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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Nov. 12, 1907)
THE MOKMXi OKEGOMAN, TUESDAY, NOVEMBER 12, 1907. 11 BANK SITUATiO P. Feeling of Confidence in Busi ness Circles and Bankers Breathe Easier. HOLIDAYS MAY SOON END Depositors of Title, Guarantee & Trust Company Bank Still Seek to pislodge Receiver Hill Hold Meeting Tomorrow Xlght. Further- Improvement in local financial circles was noticed yesterday and the bankers breathed easier after the unset tled conditions of the past week. Al though none ot the heads of Portland banks, will venture to predict Just how long It will be before the bank holiday will be ended, they all declare that the end fit the trouble is nearer than was thought likely last week. The length of the prevailing holiday de pends to a (treat extent upon the temper of the public, explained a local banner yesterday. "If the people intend to start runs on the banks as soon as they open for busi ness, the holidays will be lengthened out," said he. "The depositors in the Portland banks should consider that they have a duty to perform in this matter. The banks cannot press their creditors, neither should depositors run to the banks and demand their money. "Business houses in Portland owe' the banks approximately $6,000,000. Sut they rannot go out and collect it in a moment. Neither wiil the bankers bring suit to collect. They might do so of course, but such action would stop every Industry in the city, every laboring man would be walking the streets and business would be paralyzed. Depositors should look at the situation in just that way. "We. hold the people's money, it Is true, but if they are going to Jump at the banks like wolves, the holiday must be prolonged far longer than will ho necessary if they draw on their accounts for such sums only as are absolutely needed, leaving the remainder of their money where it will do the most good and showing confidence In the banks. This will permit business to go on as usual." Depositor Meet Tomorrow. Efforts to dislodge Georgo H. Hill from the receivership of the Title Guarantee & Trust Company have not taken tangi ble form yet, but supporters of the move ment say they will surely ask Judge Volverton for & new receiver. Mean while Mr. Hill is going ahead with his duties and says he hopes to report the condition of the wrecked bank to the court in about three weeks. T. T. Struble, temporary chairman of the depositors who met Sunday night, had not completed the committee of seven that will select candidates for a receiver, up to last night. He expects to name this com mittee today, and the committee will choose cllgibles from the depositors them selves. These candidates will be voted upon at the next meeting of the deposi tors. The meeting which was to have been held tonight at the Council Chamber, has been postponed until tomorrow night. It being impossible to secure the Council rooms. It is also inconvenient -to meet In the Armory tonight for a drill will be In progress there, so the best thing that could be done was to secure Arlon Hall for tomorrow night, where the deposi tors will gather at 8 o'clock. The selec tion of a receiver will be taken up and other matters of mutual Interest to. de positors will be discussed. Marquam Block for Creditors. Transfer of the Mnrquam block to the Title Guarantee & Trust Company was made yesterday by Ladd & Tllton as signing to that company 2310 shares of stock in the Oregon company, which owned the building. The stock was held by Ladd & Tilton as security for a debt of $807,000. owed by the bank and had been assigned by the Title Guarantee & Trust Company to Ladd & Tllton. September 6, 1906. The three remaining shares of the Oregon company are held by its pres ident, John E. Altchlson, who is secre tary of the Title Guarantee & Trust Company; Its secretary, Clyde B. Aitohijon. formerly trust officer of the Title Guarantee & Trust Company, and now State Railroad Commissioner, to which office he was appointed by State Treasurer Steel: and its treasurer, M. A. Zollinger, who was trust officer of the Title Guarantee Ac Trust Company when the latter failed. ' The assignment of stock to the Title Guarantee & Trust Company yesterday was accompanied by the following let ter to Receiver George H. Hill, from Ladd & Tilton. signed by W. M. Ladd: Mr. George H. Hill, Receiver, The Title Guarantee & Trust Company, City. Dear Sir: We herewith hand ou certificate num ber 1. for- 11510 shares of the capital stock of the. Oregon Company, which is Indorsed In blank by the Title Guarantee & Trust Company, which certificate was pledged with us aa collateral to the note of the Titlo Guarantee & Trust Company, held by us. Kindly sitsn the inclosed receipt, and hand to the bearer hcicof. Yours truly, Ladd & Tllton, by W. M. Ladd. Hearing of Bank Officials Set. Preliminary hearing in the Police Court of three officials ot the wrecked bank. President J. Thorburn Ross, Vice-President George H. Hill, and Treasurer T .T. Burk hart. Was set by Judge Cameron yesterday for 10 A. M. Wednesday. Examination by District Attorney Manning of the mysterious box, in which it was rumored money of the bank was secreted in the cellar of the bank building on the night of the day the bank finally closed, revealed noth ing important. The box ras Jammed full of old papers, of defunct corpora tions, of-which Treasurer Burkhart was either president, secretary or treasurer, and was almost as heavy as lead. PUTS MOXEY IX CIRCULATION Southern Pacific Ships Currency Here to Pay Off Laborers. During the past few days the South ern Pacific Company has shipped large amounts of currency from outside points to Portland. This movement will prob ably continue for some days yet and will do a great deal of good in relieving the tension caused by the lack of currency. "This money will be used in paying off discharged laborers," said General Man ager O'Brien, of the Oregon lines of the Southern Pacific. "There are large num bers of men who have been left without employment by reason of the financial stringency as the construction work on the Oregon lines has been stopped. These laborers, had to be paid off at once and the money brought here has been used for that purpose." The average railroad laborer, say his employers, will not retain his earnings for any great length of time. This fact, while disheartening to the laborer him self, will have a stimulating effect gen erally for it results in this large amount of coin going directly into circulation and swelling the available funds for trans acting the business of the city and sur rounding country. Crawford to Demand Payment. SALEM, Or., Nov. 11. (Special.) Attorney-General Crawford went to. Port land this evening to make formal demand on the American Surety Company for the payment of its two $50,000 bonds given to secure the state for deposits made by the State Treasurer in the Title Guaran tee & Trust Company bank. He has not determined Just what form of demand to make upon the official bond given by the Treasurer and upon which the Amer ican Surety Company was surety. THE THEATERS What the Press Agents Say. LAST TIME TOXIGHT. The Musical Play, "The Vanderbllt Cup," at the Hellig Theater. TonlRht at The Helllg Theater, Fourteenth and Washington streets, the last performance cf the muelcal play, "The VaaCerblJt Cup." n-lll be given. This, "fast Kolas,." tuneful of fering Is presented by an exceptionally good cast and a chorus that can both sing and dance, and aa for looks, well! they are cer tainly "Al." The music Is excellent, among the song hluj being "My Little Chauffeur." "The Light that Ln In Girlish Eyes." "My Houseboat Beau." and "Somewhere In the, World." The cast number 60, and the cos tuming Is said to be a wonderful example of the smartest. Imported automobile toggery. "WEDDIXG DAY" AT MARQUAM Beautiful Song Show Will Be Re peated Tonight. The beautiful performance given by the San Francisco Opera Company at the Marquam thla week Is the talk of the town. "The Wedding Day" In which Jefferson De Angells. Lillian Russell and Delia Fox appeared In New York and on their famous joint starring tour some years ago, Is a favorite with music lovers and the element which goes to the theater .for bright refreshing humor. BAKER COMPANY IX COMEDY Hope's riay, "The Ad-venture of Lady Ursula" This Week. An Ideal hlgh-clnss stock company play Is Anthony Hepe's noted comedy, "The Adven ture of Lady Ursula," which the Baker Com pany Is presenting to Portland this week. Mies Marlon Barney Is fairly carrying Baker audience away by her delightful rendering of the brilliant part of the reckless Lady Ursula. Mr. Webb, as a woman hater, who finally succumbs to her charms, could not be cast to better advantage. Matinee Saturday. 'Human Hearts' Matinee Tomorrow Tom Logan was a big-hearted, honest and straightforward blacksmith and he lived and tolled In the hills ot Arkansas. In the com munity about him were his friends, and ene mies, and their doings and dealings are all clearly described In Hal Reld'a famous play. Human Heart. It will be the attraction all this week at the Empira Theater. Matinees tomorrow and Saturday. "Deadwood Dick" Matinee. This afternoon the R. E. French Stock Company, at the Star Theater, 'will pre sent "Deadwood Dick." This Is a comedy melodrama, based on historical happenings on the wild frontier In the days of General Miles and Kit Carson. As a Western drama It contains much that Is new and exciting, the characters being scouts. Indians, min ers and the other types that had their day in the winning of the West. - "SOUTHERN' SKIES" TOMORROW Beautiful Comedy Drama Begins Engagement at the Helllg. , The attraction at Tha Helllg Theater, Four teenth and Washington streets, tomorrow, Wednesday, night will be the beautiful drama, "Under Southern Skies." All the sunshine of the South, all the chivalry of Its gentle men, all the beauty of Us women. In truth the whole atmosphere of the magnolia-scented Eouth Is In "Under Southern Skies." Seats are now selling at theater. SEAT SALE TODAY. Advance Seat Sale Opena for Isabel Irving at Helllg. The advance seat sale will open this morn ing for Isabel Irving, who comes to Ths Helllg Theater for three nights- commencing Thurs day. November 14. as "The Girl Who Haa Everything" In the play of that name by Clyde Fitch, and who has evidently Just what the title implies, "everything" that goes to make a successful star. "The Girl Who Has Every thing" Is the central figure of a very de lightful story which Clyde Fitch has written with the skill for which he is noted. There are a number of very strong dramatic scenes, and many flashes of delightful eomedy in both of which Miss Irving Is at her beat. The attraction 1 under the direction of Llebl.r & Co. "The Heir to the Hoorah" Thursday The odd. not to say cryptic title of Paul Armstrong's new comedy, "The Heir to the Hoorah," creates a lot of comment and con siderable Inquiry. A good many citizens appear to - Jump to the conclusion that a piece under such a name ahould be a musi cal comedy or an extravaganza, but It Isn't. "The Heir to the Hoorah" will be the at traction at the Marquam Grand Thursday, Friday and Saturday this week. Theatrical requisites for the professional. Imported and domestic, lowest prices. Wood ard, Clarke A Co. Helen Varlck Roswell has been selected to Btart a string of women's clubs on the Isth mus of Panama, -- ave a riano get it today- Prices are down Eastern factories need lota of ready money now to handle their big Fall and holiday trade: extra dis counts are now in force take advantage rM of them. Your Check L f? mm One I From Eilers a Good S 9 Tt t rt era 9icnnnt rionno4t V-v. . - -"?'TB?5?!V.fc STSi certificate, is trood at Eilers. X Big or little, on any estab lished bank. Title Guarantee & Trust Co. checks, also, as previously an nounced, up to one -half the purchase price of any new in strument, without re striction. There are no "hard times"; the country was never more really pros perous than right now; the West was never so rich as today; the pres ent little Wall-street financial flurry will soon be forgotten, in the real ization of the actual abundance which pre vails. Now is the time to buy a piano, or pianola, or an organ, or even a talk ing m a c h l n e when you can save substantially from usual prices. Have music, good music; have it now. The oppor tunity is yours. See about it to day I dtassns s pinrtoraHaMlitr ' THE HOUSE OF HIGHEST QUALITY W STORES FROM CALIFORNIA TO ALASKA Washington Street, Cor. Park j SENATOR- FCLTOX SUGGESTS CURE FOR STRINGENCY. Would Have Banks Issue Extra Money oii Sort of National Clear ing - House Certificate Plan. "The worst of our financial troubles has passed," said United States Senator Fulton, in his rooms In the Imperial Ho tel, yesterday. "Not only locally Is this so, but all over the country. Here In the Northwest the banks will all open and pay cash just as soon as they can get the Eastern banks to send them the money now to their credit. And the New York banks can and will do this Just as soon as the gold, over $50,000,000, now on the water, reaches them from Europe. This will be enough to make up the New Tortc Clearing-House reserves. To supply the cash necessary to meet Western drafts, the Government is letting the National banks everywhere put up other than Na tional bonds to secure Government de posits, and these Government bonds thus released are being used as a basis for new bank notes. "The end is In sight. It win be all right Just as soon as the Government has had time to make this exchange of bonds and to Issue extra bank notes. "When this Is over, certain new legis lation Is needed to prevent it happening again. The National banks should be al lowed the right to issue extra money In times of unusual demand, subject to a tax high enough to call the money In again when the strain was . over. This extra issue, of course, would be secured at all times by good bonds and paper other than Government bonds, much as the clearing-house certificates are Issued right here in Portland. In other words, a sort of National clearing-house Certifi cate plan must be worked out Instead of each city acting alone as at present. But all this Is for the future and does not apply to the present conditions. "I think things will be normal again in every way within about two weeks. If nothing else turns tip to complicate mat ters, which is not likely. I see no cause for alarm nor uneasiness now. We will all have plenty of cash in our pockets In a short time." Senator Fulton will leave Portland for Washington this morning to remain dur ing the coming session of Congress. LECTURE - NEXT SUNDAY Dr. Fluno Will Speak on Christian Science at the Helllg. - The hour for the" lecture on "Christian Science," which will be given at the Helllg Theater next Sunday afternoon, has been- set at 2 o'clock, one hour ear lier than formerly announced, in order to accommodate the management of the theater, who have an unusual amount of scenery .to place for their evening per formance. The two local churches of this denomi nation provide semi-annual lectures In order that the public may have the op portunity of learning something of the teaching and application of Christian Science. The world, is In need of a greater measure of confidence, hope and peace In this hour of evil rumor, anxiety and distrust, and it Is the purpose of these lectures on "Christian Science" to bring this message of divine optimism of God's will toward men to the com munities In which they are given. A cor dial Invitation is therefore .extended to as many as the Heillg Theater will hold to ill SIM (g FED AND KEPT 0PEB BY IMPURITIES IK THE BLOOD If Old Sores were due to outside influences, or if the cause was confined strictly to the diseased flesh around the ulcer, then external treatment and simple cleanliness would cure them. But the trouble is in the blood, which has become unhealthy and diseased, and keeps the sore open by continually discharging into it the impurities and poison9 with, which the circulation i9 filled. This poisonous condition of the blood may be the remains of some constitutional trouble ; the effect of a long spell of sickness, or because the natural refuse of the body, which should pass off through the proper avenues, has been left in the system and absorbed into the blood. Again, the cause inay be hereditary ; but it does not matter how the poison becomes intrenched in the blood, the fact that the sore will not heal is evidence of a deep underly ing cause. Salves, washes, lotions, etc., may cause the place to scab over. temporarily, but tae blood 13 not made any purer by such treatment, and soon the old inflammation and discharge will return and the sore be as bad or worse than before. S. S. S. goes down to the very bottom of the trouble, cleanses and purifies the blood, and makes a permanent cure. S. S. S. enriches and freshens the circulation so that instead of discharging unhealthy matter into the place, it carries rich, tissue-building, flesh-healing blood to the diseased parts and in every way assists in a natural cure of the sore. Boole on Sores and Ulcers and any medical advice free to all who write, THE SWIFT SPECIKXC CO., ATLANTA, GA. PURELY VEGETABLE attend Dr. Fluno's lecture next Sunday afternoon. The lecture is free, and tickets entitling holders to reserved seats may be had on application at the theater box office Saturday, at 10 o'clock. Re served seats must be. occupied by 1:46, and the doors of the theater will . . be closed at 2 o'clock, when the lecture begins. MUST TEST ALL CASES Physicians Instructed to Have Bac terial Examinations Made. In accord with the action taken at the last meeting of the City Board of Health that every physician of the city must ob tain bacilli, cultures from each patient who has recovered from a contagious dis ease. Dr. Esther C. Pohl, City Health Of ficer, will Issue a letter to all physicians. Instructions will be given them to have bacteriological examinations made by Dr. Ralph C. Matson, of the State Board of Health. Dr. Pohl said last night that although the Health Department has been very busy for the past month in handling the contagious diseases of the city, especially diphtheria, she does not expect an epi demic. Sixty-four cases of this disease were reported in October, while 26 cases have come In since November 1. Thir teen of these last were in Sunyslde. Dr. Pohl said the fumigation of the Sunny side school has been recently completed, and instructions are being issued to all the teachers of the city to be watchful, not only for symptoms of diphtheria, but of other diseases. Almost without ex ception the casea of diphtheria so far re ported have been very mild, and during October there were no deaths from this cause. PERSONALMENTION. Rev. and Mrs. Gllman Parker, of Mon tavllla, have gone to pcean Park, Wash., in . the hope the change will benefit Mrs. Parker, who has been 111 for some time. Howard Fenton Latourette, a practicing attorney, who has been connected with the Clackamas County Abstract & Trust Company, is now located in Portland. He has offices with' J. H. Upton, 601 Swetland building. Will 'Vote on Bonds. It now seems probable that the electors of St. John will vote on the question of issuing bonds to the amount of $76,000 for park and public dock purposes at the special election January 6, 1908. The peti tion being circulated to have the bond proposition placed on the ballot is being generally signed. If the bonds are voted the money will be applied to the pur chase of grounds for a public park and for erection of a public dock at the foot of Philadelphia or some other central street. It is announced that Cedar Park can be bad for .10,000. It is the property of the. streetcar company and is located In the heart of St. John. It contains something over three acres. The city spent $500 on a dock that has not been of much use owing to Its inaccessibility. St. John has fully 4000 people, and the tax able property is now valued above $2,000,000. Employs Another Teacher. Attendance at the Mllwaukie school has increased to such an extent since the opening In September that the directors have found it necessary to hire another -teacher. Miss Ada McLaughlin, who will begin her work after Thanksgiving. She will have the sixth and, seventh grades. The directors will fill the band hall with desks and use It. When the district sold the hall to the Mllwaukie Bank It re served the right to use it at any time for five years. Provision will have to be made at the next school meeting for addi tion of at least two rooms to the main schoolhouse. In the four rooms there are now nearly 200 pupils. DAILY METEOROLOGICAL REPORT. PORTLAND, Ore., Nov. 11. Maximum temperature, 61 degree; minimum tempera ture, 43 degrees. River reading at 8 A. M., 1.8 feet; Chang In 24 hours, fall 0.8 feet Total rainfall (5 P. M. to 5 P. M.Inone; total rainfall since September 1. 1907, 3.14 inches; normal rainfall since September 1, 1907, 7.78 Inches; deficiency. 4.82 Inches. Total sunshine. November 10, 1907, 8 hours, 41 minutes; possible sunshine, 9 hours 41 minutes. Barometer (reduced to sea level) at S P. M., 80.12 inches. FORECASTS. Portland and vicinity Tuesday, fair easterly winds. Western Oregon and Western Washington Tuesday, fair; easterly winds. Eastern Oregon. Eastern Washington and Idaho Tuesday, fair. WEATHER CONDITIONS. The North Pacific high pressure area con tinues to remain nearly stationary and no rain has fallen on the Pacific slop during the last 24 hours. The temperature has fallen eight degrees in the Sound oountry and It Is slightly cooler In Western Oregon and Northern California. East of tho Cas cade mountains the temperature has re mained nearly stationary. The conditions are favorable for fair THE PORTLAND PORTLAND, OS. BtTROWEAJf PLAN MODERN REST AC RANT. CUbf OHH MILLION DOLLARS. HEADQUARTERS FOB TOX.RIST9 and COMMERCIAL TRAVELERS Special rt mada to lamitlea and sln gla gentlemen.. Tba management will be pleased at all time to show rooms and give prl'-v A moti rm Turkish biUh es tablishment la tha hotel. H. C. BOWERS. Manager. HOTEL. .OREGON CORNER SEVENTH AND STARK STREETS Portland's New and Modern Hotel. Rates $1 per Day and Up European Plan. Fre9 Bus. WRIGHT-DICKINSON HOTEL CO. Props. HOTEL PERKINS ' Filth and Washington Streets, PORTLAND, OREGON EUROPEAN PLAN tl.M to ft.Se Par Da Aoeardln t LaoaUoa. Tms'C1 Cheak Cms Mint mtk Hotel. . V. DATin, rraUsna. o. a Darn. . St Charles Hotel CO. (INCORPORATED) Front and Morrison Streets, PORTLAND, OR. EUROPEAN PLAN ROOMS 50c TO $1.50, FIRST-CLASS RESTAURANT IN CONNECTION I HOTEL LENOX Third and Main Sts. Portlaa Nunrt mad Meat Modern Hotel Up-to-date grill Auto bus meets all trains Rates: $1 day and up European plan Long dis tance phone in all rooms Private baths. ran. sCKTSCHAir. mm mat ao4 Wfcictoa Btraets, European Flan Paf1aad. Os ssjesm. - tl.OO, $1.60, 2.00 per Day, weather In this district Tuesday with nearly stationary temperatures. PACIFIC COAST WEATHER. Observations taken at B P. M., Pactflo time: - jj Wind. 4 sU sff STATIONS. a -g O - h g-f f I : 1 3 ? ; Baker City 64 0.00 48E Clear Bismarck 22 0.00 4JW Clear Boise 64 0.00 4 NW Clear Eureka 62 0.00 4N Cloudy Helena 46 0.00 8.S Clear Kamloops. ....... . 88 T. Calm Cloudy North Head 64 0.00 4iSW Clear Pocatello B2 0.00 4W Clear Portland 61 0.00 6 E Cloudless ed Bluff 68 0.00 4 SB Clear Koseburs; 46 0.00 4 NW Pt. Cldy. Sacramento 68 0.00 4B Clear Bait Lake 48 0.00 4 NW Clear Ban Francisco 62 0.00 8W Clear Spokane 6010.00 4;NB Clear Seattle 60)0.00 4)BW Pt. Cldy. Tatoosh Island.... 64 0.00 4E Clear Walla Walla 6010.00 4W Clear EDWARD A. BEAL8. District Forecaster. Savoy Iln(rl, Srattle, 3d near Snecs St.) 12 stories, lire proof, concrete, steel and marble, In the moMt faahlonable shopping district. Special larare sample rooma for display, Euarllah rrlll 310 rooms, 13.1 baha barber ahopi library. Moat refined, moil, era hostelry In Seattle. 'Busses meet nil trains and boats. 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