Pendleton says Ashokan contract action lawful
Corporation Counsel Pendleton advised Mayor McClellan that the Board of Water Supply acted within its legal rights by awarding the Ashokan dam contract to MacArthur Brothers Company and Winston & Co. despite not choosing the lowest bid. He states the law does not warrant charges of misconduct or incompetence against the board, and that the case should be dropped.
MENTIONED IN THIS ARTICLE
Corporation
Pendleton
McClellan
Board of Water Supply
Ashokan Dam
Sy Hall
Commissioners of Accounts
Ashokan
Catskills
MacArthur Brothers Company
Winston & Co
John Peirce Company
Corporation Counsel
George B. McClellan
MacArthur Brothers Company and
Uoon
F. K. Pendleton
Mining Companies in Trouble in Portland Maine
Two Maine mining firms with hundred ninety million dollar capital each face receivership. Clark Mining Company, owning Nevada veins, and Boston Ely Development Company, with a Joplin Missouri lead mine, are under court receivers. Gulliver named receiver for Clark. Gulliver and Smith named receivers for Boston Ely. Stockholders allege mismanagement and fraud. dissolution plans pursued for Boston Ely. A new corporation may take over assets. principals mainly New York and Boston figures.
MENTIONED IN THIS ARTICLE
Portland
Maine
Ely
Nev
Joplin
William H. Gulliver
Clark Mining Company
York County Supreme Court
Dire
Boston Ely Development Company
Nevada
New York
Boston
Pocahontas Co Solvent Says Receiver Action Merely Technical
Charles S Thorne first vice president of Pocahontas Consolidated Collieries Co of Vocahontas Va explains that the Lynchburg filing for a receiver was to satisfy Virginia law technicalities and does not affect the company solvency. Proceedings target a real minority claim rather than the company’s finances.
MENTIONED IN THIS ARTICLE
Charles S. Thorne
Pocahontas Consolidated Collieries Company
Vocahontas
Fine Street
Lynchburg
Virginia
Clement
Hamilton Bank Reopens After Receiver Keynote
The Hamilton Bank at 215 West lsth Street and six Harlem Bronx branches reopened after October 24 state order. Judge Botts declared solvency. Superintendent Williams approved the examiners. New president Frank L. Grant said reopening day went well with 1.1 million ready to pay out deposits. Deposits slightly exceeded withdrawals overall by 49,411 while Tremont branch showed a favorable $30,000 surplus. Grant, Ives, and cashier Tor oversaw a 1,000,000 dollar cash and coin transfer to branches.
MENTIONED IN THIS ARTICLE
Hamilton Bank
West Lsth Street
Harlem
Bronx
State Banking Department
Hamilton
Justice Botts
Supreme Court
Clark Williams
Frank L. Grant
Grant
Tremont
Mr. Grant
Ives
Jesse
Tor
12Th Street Bank
Referee's report on Republic savings receivership set for review
Justice Carr in Brooklyn heard argument on confirming Referee Alexander McKinny's report regarding the accounting of Edward G. Riggs and Otto Kelsey receivers of Republic Savings and Loan. McKinny shows receipts of about 234000 and payouts around 250000, with about 54000 assets remaining to be distributed. Arguments centered on additional insolvency costs and proposed fees for officials, with Hasbrouck and Johnson seeking no pay since 1903 and others contending for limited allowances. The case notes stockholders expect a modest recovery. questions arose over compensation for Howell, Goldsmith, and the referee. Carr commented that disbursements have already been large and urged reductions.
MENTIONED IN THIS ARTICLE
Alexander McKinny
Edward G. Riggs
Otto Kelsey
Republic Savings and Loan Association
Justice Carr
Supreme Court
Brooklyn
MecKinny
McKinny
Kelsey and Riggs
Hasbrouck & Johnson
Cacanas
Milton M. Goldsmith
P. Howell
Hasbrouck
Riggs
Rkelsey
Lous Frankel
Job B.ledges
Howell
T. R. Martin
Pennsylvania
Goldsmith
New York
Charles A. Jennings
Knickerbocker Depositors to be Visited for Plan Assents
Herbert L. Satterlee said the Knickerbocker Trust recovery committee will visit forty districts to question non-assenting depositors about the plan of resumption. The names and objections will be brought to the court, while the state Banking Department's stance on certificates and acceptance by institutions remains unsettled and to be determined by the Attorney General.
MENTIONED IN THIS ARTICLE
Herbert L. Satterlee
Satterlee- Parsons Depositors
Knickerbocker Trust Company
Satterlee
State Banking Department
Coal demand cuts boost in bituminous and coke markets
Bituminous coal demand across the country has fallen about half due to reduced manufacturing. Producers anticipate a gradual industry revival as output is curbed and railcar shipments tighten. Coke ovens in Connellsville’s Old Basin drop from 23,890 to 9,024, risking about 40,000 layoffs, while anthracite mines face little curtailment and expect no price changes.
MENTIONED IN THIS ARTICLE
Old Basin
Connellsville
New England Trust Co Placed Under Temporary Receiver
Providence court appoints John R. Hilton temporary receiver as New England Trust Company faces collapse following Union Trust collapse. Hearing set for February 4 to decide permanent receivership. The bank, with 13,932 depositors and resources around 642.84, had 4,754 deposits and 25.75 in savings. Pawtucket branch and several securities holdings listed.
MENTIONED IN THIS ARTICLE
Providence
New England Trust Company
Union Trust Company
New England
William P. Sweetland
John RB. Hilton
Savings Department
Wiliam R. Dunham
Pawtucket
Boston Banking Company
Pawtucket Security Company
Boston Security Company
Worcester Security Company
John McDonald
Westinghouse Plan Moves Forward In Reorganization
The Westinghouse Electric plan, led by chairman James N. Jarvie, reappears with details. It includes a $5,000,000 first mortgage and collateral bonds, and up to $9,469,009 convertible bonds after Jan 1, 1910, with terms in a deed of trust. Holders of various notes may exchange for new bonds with prorated lien rights, and directors will be chosen by committee approval. Deposits open Jan 23 to Mar 1 at named banks. receivers and directors approve, with Kuttn, Loeb & Co. advising on convertibles.
MENTIONED IN THIS ARTICLE
Westinghouse Electric and Manufacturing Company
James N. Jarvie
Tribune
Bankers Trust Company of New York
First Trust and Savings Bank
Chicago
First National Bank of Pittsburg
Westinghouse Company
Kuttn, Loeb & Co
Sheffield CO
Sheffield Coal and Iron Company
E. C. Converse
Bankers’ Trust Company
James Gayley
United States Steel Corporation
Isaac L. Elwood
William M. Douglass
C. William Funk
Virginia
Tennessee
Alabama
Extra dividend on L and N stock sparks curiosity
A 1 percent extra dividend payable in Louisville Property Company stock on Louisville and Nashville Railroad shares drew Wall Street interest. The Louisville Property Company, owner of real estate and manufacturing interests along the L N line, held $56.00 of such stock in its last report. With $60,000,000 L N stock outstanding, the payment equates to $60,000 in property stock, though officials call the move a legal technicality of no real interest. The ex-dividend date passed yesterday. payment is due February 10.
MENTIONED IN THIS ARTICLE
Louisville & Nashville Railroad Company
Louisville Property Company
Wall Street
Louisville & Nashville
Steel official found dead on city sidewalk
Chicago authorities report William Gillies consulting engineer for the Illinois Steel Company was found dead on the sidewalk at South Street and Washington Avenue. Police believe he fell and fractured his skull, the incident occurring today.
MENTIONED IN THIS ARTICLE
Chicago
William Gillies
Illinois Steel Company
Sth Street
Washington Avenue
Skirt Length Chemises and Embroideries Sale
Readable fragments describe a clothing sale featuring Nainsook-yokes of French and German Wallace fabrics plus embroidery trim. Skirts priced to match $2.95, with beadwork and ribbon runs noted as optional. Substantial details are fragmentary and terms imply a catalog-style listing rather than a news item.
MENTIONED IN THIS ARTICLE
H. S
Nainsook
Cambric
Maslin
Musitz
Namsook
Namnanok
Vassar
Also Mentioned on This Page
Missouri
Pocahontas CO
Cunard
Caronia
Ocean Steamers
Madeira
Gibraltar
Genoa
Naples
Alexandria
FRE Cunard Steamship Co., Ltd
Minneapolis
Republic Savings Receivers
Nickerbocker Depositors
Satterlee-Parsons Committee
Receiver For Trust. CO
Providence Institution
Westinghouse Plan
Breslau
Barbaross
Rhein
Zieten
Seydlite
Seydlitz
Buelow
Algiers
Friedrich
K. Luise
Neckar
K. Albert
Br Piers
Hoboken
Northman
Llers
Oelrichs & CO. Nway
N.Y
Louis H. Meyer
Walnut St
Phila
Europe
Kaiser Wilhelm der Grosse Ironprinz Wilhelm Zronprinzessin
Cecilie and
Kaiser Wilhelm Hi
Plymouth
Southampton
York
Philadelphia
St. Louie
St. Pawl
Pier 14
N. BR
RED Star Line
Antwerp
Paris
Zeeland
White Star Lin
Oaknstown
Liverpool
Baltic
Celtic
Oce. c
Adriatic
M.stic
New One
Trey
Egypt
Azores
Cedric
Republic
Broadway Freight Office
Whitehall
Battery
Gunard Lines
Piers River
LIV 2
STOWN
London
Mauretania
Campania
Lusitanitia
Setruria
Lucania
Carmania
Lusitania
Trieste
S.joo H. Brown
State St
San Santi
Havar Nassau
Pol
Kingston
Colon
Puerto _Abello
Guayra
Olland-Amerigalin
Rotterd
Sia Roylogne
U P
Ryndam
Noordam
Statendam
New Amsterdam
Potsdam
Holland-America Line
Bay, N.Y
Porter Rice Steamships
RED “Dp
Pier 11
Wall St. Ferry
San Juan
S.S. Caracas
S.S. Philadelpia
Boulton, Bliss & Dallett
General Managers
Wal! St
Puerto Cabello
Seian
Iinakeoentro
Curacao
P. R
S._Philadelp
Maracaibo
Be. Bees
Wall St
Laveloce
Europa
Clitta di Torino
Nord Ama Fca
Acape
Hartfield, Soladi & Co
Clark
The
Orient
Srixet
F. C. Clark
Times Bidg
Sellew
Fulton St
Uptown
Broadway
6Th Ave
Hamburg
P.lincoln
Moltke
Oceana
Tours de
Cook
Bermuda
Florida
Cuba
Mexico
Japan
St.age
Ilavana
China
Holy Land
Thos. Cooz & Son
Madison Ave
Fifth Ave
Windsor Arcade
Cook's
Southern Pacific
NEW Tore
New Orleans
Louisiana
Texas
L. H. Nutting
Fall River
Reoveen
Newport
Pier 19
North River
Warren St
Plymouth View
Orchestra
Irwich
New London
St. Lt
Ft. Clarkton St
Ft. E
Marne
Kestes W. Chapin
NEW Haven Line
New Haven
North Pier
E. R
New Hampshie
Central Hudson Line
Newrburg and
Poughkeepsie
Fier
NEW Jersey Central
Liberty ST
Baltimore
Washington
Ly. W
Atlantic City
Ur. W
Lakewood
Lakeburst
Long Branch
Asbury Park
Ocean Grove
West 234
Chelsea
Astor House
Fifth
Union Square
Third
West 125Th St
Columbus
Court St
Nostrand
Williamsburg
New York Transfer Co
W. G. Besler
W_ Co
Hope
Mer
Pass
Chio R. R
Baltimore & Royal
Si’pers
Royal Ltd
Pittsburg
Cleveld
St.louis
Louis V
St.louis. Louis Cin
Louisv
NEW_ UNION STATION
Washington, D. C
Greenwich St
Union Square W
Grand St
N. Y
Bureau of Information
R. R
St. Lib'y St
Sprd
Lakeville & Norf
Gt. Barrington
Stockbridge
Lenox
Pittsfield
cGd
Union Sq
Sth
Col- Ave
Mad. Ave
125Th St
B’klyn
Nostrand Ave
128Th St
Leigh Halley
Buffalo Express
Chicago Express
DLA Ond
Toronto Express
Buffalo Train
Ficket
Mnearn
Fourteenth Street
Fifth Avenue
Js Batiste
Wieseete Oe
Brussels
Point
Hite
Faust Sou
California
TRE
Rogers
Brildine
Rene Cereseees
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