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Newspaper

New York Tribune

Location

New York, New York, United States of America

Date

Jun 14, 1907

Page

3

Aills Views Not Rosy on Slowing Business Railroads

James J. SUL, chairman of Northern Railway, voiced concerns on slowing business and possible government credit support for railroads. He cited crop prospects as generally good but warned U.S. freight capacity lags demand, risking government ownership and a Republican shift. He dismissed reports about a railroad sale and noted his fishing trip to Canada forthcoming.

James J. Sul That Northern Railway Company Tribune Nassau Street Hill Roosevelt Mr. Hill Sarles North Dakota Red River United States Johnson Northern Pacific Chicago, Burlington & Quincy Railroad Great Northern Chicago Canada

Switching charge complaint against railroads filed with ICC

Two complaints of public interest were filed with the Interstate Commerce Commission. The first, by General Electric and Edison General Electric against New York Central Hudson River and Delaware & Hudson, charges railroads with refusing switching facilities and asks the commission to require fair payment for car handling and loading. The second, by Oklahoma and Arkansas Coal Traffic Bureau, targets several lines over lump and slack coal rates from Indian Territory and Arkansas to Texas and Louisiana, seeking reduction of the ten mile rate to align with Alabama and Colorado levels.

Washington Interstate Commerce Commission General Electric Company Edison General Electric Company Ercady N. Y New York Central Hudson River Railroad Delaware & Hudson Company Schenectady Commission Oklahoma and Arkansas Coal Trafic Bureau Chicago, Rock Island & Pacific Stis & San Francisco Missouri, Kansas , Texand

New Erie R R Appointments

The Erie Railroad announced the appointment of Harrison Williams as general land and tax agent with Edward M. Trunt and George H. Pelmer as assistants. H. M. Merrihew became land and tax agent for the Ohio division Erie and the Chicago and Erie road with headquarters in Cleveland.

Erie Railroad Harrison Williams Edward M. Trunt George H Pelmer H. M. Merrihew Ohio Erie Chicago & Erie Road Villa Cleveland

True Bill Voted Against Santa Fe Railroad in Sugar Deal

Chicago June 13 The Federal Grand Jury voted a true bill against the Atchison Topeka and Santa Fe Railroad Company in a case alleging the company granted a bonus to the United States Sugar and Land Company at Garden City Kansas The jury adjourned until Wednesday expecting the indictment to be returned The payment of 912 0 appears to refer to a single transaction and the charge may be confined to one count Penalties for each count range from 1000 to 20000.

Chicago WIM Atchimn, Topeka & Santa Fe Railroad Company Federal Grand Jury United States Sugar and Land Company Garden City Kea

Perkins Case Action Dismisses Forgery Probe Amid Raid

A special grand jury dismissed a forgery complaint against George W. Perkins tied to December 1903 entries in a New York Life blotter. The memo notes the June 13, 1907, dismissal and cites bond dealings involving J. P. Morgan’s firm. Jersey City police raided the R M Weaver Brokerage, arresting manager A Edward Meyer and seventeen staff for disorderly conduct, following a prior raid.

Jerome George W. Perkins Mr. Perkins David Freed New York Life Insurance Company Jersey City Montgomery Street A. Edward Meyer Rhinelander Manhattan R. M. Weaver Brokerage Company Meyer Frank M. Lowery Meriden, Conn Lowery Weaver Emblyman Tumulty George Cutley Criminal Court John F. Maroney the Tribune Meriden Conn R. M. Weaver Weaver Company

Kiesel Defends Jerome on Insurance Cases Admits No Crime

Isidor J. Kiesel Assistant District Attorney told East Side Civic Club last night that insurance cases will go to trial in fall with a full court dedicated. He defended District Attorney Jerome against attacks for slow prosecution, noting many acts were morally wrong but not criminal and that forgery charges could apply to false entries.

Isidor J. Kresel East Side Civic Club Mr. Kiesel Jerome Kresel Armstrong Hughes Kiesel Little Way Uptown Ameney Perkins

Order for dissolution expected in Tradesmen’s case

Referee Richard Ely is expected to order the dissolution of Tradesmen's Insurance Company today as a permanent receiver is sought. Officers Ephraim S. Johnson Albert G Mabee and George Merrill face grounds that withdrawals and a high death rate undermined the firm. Assets total 1500 and policies around 800000. testimony links officers to other failed concerns and insurers including American Temperance Life.

Richard Ely Tribune Ephraim S. Johnson Albert G. Mabee George Merrill Armstrong Ely American Temperance Life Blantley, Mooney & Shipman Delano Godward Wilson Mary Grace Quackenboss Louis &. Posner

Disown Dummy Wires Fight Across Subway Ducts

William J. Sefton denies dummy wires and cites lack of vacant ducts on 42nd Street to serve Long Acre Electric Light and Power. Ex-Judge Dittenhoefer claims duct access exists. Justice Metall weighs contempt motion over subway ducts and court orders.

William J. Sefton Consolidated Telegraph and Electrical Subway Company Long Acre Electric Light and Power Company Sefton Long Acre Long Acre Company West 1 Street Criterion Theatre Subway Dittenhoefer Justice Metall Supreme Court

Western Maryland plans lines to Wheeling and Pittsburg

Baltimore June 12 The Western Maryland Railroad will build the Wheeling and Pittsburg lines as soon as financing allows President B F Bush said surveys show a Cumberland to Wheeling route and a branch to Pittsburg The Pittsburg segment is priced around 100000 per mile while the Wheeling route may cost about 5600 per mile The mountainous terrain drives the Pittsburg line cost higher

Baltimore Western Maryland Wheeling and Pittsburg Hnes B. F. Bush Western Maryland Railroad Wheeling Cumberland

Pittsburg and Chicago Cuts Spark Speed and Rate War

Pittsburg profits rise as rail rivals push for faster service. The Vanderbilt line cuts time between Pittsburg and Chicago, with Pennsylvania Railroad signaling plans to attach sleepers to a fast train from the lower Pan Handle route to Columbus and onward to Chicago. Baltimore and Ohio vows to appeal to the Central Passenger Association.

Tribune Pittsburg Chicago Vanderbilts Pennsylvania Columbus Ohio Lake Erie Vanderbilt Hine Baltimore & Ohio Central Passenger Association

Bucket shops quit bay state in massachusetts law

Boston June 12 anti bucket shop law passed by the Massachusetts Legislature took effect tonight causing nearly forty bucket shops in Boston and statewide to close or relocate their operations. Penalties include a thousand dollar fine or one year in prison. One large firm moved headquarters to Providence and will run telephone business from there. Other houses plan to connect with Boston offices of the New York Consolidated Stock Exchange.

Boston Massachusetts Providence New York Consolidated Stock Exchange

Singer Building Changes to Fourteen Story Tower Plan

Architect Ernest Flagg announced remodelling of the Singer Building at Liberty and Broadway to form a fourteen story structure with a central 612 foot tower. The eighth to eleventh floors will be removed, height increased by three stories, then the four old stories replaced to match the new silhouette without disturbing tenants below the eighth floor. scaffold work has begun and the project aims to reshape the metropolis skyline.

Singer Liberty Street Broadway Ernest Flagg Mr. Flagg the Tribune

Union Trac tion Company to settle troubles and start rehab

Telegraph report says the Union Trac tion Company disputes near settlement and Chicago railways ordinance may be accepted soon. A protective committee meeting approved Judge Grosscup plan to deposit stock with the Tithe and Trust Company, aligning with the ordinance. James A Blair & Co of New York expected to finance rehabilitation efforts.

The Tribune Chicago Union Traction Company Chicago Railways Grosscup Tithe and Trust Company la Salle Street James A. Blair & Co New York

Waters-Pierce Receiver Permanently Appointed

District Judge Victor Brooks permanently appointed Robert J. Eckhardt of Taylor, Texas, as receiver for the Waters-Pierce Oil Company. The action followed reports that H. Clay Pierce, former president, and Judge J. D. Johnson had arrived in Paris, Texas, to seek a federal receiver.

Tribune Austin Tex Victor Brooks Robert J. Eckhardt Taylor, Tex Waters-Pierce Oil Company Attorney General's Department H. Clay Pierce J. D. Johnson St. Louis Paris

Exhibition adds two novelties at Arena

Frank Bostock introduces a giant South American sloth that feeds on fruit and eats fifty bananas daily, hanging downward from tree barks all day. Also added is Dynamite, a fiery Mexican male, with a $10 prize offered to anyone who can stay on his back.

Frank Bostock South America Bostock

Curb broker posted for failed stock deliveries

Charles R. Sickles of 18 Wall Street a curb broker, said to be a cousin of General Daniel E Sickles, was posted on the curb bulletin for not delivering stock. A. Lincoln Eglinton of 43 Exchange Place reported selling 100 shares Furnace Creek to Sickles due May 31, who failed to take delivery. Harry J. Fitzpatrick of 81 Exchange Place also suffered a loss after Sickles did not take 200 shares Mining stock. Eglinton and Fitzpatrick expected payment or posting.

Charles R. Sickles Wall Street Daniel B. Sickies A. Lincoln Eglinton Exchange Place Sickles Furnace Creek Eglinton Harry J. Fitzpatrick No. 81 Fitzpatrick Daniel E. Sickles

A. E. Appleyard Fails In Stock Scandal

Philadelphia reports insolvency of A. E. Appleyard owner of the Appleyard Syndicate after he dumped thousands of United Gas shares to suppress price. Brokers arranged a 214 adjustment, stock bought by major houses. Appleyard disappeared amid ties to City Trust Company collapse and later faced a Buffalo grand larceny indictment over losses from loans and securities.

Philadelphia Stock Exchange A. E. Appleyard Appleyard United Gas Improvement Company United Gas City Trust Company Buffalo Bank Trust Company Buffalo Arthur E. Appleyard Justice Pound Supreme Court

Suits May Aggregate Millions in Lumber Overcharges

Manchester NH June 18 decisive action by New Hampshire lumbermen to sue Boston and Maine Railroad for overcharges on lumber shipped. A special committee will report ready to present the case in court. The suit, if filed, will be in the name of the best claimant, with association backing. If won, cases totaling millions may follow against the road across freight classes.

Manchester N. H Lumbermen of New Hampshire Boston & Maine Railroad Company New Hampshire Lumbermen's Association

Land for Settlement in Alaska and Other Restorations

Washington announces settlement eligibility for about 2 980 acres in Alaska to be opened September 30 with entry on October 7 1907. Restorations include Norton Bay area near Norton Sound and St Michael region, plus numerous withdrawals for national forests in Montana Colorado and other states.

Washington Secretary of the Interior Alaska Norton Bay National Forest Norton Sound St. Michael Arctic Circle Juneaun Deer Lodge Ruby Mountains Helena National Forest Montana Madison Forest Snowy Mountains, National Forest Das Animas National Forest Colorado Fruita, Lasal and Taccompahere National Forests

United States Realty Directors Elect Officers for Year

At a meeting of the directors of the United States Realty and Improvement Company the following officers were elected for the ensuing year President H S Black vice-presidents Willian H Chesebrough and RG Babbage treasurer B M Fellows secretary RG Babbage assistant treasurer H Winsor Jr assistant secretary RG Dailey

United States Realty and Improvement Company H. S. Black Willian H. Chesebrough RG. Babbage B. M. Fellows R. G. Babbage H. ©. Winsor, Jr R. G. Dailey

Lawson spouses confess judgment over 1907 collateral sale

Theodosia T. and Leonidas M. Lawson confessed judgment for 38046 to Hildreth K. Bloodgood for money Bloodgood lent to Leonidas in 1897. Indorsed notes by Leonidas were secured by 9 shares in New Mexico Mining Company deposited with Bloodgood. Collateral sold at auction on May 22, 1907.

Theodosia T Leonidas M. Lawson Hildreth K. Bloodgood Bloodgood Theodosia T. Lawson New Mexico Mining Company

Steamers Begin From New York to Troy on June 17 Evening

Beginning on Monday June 17 the Citizens line steamers will depart New York for Troy at 6 p m.

Citizens’ Line New York Troy

Test of Transfer Tax Begins as Controller Probes Brokers

State Controller Martin H. Glynn moves to test his office power to inspect stock exchange firms books to enforce transfer tax payments. F F B Kahn of Herfeldt and Stern, brokers at 4 Exchange Place, arraigned in the Tombs on a charge of refusing to permit examination. Hearing set for June 27 as preparations for a test of the law continue.

Martin H. Glynn Stock Exchange F. FB. Kahn Her2feldt & Stern No. 4 Exchange Place Tombs Court Moss Kahn Herzfeldt Keogh

Harriman in Illinois Tunnel Control Change

J Ogden Armour and eastern interests gained full control of the Illinois Tunnel Company at a directors meeting. Samuel McRoberts of Armour Co became president, succeeding Albert Wheeler, with P A Valentine replaced on the board. Armour and Harriman tied to raise about 4 000 000 for future needs. W J C Kenyon of Union Stock Yards was elected general manager.

Tribune Chicago J. Ogden Armour Illinois Tunnel Company Samuel McRoberts Armour & Co Tunnel Company Albert G. Wheeler McRoberts P. A. Valentine Armour Re. H. Harriman

Milliken Brothers Lay Off 1500 at Mariner's Harbor

Milliken Brothers bankruptcy forces 1500 workers at Mariner's Harbor Staten Island plant to be discharged. Superintendent Marlow stated the company could not say when workers might return. Most affected are local residents with large families.

Milliken Brothers Mariner's

Bankruptcy filings and writs involve merchants and lenders

Yesterday the clerk recorded an involuntary petition against Herman Herzberg with creditors listed including Philip Shaperie & Co and Isidor Skoultehie. Touls Romm and Romm Brothers filed a voluntary petition with principal secured creditors and assets noted as 100 shares in Luders & Romm Realty. The sheriff obtained a writ of replevin for 2773 against Henry Kaim, Morris Kaim, and Joseph Horwitz for the American Woollen Company, and another writ for 2 against Henry Kaim.

Herman Herzberg Sixth Avenue Ladies’ Cloaks Philip Shaperie & Co Isidor Skoultehie Ike Seasonwein Touls Morris Romm Romm Brothers East 114Th Street Julius Sands Paul Baer The Italian Savings Bank Title Insurance Company of New York Solomon Jacobs Meyers & Lester Abraham Gordon & Brother Luders & Romm Realty Company Henry Kaim Morris Kaim Joseph Horwitz American Woollen Company

Rate Not Raised on City Bonds

The Sinking Fund Commission fixed yesterday the interest rate at 4 percent for the June 28 bond issue, with about $29,000,000 in bonds and stock to be sold to finance city operations into October or November. Legislation grants authority to adjust rates if needed, but no immediate reason exists. The commission also approved a $50,400 yearly lease to the Southern Pacific Company for half the Pier 50 space on North River, previously held by Mercantile Marine Company.

Sinking Fund Commission Southern Pacific Company Pier 50 North River Mercantile Marine Company

Strike Delays Dividend For United Railways Investment

The United Railways Investment Company announced no action on the semi annual dividend on preferred stock due in July due to the strike in San Francisco. Directors aim to support United Rails of San Francisco as workers strike. Last two dividends were 2 percent each payable in script.

The Missouri Pacific Railway Co Broadway New York New York City AH _CALEF Minneapolis & St. Louis Railroad Co Posable F. H. Davis United Railways Investment Company San Francisco United Rails of

Pullman Company Defends Sleeping Car Rates in Loftus Complaint

Washington June 13 The Pullman company filed an important answer challenging the constitutionality of a portion of the railroad rate law in response to George S Loftus St Pauls complaint to the Interstate Commerce Commission over sleeping car fares The company argues charges are just and denies ICC authority to order a reduction The case tests how the law defines common carriers and may be appealed if a ruling goes adverse.

Washington Pullman Company Interstate Commerce Commission George S. Loftus St. Paul Loftus

Terms of merger plans for Equitable and Mercantile Trust

The Equitable Trust Company and Mercantile Trust Company merge to form the Mercantile Trust Company with Alvin W. Krech as first president. Stockholders may elect $435 liquidation per share or one merged share for two Equitable shares. The new bank starts July 1 with $3 million capital, $15 million surplus, and about $76 million in assets. Stockholders’ meetings set for July 2 to ratify boards.

Equitable Trust Company Mercantile Trust Company Charles H. Keep Albany Equitable Mercantiles Trust Company Alvin W. Krech Life Assurance Society Equitable Trust Pany Oyce Canalist

Also Mentioned on This Page

Aill NEW Erie R. R Santa FE International Marine Company J. P. Morgan Mr. Morgan New York Life Act Grand Jury Insurance Company Edmund D. Randolph New York Iife W. Perkins Temple Bowdoin MR. Jerome Maryland Bucket Shops Bay State Waters-Pierce Buffalo Settlement Boston & Maine United States Realty Election OT Quarterly Franklin Trust Company Resources Taat New York State Savings Danke Cuar Lian Banking Department Board of Trustees State of New York County of Kings Geo H. Southard Clinton W. Ludlum Montague Street Borough of Brooklyn Geo. H. Southard WM. J. Montgomery Kings County New York County Knickerbocker Trust CO Freiyr Gore King Western Union "Telegraph Company M. T. Wilbur Manhattan Railway Company Interborough Rapid Transit Company Park Row Seegenein Sewilltams Mercantile "National Bank City OF New York Emil Kle Sloss-Sheffield Steel & Tron Co Birmingham Guaranty Trust Company of New York Central Trust Company of New York Pianola Company WM. & Wheelock Rh.ismon Farmers’ Loan and Trust Company William Street Fifth Avenue London Bishopsgate St Rue de Park Place L. A. Stuart H. F. Hutchinson Harriman Illinois Tunnel Milliken Mariner’s Harbor United States District Court OIL Forge Algonquin Hotel West 44Th St W. D. Cochrane State ST Boston, Mass Ita Erech
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