Federal Control Suggested for Railroad Capitalization
In The World's Work B F Yoakum argues for direct federal control of railroad capitalization and profits with state supervision by the Interstate Commerce Commission. He urges open accounts, no railroad pools, and government inspection to align railroads with democratic institutions and public welfare. He supports Hepburn act limits and uniform accounting.
MENTIONED IN THIS ARTICLE
B. F. Yoakum
Kock and & Pacific Railway
Express
Pubas
USA
Interstate Commerce Commission
Federal
Lic
Railro
Chicago Terminal Litigation Hits Sale of City Terminal
Attorneys for the minority creditors challenge the Baltimore and Ohio Railroad petition to sell the Chicago Terminal Transfer property arguing fraud by Harriman Gould and associates. They claim insufficient deposits and seek access to company books while the B&O continues to operate under the lease.
MENTIONED IN THIS ARTICLE
Chicago Terminal Transfermpany
United States Circuit
Baltimore & Ohio Railroad
Terminal Company
E. H. Harriman
Jes Bullman
George J. Gould
Trminal Company
Baltimore & Ohio
Edward A
Balti- Ohio Railroad
John N. Fauber
Harriman
Baltimore Railroad
Kohisaat
Cmts
Baltimore
First bale of new Hidalgo cotton sold at 40 cents
The first 507 pound bale of new Hidalgo County cotton, grown in Texas, was auctioned at the local cotton exchange for 40 cents per pound, brokered by Leigh Pearsall for Latham Alexander & Co. It had been previously sold at 29 1/2 cents in Houston and is to be shipped to Liverpool for further sale.
MENTIONED IN THIS ARTICLE
Cotton Exchange
Cents & Pound
Leigh Pearsall
Latham, Alexander & Co
Liver
Hidalgo County
Texa
Houston
Liverpool
Kansas City Railway & Light
Penver & R
Philadelphia
Charles I. Barney & O
New York
Philadelphia Texas Central
Ioow Central
Wvss
Phila Co
Penns
Inc
Penns Steel Co
Minneapolis & ST Louis
Fairmount
Missouri
Kansas & Texas
Sueqer & Steel
Ins
Tidewater Steel & Has
Raleigh
Southport Lake
Union Traction
Texas & Pacific
Lehigh Navy
Welsbach
Boo Dee OS Marsden
Maryland
Phila Co Ba
Gulf & Ship Island
Texas
Arnings
Chesterfield & Lan Aster Central
Neje
Pennsylvania
S. Ot
Tee Inc
Eee Inc
North Carolina Rate Law Suits Begin In District Court
Judge Pritchard issued an injunction against the North Carolina Corporation Commission to block enforcement of the rate law set to take effect July 1. The case, brought by the Carolina & Western Railway via Cravath Henderson & De Gersdorff, also involves the Standard Trust Company of New York. Similar actions against major railways will be argued, with officials including Presidents Finley of the Southern and Emerson of the Atlantic Coast Line arriving in Asheville.
MENTIONED IN THIS ARTICLE
Tribune
Asheville
N. C
Pritchard
North Carolina Corporation Commission
Carolina & Western R Railway
North Carolina
Cravath, Henderson & de Gersdorff
New York
Standard Trust Company of
Southern Railway
Atlantic Coast Line
Seaboard
Finley
The
Southern
Emerson
City OF
New Rochelle
City Hall
Main
Mechanic Streets
State of
Common Council
State of New York
Charles Kammermeyer
Common Council of
City of New Rochelle
Wabash Railroad Tender of Deed to City of Buffalo
The Wabash Railroad seeks repayment of 961000 from Buffalo after tendering a deed for canal property. The city refused the deed and funds saying it has met obligations while New York Central tracks intrude on the strip and the city’s grade crossings encroach. court action expected to resolve the dispute.
MENTIONED IN THIS ARTICLE
Wabash Railroad Company
City of
Buffalo
City Telegraph
The
Tribune
Wabash Rairoad
Nburz Canal
Pat Servonrly
Wabash
New York Central
Desbecker
Worcester and Webster Street Railway Case Before Court
Reston Assistant Attorney General Greenhalge urged Judge Braley to reserve for the full court the proceedings against street railway firms Worcester and Wester and Webster and Dudley under a statute for revoking charters of street railways acquired by foreign corporations. The argument cited related auxiliary actions in New York and Maine.
Merger Validity Test for Street and Steam Railroads
Proceedings before W. S Slocum test the merger between Ford Railway Company street cars and steam railroads for legality and compliance. Entities include Ford Railway Company and W. S Slocum as master in the sessions.
MENTIONED IN THIS ARTICLE
Ford Railway Company
W. S Slocum
Boston & Maine merger bill passes lower house unchanged
The bill restraining the consolidation of the Boston and Maine Railroad with the New York New Haven and Hartford Railroad until after the next Legislature was engrossed in the lower house by a unanimous vote. The measure had undergone a referendum to the people and was approved 81 to 136 before moving to the Senate for concurrent action.
MENTIONED IN THIS ARTICLE
Boston
Boston & Maine Railroad
York, New Haven & Hartford
Senate
Court and Commission Clash Over Interstate Rates
Judge Carland of the Federal Court in Sioux Falls asserts jurisdiction over interstate rail rate disputes and overrules railroads demurrer. The case involves charging 104 percent of the Chicago Sioux City rate with a June 27 deadline to abandon the old rate. Hearings are set for July 6 to determine if equal rates to Chicago and Sioux Falls should apply.
MENTIONED IN THIS ARTICLE
Sioux City
Iowa
Carland
Federal Court
Sioux Falls
S. D
Interstate Commerce Commission
Chicago
Supreme Court Affirms Webb & Prall Award Over Parker
Friday in the Supreme Court before Justice Blanchard the court refused to set aside the arbitrator’s award in favor of Webb & Prall. The award totals 279 738 44 dollars, offset against Mrs Parker’s award with the balance for arbitrator fees and interest on deposit with the City Chamberlain.
MENTIONED IN THIS ARTICLE
Supreme Court
Efoere
Blanchard
Hamilton Odell
Webb & Prall
C. T Parker
Parker
Webb & Prall of &, MM
Trolley Freight Rates Rise on Beverages and Vegetables
The American Express Company raised rates on beer and vegetable shipments via the Metropolitan Express over suburban trolley lines to Yonkers and Mount Vernon from 1b cents to % cents per hundred pounds, about a 66 2-2 percent hike. Brewers are shifting to rail routes due to costs and delays, with J W Bradley citing higher wages and materials as drivers. affected brewers include Beadleston and Woerz, Flanagan Nay, David Stevenson Brewing, and Zeltner Brewing.
MENTIONED IN THIS ARTICLE
American Express Company
Metropolitan Express Company
Metropolitan Company
Yonkers
Mount 4
J. W. Bradley
Express Compa
Beadleston & Woerz, Flanagan, Nay & Co
David Stevenson Rewing Company
Zeltner Brewing Company
Mexican Central Asked to Pay Interest on Bonds
Holders of Mexican Central bonds have addressed a letter to company officials demanding an interest payment and access to the books. The letter, signed by major holders and bankers, argues the bonds were part of the first mortgage and that creditors have seen no return for eighteen years. It cites increased company earnings and silver value as grounds for recognition, noting Mexican government creck acquisition as evidence of creditors’ improved position.
MENTIONED IN THIS ARTICLE
T Jetter
Creck
Disliked manager buys hotel in Manhattan partnership
Wilson Mizner and Oliver Barnes acquire a lease for thirty three and one third years on Motel Hand in West 49th street. They appoint the former Times Square Hotel manager to run it and Barnes hosts a lavish breakfast and private vaudeville, totaling substantial costs, before forming the partnership.
MENTIONED IN THIS ARTICLE
Wilson Mizner
Minar
Charles T. Yerkes
West 49Th Street
Oliver Barnes
Oliver Weldon Barnes
Pennsylvania Railroad
Barnes
Mizner
Times Square
Coler Objects To Track Laying In Brooklyn
Brooklyn Borough President Coler demanded Deputy Police Commissioner Keeffe halt the Long Island Railroad Company from laying trolley tracks on Atlantic Avenue between Bedford and Fort Green Place. Courts have not ruled the company’s right, work has continued for two days, and the city had paid $1 200 for improvements with an understanding no tracks would be placed. The railroad claims street middle ownership without a franchise, stirring property owners.
MENTIONED IN THIS ARTICLE
Coler
Brooklyn
Keeffe
Long Island Kyillorad Company
Atlantic Avenue
Bedford Avenue
Fort Green Place
O'Keeffe
Long Island Road
Long Island Railroad Company
Bankruptcy filings flood New York docket with receiverships
Petition details list involuntary actions by creditors against several firms including Marcus Helf and Unionport Pottery. Receivers are appointed for multiple businesses with bonds ranging from five hundred to seven thousand dollars. Principal creditors include Ringler Brewing, Duval & Co, and David L. Gerson with varying debts and assets.
MENTIONED IN THIS ARTICLE
United States District Court
Michael Keller
Ape Leathers
Second Avenue
Joseph Musliner & Co
Isaac O. Lowenthal
Robert S. Reinhave
Marcus Helf
W. Johnson
Beekman Street
Um Fironx
Johnson & Cassanova
Ringler R Brewing Company
Duval & Co
David L. Gerson
A. David
Abraham Schwartz
Ander
Ernst
Unionport Pottery Company
Theodore J. Chabet
Supreme Court
Wiliam Henkel, Jr
United States
Marshal Henkel
David Hartsilver
Bowery
Bank of Germany Weekly Return
Berlin reports the Imperial Bank of Germany weekly return with cash on hand up 15,400 marks, treasury notes up 640 marks, other securities rising 5,080,000 marks, and notes in circulation increasing 15,400,000 marks. fx dividend.
MENTIONED IN THIS ARTICLE
Berlin
Imperial Bank of Germany
Treasury
Aldermen debate auto purchases and park funding
The Board adopted a resolution asking Finance and Public Letting to study buying automobiles and to have the Corporation Counsel rule on legal public letting. It approved $29 000 for park work and $266 560 for Brooklyn parks. Borough President Coler sought 2 000 for salaries but received 300. he will request again. It also approved $590 for a mural at City College.
MENTIONED IN THIS ARTICLE
Board of Aldermen
Coler
City College
Brooklyn
Exports of Merchandise Week Ended June 2
Week ended June 2 shows trade data with figures for exports of merchandise. The snippet lists monetary amounts and percentages, indicating totals and year to date values for the period.
Chicago Grain and Provisions May Strengthen on Rainy Harvest
In Chicago during June, harvesting delays in the Southwest due to weather boosted the wheat market with September closing higher. Corn rose slightly while oats fell then recovered. provisions gained. Bulls benefited from rain in Kansas and Missouri and a firmer Liverpool market. World visible supply fell by about 3.995 million bushels, aiding the bullish outlook.
MENTIONED IN THIS ARTICLE
Chicago
Kansas
Missouri
Liverpool
Stic
Soc
Minneapolis
Duluth
Mtge
Shorts
Also Mentioned on This Page
PR. FP
Yoakum
Harriman, Stillman and Gould
Trinity Place, New York
New York City
ST. OF
Pat Talve
Herman A. Metz
Broadway
Massachusetts
Bowery Savings Bank
Henry A. Sel
William H. S. Wood
FE Knox
Justice Blanchard
Dr. C. T. Parker
Westinghouse Pleetele and Manufacturing Company News Sune
19. K, Ju
Mexican Central
Rand
Prankein Trust Company
Cty
Board of Trees
Clinton W Ludlium
NEW York Central & Hudson River Railroad Company
Edward L Rossiter
Chicago, Peoria & ST. Louis Railway Coo
Utlinos
Palmer & Co
William Street
H W. Berger
National Biscuit
T! Kk
Ter
American Locomotive Company
York
Leigh Best
Bank OF
Board of Mire
M Benn R. Cashter
Bank OF the City OF
Iw York
Charles H. Patte
Natio Lonshier
Chatham National Bank
Canadian Pacific
Bank OF Germany
Farmers’ Loan and Trust Company
Fifth Avenue
London
Bishopsgate St
Paris
Rue de
Metropolitan Trust
Whitlam L Ball
Walliam Carpender
D Crawford Clark
Henry W DeForest
Haley Fiske
Charles R Henderson
Robert Hoe
Brayton Ives
Morris K. Jesup
Edward B Jadson
Lewis Cass Ledward
Robert H. McCurdy
Bradley Martin
DO Mills
E D Morgan
Richard Mortime
John E Parsons
Charles M_ Pra
Anton A
Raven Norman B. Ream
John L. Riker
George R Sheldon
J Edward Simmons
John W Simpson
Joseph J Slocum Francis
John T Geo Henry A Willgm A
Whire
William
James L. Wandl
Archibald M
Elsinger
Casimir Tag
G F Amthor
Treneur-r
Thirty Fourth Street National Bank OF New York
West 34Th Street
Association
Borough of Manhattan
City of New York
Thirty-Fourth Street National Bank of New York
Therland Bank OF
WY York
New Netherland Bank of New York
Curtis J. Beard
Cashter
Ellison
Chicago Grain and Provisions
Worristown Trust CO
N. Y
Samuel Freeman
James A. Webb
Willard W. Cutler
Pres. Inc
H B Cortell
Sec’y
Harry A. van Gilder
Treas
Ralph 5. Streett
Asst
Sec’y and
Chambers St
Board of Trustees
Thomas McUlry
John J. Pulleyn
Mptrotler
Union Square Savings Bank
Institution For the Savings of
Mer No 20
Union Square Tamis’ Clerks
Frank M Hurlbest
William H Rockwood
John T. Weeks
Wemlen Roosevelt
Irving Savings Institution
Chambers Street
H OB. Totten
George Bkb Dunning
Dry Dock Savings Institution
Cor
Aose
Andrew Mills
Charles Miehling
WM. F. Patterson
Greenwich Savings Bank
James Quinlan
Charles M Ditcher
J. Hampden Robb
Charles FE Sprague
Francis M Leake
William Gross
Citizens’ Law
Bank Nal ST
BOWE
Henry Hasler
Henry Sayler
Emil A Huber