lWaB3 stoek is a complete as at any time, this season, of lTEWS $15.00 and $18.00 SUITS at the nomi- $ 3.95 OverCOatS - - $2.95 , . S&EBMW Extra Bargain inThree Hundred Boys' School Suits These are made of the celebrated DICKEY Cassimere, known for its wear-resisting qualities. All sizes, 7 to 15 years. Always excellent value at $3.95 for this SALE ONLY, $2.93 NORFOLKS and DOUBLEJBREAST- ED STYLES. Every Boy's Suit in the house reduced. By a close observation of above prices and comparison with other stores you will find that our reductions are not only genuine but startling. We do not make nominal reductions of a few pennies, simply for appearance, but CUT PRICES that cre ate great money-saving possibilities. IP YOU HAVE ANY SHOPPING TO DO, DO IT HERE. DO IT NOW; TOMORROW MAY BE TOO LATE. BEN , MONEY 18 THE TOPIC Discussion Before American Economic Association. OPEN SHOP IS BROUGHT UP Professor Commons Says It Is Labor's Protective Tariff Safeguard Is Not Absolutely Necessary In 'Great Many Cases Cited. CHICAGO. Dec. 23. "The Theory of Alonoy" was tho topic discussed by the Amorican economic Association at the University o Chicago today. Professor J. Lawrence Laughlln, of the University of Chicago; David Klnley, of Illinois, and A. Piatt Andrew, of Harvard, read papers, after which a discussion was opened by William A. Scott, of Wisconsin. The afternoon session was devoted to a discussion of the "Open and Closed Shop," papers bolng read and speeches made by a number of college professors, business men and representatives of the trade unions. Professor David Klnley, of the Uni versity of Illinois, read a paper on "The Relation of the Credit System to the Value of Money." In speaking of the influence of the credit system on prices, ho took the ground that, in general, a business community will make its exchanges with credit or by money, according as one or the other is cheaper at the time, saying that the credit system is really a regulator of prices and allows changes in the volume of business without making necessary any change in the supply of money. An additional supply of money, moreover, which by Itself would tend to make prices rise rapidly, rtimulates credit and thereby increases business so that the demand for means of exchange is in time Increased and the upward trend of prices is retarded. Considered through long periods of time, ho said, the Influence of credit under the modern system of produc tion is to cause a gradual fall of prices. The more the credit system is oxionaea. ana me cneaper tne ex change by credit bocomes to society, tho longt? is the price-level to falL ProfessoC Lawrence Laughlln, of the university ft Chicago, in discussing "The ThedSy- of Prices," said: As a rule, price 1b the outcome of condl iteiMi antecedent to the formal act o ex change of Roods In the market for any terms of money. The amount of purchasing pewer is not synonymous with the amount of the medium of exchange in circulation, but corresponds rather with salable goods. Very often the ntfflla of exchange arc creat ed as & conseatsvtco of the transaction In geedE. Hence tbey can have no effccl on the making of prices. All the elements teuohlng the acquisition of an article (Labor, material, etc.), the intensity of dema?4 .for It from consumers, the influence of monop oly conditions all those are in constant op eration In determining" the price wLch will be settled upon by tho seller a.d the buyer. "When these forces have dea their work and a price has been fixed if. the markets. th goods thus valued in tcTins of standard (geld) are actually exchanged by some me dium of exchange, which In these days is seldom the standard commodity. To me, therefore, the other quantity the ory was an Improper application of tho law of demand and supply, since it treated only or the demand Tor and the supply of "mon ey (and did not even define this "money") as regulating the general level of prices, while it omitted all consideration of the forces on the good side of the prlco ratio. Professor John R. Commons, of the Uni versity or Wisconsin, in discussing Hundreds of our choicest styles to select from. Our stock is as complete as at any time, this season, owing to recent arrivals, and our already modest prices wilt he cut so as to cause a speedy clear ance. $15.00 and $18.00 RAINCOATS -f 1 Q and OVERCOATS $11 lOJ $20.00 RAINCOATS and l5QC OVERCOATS $ 1 0.03 $25.00 RAINCOATS and ' 1 1 Q QK OVERCOATS P 1 OO $30.00 RAINCOATS and (tOA QK OVERCOATS pZ jT.OD All Our New Topcoats at the Same Reduction. SELLING 'The Causes of the Union Shop Policy," said: Tile union shop is labor's protective tariff. It is. necessary where that kind of protection. Is not found. Wages in Government em ployment depond on politics and universal suffrage and do not need the protection of the closed shop. Railway employment is similar, and tho railway brotherhoods are protected by a long line of promotion, while the scale of wages Is issued as a general order by the company, and applies to non- unionists as much as to unionists. The Machinists' Union, which is compelled to protect itself by closed shop agreements in general manufacturing, makes only open- shop agreements with the railroads, where employment is in the hands of small com peting contractors, as in the building and clothing trades, the closed shop is necessary. The nonunion contractor, with cheap and imported labor, would -drive the union con tractor out of business. In the stove indus try, bituminous coal mines and others, the agreements are open shop, but this is be cause the employers' associations are strong and willing enough to enforce the agree ment on all of their members, which the unions could do only by the strike or closed shop'. In these cases the open-shop question is only academic, because one association docs not try to destroy the other, but only t destroy the excesses of the other. A ques tion, which la tho realm of pronouncements ana abstract rights provokes class hatred, brings Its cwn solution when men acknowl edge mutual rights. In many cases the em ployer gttr a consideration to which he is entitled ocly when he agrees to tho closed shop, ac when he gets tho advertising of the union tbtl. or when he gets the support of a national uMon In enforcing a local con tract, as la the case of the Typographical Union, the Longshoremen and many others. The circumstances differ greatly in different industries, and. the question cannot be set tled on union principles, but take the prin cipal circumstances into account. John (Graham Brooks, president of the Amorican Social Science Associa tion, read a paper entitled 'The Issuu Between tho Open and tho Closed Shop." He said: There is little use in discussing this sub ject apart from the temper and purpose of the parties Involved. A good many trades unions have used the closed-shop principle and its weapons both brutally and stupidly, but plenty of employers are using the open shop in a spirit that is probably more dan gerous to social welfare than the coarsest ruffianism of the trade unions. Bide by side with these excesses we have open and closed shops in which business is conducted with admirable and common satisfaction. There is not the slightest danger that the closed shop will become universal in this country. Strong and well-disciplined unions J do not need IU weak and struggling trade unions may get a temporary advantage that is at the same time a social advantage. A large group of. employers is now making its tilt in the name of "liberty," but industrial organization on both sides has Introduced something so like a. revolution that we do not know what "liberty" means as applied to a specific industry like garment-making in the overflowing market which low-class labor offers through immigration in a place like New York City. The employers In that Industry have won the open shop, but If It should be found that petty, warring con tractors could not be controlled; that wages should be cut and hours lengthened, is that consistent with "liberty." and "true Amer icanism" ? If with the closed shop- the union win $2 a day and eight hours, it may well forego some aspects of personal feeling. Or shall we say that the open shop of the sweater with $1.25 and a 12-hour day is more desir able because the workers are "free"? In industrial conditions like these, we are not to be comforted by any unctuous rhet oric about Americanism and freedom. For any formal limitation on this freedom there may be conceivably the amplest, compensa tion. In such special industries as I have Indicated, social utility and security must test even, the biggest phrases. If, again, the dosed shop, brought about without any violence and with the consent of the employer, as in some of the cigar factories, results in a good living wage with eight hours and improved conditions, whllt outslds the union there remains a destruct ive competition and many children em ployed, is it not grotesque to make .words llko "liberty" and "Americanism" synony mous with that kind of haphazard compe THE MORNING OBEGONIAN, DECEMBER 30, 1901. tition? Liberty is not adequately defined In terms of the employer's pecuniary interest. It also has social connotations which wo are only beginning to learn. Professor A. Pratt Andrews, of Harvard University, spokd of "Credit and tho Value of Money." His final conclusion was with re gard to the influence of credit, that it can only servo as a substitute for coin when it exists In transferable forms. The fixed forms of credit can not definitely settle payments, ho said. and they fall accordingly of making any real or permanent extensions of tho currency supply. For a limited inter val they may make possible a moro ample trade or may support a higher price-level, but in the long run they only serve to enlarge the subsequent demand for actual currency. They aro in no sense substitutes for money and only rarely does their existence tend to lower money's value. OPPORTUNITY OF FILIPINOS. Professor Reinsch Says Commission Should Be Given Free Rein. CHICAGO, Dec 29. Professor Paul Reinsch, of the University of Wisconsin, made a plea for better government of tho Philippine Islands before the American Political Science Association today. His subject was "Colonial Autonomy." "We have been telling the Filipinos," ho said, "that if they learn English and vote they will be happy, but what we must do is to give them an opportunity to live." Political considerations, he asserted, were at the bottom of our taking over the islands, and have played too great a part In the methods of administration: "Up to the present time the Philippine Commission has had Its eye on Congress and upon public opinion," he continued, "It should be given a free hand and bo responsible only to the Insular Depart ment of tho Government, and not made to answer to Congress and an uneducated public opinion." Tho tweaker declared that the United States is carrying out a mixed policy f assimilation and autonomy through the assimilation of our institutions. He as serted that he did not believe In such assimilation as would give the Filipinos statehood, because our experence with the negroes and Chinese, ho believed, has shown that there are some races that will not assimilate. EMINENT MASONS DINE. James W. Cook Entertains a Notable Company at Dinner. James W. Cook gave a most enjoyable dinner at his residence, 1S1 Eleventh street, last night for a number of C3d degree Masonic brothers. The table was tastefully adorned with Christmas greens and the walls of tho dining-room were draped with the Stars and Stripes. One American flag, among the others, attracted especial attention, it having been in Mr. Cook's possession for 29 years. It did service In decorating Clifton, Or., at the birth of the Centennial year, when It was, entwined with more than S00 others. Mr. Cook's guests last night were: Irving W. Pratt, sovereign grand inspec tor for Oregon; Philip S. Malcolm, Ben jamin G. Whltehouse. Louis G. Clarke, John M. Hodgson. Judge John B. Cleland, Colonel John McCrakcn, Donald Mackay, Jacob Mayer, Seth L. Pope. ex-Senator Joseph Simon. Douglas W. Taylor, Judgo M. C. George, Henry L. Plttock and Gen eral Thomas M. Anderson. May Retain Esquimault. VICTORIA. B. a, Dec. 29. Advices re celved at Esquimalt from the British Ad miralty state that the proposed abandon ment of Esquimalt by the navy may be reconsidered. The Admiralty Is influenced in this- regard mainly by the question of expense, and whatever the fate of other stations in the empire, many high officials hold the Importance of Esquimalt makes its retention worth the expense. in nncitinn n nflfW n flom nlfit.fi anr? linhrnVpn linfi KBEMfr $11.85 Every one of these Suits is HAND jMAQE. Most stores charge $20.00 for similar grades. They are mostly single-breasted sacks; a few double. A GRAND BARGAIN rarely to be obtained. EVERY SUIT in our immense stock, including FULL DRESS AND TUXEDO SUITS, greatly -reduced. LEADING CLOTHIER SOLDIER GETS JAP PrivateThompsonWorries Jiu Jitsu Wrestler. LEADER FINALLY BESTS KIM After American Athlete Had Beaten Jiu-Jitsu Man Gen. Nil, Although Injured, Retrieves Japanese Wrestling Honors. At the first exhibition of the Japanese jlu-jltsu stylo of wrestling ever given In America, Private B. L. Thompson, of tho Nineteenth Infantry, physical In structor at Vancouver Barracks, with the American stylo of wrestling, defeated the first opponent pitted against him. Ho was only thrown by the second and mas ter wrestler, General Nil, after a severe struggle. The exhibition was held in the Marquam Theater last night, and the little brown men showed to a large audi ence the many tricks of their art, but met with an unusually strong opponent in Private Thompson. General Nil de cided not to meet Thompson himself, as he had suffered a broken rlbt and left him to his understudy, who ' was no match for tho husky American, with all his fancy tricks. Redeem Lost Honor. So General Nil, not to give victory to the American, left the stage and reap peared in a few minutes In wrestling cos tume. Mcanwhlje Thompson had been entertaining the audience with some gymnastic trlrcks of vaudeville charac ter. When he met General Nil, for the first few moments he treated him much as ho did his understudy, but after thumping the floor with the wiry little Jap, found ho was the victim of ono of tho best of the jiu-jitsu holds, the throat hold, and "was vanquished. It was a strictly Japanese night, for all hut two of the performers were subjects of the Mikado. The exceptions were E. L. Thompson, physical Instructor at Van couver Barracks, and Prof. M. M. RIngler, who is a student of General Nil's. Pro fessor" RIngler," in addition to explaining to the audience the many different kinds of attack apd defense, gave an exhibition with S. Jahlwara and M. Nakajl. Within a very short time Professor RIngler has gleaned a considerable knowledge of Jiu jitsu, which is said to be. In a large measure, responsible for Japan's constant victories against the Russians. On the number of points gained Professor RIng ler was beaten, according to the way tho Japanese count points, but at all times he proved a worthy opponent of the wiry little Jap. Woman Holds Off Assailant. The parts of the programme that pleased tho audience roost were the Jap anese fencing: more, perhaps, on account of the funny exclamations they made when they won a point than tho actual mode of warfare. The "Attack In the Park," whence a little Japanese woman successfully defeated, and with a ven geance, too, a big Jap twice her size, showed conclusively what an American woman could do if she was familiar with this science. Tho little Japanese girl not only defeated the big fellow, but she did something that was not on the pro gramme. Little Koyama was so deadly In earnest that when she got a strangle hold on her opponent, she did It with such a vengeance that he was left lying on the stage unconscious. General Nil was forced to use his method of restora tion. Tho big Jap was so sorely handled that he could not take part in another $ 3.95 Overcoats 5.00 Overcoats 6.00 Overcoats 10.00 Overcoats Every Overcoat in the house reduced. Sailor Suits-Exactly Half $2.50 Sailors 1.25 $3.00 Sailors . ......l $1.50 $5.00 Sailors : 2.50 BEN part of tho programme on which he was to appear. When Private Thompson came to try conclusions with a Jap, there was a great deal of interest taken in that event. Owing to a broken rib which General Nl had received on Monday, ho had not in tended to appear, but when Private Thompson, who by the way is a splendid example of the American athlete, defeated tho Jap that was pitted against him, Gen eral Nil, seeing that the honor of Japan was at stake, decided to take Thompson on. In justice to Thompson it can be said that he was well tired out In defeating his first man, and he was also greatly handi capped by wearing the Japanese coat in which they do all their work. In splto of this, Thompson made a good showing. His defeat was due to the fact that Gen eral Nil used a famous Jlu-jltsu trick on him. Nil fell to the mat and during the struggle for holds got the famous jlu-jltsu strangle hold on Thompson, and then, falling backward, burled his foot in Thompson's throat. The soldier tried to break the hold by bouncing Nil on the mat, but the Jap refused to be torn loose, and ho soon had Thompson strangled into submission. Thompson Is anxious again to meet General Nil and Is still willing to trust to the American style of wres tling as against the jlu-jltsu. Taking the whole performance, it was a success. TEAM GETTING INTO SHAPE. Multnomah Men Working Hard for New Year Game. The Multnomah team put in a, hard hour's practice last night, all the men showed up and the work wnnt smoothly. Plowden Stott, Stanford's quarter and formerly Multnomah's quarter, was out with the team and helped with the coach ing. He taught the team a couple of Stanford's best ground-gaining plays, and these will bo worked against? Seattle next Monday. Pratt and Stow showed up especially well, and Captain Dowllng, in spite of the Injuries he received at Seattle two weeks ago, was In the game all the time, and If his sora shoulder gets well as fast as ho expects It to, ho will play his usual fine game. He was unfortunato in going Into the game last Monday with a badly wrenched shoulder, which kept him from doing his best, but the team hopes to see him in shape to play against Seattle. In case he Is not, Stott, who took his place against O AC, will play that end, so the club will' be well provided for at any rate. Lonergan and Horan, two of the best backs Multnomah has ever had, showed their mettle also, and the way they worked their plays bodes no good for the aggre gation from the Sound City. Keller at center will be the fixture for Monday and Dolph will play his usual brilliant game at fullback. It is up to Multnomah to put her strong est team. In against Seattle, as Seattle de feated Multnomah 5 to 0 In Seattle on, De cember 17, and unless Multnomah can play a better game than she did at that time the wearers of the "blue and white" will turn the trick again. Seattle will send down a stronger team than the one that defeated Multnomah in Seattle, and the game promises to be one of the hardest and fiercest struggles played on the local gridiron this season and after the Mult-nomah-O. A. C. match, this Is saying a great deal. WILL EAT UP PORTLAND. Seattle Athletic Club Makes Changes for New Year's Game. SEATTLE. Wash., Dec. 29. (Special.) Lawrence Bogle, an "old Seattle High School boy, who missed the team at Stan ford this year because Wellcr crowded him out, will accompany the Seattle Ath letic Club eleven to Portland, and may be used either In the line or behind It. Bogle Is In his second yea'r at Stanford and has Improved on his form he showed here while with the High School team. Being home for the holidays, he turned out last night at practice with the Ath lete Club team, and showed up well In his work. Bogle will be played In ono of the tack - - - - - - - 17. Mr t.oo SELLING les, or at end, if he Is put in the line, and at either half or full If he .goes bohind tha line. The Athletic Club Is planning new line-ups for offensive and defensive play, and it may be that Bogle will' be used In two positions. The High School boys still with, tho lower school team are going to Portland with the club delegation. Ike Dowd, tha 165-pound left end of the High School team, will be in tne same position with the club. Dowd is a good, aggresslvo player, and a tower of strength on de fensive play. Lewis, a second High School boy. goes along as a substitute, and may go In at either tackle or end. Aside from Dr. Roller, the star of the Multnomah game here, the club draw3 on the State University for two local lads who wll bo in the team at Portland Sat urday. These are: Tom McDonald, de fensive quarter and offensive left guard, and Dan Pullen. who will be sent- either to tackle or end. Both Pullen and Mc Donald were In the university team this year, and both are In good condition. The definite line-up of the Seattle Ath letic Club has not been agreed upon, and it is likely there will be a number of Im portant changes ovor tho team that met Multnomah before. All these changes will serve to strengthen it, for the cream of finished men is being chosen for the In vasion. THE DAY'S RACES. Results at New Orleans. NEW ORLEANS, Dec. 29. Tho results today were: Seven furlongs Pawtucket won, James H. Reed second, Harpoon third; time, 1:30 3-o. One mile Gravina won, Bengal second. Homestead third; time. 1:42. One mile and one-sixteenth Foremast won, Gregor K. second, Court Maid third; time. 1:48 4-5. Six and one-half furlongs Aurevoir won. Vestry second, Heldern third; time, 1:21 1-5. FIve furlongs Triple Silver won. Oris kany second, Baywood third; time. 1:01 4-5. Six and one-half furlongs Moorish Dam sol won. Antimony second. Midge third; time, 1:21 3-5. ' No Favorites Won at Ascot. LOS ANGELES. Dec. 29. The 18 books at Ascot today had an easy time of it, as. every favorite was bowled over with reg ularity. There were no features except tho winning of Red Damsel, at 20 to 1. In the first race. Hlldebrand was fined $100 for crowding and cutting off Cerro Santa with Interlude In the second race. The weather was clear and the track fast. Summary: One mile Red Damsel won, Varro sec ond. Great Eastern third; time. 1:42. Six furlongs Durbar wop, Cerro Santa second. Interlude third; time, 1:134. Silver Slipper handicap, one mile Elie won. Princess Tulane second, Evea G. third; time. 1:40. Slauson course Tim Hurst won, Joe Kelly second, Anona third: time, 1:10. One mile and one-sixteenth Blissful Mp-- have Elgin Watches. "Timemakers and Timekeepers," H WfM? an illustrated history of the.watch, sent free upon request to jpT ELGIN NATIONAL WATCH CO., ELGIN, ILL. Girls' Coats Are TAILOR MADE. About 50 in the lot, to be closed out at ONE-THIRD LESS. $12.00 GIRLS' COATS AT S7.95 $10.00 GIRLS' COATS AT $6.65 $8.00 GIRLS' COATS AT $5.35 $5.00 GIRLS' COATS AT 3.35 Boys5 Sweaters $1.00 Sweaters ..65 p $1.50 Sweaters -98T $2.00 Sweaters 1.35 won, McG-athiana Prince second, Akela third; tim 1:46. Seven furlongs Lomred won. Golden Light second, The Major third; time, 1:27. Three Favorites Land Money. SAN FRANCISCO, Dec. 29. Today's card at Emeryville had no special fea ture. Three favorites landed money. The summary: Five furlongs Bronze Wing won. Emma Rubold second, Troy -third; time. 1:02. Six furlongs Sad Sam won, Sol Llch tensteln second, Mlmo third; time. 1:14. One mile Adirondack won. Barney Dreyfus second. Batidor third; time. 1:43. Five and one-half furlongs A. Musko day won, Piatt second. Smithy Kane third; time, 1:08. Futurity course Dainty won, Mistys Pride second, Martinmas third; time, 1:10. One mile and one-sixteenth StlHcho won. Budd Wade second, Sunny Shore third; time, IMS. JOCKEY AT HIGH PRICE.' Domlnick to Ride for Smathers for Six Thousand Dollars. SAN FRANCISCO, Dec 29. (Special.) James Hnnby has closed a contract with Sam Hildreth for the services of Jockey Eddie Dominick for next year. The con tract was made by Hildreth for E. E. Smathers,. and dates from January 7 to November 5. The price paid for first call on Dominlck's services for that period is $6000. Domlnick will also be paid for all of his mounts. Hildreth has a string of over 30 coming 2-year-olds that are said to be the finest in the country. He has sold them all io E. E. Smathers, but will have entire charge of their racing. Dominick has not been riding here In many races, for the reason that ho finds It too hard to reduce his weight in this climate. CONTEST BOUTS FOR AMATEURS Arrangements Under Way for Cham pionship Meet. The Peerless Athletic Club is attempting to hold an amateur boxing contest for the championship of the Pacific Coast and the Pacific Northwest. Entries are now being received and the leading amateur athletic clubs of the Coast have been in formed by Fred Mullcr, of the Peerless Club, of his intentions. He intends hold ing contests some time late in January in feather, light, middle and heavy-weight classes, and expects local men as well as talent from Washington and California to take part. At the Peerless Club tonight there will be a contest for the feather-weight cham pionship of the club between Fred Dcm mitt arid Jim Dranga. Patience I thought you had a collie- dog? Patrice 1 did before I moved. "But this is a daschund?" "Yes. 1 had to make a change: the ceilings are so low." Yonkers Statesman.