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Newspaper
Sidney Telegraph
Location
Sidney, Nebraska, United States of America
Date
May 18, 1901
Page
6
A day of intense trading on the New York Stock Exchange ends with bankers forming a 16 million dollar pool to stabilize credit and reduce the rate to 6 percent. Panic centers on margin calls and collateral shrinkage while early reports of insolvencies surface but lack confirmation.
In Chicago on May 10 the Western Passenger association executive committee debated enforcing a uniform interchangeable mileage hook. Rock Island and Missouri Pacific support a peak interchange while other lines resist adoption.
A New York banker described relief after lenders loaned about $16 million post ten o'clock, with rates as low as 6 percent, asserting the crisis subsided. An industrial leader echoed the view that the worst is over, noting conferences among financiers aimed at protecting well regarded figures and predicting a buying surge and market rally tomorrow.
Armour & Co of Chicago has purchased the old International Packing plant in Sioux City and will operate it. The five acre site cost 400000 to build and features a capacity of 500 cattle, 3250 hogs, and 1000 sheep. The plant, built by the Silberhorns, changed hands in 1899 to International Packing, then to Sioux City Provision recently. locals anticipate rivalry with the Cudahy operation already in town.
The Harvard board of overseers voted to award President McKinley the degree of Doctor of Laws. The decision was announced by President Solomon Lincoln, with a vote reportedly 26 to 3. The meeting extended from 1 to 2 pm amid high interest, with seventeen members present.
The Evening Post reports John Loeb & Co have bought Northern Pacific shares to block Burlington’s takeover unless Union Pacific interests are protected. A triangular arrangement may emerge with Union Pacific, Northern Pacific, and Great Northern sharing control under adjusted guarantees.
Census returns show England and Wales total population at 2 325 716, up 523 391 from 1891 an increase of 12 15 percent in ten years. Forty eight counties gain population while fourteen decline marking broader regional shifts.
Wymore Nebraska business men's association adopts plan for a week long street fair with daily special events. Committee members R. P. Boyle J. A. Reuling P. Hargrave and J. R. Dodds named to arrange preliminaries. Amusements guaranteed at several thousand dollars with events like firemen's tournament corn carnival and flower parade.
A New York meeting at Kuhn, Loeb and Co between Jacob H. Schiff E B Harriman and George J. Gould reportedly arranged a settlement of railroad differences in the west. It was said insurance would be given to the Rock Island St. Paul and Union Pacific to safeguard their interests in an alliance.
William Friel Jr of National Starch Manufacturing confirms factories shut down in Brooklyn due to the Chicago corn corner. The company will not buy corn while the market is unstable and expects the closures to be temporary.
The secretary of the treasury bought 89,000 dollars of short term 4 percent bonds at 113.64 and 75,000 dollars at 119.65. plus 50,000 dollars at 113.65. These purchases were reported in Washington on May 9.
W H Printon of Peru Plow and Wheel Works says the plow combine will merge into a national trust of U S implement makers with 90 percent in a New York conference. Capital could reach 50 to 75 million dollars and Charles H Deere would be named president.
The chafing dish is an ancient culinary adjunct once in great demand at grand Roman feasts. Recent excavations at Pompeii reveal exquisitely crafted examples from antiquity.
With Col McClure’s retirement, Dr Alfred C Lambdin longtime associate assumes editor role. Darwin G Fenno remains managing editor after years in the post.
Ireland lost 45,288 emigrants last year, up 3,347 from 1899. Ages 15 to 35 account for over 82 percent. Of the total, 37,765 went to the United States, 6,050 to Great Britain, 64 to New Zealand, 472 to Canada, and 534 to Australia.
Reports say the Chinese emperor smokes cigarettes continuously and relies on American cigars, signaling a severe tobacco habit affecting his health.
Mrs. M A Goss of Bryant Missouri credits Dodd's Kidney Pills with curing her sciatica and rheumatism after months of pain and bed confinement. She says after a week of the remedy she improved, and within four weeks could sit up and walk a short distance. Her story, shared with the St Louis Globe Democrat, has generated wide interest across Douglas county.
The Nebraska Supreme Court holds that taking money or goods from a man by charging him with a crime and threatening exposure constitutes robbery. The ruling clarifies what evidence is sufficient to establish the crime under Nebraska law.
The advertisement touts Grain-O as a nutritious cereal drink to replace tea or coffee for children. It claims Grain-O tastes like coffee when prepared properly, sells at 15c and 2c at all grocers, and emphasizes its health benefits and affordability.
A proverb notes that when a woman keeps a mirror in her room the carpet tends to wear most where she sits or moves. The observation links daily routines to visible wear patterns on home furnishings.
After April 29 President McKinley will leave Washington for the Pacific slope and spend six weeks on the western tour. Upon return he will travel to New England for commencements at Wellesley and Harvard and visit Senators Hoar and McMillan, then spend the Fourth of July in Hingham with Secretary Long before the rest of the summer at Canton.
The U S consul at Magdeburg reports an electrical farm in Germany using a dammed stream fall to drive a large turbine. Almost all farm machinery including pumps harvesters feed cutters threshers churns and ploughs are powered by electricity distributed via overhead wires.
A Kansas woman writes to the Philadelphia police claiming the ad offering facial hair removal medicine caused chemical burns after sending a dollar for a bottle. She seeks $500 settlement from the advertiser and warns the department she will say nothing against the woman if paid.
California began oiling roadbeds a few years ago to curb dust and the practice is spreading. The long dry season makes dustless roads appealing and the early success suggests wider adoption across the state.
On November 3 a Salix resident Mrs. Felix J. Jauron gave birth to a twelve-pound boy the day before her husband was elected Woodbury County supervisor. Mr Jauron had won the supervisor seat three years earlier and had recently become a father to girl twin babies. He was the county's sole Democrat elected official.
Only one structure at the Pan-American exposition in Buffalo will be built entirely by a woman and it represents New England. Miss Josephine Wright Chapman of Boston is honored for her brilliant design and leadership on the project.
Gallus Ritter von Hochberger M. D. the imperial and royal counselor in Carlsbad is the world’s oldest qualified physician. Born October 15, 1803 he is 97 years old and has practiced for seventy four years while still giving medical advice.
English enthusiasm grows for Heet Beer made from beet roots. The drink contains abundant sugar juice, but removal of gums acids and salts is costly and would push beer prices higher.
The piece lists when governors begin terms in Alabama Kentucky Georgia Louisiana Rhode Island and Vermont in November April May and October. It notes New York governors term ends December 31 and Roosevelt becomes a private citizen from January 1 to March 4 1901.
The queen of Greece is described as the world’s only woman admiral. She was appointed by the late Emperor Alexander II of Russia for her love of the sea rather than a military regiment, following a custom.
The Saskatoon district in Western Canada attracts American settlers with fertile alluvial soil, mild winters, and rich grasses. Two soil varieties yield high crops, stock-raising and dairy potential, with ample hay, water, and fuel. Climate remains sunny, dry, and healthy year round, supporting early cultivation and abundant pasture.
A wry observation notes many clergymen remain poor as they deliver sermons without prepared notes, relying on memory and improvisation rather than documented guidance.
A grocer’s notice promotes DEFIANCE STARCH as the sole 16 ounce package selling for 10 cents. It contrasts with other 10 cent starches that promise satisfaction guaranteed or money refunded.
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