PORTLAXD, OREGON, SATURDAY, JULY 1, 1911.
PRICE FIVE CENTS.
HTLID'S EVERY
ARTISTS' COLONY
SHOCK KILLS T
FIELD TRUSTEES
FLAG DESECRATED;
MAGAZINE HALTS
LOUIS J. WILDE.
IS INDICTED HERE
DREAM IS REALTY
PLAN SKYSCRAPER
INTEREST THRIVES
US BOAT HITS ROCK
1100 OVER BLUE
BCRIt M'LVTOSH FINDS "AX
CHICAGO TO GET XEW MOXSTEB
SALE OF COLLIERS IX BOSTON
GEL-; BUTS TRACT.
BCTXDLXG.
VIOLATES LAW.
VOL. LI "0. 15,787.
CRIMSDN IS TWICE
fcity's Advancement in
Year Amazes.
CEREAL SHIPMENTS SOAR
fecund Far Behind and Loca
Gain is Huge.
13ANK CLEARINGS CUMB
Building Activity Increase Steadily
and Postofflce Receipts far Ex
eel, 19 tO Fiscal Year Stock
Market Stride Big.
With the close of the fiscal year a
retrospective view of Portland's active
tjr for the last six months shows that
rh city has made extraordinary prog-
ess In every endeavor.
Records at the City Hall indicate
hat building permits for the last six
nonths exceed the building activity of
i similar period last year by $1,000,000
At the Custom-House shipping rec-
irds loom as more thriving than ever,
Portland's outgoing cereal trade ex-
eedlng that of the Sound by 3.303,991
bushels and the city's gain for the
year being ll.734.7S. Only in lumber
s there a falling- off. but this Is not
iscrlbed to msrket lassitude, last yesr
having been an extraordinary year In
the lumber trade.
Although bank 'clearings showed an
immense gain In June. 1910. last month
surpassed that record month by nearly S
per cent and the Increase for the half
year ending yesterday lists a gain of
nearly 7 per cent.
At the Postofflce a material Increase
also recorded, the increase for the
year exceeding $100,000.
Crowning the city's handsome
-ecord. the wholesale trade shows that
t has leaped to keep up with fellow
ictlvltles. Indicative of the gain the
Portland Union Stockyards shows
hipment Increase of 332 carloads of
lock of all kinds for the half year.
Gain Deemed Supreme.
Portland's advancement. It is be
eved. surpasses that of any other city
i the United States. With the month
of June giving a good account of Itself,
the half-year period as well as the
fiscal year, ending yesterday, showed
immense Increases in virtually every
line of business.
The close of tho ceroM year In ship
ping demonstrated that Portland Is la
he lead of Puget Sound and other
vorts. There were shipped from this
ort 11.033. 2 J2 buhels ot wheat and
7i,JT4 barrels of flour. The gain over
he year 1909-1J10 waa 1.60S.71S bush
els or wheat and I5..S67 barrels of
I flour. Portland exceeded Puget Sound
ports In wheat shipments by 1.S09.991
bushels.' The business for the cereal
year was $1,734,798 In excess of ihe
value of shipments for 1909-1910.
One cf the gratifying features of
Portland's export trade was In lumber
shipping. There was sent from this
port 104.038.7SS feet of lumber, or only
7.000.000 less than shipped the last fis
cal year, which was the banner season
In Portland's history.
Bank Clearing Climb.
Rink clearings for every month have
mad! large gains. Clearings for
March exceeded those fcr the corre
sponding month of last year by near
S5.C00.COO. In spite of the big record
made in June. 1910. the clearings for
the month just closed showed an in
crease of nearly S per cent.
The following table shows the totals
In bank clearings for the first half of
1910 and 1911:
110.
llt.
41.J4I.1
17.:4.3S
51: 5.H
j.:js
44.114.47T
4I.I9I.S14
K.bruary J.3a..I4
M.r.-b ............ 46 343.9.HX
April 4 :7.V0J
May II lJ.J:
Jun. 43.144.0ll
Total C4S.111.71 f)i.l4.(14
Compared with other cities in the
United States. Portland has made i
remarkable showing in building con
uructlon durir.g the past six months.
Gains were made every month except
In April, when permits fell behind by
few thousand dollars -of April. 1910,
which was the banner year in Port
land's history. The month of .June.
however, showed a big increase over
the permits for the corresponding
month of last year.
In addition to the several skyscrap
ers In course of construction, a number
of four and six-story buildings have
been started In the business district
of Central East Portland, where many
of them will cost 1100.000 each. There
are several Immense structures plsnned
for the West Side business district be.
sides numerous smaller buildings and
apartment-houses. Fine residences are
being built In all parts of the city.
Wltn building plans active now. It is
expected that the latter half of the
year will show a still greater increase
and the big record of 1919 may be
eclipsed.
A comparative table showtng the
record in building permits for the first
raif of 1910 and 1911 follows:
-tl
Valuation.
s-4.1 ie
X fo4 1
J.4TJ Si
sou.;::
1.1)1. Mi
i.7.7:i
No.
No.
4tt
71
:
7:4
0
s:;
Valuation.
5U f IS
1.4'4.4.'
1 -l M
l.l T.44II
J.7t.lia
Janon-y ... 14
K-lrumxy .. 4.'5
-rfart-h ..... i
tvpril tr
I lr B
I. aae ......
Total ...IMS .. SKI .S:4.US
Permits Iued exreed those for the
4Cjpclnd. a 1 1
Hotel, Workshop. Cafe Chantant,
Art Fair llall and Cottage at
Cost Fart of Plan.
tj-is ivr.n.rs. Jun 30. (Special.)
The dream of Burr Mcintosh, magaslne
nronrletnr. ex-2MWSDaDer man. long
time successful actor, dramatist, artist
and expert phoptographer. who projects
a world art center in California, a
pears about to be realized.
Mcintosh covered the globe with
camera and decided that this state
wnnM h tho Ideal Discs Tor his colony.
He bought 00 acres today in a pic
turesque location south of the city and
It is announced that construction work
will be begun immediately. It is on
darattod that Homer Lauzhlin. a cap!
ijillnt. who Is Mcintosh's uncle by mar
rlage. is tbe "anger back of the unique
venture.
In the center of the grounds are to
be erected a hotel with ZOO rooms, an
rt fair hall, a a-ronD of structures de
voted to studies, a theater, an artists
vArltihnn. reataursnt with cafe Chant
ant and SO cottages to be rented at
cost. The cost of the buildings is esti
mated at S 300.000.
HILL'S STATUS IS MYSTERY
Berlin Embaaey Proves AnomaHy In
Diplomatic World.
BERLIN, June 30. (Special.) Con
tinned failure on the part of the Amer
ican Government to appoint a succes
sor to Ambassador Hill, to send-him
his papers of recall or to take steps
to restore the staff of embassy here to
Its full complement Is becoming a sub
ject of genuine mystification In diplo
matic circles of Berlin.
The delay in the appointment of a
new man is explicable on various
grounds, but that Dr. Kill should not
have been authorised to bid adieu to
the Kaiser In usual form and that the
embassy Is left In Its present under
manned condition are causes of aston
ished conjecture. When Dr. Hill re
cently went to Kiel at the Kaiser's
command, it was supposed he would
take occasion to present his papers of
recall. As he did not do so the fact
inevitably has come out that the
American Government had not sent him
such papers.
He Is, therefore. In the curious posi
tion of an official who, though prsc
tlcally out of the service. Is still un
der formal commission in the eyes of
the German government, and ntust be
treated as a fully authorised Ambit-
dor.
DANCE BARRED BY GAYNOR
New York Mayor Will Xot Permit
Degradation of Stage.
NEW TORK, June 30. (Special.)
Mayor Gaynor has Instructed Police
Commissioner Waldo to take physical
possession of the stage of the Winter
Garden and curtail alleged improper
Russian dances. The Mayor's Interposi
tion cams as a result of a letter writ
ten him by B. Ogden Chlsholm. who had
bought tlcketa for himself and Mrs.
Chlsholm.
Mayor Gaynor, In answer to Mr. Chis-
holm's letter, wrote the following:
"I have had numerous " complaints
about this play, and I have instructed
the Police Commissioner to interpose
and if necessary take physical posses
ion of the stage during the play and
arrest those engaged in any Indecencies
which It exhibits.
There .sre certain people here who
are doing all they can to degrade the
stage in this city: I am sufficiently as
sured that the play Is disgusting."
BUSINESS LEAD IS HELD
Bank Clearings Show Portland
Ahead ot Northwest Cities.
Surpassed for the week by Los An
geles only, Portland maintains a good
lead over all other cities on the Paci
fic Coast as Is shown by Bradatreet'a
report of bank clearings for the week
ndlng yesterday. Clearings in Port'
land for the week aggregated $9,389,'
000. an Increase of 9. J per cent over the
corresponding week last year. The per
centage of Increase In Los Angeles for
the week waa 15.
AH of the other Pacific Coast cities
show a falling off In business transae
tlons. Tacoma's clearings did not equal
those of the same week In 1911 by 29.1
per cent. (Seattle also lacked 16. per
cent of doing the same volume of busi
ness that was transacted by that city
In the corresponding week the year
before. In San Francisco, the clearings
for the week fell off 8.8 per cent, and
In Spokane 11. 9 per cent.
BOTTOMLEY FINE $250,000
London Newspaper Proprietor De
frauded Master Estate.
LONDON. June 30. Horatio Bottom
ley, editor, newspaper proprietor, finan
cier and Independent Liberal member
of Farllament for South Hackney, was
condemned by Lord Chief Justice Alver
stone today to pay $150,000 damages to
the estate of the late R. E. Master, a
retired Madras civil servant.
It waa asserted that Bottomley had
obtained 1:55.000 through misrepresen
tation by selling to Msster worthless
shares in numerous undertakings pro
moted by Bottomley himself.
The plaintiff is Mrs. Curtis, a daugh
ter of Master. The Lord Chief Justice
grsntea m. stay of execution on con
dition that the whole $:50.0v0 be -oald
into tha court wXthlfL & week.
Women Die of Fright
on Alaskan Waters.
STEAMSHIP SPOKANE IS LOST
Passengers, Totaling 158,
Pass Night on Stony Shores.
PORTLAND FOLK ON BOARD
Though Only Meager Xews Has Been
Rewired, Confirmation Given
That Dead Are From Wash
ington and Philadelphia,
rORTLAND PEOPLE IX WRECK
OF 8TFIMT.B SFOKAXE.
Mrs. Philip Bushner. Miss Matta
Bnehner. Miss Margarita Bushnsr,
Mlas Lillian Bushaar. Miss Clara
Adams. Miss Marms Adams, Mrs. p.
S. Malcolm, Mrs. Lillian Barrr. Miss
Elisabeth Bno. Mrs. Hamilton
Brooks. Mrs. Fred H. Orean, Miss
Winifred Abbott. Kin Jeaal M.
Johnson, Mtss Josls 6ullivan. Mlas
Ross M. Woodrow, Mr. and Mrs. H.
W. Hogua, Ocorge W. Carroll, Jr.,
David Robertson.
VICTORIA. B. C. June SO. Two
women passengers died of shock last
night when the excursion steamship
Spokane, which for years has been
nsed only for carrying tourists to the
glaciers and towns of Southeastern
Alaska, and which, waa fitted up for
this service and waa laid up except
during the Summer, struck a rock In
Seymour Narrows. B. C, and was
beached In Plumper Bay to prevent
her sinking in deep-water.
The women who lost their lives were
Mrs. O. F. Williams, of Washington, P.
C and Mrs. J. E. Strauss, of Philadel
phia. Their bodies have been placed on
a steamship bound for Seattle. At first
the women were reported missing, and
It was feared that they had been
drowned. A search of the steamship
was made and their bodies were found
n their cabins, where. It Is supposed.
they died of fright.
All the passengers except these two
were landed In the small boats. The
passengers passed the night and today
on the rocky shore, camping, and were
taken off by the steamship Admiral
Sampson tonight and conveyed to Seat
tle, where they will arrive at 8 A. M.
tomorrow.
Reports of Death Conflict.
Conflicting accounts of the cause ot
the women's death have been received
in the brief wireless dispatches sent
by the steamships Admiral 8ampson,
Prince George and City of Seattle that
hurried to the assistance of the dis
tressed steamship.
One message asserted that the wom
en died of fright in their staterooms.
here the bodies were found. A
private dispatch said that they were
drowned.
Mrs. Williams waa aocompanled by
IConclnded on Pass 2.)
Sites' of Old Chicago Opera-House
and Orphenm Bought for
Giant Enterprise.
CHICAGO, June 30. (Special.) Trus
tees ot the Marshall Field estate today
bought for $2,100,000 cash tho Chicago
Opera-House block at the southwest
corner of Clark and Washington
streets. In connection with the pur
chase It developed that the Field es
tate was also the real purchaser of the
White property, the old Orpheum, ad
joining the Chicago Opera-House block
In Washington street, the price paid for
this latter property being above 1900
000.
This means the erection of one of the
largest buildings down town, equaling
if not excelling the S5.000.000 Insurance
Exchange building and representing
total Investment of about $10,000,000.
The sale of the opera-house building
means the eventual passing of one of
the most famous theaters of Chicago
end one which at the time of its con
structlon was regarded as a model. The
late David Henderson was the first
lessee, and it was here that he made
and lost a fortune In his famous ex
travaganzas.
MRS. PETERSON SENTENCED
Woman Known In Northwest Goea
to Prison as Swindler.
SAN FRANCISCO. June 30. (Spe
cial.) Mrs. Ines Peterson, who repre
sented herself to be Mrs. Henrietta Far-
relly, of San Leandro, a wealthy widow,
and attempted to get $10,000 on a mort
gage on the Farrelly home, was sen
tenced to four years at Folsom, prison
today.
While the court was pronouncing
sentence the woman interrupted him
with a plea for clemency, but was cat
short. The Judge told her he was hot
holding her past against her, but that
he was convinced she had shrewdly,
cunningly and deliberately committed
the crime and should pay the penalty.
Her attorneys announced that they
would take an appeal from, the sen
tence. Mrs. Peterson was arrested several
times in the Northwest, charged with
defrauding hotelkeepers and tradesmen,
She was found guilty two weeks ago.
AVIATOR BEATS EXPRESS
German Flies 3 45 MHo With Pas
senger in Less Than ft Hours.
BERLIN. -June SO. Hirth. the Ger
man aviator, who, with a passenger in
his monoplane, started from Munich at
7 o'clock last evening, arrived here at
9:08 this morning. His actual flying
time was five hours and 41 minutes for
346 miles. A stop over night was made
at Nuremberg, and another landing was
made at Lelpslc The airman wins a
prize of $12,500. The express trains
make the trip between Munich and
Berlin In ten hours. Hirth recently
made a world's record for height with
a passenger, ascending 5182 feet.
SURPLUS IS $33,000,000
Panama Canal Operations Do Not
Trench on Treasury.
WASHINGTON, June 30. Revised es
timates indicate that the closing of the
fiscal year 1911 today will find the
Federal treasury showing a surplus of
approximately $33,000,000 on all ordi
nary accounts.
Receipts from Panama Canal bond
sales indicate that there will be no
total deficit on account of canal oper
ations. WILL HE GET TRIMMED?
Yale Freshmen Crew
Wins First Event.
25,000 WATCH STRUGGLES
600 Decorated Yachts Line
Course of Contests.
BREEZE BLOCKS OARSMEN
Harvard Captures Eight-Oared Var
sity Race by 19 Lengths, Also
Varsity Fours Aeroplane
Hovers Over Contenders.
NEW LONDON. Conn., June 30. Har
vard's effort to sweep the Thames to
day for the third consecutive year was
not achieved, tor, although the crim
son won the great varsity event, m
runaway style by as lengms ana ma
substitute varsity fours by five lengfhs.
the Tale freshmen scored in the ini
tial event.
The winning crew led from the start.
Harvard's varsity eight shook off the
lighter Tale crew early and was never
challenged throughout the f our miles.
It was the fourth consecutive victory
for Harvard, a reoord that has not
come to Cambridge for nearly half a
century.
Wind Hinders Race.
The varsity race was rowed down
stream with a fast tide, but with a
head breeze that made progress some'
what slow.
The morning races were rowed up
stream, also with the tide, but against
a moderate wind, ana tnose nines
were slow as well. The official times
for the three races were:
Varsity race Harvard, 22 minutes 44
seconds; Yale 23 minutes. 40 seconds.
Freshmen Tale 11 minutes, 63 sec
onds; Harvard 11 minutes, 59 seconds.
Varsity fours Harvard, 13 minutes.
37 seconds; Tale, 13 minutes, 62 sec
onds.
Thousands Line Coarse.
The varsity race was witnessed by
more than 25,000 persons on shore. In
observation cars and on the river in
a floating grandstand. Overhead rode
an aeroplane while beneath stole a
submarine.
More than 300 yachts were lined
along the course, and nearly doub.e
that number took positions for the var
sity race at a later hour.
The starting pistol sent the fresh
men eights away on their two-mile
struggle at 11:26. In the first dozen
strokes Harvard pulled out one length
in the lead. Yale spurted and won by
two lengths.
The varsity substitute fours lined
up for their two-mile stretch still far
ther up the river, with rowing condi
tions good. At 11:53 the pistol shot
sent the fours away. Harvard lumped
Into the lead at the start by half a
length, but Yale qulcaly drew up al
most even, but the Crimson kept its
lead.
During the interval of waiting be
tween races, the observation train
Concluded on Pass 6.)
OREGON
W0aL6?MER
Patriotic Society's Agents Warn
Newsdealers Who Suppress
Offending Publication.
BOSTON, June 80. (Special.)
The sale of the current is
sue of Collier's Weekly was
stopped in Boston today by order of
the police because it had advertising
on a representation ' of the American
flag in colors on the first page, in vio
lation of the laws of the state.
The matter was brought to the at
tention of the Superintendent of Po
lice by the Society for the Protection
of. the American Flag. Superintendent
Pierce sent word to all captains ask
ing them to Instruct all newsdealers
that if they sold this week's issue of
Collier's they would be liable to legal
proseoutlon.
Captains throughout the city re
ported back to police headquarters that
all newsdealers said they would not
offer Collier's for sale.
COST STOPS POLYGAMY
Woman President Says Man Cannot
Support Plural Wives, Now.
WASHINGTON, June 30. The high
cost of living is an effectual bar to
polygamy, according to President
Smith, of the Mormon Church. In reply
to a question whether he thought it
best for a man to have but one wife,
the husband of five wives and the
father of 43 children said:
"In these days of high cost of living
there is no doubt that the average man
is much better off with one wife. If a
man cannot support one wife decently.
it would obviously be Impossible for
him to support more. The women of to
day all demand that they be dressed
and fed and housed as well as possible,
and the man wltn an average income
would be In terrible straits if he had
several wives on his hands, all crying
for the latest things in hats and
gowns."
President Smith, who came to Wash
ington to appear before the sugar
committee" of the House, said he ex
pected to leave the city today.
Ha said that polygamy no longer is
practiced by Mormons and the man
who is caught taking a plural wife is
promptly excommunicated.
JUNE BRIDES ARE FEWER
Records Show Marked Falling Off
In Xumber From Last Year.
June brides were not as numerous
this year as last. County Clerk Fields
Issued only 406 licenses to couples last
month, while In June, 1910, he Issued
429.
In spite of the falling off as com
pared with last June, the number of
licenses Issued last month Is far in
excess ofVhose Issued for the previous
months this year, and the total num
ber of licenses for the first six months
of 1911 is larger than the number for
th same time last year. The record
this year is as follows: January, 243;
February, 212; March, 201; April, 244,
and May, 253. The first months of
1910 were as follows: January, 197
couples; February, 181; March, 196;
April, 220; May, 232, and June, 4i3.
CANAL OBSTACLE REMOVED
Right to Cross Reservation Given to
Big Yakima Project.
OREGONIAN NEWS BUREAU, Wash
ington, Juno 30. Senator Jones and L.
M. RIcer, of Seattle, who have been In
consultation with Secretary Fisher for
some time, urging approval of the ap
plication of the Klickitat Irrigation &
Power Company for right of way
across the Yakima Indian reservation
for an irrigation canal, succeeded today
in having a satisfactory plan arranged
by which work can go forward.
This enterprise contemplates the ir
rigation of 300,000 acres in Benton and
Klickitat Counties, and when completed
the project will be one of the largest
In the United States.
TWO SUFFER LOSS OF EYES
Pre-Fourth. of July Victims Lose
Sight at Everett, Wash.
EVERETT, Wash., June 30. (Spe
cial.) With the Fourth of July cele
bration four days off, two persons have
already suffered the loss of eyes as
result of accidents. Julius Nelson, aged
35, was brought here from Hartford
today, to receive treatment for a ter
rible wound inflicted as he stood across
the street from a crowd of young men
and received the full force of a rocket
in his eye.
The five-year-old son of W. L. Ismus,
of Everett, was shot today In the eye
by a boy who held a pistol and the
sight was entirely destroyed. The
saootlng was done in play, both of the
lads being warm friends.
TORPEDO CRAFT ASSIGNED
Fleet of 12 to Be in Columbia for
Astoria 3entennlal. '
WASHINGTON, June 30. Eight boats
of the Pacific torpedo fleet have been
assigned to duty at Astoria from Au
gust 15 to September 1, on account of
the celebration.
The other four of the fleet will be
stationed at Portland during part of
the time and at Astoria during the re
msfhder, between these dates. The
boats are the Whipple, Truxton, Hull,
Perry, Hopkins, Paul Jones, Preble,
Stewart. Lawrence Rowan, Golsborough
and Farragut,
Larceny of Oregon
Trust Coin Alleged.
MORRIS ALSO CHARGED ANEW
Promoter and Convict Accused
of Embezzling $90,000.
BENCH WARRANT ISSUED
Accusation Is Based on Transaction
With Telephone Bonds Cashier
Believed to Have Talked.
Grand Jury Acts.
An indictment jointly charging Louis
J. Wilde and W. Cooper Morris with the
larceny ' by embezzlement of $90,000 ot
the funds of the suspended Oregon
Trust & Savings Bank was returned yes
terday by the county grand Jury fol
lowing an investigation conducted by
District Attorney Cameron.
A bench warrant was issued for the
arrest of Mr. Wilde, who is In San Diego,
Cal. Mr. Morris is In the State Peni
tentiary at Salem, serving a six years'
sentence for the part he played as
cashier in wrecking the institution.
The Indictment is bssed on a transsc-
tion between Wilde and Morris, as cash
ier of the Oregon Trust & Savings Bank.
dated May 7, 1907. about three months
before the bank closed Its doors. At thst
lime Wilsle, as the agent of the Union
Telephone Construction Company,
through Morris sold to the bank a block
of $500,000 of Omaha Independent Tele
phone bonds. For these securities Wilde
Is said to have received $100,000 In cash
and certificates of deposit for the bal
ance. Records Involve Wilde.
From the investigation that has been
made it is said the books of the bank
show the payment by Wilde to Morris
of $45,000 of the $100,000 cash he received
from the bank.
While averse to discussing the case
last night. District Attorney Cameron
declared that the prosecution has a
strong case against the accused. He
said the transaction could be proved
by the bank records.
Shortly after the indictment was re
ported William Miller, brother-in-law
ef Wilde, called on Judge Gantenbeln
and requested that service of the bench
warrant, which had been issued for
Wilde's arrest, be held up until today.
Bench Warrant Waits.
Miller explained that he had tele
graphed Wilde advising him of the In
dictment and requesting him to return
to Portland immediately rather than to
wait and be obliged to be brought to
this city by an officer. Judge Ganten
beln granted the request, but at a late
hour last night Miller had not received
an answer to his telegram.
While the crime alleged in the in
dictment was committed nearly five
years ago, it is contended by lawyers
that the statute of limitations, which
in such cases is three years, has not
run against the offense with which
Wilde is charged. It is maintained
that the statute of limitations does not
apply in Wilde's case, for the reason
that he is a non-resident of the state.
At the time of hl3 relations with the
defunct bank Wilde resided at Los An
geles. He since moved to San Diego,
Morris' Confession Hinted.
The indictment of Wilde is believed
to Indicate that Morris has broken his
long and determined silence and has
furnished th officials with definite in
formation concerning the system of
frenzied finance" practiced by him and
others in the administration of the
bank's affairs. Repeated efforts on the
part of the District Attorney to force
Morris to divulge the Inside facts at
the time of his arrest and trial proved
futile. He resisted all such attempts
and would disclose nothing of a dam
aging nature against any of the other
bank officials or those who assisted in
wrecking the institution.
Expose Not Complete.
Morris did not think it would be pos
sible for the state to convict him. It
was not until after he had been con
victed, his appeal to the Supreme Court
denied and an application for executive
clemency from the Governor failed and
he entered the State Penitentiary to be
gin serving his sentence, that Morris
showed any indication of weakening.
It la known that Morris has fur
nished the District Attorney's office
with some facts, but the prosecutor's
office is satisfied Morris has not told
all he knows and which would be ma
terial in assisting to clear the mys
tery surrounding the failure of the
bank and in fixing the responsibility
where it belonged.
Bank Owes $3,500,000.
Wholesale investments by the Ore
gon Trust & Savings Bank in tha
Omaha Independent Telephone bonds,
coupled with other more unstable ven
tures, proved more than the bank could
carry and its suspension was the re
sult. An Investigation of the books of
the banks under the receivership dis
closed that the institution had pur
chased $1,300,000 worth of telephone
bonds. The aggregate of the bank'a
liabilities when it suspended waa
nearly $2,500,000.
JL