07 Feb 1908
Page 1
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Newspaper
Tonopah Daily Bonanza
Location
Tonopah, Nevada, United States of America
Date
Feb 07, 1908
Page
1
State Bank and Trust stockholders met to discuss reorganization plans and review securities. They expect a report Saturday. No action was taken to lift the 811,000 attachment until new management assesses the situation. Rickey says he is down and out and has surrendered his stock, which may be an asset only with time.
J m venny a famed attorney in the Heinze case and Dun can MacKenzie’s backer is in Cayson City. He argues that State Bank and Trust Company directors and stockholders bear full responsibility for depositor losses. Denny warns of receivership and possible criminal actions if stockholders do not arrange immediate safeguards. He criticizes Mr Rickey for a plan with strings aimed at bank takeover and insists strict adherence to banking laws.
In St Augustine Florida on February 6 Republicans held rival conventions to influence the national convention. Taft supporters dominated one gathering endorsing Taft for the Presidency while anti Taft delegates backed Roosevelt policies and opposed Taft aligned patronage influence. Deadlock and uproar marked the double session.
An unidentified youth about 16 years old was ground to death under Ells street car near Hyde and Leavenworth. He alighted from one car and stepped in front of the speeding opposite car.
San Francisco February six. Thomas Enright sentenced to life at San Quentin by Judge Carroll Cook after a speedy trial for robbing Walter Mellman a junk peddler near Sutro forest. Enright previously served a robbery term and was found without any desire to live decently, the judge said.
New York stock trading showed subdued action as evidence of a contracting economy persisted. The market remained largely unresponsive and lethargic, with widespread belief that the market has reached a trough and may soon turn upward. Bonds moved lower on the day.
An enthusiastic reception greeted William J. Bryan at the Majestic theater in Jersey City as he was introduced as the next President of the United States. He urged that Democratic principles grow stronger while Republican strength wanes, drawing applause from a large audience.
The former Portuguese premier Franco and family fled to Spain after threats of death linked to the king's murder. Ministers Carvalhoes and Abreu reportedly vanished or left city. deputies and republicans were released from prison with further releases expected.
Mattewan New York February 6 Dr Lamb superintendent of the State Hospital for the Criminal Insane said if after thirty days he believes Harry K Thaw is sane it will be within the hospital authorities to certify to the court and recommend his release A commission in lunacy would not be necessary Physicians at the institution are not observing Thaw yet as they feel he has not recovered from the trial excitement He is considered a model priar?
New York reports that racing associations across the state plan to conduct the coming season. The Times notes that the great stake feature already closed will be run and prizes paid, regardless of changes in conditions or pending legislature urged by Governor Hughes.
One thousand men formerly employed by the Pennsylvania Steel Company at Steelton Pa have been called back after over a month of idleness. Rush orders from New York for structural material for municipal buildings increased the force to 2600, about 40 percent above normal, not for New York City Railway rails.
A grand jury plans to inquire into alleged transfers of securities in the possession of the State Bank and Trust Company during May. The investigation aims to uncover details surrounding the securities and any improper handling or ownership transfers.
Thomas Rickey the president of the defunct State Bank and Trust Company will not attend the Grand Jury session this morning as it investigates the bank’s affairs. He is said to be pressed by business and will appear later, while the panel awaits him.
Major Miller and Mr Cushman arrived from Carson to testify before the Grand Jury today. No criminal charges against the bank officials. The panel seeks details on banking methods and rumors of preferred creditors through securities transfers among customers and the bank.
Chinese Imperial customs officials seized a Japanese steamer near Macao this afternoon. The vessel was landing arms on Chinese territory, allegedly intended for revolutionaries led by Sun Yat Sen.
Washington Feb 6 The House Naval Affairs Committee has not voted yet but is expected to recommend funding two battleships instead of four as urged by President Roosevelt and Secretary Metcalfe. A heavy deficit and revenue decline next year are cited by Chairman Tawney as warning amid anticipated Democratic resistance.
Former Breathitt County Judge James Hargis, longtime Democratic figure and alleged murder figure, was killed today in his general store by his son Beach Hargis after a drinking dispute. The son fired five shots, four hitting the judge. Beach Hargis was arrested and jailed.
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