Finance Law Senate Currency Plan Emerges
Washington December 31 finance legislation moves toward a drafted emergency currency bill to be reported by the Senate Finance Committee in January. The plan envisions a national bank issue secured by bonds, taxed at 7 percent, with a total cap of 100 million dollars. Eight sub-treasurers would advise the Treasury on bank eligibility, and collateral scope may extend to state and municipal bonds, with debate over industrial securities and possible federal deposit guarantees. House prospects favor Senate action, while Fowler bill paths loom in the House, and committee reorganizations remain possible to align with the executive branch.
MENTIONED IN THIS ARTICLE
Washington
Senate Committee On Finance
Senate
House
United States
Secretary of the Treasury
Finance Committee
Committee On Banking and Currency
Cannon
Fowler
Fechler
Druce Case Action Postponed After Conference
London December 31 George Hollamby Druce counsel for the prosecution in the Druce case in conference today to discuss the situation and possible future action. A decision was postponed until next Saturday when reports from the grave opening of T C Druce will be considered.
MENTIONED IN THIS ARTICLE
G. H. Druce
London
George Hollamby Druce
Druce
T. C. Druce
Taft to Speak in Cooper Union in near future
Charles Bproque Smith of the People's Institute announced that William H. Taft would address Cooper Union under the institute's auspices in the near future. Provisional plans place the Secretary of War on an January evening. Taft arrived in Millbury Mass spent the day with his aunt Miss Della Torrey before departing for Washington without a New York stop.
MENTIONED IN THIS ARTICLE
Charles Bproque Smith
People's Institute
William H. Taft
Cooper Union
Institute
Secretary of War
Mr. Taft
Millbury
Mass
Della ©. Torrey
Washington
New York
Japan proposes emigration limits to reconcile with U S
Tokyo reports to Washington a friendly memorandum on future emigration restriction. Japan accepts some U S suggestions while outlining stricter controls to prevent labor migration. Officials say mistakes were made and aim to strengthen administration to avoid friction and preserve relations with America. A Japanese official notes it matters not who controls emigration as difficulties arise in administration.
MENTIONED IN THIS ARTICLE
Tokio
O’brien
United States
Japan
Associated Press
America
Washington
Foreign Office
Canada
Vancouver
First Riot Of Year Leaves Officer Wounded In Melee
Riot between white and Black men near 53d Street and Eighth Avenue injures Patrolman Thomas Hayden and about twenty others. Hayden is stabbed five times while attempting to quell the brawl as roughly 100 Black and 70 White participants fight for about half an hour. Several injured seek treatment at Roosevelt Hospital as reserves disperse the crowd.
MENTIONED IN THIS ARTICLE
Eighth Avenue
Thomas Hayden
West 47Th Street
53D Street
James Barron
Hayden
Roosevelt Hospital
Receivers for Electric Road in Chicago Charged
Judge Tuthill appointed receivers for the Chicago and Milwaukee Electric Railroad Company and allied firms after stockholder Charles J. Monahan filed a fraud charge. A. C. Frost, president, is alleged to have gained control. Carter H. Harrison Gordon Ramsay and Charles Dawes named as receivers for the 75 mile line and related Illinois and Wisconsin corporations.
MENTIONED IN THIS ARTICLE
Chicago
Chicago & Milwaukee Electric Railroad Company
Allied Corporations
Tuthill
Cook County
Charles J. Monahan
Monahan
A. C. Frost
Carter H. Harrison
Charles*. Dawes
Gordon Ramsay
Chicago & Milwaukee Railroad Company
Chicago & Milwaukee Sectric Railway Company
Ilinois
Wisconsin
Ship Company Default Stirs Reorganization Talks
Consolidated Steamship Company defaults on January interest for 60 million dollars of 4 percent collateral trust bonds. Despite solid earnings, earnings funded new ships under construction. Charles W Morse organized the company via merger of his controlled lines. Bondholders' protective committee weighs reorganization, with a six month window to redeem the missed interest awaiting bondholder input.
MENTIONED IN THIS ARTICLE
Consolidated Steamship Company
Charles W Morse
Explosion Hits Rome Stock Exchange in Ancient Temple
A massive blast at the Temple of Neptune, now housing Rome’s Stock Exchange, injured about twenty people and collapsed the roof. Officials suspect a gas explosion, though no conclusive cause or bomber is identified. hundreds of brokers had traded millions before the event. Firemen, police, and troops managed crowds as injured were rushed to hospitals.
MENTIONED IN THIS ARTICLE
Rome
Neptune
Hadrian
Agrippa
Stock Exchange
St. Peter's
the Stock Exchange of
Piazza di Pietra
Innocent
City Health Report Shows 1907 Deaths Rise Over 1906
Health Department figures for 1907 report 79 205 deaths with a rate of 18.43 per 1000, up from 1906. Increases stem from population growth and rises in typhoid fever influenza and heart disease, while measles and diphtheria declines offset some losses. Births reached 122 636 and marriages 51 097, with birth rate 28.15 per 1000 and marriage rate 11.2.
MENTIONED IN THIS ARTICLE
Health Department
Thomas Darrington
Bright
Department of Health
London
Paris
City of
New York
Wall Street
Pr. Guilfoy
Grip
Harden V Moltke libel case hearing resumes in Berlin
Berlin December 31 hearing of the Harden von Moltke libel suit resumed with Count Kuno von Moltke affirming his resignation from the army Harden faces possible four months imprisonment proposed by State Attorney Isenbiel The defence contends Harden spoke truth and seeks acquittal adjournment set for next Thursday for Harden to present his defense
MENTIONED IN THIS ARTICLE
Berlin
Harden-Von Moltke
Kuno von Moltke
Harden
Die Zukunft
Isenbiel
Count von Moltke
Herr Bernstein
von Elbe
Prince von Bismarck
Liebenberger
Professor Schweninger
von Moltke
Tolstoy Injured In Horse Accident
St. Petersburg reports Count Leo Tolstoy was thrown by a stumbling horse and dislocated a shoulder. Despite advanced age, he is making a rapid recovery.
MENTIONED IN THIS ARTICLE
St. Petersburg
Leo Tolstoy
Girl Vanishes After Note Hints At Suicide
Police search for Elvira Prescia sister of Enrico Prescia wealthy real estate dealer. She left home for a walk and sent a note expressing weariness of life. Parents fear she may have drowned herself in the river. Cappuzzo alias Charles Davis convicted of second degree murder for Sophie Kehrer’s death at 475 West 22d Street. sentenced to 20 years to life.
MENTIONED IN THIS ARTICLE
Elvira Prescia
Enrico V. Prescia
Nassau Street
West 116Th Street
Station N
44Th Street
Madison Avenue
Prescia
Giuseppi Cappuzzo
Charles Davis
Sophie Kehrer
West 22d Street
Foster
Court of General Sessions
Cornell Glee at Waldorf for New Year’s Eve Concert
More than a thousand Cornell students alumni and spouses attended the Cornell University Glee Banjo and Mandolin clubs concert at the Waldorf Astoria. The hall was full with encores for eleven numbers and songs including Alma Mater and the Alumni Song sung by the Glee Club. Afterward a smoker at the Cornell Club followed the concert and many stayed for New Year’s dinner. This is the clubs annual Christmas trip with a Wilmington Del concert tonight.
MENTIONED IN THIS ARTICLE
Cornell
Cornell University
Waldorf-Astoria
R T. Holloway
Glee Club
Cornell Club
the Waldorf
Wilmington
Del
Frederick Willis
J. C. Westervelt
Guernsey Price
A. Lazo, Jr
Man Sent to Sanford Hall After Bellevue Committal
John V. Rhoades, committed to Bellevue last Sunday by Magistrate Barrow in Jefferson Market court for sanity examination, was sent yesterday to Sanford Hall Asylum Flushing Long Island. He was arrested last Saturday in the Hotel Imperial barber shop for a quarrel with another customer.
Army and Navy News Summary of December 31
Army orders issue transfers from Fort Bayard to Fort Apache and California pending unit arrival. Navy reports ship movements including the Marietta at Livingston and Puerto Cortez, the Tennessee and Washington at Magdalena Bay, Arethuss at Para, and Marcellus at San Juan with several arrivals and departures around December 26 to 29.
MENTIONED IN THIS ARTICLE
Leslie R. Groves
14Th Infantry
General Hospital
Fort Bayard
Fort Apache
Augustus B van Wormer
Th Infantry
Department of California
San Francisco
Navy Department
Marietta
Livingston
Puerto Cortes
Tennessee
Washington
Magdalena Bay
Eagle
Guantanamo
Arethuss
Para
Marcellus
San Juan
Puerto Cortez
Anduras
Guatemala
Dee
Pichilinque
Cooke to Return East After Disappearance
Rev Jere Kaede Cooke and his companion Floretta Whaley with their baby were found in San Francisco and staying with a friend. Cooke said he will return East as soon as he can raise funds and arrange matters to marry Whaley. the grandmother of Whaley is expected to send funds.
MENTIONED IN THIS ARTICLE
San Francisco
Jere Kaede Cooke
Floretta Whaley
Cooke
Miss Whaley
Bonds for listing by Brooklyn Rapid Transit Company
At the request of the New York Stock Exchange stock list committee, the Brooklyn Rapid Transit Company and its subsidiaries seek listing of several aged mortgage bonds. Issues include Brooklyn Queens County Suburban first mortgages issued 1894, 3.5 million. consolidated bonds issued 1894 to 1901, 629.0? thousand. 1901 first mortgage bonds 375,060. and Brooklyn City Railroad consolidated bonds issued 1893, 1,260,000. All are inactive but now sought for listing per committee wish.
MENTIONED IN THIS ARTICLE
Committee On Stock
New York Stock Exchange
Brooklyn Rapid Transit Company
Brooklyn
Queens County & Suburban
Brooklyn City Railroad
Also Mentioned on This Page
Finance Law
Tribune Bureau
Speaker Cannon
Taft
West Side
Selestin
Guaeaeee
Tolstoy
Waldorf
Rhoades
Flushing Asylum
Army and Navy News
West Point
Akman & G
Séth
25Th Street
5Th Avenue
Per Doz
California
Silk Street
3Th Street
5Th Avew
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