Worse Scheme Fails as Bank Liquidation Receivership Moves On
Hanna the receiver for the National Bank of North America reports orders from Deputy Controller to liquidate assets under the Currency act. The Assets Realization Company seeks to pay depositors with interest but minority stockholders contest the plan.
MENTIONED IN THIS ARTICLE
Morse
Hannz
Coma
National Bank ‘America
Assets Realization Company
United States
Uch Association
Che
Sai
Repre- Realization Company
Fursary
Sf Association
Taneets
Hanna Seid
Banks Withdraw From Deposit Guaranty Agreement
Acting Controller of the Kane informs Oklahoma national banks that entering into the proposed agreement on guaranteed deposits is illegal under Section 5 of the Oklahoma statutes. Persistent violation could lead to charter forfeiture. Banks that joined have withdrawn and notified the Wiles Office.
MENTIONED IN THIS ARTICLE
Washington
Aug
Kane
Oklahoma
Con- Wiles Office
Independent Telephone Firms Face Widespread Collapse
Eight years of promised expansion have failed to materialize as independent telephone companies admit they cannot build or pay for plant while showing little profit. Analysts warn the nationwide movement is financially collapsing despite initial assurances.
MENTIONED IN THIS ARTICLE
Cochises
Stock Exchange Deems Knapp Ineligible After Coster Firm Collapse
The Stock Exchange board ruled John M. Knapp ineligible for reinstatement and ordered transfer of his seat, following the failed firm Coster Kupa Co. The action came after the exchange examined the affairs of the firm led by senior member Coster and found the situation not unbusinesslike.
MENTIONED IN THIS ARTICLE
Stock Exchange
John M. Knapp
Coster, Kupa Co
Coster
Newe
Mr. Knapp
Hie
Bank deposits rise as confidence returns in banks
Washington reports show national bank deposits increased by 61.9 million in two months ending July 15. Loans and discounts rose 87.3 million, total resources up 119.4 million, and capital stock up 6.74 million. Officials say these gains surpass Treasury expectations and are among the largest two month increases ever recorded.
MENTIONED IN THIS ARTICLE
Tribune Bureau
Washington
Controller's Office
Treasury Department
Department
Savings Banks Gain in Statewide Report
State Banking Superintendent Clark Williams released July 1 figures for New York savings banks. Total resources reached 1 516 505 210, up 25 744 525 from the prior year, with deposits to depositors at 1 378 232 799, down 16 063 253 and open accounts at 2 719 596, down 21 213. Deposited 364 341 573, down 35 428 828. withdrawn 430 541 716, up 41 032 731. interest paid 30 424 464, up 1 473 561.
MENTIONED IN THIS ARTICLE
Albany
Clark Williams
State Banking Department Today
Central's Tax Payment Reflects $70 Million Earnings
The New York Central & Hudson River Railroad paid the annual corporate tax of $141,652 on gross earnings, indicating more than $70,000,000 in the last year. The tax was due August 1, but delays are common. prompt payment this year avoided penalties deemed costlier than money.
MENTIONED IN THIS ARTICLE
Albany
New York Central & Hudson River Railroad Company
the Central
Fall River Mills Begin Broad Curtailment Across Factories
In Fall River Massachusetts a large scale curtailment goes into effect with major mills closing or reducing operations. Durfee Union Stafford Cornell and several others shut down with possible returns next week. Further cuts expected as mill agents warn of rising curtailment.
MENTIONED IN THIS ARTICLE
Fall River
Mass
Durfee
Union
Stafford
Cornell
Border City, Mechanics, Seaconner
American Linen Company
Flint
Wampanoag, Pocasset and Merchants
Chace
J P Morgan Buys Atchison Bonds For 17 Million
The Atchison Topeka and Santa Fe Railway sold 17 million 4 percent gold bonds to J P Morgan & Co as part of a 36 million issue. The first mortgage covers Belew Cut-off and Pecos Valley lines totaling about 640 miles. A public offer was expected shortly.
MENTIONED IN THIS ARTICLE
Atchison, Topeka & Santa Fe Railway Company
Tribune
J. P. Morgan & Co
Belew
Texico
Rio Puerto
N. M
Atchison
Pacific Coast
Pecos Valley
Pecos
Amarillo
Customs Brokers Incorporate as National Association
The National Association of Customs Brokers was approved for incorporation by Supreme Court Justice Goff. The group seeks to elevate professional standards and integrity among brokers and to assist customs officials in enforcing U S laws while protecting importers and exporters.
MENTIONED IN THIS ARTICLE
National Association of Customs Brokers
Justice Goff
Supreme Court
Custom House
Customs
United States
Pillsbury-Washburn Flour Mills Placed In Receivership
The Pillsbury-Washburn Flour Mills Company is placed under receivership in federal court as stockholders seek to reorganize. C. S. Pillsbury, A. C. Loring, and A. C. Cobb named receivers with a $500,000 bond. five days to file. Company assets exceed $15 million with $9 million debt. operations to continue under receivers to protect creditors and shareholders.
MENTIONED IN THIS ARTICLE
Minneapolis
Pillsbury- Washburn Flour Mills Company
Federal District Court
C. S. Pillsbury
Charles A. Pillsbury
A. C. Loring
Northwestern Consolidated Milling Company
A. C. Cobb
Northwestern National Bank
First National
National of
Second National of
St. Paul
J. S. Pillsbury
Palisade and Anchor
Lincoln
Anoka
Circuit Court
Pillsbury-Washburn Flour Mills Company, Limited
St. Anthony Falls
Mississippi River
Minneapolis Mill Company
Minneapolis and Northern Elevator Company
Great Northern
Inneapolis
Devil's Lake
Fillsbury
Great Britain
Iabor
John Miles Merchant Profile and Bank Failure Notes
John Miles, wholesale millinery dealer at Broadway and East Houston, lauded by supporters including Judge Taft and his own ads. The feature details Miles’s rise from a penniless orphan to a national business figure, his cash system, advocacy, and large White Plains home. Separately, Pillsbury-Washburn Flour Mills faced dividend delays and potential reorganization after financial strain tied to spring wheat speculation.
MENTIONED IN THIS ARTICLE
Judge Taft
Johny Miles
Broadway
Roosevelt
Taft
Miles
New York
John Miles
East
Houston Street
Spring Street
Ireland
Colorado
S P C A July Death Record Highlights Cruelty Shift
The Society for the Prevention of Cruelty to Animals reports 27,597 animals killed in July, a rise of 13,915 from a prior year. William K. Horton notes lack of records since Health Board actions amid rabies fears, while Dr. Walter Bensel cites police orders to shoot dogs.
MENTIONED IN THIS ARTICLE
Society For the Prevention of Cruelty To Animals
William K. Horton
Board of Health
J. C. Fendt
Walter Bensel
Aid of Health
Bensel
Cloakmakers Threaten Strike Over New Wage Demands
The Brotherhood of Cloakmakers committees met at Metropolitan Palace Hall to hear union reports and prepare wage demands. They plan to submit demands early next week with a ten day ultimatum or a general strike potentially involving about thirty thousand cloakmakers.
MENTIONED IN THIS ARTICLE
Brotherhood of Cloakmakers
Metropolitan Palace Hall
East 4Th Street
Herman Grossman
Crank Follows Miss Gould on Kingston Trip
Miss Helen M. Gould was followed by a crank as she traveled from Irvington to Roxbury Delaware County. Her chauffeur drove the man away from the Roxbury railroad station amid suspicions he sought financial help.
MENTIONED IN THIS ARTICLE
Crank
Helen Gould
Kingston
Helen M. Gould
Irvington-on-the-Hudson
Roxbury
Delaware County
Gould
London July trade figures show large import, export declines
The Board of Trade July statement records a total drop of 27,173,500 in imports and 33,783,000 in exports. Major import decreases include grain and flour at 10,000,000 and raw materials at 12,500,000, while exports fall largely in manufactured goods with wool and cotton fabrics down 17,500,000.
MENTIONED IN THIS ARTICLE
London
Board of Trade
Baldwin Must Pay 2 in Criminal Libel Suit
The case against Brigadier General T A Baldwin U S A retired for criminal libel was settled with an award of 2 damages to B F Harris keeper of the government rifle range at Catoosa Georgia. Baldwin admitted writing the letter but said it was an exchange between officers and Harris had no right to intrude into his personal affairs.
MENTIONED IN THIS ARTICLE
Tribune
Chattanooga
Tenn
T. A. Baldwin
B. F. Harris
Catoosa
Harris
Baldwin
Kerr
Fort Oglethorpe
Hamakua Ditch Bonds Floated for 750000 in London
Honolulu reports that Hamakua Ditch bonds totaling 750000 have been floated in London and advices from there were received today.
MENTIONED IN THIS ARTICLE
Honolulu
London
Great Northern ore docks tied up by Wisconsin strike
Superior reports Great Northern ore docks at Allouez paralyzed as laborers refuse proposed pay raise and quit. With men earning 175 dollars daily refusing to raise to two dollars, the strike risks a wider tie up in the CB ore business if it succeeds.
MENTIONED IN THIS ARTICLE
Superior
Wis
Great Northern
Allouez
C. B
National Travellers Association forms in Milwaukee
The National Travellers Association of America was organized in Milwaukee to press equitable transport rates, baggage allowances, and hotel accommodations. Officers and a 16 member board were chosen with headquarters in Milwaukee. A Navy wireless station will be erected in Prince William Sound, Alaska, linking Fort Gibbon and North Head, Washington for Pacific Coast communications.
MENTIONED IN THIS ARTICLE
Travellers’ Association
Milwaukee
National
Travellers’ Association of America
NAVY
Alaska
Washington
Prince William Sound
Navy Department
Fort Gibbon
Naval Wireless Station
North Head
Pacific
Alaska Military Wireless Telegraph
Bookbinders Strike After Nine Hour Rule Imposed
Corlies Macy & Co on Pearl Street informs workers that nine hour days start August 3 after bowing to eight hour demands. International Brotherhood of Bookbinders President Glockling vows full union resources to win.
MENTIONED IN THIS ARTICLE
Corlies, Macy & Co
Pearl Street
Glockling
International Brotherhood of Bookbinders
International Union
Stepney Spare Wheel Firms Clarified in Letter to Editor
A correspondent rebuts a New York Tribune notice, stating the Stepney Spare Wheel Agency and the American Stepney Spare Wheel Company are separate NY corporations. He notes the American firm, created in 1908, has a $10,000 paid-in capital, serves the Eastern states, reports no judgments or liens, and has no relation to the agency’s earlier internal dissensions.
MENTIONED IN THIS ARTICLE
The
Tribune
New York Tribune
Stepney Spare Wheel Agency
Cilient
American Stepney Spare Wheel Company
Warrant Issued for N G N J Officer Freeman
A warrant is issued in South Orange for Colonel Henry W. Freeman of the 1st Regiment on a grand larceny charge. The indictment, returned September 20, 1906 by New York County grand jury, names Freeman and Frederick L Small with misappropriating 2675 dollars entrusted to Freeman & Small by a Brooklyn client for stock purchases. Freeman dismisses all charges as unfounded and cites his past brokerage firm failure.
MENTIONED IN THIS ARTICLE
South Orange
N. J
Henry W. Freeman
Cregan
New York
Grand
New York County
Freeman
Frederick L Small
Freeman & Small
Brooklyn
Colonel Freeman
Mr. Small
Naval Reserves Start Two Week Cruise From New Jersey
The Prairie and Portsmouth trained ships take the 2d Naval Battalion from Brooklyn and the 34 Separate Division of Buffalo on a two weeks voyage. They will join naval manoeuvres in Gardiner's Bay starting tomorrow. The Brooklyn and Buffalo units sail together, while the Jersey reserves voyage separately from Hoboken, leaving the Manhattan Battalion to operate on its own on the Wasp during summer cruises.
MENTIONED IN THIS ARTICLE
Prairie
Portsmouth
Brooklyn
Buffalo
New Jersey
Gardiner’s Bay
Tompkinsville
Jersey
Hoboken
Manhattan
Wasp
Repairing Noisy Brooklyn Cars
S. W. Huff president of the Coney Island and Brooklyn Railroad Company reports to the Public Service Commission that efforts to reduce noise include overhauling motor and track equipment, renovating car bodies, and tackling sounds along the Franklin Avenue tracks amid resident complaints.
MENTIONED IN THIS ARTICLE
Public Service Commission
S. W. Huff
Coney Island & Brooklyn Railroad Company
Huff
Franklin Avenue
Bankers to Ride in Luxurious Train to Denver Convention
Eastern representatives of the American Bankers' Association will travel to the Denver convention aboard the finest train for the 2000 mile trip. The Pennsy terminal Jersey City departure is 3 35 p m Friday September 25 arriving Denver 5 00 p m September 27. After the event delegates return by special train October 3 via Colorado Springs Kansas City and St Louis.
MENTIONED IN THIS ARTICLE
American Bankers’ Association
Denver
Pennsylvania Terminal
Jersey City
Pullman
New York
Colorado Springs
Kansas City
St Louis
Diamond dealer Solomon Urbach released from jail in brief city update
Solomon Urbach the diamond dealer jailed last October for contempt of court over 340 008 dollars of jewelry from Maiden Lane dealers was released yesterday by Judge Holt Charles M Steinert. A nineteen year old nephew of Magistrate Steinert was arrested for stealing jewelry from Mabel Wilson at 442 West 4th street and was arraigned and discharged in the West Side court.
MENTIONED IN THIS ARTICLE
Solomon Urbach
Ludlow Street
Maiden Lane
Holt Charles M. Steinert
Steinert
Mabel Wilson
West 4Th Street
Crrigan
West Side
August sale notices from major New York stores
Hearn on 14th Street, Bloomingdale on Lexington to Third Avenue, Macy on Broadway advertise August and midsummer sales of blankets, dresses, rugs and home goods. Abraham & Straus in Brooklyn and Stern Brothers on West 20th Street promote specials on women's and children's apparel and related fabrics and accessories.
MENTIONED IN THIS ARTICLE
Hearn
14Th Street
Fifth Avenue
Bloomingdale
Lexington
Third Avenue
59Th
60Th Street
MACY
Broadway
Sixth Avenue
34Th
25Th Street
Abraham & Straus
Brooklyn
Stern Brothers
Also Mentioned on This Page
Hanna
Hust
Gildhoma Banks
Independent Telephone
Xchange
Knapp
Central
J. P. Morgan
Atchison Bonds
Customs Brokers Incorporate
Bic Flour Mills
Pillsbury-Washburn CO
Henry L. Little
C. A
Chicago
Pillsbury-Washburn Company
C. A. Pillsbury
Washburn
South Africa
America
White Plains
Church of the Hour
George A. Zabriskie
New York Produce Exchange
Wall Street
Financial
Horton
Trenton
Thomas Crawford, Jr
Crawford
Great Northern Ore Men
B. Akan & CO
ETON
Batiste and
Batiste and Lace
Jabots
34Th Street
35Th Street
5Th Avenue
Coney Island Line
P. S
City News
New-York
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