Aldrich bill favored by Senate Finance panel
The Senate Finance Committee showed unanimous opposition to credit currency and to creating a central bank of issue at this time. Senator Hansbrough signaling possible support if amendments create a non-bank expert board appointed by the President, while Aldrich proposed central figures from clearing houses in three cities.
MENTIONED IN THIS ARTICLE
Tribune Bureau
Washington
Senate Committee On Finance
Through
North Dakota
Hansbrough
Aldrich
Senate
Secretary of the Treasury
United States
Treat
Treasury Department
Cig
Congress
Central Bank
White House rail conference to discuss pooling law
Washington January 14 notable rail managers plan a January 27 White House meeting with President to press for amending Hepburn tariff pooling provisions and Sherman anti trust rules. Leaders from New York Central Pennsylvania Southern Chicago Northwestern Illinois Central Burlington St Louis & San Francisco and New York New Haven Hartford will attend along with others. They also seek extension to dispose of coal mines under Interstate Commerce law arguing current market conditions would erase value. The Attorney General's decision awaits the meeting.
MENTIONED IN THIS ARTICLE
Tribune Bureau
Washington
White House
Warner
Missouri
C. R. Gray
St. Louis & San Francisco
Gray
Interstate Commerce Commission
New York Central
Pennsylvania
Southern
Chicago & Northwestern
Illinois Central
Burlington
St. Louis
San Francisco
New York
New Haven & Hartford
Beale Seeks Restoration of In God We Trust on Coins
Rep Beale of Pennsylvania introduced a bill to restore the motto In God We Trust to all coins from which it has been omitted and to place it on all coins minted in the future.
MENTIONED IN THIS ARTICLE
Washington
Beale
Pennsylvania
Panama bond dispute sharpens Senate clash with Treasury
Senator Culberson renewed accusations of favoritism in Panama bond awards and pressed for information from Secretary Cortelyou. He cited bids, letters, and an alleged pattern favoring banks over individuals, while Aldrich delayed action. Separately Tillman and Scott proposed reporting on insolvent banks and taxing national banking deposits to reimburse failed depositors.
MENTIONED IN THIS ARTICLE
Tribune Bureau
Washington
Culberson
Secretary of the Treasury
Senate
Panama
Aldrich
Cortelyou
United States
J. H. Edwards
Tillman
Scott
National Banking Act
Internal Revenue
Goethals on Canal Cost and Labor Mix
Washington hearings with Colonel George W. Goethals reveal progress on the Panama Canal, estimating Culebra cut completion in four to five years and labor forces of 30,000 to 40,900 mainly Spaniards, Italians, and West Indian Negroes. He cites a $250,000,000 cap on total canal cost, excluding Panama and Spain purchase sums.
MENTIONED IN THIS ARTICLE
Washington
Panama Canal
House Committee On Interstate and Foreign Commerce
George W. Goethals
Isthmian Canal Commission
Culebra
Waneer
Goethals
Panama
Spain
Blackburn
Canal Zone
Richardson
Alabama
Mr. Blackburn
Colon
Governor Hoke Smith for Taft at Atlanta dinner
At the Atlanta Freight Bureau dinner Governor Smith urged Taft as Republican nominee and backed national legislation to require federal courts to accept railroad commission findings. He denied Georgia’s rail panic blame on reckless bonding unearned dividends and discoveries from insurance and trust probes.
MENTIONED IN THIS ARTICLE
Tribune
Atlanta
Atlanta Freight Bureau
Smith
Taft
Georgia
Mining Exposition Hears Support for New York Event
Washington January 14 The House Committee on Industrial Arts and Expositions heard statements in favor of a proposed mining exposition at Madison Square Garden New York from May 20 to June 2 in 190? The subject was referred to the Secretary of the Interior for consideration and report.
MENTIONED IN THIS ARTICLE
Washington
House Committee On Industrial Arts and Expositions
Madison Square Garden
New York
Secretary of the Interior
Loving Cup for Judge O'Brien in Albany
Judge Denis O'Brien of Water Town received a loving cup from former Court of Appeals colleagues in Albany. Chief Justice Cullen delivered the presentation speech as O'Brien retires after reaching the seventy year age limit on December 31.
MENTIONED IN THIS ARTICLE
Albany
Denis O’brien
Watertown
Court of Appeals
Cullen
O’brien
Payne Answers Attack On Penal Code Bill In House
Washington Jan 14 Republicans and Democrats clash over campaign contribution provisions in the penal code bill. Representative Payne of New York argues delays stem from Democratic opposition and campaign speeches. Amendments on Section 45 and 85 fail as House holds firm, with debate over public policy and wartime vs peacetime needs.
MENTIONED IN THIS ARTICLE
Tribune Bureau
Washington
House
Payne
New York
Congress
Cochran
Goldfogle
Fitzgerald
Williams
Mississippi
DeArmond
Missouri
James
Kentucky
Moon
Pennsylvania
Wilson
Crumpacker
Indiana
Mr. Williams
Webb
Hull
Iowa
Hardy
Texas
United States
Cockran
Messrs. Goldfogle
Buncombe
Sims
Tennessee
Tim
Schauwe Back on Ellis Island Deportation Ordered
Harry Schauwe the Russian bank robber who fled Moscow to New York and escaped Ellis Island was returned yesterday. He avoided deportation via a Washington stay then fled the detention room only to be tracked to Montreal where he altered his appearance before the Russian Consulate raised suspicion. He will be deported, likely on Saturday. He had three thousand dollars.
MENTIONED IN THIS ARTICLE
Harry Schauwe
Moscow
New York
Pretoria
Ellis Island
Schauwe
Washington
Montreal
Capers to stay as internal revenue commissioner
Washington January 14 Pearl Wight of New Orleans said business interests would bar his acceptance of the internal revenue post in succession to John W Yerkes John G Capers who was appointed to serve until Wight decided will continue permanently in the office Capers nomination was confirmed by the Senate last week
MENTIONED IN THIS ARTICLE
Washington
Pearl Wight
New Orleans
Internal Revenue
John W. Yerkes
John G. Capers
Home Insurance Company reports surplus and assets
The 109th semi annual statement shows a policyholder surplus of 10 203 211 27 with cash capital of 3 000 000 a conflagration reserve of 300 000 and a total surplus including capital of 6 703 211 27. Assets include 6 346 700 in railroad stocks and 4 166 430 in railroad bonds.
MENTIONED IN THIS ARTICLE
Home Insurance Company
The
Richmond appoints Edward C Duncan third Seaboard receiver
Edward Carlton Duncan of Raleigh North Carolina was named third receiver for the Seaboard Air Line Railway by Judges Pritchard Boyd and Purnell this after noon. Duncan is a director of the Atlantic and North Carolina Railroad and has served three terms as Raleigh revenue collector, appointed by President McKinley.
MENTIONED IN THIS ARTICLE
Richmond
Edward Carlton Duncan
Raleigh
N. C
Seaboard Air Line Railway Company
Pritchard, Boyd and Purnell
Duncan
Atlantic & North Carolina Railroad
McKin Jey
Army and Navy News From The Tribune Bureau
Washington January 14 Army promotions blocked as Senate delays the Wotherspoon nomination threatening commissions of infantry officers junior to him. Naval affairs discuss Hale personnel bill. several army and contract surgeon orders issued. Warship movements report arrivals at Rio de Janeiro and Guantanamo and ships sailing between Caribbean and South Atlantic stations.
MENTIONED IN THIS ARTICLE
Tribune Bureau
Washington
Senate
Army
William W. Wotherspoon
Wotherspoon
Senate Committee On Naval Affairs
Hale
Committee On Finance
Naval Affairs Committee
Aldrich Financial
Eagle
Guantanamo
Hopkins
Hull
Stewart
Whipple
Lawrence
Arethusa
Pernambuco
Rio de Janeiro
Stockton
Blakely
Navy Yard
Norfolk
South Dakota
Mare Island
Militia Men Elect New National Legislation Agenda
At the tenth annual meeting in Faneuil Hall the National Guard Association endorsed federal oversight to integrate state militias into the regular army, seeking better pay for service and medical corps expansion. Delegates urged Washington action, with plans to press Congress directly.
MENTIONED IN THIS ARTICLE
Boston
National Guard Association of the
United States
Faneuil Hall
James A. Crain
United States Congress
National Guard
Charles Dick
Ohio
Association
Drain
Washington
National Volunteer Militia
Congress
Thomas J. Stewart
Pennsylvania
Nelson H. Henry
New York
F. B. Wood
Minnesota
J. C. R. Foster
Florida
J. B. Lauch
California
Lawrenson Riggs
Maryland
G. M. Cole
Connecticut
Roger D. Williams
Kentucky
W. H. Thrifty
Iowa
Joseph T. Armfield
North Carolina
Otis Hamilton
Washington, D. C
J. W. Hughes
Kansas
Charles J. Anderson
John D. Frost
Columbus
D. C
Los Angeles
Plan to Expedite Pension Bills in Senate
Washington January 14 The Senate Committee on Pensions adopted a plan to speed private pension bills by forming each week's 100 to 150 favorable claims into an omnibus bill. This replaces reporting them individually and aims to save time and money by disposing of all favored claims by one act.
MENTIONED IN THIS ARTICLE
Washington
Senate Committee On Pensions
Senate
James Stillman Sails for Europe on Lusitania
James Stillman, president of National City Bank, sailed on the Lusitania last Saturday for his annual European vacation. He will likely be away at least two months.
MENTIONED IN THIS ARTICLE
James Stillman
National City Bank
Lusitania
Europe
Governor Guild Urges Tariff Revision at Shoe Makers Dinner
Massachusetts Governor Curtis Guild told the National Association of Boot and Shoe Manufacturers that tariffs should be revised after the next national election to serve common sense and national interests. He backed free coal and beef, lower wool duties, and reform of duties on hides, arguing protection protected industry but illogical duties hurt all. The address followed by remarks from Marcus M. Marks and others at the Hotel Astor during the annual convention led by President John H. Hanan.
MENTIONED IN THIS ARTICLE
Curtis Guild
Massachusetts
National Association of Boot and Shoe Manufacturers
Hotel Astor
Congress
United States
Guild
New England
Marcus M. Marks
National Association of Clothiers
William H. McElroy
Nehemiah Boynton
John H. Hanan
Department of Commerce and Labor
Hanan
Bank Presidents Back Knickerbocker Plan to Reopen
Five leading bankers including James Woodward and Robert Galloway endorsed the Knickerbocker Trust reorganization plan. Their letter urges prompt assent to resume business for the benefit of over seventeen thousand depositors and broader community confidence, arguing liquidation would be less favorable.
MENTIONED IN THIS ARTICLE
Knickerbocker Trust Company
James T. Woodward
Hanover National Bank
Robert M. Galloway
Merchants’ National Bank
Stephen Baker
The
Manhattan Company
Valentine P. Snyder
National Bank of Commerce
New York
Dumont Clarke
American Exchange National Bank
Two Views of Reardon See-Saw Between Police and DA
Police Commissioner General Bingham and District Attorney Jerome clash over Edward Reardon the former county detective as both sides insist there is no department rift. Jerome says unity remains, while Bingham notes independent action and investigates rumors of crooked cops and crooks in the DA’s office. Reardon is moved to outlying posts as transfers widen.
MENTIONED IN THIS ARTICLE
Bingham
Jerome
Edward Reardon
Reardon
Criminal Courts
General Bingham
Tenderloin
East Side
Wasserman
District Attorney's Office
East 88Th Street
Alexander Avenue
Lang and Johnson
East 1Ti Street
Rockaway
O’brien
Aumber
Othe Patriates
Staten Island
Hand
Corrigan
Mercer Street
Smyth
Hon
Tombs
County
Also Mentioned on This Page
Fowler Credit
Hoke Smith
Railway Commission
Judge O'Brien
Seaboard
VIA
A. A
C. Studds
Fifth Avenue
Army and Navy News
Francis J. Ives
Frederick Hadra
San Antonio
Philippines
Madison Barracks
Charles W. Cullen
Fort Sam Houston
Fort Ontario
Charles C. Pierce
Corps of Engineers
NAVY
F. L. Sawyer
New_York
C. B. Barnes
Pensacola
E. & Jackson
E. C._S._ PARKER
J. Downes
F. W. McNair
Kibbee
C. C. Moses
Navy Department
Osceola
Key West
Louisiana
Vermont
Virginia
New Jersey
Rhode Island
Maine
Illinois
Manhattan Life-Insurance Company
Henry B. Stokes
Corbue’t
Oo Psi
Policy Reserve
New York Insurance Department
All Liner
Contingent Reserve Fund
Manhattan Life Insurance Company
Walter C. Stokes
Edward S. Rapallo
Simeon Ford, Alfred Skitt
Gen. Dick
GOV. Guild ON
Knickerbocker
Bank
Indorse
Mr. Jerome
Crooks
Corn Products Mfg. CO
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