11 Jan 1913
Page 1
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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Jan 11, 1913
Page
1
A witness testifies that bad hands could not retain control of credit and that concentration has gone far enough. He warns that ambitious unscrupulous men may gain sway and cites J Pierpont Morgan as the most dominant figure in finance if the younger generation takes power.
House committee questions Samuel Untermyer definitions of the money trust as a network of interlocking directors and stock ties. George F Baker, banker at First National of New York and J P Morgan & Co, asserts concentration exists but not a single dominant trust and warns danger hinges on who leads the control group.
The directors of the First National Bank may submit by next Tuesday the large transactions in which the bank J P Morgan & Co and other leading institutions acted together. The committee adjourned until next Tuesday. The witness and his party left for the train to New York.
The Pujo Committee orders a physician to meet William Rockefeller returning from Bermuda in Miami Florida to determine if he is physically able to testify. Pujo declines to reveal plans or the physician’s name, saying public disclosure could defeat their purpose.
Whitelaw Reid's will leaves almost all his estate to widow Elizabeth Mills Reid, with Ogden Mills Reid and Jean Templeton Reid named as beneficiaries of specific parcels. The widow becomes sole executrix and may run the Tribune, with Ogden’s future control contingent on displaying capacity and aptitude. The will, drafted by Reid himself, also bequeaths cash gifts to nieces, the Tribune Fresh Air Fund, a nephew, and several employees, and orders equal sharing between Ogden and Jean. The document was filed in White Plains, New York.
Roumania mobilizes if Bulgaria does not accept frontier rectification within 43 hours as Austria and Russia weigh demobilization plans. Ambassadors in Constantinople draft a colorless note to the Porte, while Turkey faces Allied pressure over Adrianople and the fate of the Greek islands amid talks in Paris and London.
Pennsylvania passenger train No 1 bound for Chicago crashed into the rear of a derailed freight train near Van Wert Ohio. The rear freight cars were demolished and the passenger train baggage and mail cars plus the engine were derailed. No crew member or passenger was seriously injured. Fort Wayne Ind January 10.
Reports from Saloniki dated January 10 state Greek forces around Janina suffered at least 7,000 killed and wounded. The Greek Sixth Division departed for the Turkish fortress under orders as operations continue in the region.
Louis Monchamp a former Tilton Seminary student from Manchester entered the Citizens National Bankers in Tilton New Hampshire and displayed a pistol in each hand. He demanded money but collapsed when officers arrived and was arrested. Assistant cashier Charles Smith triggered a bank alarm by foot switch as two police officers quickly reached the scene. The attempted robbery netted several thousand dollars but ended with Monchamp’s arrest, the police belief that he reacted in a nervous collapse.
Heat of protests surrounds New York hotel strikes as Joseph Ettor urges workers to shut all city hotels and reject mediation. In separate incidents, elevated-track rioters hurl bricks at diners, cracking windows and driving crowds away before police intervene.
The three daughters of King Leopold refuse a 7.5 million settlement offered by the justice minister. They insist on the entire Congo estate, valued near 10 million dollars, and withdraw the pending suit only to let the case proceed to judgment next week in the appeal court.
London reports the Prince and Princess de Sagan will sail to the United States to attend the wedding of Miss Helen Gould to Finley J. Shepard, with the ceremony likely before January 5. The couple will arrive with the Duke de Sagan acting as page. The exact date remains uncertain, with Sunday suggested.
President Wilson will urge Congress at a special session next March to pass tariff legislation and immediate independence for the Philippines. He told Democratic leaders he favors self government for the islands and will work toward separation from the United States, with support seen in the House.
Special Cable reports Admiral Beatty resigns as naval secretary to Winston Churchill. Rear Admiral Dudley Ride is named successor. Beatty’s infant son, who was ill recently, is recovering. Beatty is expected to obtain an important command soon.
Newport News Va Jan 10 A British steamer rammed and sank the Julia Luckenbach in Chesapeake Bay causing fourteen deaths and the ship is sinking. Wreckage of three schooners off North Carolina and the Dorothea Russian bark sunk 400 miles off New Jersey coast while revenue cutters push overtime to clear hazards to navigation.
At Aubots Newfoundland Jan 10 the Evelyn crew of eight plus captain and rescuers were hauled to safety by local fisher folk. The schooner wrecked on offshore ledges after boats were carried away by shifting winds. A 30 foot rope was dropped from shore and the group was pulled to safety one by one.
Passengers and crew survived a fierce cargo fire on the Allan Line steamship Carthaginian after Liverpool departure on December 28. Captain McKillop said flames spread quickly, water had to be pumped aboard, and the vessel reached St John’s with knee deep water in lower decks. Much cargo damaged, but ship survived the peril.
Banker Baker denies involvement in a money trust scheme amid a busy page 1 report touching on banking news and related financial matters.
Maurice Chevillard piloted a biplane at Buc Aerodrome lifting four passengers to an altitude of 482 feet, establishing a new aviation record in Paris on January 10.
National Geographic Society hosts Capt Roald Amundsen and Admiral Peary at a luncheon in Washington to honor polar exploration. Amundsen recounts the 1911 South Pole ascent and the feat of planting the Norwegian flag, while press club members hear his remarks and attendance.
A Buffalo dispatch reports Elbert Hubbard of East Aurora has been indicted by a federal grand jury on six counts for sending obscene matter through the mail in his magazine The Philistine. United States Attorney John Lord O Brien cites numerous complaints from the Postal Service about the publication. Hubbard is expected to be arraigned tomorrow.
Christiania reports fear that Otto Sverdrup and sixteen companions perished after leaving Christiania in March 1912 aboard a motorship for a Greenland walrus hunt. A relief expedition funded by the Norwegian government for German explorers under Lieut Schroder Straus is described, with several notes on Sverdrup’s career and honors from King Oscar and Emperor William.
Timothy D Sullivan known as Big Tim, longtime congressman and Bowery figure, is committed to Dr G F M Bond's Yonkers sanitarium by order of Justice Amend on petition of his stepbrother and stepsister due to a worsening illness. The move shocks supporters in the Thirteenth district and Democratic ranks in New York.
Elmer E Addier a West Point cadet who eloped with Florence E Davis today sent his resignation to Superintendent Col Clarence P Townsley. The couple are on a wedding trip in the South and Addier plans to enter business in New York or Boston. Townsley noted resignation will avoid potential trouble and called it the first such case in academy history.
Albany January 10 Newspapers backing the National Progressive party in counties where it outpolled Republicans are urged by the secretary of state to publish election notices. Attorney General Carmody argues the publication purpose is publicity not patronage, aiming for widest voter reach through newspapers.
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