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Newspaper
New York Times
Location
New York, New York, United States of America
Date
Jan 30, 1908
Page
2
Banking turmoil continues as New Amsterdam National banks faces possible reopening or new institution. Clearing House refuses further certificate issues while Mechanics and Traders Bank nears closure after withdrawing deposits and restructuring.
Albany, Jan 29. Two Senate committee bills follow Clark Williams’s audit of New York City turmoil, raising city bank reserves from 15 to 25 percent and other cities from 10 to 15 percent. NYC trusts must hold 15 percent in money. other city trusts 10 percent with half in cash. Assembly member Wainwright favors full money reserves. Hearings set for Feb 11–12.
Henry C. Ide reports $8,608,216 held by receivers in court named depositories as Knickerbocker Trust prepares a resumption plan. The receivers emphasize conserving assets, pressuring debtors, and keeping branch offices ready to operate if reorganization succeeds. Depositors' assent delays persist, while Justice Leventritt endorses the resumption agreement to protect beneficiaries’ rights.
Mrs. Mary France says an accomplice, Philip Importuno, held her during a dinner while Signogro stole her $3,011 from a bag. He was arrested on complicity. Signogro fled, police seek him.
Ex Police Commissioner Frank Moss outlined aims of the Society for the Prevention of Crime at NYU Law School. He said the group has not fought the citys criminal element but exposed police crime collusion. He urged adding more trouble to balance the load and prevent one sided burden.
Pittsburg January session hears John Newell owner of Newell's Hotel protest tax hikes tied to Oliver Avenue widening. He claims no benefit from the project and cites neighbors Trinity Church and Dimitry. Judge Marshall Brown laughs then suspends decision with no ruling.
The Berkeley School presented an evening in its building with recitals by younger boys and a one act play titled Christ mas Boxes by older students. About 200 attendees applauded as the boy actors Noel T. Arnold Newton M. Rhodes Herbert Jack Steyne H R Chambers F A Miller P G Goeth eps Phillip Smith and Neil Burgess Jr performed. Reciters included Andrew Albright Henry T. Kilburn H B Albright Alexander Tyson Jr Charles Boswick Jr John A Hiller Charles Baskerville and per Laidlaw.
The funeral for Prof. Joseph A. Cillet Acting President of the Normal Cage will be held at 10 o clock tomorrow morning from Park Avenue Methodist Church at the corner of Eighty-sixth Street. Pall bearers will be chosen from his collegians in the college where he served nearly a lifetime. The college Executive Committee has not taken action on his death and the campus was open as usual yesterday.
The trial over profits alleged between 1 million and 10 million from the American Sugar Refining Company opened in Trenton before Vice Chancellor E R Walker. C H Earle Jr as receiver for the Pennsylvania Sugar Refining Co led the case with Philadelphia and New York attorneys. The suit accuses the Sugar Trust of secretly lending 1.2 million to Adolph Segal via Gustave Kissel and John E Parsons to gain control of the Pennsylvania Company, close plants, and reap vast profits by treating it as part of its business. The proceedings included documents of the Pennsylvania Company and testimony about the plant’s scope, with the case to continue tomorrow.
The meeting features Governor Hughes indorsement with two portraits displayed. Lauterbach accuses delays and hypocrisy, claims New York Republicans fear primaries. calls for nominating Hughes at Chicago under honest leadership. Hodges, Hedges, and Mack react as factions clash.
By an 18 to 8 vote the Queens County Republican committee passed a resolution endorsing Gov. Charles E. Hughes for the Presidency at a meeting in the Third Ward Republican Club Flushing. Chairman Theron H. Burden supported the resolution while ex Sheriff Joseph De Bragga opposed it, leading a hour long struggle.
Boston January 29 State Democratic Committee members tabled a resolution endorsing William J Bryan for the Democratic presidential nomination by an overwhelming vote. The meeting reflected broad backing for Bryan though the motion was set aside for further consideration.
The text lists donations and aid actions including warm clothing, bedding, coal for widows, eviction prevention, and sickness relief. It notes amounts of 50, 160, and 1000 dollars aiding over two thousand families, with addresses of officers R S Minturn and R Fulton Cutting.
Washington speech by Prof. Alexander Graham Bell at the American Breeders Association convention argues public knowledge can curb harmful marriages more than laws. He favors promoting superior marriages, cautions against restricting liberty, and urges immigration controls to shape a higher American stock. He warns against dismantling family rights and emphasizes the need to guide evolution through policy.
Washington reports complete tabulation of The Chicago Tribune poll among 5 792 GOP insiders showing Taft first Hughes second Roosevelt third with Cannon a strong dark horse. Knox Fairbanks Root and others rank in order with Root drawing votes nationwide and strong Minnesota showing.
In Frankfort on January 29 John P. Allen of Lexington increased to four his tally on the joint Legislature ballot for United States Senator. The current ballot shows 57 for Bradley, 57 for Allen, and 7 for J. J. C. Tito with one vote unaccounted.
Miss Madeline Mills, active in the Society for the Prevention of Cruelty to Animals and known for prosecuting horse mistreatment, was taken from her Kingsbridge home to Roosevelt Hospital with paralysis affecting her entire right side. Her condition was reported as serious.
A bronze fountain was installed yesterday at the rear of Grace Church at Broadway and Tenth Street. The gift came from a Grace Church member, and the fountain was designed by John S. Humphreys and approved by the Municipal Art Commission, for the Society for the Prevention of Cruelty to Animals.
Scott Ryan testified that Patrolman George Dawkins of the Adams Street Station helped him commit a burglary leading to the officer’s arrest. Harry Boyd, arrested with Ryan, also appeared before the Kings County Grand Jury. Dawkins pleaded not guilty and was sent to jail in default of bail pending a hearing tomorrow.
In The Times Lost and Found column a missing $100, mostly $20s, carried in a stocking by an elderly Brooklyn widow, vanished after shopping near All Angels Church and Wanamaker's. A reward is offered for the return to Rev. Dr. S. Delaney Townsend.
W R Willcox head of the Public Service Commission spoke at the Brooklyn Club on subway needs and the limited funds for two years. Four resolutions urged Brooklyn priority, a single system for Brooklyn Manhattan and the Bronx, easier bidding for private capital, and named a committee to draft amendments to the Rapid Transit act per the commission’s report.
In Chicago on January 29 judges Grosscup Baker and Seaman of the U.S. Circuit Court of Appeals refused to raise Standard Oil Company of Indiana bond from 6 million to 29.24 million. They said government lacked proof that the company’s tangible property was worth more than 5 million.
Milwaukee reports 6 below zero while Green Bay hits 14 below and Duluth 28 below. St. Paul at 2 below and Superior 32 below. Officials forecast continued extreme cold for the next 24 hours.
Night Riders burned two large tobacco barns on the Jesse Burr farm one mile west of Adairsville Kentucky. The barns held a large crop belonging to Presley Strickland a cropper not part of the Dark Tobacco Growers Protective Association. A third barn on the same property owned by Pinckney Ward, an association cropper, was not harmed.
The Right Reverend Charles H. Brent Episcopal Bishop of the Philippines addressed a large audience at the Church of the Holy Trinity on The Opportunity Open to Privilege, detailing how talent education and ability open paths for those in the Islands. Bishop Burgess presided.
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