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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (May 30, 1905)
"it VHE ItORKISG OEEGONlAjr, TCESDA.Y, MAY 30, 1905. SIS AND THE CITY'S MONEYS Smaller Institutions Say the Larger Ones Are Hoggish. J WOULD CONTROL FUNDS Larger Concerns Say That the Secur ity Offered by Proposed Amcnd vnicnt'WouId Safeguard Mu nicipality's Interests. Big banks of Portland arc accused by the lesser competitors with having set up a job to hog deposits of city funds, in the charter amendment which proposes to change the method of securing those moneys. And the big banks, such as the First National, together with Its satellite, the Security Savings & Trust Company, and Ladd & Tilton. are charged with hav ing put the Job through the Legislature last Winter. Under the present system, deposits of city funds are secured by indemnity bonds of surety companies to double the amount of the deposit. Under the proposed sys tem such bonds would be eliminated, and in their stead would be accepted those of the City of Portland at their face value, equal to the amount of the deposit; or bonds of the State of Oregon or of coun ties, municipalities or school districts therein, or of recognized railroad or street railway companies, whose market value in each case would exceed by one-fourth the amount of the deposits. The big banks are said to be scheming to use a lot of inferior bonds which the lesser institutions do not have In their assets, such as bonds of the City & Sub urban Railway Company, for securing the city deposits. They are also said to aim at crowding out their competitors and re ducing or eliminating the interest which now accrues to the city from deposits. Big Banks Make Ilcply. The , big banks and other advocates of the amendment aver that indemnity bonds are not adequate security for the city. The other banks answer that such bonds are -as safe security as any, and that they are o regarded all over the United States. Supporters of the amendment say that the proposed system would bring In more revenue to the city from interest than at present. Opponents of the amendment retort to the contrary. City Treasurer J. E. "Werlein favors the amendments for he bellves that the pro posed system would make the city's money safer than if secured by indemnity bonds. The securities, proposed, he thinks, could be more readily converted Into cash In case of financial collapse, and he be lieves Would tend to enhance the value of Portland bonds, by increasing the de mand for such securities. The present method, he says, does not make the banks compete for the city funds; on the con trary, he has found difficulty in inducing the banks to take the city money. The other side makes reply that the menace of the proposed amendment was the Influence that stifled competition and that the money will be sought for by the banks should the amendment be voted down. What Opponents Assert. J. Frank Watson, president of the Mer chants National Bank, Is one of the fore most opponents of the amendment. Said he. yesterday: "It is my opinion that the interest which the. banks now pay to the city will cease, if the, amendment shall be adopted. The amendment will favor cer tain banks that are supplied with bonds with which to fulfill the conditions of the amendment. Other banks do not care to invest in these securities and prefer the old method that is ill the banks are asked to bid for the city funds and those whose proposals are accepted are to give to the city a surety bond In double the amount of the deposit they are to re ceive. Surety bonds are accepted by the United States Government In all con tracts, and by railroad corporations the country over, and must, therefore, be a first-class security. "I can see no reason for any change and the only excuse for this amendment is that it would favor certain banks in this city, which can, fromv their own holdings, supply the bonds as security. "Banks not holding these bonds will not old for the money and the result doubt less will be that the banks havlrig the bonds to furnish will get the deposits of the city .funds without paying any in terest." Last year banks paid to the city in interest J13.S50.75. The rate ranged from 2 to 4 per cent. Last Saturday the amounts on deposit were: United States National. 2 per cent open account ....$200,000.00 Merchant5 National, 2 per cent. open account 150,000.00 Bank of California. 2 per cent. open account 100,000.00 Portland Trust Company. 2i per cent. 8 days' notice to bank 60,000.00 Portland Trust Company, 2?i per cent, 30 days' notice 50,000.00 Ladd & Tilton. 4 per cent, .Improve ment fund 184,912.60 "Would Hurt City, He Says. Benjamin I. Cohen, president of the Portland Trust Company, Is another opponent of the amendment. He says that Indemnity bonds of the strong: surety companies, which do business in Oregon are jrooj security and that the securing: of public deposits by such bonds has proved satisfactory all over the United States. He is of the opinion that the amendment would deprive the city of all or the greater part of the Interest it is now receiving from banks. The present system, he says, . encourages competition between banks but the proposed system would elimi nate competition and put deposits in some favored bank, which would de cline to pay interest after it had rid itself ot competition. He believes fur ther that the proposed system would cnableythe favored depository to use Inferior bonds in securing the city's money. The city's, bonds, he says, would seem to be a very good security for its own funds, but In emergency they might not readily be converted Into cash; .they were not listed on stock exchanges and must be sold by private negotiation. Mr. Cohcns Statement. Mr. Cohen made the following state ment, yesterday for publication: Under the laws of the State of Oregon none "But." strong surety , companies can afford to do . business here. They are required to make "a deposit ot 550,000 with the State . Treasurer, and the result Is that but fen- of such companies are doing business In this state, and those few are the very best of the lot. This matter of using surety companies to secure public deposits has been thorough ly tested all over the United States, and has universally proved satisfactory. The' United StaUs Government bonds Its officers In a surety company. The Collector of Customs and the United States Marshal are both bonded by surety companies, and It would bf no unusual thing for the Collector of Customs to receive as duties upon a single cprgo of teas or silks more money than the City of Portland would have on deposit In any one bank at any time. A few years ago the City of Baltimore, Maryland, received from the ale of the Western Maryland Railroad the sum of about $8,000,000; about one-half of this sum -was deposited with various banks and trust com panies of that city, secured by surety com pany bonds. In 1003 the Maryland Trust Company failed, having on deposit $300,000 of the city's money. The city called for Its funds, and upon the very day that the money became payable, by reason of this call, the surety companies paid over to the city the sum of $300,000 with $4,412.52 In terest thereon. In like manner the City of Ballard, Wash ington, collected from the surety companies all the money that was on deposit with the Ballard Savings Bank, which closed Its doors. The County of St. Louis, Minnesota, collected from the surety companies all the money which was on deposit with the Com mercial Banking Company, which became bankrupt, and I can multiply these In stances Indefinitely. On December 31. 1004." the City of Portland had on deposit with local banks the follow ing sums: Ladd & Tilton. $179,470.3$. 4 per cent cer tificate of deposit; Portland Trust Company of Oregon. $50,000. 2 per cent certificate of deposit; Portland Trust Company of Oregon, $50,000, ZVx per cent certificate of deposit; United States National Bank. $170,015.60. 2 per cent, subject to check; Merchants Na tional Bank. $50,000. 2 per cent, subject to check: First National Bank, $3385.01; total. $509,777.19. The amount of Interest received by the city from the first four banks above-named would amount to $14,342.35 in a year. All of them that have given the city any secur ity gave surety company bonds, as It would not have been profitable for them to deposit securities. At the close of the business on May 27. 1905, the city had on deposit in local banks the following sums: Ladd & Tilton. $194,912.00. 4 per cent cer tificate of depoclt; Portland Trust Company of Oregon, $50,000. 2i per cent certificate of deposit; Portland Trust Company of Oregon. $50,000. 24 per cent certificate of deposit: Bank of California. $100,000. 2 per cent, sub ject to check; Merchants National. $150,000. 2 per cent, subject to check; United States National, $200,000. 2 per cent, subject to check: total. $744,912.00. All of the above banks that gave the cit security used surety company bonds, and the) amount of Interest to be received by the city. If the above remained on deposit for one year, would be $19,421. It Is proposed to submit to the voters at the June election an amendment to the city charter by which hc banks will be deprived of the privilege of giving surety bonds, and will In lieu thereof be required to deposit as security for city funds "bonds of the City of Portland equal to the amount of deposit, or well-recognized railway or street railway bonds, the Interest upon which has not been In default for a period of six years prior to the offer of such bonds as security, and the market value of which Is such that the net returns from the bond Is no greater than 5 per cent per annum." Where state, county, municipal or school bonds, railway or street railway bonds arc offered as security the market value of the same at all times' shall be not less than one and one-quarter times the amount of any deposit in such bank or banks. 1 am very strongly of the opinion that the taxpayers of the City of Portland should vote against this proposed amendment, for the reason that It will undoubtedly deprive the city of all or the' greater part of the In terest which It Is now receiving from the banks for the city funds on deposit. It Is not consistent with the principles of sound banking for any bank to lock up $125 of Its assets for the sake of securing a deposit of $100. and while It Is true that one or two of the richest banks In the City of Portland might possibly do It temporarily for the purpose of ridding themselves of competi tion of other banks, still In the long run they would find It so unprofitable that It would end by the city funds being given to some favored bank which would accept them on deposit, but would decline to pay Interest on the same after It had once rid Itself of competition. I can Illustrate this by assuming that the city desires to make a deposit of $100.w) on whjch It desires to get 2?i per cent In terest. Under the present system It would work out as follows: $100,000 at 2i per cent, $2750; premium on surety company bonds. $250: cost to bank. $5000. with no locking up of the bank assets. If the bank loans the $100,000 to its cu tomers at 0 per cent to develop our trade and commerce the profit to the bank will be $3000 per annum. Under the proposed amendment the bank would have to take the funds out of the channels of trade and buy- say $121,000 of Oregon Railroad & Navigation Company's bonds at 1034. which would cost $125,195. thus locking up $25,195 of the bank's assets In excess of the $100,000 received from the city. The bank would receive from the O. R. & N. bonds: Interest at 4 per rent. $4840; would pay the city. $2750; profit to bank. $2090. or $910 less than under the present system. It Is therefore obvious that under the pro posed system the banks cannot afford to pay the city as high rate of Interest as at present: moreover there would be a constant temptation upon the banks to try' to force upon the city inferior bonds. It has tyen In timated in certain parts that the city would be offered as becurlty bonds of the City & Suburban Railway Company. These bonds are not. In my opinion, suitable to bp used for this purpose. They have undoubtedly In trlnslc value, but they are not listed upon any stock exchange and can only be sold by private negotiation, and hence cannot, from the very nature of things, have any well-defined market value, nor can their ready sal be depended upon in the event of any sud den panic or stress In the business world. Any bank would hesitate to deposit good securities like the O. R. & N. bonds for the reason that those same bonds can be used In the New York markets to borrow up to 90 per cent of their market value. The call loan rate for money in New York for some little time has been 24 per cent. You will note above that In order to "secure $100,000 of the city's money the banks would have to put up $121,000 at par of the O. R. & N. bonds. If these bonds are selling at 103H. as above indicated, so as to have a market value of $125,195, the bank could borrow in New York at 2 per cent $112,075. There wouJd therefore be no object In the banks taking Portland city funds, unless they got them either without interest or else at a merely nominal rate, and this would. I think, be the way In which the proposed amend ment would work out. unless the intelligent taxpayers vote It down. It will be noticed, however, that the pro posed amendment allows the deposit ot bonds of the City of Portland, equal at par to the amount of the city funds deposited with the bank. A very plausible argument Is made that this would enhance the price of city bonds. I do not think, however, that any weight should be attached to this argu ment. It Is quite true that If city bonds were deposited the city money would be safe; that Is to say. that if a bank failed the city having Its own bonds on deposit would be In a position to cancel the amount due by the bank, by cancelling an equal amount of Its bonds, but some question might arise as to whether or not, the city could raise cash in an emergency by selling Its bonds. If It did not wish to cancel them, because while the credit of the City of Portland Is very high, our bonds arc not listed on any ex change, and consequently must be sold by private negotiation. Our 5 per cent water bonds, when they change hands at all. bring about 113. and , hence the price Is prohibitive in so far as their purchase by a bank to be deposited with the city at par is concerned. Our city street and sewer bonds, which pay 6 per cent interest, have been selling lately at 104. but these bonds are paayble on any interest day and In consequence are not favored by any but local Investors; hence I believe that if the city desired to realize upon any of them during a panic, when our local investors were not in funds. It would find It Impossible to dispose of them at any price whatever. Under the present system there Is liable to be competition among the banks for city funds, and although just now the banks may be somewhat chary In coming forward, fear ing the effect of the proposed amendment. I am very sure that when once this impolitic and unwise amendment Is snowed under by vote of the taxpayers, the banks will again 'come forward and bid for any amount of city money that may be temporarily Idle. Missing Girl Found in Hospital. Miss Leah Gamble, a young woman i who has been living with her parents in I the Rutland Hotel and wh disappeared j Sunday afternoon, has been located. She I is at the Good Samaritan Hospital, where she was operated on by Dr. Harry Mc i Kay. Her physician declined, when re- quested, to state the cause of her ill ness. Miss Gamble's disappearance very much distressed her mother and sister, as she left the house without proper clothing, according to statements made o the po lice Sunday, when the matter was report ed. The name of a man employed on a boat running out of Port land .was left with the Police to gether with the statement that heTnlght be able to furnish Information concern ing her whereabouts 1 THE STRIKERS Keynote at Carpenters' Union Open Meeting. SCHEME TO UNITE LABOR Plan Proposed by W. S. U'ltcn to Have State Kejrulate Differences f Between Employers and Employes Considered. . At an open meeting of the Carpen ters' Union last night, In their hall at 66 North Sixth street. W. S. U'Rcn was the principal speaker, and while his re marks, were confined chiefly to a con sideration of the relations existing be tween employers and employes, several other topics cropped out in the course of the discussion that followed his talk J. T. O'BRIEN. NEW lhatno doubt will develop into some thing: interesting before the matter Is settled. After referring: to the possibilities of industrial war, Mr. U'Ren said: "We all know that there Is no law In Ore gon but the law of might to settle any dispute between the workman and the employer: and ive know, too, that we have the power to make law for the just and peaceable settlement of any dispute that may arise between them. I believe that organized labor should Invite organized omnlovers to unite In helping to draft the bills and propose do"n ,town- , the laws that will provide for Indus- Ch!c Pcc Hunt also foundit ne trial peace In Oregon, and to that end ssry j as?lsJl on,c Patrolman to duty I ask you to consider the following ! at ,Th,,rd an- Morrison streets for the plan- : exclusive purpose of looking after the "Let a committee be appointed by fel' of Pedestrians and team traffic organized labor and organized employ- there. ers to prepare the necessary bills to L ' create courts for the settlement of all J rrnD PAD U C A nni I A DTCDO disputes and differences between work- rUn U. M. n. nCAUUUAn I tHo men and employers; also to enforce the I Judgment of these courts: to prohibit strikes, lockouts and boycotts under any circumstances, and to make both thc workman and the employer in ev ery such dispute legally responsible for costs and expenses." After the proposed Legislative bills had been carefully considered by both sides, the speaker's idea was cither to submit them to thc people by Initia tive petition at the election next year, or introduce them in the Legislative Assembly a year from next January. "In my opinion," said the speaker, "the work already done in New Zealand furnishes a practical basis from which to start. The preparation of these bills will require statesmanship and legal ability of the highest order. The states men can be found in the ranks of both organized labor and organized em ployers, and the lawyers can be hired." Considerable intelligent discussion of the various subjects broached by the speaker followed, the question of at tacking the validity of the Initiative and referendum being weighed at some length, and the single-tax theories also coming in for a good share of atten tion. Some one asked how the prin ciples of single tax could be applied to corporations like department stores and public utilities like street rail ways and telephones, and Mr. U'Ren's reply that he hoped to see the day when all the public utilities would be owned by the Gdrernment provoked general approval. He did not consider single tax an absolute cure ror social evils, but it was a long step in that direction. J. W. Shrader. candidate of the So cialists for Mayor, also held the floor for awhile, and sounded a note of warn ing that the industrial classes should let dead political issues alone and be-, come educated to the idea of voting together as a working class, believing that they would soon be in a position to control the situation if they should become as conscious of their class in terests as are the commercial and capi talistic class. This brought another Richmond in the field In the person of H. C "Waller, of Mukogee. I. T., who Is here as the advance agent of industrial unionism in general and to organize the cooks' and waiters' craft in particular. "If you have got the brains you claim to possess," -said lie, "why don't you con ceive a plan that will make your 156 different labor organizations work un der one head?" He advocated a grand union meeting of all the local labor or ganizations at once to aid the Chicago strike, holding that the failure of the strike there would be a blow that struck at the vital part of organized labor. It is likely his agitation on the subject will have the effect of attract ing a union mass meeting to some cen tral point next Sunday, as his remarks produced a profound impression. It is probable also that some action will be taken at that tkne with reference to the opening of the Exposition, the gen eral talk that followed bemg of an acrimonious character so far as the methods employed in the settlement of the strike at the Fair grounds are concerned. Some of the speakers fa vored marching out there In a body on the opening day and giving vent to their pent-up emotions on the subject. It was proposed also to agitate the question of having tnc City Council oass an ordinance making it compul- sory for every engineer to be licensed. Portland being: the only Important city that is deficient In this respect. CGMPLAIN OF STREET-CARS Patrolmen Say Their Stops Block ade the Crossings. Great Inconvenience to the public Is i being caused by care of the Portland J Consolidated Railway Company, accord- j Ing to a teport made to Chief of Police Hunt lust night by Patrolman Galbralth. littnt lust nignt oj rauuuuiii uaiuiuui. The officer states thatbecause cars stop I on erodings in the down-town districts, j n:ckaces result ana pcopie are com- ; petted to wait or walk around. j "Street cars on Washington street and in other sections of the city often stop i Willi HIV lillUUl lng. .rendering It Impossible for pedes trians to cross." sayr- Patrolman Gal bralth In his report to the Chief. "This should be stopped, as .it often causes a complete blockade of people on the corners," the report continues. "The cars should not stop within 10 or 15 feet of ciosrfngs, for the convenience of the pjbllc" Patrolmen on the beatp in the central portions of the city have-frequently com plained about the same thing PolUeman Galbralth reported last night, but no for mal reports have been made regarding It. It has been the practice of the street car operators ever since the lines were laid to stop cars wherever -they pleased, and the report of Policeman Galbralth GENERAL 31 INAt'KIt FOR HARRI3IAN LINES IN C KEG ON. seems to be the first complaint made pub lic against it What action, if any, will be taken Is not known. There is an or dinance against the blockading of streets, but whether or not it would apply to this situation Is yet to be determined. Patrolmen have also complained about the high rate of speedy at which street cars are run In the cltj limits, and be cause of the alleged recklessness of the agents of the company In this regard It has become necessary for patrolmen to pay special attention to the surety of 1 Persons along the lines, more especially These "Will Be at Scllwood Durlnj the Fair. - Major T. C Bell, who was made su perintendent of the G. A. R. general campground at Scllwood by the com mittees of the four Portland posts, has the preparation of the grounds well under way. The O. W. P. Co. has estab lished a station at the corner of the Park on Spokane avenue, making it very convenient to reach the park and return to the city. Waterpipe is being laid to the park, and the O. "W. P. will provide electric lights. The veterans who attend the encampments at Ore gon City and Vancouver, 'and who In tend to spend a time In Portland at the Fair, are requested to bring their tents, or rent tents. A number of tents will be pitched in the park by the wid ows of veterans for rent to those who may want them. Two Important campflres are being planned and looked forward to. One will be on the evening of June 24, in the park, following the conclusion of the encampments of Oregon and Wash ington, and the other encampment will be held when the National commander comes to Portland. These are the two Important events,, but there will be others, for which provision will be made. Headquarters for the G. A. R. will be in Sellwood. at the home of Major T. C. Bell, 579 Nehalem avenue, and telephone No. Scott 391, and hye will furnish information as to the camp ground, how to reach it and all about tents on application. It is expected that there will be a large attendance constantly at the . campground during the Fair, as the cost of living In the parkl will be small and within the means of the veterans. They will be enabled to stay longer in the city and visit the Fair oftener than would be possible If they were compelled to put up at hotels or In private rooms. The posts have made -considerable appro priations toward fixing up the 'ground. There are ten acres in the park, and it is really a beautiful and ideal camp ground. It is reached by electric cars or launches on the "Willamette River. Hallway Changes Annoirhcccl. As a result of the appointment of Su perintendent Scott, of Salt Lake, to the position of superintendent of the west ern division of the Southern Pacific at Oakland, several changes have been announced by General Manager W. H. Bancroft, of the Oregon Short Line. The changes made or to be made are:, E. C Hanson, superintendent of the Idaho division. Is to be appointed superintendent of the Salt Lake divi sion, including- the Luclnjut-off west to Sparks, Nev.. with headquarters at Ogden. Utah, vice "V. R. Scott resigned. G. if. Olmstead succeeds Mr. Mnnson as superintendent of the Idaho division, with headquarters at Pocatello. T. J. Duddleson, acting superinten dent of the Montana division, vice Mr. Olmstead. promoted. H. V. Hilllker, superintendent of the Utah division and Union Pacific lines west of Green River, with headquarters at Salt Lake, vice H. V. Piatt, resigned. H. J. Roth, assistant superintendent of the Utah division and lines of the Union Pacific west of Green River, vice tlr. Hilllker. promoted. TALKS ATSUNNYSIDE Mayor Williams Speaks Campaign Issues. on nrrtrilTtrO ODCninilC Dl rAO HfcrU 1 to OrtUIUUo rLfcAo Candidatc for thc .Mayoralty on the Republican Ticket Iteeelvcs Cor dial W'clcome From Voters on the East Side. Mayor Williams spoke to the citizens of Sunnyslde last night In explanation of the Issues of the present municipal campaign. The hall was well filled with residents of Sunnyside. who listened to the address of thc Mayor with great Interest, breaking Into applause time and again as he scored some point for his cause. As In previous speeches thc Mayor stated his position to be upon the ground of Republican principles and a fearless. Independent and upright conduct of the city's business should he be elected to fill the Mayor's chair for another term. He held that since he had been the nominee of the Republican party at the primaries, he was by that fact entitled to the support of the Republican votes when election day came. It was not always necessary to vote for a man because he was a member of one party or another, the speaker ar gued, for it might be that an unworthy man was at some time nominated for an office: but in this case, in view of his record Jn public life for the past fifty years In many offices, and In the office at the head of the city administration. Mayor Williams thought he deserved the support of those who considered him to be a respectable man. He had worked faithfully for the city at all times and in all ' ways and had served the people officially to thc best of his ability and as the nominee of the Republican party de served the support of Republican voters. Refutes Specious Argument. The speaker also refuted the argument of the opposition that there were no po litical Issues at stake in the present cam paign. He called to mind the fact that it had cost the city J4200 to hold the primary election, and argued that if the nomina tions made at the election meant nothing to the men voting, then it would be best to go ba-:k to the old system of conven tions, where there was no cost borne by the government for the first steps of an election. The primary election law. ' far from doing away with party legislation, went to the other side and by its provisions made party politics necessary for Its op eration. A man under the law had to register as a partisan before he was en titled to vote at the primaries. The cry ot the opposition, and of Dr. Lane, that the movement against the Re publican candidates was a citizens move- : ment was simply a blind and It It were successful it would mean tfiat a roek ' ribbed Democrat would be placed at the head of the city administration, and that , he would fl!l the whole list of offices at his disposal with Democrats as firm in their convictions as he was himself. Mayor Williams then referred to the statement of Dr. Lane that he had learned from discussion with old residents that he, the Mayor, was an honest man. and he stated that he was certain if the old residents could have the settlement of the dispute now on hand there would be but one solution, and that In his favor. Comparison of Records. In the discussion of the records of the two men the speaker called to the atten tion of his listeners the many places of. National trust and importance he had held during his public career and men tioned the great part he had taken in the history of the Nation as well as in the upbuilding of the state. He then placed this In comparison with the record of Dr. Lane, who had failed of reappointment at thc hands of Governor Pennoyer when superintendent of the Asylum because of alleged extravagan.ee In the handling of the Asylum supplies. "If we are to stand before the people on our records," said the Mayor, "and I say It without any disparagement of Dr. Lane, then I am willing to put my record against any living man. In all those of fices which I have filled my Integrity has never been questioned." The speaker refuted the allegation' that he was in favor of an open town or that he had aught to do with thcv saloon ele ment or the gamblers. At the close of 'his remarks he was applauded and, after the meeting, was surrounded by those who wished to speak to him and shake his hand. Following the Mayor. Frank S. Bennett, candidate for Councilman in the Eighth "Ward: Dan Kellahcr, candidate for Coun-cilman-at-large. and John Sharkey, can didatc for re-election from the Eighth Ward, all made short addresses. SPEAK AT SOUTH PORTLAND Democratic Candidutes Tell What They Will Do. .South Portland Democrats gathered at Tcrwllllger Hall, last evening, and lis tened to their party war horses discus campaign Issues. Dr. Harry Lane was there, assisted by V. K. Strode, Colonel Thomas Guinean, Charles Petraln and H. W. Parker. The audience was composed of about 150 persons, who sat on boxes and improvised benches. Dr. Lane opened the bombardment with a discussion as to the perplexities con fronting the may6r of the city of Port land, and how he would endeavor to han dle them should he be elected. He also talked at some length on thc office of the city engineer, city Improvements, and how they should be established and main taincd. He said in the course of his speech: "The city engineer should, be a man of good character, whom I could trust Im plicitly and make my friend. I would then be in a position to go round with him and Inspect city work, and could In a measure act the part of the Missourlan. who said, 'Yo'u will have to show me.' If I had such an official under me. I would at all times be ready to stand by him. and be responsible for his actions. "In regard to licensed gambling, I be lieve that If the city has a right to go Into partnership with vice, such as gambling undoubtedly Is, I don't see any reason why it should not go Into partner ship with every form of crime, and oper ate on a large scale. It seems to me to be just as reasonable. "My sympathies are not with the gam blers. I have known many nice gentle men who were gamblers, .but'my sympa thies wero not with them. I recollect watching a gambler In a little town up the country on one occasion, when he was dealing. I asked him aoout the different games and what chance an outsider had to win. Finally he said, 'Well; I wouldn't buck any of the .games, even -with coun terfeit money. If he. with all his skill. was afraid to- risk bogus money, why shouldn't the rest of us. who are not so skilled, stay out of the game? "They say we get the money from the loggers who come to town. Somebody is dependent on the loggers. We might Just as well have the city officials stop the loggers at the depot and sandbag them and take their money. Then we would get more In the city treasury, and have leas trouble? I also believe that open gambling Is harmful to children, who see about them persons who are bet ter dressed than their parents and who appear never to work. It has a bad In fluence, and ought . not to be tolerated, and If I am elected it won't be." At the conclusion of Dr. Lane's remarks, V. K. Strode discussed municipal politics, and Charles Petraln. candidate for Muni cipal Judge, spoke on the conduct of that tribunal. Colonel Thomas Guinean and II. W. Parker, candidate for Councilman, com pleted the programme by making a few suggestions as to the courses they would pursue in vent of election. HE EXPRESSES HIS MIND. Paget .Makes Some Caustic Remarks About Citizens' Ticket. . j , j i,1":?- rT?0 .thM Edltor;l": I Frlenda of the Municipal Association and thc I citizens ticket are jm industrious in circu- latins a report that I have either realigned or am not seriously considering- my nomi nation for the office of Mayor, that I again request the privilege of your columns In or der to assure the voters of this city that such U not the case. It any excuse were needed It Is abundant ly furnithed by the facts contained In the foiiowinsc letter, which i addressed this mom- !uon thC ecr-eury or the MunlcIPal Assoc!- John Bain. Esq.. secretary-Dear Friend: I very greatly appreciate the kind spirit run- rung through your letter received this morn- lng. I have never for one moment had the least doubt but that you always act from motives ox ine nignesi ana most unseinsn pnn- i cipie, aunougn i cannot ior tne lire ot me understand how you and your associates can reconcile yourselves to such policies as are Included In the support of our Citizens' ticket when I observe that one of Its nomi nees sat on the platform and' supported Maor Williams whilst he denounced our pastors as "liars and scoundrels. 'and another nomi nee begged the audience he waa addressing to support the straight Republican ticket, em bracing George II. Williams and Larry Sul livan, whilst still another of your candidates sanctioned (as a member of the Council li cense committee) on Friday last another Fair entrance ealoon in face of the mighty protest that has been ralred. Dr. Harry Lane advises those with. Prohi bition proclivities to vote for B. Lee Paget, and you must excuse me If I modestly take his advice. Incidentally I might remark that It is dif ficult to find on the Citizens ticket men who are unconditionally worthy of support, except they be the party Prohibitionists, or Dr. Brown, or H. W. Stone, who have been heretofore generally regarded as such. Youro faithfully. B. LEE PAGET. AGAINST ANNEXATION. rrotest Against Bringing Into the City That Territory Lying Between Hawthorne Avenue oa the 2'orth, to the City Limits on the West, Section Line Road on the South, and West Avenue on the East. The undersigned residents of and property owners within the above-named territory base their protest upon the following grounds: First There are not. sufficient inhabitants within the designated limits to make the ex tension of the city laws over It necessary. Second By including It within the city the people residing there would gain nothing, but would be compelled to bear an additional burden of taxes. Third The. act under which It Is sought to have thU tract added to the city Is so drawn as to deny the Inhabitants within it the right to vote upon the question of whether they shall be added to the city, a proceeding which Is not only un-American, but Is un usual, unjust and to the last degree repre hensible. Fourth A very great portion of the tract In question is used for agricultural purposes. and cannot bear the burden of municipal taxation. The list Includes representatives -of almost the entire population of the- 'district. Rufus Mallory, Richard Nixon (by Marlon Dolph). F. W. Baltes, II. F. Cooler. Fred Joss. J. W. Roots. T. A. Roots, A. H. Ripley. w. H. Woodruff. Mrs. Alice Olsen. W. M. Patterson. Mrs. Z. P. Tozler, A. Tozler. L. A 1 Coddlngton. J. A. Thompson, w. Hutchinson, George vath, S. W. Lawrence. H. E. Crock- ...... .... ctt. W. D. Woodman, J. O. Mctcalf, Helen M. Falling. George W. Langley. F. A. Ball. E. A. Breyman. F. A. Coleman. M. G. Cole man, N. C. Bowen, A. Johnson. J. Johnson. G. Salta. P. S. Malcolm. John Nordln. Art Klnne. John Paus, Jacob Gimmelsbert, Joe Tra verso, Henry Rleff, R. R. Bratton, Alex Mattson. Tony Traverso, F. Schweitzer. Henry Lensch. K. Elssler, F. M. Freeman. MEMORIAL AT HIGH SCHOOL Ex-Senator Thurston and Judge Xorthrun the Speakers. At the Memorial-day services held In the assembly hall of the High School yes terday, the principal speakers were Judse H. H. Northup and ex-Senator Thurston, of Nebraska. Patriotic, tributes to the Nation's dead In battle was the general theme of all the addresses delivered. Senator Thurston went further, however, and spoke a beautiful eulogy on Grant He dwelt on the military heroes of history. Caesar and Napoleon, the few who ranked with Grant, and told how they turned the strength of their armies against liberty, while Grant coupjed to his military genius a love of liberty- that made him the recreator of the greatest liberty-loving nation. It was spoken In Senator Thurston's happiest mood and re ceived the due tribute of applause from . the audience. But though this applause was spontaneous and hearty, it could not i equal that immediately following -when t Principal Davis announced that there would not only be no school today, but ! none on Thursday, the opening of the Fair. The stage of the assembly hall was banked high with roses. It seemed as If every pupil must have brought an arm ful. Of these, the most beautiful bunch was selected as a gift to Mrs. Thurston, who was on the stage. Stephens' School Exercises. i ne exercises oiepneus atnuui jca- terday consisted of saluting the flag, vocal and Instrumental music, recita tions by the pupils and addresses by Dr. C. E. CHne and Bishop David H. Moore. When you feel all tired out and broken up generally, take Hood's Sarsaparilla. TODAY 15 THE DAY To Begin Taking Better Care of Your Health. When the Rlfiors of the "Winter have Weakened and Depressed your Vitality And has Brought In Its Wake the usual train of COUGHS and COLDS, Relnvlgorate Yourself by taking Which will put Life-Force directly Into your Slood and carry it quickly through every part of the Body. Vitalizing -your Nerves .and Bodily Organs. Ozoroulslon Is the only Vitalized Emulsion of Cod Liwr Oil with Hypophosphltes of Lime and Soda. Glycerine and GualacoL A Preventive and Cure for LA GRIPPE. PNEUMONIA. CONSUMPTION. CATARRH; BRONCHITIS. "WEAKNESS OF LUNGS AND CHEST. THROAT TROUBLES, and a RECUPERATIVE for those Recovering from WASTING DISEASES. Sold by all Druggists. Two SIzes--8-oz-and 16-oz. Bottles. A TRIAL BOTTLE FREE will be sent by us to any reader of The Ore gonlan on request, so that sufferers In every walk In life, can test It for themselves and see what Oaomunlon will do for them. Send us your name and complete address, men tioning tlils paper, and the sample free but tie will at once be .sent to you by mail, pre paid Address OZOXULSI0N CO.. W Pise St., New York. THE TEW FOE A. LITE ALWAYS THEEATEIED BT NEBV0US PE0STRATI0I. Oho Who Broke Down from Six: ' Overwork Tells How Sao icay4. Misery of Enforced IdlAaeaa. "I hud been teaching in t& city icbools steadily for six years," said Kiss James, whose recent return to tha work from which she was driven by nervous collapse has attracted attention. "They were greatly overcrowded, especially ia primaij department of which I had charge, and I had been doing tha work of two teachers. The strain waa too , , , vr mucli for my nerves and two years ago the crisis came. I was prostrated mentally aad phy sically, sent in my resignation and sever expected to be able to -resume work. It seemed to me then that I was tW ixoat miserable woman on earth. I waa tor- tared by nervous headaches, worn opt by 1 inability to sleep, and had u littla blOOd that X Was as White as CpAiX, "After my active life, it Waa kardto bear idleness, and terribly disooMn , , . . iV J . to KfreP P7"lg OUt the Saving of jmn j.ur meuicmes WHICH aid me no gO0a. 'How did yon get back your health ? " "A bare chance and a lot of faiikJed me to a core. After I had snffcadfQc many mouths, and when I waa oa ths very verge of despair, I happened to a4 an account of Home enres effected by Dr. Williams Pink Pills. Tha state ments vrers so convincing that I some how felt assured that these pills "mmld help me. Most people, I think, "bay only one box for a trial, bnt I pnrchaatd six boxes at once, and when I had Used them np, I was indeed well and kad no need of more medicine. "Dr. Williams' Pink Pills enrichadaay thin blood, gave me back my sleap, re stored my appetite, gave me strength to walk long distances without fatioe, in fact freed me from all my nnmerooa ail ments. I have already taught for several months, and I cannot say enough in praise of Dr. Williams' Pink PiUa." Miss Margaret M. James is now living at No. 123 Clay street, Dayton, Ohio. Many of her fellow teachers bars also nsed Dr. Williams Pink Pills and are enthusiastic about their merits. Sonnd digestion, strength, ambition, and cheer ful spirits quickly follow their nse. They are sold in every drng store in. tha world. A Skin of Beauty is a Joy Forever R. T. FELIX GOURAUD'S ORIENTAL CREAM OR MAGICAL BEADTIFIEI TtetnoTf j Tin. Plaplsi, Freckles, Moth Patchex, Rash, sad Skht THieUe. ana ertrj Diesis an beatj. sd de fies detectka. It hss stood the test ot 87 jttrt. sad Is so hsialeis-we tastelttotmsorelt Is properly cade. Accept ao counter feit of slallsr nsme. Dr. h. A. Ssrr said to s lady of the hant toa (s patient): "As 70a ladles will gso them. I recommend .nil mi u R i;renni sis ins tun fluaiiu oi mu me skin preparations." For sale br all druttltis asd Fsaej- Goods Dealers In the united States, Canada asd Europe. FERD. T. HOPKINS, Frcp, 37 Orui Jcnss Sfrad. KnrTarl. 1 OK SALE BY WOOD AH O. CLARKE CO 40 Sizes, 10e to 5a Zea, A. BANTAELLA Jt CO.. Makers. Tarsia. XT. GERSOR I HART, Distributers, Psrilaai, Or. C. QEE WO i ne Great Chinese Doctor lt called great becaus his vtonuerful cures are to well known throughout ths United States and because so many people) ar thankful to him toe saTvInB their Uvea from OPERATIONS He treats any and all diseases with powerful Chinese herbs, roots, liUdS. bark and vege tables that are- entire ly unknown to medical -w)i.ijbi.- , harmless rem. ana tcience m iaia country. . tn different remedies that ha has cvtr 800 different diseases. He- .uccessfully cltarrh. asthma.- lung guarantees to euro nervo.usness. stom troubles. nu.ma"" female trouble and all ach liver. Wkundreds of testimonial, private disease K and . him. "'consultation free Patients out of the city write for blaalc and circular, inclose stamp. Addres THE C. GEE WO CHINESE MEDICINE CO. 253 Alder Street Mention this paper. Portland, Or. Stairway of 251 M Alder leading to my ofSca. DAMIANA Btt California Oamlana litters Is a great restor ative, jpyfcorator and nervine. The most wonderfal aphrodisiac and special tonic for the jeraal crjaas of both sexes. The Mexican remedy for diseases ot the ldo'neTS and bladder. Sells on its own merits. . NABER. ALFS & BRUNE, Agents S23 Marlcet St., San Francisco. Send for areolar.. For sale by all druggists .or liquor dealers. BITTERS la the worst disease o n I II mm mm earth, yet. tha aaaiest IJ I II II to. cure WHSN YOU fm II II 1 1 KNOW WHAT TO DO, Jmw mm Mw Mtr MW Many have pimples. POISON: spots .on the sklsaorea in tne mourn, tucsrs. falling hair, .fees pains, catarrh, asd don't kaow It Is DLuuu i-uJbON. Send to DR. BROWS. 3 Arab sL. Philadelphia, Pa.. for-BROWN'a 1SL.VOU CUltK JX00 per bottle: lasts a a auata. ia. Portland pair y FstANW K&U. Purtlasu. Uatsi Pa&rawwr.