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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (June 16, 1906)
!0 TIIE MORNING OREGONIAN, SATURDAY, JUNK ltf, 1WKJ. BANKERS HOLD A GQNVE Debate on Bills of Lading Takes Up Consider able Time. ROADS SHOULD BE LIABLE Financiers for the Most Part Favor Plan, While W. W. Cotton Con tends That It Is Mani festly Unfair. V. W. Cotton and P. C. Kauffman, vice-president of the Fidelity Trust Com pany, of Taconia, occupied the center ot attention at the session of the Oregon State Bankers' Association yesterday af ternoon, when they debated upon the bill which Is now being considered by Con gress, which would, if enacted, make railroads liable for all bills of lading Issued by their agents. Mr. Cotton con tended that this would be manifestly un fair and that a satisfactory remedy for the evil of bills of lading being accepted as security under the present laws would be to Institute a system of certification. Despite the protest made by Mr. Cotton, It is probable that a resolution will be adopted by the sesssion this morning in dorsing the measure which Is now being considered by the national legislative body. . Convention of Oregon Bankers. The first annual convention of the Ore gon State Bankers' Association convened yesterday morning at 10 o'clock at the T. M. C. A. auditorium. Nearly 100 dele gates and prominent bankers from the Northwest are attending the meeting, which will adjourn at noon today. The delegates and their friends will give a banquet at the Hotel Portland tonight. The association was organized during the Lewis and Clark Exposition. The officers are: President, J. Frank Watson; vice- president, E. V. Carter, Ashland; treas urer, W. E. Grace, Baker City; secretary, J. L. Hartman. President J. Frank Watson called ((he assemblage to order. Following the in vocation by Dr. Clarence True Wilson, Mayor Lane delivered the address of welcome. E. W. Haines responded on be helf of the visiting bankers. President Watson made a short address and reports were submitted. In the afternoon Miles C. Moore, pres ident of the Baker-Boyer Bank, of Walla Walla, was the first one to make an ad dress. He was followed by George N. O'Brien, cashier of the American Na tional Bank of San Francisco, who spoke upon "How Earthquakes Sometimes Af fect Banking." He gave a brief summary of the courageous manner in which the banking Interests of San, Francisco had handled the situation. "Mr. Moore remarked in his address that 'money talks,' " said W. W. Cot ton when he arose to speak. "Mr. Moore may hear 'money talk,' but to me it only whispers 'goodbye.' " Mr. Cotton followed P. C. Kauffman, who had gone into detail on the new law which Is before Congress. After Mr. Cotton had finished Mr. Kauffman said a few concluding words. k System of Certification. Mr. Cotton thought that if a system of oerltflcRtlon was established that the bankers would be reasonably safe from loss through fraudulent bills of lading and did not believe that railroads should be held liable for the bills of lading is sued by their agents. He said that prac tically all of the fraudulent bills of lading upon which money was secured were is sued by others than the station agents. Mr. Kauffman was most emphatic in his declaration that the companies should be responsible for the actions of their rep resentatives. The bill which is now be fore congress has been Indorsed by the American Bankers' Association. The officers for the ensuing year will tie elected this morning. It is believed, by some that an outside banker will be elected president of the organization. Delegates and Visitors. The following is the list of delegates and visitors who signed the register yesterday: Joseph H. Alhert, cashier Capital National Bank, Salem, Or.; H. Hlrschberg, president Indeppndenoe National Bank, Independence, Or. ; J. Frank Watson, president of the Mer chants' National Bank. Portland: E. V. Haines, banker. Forest drove; Miles C. Moore, president Baker-Boyer National Bank, "Walla Walla, Wash.; George N. O'Brien, cashier American National Bank. San Francisco, Cal. ; P. C KaufTman, second vice-president Fidelity Trust Company. Tacoma. Wash.; H. L. Gll key, cashier First National Bank, Grant's Pass; F. L. Meyers, caehier La Grande Na tional Bank, La Grande; EX C. Apperson, vice president McMlnnville National Bank, Mc ailnnvllle; W. H. Dunckley, cashier Ladd & Tllton, Portland; E. V; Carter, cashier Bank of Ashland, Ashland: W. E. Grace, president Citizens' National Bank, Baker City; W. A. Swing, president Sclo State Bank, Scio; B. Lee Paget, secretary Portland Trust Com pany, Portland; J. T. Donnelly, cashier First National Bank, Baker City; W. Pollman, president Baker City Loaa & Trust Company, Ha.ker City; J. B. Thoreon, cashier First Na tional Bank. Elgin; N. U. Carpenter, vice president First National Bank of Burns, Burns; Alex. Martin. Jr., cashier Klamath County Bank, Klamath . Falls; A. B. Oarlock, presi dent Carlock Bank, Fort Jones; D. A. Paine, vice-president Eugene Loan & Savings Bank, Kugene; W. W. Steiwer. president Stelwer & Carpenter, bankers. Fossil; E.. C. Mears. cashier Bankers' & Lumbermen's Bank, Port land; R. L. Durham, vice-president Merchants' National Bank, Portland; R. W. Schmeer, cashier United States National 'Bank, Port land; Legalle Butler, president Butler Bank ing Company, Hood River; W. H. Moore, president Oregon Trust A Savings Bank, Port land : A. C. Shute, cashier J. W. Shuts Bank, HUlsboro; J. W. Bradbury, president State Bank of Idaho, Kendrlck. Idaho; Alfred S. fchmltt. cashier of the First National Bank, Albany; E. D. Cuslck. J. W. Cuslek & Co.; D. A. Paine, vlce-preeldent Eugene Loan & Savings Bank: R. B. Williams, president Dal las National Bank; George Mack, cashier First National Bank, Joseph; E. O. -Blanchard,' First National Bank. Hood River: J. E. Hlgglna, cashier Astoria National Bank: Lynn Eaton, cashier Commercial Bank, Oakland; tv. L Freres, Stayton State Bank; A. Edgar Beard, Citizens' National Bank. Baker City; Tom Thorsen, Bank of Elgin; L K. Page, Salem State Bank; W. A. Heydman. Barnc of Esta cada; Edward White, Bankers' Magazine; J. H. Blackaby. . president Bank of Ontario; J. C Fowlle, cashier E. O. Banking Company, hanlko; William Barrett. private bank, Wasco: John A. Keaty, second vice-president Bankers' A: Lumbermen's Bank, Portland: N. C Chrlstensen. cashier First National Bank, N'ewberg; J. M. Prowman, Bank of Wood burn ; George L. Clear, Eastern Oregon Trust & Savings Bank. Burial of John K. Foster. The mortal remains of John R. Foster were laid to rest yesterday afternoon in Rlverview Cemetery. The ceremonies at the grave were . under the direction of Willamette! Lodge of the Masonic order. At 2 -o'clock Dr. Edgar P. Hill read a scriptural service and said a prayer over the body-before assembled friends i and brothers at the Scottish Rite Cathedral. The ceremonies here were very simple, though Impressive. The coffin was un Nil veiled and a last opportunity given .to those who wished to view the face of the departed. Members of the Shriners were pallbearers and acted as a guard of honor. COUNSEL TO PROSECUTE Shipowners Engage an Attorney Against Haiders of Johan Poulsen. H. M. Cake has been retained by the Shipowners' Association, of San Fran cisco, to assist In the prosecution of those implicated in the attack of Wednesday night upon the crew of the schooner Johan Poulsen. The associa tion wired to "Portland and requested that a special counsel be employed. The Citizens' Alliance, of Portland, is watching the affair very closely and has offered a reward for the arrest and conviction of the persons Implicated still at large. The organization will use every means within Its power for the apprehension of the aruilty persons. Buried in Nameless Grave. Into a nameless grave went the body of the unknown man that was found floating down the Willamette Thursday afternoon. Whether he was a man of affairs or a pauper, a man of ambition or a tramp, may never be known. From present indications he will sleep in the PHOTOS SHOWING THE BIG BLASTS NEAR HOSIER YESTERDAY Ip:plliiliii8j w . A Mm u rt; .v 3 v mmmtmmmmsm ;'.'.v,t'v: - x -?C. : ';BSIlill XUlhpy&: , tell -.- l, 4 & i-' - V5':: -' ..J Ji 1- . i f i im 1 1"1""" ' iiitt ri-ti ii i n i - i i -'1 1 .1 1 K . t.V, , .V W TyJ I ?jf,. ., .V.JV!'r ,r , tAti , -lJ .. ...... ..; raupers' graveyard grave that Is not clothing and few cated that he was i who, a month ago, Ing the brightest attaches buried the services. at the poorfarm In a even numbered. His personal effects indi i man of some means, may have- been enjoy of prospects. Morgue body. There were no EASTERN EXCURSION RATES June 23, 25, July 2 and 3, August 7, 8, 9, September 8 and 10. On the above dates the Great Northern Railway will have on sale tickets to Chi cago and return at rate of 171.50, St. Louis and return J67.60, St. Paul, Minneapolis and Duluth, Superior, or Sioux City and return, $60. Tlcnets first-class, good go ing via the Great Northern, returning same or any direct route, stopovers al lowed. For tickets, sleeping-car reserva tions, or any additional information, call on or address H. Dickson, C. P. & T. A., 122 Third street, Portland. Will Make Permanent Repairs. LA GRANDE, Or.. June 15. (Special.) Superintendent Buckley estimates that it will take Tmtll the snow files to repair the damage done by the recent washout be tween Meacham and Umatilla. The track Is now in condition for traffic, but all the repairs have been of a temporary nature. (5 -A'S::V r-l ;i s l m- . ...... i - . - - y 1. CUFF BEFORE BLAST WAS FIRED. THE DOTTED IJJfK INDICATES PORTION TO BE REMOVED BY EXPLOSION. 3. WHEN THE 35.000 POUNDS OF POWDER EXPLODED; THROWING THE CLIFF INTO THE' RIVER. " 3. ULMLEDIATIXx" AFTER THE BLAST WAS FLRED, SHOWING THE SMOKE LIFTING AND 1HE PILE OF BROKEN BOCK. BASALT IV1DUNTAIN IS Y Gigantic Explosion Near Mo sier on the Colum bia River. BLAST FOR THE HILL ROAD Fourteen Hundred Kegs of Powder Reduce Forty Thousand Cubic Yards of Solid Rock to " Small Fragments. MOSIER, Or., June 15. (Staff Corre spondence.) An electric, spark that ran along a wire far Into the heart of the basalt mountain opposite Eigbteen Mlle Island, on the Columbia River, today set free 1400 kegs of imprisoned powder, and the resulting explosion rattled windows here, two miles away, across the river. With a roar like a broadside from a battleship, the cliff marked for de struction crumbled as an eggshell crumbles In a man's fist, and fell away from the mountainside. The preci pice, 180 feet high and 50 feet back from the river, was reduced to a huge pile of broken stones, with hardly a piece larger than a man's head. As the mass of rock toppled into the river a big wave formed, which ran foaming to the opposite shore and broke on the bank. Blast Laid and Fired. The blast was laid and fired by men In the employ of P. P. Johnson," a con tractor for the Portland & Seattle Railway, and the three mines of ex plosive took a crew of men two months to make ready for today's shot. Pow der that was exploded amounted to 35,000 pounds, and the -blast cost the Portland '& Seattle Railway between J6000 and 17000. The explosion threw down about 40,000 cubic yards of rock, demolishing a cliff with 200 feet front age on the river, 180 feet in height, and running back Into the mountain 60 feet. The shot piled up rock just where it is needed to make a grade along the face of a mountain that rises sheer from the river. A main tunnel 50 feet Ions' was driven into the face of the cliff on a level with the grrade of the railroad. At that depth, two branch drifts were run at right angles, one 75 and the other 45 feet in length. Three mines of blasting powder were then laid, one at the end of each tunnel, and rock tightly tamped behind the explosive, while, a wire was laid to each cache of powder for setting all three off simultaneously by electricity. The work of preparing and firing the blast, which is one of the biggest ever 4hot along the Columbia, was under the general supervision of Engineer W. G. Sayles, in charge of a division of the Portland & Seattle construction. Explosion Shakes Mountain. Preparations for firing the blast to day were carried out carefully and the explosion, which had been set for 10 o'clock, took place exactly on time. A workman placed far back on the mountain made the elfmlcnl -nnn'- -tion that fired the shot. When the blast was fired it shook the mountain so that rocks rolled down into the river from the tops of cliffs at some distance away. It was feared the explosion would - - -Sssg SIS': ii' : :: :S' S -.i; A-.A S'.: BLOWN ! , - I" " cause such a big wave that Eighteen Mile Island, half way . across the Co lumbia, would be flooded. The island has a solitary -inhabitant, Tom Hen nessy, and word was sent him of the time of the explosion, so that he could taka-hls valuables and escape to the mainland. The wave, however, did no damage to the island. Announcement of the blast had been made, and many of the people of the nearby country turned out to see It. To those who saw It, it brought to mind the fabled duel between Mount Hood and Mount St. Helen's, when the two volcanoes threw stones at each other and demolished the Bridge of the Gods that Indian legend asserts stood but a short distance below where the big blast was fired. Indian Watches the Blast. ' An Indian stood by and watched the white man's thunder demolish the landmarks of his fathers. He gave no expression of how he regarded such big medicine save by a shrug of the shoulders and a short exclamation. He then' stalked haughtily away. A drummer at' Mosier, who lately came from California, seized his grip and ran howling into the street, declar ing his intention of going still further In his search for a country where there were no earthquakes. Since' the construction of the new Hill road was begun, there has been almost incessant blasting along the north bank of the river, by both the Portland & Seattle and the Columbia Valley, but the shot of today. was the biggest so far fired. Residents of the Upper Columbia believe the heavy blasting along the river Is the causa of the continued rainy weather. IRRIGATION CONGRESS. Board of Trade Preparing to Call It in September. Under the auspices of the Portland Board of Trade a State Irrigation Con gress will meet in this city the latter part of September. At a meetinsr of the legis lative committee of the Board of Trade held last night. It was decided to call a meeting of the congress, which, will be attended by representatives of the dif ferent commercial organizations of Ore gon. The committee Is preparing an Irriga tion law, which will be considered at the congress, and which later will be submit ted to the Legislature for the purpose of enactment. A circular letter will shortly be sent to the commercial organizations throughout the state requesting that they assist the Board of Trade In the prepara tion of an Irrigation law which will meet all requirements. It Is being modeled after the Blen irrigation law. In the prepaartlon of the Irrigation law the legislative committee has solicited and received the advice of experts from all over the country. Government experts and the state engineers of Idaho, South and North Dakota, Colorado, Utah and Oklahoma have co-operated with the Board of Trade. The members of the legislative commit tee are G. W. Allen, chairman, D. A Patullo, James Cole, J. E. Magers. Seneca Smith, J. B. Beach, Whitney L. Boise and William M. Gregory. TWO MORECHANCES. The Astoria & Columbia River Railroad Co. will only run two more 11.50 Sunday Seaside excursions this year, one next Sunday, June 17, and the last one Sun day, June 24. Ticket sales limited to seat ing capacity of train. Get yours at the city office, 248 Alder street, any day dur ing the week and at the Union Depot Sunday morning. For information tele phone C. A. Stewart, Agent, Main 906. Payment of Election Claims. .County Auditor Brandes is besieged with inquiries from judges and clerks of the recent election for information as to when these late officials will receive pay for their services. Mr. Brandes announces that all election expenses would be paid, the same as all other monthly claims against the county, any time after July 10. it V - J' ?sy U I Jft JfciS.. ! 1 )i mliiumi if Saturday Reg'ular Value $1.25 FLY PRO OF On Sale 6 P. M. Regular Value 50c STONEWARE Just the thing for this climate WILL FIGHT TAKES Corporations Think Amount Is Too High. OBJECT TO THE NEW LAWS Blay Attempt First to Defeat Their Purpose In the Legislature, Afterwards Going to the Courts If Necessary. That the Oregon Legislature will be a magnet next winter for corporation lob byists seems Ukeiy, on account of the de sire of railroads, car lines and power companies to escape the high tax plan of the State Tax Commission and the desire of express companies, telephone, telegraph, oil and sleeping car, to escape the 2 and 3 per cent gross earnings tax, imposed by two laws enacted by the people under the initiative at the polls June 4. Should the corporations affected be able to. muster any considerable strength In the lawmaking body, there will be an exhibition at Salem of "Influence" methods, such as have not been at tempted at Oregon's capital for a long while. The corporation advisers, how ever, see the danger of arousing public animosity by this course and will prob ably endeavor to steer clear, but there are signs that the corporations may feel themselves obliged to make a fight in order to, "protect" themselves from "radical" legislation. Object to the Tax. The - 2 and 3 per -cent, gross earnings tax is not welcomed by the companies on which it is to be imposed next year. It is regarded by them as confiscatory legislation, that should be amended or repealed or annulled. They would re joice to rid themselves of it by annul ment in the courts If they could do so for good; but they see that another law would afterward take Its place. Conse quently, conservative heads are advising a moderate course and not attempts to get rid of the initiative laws but to re duce the tax. The Legislature has power to amend or repeal the groas earnings tax laws, as it may please, subject to the veto power of Governor Chamberlain. If the Legis lature should fail to relieve the taxed companies, the recourse for them would still be the courts, where their lawyers are hopeful they could show sufficient flaws to Invalidate them. For this, rea son, no attempt may be made to In validate the laws until after the Legis lature. Fight the Assessment. Railroads think the tax plan of the Tax Commission, whose proposed new system would assess railroads this year In Oregon, $70,000,000, unreasonable and dangerous to their Interests; at least such is their expression. Taxes were collected this year from railroads on an assessment of $13,600,000 less than one fifth of the total which would be attained under . the Commission's plan. A rail road man said yesterday: "When the eight county assessors at Albany last Monday agreed to assess main lines at $19,000 a mile, that was an excessive figure, but the proposal of the Tax Commission would double the assess ment again and is preposterous" To which the chairman of the Commis sion, F. W. Mulkey, responded: "All classes of property would be as sessed in the same proportion of their actual value, and railroads therefore would suffer no injustice." But the railroad man said that the in evitable effect of the proposed plan would be to put on railroads more than their due share of taxes and that while rail roads were assessed at actual values, other property would be assessed at less. The street car lines of Portland would be subject to the same 'tax system: also the Portland General Electric and the Terminal Company. Takes Stock In Masonic Temple. The closing hours of the three days' ses sion of the Masonic Grand Lodge of Ore-. Specials Regular Value $1.25 MEAT SAFE All Day to 9 P. ML Regular Value 50c SALT BOX will not drawjdampnes gon, yesterday morning, were given over to discussion of investment of the lodge surplus and the Installation of the newly elected officers. It was voted to invest. $6350 in additional stock of the Masonic Temple Association. The Grand Lodge has a surplus of soma $19,000, and some of the delegates were in favor of putting at least $10,000 of this in Temple stock, but on presentation of the statement that there were subordinate! lodges which were desirous of investing In this same proposition, it was decided to make way for them also. If, however, all the stock should not be taken over it was voted that the Grand Lodge should buy up the surplus. "PENNSYLVANIA SPECIAL" Pioneer 18-hour train from Chicago to New York, runs every day over tha Pennsylvania Short Line, leaving Chi cago at 2:45 P. M. Obtain particulars by addressing C. L. Kimball, assistant general passenger agent Pennsylvania lines. No. 2 Sher man street, Chicago, 111. Alleges Breach of Contract. Alleging breach of building lease and! failure to pay the stipulated amount of rental for a period of three months, Car rie Nicholas has begun suit in the State Circuit Court against J. V. Carlson, A. Schuback and W. O. Johnson, asking for Judgment for $298.05 and that the Judgment apply as a li?n upon the household goods and furniture now contained in the build ing located at lSo1- Morrison street, and that the lien be foreclosed to satisfy tha Judgment. HAVE YOU SEEN THE America's Most Beautiful Resort IF NOT, BE GOOD ENOUGH TO PAY US A VISIT SEE THE DREAMLAND OF THE WEST With more a-reat mue mrnt attractions than New York's Coney Island. Open . daily from 1 P. M. nntll 13 o'clock midnight. That Is the time the last car leaves. But on Saturday, Sunday and holidays The Oaks Is open from 9 A. M. until midnight. YOU WILL MEET EVERYBODY ON "THE AVENUE" WHERE YOU CAN ENJOY ' THE Wonderful Figure-Eight Roller Coaster, the $20,000 Carousel, the WhirL Bumps, Temple of Mirth,. Mystic Maze, Zig Zag (new and funny), the spacious Dancing Pavilion, Chutes, and 50 other novelties (all new at that). And last, yet not least, D'Urbano's great band of 40 musicians. : NEW lOAKS IP