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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Dec. 7, 1907)
BIOKlvrNG OKEGOIVIAJT, SATURDAY, DECEMBER 7, 1907. ONLY SELLS HALF OF CANAL BONDS Cortelyou Accepts Bids of the Small Subscribers for Only -$25,000,000. PREMIUM IS 3 PER CENT Cuts Down Amount Because Busi ness Has Improved Since Offer Made Allots Only $15,000, 00 0 of Debt Certificates. WASHINGTON, Dec. 6. The Secretary cf tlia Treasury ha accepted bids for the Panama Canal bonds to the amount of J25.000.000. The averntre price of all the bills accepted Is 103. Under the terms of the law and the Secretary's acceptance of these bids, the allotments of bonds of Individuals and Institutions will be con fined to small subscriptions from $10,- down to $20. The amounts of bids from individuals, and Institutions which it has been pos sible to accept will, as heretofore stated, not be large. The remainder of the ac ceptances will be bids of National banks. The bids accepted have come from every section of the country and are mostly in Miinll emnunlf. Send Notice to Bidders. Secretary Cortelyou further says that the notices of acceptance will be pre pared and mailed to the successful bid ders with the least possible delay. The notices will state that payments for the bonds will be expected to be made at the Treasury of the United States , or at i-onio sub-treasury, as stipulated In the Mils of the subscriber, within ten days from the receipt of the notice by the sub scriber. All subscribers should await receipt of the notice from tlie Depart ment before taking any action respecting payment for bond Cuts Amount One-Half. The offering of Panama Canal bonds was largely over-subscribed, but the Im provement in business conditions follow ing the announcement of recent measures of relief by the Treasury Department is regarded by the Secretary as warranting him in limiting the issue at this time to half the amount offered, namely $25,- The allotments of S per cent certifi cates will not. the Secretary says, exceed JiS,(X0,). These have been confined to National banks throughout the country, which were In position to take out at once additional circulation, this being a m ensure designed to afford Immediate re lief, inasmuch as a considerable time would necessarily elapse before the Pan ama Canal bonds could be put on the market. OLI riTTSBVKG BANK CLOSES Pitt National Suspends Depositors Are Full j. Protected. PITTSBURG, Dec. 6. The Fort Pitt Na tional Bank o tills city failed to open for business this morning, a notice on the door announcing that "the bank was closed by order of the Controller of the Currency." It was signed by John B. C'ummings, National Bank Examiner of this district. President Andrew llerron, of the bank, said to the Associated Press today: "The depositors are fully protected. The suspension was precipitated by occuk rences of yesterday, which made it neces sary to close the bank for the protection of all concerned." The suspension had no apparent effect upon other Institutions of the city. Dur ing the morning hours there were not more than 20 depositors about the bank. The bank was organized in 1859. An drew W. Herron is president, and Charles S. Lindsay cashier. The directors include prominent and wealthy citizens. The de cision not to open the bank was reached after a meeting of directors with the rlearing-house committee yesterday. Bank -Examiner Cunningham was notified and took charge. It has been known for some time that the bank was short of currency and1 that its reserve fund was below requirement. The clearing-house committee Is -said to have declined to advance any reason for refusing to render further help. "In the opinion of the directors," the statement says, "the Fort Pitt Bank is entirely solvent. Its depositors will be paid in full. Yesterday the clearing-house committee directed that a large amount of cash should be raised and placed in tile bank at onoe. Under the present tinanciai conditions this course was im possible." The statement issued to the Controller of Currency December 3 shows that the hank had a grand total of resources amounting to $5,622,142.01. Of this, the loans and discounts were $3,761,606.89; Stocks and securities, $191,975.50; banking house and real estate, $265.05.60; money flue, exchanges, etc., $414,891.83:' United Htates bonds and redemption funds, $525, iK. To balance this among the liabilities are the capital stock, amounting to $1,700,000; ftirplus and undivided profits, $1,137,809.06; National bank notes, $500,000; due to banks snd trust companies. $2S3.960.59; check deposits, $1,937,614.76; clearing-house cer tificates, $500,000. Avenue Bank of Commerce, the two other small concerns that closed yester day. An effort will be mads to reopen these banks at once. EXPECT BANK TO PAY IN FULL Depositors and Examiners at Kan sas City Are Confident. KANSAS CITY. Mo., Dec. 6. There nerp.no evidences of a run on any of the local banks today. James T. Bradley, appointed receiver of the National Bank of Commerce yesterday by the Controller of Currency, has wound up the failure of the National Bank of Commerce of Topeka, Kan., and his success has In spired many of the larger depositors of the Commerce with the hope that he TV 1 1 1 ne Bum iw umnc Liieti oanK pay out In full. X The failure of the National Bank or Commerce had no apparent effect upon tiie Commerce Trust Company, whose president. Dr. Woods. Is also president of the bank. Many depositors of the Na tional Bank of Commerce have opened accounts In the trust company, as well as with other local banks. W. F. Kemper, vice-president of the Commerce Trust Company, said they had already received close to $300,000 of new deposits from that source. One of three small banks in the sub urbs of Kansas City affiliated with the National Bank of Commerce that closed late yesterday, the First State Bank of Argentine. Kan., reopened and this morn ing W. Mlddlekauff, its cashier, says It Is perfectly sound. J. Koyce, State Bank Examiner of Kan sas, says there was no necessity of its closing its doors. ' John Swanger, Secretary of the State or Missouri, and State Bank Examiner Cook today took charge of the Stock yxds Bank of Commerce and the Union- New Laws for Trust Companies. NEW YORK. Dec." 6. The commission appointed by Governor Hughes to recom mend changes In the state banking laws has under consideration, among other things, changes in the laws regarding trust companies which will require large reserve funds to be kept. The first plan Is for all trust companies to keep on hand 25 per cent of all deposits, of no matter what character, 10 per cent to be deposited in banks and the other 15 per cent to be kept In the company's vaults. The other; jlan provides for a reserve fund equal to 25 per cent of all deposits, with only a nominal reserve, perhaps only 5 per cent required on time deposits. The passage of laws embodying either of these plans, it is thought, would Induce many of the trust companies to enter the clearing-house or establish a similar cen tral body of their own. France Wll Send More Gold. PARIS,' Dec. 6. The Bank of France, expressing the desire of France further to assist the United States financially, will continue . indefinitely, to remit gold to the United States by discounting American shipments by sending gold to Kngland through the purchase of time sterling bills. This aid will be rendered so long as possible, but always with the understanding that the Bank of France will meet first the gold 'requirements of French banking Institutions. t Gold Engagements $01,900,000. IX)NDON, Dec. 6. The United States bought 101,000 in bar gold from the Bank of Kngland today. The Indian Secretary today released 1.000.000 gold on the open market from the Bank of England. NEW YORK. Dec. 6. Heidelbach, Iek leheimer & Co. today engaged $500,000 gold, abroad for import. This makes total en gagements $91,900,000. New England Has Not Recovered. BOSTON, Dec. 6. Although the busi ness section in New England Is now re covering from the depression which be gan several weeks ago. curtailed opera tions and closings are still being reported among smaller Industries. In some re mote cases, however, mills are being abandoned because the manufacturers see no indications of an . early recovery In the situation. Wyoming Resumes Cash Payment. CHEYENNE, Wyo., Dec. 6 A cali lor a statement by the Bank Examiner of all state banks of Wyoming shows that all have an available cash balance in excess of the required 30 per cent, and cash payments have been resumed in practically all parts of the state. CHINESE START FIGHTING HOP SINGS KILL A WITNESS AGAINST THEIR TONG. Wang Fong, a Bing Kong Man, Slain on His Way to Court May Start Tong War. SAN FRANCISCO. Dec 6. While on his war to court this afternoon to testify against Chung You, a Hop Sing man, Wang Fong, secretary of the Bing Kong Tong was shot and killed on Webster street, near California Ay Kong On, a member of the rival tong. The latter, who is said to be a gunflghter. for the Hop Sings, waylaid Wong Fong and silenced his Hps forever by firing five shots at him, two of which took effect. Half an hour later, when the name of the witness was called, Wong Fong was lying on a slab In the morgue. The slayer tried to flee but was captured by Osgood Putnam, an attorney, who pur sued him In an automobile. Kong' On denied he was detailed to' kill the Bing Kong Tong man but declared the murdered man owed him $500 and re fused to pay. The police, however, state that the $500 represented the price placed on the head of the witness against Chung You. The latter is on trial for perjury. arising out of a tong war. The police fear there will be further trouble between the warring tongs. S " STILL FIND NO MOTIVE Mystery as to Sirs. Blood good's Sui cide a9 Deep as Ever. BALTIMORE, Dec. 8. The body of Clara Bloodgood, the actress, who com mitted suicide by shooting in her room in the Hotel Stafford last night, was faken to New York today by her hus band, William Lalmbier, of New York. Mr. Lambier was stage manager of the company of which his wife is a mem ber. He could give no clew as to the motive for her act. Others ascribed it to fear of a possible physical break down, a large number of one-night etands having affected her nervous system. The members of "The Truth" . Company left for New York City later. It was learned today that Mrs. Blood good bought two revolvers here, but one was found, so far as known, after her death. Had Money Tied Up in Bank. NEW YORK, Dec. 6. Friends of Clara Bloodgood, the actress, who killed her self at Baltimore, state that she had been somewhat worried over the financial Hurry in New York, although they do not beUeve that this worry had enough effect on her mind to cause her to killl herself. It is said that a large sum of money recently left to her by relatives was de posited in one of the banks which re cently closed its doors. Intimate friends state that the sum tied up in the bank is at least $250,000. Bloodgood Funeral Toddy. NEW YORK. Dec. 8. The body of Clara Bloodgood. Jhe actress who com mitted suicide at a hotel in Baltimore yesterday, was brought to this city to day. Funeral services will be held at noon tomorrow at St. George's Protestant Episcopal Church. The interment will be made privately. The causes which led to the suicide of Mrs. Bloodgood are apparently still a mystery to her friends here. Form New Jesuit Parish. The Jesuit Fathers have taken charge of the new parish, which has been- estab lished at Laurelwood. on the Mount Scott railroad. A hall has been secured for services. - Rev. F, C. Dillon, S. J., has charge of the parish. Father Dillon came from Seattle, where he was presi dent of the Seattle College. Riot Jury Disagrees. DUBLIN. Dec. 6. The jury before which James P. Farrell, Irish Nationalist member of Parliament for North Long ford, and 40 other men were being tried on charges of taking part in an unlaw ful assembly likely to cause a riot, has disagreed. Brauer's har.d-palnted china at Mer ger's, 842 Washington st. The Greater. Gevurtz Store's Astonishing Offerings for fonlglit's 66 After-SMppei S sites 99 The third in the series of these popular Saturday evening bargain events. Those who would share in these remarkable "After Supper Spe cials" must come between the hours of 7 and -.10 P. M. Positively no article named will be sold at less than regular prices before 7 o'clock tonight absolutely no exceptions will be made to this rule. Hundreds of other extraordinary bargains not printed here will be offered all day; every advertised special of the week holds over for tonight. BUY USEFUL GIFTS FOR CHRISTMAS NOW AT UNUSUAL BARGAIN PRICES. 1 ' Rare Bargains in the 43k J&Lj$?&& Dasemeni nouse- Parlor Lamps Unusual Values Handsomely Decorated Parlor Lamps, best regular values in the city, special in the sale as follows: $2.00 Lamps for $1.10 .12.50 Lamps for. . $1.20 $7.50 Lamps for $4.85 AMERICAN PLATE MIRRORS 35. A splendid grade of above Mirrors,10xl2-incb size, in oak irame, with brass trimmings, 60c value, special at....ooT 35c China Cuspidors, good colors "L5$ Kitchen Lamps, one-burner 15$ Decorated Salt and Pepper Shakers, our usual 20c kind, special at 10 A lot of oddments and endments in Plates, Soup Plates, Berry Dishes, Fruit Dishes, Saucers and Pickle Dishes, at the ridiculously low price of, each ....'1$ Bowls, Platters, Butter Dishes, Sugars and Creamers, special at, each 5$ All plain "White Dishes during the three hours of this great sale at exactly 1-3 OFF $1.50 AND $2.75 COUCH COVERS, 85$. 7 to 10 P. M. only Second Floor. A timely bargain for Saturday evening buyers. Buy 'em for Christmas giving. A lot of handsome Couch Covers, 48x60 inch size, beautiful colorings and in Oriental striped de signs, special, $1.50 to $2.75 values for .85$ LARGE, BEAUTIFUL OIL PAINT INGS, 9S. A splendid collection of desirable subjects, embracing beau tiful landscapes and other scenes, large size, suitable for parlor or living rooms, set in heavy gilt frames; would sell readily at $5.00, special Saturday evening for. . ..98$ SENSATIONAL SALE OF LACE CUR TAIN STRETCHERS. A most wanted household article. Every housewife needs one. Saturday night we'll sell you a $2.50 Lace Curtain ' Stretcher for .'-..05 HANDSOME $5 FIRE SCREENS, $1.00 A few left of these startling values in really beautiful Screens; some of the rich Japanese effects included. A few are slightly store-worn, but all are a wonderful value. Worth to $5.00 this sale choice for $1.00 Only two to any one customer. " .MAGNIFICENT $12 IRON BEDS, $6.50. A value to make your eyes glow with appre ciation. This handsome Bed stands 5 feet 11 inches high, built in strikingly beautiful de sign and attractive col orings of blue, cream and Vernis M a r.t i n, trimmed in gold-. It has heavy posts, is the best regular $12 value sold, but special in the sale at $6.50 HANDSOME GAME PICTURES, 255. INSTEAD OF 76c. An attractive lot of pretty Pictures, suitable for the dining room, 12xl8-inch size, in neat weathered oak frames, 75c value, special at ". 25$ $2.50 FRENCH-PLATE MIRROR, $1.25. A 12x20-inch Mirror, in splendid grade of French plate, framed in -solid quartered oak, as above, a regular $2.50 value, special for $1.25, or HALF PRICE Think of it! A Marvelously Sensational Offer! Step Lively if You Want One of These $60 Sewing Machine for $1S "We have a few more of those famous "Gevurtz Special" Machines which we sell regularly at $25 but the regular $60 Ma chine of the agency, the most celebrated make in the world. "We don't dare tell the name of the mak ers, le6t we destroy their agency business and be re fused their machines. With all latest improve ments. droD-head. swell front, full set of attachments, etc. This special lot in ques tion contains machines slightly shopworn a scratch here and there, just what it might get in moving, but otherwise perfect and easy running. While they last we will close them out, for cash, at $18.00 $3.50 HEATERS, $1.95. , A seasonable and timely offering sure to appeal to rooming house keepers and housewives. A good steel-lined air-tight Heater, with bottom draft. A bargain at $3.50, in this sale for $1.95 BEST $1.75 KITCHEN TABLE, $1.25. This Table is really better than we've described it. "We know it sells in town for $2.25; not one of the trashy sort or "cheap," but built from seasoned spruce that will not warp. Our best $1.75 Table, special for $1.25 $1.75 IRON UMBRELLA HOLDER, 98. A handy Holder for the hall or office at a great bargain.98 Extraordinary Values in Rugs and Carpets All-Wool Velvet Rugs, in beauti ful colorings, Oriental and exquisite floral patterns. A wonderful bar gain, $2.50 values, special at $1.25 $1.50 TAPESTRY FOR 90. Better carpet the floors while carpets sell this way. For three hours only 7 to 10 Saturday evening, we shall offer choice of three beautiful patterns of tapestry, in red ground and Oriental figure, green ground with same, and a handsome two-toned green. Not more than two carpets to any one customer. The carpet cut off only. Best regular $1.50 value for, the yard 90 50c "ARMENIAN FILLER," 35. Handsome red and green colorings in "Armenian Filler," used for laying around rugs and carpets as borders, or for dens, smoking-rooms, etc. ; full yard wide ; 50c quality, special for, yard ...J35$ 60c LINEN WARP MATTING, 22i2c. A choosing of various colorings and styles in splendid quality Matting, 40c, 50c and 60c qualities, special at, yd...22y$ 60c BRUSSELINE CARPETS, 42. Good quality of Brusseline, for hall or stair floor covering, 27-inch width, reds, greens and tan mixtures, pretty pat terns. Regular 60c value, special at, the yard 42$ 75c INGRAINS, 45$. Fine Ingrain Carpets, fully two-thirds wool, and warranted fast colors; cut off only none to dealers. The regular 75c grade of Ingrains, in this sale, 7 to 10 P. M. only, at, the yard 45$ $35 Buffets $21.50 A handsome Buffet in rich genu ine quartered oak finish; would make an exceptional gift for the holidays. An aristocrat in the "Buffet family." Our. usual $35 grade, special at $21.50 Special "After Supper" Bargains IN WANS VP ALAMM. tatr. Alarm Clocks and Rings $1.00 "American" Alarm Clocks 67$ $2.00 Alarm Clocks, with a spasmodic or intermittent alarm that rings every other minute for a moment's duration until the sleeper wakes and stops the alarm. Spc1..$1.35 $2.25 Alarm Clocks, special at ." $1.48 MEN'S $12.50 GOLD RINGS, $6.85. Heavy, handsome Kings, in beautiful settings, choice of all popular stones, values to $12.50, splendid for Christmas giving. Special in the sale for $6.85 SPECIAL SALE Exquisite Evening Waists The Woman's Chance to Save Saturday evening we shall offer in the Women's Apparel Salons some remarkable bargains in beautiful Lace Waists for evening wear. Dainty conjurings of expert needlework ers; handsome creations in white or ecru, with exquisite trimmings of pretty insertions and embroideries: $ 6.00 Waists $4.25 $ 8.00 Waists $5.75 $12.50 Waists $9.50 All the waists are at special reduced prices Saturday evening during this sale. Men's Cravenettes Shoes and Topcoats Underpriced $17.50 Cravenetted Overcoats $11.85 Stylish models in the newest popular craven etted materials, tai lored in exquisite workmans hip, very swell patterns in the new gray checks and neat plaid effects. $17.50 values, strictly rainproof, but stylish e n u f to wear in any weather. Special at $11.85 MEN'S $17.50 TOPCOATS, $11.65. Stylish coverts and fashionable mixtures, in gray and tan effects. MEN'S $3.00 SHOES, $2.15. MEN'S $3.50 SHOES, $2.65. In latest stylish lasts, vici kid and box calf, solid leather. F I. GEVURTZ & SONS'm Gevurtz Furniture Department Store Credit House FIRST STREET ON YAMHILL, THRU TO SECOND STREET r The Greater Gevurtz Stores The Greater Gevurtz Stores GALE IN SAN FRANCISCO Wind Does Much Damage to Ship pingFerry Service Delayed. SAN FRANCISCO. Dec. 6. A gale last ing an hour and a half raged round the bay today, causing much danger and In convenience to shipping. Several or t'.ie smaller craft in Mission Bay were blown from their moorings. The British steamer Cralgvar, which' has been unloading coal at the Mission street bunkers, while being shifted, was carried by the wind and tide against the wharf. Her rails struck on the bunkers, causing considerable damage. Much difficulty was experienced in run ning the ferryboats on schedule and sev eral of them shipped- heavy seas. Northwest People In Chicago. CHICAGO, Dec. . (Special.) Oregon people who registered at Chicago hotels today are: From Portland Seld Gain, at the Grace; H. M. Covey, at the Kaiserhof; M. D. Wisdom, at the Grand Pacific; F. W.' Prael, at the Majestic. Royal Wedding Soon. BERLIN, Dec. 6. The engagement Is announced of Prince Ferdinand of Bul garia and Eleanore Caroline Casparine Loulse, Princess of Reuss. Fine Seth ThomM clocks at Meta yer's, 842 Washington street. HEALTH BAD, KILLS SELF Andrew M. Cazad, of Roseboxg, a Suicide at Santa Cruz, Cal. SANTA CRUZ. Cal.. Dec. 6.-Thig aft ernoon Andrew M. Cazad, a half-brother of C. I. NorriB, of the Norrls & Rowe Circus Company, committed suicide at the family home by shooting himself. Cazad, -who is a member .of the B. P. O. E., Roseburg, Or., has been In ill-health for some years. Indorse Governor Hughes. WATERTOWN, N. T.. Dec. . The Lincoln League, the leading Republican organization of Northern New York, with a membership of 1500, has adopted resolu tions recommending Governor Hughes to all Republicans as the next nominee for President. Deserted Baby Xow Normal Child. TACOMA, Wash.. Dec. 6. Edna Am brose, age 8, who was deserted by her parents because she was blind and appar ently half-witted, is now a normal child and one of the brightest In the Washing ton Children's Home. Through the co operation of. Superintendent' Revelle and the Pierce County Commissioners an op eration was performed on the eyes and the child's sight restored. In a few days after the bandages were removed and the child was permitted to use her eyes, her mind became as bright as that of any child and she now bears no resemblance to the pitiful little being picked up by the. county officials a few months ago. Good care and the use of her eyas have worked a complete transformation. Nothing has been heard of the parents. MEN DON'T foolishly neglect your health if afflicted with varicocele, stricture. ual weakness. catarrh, rheumatism, piles, bloo-i poison, urinary trouble or any nervous or private, diseases when you can ! cured for A FEE OF $S at the office of The Old Reliable SoeclaUst, Dr. Pierce. 181 1st St., Portland, Or. 107.2