Pendleton Clears Board in Ashokan Dam Contract Case
Corporation Counsel Pendleton advised Mayor McClellan that the Board of Water Supply acted legally in awarding the Ashokan dam contract to MacArthur Brothers Company and Winston & Co. despite not choosing the lowest bid. He asserts the board’s broad statutory powers justify the decision and that charges of misconduct or incompetency are not warranted.
MENTIONED IN THIS ARTICLE
Corporation
Pendleton
McClellan
Board of Water Supply
Ashokan Dam
Cir Hall
Commissioners “of Accounts
Ashokan
Atekills
MacArthur Brothers Company
Winston & Co
John Peirce Company
Commissioners of Accounts
Corporation Counsel
George B. McClellan
Mayer
Ashekan
MacArthur Brothers Company and
Ash‘kan
Sayi Ag
F. K. Pendleton
Mining Companies in Trouble in Maine Firms
Two Maine mining firms with interests in Ely Nevada and Joplin Missouri were placed in receivership. Clark Mining Company faced a stockholder equity suit alleging mismanagement and fraud. Boston Ely Development Company prepared to dissolve and seek a receiver, with plans to form a new corporation to take over assets.
MENTIONED IN THIS ARTICLE
Portland
Maine
Ely
Nev
Joplin
William H. Gulliver
Clark Mining Company
Gulliver
Jerome C. Smith
Boston
Boston-Ely Development Company
New York
Pocahontas Consolidated Collieries Chief Explains Receivership
Charles S. Thorne, first vice president of Pocahontas Consolidated Collieries Company of Yocahontas, Virginia, with offices at 30 Fine Street, issued a statement explaining that a recent Lynchburg receivership filing was a technical Virginia law requirement and did not reflect the company’s solvency. He said the action aimed to settle claims of a real minority that refused to accept the Owner.
MENTIONED IN THIS ARTICLE
Charles S. Thorne
Pocahontas Consolidated Collieries Company
Yocahontas
Fine Street
Lynchburg
Virginia
Hamilton Bank Opens After Reopening in Harlem and Bronx
The Hamilton Bank at 215 West 125th Street and its six Harlem and Bronx branches reopened after a prior closing by the State Banking Department. New president Frank L. Grant said the restart was satisfactory, with funds on hand to meet withdrawals and deposits totaling about eighteen thousand. Deposits surpassed withdrawals slightly overall, though Tremont branch showed a small excess of deposits. Three cars carried $1,000,000 in cash and coin to branches as clerks loaded the main bank.
MENTIONED IN THIS ARTICLE
Hamilton Bank
West 125Th Street
Harlem
Bronx
State Banking Department
Hamilton
Justice Butis
Supremes Court
Clark Williams
Frank L. Grant
Fictiow
Grant
Tremont
Ives
Jesse
Jor
123Th Street Bank
Referee Report Up on Republic Savings Receivers Account
Justice Carr heard the application to confirm Referee Alexander McKinny’s report on the accounting of Edward G. Riggs and Otto Kelsey receivers of Republic Savings and Loan Association in Brooklyn. The report shows about 284000 taken in and 250000 paid out, with 4000 still to be distributed. The parties agreed that Kelsey and Riggs and counsel will forgo pay since 1903, and the receivers intend to return 2000 to the concern, bringing assets to about 6000. insolvency costs may reduce assets by 8800. Special Deputy Goldsmith seeks 5000, former deputy Howell 1000, McKinny 1500 and stenographer 1300. Hasbrouck claims 1500 for distributing assets to 4400 stockholders. Some stockholders may recover about 6 percent of original investments. The hearing included protests from J E Kedges attorney and insistence by Howell and Goldsmith’s compensation being unwarranted. Judge Carr noted prior disbursements exceeded expectations. Hasbrouck argued for more funds. Carr implied the work has cost far more than proposed.
MENTIONED IN THIS ARTICLE
Alexander McKinny
Edward G. Riggs
Otto Kelsey
Republic Savings and Loan Association
Justice Carr
Supreme Court
Brooklyn
McKinny
Kelsey and
Milton M. Goldsmith
O. P. Howell
Beferes
Hasbrouck
Riggs and Kelsey
Lews Frankel
Job E. Kedges
Howell
T. R. Martin
Pennsylvania
Goldsmith
New York
Charles A. Jennings
Knickerbocker Trust depositors district visits urged
Herbert L. Satterlee said the Satterlee Parsons committee has divided the city into forty districts and sent forty men to visit non-assenting depositors to press them to join the reorganization plan or state reasons for not joining The court will be informed of each depositor’s objections but no action was specified There is uncertainty over whether state banking officials will accept the certificates as legal reserve pending Attorney General determination
MENTIONED IN THIS ARTICLE
Herbert L. Satterlee
Satterlee- Parsons Depositors
Knickerbocker Trust Company
Satterlee
State Banking Department
Coal industry eyes revival as output cuts bite demand
Bituminous coal demand has fallen about half nationwide due to weaker manufacturing in the last two months. A joint curtailment by bituminous miners, limited railcar supplies, and price cuts up to 50 cents a ton are noted while coke ovens shrink sharply in the Connellsville Old Basin district. Anthracite keeps steady with mild weather sustaining consumption and no major shutdowns in sight.
MENTIONED IN THIS ARTICLE
Old Basin
Connellsville
Receiver for Trust Co
New England Trust Company of Providence, once a minor local lender, is placed in temporary receivership by Justice William P. Sweetland. John B. Hilton, treasurer, named receiver with a Feb 4 hearing to decide permanency. Deposits, resources, and the failed Union Trust’s timing loom large.
MENTIONED IN THIS ARTICLE
Providence
New England Trust Company
Union Trust Company
New England
Willam P. Sweetland
Superior Court
John B. Hilton
SRSTS
Savings Department
William R. Dunham
Pawtucket
Lsted
Boston Banking Company
Pawtucket Security Company
Boston Security Company
Worcester Security Company
John McDonald
Westinghouse Plan Aims at Company Reorganization
The reorganization committee chaired by James N. Jarvie published details of the Westinghouse Electric and Manufacturing Company plan. It preserves the core features, outlines a $5 million first mortgage bond issue with convertible options, and provides for exchange of existing collateral notes and bonds for new ones with updated covenants. Directors will be chosen by the committee and deposits run Jan 23 to Mar 1 via Bankers Trust NY, First Trust Chicago, and First National Pittsburgh.
MENTIONED IN THIS ARTICLE
Westinghouse Electricc and Manufacturing Company
James N. Jarvie
Tribune
France
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
L and N Dividend Sparks Wall Street Curiosity
An extra 1 percent dividend on Louisville and Nashville stock payable in Louisville Property Company stock drew attention on Wall Street. The Louisville Property Company owns real estate and manufacturing interests along the railroad line, with $4,000 in L P C stock reported in L N's last annual report. The dividend totals $600,090 in PCP stock, payable February 19, as L N stock trades ex-dividend. A director called the move a legal technicality of no real interest.
MENTIONED IN THIS ARTICLE
Louisville & Nashville Railroad Company
Louisville Property Company
Wall Street
Louisville & Nashville
Steel official found dead on Chicago sidewalk
Chicago police report the death of William Gillies, consulting engineer for the Illinois Steel Company, who was found on the sidewalk at South Street and Washington Avenue. Authorities believe he fell and fractured his skull.
MENTIONED IN THIS ARTICLE
Chicago
William Gillies
Illinois Steel Company
Sth Street
Washington Avenue
Skirt Length Chemises in Nainsook and Embroderies
Dress item listing describes skirts and chemises with Nainsook yokes from French and German Wallaces and Embroteeries. Options include with and without ribbon run beading and matching trims. Prices from 2.95 each.
MENTIONED IN THIS ARTICLE
Laen
Nairsook
Vassar
Nainspcok
Nainsook
Also Mentioned on This Page
DAM Contract Legal
Nevada
Missouri
Pocahontas CO
Cunard
Caronia
Ocean Steamers
Madeira
Gibraltar
Genoa
Naples
Alexandria
Cunard Steamship Co., Ltd
Minneapolis
Republic Savings Receivers
Nickerbocker Depositors
Satterlee-Parsons Committee
Receiver For Trust CO
Providence Institution
Westinghouse Plan
Worth Cerman Lloyd
Plymouth
Cherbourg
Bremen
Buelow
Preslau
Barbarossa
Rhein
Beb
Zieten
Seydlite Far
Seydlitz
GIB
Algiers
Friedrich
Biedrich
K. Albert
K. Luise
Neckar
Irene
Albert
Hoboken
North Saman
LLOYD
Oqelrichs & CO
Broadway
N.Y
Louis
Kaiser Wilhelm der Grosse Zronprinz Wilhelm Ezronprinzessin
Cecilie and
Kaiser Wilhelm Fi
Europe
Southampton
Philadsipala
Leb
St. Louie
RED Star Line
Antwerkp
Paris
Zeeland
Finland
Kroonland
Vaderland
White Star
Q'Nstown
Liverpool
Baltic
Celtic
Cherr
Southapton
Majestic
Oceanic
Italy
Egypt
Azores
Cedric
Eles
Republic
Romanic
Canopic
Cretic
Whitehall
Battery
North Iver
Queenstown
London
Mauretania
Campania
S. BB. I. TA
Lusitania
Etruria
Lucania
Carmanl
Cla
Fiom Gibealtar
Trieste
Slavonia
Pannonia
Carpathia
Carama Onis
Vern Brown
State Bt
Bridge Martini
St. Thom
San Juan Santiago, Hawaii
Nassau
Kingston
Colon
Puerto
la Guayra
Port of Spain
Rotterdam
Boulogne
Ryndam
Noordam
Tam
Staten Dam
AMS
Perdam
Potsdam
Naves
Holland- America Line
B'way
Isllanbate Cin
Plier
Wall St Ferry
San Juan
Caracas
Philadelphia
Boulton, Bliss & Dallett
General Managers
Wal! St
Boulton, Bliss & See General Managers
Wall St
Veloce
Europa
Citta di Torino
Nord Am’ Fca
Hartfield, Soladi & Co
Clark
The
Orient
I. C. Clark
T. A. Sellew
Fulton St
Uptown
76Th
Snd
America
Hamburg
Princoln
Hamler
Moltke
Oreana
Axtons
Nile Nile
Luxor
Assouan
Anglo-Am
Nile E
Hamburg-American Line
Bermuda
Florida
Cuba
Mexico
Japan
Carana
China
Siberian Railway
South
Thos. Cooz & Scn
Madison Ave
Fifth Ave
Windsor Arcade
Cook's
Southern Pacific
NEW Tore
New Orleans
Louisiana
Texas
Arizona
California
Ll. H. Nutting
G. PB
Bay
Fall River
Newport
North River
Warren St
Twamers
New London
Ft. Clarkson St
Stra Marie
Hes W. Chapin
New Haven
North Lye
E. R
New Hampshire
Central Hudson Line
Newburg and
Poughkeepsie
Ster
Kew
Jersey Central
Philade
Philadeleria
Liberty ST
Baltimore
Washington
Ly. W
Atlantic City
Toco A Om
Tare Ood
Lakehurst
Long Branch
Ae Park and Ocean Grovf
Lv. W
West
Telsea Chelsea
Astor House
Union Square West
West 125Th St
Columbus
York
Court St
Nostrand
Williamsburg
New York Transfer Co
W.G Besler
W._C. HOPE
Tien
Mer
Pass’r
New
Baltimore & Ohio
R. R. Royal Blue Line
St. Lib'y
Tsdam
Royal Ltd
Pittsburg
Cleveld
St.louis
Louisv
Bureau of Information
B. 20
R. R
Chelsea
Raptford R. R
Grand Central Station
Lakeville & Norf
Barrington
Stockbridge
Lenox
Pittsfield
cGd
Union Sq
Col Ave
Mad
Sd Ave
B’klyn
Nostrand Ave
B' Way
125Th St
12Th St
Lewigh Valley
A. Cortisadt
Buffalo F
Buffalo
eaLk Dias
Eage- Eee
Whearn
Fourteenth Street
Pifth Avenue
Maslin
Ryoke
Rec
L of
Chiffon Taffeta
Brussels
Point d' Esprit
Cheviots and SE
Royal
Panama
Feoor—St
Ages Qualitie
Carolin Brown
Rogers
Bel Peng
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