Toledo Railways and Light to Default July Interest
The Toledo Railways and Light Company will default the July 1 interest on its 4 percent consolidated first mortgage bonds totaling 34 566 000 outstanding. The bondholders protective committee led by Norman B Ream supports a reorganization plan while preserving payments to the July coupons on related bonds. The firm faces maturing bonds near 16 million and a 2 5 million floating debt, with franchise expirations looming next summer and franchise extensions uncertain.
MENTIONED IN THIS ARTICLE
Toledo Railways and Light Company
Norman B. Ream
Senkers
Toledo Consolidated Street Railway First Mortgage
Teledo Traction Company
First Consolidated Mortgagers
Everett-Moore
Toledo
Ohio
Toledo Traction Company
Toledo & Western Railroad Company
Ottawa Beach Railway Company
Maumee Valley Railways and Light Company
Manhattan Railway Company
New York
Mechanics and Traders Bank Faces Resumption Standstill
The Mechanics and Traders Bank remains closed after failing to secure 9 percent depositor consent for resumption. Only about 5 percent approved, with stockholders meeting today to discuss opposition. State official Clark William awaits sufficient signatures before reopening. Edward M. Grout named as potential president.
MENTIONED IN THIS ARTICLE
Mechanics and Traders’ Bank
Broadway
Prince Street
Brooklyn
Manhattan
Clark William
Mechanics’ and Traders” Bank
Edward M. Grout
Coster-Knapp Examination Concludes Before Referee
The examination into the affairs of the bankrupt brokerage firm Coster Knapp & Co. ended before Commissioner Alexander and will proceed before Peter B. Olney. Much time focused on tracing stock transfers between Coster Knapp and Marshall Spader & Co with Langdon B. Wood testifying forMarshall Spader. E L Mooney objected to questions, while Menken stated the inquiry aims to reveal assets and found no findings against Marshall Spader.
MENTIONED IN THIS ARTICLE
Coster, Knapp &c
Alexander
United States
Peter B. Olney
Coster, Knapp & C O
Marehall, Spader & Co
Menken
Coster, Knopr & Co
Marshall, Spader & Co
Western railroad changes trigger resignations and new posts
San Francisco reports Thomas A. Laween resigns as superintendent of the Western division of the Southern Pacific and is likely to head the Chicago & Northwestern. J H Wallace also resigns from maintenance of way. John Quincy Barlow, former Western Maryland chief engineer, will replace him in the Western Pacific post.
MENTIONED IN THIS ARTICLE
Tribune
San Francisco
Thomas A. Laween
Southern Pacific
Chicago & Northwestern
J. H. Wallace
Pacific
John Quincy Barlow
Western Maryland Railroad
Cumberlend
Calvin
G. E. Kissel
Gustave E. Kissel
St. Louis & San Francisco Railroad Company
Chicago & Eastern Illinois Railroad Company
Rock Island Company
Chicago & Eastern Illinois
Frisco
Bankruptcy Petitions Filed in U S District Court
A stream of bankruptcy filings lists multiple involuntary petitions including Clemes & a Brien Company at 15k Broadway with $1,295.40 claimed for goods and services and a $3,000 bond for receiver Henry elville. various schedules show large liabilities and modest assets across firms at 129 Front Street 377 Broadway 137 West 17th Street 162 East 16th Street and others. voluntary filings include Sidonie Gluck and J B Brewster & Co with significant asset data. many creditors named and discharges ordered for several individuals.
MENTIONED IN THIS ARTICLE
United States District Court
Clemes & «A Brien Company
Broadway
G. W. Faber
Henry Elville
Hereld F. de Revere
Front Sffeet
Kaufman Advertising Agency
Filmer Engraving Company
West 17Th Street
East 16Th Street
Company of America
National Bank of Rosebury
National Resk of
Stamford
Augustus Dielsen
West Side Bank
E. A. Karelson
Heighth Avenue
Delaware and Otero Dairy Company
Denis M. Gallo
Willson, Adams & Co
Petty
Sidonie Gluck
West Sath Street
J. B. Brewster & Co
Seventh Avenue
East
Evock
Frank Moss
Fifth National Bank
Max Sheinbers
East Broadyf
One Oriental Bank
Pasquale Pati & Son
Elizabeth Street
Susan W. Selfridge
H. and
S. Krieger
Emmanuel Weill
Mercedes Traportingay
John R. Watts
Charles Seli
Charies Perry
Seymour J. Sehtoes
Mujtener
Sugar Cartage Allowance Questioned by ICC
Interstate Commerce Commission heard arguments on the legality of a two cent per hundred pound cartage allowance for sugar shipments into New York. The case notes the Philadelphia price advantage for refiners and the effort to equalize costs for New York refiners. Attorneys for the commission and several rail and steamship lines presented briefs.
MENTIONED IN THIS ARTICLE
Washington
Interstate Commerce Commission
New York City
New York
Philadelphia
John H. Marble
Clyde Brown
New York Central Lines
William 8. Jenney
Delaware, Lackawanna & Western
H. M. Andrews
Erie
F. H. Janvier
Lehigh Valley
R. Walton Moore
Ocean and Old Dominion Steamship Lines
F. C. Dillard
Southern Pacific Steamship Company
Mr. Parker
Baltimore & Ohio Railroad Company
Railroads tighten packing rules to curb transit damages
Officials enforce stricter packing on freight across 416 railroads with a 2 percent surcharge on all boxes not built to strong standards. Existing rules already levy 10 percent extra for strawboard and similar materials as damages claims mount, with the Pennsylvania Railroad reporting 452000 dollars paid last year. The measure aims to cut losses by ensuring sturdier crates and preventing further claims.
MENTIONED IN THIS ARTICLE
Pennsylvania Railroad
Rail road workers renew agreement July 1 with longer shifts
The Coney Island and Brooklyn Railroad Company and a worker committee signed a working agreement to take effect July 1, renewing a years old pact. The main change increases driving hours for trippers to thirteen per day and allows swings for meals to boost earnings. Providence coal men not guilty in conspiracy charge. In a Supreme Court ruling the 137 defendants were cleared after eight questions were answered by the court.
MENTIONED IN THIS ARTICLE
Coney Island & Brooklyn Railroad Company
Road
Providence
Supreme Court
Superior Court
Railroad Earnings Across Major Lines in June Report
The June report lists earnings and miles for lines including Alabama Great Southern, Cincinnati New Orleans & Texas Pacific, Chicago Great Western, Detroit Toledo & Ironton, Georgia Southern & Florida, Twin City Rapid Transit, Atchison Topeka & Santa Fe, and Detroit United. Figures cover gross and net earnings, operating expenses, and May to June totals, with several banks and systems cited for comparison. The data includes monthly summaries and year to date totals for each railroad system accredited.
MENTIONED IN THIS ARTICLE
Ann Arbor
Alabama Great Southern
Indinnati
New Orleans
Texas Pacific
Chicago Great Western
Chicago
Indianapolis
Louisville
Siness
Detroit United
Georgia
Soluthern
Florida
Twin City Rapid Transit
TSS Ane
Aatechison
Topeka & Santa FE
Ee Ee Srs
Twin City
Andrew J
Adrian H. Muller & Son
William ST
Exchange
Vesey Street
Standard Oil Co
Brooklyn Union Elevated R. R
United Shoe Machinery Co
Union Pacific R. R. Co
Southern Railway
United States Steel Corp
T. Paul R. R. Common
C. Pd
Louisville Property Co
Meadow Brook Club
Cannel Coal Co
Ohio Southern R. R. Co
Life Insurance Club of
N. Y
She. Motzorongo Company
Obispo Rubber Plantation
American Cotton Oil Co
P. E. Bond
Penn. Allen Portland Cement Co
National Salt Co
Westinghouse Air Brake Co
Westinghouse Electric & Manly. Co
West Shore R. R. Co. Guer
Lake Erie & Western R. R. Co
Y c
Mexican Flue & Lumber Co. S. A
Mexican Exploration & Development Co
Marcon Wireless Telegraph Co. of America
New Haven & Hart. R. R
P. c
West Virginia Midland R. R. Co
Acker, Merrall & Condit Co
Guardian Trust Co
Carnegie Trust Co
Lincoln Trust Co
Mlinois Central
John A. Mead
John A. Mead Mfg
New York
Alaska Development Co
Norfolk & Southern
Ist & Reg
Skg. Fund
Columbus
9Th Ave
General Transfer & Storage Co
Presd
Fliat Nat'l Bank of Brooklyn
Columbia Bank
Carnegie Trust
the Insurance Press
Carnegie
Cincinnati
Bluffton & Chicago
R. BR. Co
C. K. Davis Coal Co
Cotton futures measure defeated in Senate vote
Baton Rouge Louisiana June 29 The Marston bill prohibiting trading in cotton futures was defeated in the Senate by a vote of 2% to 12 The defeat makes anti future legislation impossible at this session
MENTIONED IN THIS ARTICLE
Baton Rouge
Marston
Senate
Commerce Commission Enjoined Over Coal Car Distribution Order
The Interstate Commerce Commission was enjoined in federal court from enforcing an order against Illinois Central and Chicago and Alton railroads to change coal car distribution methods to mine owners and others. Judges Gresweup Baker and Kobl saa heard arguments two weeks ago in Chicago. June 29.
MENTIONED IN THIS ARTICLE
Interstate Commerce Commission
United States Circuit
Illnois Central
Chicago & Alton
Gresweup, Baker and Koblsaat
Chicago
Also Mentioned on This Page
Western Railroad
JT Yiah
Philadelphia the Reading & Reading Railway Company
Philadelphia & Reading Coal & Iron Company
Philadelphia & Reading Mailway
Philadelphia & Heading Coal & Iron CO
Ding Company
Inc
Accon
Philadelphia & Reading Railway
Philadelphia & Facing Coal & Iron CO
Na Inc
Boston
Mass
St. Louis
Pittsburgh
Oswego
Cleveland
Jersey City
N. J
Boston & Albany
Vandalia
Consol
Chicago Junction Railroad
First Mortgage
Okla
New York Central
New York, New Haven & Hartford
N. W. Harris & CO Bankers
Pine Street
William New York
Metropolitan Elevated Railway Co
Chestnut Street
Vera Graz & Pacific R. R. CO. Ist
Speyer & CO
Pine St
Merchants Exchange National Bank of
City of New York
MHS
E. V. Gambier
Des Moines & Fort Dodge Railroad Co
Board of Drectors
Wneners H. Davis
Michigan Central Railroad
Grand Central Station
Charles F. Cox
Canada Southern Railway CO
Lake Shore & Michigan Southern RY. Co
Nso
Maryland Coal Company
No. 1
Board of
HB. Nedham
Minneapolis & ST. Louis Railroad CO
Des Moines & Fort Dodge Railroad Company
Broad Street
FH. Davis
Virginia-Carolina Chemical Co
Richmond
Virginia
Ss. W. ‘Travers
American Locomotive CO
Church Street
Crose
S. T. Callaway
Citizens Central National Bank OF New York
Board of Directors
Albion K. Chapman
Texas Central Railroad Company
Farmers’ Loan & Trust Company
D. Comyn Moran
H. B. Claflin Company
Corner Church & Worth Streets
D. N. Force
NEW York and New Jersey Telephone Company
Willoughby Street
Ford Huntington
Bowling Green Trust Co
William M. Laws
THE
Bank OF America
W. M. Bennet
Peoples Bank of
City of
TNE
William Milne
Cashier
Fourth National Bank
Proximoe
Charles H. Patterson
Garfield National Bank
Twenty-third St
Sixth Ave
W. L. Douglass
Fifth Avenue
Forty-second Street
W. S. Griffith
SAN Francisco and North Pacific Railway Company
Tadenburg, Thalmann & Company
Pittsburg
Schoenberger
American Steel & Wire Company
Steel Pla
Commerce Commission
North River Savings Bank
34Th St. Bet
Samuel D. Styles
Frederick N- Cheshire
Charles F. Turton
Union Dime Savings Institution
Sixth Avenue
Greeley Square
Charles E. Sprague
Francis M. Leake
William G. Ross
Irving
Chambers St
W. H. B. Totten
Eorge B. Dunning
Me.tener,jr
Citizens’ Savings Bank
Bowery
Cor
Canal ST
Henry Hasler
Henry Sayler
Emil A. Huber
Greenwich Savings Bank
Ss. E. Cor
6Th Ave
16Th St
James Quinlan
SEH
ArcHiEert Duan M. Dutcher
Treas’. Abb
Francis M. Bacon, Jr
Seamen’s Bank For Savings
Wall Street
Savings Bank
DANI
George M
NEW York Savings Bank
N. W. Cor
14Th St
Sth Avenue
William Fpellinger
James Y. Wandling
Archibald M. Pentz
Massachusetts Agricultural College
Ambherst
Fred C. Kenney
Amoherst
Amherst
Marquis F. Dickinson
State St
D. C
Police Court
Engineer
Bn C
Henry F. FP. Macparland
Henry L. Wet
Jay J. Morrow
D, C
Yellowstone
Comfort
Ray
Mond & Whit
Alaska
Rockies
Europe
New England
Canada
Raymond & Whitcomb Co
Fifth Ave
Bet
Hudson
West Point
Newburgh
Poughkeepsie
Palace Iron Day Line
Hendrick Hudson
Albany
Fulton St
Annex
Brosses St
Mary Powell
Desbrosses St
West Shore
Hotel Board
Niagara Falls
Atlantic City
Montreal and Lakes
Long Island Sound
Hudson River
Gien
All Times
Cortlandt
ST. Piers
Red Bank
Highlands
Long Branch
Asbury Pare
State OF
James M. Brooks
Harry R. Munsell
Willard Brooks
Harrison Brooks
Margaret Spear Benson
Sarah E. Osborne
Ida Spear O’neill
Nannette Spear Smock
Eugene Munsell
County of
Harriet A. Munsell
New Yorks
Abner
Thomas
Daniel J. Dowdney
Surrogate’s Court
Millicent Smith
Floyd L. Smith
Loyal L. Smith
Ourrogate
Oe v. Thomas
Berlitz School OF Languagea
Madison Square
Harlem
Lenox Ave
120Th
Court St
Asbury Park
Starkey Seminary
Seneca Lake
Watkins
Gmusic
Commerce
M. Summerbell
Lakemont
Connecticut
Tekeville
Taconic School For
Beautiful Lake
Berkshire Hills
Lilian Dixon
Wellesley
Brye Mawr
Bertha Bailey
RYE Seminary
Frances Gilman School For
Lake St. White Piaina
American and Foreign Teachers Agency
Tes
Eta
Ileges
M J Young-Fulton
Po'cinek P. m
125Th
Téth
Tith Sts
Gistot
1St Ave
Tremont
Telegraph Ofice
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