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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (March 1, 1913)
4j THE MORNING OREGONIAN, SATURDAY, MARCH 1, 1913. WILSON DECLINES ESCOET OF HONOR TOE INAUGURAL. AND PRESIDENT-ELECT AND Willi. OMAHA HOTEL FIE 2S mm, REA'S INVITATION FATAL TO SCORE Flames Enwrap Building . Be fore Inmates Can Rush to Outlets. President-elect Prefers to Take Luncheon in Regular Dining-Car. Absolutely Pure Absolutely has no substifutl r. , - CHILDREN GIVE DIVERSION Aay to New York 19 Beguiled bjl Youngster Witb Talent tor Pull ing Hair Dentist and Artist Help Fill In Day. NEW YORK, Feb. 2. Two little children, a boy of ana a girl of 2, gave President-elect Wilson an hour of diversion today when be rode to New York from Philadelphia after a visit to his dentist. President Rea, of the Pennsylvania Hailroad, whose private car happened to be attached to the same train, in vited Mr. Wilson to luncheon. The President-elect had arranged to dine with members of his party in the din ing car and declined. The . railroad president sat with Mr. Wilson for a few minutes, chatting. At the other end of the car was a blue-eyed young ster blowing a toy whistle. He was watching the President-elect and as soon as Mr. Bea left the little fellow proceeded to make the acquaintance of the future President, who received him in his arms, found that his name was Clark Greenwood, Jr., and that he was fund of pulling hair. Infaat Intimacy l: Joyed. Master Greenwood found Mr. Wilson a ready listener to his infant utter ances. He rapidly grew more Intimate and soon his acquaintanceship extend ed to the privilege of fingering the President-elect's ears, rubbing his face and dancing up and down on his knee, all of which Mr. Wilson seemed to en Joy immensely. A moment later little Clara Green wood came toddling along from the other end of the car to find her brother and she, too. was soon on friendly terms with the President-elect Both child-en were presently perched safely on the knees of the next Presi dent of the United States, unconscious of the unusual situation. Mrs. Clark Greenwood, of Narborth, Iowa, mother of the two children, left her youngest child, a baby, a few moments and chatted with the President-elect. Portrait In Completed. Mr. Wilson, on arrival in New York, went to the studio of an artist who completed a portrait begun in the cam. palj-rn. Then he met William F. Mc Combs, Democratic National chairman, nd chatted also with National Chair man House. He plans to leave here to morrow for Trenton, where at noon he will see the inauguration ceremonies of his successor, Senator Fielder, pres ident of the State Senate. In the even ing the residents of Princeton will give Mr. .Wilson a farewel demonstration. As his train was approaching New York from Philadelphia the Governor . read a dispatch from Washington say Ins Castro had announced In Havana that the President-elect had extended . him an Invitation to the inauguration. Beyond the brief statement that It was unqualifiedly false," the Governor had r.o statement to make. Not long ago the Governor repu diated an annonucement made in New Vork that he would grant Castro an audience at Princeton. Following this Castro's counsel issued a statement that the General had never sought an audience and that he had been put in an embarrassing position . through a misunderstanding. STRANGE CRAFT ESCAPES Hcveniie Cutter Outrun by Power Boa t Carrying Coolies. SAX FRANCISCO. Feb. 28. While the United States revenue cutter Gold en Gate was making ready to put to sea this morning in pursuit of a mys terious power launch that had been slahted stealing up the coast by the weather lookout at Point Reyes, the strange craft crept into Drake's Bay, 19 miles north of here, and is believed to have landed 20 or more contraband Chinese coolies brought from Mexico. Ttien she crept out again and en gaged the belated Golden Gate in an exciting race for the open sea, which was won easily by the smugglers. Posses on land are now In pursuit of the human cargo thought to have been brought by the speedy launch. Drake's Bay is surrounded by wild country, which offers numerous oppor tunities for hiding the Chinese, and it. is believed they will not be appre hended. BROKERS' TAX PROPOSED New York Has Bill to Clinrge 1,1 cense Fee of 9500 a "ear. ALBAX1". X. T.. Feb. A yearly li cense fee of JSOO for each stock broker who may belong to any stock exchange In the mate, is proposed in a bill intro duced In the legislature today. The license would be Issued by the Superin tendent of Banks, who would have au tl'ority to make quarterly inspections of cs li stock broker's business. The hill is designed to meet objec tions to Governor Sulaer's measure com pelling stock exchanges to incorporate, which a New york lawyer at a recent hearing declared was unconstitutional. WILSON COUNTING ON TEN ("Continued From First Pane.) the bill now awaiting President Taft's tig-nature. The President requested that 10 seats be reserved on the floor of the. Senate tor members of his Cabinet during the Vice-Presidential Inauguration and that 10 seals for their wives be reserved In the Senate gallery. The request was complied with at once. The President-elect and Mrs. Wilson will arrive In Washington Monday aft ernoon. Thomas Nelson Page, chairman of the reception committee, will meet them at the train and escort them to the Presidential room in' the station, where the reception committee will await them." All plans for the Inaugural cere monies neve been completed. The city is aflutter with gay decorations and every incoming tratn is crowded with visitors. It Is estimated that 10.000 ar rived today and tonight. Tomorrow and Sunday 50.000 are ex pected to reach the city and prepara tions have been made to accommodate I.000 visitors by Tuesday. First actual steps toward the evacu ation of the White House offices by President Taft and his official family were taken today when the chairs were removed from the Cabinet room. These chairs, the personal property of their occupants, always are kept by the President and the Cabinet members when they retire from of flea. ' ... ABOVE KSSKX TROOP OP XEW JERSEY. BELOW LATE PORTRAIT OP MONEY TRUST FOUND Committee Says Financial In terests Hold Control. REMEDIES ARE OFFERED Denial of Use of Mails to Xon-Com-plying Financiers Is Snggested. CO Per Cent Margins, 3fo Wash Sales,' Proposed. ' (Continued From First Page) . and indeed related to them practically as partners In many of their larger fi nancial enterprises, are the powerful international banking bouses of Lee. Higginson & Co. and Kidder, Peabody & Co., with three affiliated banks In Boston. "nankins Ethics" Involved. "In New York City the International banking house of Kuhn, Loeb & Co., with its large foreign clientele and connections, while only qualifiedly al lied with tne Inner groups, yet through its close relations with the National City Bank and the National Bank of Commerce and other financial institu tions, with which It has recently al lied Itself, has many interests in com mon, and having what virtually amounts to an understanding not to compete, which Is defended as a prin ciple of banking ethics." Together they have, with a few exceptions, pre empted the banking business of the important railways of the country. "In Chicago this inner group asso ciates with and makes issues of se curities in joint account, or through underwriting participations primarily with the Chicago First National Bank and the Illinois Trust & Savings Bank, and has more or less friendly business relations with the Continental & Com mercial National Bank. These are the three largest financial institutions In Chicago, with combined resources of f561.000.000. Smaller Bankers Important. . "Radiating from these principal groups and closely affiliated with them are smaller but important banking houses, such as Kissel. Klnnlcut & Co.; White. WeW & Co. and Harvey Flsk & Sons, who are used as jobbers or dis tributers of securities. "Beyond these Interior groups and sub-groups are banks and bankers throughout the country who co-operate with them In underwriting or guaran teeing the sale of securities offered to the public and who also act as dis tributers of such securities." Concluding Its findings as to the ex istence of a money trust, tha commit tee said: "Your committee Is convinced that, however well founded may be the as surances of good Intentions by those now holding the places of power which have been thus created, the situation is fraught with too great peril to long be tolerated." Iaterlockiajr Directories CmduueaV The report condemned interlocking directorates and consolidations and do voted considerable space to a state ment showing the development of con trol through these agencies in New York institutions. "it is manifestly improper." said the report, "and repugnant to the theory and practice of competition that the same person or members of the same firm shall undertake to act In such In consistent capacities." The report condemns the use of vot ing trusts in tbo control of financial institutions and criticises private bank ers acting In the capacity of deposi taries for interstate corporations. The committee urges the following reforms: "Clearing-house associations of which National banks are members should be required- to become bodies corporate of the states in which they ax located and every solvent and properly man aged bank or trust company should have the right, enforceable at law, to become and remain a member. Regu lar periodical examinations of members by a committee of the Clearing-House Association should be prohibited and Instead all such examinations should be conducted by public authorities." Federal Supervision Proposed. The committee would give the Gov ernment supervision of clearing-house certificates and would prohibit the fix ing of rates by clearing-houses for the' collection of out-of-town checks, dis count or interest on deposits. As to the New York Stock Exchange, the committee recommends: "That Congress prohibit the transmis sion by the malls or by telegraph or telephone from one state to another of orders to buy or sell or quotations or other information concerning transac tions on any stock exchange, and also prohibit National banks from buying or selling or lending upon the security of stocks or bonds listed upon any stock exchange, unless such exchange were a body corporate of the state or territory in which it is located "Require corporations whose securi ties it (the stock exchange) lists," the report continues, ' "to make a complete disclosure of their arrangements, in particular any commission paid to pro moters, middlemen or bankers out of any such security, interest or the pro ceeds thereof. Margin of 20 Per Cent Snsnreated. "Require a margin of not less than 20 per cent on all purchases of stock. "Prohibit as far as possible the execu tion of simultaneous or substantially simultaneous orders proceeding from the same person or persons, to buy and sell the same security for the purpose of creating an appearance of activity therein and any orders, the purpose of which is to inflate or depress the price of any security. "Prohibit members from pledging se curities purchased and carried for a customer for an amount greater than the unpaid portion of the purchase price whether with or without the. con sent of such customer. "Prohibit members from lending to other members securities carried by the former for customers whether with or without the customer's consent. 'State in its charter the conditions on which issues of securities shall be admitted or removed from the trading list and provide tor a judicial review of Its action in this regard. "Keep books of account, showing the actual names and transactions of cus tomers and give access thereto to the Postmaster-General." Bank Restrictions Proposed. Among the recommendations for the restriction of National banks, the com mittee set forth 22 regulations. These were: The prohibition of the consolidation of two or more banks without tbe approval of tho Controller of the Currency; prohibi tion of directors- serving" on the boards of more than one bank In the same community or locality; forbidding ownership of stock tn one -National bank by any other National bank or trust company; forbidding voting trusts in the control of banks; providing for cumulative voting tn the election of Na tional bank directors; forbidding security holdjng companies as adjuncts to National banks; forbidding interstate corporations from constituting any banking establish ment their sole fiscal agents; forbidding Interstate corporations to deposit funds with "unsupervised, unregulated, private bank ers"; forbidding National banks from en gaging in underwriting syndicates; allow ing National banks to Invest 25 per cent of their capital in state, city, county or corpor ation mortgage bonds. If the corporation is sues have paid Interest regularly for five years: reform, of the system of railroad re organization to conform with the scheme outlined in the British law. which places reorganization ender tbe control of the courts, giving the Interstate Commerce Commission the power to supervise reor ganisation plans; placing railroad security issues under tbe control of the commission and providing for competitive bidding of such issues; forbidding officers of National banks from borrowing from their banks; providing for publicity for loans made by a director from his bank; forbidding Na tional bank officers and directors from par ticipating In underwriting syndicates; mak ing It a crime for officers or directors to accept any compensation for loaning a bank's funds: limiting the number of di rectors of National banks to not less than rive xir more than 13; providing publicity for the assets and for the stockholding lists of National banks. An individual minority report flled by Representative McMorran, of Michigan, Republican, was a flat disagreement with the recommendations and findings of tb majority. MB. AND MHS. WOODEOW W1LS05. STEEL WAR IS AIRED Fight Between Rockefeller and Carnegie Revealed. VAST ORE LANDS INVOLVED Hearing to Dissolve United States Corporation Develops That John D. Purchased as "Scarecrow." "Deals" Are Exposed. NEW YORK. Feb. 28. John t. Rockefeller and Andrew Carnegie lougnt each other In the late '90s to monopolize the Lake Superior ore lands. Mr. Rockefeller caught Mr. Carnegie's company violating an agree ment and forced it to give up ore properties containing 75.000,000 tons, according to testimony at the hearings to dissolve the United States Steel Corporation under tho Sherman anti trust law, resumed here today. James Gayley, former vice-president of the corporation and a director of the Carnegie Steel Company previous to its acquisition by the corporation in 1901, was the witness through whom tne testimony was adduced. Rockefeller Pictures! as Scarecrow. Mr. Gayley told of Mr. Rockefeller's having been pictured as a "scarecrow" of the steel industry, because of his control of vast Iron ore properties in the Lake Superior district. He testi fied also to efforts of the Carnegie company to obtain new properties in tne district as the result of the reD resentattons that Mr. Rockefeller had proposed to Join with the Federal Steel Company, the Carnegie's big rival, to "control the manufacture of steel the same as he does oil." From the minutes of the Carnegie Company read into evidence by counsel for the Government, It appeared that the Lake Superior Consolidated Company made an agreement with the Minnesota ore Company whereby the latter com pany was to purchase no more iron mines, leasing its mines from the Con soiraaiea. a similar agreement was made between the Consolidated and the Carnegie Company. It then de veloped, according to testimony, that tne Carnegie Company in 1900 violated its agreement and purchased proper ties containing a,uuu,uuu tons of ore. Gates' Iesnand Compiled With. "Did Mr. Gates demand of the Oliver Mining Company that there should be turned over to the Consolidated Com pany without condition 75,000.000 tons of ore acquired by the Oliver Iron company In contravention of the agree ment between the two companies" asked Jacob M. Dickinson, attorney for the Government. "Mr. Gates did make such a demand at the time, but we explained that un der the agreement Mr. Rockefeller was not supplying us with all the ore lands we needed." "Did your contention prevail?" "Well, we turned the properties over to them, which may be construed as an admission that their claim was cor rect," smiled Mr. Gayley. "They agreed to make a new deal, however, under which we were to receive larger tonnages." . Women's Club Is Organized. CHEHALIS. Wash, Feb. 2. (Spe cial.) The Women's Civic Improve men Club, of Chehalls, has completed Its organisation and adopted a con stitution and by-laws. Thirty-four women signed the constitution. The officers elected for the ensuing year are as follows: Mrs. W. a Short, pres- D) namlte Injafes Three Men. CHEHALia Wash.. Feb. 28. (Spe cial.) Sam Churchill, foreman of the Hill Logging Company, was seriously hurt, a laborer probably fatally injured and another badly mangled by an ex plosion of dynamite today. ' DEBRIS COVERS BODIES Register Burns and Many of Dead Will Probably Xever Be Identified. Acts of Heroism Save Many From Meeting Death. OMAHA. Feb. 28. A score of bodies perhaps more are believed to be be neath the debris of a fire which early this morning destroyed the Dewey Ho tel, a second-class hostelry. Many who escaped from the flames are seriously burned, perhaps fatally so, and two persons went insane from fright. The fire wrapped the building in flames 1 within a few minutes after It started and only 80 of the patrons, estimated variously at from 50 to 75, escaped. Tbe register of the hotel burned, so the names of all the victims will prob ably never be known. Tonight only four bodies had been recovered. These "were of persons who either jumped or who -died from ex posure or injuries. They were: Charles Cummtngs, a bartender. Unidentified man, body recovered by firemen before interior of the building collapsed. Mrs. Alice Bonnevue, sister of Mrs. Z. F. Wllklns, wife of the proprietor of the hotel. Charles Beverly, employed by an Omaha commission firm. Many Are Injured, Some of the Injured: Mrs. C. E. Wllklns went insane. Lydls, Nelson, 2324 Dodge street, bnrned on face and body, lona Jennings, overcome by smoke. Mark Hennlngway, Ewlng, Ntb over come by smoke; may die. Clara Newman, overcome by smoke. Unidentified woman, overcome by smoke, burned; will probably die. Swedish housekeeper, Tina, went in sane. E. C. Stlss, overcome by smoke. The fire occurred at an hour when few persons were in the' vicinity, and the interior of the building, which was old, was a mass of flames before the firemen arrived. Not less than 50 per sons were sleeping in the building at the time and estimates of the number run as high as 76. The fire was so Intense that firemen did not get the flames under control for several hours after It started. When they finally were able to enter the structure it had been gutted and the entire interior had fallen into the basement. Here, beneath tons of de bris, lie the bodies and it may require two days to remove them. . Damage is $250,000. The financial damage was about 1250,000. Izzle Steiss, a paper carrier, was one of the heroes of the fire. He was pre paring to start with his morning route and was one of the first at the fire. Even before the firemen arrived he rushed into the building and began How to Cure Croup A Remedy That Never Fails. Mrs. Wm. H. Cody. Croup is easily cured when properly treated. Give Chamberlain's Cough Rem edy as directed with each bottle and quick relief is sure to follow. Mis. Wm. H. Cody, Oswego, N. Y. writes, "My little boy, now six years old, was both ered a great deal with croup, and until we learned of . Chamberlain's Cough Remedy and began none it, this was much of an an noyance and alarm to us. This remedy cured the complaint as be has been free from it for the past three years." POSLAM MAKES THE SKIN CLEAR AND HEALTHY A clear and healthy skin is surely a blessing, and thousands toaay owe their enjoyment of such to the wonder ful curative properties of Poslam the nnequaled skin specific. All skin diseases, including acne, tet ter, psoriasis, piles, skin-scale, salt rheum, barber's and all other forms of itch are quickly eradicated by Poslam. Minor troubles such as pimples, red and Inflamed noses, rashes, dandruff, com plexion blemishes, etc, respond so readily that overnight treatment Is often sufficient. POSLAM SOAP used dally for toilet and bath will keep the skin in healthy condition, and Improves its" color and texture. Beautifies complexions, puri fies the scalp. All druggists sell Poslam fprice, 60 cents) and Poslam Soap (price, 25 cents). For free samples, write to the Emergent-' Laboratories, 32 West 2ath Street, New .MeVi&Hb t mM Many mixtures substitutes for baking powder composition or so wholesome nor will make Royal is the only Baking Powder , made from Royal Grape Cream of Tartar - assisting the night clerk to arouse those asleep in the building. He helped drag several half-dazed persons from the building and was nearly suffocated. Steiss stepped outside and collapsed from the effects of the smoke. Jesse Hold, who represents the man agement of the hotel, probably saved the lives of over a score of persons. He was awakened by the cry of fire and, half-dressed, hurried through the smoke-filled hallways arousing guests of tbe hotel. He succeeded In getting number of persons out of the burning building, all of them half clad. They were taken to nearby places of refuge for the time. Cold Hamper Firemen. Bitter cold made conditions almost unbearable. The firemen bad bardly got streams on the burning hotel until frozen pipelines began to burst. They caused an impediment to the efforts of the firemen and reduced for some time the efficiency of the fire-fighting force. When the flremen reached the scene Some Growing Children are under size under weight Some grow tall and thin, others are backward in studies pale and frail improper assimilation is usually the cause. If your children are not rugged and ruddy and rosy bubbling with energy and vim at all times, you owe them SCOTTS EMULSION nature's concen trated nourishment to build body, bone, muscle and brain. CbiMrea seed SCOTTS EMULSION U progress. Trade-Mark SCOTT BL BOWNK, Bloomfield, 14. J. u-4 auoi- - --o " makes the most enticing toast you ever tasted. Simple safe guaranteed two years. Come ff in today and see it W Factory Distributers for All Hotpoint Goods. 'Everything When you ask for Cyrus Noble the deal er knows that you know' good whiskey. It costs you the same as any other good whiskey. W. J. Van Schuyver & Co., General Agents, Portland. SAN FRANCISCO DIRECT $6 $10 $12 INCLUDING. BERTH, Brand New Steel Ship Carolno, one of the largest on the Cosst. All upper deck staterooms, exceptionally large, with telephones and all modern conven iences. Sails Sunday 3 r. -M-, aiarcn s. San Francisco, Portland & Vraak Re-Ham, Aseat. Main 20. 1M Third Street 4. UV are offered Royal. No oi is the same effectiveness, and economical, such fine food. the . building was a mass of flames. I Firemen saw many forms at windows in the two upper stories, but before ladders could be raised the roof began- to cave in and not a single person wasJ rescued. A Jesse D. Nolo, night clerk, was the last living person to leave the building.! He opened the door of his office on thef second floor when he heard an ex-i plosion, and was driven back by a puni of smoke and flame. He attempted to) arouse a few guests on that floor, bus was forced to go to the street, almost overcome, to savo his own life. Thi tew quests who escaped from second story windows or from tbe .one enl trance on the Thl-teenth-street sidJ did so in Bcanty attire. They were car rled to a drugstore across the streel and to a nearby restaurant and latel cared for at neighboring hotels. - ) Woman Sentenced for Killing Son CHICAGO. Feb. 28. Mrs. Louis, Llndloff, a spiritualistic medium, wh1 was convicted of the murder of ho; son to obtain insurance on his Ufa was sentenced today to 2E years in th penitentiary. WHAT is more deli cious than crisp, golden brown toast with the morning eggs and coffee 1 Hotpoint 1 Tosto This handy electric toast maker, without fuss or Vinfhi rio-Tit. An t.riB tahle. Electrical' MEALS AND BAGGAGE .uaae reservaiions .1 um--e. Los Angeles Steamship Co.