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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Dec. 23, 1905)
THE 3IORXIXG OREGOXIAX, SATURDAY, DECEMBER 23 1905. PR 0 FITS USED TO HIDE LOSSES Store Open Tonight Until 1 0 o'clock for Those Unable to Complete Christmas Shopping Earlier "THE DIFFERENT STORE" The Strongest Chain of Christmas Shops on the Coast. Portland's Greatest Christmas Store Olds, Wortman & KING fifth, Sixth end Washington Streets Another Secret of Manipula tion of Mutual Life's Accounts. . . , . X iXAMINER SUPPRESSES IT 'andcrpocl Admits lie Knew Report Was Untrue, but Did Xotlilnjj About It He Never Went Behind Ledgers. XBW YORK," Dec '22. Additional testi mony as to the management of the Mu tual Life Insurance Company was ad fluced today by witnesses before the legis lative committee on insurance Investiga tion, tending to show that the company used profits from the sale of securities o conceat-the reduction of book values of real estate, or losses, as Charles E. Hughes, counsel to the committee, called them. Francis Hendricks, superintendent af the State Insurance Department, when on the witness-stand yesterday, said he had never heard of such a thing, and that it had never been brought to his atten tion. Today, after auditors of the Mutual Life had testified to this fact, Isaac Vander poel. chief examiner of the department, declared that he had not discovered the matter in his examination of the company last year, when. In his report, he gave the company what was practically a certifi cate of "good character." He said these manipulations of the figures were not ap parent in the books. These transfers of .profits to the debit side of the profit and loss account were made by the auditors upon Instruction of Tresldent McCurdy and Vice-President Grannls, and the written Instructions were produced. They named the figures that adjusted the accounts, and last year, j while there was really a profit of almost 51.000,000, when these transfers were made no profit whatever was shown. Knew Report Was Untrue. Mr. Vatiderpoel said he had examined the report of J904, which showed no profits from the sale of securities. Although he knew this was untrue, he did not so re port it, because he did not think it was necessary. The same situation existed in the New York Life, according to Mr. Van derpoel, although the practice was not general and. when asked what he did in the matter, he said, "Nothing." Mr. Vanderpocl said he had examined the Hanover Bank account of the Xew York Life In 1904 and did not And the HOO.000 that was paid to Andrew Hamil ton. Mr. Vanderpoel never knew of the year- nd loans of the Metropolitan Life to Ver milye & Co., and never knew how th company handled its collateral loans. He said he never in an examination of a company went back of its ledgers. Hnry D. Appleton. second deputy in the Insurance Department, was on the stand large part of the afternoon. He. testl 'led as to his duties and detailed leglsla- ion that had been advised by the depart ment to control assessment companies. Mr. Apploton said that no more attention s paid ,to the statement of a New York company than is paid to the statement of a company incorporated in any other Mate. He said no actual inspection is made of a report unless an examination is made. Net Profit on Securities. Stephen M. Smith, second assistant treasurer of the Mutual Life, was the first witness. He produced a statement of the. net profits of the company from the sale of securities in the past ten years, up to September SO, lDiVj. This showed a net credit to the profit and loss account of $12,826,429, inclusive of 5500,000 of International Marine bonds that were marked off the books in 1902. Charles F. Preller, auditor of the Mu tual, testified that he received the quar terly reports of these profits from the treasurer, and said it was the custom to credit profits and charge losses on se curities to the profit and loss account. The committee adjourned over Christ mas and will resume lu Investigation next Wednesday. Sessions then- will be held up to and including Saturday, which will be the last day of the committee in vestigation. BLAZE ON CROWDED FERRY Thousand Passengers Nearly .lump Into Hudson In Terror. NEW YORK, Dec 22. While the Delaware. Lackawanna & Western fer ryboat Montclalr was crowded from end to end on a trip tonight from the foot of Christopher street to Hobokcn, lire burst from beneath the midst of the inner row of seats In the men's cabin on the starboard side. So sudden was the outburst of flames that those sitting on the cats had narrow es capes from burning'. The shouts of Arc sent the passen ger" in a rush to the open ends of the boat, men almost pushing one another into the water. The panic spread to the women cabin, which was also crowded, there being 1000 passengers on the boat. The Montclalr was In mid stream. As quickly as they could make ihelr way to the lire extinguishers, the deckhands took them down and played on the fire, which quickly became only a smudge of stifling smoke. The boat was driven full speed, with whistle shrieking, to the Hobokcn slip. The passcng-era rushed ashore and the Are department put out what remained of the blare. It Is supposed that a smouldering cigar stub communicated fire to rubbish and started the blaze. Canada Quarantines American Hog. OTTAWA. Dec. 22. An order In Council has been passed providing that "all swine imported must be accompanied by a cer tificate signed by veterinarians of the Vnlted States Bureau of Animal Indus try, stating that neither swine plague nor hog cholera has existed within a radius of five miles of the premises In which they have been kept for a period of sir months immediately preceding the date of shipment, but such swine, shall neverthe less be inspected, asd shall be subject to a quarantine of 30 days tefore being al lowed to come Into contact with Cana dian animals. Swine found to be suffer ing from contagious diseases will be sub ject to slaughter without copestkm." Votes MUST nosltivelv be irotlen at time of purchase. None will bo issued after. either on duplicate checks or otherwise. This Is absolute. Ask ior your votes at time of purchase. Vote for Benevolent Fund Distribution at 4 P. M. Friday Fruit and Flower Mission 33.761 Patton Home 32,481 Baby Hnmc 27.878 Crittenlon Home 25,712 Salvation Army 2.',2S4 People's Institute 23v43 St Vincent's Hospital 21,188 Mt. St. Joseph's Home for the Aged. I4.88S Old Ladies' Home 11.371 Good Samnrltsn Hospital &,7M) Open Air Fund..., 7,e-J0 Children's Home 4.883 Visiting- Nurse's Association 3,727 KIng'M Daughters of Marshall-Street Church 3,127 Boys' and Girls' Aid Society 2155 Scattering U.KS3 Total .. 256.670 Special Christmas Sale Values in Women's" Hosiery Shops First Floor. Woman's Kino All-Silk Hose, with boots embroidered In different shades. Splen did wearing Regular 52.D0 value; special, the pair. $1.79 Women's Extra Quality Black Cotton Hose imported direct bv us Rood weichr and full llnlsh, hlgn-spllccd heel, double sole, trench toe our regular price, the pair, 50c; special, half-dozen pair. ..fZjao Women's Fancy Hound Garters; all shades; beautifully mounted with pretty buckles and dainty ribbon bows: Regular 75c value; special 53c Regular SOe value; special ...33c Women's Pink. Blue nnd White Silk Vests; camies. nne ribbed, neatly trimmed Exceptional values' at $1.50 and XI-T5; special, each ................... A.. si.23 CIIAUMIXG CHRISTMAS GIFTS IX THE JEWELRY SECTION. Flrt Floor Sixth-Street Anarx. For Boys WRITING DESKS For Girls A useful cift for the boy and clrls- Pretty Writing- Set. consisting of six pieces; Inkwell, roller blotter, .seal, ink. eraer. pennoiacr ana paper Ktii:-; all with handsome sterling silver handles and tops. They come in a fancy white lined box. We've priced these, o rrv Special for today Other fancier styles at $4, $4 and $ie PRETTY MANICURE SETS. Fine Manicure Sets 3 pieces" nail file, nail brush and cuticle knife: all with sterling silver handles. Each set in prettily lined box. we ve cut the price of these outfits for today I ftpeclal, the set -. ,7 vJ Other fancier sets nt $2, $4 tip to 512 HANDSOME MILITARY mil SUES. A large line of Military Brushes: beautiful designs on backs of sterling sliver: comb with each pair; all In pretty box. They're here at prices ranging from. $5445 to $12.60 CO.MI1 .VXD BRUSH SETS REDUCED. Great values In Brush and Comb Sets: to day we offer some bounties, excep tional values, priced at.. ..$4.86 to 912.06 Pretty SterlingSilver Comb and Brush ets for babies. These come nicely boxed. A large line. Today at special prices ranging- from SL to $4.56 DAINTY PUFF JARS. We're showing a large line of fine, large size Puff Jars at the extremely low price of 33c Joyland in "WONDERLAND" Today Big Xmas Marvel of Fascinations Ob Fourth Floor. Full of life and color. Charms for the youngsters; full of magic for the .grown ups. More toys than any other store in town for that reason, lower- prices. Proofs: SrECLVLS IX TOYL.VXD. Fourth Floor. 33c Numerical or Counting Boards; special, each iec 50c Dollyvllle Opera-House. special each 25c 50c Baby Ice Cheste. sise 4xSxl4. special, each asc The Little Girl Set Building Blocks, spe cial ....25c 60c s Little Farmer Building- Blocks, special . sjc 25c GAME OF RING TOSS 15c ' Very interesting; can be played In or out of doors; regular value. 25c; special... i5e METALAPHOXES. ' Regular Sc value special, each....... 2c Regular 35c value special, each....... 5c Regular 35c value special, each..... ..15c Regular 40c value special, each....... see ACGORDIOXS. Good assortment, nicely finished: Regular BOc value special, each. ..... .3Sc Regular 51.00 value special, each . . . . . .TSc Regular 51.25 value special, each see EASEL BLACKBOARDS. Metal board, hardwood frame; Regular 52-00 value special, each. . . .91.66 Regular JL50 value special.-each.... $ LIS GAMES AT HALF PKICE. One long tabl oiled high with card and board games, on special sale Saturday at . HALF PRICE IN SANTA'S LETTER BOX Immediately upon the arrival of Santa, Claus at the store some two weeks ago we invited our army of little friends to write him their wants for Christmas. The result has been several bushel baskets full of letters from youngsters living, some of them in far distant states, but mostly from little lads and lassies whose homes are Portland. Every letter has been circfully scanned and all got Santa's at tention. We thank the thousands of children who showed their confidence In tle store. We'll strive to merit It until and after thoae "kiddles" become grown-ups. We can'L of course, print all, but have selected a few Interesting: missives from the pile to reproduce here. The youngsters certainly opened the peep-holes to their hearts wide to Santa, and their messages make us feel all children again together. Worth reading- these: HERE IS OXE FROM A CLEVER LITTLE ARTIST, WHO ENCLOSED A SKETCH OF -S.VXTA- XICELY EXECUTED 1 "Olds. Wortman & King's Is my home Dcarjaid Santa. T)car Santa Claus As other children are writing for their wants, I will tell you mine. A dress, plaid. A doll. A blackboard and some ribbons. My mother would like a. pr of new scissors. My address Is " "Dear Santa Claus If you can't AH my wants, write to my address. P. S. I have been a good girl and helped mamma. P. S. S. Holsler." my brother, would like a necktie, a blue one." HERE'S A GEXEROUS LITTLE FELLOW. Dec. 14. 1905. -Dear Santa Claus Santa Claus. when you come I will give you somo -Cookies. Santa. Claus will you bring- a wagon? I want a drum. . Iwantapilrof Slippers for Christmas. And a box of paints. And a bruch. And a game of Flinch. My name Is A Great Saturday Sale of Silks and Dress Fabrics Fiftb-Strrrt Abbm Fint Floor. Timely bargains In fabrics to wear or to give. Show us the woman who wouldn t like a gown pattern off these stylish stuffs. Tho values should crfwd the Silk and Dress Goods Salons with eager buyers to-, day. The Brut BlacU Sllk Made oa Earth at Special Christina Sale Prices. Bonnet's celebrated make Included. Taf fetas. Chiffon Taffetas, Messalines, Rosle de Xal, Peau de Cygne. etc.: Regular 51. grades: special Christmas sale - 85c Regular 11.25 grades; special Christmas sale fL93 Regular 51.5 grades; special Christmas sale $1.25 Regular 31.75 grades; special Christmas sale $14S Regular $2.06 grades; special Christmas sale ................. ............. 91.0s Regular 52-25 grades: special Christmas sale LSW Regular J 2-50 grades; special Christmas salt- fZ.18 Everv known ranted Black Silk is In cluded 'in this Grand Christmas Sale. 33Vi Silk and Wool Crepe de Paris 33V3 These swell f. bnc cannot be approached for calling and reception gowns; regular $1.53. $l.To. 2.u0. J2.25 and 52.50 grades; special Christmas Sale XI 1-3 PER CEXT OFF All street and evening shades In this as sortment Don't Overlook These Wonderful Bargains in Xmas Slippers The "Bw(f Shoppe ea Tie Fairway First Floor Sixth-Street -Van ex. Final cut on all Christmas Slippers for men and women, boys and girls. Special today Ladles' 52.00 value Dress Slippers.... 9L4 Ladies' J 2.00 value felt fur-trimmed Romeos. all colors.-. ....SL40 Ladies' SL50 value felt Romeos. black and red, sizes 7 and S ........30c Ladies kid one-strap Slippers, coal men scne and opera 9L36 Men's regular value JL00 Slippers.... 00c Men's regular value $1.50 Slippers.... BSc Men's regular value 2.09 Slippers... ,91.00 Men's regular value X2.E0 Slippers. . . .91.80 Men's regular value TSc Slippers.... -40c Old Santa is Ready FOR ELEVENTH - HOUR CHRISTMAS SHOPPERSI His Mood os Merry, His Laugh as Cheery as on the Day He Arrived at "His Store" And are ready -with the best store service in the city to 'serve today's throngs of Christmassy folk with satisfaction and ood nature. We print today a condensed list of "Aids to Chris.mas Shopping" for quick perusal of busy readers. "Read and run" to the store. The largest merchandise assortments in the city to select from, all timely and desirable for gift-giving. Tho most slalled service and quickest delivery. Don't worry leave it to us and we'll put on the finishing touch to the merriest Christmas season you've fiver known. Open until 10 P. 21. today to accommodate the "forgot-somcthinjr" folk and leavc-things- to-the-last-minute buyers. Closed all day Monday of course. HERE IS A BOY WHO WILL BE SATIS FIED WITH LITTLE .VXD DOESXT WAXT TO "CORXER ALL OF' S.VXT.V5 GIFTS 1 "Dear Santa Claus I want a Automo bile ar.d a train wis a track. Hand car wagon and a rubber ball gun. please Santa I think this is enough, don t your" HERE IS A YOUNGSTER Wno WANTS TO "SHOOT THE SHOOTS. "Dear Santa Claus Santa Claus. will you please send me some gloves and a, piece of shaving soap for father. Please send me a book, a tie, a drum, some candy, and I spechlly would like you to brlnff most of all the shoots the shoots; goodbj. yQur rrJend ., HERE'S A LAD WHO OBJECTS TO ASHES IX HIS STOCKIXGS. BE CARE FUL s.vxt.v: "Dear Sanla Claus I'd like some new blocks and p. sheep and a coaster, and please no ashes In my stockings. West Park streeL House with porch. And 111 try to be jrood. I'm golwr to school. Please don't forget Clifford. TICKETS FOR SALE AT THE MEN'S SHOP Firt Floor Sixth -St. Annex To the Christmas Football Game Salem All Stars vs. Multnomah TICKETS SEVENTY-FIVE CENTS Buy "Him" a Christy Safety Razor For Christmas Grand Dem onstration Sale. First Floor, near big elevators, In annex; complete (with seven blades and strop) $2.00 Saturday bargains In the Annex Stores Seread Floei Art Sectlea. CLUXV LACE CEXTERTIECES OXE T31IRD OFF. $ What Is. more acceptable and useful than Hand-made Clnny Lace Pieces for a Christmas Gift? Our entire stock of Hand-made Cluny Lace Pieces, In round or square dollies and centerpieces and scarfs at - OXE-THIRD OFF HAXD-EMB R O I D EH ED CEXTERPIECES, HALF PRICE. In addition to our Hand-Embroidered Cen terpieces and Cushion Tops, we will of fer a large line of Berlin Hand-Eia-broldered. Cross-Sltched. Centerpieces, in pretty colorings and designs; your choice at HALF PRICE Tonight Only in the Men's Shop Sixth-Strwt Aaaex Pirst Fleer. Starting, tonight at 7 o'clock and con tinning till closing time, "sre offer our entire stock of! fancy Christmas Su&-penders--prices ranging froa $1.25 to 4.50 fee, the pair f 1.00 Women's Suits, Furs tumes, Petticoats, Waists For Your Christmas List Today ! Grand Salons of Dress Second Floor. Every woman who knows the high standard that identifies our clothing, who appreciates smart styles and choice fabrics at most pronounced savings, will he keenl interested in this extraordinary oppor tunity. It is the most important event of the sea son4 signal evidence of, this store's unequaled value giving. Just brief mentions of big bargains for quick reading of busy women: Every -length Suit in the house at price. All Costumes and evening Gowns at great reduc tion. Every Silk Petticoat in the house reduced a fourth. All Furs reduced. Every Fur in the house, Coat or JTeck Scarf, in a sweeping reduction sale all OFF nsual prices. Radical reduction the rule throughout the exten sive stocks of exquisite, magnificent FANCY SILK AND LINGERIE WAISTS The most carefully selected stock of ultra fashion able and exclusive evening Waists in th city. Va riety and assortment are too great for detailed de scription. You must see the beauties to feel their charm. Reductions today as printed: $20.00 Waists now $ 1 5.00 $25.00 Waists now $ 1 5.75 $22.50 Waists now $ 1 6.S5 $30.00 Waists now $22.50 $37.50 Waists now $25. 15 Proportionate Reductions AH Through the Lines Up to $45.50 THE CHRISTMAS SALE BRIXGS RE DUCTIONS OX Children's and Misses' CORDUROY BATHROBES Seeead Floor Anaex. Children's and Mlis-s Plain Pink or Light Blue Corduroy Bathrobcjs. -with largo hood: sizes from 4 to 14 years; regular prices from J 6.30 to 110.50, according to ages; special, each, from $3-35 to S&3S The Man's Shop First Floor xth-3treet An Hex. DRASTIC CXTS TO CLOSE OCT THE ME.VS HOUSE COATS SPECIALS TODAY. To close out our line of Men's Smoking Jackets we've cut the price on cverx one. All coats popular styles from leading makers: All Coats til to 512 values; special... 18.97 All Coats 53.00 to J8.50 values; special. All Coats 57.00 to 57.50 values; special BJS Special Friday Evening-. 7 to 9:30 P. SL 75c Neckties for 39c A French fold Four-In-Hand. 3 Inches wide, diamond back, lock-stitched. best 75c value In Portland: special Friday evening- from 7 o'clock till- 533 ..Js-c fancy Suspenders A large assortment of Fancy Suspenders, one pair In pretty box; a very accept able Christaas gift; regular 75c value; special 4Sc HALF PRICE FOR SILK HAXDKErI CHIEFS. A small line of extra quality silk Initial Handkerchiefs, colored border- and col ored Initials to match; exceptional values at 50c; special .......23c 75c Cravats 35c A few rich English Squares, in all latest des'gns; fine 75c value: special, as long r as they last, each age $2 Kid Gloves $1.09 An attractive itee- of Men's Kid Gloves, In full pique finish, oxbloods, browns and tans; c-ne of the best 52 Gloves saade; special fL SsTFtM HBBaCsBBBBr SPECIAL BARGAINS TODAY. In Women's Wardrobe Aisle Secoad Floor. WOMEN'S 12 FLAXXELBTTE NIGHT GOWNS $1.37. Extra flne quality Flannelette Night Gowns. in uamty sir 1 pes: a large assortment. 01 styles, including: the kimono style; regu lar $2.00; special at. each $1.37 WOMEN'S $1.58 WOOL SHAWLS $1.19 Fine all-wool circular Shawls; large size; In blacK. while ana cray: retrular nrlce. 51.50: special at, each ...$1.19 Pretty Useful Gifts Clocks and Bric-o-Brac Third Floor. SPECIALS FOR TODAY GOOD, RELIABLE TIMEKEEPERS. Pretty Gilt Clocks, with figures and ornaments, each one guaranteed a good timekeeper. "We've cut the prices of these Clocks as follows: Regular 51.25 value; special .$1.08 Regular 51.75 value; special .....$1.40 Regular 52.75 value: special $XS0 Regular 53.35 value; special $2-8 Regular 53.80 value; special $3.12 Regular 34.50 value; special $3.80 Regular 56.50 value; special $&2e TERRA COTTA FIGURES AXD BESTS AT HALF PRICE. Some rare bargains in Terra Cotta Fig ures and Busts beautiful ornaments. For Saturday we've cut the prices In two: Regular 51-23 value; special 63c Regular 52.00 value; special $1.00 Regular 52.75 value; special $L3S Regular 53.25 value; special. ....... ..$1.63 Regular 55.75 value; special $2.88 Regular 56.00 value: special.......... $3.00 Regular 57.25 value; special.. $3.63 Regular 57.30 value; special.... $3.75 Regular 53.25 value; special $4.13 Regular 5S.75 value; special $4.36 Regular 514.50 value; special $7.25 Regular 533.00 value: special $15.60 ONE-FOURTH OFF OX BROXZE FIG URES AXD BUSTS. An opportunity to secure handaome or naments at a fraction of their real value: Regular 31.25 value; special 4c Regular 52.50 value; special $L8S Regular 32.75 value; special .-....$2.66 Regular 53.50 value; special $2.83 Regular 55.75 value; special..... $4.31 Regular 57.50 value; special $6.63 Regular 59.75 value: special $5J0 Regular 515.03 value: special $11.25 Regular 517.50 value; special $13.18 Regular 51S.00 value; special $138 Regular 524.00 value; special $l&e Regular 527.90 value; special $38.36 EXCELLENT CHRISTMAS GIFTS Will be found on special bargain tables. A host of useful and pretty things at low prices 18c, 15c, 38c, 36c, 56e, TSc.