Morning Oregonian. (Portland, Or.) 1861-1937, February 06, 1908, Image 1

Below is the OCR text representation for this newspapers page. It is also available as plain text as well as XML.

    VOL. XL VIII. NO. .14,724.
PORTLAND,' OREGON, THURSDAY, FEBRUARY 6, 1908.
PRICE FIVE CENTS.
E
II
King of Two Trusts
Has Lost Crowns.
INDICTMENT THREATENS HIM
Heinze's Partner in Frenzied
Banking Missing.
HE HAS LOST $20,000,000
All Property Attached by Creditors
and Receiver of Brooklyn Bank
Sues for $250,000 Criminal
Charge Highly Probable.
MORSE. FATHER OF THE PANIC.
Charles W. Morse and his partner.
F. a" Heinze, started the panic by
their abortive corner in United Cop
per stock. The Mercantile National
Bank failed in consequence and a
series of bank failures In New York
City followed. They controlled a
string of banks, all of which have
gone under. The Consolidated Steam
ship Company, organized by Morse to
control all the lines running from New
York along the Atlantic -Coast and
to the -West Indies, Is In receivers'
hands.
NEW YORK, Feb. E. (Special.) Charles
"W. Morse, organizer of the Ice Trust and
of the Consolidated Steamship Company
and a few months ago regarded as one of
the greatest financiers of America, has
disappeared. His creditors today attached
all his property In this city. Including his
residence at 723 Fifth avenue. In a suit
begun by Charles A. Hanna, a National
Bank Examiner, as receiver of the Na
tional Bank of North America, which
Morse controlled.
In the papers on which the attachment
was granted it was stated that Morse had
left for Europe within the last few days.
A Judgment by default for $155,753 In an
other suit was also entered against him
today". Morse's whereabouts la unknown
to the Federal officials who have been
Investigating, with the aid of a Federal
grand Jury, his transactions with several
National banks of this city.
Morse and $20,000,000 Vanisti.
It was reported tonight that not only Is
Morse ruined financially, as the facts set
forth In Mr. Hanna's complaint would In
dicate, but that he will, If found.- hare to
face criminal charges arising from the
grand Jury's Investigations. Morse's for-
' tune three years ago was estimated at
t,000.000: three months ago he displayed
negotiable securities for $11,000,000. . Now
he Is said to be practically penniless.
In a statement issued tonight Mr. Han-'
na Bald that he was Informed late on
. Tuesday tiiat Morse had gone .to Europe,
or at lea. had left New York earlier in
tife. day to be gone for an indefinite
period. Mr. Hanna therefore took imme
die steps to attach all Morse's property
In New York after he had obtained con
firmation of the report of the former
ice king's disappearance.
. Sncd for $250,000.
Summons and complaint in the action
of Mr. Hanna is specifically to recover
$L'44.3. and Interest.' This is made up of
two Items, one of J203.321 with Interest
from September 25, 1907, and another of
$0,000 with interest from October 12, 1007,
that being the amount of Morse's debt
to the National Bank of North America:
The complaint filed with Judge David
Ixventrltt of the Supreme Court today.
It was accompanied by the affidavit of
Thomas Wing, attorney for .the Bank of
North. America, stating his belief that
Morse had fled to Europe.
Judge Leventiitt was not satisfied with
"Mr. Wing's affidavit and a supplementary
deposition giving in detail the reason that
led to the belief that Morse had gone
was submitted later.
On the receipt of this suppl-.-nentary
affidavit. Judge Leventritt at once grant
ed a writ of attachment directing the
Sheriff to seize all property belonging to
Morse that could be found in New York
County. Similar papers wore served on
various banks In which It was thought
Morse had deposits.
His Whereabouts a Mystery.
Arthur Braun, private secretary to
. Morse, said tonight:
"I have not seen Mr.. Morse since
one day last week. I do not know
where he is. I know nothing about
the reports which have been "circulated
about his probable whereabouts, and
1 could not help anybody to find him."
Morse has not been seen In the
financial district this week, but a
close friend Is authority for the state
ment that he saw him on Monday and
that Morse" told htm at the time that
he intended to go to Europe. No
steamer saileS for Europe on Monday
and Morse is not on the list of any
steamer sailing today or tomorrow.
Troubles Thick and Fast.
Troubles have been piling thick and
fast'on Morse ever since last October.
He was Involved in the unsuccessful
corner in United Copper stock engin
eered by F. Augustus Heinze, which
marked the beginning of the panic.
When the corner went to pieces a,nd
United Copper came crashing down, it
was reported that Morse had sold out
tne other members of the );ol and had
caused the slump, As the stock and
MORS
BANKRUPT
FUGUE
bonds of the Consolidated Steamship
Company the latest and greatest
Morse undertaking also declined
with sensational rapidity when the
corner failed, it is a question Just what
part the Morse transaction played In
the affair. The' failure of Otto Heinze
& Co. and of Gross & Kleeberg were
soon announced.
Then followed ' in quick succession
the resignation of Morse from all the
banking institutions with .which he
was connected and the events 'now
graven deeply in financial history. At
the beginning of the panic Morse
mortgaged his Fifth avenue house for
$350,000 to John E. Berwlnd. The
property . carried a prior mortgage of
$15t,000.
All His Banks Go Under.
With the subsidence of the panic the
weakness of the so-called Morse banks
became apparent and this culminate
recently In the suspension, of the Na
tional Bank of North AmeTica and the
New Amsterdam National Bank, which
were looked upon as the two. most im
portant Morse institutions. Then fol
lowed the receivership for the Con
solidated Steamship Company and sev
eral of its subsidiaries. .
Morse and the late Charles L. Barney
organized the American Ice Company
ee-e--ee--e m m m e-e- e e e e
t - xN, i
i ' " t
J ; ' '
' N i t
! V i
I ' X : t
I v s f I
t WxW :;
,Nv ,f ''
Charlee W. Moree, Bankrupt Flnaa.
. cie-r, Theatened With ' Indictment,
Who Has Fled to Europe. J
ten years 'ago and Morse first came
Into prominence in connection with
this company.
RUSH FOR MUNICIPAL " JOBS
Relief Measures In Pittsburg Will
Not Iileet Demands.
PITTSBURG, Feb. 5. With immediate
work for only about 3000 men in sight,
the City Hall "was stormed today by the
"unemployed," and 6000 application
blanks were issued by the Civil Service
Commission. Tonight a rush order for
6000 more blanks was sent to the prin
ters. The relief measures provided" by the
ordinance appropriating $220,000 for pub
lic improvements In order to employ the
idle men, now appear inadequate, but
much goodwill will result notwithstand
ing. It is plasned to give men with
families preference over bachelors, and
also to equalize hours so that the work
will last as long as possible.
TOBACCO DIVIDENDS THE SAME
American Smclttrs Securities Re
turns Also Unchanged.
NEW YORK. Feb. S.-Dlrectors of the
(Oonrluded on Page 3.
CONTENTS TODAY'S PAPER
The Weather.
YESTERDAY'S Maximum temperature, - 64
degrees; minimum. 47.
TODAY'S Rain; fresh southerly winds.
Foreign. '
Portugal fast restoring constitutional rule
and Franco a fugitive. Page 2.
Noblo character of young King. Page 2.
Arrangements for funeral of King - and
Crown Prince. Page 2.
Revolt of revolutionists at Oporto soon sup
pressed. Page 1.
Decision to be given by to easel court
martial today. Page 4.
Countess of Yarmouth granted divorce.
Page 4.
British squadron ordered to Pacific Coast.
Page 4. . . -.'
- National.
Pavne answers Democrats In House and
"says Republican platform will declare for
tariff revision. " Page 1. -Beverldge
speaks on tariff revision bill In
Senate. Page 3.
President suspends Public Printer Killings
pending inquiry Into charges. Page s.
House committee Tiears labor leaders on
antl-lnj unction bill. Page 3.
Politics.
Fulton decides to answer Heney tn writing
ami not come to Oregon. Page 4.
Careful observers predict nomination of
Hughes. Page 1. .
Foraker. men carry fight with Taft in
Cleveland into court Page 1.
Bryan speaks on currency reform in New
York Page 4.
lomestlc.
C. W. Morse, trust magnate. Is sued and
proves bankrupt and fugitive. Page 1.
Huenton turns against other Capitol, graft
ers. Page 2.
Great storm In East and Middle West costs
many lives. Page 1. .
Paciflo Coast.
Marlon County Republicans to hold conven
tion before primaries. Page
British Columbia Legislature passes exclu
sion act aimed at Japanese. Page
Portland man tells of terrible hardships In'
frozen North. Page
Commercial and Marine.
No demand in East for "Oregon hope.
Page 15.
Uninterrupted decline In stock prtcea
Page 15.
Bearish Argentine statistics depress grain
markets. Page IS.
Steamship St. Hugo clears with full grain
cargo for Port Said. Page 14.
Portland and Ylclnity.
Heney makes strong argument to Jury In
land-fraud trial. Page 10.
Inland Empire excursionists will travel to
California In luxurious style. Page 6.
Old man fatally shot by drunken nephew.
Page 11.
Pacinc Northwest corporation will break
banana trust. Page 14.
Bank merger Is approved by Circuit Court
Judge Gantenbeln. Page 10.
'Council committee considers lighting prob
lem. Page 10.
Republicans of South Portland hold smoker
Page 7.
Four new suits for divorce are Hied, page 7.
J
MANY STATES ARE
SWEPT BY STORM
Ice King Reigns in East
and Middle West.
MANY SUFFER FROM COLO
Two Women Are Frozen in
- New .York City.
FIRES BUILT -IN STREETS
Fatal Snow Slides in Colorado, Bliz
zards in Michigan and Sleet
Storm In Illinois and
Neighboring Slates.
NEW YORK. Feb. 5.-(Specia.) Large
districts of the East and Middle "West
are suffering from a cold wave of unus
ual severity. , Reports from many local
ities are to the effect that the extreme
cold is coupled with a fall of snow of
sufficientdepth to Interfere with trans
portation facilities, while several fatal
ities have occurred. A sleet storm in the
Middle West has added to the general
discomforture. '.
There has been considerable suffering
In this city and two women, Mrs. Mar
garet Meek Bertie and Mrs. Margaret
Kelly were found dead In. their home un
der conditions that indicate they were
frozen to death. All of the charitable
institutions are over-crowded and many
homeless men, to keep from freezing,
have been forced to huddle around fires
In the open streets. The whole state is
in an icy grip, the mercury falling to
a record of 45 degrees below in the vicin
ity of Ballston.
Fatalities in Snow Slides.
Other fatalities are reported from Col
orado, where numerous snow slides have
occurred in the mining districts. Three
fatalities, in two different slides are re
ported from Telluride, while there have
been numerous narrow escapes from
these avalanches. One of the-worst- of
these slides is reported from Crested
Butte, Colo., in which four men were
carried down a mountain, two of whom
were killed. . , -
Weather conditions throughout New
England are the worst of the present
Winter. The cold snap is general in
that section, although no fatalities have
as yet been . recorded. ' Northfield, Vt.,
reports the coldest weather in New Eng
land, with the mercury registering 34
degrees below zero.
Bad Blizzard In Michigan.
The lake region is also feeling the cold.
Michigan Is in the grasp of a severe
blizzard in which zero weather Is com
bined with a blinding storm. Railway
traffic is completely paralyzed .in many
parts of Michigan and the storm shows
no sign of abatement. Unless conditions
change soon, the storm may .result In
widespread suffering.
Chicago last night experienced one of
the worst sleet storms in years. There
was much suffering from the Icy blasts
and traffic on the electric lines was al
most completely demoralized, although
steam trains were operated without great
difficulty. The sleet storm spread over
a large part of the Middla West, sweep
ing over Iowa as well as the more north
ernly states. For a time communication
was practically shut off between. Chi
ago, Omaha, Kansas City and Omaha.
In Central and Eastern Pennsylvania
snow fell to a depth of more than a foot.
It was extremely cold throughout the
mountainous regions, the mercury drop
ping as low as 15 degrees below zero.
Service of both steam and electric lines
was crippled- and there was considerable
suffering.
SUFFERING IX . PENNSYLVANIA
Extrema -ColdV Followed by Heavy
, Fall or Snow.
PHILADELPHIA, Feb. 6. Reports from
points throughout Eastern ; and Central
Pennsylvania tell, of much suffering be
cause of the extreme cold of the last few
days.' Today Is conceded to have been
one of the coldest days in many years.
All through the mountain sections the
thermometer registered from 7 to 15 de
grees. Among the places from which
such reports come . being Hazelton,
Stroudsburg, Scranton and Wllkesbarre.
The temperature moderated about mid
day and snow began falling, which in
Congressman Sereno E. Payne, of
New York, Who gays Kepnbliean
Convention Will Declare for Tariff
Revision. ' t
many sections Is reported to be more than
a foot deep. Trolley and railway service is
suffering.
CARRIED DOWN BY AVALANCHE
Colorado flher9 Run From Homes
to aieet Death.
TELLCR1IM3, Coio'.,' Feb. 6. A snow
slide at the Lewis mine, seven miles from
here, this afternoon, carried away the
hoist of the. mine, in which, four men
were at work. The frail structure rode
the slide safely and two men who clung
to it escaped injury.
Two others, Gus Angelo and Gus
Caugos, who ran out of tho house as the
slide started, were caught by the ava
lanche and-were -buried at-the bottom of
the mountain. Word of the accident was
sent here and. a. large party of rescuers
started for the scene to aid In digging out
the men buried in the sno.
EXTREME COLD IN NEW YORK
Homeless Men Seek Snelter Around
Street Fires.
NEW YORK, Feb! . S. With the ther
mometer registering one degree above
zero at 7 o'clock this morning. New York
experienced a taste of real Winter. It
was three degrees colder than any pre
vious day this season, "and within one de
gree of the cold weather record In New
York for the past five years.
Charity Institutions were overcrowded
with homeless men last night. Early to-
fConcluded on Pane 3.)
HE'S A GOOD LISTENER
S. .Safi ?&J'. T
- i
r x '
: . i
SAYS PARTY WILL
.REVISE TARIFF
Payne Declares Repub
lican Policy.
SPEAKS IN NO UNCERTAIN TONE
Ridicules Democratic Election
- Prophets.
BRYAN'S HUNT FOR VOTES
Going About the Country Seeking
Men With .Grievance Roosevelt
Has Warm Place in Hearts
of His Countrymen.
WASHINGTON. Feb. S.-Tarh. revision
and the President's recent special message
to Congress again were the main topics of
discussion In the House of Representa
tives today. As has been the case for
nearly a. week, the Indian appropriation
bill ostensibly was before the House, but
In no quarter was any word spoken in
regard to it. The House apparently had
made up Its mind to discuss the' issues of
the day at this time, and no effort was
made to cheek the flow of general debate,
which will be continued tomorrow.
A long speech by Payne, of New York,
the majority leader, ws considered im
portant because of his assurances that a
tariff revision plank would be incorpor
ated, n the Republican National Conven
vention's platform of this year. He de
voted some attention to Mr. Bryan, whom
he credited with going about the country
accusing President Roosevelt of grand or
petit larceny in purloining his ideas.
Slocks at Democrats.
Payne received a round of Republican
applause when he took the floor. He di
rected his remarks to the Democrats and
remarked that their political speeches
were but In pursuance of their course
each "Winter and Spring preceding elec
tions. . "With retiewed exuberance of spirits,"
he said, "with pi-ophetic sight during this
season of the year, they carry the next
election. Inaugurate . a candidate and di
vide up the offices.' " .' " '
- Laughter and Republican applause
greeted this remark. Continuing, Payne
said: ' '
"We hold our election In November and
we will be there next November."
Payne devoted much attention to Mr.
Bryan a'.id said that .the "peerless leader"
was wandering up and down the country
accusing Theodore Roosevelt of grand or
petty larceny In "purloining his ideas."
Bryan and the Adullamites.
He declared that Mr, Bryan had written
the last three Democratic platforms, ex
cept the one that Judge Parker amended
with the famous telegram. More Republi
can applause ensued. Payne declared that
Mr. Bryan for four years had been going
among the dwellers In the caves of Adul
lam. hearing every man's complaint and
every man's grievance and, he added,
"where there are votes behind the com
plaint and votes behind the grievances
he immediately champions the man's
cause and, when he comes to write the
platform, he follows the precedents of the
Democratic party for the past 50 years
by putting into the platform something to
try to catch the unwary voter, not with
regard to fixed ' principles, . but merely
as a bid thrown out. .
Payne said Mr. Bryan sometimes hit
upon a good tiling and put it in" his plat
forms; but, he said, when anybody else
with the same means of information and
knowledge takes the idea and vivifies It
Into law and puts it on the statute books
Mr. Bryan places himself among that
grand army of men who are going about
the country saying, "I told you so."
Roosevelt Greatest American.
Payne then entered upon a tribute to
President Roosevelt. "Theodore Roose
velt," he said, "has a warmer place in the
hearts of. the American people, the hearts
of plain men, the hearts of intelligent citi
zens, the hearts of the righteous citizens
of rhis country, than has ever been occu
pied by any public man in the country."
(Prolonged applause.)
Discussing some of the President's
recommendations in his message, Payne
said that he hoped that before the close
of the session a bill would . be passed
modifying the employers liability act, al
though he said It was one. of the most
difficult pieces of legislation with which
Congress had to deal.
Payne said that undoubtedly some sim-
r m
I y " ' ' --m t
t "jSl."!; iiaiJ ' J I
i - ' - V- - J
i i
Countess of Yarmouth, Formerly
Alice Thaw. Who Has Been Grant
"
ed a Divorce.
pie financial legislation was necessary and
he thought the Aldrich bill with some few
additions would be sufficient to meet the
emergency.
Will Declare for Revision.
Payne charged that the Democratic
party is a party of negation. As for the
Republicans, he said, they would be at
the polls next November with a platform.
that meant, something. They would de
clare on the tariff question in no uncer
tain sound.
"I don't mind saying today," he said,
"that it seems to me that they will de
clare for a revision of the tariff."
BRIEF REVOLT If OPORTO
REVOLUTIONISTS SEIZE CITY
HALL, BUT ARE BEATEX.
Sudden Outbreak' Proves Short
Lived Many Wounded in Fight.
Red "Flag Is Torn Down.
MADRID, Feb. 5. A special dispatch re
ceived here from Lisbon states that revo
lutionaries in Oporto made a sudden and
determined attack upon . the City, Hall.
TUey took the municipal guard- by sur
prise and succeeded- In forcing an. en
trance. Then tney hoisted the- red flag of
revolt on the big tower.
Their triumph, however, was short
lived, as reinforcements of police. soon ar
rived and drove out the revolutionaries
and tore down their banners. Many were
wounded on both sides. -
MODERN WOMAN BARRED
Cannot Be Received at Hotel With
out Male . Escort at Night. -
NEW YORK, Feb. 5. That hotel
men of New York have the right to
refuse food and entertainment to a
woman after 6 o'clock at night, when
unaccompanied by a man, was the ver
dict of a Jury today In a test case
Drought by Mrs. .Harriet Stanton
Blatch, a well-known suffragette,
against the Hofrman House Corpora
tion in the Twelfth District Court.
Mrs. Blatch announced she would ap
peal the case and try to obtain a deci
sion in favor of her sex.
Mrs. Blatch brought suit for $500
against the hotel because on July 12
last service was refused to her be
cause the hour was past 6 and she
was unaccompanied by a man.
MAY LOSE LABOR MEETING
Railroads Refuse to Reduce Rates
to Denver.
DENVER, Colo., Feb. S. Refusal of
Eastern railroads to make a special
rate to this city next November may
cause Denver to lose the annual con
vention of the American Federation of
Labor, scheduled to take place at that
time.
President Samuel Gompers has noti
fied Vice President Max Morris of this
city that the Western Passenger Asso
ciation has refused to authorize re
duced rates to the convention, and
asked him to bring the subject to the
attention of local public organizations
with a view to bringing pressure upon
the railroads to grant reduced rates.
If that is not accomplished the con
vention may go to another city.
Wisconsin Ready April 1.
WASHINGTON,- Feb. 5. On April L
next, the battleship Wisconsin will be
placed In commission at the Navy-Yard
at Puget Sound. Her commanding offi
cer has not yet been selected.
T
WILL-BE CHOSEN
Result of Canvass by
Three. Observers.
TAFT CAN'T WIN FIRST BALLOT
Cannot Gain Enough on Later
Ballots to Win.
NORTHWEST VOTE DIVIDED
Shrewd Man Says Hughes Will Get
Bulk of Cannon's 2nd All Knox
"Votes on the,.. Breakaway
From Favorite Sons.
WASHINGTON, Feb. o. (Special.)
Three of the shrewdest political ob- ,
servers In the country, men with many '
years' experience in National cam
paigns, after two weeks canvass and
conference at- the expense of the
Washington Post, tonight predict the"
nomination of Governor Hughes.. Their
analysis- of the ballots at 'the conven-
tion ai;ows: Oregon four for Hughes
and four for Taft; Washington four
for Hughes and six for Taft; Idaho
six for Taft.
Following is the basis of the predic
tions: Taft will on first ballot lack
about 150 of nomination. His total
may increase in the subsequent bal
lots, but not sufficiently to nominate .
him. Hughes will be 125 or more be
hind Taft on the first ballot, but will
increase on every ballot until nomi
nated. '
On no ballot will a majority of any
candidates' vote be transferred to
Taft. The candidate who, although his
vote may be large to begin with, will
lose votes quickest, is Cannop. When
the majority of Cannon's vote goes to
Hughes, following the breakaway of
some Cannon votes to Taft, the Penn
sylvania vote will follow the bulk of
J.h.6. Cannon . .vote to Hughes..-.'-. On -th
same ballot, when that movement Is
seen, the Foraker vote will go to
Hughes. The Fairbanks and La Fol
lette votes -will endure longest, but. if
the balloting Is prolonged, enough
votes to nominate Hughes will go from
them.
OHIO FIGHT GETS INTO COURT
Foraker Men Ask Injunction Again,.
Recognizing Taft.. Committee.
CLEVELAND, O., Feb. 5. As a re-iuiC
of the decision by the Republican Stata
Central Committee to recognize the Taft
Committee In Cuyahoga county, followed
by a telegram from Secretary of State
C'armi Thompson directing the Board of
Elections officially to take cognizance of
tlie committee, suit for an injunction was
filed today against the Election Board by
Edward H. Hechler, member of the For
aker Committee.
The action aims to restrain the board
from summary action under the call of
the Taft Committee, headed by Bilker and
Rodway, and the petition declares that
the Foraker Committee, headed by M. W.
Harvey, Is the only legal Republican con
trolling body In the county. The petition
avers that the Board "of Elections had no
right to rescind its former action in recog-"
nizing the' Foraker Committee.
In concurrence with the instructions
from tho Secretary of State, tho Election
Board in a stormy session today rescinded
Its previous action of recognizing the For
aker Committee and formally named the
Taft Committee as the controlling power
in the county. One member refused to
vote, declaring his belief that the Secre
tary of State had no authority to direct
the board in.the matter. Others said the
action was taken purely in compliance
with the Secretary of State's Instructions.
CXUB TURNS FROM FORAKER
Cleveland Organization Indorses
Taft, After Hard Fight.
CLEVELAND, Feb. 5. The Third Ward
Foraker Club last night Indorsed Taft for
President after supporting Ohio's senior
Senator for 20 years. The Indorsement
prevailed in the face of stubborn opposi
tion. The club was organized 20 years ag
to further Foraker's cause. It has been
looked on as one of the Senator's strong
holds In Cleveland throughout its exist
ence. Delegation-Solid for Hughes.
1 NEW YORK, Feb. 5. That the name of
Charles E. Hughes will be enthusiastically
presented at the National Republican Con
tention as candidate for the Presidency
by a solid delegation from the state of
New York, was the prediction made by
Chairman Timothy L. Woodruff, of the
State Republican Committee, last night.
JUDS0N HARMON IN RACE
. t
Not Retired as Democratic Candidate
for President.
CINCINNATI, O., Feb. 5. Judson Har
mon said he was as much In the race for
the Democratic nomination for President
as he ever was, on his arrival home to
day from a trip to Nashville, Tenn.;
Birmingham, Ala.; Atlanta, Ga and
New York. Mr. Harmon traveled from
this city to Nashville and Birmingham in
company with William J. Bryan and
spoke to the same gatherings in the
cities.
On his own chances for the nomination,
Mr. Harmon declined to make any pre
diction, but said he considered the
chances for the election of the Dem
ocratic nominee, for President good
PHEDIG
RUGRES