THE MOUSING OREGOiHAJf, SATURDAY. 3IABCH 2S, 1903.
Washington Street,
Corner Fifth.
Olds, Wotftman & King
Ribbon
Bafgains
Tfiat Are Interesting
Fine qualities good to buy and
keep, even if you cannot use
them now. Every thread silk
and exceedingly rich in color and
finish.
ALL SILK TAFFETAS .
4 inches wide, only. . 18c yard
LIBERTY SATIN TAFFETAS
4 inches wide 25c yard
Handkerchiefs
r
Quantities of the newest things
in white and colored borders and
embroidery.
Glove Day
A large and varied line to
choose from at our store, includ
ing the
Monarch, the leading Glove in
shape, quality and finish. None
better made. Price, $2.00.
Derby, a model of elegance,
that will outwear any other made
for the price, $1.50.
J
New Shipment
Famous W. L. & Co. guaran
teed gold filled Rings, plain,
chased and with settings.
Prices:
25c to $1.50
EACH
LAST DAY
Knit Uncfefweaf Sale
Daintily Finished and Just the Thing for Imme
diate Use.
Ladies' Vests, white lace, silk crochet and silk ribbon trim- jr
ming, very fine, each OC
Ladies' Vests, white ribbed lisle, sleeveless, with pretty q
network bust, silk ribbon trimming, each OOC
Ladies' Vests, fine mercerized, low neck, sleeveless, white, r
pink and blue, neatly trimmed, each OUC
Ladies' Vests, in white lisle, low neck, sleeveless, Swiss ribbedt
pretty crochet trimmings about neck and arm, all fresh and up
to-date, well worth 75c and 85c; price for remainder of r q
week, each .. O sC
AH the Newest Novelties.
Bewitching creations in dain
tiest lace, silk and embroidery
turnover bands, wide and nar
row, stocks with stole ends in
great variety, "twice rounds"
in lawn and lace, French novel
ties, embroidered four-in-hands,
knots and fichus.
Something New
Golf Jackets
For
Boys and Children
A cute little garment and just
the thing the little folks like.
They have two pockets, brass
buttons, bright trimmings and
are very warm and comfortable.
Prices each
$.50
Men'sFtttnishings 1
Spring Style Shitts
For .Men and Boys
The season's newest staple and novelty styles, soft and semi
stiff bosoms, in fancy stripes "and figures, also plain green, bltfe,
gray and white. . ' '
Sweaters. '
For Men and Boys '
Popular colors and fancy stitches, just the thing for the base
ball days. Prices for men $1.00 to $4.00 each; for boys $1.00 and
$1.50 each.
Men's Undetwea
Spring Weight
All wool, natural gray, silk finished, ribbed bottoms, way in
advance of anything ever before shown by, us. Prices only 75c,
$1.00 and $1.25.
Easter Millinery
Advance models continually arriving immense variety of styles.
Street Hats, Tailored Hats, Dress and Evening Hats. Attend to
your hat-buying today. We have a full force of expert trimmers
who will make your Easter Hat just as ordered and on short notice.
"Shttshine"
Keeps your shoes in perfect
order arid enables you to present
a proper foot appearance at all
times with little effort or ex
pense. It comes in a tube, is
applied with a cloth and polishes
easily. Demonstration main
floor.
Price 25c
THE PJNGREE
LORIA
$3.5 0-
SHOE FOR WOMEN
i V
SPECIAL SALE
Toy Carts and
Bftgg&es
The best out-of-door playthings
for the little folks. ,
, i
Carts, 2-wheeled, very strong,
reduced this week from 15c to
10c .
Doll Go-carts, were $1.00, now
65c, '
Doll Buggies, were. $2.90, now
$1.75
1
WANT THE BOODLEl
Colombian Politicians May
Hold Up Treaty.
CAMPAIGN BEGINS AT BOGOTA
If Marroquln Could Get Payment la
Advance, DlHiculty Would Be Re
movedSome 'Canal - Stock
holders Want Hisncr Price.
OREGONIAN KEWS BUREAU, "Wash
ington. March 27. Advices received In
"Washington from various sources Indicate
that a determined campaign is already be
gun In Bogota looking to holding up the
Panama, Canal treaty, with a view to com
pelling this Government to expend funds
In order to Induce the Colombian Con
gress to ratify the treaty. It is frankly
admitted in -well-informed circles here that
if the Jll.000,000 which the United States is
obligated by the terms of the canal con
vention to pay over to the Colombian gov
ernment for territorial rights could be
placed in the hands of President Marro
quln before his new Congress is assem
bled by his decree, there -would be little or
no cause for uneasiness. But this money
cannot be paid until the treaty is ratified
just as it left the United States Senate.
The French stockholders who -would like
to fight the treaty at Bogota are supposed
to be proceeding on the theory that if they
should be able to stop the deal they could
force a reorganisation of the company in
France, and, by placing its management
in new hands, obtain a larger offer from
the United States for their property.
"While it is not believed the opposition
will succeed in blocking the treaty, the
adherents of tho Nicaragua proposition
are still hopeful.
DEPENDS OX LUMBER CONTRACT.
Whether Transport DIx Land at
Portland or the Sound.
OREGON! AN NEWS BUREAU. "Wash
ington. March 27. Senator Mitchell called
on the Quartermaitor-Genoral today to
again urge that the transport THx be sent
to Portland to load lumber and hiy Sot
the Philippines. He placed on file a num
ber of telegrams and letters showing that
vessels drawing 24 feet, the draft of the
DIx. cxporlcr.ee no difficulty whatever in
crcsslng the bar at the mouth of the Col
umbia River.
No assurance was given the Senitor
that his request would be complied with.
The ultimate decision depends largely on
the award of the contract for lumber and
hay, which will probably be made within
a few days.
Snohomish Land Stay Reserved.
OREGONTAN NEWS BUREAU. Wash
ington. March 27. Land Commissioner
Richards ioday notified Representative
Cushman that the application for the
elimination of the sun-eyed lands in Sno
homish County from the limits of the re
cent forest reserve -withdrawals has been
denied, tho Geological Survey having rec
ommended against the elimination. The
order affects about 12,000 acres. v
TELEGRAPHIC BREVITIES.
A new system of searching for mineral ores
byHhe use of the telephone la being tried at
the Teleaca lead mine, la North "Wales.
James McNeill "Whistler, the American artist,
will receive tho degree of doctor of laws at tbe
forthcoming Glasgow University graduation
ceremonies.
Mrs. Joseph Chamberlain has steadfastly re
fused to write the story of her travels and Im
pressions on her trip to South Africa with her
husband, the British Colonial Secretary.
Winston Churchill, author and dramatist, has
made his first appeal for legislation as a mem
ber of tbe New Hampshire House of Represen
tatives from Cornish. It was eminently suc
cessful. William Dorscy, colored, was hanged at Bir
mingham. Ala., yesterday for highway robbery.
This Is the first Instance In the state's history
where the death penalty has been imposed for
this crime.
The Mills & Wright Company, of Boston.
Mass., one of the oldest printing and book
houses in New England, has made an assign
ment. Liabilities. $01,279, with assets nomi
nally about the same.
Two hundred members of tho Vassar Alumni
Association of Chicago and the West, attended
a reception given la honor of President E. Tayi
lor, of Vassar College; Thursday night, at the
Virginia Hotel, Chicago.
The final salo of the late A. M. Burrltfs col
lection of etchings and prints in New York
City, representing tho work of a score of
artists, realized J 15.072, making a total, with
tho receipts at the preceding salea. of $24,783.
Alfred G. Vanderbllt has visited Commis
sioner Strasbourger. of New York, to whom
he explained that most of his securities were
Invested In nontaxable properties not liable for
personal assessment. He showed that he was
liable for an assessment on only $190,000, but
he agreed to an assessment oa $250,000.
Judge Carter yesterday, at Chicago, advised
the election commissioners that. In his opinion.
Judge Hanecy had no Jurisdiction to Issue an
injunction against the recounting of the ballots
in the Lorlmer-DurborroTv contest, and said
that tho board might proceed at any time with
the recounting.
Judge P. B. Wllfe. of the Seventh Iowa Ju
dicial District, has Just rendered an Important
decision regarding the power of Assessors to
assess taxes on property la tho bands of & trust
company as trustee. The court holds such
property is liable to assessment both for coun
ty and city taxes.
The appellate division of the Supreme Court
In Brooklyn has reversed the conviction of J.
Luther Plersoa, of Valhalla, "Westchester Coun
ty, a Christian Scientist, who was charged
with falling jo obtain a physician's services for
his 16-months-old adopted daughter when the
Infant became ill. The child's death resulted
in Plerson's arrest.
The romantic marriage of Professor Reynolds,
for some years principal of the public schools
at MlHerton. N. J and Miss Florence Hamb
iln. a daughter of a wealthy MlUertoa farmer,
which took place six months ago, has ended
tn the death of the young wife of typhoid fever
at Ithaca. Professor Reynolds is Hi and Is not
expected to recover.
. Through It the Deaf Can Hear.
NEW YORK. March 27. Another inter
esting demonstration of the powers of
the acoustlcon" has been given in this
city by the inventor. Miller Reese Hutch
inson. Mr. Hutchinson selected as sub
jects for tho experiment several inmates
of the New York Institution for the In
struction of Deaf and Dumb. Some had
been stricken -with deafness at too early
an age to remember -what the meaning of
sound was, and one young girl in particu
lar almost -went Into spasms of delight
when the ear piece -was adjusted and she
.heard the stialns of music
There was one skeptic present. He was
deaf, but had no faith in the Invention,
so he asked to be put in the chair. This
was done, and his face flushed with sur
prise -when he -was able to distinguish
"mamma from "papa." Mr. Hutchinson
said "hello" to him, and he repeated It.
A number of other tests -were made, and
all -were successful.
SOUTHERN MERGER DEAL
GATES TELLS ABOUT HIS SEAL
WITH J. P. MORGAN.
Trust-Builder Paid Him Big: Profit on
Louisville .& Nashville and Pro-.,
posed Southern Securities.
NEW YORK, March 27. The Interstate
Commerce Commission met here today to
Investigate the turning over of the Louis
ville & Nashville Railroad control to the
Atlantic Coast line. Edwin Hawley, an
associate of John W. Gates, said he at
tended several conferences looking to the
sale of the Louisville & Nashville line to
J. P. Morgan, while J. S. "Williams" had
offered 130 to 1S5 for the controlling In
terest in the stock of the road. George
W. Perkins, the -witness said, represented
Mr. (Morgan at these conferences, while
Mr. Gates was the principal on the other
side.
"We had nothing to do with the rela
tions of the various roads," the witness
said. "We were discussing the possibility
of obtaining tbe Louisville stock, and we
talked of nothing else." '
John F. Harris, of Harris, Gates & Co.,
said that when the option was sold to
J. P. Morgan & Co., his firm controlled
205,000 shares, and that the price paid was
10S to 110.
"Wo got 130 for 100,000 shares, and 150
for the remaining 106.000."
J. S. Williams, of the Seaboard Air
Line, said he asked Mr. Perkins whether
Mr. Morgan would sell the Louisville &
Nishvllle, and that Mr. Perkins replied
that it was not likely that Mr. Morgan
would sell to any interests his firm could
not control, and then asked the price of
the Seaboard Air Line. He understood
it was Mr. Morgan's idea to sell Louis
ville & Nashville to interests that would
not conflict with the Southern Railway.
Not Competing Lines.
Mr. "Williams said he made a memo
randum of the Interview Just after It oc
curred, and could not be mistaken. The
memorandum was read, and contained a
paragraph to the effect that Mr. Perkins
said J. P. Morgan & Co. might consider an
offer to buy the Louisville & Nashville
as an independent transaction. Mr. Will
iams suggested the formation of a voting
trust to run the Louisville & Nashville,
composed of the Atlantic toast line, the
Seaboard Air Line, and J. P. Morgan &
Co. Neither the Atlantic Coast line nor
the Seaboard, he said, are really in com
petition with the Louisville & Nashville.
Railroad men considered them as con
necting links. Asked as to who con
trolled the Atlantic Coast X-ine. he said
he understood Mr. Walters and his Imme
diate associates, "but there are always
rumors to be discounted."
C G. Gates, son of John W. Gates, said
as a member of the Arm of Harris, Gates
& Co. he gave orders to purchase stock
and bought some himself on the ex
change. It was the Intention to sell at a
profit if possible; if not, to operate tho
road. It wis not the intention to corner
the stock. The object was to obtain con
trol of the road and not make any finan
cial disturbance whatever.
Gates "Wasted Profits.
John W. Gates was the next witness.
He testified that besides the 203,000 Louis
ville & Nashville shares held by his syn
dicate they controlled 100,000 shares held
by Hawley and Davis. Asked as to when
he first conferred with J. P. Morgan &
Co. about selling the control, Mr. Gates
said:
"Well, Mr. Schwab came to me from J.
P. Morgan & Co. He called up at about 3
o'clock In the morning of April 11 and
asked what I was going to do. The mar
ket had been nervous. I told him I would
see Mr. Perkins In the morning."
He said he saw Mr. Perkins next day,
and Mr. Perkins wanted a third of the
stock at cost.
"I told him," said tho witness, "I could
not think of It." Mr. Perkins then asked
for a price for half the stock, and Mr.
Gates said he would consult with his col
leagues. He saw Mr. Perkins next day
and told him he understood the property
was very valuable and would pay to hold,
Asked as to whether Mr. Perkins said
anything about tho witness being a dan
gerous man to handle such property, Mr.
Gates said:
"No, wo usually found backers where
we saw profit."
He had a number of conferences with
his associates and a two hours' talk with
Mr. Perkins.
"I tod him." said Mr. Gates, "that I
would recommend my associates to ac
cept 125 for one-third, 130 for one-third and
150 for the balance of tho 206,000 shares
we controlled, if all were taken. Mr. Per
kins said the price was too high."
Mr. Gates said his examination of tho
Louisville & Nashville accounts had In
duced him to believe the property more
valuable than it was generally held to be,
This was no reason, he said, why he could
not manage the road as well as the Au
gust Belmont bank, but It seemed wise to
take profits. Witness told of making the
contract giving J. F. Morgan & Co. an
option on the j?roperty and said he was
asked for a six months extension of time.
Something was said by Mr. Morgan about
the formation of a Southern Securities
Company to control various roads and in
crease profits, with the Louisville &
Nashville stock taken by the securities
company at 170. It was argued, witness
said, "that it would be to onr mutual In
terests and might be done if the Northern
Securities Company went through."
This ended Mr. Gates' examination.
No Corner "Was Intended.
President Keppler, of the Stock Ex
change, testified that Mr. Gates had told
him that no corner was Intended and that
Harris, Gates & Co: would lend the stock
to enable shorts to cover. He felt the
situation was critical and called on Mr.
Gates of his own volition. No formal an
nouncement was made of what Mr. Gates
said, but he spoke of It to several per
sons, and it soon became' public prop
erty. J. M. Culp, ex-president of the Southern
Pacific, and C. B. Compton, traffic man
ager of the Louisville & Nashville, said
the Coast Line and the Louisville & Nash
ville were regarded more as feeders to
each other than competitors.
The commission will meet again in
"Washington and hear arguments, after
securing depositions of witnesses residing
in Louisville.
PLANS TO PREVENT SUITS.
New Charter of Steel Company Re
stricts Rights of Stockholders.
TRENTON, N. J.. March 27. Counsel (or
the United States Steel Corporation today
filed in the office of the Secretary of State
articles amending the charter of the Na
tional Steel Company, which were filed
yesterday, for the purpose of merging the
Carnegie, tho National Steel and the
American Steel Hoop "Companies. The
amended articles change the name from
the National Steel Company to the Car
negie Steel Company. The papers are
the same as those filed yesterday, with a
single Important exception. In connection
with the provision that there shall be
maintained in this state a registered
agency at which shall be kept a list of the
stockholders of the concern for Inspection
of the stockholders, there is an added
provision as follows:
"But registered agent may refuse per
mission to examine the same (except as
to the entries affecting the shares owned
by such stockholder1) unless satisfied that
such examination and the information to
be acquired Is desired for legitimate pur
poses and not for a purpose hostile to the
Interest of the corporation or Its individual
stockholders, and the determination of the
registered agent shall be final and con
clusive," This pro vision follows the lines of a
, . .-'voL U
- f -C '- ' ,
c
is impossible to give
any detailed account of
the wonderful offer
ing's here. Merchan
dise in such enormous
quantities to be rushed
out of this store de
mands a a'reat price
Out it must go and all prices
are made regardless of cost.
STORE OPEN
Afternoons, 1:30 to 5
Closed Evening's.
''-VV-' '
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decision rendered in the Supreme Court a
few days ago in the case of O'Hara
against the National Biscuit Company.
This provision is also interesting in con
nection with Assembly bill. No. 270,
which passed the House this week. That
bill provides that no suit can be brought
by minority stockholders In the name of
a corporation without the written con
sent of 20 per cent of the stockholders.
Under the provision of the amended
charter filed today by the Carnegie Steel
Company, it is very difficult for any stock
holder to ascertain the names pf the stock
holders of 20 per cent of the stock of the
company unless the managers are willing.
The papers filed today are signed by
Charles M. Schwab, Elbert H. Gary, Will
iam E. Corey, Thomas Murray, William M.
Blackburn, each holding one share of stock
and the United States Trust Company, of
New York, In trust for the United States
Steel Corporation, 629.995 shares.
THE DEATH ROLL.
N. 1C. Fairbanks Is Dead.
CHICAGO, March 27. N. K. Fairbanks,
millionaire manufacturer and director in
several banks, died at his home here to
day, aged 73. He had been ill but a short
time. Mr. Fairbanks was active in char
itable work, being one of the founders of
the Relief and Aid Society, and of the St
Luke's Society. He was born In Sodus,
Wayne County, N. Y in 1S29, but had
lived in Chicago for nearly half a century.
He is survived by several children.
Mr. Fairbanks' early life was spent in
Rochester, N. Y.t where he was a journey
man bricklayer. He went to Chicago at
an early age and became Interested in the
manufacture of soap and lard, and ac
quired a considerable fortune. Later he
became largely Interested In mining- In
Southern Arizona, on the border of Mex
ico, where the well-known town of Fair
banks was named for him. He became a
multimillionaire, but through speculation
lost heavily some years ago. In later
years he recouped his fortune, and at the,
time of his death was considered a man
of large wealth. Mr. Fairbanks was also
a large operator on the Chicago Board of
Trade.
Neiv York Business Man De.
NEW YORK, March 27. James H.
Snow, president of the Royal Gas Com
pany, and prominent in business circles,
died suddenly last night. He was strick
en with heart disease. Mr. Snow was a
director of the National Transit Com
pany, secretary and director of the Inter
national Pump Company, and Indirectly
connected "with the Standard Oil Com
pany. He was 55 years of age.
Death of Methodist Missionary.
SPRINGFIELD. I1L, March 27. A State
Register- special from Rochester states
that Rev. T. B. Wright has received word
-from Shanghai announcing the death
there of Mrs. Mary Wright Pease, a
Methodist missionary.
END OF WOMEN'S COUNCIL
Next Meeting: Will Be Held in In
dianapolis Next Year.
NEW ORLEANS. March 27. The Na
tional Council of "Women In session here
today chose the following officers: Presi
dent. Mrs. Mary Wood Swift, of San Fra"n
cisco; vice-president. Mrs. Kate "Walter
Barrett, of Washington, D. C: recording
secretary, Mrs. Frances Burns, of Detroit;
corresponding secretary. Mrs. Flo Jamie
son Miller, of Wilmington, TXL; treasurer,
Mrs. Lillian M. Holllster, of Detroit. Mrs.
Mary Wood Swift will be the delegate to
the International Council In Dresden next
January.
The executive meeting- of the council
will be held In St. Louis next year. In
dianapolis was selected aa the place for
the meeting of the council In February,
l&X.
Tonight there was a public meeting
addressed by Mrs. Sewall, Mrs. Grannlss,
Mrs. Barrett, Mrs. Thompson and Dr.
Bullen, of Canada. The next conven
tion will be held In February and after
that in October of each year. This
formally marks .the severance from the
suffrage convention, which the National
Council has always followed, although the
Suffrage Association, remains an active
member of the National Council.
of "War; unless the Cabinet agreed to tha
army appropriations. .
Edward K. Johnstone, who for the past four
years has been editor of the- Minneapolis Times,
has severed his connection with the paper. He
has gone East to enter a broader field of labor.
Bulgarian. Cabinet Reslgrns.
SOFIA, March 27. The entire Cabinet
has resigned, owing to the inability to
find anyone who wilj accept the portfolio
Tailor Suits
FOR SPRING
Are now ready for you. It em
braces all the smartest of the
season's styles, made of the
most favored "fabrics. The
wrorkmanship and tailoring of
our suits are the best that can
be produced, while the prices
on our garments are most moderate.
The Satisfactory
Store. 283-285 Morrison St.