07 Oct 1903
Page 1
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Newspaper
News
Location
Frederick, Maryland, United States of America
Date
Oct 07, 1903
Page
1
In the shop window the La France shoes attract attention as a fashionable pair priced at three dollars. The text promises readers will be impressed by the style and value when they view the display.
Freehold N J Oct 7 John W Newbury and Rudolph Neumann president and secretary treasurer of the Mercantile Building and Loan Association were convicted of illegally conducting a banking business under the charter of a building and loan association Newbury was fined 3000 and sentenced to three years and six months in state prison at hard labor Neumann was fined 500
Glasgow Oct 7 former colonial secretary Chamberlain set out a protectionist reciprocity plan arguing for limited duties on foreign corn and meat while favoring colonies on wines and fruits. He warned that delaying such offers would lose long term trade, citing Britain's 1872 to 1902 export decline and US protection.
Philly court scene grows sensational as Emma Williams faces poisoning charges. Heated cross examination triggers tears in District Attorney Bell and a dramatic collapse as defense rejects insinuations. Testimony covers water requests by the dead children, church ties, and alleged concealment of John Williams. Additional items note Russell Sage farm tax sale and Draneis Clark's NZ voyage plans.
The United States Steel Corporation lowered its common dividend from 1 percent to one half of 1 percent for the last quarter, while the regular 1 percent preferred dividend was declared payable November 16. The board cited falling business as the cause, with nine months net earnings at $65,973,217 after charges, leaving $29,348,742 in undivided profits. Trading showed the common stock rising to 17 4 and the preferred to 64 1/4.
An electric car on the Marienfelder Zossen line reached 125 45 miles per hour, a new high over prior marks. The machine and track were fine, four motors total about 1100 horsepower, 16 passengers aboard, tires heavily insured, and engineers expect to hit 140 mph. Current ran 13 000 to 14 000 volts. six trolley arms spark continually. A second note: Pittsburg beats Boston in the world series opener 9 to 4 as Phippe excels on the mound despite late Boston pressure.
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