Separate interests loom over Detroit Toledo and Ironton notes
A Detroit meeting disclosed dispute between Arbor interests and Detroit Toledo and Ironton notes holders. Newman Erb denied acting for Rudolph Kleybolte’s syndicate backing $5.5 million collateral trust notes. A public sale of collateral to satisfy notes was planned, with Rollins firm poised to gain control of the line through secured stock.
MENTIONED IN THIS ARTICLE
Gabon
Eran Arbor
Detroit, Toledo & Ironton Bew
Peireat
Arbor Railroad Company
Newman Erb
Rudolph Kleybolte
Detroit, and & Ironton
Ann Ang
Erb
Detroit, Toledo & Ironton
Ann Arbor
de Toledo & Ironton
Tribune
Detroit
Tyne & Ironton
Klevbolte & Co
United States Mortgage and Trust Company
Ges
H. B. Holins & Co
Josiah Ramsey, Jr
Ace
Newman Erbgui C. C. Dickinson
Carnegie Trust Company
Pts
Federal liability order trims surety bond limits
Washington June 23 nine executive departments issue a current order changing liability rules for fidelity and surety companies on United States bonds. The regulation raises liability to a percentage of capital and surplus on certain bonds, easing the prior ten percent cap. The move, amid heavier bond volumes and rail and warehousing bond use, affects transportation and tax warehouse bonds under federal supervision.
MENTIONED IN THIS ARTICLE
Washington
Fidelity and Surety
United States
Knapp and Co Bankruptcy Schedules Filed at Court
Liabilities listed at 1 611 184 68 and assets at 1 053 733 88 for the broker firm Coster Knapp Co of Broadway. Schedules show real estate 16 000, cash on hand by John M Knapp 2 250 58, bills and securities 1 005 64, stocks and steady hands 710 500, unsecured claims 1 447 040, total unsecured claims against John M Giepp 5 425 82, filed by John M Searp with his own liability included.
MENTIONED IN THIS ARTICLE
Coster, Knapp & Co
Broadway
United States District Court
John M. Knapp
JM. Knapp
Fem
John M Pp
John M. Giepp
John M. Searp
Labili
EINA CUTS ITS CAPITAL ONE HALF
The brief stockholders meeting of the Indiana Indemnity Company cuts capital from 500000 to 200000 and transfers the reduction to surplus. The move removes Heinze influence and assets as a New York syndicate seeks replacement stocks and bonds at likely low values.
MENTIONED IN THIS ARTICLE
EINA
Tribune
Bartford
Conn
Tna Indemly Company
Heinze
Ineerence Commissioners of
Colorado
Pnes
Union talks fail as June scale expires at Republic plants
Telegraph report notes Amalgamated Assoc Iron and Steel Workers and Vulcan fail to reach a new contract with Republic Iron and Steel Company in Youngstown and surrounding areas. June 2 marks expiry of the Bien Scale, with Mild dispute over wage cuts and foothold in mills. Stockholders of Havana Central Rail vote to issue 2.5 million dollars in bonds to fund equipment purchases and debt reduction, with bonds likely sold to London banks.
MENTIONED IN THIS ARTICLE
Iby
the Tribune
Amalgamated
Associat Iron and Steel Workers of America
O F Vulcan
Republic Iron and Steel Company
Stier
Youngstown
Ohio
Republic
Appis
Havana
London Benk- Stecarse
Westinghouse Hopeful on Merchandize Creditors Plan
The Westinghouse readjustment committee led by James N. Jarvie reports strong gains in subscriptions to the $10,000,000 new assenting stock for the merchandise creditors rehabilitation plan. Members said increases over prior figures, with the employees’ committee alone reporting about $600,000 subscribed. A meeting today will decide if the plan is operative, and rumors of a syndicate to cover unsubscribed stock 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
Saaid
Manhattan Railway Company
New York
Cotton Breaks Badly In Market Selloff
The cotton market fell sharply as W R Craig of Craig and Jenks, a leading pool member, was reported ill and hospitalized with appendicitis. July dropped to 9.63 cents, August to 9. ... Large spot houses bought near day’s bottom, sparking a rally to 9.93 for July and 9.84 for August, while some firms blamed quotation discrepancies between July August and new crop positions for the decline. Friday was noted as tendering day.
MENTIONED IN THIS ARTICLE
W. R. Craig
Craig & Jenks
Craig
Brooklyn Bank Opens With Deposits Surpassing Withdrawals
The reorganized Brooklyn Bank welcomed many new deposits at noon yesterday, with Ludwig Nissen and Charles M. Higgins among depositors. Flowers arrived for the bank and congratulatory telegrams poured in as officers and directors celebrated a gala reopening.
MENTIONED IN THIS ARTICLE
Brooklyn Bank
Ludwig Nissen
Charles M. Higgins
Bank Resumption Plan Gains Depositor Backing
Eighty five percent of Mechanics and Traders Bank depositors approved the plan to resume business. Trustees expect full nine percent needed within days, and Equitable Trust will lend Merchants and Traders Bank one million dollars. Paul Grout says a fourteen thousand bonus is the lowest such commission he knows, citing other large trust company bonuses for similar loans.
MENTIONED IN THIS ARTICLE
Mechanics and Traders’ Bank
Equitable Trust Company
Paul Grout
Williamsburg Trust Company
Metropolitan Trust Company
Oriental Bank
Large Decrease in Immigration Reported for May 1908
Washington reports from the Secretary of Commerce and Labor show May 1908 immigration to the United States from all countries totaling 36,317, a 7 percent drop from May 1907 and an 8 percent fall from May 1907. Six months ending May 21 198 show 227,283 arrivals, with declines from 1905 and 1907 figures. Net immigration for eight months ending February 29 1908 stands at 262,751. Secretary Straus says supply and demand govern movement and expects year end totals to show departures nearly equal to admissions.
MENTIONED IN THIS ARTICLE
Washington
Secretary of Commerce and Labor
United States
Straus
Canadian resorts described by railway booklets
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 promote Canada and the Canadian Rockies including Banff and Glacier as authentic vacation country with the greatest scenery in the world.
MENTIONED IN THIS ARTICLE
Canadian Pacific Railway
Broadway
Far East
Montreal
Quebec
St. Andrews-by-the-Sea
Canada
Muskoka Lakes
British Columbia
Canadian Rockies
Banff
Glacier
Toledo Ice and Coal Co Pleads Guilty in Rebates Case
In U S Court today the Toledo Ice and Coal Company pleaded guilty to three counts charging it with receiving rebates from the Ann Arbor Railroad Company. Judge Taylor fined $1200 on each count. 152 counts were dismissed. Indictments under the Hepburn law.
MENTIONED IN THIS ARTICLE
Toda
Toledo Ice and Coal Company
Ann Arbor
Taylor
Building Trades Show Revival In City
Several unions in the building trades report revived business with expectations of further improvement before fall. Bricklayers are at work on the tunnel project in West agg street, with hundreds more to be hired soon. Sheet metal workers note higher demand, and other trades echo improved hiring. Clothing trades also report pickup in the West.
MENTIONED IN THIS ARTICLE
Pennsylvania Company
Chestnut Street
Philadelphia
Philadelphia, Wilmington &Baltimore Railroad Stock Trust
C. S. W. Packard
Philadelphia, Wilmington & Baltimore Railroad Stock Trust
Building Trades
Westagg Street
State of New York
County of
New York
Isa Adams Brown
Curtis 1
Beard
New Netherland Bank of New York
City of New York
34Th Street
J. Adams Brown
Curtis J. Beard
T. van Loan
T . Notary
YORK
Nassau Bank
Rates Cut in Excess Baggage on Southern Pacific
San Francisco reports official announcement that excess baggage rates on Southern Pacific lines will be reduced by half starting July 1. The current charge stands at one cent per mile for every hundred pounds of excess weight.
MENTIONED IN THIS ARTICLE
American Woolen Company
Merchants Exchange National Bank
City of New York
E. V. Gambier
Board of Directors
San Francisco
Southern Pacific
Also Mentioned on This Page
Go Sars Newman
Toledo & Ironton
Ster. Knapp & CO
Statement
Heinz Securities
Algoma Steel Mills
Sault Ste. Marie
Francis E Clergue
An- Cemegie
Algoma Steel Mill
Lake Superior
United States Steel
Clergue
Lake Superior Corporation
Mrelzer & CO
Gietore & Co
Republic Steel CO
Avana
Westinghouse Hopeful
Mechanics and Traders
Toledo
Metropolitan Elevated Railway Co
Redmond
Pine Street
Guaranty Trust Company of
William H. Dwelly, Jr
Boston
Mass
Seaboard National Bank OF the City OF
C. Co. Thompson
Louisville & Nashville Railroad Co
Louisville & Nashville Railroad Company
E. N. Smithers
Minneapolis & ST. Louis, Railroad
F. H. Davis
Detroit & Mackinac Railway CO
Wall St
New York City
Henry K. McHarg
Wall Street
C. RB. Colebrook
the Mechanics’ National Bank
Frank C. Roe
Des Moines & Fort Dodge Railroad Co
Boa of Directors
Fr. H. Davis
General Chemical Company
Broad Street
James L. Morgan
Fourth National Bank
Charles H. Patterson
Bank OF America New York
W. M. Bennet
Navy Department
Truman H. Newberry
Bureau of Supplies and Accounts
D. C
Navy Yard
N. Y
Navy Pay Office
Bureau
E. B. Rogers
Ss. P
Irving Sétrenss
Chambers St
W. H. B. Totten
George B. Dunning
H.e.tener,jr
Bank For Savings
City OF
Fourth Avenue
Board of Trustees
Walter Trimble
Charles A. Sherman
James Knowles
NEW York Savings Bank
N. W. Cor
14Th St. and &Th Avenue
Alx
William Fellinger
Archibald M. Pentz
Greenwich
6Th Ave
16Th St
ITM
James Quinlan
Eae Se
Park Place
RB. 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
EEKS
Mlen Roosevelt
Wnday
Dime Savings Institution
Yadway
ST. and
Sixth Avenue
Reeley Square
U RR
Charles E. Sprague
Francis M. Leake
William G. Ross
Ahe City OF
NEW_ YORK
Cor
Ith Ave
14Th Street
Casimir Tag
G. F. Amthor
Washington Trust Company
Resources
Unds
Tock
Vizae Securities
Eancecesansee
Cornote
David M. Morrison
H. F. Price
M. &. Lott
Kings County
New York County
United States Trust Company OF New York
Gulthhaldele
State of
Edward W. Sheldon
Henry Eahern
United States Trust Company
Henry E. Ahern
Philip L. Watkins
Notary Public Kings Co
NEW Netherland Bank OF Hyresoif
Maorteages
County of New York
John Munro
Edward Earl
Beekman Street
Alling
Charles H. Beckett
Ferdinand Bartels
Greenare Street
Borough of Manhattan
E. Beardsley
Nassau Street
Eee
Berlitz School OF Languages
Madison Square
Harlem
Lenoi Ave
127Th St
Brooklyn
Court St
Asbury Park
N_ J
Phila
Yale
Prin
Concordville
Box
East Greenwich Academy
East Greenwich
R. I
Charles Alford Stenhouse
M. A
Rye Seminary
J. Life
Stowe
Rye
Park Row
American and Foreign Teachers’ Agency
Mre
M J. Young-Fulton
Mademoiselle Amyot
Madison
Yodey
Frederick
Mary Schell
East 49Th Street
Frederick Woodey
Frederick Wetley
Newark
Henry Ringhof, Jr
Frederick Wooley
L.S
Abner
Thomas
Daniel J. Dowdney
Surrogates’ Court
Julius Danziger
Siegfried Danziger
Casper Danziger
Arnold
Danziger
Adolph Danziger
Bernhard Danziger
Ernst Moritz Schneider
George Schneider
Hugo Schneider
Alfred Schneider
Greta Gottschalk
Edith Susskind
Gerhard Danziger
Lilli
Elisabeth Danziger
Eva Danziger
Agnes Danziger
Kurt Danziger
Ella Danziger
Gertrude Danziger
Mount Sinai Hospital
Montefiore
Hebrew Orphan Asylum
Hebrew Technical Institute
Educational Alliance
City of Ane York
Hebrew Sheltering Guardian Society
Congregation Bnai Jeshurun
Congregation
Beth Israel Biky
Chaim
Seaman Danziger
Badt
Malwine Schneider
Johanna Frankel
Chilie Cohn
Moss
Moritz) Danziger
Salli Danziger
Greta Munter
Johannes Jakob Danziger
Hugo Danziger
Selma Lubiinsky
Aruro Danziger
Alfred Danziger
Lydia Becker
Elsa Danziger
Gunther Schneider
Mariv Schneider
Mary Gottschalk
Magot Susskind
Hannan Rosenthal
David Rosenthal
Moses Rosenthal
Frances Davis
Rose Samuels
Max Danziger
Virginia Danziger
William Hyams
Abner C Thomas
Gross & Sneiudaira
Borough of
Manhattan
Francis Asbury Palmer
Cecelia Palmer
Sylvester D. Husted
David E. Miles
James R. Palmer
William B. Anderton
Elizabeth P. Anderton
Woodlawn Cemetery Association
Palmer Christian College
Union Christian College
Trustees of Hamilton College
Congregational Sunday School and Publishing Society
Westchester County
Elon College
Chapin Home
Presbyterian Hospital
Presbyterian Church of
Hall of Records
Charlies J. Day
William Abbott Andichard B Kelly
New West
Abner L
C. Thomas
Dantel JI Dowdnbey, Ciera
The
Ballston
Frederick H. Beach
Eastern New York Railroad Company
Philadelphia Banking House
Andes
Belcher Best
Belcher Bullion
Caledonia
Chollar
Cal & Va
Imperial
Crown Point
Gould & Curry
Hale & Norcross
Kentucky
Occidental
Niagara Falls
Atlantic City
Thousand Islands
Montreal and
Lakes
Bermuda
Europe
THOS
Cook & Son
Madison Ave
Fifth Ave
Board Entraly
Lake Hopatcong
Mauch Chunk Glen
White Mountains
Montreal and Lakes
Nova Scotia
Old South Country
Saguenay River
Provinces
Gt Lakes
Yellowstone Park
T. H. Hendrickson
Fulton St
N. YY
Uebec Tercen
Prince of Wales
Starin
Long Island Sound
Hudson River
Richmond
Cortlandt ST Piers
N.Y
Cortlandt
West Point
Newburgh
Poughkeepsie
Palace
Desbrosses
Ves Fraklin St
N. R
Highland A
Long Branch