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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Aug. 18, 1906)
THE MOKNIX& OREGONIAN, SATURDAY, AUGUST 18, 1906. woraoiG The "Different Store" THE OLDS, WORTMAN & KING STORE Fifth, Sixth and Washington Streets Every Word in This Printed Announcement Must Be Backed Up by the Goods in the Store OLDS, WORTMAN & KING GOOD OST President Hinckley Borrows Funds for Real Estate Speculation. OWES NEARLY $500,000 First National Bank of Chelsea Is Clofed When Director Objects to Collateral Erring President 111, and Plans Fail. CHELSEA, Mass., Aug. 17. Following the Information given by Bank Examiner Ewer, to the Controller at Washington, that the failure of the First National Bank of Chelsea, the doors of which were closed last night, wap due to excessive loans made to officers and directors of the bank, it became understood today that the principal factor in the suspension of the bank was a large debt on the part of llspresldent, Sylvester B. Hinckley. This debt is unofficially estimated at from $300,000 to J500.000, but statements made today by directors of the bank in dicate that Mr. Hinckley has transferred to the institution his equity in large real estate holdings, which ixy was expected would provide for the payment in full of all depositors. Mr. Hinckley is said to be fatally ill at his home in Newton. Big ProHts Go Glimmering. Developments today indicated that Mr. ' Hinckley was Involved in extensive real estate transactions from which he ex pected to realize splendid profits for the bank as well as for himself. The failure of his plans in connection with his ill ness, as well as the dissatisfaction of at least one of the directors with some of the paper placed with the bank as col lateral, account for the closing of the bank. Mr. Ewer has been apopinted temporary receiver by the Controller. Some Very Doubtful Paper, Director Martin, who was said to be responsible for the investigation which closed the bank, said today that he had discovered things which led him to make an investigation. As a result of it he ob tained from Mr. Hinckley the title of the bank In certain real estate held in the Back Bay and Brighton by Mr. Hinckley. When pressed for a statement as to what In particular bad attracted his notice. Mr. Martin said that paper which he did not consider genuine commercial paper was being handled. When asked if this pa per was signed by fictitious names, Mr. Martin said: "There are some papers there that are very doubtful." Excessive Loans to Directors. WASHINGTON, Aug. 17. The Control ler of the Currency has received advices bv telegraph from National Bank Ex aminer Ewer that the First National Bank of Chelsea. Mass., has been closed by action of the directors. Examiner Kwer has been appointed receiver. The failure of the bank is reported by the ex aminer to be due to large, excessive loans to olttcers and directors of the bank. A statement of the resources and liabilities of the bank at the date of its last report of condition was made to the Controller June 18. 1906. This shows loans ana dis counts to be $1,118,586: cash on hand. $57. 379: capital stock, $300,000, and deposits, $t!79.729. Poles Ask for Separate Receiver. CHICAGO, Aug. 17. The Polish. Na tional Alliance of the United States of North America today filed a bill in the Superior Court asking that another re ceiver for the Milwaukee-Avenue State Bank be appointed and that a Judgment in favor of T. T. Elde against the bank be set aside as fraudulent. The bill Is based on "the allegation that the alliance has $48,000, which, being death benefits, ls exempt by law and should be separated from the other funds in the bank, that' the alliance represents the majority of creditors and its Interests should be protected. Garfield Bank to Pay In Full. CHICAGO. Aug. 17. Ellis E. Drake, who was in control of the Garfield Bank, for which a receiver was appointed yes terday, gave notice today that he would ask that the receivership be set aside. Drake insisted that he had ample funds to pay obligations of the bank, which, he says, amount to $40,000. COMING WEST GRADUALLY Northwestern to Join Short Line. Harriman'g Control of St, Paul. NEW YORK, Aug. 17. (Speclal.)-Itiis understood that the Northwestern and Union Pacific are in harmony and that the new stock issue of the former Is not for an aggressive move against the lat ter. This lends strength to the view that the Northwestern will gradually work its way across Wyoming and finally intersect the Oregon Short Line In Idaho. The effect will be, howover, to give another transcontinental line converging- on Portland. The rumor ws persistently circulated here today that the Southern Pacific had bought control of the Milwaukee Rail road. The stated price paid was $100 in Southern Pacific preferred stock and $100 ca?h for each share of Milwaukee. The report was emphatically denied by peo ple In touch with the Southern Pacific. It is believed generally, however, that the Harrlman and Kuhn-Loeb interests recently bought heavily into Milwaukee. CHINESE OFFICIAL KILLED Gasoline Tank Explodes With Fatal Results in Pekln. PEKIN. Aug. 17. By the explosion of a gasoline tank used in crmection with a lantern show here, a General of the army and another official were killed to day and several persons were wounded. The occurrence caused great alarm and gave rise to many rumors, one being to the effect that an attempt had been made, to assassinate Wu Ting Fang, ex Chlnese Minuter to the United States, by a bomb as he was returning from an audience with the Empress. USES CANNON ON TATARS. Russian Colonel Repulses Desperate Attack on Persian Border. TIFLIS, Aug:. 17. News was received here today of an engagement between Colonel Verven's detachment, garri soning the village of Agdura in the Province of Tellzavetpol, close to the THE 'TELEPHONE STORE" Specials That Pass With the Night THE 'TELEPHONE STORE" THE AUGUST SALE Of Beautiful Cut Glass SPARKLES AND SCINTILLATES WITH BARGAINS. A Truly Wonderful Exposition and Sale in "Crys tal Grotto" Today. Tonight.lt Ends. Magnificent Libbey Cut Glass at Spe cial Sale Prices Today Only The display of cut glass in the "Crystal Grotto" has no equal on the Pacif ic Coast, and you will feel well repaid for time spent in ma king a visit there. We are closing out odd lines at special prices very exceptional values in the offerings, and hun dreds of handsome articles from which to select. PERFUME BOTTLES. 4 Our $1.25 value, special at, each T5 Our $2.25 value, special at, each $1.13 Our $3.25 value, special at, each $1.63 STEINWARE CUT FLUTE. Goblets, 'our $24.00 value, special at, the dozen $12.00 Saucer Champagnes, our $22.00 value, spe cial at,' the dozen. . $11.00 Cocktails, our $14.00 value, special at, the dozen $ 7.00 Wines, our $14.00 value, special at, the . dozen $ 7.00 Sherries, our $14.00 value, special at, the ' dozen -. . $ 7.Q0 Cordials, our $12.00 value, special at, the dozen $ 6.00 WHIRLWIND DESIGN. Goblets, our $30.00 value, special at, the dozen $15.00 Champagne, our $30 value, special . at, the dozen ...... ..$15.00 Cocktails, our $27 .value, special at, . the dozen $13. 50 Wines, our $24.00 value, special at', the dozen $12.00' Cordials, our $18.00 value, special at, the dozen ... $ 9.00 8-inch Bowls, our $4.50 value, special at, each $ 3.25 8 - inch Bowls, fancy shapes, our $5.00 value, special at, each $ 3.50 Sugars and Creams, our $4.00 value, spe cial at, the pair. . $ 2.95 Sugars and Creams, our $4.50 value, spe cial at, the pair $ 3.25 11-inch Celery Trays", our $3.75 value, spe cial at, each $ 2.75 11-inch Celery Trays, our $5.50 value, spe cial at, each $ 4.00 6-inch Footed Comports, our $6.00 value, special at, each. $'4.25 Whip Cream Bowl and Plate, our $6.50 value, special at, each $ 4.50 9- inch Square Nappy, our $12.75 value, special at, each $ 9.50 Water Tumblers, our $11.00 value, special, at, the dozen $ S.65 Water Tumblers, our $9.00 value, special at, the dozen :...$ 7.15 SPECIAL PRICES ON ROCK CRYSTAL. The name "Libbey" etched on every piece insures the best. Hock Crystal Sherbets, oiir $44.00 value, special at, the dozen $29.30 Rock Crystal Wines, our $35.00 value, special at, the dozen $23.25 Rock Crystal Saucer Champagnes, our $40.00 value, special at, the dozen $26.65 "Forewarned is Forearmed" Be Warned! Ten Last Hours of the Great August Shoe Clearance POPULAR RUGS IN A SALE Go Out With the Day! Sale Ends Tonight! "Your neighbor has been here, Mrs. . Yes, she bought Shoes several pairs. Suppose you ask her whether or no she's pleased with her 'buy' whether or no the shoes she bought for herself and the young sters are satisfactory now that she's had 'em home and looked them over carefully, and started on the test of wear. Your shopmate was here, too, Mr. Man, and got shoes for himself and the boys. Have you heard any 'kick' from him about his purchase? We have not. Why? Because they all got standard shoes from our own carefully selected stocks. Good shoes, not 'scuffs, from a 'hodge-podge' collection of 'safe stuff. If there's a complaint roaming at large anywhere about town we want it rounded np and brought in, and we'll thank the bearer who delivers it at the Shoe Store. TODAY EVERY PAIR OF SHOES IN OUR STOCKS STANDS SHARPLY REDUCED! Think of it I You choose from the largest stock of Footwear in Portland and no matter where your eye falls or your hand drops, whatever it touches is reduced if it's in the Shoa Store. Everybody knows that the Olds, Wortman & King standard lines of Shoes are criterions of value; exponents of the most shoe value and style for the money. The present gain is self-evident from today's prices. Examples of re ductions are printed below. Women's Shoes, Values to $5.00, for $3.19 Women's Shoes, made in patent and dull leathers -, by the fore most factories of the country; shoes selected from our regular stock; values to $5.00. Special at, pair. $3.19 Girls' Shoes Of best kid leather; lace, Blucher cut, with oak leather soles, patent tips and new straight-away last and in four styles: Sizes lVz to 2; our $1.8o value. Special at, the pair $1.65 Sizes to 11; our $1.60 value. Special at, the pair $1.40 Sizes 6 to 8; our $1.35 value. Special at, the pair $1.15 Women's $2.60 Oxfords $1.49 Women's black or tan Oxfords in Blucher or regular cut, with light or heavy soles; values to $2.50. Special at, the pair $1.49 Women's $3.00 Oxfords $1.98 Women's Oxfords in pat ent and dull leathers, button and lace styles, Goodyear welt and turn soles, Blucher or regular cut; several style lasts; values to $3.00. Special at, the pair. $1.98 Women's Oxfords, Values to $4.00, for $2.69 Women's Oxfords in all styles in patent leathers, demi-glaze, gun metal and kid leathers; all new, down-to-date lasts and patterns. The lot embraces our popular Pingree Gloria line, Hallahan & Sons, Val. Duttenhofers, Wright, Peters & Co., and many others of equal fame; values to $4.00. Special at, the pair $2.69 Women's $3.00 Shoes $1.98 Women's Shoes in pat ent and dull leathers in college and regular cuts, with mat or bright tops; several styles in the selection; values to $3.00. Special, pair. .$1.98 Women's $5.00 Shoes $1.98 Women's Shoes in tan and champagne, made of the finest materials, with welt or hand-turned soles, with or without tips; French, Cuban or milifary heels and many new stvle lasts; regular values to $5.00 Special, per pair : : ., $1.98 Boys' Box Calf Shoes Made of the new turned calf . in Blucher or regular lace; good, heavy soles. . Sizes 2V2 to 5y2; our $2.50 value. Special at, the pair ......$1.89 Sizes 13 to 2; our $2.00 value. Special at, the pair $1.69 Saturday, August 18th Store Closes at 6 P. M. John D. Rockefeller, during his recent visit to Europe, expressed himself as very greatly impressed by the thrift iness of the French people. He is re ported to have exclaimed admiringly: "There is no waste in farm or field; there is no waste in kitchen." As an unknown poet has said : Jest them words that-a-way. Now, this is profound wisdom, though it is not the Wisdom of Mr. RooUefeller. Mr. Rockefeller's repetition of it will, without doubt, make it an aphorism among certain- persons, and thus dissemi nate a great fact in economics. Thrift is the lesson that France has for the ma terially minded. That noble and versatile nation has many higher lessons to teach, but they are for persons not materially minded, but seeking higher things, or things more difficult of attainment. It is well to have this lesson brought home to ns every now and then. We print a lesson of practical thrift in these columns today. Study it well; if you learn the lesson you'll be here today. Applied learning will save you many dollars in this case apply yourself. Men's $3.50 Oxfords $2.19 Men's Oxfords in black or tan, Blucher or regular cut; fine selection; values to $3.50. Special sale price, pair.. $2. 19 Men's $5.00 Oxfords $2.98 Men's Oxfords in pat ent or dull leather made in the best possible manner over lasts that are the newest creations of modern shoemaking; values to $5.00. Special sale price, the pair $2.98 Men's High-Grade Oxfords MaSe- by Florsheim & Co., Hurley Bros., Edwin Clapp & Son than whom no better shoemakers exist your choice of any of these fine Oxfords at the following special prices: .... Our $7.00 value. Special at, the pair $4.95 Our $5.00 and $6.00 value. Special at, pair. $3.95 Silk and Dress Goods Bargains Today The call of the dressmaker will soon be heard1 thro 'out the land. Save when you may. ,No time like the present. Come today: Annex, Fifth Street, First Floor. Special today: In Dress Goods Shops. 2S00 yards 44-inch Silk and Wool Dress Goods; very swell fabric for dressy wearers; all colors to choose from; our regular $1.50 grade. Special at, yard S3 The Silk Store. Genuine "Royal" Wash Taffetas, in a full color as sortment; regular 75c grade; special at, yd..59J Hosiery and Boys Waists WOMEN'S 25c HOSE 19c Women's seamless Hose in black, tan, blue or pink, with lace boots or all lace; our 2oc value. Special at, the pair 19 INFANTS' 25c HOSE 15c. -Infants' mercerized lace lisle Hose in black, blue, pink or red: our 25c value. Special, pair..l5J BOYS' 35c WAISTS 23c. Boys' Blouse Waists in medium light shades; as sorted stripes and checks; our 35c value. Special . at ...23 Handsome $2.50 Axmin sters $1.85 Fourth Floor. Very popular Rugs, these Axminsters, and the in creased cost of materials, bringing in its train higher prices for the coming season, makes today's special sale doubly interesting to thrifty rug buyers. They're good size for parlor, sitting room, den, library or boudoir. In handsome col orings and Oriental and floral designs; fine quality and in shades to match any carpet. The best regular $2.50 values in Portland will be offered today as an extra Summer special at ....$1.85 LOST! Half the Price on Some Parasols ALL ARE PRICE-PRUNED Here's the chance for foresighted women to get a dainty, handsome Sum-" mer Parasol at trifling cost. And there's a plen ty of time yet for "wear ing" one of these neces sary accessories to wom an's warm weather toil ettes ere the rains come, whe you can nest it snug ly and lay it by for anoth er season's use. We've sharply reduced prices on entire stock of Parasols. Among the notable bar gains especially worthy of mention are the fetchingly pretty, Dresdens, and smart linens in great choos ing, some beautifully enhanced by embroidery and insertions. Pongees call attention, and the charm ing "Tokios" that bring a breath of fair Japan along with their unique Oriental beauty. This lat ter favorite from the land of Ito possesses 16 ribs, which adds a strength not generally found in 'sun shades." Reductions trend this way: The $3.50 and $4 Parasols, today $2.50 The $5, $6 and $7.50 Parasols, today $3.75 Beautiful "Tokio" Parasols, in colors, at Half Price $8 grades at $4; $10 grades at $5; $12.50 for $6,25. The pretty and elegant fancy Parasols in high grade makes: $15 values at $7.50; $17.50 grades at $8.75 ; $20 grades at $10. NEW $6.50 Black Hats at $2.19 Millinery Salons, Annex Second Floor. What's wrong t Not a thing. The hats are new for Autumn wear; just in from the makers this week. But we promised the millin ery management that during his New York trip we who stayed at home would sell off all stock and keep the busi ness "humming." And goodness me! 'twill be six weeks yet ere we hear the toot of the whistle on the train that brings "his lordship" home. But, about the hats: For women who "dote on black." Trimmed turbans and handsome broad-brimmed Dress Hats, built from soft and pretty horsehair braids and attractively trimmed with chiffon, roses and smart tips. Handsome, stylish hats, regular price $6.50. But, to make good our promise and "keep business humming," we're going to 6ell these hats, for wear now and during Autumn months, today "only, at $2.19. Women s Underwear and Hosiery End-of-the-Week Specials. End-of-the-Season Prices. Come today for these. First Floor. WOMEN'S 50c UNION SUITS 35c. Women's white lisle Union Suits, low neck, sleeve less, knee length; big 50c value. Special for to day at, the suit 35 WOMEN'S 35c VESTS 19c. Women's white Swiss ribbed Vests, sleeveless; lace insertion yoke; our 35c value. Special at...l9 Persian border frontier. and Tatar bands who attacked with such deter mination that Colonel Verven was forced to order his artillery Jnto action. Thev Tatar loss both in killed and wounded was heavy, six soldiers were wounded. Further attacks are expected. Prince Vatchnadse, an estate owner, was killed today at Kalaki, a village near Tiflis. The Persian colony here today cele brated the grant of the constitution by the Shah. BOMBS THROWN AT EMPLOYER Workmen Rescue Throwers From Grip of Police. TUZOVKA, Aug. 17. Two bombs were thrown today at Assistant Superintendent Chambers, of the Novo Rossisk Compnny, while he was driving in a carriage, which was demolished. Seeing that Mr. Cham bers was not seriously hurt, his assailants fired at him with revolvers, wounding his guard. The nolle arrested the bomb throwers, but they were rescued by a crowd of workmen. New French Embassy at Capital. PARIS. Aug. 17. When the Senate and Chamber of Deputies meet in November the Government intends to ask for an appropriation to Insure the erection of a handsome structure for the French Em bassy at Washington. Furniture-Makers Bankrupt. NEW YORK, Aug. 17. A petition in bankruptcy has been filed against William F. Mohr, doing business as F. Mohr & Co., manufacturer of furniture. A state ment of the condition of the business, on January 1, 1905, showed assets of $321. 732, and liabilities of $54.4S6. Judge Hough, of the United States District Court, ap pointed Wilbur Larremoore receiver of the assets, which are estimated at $300,000. Oysters cannot live in the Baltic Bea, tii reason being that It Is not salt enough. They can only live In water that contains at least 37 parts of salt to every 1000 parts of water. BURIED TUNNEL Cave-In Entombs Fifty Vir- ginia Miners. RESCUERS' FRANTIC WORK While Families Walt In Breathless Suspense, Comrades Dig to Reach Them Before Life Is Extinct. BRISTOL, Va., Aug. 17. Fifty men are entombed alive in the Clinch Moun tain tunnel at Clinchport, Va., as a re sult of a caVe-in, which occurred to day. It ls not known whether the men are dead or alive, but the work of rescue is being rushed as fast as pos sible. Air is being pumped into the tunnel by several pumps for a dis tance of 700 feet, and a large force of men is working in an effort to res cue the unfortunates before they per ish, if they are not already dead. The men entombed are chiefly na tives of that mountainous section of Southwest Virginia and the excitement and anxiety are intense. Men, women and children tonight were at the mouth of the tunnel awaiting news of those dear to them and pitiable scenes were enacted. The tunnel is being driven through ollnch Mountain for the South. & Western Railroad and ls to be one mile in length. It has already been extended- about 700 feet, and the men are a considerable distance in the hole. THREE BODIES TAKEN OCT Meager Additional Details of Tunnel Disaster Received. BRISTOL Va., Aug. 18. (2:40 A. M.) The telegraph operator at Alberts, Va., a small station on the Virginia & South western Railway, four miles from Clinch tunnel, on the Southwestern Railway, says it Is reported there that three men have been taken from the tunnel dead and two others seriously Injured. It is impossible to get further details for soma hours, owing to the remoteness of the scene of the cave-In j AUTO REACHES NEW YORK LABOR SHOOTS AT CANNON ' (Continued FromPaire 1.) not only Tiandle a traffic judged incon siderable by American standards, but do so inefficiently and inadequately. "I am more than ever convinced mu nicipal operation Is the last desperate re sort, to be invoked only when private enterprise has been tried and failed." DEFINES HUGHES POSITION Woodrurf Says He Will Not Ron Against Governor Higgins. NEW YORK, Aug. 17. The Evening Post today quoted Timothy L. Wood ruff, of Brooklyn, as saying that if Governor Higgins is a candidate for renominatlon for Governor of New York, Charles E. Hughes will not en ter a contest for the nomination. Mr. Wroodruff said that Mr. Hughes would not be a party to any factional strife. His proposed nomination by ex-Governor Odell was merely an expedient of the opponents of Governor Higgins, Mr. Woodruff said. ' MASSACHUSETTS IS RESIGNED "Accepts" Bryan as Candidate of Democracy In 19 08. BOSTON, Aug. 17. Resolutions "accept ing" William Jennings Bryan as the Na tional leader of the Democratic party and as its candidate for the Presidency in 190S were unanimously adopted at a meet ing of the Democratic State Committee held here today to make arrangements for the annual state convention. October 4 was named as the time, and Tremont, Boston, as the place for holding the convention. Makes New Transcontinental Record of 15 Days 1 Hour SO Minutes. NEW YORK, Aug. 17.-D. L. Whitman and C. 8. Carrla, who arrived at the Astor House here tonight at 11:55 o'clock in a 16-horsepower machine, thereby estab lished a new cross-continent automobile record of 15 days, 1 hour and 50 minutes. The former record 32 days and 23 hours they made In 1904. Mr. Whitman brought a letter from Mayor Schmttz. of San Francisco, to Mayor McClellan, of New York, express ing San Francisco's thanks for the as sistance tendered by the people of New York after the earthquake. Giving Details of the Row. WASHINGTON. Aug. 17. In response to Preeident Roosevelt's request for in formation concerning the situation at Brownsville. Tex.,. Acting Secretary AInsworth has forwarded the report re ceived from Major Penrose and will also forward detailed information of the in vestigation now being made by the mili tary authorities. I PR OPOSA For Printers and Contractors Here's a Case of Reciprocity Practically Applied. The Reed-French Piano Manufacturing Co. Want Work Done Office Carpentering Wanted We will have to fix up an office and a parlor or two to show pianos some people like to hear how a piano sounds in a parlor so we're go ing to fix one up. This work, according to a flgurer we had yesterday, will be about $300. We'll give yju a piano (as fine as ever crossed the Cascad.es) and we'll pay a ca3h difference besides if you'll do the work quickly. Printing Wanted We will want to sav quite a little by way of the printing press in the course of the year; we'd guess about $300 worth. We would like for you to look at one of our pianos see what you think of it, and If you be lieve what we say, of it, take it on account of printing, and if the piano isn't worth the printing we'll pay the difference. . . . v We can show a splendid little Instrument for $217 this Is one of our x own and there's but one profit to look out for if a retailer had hold of it, it would be no effort at all for him to get three and a quarter for It. Our combination piano player Is the king; of them all. It makes its own argument. We'd like for you to hear It. The Reed-French Piano Mfg. Co. "FROM MAKER TO PLAYER." Sixth and Bnrnalde. The Commonwealth Building. "It may be a little out of the way, but what of that."