La Grande evening observer., July 07, 1913, Image 1

m.
volume xin.
Kuhn
PITTSflURG'S
CHIEF BANKING
THIRTY MILLIONS TIED .UP IN
t . - -
insolvent institution
today. ';'-V":vV:',
WALL STREET INDIFFERENT
SmaH Banks, Owned by Kuhns, Like
wise Toppled When Pittsburg Bank
Is Closed Wall Street Has Been
Expecting Similar Action by the
Government Forewarned is Watch
$ $' 4 $ !j 4 $ J
Pittsburg, July 7. Deposits 3
S aggregating . thirty millions' of 3
3 dollars were tied up today by the
order of the assistant controller
S of currency, with the closing of
the First-Second National bank, S
4 the second largest in this city, $
$ the, first and second having re- 3
? cently consolidated. The majority S
of the stock was held by the J. S.
and W. S. Kuhn, representatives
of the Kuhn interests. It was
S announced that a receiver will be
appointed for the American Wat
S er Works company', a twenty-four $
S million dollar confern operating
5 in many cities. The Kuhn inter-
ests are heavily interested in the
$ water power, water rights, and
' ? other industrial enterprises, Sev-
? eral banks and trust companies in
. S' neighboring towns and cities are
S associated with the bank. ..
? Foreign Depositors Excited. , "S
The institution's closing was
3 followed three weeks of examina- 3
? tion by special government exam
, S iners. The failure caused much
? excitement among the foreign de
? positors. Reassuring statements $
? to the effect' that the depositors S
would be protected when the S
? bank's affairs were straightened $
out, were issued.
' Mckeesport Bank Fails.
? Mckeesport, July 7. The First
S National bank of this city closed
its doors today as a result of the
$ failure of the First-Second Na-
' tional ,bank of Pittsburg today.
The Mckeesport institution was Q
5 owned by the Kuhn interests. $
'
New York, July 7. The failure of
the' First-Second National bank at
Pittsburg didn't disturb Wall street
It is is regarded as an isolated case
i having no bearing on the general
banking situation. The Kuhns of
I? Pittsburg are connected with the Weig
r ki,ina. firm and the Kuhn, Loeb &
Company of New York. New York
stock tickers carried the following re
garding the failure: "The failure of
the First-Second National bank has
been expected some time and is not
regarded as an important failure due
to the loans on collateral that greatly
depreciate the value including the Wa
' bash Water Works and other issues.
Closing Ordered by Administration
I The closing of the bank at Pittsburg
was ordered by the administration to
i protect 'little fellows". It is stated
that the institution had been shaky
! for some time. Secretary of Treasury
: inJorfered with an order to maka all
I depositors receive equal treatment.
Policy Ought to Be Fixed One.
It was klso intimated that the 'be-
LA
Banks
PARKINSON
SUIT FILED
REFERENDUM BILL TO BE FUR-
ther tested. "y;:"
Action Is Filed ' la Marion County
Circuit Court Today.
Salem, July 7. An injunction suit
to test the constitutionality of the Day
bill calling a special referendum elec
tion in November, wtfi filed before
Judge Galloway of the Marion coun
ty circuit court - today, by Attorneys
Parkinson and Yanckwich, acting foi
A. C.'Libby, president of the Educa
tional Betterment league. '
The bill- is attacked on grounds of
unconstitutionality. j
foiehand" action such as prevailed in
the Pittsburg case, be a fixed policy
during the Wilson administration. Di
rectors of the bank it asserti invited
the controller of currency to take
charge. "-.rV :-
Suffragettes Would Burn London.
London, July 7. A suffragette plot
to burn London was discovered by the
Scotland Yard, according to the Ev- i
ening Standard. The paper declared lin: today, "we should, have the build
it was proposed to have several French ing ready for occupancy. The build-
aviators fly across the English changing fund will be drawn upon as the
nel - and drop phosphorus bombs on architect certif icates require and ev
the principal buildings in London. The ery detail has been carried out."
aviatiors approached, it stated notified' The realization of this sum of mon
the police. i ey is the crowning laurel to a group
'. i I of hard-working La Granders, who
Man Murdered; Money Taken.
Walla Walla, July 7. Shot twice in
the head, one bullet entering the right
temple, the other the left eye and
once through the hand, an unknown
aged man, presumably a ranch hand
living in the western end of the coun
ty, was found dead along the O.-W.
R. & N. tracks five miles west of the
city, about three o'clock yesterday af
ternoon. . The purpose of the murder
was robbery, it is believed, by the
officers, the pockets of the man being
turned inside out.
Stock Exchange Wrecked.
Liverpool, July 7. The Cellar Stock
Exchange was partially wrecked by a
bomb today. Suffragette literature
was found after the explosion. I
E
NUANCE
MID RETURN
Running of an endurance motorcycle
race from the fair grounds grand
stand to Baker and return, finishing
at the fair grounds is the attraction
being staged for July 27 by Secretary
SeCor of the Union County Fair asso
ciation. It takes the place of the
motorcycle meet originally planned
but abandoned on account of the risks
of a half mile track. Baker motor
cycle fans have responded warmly and
of course La Grande motorcycle own
ers ire not going to let Baker over
shadow the locals in either numbers
or speed. It will develop into an inter-city
contest as Pendleton and oth
er towns are keenly Interested. The
race plans are roughly sketched al
ready. The race will start immediately aft
er noon on Sunday and with a handi
cap system, start for Baker, score
there and return. Heavy and powerful (
machines will of course not start
equally with the lighter machines. j
While Mr. Se Cor has another pro-
GRANDE, OREGON,
Closed
gift ready
TWELVE THOUSAND FIVE HUN;
DRED AVAILABLE.
As Soon as Buildings Disappear, New
Library to Rioe.
Twelve thousand five hundred dol
lars representing the contribution of
the Andrew Carnegie Library commis
sion to the La Grande library fund, is
now available in such sums as' will be
needed to meet pay checks for con
struction.' The commission's letter-informing
the local ''officials- that the
last detail of a myriad had been fit
tingly attended to," came to President
J. W. Loughlin this morning. It spells
immediate commencement of construc
tion of the library building at Fourth
and Pennsylvania. The city's tooj
houses must first . be moved off but
while that is being done, the plans
and specifications will be opened to
contractors and bids advertised for
that all these necessary details may be
finished by the time the city has
cleared the" space. ; '' ; ' ;; ,' , f
"October 1st," said President Lough-
shaped the plans originally and went
through the first hard tussles to get
action. Every item of detail was at
tended to in its proper course and the
arrival of the check for the sum of
money needed to construct the building
will unloaded from a handful of La
Grande people a burden that has been
borne gallantly.patiently and pains
takingly. The structure will be a cred
it to the city and the equipment like
wise as near perfection as possible.
Miss N. Noel, a graduate1 of Pratt
Institute, and a resident of Tacoma
arrived a few days ago to ..become li
l"arian here and she will be in charge
of the library this summer and super-
intend the moving into the new quar-
ters. She succeeds Miss Cowell, re
cently resigned.
TO
ON JULY 27TH
gram in mind, there will be ample op
portunity for entertainment as a care
fully prepared system of reports will
be carried out. At Hot Lake, Union
Telocaset, North Powder, aHines and
Baker, both going and coming, the
riders must pass a judge at each town.
As they pass the separate judges, re
ports will be telephoned to the grand
stand and there announced at frequent
intervals.
Various attractions, bicycle and horse
races if possible, will be arranged at
the grounds while the racers are on
the way.
Each entry win be assessed a sum
of money probably $10 and the win
ners of first, second and third will
take all the entry money. ..This will
make a profitable sum to take down.
The entire scheme has been popu
larly accepted and likely will be the
big event or Its kind in this section
of the state. From time to time more
announcements as to details will be
made. The entry date closed Tuesday
prior to the day of the race.
MONDAY,
jst2ntt UbfMJ
Copyrighted by International News Service.
They're here at last. . Father Knickerbocker will rub his eyes this morn
ing when he observes one of his prettiest young suffragettes walking to
campaign headquarters, in trousers.
Mrs. John Boldt, who was called
army on its 250-mile hike to the inauguration last February, ha3 designed
several pairs of trouser costumes, and
Fear Of Suffragettes
Doubles King George's
G
London, July 7. Elaborate precau
tions had been taken by Scotland Yard
to guard against suffragette. outrages
when King George and Queen Mary
icii, uuiiuuu iuuay on uieir oinciai vis-
it to the manufacturing districts of
Lancashire. Euston Station was
swarming with detectives and only a
few privileged ticket-holders were al
lowed on the royal departure platform
while detectives and plain clothes po
lice officers patrolled the whole of
the 190 miles of railroad track to
Warrington, where their Majesties
alighted in order to drive to Knowsley
Hall, the residence of the Earl of Der
by whose guest they will be during the
next eight days.
True to his reputation as "the king
who wants to see, things", King George
will cover some two hundred miles of
the busiest manufacturing district of
Lancashire, visiting the important
towns of Widens, St. Helens, South
port, Preston, Accrington, Rochdale
Burnley, Blackburn, Wigna, Bolton
and other neighboring industrial cen
ters, and will spend three days in and
around Liverpool and Manchester
Cotton, wool and hardware are the
principal industries of the district, and
today the factory hands gave their
Majesties a rousing welcome to the
north.
Knowsley Hall, the magnificent res
idence pf the Earl of Derby is very
central for the purpose of the visit
but in addition to being one of the
largest landowners in Lancashire, thj
earl and his countess are personal
friends of the King and Queen, and it
was for this reason that their Majes
ties made Knowsley their headquar
ters. As a relief from the strenuous round
of visits before them, the earl has ar
ranged numerous entertainments fot
their Majesties, one of the most inter
esting being a special performance ofi
star music hall artists. This will be
given tonight in the great hall of
Knowsley, and at great expense the
earl has had the floor of the hall ex
cavated to accommodate the orchestra
so that the royal party will have an
uninterrupted view of the stage. The
favored "stars" are David Devant
the well known illusionist, George!
Graves and company in a sketch, "Kof
JULY 7, 1913.
WEARS TROUSERS AND THEY LOOK GOOD TOO.
-.
the mascot of General Jones' suffrage
will wear them hereafter.
fo of Bond-street," Neil Kenybn, (Har
ry Lauder's most, dangerous rival)
George Formby, the Lancashire com
edian, Tom Edwards, ventriloquist
and a musical and dancing party. The
earl is entertaining a select house par
ty, the names of the guests having
been submitted to, and sanctioned by
the Kin? and Queen. .
LAUTERBACH DENIES CHARGES
E BY L
S Criminal Action Indicated. ?'
Washington, July 7. That
criminal prosecution of those con- $
cerned in the impersonation of $
S congressmen in connection with
S the lobbying of Wall street inter- ?
ests, may be sought by the sen- $
? ate investigating committee, was ?
indicated today when Lauter- f
Q bach, before he testified was ask- ?
S ed to waive rights of immunity. S
Washington, July 7. The first wit
ness examined by the insidious com
mittee was Edward Lauterbach, re
garding the sensational testimony of
David Lamar, who admitted that he
had impersonated over the telephore
several members of congress in a con
versation with the leading financiers
and railroad magnates.
Lauderbach Nervous.
Lauterbach was extremely nervous
Chairman -Overman rea dto him the
teBtinionv of Lewis Cass Ledyard, in
which, it is declared Lauterbach had
claimed he represented Speaker Cfavk.
Senator Stone, of Missouri, and other
democratic leaders. Lauterbach form
ally waived immunity, when ha rend
the .original testimony and denied that
he knew about Lamar's impersonations
of prominent men in the telephone
conversations with financiers and o'.h
ers. Denies Impersonations.
Lauterbach denied he told Ledyard
MAD
NUMBER 1.
GREEKS SUFFER
CAPTURE WITH
. SEVERE LASSES
BULGARIANS SPRING UNIQUE
COUP AND CAPTURE AND -ROUTE
GREEKS. ,
KING CONS MINE BESTED
Eighty Thousand Greeks Reported
From Bulgaria to Have been Scat
tered by Unique Attack Many Cap
tured and the "Balance Reported to
Be Routed King Constantino Id
Command. -. i
Sofia, July 7. The Bulgarian .war
office issued a bulletin today claim
ing a great victory over the Greek ar
my as the consequence of a maneuver
executed by General Ivanoff , which
resulted in the scattering of eighty
thousand troops, in a Greek line of
battle, extending from Nigrita to Am
boirkoci. It is asserted that the most
of these troops were captured by the
Bulgarians and that the Greeks lost
heavily in fighting before Nigrita The
Greeks were defeated under, the per
sonal command of King Constantino.
Greeks Surprised. ..
Ivanoff's movement, the war office
said, surprised the Greeks, who . were
easily routed.' General Dimitrief de
clared today that the surprise and cap
ture of such a large force was unique
in history.
Ellensburg Fire Costly. .
Ellensburg, July 7. Fire starting in
a defective flue at Easton destroyed
eleven business houses today, Loss is
estimated as being ..from twenty-five
to fifty thousand. Oniy one business
house is left standing.
that Lorn ar was a blackmailer, and
insisted that he told Ledyard he
(Lauterbach) didn't represent Clark
Stone or anyone else in authority. He
denied that he said the democrati:
leaders did not want the steel inquiry
to proceed. He said that he came to
Washington to investigate tha steal
inouiry, but did not see any high of
ficials of the government or any demo
cr&';ic leaders.
Lamar Had Aided Lauterbach.
"David Lamar was my friend," said
Lauterbach, "and I realized I had lost
my entire law practice because of hi
friendship for me, but I knew he was
honest. He had done many honor
able things for me. He got Henry H.
Rogers to be my personal client. I
did many big things for Rogers, not
ably in preventing the Guggenheims
from taking the American Smelting
and Refining company under their nor.
trol in thei rown way."
PACKING PLANS BURN.
Omaha, 'July 7 The sixt story
plant of the Omaha Packing company
is on fire, shortly afternoon it appear
ed there was no chance to save the
building, the valuation Is more than
half a million.
The packing plant of Nelson Morris
company of South Omaha, was threat-,
ened with complete destruction by fire
at noon, but the fire was extinguished
after the roof fell in and the fifth,
sixth and seventh stories were con-
sumed.
TESTIMONY