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About The Sunday Oregonian. (Portland, Ore.) 1881-current | View Entire Issue (Dec. 1, 1907)
4 Till: SUNDAY OltEGONIAX, PORTLAND, DECEMBER 1, 1907. POSTAL BANKS HIS CHIEF TOPIC Meyer Recommends Extension of Postal System in Many Respects. CHEAPER PARCELS POST loney Would Be Drawn From the Hoard by Postal BanksCoun try Merchant Circat Gain er by the Parcels Post. WASHINGTON. Nov. 30. Postmaster-General George von I Meyer rec pmmends the establishment of postal savings banks and the extension and cheapening ot the parcels post, as the main features of his annual report. He earnestly recommends postal savings banks for the following reasons: First In order to encourage amonf our people economy and thrift. Second In order to afford a place or flf-poslt free from any possibility of floubt or suspicion for vast sums of rnonev which mislit otherwise bo (married and kept out of circulation throuph ignorance or la.-k of confl- flPWh'erever It may he. this money has lost its proper functions and the busi ness of the nation not only receives no benefit from it. but even the prospen.y pf the country suffers and may be eventually destroyed. Money deposited In postal savings banks would be ab nolutely safe, as the Government would be back of it. ...... More than T.100.000 immigrants land ed in this country during the past 10 vears, and it has been demonstrated that in the aggregate Immense sums pf money have been hoarded or sent away by these people. In many in ftanres'lt has been found that, for want of postal savings banks, money prders are being bought, payable to the purchaser, good for one year. Money Hoarded by Aliens. During the fiscal year ended June in. 1907, the Postofttce Department aent to European countries alone In the form of money orders $73,111,748.84. Of this sum i I8,98i,519.fil went to Ttaiy (representing 4,i9,795 money or ders, averaging $41.29 each; $16,353, I!1. 66 to Austria-Hungary, $11,582, W28.R4 to Great Britain and $7,250. 53.9 to Russia. This money, while It was accumulating, would naturally have been placed for safety in the pos-' tal savings banks. In fact, it has been brought to my attention that money of the immigrants, on account of its pos sessors being Ignorant of our language and suspicious of our private institu tions, is being sent home In order that It may be placed in the postal savings banks of tnelr native countries. It is believed that this would not be the rase, in many instances, if we had postal savings banks in the United states. ' The total amount of deposits in the savings banks of this country is $3.;,078,4fi. Of this amount, $1,894, J9S.534 I in the State of New York, $1,229,701,214 is In the New England Btates, $694,081,142 being deposited in the State of Massachusetts, $139,174,012 In the State of Pennsylvania, $194,6(18, 858 In the State of Illinois. $185,370, 436 In the State of Iowa and $2S2,.r.08, P56 in California, leaving $294,359,435 In the rest of the United States. From these figures It will be seen that 38 per cent is In New York state, 33 per cent In the New England States, about 19 per cent being in Massachu setts, 4 per cent in Pennsylvania, 5 per cent In Illinois, nearly 4 per cent in Jowa, and only nbout 16 per cent In all the remaining states. It has been computed that in the New England States the postofflce av erages only about 15 miles from the savings banks, the distance In the Mid dle States averages 25 miles, the South ern States 33 miles and the states west of the Rockies 55 mhes. It la believed that postal savings banks would be a great accommodation and an incentive to the great mass of the people who have not the proper facilities near their homes for placing their savings in safe keeping. ' Xo More Clerks Needed. From a study of the system which is working so satisfactorily in Canada It Is believed that practically no addi tional clerk hire is required in the va rious postof flees, the entries being mad by the money-order clerk. That tha postal savings bank business can be handled with safety is best attested by the results in Canada, where in 39 years $4So.txX.000 have hoen received and disbursed, with a loss to the gov ernment of not more than $25,030. The total deposits in postal savings banks there at present aggregate $50,300,000. It Is recommended that the Postmaster-General be given authority to designate all money-order postof flees, and such other postoffices as may be deemed necessary, to receive deposits of money for savings, deposits to be ac cepted In even dollars, with $1 as a minimum; postmasters to be required to receipt for such deposits In the pass books of the depositors and to make daily reports thereof to the Postmaster-General, who will acknowledge re ceipt of the deposits direct to the patrons; money deposited In the postal navings bank not to be liable to de mand, seizure or detention under legal process against the depositor. With drawals may be made at any time sub ject to certain regulations. On deposits made in postal savings banks a rate of interest of 2 per cent per annum is suggested, the deposits to be limited to $500 by any one person; any Individual In the United States 10 years old or more to be permitted to open an account in his own name and deposit to his oredit an amount not in excess of $500. A child under 10 .years of age to have an account opened In his name by a parent or guardian, but withdrawals are not to be made until the chjld attains the age of 10. Deposit In National Banks. That the money deposited in the pos tal savings banks may return to the channels of trade, authority Is asked to place it in the National banks which are Government depositories in the states where the money is deposited in the postoffices. In consultation with a number of presidents of National banks In various parts of the country I have been assured that on special deposits of this character from the Postofflce department they would allow a rate of Interest of 2a per, cent. As the Post offlce Department (Government) is a preferred creditor, it would not demand collateral from the banks In the way of bonds. There would be the safe guard of having the Controller of the Currency report regularly on the stand ing of the banks that are used as de positories and the double liability of the stockholders of the National banks would be an additional assurance of the security of deposits. Thus the principal object of the savings banks will be to encourage habits of economy, not only among our own men and women, as well as children of 10 years of age or over, who live in , places remote from nnv bank, but also to encourage the Torelgn settler to deposit his earnings In this country, because after he has accumulated a few hundred dollars he 'will not be content to receive merely 2 per cent Interest, but will possibly seek to purchawa a borne, and the mo ment he acquires real property here he becomes a more conservative citizen. Is actively interested in the affairs of the Nation, and at the tamo time places himself and his dependents beyond the likelihood of becoming public charges. sould, however, his earnings remain In the postal savings banks the fact that ho has an Interest in the Govern ment and something at stake will tend to make inm a more desirable citizen. Extend Parcels Post. In recommending the extension of the ' parcels post, Mr. Meyer calls attention to the difference in the minimum weight of interior and foreign - parcels. The mini mum in the United States is four pounds, for transportation to . ntna countries 4 pounds ounces, and to 24 countries XL pounds. The postage in allsjut four casea of South American countries is 12 cents per pound. He shows the Inconsistency of the system by saying the postage on a four-pound parcel to New York, would be 64 cents, but on the same parcel passing through New York to a foreign country only 48 cents. He urges a rate of 13 cents a pound to. all postoffices in the United States and its possessions, and a minimum weight of 11 pounds. For packages weigh ing less than one pound he reebnunends a scale ranging from one cent for one ounca to 12 cents for one pound. He continues: Kural Parcels Post. I recommend the establishment of a special parcels post system on rural de livery routes for packages originating on a rural route or at the distributing postofflce for delivery by rural carriers to patrons thereof at a rate of 5 cents for the tirst pound and 2 cents for each additional pound or fractional part of an additional pound up to 11 pounds; for 2 ounces or less, 1 cent; over 2 ounces and up to 4 ounces, 2 cents; over 4 and up to 8 ounces, 3 cents; over 8 and up to 12 ounces, 4 cents; over 13 ounces and up to 1 pound, 6 cents. This will be a great boon to tha farmers who have not the convenience for obtain ing the necessaries of life such aa resi dents in cities en.ioy. A special parcels post on rural routes will facilitate con sumption and thereby Increase the busi ness of the oountry -merchant. Increased trade for the country merchant means In creased orders for those from whom be purchases his supplies. A further fact la that the Increased cancellations will ad vance automatically the salaries of the postmasters of fourth-class ofilces. Tha remaining revenue derived from the par cels post on the rural routes will be clear gain and will go far toward making the rural service in time self-sustaining. Benefits or Kural Delivery, There are' now 3S.266 rural routes, sup plying 75,O0O,OUO people, at a cost this year of $34,900,000. Hu gives figures to show that rural free delivery has contributed largely to reduce the- postal deficit by In creasing receipts, but says: However, its benefits to our people can not be measured in dollars and cents. A more extensive use of the rural routes by extending the parcels post privilege will not only lead to an increased con sumption, but consequent larger trade, due to the facility with whloh the rural patrons may obtain their requirements. It means also a gf-eat saving to the farmer during the planting season and the period of harvesting his crops, as it will enable him to devote himself to his work and procure his small supplies with out loss of time. The retail merchants In cities have found that they increased their trade by delivering goods to their customers. The parcels post on rural routes will enable the local country merchant to deliver goods to his buyers at an average cost of about t cents a pound, or 26 cents for It pounds, while the wholesale mer chant. In order to reaoh these consumers by mail, will be compelled to pay 12 cents a pound, or $1.32 for 11 pounds. Therefore, to gain the benefit of the special rates on rural routes, they would find it necessary to ship by freight to the point of the rural routes, and be obliged to establish many thousands of agencies and depots for handling. Ir Is of Incalculable importance that the coun try merchant should exist and prosper. Another Inevitable result will be the Improvement of the roads due to the In creased transportation over the rural routes. Deficit Steadily Decreases. He shows that tha postal deficit Is steadily decreasing, being $6,653,282 in the fiscal year 1907, against $11,411,779 in 1897. He points out the need of up-to-date business methods, a revised system of bookkeeping, permitting the taking of a trial balance, and a permanent official, corresponding to the superintendent of a mill or the agent of a great consolidated manufacturing corporation, who would hold office continuously through various administrations. His salary should be at least $10,OCO a year, and he would aot aa expert adviser to the head of the depart ment. He recommends the Installation of stamp-vending slot machines in postofflce lobbies, postal stations, hotels, railway stations, news-stands, department stores and drugstores, thus giving all-night serv ice at no extra expense for clerk hire. He asks an appropriation for experiments. Glad to Settle for Cash. He says that it was . discovered that the Hartford Manufacturing Company, which formerly had the contract, for newspaper wrappers and stamina envel opes; had . been supplying paper Inferior to contract provision. The company ad mitted the tifit and the Attorney-General was about to begin suit wBen the com pany sought a compromise. This was made on the basis of $100,000 cf!h paid the Government. He recommends that the Government manufacture these materials. He recommends more liberal terms for carrying mails to South Anl rica, as they now have to be sent via Europe. In order to let- It bo known that the department encourages postal employes to serve in the militia, he has issued orders that leave of absence without pay be granted- in such eases when men are called upon for military duty; I Postmasters and Salaries. Regarding appointments of postmasters he pays: The policy introduced two years ago, and now firmly established, of retaining in office postmasters of Presidential as well as fourth-class offices who are per forming their duties satisfactorily has re sulted in Improving the efficiency of the service. Ho again suggests that -the appointment of postmasters at postoffices of the sec ond and third classes be vested In the Postmaster-General, as Is now the ap pointment of postmasters of the fourth class. The beneficial effects of the increase In postal employes' salaries are declared to be already apparent, the report say ing: The number of resignations on account of inadequate salaries has become much smaller than hitherto, and reports from the Civil Service Commission indicate that the applications for- examination have Increased to such an extent as to furnish practically all the eligibles nec essary to meet the growing requirements of the service. It is recommended that salaries above $1200 a year also be Increased. He states that only $800,000 is appropriat ed for clerk hire at third class offices, while the cost to postmasters is $2.-' 000,000, the postmasters paying the dif ference out of their salaries. He ac cordingly recommends an appropriation of $2,000,000. ' Extension of city delivery to cities having gross receipts from $5000 to $10,000 a year Is recqmmended. He also recommends that all furniture and other equipment be provided at Gov ernment expense. Railway Mail Pay. Mr. Meyer makes an elaborate de fense of .the change In the system of weighing' railway mail, against which many railroads have protested. He says the reduction In railway mail pay made by the last Congress Is 3.30 per cent in three contract sections of the country and 16.06 per cent of the pay for railway postofflce cars for the whole country. For the routes directly affected the reduction is 4.59 per cent for transportation and 17.70 per cent for ears. There has been an increase of 5.47 per cent in number of electric and cable car routes. He further says: There were 14,9T routes in operation on June 30, 1907. with a length of routes of 194.fi58.4a miles and an annual travel of ltiUtfu.iii miles. Thfe annual rate of ex penditure on that date was $7,232,232.43. This was a decrease In the number of routes of 7.08 per cent, in length of routes 5.22 per cent, in annual travel 6.08 per cent and an Increase In the annual rate of expenditure of 1.60 per cent. During the year 1371 star routes were discontinued on account of ex tension of rural free delivery. During the year there were 21 rail way clerks killed and 125 seriously and 662 slightly Injured in railroad ac cidents, an increase of 5 killed and 296 injured over the previous year. - A number of recommendations are made as to pay, vacations and trans portation of railway mail clerks. On the supply of second-class matter he says: Second-Class Rate Abused. I find that the work which the Depart ment is doing in the way of transporting and delivering second-class matter is stupendous, the mailings thereof by pub lishers and news agents (not including the mailings by individuals amounting during the year to 765,405,427 pounds, or approximately SS2.702 tons. Most of this matter Is the product of the publisher who is not abusing the second-class mailing privilege, and who, if he is over-stepping in that regard, is do ing so innocently rather than intention ally. However, there' are unmistakable evidences of a serious abuse of the 1-. cent-a-pound rate by other publishers. These practices put an unwarranted bur den upon the postal , service, thereby greatly curtailing its efficiency and caus. lng an unjustifiable drain upon the reve nues of the Department Money Order Business. Comparing the money-order business of 1907 with the preceding 'fiscal year, Mr. Meyer says: Such a comparison shows an increase of more than 3,500,000 in number and $35,000,000 in amount of domestic orders Issued, and of more than 600,000 in num ber and $21,000,000 In amount of interna tional orders issued. These Increases brought revenue to the extent of more than $400,000 in additional fees. Owing to prevailing advantageous rates, $471,448.56 were gained in purchasing foreign ex change, amounting to J'W.Oi'O.flOO, as com pared with a gain of $176,750.83 on nearly $49,000,000 bought during the preceding year. The paid and free registered letters and parcels aggregated 38,255,649, an In crease of 4,090,lfi5. The rate of loss of domestic registered mail, based upon the number of cases In vestigated in which ycovery was im possible and excluding those in which no finanolal loss occurred, was 1 for each 82,262 pieces. The previous year the rate was 1 for every 23,987 pieces. -There were received in the Division of Dead letters during the year 13.005,255 letters and parcels, an Increase over the receipts for the preceding year of 1,341, 878 pieces of mail matter. Of the number received, 5.225,793 letters and parcels were delivered to owners, or 1,612,465 pieces more than were thus dis posed of In 19(6-6. ARRAIGNED BY ATTOKEYS MRS. BRADLEY COMAPSES Tjjf. DER THE STRAIN. Idea of Insanity Ridiculed, as Well as Expert Testimony-raso Con tinued on Monday. WASHINGTON, Nov. 30. Passionate oratory marked, the proceedings today in the trial of Mrs. Annie M. Bradley, charged with the shooting and killing of ex-Senator Arthur Brown, of Utah,, in this city last December. Assistant District Attorney Turner opened for the Government, and he was followed by Mr. Wells, of counsel for the defense. Mr. Turner proceeded In a matter-of, fact way to define the law -In relation to the crime committed and cloved with a review of the salient incidents of the testimony. While he was describing the scene of the killing of Brown, an attendant de livered to the District Attftrney a pack age containing the pistol which had been used by Mrs. Bradley. Aa the weapon was uncovered and laid in ' a conspicu ous place near the speaker, Mrs. Brad ley lowered her head and her frame was shaken by a convulsive sob. Closing her eyes, she remained as if In a stupor, only occasionally looking towards the jury and watching their faces. , Mr. Turner strongly appealed to the emotions of the jury. He said Mrs. Brown was an outraged woman and that Clarence Bradley was not a. very bad husband, and Mrs. Bradley should not have been unhappy with him. The case, he said, was worse than a scan dal and a stench. It was a pretty dan gerous woman that thinks a man who Is not her husband more sacred than does his wife. He did not care whether she was brilliant or not. "When we take God's law into our own hands," he said, "we become dangerous crea tures." He ridiculed the idea that the defendant had sepsis. "Sepsis," he said, "sets the blood boiling, and sets the pulse beating. Why, even a horse doctor could have told If she had sepsis." He continued to ridicule the testimony that she suf fered from toxic Insanity. He referred to the testimony of Dr. Evans, who declared Mrs. Bradley was insane, and asked the jury whether he Impressed them as a doctor or as a stump speak er. " . Mr. Turner concluded shortly after 12 o'clock, and was at once followed by Robert Wells, of the defense. "When she shot Arthur Brown, she shot the thing she loved,"- declared the attorney In tragic tones, "and she still loves him today." Mr. Wells closed his address with quo tations from Hawthorne's "Scarlet Let ter," and declared that Arthur Brown himself was as much responsible for that fatal shot as was Annie Bradley, because it was he who had caused to be planted within her the fatal disease that resulted in the shooting. "Whatsoever a man soweth, that shall he also reap," quoted the attorney as he took his seat. The court than took a recess until Mon day morning. Mrs. Bradley collapsed under the strain under which she bad suffered since her trial began and when she reached her room In the lower corridor of the court house at the end of the session today it was necessary for attendants . to ad minister restoratives. Soon she was able to return to the jail. Decries Central National Bank. NEW YORK, Nov. 30. Andrew Car negie received a letter from Lord Ave bury, president of the Central Associa tion of Banks, correcting some misap prehensions concerning the disposition as to the establishment of a central Na tional bank In the United States. Lord Avebury says he Is not in favor of such a central institution and would be sorry to see one established in the United States. Mr. Carnegie agrees with Lord Avebury and adds: "All we need is elasticity In the cur rency, acquired by all, owing to the is suing of credit notes on assets to one fourth their value, charging banks on such Issues a high rate of interest." Reduce Melville's Sentence. HELENA. Mont., Not. 30. Holding that the punishment imposed' by the jury when it found George Melville gtulty of second degree murde for the killing of Winfield Guthrie near here last July to be excessive. District Judge Clements to day reduced the penalty from 50 to 20 years in the state penitentiary. The court cited a number of recent cases where much lighter sentences bad been imposed and added that Melville had been made a scapegoat among the lot. BONDS 11 DEMAND New Panama Canal Issue Is Oversubscribed. PRICE HIGHER THAN EVER O Over 3000 Bids Received by Cortel you and Allotment Will Be Made 3Ionday One Bank Wants $3,000,000. WASHINGTON, Nov. 30. The opening of the bids tor the issue of $50,000,000 of Panama Canal bonds, which was begun at 4:30 o'clock this afternoon, was not concluded until nearly 10 o'clock, when Secretary Cortelyou made the following announcement! "The bids for the $50,000,000 of Panama Canal bonds invited by the Secretary's cir cular of November 18, were opened this evening in the Treasury Department. There were more than 3000 bids and the loan was many times qversubscribed. No complete tabulation has been possible yet, but it can be stated that the average price Is well abqye the present market price of the bonds. Owing to the large number of bids to be considered, it will be imprac ticable to make an allotment Immediately, but the Secretary will be prepared, to give further information on Monday.' further information on Monday." Further than this the Secretary was not prepared to make any statement. Asked as to just what he meant in his1 statement by "the present market price of the bonds,"- the Secretary asked to be excused from being more explicit, but others familiar with the present market pfrice of the other Panama bond issue in terpret his words to mean that the suc cessful price of the-present issue will be considerably in excess of 102 and possibly above 103. Among the bidders was the National City Bank of New York, which submitted a number of bids aggregating $5,000,000 at prices ranging from 10H& to 103. It is also understood that the First National Bank of Chicago bid for a large amount of the bonds at something in excess of 101. : Under the Secretary's circular of No vember 18 these bonds will bear Interest at the rate of 2 per cent per unmim, pay able quarterly on the tirst days of No vember, February, May and August. They will be redeemable in United States gold coin at the pleasure of the United States on and after August 1, 1916, and will be payable August 1, 1936. The Secretary re serves the right to permit bidders offer ing the highest prices to Increase the amount of their purchases. BAXK RESERVE IS . GROWING New York Statement Shows Condi tion Is Improving. NEW YORK, Nov. 30. The statement of the clearing-house banks for the week (five days) shows that the banks hold $52,989,425 less than the requirements of the" 25 per cent reserve rule. This -is an increase of $1,114,175 In the proportionate cash reserve, as compared with last week. The statement follows: T-oans, $1,198,078,500; Increase, $10,080,100. Deposits, $1,083,283,300; Increase, $3,446, 5C. Circulation. $62,129,800; increase, $2,862,400. Legal tenders, $47,276,800; Increase, $224,- Specie, $170,554,600; increase, $1,775,500. Reserve, $217,831,400; Increase, $1,980,300. Reserve required, $270,820,825; increase, $868, m Deficit, $52,949,425; decrease, $1,114,175. Ex-IT. S. deposits, $35,060,500; decrease, $1,925,750. The Financier will say tomorrow: "The statement of the associated banks of New York City for the wee't ended No vember 30 was about as favorable as had been antictnated, although the reserve deficit was reduoed by more than $1,000,000, the present deficit standing at slightly less than $63.000,000, , compared with $54, 000,000 for the previous week. Taking out the jjublie deposits of $81,715,700, against which a reserve is not legally necessary, although the clearing-house banks carry one, the banks are short $35,060,500 of hav ing a 25 per cent reserve against ordinary deposits. In other words, their reserve, excluding Government deposits, is now- 21.5 per cent, a deficit of only 3"4 per cent below tha legal 25 per cent, which under the circumstances must be pronounced satisfactory, particularly If it be remem bered that within the past few we,eks the banks of this city have shipped more than $80,000,000 of cash to the interior. "The feature of the statement which excited unfavorable fcomraent was the in crease of $10,000,000 In loans, but it la quite likely that this expansion was due to the bond and Treasury note subscrip tions by the banks, the latter sometimes carrying euch items as loans to the Gov ernment. The gain lu cash of approxi mately $2,000,000 was less than anticipated and the averages do not fully reflect the week's recuperation In this particular. "It is worthy of remark that Govern ment deposits in the New York banks rose $3,250,000, which coincides with the Increase of $3,464,500 In all classes of de M ental Laziness is even more fatal to success in life than the physical kind. And Coffee by its dulling after-effects, is a far-reaching cause of this and other troubles. The easiest way out of the "haze" is to quit coffee and drink ' N Take pains to make it then its flavor is fane and all the food value brought out. A test will prove. There's a posits. To put the matter in another way, the increase in deposits last week was due almost entirely to Government transactions, ordinary deposits standing stationary. The banks are Increasing their, circulation regularly, the expansion for the week just ended having amounted to $2,862,400. Since October 19 ihe Increase in circulation by the banks of this city has been $10,500,000. The statement was computed on five daya' business, owing to the intervening holiday. "One feature which the statement seems to reveal is that the banks have made their worst exhibit and from now on there will be more or less rapid recovery." PLEA FOR DOUBLE STANDARD Isaac N. Stevens Says There Is Not Enough Gold fop World's Needs. CHICAGO, Nov. 30. Isaac. JJ- Stevens, who was chairman of the executive committee of the National Silver Party in the campaign of 1S96, said in an in terview today: "There is not baslo money enough In the world to do the business of the world. The United States is not the only country suffering from a shortage of money. The German banks have begun to enforce the 60-day notice for tha withdrawal of funds, and France, England and other prosperous coun tries are suffering from a lack of money. The gold does not furnish a sufficient basis for the enormous devel opment that is taking place all over the world and for tha colossal business interests of the day. There has never been greater need for world-wide i metallsm than during the past five years, and if civilisation is to eonttnue its rapid stride, both gold and silver are an absolute necessity v as baslo money. Thto is the time for the Con gress of the United States to inaugu rate a universal movement for bimetal Ism, "Congress should take action look ing to the guaranteeing fund ofhe depositors, so as to bring gold out of hiding. The Government should either go into the banking business outright, or have nothing whatever to do with It, If the National banks were all out and out- Government banks, there would be no trouble about the people keeping their funds In such banks. "Either individualism mw( be given the utmost latitude, or else the Govern ment must go wholly Into those lines of business where Its control seems Im, perative." ROOSEVELT NOT RESPONSIBLE Dawes Saya Neither Did Speculators Cause Money Stringency. ST, LjOUJS. Nov. SO. Charles Q. Dawes, of Chicago, ex-Comptroller of the Currency, was the guest of honor tonight at a regular dinner of the St. Louis Commercial Club .and made a speech concerning "The Present Finan cial Situation. Its Causes and Lessons." He declared that President Roosevelt is not responsible for the recent finan cial stringency, despite opinions held by critics of the President, and as serted that neither could the respon sibility for the monetary crisis be as signed to any particular group of spec ulators in Wall street- He said the stringency resulted from too great a disproportion between the cash In which debts are redeemable and the debts themselves. SANCTION FOR FIAT MONEY Piatt to Introduce Bill for National Incorporation Clearing-House. NEW YORK, Nov. SO. It Is announced that shortly after Congress opens next week Senator Piatt will Introduce in the Senate a bill providing, for the national Incorporation of clearing-houses. The bill Is similar to those which failed of passage in 1896 and 1893. It will provide that one clearing-house in each state shall have the power to issue currency to its members and shall maintain a re serve equal to that required of National banks.- The passage of this bill. It is said, will give Congressional sanction to the plan of issuing clearing-house certifi cates, which has been in operation since the recent finanolal stringency began. Name Receivers for Closed Banks. ALBANY. N- Y., Nov. $0.-Justlce Betts, In the Supreme Court, today fixed upon December 13 as the date of the hearing for making permanent receiverships for three trust companies and three hanks in Greater New York which closed their doors at the -beginning of the financial stringency. The temporary receivers were appointed November 16, on application of tha Attorney-General. DAILY MKTEOROLOGICAL REPORT, PORTLAND, Nov. SO. Maximum tem perature. 50 degree; minimum temperature, 41 4c (trees. River reading at 6 A. M.. 6.3 feet; change in last 34 hours. 0.8 feet lower. Total rainfall, 6 P. M, to e P. M., none; to. tal rainfall since September 1, B.17 laches; normal rainfall since September 1, 12.00 Inches; deficiency, 2.83 inches. Total sun shine November' 29, 0 hours. 24 minutes; possible em n shine November 20, 8 hours, 59 minutes. Barometer (reduced to sea level) at 6 P. M,, 30.20 inches. WEATHER CONDITIONS. The distribution of pressure continues tha aama as yesterday with a large high-pressure area over tha central Rocky Mountain statea, and the barometer relatively low over Western British Columbia. No rain hae fallen during right boil it 15 minutes, is Reason" ( i : - i ai - t KM iiirfrfcaViiifi'' Stores Everywhere - tsa.tta tbe last 12 hours, except a small amount In extreme Northwestern Washington. It Is much cooler in EasUrn 'Washington and Northern . Idaho and ctrreepondinsly warmer In Central Montana. Elsewhere on tha Pa clfto tilopa the tempeiature ha remained pearly stationary. ' The Indications are for fair weather In this district . Kunday, except in Western Wash ington, whore light rain is probable. PACIFIC COAST WEATHER. Observations taken at fi F, M. Pacific time. g. Pi S i STATIONS. a 3 Baker City ,,,,, Bismarck Boise Eureka Helena North Head Pocatello. ......... Portland ... M .... . Bed Blurt. Roeebure; Bacramenttt. ....... Salt Ike San Francisco...,. Spokane Seattle Tatooah Island.... Walla Walla o.oo! 4iS 4NW 6KE Clear Clear T o.oo tloudy O.OO! Clear (Clear 0.00 T ilO'SK Xloudy ISOiO.OO 4IXW Clear 9;O.U0t liNW 110.00 4lNW luuuy pt. crar Pt. Cl'dy Pt. Cl'dy Clear Pt. Cl'dy Fogs Cloudy '04'0.00 (IN MIS'O.OO 4INB Iti'iiO.OOl 4 NW 42 0.001 1 NO )m t i 419 6(l!0.2S;i2:SW I44I0.00! S Cloudy Pt. Cl oy FORECASTS. , Portland and vicinity Fair; southerly winded Western Oregon Fair, except light rain near north eoast; southerly w-inda. Western Washington Rain; southeasterly winds. Eastorn Oregon and Southern Idaho Fair. Eastern Washington and Northern Idaho Cloudy and threatening with possibly snow flurries. EDWARD A. BEAI.S. DiMriet Forecaster. Grand Central Station Tiois Card . 1 i .I it SOUTHERN PACIFIC. Leaving Portlaad Roseburg Passenger ........ 8:15a.m. Cottage Grove Passenger........ 4:10 p.m. Callforala Express ........ 7:4(1 p. m. Sao F-raaclsoa Bxpraaa. .... i - 11 ;8Q p. m. West Side Corvallle Passenger T:O0 a. m. Sheridan Passenger 4:10p.m. Forest Grove Passer ger. 11:00 a.m. Forest Qrove Passengar. ...... . 5:40 p.m. Axrlvlng Portlaud Oregon xpress T:I3 a. ra. Cottage Grove Passenger. ........ 11 :30 a. m. Roseburg Passenger ., 6:30p.m. Portland Express ,11:00 p.m. West Elite Cervallls Passenger 6:8B p. n. Sheridan Passenger ......10:80 a.m. Forest Qrove Passenger.. B:eOa.m. Forest Qrvrs Passenger 2:60 p. m. NORTHERN PACIFIC. KjenvtngT Portland Taooma and fieattle Bxpraaa..... 8:80a.m. North Coast & Chicago Umlted.. 3:00 p.m. Puget 6ound Limited........... 4:30p.m. Overland Express .,,.,. ,. . 11:43 p. m. Arriving Portland. . North Coast Limited. ........ 7:00 a m- Portland Kxpress 4:18 p. "m. Overland Express 8:15 p.m. Puget Bound Limited 10:55 p. m. OREGON RAILROAD NAVIGATION w3. Leaving Partland Pendleton Fasseutfer ........... T:13 a m. Cblcago.Fortland Special 8:80 a.m. 6pokane Flyer 7 :0O p. ux, Kansas City A Chicago Bxpraaa.. 7:40 p.m. Arriving Portland Bpokaae Flyer ,. 8:00 a.m. Chi.. Kan. City d Portland Ex. , 9:45 a. m. Chicago-Portland Special 8:20 p.m. Pendleton Passenger-.... 5:15p.m. ASTORIA 4 COLUMBIA RIVER. Leaving Portlaud Astoria 4k Seaside Express....... 8:00 4. m. Astoria A Seaside i&xpreea. . . 0:00 p.m. Arrlvlng Portland Astoria A Portland Passenger. . 12:15 p. m. Pdrtland Express 10:00 p. m. Jefferson-Street Station SOPTHIKN PACLF1C. Leaving Portland- ' ' " Callaa P&saener T:40 a. m. Dallas Passeneer ...,,.., :& p. Sh Arriving Portland Dallas Pauenger ,e. 10:10 a. rrw Dallas Passenger 5:50 p. m. CANADIAN PACIFIC RAILWAY CO. Leaving- Portland I C, P. R. Short Line, via Spokane. 7:00 p. m. Via Seattle. Victoria 4 Vancouver 4:80 p. m. Via Sumas .111:45 p. m. Arriving Portland I C. P. R. Ehort Line, via Spokane. 8:00 a. m. Via Vancouver, Victoria A Seattle 4:15 p. ra Via Bumas- and Seattle 110:55 p. m. MEETING NOTICES. L. O. T. M. Queen Elizabeth Hive, No. 24. will hold its bazaar Tuesday. Decem ber 3. corner E. Alder and Grand avenue. Will serve lunch at noon. New England dinner from 5 to 8. Dinner 25 eenta All invited. L. O. L., NO. 78. Meets at I. O. O. F. Hall, lat and Alder, flrst Tuesday of every month. All members please attend on ac count of election of officers for the ensuing year. All visiting members welcome. By order W M. ASTRA CIRCLE will give v. whist party Thursday evening. December 5, W. O. W. Hall, Eleventh and Alder streets. Refresh ments, prizes and dancing. Admission 15 cents. ROTAL CIRCL11, W. O. W.. will give a military whist and dance at Woodmen Tem ple, Eleventh st.. Wednesday, December 4. Everybody welcome: admission 16e; refresh ments. PORTLAND ASSKMBLT, NO. 25. LIN COLN ANNUITY UNION All members are requested to attend the funeral services of Neighbor A. V. Edwards, at Flnley's chapel. Sunday, a o'clock P. M. Interment Rlvervlew Cemetery. PA1TDT D A IPIH . . . ., v.nnnn. DENT ORDER FORESTERS Regular meet ing 8 P. M.. Monday. December 2, SeUing Hirsch building-. Annual election. Visiting brethren welcome. WM. ADAMS. R. S. i M'llfi Fritzi I M'lle Fritzi Scfieff Who Appears in the Popu lar Opera, "M'lle Modiste" At the Eeilis Theater, December 9 to 12, EXCLUSIVELY USES THE WEBER PI A NO "THE PIANO OF THE OPERA" V Represented throughout the Pacific Northwest Only by S I .;oe 853 Washington St., Corner of Park. California to Alaska. CLASSIFIED AD. RATES (FOB CASH ADVERTISING.) Following rates will be gives only whea advertlslnc Is ordered to run 'consecutive days. Daily and Sunday Issuea. The Ore. gonian diargee flrst-tune rate each Insertion lor classified advertising that la not run on coaaecutlva days. The nst-tlma rata Is charged for each, insertion In Tha Weakly Qregoniaa. "Rooms," "Rooms and Board." "House keeping Rooms," "Situations Wanted." IS words or less, 15 eentes 16 to 28 words, 80 cents; si to 88 words, X5 cents, etc. Na discount for additional Insertions. Matrimonial and clairvoyant ads, one-time rate each Insertion. UNDER ALL OTHJER HEADS, except "New Today, 'I 80 eenta for 15 words or least 16 to 10 words, 40 cents; 21 to 25 words, 50 cents, etc Orst insertion. Kach additional Insertion, one-half;1 no further discount un der one month. "NEW TODAY," (gauge measure agate), 14 eenta per Una, Brat Insertions 7 cents per line for each additional Insertion. ANSWERS TO ADVERTISEMENTS, ad dressed care The Orcgonian, and left at this office, should always be Inclosed In sealed envelope. No stamp la required on auco letters. TELEPHONE ADVERTISEMENTS For the convenience of patrons. The Oregonlaa will accept advertisements for publication In classified columns over the telephone. Bills for such advertising will be mailed imme diately and payment la expected promptly. Care will be taken to prevent errors, but The Oregonlan will ' not be responsible fur errors In advertisements taken over the telephone. Telephone: Main 7U0i A 1670. FUNERAL NOTICES. EDWARDS At Archer Place, November 21. Albion V. Edwards, aged 55 years, 2 months. Funeral services at Finloy's rhapui, 3d and Madison fits., Kunday at 2 P. M. Friends invited. Interment at Rlvervlew. QUINN In this city. November 10. Vir ginia P. Qulnn. aKed 40 yeura. Funeral services will be held tnday (Sunday). Oc tober 1. at U P. M., from Erlcson's chapel, 40S) Alder St. Friends Invited. Interment B bt. Mary's Cemetery. WILLIAMS Charles Joseph. Infant son ot Mr, and Mrs. J. I. Williams, grandson of Mr. and Mrs. Alexander Keegan, aged 4 months, t'2 days. Funeral from parents residence, 815 liaight ave.. at 2:30 today. KNAPP The funeral services of Waltor Knapp will bo held at the family resi dence. 5S East 21st St.. at 2 P. M. to day (Sunday. Friends invited. ' lntor ment Lone Fir Cemew-iy. J. P. FIN LET SON. Funeral Directors, Third and Madison. Phone Main 8. A 1589. Dunning, MrKntce A Ollbaugn, Funeral Di rectors, 1th at fine. Phone M. 4au. Laoy asst. ERICSOK t'NDERTAKINO CO., 409 Aldal st. Lady assistant, phone Mala 6138. EDWARD HOLM A. V CO., iunrral Diroet. . 820 d st. Lady assistant. Phone M. Su?. ZELLER-BVKNK8 CO.. Funeral Direct ors, 818 Russell. East 1068. Lady assistant, F. 8. DUNNING, Undertaxer. 414 Eaatt Alder. Lady assistant. Phone East 68. NEW TODAY. Will Locate You On TIMBER CLAIMS Location Fee $35.00 Guarantee 4 to 7 Millions NO RIGHTS REQUIRED. CALL AND INVESTIGATE. MILLER, 66 SIXTH ST. Partis!), Watkins S Co. City Seal Estate . For Sale Real Estate, Rental, (nan and . Fire Insurance Agents. . 250 Alder at. Phone, Main 1644. OFFICES A few large outside office rooms in the La Fayette building, corner Sixth and Washington sts., are now for rent at very reasonable figures, including steam heat, electric light and janitor service. WAKEFIELD, FRIES 6 CO. 229 Stark Street. SUITS TO ORDER $17.50 Equal to any $23.00 Salt. We guarantee a fit. i'nlon Tailoring Co., 192 H Sd St.