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Newspaper
New York Times
Location
New York, New York, United States of America
Date
Jun 21, 1901
Page
5
The town’s fashion feature is a display of split straw and rough braid men’s hats. Alpine shaped brimmed options attract attention with narrow flat brackets and fine woven textures. Today and tomorrow they’re offered at a special price of 1.35 dollars, regular 2 dollars, at WM. Vogel & Son on Broadway and Houston Street.
Fifty men fled when a high tension rotary in a basement dynamo at the Edison Heat Light and Power Company exploded. Engineer Henry Kraemer, 30, was struck by flying steel, his right leg shredded, and rushed to Hudson Street Hospital in a dying condition. Policeman John Finn aided the escape, saved Kraemer, and the building was doused with sand to control insulation fires. The wrecked dynamo supplied power from the Battery to Eighth Street, with other dynamos maintaining lights. About 100 Buckley & Warden employees, mostly women, rushed to the street. many fainted or panicked during the alarm.
Acting under a 1900 act, the government sold its interest in the Sioux City and Pacific Railroad at auction to the Chicago and Northwestern Railway for 2,112,000, including a 250,000 credit for mail service. The government claimed 4,184,589 total, with 1,628,320 principal and 2,556,269 interest, reflecting prior bonds issued under 1862 and 1864 acts.
Baltimore reports Nelson Perin will retire as President of United Railways and Electric Company. George R. Webb, also President of Maryland Telephone Company, to succeed him. Perin has sold about 25,600 shares to a syndicate led by Alex Brown & Co. Rest and recreation cited as his reason.
A number of prominent banking houses discuss taking steps to oppose Commissioner Yerkes of the Internal Revenue Department who ordered brokers not members of any Exchange to take out licenses under Broker Class No 2 the bucket shop class.
A list of newly formed companies with capitals and directors. John Matthews Company plans carbonated beverages in New York City with 1 million dollars, while American Molding Company in Yonkers seeks 125000 dollars for frames. Solomon-Clapper Company in New York City and United States Paint Company also appear with respective capitals and directors.
A list of companies and their capitalizations is provided, with each entity followed by its officers or directors. Entries include Isaac Silvernail and Charles A. Silvernail in Syracuse ventures, the JosephS. Kelly Company of New York City, Foster-Richardson in Utica, Snowdon Apartment House in Syracuse, Schuyler Storage Warehouse in New York, and Crown Hair Preserver in New York, with capital sums ranging from 5 000 to 50 000 dollars.
The document lists several proposed corporations with stated capitals and incorporators. Ox Beef Company plans 1,000,000 dollars for meat extracts. Hoskannini Minin Company seeks 5,000,000 dollars. Bundy Lamp and Gas Company aims 500,000 dollars. H Ree Water Purification Company shows missing capital. North American Sugar Company lists 100,000 dollars. United Mercantile Company has 200,000 dollars. Incorporators include Francis B. Mathys M. A. Wilson Charles E. Wickes William T. Wells Robert P. Stanton J. Wheeler Hardley Roswell F. Nichols John A. MacTeak William Erdell F. H. Hansell George H. P. Martin George R. Fowler Furman W. Lincoln Charlies D. Barry John R. Bradlee John W. Beisenhuth Joseph C. Davis Frederick W. Hope Enrique F. Martin B. Goodwin Albert C. Wall L. Hollingsworth Wood.
Special to The New York Times Wilmington Del June 20 charters issued at Dover today include Smith-Watson Si Company of Philadelphia to make and sell signs and racing gear with capital 1 060 000 Incorporators Frank E Smith Frank C Watson and William H Brooks Klupfel Vinegar Company of Buffalo to make buy and sell vinegar capital 75 000 American Home Brewing Company of Indianapolis Ind to manufacture and sell malt liquors capital 1 000 000
Washington June 20 The Secretary of the Treasury today bought 118000 percent short term bonds at 113 3757 and 5000 short five percent bonds at 109 03 The operation reflects ongoing debt management measures by the Treasury to optimize yield and liquidity in the government bond portfolio.
Manager Mallet of the Manchester Insurance Company arrives in the city while J R McCay of the Fire Association and Phoenix of Hartford sails to London aboard the Oceanic. The Southeastern Tariff Association prompts many fire insurers to refrain from reinsuring shore risks of marine firms. The London Chronicle’s North Irish and Mercantile Insurance Company may acquire Universal Assurance Company of India. The storage store rating schedule failed at a New York Fire Insurance Exchange meeting but later gained favorable momentum, with new rates expected within three weeks. Until then, the Exchange ordered a 50 percent rate increase on buildings and contents of listed non fibre stores.
At the semi annual meeting O D Ashley resigned as President and was elected Chairman of the Board. Joseph Ramsey Jr was elected to succeed him as President. Ashley retires after turning eighty and Ramsey has long served as Vice President and General Manager. A dividend on the Debenture Bonds was declared.
J C Stubbs arrives in San Francisco to implement Harriman’s plan. He will run traffic for the Southern Pacific Union Pacific Oregon Railroad and Naviga tion Company and Oregon Short Line reporting to multiple boards. The move excludes Illinois Central and Chicago and Alton and covers lines west of the Missouri River.
At a Boston meeting of the Mexican Central Board of Directors an executive committee was elected: J. J. Mitchell, H. C. Pierce, F. H. Prince, Eben Richards, W. L. Stow, and W. L. Von Blarcom. The board also agreed to purchase the Monterey and Mexican Gulf Railroad, a 389 mile line from General Trevino to Tampico.
The Chicago, Burlington and Quincy Railroad directors met in Boston for their monthly session and took up only private matters. No non-directors attended, including E. H. Harriman, and the Great Northern Northern Pacific mortgage involving CB&Q stock is expected to be formalized within a few days.
Nashville Tenn June brief reports a railroad securing a perpetual franchise. Limited readable text notes city authority and potential long term privileges granted to the line. No dates beyond month mentioned. No further names or places identifiable in fragment.
Chancellor Cook rules Nashville Railroad retains perpetual street ownership despite suits seeking revocation of the integral lines charter. Suits argued city consent to transfer of franchises was never obtained as required by law, but the Chancellor held city consent was not essential.
Memphis dispatch reports a new railroad twenty miles long to run from Corinth Mississippi to Hamburg Tennessee. The Greenville Nashville and Chattanooga Railroad will serve as a major feeder to the Southern Railway and the Mobile and Ohio lines, enhancing regional transport and commerce.
Illinois Central officially confirms a plan to take over Iowa Central by Minneapolis and St. Louis on a two for one basis. The deal guarantees a 5 percent dividend on the securities of the consolidated railroad.
The report of the Pennsylvania Railroad buying the Pennsylvania and Northwestern was denied by J E Berwind who backs the latter. Long Island tunnels may sit near Herald Square while President Baldwin declined to reveal terminal location. J Lowther Welsh named President pro tem of the Reading Railroad during Baer’s three month vacation. St Louis and San Francisco voting trustees plan to dissolve the stock trust on July 1 first established July 1 1896 for five years. Chicago Great Western and Wisconsin Central harmony talks reportedly involve rolling stock control by the Herman interests though details remain unconfirmed.
Washington June 20 Admiral Dewey called at the White House to inquire after Mrs McKinleys health and said he would depart Monday for Newport R I to attend the General Naval Board meeting of which he is President The Admiral praised the boards war planning and compared it to continental staff work He favored a US General Staff and warned he would regret war but hoped the boards work would prove its value in preparation
Washington reports from Dr. Martinez-Silva, Colombia’s minister, that the revolutionists have been stamped out aside from small bands near Panama. The government says Panama bands are guerrilla remnants, not strong in Panama City, akin to the Philippine movement. Banks offer to fund the government if paper money is halted. Filibustering efforts in Jamaica and other West Indian points contribute to unrest.
New York tea dealers petition the District Supreme Court for a writ of certiorari against the Secretary of the Treasury and the U S Board of Tea Experts to compel production of board acts and regulations for 1901 tea standards and to challenge their authority to exclude teas by size. The court set July 3 for answer and the petition argues the standard fixes exceed jurisdiction while noting millions of pounds of dust tea differ only by size yet meet purity standards.
General directions from Chief Hyd graphic Newell as geologic survey parties begin work in the Gunnison River Valley near Montrose. Plans aim to divert the river through a tunnel to create a dry fertile valley. A separate project targets the River Valley in Montana. Congressmen travel to Manila with a congressional party and army officers. The McClellan will carry the party from New York July 10 with the Ingalls to follow after refit, and the Twenty sixth Infantry HQ and band depart from Fort McPherson, Ga.
Washington has been asked for an appropriation of $10,000 to defray the expenses of fifty Filipino teachers who are to study for a year in normal schools of America. The schools offer them free tuition, and eight teachers are to be sent.
First Lieut Albert R Dillingham is transferred from the Twenty sixth Infantry to Elmigen and assigned to a company under the regimental commander The board of officers is appointed to meet at a later date for further action.
The Army Building in New York City will meet August 15 to exam ine Lieutenants for transfer to the Corps of Engineers. First Lieut. Joseph L. Knowlton is relieved from duty at the Military Academy. Second Lieut. Lee Hagood transfers to the Artillery Corps with May 22 date and joins Coast Artillery at Fort Hancock. Lieut. Hugh A. Roberts moves to the Eighth Cavalry. Second Lieut. William P. Ennis transfers within Field Artillery. Capt. Frederick C. Jackson leaves temporary duty at Columbus Barracks and sails to San Francisco for Manila transport.
Washington dispatches list naval movements with ships Kempff aboard the Kenucky at Nagasaki and the collier Alexander departing Valparaiso for a new coaling station at Pichilinquil Bay Mexico. Indiana sails from Newport News to New London and Eagle leaves Key West for Portsmouth. The Presidents yacht Sylph is docked at Norfolk for repairs.
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