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This newspaper page contains 19 articles. Subscribers can read the full text of each article.

Newspaper

New York Tribune

Location

New York, New York, United States of America

Date

Jun 26, 1907

Page

3

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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
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