MacVeagh Urges Radical Money Reform for U S
Secretary of the Treasury Franklin MacVeagh calls for radical reform of the banking and currency system. He warns Congress that under the current setup the federal government bears the burden of panics and economic distress and urges a central cooperative agency free from political control to supervise independent banks. He also cites expected deficits for the 1914 and 1915 fiscal years and promotes customs, currency, and pensions reforms.
MENTIONED IN THIS ARTICLE
Secretary of Treasury
Washington
United States
Franklin MacVeagh
the Treasury
Congress
MarVeagh
Treasury Department
Panama
Juneau
Wilson
MacVeagh
Secretary of the Treasury
Banks
Thn
Annual Meeting Set for December 10
The Chamber of Commerce and Waterloo club call for their annual meeting next Tuesday at 7 36 o clock in the club rooms over Pinkerton grocery. Officers for the coming year will be elected and plans outlined for a broader campaign. Lamson, president since the merger six years ago, declines reelection with C L Wingsley noted as possible successor.
MENTIONED IN THIS ARTICLE
Chamber of Commerce and Waterloo Club
Pinkerton
Lamson
C. L
C. L. Wingsley
W. Brown
OL. Norther
EL Sed Wreck
Ita Hoover
W. W. Marsh
William Galloway
C. Eo Pickett
FLW
Powers
Metthiones
K. Jeder
Berkl L. Kingsley
C. Hartman
Wihas
Wood
O. Bernbrock
Brown
Moneyed Circles Brisk as Banks See Reserve Drafts
The money market is brisk in Waterloo and central Iowa as banks report heavy drafts on reserve funds. Farmers’ crops slow movement and hog cholera losses reduce deposits, while New York call money climbs to 14 percent. Saloons’ closure shows no immediate bank impact, with deposits expanding across institutions. six months to a year may reveal clearer effects.
MENTIONED IN THIS ARTICLE
Waterloo
Iowa
New York
Market summary from Genchal Markets Chicago wheat and hogs
Disappointing wheat trade as buyers hold back with good Argentina harvest weather and steady export demand at Kansas City. May futures show small moves around 901/2 to 903/4 while corn weakens on liberal selling. hogs advance amid limited stock and pork at 18.57 1/2, lard 10.15, ribs 9.87 1/2.
MENTIONED IN THIS ARTICLE
Chicago
Argentina
Kansas City
Liberal Commission
Ohio
St Louis and Omaha Livestock Prices Reported
Market notes from St Louis and Omaha show cattle and hog receipts for December 4 with mixed prices across beef steers cows and heifers hogs and lambs. Chicago prices echoed conservative cattle and sheep shifts with cash wheat corn oats and feed markets also updated.
MENTIONED IN THIS ARTICLE
ST. Louis
Omaha
Neb
Der
FAO
Texas
Ata
Cp Rae
Retead
Chicago
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M’veagh
Sereretary
MarVough
Bureau of Engraving and Printing
Life Saving Service
Il Service
Chamber OF Commerce
Rith Bowen
Cortland
Phtheria
Union Painless Dentists
Commercial
West Waterloo
Brigk
Grops
Genchal Markets
Lamson Bros. & CO
Chicago Board OF Trade
J. E. Meckiroy
Marsh-Place
Market News
Minnesota
Wisconsin
Michigan
Clogo
N.S
Louis
Minneapolis
Wellington
San Orb
Airy Potter
Rene
Greer Ae
Marium
Lemalt
Dee. Oeane
Dee
Jan Th Halio
Jan Ee
Tee
Ae Neek
Woods Bros
Great Clearance
Werner
Mehlin & Sons
ESTEY
Mehlin
J. & C. FISCHER—_EMERSON
Hobart
M. Cable—Schiller Smith & Barnes
Oakland
Milton—Werner
Hobart M. Cables