Morning Oregonian., January 03, 1908, Page 4, Image 4

THE MORNING OREGONIAN, " FRIDAY," JANUARY" 3. - 1908.
FIGHT DELAYEO
FOR PHILIPPINES
No Hope of Action on Tariff
Reduction by Present
Congress.
TRUST OWNS THE SENATE
Aided by Democrats, Sweetened
Senators Can Prevent Action.
Tart Will "ot Surrender, but
Will Renew Fight tater.
WASHINGTON-." Jan. 2. (Special.)
After considering tlie matter from all
sides, the Administration lias about
reached the conclusion not to press for
Philippine tariff legislation at the present
session of Congress. The cards have been
too well stacked against the Administra
tion in the Senate. The sugar interests
are too thoroughly intrenched there on
the one hand, and the Democrats, lor
political reasons, have shown their in
tention of refusing to assist the Repub
licans who are friendly to the reduced
schedules project, despite their general re
vision and free trade protestations.
The Administration as a whole is pretty
well convinced that a losing fight this
Winter would not help matters a year or
so later, and the better policy, It is be
lieved, is to reserve ammunition until it
will count for actual results.
Oxnard Rejects Compromise'.
. A little while back it was thought an
agreement could be reached with the
sugar interests in the form of a compro
mise to limit the amount of sugar to be
imported from the Philippines to 800 000
tons. It was believed the sugar trust and
the beet sugar interests would accept
this proposition in preference to waiting
for action when general tariff revision is
taken up, as contemplated, next Spring
or Summer. The proposition was put to
Mr. Oxnard, the sugar magnate, by ad
vocates of the Administration policy, but
acceptance was refused. Mr. Oxnard
seems to have the controlling hand as
far as the Senate is concerned.
It may be said here that the Adminis
tration does not blame the standpat and
beet sugar Republican Senators for the
situation so much as It does the Demo
cratic leaders, who picked the Philippines
committee so as to prevent favorable con
sideration of a bill by it.
Taft Will Xot Give Up.
That ultimate justice will be accorded
the Filipinos, however, is a foregone con
clusion. Secretary Taft will not surren
der. Apropos of his plan to give at least
partial free trade to the islands with re
spect to their commerce with the United
States, the Secretary does not wish to
build up immense tobacco and sugar
growing industries in the Philippines; all
lie wants to see done is the re-establishment
of these industries on the plane they
occupied before their previous markets
were curtailed without any chance of
finding new markets for the products in
question in the United States.
DEFICIT SHOWN IX DECEMBER
Iarge Increase in Expenses, ' De
crease in Revenue . for Month. '
WASHINGTON, Jan. 2. The monthly
statement of the Government's receipts
and expenditures shows that for Decern-
ber. 1907, the receipts were $47,2S3,825 and
the expenditures $55,912,893, leaving a
deficit of Js.535,000. The receipts fell off
as compared with December, 1906, about
K.KO.COO and the expenditures increased
by about $9,281,000. The receipts from cus
toms were $21,744,672, a decrease of about
$7.w),O0O. Internal revenue receipts fell
from $23.5S3,S69 in December, 1906, to $20,
815,224 in December, 1907.
For the six months of the present fiscal
year a deficit is shown of $9,303,000 as
compared with the first half of the last
fUcal year, the receipts showing a de
crease of about $11,000,000 and the expendi
tures an increase of over $23,000,000.
MUST OLD OFFICERS RETIRE?
Roosevelt and Taft Consider Result
of Rid ins Test.
WASHINGTON, Jan. 2. President
Roosevelt and Secretary Taft this even
ing considered what course shall be fol
lowed regarding Army officers who failed
to make good in the recent horseback
riding test. Several engineer officers
will be retired, should the report of the
riding board be followed. Among these
is Colonel Marshall, In charge of the
Ambrose Channel improvement. In New
York, who failed to ride because no
horse could be found heavy enough to
carry him. Colonel Marshall weighs 350
pounds.
At the conclusion of the conference, Mr.
Taft stated that he had no announcement
to make tonight, because no decision had
been reached. The secretary said that
he would again see the President tomor
row and that a definite announcement
would be made at the conclusion of the
Cabinet meeting.
w Ships Built in 190 7.
WASHINGTON. Jan. 2. During the cal
endar year 1907 the Bureau- of Navigation
reports 1056 vessels of 502.508 gross tons
built and specifically numbered in the
United States, compared with 1045 vessels
of 893,291 tons in 1906.
BANK OFFICERS GET TIME
San Francisco Hearing Continued
to January 8.
SAN FRANCISCO, Jan. 2. The plead
ing of Walter J. Bartnett, vice-president,
and J. Dalzell Brown, general manager
of the insolvent California Safe Deposit
& Trust Company, on the indictment re
turned against them by the grand Jury
charging embezzlement of the Colton
estate securities, valued at $205,000, were
continued by Superior Judge Dunne to
day until January 8,- at the request of
tlie defense.
Judge Dunne granted Bartnett an order
permitting him to be at liberty today In
the custody of deputies from the Sheriff's
oflice, in order that he might attend a
meeting of the directors of the Eldorado
Lumber Company, one of the subsidiary
companies financed by the California
Safe Deposit & Trust Company.
James Treadwell. a director of the
wrecked bank who is now in the County
Jail along with Brown and Bartnett on
two indictments charging him with em
bezzlement in connection with some loans,
has not yet been able to secure bail for
his release.
Assistant District Attorney Cook stated
today that when the grand jury recon
venes next Tuesday. It will continue its
Investigation of the affairs of the In
solvent trust company and declared that
l was probable that more indictments
will be returned against officials and
directors of the bank.
ROCKY FORD BANK SCSPEXM
Officers Are Confident That Institu
tion Will Resume.
ROCKY FORD, Colo., Jan. 2. The
State Bank of Rocky Ford, Colo., closed
its doors today, following a run. State
Bank Examiner Beatty is making an in
vestigation. The bank, is regarded as one
of the soundest in the Arkansas Valley.
The liabilities exceed $31)0,000. and the
assets are placed at more than $525,000,
mainJy loans on high-grade farm lands
in the vicinity. The bank is capitalized
at $30,000 and the surplus is $30,000. The
officers are. President, J. E. Codding;
vice-president. Senator Swink; cashier,
E. H. Smith; assistant cashier, D. W.
Barclay.
There are two other banks in Rocky
Ford, the First National and ' the
Farmers' and Merchants'. Neither of
these were affected by the suspension of
the State Bank. The officers of the
! Rtafo Ranlr hnnn tn rnnmo hiitsinfttta in. a
short time.
REDUCES RATE OF DISCOUNT
Bank of England Recognizes - Im
proved Financial Condition.
LONDON, Jan. 2. The directors of the
Bank of England today lowered the mini
mum rate for discount to 6 from 7 per
cent, which latter rate was established
as a result of the recent American llnan-
Dr. Nicholas Senn. UistiOBulobed
Army Surg-eon, Who Died at Chi
cago Yesterday. j
cial crisis. Improved financial conditions
in America, coupled with a better mone
tary situation in Germany, assisted the
directors in their decision to remove the
stringent rate of discount, which had
been handicapping trade and speculation
for the last seven weeks.
The effect of the reduction of the dis
count' rate, -however, already had been
largely discounted on the London Stock
Exchange, as the absence of New York
competition for Monday's gold arrivals
and a sharp drop in discount rates fore
shadowed an early decline In the official
minimum rate of discount. Today's stock
market was quiet.
Hamilton Bank Out of Trouble.
KINGSTON. N. Y., Jan. 2. Justice
Betts in the Superior Court today signed
the order discharging the receiver of the
Hamilton Bank of New York.
RENT STRIKERS MARCH
MOVING ORATOR CAUSES WIW
NIGHT IN GOTHAM.
Landlords Blacklist Tenants, but
Some Make Concessions Team
sters Aid the Strikers.
NEW YORK, Jan. 2. Driven from Rut
gers Square, where they had met for an
open-air meeting tonight, 3000 rent strik
ers followed a truck bearing a Socialist
speaker as it traversed the streets of the
East Side and cheered the moving orator
so loudly and incessantly that not a word
of what he said could be heard.
The tenement dwellers who want their
rents reduced had been dispersed because
the speaker had failed to provide himself
with a license, but. in moving on, the
agitator continued his arguments for re
sistance, the crowd fell in behind, and
the mass meeting was presently turned
into a street parade. When the throng
grew to dangerous proportions, the police
arrested the driver of the truck.
One hundred of the landlords met to
night and planned a blacklist of tenants
who could be evicted. There were several
evictions today, but nothing very serious
developed. Several landlords made con
cessions today, and it Is generally be
lieved that the parties to the trouble will
reach a basis of compromise soon.
TEAMSTERS HELP TENANTS
Will Refuse to Move Strikers If
They Are Evicted.
NEW YORK, Jan. 2. There will be
no teamsters to move the goods of the
striking tenants on the East Side, if
notices are served on them, according
to an announcement today from the
strikers' headquarters. It was said
that one local branch of the United
Teamsters' Union had passed a resolu
tion to refus'e all dispossess business
and that others would soon follow.
The Anti-High Rent League now
claims to have organized the occupants
of over one thousand houses and to
have secured reductions so far for 250
tenants. More than 6000 families have
signed the aemand for lower rent and
as the collectors attempt to collect the
regular rent, these families will refuse
to pay more than SO per cent of the
amount demanded.
Reforms Wanted by Doctors.
PITTSBURG, Pa., Jan. 2. A council of
presidents of leading colleges and of med
ical men met today at Carnegie Institute
to consider two questions to be brought
before the American Academy of Medi
cine in June at Chicago. The propositions
are that only six instead of eight years
be devoted to the college and medical
courses combined and that a uniform ex
amination for medical license be provided
in all states, a doctor who has passed
one examination being admitted in any
state.
Milwaukee. Factions Agree.
CHICAGO, Jan. 2. Indications to
night point to a speedy settlement of
the differences involving the Chicago
& Milwaukee Electric Railroad Com
pany. An agreement was signed at
midnight providing for a vacation of
the receivership tomorrow.
Kc T
HEW CHIEF CHOSEN
Captain Pillsbury to Succeed
Admiral Brownson.
WILL AWAIT CONFIRMATION
Commander of Dynamite Cruiser in
Spanish War and Evans' Former
Chief or Staff Will Head
Navigation Bureau.
WASHINGTON, Jan. 2. Captain John
Elliott, Pittsburg, was today selected for
Chief of the Bureau of Navigation, Navy
Department, after a conference held by
the President with him and Secretary
Metcalf. The selection is at best only
temporary, unless tlie President should
decide again to commission a retired of
ficer as chief of the bureau. Captain
Pillsbury must retire on account of age
December 15 next.
Mr. Metcalf announced this afternoon
that Captain Pillsbury would not assume
the duties as Chief of the Bureau of
Navigation until he lias been confirmed
by the Senate. His nomination is ex
pected to be sent to the Senate when it
reassembles Monday. There were no
candidates for the position in the sense
that no applications were made for the
appointment.
Captain Pillsbury occupies an excep
tional position in being out of line for
promotion to the grade of rear-admiral,
though in his capacity of chief of the
Bureau of Navigation he will temporarily
enjoy that title. 'inis is owing to the
conditions irnder which he entered the
naval academy and graduated. The be
ginning of the Spanish War found Cap
tain Pillsbury a lieutenant-commander
and, because of his tendency toward high
explosives, he was placed in command of
the dynamite cruiser Vesuvius. He is
familiar with his new duties, having
served as assistant to Admiral Converse
when he was at the head of that bureau.
His last duty before coming to Washing
ton was as chief of staff to Admiral
Evans in command of the Atlantic fleet.
DIFFER ON CURRENCY REFORM
House and Senate Committees
Would Each Present Bill.
WASHINGTON. Jan. 2.-With the ap
proach of the reconvening of Congress,
there is renewed talk of financial legis
lation. The House and Senate com
mittees will both resume sittings on the
subject and it now looks as if there
might be something of a rivalry between
the two committees as to which will
present a bill.
While the House committee is ap
parently inclined to what is known as
an asset currency, the Senate - com
mittee is proceeding on the theory that
only a very limited list of securities
should be accepted for the increased issue
to be provided for in the bill.
So far, there has been no agreement
as to the percentage of increase in vol
ume of the currency, but the inclination
of Senators seems to be to permit as
large an augmentation as the conditions
of the banks Justify.
Senator Bailey expressed the opinion
today that if the bill suggested by Re
publican members reasonally approaches
the demands of the Democrats it will be
permitted to pass without extended op
position. Senator Bailey declined to give
his view of what its character should be.
INCREASE IN CIRCULATION
Nearly $94,000,000 in 1907, Over
$33,000,000 in December.
WASHINGTON, Jan. 2. The monthly
comparative statement of the Controller
of the Currency shows that at the close
of business on December 31, 1907, the total
outstanding circulation was $690,130,895,
which is an Increase for the year of
$93,968,426, and an increase for the month
of $33,912,699. The circulation based on
United States bonds amounted to $643,
459,899, an Increase for the year of $94,
179,815, and an Increase for the month of
$33,303,891. The circulation secured by
lawful money amounted to $46,670,998, a
decrease for the year of $211,389, and an
Increase for the month of $609,803.
The amount of United States bonds on
deposit to secure circulating notes was
$646,783,000, and the amount of bonds on
deposit to secure public deposits was
$296,338,417, as follows: Panama Canal,
$20,519,300; consols of 1930, $36,209,950; cer
tificates of indebtedness, $492,000; 3 per
cents of 190S.1918, $5,065,000; 1 per cents of
1895, $4,99S,50O; state, city and railroad
bonds, $215,984,667; Hawaiian bonds, $2,027,
000; Philippine loans, $8,938,000; Porto
Rico, $780,000.
French Concession on Tariff.
PARIS, Jan. 2. Negotiations for the
conclusion of a definite commercial agree
ment between France and the United
States are now proceeding so satisfac
torily that the French Government, with
out any request on the part of the
United States has extended the life of
the decree which permits Porto Rican
coffee to enter France upon payment
of the minimum rate duty, until Feb
ruary L The pessimism which prevailed
here at the beginning, on account of what
was regarded as disproportinate demands
by the United States has now been suc
ceeded by a belief that an arrangement
satisfactory to both countries will be
reached.
Transplant Vital Organs.
NEW YORK, Jan. 2. Experiments have
been made by the Rockefeller Institute
for Medical Research which have resulted
in the successful transference of vital
organs from one living animal to another.
Cats were used In the experiments and
Alexis Carrel, the experimenter, an-
WEDDING
INVITATIONS
VISITING CARDS.'
AND MONOGRAM STATIONERY.
W. G. SMITH & CO.
Washington Building,
Fourth and Washington Streets.
COFFEE
If tea is comfort, coffee is
comfort and joy; good tea
and good coffee.
Tear truoer rvtnrns Tmr monty it jea
don't lUu BaailttiWa Bosti wo nor blm.
CI
You will find here a full line of Hart Schaffner &
Marx Fine Clothing; Displayed for your inspection
at prices that will surprise you.
15
Of regular price of these Fine Suits, Topcoats, Rain
coats and Overcoats.
1-3 Off
Men's "Peg-Top"
$3.50 Values
Third and Morrison Streets
nounces that he transplanted In mass,
the kidneys of one cat to the body of an
other. Doctors with whom the experi
ments werei discussed said It was not a
far cry from the time when It may be
possible to transplant one of the vital
organs from one animal's body to that
of a human beinp.
The Fashion Center
Entire Corner of Fourth
and Morrison Streets
Mid-W
FINE FURS AT CLEARANCE SALE PRICES
GRAND CLEARANCE FUR SPECIAL
FRIDAY AND SATURDAY We offer about 100 Neckpieces, Ties, Throws and Boas, the latest styles, made
up in mink, Japanese mink, sable, squirrel, Siberian squirrel, brook mink, and many other fashionable furs.
All the very choicest of their kind. Values up to $20.00. YOUR CHOICE FOR ONLY .$7.65
EXTRA SPECIAI $8-$ 1 0 VALUES AT $3.95
Also a large assortment of Neckpieces, Ties and Boas, in brook mink, Siberian squirrel and French Coney. Ele
gantly made and just from OUR FACTORY. Values up to $8.00 and $10.00, for only $3.95
$8 Skirts $3.98
Ladies Walking Skirts ; black, navy, mix
tures and stripes. Values QQ QD
to $8.00 OUitJO
$ 1 2 Waists $5.95
Net, chiffon and silk Evening Waists ; also
few colored silk with lace Or QC
yokes; values to $12.00 OwiUu
Annual
earance
to 33 Off
on all Boys' and Youths' Suits, Rain
coats and Overcoats
Corduroy Trousers, (jJO Rf
- - - - - - p"0J
Rosenblatt
Coinage In December.
WASHINGTON, Jan. 2. The report of
the director of the mint shows that the
coinage executed - at the mints of the
United States in the month of December
amounted to 16,767,T80 as follows: Gold,
J12.929.025; silver. $8,774,770; minor coins.
r na
eeK Hjiearance oaie
GREAT BARGAIN OFFERINGS
That we are holding our annual clearance sale of furs just as the real Win
ter weather has commenced is a fact which will be recognized as most oppor
tune by our regular patrons, and a visit to our fur department will disclose
styles and richness of materials that will prove a revelation to the few who
are not familiar with the famous Silverfield furs. As the average person
knows little about fur quality, it pays them to deal with a house whose
judgment is unquestioned. Our fur experts personally select each pelt for
each garment, which is then made up in our own establishment by skilled
workmen, and after the very newest leading European designs. Our stock
was much larger this year than previously, and the collection we are
showing in this sale is simply another instance of the supremacy of our
store. You can't go through the Winter without furs, and now's the time
to buy, while you can save from 20 to 50 per cent on them. Remember, the
manufacturer always divides profits with you instead of the retailer.
$4 Waists $2.15
Cream and black Albatross Waists, hemstitched
and embroidered front. Values CO 1 E
to $4.00 OZi I J
Millinery
Millinery Reductions At less than one-half off
on good, clean, dressy Hats. See window and
note prices . . .
V JTtW- i rV-r yV'
Lr t ? Vat r -J
Copyright 1907
63.904. In addition 1,643,000 pieces were
coined for the Philippine Islands.
Will Consider Philippine tariff.
WASHINGTON, Jan. 2. Chairman
Payne, of the Committee on Ways and
by Hart Schaffner &? Marx
Coo
Home of tlie Hart Schaffner
& Marx Fine Clothes
Means, will call a meetingr of his com
mittee on Monday or Tuesday to decide
upon a date for hearing on the Philip
pine tariff bill.
RISER CALENDARS 10c CP.
Halfprlce while last. 248 Alder.
The Fashion Center
Entire Corner of Fourth
and Morrison Streets
ecials
$8 Waists $4.85
Black, plaid and light-colored Oil QC
Silk Waists; vals. to $8.00 . . . . OiUJ
Radical Reductions in
All Departments
Great bargain offerings. The usual Silver
field quality in all merchandise.
i