Currency Bill Becomes Law Reshapes Banking System
A sweeping currency measure aims to reform banking with a regional reserve bank system. It creates an organization to manage reserves, allows member banks to transfer funds via new reservoirs, and sets gold backing and capital requirements. The plan includes regional banks, stock ownership by member banks, and strict reserve rules to stabilize finance and provide rapid liquidity in crises.
MENTIONED IN THIS ARTICLE
New York
Chicago
St. Leute
China
Wreny
Feders
Reserve Board
Bene
Federal Reserve Board
Regions Reserve Bank
Iblic Gan
Regional Reserve Bank
Ust
Dividanda
United States Treasury
United States
Banka
Ite
Banke
Federal
Federal Reserve
United Staton Treasury
Treasury
St Louis
Disputed Points Adjusted in Conference on Federal Reserve Provisions
The conference adjusted numerous points between the Senate bill and House provisions on the Federal Reserve system. Changes include retained roles for the Comptroller of Currency and Secretary of Agriculture, exclusion of Alaska, reserve requirements, director and officer restrictions, member bank nominations, and retirement and gold reserve rules, with salary changes for the Federal Reserve Board and new terms for board service.
MENTIONED IN THIS ARTICLE
Secretary of Agriculture
Federal
Reserva
Alaska
Federal Reserve District
Federal Reserve Bank
Mae Ananee
Federal Reserve
Federal Reserve Board
Bank Benate
Senate
Federal Board
Mi Bers
Reserve Board
Ft Banks
Shell
Congress
Our Own Language for Union Pacific Workers
An Omaha World-Herald excerpt reflects on a Union Pacific plan encouraging all levels of staff to say we and our when speaking of the railroad. It argues that using inclusive language aligns employee interest with company success, citing Morgan and Wanamaker on making workers feel responsible for outcomes.
MENTIONED IN THIS ARTICLE
Union Pacific
Corporation
J. Pierpont Morgan
John Wanamaker
Omaha World-Herald
Golden wedding tale amid odd garbled lines
A ragged clipping shows Mr and Mrs Jobe Pitt of Treg, Marfolk, Mugland celebrating their golden wedding. The text skitters through wages, furniture, and fashion items with stray fragments about food value and payments, creating a disjointed, unclear notice of a long marriage anniversary.
MENTIONED IN THIS ARTICLE
Jobe Pitt
Mugland
Hunter's Lite Bunter Mistakes Car For Deer Mystery
A puzzled report describes a Vagerian hunter mistaking a trailing car for a deer. The negligent correspondent failed to determine why ammunition was purchased at a corner drug store rather than a proper hunting place.
MENTIONED IN THIS ARTICLE
Vagerian
Hunter's Lite
Maryland
Bunter
Loularilie Courter
One Fault He Noticed in Birmingham Age Herald
Fragmentary OCR notes mention Carmens whe compass and a quarter seam cited as agreeable. The readable text references Birmingham Age Herald with unclear surrounding context and potential misprints.
Footwear Aimed at Railroad Men With Removable Sole
A French inventor designs a shoe for railroad workers with a removable inner sole and heel attached by steel rivets. If a foot is caught in a switch as a train approaches, the worker can quickly free it by jerking the foot forward, leaving the outer sole and heel behind.
MENTIONED IN THIS ARTICLE
Mechanica
May railroads earn nearly six dollars from every tax dollar
Railroads in May earned 8.23 million dollars daily from public services, spent 5.92 million on operation, paid 341,500 in daily taxes, and had 1.97 million in daily operating income across 220,897 miles. Taxes consumed more than one dollar of every six earned. Over 95 percent of mileage and earnings are included.
MENTIONED IN THIS ARTICLE
United States
Kidnapped by Locomotive Exploits a Farmer Near Momence
A farmer named Phelps, living about one mile northwest of Momence, was suddenly seized from a wagon in the rain and carried onto a locomotive pilot. He clung on as the train sped, suffering minor bruises but escaping without his horse or buggy. The event is linked to a staged stunt once popular in films, described as the wild ride of Jim Phalpa.
MENTIONED IN THIS ARTICLE
Jim Phalpa
Phelps Ie
Momence
Bourney
Bugsy
Drawbar Moving Aid For Locomotives
A Popular Mechanics sketch shows a simple drawbar rock made from iron pipe and small wheels. One hole drops over the horn of the truck, leaving the rest supported by a U-shaped rear frame, balancing the bar for easy wheeling by a single man.
Thought Only Of His Train
William A. Carr a sixty year old Pennsylvania Railroad engineer saved the Philadelphia New York express when boiler flues blew out filling the cab with steam and scalding him. With the train nearing Metuchen he shut the throttle and pulled the air brake to stop the wheels, while firemen lifted his injured form.
MENTIONED IN THIS ARTICLE
William A. Carr
Pennsylvania Railroad
New York
Millstone Junction
Metuchen
Carr
Wireless time signals adopted by Nord of France railways
The Compagnie du Nord of France will adopt wireless time signals to regulate station clocks along its lines. Morning signals are received from the national bureau at the Eiffel Tower at about 17 stations. Receivers are compact and portable, connected to a tall erected wire system between poles.
MENTIONED IN THIS ARTICLE
Compagnie du Nord
France
National Bureau
Eiffel Tower
Palatial Railroad Car Built for Pennsylvania Leader
A grand private rail car for President Hea of the Pennsylvania Railroad has been built at Altoona. It features a dining room nine feet square seating eight, two staterooms, two drawing rooms with beds and showers, a parlor with a fireplace, and a corridor system. The car measures 62 feet 3 3/4 inches long 10 feet 3 inches wide and 14 feet 3 inches high weighing about 15 tons high quality steel and mahogany finish with cellinite insulation.
MENTIONED IN THIS ARTICLE
Altoona
Hea
Pennsylvania Railway
Reade Elgnedt
Postal Tube Railroad Proposed as Electric Gauge System
A historic proposal describes a tube railroad with electrically operated trains run without drivers. Automatic safety controls govern speed and operation while stations command the system. Trains travel about twenty two miles an hour and platforms include lifts and conveyors for rapid parcel handling.
MENTIONED IN THIS ARTICLE
Stallone
Pick Up Mail Gage Automails Reported Malfunction
A malfunctioning mail pickup device failed to collect mail bags at high speed and transport them smoothly to the weight beside the week. The system was unable to ensure contents while attempting to deposit bags gently.
Also Mentioned on This Page
Wach Nots Saaved
Reginal Reserve Bank
Federal Reserve Agent
Actust
Jon Pacific
Furetturs
Focesien Kaw
Bruch
Metalla
Applien al
Gage
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