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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (May 22, 1905)
12 THE MOENINGr OBEGOfcTtAN. MONDAY, MAY 22, 1905. STREET IMf IS TO BE S OLD Eastern Men Will Purchase Portland Consolidated for Six "Million Dollars. DEAL ABOUT CONSUMMATED Announcement of the Transfer to Be 2Iade "Within i'ew Days Inter ested Parties Arc in the City. IMMIGRANT ARRIVALS POR'TEX 1DATI REPRESENTS. Miles of track 120 Cars 2) Capitalization Iwsued stock $1,000,000 Treasury stock.... l,00.0i0 $3,000,000 Dividends paid. 5 per cent on.?4.000,000 Cod of chares ?1W Selling priee naked $6,000,000 The Portland Consolidated Street Rail--vay Company will be sold Inside the next week for the approximate sum of J6.000, (00, if the negotiations now under way are completed as It Is expected they will be. If the deal Is carried through it will mean t new era in electric railway development in the vicinity of Portland, according to report, and there Is sood ground for be lieving that the sale of the property is now as pro Oil as consummated. Yesterday afternoon a partj of Eastern bankers reached the city, accompanied by Frank L. Brown, of San Francisco, one of the stockholders of the Portland Com pany and the real father and originator of the recent deal which resulted in tho merging of the Portland Railway and the City & Suburban Street Railway Com panies. The party consisted of Frank SII llman. Jr.. of Scranton. Pa.: C. A. Pcar pon. James S. Clarke. Percy H. Clarke and Herbert L.. 'larke. of Philadelphia. Mr. Silllman Is the representative of the banking firm of Seilgman & Co., of New 'ork, while the other gentlemen are here in the interests of the banking-house of Clarke & Co.. of Philadelphia Mr. Brown Is representing the brokerage-house of Brown & Wilson, of San Francisco and New YoiTc and the Anglo-American Bank, of San Francisco, besides being a stock hoJder In the Portland Consolidated and a representative of the interests of D. O. Mills, of New York, and the Crocker In terests of San Francisco. Sale Will Take Flacc. It was rumored some time ago that there was probability of the Portland Consolidated being sold at an early date, but as time uassed and nothing more came of the rumor it passed out of mind. The arrivals yesterday, however, confirms the story and places it on a sound foot ing as to fact. Frank L.. Brown, under whose direction it may be said the visitors from the East are -being brought to Portland, is a man welljknown in 'he city. He was formerly . resident here and was one of the prom inent directors and stockholders In the old Portland Railway Company when It used the cable system, and afterwards. He is at the head of the firm of Brown, Spear & Co., of San Francisco, is promi nently identified Tyith three large steel corporations of the. country, one in San Francisco, one in New Haven, Conn., and one in De Kalb. 111., is the representative of the D. O. Mills and the Crocker inter ests in the Portland Consolidated Com pany, besides being heavily Interested in the company Itself. Brown Engineers Deal. Tt was Mr. Brown who conceived the idea of effecting the consolidation of the Portland Railway Company and the City & Suburban, and It was he who engi neered the merger. Since that change was made Mr. Brown has come to the conclu sion that the company could be put on a broader basis and could be extended per haps, and has therefore laid the matter before the banking firms of Seligman & Co. and Clarke & Co. with the result that their representatives are now in Portland to buy the property. After conference with the officials of the Portland company, so it is said. Mr. Brown offered the Portland Consolidated property to the two Eastren banking houses for $6,000,000. Their consideration of the offer was brief but satisfactory and representatives were at once sent to Portland to look over the entire plant, check up the different departments and. if everything was as represented, to close the Investigations toy the purchase of the system. Capitalized at $3,000,000. The Portland Consolidated Company Is capitalized at 55.000.000. of which sum 5i.OO0.O00 is In issued stock while the re maining 51,000.000 is retained as treasury stock, being held in deposit In the bank. The company has approximately 120 miles of trackage, has 230 cars now on hand .and is constructing many more, has sev eral large bams which cither have been or will "soon be enlarged and improved, besides having other property In differ ent parts of the city. The shares of stock are valued at 5150 each, and the corporation is now paying a dividend of 5 per cent on a working capitalization of 5i.000.OW. It Is understood that a pretty definite understanding has already been reached between the management of the Portland Company and the prospective Investors and that it Is but a matter of a few days until the sale is announced. The sale will be negotiated through the Anglo-Ameri can Bank, of San Francisco, of which in stitution Mr. Brown is the representative. The visitors will remain in Portland for a week or perhaps longer and have made arrangements to that effect. They will oc cupy the time in investigating the street railway property and visiting the various interesting things to be found in Port, land and vicinity. "We have come to see the Lewls and Clark Fair and to visit Portland." said Mr. Brown last night, when asked to tell something of the plans of himself and his party. "I would rather make no state ment at this time other than that. We pimply know that Portland is a beautiful city, that the Lewis and Clark Fair is to be a very Interesting Exposition, and we have come 1o stay for a week." Fur ther than that Mr. Brown would tell no talcs but he had a quiet smile that au gured there was more behind the visit than he desired to explain. Growth of Xorth Yakima. NORTH YAKIMA. Wash.. May 20. (Special.) The population of North Yaki ma Is 6976. Tle work of enumerating the people has just been completed by G. S Vance, appointed by the City Council for the place. The population, according- to the census of 1?60, was 3142. This makes an increase of 121 per cent In five years. the greatest gain that nas been made by any city of the Northwest. The figures show that thero are SS9S xnalec and 3186 fenaks, or $ wore males than females. There are 50 Japanese. 3i Chinese and 79 negroes. The Is crease ia population in the territory Immediately surrounding the city limits Is greater than in the city. NEW RAILROAD BUILDINGS KoundhoHse, 3Iachlne and Paint- Shops Under Construction. The reconstructed roundhouse in Lower Alblna on the terminal grounds Is nearing- completion. The roof is being put on. Twenty-two new stalls, 85 Xeet deep, are being added to the original structure on toe old foundation which was left when the half was built some 15 years ago. On the old stone foundation northeast of the present machine shops, a fine brick paint shop 340x80 feet Is being built. Here the brickwork has heen finished an the heavy timber trusses for the roof aTe lifted into position. This building will contain 10 pits. Work has been started on the mod ern machine shops northwest of the present shops. Here a traveler Is "being used to erect the steel frames for this structure. The south half of the steel cobweb frame has been lifted, and last week work started on the north half. It will be 162x339 feet, and will be built of brick and steel. It will contain two traveling: cranes. One will have power to lift 120 tons and will be able to lift part or all of a big locomotive. The second crane will be able to han dle 15 tou6. It will be provided with modern machinery and will be the most complete machine shop In the North west. When the new buildings are com pleted, which will be In about two months, the present machine shop will be come a boiler-house and the present paint shop building will be used as a store build ing. SMALL CROWD AT THE FAIR Bad Weather Keeps Visitors Away From the Exposition. There were two reasons why only a small crowd went out to the Fair grounds yesterday. In the first place the weather man spent the day dumping all his bad consignments to have a clear record for June 1 and thereafter, and people re mained indoors, but there was a deeper reason than that: Portland people wish to feel just a little unfamiliar with the grounds when they pay their first full admission and the big show Is on. Mr. Wakefield and Mr. Davidson and the rest who will keep their eyes on the shekels which roll In at tho ticket win dow do not fancy this propensity, but they have to admit it. It was well enough to see the buildings grow and the whole place take shape, but to see the final touches put on which make the thing a whole Is to spoil the effect. At least so many think. The Fair as a whole is still a thing of the future. The various parxs which go to make it up are ready, but the clear ing away of the freight cars and rail road tracks, the installation of brass buttoned ticket men at the gates, the drawing of coverings from the exhibits, and down on the Trail the Oriental music piping up through the night air when these things are all combined, the Presi dent touches the button which sends up the curtain from the stage, then the city will turn out as a whole. But mean while It is not eating Its dough to have the fuller enjoyment of the cake. WANTS THE BONDS ISSUED Mayor King, of St. Johns, Says They Are Necessary for the City. Mayor W. H. King, of St. Johns, is anxious that the voters of that place au thorize at the special election today the Issuing of 510,000 in municipal bonds. He set forth his reasons for a favorable vote, as follows: 'The city can purchase a site for build ing a city hall cheaper now than at any time In the future, and secure a better location, as property will increase in value rapidly and more than offset the Interest on the bonds Issued. The present citj' hall Is inadequate to our needs and is a disgrace to any city. It Is Impera tive that we have a public dock and fire apparatus; also that an outstanding note be paid. "We understand that there Is a report being circulated to the effect that a por tion of the amount realized bj the issu ance, of bonds will be used to pay salaries. and we wish to state that the city char ter rorhl&s the use of money so raised for any other purpose than the ones named In the call for said bond election." A mass meeting was held last evening in the United Evangelical Church in the intcre.it of St. Johns being made a dry town. Addresses were delivered by Rev. G. L. Tufts, of the Anti-Saloon League. "Rev. E. E. McVickers and others. FIRE BURNS ALL DAY LONG "Wilkesbarre looses a Handsome Structure "With Great Loss. WILKESBARRE, Pa., May 2L One of the most disastrous fires that has oc curred in this city in years started early today, and not until afternoon were the firemen able to control the flames. The loss will reach 5305,000. The fire originated in the millinery de partment of the Isaac Long dry goods house In the Wells building, on the west side of the public square, one of the hand somest and costliest structures In Wilkes barre. When first discovered the. flames were promptly controlled by the firemen in less than one hour. A second fire broke out In the basement of the building an hour attcr me nrst one had been subdued. Those who wish to practice economy should buy Carter's Little Liver Pills. Forty pllls-In a vial: only one pill a dose. MAKE i OF 231 WASHINGTON ST PORTLAND' OREGON MENS CLOTHES The Meier & Frank Store Portland's Greatest Store Fireproof Burlap for Exposition work, red and grn in any quantity, third floor. Principal Portland agents for the Butterick Patterns and Publications. Subscriptions taken for the Delineator at $1.00 per year. Custom Shade and Drapery Work our specialty Lowest prices guaranteed. 200 Handsome Silk. Waists Values Up to $ 11 for $3.98 Great Monday special in silk waists 200 of them Taffetas and crepe de chines in fancy and tailor-made ef- fects Light and dark color ingsPlaids, plain colors, blacks - Lace and tucks trimming Waists for street, dress and evening wear Values up to $11 each on sale today at the phe nomenally j QiL Qft low price of P Come early if you want the best - Special lot of 500 cotton Shirtwaists in Lawn, Swiss, Organ dies, Cotton Etamines and Linen, trimmed In lace and embroid ery; made with surplus front; entire front of embroidery or lace and tucked yoke; exceptional values at 2.92 35c, 45c Ribbons 21c Yd. 10,000 yards of all pure Silk Ribbons comprise a great ribbon carnival we have planned for a few days. Beautiful Ribbons three and one half to five Inches wide, suitable for belts, girdles, neckwear and millinery purposes Black, white and Immense varieties of styles and colors Taffeta Ribbon. Moussellno Ribbons, fancy sllk-warp Dresden Ribbons Ribbons that would be cheap at 35c, 40c and ioc a yard, your choice from the entire lot at the ex- - tremely low price of (while they last) per I 14c yard Special purchase of five hundred pieces of all pure Silk Taffeta and Satin Taffeta Ribbons, three and four Inches wide, 25 colors, the grade always soltf at 25c a yard you can buy here at, yard Women's $5Shoes $3.65 Pr. "Women s patent leather and vici kid Shoes, French heel, turn soles, Shoes of the high est grade in all sizes; regu lar $5.00 values, tf on sale at, pair. .. V" Women's vici kid Lace Shoes, French and Cuban heel, welt soles, all sizes, t best $5 values, pr. Women's Oxfords $2.35 Broken lines of Women's Low Shoes in patent leather and -ici kid, French heels, $3.00, $3.50 and. $ival- e ues. at. pair 500 pairs of Children's fancy Shoes, many styles and colors; sizes 2 to 8, lace and button ; regular t $l.o and SjJl.oO values, on sale at the very low price of, pair. 500 pairs of Children's Shoes, in kid, patent and box: 15 calf, sizes 8 to 11, $1.50 and $2 values, for, pair. . . V & 500 pairs of Misses' Shoes, kid and box calf, regular y $2.00 and $2.50 values, in all sizes at, pair Matchless Hosiery Bargains i'ffiaaMii The new hosiery buyer is stir ring things up in an unusual way The newest and best m women's hosiery at prices with all profit cut off That's his way of making friends 1000 pairs of "Women's medium weight 1-and-l ribbed black cotton Hose, guaranteed fast color, sizes 8 to 11; the best 35c values we ever of- yi fered at, pafr?a.wrs.vC "Women's plain black Lisle Hose, medium and gauze-weight, gar ter splicing and double soles; best 40c value, on sale at this low price, pair. . ,OC SOO pairs of blisses' black cotton Hose, made with linen knees. double sole and full fashioned feet, sizes 6 to 10; p best 25c values, on sale at this low price, pair I C Boys' extra heavy ribbed' black cotton Hose, double sole P and knee, sizes 6 to 10; value extraordinary at, pair $ 10SilkPetticoats$6.45Ea. Another great three days' sale of high-grade silk petticoats starts here today - 200 of them made of superior quality taffeta silk Deep pleating, ruffles, tucked or three bias pieces AH the leading colors, blacks and plaids Perfect fit ting, well made petticoats of splendid style and quality Every skirt in the lot regular $10.00 value choice Mon day, Tuesday, Wednesday ... Mail orders will receive our prompt and careful attention $6.45 The Meier Frank Store Portland's Greatest Store 60 New Covert Coats $6.25 Ea. ill Promptly at o'clock this morning we will place on sale a special lot of 60 handsome new covert jackets at $6.25 each Every garment m the lot of attractive style and desirable ma twial We've sold hundreds of them at $10.00 each They are tight-fitting, collarless, satin-lined, English fly front, bishop sleeves with tucks Finished at hand with cuff Strictly tailor made coats in all sizes We don't expect them to last through the day, so if you want one1 of them, you had better arrange the household duties so you can come down early this morning Your choice $6.25 Accordion Pleated Skirts $7.50 200 of the popular "Dixie, accordion pleated walking skirts Made of black, navy, brown, red, tan and white cashmere t it i: t 3 tx T- r i i -r i. . 7 f v - - - ruu accorqion pieauns ueep snirrea yoie wen made throughout The best skirt value we have offered this season Careful investiga tion will prove them far superior in every way to any similar style skirts being offered around town Mail orders will be promptly filled 8000Yds.ofSilkSiiitings $1.00 Values ?9c $1.25 Values 89c The greatest bargains in Silk Shirtwaist Suitings; thousands of yards of this season's best styles in two qualities to be sold at less than manufacturing cost. "We relieved a large wholesale house of a large share of their surplus stock at prices that should create the liveliest selling of the year. Every woman to town wants to share in these grand values : Lot 12000 yards of fancy Silk Shirtwaist Suit Silks in a big assortment of styles; stripes, figures and checks in all the best color combinations; Silks we've sold thousands of yards of at $1.00 yard; your choice at the extraordinary low special price of, y?.rd. "9 1 Lot 22000 yards of high-grade Shirtwaist Suit Silks, of fine quality; checks, figures and stripes in a great assortment; best colorings; worth up to $1.25 a oq yard, on sale for, yard O 2500 yards plain colored Voiles, immense line of colors to select from, $1.2o qual...97 All-wool cnecKea voiles, very pretty, serviceable material lor bummer dresses, rrQ - waists, skirts, etc; large variety to select from; best $1.00 values, aty yard......x BargainsinBoys'Clothing Washable clothing for boys at special sale prices This sea son's very best styles are marked at most economical figures Wise parents will supply the little fellows' needs this week and effect a considerable saving Second floor Take elevators Boys "Washable Sailor Suits, Crash and blue-striped Ducksages 5 to 10 years; the greatest "Wash Suit value ever offered at, suit. ..98 $ Boys' "Washable Suits in Kusdan Blouses, blue, pink and tans, ages 2 ?i in ft -iron . -vein ran nfrnrrl tn hnv a Tialf-rinzpn smts at ktiit: ftS Bovs' "Washable Russian Blouse Suits in plain blue and pink-striped rore 3 nrnc 91 rt ft x'oarB- mar. t velous values at this low price faa Boys' Washable Knee Pants, Crash, plain and striped Ducks, ages 3 to 15 years; great values at this low price, pair tfsJC Boys' Washable Knee Pants in Linens and heavy Crashes, also Crt white Duck, ages 3 to 15 years, at the low price of, pair VIC Boys' Khaki Suits, long trousers, plain military style, 3 to 14 yrs.S1.25 Same as above in Norfolk styles, suit $1.50 Young Men's white Duck Trousers at very low prices. Second Floor. Boys' "Washable Suits, sailor blouse styles, striped Chambrays, com bination collar and shield, ages 4 to 10 years; special value. .$1.89 Boys' "Washable Kilts, Crash with red and blue trimming, 2 QQ to years, $1.25 values, at the low price of .O C 75c EMBROIDERIES 39c THE YARD 3000 yards of Swiss and Nainsook Embroideries, 5 to 10 inches -vvid'e; daintiest designs; big variety; values up to 'iO-. 75c a yard, on sale for, yard 3JC Valenciennes Laces and Insertions, to l1 inches wide; best patterns ; values up to 80c dozen yards ; your choice XjQf during this sale at, dozen yards HfrG DOTTED AND FIGURED NETS LOW PRICED 45-inch dotted and figured Nets in white, cream and ecru; beau tiful styles in great variety; wonderful values at 75 c values for 49c yard 85c values for 59c yard $1.50 vals. for $1.12 yard - $2.50 vals. for $1.79 yard GREAT SPECIALS IN THE BASEMENT Mrs. rottrf Ouneroa Nickeled Sad Irons, t-t for 88c lfiOO Window Screna, 24x42 Inches, at low price of, each ....2Sc Rollman'a famous Cherry Seeder for low prloa of. each CSc Porcelain Salt Boies 21c Best Wire Meat Safes, lare elze, ood value, at, each .......,........$1.13 Wooden Chopping- Bowls He Double Mlndnsr Knives......... ;..llc Garden Trowel each 3c 1-bumer Oil Stoves C-2c Fruit Prces, each .10c CUT GLASS AND SILVERWARE Cut-GIafls Bowls, fancy cut, best 45 val ues, each.. $3.83 4.50 Xapplte. S-lnch, for..... $3.60 5-lc handled .Nappies, J 2.60 values, on sale for 10-In. Cut-GlasB Vases, regular T values, for , 3- Beautiful Cat-GIaaa "Rose Bowl larg slxe. id value.. $7.23 When In the basement, don't fall to see our lmmenee line of Solid Silver Souvenir Spoons, in many stylos and sizes. -t-pdece Silver-plated Tea Sets, regular $12.50 valued $9.80 Silver-plated Candlesticks for only.. ..$1.47 4-plece Silver-plated Coffee Sets, rcgular $12 values $9.78 SUver-plateS Breadtrays 08c Rogers 1847 Beef Fork 48c Gold Bowl Berry Spoons lor only.. ..$1.37 Notions and Small Wares Sale Fancy frilled-edge Garter Elastic for, yard .........11c Flat Darners, each ........7c Laundry "Wax; 3 pieces 5c Hook-on Silk Elastic Hose Sup porters for, pair - 19c Roberts' Gold-Eyed Needles, book. sale price 10c 83c Combination Needle Book lor sale price ..63c S5c Accordion Flaiters. etch... 39c Gibson Adjustable Shl'lda, Nos. 2. 3. 4, 50c, 60c, 70c pair. Double-covered Silk Shields, Nos. 2 and 4. 19c and 31c pair. Pearl-head Shawl Pins ..3c Asbestos Iron-Holders, each. ...3c CO-In. Tape Measures, each..... 3c Globe Pin Books, each ....2c Black and White Toilet Belt Pins. great value ,. 3c Good, strong Pins sheet ...lc Tracing "Wheels, each. .....3c Card assorted Safety Pins 3c Package assorted "Wire Hairpins, great value ..3e Cube Toilet Pins, all colorsl....5c Cc package Needles, each....... 2c No. 4 Stockinet Shields, pair.... 8c rnkk HE-V; $46 Tailored Suits $34.25 100 of our highest grade tailored suits for women to be sold today, Tuesday and Wednesday at a ridiculously low price Serges, Panama cloths, voiles, shepherd worsteds and broad cloths ki blouse, eton and jacket styles Flounce or pleated skirts m navy, red, green, brown, tan, black and checks Beau tifully made aad trimmed Fancy end plain tailored creations The richest garments we have offered this season $44.00 mid $46.00 values to be sold for three days at Regular $34.25 Wonet wantiag a high-cits dress or traveling suit should'nt miss this unusual opportunity Our showing of silk shirtwaist sntsis the largest m the cky 1000 copies of Von Tiber's popular dance folioj "Teas ing." eta, 75c value, on sale Monday at, each 12&C