Wall Street trio nabbed in copper stock fraud scheme
Detectives arrested Thomas O'Connor, Gerald H. Evans, and Frances McLean in a Wall Street office on charges of doing business under an assumed name and defrauding investors in copper. Investigators traced activities through the New York Telegraph Bureau Company and Frances McLean Company, finding mail routes to Evans & Co. An address book showed clients nationwide, with bail set at 500 dollars for Evans and McLean released after signing registry.
MENTIONED IN THIS ARTICLE
Seval
Wall Street
Thomas O’connor
Columbia Street
Brooklyn
Gerald H. Evans
Dean Street
Frances McLean
New York Telegraph Bureau
Com
New York Telegraph Bure
Vans Company
Concens
Evans Company
McLean
O’connor San
Miss McLean
Evars
Roben L. Morse
Athens
Trearse v. Evens & Co
Morse
Shank
Providence
New York Telegraph Bureau Company
Cruikshank
McLean Company
Frances McLean Company
United States
Canada
Evans
Denver
O’connor
Hennig
W. S. Cruik
M B Curtis Accused of Fraud in Posen Actor Case
Samuel of Posen actor M B Curtis was arraigned in Wilmington on a charge of obtaining 49 dollars from Miss Marcella Marsetlier of New York by false pretences. He posted 59 dollars bail and awaits New York authorities action. Marsetlier claims she paid to stage a play with Curtis as mentor and lead actress, but was dismissed after six weeks of rehearsals.
MENTIONED IN THIS ARTICLE
Tribune
Wilmington
Del
M. B. Curtis
Samuel
Posen
Robertson
Marcella Marstelier
New York
Curtis
Union Club Chimney Smoke Sparks Fire Alarm
A defective chimney at the Union Club on East 51st Street caused smoke to fill the room triggering a fire alarm. Firemen arrived as worshipers from St. Patrick's Cathedral rushed out to watch. It was revealed the blaze was chimney smoke and a hose was stretched through the house, scattering oil paintings in the lounge.
MENTIONED IN THIS ARTICLE
Union Club
East 51St Street
St. Patrick’s Cathedral
Winsted Will Contested By Tiffany Nephews
Joseph B Tiffany and Dr Otis Tiffany nephews of the late Rev C C Tiffany of New York and Sharon contest their uncle s will after not being named in the bequests They have appealed from probate of the will to the December term of the Superior Court for their county The deceased Archdeacon had left $2 000 to both his gardener and his valet and scattered gifts to charities friends and servants.
MENTIONED IN THIS ARTICLE
L. J. Nicwerson
Cornwall
Dr. Tiffany
Diocese of
New York
St Paul Road Cuts Expenses
Milwaukee Oct 3 Half of the traveling freight solicitors for the St Paul road will be released temporarily starting tomorrow. It is the first of similar steps by leading roads. The reduction is expected to save more than 29 dollars a month, affecting over two hundred men.
MENTIONED IN THIS ARTICLE
the Tribune
Milwaukee
St. Paul Road
Murfreesboro Bank Closes After Note Protest
The First National Bank of Murfreesboro shut its doors after a run began when a $20,000 note of president W B Earthman was protested. The bank held $200,000 capital and $65,000 surplus and is stated solvent, closing to avert ruin. Earthman Lumber Co also solvent but unable to obtain cash from Nashville banks under Clearing House rules.
MENTIONED IN THIS ARTICLE
Telegra
Tribune
Neshville
Tenn
First National Bank of
Murfreesboro
W. B. Earthman
Earthman Lumber Company
Nashville
Clearing House
Bankers Plan Reopening of Oklahoma Banks Next Week
Four hundred bankers from the Oklahoma and Indian Territory associations convened in Guthrie Oklahoma on October 21 and reached an agreement to reopen all banks the following week. The gathering highlighted a coordinated effort to stabilize financial operations across the region.
MENTIONED IN THIS ARTICLE
Guthrie
Okla
Oklahoma
Indian Territory
Taft's Europe Tour Planned Amid Busy Schedule
Washington reports no anxiety about Secretary Taft's diplomatic travels to St. Petersburg and Berlin on the route from the Philippines. He aims to save time by flying via Asia and Europe, with hopes of a possible meeting with the German Emperor if schedules permit.
MENTIONED IN THIS ARTICLE
Tribune Bureau
Washington
Taft
St. Petersburg
Berlin
Paris
London
Europe
Root
Philippines
Asia
Pacific
United States
Vladivostok
Cherbourg
England
Militia Captain Guilty in Albany Court Martial
Captain Guy L. Nelson of Company Kifth Regiment, 15th Separate Company, Poughkeepsie, found guilty and reprimanded by a general court martial. He was charged with carelessness in handling funds entrusted to him. Governor Hughes approves findings, condemns lax handling of military funds, and directs the National Guard commander to enforce the reprimand.
MENTIONED IN THIS ARTICLE
Albany
Guy L. Nelson
Kifth
Poughkeepsie,s
Henry
Nelson
Hughes
National Guard
Soldiers Save Sackett's Harbor from Fire
Sixty soldiers from the th and the 23d United States Infantry helped extinguish a blaze near Sackett's Harbor twelve miles from Watertown. The fire started from a cigar stub and ruined the post office and several businesses including the Jeffrys block, totaling $25,000 in damage before troops and the garrison's equipment controlled it. A special train had carried Watertown’s fire department to the scene.
MENTIONED IN THIS ARTICLE
Watertown
N. Y
United States Infantry
Sackett’s Harbor
Jeffrys
Ex Justice Fitzgerald Indicted for Grand Larceny
Ex justice Fitzgerald formerly of Brooklyn and Richmond County, removed from the bench, faces grand larceny charges after Margaret Slevin of Yonkers claimed she gave him 1000 to invest in bonds and mortgages years ago and never recovered a cent. He is believed to be at Oceanic New Jersey. a warrant is expected to be issued today and he may be brought back to the state.
MENTIONED IN THIS ARTICLE
Thomas Fitzgerald
Supreme Court
Brooklyn Bar Association
Richmond County
Richmond
Margaret Slevin
Yonkers
Fitzgerald
Oceanic
N. J
Rate discrimination charged in interstate rail case
The North Carolina State Railway Commission has prepared a complaint to file with the Interstate Commerce Commission seeking relief from discriminatory interstate rates. The suit targets Norfolk and Western, Louisville and Nashville, and the Big Four railroads, alleging higher rates for staple commodities shipped from the West to North Carolina than to Virginia cities, with specific instances cited such as coal rates from West Virginia fields.
MENTIONED IN THIS ARTICLE
Tribune
Asheville
N. C
State Railway Commission
North Carolina
Interstate Commerce Commission
Norfolk & Western
Louisville & Nashville
Virginia
West Virginia
Imperial Tobacco Buys 1907 Kentucky Tobacco Crop
The Imperial Tobacco Company completed a deal in Henderson Kentucky buying the entire 1907 tobacco crop pledged to the American Society of Equity across Henderson Union Webster Hopkins and Crittenden counties. The 16 million pound sale will yield about 500000 English pounds to local farmers, marking the highest price since the war.
MENTIONED IN THIS ARTICLE
Henderson
Imperial Tobacco Company
American Society of Equity
Union
Webster
Hopkins
Crittenden
Thomases Stand Pat Philadelphia Brokers Angered
A key conference between KE R and O F Thomas and a Philadelphia syndicate failed to resolve disputes over the sale of Provident Savings Life Assurance Society stock. The syndicate seeks security for delivery within ninety days or return cash and notes. they plan action led by Morgan J. O Brien. The Thomases insist they fulfilled the contract and refuse to deliver stock or bonds, prompting a tentative 3 PM meeting to seek an amicable settlement amid concerns for the company.
MENTIONED IN THIS ARTICLE
KE. R
O. F. Thomas
Philadelphia
Thomases
Provident Savings Life Assurance Society
Morgan J. O'Brien
New York
Judge Barth
Provident
Edward Lauterbach
Lauterbach
O'Brien
Barth
O Brien
Horace White
Timothy L. Woodruff
Western Ice Company
John J. Coyle
Europe
Chemical National Bank
Checks not cash for Indians in western reservations
A telegraph report from Omaha says gloom falls on Omaha and Winnebago Indians as they must accept cashier’s checks instead of government funds. Indians grew angry when certificates were issued, raising fears of an uprising. Also note the Mayflower Limited Express to Boston is discontinued after November 2.
MENTIONED IN THIS ARTICLE
The
Tribune
Omaha
West
Boston
Businessmen urge confidence in South as rail rate talks loom
Fifty Wilmington leaders dispatch to Governor Glenn urging equitable rate adjustment to restore confidence amid rail litigation. In Atlanta, Governors Smith Glenn and Comer plan morning talks with attorneys general on a uniform passenger rate proposal. Smith backs 24 cent mile rate with 1000 mile book at 2.5 cents and 2000 mile book at 2 cents, though Georgia faces loss under shifts from current graded scale.
MENTIONED IN THIS ARTICLE
Wilmington
N. C
Glenn
North Carolina
Atlanta
Smith
Georgia
Comer
Alabama
Tribune
Executive Mansion
Alabama banks plan New York cashiers’ checks for November payrolls
After talks among the Tennessee Company Sloss Sheffield and other iron firms and Birmingham banks, it was decided to pay November payrolls by bank cashiers checks drawn on New York in amounts from five dollars up. The action aims to ease the local monetary situation since corporation deposits rest on New York exchange with no cash available for shipment.
MENTIONED IN THIS ARTICLE
Birmingham
Ala
Tennessee Company
Sloss-Sheffield Company
New York
New York Exchange
Bank cashier ends his life in Des Moines
Frank Crocker, cashier of the First National Savings Bank of Charlton, killed himself with morphine. The bank closed but is believed to be in good shape. A note cited unbearable strain from losses linked to Modern Woodmen funds. Crocker, former grand treasurer and national officer of Modern Woodmen of America, also headed the Bank of Russell, which closed its doors briefly today.
MENTIONED IN THIS ARTICLE
Des Moines
Frank Crocker
First National Savings Bank of
Charlton
Bank of Russell
Russell
Iowa
Crocker
Santa Fe Road Stops Extensions Plans
President E P Ripley of the Santa Fe Railroad said Texas extensions and improvements costing 7 000 000 will not be made this year and perhaps not for years due to financial stringency and adverse Texas legislation. Abandoned projects include the San Angelo branch extension to join the California main line at the Texas New Mexico border the extension into Mexico via the St Louis Brownsville Mexico road and two other East Texas into Indian Territory extensions.
MENTIONED IN THIS ARTICLE
Tribune
Galveston
E. P. Ripley
Santa Fe Railroad
Texas
Santa Fe
San Angelo
California
Texas-New Mexico
Mexico
St. Louis, Brownsville
Indian Territory
West Texas Bank Suspends Payment In San Antonio
West Texas Bank and Trust Company with over 1.5 million in resources and more than 500000 in deposits suspended payment this afternoon. The voluntary move, said to protect depositors, followed an 80 depositor run. Bank officials claim solvency. president is G Bedell Moore, noted as a leading Texas figure.
MENTIONED IN THIS ARTICLE
The
Tribune
San Antonio
Tex
Texas Bank and Trust Company
G. Bedell Moore
Texas
Harriman Lines to End Oregon Idaho Extensions
Portland Oregon October thirty first workers on all Harriman system extensions in Oregon and Idaho will be laid off tomorrow as J P OBrien general manager orders withdrawal from new construction due to unsettled finances and seasonal weather already reducing forces to winter basis leaving many men unemployed.
MENTIONED IN THIS ARTICLE
Harriman Lines
Portland
Ore
Oregon
Idaho
Harriman
J. P. O'Brien
Five thousand Union Pacific laid off find work in West
By Telegraph to The Tribune Omaha October 31 Five thousand men discharged the day before amid money market stringency are quickly finding jobs with other firms in the West Most are not long unemployed as many will be sent to the far West for construction work
MENTIONED IN THIS ARTICLE
The
Tribune
Omaha
Union Pacific
West
Far West
Asset currency movement urged by Herrick sweeping nation
Ex governor Myron T. Herrick, chair of the Society for Savings board, says the asset currency plan backed by the American Bankers Association is sweeping the country. He notes bankers seek added currency in times of stress and hints at pressure for a special Congress session, with action aimed at the next regular session after the money famine and Wall Street upheaval.
MENTIONED IN THIS ARTICLE
the Tribune
Cleveland
American Bankers’ Association
Myron T. Herrick
Herrick
Society For Savings
Wall Street
Congress
President Roosevelt backs canal linking Atlantic to Mississippi
Macon postmaster Harry Stillwell Edwards reports a letter from President Roosevelt endorsing the proposed canal through the South Atlantic cotton belt and pledging active help. In Birmingham a waterways convention is set for November 19 with delegates to be invited from Mississippi Alabama Tennessee Georgia and Florida.
MENTIONED IN THIS ARTICLE
Atlantic
Mississippi
Macon
Harry Stillwell Edwards
Roosevelt
Atlantic Ocean
Birmingham
Ala
Commercial Club
Alabama
Tennessee
Georgia
Florida
Billet Pool Revived By Major Steel Makers
Pittsburg report says a secret meeting at Carnegie Steel revived the steel billet pool once active from 1903 to 1900. Representatives from United States Steel and major mills agreed to stabilize billet prices amid current $28 per ton bids, possibly $26.50 in parts, aiming to lift prices on rails and other steel products.
MENTIONED IN THIS ARTICLE
Tribune
Pittsburg
Carnegie Steel Company
United States Steel Corporation
Republic Iron and Steel Company
Jones & Laughlin
Cambria Steel Company
Lackawanna Steel Company
Pennsylvania Steel Company
Wheeling Steel and Iron Company
Sharon Steel Hoop Company
Portsmouth Steel Company
Allegheny Steel Company
la Belle
Bargemen Threaten Strike Over 25 Percent Wages Increase
The Tidewater Boatmen's Union demands a 25 percent wage rise effective today, threatening to halt deliveries from Elizabethport to Staten Island if general strike action occurs. Union, now part of the International Longshoremen and Marine Transport Workers' Union, held a meeting at Congress Hall. Employers including Aldrich, Scully, James McWilliams Blue Line, and M. & J. Tracy resist, claiming bargemen earn about $40 monthly plus free coal, equating to $65 on shore.
MENTIONED IN THIS ARTICLE
Tidewater Boatmen’s Union
Elizabethport
South Amboy
Perth Amboy
Port Reading
St. George
Staten Island
Edgewater
Aldrich Transportation Company
Scully Transportation Company
James McWilliams
Blue Line
M. & J. Tracy
Municipal cash balance drops. city adopts check payments
Baltimore reports its available cash balance for municipal use dipping below $1,000. Arrangements were made to borrow funds through January 1. Simultaneously the city shifts to paying by checks "payable through the Clearing House" at banks' request to curb large currency withdrawals.
MENTIONED IN THIS ARTICLE
Tribune
Baltimore
Baltimore City
Copper mine wage cuts cascade across Michigan and Montana
Calumet and Hecla mine management ordered a 12 percent wage reduction for eight thousand workers. The Hopper Range mines followed with a 5 percent cut affecting six thousand men. The moves mirror a 10 percent voluntary reduction by the Amalgamated company in Butte and are expected to spread to other copper mines.
MENTIONED IN THIS ARTICLE
Tribune
Calumet, Mich
Calumet and Hecla
Amalgamated Company
Butte
Currency Shortage Pushes Up Premium as Banks Hoard Cash
Panic subsides in the city yet cash remains scarce due to widespread depositor hoarding. Banks and trust companies limit payouts while the Clearing House efforts and foreign gold imports aim to ease the shortage. Stock prices weaken with calls for higher loan rates and trust companies seeking admission to the Clearing House. Lincoln Trust continues paying claims despite heavy withdrawals as currency reform debates intensify.
MENTIONED IN THIS ARTICLE
New York Clearing House Association
Philadelphia
Northwest
Also Mentioned on This Page
NAB
Samuel of
Tennessee Bank
Usher
Adart
MR. Taft
U.S
Kentucky Tobacco
Princeton
Ambassador Bryce
Pat
Iowan
Ripley
Texas Bank
Calumet and
HECLA
Heidelbach, Ickelheimer & Co
Lazard Fréres
Chicago
New York City
Stock Exchange
Clearing House Association
Clearing House Committee
New York Chamber of Commerce
Atlantic City
Trust Company of America
Colonial
Broadway
Ann Street
Lincoln Trust Company
Fifth Avenue
Frank Tilford
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