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This newspaper page contains 14 articles. Subscribers can read the full text of each article.
Newspaper
New York Tribune
Location
New York, New York, United States of America
Date
Jan 24, 1908
Page
24
Chief Croker testified at the Commissioners of Accounts inquiry blaming closed water mains for low pressure and hose shortages. He urged immediate purchase of hose and equipment, replacement of defective lines, and criticized prior Harris plans while detailing the need for upgrades to the department’s water supply and alarm systems.
A cork works blaze in Brooklyn on No 23 to 4 Rodney Street, fed by dry cork, endangers 300 workers including many girls. Faulty hoses burst repeatedly delaying water supply. firefighters and a sergeant enforce ladies first as flames spread toward nearby factories and tenement rows. Several women overcome by smoke, others escape by jumping from windows.
Commissioner Lantry plans an appropriation to replace the fire alarm telegraph system with new wires alarms instruments and a fireproof headquarters. Cost estimated at least 2 500 000 as Chief Croker warned of dangers if delays continue and stressed the need for rapid action despite current temper of the purse strings.
Jerome, irritated by attacks from William F. King and others, testified before a special Manhattan grand jury probing city traction affairs. Assistant District Attorney Kresel named William M. Ivins William F. King Ide Blum George L. Degener Nathan Hayman John Parsons William Mass and William Amory as subpoenaed witnesses. King urged the panel to examine five years of Jerome’s records and to rely on counsel trusted by the community to determine if a crime occurred.
Boston January 23 Charles H Treat United States Treasurer addressed Boston business leaders in Ford Hall praising the national banking system for safe money cheap credit and stability He urged a supplemental currency with a defined retirement and backed expansion of a national clearing house bank with capital between 250 and 500 million to unify currency and aid commerce
Winthrop E. Scarritt former Auto mobile Club of America president sails for Europe to solicit proxies for Stuyvesant Fish from foreign Illinois Central holders. He says he has proxies of many large stockholders in Britain France and Holland. Foreign ownership exceeds 176000 shares or 16 percent of stock outstanding, potentially shaping the Fish Harriman contest.
Mayor Howe calls Thursday meeting at his office for Mount Vernon residents to discuss organizing a commuters league. The aim is to expand along the Central and New Haven roads in Westchester County to press for better railroad service and improved treatment from the roads.
The union shirtmakers began their annual strike yesterday affecting ten firms centered in Leonard street. No workers quit initially but the union plans a general wage increase demand within a week, seeking 15 to 20 percent raises.
James W. Sargent of Somerville, a Boston real estate businessman, was found dead at his summer home in Kingston with a bullet wound and a revolver beside him. A note pinned to his sleeve indicated suicide. He was forty three, married to Weaver, who is his wife. No motive was given.
The Delaware & Hudson company plans to issue in the near future ten million dollars of one year notes at five percent. Proceeds largely to repay six million nine hundred thousand dollars of participation certificates issued last February by its subsidiary the Quebec Montreal and Southern, guaranteed by D and H. Notes mature early next month. Last year the company sold ten million eighty thousand dollars of equipment bonds at forty five percent fifteen year terms. Two well known local banking houses are expected to handle the loan.
The census bulletin shows U S cotton in to January 16 at 10 337 607 bales down from 12 176 199 last year and 9 989 634 in 1908 with 27 370 active ginneries. May cotton fluctuated after the government census report with prices swinging to 11 68 cents then 11 21 cents before closing slightly lower on about 500000 bales sold.
Chief Justice Clabaugh appointed Richard H. Lynn and United States Trust Co as receivers for the Washington and Potomac Steamboat Company. Boond set at 50000. Lynn had obtained a judgment of 15722 on January 22. The firm owns five steamers and River View and Colonial Beach amusements, with assets said to exceed liabilities but loans hard to obtain amid financial disturbances.
Supplementing a denial by August Belmont & Co. that N M Rothschild & Sons would sever ties with the firm Ladenhurs Thalmann Co of Ohio city and Lee Higginson Co of Boston, Ladenhurs Thalmann said they were asked by cable to contradict the report. The rumor spread in Wall Street after the transfer of 7.00 of real estate to the Rothschilds was noted.
Bankbooks of Union Dime Savings Institution and Dry Dock Savings Institution are declared missing with requests to present claims within thirty days or face cancellation and new issues. A $6,000 three year loan at 6 percent is offered for a New York City business with $50,000 plant value, via McDonald Wiggins Co. Also notes death in the family and a country store business for sale or transfer.
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