Tne Best Boost LiteratureThe Tribune-An Up-to-date Newspaper-Send It East to Prospective lmmigrants-50 Cts a Month Associated Press Dispatches THB WEATHEB. Fair west hot ii promised fur tunight and Friday. VOL. II. JIEDPOIiD, OREGON, THURSDAY- DECEMBER 5, 1907. No. 218. MEDFORD MAY CALHOUNS TRIAL ASKS TROOPS F0R ilo MONEY IS HOLIDAYS IIS HAVE MILITIA BEGINS MONDAY GOLDFIELD MINERS m m Signs of Returning Prosperity-Pay Rolls are Paid in Cash. Company Likely to Be Organized Lo cally to Fill Southom Oregon Bat talionOld Fourth Regiment to Be Disbanded. 'Fifty thousand dollars in clearing house money was lutnit'd ii Monday in Portland, and one bank alone last Sat i.rday paid nut over $HM),(iiii) in cash on. payrolls," .said Judgo Vil)i:uu S. Clowoll, president of the First Nution u) liank of Mcdford. who has returned from I'ortland, yllcr( iio attended t!ie meeting of business men, hanker and eommereia! clubs of the state, called to discins the ipicstion of an extra ses- s.on. "This is the lvst iudieation of tho financial situation in the inctrnpo lis, he eoul inncd. "It shows that the sit "ill" v is beinj; relieved and that conditions are rapidly improving, "iilisiuess is fast rcmimiit"; i t -i nor mal aspect, anil while it will he some time before things are adjusted, the outlook is optiinistie. Matters are in such goud shape' that, it is doubtful if the holidays are extended to the first ol the year as planned." Judge Crowoll was honored by being made chairman of the state committee that notified the governor that, it was not necessary to call an extra session. His optimism is further justified by the reports of I Wild ml banks. The First, National bank .has $I2,S(HI,)1 do posits, $4,111111,11(111 in its-vaults and $2, JMH.1,1,100.. additional .Hvajlnble in other .banks. The -wheat crop is bringing in $1011.11110 n daynow to I'ortland. Notice. Any person or firm holding any ordei on our company or time-chocks of em ployes. plea-se see that same are present ed at office not later than Thursday, the ",lh insl. 2ls" IOWA U'MIIRR & BOX CO. Last Pettibone Challenge. ilOl.SK, Idaho, Dec. 5. The state used the sixth peremptory challenge this morning in the session of the Pet tibone trial. The examination of tales men continues. Mcdford luny secure a militia com pany if it goes after it. Seventy young men have signed the roll and petitioned the adjutant general for nil order to muster tlieni into the service. In order to comply with i general order of the war department requiring the organized militia to conform to that of the regular army, tho state military board met yesterday afternoon in the office of Adjutant Oeneral Fin- zor and formally abolished the Fourth Oregon infantry, stationed in southern Oregon. This action of the military board will have the effect of relieving Colonel Oenrge Yoran nnd his staff from active service, but they will re tain their commissions and remain a part of the national guard organization, subject to the orders of tho Raiutant- general. Neither officers nor troops will be mustored out of the service. Four companies of the seven that consti tuted the Fourth regiment will he form ed into an independent battalion. The remaining three companies will become independent units, pending the nms teiing in of another company, when n second independent battalion will be formed. j Tin' designation of the major who will coin maud the independent battal ion now formed has not been deter-' mined, The two majors arc Creed Ham mond of Eugene and Frank H. Hamlin of Roseburg, both of whom will retain commands of battalions when the sec WILL fill DEC, 14 Governor Chamber lain to Take Lid Off Next Week Banks are Safe. PORTLAND, Dee. r. A special to I hi1 Kvening Telegram from Salem says t lint (inventor 'hnmherlahi mainiineed today that lit' would definitely call off tin- holidays on ). lumber 14. The gov ernor considers conditions so shaping themselves that the ronton for holidays is past. He believes that an additional ten days will be sufficient for the pur-. poso, with the holidays declared. The excellent showing made bv all hanks was the determining factor. Postponed to Await Locating of Su pervisor Gallagher, Who Is Missing Last Heard Mrom in New York City. SAN FRANCISCO. Dec. 5.- The trial of Patrick Calhoun, president of tin United Railways, on the charge, of brili cry of the supervisors, begun this morn mil', but on a motion ot Henev s it went over until Monday to give the prosecu i urn i ime in locate lormer tsunervisor fames u linlltti'her, who was last heard from in New York. Thero are 14 indictments neaiint Calhoun. Abe Kuef is expected to bo the central fin ore in uie inni or v nuioun. BILLS FOR OREGON INTRODUCED IN SENATE DEMAND DEEPENING ux RIVERS AND HARBOrtS WASHINGTON. Dec. o. Fully iiOO nil. I nAnan.tn . 'I J'lJll 1 1 IOII.I I UCI. I'.'IU'H HI leiKletl t lie .Ml wnu loo musieniig in ot another com pany. RIVER AND HARBOR CONGRESS IN SESSION WASHINGTON, Dec. 5. With an attendance that includes the governors of several states, the mayors of a num ber of cities and representatives of trade and business organizations of very section of the country, tho na tional rivers nnd harbors congress as sembled in this citv yesterday and will remain in session until Saturday. The I'ongress, owing to its representative character nnd the prominence and in fluence of tho patricipants, promises to give it fresh impetus to the popular d maim tor luifium waterway and harhor improvements. Joseph E. Runsdell of Louisiana is president and .1. Kllisun of Cincinnati is secretary of the congress. loseph X. Teal of Portland, Or., rep resenting the chamber of commerce, is e in the interest of the several Ore- gnu projects, principal among which is the Celilo canal, which will render the Columbia river navigable for hundreds of miles along its course nnd bring the rich Inland Kmpire into closer relations with tho city of Portland and tho sea board at Astoria. I iivers and Harbors congress to- lay, (ioveruor (.!lenu of North Caro lina declared tho matter before con gress t he most important approached within the last 1 00 years. "As Secre tary of State Hoot said yesterday, we have reached the bridge. I say to you we have not only nached the bridge, but we must cross the bridge this year. We driuaiiil ilie dit in ning of our rivers ami ha-l. ins. We will take no denial, WASHINGTON, Doc. 5. Senator Milton ot Oregon has introduced bills follows: To amend tho interstate com merce act so us to prohibit railroads rrotu making rato increases effoetiv against shippers' protects until a hoar ing neroro t lie com Hussion is had establish an assay offico at Portland with an nnsayer salaried at $50, nnd an assistant tit $1400; to erect a lioht house at Capo Arago, Or., at the cost of 20,000; to appropriate $000,000, or so mucn or that as needed, to buy the locks ot the canal at Oregon Citv providing for the sale of tho Silotz In diau lauds; creating a new judicial dis trict in eastern Oregon to compriso the counties ot jiaKcr, mainour, Jlarney, tirnnt, Union, Umatilla, Morrow, Slier man, Gilliam, Cook, Wheeler and Lane. and providing for court terms at linker ( ity in April and November; to con struct a hatcliery in Snake river at Morton island; to build a monument nt Fort Clatsop to cost $10,000. Senator Ilourue has introduced a bill to relievo R. Green of tho loss, as imot master of Oregon City, of $200 by bur ginrv; niso a hill providing tor the pay ment of volunteers in the Cay use lii diau wars of 1847-8. rr 'liter Ink Factory Bums. XKW YORK. Dec. a. The factory of .. v ih.-rg. mnntitai turer ot printers' ifik, v. as r"sl"oycd by fire early to day. Tlh loss is $1011,000. Tiicom.". Banks Sound. TA 'DM A , W ash.. Dec. o. State-m.-iils issued by local banks show thai cash on hand is twice the amount re 1 1 u i red by law. The general conditions are t xcc llent. COMMITTEE NAMED TO FORM CURRENCY BILL WASHINGTON, Dec. x ( hainnnn Fowler of the house committee of bank ing currency today announced that a subcommittee of five would frame and submit to the main coniiuittoo a cur remy bill. The committee is as fol lows: Fowli r. New Jersey; Prince, Il linois; Calderhead. Kansas'; Lewis, Geor gia; (MllcPipie, lexas. The last two are leinocrals. GOES FROM BLUE LEDGE TO MINE IN MEXICO Frank P. Safford, who has been sistaut superintendent at. tho lilue Ledge mine, loft Wednesday for Mexi co, where ho will bo in charge of p large mine owned by R. 8. Towne, own (r of the Jtlno hedge. Mr. Hafford made many friends in Med ford, whore he was a social favorito, who wish him luck in his new position. MANY NEWCOMERS . LOOKING FOR ORCHARDS Carl A. Hillstrom of Posndt mi, Cnl is in tho city and hus been looking over tne valley with a vioy to purchas ing orcnam lanti. Mr. Hall of La Grande. Or., recently came 10 mcuioni anu will locate. .John Norling, the bandmaster of Jacksonville, visited in Mcdford Thurs day. Air. nownrd or L.a J'orte, lud., is in Medford and will locate in tho valley ii mijwiine iiivesimeuis can lie mime. Mr. Lyle of St. Louis, Mo., is look ing over the valley and will make pur liases ot land. THE FIRST NATIONAL BANK OF MEDFORD Publishes below its sworn statement to the Treasury Department of its condition on TUESDAY, DECEMBER 3, 1907, and we also republish our last prior statement, dated August 22, 1907; so that our patrons and the public may have an easy means of comparing our present condition witn our condition three months ago. WILLIAM S. CROWELL President. RKI'oliT OF Til K CONDlTroX OP The First National Bank of Medford in tin- Stall- ..f Otvi'.mi, al Hit' t-1 p h (if liusimvw, August 22, 1907: al tin' i'Iiiki' df liuHinras, August 22, Resources. I.ii.'ims ami discounts $102,1 13.34 ((cnlialts, secured and unsecured 4.-IIX.44 I'liitcl Slates lmiiils Id secure circulali'ill 3it.lKIII.IIK Premium mi 1'iiited States bonds I,:iiiil.:t7 .1:. aids, securities, i'U' 120,:! IS. so lianliini; lwiu'e, furniture and fixtures is,li:il.:is line frnin nntinnal lianlis. mil reserve agents (io.lll Hue from state lunik and bankers 12 Due from approved reserve agents &7,080.05 ' keeks and other cash items 7iHi."i!l Notes of other national banks BWi.OO 1'r:n'ti,.nal currency and nickels S'.'S.ltl Lawful money reserve in bank, viz.: Specie $28,392.35 Legal tender notes 440.00 lic.lemi'ti.in fund with Cuitcd Static Treasurer, 5 icr cent of circulat ion M. L. ALFORD, Cashier. HKPOIIT OK THE CONDITION OF The First National Bank of Medford Total 28,832.3.1 l,"ll0.IMl .fjH,!l 1 it..-,f ill Ihe State of Oregon, nt Hie cIohc of business December 3, 1907 Resources. Loans and discounts Overdrafts, secured and uiisectirisl T'llited States bonds to secure circulation Premiums on I'liiled States bonds lfouds, securities, etc Hanking house, furniture find fixtures Due from national banks (nut reserve agetits) Due front state banks and bankers Due from approved reserve agents 'l ks and other cash items Notes of other national brinks Fractional paper currency, nickels and cents Lawful money reserve In bank, viz.: Specie iieiieinnion iiiii. I with l mlcd States Treasurer (3 per cent of circulation 1300 00 $ KH,5I1.94 4,210.:i4 35,000.00 1, 534.37 112,1154.15 1S,(II5.SS 3.1 1 2,1X7.31 05,977.09 902.43 11,200.00 197.44 46,476,65 Total 1,420.31 Liabilities. t '.'i.il,'il stock paid in Sui ilns t'tinil ' t rii.lividod profits, less expenses and taxes S'llioiiril bank notes outstanding Due s'nl" banks and bankers luuiviiuii.i in pusus Kuuioci io CIICCK 248 031 74 Demand certificates of deposit 194,r)8'83 Tinie certificates of deposit 8 89901 ''i.1''".1 ,'l'"'ks '.-.i.ii.n.1 f'a-liii I 's eh' , !.- outstanding 17", 00 . .$ 50,000.00 5.OO0.00 410.0S . 30,000.00 0.4:i5.!i:i paid Liabilities. t'apila) stock Surplus fund l'ndivided profits, less expenses and taxes paid National bank notes oiitstandini Due lo ot Ik Due lo state r national baukr banks and bankers Individual deposits subject to check 208,04 Lseiiniiiu cumiicaieB oi deposit Time certificates of deposit 50,000.0(1 5,000.00 1.5K6.9S 34,550.00 23.33 182.5.1 40.28 11.802.76 17,634.43 .t.)(iS,91ll.;-,(I Total Tin- Siate of Ont,,5, founty of Jackson. t. .V, I.. Alt.. i.l, la-liier of the nbovi. named bank, do solemnly w. ..r the iikinc statement is true to the best of mv knowledge '"'I bili.-f. . M. L. AI.FOltD, Cashier. .-. Cn-rest Attest: vm. s. i:om:i.i V. K. I'r.TKl,, CHAS. STRA.Vt:. Diteetor.. Subscribed and sworn ;t"7. Total State of Oregon I. M. I swear that tin' and belief. .1Sn.420.3I comity of Jackson, ss: Alford. cashier of the above mimed ,l ...i i - iVMeilllliy stalein. i,t is true to the best t my knowledge .ii. I.. Ai.coitiJ, c,hier. Attest: lll.i.V , fore me. this etith ilav nt Autrnst, 1). T. LAWTON, Notary Public. orrest- vm. h. ("owki.i,, f. k. di;u;l, (has. stiianc,, Pitectors. Sulncribid and sworn tu before me, this 5th day of December, ,!'"7- I). T. LAW-TOM, Notary Public. 1 IN REALTY People Invest Money Hereafter in the Soil-Speedy Recov ery Follows Slump. Governor Sparks Astonishes His City Krquet for Federal Soldiers To Operate tho Mines With No.i-Union Men. (IOLDPIKLD. Dee. 5. News that Governor .Sparks had called U ou tho federal government to have tru h ready for use in loilillield at n nionienl 'a call to restore order was received in thin (immunity with ainazcment this morn ing. It was not supposed that the strike s 'liatioii had reached audi mi acute stage as to warrant such precautions. On the surface (Inldflcld is as quiet as a holiday. People generally accept the news as meaning that mine operators are preparing to open tile mines with niiiiiiiiiiiii minors. If this undertaken the general opinion is Hint there will lie nut and bloodshed. FIND OF RAILROAD KANSAS CITY BANK TEMPORARILY CLOSES KANSAS CITV. Dec. 5. Tho Nation al liank of Commerce of Kansas City x.u.-o ,,, open us (morn una morning, The bunk is one of the oldest and Inrir- est in Ihe city. Tho bank's directors and stockholders include some of tho most prominent men in Hie city. Other banks havo issued their statements, showing a healthy condition. The bank has been in a weakened condition since the last statement, issued August 22 Dr. H. Woods, president, stated: "The directors of Hie National Hank of Com nierie thought it was best to nt least close I. niporarilv. We made tho (Ight oi our uvea, nut conditions were against us. Ihe depositors will not lose a cent.' None of the other banks have asked aid and tho clearing house considers them perfectly sound, 'flic failure of 'In liank did not cause nnv run other banks, nnd deposits are being (MiOIC IIS IISI1UI. The fa'liir.' was due to culls made by inner nanus lor balances. In Septom ber the bank, had 14 .000,01)0 deposits. ADVERTISED LETTERS. Mildred Hoot, Mrs. M. L. Brown, Mrs. II. C. Cook, Miss May Crain, Lu ther llaniinersley, Miss c'nrnu'lii llin- klo, .1. T. Junes. Mrs. A. L. Johnson ('. M. McCov. Y. I'clerson. W. II linlh. inn, Alnielher Hoe (2). Washington oiieriuuu, .-sum n f ere, A. t'-. Kwdgortv lohn It. oostiMi. J. IT. Mitchell, alnto agent of the Hankers' Life Insurance company of Omaha, and part owner of the lYndle Ion Daily Tribune, has deserted his ionic city to locate in Medford. He visited Medford some tinio since and was so pleased wilh city and vnlley that he decided to locate permanently. Hefore his return ho visited ucarlv ail tties of Washington, Oregon nnd Idaho, and states that conditions in Medford are better than in many other places. no ninny ideas and theories have been advanced as to the cause of the present financial condition that it is almost impossible to offer anything new," said Mr. Mitchell. "However, after a trip covering tho greater por tion of Oregon. Washington and Ida ho, I would stale that the general opin ion aeenia to bo that it is enured by a cleverly laid plot by high Iliianciera in New York. Of this there can bo-liltle doubt; that they were successful there ia no doubt; in fact, it appears to have gone further than they anticipated. It will take New i ork years to again irain the confidence of the western banker or smnll depositor. Is a Good Thing. "Now this (I nunc in 1 depression, while it has hurt some of us, is the best. Ihinu that ever happen for the wiige-cirner and small capitalist. Wo all know lhal the past few years has witnessed a great change in the banking world. I rust companies, on account of tho lib- nil interest paid, havo beci-me ihe nding depositories for working nen- le. They advertise 4 per cent and pay it, as long as they run. Hut when company pays 4 per cent, doesn't it stand to reason that tho company must oatl tins again, nnd they cannot alwavs get prime loans. The coiiseuiienoo is that many of the loans nro made on urilies that n national bank could not accept, and when they are forced to realize this find it impossible. Look to Real Estate 'The wage-earners, in the future, ill nil of putting money into trust com panies, will invest it in real estate. No mger will they expect Hie interest on the deposit to liny the house rent. There i are in Oregon nnd in the Koguo ltiver 8ION8 OF GOOD TIMES alley today thousands of acres that un be bouirlil on the installment i.l-.i. small tracts, which will pav moro than any trust company, and when' hard times coma Hie owner has a home and living. "The agricultural and liorl icull nrnl vcloiiment of Oregon are in their in- fancy. .Smaller wheat fields, smaller or hards and a higher state of cutlivn- lon is what, we need. Thia alnto could ed anil employ in tho growing of its nrious products millions. No Risk in Realty. Another reason why the small lu stier should buy real estate! There absolutely no risk. The various agricultural localities have b( on fully sled and he can take his choice wheth- it be to engage in the production of heat, fruit, vegetables, dairy nrod IB or uny of the many staples which this ( nt rv is well miauled for. " TESTIFY TO THREATS MADE AGAINST QOEBEL t.'i:ol-(ll:Ti,W. Dec. 5. State Sen alor Watson, testifying in the Caleb t oivers trial today, said that he nw lour tinned men citizens close the door in tne executive building while due bel's body wns being carried from the stntehoiise grounds. Hlnle Senator Frazier testified that he heard some mountain men any: "We are here to stand by Tuvlor nnd purpose to give I hem hell." PAGE'S NEW WAREHOUSE AT ASHLAND BURNS I'ngc 4 Son's large frame warehouse at Ashland burned to the ground Wed nesday. Tho building wns new, having just been completed. It wns located on the railroad right ,.f way and intended lo bo used in packing and shipping truit. It is not known how Hie fire originated. WHEN FACTORIES REOPEN HOSTON, Dec. 5.-Signs of recovery from business depression nro being feft in all parts of JV,.W .:g,i hy the resumption f openiti,,,,, j,, ,inM Bml taitories. Commercial Club Goes on Record as Favoring Southern Pacific. 4- t Whereas, Tho Commercial clut hatt been notified through the press that tho Oregon railway 4- commiHriion will visit Bedford 4- on the 10th inst. to hear any Krit,v'""'e against tho South- f ern Pacific company, and in par- V f tieuliir thfl train ftorvice, 4- Resolved, That thia body no- 4- tify tho aaid railroad ennimis- 4- aion that tho (.'uDimorciai club 4- of Medford has no complaints or grievances to prosent at thia - time against tho said Southern Pacific company af fee tine this 4- locality or tho train service; 4 4 that it ia the sen so of this bodv - that the Hum t hern Pacific com- 4- pany nro meeting nil just do- f jnands mado by tho public as 4 promptly as conditions will per- 4- mit. And be it further 4- Resolved, by the Commorclal 4- club of Medford, That we are 4- not in accord with the contin 4 4- tied hostile agitation against the 4 4- railroads, but beliovo they . 4- should have tho sumo just bud-' 4 4 port aa any other largo business 4 4- interests in the state. - 4- 4-44-44-4-4-f The Commercial club hold it regular monthly meeting last night. Indorsed resolutions presented by tho Horticul tural society nnd passed resolutions to the effect that the taking off of trains Nos. II and 12 did not work an injury to Mcdford and that the club would not Umrticipntu in the hearing brought against the Southern Pacific railroad by tho si a to railroad commission. A letter was read which was from Secretary Loeb by President Perry thanking the club for the box of Cornice penra shipped President Kooaovolt for liis Thanksgiving dinner. A letter was received from President M. P. Kggleston of tho Ashland Com mercial club requesting the assistance and aid of tho Medford business nmn in presenting testimony beforo the state railroad commission at Its hearing next week to force the reinstatement of day light trains recently taken off, Speeches against participating in tho imiuirv were made by Southern Pacific Agent Kosenbaum, Attorney W. M. Col vig, who also represents the Southern Pacific, John D. Olwoll nnd lr. J. M. Keene. It was tho ironerul sonse of the meeting that the temporary removal of the trains had not injured Mcdford, es pecially since a pnssenger coach had been attached to the fa-st freight, en abling travelers to leave Grants in the veiling. Resolutions as given aoove were p re nted by Mr, Olwull and adopted with out a dissenting vote. Lineman Is Killed. TArOMA. Wash.. ,p. Hi rtram i mini, ii iiiiemjwi, tii vears or io. whs struck by n streetcar Inst, nivht. ami his skull fractured. Ho died noon forwards. Ho leaves a widow. ev- sons am! two daughters. Eastbound Record Broken. gilKKNrfTOWN, Dec. 5, Tho Cunsrd iner Mauritania arrived hern nt. .Vi!i lock this ufternoou, thus breaking cant bound record. TAFT LEAVES EUSSIA TO VISIT IN BERLIN NT. PKTKRHHPRrt. lw. --H.itp Tat't and party left at iiuon lodiiy for Merlin. A party of Russian officers and functionaries mid the staff of th American embassy suw the party off at the railroad stption. The Russian nu thorities are lelieved that tho secre tary 'a visit has passed without any un toward incident. THIRTEEN INJURED IN PITTSBURO DISASTER PITTSnrRfl, Dec. .1. A wreck raused by either a defective switch or the too hasty throwing of the switch, resulted in a serious injury to 13 per sons on the east bon rid Pennsylvania passenger shortly nfier leaving the union statinii. 7li:PORT OK TUB CONDITION OP THE MEDFORD NATIONAL BANK nt Medford, in the slide of Orniron, at the close of business, Dfcambef :i, 1IKJ7: Eesourcos. Loans and discounts i $120,658.69 Overdrafts, si cured nnd unsei-ured 9,8113.28 Tuiled HlatcH I Is to ar-enre circulation 49,800.00 rreiniuiiiH on Vnited States lioiuls 1,795.87 Bonds, securities, etc Ittinkluo; house, furnituro illul fixtures T)ue from national luniks (not reaervo ngonts) .. line from slate hanks ntul liliuhers Duo from approved reservo stents Checks and other cash items riol.l dust on hand Notes of other niitionnl lianka Fniclionnl mtM'r currency, nickels and cents Lawful money reservo in hntik, viz.: Hpecie TiCnl lender nolfs .$42,1)91.8.'! , 1,000.00 26,307.91 33,044.64 19.90 775.00 110,804.11 2,571.88 107.(0 3,200.00 177.45 43,091.85 s and taxes paid ',...jo' Redemption fund with t'llited States Treasurer (5 per cent of circulation , 4)15 Total .., j. Liabilities. f'npital stock paid in .. Surplus fund Undivided profits, less expenses and taxes paid k...jBp' . . . . 2,424.67 National hank no'es outstanding ; 49,800.00 line to slate ImiuI.s and linnkers 1,815.58 Individual deposits subject to check 83,794.81 Demand certificates of deposit 13,639.96 Time certificates of deposit 2,650.00 Total 413,625.02 State of Oregon, t'ounty of .Tnckson, sst I, John H. Orth, enshier of the Hbove namod bank, do solemnly swear that the above statement is true to the best of my knowledge and belief. JOHN S. OKT1I, Cashier. Correst attest: J. A. PERRY, VM. M. COLVIQ, J. E. EN'YABT, Directors. Subscribed and sworn to before tna this 4th dnv of December, 1907. P. M. STEWART, Notary Public.