Trust Companies Consider New Clearing House Membership Terms
The New York Clearing House Association voted to admit trust companies with at least a 25 percent cash reserve. A proposal to allow 15 percent reserves as associates was postponed for Albany legislation. The rule requires trusts to maintain a 20 percent reserve in their vaults, with associate members paying 1,000 dollars annually and lacking voting rights.
MENTIONED IN THIS ARTICLE
New York Clearing House Association
Albany
Clearing House
State of
New York
Clearing House Association
Hughes
Clark Williams
Tribune
Stearing House
Security Oil Company in History of Standard Oil Hearings
Government lawyers pressed questions on Security Oil Company of Beaumont Texas linking to Standard Oil. Witness Howard Bain could not confirm balance sheet similarities or confirm all Security output went to Standard. C W Burtis admitted no crude pumped to Bayonne terminal for other customers in 1894 and 1906. George Chesebro pledged documents on pipeline separations at state borders after Hepburn act. Separate notes cover Calhoun, New Jersey, and interstate carrier rules amid intrastate focus.
MENTIONED IN THIS ARTICLE
Standard Oil Company
Messrs. Kellogg and Morrison
Security Oi Company
Beatmont
Tex
Standard
Howard Bain
Security
C. W. Burtis
Tidewater Oil Company
Bayonne
Siandere
George Chesebro
Cortratter
New York-New Jersey
Pennsylvania-New Jersey
Penwanta-Maryland
Standard of New Jersey
Christian Dredger
Statistical Department
Kellecz
Loom fixers strike at Bigelow Carpet mills in Lowell
Sixteen loom fixers in Axminster and ingrain departments of the Bigelow Carpet Company strike after asserting non union workers were filling positions. Nearly all mill employees are now laid off.
MENTIONED IN THIS ARTICLE
Lowell
Mass
Axminster
Ingrain
Bigelow Carpet Company
Pathé Freres Incorporation Licensed in Illinois
Secretary Rose of the Brevet Department issued a license to incorporate in Illinois today to Pathé Frères of Jersey City with capital stock of 1,000,000 dollars. Headquarters Great Chicago.
MENTIONED IN THIS ARTICLE
Tribune Sprinefield
Rose
Brete Department
Ilinois
Pathe Frées
Jersey City
Great
Chicago
Citizens' Telephone Co of Botaria Placed in Receiver’s Hands
Cincinnati Jan 12 The Citizens Telephone Company of Botaria Clermont County went into the hands of a receiver today The capital stock is 8154 000 In the application for relief made by stockholder W Guy Jones it was stated the company is 211 900 in debt and business was being conducted with bad debts
MENTIONED IN THIS ARTICLE
Ciminnati
Citizens’ Telephone Company
Botaria
Clermont County
W. Guy Jones
Maclay & Co suspend amid Thomas family financial troubles
Robert Maclay & Co, members of the Stock Exchange with offices at 71 Broadway, suspend after Orlando F. and Edward R. Thomas large customers face liabilities around 1.5 million. The firm expects a quick resume, with assets heavy in Thomas-connected stocks and bonds. No market impact reported.
MENTIONED IN THIS ARTICLE
Robert Maclay & Co
The
Stock Exchange
Broadway
Orlando F
Edward R. Thomas
Harold H. Weekes
Columbia
Alfred B. Maclay
Robert Maclay
Thomases
Western Ice Company
Knickerbocker Trust Company
Provident Life
Thomas-Heinze-Morse
Messrs. Thomas
McBurney
Knickerbocker
Maclay
Thomas, Maclay & Co
Thomas Brokers
Bank Leader Says Prior Management Caused Loss
William Allison, succeeding Orlando F. Thomas as president of Consolidated National Bank, declares in a signed memo to stockholders that former management caused a 24000 loss written off to profit and loss per U S Controller guidance. He claims he has achieved more in two and a half months than predecessors in five years.
MENTIONED IN THIS ARTICLE
William
Allison
Orlando F. Thomas
Consolidated National Bank
United States
Knickerbocker Trust Plan Gathers Strong Depositor Support
The Knickerbocker Trust restoration moves forward as over a million dollars in assent comes from small depositors. A committee mails notices to non assenting parties outlining plan benefits and urgent action. Brackett backs the plan noting client consent and urging acceptance over receivership for better depositor outcomes.
MENTIONED IN THIS ARTICLE
Knickerbocker Trust Company
Henry ©. Frick
Myron T. Herrick
Lewis C. Ledyard
Brackett
G. F. Harvey Company
B and O Faces Delayed Move on Chicago Terminal Purchase
The Baltimore and Ohio Railroad may lose the chance to secure the Chicago Terminal Transfer Railroad if funds remain unavailable. Minority stockholders seek more time to raise 1.623 million dollars needed to close the 65 000 shares at 25 dollars each, with a protective agreement sought to safeguard their interests.
MENTIONED IN THIS ARTICLE
Baltimore & Ohio Railroad
Chicago Terminal Transfer Railroad Company
Baltimore & Ohio
Southern Railway to cut executive pay by ten percent
President Finley announced that due to declining business and revenues the Southern Railway Company will reduce pay by 10 percent for the president, vice presidents, general officers, and their office staff, effective February 1.
MENTIONED IN THIS ARTICLE
Washington
Finley
Southern Railway Company
Norwalk Steel and Iron Co Bankrupt Petition Filed
Creditors in Toledo petition the United States Court to bankrupt the Norwalk Steel and Iron Company of Norwalk Ohio. They allege debts totaling 709000 and insolvency. Officers are accused of transferring assets to the American Steel and Iron Company of New York and Charles R Brown of Yonkers NY to delay settlements and defraud creditors.
MENTIONED IN THIS ARTICLE
Toledo
Norwalk Steel and Iron Company
Norwalk
Ohio
United States
Norwalk Company
American Steel and Iron Company
New York
Charles R. Brown
Yonkers
XN. C
Railroad to Test Eight Hour Law
Milwaukee January 13. District Attorney Francis B. McGovern filed a criminal action against the Chicago Milwaukee and St Paul Railway Company alleging a telegraph operator worked more than eight hours. The action seeks the eight hour law fine of 100 dollars and questions the law's constitutionality.
MENTIONED IN THIS ARTICLE
Milwaukee
Chicago, Milwaukee & St. Paul Railway Company
Francis B. McGovern
St Paul Coast Extension Makes Rapid Progress
A. Miller, general passenger agent of the Chicago Milwaukee and St Paul Railway, reports coast extension progress. Sunday service began to Marmarth North Dakota and local service between H之LEWton and Musselshell Montana. Trains may run between St Paul and Butte by May with the line extending to Seattle early in the year.
MENTIONED IN THIS ARTICLE
Butte
Seattle
Denial by Mr De Forest on rate act postponement
Robert W. De Forest vice president and general counsel of the Central Railroad of New Jersey denied reports that coal roads asked the Attorney General to delay enforcing the Hepburn act commodity clause requiring coal lands disposal by May 1. He urged prompt constitutional ruling by the courts. Washington Jan 13 Senator Tillman’s resolution directing the ICC to report on railroad stock ownership and competing traffic was passed.
MENTIONED IN THIS ARTICLE
Robert W. de Forest
Central Railroad of
New Jersey
Washington
de Forest
Tillman
Interstate Commerce Commission
Senate
Aldrich
No Private Capital for Subway Extension to Williamsbridge
Commissioner Eustis of the Public Service Commission told a Williamsbridge delegation that city funds cannot finance the West Farms to Williamsbridge extension and private capital would be hard to secure. He urged attending Friday’s hearing for amendments to the law and noted Westchester interests had backed the Broadway Lexington Avenue line, with a Westchester branch, reducing opposition to Williamsbridge.
MENTIONED IN THIS ARTICLE
Eustis
Public Service Commission
Williamsbridge
West Farms
Westchester
Lexington Avenue
Westchester District
Plans for Permanent Tenants Union Formed by Socialist League
The executive committee of the Anti-High Rent League of the Socialist party met at 165 Henry Street to discuss a permanent Tenants Union. The plan envisions district unions uniting Harlem, Bronx, Brooklyn and Manhattan tenants with Meyer Gillis to form a coordinating committee and pursue organized rights against landlords.
MENTIONED IN THIS ARTICLE
Tenants’ Union
Harlem
Bronx
Brooklyn
Manhattan
Anti-High Rent League
Socialist Party
Society
Henry Street
Meyer Gillis
Gillis
Judson Named Receiver After Italian Banker's Bankruptcy
Charles N. Judson filed a $16,000 bond to act as receiver for Emanuel Ferrara who yesterday filed a voluntary bankruptcy petition in the U.S. District Court. Ferrara shows debts of $59,622 and assets of $37,377 including bills, notes, cash, stock, and household goods. Creditors include North German Lloyd Steamship Co and Ludwig Baumann & Co, with nearly 1000 Italian depositors holding claims up to $1,900 each.
MENTIONED IN THIS ARTICLE
Charles N. Judson
Emanuel Charg Jr. Ferrara
East 13Th Street
United States District Court
North German
Lloyd Steamship Company
Ludwig Baumann & Co
Af Security
Wisconsin Central United States Steel Deal Denied
W A Bradford president of Wisconsin Central and T L Chadbourne Jr chairman of the board said no negotiations were pending for the sale of the Wisconsin Central Railway. United States Steel officials stated they knew nothing of any reported purchase.
MENTIONED IN THIS ARTICLE
Wisconsin Central Railway
United States Steels
W. A. Bradford
Wisconsin Central
T. L. Chadbourne, Jr
United States Steel Corporation
Bankruptcy Petitions Filed Against Several Firms and Individuals
Involuntary petitions were filed in federal court against Moses Sorkin of 0 White Street and Christ Paraskevopoulos florist of Avenue A. Creditors include Gilbert Manufacturing, Sherman & Sons, Wa con, Halstead, Berenbaum, and Roethlisberger. Receivers appointed for Levine and Shapiro. assets and debts itemized for Chegwidden Obimeyer, Morris Trapane, and others with major creditors such as Derbyshire Coffee and Allen Tobacco. Assigned for benefit of creditors to Frank Silverman Resenberg and Greenbers.
MENTIONED IN THIS ARTICLE
Moses 0. Sorkin
Allis
White Street
Gilbert Manufacturing Company
Sherman & Sons Company
W. B. Conrad
Emil E. Fuchs
Christ Paraskevopoulos
Avenue A
Halstead & Co
Samuel Berenbaum
Roethlisberger
aManad
Marcus Helfand
Broadway
Chester T. Neal
Philip Levine
Julius Shapiro
Levine & Shapiro
Washingley
Weisman & Bro
Bernard Biscow
S. Cohen
Chegwidden & Obimeyer
Charles Colburn
Derbyshire Coffee Company
Morris J. Trapane
Allen Tobacco Company
R. G. Sullivan
Wiliam
Louis Salkin
No. S& Hester Street
Frank E. Silverman
Philip H. Resenperg
Samuel Greenbers
Also Mentioned on This Page
Trust Companies
Security Oil CO
Senator Crane
Paper Company
Pittsfield, Mace
Zenas Crane
Senator Cone
Frederick G. Crane
Dalton
Exton-Burlbut Paper Company
Pittsfield Wien
Exton, Crane & Pike Paper Company
Transportation CO
Bosten
Roebert Homans
Maine Coast Transportation Company
Maine Point
Cr. 2Nd
Cutler Harbor
Illinois
Telephone Company
BANK
Consolidated
More Knickerbocker
Brackett Inctorses
the Record-Herald
Southern Railway
ASK Norwalk Company
Railroad
ST. Paul Coast Extension
Ocean Steamers
Carte
Martinique B'Way
MR. DE Forest
Subway
Wisconsin
U. S
Ing
Cunard Line
Carmania
Caronia
Madeira
Gibraltar
Genoa
Naples
Alexandria
TNE
Cunard Steamship CO
Boston
Minneapo
Bremen
Seydlitz
Gresiau
Mar Barbarossa
Rhein
Sage
Algiers
Friedrich
K. Albert
Luise
Neckar
Irene
Hoboken
North’ German Lloyd
Martseilles
Hes
Levant
Roy Roumanian
Constanza
Constantinople
Smyrna
North German Lloyd
Oelrichs & CO
Nee
Louis H. Meyer
Walnut St
Phila
RED Star Line
White Star
Southampton
St. Paul
St Louis
Philaisiosia
Paris
Vaderland
Kroonland
Zeeland
Finland
Nitown
Liverpool
Baltic
Celtic Mer
Majestic
Teutonic
Prytonskas
Italy
Egypt
Azores
Cedric
Republic
Whitehall
Battery
Gunard Lines
North River
Queenstown
London
Europe
Mauretania
ALM. Eevee
Lusitania
Fiume
Trieste
Slavonia
Pannonia
Carpathia
Corona Pepis
Vernon H. Brown
State St
Newport
Fall River
Providence
Warren St
Plymouth
New
Norwich
New London
St. Clarkson St
Coe Ee
Maine
NEW Hay Line
New Haven
North Lye
E. R
New Hampshire
Hudson Lin
Newburg and
Poughkeepsie
Pier North River
Railroads
Jersey Central
Philadelphia
Ly. W
Iso
Liberty Rr
Baltimore
Liberty ST
Atlantic City
Long Branch
Asbury Park
Ocean Grove
West
St. Tel
Chelsea
Astor House
Columbus
Court St
Fulton St
Nostrand
Williamsburg
New York Transfer Co
W. G. Rfsler
W.C. Hope
Pass’r
1HIO R. R
Royal Llue Ltd
Royal Ltd
Pittsbur
PITTS
Fittsrl Arg Limited
St.louis
Louisv
Lot Y
NEW_ UNION STATION
Washington, D. C
Greenwich St
Union Square W
Grand St
N. Y
Bureau of Information
B&o R. R
St. Lib
Y St
t.Sam
N.Y
Lakeville & Norf
Barrington
Stockbridge
Lenox
Pittsfield
cGd
Union Sq
Col- Ave
Mad. Ave
Els W
125Th St
Brign
Cé Court St
Nostrand Ave
126Th St
Emigh Valley
Aortlandt and
Desvrusses Sts
Buffalo Expres
Buffalo-Chicago Express
Chricago-Toonto
Canada
Donald
Wigsins Co
Greadway
Itv Estor
Ulars
Iggins Co
HEARN
Fourteenth Street
Fifth Avenue
Einsook
Cambric
Nainsook
Embry
KIRTS
Maslin and
Point de Paris
Torchon
Wallace
Saua
Sasensaandad Cambric
Hampurc
Hamburg
Amerika
P. Lincoln
Moltke
Batavia
Nile
Luxor
Assouan
Hamburg and
Anglo- Am. Nile Co
Cook's
Bermuda
Florida
Cuba
Mexico
Japan
Havana
China
Holy Land
Thos. Cook & Son
Madison Ave
Fifth Ave
Windsor Arcade
New Orleans
OLD Dominion Lime
Old Point Comfort
Norfolk
Portsmouth
Pinner’s
Porto Rico
RED “Db” Line
Pier 11
Wall St. Ferry
San Juan
S.S. Philede
Caracas
Boulton, Bliss & Dallett
Wall G
la Guayra
Puerto Cabello
Curacao
Maracaibo
P. R
S.S. Carac
S. Maracaibo
S. Zulia
Boulton. Bliss & Dallett
General Managers
Wall St
LA Veloce
N’d America
Nord America
Europa
Citta di Torino
Hartfield
Soladi & Co
Riviera
France
Palestine
Turkey
Greece
Lida A. Seely
the. Employment Bureau
West 39Th St
Bryant
Brooklin
Mack's AY
Miss Morrow
Lexington Ine
E. Cor
58Th St
Plaza
Winthrop Employment Bueaur
West Ssth Street
York
Isabel A. Anderson
B. L. Solomon’s Sons
Aeaperne
Paiamas
Madras
Percale
Ct. Damasit
H. S
Lonsdale
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