THE MOBXING- OREGONIAN WEDNESDAY, OCTOBER 15, 1802. KNOX ON TRUSTS Publicity Is Good Remedy, He: Says. EVILS OF OVERCAPITALIZATION Attorney-General Dlscnsses Indus trial Combinations and Points Out. Their Benefits, aa Well as Their Disadvantages. PITTSBURG, Oct 14. Attorney-General Knox addressed the members of the Chamber of Commerce at the Hotel Chen ley here tonight. There were 700 guests present. The subject of his address -was "The Commerce Clause of the Constitu tion and the Trusts." Mr. Knox -was afterward entertained by "William H. Keech, chairman of the committee in charge of the meeting. The Attorney General said in part: "These great combinations, now number- lng thousands, are the instrumentalities of modern commercial activity. Their number and size alone appall no healthy American. We are accustomed to large things, and to do them in a large way. "We are accustomed to speak with a justi fiable pride of our great Institutions and what we have fairly accomplished through them. No right-thinking man desires to impair the efficiency of the great corpor poratlons as instrumentalities of National commercial development. Because they are great and prosperous Is no sufficient reason for their destruction. If that great ness and prosperity are not the result of the defiance of natural rights, or rocordetl will of the people, there Is no just cause of complaint. , "That there are evils and abuses in trust promotions, purposes, organizations, meth . ods, management, and effects none ques tions except those who have profited by those evils. That all or any of these abuses are to be found in every' large or ganization called a trust no one would assert whoyalued his reputation for sane Judgment. Most Xoxioas Features. The conspicuous noxious features of trusts existent and possible are these: Overcapitalization, lack of publicity of operation, discrimination In prices to de stroy competition, insufficient personal re sponsibility of officers and directors for corporate management, tendency to mo nopoly and lack of appreciation in their management of their relations to the peo ple, for whose benefit they are permitted " 1 to exist. "Overcapitalization is the chief of these and the source from which the minor ones flow. It Is the possibility of overcapitali zation' that furnishes the temptations and opportunities for most of the others. Overcapitalization does not mean large capitalization or capitalization adequate for the greatest undertakings. It is the imposition upon an undertaking" of liabil ity without a corresponding asset to rep resent It. Therefore overcapitalization is a fraud upon those who contribute the real capital cither originally or by purchase, and the efforts to realize dividends thereon from operations is a fraudulent imposition of a burden upon the public. "When a property worth $1,000,000 upon all the sober tests of value Is capitalized at 55,000,000 and sold to the public, it Is rational to it' assume that its purchasers will exert 1 every effort" to keep Its earnings up to the basis of their capitalization. "When the inevitable depression comes, wages must be reduced, prices enhanced, or dlvl i dends foregone. As prices are naturally not increased but lowered in dull periods, it usually resolves Itself into a question of wages or dividends. "While this condition may exist under any circumstances, it is exaggerated by overcapitalization in the illustrating case five to one. The overcapitalized securities enter into the general budget of the coun try, are bought and sold, rise and fall, and they fluctuate between wider ranges, and are more sensitive in proportion as they are further removed from intrinsic values, and In short, are liable to be storm centers of financial disturbances of far-reaching consequence. They also, In the same proportion, increase the tempta tion to mismanagement and manipulation by corporate administrators. Control of Corporations. "Corporations and joint stock or other associations, depending upon any stat utory law for their existence or privileges, trading beyond their own states, should be required to do business In every state and locality upon precisely the same terms and conditions.. There should be no dis crimination In prices; no preferences in service. Such corporations serving the public as carriers and In similar capacities should be compelled to keep the avenues of commerce free and open to all upon the came terms and to observe the law as to its injunctions against stifling competition. Moreover, corporations upon which the people depend for the necessaries of life should be required to conduct their busi ness so as regularly and reasonably to supply the public needs. "They should be subject to visitorial supervision, and full and accurate infor mation as to their operations should be made regularly at reasonable Intervals. Secrecy in the conduct and results of op eration Is unfair to the nonmanaging stockholders, and should, as well for rea sons of slate, be prohibited by law. "If these serious evils were eradicated and a, higher measure of administrative responsibility required In corporate of ficers, a long step would be taken toward allaying the reasonable apprehension that the unchecked aggression of the trusts will result In practical monopoly of the important business of the country." HOT BATTLE WITH ROBBERS Aged Men Kill Tiro of Assailants, bat Arc Badly Beaten Themselves. CLEVELAND. O., Oct 14. In a farm house two miles from the village of Rochester, in Loraine County, a terrible battle was fought tonight between aged brothers named Meach and six desperate robbeiw. As a result of the battle two of the robbers were shot to death, one prob ably fatally wounded, and two of the bleach brothers were badly beaten. There are three of the Meach brothers, Loren, aged nearly 89 years; John, about 70. and Jan-is. aged 65. The old men arc said to be rich. While John was in the barn, he was surrounded by three rob bers and bound. Going to the house, they knocked Jan-is Meach into Insensibility. John Meach worked himself loose from his bonds, however, and seizing a shot gun, cautiously stole upon the three burglars who were- working at the safe. He shot two of them to death and fa tally wounded the third man. The threo companions of the men who were watch ing the house, realizing their danger, Immediately got away. The robbers se cured no money. The wounded robber refused to make any statement as" to his Identity. TESTIFY AGAIXST HORN. Damaging: Evidence In Xotcd Mon tana Range-War Case. CHEYENNE. Wyo.. Oct- 14.-Evldencc was Introduced in the Horn case today showing Horn to have been near the scene of the killing of Willie NIckcll at 6 o'clock the previous evening, and to have arrived in Laramie. 35 miles away, at 11 o'clock, or four hours after the crime was committed. Testimpny of wit nesses for the state also showed that Horn left a bloody sweater at .a shoe store upon his arrival in Laramie; that his horse was fagged out, as if the ani mal had been ridden a great distance In a, few hours. One witness testified that he heard Horn remark in a saloon In Den ver one night during November. 19Q1, that he was the "main guy" in the Nickell killing, and that "the Nickell shot was the best one he ever made. CHARGED- WITH ICIDXAPIXG. Niece of the Late Ward McAllister Has Husband Arrested. NEW YORK, Oct. 14. Alexander C. Young, Corporation Counsel of Hudson County, New Jersey, was arrested to night on a charge, of kidnaping his child from his divorced wife, Mrs. ioulse Mc Allister Young, a niece of the late Ward McAllister, arid until midnight was de tained at a police station. Mrs. Young, who was granted a divorce on August 28, was given the custody of their daughter. She charges that on Mon day, while the child, with its nurse, was standing on the street, Mr. Young came up and carried the child away in a cat). Board of Foreign Missions. OBERLIN, O., Oct, 14. The 93d annual meeting of the commissioners of the Board of Foreign Missions began its ses sions here today, President Samuel B. Capen, LL. D.. of Boston, presiding. The report of the home department was presented by Secretary Charles H. Da vids. D. D., of Boston. The treasurer, Frank W. WIggin, of Boston, presented a summary of his an nual report. The treasurer's report was followed by an address by a member of the prudential committee. Rev. W. H. Harris, D. D., of Newton, Mass. The special train 'bringing delegates from the East started from Boston and New York arrived In Oberlln at noon to day. Argnmcntg in St. Louis Boodle Case. COLUMBIA. Mo., Oct. 14. When the esse of Colonel Ed Butler, the St, Louis millionaire politician, indicted on a charge of attempted bribery in connection with the city garbage contract, was called to day, Judge Chester Krum, for the de fense, opened the argument on the de murrer. In supporting the demurrer to the Butler indictment, the defense made its strongest argument against the valid ity of- the garbage reduction contract, let by the Board qf Health, members of which, Drs. Merrill and Chapman, the de fendant Is charged with attempting to bribe. Police Raid Kelly's Honsc. NEW YORK, Oct, 14. The police tonight raided five aeged gambling-houses in the tenderloin district, and as a result more than 00 prisoners were taken to the sta tion. Among the houses raided was that of which "Honest" John Kelly la tho alleged proprietor. Sheriffs Elude Mob After Tfejcro. DALLAS. Tex., Oct, 14. Jim Buchanan, the negro murderer, was landed In the Shrevcport Parish Jail today by the strat egy of three Sheriffs, who eluded a mob of 000 people.- CASEY PLEASES PANAMA American pfllcer Will Let Govern ment Use Railroad. PANAMA, Oct, 14. Rear-Admiral Casey has decided to allow the Colombian Gov ernment to use the railroad for tho transit of troops and ammunition. The action of the Admiral has produced an excellent Im pression in all circles. AMERICAN IX COLOMBIAN ARMY.. Captain Ludil Is Placed in Charge of Marines for Gunboat. PANAMA. Oct 14. P. B. Luddj an American who fought in Cuba, as. Captain of the Sixth. Cavalry of Missouri, volun teers, joined the Colombian army today. He is a graduate of the Michigan Mili tary Academy and belongs to one of the best families of St, Louis. General Salazar has put him In charge of the Colombian marines intended for the Bogota, and he has already started drilling them. It Is reported that General Hererra has several German, officers on board the revolutionary gunboat Padilla, acting as gunners. So, It is pointed out here, Americans coming to Colombia with the Government's armed steamer Bogota, for merly the Jessie Banning, which sailed from San Francisco October 7, will have a chance to show their superiority back of the guns against their German rivals. TO BRING PEACE IN HAYTI. Diplomatic Corps Acts on Initiative of American Minister. FORT AU PRINCE. Oct, 14. Acting on the Initiative of United States Minister Powell, the diplomatic corps here has proposed a cessation of hostilities in or der to arrange the preliminaries for peace between the revolutionists and the forces of the provisional government. Boy's Plan to Enter Army Blocked. NEW YORK, Oct, 14. R. G. Leeds, tho son of W. B. Leeds, of the Chicago, Rock Island & Pacific Railroad, arrived at this port today from Panama, where he had ben seized by the American Consul, act ing under instructions. Young Leeds was put on board the steamer which brought him here today. He wanted to be a soldier. Yellow Fever at Guayaquil. GUADAQUIL, Ecuador, Oct, 14. The board, at a meeting yesterday, declared this city to be Infected with yellow fever. There have been many cases lately, chiefly among the Germans. A Jesuit priest named Guerrero, who. was educated In the United States and who had been administering to the sick, died last night of , yellow fever. Evacuated by Revolutionists. PORT AU PRINCE, Oct 14. Troops of the provisional government now occupy Verettes and are menacing St. Marie. Montrosls has been evacuated by the revo lutionists. MACK AY FOR PRESIDENT. I . Son Succeeds Sire as Head of Cable Company. NEW YORK, Oct. 14. The board4 of di rectors of the Commercial Cable Com pany, at a meeting held here today, elected Clarence H. Mackay president of the company, and George G. Ward, chair man of the board of directors and the executive committee. Mr. Ward con tinues to be vice-president and general manager. The policy and management will continue as heretofore. A. B. Chandler continues as chairman of the board of directors of the Postal Telegraph Company and Pacific Postal Telegraph Cable Company. All rumors to the ef fect that a consolidation with any other telegraph company is contemplated are officially denied. Ward Denies Cable Story. NEW YORK, Oct. 14. George G. Ward, vice-president and general manager of the Commercial Cable Company, speaking In reference to a proposed'submarine cablrt from Honolulu to Fanning Island, said: "There is no truth whatever in thi3 re port, so far as we are concerned." RECREATION. If you with to enjoy a day of rest and pleasuie, take the O. R. - N.. train 'from Union depot at 9 A, M. for a short trip up the Columbia, returning, if desired, by boat trorn Cascade Lccks. Tickets and particulars at O. R. & N. ticket office, Third and Washington, Olds, Wottman Special Rtig Bargains THIS Oriental rugs, thidk and soft, in rich, warm tints, impart a cosi ness to interiors these indoor days. Our collection is very hand some and complete and includes every kind of Oriental rug that is worth consideration. Every one has the approval of our rug buyer who has had wide experience in this line and who is thor oughly expert on the subject. It is a pleasure to us to show these rugs and we furnish every aid to customers to thoroughly examine them and determine their genuineness and artistic merit before purchasing. Our prices this week are so greatly reduced you will find it worth your while to supply your needs in this line now. 4 1 EXTRA VALUE AT We have just received 200 hats, beautifully trimmed, which we are offering at our old, original popular price. In addition to their smartness and style, they are made of beautiful and hand some materials, are nicely fin ished and are in such various, trimmings as to furnish some thing pleasing for all tastes, with out bother of ordering or trim ming. See Qur Fifth-st. window. New Maraboat Pompons. Especially pretty, just in. Colors brown, navy and black, q r Price, each sOC This house has the exclusive agency for the H. BENDEL TAI LORED HATS and the CON NELLY TURBANS, the most popular and elegant ready-made street hats. You will find a great variety of them to choose from in our millinery department. CLEVELAND ON ISSUES HE ADVISES DE3IOCRATS TO STAY BY TARIFF REFORM. Ex-President Believes Ilia Party. Has Good Chance Hot Shot About Straying to Bryanlsm. NEW YORK, Oct. 14. To a represents-, tlve of the Evening Post who asked him his views on the outlook- for and tho duty of. the Democracy, in the'jRpproach -ing Congressional elections, ex-President Grover Cleveland said: "It seems to me that If the Democracy is really in earnest It cannot fall largely to increase its representation in the next Congress, but in order to do so I think that there must be a constant and stal wart insistdnce upon the things which are recognized by all to be true Demo cratic doctrines. Of course, by far the most important of these is the tariff re form. On this issue I am satisfied that the Democracy is face to face with a great opportunity. All the signs of the times point to a recognition, far beyond all party lines, of the benefits which would accrue to the people by a readjust ment of the tariff, and it would be worse than folly for the party, under the stress of any temptation or yielding to any al lurement, to permit this to be subordi nated to or overshadowed by any other Issue.- "The present restlessness In Republican circles on this subject, often amounting to protests against Republican protection theories, should warn the Democracy of any impending dangen I mean by this the possibility that our opponents may crowd us from our position on the sub ject if we allow them to do so by our lufcewarmness in defense, and to oc cupy our ground. Just as ws permitted them to crowd us from the ground that belonged to us on the question of sound money. I am very much pleased with the deliverance of the New York Democracy, on the tariff issue, and it was tit and proper that the Empire State should sound the right note. It is my clear con viction that the best assurance of suc cess for the Democracy In the next Na tional campaign will be found in a sin cere and unremitting Insistence upon Its old-time doctrine of a fair and beneficent tariff readjustment. "This Insistence should be from now on. It need hardly be said that success will depend upon presentation of tariff doc trine, not only recognized as truly Demo cratic by those who may be termed vet erans in the party, but also commending itself to the hosts of the younger men of our land. Thousands of these await the opportunity to espouse a cause which must appeal to disinterested love of coun try, and which Is based upon thoughtful regard of all our people and the safety of 283-285 MORRISON STREET More Monte Carlo. Jackets More styles in more ma terials, in the best shades properly priced. The correct followers of fashion now wear the Monte Carlo. ALASKA SEALSKINS OUR SPECIALTY SEND FOR NEW CATALOGUE: WEEK. Sewing Machines No household necessity can be more a source of vexation or satis faction than the sewing machine. If it is light running, sews even and firm, and is not always breaking down, the work that can be accomplished with it and the time and worry saved is marvelous. This is thoroughly understood by us and the sewing machines we have selected fulfill all requirements. They are, in fact, the best in every respect. They are manufactured of the very best ma terials, and possess all the latest improvements, including ball bearings, which make them very light running. We can espe cially recommend our DROP HEAD MACHINES. They are in solid oak and fully warranted for ten years. Price, with com plete set of attachments, extra bobbins, needles, r- rf belt, etc JZn3.UU. New Opeua Glasses Our direct importations from Paris are now displayed. They embrace a beautiful line of the La Maire, Le Fils and Marchaud in white and fancy pearl. Also a great variety of rich white, red, green and blue enamel, inlaid with gold and silver. One of the daintiest things being in white enamel, gold inlaid. Also some fine La Maire glasses with leather covers. the institutions under which we live. To these young men no hope is offered for the realization of their patriotic asplra tlo.ns except through the conscientious en deavors of the Democratic party. "I am at a loss to understand by what process of reasoning the notion has gained a footing in certain Democratic headquarters, not only that no importance -attaches to a Democratic ascendency Jn the next House of Representatives, hut even that it might bo advantageous to party prospects in 1004 for it to continue in its present minority now. Political warfare ought to be regarded ns con tinuous, and if the results battled for are worth having at all, they are worthy of our best efforts at all times, and under all circumstances. Constant vigilance and unrelenting 'Jrcticks are essential to' victors'. Armies are captured by first driving in the outposts. I cannot "believe that the bright prospects of the Democ racy In the present campaign are to be marred by any lack of hard work and strenuous fighting." PERMANENT TARIFF COMMISSION. Roosevelt Will Pronably So Recom mend in His Next Message. MILWAUKEE. Wis.. Oct. 14. Postmaster-General Payne, In an interview today, snid that the forthcoming message of President Roosevelt to Congress would probably recommend that a permanent tariff commission be appointed. "The President's views in regard to the revision of the tariff are substantially the same as these given by Senator Spooner in his speech last night," said Mr. Payne. "He will probably favor a reduction of import duties upon products which no longer need protection. He Is also in clined to favor tho creation of a perman ent tariff comnission which can at all times receive testimony subject to expert ! consideration and the .varying Interests of 1 production and trade, submitting its re ports and recommendations to Congress as other departments of the Govern ment." M'LEOD GETS THE PLACE. Named ! Hnnnn for National Com mitteeman in Montana. HELENA, Mont.. Oct. 14. The Repub- ! llcan central committee received a letter today from Mark Hanna, chairman of the Republican National committee, stating that he had appointed C. H. McLeod. of Missoula, a member of the committee from Montana, in place of the late E. L. Will bo roused to its natural duties and your biliousness, headache and constipation be cured if you take Sold t y all druggists. 25 cents' & King Evening Silks Beautiful in texture, rich and handsome in design and dainty in coloring are the evening silks we are now showing. Brocades in beautiful color blendings, some in 'iridescent effects, the very latest things for lining evening wraps, are now- displayed in one of our Washington-street win dows. Prices per Cf yard, $1.50 to . . . QtUU Bonner. McLeod was named by the state central committee a few weeks ago. Equnl Suflrajrists in Session. TOPEKA, Kan., Oct. 14. The first ses sion of the 19th annual meeting of tho Kansas Equal Suffrage Association opened at Representative Hall today. John McDonald, of the 'Western School Journal, made the address of welcome, which wao responded to by Mrs. Laura M. Johna The principal address today was by Mrs. Carrie Chapman Catt. To night Henry B. Blackwell, of the Boston Woman's Journal, spoke. About 75 ac credited delegates from women's clubs over the state are In attendance. Dlllinprhttm Re-elected Senator. MONTPELIER, Vt., Oct. 14. The Legis lature today re-elected W. P. Dillingham United States Senator. Nominated for Congress. NEW YORK. Oct. 14. George A. Owens, Of the best quality and made up in that exclus ive style for which our house is famous, is one of the richest and most becoming garments that it is possible to wear. It is an economical garment to purchase, as it will last almost a lifetime. of Furs Can be found in our immense stock, which is complete to the slightest detail. Our un rivaled facilities for securing choice skins enable us to give the best possible values for the money expended. Send for handsome ly illustrated cata logue mailed , free to any address. 14 m of Portland 288 MORRISON STREET John P. Plagem&nn. c Manager. IfatttithM afrit iteAWw e I Alaska e I Sealskin ! . All Kinds I ARTISTIC nCTURE fKfliHES MflDC ID ORDER EXTEKT-nedMEKS - BEST MOLDING 8 LOWE ST FRICES 9 JT . : f - JILL THE I Music of On sate today at our Music Department. Jllso 250 copies of "In the Good Old Summer Time." , We are sole Portland agents for La Vida and W. B. CORSETS We call special attention to two new models. Erect form 959 improved. Magnificent for med ium tall and average figures. It is beautiful in its lines. Made of French coutilte. Full gored and bias cut. Erect form 962 is designed for women of heavy physique. It is very heavily boned, reaches far down over the hips and is short from the waist' line up. Made of French serge, W. S. Corsets - $1.00 to $2.50 La Vida Corsets $3.75 to $12.50 , 1 UMBRELLAS $1.19 Worth. every cent of $2.00; made of twilled mer cerized gloria; wilt not crock, split, tear or give out in the frame. Ladies' handles are pearl, princess, Dresden, horn and silver mounted. Men's handles are fine' horn, boxwood, lustrous wood and Congo, all silver mounted. Jllso 200 SILK UMBRELLAS Bargains in gray Special attractions in 0991 Woodard, Clarke OUINTA The "Strenuous Life" of today requires the convenience of a pen which is always ready. No inkstands to upset, no bad pen points to disturb your temper, no paper scratching. WE HAVE THE' LARGEST PACIFIC COAST STOCK OP The "REM EX" Fountain Pens, Special $ .73 The "PENAININK" Fountain Pens, Special.... 1.39 The "PARKER" Fountain Pens, up front...... 2.00 The "WATERMAN" Fountain Pens, up from 2.50 OUR EXPERT IS ALWAYS READY TO EXPLAIN ALL ABOUT YOUR PEN. SUB STATION POSTOF FICE. MONEY ORDERS ISSUED. LETTERS REGISTERED STAMPS SOLD. CANADIAN MONEY RECEIVED AT PAR Burnt Wood Pyrographic Art Brush. Comb and Mirror Sets, dec orated and monogramed. to order. Nut Bowls, Steins. Tabourets. See the latest leather-covered Shaving Papers. CHINESE DECORATIONS. Framed Pictures Large and select assortment of Pas tels. Carbonals, Platlnotypes, Photo .color- - Water Colors, Chlneee Posters. New Line of Gilt Frames, just being displayed. "Woodlark" Cider Preservative: ar rests fermentation in elder and pre serves its sparkle. One package suf ficient for one barrel. 25c postpaid. -SPECIALS ON- POPULAR Guerlaln's Jickey, oz., Piver's Le Trefle, oz. 53c Rickseck er's Ping Pang, oz., 29c 57. Houbi gant's Ideal, oz., 1.32 Wright's Madame Butterfly, oz. 75c Lundborg's VioJet Dew, oz., 39c ALCOHOL STOVES TWENTY VARIETIES. INCLUDING OUR SPIRIT GAS STOVE, THE LAT EST; ALL SPECIAL THIS WEEK, i From 14c to $4.73 each Republican, was today nominated for Congress from the Second New York Dis trict. Railroad Matecu War Preparations. CONSTANTINOPLE, Oct. 14. The Sa-lonlca-Monaetlr Railroad has decided to hold cars In readiness for the transporta tion of troops and military supplies. A detachment of 2250 soldiers left Salonica Sunday for Dedeagatch, a seaport of Eu ropean Turkey. A Bulgarian band has been dispersed near Fiorina, 17 miles from Monastir. Seven of the band were killed. Corrlgnn'n Hone in Chicago. CHICAGO, Oct. 14. Eight carloads of horses belonging to Edward Corrlgan have arrived at the Hawthorne track tti-'tti-rwimti-, turw King Dodo Special $1.75 and white Blankets cotton and down Comforts & Co,, Druggists PRESCRIPTIONS DE LIVERED PROMPTLY BY OUR PRESCRIP TION DELIVERY SERV ICE. Homeopathic Dept. Biochemistry All persons lnterceted in Homeopathy are. Invited to call and examine this NEW FAMILY DOCTOR BOOK. The use of this book reduces the family medicine chest to 12 remedies. Price $1.00 Surgical Instruments Obstetrical Bags 14 to 17-inch seal, with or without bottles, From $3.75 to $7.50 Physicians' Pocket Vial Cases, from $1.25 to $3.50. FEVER THERMOMETERS From $1.00 to $3.50 PERFUMES Piver's Azurea, oz., 53c Darbrook's La Sylva, oz. 31c Le Grand's VIolette du Czar, oz. 80c Baldwin's Queen Bess, oz., ' 20c Delletrez 20th Century Perfumes, oz., 78c Hudnut's Violet Sec Toilet Water reg. $1; now 78c from California. They came 'from Mr. Corrlgan's California etock farm, and are consigned to his new Kentucky stock farm, but will rest up at Hawthorne for a few days. There are 93 of the horses In the consignment, and most of them are brood mares, although the noted stal lion Artillery is In the lot. They stood the trip well, and are In good condition. Strikers Defy the Authorities'. " MONS. Belgium. Oct. 14. A band, of French coal strikers yesterday crossed the Belgian frontier at Qulverain and de fled the authorities, who ordered them to return. The strikers became violent and refused to disperse until forced to do so by the levelled rifles of gendarmes, who threatened to shoot to kill. N PENS