Bankers Life Insurance elects Hancher president
Announcement yesterday named Charles Hancher, president of Irving National Bank, New York, as the new president of Bankers Life Insurance, succeeding Richard Mor esne who resigned due to illness.
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Newspaper
The Indianapolis Journal
Location
Indianapolis, Indiana, United States of America
Date
Sep 28, 1902
Page
11
Announcement yesterday named Charles Hancher, president of Irving National Bank, New York, as the new president of Bankers Life Insurance, succeeding Richard Mor esne who resigned due to illness.
A fifteen year old from Cincinnati visiting Washington sent a telegram home reporting arrived safely and noting he saw Jim Jones. A Washington correspondent later recalled a Cape May outing telegram about his wife and infant daughter left with an aunt during a trip.
New York on a volatile Friday saw fierce speculation and pool activity amid expectations of a stronger bank statement. Surplus reserve details, loan calls, and money stringency pushed prices down then attempted recovery, with Louisville and St Paul among lead losers amid denials and reports.
Indianapolis reports commercial paper at 4 3/4 to 5 1/4 percent with clearings 1,788,710.08 and balances 331,670.33. New York call money at 6 percent, odd lot 7 percent, mercantile paper 6 percent. Sterling exchange firm. demand 487.75, sixty days 482.50. posted bills 4,8304.53% and 4.564%. Clearings 908,197,252. balances 9,729,629. Chicago sees New York exchange at 3c discount. forel exchange unchanged. Clearings 25,289,612. balances 10,820,816. Boston clearings 19,376,446. balances 1,742,087. Philadelphia money 6 4, clearings 20,248,222. balances 2,695,791. St Louis money 5 6 percent. New York exchange 1c discount. clearings 5,881,939. balances 45,603. Baltimore money 6 percent. clearings 3,708,247. balances 535,057. Cincinnati money 5 6 percent. New York exchange 40c discount. clearings 2,654,650.
London quotes show discount rates and consols while Paris and Berlin list exchange rates and rentes. New York notes weekly specie exports and imports, plus dry goods value, and Washington reports treasury balances with available cash and gold reserve details.
The report notes transfers from San Francisco totaling 2 000 000 not reaching banks until Thursday and 350 000 on Friday. These amounts affect the week's statement and may end the six week loan contraction. Expected gold shipments and Treasury plans could offset money absorption and restore normal conditions.
Private wire reports from New York describe an irregular but firmer start after J P Morgan & Co air their plan to anticipate October interest payments totaling 15 million dollars. Early selling pressure faded as the bank statement later surprised to the upside, with a stronger close and expectations that bankers will help stabilize prices if money costs stay high.
A Washington traveler recounts a New York theater box coupon scam where a hustler diverted his payment and a fat man unknowingly held his coupon. The tale paints a vivid picture of crowded streets and sharp practice by speculators and ushers.
The weekly bank statement reports that clearing house banks hold 3,236,625 dollars above required reserves, with reserves up 1,790,700 and surplus 4,878,675. Specie climbs 1,973,600 while deposits fall, loans contract sharply by 13,353,600, and the circulation increases 316,600.
A Philadelphia physician notes hairpins can aid surgery in emergencies. Hairpins sterilize easily, bend into shapes, and can pin, scrape, close wounds, wire bones, or serve as probes. Doctors may carry a few for use if needed, though not all employ them this way.
A Philadelphia Record excerpt describes a pigeon breeder watching a flock overhead and recounts a humorous moment where a mother pigeon sounds a warning and scolds a squab with a wingbeat. The fragment ends with the breeder addressing Mary and an unfinished thought.
A New York Sun summary cites a teacher who, while a smoker himself, states that any boy under twenty who smokes regularly cannot hope to match non-smokers in scholarship. He notes numerous cases of bright students regressing after tobacco use, and observes smoking’s link to laziness, citing West Point and Annapolis as examples of strict anti tobacco measures and their limited success.
A fragmentary tale from The World's Work describes union action at a factory and a confrontation with the owner. It recalls themes of responsibility, attendance at meetings, and the role of labor in governance, but the text is garbled and unfinished.
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