THE MORSIXG O KEG THURSDAY, SEPTEMBER 28, 1905. EQUITABLE WAS GOQB MILK COW Treasurer Tells How Syndi cates Took Biggest Share of Profits. GEORGE W. SQUIRES DEAL Heilicnds S 6 00,000 to Himself Of Xiclnls Can't Find Where Eqult nbic Got Prpflts on Bonds. Schlff Testifies. MBr YORK, SopL 27. Today's session! mC tSke lglstative oommlttec to investigate iMwr&acc methods was given over to the saeUM- C syndicate transactions of the XriuiMe Life Assurance Society. Henry X.. Wtatlirop. assistant secretary and Mcial manager of the society, was Again n the witness stand, and many of Ms fttaioments were accompanied by type. vcrttlOR document giving the valous transactions 'In detail. It was brought out Unu in one of these syndicates Senator Iojw was a participant to the extent of SM&OO and the Senator tos requested to aiftnear before the committee. Mr. Winthron was unable to And where a .record of the profits from a number of th syndicate transactions was made and export accountants now at work on the nooks of the society are expected to un oartk those later. The witness detailed a nnter of loans to the Equitable Trust an Mercantile Trust Companies, as well as the sharing of these companies in syn dicate transactions with the society. Lte in the day Henry Greaves, who bmw a cierk for George H. Squire, former ly a member of the finance committee, was called to supply some information Xflgardtog the "George H. Squire trustee" aeooonnc and from him it was learned that there were a number of these ac oouwts. There was. beside the "George H. Swtre trustee" account, the "Marcel -h Bwtley trustee" account and another te "J. W. Alexander trustee." Mr. Oroavoe produced the bank book of the Soire account and by means of it Mr. livgfces tried to trace amounts that would correseond to profit to this account: but the witness could not remember the items f the amounts deposited. Mr. Greaves was stilt on the stand when the session adjourned for the day. Dion's Shnro of Profits Gobbled. Mr. Greaves, however, gave way tem porarily to Mr. Wlnthrop, while Mr. HMgfcos inquired further regarding syn dicates. Mr. Wlnthrop was asked to fur Mi a Kst of the individual participants kt sywWoaies. and said that President Morton was preparing such a statement. Mr. Wlnthrop said he had no positive In formation of the "James H. Hyde and a.s . e dates" indicate, but he expects to have them tomorrow. Mr. Wlnthrop said for Baltimore. Wash. togton Long Island 4s, a syndicate organized by Kuhn, Loeb & Co.. there wre two naymcnts. one of $500,000. the other of JW.00. The company derived prote of S2SS on the transaction, while J. W. Alexander. G. W. Squire and J. H. Hyde divided profits on the, 3300.000. When asked If the master liad. .been called to the attention of those gentlemen, Mr. 'Wln throp said: -It wiit be." Jacob H. Schlff. of Kuhn. Loeb & Co.. was swopenaod today and it is expected he wm appear to testify tomorrow or Fri day. Mr. Schlff will be asked about the transactions of his firm with the New York Life Insurance Company, as well as with the Equitable Life Assurance Society. Member of Committee Dying. Chairman Armstrong announced that oaftng to the serious illness of S. Fred Xtxoa, Speaker of the Assembly, the com artuoe met under distressing circum stances. "From information at hand," Senator Armstrong said, "it is feared he cannot rooovor. and in the ovent of his death the committee will Instantly adjourn." The Urst witness today was George C. Van Tuyi. Jr., secretary and treasurer of the Albany Trust Company, who produced a transcript of the account of Andrew H&mltton, opened February 21, 1903. He statod that neither the bank nor he had knowledge of the purpose for which checks wore paid in or out on that account. All -About the Syndicates. Mr. Van Tuyl was oxcused and Henry Regors Wlnthrop, assistant secretary of the Equitable Life Assurance Society, re sumed his tostimony as to the syndicate transactions of his company. Mr. Wlnthrop said that in the syndicate arganlzod to take the bonds iRRued on the reorganization of the Union Pacific Rail road Company, the Equitable Society was allotted 1750,000 of the bond, and the prof its the Saciety received from this trans action wore 3750 tskares of Union Pacific preferred stock. The Equitable Society. Mr. Wlnthrop said, paid only for the amount for which it subscribed. Mr. Hughes, counsol for the commit tee, asked why It was that the Equitable Society had paid J750.000 to the Mercantile Trust Company. Mr. Wlnthrop said it was because the checks were paid that way. Several vouchers signed by George H. Squire as secretary of a finance commit tee of the Equitable were shown In evi dence, as also was a letter from Georgo H. Squire for the Mercantile Trust Com pany to Gonoral Fitzgerald, of the finance committee of tho Equitable Society, ask ing for payment of JGO0.OO0 or SO per cent of the Equitable's participation In the Union Pacific syndicate In consequonco of a call by Kuhn, Loeb & Co. Squire's Denis With Squire. "Then," said Mr. Hughes, "George H. Squire first, as an officer of the- Mer cantile Trust Company, writes to the Equitable and asks for 5G0O.O0O and then as an officer of the Equitable, signs chocks paying the money to the Mercan tile Trust Company?" asked Mr. Hughes. "Yes," roplicd Mr. Wlnthrop. Mr. Wlnthrop said that General Louis FItzgorald, chairman of the finance com mittee of the Equitable Society, sub scribed for $1,500,000 of the Union Pacific bonds, and whocvor held the bonds .over the allotments of the 5750.000 to the Eqult able also received for profits 3750 shares or union Pacific preferred stock. In a Northern Pacific .syndicate, the Equitable participated to the extent of 5600,000. and the profits ultimately amount ed to 511.362. This was .not paldln cash, but In Northern Pacific shares, which bp 's pea red on the society's books. In tho Central Pacific refunding syndi cate the society's participation was 5250, 000. Speyer & Co.. the syndicate man agers, sent a check for 5H.074 on Decem ber 15. 1S99, representing the profits. Mr. Wlnthrop said he was unable to find In what account this was entered on the society s books, but the search was still being made. A syndicate to handle Southern Pacific gold bonds was formed and November 16, Speyer & Co., allotted the Equitable 5250. 000 of these bonds. In this syndicate also was the Western National Bank. J. W. Alexander and George H. Squire, the latter three each receiving 550,000 of the hone's. In ISM, the society received a check for 511.921. as Its share of the J profits. ' - In a syndicate formed to hojd Illinois I Central Railroad bonds, which was organ ized by Kuhn, Loeb & Co.. the Equitable Society participated to the extent of t 5500.000. and actually paid In 5472.000. Tho Equitable bought 51.000.000 worth of the bonds in the open market at 94. though the j syndicate price was SS and Interest. Mr. Wlnthrop did not know whether any ' Equitable officers were In that Xransac- j tlon. t During the questioning of Mr. Wlnthrop " it ' was brought out that the Equitable Trust Company loaned the Equitable Life i Assurance Society 5526.006 In the name of ' a clerk, Eugene Barrington. Witness said this loan did not appear on the books of the Equitable -Life. , On the Chicago & Northwestern Syn- I dlcate. In which there" was a participation 1 of the Equitable to the extent of 51.250.000. Mr. Wlnthrop read a letter from Kuhn, Loeb & Co., in which that firm said It had forwarded a check for 512,500 as prof Its. This check witness had failed to find recorded on the books of the Equitable ' The various syndicate transactions were Inquired into by Mr, Hughes. After ob taining the figures in the Japanese bond sales. Mr. Hughes asked: "Did not the Equitable Life become a 9 large purchaser of these bonds?" " j Gave Profits to Trust Company. I "Yes, but we gave the profits of our J purchase to the trust company," said Mr. Wlnthrop. Mr. Hughes was reticent with regard to the last proceedings. He stated that he intended to continue the examination of Mr. Greaves and the mysterious George H. Squire trustee account. As there are a number of entries yet to be considered In the new account and as there Is very little light upon thorn at present, a good deal of time will probably be consumed la trying to And out their true meaning. State May Sue Indemnity Life. CHICAGO. Sept. 27. Assistant Attorney-General Boys and Hawk have called on the policy-holders' committee of the Western Indemnity Life Insurance Company to supply the state with any facts in tholr possession to enable the Attorney-General Immediately to bring quo warranto proceedings against the com pany. It is 'alleged that in the process of the numerous reinsurances to which policy-holders have been subjected, the "scaling" lias been carried on to the point where the amount of insurance intended to be covered by the original policies has been all but wiped out. All Serene With Equitable. NEW YORK. Sept. 27. The regular m'eeting of the Equitable Socloty directors was held today. Nicholas Murray Butler, president of Columbia University, who was selected as a director by the society during his absence In Europe, wrote a letter regretting his inability to accept. President Morton announced that today's meeting was to" all respects satisfactory. HEYBURN CALLS MEN LIARS (Continued From Page 1.) Harold Bauer The Great Pianist Will Soon Appear in Portland Occasionally a pianist comes to America without flourish of trum pets, beating of drums and general alarm without He comes, is heard and conquers by the display of art and temperament. Such a pianist Is Harold Bauer. The piano used on all occasions by this renowned artist la The Mason 6 "Hamlin The Mason & Hamlin piano Is one of the artistic pianos of the day, and takes its place In our stock along side of the Knabe. Everett Fischer, Hardman. Packard. Conover, Vose, Ludwig. and others of national repu tation. If you want the best piano the market produces for the least money, you want to see our stock. Remem ber, we are offering special induce ments at this time. Easy payments If desired. Good second-hand and used pianos from 510 up at 50 per month. Allen SGiibert Ramaker Co. Sixth and Morrison had been published today as a Govern ment document Calls Everybody a Liar. "Full of more lies," he grumbled. "They ! have been lying all along? guess they can keep it up; they can't hurt me; none of them can hurt me; the people of Idaho elected me to my office; I was not ap pointed by the President and the Presi dent can't take my place away. I don't care what he thinks; I dent care what anybody thinks; 1 am sent here to act for the people of Idaho, as ray own judg ment, directs, and I'm going to do It" Asked how he Intended to make a flght In the. Senator the Senator said there would be an opportunity when-' the appro priation bill came up. Try to Cut Off Appropriation. "And maybe there won't be any more appropriations for forest reserves," he said, with a sarcastic grin. When told that Mr. Plnchot said the Administration had won Its forestry flght in Idaho, the Senator exclaimed: "That's anothor He. That's not so. Pinchot lies. I know how the people of Idaho feel, they have not deserted me. There has not been a change of sentiment out there. I know it now. I "know what it has been all along, and I am acting for the people." When attention was again directed to the published correspondence, Mr. Hey burn said: Abuses the Correspondent. "That correspondence shpws you lied 1 about me, don't it?" " , "Quite the contrary." was the roply. j "Your published letter shows who Hod. It sustains what was said about you In these dispatches." "That Is another lie," thundered Mr. Heyburn. i Shifting a bag of crushed Ice and rolling over, Mr. Heyburn finally exclaimed: "I don't intend to be badgered any"; longer. This Interview has got to close. If I have to telephone for some one to put you out" Impossible to Get Explanation. Because of his irritability and his un wllllngnoss to be Interviewed, although he consented to tho interview, it was impos sible to get from Mr. Heyburn any ex planation of his Interest In the fraudulent entrymen from Wallace and neighboring cities who tried to acquire some of tho -best timber lands in Shoshone County. Nor could any definite interview be ob tained, though an offer was made to print any statement he might dictate. He made it plain, however, that he resents the publication of his letters and, when op portunity presonts, will try to organize enough Senators to shut off the appropria tion for forest reserves and the Forest Service and endeavor by legislative act to abolish some of the existing reserves in Idaho and prevent the creation of any additional reserves, oxcopt by his con sent; something that Is utterly unattain able. Mr. Heyburn apparently will have no further Intercourse with the President on forestry matters. WOMAN'S CROWNING GLORf iifcer fciir If Grajor RlehM, It can be restored to 1U ntarxl cotor irKboat lnjnry to tie&Uh or scalp by one appUeauon of the Imperial Hair Regenerator THE STANDARD HAIR COLOR ING. It is absolutely harmless. Any shade produced. Colors durable When applied cannot be detected. Sample olvour hair colored free, laperiil Cbca. Mir- Cfc, I J5 W. 2id St,N.Y. few.it i ItoojjrU. Cture A: Co. tee of the Coalitionists has issued a manifesto to the nation in reply to the programme submitted to Its leaders by the Emperor-King. The manifesto de clares that some points of His Majes ty's programme are not In conformity with the constitution, referring espe cially to his contention that the ques tion of the language of command In the Hungarian army must, be entirely climr Inatod from diEcusfllon. It is asserted that this is equivalent to the abolition of the nation's right to control Its own affairs, for which there Is no logal au thority. The newspapers characterize tho statements of the Austrian Premier. Bnron Gautch von Frauenthurn. in the Reichsrath yesterday, as unwarrantable Interference with Hungary's Internal af fairs. The manifesto contains, among other things, a -protest against the accusa tion that Hungary desires to settle the common affairs of the Empire without consulting Austria, and continues: Soea arrogant Meat can only fee imputed to Hub parj' by those who are creating as evil fee! against Hung? la Vienna, We know well enough that even- provision of the law we would enact wWeh may require any eo operaUoa on the part of Attrtrta can only be come vatM ta practice when Anstria of her own free will creates a mritabte law. The manifesto in conclusion says: We desire to conclude a last treaty of com. nu-rce with Austria on the basts of an inde pendent sphere for both partie. The deefelea as te whether we shall ostabtteh aa Independent cunloma sphere or maintain a common flseal eyKcxn depends on the free will of the Hun Krtan Diet Protests are being made as If the dccleton on fiscal matters were dependent on sn MaderstandliiK with AnKria. Kfng-Empcror Confers With Czlraky VIENNA, Sept 27. County Czlraky. the Hungarian nobleman, who was ap pointed by the King-Emperor to nego tiate with the Hungarian Coalitionists, had a long private audience with His Majesty this morning In connection with :he Hungarian situation. Goods Bought Today and Tomorrow Charged on October Account Cipman. Ulolf e $ o. Do your shopping today and tomorrow as the stores will "be closed Saturday "Portland Day." Our Store Will Be Closed Saturday, "Portland Day" Tomorrow Will Be Lipman, Wolf e Friday Bargain Day We will spare neither time, labor, money nor merchandise to make tomorrow a red-letter day in Bargains in this store See full-page announcement of bargains In tomorrow morning's Oregonian of the Wonderful Array of Bargains for the Lipman, Wolfe Friday Bargain Day Sale of Lace and Spangle Robes, $20 to $15, at $11.00 Black Spangle Eohes, White Wash-Net Eohes, White Embroidery Robes, Ecru Lierre Lace Robes. We are showing a complete stock of Robes, all this season's newest styles in Spangle Robes 15.00, 19.00, 25.00, 38.00 Black Lace Robes 35.00, 45.00 to 100.00 White Lace Robes 35.00, 45.00 to 100.00 Lierre Lace Robes 19.00, 25.00 to $ 50.00 $1 to 50c Laces 25c Black Silk Lace and Bands, 5 to 7 inches wide, Chantilty and Net; regular values $1.00 to 50c, today at 25 Great Lace Sale Better laces for the prices quoted were never placed on the bargain counters before. 40c to 25c Point de Paris Val. Laces 12c $1 to 60c doz. Round Mesh Val. Laces at, doz. 40c 75c Point de Esprit and Plain Net at 45c $3.50 to $2 Ecru Net Top and Yenise Laces at 95c $2 to $1.25 Ecru Net Top and Venise Laces at 65c $1 to 75c Ecru Net Top and Venise Laces at 35c $1.00 Venise and Lierre Net Allover at 47c $2J50 to $1.50 Venise and Lierre Net Allover 95c .$4 to $2.50 Venise and Lierre Net Allover 1.48 $9 to $5 Venise and Lierre Net Allover at 3.25 $2.50 to $1.75 Chantilly and La Tosca Dress Net 1.10 75c to 50c pure all-silk Black Lace and Band 25c Our Famous $1 Silks A brilliant collection of Fancy Silks that will deight every silk purchaser. Our Famous $1 Silks Are not surpassed in beauty and quality by any equal-priced Silks in the world. Come to our Silk Counters today and sea Silks here at 1.00 that you have to pay 1.25. and 1.50 for elsewhere. Come here and see beautiful Silks at 1.00 that- can be found here only. Any store can offer Silks at 1.00, but the Silks that are in our famous collection of 1.00 Silks are so vastly superior as to be dis tinctly in a class of their own. If you are interested in Silk, be sure and see Our Famous $1 Silks Blankets and Comforters at Surprisingly Low Prices 1000 Pairs of Blankets Lowest Prices of Last Season All our Blankets were contracted for long before the advance in wool and we can sell you Blankets at prices that mean sub stantial savings for all who need Blankets. 10- 4 White Wool Blankets at $3.25 11- 4 Extra heavy Gray Wool Blankets at $3.2'5 10- 4 White Wool Blankets, 5.00 values at $4.00 11- 4 White Wool Blankets, 6.50 value at SS.oO 11-4 Superior Wool Blankets, 7.50 value at S6.50 11-4 Extra Selected Wool Blankets, 10.00 value at 8.o0 500 Silkoline Comforts, filled with the finest grade of white laminated cotton, covered with the best quality of figured silkoline in light or dark ground; full size and d! A.O weight, special at pJLo3cO 250 Sateen Comforts of the best quality, filled with the finest grade of white laminated cotton, covered with the best quality figured sateen in dainty designs; extra large size, full five pounds 0 fll special at : pf)0 .50 for $1.15 Umbrellas, in both women's and men's sizes, made of fast black mercerized gloria, steel rod, para gon frame; handles, horn, silver, Princess, boxwood, pearl and cherry; regular price $1.50, your choice today $1.1d $2.25 for $1.49 Umbrellas in both ladies' and men's sizes. They are made of tape edged black silk gloria, best para gon frames, princess, horn and boxwood handles, plain and trim med; regular price $2.25, your choice today $1.49 rifttiiatl Klolfo & Ci Souvenir Tickets for Portland Day Free I ll lt WVII With Purchases of ?5-00 and Above returns from the small country towns were received. A revision of the figures seemed to show that Mr. Draper hud a good load over Colonel A. H. God ting; of Springfield, and 'Judge Fred S. Hall, of Taunton, although many un pledged delegations were chosen. MINNIE LEE IS INDICTED RIOTS. IN BUDAPEST. (Continued From Pase 1.) discountenanced by the coalition lead ors and others. It Is certain that Parliament will not meet October 10 under the existing circumstances and it may evenbe dis solved. Among tfle better classes It Is believed everything: hinges on the meet-' Ing of the different parties adhering to the coalition. This meeting will take the form of a national conference and It Is hoped that demonstrations will be avoided amd a solution of the difficulty will be SstSsgestcd. In the meanwhile the crisis"uri3oubtedly is a serious one. .MANIFESTO TO HUNGARIANS Coalition Accuses Empcror-XIng of 'Violating Nation's Rights. BUDAPEST, Sept. 27. Tho commit-, BIG NEW RUSSIAN LOAN Will Borrow $150,000,000 In Paris and Berlin. 0 PARIS, SopL 27. Banking circles here arc -much interested In the anticipated new Russian loan. The Paris branches of American Arms have received cable In quiries from New York regarding this loan. Indicating a possible American par ticipation in it The Russian Joan is also the leading topic on the bourse. The best-informed financiers place tho amount of the loan at Jla.fO).X. divided between Paris and Berlin. Bankers forming part of the syndicate which took up the last loan said today that details as to rates and amounts loaned had not yet been decided upon. They believed, however, that the rate would probably be KMs. per cent, the bonds selling at about par Russian Imperial fours today sold at Si.70. showing that 4VS per cent bonds would be worth about par. Some bankers expressed the belief that the cost of bring ing home the Manchurian army and the internal reorganization of Russia would require more than J1I0.COO.OCO. Although Mr. W'ltte denied any inten tion of discussing the question of a loin on his visit 'to Paris and Berlin, whlje here he conferred with the principals of the Credit Lyonnafee and with Baron Hottlnger, who formed the syndicate that floated the last loan. A member of the Berlin Arm of Mondolssobn & Co. also vis ited Mr. Witte here. , A peculiar feature of the situation Is that the settlement between Germany and France of the dlfficullltes over Morocco promises to expedite the loan, since lt rolleves" Germany of possible complications with Russia over "the Franco-Russian al liance and also gives stability to the French government. Revisionists Iosc In Bay State. BOSTON, Sept. 27. That the oppo nents of tariff revision and Canadian reciprocity and Ihe supporters of Eben S. Draper, of Jlopedalc, for the party nomination for Lieutenant-Governor, won In the Republican primaries yes terday, appears evident toiay, when th Grand Jury Accuses Her of Trying to Blackmail Herrick. CLEVELAND, Sept. 27. The Cuyahoga County grand jury here today returned two Indictments against Minnie Lee. alias Ellen Ibor, of Chicago, on the charge of attempting to blackmail Govarnor Myron T. Herrick. One Indictment charges the woman with verbal attempt at blackmail, and the other with committing tfie offense by writing. The arrest of the woman has been ordered, and it is expected that .she will be taken Into custody without de lay. CHICAGO. Sept. 27. The police are try ing o locate Minnie Lee, who Is best known hero as Min. Lawrence. MATTER WITH AMERICANS Butler Says Penal .Law Is Their Moral Standard. NEW TORK. Sept. 27. Caustic com ment on some modern business methods as revealed by recent and current Investi gations of quasi-public influential Institu tions was made by President Nicholas I Murray Butler In his address of welcome to the students at tle opening of the col , lege year at Columbia University today, i He did: I Just now the American people are receiv ing some painful lessons In practical ethics. ' Pat bluntly, the situation which confronts Americans Loaay Is due to lack of moral principle. New statutes mar b needed, but statutes will not put moral principle where It does not exist. The. creed for sain and the greed for power have blinded men to the time-old distinction between right and wrong- Both amonc business men and at the bar are to be found advisers, counted shrewd and successful who have substituted the penal code' for the moral law as tha Ftandard of conduct. Right and wronc have No Appetite Metns loss of vitality, vigor or tone, and is often a pre cursor of prostrating sick ness. This is why it is serious. The best thing yon can do is to take the great alterative and tonic Hood's Sarsaparilla Wfckh has cured thousands. given war to the subtler distinction between legal and Illegal, or better, perhaps, between hoaeat law and dishonest law. This new triumph of mind over morals Is bad enough In itself, but when. In addition. Its exponents secure material gain and profeslonal prosperity-, it becomes a menace to our integrity as a people. INSURANCE MEN INDICTED Ashtabula Grand Jury Moves to Break Up Combination. JEFFERSON. O., Sept 27. The grand Jury of Ashtabula County returned Indict ments today against 28 fire Insurance agents represantlng 63 companies, , and against Albert Ross, of Columbus, of the Inspection Bureau maintained by the companies. The agents arc charged with violating he anti-trust law? of Ohio. It is alleged that they have formed an organization for the maintenance of rates and that all competition in the business Is destroyed by their agreements. Japan Holds Trade to Guam. "WASHINGTON. Sept. 27. Commander G. L. Dyer. Naval Governor of Guam, In his annual report to the Navy Depart ment, says: "The absence of a line of freight-carry- Ing craft between San Francisco, Guam and Manila throws all of the trade of the islands Into -the hands of the Japanese. They have established stores and regular lines of schooners, and practically monop olize trade and fix prices. I nder the con ditions living expenses for the natives are cruelly high." X If you want the best possible service, the lowest possible prices and expert op tical knowledge conscientiously used In the furnishing of your glasses, consult the Oregon. Optical Compa"ny, 173 Fourth St., Y. M. C A. Building. t SICK HEADACHE Positively cured by these Little Pills. They also relieve Distress from Dyspepsia, Indigestion and Too Hearty Eating. A per fect remedy for Dizziness, Nausea, Drowsi ness, Bad Taste in the Mouth, Coated Tongue Pain in the Side. TORPID LIVER. They Regulate the Bowels. Purely Vegetable. aVnali Pill. Small Dosa SmaU Price. G. P. Rummelin & Sons No. 126 Second Stbet Washington and Alder Sts. FINE FUR'S The Most Fashionable Furs This Season Are Black Lynx, Ermine, Sable and Mink We are shewing these furs in all the newest styles Fur Neckwear, Stole, Muffs, Etc ALASKA SEALSKINS, LONDON DYE OUR SPECIALTY Established 1S70. Fttr Rebei ami Rugs Send for Catalogue Leidiiif and Reliable Furriers AWARDED Grand Prize Louisiana Purchase Exposition, St. Louis. Paris 1900, Buffalo 1901, Chicago 1893. The most complete assort ment of GOOD Shoes in the Pacific Northwest New Fall styles now on sale. ROSENTHAL'S 149 THIRD ST. Betweea Mormon and Alder SOLE AGENTS For These Celebrated Shoes