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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Jan. 11, 1908)
L IN EVERY VENTURE Title Trust Officers Poured Out Depositors' Coin in Un- ceasing Stream. SQUANDERED BY SCHEMERS Deals Through Which Institution Was Wrecked Brought In No Gains Fictitious Profits Hid Abstraction of Hard Cash. If the prodigious losses of the Title Guarantee & Trust Company are fair proof, the officers of the wrecked in stitution were the boldest bunco bankers, or else the most stupid, Port- . land ever saw. Without a blush or a 'pallor, they entered loss after loss into their accounts. Their .schemes are a record of pay, pay, pay with' deposi tors' money everything; going; out, 'nothing coming in. The schemes by which the bank was gutted brought in no gains worth men tioning, except for the Marquam build ing, which was marked up $194,000 for enhanced value, after the Supreme Court rendered a decision, confirming . title in their hands. The other earn ings are those of the several depart ments of the company insurance, ab stract, real estate, eta. Commissions appear as accruing from sale of this or that from one. subsidiary corpora ' ti'ui to another, or from sale of bonds of some company to or through the bank. But one looks in vain for profits from the numerous invest ments That "the bank held the money of ' depositors no better than, a sieve holds water and will be evident from the fol lowing list of heaviest losses, entered Into profit and loss, or into "sus pense" account, or carried in the guise of assets, at par value: Where the- Money Weut. Trrlgon (irrigation scheme).. . .1250,000 Lafe Pcnce (flume scheme).... 1)0,500 Profit and Loss Account.' Sllverton electric plant . 72.43S Silver .Creek L.umher Co 6.276 Marion County wood account. . 7.254 Stearns Fruit & land Co 6,329 J. A. Kerr tnote; 5.000 Other notes 10,000 Miscellaneous (charged .June SO. 190C) 62,754 Itoselawn Colony trust. 9,0fi0 John Poole, mortgage 6,238 Hall Laver, mortgajy 2,943 Suspense Account. Iver trust. . 25.000 Fourth Plain Evaporating Co., fi.sno Roselawn orchards o,5 '0 t;nUlbug syndicate 66,356 Great Central Rnilway 9,732 Layer partnership trust 6,000 Pac. Packing & Nhv. Cu. Alas . ka salmon trust) bonds and stocks 7-500 Total ..$662,880 Nor are these all the losses. Numerous siimll ones appear in the profit and loss account and there are many In the sus pense account, disguised wiht entries not yet untrtHsked. The bank officers had a plan of recording losses in two accounts . profit and loss and suspense. The sus pense was a junk account, into which all manner of trash was dumped and. some few good Items. When depositors- money was drawn out. a. piece of Junk would be dusted off and held as an asset to bal ance the weight of casW wihtdrawn. The hank officers would- not describe the transaction in this manner, but such was its effect. Xo Real Profits Shown. The profit side of the profit and loss ac count contains Items such as: "Safety deposit vaults earnings." "department earnings," "general earnings." trust de partment earnings;" and the largest Item Is enhanced value of Marquam bui.ldtng. J134.00O. which lay for a time on the credit side of the suspense account. One looks in vain through the, profit account for gains from the multifold schemes of high finance In which the bank was engaged. If the bank or the subsidiary companies made profits out of depositors' money, the profits went into the pockets of the promoters, not Into the coffers of the bank. But whatever losses were, in curred were charged' against the' bank, and entered either In profit and loss or in suspense account. When the lops ac count loomed up too big. the suspense account was used to hold loss additions, until such time as it would be well to transfer thrm. A large batch of suspense losses -was transferred to profit and loss June 30. IWrt. Just before the annual mpetlng of stockholders. On June SO. 1907, the profit and loss account, doctored up for the an nual meeting of stockholders, showed a, credit halance of $A4.3S1. meaning that the aggregate profits were that much ahead of the aggregate losses. Bonds Listed at Par. One of the assets which the bank of ficers listed as worth $250,000 or more, is J2K6.000 bonds (par value) of the Oregon l.and A Water Company, which has un dertaken to irrigate some S000 acres of land at lrrigon. I matllla County. These bonds are probably worthless. The com pany owes the bank $;)2.000 In the form of an overdraft, and other obligations make the total debt about J10O.OOO, aside from the bonds, aggregating more titan $300,000, The assets of the company are worth probably not more than 1100.000. To com-; pieie ine irrigation project win- neea an additional expenditure of some $150,000. Bo here we have the- Orepron band & Water Company without money in its treasury, in debt. Its bonds valueless, its project unflniehed and needing $150,000 n-w money. The company has sold some isnt acres of land. 'which depends on the company's water 'supply. The company has contracted with the buyers to water . their land, and now cannot carry out Its contracts. Work on the project has sus pended, and there are not even funds available to keep existing canals In op eration. The company's water rights have been assailed, and litigation must follow In order to protect them. Was Ross' Golden Dream. This project has been one of J. Thor burn Row' fondest illusions. It was go ing to make him rich beyond the dreams of avarice. Only water was needed to make the rrrigon sands sprout with gold. Wherever water was placed trees and grain and grass sprang with wonderful quickness and vigor. Ross sold $266,000 bonds (face value) ;o his bank at 80 cents on the dollar. Immediately marked the bonds up to par and credited the en hanced value. $53.9X. to earnings of the bank, from commissions. Ross thought, or professed to think, that he could sell the bonds at par. When the bHnk fell. Secretary J. B. Altchlson was In the East trying to sell them and to save the bank with the proceeds. Ross ipent him frantic telegrams to hasten the deal, and said the sale was all but eon Ml OSTMQREY cummated when the bank crashed. But as a matter of fact there never was any chance to sell the bonds. The irrigation project Is not worth the face .of the bonds at least the Irrigation works- are not. That there must be heavy losses and a clean-up before the project can go ahead seems evident. -It will cost $250,000 to complete the scheme $100,000 to liquidate debts and $150,000 to carry on work to the finish. The bonds probably will be lost. With them will go $250,000 of the money of the Title Guarantee & . Trust Company, per haps more. ' Carried Project Six Years. The Ross bank carried the lrrigon project about six years. Ross organ ized the Oregon Land & Water Com pany to handle it. Some years before, D. W. Bailey, of Pendleton" -first con ceived the scheme and filed on the water in the (Umatilla River. Under his promoting some $40,000 was sunk. Then C. B. Wade, the Pendleton bank er, took up the project and sunk an other $40,000. Ross then secured pos session. In the last three or four years he dumped in large , piles- of bank money, the precise sum not yet ascer tained. ' In 1902, Ross planned to get' posses sion of about 3000 acres of Government land under the desert land act by - a method which other operators, under the timber and stone act, found to their sorrow got them into trouble with Uncle Sam namely, hiring entry- men to file on the land and then to assign their claims to him, or to- his Oregon Land & Water Company. But just as Ross Jiad entered into this scheme, Heney came to Oregon and set the land-fraud probe to work. Ross at once dropped the business like a hot potato and allowed the claims of his entrymen to lapse, without proving up. In this enterprise, the resourceful Ross enlisted brothers-in-law, nephews, nieces, bank employes, friends and whoever else would go in with him. Bach had an agreement with Ross' company to deed over the land when they should prove up on their claims. Ross" company was to advance the necessary, money and bear the expense. '. Assumed to Own . Land. Ross' company assumed to own the land under the entries, and made con tracts with intending settlers to sell them the land in small tracts and to deliver them title in five years, after five an nual payments. - . But now began the investigation of land frauds by Heney. There was a scurrying of land grabbers throughout Oregon for cover. Koss was among them. He made up his mind that his contrasts with Bet tiers, for sale of the ill-gotten land, must bo called in and cancelled: . He gave the word to- his trusted employes to ac complish this work without delay. They bought back the contracts, paying for them depositors' money from the Title bank. The claims under the entries were never proved up and .Uncle .Sam kept the land. - ' Ross was not prosecuted, for the rea son that the desert land law does not make assignment of such entries criminal, as docs the timber and stone act. But Ross got a good scare. Had he been bold enough he would have held the land. Iafe Pence "stung" the bank to the extent of $225,000; at least the bank holds his paper to that amount. A large part of the paper is worthless, since' the land filling scheme will probably come to noth ing. A conservative figure of the loss sus tained through Pence is $iqo,ooo. Another Disastrous Deal. The Union Light & Power Company was another very disastrous venture. The profit and loss account of the bank con tains a $72,438 loss item from tnat com pany. At Silverton the company built an electric power plant. Including a dam, with depositors' money. A flood came and swept the dam away. Then the com pany resorted 'to steam power and lost heavily. Finally It sola tne plant to the Portland General Electric Company for. $50,000. T. T; "Bifrkhart, treasurer of the Title Bank, thereupon dissolved the Union Light & Power Company. This In vestment was his especial pet.- Its -fiasco Is a monument to his frenzied finance genius. The Laver Trust and the Fourth Plain Evaporating Company were prune pro jects of Burkhart. which together cost the bank $31,500. The Goldbug syndicate was a mining venture in Southern Ore gon. The $5000 charged off on profit and loss, for J. A. Kerr., appears . on' the books: "Uncollectable labor, and sup plies." On June 30, 190i, at the same time that the profit and loss account was repre sented as being ahead $64,381, the suspense account showed a credit balance of $128,000-. entitled. "Profits held in reserve for future use." On the two accounts, therefore, she bank was represented as being ahead $132,0001. That this was empty wind was proved by Its quickness m blow ing away when tle" bank burst Novem ber 6. THREE PATROLMEN FINED Punished for Neglecting Duty and Violating Regulations. That it is costly business to neglect one's duty, or to Ignore discipline, is evidenced by the fact that three patrol men, against whom charges were recent ly filed, were found guilty yesterday and were fined. M. P. Murphy was fined $50 and ordered severly- reprimanded by Chief Gritzmacher: C. D. Henson was fined $25 and John Quinton was fined $5, and is ordered to "be more careful In futnre." The report of the police com mittee was adopted by the Executive Board. Patrolman Murphy, was found guilty of neglect of duty on two counts. He denied both charges, ht the committee found that he went to Mount Tabor without leave of absence one day -without excuse, and that he lingered too long In the Fashion Stables -one' night with out cause. A fondness for a 'livery sta ble on his beat was also the cause of Patrolman Henson's undoing. He was found guilty of loitering about a barn while on duty. Patrolman Quinton, who has an honor able record, as - was officially recognized in the report of the committee to the Executive Board, was found guilty, of drinking In a wholesale liquor establish ment. He pleaded that he took the liquor as medicine. M.'KENNEY LOSES FIGHT Iloquiam Council Refuses by Vote of 4 to S to Reinstate Marshal. HOQUIAM. Wash., Jan. 10. ( Special.) Efforts to reinstate ex-Marshal Meken ney were blocked by a secret vote of the Council tonight, three of the aldermen standing for McKenney and four oppos ing him. When the result was known. Mayor Maclntlre named Upson as Marshal, and the appointment was con firmed by the Council. Bitter factional feeling has been aroused In the attempt to reinstate 'McKenney. who resigned . as . peace officer when charges of immoral practices were brought against him. and the fight begun In this city, it Is believed, will have no little bearing on county- politics next Fall. Forbids Boxing Contest. - SALEM. Or., Jan. 10. (Special.) A boxing match was advertised . to take place this evening in the Armory, in the City Hall, witn two members . of a minstrel show as participants, but Mayor Rodgers, fearing' that the contest would partake of the nature of a prixa fight. Issued strict orders forbidding it. The orders were observed. JAPAN E AMERICAN LABOR Prominent Citizens Speakers at Exclusion League Mass Meeting.. URGE CONGRESS TO ACT John M. Gearin, Rev. Clarence True Wilson and J. A. Jeffrey Dwell , on' Evils of Unrestrict ed Immigration. . Continued immigration of Japanese into the United States is considered- the gravest danger of the hour by John M. Gearin, ex-United States Senator, who addressed a mass meeting called by the local Asiatic Exclusion League, at Arlon Hall last night. ' Mr. - Gearin urged the necessity for conducting an educational campaign that,, through educated public opinion, Congress may be induced to shut out the further Im migration of - the Japanese and other. Asiatic races. J. A. Jeffrey and Rev. Clarance True Wilson also addressed the meeting, wiich was attended by about 500 persons. During the. even ing printed slips requesting the mem-i bers of Congress to enact an Astatic Exclusion Law were distributed among the audience. These were signed and returned to the officers of the feague. Senator Gearin said the influx of Japanese threatened not only this Gov ernment, but American civilization, and tended to Ihe degradation of labor and the curtailment of the worklngman's opportunities. He declared that it would only be through the united ef fort of the people of the three Pacific Coast states, who are so vitally and Immediately interested, that the neces sary amendment to the treaty between the United States and Japan will ever be made, excluding mnderslrable coolies. The agitation attending the work of the league, he admonished, must be peaceful, in which violence must not be countenanced. But. he said, there must be one united demand for the legislation. ' Treaty Is Xo Bar. Referring to the Japanese Treaty, which was promulgated in 1895. the speaker showed that a law excluding the little brown men from this coun try could be passed without violating In any particular the terms of the treaty. In fact, he quoted from It a clause which made the instrument sub servient to any laws' on the subject of Immigration that" might be enacted subsequently by either party to the treaty. This reservation, asserted the speaker, was wisely Incorporated -in the treaty, for at the time of its adop tion the immigration of Japanese to this country was very small. In 1880 only 86 of these, foreigners came to America, and this Immigration had in creased only to 1110. in 1895, the total number of arrivals in the United States of Japanese for the 15 years being 15,012. In 1900 the number of Japanese immigrants was 12,365, while during. 1906 the statistics' show that 14.000 of these people entered the United States. During the 12 years from 1895 to 1906 inclusive, lOO.loi Japanese laborers immigrated to the United States and its .Islands. The implied promise as to immigra tion that was made by Japan at the time the treaty was signed, contended the speaker, has been violated and since the heavy immigration of these laborers' to this' country has reached a figure that seriously threatens the in dustrial life of the country, the people of the United States have every right to propose all legislation, that may be necessary to trecit with the -situation. . " , Gearin Gives Reasons. "We don't want this cheap coolie labor here,'v Mr. Gearin said, "because we oe lieve" in elevating the standard of living of the American laborer; because we be lieve in raising the wage' schedule of the workingman. not in lowering It: because cheap labor means cheap men and cheap men are not capable of measuring up to the high standard of American civiliza tion. We don't want cheap labor. It Is an evidence of the lack of prosperity; cheap labor never was a factor in pros perity. Wbat we' want is the creation of conditions and laws that wili equalize the producing power of labor and the com pensating power of capital. "We do not want the Japanese because they differ from us in religion, tradition, habits and theories of government and they can never be assimilated with our people and taken into our industrial and social life. ' Furthermore, they come Into Individual competition, wlilch means the ruin of white labor and ultimately the re placing of white labor, as they "have done In the Sandwich Islands." Mr. Jeffrey preceded Mr. Gearin and in a brief address spoke strongly In support of legislation that will exclude the Japa nese. He called attention to the facb that these foreigners not only threaten the in dustrial 'life of tills country, but its civil ization as well. He pointed out that in California the Japanese are now found employed in 62 industries and professions. He recognized In unrestricted immigration an alarming menace to the laboring men, whom he urged to be actively alert In support of the movement that has been launched by the League in behalf of the American laborer. Preacher Gives Views. Dr. Wilson test...ed to an Intense in terest In the Japanese immigration ques tion and assured the audience tliat he would earnestly support any movement that premised satisfactorily .to treat wi - a subject of such Importance. "Legislation has been enacted,"- he said, "by which the manufacturer Is protected from cheap coolie labor, and It seems to me that some protection snould be fur nished the laboring men. that they may be adequately safeguarded from competi tion with labor that lives in holes in the ground and waxes fat on rice and rats." C. M. Haybl, president of the League, presided and concluded the meeting by referring briefly to the extent to which cheap Japanese laborers have replaced white labor in different parts of Cali fornia. He urged the enlistment of every laboring man In the movement which has been started by the Exclusion Leagues on the Pacific Coast. It was announced that another . anti-Japanese demonstration would be held some time in February. This, meeting will be addressed by a number of the delegates to a convention of the Pacific Coast Exclusion League that will be held In Seattle early next month. - Several of the delegates from California will be induced to stop over in this city to attend the meeting and deliver ad dresses. Fruit Rally at Corxallls.- OORVAIjLIS. Or.. Jan. 10. (Special.) There isj to be a big -horticultural rally at the college tomorrow forenoon, begin ning at 9 o'clock. Hon. . W. K. Newell, president of the State Board of Horticul ture, Commissioner A, H. Carson and SEMEME r STORE GREAT CLEARANCE SALE EVERY ARTICLE Thrifty shoppers should not fail to take advantage of the attractive specials which we offer for today's sell .ing and also the exceptional bargains contributed by every department to the Great Clearance Salel Specials quoted for today only are subject to delivery at our earliest convenience and for which mail, telephone or c. o. d. , orders will not be accepted. No exchanges. " CHINESE MATTINGS. 6-yard piece for ..50 7-yard piece for" .. ........ 75 c SMo-yard piece for $1.00 llVi-yard piece for .. ..$1.25 STOOLS $1.15 Attractive little pieces in several plain and novel designs frames in the ma hogany, fumedf weathered and golden finish, and upholstered in leather. ' These Stools are made tip in onr own cabinet and upholstery workrooms, and are ex ceptional, bargains' at the above special today. Hllll CLEARANCE SALE DINING CHAIRS CHINA CLOSETS DINING TABLES others will be speakers, and the fruit in- ... - luinf.p simT-t nursA and other Students' and local horticulturists and farmers will Join in me meemus. campaign against old orchards and a gen eral boost for horticulture will be the keynote. A spirited meeting occurred yes terday afternoon, when President Newell delivered an address on Hortloilture and the Dairy." He showed how nicely the two industries fitted together on the same farm, in case there are suitable soils for both. FLORENCE ROBERTS MATIXEE Favorite Actress in' Brilliant Com edy, "Sham," at Marquam. Thi. afternoon and toniglit. Florence Rob erts one of the most di8tlngulhed of American actrese. will repeat her maj nlfllcent performance of the brlllant comedy of modern society lite. "Sham." In wblch she has been so successful. Last night's audience a mildly enthusiastic over the play and and the company and the town Is full of theatergoers today who are advising their friends to see it. TJist performances this afternoon and tonight. - GREAT PliAY AT THE BAKER Matinee and Tonight End the Run of "Soldiers of Fortune." Those who do not see the Baker Stock Company in Richard Harding Davis' play. "Soldiers of Fortune." at the Baker for one or the last two performances this after noon and tonlg-ht, will mlM one of the most beautiful and interesting plays of the entire year It is said that "the proof of the pud ding Is in eating of it" and nothing but hieheut praise is heard from everyone who has -witnessed this beautiful production dur ing the week. "At the Old Cross Roads.". Thelast two performances of the great Hal Reid play. "At the Old Cross Roads." which has been delighting patrons of the Empire all week, will be given at the mat inee this afternoon and tonight. The play by this celebrated author hi filled with true heart Interest and Is presented by a capable company in every particular. COMING ATTRACTION'S. "The Man t the Hour" at Heilig Tomorrow Night. Beginning tomorrow (Sunday) night, at the Heilig Theater, Fourteenth and Wash ington streets, and continuing every night next week with special-price matinees Wednesdav and Saturday "The Man of the Hour" will be the bill. It is a play of poli tics and if raft and Is said to be the best of Us kind any Ajnerican has written, and from all accounts deserve to be seen by everyone who can appreciate a good drama finely actea. it is am vow ijiiw i poli ticians George Broadhurst has. drawn- In this nlav are alive and busy. For outright truth In 'characterization of certain kinds of men no play of the time excels -The Man of the Hour." Seats are now selling at the theater for the entire engagement, "The $10,000 Beauty" Sunday.' . Next week the Marquam management will At the Theaters What the Press Agents Say. CLOSES ON SATURDAYS AT SIX O'CLOCK SPECIALS IN THE CARPET DEPARTMENT TODAY A GREAT SALE OF REMNANTS Short pieces which have accumulated in the past few months Mattings, Ingrains, Hodge's Fiber, etc. these in every, instance being new and desirable Floor Coverings in lengths of V2 yards to 18 yards priced at much less than regular. The following comprise but a few of these short lengths. . JAPANESE MATTINGS. 3-yard piece for .'. 25. 4y2-yard piece for 35 ? 9V2-yard piece for ....60 12-yard piece for . . . . . .$1.00. ' 18-yard piece for ;$2.75 HODGE'S FIBER CARPET. ' 4-yard piece for 4-yard piece for, ' 8-yard piece for 16-yard piece for LACE CURTAINS SPECIAL $1.45 Pr. Today in the sixth-floor Drapery Department, a spe cial sale of 119 pairs of Lace Curtains regular $3.00, $3.50 and $4.00 values, in white and Arabian tints. From the entire lot we offer you your choice at the above special per pair. 15c Brass Extension Eo'da, special, each 5 Full-size Lace Curtain Stretchers, regu lar $1.75 values; special, each... 90 BASEMENT SPECIALS Mixing Bowls in the imported 50c Bowls special 55c Bowls special 60c Bowls special C0MPLETE-H0U5E-FURni5HER5! a i 0000 j offer its patrons one of the. greatest musical treats 1n the history of the city In the shape of the Lewis & Lake Company of singers and comedians in the big musical comedy hit "The 10,000 Beauty." The or ganisation comprises a number of . very clever singers and dancers and a corps of dancers that, cannot be beaten. "The Other Girl" Tomorrow. New to Portland theatergoers Is Augustus Thomas' great comedy. VThe Other olrl." in which Lionel Barrymore achieved his first success in New York, bnt after the opening performance tomorrow It Is more than likely the play will be the talk or the town, as It. has wherever It has been pre sented. It will open tomorrow matinee and be the Baker Company's attraction all next week. "A Texas Outlaw'? Opens Tomorrow. A heavy melodrama, with scenes' laid in the State of Texas, during the period when lawlessness reigned supreme, will be the Empire's attraction all next week, opening with the matinee tomorrow afternoon. Two men are in love with a beautiful young girl, and one, the hero, wins her love,- which In curs the hatred of the other one. who. It happens. Is an outlaw In disguise. AT THE VAUDEVILLE THEATERS Money's Worth at Pantages. There are' no less than four big acts which could he utilized as features at Pantages The ater this week. The Velda trio, acrobatic marvels, with their -loop-the-loop doge,- comes first. Then Tim Cronin. the noted mimic monologist and comedian, with his grotesque humor; ..Coccoa and Amato, fancy' and -novelty danclns epeclalists, and Phyllis Allen, the contralto, now touring in vaudeville. All the others are good. ( Pantages Books Big Acts. '. The two biggest features ever seen on one bill in Portland will be presented by Pantages Theater next week. The two are the Mixkoff troupe of Russian dancers in the fascinating Russian dance, and Frank Hall In a return, engagement with his untamable lion Wallace. A strong supplementary list of attractions has been booked. - SATUf?DAYSPECIALS. Women's two-clasp Mocha, pique and English walking gloves: also French glace kids, standard J1.25. 1.50 and $1.75 values on sale at 95c a pair; all colors and all sizes; $3 long. kid gloves at 12.25; all gloves fitted at counter. Greatly re djiced prices on all knit underwear, hosiery, men's goods, coats, suits, um brellas., etc., etc. Good goods only. Mc Allen & McDonnell. Mass Meeting at Lents.. A mass meeting of the citizens of Lents has been called for next Monday sight at 8 o'clock- in Davis' hall, to consider the question of annexation to Portland. Here tofore that community has opposed an nexation and appeared to favor xorming a municipality, but recently there has been a disposition to Join the general move ment. At this meeting it is desired that there should be a full expression of opinion. Take no substitute at soda fountains. Ask for original food-drink, "Horlick's" Malted Milk. Not in a Milk Trust. flattie Creek'. Mich., has set aside a cliff and certain streets for boys' coasting. ' TODAY COCOA IVi-yard piece for 2V2-yard piece tor 3-yard piece for 7Vi-yard piece for 9-yard piece, for . ...30 '. .75 $2. 00 ..$8.00 PEDESTAL STANDS SPECIAL 85 c These Stands are 25 Inches high and have ll-inch' base and top made of solid oak and finished in the weathered. "Edelweiss" Enameled .Ware ....35 ; .4o 50 No. 7 size nickel-plated Tea Kettles, regular $1.25 values, for ; ,. 65 Eureka Folding Wall Clothes Back special. ..75 Empire folding Wall Clothes Rack special. . .75 HE T0UH HE TOUH l UTEIMtll SEEM GREATLY RELIEVED MAGNATES GLAD M'CREDIE DOES NOT WANT VANCOUVER. Announcement That Franchise Was for Sale CauHtd Hurried' Gather ing of Managers for Gabfest. SEATTLE, Wash., Jan. 10. (Special.) The announcement that the backers of fhe Vancouver baseball team in- the Northwestern eLague had thrown up their franchise, quit cold, and would sell to the highest bidder, did not worry Ciar Lucas and his compatriots, according to their outward expressions. Lucas, how ever, rushed to Vancouver. Strange as it may seem, though. Man ager Brown. of Aberdeen; Manager Quinn, of Spokane and Manager Hall, of Butte, showed up here this afternoon. Dugdale wap at home with a sick toe, so he was out of the gabfest. but there was some tall talking during the aft ernoon. ' It may be taken as-a fact that North western magnates thought - judge Mc Credie was figuring on grabbing the Van For Coughs Never hesitate to ask your doctor about Ayer's Cherry Pectoral. It is a regular medi cine, a strong medicine, a doctor's medicine. Ayef s Cherry Pectoral REVISED FORMULA It would be very interesting to know, how many years your family physician, has prescribed Ayer's Cherry Pectoral for coughs, colds, and all forms of lung troubles. Ask him the next time you sec him. We know physicians who have used it for over half a century. .' We hate- no secrets I We publish the formulas of all our medicines. J. C. AYER CO., Manufacturing Chemiits, Lowell, Mag. J Sore REDUCED MATTINGS. .' ....... .35 . 50 ? :. . -50 - $2.75 $3.50 ALL-WOOL INGRAINS. 10-yard piece for .$4.00 14-yard piece for ..$9.00 17-yard piece for M. $11.00 TODAY CLEARANCE SALE IRON BEDS DRESSERS CHIFFONIERS couver franchise, and it is known that some of them were anxious to know-if he really were in Vancouver. When they learned that he had not even made an offer for the franchise, or appeared oa the scene, they felt much relieved. Hillman Among Professionals. NEW YORK, Jan. 10 The executive' committee of the Amateur Athletic Cnion. stated that Harry L. Hillman, the run ner, suspended himself by accepting a gold watch given him for running an ex hibition quarter mile at the games of the Twenty-Second Regiment. He will not be eligible to compete in any amateur event until reinstated by tlie registration committee. The Yale basketball team, disqualified for playing with professionals of . George Washington Univoreity, will be reinstated. Oregon to Meet b. A. C. Five. UNIVERSITY OF OREGON. Eugene. Or., Jan. 10. (Special.) Two basketball games not on the regular varsity schedule will take place tomorrow night in the Eugene Armory- The varsity will meet O. A, C.'s fast five, and the Oregon sec ond team -will play company C, O. N. G. Much Interest is being taken in the O. A. C. game, as that institution's team was champion of the Northwest last year. Oregon's men have been practicing hard under Coach Murphy and believe they have an even chance for victory. J