Toledo Railways faces interest default and reorganization plan
The Toledo Railways and Light Company will default July 1 interest on its 4 percent consolidated first mortgage bonds totaling about 4.87 million. A bondholders protective committee led by Norman B. Ream backs the plan to reorganize, focusing on arranging extensions for franchises and stabilizing finances amid large upcoming maturities and floating debt.
MENTIONED IN THIS ARTICLE
Toledo Railways and Light Company
Enkers
Toledo Consolidated Street Railway
Toledo Traction Company
First
Toledo
Ohio
Toledo & Western Railroad Company
Ottawa Beach Railway Company
Maumee Valley Railways and Light Company
Manhattan Railway Company
New York
Debtor Consent Hurdle Delays Mechanics and Traders Bank Reopen
The Mechanics and Traders Bank remains closed despite ample resources as it fails to secure 9 percent depositors consent to resume. Directors met at Broadway and Prince Street with managers from ten Brooklyn and three Manhattan branches citing insufficient signatures. Clark Williams, State Superintendent of Banks, won't authorize reopening without the required consent, while Manhattan and Union Bank branches show the largest refusals. Edward M. Grout is mentioned as a potential president of the restructured bank.
MENTIONED IN THIS ARTICLE
Mechanics and Traders’ Bank
Broadway
Prince Street
Brooklyn
Manhattan
Clark Williams
Union Banch
Coster Knapp Examination Concludes In Bankruptcy Case
The examination into Coster Knapp & Co bankrupt brokerage ended before Commissioner Alexander. Proceedings move to referee Peter B. Oimery. Focus was tracing stock transfers with Marshall Spader & Co. Langdon B. Wood testified. E L Mooney opposed certain questions. Menken said the inquiry seeks firm assets and found no reflections on Marshall Spader & Co.
MENTIONED IN THIS ARTICLE
Coster, Knapp &c
Alexander
United States
Peter B. Oimery
Coster, Knapp & Co
Marehall, Spader & Co
S. Menken
Coster, Knopr & Co
Marshall, Spader & Co
Western Railroad Changes Shake Southern Pacific Leadership
Thomas A. Lawson resigns as superintendent of the western division of the Southern Pacific and is likely to become division superintendent of the Chicago and Northwestern. J H Wallace also resigns after fifteen years with the Southern Pacific. John Quincy Barlow succeeds as chief engineer of the Western Maryland Railroad and moves to this new post in the western system.
MENTIONED IN THIS ARTICLE
Tribune
San Francisco
Thomas A. Lawson
Southern Pacific
Chicago & Northwestern
J. H. Wallace
Pacific
John Quincy Barlow
Western Maryland Railroad
Cumberlend
Calvin
Bankruptcies Move Through City Courts Involuntary Actions
Involuntary petitions filed in the United States District Court list Clemes & O’Brien Company at 115k Broadway with assets around 6 000 and liabilities near 45 000, Henry elville named receiver with 3 000 bond, and other entities including Kaufman Advertising Agency, Filmer Engraving Company, White Clover Farms, Denis M Gallo, Sidonie Gluck, J B Brewster & Co, and Pasquale Pati & Son with varied liabilities and assets. Discharges granted to several individuals and firms including Susan W Selfridge Emanuel Weil Mercedes Importing Company John B Watts and others.
MENTIONED IN THIS ARTICLE
Clemes & O'Brien Company
Broadway
G- W. Faber
Henry Elville
F. de Revere
Sffeet
Kaufman Advertising Agency
Filmer Engraving Company
West 17Th Street
East 86Th Street
Trust Company of America
Wall
National Bank of Rosebury
National Bank of Stamford
Augustus Dielsen
West Side Bank
E. A. Karelson
Highth Avenue
Delaware and Orsego Derry Company
Denis M. Gallo
Willson, Adams & Co
Perty
Sidonie Gluck
Barks
Frank Moss
Fifth National Bank
Max Sheinberg
East Broaday
Ohental Bank
Pasquale Pati & Son
Elizabeth Street
Herth
Susan W. Selfridge
H. and
S. Krieger
Emanuel Weil
Mercedes Importing Company
John BR. Watts
Charles Seli
Caries Perry
Seymour J. Schloss
Moltener
Sugar Cartage Allowance Contested By Interstate Commission
The Interstate Commerce Commission heard arguments on the two cent per hundred pound cartage allowance for sugar shipments entering New York. The case seeks legality and whether the cartage is part of the carrier rate. Defendants include New York Central lines and several rail and steamship companies. briefs due in fifteen days.
MENTIONED IN THIS ARTICLE
Washington
Interstate Commerce Commission
New York City
New York
Philadelphia
John H. Marble
Clyde Brown
New York Central Lines
Williams. 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 impose stricter packing rules to curb damages
The 416 railroads in the classification territory announce tougher packing standards for freight beginning today. Packages in weak boxes face 20 percent extra charges, on top of existing 10 percent penalties for strawboard or similar materials, as experts link cheap packing to rising transit losses. The Pennsylvania Railroad alone paid 452000 in damages last year, prompting harsher enforcement to reduce future claims.
MENTIONED IN THIS ARTICLE
Pennsylvania Railroad
Coney Island Rail Road Workers Reach Renewal Agreement
Officials of the Coney Island and Brooklyn Railroad Company and a worker committee signed a working agreement to take effect July 1. The renewal extends several years with an expanded thirteen hour day for trip pers and meals swung for higher earnings. The agreement runs to July 1, 1909. Providence coal dealers cleared of conspiracy charges in a Supreme Court ruling freed them from culpability after a February 1907 indictment.
MENTIONED IN THIS ARTICLE
Coney Island & Brooklyn Railroad Company
Road
Providence
Supreme Court
Superior Court
New York
Millicent Smith
Floyd L. Smith
Loyal L. Smith
Kim
County of
Hall of Records
Loral L. Smith
Lloyd L. Smith
Will
Thomas
Railroads Report 1908 Earnings Across United States
The table lists earnings and miles for lines including Ann Arbor, Alabama Great Southern, Cincinnati New Orleans & Texas Pacific, Chicago Great Western, and others. It covers third week of June figures, July 1 to June 21 periods, and totals for net earnings, gross earnings, and operating expenses, with notes on May values and various surplus figures.
MENTIONED IN THIS ARTICLE
Ann Arbor
Alabama Great Southern
Cincinnati
New Orleans
Texas Pacific
Chicago Great Western
Chicago
Indianapolis
Louisville
Detroit
Toledo & Ironton
Detroit United
Georgia Southern & Florida
Twin City Rapid Transit
Atchison, Topeka & Santa FE
WIN City Rapid Transit
Andrew J. McCormack
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
New York & Hariem R. R
N. Y
Lackawanna & Western R. R
United States Rubber Co
Delaware & Hudson Co
Georgia Marble Co
Mil
St. Paul
Clinton Hall Association
R. R
P. c. Pd
Louisville Property Co
Meadow Brook Club
Cannel Coal Co
Ohio Southern R. R. Co
Life Insurance Club of
P. c. Bas
Kennedy-Mead Co
Orange
N. J
Allentown & Kutztown Traction Co
West Shore R. R. Co
Lake Erie & Western R. R. Co
P. c
Mexican Flue & Lumber Co
S. A
Mexican Exploration & Development Co
Marcon Wireless Telegraph Co. of America
New Haven & Hart
West Virginia Midland R. R. Co
Mtge
Acker, Merrail & Condit Co
Guardian Trust Co
Carnegie Trust Co
Lincoln Trust Co
Ilinois Central
P. ¢ Stock Trust
John A. Mead Mfg. Co
New York Alaska Development Co
Norfolk & Southern
Ist & Reg
Skg. Fund
Union Railway of
Columbus
9Th Ave
General Transfer & Storage Co
First Nat'l Bank of Brooklyn
Columbia Bank
Carnegie Trust O
the Insurance Press
S. Carnegie Trust Co
Carnegie
Cincinnati, Bluffton & Chicago
R. R. Co
Carnegie Trust Oo
National Copper Ban Fio
C. K. Davis Coal Co
Cotton Futures Measure Beaten in Senate Vote
Baton Rouge reporters say the Marston bill banning cotton futures trading was defeated in the Senate by 26 to 12. The loss makes anti futures legislation unlikely for this session.
MENTIONED IN THIS ARTICLE
Baton Rouge
Marston
Senate
Commerce Commission Enjoined Over Rail Car Order
The Interstate Commerce Commission was barred by a U.S. circuit court from enforcing an order against the Saois Central and Chicago and Alton railroads to change their methods of coal car distribution to mine owners and others. Judges Gresseup heard arguments two weeks ago, Baker and Kohlsaat delivering the injunction.
MENTIONED IN THIS ARTICLE
Chicago
Interstate Commerce Commission
United States
Saois Central
Chicago & Alton
Baker and
Also Mentioned on This Page
Western Railroad
United Eaates District Court
Reading Company
Philadelphia & Reading Railway Company
Philadelphia & Reading Coal & Iron Company
Philadelphia & Reading Railway
Philadelphia & Reading Coal & Iron CO
Avkaloe
Cone
Inc
Philadelphia & Reading 1, & Iron CO
Celtas Inc
Reading Compasone
Boston
Mass
St. Louis
Pittsburgh
Oswego
Cleveland
N.Y
Jersey City
Boston & Albany
Vandalia
Consol
Chicago Junction Railroad
First Mortgage
Atch
Topeka & Santa Fe
Eastern
Okla
New York Central
New York, New Haven & Hartford
N. W. Harris « CO
Pine Street
William New York
Metropolitan Elevated Railway Co
Redmond Ado
Vera Graz & Pacific R Ibco
Our Office
Des Moines & Fort Dodge Railroad Co
H. Davis
Michigan Central Railroad
O. Grand Central Station
Charles F. Cox
Ilway CO
Canada Southern Grand Central Station
Charles
F.C
Lake Shore & Mich
Ryco Grand Central Station
Maryland Coal Company
Board of
Nedham
Minneapolis & ST. Louis Railroad CO
Des Moines & Fort Dodge Railroad Company
Broad Street
York
F. H. Davis
Virginia-Carolina Chemical Co
Richmond
Virginia
American Locomotive CO
Church Street
ST. 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. Bennett
Peoples Bank
City of
TNE
William Milne
Cashier
Fourth National Bank
Proximo
Charles H. Patterson
Garfield National Bank
Fifth Avenue
Forty-second Street
Griffith
SAN Francisco and North Pacific Railway Company
Tadenburg, Thalmann & Company
G. E. Kissel
Gustave E. Kissel
St. Louis & San Francisco Railroad Company
Chicago & Eastern Ilinois Railroad Company
Rock Island Company
Chicago & Eastern Illinois
Frisco
STEEL
American Steel & Wire Today
Pittsburg
Schoenberger Plant Company
Commerce Commission
North River Savings Bank
34Th St. Bet
Samuel D. Styles
Frederick N- Cheshire
Charles F. Turton
Union Dime Savings Institution
ST. and
Sixth Avenue
Greeley Square
Charles E. Sprague
Francis M. Leake
William G. Ross
Irving
Chambers St
W. H. B. Totten
George B. Dunning
We.tener,jr
Bowery
Cor. Canal
Henry Hasler
Henry Sayer
Emil A. Huber
Greenwich Savings Bank
E. Cor
16Th St
Laws
James Quinlan
Charles M. Dutcher
Treas
Seamen’s Bank For Savings
Wall Street
Daniel Barni M. Halsey
George
NEW York Savings Bank
N. W. Cor
14Th St
8Th Avenue
William Fellinger
James L. Wandling
Archibald M. Pen
Massachusetts Agricultural College
Ambherst
Fred C. Kenney
Amherst
Marquis F. Dickinson
State St
D. C
Po- Nee Court
Henry II
PF. Macparland
Henry JL. West
Jay J. Morrow
D, C
Yellowstone
Ing
Raymond & Whit
Alaska
Rockies
Europe
New York, New England
Canada
Raymond & Whitcomb Co
Fifth Ave
Bet
Hudson
West Point
Newburgh
Poughkeepsie
Palace Iron Day Line
Hendrick Edgon
Albany
Fulton St
Annex
W. 129Th St
Mary Powell
Augustees
Nova Scotia
Hendrickson Tours
Starin
Long Island Sound
Hudson River
Cortlandt ST. Piers
Cortlandt Mn
En Guill
RED Bank
Franklin St
Highlands
Long Branch
Asbury Park
State OF
James M. Brooks
Harry R. Munsell
Willard Brooks
Harryson Brooks
Margaret Spear Benson
Sarah E. Osborne
Ida Spear O'Neill
Nannette Spear Smock
Eugene Munsell
Harriet A. Munsell
Newark
New Yor
Abner
Said
Daniel J. Dowdney
the Surrogate’s Court
Daniel J. Dowdnsy
Surrogate’s Court
Berlitz School OF Languagea
Madison Square
Harlem
Lenox Ave
Court St
Bummer
Starkey Seminary
Seneca Lake
Watkins
M. Summerbell
Lakemont
Connecticut
Takeville
Taconic School For
Beautiful Lake
Berkshire Hills
Lilian Dixon
A. B
Wellesley and
Bry Mawr
Bertha Bailey
B. S&s
Wellesley
RYE Seminary
Edaress Mrs. & J. Life
Misses Stowe
Frances Gilman School For
Opes
Lake St. White Plain
American and Foreign Teachers’ Agency
Saccenanees No
M J Young-Fulton
Asion Square
Life
Séth
125Th St
Sd Ave
Téth
Ith Sts
Gist St
89H
Tremont Ave
Ava
Telegraph Ofice
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