Wall Street Sees Broad Decline With Escalating Rates
Stock prices fell sharply with widespread declines in many issues led by declines around 7 to 64 points and 3 to 6 point rallies afterward. Money rates surged from 6 to 15 percent as banks called in loans to cover large installments and heavy demand from interior buyers. Wealthy operators reportedly suffered the heaviest losses amid rumors of failures, while international banking houses saw no imminent collapses despite high money rates and wary markets.
MENTIONED IN THIS ARTICLE
Ahaconda
St. Paul
Delaware and Hudson
Southern Pacific
Boston
New York
Wall Street
Money Market Action After Cabinet Meeting At White House
After a Cabinet gathering at the White House discussed the New York money situation, Secretary Cortelyou issued an order allowing $20,600,000 of government funds deposited in New York banks to remain there subject to call. James Speyer, financier and railroad director, met the President and urged Treasury measures to stabilize liquidity amid fears of large withdrawals.
MENTIONED IN THIS ARTICLE
White House
James Speyer
Wall Street
Loed
Loeb
Cortelyou
Tva
New
Speyer
Rock Island Road
Hock Island
Missouri Pacific
Iself
Morgan-Hill
New York
Treasury
Speier
Uns
Philadelphia
Clothier
McCrea
Pennsylvania
Connelyou
Tait
Garfield
Straus
Metcalf
Bonaparte
Hoot
Presiden
Secretary of the Treasury
Costelyou
New Yorle
The
Shaw
Philippines
Panama
Roosevelt
Root
Knapp
Lane
Interstate Commerce Commission
Harebitt
Chicago and Northwestern Railroad Company
Chicago
Washington
Hood's Sarsaparilla Declared Best Spring Medicine
Advertisement asserts Hood's Sarsaparilla is widely used in thousands of homes as a cleansing tonic that combats fatigue, increases appetite, and builds strength for all family members during spring.
MENTIONED IN THIS ARTICLE
Hood
Treasury surplus cited as reason to avoid withdrawals
A cautious note argues that New York ad deposits should not be withdrawn while the Treasury remains in strong condition. March 1 surplus stood at 40.6 million with receipts exceeding expenditures daily. Some fear administration may deem the panic as manufactured and force financiers to self-fund if relief is withheld.
MENTIONED IN THIS ARTICLE
New York
Treasury
Unig
Congress
Steone
Wall Street
Two-Cent Fare Bill Moves Through Senate Committee
Harrisburg March 13 The senate railroad committee reported favorably the two cent fare bill that passed the house two weeks earlier. Railroads oppose it but it is expected to pass the Senate next week. Gov Stuart, during campaign speeches, pledged support for the fare. The panel struck out the one year imprisonment clause for railroad officials but kept the $1,000 fine.
MENTIONED IN THIS ARTICLE
Harrisburg
Senate Cyroad Committee
House
Senate
Stuart
Bryan Blames Roads Hostile Laws Not at Fault
William J. Bryan, arriving for a lecture in Binghamton, says railroads face no sufficient hostile legislation and that investor alarm stems from watered stocks. He argues governments should investigate mismanagement and push railroads onto an honest basis, favoring federal over state control due to distance from the people.
MENTIONED IN THIS ARTICLE
Congress
Binghamton
N. Y. Mar
Willam J. Bryan
Harriman
Bryan
Buffalo
National
Norman E Mack
Erie Express
Roosevelt
Philippines
Interstate Commerce Commission
Protest From Garrett Warns of Railroad Bankruptcy Trend
Seaboard President W A Garrett warns that current legislation and economic pressure threaten railroads with bankruptcy. He cites high taxes, bonded indebtedness, and costly operations while urging curbs on rate cuts and more transparency in accident reporting to regain public confidence and avert receivership.
MENTIONED IN THIS ARTICLE
Seaboard
Anedal
Washington Post
Norfolk
Stickney
Chicago Great Western Railroad
W. A. Garrett
Seaboard Air Line
Raiway
Mr. Garrett
Garrett
Popular Manager John Fitzpatrick Hosts Washington Visit
John Fitzpatrick, a highly popular theatrical manager, is lavishly entertained by Washington friends this week. He oversees the local engagement of The Tourists, a show enjoying a strong season under his guidance, after previously managing venues in Detroit and Boston. Answers to the Educational Contest are due by April 1, with back numbers and catalogues available at the publication office.
MENTIONED IN THIS ARTICLE
John Fitzpatrick
Washington
City
Fitzpatrick
Temple Theater
Detroit
The
Majestic
Boston
Orly
Eddie Foy
Kari
Office of Publication
President stands pat on federal rail regulation
The article notes President Roosevelt will keep the firm stance on federal regulation of interstate rail operations, opposing state control, while rail executives visit Washington seeking looser enforcement and a calmer anti trust regime. It suggests ongoing tension between regulators and rail leaders about how to curb bad practices without harming stronger firms.
MENTIONED IN THIS ARTICLE
United States
Washington
Harriman
Interstate Commerce Commission
Gelats
Congress
Weather bulletin notes unsettled conditions and flood warnings
The Weather Bureau reports unsettled weather east of the Rockies with heavy rains along the Ohio River watershed causing rapid river rises and flood warnings from the upper Ohio to the Wabash and Susquehanna. Temps vary widely by region with rain or snow forecast for the next days. Winds along coasts shift. steamers to European ports face fresh to brisk winds and rain. Flood stages are warned for Pittsburgh Wheeling Marietta Parkersburg and rivers in Southern Ohio.
MENTIONED IN THIS ARTICLE
Uy 8
Dept. of Agriculure
Weather Bureau
Washington
Ohio River
Tennessee
Cumberland
Avobach River
Ohio
Rocky Mountains
California
Ohloe Valley
Middle
South Atlantic
East Gulf
Lower Lake Region
Ohio Valley
New England
Atlantic
Gulf States
Upper Lake Region
Atlntic
Miastysippi Valley
Ohie Valley
Middle Atlantic
South Atlantic States
Northwest
Upper
Lake Region
Miaaisuippi
Missouri
Gulf Coast
Lake Michigan
European Porta
Grand Banks
Pittsburg
Fear
Wheeling
Marietta
Parkersburg
Wabash River
West Branch
Susquehanna River
Madison
Louisville
Ohl
President Holds Rail Rate Talks Amid Wall Street Panic
Roosevelt listens to railroad leaders while insisting existing laws curb abuses, and hints at possible pooling under ICC oversight. Officials dispute a general rail inquiry, noting Harriman era investigations and stock market jitters as coordinated by top financiers to sway public opinion.
MENTIONED IN THIS ARTICLE
Interstate Commerce Commission
Interstate Commerce
New York
B. H. Harriman
Harriman
Harriman Lines
Roosevelt
Commission
Also Mentioned on This Page
Berlin
Hamburg
Antwerp
Amsterdam
Paris
Kaelf
London
Taluirea
Ray
Money Market
Pat
Parailela
Atlanta
Atlantic City
Elmarek
Hoston
N.Y
Chelmati
Sheyenna
Wyo
Davenport
Iowa
Denver
Colowand
Des Moines Iowa
Galveston
Tex
Helena
Mont i
Indianapolle
Tna
Jacksonville
Fla
Mensanity
Littleck
ATK
Marquatte
Mich
New Orleans
New ‘York
North Platte
Nebr
Goahs
Pitsburg
Salt Lake City
Baruts
Minn
Springfeld
Ata
Vicksburg
Tharp
Berkeley Rye
St. N. W
Games Speyer
Rock Island
Morgan
Yoakum
Weil Street
H. Warriman
J. P. Morgan
Andrews
Ledgers
R. P. Andrews Paper Go. Incorporated
la. Ave
N, W
Peter Grogan
the Home Savings Bank
Brice J. Moras
Ajer
Clarke
Francia Miter
Floward Moran
Michael J. Colbart
Carl Auerbach
Alex
Mishast
J. Colbert
Anthony Gusgier
Joan B. Geer
Winsfabu
J Philip Hermans
Harrison Johsen
Francia Miller
We. Miller
Brice J. Moses
John £ J. Ruppert
BF. Geal
James F Bhes
John Bhughrue
Home Savings Bank
7Th and
Mass. Ave
N. W
H Sts
7Th St
Senate Coffee
Folly Wuarantesa
Gov. 7Th and
E Sts
Guy
T. P. Gulley
For Health
Asso
Christian Xander
Goulds
Hostetter
Abe
Adler'a
CBC
Victor E
Adler
Ten Per Cent Clothing House
Rise
West End
Pa. Ave
N.W
Evan Ans
Prrnere
Security Storage Company
Packers & Forwarding Agts
Fifteenth Street
Rae
Columbia Phonograph
Street
A.W
Randle Moter Ee
Capitol OF
UB. i
Troy
Priea
Belmont Dairy Co
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