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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Feb. 19, 1908)
TITE MORXIXG'-OREGOXI AX, . WEDNESDAY, FEBRUARY ID, 1903. CM.M. 7!fMM. More than a hundred Spring millinery Xew Hats on display in the Millinery Section, and they've all arrived in the last ten days. Chic, clever styles indeed; saucy, jaunty toques and turbans; wade drooping shapes and the dis tinctly new Butterfly effects. Hats for elaborate dress occasions or tailored and street styles. Fashion's choicest conceptions-from the leading wholesale milli ners here in plenteous assortment. Prices run from $5 to $25. , Women 's Coats Worth to $48.50 Each-Half $10.00 Values $30.00 Values Short Kimonos and. Dressing Sacques Half House' garments in kimono or dressing sacque style, with loose or fitted sleeves and belted or loose waist. Made of first-class quality flannelette in striped, or tigured patterns. A lot all sizes and colors, all going today at. . $1.00 Values. $2.50 . Values . 50c $1.50 Values. $1.25 FAULTS OF BANKERS Stone Dilates on Them, 0a- posing'Aldrich Bill, PREFERS TREASURY NOTES Missouri Senator Advocates Guar anty of Deiiosits, Defends Eree ' . Silver and Makes Dents in the Full 'Dinner Pail. WASHINGTON, Feb. 18. The Aldrieh currency bill was opposed In the Senate today by Stone of Missouri. During atone' s argument in advocacy of the plan for Government guarantees of deposits in National .banks Bacon, of Georgia, took occasion . to oppose that proposition at some length. Bacon declared that, if such a plan were put into effect, state banks would be put out of business, as their deposits would find their way into National banks. The bill to revise the criminal code of the United States was considered during a couple of hours In the afternoon. Stone declared that while the recent financial panic was in part due to a short- uku wl nvn.uti.uia cuucncy, lilts vum:eitllil- tlon of the money at given points had much to do with it. There was, iie said, too much of this money In New York. The Aldrieh bill he regarded as merely a make elilft in meeting the needs of the country. Banks nave Too Much Power. i am opposed, he said, " tor confer ring this great additional favor and power upon National banks. The idea of a cor poration usurping and using the funds of a Nation has always been obnoxious to me. The power they can exercise upon the political and industrial well-being of the Nation Is enormous, and although it . is no doubt entirely true that the Nation al banker is as patriotic as the average citizen, yet money and business with him, as with others, are generally selfish and grasping things, and dividends are often regarded . as of more importance than patriotism." He objected to giving the banks power to regulate In any degree the volume of the people's currency by expanding or contracting it as may happen to suit their whims or their interests. Stone de clared that he would prefer to curtail the powers of the banks, because the Govern ment Is now depended upon to give stabil ity to the currency. Would Guarantee Deposits. "I shall vote for the emergency treas ury note instead of the emergency ba,nk note.'' said Stone. State banks and trust companies should not, he thought, be denied the same privileges as the Na tional banks. Stone favored a law de manding that reserves should be kept in the country banks. If that had been done, ho belloved the intensity of the re cent panic would have been lessened. He spoke in favor of a guarantee fund to in sure the deposits In National banks. He also wished to Ree' banks receiving Gov ernment deposits required to pay inter est on thera. . Referring to a suggestion that the Treasury Department should be controlled by a board of directors rather than by a single Secretary, he said too much power was placed In the hands of an in dividual. He denounced stock gambling nnd declared that It took out of the mar ket too much money that might be avail able for lending for commercial purposes. The. recent panic, lie said, had come to a Republican administration, although the purty had always declared that it brought prosperity upon the country. Apology for Free Silver. Stone referred to the silver issue, saying Its' purpose had beerv. misrepre Coats for street or dress wear; made of fancy materials or rich plain colored cloth, trimmed in perfect taste. Fashioned by ex pert garment makers who impart that elusive something that de fines style to every garment they produce. Coats in all sizes and in practically all colors. Regular val ues from "$20 to $48.50 each; for today's selling, without ex ception, this lot -of two hundred duced . One Half $5.00 &$12.50 tic $35.00 C17 qn . 1 J Values . J V $48.50 Values 124.25 containing nearly o00; m t-I K ZX. A JiU.ll A . I (LC 75c $2.00 Values. $1.00 $1.50 $3.00 Values . sented and that It had been expected that the parity of all money would be maintained under that system. "We recognized the crying necessity fbr additional money," he said. The contention that adequate Increase of the volume of money would revive in dustries, enhance property values ;and labor wages had been .demonstrated by the history of tha, last decade. The enormous gold supply had done what it was expected gold "' and silver would do. ' "But the Republican party has fas hioned a taxing system, under the oper ation of which Ihe grasping monopo lies are created to plunder the people," he added. "I prophesy . that many moons will wane before they will again point to a Democrat and sing In strid ent chorus the 'song of the souphouse.' The full dinner pail will not be again blazoned as an emblem of triumph on the Republican shield." , Thi3 panic, he said, would-have been worse had the Democrats Imitated the example of the Republicans In 1896, when they seemed bent upon making things worse than they were. Banks then, he said, coerced their custom ers, as did corporations their employes. Now Democrats have striven to allay excitement to restore normal condi tions. When the country Is again con trolled by the party of Jefferson and Jackson, he expected to see industry revived. Smoot Opposes Guaranty. During the portion of the speech in which Stone expressed a belief In a Gov ernment guaranty of deposits in National banks, Smoot suggested that such a guar anty would Increase "wildcat" bankers and he belieued it would result In failures greatly in excess of the present rate of one-tenth of 1 per cenr of the banks. SMORIXG OUT THE HOLD-UPS Senate Inquires What Banks Hoard ed Others' Money. WASHINGTON, Feb. lS.-Senator Cul berson's' resolution directing the Secretary of the Treasury to inform the' Senate what National banks outside of New York complained between October 1 and No vember 15, 1907, of the refusal of National banks of New York to pay in cash New York exchange or to respond to calls for reserve, was adopted by the Senate to day. ' On motion of Senator Clapp, tlje reso lution was so amended as to direct the Secretary to send to the Senate his an swers to such letters or telegrams, as well as the letters and telegrams them selves. Before the resolution was placed upon Its passage Mr. Culberson stated that the chairman "of the finance committee, Mr. Aldrieh, had agreed to it. There was no further comment or discussion in connec tion with its adoption. BUILDIXG BOOM OX AT KELSO Contracts Let for Construction of 40 Dwelling Houses. KKUSO. Vash., Feb. 18. (Special.) Considerable activity in real estate transactions and building operations is evidenced in this city. Today the con tract was let foj- the building of an opera house by W. E.-McDonough and contracts have been let to date for the building of nearly 40 dwelling houses. The two-story building to be occupied by the Kelso Soda Works is nearly completed and work on .the new Bal lard brick block is progressing. Sev eral large tracts of city property have changed hands the past week' and dwellings will be erected on the lots purchased. The Businessmen's Club has offered 20 acres to the , local Grange for fair ground's, and work will begin immediately to place the tract in condition for a county fair next Fall. MORMOXS TO XAME TICKET Dubois' Partner Forecasts Idaho Re publican Nominees. MOSCOW, Idaho, Feb. 18. (Special.) B. Arney, associated with ex-Sen- Ladies' Home Journal Quarterly Style Bookjfor Spring ' on Sale Pattern . Counter. Rl iiXi $1.00 Values. 79c artor Dubois in the publication of the Idaho Scimitar, who' was in town yes terday, contended thas his trip was one of a business nature only and had nothing whatever to do with state or National polities. He did relax suffi ciently, however, to say that, the Mor mon "hierarchy" at Salt Lake had al ready selected the ticket for the Re publicans of Idaho and that the "ab ject slaves" of the "hierarchy" will nominate Just that ticket. He saj's J. H. Brady, of Pocatello, wiil be named for Governor because he Is entirely satisfactory' to the Mor mon Church. Arney contends that he can name the ticket now and that the work of the convention will show that he is correct. He also declares Idaho will go Democratic, on both state and National issues. V , FALLING. OFF IX IMMIGRATION' ' "' f . Secretary Strans Presents Ihterest- ' lng D.-tta . to President. WASHINGTON, Feb. 18. At the Cabi net meeting today Secretary Straus, of the Department of Commerce and Labor, laid before the President some significant figures as to Immigration and emigration. The figures show that for January there was a large decrease in the' number of Japanese arriving In the United States. The total arrivals for both the mainland Hnd Hawaii were 971i as compared with about 5000 for January, 1907. Mr.- Straus did not offer any explanation as to the falling off in Japanese arrivals. . As to the emigration to the United States from other countries, Mr. Straus' report shows the total for January was, in round numbers, 2700, as compared with 5400 in January one year ago. a de crease of 50 per cent. Mr. Straus showed that for the months of July, August, Sep tember and October the total immigra tion to the United States was 463,000, while the emigration for the same period was 190.000. The figures on emigration for November, December, January and February, not yet appeared, are expected to show a still greater ratio as compared to immigration, there having been a large outgo of foreigners in November and December. - MAKES REPORT OX SALARIES Committee Appointed by President Advocates Changes. WASHINGTON, ' Feb. 18. President Roosevelt has transmitted toCongress the report of ithe committee on grades and salaries, which was organized June 11, 1907, to prepare clear and concise tables or estimates for positions and salaries in the executive department and establish ments. In its report the committee says that two general rules have been ob served, namely. . to give more adequate compensation to the men who furnish di rective power, executive ability and spe cial or technical knowledge and to pro vide for the administrative and clerical force a scale of pay which will permit all who enter the civil service to rise by diligence and efficiency to a moderate living salary in a reasonable time. The committee's estimates for this- pur pose for the various departments and other Government offices aggregate $19. 812.950. which is an increase of 7.7 per cent over the official estimates for the fiscal year 1909 and 14.6 per cent over the appropriation for 1906 for the departments as a whole. .' Wood Starts Home February CO. WASHINGTON. . Feb. 18. Major General Wood, commanding the Philip pine Island division, has notified the Secretary of War that he will transfer the command of the troops in the Philippines to Major-General John F. Weston on February 23 and start for the United States. WrecR on Canadian.. NORTH BAY. Ont., Feb. IS. As the Canadian Pacific Railway Express from the -West was nearing Chapleau. Ont.. last night, the wheels of the mallear broke and several coaches were ditched. The Japanese porter was killed and 16 or 17 were injured, some seriously. Tomorrow. Thursday, will positively he the last day for discount on East Side cas bill3. Portland Gaa ComDanv. 8 A RBJ ''Mr-:. mrnrn -w-,,...: . -- -r-. 1 -r-mtii '27 and 36-In. No more staple fabric could be offered when you re member that warm weather is. but a trifle over two months away. This is a weave that makes up into charming styles and can be laundered perfectly. Two weaves are concerned and hundreds of yards are of fered at these remarkably reduced prices. We ad vise prompt buying and respectfully request that you shop in the morning if possible. . , Values. .. 73c Values . .' . $1.09 $L25 on -$1.75 and $2 . y yf C Values ? ...... . .-. O &c Qualities . . . i Plain Colored Panamas 79 Cents Up This is the season's favorite weave in Wool Fabrics. In this sale ar9 offered all colors, including cream and black. You may choose from regular or chiffon weights and from the largest assortment ever as sembled in this city. 'Tis truly a sale of tremendous importance, for supremely good qualities and all grades are concerned. . $1.25 OQo ; $1-50, v 7Q $1.75 and -$2.00 7 on Values. 0.7C Values. Qualities .... .P J & I DS I ROTTEN Tonopah Grand Jury Severe in ! Its Report. WILL INDICT OFFICERS They Received Deposits at State Bank & Trust, Knowing of In solvency Hamper Inquiry Into Their Crimes. TONOPAH. Vev.. Feb. IS. The report of the grand Jury, filed . with Judge O'Brien this afternoon. Is a severe stric ture on the State Bank & Trust Com pany. The Jury asked that It be not dis charged until District Attorney P. A. Mc Carran secures sufficient evidence to lay before it for the purpose of bringing in dictments. i Judge O'Brien said that In accordance with the expressed wish of the body he would assure Mr. McCarran that upon a proper showing, made by him, the pro cesses of the court would be at his dis posal in order to secure proper evidence. , Tke report dwelt upon the fact , that deposits had been received on the day before the bank closed. There is a crim inal statute on this head, and in this re gard the report says: As to the violation of this act. we brg to submit that the evidence before this body Is incomplete In Itsolf. but sufficient for this body to declare by this voice that & crlm has been committed and 'that crima Is embezzlement. In that depoiHs without question were received, on the 2'2d of Octo ber, 190T. and that the' officers of the State Bank & Trust Comcany well knew that the bank was Insolvent and tn a failing condition on that date. The committee on banking, whose re port is embodied and made part of the general report, says: "We have been astounded at the awful ness existing in the condition and affairs of the State "Bank & Trust Company." The grand Jury says that it has been hampered in its investigations by the of ficials of the bar.k and by the Attorney General of tbe state. TRTIXG RICKEY AS EMBEZZLER State Bank Directors and State Of ficials ' Defend Him. CARSON. Nev., Feb. 18. The prelim inary hearing of T. B. Rickey, presi dent of the State Bank, charged with embezzlement, was resumed this morn ing In the Justice Court. Messrs. Brougher, Woodbury nd Metres, three of the directors, testified that they were of ;he opinion that the bank was solvent a-t the time of the suspension, and could pay dollar for dollar with assistance from the depositors. The prosecution endeavored to place the re sponsibility ' of the loans made upon Rickey's shoulders. . ' The directors agreed that the loans were first-class at the ttme of issuing. During the taking of testimony a tel egram was received from Goldfield of the taking up of the loan of the Kean Wonder Mining Company. This amounts to $190,000. The prosecution objected to the telegram being Intro duced as testimony, but it was finally placed .on record. The bank examiner stated that on his Investigation he could not report anything criminal In any of Rickey's loans or connection with the bank. The report 'he had made, which declared the bank insolvent, was taking the valua tion of assets as he figures them. He admitted that he had stated that when the bank was first closed he thought it soivent and that, if the depositors had signed, the bank could have been put on Its feet. - The trading, of ac Royal Worcester Corsets in All Styles and Sizes. Prices from 50c Up. Spring Models cs .n Here Sale of Silks andDress Goods We are determined to make the Dress Goods Aisle, (in the Fifth TStreet Annex), a busy place this week. We want women who have Silks to buy to come now. Anticipate the rush season; get the dressmak er started on your gowns and save liberally, for here is a sale that offers unprecedented op portunity. White Japanese Silk counts he believed had- put the bank in unsafe condition. As far as he could ascertain, Rickey did not owe the bank a cent. Attorney-General Stoddard, who is also clerk of the bank commissioners, testified that he had signed the first statement that the bank was solvent. This he did upon being furnished in- formation by -the commissioners. At present he did not believe the bank solvent. The reason that he had not ordered a receiver was that he had not been requested to do so, either by the commissioners or the examiner. He had been guided solely by the mem bers of the commission and. as Govern or Sparks, the chairman, was ill, there had been no method of calling for a receiver. Several clerks agreed that they had no idea that the bank was insolvent. They were, in fact, all depositors. May Reorganize Bank. GOLDFIELD, Nev., Feb, IS. James T. Chaw, chairman of the reorganization committee of the State Bank & Trust Company, and United States Attorney Samuel Piatt, special counsel for the re organization forces, are in Goldfield from Reno in furtherance of the plan to re habilitate the bank. They are meeting with great encouragement. D. McKenzie, of Goldfield, has deposited securities as a guarantee that he will supply funds for the' payment of 10 per cent of deposits due at lie end of 90 days from the open ing of the bank and further promises to finance the new management and head the reorganization. MORSE PUTS UP MORE BAIL v Lawyer Denounces Jerome for Sen sational Manner of Arrest. NEW YORK, Feb. 18. C. W. Morse, the former banker and steamship pro moter, who yesterday was indicted on a-charge of perjury, today entered a plea of not guilty and was released on $10,000 bail. The perjury indictment grew out of a loan of Sioo.OOO to E. R. Thomas, concerning which Mr. Morse was called before tbe grand Jury as a witness. It is charged that Thomas caused a deposit of $50,000 of the funds of the Provident Savings Life Assurance So ciety of New York to be made with the National Bank of North America, of which Morse was vice-president, and then Morse caused the bank to loan Thomas $100,000. Morse Is alleged to have testified at first before the grand Jury that he did not authorize the loan, and then admitted that he did so. Philip J. Britt, counsel for Morse, objected to the requirement of. addi tional ball for 'Morse on the perjury charge in court today. He said: ','Other persons have been arraigned In this court on the same count and released under bail as low as $2530. Mr. Morse is under $20,000 bonds al ready. To ask another $20,000 is In accordance with the brutal and unrea sonable conduct of.' the District Attor ney on Sunday, when he sent, three de tectives down the bay to arrest in a sensational and ostentatious manner a man who had -traveled 3000 miles to surrender himself." The ball was furnished by the sure ty company which gave bail for Morse yesterday. . . Attorneys for Morse announced - today that preliminary steps have been taken In a motion to vacate the attachment against Morse's .property taken out two weeks ago by Charles A. Hanna, receiver of the National Bank of North America. The attachment is for $343,000. "WESTERN BUYERS 1 XEW YORK Estimated 5000 Are There to Select Goods for Trade. NEW YORK. Feb. 18.-Tlie steady In flow of buyers from the West and South, which began a week or more ago. Is con stantly increasing, and day by day hun dreds more are added to the already large army of them in New York. It is now estimated" that there are nearly 5000 of them in New York, each one with orders for large quantities of goods of every description for the Spring and Summer trades. In almost .every case, the buyers Dinner Set Sale pTofodc? sets which are sold down to only one or at the most two of a style our desire to reduce these lines quickly results in tre mendous savings for you. Read .well: DECORATED SEMI-PORCELAIN SETS. 50-pc. sets worth $4.50 for S3-50 60-pc. sets worth $6.40 for 4.50 100-pc. sets worth $9.60 for $6.90 Cambric Vals. Sell Petticoats so alluringly dainty, so charmingly constructed that every woman who sees them will instantly want to own one. They are made of a fine quality cam bric, finished with a flounce 15 inches deep that is trimmed with eight rows of lace insertion and lace edge. Another style has an embroidered ruffle which is trimmed with em broidery insertion and tucks. These TSkirts sell regularly at $3' each special "today. '. $2.19 Woman's Nainsook Drawers v Trimmed with five tucks finished with three rows broidery edging. A regular $1.00 value Children's Coats In best m a t e r i a Is, including Bear Cloth, Astrachan ' and Fancy Mixtures, val ues $1.50 to $20. Your choice ....... PRICE are enthusiastic over the prospects of business for the future. They say . that the financial depression of last Fall has passed away and that there are nothing tout good times in sight. It Is estimated that these buyers will spend more than $100,000,000 with New York Jobbers within the next few weeks. A Tramp Attacks Child. BEAVBRTON, Or., . Feb. 18. A young tramp, apparently a typical railroad track hobo, made an unsuccessful attack on Dorothy DeBere, the 6-year-old daughter of C. O. DeBere, city marshal of Beaver ton, yesterday afternoon, and while the father pursued the wrong man. escaped down the Southern Pacific toward Port land. The child was returning home from Bea verton, where she had been sent on an errand, and was seized when passing a warehouse, right in the town and not pver 40 yards from a dwelling. Several minutes later her screams attracted at tention, and the tramp began to flee. Suspeiids Temporarily. LERCHBURG, Pa.. Feb. 18. The Leech furg Banking Company's bank did not open Its doors yesterday. It is under stood the suspension is -but temporary, and due to the tight condition of the money market. Iowa Bank Closes. - FORT MADISON, la., Feb. 18. The West Point, Iowa. Bank closed today. Liabilities and assets unknown. FOOD FOR YOUNG SALMON McGowan Gives Ton of Culled Goods to Government Hatchery. OREGON CITY, Or., Feb. 18. (Spe cial.) Senator H. F. McGowan. of MoGowan, Wash., has backed his in terest in the propagation of Columbia river Chinook ealmon with one ton of can-culled salmon for fish food. This information has Just been received by Henry O'ftialley, superintendent of the United States Bureau of Fisheries. Senator McGowan is desirous of hav ing the fish in the Columbia river hatcheries fed until they attain a growth wherein they will be able to successfully combat with their ene- Lewiston Bonds for Sale GILT - EGDED proposition in the way of $52,000 in bonds of the Lewiston Land A & Water Power Company, "subject to prior sale. These bonds bear 6 per cent interest, payable semi-annually. Full particulars by calling on our bond department. SAFE DEPOSIT BOXES S4 AND UP PER YEAR eraian American Bams; wSSdSS?on sts. PORTLAND, OR. WHITE SEMI-PORCELAIN SETS. 50 pes. worth $4.4, for... $3.44 60 pes. worth $5.60 for. . .4.50 100 pes. worth $8.70 for. . .$6.82 Skirts; $3- for $2.19 and lawn ruffle. Ruffle of hemstitching and em 83c Children's Dresses In various styles, made of go'od materials, sizes 2 to 12 years, values from 85c to $1.25 63 And from $1.50 to $2.00 at ...9S mles. during their etay in fresh water. From the Little White Salmon Sta tion on the Columbia during the last week Uiere has been shipped by the United States Bureau, of Fisheries 600,000 Chinook salmon to Seufert, Or., where F.- A. Seufert has two large lakes, where these Ash have been lib erated and will be fed and cared for by the Seufert Bros. Canning Company until they reach a growth of four or five. Inches, which should be In the latter part of next May or early In June, when the lakes will become a part of the Columbia river and the fish will be naturallyllberated. One hundred thousand rainbow trout fcgge have been received by Superin tendent O'Malley from the United States Bureau of Fishorles Station at Manchester, la., making a total cf 500,000 trout that have been received this season. All of theso trout will be distributed during the coming Spring and Summer from Clackamas Station. CUT THIS OUT AND SAVE IT So Majiy People Here Can Be Cnred of Stomarfa Troubles by Taking This Simple Mixture. There are so many people who suf fer from Stomach Troubles that tha following mixture will be highly ap preciated by them. Get from any drugstore one ounce Compound Tincture of Cinchona, one ounce Prosene Compound, and half a pint of good Sherry wine. Mix these together and take a tcaspoonful In a little water before meals and at bed time. Stomach Specialists claim that Indi gestion and Dyspepsia are caused by the, failure of the Gastric Juices to do their work. ;o overload our stom achs, giving them more to do than they are capable of; the consequences ,are the undigested food lies In the stom ach and becomes sour, creating Indi gestion and DyspepKia. T4ie Prosene Compound in the ahove mixture supplies the stomach with arti ficial Gastric Juice and digests the food that your stomach refuses to take care of. This digestive compound Is put up only by the Cooper Pharmacol Company, Chicago, and can be taken alone in three to five-drop doses in a little water, but preferably in the above mixture, as the Cinchona and wine make an excellent tonic. If vou suffer with Stomach Troubles try . tills mixture. If not. cut this out and hand It to some friend. r