10 May 1901
Page 1
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Newspaper
Washington Evening Journal
Location
Washington, Iowa, United States of America
Date
May 10, 1901
Page
1
A May 10 report outlines the Northern Pacific corner triggering a market crash. Kuhn, Loeb & Co. and J. P. Morgan & Co. expected to settle with shorts at 150, with Burlington deal looming, while excess credit and panic forged a chaotic trading day.
Details of a three-way struggle for control of Northern Pacific reveal Harriman and Morgan interests clashing over management and lending stock to shorts. A frantic stock scramble followed, with Kuhn, Loeb & Co seeking理解 with Morgan & Co to avoid a forced loss.
The article portrays a tense panic in the financial district with white faced women fainting outside broker offices and traders facing ruin after fifteen minutes of stock exchange activity. It notes gamblers turning winning into new bets, a rise in inexperienced speculators, and the cool, steady nerve of brokers and clerks amid aggressive efforts to avert disaster.
The Acorn Brand shirt waists promise style and superior cloth and finish. This is described as the finest line of white waists the store has carried.
Dublin Ind May 10 Raynard's disease described by Dr Milligan Winchester is slowly destroying 3 year old Garnet Jones of Winchester only two cases ever reported to American physicians. The spinal cord is first affected causing arterial contractions and reduced blood supply to the limbs. The diseased parts finally...
Germany and Spain each sent more boots and shops to the Philippine islands last year than the United States, according to a War Department division of insular affairs statement. Town Congregationalists, Marshalltown, Iowa, concluded a two day session of the Central Iowa Congregational association.
Three women in Christiania face charges of killing twenty seven infants at their baby farm. Other items note General Chaffee at a Peking smoker denying Britain and the United States would attack each other, Cleveland earning 400000 on Northern Pacific in Wall Street, a Wallingford woman awarded 700 damages over a frightful joke, Bonnie of Leavenworth knocked unconscious and left in a dry well but surviving, Peking ministers seeking 450000000 aels indemnity, Dowle case speculation by Samuel J. Priddle, and a Milwaukee machinists strike threat.
From a canopyed pavilion the president rode through a packed Broadway reviewing stand in open cart drawn by six white horses. Ladies showered rose petals into his box as confetti, leaving McKinley ankle deep in rose leaves amid floral banners and cheering crowds.
In Los Angeles the president toured the National Soldiers' Home near Santa Monica with a large Civil War veteran audience. A pickpocket robbed two officials including Secretary Wilson. the thief was arrested and found with multiple pocket books and a gold nugget. The party later returned to Los Angeles and departed for De Monte after a Sunday stop plan.
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