Image provided by: University of Oregon Libraries; Eugene, OR
About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Dec. 13, 1912)
5 THE MORMXG OREGOMAX. FRIDAT. DECEMBER 13, 1913. SERVIAN DEMAND FOR OUTLET VOICED Opposition Party, Loyal During War, Now Puts Limit on Peace Terms. GOVERNMENT IS ; WARNED Balkan Peace Commissioners e Ileachlng I-ondon Greeted by Cos mopolitan Crowd Grey to Attend First Session. LOSDOX, Dee. 13-Tae strictest tractions have been ctvea to the peace delegates to lanlst oa the eessloa of Adrianonle. Sontarl and Jaolna, accord lnK to a Sofia dispatch to the Time. LONDON. Dec' 13. A Belgrade dis Datch to the Dally Telegraph says: The government has a majority of only a single vote in the skuptschina and. although all parties loyally sup ported the cabinet during the war, now that the peace conference is open ing the opposition party has outlined certain limits, including an uncondi tional independent outlet to the sea, below which it regards it as impera tive that Servia should make no con cessions. "The opposition warns the govern ment not to repeat the mistake of 190$ through fear that Servia might remain isolated. CommiMloMra Reach ioidoa. The Greek, Servian and Montenegrin peace commissions arrived in London tonight from PaWs. They were greeted at the Charing Cross station by a cos mopolitan crowd, which included the Greek archimandrite and members of the various legations. The Greek premier, M. Venidelos, and other delegates expressed apprecia tion of their indebtedness to the Brit ish government's courtesy and earnest hope for the speedy and successful conclusion of their mission. Creek Speaks for Peace. if. Venlrelos said they were deter mined to do their utmost to secure lasting peace and desired hereafter to be the best of friends with -the Turks. Details of procedure and the date of the first meeting of the conference will not be arranged until all the delegates have arrived. Sir Edward Grey, the British foreign secretary, will attend the opening meeting and make a short speech of welcome. A' tragic incident has occurred at the military hospital at Belgrade. A Servian officer who had been captured bv Albanians had his eyes put out and his nose and ears severed. As he was on his way to recovery his mother was admitted to see him and was so shocked at his appearance that she fell dead. AUSTRIA DISTURBS COMMERCE Continued and Costly Mobilization Gives Rise to Alarms. PARIS, Dec. 12. The continued Aus trian mobilization which, accompanied by heavy expenditures of money In that country, has resulted In the dis turbance of commerce and Industry, is causing considerable uneasiness here. Austria's tactics on the eve of the Balkan peace conference and the meet ing of the European Ambassadors In London are not understood, although assurances have been received in Paris that Austria Is bent upon peace. If what is called honorable peace be pos sible. , Roumanla's suggestion that her rep resentative participate in the Ambas sadorial conference has not been voiced by either France or Great Britain, as It Is desired to limit the discussion to the six great powers. Premier Venlzelos, of Greece, while passing through Paris on his way to London, declared In the course of an interview that Greece was certain to negotiate side by side with her allies at the peace conference. He admitted that several problems existed between the allies themselves, but declared that all of them recognized the' necessity of maintaining the Balkan Confederation. The Temps, which Is considered to reflect the views of the government, thinks everything tends to confirm the feeling of uncertainty and uneasiness. Reviewing the attitude of - Austria during the last six months, the paper points out that in 1909 when she had to defend the annexation of Bosnia and Herzegovina, Austria made mili tary preparations on a considerably smaller scale thnrr those she has re cently undertaken and also that Aus tria is making these preparations in the presence of a pacific Russia and a Servia ready to abide by the will of the great powers. Other conservative opinion in Paris Is that Impartial observers must con clude that the Austrian Cabinet is making ready to attack Servia on one pretext or another, or wishes to be master of the negotiations at London, ITALY SUPPORTS ' AUSTRIA Plan for Commercial Outlet Without Possession Agreed To. ROME, Dec. 12. It Is understood in well-informed circles that Italy's at titude with regard to a Servian port on the Adriatic is Identical with that of Austria that is, she would consent to the use of a commercial outlet with out territorial possession. According to other Information, which lacks confirmation, Italy sup ports and has obtained for the Balkan states the adoption of a plan for a somewhat limited Albania, with the provision that Durazzo and Avlona shall be included therein. Defeat of Greeks Reported. ROME, Dec. 12. The Tribuna and Glomale d' Italia publishes telegrams from Avlona reporting the receipt of a dispatch from Kssad Pasha, the Turkish commander, announcing that in a flerce engagement lasting two days, near Janina. the Greeks were de feated and compelled to retreat. with other members of the board. Mr. Untermyer wanted to know 1 it was just to prefer these creditors. Mr. Sturgis said he thought It was. He agreed to furnish a list of failures of Stdfck Exchange members covering the last ten years. Mr. Sturgis said the Stock Exchange had never been 'the subject of a legis lative Investigation. He mentioned the Hughes commission, which went over the operations of the exchange. The evidence supplied to the commission, he said, was "voluntary." woner Held by "Timid" Banks. Reading from the answers to the Hughes' Commission, Mr. Untermyer referred to "the unscrupulousness" and the "timidity of certain persons in locking up the currency." "What d you mean by that?" asked Mr. Untermyer. "We meant." answered Mr. Sturgis, "that during the 1907 panic some banks and trust companies, fearful of their deposits, locked up their money in their vaults lar in excess or. ineir re serve, keeping It out of circulation. where it belonged. J. H. Griesel, of Grlesel & Rogers, DR.ABRAHAMSTALKS "Modern Judaism" Discussed at Temple Beth Israel. ORIGIN IS POINTED OUT FESiSSYLVAXIA MEMBER OP CONGRESS UNSEATED, BUT RIVAL. ALSO LOSES. - J - - - :..ir Representative C. C. Bowman. WASHINGTON", Dec. 12. Rep resentative Charles C. Bowman, of the Eleventh Pennsylvania district, was unseated by the House' today by the passage, 153 to 118, of a resolution declaring that corrupt practices had been used In his election in 1910. At the same time the House refused, 181 to 88, to seat George R. Mc Lean, his Democratic opponent. It is charged that he had been guilty of the same practices as were alleged against Bowman. The seat from the Eleventh Dis trict will be vacant until March 4. when it will be filled by John J. Casey, Democrat, elected last November. STOCK MADE COLLATERAL (Continued From Flr Parr.) mission charge, there would be no trouble, would there?" i After some discussion Mr. Sturgis said: "Well, that would be a healing balm to some extent. That would be help ful." Caatauers Loae by Failure. Mr. Untermyer brought out that failures bad occurred on the exchange by which customers . had lost their stocks held by an Insolvent member. In a case of that kind. Mr. Sturgis said, the proceeds of the Insolvent member's seat were by agreement de voted to liquidating his engagements New York, testified as to methods of operation of the New York Stock Ex change. He said the lending of money on the exchange did not begin ordi narily until about 11 A. M., some times at 10:30 if the market is very active. Some times." he said, "3,500.000 or $4,000,000 is loaned within IS or 20 minutes, this volume of transactions serving as a basis for rates on re newal of loans.- I have lent some times (20.000,000 or 125,000,000 a day and borrowed perhaps $15,000,000 on a single day. I have lent as nigh as $35,000,000. I represent the borrower rather than the lender and, of course, I get the benefit In the transactions." Millions Lent by Telephone. Griesel said J. P. Morgan & Co. frequently lent at the exchanges, though sometimes several months may elarjse between their transactions. He said the principal lenders were the National City Bank, the Chase Na tional Bank and the Bank of Commerce. Kuhn. Loeb dt Co., he added, would sometimes lend as much money as any of the banks did. "That's when they get In money from some large bond Issue. The same as to Speyer & Co. and the Morgan Com pany," he said. "Any record as to how much money you lent on November 29, when call money was at 20 per cent?" I think about iio.uuu.uuv or 2u,uuv,- 000 on the loan side." "How much , money was lent up to noon of November 29?" From 35.000,000 to 36,000.000. I lent $2,000,000 between 2 P. M. and 2:30 P. M." . "Who loans for Kuhn, locd & co.7 "I do." "And for Speyer?" "I do." "And for the Chase National Bank?" "I do." "And the Morgan Company?" "Rogers & Rogers." The witness said millions and mill ions of dollars were lent over the tele phone in the course of regular busi ness. Money Mould Be Kept at Home. The method of lending money In the loan crowd" on the Stock Exchange was described by the witness. He said that New York banks that loaned to out-of-town banks usually made known the banks for which they are lending. "What would be the result or fixing rate of Interest on money on the Stock Exchange?" asked Untermyer. Whv. It would keep the money at home in the country banks," answered Qrlesel. - C W. Turner, loan broker for the National City Bank, said that the bank e represents never charged more man 6 per cent on loans, no matter wnat the rate on call money might be on the Exchange. What would be the result If an banks did that?" asked Untermyer. Why. money would not be attract ed to New York," answered Turner. He said that on the day recently when money was at 20 per cent, he lent for the account of the National City Bank $3,000,000 at 6 per cent. He described the general method of making loans on the floor of the Exchange, and said that the total daily loans on the Ex change would amount to more than $40,000,000 o- $50,000,000. He said, however, that was merely an'estlmate that there were no statistics available to show the total dally loans on Stock Exchange securities. TAFT GIVES FORMAL DINNER Cabinet Entertained for Last Time at White Honso Function. WASHINGTON. Dec 12. The last formal Presidential dinner of the Taft Administration to the Cabinet was given at the White House tonight. In vited to dine with the President and Mrs. Toft. In addition to the Cabinet officers and their ladles, were the Vice-President and Mrs. Fairbanks, several Senators and Representatives, the secretarv to the President and. Mrs. Hilles. Mr. and Mrs. Andrew Carnegie, Mr. and Mrs. William Nelson Cromwell. Mr. and Mrs. Cornelius Vanderbilt, Mr. and Mrs. Henry W. Taft, Mr and Mrs. Adoiph Lewisohn and Otto T. Bannard. of New York. Special Lecturer of Cambridge Uni versity, England, Asserts That Change Was First Broug-ht About in Germany. "Modern Judism" was the topic of an address delivered last night at Temple Beth Israel by Dr. Israel Abrahams, a special lecturer of Cambridge univer sity, England, who is touring this coun try delivering lectures at the leading universities. Because of the activity of Rabbi Jonah D. Wise, along the same lines of work. Dr. Abrams stopped in Portland to confer with him and was Dersuaded to address tile congrega tion and others who were interested in the subject ' Previous to introducing the speaker Rabbi Wise explained that,tbe temple was very infrequently used for other than devotional services, but this rule was broken because of the opportunity of listening to a man of international educational note and one recognized as an authority on all subjects pertaining to the Jewish race and religion. Origin Is In Germany. - In his opening remarks. Dr. Abra hams explained that reformed, or as called by some, modern, Judaism, had Its origin in Germany, later was taken art In the United States and Is now ac cepted In Great Britain. Reformed judaism had its origin In the permis sion of the Jewish people to participate in general social life which bad been denied them for centuries, the speaker said, and was brought about by the desire to adopt to the new conditions, some of the orientalism, which was deemed un essential to the religion. "Manv of the old forms and customs of the religion do not appeal to the modern Jew," said Dr. Abrahams, "and, being false and a sham, have been withdrawn. The Hebraic religion Is based on visions received from God and all are directed to a common attitude toward life. There is but one God and that is of the Jews and whom all peo ple worship. Translated Balm Read. "The Jews gave the world religion and the Greeks gave it culture and with the assimilation of these two the perfect religion will be attained. Ma terlallsm Is a fashionable belief, but it is the unity of the soul and mind of the lndlvldua that produces the true religious fait a. Dr. Abrahams closed bis address with the reading of Milton's translation of the 84th Psalm. WAR IS NOT PROBABLE AUSTRIA'S STATUS IX BALKAN CASE EXPLAINED. Dr. Sargentich Lectures to Press Club Members on Causes Which Led to Present Trouble. Austria has no serious Intention of declaring war as a means of prevent ing Servian territorial extension to the Adriatic Sea, for the reason that Aus tria Is made up of a conglomerate mass of races, and the opportunity for in terna! revolt would be welcomed, prob ably leading to disintegration and de struction of the empire, Dr. Spiro Sargentich told an audience of Press Club members In a lecture on the Bal kan situation In the clubrooms, Elks' building, last night Dr. Sargentich was born In Austria, of Servian parents. For a number of years lie was physician at the Mon tenegrin court, and Is well Informed on the politics of the Balkan Peninsula. HiB address coveredp, in a general way, as much as the limitations of time would permit the history of the Bal kan peoples and their oppression by the Turks, which finally ended' In the brilliant war now drawing to an end. In which the Turks were completed routed. The people of Montenegro, that little rocky principality of less population than the City of Portland, the speaker gave credit for keeping alive the tra ditions and spirit of the old Servian empire In the face of Turkish oppres sion throughout the centuries. He gave a vivid word picture of Turkish atrocities, declaring that it was the accumulated desire for vengeance of hundreds of years which had enabled the allies. Christians in religion, to make scuch short work of their Mo hammedan opponents. Now he pre dicted Russia, allied with the Balkan peoples by ties of race and religion, will not stand idly by and see the al lies robbed of the fruits of their vic tory, and back of Russia are France and England. Demers. known as "the card wizard," assisted in the entertainment with a clever- sleight-of-hand performance. BOTHERSOME RAFT MOVED Standard Mill Management Praised by Officials on Harbor. Appreciating promptness with which ancient boomstlcks and other accumu lations were removed and the mass of logs diminished so that decidedly less space is occupied on the south side of the east approach oi the uurnsiae street bridge, Chief Inspector McGrath, of the Custom-House squad, and Cap tain Speler, of the harbor patrol, spoke in commendatory terms yesterday of the executives of the. Standard Box & Lumber Company. It was complained by steamboatmen that the log rafts at the mill were al lowed to swing Into the stream, often as far as the east draw pier of the bridge, and In the event -trouble was met with In getting through the draw there would not be space enough for them to maneuver. In addition motor boat owners and tugboat men, who could navigate their vessels beneath the bridge, objected to the road being blocked with rafts. Now the logs are held close to the dock, boomstlcks be longing to another mill that had been there two and three years have been removed, and the rafts are lighted at night GERMAN' STEAMER STRIKES Searchlights at Entrance to Sound Blind Slaster Bearings Lost. SEATTLE. Deo. 12. The German freight steamer Nauplla, of the Kos mos line from Hamburg for Seattle, went ashore tonight at Point Wilson, near Port Townsend. The Nauplla Is resting on an even keel in the soft sand and apparently Is undamaged. The tide was running C ' V v. in I L . , ft " ipJ . wt ? - V riA f x 1 i ! - : AbfvA 1 si 0i i m - In V- i U ikl " 1 : i ' fA ; 4 Is i- " i 5 "-T-v. i 1 A"1 - I 9 t, i f , . v v, V rff i t '4 i x (H : :'' 1 1 I ; 41, " " tefeirP vi 1 1 a: j mti J-i 7 AW! I Half -Price Sale A most remarkable offering of stylish apparel at prices never quoted before in mid-season. The opportunity is golden take ad vantage now. All Ladies' and Misses' Man -Tailored Suits at HALF PRICE $20.00 Suits, half price.. $10.00 $22.50 Suits, half price $11.25 $25.00 Suits, half price $12.50 $27.50 Suits, half price $13.75 $30.00 Suits, half price' . . . .- $15.00 $35.00 Suits, half price .... J .... $17.50 $40.00 Suits, half price $20.00 $45.00 Suits, half price $22.50 Every model is new, made for this season's serv ice, and the half price includes every one, save blues and blacks, on which most liberal reduc tions have also been made. All Ladies' and Misses' English Mandelborg Raincoats HALF PRICE l- The best Raincoats that you can : buy; made from beatitiful water ' proofed fabrics, in plain cloths and ' in fancy tweeds. $16.50 $18.00 $20.00 $22.50 $25.00 $27.50 $30.00 $32.50 Raincoats, Raincoats, Raincoats, Raincoats, Raincoats, Raincoats, Raincoats, Raincoats, half price $8.25 half price $0.00 half price ..$10.00 half price $11.25 half price $12.50 half price $13.75 half price $15.00 half price $16.25 Remember the first price quoted on each Suit or Raincoat is the reg ular normal price, and not a price used for this sale under the mis leading terms "value." In the Ladies' Shop, Entire Third Eloor Elevator Service Sellin en oeiimor MORRISON STREET AT FOURTH 3 out when the big freighter struck and It Is believed there will be no diffi culty floating her at high tide tomor row. The revenue cutter Areata and a tug are standing by. The master of the Nauplla said he was blinded by the searchlights on the forts that guard the entrance to Puget Sound and lost his position. When he got Out of the sweep of the brilliant beams- and found he was off his course be reversed the engines but It was too late to prevent the Nauplla from go ing on the beach. Two Term Limit Proposed. WASHINGTON. Dec. 12. Representa tive Bartholdt, of Missouri, Introduced today a joint resolulton to provide for a constitutional amendment to restrict Presidential tenure to two terms of four years each, "or approximately two Let X EauaCthc Unktwboti QiiahiHff:" Lenpendre't Algebra. Henrjrvtt Dyke's- finest .work of prsse. Unknown Quantity A- rkok of Roinanee .ancfSome Half- $1.50 net' By mail $1.64 ' Charles-Scrftner's. Sons. Fifth Ave,. K. Y. terms." with Ineligibility for re-election thereafter. Bose City Park CInb to Entertain. Thlelke's Orchestra will give a free concert next Sunday afternoon at 3 o'clock In the auditorium of the club house, Bast Fifty-seventh street and Sandy boulevard to members of the Rose City Park Club and their friends. The Light for the Home fSlSS use the best lamp you can buy is the Rayo. There is no glare; no Sicker. The light is soft and clear. The Rayo is a low priced lamp, but you cannot get better light at any price. Rayo lamps are lighting more than three million homes. - Sare the Children's Eyes and Your Own. The Vemtjf Made in various style am rWUad. Lighted without removing chimney or to clean ana rewwa. style and for alt purposes. A Dmaimrt Evmynhtn STANDARD OIL COMPANY Sm FrtMiM