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Newspaper
New York Tribune
Location
New York, New York, United States of America
Date
Jul 02, 1908
Page
7
The Treasury’s year end statement shows receipts of 599,895,763 and expenditures of 659,552,124, yielding a deficit of 59,606,341. Customs receipts dropped vs last year while miscellaneous gains from coinage boosted the total.
Reports from Western points say July 1 designated by the National Prosperity Association of St. Louis spurred re employment. Illinois Central rehired thousands, St. Paul added four hundred workers, Harriman system extension in Colorado to resume with many employed, and Milwaukee also noted.
The Allis-Chalmers Company used the full force for the first time in months. International Harvester has all its old employees on the payroll due to heavy fall orders. Cincinnati estimates show three to four thousand more workers employed than a month ago.
Toledo Railways & Light Company defaulted on July 1 coupons on its 4 percent consolidated bonds totaling 4.866 million dollars. The Toledo & Western Rail Road subsidiary and two underlying mortgages avoided default this month while a broader plan to avert receivership and pursue a refunding strategy moves forward. Banks seek to settle franchise issues before permanent financing next year.
Dr James H Parker elected president of the Mutual Alliance Trust Company succeeding Paul Schwarz. A leading figure in the U S cotton trade and banking, Parker previously chaired the New York Cotton Exchange for three terms and held top posts at National Park Bank United States National Bank and Produce Exchange Trust. He serves on several bank boards and has led various professional societies.
Several changes in banking and brokerage firms were announced. William M. Barnum retires from Harvey Fisk & Sons but keeps a Cedar Street office. Alexander G. Fisk retires due to ill health after eighteen years with the Boston office. William S. Fanshawe starts W S Fanshawe & Co with offices in the Hanover Bank Building to resume investment securities dealing. Alphonse Furst retires from Lazard Fréres.
The firm announces that F. H. Greenbaum will sign singly by procuration in the future rather than jointly. The copartnership Hooley Learnard Smith expired yesterday and is replaced by Hooley Learnard Co. Charles G. Smith retires from Charles G. Gates Co., dissolved recently. Frank P. Frazier and W. T. Carrington withdraw from Bartlett Frazier Carrington. Bartlett Patten Co. formed. New partners admitted at Stock Exchange houses include Louis Livingston Edward Sweet Co Frederick S. Rook Ww. R. Houghtaling Co Ludwig Redlich Goldschmidt Co.
Washington reports the national cotton crop condition for June 2 at 81.2 percent of normal, up from May 2. States show varied readings with Virginia 92, North Carolina 89, Georgia 83, Texas 80, and Oklahoma 64, among others. Prices rose slightly while the government estimate lagged private figures.
The bureau of navigation reports the fiscal year ending yesterday as a record for American shipbuilding with 1,506 vessels totaling 588,627 gross tons. Great Lakes production leads with 75 steel steamers of 304,379 tons, marking the largest steel output yet. Domestic tonnage, no foreign trade vessels built.
London cable reports William Randolph Hearst says the recount result is satisfactory and aims to ensure an honest count. He argues the fight was to secure transparent election results and prevent future fraud, strengthening republican safety and accountability.
In Buffalo on July 1 two charges of dynamite under the Lehigh viaduct at Selkirk and Perry streets exploded, blowing out two iron girders, twisting rails, and damaging ties for long stretches. Dynamite was set atop a reinforced concrete girder between spans three and four. the viaduct was recently completed by McClinch.
Annie Wilson a ten year old labeled the most remarkable juvenile thief of her years was held yesterday by Magistrate Higginbotham in the Lee avenue court Williamsburg. Mrs Julia Campbell thirty five of Flushing avenue denied aiding the girl though items found in her rooms including lace dress fur neckpiece and a gold watch with chain and crucifix tied to the case. A victim named James Hughes identified valuables found at Campbell s home and the girl explained she accessed houses by slipping through gate grates. The charge stemmed from a complaint by Mrs W J Calhoun who identified clothing among the proceeds in the girl s home.
The Municipal Art Commission approved $1,000,000 plans for a six story Queens Borough Hall to east of the courthouse at Court street and Thomson avenue. Also approved were a $500,000 boiler house and coaling station for Bellevue Hospital at 29th street and the East River.
Wallace Utley of 20 Broadway Flushing son in law of Levi C Weir president of Adams Express Company was arrested by central office detectives for passing a worthless check at the Lewis Hamburg Auction Company Fulton street Brooklyn He had previously bought goods worth 1250 and paid with a 3 check His sister in law Edna Utley was earlier arrested for shoplifting at the Waldorf Astoria and is now at the Hotel Secola Hicks street
Walter J. Bartnett former vice president and general counsel of the Western Pacific Railway and of the California Safe Deposit and Trust Company was sentenced to ten years at San Quentin. He hypothecated $205 000 in bonds and securities of Ellen M Colton estate as special administrator. An appeal followed the sentencing. Bartnett had strong ties in New York railroad and financial circles.
A bomb exploded in the ground floor hallway of 336 East 11th Street injuring residents of the five story tenement. Simone Mansuatta’s apartment door was shattered and her daughters Lucia and Rosa Mansuatta were covered by plaster but declined medical aid. Angelo Papena was arrested on suspicion and held on $2,000 bail. Ten blasts in the block since January alarm property owners and drive tenants from two houses. Storms and floods hit Wisconsin and Kansas. Landscape artist Thomas Hill died at his California home. he was English born and linked to Sir Rowland Hill.
In Madrid on July 1 the Supreme Court ruled against Elena Sanz's son in a suit to recover a share of King Afonso XII’s estate from the Queen Dowager and other legatees, asserting he is the King’s natural son.
Tock & Marshall, a firm upholding the open shop, has had several bridges wrecked by dynamite last year. One man was arrested, unable to give a clear account of his movements this morning. The road may be delayed a day or two before the viaduct can be used, as Lackawanna tracks are being used in the meantime.
Sun and moon times with high water marks for Sandy Hook and Governor's Island. Wireless reports note the Baltic and Principe di Piemonte approaching Sandy Hook east of the coast with expected docking around 1:30 pm and 2 pm respectively. Transpacific mails list destinations including Hawaii Japan Korea China and the Philippines.
Fragmented OCR lists multiple island groups and transit hubs including Samoan Fiji New Caledonia Hawaii Japan China Philippine Islands and Marquesas with via routes through Vancouver Victoria San Francisco and dates July 18 and August 16 with times. The text reads like a travel or shipping schedule noting connections and destinations rather than a coherent event.
Multiple steamers report arrivals at the Bar with cabins steerage and general cargo. Vessels include Koenigin Luise Harrassowitz from Genoa and Ida Cuneo from Port Antonio with fruit and passengers, plus Aragon from Georgetown with lumber and San Giorgio from Messina with cabin and steerage passengers. Several ships left quarantine and sailed onward to destinations such as Newport News, Norfolk, and New Orleans. Winds light. sea smooth. several ships reported arrivals and departures around July 19.
A concise listing of ships and routes from various ports including Liverpool New York Plymouth Cherbourg Hamburg Stettin Demerara Buenos Ayres and Rotterdam. It notes vessels such as Majestic Deutschland Elise Marie La Flandre Guiana Chicago Adriatic Kronprinz Wilhelm President Lincoln La Provence Jelurga and others with dates in June and July and their New York departures or arrivals.
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