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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Jan. 9, 1908)
TIIE HORNING OREGQXIAN, TITUKSDT, JANUARY 9, 1908. DESGRBES TWO VIEWPOINTS How Aristocrat and Democrat Look -at Questions of -Government. HARD HIT -AT' CORTELYOU afternoon and presented to Mayor HI b bard a set of resolutions, asking- that thp city give them work. .The resolutions, had been, adopted at a mass- meeting he,ld on the Commons. Hibbard "reeei.ved ithe resolutions, but declined request to ad dress the waiting crowd, from" the City Hall steps.' . He said that he wpuld Teply to the men next Tuesday, . . Accuses Government of RpsMifg to Rescue of Banks and Favoring Those of . New , York City Against All Others. CHICAGO, Jan. 8. The standpoints from which the aristocrat and the Demo crat view -society And- Its activities formed the theme of a speech delivered here to night by William J. Bryan at the Jack is on : Day banquet of the" Jefferson Club. Prominent party men from several "West ern states were present the occasion be ,1ns generally regarded as the formal opening of Mr. Bryan's campaign for the Democratic nomination for tle Presidency at the Denver convention next" July. ; Among the other' speakers wore AdJal E. 'Stevenson, ex-vice-president ' of Bloom In pton, HI., .and United States Senator William J. Btone of Missouri. The speakers generally confined themselves fto Issues of the day. Pleas for party harmony were frequent. Previous to the banquet most of the leaders present con ferred with Mr. Bryan. Mr. Bryan said 1h part: Difference in Viewpoint. ' . t The questions which involve a discussion of th relative .sphere of the Nation and the . State bring; out the difference in the point of view of the aristocrat 'and "the democrat The aristocrat wants' to get the governipent as far away from the people as possible; the democrat desires to bring the government as near the -people as pos sible. The aristocrat woufJti eubstltute Na tional remedies for State ones, because predatory wealth can protect itself from National legislation more easily than from t6tate legislation ; the democrat would add the National remedy to the State remedy and thus give to the people the protection .of both the State and Federal frovernments. The labor Question is corsidered from both standpoints. The aristocrat thinks 'only mf the large employers; the democrat of the army of employes and of the gen- ,eral public, which Is Inconvenienced by any disruption of friendly relations between em ployes and employer. The question of imperialism in like man ner presents the difference in viewpoint. The Imperialist thinks more of the exten sion' of commerce than of the preservation of the ideas of self-government, - and he thinks only of the benefits that might come to commerce: the democrat knows that trade purchased at ' the cannon's .mouth costs more, than it. Is worth, and that the cost falls uoon all the people, while the profits accrue to but a. few. Financial Policy Aristocratic.. And bo, whatever question we take up. we find that everything depends upon the point of view from which we examine the question, and there is no better illustration 'of this than can be found In the financial stringency through which 'we are passing.1 'The Republican leaders rushed ,to the res cue of the banks after those banks had brought the stringency upon the country by their unbusinesslike methods. The banks of the rent- of the country were d incrimi nated against In favor of the banks of New .York City, and after the Government had exhausted the loanable surplus in the 'Treasury; it borrowed money -at 3 per cent In order -that It roicht have xnopey to 'loan to the banks for nothing: and the high financiers count It "patriotism to loan out at emergency" rates the treasury money fur nished the'm . without Interest. If the Re publican leaders had szent half as much time In trying to make depositors secure as they have spent in trying to Increase -the profits of the bankers, we should not have had any panic at all. The country Is ripe for the application of Democratic principles to government, and all that is necessary is for the Democratic party to convince the people that It will be truly Democratic, If entrusted with power. "Will the Democratic party be Democratic T Let It convince the public that It will be and we shall have a vic tory which will be fruitful in bjesslnos to very , pari of the country and to every ele ment of our population. Stevenson Sees Good Prospect. Mr. Stevenson - spoke earlier '- in the evening. He said in part: "We enter upon the Presidential contest of 1908 with splendid prospects of success. The prospects are bright ; the omens all . n.utpicious. With' the living issues antag onism to trusts, tariff reform, rigid econ omy in public expenditures, honest meth--oda in all departments of the public service; a proper recognition of the true functions of each separate department of the Gov ernment; a return from hftardoua experi ment In administration to the safe pathway of the fathers with these well to the fore front, the hour of Democratic opportunity has come". To the end that It might prove likewise the hour of Democratic triumph, lot the spirit .of conciliation, of unity, of harmony, be invoked upon all our counsels. VHT DEMOCRATS ARE DIVIDED Judge O'Brien Says Party Often Deserts Its Principles. - KETVT YORK, Jan. 8. Speaking to the topic. "Why is the Democratic Party Di vided? Morgan J. O'Brien. ex-Justice of 'the Appellate Division of the New York Supreme Court, who was the guest of the Democratic National Club tonight, der dared -that, if the causes that hava di vided the Democratic party were sum marized, it would be found "that they have been due to our failure to stand firmly for Democratic principles and to a preference shown by some for popular, shifting, sentiment as contrasted with sound doctrine, and to a preference for men rather than a reverence for party tradition." Grover Cleveland, who was unable to be prefnt. sent his compliments in a letter in which he expressed the conviction that the situation confronting the people had directed their attention more to their relief from conditions that alarmed and startled them than to the empty satisfac tion of partisan supremacy. Kx -Justice O'Brien, after referring in highly complimentary terms to Mr. Cleve land, and by Inference to Alton B. Parker as "an ideal candidate," said: . Whenever the party has stood firmly and unitedly for its principles, - we have never mt with a defeat, and it has only been when the party has been divided ' because of the hope that success would result from fallowing some shifting, popular sentiment or some new and impracticable, reform, that we hare met with overwhelming and de served defeat. To ascertain the cause of Mils, we need but look carefully Into the cttmpaigps that have heen waged and con trast the meu and measures that were suc cessful with the conditions that existed, at the "time of defeat. Saying that he had been Informed that one of those Invited had declined an in vitation to the dinner because the speaker s views on certain public ques tions were opposed to those of Mr. Bryan, Justice O'Brien said that it was just such intolerance that had been the greatest stumbling block to the success .of the Democratic party. LABOR BJEN CONDEMN . TAFT Call Him ArcbEnemy ot Xtkbor, - Exr ponent of Capitalism. M , CONCORD. N-. H.. Jan. B.-Otoposititfn to Secretary William H. Taft as a Presiden- dial candidate was embodied in a state ment issued -today by the executive com mittee of the state branch of the Amer-, lean Federation. of Labor, The statement says in part: "We, the executive committee of " the New Hampshire branch of the American Federation of Labor,. In . sentiment and sympathy with union members f all poj litlcal parties in this country, hereby de-' clare ourselves unalterably opposed to the nomination of William H. Taft, Secretary of Wary for-the Presidency; that we rec ognize In him,, through- his public- utter ances and Judicial decision a and opinions the arch enemy of organized Jabor; that he Is the Instrument and exponent of cap italistic power; that the wrijt of injunction, which he upholds, never was Intended and' never should be permitted to deprive hon est industry of its personal rights; that we object to his methods of campaigning as any one man's man, however exalted 'and Influential may be his master, or wide spread his own support and endeavor; and that we are determinedly and irrevocably opposed to his candidacy." CURRENCY BILL FOR THE HOUSE Fowler Proposes Entirely New System of Bank Cir-'-. : , - culation. '. ANXIOUS TO INDORSE BRYAN Washington State Central Committee Pledges jtself Quickly: . TACOMA", Wash., Jan. 8. (Special.) The Democratic State. Central Committee this afternoon unanimously passed a res olution indorsing: the candidacy of Will lam J. Bryan for the Presidency of the United States. But before this was ac complished an attempt was made to postpone such indorsement until the meet ing; of the state convention in Spokane. May 18. It might later develop that the Nebraskan would not be the logical can didate, depending upon who the Repub lican National convention , nominated. Others contended that the various coun ties of the state should first indicate their choicp of a Democratic National candi date . and that such sentiment could be reflected when the delegates came to the state convention at Spokane. Two conventions will be held, the sec ond some time In August, and . probably In Tacoma. After the committee Ad journed Dr. P. 9. Byrne, of Spokane, an nounced his candidacy for Governor. OKL.4HOMi! STRONX5 FOR TAFT State , Republican "Committee In dorses Secretary. OKLAHOMA City, Okla., Jan. 8. A spe cial from Guthrie -says the Republican State Committee,' in session there today,. Indorsed Secretary Taft for President; A can for a delegate convention to consist of 640 delegates and to meet at Okla homa City on March 11, to select delegates to the National convention at Chicago, was agreed upon. After Secretary Taft's name was pro posed for indorsement, a prolonged dem onstration resulted. BRYAN'S . . STATE IS FOR , TAFT Republican State Committeei "Calls Convention for March 12. LINCOLN, Neb., Jan. 8. After an ex tended meeting tonight, the Republican State Central Committee selected Omaha, Match 12, as- the place and date for hold ing the state convention' for the selec tion of delegates to the National Con-' vention, and passed, with but one dis senting vote, a resolution' declaring . W. H. Taft to be the choice of the' commit tee for the Presidential nomination, and adopted a modified form of a state-wide primary expression on Presidential nominee. I IN ACT -i- CAPTURED AFTER BLOWING TP SAFE IN NEVADA. Had Secured $850 and Ready to Try for Strong Box Con- . talnlng $5000. . , SEARCHLIGHT, Nev., Jan. 8. Caught in the act ot Blowing open the safe of the Brown-Gosney Company's store at 2:30 o'clock this morning, William McVey, Thomas Nolan, and William Kellogg, the latter two miners from Goldtield, engaged in- a running pistol fight with Deputy Otto Bodie and John Conault, .employes of the stoVe. The men were' traced-to a room in the Star' lodging-house. The officers forced open the door of the room and found all three pris oners fully dressed, pretending drunk enness. A search of the room revealed a complete outfit of burglars' tools, files, cold-chisels and a bottle of nitro glycerine. When caught, the robbers had al ready blown open the outer door of the safe and secured tsoO, and were pre paring to blow open the door of the strong-box, whioh contained more than J5000. Of the stolen money, 345 n bee'h recovered. Boston Socialists Demand Work. BOSTON. Jan. 8. Moses I. Swift, mem ber of the Socialist Labor party, led 300 unemployed men to the City Hall this THE DAY'S DEATH RECORD Captain Daniel ' Ellis, Union Scout. NASHVILLE, Jan. 8. Captain Daniel Kills, the celebrated Unlqn scout of East Tennessee, Is dead at his. home near Elizabethton, aged 79.- During .the Civil War the Confederacy set u price on his head. General Horace B. Sargcant. SANTA BARBARA, Cat., Jan.- 8. General Horace Bftiney Sergeant, a Civil War veteran, died today at the home of his son-in-law,-Rear-Admiral Bowman H. McCalla. Powers Asks for-Pardon Petition. LEXINGTON. .Kyi.' Jai). ' 8. A state ment to the" public was issused by Caleb Powers' -today, in which'.ne asks the peo ple to sign; a, petition to Qovernor Will son for a pardon. A 'committee com posed of four Democrats -and three Re publicans has charge of the petition. SECURED BY BANKS' ASSETS Lowest Copper Dividend. NEW YORK. Jan. 8. The Tennessee Copper Company today declared a semi annual dividend of $1.25, per share. For the previous six months the' dividend was $2 per share. . . v . Governor Boies Recovering- EL PASO. Tex... Jan. 8. Ex-Governor Horace Boles, who has been 111 with pneumonia aft a hospital here, is1 now re garded as completely out of danger If no relapse occurs. He sat up a short time today. Banks to Deposit Money With Gov ernment to Guarantee Both Notes - and Deposits Time Is Ripe tot Needed ' Reform. WASHINGTON, Jan. ' 8. The sub-com mittee of the House committee on bank ing and currency, to which was entrust ed the framing of a bill to increase the elasticity' of the currency, reached a con clusion today and will, report favorably to the full committee a bill drawn in the main. by. Chairman Fowler, of the com mittee. The bill will be introduced by Fowler and referred to' his committee, where it will form" the working basis for the framing of a bill of possibly the same scope and tenor. . - . . The bill provides for the complete re-. tireraent- of all outstanding National bank bond-secured currency and au thorises In lieu .thereof a currency based upon general' assets of the banks,' to. be worked out in this wav: The Controller of. the' - Currency will designate throughout the country certain redemption cities, so that there shall ' be a - redemption city within at least - 24 hours' reach of every National bank. The National banks will indicate to the Con troller of the Currency to what redemp tion city they wish . to be joined. The Controller will then select a . time and place within each redemption district for the- organizing of Wiaf district in the fal lowing manner: Issue Notes With Guarantee. -' . Each National bank In that district. regardless of its capital stock, will be enimea to one vote, .Representatives of the 'banks will meet at a time and place designated and elect a board' of managers to consist of seven members. The seven will elect a chairman, who will become a Deputy Controller of the Currency and assume control of his redemption dis trict, except that he shall not have charge of the enforcement of the criminal statutes. Each National bank is authorized to present to the- 'Secretary of' the Treasury National banknotes and lawful money in .lieu of other National bank bond-secured Outstanding notes. Then, It the bank's application therefor Is indorsed by the board of managers of the redemption dis trict to which, it belongs; the bank, will receive guaranteed credit notes to the amount of its -capital stock. These notes will be subject to a tax of 2 per cent per annum. Each bank will be required to deposit as a guarantee fund with the Treasurer of the United States 6 per cent of its average deposits for the preceding 12 months and S per cent of the 'credit notes which it takes out. ' The revenue, thus ' obtained is to create and support -a National guarantee fund of $300,000,000 for the guarantee of both the deposits and the outstanding banknotes of every Na tional bank. Eighty per cent of this fund is to be invested in United States bonds drawing 2'per cent Interest, while the re maining 20 per cent is to be deposited in banks . of the Various -redemption cities for the purpose rof .redeeming, the guar anteed . credit, notes of the banks of the various redemption districts. . . ... Bonds in Guarantee Fund. When the National guarantee fund reaches J25.000.000, which would be al most simultaneous with the birth of the new law, the Government is required to return to the banks the Uiiited States bonds now held as security for Federal deposits, the object being to enable the banks to get control of the bonds, so that the Government can Invest the 80 per cent of the guarantee fund In 2 per cent bonds and regain control. In . buying those bonds the banks holding them shall be. paid their original purchase price, pro viding their exact purchase price can be proven. It is Fowler's idea, as embodied in the blll, to have the, new credit notes printed on a green background in differentiation from the yellow background of the gold notes and white background of the silver certificates. Needed Reforms In Currency. Fowler today made the following state ment regarding the financial situation: We sre today with regard to our finan cial and currency practices - Just where we were in- 3896 with regard to the standard 'of values, and to decide now to make all kinds of bonds the basis of currency would be Just as serious and fatal a mistake as to have adopted silver then as our standard of value. The time Is ripe, the : circum stances are auspicious and a careful- inves tigation of all the facts and conditions justifies the conclusion that Congress can and . should legislate so as to bring about , these results: .- First, a uniform banking system. Second, uniform bank- reserves, consisting of gold issue or its eaulvalent. Third, a simple and scientific monetary system, consisting of only three forms of currency gold for our bank reserves, bank credit notes redeemable In gold for the larger bills, and silver for the smaller bills and subsidiary coins. Fourth, a currency automatically adjust ing Itself to -the . demands of trade, never xoo great, never too small, but always Just adequate to our requirements. Fifth, equal and absolute protection in all National banks, by placing. In the United states Treasury a guarantee fund which by January, 1909, ought to approximate (oOO, 000,000, Sixth, the establishment of certain . rigid rules and regulation whereby the financial operations of the Treasury shall be. so con ducted that the Government' will cease to be a disturbing -factor . In our trade and commerce. . if BOTH MAKE CONCESSIONS IiANDLORDS AND TENANTS BOTH . AFRAID TO FIGHT. Marshals Avoid Serving Eviction No tices and Compromises Are ' Many In Rent Strike. NEW TORK, Jan. 8. The gloom among the rent-strikers was turned to Joy when the large number, of evictions threatened by the landlords seemed to dwindle, ma terially. It was difficult to get marshals to handle those that were, issued. They said they were busy with other things. ' Many landlords, too. settled with their tenants rather than pay the cost of their eviction, and many tenants, frightened by the action of the oourt, agreed to accent smaller reductions than those first de manded. Many cases were compromised in this way. In other cases tenants paid up -the"' full amount demanded, but these Wash Goods Half Odd" and broken 'lines in mad ras," zephyr ginghams and. dress linens. Good lengths but sold down to " odd pieces. Your choice. ... ...... .1 ..... .. .HALF SCOTCH GINGHAMS Our best- quality that sells regular ly at 30c the yard. Extra spe cial for -Clearance 91 Sale ...:....AC &Haa)sBMBV Large ApronsS 7c Made in Mother Hubbard Btyles, of blue and white checked gingham. Have large bretelles oyer shoulders, pock ets and strings. Something, every housekeeper has constant use for. Regular 75c ey quality, today only.. OC 30th Aimua earanc 'M. ; .. IWt Clearance Sale Linens The greatest expectations cf the bargain-seekers have been met yes, exceeded in the linen clearance. Best qualities are bargainized in a manner quite extraordi. nary. Plentiful quantities insure ample choice. New specials brought forth daily bring back the wise shop pers that came the first day of the sale. Read on: DOUBLE DAMASK PATTERN II CLOTHS With one dozen napkins to match. Three different sizes, sharply nnderpriced. Size 2x2 yards selling regularly at $20.00 ..:..$17&0 With cloth 2x2 Vi yards, regularly worth $21.50 and $23.00, two grades. Clearance price $18.95 and.'. . With cloth 2x3 yards, 2 grades of fered, regularly priced at $23.00 : and $24.00. Clearance price $20.30 and ..'........$21.50 $20.50 RICHARD SON'S FAMOUS - TABLE DAMASK In cream or full bleached; 2 yards wide, regr. larly. worth $1.50 the 10 yard, special today. . . .P 1 0 Two yards wide, regularly worth $1.1Q . the yard; bleached . 'TO only, special O t LINTNE SHEETS Made without out seams -down center; of a fine . grade hard twisted yarn ; full size, 81x90 inches. Clearance QC price, special ............ WEAR WELL SHEETS 2x212 yards, special ....... 70c WEAR WELL SHEETS 7C 2i4x?ya yards, special...... C NAPKINS. 3 lots' at special prices. Th regu lar $5.00 grades on sale today at per dozen ........... $4.25 NAPKINS Regularly worth $4.50 the dozen, today's price,. .$3.95 The regular $2.75 qual- . - ity, special $2.15 HUCK TOWELS In plain hemmed or hemstitched designs. OO Regular 40o values OOC Regular 50c values '. 39 HANDKERCHIEF LINEN Very eheer. Regularly $3.00 the yard special today ..$1.98 DOILIES In hand embroidered and' scalloped designs. Richard son's linen, spoia HALF PRICE. IRISH LINEN TOWELING 18 inches wide, 5000 yards on 1 f sale, at the yard, only xUC Women's 50c Union Suits at 24c A strikingly good bargain on a very popular garment. Made of good quality ' yarn, in a Derby rib. In this lot, we also includt several dozen pairs of women's' Swiss rib pants. These are also a regular 60c quality. For today only, your choice of either pants or union suits........ fc" C Child s Cashmere Hose $2.75 Underwear, 98c Women 's silk and lisle Vests in Swiss rib ; colors pink, blue and white. They are exquisitely finished, high-grade- garments that are regularly worth up to $2.75 each. , OO. Special for today ivOC $3.50 Veils at $1.29 . Over-drape and automobile Veils in a goodly assortment. Not all $3.50 values, but many are worth that sum. An odd lot we want to sell and sell quickly, therefore, they .are decidedly underpriced. C 1 O Q Choice today ......... .P 1 Misses' or boys' Hose in cotton or cashmere. Many sizes and splendid grades are featured, in fact, the real values run as high as 50c the pair. Your choice for today, I 7 only I. C Neckwear Worth to 75c Stock Collars, Jabots, Turnovers, etc. A stupendous assortment of quali ties worth to 75c each. These, too, are smartly reduced for today, and the price is f ni. !.:. . lV2c Clearance of Lace Curtains LACE CURTAINS -In Brussels and Renaissance effects. Four lots bar gainized : Regular $3.00 values ..... .$1 .95 . Regular $3.25 values $2.15 Regular $3.50 values $2.35 Regular $4.00 values ..$2.75 . SPECIAL SALE OF BEDS Brass trimmed, in neat designs, head 66 inches high foot 41 inches; or full-size; iJQ QC '.$11. values ;P0.57il Substantial Iron Beds, in .white ' enamel, head 45 inches, foot 33 inches, full or size;. dJO "TC $3.50 values .P $16,50 :.IR0N BEDS Handsomely enameled 'iijpii bed with brass top . rail and brass fillings. 'Head 60 inches high" and- foot 41 inches. Massive beds that make a very handsome appearance and sell regu larly for $16.50. . (tlO C pl each special tjJIJtOU WHTTE BLANKET S Special Clearance Sale prices : $4.50 values, the pair .....S3. 75 $5.00 values, the pair ....... $3. 98 $6.00 values, the pair ...... .$4.45 $7.00 values, the pair .$5.75 $9.50 values; the pair $6.35 Wrappers Worth to $2.50 49cEach On Sale at A final clean-up on women's Flan nelette Wrappers in sizes 32, 34' and 36 only. If you are medium size or belov it, here is your chance to save greatly. 1. They are made of fleeced flannelette, in striped or figured designs. A good range of colorings, arid they are colors that wash well, too. '. Let small womeq be prompt ta share in these values. Regularly worth to $2.50. each WOMEN'S EIDERDOWN DRESS ING S A C Q U E S Jat, comfy, cozy. They are in pink only, and two grades are featured for Thurs day. All sizes are concerned. They are well made, neatly finished, and the material is a soft eider- - down of good ' weight. . Regular ' $1.50 -and $1.75 grades, now. :.'.79 and the regular $1.25 qual- : AQ ity,! special today T'ivC Fancy China 100 STYLES AND SHAPES GOOD SPECIALS Sugars and Creams, regularly 35 the pair; clearance sale orj special, the pair...... sfcilC 40c values, the pair 25 50c values) the pair ,.30 65c "values, the pair .40 $1.00 values, the pair 60 '$1.25 values, the pair 75? CUPS AND SAUCERS 100 . styles and shapes to select from. From -dozen to 3 dozen of a kind. Regular $10.50 the' dozen, sale price .....'..$6.30 $11.00 values, sale price.. $6.55 $12.00 values, sale price. .$7.25 $16.50 values, sale' price. .$9.90 $33.00 values, the dozen $19.80 $36.00 values, the dozen $21.60 CUSTARD CUPS Regularly $3.25 dozen, sale price $1.63 CAKE PLATES 35c values, sale price, each...!. ....20 45c'values, sale price ..... .27 60c values, sale price.. 35? Rainier Soap A'famous toilet soap at a wee price for today. The well-known Rai- . nier Mineral Soap for toilet or kitchen, regularly sold: at 10c a cake. riosninpA cqIa nnpA. fl Of1 . . . -r the dozen or, per cake TOILET PAPER In. rolls. Fine tissue. Regularly worth t'c the roll, special .............. .JC WHITE WAX PAPER--For wrap ping lunches, -'cake,, sandwiches, etc.. ' 24 sheets in a roll,' special- A per roll SHELF PAPER With fancy edges. All colors. 10c quality, special .-. PETROLEUM JELLY OR VASE LINE 'In llb. jars. Regu- -J fk ' larly 19c each, special . HAND SCRUB BRUSHES With, wood backs. Regularly 10c C each, special today C cases were few. anrt In most instances it was tlia landlords who yielded. Thirty six settlements were reported at Socialist headquarters. The concessions in these cases varied from 50 cents to J2. Many of the " strikers, anticipating the service 'of dispossess warrants), moved td- day Into the Brownsville section of Brooki lyn, which Is largely populated by Jews. General Disinherits Son. . VICTORIA. B. C, Jan. 8. News was received from Japan that Viscount Gen eral Jtlshi. who recently returned from the United States' and Europe," has begun proceedings in a Toklo court to dis inherit his son; Lieutenant Nishi. who was placed on the Army reserve list dur ing his father's absence for omission of duty. Declare Usual Dividend. NEW YORK. Jan. 8. Directors af th Northern Pacific Kallroad declared a quarterly dividend of 1 per cent on th common stock. T-his is unchanged fron the last previous quarter.