Wall Street Faces Heavy Losses as Market Slump Liquidates
Declines of 3 to 7 points dominate the day with 712 point drop in some issues. Dealers report profit taking and heavy speculative buying during early afternoon, followed by another selling stampede in the last half hour. Banks and brokers on the Street stay cautious as rumors of failures circulate, while international bankers note high money rates and mixed signals from London and Berlin. Money opens at 6 percent, peaks around 15 percent, then eases to 4 1/2 percent as demands for loans rise from interior merchants and Boston buyers. Wealthy operators suffer the heaviest losses amid widespread liquidation.
MENTIONED IN THIS ARTICLE
Ahaconda
St. Paul
Delaware and Hudson
Southern Pacific
Boston
New York
Wall Street
Money Market Aided After Cabinet Meeting at White House
Six cabinet members gathered at the White House and a meeting was held to discuss relief measures for the money market. Secretary Cortelyou issued an order allowing $20,600,000 of government funds deposited in New York banks to remain there subject to call until further orders. James Speyer, banker and railroad director, advised the President on Treasury actions to stabilize lending, cautioning that large withdrawals could shake markets. The White House said the session resembled a cabinet meeting in effect, though not technically one, and the Treasury action aimed to steady bank liquidity amid New York market unease.
MENTIONED IN THIS ARTICLE
Wall Street
White House
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
Congress
Steone
Interstate Commerce Commission
Interstate Commerce
B. H. Harriman
Harriman
Harriman Lines
Roosevelt
Commission
Root
Knapp
Lane
Harebitt
Chicago and Northwestern Railroad Company
Chicago
Washington
Hood's Sarsaparilla Promoted as Best Spring Medicine
An advertisement urges thousands of families to take Hood's Sarsaparilla in three doses over two days as a cleansing tonic for the system. It claims to combat fatigue boost appetite and provide strength for every family member.
MENTIONED IN THIS ARTICLE
Hood
Treasury reports strong finances and large surplus in New York
The piece argues against withdrawing $204,000 of additional deposits in New York, noting Treasury is in excellent condition with a March 1 surplus of $40,603,348. Receipts exceed expenditures daily, but some fear the administration may view the conditions as manufactured and withhold Treasury aid, forcing financiers to rely on their own resources.
MENTIONED IN THIS ARTICLE
New York
Treasury
Unig
For a Two-Cent Fare in Harrisburg Senate Report
Harrisburg report: the senate cyroad committee favored the two cent fare bill, passed by the house earlier. Railroads oppose, but approval is likely next week. Gov Stuart pledged support in campaign speeches. The panel deleted the one year prison clause for railroad officials, but kept a $1,000 fine.
MENTIONED IN THIS ARTICLE
Harrisburg
Senate Cyroad Committee
House
Senate
Stuart
Bryan on Railroads and Government Control
Bryan argues that hostile state legislation is not why railroads face funding limits, but watered stocks and mismanagement. He says honest capitalization and federal scrutiny are needed, criticizes rail managers seeking federal oversight to dodge state laws, and notes Congress is distant from voters vs state legislatures.
MENTIONED IN THIS ARTICLE
Congress
Binghamton
N. Y. Mar
Willam J. Bryan
Harriman
Seaboard Chief Warns of Railroad Bankruptcy Trend
Seaboard President W A Garrett warns that present legislation and rate pressures push railroads toward bankruptcy. Citing labor shortages and high taxes, he calls for sentiment change to avoid receivership and pledges transparent incident reporting under Seaboard leadership.
MENTIONED IN THIS ARTICLE
Seaboard
Anedal
Washington Post
Norfolk
Stickney
Chicago Great Western Railroad
W. A. Garrett
Seaboard Air Line
Raiway
Popular manager John Fitzpatrick entertains Washington friends
John Fitzpatrick, a popular theatrical manager, is in Washington this week guiding the engagement of "The Tourists" and visiting former theaters in Detroit and Boston. He previously managed Eddie Foy in "Kari and the Girl" and invites contestants to submit answers by April 1.
MENTIONED IN THIS ARTICLE
John Fitzpatrick
Washington
City
Fitzpatrick
Temple Theater
Detroit
The
Majestic
Boston
Orly
Eddie Foy
Kari
President Stands Pat on Rail Regulation Confronts Railway Leaders
President Roosevelt maintains support for strong federal control over interstate rail operations. He signals no shift toward leniency for railroads or antitrust prosecutions, while railway presidents push for looser state rules and less aggressive enforcement. The coming conference will focus on ensuring enforcement against bad railroads and regulation deemed necessary for national interests.
MENTIONED IN THIS ARTICLE
United States
Washington
Harriman
Interstate Commerce Commission
Gelats
Congress
Weather bulletin reports unsettled east with Ohio flood warnings
The Weather Bureau notes unsettled conditions east of the Rockies with frequent rain and snow, heavy Ohio River watershed rains causing flood warnings for upper rivers and the Wabash and Susquehanna systems. West of the mountains, conditions are cloudy with varying rain and snow. Forecasts predict rain or snow in multiple regions Thursday and Friday with colder temperatures in several valleys and warmer shifts in others. Winds along coasts become brisk, with shifting patterns offshore. Stream-stage warnings specify Pittsburgh Wheeling Marietta Parkersburg and other points, plus sharp rises from Madison to Louisville and in Southern Ohio rivers.
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 listens but withholds hand on rail rates
The article reports President Roosevelt indicating openness to hearing railroad leaders while keeping his own position on reform measures. It notes Wall Street fears and the influence of financiers like Speyer and Morgan, suggesting a possible shift toward allowing railroads to enter rate agreements with ICC approval, and describes ongoing debates over the Sherman and antitrust laws amid market volatility.
MENTIONED IN THIS ARTICLE
Roosevelt
Washington
Wall Street
Games Speyer
New York
Speyer
Rock Island
Morgan
Yoakum
Harriman
Congress
Interstate Commerce Commission
Also Mentioned on This Page
Berlin
Hamburg
Antwerp
Amsterdam
Paris
Kaelf
London
Taluirea
Raye
Money Market
James Speyer
Bryan
Buffalo
National
Norman E Mack
Erie Express
Garrett
Mr. Garrett
Office of Publication
Pat
Parailela
Atlanta
Atlantic City
Elmarek
Dak
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
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
Security Storage Company
Packers & Forwarding Agts
Fifteenth Street
Rae
Columbia Phonograph
Street
A.W
Randle Moter Ee
UB. K
Troy
Priea
Belmont Dairy Co
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!