Meats Merger Promises Major Bond Underwriting Payout
In a high value financial note the party known as He Wills is set to receive the handsome sum of 10,000,000 dollars for underwriting bonds of a new trust in the merger context.
10 Oct 1902
Page 1
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Newspaper
Tucson Citizen
Location
Tucson, Arizona, United States of America
Date
Oct 10, 1902
Page
1
In a high value financial note the party known as He Wills is set to receive the handsome sum of 10,000,000 dollars for underwriting bonds of a new trust in the merger context.
A young office boy rises from a dollar a week to notoriety as a successful swindler. The tale follows his ascent, the methods used, and the resulting pursuit by authorities.
The Inter Ocean reports a complete merger of U S meat packing interests after a Morgan led conference in his office. Morgan will underwrite 100 million dollars in bonds with a ten million dollar fee. Kuhn Loeb initially retained for 108 million, offered five million in bonds.
A New York theater concert ended in comic chaos as a Hagenbeck menagerie roar backdrops. Brutus the star lion and other animals disturbed performers, causing actors to forget lines while trainers tried to quiet the tired animals after a long voyage.
Reports from New York and Washington detail failed efforts to end the anthracite coal strike. Key figures include David Willcox a spokesman for coal operators and President Roosevelt assessing options from troop deployment to potential eminent domain. Clashes in Shenandoah Pa. ahead of any settlement weigh on public mood.
A Penn sophomore Nahoff faces a family oddity as his father, born in 1863, joins the university as a freshman in architecture. The two Nahoffs, Russians, are only about 14 years apart, and the son may be forced to haze his own father to conform with class rules.
The Las Vegas Record notes Rev. George Selby of St. Pauls church in Las Vegas has received a flattering call from Grace church in Tucson Arizona. His wife suffers from poor circulation and he may accept. The piece praises his education thinking and Christian service and notes Tucson and Grace church would gain.
New York financial notes show Mexican dollars at 4014 cents per dollar, silver trading around 50.4 to 50.4 cents, and copper quoted between 11.50 and 11.65 cents per pound.
The temperature in Tucson today is 74 degrees with southwest wind. Skies are cloudy in the southwest region as reported by Observer E L Wetmore.
Chicago labor meeting hears James Linehan urge union activism and militia drills as a path to power amid the miners strike. In Pittsburgh a 17 year old, Michael Cawley, kills his mother and sister with an axe during mental distress linked to an air brake project, injuring others before police capture him.
In Omaha on October 10 Mrs Henry Heubens, wife of Storz Brewing Company vice president, and her two young sons were found dead at home. The gas jets were on, windows closed, keyholes plugged, indicating a planned triple death amid the mother’s illness distress.
A dispatch from Hon Marcus A Smith notes Mark A Smith will arrive in Tucson Sunday and be ready for any appointment the committee may make. The message hints at a large Democratic meeting at the opera house to be addressed by Delegate Smith and his successor J F Wilson in the near future.
In Marion Ohio Mt Olive church members report an apparition resembling the devil seen at irregular times, appearing from the church window. Daylight sighting is greenish while at night it glows lurid red, fueling splits between two church factions over the mystery.
Ronald J Brennan aged 22, described as a budding Napoleon of finance, is jailed in Brooklyn after police accuse him of swindling banks and title companies out of tens of thousands. He rose from a real estate office boy to head of the Brooklyn Bond and Mortgage Title Co with offices in Manhattan and a $100,000 capital. He allegedly used dummy witnesses to secure loans on uncumbered real estate and collected large sums from 3,000 to 6,000 dollar loans to multiple banks. Brennan's counsel changed from Isaac W Jacobson to former District Attorney Ridgway who waived habeas corpus.
Heavy rain aided police in keeping order as the street car strike continued in New Orleans. The national guard reported for duty while mail cars ran without interference, but no passenger street cars were operating.
A riot erupted at the Ritchie & Co. plant during the girl boxmakers strike. Police used patrol wagons to move many participants beyond picket lines. Two protestors were trampled and severely beaten as leaders were arrested.
The Grand Army of the Republic elected Frank Martin of Indianapolis as commander in chief and Frank B. Wilson as senior vice commander. San Francisco won the 1903 encampment by a large vote over Atlantic City. General Shafter spoke nominating San Francisco. The Union Veteran's Union recommends suspending General R G Dryenforth for arbitrary power and character remarks. Mrs L J Taylor of Minnesota was named national president of the Woman's Relief Corps with Mrs Geraldine Frisby of California as senior vice president.
Columbus Ohio October 10 Governor Nash granted pardons to Mrs N L Taylor and her daughter who were among the accused in the Clara Taylor Cincinnati kidnapping case. The move follows new considerations in the lengthy legal proceedings.
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