Final report on Panic loan certificates by New York Clearing House
The loan committee of the New York Clearing House Association filed its final report after issuing 101,090,090 in Clearing House loan certificates during the panic. At peak, 588,420,000 certificates were outstanding on December 16, 1907, with loans backed by 453,000,000 in collateral over 22 weeks. Fifty-two banks used certificates. 32 did so at some point, and 20 did not. Interest paid totaled 1,116,245 at 6 percent, settled monthly.
MENTIONED IN THIS ARTICLE
New York Clearing House Association
Clearing House
National Bank of North America
Wall Street
James T. Wedward
Wiliam A. Nash
Dement Clarke
Edward Townsend
A. B. Hepburn
Alexander Gilbert
James G. Cannon
Henry P. Davison
Walter E. Frew
Gates W. MecGarrah
Albert H. Wiggin
United States
Erie notes due in three years tied to collateral list
Erie Railroad plans a new 15.08 million three year 6 percent secured issue backed by pledged bonds and stocks including Erie general lien bonds, convertible bonds, Mutual Terminal Company, and Lehigh & Hudson River stock. Old unsecured notes are to be exchanged. exchange figures were not released.
MENTIONED IN THIS ARTICLE
Erie Railroad Company
Wall Street
J. P. Morgan & Co
Mutual Terminal Company
Buffalo
Pennsylvania
Hocking Valley Railway Company
Temple Iron Company
Lehigh & Hudson River Pailway Company
Lehigh Valley Railroad Company
The
Erie
Stock Exchange
Relic Automobile Arrest Highlights Early Car Testing
Elwood Haynes was arrested for speeding while test driving the first automobile he built in 1893. The Smithsonian sent the runabout to show car evolution, and officers halted the trip after a speed-law violation. the charge was not pressed. Haynes noted it was his second automobile-related arrest and seemed proud that a relic could reach such speeds.
MENTIONED IN THIS ARTICLE
Elwood Haines
Smithsonian Institution
Haynes
Unemployed addressed at Astor conference on jobs and pay
At the Ethical Social League conference in the Astor Hotel speakers urged a state run central employment agency modeled on Berlin plans to place workers. Robert Hunter pressed the eight hour day and equal pay for women while the Metz controller sent a daily contract total in reply to league inquiries.
MENTIONED IN THIS ARTICLE
Hotel Astor
Ethical-Social League
Robert Hunter
Union Square Park
G. W. Knox
Union Theological Seminary
F. J. Warne
L. K. Frankel
United Hebrew Charities
M. St. Croix Wright
Hunter
Berlin
League
Metz
Frederick R. Conant
Brooklyn Ferries to Go in Reorganization Plan
The Brooklyn Ferry Company may close passenger and trucking ferries under a reorganization, with its property to be taken over by New York Terminal Company. The $6,500,000 bond issue is secured by a mortgage. Broadway to Roosevelt, Grand, 23d, and 42d streets ferries may cease. only the Houston street to Grand street route could remain for freight use.
MENTIONED IN THIS ARTICLE
Brooklyn Ferry Company
New York Terminal Company
New Jersey
Williamsburg
Broadway
Roosevelt Street
Grand Street
23D Street
42D Street
Manhattan
Lower Brooklyn
Newtown Creek
Houston Street
East River
South 6Th Street
South 7Th Street
Interborough Seeks Mortgage for $55,000 Bond Issue
Public Service Commission hearing on Interborough Metropolitan Company mortgage to secure $55,000 bonds closed. Witnesses including F J Gaynor and Theodore P Shonts testified on assets, depreciation, and future costly improvements. Ivins warned surplus could vanish with $1.25 million upgrade order.
MENTIONED IN THIS ARTICLE
Interborough Metropolitan Company
Public Service Commission
William M. Ivins
F. J. Gaynor
E. P. Bryan
Theodore P. Shonts
Marvyn Scudder
Metropolitan
Mr. Gaynor
Gaynor
Ivins
Commission
Mr. Ivins
Shonts
Travis Measure Amended Seeks Debt Limit Change
Albany April 7 The Senate unanimously advanced final passage of Senator Travis’s constitutional amendment to strip from the debt limit all future New York City railroad and dock bonds. Amendments agreed in New York City last Saturday were adopted, providing that only self-sustaining bonds are exempt.
MENTIONED IN THIS ARTICLE
Tribune
Albany
Senate
Travis
City of New York
New York City
Banking Bills Passed Halfway in New York Legislature
Albany April 7 Just half of the banking reform program moved forward as the Senate passed two Assembly bills. The measures limit officer conflicts over deposits and reporting, and curb certain trust company practices. Amendments encourage state banks and trust companies to hold barge canal bonds.
MENTIONED IN THIS ARTICLE
Tribune
Albany
Clark Williams
State Banking Department
Senate
Assembly
Martin H. Glynn
Friends of
Davis
Foelker
Gilchrist
Hill
Page
Saxe
Wemple
Hooker
Knapp
Smith
Travis
Tully
White
Wilcox
Hughes
New York
Citizens Union seeks hearing on transit bill change
Albany April 7 The legislative committee of the Citizens Union has applied to Speaker Wadsworth for a Rules Committee hearing on the Cities Committee bill amending the rapid transit act. They argue the measure would restore perpetual franchises through city sub ways unless altered. Senators McCarren and Horace White lead the Senate Cities Committee with amendments expected and a hard fight anticipated.
MENTIONED IN THIS ARTICLE
Tribune
Albany
Legislative Committee
The
Citizens Union
Wadsworth
Senate
Assembly Cities Committees
Senate Cities Committee
McCarren
Horace White
Recodified Game Laws Passed By Senate In Albany
Senate without debate approves Mills bill recodifying forest fish and game laws. New licensing bureau for hunters, resident fee one dollar nonresident twenty dollars. Open seasons set October November for most game with Adirondacks separate. Deer September 16 to October 31 ducks to January 1. Long Island later months. Brook and lake trout seasons and size limits defined. Tip-up fishing allowed with five gadgets in troutless waters.
MENTIONED IN THIS ARTICLE
Tribune Alvany
Senate
Mills
James S. Whipple
Forest, Fish and Game
Whipple
Bureau of Marine Fisheries
Adirondack
Long Island
Allegany
Cattaraugus
Chautauqua
Chenango
Cortland
Willcox Denies Report on Page-Wainwright Bill Changes
Chairman Willcox of the Public Service Commission says he has not heard from Albany about the Page-Wainwright bill being emasculated in committee. Secretary Travis Whitney rushed to Albany to learn what happened and Willcox says he never urged higher PSC costs and believes telephone and telegraph regulation belongs with the commission.
MENTIONED IN THIS ARTICLE
Willcox
Public Service Commission
Albany
Page- Wainwright
Assembly
Travis B. Whitney
Public Service Commissions
Commission
Genpe
le Comauasion
Close of Conference Appointments Read
The New York Methodist Conference ended its sessions in St James Church with the appointment of pastors for the coming year. Chancellor Day reported Syracuse University with 3200 students six colleges a top library and a gym larger than any other college gym in the United States. The temperance and labor reports drew applause as Bishop Moore announced numerous presiding elder and district appointments across New York City and suburbs.
MENTIONED IN THIS ARTICLE
New York Methodist Conference
St. James's Church
Day
Syracuse University
United States
General Conference
Committee On Temperance
Congress
Moore
Epworth League reports strong finances and church reform debates
The Rev. Dr. Randall announced the Epworth League can now cover all expenses for the first time. The session featured talks on prohibition led by Rev. Dr. F. Baker and a Connecticut church federation for civic reform. A large financial balance remained, and inquiries into a rumor about Rev. Dr. Guerney were dismissed as unfounded.
MENTIONED IN THIS ARTICLE
Randall
Epworth League
New York East Conference
F. Baker
Columbus
Ohio
National Anti- Saloon League
Federation of Churches
Connecticut
C. J. North
Conference Endowment Fund
D. A. Jordan
J. Jordan
Samuel Guerney
Africa
Ofer
F. A. McConnell
D. W. Couch
W. E. Lawrence
George Adams
William North Rice
Alders and towns listed in New Haven New York districts
A long roster of church districts and named clergy across New Haven and New York regions. Presiding elders and church locations are named, with numerous towns such as East Moriches Freeport Westhampton Beach and Stamford Circuit.
MENTIONED IN THIS ARTICLE
Best
Southampton
E. F. Weise
Grace
Oln Cort
Westhampton
Chard Hegarty
Westhampton Beach
Henry Beicher
Woodmere
S. A. Sands
Daenish
Perth Amboy
N. J
M. Block
A. M. Trelsted
Brooklyn
H. A. Ofstie
New York City
No Jackson Inquiry Likely as Leaders Plan to Drop Affair
Majority leaders in both houses of the Legislature intend to drop the Jackson affair amid a weak grand jury minutes case. The Governor awaits action, while Democrats may press for a full inquiry but face adjournment pressures and limited support.
MENTIONED IN THIS ARTICLE
Tribune
Albany
Assembly
Jackson
Palmer
Saxe
Senate Finance Committee
Also Mentioned on This Page
Morgan & Co
Relic
R. Hunter
Brooklyn Ferries
Interborough
P.S. C
C. U
Bill
Cobb
Telephone and Telegraph Companies
P. S
Uneeda Biscuit
National Biscuit Company
M.E
New York District
Philip M. Watters
Bedford Street
William Potts George
Calvary
C. L. Goodell
W. H. Vaughn
Centenary
Forty-fourth Street
William Ackrors
Grace Church
Low Thompson
Perry Street
John Rowe
St. Andrew's
G. Peck
St. James's
Allan MacRossie
St. Mark's
W H. Brooks
F. A. Cullen
St Paul's
G. P. Eckman
A. J. Palmer
St. Stephen’s
Edwin A. Lowther
Thirty-fifth Street
T. S. Bond
Tremont
A. E. Barnett
Buchanan
E. L. Allen
Philip A. Easeley
Croton Lake
Ibert D. Fisher
Orton-on-Hudson
S. Oakle
L. A. Robbins
Putnam Valley
J. S. Ladd
Shrub Oaks
Yonkers
First Church
Sanford
Hearn
J. S. Vital
Morsemere
W. H. Lofthouse
A. A. Walker
Yorktown Heights
Ss. Jutcheon
Poughkeepsie District
R. E. Wilson
Alford
North Egremont
A. A. Vradenburg
Ancram
G. E. Wright
Bangall
W. BE. Bleep
Brewster
J. J. Reed
Canaan
W. E. Ridgeway
Oakley
Chelsea
New Hamburg
A. Claverack
Ez. Copake
J. T. Stafford
East Chatham
Fred L. Lane
Elizaville
W. Tunicliffe
Falls Village
H. B. Chown
Fishkill
R. M. Strattan
Fishkill-on-Hudson
Harry Sheldon
Garrison
D. N. Lewis
Gaylordsville
James T. van Burkabow, Jr
G. A. MacDonald
Hyde Park
Jonas Inman
Johnsville
J. P. Carley
Hedding
Davi
Poughkeepsie
Trinity
A. D. Ball
Ashington Street
Fred H. Poon
Poughquat
Charles Sager
Red Hook
J. W. Ackerly
Rhinebeck
W. F. Brush
Rhinecliffe
Hillside
J. W. Bohlman
Sharon
W. A. Mackey
Sheffield
Ashley Falls
M. LB. Snyder
Spencertown
M. O. Bennett
Stockbridge
E. J. Kelly
Stockport
Stottsville
James H. Michell
Tivoli
Frank Peale
Tringham
J. Spooner
Wappinger's Falls
Foster A. Coons
West Hillsdale
West Stockbridge
Kingston District
Presiding Elder
Hough Houston
Andes
E. A. Bookhout
Arena
John H. Winderer
Arkville
Dry Brook
G. B. Kerr
Ashland
G. W. Thompson
Athens
F. A. Hawley
Blenheim
D. B. McBain
Bloomsville
H. I Houg
Bovina
Harry Thompson
Cairo
A. Dann
Catskill
Clark Wright
Charlotteville
W. L. Comstock
Coeymans
J. Dean
Coeymans Hollow
John McConnell
Cornwallville
Durham
J. K. McDivitt
Coxsackie
Alfred Coons
Devit
F. P. Harris
Dormand
J. B. Cross
Jefferson
Ambrose Quick
Kingston
Clinton Avenue
E. M Kniskern
St. James
Frank L. Wilson
H. Taylor
Leeds
Colman
Lexington
S. E. Meyers
Livingstonville
R. S. Reynolds
Malden
RB. S. Crawford
Manorhill
Conesville
W. A. Rodney
Margaretville
EL. BR. Long
Meridale
RL. Matheson
New Baltimore
Edward Hi. Ross
Oak Hill
G. Price
Olivebridge
Sidney M. C
Palenville
James Douglas
Phonica
AL Hur
Pine Hill
Shandaken
A/ M. Morgan
Port Ewe
Treadwell
D. H. Piper
Walton
Ll. P. Tucker
West Fulton
West Hurley
F. Newal
Windba
Wilsey
Woodstock
Glenville
Morse Newburg
Arthur Jamieson Accord
M. Reynolds
Alligerville
Harry
Markland
Deposit
Coddington
Downsville
Wood Hunt
East Branch
N. L. Herey
Edenville
S. Bullen
Ellenville
Albert FB
Lord
Eaqnbunk
J. T Gardner
Esopus
P N. Chase
Fish'’s Eddy
Onertown
James H. Phillips
Goshen
W. H. Moser
Rahamsvilie
Gareenfield
Mountaindale
A. J. Torrey
Hancock
U. A. Merchant
Highland
Quick. Highland
Milton
Abram
Woodard
Modena
George W. Rice
Monroe
D. McCartney
Montgomery
J. H. Lincoln
Monticello
J. J
White Lake
Mongaup Valley
Hurd
Emmet Shew
W. F. Anderson
Board of Education
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J. R. Day
I. J. Peritz
S. Harrower
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C. W. Skinner
Washington Industrial Home
Washington
Conference Temperance Society
W. B. Millar
International Committee
E. & Tipple
Drew Theological Seminary
S. E Jones
Sing Sing
A. H. Lambert
France
G. M. Fones
Open Door Commission
Board of Foreign Missions
D. M. Birmingham
Deaconess
New York East
Brooklyn North
J. S. Chadwick
Andrews
F. G. Howell
Bushwick Avenue
F. W. Hannan
de Kalb Avenue
South Second Street
F. A. Marsland
South Third Street
William Hamilton
Tabernacle
L. H. Caswell
Tompkins Avenue
W. G. Giffin
Union
W. P. Estes
Williams Avenue
W. W. Gillies
York Street
Edward Cunningham
East Side Parish
J. R. Henry
A. H. Wilson
T. E. Hubbard
Gaspare Scarlata
John Street
J. W. Johnston
J. B. Hamilton
Queens—Astoria
W. H. Burgwin
Hollis, Smith
Soe
W. L Davison
Long Island City
Alfred Hougetts
Third Church
S.r H. Hough
Maspeth
Alexander McLean
Middle Village
A. ©. Flandreau
Ozone Park
D. O. Osterhelm
Shaw Avenue
G. W. Servis
Whitestone
William Dalziel
Richmond Hill
W. H. Law
Rence
Bayville
Locust Valley
Wileon
Calverton
O. C. Lane
Centrenort
H. €. Kohr
Central Islip
Hauppauge
E. 5. Wright
Cold Spring Harbor
B.S. Jackson
Commack
LT. Stafford
Coram
Middle Island
E. W. Shrigley
G. E. Farrar
East Meadow
M. Buck
East Norwich
A. A. Lathbury
Belden
Mattituck
Jamesport
G. E. Noble
Northport
L. Strickland
Orient
B. C
Pilsbury
Oyster Bay
W. L. Rowman
Port Jefferson
William McNicoll
Port Washington
B. B. Brown
Riverhead
EB. L. Thorpe
Restyn
Searington
P. Almond
A Cliff
L. R. Streeter
Set
Brooklyn South
Bay Ridge
Venson—hurst
W. G. Giffen
Borough Park
H. V. Ross
Buffalo Avenue
Stil
Cropsey Avenue
R. F E. Norton
St Pauls
J. H. Bairchild
Sheepshead Bay
H.by Weston
Sixth Avenue
W. A. Layton
Summerfield
J. E. Holmes
Sumner Avenue
Stockdale
Vanderveer Park
H. D. Trinkaus
Warren Street
A. W Burt
J. BE. Ziebert
Wesley
Rowland Hill
Queens
Morris Park
Frederic Stechler
Springfield
Lewis Amityville
S. Scarborough
Amityville
Simpson
J . Munson
D Bassett
Baldwin
Tucker
Gayport
J. W. Mace
W. D Beach
Bellmore
T. E. Shoemaker
Bellport
S. Gillespie
Blue Point
A. F. Chamberlain
Bridgehampton
A. M. Wilkins
Brookhaven
S. E. Laugeoo
Centre Moriches
K. A. Wood
Easthampton
Joseph
New Haven
W. W. Bowdish
East Pearl Street
E. €. Tullar
Epworth
H. E. Wilson
First
F. T. Browz Grace
Fred Saunders
Hamiltn Plains
Howard Avenue
Gray
Filipgs Amodio
Park Chapel
W. A. Jenkins
St. Andrews
Madison
O. J. Range
Hartford
C. W. McCormick
North Church
Henry Medd
St. Paul's
Ames
South Park
E. A. Dent
Higganum
Haddam
G. A. Bronson
Kensington
Meriden
W. H Kidd
J. P. Wagner
Middleboro
Newton Wright W. S. Manship
Winsted
B. F. Kidder
Woodbury
F. Buckwalter
Yalesville
G. B. Smith
J. E. Adams
Cornell Memorial
J. H. Lockwood
Otto Brand
Eleventh Street
E. L. Fox
F. A. Taglialatela
Second Street
Wilson
Seventeenth Street
Hagarty
Yeneh Street
T. E Hubbard
F. A. Scofield
Thirty-seventh Street
Hoag
Mount Vernon
Asbury
W. I. Reed
Chester Hill
H. H. Sea
F. Bartholow
Rochelle
Nelson Edwards
New Rochelle
St. John’s
Bantam
Woodside
Warren
Bethel
L. M
Lounsbury
Bridgeport
Stratford
West Goshen
W. N. Taft
West Redding
Wingt Westpert
G. E. Bishop
Mercantile Safe Deposit Vaults