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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Mar 09, 1908
Page
8
The market shows firmer overall while gains remain gradual. Business activity rebounds with reduced idle cars and higher iron production, and railroads address labor issues as stocks rally despite mixed news. A cautious but persistent upturn signals renewed investor confidence amid wartime pressures.
The annual New York grand jury report notes a population increase and ties to higher crime figures. It cites a 6 per cent rise in cases handled by magnurate courts compared with the previous year and suggests a broader pattern impacting urban crime trends.
New York March 8 An inquiry by the Federal grand jury may follow allegations by Receiver Charles A Hanna of the Nations Bank of North America in a suit to recover more than 700000 in stock transactions unauthorised by the national banking act. Hanna charges concealment of the bank purchase of 4000 shares of American Ice stock by booking it as a loan to Leslie W Whiting and similar for 2000 more shares. Directors named include Morse Plegle Willand Havemeser Hoburts Wates Schwab and the late Barny with others cited as knowing for the bank.
London investors saw a quiet week with little response to a steady fall in commodity prices and a modest dip in the pound. Bank rate reductions sparked debates while French and German markets remained subdued as American securities active abroad influenced trading in Paris Berlin and Boston. Rumors of a potential German discount-rate shift and weak domestic demand dominated sentiment, leaving the week largely stagnant.
South Carolina Attorney General Lyon attacks Judge Pritchard over appointing receivers for the dispensary fund. dispute centers on jurisdiction and orders to deliver funds to receivers. local attorneys respond, warning of contempt, while the fight shifts toward the Supreme Court and habeas corpus options.
An advertising note touts cellulose as wholesome and says Gold Medal Flour contains none. The message urges milling cellulose from wood and promotes the product as a digestive aid, with sale through grocers.
Telegraphs say Judge Pritchard appointed receivers including B F Arthur of Union to wind up the dispensary fund. Governor Ansel accepted Arthur's resignation. K Henderson of Aiken, named as receiver, awaits formal notice before resigning from the commission and contact with the judge.
Staunton Virginia and Alexandria details reveal attorney at law alleges Chesapeake and Ohio Railroad refuses to stop at Alexandria for train No 1. He claims the policy forces riders to buy extra tickets to reach Staunton and then Covington incurring 140 dollars in added costs. The suit argues a 1 cent rate rule is violated and that the railroad designates stops to push higher fares.
Market observers in South Boston and Petersburg report steady To bacco prices as growers plan larger crops for the year. Receipts near Richmond and Lynchburg show strong demand for sun cured and dark steaming tobaccos while prices hold firm across grades. Officials from New York and Washington have visited the region amid hopeful weather and active buying.
Cumberland Md. Special to The Walllagton Post reports Matt Miss Willie Barlick of Connellsville was struck in the face by a shard from a beer bottle on a Baltimore and Ohio excursion train from Pittsburgh to Cumberland. She recovered $1000 damages from the railroad after testimony showed rowdy drinking and bottle tossing from the car windows.
The Wash net a vast Richmond Virginia endurance run for Savannah faced heavy Virginia mud with the Philadelphia talcimablles floundering between Richmond and Ashland. Cars crawled into Richmond before morning while Fredericksburg to Richmond roads were only marginally better than Centerville where some vehicles needed horse towing. Despite poor conditions the cars advanced at a slow pace.
The Attorney General declined to reply directly to Representative Clark's attack in the House but said the department will continue its fight against peonage. He described peonage as a revival of debt bondage in unenlightened areas and noted ongoing investigations and prosecutions, though convictions are difficult. He stated that even unsuccessful prosecutions educate public opinion and deter victims.
A seventeen year old messenger for Western Union was stabbed in the chest on Taylor Street in Lichmand Virginia by a struck man during a street fight. The assailant and an accomplice fled leaving the youth mortally wounded. He was moved to a hospital for operation as the blade penetrated the lunis. The incident follows a mistaken attack by a dark skinned aggressor who mistook him for an enemy.
You Are the Man Fxperienced agents testify that it is easier to writg Vite Insurance today than ever before provided the insurance offered is of the best quality and backed by the Equitable Life of New York. Its financial strength liberality and prompt payment have given it a worldwide reputation. The company seeks capable men from Frith or without experience to promote recent it. There is to 1 ¢ of business that yields to the man of character and enterprise. George C Jordan Washington Manager 40 Boud Buttaine.
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