THE MOKNIX& OREGONIAN, SATURDAY, AUGUST 18, 1906.
woraoiG
The
"Different Store"
THE OLDS, WORTMAN & KING STORE
Fifth, Sixth and
Washington Streets
Every Word in This Printed Announcement Must Be Backed Up by the Goods in the Store OLDS, WORTMAN & KING
GOOD
OST
President Hinckley Borrows
Funds for Real Estate
Speculation.
OWES NEARLY $500,000
First National Bank of Chelsea Is
Clofed When Director Objects to
Collateral Erring President
111, and Plans Fail.
CHELSEA, Mass., Aug. 17. Following
the Information given by Bank Examiner
Ewer, to the Controller at Washington,
that the failure of the First National
Bank of Chelsea, the doors of which were
closed last night, wap due to excessive
loans made to officers and directors of
the bank, it became understood today
that the principal factor in the suspension
of the bank was a large debt on the part
of llspresldent, Sylvester B. Hinckley.
This debt is unofficially estimated at
from $300,000 to J500.000, but statements
made today by directors of the bank in
dicate that Mr. Hinckley has transferred
to the institution his equity in large real
estate holdings, which ixy was expected
would provide for the payment in full of
all depositors. Mr. Hinckley is said to be
fatally ill at his home in Newton.
Big ProHts Go Glimmering.
Developments today indicated that Mr.
' Hinckley was Involved in extensive real
estate transactions from which he ex
pected to realize splendid profits for the
bank as well as for himself. The failure
of his plans in connection with his ill
ness, as well as the dissatisfaction of at
least one of the directors with some of
the paper placed with the bank as col
lateral, account for the closing of the
bank.
Mr. Ewer has been apopinted temporary
receiver by the Controller.
Some Very Doubtful Paper,
Director Martin, who was said to be
responsible for the investigation which
closed the bank, said today that he had
discovered things which led him to make
an investigation. As a result of it he ob
tained from Mr. Hinckley the title of the
bank In certain real estate held in the
Back Bay and Brighton by Mr. Hinckley.
When pressed for a statement as to what
In particular bad attracted his notice. Mr.
Martin said that paper which he did not
consider genuine commercial paper was
being handled. When asked if this pa
per was signed by fictitious names, Mr.
Martin said:
"There are some papers there that are
very doubtful."
Excessive Loans to Directors.
WASHINGTON, Aug. 17. The Control
ler of the Currency has received advices
bv telegraph from National Bank Ex
aminer Ewer that the First National
Bank of Chelsea. Mass., has been closed
by action of the directors. Examiner
Kwer has been appointed receiver. The
failure of the bank is reported by the ex
aminer to be due to large, excessive loans
to olttcers and directors of the bank. A
statement of the resources and liabilities
of the bank at the date of its last report
of condition was made to the Controller
June 18. 1906. This shows loans ana dis
counts to be $1,118,586: cash on hand. $57.
379: capital stock, $300,000, and deposits,
$t!79.729.
Poles Ask for Separate Receiver.
CHICAGO, Aug. 17. The Polish. Na
tional Alliance of the United States of
North America today filed a bill in the
Superior Court asking that another re
ceiver for the Milwaukee-Avenue State
Bank be appointed and that a Judgment
in favor of T. T. Elde against the bank
be set aside as fraudulent.
The bill Is based on "the allegation that
the alliance has $48,000, which, being death
benefits, ls exempt by law and should
be separated from the other funds in the
bank, that' the alliance represents the
majority of creditors and its Interests
should be protected.
Garfield Bank to Pay In Full.
CHICAGO. Aug. 17. Ellis E. Drake,
who was in control of the Garfield Bank,
for which a receiver was appointed yes
terday, gave notice today that he would
ask that the receivership be set aside.
Drake insisted that he had ample funds
to pay obligations of the bank, which, he
says, amount to $40,000.
COMING WEST GRADUALLY
Northwestern to Join Short Line.
Harriman'g Control of St, Paul.
NEW YORK, Aug. 17. (Speclal.)-Itiis
understood that the Northwestern and
Union Pacific are in harmony and that
the new stock issue of the former Is not
for an aggressive move against the lat
ter. This lends strength to the view
that the Northwestern will gradually
work its way across Wyoming and
finally intersect the Oregon Short Line In
Idaho. The effect will be, howover, to
give another transcontinental line converging-
on Portland.
The rumor ws persistently circulated
here today that the Southern Pacific had
bought control of the Milwaukee Rail
road. The stated price paid was $100 in
Southern Pacific preferred stock and $100
ca?h for each share of Milwaukee. The
report was emphatically denied by peo
ple In touch with the Southern Pacific.
It is believed generally, however, that
the Harrlman and Kuhn-Loeb interests
recently bought heavily into Milwaukee.
CHINESE OFFICIAL KILLED
Gasoline Tank Explodes With Fatal
Results in Pekln.
PEKIN. Aug. 17. By the explosion of
a gasoline tank used in crmection with
a lantern show here, a General of the
army and another official were killed to
day and several persons were wounded.
The occurrence caused great alarm and
gave rise to many rumors, one being to
the effect that an attempt had been
made, to assassinate Wu Ting Fang, ex
Chlnese Minuter to the United States, by
a bomb as he was returning from an
audience with the Empress.
USES CANNON ON TATARS.
Russian Colonel Repulses Desperate
Attack on Persian Border.
TIFLIS, Aug:. 17. News was received
here today of an engagement between
Colonel Verven's detachment, garri
soning the village of Agdura in the
Province of Tellzavetpol, close to the
THE
'TELEPHONE
STORE"
Specials That Pass With the Night
THE
'TELEPHONE
STORE"
THE AUGUST SALE
Of Beautiful
Cut Glass
SPARKLES AND SCINTILLATES WITH
BARGAINS.
A Truly Wonderful Exposition and Sale in "Crys
tal Grotto" Today. Tonight.lt Ends.
Magnificent Libbey Cut Glass at Spe
cial Sale Prices Today Only
The display of cut glass in the "Crystal Grotto"
has no equal
on the Pacif
ic Coast, and
you will feel
well repaid
for time
spent in ma
king a visit
there.
We are closing out odd lines at special prices
very exceptional values in the offerings, and hun
dreds of handsome articles from which to select.
PERFUME BOTTLES.
4
Our $1.25 value, special at, each T5
Our $2.25 value, special at, each $1.13
Our $3.25 value, special at, each $1.63
STEINWARE CUT FLUTE.
Goblets, 'our $24.00 value, special at, the
dozen $12.00
Saucer Champagnes, our $22.00 value, spe
cial at,' the dozen. . $11.00
Cocktails, our $14.00 value, special at, the
dozen $ 7.00
Wines, our $14.00 value, special at, the
. dozen $ 7.00
Sherries, our $14.00 value, special at, the '
dozen -. . $ 7.Q0
Cordials, our $12.00 value, special at, the
dozen $ 6.00
WHIRLWIND DESIGN.
Goblets, our $30.00
value, special at,
the dozen $15.00
Champagne, our $30
value, special . at,
the dozen ...... ..$15.00
Cocktails, our $27
.value, special at, .
the dozen $13. 50
Wines, our $24.00
value, special at',
the dozen $12.00'
Cordials, our $18.00
value, special at,
the dozen ... $ 9.00
8-inch Bowls, our $4.50 value, special at,
each $ 3.25
8 - inch Bowls, fancy shapes, our $5.00
value, special at, each $ 3.50
Sugars and Creams, our $4.00 value, spe
cial at, the pair. . $ 2.95
Sugars and Creams, our $4.50 value, spe
cial at, the pair $ 3.25
11-inch Celery Trays", our $3.75 value, spe
cial at, each $ 2.75
11-inch Celery Trays, our $5.50 value, spe
cial at, each $ 4.00
6-inch Footed Comports, our $6.00 value,
special at, each. $'4.25
Whip Cream Bowl and Plate, our $6.50
value, special at, each $ 4.50
9- inch Square Nappy, our $12.75 value,
special at, each $ 9.50
Water Tumblers, our $11.00 value, special,
at, the dozen $ S.65
Water Tumblers, our $9.00 value, special
at, the dozen :...$ 7.15
SPECIAL PRICES ON ROCK CRYSTAL.
The name "Libbey" etched on every piece insures
the best.
Hock Crystal Sherbets, oiir $44.00 value,
special at, the dozen $29.30
Rock Crystal Wines, our $35.00 value,
special at, the dozen $23.25
Rock Crystal Saucer Champagnes, our
$40.00 value, special at, the dozen $26.65
"Forewarned is Forearmed" Be Warned! Ten Last Hours of the
Great August Shoe Clearance
POPULAR RUGS IN A SALE
Go Out With the Day! Sale Ends Tonight!
"Your neighbor has been here, Mrs. . Yes, she bought Shoes several pairs. Suppose you ask her
whether or no she's pleased with her 'buy' whether or no the shoes she bought for herself and the young
sters are satisfactory now that she's had 'em home and looked them over carefully, and started on the test
of wear. Your shopmate was here, too, Mr. Man, and got shoes for himself and the boys. Have you heard
any 'kick' from him about his purchase? We have not. Why? Because they all got standard shoes from our
own carefully selected stocks. Good shoes, not 'scuffs, from a 'hodge-podge' collection of 'safe stuff. If
there's a complaint roaming at large anywhere about town we want it rounded np and brought in, and we'll
thank the bearer who delivers it at the Shoe Store.
TODAY EVERY PAIR OF SHOES IN OUR STOCKS
STANDS SHARPLY REDUCED!
Think of it I You choose from the largest stock of Footwear in Portland and no matter where your
eye falls or your hand drops, whatever it touches is reduced if it's in the Shoa Store. Everybody knows
that the Olds, Wortman & King standard lines of Shoes are criterions of value; exponents of the most
shoe value and style for the money. The present gain is self-evident from today's prices. Examples of re
ductions are printed below.
Women's Shoes, Values to $5.00, for $3.19 Women's
Shoes, made in patent and dull leathers -, by the fore
most factories of the country; shoes selected from our
regular stock; values to $5.00. Special at, pair. $3.19
Girls' Shoes Of best kid leather; lace, Blucher cut, with
oak leather soles, patent tips and new straight-away
last and in four styles:
Sizes lVz to 2; our $1.8o value. Special at, the
pair $1.65
Sizes to 11; our $1.60 value. Special at, the
pair $1.40
Sizes 6 to 8; our $1.35 value. Special at, the
pair $1.15
Women's $2.60 Oxfords $1.49 Women's black or tan
Oxfords in Blucher or regular cut, with light or heavy
soles; values to $2.50. Special at, the pair $1.49
Women's $3.00 Oxfords $1.98 Women's Oxfords in pat
ent and dull leathers, button and lace styles, Goodyear
welt and turn soles, Blucher or regular cut; several
style lasts; values to $3.00. Special at, the pair. $1.98
Women's Oxfords, Values to $4.00, for $2.69 Women's
Oxfords in all styles in patent leathers, demi-glaze, gun
metal and kid leathers; all new, down-to-date lasts and
patterns. The lot embraces our popular Pingree Gloria
line, Hallahan & Sons, Val. Duttenhofers, Wright,
Peters & Co., and many others of equal fame; values to
$4.00. Special at, the pair $2.69
Women's $3.00 Shoes $1.98 Women's Shoes in pat
ent and dull leathers in college and regular cuts,
with mat or bright tops; several styles in the
selection; values to $3.00. Special, pair. .$1.98
Women's $5.00 Shoes $1.98 Women's Shoes in tan
and champagne, made of the finest materials, with
welt or hand-turned soles, with or without tips;
French, Cuban or milifary heels and many new
stvle lasts; regular values to $5.00 Special, per
pair : : ., $1.98
Boys' Box Calf Shoes Made of the new turned calf
. in Blucher or regular lace; good, heavy soles.
. Sizes 2V2 to 5y2; our $2.50 value. Special at, the
pair ......$1.89
Sizes 13 to 2; our $2.00 value. Special at, the
pair $1.69
Saturday, August 18th
Store Closes at 6 P. M.
John D. Rockefeller, during his recent visit to
Europe, expressed himself as very greatly impressed
by the thrift iness of the French people. He is re
ported to have exclaimed admiringly:
"There is no waste in farm or field; there is no
waste in kitchen."
As an unknown poet has said :
Jest them words that-a-way.
Now, this is profound wisdom, though it is not
the Wisdom of Mr. RooUefeller. Mr. Rockefeller's
repetition of it will, without doubt, make it an
aphorism among certain- persons, and thus dissemi
nate a great fact in economics.
Thrift is the lesson that France has for the ma
terially minded. That noble and versatile nation
has many higher lessons to teach, but they are for
persons not materially minded, but seeking higher
things, or things more difficult of attainment.
It is well to have this lesson brought home to ns
every now and then. We print a lesson of practical
thrift in these columns today. Study it well; if
you learn the lesson you'll be here today. Applied
learning will save you many dollars in this case
apply yourself.
Men's $3.50 Oxfords $2.19 Men's Oxfords in black
or tan, Blucher or regular cut; fine selection;
values to $3.50. Special sale price, pair.. $2. 19
Men's $5.00 Oxfords $2.98 Men's Oxfords in pat
ent or dull leather made in the best possible
manner over lasts that are the newest creations
of modern shoemaking; values to $5.00. Special
sale price, the pair $2.98
Men's High-Grade Oxfords MaSe- by Florsheim &
Co., Hurley Bros., Edwin Clapp & Son than
whom no better shoemakers exist your choice of
any of these fine Oxfords at the following special
prices: ....
Our $7.00 value. Special at, the pair $4.95
Our $5.00 and $6.00 value. Special at, pair. $3.95
Silk and Dress Goods
Bargains Today
The call of the dressmaker will soon be heard1
thro 'out the land. Save when you may. ,No time
like the present. Come today: Annex, Fifth Street,
First Floor. Special today:
In Dress Goods Shops.
2S00 yards 44-inch Silk and Wool Dress Goods; very
swell fabric for dressy wearers; all colors to
choose from; our regular $1.50 grade. Special
at, yard S3
The Silk Store.
Genuine "Royal" Wash Taffetas, in a full color as
sortment; regular 75c grade; special at, yd..59J
Hosiery and Boys Waists
WOMEN'S 25c HOSE 19c
Women's seamless Hose in black, tan, blue or pink,
with lace boots or all lace; our 2oc value. Special
at, the pair 19
INFANTS' 25c HOSE 15c.
-Infants' mercerized lace lisle Hose in black, blue,
pink or red: our 25c value. Special, pair..l5J
BOYS' 35c WAISTS 23c.
Boys' Blouse Waists in medium light shades; as
sorted stripes and checks; our 35c value. Special .
at ...23
Handsome $2.50 Axmin
sters $1.85
Fourth Floor.
Very popular Rugs, these Axminsters, and the in
creased cost of materials, bringing in its train
higher prices for the coming season, makes today's
special sale doubly interesting to thrifty rug
buyers. They're good size for parlor, sitting
room, den, library or boudoir. In handsome col
orings and Oriental and floral designs; fine quality
and in shades to match any carpet. The best
regular $2.50 values in Portland will be offered
today as an extra Summer special at ....$1.85
LOST!
Half the Price on Some
Parasols
ALL ARE PRICE-PRUNED
Here's the chance for
foresighted women to get
a dainty, handsome Sum-"
mer Parasol at trifling
cost. And there's a plen
ty of time yet for "wear
ing" one of these neces
sary accessories to wom
an's warm weather toil
ettes ere the rains come,
whe you can nest it snug
ly and lay it by for anoth
er season's use. We've
sharply reduced prices on
entire stock of Parasols.
Among the notable bar
gains especially worthy of
mention are the fetchingly
pretty, Dresdens, and smart linens in great choos
ing, some beautifully enhanced by embroidery and
insertions. Pongees call attention, and the charm
ing "Tokios" that bring a breath of fair Japan
along with their unique Oriental beauty. This lat
ter favorite from the land of Ito possesses 16 ribs,
which adds a strength not generally found in 'sun
shades." Reductions trend this way:
The $3.50 and $4 Parasols, today $2.50
The $5, $6 and $7.50 Parasols, today $3.75
Beautiful "Tokio" Parasols, in colors, at Half Price
$8 grades at $4; $10 grades at $5; $12.50 for
$6,25.
The pretty and elegant fancy Parasols in high
grade makes: $15 values at $7.50; $17.50 grades
at $8.75 ; $20 grades at $10.
NEW $6.50
Black Hats at $2.19
Millinery Salons, Annex
Second Floor.
What's wrong t Not a
thing. The hats are new
for Autumn wear; just in
from the makers this week.
But we promised the millin
ery management that during
his New York trip we who
stayed at home would sell off
all stock and keep the busi
ness "humming." And goodness me! 'twill be
six weeks yet ere we hear the toot of the whistle
on the train that brings "his lordship" home. But,
about the hats: For women who "dote on black."
Trimmed turbans and handsome broad-brimmed
Dress Hats, built from soft and pretty horsehair
braids and attractively trimmed with chiffon, roses
and smart tips. Handsome, stylish hats, regular
price $6.50. But, to make good our promise and
"keep business humming," we're going to 6ell these
hats, for wear now and during Autumn months,
today "only, at $2.19.
Women s Underwear and Hosiery
End-of-the-Week Specials. End-of-the-Season
Prices. Come today for these.
First Floor.
WOMEN'S 50c UNION SUITS 35c.
Women's white lisle Union Suits, low neck, sleeve
less, knee length; big 50c value. Special for to
day at, the suit 35
WOMEN'S 35c VESTS 19c.
Women's white Swiss ribbed Vests, sleeveless; lace
insertion yoke; our 35c value. Special at...l9
Persian border frontier. and Tatar
bands who attacked with such deter
mination that Colonel Verven was
forced to order his artillery Jnto action.
Thev Tatar loss both in killed and
wounded was heavy, six soldiers were
wounded. Further attacks are expected.
Prince Vatchnadse, an estate owner,
was killed today at Kalaki, a village
near Tiflis.
The Persian colony here today cele
brated the grant of the constitution
by the Shah.
BOMBS THROWN AT EMPLOYER
Workmen Rescue Throwers From
Grip of Police.
TUZOVKA, Aug. 17. Two bombs were
thrown today at Assistant Superintendent
Chambers, of the Novo Rossisk Compnny,
while he was driving in a carriage, which
was demolished. Seeing that Mr. Cham
bers was not seriously hurt, his assailants
fired at him with revolvers, wounding his
guard. The nolle arrested the bomb
throwers, but they were rescued by a
crowd of workmen.
New French Embassy at Capital.
PARIS. Aug. 17. When the Senate and
Chamber of Deputies meet in November
the Government intends to ask for an
appropriation to Insure the erection of a
handsome structure for the French Em
bassy at Washington.
Furniture-Makers Bankrupt.
NEW YORK, Aug. 17. A petition in
bankruptcy has been filed against William
F. Mohr, doing business as F. Mohr &
Co., manufacturer of furniture. A state
ment of the condition of the business,
on January 1, 1905, showed assets of $321.
732, and liabilities of $54.4S6. Judge Hough,
of the United States District Court, ap
pointed Wilbur Larremoore receiver of
the assets, which are estimated at $300,000.
Oysters cannot live in the Baltic Bea, tii
reason being that It Is not salt enough.
They can only live In water that contains
at least 37 parts of salt to every 1000 parts
of water.
BURIED
TUNNEL
Cave-In Entombs Fifty Vir-
ginia Miners.
RESCUERS' FRANTIC WORK
While Families Walt In Breathless
Suspense, Comrades Dig to
Reach Them Before
Life Is Extinct.
BRISTOL, Va., Aug. 17. Fifty men
are entombed alive in the Clinch Moun
tain tunnel at Clinchport, Va., as a re
sult of a caVe-in, which occurred to
day. It ls not known whether the men
are dead or alive, but the work of
rescue is being rushed as fast as pos
sible. Air is being pumped into the
tunnel by several pumps for a dis
tance of 700 feet, and a large force
of men is working in an effort to res
cue the unfortunates before they per
ish, if they are not already dead.
The men entombed are chiefly na
tives of that mountainous section of
Southwest Virginia and the excitement
and anxiety are intense. Men, women
and children tonight were at the mouth
of the tunnel awaiting news of those
dear to them and pitiable scenes were
enacted.
The tunnel is being driven through
ollnch Mountain for the South. &
Western Railroad and ls to be one
mile in length. It has already been
extended- about 700 feet, and the men
are a considerable distance in the
hole.
THREE BODIES TAKEN OCT
Meager Additional Details of Tunnel
Disaster Received.
BRISTOL Va., Aug. 18. (2:40 A. M.)
The telegraph operator at Alberts, Va., a
small station on the Virginia & South
western Railway, four miles from Clinch
tunnel, on the Southwestern Railway,
says it Is reported there that three men
have been taken from the tunnel dead
and two others seriously Injured. It is
impossible to get further details for soma
hours, owing to the remoteness of the
scene of the cave-In
j AUTO REACHES NEW YORK
LABOR SHOOTS AT CANNON
'
(Continued FromPaire 1.)
not only Tiandle a traffic judged incon
siderable by American standards, but do
so inefficiently and inadequately.
"I am more than ever convinced mu
nicipal operation Is the last desperate re
sort, to be invoked only when private
enterprise has been tried and failed."
DEFINES HUGHES POSITION
Woodrurf Says He Will Not Ron
Against Governor Higgins.
NEW YORK, Aug. 17. The Evening
Post today quoted Timothy L. Wood
ruff, of Brooklyn, as saying that if
Governor Higgins is a candidate for
renominatlon for Governor of New
York, Charles E. Hughes will not en
ter a contest for the nomination. Mr.
Wroodruff said that Mr. Hughes would
not be a party to any factional strife.
His proposed nomination by ex-Governor
Odell was merely an expedient
of the opponents of Governor Higgins,
Mr. Woodruff said. '
MASSACHUSETTS IS RESIGNED
"Accepts" Bryan as Candidate of
Democracy In 19 08.
BOSTON, Aug. 17. Resolutions "accept
ing" William Jennings Bryan as the Na
tional leader of the Democratic party
and as its candidate for the Presidency in
190S were unanimously adopted at a meet
ing of the Democratic State Committee
held here today to make arrangements
for the annual state convention. October
4 was named as the time, and Tremont,
Boston, as the place for holding the convention.
Makes New Transcontinental Record
of 15 Days 1 Hour SO Minutes.
NEW YORK, Aug. 17.-D. L. Whitman
and C. 8. Carrla, who arrived at the Astor
House here tonight at 11:55 o'clock in a
16-horsepower machine, thereby estab
lished a new cross-continent automobile
record of 15 days, 1 hour and 50 minutes.
The former record 32 days and 23 hours
they made In 1904.
Mr. Whitman brought a letter from
Mayor Schmttz. of San Francisco, to
Mayor McClellan, of New York, express
ing San Francisco's thanks for the as
sistance tendered by the people of New
York after the earthquake.
Giving Details of the Row.
WASHINGTON. Aug. 17. In response
to Preeident Roosevelt's request for in
formation concerning the situation at
Brownsville. Tex.,. Acting Secretary
AInsworth has forwarded the report re
ceived from Major Penrose and will also
forward detailed information of the in
vestigation now being made by the mili
tary authorities.
I PR
OPOSA
For Printers and Contractors
Here's a Case of Reciprocity Practically Applied. The
Reed-French Piano Manufacturing Co. Want Work Done
Office Carpentering Wanted
We will have to fix up an office and a parlor or two to show pianos
some people like to hear how a piano sounds in a parlor so we're go
ing to fix one up. This work, according to a flgurer we had yesterday,
will be about $300. We'll give yju a piano (as fine as ever crossed the
Cascad.es) and we'll pay a ca3h difference besides if you'll do the work
quickly.
Printing Wanted
We will want to sav quite a little by way of the printing press in the
course of the year; we'd guess about $300 worth. We would like for you
to look at one of our pianos see what you think of it, and If you be
lieve what we say, of it, take it on account of printing, and if
the piano isn't worth the printing we'll pay the difference.
. . .
v We can show a splendid little Instrument for $217 this Is one of our
x own and there's but one profit to look out for if a retailer had hold of
it, it would be no effort at all for him to get three and a quarter for It.
Our combination piano player Is the king; of them all. It makes its
own argument. We'd like for you to hear It.
The Reed-French Piano Mfg. Co.
"FROM MAKER TO PLAYER."
Sixth and Bnrnalde. The Commonwealth Building.
"It may be a little out of the way, but what of that."