Moree Promotes New Hudson River Steam Route Plan
Washington reports interest in a scheme by Charles W Moree after taking over the Hudson River Navigation Company to run a New York to Norfolk line and possibly New York to Washington. The Potomac and Chesapeake Steamship Company officials declined to discuss details. Paul Dulaney, a major stockholder, said no definite plan had been set.
MENTIONED IN THIS ARTICLE
Washington
Charles W. Moree
Hudson River Navigation Company
Ie Promoting & Project
New York
Nerfork
Andy
Potomar and Chesapeake Steamship Company
Cinis
Potomar and Chesapeak Company
Paul Dulaney
Currency Reform Bill Dominates Last Week’s Debate
The week centered on the administration’s currency and banking bill, praised for some features yet criticized for centralizing power and risking economic stability. Supporters urge a prudent, measured reform with a federal board, while opponents warn of overreach and banker exclusion. The Harriman dissolution plan also drew attention as President Wilson approved the plan, easing market anxieties and sparking a tentative market uptick.
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Wilson
United States
Congress
Washington
Federal Reserve Board
Harriman
Judge Lovett
Senate Lobby Committee
Union Pacific
Harriman Lines
New York
Money Situation Hits Wall Street Amid Tight Cash
The piece notes abundant funds in Eastern reserves but overall tight money. Banks nationally loosened after the Treasury announced a 1,000,000 emergency currency, easing mood yet keeping merchant credit wary. Wall Street remains the primary channel where funds flow, with collateral loans and rapid turnover shaping the market.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Secretary of the Treasury
Ieatock
Railroads Stocks and Tennessee Bond Solvency Discussed
The article notes a money shortage in Tennessee after bond offerings failed and the state sought $10,000 to cover notes. New York bankers have stepped in to aid, with Southern Pace and Consolidated Gas borrowing short term at 7 percent as July settlements near. Foreign banks increase loans while gold holdings shift.
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Jueeterres
Petra
Pennsylvania
Seaboard Air
Studebaker
Woolworth Sa
Wea
Wiseemsin Central
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