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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Oct. 28, 1907)
8. THE MOKXOU UltJiUUlAa, MUiXUAI, OCTOBER 28, 1007. EASTERN STATES IT B! PANIC Tightness in Money . Market Felt Most in Manufac turing Centers. 8ENJ. I. COHEN RETURNS Portland Banker Tells of Investiga tions Made on Trip, to Atlantic Coast Western Financial In stitutions in No Danger. ' That Portland banks are in relative ly better shape than similar institu tions in the East is the information brought home by Benjamin I. Cohen, who returned Saturday from an ex tended business trip through the East, where he carefully Investigated the financial situation and conferred with numerous conservative financiers. Mr. Cohen does not expect the storm in "Wall street to spread to the West, but ays that if by any chance a touch of It should reach Portland, It would find banks in Portland better fortified than those in the big financial centers of the East. "The tightness of the money mar ket," said he, "which is practically world-wide, is felt with peculiar force in New York, Pennsylvania and the other great manufacturing states of that section. Forces are being cut down, and preparations are being made to restrict production on all sides; the Idea being that only in this way can an equilibrium be established between the volume of business and the, limited supply of capital that is available to carry it on. 1 Railroads Are Retrenching. "The radical attacks upon the rail roads, and the extremist views promul gated by the authorities, have so far crippled the credit of the roads that retrenchment In expenditures and the discharge of large numbers of men eeem to have become melancholy but absolute necessities. Reckless finan ciering by selfish and dishonest men has intensified the trouble until drastic remedies have become necessary. The Helnze fiasco, like the lancing of a boll, was painful, but the patient was better when the operation was completed. "In the meantime, while there has been an enormous shrinkage in the nominal value of securities, there have been, with the exception of the Knick erbocker Trust Company, no failures of great moment, and well-manajared banks and truet companies throughout the entire East are conducting their regular business with a due regard to the Interests of their customers. Different In Chicago. "In Chicago, a very different atmos phere prevailed. There was an air of calm confidence among bank and trust officials, with an entire absence of pes slsm, or lac of confidence In the local situation. Chicago financial Institu tions were supplied with sufficient funds, and while money was tight and rates of Interest higher than usual, it was stated that no customer of any Chicago bank, who was worthy of credit, had been denied reasonable ac commodation." Mr. Cohen expressed his great satis faction at being home again. In con trast with the gloomy and pessimistic East, conditions in Oregon, he contin ued, reflect the prosperity which kind ly Nature has poured out with a lavish hand. , "The largest .crop In our history is now being marketed at prlcB which have not been so high for many years," he said, "and this is bringing in a flood of gold at a time when money can be employed V'ln a thousand and one profitable industries. "Labor here is in demand, and no skilled mechanic need be out of em ployment for a day. The financial In HUH W I "Ml-S riASTMS voiot rtC. & oWsssssss-ss-s asaaaaasassaaassa "The House Wholesale and Retail THE LARGEST VICTOR DEALERS IN THE WORLD. BJCourL Sixth & Morrison pToffi stitutions of Portland are relatively much better off than similar concerns in the East. If our people will care fully study our several banks and trust companies, they will have no difficulty in finding safe depositories for their funds. Banks Deserve Confidence. "When a State or National bank has proved, by long years' of fair and equitable dealing with the public, that it Is worthy of trust and confidence, then it should be backed up by the patronage of our ipeople. It is far better for our community to have a few tried and true banks, carefully and conservatively managed, than a host of mushroom concerns -that, like Jonah's gourd, 'grow up in a night and perish in a night.' " "All that is needed to restore confi dence in the East,, and to continue the happy state of prosperity which we now enjoy in Oregon, is a return to the old-fasiiloned virtues of honesty and frugaflty. "The outlook in this section is'excel lent, and with our sturdy and self reliant population, there is no reason why we should not enjoy prosperity for many years to come." E IS A E CORPORATIONS ARE HARD HIT IJT CLACKAMAS COUNTY Assessed Valuations of Seven Com binatlons In County Have Been Raised Over $2,750,000. OREGON CITY, Or., Oct. 27. (Special.) County Assessor Nelson has added 2,760,525 to the assessment of the seven large corporations doing business in Clackamas County during the past five years.' The Oregon Water Power & Railway Company alone is assessed at a higher valuation than all of the other corporations were in 1902. The figures given out by the Assessor are surprising and show that the South ern Pacific Company, the Weyerhaeuser Company, the Portland General Electric Company, the Willamette Pulp & Paper Company, the Crown-Columbia Pulp & Paper Company, the Oregon Water Power & Railway Company, and the Oregon & California Railroad Company were as sessed five years ago at $673,222, and this year their valuation is given as $3,437,745, not including the lands of the Portland General Electric Company, which are as sessed at $66,030, or the lands of the Oregon Water Power & Railway Com pany, assessed at $63,315, making a total of $67,420 for the latter corporation, and $6S3,3S0 for the Portland General. Five years ago the assessed valuation of the property of Clackamas County was $4,526,000, and ' the following year everything was doubled, but since that time there has been no increase in farm values, save where there has been an Increase In the amount ot cultivated land. Timbered lands of the Weyerhaeuser Company and the Southern Pacific Com pany hare been raised from 1.25 per acre- to $12 since 1902. The comparative values of the corporations follow: 1002. 1007. Southern Pacific Tjonfls. -tlBl,3S5 $ 056.250 Weyerhaeuser Company. 23,750 230,530 Portland General Elec tric Company 352,240 617,850 Willamette Pulp A Pa per Company 63,000 860,050 Crown - Columbia - Pulp & Paper Company . 29,000 130.000 Oregon Water Power & Railway Company 18,800 614.103 Orenon & California Rail Road Company 104,007 524.420 Totals ' $672.222 $3,437,743 . A NEW DEPARTURE. The cost of interments has been greatly reduced by the Holman Undertaking Company. Heretofore it has been the custom of funerai directors to make charges for all incidentals connected with a funeral. The Edward Holman Undertaking Company, the leading funeral directors of Portland, have departed from that custom. When casket is furnished by us we make no extra charges for embalming, hearse to cemetery, outside box or any services that may be required of us, except clothing, cemetery and carriages, thus effecting a saving of $25 to $75 on each funeral. THE EDWARD HOLMAN UNDERTAK ING CO.. 220 Third St., cor. Salmon. CARD OF THANKS. We wish to express our heartfelt thanks to our many kind friends for their tender sympathy and kindness, and for the many beautiful floral pieces in this hour of our great bereavement in the death of our loving husband and father. MRS. BRIDGET FRAINEY AND FAMILY. LAUGH! DANCE! SING! PLAY! It Makes No Difference ' VICTOR RECORDS Give the Best Results ' Comic songs, duets, quartets, band and dance orchestra music; finest of artists singing songs that would cost you thousands of dollars to get into your home in any other way. Artists such as Melba, Calve, Schumann-Heink, Sembrich. Gadski, Homer, Eames and many others. (, Phonographic requisites HORN, CABINETS, all the NEW and OLD RECORDS, you will find in our large Parlors. VICTOR MACHINES always .in stock. Prices ranging from $10.00 to $500.00. Sold on the easy-payment plan. Vis itors always welcome. - WOOD ARD, CLARKE 6 CO. Corner Fourth and Washington Streets it mcaw ERICA IN LEAD Captain L. D. Mahone Makes Address at Y. M. C. A. MAY BE WORLD DICTATOR Former Army Officer Says -China 19 Nation United States Must Con sider Because of Large and Ignorant Population. "The Supremacy of America" was the subject chosen by Captain L. D. Mahone, Ph. D., for the address at the Y. M. C. A. Sunday Club yesterday afternoon. Captain Mahone served in Cuba and Puerto Rico for 11 months during the active campaign of the Spanish-American war, and was one of the military at taches to the delegation sent to the is lands to investigate the school question. He then made a trip through South and Central America in the service of the Government to study trade relations be tween those countries and the United States. He is now acting as attorney for the O. R. & N. Company. In opening his address Captain Mahone gave a brief history of nations, saying that the last century has been the most important in the world's history. He named as great events of the last 10 years the Spanish-American war, the Czar's peace proclamation, the Dreyfus case, the regeneration of China, the en trance into the valley of the Soudan, the Russo-Japanese war and the spread of Christianity. He said in part: As we look back at the past history of the world we find that some one nation always played a leading part, and today we find that we have been selected by provi dence to take the lead in this and comlni? centuries. We have nothing to fear from' the nations of the world, but we have a great deal to fear from the discord which may arise within our midst. If this nation is ever destroyed it will be because of in ternal and not external feuds. The history of the world has shown that so long as we develop manhood and womanhood we are safe. The conflict for the supremacy of the world is centered in two great languages and In three great nations. The languages are the Anglo-Saxon and the Slavic and the nations Russia, Great Britain' and the United States. The conflict for supremacy may come about over the Eastern question. The three strategic points ol the Far East were a few months ago held by these three powers Russia holding Port Arthur, Brit ain Hongkong and the United States Ma nila. During the last few years the great est fleet of battleships the world ever saw has been gathered together, and it may be the future battle over supreme world rights will be' fought out in the Pacific Ocean near these three stragetic points. China is the great nation whom we must fear in the future, so far as our civiliza tion is concerned. That great country con tains half the population of the world, so that If thrown out Into other nations its people would materially lower moral stan dards. Every loyal American should sup port the policy of this Government to stand cut against any partition of China. It la since the Spanish-American war that we have become a world power, and the nations of the world are now looking to us to solve their problems as well as onr own. H. W. Stone, general secretary of the local Y: M. C. A., who has just returned from a trip to the East, remarked to the audience after the address that he thought' the average attendant at the afternoon meetings had a conception of his country already large enough, and took occasion to say he differed with the views of the . speaker, and thoug"ht the United States would have enough to do in governing herself without taking the responsibility of ruling other nations. He said he went to one of the highest priced andyswellest" theaters in New York while he was there, but didn't stay half way through because It was all "slush and sensuality." "If each individual In this country," he said, "will govern himself he will have about enough to do without worrying about China or Russia." CARD OF TIIANltS. We desire to express our sincere and heartfelt thanks to friends for their sympathy and the many beautiful floral offerings In our late bereavement. MRS. JAMES D. RAINEY AND CHILDREN. Opposite ce r All vocal Arthur Pryor's Band Telescope March (No. 5317) Seltzer Accordion Solo by John J. Kimmel j Medley of Irish Jigs (No. 5238) Whistling Solo by Ed. Abies Lore Me and the World is Mine (No. 5367 , Ball Soprano Solo by Miss Ada Jones Mammy's yule Curly Head (No. 5366) Jones . Tenor Solo by Harry Tally A Friend of Mine Told a Friend of Mine (No. ji6o) Palsy Police Band of Mexico . Vellno M. Press, Dlractor ( Eidalgpense Two-Step 10-lnch (No. 5368) Msitines Twenty-third ot July Marco o-inch (No. 5369) Press. Pagliscci Fantasia i-indi (No. 31674) Leoncavallo Felix Diss March M-lnch (No. 31675) Press Semir amide Overture u-inch (No. 31676) Koeslsi . Arthur Pryor's Band Slavery Days March 10-inch (No. 5971)' Zeta My Maryland-Fantasia ("Tannenbaum") x 9-inch (No. 31670) After Sunset Melody ra-inch (No. 31671) Pryor Bchoes from Metropolitan Opera Bouse 13-inch (No. 31673) Tobant German Cavalry Band Parade Post (with Kaiser Friedrich March) to-inch (No. 5355) Harmonic Retreat 10-incb (No. 5356) Victor Dance Orchestra La Blanche Waltzes 13-inch (No. 31677) Sheridan Victor Drum, Fife and Bugle Corps War Songs March 10-lnch (No. 5334 Rogers . Xylophone Solo by Chris Chapman Dell' Oro Mazurka ic-inch (No. 3373) Dell" Ore Accordion Solo by John J. Kimmel Medley of Straight Jigs wncl (No. 5354) Comic Song by Clarice Vance I'm Wise 10-lnch (No 5353) Williams . Comic Songs by Vesta Victoria I "re Told His Missus AD About Him loJnch (No. 3349) Tata It Ain't All Honey and It Ain't AH Jam so-lnch (No. 5351) Bverard Three Songs by Harry Lauder The Great Scotch Comedian I've Something In the Bottle for the Morning 10-inch . (No. 53001) I tore S Lassie (My Scotch Bluebell) 10-mch (No. 5003) Stop Your Tickling, Jock I 10-inch (No. 53003) ' Alice Nielson, x-lnch tiza with orchestra 1.50 In Italian, Don Pasquale Quel guardo (Glances So Soft) (No. 74087) , Donizetti Charles Dalmores, Tenor - 13-inch lire, with orchestra J 3 In Italian. Trovatore Ah si ben mio (The Vows We Fondly Plighted) (No. 85.13) Verdi Florencio Constantino, Tenor xs-inch size, with orchestra $ 1.30 each In Italian, Traviata Dei miei bollente spiriti (Wild My- Dream of Youth) (No. 74083) Verdi Mefistofele Epilqgo "Guinto sol passo" (No. 74084) (Nearing the End of Lite) Arrigo Boito L'Africiine (O ParaoUso) (Oh Paradise) (No. 7408;) Any Victor dealer New Victor Records on sale throughout America on the 28th of every month ' rmrw w w VICT mm For November, on sale throughout "TftVJ " tyTfTjTTUWIf Mill?"" TF'Wi IBM MIW WTVifft" nrsfrVi rrYit dnrvv rTii it r M r-t. A'AiAJfjk selections have accompaniments by the 8-inch 35 cents Duet by Yankee Doodle (No. 5365) Kale Quartet by the Haydn Quartet In the Wild-wood Where the Blue Bells Grew (No. 3168) Taylor Specialty by Collins & Harlan Closing Time in a Country Grocery (No. 1738) Talking Record by Len Spencer; with violin Ark&naw Traveler (No. not) and 12-inch $1 Duet by Collins and Harlan In Monkey Land 10-inch (No. 5370) Morse Tenor Solo by James McCool The Girl I Left Behind Me 10-inch (No. 5059) Lover Tenor Solo by Billy Murray Golden Sod 10-inch (No. 3247) . McKlnley Tenor Solo by Byron G. Harlan Captain Baby Bunting 10-lnch (No. 5346) Hell Yodel Song by George P. Watson Medley of Todel Songs 10-lnch (No. 5363) Soprano Solo by Miss Helene Noldi The Last Rose of Summer 10-inch (No. 5364) Contralto Solo by Miss Corinne Morgan Homeward 10 inch (No. 5363) Lane Tenor Solo by Harry Macdonough Messiah Every Valley Shall he Exalted la-inch (No. 31673) Handel Descriptive Specialty by Miss Jones and Mr. Spencer Meet Me Down at the Comer 10-inch (No. 535a) Yankee Talk by Cal Stewart Uncle Josh Joins the Grangers 10-inch (No. 3348) - Tenor Solos by Harry Tally Bye Bye, Dearie 10-inch (No. 5358) Von Tilzer Sacramento 10-inch ( No. 5360) Von Tilzer Hebrew Choir Records by ntor Meisels, and Choir of Congrega tion "Ohab Zedek," New York City Sbma Israel 10-inch (No. 5339) EiZ ham 10-inch (No. 3340) . . Ishtabach 10-inch (No. 3341) . , Kdushu 10-lnch (No534s) ' Zur Israel 10-lnch (No. 5343) Der Kidysh 10-lnch (No. 3344) ' Birchas Kobanim 10-inch (No. 5345) . Ov horachmim 13-lnch (No. 31667) Mimkomcho la-Inch (No. 31668) Tismechu xs-inch (31669) 10-inch 60 cents; New Red Seal Records Soprano Marcel Journet, Bass 10-inch size, with orchestra $1 In Italian. Emanl Infelico e tu crederi (Unhappy One) (No. 64077) Verfi Herbert "Witherspoon, Bass is-Inch size, with orchestra 1.50 each In EngliiX. Elijah Lord God of Abraham (No. 74081) Mendelssohn Elijah It is Enough (No. 74083) Mendelssohn Emilio de Gogorza, Baritone za Inch size, with orchestra 1.30 in ngiix. Meyerbeer Gemele where'er Ton will gladly play these records for you. Go Victor Talking Machine Camden N J, U S A Berliner Gramophone Company of Montreal, Canadian mm w m w mm w m mmn 01 TALKING MACHINES $1.00 DOWN $1.00 A WEEK Come to our Victor Hall, near 4th-street entrance, and hear the new records played. Also the best of old favorite records Victor Talking . Machines from $10 to $100 9 America Victor Orchestra' Harlan and Stanley Walk (No. 74086) Handel and bear them to-day! Co. Write for free catalogue of over 3000 Records Distributors At id I i a I er-s I iaoo ji fa. I sv V I use TriA Hnnrjo f Highest Quality ) You'll Find the ) New And Also the f Tnrrfacf and Mnct k Laigcu aim luuai i f Complete Stock of j! j Talking Machine ) Disc Records 1 5 In Portland I j Visit Our New 3 Cosy, Comfort- i able and Indi f vidual Audience Rooms ( Also the Largest Line o! j ) TALKING ) i machines) in Town All the Best Makes Columbia, $ f Victor, Star j j Also the finest stock of j Rprnrri t j avvvi u j f, .. . f i UDmets f f sa , .. , m iiere you nave opportunity to 5 J hear all makes, as we are not 8 mere "agents" for only one a make, and you can therefore " at make comparison and be sure i of getting the best. J ( f 'f Our Small-Payment Plan 1 Makes Buying Easy-- 8 Ask Our Talking Ma- $ j chine Dept. About It. j i pisanor.Iiablfitr J Piano, Organ and Talking Machine Headquarter i Biggest, Busi usiest and Best 5 353 Washington St. 5 f Corner of Park k Stores everywhere k B CALIFORNIA to ALASKA 8 r i Victor 1 Records) I a j -su. O -sw