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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Feb. 13, 1914)
THE MORNING OREGONIAN, FRIDAY, FEBRUARY 13, 1914: 13 CASH En COMPANY D RECTORS BACKED Creswell, Or., Stockholder In? vestigates Conditions for Himself. MAILING LIST REFUSED S. S. )lois Makes Special Trip to Portland to Learn Facts Flrst Hand, So Other Stockholders Might Have Knowledge. An extended statement in regard to the affairs of the United States Cashier Company, ot which he is a stockholder, and which he declares he has found, on personal investigation, to have been conducted by the directors to the best interests of the stockholders, was made yesterday over his signature by S. b. Morss, of Creswell, Or. Mr. Mores made a special trip to Portland to make inquiry as to the status of the com pany. Mr. Morss says that his purpose in making the statement is to inform oth er stockholders of the condition of the company and the facts in regard to the litigation in which it is now involved. This, he asserts, officers of the com pany have been unable to do through letters to the stockholders, because of the action of tho temporary receiver appointed by the court in refusing to Jet them have the mailing list of the stockholders. Mr. Morss statement is Tegardel as reflecting the attitude of those stockholders who oppose the present suit against the company. The statement follows in full. Stockholder Olve Views. Sein notices in th papers regarding thA t- verahin suit asainst tho United States Cashier Company, I came to Portland from Creswell to make personal inquiry, on account of beins a stockholder, and have counted a cood deal on the future outcome thin investment. Unon arriving here, much to my surprise, I find that Justice is meted out here much as we read of it being ionft in Russia. Might apparently Is right. StronK-arm methods prevail over more legiti mate means. Upon approaching the direct ors I find that they are reluctant to enter Jnto a newspaper flRht. They are apparently too dignified, hut it seems to me that out side stockholders should be notified of the ronditfons as 1 have found them; so I take this occasion to state the facts for publica tion, hoping that the stockholders as fl whole will concur with me in my opinions, knowing that their interests are being Jeopard tied if these methods continue and the directors are not backed up in their endeavors at this time. The statement made by the plaintiff that the company was insolvent and on that jrround obtaining a temporary receivership. t-eems to me hardly warranted, considering the facts that the receiver was appointed Saturday night, a number of hours after the courts had closed, without the courts giving the cashier Company any hearing; and it seems doubly strange that such a thing could happen upon the complaint of one small stockholder who had only held his stock for a few days and could not pos sibly know anything about tho condition of the company. I learn that Mr. Blrrel. who brought this suit, purchased the ten shares of stock, total j nr value $100. January 21. 3914. and brought t!i is suit In hope of embarrassing the com pany in their final negotiations with an Eastern concern for the removal of the plant 'to IndanapolU, Ind., and thereby compel thm tO'fknow ledge and mako payment in whole qx. in part of an unjust claim of a man named Hume, who is claiming $21,51)0 as a commission on the sale of the com pany's manufacturing rights for tho Eng lish territory, which he failed to consum mate, although the papers transferring these rights are still in escrow in London, it being only necessary for the cash payment to be made when the papers will be turnea over to Mr. Hume's customers. The papers still remaining 'in London show the com pany's ftood faith and intention. T am also told that Mr. Hume is a heavy debtor to the parties who are back of this suit. The plaintiff also claims that tho com pany la insolvent. How could this stock holder know that to be a fact when he had never asked for a statement from the com pany? There was no complaint on the part ft any creditor, the facts being that the directors had furnished some fou.OOO to pa all the floating indebtedness of the coi pany. Patent Attorney lUts Allegations. One of the dabs of mud thrown by the plaintiffs In this embroglio was one setting forth the statement that the patent rights of the company valued at $100,000 are worthless. In this connection I wish to ouote herewith an exact copy of a telegram received by the directors today from John K. Robb, of Washington, D. C, a patent attorney of international repute; Day Letter. Washington, D. C. United States Cashier Co. Kenton, Or. "Tn event you contemplate making extend d response to stockholders in answer to Hume charges published in Oregon Journal Thurs day, wait for strong letter regarding patents em forwarding today, which will go far towards reassuring stockholders regarding patent situation of company and controvert Jiume i allegations. "JOHN F. ROBB, 'Southern Building." They also applied for an injunction against tho shipment of the machinery east, which was reasonable enough for the court to grant until he could hear both sides, in my opinion there is no reason for granting the receivership. In regard to tho transfer of the plant back Cast, in a letter from President Menefee, undor date of June 9, 1913, a copy of which was mailed to each and every stockholder. thn mutter nr mov nir to n n KHRlurn eifv n ns et out, and since that time it has been quite universally known that the company contemplated a change of location, so that there is absolutely no grounds tor the plain tiff's assumption and statement that the di rectors were trying to ship the machinery and equipment out of the state without re eard to the stockholders' interests. Comparison to Russia Made. Through the papers they have made a statement that the Cashier Company refused to turn over their books. The facts are that they attempted to serve notice on Mr E. C. Baker, who was not then or now an officer or employe of tho company, and was, In fact. In charge of the machinery for the . Indiana corporation, the equipment having been turned over from this company under h. coniract agreea io be I ore Blrrell became a stockholder. Mr, Baker did. however, tell them that the books were In the safes In their usual and customary places. He did not consider himself the custodian nor at liberty to open them. On the strength o: that, the attorney for the plaintiff tele phoned from the factory to his partner Ii - town, which partner got Judge Davis to issue a warrant for Mr. Baker's arrest for contempt of court, committing him to jail i'ir two aays wunout even giving him hearing. Of course, they would not do any- tniug ot this sort in Russia. Last night they claim that they finally found the books, making it appear as if the Cashier Company had tried to hide them, when as a matter of fact, they were In the company's safe In their customary place under the control of the temporary receiver, who has a representative at the factory both day and night. This, of course. was just done to make it appear as if the Cashier Company had something to cover up or had spirited away the books. I am informed by reputable attorneys that a temporary receiver Is supposed only to keep everything Intact as he finds it until the court has finally decided whether to appoint a permanent receiver or not, and it is not supposed that he will allow anyone access to the books for information. But to show how nicely this is worked out in this particular case, the Cashier officer wanted to get a mailing list of the stock holders so as to send them a letter which had been prepared, but this was denied him on advice of Mr. Clark, attorney for the plaintiff, not tho judge. However, within six hours after that, the receiver, together with Mr. Birrel, the plaintiff (the owner of $100 worth of stock). A. B. Clark, his attorney, and representative of Mr. Hume, fully examined the books and carried them away with them and have not returned them to the company's safes. What Is sauce for the goose does not seem to be sauce for the gander. Case Delayed Until Today. t went- no to the court todav. expecting it would be definitely determined in regard to the receivership, but the Judge, in His wisdom, saw fit to grant the plaintiff a stay of proceedings until Friday, regardless of how injurious this delay may be to the thousand or more stockholders of the United States Cashier Company. That apparently is of small importance compared with the deep interest of the owner of lO- shares, al though the investment of many of tho stockholders runs into the thousands, and they have been stockholders for a period of from one to three years, instead of 10 days. At a hurried meeting of such stockholders as were in town the situation was explained and the contract read, and they were unani mous in their opinion that the directors had acted wisely and petitioned the court to allow mem to carry out tneir conuuci. addition to this I have seen numerous tele grams and letters from outside stockholders, each and all of which heartily Indorse the removal of the plant to Indianapolis and feel that the director have done the beet poi&ible for - the stockholders. I also learned, much to my surprise, that the directors have never drawn any salaries. but have given freely of their credit, and a large measure of their time tor the oeneiii of the company. This. I think, will be ol interest to the many stockholders, and If NO TRACE IS FOUND OK rilOE.MX GIRL WHO DISAPPEARS. a- K" J Fraaees LoudI. As yet no trace has been found of Miss Frances Lount, who mysteriously disappeared from her home last Thursday morning, and everything Is being done to set some clue as to her where abouts. Mrs. H. Li. Mosher, an aunt of Miss Lount, arrived from Phoenix, Ariz., yesterday to take up the search. Mrs. Mother's daughter. Miss Julia Mosher, who was living with her aunt and Miss Lount, is pros trated with grief at St. Vincent's Hospital. From a time table . dropped by Miss Lount it appears that she left for Seattle or some city on Puget Sound; but as 6he is without friends, funds or rela tives in the Northwest, other than Mrs. Mosher and her daughter, fears as to her safety are ex pressed. Miss Lount came to Portland about a month ago from Evans vllle, Ind., where she had been In a convent. Her father is a wealthy ice manufacturer in Phoenix. Miss Lount has always had a desire to become a nun and at present she may be attempting to enter some institution in the Northwest. any of you fe-3l as if you want to indorse the action of the directors, I am sure they would appreciate a telegram or letter to that effect. I believe that the stockholders of the companyrwill serve their own interests wisely by so dolns. If the letter which had been prepared to be sent to the stockholders had been per mitted to be sent out by the receiver, you would have known the facts in regard to the contemplated move: but the directors are denied the mailing list, and It Is there fore Impossible to advise the stockholders directly of tho exact conditions. I have learned by this suit that in this boasted land of justice any malicious stock holder, no matter how small his interests or how short his period of ownership, by the aid of the court, can Injure if not break a company, regardless of the interest of the other 899 shareholders, who apparently have no rights the Judge is bound to respect. yours truly. s. S. MORSS. N CITY HALLANNEX URGED MH. BREWSTER TO ARGUE OX MAK I NO USE OP AUDITORIUM. y Savttifc in Heating; Also Factor in l'a vor of Dolpb Site Mr. Blgelow to Make Separate Minority Report. The possibility of tho proposed new auditorium, if erected on the Dolph property, across the street from the City Hall, being used as an annex to tne city Hall, which is overcrowded with the increased number of city de partments and employes, and the pos- siDinty ot tne auditorium and the City Hall being heated by the same , plant, are arguments which Commissioner Brewster will make in his fight be fore the City Council for the selection of the Dolph site, recommended by the auditorium committee. Commissioner Brewster says the City tiaii, in, the course of a year or two. will be inadequate to care for the city uepartmenta. It is the plan to have the auditorium so arranged that public meetings can be held there every day if desired. .Plans as proposed by Mr. Brewster call also for the housing of the Ore gon Historical Society in the building At the regular meeting of the City Council this morning Commissioner Bigelow, a member of the auditorium committee, will present a minority re port favoring as a site for the buildin the two blocks adjoining Holladay farK on tne west. Ho will make a special point of the fact that the Market block has always been considered a reservation for pub lie markets and should not be con sidered an asset in the auditorium building fund, as it has been made In the majority committee report favoring the sale of the Market block to raise money to help in the acquisition of the Dolph estate property. AVENUE EXTENSION INTENT Moderate Grade on Maryland Is to Be Shown Possible. For the purpose of extending Mary land avenue through Lower Alblna on a moderate grade, the North Portland Commercial Ciub and the Overlook Club will hold a joint meeting tonight in the auditorium of the North Portland Branch Library, Klllingsworth avenue and Commercial street. Maps and plans showing how this extension can be made by way of Albina avenue on an average grade of 3.5 per cent at mod erate ccst will be snown and ex plained. According to the maps there are parts of this new route where the grade will be 2.8 per cent. The width of this extension will be 80 and 100 feet. It practically is an extension of Patton avenue, mentioned as a possible approach, to the Inter Exclusive Portland Agents Royal Worcester and Bon Ton Corsets r Advance Spring Models Ready Manicuring and Hairdressing Parlors, 2d Floor Artistic Picture Framing to Order, Fourth Floor Forgetting to get "S. & H." Green Trading Stamps is like leaving change on the counter. Don't Sell Your Stamp Books to Solicitors Old,Worttnan$:King Reliable Merchandise Reliable Methods Store Honrs 9 A, M. to 6 F. M. Every Business Day Saturday Included Delightful luncheon served daily from" 11:30 A. M. to 2:30 P. M..in the tea room, 4th floor. AllOu t-of-Town Orders Promptly Filled Double Sia mps Valentines for All! Center Circle, 1st Floor Greet ings, Post Cards, Favors, Score Cards. Cupids, Hearts, Home and Table Decorations, Boxed Novelties, etc., iti great variety. Given Today With All Cash Purchases In Women's Gloves, Hosiery and Knit Underwear De partments on the Main Floor Only Take Advantage Silk and Wool Dresses Greatly Underpriced $18.50 Grades $12.98 $5Q Grades Now $36.95 Garment Salons, Second Floor Hundreds of women "will welcome-this opportunity to buy a handsome Dress for afternoon or street wear at an unusually low price. All are up-to-the-minute in style, being &pecial lines from our regular stock of the season'B best-selling models. Among' the materials used are charmeuse, crepe de chine, silk poplins, crepe meteor; also a number of smart Dresses in. wool serge, eponge and novelty woolen fabrics. Wide variety of styles, trimmed with laces, silks, fancy buttons, nets, plaitings, fur, etc. Many models suitable for misses and small women also a number of styles suitable for large women. Note the reductions: Men's Shirts Main Floor Ordinarily shirts of this quality would sell at $1.25. They are made from splendid materials, cut in the popular coat style, with at tached cuffs. Great variety of smart stripe patterns and al most any color you may desire. Complete range of Q sizes. Friday, special $4 to $6 Sweaters $3.45 Main Floor Several broken lines men's heavy knit Wool Sweaters, in ruffneck and Byron collar styles, grouped for quick clean-up at above price. Colors gray, tan and cardinal. Former prices $4, $5 and $6". While they last fij O AS J buy them at, each lit Regular $18.50 Dresses on special sale at only S12.9S Regular $22.50 Dresses on special sale at only $16.45 Regular $25.00 Dresses on special sale at only $17.98 Regular $28.50 Dresses on special sale at only $19.95 Regular $30.00 Dresses on special sale at only $21.98 Regular $32.50 Dresses on special sale at only $23.98 Women's Suits lh Price Dept. Second Floor Plain tailored or novelty styles, suitable for wear on all occasions. This special group of Suits includes all the- latest mid-season styles and materials. .Especially good show ing of the smart cutaway effects, with peg-top and draped skirts. Such popu lar materials as Broadcloth, Fancy Cheviots, Wool Velours, Serges, Bro cades, Novelty Tweeds and Tailor Suit ings. Excellent range of sizes in the assortment for women and misses. Women '3 $32.50 Suits, Friday, $16.25 Women's $35.00 Suits, Friday, $17.50 Women's $40.00 Suits, Friday, $20.00 Women's $42.50 Suits, Friday, $21.25 Women's $48.50 Suits, Friday, $24.25 Women's $50.00 Suits, Friday, $25.00 Women's $58.50 Suits, Friday, $29.25 Women's $62.50 Suits, Friday, $31.25 Women's $72.50 Suits, Friday, $36.25 Women's $75.00 Suits, Friday, $37.50 Regular $37.50 Dresses on special sale at only 2745 Regular $40.00 Dresses on special sale at only $29.45 Regular $42.50 Dresses on special sale at only $29.95 Regular $45.00 Dresses on special sale at only $32.95 Regular $48.00 Dresses on special sale at only $34.95 Regular $50.00 Dresses on special sale at only $36.95 Women's $15 Raincoats, Special $6.98 $2Q.OO Silk and Lace Waists, on Sale Friday, $7.50 Department, Second Floor Women's and Misses' Raincoats of rubberized and cravenetted materials. Sev eral styles in this assortment, including belted-back models. Set-in -or raglan sleeves, with welted seams. Shown in good, serviceable colors. Coats selling in the regular way up to flo.00. or Friday Bargain Special we offer a great Zzj QO them at V"' JC3 Department, Second Floor Special group of high grade Waists, consisting of several broken lines, which we desire to close out at ence, hence this extremely low trice. Chiffons, silks, lace, charmeuse, etc., in latest models, trimmed with embroidery, lace bands, fancy buttons, etc. Waists worth up to $20.00. For a great Friday Bargain Special, each $7.50 Odd Lines Fancy Waists, Selling Formerly Up to $15.00, Friday at $3.98 Friday Specials in Girls9 Coats and Dresses Dept. Second Floor Radical price reductions to-close out all broken lines and small lots at once. Purchase now. Girls9 $5 Coats $1.98 $15 Coats $6.98 Fancy stripes, diagonals, serges and many other materials, both in medium and heavy weights. Season's best selling styles lor girls Z to 14 years of age. Many of these are in the favored belted ef fects, with fancy collars and cuffs. Lot 1 Coats worth to $ 5.00 afr only $1. Lot 2 Coats worth to $ 8.00 at only $2.98 Lot 3 Coats worth to $10.50 at only $4.98 Lot 4 Coats worth to $15.00 at only $6.98 $8.5Q to $12.50 Dresses At $3.98 Second Floor Wool Challies in dainty figured effects, wool serges and shepherd checks, trimmed with laces, hand embroidery, pipings, fancy silk or satin girdles, collars and bells. All bizes from 2 to 14 years. T O ii O Keg. $8.50 to $12.50 Dresses at f0.j7O Children9 s $1.25 Rompers 69c Department, Second Floor Special Friday sale of Children's Crepe Kompers and Dutch Play Suits. Extra well made onlv White, tan and fancy stripes. JQ Regular $1.25 grades. Special best of materials are used Ages 6 months to ti years Second Floor Special assortment of Muslin Underwear, consisting of gowns, combinations and skirts. These are somewhat soiled and mussed from display, but are not damaged. Lace and embroidery trimmed styles of finest materials. Garments worth up fi? t QQ to $6.50. Special at H Silk Kimonos at 4 Off Second Floor Kimonos and Neg ligee Garments of challie, albatross, French flannel and crepe de chine also included. Beautiful styles, trimmed with laces, ribbons, plait ings, etc. Some have sailor collars of silk or lace. Empire and loose effects, in a great variety of pat terns. Prices range A f-t-from $8.50 np to $40 A Sale of Linen Remnants Domestic Department, Main Floor Closing out hundreds of Remnants and short-length Table Linens and Towelings at special reduced prices. Lengths from H3 to 3 yards. "S. & H." Stamps with cash purchases. Regular 2Qc Linen Huck Towels at 16c 45c Turkish Bath Towels for 38c Large size Turkish Bath Towels, with fancy colored border. Thii grade sells usually at 45c. O Q On special sale today at- $3.50, $6.50 Muslintvear $1.98 $8.50 to $20 Grades at $3.98 Second Floor Princess Slips, Gowns and Skirts. Many of these are French hand-made and are beautifully finished. Some slightly soiled and mussed. Garments sell ing formerly up to $20.00 included in this special, offering. Come early for first choice. jf O QO Special today at ViiO Bon Ton and Mariette Corsets Worth to $12.50 Special for Friday Second Floor Broken lines of Bon Ton and Mme. Mariette Corsets, drastically reduced for quick clean-up. If you can find your size iu one of the various styles vou will find these a rare bargain Fancy broche and coutil. 98 Medium and low-bust models, with best grade hose sup- JJ O porters attached. Corsets selling formerly to $12.50 at $12.50 Gossard Corsets $8.50 Special lot of "Gossard" Front-Lace Corsets, with low jJO bust and long hip. Grades worth to $12.50. Special at vOOu Main Floor Good size Linen Huck Towels. Plain white or with col ored borders. Extra good i Zg 20c grade. Special, only -- Regular 20c Pillow Cases, Friday, 15c 81x9Q Sheets, Extra Heavy, for 65c Main Floor 45x36-inch Pillow Cases of splendid quality muslin. Regular selling price 20c. 1 CZf. On special sale today at - Main Floor Excellent heavy grade muslin. Full size 81x90 inches. On special sale today CZg at the low price of only Women's $3.50, $5 Shoes j Free classes Department, Main Floor These are not broken lines, for there are all sizes and widths in the assortment. Smart, new lasts for street or dress wear. Choice of either button or lace styles, in patent gunmetal, black Russian and mat kid leathers. Strictly high-grade foot wear in every particular. 1?0 QTf Reg. $3.50 to $5.00 grades yjK in Knitting, Crocheting and Em broidery work daily from 1 to 5 P. M. Children's classes every Saturday from 9:30 to 12. Special instruction in making of "Kewpie" Doll Garments. Demonstration of Borax Products, 4th Floor Borax, Boraxo, Borax Chips and all other Borax products, 10 per cent FREE GOODS with purchases during the demonstration. r "Cleveland" Central Needle Sewing Machine Beautiful Golden Oak Finish Special Sale Today at Department, 2d Floor These splen did machines are made by the Stand ard Sewing Machine Company, and are guaranteed tirst-class in every particular. We have only a limited number of them, therefore it's ad visable to come early in the day. Vibrator, Drop-Head styles, with auto matic lift. Complete set of attachments with each machine. Beautiful golden oak finish, with drawers. Remember, these have the "Central Aeedle," allowing the operator to sit straight while at work. Act quickly and secure one of these fine machines 3 25 Bars Soap at $1 10 per cent J?ree Cioods will not be given with this spe cial. Reg. 5c cake 20-mule-team Borax CI if Soap. 25 bars PJ-.UU $21.45 Regular 45c Cretonnes 23c Yd. Bargain Circle, First Floor Wide variety of patterns and colorings suitable for all pur poses. Our regular 45c O line. Special, the yard"' 35o Cretonnes, special, at 17!? 85c Figured Nets, yard, 39J 1 $21.45 Life-Time Guarantee Goes With Every Sewing Machine Sold Demonstration "Wear-Ever" Aluminum Cooking Utensils Third Floor Friday the demonstrator will ex plain to you the many advantages of Wear Ever Sauce Pans. Don 't fail to come. $5.70 Kitchen Set, Special, $3.95 One $4.00 Wear-Ever Tea Kettle, one $1.05 Cov. Berlin Sauce Pan and one 65c Lipped. O Q C Sauce Pan; total val. $5.70. Set pOCJ Entire Stock "Wear-Ever" Utensils Reduced state bridge. The present grade of Mississippi avenue from Lower to Up per Albina is over 9.2 per cent. The cost will be distributed over the Pe ninsula, which the clubs , say will be benefited by this extension. An in vitation is extended to all residents on the Peninsula and In the Lower and Upper Albina districts. Astoria Debate Opponents Named. ASTORIA, Or., Feb. 12. (Special.) City School Superintendent Imel re ceived notice today that the next in terscholastio debate in which the team from the Astoria Hlh School will par ticipate will be with the team from The Dalles school, the champion of the Upper Columbia River district. The date and place have not been fixed. COURT PROTECTS MATE 72 Judge McGinn Gives Divorce to Man Instead of Wife, 58. - Property accumulated by Joseph Keebler as a result of hard labor and careful saving: was protected for him yesterday by Judge McGinn, who granted a decree of divorce to him In the suit brought by his wife, Mrs. Anna Keebler. Mr. Keebler, who Is 72 years old, and Mrs. Keebler, who gave her age as 58, were married In February, 1912. "This man married when he was 70 years old to have a companion In his old age," said Judge McGinn. "I be-1 neve the story he has told and won t allow this wife to have this property, which is but a little, but which he has saved during- a life of hard labor. If his little fortune, which I believe does not amount to more than $12.0C0, had been accumlated by one of the get-rich-quick methods I would find a way to divide it with his wife, who is ask ing for this divorce, but as conditions are I must grant the decree to him." Snuwshoe Trip of CO Miles Made. ASHLAND. Or., Feb. 12. (Special.)-- Mr. and Mrs. J. F. Kimball have Just made the trip from Klamath Falls to Ashland, most of the way on snowshoes. Mr. Kimball is in the employ of the Weyerhaeuser timber interests, his wife being associated with him in tho work, and they have been locating camps in the heavily timbered sections for crews which aije to work under tho auspices of the Government entomo logical bureau in combating forest in sect pests. The distance they covered is more than 60 miles. The trip was a leisurely one, with several stops made at the Spencer and De Carlow lodges and Parker's Station. Mrs. Kimball is a daughter of C. B. Watson, of Ashland, and for four years was Deputy Clerk of Klamath County.