Bryan outlines government insured deposits plan in banking reform
President Roosevelt and William J. Bryan met in the White House to discuss Bryan's proposal for government insurance of bank deposits. He said the plan would require assessments on all national banks to cover losses and could prompt states to adopt similar guarantees for their banks. Bryan favored tariff relief on newsprint and wood pulp and deemed Congress unlikely to act during a Republican majority.
MENTIONED IN THIS ARTICLE
Washington
Roosevelt
William J. Bryan
White House
Mr. Bryan
Bryan
Congress
Taft Train Guarded in European Russia
In Penza on December 2 the Ufa police doubled security as fifty soldiers guarded the car corridors where Secretary Taft rode. The train moved slowly and cautiously overnight. Taft expected a Tuesday greeting from Emperor Nicholas and a Wednesday reception by Iswolsky if he can delay leaving St. Petersburg until Thursday. Montgomery Schuyler Jr said a nobleman would be named as the Emperor’s personal aide during Taft’s stay, and Taft denied any meeting with Emperor William.
MENTIONED IN THIS ARTICLE
Penza
European
Russia
Taft
Ufa
Emperor Nicholas
Iswolsky
St. Petersburg
Hamburg
Montgomery Schuyler, Jr
Emperor William
Democrats choose Williams for House speaker in caucus
Washington December 2 Democratic members of the house met in caucus to select nominees for house offices including speaker. Henry D Clayton of Alabama presided, and John Sharp Williams of Mississippi was nominated for speaker by acclamation with no opposition amid a large attendance of 167 members.
MENTIONED IN THIS ARTICLE
Washington
House
House of Representatives
Henry D. Clayton
Alabama
John Sharp Williams
Mississippi
Morgan in Washington Shapes New Loan Support
J Pierpont Morgan met with Secretary Cortelyou and the president in Washington. His visit signals New York financial leaders will cooperate with the treasury to implement the new loans. Morgan favored currency elasticity and urged steps to restore confidence. he did not push a specific plan. The talks boosted belief that monetary conditions are improving and that bank reserves can recover with gold imports stabilizing after Panama bond bids.
MENTIONED IN THIS ARTICLE
Washington
J. Pierpont Morgan
Cortelyou
New York
Treasury Department
Mor.gan
Walker Acquitted in Embezzlement Case In Rockport
John P. Walker former city and county treasurer of Rockport Indiana is acquitted after admitting a shortage of over $63,000 in county funds. He said he lacked felonious intent and expected to repay debts with loan proceeds.
MENTIONED IN THIS ARTICLE
Rockport
Ind
John P. Walker
Walker
Nightingale Receives Order of Merit from King Edward
Florence Nightingale, renowned English philanthropist, is awarded the Order of Merit by King Edward. She becomes the first woman honored with the distinction, which has previously gone only to nineteen men of notable achievement.
MENTIONED IN THIS ARTICLE
London
Florence Nightingale
Edward
Mrs Myra Farrant Burned To Death In Beloit Home
Aged seventy seven Mrs Myra Farrant was burned to death when her clothing caught fire in her Beloit Wisconsin home. She was found in a blaze sitting in her chair unconscious. The incident is reported as a fatal house fire.
MENTIONED IN THIS ARTICLE
Myra Farrant
Beloit
Wis
Gold imports arrive in New York in 326 boxes
New York reports 12,349,000 dollars in gold from Europe landed aboard liners Mauretania Baltic and La Savoie. The funds were moved with all possible haste to bank vaults to be available for immediate use.
MENTIONED IN THIS ARTICLE
New York
Europe
Mauretania
Baltic
la Savoie
Court Denies Motion in Powers Trial at Georgetown
In Georgetown Kentucky on November 26 the Powers trial defense sought removal of deputies Ernest Neal and A P Saliers who are currently in charge of the jury. The court denied the motion.
MENTIONED IN THIS ARTICLE
Georgetown
Powers
Ernest Neal
A. P. Saliers
Justice Betts postpones hearings on receiverships in New York banks
In Albany on December 2 Justice Betts postponed to December 12 the hearing on making permanent the receiverships for three trust companies and three banks in Greater New York. The delay was requested by depositors’ counsel. Temporary receivers had been appointed November 16 after closures amid financial turmoil.
MENTIONED IN THIS ARTICLE
Albany
N. Y
Justice Betts
Supreme Court
Greater New York
Williamsburg and Jenkins Trust Companies
Borough
Brooklyn
Hamilton Bank
International Trust Company
Borough of Man
Alton B. Parker
Court of Appeals
Edward M. Shepard
Shepard
Borough Bank
Whte
Death of Baron Walter Bieberstein Revealed Aboard Virginia
The steamer Virginia reports the death aboard of Baron Waldemar Rogalla von Bieberstein of Rosoggen near Stensburg Eastern Prussia. A steward named Walter Bieberstein died on the voyage near Port au Prince after falling ill and was buried there. He left papers identifying himself to Captain Jack who, now in the German consulate, will reveal them only to the German consul.
MENTIONED IN THIS ARTICLE
New York
Virginia
Hamburg American
Atlas
Waldemar Alexander Walter Rogalla von Bieberstein
Rosoggen
Stensburg
Prussia
Walter Bieberstein
Port Au
Port Au Prince
Tain Felix Jack
Germany
Jack
Arabs Routed at Adjeroudkiss clash in Algeria
An official report from Lalla Maghnia states French troops decisively beat Benis Nassen tribesmen at Adjeroudkiss near the Ouedkiss river. Arab forces suffered heavy casualties with no French losses. Reinforcements arrive as Arabs concentrate at Aghbal. In Washington the Brotherhood of Railway Trainmen files a complaint with the postmaster general claiming Missouri Pacific tracks are unsafe and require investigation.
MENTIONED IN THIS ARTICLE
Lalla Maghnia
Algeria
Adjeroudkiss
Ouedkiss River
Adjeroudkig
Aghbal
Washington
The
Brotherhood of Railway Trainmen
Missouri * Pacific Railway Company
Senator Platts Clearing House National Incorporation Bill
Sting reports Senator Thomas C Platt will introduce in the senate a bill for national incorporation of clearing houses. Each state would have one central clearing house with power to issue a key to its members and maintain a reserve equal to that required of national banks.
MENTIONED IN THIS ARTICLE
New York
Sting
Thomas .¢. Platt
Senate
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