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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (April 27, 1910)
13 TITE JIDICMm oREGONIAy, WEDNESDAY, ' APRIL 27, 1910. L TO DEFEND WILDE Clarence Darrow to Assist Colonel Wood When Grand Jury Investigates. $LL WRONG TO BE DENIED i i . . fJase Will Not Be Hurried, Says Dis j tr,ct Attorney, to Suit Conveni ent; vi uoisiae Attorney. i t 1 Statement Is Made, ; .Clarence Zarrow. of Chicago, has been rng&gred by Louis J. Wilde to represent his interests in the investigation by the Iistrtct Attorney now under way in relation to the alleged wrecking of the Oregon Trust & Savings Bank. Mr. Iarrow arrived in this city yesterday, e.nd has taken rooms at the Hotel Port land. Associated with him in this case Will be Colonel C. B. S. Wood. Mr. Darrow was a visitor In Los An freles on private business when the rumor tf an investigation of Mr. Wilde and the telephone bonds became current in this t-lty. As a result of these rumors, con sultation was had with Mr. Darrow, and lils trip to Portland In the interests of he telephone bond promoter followed. Mr. Darrow defended William Hay- ooa in Bis trial at Boise, Idaho. Grand Jury Is Busy. It is understood that the grand Jury Jvill be unable to take up the active in vestigation of Mr. Wilde's alleged con nections with tlve Oregon Trust failure this month. An unusual press of other Criminal cases will occupy its time the remainder of its .term. It is said, how ever, In the District Attorney's office, that as soon as is practicable In the fol lowing grand Jury term the bond matters nd those questions about which Mr. NVilde may probably be asked to ac count will be. gone into in detail. Mr. Darrrow announced last night that fie would leave the city today, but would faturn to Portland as soon as definite Action was taken by the District Attor ney's office or the grand Jury in relation Jo his client. ( Colonel Wood and Mr. Darrow called bn District Attorney Cameron In refer ence to the rumors concerning the in vestigation of Mr. Wilde, and asked the District Attorney either trf announoe to the public that there was no sort of Criminal liability xn the part of Mr. Wilde pn account of the deal, or. If he believed that there was any Just cause, at once to present his case to the grand Jury for indictment. They insisted that rumors in t-onneotlon with the case were Injurious to their client and his business and were unjustifiable. Case Will Await Turn. Deputy District Attorney Fitzgerald, jvho has in charge the probing into Nvilde's bond deals with the bank, said: fWe shall present the matter of Wllde'a ronnectlon with this bank failure as soon ts we get the evidence Into shape to tiresent to the Jury. We can not hurry h. case simply because an attorney has lieen sent here to create a good impres sion for his client. Mr. Wilde's guilt or Jpnooence will be made known in due time and we do not propose to be die listed to by Mr. Wilde as to when his case Vfill come up. It will be gone over before Ihe Jury fully, however, as soon as the ress of other matter before us and which dp entitled to immediate attention is dis hiosed of and we are ready with our evi dence." "Mr. Wilde never at any time had any Hbnnection, directly or indirectly, with the Moms Telephone Company, whose bonds 3te sold to the Oregon Trust Company," nld Mr. Darrow. "With the exception of jtjie Omaha bonds, all the bonds sold to the Oregon Trust Company were under written by the National Securities Com pany, of Los Angeles. Mr.- Wilde was ornployed by the Los Angeles company to FPU these bonds and received for his services under contract only the usual gross commission of 10 per cent, out of which he paid all his own expenses, these bonds at that time were consld sred good, safe, marketable security and ere sold to various financial institu tions in Portland and along the Pacific (Joast. Repurchase Clause Involved. it i i "The first issue of $200,000 that was sold .to the Oregon Trust Company contained n repurchase clause, providing that the National Securities Company in Los An peles should repurchase any unsold bonds, Jf desired, upon notice, on or before August 15. 19trr. This contract was made (Urrober 6, 1905. The con-tract was not made or signed by Mr. Wilde, but was iJgned by William Mead, general man iwfer of the National Securities Com pany. t"A large amount of those bonds was riild by the bank. Thereafter, In Decem lr, 1906, a second contract was negotiated Jiy Mr. Wilde for the sale of an addi tional $200,000 of these telephone bonds. "This contract released the original repur chase clause on account of the sale of former bonds and other considerations fcjid provided that the National Securities JJompany should repurchase the second )t of bonds, or any remaining unsold, on fi days' notice, on or before July 1, 1909. 1t"Thls contract was signed the National fv-curities Company, by L. J. Beynon, !-esident. Mr. Wilde's name was not ginned to either of such contracts. -"Afterward, on examination and inves tigation of the bank, Mr. Wilde sold to the Oregon Trust Company $500,000 worth, 'nr value, of the bonds of the Indopend- nt Telephone Company of Omaha, This p on tract contained no repurchase clause. i;"Not more than half of the amount con tacted for by the Trust Company was ver paid on account of these bonds. The lJance was paid in certificates of de posit. Issued by tho Trust Company, which certificates of deposit were outstanding tnd unnegotiated at the time of the fail ure of the bank. Of the bonds paid for a large proportion was sold by the bank, so that only a small part of the original obligation entered into for the purchase of bonds was ultimately paid in cash from the funds of the bank. t Deal Approved by Courts. "After the failure of the bank Mr. Wilde and his associates acquired the stock of the German-American Bank. This was done for the purpose of snvlng the certificates of deposit and taking care of the whole deal. The purpose was to liquidate the indebted ness of the Oregon Trust Company through and with the assistance of the German-American Bank. To accom plish this the depositors of the Oregon Trust Company took the bonds of the telephone companies in lieu of the ob ligations against the suspended bank on account of their deposit. The stock of the German-American Bank was paid for by the certificates of deposit held by the telephone companies and issued by the suspended bank. A con tract was then entered Into, with the approval of the court, by which the German-American Bank agreed to pay the remainder of the depositors of the GQUN5E ENGAGED suspended bank within two years, without interest, thus taking- care of the remaining debts against the bank. v The management of the German American Bank, at the making; of the contract referred to, was placed In hands entirely outside of Mr. Wilde or the telephone companies. Under this agreement the rest of the depositors In the Oregon Trust Company were paid; thus all the original depositors or the Oregon Trust Company were paid either In the bonds of the tele phone companies, accepted by their own contract, or In cash through the contract with the German-American Bank. The telephone companies, how ever, which had received certificates of deposit from the Oregon Trust Com pany in exchange for their bonds, and which afterwards turned in these cer tlflcates of deposit in payment of stock in the German-American Bank, re ceived practically nothing either for the certificates of deposit or the stock into which they were transferred. As a matter of fact, Mr. Wilde had noth ing to do with the telephone compa nies or their bonds, excepting to sell them, as he had a perfect right to do. Little Lo-hs Resulting' Neither did the Oregon Trust Com pany or its depositors lose any con siderable amount by reason of the transaction. The most of the money they agreed to pay was either paid In certificates of deposit which were never made good or recouped by them from the sale of the bonds. "Mr. Wilde was never obligated to the bank in any way upon any repurchase agreement. He did not Induce deposi tors to accept telephone bonds' in lieu of their claims for the purpose of avoiding any obligation and he had nothing whatever to do with raising the $300,000 by which the German American Bank took care of the last depositors. "The threats of indictment and . the publications are a serious injury to Mr. Wilde and his1 business, but if the District Attorney believes that he has violated any law and the grand Jury shall Indict him, he Is confident that he can prove his innocence to every one concerned." CHAMPOEG TO CELEBRATE Pioneers Plan Observance of Anni versary of Historic Event. Next Monday, May 2, will be the 67th anniversary of the birth of organized American Government west of the Rocky Mountains. It will he duly celebrated at Champoeg for the tenth time. P. H. DArcy, of Salem, vice-president of the Oregon Pioneer Association, will be the president of the day, and Willis S. Dunlway, a native son of Oregon, will deliver the annual address. Brief re marks will be made by other prominent pioneers. Good music will be a feature of the occasion, and In1 the evening there will be an anniversary ball at Butteville. A trip to Champoeg at this time of year, particularly on the part of strangers In this country, is certain to be a delight ful experience. Special excursion tickets at reduced rates may be secured on the Oregon steamer, leaving' the foot of Taylor-street, at 6:46 A. through to Champoeg. Returning, the boat will leave Champoeg at 4 P. M. Those preferring to go by the electric line, from the foot of Jefferson street, should take the 9:15 A. M. car. This will plaee all passengers at WilsonvlUe in time to catch the up river boat to Champoeg. Parties from the south by the electric line can also connect with the boat at Wllsonvllle, going and returning. F. X. Mattlrieu, now In his 93d year expects to be present to welcome others to the spot upon which occurred one of the most important events in the history of the Pacific Coast, in which he was a noteworthy participant and now the only survivor. Field Secretary Holt to Keep Busy. Field Secretary W. S. Holt of the Presbyterian Church Home. Mission Board, has made the following engage ments up to June 1: Saturday, April 80, C9itcago. Illinois: Kay 1. Buahnell Illinois; M.y 2, Beaton; May 3. Hock Island; Mar 4, Princeton; May s Rusbvllle; May 6, Carthage; May 7-6. Alton; May 8, Mount Sterling- May lO, Stanford; May 11. Urban; May 12. Bhelbyvllle; May 13, Mount Vernon; May 14-16, Danville, de livering addresses on the Home Mission work of the Presbyterian Church; May 16, Chicago; May 17-18. New York City; May 19-31, Atlantic City, N. X, in attendance upon the General Assembly; May 22. Phila delphia; May 23-25. Atlantis City; May 26. Morrtatown. K. J.: May 27 -38. Atlantic City; May 29, Philadelphia; May 30, New York City. Elk City Downs Toledo. TOLEDO, Or.. April 2S (Special.) Toledo and Elk City opened the base ball season on the grounds here today. The final score was 6 to 4, In favor of Elk City. LEG OF PIANO HOLDS GIRLS' UNION SECRETS Chorus Beauties, to Checkmate Prying Reporters, Adopt Bright Idea Advanced by Miss Rose Murray of "Gingerbread Man." NOW that the chorus girls 'through out the United States have formed a union for mutual protection, newspaper reporters are continually blessing this vast army of feminine beauty for news relating to the plans for the future. The officers of the union are being put to considerable trouble to keep from prying eyes the minutes of meet ings and information contained in val uable papers that is supposed to be kept secret. Notwithstanding an un usual degree of watchfulness on their part, state secrets leaked out and the executive board was at the wit's end as to how it could be stopped. Secret sessions have been called time and again to devise ways and means but to no purpose. It remained for the Inventive mind of Miss Rose Murray, who plays Mar gery Daw in "The Gingerbread Man," company to help out her sisters in dis tress. Miss Murray, as is well known, Is far removed from the ranks of the chorus but she takes a deep interest in her less talented sisters and' is an in defatigable worker in furthering any movement that will add to their well being. She heard several of "The Gin gerbread Man" girls discussing the per plexing problem and an ingenious idea suggested Itself. Not long since, she had a secret re ceptacle made In the handle of her umbrella In which she carried her smaller jewels. Eraglarging on this Idea she made the suggestion that they have a secret drawer built In some ar ticle of furniture large enough to con tain all valuable papers, and entrust the secret to only a few of the officers. "A good idea," chorused the girls, "we will act on it at once." Murder will out, however, and so will any feminine secret. The means of concealment has been discovered, but not the place. The president of the union, acting on Miss Murray's sugges tion, had built in the base of her piano, near the pedals, a secret drawer, whi-:h can only be opened by one note being struck a certain number of times in succession. So far the drawer has not been discovered. The girls say that if it is they will have a secret receptacle In every article of furniture in the room. The only way the right one could be discovered would be to dyna mite the flat and even a newspaper re- -?& or nomical, COUNCIL PLANS NEWSTREETNAMES Compromise on Numbering Thoroughfares May Pass Muster Today. 100 NUMBERS GO TO BLOCK Sewer Pipe Question Feature of Meeting Alleged "Trust" Battle On Between Administration and Plumbing Inspector. To change the numbering system so there will be 100 to the block, and to call the streets running east and west "ave nues," but not to make the wholesale changes in street names, contemplated In City Engineer Morris' proposed plan, seems to be the sentiment of the major ity of the members of the Council, as expressed yesterday. faentiment seems to be the chief - factor in the determination of the subject, as many of the Councilmen believe it to be a good plan to number the streets running east and west, but they dislike the idea of changing all of the historic or pioneer names that have long been familiar to Portland and Oregon people. The plan to run 100 numbers to the block seems satisfactory, but the changing of street names is the weak point in the plan, it is found. Council Meets This Morning. The City Council will meet at 9:30 this morning to wrestle with thiB and other problems. That there . should be some Improvement on the numbering system, seems to be the prevailing idea among the Councilmen, and a good many of them are willing to designate thorough fares running east and west as "ave nues," and some even favor Engineer Morris' plan to the strict letter and will vote for Its adoption. Among those who oppose the proposed changing of street names are Council men Baker, president of the Council: Watklns, Concannon, Menefee and Dev lin. Councilman Rushlight says he will vote for the plan in its present form, and Councilmen Wallace and Kubli feel kindly disposed toward it, but will make no particular objection to returning . it to the committee for further discussion, it Is understood. Councilman Ellis' proposed ordinance, amending the specifications for sewer pipe, will be one of the chief subjects up for consideration today, as it has to do with the fight the administration is making to "open" Portland to rival sewer pipe, made of cement, by a local com- Rose Murray, Who Suggested Keeping: Secrets of Chorus Girls' Vnloa lu Plaso Leg. porter would hesitate before going to that extreme. "Oh yes, our secrets are safe enough now," chorused a bunch of beauties when approached upon the subject. It certainly looks as if they are! ID) f - I ' V jfev -J - ( ' ! : ' ' ( - ' f. ! :VV ii If r; f - -I At is f (F-c. ...... ....... ... 1... .--Y, r '" - Many mixtures are offered as substitutes, for Royal. None of litem Is the same In composition effectiveness, so wholesome nor will make such fine food. Msiigj PowoLej? Absolutely Puro Royal Is the only Baking Powder made from Royal Grape Cream oi Tartar pany at Kenton. The ordinance probably will be referred to the sewer committee of the Council, as this committee has tinder consideration other features of this subject. Sewer Committee Has Session. At the meeting of the sewer committee yesterday, the amendment was discussed and finally laid on the table, but Mr. El lis will Introduce the new one this morning. A feature of the meeting was the read ing of a letter, .signed by City Engineer Morris, but written by one of his dep uties at the time, condemning cement pipe. This deputy clashed with Mr. Mor ris when the latter decided to change the city's specifications so that the city could use any kind of sewer pipe Instead of terra cotta exclusively, and is now seeking a new position. He resigned as Mr. Morris sewer deputy. Plumbing Inspector Hey Is accused of fighting the battles .of the terra cotta sewer pipe "trust." Contrary to the known policy of Mayor Simon, Hey has refused to permit the use of cement sewer pipe for connecting dwellings with main trunk sewers, and has declared it to be unsanitary and therefore unfit for use. "Trust" Long Held Sway. The alleged terra cotta pipe "trust" has held the field against all competition un til now, charging double the amount of money for Its product as will be charged by the cement pipe company. The cheaper rate Is a great factor in having it intro duced and in trying to get the ordinance amended so as to allow It to be used here. Naturally, the supposed combine officials are bending every energy to keep the ordinance Intact. Another Interesting subject that will be up for action is the proposed "safe and sane" measure, forbidding the discharge of fireworks of any description on the Fourth of July. This probably will be passed, to take effect one year hence, as near as could be learned yesterday. Owing to the fact that dealers In fire crackers have laid in their stores, aggre gating more than tlO0,000, and this would be a great loss if they could not dispose of the materials, it is probable the Coun cil will not consent to "cut out" the "in sane" celebration this time. A report from the committee on com merce, landings and wharves will be presented, recommending the sale of $500,000 worth of bonds for the construc tion of public docks. MONKEY CAUSES STIR UNTAMED SIMIAN IS CHASED FROM HOTEL BOOM. Clerk Wright Fears James Anderson Is Perpetrating Joke Until " Investigation; Is Made. ' . One South American untamed mon key succeeded yesterday in disturbing the peace, and Is now In solitary con finement. The Simian made his first public ap pearance in the middle of the afternoon on the window edge , of a court room at the Hotel Seward. Happening to glance out of his window opposite the court, James Anderson, a contrac tor, spied the animal, and immediately called up Clerk Wright on the house phone. "Hello, Wright, who owns the mon key on this floor?" inquired Ander son. "Beg pardon," replied Wrigrht. "Monkey monkey monkey, on the third floor; sitting in the1 window and making faces," phoned Anderson. "Now, that Is all right. Mr. Ander son," came the soothing voice of the office man, whose business it is to agree with the whims of any guest. "Of course, we will have that attended to right away. Monkeys are not al lowed in this house, and we will eject that one as soon as I can consult t.e do I mean the porter and Mr. Seward. Of course, there is a monkey up there. 'Just keep calm until I can have it attended to." "What's the matter with you, Wright? There are no lizards and ele phants in this menagerie. Just one monkey, and he is raising the deuce in. 322. I'm coming down. Arriving at the office, Mr. Anderson found Clerk Wright backed up in the, corner farthest from the desk and pounding g6ngs with both hands. After looking at Anderson, Wright concluded that maybe the matter needed investi gation. Securing the porter and a party of guests, an inspection was started. The Simian was there all right. In attempting to catch him, the ani mal jumped from the third story to the ground and escaped over the rear fence. He was cornered in a nearby house and claimed by Harry Wilbur, of 146 Eleventh street, who has im ported and is training 11 of the ani mals. The monk escaped from his cage, climbed a drain pipe to the third floor and entered the room occupied by E. J. Pyle, where he Investigated the con tents of the room, removing most of the toilet articles from the dresser and confiscating a bottle of perfumery. SHORTHORNS SELL WELL Good Consignment Finds Bidding Lively, Though Attendance Small. The tenth annual Spring combination auction sale of the Portland Sale Com pany began yesterday at the stockyards. A small consignment of thoroughbred shorthorn cattle was sold at fancy prices. Although the crowd was email, the bid ding was brisk. It was the opinion of not only Colonel Harriman, the auctioneer, but also of the buyers, that the con signment was one of th.e best ever seen on the Coast. Most of the cattle were yearlings and the prices ranged from 1 fif and eco $50 to $250. All of the stock had long pedigrees, their dams and sires coming irom the greatest prize winners In the United States, noticeable among them was Golden Viscount, 323726, a yearling ouu, wno was hid in at $250. Morrow Boy, 333729. and Tod Goodsi 323744, both yearling bulls, brought $125 ana sao respectively. Rosebud IV, a red cow and small calf, broueht S250. Numerous others brought sums varying irom u down to $50. O. M. Plummer, of this city, waa the largest buyer and J. B. Haines, of Mon- tesano. Wash.; Bransfleld & Porter, of enedds. Or., and Hunt & Lacy, of Port land, were the principal bidders. About 100 persons were present. The consignment of horses from Brook Nook Farm, Home Park. Mont. and belonging to C. X. Larrabee. of this city, will be put up for auction this morning at 10 o'clock. Following this will be the sale of 30 other consign ments, which will take the entire time on Wednesday and Thursday. A herd of registered Holsteins belonging to Theo dore Kruse will te sold at 10 A. M. to day. Owing to the high class of stock there is an unusually large crowd of buyers In the city. Many of these are from the East and Middle Western states. The sale is under the direction of G. A. Westgate. Morrison Goes to St. Paul. George L. Morrison, traveling freight agent for the Canadian Pacific Railroad for the past two years and one of the most popular railroad men on the "Row," has received the appointment of con tracting freight agent at St. Paul. He will leave Portland May 1. E. L. Cardie, general agent of the road at Portland, is awaiting a communica tion from his headquarters at Vancou ver, B. C, before appointing his suc cessor. New Amusement Park Planned. SPRINGFIELD, Or., April 26. (Spe cial.) An amusement park in West Springfield, accessible from Eugene by the streetcar at a five-cent fare. Is planned by local capital. There will be Whatever may be your estate, leave it with our Company with specific instruc tions as to its disposi tion. Absolute safety and strict economy assured. The millions already with us attest our satisfactory serv ice. You can avoid ex pensive and uncertain probate proceedings. Let us advise with you. MERCHANTS SAVINGS & TRUST COMPANY Corner Sixth and Washington Streets Line of the Limited Between Portland and Puget Sound Is the OREGON AND WASHINGTON R. R. There are also two other very popular passenger trains. Dally Schedule! O. & W. Local 9:00 A.M. Shasta Limited 3:00 P.M. O. & W. Owl 11:45 P.M. Ask about , our "OWL" Sleepers. Trains arrive and depart Union Depot, foot of Sixth street. City Ticket Office, Third and Washington Sts. C. W. STINGER, City Ticket Agt. W. D. SKINNER, Gen. Pass. Agt. I Fit Rain In Ilrrnd April 30. TRUST BUSINESS FREE LITERATURE ON i f "vr-... r sj; . z --f ! J f . i V- 4 t r A' I L m J A handsomely illustrated booklet on Portland, in two colors an official map of the entire city and a booklet on "Thirty Reasons Why" the careful investor is more safeguarded by an investment in Laurelhurst than in any other residence district of Portland. Cut Thia Out Laurelhurst Co., 522 Corbett Bldg., Portland, Or. Kindly send me by return mail the above de scribed literature on Laurelhurst. Name ....... Address . . ... Town o. attractions similar to those of amuse ment parks in the larger cities. There is a large tract of land, with trees, that A high-class Residence District OPENING DAY SATURDAY APR! This is what you have, been waiting for. 79 CARTER-DUGAN CO. 820 CHAMBER, o COMMERCE May 2, 9 June 2, 17, 24 July 5, 22 August 3 September 8, 22 EASTERN EXCURSION RATES Chicago and Return. 9 72.50 St. Louis and Return .S 67.50 New York and Re tarn 10R.NO Boston and Retnrn. .$110.00 For further particulars, folders and sleeping-car reser vations, call or address Great Northern City Ticket Office 122 Third Street, Portland, Oregon. 11. DICKSOJf, C. P & T. A. H. A. JACKSON, A. O. K. & P. A. 1 . Pnones Main 080 1 A 22S0. and Mali to :. ....... . Chu. M. Burrowes. Ad Service. can be used for few other purposes, ow ing to the fact that the high water in the winter covers the ground. 1 fm L 50 - St. Paul. Minneapo lis, Dulnth, AVlnnl. per, Omnha. St. JoReph. K s d i a h City and Return. . 410.00 i. fiiiiiMiiiuiiuuiiMimiiiiiiiuHumimimm I hi i'ff ' il' lir.iiii.IU'1"!!! -lit! III . ! I J.: II, il l f II ill ii litiLuilitU.llHiS. 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