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About The Sunday Oregonian. (Portland, Ore.) 1881-current | View Entire Issue (Dec. 28, 1919)
6 THE SUNDAY OREG ONI AN, PORTLAND, DECEMBER 28. 1019. MERGER OF BANKS RECALLS OLD DUEL LADY ASTOR GETS BOUQUET FOR KINDNESS TO HOSPITAL CHILDREN IN LONDON. TAX LEVY FEARED BY GERMANY I r 1 . I f 1 inristmas is uver i Baron Burr-Hamilton Fight in 1804 Marks History. Erzberger's Plans Opposed by Nation's Financiers. AND NOW IS THE DAY AND HOUR FOR YOU TO GET READY TO BUY THE CLOTHES YOU'RE GOING TO NEED WHETHER YOU BE MAN OR WOMAN RIVAL HOUSES NOW UNITE AMERICA'S AID IS DESIRED i PROPOSED Manhattan Company and Mer chants National In Xcw York In volved in Early History. NEW YORK, Dec. 27. Recollec tions of the political feud which re sulted in the duel between Alexander Hamilton and Aaron Burr at Wee hawken. N. J., in 1S04 have been re vived here by. the merger of the Man hattan company and the Merchants National banks, two of the oldest fi nancial institutions in New York. For more than 115 years the two establishments have dwelt side by side at 40 and 42 Wall street and in 1882 they united in the construction of the new building which they have Occupied jointly ever since. In the nnlon of these once-rival institutions the metropolis loses probably the last tangible trace of the most famous of early American antagonisms. Al though the banks themselves have long since "buried the hatchet," there Was a time when they were neighbors in name only when the mere sugges tion of their getting together would have been dismissed as unthinkable. Burr Once in I.enlxlnture. Burr was elected to the New York legislature in 17D7 when the state and city were controlled by Hamilton as the leader of the federalists. Ham ilton had helped to establish in New York a branch of the Bank of the United States. This was than the only banking institution in New York city. The institution was controlled, so the republicans led by Burr alleged, by the federalists, who were charged with using their financial powers for the furtherance of the federalist cause. The political ambitions of the "little intriguer" at Albany caused him to desire to break through the banking ring which barred all anti-federalist banks from New York and his oppor tunity came in 1799. In that year he introduced a bill in the legislature which authorized the granting of a charter o a company which was os tensibly to be formed for the purpose of improving the water supply of New York city. The city, then with a population of 50,000, had just passed through a severe epidemic and Burr's project quickly met with popular ap proval. The real object of the Man hattan company was to supply repub licans with the sinews of war. Discrimination Waa Charged. Republican mere ts, it was said, were discriminated against by the federalist bank, whereas their feder alist competitors were freely accom modated when they sought funds to carry on their business. The adroitness which Burr em ployed to obtain a charter was em phasized by the fact that the feder alists had a majority in the legisla ture. Hence the omission of the word "bank" from the Manhattan company. The petition for the proposed water works" company stated that as it was not known how much capi tal would be required the projectors did not want to risk failure by a de ficiency of capital and, therefore, asked authority to raise $2,000,000. Inserted in the charter was a provi sion of Burr's that "the surplus capi tal may be employed in any way not inconsistent with the laws of the con stitution of tho United States or of the state of N w York." The senate and house passed the Dill expeditiously, lew members even taking the time to read it, and none except those who were in the secret suspecting its real purpose. I nvor of Leaders Is Won. Burr's manipulation of this affair won him the favor of a few republl can leaders, but cost him his former prestige, the people at that time hav ing a chronic prejudice against banks. Four years later, however. Hamilton, unwilling to yield in the slightest degree to his opponent, or ganized the Merchants' National which opened for business next door to the- Burr institution. The Manhattan company's actual achievement in the water-works field consisted of the sinking of a well 25 feet in diameter in what Is now downtown New York. The water was pumped to a nearhy reservoir and thence distributed through wooden pipes to a. few consumers. The dams and other projects provided In the charter were never constructed. Oc casionally excavators In lower Man hattan have dug up pieces of hol-lowed-out logs, mementos of a gener ation long past. HIE FISHERS PROTEST mtil iii'aaaaaaaaasaaaaWaaaaBwiili - Ws&W $ W.'c, '' ' Photo Copyright by Underwood. Lady Xancj- Awtor, first woman to be elected to the British, parliament. recently distributed toys among- the little patients in the Ormonfl-st reet hoMpttal, London. Photograph shows l.ady Astor reeelviaa; acknon ledgment children. of her kindness from Vera West, one of the sick Emergency Measures, Bankers Say, Will Reduce Industrial For tunes to Alarming Extent. BERLIN. Dec. 27. The spectre of the enormous emergency levy on property which threatens drastically to reduce German industrial fortunes in the next ten years makes It diffi cult for Germans to forecast the economic outlook of their country for 1920. Leaders in financial, political and social circles are divided in their opinions of the measures for national relief proposed by Mathias Erzberger, minister of finance. There is a widespread belief among financiers, bankers and financial writers in Germany, that if two of Erzberger's plans are put into effect, Germany will face a future overcast with black clouds, if not actual ruin. The most . important of these two measures is the emergency levy on property which financial writers as sert will reduce industrial fortunes of 10.000,000 marks to less than 3.000. 000 In a decade. The second measure is the income tax, which, it is claimed by some, will "beggar every modest fortune as well as every great for tune." f Bankers say It all comes down to this, that "America must come to our aid." Small Credit Wanted. They wish a comparatively small, direct credit and disapprove of the much-discussed international loan which, they believe, would saddle the debts of England and Franco on the United States and thereby, perhaps. bouquet In I reduce the amount of credit Germany What the Attorney-General or the Fair Price Committee says regarding lower prices will not make lower prices, but doing a full day's work in the Cotton and Woolen Mills will bring up the pro duction and bring down the prices. Let them try that and then they will get results. I will tell you now, and with all truth: Prices on Suits and Overcoats will be from $10 to $25 higher for the spring season. We have a great stock of Chesterfield Clothes which you can buy for Thirty, Forty, Fifty and Sixty. We want our customers to have these good values. We want you to compare Gray's values with those offered elsewhere. COMPARE GRAY'S COMPARE GRAY'S COMPARE GRAY'S $ CLOSIXG RIVER WOULD BENE FIT NO ONE, THEY SAY. Sporting- Anglers Held Fully Pro tected by Laws Covering Taking of Salmon. GOLD BEACH, Or., Dec. 22. (To the Public.) The sportsmen of the upper Rogue river having announced their intention of taking immediate steps toward the closing of Rogue river to commercial fishing, we, who reside adjacent to the lower Rogue river, and whose livelihood and wel fare depend upon the maintenance of a legitimate commercial enterprise, deem it time to put before the citi zens of the state a few facts regard ing fishing on Rogue river and the efforts of a few who, having unre stricted rights for angling for any of the fish in that stream, seek to de stroy the commercial industry though they are neither engaged therein and have no direct interest in its main tenance, nor cause for its destruction. There are two classes of fishermen on Rogue river. There are the sports men, whose recreation is angling for eteelheads and other trout, which they cannot sell or commercialize. Then there are the commercial fishermen, who seek to utilize the food fish of the river, and who catch only Chinook salmon. The two occupations do not conflict or measurably interfere with each other. The sportsman can catch by an gling in any portion of the river be tween the Pacific ocean and the head waters of the stream steelhead trout over 15 Inches long during the entire year and young steelheads and other trout and flBh fromApril 1 to De cember 1. The commercial fishermen can catch and market only Chinook salmon and silver-side salmon, and these are the only fish they do catch nd market. They are specially re selling the steelhead, and the law is being strictly complied with. The district in which commercial fishing is allowed is restricted from a half mile above the mouth of tho river to the confluence with the Illinois river. also for a few miles below Grants Pass a distance of about 35 miles in river 200 miles in length. The season in which commercial fishing is allowed is restricted from April 15 to November 20, with a closed season of lo days in August and Sep tember, and from each Saturday eve ning until Sunday evening. The law prescribes the size of the mesh of nets used in commercial fishing, and it is of such a large size as to hold only the largest fish, allowing th young salmon trout and steelheads to pass through uninjured. Since Roeue river was rirst settien upon, commercial fishing for salmon has been its main industry it always was and still is the only industry em ploying labor in this section of the county. There has been built up a business in which over a quarter of a million dollars is interested and which annually pays out for fish and labor over $100,000, giving directly or in directly employment for several hun dred people two-thirds of the year. It also utilizes as rood, ana auas io the world's supply, the finest food fish extant, which, were the river closed, would be lost and wasted. Such waa the .case when, for two years, the river was closed to fishing and the mature fish lay dead by the thousands along the upper river and tributaries, a benefit to no one and a nuisance to those living close by. There is no Just reason why Uie sportsmen of upper Rogue river, keeping for themselves the angling privilege in the whole river for one kind of fish, should seek to destroy the commercial . industry by closing the river to fishing for another kind of fish. Nor is there reason in ask ing the legislators and the people of the whole state to aid them in de stroying the means of livelihood on which so many are dependent in this section. This Rogue river flBhlng question has for a generation past been peri odically before the legislature and people of this state. The agitation originated at a time when there was cause for action, but has, from mo tives which are questionable, been kept up beyond the time when the action sought was necessary or Jus tified. There was a time when there was but one cannery on Rogue river, owned and managed by one who ; owned all the adjacent lands, claimed exclusive fishing rights, and enforced his claims so successfully that he dictated who should fish and the price men were to receive for the fish. But times have changed on Rogue river. The courts were appealed to, have declared and affirmed that Rogue river is open to all who desire to fish therein in conformity with the laws of the state. These laws and rulings have been accepted by all concerned as their guide. There are now three canneries which operate on the lower river, and a large number of fishermen are employed here each year. The price for fish has not been dictated and held ridiculously low by the desires of one man. A well-organized fishermen's union, with a membership of over 200, has worked in conjunction with the can neries, and the price of fish has been maintained at a figure satisfactory to all. The present laws of the state regulate commercial fishing on the river, and the state fish and game commission has a representative here every summer who sees that the laws are complied with. These laws do not allow the commercial use of the Bteel head or other game fish, but were framed to allow the game fish un restricted progress up the river, un molested save as victims of the skill of the angler. We, the citizens residing adjacent to lower Rogue river, ask you not- to be deceived by claims that the com mercial fishermen of this river are conducting their business illegally, or destroying the game fish. And we ask you, further, to remem ber that the species of fish caujrht and used commercially are not the species of fish which the sportsmen catch by angling, and which the up per river "sportsmen" would have th people of tho state believe are being destroyed by the commercial Interests. Curry county is away down in a remote corner of the state; . it is sparsely settled, but the people who live there are citizens of the United States. As citizens they claim the right under the constitution to "es tablish Justice, promote the general fare," and entragre in peaceful pur suits and legitimate business, not withstanding tho desires and efforts of the "sportsmen" of Jackson and Josephine counties. Signed: J. MELVILLE, President. D. CUNNIFF. Secretary pro tern. Rogue River local union 19, United Fishermen of the Pacific. 40 $ 50 Relief Member Chosen by Pope. ROME. Dec. 27. Pope Benedict has appointed Monslgnor Wortmann, sec retary of the German Federation of Associations' for charity, as a mem ber of the committee being formed in Geneva to take charge of distribution of relief to poor children, victims of the war in central Europe and other countries. Another Coal Strike Staged. DES MOINES, la.. Dec 27. Diffi culties between Iowa coal operators and miners over interpretations of the wage increase order will be settled by negotiation and will not result In another strike, official said last flight. For prompt and expert plumbing service, phone M. 7255. Adv. might obtain The opinion appears to be gatning in Berlin financial quarters that Erz berger's days are numbered, and that, he cannot long continue to exert his influence on the majority who pay least, and therefore support his financial policy. Berlfh writers declare that Ger many's pblitieal future depends in the last analysis upon the working out of the peace treaty, and that until this document has been consummated in all its technical details, Germany will be unable to locate her fresh starting point. This is regarded here as the crux of the whole situation, and Ger mans expect the situation to remain acute until this has been accom plished. Germany's more nservatlve polit ical leaders frankly admit bolshevtst gains at the next election. They say the reds may capture 60 seats in stead of the 22 which they won a year ago, and that they may poll 5.000.000 instead of 2,750,060 they obtained in the last national election. The con servatives.' however, assert that the independent, sparticlst and commun ist elements will become less popu lar as the opportunities for work in crease in Germany. Political leaders say that Indica tions point to an indefinite postpone ment of the elections on the ground that the present government, on the strength of its popular mandate, is entitled to continue with a pro gramme of socialization at a pace in keeping with the nation's economic recovery. It is pointed out also that the new liberalism may satisfy itself with a life-long president as a substi tute for a constitutional monarchy. Erxberger Plan reared. It is agreed by German industrial leaders that the German -workers are weary of striking, and that the labor situation has been Improved so far as the shortage of coal and raw material permits. The authorities say that German industries are workinjr an average of perhaps four hours dally, and that this is the limit possible with the present under-supply of coal. When the coal situation improves it will be possible, they say, to make a real industrial beginning with raw materials. Germany's recovery and progress during, the next year is felt by Ger mans to depend on. a whole succes sions of "ifs." Many of them believe that if Erzberger drains German In dustries with his taxes, there is little hope of their recovery. The same critics declare that if the entente does not lighten Germany's load a little bit the nation may be driven to com- SUITS and Overcoats with those sold by other stores for $45 and $50. SUITS and Overcoats with those sold by other stores for $55 and $60. 60 SUITS and Overcoats with those sold by other stores for $65 and $70. GRAY'S VALUES WILL TELL R. M. GRAY 366 WASHINGTON STREET AT WEST PARK munlsm. If German industry cannot recover some measure of its former efficiency, they say, the world will be the loser In the end. BRITISH SHIPS TIED UP Labor Tronblo and Truck Shortage Holds TTp Cargoes. WASHINGTON, Dec. 37. England is i confronted with one of the most eriti- cal shipping situations the country has ever known, despite the increase in tho number of ships flying tho British flag, the secretary of the port and transit committee of London to day informed the department of com merce. Labor trouble and the shortage of railway trucks, the report said, are holding up cargo movements and have created uch congestion at the docks that some ships lie in the harbors from seven to eight days before dis charging their cargoes. Price In creases result from he heavy demur rage charges. The shortage of railway trucks is estimated at 300,000. age of 12S years. As a slave and a freed man he served one family through six generations, it was said. Laborer Dies in Firo. SAN FRANCISCO, Dec. 27. Thomas Kellcy, 55, a laborer, led from suf focation and a fireman, Carl Speck- man, was injured, in a fire which de stroyed a rooming bouse on KiKhth street here early Friday. The build ing was reported to have teen con demned some time ago.- Kelley had been trapped In hln room by the flames and when rescued died from Inhaling smoke. S. & H. Green stamps for cash. Holman Fuel Co. Main 353. 560-21. Adv. S Negro ex-Slave Dies, Aged 12S. PARK SBTJRG, W. Va, Dec. 27. William Peyton, a negro, died yei terday at Little Hocking. Ohio, at tl MIRACLE LOVE A Paramount-Artcraft Special SECURE TICKETS IMMEDIATELY To Avoid Disappointment For Madame Lulsa. TETRAZZINI And Her Concert Company WARREN PROCTOR Famous Tenor MAYO WADLER Brilliant Violinist PIETRO CIMARA Pianist and Accompanist AUDITORIUM MONDAY, DEC. 29,8 :30 P.M. "THE SIPREME CONCERT OF THE SEASON" PRICES S2.50, 82, SI .30, $1 Pins 10 War Tax. Exclusive Direction Jules Daiber, New "York Northwestern Tour, Management WESTERN MUSICAL BUREAU Laurence A. Lambert, Gen. Mgr. 287 Washington Street BOX OFFICE NOW OPEN At Sherman. Clay A Co. SPECIAL ANNOUNCEMENT STAGE SEATS NOW BEING SOLD AT S2.0O. A few good seats still left in main body of Auditorium, but early purchasing is advised. Box office open Monday, 9 A. M. to 6 P. M., at Sherman, Clay & Co. ReopenB at Auditorium at 7 P. M. Monday evening. trie Tkni ,kttUtt Btrt mill e Fa The CHENEY Phonograph Nothing you can buy for the same amount of money will provide the limitless enter tainment and prove such a constant inspiration and delight as the Cheney Phonograph. The Cheney's tone is nature's own. It is serene, pure satisfying--like the song of birds. The Cheney is unlike ordinary phonographs. New basic patents under Cheney ownership and control evidence this fact. The Cheney is what you have hoped for in a Talking Machine. If you are going to buy a Talking Machine you owe it to yourself to see and hear the Cheney. It is superior in tone and appearance. Regular Models Priced From $90 to $363 Console Art Models $325 to $600 G. F. Johnson Piano CL 147-149 Sixth Street, Portland, Oregon CHICKERING, MEHLIN, PACKARD, BOND, LINDEMAN PIANOS MW JL in the Cosmopo Taken from the story litan She had married a cad but she loved a really decent chap. Of course the right thing to do was to stick to her marriage vows, but, then the miracle of love happened. KINOGRAMS- -DAILY TOPICS TODAY AND ALL WEEK A. M. to 11 P. M. stricted by law from catching and j I