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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Jan. 30, 1908)
THE MORNING OREGONIAN, THURSDAY, JANUARY 30, 1905. CORTELYOU OVER THE GOALS Senators Don't Like Printed Report on Financial Crisis. DEFENSE OF BOND SALES Secretary Says 1 0 Per Cent of Money Hoarded Denies He Favored New York at Kxpense of .. Other Cities. WASHINGTON, Jan. 29. The Senate was entertained today by a series of ani mated comments on the method adopted hy Secretary of the Treasury Cortelyou In placing before the Senate his reply to t..e resolution calling for notification relative to the operations of the Treasury Depart ment in connection, with the financial dis turbance. The Secretary had had the introductory part of his reply printed, and copies of the pamphlet were on the desks of all Senators, which was declared by Democratic Senators to be without prece dent. Culberson inquired of the Vice-President whether the pamphlet contained all of the Secretary's communications. The Vice-' President sajd he had not examined the report and did not know whether the pamphlet contained all of the message. "I don't recall an instance," said Cul berson, "in which a head of a department of the Government has answered a Sen ate resolution in printed form." .Aldrich remarked that all the repre sentations of the Secretary of the Treas ury are made to the Senate in printed lorm. Pats on Airs of President. Mr. Tillman retorted to this suggestion by declaring: "The Secretary of the Treasury is as suming the airs of a President before he is elected to that office. The President sends his message in this printed foriri, but I have never known a Cabinet officer to assume to do this before." Carter, of Montana, referred to "con stant importunities," that had been heard in the Senate for an immediate answer to the Senate resolution by the Secretary of the Treasury. "Had the Secretary of the Treasury delayed In making this reply," he added, "he would have been criticised. Now, this expeditious method of laying his re ply before the Senate is made a subject for criticism. How in the world could the Secretary of the Treasury have pleased the Senators from South Caro lina and from Texas?" During Carter's remarks, Beveridge In terrupted, saying: "I wish to call attention to the fact that the criticism of the Senator from South Carolina was directed to the 'airs' that the Secretary has assumed." "I want the Secretary to reply in a more moderate manner," replied Tillman, "and in the same manner that has char acterized his predecessors In office. He should send his report here and let us .print it if we think fit. The Senator can not point to a solitary case in which the printing has been done before." Carter and Tillman Give and Take. Carter said he recalled, an instance in the Senate several years ago in which a Cabinet officer had been criticized for sending a document to the Senate in type written form instead of having it written . with a pen. Tillman said there never had been such unaccountable delay in replying to a Senate resolution. "The Secretary," he said, ' nas bten in New York making speeches and now he sends this labored report to us." Carter inquired whether Tillman had rend the report and being told that he had not, declared that the Senator could not tell whether the report was in fact "la bored" or whether tt had been prepared In affluent manner and with special skill. "It may be," he added, "that before the sun goes down the Senator may agree with all the Secretary of the Treasury has to say about this bond Issue." "I ask him," interrupted Tillman, wav ing his hand toward Carter, "whether he undertakes to vindicate the Issue of t.e Panama bonds." Will Decide When He Knows. Carter retorted prompily that the Secre tary had just sent the information con cerning that matter to the Senate and he did not propose to determine that matter until he had an opportunity to consider tlie facts. Tillman declared that the Senator from Montana was partisan in behalf of tue Secretary. "I have not been in any case partisan," retorted Carter, then he added amid gen eral laughter that "all Presidential can didates would acquit him of 'being parti san." - HOW HE CHECKED THE CRISIS Cortelyou Tells at Bond Sales and Government Deposits. WASHINGTON. Jan. 29. In response to a resolution agreed to by the Senate on December 12, 17, the Secretary of the Treasury today transmitted to that body detailed statements concerning the award of Panama bonds and 3 per cent certifi cates, together with recent financial transactions of the Government, and also embodying. Information as to the general state of the Nation's finances during the closing months of 1907, the period over which the recent financial panic extended. Tho report, which is accompanied by a long letter from Mr. Cortelyou to the president of the Senate, em braces a list of depositaries and the amount of mcr.ey placed on deposit therein on various dates: a list of other bnnks with tho amounts of National deposits, and ttie security held there for; statements showing the conditfon of banks on August 22. 1907. and De cember 3. 1907, and tho amount of bank notes outstanding at various periods: lists of banks and individuals who rocetved Panama Canal bonds and lists of those who bid for the bonds without receiving an allotment: and subscriptions of S per cent certificates of Indebtedness; data concerning clearing-house certificates issued during the panic and a budget of circulars, press announcements and correspondence relating- to Government financial transac tions that took place during the period mentioned in the resolutions. Mi. Cortelyou. before analyzing the crisis and setting forth Ms official ac tions In regard to the report, gives a summarv of occurrences tn the United States financial world from the time he assumed charge until " the special report was compiled. He states that business conditions were becoming unsettled when be became financial member of the Cab Inet in March. 1907. Various, stringencies occurred prior to August, which were promptly relieved. A plan of weekly de posits of Government funds In various banks was begun on August 28. By Oc tober 14, these deposits had reached a total of J28.000.000. Deposits In National Banks. In October occurred the stirring events in New York which culminated in the closing of the Knickerbocker .Trust Com pany and the decision of the New York banks to issue clearing-house certificates. The Treasury transferred to National banks within a few days the sum of J35.Oo0.0OO. and transmitted to New-York within three days about J36.00O.O0O in small bills. In New York City alone, the report shows, clearing-house certificates were Issued in excess of $100,000,000. By the middle bf November the Treas ury had met the demand for relief to the extent that the working balance was reduced to approximately J5.000.000. It becoming apparent that no further de posits could safely be made, banks were permitted to substitute bonds suitable for savings bank investments for Govern ment bonds, which were held as security against public deposits. Government bonds were .hus released as additional bank-note circulation. After the issue of Panama bonds and one-year Treasury certificates, the bank-note circulation be gan to increase until it stood on Decem ber 31. J890.130.S95, as against $607,118,742 on October 15. On January 18, 1908,. the issue had reached $695,925,806. "The announcemtn of the issue of the new securities by the Treasury," says Mr. Cortelyou. "marked In some degree the turning point of the-panic. jno iurtner steps were considered necessary, except to continue the deposit of public moneys for a time where they were available and early in December it bcame possible to replenish the cash in tb,e Treasury by the withdrawal of about jb.uoo.oou from National banks In New York City. This was followed on January 22 by another call for $10,000,000 fro New- York banks. This will be followed soon by a call on outside banks, based upon lo cal conditions rather than upon a fixed percentage of their holdings of public money." $296,000,000 In Notes Hoarded. The amount of currency, which disap peared from circulation from the time of suspension of the Knickerbocker Trust Company until confidence was practically restored in December, Is stated as ap proximately $296,000,000. This amounted substantially to one-tenth of the entire estimated money in circulation in the United States. The Secretary of the Treasury . touches upon the gravity of the situation abroad as well as in this country and gives figures concerning the export of merchandise to show the en ergy with which the economic resources of the country were devoted to the relief of the situation; the excess of exports over imports rising from $1,464,404 in Au gust, 1907, to $114,890,665 in December, 1907. Mr Cortelyou defends the issue of Panama bonds and Treasury certificates by saying that it was advisable to take some strong and resolute step which would convince the public, both at home and abroad, that the Government was thoroughly alive to the situation and determined to givelts aid in every pos sible legal and proper form. Concerning the allotment of the new Issues of securities he says: 'Their character was such that it was anticipated most of the subscriptions would come from National banks; that the 2 per cent bonds afforded such privi leges to National banks as a basis of note circulation; that there were strong in ducements to the banks outside private Investors, who would find in the bonds nothing more than tho best form of se curity paying only 2 per cent per an num: and that It was expected and this expectation was fulfilled that the bonds would be used chiefly as a basis of addi tional note circulation, and that such cir culation would contribute its share to relieving the acute pressure of currency which existed throughout the country. Even if there had been no other justifica tion for limiting subscriptions to Na tional banks, this consideration that the bonds would be used to meet the pressure for currency would, In the opinion of the -Department, have justified an absolute restriction of the awards. "The legal right of the Department to make allotments of the bonds and securi ties to such persons and banks and in such amounts as it might see fit can hardly be called in question, in view of the fact that the circular offering the Panama bonds contained this distinct provision: Right to Reject Bond Bids. " The department also reserves' the right to reject any or all bids, if deemed to be to the Interest of the United States to do so.' "Obviously, so far as the offer of secur ities was influenced by the desire to pre vent distress in the money market, it would have failed of Its purpose if awards had been made even to bonafide bidders which would have resulted in large drafts upon the reserve money of the banks and would not have aided In drawing money from private hoards. It was, therefore, decided in the case of the Panama bonds to make no awards to in dividuals in excess of $10,000. It was also decided to accept the highest bids of Na tional banks for the remainder of the issue, after these minimum allotments to individuals." The total bid for the Panama Canal bonds, continues the Secretary, amounted to $2,220,604,580, or more than 44 times the amount offered. This fact, not hereto fore announced, would have stamped the loan as an even more remarkable suc cess than it was. if all these bids could have been regarded as made in good faith by responsible parties. Examina tion of the bids showed, however, that many of them were not only speculative In character, but that they were made in many cases for very large amounts by those who were personally irresponsible and Incapable of having made even the smallest preliminary payment If such payment had been required. Gave Banks the Preference. "When the awards were made, there fore, the bonds were awarded without hesitation to National banks in those cases where the prices offered were 1.02 1-8 or higher, and where the bid ap peared in other respects to be made in good faith and with full capacity on the part of the bidder to execute his contract The amount thus awarded to National banks was $24,299,040. The awards made to individuals were limited to those cases where the amounts subscribed for were for $10,000 or less, because such bids had at least prima facie appearance of good faith. Even upon this basis the pay ments made after the allotment of the bonds showed that a considerable portion of these small bids were speculative. There was less margin for specula tion in the case of 3 per cent certifi cates because, as the report says, their term of one year did not allow for any considerable premium without extin guishing the amount of Interest. They were issued at par, and this made them immediately available, as It was not necessary to secure bids as In the case of Panama bonds. They therefore af forded a convenient means to the banks at once to Increase their circulation. - For this reason the Secretary of the Treasury thought proper' to announce at an early day that offers of indi viduals would no longer be received and It was ultimately decided to make no allotments except to National banks This decision was dictated by two con siderations first, the desire to stimu late the issue of bank note circulation for a period which would relieve the crisis: and, second, the fact that the an nouncement of the Issue of the new se curities had, rather to a large extent, accomplished its Intended purpose and had made it unnecessary to issue more than a fraction of the full amount Bond Issue Was Necessary. The issue of these securities was sus pended, therefore, before the date first named for closing the receipt of sub scriptions, the total amount of the sub scriptions having reached $13,959,500. The amount issued was only $15,436,500. As all of these were registered and issued to National banks with the understanding that they should be used as a basts for Increasing their circulation or to secure public deposits, they are all on deposit with the Treasurer of the United States for these purposes. While the awards of 2 per cent bonds were made primarily to the highest bid ders among National banks, the effect of the awards was to distribute the bonds among banks in 40 of the 46 states of the Union. The one-year certificates were distributed less widely, but were taken, however, by institutions in at least 18 states. The isue of the Panama bonds would have been required in any case within a short time to meet the expense of construction of the canal, and the Sec retary of the Treasury, it is argued, could hardly be held responsilbe for the effect of such issues of volume of hank note circulation, whatever might be his opin ion as to the desirability of the Inflation which might result. Practically, therefore, the responsibil ity resting upon him relates only to the $5.4-3S,500 in the one-year certificates and will terminate with their maturity and redemption on November 30 of the pres ent year. Deposits Equitably Divided. Concerning the distribution of public moneys In banks throughout the coun try the- Secretary says that this has been done without regard to partisanship, and no section has received other than the fair and Impartial consideration to which it Is entitled. It is shown that the amount of public SliETCH OF EVELYN THAW, After having. posed specially for this the malt drawing in the corner and said: "I am an artist, too. See. there is deposits on August 22 was about $115,000, 000 of which the New York banks held J28.253.3S6. On December 7. the figures show public deposits through the country amounting to $222,353,252. In connection with this statement the report says: "While the banks of the State of New York appear as holders of public moneys to the amount of 26.8 per cent of their capital and surplus, the banks of New England. Eastern and Middle Western States, taken as a whole and including New York, show a percentage of deposits to capital and surplus of only a little more than 15 per cent. The banks of the Southern, Western and Pacific States on the whole show a proportion of nearly 18 per cent. With the elimination of New York from the Eastern group, the percentage of the remaining Eastern and Middle Western States is only about 11.2. Details of the distribution appended to the report show that the deposits are di vided among 1421 banks. Considerable space is devoted to showing that great care 'has been taken in distributing the deposits and much consideration is shown to communities where particular trade movements involve a special de mand for currency at certain intervals. Deficit Is Probable. After discussing at length the policy the Government should adopt in. regard to paying off obligations, the report hints in a general way at a possible Treasury deficit at the close of the current year, the collections for the months ended December 31, 1907, showing a decrease In customs receipts of JS.838.000 and internal revenue receipts of $5,220,000, with the probability that the rate of decrease during the remaining half of the year will be still greater. Anticipating the finan cial wants of the immediate future, Mr. Cortelyou intimates that, if new legisla tion does not relieve him of the guardian ship of the money market that has tacit ly arisen, he must make provision for relieving ' it -by making deposits in the Autumn, when the demand for money is usually the greatest. For this purpose alone, under the present system, he con siders it expedient 'to reduce the present volume of deposits of public money in banks. The maturing 3 per cent bonds will also require funds. 'The Department," says he. "is finally convinced that the cash balance now on hand is not more than adequate to meet all these requirements and that no well founded criticism can be made against Its policy of increasing tho balance tempora rily by the sale of securities with the in cidental purpose of preventing grave financial, disaster." Did Best Under Bad Laws. On the subject of remedial legislation, the Secretary says that in every measure of relief the Treasury has taken, fce has felt that he was bound, under our exist ing fiscal and monetary system, to have regard not simply to the operations of the Treasury but to their effect on the finan cial condition of the country. He has not assumed this obligation willingly and would be glad to be relieved of it, at least in part, by suitable legislation and. If recent events should lead to intelligent legislation tending to adapt the movement of currency more nearly automatically to the requirements of business, it would be a source of gratification to the Secre tary and would greatly diminish the sense of responsibility which must weigh heav ily upon any occupant of the office un der conditions such as those of the recent crisis. KISEK CALENDARS 10c IP. Halfprice while last. - 248 Alder. Custom-made choes at f octory cost .t Basanthars house-cleaning sale. WEEP AT COIL BILL Littlefield. Joins Democrats' Lodge of Sorrow. SAYS LAW WAS VIOLATED Maine Man Laments Shipment of Coal for Battleships in. Ftoreign Bottoms and Decadence of Merchant Marine. WASHINGTON, Jan. 29. The need of an American merchants' marine as an auxiliary to the Navy formed the prin cipal topic of discussion in the House today during the consideration of the ur gency deficiency appropriation bill. The debate was precipitated by Littlefield, of Maine, who questioned the legality of the provision appropriating $1,000,000 to sup ply a deficiency of coal for the Navy caused by transfer of the battleship fleet from the' Atlantic to the' Pacific. He From the New York Evening World. BY FEKRKYN STAXLAWS. picture Evelyn Thaw made and signed a picture of me The Angel Child." " criticised Congress for Its failure to make appropriations for a merchant ma rine. His remarks elicited from Fitzgerald (New York) the charge that the Repub lican party was responsible for that con dition, while Sherley (Kentucky) main tained that the lack of a merchant ma rine, "a National disgrace," was due to Republican policies. The bill was still under consideration when the House adjourned. Upon motion of Hull, chairman of the committee on military affairs, the House reduced to the extent of $300,000 the pro posed appropriation of $716,000 for cloth ing and camp and garrison equipment for the Army. Says Roosevelt Violated Law. ' Discussing the $1,000,000 coal appropria tion, Littlefield declared that under the act of 1817, which he said was still in force, the coal which had been shipped In foreign bottoms should have been seized and sold. He said that the Attorney General had held it not to be illegal "for reasons sufficiently satisfactory to him,' but Littlefield differed from him.- "Will the gentleman suggest how this Administration can carry out its poli cies without violating the law?" Inquired Fitzgerald of Littlefield. . "That Is a thing that Is not up to me," replied Littlefield, who then launched upon .a plea for an American merchant marine. The Government, he said, at the cost of many millions, had created a naval fleet, and yet that fleet was with out power to support Itself within the radius of its operations. Gold Brick In Philippines. The real purpose of sending the fleet to the Pacific was questioned by John son (South Carolina), who said that, whatever the object. It had caused $1,000,000 deflency and would cause other deficiencies. He attacked the purchase of coal land in the Philippine Islands, and declared that "somebody got the money and we got a' gold brick." The people, he insisted, had been -bunkoed In that transaction. Saying that the cost of transporting coal for the fleet from the Atlantic to the Pacific in foreign bottoms was ex orbitant, Sherley said it was a disgrace to America, and that there was not suf ficient merchant marine to supply simple colliers, and he charged the Republicans with having built a tariff wall so high that a merchant marine could not live. The item was allowed to remain in the bill, the reading of which for amendment was continued. TALK CURRENCY TWO WEEKS Senate Will Debate Aldrich Bill . " Until Disposed Of. WASHINGTON. Jan., 29. The Aldrich financial bill, which is to be reported to the Senate tomorrow, will be taken up for debate about February 10 and kept steadily before the Senate as the unfin ished business until it Is disposed of. Senator Aldrich believes that not more than two weeks will be consumed in discussion. The announcement of the attitude of Mr. Bryan concerning the bill is taken as an indication that Democratic oppo sition will not be drawn out. There will be an attempt to have treasury substituted for bank notes in the bill, but the contention will not extend much farther. In addition to the changes already noted, the Aldrich bill, as agreed upon by . the Republican members of the committee on finance, entirely elimin ates the provision requiring National banks located outside of reserve cities, which are now required to keep a re serve, to maintain two-thirds of that reserve in lawful money. The provi sion making railroad bonds proper se curity for bank, issue is changed so as to exclude the bonds of railroads which do not comply with the law requiring the roads to make reports to the Inter state Commerce Commission. NE WMEXICO GIVES IP FIGHT Will Not Strive Further for State hood This Session. 1 WASHINGTON, - Jan. 29. New Mexico today practically gave up its efforts to ob tain statehood at this session of the Six tieth Congress, when Governor Curry, ap pearing with ex-Governor L. B. Prince before the House committee on territories, invited that committee and the corre sponding committee of the Senate to visit New Mexico next Summer after the Na tional Conventions. He desires them to see and Judge for themselves whether the territory which for 50 years had been seeking admission to the Union as a state, is entitled to that benefit and ought to have it. It is understood that Governor Curry's invitation, following the suggestion to him by Spealfer Cannon a few days ago, that It would not be wise to press the issue on the eve of a. Presidential campaign, sig nifies a truce for the Winter. The com mittee took no action on Governor Cur ry's invitation. Reorganizes Army Dental Corps. WASHINGTON. Jan. 29. The Senate today passed a bill to reorganize the corps of dental surgeons attached to the medical department of the Army. Appointments to the corps are to be made at the rank of first lieutenant. A bill giving- the Secretary of the Treasury authority to allow importa tions of tea Inferior In purity and qual ity for the manufacture of theine. caf feine or other chemical products also was passed. Make Polygamy Unconstitutional. WASHINGTON, Jan. 29. Senator Hod kins today Introduced a Joint resolution proposing an amendment to the Constitu tion prohibiting polygamy In the United States. BRIEF NEWS BY TELEGRAPH Elko. Nev. Patsy Dwyer. who killed A. C. Williams at Austin last July, was acquit- i ted Wednesday on a plea of alcoholic In sanity. Chicago. The $10,000 diamond ornament lost by Mrs. W. W. Kimball at Mrs. Mar shall Fields dinner, was found In the snow on the sidewalk by a maid, who received a reward of $100. San Franc!o. Customs officers on Tues- 1 flay seized 220 five-tael tins of opium, hid- 1 den on top of the steamer City of Puebla. : There was about 100 pounds of It, on which the duty Is $600. Mexico City. The Englioh Company of Pearson & Son, Limited, has Invested $16, 000. 000 in oil land and wells for the pur pose of fighting the Standard Oil Company for the trade of Mexico. Oakland. Cal. Theodore M. Kail, who committed suicide on the Piedmont Hills Sunday, proves to be a Harvard graduate, son of Arthur M. Hall, a wealthy book mer chant of Haverhill. Mass. St. Louis. A jury last night found that the killing of Ous. Kind, a negro, by Joseph T. Vol k man. who caught him robbing Mr. Volk man's home, was justifiable and started a subscription to buy Mr. Volkman a gold medal.N Pittsburg, Pa. Enraged because beautiful Mary Cozlnl.- aged 18 years, delayed their marriage, Dominic Polcinl pursued her to her room with a revolver and was stabbed to death by her. Just as he fell, he fired a shot, which killed her. New York. About $40,000,000 worth of long-term 4 H per cent city bonds will be sold next month. When the city sold $50, 000,000 bonds last Fall It agreed to sell no more until the buyers had placed the first lot with investors. This haa been done. Chicago. Walter Mack, a graduate of Stanford, who has dissipated a fortune of $15,000 In a year, was arrested Wednesday in August Nagel's restaurant on a charge of passing a forged check on the proprietor. tie was in company witn two cnorus girls and four young men. New York. Hugh Adolphus Tyranny, the "Army bad man," is in irons at Castle Wil liam and will be sent to Fort Leavenworth prison to serve 24 years. When brought from Havana, where he has been In the guard-house frequently, he had a revolver hidden In his sieve. San Francisco An Inbound San Mateo electric car, which got beyond control of theNnotorman, while descending a steep grade In China avenue, Wednesday morning, overtook and crashed Into a car of the Folk-street line, wrecking both cars and Injuring a dozen passengers, three seriously. New York. Plans have been prepared for a new Protestant Episcopal Church at Fifth avenue and Fifty-third street, which will cost $1,000,000. The church officers are de termined to avoid in this sacred edifice the "structural He" of employing steel and re inforced concrete construction with veneered exterior. Los Angeles. Abbit Kinney, the cigarette millionaire, known as the Dodge of Venice, has been served with 30 warrants by the trustees of Ocean Park, charging violation of a city ordinance, because he refuses to remove 150 tents and villas in his grounds. The flcht Is between the better class of residents and those who wish to rent villas at moderate rates. New York Carleton Kremer, the 4-year-old adopted son of Dr. Kremer. has been recovered from his mother. Mrs. Maude G. Clarke, who kidnaped him three months ago, after having voluntarily surrendered him three years ago to the Kremers. The police force had to force the door of the parents of Mrs. Clarke at Boston In order to seize the child. Italy Warns Against Emigration. ROMFj. ' Jan. 29. The government "Open All the Time ABSOLUTE SAFETY OFFERED DEPOSITORS No interest paid on commercial accounts or daily balances. INTEREST Paid on Term Savings Accounts By the old gold tried and tested German-American Bank Corner Sixth and ANer Stsu, Opposite OrcsTOBiasb 4-96 mm. Baklno ins oeij Dairag rweer maae wiUi Royal Grape Cream of Tartar made from grapes Insures healthful and delicious food home every day Safeguards your attsi aw phospaate of lime through the emigration office has issued another notice with the object of dis couraging emigration to the United States. The notice states that the Ital ian consul in New York has telegraphed here urging Italians to remain at home while the present industrial depression and scarcity of work continues in the United States. Campaign Against Prohibition. CHICAGO, Jan. 29. The Manufac facturers' and Dealers' Club, of Illinois, will start a campaign of education throughout the United States to create a sentiment against the local option laws and districts which are becoming so numerous, and against "cranks, hypo crites' and the fanatical prohibition ele ment." The movement is not wholly in the interest of the manufacturers. Con If it makes a difference to you what sort of shoes you put your feet into, it makes a lot of difference wHere you go to get them and who makes them. If you don't know what a difference Selz Royal Blue shoes will make in your foot comfort, in the service and style you get and in the money you save, come in here some day and get a pair of these fine shoes. They're different. Selz Royal Blue Shoes, $3.50, $4 and $5 Best Oak Sole Leather Used in Our Shoes SEVENTH AND WASHINGTON STREETS (Formerly at 149 Third Street) Best for Beautiful Portable Electric Lamp 19 inches high; brushed brass finish; handsome 12-inch shade; complete with 5 feet silk cord and plug. FOR THE HOME FOE THE PARLOR," DINING-ROOM OR LIBRARY These artistic fixtures vroul.i retail at from $8 to $12 each. On Sale at Company's Supply Department 147-149 Seventh Street Portland Railway, Powder for every food against cern is felt for the welfare "of the starr ing women and children of employes thrown out of work because of the ac tivity of the prohibitionists." May Get Conviction in Idaho. MOSCOW, Idaho, Jan. 29. F. S. Skid more, alleged showcase swindler, has been brought here for trial, after the grand Jury at Pendleton failed to indict. Skidmore carried on his alleged opera tions in this region before he went Into Oregon. The alleged victim was R. Hodgins, druggist, and the affair took place September 11, last year. Hodgins heard from the Grand Rapids Showcase Company that Skidmore was doing ir regular work and turned his complaint over to the authorities about the middle of November. Reading THE SUNLIGHT" Electric Portable Light S Power Go.