llf (0 mvo in ; 1 1 1
TOL. XIV- XO. 14,060.
PORTIiAISD, OREGON, SATURDAY, DECE3IBER 30, 1905.
PRICE FIVE CENTS.
OIL
CAUSES SQUEEZE
Vast Combination to
Control Stocks.
MORGAN AND SAGE OPPOSING
By Making Great Loans They
Save Investors.
DESPERATE FIGHT IS ON
Powerful Capitalists Unite to Force
Unloading of Stocks and Heap
j Rich Harvest Immense
Sales in One Day.
XEW YORK. Pec. 29. (Special.)
Standard Oil interests, together with
several Jocal banks, have banded to
gether for the purpose of -squeezing
money and incidentally to control the
stock market. J. Plorpont Morgan and
Russell Sage have combined to thwart
the efforts of those who are trying to
create a money stringency and up to
today they have been partially suc
cessful. In the last two days it is estimated
that Morgan and Sage have loaned
$60,000,000. Outside banks have also
come to the aid of traders who desire
to carry their stock and within the
next few days the money stringency
Is expected to be entirely relieved.
The Standard Oil men and their
banks are fighting desperately to
.maintain the money strain, but it is
believed that it will be a matter of
two weeks at the most when they will
surrender and release their capital.
VAST DEALINGS IX STOCKS
Money Stringency Attributed to Pow
erful Syndicate of Capital.
XEW YORK. Dec 29. For practical
purposes, today was the last day of the
year on the Stock (Exchange. There are
no loans or deliveries on Saturday, loans
made on Friday carrying over until the
following Monday, and stocks purchased
on Friday are to be paid for on the fol
lowing Monday. As Monday is the New
Year's holiday, the settlement for today's
transactions in the -stock market will be
deferred lu effect until the turn of the
year.
This fact was made the basis for the
speculative furore which pervaded the
stock market today from start to finish,
and carried dealings to the 2.000,000 share
level. It was argued that preparations
for the January 1 settlement must now
be completed and the (stress in the money
market must have done its worst. As a
matter of fact, there was less severity in
the money stringency today than on the
two previous days. The rate was car
ried up to 75 per cent during the urgent
demand of the first part of the day. but
fell back rather promptly to the neigh
borhood of 50 per cent, and even below
that. Compared with yesterday, the
money market was regarded as easy, and
today's rates were cheerfully and even
eagerly paid.
Combination Corners Money.
There is a deep-rooted conviction among
the speculative contingent In the stock
market that a vast organisation exists
among the most powerful capitalists in
the country, which Is largely responsible
for the severe stringency in money of the
last week of the year. The operators In
stocks of less Imposing resources assert
their belief that the aforesaid powerful
capitalists have accumulated vast re
sources in their own hands with the pur
pose of squeezing the money market.
forcing out stocks from other hands and
gathering them into their own with the
purpose of realizing the great profits
which are to accrue when the enormous
waiting demand for stocks develops with
the later relaxation in the money market.
Determined to Defeat Scheme.
It is with determination to defeat this
alleged plan that the active speculators
have cheerfully paid exorbitant money
rates rather than part with their stocks.
The belief in the substantial character of
the accumulation of stocks was fostered
by the prominence in the market of Unit
cd States Steel, Union Pacific and Amal
gamated Copper. It Is the common as-
umption of the speculative public that
iWt stocks are the favorites for pur
pose of stock market operations of the
most influential groups of capitalists In
the couutry. The many rumors which
were prevalent yesterday of expected
measures to relieve the money situation
were not vrlficd In any case today. The
market clostd llrm and at about the top.
The strength of the market was so gen
eral as to reuulre no specification. The
sensational rls? in Anaconda was a repe
tition of the recent movement ia that
stock.
BOSTON FIRM SQUEEZED OUT
Leigliton & Co. Fall Through Ina
bility to Realize Assets.
BOSTON. Dec 29. Tho recent rise in
copper Mocks on the Boston Stock Ex
change was an Important contributing
cause to the suspension today of the
stock brokerage firm of H. R. Lelghton
Si Co.. which assigned for the benefit of
its creditors. Although the firm is not a
member of any stock exchange, the as
5
signment was adjudged of considerable
Importance from tho fact that the firm
has some 40 branch offices, all but three
of them In New England cities and
towns. The outside offices are at Mon
treal, Halifax. N. S.. and St. John. X. F.
The assignee Is Charles E. Allen, a law.
yer of this city.
The firm stated, that the suspension
was due to the failure of a member of
the Boston Stock Exchange to meet his
obligation, and to outstanding Invest
ments in coppers to a greater or less ex
tentupon which necessary money could
not be realized.
Xo financial statement was J"aed, but
it is thought the liabilities may reach,
5300.000 Almost all the larger cities of
Xew England are affected by the suspen
sion. There am several hundred . credit
ors scattered throughout Xew "England
and Canada. The failuro had no effect
upon the stock market.
Mr. Lelghton said: "One of the pri
mary reasons fOr our failure was the out
side Investments of the company-coppers
to a greater or less extent. Just how
largely we became involved In this mar
ket I cannot say."
The concern I a "West Virginia corpo-'
ration, and was organized in 1KC with a
capital of J30.000. G. I Babcock is presi
dent and H. R. .Lelghton secretary and
treasurer. The fact that apparently sim
ultaneous advertisements of Thomas V.
Lawson and Lelghton & Co. had ap
peared led Mr. Lawson to say that he
was Ignorant of the firm.
TWO BIG BANKS CONSOLIDATE
National Shoe & Leather Absorbed
by Metropolitan.
XEW YORK. Dec 29. Tho Xational
Shoe & Leather Bank and the Metropoli
tan Bank within a few months will be
merged, the former losing its Identity and
becoming a branch of the latter. Formal
announcement of thin fact was made to
day by President Henry Ollcshelmer. first
vice-president of the Xational Shoe &
Leather Bank. Under the new arrange
ment the Metropolitan Bank will have a
capital and surplus of about C7B0.OX). The
Xational Shoe & Leather Bank, accord
ing to a recent statement, has a deposit
total of n2.E62.lSS and is listed on the
New York Stock Exchange, The depos
its of tho Metropolitan Bank are slightly
ia excess of $2,500,000.
SUDOT DEFIES WOMEN
HE MAKES SARCASTIC SPEECH
ABOUT W. C. T. U. ATTACKS.
Hopes to Be in Senate to Vote for
Bringing Back Canteen, He
Tells Constituents.
SALT LAKE, Dec 29. (SDodal.)-Reed
Smoot. United States Senator and Mor
mon Apostle, threw down the-gauntlet to
the W, C. T. U. in a speech delivered last
night at the annual banquet of the Salt
Lake Commercial Club. The W. C. T. U.
has been prominent in the movement to
unseat him. and his speech showed that
he resents the attitude of the organiza
tion. He said:
"I have heard somewhere. I believe lu
the public press, of an organization called
the Women's Christian Temperance Union
that seems to know more about my life
than I do myself. They have been look
ing for something to find personally
against me. and I am going to give them
something tonight. L hope to live and be
in the Senate to cast my vote for 'the
bringing back of the canteen. "
Senator Smoot was preceded by Captain
F. D. Ely of the Twenty-ninth Infantry,
who advocated tho ro-establlshment of
the canteen.
JEROME AFTER BACKERS
Fines Politicians' Creatures Em
ployed in Gambling-Houses.
XEW YORK. Dec 29. That gambling
houses and poolrooms in this city arc as
wide open today as ever, arid that many
of the employes in these places are" given
positions by political leaders as a part of
the patronage of their district, was
charged by District Attorney Jerome, in
the Court of General Sessions today.
There were a large number of poolroom
and gambling-house cases on the calen
dar, and Mr. Jerome appeared in person
as the prosecutor. It was when throe men
who had been indicted for book making In
an Eighth-avenue resort pleaded guilty,
that the District Attorney addressed
he court.
"These men plead guilty and tell me
they are only employes," said he. "They
are what I term statesmen criminals.
They are put Into these poolrooms by po
litical leaders as a part of the patronage
of their district, and It Is almost Impos
sible to tell whether they are politicians
or criminals. Poolrooms and gambling
houses are at present as numerous as
ever. The police organize a series of false
raids, dart Into houses, wreck furniture.
put a few gentlemen in durance vile and.
call It an attmept to get evidence.
"In this case. I ask Your Honor to lm
pose a fine of $100 each, and I say. If they
cannot pay. the backer of the game will.
If he does not come forward and pay, I
will bring him here myself In a manner
that will surprise him."
Fines of $100 each were Imposed in sev
eral cases.
Jerome Changes Assistants.
XEW YORK. Dec. 29. District Attor
ney Jerome tonight announced a number
of changes on his staff to go into effect
January 1. The most important retire
ment is that of Assistant District Attor
ney William Rand. Jr.. who handled the
Xan Patterson and Abraham Hummel
cases, among others.
Joy Morton Out of Danger.
OMAHA. Dec 29. Reports from Arbor
Lodge, the Morton home, near Nebraska
City, this evening, are to the effect that
Joy Morton Is now practically out of dan
ger, his condition having greatly improved
within the past 24 hours.
Mark Morton arrived at Arbor Lodge
from Chicago today with two surgeons
from that city, but found Joy Morton
progressing so favorably that the phy
sicians left for home this evening.
Bomb Kills and Mangles .Many.
DVIXSK. West Russia. Dec 29. A
strike was declared here today. Martial
law has been proclaimed. By the acci
dental explosion of a bomb at a meeting
of worklngmen last Right eight persaas
were killed and 38 were weuaded.
10 CHURCHES
HGRIETO UNITE
Plans Arranged Between Cum
berlsnds and Old
Presbyterians.
WILL RATIFY NEXT SPRING
Conference at St. Loubs Ends Sclilsm
Which Began Ninety-Five Years
I Ago Assemblies Will
. . Act Next.
V
ST. IjfeuiS. Dec 29. After a division
of almost 1W. years steps were consum
mated today In the Joint session of the
General Sessions, which, when formally
ratified, will unite the Northern Presby
terian Church of the United States of
'America and the Cumberland Presbyte
rian Church. Almost two days have been
consumed by subcommittees in arrang
ing details for the union. Their reports
were submitted to the general committee
representing each church this afternoon.
Within two hours the two general com
mittees had met In Joint session and
agreed upon a basis for tho union. This
agreement will bo reported to the General
Assembly of the Presbyterian Church,
meeting at Des Moines, Ia. on May 17,
1905, and the Cumberland Presbyterian
Church, meeting In Decatur. I1L, on the
same date, for formal ratification which
will be followed by the official announce
ment that the union of the two churches
has finally been consummated.
Only One Objector Remains.
The general committee of the Cumber
land Presbyterian Church had Its full
quota of 21 members present, the chair
man bcinr Rev. Dr. W. IL Black, of Mar
shall. Mo Only IS of the 21 members
of the Presbyterian general committee
were present. Rev. Dr. W. H. Roberts,
or Philadelphia, was chairman.
The Joint session was executive in char
acter. It was stated that on the Joint
ballot on the question of the proposed
union there was but one dissenting vote,
that being cast by Elder L. W. Keller,
of Knox-ilIc, Tcnn.. a member of the
Cumberland committee, it was further
plated that, when the Cumberland com
mittee was appointed, seven men known
to be in opposition to the proposed union
were placed on the committee. The vote
today Indicated that six had changed
their minds during the deliberations in
committee
Arrangements for Union.
The report adopted in the Joint ses
sion declares that the confession of faith
of the Presbyterian Church of America,
as revised in 1933, and the other doctrinal
and ecclesiastical standards of that
church have been constitutionally
adopted by the Cumberland Presbyterian
Church, as has also the Joint report pre
pared by these two general committees
two years ago. that the reunion and
union of the two churches has been fully
agreed to by both, and It is recommended
that, immediately after the foregoing ef
fects of the steps thus far taken have
been announced, the confession of faith
and the other doctrinal and ecclesiastical
standards of the Presbyterian Church of
the United States of America shall be
binding upon the ministers, ruling eld
era, deacons, officers, churches, adjudica
tors, boards, committees and all other
agencies of the Cumberland Presbyterian
Church; that, when this announcement
has been made by the moderator of the
General Assembly of the Cumberland
Presbyterian Church and that body shall
have adjourned sine die as a separate
assembly and before the General Ass em
bly of the Presbyterian Church, United
States of America, shall adjourn sine die.
the moderator of the latter assembly
shall announce that all of the Presbyte
rians of the two churches shall elect com
missioners to the United General Assem
bly of 1907 on a basis of one minister
and one ruling cider for every 24 minis
ters or moiety thereof; that until tho
new moderator of the United Assembly
shall be elected, the moderator of the
Presbyterian General Assembly shall pre
side over the United General Assembly
of 1M7, and it Is recommended that tho
moderator of the Cumberland Presbyte
rian Assembly of 1905 shall preach the
opening sermon of the United General
Assembly of HOT. the stated clerk of the
Presbyterian Assembly, with the assist
ance of the stated clerk of the Cumber
land Presbyterian Assembly, making up
me roil or the United Assembly.
Completion of Union.
Finally, that when the foregoing has all
been adopted and official announcement of
the fact telegraphed by each of the as
eembllcs to the other, the moderator of
each assembly shall be empowered to an
nounce that the reunion and union of the
Northern Presbyterian Church of the
united States of America and the Cum
beriand Presbyterian Church has been
consummated and will be henceforth In
full force and effect, the history and rec
ords of both churches to be preserved as
the history and records of the united
church. -
ft is provided by the general commit
tees that all boards, committees, trustees
and other agencies of the Cumberland
Presbyterian Church that have hitherto
been required to report to the general as
sembly of that church shall report to the
united assembly In 1HJ7 and thereafter,
until and unless these boards and other
institutions shall b united with -similar
existing Presbyterian organizations.
All other details as to the property
rights of boards, colleges, etc. the ques
tion of recommending the places of meet
ing of the united assembly, suggestions
as to Presbyterian and synod leal members
and lines and other adjustments that may
become- necessary were referred by the
Central committee to the sub-coaunltteee
for further consideration aadfiaal report
tn th grntnl afloembllcs (RMtkur In De
catur and Des Moines next Mty.
Origin of Division
In 130 the Cumberland Presbyterian
Church was organized in Dixon County.
Tennessee, by three Presbyterian minis
ters who had withdrawn from the Pres
byterian Church on February -4 of that
year. The division arose concerning the
extreme doctrine of predestination and
certain other questions of practice in or
dination of ministers who did not fully
conform to classical standards of the
Presbyterian Church, those who protested
Insisting that the exigencies of frontier
life demanded occasional exceptions to
the established rule.
PRESIDENT HUNTS RABBITS
Enjoys Outdoor Life With Boys In
Virginia "Woods.
CHARLOTTESVILLE. Va.. Dec 29.
President and Mrs. Roosevelt took a long
horseback ride today and Archie and
Theodore had a lively rabbit hunt. It is
now said to be the President's intention
to return to Washington Saturday night
Instead of Sunday night, as he originally
Intended to do.
Theodore Roosevelt, Jr.. and Miss
Ethel left Xorth Garden tonight at S:13
o'clock on the return to Washington.
The President enjoyed a hunting trip
for wild turkeys yesterday. The locality
selected was on top of Green Mountain.
about three miles from Pine Knob. He
was accompanied by Peyton S coles. Jr..
a well-known resident of Albemarle
County, and by O. M. Hundro. Later in
the day Kermlt and Archie departed on
a hunting trip In the neighborhood of
Keene. not a great distance from Pine
Knob.
TRY TO LIBERATE PEONS
Federal Grand Jury Indicts Planters
In Louisiana..
XEW ORLEAXS. Dec 29.-SpcciaL
The Federal authorities in this state are
determined to put an end to the prac
tice of placing negroes In a state of
peonage, which has been In vogue since
the Civil War. It is the plan of the
planters to take a negro under contract,
agreeing to furnish all h!s living expenses
for a term of years, and to get all the
profits of the negro laborer during that
time
This afternoon J. J. Xcwland, of Wash
ington, La., was placed under arrest un
der Indictment by the Federal grand
Jury on a charge of peonage It is
claimed that a number of the negroes on
his plantation have been placed in a con
dition which Is little different from slav
ery. This Is the third arrest on a sim
ilar charge which has been mad a during
the past week.
CONTENTS TODAY'S PAPER
TESTE FID AY'S Maximum temperature, 42
des.;. minimum, ZC, Precipitation. 1.0
Inches.
TODAY'S Rata. dully southerly nlcd.
Xauta.
Mokow revolt crushed and government pre
pares for election. Page S.
Revolt breaks out in several cities. Pace 5.
Troops disarm thousands of Riga Socialists.
Page 3.
Landlords give land to peasants. Page 3.
Ferries.
Gampbell-B&naerxnan mad Balfoor open Brit
ish campaign. Pace 3.
Rooserelt accused of taking sides in British
election. Page 3.
Alfonso goea to meet bis bride. Pase 3.
National.
Arrest ot Xebruka ex-official and tiro oth
ers for land frauds. Pase -i.
Land Commissioner Ross opposes Government
lrricaiion in Yakima- Page 3.
Coma's trial ended, but olber bazera are to
be tried. Pace 4.
Burlington officials Indicted for rebating.
Pace 4.
roHttes.
McCIeltan appoints officials, but Ignores Tam
many leaders. Pace 5.
Smoot defies "W. C -T. V. Pace I.
Des e tic
Cumberland and Presbyterlaa Churches agree
on plan of union. Pace 1.
'Charles T. Yerkes, street railway king, dead.
Page L
Mrs. Fltxxlmmons tells her troubles. Pace -I.
Labor union slucccrs sentenced In Chicago.
Pace 1.
Standard Oil men cante money squeeze to
corner stocks, bnt Morgan and Sace. fight
them. Pace 1.
Contradlctory evidence in Leafcreen case.
Pace 3.
Xordlca's coolness prevents panic la theater.
' Pace 4.
Sport.
Football rules committees confer on chaste
In rules. Pace 7.
Multnomah ha a strong team with which
to meet Seattle. Pace 7.
FscMc Coif.
W. C ifawley announces his candidacy for
Coccrewlonal nomination. Pace C
Schooner Advance, of San Francisco, re
ported ashore at Coqclllc Pace &
Xational .Lumber Company secures option oa
J1.5O0.OX) lumber tract of eyerhaacer
syndicate. Pace 6-
Scrverora seek route along Deschutes River
Into Central Oregon. Pace C.
Dr. Watson still bold position at School for
Defective Touth. Pace .
Mose Goldsmith. Seattle -theatrical man. Is
robbed of S2730 In a leading hotel. Pace &
Commercial aad Mariae.
Klevcnth-hour flurry In hops. Pace 13.
San Francisco produce firms consolidate.
Page 15. '
Chicago wheat market firm bat not active.
Pace 13.
All recorda broken this year in industrial
activity. Pace 13.
Portland's lumber shipments by water dcr
inc year 1903 aggregate the record-breaking
total of 200.000.000 feet. Pace 7.
Unknown bark anchors close to Xorth Head.
Pace 7.
Fertlaad and Ylclaltr.
Dr. W. JI. Bremen twice knocked down by
footpads, when bis St. Bernard dog at
tacks highwaymen and drive uiem away.
Pace 16.
Street-car tracUs to be extended on Bnrnslde
street to Junction with Washington.
Pact 9.
Detectives Kerrigan and Snow must answer
serious charges. Pace 11.
Project to secure. and consolidate Ice plants
of Portland. Pace 14.
Judge Cameron warns Italians not to carry
concealed weapons. I age 12.
Police informed of intended hold-up by man
who was. asked to be partner in crime.
Pace 18.
Pedestrian beaten over head by three high
war men. Pace IX-
XHfect In title discovered because no dispo
sition was znade of -demurrer. Page 10.
Lafe Pence buys California and Washington
state buildiaga on Fair grounds. Page 10.
Head of Cascade Power Company banquets
Coanciltara. Page 12.
Catala Voce, who macaed It from Herschel
Island to aUgle with Captal AsBanssea.
tbe 4 le-T-e-r-f tKe Xertfcwest iut,
tells at the Jrey. Pace t.
-T
IS
Disease Carries Off Yerkes,
Builder of Street
Railways.
HIS WIFE AT HIS BEDSIDE
Forgets Quarrel on Learning He -Is
Dying Enterprises in Philadel
phia, Chicago and London,
and Ills Observatory.
XEW YORK, Dec 23--Charles T.
Yerkes. the noter railway financier of Chi
cago and London, died today, in his apart
ments at the Waldorf-Astoria Hotel,
where he had been 111 for more than six
weeks. Mr. Yerkes suffered from a com
plication of diseases, growing out of a se
vere cold which he contracted In London
early in the Fall. His condition had been
critical for ten days past, and the attend
ing physicians gave up all hope several
days ago. although members of the. fam
ily clung tenaciously to the belief that
the remarkable vitality of Mr. Yerkes
would eventually pull him through. Since
last night tbe patient had been kept alive
by strong stimulants.
Desplto statements said to have come
earlier in the day from Mrs. Yerkes, wife
of the capitalist, that she would not go to
the Waldorf-Astoria, the -following official
statement was made by Dr. Loomls. who
bad attended Mr. Yerkes throughout his
Illness:
"Wife Relents at the Last.
"At the deathbed were Mrs. Charles T.
Yerkes, his wife; Charles Edward Yerkes.
a son, and his wife; Mrs. Charles Ronda
mlller, a daughter, and myself.
"At 11 o'clock Mrs. Yerkes was tele
phoned to that her husband was dying,
and she relented and went to the hotel
and was present when he died. This was
the first time Mrs. Yerkes had been at the
hotel during her husband's Illness. The
death was peaceful, but unexpected at the
time."
Mr. Yerkes residence is at Sixty-eighth
and Fifth avenue.
Spcyer &. Co., the Xew York banking
firm, which bad much to do with the local
financing ot Mr. Yerkes affairs, today
made the following statement:
London Plans Nearly Complete.
The death ot Mr. Yerkes Is particularly
sad, coming at a time when his great
work in connection with the London un
derground was rapidly approaching com
pletion and Important portions of it were
being put In operation. Mr. Yerkes fall
ing health bad warned him and the bank
ers associated with the enterprise that
arrangements should be made for reliev
ing him of a portion of his work or for
completing and carrying it out in case of
his death. These arrangements have been
perfected, and will be announced at the
proper time."
"YERKES UNTRUE TO HIS "WIFE
Rewarded First's Devotion With Di
vorce to 3Iarry Second.
XEW YORK, Dec .-Special.) Go?,
sip. usually so busy with the affairs of
the rich and prominent, has been able
to get at the exact facts In connection
with the strained relations between
Charles T. Yerkes and his wife. Of course
the air Is full of rumors, one hint
ing strongly at a fondness the magnate
had for the daughter of a Cincinnati
woman.
From Philadelphia there comes a story
of the first Mrs. Yerkes. who, before her
marriage, was Miss K 11 gore. While Mr.
Yerkes was in prison she worked unre
mittingly to secure his release, and
finally got him pardoned. During his In
carceration she did everything In her
power to make him comfortable, send
ing him dainties and cheering letters
every day.
When he was released he almost Imme
diately forsook her and forced a divorce
so he could marry Miss Aba gal I Moore,
daughter of a chemist who was employed
by the famous Powers & Welg'htman
firm.
The original Mrs. Yerkes Is said to be
living near German town. Pa.
It Is a grewsome task overhauling the
bones of a dead man to ascertain reasons
for differences In his family, and from
all indications the task might better be
left undone
GREAT BUILDER OF RAILROADS
Yerkes Trliamphs In Philadelphia,
Chicago and London.
Charles Tyson Yerkes was born at Phila
delphia, Pa-. June 23, 1S37. The Yerkes
family is of Dutch origin, the first set
tlers of the name coming to America a
few years before, the arrival of the Qua
ker colony under William Penn. C. T.
Yerkes was educated at the Friends
School and Central High School, of his
native city, and began his business life
as a clerk in the flour and grain commis
sion and forwarding bouse of James P.
Perot &. Bro.. being presented with a sal
ary of $30 at the end of his first year. In
1S33 he made his first Independent busi
ness venture by opening a money and
stockbroker's office, and three years later
purchased a banking-house. During the
Civil War he dealt heavily In Govern
ment, state and city bonds. He conceived
a plan to raise the city bonds from S3- per
cent to par. with the result that the city
was able to raise sufficient money not
only to pay bounties to the soldiers but
for park improvements that were being
made.
The panic occasioned by the Chicago fire
caught Mr. Yerkes carrying a large quaa
tlty of securities and heavily In debt te
the city for bead seM fr It, and he was
NT
KING
DEAD
forced to make an assignment. Refusing
to give the city preference over other
creditors, he was convicted and impris
oned foe misappropriation of public funds,
but was afterward pardoned. This con
viction was ultimately decided to be Ille
gal. At the time ot the Jay Cooke failure, In
1S73, Mr.- Yerkes began the recuperation
of his fortune, and. appreciating that Mr.
Cooke's suspension meant a serious de-:
cline in everything, he sold stocks heavlly
before purchasing. Immense profits were
the result, and he became Interested in
the Continental Railway of Philadelphia,
with the result that the stock rose from
515 to $100 per share.
Becoming convinced that a new money
market wa3 being formed In the West.
Mr. Yerkes made a trip through the Pa
cific Xorthwest and made a large real
estate purchase at Fargo, X. D. When
Spring came, he built business blocks,
dealt in acre property and was successful
In organizing the first fair held In Xorth
Dakota.
Subsequently Mr. Yerkes sold most of
his Dakota interests and in the Winter of
1SS1 he went to Chicago and opened a
banking-house at the corner of La Salle
and Madison streets. Five years later he
opened negotiations for the control of the
Chicago, street railways, and. with the
assistance of financial friends, he obtained
control of the Xorth Chicago City Rail
way Company. The company was com
pletely reorganized with Mr. Yerkes as
president, and cables were adopted as mo
tive power. He also succeeded in utilizing
the old La Salle street tunnel, which at
that time had been unused for many
years. Two years later he closed negotia
tions for the controlling interest of the
Chicago West' Division Railway Company.
which was also reorganized and im
proved, Mr. Yerkes becoming president
In both these undertakings the confidence
of his associates was such that they left
him to act entirely as his Judgment should
dictate.
Mr. Yerkes greatest work in Chicago
was his undertaking to build an elevated
railroad on the north side of the city, and
in forming the Union Loop Company to
provide terminals for all the roads in the
heart of the city. Mr. Yerkes boomed a
system of suburban roads connected with
tho main surface lines, and extending to
the center of Chicago. Eight companies
were chartered and about 250 miles of
track laid. All these corporations were
ultimately united Into the Chicago Con
solidated Traction Company, whose lines
literally gridiron the city.
One of the first to become interested in
the Chicago World's Fair. Mr. Yerkes
toured Europe in its behalf and was sue
cessful In attracting the attention of
would-be exhibitors. As a member of the
board of directors he was remarkable for
force of character and wisdom of counsel.
As a member of the committee on fine
arts. Mr. Yerke3 was very effective. He
gave to the University of Chicago funds
for the buildings and instruments of the
Yerkes observatory.
His latest exploit was to revolutionize
the rapid transit system of London. He
built a system of underground- electric
lines, which shines by contrast with the
old Metropolitan (underground) Railwav
In every particular, having pure air. clean
stations, clean and ;copio.rtable cars. He
then secured control' off the Metropolitan.
after a contest before a commission of
Parliament, against J. P. Morgan,- and
nas oeen engaged for several years in
transforming It Into an electric system.
As the only hours when work can bo
prosecuted are between midnlgtit and 4
A. M., this Is a slow process, and Is not
yet completed.
Ip lffil Mr. Yerkes was married to Mary
Adelaide Moore, ot Philadelphia, whose
father. Thomas Moore, was for a number
of years Identified with the well-known
firm of manufacturing chemists, Powers
s- velghtman.
ADVANCE IS ON THE ROCKS
CREW FIGHTS DEATH FN" WAVES
AT COQTJILLE.
Lumber Schooner Driven on Treach'
erous Reef at Mercy of Storm
May Be Lost.
BAXDOX. Or.. Dec 29. (Special.)
Grinding on the treacherous rocks ot
the north Jetty the schooner Advance ot
San Francisco, lies tonight at the mercy
of a maddened sea. while the crew slings
to the rigging and spectators on shore
are powerless to offer assistance. Heavy
seas are continually breaking over the
vessel, and the fate of the crew lies with
the stanchness of the ship. Should the
sea moderate it will be an easy matter
to rescue the Imperiled men, but If the
storm continues or increases they face
almost certain death.
Early Ic the afternoon the Advance
was seen creeping close In shore, ap
parently seeking shelter from the gale.
She came too close to the treacherous
rocks of the north Jetty, and was swept
upon them by the violent waves.
Heavy seas are running, and It has
been impossible to aid the stricken ship
In any way, and the waves rushing over
the decks have penned the crew below
out of the reach ot their force.
It seems Impossible for the schooner
long to withstand the pounding of the
waves, and the people are waiting
anxiously for a calmer sea to permit
some attempt at rescuing the impris
oned men.
The advance is a three-masted wooden
schooner of 251 tons gross register; used
in the coast lumber trade by C F. Doe
& Co., of San Francisco. She is a new
vessel, having been built in 1S02 by S.
Danielson for her present owners. She
ban a length of 13.8 feet, a beam of 34.3
feet and a depth of 9.4 feet.
DIVORCE OREGON BELLE
Denver Is Excited by Saycr's Suit
Against Former Helen McNntt.
DEXYER, Colo.. Dec 29- Upper-tendom
Is agog over the appl!cat!6n for divorce
that Eugene Sayer. general manager of
the Imperial Equipment Company, son of
Daniel Sayer. the attorney, and one of
the most popular young men of tbe city.
has filed In the District Court against
his wife, Helen. Desertion 13 the only
charge preferred, but wiseacres say there
were other serious causes.
Mrs. Sayer was Miss Helen McXutt, of
-HajHtete. or., and an acknowledged belle.
She married Sayer three years ago, and
was received with open arras In the high
est dreles here Site west heme about a
year age. hut aatil today H. was Hot
Icaewa that the eettpte had separated.
LABOR SLUGGERS
E
First Victory Over Brutal Prac
tices in the Chicago
Organizations.
SEVEN SENT TO PRISON
Men Who Caused Death of Carlstrom
Get Justice After State Ha3
Spent Vast Sum In Se
curing a Jury.
CHICAGO. Dec .-Five officials of the
Carriage and Wagonworkers Union, ot
Chicago, and two other hired sluggers,
who have been on trial in the Criminal
Court for conspiracy, were found guilty
tonight and sentenced to terms in the
penitentiary. The severest punishment
was Inflicted on Charles Gllhooley, leader
of the alleged gang of sluggeni. Besides
receiving a sentence to the penitentiary,
he was fined 32000. The other union men
who were found guilty were: Henry New
man, financial secretary of Carriage and
Wagonworkers' Union, Xo. 4: Charles
Casey, secretary of the union; Edward
Shields, recording secretary: Charles H.
Deutsch, member of the executive board;
John Heiden. member of the executive
board, and Marcus Looney. one of the
hired sluggers. Frank Novak, another
member of the executive board, was found
not guilty.
Caused Carlstrom's Death.
The specific case on which the men were
tried is only one of many similar In
stances that have occurred in Chicago
within the last few years. Last April,
while Chris J. Carlstrom, a nonunion
carriageworker, was returning home from
work in a factory at which a strike was
in progress, he was attacked by two men
and severely injured. He died two weeks
later, from pneumonia, contracted, it was
said from exposure while lying on the
frozen ground after he had been left un
conscious by his assailants. Last Sum
mer, when the department store team
sters' strike was at Its height and an in
vestigation of the picketing methods of
the various unions In the city was being
made bjr the State's Attorney, G'eorge
Mellor. an ex-president of the Carriage
and Wagonworkers Union, turned state's
evidence and told of the under workings
of the union.
Hired, to Slug: Nonunion Men.
During the disclosure Mellor declared
that the. union maintained what he termed
"wrecking crews," which, he explained,
meant a regular organization of men who
were hired sluggers, In order to intimi
date nonunion men who might desire to
take the places of strikers. He then cited
the- Carlstrom affair as an instance of the
results of. the . '"wrecking crew.'
Indictments were secured against the
officials of the union and the alleged
sluggers, and on September IS the efforts
to securi a jury were begun. During the
eleven weeks that it took to secure a
jury. 1921. veniremen were examined and
the total expense -of the case up to date
has been $33,000.
NO PARDOX FOR SL7UGGERS
Governor Hoch Refuses to liberate
Vice-President Ireland.
TOPEKA. Kan.. Dec. 29. Governor
Hoch announced tonight that he had de
cided not to pardon Arthur E. Ireland,
third vice-president of the American
Federation of Labor, who was sentenced
to the Cowley County jail for six months
for assaulting a non-union machinist em
ployed by the Santa Fe Railway Com
pany. Fend In. Trades Assembly.
SCHEXECTADY. X. Y., Dec 29. The
delegates to the Trades Assembly from
unions affiliated with the Industrial
Workers of the World have been expelled
from the body by the adherents of the
American Federation of Labor on the
ground that their election was unconsti
tutional. Among the deposed delegates
are the president and secretary of the
Trades Assembly. The situation in the
labor circles Is excedingly strained, and
further trouble Is expected.
Rapid Transit Lines liaise Wages.
XEW YORK. Dec 29. The Interbor
ough Rapid Transit Company, which op
erates the subway and elevated roads of
New York City, announced today an In
crease in the payment of employes, to
take effect January 1. The Increase
ranges from 15 to 25 cents a day, with
two days off with pay each month for
employes who work 12 hours a day.
SUICIDE ENCASED IN ICE
Body of Thomas Rlcord, of Seattle,
Fonnd in Nevada.
GOLDFIELD, Xev.. Dec 29. The dead
body of a man. his throat cut from ear
to ear, was found four miles south of
Goldfield yesterday. The body was com
pletely encased in Ice, and the face and
hands were black from exposure; The
dead man was about 45 years of age.
slightly built, and had red mustacne.
Friends Identified the body as that of
Thomas W. Rlcord, a mining promoter of
Seattle
An empty razor box covered with blood
was found near the body. The razor
could not be found. A Coroner's Jury re
turned a verdict of suicide. Ricord has a
mother and brother living at Chafe's
Mills. Me.
Kef agees Arrive In New York.
NEW YORK. Dec 28. Twelve hundred
Russian refugees, 730 of them Jews, ar
rived here today on the Hamburg-American
steamer Graf Waldersee fr&ra Han
burg. The Graf Waldersee brought , 3M
Huagariaae, wfce will settle to the South.
CONVICTED