Wall Street Tumbles as Investors Brace for Impending Failures
Stocks extended declines with many issues off sharply amid heavy selling and profit taking. Money rates surged to 15 percent before easing, while international banks assessed risk and urged caution, noting no immediate failures but widespread unease and huge losses among wealthy operators.
MENTIONED IN THIS ARTICLE
Ahaconda
St. Paul
Delaware and Hudson
Southern Pacific
Boston
Wall Street
Weil Street
H. Warriman
J. P. Morgan
Morgan
Harriman
Money Market Aided After Cabinet Meeting
Six cabinet members gathered at the White House to discuss the money market. Secretary Cortelyou issued an order allowing $20.6 million in government deposits to remain in New York banks, amid talks with James Speyer on stabilizing liquidity and avoiding a sudden withdrawal shock.
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
Hns
Philadelphia
Clothier
McCrea
Pennsylvania
Connelyou
Tait
Garfield
Straus
Metcalf
Bonaparte
Hoot
Presiden
Secretary of the Treasury
Costelyou
New Yorle
The
Shaw
Philippines
Panama
Hood's Sarsaparilla Crowned Best Spring Medicine
In thousands of homes across the region families are using Hood's Sarsaparilla as a daily spring tonic. The remedy is praised for cleansing the system restoring energy increasing appetite and strengthening the body.
MENTIONED IN THIS ARTICLE
Hood
Treasury Finances Show Large Surplus and Stable Receipts
A review notes the March 1 surplus of 40.6 million against last year’s 101.34. Receipts exceed expenditures daily, and the Treasury stands in excellent condition. Some fear administration may claim the surplus is manufactured by speculation and not a genuine money shortage.
MENTIONED IN THIS ARTICLE
New York
Treasury
Unig
Harrisburg Senate backs two cent fare bill
Harrisburg March 13 The senate cyroad committee reported favorably the two cent fare bill that passed the house two weeks ago despite railroad opposition. Gov Stuart in speeches pledged support while the committee struck out imprisonment provision for railroad officials though a $1000 fine remains in the bill.
MENTIONED IN THIS ARTICLE
Harrisburg
Senate Cyroad Committee
House
Senate
Stuart
Bryan Blames Roads Hostile Laws Not at Fault
Bryan argues government ownership debate fueled by railroad stock watering and investor fear, not hostile legislation. He notes rail managers push federal oversight to dodge state laws, underscoring distrust of distant Congress and praising closer state legislatures. Bryan criticizes railroad leadership and calls for honest capitalization.
MENTIONED IN THIS ARTICLE
Congress
Binghamton
N. Y. Mar
Willam J. Bryan
Harriman
Protests From Garrett Warn of Railroad Bankruptcy Trend
Seaboard President W A Garrett warns that current state and national legislation threatens railroads with receiverships as rates are cut. He cites high taxes and bonded debt, calls for sentiment shift to avoid collapse, and pledges transparency after accidents.
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 Here in Washington
Popular theater figure John Fitzpatrick, famed manager of The Tourists in Washington, entertains friends this week. Formerly at Temple Theater Detroit and Majestic Boston, he steers the current engagement and aids the show’s successful run. Educational contest entries accepted through April 1 with back numbers and catalogs 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 Rail Regulation Conference
President Roosevelt reaffirms federal control of interstate railroad operations amid pressure from rail executives who favor regulation over state laws and anti trust prosecutions. He signals no change in stance and notes that good and bad railroads exist, with enforcement aimed at bad actors.
MENTIONED IN THIS ARTICLE
United States
Washington
Theeeranda
Harriman
Interstate Commerce Commission
Gelats
Congress
Interstate Commerce
New York
B. H. Harriman
Harriman Lines
Roosevelt
Commission
Weather Bulletin Warns of Floods and Storms Across Regions
The Weather Bureau reports unsettled conditions east of the Rocky Mountains with heavy Ohio River watershed rains and rising tributaries causing flood warnings. Forecasts predict rain or snow in the Lower Lake region, Ohio Valley, New England, and other areas, with colder trends in the Ohio Valley and Middle Atlantic. Winds vary along coasts, with rough conditions for steamers to European ports and flood stage warnings issued for the Ohio River and Wabash River basins.
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
President holds cards close in railroad rate talks
Roosevelt listens to railroad figures while defending existing laws and urging careful consideration of proposed traffic agreements. Officials note Wall Street panic appears engineered, with Speyer and Morgan allies pressing for possible rate law amendments and federal oversight to curb abuse.
MENTIONED IN THIS ARTICLE
Roosevelt
Washington
Wall Street
Games Speyer
New York
Speyer
Rock Island
Morgan
Yoakum
Harriman
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St. N. W
Steone
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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
State Root
Knapps
Lane
Highitt
Chenge and Northwestern Railroad Company
Goulds
Hostetter
Abe
Adler'a
CBC
Victor E
Adler
Ten Per Cent Clothing House
Rise
West End
Pa. Ave
N.W
Evan Ans
Prnere
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