La Grande evening observer., February 10, 1908, Image 1

VOLUME VIL
r LA GRANDE, UNION COUNTY, OREGON. MOXI.Y, FEBRCAUY 10, 1908. ,
Xl'MBER 3.
FULTimi
' " MARCH FIFTEEHTH
TOWNSEND LIKELY TO
FOLLOW CLEETON'E NAME.
Now Well Known That Department of
Justice Is Not Pleased With Name
i of Cleeton as District Attorney, Re-
. cause Heney Doesn't Like Him
Seems Doubtful That Second Man
"Aip Will Land Office Fulton to
I FubUcly .Reply to Heney Soon.
Washington, D, C, Feb. 10. Sena
latter has won three fights In suc
cession In California. The bout will
be fur 10 rounds 'at catch weights be
fore Thorn McCarey's Pacific Athletic
club. Sullivan's recent victory over
Joe Thomas won a host of friends for
blm In Los Angeles, and as Flynn con
sented io take him on. Matchmaker
McCarey lost no time In clinching the
bout
tor C. W. Fulton Is preparing to come
home on March 15, and then publicly
answer the recent charges made
against him by F. J. Heney In the lat-
ter's Portland speech. ' He cannot gel
puuuvr uwkumi oi me press oi
legislative business.
Justice Department Dissatisfied.
Portland, Ore., Feb. 10. It Is re
ported In Portland today that the de-
artment of Justice Is not satisfied
1th the selection of Thomas J. Clee
ton of Portland, for the position of
federal district attorney In Oregon, to
succeed Bristol, and that It Is doubt
ful If he will be nominated by the
president. It Is 'said that Heney is
not favorable to Cleeton, but this can
not be confirmed. Among the candl
dates mentioned In case Cleeton Is not
appointed Is B.; ' D. , Townsend, of
Washington, D.C., who was interested
with Heney In the Investigation of the
timber and land frauds. '
Women's Golf Tournament.
Coronado, Cal., Feb. 10. Famous
feminine golfers from the Atlantic to
the Pacific are among the contestants
for the California championship golf
tournament, inaugurated today on the
new links of the Coronado Country
club. Mrs. Herbert Munn, . of New
York, who won the 18-inch challenge
cup last year, will defend her title as
woman golf champion Of California.
The tournament" 'will probably con
tinue through four days. v
CLEAR C
II
ES
L RELIEF
III Til OF Mil PANIC
Senator Hldflch Argues to the Seriate That Time Has Come for Another
System of financial Rescue In Time of Crisis
HIS
COULD RELEASE MILLIONS 1H A FEW HOURS
they advance 75 per cent of ' their
value.
Personally Aldrlch thinks the United
states In time will adopt . the latter
system. That it wilt do so in the im
mediate future is a question. There
fore, the entire flnanoe committee
agreed to a demand for the issue of
emergency notes. A minority favored
United States notes. A majority felt
this would establish a dangerous prec
edent, as approval of their Issue, even
for temporary purposes, would lead
to ultimate demand for continual en
largement whenever a reasonable pre
text could be found. They believed.
since the national bank notes, with
convertibility guaranteed by the gov
ernment. Would have the confidence
of the American people, it would be
prudence to use this form of cur
rency, Germany, England, Austro
Hungary each follow this plan In a
general way.
UUAKtUfi LAti I Hb
Washington, Feb. 1. The reply of said the speaker. "It la Impossible to
Senator Nelson Wllmarth Aldrlch of i estimate the losses Inflicted by suspen-
banking and currency bill. Introduced
by htm, as a measure to provide re-
E AFFIRM
NEW YORKER TOOK .
ADVANTAGE OF FIUE.
.i'., , Men at Work Again,
.. Loraine, O., Feb. .10. Five thousand
men were put back to work today by
the National Tube company. They
have been idle' seveiraj yeekabut the
company now reports orders' enough
ahead to employ
men.''"? i '.".
an , additional 4000
Pack "Twin" and Jim Flynn.
"os Angeles, Cel.,, Feb. 10. A fight
tKfjt Is attracting much Interest among
Low iArreles sports Is that scheduled
for tomorrow night . between Jack
"Twin" Sullivan and Jim Flynn. ' The
Faker and Carnival Artist Has Sprung
Sensation in Afflnlly.lsni by Itc-
porting to Fire and 'Quake as u
" Shield to Cover His Retreat From
Ills Reul Wife Ills Wife Was To.
day Granted a Divorce on Ground
of Desertion Man In Seattle,
' New York, Feb. 10. Earthquake
and fire, as aid for affinity worship
Is the revelation made In a divoroc
granted today to Mrs. Salome V. Ford
of .Brooklyn. She alleges her husband
Homer B. Ford, utilized the San Fran'
Cisco horror to make her believe him
dead, so he could run away with his
affinity. Ford was a street fakir and
carnival artist, and was apparently de
voted to his wife until he went to Sir.
Francisco several months before 'he
earthquake. Letters ceased after the
(Continued on page i.)
lief In time of financial stress by al
lowing the national banks , to issue
emergency currency on certain ap
proved securities and guaranteed by
the government, was made today.
It excited widespread Interest be
cause the bill is supposed to have the
best opportunity of passing of a num
ber of bills offered this session. Many
financial crltcs declare the bill affords
no substantial relief. Aldrlch reviews
the situation In an able style.
He reviewed the panic of 1907. It
was not a currency panic n the true
sense of the word, for United States
currency. In. Its character, was beyond
question. The amount of money In
circulation at that and In the hands
of the people, outside the banks'
treasury, was $19.36 per capita, much
large than that held by people of any
other commercial ' country In the
world," except France, where condt
tions are entirely different. -
"Under ordinary conditions the vol
ume of our currency could be fairly
criticised as excessive, and certainly
adequate to meet normal demands.
But there are no provisions for emer
gency which occurs more or less fre
quently in every country, and which
we now see must be provided for,"
ft TIMELY SPECIAL SALE
e
of Beverly Skirts-this week
it . , .. ..,...- . ,
This sale embraces every Beverly Skirt in ou
stock-.in Black Voile, Black Panama, and all novel
ties in every conceivable color-In the new stripes
plaids and checks, also a good assortment in light
colored dress skirts; all at REDUCED PRICES
this week.
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$50.00 Skirts $i0.00 $20.00 Skirts ; $13.3
27.50 Skirls 18.50 Skirts ' 12.3
25.00 Skirts 16.67 17.50 Skirts 11.67
22.50 Skirts 15.00 15.00 Skirts 10.00
AIL SKIRTS AT REDUCED PRICES THIS , WEEK
MIA
VI
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THE PAPILL0N MODEL WAIST :
: : : SEE CUT : ::
The only really mw waist novelty produced
for several months, msde Iro n daintiest of sheer J
materials with many pretly conceits in dainty
laces and insertions
$4.50 up
V
LA Grmuc
nbOCN
1UU Ui MiUttlUi UH Mm IMftUIUI iu iU
recent disturbance. It was financial
embarrassment on every hand; thous
ands' were thrown out of employment
and wages of employes reduced. Of
five expedients adopted to meet the
emergncy, the use of clearing house
certificates was unquestionably the
most effective. .
Saved Disaster Eight Times. .
"This was the eighth time their em'
ployment has been beneficial, at times
preventing serious disaster, but It re
sulted this time In such disarrange
ment of exchanges as to make It
doubtful whether the disadvantages
are not greater than the benefits.
"The great losses to the people of
is country suffered .through a 1 hi
tlal breakdown of our credit system
and which the abnormal increase' in
the volume of money, both legal and
illegal, failed to avert, should lead
congress to seriously consider whether
possible legislation will prevent a re
rui tnce. ,
If the paWc. should be repeated.
the methods of relief used In 1907
would not be available. The treasury
would not be In condition to come to
the relief. 1
"No one can predict what the fi.ian-
clal conditions will be by autu un.
Some urge and entire revision oi the
monetary system and some the esi ib
llshmcnt of a central bank of Issue.
What the Hill Provides.
The bill reported by the way an '
means committee pr' . for th'
possible Issue in emyrwiw f w
000,000, the notes to hi tnlcntical In
character. The banks must be re
quired to deposit in the United States
treasury, municipal, state or first
class railroad bonds. ' On state and
municipal bonds they are entitled to
90 per cent in note's; and on ralrloads
75 per cent. At any time within 48
hours, the entire' $500,000,000 can be
put Into the channels of trade and al
lay public excitement.
The bill simply, gives the banks
the right to accomplish by legal meth
ods, that which they felt necessary in
the recent crisis to accomplish by Il
legal means. - i . . (
Aldrlch grew sarcastic, referring to
the objection of the bill's effect on
bank earnings. He said he must con
fess the committee did not try to de
vise plans o Increase them.
"In the recent panic there was I
general -suspension of cash payments
by the banfs." he said. "This Is a vio
latlon of every banking law. But bank
managers should realize that extraor
dlnary forbearance of the people
should not be repeated, for collection
of the past three months were ton
definite to listen to discussion by bank
officers in large cltlis, or whether or
not remedies proposed by conicresi
would result In large additions to thel
dividends."
The bill does not Intend to place e
nremlum on that kind of bank man
agement which proposes to make fl
nanclal disturbances and cllxasti'r n
source of profit. The securities named
would find universal acceptance In
settlement of obligations. .No securi
ties except l'nltd States bonOx would
have better rredlt and standing In fi
nancial circles. As to asserting thai
the government should not exact from
banks a pledge of definite securities
and that It is safe to accept a general
credit assets as security, Aldrlch said
It was sufficient to answer that hanks
don't follow this rule In dealing with
each other. Clearing houses require
carefully selected securities on which
v f a f 0 p 1 1
PARCEL POST
OF REAL VALUE
BILL PROPOSES SYSTEM V
WORTHY OF SUPPORT.
Ulll
ADVANCES VIEW
FORAKER ATTEMPTS TO '
CLEAR OFFICE SCANDAL.
. .
Representative Leak of New Jersey
Thinks HI Colleague' io Wrong In
Trying to Nominate Bryan In the
House Should Be Done at Denver
Convention Senator Fo raker Tries
to Take Issue With Rowarvclt .Over
the Foulke Letter. y
New Jersey Representative Has Intro
duced a Parcel Post BUI Drafted ',
Alone Lines Reoommeuded by &
Poaunanter General, Which Kin
Competition by the Large Mall Or-. '
der House Rate Apply to Mer
chant Where Rural Route Begin,
Washington, D. C, Feb. 10. Pre
vision for the establlHhment of a par
eel post on rural mall routes was made
In a bill Introduced In the senate to- ,
day by H. E. Burnham of New Jersey,
which la modelled along lines racom -
mended by Postmaster General Voo-'
Meyers In his ' annual report. The
merchant In the city where the rout -begins
may fotward merchandlue to
rural route customers at the 'rat of
five cents' for the first pound, and two
cents for each additional pound. Th
size of packages Is to be limited to It
pounds. If passed,; the measure will
give to the country merchant a vast
advantage over mall order houses, per
mitting 11-pound packages for a quar
ter, whereas It would cost the mer
imant outside $1.70.
Washington, Feb. 10. A bomb was
thrown Into the democracy country
when Leake, democrat, of New Jersey,
made a three-minute "speech ' In ' the
house, In which he - attacked V
Bryan, and declared ' his democratic
fellow statesmen .were proving false
to their duty In trying to nominate
Bryan in the, house instead .of. leaving
the choice JLo the Denver convention.
Forakrr Attacks Roonovelt,
Senator J. B. Foraker ifink the floor
In the senate this afternoon on "ques
tion of personal privilege, to answer
statements In President : Roosevelt':
letter for Foulke with reference
federal appointments in Ohio.. '";
The Ohloan took issue with Roose
velt's denial that patronage was not
being used by administration In an Im
proper manner.
The senator disclaimed any Intent
of "bandying words" with the presl
dent, and while recognizing a lack of
Interest by the general public as to
who held public office, he was prompt
ed by the attitude of the presldeht as
expressed In a letter to Foulke
produce a case of an office holder I
Ohio who had .been coerced.
Reopen Brooklyn Rank.'
New York, Feb. 1. The First Na
tlonal bank of Broo...yn, which closed
Its doors during the panic, was rt'
opened for business today. The dl
rectors declare that the institution Is
now in a sound condition and pre
pared to meet all demands of depositors!
Killed In Slums.
New York, Feb.. 10. After a night
of "slumming in Chinatown" with four
others, a young woman' was fatally
shot in a Second avenue car at 18th
street eariy today. According to two
girls of the party, the woman wa
known as "Queenle." . She carried a
bottle of champaign over' which she
quarreled with a man and a moment
later a shot was heard. : The rbullet
entered, the left breast and the girl
died shortly after reaching Bellevu
hospitals The shooting is enveloped
In mystery. ; i '' ' j ;
to
f - . f ,
" Olilo Frlmaiios Tuesday.
Columbus, O., Feb. 10. Republi
cans of the Buckeye state will be af
forded an opportunity tomorrow to x
press by direct vote their choice for
the party's candidate1 for the presi
dency. Delegates and alternates - to
the republican state convention will
be elected. The convention will be
held here on March $ and 4, and It
will select, in addition to four dele-gates-at-large
to the republican na
tional convention, candidates for gov
ernor and other state officers, '
: ' ;.J.
Metealf to Give Dinner. '
Washington, Feb. 1. The next
cabinet dinner of the Reason will be
. -
held tomorrow evening, when Secre
tary of the Navy Matcalf and Mrs.
Metealf will entertain President 'and
Mrs. Rosevelt. All of the other cab
inet members are expected to be pres
ent. - ' ' t ' '" ''.
' Private plants will furnish light for
the Elks' minstrels. Don't .' remain
away. You'll lose if you do. . T. .
VAhE
n Tines
.... : v
Splendid Assortment
All 1908 Styles
All Prices
HILL'S DRUG STORE
La Grande a h Oregon t
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