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The Idaho Scimitar in Boise, Idaho

18 Jan 1908

Page 1

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This newspaper page contains 4 articles. Subscribers can read the full text of each article.

Newspaper

The Idaho Scimitar

Location

Boise, Idaho, United States of America

Date

Jan 18, 1908

Page

1

Two Railroads Collapse Amid Financial Panic

The new year opened with two major railroad failures. Seaboard Air Line, 2600 miles, spanning Virginia to Florida, with liabilities around 58 million, goes to receivers. Chicago Great Western, Chicago to Omaha with branches, owes about 10.65 million, about 1.5 million due now, funds unavailable. Receivers ordered to meet debts and operate the lines.

MENTIONED IN THIS ARTICLE

Harbor of Safety Seaboard Air Line Thomas F. Ryan Chicago Great Western A. B. Stickney Southern Richmond Virginia Tampa Florida North Carolina Georgia Alabama Baltimore Norfolk Chicago Omaha Kansas City Minneapolis Rockefeller- Morgan-Ryan Combine Stickney New York
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Industrial Disaster and the Republican Record in Hard Times

The Appeal to Reason cites bank failures and wage cuts amid October panic and cites Wall Street Journal figures on rising corporate failures. It argues Republican policy worsened distress through a new monetary standard and Dingley tariff, urging oversight of party influence on labor and industry. It calls for prudent governance to avert further hardship.

MENTIONED IN THIS ARTICLE

Appeal To Reason Wall Street Journal Republican Party
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Taft Delivers NY Address On Wealth And Labor

Secretary Taft spoke at the People's Institute in New York choosing not to commit on key issues. He said large fortunes are both good and bad depending on use and expressed support for labor organizations when they are properly managed.

MENTIONED IN THIS ARTICLE

Mr. Taft Brownsville Taft Roosevelt New York United States People’s Institute
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President Parkinson Sustained Amid Investigation in Idaho Stake

The Scimitar notes the Mormon church action sustaining George C. Parkinson for three months while irrigation district finances are investigated. President Hyde says departures are punished, and Parkinson remains stake president though no longer a state regent, amid political contrasts with Governor Gooding.

MENTIONED IN THIS ARTICLE

Scimitar George C. Parkinson Stakes of Zion Idaho Hyde Pocatello Mail Parkinson Preston Gooding
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Also Mentioned on This Page

Pecerve Idaho Scimitar Vol. I Dan
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