08 Feb 1908
Page 1
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This newspaper page contains 6 articles. Subscribers can read the full text of each article.
Newspaper
News
Location
Frederick, Maryland, United States of America
Date
Feb 08, 1908
Page
1
A new currency bill titled the minority measure proposes elastic currency and a fund to pay depositors of failed banks. It limits national banks’ lending to seven times paid-in capital plus unimpaired surplus and defines certain bank discounting rules as non liabilities. Punishments include fines or imprisonment for violations.
The fragment discusses bank consent binding effects and a new law related to elastic currency. It mentions deposits with sub treasuries and notes paid as a form of currency, with tax implications and penalties for failure to comply. Details are incomplete due to damaged text.
A local report details a man named in connection with a farm death after a month of illness. Authorities say he, along with others, faced fields of trouble as officials investigate the demise at the estate. The case references General Howard as part of wartime era context.
Frank H. Hitchcock will retire as first assistant postmaster general and take charge of Secretary Taft's campaign for the Republican nomination. The retirement date is likely around February 18. Dr. Charles P. Grandfield will succeed him as first assistant postmaster general.
A Morse interview aboard the Campa steamer near Quissetown describes a tense scene with Morse in the smoking room. The Associated Press correspondent notes awkward questions about creditors and rumors, while Morse deflects and dismisses the "New York sensationals" chatter as unfounded.
Lisbon remembers King Carles and Crown Prince Luiz Philippe killed in the street as a two mile royal procession to St Vincente church unfolds. Masses in the palace chapel, diplomatic corps, and flowers from Cintra fill the chapel. US envoy Charles Page Bryan sends condolences.
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