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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Jan. 2, 1903)
IS THE MORNING OREOxONIAN, FRIDAY, JANUARY 2, 1903. TOO BIG FOR PROFIT Shawmut's Expensive Expe rience in Oriental Trade, NEARLY FIVE MONTHS ON ATRIP Unable to Enter Small Tort in the Orient Great Size Cause Delay i in Loading and Un loading: The timid people who have been led to believe that the mammoth 30,000-ton stoamships which Mr. Hill is building for the Oriental trade would put all of the smaller craft out of business, will prob ably revise tholr opinions, now that Mr. Hill has been experimenting with some vessels only half as large. The expensive experience of the Boston Steamship Com pany with the maiden voyage of the Shawmut on the Oriental route out of Seattle has caused some of the best-posted shipping men on the Pacific Coast to ven ture the opinion that Mr. Hill's record- breaking liners will not reach Seattle for many a year, In fact, may never ply In the trade for which they were built. The experimental voyage of the Shawmut has also substantiated the belief that wher ever there is business generating in a port, steamers of a size to fit the port can be operated at a profit, while abnor mally large ones In the same trade will show a loss. The Shawmut arrived In Seattle July 22 and commenced loading outward a day later for the Orient. She sailed from Seat tle for Tacoma July 25, and at the lattor pert received the greater part of the cargo. Most of this cargo was lumber from Ballard, a port which the Shawmut could not enter on account of her great size. She also received contributions from other Puget Sound ports, and some heavy consignments of flour from Portland, be fore she Anally filled all of the fipace on , board. Xatumlly, considerable time was lost In securing cargo for such a big ship, and it was August 22 before she sailed for Tacoma. She called at Seattle the same day, and proceeded to sea that night. Being nothing but an overgrown freighter, she made a slow trip across the Pacific, reaching Yokohama September 12. She had only a small amount of freight for .that port, and proceeded to Shanghai, arriving there September 20. Her big consignment of lumber was near ly all for Shanghai, and owing to the great size of the vessel she was unable to reach the docks, but instead was forced to an chor In the stream and discharge her lum ber cargo on lighters. This was slow work for a steamship in which over a million good Boston dollars were Invested, and It was October 13 be fore she weighed anchor for Hong Kong. .This port, which was the Oriental termi nus of the line, was reached October 18, and by shifting from dock to dock and losing a great amount of time, she finally succeeded In getting rid of all of her out ward cargo except a small consignment for Manila. She also loaded a small amount of freight for this coast, and on November S headed for home by way of Manila. Having but a small amount of freight to discharge or load, she did not meet with much delay In the Philippines, and on November 22 had worked back up to Yokohama, where she took final de parture from the Orient November 23. She made a better run coming this way, and arrived at Seattle December S, exactly 139 days after she commenced loading for the outward voyage. She brought about 2500 tons of Inward cargo, and three days after her arrival was again ready to load, her actual time for the round trip, including loading for the outward and unloading from the Inward trip being 142 days. The Shawmut is one of the largest American steamers afloat. She cost over 51,000,000, and the expense of operating her Is In keeping with her size and cost. Her dally running expenses are said to be M50, exclusive of insurance, depreciation and Interest on the money Invested. De preciation on a steamship is never fig ured at less than 5 per cent, and the own ers must accordingly write of $137 per day for this item. Insurance at 4 per cent, which is a low rate, adds another $109 per day to the expense. The interest dh 51.000.000 is worth considerable per day. even at a low rate, but so many Boston investments in the "West have failed to return any Interest that this Item is not considered at this time. Taking the oth ers running expenses, insurance and de nreclation. and the actual cost of the maiden trip of the Shawmut from Seat tle to the Orient and return was t3S,sis. On her outward trip she carried a record. breaking cargo of 13.000 tons of freight. and on the return trip brought about 2500 tons, a total for the round trip of 15,500 tons. This at a ?5 rate produced returns of 577,500, leaving a deficit of 521.31S for the trip. This is all of the deficit that is appar ent on the face of the statement, but there are other sources of loss, the de tails of which are not so easily obtainable. The Shawmut carried considerable freight from Portland on which the local rate of $1 50 to Tacoma was absorbed. Out of her earnings must also come office and salary expenses for a large force of men on both sides of the Pacific, pilotage In half a dozen ports, advertising, and nu merous other expenses. "Were It possible to get at the exact figures. Including the Interest on the money Invested at a very low rate, It would undoubtedly be shown that the Boston Steamship Company lost fully $40,000 on the first trip of their big steamer In the trade where she was ex pected to cut such a wide swath. Every disadvantage suffered by the Shawmut on account of her great size would be Intensified in the case of the big steamers' which Mr. Hill is building osten- - sibly for. the Oriental trade, and It is the general belief among shipping men that the astute Mr. Hill will never try the ex periment of placing any larger steamers on the route than, can be handled to ad vantage at other ports besides the big terminals on each side of the Pacific. It S is argued that If his intention to place his big steamers on this route had been a certainty, he would never have permitted another company to enter the field. It is believed that in securing the Boston Steamship Company for the experiment ' he was merely "trying it on the dog," and up to date he can hardly be pleased -with the result The Shawmut is now outward bound again, and on her second trip got away with less than three weeks' delay at the two ports. Seattle, and Ta coma. Her second effort will be watched with interest, and while it is hardly within the range of possibility for her to make more than actual running expenses, she may make a little better showing than was made on the first trip. It will, how ever, require quite an Improvement in the running time to offset the reduction in the s freight rate which has since been made on Government freight to Manila. The owners of the Shawmut have cut the rate from 55 per ton to 54 25, and It Is more expensive carrying freight to Ma nila than to Japan and China ports. There is also a strong probability that shippers who have freight for every steamer and offer Jt without any speci fications and red tape such as accom panies Government freight will insist on being granted the same rate as is paid by the Government A 54 25 rate on a full cargo of the Shawmut would net her own ers nearly 510,000 less than the rate they received on the maiden trip of the vessel, when she showed a loss of from 520,000 to 540.000. Portland supplies more business for an Oriental line than is supplied by any other port in the Northwest, and v.ith the proper number of steamers about hilf the size of the Shawmut, will enable own ers to show a profit where abnormally large steamers can show only logs. COALMINERS' EARNINGS. Statistic For Strike Commission From Lnckniraunn Company. SCRANTON, Pa.. Jan. 1. Statistics on hours and wages of employes for 1101 have been forwarded to the Anthracite Coal Strike Commission by' the Delaware. Lackawanna & "Western Company. Among the items of the summary ire these: Number of collieries, 19. Number of employes, 11.292. Average earnings of miners, 502S 93. Average earnings of laborers, ?33 72. Percentage of cars docked, 2. Average number of 10-hour days the breakers worked, 203. Average number of days breaker start ed. 2C0. Average number of hours breaker worked per day, 7 S-10. Average number of hours contract min ers worked per 10-hour day. 0:53. Number of company hands. 29SC. Average earnings of company hands, ! 5514 93. i LAST ONLY SURVIVING MEMBERS OF THIS OXCE FAMOUS TRIBE OF RED MEN. GRANT'S PASS. Or.. Jan. 1. (Special.) The accompanying Illustration shows tho las and few remaining members of the Rogue River tribe of Indians the tribe that' matched their barbarous forces against the pioneer troops In Southern Oregon dur ing 1S55-5C. These last-remaining members are John Bradford and his family. To his left sits his squaw, to his rlrht his squaw's mother and slater. John's home is al the mouth or near the mouth of Rogue River. He and his family spend their Summers at Newport, where they sell baskets to the pleasure-seekers. John and the members of his family are of unqertaln age. According to his own calculation he Is upwards of 00, his squaw Is considerable youncer, while her mother Is even more aged and wrinkled than the veteran John. He can recite many tales of the bloody and pioneer days of the '50s, when the red men looked with anger and disdain upon the encroachment of the whites. He claims to have been a member of Chief John's trusty band of braves. Chief John was tho great chief and tho acknowledged leader of all the Rogue River tribes, though his own band ot warriors never numbered more than CO. In all the bloody battles of 1S55-SG Chief John was the leading spirit of the red men. He was the last to surrender, and not until he was made Drlsoner did hostilities cease. John Bradford Is an Intelligent Indian and can converse entertainingly of the early wars and the struggles between the Indians and the whites during the pioneer days of Southern Oregon. Average earnings of boys, 5201 10. Average earnings of all employes, 5432 G3. EVERYBODY IIAS TO WALK. Rochester Carriage-Drivers Strike and Delay Many Fnnernla. NEW YORK, Jan. L Owing to a strike of the carriage-drivers of Rochester, N. Y., nearly all persons who attended the numerous receptions and other entertain ments given in that city on New Year's eve were obliged to walk, eays a dis patch to the Times. Anticipating vio lence, the police reserves were ordered out early. A few carriages were permit ted to take fares without Interference. Several funerals must be postponed on account of the strike. STRIKE ON DETROIT SOUTHERN. Cuts Off Supply of Coal From Six Jackson Mines. SPRINGFIELD. O.. Jan. L Superin tendent J. C. Gleason, of the Detroit Southern, was called from this city to Jackson today to confer with the conduct ors and brakemen of the Horse Creek division, who, as a result of a demand made one month ago for an Increase from 52 50 to 53. went on strike this morning. As a result the coal fields of this road are tied up, but it is 'expected a compro mise will be effected tomorrow afternoon. In this district are'the six large Jackson mines. ELECTRICAL WORKERS STRIKE. Demand Increase of Wages nnd Some Finns Give It, 1 INDIANAPOLIS, Ind., Jan. 1. All the electrical workers In this city are on a strike. They demand an Increase from 32& to 40 cents an hour. A meeting was neia tnis arternoon Dotween employers wi u. pusi purucipie inaicauvc ot super and employes, at which an attempt was j natural wrath. made to reach a final settlement Four Professor Dana brought Bowen's frank firms have already agreed to the Increase , remark to the attention of the faculty. until a scale is arranged satisfactory to all. In the meantime all the strikers "will remain idle until all the employers agree to a uniform scale. CarrlaRC-Workcrs Strike for More. AMESBURY, Mass., Jan. L Acting upon Instructions given by their union last night, 600 carriage-workers began a strike here today. As a result of the action, the principal industry of the town Is badly crippled. The strikers some months ago demanded a nine-hour day, with an increase of wages amounting to 12 per cent of the present schedule, but j me manuiaciurers reiusca to accede. PRINCE MAY VISIT BOSTON Heir to British Throne May Accom pnny Earl Roberts. BOSTON, Jan. L Earl Roberts will bo the guest of the Ancient and Honorable Artillery Company of Boston next Sep- tember. This announcement was made by Captain Otys, the commander, tonight He also says the Prince of Wiles and his uncle, the Duke of Connaught, may come, accompanied by the Earl of Denbigh, Lieutenant-Colonel of the Honorable Ar tillery Company of London. Plans for Teachers Convention. BOSTON, Jan. 1. Department presi dents of the National Educational Asso ciation met tonight to discuss the methods of conducting the National convention, of ! niati f ,. vm i -d. 6-10. A proposition to have papers occupy 20 minutes, with discussion following, and speeches limited to five or seven minutes. was approved. Fifteen of the IS prS dents of departments were present ITuSINESS ITEMS. If Baby Is Catting Teeth, Be sure and use.tcat old and wrZI-triefi remedj. Mrs. "WlnslowV Soothing Syrup, for children teething. It soothes the child, -wrten the sums, allays all pi In. cures wind colic and diarrhoea. Those unhappy persons who suffer from nervousness and dyspepsia should use Car ter's Little Nerve Pills, made expresly for this class. WAS A RIOTOUS STUDENT MINISTER BOWE.V HAD A T131E IS COLLEGE. HARD The Man of the Honr in Venezuela Has Led a Strcnuons Life HI History. Horbert "W. Bowen, the Minister from j this country to Venezuela, who is play- mg 8ucn a prominent part in me present : i imbroglio with Great Britain and Ger- many. Is much more of a strenuous per- J sonality than tne worm at large Knows, i J says the Philadelphia North American. Bowen was virtually put out of Yale College 2o years ago necause ne snow balled one of the professors. fcThe story has not been told in print before this, and it Is worth reading. Bowen was not a docile student at any time. He was fond of having his own way, and as he was afraid of nothing, he l usually managed to arrange matters pretty much as he would have them. For him the faculty had- no terrors. If he did OF THE ROGUE RIVER INDIANS not like or had no respect for an Instruc tor, he never hesitated to show his feel ings. Indeed, he seemed to have a natu ral repugnance to authority. He was, during his college days, as he has showed himself to be since, an hon est, frank and manly man. It is not re called that he took a high rank in his studies, nor did he shine in athletics. He was, however, an accurate shot with snowballs. Thoso who know him best are not 'surprised athls success in diplomacy a success which he has won, not because he Is diplomatic, but because he Is hon est straightforward and courageous. His self-reliance is unbounded. Merrill Moores, Assistant Attorney-General of Indiana, Is very well acquainted with the college life of Mr. Bowen. They were in the same class '78. "W. A. Van Buren, of Indianapolis, was also of the Yale class of '7S. Moores may very well know something of Bowen's college life, for he was engaged with him In many a college prank. Bowen's War With Professor. Moores probably recalls as clearly as anybody, except Professor Edward S. Dana and Bowen, just why Bowen called Dana a liar. Bowen's refusal to apologize for speaking his mind to the professor caused the prescnf Minister to leave Yale without a degree, although he had finished his senior year and passed the examina tions. One night the beautiful marble hall of the select Yale society. Scroll and Keys, was daubed with black paint Bowen was arrested and tried in the Police Court Professor Dana was the chief prosecuting witness. He was a member of the Keys, and swore that ho saw Bowen engaged in tho painting. After the trial was over, Bowen, being acquitted, called Professor Dana a liar, and it is Mr. Moores recollection that the j Venezuelan diplomat emphasized "liar" : iiowen was asked to apologize. He re fused. His degree was withheld, and Is still withheld. Moores was editor of the Yale Dally News, and when the trial of Bowen was called in the Police Court the editor oc cupied a front seat and had an abundance of paper and pencils to record the momen tous details. It was brought out that the black paint used to daub the Scroll and Keys hall came from Moores' room, and it looked for a time as if Moores was an accessory before the fact, but he says it was shown that he had nothing whatever to do with it "How came you to have paint in your room?". Moores was asked. "We had It to paint signs with. It was the end of the senior year, and we were soiling our furniture." ?,n T? Bo - - en In the trial. He says the professor mls- i took the miscreant for Bowen. j "The professor really believed that J Bowen did it. and Bowen really believed i that the professor ' was a liar," say Mr. ' Moores. "I am satisfied that Bowen did not do it" The select Scroll and Keys Society aroused much enmity and all sorts of pranks wore played. Moores and Bowen used to stretch wires across the walks or remove stones to trip the members when they marched out of their little marble ("palace every Thursday midnight Coniplninecl of Bowen' Music. Bowen had ah Intense dislike for Pro fessor Dana, probably because the pro- I it-asur ruuiucu iu samara .nan, ana ften mplalned of Bowen's continuous ' SlY1",,? 11 Ae.n J," , , 4 n i2,me !nf lrs pl?ylns' Chopi,n J'as i Chopin. One night Bowen slipped up behind Pro fessor Dana and stole his silk hat off his head. Bowen carried It on? triumphantly to nl3 joom and hung It up as a trophy. Bowen once quarreled with his father, Moorca relates, because ' the father thought him extravagant His father withdrew support and ordered him to leave college. "Bowen said, 'damned If he'd leave,' and he didn't Bowen sold or pawned all his clothes and bric-a-brac except his un derwear, a pair of trousers and an ulster. He buttoned his ulster to the top to cover his underwear, rfnd In this dress he went to his classes. At the end of the year his father relented. How he ever got through the year Is difficult to understand. He had a fine collection of bric-a-brac, that brought him In a good sum. He didn't sell his piano, though. "Bowen was as bright a man as there was In the class, but he stood near the bottom. He Just managed to pass his ex aminations without conditions. He de voted his time to music, languages and fun. He was already a fine linguist when he entered Yale. He had been nrenared fQr college Dartlv In France, where he studied the modern languages and music. J ne was the most eccentric man 1 ever knew. He always went off on some new shoot He was not friendly with many of the class. They did not understand him." Classmates Who Are Famous. In Bowen's class were Baron TaJIrl, Minister of Finance of Japan, who intro duced the gold standard in Japan; Gov ernor Allen, of Porto Rico; Governor Taft, of the Philippines, and John Addi son Porter, private secretary under Presi dent McKlnley. At the last five-year reunion of the class of '"S, held in 1S9S. TV. A. Van Buren relates that Porter told a story of Bow- en's bravery when stationed at Barcelona at the outbreak of the Spanish-American trouble. Porter, being tho President's pri vate secretary, was In a position to learn what Bowen did when a Spanish mob of 3000 gathered In front of the Consulate. Bowen waited out on the balcony and faced the hooting Spaniards. After look ing defiance at them he walked back into his apartments, sat down at his piano and played a tune of the Yale class of "78. Van Buren tells another. It was in Bowen's sophomore year, the yoar of the Odd Fellows' riot Bowen had a pen chant for getting into all sorts of trouble. The Odd Fellows were drilling one day, when the Yale boys drew near and watched them. Soon the college boys gave orders additional to those given by the captalrii Confusion resulted. Just then a loaded coal wagon came along. The driver thought the boys were .hooting at him Instead of the Odd Fel lows. He began slashing his whip In the crowd. He jumped off his wagon to slash them. Bowen jumped on his wagon and dumped the coal on the ground. The Odd Fellows charsed the boys with drawn swords. The boys rushed behind build ings. There was a great scramble, and after It was over and every thin:: had quieted down. Van BuTen says, there was an Odd Fellow sword on the wall of Bowen's room. ,Van Buren says Bowen was the tallest man in college, except one, and always wore a silk hat The tallest man was Bexter, a professor, whom the boys called "Dclk," from Greek "DelknumI," mean ing to point out. Bexter once drilled the boys an entire lesson on this Greek verb, and they gave him the name, "Dclk." Bowon had It In for "Delk," too. He pelted him with snowballs one day, and at the end of the term he found 510 In finco was assessed against him. The pen alty for throwing one snowball was $L In the Vlncennlal Record, class of 3S7S, Yale University, published In 1SSS, ap pears -the following brief account of Bowen's life by himself: Story of Hid Life. "Herbert Wolcott Bowen, son of Henry C. and Lucy (Tappan) Bowen, was born at Brooklyn, N. Y.. February 29, 1S56. He fitted at the Brooklyn Polytechnic Instl tute. He graduated from Columbia Col lege Law School in 1SS1, with the degree of LL. B. cum laude. Before this he had made a lonz trip abroad. He resided In New York . until he was appointed. March , 1S50, Consul at Barcelona. He Is a Republican: ho was appointed Con sul-General by President Cleveland, Feb ruary S, 1S95. "He has written a book of poems, 'In Divers Tones' (19S10. a books of sonnets. i GenerHaxrano' ffiSo. published by Cu pies & Co.. Boston, and a book. 'Inter national Law' (ISM), published by G. P. Putnam's Sens, New York. He is a mem ber of tho Anteno (the principal club of Barcelona), and the Royal Yacht Club, Since 1SS3 he has passed two months every year traveling, principally in France, Spain, England and Switzerland. He married February 2G at New York. MIfs Augusta Floyd, daughter of George and Augusta (FloydJ Vingcrt" Professor Dana Is still at Yale. He Is professor of physics and curator of the tnlncralnglcal collection. He Is a son of the noted geologist Merrill Moores thinks Bowen will never apologize. It Is Moores' belief that the student that daubed the black paint Is now dead. Postnl Business of New York. NEW YORK, Jan. 1. Postmaoter Van cott Is highly pleaeed by the figures of the business of the New lork postofnee for the year 1902. The total receipts for stamps, box rents, etc., wao 512,425.795. The same sources in 1901 yielded a revenue ot 5U.102.921. The profit to the Government In the year was 5S.021.764. or 51.029,974 more than In 1901. Tho quarterly increaso amounted to 11 per cent Louisiana Board for St. Lonln. ST. LOUIS, Jan. 1. President Francls: of the Louisiana Purchase Exposition, to night received a telegram from Baton Rouge. La., that Governor Heard had -appointed F. G. Lee, Charles Schuler, H. F. Gueydan and Edle Root as commission ers to the "World's Fair, under the recent act of the Legislature authorizing an ap propriation of 5100.COO. They will elect an active commissioner, who will have per sonal charge of the work. The commis sioners will meet and organize on Janu ary 6. ANOTHER ALLEGED REPLY Which Falls, However, to Shotv How Banks Trnflt From Panics. ASTORIA. Dec. 29. (To the Editor.) The Oregonlan of the 2-uh came out with the following chip on its shoulder, and a challenge to any of the parties named to knock It off: "We are waiting patiently for Milt Miller, H, B. Nicholas. "W. Hampton Smith. J. B. Eleglcr . or some other ot our voluminous publicists . hereabouts to tear the mask of Insincerity from the iew York bankers' pool of 530,000,000 In aid of the money market. The otherwise staid Orcgoniin has been perpetrating some huge jokes lately, and it becomes a question whether an accept ance of the challenge would be agreeable to It or whether a reply would find place in Its columns. If made. To those who ate posted on the question raised the appear ance Is that The Oregonlan doesn't know Just where It is at Supposing It to be sincere, one of the parties named will es say to make answer, hoping that some of the facts will fall In good ground and bear fruit Tho points Involved are of universal Interest. Will The Oregonlin permit me to defend? I have seen no unfavorable criticism on the 55O.0CO.000 syndicate organized to stave off a financial panic. On the contrary, every one ought to feel glad that there 13 a. 550.000,000 power to stand between tho people and a very great danger along financial lines, but to thoso who are fa miliar with the finances of the land the proposition Is not so roseate as might be or as appears on the face. That there is a necessity for such a relief cannot be disputed, or It would not hive been or ganized. All must feel regret at this con dition of things. It Is difficult, however, to see where the money Is to come from to make the 550,000,000 available In a way to help the masses.- It Is probable, yea, most certain, that It is an I. O. U. issue for use among those who by mutual agreement are willing to take It as money. Accord ing to the bank statements of New York of the ICth and 20th of this month, such an amount of money Is nowhere In sight Tho report of the 13th, which Is practically the same as that ot the 20th, shows but 5S.000.003 (In round numbers) surplus that Is available, for the trade reserve of 521S,- 000,000, in round numbers, in lawful money Is tied up by law to meet the claims of depositors. However. If this syndicate has the United States bonds to the amount of 550,000.000 It can deposit them with the Treasurer, and Uncle Sam can set his big printing presses to work and strike it off by the million per day, and all our good Uncle Sam asks them for this paper t Is one-half of 1 per cent per annum. We certainly ought not to have hard tlme3 with such facilities as these to create money: besides, it is "sound money," and not like- the detested greenbacks and sil ver dollars. If the syndicate docs not have the bonds to deposit to get the bink notes, the new finance bills before Con gress authorize the Treasurer to Issue in additional 50 per cent or thereabouts In excess of the face value of bonds already In soak for their face value. Why, the making of plenty of good, sound money by running the printing presses Is just as easy! The syndicate ought to be able to raise In this way that amount of money and save the country from financial dis tress. The only thing that looks unfair about It Is that the syndicate gets Its dollars for the paying of the printer's bill, whllo we poor devils have to pay 100 cents cn the dollar for them, besides bonus and brokerage, hut that is a small affair, when by so doing we can keep possession of our farms a year or so longer. It is the Im perative duty of these great banks and syndicates to stand up like men and bear these heavy burdens In the Interests of their fellowmcn. They should shirk no duty, no sacrifice, for the good of hu manity. In his annual ddrcss at New Orleans, some weeks ago, President Garrlck, of tho National Bankers' Association, said that business had so Increased as to make the supply of money greatly inadequate to transact the business and meet the de mands of the people, .and that the supply must be radically, increased at once. I really thought it was Bryan till I turned to the heading. The only difference seemed to be that Bryan desired to In crease the supply with silver dollars un bound silver dollars while the president cf the National Banking Association de sired to increase the supply by means of the printing, press and hot air, a much cheaper method. Another of the speak ers (I think It was Fowler) remarked that the country was rapidly going to tho bow wows; that foreign nations had us by the ear to the tunc of 5300,000,000 and would make it hot for the Nation unless the whble matter of finance was turned over to the banks, with full power to Issue notes In quantities to suit on any old assets. It looked somewhat funny to me, and I think It must have to The Ore gonlan, for at the same time the Secre tary of the Treasury had deposited with the banks over 5150,000.000 of the people's money, without Interest, to keep them from going to tho wall. Besides this, the teserves held against It were released. In terest was anticipated for nearly a year ahead, bonds were bought at excessive premiums, all to save the banks from ruin. - Another of the bankers thought that to save the Nation from bankruptcy the bankers should be given a free hand and allowed to charge what Interest they saw fit, and In this way, when a financial cri sis threatened, they could check It by raising the interest to prevent specula tlon. Great head that! The bankers nnd syndicates should certainly have the grat itude of the Nation for being willing to stand under such a load for the good of the people. Mr. Editor, these are no creams. They were all printed In The Oregonlan at the time, and mucn more, and if the people. Including the editor. would only read it (The Oregonlan) more and study these questions they would be better posted on what Is going on and be prepared to enjoy the blessings of these great financial philanthropists. You see. Mr. Editor, that you have wrongly charged at least one of the names con tained In your chip. I say, all hall to the syndicate that has so many different re sources from which to raise Its 550,000.000, all "sound money"! This same syndicate, In Its enlarged sense, has nearly 540O.O01), 000, printing press money the soundest in the world afloat in the United States, for which they pay one-half of 1 per cent in terest to Uncle Sam for guaranteeing their payment in case it doe3 not A man the other day was so ungenerous as to say that it was fiat money and that no man was bound to take It. I fear he was an anarchist or a copperhead. Now, Mr. Editor, as you were so un kind and Inconsiderate as to punch me out of the hole to which I had temporarily re tired from the vexing finance question, de mandlng a reason for my reticence, chal lenglng me to speak, I speak to show you that I am not unmindful cf the great blessings showered upon us by these sac rificing syndicates, that endure the bur den3 of furnishing this great people with money. W. HAMPTON SMITH. French FInhcry Treaty Esplre. ST. JOHN'S, N. F.r Jan. 1. The annual French-British modus vivendl governing the prosecution of the -lobster fishing In dustry on the French 3hore of Newfound land, expired yesterday. The colonial government has agreed to renew this agreement for the present year. In order to avoid complications during the consld cratlon of the Bond-Hay treaty in Wash ington ' and London, but It Is believed nere that Great Britain will arrange some settlement of the ma'tter with France during the present season. NOBODY IS EXEMPT. A Sew Preparation which Everyone Will Xeed Sooner or Later. Almost everybody's digestion is disor dered more or les3. and the commonest thing they do for it Is to take some one of the many so-called blood purifiers. Which In many cases are merely strong cathar tics. Such things are not needed. If the organs are In a clogged condition, they need only a little help, and they will right themselves. Cathartics Irritate the sens itive linings of the stomach and bowels, and often do more harm than good. Purging Is not what Is needed. The thing to do is to put the xood In condition to be readily digested and assimilated. Stuart's Dyspepsia Tablets do this per fectly. They partly digest what Is eaten and slve the stomach just the help it needs. They stimulate the secretion and excretion of the digestive fluids and re- neve the congested condition of the glands antj membranes. They put the whole dl- gcstlve system in condition to do its work. When that is done you need take no more tablets, unless you cat what does not agree with you. Then take one or two tablets give them needed help, and you will have no trouble. It's a common sense medicine and a common sense treatment, and It will cure every time. Not only cure the disease, but cure the cause. Goes bout It In a perfectly sensible and scientific way. We have testimonials enough to fill a book, but we don't publish many ot them. However, Mrs. E. M. Faith, of Byrd's Creek. Wis., says: "I have taken all the Tablets I got of you, and they have done their work well In my case, for I feel like a different per son altogether. I don't doubt if I had not got them I should have been at rest by this time." H. E. Wlllard, Onslow. Ia.. says: "Mr. White, of Canton, was telling me of your Dyspepsia Tablets curing him of Dyspep sia, from which he suffered for eight years. As I am a sufferer myself, I wish you to send mo a package by return mall." Phil Brooks. Detroit. Mich., says: "Your Dyspepsia, cure has worked won ders In my case. I suffered for years from dyspepsia, but am now entirely cured, and enjoy life as I never have be fore. I gladly recommend them." It will cost 50c to find out Just how much Stuart's Dyspepsia Tablets will help you. Try them that's the best way to decide. For Internal nnd External fixe. Cures and Prevents Colds. Coujjhs. Sore Throat. Influenza, Bronchitis, Pneumonia, Swelling of the Joints, Lumbago, inflamma tions, Itceumatism. JNeurau-sa. Headacne, Toothache. Asthma, Difficult Breathing. Ilodvvay a iteaay Keller is a sure cure ror Every Pain. Sprains, Bruises, Pains In the Back. Chest or Limbs. It wan the First and Is the Only PAIN REMEDY that instantly stops the most excruciating pains, allays inftamrsa tlon, and cures Congestions, whether of the Lungs. Stomach. Bowels, or other gland3 or organs by one application. A hair to a tcaapooniui in nan a cumoicr or water will in a few minutes cure Cramps. Spasms, Sour Stomach. Heartburn. Nervous ness, Sleeplessness, Sick Headache, Diarrhoea. Dysentery, colic, iiatuiency ana an internal pains. There is not a remedial agent in jne wona that will euro Tcvcr and Ague and all other malarious. Bilious and other Fevers, aided by ItADWAY'S PILLS, so quickly as RADWAY'S HEADY RELIEF. lliTl 11U1 TLE. SOLD BY DRUGGISTS. RAD WAY & CO.. 55 Elm Street. 2ew York. After Mental Exer tion No Rest. Nervous, Irritable and Wretched. Dr. Miles' Nervine Saved My Life. There is little joy in living when the dis ordered nerves prevent sleep and rest; when one wakes from a restless night more tired than the night before; when one is forced to draff through the round of daily duties with out energy, ambition or interest. This con dition is due to a derangement of the nerves which may be speedily regulated and strengthened by Dr. Miles' Restorative Nervine. This remarkable medicine has a wonderful record of cures. Supplying as it docs the exact element needed Tor the res toration of the nerve force and vitality, its good effects are felt after the first few doses. T have used your remedies myself and in my family for the past seven years and it is not too much to say that they saved my life. The tired feeling I used to nave after giving a few music lessons has left me entirely and instead of lying in bed three or four hours trying to get sleep and then getting up and walking the floor until morning, I can now go to bed and s'.eep eight, ten and twelve nours without any trouble hen I think of my former nervous, wretched, irritable state I want to tell everyone what Dr. Miles' Nervine has done for me. I can-do as much work now in a day as 1 used to take a week to accomplish. 1 think Dr. Miles' Nervine is the best remedy for nervousness and gen eral debility on earth." L. D. Edwards, Prof, of Music, Preston, Idaho. All druggists sell and guarantee first bot tle Dr. Miles' Remedies. Send for free book on Nervous and Heart Diseases. Address Dr. Miles Medical Co., Elkhart, Ind. ISflCIK Psrtla ri't SstclHe Cites Isnedlatt Relief URBANA. III.. Oct. 20. 1002. Dr. Perrln. Helena. Mont. Dear Sir: I have been trying through the druggists here to obtain another bottle of your rpeclfle. as I have been a suf ferer from them off and on for feme years. I saw the ads. la the P-I. of Seattle. Wash., some time In May last. At that time I was 100 miles north of Seattle, so I went down to Se attle and found It. 1 have used It up and have been trying to get more. It has helred me very much, more so than anything I have ever used, and I have seen very anxious to use another bottle. Yours respectfully. H. R CH VPT,Er MLB SPECIFIC J EVERYBODY DELIGHTED. Xcwbro'it Ilerplclde Destroy the DnnrtrulT Germ Permanently and Cures Baldness. Quinine and rum and a whole lot of other things, are pleasant to rub on the scalp after washing it free of dandruff, but not one preparation of the general run cures dandruff ard falling hair. It Is nec essary to kill that germ, and to be perma nently cured of dandruff, and to stop fall ing hair. Ncwbro's Herplclde will posi tively destroy that. germ, so that there can be no more dandruff, and 30 that the hair will grow luxuriantly. "Destroy the cause and you remove the "effect." For sale by all druggists. Send'10 cents in stamps for sample to The Kerpicide Co., Detroit, Mich, THE PALATIAL OHM BUILDING Sot a rtnrlc olllce In tlie bnlldlnj nli.Holntely fireproof; electric llghtl ami nrtcxinn water; perfect anlti tlon and thorough, ventilation; el vators run day and nislit. Roon AINSLEE. DR. GEORGE. Physician... 413-41 ANDERSON. GUSTAV. Attomey-at-Law..CI ASSOCIATED PRESS: E. L. Powell. Msr..Sl ATJSTEN. F. C. Manager for Oregon and Washington Rankers Life Association ot Des Moines. Ia 302-31 BAKER. G. EVERT. Attorney-at-.Law t BANKERS LIFE ASSOCIATION OF DES MOINES. IA.: F. C. Austen. Mgr 502-31 BENJAMIN. IX. W.. Dentist 31 BEItNARD. G.. Cashier Pacific Mercantile Co, BINSWANGER. OTTO S.. Physician and Surceon 40.-41 BROCK. WILBUR F.. Circulator Orego nlan BROWN. MYRA. M. D 212 BRTJERE. DR. G. E.. Physician... 412-413- CAMFBELL. WM. M.. Modlcal Referee Equitable Life CANNING. M. J 002-ti CARD WELL. DR. J. R.. Dentist CAUKIN. G. E.. District Agent Travelers Insurance Company CHICAGO ARTIFICIAL LIMB CO.; W. T. Dickson. Manager CHURCHILL. MRS. E. J 71C-1 COFFEY. DR. R. C Surgeon 403- COLUMBIA TELEPHONE COMPANY GO4-G05-C0C-613-C14- CORNEHUS. a W.. Phys. and Surgeon... COLLIER, P. F.. Publisher; S. P. McGulre. Manager COX. RALSTON. Manager American Guar anty Co., of Chicago CROW. C. P.. Timber and Mines...., DAY. J. G. & I. N DICKSON. DR. J. F.. Physician 713-1 EDITORIAL ROOMS Eighth i'U EVENING TELEGRAM 323 Alder SW EQUITABLE LIFE ASSURANCE SO-1 CIETY: L. Samuet, Mgr.: G. S. Smith. I Cashier FENTON. J. D.. Physician and Surg.. ..3011 FENTON. DR. HICKS C. Eye and Ear.. FENTON. MATTHEW F. Dtrntlat GALVANI. W. H.. Engineer and Draughcs-I man . .... GEARY.' DR. JS. P.. Phys?' and Surgeon... GIESY. A. J.. Physician and Surgeon.. 7004 GILBERT. DR. J. ALLEN. Physician... 4ol GOLDMAN. WILLIAM. Manuger ManhaM tan Life lr.s. Co.. of New York 2ual GRANT. FRANK S., Attorney-st-Law.. URlsWULD it PiIEGLEY. Tal.jrs , Ut Sixth Stl HAMMAM BATHS. Turkish and Ruaalaa. ' oOO-wUll HAMMOND. A. B HOLLISTER, DR. O. C.. Physician and Surgeon 3H IDLEMAN. C. M., Attorney-at-Law.. 410-11 JEfKrtEid. DR. ANN ICE F.. Phys. Surgeon Women and Children only... JOHNSON. W. C 315-31L KAO l , MARK T.. Supervisor ot Agents! Mutual Reserve Life Ins. Co Ll'i'ia.EFlELD. H. R., Phys. and Surg. MACKAY. DR. A. E.. Phya. and Surg.ilJ MANHATTAN LIFE LNSURAisCE CO. OF NEW YORK: W. Goldman, Mgr MARSH. DR. R. J., Phys. and Surg.... McCOY. NEWTON. Attorney-at-Law McELltOY. DR. I. G.. Phy. & Sur.70l-7ui McFADEN. MISS IDA E.. Stenographer. J McGINN, HENRY E., Attornoy-at-Law..3J McULlRE. S. P.. Manager x. F. Collier Publisher McKENZIE, DR. P. L., Phya. and Surg. .5 j METT, HENRY MiLLER. DR. HERBERT C. Dentist an! Oral Surgeon - MObaMA.N, DR. E. P., Dentist 511 AIL. i LAL REaERVE Hr'JS INS. COJ Mark T. Kady, Supervisor of Agenta..OO NICHOLAS. HORACE it.. Atlorney-at-Lav N1LS.&. -.1. M c"iu.nler Alannaitan LI I Insurance Company or New Xcrlc 1 NOViAuE. DR. U. H., Dentist uLaEN J. K., General Manager Paclf Mercantile Co 211-211 Oj.EooN CAMERA CLUit 214-J13-UI ui..uO-N i.sru.MARl' OF OblKUPAiHI OREwoNlAN BARBER SHOP; ilarsch ucorge. I'roprieiora ...lu aixtn U1..uU.Ma.N EDUCATIONAL BLKEAl J. K. airauhal. Manuger PACIFIC MEr.CAN'lil-i CO.; J. F. Olsel General Munager PORTLAND .iE AND EAR INF1RMAR1 Ground Floor, aixta QU1MB1". L. P. .. Gam and Forest! Warden REED. C. J Executive Special Agent Ma hattan Llle Ins. Co. of New Yor REED. WALTER. Optician. ,.UJ Sixth R1CKENBACH. DR. J. F.. Eye. Ear. Nc and Throat .......7 ROSENDALE. O. M.. Metallurgist Mining Engineer RYAN, J. B.. Attorney-at-Law SAMUEL, L.. Manager Equitable Life.. I hHERWoOD. J. W.. State Commander O. T. M '. SMITH. DR. L. B.. Osteopath 4J SMITH. GEORGE S.. Chjsuler Equltai Lrfe ST.OLTE. DR CHAS. E.. Dentist... STOW". F. H.. General Manager Columl Telephone Co SURGEON OF THE S. P. RY. AND N. TERMINAL CO SUPERINTENDENT'S OFFICE THRALL. S. A.. President Oregon Cam! Club '. TUCKER. DR. GEO. F.." Dentist U. S. LIGHTHOUSE ENGINEERS. 13 DiaT. ; Capt. W. C Langlltt. Corps Engineers, U. S. A U. a. ENGINEER OFFICE RIVER Al HARBOR IMPROVEMENTS; Captain C. Langfltt. Corps of Engineers, U. S. VESTER. A.. Sneclal Agent Manhaa Life .-. WILEY. DR. JAMES O. C. Phys. & St WILSON. DR. EDWARD N., Physl and Surgeon I. WILSON. DR. GEO. F.. Phym. & Sarg.j WILSON. DR. HOLT C, Phys. & Surg.l WILLAMETTE VALLEY TELE. CO... WOOD. DR. W. L., Physician 412- .O file ex may be had by applylj the superintendent of the bull room 1101, second floor. HO CUBE HO PAY thr nnERN APPLIANCE. A wav to oerfect manhood. The VA TREATMENT cures you without medJ all nervous or diseases of the general ni. mii h on lct manhood, exhaustive varicocele, impotency; etc. Men are qui! stored t rerfeet nealth and strength, for circular. Correspondence con T1XV. HEALTH APPLIANCE CO.. TOO! Safe Deposit building. Seattle. Wash. I