t;e s:i •The. financial lirontrie INCLUDING Bank and Quotation Section (Aleutlily) State and City Section(semi -An.. liv) Railway and Industrial Section (Quarterly) Electric Railway Section (97.7:4"- WEEKLY NEWSPAPER Representing the Industrial Interests of the United States. - JANUARY TO JUNE, 1908, INCLUSIVE. VOLUME LXXXVI. WILLIAM B. DANA COMPANY, PUBLISHERS, FRONT, PINE & DEPEYSTER STS., NEW YORK. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Entered according to Act of Congress in the year 1908 by WILLIAM B. DANA. COMPANY, In the office of the Librarian of Congress, Washington, D. C. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis JANUARY-JUNE, 1908.J INDEX. INDEX TO THE HIGHTY-SIXTH VOLUIVI JANUARY 1 TO JUNE 30 1908. EDITORIAL AND COMMUNICATED ARTICLES. Page. Page. Page. gricultural Bodies. See Labor Unions. British Railroads and Hostile Sentiment(F.S) 131 Cotton Exchange in New England, Its Need A1drich Currency Bill-Provisions of.._68, British Statesman on International Relations 74 and Advantages (F. S.) 1006 130, 262, 381, 701, 768, 825, 829, 941, Brooklyn Ferry Co., Discontinuance Threat- Cotton Exchange, New York, a d Bureau 1017, 1136, 1186, 1199, 1305, 1315, 1375, ened on Account of Unprofitableness, &c. of Corporations (F S.) 1126, 1371 1385, 1444 (F S.) 1064, 1431, 1557 Cotton-Fall River Dividends and Wage Amalgamated Copper Co. and Copper Trade Brooklyn Subway Completed and Opened Agreement, 367, 1307, 1566 Depression 1379 (F 8.) 1062 Cotton Future Dealings, Bill to Prohibit American Politics "The House of Governors" Brooklyn Transit System 1133 Not Favored by Intelligence of South (F. S.) 1249 Bryan, William J., Less Friendly Feeling (Financial Situation) 71 Anthracite Carriers, Federal Suits against towards (F. S.) 1062 Cotton, Internat'l Congress at Paris(F S.)..1371 1304, 1440 Bryce, Mr., on Present-Day Legislation__ _ 252 Cotton, Lockout in Lancashire Averted (Fi- Anthracite Coal Production in 1907 259 Bucket Shops, Bill against 1018 nancial Situation) 249 Anti-Injunction Plank in Republican Plat- Building Operations in the U. S. in 1907 Cotton Manufacturers' Nat'l Ass'n Conven- form 1430 (F S.) 134 tion (F. S.) 1006 Anti-Trust Law and Mr. Carnegie 1012 Building Operations in the U.S. 1908 (F.S.) Cotton Manufacturing Industry, Continent • Anti-Trust Law. Sherman, The Bill Amend- 368, 691, 944, 1191, 1433 (Europe), Profitable (F. S.). 567 ing 947 Business (Anti) and Anti-Corporate Crusade Cotton Manufacturing Industry, Curtail- Arbitration and Japan 1253 (F S.) 1432 ment of Production in, &c. (P. S.), 631, Asquith, Mr., Elevation to the Premiership Business Revival, Several Setbacks Adverse 757, 883 of Great Britain, Possible Effect (F. S.)_ 881 to (F. S.) 188 Cotton Manufacturing Industry 'in Ger- Business Outlook Clearing up (F. S.) 754 many (F S.) 1493 nalfour on the Decadence of Nations 370 Cotton Manufacturing Industry Great Bri- "alkans and Macedonia, Situation in, rialifornia Special Holiday Law Held tain, very profitable (F. S.) 192 Causes Political Unrest (F. S.) 444 `,--4 Invalid. 1504 Cotton Manufacturing in Japan, Rapid Pro- Bank Clearings, Features of Monthly State- Campbell-Bannerman, Sir Henry 1068 gress in (F. S.) 133 ments (F S ) 308, 568, 821, 1127, 1370 Canada, England and the United States _1374 Cotton Mill Dividends at Fall River (F. S.) Bank Clearings at Leading Cities (monthly) Canada-More Tolerant Views PrevailThere 4 367, 1190 82, 319. 581, 833, 1140 Canada-Sovereign Bank Suspends__ _207, 896 Cotton-New York Exchange vs. Bureau of Bank Clearings and Speculation in 1907........ 80 Canadian Bank Clearings 36, 319,- 530, Corporations 1498 Bank Clearings by Telegraph_ _36, 319, 580, 1139, 1389 Cotton Receipts at Southern Ports, 145, 833, 1139, 1389 Canadian Electric Railways in 1907. See 378, 454, 700, 952, 1198, 1443 Bank Disasters, U. S. and Canada (F. 5.).... 248 Electric Railway Section, Feb. 29. Cotton, Southern Interests Realizing Failure Bank of England See England. Carnegie, Mr., and Anti-Trust Law 1012 of Anti-Option Legislation (F. S.) 71, Bank Notes, Changes in Total of, &c_ _ _ _80, Cars, Railroad, Idle (F. S.) 1249, 1556 510, 884 525, 771, 1021, 1264, 1568 Chelsea (Mass.) Disastrous Fire at 953 Cotton Supply and Consumption in Europe Bank and Quotation Section (monthly), Chicago & North Western Ry. Results for (by Cable) 204 Jan. 4, Feb. 8, March 7, Apr. 4, May 2, the Calendar Year 315 Country Banks and the Panic 138 , June 6. Chicago (Republican) Convention__ _ _1490, Court Decisions-For Decisions of Federal Bank Statements-State Supplements 1495. 1497 and United States Supreme Court see weekly Clearing-House returns _ _36, 316 Chicago Stock Exchange Record of Prices "United States Court Decisions." Bank Stock Sales_ _ _ _35, 83, 146, 206-,- 260, for 1907 205 Court Decisions-Right of Women to Work.. 513 316, 380, 455, 521, 577, 643, 701, 768, China as a Cotton Producer and Manufac- Stock Transfer Tax Law in New York In- 829, 893, 953, 1016, 1073, 1136, 1199, turer (F S.) 368 valid 768 1259, 1315, 1385, 1444, 1503, 1564 China and Japan 946 Brokers and Clients 893 Banking and Business, Inter-Relation of __ _ 194 Chinese Indemnity Proceedings(F. S.) 1366 In Favor of Milwaukee Electric Railway & Banking failures in 1907 137 "Chronicle," Past and Present 1122 Light 1492 Banking Failures after Panic, Prominent In- Clearing House Allows Offsets against Notes California Special Holiday Law Held In- stances-Mechanics' & Traders, National Pledged as Security for Clearing-House valid 1504 Bank of North America, New Amsterdam Certificates (Mechanics & Trade,sr Bank) Pennsylvania Low-Fare Law Unconstitu- National, and Oriental Bank 248, 260 318, 382 tional 191 Banking Inspection, by Kansas City Clearing Clearing House-Inspection of Banks by Courts Protecting Guaranteed Rights(F .S .) 1492 House 84, 382 Kansas City 84, 382 Crisis (Monetary), Intensity of • 372 By Los Angeles 577 San Francisco.. 522, 702 Crops, Condition of (F. S.), 880, 883, By Pennsylvania 84 Los Angeles 577 1128, 1434 By San Francisco 522, 702 Clearing-House Associations (State).. _1316, 1507 Currency Associations Being Formed under Banking Legislation-Gov. Hughes's Recom- Clearing-House Certificates, The Issue of, New Law 1444, 1503 mendations 35 during the Panic 894, 1314, 1321 Currency Bill, Aldrich 68, 130, 825 Banking Legislation-Guaranty of Deposits Clearings and Speculation in 1907 80 Currency Bill, Congressman Fowler's_ __636, in Kansas 146, 381 Cleveland, Ex-President, Death of 1559 698, 1186 e'r Banking Legislation-Guaranty of Deposits Cleveland, Street Railway Situation in. See Currency Bill, Vreeland (F. S.), 1186, 1304, 1305 / in Oklahoma 206, 455, 522 Electric Railway Section Feb. 29. Currency Emergency, Law, Interest charges Banking Legislation in New York_644, 768, Cleveland's Street Railway Experiment on public deposits (F S.) 1491 954, 1004, 1017, 1074, 1131, 1136, 1200, 1134, 1187, 1306 Currency Holdings of U. S. Treasury, 266, 1317, 1504 Coal Production, Anthracite, in 1907 259 386, 771, 958, 1263, 1567 Banking Law (New) in Rhode Island 1316 Commercial Failures in 1907 137 Currency Law (Emergency), New, 1367, Bank,ng Laws(New) in Massachusetts 1506 Congress, Adjournment of (F. S.) 1248 1375, 1388 Banking, New York State Superintendent's Congress, Powers of, Regarding Labor Currency Legislation-American Bankers' Recommendations 84, 263 Unions 253 Association 206 Banking and Trust Company Resumptions Copenhagen Monetary Crisis-Run on Currency Legislation-Provisions of Aldrich after Panic, Prominent Instances- Banks(F. S.) 367, 509 Bill...... _68, 130, 262, 381, 701, 768, 825, First National Bank of Brooklyn 383 Copyrighted Books, United States Supreme 829, 941, 1017, 1136, 1186, 1199, 1305, Knickerbocker Trust 769 Court Decision Regarding the Fixing of 1315, 1375, 1385, 1444 Nat. Bank of Commerce of Kansas City 832 Prices 1561 Currency Measures in Congress (F. S.). _68, 130 Jenkins Trust Co., Brooklyn 955 Corporate Management, An Accountant's Currency Premium Disappears after Panic 83 Borough Bank, Brooklyn 955 View of 199 Union Trust of Providence 1137 Copper Trade Depression and Amalgamated Debt Statement of U. S., 266, 386, 771, Home Bank of Brooklyn 1386 Copper Co 1379 958, 1263, 1567 Williamsburgh Trust 1445 Corporate (Anti) and Anti-Business Crusade Decadence of Nations, Mr. Balfour on_370, 575 Mechanics' & Traders 1565 (F S.) 1432 Delaware &Hudson RR. Electric Lines. See Brooklyn Bank 1565 Corporation (Foreign) Laws Declared Un- Electric Ry. Section, June 27. Banks. See also National Banks. • constitutional. See under Missouri. Democratic Presidential Candidate, Duty Banks, Country, and the Panic 138 Corporation Problem; How Shall It Be and Opportunity of South 106 Banks, Conduct of, to Be Investigated by Settled 448 Deposits, Guaranteeing Same, Right of Na- United States Senate 701 Corporations, Bureau of, and New York tional Banks to Participate 206, 1074 Banks in New York to Keep Large Reserve Cotton Exchange 1498 Deposits, Guaranty of Same, by Oklahoma 1075, 1131, 1136 Cotton Acreage and Condition June 1 1908 206, 455, 522, 1074 Banks Surrender Government Deposits........1503 1371. 1381 Deposits, Guaranty Plan in Kansas Fails Battery Tunnel (to Brooklyn) and Subway Cotton, American Manufacturers' Associa- 146, 381 Policy 196 tion, Convention (F. S.) 1250 Devonshire. The Duke of 760 Battle-Ship Legislation 1009 Cotton, Anti-Option Legislation Less Popu- Donations and Gifts 71 Bomb-Throwing Incident (New York City)._ 824 lar at the South (F. S.) 1557 Bonds, Increasing Transactions in (F. S.)_1062 Cotton, Calico Printers' Ass'n of Great lectric Interurban Roads, Indiana Rail- Books,Copyrighted, Fixing Price of 1561 Britain, poorer showing (F S.) 567 E road Commission action on rate of Boycott. See Labor, Cotton and Cotton Manufacturing in China fares (F. S.) 1492 Breadstuffs Receipts at Lake and River (F. S.) 368 Electric Railway Operations, Growth of. _ 891 Ports 145, 378, 453, 700, 952, 1197, 1443 Cotton Crop Indicated by Final Ginning Re- Electric Railway Section, Feb.