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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Oct. 22, 1903)
THE MOKNIKG OKEGOjSIAIS, THUESDAY, OCTOBEK 22, 1903. 3 PAYNE OUSTS THEM Postal Officials Removed for Irregularities. EXTRAVAGANCE WAS GROSS Superintendent of Supplies Also In fluenced ATViirdlnj? of Contractu lo His Friends Cleric "Who Aided Beavers Ilelleved. WASHINGTON, Oct. Postmaster General Payne today removed from office Michael W. Louis, superintendent of sup plies of the Postoffice Department; Xiouls Kempner. chief of the registry division of the Third Assistant Postmaster-Genoral'a office, and C. B. Terry, a $900 clerk In the Postoffice Department, and directed tho Postmaster at New York to remove Otto Wels, a. clerk. These removals are the first result of fourth. Assistant Postmaster-General Brls tow's report on the Irregularities In the Postoffice Department. Information on the contemplated discharges did not leak put at tho department until after 4 o'clock, Kd at 4:20 the Postmatser-General made official statement of his action: "Michael I Xouls has been relieved frqm Ihe dfflce of superintendent of supplies because the recent official investigation 'fchowa ho influenced the awarding; of con tracts for supplies to favored bidders; that be has been extravagant and wasteful in the administration of his office, and that fae had paid excessive prices for supplies to favored contractors. "liouls Kempfner, superintendent of the registry department, has been removed ;for incompetent and negligent administra tion; for wasteful and reckless extrava gance in sending expensive manifold reg istration books to a large number of small iourth-class postoffices, and for violating the revenue laws by a system of petty smuggling. "C. B. Terry, a clerk in the division of supplies has been removed for making false affidavits; attempting to obtain money from clerks under the guise that 2ie could influence their promotion, and general inefficiency." In reply to questions, Mr. Payne said the discharges were the result of disclos ures made by tho. Bristow report. "I have read the report," he said, "and am free to ay that my action today- was the result of its perusal." He decllntd to eay whether there would be other removals, but it Is understood that while a few others may follow there may not be any wholesaled dismissals. "Wels. the New York clerk, who has boon relieved, is said to have enjoyed connden tlal relations with George W. Beavers, ex superintendent of .the -salary and allow ance division, and he is charged with hav lng acted as a medium through which oth er clerics In the New York Postoffice were communicated with. Terry is from In diana. He was temporary clerk in the Postoffice Department and was afterwards removed. He made charges that he had been discharged from his position , by John M. Masten, then chief clerk of the First Assistant Postmaster-General, but now assistant superintendent of the rail way mall service, because he refused to give money to Masten for his retention, and the President directed his reinstate ment. It is understood that the investiga tion failed to,substantiate Terry's charges, and his permanent removal is the result of that failure. i . Tho possible effect of the Brtotow in quiry upon the fortunes of Louis and Kempner has been much discussed. Both havo been In the postal service some years. Stern Kelensed on Ball. WASHINGTON, Oct. 2L Leopold J. Stern, of Baltimore, who was indicted for all complicity in the postal frauds, was released on $5000 bond today. The preliminary hearing in Stern's case was continued In the Police Court today, but had not been concluded when the court adjourned. The hearing will be resumed Friday. PATE OF FIELD IS SEALED. ICnox Atlvluet Aprnlnst Reopening: of Vermont Jlarnlinl's Case. "WASHINGTON, Oct. 2L Attorney-General Knox today decided to advise the president not to reopen the case of United States Marshal Field, of Vermont, recently dismissed for neglect of duty In connection with liberating Chinese who were being deported to China. The deci sion was reached after a hearing was given the Vermont delegation in Congress who urged reconsideration of the case. Successor to Field. Xamcfl. WASHINGTON, Oct- 21. The President lias appointed Horace W. Bailey, United States Marshal for Vermont, to succeed Fred Field, dismissed. Internal Revenue Receipts Decrease. "WASHINGTON, Oct 2L The monthly report of tho collections of internal -revenue shows that for -the month of Sep tember, 1903, the total receipts were $13,-. TOS.241, a decrease as compared with Sep tember, 1902, of $177,125. NIXON TELLS SECRETS. predicted Failure of siiip Trust, If SchTr-n-.I -lUr-Vny. NEW YORK, OctT 21. Lewis Nixon. Tvho, from a 'naval constructor, became a builder of warships and the president of the United States Shipbuilding Company, ' was tho principal witness today at the continuation of the hearing before Exam iner Ollphant as to the affairs of the de funct corporation named. He did uot fin ish his recital, but In the three hours that he was on the stand he went over much of the history of the corporation, and the acts of the, men prominent in its history. He confirmed the claim of the bondholders that Max Pam.' counsel for Charles M. Schwab, who suggested a number of direc tors for the combination, and said the proposed expenditure of $2,802,000 for im provements at the Bethlehem steel works had been approved by the directors over his protest and warning that the action might, in the end, leave the corporation without funds and wreck it. Mr. Nixon swore that after this expendi ture was approved, he made several at tempts to secure a meeting of the direc tors, and Mr. Schwab had finally told him he had instructed the directors to remain away from a meeting. An effort was made to show that the directors elected at the suggestion of Mr. Pam had not been stockholders, but likely the young men of the Corporation Trust Company of New Jersey, who served In the early days of the combination and had been given shares enough to qualify, but Mr. Nixon had no personal knowledge of the transaction. Mr. Nixon testified that, by resolution of the directors passed In December last. Mr. Pam was given a salary of $18,000 a year, which was dated back to the pre ceding September. Ho also testified that, besides his bonus tiB an underwriter and the sums paid for the Bethlehem proper ty, Mr. Schwab received a share of the promotion money, part of which he gave to Charles Gates, of the brokerage firm of Harris, Gates & Co. Samuel Untermeyer, for the bondholders, endeavored to prove by the witness that during the negotiations for the purchase of the constituent plants no one looked nfter Urv interests of the shipbuilding company, j but figures and reports of John W. Young, the promoter, were accepted. Mr. Nixon said no independent appraise ment or Investigation had been made, and disclaimed all responsibility for the nego tiations and financial part of the combina tion plan. It was brought out In the testimony of Mr.' Nixon that misleading statements as to the personnel, of tho directorate had beeti made In the prospectus issued in July, 1902, and that Young had taken the options in his name. According to Mr. Nixon, secrecy was observed in paying the venders only because Promoter Youns did not want them to know what was be ing paid for each plant. Charles Canda was the only other wit ness of the day, taking the stand before Nixon was called. He testified that the Canda Manufacturing Company, for which $1,100,000 in cash and securities was paid, had a' plant at Carteret, N. J., built for the manufacture of car wheels, but that the plant, would have been useful In con nection with some of tho operations of the shipbuilding combination. Charles M. Schwab and Max Pam attend ed the hearing today. They came to be sworn, but remained interested listeners to all the testimony. They will testily later In the week. Ship Trust Falls to Meet Lair. SACRAMENTO, Cal.. Oct. 2L This aft ernoon Secretary of State Curry sent a le'ttcr to Governor Pardee informing him that the United States Shipbuilding Com pany, of San Francisco, had failed to file articles of incorporation, as required by law. To Reorganize Steel Companr. NEW YORK. Oct. 21. At a special meeting in Jersey City, tho International Fire Engine Company has amended its by-laws and reduced the number of direct ors from 25 to 11. While the plan of re organization Is designed to become effect ive October 29, Presiaen. Clarke said this period might be extended to give some delinquents an opportunity to agree. Money to Reorganize Steel Concern. PITTSBURG. Oct. 21. Payment has been made, into the Union Trust Company of $2,100,000, which is .the capital neces sary to perfect the plans of the reorgan lzed United States Steel Company of America, and to provide for the floating debt of the Clalrton Steel Company. Tho annual meeting of. the Crucible Steel Com pany will be held In Jersey City today. CAN'T AID OREGON. (Continued from First Pago.) to include citizens of more or less promi nence In all three states. Tho exposure mado by The Oregonlnn, a summary of which appears In Eastern pa pers .this afternoon, is said to be, in all its details, a remarkably accurate statement of the case, lacking only the names of the persons accused. These persons, while acting individually, havo yet acted in uni son, making the Pacific Coast a common ground for their operations. It la true their graft has been largely interfered with by the large withdrawals of lands for forestry purposes, but aside from these areas the ring has found aq abundance of valuable timber land, particularly in Southern Oregon and Northern California on which to file. Miss Ware, the indicted United States Commissioner at Eugene, is one of the Government officials who is alleged to have become a tool in the hands of this ring, and, from what little can be learned. It is believed others in like positions also lent themselves to the schemes of the grafters, and thereby Involved themselves in serious difficulties with tho Interior Department. Some of the information that leaked out of the Lakeview land office, in tho recent investigation, made Its way into the hands of men who were a part .of the newly discovered ring. Secretary Hitchcock ear ly became convinced that there was a leak In the General Land Office which enabled speculators in Oregon and other Pacific Coast States to obtain advance informa tion that would be. valuablo to them, in the event forest reserves were created along lines of impending withdrawals. This Is particularly true of the Blue Mountain withdrawal, and In all probabil ity interesting disclosure will be made as to tho .operations of tho ring in that lo callty. However, for the most part the ring was after the more valuable lands west of the summit of the Cascades, and it was in acquiring title to these lands that most of the frauds unearthed were perpetrated. Until tho principals In the Ting have been arrested, tho exact details of their operations will not be known, but it is believed tho arrests will be nude at ncremote day. GLAD TO SEE OREGON SENATORS. President Accords Tliem Hearty Re ception No Patronnjre Talk. OREGONIAN NEWS BUREAU, "Wash ington, Oct, 21. "Dollghted." This was President Roosevelt's hearty exclamation, as he went Into his office this morning to welcome the Oregon Senators, who had called to pay, their respects. The recep tion accorded them was most cordial. The visit was entirely personal. No mention was made of matters of patronage, nor no reference made to late differences over the La Grande affair. The Senators congratulated tho Presi dent on tho happy outcome of the Alaskan boundary negotiations and after a brief chat departed in. the best of spirits, ap parently forgetting all unpleasantness that arose during the recess. HONOR PORTLAND MASONS. ScoUImU Rite Order NnmcH Three Nevr InHpectors-Gencral. OREGONLVN NEWS BUREAU, Wash ington, Oct 2L The Supreme Council of the Ancient and Accepted Scottish Rite of the Southern Jurisdiction of the United State? today announced the list of new honorary Inspectors-general, Including the following: Oregon Henry L. Pittock, Melvln a George and Joseph A. Sladen, all of Port land. Washington William H. Scuff, Spokane; Fred H. Hinckley, Seattle; Richard A. Kettnor, Seattle. Idaho Everett G. Cummlngs, Lewlston. Cleric in Boise Office Dismissed. OREGONIAN NEWS BUREAU, Wash ington, Oct 2L B. Clyde Eagleson, a per diem clerk, in the Surveyor-General's office at Boise, Idaho, was dismissed to day, his sen-ices being no longer needed. His record in' office has been quite unsat isfactory, s Rural Route for IVaahlntrton. OREGONIAN NEWS BUREAU, Wash ington, Oct 2L An additional rural free delivery route will be established Novem ber 16 at Fairfield, Spokane County, "Washington, with one 'carrier. rVcTr VnshInjrton Postmaster OREGONIAN NEWS BUREAU. -Washington. Oct. 2L Charles Fish appointed postmaster at Austin, 'Wash., vice T. H. Marshall, removed. Vcternn of the Civil "War. CENTRALIA, 111., Oct 2L Major P. S. Tufts, president of the Illinois Mexican Veterans' Association, "and a veteran of the Civil "War, died today MONEY KINGS MEET Bankers' Begin Their Annual Conventiopf W.-RH WELCOME BY CALIFORNIA Currency Committee Present Re ports Urging? That Cnstoraa Duties Be Deposited In Localities Where They Are Collected. OFFICERS ARE 3TOMTNATED. NOMINATIONS The committee, com- posed of ate. to representatives, will report as follows: For president, F. Blgelow, of Milwaukee; for first vice president. E. F. Swlnney, Kansas City, Mo. An executive committee of 10 members was also named by the committee. MEMBERSHIP Bankers to the num ber of 70G5(are actively affiliated with the association. They represent an aggregate capital of $10,517,230,403. SAN FRANCISCO, Oct 2L-Standlng In tho midst of stage settings lavishly adorned with the choicest of California flowers and greenery and draplngs of the National emblem, President Campbell Hardy this morning called to order, in the California Theater, the 29th annual con vention of the American Bankers' Associa tion. The attendance, In view of the small numbers at the section meetings yesterday, was highly pleasing to the officials of the association. The lower floor was well filled and many delegates were in the upper galleries. The opening session was enlivened by a very spirited controversy on the question of tho association branching out into the fldollty Insurance business for tho purpose or oonaing employes, and the Issue was made all the more interesting by the pres ence of diverse reports on the subject, the executive council reporting against adop tion or tne proposed plan, and the fidelity Insurance committee advocating the early sanctioning of such scheme. After prayer had been offered by Right Rev. William Ford Nichols, bishop of the Episcopal diocese of California, addresses of welcome were made by Mayor "Schmltz, on behalf of San Francisco; by James D. Phelan, representing the bankers of the city, and by Governor Pardee, speaking for the state. President Caldwell Hardy made a happy response to the triple welcome and then proceeded to the reading of his annual address. The annual report of Secretary R. H. Branch showed the association to be in a very prosperous condition. From 1S75 to October, 1594, the membership had in creased from 1600 to 7065. The present annual dues now amount to $76;53S, and the members represent an aggregate cap ital of $10,547,230,405. The report of Treas urer Orde was also very satisfactory. E. F. Swlnney, chairman of the execu tive council, in presenting the report of the council, said the main Item of ex pense of the association arises from the work of the protection committee In pre venting and detecting crime, and this ex pense exceeds the income. The committee advocated an increase of dues, graduated according to capitalization, The plan of creating a guaranty association which would include banks and employes and whlcli would reimburse members Incurring losses through dishonesty, was not favored by the executive council. A resolution favoring a money order system for banks was approved. The practice of paying Interest on dally bal ances was not commended. Whon the executive council's report was read a resolution favoring the increase of dues to add $35,000 to the income of the association was adopted. The report of the committee on bureaus of education showed that no radical changes had been made during the year. and- the work of the bureau had been de voted mainly to tho Institute of American Bank Clerks. An address by L. P. Hillyer, cashier of the American National Bank, of Macon, Ga closed the regular business of the day's session. His subject was "Money Orders of the Bankers' Association." He pointed out that the dally money order business of the Government and express companies amounted to $1700,000, and ad vocated action by the association to se cure some of the business of this popular method. He said the Government would not feel competition by the banks, but held that until the money orders issued by tha banks could be cashed everywhere, little progress would be made. The re port of the nominating committee, made late tonignt, is as given Heretofore. ADDRESS OP THE PRESIDENT. Currency Supply la Sufficient Pub llclty for All Corporations SAN FRANCISCO. Oct 21. The annual address of President Caldwell L. Hardy. of the Bankers' Association, delivered shortly after the convention opened this forenoon, was as follows: "The unprecedented prosperity of the last few years brought us last Fall to a climax of high prices for commodities and securities. The same sunshine which brings to its full fruition our rich har vests also fosters the tares. So among the substantial edifices of our prosperity have sprung up artificial commercial struc tures which have failed signally to stand the test of time. Oversangulne people, some probably not overscrupulous, had been capitalizing and recapitalizing schemes of all kinds and inducing people with paper profits to underwrite flotations which they were unable to carry. The boom had gone too far, the natural reac tion set In and a general housccleanlng begun whre It was most needed, in tho weeding out of overcapitalization and in flated securities. "We have gone through a series of liqui dation in speculative circles of the most drastic character, without results except to the few who have gotten too far be yond their depth. The process is not yet clear and the way Is now strewYi with cripples and indigestible securities, but business conditions arc sound. "If there is any class of men more than others who should never take speculative risks it is those who are handling the earnings, and savings of others, and the seeking of deposits at high rates $t inter est which can only be earned by specula tive Investments, is a menace to sound banking! Savings depositors should care- r fully shun such Institutions of which there are, however, happily but few. Currency Supply la Sufficient. "The vast majority of bankers feel as sured we bave had. so far, all the curren cy we have needed and an increase of It just at this time would lend a fur ther undesirable stimulus to speculation. The enormous production of gold In the last few years has been either lost sight or, or If studied will furnish food for thought The advantages claimed for the bank circulation of other countries over our bond-secured notes havo much merit from a scientific standpoint and would have more from a practical standpoint, If the element of risk could be eliminated which has brought disaster In some in stances. The practical question Is, could It be satisfactorily grafted onto our bank ing system, and If so, how? The idea of a 'central bank' or a 'branch banking sys tem' is repugnant to our conception of A NEW ERA in the clothing trad& dawned when first appeared this famous mark. . Jpd Benjamin s (? MAKERS NEWyORK BENJAMIN tailoring revolution ized the business. Where be fore were filthy sWeat-shops are to-day, clean, light, airy workrooms; hasty, slovenly piece-workers have given way to salaried custom-tailors; loose, unsystematic methods have been succeeded by per feet system and infinite care for details. Is it any wonder that BENJAMIN Clothes have driven old ready-mades into oblivion? The price Is right. Your money back, if anything goes wrong. We are Sale Setters in this dry. BUFFUM & PENDLETON! THIRD AND STARK STS. free government and institutions, and un less I mistake the temper of our people, will never be accepted. Neither will any form of currency be accepted which does not carry with it the same confidence of security which our bank-notes now enjoy. "In the formation of our great indus trial corporations we have been confronted with new and strange conditions. Elimi nating those of a fraudulent or fictitious character, nearly all of them have been subject to criticism In the matter of capi talization and the weak point with all of them has been the failure to provide a reasonable working capital. "There has been greater creation of securities in the consolidation of many of our railroads than actual values, appar ently Justly, but the concentration of management and control has brought about a stability of rates which has cre ated an established volume for their legit imate securities without hardship td the patrons of the roads. "It is a question whether the aggregate market value of all our railroad securi ties equals the amounts originally ex pended In the construction of them with even a moderate 'return upon the Invest ments. The reduction In the cost of trans portation has made it possible to move freight profitably at rates which would have formerly been considered Impossible. I do not mean to suggest that the roads should be left entirely free in the matter of fixing rates, but the reasonable con centration of their management should rather facilitate their control In this re spect by conservative enactment The enormous Increase of business developed by our prosperous condition has so over taxed existing facilities as to necessitate extensive Improvements which have brought the roads Into the market with borrowings which have seriously taxed our resources, but where these improve ments have been undertaken on a legiti mate basis, there is apparently little rea son to apprehend any difficulty in carrying them to a successful completion and Utili zation. Publicity for All Corporations. "A word on publicity, as It relates to .all public corporations. The publication, oc casionally, of an Individual bank state ment which it subsequently develops Is not legitimate would be a poor excuse for the suppression of bank statements In general,' and I think a suggestion that we do away with bank statements would be unanimously vetoed. Banks generally bear Intelligent and fair Information as to their Btandlng and If the same publicity from other public corporations could be required a most Important service would bo rendered the public. "Let us turn our faces to the bright future of our country and association. "When the rising sun today first touched the easternmost border of our country It looked down upon the richest and most prosperous nation In the world, and when tonight it shall have cast Its last rays on the Golden Gate it will leave behind the most enlightened and progressive people It has ever shone upon." George F. Orde, the treasurer, reported receipts, including balance, of $157,921. and expenditures of ?S5,539, the largest items being tho protective committee, 53S.199. and salaries, $15,656. The balance August 31. 1902. was $72,352. Secretary Branch, In his report showed that the paid membership Is 7063 with the annual dues amounting to S76.53S. In the post year 313 members were lost through failure and withdrawal, but to offset this loss 1139 new members were placed on the roll. NEEDED CURREXGEY REFORMS. Committee Recomntcnilx That Cus toms Duties Be Deposited in Banks. SAN FRANCISCO. Oct. 21. The report of the currency committee was as fol lows: "To the American Bankers' Association: "As Instructed by the special currency committee appointed at New Orleans to 'uvestigate and report on the present cur- ency system of the United States, the chairman of this committee not being in attendance at this convention, I beg leave to submit the following report: "There is at present more real moncy ln the United States than at any previous period in our history. Taking the coun try altogether, there is no scarcity of money. Including United States and. Na tional bank notes, to meet any legitimate demands of business. Compared with September 1 a year ago, the National banking circulation has increased $52, S27.551. "The general stock of money in the United States September 1, 1903, was as follows: 51,267,733,949 gold coin, including bullion In Treasury; 5553.S53.494' standard silver dollars: $101,567,228 subsidiary silver; $17,790,000 Treasury notes of 1890; $346,651,016 United States notes; $418,557,975 National bank notes; total. $2,70S,693.662. At the same date there was in circulation: $620, 375.159 gold coin; $39.4.155.919 gold certifi cates; $72,959,012 standard silver dollars; $455.92S,3S4 silver certificates; $32,570,952 sub sidiary silver. $17,550,254 Treasury' notes of 1SS0: $335.377.56S United States notes,; $399, 3S4.930 National bank notes; total. J2.3SS, 902.17S, making a circulation per capita of $23.60, compared with $28.55 September 1. 1902. "In the opinion of your committee the most serious need is the reform of the I Bub-Treasury system in such wise that the money withdrawn from the banks for custom duties, as well a3 internal reve nues, shall be deposited in the banks, and thus be made available for use in the community from which It has been with drawn. Such a reform could be inaugu rated by giving to the Secretary of the Treasury discretionary authority to per mit deposits to the extent of 50 per cent of the capital and surplus of National banks of customs receipts as well as in ternal revenue receipts guaranteed by se curities acceptable to the Secretary of the Treasury. Such an arrangement would render Impossible the embarrassments which havo frequently occurred as the 'result of Treasury accumulations. "Regarding the question of circulation, the first and most important requirement is the Immediate repeal of the present limitations of $3,000,000 pur month upon the withdrawal of clrculafcont" bo that the a e e STORE NEWS NEW ARRIVALS IN - Priestley Cravenetted Materials For Raincoats and Uls ters. Creme Princess Fur Cloth For Wraps, Children's Coats, Etc., a beautiful new fabric at $5.00 yard. HOSIERY Ladies' 50c and 65c black Lace Hosiery 35c pair. Children's "No Mend" Hosiery 25c and 35c pr. BLANKETS $6.00 White Wool Blan kets at $4.50 pair. Gray Wool Blankets, size for double bed, spec ial value $3.75. Art Embroidery Dept. New Arrivals in Cushion . Covers, Pyrographic Arti cles, and Stamped Linens something new. -every day. Plenty of Beads. Free Les sons in Art. Embroidery, Pyrography and Beadwork. LEATHER GOODS Special Sale Hundreds of bargains in Suit Cases, Wrist Bags, , Coin Purses, Bags, Etc. Outing Flannel Gowns 60c Gowns 45c $1.35 Gowns .... 98c expansion and -contraction will be auto- 1 matlc and governed by the surrounding situations. Under the present restrictions many banks are unwilling to issue cur rency for temporary and legitimate needs. which they would Issue if they felt cer tain their currency could be retired when no longer needed. "Emergency circulation could, within careful limitations, bo safely permitted upon the actual deposit with the Treasury Department of securities acceptable to the Secretary of the Theasury. And upon such deposits circulation could be issued promptly to meet actual emergencies, which would not be possible Xl time were taken for the examination of general as sets -by the Secretary of the Treasury and Controller of the Currency. A tax of 6 per cent per annum. should be Im posed upon such emergency circulation to Insure and hasten ltsTeturn to the is suing bank; this tax to be set aside as a safety fund to secure tho United States Treasury for the redemption of notes so Issued. This emergency circulation should be issued without any distinguishing mark from other National Bank circulation ex cept to substitute the words "secured by bonds approved by the Secretary tff tho Treasury' Instead of the words "Bonds of the United States," for being amply secured, there should be no discrimina tion against it beyond the 6 per cent tax. "To further liberalize the circulation, your committee recommends that the United States tax on circulation should be uniform on tho issueof currency based on all telasses of United States Govern- ment bonds. '' "In the judgment of your committee these modifications of law can be author ized without damage or discredit to the National Bank circulation, but your com mittee cannot recommend any step that will tend toward a return to the miscel laneous circulation which m prevailed In the country before the war, or any step which will disregard the history of finance among the commercial nations of the world; nor can it recommend that any note should be issued without the certain ty of Its redemption In standard coin of the United States. "CHARLES S. FAIRCHILD, "H. C. FAHNESTOCK, "MYRON T. HERRICK, "HOMER S. KING, "J. J. MITCHELL. "In the foregoing report I am impelled to dissent from the recommendation for the repeal of the law restricting the redemp tion of National Bank circulation to $3, 000,000 a month, for the reason chiefly that It seems to me to be Inconsistent to In the same report recommend a method for an increased circulation and to Insert a provision urging a means by which the circulation may be at any time dimin ished. "With the exception of this dissent, the foregoing report has my hearty concur rence. GEQRGE X. WHITNEY. Special Paper Issued for Bankers. SAN FRANCfsCO. Oct 21. The New Don't have a fall ing out with your hair. Use Ayer's Hair Vigor. '. ArerCo.. e e a B 3650 OF Dresd Every On Tomorrow, 15c Yard A well-known Fifth-Avenue ribbon dealer with whom we have transacted business under most pleas ant conditions for many years has shown his apprecia tion in a most substantial "manner. He made us a complimentary price on his choicest, daintiest, pretti est pure silk Dresden Ribbon "Just for a flyer for a little excitement at the ribbon counter." Take Your Choice Tomorrow-of These Ribbons, Prettiest Floral Designs in White, Pinks, Blues and Nile 35c Quality at, Special 15c $4.50, $5.00 Vexiise Lace Collars TOMORROW, SPECIAL Thousands of appreciative women indorse by their purchases the claims of superiority of our stock of neckwear. Bargains are very often offered, even at the front end of a prosperous season, as illustrated by the following One hundred We wish our buyer could have secured one thousand Venise Lace Collars, real value $4,50 and $5.00, displayed on our counters and in Washington-Street windows, ON SPECIAL SALE TOMORROW At Only $3.00 Ea. y A Fall Bust in an A Full bust In La Grecque ordinary Corset Cover. Bust Supporting Corset Cover La Grecque Bust Supporting Corset Cover. Is indispensable to a full figure in a Shirtwaist, because it takes the place of a fitted lining, and holds a full bust firmly without shifting or sagging in any position, even in an extreme low-bust corset. It brings the bust forward, making a full figure narrower. It is adjustable at shouldars, bust" and waist, so that each figure is fitted exactly. Has no seams, wrinkles or superfluous fullness anywhere; cannot push up. The heaviest figure will never be unsightly in this gar ment. Prices, $1.50 up. MEIER & FRANK CO., Ffith, Morrison & Alder Sts., Portland. York Evening Post has arranged to bring out a banking edition oC the paper in this city every day during the Bankers Con vention. The first issue of the sheet con tained all the day's news of Wall street and .other commercial circles. It will be devoted exclusively to financial news. JokesOQ Xnt Goodwin New York Evening Sun., "It's come at lost," said Nat Goodwin, the comedian, last night, as he' stepped from his automobile at the (Garrlck Thea ter, where his wife, Maxlne Elliott, is playing in "Her Own Way. Solicitously, a friend Inquired the cause of the actor's anguish. "It's the chauffeur' almost sobbed the i RIBBONS Sale ESTABLISHED 1870. 0. P. RUMMELIN & SONS 12 SECOND ST., NEAR WASHINGTON. We Are Showlnc Stylish Fur Garments IX CapelFnes, Stoles and Neck wear Alaska Sealskins, London -Dye OUR SPECIALTY Sable and Isabella Fox Boas FUR JACKETS In Persian Lamb, Xcar Seal, Astrachan, Etc. Leading and Reliable Furriers. comedians "I knew some one would do It before long." "What did he do?" asked the friend. "Only said 'Good night, Mr. Elliott,' that's all," whimpered Mr. Goodwin, with an expression on his features which has not been equaled since the night of that celebrated London dinner, when Sir Henry Irving i-eferred to him feelingly as "Amer ica's foremost comedian, Mr. Nit Good win." CI films Against Santo Damtngo. SANTO DOMINGO, Oct. 21. M. Charles Renos, the Belgian Charge d'AfCalres, has arrived here with final Instructions re garding the claims of the Belgian bond holders against Santo Domingo.