Heinze and United Copper Panic Ties Bank Crisis to Short Sale
The article traces F Augustus Heinze’s role in a chaotic stock slump at United Copper, with Otto Heinze & Co drawing large broker checks during a suspected short raid. It outlines bank stress at Mercantile National, a pending bankruptcy referee appointment, and Heinze's long career as a Montana copper promoter amid legal battles with Amalgamated Copper, Daly, Clark, and others.
MENTIONED IN THIS ARTICLE
F. Augustus Heinze
Otto Heinze & Co
United Copper Company
Heinze
Amalgamated
Montana
Heinzes
United Copper
Gross & Kleeberg
United Company
Mercantile National Bank
Clearing House Committee
Financial District
Edwin Gould
Mercantile
Holt
Heinze & Co
Alse
Hamilton Bank
William S. Kimball
Seventh National Bank
James D. Fish
Merino Bank
Grant & Ward
Columbia School of Mines
Brooklyn
Columbia
Butte
Marcus Dely
Rossland
British Columbia
Dominion
Northwest
Canadian Pacific Railway
Rarus
William A. Clark
Marcus Daly
Amalgamated Copper Company
Standard Oil Interests
Lewisobns
Clark
Republican Party
American Institute of Mining Engineers
Tilden
Strollers
Larchmont
Seawanhaka
Columbia University
Deutscher Verein
This City
Crescent Athletic
Montana Club
Helena
Silver Bow
The
University
Salt Lake City
St. James
Montreal
Postum Pure Cereals Promote Nourishment and Health
Postum is described as made from pure cereals with no medication and, when prepared per directions, a hearty nourisher and delicious drink. It is promoted as a specific for diseases caused by coffee, supported by trial proof, and linked to the famous Read to Wellville booklet.
MENTIONED IN THIS ARTICLE
Wellville
Grady Attacks Brooklyn Nomination in Supreme Court Row
Senator Grady denounces parts of the Brooklyn vacancy as a partisan place grab while opposing Abel E. Blackmar’s Supreme Court nomination. Democrats decry partisanship as committee action and Senate vote approach.
MENTIONED IN THIS ARTICLE
Tribune
Albany
Abel E. Blackmar
Supreme Court
Grady
Court of Appeals
Brooklyn
Foelker
Fingey
Conners
McCarren
Senate
New York
Davis
Judiciary Committee
Gilchrist
Blackmar
Court of Appeals Denies Motion in Saratoga Gas Appeal
The Court of Appeals denied a motion to dismiss the Saratoga Gas Electric Light and Power Company appeal from a judgment upholding the old state commission of gas and electricity setting prices in Saratoga Village. The court set January 20 for argument.
MENTIONED IN THIS ARTICLE
Albany
Court of Appeals
Attorney General
Saratoga Gas, Electric Light and Power Company
Old State Commission of Gas and Electricity
Saratoga
Public Service Commission weighs Buffalo to Troy route
Albany January hearing on the Buffalo Rochester & Eastern Railroad proposal to build a double track from Buffalo to Troy. Chairman F W Stevens questions impact on canal and rail investments, profitability, and shipper benefits. Hearing adjourned to January 27 as Stevens leaves after learning of his brother’s death.
MENTIONED IN THIS ARTICLE
Albany
Public Service Commission
Buffalo, Rochester & Eastern Railroad Company
Buffalo
Troy
F. W. Stevens
Stevens
New England
Jay T. Stevens
Jamestown
Clinch Named Commissioner to Hear Leary Charges
Governor Hughes appoints ex Justice Edward Clinch to hear testimony on Independence League charges against William Leary metropolitan district superintendent. Clinch will conduct hearings in New York City and report to the governor. He is a former Supreme Court justice and longtime Manhattan lawyer with broad civic ties.
MENTIONED IN THIS ARTICLE
Albany
Hughes
Edward 8S. Clinch
Independence League
William Leary
Clinch
New York City
Leary
Supreme Court
Republican County Committee
Kineh
New York City Baptist Mission Society
Quill, Hardware and
Mount Morris
Baptist Social Union
Municipal Art Society
American Museum of Natural History
Metropolitan Museum of Art
West 1St Street
Manhattan
Fingey Conners in Albany Ahead of Palm Beach Talks
Albany Jan. 7 Fingey Conners Democratic state chairman stepped off here to night en route to Palm Beach for conferences with Senator Grady and Assemblyman Palmer minority leaders in both Houses He spoke with State Committeemen Finucane and Ryan and said the minority in the Legislature is well organized and Democratic prospects are good He declined to discuss possible Governor candidates.
MENTIONED IN THIS ARTICLE
the Tribune
Albany
Fingey” Conners
Palm Beach
Grady
Assemblyman
Palmer
Finucane
Ryan
Ruling Denies Insurance Securities Lending for Bank Deposits
Albany January 7 Superintendent Kelsey of the State Insurance Department ruled against insurance companies lending their securities to banks as a basis for government deposits. He said the law allows only direct investment and would bar hypothecated assets, urging immediate recall of lent bonds.
MENTIONED IN THIS ARTICLE
Tribune
Albany
Kelsey
State Insurance Department
Department
Militia bill amended to meet national guard standards
Albany officials report the emergency bill to align New York State National Guard with U S Army standards will be reported by Military Affairs committees in both houses. Objections to creating three new departmental officers led to an omitted inspector general positions and an ordnance officer from the plan. The commissions and associations urged changes at a Fort Orange Club conference and a joint hearing. Both committees then met in executive session and unanimously voted to report the bill as amended.
MENTIONED IN THIS ARTICLE
Tribune
Albany
National Guard
United States Army
Special National Guard Investigating Commission
Fort Orange Club
Charles F. Roe
Nelson H. Henry
National Guard Association
Olin
Frank Landon
Assemblyman Wainwright
New York Senator Proposes State Commerce Commission
Senator Martin Saxe introduced a bill to create a state commerce commission to study business conditions and propose ways to boost commerce in New York. The three members would be appointed by the Governor with Senate consent and serve staggered terms starting June 1, 1968. They may probe firms, municipalities and state facilities, enter business premises, and compel testimony, with expenses capped at 200 dollars monthly.
MENTIONED IN THIS ARTICLE
Tribune
Albany
Martin Saxe
Senate
New York
Officials Detail Broome County Finances Scandal
Albany reports the final examiners Gale Rockefeller and Austin published a voluminous finding on Broome County finances. Resignations followed including King and Back with indictments against King and Back. The board is faulted for lax audits and illegal half million dollar payments ordered by Back.
MENTIONED IN THIS ARTICLE
Albany
Broome County
Lewis K. Rockefeller
H. Leroy Austin
State Controller’s Department
Martin H. Glynn
David B. King
Jasper Smith
Arthur W. T. Back
Board of Supervisors
King
Back
Commissioner of Supervisors
Public Service Bill Introduced in Albany
Assemblyman Hammond of Onondaga introduced a bill to bring telephone and telegraph companies under Public Service Commission jurisdiction. The measure implements Governor Hughes's recommendations in his annual message to the Legislature.
MENTIONED IN THIS ARTICLE
Albany
Hammond
Onondaga
Public Service Commissions
Hughes
Pharmacy board elects officers at Albany meeting
The State Board of Pharmacy at its annual session elected Judson B. Todd of Ithaca as president, William Muir of New York as first vice president, Herbert M. Groves of Jamestown as second vice president, and Warren L. Bradt of Albany as secretary treasurer. The board is drafting a proposed pure drug bill.
MENTIONED IN THIS ARTICLE
Albany
State Board of Pharmacy
Judson B. Todd
Ithaca
William Muir
New York
Herbert M. Groves
Jamestown
Warren L. Bradt
Woodruff Appeal Heard In Adirondacks Highway Case
Albany January 7 The Appellate Division Third Department heard arguments on Timothy L Woodruffs appeal for a writ of mandamus against James S Whipple commissioner of the State Forest Fish and Game Commission He seeks authorization for a proposed highway to his camp in the Adirondacks The appeal contests Justice Fitts denial of the writ motion
MENTIONED IN THIS ARTICLE
Albany
Appellate Division
Third Department
Timothy L. Woodruff
Republican State Committee
James 8. Whipple
State Forest, Fish and Game Commission
Adirondacks
Supreme Court
Fitts
Missouri endorsement for Taft set for St Charles
The Republican Committee of the 5th Congressional District met in St. Louis and chose St Charles Missouri as the convention site on February 18 to elect two delegates and two alternates to the Republican National Convention in Chicago. The panel endorsed William Howard Taft for the Presidency and backed Senator William A. Warner and Attorney General Herbert S. Hadley for delegates at large.
MENTIONED IN THIS ARTICLE
St. Louis
Republican Committee
Sth
St. Charles
Chicago
William H. Taft
United States
William A. Warner
Herbert 5
Hadley
Thaw Jury Panel Advances as Three More Sworn
The Thaw case jurors edge forward with three sworn as part of the second special panel. Justice Dowling kept court late while peremptory challenges trimmed the box. several prospectives were rejected or excused, including a salesman who feared prejudice and a man who knew Stanford White.
MENTIONED IN THIS ARTICLE
Harry K. Thaw
Stanford White
Victor Dowling
George
Mooreland
Floyd S. Sanford
Maurice Bouvier
Frederick W. Pitcher
John R. Hatchett
Charles Do. Goss
Otto Weiss, Jr
Talesman
George C. Rupprecht
West 149Th Street
Moses Greenbaum
John R. Maginn
No. 1
West 60Th Street
Chicago
Chicago Board of Trade
Thomas L. Cranston
William Street
Fifth Avenue
Nathan Lemleigh
Broadway
Littleton
William B. Taylor
Carl Stone
New York
Philadelphia
Garvan
Charles Taber
Irving Press
Jerome
Thomas H. Magee
Mr. Littleton
Wiliam
Dunne
James E. Conway
West 11Th Street
William E. Brower
Brower
Philip J. Goodheart
John M. Welford
Edward Reardon
Wasserman
Herman November
David Wagner
Kid Twist
Harris
William H. Moeller
Justice Dowling
Moeller
Harry Thaw
Knickerbocker
Criminal Courts
Josiah Thaw
Signal and Control Company
Thaw
Talesmen
Daniel O'Reilly
Charles ©. Goss
West 66Th Street
American Tobacco Company
Conway
John K. Mortimer
William Bailey Faxon
Rembrandt
J. Harvey Wood, Jr
William H. Roberts
Washington Street
Otto Weis, Jr
John Hancock Life Insurance Society
Walter Gillis
Mr. Pitcher
Albert H. Frazier
Fulton
Don” O’reilly
Charles
Metz Seeks Cash to Fund City Projects
At the fifth annual Municipal Engineers dinner in Shanley’s, Controller Metz warned of jail or death risk in seeking funds and pledged not to hold up expenditures. He cited a debt limit barrier, proposed exempt bonds, and potential relief to free tens of millions for subways and docks. Commissioner Hubert Thompson pressed for a municipal asphalt plant.
MENTIONED IN THIS ARTICLE
Shanley
Metz
Hubert O. Thompson
Hughes and La Follette Backed by Direct Nomination League
Philip R. Dillon, secretary of the Direct Nomination League, promotes Hughes and La Follette as presidential timber. A 29th Assembly District postal card survey omits La Follette. a four member committee will tally votes. Initial card lists Hughes Root Cortelyou Foraker Taft Fairbanks Cannon and Knox.
MENTIONED IN THIS ARTICLE
Philip R. Dillon
Direct Nomination League
Hughes
la Follette
Dillon
29Th Assembly
Senator la Follette
New York
Robert M. la Follette
Seth Low
Otto T. Barnard
Marcus M. Marks
John Henry Hammond
Lst
Charles E. Hughes
Elihu Root
George B. Cortelyou
J. B. Foraker
William H. Taft
Charles W. Fairbanks
Joseph B. Cannon
Philander Knox
No Gold All Stock Redeemed From Santo Domingo Venture
A. O. Brown & Co redeemed all Santo Domingo Gold and Copper Company stock sold to clients after discovering the placer field deposits were largely unprofitable. They previously suspended operations and conducted a further probe, choosing to redeem certificates at the original subscription price plus 4 percent interest, with the final certificate presented yesterday.
MENTIONED IN THIS ARTICLE
A. O. Brown & Co
Santo Domingo Gold and Copper Company
United States
Penniless Clown Dies by Own Hand in Atlanta
William Van Dee, a vaudeville star from Chicago, died early today at Grady Hospital after drinking wood alcohol in delirium. He was moneyless and friendless, rehearsing the jokes and songs he had once performed.
MENTIONED IN THIS ARTICLE
the Tribune
Atlanta
William van Dee
Chicago
Grady Hospital
Pay Delays Hit City Police and Fire Departments
About twelve thousand policemen and firefighters face delayed wages as the Finance Department reapportions the payroll. Payments likely won’t be issued before Friday due to needing January 1 payrolls and December fines to fit the current year’s appropriation.
Spirit Cigar Tales and a Flight to Saturn with Miss La Viesta
The article describes Miss La Viesta narrating spirit communications and astral travel from Brooklyn to uptown studios, claiming journeys to Saturn and encounters with J. Pierpont Morgan. She recounts a humorous episode involving a box of cigars and Rhine wine, and notes reporters failing to access proper facilities for her talk.
MENTIONED IN THIS ARTICLE
Vesta la Viesta
Washington
Thayer
Messieurs Martin and Rector
Miss la Viesta
Mise la Viesta
Brooklyn
Saturn
Neptune
Venus
Misg la Viesta
Eliot
J. Pierpont Morgan
36Th Street
Madison Avenue
Wall Street
J. P
Peter Ibbetson
Mr. Morgan
eAnybody
Preservation group reelects officers at annual meeting
The American Scenic and Historical Preservation Society re elected its officers at a National Arts Club meeting in Gramercy Park except for Judge Thayer who retired as trustee. Colonel Henry Sackett praised the society’s work to preserve the Philipse Manor House in Yonkers amid unresolved state funding.
MENTIONED IN THIS ARTICLE
Thayer
The
American Scenic and Historical Preservation Society
National Arts’ Club
Gramercy Park
Henry Sackett
Philipse Manor House
Yonkers
Women’s Institute
Yorkers
Hall
Philipse Manor
Manhattan
Herbert L. Bridgman
Hudson and
Fulton
New Jeresey
Grenock Inn Burns in Berkshire Fire
Fire destroyed the Grenock Inn in the Berkshire region today likely from a defective chimney. Thirty five guests escaped with minimal belongings as many could not dress in time. Loss estimated between 100000 and 108000 dollars with 8700 insured.
MENTIONED IN THIS ARTICLE
Lee, Maas
Grenock Inn
Berkshire
Also Mentioned on This Page
Ted
Saratoga Light
P. S. Board
Superintendent of Elections
Grady, Palmer, Finucane
State Commerce Board
Senator Save
Raps Broome County Finances
Glynn
Pharmacy Board
Woodruff
Missouri
Taft
Charles E. Gremmeil
East 155Th Street
Arthur P. Naething
Seventh Avenue
George W. Cary
Churchill
Pittsburg
William Thaw
H. K. Thaw
Hughes and LA Follette
Wisconsin
Gand St
Spirit
Vesta la Vuesta
Philipse Manor Preservation
Burns
Berkshires