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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (March 14, 1907)
THE MORXIXO OEEGONIAX. THURSDAY, RIARCII 14, 1907. PANICKY FEELING ON ILL STREET Railroad Stocks Tumble and Demoralization Js Threatened. WESTERN ROADS WEAKEST Northern Pacific Iowcst in. Sis Tears Union Pacific Loses Gain Jue to Dividend Pears for Harriman Merger. NEW YORK, March 13. Conditions bor dering on demoralization, with a panicky decline In prices, marked today's dealings in the stock market. Northern Pacltlc sold below any price within six years, Vnlon Pacific lower than at any time since the declaration of its 10 per cent dividend and Amalgamated Copper and 1'nlted States Steel preferred sold below par. Reading dropped 13. Great North ern 11 and Northern Pacific 10 from last night. At the low point a buying demand de veloped, which caused a rally. This was succeeded by another break and later by a renewed rally. There was no news ex cept the higher money rate to account for the slump, but Wall Street attributed irmch of the bearish sentiment to Euro pean influence. Just before the close there was another slump, carrying prices in some instances to the lowest of the day. Western Roads Weakest. There was no new development to. ac count for the heavy clearing, but it was generally attributed to the immediate needs of the money market. The 13th of the month calls for some large dividend payments and it is supposed the banks were obliged to call loans to provide resources for impending requirements. rrelgn markets also were upset by the money situation. Liquidation In Berlin and Ixmdon had an effect here. Western railroad stocks were the weak est, but declines up to 2 points and over were general throughout the list. Some of the more conspicuous losses were: tJreat Northern preferred, 7; Northern Pacific. 6: Northwestern. 6; Union Pa cific, 5; Northwestern, 6; Canadian Pa cific, 414; Reading. 4; Amalgamated Cop per. Z. and Sloss Steel. 5. About 43O.00O shares changed hands in the first hour. Call money opened at 6 per cent. Time loans were Quoted at 6 per cent plus a commission. Hill Roads Cramped for Cash. The special weakness of the Hill stocks was attributed to the fact that stock holders in those companies have made large commitments to take up the new is sues of stock and are left without ade quate resources to absorb market offer ings. Northwestern was affected in the same way. the falling due of subscrip tions to its new stock mi Frlrlav fnrmlno. an important element in the pressure upon the money market. The Pennsylva nia's J6O.O0O.0OO note issue and the. Stand ard Oil dividend are other requirements converging on that date. Union Pacltlc was affected by the supr posed plan of the Government for prose cution to dissolve the control of Southern Pacific' and to attack other transactions revealed by the Harriman investigation. WILL 'OT CALL IX DEPOSITS Cortelyou Agrees Not to Contract Circulation at Present. WASHINGTON, March 13. The Sec retary of the Treasury today an nounced that the S30.00d.010 which was tlepoHited in National banks the last of September to be returned about the be ginning of February would not be called for at present. Beyond saying that he was keeping a close watch upon the situation in New York Mr. Cortel you would not indicate what his plans were. On October 22. the Secretary of the Treasury authorized National banks that had Government bonds on deposit to secure public deposits to substitute for the Government's bonds state and muni cipal bonds, provided they would use the Government bonds so r"'ised to increase their circulation. Kl :i. million dol lars was fixed as tin lit of this in crease. The Secretary provided, how ever, that this increased circulation must be reduced at the rate of J3.O00.O0O a month, beginning on March 1. in view of the money situation in New York, Mr. Cortelyou thinks It unwise to compel a compliance with this order and therefore has stated that the banks that took advantage of this offer of Ortobpr 'SI may retain their increased circulation provided they substitute Philippine, Panama and Hawaiian bonds for the ettate and municipal bonds they now have oil tirpuMU The presence at the White House today of six members of the Cabinet, who called within a few minutes of each other, gave rise to. considerable speculation regarding the purport of their conference with the President. The Impression gained ground that it was a special meeting of the Presi dent's advlserg to consider some question of moment, but none of those present would admit that this call simultaneously with that of the others was anything more than a coincidence. It Is known, however, that some of the Cabinet officers were sent for by the President and, in view of the statement Issued later in the day by Mr. Cortelyou. It is believed that the conference at least with some of his advisers had to do with the financial situation in New York. Those who saw the President were Sec retaries Cortelyou, Taft. Metcalf, Straus, . Garfield and Attorney-General Bonaparte. Later Secretary Root spent some time with him. James Speyer, of the banking firm of Speyer & Co. of New Tork, also was at the White House and talked with the President. Mr. Root and Mr. Cortelyou had an other conference with the President this morning. Chairman Knapp and Commis sioner Lane, also of the Interstate Com merce Commission,- participated. Those who participated declined to discuss the conference. It lasted several hours, and Secretary Loeb said the subjects dis cussed related to the financial and rail road situation. Further than this no statement regarding what took place at the meeting was obtainable. MEND SOCIAL CONDITIONS Mrs. ' Sage Gives $10,000,000 to Study Adverse Causes. ' ALBANY. N. Y.. March 13. Mrs. Rus ell Sage, through her counsel, Henry W. lDeForest, authorized the following state ment In relation to tha Sage Foundation Fund, a bill incorporating which has been introduced in the Legislature: "I have set aside JIO.000,000 for the en dowment of this foundation. Its object is the raising of social and living condi tions within the United States. It will be within the scope of such foundation to Investigate and study the cause of ad verse social conditions, including ignor ance, poverty and vice: to suggest how these conditions can be remedied or ameliorated, and to put in operation any appropriate means to that end. "While having its headquarters in New Tork City, where Mrs. Sage and I have lived, and where social problems are most pressing and complicated, partly by rea son of its extent and partly because it is the port of entry for about a million im migrants a year, the foundation will be national in its scope and in its activities. "I have sought to select as my trustees men and .women who are familiar with social problems, and who can bring to their solution not only zeal and interest, but exeprience and Judgment." The trustees named by Mrs. Sage to carry on the work are: Robert W. De Forest, Cleveland H. Dodge. Daniel C. Gilham, John M. Glenn, Miss Helen Gould, Mrs. William B. Rice and Miss Louisa L. Schuyler, all of whom have had wide experience in philanthropic work. Available When Bill Passes. NEW YORK. March 13. It was an nounced today that Mrs. Russell Sage's gift of JIO.000,000 for the betterment of social and living conditions in the United States would be available as soon as the incorporation bill passed the Legislature. Henry DeForest said tonight: "Surely there will be no delay in pass ing the bill to Incorporate the Sage Foun dation. As soon as the bill is a law. the final steps in organization will be taken. We shall use, of course, only the interest of the J10.000.000. "Work will begin in New York first. There will be no individual work or any personal cases of districts relieved." FLOODS IN OHIO VALLEY PITTSBURG EXPECTS TO DRINK WATER TODAY. Heavy Rain Inundates Towns and Villages In Western Pennsyl vania and Ohio. PITTSBURG. Pa., March 13. The Mo nongahela. Allegheny and Ohio Rivers are rising rapidly tonight. A stage of 26 feet has been reached in this city, and by to morrow night 28 feet Is anticipated. This stage la six feet over the danger mark and will inundate the lower portions of the city. Reports from up-river points are alarm ing. A greater part of many towns in the Monongahela Valley is submerged, and many persons narrowly escaped with their lives. The property damage is heavy. A bridge at Harmarsville col lapsed, precipitating a freight train into the water and drowning three trainmen. FLOOD CAUSES THREE DEATHS Washes Away Bridge and Train Falls in Swollen Creek. PITTSBURG. March 13. Three men drowned, a railroad bridge washed- away and an engine and five freight cars In the water are the results of the rapid rise during last night ot Deer Creek,- near Harmarville. Pa., on the West Pennsyl vania Railroad. The dead: J. B. MIKKSBLL, an engineer. W, J. CAXTWELU fireman. -J. M. JOHNS, bralteman. A freight train which entered upon the bridge got no further ' than the second span when it gave way. Before the en gineer, fireman or brakeman upon the forward part of the train could realize what had happened, the bridge went down, carrying the engine, trainmen and five freight cars with it. One of the loaded freight cars was carried down the creek a quarter of a mile. Rain has fallen for the last 24 hours. JOHNSTOWN IS VNDER WATER Raging Concmaugli 1-ioods Mills and Swell Residence Section. JOHNSTOWN. Pa.. March 13. The Cone maugh River and Stony Creek early this morning broke out of their banks as a re sult of the heavy rains of the past 24 hours. The streetcar service has been abandoned and a number of mills have been forced to suspend operations. Mox ham, the aristocratic residence section of the city, is under varying depths of water, while a rise of six Inches more will in undate many of the principal business streets. WORST FLOOD SINCE 1873 Ohio Tow ns Under Water and People Rescued From Upper Windows. LANCASTER, Ohio, March 13. The worst flood since 1S73 swept over Lan caster today. The south and west ends of the city are inundated by the over flow and the water is over the pike for the first time In years. The Hocking Valley tracks are washed out for over a mile at Hooker's station and other sections are piled high with wreckage. The police and fire departments are rescuing people from the second stories of their homes in the west and south ends. WHOLE VILLAGES INUNDATED Cloudburst Near Zanesvllle Does Much Damage In Ohio. ZANESVILLE. O., March 13. A cloud burst five miles southwest of this city did property damage to the extent of thousands of dollars. At Crooksville, Roseville and White Cottage, small towns upon Jonathan Creek, hundreds of houses have been inundated. All Ohio Creeks Are Out of Banks. . COLUMBUS, O., March 13. Flood conditions prevail nearly all over the state. At Bridgeport all the creeks are out of their banks. At Hamilton, Seven-Mile creek washed away the Pennsylvania track and a freight train was ditched near Colllnsville and 13 loaded cars were wrecked. Pennsylvania Streams Swollen. PITTSBURG. March 13. Dispatches from all sections of Western Pennsyl vania report heavy rains last night and rapidly rising waters. Streams are al ready beyond their banks and much ter ritory is submerged. In the Connellsville region Dunbar is under six feet of water. Cincinnati Streets Flooded. CINCINNATI March 13. In this city before midnight an unprecedented rain storm burst over the city, flooding the streets and for a time stopping all traffic. Ohio Banker a Suicide. CANTON, O., March 13. Horace G. Mc Dowell, president of the Farmers' Bank, of Canton, shot and killed himself at his country home five miles north of this city this morning. He was known throughout Ohio as a breeder of nigh class sheep. GON FLICTOFUN I N 3 Federation Tries to Drive Out Industrials. GOLDFIELD SCENE OF WAR Industrial Workers Alarmed at In roads of Federation Organizers. Movement to Lynch the Leaders Is Thwarted. GOLDFIELD, Nev., March 13. - This morning a notice was posted on the bul letin board outside of the Industrial Workers of the World quarters, calling on all laboring men of any and all or ganizations to meet at the hall and dis cuss matters of the wageworkers and see If their differences cannot be adjusted. The call emanates from the I. W. W., which appeared alarmed at the prospect of many of Its members pulling away and joining the American Federation of Labor, which has many organizers in the field, and fears also that many independ ent unions will become affiliated with the American Federation of Labor, thus put ting the I. W. W. on the defensive: It is not believed that this call will receive a general response or interfere with the plans of the American Federa tion organizers, who are making great headway. Business men expect great things from this move. It will divide the I. W. W. and throw another general or ganization, composed of most of the skilled workmen, into the field in oppo sition. A movement started under cover yes terday afternoon, and had gained great momentum, to go to the Jail and take out Smith and Preston, held for murder, and hang them, but the prisoners had been surreptitiously spirited out of the town. Smith is president of the I. W. W. Work is resumed on nearly all of the largest buildings. The contractors armed their men and instructed them to allow no interference with their work. Any one not employed on the job was to be ordered off without parley and force was to be used when necessary. The build ing trades are as courageous and deter mined as ever In resistance to the 1. W. W. Barring two or three street brawls last night, the past 24 hours have been quiet. The saloons opened at midnight and most of the mines resumed work this morning, very few, however, with a full comple ment of men. The stores are all open. MAY SETTLE BY ARBITRATION End of Louisville Streetcar. Strike in Sight. LOUISVILLE, Ky., March 13. The end of the streetcar strike is believed to be in sight. Service on all the lines may be resumed by tomorrow night. A con ference between commercial interests, the street railway company and the strikers was held today in an effort to agree on an arbitration scheme. The meeting ad journed until tomorow morning. Mayor Barth issued an order today providng- for 100 extra policemen. There was no serious disorder during the day. No improvement was shown in the car service. Discomfort was added to incon venience and the citizens, with the novel ty of the strike worn off, walked to their places of business through a heavy rain. Chicago Boilermakers Strike. CHICAGO, March 13. Eleven hundred boilermakers and helpers struck today at the plant of the Chicago Shipbuilding Company after their demand for in creased wages had been refused. SCHAUGH DENIES CHARGES Did Not Encourage Insubordination Among Postal Clerks. LOS ANGELES, Cal.. March 13. H. G. Schaugh, the Los Angeles railway mail clerk suspended from the service on a charge of encouraging discontent and in subordination among the employes by or ganizing them and collecting funds to in fluence legislation, in a reply forwarded to the Second Assistant Postmaster-General today criticizes a Los Angeles de partment head, enters a denial of all the charges and courts an investigation. "Possibly I am to blame," he says in the reply, "for the inability of a Los Angeles man to handle his men. There Is no human being that I have advised to do other than follow all instructions and regulations to the letter." Mr. Schaugh Is firm in the conviction that his suspension was a retaliatory act instigated by a department head In the service here. "I have violated no Tule," said Mr. Schaugh, "and, if removed from the ser vice, it will be by dishonorable means. If I am to be suspended for this, it will appear that railway mail-clerks are not entitled to the privileges of American citizens." Inquiry among the members of the Postal Clerks' Brotherhood here, found them loyal to Mr. Schaugh and the or ganization. "We will go on with organization re gardless of any action of the department. I We also will stand by Schaugh," said one 1 or the men this morning. STEAMER ASHORE IN FOG Gowanburn Stranded on Beach of v Long Island. NEW TORK, March 13. While feeling her way through a fog that made the shipping movements along the coast pre carious today, the British tramp steamer Gowanburn, Captain Forbes, ran her nose in the sand off the south shore of Long Island and late tonight was fast aground. The steamer rested easily and was not believed to be In any im mediate danger. Tugs put to her aid, but their captains hardly expected to be of assistance before the fog lifted. The steamer struck at 4:30 this after noon ZM yards off Great South Beach, nearly opposite the Blue Point live-saving station and ten miles east of Fire Island. The life-savers made her out just before dusk, but because of the heavy seas which were running were unable to launch their lifeboats. No signals were received from the steamer, whose identity was not known until the life-savers finally got a line across her and sent a man aboard in the breeches buoy. Captain Forbes re mained aboard with his crew, but asked that a tug be sent to the steamer's as sistance. After midnight the Blue Point life saving station sent a man aboard the steamer. When he returned an hour later he reported fhat the vessel was in a bad position, but not leaking. She was aground fore and aft. The crew Is made up of the captain and 13 men and 17 Chinamen. All remain aboard. ASSURES AID TO RELIGION President Confers on Decline of Churches In New York. WASHINGTON, March 13. The decline of religious Interest in New York, par ticularly among workingmen, was the sub ject of a conference at the White House today between the President and Dr. Walter Laldlow, secretary, and Dr. Sage McDonald Mackey, representing the Fed eration of Churches of that city. The visit was for the purpose of enlisting the Presi dent's aid toward arousing a greater interest in religion in New York and thereby effecting the establishment of additional churches. The President's visitors told him that the number of these edifices was dispro portionate to the population. It was pointed out that there are less Protestant churches in -New York than there were six years ago, although there are six more Catholic Churches and eighteen more synagogues. The President displayed deep interest in the matter and promised to aid the cause in every possible way. ENJOINS NEW COPPER DEAL Federal Court Forbids Calumet to Vote Osceola Stock. GRAND RAPIDS. Mich.. March 13. Judge Knappen, of the United States Cir cuit Court today admitted that yester day he issued a restraining order forbid ding stockholders of the Calumet & Hecla Mining Company from holding a meeting for the purpose of voting proxies in the Osceola Company, and the hearing on an injunction was set for March 25. Judge Knappen refused absolutely to dis cuss the matter. The action before Judge Knappen was Instituted by Mr. Boynton, attorney for the Blgelow interests in the Osceola mine, and follows the failure of the at tempt to secure the signature of Governor Warner to the bill prohibiting the min ing company from voting stock in an other competing mine, which was avow edly Introduced to prevent the acquisition of Osceola by the Calumet & Hecla Mining Company. ClUERY faenyoupay$3for a M9KIBBIN HAT do you save 40 1 or-663? I ?iaBBifi TVJ 11 tleshlp Jena at Toulon yesterday con tinue to reach President Fallieres, includ ing messages from President Roosevelt and Secretary Root. EACH MAY GET LABORATORY Pure-Food Chemists Likely to Lo cate at Portland and Seattle. OREGONIAN NEWS BUREAU, Wash ington, March 13. Senator Bourne, who has been working before the Agricultural Department to secure the establishment of a pure-food laboratory at Portland, has been advised by Dr. Wiley, chief chemist, that no laboratory will be established in the Northwest at the present time, but probably in the near future the deport ment will consider the needs of the Northwest, and it now seems probable that one laboratory will be located at Portland and another at Seattle. In case only one laboratory is estab lished in the Northwest. Mr. Bourne will endeavor to have It located at Portland rather than at Seattle. - Big Land Deal in 3fcxico. TOGREON. Mex., March 13. The con summation of one of the largest land deals ever made in Mexico was reached today when the Continental Mexican Rubber Company took over the famous Cedres hacienda in the states of Cuahul la and Durango. Beside the land, which is valued at $7,000,000. there are also great herds of horses, cattle and smaller ani mals. The purchase price is reported to be $8,000,000. Roosevelt Expresses Sympathy. PARIS, March 13. Sympathetic mes sages regarding the disaster to the bat- Special Department for Women and Children Electricity, Electric Vibration. Electric Light Cure, with all of the latest reme dies applied. Nervous diseases and nervous pros tration made a specialty. The doctors of the New n jTa'i'Br'wiin nn inn iii'ffirX'" We Cure Another Spe cial Depart ment for Treat ing All Dis eases of Men L j bA11 private 'wastlnif dis 0 promptly ci 1 their effects whm nently erad t and iseaes cured and effects perraa- ntly eradicated from the system. vurv a.11 uiseases or ine eye, ear, nose, inroat and lunjrs, heart, kidneys, blad der, brain, stomach, catarrh, asthma, rheumatism, bronchitis, headache in somnia, deafness, chills and malaria, skin diseases, neuralgia, diabetes. Indi gestion, dyspepsia, dropsy, hemorrhoids and rectal troubles, and all forms of sores, blood, was tine and chronlo diseases. Eczema, blood and all skin dlse&ses promptly cured. All diseases of the Stomach., Indigestion and Constipation, permanently cured. GOITRE and all TUMORS and BLEMISHES removed and permanently cured. Vucaire Treatment for Ladies Excelled We Treat and Cure All Diseases Common to Men Consultation and Examination Free and Strictly Confidential If patient cannot call at the Institute, write for full Instructions. All medicine, are furnished to patients from the laboratory of the Institute. Office Hour J2 A. M. -9 to 11 A. M., 2 to 5 P. M.. and T to 8 P. M. Sundays, 10 to New York Medical and Surgical Institute Permanently Located mt Corner of Sixth and (323) Washington Streets. Flume Main ZW3. PORTLAND, OREGON. Lewi soli ns Buy Big Arizona Mine. GLOBE, Ariz.. March IS. The Inspira tion mine here has -been sold to the Lewlsohn interests for approximately J3, 000,000, constituting the largest deal ever made in the Globe district. The General Development Company, Adolph Lewlsohn, president, and J. Parke Channlng, con sulting engineer, is the purchaser. The consideration Is Jl.500.OfX) and the stock consideration Is tl,7O0.000. The stockhold ers will ratify the deal at a meeting in Globe on April S. Tow-boat Sunk, Two Men Drowned. NEW TORK. March IS. The towboat Cruiser, owned by the Monongahela River Consolidated Coal & Coke Com pany. 3truck the pier at Dock No.' 3 to night and sank. Two of the crew were drowned To Owners of Bad Breath Foul Odor of Indigestion, Smoking, Eating or Drinking Stopped at Once With Stuart's Charcoal Lozenges. Trial Packasre to Prove It Sent Free. Bilious breathers, onion eaters, indi gestion victims, cabbage consumers, smokers, drinkers and those with gas on the stomach are in a class all by them selves, distinguished by a powerful bad breath. They all breathe, and as they breathe, they whiff out odor which makes those standing near turn their heads away in disgusts The pitiable part of it is that these victims do not realize what a sick ening thing a bad, offensive breath is to others. . - Charcoal ts a wonderful absorber of gases and odors. It absorbs 100 times its own volume of gas. Stuart's Charcoal Lozenges will put a stop to your bad, orrensive breath, and to your belchings. whatever the cause or source, because the charcoal quickly ab sorbs all noxious, . unnatural odors and gases. If you suffer from Indigestion and belch gas as a result, Stuart's Charcoal Lozenges will absorb all the gas and make you stop belching. If on getting up in the morning you have such a bad, bilious breath, that you can almost smell it yourself, Stuart's Charcoal Lozenges will get rid of it for you quickly. If you have been smoking or chewing. or have been eating onions or other odorous things, Stuart's Charcoal Loz enges will make your breath pure and sweet. Charcoal is also the best laxative known. You can take a whole boxful and no harm will result. It is a wonderfully easy regulator. And then. too. it filters your blood every particle of poison and impurity in your blood is destroyed, and you begin to notice the difference in your face first thing, your clear complexion. Stuart's Charcoal Lozenges are made from pure willow charcoal, and just a little honey is put in to make them palatable, but not too sweet. They will work wonders in your stom ach, and make you feel fine and fresh. Tour blood and breath will be purified. You will feel clean inside. We want to prove all this to you. so just send for a free sample today. Then after you get it and use it, you will like them so well that you will go to your druggist and get a 25c box of these Stuart's Charcoal Lozenges. Send us your name and address today and we will at onoe send you by mail a sample package free. Address P. A. Stuart co- S3 Stuart Bldg., Marshall. Mich. i The United States Government supplies its troops with gov ernment inspected meats? Simply to preserve the health of our great fighting body. Why do the great est hospitals of our country use govern ment inspected pro ducts? The answer is ob vious to aid their patients to a speedy recovery, and when well to keep them so. Is not your health ; of as great import as the two classes men tioned above? Then see to it that you have United States Government Inspected Meats and no other. MADE ENTIRELY OF PORTO RICAN TOBACCO That's more than can be truthfully said about many cigars sold you as Porto Rican. The recent increase in the cost of Porto Rican tobacco has brought forward many so-called Porto Rican cigars which are made largely from tobacco grown in the - United- States. That's why you should be more particular than ever, to. get the genuine ,r ; . gjgg mm EL TORO Breva-frinas (Exact size and shape) Also made in PaneUla and Panetela Finos ELTORO Cigar 5 Cents This is one cigar you can be sure is Porto Rican in quality as well as in name, made in Porto Rico, exclusively of Porto Rican tobacco. El Toro cigars now being marketed are finer in quality than ever before because of the superior excellence of this year's to bacco crop in Porto Rico, from only the choicest selections of which El Toro is made. There's a band now placed on all genu ine El Toro cigars. 1 Toro is superior to any other cigar sold at five cents. Porto Rtcan-Axnerican Tobacco Company Manufacturer, San Juan, Porto Rico. MASON, EHRMAJi A Co, Distributors, Portland, Or. Said Kornelia Kinks as she sat on her throne, "Oh! I feels like a Queen with two slaves of, ma own; While one of dem fixes ma ribbons and bows, De other keeps busy a-tickling ma toe." Tickle your palate "with "Korn Kinks," the new malted corn food. It will give yon a new sensation, 'drive dull care away, is easily digested, and supplies more strength than you can gain from any other food. Try it it's only a nickel, you know. THE H-O CO., BUFFALO, N. Y. y&A 1.1 13 I4J ts'ia BBSlSilb, It Ji iuD Ym I m II til LVr! i'll V M ''m m v i t 11 Lilt MALTEB CORN"FLAKlSReady.to Serve Hot or Cold IMS l S am