New Plan Proposed to Dissolve Union Pacific Southern Pacific Stock
Attorneys for Union Pacific unveiled a plan to swap 38 million dollars of Southern Pacific shares for 21 million dollars of Baltimore and Ohio stock with the Pennsylvania Railroad, as the dissolution hearing adjourned without a ruling. The proposal is one of many. the court may order disposition if terms hurt stockholders.
MENTIONED IN THIS ARTICLE
Associated Press
ST. Paul
Southern Pacific
N. H. Loomis
Union Pacific
Supreme Court
McReynolds
Central Pacific
Pennsylvania Officials Confirm Stock Exchange Deal
Philadelphia June 12 Pennsylvania Railroad officials confirmed an arrangement to swap their holdings of Baltimore and Ohio stock valued at 38 million dollars for Southern Pacific stock held by Union Pacific. The move aims to prevent a large block from hitting the market and does not reflect control interests. The B and O stake totals about 60 million dollars for the Pennsylvania system.
MENTIONED IN THIS ARTICLE
Associated Press
Philadelphia
Pennsylvania Railroad
Baltimore and Ohio Railroad
Southern Pacific
Union Pacific
Exchange
Baltimore and Ohio
Rea
The
Pennsylvania
Baltimore and Ohio Company
Pennsylvania Railroad Company
Pennsy Disclaims Transcontinental Road Plan
New York June 12. Wall Street reports a plan to trade Union Pacific holdings in Southern Pacific for Pennsylvania's holdings in Baltimore and Ohio. Pennsylvania representatives deny any aim to create a transcontinental road, noting physical distance and lack of a western to eastern link.
MENTIONED IN THIS ARTICLE
Associated Press
New York
Wall Street
Union Pacific
Southern Pacific
Baltimore
Ohio
Pennsylvania
Alabama Railroad Commission Wins Union Station Order
The Alabama Railroad Commission gains a sweeping victory as the state supreme court unanimously upholds an order from 1907 directing the Northern Alabama Railroad Company to join with the St Louis and Frisco Railroad to build a Union station at Jasper. The court overruled a Montgomery city court decree blocking enforcement, citing the site as properly located.
MENTIONED IN THIS ARTICLE
Montgomery
Ala
Alabama Railroad Commission
Supreme Court
Northern Alabama Railroad Company
St. Louis and Frisco Railroad
Jasper
Gaston Gunter
Monton City
Lodge May Explain Alternative Had Secured Proof From Printing Office
Truman G. Palmer testified before the senate lobby investigating committee that charts opposing free sugar circulated 320000 copies under Lodge franking. He said Lodge obtained senate approval to print and Palmer revised the government proof. Reed and Overman questioned private interests shaping senate printing.
MENTIONED IN THIS ARTICLE
Associated Press
Washington
Truman G. Palmer
United States
Senate Lobby
Senate
Senator Lodge
Lodge
Overman
Reed
Palmer
Government Printing Office
Wilson Wins Wool and Sugar Contention
Washington June 12 The senate finance committee approved free raw wool immediately and free sugar in three years after endorsing by the president and house. Amendments were voted down and the time of effect remained open. A 15 percent ad valorem duty on raw wool was considered but not publicly decided. The Sugar section gained favorable report and a five year sugar provision was defeated. The Glass schedule raised unpolished glass duties to one cent per pound.
MENTIONED IN THIS ARTICLE
Washington
Wilson
House
Senate Finance Committee
Williams
Simmons
Senators 10 View Battlefields Of West Virginia Mines
Five U S senators traveled to Paint Creek and Cabin Creek to inspect the coke strike battlefields. The trip included major mines as the senate mine investigating committee adjusted plans after Governor Glasscock failed to reach Charleston. John Goldsborough testified about postal interference at the Boomer mine post office.
MENTIONED IN THIS ARTICLE
Associated Press
Charleston
W. Va
United States
West Virginia
Paint Creek
Cabin Creek
Glasscock
Senate
Hills
John Goldsborough
High O
Boomer
Drago Loses Suit Against State Auditor
Former Mobile county sheriff Drago lost his suit for forty three hundred dollars against the state auditor as Judge Pearson sustained the auditor's demurrer in Montgomery.
MENTIONED IN THIS ARTICLE
Montgomery
Ala
Drago
Mobile County
Pearson
Attorney Gerald Krumple Arrested Under Curbing Ordinance
Gerald Krumple an attorney residing at Marine and Florida streets was placed under arrest Thursday afternoon for violating the amended curbing ordinance. He will face a hearing in the recorder s court Friday morning.
MENTIONED IN THIS ARTICLE
Gerald Krumple
Marine
Florida
Recorder
Lightning Brings First Walk To Boy After Storm
Thos William Brown Jr. of Jamaica Long Island walked for the first time this week, credited to a lightning strike near his home last Saturday. The four year old had never used his legs until the bolt struck while he sat by his father's grocery store, inspiring his mother who watched him run around in joy.
MENTIONED IN THIS ARTICLE
Associated Press
New York
Thos William Brown, Jr
Jamaica
Long Island
London press seeks sensational oil connection scandal
London reports a potential parliamentary sensation as rumors swirl about British cabinet ministers speculating in oil company shares tied to navy contracts. The Times warned of rumors, while The Globe cites books of bankrupt broker Charles E. Fenner showing Lord Murray of Elibank invested Liberal funds in Mexican oil shares with government contracts.
MENTIONED IN THIS ARTICLE
Associated Press
London
England
the Times
Globe Today
Charles E. Fenner
Lord Murray
Eilbank
Liberal Party
McAdoo Says $590 Million Emergency Currency Ready If Needed
Secretary McAdoo stated that $590,000,000 of emergency currency would be forthcoming if banks need it, a response to inquiries from bankers and not related to the Wall Street situation. The White House caller clarified the announcement timing and purpose.
MENTIONED IN THIS ARTICLE
Associated Press
Washington
McAdoo
White House
Barkers
Wallstret
Secretary McAdoo emergency currency offer shocks New York
June 12 New York bankers reacted cautiously as Secretary McAdoo proposed emergency currency a move seen as reassuring to legitimate interests. The financial district anticipated relief easing stringency with banks reporting stronger demand and hopes relief could speed movement of crops and general business.
MENTIONED IN THIS ARTICLE
Associated Press
New York
McAdoo
Financial District
Stock Exchange
Treasury Department
John Ennis Overtakes Weston in New York to Minneapolis Walk
Corning New York June 12 Edward Payson Weston completed in Corning a day early on his New York to Minneapolis walk. He was passed by John Ennis who started from New York twenty four hours after Weston and is also bound for Minneapolis.
MENTIONED IN THIS ARTICLE
Associated Press
Corning
N. Y
Edward Payson
Weston
New York
Minneapolis
Here
Elmyra
John Ennis
Wood Calls for Movements of Gen Pershing
General Wood cables Major General Bell ordering an immediate report on Brigadier General Pershing s operations against the Moros in the Jolo archipelago. The War Department knows few details due to great distance from Zamboanga to Manila and uncertain communications. The staff fears the sultan of Jolo is leading the Moros, counter to prior American assumptions.
MENTIONED IN THIS ARTICLE
Associated Press
Washington
Wood
Bell
Pershing
Jolo
War Department
Zamboanga
Manila
Letters as Evidence in Texas Oil Ouster Suit
Corres pondence among Magnolia Petroleum figures and Magnolia stockholders in Ruth Magnolia and Corsicana cases presented in Corsicana Texas. State seeks 99 million dollar penalty for alleged anti trust acts with Standard Oil entities and sixteen individuals. Brown Folger and Pierce figures appeared, with letters showing Texas legislative interactions and procurement talks.
MENTIONED IN THIS ARTICLE
Associated Press
Corsicana
Tex
Magfolia Petroleum Company
Texas
C. N. Payne
Titusville
H. C. Folger
New York
Magnolia Company
Magnolia and
Corsicana Petroleum
Standard Oil Companies
New Jersey
B. H. Stevens
E. R. Brown
Brown
Folger
Stevens
H. Clay Pierce
St. Louis
Bettner Hearing Set For Saturday Morning
Richard Bettner an auctioneer held in the county jail since Monday night on embezzlement and federal Mann white slave act violation charges was re committed in default of 590 bond after arraignment before United States Commissioner Richard Jones Jr. The hearing is set for Saturday at 11 o clock Bettner has counsel C W Tompkins. He faced preliminary embezzlement charges in inferior criminal court and a nolle prosequi may be sought by Assistant Solicitor T J Touart. The city court grand jury is expected to act.
MENTIONED IN THIS ARTICLE
Richard Bettner
United States
Richard Jones, Jr
Bettner
C. W. Tompkins
Inferior Criminal Court
T. J. Touart
Nolle
City Court
Sugar Interests, Tariff Revision Action In Congress
Not in session the day. Lobby investigating committee heard sugar interests. Democratic finance committee members studied tariff bill revision as Republicans prepared to oppose the measure in the House.
MENTIONED IN THIS ARTICLE
Finance Committee
Competition in steel making under US Steel merger
In New York on June 12 judge Ellie H. Gary testified in the government's dissolution suit against United States Steel. He said substantial competition existed between Carnegie and Federal Steel as they were acquired, noting Carnegie rails in Chicago at 18 dollars per ton and its impact on Illinois Steel, a Federal subsidiary, which sold rails below cost and neared bankruptcy while admitting rails were Carnegie’s chief profitable line.
MENTIONED IN THIS ARTICLE
Associated Press
New York
Carnegie
Federal Steel
Ied States Steel Corporation
Ellie H. Gary So
Gary
Carnegie Company
Chicago
Illinois Steel Company
Federal
Illinois
Jacob M. Dickinson
Woman Striker to Be Tried for Inciting Riot
Elizabeth B. Flynn will be the next I W W leaders tried for inciting riot in connection with the silk workers strike. The prosecutor announced plans to move for trial on Monday June 23. William D Haywood and others will then be tried. Three ribbon mills resumed work with short forces as strikers say the strike is not broken.
MENTIONED IN THIS ARTICLE
Associated Press
Paterson
N. J
Elizabeth B. Flynn
Industrial Workers of the World
William D. Haywood
Ribbon
Boy of Fourteen Goes Up for Life
Herman Coppes aged 14 was sent to Joliet penitentiary for life after confessing to shooting and killing Mrs. Mamie Sleep at her East Plate farm near Elgin along with her two young children, a 2 year old son and a 4 year old daughter.
MENTIONED IN THIS ARTICLE
Associated Press
Aurora
Joliet Penitentiary
Herman Coppes
Mamie Sleep
East Plate
Elgin
State presses case against Oakley and banks in defalcation case
Special to The Item from Montgomery Alabama reports the state’s continued prosecution of James J. Oakley and several banks in the city court over the Theo Lacy defalcation, extending proceedings to the next term of court.
MENTIONED IN THIS ARTICLE
Montgomery
Ala
James J. Oakley
Theo Lacy
Weather Outlook for Alabama and Mississippi
Fair tonight and Friday with slowly rising temperatures. Mobile forecasts show fair conditions tonight and Friday with light to moderate east winds. Temperature near 88 high, 80 low, with mild to warm conditions expected.
MENTIONED IN THIS ARTICLE
Alabama
Mississippi
Cold Wave at Tampa Records Historic June 12 Low
The Associated Press reports Tampa reached 63 degrees marking the coldest June 12 on record, with four prior years seeing 64. In a separate case, Ben Kirk v J D Monday was dismissed for want of prosecution in the city court.
MENTIONED IN THIS ARTICLE
Tampa
Associated Presa
Fila
A .Sult
Ben Kirk
J. D
J. D. Sims
Gaillard Not Guilty in City Court Drunken Driving Case
William M. Gaillard Jr was found not guilty in city court on a reckless and furious driving charge following an appeal to the orders court. The decision comes after legal proceedings tied to the incident in question.
Arbitration To Settle Balkans Dispute
St Petersburg June 12. The Servian and Bulgarian governments agree to Russian arbitration over Balkan war territory. London June 12. Sir Edward Grey urged acceptance of arbitration, warning war would alienate European sympathy and endanger gains from the war with Turkey.
MENTIONED IN THIS ARTICLE
Balkans
Associated Press
ST. Petersburg
London
Sir Edward Grey
House of Commons
Bulgaria
Servia
Europe
Balkan
Turkey
Organized ball to be attacked by J. J. O Connor
John J. O Connor, manager of the St. Louis federal baseball team, has retained attorneys to file suit in federal court to test the legality of organized baseball. He seeks 25000 dollars and will name eight American League clubs as defendants. The petition charges the national agreement violates the Sherman act and the reserve clause, and that leagues have treated players as chattels denying earnings in their chosen business. The suit was expected to be filed Saturday or Monday.
MENTIONED IN THIS ARTICLE
Associated Press
ST. Louis
John J. O O'Connor
O'Connor
No Uneasiness Over Columbia Seizure at Wakayama
Washington reports no official fuss over the seizure of the American yacht Columbia by Japanese authorities at Wakayama. Officials expect the vessel may be released without penalty if repairs forced its sheltering in port. The policy mirrors a standard international rule that foreign ships cannot enter closed ports unless in distress.
MENTIONED IN THIS ARTICLE
Associated Press
Washington
Wakayama
Department
Taft
United States
Dissension in Woodmen Camp in Jacksonville
Delgates of the Woodmen of the World clashed during the Jacksonville session as Florida state representative B W Adams objected to a morning paper interview quoting Sovereign Adviser Fraser of Texas criticizing Florida's stance against Sovereign J C Root. A motion to uphold a date and the Florida delegation's position failed.
MENTIONED IN THIS ARTICLE
Associated Press
Jacksonville
Woodmen of the World
B. W. Adams
Florida
Sovereign
Fraser
Texas
Sovreign
J.C. Root
Adams
Deep inquiry to probe Frisco finances relations with Rock Island
The Interstate Commerce Commission launches a wide ranging probe into the Frisco railway system. It will examine the Frisco’s relations with Rock Island and the Chicago and Eastern Illinois purchase, with hearings and a senate bound report expected after a lengthy investigative process.
MENTIONED IN THIS ARTICLE
Washington
St. Louis
San Francisco
Senate
Interstate Commerce Commission
Frisco
Chicago Rock Island and Pacific
Chicago
Eastern Illinois
Kenyon
House
New York
Division of Carriers
Harlan
Commission
Rock Island
Illinois
American Yacht Columbia Violates Permit Off Nagahama
The Nagahama inquiry follows the arrest of the American yacht Columbia owned by J. Harvey Jade of the New York Yacht Club. The owner says verbal permission was granted to enter Nagahama for repairs, while Tokyo says a permit covered Miyajima and Takamatsu only, not Nagahama.
MENTIONED IN THIS ARTICLE
Associated Press
Tokio
Nagahama
Columbia
J. Harvey Jade
New York Yacht Club
Custom House
Miyajima
Takamatsu
Road scouting party reaches Montgomery in bad weather
State Highway Engineer Keller and party scouting the state by auto reached Montgomery on June 2, postponing plans to visit west Alabama due to bad weather. Keller and Craft will leave Montgomery Friday afternoon for Birmingham.
MENTIONED IN THIS ARTICLE
Montgomery
Ala
Keller
West Alabama
Craft
Birmingham
Leaving Town Subscriptions Keep Home Paper Close
Notice advises subscribers going away for the summer to mail in or call the circulation manager for information on continuing delivery and staying connected with home events.
Also Mentioned on This Page
United States Military Academy At
West Point
Regular Army
Pacific Roads
Union Pacific Law Proposition
Deal
U. P
Union Station
Truman Palmer
Beet Sugar Trust
Paint and Cabin Creek
Uncle Sam
Walker
Gen. Pershing
U. S. Steel Corporation
J. W. W. Leader
Paterson Court
Joliet
Oakley
J. J. O'Connor
St. Louis Federal
Ask
Ameriaty League
Japan
Texas Sovereign
Faisco
Interstate Commission
Department of Justice
Nehama
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