Image provided by: University of Oregon Libraries; Eugene, OR
About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Jan. 2, 1914)
THE MORNING OREGONIAN, FRIDAT, JANUARY 2, 1914. REPORT Otl BANKS OF STATE ISSUES New Laws Are Complied With, but Slowly, Declares Su perintendent Sargent. 11 INSTITUTIONS ARE NEW Kesources ot Oregon's 170 Organiza tions Show - Substantial Gains and Deposits Increase on Most Gratifying Basis. SALEXI. Or., Jan. 1. (Special.) S. O. Sargent, State Superintendent of Banks, In his annual report yesterday to the State Banking; Board announced that only one loan company bad com plied with the law passed at the re cent session of the Legislature pro viding an annual license fee of $50 and the filing: of a surety bond of $1000. He reported that several applications were being; considered and that a num ber of complaints of violations of the law had been investigated, but no con victions had been obtained. The Super intendent said It would be the endeavor of the department strictly to enforce the law. The report says that onlv two cor porations have complied with the law passed at the recent session of the legislature regulating trust companies. However, the companies have until June 4, 1914. to comply with Its pro visions. This law, which- affects 13 state banks under the supervision of Mr. Sargent, provides that no trust company which has not compiled with the provisions of the act shall be per mitted to use In the name or title un der which the business Is transacted the words "trust" or "trustee." Kleven Km Banks Admitted. Since . the report for 1912 11 state banks have discontinued business by transferrins' their deposits to other banks and going into involuntary liqui dation. One has become a National bank and one has consolidated with another. Eleven new banks have been authorized to commence business, with a capitalization of $840,000; two private banks have been incorporated, the total of increased capitalization of four banks was $77,500 and two banks de creased their capital $40,000. The total expenses of the department for the year was $16,706.18, of which $10,107.50 was for salaries. At the date of the last official call, October 21, there were 170 state, sav ings, private and foreign banks, under the supervision of the department, with total resources of $74,086,277.62, with a net gain over the final report of the previous year of $607,391.96. Deposits In the state banks, exclusive of postal savings, were $59,396,237.49, with total cash on hand and balances due from banks of $19,697,688.98. The average re serve was more than 38 per cent. Total Deposits Gain. The total deposits, compared with the corresponding call of 1912, show an In crease of $94,747 and the combined statements of all banks In the state show an Increase In deposits of $7,084, 568.24. Mr. Sargent says: "A careful analysis of the individual statements of the banks under this date, considering class of investments, percentage of reserves, etc, reveals the most satisfactory condition In the kls tory of the department. "The department has refused to grant a number of charters for various reasons. In some instances Investiga tion has shown clearly that the organ isation was for the purpose of satis fying personal differences or to further the interests of the promoters: but principally for the reason the field was already, sufficiently served and the business too limited for the establish ment of another bank in the com munity. It has been the experience of the department that one successfully managed bank In a community of a limited amount of deposits can serve the publics to a better advantage and with greater safety to Its depositors than where the business Is divided." RELIEF IS DENIED TO COOK Washington Declares Some Camp i Jobs Not TTnder Compensation Act. OLTMPIA, Wash., Jan. 1. (Special.) The recent decision of Judge "Wright, of Pacific County, that a woman cook employed by a -shingle company; near South Bend did not come under the workmen's compensation act and was entitled to no relief when her skirt caught on an automobile from which she was descending will have far reaching effect, according to 'an offi cial opinion rendered by the Attorney-General's office today. This office holds that the Industrial Insurance Commission has had no right to collect from lumber and log ging companies premiums covering male cooks and flunkies working In eamos In the woods. The Commission Is advised to return all such premiums already collected unless the employer and employes will unite In an agree ment to come under the elective adop tion provision of the act. In past cases, however, where cooks and flunkies have been compensated for Injuries, the opinion Is to the ef fect that the acceptance of this com pensation from the state will bar the employe from bringing suit against his employer. Roadmaster the manner and method the county will adopt in Improving the county roads inside the city. Special reference was made to that portion of Columbia boulevard Improved by the city, but which the property owners refused to pay for, alleging they were not responsible. Councilmen Vincent, Muason and Martin were appointed a special com mittee to secure options on the Caples and Catlin tracts, which are to be voted on for park sites at the February elec tion. The Caples tract is quoted at $10,000, but the value of the Catlin tract is not Known. The Council authorized the sale of improvement bonds to the amount of $9413 for street work. An ordinance was passed assessing the cost of the improvement of Crawford between Bur lington and Pittsburg streets at $2572. The Portland Railway, Light & Power Company's offer to donate the cluster light pole In front of the St. Johns Library was accepted. The committee on special policeman for East St. Johns reported favorably, provided the people there would pay for his services, but the report was laid on the table until next meeting. The petitioners for this policeman want the oity to pay for his services. LEVY SYSTEM ASSAILED SCHOOL TAXES GATHERED ON Alt. UNDATED BASIS IS CHARGE. OLD OREGON LINE PASSES Cottage Grove Says Good-by to Road in Xew Hands Today. COTTAGE) GROVE, Or.. Jan. 1. ( Special.) The Oregon & Southeastern Railroad Company, which has been an Important fuctor In the development of the Cottage Grove country, will be no more after today, although the de mise will hardly be noticed this morning the property passed Into the hands of the new corporation the Ore gon Pacific & Eastern Railway Com pany. G. B. Hengen. president of the old company, occupies the same position witn toe new company. A. B. wood, manager of the Oregon A Southeastern, Is vice-president and general manager, and Auditor Protsman Is secretary and auditor. . Jesse Darling ' and Herbert Kakin are new officers .who were not connected with ths former road. . Ths former Is second vice-president and the latter treasurer. ROAD PLAN BRINGS INQUIRY St. Johns Acts on Several Matters at . Council Meeting. ST. JOHNS, Or., Jan. 1 (Speclal.)- At the meeting of the St. Johns Coun oil Tuesday night City Auditor Rica was Instructed to ascertain from the County State Commissioner Galloway In Ad dress to Superintendents TJrgjea Support ia Getting; New Law. SALEM, Or., Jan. 1. (Special.) Declaring that the present method of levying school taxes In the counties Is antiquated and that a change Is needed State Tax Commissioner Galloway, in an address yesterday to the County School Superintendents, who are in session here, urged them to co-operate with the commission In obtaining: the passage cf a law remedying conditions at the next session of the Legislature. Mr. Ga'loway urged that the county be made the unit in place of the dis tricts, and that the children of all sec tions of the counties receive the same opportunity for obtaining educations. He declared that under the present district unit wealthy districts with a small levy sometimes raised even more money than was necessary for school purposes, while poor districts, with levies 10 times larger than others could not raise a sufficient amount. "If the back to the farm movement Is to mean anything," continues Mr. Galloway, "we must see that the schools in all sections are up to the standard. Desirable men with families will not move to fenarsnlv r 1 1 1 (Hf rl f t, un less they know their children will have ' first-class opportunities to obtain edu cations. But with good schools every where men will move to these sections and the back to the farm movement will amount to something-." Mr. Galloway said districts through which railroads passed had large school funds, whereas adjoining- dis tricts which did as much business with the railroads, shared none of the bene fits. He suggested that the district school boards be abolished and coun ty boards be provided for handling the school money. Mr. Galloway cited the success of the schools In the cities to prove th it better results could be ob tained by making the units larger. He declared that there could be no oblno- tlon to richer sections of the counties aiding In providing educational facili ties for the poorer ones. Addresses also were made to the su perintendents by Miss Cornelia Marvin, librarian of the state library, and M. 8. Pitman, of the faculty of the Mon mouth Normal School. 2 ON RESCUE BEHT HURT PARENTS NEEDLESSLY CHAR.GTC FTRB TO SAVE! CHILJDKEX. - Forty Lodgers Drives From Building at Marshfleld by Flames Dan(e Several Thouauds. MARSH FIELD, Or.. Jan. 1. fSDe- clal.) Mrs. Cuthbert Brown was se riously burned about the face and head and Mr. Brown was burned and his nanas badly lacerated. In trying to break down the door to reach a fire in their apartment today, in an effort to rescue their two children who they supposed were In the burning room. The children were on the street and had given the alarm. The fire was in the second storv of the Gow Why building, a double frame structure In the heart of the city. The flames started from a soot explosion and burned the second story of the south, naif and a portion of the main building. The upper stories were occupied by 40 lodgers, all of whom escaped Injury with the' exception of Mr. and Mrs. Brown. Gow Why, the owner, is a wealthy Chinaman, who is now visiting In Can ton. The damage amounts to several thousand dollars. Including furniture. personal effects and water soaked stock in the . Gow Why store, water damage to the Palace Market and spoiled fixtures In the Palace. Gow Why lost a building a year ago today on Fourth street by fire. Ik 1 111 vtrjr, si , . f ' V'10 f lu OWNERS ADVERTISE MY LOCATION FOR RENT ' I, Quit V JOtlllQ. the S Jann roadway ary 31! ENTERING the new year, my task of clearing out the balance of this big stock of Men's and Women's Fine Apparel grows greater and greater! Everything must go, regardless of cost or profits 1 Never were my high-grade garments ever offered at such a tremendous sacrifice. BIDS OPEN FOR PURCHASE OF FIXTURES. SEE MR. MARTIN. - , , , - ONLY 30 DAYS LEFT TO CLEAR OUT ALL "Chesterfie $20 Suits Now at $13.50 $25 Suits Now at $16.50 $20 Overcoats at $13.50 $25 Overcoats at $15.50 id" uits and Overcoats $30 Suits Now at $19.50 $35 Suits Now at $23.50 $30 Overcoats at $18.75 $35 Overcoats at $22.50 $40 Suits Now at $26.50 $45 Suits Now at $31.50 $40 Overcoats at $25.50 $45 Overcoats at $30.50 AIX KNOX HATS ON SALE FRIDAY $5.00 HATS $3.75 $3.00 HATS $2.25 All Women's Suits Exactly Half Price $40 Suits $20.00 $75 Suits $37.50 $45 Suits $22.50 $85 Suits $42.50 $30 Suits $15.00 $50 Suits $25.00 $35 Suits $17.50 $60 Suits $30.00 Every Silk and Wool Dress in the Store at Half Price ! Every Coat, Every Raincoat, Every Waist, Every Garment Sacrificed Terms of Sale: CASH GR AY Terms of Sale: CASH Must VACATE Broadway Building January 3 1, 1914! way at a cost of $45,000, and that a macadam road Is being built from Island Station south of Mllwaukie to Jennings Lodge through Oak Grove. It Is urged that the district between Mll waukie and Oregon City Is filling up rapidly with homes and that this road is needed. STRIKE ON AT TACOMA SMELTER MEM Q,UIT WHEil PAT IS CTJT AND HOl'IlS INCREASED. Twenty of 200 Who Walk Out Are Mill Workers ISO of Idle Picket Plant, hat Dciitlti Stand Guard. TACOMA, Wash., Jan. 1. (Special.) Two hundred employes of the Tacoma Smelter went on a strike today, after being Informed by the management that the decision to reduce wages li cents a day and Increase the working hours from nine to- 10 In their depart ment was final. The -majority of the men affected are ore handlers, but 20 are mill work ers who cannot work with the ore handlers Idle. Wages of the ore handlers have been $2.25 a day, except when they are working steamers, when the rat. of pay has been 40 cants an hour. .. "The smelter employs 50 men in all," said President W. R. Rust, "and tne rumace men ana others are paid from $2.25 to $4.00 a day of eight hours. The men now on strike are common laborers and their pay la the lowest. A minimum of 2.25 a day was estab lished by the smelter company some time ago. Of the 200 men on strike about 160 picketed the plant, but d.puty sheriffs were on hand- to maintain order. East Side Highway FfcTored. MIL W AU KI H, Or., Jan. 1. (Special.) At th. last meeting' of the Milwaukle commercial jiud . resolutions were adopted asking that the Clackamas County Court establish the Clackamas part of the Pacific Highway along the Kast Side or the Willamette through Milwaukle, Oak Grove and Jennings Lodge. It la set forth that Milwaukle has . completed a portion of this high- VEHICLE FEES $56,873 Total Number of Licenses Issued in Oregon In Last Year 13,9 57. SALEM, Or., Jan. 1. (Special.) The total number of motor vehicle licenses Issued In this state In 1913, according to the annual report of Sec retary of State Oloott, was 13.957, ami the number of chauffeurs receiving licenses was 1478. The fees aggregated $56,873. In 1912, 10,165 motor vehicle licenses were Issued, the fees totaling $42,994. The fees received from Multnomah County In 1913 totaled $27,762.50. High Tide Ties TJp Traffic. BAT CITY. Or.. Jan. 1. (Special.) Railroad track for a distance of 150 feet was moved a few Inches yester day when an unusually high tide at Elmore Park tied up traffio an hour. No damage to other property was done. JAPANESE TO AID STRIKERS Patronage to Go to Seattle Firms Employing Union Drivers. SEATTLE, Wash., Jan. 1. At last night's meeting of the Central Labor Council, a delegate of the Teamster's Union announced that the Japanese grocers of the city had' taken official action Indorsing the teamsters' strike and pledging themselves to patronise only wholesalers employing union team drivers, and also had adopted resolu tions commending trades unionism. The Japanese own many retail gro cery stores here, some of them large. Ashland Has Camera Club. ASHLAND, Or., Jan. 1 (Special.) A camera club organization has been formed here. Its membership includ ing a fair proportion of the amateur operators In this vicinity. Cliff Payne la president and J. E. Patterson, secre- I iKE P0UKS ; era 4 Delicious Layer Cake Your cake will be uniformly even in texture, of that soft, velvety consistency that makes melt in your mouthy if Rumf ord Baking Powder is used. ' ''- Rumford makes all cakes so digestible, light and nourishing that it makes perfect cake. ) no ibui - . THE WHOLESOME Does Not Contain Alum! Table Queen Bread is next to mother's ext iimei Get Royal!! tary. A clubroom will be fitted up with all the accessories for develop ment work, and at stated Intervals the members will meet and compare speci mens of their art. The relative merits of various- processes In photography will also be discussed, while the social amenities will not be overlooked as an accompaniment to the active work of the organization. xx x.x X N xx Vx tx ' - : : appreciate For "quality folks" For those who are particular about the appearance and flavor as well as the whole- someness of all that comes on their tabic They are the ones who best Campbell's Soups. , The inviting tastiness of our clear soups; the freshness, the natural color and aroma of our vegetable kinds; the rich nourishing effect of the heartier ones these are qualities which appeal to the most exacting taste; and which have made Campbell's the favorite soups among critical people everywhere. And we want to include yon. . Your money back if not satis fied. , ' 21 kinds . 10c a can Look for the red-and-whito label x x X s X v. X XX x Automobile School $10,000 Kqalpmenft I. Shop - Repair Practice. XL Theory la t met ion. ITT. Road Lessons. ilna Ion. Call or bend for Catalog-no T. M. C. A., lxth and 'A'ajrlor bta. - Household Economy . Is Promoted by Household Checking: Accounts. $100 or Over. lumber mens National, cank FIFTH AND STARK CALIFORNIA HOTELS. SAN FRANCISCO Geary Street, above Union Square European Plan $1.50 day up American Plan $3.50 a day up New steel and brick structure. Third ad dition of hundred room now building. Every modem convenience. Moderate rates. Center ef theatre and retail die. trict. On carlinea transferrins; all over city. Electric sauusos Meats traims aa i steaaws. On Viand's Beflaed HOTEL BrrvSTBtB BATES. KEY ROUTE INN A Beflned Family Hotel Noted for Its excel lent meals, perfect cleanliness, beautirul tar. dens, children's playgrounds. Blectrta trains to 8. JT. every 16 minutes at our door. Low weekly rate, with meala and bath. IIS, 1 person; S2T 50. 2 persons. Speclai low tamllx rates. K1THKR PLAN. 17 Powell St. at Market. San Francisco, Cat ".b,A Y- TURPIN. Proprietors . . Koom. wrtb Private Bath $2.00 upward Auto-bus meats all trains and steamers "Rh eumatism No More" Compounded by E. V. DAVIS, St. Lenin. Mo. For eale bj all druggist. r