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About Morning Oregonian. (Portland, Or.) 1861-1937 | View This Issue
PORTLAND, OREGON, TUESDAY, SEPTEMBER 29, 1903.
PRICE FIVE CENTS.
VOL. XLIII. NO. 13,354.
ANY SIZE. ANY STYLE. ANY QUANTITY.
RUBBER AND OIL CLOTHING RUBBER BOOTS AND SHOES.
BELTING, PACKING AND HOSE
GOODYEAR RUBBER COMPANY
S. H. PEASE.
73 AND T5 FIRST STREET
HERE AT LAS
THE 4x5 FILIV1
MAKES TOUR PLatE CAMERA A FILM CAMERA
BLU MAU ER-FRAN K DRUG CO.
142-140 FOURTH STREET.
BLUMAUER & HOCH
108 and 110 Fourth Street
Solo Distributers for Oregon and "Washington.
Fifth and Washington Streets
Flrat-CIrtBB Checlc Restaurant
Connected With. Hotel.
J. F. DAVIES, Pre.
St. Charles Hotel
FRONT AND MORRISON STREETS
European Plan Rooms 50c to $1.50
Ffrst-Ctass Restaurant !n (Connection
1TH&WATS0N IRON WORK
If you are buying
SAW MILL AND POWER TRANS-
MISSION" MACHINERY OR LOOOINQ ENGINES
Call on us. Perhaps wo can Interest you. Estimates' furnished on all Iron work.
Office and Works: Front and Hall Streets,
THE LARGEST SALE ON
w. g. Mcpherson company- -
Works and Mnin Office Salesroom
Nineteenth, and Wilson Sts. 47 First Street
PORTLAND, OR., U. S. A.
In a Short Time
We will move to our
IN THE MEANTIME we are doing the best printing at
very low prices AT OUR OLD QUARTERS, Second and
Oak Streets. No interruption during removal.
F. W. BALTES & CO. Sh.rl65
CORD RAY'S THEATER
Prices 15c, 25c, 35c, 40c and 50c Box Seats, 5L Phono Main 392.
John F. Cordrny and "W. 3L RnsscII, Portland's Popular Family
THIS WEEK TONIGHT "The artistic success of the season." Verdict us good as
any ?2 production of this play ever seen here. MORDANT-HUMPHBRY COMPANY
splendid production of
"Elegantly costumed," "played artistically," "handsomely staged." last -week of
this company. Next week, commencing of the regular combination season,
" DOWN MOBILE"
Our Line of Business Wagons Is Complete
Call and See Them -
Stu dehaker Bros. Co0?' Northwest
330-336 EAST MORRISON STREET
Without a Rival
Rooms, $1.00 to $3.00 Per Day
According to Location.
C. O. Davis, Sec and Trees.
OSCAB AKOEBSOn, Muarjr,
Front and Morrison Streets,
PORTLAND - OREQON
rKBE 'BUS TO AKD TCIOIC ALL TRAINS.
Rates European plan. 66c. 75c. $1.00. JLSo.
CC0 per day. Sampl rooms In connection
THE PACIFIC COAST
new quarters, First and Oak Streets
Wall Street Suffers From
ALL STOCKS LOOK ALIKE
Money for Long-Time Loans
in Nonpaying Industries.
PLENTY OF CAPITAL ON CALL
Jacob If. Schiff Holds the Alarm Is
UndueSource of the Orders
to Unload Is a Baf
TVhlle money rates hardened both
on call and time on Wall street yes
terday, there was no indication of
stringency in any case. Liquidation,
however, was general, but mostly for
small amounts. All the foreign centers
'which hold any appreciable quantity
of American securities also figured In
the selling. News of a. favorable tenor
was ignored, and the demand practical
ly paralyzed, except for occasional buy
ing by uncovered shorts. Bonds -were
weak, in sympathy with stocks.
. NEW YORK, Sept. 2S. Wall street spent
another gloomy day which was devoted
mostly to trying to puzzle out where the
unending stream of liquidation came from
and what caused it. Information on the
subject, or even authoritative opinions,
were extremely hard to get. It Is pointed
out that the great bankers and capitalists
were not heard of in the warning last
year during the high range of prices, wh'lle
they are seeking a profitable market for
their holdings at this level. From this, it
is Inferred that the buyers of a class
which decides market movement would
not be heard pf lncitjng others to buy if
they were themselves seeking securities
on cheap terms in the present market.
A Baffling Mystery.
There Is, In fact, rather a notable lack
of public quotations of authority pointing
to the cheapness of stocks which has been
heard from time to time during the course
of the long decline and at price levels
considerably above the present. But it
Is equally true that men seeking
market to realize ready money at forced
sale of securities are not likely to miss
any means of concealing their transac
tions. The source of selling orders in the
present market. Is a baffling mystery, and
Inferences usually drawn from the per
sonality of the brokers- employed are al
most Invariably at fault.
The conditions which prompt the liqui
dation and the probable limits of Its ex
tent are consequently the subject of grave
disquiet and apprehension. It was the
failure of stockjobbing operations that
brought the early selling and the losses
reported were almost wholly on paper, as
the previous gains had been. But later
episodes represent the failure of enter
prises in which extensive capital has been
embarked, at demonstrably unproductive
employment. Capital thus sunk Is capital
Loan Money on Non-Paylnsr Projects
Controller Eldgley's expression before
the Maryland and Washington bankers,
that "a large percentage of the loaning
power has gone Into unproductive Inter
ests" formulates the dread of Wall street
over the present situation. The reaction
in the iron and steel Industries, the high
interest rates, especially on mercantile
paper, and the curtailment of production
in other lines caused the fear that over
extension has spread to industrial and
commercial lines, representing additional
"unproductive interests" to be followed by
liquidation and contraction.
The present course of the banks is di
rected toward conserving the commercial
and Industrial needs of credits, and to this
end they are Inexorable to all promotions
and financing projeefs. The miscarriage
of these projects Is still the cause
most of the liquidation. While the great
majority of Wall street's prominent men
show a decided disinclination to talk for
publication, inquiry among the very high
est interests elicits statements that no
developments of a serious or untoward
character are apprehended.
SCHIFF FEARS NO SQUEEZE.
Noted Financier Says Selling Feve
is On and Must Run Its Course.
NEW YORK, Sept. 2S.-Jacob H. Schiff,
of Kuhn, Loeb & Co., commenting upon
stock-market conditions, said:
' Jt is simply a fever which must run
Its course. Just as we had a buying fever
two years ago and even last year. So the
gelling fever has now taken, hold of the
people, and reason counts for nothing,
".o matter what may be said as to the
causes which have brought about the pres
ent situation, prevailing conditions
throughout the country do not justify the
existing great decline In substantial se
curltles.. The time will come when people
will wonder how conditions such as we
see now could have existed.
"It does not appear probable that the
much-feared money stringency will ma
terialize. In fact, money is abundant
now, only those who control the supply
are afraid, in the uncertain state of af
fairs, to tfart with it. The consequence
is that we have a superabundant supply
of money on daily call, while time money
cannot be had In large amounts.
"But this will change, especially as It
Is almost certain that with the Inability
of corporations to finance 'their require
ments general business throughout the
country must, after a time, fall off, and
when that moment arrives we shall have
a large amount of funds seeking employ
ment. These surplus funds, will, to some
extent, determine the value for ordinary '
purposes, of our superabundant volume of
currency, and we shall again witness an
Increased demand for securities. So that
It Is not at all unlikely, though this may
seem paradoxical, that when railroad
earnings begin to decrease because of re
duced general business, the values of rail
road securities will Degin to increase
CARNEGIES IS NOT WORRYING.
Slump -in Steel Stocks Won't Affect
Him or His Library Gifts.
LONDON. Sent. 28. The renewed neavy
realizations, chiefly In the list of invest
ment securities, caused a demlnstratlon on
the stock markets today, almost amount
ing to a panic. Consols once toucned
being a full point beneath the lowest
reached during the Franco-German "War.
A heavy liquidation is said to be due to
the needs of American financiers and spec
ulators. Apprehension Is felt regarding the posi
tion In Wall Street, and anxiety is enter
tained concerning the Stock Exchange set
tlement here Wednesday. There are ru
mors of probable failures, which in the
best informed quarters, however, are said
to be exaggerated. The slump In United
States Steel stock caused some anxiety aa
to its probable effect on Andrew Carnegie's
library endowments. It is said, however.
Mr. Carnegie views the slump with the
utmost complacency. An appeal to him
today on this subject elicited the follow
"Mr. Carnegie never owned any second-
mortgage bonds or shares of the "United
States Steel Trust. His bonds are first-
mortgage bonds, covering all the property,
and are not -quoted upon the Stock Ex
UNION MUSICIANS BALK.
Won't Play at Chicago Celebration
Because Marine Band Is Engaged.
CHICAGO, Sept 28. The marchers in
the big centennial parade tomorrow
night will be compelled to tramp over
the route without a musical note to cheer
them. The Musicians' Union tonight
positively refused to take part in the
parade or to have anything whatever to
do with the centennial celebration if the
Marine Band of Washington is to play
at the mass meeting at the Auditorium
on Thursday night, which is to bo the
final act of the celebration.
The union declares Its constitution
forbids Its members to have anything to
do with on event In which enlisted men
In the Government service tako part.
The union therefore demands that the
Invitation to the Marine Band be with
drawn, or the union musicians will de
cline to furnish music for the parade,
for the banquet of the Mayors Wednes
day night, or for any other part of the
The committee of arrangements for the
centennial Informed the union tonight
that the invitation to the Marine Band
would stand, no matter what1 action was
taken by the local musicians. The union
at once decided It could not recede from
the position It had taken, and it so In
formed the committee. It was decided
by the committee to go ahead with their
plans Just as though there were no such
thing as music. The playing by the Ma
rine Band Thursday night will therefore
be the only music of the celebration. It
was not the intention of the committee
to use the Marino Band for anything but
the mass meeting on that one evening.
Porto Ricans Crowd the Schools.
SAN JUAN, P. R., Sept. 28. Twelve
nunarea scnoois in .forto Klco were
opened, today and 60,000 pupll3 were re
ceived. Three times that number of chll
dren were enrolled, and the struggle for
preference was very great.
CONTENTS OF TODAY'S PAPER.
Ex-Lleutenant-Governor "Woodruffs slate Is
broken by Brooklyn Republicans, and con
vention ends-in free-for-all fight Pago 1.
Denver Republican party epllt3 on leadership
of ex-Senator Wolcott, and' neither delega
tion may be seated by the state convention
today. Page 1.
Ohio Democratic leader comes back at Dick,
and again urges a Hanna-CIarke debate.
Assurance of Turkey that she will not move
troops from Monastlr to Adrlanople greatly
clears the Balkan situation. Pago 3.
Fifty thousand refugees In Macedonia are in
terribly destitute condition. Page 3.
Lord Mllner arrives In London to confer with
Balfour about entering the Cabinet. Page 3
Pope Plus gives the Impression that he will
leave the Vatican. Page 2.
Army of workmen at Sault Ste. Marie. Mich
angered by refusal of company to pay them,
resort to serious rioting; regular troops will
be sent to scene. Page 1. .'
District Attorney Jerome asks for $100,000 to
fight gambling In New York. Page 2.
Parks' delegates td Ironworkers' convention
are docile, and peace reigns for a day.
President Roosevelt and. family return to the
capital from Oyster Bay. Page 2.
Forestry officials find sentiment In Oregon
toward forest reserves Is changing In their
favor. Page 2. .
T. A. Wood, of Portland, Is almost sure to be
debarred for practices In Indian War pen
slpn cases. Page 2.
Portland begins series of home games with
Sacramento today. Page 6.
Pacific National League game: Salt Lake 4,
Butte, 3. Page 6.
The Minute Boy wins ?10,000 purse for colts
and geldings at Morris Park. Page G.
Pittsburg nine leaves to play Boston for cham
pionship of the world. Page 1.
Reward of $8000 is offered for arrest of Mon
tana dynamiters. Page 4.
O. C. Moore loses fight for possession of Mar
shall Field's "Washington farms. Page 4.
District fairs open today at The Dalles and
Eugene. Page 4.
Attempt to murder San Francisco woman by
asphyxiation. Page 4. ,
Cornucopia mine sold for $600,000. Page 5.
Conference of Irrigation engineers holds out
good hope to Oregon. Page 10.
Commercial and Mnrlnc.
Hop market opens active with continued
strength. Page 15. '
"Wheat closes weak and lower at Chicago.
Liquidation In stocks continues. Page 15.
San Francisco produce quotations. Page 15.
Stranded ship Glfford, at San Francisco, mas
be saved. Page 5.
Annual report of British Consul Laldlaw.
Portland and Vicinity.
How plumbers graft on the public by combina
tion. Page 10.
Street-car man, who accidentally killed a man,
driven Insane by tragedy. Page 11.
Lewis and Clark Fair directors move to secure
passenger agents' convention. Page 12.
Uprlver counties still work for Government
purchase of Oregon City locks. Page 11.
East Side people agitate for another car line.
Last rail laid on electric road up Clackamas
River. Page 11.
Jury disagrees" on' lawsuit between warring
laundrywoinen. Page 10.
Woodruff Then Tries to
BROOKLYN POLITICIANS MIX
Republican Convention Ends
in a Free-for-AII Fight.
SEVERAL MEN BADLY BRUISED
Ex-Lieutenant Governor Sees the
Clothing- Literally Torn From His
Candidate to Prevent His With
drawal, hut Defeat Is Sure.
NEW YORK, Sept 28. After one of the
most riotous scenes ever enacted In a
political meeting In Brooklyn, tho Re
publican county slate made by ex-LIeu-
tenant-Governor Timothy L. Woodruff,
was smashed tonight, and Henry Belden
Ketchum was nominated for District At
torney of Kings County in place of George
F. Elliott, who was Mr. Woodruffs can
While the convention was In an uproar
and fighting had begun In the hall, Mr.
Ketchum attempted to withdraw his
name, and had his clothing literally torn
from his body by his partisans, who at
tempted to drag him from the room to
prevent his withdrawal. In the street,
Mr. Ketchum fainted.
Tho noise of the riot drew tho police
to the hall and they charged down the
center aisle, clubbing right and left, forc
ing the delegates Into their seats and sep
arating those who were fighting.
Mr. Woodruff was down Into the per
sonal encounters, and was roughly han
dled. Several men were badly bruised,
At a conference held earlier In the even
ing, Mr. Elliott had been agreed upon
for District Attorney. This conference
was between the Republicans and the fu
slonists. The row started soon after the
WOLCOTT SPLITS THE PARTY.
Denver Renublicans May Not Get
Into the State Convention.
DENVER, Colo., Sept 28. The Repubr
lican State Convention to select a mem
ber of the Supreme Court, to succeed
Presiding Justice John Campbell, whose
term expires, will meet nere tomorrow
Today two conventions of the Republic
ans of the City and County of Denver
were held, and contesting delegations will
ask for recognition by the state conven
tion tomorrow. There is said to be
strong likelihood that neither will be seat
ed, and Denver "will be unrepresented.
The spilt In Denver is not due to adher
ence to opposing candidates, as there now
seems little doubt that Judge Campbell
will be unanimously chosen to succeed
himself, but to the question whether the
party leadership shall rest with ex-Sen
ator Edward o. Wolcott. Tnere were
many charges of fraud In the primary
election Saturday, not less than 79 of the
204 precincts sending contesting delega
tions to the city and county convention
Of these only two anti-Wolcott delega
tions were declared elected by the cen
tral committee. As a consequence, the
anti-Wolcott delegates declined to attend
the convention called at the Tabor Opera-
House, .but organized another convention
at Coliseum Hall.
The Republican State Central Commit
tee met tonight to make up the temporary
roll of the state convention. The Denver
contests were presented, but the commit
tee adjourned without action.
It Is predicted tonight that two state
conventions will result from the split In
Socialists Name a Ticket.
BOSTON, Sept. 28. Amid scenes
LORD MILNER, WHO MAY SUCCEED MR. CHAMBER
LAIN AS COLONIAL SECRETARY.
Lord Mllner, to whom has been offered the British Colonial Secretaryship, in
succession to Mr. Chamberlain, held a financial position in Egypt in lSSJ)-!)2, and
wrote a book on England's position in that country. Vpon "returning to London
he was made chairman of the Board of Inland Revenue, and, his work attracting
the attention of Mr. Chamberlain, the latter had him sent to the Cape to succeed
Lord Rosmead (Sir Hercules Robinson) as High Commissioner. It was under Mll
ner conduct of affalra that the Boer war broke out. Lord Mllner was born In
1854, was bred In Germany and at Oxford, and for a time Served on the staff
of the Pall Mall Gazette.
great enthusiasm, the Socialist party held
its state convention here today and nom
inated a state ticket headed -by John C.
Chase, of Haverhill, for Governor. The
platform adopted Is substantially the
samo as that of last year, with the ex
ception, of the following "immediate de
mands": -A reduction, of the hours of labor in
proportion to the Increasing facilities of
production; the abolition of child labor;
the .raising of school funds and an Increase
In the facilities by which every child may
secure a liberal education; state insur
ance for workers in case of death, acci
dent, lack of employment or old age; ex
tension of municipal and town powers to
permit the public ownership of all pub
lic utilities; the initiative and referen
dum, proportional representation, and the
right of recall of representatives by their
constituents; trial Ty jury In cases of in
junction issued against worklngmen and
women; equal civil and political rights
for men and women; abolition of capital
Resolutions also were adopted calling
attention to the situation in the. coal re
gions of Pennsylvania, as indicating that
there has been no permanent settlement
of the conditions which gave rise to the
strike of last year.
The Socialist Labor party also met and
nominated a ticket headed by Thomas F.
Brennan, of Salem, for Governor.
. COMES BACK AT DICK.
Democratic Leader Again Urges a
CLEVELAND. Sept 28. Charles P. Sa-
len. chairman, of the Ohio Democratic
Committee, has made tho following reply
to Chairman Dick's letter of last night
sent from Columbus.
"Dear Sir: Your two-column letter
discussing every phase of politics from
the Penobscot to the Rio Grande, and
concluding with the assertion that there
is nothing to discuss, Is noted In the pub
lic 'print Unless you have exhausted the
subject yourself in your article your can
didate might find something to discuss
of a political nature at the present time.
But for your assertion of your own can
dor, I would be Inclined to doubt your
"The paramount Issue of the Senatorial
contest In this campaign is the public
record of Senator M.. A. Hanna and his
unfitness" by reason thereof to be re
turned to the United States Senate. If
you are not aware that John H. Clarke
has attacked his public record and joined
Issue with the present Senator upon his
record, first In fathering the ship sub
sidy bill, which seeks to take from the
people's treasury $10,000,000 annually and
put it into the treasury of the steamship
companies; second, In forcing- through
the Legislature the reactionary and ex
pensive municipal code, which denies
home rule to the cities of the state; and
third. In using his official position to se
cure for himself and associates franchise
privileges to the injury of the people
you can get this Information by Inquir
ing of Senator Hanna himself.
"He Is on record as saying his public
record had been outrageously attacked,
and that when he goes upon the platform
he will have something to say about It
I have asked you to arrange that Mr.
Clarke may be present when he says It
You decline for reasons that would be
readily guessed if you did not assert that
candor compels you to give tho real rea
son for declining a joint discussion.
"M. A. Hanna understands that these
measures which he has championed are
Closely joined, perhaps too closely joined
for joint discussion. I trust after advls
lng with him you will become Informed
as to the situation and accept our chal
"I close, reminding you that It Is not
Senator Bailey's 'free wool' in Texas
which interests the people of Ohio, but
the wool which I fear you are trying to
pull over the eyes of the people.
"Again, on behalf of John H. Clarke
ask" you to arrange for a joint discussion
between him and Senator Hanna on tho
political issues of the campaign."
MRS. DAVIS IMPROVES.
Hope Is Expressed for Recovery of
Widow of Confederate President.
BUFFALO. Sept. 2S. At 11 o'clock to
night Mrs. Jefferson Davis condition was
Mrs. Davis passed a comfortable night
and her condition today was much lm
proved. J. A. Hayes, her son-in-law
and his son have arrived at Castle Inn
Her relatives and friends are now hopeful
of her recovers-.
Knin Will Escape Operation.
BALTIMORE. Sept 28. At a consulta
tion of physicians today it was decided
thnt .in operation was not necessary In
th case of Archbishop -John Joseph Kaln
of St Louis, who Is suffering from an
nttnok of appendicitis at St Agnes Sanl
tiiHura in this city. The condition of the
patient Is reported to bo much improved
MOB HOLDS GIT!
Soo Workmen Resort to
ROMtSED WAGES NOT PAID
Sault Ste. Marie Appeals to
Canada for Troops.
ROUBLE-MAKERS ABOUT 3000
Everything Movable in Office of Min
ing: Company Is Destroyed and.
the Street-Cars Are Charged
Upon and Tied Up.
The Inability of tho Lake Superior
Consolidated Company to keep Its
promise to raise the money duo Its
army of laborers (some $200,000) has
led to serious trouble at Sault Ste.
Marie, Mich. Tho men have armed
themselves, and virtually control the
town. Acts of violence have caused an
appeal to be made to Toronto for
troops, which are expected to arrive
Pour hundred employes of the com
pany in the woods were to have been
furnished transportation to Sault Ste.
Marie last night, but, in view of tho
rioting, the company refused to run a
train. This greatly angered the men,
and they are now marching on the
town. Their arrival probably means a
renewal of the disturbances. A receiver
for the company was named yesterday,
but Speyer & Co., of New York, who
hold a $5,050,000 mortgage on tho
property, declare nothing can stop its
sale October 1.
SAULT STE. MARIE, Mich., Sept 2S.
The Canadian Soo has been the scene of
serious rioting by the discharged em
ployes of the Consolidated Lake Superior
Company all day, and tonight the situa
tion is verj grave.
Trouble came when the company put
the men off the premises when they de
manded their promised pay. The labor
ers broke away from all restraint the
large force of special police could exert.
and smashed every window in the magnifi
cent building of the company in the
Canadian Soo, charged upon the street
cars and demanded that the conductors
and motormen join them, and were only
prevented from doing further damage by
a clever ruse of one of the company's of- ,
ficlals, who turned in a fire alarm to di
Appeal has been made to Toronto for
troops, but no re-enforcements had ar
rived at nightfall, and the only defense
against the mob, which grows hourly. Is
a more or less demoralized police de
partment and a small company of local
militiamen. A battalion of regulars from
Toronto, the King's Grenadiers, la ex
pected to arrive at 7 o'clock tomorrow
morning, and their coming is awaited with
feverish impatience. Another company of
militia- from Sudbury Is also expected by
Destroy Everything; Movable.
In the assault upon the office building
by the mob early this afternoon, before
the arrival on the ground of troops, the
frenzied, rioters secured possession of tho
ground floor of the building, destroying
everything movable that came in their
path. A crowd of the office staff, with
drawn revolvers, prevented their gaining
access to the upper floors of the build
ing. The arrival of the troops on the ground
armed with ball cartridges about 2 o'clock
served to restore some semblance of or
der. The rioters then contented them
selves with throwing stones at tho build
ing and hurling Invectives at the soldiers,
who established a "dead line" and pre
vented any approach toward the building
by any of the rioters.
The greatest number of the mob are
ignorant Italians. Finns, Norwegians and
Frenchmen, the latter perhaps the hard
est of all to handle. All have been drink
ing more or less, although the bars this
afternoon obeyed the order to close. The
mob Is one that cannot be reasoned with,
and the man they seem most anxious to
get at is Mr. Coyne, the assistant man
ager, who. In the absence of Mr. Shields,
Is In charge of the works. Mr. Coyne has
discreetly kept out of sight all day.
Hotel Turned Over to Men.
Lato this afternoon the leaders' of the
mob held a conference, and demanded
that the company put men In their hotel
and boarding-houses and feed them until
the money for their wages is forthcom
ing. In order to appease the crowd, this
demand was granted, and the men have
taken possession of the White House,
a large boarding-house operated by the
company. Provisions are being sent there
to feea them.
Tonight the men held a mass meeting In
the hotel, but it was unexpectedly quiet
and orderly. An attempt was made to
allay the passions of the men by an offer
by the Brotherhood of Woodmen, an or
ganization maintained among the lumber
men, to furnish an attorney free of charge
to collect all pay checks left In his hands.
About 10:30 an alarm of fire was turned In
from the pulp mills, and the department
responded, but no blaze could be discov
ered. The turning In of the alarm was
evidently the work of some of the rough
element which has gathered In large pro
portions to help along the work of disor
der. An effort was made late today to get
TVtmnnuea on Second lra.se.)