Morgan Gains Role in Brooklyn Rapid Transit Financing
Morgan & Co. has reportedly assumed a major financing role for the Brooklyn Rapid Transit Company through treasury bond purchases. Norman B. Ream, a BRT director, reportedly brokered the arrangement with J. P. Morgan & Co. Morgan Jr. would not confirm details. President Winter of BRT neither confirmed nor denied the report, stating no authorization from BRT. The financial district expects Morgan & Co. to join the BRT board representatives, with Flower & Co. previously linked to the firm. BRT stock, previously high during the Flower boom, closed yesterday at 46 1/2.
MENTIONED IN THIS ARTICLE
J. P. Morgan & Co
Treasury
Brooklyn Rapid Transit Company
Financial District
Wall Street
Norman B. Ream
Morgan & Co
J. P. Morgan, Jr
Winter
Brooklyn Rapid Transit Com
Brooklyn Rapid Transit
Morgan Firm
Brooklyn Rapid Transit Board of Representatives
Flower & Co
Gov. Flower
Morse Line Reorganization Aims Bond Reduction
Bondholders Protective Committee of Consolidated Steamship Lines plans a reorganization cutting bond debt from 60 million to 15 million and reducing total stock from 60 million to 40 million split between 5 percent preferred and common shares. Holders of 4 percent bonds to receive pro rata shares of new 5 percent bonds and participate in new preferred and common stock allocations. Each $1,000 4 percent bond would get 200 in new bonds, 250 in preferred stock, and 125 in common stock.
MENTIONED IN THIS ARTICLE
Consolidated Steamship Lines
G W. Morse
Maine Corporation
Metropolitan
Eastern Steamship Companies
Supreme Court Justice Hendrick Reserves Decision in Morse Suit
Justice Hendrick reserved decision yesterday on Charles W. Morse's application to set aside a default and allow an answer to R. A. Smith's suit seeking $150,000. Morse claimed he was in Europe when the judgment was obtained.
MENTIONED IN THIS ARTICLE
Supreme Court
Hendrick
Charles W. Morse
R. A. C. Smith
Morse
Europe
Appellate Division Rules Against Forcing Book Disclosure
The court unanimously holds the State Controller cannot compel a broker to allow inspection of private books. The ruling affects John S. Ferguson who refused inspection and was discharged. It cites Constitution Article I Section 6 protecting against self incrimination in criminal cases.
MENTIONED IN THIS ARTICLE
John S. Ferguson
Sugar rebate inquiry discussed at City Hall hearing
Martin A. Knapp of the Interstate Commerce Commission heard evidence in Federal Sugar Refining Co v railroads entering New York. The suit alleges four years of discrimination in lighterage rates with rebates to Sugar Trust and Arbuckle. Witnesses detailed shipping methods and rate differentials costing the company about $100,000. Knapp gave plaintiffs 30 days to file more facts and defendants 15 days to answer.
MENTIONED IN THIS ARTICLE
Martin A. Knapp
Inter-State Commerce Commission
Federal Sugar Refining Company
New York
City Hall
Arbuckle
Henry A. Wise
Yonkers
F. W. Richardson
Federal
Yonkarg
Western Points
Brooxlyn
W Ise
Knapp
School Fire Trap Shut. Brooklyn and City Buildings Close Several Schools
Public School 25 on Herkimer Street in Brooklyn was closed after inspectors deemed it a firetrap. More closures followed including Public School 72 on Lexington Avenue, Public School 105 at Mast Fifth Street, the Public School 15 annex at Coronet Queens, and a room at Public School 18 in Elmhurst.
MENTIONED IN THIS ARTICLE
Collinwood
Ohio
Maxwell
Herkimer Street
Ralph Avenue
Brooklyn
Supt. Moore
Bureau of Buildings
Lexington Avenue
105Th Street
Manhattan
Mast Fifth Street
Corone
Queens
Elmhurst
I. I
Sugar Refinery Suit Dismissed by Judge Holt
Judge Holt of the United States Circuit Court dismissed the complaint by Pennsylvania Sugar Refining Co against American Sugar Refining Co for 30 million dollars in damages. The court allowed amendment within 30 days on costs, ruling the case cannot stand under the Sherman Anti Trust act as it concerns manufacturing not trade or commerce.
MENTIONED IN THIS ARTICLE
Holt
United States
Pennsylvania Sugar Refining Company of
Philadelphia
American Sugar Refining Company
Gustave E. Kissell
600000 For A High School Building
The Board of Estimate approved a 600000 dollar appropriation for a new Washington Irving High School building. Teachers and pupils from the school paused classes to await the decision and sent a message to City Hall, while Controller Metz pondered whether telepathy influenced the board’s action.
MENTIONED IN THIS ARTICLE
Board of Estimate
Washington Irving High School
Puppls
City Hall
Metz
Indiana Hoosiers at Waldorf Astoria Toast Landis and Banks
At the Indiana Society dinner in New York 300 Hoosiers gathered in the Waldorf Astoria ballroom to hear Congressman Charles B. Landis praise Indiana and share stories. Vice President Fairbanks sent a letter, and two sham telegrams from party chairs teased Landis amid talks of war and Indiana hospitality.
MENTIONED IN THIS ARTICLE
Wabash
Waldorf-Astoria
Congressman Landis
New York
Waldorf
Palm Room
Washington
Landis
Indiana
Chicago
Denver
Booth Tarkington
Peter Finley Dunne
David Graham Phillips
Charles Major
Rawlins
James B. Curtis
Fairbanks
Capt. Curtis
Indiana Society of New York
Charles W. Fairbanks
Harry New
Republican National Committee
Tom Taggart
Democratic National Committee
Man Gives Away Money Claims Heir to 5000 Dollars
A poorly dressed man named James J. Taylor from Pittsburgh was arrested at Seventh and Market Streets after distributing $5 and $10 bills to a crowd. He claimed to have inherited $5,000 and insisted he had the right to give it away.
MENTIONED IN THIS ARTICLE
Pittsburg
ST. Louis
James J. Taylor
Penn
Market Streets
Selden R Hopkins Jr Vanishes After Newark Visit
Selden R Hopkins Jr of Arlington New Jersey left home Monday morning to visit Newark and has not been seen since. His wife received a Newark postmarked letter that night saying he hoped to find work. He is a contracting carpenter and son in law of John T Sproull, president of the Coal and Iron Bank Manhattan. He carried a small sum of money.
MENTIONED IN THIS ARTICLE
Selden R. Hopkins, Jr
Arlington
N. J
Newark
John T. Sproull
Coal and Iron Bank
Manhattan
Hayes Named Fire Commissioner in Bonner's Place
Nicholas J. Hayes was appointed Fire Commissioner by Mayor McClellan to replace the late Hugh Bonner. Hayes, a former deputy city clerk and past Fire Commissioner, will earn $7,500 annually. James Kane of Brooklyn was named to the Board of Elections at a $5,000 salary.
MENTIONED IN THIS ARTICLE
Nicholas J. Hayes
McClellan
Hugh Bonner
Hayes
Troy
Murphy
Charles F. Murphy
Tammany Hall
Twenty-eighth
James Kane
Brooklyn
John McGuire
Board of Elections
McGuire
Kane
McCarren
Kings
Democratic State Committee
Rare 14th Century Illuminated Book Bound for Europe
A handmade illuminated book of 274 pages, about seven by six inches, will depart on the Kronprin zess in Cecilic Tuesday. Created in the early 1300s, it is insured for $10,000 and travels from J Easter Field of 106 Columbia Heights Brooklyn to Leipsic and then the British Museum, stored in the purser's safe, with the leather cover inscribed Heures Anciennes.
MENTIONED IN THIS ARTICLE
Kronprinzess
Cecilic
J. Easter Field
Columbia Heights
Brooklyn
Leipsic
British Museum
Ill Widow Nurse Mrs Beard Feels Public Indifference
Mrs. L. J. V. Beard once connected with ex President Cleveland lies critically ill at New York Hospital. Once a Richmond Army nurse and Southern fundraiser, she is 68 and poverty stricken awaiting quiet care and treatment. Her son is too young to assist.
MENTIONED IN THIS ARTICLE
L. J. V. Beard
Cleveland
Richmond
New York Hospital
Washington
South
Canada
Joseph E. Johnston
Cruiser Rescues Stranded Steamer Off Pernambuco
The US cruiser Chicago, en route from the Pacific to the Atlantic, entered the outer harbor with the disabled Austrian steamer Robina in tow from Hull to Buenos Aires. After dropping her tow, Chicago left the port and set sail again.
MENTIONED IN THIS ARTICLE
Pernambuco
United States
Chicago
Pacific
Atlantic Station
Robina
Hull
Buenos Ayres
Fire on Trinidad Line steamer. minor damage
Unrest at Amity Street docks after a lamp topple started a fire on the Trinidad Line steamer caraval. Crew and firemen contained the blaze with slight damage. Brooklyn notes cover transit petitions, library funding requests, and a suspicious Italian arrestee linked to a 1906 Italy murder.
MENTIONED IN THIS ARTICLE
Amity Street
Trinidad
Suicide Attempt on Brooklyn Bridge Ends in Drowning
A man about 25 leaped from the Brooklyn Bridge after acting erratic on a Vanderbil t Avenue car. He swam toward a Manhattan pier with help nearby but exhausted, sank and died despite brave attempts to aid him. Onlookers watched from the bridge and piers unable to intervene.
MENTIONED IN THIS ARTICLE
Brooklyn Bridge
Manhattan
Vanderbilt Avenue
Park Row
Navy
Albert Silver
Silver
Manhattan Tower
Samuel Lichtenstein
Dover Street
Princeton Students Stage A New Way to Pay Old Debts
Princeton University undergraduates presented Philip Massinger's Elizabethan comedy A New Way to Pay Old Debts before about 1,000 spectators. Sophomore Van Winkle played Sir Giles Overreach with notable insight, his portrayal of the grasping extortioner drawing audience acclaim as the character meets madness.
MENTIONED IN THIS ARTICLE
New York Times
Princeton
N. J
Princeton University
Philip Massinger
Mr. van Winkle
Giles
Also Mentioned on This Page
Morgan
B.rt
Morse Line
Protective Committee
Smith
American Sugar Co
Broadway Broadway
Broadway
Dey St
14Th St
Nassau Str
Fifth Ave
Fulton §&T
St. St
Indiana Society
Bonner
Pernambuco Harbor
Brooklyn News Notes
East Flatbush Taxpayers’ Association
The
Public Service Commission
Utica Avenue
Atlantic Avenue
Long Island Railroad
McCarroll
Coler
Brooklyn Public Library
Carbone
Adams Street
Eee
Luigi Dellionico
Casserta
Italy
Francesco Dellionico
Stranger
Simpson Crawford Co
Eeveeype
Duairiyouaenae
America
N.Y. Globe
U. S
Bookman
Fogarty
the Bobbs-Merrill Co., Publishers
Fifth Avenue
James P. Silo
Benjamin Benguiat
Cathay
Mr. Benguiat
James McCreary & Co
34Th Street
Sorosis Shoes
Russia
Sorosis
MR. and Mrs. Villiers
BY Hubert Wales
WOKK
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