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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Jun 29, 1908
Page
5
The speaker argues that the opening of steel mills and car shops will create greater demand for material and labor than in years past. He believes railways will benefit from a favorable rate law and help revive industry and employment.
The article argues business outlook remains strong as railroads expect no further wage or freight reductions. It cites a five month showing by the Lehigh Valley surpassing prior five year periods and predicts rapid recovery, praising the railway rate act for stabilizing the industry amid nervous times.
Lady Paget wife of Lieut Sir A Ho Paget will entertain King George on July 5 at Coombe Warren Kingston Hill. About one hundred guests invited to meet their majesties with marquee tents to accommodate. Dine with Sir Arthur and Lady Paget followed by a theatrical performance featuring 3M Coquelin Mme Rejane and Miss Marie Tempest with dancers.
Treasury figures show a dramatic drop in receipts for the year ending June 30 1998 with an estimated deficit of about 40 million dollars. Expenditures exceed receipts by large margins, canal disbursements increase, and postal shortages rank as historic. Internal revenue gains fall and miscellaneous receipts slip while disbursements rise. The record hints at the largest peacetime deficit since the Civil War and notes persistent fiscal strain across government departments.
A cryptic note outlines a first of its kind railroad freight rate issue involving New York Central and Erie Railway interests. The text hints at a unified system of employer relations to advance freight rates and public prosperity, referencing legislative action and early prosperity prospects.
June 2 report states Captain Robert A Parthtt will command the steamship Roosevelt on its Arctic trip. Feary guided to the Arctic, plans include coal and stores loaded, prep for sailing on July 1. Commander Leary elected surgeon Dr Goorlielt accompanies fleet. Petry to join with ship then port duties.
Col Tucker underwent a serious surgical operation yesterday and was relieved of about eighty pounds. Surgeons report the procedure aims to equalize portal circulation and stabilize his condition. He is a son in law of the late Gen John A. Logan.
The Rt Rev Edward Rondthaler bishop of the Southern Moravian Church and pastor of Homer Moravian Church for 31 years announced retirement on November 1. He will be succeeded by Rev Jot Pobi and remain president of the provincial Moravian board in the South. In Berlin, Lieu Comdr Reginald Belknap naval attaché and Allison Von Armour attended a dinner hosted by Emperor William aboard the Hohenzollern.
New York June 28 report on financial conditions notes stock prices held firm despite weak political news with traders citing abundant wealth reserves and strong industrial reports. Rock Island and St Louis and San Francisco railroads face pressure though receivership is not anticipated. reorganization of Rock Island likely supported by private capital and improved future business prospects.
The progress of the army wireless telegraph station near Nome is stalled after a commercial vessel carrying the equipment sank on an iceberg. The ship’s loss floods the hold and damages the electrical gear, halting Nome province communications until replacement parts arrive and crews restore the link.
Dr Jacob Ho Hallinger, Johns Hopkins professor and advisor, reports Secretary Wilson seeks a capable agricultural economist to teach modern methods and aid economic rejuvenation in the Dominican Republic. The search spans the United States for a man to develop the country’s agricultural resources.
Moroccan conflict reports Mulai Hafid forces defeat followers of the usurping sultan after a clash near Mtouguiga. Hundreds involved, 100 wounded and 159 injured in the incident. Advices say Mulai Hafid plans to depart for Rabat at month end.
Mexico City June 2 report from the Superior Board of Health states six yellow fever cases at Laguna Del Carmen in Campeche since the outbreak began three weeks ago. The fever is said to have been imported from South America aboard the Russian brigantine Jeeman by the ship's captain and first officer among the victims.
London reports a dull half year in the flock exchange with May activity fading into June. Prices slipped as financing tightened and speculation waned. Despite some end of week demand, loan rates hovered at about 3 percent as traders await an American harvest near. Declines in copper and industrials persisted while fears of political shifts faded, and a cautious recovery appeared possible later in July.
The Commissioners announce proposed street and curb improvements in Washington District to be funded by assessments on abutting property. A public hearing is set at the District Building on Wednesday the twentieth of June 1908 at 11 o'clock am to hear objections and outline the work including granite curb along Twenty-First Street and other arterial repairs across several squares and streets in the area.
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