Indictment in National Bank case names Morse and Curtis
A grand jury returned a forty one count indictment charging Charles W. Gopietme and Alfred H. Curtis, officers of the National Bank of North America, with misapplication and falsification of bank assets in 1906 and related years. The charges allege false entries, improper stock acquisitions, and unauthorized withdrawals totaling substantial sums. Morse and Curtis pleaded not guilty. trial set for October term, with negotiations over assets and a proposed sale of receivables at a discount.
MENTIONED IN THIS ARTICLE
Charles W. Gopietme
Alfred H. Curtis
National Bank of North America
Sts
Rsgné
Poe
Morse
Conecon American Tce
Consolidated Steamver Gp
Curtis
Bank of North America
American Ice Securities
Consolidated Steamship Lines
Lom
Er Trust Company
Mercantile Na- Berk
New Amsterdam National
Morse and
Rock
American Ice Securities Company
Geo
Messrs
United States Circuit Court
Morst
Washington
Brady Co Assigns C To John F Butler For Benefit Of Editors
The Thomas J Brady Company a building and contracting firm assigns metas to John F Butler for editors benefit. Brady president of the Oman as head of the Buildings Department was removed after an investigation but later became Commissioner and then chairman of the committee to reform Building Code. He resigned amid building business liabilities may total about with assets if realized on. He blamed Bronx courthouse work halted by Jie Hiafsen.
MENTIONED IN THIS ARTICLE
Thomas J. Brady
Broadway
Metas
John F. Butler
The
Oman
Weresa
Strong
Tammany
Qin
Brwenter
Bread
Bronx
Jie Hiafsen
Transfer Tax Receipts Grow in May
Albany reports State Treasurer Hauser says May stock transfer tax receipts totaled 483767 dollars, the highest monthly figure since the last tender. The rise is linked to recent actions by the State Controller’s office to align securities transactions with tax returns and secure tax payment on all sales.
MENTIONED IN THIS ARTICLE
Albany
Hauser
State Controller's Office
Receiver Appointed for Machinery Company in Supreme Court
Judge Blanchard names Walter A. Hirsch as receiver of O. S. W. Corporation machinery and indestructible cloth business. Hearing set at offices on Wall Street. Suit by DC Mill, a judgment creditor, claims $60 due for rent of offices in the Mille Building.
MENTIONED IN THIS ARTICLE
Machinery Company
Blanchard
Supreme Court
Walter A. Hirsch
O. S. W. Corporation
Wall Street
DC Mill
Rihe Mille
Sale of B and O Securities Reported By Telegraph
Baltimore June 17 Alexander Brown and Sons Miers have bought 2 072 000 of Baltimore and Ohio Mier then 32 per cent bonds 4025 00 of Baltimore and Ohio are mortgage 4 per cent bonds and 1513 00 W Baltimore and Ohio Southwestern division 312 per Dr Denes Alexander Brown asked if his house had bought te bonds on behalf of an underwriting syndicate Mie No we ve bought the bonds direct from the Milreet company but I don t mind saying that the Geranty Trust Company of New York is inter Met As fer as I know it is the only banking infl ation interested besides ourselves
MENTIONED IN THIS ARTICLE
Tribune
Baltimore
Alexander Brown & Sons
Miers
Baltimore & Ohio
Mier
Baltimore & Ohio Southwestern Division
Denes
Alzander Brown
Mie
Milreet Company
Geranty Trust Company
New York
State OF
God
Mary E. English
Georgianna Croffitt
J. Parkman Crosby
Ellen Warren
Fannie Warren
Mary Warren
John Warren
Matilda Muzzy
Harriet Stevens
Nellie Crosby Leffel
Homer Hine
Omas PD. Hine
Bertha Moulthrop Fleck
Emma Somers
Elizabeth Sanford
Henry Moulthrop
Susan Moulthrop
Leslie Moulthrop
Bradley Croffut
County of
Hall of Records
Nathan H. Tuttle
Laat Wii
Margaretta B. Warren
Abner C. Thomas
L. S
Daniel J. Dowdney
W. Davidson
Davidson Ridg
Lawton Strew Rochelle N. A
Coal Suit Nears End in Government Challenge
In Philadelphia on June 17 the government and seven railroads argued the Hepburn act commodity clause before Judges Dallas Gray and Buffington. John G. Johnson attacked the clause’s constitutionality while Bonaparte defended it, suggesting Congress can regulate or confiscate interstate commerce if public interests require. A Supreme Court appeal was anticipated. In St Paul on June 17 the Northern Pacific’s Thomas Cooper testified coal lands save the railway $2,770,000 yearly and are worth $50,000,000 to the company.
MENTIONED IN THIS ARTICLE
Philadelphia
Bonaparte
John G. Johnson
Dallas, Gray and Buffington
United States Circuit Court
Johnson
Congress
Allegheny River
Secretary of War
Pennsylvania
Circuit Court
Supreme Court of the United States
St. Paul
Thomas Cooper
Northern Pacific Railway
Bismarck
N. D
Swedish government loan prospectus issued in London
The prospectus of a Swedish government loan totaling 3,000,000 pounds was issued in London. The loan bears 4 percent interest until 1918 and 3 1/2 percent thereafter. The issue price is 98.
MENTIONED IN THIS ARTICLE
London
Lost Tayopa Mine Found in Mexican Lands
Reports from Nueva Casas Grandes say the lost Tayopa mine has been located in the Guaynapa region on lands held by Colonel William Co. Greene and his Greene Gold-Silver Company. The find is linked to a 10,069,000 bullion value and a wide federal concession to locate minerals.
MENTIONED IN THIS ARTICLE
Nueva Casas Grandes
Chihuahua
Mexico
Tayopa
Guaynapa
William Co. Greene
Greene Gold-Silver Company
Antigua
Iron Trade Review Reports Steel Price Reductions Yet Sluggish Demand
The Iron Trade Review notes crude steel price cuts and higher finished product specifications but little demand, except for steel bars used by agricultural implement makers. It recalls the 1904 Presidential year’s improved iron business and hopes for a similar trend this year as a factory conference glaciers a cooperative price reduction. United States Steel reports orders above last month while ore sales at the reduced price trend continues. Pig iron prices stay well maintained despite ore price drops.
MENTIONED IN THIS ARTICLE
Iron Trade Review
United States Steel Corporation
Dividends Passed on Big Four and Lake Erie Railroads
The Big Four and Lake Erie & Western railroads passed dividends amid earnings decline. Big Four owner preferred stock yields 1 percent, with no common semi annual payout. Lake Erie & Western also paid 1 percent on preferred. Analysts foresee gradual recovery and note bond implications for savings banks.
MENTIONED IN THIS ARTICLE
Vanderbilt
Cleveland, Cincinnati, Chicago & St. Louis Railway Company
Big Four
Lake Erie & Western Railroad Company
Lake Erie & Western
M. E. Ingalls
Treasury reports banks surrender public deposits under new currency act
Washington June 17 The Treasury notes Chemical Bank of New York and American Exchange National Bank have surrendered their government deposits to avoid paying 1 percent interest under the new currency act. Banks are weighing whether to form currency associations as inquiries from numerous banks pour in. Treasury actuary W W McCoy says a $100000 government deposit secured by 2 percent bonds could yield a net annual profit of 70142 in a 5 percent loan market.
MENTIONED IN THIS ARTICLE
Washington
Treasury Department
Chemical Bank of New York
Secretary of the Treasury
American Exchange National Bank of New York
Treasury
Great Money
W. W. McCoy
United States
Defends the Railroads at Rut gers Alumni Dinner
L F Loree president of the Delaware and Hudson Company spoke by read text due to illness, denouncing concerted attacks on railroads. He warned of investor risk, officer losses, and broader community harm if railroad investments are unfairly weakened. Gifts announced included a $5,000 memorial fund by John O Herbert, Rutgers class of 1872.
MENTIONED IN THIS ARTICLE
New Brunswick
N. J
L. F. Loree
Delaware & Hudson Company
Rutgers College
Demarest
Loree
John W. Herbert
John Oliver Herbert
Stock turmoil and receiver steps hit Arizona Smelting and National Glass
An advance in Arizona Smelting shares to 18 cents is blamed on shorts unable to cover, with 20 000 shares outstanding and certificates held by a trust company. Charles W Morse linked to the firm as it remains under a receiver. Separately, Pittsburgh’s Union Trust seeks foreclosure on National Glass Company bonds noting a $600 000 default and the company’s 20 plants across five states.
MENTIONED IN THIS ARTICLE
Arizona
National Glass Company
Pittsburg
Union Trust
United States
Union Trust Company
First Mortgage
Ecriver
Union Switch and Signal Plans 3 Percent Dividend Split
Pittsboro June 11 The directors of Union Switch and Signal Company 4 Westinghouse concern declare an 3 percent dividend on both preferred and common stocks at today meeting.
MENTIONED IN THIS ARTICLE
Pittsboro
Union Switch and Signal Company
Westinghouse Concern
At & Mesting Ereo-Aay
Erie Railroad Coupon Restriction on Morgan Offer
The Erie Mortgage indenture restricts Morgan & Co from purchasing July 1 interest coupons after June 30. Morgan says the scheme helps the railroad fund ongoing improvements, using funds that would otherwise pay the July 1 coupons, while bondholders may still present coupons for payment.
MENTIONED IN THIS ARTICLE
J. P. Morgan & Co
Erie Railroad Company
Erie
July cotton advances briskly in market with bulls and rumors
July option rose from 10.38 to 10.75 cents amid brisk short covering and bull campaign rumors led by Frank Hayne. August and September options also climbed as July gains spill over. nearby closes at 10.62, 10.35, and 9.99 cents respectively. Milwaukee tests eight hour law as railroad telegrapher overtime fine heads to higher courts.
MENTIONED IN THIS ARTICLE
Frank Hayne
New Orleans
Hayne
New York Stockyard Report June 17 1908 Declines Mixed Prices
Receipts total 118 cars of cattle and 2255 cars of sheep and lambs with 2064 head in cattle volume including 100 cars direct to slaughterers. Prices show steady to strong on prime beeves and mild declines for common cows while dressed beef holds. Calves veal and hogs clear with steady demand and firm quotes through multiple consignors and buyers.
MENTIONED IN THIS ARTICLE
New York
Jersey City
60Th Street
London
Liverpool
Swift Beef Company
Morris Beef Company
McPherson & Co
Maryland
Pennsylvania
Ohio
Kentucky
S. Judd & Co
Bull
S. Sanders
J. G. Curtis @ Son
John Ducey
Jelliffe, Wright & Co
de Wo. Milch
J G. Curtig
A. McCabe
Louis Heilbrunn
George & L. S. Dillenback
S. Juda & Co
Tobin & Shannon
Virginia
Salex
Commission Co
Kentucky Lambe
Frederick I. Kratz
Newton Co
Virginia Lands
New York State
Surrogates' Notices for Matilda A Elder Estate
Surviving executrices Annie E Munn and Adaline M E Peters, through attorneys Duer Strong Whitehead, announce claims against Matilda A Elder late of New York City. Creditors must present vouchers by August 12 next, at 50 Wall Street Manhattan. Dated January 80, 1908.
MENTIONED IN THIS ARTICLE
Arnur C. Thomas
New York
Annie E. Munn
Adaline M. E. Peters
DUER
Strong & Whitehead
Wall Street
Borough of Manhattan
New York City
Reorganization Extended Deposit Date for Southern Steel
The Plan and Agreement of Reorganization dated May 15 1908 extends deposits to July 1 1908 for all security holders and creditors. Creditors must file prove and allow claims in the bankruptcy before deposits under the Plan. New York June 15 1908. Reorganization Committee and counsel listed.
MENTIONED IN THIS ARTICLE
New York
Advertisements for Tribune Office Branch Submissions
Ad notices and descriptions from The Tribune received at Uptown Office 1364 Broadway between 36th and 38th streets until 9 pm. Advertisements received at branch offices at regular rates by 6 pm at 284 5th Ave southeast corner 234 Street, 153rd Avenue corner 12th Street, 92 Benson 12th Street 257 West 424th Street between Tenth and Sixth Avenues.
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Tribune Alk
Broadway
36Th
Sith Sts
Ave
S. E
Th Ave
West
Special Stockholder Meeting for Denver and Rio Grande Merger
Notice to stockholders of The Denver and Rio Grande Railroad Company calls a special meeting at Room 321 Equitable Denver Colorado on Thursday mid day July 1908 at two o clock P M to vote on consolidation with The Rio Grande Western Railway Company and related terms. The meeting will consider an agreement dated June 5 1908 and any modified proposals submitted by directors. Transfer books close June 24 and reopen after adjournment on or after July 24. By order Ebt Jeffery President Stephen Little Secretary.
MENTIONED IN THIS ARTICLE
Denver and Rio Grande Railroad Company
Equitable
Denver
Colorado
Rio Grande Western Railway Company
Utah
New Consolidated Corporation
THE
Ebt Jeffery
Stephen Little
Bronx
Treasury SS
Washington, D. C
United States
New York
Eee
Nork
Secretary OF the Treasury
Geo. B. Cortelyou
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Biffaln
Rochester
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