09 May 1901
Page 1
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Newspaper
Philadelphia Times
Location
Philadelphia, Pennsylvania, United States of America
Date
May 09, 1901
Page
1
A severe stock market panic hits Wall Street with prices tumbling two hours after opening. Northern Pacific leads gains and losses, while many blue chips fall sharply. Confrontations among bankers and brokers spark talks of preventing a broader crisis.
The piece details a bold market corner in Northern Pacific stock with shares around 48 and 2.50 years ago. Rumors link John W. Gates and Western plungers to shorts. Cleveland and Lamont allegedly profited, though unverified. Broker John Manning reportedly profited $20,000 by rapid round-trip trades.
The governing committee approved closing the stock exchange on Saturday to allow members to catch up on back work and permit trades floor changes after a space expansion by the Produce Exchange.
The Somerset county Democratic fight over counsel to the Board of Chosen Freeholders ends in a 5 to 5 deadlock between John Fretch and Nelson Y. Dungan. Coddington shifted votes, leaving six Democrats in the board and risking a split in one of the state’s strongest Democratic counties.
In Chicago the federal court judge sustains the demurrer by United Brewers' Companies to pleas filed by Star Brewing Company and Patrick H Rice. Defendants must answer and bring the case to issue for a final hearing. Court retains jurisdiction due to diverse citizenship. New Jersey organization for evading Illinois statutes deemed immaterial. Decision important for similar litigation against other trusts under New Jersey law.
Washington reports a full reconstitution of the harbor lines boards as General Gillespie becomes chief of engineers and Generals Robert and Barlow retire. The new engineer board lists Col. Charles R. Suter Col. S. M. Mansfield Lt Col CC Raymond with Capt. Edgar Jadwin as recorder. harbor lines board includes Suter Mansfield and Maj. William L. Marshall. Headquarters move to New York.
Substitute Policeman George F Voelker becomes regular in the Twenty fifth district. Magistrate Kockersperger released William Tomasse on bail for policy writing. An unknown woman was found ill and partially paralyzed near Second street pike and Tabor streets and taken to the Jewish Hospital. John J McGeehan remains without bail in County Prison for embezzlement. Hugh O Neill, 23, of North Thirty sixth street injured his arm in West Park and was taken to the Veterans Hospital. A man named Cha Brote, 58, of Nora Mascher street sustained three broken ribs at Episcopal Hospital. Mrs Kate Zeller burned her hands and arms in a kitchen stove accident. A gasoline stove explosion damaged Kasia Jewetey Je p1 wine taken from a house on Worth streets. Sheriff Caitney on Worth streets reported a fire and explosion near Lancaster avenue.
Councilmanic committee on commerce and navigation plans a 30 foot channel from the Delaware Capes to Bridesburg with federal and city funding. Chairman Adams urges rapid harbor improvements, citing rising tonnage, new wharves, and statewide benefits for Philadelphia’s commerce and shipping.
The committee will mobilize all council members, businessmen, and citizens to push harbor improvements. With national state and city funds, the Delaware area aims to lead shipping points, possibly second only to New York within three years.
The four mast schooner Maria Teel from Port Tampa to New York Harbor after nearly four months at sea arrived in New York and then moved to Carteret New Jersey to discharge phosphate rock. She faced two severe gales, first driving her 600 miles east of Bermuda causing damage and leaks, then a second gale near Barnegat.
The North Atlantic squadron will sail into Newport for a grand summer naval parade off the New England coast with the Olympia as flagship. Kearsarge under Higginson and May will command the fleet, with torpedo boats destroyers and Holland submarine joining exercises and shore battles. Olympia will host flag transfer from Kearsarge to Admiral Higginson and Captain Lyons will replace Folger as Kearsarge commander.
Special telegram from Newport News reports C. M. Garrett survived a skull wound from a circular saw at D. S. Jones Lumber Company. The skull was cut and nearly two inches of brain exposed. he remains conscious and able to take nourishment, but doctors hold no hope of recovery.
Treasury notes were purchased at 113.64 for 29000 dollars in par value. Acting Secretary Hackett revokes Tingey contract cancellation and orders completion in Baltimore. Colbert Indian Territory reports small pox, but no official outbreak notices yet. Machias to be commissioned around the 25th, replacing Bancroft. Topeka repairs due by mid month. Needham of Washington Base Ball Club in critical condition with typhoid pneumonia. Rodenberg and Serven set to sail June 1 for Hawaii to establish civil service boards and exam applicants. Kempf cables that Wompsatack assigned to Labung Island duty with army. Currency shipments to Newns increased to 500000 daily due to Jacksonville fire demand. Admiral Luce recently returned to Navy Department.
In Harrisburg on May 8 a Democratic party leader hailed GOP splits as a sign of future statewide gains. The piece notes dissension among Republican legislators, potential realignment with Quay opponents, and hints at a battle over Governor Stone and Attorney General Elkin. A Philadelphia meeting and a Quay dinner are mentioned as key events shaping the race.
A major blaze in Augusta Georgia destroyed storage areas at Union Compress Company and Whitney and Co with 1 200 bales at Phinizy and 2 500 bales at Whitney. Losses totaled 159 400 dollars with full insurance.
Edward Maher of 5288 Woodland avenue kicked a small Skye terrier three times, stunning it. Agent Logue of the Pennsylvania Society for the Prevention of Cruelty to Animals arrested him and Magistrate Stratton held him for court in bail. The society also prosecuted six men for maltreating horses. Herman Fleuler and Gottlieb Hoersch were discharged after surrendering animals to be killed. John Harris and Joseph McDeavgitt paid fines before Magistrate Gillespie. Emil Doechin and John Little were discharged after a crippled horse case with a veterinary witness and Agent Macdonald testimony.
Telegraphic items note Genoa dock laborers return to work after a strike. Other notices mention the Southern Educational Association meeting at Columbia South Carolina after Christmas and the Southern Wholesale Grocers' Association gathering in Memphis on May 23–24. Reconstructed Prussian Ministry formed with Count von Buelow greeting new ministers.
Frank E. Cody vanished from Pier 24 South Wharves last Sunday then reappeared at 1228 East Columbia Avenue. He refused to discuss his whereabouts amid concerns from wife and friends while authorities speculate on a possible trip to Boston or Newburyport, tied to mining work hopes.
A Memphis to Louisville fast passenger train wrecked at Kattawa. Engine jumped the track and most cars overturned. Engineer Barney Keegan and Fireman Robert Stift died. Baggageman Y H Taylor and Mail Agent Charles Young were badly hurt. Cafe car and coach destroyed as wreckage caught fire. Officials cite excessive speed to make up time.
Hoboken scene as Charles Brockholtz a steeple jack hung for about thirty minutes sixty feet above ground with one ankle caught in a knotted rope. Passersby and a fire alarm drew crews who used a 70 foot ladder to rescue him from the upraised platform atop the flagstaff at Second Avenue and Adams Street.
Cape Town reports bubonic plague continues despite efforts. Mr. Gregory, principal medical officer, says eradication hinges on rat extinction with hundreds dying daily. New cases include three colored persons and three Europeans. casualties include one colored person and one European.
Judge Martin discharged James Flinn in the Quarter Sessions Court after finding him charged with attempting death by own action by inhaling illuminating gas. The judge urged hope and said a Society for Organized Charity representative would help him pursue a brighter future, noting despondency led to the act.
The body of Mrs Solon Robinson, widow of Solon Robinson longtime agricultural editor of the New York Tribune, was found among the ruins of her Jacksonville home after a fire last Friday. The tragedy unfolds in the wake of the firestorm that claimed the residence.
TOLEDO May Charles Foster of Fosteria, former Secretary of the Treasury, has filed in the U S Court here as a voluntary bankrupt. Debts are $747,008.34 with no assets.
The forecast warns rain in Eastern Pennsylvania Eastern New York and likely continued rain into Friday. Expect lower temperatures Friday with fresh easterly winds shifting to northwesterly. Rain also likely across New Jersey and Delaware with breezy, cooler conditions.
In Harrisburg on May 8 the Guffey Ikeler ballot reform bill failed in the House by a 166 to 47 vote after speeches by Rep Creasy and others detailing alleged fraud and party positions. The measure would have reformed ballot practices and faced opposition tied to Republican leaders. The debate referenced prior remarks by Senator Quay and emphasized fraud concerns in Philadelphia and beyond.
Harrisburg reports the Veerbees bill aimed at moving the capital to Philadelphia defeated by a large live vote. The opposing measure to regionalize capital duties and governance failed as debate intensified in a tense session.
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