Wednesday, June 23, 2010

Today -100: June 23, 1910: Of dirigibles, savings, duels and... Throop?


In Germany, the very first passenger flight by an airship, the LZ 7 Deutschland, piloted by Count Zeppelin with 12 passengers and a buffet, flew the 250 miles from Friedrichschafen to Düsseldorf in 9 hours (their luggage went to Munich) (kidding!).

I predict the LZ 7 Deutschland will carry passengers for a long, long time.


The Postal Bank Bill passes, allowing people to open savings accounts under $500 (later raised) at post offices, at 2% interest, with deposits guaranteed by the government. The system existed until 1967. This was a Republican bill, opposed by Democrats and Robert La Follette. I’m not really sure why, perhaps because the bill was intended to stave off regulation and deposit guarantees for regular banks. The POs will re-deposit most of the funds in local banks, to keep the money in the local community (up to 30% may be put in government securities). Funds might also be invested in the Panama Canal, which is soaking up a lot of the federal budget.

A couple of Syrians fought a duel in Battery Park. One was shot in the hip.

Teddy Roosevelt, Jr. and his new wife, looking for privacy (and not getting it) (reporters went knocking on the hotel door of newlyweds, how tacky is that?) checked into a hotel in Chicago under an alias: William Throop Rogers.

Throop?

No comments:

Post a Comment