18 Nov 1907
Page 1
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This newspaper page contains 18 articles. Subscribers can read the full text of each article.
Newspaper
Rock Island Argus
Location
Rock Island, Illinois, United States of America
Date
Nov 18, 1907
Page
1
Government moves to ease currency stringency by issuing Panama canal bonds worth 50 million dollars and certificates of indebtedness totaling 100 million dollars. Markets react with upward price moves as gold drain fears lessen and bankers praise the plan.
Government bonds issued to finance the Panama Canal total 100 million dollars with 2 percent interest in gold. Issues dated Aug 1 1906 mature 30 years redeemable after 10 years. Denominations include 20 100 1000 and 10000 in various formats. Subscriptions open to all citizens with highest bids allotted first. Deadline Nov 30 1907.
New York financial circles discussed the proposal by the president and Secretary Cortelyou to issue Panama bonds and treasury certificates totaling 150000000. Short term certificates drew particular interest for their novelty in the United States. Officials described non circulatory use for the new certificates.
Chicago, Nov. 18. R. F. Williams auditor for Southern Indiana railroad testified in the John R. Walsh case and refused further. Judge Anderson rebuked both Williams and defense attorney Hynes as three bench rulings went against the defense. The judge admitted books of corporations linked to Walsh as evidence and ruled bank examiner Moxey competent to interpret bank entries.
The excerpt discusses attempts to locate a suitable meeting place for the legislature outside Guthrie and notes Shawnee offering quarters for state officers and a free legislature meeting site. It provides composition of the Oklahoma legislature with 109 representatives and 44 senators and states that Governor Haskell has not outlined proposed legislation in the call.
Washington witnesses for the defense describe Mrs. Bradley's appearance and demeanor after the murder of former Senator Brown of Utah. Journalists, police, and a Salt Lake physician testified she seemed pale, agitated, or rambling, but sane, while the doctor noted possible brain effects from blood poisoning after complications in childbirth.
The US Supreme Court ruled in favor of consolidating Pittsburg and Allegheny. The merged city will cover 38 square miles with about 550,000 residents, surpassing Cleveland and Baltimore and rivaling Boston for fifth largest by population and the world’s largest tonnage.
Washington on November 18 reports say lawmakers from both parties agree urgent currency relief is needed in the upcoming session. Debate centers on asset versus bond systems, with proposals for increased bank credit yet heavy taxes to curb excess. Treasury plans to issue 100 million in certificates and 50 million in Panama bonds are viewed as a full solution by officials and White House visitors.
Secretary Taft reached Vladivostok aboard the Rainbow after a slow crossing that delayed the voyage by a day. He will begin land travel toward St. Petersburg on the Trans Siberian route, with imperial car and military escorts provided for the journey. Taft plans to sail from Hamburg to New York on December 7, staying aboard until departure.
Edward G. Lewis testified in federal court that he organized the Peoples and United States banks to aid farmers. He said his plans were presented to and approved by leading St. Louis bankers and that the bank was founded for farmers' benefit.
Georgetown Kentucky November 18. The defense in Caleb Powers trial at noon filed a motion to discharge the entire Harrison county venire including seven jurors already qualified. Affidavits allege sheriff irregularities in summoning the venire.
Lafayette Ind Nov 18 William J Bryan announced he would not elaborate on his prior remarks about his presidential aspirations and that tonight he would address Democrats with a plain talk focused on politics rather than himself.
Guthrie Oklahoma November 18 Governor Charles N Haskell issues a call for the new state legislature to meet December 2 The session location is left unspecified triggering concern that the capital may be moved or decided later The move sparks speculation among officials and residents about the capital’s fate
Fargo reports two firefighters killed and about 200000 dollars in loss after a blaze destroyed the J I Case company offices and warehouse. The fire began early today in Fargo North Dakota, with extensive damage and strategic importance noted by local authorities.
President Roosevelt invites governors and lawmakers to a White House meeting May 13 14 and 15 to discuss conserving natural resources. The letter warns resources are depleting, urges inventories and future needs, and invites members of Congress and the Inland Waterways Commission to attend.
Pittsburg Pa Nov 18 Ex State Senator William Flinn of Pittsburg reveals to friends he would pay two million dollars for a United States senate seat and does not care whether it is Knox or Penrose current seat up for grabs.
Furs valued at $25,000 were obtained under false pretenses by F. E. Wolffe who allegedly posed as an agent for a Halsted street house. Police report the incident occurred in Chicago on November 18.
In central Illinois the Illinois State Anti-Saloon League opens a three day convention in East St Louis with over 500 delegates. The group aims to organize local option campaigns in townships to close saloons, noting two counties St Clair and Madison show little hope, while Belleville and East St Louis may see efforts to close four saloons despite tough conditions and a saloon for about every 40 voters.
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