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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Sept. 21, 1907)
THE MORNING OREGONIAN, SATURDAY. SEPTEMBER 21, 1907. STATEMENTS OF OFFICERS CONFLICT President and Cashier Tell Dif ferent Stories as to Golden Eagle Overdrafts. MORRIS BLAMES MOORE Bays He Knew Firm's Circumstances and Agreed to Extend' Accommo dations Depositors Seem to Favor Ileorganization Plan. Stories told by President Moore and Cashier Morris, of the Oregon Trust & Savings Bank, as to the circumstances of the Golden Eagle's overdraft do not tally. Mr. Moore says it was Morris who extended credit to that institution. Mr. Morris says President Moore knew of the overdraft and agreed to give Gus A. Lowlt additional funds, with the hope of tiding him over. Cashier Morris says the obligation on the part of the Golden Eagle was charged to profit and loss account some time ago and does not properly appear as an asset. That a settlement could have been effected whereby the bank could have realized J50.000 on the account is alleged. That Gus Lowlt, however, would not agree to that disposition of the property and the deal was not consum mated. Is the statement of bank officials. Cashier Morris made the following statement to The Orpgonian yesterday: Cashier Morris' Statement. PORTLAND, Sept. 20. (To the Editor.) I have never 'had any interest whatever in any concerns to which the bank has made loans, and am not now Interested in the Golden Eaglo or any other of the bank's debtors mentioned in the press, nor have I ever been interested in them. The nrat indebtedness of the Golden Eagle to tlie bank was secured by the note of Mr. Wright for $H0OO, and which is perfectly rood, and which the hank still holds. After wards Mr. "Wright authorised overdrafts by the Golden Eagle to the extent of $10,000 additional. To this extent the bank is se cured. Afterwards, during my absence In Los Angeles, the overdraft was increased to the extent of $21,000. Mr. Moore wrote me i to know if I had authorized the overdraft, and I Immediately wired him that I had not, and for htm to have It cut down. On my return I found that he had not been able to reduce it to any extent, and the concern became so Involved that it was a question of Judgment whether the bank should assist the Institution further or allow It tn fall. In this way the Indebtedness was increased from time to tlm.. It was doing a good business and seemed in a fair way to get on Its feet, and we took our chances on allowing It to continue In business with the hope that It woujd in time pay out. Believes in AVilde's Plan. I have been misunderstood in my inter view with the evening papers concerning the offer of Mr. Wilde to purchase the claims Df the Golden Eagle. The plan of Mr. Wilde was to purchase this claim with certificates of deposits against the bank aggregating $50,000, and pay off through the store the claims of All depositors under $25 each. This, with the pressing lndeptedness against the concern, required about $40,000 tn casn. The evening papers are .mistaken In saying that Mr. Devlin would not consent to this arrangement, for he not only consented to it. but after having investigated the affairs of the Golden Esgle did what he could to carry out the plan. Mr. Lowlt was conn dent to the laBt that he could handle the situation and would not consent to Mr. Wilde's taking charge of the store under this arrangement. It is to be regretted that this plan could not be effected, as it woula have reduced the Indebtedness of the bank some $50,000, and would have paid off every depositor holding a claim less than $25. Every effort was made for about a week to effect some settlement along these lines, whereby the Institution might be saved and .the community spared another failure. I am pleased tn find the developments pro gressing so rapidly in the matter of the re organization. If the depositors -will send m their addrssses and give their support there is no reason why everyone should not be paid dollar for dollar. The depositors' committee is working ac tively upon the plan of reorganisation, and I hope that the depositors will do all they can to assist them. W. C. MORRIS. Regarding Officers' Overdrafts. President Moore la annoyed at criti cisms appearing in some of the Port land papers in regard to the fact that Receiver Devlin's report shows the president owed the bank on notes and overdrafts. "The Moore Investment Company," said he, "has $14,000 credit with the bank, which more than covers the obligations of the Moore family." Cashier Morris has an overdraft of $1630, but ho says he has two other ac counts in the bank amounting to $1300. On his note of $3750, which appears in Receiver Devlin's report, security Is (riven by two lots In this city valued at $3J0O, title to which is held by the bank. District Attorney Manning will delay any action toward prosecuting offi cials of tho bank until after the de positors" meeting tonight at the Armory. He believes he la acting in the interest of creditors of the institu tion by not attempting to prosecute at this stage of the proposed reorganiza tion, lest he frighten away support that might be forthcoming to aid in reopening the bank. What he will do later he is not prepared as yet to state. He will address the depositors at to night's meeting at the Armory, -where. It is believed, he will favor the plan of reorganization. Depositors Favor Reopening. Other speakers at tonight's gather ing will be E. W. Haines, president of the Oregon State Bankers' Association; Congressman W. R. Ellis, John F. Car roll and Jefferson Myers. The proposed reopening of the bank will be thor oughly explained and an expression will be sought from the gathering 'as to the extent of the support that may be expected from depositors. It Is be lieved the addresses made will be strongly In support of the reorgani zation scheme, and it Is expected the depositors at the meeting will give their indorsement. President J. L. Day will preside and will Introduce the speakers. Secretary A. Richmond, of the Depositors' Asso ciation, is securing liberal subscrip tions to telephone bonds and stock In the reorganized bank. Although the campaign has hardly commenced, de positors have come to him voluntarily and subscribed for bonds and bank stock to the amount of $300,000. Sub scriptions to the amount of $1,036,000, It is estimated, are needed to put the bank on a sound basis. Secretary Richmond is sanguine that this amount can be secured. The Depositors' Association sent out a printed circular yesterday explaining the plan of reorganization. The methods proposed are explained at ' length so they will be plain to all. The circular bore the following indorse ments from various men: What Various Ones Say. Jefferson Myers says: "The reorgani zation of the bank will -save the depos itors and this community $1,000,000, and establish a precedent for payment of 100 cents on the dollar hereafter by all banks in Oregon." Receiver T. C. Devlin says: "My en tire interest Is with the depositors. I consider the rehabilitation plan feasible and the only visible method whereby the depositors can procure as nearly as pos sible dollar for dollar. It will be a great pleasure to me when I relinquish spy po sition and the new bank will open its doors, as the best interest of the de positors will then be assured." State Senator E. W. Haines says: "I regard the reorganization plan very fa vorably along these lines. But of course both sides have got to help. The depos itors have got to take telephone bonds and stock in the new institution. On the other hand, Mr. Moore and his associates must bring in at least $300,000 new capi tal. That, with the property Mr. Moore has already put in, makes It feasible, I consider, to reopen the bank. The depositors have got everything to gain and nothing to lose. There is no reason In the world why stockholders In the reorganized bank should not get dol lar for dollar, provided the plan as out lined above is followed." President W. H. Moore says: "We will have no trouble In getting the $300,000 to put into the Institution. In fact we ex pect to make it not less than $400,000." It Is for the depositors to do their part to reopen the doors of the bank. INQUIRES ABOUT OVERDRAFTS "Depositor" Wants to Know Why One Alone Is Criticised. PORTLAND, Sept. 20. (To the Edi tor.) In your paper this morning you devote, some space to an editorial in regard to the overdraft of the Golden Eagle store on the Oregon Trust & Savings Bank of some $100,000. Why is this particular overdraft singled out for criticism, where there are some tangible assets, when a notoriously bankrupt concern like the Order of Washington, with an overdraft or un paid note of $32,000, is passed up with out comment? What is the purpose of the insurance department of this and neighboring states? . What is the good of laws gov erning perjury when such concerns can, with impunity, make false sworn reports to Insurance departments that they have no outstanding liabilities when in fact they owe such sums as this? Is it not the purpose of papers of the influence of yours to protect the widows and orphans against such, by at least passing comment on their condition? Let the people have the facts in re gard to this item in Receiver Devlin's report. They can be had at any place where the least inquiry is made. Yours for the truth, DEPOSITOR. Teach Girls Duties of The Home Claae In Y. "V. C. A. Instruction Aliont to Begin Season's Work With Large Enrollment. BT LILIAN TINGLE. DURING a recent Eastern trip, Miss Mary B. Day, secretary of the Port land Young Women's Christian Associa tion, has made a special study of educa tional work and methods In connection with the associations of some 20 different cities. Everywhere the educational department is Increasingly recognized as being one of the most Important features of associa tion work, since It affords the most practical means of helping a girl to help herself. In offering instruction in various branches, the association does not enter Into competition with any existing educa tional institutions, but alms to supply opportunities of self-Improvement for those girls who for any reason are unable to attend other schools, or who desire training that cannot be obtained else where. The importance of the education of girls for home duties and occupations is now thoroughly recognized In all large cities; and In the Winter study courses offered by the Portland association spe cial attention has been devoted to the department of domestic arts. Muss Bernice Daring, a graduate of the Mechanics In stitute of Rochester, N. Y., and an ex perienced teacher, will have charge of this work. A room on the upper floor has been newly fitted up for the purpose. There will be both day and evening classes In plain sewing, shirtwaists, dressmaking, millinery, and embroidery. On Saturdays there will be a 'junior class for girls be tween 7 and 15 years of age. The Junior class last year was exceedingly success ful. As it Is particularly desired that all the courses offered 'should be very thorough and practical, no attempt will be made at present to give domestic science or regular business training; these depart ments must wait for the new building. A course in business English, including drill in spelling, punctuation and pen manship, will, however, be given, and another in business arithmetic. Miss N. C. McAdam will be the teacher of these subjects. Frau Becker will have charge of the" German class, as during the past two years. French and Spanish classes will be formed if there is a sufficient de mand for them. Miss Adeline Dewitt, of the West Side High School, takes the class In English literature. The mandolin and guitar club will be under Professor Rebagliatl, from whom, also, private lessons may be had. Miss Roma Mc Knight will organize not only a free hand drawing class, but also one in design, applied particularly to leather work, though having a general bearing on household decoration and dress. The voice culture class, helpful and popular last year, will be again under Mrs. Emma Gillespie. On Sunday afternoons there will be a 20 Founds Granulated Sugar $1.00 With Every 5.0O Order. 18 lbs. Granulated Sugar $1 SPECIALS Humpty-Dumpty, pkg 5J 6 cans Sardines 25 3 pkgs. Royal Macaroni. 254 2 cans Durkee's Spices 15j 3 CANS CARJVATIOX r Cr CREAM 2 CANS TIGER CREAM 15 . SPICES Buyers of good spices, with special reference to pickling, will obtain the lowest prices here. All kinds of whole and ground spices (ex cepting Mace and Nutmeg), per lb 25 2 cans any kind of Spice 15j 1-lb. cans 25 Vanilla Extract. lO Lemon Extract. ...lO COFFEE Postum . . . . . 2 Gold Medal M. and J 35 MONARCH COFFES ...25 Town Talk, lb .....20 Army and Navy Blend 15 PORK Pork Roasts. . ....;12V. Pork Chops. . 12H Pork Sausage 8C FACT! PEOPLES' MARKET AND GROCERY COMPANY The Store of Good Things The BY LILIAN TINGLE. THERE is very little that Is new to be seen in the markets this week; and somehow things do not look quite as interesting as . usual. For the latter impression I' was blaming my own state of mind and the recent grey weather until I met a number of other housekeepers who expressed similar sen timents. Then I concluded that it was one of those periodically recurring "sea sons of sag" of which, when I was a child, I used to hear a wise old lady speak. She held that these are times which come regularly to every household, and presumably to markets also, and that it Is the part of the "complete house wife" to hold In reserve certain specially liked dishes, seasonings, relishes, and al luring but -rarely used eornbinations of material for production at the psycholog ical moment. I did not then understand what she meant, but I do now. The only trouble is that her theory Is easier In print than In practice, for any one who has not a "complete" and perfect cook. The list of available vegetables is the same as last week potatoes, carrots, tur nips, onions, leeks, beets, cabbage, cauli flower, corn, celery, celeriac, green and lima beans, peas, spinach, egg plant, squash, pumpkin, cucumbers both trreen and ripe, okra, artichokes, Brussels sprouts, green peppers, lettuce, radishes, tomatoes what could one wish for more, and the prices are about the same, too. I noticed some particularly fine pep pers, the best I have seen this year, at IS cents per pound. Chicken and green peppers, chafing dish style, would exactly suit my present simple needs; but poultry prices are rather high. You remember Mrs. John Gilpin, "Though on pleasure she was bent, she had a frugal mind." Any similar minded housekeeper may substitute cooked veal, cut In strips, for the strips of chicken and make a dainty dish by no means to be despised, even if it is not quite equal to .the original. Ex tra special care In seasoning is required. There are fine strawberries, at 30 and 35 cents a box, that make one half in clined to believe that "Summer is i-comtn" in," Instead of going out, as the other fruits and the shortening days warn us. Some fine green figs recall the say ing of a well-known gourmet that can taloupe, grape fruit or green figs are the only fruits that should be allowed to pre cede soup. Those I saw were 40 cents a dozen. Concord grapes were -offered at 30 cents a basket; other kinds cost from 10 to 16 cents a pound. Good apples were about $1.50 a box . Have you ever tried apples baked with a fig in place of the core? They go well with cereals and cream, and the new dried figs, both black and white, look very inviting. There were good huckleberries at 16 cents a pound. If you are tempted to make the old-fashioned huckleberry pud- drop-ln Bible class conducted by Miss C. A. Holbrook. During the week, Miss C. McCorkle will give a course on "Old Testament Characters" and Miss Helena Saxton, one on the "Life of Christ." Mrs. James 'McKenzIe will also continue her Wednesday moming . talks on the "Life of Christ." Miss Helen Hutchin son has a study class on the Psalms; and Miss M. B. Day promises an interesting Bible course under the title "Five Literary Masterpieces." The classes open September 30, so the coming week is registration week and a heavy enrolment is expected. IS GIVEN MORE CLERKS Postmaster Minto's Needs ATI 1 1 Be Considered by Government. More postal-clerks and letter-carriers are to be appointed as soon as possible for the. Portland Postofflce. The pay for the first year is $900, with an increase of $100 a year for live years, and even- more under some circumstance. Yesterday the following notice of examination for more help was issued by the Federal author ties: "The United States Civil Service Com mission announces that the annual clerk carrier examinations for the Postofflce service in this city will be held on Novem ber 16, 1907. The Commission has ex perienced considerable difficulty in secur ing sufficient male ellglbles to meet the requirements of the service, and it is hoped ' that a large number will be secured from these examinations. The nem promotion act effective July 1, 1907, insures prompt promotion to ef ficient employes. Apply to Z. A. Leigh at the Postofflce for application blanks." Denies Peach-Wrapper Story. SEATTLE, Wash., Sept. 20. There is trouble in store for the person who wrote the name of- Miss Mildred Kaufmann and the statement that she was In search of a husband on a peach wrapper. Miss Kaufmann's father is highly indignant and offers a reward of $50 to the person who will give him any information that may lead to the identity of the perpetra tor. Thebox of peaches. In which the message was sent, was received In Bel llngham, and from that place a sensa tional story was sent out which gained wide publicity. Miss Kaufmann declares that the writing on the peach wrapper is a forgery. Her father sayB she never even packed peaches. Fall styles Hanan Shoes at Rosenthal's, Seventh and Washington. You can save 20 Per Cent on Today's Order by Buying from This List - Can o! any kind of Spices with every lb. of our Monarch Brand Coffee . 25c Fancy Dressed Chickens, a choice lot VEAL. Veal Stew . 7 Veal Chops lo Shoulder Roasts. . ............ IOC Veal Breasts 8 Loin Veal. ...12 Veal Sausage 12 H SAUSAGE Bologna. 7 Blood Sausage 7 Wienerwurst lO MUTTON Mutton Stew. . 5 Mutton Shoulder. 8 Mutton Chops lO Mutton Legs 12 V4 Bologna, 3 lbs 25 Hams, whole 16 Liver Sausage 7 BEEF Beef Stew. .2 to 4 Boiling Beef. 3 to 5 Pot Roasts 5, 6. 7 Hamburg Steak 6 Corned Beef 5 Shoulder Steak. . 6 Sirloin Sreak IP 6 Pounds Lard 55 10 Pounds Lard 81.10 FIRST AND TAYLOR STREETS Only Large Strictly Cash Grocery in the ding or muffins or pancakes, which r e so delicious, for a change, remember, in the picking over process, the words of a recent writer on cooking and natural his tory: "Nothing pleases a fly so much as to die and be mistaken for a huckle berry." Pears are $1.65 a box; peaches, about 50 cents a basket; prunes, 90 cents a crate; quinces, 5c a pound; pineapples, 60 cents each. Poultry Is rather scarce and In great demand. Hens cost 15 to 20 cents a pound and large Spring chickens 18 to 20 cents. Broilers and fryers cost from 35 to 50 cents each; squab-chickens, $3.50 a dozen; young ducks, 20 cents a pound, and older ones 17 to 18 cents. Geese also are 17 to 18 cents a pound. Spring turkeys of four to seven pounds : each, cost about 30 cents a pound. Squabs are 75 cents a pair. There is good sturgeon at 15 cents. Sal mon is a little lower in price; silverside salmon Is about 12V4 cents and Chinook about 15 cents. Crabs are quite plentiful and range from 10 to 25 cents each, ac cording to size. Now is a good time for that combination of crab and clam known as "crab a la Richmond." Halibut and sliver smelt are both 10 cents a pound grayling, 12',4 cents and Columbia River catfish, 15 .cents. - Sole, black cod and striped bass are also to be had. Frog legs this week cost 35 cents a dozen. If you want something savory for breakfast or lunch you might try smoked "salmon tips" at 25 cents a pound. Sweetbreads are a little lower than they have been at 50 cents. Some rolled veal chops looked particularly appetiz ing, and so did a fine saddle of mutton. This last would be delicious with some of the new "green mint grapes" as an ac companiment. jDRESSER'Sj : TODAY at : : DRESSER'S : One could hardly imagine a Z more captivating1 exposition J oi gooa iooa articles tnan our Z store presents today in its Z Z entirety it might be called Z one colossal Sunday dinner of Z the choicest goodies fertile I J Oregon produces. " Poultry, J fish and meats in almost end- less variety, cured and cooked Z Z meats in . every form indorsed Z Z hy good housekeepers, special- Z ly prepared salads and other Z niceties for which our market 2 Z is accepted headquarters, and J a bakery counter loaded to capacity with the best baked Z goods that thorough knowl- J edge of the baking art can J turn out. And besides these J bounteous preparations here's : a special list, which alone J would make it well worth Z your while to come. Z Z DRESSER'S Superior )CrZ Veal Sausage, 2 lbs wJt X DRESSER'S Pot Roasts, o J ; per lb., 6$ to Ot Z DRESSER'S S h o u lder o J ; of Lamb, per lb Olj Z DRESSER'S Assorted . I Z Fancy Macaroons, reg- ja. ular 50c, lb iut Z DRESSER'S Assorted Pound Cake, regular 2flr I 40c, per lb Jut Z DRESSER'S Turkish Nougat, " regular 40c, 3fto X per lb Jut t DRESSER'S Turkish Itjn Z Z Caramels, special, lb.... "J Z German-American Coffee is J being demonstrated today. Call and try a cup. Idresser's! Z Everything for the table. Z Z Fifth and Stark. Z Branches at Seaside, Gearhart, J Z E. Fifteenth and Broadway. J SPECIAL SATURDAY OXLT Fancy Creamery BUTTER 65c ROLL OLEOMARGARINE 45 SOAPS 10 bars Royal Soap 25 Elk Soap, 12 bars 25 Monarch Soap, 8 bars ...25 Baby Elephant Soap, 6 bars.... 25 2 pkgs. Gold Dust 35 TEA 1 lb. Gunpowder Tea 25 1 lb. XT. C. Japan .25 1 lb. E. B. Tea CANNED GOODS 8 cans Salmon 25 Beans and Corn. 3 cans 25 2 cans Plums or Grapes 25 7 lbs. Navy Beans 25 6 lbs. Rice 25 3 cans S. A. Soups 25 EGGS Ranch Eggs ....30. FLOUR Every bag of ours is milled from old wheat. That means something for your consideration. Dalles Diamond. .....81.35 White Satin $1.25 Liberty Bell. . ..i .$1.15 Phones Main 1412 Home A 1412 West. eantit Boston Market First and Burnside Sts. Eat Healftlhy Meat If you buy nothing but Government-Inspected meat you are sure that it is good and wholesome. There is no danger of getting, tubercular or otherwise in fected meat when it has been Government-inspected. The Boston Markets sell under Government inspection only. Mutton Stew, lb. ,., Corned Beef Shoulder Roasts, Mutton Lamb ............. Stew Beef ..... Boiling Beef Hamburger Steak, 2 lbs. Round Steak Leg of Lamb v9 M You NEED a refrigerating plant. Be cause it WILL save you money. Be cause you can get results incomparably better than with ice. Because it is clean and sanitary. Because it is a big ad vertisement. Call us up phone Main 852, and we'll be glad to have our expert call on ' you. The W. G. McPherson.Co, 328 Glisan Street ' OUR AIM To sell better foodstuffs for the time prices quoted by others. For years the name of D. C. BURNS has stood for quality groceries and we will always use our best endeavor toward keeping up that standard. We Announce the Following Arrivals: . NEW DILI, PICKLES NEW CALIFORNIA FIGS HOME MADE SAIER KRAUT NORWAY MACKEREL. ROYAL CHINOOK SALMON BELLIES. WE HAVE THE BEST LINE OF CANNED GOODS, SAUCES, COFFEES, SPICES AND FLaVORINO EXTRACTS ON MARKET. CPrrf A I WHILE THY LAST GILCHRIST Zn Jl JUvliiL QUART FRUIT JARS PER DOZEN 00 1 D. G. BURNS CO. WHOLSALB AND RETAIL GROCERS, 210 THIRD ST., BLOCKS SOUTH OF MORRISON. PHONE TOUR ORDER. MAIN 616 If You Like Peanut Flavor You'Jl Like Brick Ice Cream As made by Hazelwood. It embodies the quin tessence of r o a s t y toothsomeness ; in creamy frozen form. One of Hazelwood 'a most interest ing specials. Regular price $1 per quartC brick; tomorrow we deliver for J PINEAPPLE . ICE CREAM BRICK "WITH Lemqn Water Ice In the center. This popular special wiHfl, be delivered tomorrow for vJJL Two deliveries on Sunday: 10 A. M. and 2 P. M. We pack to keep perfectly for hours. By the way did you know ' Hazelwood is only 40c Per Pound Boston Third ........... 4 5 or Spring ....... 6 ..: 4 . .3 to 5 for 15 . .. 10 12i otcoer arfait Butter Packing Co. and Ankeny Sts. SPECIAL All DayAll Pot Roasts of Beef 5c per Pound Corned Beef 3c per Pound Best Creamery Butter 65c and 70c Good Creamery Butter 60 Dairy Butter 45 and 50y Fresh Eanch Eggs, doz, 25c & 30 Best Sugar-Cured Ham. ....... 17 Breakfast Bacon, lb -18 Full Cream Cheese, 2 lbs 35 Wisconsin Swiss Cheese .30 Cream Brick 20 and 25 Limbnrger Cheese, each 35 Oleomargarine 45i All goods retailed at wholesale prices. Saturday Is Our Chicken Day La Grande Creamery 264 YAMHILL STREET. GEE WO The Well-Known Reliable CHINESE Root and Herb DOCTOR Has made a llf itudy of roots ana berbi. ana In that study dUcovsrea and l giving- to world nls wonderful No Mercury, Foleon or Drags .'P-; 55 cireT Wiuiout Operation, or Without tb. Aid of the Knife. He guarantees to ouro Calarrh. Asthma. Lung. Throat Rheuma tlsm. Nsrvousness, Nervous Debility. Btom ach. Liver. Kidney Troubles: also Lost Man hood. Female Weakness and All Frlvata Diseases. grjRE CANCER CURE Just Received from Peking, China Safe. 6ure and Reliable. IB YOU ARE AF FLICTED. DON'T DELAT. DELAYS ARB DANGEROUS. If you cannot call, write for symptom blank and circular. Inclose cents m stamps. CONSULTATION FREE. The C. Oeo Wo Cblneso Medicine Co.. 1624 First St., Cor. Morrison. Portland, Oregon. Fleas Mention This Paper. Radway's Pills cure tndlirestlon. bilious, ness, piles and all stomach troubles.