EDITION
(tais
SATURDAY
Zf fyfyfy frM
MEMBER OP ASSOCIATE!) PRESS
VOL II.
THE COOS BAY TIMES, SATURDAY, NOVEMBER 16, 1907.
No. 115.
NTERESTIN6
TALIG HEARD
Strangers Spoke at the Cham
ber of Commerce Meeting
i Last Night.
INFLUENCE IS WIDESPREAD
Mr. Sheldon Says Mnnshfleld Organl-
zation's Work Is Noticeable on
the Outside.
The chamber of commerce met last
evening with Vice-President Ira S.
Smith in the chair and Secretary
Lyon in charge of the records. It
had been announced that Mr. Frank
Hocppner, formerly of Butte, would
speak, but for some reason the speak
er did not show up. The secretary
read the minutes of the last meeting
which were duly approved and tho
chairman thereupon called for re
ports from standing committees ap
pointed to act with tho committeo of
the North Bend chamber of com
merce to arrange for the opening of
Front street through to North Bend.
This committeo is composed of
Messrs. Lockhart, Sengstacken and
Bennett, but as none of them was
present no report was made.
Mr. Fred Lockley being present
was called on to speak. Mr. Lockley
represents the Pacific Monthly of
Portland and is a writer of consider
able note. He spoke very enthusi
astically in regard to the Impression
which the bay had made on him. He
was surprised at what he saw and
although he had heard much about
what the Coos Bay district contained
ho was not prepared for all that he
had seen. He expected to remain
in the locality for sorite timo and
study the situation with a view of
getting material for an article. He
noted three great principal resources.
First of these ho would mention the
dairy resources which could not bo
excelled in tho wide world. Tho
second he would mention was timber,
which must bo regarded as invalu
able and remarkably extensive. Tho
3rd was coal which would contribute
to the development of tho manu
facturers which wcro already giving
evidence of expansion on Coos Bay.
But above all these things was the
harbor which warranted the estab
lishment of a great city. Seldom did
a great city unite at Its very doors so
many great advantages. The peoplo
ah through the east were anxious to
move to the Pacific coast and there
was no question that Coos Bay would
become one of the important coast
cities.
Tho chairman called on Mr. Shel
don, of Portland, who was present,
to speak. Mr. Sheldon was much
pleased with the work of the chamber
oi commerce. Ho believed that few
oi tho members appreciated tho wldo
influence the body was exerting. The
fame of Coos Bay had gone far be
cause of the work which tho cham
ber had done. The local Interests
had been improved and energized by
tho chamber. He had presumably
attended many stato exhibitions and
he felt that he had been responsible
for interesting many people to como
down to Coos Bay. He always con
sidered that when he directed a
home-seeker to this locality ho was
entitled to his gratitude. Ho had
visited Coos Bay often In tho past
ten years and could not but realize
the great growth tho cities were
making and tho greater growth they
were, sure to make In the future. The
timber resources were onfy a short
time ago regarded as practically val
ueless; now they were deemed very
valuable and in fact were so. Ho
believed that In , a few years there
would be no bay or inlet on the Pa
cific coast on which a city of no
small Importance would not exist. It
was so In England. It was so In New
England. It was so on every civilized
coast. He believed that Coos Bay
had a great future.
Mr. Lyon called attention to tho
fact that tho matter of harbor Im
provements had been referred, by
tho authorities of the military board
having such matters in charge, and
question that on their report depend
ed tho question as to whether Coos
Bay would receive an appropriation
for tho purpose ot reducing the bar
at its mouth so as to got fprty feet
SAYS NOTHING OF AVRECK
Stockton, Nov. 15. Dr. P.
A. McCaun received a letter and
postal card from his nephew
Burton Kelly this morning.
Kelly was reported as having
been shipwrecked and killed
while on the way to Port Town-
send on the schooner Glen.
Kelly wrote under date of Nov.
9 and said nothing about hav
ing been shipwrecked.
of water. It was understood that
the report was favorable but that
could not bo certainly told until It
was submitted with recommend
atlons. Judge Sehlbrede moved that
tho chair appoint a committee of 3
to submit any Information to the
military board In question which was
deemed likely to assist to bringing
the merits of the harbor to their at
tention and also to make such rec
ommendations to tho chamber in re
gard thereto as might seem proper.
The motion prevailed and the chair
man appointed Dr. Tower, and
Messrs. Lyon and Small to act as
the committee.
Mr. Kirkpatrick, of the geodetic
survey was present and was called
on to speak. ' Ho gave a very In
structive and interesting statement
of the nature of his work, explaining
tho word geodetic and the purpose
of tho survey. Geodetic, he said,
was a word signifying that which
pertains to tho system of determining
by measurements tho figures and
areas of largo bodies of tho earth's
surface, or tho general figure and
dimensions of the earth, or that
branch of surveying in which the cur
vature of the, earth is taken into ac
count, as in surveys of long lines of
coast. His party were also taking
soundings of the bays, rivers and
Inlets and a map was being prepared.
Ho was surprised at what he saw of
Coos Bay and fully believed there
was likely to be a great city grow
up on so excellent a harbor.
REPUDIATE ATTEMPT
AT DEMONSTRATION
A committee of representative la
boring men called at tho Times office
yesterday and requested a statement
to bo made through these columns to
the effect that organized labor was
not cognizant of tho attempted dem
onstration against the Hindus which
was started on Front tstreet Thursday
evening. This committeo also stated
that the organizations do not coun
tenance such action and repudiate
any connection with it.
The Hindus did not depart yester
day as expected, owing to tho fact
that they were unable to obtain pas
sago for tho entire party across the
country to the railroad. It Is their
intention, therefore, to depart as
they first Intended, on tho Plant, for
San Francisco. They will therefore
be here until Sunday. They spent a
part of yesterday afternoon In visit
ing tho public schools, where they
told something of the school systems
in India. They also dropped Into ono
of tho local piano houses and amused
themselves with an organ. Ono of
the party can play an Instrument,
and ho furnished tho hearers with
music as played In the Far East.
Thera was no excitement yesterday
over their presence, and there should
bo none, slnco their intentions arp
well known and will likely bo carried
out- ' 'qiiifffiffrg
"Will Prosecute Standard.
St, Louis, Nov. 15. An order of
appointmont of Thomas K. Skinner
as special examiner in tho Govern
ment's ouster case against tho Stand
ard Oil Company made by the United
States Circuit Court of Appeals in
St. Paul Wednesday was received by
tho clerk of tho court here today.
Skinner is to take evidence in ten
subdivisions of the bill against tho
Standard concerning railroad rates.
$10 Per Share Dividends.
Now York, Nov. 15. Directors of
tho Standard OH Company today de
clared a quarterly dividend of $1Q
per share. This Is the same as for
tho corresponding period last year.
Ordinarily, payments for this quarter
are made December 1G, hut payment
will bo made this timo November 26,
because of the present financial con
ditions. Loading nt North Bend.
Tho schooner Hugh Hogan was
brought down this week with, a par
tial load of lumber, She came In tow
of tho tug Roscoe, and is loading tho
remainder of her cargo at North
Bend.
HR FFFI IE
III PORTLAND
Members
Believes
of Clearing House
Fright Will Soon Be
Dissipated.
ONE PAID OUT $1,500,000
Merchants National Will Rc-opcn
Will Re-organize nnd Increase
Capital.
(Telegram.)
At a meeting of tho Clearing
Houso Association last evening It
waso decided to issue a statement
assuring the public that the banks in
tho association are in good shape,
and that there Is no danger or even
tho remotest possibility of further
suspensions or failures. On second
consideration, the members conclud
ed not to issue the statement, but
instead of words to let their actions
tell, on the theory that actions speak
louder than words.
It also developed today that tho
Merchants' National, which suspend
ed yesterday, was never in bettor
shape than when the financial trouble
came. Had the bank not been in
such prosperous condition it could
never have withstood the terifflc
hammering It was receiving from de
positors. The Merchants' National
stood the attack as long as there was
a shot in the locker. The bank will
reopen as soon as possible, with a
larger capitalization.
Bank Examiner Is Hero
Claude Gatch, National bank ex
aminer, arrived In Portland this
morning and immediately took
charge of tho institution from the
controller of currency. In Mr.
Gatch's position it Is impossible for
him to make any statements re
garding what ho will do or what will
be done with the bank.
Who is responsible for tho rumors
which were circulated that tho Mer
chants' National was weak and about
to close has not been discovered.
Ralph W. Hoyt says the bank has
been unable to trace tho malicious
rumor to its source, although an ef
fort has been made. Tho reports
spread steadily and constantly, how
ever, and every one who had an ac
count in the Merchants National
heard that the bank was shaky and
that they should pull out their de
posits. Because of this report, the
bank liquidated more than $100,000
a day during the past two weeks, the
total amount liquidated reaching
$1,500,000. Had the bank not been
so well prepared, It could not have
withstood tho hammering it received
from all sides. Swapping checks
was one means by which the balances
were run up against the Merchants
National in the clearing house. One
man, when he could receive from
tho bank only the usual pocket
money which other banks are dis
tributing on checks, went to several
friends and by means of check
swapping reduced his balance of $11-
000 to nothing. This Is only one in
stance of how tho bank was persist
ently milked of Its resources until
the end.
Confidence Restored.
Now that tho Merchants' National
has suspended there Is a feeling of
relief on tho part of the public and
tho other banks. The explanation Is
simple: Tho rumor was out that
tho Merchants' National was going
to tho wall, and no matter how long
tho bank stood out and no matter
how many millions it paid tho de
positors, tho unthinking public filled
with the malicious rumor, would not
bo satisfied until the doors closed.
When tho Merchants' National had
to suspend, the public was satisfied,
for their fears, at first groundless,
but given foundation by their own
timidity In withdrawing support,
were realized. Tho Merchants was
the only bank which was tho victim
of the rumor, and confidence In the
surviving banks has been secured,
As long as tho Merchants' National
stood by Its guns, tho run continued.
Other houses know that there was
no hope unless tho rumors were
stopped, but there was no way of
preventing further circulation. Bank
ers express admiration for tho way in
which the Merchants' National took
Us medicine, without turning on Its
THE WEATHER OUTLOOK.
Western Oregon, Western
Washington Fair.
Eastern Oregon, Eastern
Washington and Idaho Fair,
followed by cloudy and threat-
enlng weather.
debtors and forcing tho latter to
make good on demand notes. Ex
cept for the $250,000 which tho
clearing house advanced, the Mer
chants National did not borrow a
dollar and depended on what it had
in its vaults.
Today many telegrams havo been
received at the bank from bankers
in other cities, expressing sympathy
and encouragement. Tho tenor of
these dispatches Is that tho Mer
chants National has not shaken the
confidences of other financial insti
tutions throughout the country, and
the hope Is expressed that tho sus
pension will be of short duration.
Had it not been for the banking law,
the Merchants National could have
received almost unlimited assistance
from the east and elsewhere, but It
Is rcognized that even had this aid
been accepted it would merely have
postponed the inevitable, for tho
public would not rest until it "got"
the Merchants National.
Malicious Rumors.
Malicious as well as absurd ru
mors were common prior to the sus
pension of the Merchants National.
Some man, it Is known, called up
many depositors of the Merchants
and warned them to take out their
money, as the bank was on tho
point of failure. Anonymous letters
were also sent out to the general of
fect. Where they had their origin
no one apparently knows. The re
port about the Merchants National
was even telegraphed to Astoria and
other towns and assisted in precipi
tating the trouble. All sorts of wild
rumors can be heard, ono of the most
nonsensical being that A. M. Mills
and W. M. Ladd had each loaned
Theodore B. Wilcox $1,000,000 to
gamble In Wall Street.
Another rumor was to the effect,
that all other banks in Portland had
formed a pool last month, in which
they raised $8,000,000, which was
sent to New York on CO days, and
that this sum cannot bo released un
til December. Ono report says that
tho Merchants National needed only
$20 to enable It to havo tho required
amount to open its doors yesterday.
Each and all of these reports aro
without foundation.
TWO FOOTBALL GAMES
FOR ONE ADMISSION
The two football games for Sun
day afternoon are attracting consid
erable attention, as they will repre
sent the flower of the athletically In
clined boys of this city. There will
bo 33 players engaged In the con
tests. Tho first game will be between
tho two Independent teams, and tho
High School boys aro to play the win
ners of the first game. Tho line-ups
follow, though the positions of the
Old Independents could not be
learned:
Old Independent F. Matson, P.
Williams, E. Archer, W. Kronholm,
O. Gulovsen, G. Gulovsen, W. Lynch,
J. Doyle, C. Johnson, A. Matson, J.
Cowan, J. Bernltt.
Now Independents Kruger or
Neama, lef tackle; Juza, left end;
Davenport, left guard; Hoglund, cen
ter; Lasllla, right guard; Juza, right
tackle; Abbot, right end; Johnson,
left half; Gagnon, right half; Elrod,
fullback; Weaver, quarterback.
High School Flanagan, left end;
Merchant, left tackle; Cllnkenbeard,
left guard; Bolt, center; E. Dolan,
right guard; Asplund, right tackle;
F. Dolan, right end; Hansen, quar
terback; O. Olson, left half; Wleder,
right half; Brlggs, fullback.
Eagles Will Run Excursion
An excursion ,wlll bo run to Co
qulllo on Saturday evening, Novem
ber 23, to accommodate the Eagles,
who will hold Initiatory ceremonies
In Coqullle. As a further accommo
dation, tho public will be able to take
advantage of the train which will re
turn tho samo evening.
A Lnrgo Potato.
Mr. Breckenrldgo, who returned
from Myrtle Point yesterday,
brought with him some prize vege
tables, among them being a potato
weighing four pounds, and which
was raised by tho editor of tho En
terprise. Ho also had a stock of com
11. leet in JlV'b"li iuibcu ituui ahjhv i
Point on the ueeney iarm.
M
CIRCUIT COURT
Attorneys Fight Hard Against
Divulging Secrets of "De
ferred Dividend."
SP00NER AS ATTORNEY
Retired AVisconsIn Senator Is Aiding
Railroad Czar Judge Asks
Pointed Questions.
New York, Nov. 15. After seven
hours and a half of argument on
both sldos of the question, Judge
Hough, of tho United States Circuit
Court, announced tonight that he
would not be ready to render any
decision on tho petition of tho Inter
state Commerce Commission to com
pel E. H. Harriman to answer cer
tain questions propounded to him
last spring in the course of tho Com
mission's investigation into the Har
riman lines, until December 1. Tho
opposing counsel were given tho prlv
lllge of filing briefs during the next
two weeks. Arguments which were
not concluded until after G o'clock
took a wldo rango and the privilege
and powers of the Interstate Com
merce Commission were gone thor
oughly into. Former Senator
Spooner, of Wisconsin, appeared for
the first time in the case, and argued
in defense of the position maintained
by Harriman that he is not com
pelled to tell tho Commission what
individual profits he made in selling
the stock of other railroads held by
him to the Union Pacific Company or
to detail the manner In which tho
famous 10 per cent Union Pacific
dividend was declared in August,
1906, and Its announcement deferred
for two days. Harriman also declined
to say how much stock of Union Pa
cific, If any, ho bought just before
the announcement of tho dividend.
John G. Mllburn was also heard In
behalf of Harriman and in opposi
tion to the petition filed by the Com
mission. On behalf of tho Govern
ment, the arguments were conducted
by Assistant District Attorney Stim
son and Frank B. Kellogg, special
counsel to the Commission. Harri
man's counsel contended that all
stock purchased by tho Union Pacific
Railroad were mado on recommenda
tion of tho board of directors and
ratified by tho stockholders. All that
Harriman had done had met with tho
fullest approval of tho stockholders.
of tho Union Pacific. Ho said that
In allowing for tho recent slump in
prices, the Union Pacific had still
profited by tho stock purchases no
less than $32,000,000. Mllburn said
this fact should silence the claim of
the Commission that tho stock pur
chased tended to Impair tho effect
iveness of a railroad engaged In in
terstate commerce. Kellogg, In ' re
ply, said the so-called market value
of stock was nothing elso than Wall
street quotation, probably fixed by'
tho very pool of men who it is
claimed were behind tho stock deals.
As to impairment of tho usefulness
of tho railroads, Kellogg asserted tho
roads of inflated values were today
unable to borrow money to carry out
their obligations to tho public. "Tho
samo applies to roads without In
inflated values," rejoined Mllburn.
Spooner declared the stock deals be
tween Harriman and tho Union Paci
fic had nothing to do with Interstate
commerce and wero of concern only
to Individuals and stockholders. Kel
logg declared tho Commission had
tho right to inquire into tho uses to
which the money of tho railroad wore
put. Hough Interrupted tho attor
neys of both sides with many pointed
nuestions. Ho said, among other
things, that ho did not see what tho
deferred dividend announcement of
tho Union Pacific had to do with In
terstate traffic. Ho also asked, If.
after all, tho Commission was not
merely trying to show who tho indi
vidual was from whom tho stock was
bought which Harriman subsequent
ly sold to tho company. Kellogg
said tho Commission sought to got
at tho bonafido of stock deals. In
general ho declared tho Commission
was making an inquiry which In
volved tho question of whether or
not tho great western territory of
the United States shall bo dependent
on ono man for Its development
whether or not thoro shall bo rall
ronrl cnmnetitlon between tho Mis-
I
GOLD INFLOW INCREASES
New York, Nov. 15. Engage-
ments of gold from abroad now
aggregate a total of $07,905,-
000.
sourl River and tho Pacific Coast.
Kellogg, in concluding his argument,
said tho Commission questioned tho
propriety of Harriman sitting upon a
committee to fix the price of stocks
he held and was about to sell to tho
Union Pacific. "I know," interjected
Mllburn, "but what aro you going
to do about it?"
SECOND HIGH SCHOOL
TEAMS PLAY TODAY
The Second High School teams ot
Marshflold and North Bend will meet
In a game of football this afternoon
on the Marshfield gridiron, at 2:30.
Tho teams have been practicing"
faithfully of late and havo become
quite proficient in the game. The
Marshfield team will lino up as fol
lows: Clifford Downs, right end;.
John Greenwood, right tackle; Ever
ett Bradbury, right guard; Ed Smith,
center; Walter Jensen, left guard;
Max Kruger, left tackle; Robert Wil
son, loft end; Tom MInot, quarter
back; Guy Stutsman, right halfr
Stanley Brlggs, left half; Rufus
Weaver, fullback. North Bend Will
Gaffney, right end; Will Davis, rlht
tackle; John Weicks, right guard;'
George Redfield, center; Harry Tru
man, left guard; H. Reynolds, left
tackle; Stanley Sanford, left end;
Andrew Jackson, quarterback;'
Charles Covey, right half; Dick Len
nan, loft half; Al Davis", fullback;)
substitutes, E. A. Moss, H. Weicks.
KILLFEATHER BUILDS
ATTRACTIVE FIREPLACE."
If you havo any notion of putting,
in a fireplace you want to see tho
sample of one put up by the side ot
the toolhouse at tho corner of A and
First streets, at the Coos building. It
attracted the attention of a Times
man, and, of course, ho must know
all about It. Mr. Ed Killfeather, tho
gentleman who has superintended
tho construction of tho Coos build
ing, built it at odd times, just to keep
his hand In. Mr. Killfeather Is cer
tainly a master mechanic at tho busi
ness, both as to actual construction
and designing. This piece of work;
Is certainly fine. It Is medo ot
brick, alternating with smooth and'
rubble face. Light-colored and dark
red, the mortar being of a different
color, a portion being pointed and
tho rest remaining In tho position tho
pressure of tho brick left, giving It
a rustic appearance most pleasing to
tho oyo. Th'e stylo of work Is called
the Flemish Band.
Breakwater Loaves at Eight.
The Breakwater arrived in yester
day morning at C o'clock with 300
tons of freight. She will start this
morning at 8 o'clock from her
Marshfield wharf. Following aro
tho passengers she brought.
Ben Berger, F. Kutz, Fred Lock
ley, Al Smith, W. Lang, C. Hamilton,
W. J. Woody, B. Saunders, J. S.
Moore. E. Potrefluln, R. Calhoon, J.
A. Bucklin, Miss Woods, R. Whitley,
A. B. Whitloy, Mrs. Martin, Mrs.
Wertzell, John Wortzell, F. Meaghor,.
F. Patterson, E. Spraguo, J. Lucy, G.
Jennings, Rev. Donnelly, E. Camp
bell, W. Day, J. Crane, M. Roskoy,
D, Lockwood, Mrs. Lockwood, E. B.
Jones, Mrs. Jones, D. B. Jones, Mrs.
Jones, J. B. Glenn, Mrs. Glenn, K.
Strong, W. Shunborg, E. Stannard,
T. Nelson, W. Owons, Miss Fleming,
Miss M. Fleming, W. Sturdlvant, W.
Bradley, J. W. Willis, E. P. Sheldon,
Miss Wilson, Geo. Dobbin, Mrs. Rob
bin, C. H. Marshall, J. L. Burns, Mrs.
Burns, G. Saxman, J. W. Flanagan,
J. Clark, E. G. Flanagan, Mrs. Flan
agan and 12 steorago.
Floor Gives Awuy.
Washington, Nov. 15. Just before
President Roosevelt reached tho An
drew R. Ranklln chapel, Howard
university, where ho dolivered an ad
dress this afternoon, tho coment
flooring of tho vestibule entry gava
way and precipitated about 50 per
sons to tho ground, ten feet bolow.
No ono was hurt.
To Dakota for Visit.
Mr. Tim Olson loft on tho Alliance
for Valloy City, North Dakota. Ho
may ho back by Christmas and prob
ably not till spring, but como back ho
surely will, as ho has much money
Invented hero and has great faith in.
tho outcome ot this section.