Boston Bank Collapse Shocks Market Bank Failures Hit City
The Boston firm R Gardner Chase & Co Bankers and Brokers suspended operations with liabilities about 2 000 000 and James L Phelps named assignee He will manage the assets for creditors as half the city’s banks are said to be involved In the wake of a stringent money market and a sharp stock drop several notes secured by stocks and bonds collapsed prompting the rush to reassess collateral and demand additional security The incident follows earlier market turmoil due to Asian Pacific stock declines and affects institutions including National Reserve First National and Merchants National among others.
MENTIONED IN THIS ARTICLE
R. Gardner Chase & Co
Boston
James L. Phelps
Essignee
State Street
EK. Gardner Chase & Co
Equitable
Potter-Lovell Company
Stock Exchange
Fallere
Short Line
Denver
Ft. Worth
Norea
Iby
BR. Gardner Chase & Co
Banke
the National Revere
First National
National Bank of Redemption
Massachusetts Loan and Trust Company
Merchants’ National
Lincoln National
The
New England National
New England
George R. Chase
Chase
Legg
Mr. Phelps
Messrs
St. Gardner Chase
Charles E. Legg
Richardson, Hill &Co
New York Stock Exchange
Fim
St. Louis
San Francisco
Northern Pacific
R. Gardner Chase & Co. Fails Amid Tight Money Market
Boston broker firm R Gardner Chase & Co collapses as the money market tightens. Assignee Phelps reports little knowledge of assets or creditors while Chase and Legg prepare to explain in the morning. The firm, once stout in Boston finance, faced widespread speculation about its future and kept its stock exchange activities in the last hour, narrowly ending ahead.
Treasury sells bonds as receipts exceed payments by $65 million
Treasury reports in Washington that 16 million dollars in four percent bonds attracted about 28 million in bids, with 16.8838 million purchased at varied prices. Windom directed operations from Williamstown while officials monitored bids and disbursements show a growing gap between receipts and outlays.
MENTIONED IN THIS ARTICLE
Treasury
WashingGton
Treasury Department
Windom
St Williamstown
Mass
Batchellor
Nettleton
Wall Street Pleased With Windem Efforts Secretary Result
Wall Street opened in high spirits as investors welcomed the outcome of Secretary Windem's efforts with markets rallying on the news. Traders anticipated favorable policy moves and a strengthening economy as discussions continued in New York.
MENTIONED IN THIS ARTICLE
Wall Street
Windem
New York
Treasury Accepts 4 Percent Bonds in Major Offering
Washington reports Treasury accepted 16.774 million dollars of 4s under Secretary Windom’s circular. Speculators had loaded up to sell to the Treasury, hoping to avoid losses if offers failed. The sale injects over 30 million dollars into circulation, with most funds heading to New York and promising short term liquidity.
MENTIONED IN THIS ARTICLE
Treasury
Windom
Washington
Secretary of the Treasury
New York
Interior
sub-Treasury
American Window Glass Company forms from Pittsburg trust
The Pittsburg Window Glass Manufacturers' trust created the American Window Glass Company with $400,000 capital to deal in window glass. Stock allotted by factory pots, headquarters in Pittsburg, ten days notice before board election, and plans for directors. Some manufacturers view it as a temporary measure toward broader consolidation.
MENTIONED IN THIS ARTICLE
Pitteborg
Dispatch
ChicaGo
Pittsburg Window Glass Manufacturers’ Trust, Consolidation
American Window Glass Company
State Department
Springfield
Ohio
Indiana
Pittsburg
United Glass Company
Baltimore
New Jersey
Pittsb Glass
Wess
Attempted shooting at church wedding shocks New Jersey couple
Henry Cassel of Jersey City attempted to shoot his son Alfred during the St. Patrick’s Church ceremony as the groom and Mary Deely prepared to wed. The pistol misfired, Father Sheehan disarmed Cassel, and the bride collapsed momentarily. Cassel fled the church as authorities searched for him.
MENTIONED IN THIS ARTICLE
New York
Henry Cassel
Jersey City
Mary Deely
St. Patrick's
Father Sheehan
Cassel
Miss Deely
Alfred Cassel
Marriage for fun turns legal in Keyport picnic
A Keyport picnic near Prospect Grove involved about 50 boarders from local summer inns. Two witnesses joined Emily Duncan of Dayton Ohio and David Crosby of Vincennes Indiana in a ceremony by a clerical looking man who later fled with a card naming Joseph Hemperfield pastor of the United Brethren Church in Kansas City. The couple returned to their homes.
MENTIONED IN THIS ARTICLE
Dispatch
New York
Keyport
Prospect Grove
Emily Duncan
Dayton
The
United Brethren Church
Kansas City
Strike Threat After Knights of Labor Meeting
In Spring Valley Illinois September 17 a joint Knights of Labor meeting attacked Spring Valley Coal Company president W L Scott over miner abuses. Workers say promises were broken and certain workers face systematic persecution, threatening a strike.
MENTIONED IN THIS ARTICLE
Spring Valley, Ill
Knights of Labor
Bere
Spring Valley Coal Company
W. L. Scott
Governor Buckner proposes license limits after elect death
In Louisville on September 17, Governor Buckner introduced a constitutional convention resolution opposing privileges for corporations and arguing against issuing licenses to liquor outlets after the death of Deb.
MENTIONED IN THIS ARTICLE
Louisville
Buckner
Night of Terror as Beasts Rampage in Kimbe rly Menagerie
Mail dispatches from Kimberly South Africa recount a horror at midnight when a man opened all cages letting lions tigers elephants and other animals loose. Four attendants were killed as beasts roamed streets, killing women children and bystanders. police formed hunting parties and the town faced a siege.
MENTIONED IN THIS ARTICLE
Dunlap
Loxpox
Kimberly
South Africa
Fillis’ Menagerie
Pasha
Abdul
Calipp
Mustapha
Murat
Patterson
Kaffir
Sid
Chetah
Curry Street
Nelson
Glover
Dutcitspan
James Grindley
Bride of Mackerson Oakman Presented in London
Newton paper maker of London at St Sepulchre's burial site of Captain John Smith of Virginia. The bride is the daughter of Mackerson Oakman, an American engineer.
Nationalists Plan American Tour Reach United States and Canada
Four leaders of the Nationalist party John Dillon William OBrien Timothy Harrington and T P Gill will sail on the Teutonic from Queenstown October 2 for a tour of the United States and Canada. They expect strong reception and aim to return for the February opening of Parliament after Christmas.
MENTIONED IN THIS ARTICLE
Dunlap
Loxpow
Nationalist Party
United States
Canada
John Dillon
William O’brien
Timothy Harrington
T. P. Gill
Queenstown
America
Short Mention of Various Matters In Foreign Lands
Reported events abroad include a Zanzibar inquiry into a proclamation claim and a fire in San Jomachi Japan that destroyed 176 houses and four telegraph posts, with seven deaths. The Austrian warship Laurus reached Constantinople with damaged boilers, while advices say Esther Bay ashore near Sunday straits. A Japanese paper notes a Nagasaki to Australia vessel plan, and Queensland Parliament hints at three provinces under a central government.
MENTIONED IN THIS ARTICLE
Ecumiptt
Zanzibar
Oyo
San Jomachi
Japan
Laurus
Black Sea
Constantinople
Hong Kong
Esther Bay
New York
Indiana Republican Objects to Langston Venable Seating
Washington September 17 A heated debate on the Langston Venable contested election case unfolds in the House as Indiana Republican Cheadle challenges seating of Prof Langston a colored claimant Venable is urged to remain by many Republicans who say he won fairly amid party divisions in Virginia and Mahone era politics
MENTIONED IN THIS ARTICLE
Cheadle
Washington
House
Langston-Venable
Indiana
Langston
Venable
Sary Penn
Mahone
Judge Arnold
Langstonio
Virginia
Cleveland
Harrison
South
Vermont
Lightner
Clergyman Charged with Misuse of Church Funds and Secret Marriage
Rev. C. Graham Adams former rector of Christ Church is accused by the wardens and Vestry of misusing church funds and concealing a secret marriage. The charges, presented to the Western New York Episcopal Diocesan Council, include misappropriated donations and a clandestine marriage on February 16, 1889. The contracting parties were Frances Gaskill and Constantine E. Darrow. Bishop Coxe will conduct a full investigation.
MENTIONED IN THIS ARTICLE
Lockfort
C. Graham Adams
D. D
Christ Episcopal Church
New York
Washington Hunt
Governor Hunt
Christ Church
Adama
William Cocker
City Bureau of Vital Statistics
Frances Gaskill
Joshus Gaskill
Constantine E. Darrow
Painesville
Darrow
Adams
Coxe
Final separation of Louis James and Marie Wainwright
New York reports that Louis James and Marie Wainwright have ended their partnership for good after years of publicized split talks. The Chicago notice says their separate tours and personal disputes led to a permanent break, with Wainwright backed by a Colorado financier and the pair unlikely to meet again. Wainwright, once married to a Boston shoe merchant, rose from the Boston Museum stock company.
MENTIONED IN THIS ARTICLE
Louis James
Marie Wainwright
Dispatch
New York
Chicago
Miss Wainwright
Mr. James
Colorado
Boston
Bostom Museum
Revelations Promised by Labour World Publisher
Michael Davitt announces in his new weekly Labour World that its second issue will publish a series named Piggott and His Patrons. The articles will allege a conspiracy behind forged letters and detail dynamite plots funded by a secret service fund and tied to British and Dublin Castle actors. Davitt, fresh from nine years in prison, says he will not be deterred by possible further trouble.
MENTIONED IN THIS ARTICLE
Lowpos
Michael Davitt
The
Labor World
Piggott
Charles Russell
Secret Service Fund
New York
Dublin Castle
Davitt
Anti Lottery Bill Sparks Republican Turn in Louisiana
The Anti Lottery League of Louisiana hailed Congress passing the anti lottery bill and saluted in New Orleans and Baton Rouge. Republicans shift stance on lottery due to President and Congress positions, with newspapers in the state largely opposing lottery and a new anti lottery Republican group rising in New Orleans.
MENTIONED IN THIS ARTICLE
New Orleans
Congress set to depart after tariff conference report
Washington September 17 Congress will practically be at an end once the tariff bill conference report is adopted. Members plan to leave for various district engagements and joint debates after disposal of the measure, with only shipping bills likely to be postponed.
MENTIONED IN THIS ARTICLE
Washington
Congress
Reed Signs River and Harbor Bill for Immediate Presidential Action
Reed today affixed his signature to the river and harbor bill and it will go to President Harrison at once.
MENTIONED IN THIS ARTICLE
Reed
Harrison
Ohio Congress Defenders Split on Expunging Kennedy Speech
The House Judiciary Committee debated expunging Kennedy’s speech from the Record with Ohio members Tay lor and Thompson seeking leniency. Most members supported removing objectionable passages, expressing regret that it was ever delivered, pending Langston Venable case action.
Butchered by Their Father Baffles Portsmouth Mob
A mob surrounded a tenement on Middle Street to witness a bloody murder scene. Fred H Hein shot Charles W Taylor, critically wounded his 13 year old daughter Maud, killed Carrie his eldest daughter, and wounded Bertha. Hein then killed himself with a bullet to the temple. Police found blood pools and a dead gunman in the chamber.
MENTIONED IN THIS ARTICLE
Portsmouth
N. H
Middle Street
Fred. H. J. Hein
Eldridge
Carrie
Charles W. Taylor
Taylor
Hein
Maud
Bertha
Republican factions clash at Colorado state convention
The Republic and State Convention report a bitter split within Colorado Republicans with two camps the "gang" and the "gang smashers" contesting control of offices. Arapahoe county bolted and sent a contested delegation while several counties face similar strife. Both sides back Henry M. Teller for re election to the U S Senate.
MENTIONED IN THIS ARTICLE
Denver
Republican Party of
Colorado
Arapahoe County
Henry M. Teller
United States
Senate
Beginning to Boil Ex-Governor Foster Nominated in Ohio Fight
Ex-Governor Charles Foster is nominated by the Republican Eighth District of Ohio to run for Congress amid a high stakes campaign. He aims for a Senate seat, while Democrats embrace the issue of Foster and the Standard Oil Company, promising a memorable statewide contest.
MENTIONED IN THIS ARTICLE
Charles Foster
Ohio
Diafaton
Fridlay
Eighth
Congress
Foster
United States Senate
Standard Oil Company
St Paul Minneapolis and Manitoba Railway Files 6 Million Extension Mortgage
The St Paul Minneapolis and Manitoba Railway Company filed with the New York States Pacific extension mortgage to Central Trust Company of New York valued at £6,000,000. The filing marks a major financing arrangement involving the railway and the trust institution in a large debt extension.
MENTIONED IN THIS ARTICLE
Sr. Paul
St. Paul
Constitutional convention rejects Christman voting amendment
Jackson September 17. The state constitutional convention rejected the Christman amendment that tied voting qualification to the ability to read or understand a section of the state constitution. The dispute over interpretive language continued unresolved at adjournment.
MENTIONED IN THIS ARTICLE
Jackson
Chrisman
Plumb Proposes Recommitment on Bankruptcy Bill
In Washington on September 17 the Senate heard Mr. Plumb offer a resolution to recommit the House bankruptcy bill to the Judiciary Committee with instructions to amend for voluntary bankruptcy only and report back as amended at the earliest moment. He said a vote would be asked tomorrow. Also in Washington on September 17 Representative Lacey introduced a resolution for immediate consideration of the Senate direct tax bill next Tuesday with a 4 PM vote on passage.
MENTIONED IN THIS ARTICLE
Washington
Senate
Plumb
Judiciary Committee
Lacey
Oil strike at 180 feet shocks Oxgreat town
A strong flow of oil was struck at a depth of 180 feet today by Charles Wilson while drilling a well in Oxgreat Ia. The discovery caused great excitement as word spread of possible substantial output and economic impact for the town and surrounding area.
MENTIONED IN THIS ARTICLE
Oxgreat
Charles Wilson
Revolt in Italy as 600 Peasants Attack Town Hall
A Rome dispatch reports 600 armed peasants marching on Caramanico near Chicki and plundering the town hall while destroying records. Troops are dispatched. wider provinces threaten revolt over increased taxation. The unrest signals a grave regional disturbance.
MENTIONED IN THIS ARTICLE
Paris
Rome
Caramanico
Chicki
Local Politician Converts to Hebrew Faith in Carcasco
Vere F. Hunt of Carcasco has joined the Hebrew faith and will use the name Israel Isaac Ostenheimer. Formerly aligned with several parties, he now identifies as a Socialist.
MENTIONED IN THIS ARTICLE
Carcasco
Vere F. Hunt
Israel Isaac Ostenheimer
Marriage at Join Smiths Grave in London
London filed terse report: Miss E Oakman wed Mr F O Oakman today. The ceremony occurred at Join Smiths Grave with limited local details given as of press time.
MENTIONED IN THIS ARTICLE
Join Smith
Duklap
London
Oakman
F. O
Boy Shoots Himself While Examining Revolver
New Castle reports Earl Dufford aged 16 examined a .32 revolver and shot himself near the heart this morning. He is in critical condition with likely fatal injuries.
MENTIONED IN THIS ARTICLE
New Castle
Tariff Bill Conferees Hold Session to Expedite Vote
Washington September 17. Republican tariff bill conferees met this afternoon for two to three hours in a bid to speed the process before the full conference committee meets with the President. Washington September 17 Speaker
MENTIONED IN THIS ARTICLE
Washington
Eeady
Granite State Gubernatorial Concorp Nomination
Hiram A. Tuttle was nominated by the Republican State Convention for governor. The event marks a key party decision in New Hampshire politics.
MENTIONED IN THIS ARTICLE
Granite State
Hiram A. Tuttle
Republican State Convention
Weather floods close South Norwalk factories in rain
Widespread rain in South Norwalk, Connecticut forced factory closures while other regions report shipwrecks and accidents. The steamer Princess Beatrice was wrecked near New Harbor Nova Scotia with all saved. The Vigilancia steamship was dismantled after a freight-train incident. A railroad wreck near Goldens Missouri injured fifteen.
MENTIONED IN THIS ARTICLE
South Norwalk
Conn
New Harbor
N.S
Horace M. Porter
Horace Porter
Philadelphia
William Hirt
St. Joseph
Warren
St Louisana Southern Railroad
Goldens
Vigilancia
Roach
Chester
Reunion of the Forty-Sixth at Uniontown Veterans Gather
Ten thousand veterans and friends marked Grand Army Day at Rock Point with music, stories, and solemn recollections of Civil War service. Regimental reunions and regimental headquarters events showed thinning numbers as old comrades recalled Libby Andersonville and postwar joys and sorrows.
MENTIONED IN THIS ARTICLE
Grand Army of the Republic
Rock Point
Regi
Blua
Grant
Hancock
Sheridan
Libby
Andersonville
Yonder
Fas
Jolly
Also Mentioned on This Page
Bankers
4 In
Ontside
Exchange
Chase & Co
A. E. Dennison
Phelps
Glass Men’s Interests
Lottaries
Davidt
Oom
Abuic Vidal
Kennsty
BT Dumnlap
Kennedy
Hoare Judiciary Committee
Committee On
Judiciary
Ezra B. Taylor
Old
Garfield
Thompson
Quay
Ohio TR
Kenne
McCormick
Ania
Italy
Cable Company
Wyoming
N. Y
Beaumont
Chicago Opera House
Eighty-Fifth
Uniontown
Denniston
W. W. Tyson
Erie Soldiers’ Home
Danks
Alexander McDowell
Shara
O. L. Jackson
A. P. Birchfield
Mande
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