Watered stock blamed for 44 New Jersey firm failures
Editor V Jarvis notes watered stock led forty four New Jersey corporations to collapse in nine months. He jokes that the firms failed perhaps for not boiling their water as a precaution.
03 Oct 1903
Page 1
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!
This newspaper page contains 24 articles. Subscribers can read the full text of each article.
Newspaper
Weekly Call
Location
Troy, Illinois, United States of America
Date
Oct 03, 1903
Page
1
Editor V Jarvis notes watered stock led forty four New Jersey corporations to collapse in nine months. He jokes that the firms failed perhaps for not boiling their water as a precaution.
Gen. Grant’s granddaughter Rosemary Sartoris will marry the son of a Confederate colonel, signaling a notable union amid hopes for reconciliation between the blue and the gray. Sir Thomas Lipton faces risk to his health if he fails to win the America’s Cup, joking that at least he saved his appendix.
In historic remarks, Colombia is cited for blocking an isthmian canal by demanding earth as compensation for US spending of $200,000,000 on the project. The line notes some people fail to recognize a beneficial outcome.
Several thousand Americans have emigrated this year to western Canada. Immigration runs at ten thousand per week, yet the outward flow will barely affect the overall population. The quality of new arrivals, however, could be higher.
The speaker criticizes Colombia for foolish plans near bankruptcy while demanding lavish cash and annuity terms for a world class project. Only the United States would complete such a venture, and the offered terms are described as munificent.
The bills of damages to be brought against Venezuela by the various powers are expected to foot up about $44,900,000. As a bill of $44,000,090 could not be paid by that country this year or next, or any year in the near future, the powers will have a pleasant time getting their money. Castro's troubles are not yet ended.
Edward VII is said to be assisting Premier Balfour in cabinet making. The king is a skilled politician and highly popular, with four decades of preparation as prince of Wales shaping his political education. He is unlikely to reveal partisan moves.
The south has shown fairness in education funding for blacks. Negroes receive a share in education funds proportional to their numbers, though they contribute little financially. Education, it argues, reduces shiftlessness and crime, making school spending wiser than prison costs.
The great railway lines show earnings rising beyond any past year, suggesting stock prices are a weak indicator of railroad value. With corn poised to reach 2,000,000 bushels and wheat well above recent averages, the outlook remains bright for continued railroad prosperity, while the stock exchange seems detached from these prosperity drivers.
The United States militia has about 109000 enlisted men and 9000 officers. Local units have arisen to meet local needs, and Secretary Root sought to nationalize them in lieu of a national militia. Congress has funded the national guard at $200000 annually for arms and equipment, but federal relations were undefined until recently.
Officials warn that a story promising high premiums for 1894 silver dollars and exchangeable tickets to the World’s Fair in St. Louis is false. No premium exists for 1894 or other years, and even if within travel limits the holder must pay admission.
At Bloomington Walter Crankwall pleaded guilty to four indictments for embezzlement of 12000 while employed at the Modern Woodmen head office in Rock Island. A Kansas City firm won a 1,000,000 World’s Fair souvenir booklet contract for 4000 dollars for the first run. In Guthrie a carload of OklahomaHthberta peaches to London sold for 21 dollars per bushel. Archbishop Kain’s condition worsened at St Agnes Baltimore. Roosevelt returns to Washington after 13 weeks away. State Senator Green’s bribery case postponed to October 12. Becker released from San Quentin after seven years. Kansas City lawyer John O Grady dies. James Tillman goes on trial for murder in Lexington. Bakhtar Pasha awarded Medjidie first class. Carnegie bonds deemed safe and mortgage backed. Eli Cohen refuses a $40000 estate, preferring rough mining life. An arson attempt at the World’s Fair grounds. Five Connell powder mills buildings burned near Shamokin. Emil Grams hanged in Minnesota. East St. Louis railway opens October 1. Cincinnati Type Foundry strike. Two Bohemian miners killed at Henrietta mine near Edwardsville.
On Captain Browngan’s recommendation the Naval Academy commandant, Moodyhoe, authorized ending the smoking prohibition for first class members. Earlier that morning burglars blew open the Missouri Kansas & Texas depot safe at Pilot Grove, Missouri, and took about thirty dollars.
Condensed telegrams report architect George Matthews of Brunswick Mo dies in Kansas City from injuries after a street car crash at age 43. He directed erection of all Kansas City Southern structures between Siloam Springs Ark and Port Arthur Tex.
Springfield September 28 opening of the fifty first annual Illinois State Fair shows $200000 spent to improve buildings and grounds. New woman’s building cost 80000, dairy building 15000, coliseum 30000, machinery hall annex 8000, walks covered 10000, and over 50000 in other improvements plus $50000 in railroad terminal upgrades. Exhibits surpass all records in quality and variety with tents, immense corn displays, and larger livestock entries. The carnival lights illuminate Springfield as crowds await eight days of entertainment and contests.
Phil B. Davis assistant cashier of the First National Bank of Charleston confesses to shortfalls totaling seventy six dollars. He made good the losses and tendered his resignation which was accepted. The disclosure follows earlier suspicions cast on cashier W. J. Kenny after editor J. K. Bardin faced a beating. First National officials issued a statement detailing the defalcation and results of the inquiry.
P Row Eustis passenger traffic manager of the Burling ton road is critically ill with pneumonia at his home in Lagranqe He was convalescent but last night relapsed and his recovery is considered doubtful
Mounted infantry and militia patrolled Sault Ste. Marie as thousands of discharged Consolidated Lake Superior Co. workers faced pay slips meal tickets and advisories to seek work elsewhere. Colonel Buchan kept 26 soldiers at a dynamite magazine while authorities planned continued martial law until all troops depart and order returns.
W D Hamilton, a well known North Missouri Democrat and former Daviess County prosecuting attorney, collapsed and died of heart failure in Gallatin on Tuesday afternoon. He served in the Fortieth and Forty-first General Assemblies, chaired the judiciary and appropriation committees, and was a candidate for speaker. He was nearly 54 and is survived by two children.
Circuit Attorney Folk ordered a raid on the Rialto Grain and Securities Co. as part of an investigation into alleged misconduct. Six firm members including President Hugh C. Dennis were arrested. books and papers were seized. The case parallels the Ryan Investment Company with claims of securing money under false pretenses.
Raquette Lake dispatch reports no evidence of incendiary action in the Adirondack camp blaze of John Freeman near Saratoga. Officials say September 24 fire origin remains undetermined and no suspects identified.
Sir Michael Herbert British ambassador to the United States died at Davos Platz Switzerland after a long illness. His death was announced at the Alaskan boundary commission session with Lord Alverstone paying tribute to his aims of fostering good relations between Britain and the United States.
Lord Alverstone reads a tribute expressing sorrow at the death of Sir Michael Herbert who helped negotiate and sign the treaty forming the tribunal. The message praises Herbert as a devoted public servant and cherished friend, noting his high ideals and qualifications. Herbert had been at Davos Platz for about five weeks and faced consumption after returning from America.
The report states Sir Michael Herbert died suddenly with Lady Herbert, Sir Michael’s brother the Earl of Pembroke, and the Countess of Pembroke present. Lord Pembroke telegraphed to Foreign Minister Lansdowne seeking permission for transfer of remains via Swiss and French territories to England. A funeral is expected at the Salisbury family estate. The White House released a statement expressing deep shock and grief at the death, noting the President’s high regard for Sir Michael and his affections for the Herbert family.
We want people to find what they are looking for at NewspaperArchive. We are confident that we have the newspapers that will increase the value of your family history or other historical research. With our 7-day free trial, you can view the documents you find for free.
People find the most success using advanced search. Try plugging in keywords, names, dates, and locations, and get matched with results from the entire collection of newspapers at NewspaperArchive!
You can also successfully find newspapers by these browse options. Explore our archives on your own!
Browse by location and discover newspapers from all across the world.
Browse by date and find publications for a specific day or era.
Browse old newspaper publications to find specific newspapers.