Morning Oregonian., January 04, 1908, Page 7, Image 7

THE MORXIXG OREGONIA3f, "SATTJRDAT, JANUARY 4, 1908.
WILDE THREATENS
TO
ABANDON
Li
Will Leave Oregon Bank to Its
Fate Unless United Sen
timent Is Shown.
REORGANIZATION MAY FAIL
District Attorney .Manning to Inves
tigate Transactions of Oregon
Trust & Savings Bank De
positors to Meet.
That he will abandon the entire plan for
the merger of the German-American Bank
and Oregon Trust & Savings Bank un
less a united sentiment in favor of the
movement is shown, is the declaration of
I,ouis J. Wilde. Mr. Wilde asserts that
the time has come for depositors to unite
in supporting the consolidation and thus
enable tile defunct Oregon Trust to pay
out in full, and unless there is more evi
dence of this sentiment within the next
4 hours, he threatens to leave the bank
to its fate.
Tills call to the depositors and general
public to rally to the support of the plan
to redeem all pledges of the closed bank
was the chief development In connection
with the Institution yesterday. The an
swer to Mr. Wilde's request for harmony
will probably come at a general meeting
of the depositors that has-been called to
take place at the Armory tomorrow aft
ernoon, at 2:30 o'clock. At this gather
ing, S. G. Reed, who is to become the
president of the merged institutions, and
Receiver Devlin will explain the plan of
consolidation. It is believed that the
depositors will pass resolutions heartily
indorsing tile movement, for it is de
clared by all" who are In direct connection
with the bank's affairs that therein lies
the only solution by which claimants will
receive their money in full.
The call for the depositors' meeting at
the Armory was issued by B. E. Clem
ents, one of their number, and without
consultation with John L. Day and A.
Richmond, president and secretary of the
Depositors' Association.
The breach between Day and Richmond
and the men carrying on the consolida
tion was widened yesterday and resulted
In several unpleasant incidents at the
hank. W. H. Moore declares that Day
demanded of him $5000 each for himself
and Richmond in return for their work
toward the reopening.
Based on the statement of Moore that
Day and Richmond were looking out for
their own interests and not the welfare
of the depositors. Day yesterday applied
to District Attorney Manning for a war
rant for the arrest of Mr. Moore for
criminal libel. Mr. Manning advised Mr.
Day to consult an attorney in the mat
ter, and the head of the Depositors' As
sociation declares that he will yet effect
Mr Moore's arrest.
District Attorney to Investigate.
District Attorney Manning yesterday
repeated his announcement that he in
tends to make a complete investigation
of the transactions .leading up to the
closing of the Oregon Trust. He says
that when the accountants now working
at the bank of the Title Guarantee &
Trust Company have completed their du
ties there he will transfer them to the
Institution at Sixth and Washington
streets. He emphatically declares that he
will do nothing to interfere with the con
solidation scheme, and Mr. Moore says
that he invites the District Attorney to
turn the searchlight on all dealings of
the closed bank.
The men directly connected with the
reorganization plan, Messrs. Reed. Dev
lin, Wilde and Moore, all declared yes
terday that nothing can keep the plan
from being a success if it Is backed up
by the depositors. The corps of clerks
at the bank are working steadily compil
ing the statement that Is to accompany
the petition to be filed in court, and al
though it is an enormous task, hope to
complete it in less than a week. Mr.
Reed and Mr. Devlin both assert that if
no unexpected delays arise, the merger
should be complete and the expanded
German-American Bank open for busi
ness by February 1.
Much Importance is placed on the meet
ing of the depositors to be held tomor
row and it Is desired that there be a
large attendance. The consolidation plan
will be explained In detail and it is be
lieved that resolutions indorsing It will
be adopted, if this Is done, the petition
to the court will be made at the earliest
possible moment. In case the depositors
should not favor the plan. It Is proba
ble, especially In view of Mr. Wilde's
statement, that It will be abandoned and
the institution go through the receiver
ship. Question tor Depositors.
"The question of absorption of the
Oregon Trust by the .German-American
Is simply the question of whether
the depositors In the closed bank get
dollar for dollar or a fraction of that
amount." said Mr. Wilde. "If the de
positors and public want to take the
advice of two people unknown and
without standing, instead of accepting
the plan of those who mean to see tho
hank pay out in full, then I shall step
down and out. Every banker and busi
ness man In the city knows that this
Is the only possible plan.
"I have made a groat sacrifice for
the sake of this bank and I shall take
pride in seeing the 16,000 depositors
get their money. But if so much at
tention Is to be paid to Irresponsible
people who are working for their own
Interests. I am. going to turn over my
certificates of deposit to the attorneys
of the several , telephone companies,
and withdraw from it altogether."
President Day and Secretary Rich
mond deny that they had asked Mr.
Moore for $10,000 for their services.
Mr. Moore says this was the cause of
the break between him and the two of
ficials of the depositors' association and
also says that lie has paid tnem out of
his own pocket for their work toward
the reorganization. Mr. Day last night
made the following statement and Mr.
Richmond expressed himself in much
the same way:
Secretary Day's Statement.
My attltudfl in the matter of reorgamra
tlon of the Oregon Trust A Savings Bank
has always been: Get the depositors their
money and then see that the man or men
guilty of wrecking the bank are punished.
I ask the depositors to remember that the
man who aocuaes m pledged himself to
return the money which they deposited In
the bsnk of which he was president.
He broke faith then and asks you to trust
him now. I will have htm arrested. He will
be tried for criminal libel and the truth
will then come out. For the present I de
sir to hold my peace so that your Interests
may be protected. I told you on the night
you elected mre your president that I was
your servant sleeted only to do your bidding
and I stand so today. Respectfully yours.
JOHN I- DAT,
President Depositors' Association.
The charge that Day . and Richmond
had been looking out for themselves,
rather than the depositors, led to a list
tight in the bank yesterday morning be
tween Day and George Jabour. a heavy
dooositor. Jabour accused Day of treach
ery to the depositors and the two men.
came to blows, but were soon separated
by those present.
"1 desire as many depositors as possi
ble to be present at the meeting to
morrow. ' said Mr. Reed last night. "Mr.
Devlin and I shall explain the consolida
tion plan, and we want to see Just what
they think of it. If they approve it. I see
no reason why the bank cannot be trans
acting business by the close of the month,
provided the court grants our petition
without much delay."
PLANS BENEVOLENT WORK
Rodney-Avenue Christian Church
Organizes a New League.
F. Elmo Robinson, pastor of the Rod
ney Avenue Christian Church, has ac
cepted a unanimous call to serve the.
church another year. Mr. Robinson closed
his second year's work with this congre
gation January 1.
The reports at the annual meeting of
the congregation held this week indicate
that the past year has been the most
prosperous In the history of this church.
The pastor reported 75 additions to the
membership and eight yet to be baptized,
which would make 83 additions and a net
gain of 68 members during the year.
Since the coming of Mr. Robinson two
years ago, the Rodney-avenue church has
doubled its membership, paid off its debt,
become a self-supporting congregation.
Increased the pastor's salary J200 a year,
made Important Improvements on the
building, and called an efficient pastoral
helper to meet the need of this rapidly
growing congregation for additional
workers.
Among the many Important changes in
the methods of church work inaugurated
by this congregation perhaps the most
unique Is the recent banding together of
many of the members for systematic
benevolent work in the community. The
organization is very simple. It will be
known as the Good Samaritan League of
the Rodney-Avenue Christian Church. It
is not a secret organization, nor are its
services to be confined to its members.
Its aim is to render assistance t) the
needy In its community. A small annual
fee will be required from the members
to create a fund from which to draw to
help any whose condition seems to de
mand financial aid. Its great purpose,
however, will be to help the needy to
help themselves.
Weekly meetings will be held. Follow
ing a half hour of prayer and Bible study,
reports of mercy and help work done, will
be given by the members. Then reports
concerning work yet to be done among
the sick or distressed will be called for.
The service will be closed with prayer
for these needy ones and the members
will go forth to do the work assigned to
them.
MORE TROUBLE FOR PUTER
Thought to Have State Indictment
Hanging Over Him.
SALEM, Or., Jan. 3. (Special.) It is
generally understood in Salem that an in
dictment is hanging over S. A. D. Puter
in the Circuit Court for Marlon County.
Nothing definite is known upon that
point, for the officials refuse to talk, but
it is known that Tuter was the leader in
the state land frauds and it was he who
was first caught in a trap laid by State
xand Agent Oswald West and Clerk of
the Land Board G. G. Brown. .The trans
actions of the Tuter mix were investi
gated, and it is assumed that indictments
were found, but the prosecutions delayed
because the Federal authorities had
charge of the defendant. .Now that Pu
ter has been pardoned and will be set
free by the Government, it is( expected
that the state authorities will 'press the
state charge against him.
Bank Fixtures Come.
ROSEBURG, Jan. 3. (Special.) The fix
tures for the Roseburg National Bank,
which have been delayed in transit, from
the East, have arrived and are today
being installed. It is the purpose of the
new bank to open up for .business on Mon
day, January 6. The new bank starts
out under the most favorable circum
stances, capitalized at JoO.000 and officered
by Judge J. W. Hamilton, president;
Napeoleon Rice, first vice-president; J.
F. Parker, second vice-president; A. C.
Marsters, cashier, and W. T. Wright, as
sistant cashier.
GOMES TO LOCATE
Francis B. Clarke Arrives in
Portland.
C
STORE CLOSED ON SATURDAY AT SIX O'CLOCK
RUSH WORK ON THE ROAD
Expected That North Bank Will Be
Hauling Freight Into Portland
by February 1 Peil Is to Be
President Clarke's Assistant.
SEATTLE, Wash., Jan. 3. (Special.)
F. A. Peil, for years assistant in Presi
dent Louis W. Hill s office at St. Paul,
will be named as assistant to President
Francis B. Clarke, of the Seattle & Port
land. For the next month he will per
form the duties of assistant to the
president until the needs of the new rail
road are known.
President Clarke; and Charles M. Levy,
third vice-president of the Northern Pa
cific, held a conference today on the af
fairs of the North Bank line prior to Mr.
Clarke's leaving for Portland for the pur
pose . of completing the organization of
the new road.
"The Portland & Seattle will be hauling
freight into Portland by way of the
Kalama Ferry by February 1," said Mr.
Levy today. "The bridge across the river
at Vancouver will not be finished before
June 1. There has been a large falling
off in business during the last two
months, but the outlook is far from dis
couraging. Compared wi.th the rush of
last year, traffic will be quiet, but we can
handle it easily and more satisfactorily.
We shall go a little slower for a few
months, but there is no reason for gloom
at the outlook."
L. C. 'Gilman, western counsel for the
Northern 'Pacific and vice-president of
the new road, says he will not be directly
connected with the legal department of
the Portland & Seattle.
Francis B. Clarke, the new president of
the North Bank Road, and his assistant,
F. A. Peil, arrived in Portland from Ta
coma last night, and are staying tem
porarily at the Portland Hotel. Mr.
Clarke was tired last night and retired
shortly after arriving.
"I have come to Portland to stay," he
said, :"to make this my home indefinitely.
Tomorrow the officials of both the Se
attle & Portland and Astoria & Columbia
roads will be here, and then we will de
cide many important things definitely that
for a long time have necessarily been in
the air.
"The first thing we will do, however, is
to select permanent -offices. Both roads,
you understand, will be in the same set
of offices.
"More than this I cannot say until after
the others arrive."
When asked concerning the financial
outlook Mr. Clarke said:
"Concerning things in New York, I do
not know well enough to speak, as every
minute of my time has been given up to
work in connection with the North Bank.
But in St. Paul and Minneapolis things
are fine. One would hardly know that
there was financial trouble elsewhere.
These two cities have stood at the head
of the list in financial circles, I under
stand, as feeling the recent freeze-up less
than any other in the country. I notice
marked signs of the resumption of nor
mal business conditions all over the
Northwest where I have been recently.
I am very glad that things came out. so
well as they have here in Portland. As
the terminus of the North Bank Road
a great deal of new business is soon to
come here, more than the people here
perhaps fully realize just now. We are
driving the road through just as fast as
possible, and it will soon be in good shape,
ready for through business. And you
know what that means to Portland."
GREAT CLEARANCE SALE EVERY ARTICLE 51 REDUCED
SPECIALS FOR TODAY
Thrifty shoppers should not fail to take advantage of the attractive specials which we offer for today's
selling and also the exceptional bargains contributed by every department to the Great Clearance Sale. Spe
cials quoted for today only are subject to delivery at our earliest convenience and for which mail, telephone
'. or c. o. d. orders will not be accepted. No exchanges.
Unite for Good Roads.
TACOMA, Wash., Jan. 3. (Specials
County ' Commissioners throughout the
state will meet in Tacoma February 11
to discuss the formation of a state or
ganization. One of the principal objects
of the organization, if formed, will be
to push the movement for good roads.
BITES OFF AN EAR IN FIGHT
French Sailors in Altercation on
Board Ship Berangere.
TACOMA, Wash.. Jan. 8. (Special.)
Charged with biting his shipmate's
ear off, Louis Loncien, a sailor on the
French ship Berangere, -was arrested
by Deputy Marshal Statter. Sayez
Toes, a sailor, was also taken into
custody. Sayez Yoes and Pierre Fara
neaux quarreled and the former want
ed revenge. Faraneaux Is larger than
Yoes. so the latter brought about a
DINING CHAIR
SPECIALS
A selection of four patterns from
our line of low-priced Dining
Chairs in the golden oak with
brace arms and scroll design
back-panels. Exceptionally good
values at today's special prices.
$1.10 Dining Chairs with cane
seats; special
$1.35 Dining Chairs with embossed or cane seats;
special '. ' ..... .-.$1.00
$1.60 Dining Chairs with cane seats; special. .$1.15
$1.75 Dining Chairs with cane seats; special. .1.30
CENTER TABLES
SPECIAL
$2.95
This heavy and well-proportioned
Pedestal design
in the polished and quarter-sawed
golden oak fin
ish suitable for center or
card table thirty inches
high and has twenty-four-inch
top. Sells regularly
for $9.00.
" . ' $
AN.
!
COUCH COVERS, special $1.45 each
In the Drapery Department today a sale of Fringed and Reversi
ble Conch Covers in Oriental stripe patterns and ccloringa regular
$2.75 values,, at the above special.
CURTAIN MATERIALS
Today in the Drapery Department Sixth Floor
a special selling of Curtain Materials plain and
figured Nets, Madras, Silkoline, etc. "
15c Cluny Edging and Insertion; per yard 9
15c and 20c quality Silkoline, also Figured Lawn;
per yard . 10
54-inch Arabian Net, regular 50c quality; per yd.30
35c and 40c Curtain Swiss; per yard .25
65c white and colored stripe Swiss; per yard 40
48-inch Madras, regular $1.25 quality; per yard. 75
$1.25 Fish Net, 50 inches wide; per yard 75
$1.25 White Grenadine; per yard. .,. . 75
$5.00 MOHAIR RUGS FOR $2.95
The best bargains we have ever offered in these
beautiful Rugs 24 in. by 48 in. in soft and pleasing
shades of red, green, blue, white, rose and bronze.
Today in the Carpet Department Sixth Floor. -
BASEMENT
SPECIALS
A list of bargain items that will not fail to interest economicarhouse
wives. Today in the Basement Department.
Potato Masher; special ...... 5 i
12-inch Wood Spoon; special. ... 5 ;
No. 1 size Fry Pan; special 10
No. 3 size Fry Pan; special ,15
No. 4 size Fry Pan; special 20s
No. 5 size Fry Pan; special 25 ;
Wood Towel Roller; special 15 i
6-inch Butcher Knife; special. 20
"Jim" Gas Toasters; special 35
, No. 8 Castiron Spider; special.. 40
No. 9 Castiron Spider; special 50?
No. 8 Never-break Spider; special 40
No. 9 Never-break Spider; special. 50
No. 2 Dover Egg Beater; special 40
FEATHER PILLOWS
SPEC $1.5Q PAIR
Regular $2.50 values.
6 pounds to the pair.
BEDDING DZP'T 6TH FLOOR
firoutMtwr
It OOP J
COMPLETE-HOUSE-FURNISHErtS!
AKt routTi
rrm tcms J j
TABLE COVERS
SPECIAL $2.50 EA.
60 inches square, fringed and re
versible. Regular $4.50 values
quarrel between Faraneaux and Lon
cien. A fight followed, and Loncien
finally took Faraneaux's ear between
his teeth. In struggling to free him
self. Faraneaux gave a jerk of his head
and Loncien rose to his feet with th
ear in his mouth.
Italian Committed to Asylum.
EUGENE, Or.. Jan. 3. (Special.) B. .
Venturrini, an Italian of Divide, who for
some time has threatened the lives of his
wife and family, claiming they were not
his own, was taken to the asylum today.
WORLD NQTYET REDEEMED
'JESUS AS TEACHER OF JUDA
ISM" RABBI'S THEME.
ContractsWillSoonBeLetforNewY.M.C.A.BuiIding
Y. M. C. A. BUILDING AS IT WILL APPEAR WHEN COMPLETED.
THE excavation for the new Young
Men's Christian Association building
at Sixth and Taylor streets has been
made and the foundation laid. Bids for
the construction work on the building
will be advertised for by the building
committee not later than February, and
it is probable that the work of putting
up the framework will begin before the
end of next month. General Secretary
Stone said last night that the prices sub
mitted in the bids by.- the various con
struction companies would determine
whether the structure shall be of rein
forced concrete or of steel, the founda
tion being of such a character that
either can be used.
He said that when Architect E. B. Mac
Kauahton and he went East about six
weeks ago they saw a number of ser
viceable Y. M. C. A. buildings of rein
forced concrete, one of these at Dayton,
O., and another at St. Paul, Minn., al
though Secretary Stone admitted that the
largest number of the newer Eastern As
sociation buildings are of steel. On this
trip Mr. MacNaughton and Mr. Stone
went as far as New York.
'I am called up on the . phone many
times a day," said Mx. Stone yesterday,
"and asked when we are to begin putting
up the new building. . We have been
going a little slow, as we expect thereby
to effect a saving but we shall not -delay
the work.
"At the early meetings of the building
committee it was decided that money
could be saved by not letting a blanket
contract for the entire work, so we let
the contract for the excavations, and
then another contract for the cement
work which we needed. After this the
foundation was laid under another con
tract, and this work has all been finished
at a saving, and has been paid for.
"We called for bids on the steel work,
and these came in just after the bank
holidays were declared. Before we
opened the bids one Eastern bidder
offered to reduce the price of his bid
$10,000. We felt that it was not the time
to let bids then because the price of
materials was on the decline, but we do
not expect to wait until they get to bed
jock before we start to build.
"The plans as drawn will for the most
part remain the same. The committee,
however, is now making some decided
changes which will materially improve
the arrangement of the interior of the
building."
Dr. Jonah B. Wise Emphasizes Fact
That Christ's Work Was Move
- ment Within Judaism.
In his address, last night, in Temple
Beth Israel, on "Jesus as a Teacher of
Judaism,' Rabbi Wise emphasized the
fact that the work of Christ was purely
a movement within Judaism, not intended
to go beyond it. He declared that none
would have been more horrified than the
central figure of the gospels had he been
attacked as a non-believer In the religion
of Moses, or one who was endeavoring to
supplement that faith. Continuing, Dr.
Wise said, in part:
The movement be sun by the Nazarene
was a popularization of that carried on by
the higher authorities of the rabbinical
schools who were working: for' the disinte
gration of the priestly hold, the permanence
of the Mosaic law and the working out of
the religion as a universal programme for
the upraising of all mankind. Indeed, about
this time many converts to Judaism are
noted amongt the Romans, mentioned by
Horace and other Latin authors. The main
Institutions of the ancient faith were the
law, the Sabbath and the' belief In God.
Whenever occasion arose Jesus was exam
ined on h1 attitude toward these Institu
tions and his answers -were invariably In ac
cordance with the progressive thought of his
day. In fact, his language Is so often
similar to that of the great teacher HUlel,
who preceded him, that the words may
have been quoted.
Jesus used the rather sententious style of
rabbinic argument common In his- day and
Invariably referred to the Bible or some In
terpretation of a passage therefrom as his
authority, which is an old and well recog
nized method peculiar to the rabbinic
method of argument. Note his explanation
of his attitude toward the Sabbath in the
story of the cornfield. He was a believer In
the Sabbath and In the law. He believed,
as did all plouR Jews of his time, that the
law was Infallible and sacred. He believed
In its divine origin and Its necessary ful
fillment, as did all the people of his race
and faith. He opposed, with hie contem
porary leaders, the Levitical law and hated
the priestly servants of Rome.
In this he was in accord with the rabbis
and teachers of his time. Above all he was a
believer in one God and voiced the great
prayer of the Hebrew that they are com
manded to ay morning and evening: "Hear,
O Israel, the Lord our God the Lord is
one," as the very first of all the command
ments. This phrase is the slogan of the
Jew, his confession of faith. Jesus avowed
his belief in the special and general provi
dence of God and in- the raising of the dead.
These two nrtnciDles were the latest devel
opment In the religion and 'peculiarly the
belief of the Pharisee. Lastly, he must
have himself been a Pharisee. He died with
the first verse of the Twenty-second psalm
on nl Hps which was one of his acts that
was un-Jewlsh, for all good Jews aim to re
cite their confession .of the oneness of God
at death.
So much a non-Christian can see that has
all the marks of facts about1 It In the life
of Joshua Ben Joseph, called Jesus the
Christ. That the men who described his
life gave much of the probable and also
that they beclouded the tale with much of
the impossible, to a Jewish mind, is a fact
that I wish to convey. Through this we Jews
have suffered and been crucified In all the
ages. We are in our own estimation the
Christ people and we have through the
ages, writhing In agonies more long-drawn
out than the ninth hour, cried often, "My
God, my God, why hast thou forsaken me?"
If the kingdom of God is here, as we are
told, then few are of it; and in this world
we feel that we have still our , work be
fore us and that the Christ people must
suffer much before the world is saved.
So we close our review of the life of
Christ and beg to be allowed to believe that
the world is not yet redeemed.
BOY FALLS UPON AN AX
Backbone Severed and Heart Laid
Bare by Blade.
BBLiJNeHAM, Wash.. Jan. 3. Spe
cial.) His heart laid open by the blade
of an az upon which be (ell, 13-year-old
Jacob Melick was instantly killed at his
father's ranch on the Cook road, near
Burlington. The accident is one of the
strangest ever recorded. The blade of
the ax was turned up and the boy, fall
ing backwards upon it, had bis backbone
severed before the steel cut further and
lacerated his vital organs.
The boy and .Is little sister were in the
woods on their father's place, cutting : a
snag, when the tragedy occurred.
FIVE FEET OF RAIN, LIGHT
Montesano Observer Says 190 7
Was Driest Year Since 18 76.
MONTESANO. Wash.. Jan. 3. (Spe
cial.) E. L. Wade, an old pioneer of Che
halls County, and who keeps a record of
the weather of every day, has given out
some interesting figures for the past year.
The total rainfall for the year 1907 was
62.80 inches, the year having the least
rainfall of any year since 1876. Mr. Wade
states that there is less than half the
amount of snow of 30 years ago.
Sealing Schooner in Distress.
VICTORIA, B.. C. Jan. 3. Advices
have been received here of he arrival
of two sealing- schooners, Beatrice L.
Corkum and Edith R. Balcom, at Monte
Video, in distress. The Beatrice It
Corkum had a rough trip south to the
sealing ground, and the cook was
washed overboard and drowned. The
Edith R. Balcom put into the Uruguay
an port for a fresh supply of water.
. ''y
' t - Tbt&apHoi 1 . m.' I A
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PORTLAND, OR.