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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (June 24, 1903)
t THE MORNING OBEGQNlJbf, WEDNESDAY, JUNE 24, 1903. 3 SHIP TRUST SCORED Conceived in Iniquity and Ending in Crime. LAWYER'S PLEA FOR RECEIVER Defense Denies Thnt Ixon Organ ized tlie Conipauy to Defraud the Public and Tlmt Schvrab Con trols the Directors. NEWARK, N. J., June 23. Argument ol counsel in the suit for the appointment of a receiver for the United States Shlp- ' building Company was heard today be fore United States Circuit Judge Klrk patrlck. The hearing in Trenton yester t day disposed of all the affidavits and for- mal papers in the case, and each side was allotted three hours for final argument. ISamuel Untermeyer, of New York, opened for the complainant, and Charles L. Cor Fbln followed for the defense. Mr. Unter- Ixncyer declared the corporation was in- Ifiolvent. U "It was conceived in iniquity, maln- lned by fraud, and is ending In crime, he said. The facts, counsel said, made Kout an overwhelming case, warranting . the appointment of a receiver. As an al ternative plan. Mr. Untermeyer declared if the insolvency were not shown to the satisfaction of the court, the complaln- H ants would claim that the plan of reor ganization was a definite plan to wreck f the corporation, and that the complain ants had the equitable right to cave the court interfere to preserve their hold ings. Mr. Untermeyer maintained that the di rectors purposely misinformed the listing committee of the New York Stock Ex change by presenting the official state ment of tho corporation's affairs so that the bonds could be sold to the public Concluding, Mr. Untermeyer declared that a year ago the company asserted it hi.d cash assets of $10,000,000, but by a scries of brilliant exploits without paral lel in the realms of higher finance, tho treasurer was forced to state that by rea son of the use of this money for the pur chase of plants and subsidiary corpora tions the company was now unable to pay maturing fixed charges due August 1 of $941,000, and $421,000 additional liabilities due on outstanding notes and accounts. By its own admissions, Mr. Untermeyer declared, the defendant had proved the insolvency charges. Mr. Corbln, for the defense, stated that but one of the complainants, Mr. Conk- lln, had shown any Interest in the com pany, and even that was small. There was no proof of the contention that Mr. Nixon organized the company with tho Intention to defraud the public, "nor that the officials were responsible for news paper publications by which the com Ilalnants alleged many had been induced to purchase stock. The prospectus to which the complain ants referred was not Issued by the com pany, which was not in existence at the time. Nor was there any proof as to the terms of the agreement made with Mr. Schwab as set forth by tho complainants. r nor that the assets were not worth $10, 000,000. nor that the directors were con trolled by Mr. Schwab. Mr. Corbln held that the statements of the committee on reorganization could not be considered proof of Insolvency, and these were the only things in the shape cr sucn proof offered by the complainants, Receiver for Lnrpc Corporation. CHICAGO. June 23. Banknintrv wn. : cerdlngs against the United States Loco motive Cornoratlon. an Illinois ennrom r. hav ing a plant at Hammond, Ind., were t becun bv tho eritrfltnrs In tlio lTnH V States District Court today. Judge Kohl- saat appointed Edwin D. Porter, of Chi cago, receiver for the corporation, with bonds of $100,000. At the same time Mr. Porter was also appointed receiver for tho firm of Torbert & Pcckham, the prede cessors of tho United States Locomotive Corporation. The assets of the latter or ganization are in the neighborhood of $300,000, but tho liabilities are unknown. Schirnb Is Likely to Resign. NEW YORK, June 23. The Evening Post savs it was ronorted in W'nll stroof this afternoon that the resienatlon of ! Charles M. Schwab as nrw;Mnt nf thu KTnlted States Steel Corporation would iprooabiy be announced tomorrow or be- lore me ena ot tne week. The story was credited in some quarters, where excel lent Information is sometimes obtained, but the rumor could not be confirmed. : aurf-Compnny Receivership Ends. ST. LOUIS. Juno 23 Jii1ir -Rim T ( Adams, of the United States District i. Court, todav released United StntM Mor. !shal Morsey as receiver of the defunct John J. Ryan Turf Investment Company, its affairs having been settled. The assets or paid about 15 per cent of the deposits, ana were distributed among 12, 000 claimants. Aside from local patrons, , Ohio had more than any other state. Scurrab Will Xot Resign. N"EW 'TO'R'K" .Tiinp 5 A ofm 1ttci rfi-on mif nnlnkf .c t Mr, Schwab that he has no intention of 'resigning tho presidency of the United I States Steel Corporation. It was added I: that Mr. Schwab was in excellent health. ana was at tne steel corporation s office dally. LAST HONORS TO POND. G. A. R. Post Pays Tribute to One of Its Honored Member. NEW YORK, June 23. The funeral serv ices over Major James Pond were held today at the family residence, Jersey City. The funeral rites of the G. A. R. were .performed by the officers of La Fayette Post, of which Major Pond was a member. The Interment will be private in Wood lawn cemetery tomorrow. The Biggest J&tt Price Sale of Oriental Rags Portland Ever Saw Every ORIENTAL RUG in the house reduced for this great sale fourth floor take elevator. .50 STAPLE BLACK GOODS All the regular $1.50 lines. 44-lnch widths, the season's newest weaves first floor annex sale con-tf? nq tlnues today at, per yard....Mv Funeral of Explorer du Chnlllu. NEW YORK. June 23. The funeral serv ices of Paul du Challlu. the explorer, were held tonight In tho Park Presbyterian Church. Delegations were present from the American Geographical Society and several Swedish benevolent societies of New York and Brooklyn, of which JMr. f Da Challlu was a member. The body will be interred in oodlawn cemetery tomorrow. GOODS All the newest weaves of most popular materials, -first floor annex sale continues today, at, per HQr yard $.50 Strap Slippers For misses or children, patent or kid leather, $L50 grades In sizes H to 2 for 9Sc; sizes 6 to 11. worth $1.25. for (today in shoe section, first ftO floor), per pair UJC Olds, Wottman & King k Fif th. and "Washington Streets The '"Different Store" PROGRAMME OF EXERCISES FOR WEDNESDAY'S CLEAN-SWEEP SALE 'Dif- A few hot stunts in physical bargain-culture the ' ferent Store" is showing its running mates. A few oracular reasons why this store is running; away from all others, eclipsing; all former records of its own and blazing: a" new way to the frontier of modern merchandising;. The Olds, Wort man & King guarantee with every sale "yout money's worth or your money back," cheerfully and without argument. I .Just Received tlfS Price $l'.OS I aiHs?BB'CT OUR STORE WILL CLOSE FOJ? fa $1.25 SHIRTS Plaited or plain fronts today in CQ. the "men's store," first floor.. .JC 7c- DRESS PATTERN CALICO In domestic aisle first floor sale continues today, per A yard "TSC $.25 NEW SILKS Immensce assortments of silks, $1.00 and $L25 values, first floor annex sale continues today at, per tZQ yard Jyc vp.uu w xi or as For Women Today In the busy shoo sec-tf; i.2 tlon, first floor ip.'TO Funeral of IV. Van Benthnyaen. JLOOMFIELD, la., June 23. A special car carrying tho family and remains of "William Van Bcnthuysen. accompanied by John Corwin, of the Chicago Tribune, and Lieutenant O'Connor, of the Chicago police, arrived today over the Burlington. The funeral took place at the home of Judge "William Van Benthuysen, Sr., father of the deceased, at 4 P. M. It was conducted by Rev. J. C. "Wilson, pastor of the Presbyterian Church here. .Jewels Lout In Huiiavray Found. NEW YORK. June 23. Mrs. Henry Siegel, who was injured In a runaway accident yesterday at Mamanock. was re ported to be recovering today. A bag of Jewels, valued at $5000, which Mrs. Siegel lost at the time of the accident, was found by the coachman of J. R. Segeman. president of the Metropolitan Life Insurance Company, and has been restored to Mrs. Siegel and a reward of $500 paid. 35c WOMEN'S FANCY HOSIERY i Underwear and hosiery section, first floor, sale continues to- lOi-f day. per pair '2C $ 1 .75 Summer Kid Gloves l-clasp, gusseted. fresh, new stock and best make, today at gflovef 9Q counter first floor per pair 4 J $X.75 WASH SKIRTS In black or colors percales, ging hams and lawns second floor an nex, sale continues today JQq, 50c CUSHION TOPS Splendid 50c values, second floor YQ Sale continues today at, each- c 75c VEILINGS Black and white, brown and fancy mesh, colored chiffon, dotted nets, etc values from 25c up to 75c yard lirst floor sale continues to- CT day, at, per yard ; -JC WOMEN'S $38.50 SUITS, $ J 8.85 i Wool Waistin SECOXD FLOOR. HOUSECLEAMNG IN THE "WOMAN'S WEAR SALON WOMEN'S STREET SUITS FOR ABOUT HALF. Store-cleaning time is here. We're a little ahead of the prosy stores as usual, but we're in earnest bound to clean up before the buyers go East two weeks hence. Here, then, we, launch an avalanche of splendid, matchless bargains. An array of fascinating, forcible price-facts that must send you here in a hurry if you'd save money and a lot of it on your ready-to-don garments. We've bunched a lot of STREET SUITS and shall offer them this morning values from $25 to $38.50 in Etamines, Cheviots, Venetians and Novelty Cloths, colors of blue, black, gray, green, tan mired, gray mixed, blue mixed and black and white mixed, nearly all of this season's makes, a few of last, but every one right for wear now and for months to come all at one price for the bal- o o r ance of the week O e O A FEW ETON JACKETS, values to $2.50, for $2.49 SILK PETTICOATS, values to $20.00, for $7.95 BOODLER WILL CONFESS EX-MISSOCRI LAWMAKER SAYS HE IS COXSCIEXCE-STR1CKEX. Attorney Folic Will Receive Ills Tes timony Today Grand Jury Con tinues It Investigations. ST. LOUIS, June 23. Circuit Attorney Folk today received a letter from an ex State Senator whose term expired In Janu ary, stating that he would be here tomor row and confess his misdeeds while a member of the upper branch of the Gen eral Assembly. In his letter he stated that his conscience had been hurting him and he did riot care to stand tho strain any longer. Mr. Folk refused to give the man's name. To do so, ho said, would be to subject the repentant official to every sort of pressure from his former confed erates in boodllng, if he had any. According to the assertions of one insur ance man who Is familiar with the opera tions of legislation affecting his Interests, tho various Insurance companies have spent ?33O,000 during tho past 20 years to defeat and pass legislation In Jefferson City. The biennial assessments became such a drain on the companies that four years ago they rebelled when a demand for 540,000 was made to defeat the valued policy law, and no money was paid. Since then no money has been paid by the insurance companies. Adolph Rosenthal, a member of the lobby four years ago, was before the grand Jury today, and has been summoned to appear again on Thursday. Louis C. Nelson, brother-in-law of ex-Governor Lon V. Stevens, was also before the grand Jury, but It was said nothing of impor tance was learned from him. The evidence learned today by the grand Jury pertained to the alum, transit and. Insurance deals. Messrs. Rosenthal and Nelson were questioned. It is said, about boodllng in the Legislature when a bill was passed making the consolidation of the St. Louis street-car. lines possible. It will be brought out that besides a boodle fund approximating $150,000 large blocks of stock In the consolidated com pany were held out as inducements to the legislators for their votes. Frederick Asmuth, local manager of the Winder Machine Company, another wit ness, was Questioned about the alum boodle deal and boodllng In connection with Insurance legislation. Among the witnesses. summoned by Cir cuit Attorney Folk for appearance before the grand Jury tomorrow are ex-State Sen ator Fred W. Mott. of St. Louis, and Charles Lemp, of the Lemp Brewing Company. sary for the acquirement by Cuba of such private lands as are necessary for the pur poses of the stations, the same to be de ducted from the $1000 annual rental due to Cuba. TROOPS TO STRIKE SCENE Governor Will Supjire.iH Street-Car Riots at Richmond. RICHMOND. Va., June 23. Governor Montague this afternoon ordered the Seventieth Regiment, the Richmond Blues Battalion and the Richmond Howitzers, an artillery company, on duty tomorrow, to aid In maintaining order as against tho street-car strikers and their sympa thizers. There has been much rioting during the day, as a result of the strike, and the situation is unchanged. Nobody has been seriously hurt as yet. All Is quiet tonight at the carbarns of tho street railway company In the east ern and -western extremities of the city. Militia is on guard there and is patrolling the town, particularly along the railway lines. Some of the troops from outside points have arrived. Others are expected at any minute. All will have reached the city by 8 o'clock tomorrow morning. No cars are being run tonight. It looked at 11 o'clock as If the night would pass with out disorder. STRIKERS STOXE XOXUXIOX 3IEX. Police Finally Push "With the Men ThronBh the Crowd. PHILADELPHLV, June 23. The first disturbance in connection with the textile strike occurred tonight at the Franklin Dye "Works in tho Kensington district, where ten nonunion men. all of them Polanders, narrowly escaped injury at the hands of a mob of 2000 men and women. The strikers had learned that the nonunion men had been engaged by the company and they gathered around the place. The police were telephoned for and decided to take the ten men away. "When the nonunion men, under pollco escort, appeared on the sidewalk, the crowd pelted them with stones, clubs and missiles. The police fought their way through the crowd and got the men safely away. Some of the attacking iparty re ceived, battered heads, but no one was i ocriously hurt. The police made three arrests. FLOODS WIPE OUT TOWNS RIO GRAXDE IS SIX MILES WIDE IX XEW MEXICO. Three Mexican Settlements Have to Bo Abandoned Colorado Is Xorr IIlKhcr Than for Years. EL PASO. Tex.. Juno 23. The Rio Grande at Berlno, N. M., Is six miles wide. Santa Fe trains are coming in over the Southern Pacific tracks. It Is report ed here that the channel has changed twice In 20 miles above El Paso. The cur rent crosses the Santa Fe track twice In less than a mile of territory. All the Mex lean settlements near Sierra Blanca. Tex.. have been swept away. Berlno and xther towns. In New Mexico have not been heard from for several days. Colorado Higher Than for Years. PHOENIX, Ariz., June 23. It is report ed that the Colorado River Is now higher than lor many years. It is more than two miles wide at Needles, and steamers are landing freight at Roberts' Ranch. two miles Inland. Ranches and ranch- houses along the Mojave bottoms are un der water, and It Is expected that heavy property" losses will follow. REPAIRS ABOUT JULY 15 ABOUT SEPTEMBER 1 The list of bargains tKat we -orint is merely a hint. When yem con sider that otir entire stocK everything on pur counters and shelves is marKed down that whole lines of goods are be ing sacrificed you will realize the im mensity of the occasion. Our stores will be closed for weelis and we must close' out everything before July & jz? 27-inch All-Wool Fancy Waistings, in cream, light blue, pink, red, cardinal, navy, fmf' black, regular 65c quality, at. O 4 'T 27-inch Striped Scotch Zephyr Flannels, QQr regular 35c, at Jet& All-Wool Waistings Reduced. Ladies' and Misses' Colored Sunbonnets, ruffled edges, navy, cardinal, blue, white, "f pink, regular 25c at JLjx 25c Men's 5ox at 18c Men's fancy and plain black Half-Hose, lace effects, neat stripes, dots, figures, side clocks, double sole, high-spliced heels, guaranteed fast It va&.ISc, 3 for 50c All Men's Sox at reduced prices. 20c Men's Linen Men's all-linen Handkerchiefs, full regular size, hemstitched borders. All Men's Handkerchiefs reduced. aces "3. I ons CUBA MAY RETALIATE. American Opponltion to Reciprocity EndanRern Treaties. HAVANA, June 23. News received here of renewed opposition of the protection ists in tho United Spates to the confirma tion of the Cuban reciprocity treats is particularly unwelcome in Cuba at this juncture, as it had been hoped that the Cubau Senate before the adjournment of the present session -would ratify all tho treaties pending with the United States. Although Cuba is bound under the Piatt amendment to carry qut the other pending treaties, it is feared that some Senators may make the additional diffi culties that the reciprocity treaty Is en countering at Washington an excuse for letting the ratification of other treaties go over until the "Winter session of the Cuban Congress. The treaty covering the leases of naval and coaling stations to the United States, the signing of which is expected to take place today, provides 'that the United i States shaU advance any moseys necee- Dnbnqne Street-Car Strike In Settled. DUBUQUE, la.. June 23. The strike, of the Union Electrical Company's con ductors and motormen was settled tonight through the good offices of the municipal affairs committee of the Dubuque Club. The committee agrees to reinstate all strikers and give clearance cards to Dcvereaux. Noonan and Hennessy. -whose discharge caused the strike. The militia will withdraw tomorrow. STATE FLOOD-RELIEF PLAN! Kantian FarmerH "Will Be Advanced Money on Promise to Repay. TOPEKA, Kan., June 23. Senator F. D. Smith will Introduce a flood relief meas ure In the Senate, fdllowlng the lines of the precedent established In 1S01, when an appropriation was made to furnish seed for the settlers In Northwest Kansas who had lost their all by droutiu He would require those to whom money Is supplied to give a note therefor, without Interest, due October 1, 19M, and when It is col lected the money shall be returned to the state treasury. This plan will require a -mill levy to meet the appropriation. It would mean to the average taxpayers over the state a tax of 40 or 50 cents. Must Let Strikebreakers Alone. MINNEAPOLIS. June 23.--Judge Loch ren, of the United States Circuit Court, has issued a temporary Injunction re straining the Longshoremen's Union of Duluth from threatening or In any way intefering with nonunion men in loading and unloading freight at the Northern Pa cific docks. The strikers -went out on a demand for 40 cents per hour, the present scale being 30 cents. Sympathetic Strike for Builders. NEW YORK. June 23. Tho executive board of the Mosaic and Encaustic Tile Layers' Union today called a sympathetic strike against all employers In the Build ing Trades Employers Association, who have shut out any of the other unions af filiated with the Board of Building Mechanics. OPPOSES STATE-FLOOD FUND. Governor of Kansas Is Working Apralnst an Appropriation. TOPEKA, Kan., June 23. Governor Bailey tonight declined to give an Intima tion as to the contents of his message to the Legislature. The special session will convene tomorrow. The Governor Is using his influence against the plan to appropriate 5500.000, or any other sum to give to flood sufferers. He believes an ap propriation Is not necessary, and it Is his opinion that an appropriation would re sult in harm, rather than good. St. Lonis Refugees Return Home. ST. LOUIS. June 23. The East St. Loul3 Relief Association today helped a number of persons to jeturn to their homes. President Keeched says the work of relief Is now greater than ever before. Secre tary J. J. Reeder. of the Flood Relief Association, reports the collection of more than J45.O0O for East St. Louis flood sufferers. General Relief Fnnd Is $35,000. TOPEKA, Kan., June 23. The commlt- i tee appointed by Governor Bailey to dls j tribute the general flood relief fund held I a meeting at the Statehouse today. The muiiiu lie. iuxa Ait uig uciuuutuuuu Ui. 000 to distribute in the flood-stricken district. Valenciennes Laces, 5 inches wide, many "g styles, 40c and 50c quality, at Torchon Laces, new patterns, 3 inches wide, regular 8c, at Cambric and Nainsook Flouncings, 6 to 12 inches wide, regular 50c, at White Cotton Applique Lace, all new styles, regular 25c, at Black Chantilly Wove Lace Bands, regu- "S lar 40c, at '. C Best Satin Taffeta Ribbons, 6 inches wide, vhite, black ana all colors, regular boc, at Satin Taffeta Ribbons, 4M inches wide, white, black and all colors, reg. 40c, at. . Fancy Pique Stocks, in many attractive 0 styles,$l qualities at 49c; 40c qual.,at..-i-,-All Ribbons, Laces and Embroidery reduced. it9(tiistttsit,eites eaoeeeaaeoeee Infants' Swiss and Mull French Caps, hem stitched tucKS, lace frilling, insertions and fancy stitching, regular $1.00, at. . Infants' Long Bedford Cord Coats, double and single capes, fancy ribbon and C&l cord trimmed, regular $2.75, at...P7 All Infants' Goods at reduced prices. ei 19x36 Hemmed, Huck Towels, reg- 1 0 J ular 18c at i2'1- 16x33 Hemmed Huck Towels, reduced q 25x52 Extra Size Bleached Turkish Towels, reduced to JLi 21x42 Unbleached Turkish Towels, re- duced to AO- $1.00 White Crochet Bedspreads,-re- J duced to IZJ Bedspreads, patent satin, actual measure 80x90 inches, regular $2.50 values, jJ 54-inch Swiss Spachtel Bureau Scarf, J Of regular 35c, at J All Linens reduced. Roses, Violets, Bouquets and Foliages, "I former prices 50c and $1, your choice at v Trimmed White Duck Hats, regular 75c, at. ..49c Children's Trimmed. Hats, mixed braid flats, pret tily trimmed with small field flowers Q and ribbons, regular $1.50, at J All Millinery reduced. White Shirtwaists Ladies' Fine White Shirtwaists of lawns and Oxfords, reduced to . . All Waists reduced. 69c Bargains Ladies' all-pure-linen white Hemstitched Tp Handkerchiefs, regular 12c, at Ladies' all-pure:linen, lace trimmed Handker chiefs and fancy colored embroidered Shirt waist Handkerchiefs, regular 20c, "I $r A-T V. at . Children's plain white hemstitched J-inch hem Handkerchiefs, regular 7c, at All Handkerchiefs reduced. .4c sB09a3iti((t((itsia this city, to make the Investigation. The InvcsUgation is based on charges made by certain Kiowa Indians, including De- los K. Lonewolf, a Kiowa living at Ho- bart. that of the 2379 allotments made to i persons purporting to belong to the '; Kiowa. Comanche and Apache tribes under the act approved June 6. ,1900, a ' number of the allotments were Illegal. ! and more allotments were made than ; there were Indians. Member of British Parliament. LONDON, June 23. Sir Joseph Wh It well Pease, Bart., member of parliament for Durham City and Chairman of tho Northwestern Railway Company, died to day of heart failure, aged 75. Investigation of Indian Affairs. "WASHINGTON, June 23. The Presi dent has ordered a thorough investigation of the affairs of the Kiowa and Co manche Indian reservation in Oklahoma, and has appointed Francis E. Leupp, of JtfRS. ROOSEVELT AT HOME Oyster Bny'ii Plans for Reception to President Are Complete. OYSTER BAY, N. Y., June 23. Mrs. Roosevelt arrived here at 9:10 o'clock by train, accompanied by a maid. Super intendent Noah Seaman, of Sagamore Hill, met her at the station with a carriage. There were few at the station when she arrived. Final arrangements for the reception to the President on this coming Saturday have been completed. The most import ant feature of the welcome will be the unveiling of the Civil "War trophy gun by the President, and the parade of school children. Each child will be provided with a small American flag, and Just before the gun is unveiled they will sing a new Na tional Hymn, "God, Save the President-" A brief address of welcome will be made by the president of the Board of Trade, and the President will be escorted to the Town Clerk's office, in front of which he will unveil the gun. '"Tralflc Manager Resign. SALT LAKE. June 23. Assistant Gen eral Traffic Manager S. H. Babcock, of the Denver & Rio Grande system, has tendered his resignation, to take effect July i. Mr. Babcock retires td private life. On Monday he leaves for California with his family to pass the Summer. One of the FoBRden of the Redraen. NEW YORK. June 23. Louis Ingwer sen, former agent in New York of the German Immigration Society, and later FURS CLOAKS AND SUITS 283-285 MORRISON STREET THE LAST WEEK JUNE CLEARING SALE i lor u its A SPLENDID OPPORTUNITY "We are offering every Tailor Suit in this store at practically nearly one-half their real value. The following special prices should, in duce the most economic buyers to pause and consider: $20.00 Suits for. . $25.00 Suits for.. $27.50 Suits for.. $30.00 Suits for. . $35.00 Suits for. . $40.00 Suits for. . .-$15.25 ,.$18.75 -$20.25 ..$22.65 ..$24.65 ..$29.00 $45.00 $50.00 $55.00 $60.00 $65.00 $75.00 Suits for. Suits for. Suits for. Suits for. Suits for. Suits for. ..$32.25 ..$34.00 ..$36.35 ..$39.75 ..$42.65 -.$46.85 Repairing of Fur Garments Now is the time to have your furs repaired or remodeled and by so doing saye from one-fourth to one-half the regular price. of the A. T. & S. F. and the New York j the founders of the Improved Order oC Central Railroads, is dead at his home in I Red Men. and supreme vice-commander ot Yonkers, aged 5S years. He -was one of j the order.