Morning Oregonian., March 01, 1907, Page 3, Image 3

THE MORNING OREGONIAN, FRIMY, MARCH 1, 1907.
3
BERTS THE MINT
Tl
NG MONEY
Hill-Morgan Northern Pacific
Investment Increases
850 Per Cent.
DIVIDENDS 50 PER CENT
lor $4,000,000 the Syndicate Buys
Stock of $25,833,000 Par Value.
Rivals Harriman for Feats
in High Finance.
PHILADELPHIA, Feb. 28. (Special.)
That James J. Hill and his associates in
the control of the Northern Pacific Rail
road acquired a profit of 850 per cent on
a stock allotment at the reorganization of
that railroad is one of the astounding
statements made by those who are inter
ested in demanding a probe of the Hill
Morgan financiering of the Northern Pa
cific system.
Mr. Hill and his crowd have been get
ting annual dividends amounting to 50
per cent 'on their- investment of $4,000,000
made at the time of the reorganization.
Frank B. Kellogg, the special counsel
who is conducting the Federal investiga
tion Into Harriman lines. Is fully ac
quainted with the Northern Pacific scan
dal and is equipped' to push the probe.
The Inquiry derives local interest from
the fact that approximately $4,000,000
worth of Northern Pacific stock is held
In and around Philadelphia. The most of
the stock is held In the Northwestern
States, where great injury to bona fide
holders has resulted from the reorgan
ization. Millions of acres of rich timber,
mineral and wheat land also came into
the grip of the Hill-Morgan syndicate
through the reorganization.
$25,833,000 Stoik for $4,000,000.
In the Harriman inquiry before the
Interstate Commerce Commission Mr.
Kellogg and C. A. Severance, in the ex
amination of Otto Kahn, of Kuhn, Loeb
& Co., devoted much time to showing that
in the reorganization of the Union Pa
cific there was Inflation in the capitali
zation. Those interested in asking for
a probe as to the Hill-Morgan reorgani
zation of the Nortlm Pacific say worse
conditions will be disclosed upon an in
vestigation as to it. The capital stock
of the old Northern Pacific at the time
of the reorganization was tS4,OOC,000. In
the reorganization the stock was in
creased to $155,000,000, more than S4 per
cent, and it has recently been voted to
increase the stock to $250,000,000. In the
reorganization one-third of the $T7.500,O00
common stock, amounting to $25,833,000 par
value, was allotted to a syndicate and
immediately acquired by James J. Hill
and associates of the Great Northern for
$4,000,000.
Pays 60 Per Cent on Investments.
Mr. H1U and associates have, been get
ting 8 per cent dividends on the par value
of $25,000,000. or 50 per cent on the In
vestment. The dividends for two years
paid the price given by them for the
stock. Thilr $4,000,000 Investment is com
manding in the market more than $3S,
00,000, a profit to Mr. Hill and his friends
of about 850 per cent.
Mr. Kellogg, who is conducting the
Harriman Investigation, is familiar
with many of the facts connected with
the Northern Pacific reorganization.
It was he who made affidavit to the
petition tiled in Minnesota, asking for
the dismissal of the so-called credit
ors' bill against the Northern Pacific
In 1S93 It was averred in the peti
tion that the bill was filed by the
plaintiffs acting in collusion with the
Northern Pacific and that the appoint
ment of receivers under the creditors'
bill was without authority of law and
was applied to hinder and delay. Court
entered a decree dismissing the cred
itors' bill. The bill was entertained,
however, in the Wisconsin district and
a reorganization effected.
SHIP FLOATING BOTTOM UP
Schooner Bessie K. Wrecked and
Crew Perhaps Drowned.
VICTORIA. P.. a, Feb. 28. The
steamer City of Puebla, which arrived
today from San Francisco, reports a
shipping disaster involving the loss of
the gasoline schooner Bessie K., of
San Francisco, probably with all hands.
At 3:10 P. M. Wednesday. 13 miles
west of northeast of Cape Blanco, the
"Bessie K. was passed, bottom up. There
was nothing to show what had become
ft the crw of tho schooner, which
had seemingly overturned because of
a heavy deck load.
The weather was fine, and Captain
Jepson and a boat's crew went over
to the wreck to make an Investigation.
The vessel was high in the water, of
ering opportunity for towg. Captain
Jepson, being north bound, could not
put a line on the vessel, but he be
lieves the steam collier Wellington
has picked up the vessel.
The Wellington (Captain Cutler') was
met south bound soon after the up
turned wreck was seen, and Captain
Jepson reported it to the Wellington's
master. The masts and wreckage, held
by rigging, were floating alongside the
upturned schooner.
ROOSEVELT MAY ATTEND
Peace Congress Also Expects Am
bassador Brycc to Be Present.
NEW YORK. Feb. 28. The programme
for the National Arbitration and Peace
Congress to be held In this city from
April 14 to 17 for the purpose of increas
ing public Interest In international settle
ment of difficulties has been nearly filled
out by the executive committee, of which
Professor Samuel T. Dutton. of Colum
bia University, Is the chairman.-
The committee Is still uncertain as to
th presence of President Roosevelt, Am
bassador Bryce and Secretary Root, but
the other prominent speakers have al
ready consented to come.
The Congress will open on Sunday. April
14. with a musical service in, Carnegie
Hall, conducted by Frank Damrosch. Ad
dresses will be made by Archbishop Far
ley, Representative Potter and Rabbi
Hirsch. of Chicago.
On Monday afternoqp the first session
will be held In Carnegie Hall. Andrew
Carneg: will preside. Mayor McClellan
will welcome the delegates and Governor
Hughes will make an address. An in
ternational meeting will be held that
evening in the same hall, when Senator
Baron d'istournelles de Costant, of
France;' Baron Deschamps. Belgian Min
ister of State, and W. T. Stead will make
addresses.
A woman's meeting will be held Tues
day morning and a young people's meet
ing in the afternoon. Tuesday evening
there will be a meeting for wage earn
ers and one for university students.
At the legislative and Judicial meeting
Wednesday afternoon speeches will be
made by William Jennings Bryan and
Congressman Richard Bartholdt. The
Congress will close with a public dinner
Wednesday evening.
TRAIN DUMPED IN DITCH
B. & O. Express Jumps Track and
Burns Two Hilled, Eight Injured.
CONNELLSVILLB. Pa., Feb. 28. Balti
more & Ohio train No. 609, westbound,
running 18 minutes late and 40 miles an
hour, was wreoked near Indian Creek to
night several miles east of here. The
train consisted of a combination smoking
and baggage car. two day coaches and
the private car of Robert J. Finney, su
perintendent of the Pittsburg division of
the Baltimore & Ohio Railroad, and left
the track and, after running for 200 feet
along the ties, was thrown into a ditch at
the foot of the mountains, where the
wreckage was completely burned.
Wylie Irwin, engineer, of Pittsburg, was
killed, the fireman fatally injured and the
baggage-master, express messenger, con
ductor and six passengers seriously in
jured. About 30 passengers were more or
less cut and bruised.
RAILWAY EMPLOYES SCORED
Indiana Railway Commission Makes
Report on Recent Wrecks.
INDIANAPOLIS. Feb. 28. The State
Railroad Commission today made a re
port to the Legislature on the recent
wrecks at Woodville, Fowler, and the
explosion of a car of powder at Sand
ford, which destroyed a Big Four pas
senger train. The report scores rail
way employes for disregarding the
rules, and asks that railway companies
require a more thorough knowledge
of the rules on the part of their em
ployes, and orders roads having a
gross Income of $5000 or more per mile
to install an improved block system. It
also recommends that no telegraph op
erators under 21 years of age be- em
ployed and that railroads refuse to
accede to the reckless demands for
greater speed.
, Fatal Collision of Work Trains.
IiAS VEGAS, N. M-. Feb. 28. In a col
lision of work trains at the Salt Lake
washout, near Caliente, at least three per
sons were killed and several were fatally
Injured. A special train carrying 40 of
those most seriously hurt left here at 5
o'clock for 7s Angeles, where medical
attention may be secured. Accompanyirfg
the train are two directors.
ESCAPES FINE BY DEATH
Judge Holt Refuses to Make Pom
eroy's Family Pay.
NEW YORK. Feb. 28. Judge Holt
In the United States Circuit Court to
day handed down an opinion sustain
ing the motion of the executrix of
Frederick L. Pomeroy to have declared
invalid the judgment of $18,000 against
the estate, because of Mr. Pomeroy's
death.
Mr. Pomeroy was traffic manager of
the New York Central Railroad, and
as such was Indicted and tried In con
junction with the corporation for hav
ing violated the Elklns anti-rebate
act, in having given rebates to the
American Sugar Refining Company.
With the corporation, he was convicted
and fined $18,000. Subsequently Mr.
Pomeroy died, and his executrix came
into court and moved for the vacating
of the judgment, saying it was vitiated
by his death.
jAdge Holt said it was a well-settled
fact of law that prosecutions for
crime were abated by the death of the
person charged. If the judgment were
collected now. Judge Holt held, the
family alone would be punished, and
In view of all the contentions, he
thought the United States Circuit
Court the proper tribunal to pass on
tlie matter, and vacated the judgment.
Same Old Management.
NEW YORK, Feb. 28. The Inspectors
of election of the New York Life In
surance Company sent a preliminary re
port to State Superintendent of Insur
ance Kelsey today. Those figures, which
are not final, indicate a victory for the
administration ticket at the recent elec
tion. Summarized, the figures are as
follows:
Chal-
Administration. Good.- Bad. lenged.
International 8.1.4:17 1 1.021 170.84S
Policy-holders commit'e. 35.000 fl.oos 7ft C48
Split tickets 2,972 4,079 3,924
The total vote cast was 407,311, of which
the policy-holders' candidates received
121.644 and the administration candidates
273.236. The inspectors of election have
made no attempt yet to act on the
challenged votes or throw out the dupli
cates or test the validity of the ballots
and proxies. This work will consume
many weeks.
W. P. Garrison, Editor of Nation.
NEW YORK, Feb. 28. Wendell Phil
lips Garrison, son of William Lloyd
Garrison, the Abolitionist, and for more
than 20 years editor of the New York
Nation, died at a hospital In South
SILVERFIELD'S
URS
Comer Fourth and
Morrison Streets
ular $7.00 values. Spe
cial price
We pay highest price for raw furs. Write for price list
1 1 1. Ti i '" , , 1 !i I
10,000 Yards ol Mull
Regular 18c Values at
For Friday
Day only, Lipn
Wolfe
& Co. offers 10,000 yards
of new Spring 1907 Mull
check wash fabrics, white
grounds
with corded
checks, on
which are
printed in
daintiest de
signs flow
ers, pin dots
and figures.
Large varie
ty of pat
terns. Regular 18c
values. Extraordinary
special for Friday Bar-
SVdDa-:i2'2c
100075c Incandes
cent Gas Lights 48c
This famous 175-candle-power light,.
made by the Welsbach Consolidated
Light Co., complete with good mantle,
opaline globe and patent burner, saves
more gas than any other light and gives
a cheerful radiance and steady flood of
white light unequalled by any other.
Always sold elsewhere at 75c and
higher, regularly. A wonderful bar
gain for Friday that may not
last all day, at 48c
175 Can die-Power
85
Orange last night, aged 66 years. He
had ben ill for several months.
In 181 the Nation was combined
with the New York Kvenlng Post. Un
der the new management Mr. Garrison
became literary editor of the Evening
Post and edltor-ln-charge of the Na
tion. This position he held until his
retirement last June.
DAILY CITY STATISTICS
Births.
MACPHERSON Bom to the wife of Alex
ander MacPherson, February 23, at 1010
Stockton street, a son.
JOHNSON Born to the wife of Nets John
son. February 27. at 381 North Sixteenth
street, a son.
RICE: Born to the wife of J. Walter Rice,
February 19, at 14 East Twenty-fourth
Btreet. a daughter.
RANDALL Born to the wife of H. N.
Randall, February 2. at Portland Maternity
Hospital ,a daughter.
PINDL,ER Burn to the wife of Arthur
Spindler, January at 46 East Ash street,
s son.
CHRISTBNPON Bom to the wife of Mau
rie Christenson. February 5, at 194 Knott
street, a son.
P AG-UK Born to the wife of John J.
T'ague, February 21, at Sacramento
Comer Fourth and
Morrison Streets
Spring Special
ForThisWeek Only
French. Chinchilla Ties, 60 inches
long, gray satin lined. This shade
of gray is an ideal blend for the
latest colors in Spring Suits. Reg
$3.95
Remodeling of Furs now done at
greatly reduced prices and stored
free.
Checks gg
gSt
12'2C
Nightgowns
$1.75 Value at $1.19
Special for Friday Bargain Day we of
fer 85 Ladies' Nightgowns, made of
fine cambric and nainsook and daintily
trimmed with Valenciennes lace, rib
bon, etc., in various styles. We regret
that there are only 85, and they may
not last all day. Be early.
Reg. $1.75 values, Friday $1.19
HEMPTREET Born to the wife of Gar
field Hemstreet, February 18. at 5,",w Hol
brook street, a daughter.
M'GL'IRE Born to the wife of John Mc
Oulre, February 19. at 191 Monroe street, a
daughter.
RYDER Born to the wife of F. J. Ryder,
February 21. at MontaviUa. a daughter.
CRAIG Born to the wife of R. N. CralK,
February 27, at 2l(a Russell street, a son.
Deaths.
WHITEMORE At 6.17 Johnson street,
February 25, Chester Andrew Whitemore,
the 9-month-old son of C. A. Whitemore.
ANDERSON At 435 Alder street. Febru
ary 27, Karl Anderson, age i4 years.
M'CARTH Y At 15:10 Portsmouth avenue,
February 20, John F. McCarthy, age 49
years.
, Mail Orders Promptly
Attended to
Satisfaction Guaranteed
SPECIALS 22TODAY
New Spring
Skirts $7.50
PERFECT FITTING MOD
ELS AT A LOW PRICE
These Skirts are this sea
son's newest plaited styles
and come in the new weaves
of broadcloth, serge, cheviots
and Panamas, in desirable
shades of blue, green and
brown, including black and
novelty plaid effects. They
are all exceptionally good
values at the special price
of $7.50
7.50Infants'Coats$3.65
This Fridav and Satnrdav Snecial
This Friday and Saturday Special
is one of great interest to all eco
nomical mothers. Infants' and
children's Coats, made of Benga
iine Silks, Wool Corduroys and
Pongee Silks, in white, cream and
tan. Beautifully trimmed with silk
applique and silk braid; sizes 1
to 6 years;-values to DQ JC
$7.50, for. pJ.OiJ
See Window Display.
Spring Suitings
$1.00 Per Yard
3000 yards New Spring Suit
ings, in latest up-to-date ef
fects, imported to retail for
$1.25 to $1.50 a yard. The as
sortment includes:
Bl Inch medtum-irelght Tailor
Sn Ulnars.
4 l-lo. Chiffon Panama Noveltlen.
tz-la. Krench Pastel Check and
Plnlda.
SO-ln. Monotone Checks.
44-ln. English Mohair Sultfnics.
44-1 n. All-wool Gray Panamas.
Black and White Shepherd Plaids.
Block Checks, all ulsrs.
Sew White and Bluck Taffeta
Lainen.
Worn. 50c Hose
3 Pairs for $1.00
Women's Black Cotton Stock
ings, white soles, white feet,
ribbed tops with white soles,
50c value, special ff
at 3 pairs for 1UU
Laundry Bags
39c Values 29c
175 Laundry Bags of art
crash, with quaint designs,
ready for use, special rjQ
Friday, at S'O'W'
25c LAUNDRY BAGS 15.
Made of strips of art cloth, alter
nating colors.
New Panels for Pyrography Work,
novel designs, all sizes, 10c up.
"Fighting the Drug Trust"
Vegetable Worm Syrup, bottle 21'
Colwell's Worm Lozenges, b'x,19i
Compound Kxtract of Buchu..-41
Compound Cathartic Pills. b'x.lSc
Henderson's Kidney and Back
ache Pills 204
Fhenamid Tablets, prompt re
lief for headache, box 19
Improved Bronchial Lozenges,
box 84
Effervescing Citrate of Llthia,
35c bottle, special 184
Dr. Brewer's Dyspepsia Tab
lets -.19
Violet Ammonia, bottle 184
"Don't Worry W atch Us Grow"
Engraving Invitations for
Weddings andReceptions
Now before preparations for
the hosts of Easter festivities set
in with a rush is the safest time
to place your orders for engraving
invitations for weddings and re
ceptions. Our work is of the highest class
but, to look its best, engraving
should not be hurried. So we re
peat, in justice to yourselves and
us, let us begin on it now.
Special and sensible prices for
engraving all sorts of invitations,
announcements and visiting cards.
Stationery Store, Fourth Street.
Building Permits.
C. KNICKERBOCKER One-slory frame
dwelling. East Eighteenth street between
Mildred and Surman street: toOO.
HENRY OSTERHOLT One-story frame
dwelling, Ellsworth street between Best
Thlrty-nrat and Thirty-second streets; 1500.
GEORGE C. YALE Two-story frame
dwelling. Maiden street between East Elev
enth and Thirteenth streets; 17ft0.
H. G. DAVIS One-story frame dwelling,
Lexington street between East Seventh and
Eat Ninth streets; $1000.
MRS. A. C. JOHNSON Two-story frame
dwelling. East Washington street between
East Eighteenth and East Nineteenth
streets; 1!KH.
MRS. GERTRUDE GUNN One-story
frame dwelling. East Twenty-seventh be-
ilverlie
THE FASHION CENTER
Id s
We place on sale today
a manufacturers' sample
line -of ladies' fine silk
and gloria Umbrellas,
with fancy gold, silver and
pearl handles; umbrellas
that sell regularly for $5
to $7.50; to- fcO AQk
day only P-.17
. See Window Display.
Cravenette Spec!
We place on sale for Fri
day and Saturday a few
lines of ladies' high-grada
Cravenettes, which, rath
er than carry to another
season, we offer at tre-
mendous reductions:
$25.00 Cravenettes $15.75
$22.50 Cravenettes $13.85
$18.50 Cravenettes $10.85
$15.00 Cravenettes $ 9.65
Arrivah
llVff JilllYUltJ
IN LADIES' SPRING GAR
MENTS AND MILLINERY
Our beautiful showing of
Spring Styles is being added to
daily with the latest creations
from the leading European and
American Fashion centers. Your
inspection is invited, whether
.buying pr not.
19 5 Embroidered Net Waists
Reg. $4.50 Val. $3.48
195 Allover Em
broidered Net
Waists, made over
white silk, with
tucked back, new
tucked elbow sleeves
and yoke, medallion
ornaments. All new
styles just received
from New York.
Sold regularly at
$4.50 Fri
$3.48
day spc:
EXTRA SPECIAL FOR FRIDAY BARGAIN DAY
3000 Yards of Colored Taffetas
Special Purchase Sale 65c Yard
For Friday we offer an extraordinary special purchase of 6000
yards of Colored .Taffeta Silks, 19 inches wide, chiffon finish,
different from ordinary taffetas and specially adapted fori
shirtwaist suits and jumper suits, at the wonderful
low Friday price .' . . .
In all colors as follows:
White, Turqnofne, Roue, Scnrlet. Vnlvemelle,
Ivory. Delft Blue, Pink. Cardinal, Myrtle,
Cream, National Blue, Coral, Garnet, silver Gray
Corn. Savy, tVlen Rose, Mine, Tun.
Leather, Seal. Tense. Champagne,
Castor, Lavender, Black. Heard..
275 Real Seal and Walrus Bags
$2.50-$2.25 Value $1.39
275 real Seal and Walrus Shop
Dine Bags, fitted with coin
purses, novelty
Regular $2.50
$2.25 values, . . .
catches, etc.,
$1.39
$3.50-$4.00 BAGS $2.19
Real Seal and Walrus Shop
ping Bags, leather lined, fitted
with coin purse and card-case,
extra quality in every
$2.19
respect, for
$5.50 SUIT CASES $4.69
Pegmoid Suitcase, with straps, shirt
fold, heavy locks fljA fiO
and bolts; $5.50 value 4p"XV7
$8 SUITCASE S6.48
Cowhide Leather Suitcase, , with
shirtfold, straps all around;
heavy locks and bolts; regular
$8 value for $6.48
IN-0TJT CARDS 15c
In and Out Cards for offices, to
leave on door when absent, etc.;
of fine leather, 2oc valtie.l5
$2.25 CASES $1.69
Pegmoid Suitcases, with shirtfold
and straps; regular $2.25 value
for only $1.69
tween Alberta and Wygant streets
s: 500.
Iwelllng.
t t" oi.SRV One-storv frame dw
Park avenue between East Seventh and
East Ninth streets; 18uo.
V. L. LEISURE Two-story frame dwell
ing.' Gideon street between East Thirteenth
and Fourteenth streets; $1450.
JOHN BINGHAM Alter Perkins Hotel,
corner Fifth and Washington streets; $1000.
Marriage Licenses.
DAVIS-I.INVILI.E Howard Davis, Cle
one. Or.. 21; Ada Linville, 18.
COOPER-WHITE Thomas Henry Cooper,
751 Gllsan street, 24; Eva Gertrude White,
22.
LEACH-HANSEN George M. Leach, 1058
Williams avenue. 22; Esther M. Hansen, 22.
ALLEN-ROBBINS Stephen J. Allen, 169
East Seventh street, 29; Lury Robbing. 13.
Entire Corner Fourth
and
Morrison Streets
$7.50 UMBRELLAS FOR $2.49
Misses' Jackets $4.39
These ianntv littln Jackets mlnib
These jaunty little Jackets are just
the thing for Spring wear. They
come in mixtures, new stripe ef
fects, block checks and coverts;
loose box styles, hanging graceful
ly; some have plain tailored col
lars, others have velvet collars,
with cuffs trimmed to match; all
are this Spring's newest styles and
come in all sizes. Values to $7.50,
at the exceptionally OQ
low price of ptOJ
$6-$7 BAGS $3.98
Seal. Walrus and Suede
Real
Handbags, leather-lined, fitted;
fitted with coin purse and case;
$6 and $7 values, only.. $3.93
$2.25 BAGS ?1.48
Beaded Bags, chamois-lined, with
gilt frame, $2.25 value; special
sale $1.48
75c KID BELTS 39c
White Kid Belts, with girdle ef
fect; plain, soft crushed leather,
sale price 39
! m
I g
1 DRESS SHIRTS
jj Meet the highest expect-'
tions of the most critical
1 dressers. In the best
H shops; f 1.50 end more.
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