Kuhn Loeb Plans $25 Million Austrian Loan Float
The New York bank Kuhn Loeb & Co. announces plans to help float a $25 million Austrian loan in the United States, backed by assurances of minimal risk of war among European powers.
10 Dec 1912
Page 1
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Newspaper
Record And Chronicle
Location
Denton, Texas, United States of America
Date
Dec 10, 1912
Page
1
The New York bank Kuhn Loeb & Co. announces plans to help float a $25 million Austrian loan in the United States, backed by assurances of minimal risk of war among European powers.
Dublin reports that the Lord Lieutenant denies the claim that the Teland crown jewels, valued at £250,000 and stolen five years ago, have been returned to Dublin Castle. The jewels had multiple erroneous reports of recovery.
In Washington December 10 Senator Culberson announced his intention to nominate Murrell L. Buckner as postmaster at Dallas.
A terse report lists numeric figures and codes in an unreadable sequence. The fragment suggests financial or statistical data with several long numbers and identifiers, but lacks clear context or description of origin or purpose.
A historical bank record shows capital stock paid in 100000, surplus fund, undivided profits minus expenses and taxes, and various liabilities. Notes outstanding 23000, deposits subject to check 461698.48, time certificates, cashiers checks, and totals listed with figures to the dollar.
Frank Holloway a noted Texas and Oklahoma robber was captured in a night raid on the outskirts of Memphis by city detectives. Kinney Bergen, a famed safe blower, was killed in the same raid and two other men were arrested. Holloway had confessed to a $300000 Canadian bank robbery and previously escaped while being transported to prison.
Bridgie Webber, one of four Rosenthal case informers, repudiates part of his witness story arriving from Havana. He says no plot to kill Herman Rosenthal, claiming the gunmen went to the Metropole to fight Rosenthal, two got drunk, and the shooting followed.
The biennial report of the Registrar of Vital Statistics shows Texas had 115,428 births and 56,421 deaths for the two years ending August 31. Tuberculosis led deaths with 5,401, meningitis ranked fourth with 2,024, and smallpox stood seventh with 134.
Improvements at the municipal power pumping and lighting station reduced the Denton key rate by 15 cents, yielding an estimated annual saving of at least $6,500. The new rate of 39 cents applies to policies written after August 28 and earlier 14 cent reductions to October 28, with Mercantile and dwelling house rates adjusted by exposure. Rebates to be issued via checks around December 23.
Great Britain formally protests the Panama Canal Act provision that exempts American coast-wise ships from tolls. The note to Secretary Knox argues it breaks the Hay Pauncefote treaty and could favor American vessels. Sir Edward Grey proposes arbitration on the questions raised.
The document lists loans and discounts both secured and unsecured along with U S Bonds to Secure circulation. It shows due from national, state and private banks and bankers and cash items including fractional currency. It includes a redemption fund with the U S Treasury and totals for assets and reserves totaling 458 940 99 dollars.
Associated Press dispatch from Chicago reports Col. Roosevelt stating the Progressive party will not make terms with the Republicans. He asserts the new party will endure and aim to attract loyal Republicans and Democrats, with leadership chosen for the public good.
The House money trust investigation probes the Morgan influence in New York banking. Attorney Untermeyer pressed Walter Frew to admit that Bankers Trust deposits rose from 5 million in 1903 to 168 million now due to J. P. Morgan & Co. Frew acknowledged three voting trustees are Morgan associates.
In Davenport England the British battleship Centurion rammed and sank an unidentified steamer today. Details of the collision remain unknown and no casualties are reported in the brief notice.
Telegraphic market report lists open and close prices for Liverpool New York and New Orleans futures dates in early December with February March and January contract figures and spot quotations across major ports including Liverpool New York New Orleans Galveston with cents values and percentage changes.
Seed cotton sold up to 4.40 cents and lint cotton reached 12 1/2 cents for top Tuesday. Receipts are light due to unfavorable picking weather.
Results announced Tuesday show all second grade county certificate applicants passed. Named in the county list are Miss Virginia Hogan Garza Miss Elizabeth Rhine Krum and Ida A Varner Pilot Point. State certificate results pending two weeks or more for W R Martin Hico and others from the I A Judith Hall Clara Barber and J P Barber of the Normal college.
Dy J M Hanks and Mrs EB Donaldson of Blum visit Ruth Donaldson a Normal student ill with acute gastritis at Mrs Della Bounds home near the college. Ruth shows marked improvement and will go home this week. Dr Hanks shares Denton Normal enrollment figures about 2600 to be published in his home paper.
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