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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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