Nine Banking Bills Pass Senate in Bank Reform Push
Albany April 16 Senate approves nine of twenty one reform measures from Superintendent Williams including reserve and receivership actions. Debate and procedural clashes marked the session as lawmakers moved three tallying toward the governor with one bill delayed for reconsideration.
MENTIONED IN THIS ARTICLE
The
Tribune
Albany
Senate
Clark Williams
State Banking Department
Grady
Armstrong
Smith
Cohelan
Withera
Chanler
Com
Raines
Armx
Cohaian
Allds
Grac Budge
Haines
Banklis
Davis
TANAL ENGINEERS ANSWER CRITICS
The annual report to the Legislature by the consulting engineers in charge of the barge canal project defends progress and explains that criticism of the work is not justified. It cites length of canal systems at 445 miles and notes engineering surveys and borings, decisions after study, and three calendar years of work.
MENTIONED IN THIS ARTICLE
Stharr
Four Appropriation Bills Introduced by Assembly
Assemblyman Merritt introduced four appropriation bills on April 16 aimed at canal and highway projects. The measures dedicate 696 960 dollars to canal debt payments for the year starting October, 400 dollars to highway sinking funds, and 242 000 dollars for interest on highway debt in the first year.
MENTIONED IN THIS ARTICLE
Atbery
Assemblyman
Merritt
Ebe
Orme
South & Western Compromise Ends Railway Conflict
Asheville April 16 The suit of the Southern Railway against the South & Western over encroachment on the Southern's right of way near Marion North Carolina has been compromised. The injunction blocking the South & Western from construction work at the disputed point has been lifted.
MENTIONED IN THIS ARTICLE
Asheville
N. C
Southam Railway
South & Western
Marion
South & Western Company
Has
Submarine Contracts Left to Navy in Naval Bill
The naval appropriation bill, worth over 200 million, passed 108 to 10 after removing restraints on the Navy Department. It leaves contract awards for eight submarines to the Secretary of the Navy, amid sharp floor exchanges over the Sage boat company and naval policy.
MENTIONED IN THIS ARTICLE
Tribune Bureau
Washington
House
Naval
Secretary of the Navy
Electric Boat Company
Navy Department
Hill
Connecticut
Olcott
New York
Sage Boat Company
Roberts
Massachusetts
Lilley
Knowland
California
Mare Island Navy Yard
John Sharp Williams
Williams
Republican Party
Mississippi
Mr. Williams
Mr. Hobson
Tiberius
America
United States
Interoceanic rail and highway plan discussed by Coombs
Ex congressman William J. Coombs, head of the Municipal Art Society of New York, backs a national ocean to ocean railroad as part of a broader interoceanic transport system. He says a parallel 424 route would allow existing rail and freighter traffic to pass through the Panama Canal, regulating interstate commerce and preventing small roads from being absorbed by large systems.
MENTIONED IN THIS ARTICLE
William J. Coombs
Municipal Art Society of New York
South Brooklyn Savings Institution
Bourke Cochran
Ocean
The
Tribune
Coombs
Congress
Panama Canal
Republican district conventions across states outline unpledged delegates
Salem Massachusetts and several cities report district conventions electing delegates to the Republican National Convention. Uninstructed picks include Charles M. Hoyt and Albert Wittum. alternates William H. Gove and Ralph B. Denen. Other districts name delegates Philips Lee Goldsborough, Dr. Joseph I. France, John P. T. Mathias, William A. Roulette. Conventions endorse Roosevelt administration and Brownsville stand, with varied racial composition noted.
MENTIONED IN THIS ARTICLE
Salem
Mass
Taft
Roosevelt
Charles M. Hoyt
Haverhill
Albert Wittum
Beverly
William H. Gove
Ralph B. Denen
Gloucester
Balisbury
B. A. Guidrey
Opelousas
Walter L Jones
Lake Charles
Chicago
Hoosevelt
Foraker
Brownsville
The Servant In the House Easter Gift Publication
A dramatic work praised as life like and reverent by critics. It presents brotherhood as a real breath ing thing and makes the impossible seem possible. An Easter gift published today.
Hearings on National Civic Federation bill continue
Washington reports detail continued hearings before a House Judiciary sub committee on the Sherman act amendment proposed by Seth Low. Andrew Carnegie supports centralizing authority in the Interstate Commerce Commission while Stephen Towne urges a single commission to study the issue and draft ahead of December session.
MENTIONED IN THIS ARTICLE
Washington
National Civic Federation
Chairmansfield
House Judiciary Committee
Seth Low
Federation
Interstate Commerce Commisad
Commissioner of Corporations
Low
Andrew Carnegie
Carnegie
Interstate Commerce Commission
Henry Towne
Merchants’ Association of New York
Plan to enlist American capital in Manchuria revealed
A Peking rescript allows Tang Shao Yi to grant a loan up to 2090 taels for Manchuria administration. The move targets Boxer indemnity cancellation and aims to rally Great Britain France Germany and Japan to back China. It seeks to curb Japanese aggression, honor the Portsmouth treaty, fund railways, and guard Mongolia amid RussiaJapan contest.
MENTIONED IN THIS ARTICLE
Peking
Manchuria
Tang-Shao-Yi
Monkden Province
United States
China
Great Britain
France
Germany
Japan
Portsmouth
Mongolia
Russia
President Reyes Temporarily Resigns in Colombia
General Rafael Reyes has resigned as President and named Secretary of Finance Angulo to head the government during his absence. He plans a coastal tour to bolster support as unrest grows over what is called the official trusts. The National Assembly is summoned to meet in June. In Panama reports echo Colombia's political tension and possible revolution. Secretary Angulo leads the government in Reyes' absence.
MENTIONED IN THIS ARTICLE
Bogota
Colombia
Rafael Reyes
Republic
Angulo
Panama
Atlantic
Reyes
London underground scheme earns favorable press verdicts
Press figures from The Times The Daily Telegraph The Economist and The Statist weigh the London underground project. They praise Speyer Brothers and allies for financial safeguards while blaming J Yerkes for misjudging London habits and local governance. Critics warn profits depend on London traffic growth and correct management.
MENTIONED IN THIS ARTICLE
London
Times
Speyer Brothers
Daily Telegraph
Financial plan for London tube funds secured
A London dispatch outlines a plan for the Underground Electric Railways Company of London now under receivership. The offer proposes 110 percent in new securities to holders of 32 million dollars in notes, with 490 dollars in 4 percent bonds and 700 dollars in 6 percent income bonds per thousand notes, guaranteed by Speyers and related bankers to cover potential fixed-charge deficits.
MENTIONED IN THIS ARTICLE
Yerkes
London
London & South Western
Great Western
London & North Western
Underground Electric Company
Chicago
Owever
Messrs. Speyer
New
Wall Street
Underground Electric Railways Company of London
Underground
Speyers
Fight Over Jerome Officers Sparks City clash
Police Commissioner Bingham, District Attorney Jerome and Magistrate Corrigan clash over control of officers. Edward Reardon and John Brennan, previously stripped of badges after extortion charges, obtained revolver permits and paid $250 each. Corrigan may investigate the magistrate’s authority amid transfers to Police Headquarters.
MENTIONED IN THIS ARTICLE
Bingham
Jerome
Corrigan
Edward J. Reardon
John D. Brennan
Reardon
Brennan
George McKay
Corrigan’s
Currency Problems Reflect Senate Battle Over Banking Bills
Washington April 16 reports show Representative Fowler and allies shifting to oppose the Aldrich bill after near failure of the Fowler plan. A currency commission bill aims to study U S banking July to January next, with 11 House members, 11 Senate members and 21 citizens. The plan seeks expert findings to inform next session legislation. Bankers push amendments to reduce capital needed for clearing houses and lower initial rates, while opposing half value for emergency currency and other options.
MENTIONED IN THIS ARTICLE
Tribune Bureau
Washington
Fowler
Bank and Currency Committee
Congress
Vreeland
Currency Commission
Banking and Currency Committee
House
Senate
United States
The
American Bankers’ Association
Alfred ©. Crozier
Wilmington
Del
Committee On Banking and Currency
Bankers’ Association
Russian Forces Cross Persian Frontier to Punish Kurds Near Lenkoran
Russian troops from Belesuvar entered Persian territory near the Caspian to punish Kurdish bands after an April clash that cost Russian and Kurdish lives. The advance destroyed several villages as about four thousand Kurds scattered. Frontier residents fear war impacts.
MENTIONED IN THIS ARTICLE
Tiflis
Transcaucasia
Lenkoran
Caspian Sea
Belesuvar
Belesa Petersburg
Fatal snowslide swallows railroad cars in Alberta Canyon
In the Canadian Pacific region near Alberta Canyon in the Ca Mountains a severe snowslide this week swept away cars carrying about forty Japanese laborers. Only five bodies have been recovered with many feared lost.
MENTIONED IN THIS ARTICLE
Calgary
Alberta
Canadian Pacife Railroad
Alberta Canyon
Ca Mountains
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Manhattan
TANAL
Post
Elijah
Mace Dy Poetum Feree] Company
Lim'tet
Beetle Creek
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Mr. Speaker
Bourke Cockran
By Charles Rann Kennedy
Harper & Brothers
MR. Carnegie
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West 18Th Street
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Melville E. Stone
W. Bowne
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John 8. Huyler
George J. Jackson
Elbert H. Gary
Frederick D Grant
Bestia
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London Press
Speyer
the Economist
Amsterdam
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Cook «& Son
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Richmond
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