Image provided by: University of Oregon, Knight Library; Eugene, OR
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PORTLAND, OltEGON, SATURDAY, APRIL 13, 1907.
toe ri75r national bankofkauspell
I). K. PEELER, I'rcs., F. J. LRBERT, V. I'fCf.. R. E. WEBSTER, Caih., W. D. LAW80N, A. Cash.
Transacts a general banking buslnen. Drafts Issued, available In all cities of the United
Etatos md Kuropo, Hong Kong ami Manila. Collegium made on favorable terms.
LADD A, TILTON, Bankers Portland, Oregon
Kstablliihcd in IBM. Transact n Ooncrat Hanking Business. Intorest allowed on tlrao de
posits. Collertlons made at all points on favorablo terms. Letters of Credit issued avallablo in
Kuropo and the Eastern Htates. Bight Kxehnngo and Telegraphic Transfers sold on New York,
Washington, Chicago, 8t Louis, Denver, Omaha, Han Francisco and various points in Oregon,
Washington, Idaho, Montana and British Columbia. Exchange sold on London, 1'arls, Derllu,
Frankfort and Hong Kong.
UNITED STATES NATIONAL BANK
OF PORTLAND, OREGON.
J. C. A1N8W0RTH, I'residont. W. 11. AYER, Vico-Presldcnt.
a. m. wmuiu. Assistant (junior.
Transacts a general banking business. Drafts Issued, avallablo In all cities of the United
States and Kuropo, Hong Kong and Manila. Collections made on favorable terms.
MOMHWEST DORMER THIRD AMD OAK STREETS.
NEWS OF THE WEEK!
REDUCE HARRIMAN. POWERS.
Condensed Form for
R. W. SCUMEER, Cashier
THE -PENINSULA BANK hns, que.
Capital, fully paid up, $25,000.00. Surplus and undivided profit, $3,000.00.
Commenced Business June 5, 1905.
OFFICERS: J. W. FORDNEY, President! R. T. PLATT, Vice President; C: A. WOOD, Cashier.
OARD OF DIRECTORS! J. W. Fordney, It. T. Piatt, F. C. Knapp, W. A. Drawer, II. L. Powers,
Thos. Cochran. M. L. Holbrook. U. A. Wood.
"Oldest Hank In the State of Washington."
DEXTER, HORTON & CO.
Capital 1200,000 RA.1XIIef F?f92 Surplus and undivided
Deposits 17,530,000 DArllVEirCO r profits, 1428,000
Accounts of Northwost Pacific Ranks solicited upon terms which will grant to them the
most liberal accommodations consistent with their lalancci and responsibilities. Wm. M.
Ladd, President; N. II. Latimer, Manager; M. W. Pe.crson, Cashier. Beaitle, Washington.
THE FIRST NATIONAL. BANK OP PORT TOWN8BNO
Established IBS?. Collections promptly made and remitted.
HAPPENINGS OF TWO CONTINENTS
A Returns of the Less Important but
Not Less Interesting Events
of the Past Week.
FIRST NATIONAL BANK
FIRST NATIONAL BANK of NorihYmkknm, Wmmh.
OmmMml Met Suemt-m $1SO,OBO OO
UNITED STATES DEPOSITORY
W. L, 8TEINWE0,
FIRST NATIONAL BANK
Vt alia Walla, Washington. (First National Bank In the Btato.)
' Transacts a General Banking Business.
CAPITAL 1100,000. SURPLUS 1100,000.
LEVI ANKENY, President. A. 11. REYNOLDS. Vlco President. A. R. RURFORD, Cashier
THE NATIONAL BANK OF COMMERCE
VHITED STATE DEPOSITARY
s0kmi $aso,omm surmhm $mss,oos
OFFICERS Chester Thome, Pretldent; Arthur Albertson, Vice President and Cashier;
Frederick A. Hlce. Assistant i.'ashler; Delbert A. Younr. Assistant father.
JNO. C AINHWORTII, Pres. JNO. & BAKER, Vice Pres. P. C. KAUFKMAN, 2d Vice Pre.
A. U. PRIOUARD, Cashier. F. P. HASKELL, JR., Assistant Cashier.
THE FIDELITY TRUST COMPANY 13ANK
General BanUae CAPITAL AND SURPLUS, $390,000 Safe Deaeek Vaefta
SAVINGS DCPAHTMCNTi Interest at the Rate of s per cent per Annum, Credited Semt-Annualljr
. TAOOMA. tfVAmtlNOTON
'ALFRED. COOMDOE, Wet ' A. F. MeCLAINE Vice Pres AARON KUIIN, Vice Pres.
CHAB. K. SL'KIBER, Caihttr. D. C. WOODWARD, Astt. Cashier.
THE COLFAX NATIONAL BANK of Oolf mx Wmmh.
Transacts a general banking business. Special facilities for handling Eastern
Washington and Idaho Items.
VANCOUVER NATIONAL BANK Vancouver, Wash.
Leading Financial Institution in Southwestern Washington
UNITED STATES DEPOSITORY
CAPITAL, 150,000 SURPLUS, S50.000 ASSETS. $1,000,000
LEVI ANKENY President; E.O. CRAWFORD, Vlco President) W. P. CONNAWAY, Cashier
LovlAnkenr, Harry Ladd Corbctt, W.P.Crawford, E. 0, Crawford, W.W.McCrcdlo
The Union Pacific will make a tost
caso of tho Nebraska 2-cent rato law.
Butto is overrun with holdup men.
Three and four robberies occur a night.
A now combine is now under wnv
which will control the rubber trado of
Tho South Amcriran war is bolloved
to be over now that tho Ilonduran pres
ident has surrendered.
Austria and Germany aro to confer
regarding their attltudo at tho coming
Hnguo peace conference
Three Los Angolcs Homo Telephone
men aro afraid they will bo indicted by
tno nan irnnotsco grand jury.
Elovon Japaneso faro to be returned
homo from Seattle for coming to this
country undor contract.
Trains in California havoallrosumed
tlioir regular sorvico, as all traco of the
recent washouts havo disappeared.
Tho Thaw jury has disagrood and
been discharged by tho court. A no
trial will commenco in October. Tho
trial has cost tho county and family
juu,uuu. An oiiorc win be ma-Jo to
lot tho defendant out on ball.
Chicago Ducking house men threaten
Union Pacific Director! Ballavn H
Has Too Great Control.
Now York, April 12. Bomo of tho
diroctors of tho Union Pacific railroad
favor a matorlal reduction of tho extra
ordinary powers conferred upon its
president, Edward II. Harriman, which
mako tho company a on o-man affair.
At present tho executive comtnittoo
has ail Iho powers of tho diroctors
whon the latter are not in session, and
Mr. Harriman has all tho powers of
tno executive committee whon Hint
body Is not in sosslon. In other words,
Mr. Harriman can do as ho pleases, ex
cept for tho few minutes onco a week
or onco a month, whon tho commlttco
is in sosslon.
Ho lias a power of attornoy and could
soil tho millions upon millions of tho
securities of othor roads ownod by tho'
Union Pncifle at what price ho pleased,
or ho could hypothecate securities, bor
row tons of millions upon them from
banks and ongaRo in stock market on-
orations on n colossal ecato.
In the hope of appeasing the Union
Pacific stockholders and eliminating
tho public distrust In tho securities of
the Harriman roads, it is nronoaed to
put somo now blood in the exooutivo
committee, reorganize tho body and
adopt resolutions taking away from
Harriman somo of Iho powers
FOR OREGON CLAIMS
Commissioner Balllnger to Rash
Action on Land Patents.
GREAT WRONG HAS BEEN VONE
Assures Senator Bourne That No
Mora Claims Will Be Held Up
on Mere Suspicion.
havo provoked so much oriti-
GIVE GOOD REPORT.
THE FIRST NATIONAL BANK
LEW A. I1UNT00N,
ARTHUR 11. C08TAIN,
Intstrcmt Paid on Time Dpoalt
FIRST NATIONAL BANK of East Grand Forks, Mian.
Farm Loans Negotiated. Firo and Cyclone Insuranao Written. Does a
General Banking Busidess.
Capital, 150,000 E. ARNES0N, Pres 0. R. JACOB! Cashier
4 Pen Gent lntreat Paid on Time Dwpoatlta
THE FIRST NATIONAL, BAINK
OP DUL.UTH, MINNESOTA.
CAPITAL, 0OO.OOO SURPLUS and PROFITS I.IOO.OOO
U S. Oovrrimnt Depositary
Wet Solicit Your Bue)lneaw
f. L. MEYERS
OEO. L. CLEAVER W. L. URENH0LT8
Asit. Cashier Asst. Cashier
La Grand National Bank lAJ&S
Ommltml ssef Surmlmm, $110,000
DIRECT0R8: J. M. Berry, A. B. Cooler, F. J. Holmes, K. M. Ujrrklt, F, L. Keren, Geo. L
Clearer, ueo, raimer.
A now Anglo-Spanish allianco has
Morocco is endeavoring to end French
occupation of Oudja.
Dr. Thompson, M. P., will likoly bo
appointed governor of Klondike.
President Bonllln, of Honduras, hu
surrendered to Nicaraguan Iroops.
Lord Cromer has presented cTrwt
Britain with his resignation as ruler of
Senator Burrows says Roosevelt
would deolino oven if nominated lor a
Topoka, Kan., has set aside a holiday
on which tho people proposo to dig up
all tho dandelions of tho city.
Tho San Franoisco grand jury Is al
most ready to turn in a bunch of in
dictments ugnlnet millionaires.
Tho Kansas attorney gonoral has
started proceedings against all brewery
companies and whiskey jobbers doing
business in tho ctato.
Tho Carnegie institute nt Pittsburg
has been dedicated. It is to be do voted
to fine ails and cost f 0,000,000. Six
thousand torts of marblo alone were
used in Its construction.
The Merchants National Bank:
Of St. Paul. Minnesota
UNITED STATES DEPOSITORY
, Capital, 1,000,000.00 Surplus, 000,000.00
Transacts a general banking bualna
OFFICERS KENNETH CLARK, President: OEO. H. PRINCE, Vlco President; II. W.
PARKER, Cashier; II. VAN VLECK, Assistant Cashier.
DIRECTORS-Crawford Urincston, Kenneth Clark, J. II. Bklnner, Loots W. mil, Geo. H,
Prince, C. tl. Blgelow, K.D. Nores, V. M. Watklns, L. P. Ordwajr. F. B. KelloKS, X. N. Saunders.
Thomas A.Marlow, w. , parsons, J .M. Uannaford. Charles P. Noye.
Our new plant on Front St, bctwMn Seven
teenth end Nineteenth Sti., is the most modern
Engineerinff Plant on the Pacific Coast Work
placed with us will be executed with efficiency
Tho Ruof jury has not yet boon com
April 0 five inches 'of snow fell in
Peary will make another start for the
pole in Juno.
A new labor disnuto has broken out
at Goldfield, Nevada.
Ton Denver men have been indicted
for selling mining stock In a worthless
Governor Glenn, of North Carolina,
declares Roosevelt to be tho ureatost
ruler in tho world.
Governor Folk, of Milloarl, has call
ed a Bpecial session of tho legislature to
pass anti-gambling laws.
Six automobiles are being built in
different parts of the world to uso in
attempts to reach the north polo.
Secretary Taft believes It will bo
impossible to restore the government of
Cuba to iU people before July 4, 1008.
The Canadian minister denies that a
tieaty is being negotiated by the Unit
ed States and Great Britain concerning
(he boundaries between Canada and the
An army officer is to ride one of Dav
enport's Arab horses from Portland to
New York. If its staying qualities
shownp better than those of American
bones a change may be made in caval
Taft and Commlngs are Rooevelt's
ticket for 1906.
Delmas has begun his argument to
the jury in Thaw's defense.
The English house of lords is not
disturbed by the move to abolish them.
Jacob Biis, a lifelong friend of the
president, aay s a third term will posi
tively not De accepted.
The warehouse district of Harbin,
Manchuria, has been destroyed byro.
The loss is placed at $2,000,000.
Congressmen Say Work on Canal Is
Washington, April 12. Chairman
Tawnoy, of tho houso commlttco on ap
propriations and Roprcsontatlvo Olcott,
who havo recontly roturnod from a visit
to tho isthmus of Panama, today dis
cussed with tho prosldont conditions as
thoyvfound them. Mr. Tawney is favor
ably impressed with tho progress 'being
made In tho canal work, and tcld tho
president ho thought that at tho pres
ent rate tho waterway should bo com
pleted in fivo years.
He said lie regarded it as unfortunate
that the engineering world had been
representing to the people that an al
most Imnosilblo cncrlnnerlnir nrnVilnm
confronted it. Tho principal conditions
now to be met, ho said, wore thoso of
sufficient railroad canacltv to take caro
of tho diit excavated, and sanitation
with the view to keenina tho nlaco in
a good, healthful condition.
Mr. Tawnoy also diwussod with tho
prosldont questions affecting congres
sional appropriations for canal work,
and it is likoly somo legislation bear
ing on the subject, will bo recommend
ed to congress an the result of tho visit
to tho isthmus.
PREMIER DEFIED BY PUBLIC.
Questions Authority to Forbid
ring of Statistics.
8t. Poteriburg, April 12. Promler
Stolypln, In attempting to limit the
competenco of tho lower houeo of par
liament by forbidding Its committees to
obtain statietics from tho Zomstvos arid
avail themselves of outsldo export ad-
vloo, has been doflod by the public.
President Golovin had written a curt
lotter to the premier asking him on
what grounds and under what law ho is
entitled to address such demands to tho
imperial parllamont. Tho law, M.
Golopln says, contains a paragraph au
thorising tho lower houso of parliament
to interpellate tho government but no
wheio was thero a reciprocal right on
tho part of tho mlnistrs.
Tho actions of President Golcvin and
tho budget commlttco wore taken after
a long conference between tho president
und leaders of all tho parties In parlia
ment except tho extromo right, and
brings the Issue squarely before the
Tho discussion of tho budget in com
mittee is expected to last from lour to
elx weeks. Tho estimates probably
will be accepted, with minor changes
by tho houso, when presented.
Obey Colorado Laws.
Denver, April 12 Insurance Com
missioner Rittenhouee, who has been
in Indianapolis for several days confer
ring with the officials of the State Lifo
Insurance company, of Indiana, whoso
license to do business in this state was
rovoked recently, telegraphed State
Auditor Btatler yesterday to issue a now
license to the company, which was
done. The company agreed to abandon
its plan of issuing stock to policyhold
ers, which was construed as a violation
01 mo biu iw, resulting in tneir per
mit ueing cancelled.
Navy ts Have Four Bases.
Shanghai, April 12. It is said tho
organised navy of China Is to have four
bases, one on Chang Chow island, one
in the Miao Tao group, a third in the
Chusan archipelago and a fourth on
Hainan island. The scheme Involves
tho outlay of 12,000,000 taels annunal
ly for the construction ot new moderate
sized armored cruisers a number of tor.
pedo boats Md docsa submarines,
Washington, April 13. Land Com
missioner Ualllngor today assured Son
ator Bourno of his intontion of "raisins
flin llilll In rk.... ! 11.. 1 L-
v.iu ... ..a vm-guu, uiunuiug iiihi X1C
intended to tako up and pass all valid
public iand entries that havo long boon
under suspension in that stato.
A great many entries were held up
uy tno 01a aumtniBiration on moro sus
picion that thorn was tomothiutr croak.
od about thorn. Thero was no actual
evldcnco of wrongdoing or wrong- in
tent on tho part of those ontrymon.
Mr. Balllnger will nass to natont evorv
Oregon entry which, unon examination.
appears to bo mado in good faith,, and
tnoso ontrios that aro irregular or show
evidonco of fraud will be examined as
promptly as posslblo and appropriate
Mr. Ballingor agrees with Mr.
Bourno that Oregon has suffered un
justly in Into years, nnd ho is willing
to do everything In his powor to placo
tho state on tho samo footing with all
othors. Ho has hopes of disposing of
all pending entries during tho coming
summer, nnd it is his expectation that
a groat many will pass to patent In
tho noar future
Tho commissioner is rantdlv nuttlno
tho land office on a sound business ba-
bIb, he himself working until midnight
ovcry night at reorganisation. Hois
dotoimincd to mako tho land office a
thorough business institution and bring
its woric up to uato.
DOLLAR SAVES A LIFE.
Testimony While on tho Stand Makes
a Poor Showing.
Washington, April 10. Binger Her
mann literally wont to pieces yesterday
afternoon when subjoctod to cross ex
amination by District Attornoy Bakor.
Whoro proviouo'.y ho had boon calm nnd
suave, though sometimes ovnsivc, ho
frequently oxhibitod temper, whon
pressed with ombarrassing questions,
and repeatedly avoided giving direct
anBwors to questions put to him by tho
prosecuting officer. When nlnnod
down ho mado sovoml roluotant admis
sions that tolleotcd anything but credit
upon him. At other times, though
confronted with documentary evidence
showing what the district attorney
styled violations of tho law upon his
part, Hermann repeatedly denied all
guilt and undertook to explain away
transactions which involved him In va
rious land deals. Tho most pltlablo
feature of Hermann's explanations was
that they did cot explain.
Altogether Hermann showed up in
an extremely bad light. Unless ho im
proves whon tho bulk of the cross ex
amination is conductod, it is ovidont
he will havo dono his causo mora. in
jury than good by going upon tho
Hermann was asked if he had recom
mended Maya' appointment as district
attornoy. He had no recollection of
taking such action. Whon tho docu
ment was produced showing a joint re
commendation o! Mays, signed by
Mltcholl, Dolnh and Ilormann. tho
witness vividly recalled tho crlourn-stances.
MAKE HARRIMAN ANSWER.
America Urged to Qlve 3,000,000
for Chines Sufferers.
Shanghai, China. April 13. Tele
grams received hero from 20 points in
tho famine district reported that the
conditions aro growing worse.
Tho Chlnoso government and people,
up to date, havo contributed more than
four million dollars for famine relief.
and tho sums received from all iorelgn
sources total Half a million dollars,
including tho supplies on their way
Tho relief commlttco hero is prompt
ly sending supplies to tho front, but
the funds are not yet in its possession,
Measures adopted up to dato aro inado
quato. Ten million persons are suffer
ing from lack of food and facing starva
tion. A dollar, tho relief committee re
ports, will savo ono lifo until tho har
vest, Juno 25. and $10,000,000 Is need.
od. Tho wholo amount cannot be
raised in China. Tho situation is (des
perate, and Americans aro uruod to
glvo 13,000,000 in tho next throe
weeks, not for Christian, but for hu-
manitarian works. It Is suggested that
it wouiu bo best to cablo money to the
consul here, James Linn Rodgors, as
supplies can bo purchased In Shanghai.
SANTA FE MUST STAND TRIAL.
Commerce Commission Will Ask
Order From Court.
Washington, April 10. According to
a decMon reached by tho Intcistate
Commerce commission today, E. II.
Harriman will ho made to appear 'in
the Unftod States Circuit court in Now
York In answer to proceedings to com
pel him to answer certain questions
which ho refused to answer when lie
was on the stand at tho recent hearing
by the commission In New York. The
action will be brought as soon as Messrs.
Kellogg and Severance, special counsel,
can prepare the case for court.
The hearing at which Mr. Harriman
appeared was in connection with certain
transactions of the Union Pacific. On
advice of counsel lie refused to answer
tho questions put to him. It was
brought out in the testimony that tho
Union Pad do ownod a large amount of
Southern Paolflo stock. Mr. Harriman
was asked whether any and, if so, how
much of that stock belonged to him
solf, when he bought it and what prlco
ho paid for It, but ho declined to an
swer. Another question which he refused to
answer and that on which the commis
sion desires light was whether or not
any of tho diroctors of tho Union Pa
cific woro Interested In tho salo of cer
tain shares of stock of tho Now York
Central railroad at the time thev wero
Bold to thu Union Paolflo.
DAY SPENT IN CONFERENCE.
Judge Welborn Declines to Quash In
dictments for Rebating.
Los Ani?oles, April 13. In n longthy
verbal opinion, Judge Olln Welborn,
in tho United States District court, de
clined to quush tho Indictments against
tho Sunta Fo Railroad company for al
leged rebating, and Iho company must
stand trial upon 05 soparato counts.
Judgo Wolboni's opinion reaffirmed
tho doctrino sot forth in tho American
Tobacco company caso, that a corpora
tion Is not a person, as defined in tho
fourth and fifth amondmonts to tho
constitution of tho United States, and
muy bo compelled to givo teatlony tend
ing to incriminato itseli.
Judgo Welborn guvo tho defendants
permission to fllo u demurrer, if they
desiro to do so, by April 22,
Buy Off Canadian Sealers.
Ottawa, Out., April 13. Sir Mac
kenzie Bowoll, In iho Bonuto today,
read a cablo dispaU-h from Great Brit
ain saying that an agreement had been
reached bolween tho United State,
Great Britain and Canada, whereby
Canada agreed to givo up doep sea scal
ing rights for a'monotary consideration.
Mr. Scott said in reply that, us far as
tlie Canadian government know, noth
ing had been dono toward abrogating
the agreement made two or threo years
ago as to mo seal iisners.
Smuggled Japanese Caught.
El Paso, April 13. Inspector Shu
mooker, In charge of the Immigration
office here, received a telegram today
telling of the capture of eight smuggled
Japanese. Five were caught at Fort
Worth, one at Pecos and two at Albu
querque, They had escaped across the
border east and west of tho station,
Nicaragua Makes Counter Proposi
tion to Salvador and Guatemala.
Washington, April 10. A day of
conference between Iho Central Ameri
can representatives hnro In their efforts
to reach a basis for peaco had no
marked results. Having deciphered
tho cablo rcsponso from his own gov
ernment to tho propositions submitted
to him yesterday by tho representatives
of Salvador and Guatemala, Sonor
Corea, tho Nicaraguan minister, called
today' upon Sonor Crool, tho Moxlcun
ambassador, who had taken tho part ot
mediator, und acquainted him with
President Zolaya's answer. This iniulu
necessary further conferenco, which fact
was taken us an indication that tho
Nicaraguan rcsponso was In tho nature
of a counter proposition,
Messrs. Coreu and Crool then re
paired to tho Stato department to con
fer with Secretary Root und Assistant
Secretary Bacon. Tills conferenco also
advanced mattors only so far as to puvo
tho way for anothor confoience, which
was held latu In tho afternoon between
Messrs. Creel anil Corea and HorrnnUi
and Mojia, the latter two represent lug
uuatemuia and Salvador, respectively.
Standard's Rival Indicted.
Topoka, Kan,, April 10. H. H.
Tucker, J;., secretary of tho Undo Sum
Oil company, with headquarters in
Kansas City, was indicted by the Fed
eral grand jury this morning on tho
chargo of using tho mallH to defraud.
His urrest at Kansas City, Kan., fol
lowed a writ of capias having bvon
issued. Tho ponalty on conviction
msy bo either a fine of (5,000 or im
prisonment for five years. In Febru
ary, 1005, Mr. Tucker organised tho
Undo Bam Oil & Rofinery comiNiny
and Incorporated under the Arizona law.
- Texas to Close Bucket Shops.
Austin, Tex. April 10. Both
branches of the Texas legislature today
passed a bill prohibiting tho operation
of bucketshops, cotton exchanges or any
dealings in futures In Texas.
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