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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Nov 27, 1907
Page
4
Equlled Labor and Large Percentage of Material from the United States. Howang and Feeding the Laborers and the Cost-Canal Appropriations and Expenditures Sanitary Measures.
A dense report details canal expenditures for 1907 and 1908 including sums for quarters for gold employees construction of all employes quarters hospital buildings and supervision. It notes large outlays for construction and hospital facilities as well as material handling and purchase of US sourced goods. Labor force figures from June cover recruited workers from the United States Europe and the West Indies and the Panama Railroad.
At a meeting of the Senators from Oregon and Washington, a compromise amendment to the proposal to raise railroad rates was agreed upon. Shippers of lumber north of the Pacific Northwest gain an opportunity to present the merits at the Interstate Commerce Commission before any rate increase is approved. Fulton of Oregon presented the amendment and urged its adoption.
The Hamilton Club of Chicago invited President Roosevelt to address its Apomattox Day banquet on April 1. Club officers Thomas I. King and Mann spoke for the arrangement, with hopes of the President’s attendance, though he expressed doubt about being able to attend.
Secretary Taft indicates the party will depart Hamburg on the steamer President Grant for Newark on December 7. Frank Meiningre, chief of the Bureau of Insular Affairs, received a cable saying all party members are well. The dispatch mentions no details of any wrecks or mishaps during the journey from Nowonkolijevsk, Siberia, via Trkutsk to Moscow.
Representative Loudenslager of New Jersey announced after an interview with President Roosevelt that the Republican Congressional Committee will establish a permanent literary bureau in Washington. Quarters in the Metropolitan Bank Building have been secured with Francia Curtis in charge.
Banks on Wall Street report rapid steps toward resuming cash payments for moderate sized checks. Authorities say New York banks expect to return to cash payments within ten days to two weeks, aided by interbank currency flows and improved liquidity.
Treasury officials announced that buyers of the Panama Canal bonds will pay only 20 percent of the price in cash. The remaining 80 percent may be retained by banks as a deposit of Federal funds. National banks may withhold 10 percent of the purchase price and deposit Federal money. The bonds are long term, and the certificates of indebtedness are redeemable in one year. Reports from New York and Chicago indicate banks may start currency payments soon, signaling improved financial conditions.
Excluded from the central reserve list, Philadelphia bankers petition the Comptroller of the Currency to designate the city as a central reserve center for national bank funds. They report combined resources of about 261.96 million and seek approval with legal requirements met.
Military field notes list leaves of absence, month long and two month detachments, and numerous changes in ordnance and infantry posts. Officers including Col Garland N Whistler Col Edward Adams Maj George Mak Williamson Capt Walter Gordon and Lieut Col Eugene Zaddai are reassigned to duties from Manila to San Francisco to Rock Island and to other posts. A board at Rock Island reviews officers for promotion. many officers depart to duties at Manila Fort Brady Fort Myer and Guam. Commanders TMC Potts and Capt E J Dorn noted, Dorn appointed Guam governor.
The Army Signal Corps notes favorable Pacific air conditions aiding wireless telegraphy with small power gear. The USS Thomas linked San Francisco Naval Station at 140 miles, then a 220 mile line to another station, showing strong wireless performance afloat. Portable field sets maintained communication from Seattle to Indian Head twenty six miles away.
The retiring army board, which reviewed officers who failed horsemanship tests, nears completion and sends findings to the War Department. Col HB Davis of the Engineer Corps, overseeing Detroit work, secured extended leave to retirement next February, superseding board recommendations while remaining on duty briefly in Detroit.
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