)
VOL. XLVI.-XO. 14,C3G.
PORTLAND, OREGON, TUESDAY, NOVEMBER 5, 1907.
PRICE FIVE CENTS.
X
MACHINE TURNS
IN FOR TOOTHY
Harriman Forces Work
for Ruef Ticket.
BARREL OF MONEY IS OPENED
Backs Down Odds on Taylor
to Even Money.
CLAIMS OF CANDIDATES
Jf Taylor Wins, He Will Have Kw
row Majority Has Xo Organiza
tion, Wlille McCarthy Has
Rebuilt the Machine.
SAN FRANCISCO, Nov. 4. (Special.)
The Southern Pacific and allied Interests,
constituting the old machine, sprang their
old trick today by suddenly . throwing
their strength to their favorite. The
machine waits till the eve of the election,
then passes out the word and with it a
barrel of money, with which it hammers
the odds to a figure that scares the wav
ering voters into the line that looks to
be headed to victory. .
The machine showed its hand today and
every card was for J. H. McCarthy for
Mayor and Frank McGowan for District
Attorney. Thousands of dollars were
poured into the poolrooms and Mayor
Taylor, who had been a 10 to 7 favorite,
was backed down till even money pre
vailed. Tonight bets are being made at
even money with more McCarthy money
In sight than cn1 be covered. In some
instances Mr. McCarthy has ruled a 10
to 9 favorite. In throwing its strength
to Mr. McCarthy at the last minute the
machine has repeated the trick which it
operated three times with success in the
case of ex-Mayor Schmitz.
Cannot Beat Down Langdon.
Although the machine was able to
hammer Dr. Taylor back to even money.
It was unable to affect the Langdon sup
porters and every dollar of McGowan
coin that appeared was quickly covered
with two from the Langdon camp. Mr.
Ijangdon is a strong favorite at two to
one. It will be the greatest surprise in
the city's political history If by any
chance Mr. Langdon should be beaten.
The followers of Mr. McCarthy held- a
parade tonight which gave fresh hope to
the Taylor supporters. It had been ad
vertised that 40.000 men would march,
but only 5000 were in line.
The sudden shift toward Mr. McCarthy
has sent a feeling of uneasiness through
out the city. Two days ago Taylor sup
porters were confident, but the events of
today have weakened their faith.
Estimates of Majority.
In the estimates made up tonight, Dan
iel A. Ryan is allotted third place by all
but himself. At Dr. Taylor's headquar
ters they look for a plurality of 8000. Mr.
McCarthy claims 12.000. The Bulletin,
which has made its estimates from a sys
tem of straw ballots, gives Dr. Taylor
a plurality of 10,000. The Call, which has
figured along more conservative lines,
will predict the election of Dr. Taylor
with a majority of from 4000 to 6000. Dr.
Taylor himself will not admit the pos
sibility of his defeat. Nevertheless the
very men who are giving out estimates
of 8000 majority from the Taylor head
quarters admit privately that they do
not look for more than a 6000 majority.
McCarthy Has Built Machine.
Dr. Taylor Is practically without an or
ganization. No attempt has been made to
solidify his following. Mr. McCarthy, on
the other hand, has perfected a machine
in many respects like that which carried
Rucf and Schmitz three times to success.
In the McCarthy parade tonight was the
old guard of the Ruef machine.
It is expected that the total' vote will
be about 66,000. Mr. Ryan, it is estimated,
will not exceed 10,000. This will leave
46,000 votes to be divided between Dr.
Taylor and Mr. McCarthy.
THE CLOSING IS SPECTACULAR
San Francisco Campaign Ends in
Bluze,of Glory. . ,
SAN FRANCISCO, Nov. 4. Thronged
streets. Immense crowds, red llprht. bon
fires, parading, music, speaking and
shouting: marked the close of the
municipal campaign in San Francisco
tonight. For two hours, while 85,000
men and boys, afoot or riding in hun
dreds of nondescript vehicles, paraded
from Van Ness avenue and Market
street to Sutter and Stelner streets, not
a streetcar rau on the .Fillmore and
principal crosslines.
All of the rival parties. Republican,
Democratic, Good Government and Union
Labor, held mass meetings and each of
them was liberally attended. District At
torney Langdon and Assistant District
Attorney Francis J. Her.ey addressed, a
great crowd at Pavilion Rink, Sutter and
Pierce streets. A block distant, in
Dreamland Rink, the Union Labor can
didate for Mayor. P. H. McCarthy, and
his chief lieutenants spoke to a huge
gathering. Daniol A. Ryan, the Mayoralty
nominee of the Republican party, put in
the evening automoblllng along Fillmore
street and through the Mission, stopping
every little while to address street-corner
crowds.
The most spectacular feature of the
closing of the campaign was the Mo-
Carthy-MoGowan parade. Starting from
the head of Van Ness avenue, the noisy
procession' passed to Eddy street, to Fill
more, to Sutter, to Stelner, between curbs
crowded throughout the route with spec
tators. Scores of policemen afoot and in the
saddle, officered by captains and lieuten
ants In automobiles, kept peace along the
line of march. The parade was one hour
and 30 minutes passing a given point.
Tonight considerable McCarthy coin was
wagered at 10 to 8. There has been little
betting on Ryan, though many claim for
him a fair chance of election.
Mayor Taylor declares he will be
elected "by a large plurality." Mc
Carthy claims victory by 30,000 to
35,000 votes. Ryan predicts that he
will win' with 23,000 ballots. " Langdon
believes his count will total 40,000.
McGowan eays.he will get all the Mc
Carthy votes and some to spare. The
total registration is 77,000. Conservative
T . . . . ........ ..........
t " V - , :
i
X ? :
Zh !
M:
t VP)?' :
Hmry Clay Frick, Director of Stoel
Trust, Who Conferred With Presi
dent Yeaterdny on Legality of Ten
nessee Coal and Iron Deal.
judges estimate that tomorrow's total
vote will approximate 55,000.
WJUf AIRSHIP TO BE BUILT
CONTRACT SIGNED FOR CON
STRUCTION OF FIRST.
Aerodrome to Be Built in St. Louis.
Will Be on Plan or Beachy and
Carry Small Gun.
ST. LOUIS, Nov. 4. J. C. Mars, of the
American Airship & Balloon Company, of
New Tork, arrived in St Louis today
from Washington to select a site for the
aerodrome th- company will use for the
construction of air craft and in which the
first war airship ever built lu the United
States for the Government will be erected.
The contract for the airship has Just been
closed in Washington, General Allen, of
the War Department, acting for the Gov
ernment. The airship will cost the Government
$10,000 and will be modeled after the
Beechey, shown here in the recent aero
nautic contest. According to the plans It
will carry two men and will be capable of
a speed of 25 miles an hour. . A 50-horse-power
engine will furnish motive power.
A light gun will be mourited on the frame
work. CONTENTS TODAY'S PAPER
Financial Situation.
Bxprts find New York trust companies
olvent and banks will back them. Pa 1
Bank of England again raises discount rate,
but gold purchases continue. Page 1.
Rush of banks to is&ue more currency.
Page 1.
Clearing-house certificates In more cities.
Page 1.
Cortelyou -promises help in moving wheal
crop. Page 1.
Difference of opinion on extra session ot
Congress. Page 3.
Steel Trust buys control of Tennessee Coal &
Iron, subject to Roosevelt's approval.
Page 1.
Foreign.
Great earthquake in Guatemala. Page 5.
Revolutionists con trol( railroads of Southern
Russia. Page 6.
National.
Contract let for airship for Army. Page 1.
Plnchot says timber supply -will not last 20
years. Page 5.
Domestic.
Rockefeller cannot be compelled to testify
In Ohio. Page 3.
Disastrous wrecks off Newfoundland Coast.
Page 3.
Great ovation to General Booth at New
York. Page 4.
Girls carried In slavery to Colon and beaten
to death. Page 4.
Evidence that Walker was murdered and
- evidence against coal land theives de
stroyed. Page 3.
Helen Malcne returns to her father. Page 2.
roiitios.
Harriman machine at San Francisco throws
strength to McCarthy and beats down
odds on Taylor. Page 1.
Great parade and Illumination ends San
Francisco election. Page 1.
Elections in 13 states and many cities today.
Page 1
Sport.
Important football game to be played this
week Page 7.
Hunter have good luck on duck lakes.
Page 12. v
Hearing of distribute rate case against O. R.
& N. before Railroad Commission.
Page 13.
Commercial and Marine.
City buying light but country trade good.
Page 17.
Wh?at strong on better export demand.
Page 17.
Further recovery In New York stock market.
Pago 17-
Steamship Alesla clears for Hongkong with
flour and general merchandise. Page 16.
Portland and Vicinity.
Half million gold shipped from London di
rect to Portland- Page 10.
Portland worktngmen not -alarmed regarding
tank situation. Page 10.
Railroad officials deny money is being sent
out of state. Page 11.
Fisherman enticed to secluded place and
shot four times. Page lit.
ITCH
STRAWS
L
Prophets Have Eyes on
Today's Elections.
GOVERNORS FOR SIX STATES
Many Municipal Fights of Gen
eral Interest.
FUSION VERSUS TAMMANY
Barton and Johnson Rival Cham
pions In Cleveland Snn Fran
cisco 'to Decide Fate of
Grajt Prosecutions.
WASHINGTON,; Nov. 4. The elections
which will take place in 13 states tomor
row may develop some Indication of pos
sible tendencies in the National campaign
of next year. The fact that contests af
fecting the National Congress are prom
ised In but a few Instances has a" some
what deterring influence, but the more
astute political forecasters expect to find
some results which will be significant if
not determinative.
There are ten general state elections.
The keenest Interest in the local contests
is in New York City, Cleveland, San Fran
cisco and Salt Lake City. In New York
the struggle between Tammany and the
Fusion ticket is regarded as of vast sig
nificance, and most of the wagers, few
and small at best, turn upon the outcome
in that contest.
Next to the New York battle In pop
ular interest comes the municipal contest
in Cleveland. Both Mr.' Burton and Mr.
Johnson are personally known here, the
former being a member and the latter an
ex-member of the House of Representa
tives, and the Interest is personal as well
as political.
Salt Lake receives attention, because
of t.ie prominence of the Mormon ques
tion, and San Francisco on account of
recent occurrences m connectloa..nSthvh
administration of the affairs of that city.
In Massachusetts, Maryland, Missouri,
Rhode Island, Kentucky and New Jersey,
governors will be chosen, and in all of
them, ejtcept New Jersey, ' full state
tlckets.-
In Virginia, ' New York, Pennsylvania
and Nebraska the elections will be for
inferior state officers or for members of
the Legislature or county offices. In all
cases the results will be carefully scanned
here for signB of changes which may
POLITICA
wnd
HARRY MURPHY'S HASTY GLANCE AT FEATURES
Is Uttle Ryan Heavy Enough to Stop the Bis; Doctor?
T ,
i
J ( Utile Old New Tork Between the
C500.000 GOI.O rOBORTlA"D.
Balfour, Guthrie & Co., grain
exporters and importers, have
engaged In London $500,000 in
gold for shipment to Portland.
One -half ,($260,000) was
shipped on Saturday last; the
other half ($250,000) will be
shipped tomorrow (Wednes
day). It is known also that
other shipments of even larger
amount will be made from
London to Portland In a day
or two. It has become neces
sary to deal with London di
rect, on the basis of our prod-
ucts for shipment to European
ports. No . satisfactory ar
rangements can be made with
New York, which In a panic
and fright continues to absorb
every dollar it can draw from
every-qnirter so desperate Is
the endeavor of the -freebooters
there to save some part of
the stakes of their enormous
gambling enterprises.
possibly bear on the more Important gen
eral conflict of 1908.
LOCAL ISSUES IX qHIO CITIES
First Time They' Hold - Municipal
Elections Separately.
CINCINNATI. Nov. 4. Voters in Ohio
tomorrow will have, the unusual experi
ence of voting . at a Fall election for
municipal officers only, the first time
such balloting has been possible in the
Tilstory of the state. Active campaign
ing was continued all over the state up to
a late hour tonight, ward meetings being
in order in nearly every part of the city.
The Issues have generally been those
connected with local administration,
touching on the enforcement of the
liquor and Sunday laws. They have
varied to such an extent that partisan
victories will scarcely be deserving of
the name. Local measures were brought
to the front, as was predicted when the
constitutional amendment providing for
separate state and municipal elections
was proposed.
Boss rule and taxation were to the
front in Cincinnati; Cleveland considered
local matters, but was more nearly divid
ed on party lines; Columbus had a choice
of law enforcement and liberalism, a
somewhat similar issue has been raised
in Toledo and Dayton and other cities
have issued largely of their own
choosing.
ALL WATCH FOR REPEATERS
Louisville Politicians Fear to Have
Another Invalid Election.
LOUISVILLE, Ky., Nov. 4. The night
before election for a full set of state offi
cers in Kentucky and a complete ticket
of city and county, officers for Louisville
and Jefferson County finds everything
serene after one of the hardest fought
campaigns In the memory of political
leaders. The Interest throughout the
(Concluded on Page 3.)
Where
-
Devil and the Deep Se.
BANKS STAND BY
'TRUST COMPANIES
Experts Prove Them to
Have Surplus.
GOLD MOVEMENT CONTINUES
Banks Buy More, Though For
eign Exchange Goes Up.
WILL ISSUE MORE NOTES
Controller Swamped With Applica
tions Under Last Offer Bank of
England Raises Discount Rate
to Check Outflow' of Gold.
NEW YORK, Nov. 4. The buoyancy of
the stock market today reflected the ulti
mate decision of large bankers to sup
port the two institutions, the Trust Com
pany of America and the Lincoln Trust
Company, which have been subjected to
the most severe runs during the last two
weeks. The day was one of doubt and
conflicting rumors, and the fact that It
passed without adverse development is an
evidence that the worst of the situation
is probably over.
At a late hour this morning an agree
ment was reached, largely through the
Influence of P. Morgan, by which the
trust companies will co-operate In the
future for their mutual protection and the
directors will lend the assistance of their
personal fortunes to meet immediate
necessities. The assets of the two threat
ened companies were carefully gone over
by experts on Saturday and Sunday, and
both of them were found to be solvent.
with a considerable surplus after paying
all claims and providing for the capital
stock. Under the circumstances " It was
thought advisable for the big men to sup
port them cordially. If they would adhere
to thoroughly conservative methods and
direction In the future.
Gold engagements since the beginning of
the present movement now amount to $32,-
000,000, which would more than bridge the
loss in surplus reserve last week.
Exchange Market Disturbed.
The disturbances which are hovering
over the exchange market and arousing
concern in foreign markets were indicated
today by the rise of foreign exchange In
New York considerably above the point
at' which gold could profitably be Im
ported. The fact that it is still coming
this way indicates the determination of
New York bankers to strengthen their
OF TODAY'S ELECTIONS
"Ptahead" McCarthy Stands.
TOSS
Evidently Barton Needs Help.
position, even at a loss. The high rate
for -bills was- caused by the demand for
exchange to cover the arrivals of gold.
The cotton bills are not yet fully avail
able, because shipments are slow and the
bills themselves are subjected to consid
erable scrutiny ' before they are taken.
The fact that the New Tork market bid
a sufficient premium for gold, to absorb
300,000 from the open market and to
withdraw an additional amount of 483,
000 from the Bank of England Indicated
that the increase' in the discount rate of
the Bank of England, made at a special
meeting today before the opening of the
New York market, from Shi to 6 per cent
was not sufficient to check the gold move
ment. Hence arose much talk In London
that the rate would be advanced to 7 per
cent at the regular meeting of the board
of governors on Thursday. This will be
the highest rate attained for many years,
but with $32,000,000 in gold already on the
way to New York or engaged for ship-
: 4 5
A , t
Senator Rnuto Nelson, of Mlnnroota.
Who Headed Delegation Which
Obtained From Secretary Cortelyou
Promtae of aid in Handling Grain
Crop.
ment, even a higher rate at the Bank of
England would probably not injure ma
terially American commercial interests.
Banks Increase Circulation.
Reports from Washington indicate that
the National Institutions throughout the
country are sound and the efforts of the
Comptroller of the Currency to get notes
into circulation are meeting with con
siderable success. The calls for bank cir
culation areso numerous that the mail
can hardly be handled promptly by the
clerks in the office of the Comptroller.
In some of them the amounts applied for
are small, but they are scattered all over
the country, and. It is believed, will aid
materially in relieving the local pressure.
The price of United States bonds Vas
firmer today than for some time, showing
an increase In several classes of one-half
of 1 per c?nt and indicating that the
banks were In the market as purchasers.
From Boston came the gratifying
news that the legal reserve of the
clearing-house banks had lost only
$1,751,571 during the past week and
stood considerably above the legal re
quirement of 25 per cent. The fact
that tomorrow, election day, is a legal
holiday in New York, will afford trust
companies time for perfecting plans
for mutual support, which were well
under way today.
Freight Blockade at Buffalo.
It was stated to day that the elevators,
boats and warehouses at Buffalo have
3,600,000 bushels of grain and 530 car
loads of merchandise and manufactured
goods, very largely for export, against
which drafts for gold could be drawn
the moment it is loaded on vessels that
are waiting at Atlantic ports for car
goes. The magnitude of this accumu
lation of American products Is indicat
ed by the fact that the railways find
themselves unable to move it to
the seaboard, notwithstanding the
enormous development of traffic facili
ties within the last few years. The
New. York Central lines have increased
the number of locomotives 81 per cent
"within the last few years, . and the
freight equipment has been Increased
67 per cent at an expenditure of over
$140,000,000. Other lines have made
large increases, but their combined
facilities are subjected to severe strain
in getting these accumulated products
from the Central West to the seaboard.
Confidence in Banks.
The executive committee of the Mer
chants' Association today passed
formal resolutions in which confidence
In the financial institutions of the city
was expressed. Members of the asso
ciation were advised to do all in their
power to spread this feeling.
Arrangements have been made by
which the Twelfth Ward Bank, which
closed Its doors several days ago, may
be able to reopen on Monday.
DENVER BANKS FAIIi IN LIXE
Vote to Issue Scrip Based on Secur
ities in Clearing-House.
DENVER, . Colo., Nov. 4. The Denver
Clearlng-House Association tonight de
cided to adopt the plan of paying checks
and other obligations in bank scrip In
stead of legal tender. The plan will be
put into operation as scon as the scrip
can be printed. The scrip will be Issued
In denominations of Jl. 5, $10 and $20. -
A committee of seven, consisting of one
from each bank in the clearing-house,
was appointed to pass upon securities
offered by the banks to guarantee the
scrip. Banks will be permitted to issue
scrip up to 75 per cent of the value of
the security given. '
WANT MOSEY TO MOVE CROPS
Dakotas Have 1 50,000,000 Bushels.
Need $10,000,000 to Start Them.
GRAND FORKS, N. D-, Nov. 4. Sena
tor Hansbrough sent the following tele
gram to President Roosevelt today:
"Fully 150,000,000 bushels of grain are
(Concludd on Fasa 2.)
STEEL TRUST HAS
i
Buys Control of Ten
. nessee Coal and Iron
IF ROOSEVELT WILL APPROVE
Asks Whether Deal Legal Be
fore Closing It.
MONEY MARKET RELIEVED
Change of Ownership Means Release
of Millions to Banks Gary
and Frick Both Support
Roosevelt's Policy.
NEW TORK, Nov. 4.-(Speclal.)-J. P.
Morgan has gathered in another great
steel company and will turn It over to
the United States Steel Corporation, if
President Roosevelt does not put a veto
on the merger. As a result of the recent
financial flurry, Mr. Morgan acquired
control of the Tennessee Coal & Iron
Company yesterday by the purchase of
the posted stock. The deal was arranged
at a conference at Mr. Morgan's home
last night, and E. H. Gary and H. C.
Frlck left by a midnight train for Wash
ington to sound the President and the
Department of Justice as to whether the
Government would object to the absorp
tion of the southern concern by the
larger corporation.
Means Heavy Loss to Pool.
This change of ownership means the
passing of the big pool in Tennessee Coal
& Iron stock, wfilch has been an inter
esting feature In financial affairs, and it
may entail a loss of millions on the mem
bers of the pool, which controlled 70 per
cent of the stock. The price to be paid
is a little over $S5 per share.
A semi-official statement said that the
negotiation for the transfer of the con
trol were "all but completed." In other
quarters equally well informed it was
said that the only hindrance In the way
of a formal announcement of the trans
fer of the great southern iron and coal
property was the belief that a consolida
tion might prove to be illegal.
Gary Partlzan of Roosevelt.
Mr. Gary has supported the President
in many of his ideas of restraining cor
porations and Mr. Frick has been also
known as a supporter of the President
to a great extent. In fact, when the
break between Mr. Harriman and Presi
dent Roosevelt became acute, these men
counseled" "M Harriman to modify his
active antagonism. They were known
as Roosevelt partisans In the camp of
which Mr. Harriman and Mr. Rogers
were the leaders.
"The President is disposed to do every
thing In" his power that is right and
proper to benefit the business Interests
of the country," said Mr. Gary on his
return from Washington tonight.
W'lU Aid to' Relieve Stringency.
This sale cannot fail to do much to re
lieve the present financial stringency, as
large amounts of the stock of the Tennes
see Coal, Iron & Railroad Company are
now held as collateral for loans by the
local banks. The taking up of these
loans by the new owners of the stock will
add materially to the cash resources of
the financial institutions.
In the absence of an official statement
it is estimated that the Steel corporation,
acting through J. P. Morgan & Co., has
secured about $20,000,000 of the Tennessee
Coal & Iron stock at an outlay of some
$17,000,000.
This important deal has had the effect
of strengthening the Trust Company of
America, which held considerable of the
stock as collateral, and will alleviate the
financial conditions that have tended t
retard the return of confidence In gen
eral. The Tennessee Coal & Iron Company is
a manufacturer of open hearth steel and
about two months ago received all the
orders placed by the Harriman roads for
rails needed by them in 1907 and 190S. Tho
total outstanding stock is $29,500,000.
There is also $248,300 of preferred, stoclc
outstanding. The bonded debt consists
of $14,000,000 mortgage 6 per cent, duo
July, 1851.
CON1TERS WITH STEEIj KIXG9
But Roosevelt Refuses to Talk on
Financial Crisis.
WASHINGTON. Nov. 4. President
Roosevelt conferred for nearly two
hours today with Secretary Root, E.
H. Gary, chairman of the United States
Steel Corporation, and Henry C. Frlck,
also of that corporation. ,
The only statement obtainable at the
White House was to the effect that the
conference dealt solely With the finan
cial situation. It was said that the
President contemplated no direct state
ment at this time.
Mississippi Vote Will Be Light.
JACKSON, Miss., Nov. 4. Tomorrow's
election will put the formal finish on a
picturesque struggle for Governor
which began a year ago, and which was
really decided three months ago at the
Democratic primaries. Two primaries
were necessary, E. F. i.oel winning.
The prospects are that less than half
and possibly only 25 per cent of th
normal vote will be polled.
DEVOURED
RIVAL