Morning Oregonian. (Portland, Or.) 1861-1937, February 19, 1908, Page 2, Image 2

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    TITE MORXIXG'-OREGOXI AX, . WEDNESDAY, FEBRUARY ID, 1903.
CM.M. 7!fMM. More than a hundred
Spring millinery Xew Hats on display
in the Millinery Section, and they've all arrived in the
last ten days. Chic, clever styles indeed; saucy, jaunty
toques and turbans; wade drooping shapes and the dis
tinctly new Butterfly effects. Hats for elaborate dress
occasions or tailored and street styles. Fashion's
choicest conceptions-from the leading wholesale milli
ners here in plenteous assortment. Prices run from
$5 to $25. ,
Women 's Coats Worth
to $48.50 Each-Half
$10.00
Values
$30.00
Values
Short Kimonos and. Dressing Sacques Half
House' garments in kimono or dressing sacque style,
with loose or fitted sleeves and belted or loose waist.
Made of first-class quality flannelette in striped, or
tigured patterns. A lot
all sizes and colors, all
going today at. .
$1.00
Values.
$2.50 .
Values .
50c
$1.50
Values.
$1.25
FAULTS OF BANKERS
Stone Dilates on Them, 0a-
posing'Aldrich Bill,
PREFERS TREASURY NOTES
Missouri Senator Advocates Guar
anty of Deiiosits, Defends Eree ' .
Silver and Makes Dents in
the Full 'Dinner Pail.
WASHINGTON, Feb. 18. The Aldrieh
currency bill was opposed In the Senate
today by Stone of Missouri. During
atone' s argument in advocacy of the plan
for Government guarantees of deposits in
National .banks Bacon, of Georgia, took
occasion . to oppose that proposition at
some length. Bacon declared that, if
such a plan were put into effect, state
banks would be put out of business, as
their deposits would find their way into
National banks.
The bill to revise the criminal code of
the United States was considered during
a couple of hours In the afternoon.
Stone declared that while the recent
financial panic was in part due to a short-
uku wl nvn.uti.uia cuucncy, lilts vum:eitllil-
tlon of the money at given points had
much to do with it. There was, iie said,
too much of this money In New York. The
Aldrieh bill he regarded as merely a make
elilft in meeting the needs of the country.
Banks nave Too Much Power.
i am opposed, he said, " tor confer
ring this great additional favor and power
upon National banks. The idea of a cor
poration usurping and using the funds of
a Nation has always been obnoxious to
me. The power they can exercise upon
the political and industrial well-being of
the Nation Is enormous, and although it
. is no doubt entirely true that the Nation
al banker is as patriotic as the average
citizen, yet money and business with
him, as with others, are generally selfish
and grasping things, and dividends are
often regarded . as of more importance
than patriotism."
He objected to giving the banks power
to regulate In any degree the volume of
the people's currency by expanding or
contracting it as may happen to suit their
whims or their interests. Stone de
clared that he would prefer to curtail the
powers of the banks, because the Govern
ment Is now depended upon to give stabil
ity to the currency.
Would Guarantee Deposits.
"I shall vote for the emergency treas
ury note instead of the emergency ba,nk
note.'' said Stone. State banks and
trust companies should not, he thought,
be denied the same privileges as the Na
tional banks. Stone favored a law de
manding that reserves should be kept
in the country banks. If that had been
done, ho belloved the intensity of the re
cent panic would have been lessened. He
spoke in favor of a guarantee fund to in
sure the deposits In National banks. He
also wished to Ree' banks receiving Gov
ernment deposits required to pay inter
est on thera.
. Referring to a suggestion that the
Treasury Department should be controlled
by a board of directors rather than by
a single Secretary, he said too much
power was placed In the hands of an in
dividual. He denounced stock gambling
nnd declared that It took out of the mar
ket too much money that might be avail
able for lending for commercial purposes.
The. recent panic, lie said, had come to a
Republican administration, although the
purty had always declared that it brought
prosperity upon the country.
Apology for Free Silver.
Stone referred to the silver issue,
saying Its' purpose had beerv. misrepre
Coats for street or dress wear;
made of fancy materials or rich
plain colored cloth, trimmed in
perfect taste. Fashioned by ex
pert garment makers who impart
that elusive something that de
fines style to every garment they
produce. Coats in all sizes and in
practically all colors. Regular val
ues from "$20 to $48.50 each; for
today's selling, without ex
ception, this lot -of two hundred
duced .
One Half
$5.00 &$12.50
tic $35.00 C17 qn
. 1 J Values . J V
$48.50
Values
124.25
containing nearly o00; m
t-I K ZX.
A JiU.ll A . I (LC
75c
$2.00
Values.
$1.00
$1.50
$3.00
Values .
sented and that It had been expected
that the parity of all money would be
maintained under that system.
"We recognized the crying necessity
fbr additional money," he said. The
contention that adequate Increase of
the volume of money would revive in
dustries, enhance property values ;and
labor wages had been .demonstrated by
the history of tha, last decade. The
enormous gold supply had done what
it was expected gold "' and silver
would do. '
"But the Republican party has fas
hioned a taxing system, under the oper
ation of which Ihe grasping monopo
lies are created to plunder the people,"
he added. "I prophesy . that many
moons will wane before they will again
point to a Democrat and sing In strid
ent chorus the 'song of the souphouse.'
The full dinner pail will not be again
blazoned as an emblem of triumph on
the Republican shield." ,
Thi3 panic, he said, would-have been
worse had the Democrats Imitated the
example of the Republicans In 1896,
when they seemed bent upon making
things worse than they were. Banks
then, he said, coerced their custom
ers, as did corporations their employes.
Now Democrats have striven to allay
excitement to restore normal condi
tions. When the country Is again con
trolled by the party of Jefferson and
Jackson, he expected to see industry
revived.
Smoot Opposes Guaranty.
During the portion of the speech in
which Stone expressed a belief In a Gov
ernment guaranty of deposits in National
banks, Smoot suggested that such a guar
anty would Increase "wildcat" bankers
and he belieued it would result In failures
greatly in excess of the present rate of
one-tenth of 1 per cenr of the banks.
SMORIXG OUT THE HOLD-UPS
Senate Inquires What Banks Hoard
ed Others' Money.
WASHINGTON, Feb. lS.-Senator Cul
berson's' resolution directing the Secretary
of the Treasury to inform the' Senate
what National banks outside of New York
complained between October 1 and No
vember 15, 1907, of the refusal of National
banks of New York to pay in cash New
York exchange or to respond to calls for
reserve, was adopted by the Senate to
day. '
On motion of Senator Clapp, tlje reso
lution was so amended as to direct the
Secretary to send to the Senate his an
swers to such letters or telegrams, as
well as the letters and telegrams them
selves. Before the resolution was placed upon
Its passage Mr. Culberson stated that the
chairman "of the finance committee, Mr.
Aldrieh, had agreed to it. There was no
further comment or discussion in connec
tion with its adoption.
BUILDIXG BOOM OX AT KELSO
Contracts Let for Construction of
40 Dwelling Houses.
KKUSO. Vash., Feb. 18. (Special.)
Considerable activity in real estate
transactions and building operations is
evidenced in this city. Today the con
tract was let foj- the building of an
opera house by W. E.-McDonough and
contracts have been let to date for the
building of nearly 40 dwelling houses.
The two-story building to be occupied
by the Kelso Soda Works is nearly
completed and work on .the new Bal
lard brick block is progressing. Sev
eral large tracts of city property have
changed hands the past week' and
dwellings will be erected on the lots
purchased. The Businessmen's Club
has offered 20 acres to the , local
Grange for fair ground's, and work
will begin immediately to place the
tract in condition for a county fair
next Fall.
MORMOXS TO XAME TICKET
Dubois' Partner Forecasts Idaho Re
publican Nominees.
MOSCOW, Idaho, Feb. 18. (Special.)
B. Arney, associated with ex-Sen-
Ladies'
Home
Journal
Quarterly
Style
Bookjfor
Spring
' on Sale
Pattern .
Counter.
Rl iiXi
$1.00
Values.
79c
artor Dubois in the publication of the
Idaho Scimitar, who' was in town yes
terday, contended thas his trip was
one of a business nature only and had
nothing whatever to do with state or
National polities. He did relax suffi
ciently, however, to say that, the Mor
mon "hierarchy" at Salt Lake had al
ready selected the ticket for the Re
publicans of Idaho and that the "ab
ject slaves" of the "hierarchy" will
nominate Just that ticket.
He saj's J. H. Brady, of Pocatello,
wiil be named for Governor because
he Is entirely satisfactory' to the Mor
mon Church. Arney contends that he
can name the ticket now and that the
work of the convention will show that
he is correct. He also declares Idaho
will go Democratic, on both state and
National issues.
V ,
FALLING. OFF IX IMMIGRATION'
' "' f .
Secretary Strans Presents Ihterest-
' lng D.-tta . to President.
WASHINGTON, Feb. 18. At the Cabi
net meeting today Secretary Straus, of
the Department of Commerce and Labor,
laid before the President some significant
figures as to Immigration and emigration.
The figures show that for January there
was a large decrease in the' number of
Japanese arriving In the United States.
The total arrivals for both the mainland
Hnd Hawaii were 971i as compared with
about 5000 for January, 1907. Mr.- Straus
did not offer any explanation as to the
falling off in Japanese arrivals. .
As to the emigration to the United
States from other countries, Mr. Straus'
report shows the total for January was,
in round numbers, 2700, as compared
with 5400 in January one year ago. a de
crease of 50 per cent. Mr. Straus showed
that for the months of July, August, Sep
tember and October the total immigra
tion to the United States was 463,000,
while the emigration for the same period
was 190.000. The figures on emigration
for November, December, January and
February, not yet appeared, are expected
to show a still greater ratio as compared
to immigration, there having been a
large outgo of foreigners in November
and December. -
MAKES REPORT OX SALARIES
Committee Appointed by President
Advocates Changes.
WASHINGTON, ' Feb. 18. President
Roosevelt has transmitted toCongress the
report of ithe committee on grades and
salaries, which was organized June 11,
1907, to prepare clear and concise tables
or estimates for positions and salaries in
the executive department and establish
ments. In its report the committee says
that two general rules have been ob
served, namely. . to give more adequate
compensation to the men who furnish di
rective power, executive ability and spe
cial or technical knowledge and to pro
vide for the administrative and clerical
force a scale of pay which will permit
all who enter the civil service to rise by
diligence and efficiency to a moderate
living salary in a reasonable time.
The committee's estimates for this- pur
pose for the various departments and
other Government offices aggregate $19.
812.950. which is an increase of 7.7 per
cent over the official estimates for the
fiscal year 1909 and 14.6 per cent over the
appropriation for 1906 for the departments
as a whole. .'
Wood Starts Home February CO.
WASHINGTON. . Feb. 18. Major
General Wood, commanding the Philip
pine Island division, has notified the
Secretary of War that he will transfer
the command of the troops in the
Philippines to Major-General John F.
Weston on February 23 and start for
the United States.
WrecR on Canadian..
NORTH BAY. Ont., Feb. IS. As the
Canadian Pacific Railway Express from
the -West was nearing Chapleau. Ont.. last
night, the wheels of the mallear broke
and several coaches were ditched. The
Japanese porter was killed and 16 or 17
were injured, some seriously.
Tomorrow. Thursday, will positively he
the last day for discount on East Side
cas bill3. Portland Gaa ComDanv.
8 A RBJ
''Mr-:.
mrnrn
-w-,,...: . -- -r-. 1 -r-mtii
'27 and 36-In.
No more staple fabric could be offered when you re
member that warm weather is. but a trifle over two
months away. This is a weave that makes up into
charming styles and can be laundered perfectly. Two
weaves are concerned and hundreds of yards are of
fered at these remarkably reduced prices. We ad
vise prompt buying and respectfully request that you
shop in the morning if possible.
. , Values. .. 73c
Values . .' . $1.09
$L25 on -$1.75 and $2 . y yf C
Values ? ...... . .-. O &c Qualities . . . i
Plain Colored Panamas 79 Cents Up
This is the season's favorite weave in Wool Fabrics. In this sale ar9
offered all colors, including cream and black. You may choose from
regular or chiffon weights and from the largest assortment ever as
sembled in this city. 'Tis truly a sale of tremendous importance, for
supremely good qualities and all grades are concerned. .
$1.25 OQo ; $1-50, v 7Q $1.75 and -$2.00 7 on
Values. 0.7C Values. Qualities .... .P J &
I DS I ROTTEN
Tonopah Grand Jury Severe in
! Its Report.
WILL INDICT OFFICERS
They Received Deposits at State
Bank & Trust, Knowing of In
solvency Hamper Inquiry
Into Their Crimes.
TONOPAH. Vev.. Feb. IS. The report
of the grand Jury, filed . with Judge
O'Brien this afternoon. Is a severe stric
ture on the State Bank & Trust Com
pany. The Jury asked that It be not dis
charged until District Attorney P. A. Mc
Carran secures sufficient evidence to lay
before it for the purpose of bringing in
dictments. i
Judge O'Brien said that In accordance
with the expressed wish of the body he
would assure Mr. McCarran that upon a
proper showing, made by him, the pro
cesses of the court would be at his dis
posal in order to secure proper evidence.
, Tke report dwelt upon the fact , that
deposits had been received on the day
before the bank closed. There is a crim
inal statute on this head, and in this re
gard the report says:
As to the violation of this act. we brg
to submit that the evidence before this body
Is incomplete In Itsolf. but sufficient for
this body to declare by this voice that &
crlm has been committed and 'that crima
Is embezzlement. In that depoiHs without
question were received, on the 2'2d of Octo
ber, 190T. and that the' officers of the State
Bank & Trust Comcany well knew that
the bank was Insolvent and tn a failing
condition on that date.
The committee on banking, whose re
port is embodied and made part of the
general report, says:
"We have been astounded at the awful
ness existing in the condition and affairs
of the State "Bank & Trust Company."
The grand Jury says that it has been
hampered in its investigations by the of
ficials of the bar.k and by the Attorney
General of tbe state.
TRTIXG RICKEY AS EMBEZZLER
State Bank Directors and State Of
ficials ' Defend Him.
CARSON. Nev., Feb. 18. The prelim
inary hearing of T. B. Rickey, presi
dent of the State Bank, charged with
embezzlement, was resumed this morn
ing In the Justice Court. Messrs.
Brougher, Woodbury nd Metres, three
of the directors, testified that they
were of ;he opinion that the bank was
solvent a-t the time of the suspension,
and could pay dollar for dollar with
assistance from the depositors. The
prosecution endeavored to place the re
sponsibility ' of the loans made upon
Rickey's shoulders. .
' The directors agreed that the loans
were first-class at the ttme of issuing.
During the taking of testimony a tel
egram was received from Goldfield of
the taking up of the loan of the Kean
Wonder Mining Company. This
amounts to $190,000. The prosecution
objected to the telegram being Intro
duced as testimony, but it was finally
placed .on record.
The bank examiner stated that on
his Investigation he could not report
anything criminal In any of Rickey's
loans or connection with the bank. The
report 'he had made, which declared the
bank insolvent, was taking the valua
tion of assets as he figures them. He
admitted that he had stated that when
the bank was first closed he thought
it soivent and that, if the depositors
had signed, the bank could have been
put on Its feet. - The trading, of ac
Royal
Worcester
Corsets
in All Styles
and Sizes.
Prices
from 50c
Up. Spring
Models
cs .n Here
Sale of Silks
andDress Goods
We are determined to make
the Dress Goods Aisle, (in the
Fifth TStreet Annex), a busy
place this week. We want
women who have Silks to buy
to come now. Anticipate the
rush season; get the dressmak
er started on your gowns and
save liberally, for here is a sale
that offers unprecedented op
portunity. White Japanese Silk
counts he believed had- put the bank
in unsafe condition. As far as he
could ascertain, Rickey did not owe the
bank a cent.
Attorney-General Stoddard, who is
also clerk of the bank commissioners,
testified that he had signed the first
statement that the bank was solvent.
This he did upon being furnished in-
formation by -the commissioners. At
present he did not believe the bank
solvent. The reason that he had not
ordered a receiver was that he had
not been requested to do so, either by
the commissioners or the examiner. He
had been guided solely by the mem
bers of the commission and. as Govern
or Sparks, the chairman, was ill, there
had been no method of calling for a
receiver.
Several clerks agreed that they had
no idea that the bank was insolvent.
They were, in fact, all depositors.
May Reorganize Bank.
GOLDFIELD, Nev., Feb, IS. James T.
Chaw, chairman of the reorganization
committee of the State Bank & Trust
Company, and United States Attorney
Samuel Piatt, special counsel for the re
organization forces, are in Goldfield from
Reno in furtherance of the plan to re
habilitate the bank. They are meeting
with great encouragement. D. McKenzie,
of Goldfield, has deposited securities as a
guarantee that he will supply funds for
the' payment of 10 per cent of deposits
due at lie end of 90 days from the open
ing of the bank and further promises to
finance the new management and head
the reorganization.
MORSE PUTS UP MORE BAIL
v
Lawyer Denounces Jerome for Sen
sational Manner of Arrest.
NEW YORK, Feb. 18. C. W. Morse,
the former banker and steamship pro
moter, who yesterday was indicted on
a-charge of perjury, today entered a
plea of not guilty and was released
on $10,000 bail.
The perjury indictment grew out of
a loan of Sioo.OOO to E. R. Thomas,
concerning which Mr. Morse was called
before tbe grand Jury as a witness.
It is charged that Thomas caused a
deposit of $50,000 of the funds of the
Provident Savings Life Assurance So
ciety of New York to be made with
the National Bank of North America,
of which Morse was vice-president, and
then Morse caused the bank to loan
Thomas $100,000. Morse Is alleged to
have testified at first before the grand
Jury that he did not authorize the
loan, and then admitted that he did so.
Philip J. Britt, counsel for Morse,
objected to the requirement of. addi
tional ball for 'Morse on the perjury
charge in court today. He said:
','Other persons have been arraigned
In this court on the same count and
released under bail as low as $2530.
Mr. Morse is under $20,000 bonds al
ready. To ask another $20,000 is In
accordance with the brutal and unrea
sonable conduct of.' the District Attor
ney on Sunday, when he sent, three de
tectives down the bay to arrest in a
sensational and ostentatious manner a
man who had -traveled 3000 miles to
surrender himself."
The ball was furnished by the sure
ty company which gave bail for Morse
yesterday. . .
Attorneys for Morse announced - today
that preliminary steps have been taken
In a motion to vacate the attachment
against Morse's .property taken out two
weeks ago by Charles A. Hanna, receiver
of the National Bank of North America.
The attachment is for $343,000.
"WESTERN BUYERS 1 XEW YORK
Estimated 5000 Are There to Select
Goods for Trade.
NEW YORK. Feb. 18.-Tlie steady In
flow of buyers from the West and South,
which began a week or more ago. Is con
stantly increasing, and day by day hun
dreds more are added to the already large
army of them in New York. It is now
estimated" that there are nearly 5000 of
them in New York, each one with orders
for large quantities of goods of every
description for the Spring and Summer
trades. In almost .every case, the buyers
Dinner Set Sale pTofodc? sets which
are sold down to only one or at the most two of a style
our desire to reduce these lines quickly results in tre
mendous savings for you. Read .well:
DECORATED SEMI-PORCELAIN
SETS.
50-pc. sets worth $4.50 for S3-50
60-pc. sets worth $6.40 for 4.50
100-pc. sets worth $9.60 for $6.90
Cambric
Vals. Sell
Petticoats so alluringly dainty,
so charmingly constructed that
every woman who sees them will
instantly want to own one. They
are made of a fine quality cam
bric, finished with a flounce 15
inches deep that is trimmed
with eight rows of lace insertion
and lace edge. Another style
has an embroidered ruffle
which is trimmed with em
broidery insertion and tucks.
These TSkirts sell regularly at
$3' each special
"today. '.
$2.19
Woman's Nainsook Drawers
v Trimmed with five tucks
finished with three rows
broidery edging. A regular
$1.00 value
Children's Coats In best
m a t e r i a Is, including
Bear Cloth, Astrachan
' and Fancy Mixtures, val
ues $1.50 to $20. Your
choice ....... PRICE
are enthusiastic over the prospects of
business for the future. They say . that
the financial depression of last Fall has
passed away and that there are nothing
tout good times in sight. It Is estimated
that these buyers will spend more than
$100,000,000 with New York Jobbers within
the next few weeks.
A Tramp Attacks Child.
BEAVBRTON, Or., . Feb. 18. A young
tramp, apparently a typical railroad track
hobo, made an unsuccessful attack on
Dorothy DeBere, the 6-year-old daughter
of C. O. DeBere, city marshal of Beaver
ton, yesterday afternoon, and while the
father pursued the wrong man. escaped
down the Southern Pacific toward Port
land. The child was returning home from Bea
verton, where she had been sent on an
errand, and was seized when passing a
warehouse, right in the town and not
pver 40 yards from a dwelling. Several
minutes later her screams attracted at
tention, and the tramp began to flee.
Suspeiids Temporarily.
LERCHBURG, Pa.. Feb. 18. The Leech
furg Banking Company's bank did not
open Its doors yesterday. It is under
stood the suspension is -but temporary,
and due to the tight condition of the
money market.
Iowa Bank Closes. -
FORT MADISON, la., Feb. 18. The
West Point, Iowa. Bank closed today.
Liabilities and assets unknown.
FOOD FOR YOUNG SALMON
McGowan Gives Ton of Culled Goods
to Government Hatchery.
OREGON CITY, Or., Feb. 18. (Spe
cial.) Senator H. F. McGowan. of
MoGowan, Wash., has backed his in
terest in the propagation of Columbia
river Chinook ealmon with one ton of
can-culled salmon for fish food. This
information has Just been received by
Henry O'ftialley, superintendent of the
United States Bureau of Fisheries.
Senator McGowan is desirous of hav
ing the fish in the Columbia river
hatcheries fed until they attain a
growth wherein they will be able to
successfully combat with their ene-
Lewiston Bonds for Sale
GILT - EGDED proposition
in the way of $52,000 in
bonds of the Lewiston Land
A
& Water Power Company, "subject to
prior sale. These bonds bear 6 per
cent interest, payable semi-annually.
Full particulars by calling on our
bond department.
SAFE DEPOSIT BOXES S4 AND UP PER YEAR
eraian American Bams;
wSSdSS?on sts. PORTLAND, OR.
WHITE SEMI-PORCELAIN
SETS.
50 pes. worth $4.4, for... $3.44
60 pes. worth $5.60 for. . .4.50
100 pes. worth $8.70 for. . .$6.82
Skirts; $3-
for $2.19
and lawn ruffle. Ruffle
of hemstitching and em
83c
Children's Dresses In
various styles, made of
go'od materials, sizes 2 to
12 years, values from 85c
to $1.25 63
And from $1.50 to $2.00
at ...9S
mles. during their etay in fresh water.
From the Little White Salmon Sta
tion on the Columbia during the last
week Uiere has been shipped by the
United States Bureau, of Fisheries
600,000 Chinook salmon to Seufert, Or.,
where F.- A. Seufert has two large
lakes, where these Ash have been lib
erated and will be fed and cared for by
the Seufert Bros. Canning Company
until they reach a growth of four or
five. Inches, which should be In the
latter part of next May or early In
June, when the lakes will become a
part of the Columbia river and the
fish will be naturallyllberated.
One hundred thousand rainbow trout
fcgge have been received by Superin
tendent O'Malley from the United
States Bureau of Fishorles Station at
Manchester, la., making a total cf
500,000 trout that have been received
this season. All of theso trout will
be distributed during the coming
Spring and Summer from Clackamas
Station.
CUT THIS OUT AND SAVE IT
So Majiy People Here Can Be Cnred of
Stomarfa Troubles by Taking This
Simple Mixture.
There are so many people who suf
fer from Stomach Troubles that tha
following mixture will be highly ap
preciated by them.
Get from any drugstore one ounce
Compound Tincture of Cinchona, one
ounce Prosene Compound, and half a
pint of good Sherry wine. Mix these
together and take a tcaspoonful In a
little water before meals and at bed
time.
Stomach Specialists claim that Indi
gestion and Dyspepsia are caused by
the, failure of the Gastric Juices to do
their work. ;o overload our stom
achs, giving them more to do than they
are capable of; the consequences ,are
the undigested food lies In the stom
ach and becomes sour, creating Indi
gestion and DyspepKia.
T4ie Prosene Compound in the ahove
mixture supplies the stomach with arti
ficial Gastric Juice and digests the
food that your stomach refuses to
take care of. This digestive compound
Is put up only by the Cooper Pharmacol
Company, Chicago, and can be taken
alone in three to five-drop doses in a
little water, but preferably in the
above mixture, as the Cinchona and
wine make an excellent tonic.
If vou suffer with Stomach Troubles
try . tills mixture. If not. cut this out
and hand It to some friend.
r