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Newspaper
Washington Evening Journal
Location
Washington, Iowa, United States of America
Date
Oct 25, 1907
Page
2
In New York the seal on Westinghouse interests led to four companies being placed in receivership as a money squeeze rattled finance. J Pierpont Morgan and James Naismith sought Cortelyou in a midnight call while Pittsburg authorities moved to protect markets and maintain confidence despite the upheaval.
Local banks report improved condition after Diamond National bank sends 100000 in gold to New York institutions. Embarrassment from Westinghouse suspensions shocks markets but is met with swift public reassurance and stock exchange actions receive broad approval.
A mood shift in New York financing follows ten influential figures led by J. P. Morgan and James Stillman pledging to restore trust. Cortelyou arrives at the sub treasury, deposits are made, and public fear eases as banks fortify against runs. Knickerbocker Trust does not reopen.
Lawyers from Minnesota arrive in Washington to pursue habeas corpus aimed at appealing a contempt order against Minnesota Attorney General Young. They contend the Minnesota federal court lacked jurisdiction due to no divorce citizenship and no federal question, arguing the suit against the attorney general is effectively against the state and barred by the eleventh amendment.
President Roosevelt arrives at the White House after a southern journey ending in Lynchburg. He spends time reading and chatting with friends and greets a cordial crowd at the station. Notables present include General Oliver acting secretary of war Captain Fitzhugh Lee and Captain Key among others.
Washington residents are urged to try Vinol a cod liver tonic that blends medicinal cod liver elements with iron and omits oil. The Cook and Sherman druggists promote it as a delicious stomach friendly strength creator guaranteed to aid run-down, nervous, aged, or sick individuals and to repay if no benefit is found.
President reaches the White House after greetings and a cheer from onlookers near the carriage at the retroend of the train shed. Secret Service agent Wilkie and Marshal Palmer of DC accompany the party as they enter the vehicle and depart.
Pontiac Michigan October 22 7 Moreau owner of the Orchard Lake hotel was fined 204 dollars plus costs and sentenced to thirty days in jail after pleading guilty to selling liquor without a license. A constable purchased a bottle of whisky in the hotel bar proving the charge. Local experts questioned the liquor’s true nature but the evidence stood. Moreau had expected only a fine but faced jail time.
Chicago conference of the National Civic Federation heard speakers urge measured policies on trusts as August Belmont warned against sweeping anti corporate laws. Belmont urged fundamental principles for regulating commerce and warned wealth in any hands need not threaten public welfare. A strong quake hit Gatanzaro Italy yesterday but caused no damage.
St Louis reports a dramatic balloon race from a weeklong contest. The German balloon Pommern lands near Asbury Park after a close finish, beating Lysle d France and Drusseldorf. France sets a 44 hour duration record while several entrants surpass 100 miles.
Lincoln Beachey of Toledo wins the dirigible race at the St Louis aeronautic carnival with his Beachey airship posting the best time of 4 minutes 40 seconds on the one and a half mile course. Jack Dallas places second in the Strebel airship with 6 minutes 10 seconds. Captain Thomas Baldwin third in 7 minutes 5 seconds in the Californian Arrow. The Comet failed to finish its first trial when its motor broke. The event featured three trials per contestant and dramatic mid air passes. A separate report from Evansville notes a fatal shooting in Howell.
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