Dispute Over Arbor and Detroit Toledo Ironton Denied
A heated exchange surfaced as Arbor interests clashed with Detroit Toledo Ironton factions. Newman Erb denied involvement with a note syndicate related to a $1.1 million collateral trust and control efforts targeting Ann Arbor assets amid a pending sale and receivership.
MENTIONED IN THIS ARTICLE
Says Newman Erb
Ann Arbor
Detroit
Toledo & Ironton
Eis ‘Arbor
Detroit, Toledo & Ironton Bea
Goireat
Arbor Railroad Company
Newman Erb
Rudolph Kleybolte
hae @ Ironton
Oia
de Goiedo & Ironton
Exb
Detroit, Toledo & Ironton
Tribune
Ironton
Kierbolte & Co
United States Mortgage and Trust Company
Holms
Josiah Ramsey, Jr
Ace
Newman Erber C. C. Dickinson
Carnegie Trust Company
Ets
Government raises bond liability limits for fidelity firms
Washington June 23 The nine executive departments issued a general current order to regulate the liability that fidelity and surety companies may assume as authorities on United States bonds The order amends prior rules to more equitably adjust liability Explanation cites greater protection in transportation bonds by railroad firms and warehousing bonds for tax payments on spirits under federal supervision Firms may now assume liability of percent of capital and surplus on such bonds exceeding the prior 14 percent limit Last year the decree required over five hundred bonds with penalties totaling many millions of dollars
MENTIONED IN THIS ARTICLE
Washington
Fidelity and
United States
Great Railroad
Bankruptcy schedules filed for Coster Knapp & Co brokers
Schedules filed in U S District Court show liabilities of 1 411 184 68 and assets of 1 053 733 88 for the bankrupt firm of Coster Knapp & Co stock brokers at 6 Broadway New York The schedules list real estate holdings in John M Knapp 10 000 cash on hand 2 250 58 notes and securities 1 006 64 and other items including shares in vessels and personal property The unsecured claims against John M Knapp total 2 425 2 with 152 ME against the firm and 1 447 a0 other unsecured claims The schedules were filed by John M Knapp who also included his individual liability
MENTIONED IN THIS ARTICLE
Coster, Knapp & Co
Broadway
United States District Court
Floss Tsngs
John M. Knapp
John M Knapp
Knapp
Jom M. Knapp
Det Mo Keerg
Joan M. Knapp
Cncre
John M. Kaepp
EINA CUTS ITS CAPITAL ONE HALF
Barford Conn June 22 At a brief stockholders meeting the capital of the company is cut from 50 to 32 00 and the reduction is moved to surplus. The action weakens the Heinze influence and transfers control to New Yorkers interested in the county.
MENTIONED IN THIS ARTICLE
Tribune
Barford
Conn
Heinze
Detroit & Mackinac Railway CO
Wall St
New York City
Henry K. McHarg
Wall Street
New York
B. Colebrook
Workers Threaten Shutdown as June 30 Strike Looms
The Amalgamated Association and Steel Workers of America and Republic Iron and Steel Co clash over June 30 renewal terms in Youngstown Ohio and at other plants. Workers resist a 33 1 3 percent pay cut while a partial agreement could not be reached. In Havana the Central Railroad holders approve a $2.5 million bond issue to fund equipment and debt retirement, selling to a London bank at 96.
MENTIONED IN THIS ARTICLE
The
Tribune
Amalgamated Association and Steel Workers of America
Og Vulcan
Republic Iron and Steel Company
Youngstown
Ohio
Havana Central
London Bank
Navy Department
Washington
D. C
Navy Yard
New York
N. Y
Navy Pay Office
Bureau
E. B. Rogers
Westinghouse Hopeful on Stock Subscriptions Progress
The readjustment committee of Westinghouse Electric and Manufacturing, chaired by James N. Jarvie, reported gratifying progress in subscriptions to the 10 million dollar new stock for the merchandise creditors rehabilitation plan. Subscriptions rose notably, with the employes committee alone reporting about 60 thousand dollars, and total subscriptions likely near nine million, as rumors of a syndicate to cover unsubscribed shares circulated without confirmation.
MENTIONED IN THIS ARTICLE
Westinghouse Electric and Manufacturing Company
James N. Jarvie
Charles Francis Adams
George T. Quiver
George W. Guthrie
Pittsburg
Joseph W. Marsh
William McConway
Security Investment Company
C. B. Humphries
Adrian H. Larkin
Cotton Breaks Badly in Market After Operator Illness
The cotton market fell sharply as W R Craig of Craig and Jenks, a leading pool member, lay sick in hospital with appendicitis. July and August options were sold off, futures hit intraday lows, then rallied as spot houses bought, while bears questioned Craig’s role and a shift to new crop positions, with tendering day anticipated Friday.
MENTIONED IN THIS ARTICLE
W. R. Craig
Craig & Jenks
Craig
Brooklyn Bank Reopens With Deposits Surging
The reorganized Brook lyn Bank reopened at noon with more new deposits than withdrawals. Directors Lud wig Nissen and receiver Charles M Higgins deposited money, while the bank received many congratulatory telegrams and flowers. It was described as a gala day for the bank and its new officers.
MENTIONED IN THIS ARTICLE
Brooklyn Bank
Ludwig Nissen
Charles M. Higgins
Bank Resumption Plan Nears Approval After Depositors Vote
Eighty five percent of Mechanics and Traders Bank depositors approved the trustees plan to resume business, with expectations that the 90 percent threshold will be met soon. Equitable Trust would then lend Merchants and Traders Park one million dollars. Pauli Grout defended a ten thousand dollar bonus to the lender as a standard commission, citing larger bonuses paid by Williamsburg and Oriental Banks in similar loans.
MENTIONED IN THIS ARTICLE
Mechanics and Traders’ Bank
Equitable Trust Company
Pauli Grout
Williamsburg Trust Company
Metropolitan Trust Company
Oriental Bank
Large Decrease in Immigration Reported
Washington reports on alien inward passenger movement for May 196, showing total immigration of 36,317, a 7 percent drop from May 196, and a 6 percent change from May 1907. Six months ending May 21, 198, total 227,233, down 63 percent from 1995 and 6 percent from 197. Net eight months to Feb 29, 1908 shows 736,699 arrivals and 483,868 departures, net 22,731 increase. Secretary Straus says movement driven by supply and demand. final fiscal year figures likely near balance of departing and admitted aliens.
MENTIONED IN THIS ARTICLE
Washington
Secretary of Commerce and Labor
United States
Straus
Canadian Vacation Guides From Canadian Pacific Railway
A series of summer booklets issued by the Canadian Pacific Railway lists titles such as Fishing and Shooting, Sports Man's Map, Westward to the Far East, Around the World, Montreal and Quebec, St. Andrews-by-the-Sea, The Challenge of the Mountains, Western Canada, Muskoka Lakes, British Columbia, Hay Fever and Hotels and Boarding Houses. The guides are presented as authentic vacation country guides to Canada and the Canadian Rockies including Banff and Glacier, described amid the greatest scenery in the world.
MENTIONED IN THIS ARTICLE
Canadian Pacific Railway
Broadway
Sportsman's
Far East
World
Montreal
Quebec
St. Andrews-by-the-Sea
Canada
Muskoka Lakes
British Columbia
Canadian Rockies
Banff
Glacier
Toledo Coal Firm Pleads Guilty on Three Counts
In Toledo today the Toledo Ice and Coal Company pleaded guilty to three counts alleging it received rebates from the Ann Arbor Railroad Company. Judge Taylor imposed a $1,200 fine on each count. The remaining 182 counts were dismissed under the Hepburn law.
MENTIONED IN THIS ARTICLE
Toledo
Toledo Ice and Coal Company
Ann Arbor
Taylor
Building trades revival boosts West Syd Street tunnel work
Unions in the building trades report improving business with more workers expected before fall. Bricklayers have begun tunnel construction on West Syd Street, with several hundred more anticipated. Sheet metal workers note rising demand and other trades show pickup in the West clothing industry. Revere reports a…
MENTIONED IN THIS ARTICLE
West Syd Street
Rates Cut in Half on Excess Baggage by Southern Pacific
San Francisco announces official reduction of excess baggage charges on Southern Pacific lines. Beginning July 1 the rate drops from one cent per mile for every hundred pounds overage to half that amount, easing travel costs for travelers with extra luggage.
MENTIONED IN THIS ARTICLE
San Francisco
Southern Pacific
Mining Names Appear in Historic Nevada Conventions
Historical notes list include Belcher Rest and Belcher Bullion Caledonia and Crown Point Gould and Curry with Challenge Con Chollar Imperial and Andes Con Alpha Con .05 context reflects silver mining era names and associations.
MENTIONED IN THIS ARTICLE
Belcher
Rest & Belcher
Caledonia
Imperial
Crown Point
Gould & Curry
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Srety Company
Ster. Knapp & CO
Statement
EINA
Heinz Securities
Colorado
Algoma Steel Mills
Gero
Rew
Sault Ste. Marie
Francis Rergue
English Capital
Anf* Carnegie
Algoma Steel Mis
Lake Superior m
United States Steel
Clergue
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Prelzer & CO
Pieler &7m
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Metro- Street Railway Company
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Republic Steel CO
Ana
Westinghouse Hopeful
Mechanics and Traders
Metropolitan Elevated Railway Co
Manhattan Railway Company
Redmond
Chestnut Street
Philadelphia
Pine Street
American Woolen Company
Guaranty Trust Company of
William H. Dwelly, Jr
Boston
Mass
Seaboard National Bank
City OF New York
Thompson
Louisville & Nashville Railroad Co
Louisville & Nashville Railroad Company
E. I. Smithers
Merchants Exchange National Bank
E. V. Gambier
Minneapolis & ST. LO Railroad CO
F. H. Davis
Mechanics’ National Bank
Frank
Roe
Cashler
Des Moines & Fort Dodge Railroad Co
H. Davis
General Chemical Company
Broad Street
James I. Morgan
Fourth Se Bank
City OF
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Charles H. Patterson
Bank of America
W. M. Bennet
Pennsylvania Company
Philadelphia, Wilmington &Baltimore Railroad Stock Trust
C. S. W. Packard
Philadelphia, Wilmington & Baltimore Railroad Stock Trust
Truman H. Newberry
Ss. P
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Chambers St
W. H. B. Totten
George B. Dunning
H.e.tener,jr
Bank For Savings
Fourth Avenue
Board of Trustees
Walter Trimble
Charles A. Sherman
James Knowles
NEW York Savings Bank
Cor
14Th St
8Th Avenue
Tee Es
William Fellinger
Archibald M. Pentz
Greenwich Savings Bank
St. E. Cor
6Th Ave
16Th St
James Quinlan
Charles M. Dutcher
Treas R. J
Park Place
HH. F. Hutchinson
L. A. Stuart
Union Square Savings Bank
Institution For the Savings of Merchants’ Clerks
No. 20
Union Square
Frank M. Hurlbut
WM. H. Rockwood
John T. Weeks
W. Emlen Roosevelt
Union Lime Savings Institution
Sixth Avenue
Greeley Square
Charles E. Sprague
Francis M. Leake
William G. Ross
Dry Dock Savings Institution
Bowery, Cor
Andrew Mills
WM. F. Patterson
Charles Miehling
Iak City OF
NEW_ YORK
7Th Ave
14Th Street
Casimir Tag
G. F. Amthor
Cha A H. Beckett
York
Whiliam Bartels
Greenwich Street
Ferdinand Bartels
Greena Street
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Csecs
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Saka
Elea
State of New York
County of
David M. Morrison
H. F. Price
Sec’y
Broad— Way
Asst
Sec
M. &. Lott
Kings County
New York County
United States Trust Company OF New York
Banks and
State of
Edward W. Sheldon
Henry E.ahern
United States Trust Company
Notary Public Kings
Netherland Bank OF
Wi. Y
Ileageeece
Ceeceesdy
County of New York
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Curtis
Heard
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Wee
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Edward Earl
Beekman Street
Epward Earl
N. D P. Alling
Berlitz School OF Languages
Madison Square
Harlem
Lenoi Ave
127Th St
Brooklyn
Court St
Asbury Park
N_ J
Phila
Fine Ae
Little Boss
J. Sshortlidge
A. M
Yale, Prin
Concordville
East Greenwich Academy
East Greenwich
BR. I
Charles Alford Stenhouse
Rye Seminary
J. Life
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Park Rxow
Young-Fulton
Mademoiselle Amyvot
20Th St
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Mary Schell
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Frederick Wetey
Frederick Wooley
Newark
Henry Ringhof, Jr
Fredie Wooley
State of New Jersey
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Abner
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Arnold Danziger
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Ernst Moritz Schneider
George Schneider
Hugo Schneider
Alfred Schneider
Greta Gottschalk
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Kurt Danziger
Elia Dpuaneiger
Gertrude Danziger
Mount Sinai Hospital
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Hebrew Technical Institute
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Or Moritz) Danziger
Saul Danziger
Greta Munter
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Selma Labiinsky
Bruro Danziger
Alfred Danziger
Lydia Becker
Elsa Danziger
Gunther Schneider
Mally Schneider
Mary Gottschalk
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Moses Rosenthal
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Rose Samuels
Max Danziger
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William Myams
Abner ¢. Thomas
Daniel
J. Dowdney
Gross & Sneudaira
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Cecelia Palmer
Sylvester D. Husted
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Elizabeth P. Anderton
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Abnert
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Ee Ee
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Gliask
Surrogmae
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Europe
Arc
Thos. Cook & Son
Madison Ave
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Lake
Jersey
Mauch Chunk Glen
Atlantic City
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T. H. Hendrickson
White Mountains
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Old South Country
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H. RK. H
Prince of Wales
Offic
Starin
Long Island Sound
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Newburgh
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Bkirn
Desbrossem St
129Th St
Soama
Franklin St
N. R
Highlands
Reaease
Long Branch