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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Mar 13, 1907
Page
42
Rail magnates press for federal control and alliance with the administration at a Morgan‑sponsored Washington conference. President Roosevelt, a listening observer, may not guarantee relief as public sentiment grows against overcapitalization and rate regulation, while Morgan and Harriman urge cooperation and caution against overreach.
The piece discusses pressure from railroad magnates heading to Washington and efforts to block further Interstate Commerce Commission power. It notes state rate laws across multiple states cutting passenger and freight rates, mandatory mileage books, and commissions gaining power. It questions whether President’s influence and policy have aided or hindered the industry and public.
A. B. Shekney of St Paul, head of the Chicago and Northwestern, warned in an interview that a tremendous panic is being laid as railroads face crippling debt. He argued that unrest stems from state legislatures and urged federal control of rail regulation via a Cabinet officer and a stronger Interstate Commerce Department. He predicted widespread job losses and mounting capital troubles within two years.
President Stickney warned that railroads face bankruptcy unless revenues rise sharply. He argued a one mill per ton per mile rate cut would wipe out dividends and a one and a third mill cut would erase bond and debt interest. Wages, now up 10 percent over six months and 60 percent of operating costs, require a 10 percent rate increase to avoid failure.
Rock Island board chairman B F Yoaking returns from a White House conference with Roosevelt about harmonizing relations between railroads and the public. He cites past trips by executives to meet shippers and towns, aims for old fashioned fellowship, and notes West papers approving efforts to improve patron relations amid public discontent. A Western rail president criticizes Harriman for exacerbating issues and warns few Eastern laws curb rate manipulation while defending West rail co operation with the Interstate Commerce Commission.
Special to The Washington Post from Cincinnati Ohio March 12 Dr Charles N Herdlicka committed to Longview Hospital with acute insanity Alcoholism cited as cause affidavit by father Frank J Herdlicka of Walnut Hill Ohio His career included Vienna legation secretary and Nicaragua consul post He married a daughter of Col Michie at National Military Home Dayton Ohio but she later divorced him He faced drunkenness charges with suspended fine and was later found disrobing in public raved throughout the hearing.
Testimony from Capt. D. W. Kilburn of the Twenty-sixth Infantry before the Senate Military Affairs Committee details Brownsville residents threats to run Negro troops from Fort Brown. He describes hostility, alleged plans for a posse, and easy access to extra cartridges, while Lt. Edwin Thompson corroborates anti Negro sentiment and local hostility.
Lawyer LARENCE M. DAY proposes a federal oversight plan to curb high finance evils. Create a Bureau sanctioned "certified Federal accountants" with certificates revocable for cause. Require bureau approval before soliciting investments and annual independent audits reporting to the bureau. Make stultifying oneself a felony. Filed from New York.
Thomas M. Boucher former fire department member and Spanish war veteran died at Hoy's Hotel at 7 16 this morning from pneumonia. A blacksmith by trade he served in Cuba and later returned to his craft. Survived by wife Margaret M. Boucher nee Hoy and three children. Funeral from Hoy's Hotel tomorrow at 1 o'clock with burial at St Patrick's Church.
Providence R I March 12 The ninth week opening of the Senatorial contest shows no change in standings as a joint assembly votes at noon on the thirty fifth ballot Goddard 41 Col 38 Wetmore 20 Utter 1 It is believed voting will continue to end of the session with no election.
Albany March 12 Panama Construction Company formed by W J Oliver contractors to finance Panama Canal work under Oliver bid certifies to Secretary of State that it has reduced capital stock from 5 006 000 to 15 000.
The Postmaster General plans a new 6 cent stamp to join existing 1 and 2 cent issues for the Jamestown Ter Centenary Exposition. A 5 cent stamp with Pocahontas in blue, 8 million in print. a Capt John Smith head in green on the scent stamp with 10 million. and a red 2 cent stamp showing The Pounding of James Town with 12,060,000 issued. Also, Thomas C. Dawson reports the US Santo Domingo treaty has been laid before the Dominican Congress and is expected to be ratified.
The United States Historical Society held a special meeting last evening at President H. A. Colman's home at 138 Columbia Road to revise by laws and elect new members. The new members include several of the most prominent men in Washington.
President Cramp of the Memphis Cotton Exchange told the Interstate Commerce Commission that Memphis cotton congestion warrants relief. The commission would consider the issue and may investigate, citing over 33,000 bales held by carriers awaiting shipment, signaling a crisis equal to that seen for rail in Northwestern states.
Twenty five candidates seek entry to the consular service and must sit tomorrow for exams under new rules issued by Secretary Hoot. Eighteen vacancies include thirteen promotion posts, salaries from two thousand to five thousand five hundred dollars. The process emphasizes education, world affairs knowledge, and one foreign language.
Public Printer Stillings says dismissals will be few and only for inefficiency not a broad layoff. He will keep efficient workers, moving staff to balance workloads. A new clerical arrangement places the pay masters above the Public Rioters, with about fifty clerks in the southeast wing as work shifts.
Panama Canal observers from Boston Chicago Cincinnati and St Louis report conditions favorable for completing the canal by 1915 despite a shortage of dump cars and delayed steam shovel capacity. They commend housing sanitation and esprit de corps while noting no need for Chinese labor. Charles Gordon Knox dies at sea. a St Louis club leader born 1852.
A Pennsylvania woman describes years of stomach pain and constipation from coffee, then credits Postum Foods Coffee with relief after six weeks. She notes clearer complexion, better weight, and absence of postmeal distress, urging others to quit coffee and try Postum.
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