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Newspaper
Oshkosh Daily Northwestern
Location
Oshkosh, Wisconsin, United States of America
Date
Jun 25, 1902
Page
2
New York reports insurers anticipate massive losses if the coronation is postponed. Prominent underwriters estimate claims could reach 900000 pounds, with policies written at high rates amid rumors of the king’s illness. Past jubilations boosted profits, but current risks spike premiums and potential payouts across trades and firms.
The Associated Press reports that King Edward VII's death would devastate English life insurance firms, causing tens of millions in losses to regulated life insurers and even larger hits to financial companies with heavy risks tied to the King’s life, including a $3.8 million sum placed with English institutions.
Henry Witz-Alan Floward, fifteenth Duke of Norfolk, named hereditary grand marshal of England and chief butler, outranks all nobles except the king and was chosen to head coronation ceremonies. His personal policies total about 21 million dollars, funded from private funds. Reports claim the czar of Russia holds 4 million in personal cover plus 1.5 million on the czarina and 2.5 million on Grand Duchess Olga. The German emperor carries 5 million in personal insurance.
BritishAmericans in Chicago will hold a demonstration and entertainment tomorrow night at the First Regiment Armory in honor of the coronation. If the king’s health improves the tone will be joyful. if not the gathering becomes a memorial or a sympathy gesture to Queen Alexandra.
Frost was reported on the lowlands near Ballston New York today with a thermometer showing thirty four degrees at four o clock this morning.
Alderman Morgan challenged the transfer license for H F Wittenberger’s saloon at West Irving and Main, raising stall saloon concerns. Police inspect rear rooms. officials dispute definitions while licenses are granted with Morgan voting no.
The Senate has confirmed Col. William H. Carter as assistant adjutant general and Maj. Tasker H. Bilas as commissary to brigadier generals. A Topeka woman once named her daughter Bertha, later Bertie, Birdie, Bird, and finally Birdeone at graduation, illustrating how simple names can lead to tragedy.
A Portland fire destroyed a full block of frame buildings bounded by Seventh Park Glisan and Hoyt streets. Wakefield Morse Transfer company lost thirty five horses including three valuable pacers. Several occupants escaping from the Park lodging house. Total loss about 35000 with 20000 insured.
Reports from multiple Wisconsin counties detail caucus results showing strong La Follette support. Barron County solid for La Follette. Kenosha and Dodge counties report rising delegate strength for the governor. Barron, Rice Lake, Cumberland, and Eau Claire records indicate firm La Follette blocs shaping the forthcoming county convention and Madison delegation.
Washington June 24 The senate yesterday passed bills creating a national forest reserve in the southern Appalachian mountains and ratifying an Indian territory treaty with the Choctaw and Chickasaw. One measure allows up to 4 million acres to be purchased for preservation of hardwood forests at a cost not excess of 10 million. Senator Quay failed to secure discharge of the committee on territories and said he would demand action on the omnibus statehood bill tomorrow.
Special to Tha Northwestern reports John Gussman’s Kelly saloon looted of about $100 after his absence. Two men seen nearby were detained, later held in a box car. Notes Gussman’s prior robberies and a new tobacco experiment by Kenwood Lumber near Fennwood in Marathon County led by Adin R. Bardeen.
Washington on June 25 the cabinet held a prolonged talk on the Italian Incident with Chicago officers taking part and parts of the original papers read. Officials focused on how court findings and Admiral Crowninshield's remarks were made public and on the posting of the findings aboard ship as the way sailors learn naval news.
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