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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Mar 26, 1907
Page
20
Stocks fell further as copper prices plunged due to forced futures liquidations, dragging Amalgamated Copper and related issues down. Bear traders covered slowly while bankers and brokers warned of broader instability despite assurances that bank solvency remained sound.
London reports a Wall Street price break easing amid plentiful money and steady carryover. The stock exchange closed as Easter approaches and traders expect the worst to be over, with only minor further moves possible before settlement.
Stones were thrown Sunday night at Talcott Hall the girls dormitory while the girls were asleep. Some stones shattered windows and the girls leaped from bed to seek safety. A crowd of boys gathered outside the dormitory about 10 o clock. police captured a stone and an investigation is under way.
Jacob E Schiff head of Kuhn Loeb & Co urges a negotiated plan tying railroad legislation to investor confidence. He argues fear of railroad curbs worsens markets, predicts Treasury action by mid April will ease funds to New York. He proposes a joint railroad government panel to craft fair legislation, avoid broad state risk, and stabilize 1907 markets.
Special to The Washington rest on York March 26 James J Hill cautions that recession looms with red lights ahead. He urges patience and conservatism while noting credit impairment and cautious spending. Hill cites Northwest trade strength in essentials like lumber wheat coal iron ore, though luxury demand may fall.
That tired feeling signals low blood vitality and impurities show as pimples. Hood's Sarsaparilla is claimed to remove tiredness and renew vigor. Available in liquid or tablet form. 100 doses for $1.
Administration acts to calm Wall Street panics by accepting other government bonds in substitution for United States 4 per cent bonds held for public deposits. Treasury officials seek to steady railroad bonds and funding while bankers warn on foreign perceptions. President watches market strain, pledges to enforce laws but keeps quiet to ease unrest.
London financiers discard panic claims after Rothschild asserts no danger from exchange settlement. He notes small failures possible but denies threats of nationalizing railways or curtailing rail earnings, while German holders and others are selling on fear of Roosevelt actions.
Local officials in Glen Echo plan to issue a warrant for the chauffeur of the Shonts touring car for speeding through the Maryland village at about forty miles an hour. Officials jealously dispute who drove, while the town marshal seeks the accused and possible requisition papers.
Dave Hennen Morris, president of the Automobile Club of America, a special policeman, was vindicated in the Court of Special Sessions for driving his car at twenty five miles an hour on Jerome Avenue. He had pursued a faster violator and was arrested by a patrolman before his own car could be halted. Morris, who had sworn in recently, told the court he acted to enforce speed laws, and asked the court to join him at luncheon, which was declined.
The United States Court of Appeals holds a railroad may eject a passenger who refuses to pay fare even if payment is later offered by the passenger or a third party. William Smith sued Missouri, Kansas, and Texas Railroad. a verdict of 35 was affirmed up the line. Judge Vandevanter notes that without a statute the passenger cannot recant to gain transportation.
A massive fire leveled the Morton salt block in Hutchinson, largely owned by Joy Morton and Paul Morton. The plant’s new $250,000 addition and large salt stock were consumed, with total losses around $900,000. The blaze started when a coal oil lamp exploded in the boiler room, oil fuels aiding rapid spread aided by strong winds.
Governor Henry Buchtel signed the local option bill in Denver on March 25 with a large audience including clergymen and Women’s Christian Temperance Union officers. The event opened with religious services and scripture reading and closed with a benediction by the governor.
General weather bulletin reports pressure falls across the Lake region and central valleys with southeast to south winds and fair skies. It notes abnormally high temperatures inland except the Dakotas and Montana and outlines rain and snow expected west of the Rocky Mountains into the Gulf and Mississippi Valleys through Tuesday night into Wednesday. Local readings show highs around 66 and lows near 23 with varying humidity and sunshine, plus sea weather guidance for steamers sailing Tuesday toward European ports.
A historic blizzard rages over Newfoundland for two days. In Harbor Grace a house is destroyed by lightning and telegraph lines are down. Coast winds and heavy ice stop shipping and rail traffic remains at a standstill amid deep snow.
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