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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Nov 14, 1905
Page
10
The Washington Post reports Wall Street briefly faced panic as brokers and speculators feared a major decline. Banks injected about 2.5 million dollars in late trading to stabilize prices, while heavy selling order flows pressed prices downward.
A rough report from New York indicates Secretary Shaw intends efforts to ease money markets by stating genuine factors behind speculative moves. The public, including bankers, await policy signals and potential rate guidance amid tensions over investor speculation and bank lending.
Former Insurance Commissioner Dearth pleads not guilty to bribery charges after demurring to the indictment. The case concerns a $300 payment from a Northwestern company official. A November hearing is set to address the sufficiency of the public offense claim. In a separate item, James Kile, 60, suffered minor injuries after falling from a moving car on a northwest street but recovered at home after treatment.
Trading at the local stock exchange reflected liquidation fears as New York money rates surged 25 percent. Brokers moved to absorb offerings with White concessions, while prominent banks and trust companies faced higher call money costs. Several issues traded, with American National Bank, Second National, and Commercial National among those active, and local real estate near Echo Street seen as potential future demand linked to Union Station completion.
Rev Frank Leighton Day is named to reestablish the Biblical literature chair at George Washington University. The appointment begins December 1, 1915, with Day bringing extensive studies in Biblical literature and Semitic languages from Chicago and Columbian and a background in Roanoke College and various church roles. He will help formulate undergraduate courses for the upcoming catalogue.
A jury before Justice Gould awarded landowners 9622.45 for opening an alley through blocks 12 Meridian H1 and 8 Washington Heights. Benefits total 9949.20. If approved, Special Counsel Sinclair will move to condemn the required land. Jurors: Swarmstedt, McTaughlin, Van Wickle, Metzerott, Tighe. Extension hearing set for Nineteenth Street viewings and City Trail notices.
An unofficial announcement states that Commercial Trust and Savings Bank will absorb Germania Savings Bank after a depositor run. Germania holds deposits over 7 million dollars, a capital stock of 100 thousand, and a surplus of zero. Commercial Trust carries 500 thousand dollars in capital. Government receipts and disbursements show national bank notes redeemed at 1,021,449 dollars, internal revenue receipts 1,538,852 dollars, customs 756,372 dollars, miscellaneous 8,388 dollars, and expenditures 1,390,000 dollars.
The Northeast Washington Citizens' Association discussed municipal ownership of public utilities and reclamation of the Anacostia Flats. Proponents urged federal or district acquisition of land and utilities, while opponents warned readiness for such moves was lacking. The group passed resolutions urging action and coordinated committees to push related legislation and service improvements.
Hor ee White, a 22 year old Black man, who shot Grant Armstrong in an alley near Sixteenth and M Streets NW Sunday, was captured last night by Third precinct officers Wilson and Davis. He was found hiding beneath an old bed in a relative’s home on Green's court NW.
Testimony shows Hamilton drew checks for others while records failed to prove actual payments to Hegeman. Hegeman testified about ten years of syndicate participation netting him about 8000, plus 16000 paid into the Metropolitan Life Company treasury. McCall defended the company stance on Hamilton with a prior statement and pledged oversight, while auditors examined rebates and tactics used to influence legislation.
The Geological Survey reports western oil output last year exceeded the eastern region. New pools were found in Texas California Kansas Indian Territory and Oklahoma with extensions to old fields. Total crude output reached 117,063 421 barrels valued at 10,170,406 dollars, up against a higher prior year. The survey predicts sustained gains due to automobile demand.
Public Health and Marine Hospital Service announced new rules to bar entry of yellow fever from Havana. All travelers from Havana on ships bound for ports south of Maryland must present immunity certificates. The coast quarantine season, typically ending November 1, is extended for further notice. The measures follow Havana’s yellow fever announcement.
Viavana reports three yellow fever cases with one isolated Spanish woman under treatment. Savannah, Georgia, declares yellow fever quarantine at noon as city health officer Dr W F Bruner forecasts it will end the last coast quarantine.
The Baron Arthur, a minor member of the Rothschild family, reportedly died by his own hand as Paris halted traffic and city life paused for hours. A funeral procession moved through the streets in lavish state, with eight-horse hearse, rabbis, servants, and ceremonial pageantry, echoing grand historic burials once seen in the capital.
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