Post Office Proposes Parcel Post Changes and Savings Plan
Postmaster General Hitchcock released his annual report urging parcel post rate reductions and an increased eleven pound weight limit. He backs consolidating third and fourth class mail to parcel post and endorses civil pensions for postal workers. The report notes a $45 million reduction in operating costs, a shift to a self sustaining postal savings system, and projected growth toward a $50 million deposit level before full self sufficiency. It also supports raising second class postage from 1 cent to 2 cents per pound and moving toward 1 cent letter postage, pending continued expansion of parcel post services and efficiency.
MENTIONED IN THIS ARTICLE
Postal Savings Bank
Hitchcocks
Hitchcock
Dan Sa
Prtrons
Ap- Pressuiet Iy Wu
Ag- Bresite Ibout
Postal Bayliss
Postal Savings Systum
Parcel Post
Cabaeles
Othe Parcols
Parcel Post Vror
Department
Postmaster General urges franking reform and pension plan
The report notes about 61 million pounds of mail moved free under congressional franks and other government bodies, costing the Post Office Department over 20 million dollars if paid at ordinary rates. Hitchcock argues for ending franking and introducing official postage stamps, with authorization for use by those entitled. He also seeks rail compensation readjustment for parcel post and proposes civil pensions for long serving postal workers, claiming efficiency gains would offset costs.
MENTIONED IN THIS ARTICLE
Department
Hitchcock
Postoffice Department
Post Office Department
Parcel Post
Galloway Criticized on Arid Lands Reclamation Report
Secretary Fisher denies Dr B T Galloway's claim that no arid region irrigation succeeds. He asks Secretary Wilson to prepare an official statement on the necessity and growth of irrigation in the United States, defending the $74,000,000 invested and the future prosperity of western settlers. Fisher insists current reclamation progress remains sound and beneficial.
MENTIONED IN THIS ARTICLE
Wilson
West
Fisher
House
B. T. Galloway
Bureau of Plant Industry
Moss
Galloway
Tie
United States
Bass sails for Europe in senatorial deadlock
Concord, NH Feb 2 The vote for United States senator remains in deadlock with no immediate breach in sight. An informal vote is planned tomorrow but no quorum until Tuesday. Early January 7 balloting produced Edward N Pearson 160 votes to Henry F Hollis 153, with former Gov Bass 31. Bass sailed to Europe to seek health while maintaining active candidacy.
MENTIONED IN THIS ARTICLE
Concord
United States
Edward N Pearson
Henry F Hollis
Cansputate
Robert 'S Bass
Bass
Europe
Sullivan denies seeking US Senate seat in Chicago report
Chicago February 2 Roger C Sullivan former Democratic national committeeman from Illinois repudiates gossip naming him as a senatorial candidate. He says any man who mentions his name in that connection is no trend of mine.
MENTIONED IN THIS ARTICLE
Chicago
Roger C Sullivan
Minois
United States
Saad Sullvan
Record Cold Snap Grips Shamokin Area
The Shamokin valley and surrounding areas endured a severe cold snap with thermometers showing 12 degrees below zero in Shamokin and from 16 to 20 degrees below zero at several nearby locations, marking the coldest weather of the winter.
MENTIONED IN THIS ARTICLE
Shamokin Pa
Shamokin Valley
Tariff Review Plans Copying Payne Aldrich Schedules
The Ways and Means Committee, led by Underwood, will revise all fourteen schedules of the Payne Aldrich tariff to raise 325 to 350 million dollars from customs duties while pledging lower living costs. An income tax, corporate tax, and free sugar are key elements, with changes anticipated in cotton, wool, steel, and woolen duties and new offsets via increased imports. The extra session date depends on progress, aiming for mid March.
MENTIONED IN THIS ARTICLE
Ways and Means
House Committee
Underwood
Congress
House
Favors Tariff Reduction by United States Steel Counsel
London reports Frank Kellogg general counsel of United States Steel Company says sentiment favors arbitrating the U S and England over canal rate disputes and that tariff reform will occur after March but not radical. He supports reductions in many schedules though cautions on party unity and business conditions. Also notes Kellogg, with Henry Clay Pierce, on private business mission. Dead at age ninety Hagerstown native David Hunsberger Sr.
MENTIONED IN THIS ARTICLE
London
Frank Billings Kelllogg
United States Steel Company
Congress
United States
England
Wilson
Senate
Democratic Party
Kellogs
Andrew Carnegie
Kellogg
Paper
Standard Oil Trusts
Republican National Committee
Minnesota
Henry Clay Pierce
Hagerstown
David Hunsberger, Sr
Lancaster County
Church of the Brethren
David Fr. Hunsberger
McKinley
James Speyer
Lake Shore Railroad Company
Speyer
Europe
Lake Shore
Pennsylvania Railroad
Ashbel Fitch
City of
New York
Holland says subway financing is international in its scope
New York February reports that the planned New York City subway financing, totaling 170 million dollars, will be underwritten by a global banking syndicate. Britain and Paris bankers and American financiers, led by J. P. Morgan, may participate, linking the project to European capital and potential nationwide debt shifts.
MENTIONED IN THIS ARTICLE
Holland
Subway
New York
United States
Pujo
Washington
Pujo Committee
Real
Europe
Mr Morgan
Rail regulation spurred but dividend growth continues, expert says
Judson C. Clements of the Interstate Commerce Commission told Philadelphia's Traffic Club that federal regulation did not harm carriers. He cited 100000 miles of new railways built under regulation and rising dividend payments, arguing fair earnings benefit the public and the economy.
MENTIONED IN THIS ARTICLE
United States
Cooperation urged to ease freight carrier shipper disputes
The commissioner urged fuller cooperation between carriers and shippers to apply established federal regulation principles. He said conference and intelligent cooperation could fairly settle contentious matters, reducing complaints to the commission and courts.
Coal Firms Consolidate In Greater New York Merger
Ladenburg Thalmann and Spencer Trask announce the consolidation of Burns Bros and Curtis-Blaisdell into Burns Bros with 2 million dollars in 7 percent preferred stock and 5.5 million dollars in common stock. Burns Bros dates to 1881 and Curtis-Blaisdell to 1905. Five year earnings average 491,288 after depreciation, about 3.5 times preferred dividend. Consolidated tangible assets total 2,487,509 as of September 30, 1912.
MENTIONED IN THIS ARTICLE
Ladenburg, Thalmann & Co
Spencer Trask & Co
Burns Bros
Curtis-Blaisdell Company
Greater
New York
Michael F. Burns
Certified Public Accountants
Greater New
Ee Ee
Keck
Chitose
Beetem, Esq
George B. Philadelphia
Robert Rhea
Aenog
Ben Soreniond
Forst
Marshall
Can Shares Rally With Wall Street Fears Eased
A week of trading in American Can stocks drove market activity, with large upward moves and some speculation. Gov. Sulzer’s moderate reform push and Pujo committee adjournment helped ease fears, while U S Steel earnings pleased investors and Balkan war peace hopes supported outlook for securing capital.
MENTIONED IN THIS ARTICLE
Wall Street
United States
New York
Oil well drillers busy in Pennsylvania region
Pittsburgh February 2 five advances of seven cents each in Pennsylvania crude oil last week lifted the price to 2.40 a barrel. The rise sparks feverish activity among drillers across western Pennsylvania eastern Ohio and West Virginia. January reports show 266 more wells drilled east of the Mississippi than in January 1912 and February is expected to surpass that total with a brief early surge noted.
MENTIONED IN THIS ARTICLE
Pittsburgh
Pennsylvania
Pennnsylvania
Ohio
West Virginia
Mississippi River
Steel Mills Run High as Rail Contracts Surge
January activity in the steel trade remained strong with mills operating at 90 to 95 percent capacity. Railroads ordered nearly 900,000 tons of steel products though only about half was placed with mills, while contracts for rails cars and locomotives total 1,200,000 tons more. Additional orders for 2,800 cars and locomotives were placed, with fabricating shops taking on 12,000 tons. Car makers solicited roughly 60,000 tons of steel plates and shapes and 35,000 tons of billets for shipments to Detroit and Chicago district plants starting in the second quarter.
MENTIONED IN THIS ARTICLE
New York
Detroit
Chicago
Highwayman Shot Dead in Chicago Standoff
Chicago authorities report James Higgins a 22 year old highwayman killed in a clash with two city detectives. Companion William Cantwell was clubbed into submission after the suspects robbed a saloon and looted patrons before police intervened. Detective Herman Otten fired and fatally struck Higgins as he reaching for a second revolver.
MENTIONED IN THIS ARTICLE
Chicago
J James Higgins
Wiliam Cantwell
Higgins
Cantwell
Patrona
Herman Otten
Also Mentioned on This Page
U. S
Postal Savings Banks
New Hampshire
Sullivan
Illinois
Steel Trust
Old Man Jones
Clay
Larry
Peclare AewStade
Sranic Arey
Mr. Speyer
Clements
Burns Bros. and
Curtis-Blaisdell
New York City
New One Company
Gov. Sulzer
Puro Committee
The
Stock Exchange
Bulzer
Bankers Trust Company
New York Trust Company
Burns
Mesers. Robarts, Lubbock & Co
Broad Street
Exchange Place
Alec
Chris Cox Dawson
15Th Street
Spencer Trask& Co
Alene Gs
Washington Loan and Trust Co
N. W
John Joy Edson
Ellis Spear
John B. Larner
Andrew Parker
Harry Ma. Meem
Boyd Taylor
Thos. Bradley
Frederick Eichelberger
A. S. Worthington
J. J. Darlington
Charlies B Bailey
William E H. Barker
John R. Carmody
John FI. Clapp
Augustus Crane, Jr. Joseph
J. Darlington
Jonn Oy Edson
Lone “Hamilton
John A. Johnston
George A. King
William King
Martin A. Knapp
William A. Mearns
H. D Mirick
Watson J. Newton
Theodore W. Noyes
Arthur Peter
Samuel I. Phillips
Joseph I. Saks
OH Shea
Louis P. Shoemaker
Thomas W Smith
Ells Spear
George Truesdell
B H. Warner
Harvey W Wiley
Banking and Trust Service
Foreign Service
Washington& Southern Bank
G Street
J. Selwin Tait
Wholesale Row
Center Market
Reese
District of Columbia
Real Entete
Real Estate Trust CO
F Street NW
Mutual Life Insurance Company of
Thomas P. Morgan
Southern
Swartzell, Rheem & Hensey Co
Fifteenth Street
Mergin
Lawrence J. Dietz & Co
Woodward Building
Consolidated Stock Exchange
Co. F. Hutchinson
N. L. Lansbury CO
12Th St. N. W
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