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Newspaper
Semi Weekly Reporter
Location
Waterloo, Iowa, United States of America
Date
Dec 06, 1907
Page
5
Boston December 6 signs of business recovery spread across New England as mills resume operations or extend hours after weeks of curtailments and closures. The mood improves as conditions loosen and production returns toward normal in several districts.
The national banking system readies for a favorable shift as the controller of the currency reports healthy cash reserves near the required 25 percent in major centers. New York shows loans rising with reserves below the rule, while Philadelphia Boston Pittsburgh and others exceed the standard. Indianapolis Omaha and Milwaukee report strong excess reserves and cashiers’ checks are being canceled to free currency for circulation.
Washington reports a White House meeting between President Roosevelt and Senators Aldrich and Crane shifted views on renomination. The talks centered on currency but led to a political direction, with Aldrich and Crane, top Republican leaders, convinced Roosevelt would not seek another term._PUBLIC_Observers note private doubts among many senators about the president’s renomination plans.
An eastbound Atlantic Express train near Pittsburgh derailed after a possible frozen or misthrown switch, throwing Pullman cars from tracks and injuring several passengers. Among the injured are Mrs. R R Stevens and two daughters of South Orange New Jersey, Margaret Feeney of Moreno town, Raymond Robb and wife of Tersey au ty, J A Sweeney of Philadelphia, Charles Johnson of New York, Thomas Catran of Conney New Mexico, Miss A H Olson of Brooklyn, Mrs J L Shepherd of Manila, and two Shepherd children aged four and six.
London reports a strong plum pudding industry with England’s monopoly intact. Festive puddings flood world markets as gifts for the United States and British Empire nations. A leading firm ships over 800 tons of pudding abroad each Christmas, totaling about 100,000 puddings, while costly jewelry and ornaments increasingly replace the traditional threepenny bit inside the center.
Edward H Harriman, head of a major railroad system, says the United States is recovering from the recent panic. He notes signs of renewed public confidence and railroad reopenings. He warns the recovery is steady and not too rapid to risk reoccurring trouble, encouraging further investments for industrial growth.
Secretary Taft and entourage left St. Petersburg at noon bound for Berlin. He asked Ambassador Townt to avoid formal entertainments because his mother is seriously ill. In Washington, Chairman Fowler of the banking and currency committee named five members for the sub committee to draft a currency bill.
Washington reports Representative Henry H. Bingham of Pennsylvania, known as the father of the house, receiving many congratulations on his 66th birthday. A senior member, he has begun his 14th consecutive term while Speaker Cannon remains the longest serving, though he missed the 52nd Congress.
Father Farkenbrock reports pledges totaling 11 000 toward a 30 000 goal for a Franciscan Sisters hospital in Waterloo. He calls on commercial institutions and residents to complete the subscription to 18 000, enabling spring construction and the non sectarian facility serving 75 patients with broad physician access and equal treatment. The Waterloo board of trade pledges cooperation as efforts intensify to secure the project’s final funding.
Dubuque December report says Austin Oleson case, involving Cascade last February, was settled out of court for 5500 after evidence was taken and parties reached agreement. Oregon was unsexed by the accident.
In Kansas City Dec 54 members of the Republican National Committee arrived for a meeting to discuss the selection of the chairman. All eyes centered on New as the likely successor, with the main business set for tomorrow. The convention date and site would be decided on Saturday, with Kansas City seen as the front runner.
Norfolk reports a coast storm with sixty mile per hour winds at Cape Henry. Fear of heavy damage at sea, especially to sailing vessels. Several large battleships moved toward Hampton Roads, while six torpedo boat destroyers on the Pacific bound second flotilla, sailing from Hampton Roads Monday for Porto Rico, faced anxiety over their safety in the storm.
Desseph Badenoch of the Illinois Athletic Association completed the 53 hour walk from Milwaukee to Chicago. He was the sole survivor among nine starters. Badenoch arrived at 2 10 p m at the club house of the tri state Athletic Association, finishing the planned $1 000 wager distance.
The National Bank of Commerce in Kansas City closes its doors and enters receivership after a long decline since August. Clearing house officials refused to aid the bank as deposits fell and loans and discounts were cut. The bank, among the city’s oldest and largest, faced heavy withdrawals and a crowded scene at the doors as customers sought to withdraw funds.
Tokta dispatch says the emigration committee met Minister Hayashi who outlined Japan’s aim to tightly restrict migration to the United States and Canada. Some members opposed the course, but Hayashi dismissed the committee without compromise. Berlin reports Chancellor Finnea Von Renlow secured pledges of loyalty from coalition parties as the Reichstag opened. In the U S case Judge Hazel postponed ruling on a motion to make permanent an injunction barring Delaware Lackawanna and Western from striking. In St Petersburg a one day strike by 50 thousand mill hands shows solidarity with 37 social democrats accused of high treason. Brest reports the Royalty aboard the British battleship Renown forced to shelter due to heavy channel gale. Evans leads the Pacific fleet from the Connecticut after Hampton Roads. Chicago notes nearly a thousand Scandinavians to spend Christmas in their homeland.
Banks in Kansas City and surrounding areas closed after failures at National Commerce Bank branches. Stockyards Bank of Commerce held about 300,000 in deposits and Union Avenue Bank of Commerce carried small defaults, but Chicago remained unaffected. First National Bank in New York noted a large credit balance with Kansas City bank as markets reacted cautiously. State Bank of Argentina in Kansas closed with modest deposits. stock tied to National Bank of Commerce of Kansas City held most shares.
Elliott in Closed Bank story details the National Bank of Gommera closure at Kansas City. Former Waterloo resident St Elliott, aged several months in service, worked in a clerical post at the bank implosion. Mr. Biflett, once cashier of Blackhawk National Bank, is named among local friends. The bank was among the oldest in Kansas City, established forty two years ago.
A significant conference in Secretary of Commerce Struss's office aimed at strengthening ties between the department of commerce and United States chambers of commerce and boards of trade. The meeting, preliminary in nature, focused on administrative aspects of international commercial relations, excluding tariff and reciprocity matters. Delegates from numerous commerce groups attended, with Hoot also invited. Also reported is J. B. Bates suing Great Western Accident Association for 600 in commissions earned on insurance written by March 20, 1904, alleging a 50 percent share and pending settlement.
Mrs Mary Maria Cooper wife of W F Cooper died at the family home 627 Limestreet shortly after 6 00 pm Wednesday after a three year illness bedridden most of the last two years One of five children Mundo is buried at Quasqueton Surviving children Martha Luela Archiband Eds ward and others reside in Waterloo Kewanoo Parlarsburg Fort Dodge and Manitaha with several siblings in Canada Funeral services set for Saturday at 7 00 am from the home conducted by Rev H Hult then to Quasqueton for burial Open coffin Friday 3 00 to 6 00 pm
A new East Fourth Street street car derailed Thursday forenoon while heading to Mimosa Central and struck a dwelling once occupied by General Manager C. D. Cass. Crews jacked and re-railed it with another car, landing it upright. Traffic was halted about an hour as crews cleared the scene. Congress adjourned until Monday after a brief session.
Reverend H G Beeman faced questions over bonds for FP W Miles amid gambling accusations. Bonds set at 200 dollars. certain signers qualified. Attorneys challenging statements about counsel involvement. Preliminary hearing delayed. other legal maneuvers noted. William Crownover of Hudson reports four horse prizes at Chicago exhibition, including Percheron wins for Matchless Black Beauty Damas and Zenith.
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