European Markets Turn Toward Healthier Financial Tone
A leading international banker links returning sobriety in government and better crop prospects to a thaw in the long period of investment fear. He cites Roosevelt's anti trust and interstate reform signals, legal court rulings against unconstitutional state measures, and easing foreign money markets as factors stabilizing stocks and credit.
MENTIONED IN THIS ARTICLE
Taft
Southern Railway
Southern
North Carolina
Washington
Minnesota
Roosevelt
Congress
Denial by Justice Davis of Metropolitan nomination charge
Justice Vernon M. Davis at the Hotel Brighton Atlantic City denied by telephone any knowledge of a $15 000 payment for his Supreme Court nomination. He said there was no truth to the allegation and he never authorized fund raising or discussions with John F McIntyre or the Metropolitan. Henry A. Robinson was seen but declined to discuss the matter.
MENTIONED IN THIS ARTICLE
Vernon M. Davis
Brighton
Atlantic City
Louis B. Juslian
Metropolitan Street Railway System
Metropolitan
Supreme Court
John. F. McIntyre
McIntyre
Jerome
Davis
Henry A. Robinson
Julian
Thomas F. Ryan
Yonkers
School Piano Scandal Reopened by School Board Committee
Charges against Caleb W Cameron Inspector of Masonry in the Department of Education are reopened by the Building Committee of the School Board over piano purchases for public schools. The first findings backed Cameron's innocence, but board members faulted the report wording and urged further evidence before any dismissal.
MENTIONED IN THIS ARTICLE
Caleb W. Cameron
Department of Education
Cameron
Harbor Fog Delays Ferry Service In New York Bay
Dense fog crippled the Astoria ferry line from East Ninety-second Street and slowed bay traffic. By noon a long line of at least 700 carriages waited along Avenue A as funeral trips to Calvary Cemeteries faced delays.
MENTIONED IN THIS ARTICLE
American
Philadelphia
Celtic
White Star Line
Bay
Astoria
East Ninety-second Street
Calvary
Avenue A
Aldrich Bill Faces House Banking Committee Battle
The Aldrich bill goes to the House Banking and Currency Committee with leaders split over changes. Chairman Fowler promotes his alternative while Rep. Burton of Ohio presses two radical amendments. One would legalize Clearing House certificates backed by municipal bonds, and the other would appoint a commission to study currency and propose reforms. Burton plans to attach these as Senate riders, using bank group paper as security for an emergency issue. The plan blends central bank ideas with asset currency concepts.
MENTIONED IN THIS ARTICLE
New York Times
Washington
House
Committee On Banking and Currency
Fowler
Burton
Ohio
Aldrich
Senate
Mountain-Front Robbery Suspects Held After Poisoned Palate
Jacob Roth of Brooklyn and James Mc Grath of Manhattan are detained in Mount Vernon for intoxication disorderly conduct and concealed weapons. Police foresee burglary and safe blowing charges connected to robberies at Post Offices, railroad stations, and stores in Westchester County. Nitro glycerine used in lootings on Putnam and Harlem lines.
MENTIONED IN THIS ARTICLE
Mount Vernon
Jacob Roth
Raymond Street
Brooklyn
James McGrath
East Twentysecond Street
Manhattan
Roth
Foley
Westchester County
Putnam
Harlem
Safp
Berlin Boerse Buoyant on Optimistic German Markets
Berlin traders report a hopeful mood as the Boerse shows buoyancy for the first time in weeks. The improving German industrial outlook fuels cautious optimism in the wake of domestic and international market pressures.
MENTIONED IN THIS ARTICLE
Berlin
Boerse Experi
Sugar Trust Faces Divergent 1907 and 1908 Reports
The Sugar Refining Company presents a conflicting set of assets and liabilities between the Massachusetts report and its own stockholder statement. Key discrepancies involve investments in beet sugar ventures, cash and debts receivable, and the ownership of Havemeyer estate assets, with figures showing wide variance and a cautious note from directors about publicity and disclosure.
MENTIONED IN THIS ARTICLE
American Sugar Refining Company
Massachusetts Commissioner of Corporations
Havemeyer & Elder
Havemeyer
Claus Spreckels
American Beet Sugar Company
Western Sugar Company
Massachusetts
Ccceeueseerdee
Anee Oe
We Pentacostas
Brooklyn Cooperage Company
Valternia
San Fran- Serae
Ara Arta
Paris Market Steady After Rochette Scam Unfolds
The Paris Bourse showed little shock after Henri Rochette banker fraud surfaced. Intermediaries and small investors suffered losses, yet the financial life of Paris remained stable. State issues stayed strong and copper gains buoyed mining shares, led by Rio Tinto.
MENTIONED IN THIS ARTICLE
NEW York Times
Paris
Henri Rochette
Rio Tintos
Japan's Railroads Face Financing Split After Nationalization
Japanese bankers in New York say government control of trunk lines remains intact as plans emerge to invite outside capital without ceding oversight. They note 1906 financing bought 17 of 30 private rails, with 32 year loan repayment, while army and navy budgets now consume 40 percent of national income.
MENTIONED IN THIS ARTICLE
Empire
New York
National Bank of North America Pays Off Clearing House Certificates
The National Bank of North America completed payment of the last clearing house certificate Friday, ending a five month process that started with October issues totaling up to 97 million. The certificates eased bank strain during the last fall financial panic and were slowed by suspended banks, delaying final payoff.
MENTIONED IN THIS ARTICLE
National Bank of North America
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