23 Apr 1901
Page 1
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Newspaper
New York Tribune
Location
New York, New York, United States of America
Date
Apr 23, 1901
Page
1
London reports the new 60 million pound consols loan already subscribed five times over with American interest strong. An American syndicate led by J Pierpont Morgan reportedly applied for 10 million pounds, while British public sentiment shows weariness of South Africa war as private aid wanes.
Peking dispatch reports General Voyron plans to pull ten thousand French troops from China in May while Liu's forces may retreat beyond von Waldersee’s boundary. Antagonism at the court widens amid new anti foreign appointments, Empress Dowager assurances to Tung Fu Hsiang, and debates on revenue plans and indemnities.
Pretoria reports that 106 men with their guns surrendered near Middelburg in the Transvaal Colony. London dispatches show Lord Kitchener stating that British columns have captured 242 prisoners, 248 rifles, ammunition, wagons, and carts since the last report with a few additional surrenders.
Brussels April 22 The Petit Bleu reports Dr Leyds filed a formal protest with the German Foreign Office against arms and gun shipments from Germany to England. The note asserts objections to the ongoing military support and seeks a diplomatic remedy.
Cape Town April 22 Lord Kitchener proclaims martial law districts in Cape Colony residents found armed or aiding the enemy will face court martial and severe penalties. Those acts may include execution. Albert Cartwright editor of The South African News jailed in February for seditious libel. Nothing else as comfortable as New York Central trains.
A St Petersburg dispatch reports renewed Manchurian fighting with Chinese forces entrenched around Moukden. Russian forces under Zerpinsky stormed Kule, taking the ex Governor of Moukden prisoner with casualties. Ongoing activity threatens Moukden and prompts another spring Russian advance.
French Foreign Minister M. Delcasse arrived from Paris on April 22 and will be hosted at a series of dinners in St Petersburg. The Czar will receive him in audience at Tsarskoe-Selo after leaving Paris on April 20.
A Seoul dispatch confirms negotiations for a French loan of 5,000,000 yen for the Northern Railroad from Seoul to Wiju. Interest is 5 percent, customs are hypothecated to the French syndicate, with funds to be supplied by the Russo-Chinese Bank.
Albany April 22 The legislature overrode Mayor Van Wyck vetoes and enacted a revised New York City charter amid party tension. Debate highlighted home rule gains and concerns about the Board of Estimate and Apportionment, with Assembly and Senate votes confirming passage. Governor Odell signed the bill that night.
The Stock Exchange opened the week with 1 188 000 shares sold in two hours and closed at 2 335 366. The two hour record exceeded by 6 000 and the day record by over 180 000. Prices fluctuated violently yet the market absorbed volumes. Union Pacific, St Paul, Missouri Pacific, Pennsylvania, Brooklyn Rapid Transit, Southern Pacific and Amalgamated Copper led moves with varied openings and rallies as traders digested signals of easy money and a continued boom.
Chapter No 466 of the Laws of 1901 was signed into effect as the Secretary of State’s office stayed open past 6 PM to accept the measure.
Mayor Van Wyck plans to name Democrats to six Republican police magistrate posts as terms expire May 1 under old law. The move tests the new city charter that extends terms and makes offices elective. Bristow will resign to serve in Congress. Brenner to join Jurors Commissioner. Republican incumbents protest and seek salaries after protests, likely prompting court action.
Reports from Nashville St Louis Denver Philadelphia Vancouver London Ky summarize Senate bribery charges dropped after testimony, a stabbing death at City Hospital, cyanide found in jail food, a leaking schooner near Delaware Breakwater, the Comox ship aground on the northern coast, and a sheriff posse feuding with Reynolds feudists in Kentucky with no posse injuries.
An American syndicate led by J. P. Morgan & Co and National City Bank has subscribed 50 million pounds of the 60 million pound British consols. Other banks and life companies, including New York Life and Mutual Life, have placed bids for several more millions. The issue is priced at 94.5 percent, pays 2.5 percent interest, and cannot redeem until 1928. Subscriptions close Thursday with 3 percent deposits, and half the loan may be taken in the U S with potential gold exports if allotments surge. National City Bank shipped 1 million in gold aboard the Oceanic for Europe.
London financial circles report the new loan of 3,000,000 pounds has been covered five times, with the subscription list likely to close tomorrow. The premium on the issue rose to 15 16 and then fell to a lower percent.
In London on April 22 largely attended meetings of coal owners miners and shippers denounced the export tax on coal and threatened to suspend the UK coal trade unless it was withdrawn. Shipping of coal resumes based on the Chancellor of the Exchequer’s promise to consider exempting contracts made before the Budget.
London reports that the Rothschild syndicate led by Wernher Belt and Co Sir Ernest Cassel and others took 20 million pounds of the war loan. It is rumored they promised not to sell below a 1 percent premium for a set period.
Havana reports a radical Cuban delegate, Correoso, pressed for American troops to replace native police at registration points in Santiago Province. The Discusion calls the telegram a weapon against independence, implying Cubans cannot govern or enforce laws without US soldiers. Conventions’ work pauses as delegates head to Washington, with many already home. The Overland Limited train ad notes a four day New York to San Francisco journey via multiple lines.
Rumors of Southwestern consolidation under Missouri Pacific gain traction as directors vote to raise authorized stock from 70 million to 100 million. Gold and Gould-linked moves hint at Denver and Rio Grande ties, with a proposed eastward link to Pittsburg via the Chicago and Alton, plus Wabash access and coal region development.
The Controller Color report for the year ending December 31, 1900, filed with the Mayor, runs 286 pages detailing the city’s finances. It highlights a surge in funded debt from $358,104,307.11 on Dec 31, 1899 to $2,389,905,899.39 on Dec 31, 1900, suggesting actual 1900 expenditures reach at least $135,000,000 when permanent improvements bonds are included.
London April 22 Jack Roberts of England knocked out Billy Smith of the United States in the eighth round for the nine stone championship. Smith was taken to a hospital where he remained unconscious at 2 am and his condition was described as critical with fears of fatal injuries.
Jacob Feiler, 38, alleged proprietor of The Klondike at 155 Bleecker Street, and eleven women were arrested in yesterday afternoon raid by Macdougalst station police. Feiler charged with keeping a disorderly house with several women present.
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