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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Oct 30, 1907
Page
2
Turbulent transcript notes German and English banking actions as discount rates shift and liquidity strains surface. Reports cite New England to Rhode Island bank concerns, public exchanges, and fatigue in credit markets. Observers highlight foreign credit flows, collateral notes, and domestic clearinghouse strains fueling cautious sentiment.
President Eldredge of Knickerbocker Trust in New York denies suspension amid reports tied to Dr W T Buss and a hospital incident. Aged banker Elazido reportedly fractured a leg abroad and faced medical fears, while the family learns of limited updates regarding his condition and the bank’s turmoil.
An OCR fragment reports bankers praising Cortelyou and a city of Philadelphia committee hearing. The text mentions the Secretary of the Treasury and Washington, with references to New York banks and city officials. It notes concern over a potential crisis and commends Fairlie craftspeople for preventing broader damage.
New York Oct 3 Miss Lillian Russell, noted stage actress, was among the largest depositors in the Keimerbocker Trust company. Authorities report a substantial funds block tied up, with about 500 dollars in household funds at her residence on Fifty-seventh Street, as checks fail to clear.
A sweeping banking caution spreads from Portland to New Orleans as banks limit withdrawals and coordinate reserves. Spokane and Seattle report sound conditions while New Orleans and Chicago institutes suspend or curb trading. Authorities urge stability amid depleting reserves and looming seasonal cash needs.
In Buffalo and San Francisco the clearing house certificates begin operation with banks certifying funds and limiting withdrawals. Danville Virginia banks adopt a plan to honor cheques beyond normal limits using joint certificates bearing 4 percent interest. Similar steps follow in Reidsville and nearby towns as currency shortages strain metropolitan institutions.
The Kalear steamer brought remittances from New York to London but delays and a finger accident slowed shipments. A halt in imports followed as a credit scare hit banks and exchange rates surged. The Bank and other lenders faced high discounts amid rising German and British rates as trust faltered in the week.
A woman was robbed of her purse on a northwest Washington street around 7:43 last night. Two young men seized her bag, one grabbed her wrist while the other fled with the purse and fled into an alley, while bystanders cried out. Police at the Eighth precinct investigated, as officials linked the incident to a broader temperance debate and potential political actions in the capital.
New York bank officials allege Morse solicited employees to buy bank stock at a promised high price. He allegedly offered shares at 7500 per, asked them to lend quotes to others, and pledged notes as security. The affair concerns the bank’s oak and alleged misconduct by Morse and senior officers.
The Masons to help dedicate the new Bethany Baptist church home at the corner of Rhode Island Avenue and Second Street Northwest. St Woodward, president of the Americas Baptist Missionary Union, will preside, with district ministers taking part. Notable items include a Roosevelt autographed portrait in the stone.
A new Baw Magazine for Children titled The Children’s Star debuts under Elishebet C Wick ersham and Elizabeth Hart Jones with ES. P. Lippett as managing editor. It pledges to serve child interests with features on morals and manners, crafts, and “Wonder Tale: of Inventing,” plus Bible stories and activities for young readers.
A Harvard professor, William Henry Sehofald, born in 2 Canellen, slated to give an inaugural address at the University of Berlin tomorrow amid a bitter German American controversy. The issue centers on his nationality and his publications linking him to the Kaiser’s pet schemes, with U S and German officials weighing diplomatic options.
A local effort seeks a separate vote on saloon prohibition in the district. The proposal invites residents to decide on permit controls while contrasting with broader national temperance movements.
Police arrested a 38 year old merchant named Charles A. Evans at 12th Street Northwest after he allegedly attacked Annie Diehl as she stood in her vestibule. The assailant, reportedly using a fictitious name, was found with letters addressed to Wiggington and claimed mistaken identity. The incident occurred shortly after 11 PM as the man tried to embrace the victim. her father, Solomon Diehl, intervened and summoned officers.
The report notes a strong cold front bringing brisk northerly winds and cooler temperatures across multiple regions. Temperatures are expected to dip with variable sunshine and occasional cloud cover, while coastal areas anticipate gusty winds from the north and a brief cooldown ahead of the week.
Twelve volunteers from the Bureau of Chemistry and the Agriculture Department participate in a government led food safety study under Dr HW Wiley. They will test beverages and soft drinks for impurities while remaining under strict oversight and with safety guarantees. The trials, begun years ago, aim to prove the treatment is not cruel and to determine effects of borax salicylic acid and other compounds on the digestive system.
A ten year old boy named Simms was struck in the head by a stone thrown during a fight in a yard on Cardozo Street Southwest yesterday afternoon. He sustained three skull fractures and was taken to Emergency Hospital. The incident involved multiple bystanders. one assailant punched and then struck a youth, prompting a chaotic confrontation.
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