Morning Oregonian., April 14, 1908, Page 5, Image 5

THE MORNING OKF.dONI.W, TUESDAY, APRIL 14. IPOS.
CHANGE ALDRICH
BILL AND PASS IT
House Leaders Propose to
Leave Only Skeleton of
Currency Scheme.
ALDRICH QUITE RESIGNED
ncptibltmn Cmtcna Will Pmhnbly
tifctpf w Mesmire Vrreland.
Omm fusion to Irft Cur
rency Ilcform hcltemr.
WASirviTO. April l.t Thit th
AInrli'h I'urriiry hill, ss parsed hy the
gnan, will not he r or cur red In by the
lloiiw ols tho oon iciUm of many Me
p. i hp ran members of th lowT cham
ber. Indeed, fhnt any currency hill will
be pawed at Xhtn session is not positively
Assured, hut. If plans which wern ma
tured today by the Republican leaders
In the House nr approved by a Repub
lican cnu u to bo held next week, the
Aldrich bill. In an amended form, will
hermn a law.
The Republican lenders have nsvr
t tried In n purely Informal way ths
with certain amendments the AMrlch b:
ran et enough supporters In the H"i;
to answr It pasture, and Senator A M
rU h, it l satd. hna Informed them tt
the amendment they have in mind
he attafaetory to the majority In t h.
ISeuatA. To tho caucus will bo submitted
a, new currency bill drafted by tho Re
publican leaders In tho House and I
troduoed today hy Representative Yreo
land. of New York, w hioh em bt Mies o
much of tha Aldrich bill as they f.v ?
con Aden t of and In which are tncorpo'"
ted tho amendment a nitreed niMn,
Create Monetary Commission.
Aa It Is generally rrcogniwd that sen
ttmt In tho House In favor of such a
radtral reform in tho National monev
system as a change from a bojid-secured
to an asset currency is not strong
enough to uphold tho Powior bill, the
nuestion tn the caucus will be simply
whether there shall bo an amended
Aldrich bill or no financial hill at all.
If by tho time the caucus moot a the
Semite haa not enacted tho promise of
Senator AldrVh to pass a currency com
misstvm Mil. such a bill will be agr-eci
upon by tho caucus and passed hy ti
House Tt is believed tt will go throng
tho Senata.
In support of th no-legislation idea
If la suggested that such a course would
toave tho Republican party without in
cumbrance at tho Chicago convention
and enable tlio free shaping there of a
financial plank.
Moots Bankers Objections.
Tn tho bill introduced today by Mr.
Yreeland tho AMrtch bill, so far as it
appertain? to tho tssuoing of currency
on municipal bonds, 1a loft unchanged.
The section of tho Aldrich hill which
changes tho present law for reserves is
stricken out entirely. This is tho section
which has met with the most objection
from the banks, both in the country and
reserve cities. The last clause in the Ai
drtch bill, commonly called the I Fol
lette amendment, is stricken out. These
section were eliminated on the theory
that neither one was necessary to a
purely emergency bill and on the agree
ment that tho bill should be held as close
ly aa possibly to its purpose of providing
simply for an emergency currency; that
it was not desirable at this time to go
into a revision of the banking and cur
rency laws, but that the work should
be and would be taken up by a commis
sion to be created by Congress.
Kcmoves Bond Prature.
In the Vreeland bill a section is
added to the Aldrich bill to meet the
objection of the Western and Southern
banks that they own no bonds, such as
are required for security under the
Aldrich bill; that they do not feel able
to divert t heir money to the purchase
of such bonds, and that all of their
funds are required in the no ode of their
business. The new section creates an
a gem-y for the handling; of ordinary
assets of hanks including commercial
papers. I "r.der this section grroups of
National banks not lcss than 10 in num
ber and having; aggregate capita! and
surplus of at least f 10. 000. 000. may
form voluntary associations to be
known a "National Clearing: Associa
tions." It ii lea for Organization.
Such an association shall have officers
and a board of directors elected from the
representatives of the banks composing;
tJ-e proup. and shall be organized and
governed according to rules to be pro
scribed by the Secretary of the Treasury.
Arjv bank bclonglnp to such an associa
tion mny deposit and assign to the asso
ci alien in trust such securities, inoludinp
commercial paper, as may be satisfactory
to the officers of the association. The
.issociation may thereupon make appli
. aticn to the Controller of the Currency
;n teliaif of the depositing; bank for au
i Mcriiy to issue additional bank notes to
u amount not exceeding T. per cent of
I'-e civt value of the securities so de
posited. The association is made a de
pository for the purposes of the act only.
Provision for Kedeitiition.
T'pon failure of any bank to retire Us
ir 'u!,itinc nvtes the association can seH
a puhllo sale the securities deposited. If
t here should be a deficiency after the
sale, that defVVnry is made a fir.t lien
upon t'-:e assets of the bank Issuing the
notes. If there should still be a deficiency
the assets of all the banks bcVoncmgr to
th aociatton are made liable in the
payment of the notes
All the other provisions of the Aldrich
Nil av made applicable so far as they
rrV to this section.
The mebtods of existinp clearfnjr-house
associations aro used Sa" far as possi""!e
n farming the provisions of the Vreclar.a
bill. It has no: been thol:cht best to
riab'e cx'srir.p clarmp-house associa
tions nor to exercise Government con
trol over them.
RIM. HAS OM.Y OXE FRIFAD
Rankers Almost I naninxu-ly Jump
on Currency St-lieme.
WASHINGTON. AprM T;;.The A:drch
frunfijil bll. as passed by th S-natc.
r a s handled wt ho::T pvfj tod? v K
rekers before the Rouse comm'Ttee -
hankr-p and currency, whie'n i eonsid
!n(t r he measure. With t: exception
of 'harlje Glover, president of the
H'.rrs National Park, of tlus city, none
of those who spoke today favored The
passage at thfs ime of a.n cmcrsrency
measure. The sentiment was almost
unartmo'is that if a permanent financial
b:'! eannot became a law now. no at-t-n:pt
should be made to amnd the
prern.t 'a ws.
The speakers who followed Mr. Giovtn
rpreaentlrp Interests In Minneapolis. ft.
iau BosujDj New Tork, FhilajicXptii
and Richmond. Va . took issue with bie
statement that financial conditions have
pnt improved and said they saw no signs
of an Impending panic.
An assets currency bill was favored by
many of the speakers and the appoint
nient of a commission to Investigate thi;
whole sub loot anf report to ion press
was generally favored.
The hearings will be resumed tomor
row.
MEASC HE HAS NO KKITTVRS
B.i n k n A I mst a I" nit In O ppoi n g
Aldrich Rill.
ClirrAdO. April JS The Tribune to
day says:
The Aldrich currency bill, now beinp
considered by the House committee on
hanking and currency has met with
opposition from tho clearing-houses and
National banks In practically every city
In tb country. F.ven the state banks
and the trust companies which are di
rectly concerned in the act. hav voiced
their displeasure at the proposed law.
A canvass of the National bnnka of the
country shows that practically ev
ery one of them fears the effect of
the hill In case it becomes a law. The
most Important exception to thia the
only la rare institution which favors tha
bill la a large Washington institution
which haa millions of Government bonds
in Its vaults. There are bankers through
out the country, who although opposed
to the hill In some particulars, are will
ing to accept It as a temporary guard
aealnst a repetition of the recent panic,
but the majority declare it to be not
only a useless but a harmful measure.
In a total of 421 banks In 37 cities. 11
declared In favor of the bul. while 410
voted against it.
MERCHANTS FKiHT THE BIIX
New York Association Load Oppo
sition to Aldrich Measure.
NEW YORK. April 1 :l. The Mer
chants' Association of New York will
send a delegation to Washington next
Wednesday to appear before the Houso
committee on hankinp and currencv In
opposition to the Aldrich bill, aceordlnp
to an announcement made today. Tho
delegation will be headed by I.
Vage. chairman of the Association of
f'ommerctal Law. which has been in
correspondence with similar commer
cial orpantJiations throughout the
Tnlted States on the subject of curren
cy legislation. More than 40 of these or
ganisations have reported to the Mer
chants' Association the adoption of res
olutions against the Aldrich bill.
CRIME IN THE FAR NORTH
Two Americans Arrested for Attack
on Young; Russian Girl.
PKATT1.K. April n. A special to the
Times from Valdcs. Alaska, says that
according to advices reaching here from
Kodtsk and Afognak Islands, as a result
of Investigations made by the local au
thorities, two Americans, both of whom
occupy prominent positions in the Gov
ernment service, are under arrest for
attacks said to have been made by them
on a J 4 -year-old Russian girl. O. I..
Grimes, a teacher In the schools on Afog
nak Island, is one of those charged, and
C. r. Henkel. superintendent of the Gov
ernment fish hatchery now under process
of construction at l-etnick. is the other.
The preatest indignation prevails among
tho whites and the better class of na
tives. In addition to the two cases of record,
the Government officials are In posses
sion of affidavits making similar charges
against others, and warrants are ex
pected tn be issued shortly. The details
of the charges are almost beyond belief
and point to a reign of licentious law
lessness which, if anything, surpasses the
acts of the crews of the Arctic whaling
fleets.
ADVICE TO GERMAN VOTERS
Committee Will Send Out lnt of Fa
vored Candidates.
German folk will be advised to select
for their votes in next Friday's pri
maries from a list of candidates recom
mended by the Consolidation of German-Speaking;
Societies of Portland and
Oregon. Today a committee, headed
by Otto Kleeman. will complete the
recommendations.
Lenders of the united societies deny
that their orpa nidation ha selected a
ticket or Indorsed candidates. They say
this course would hardly bind German
f ol ks to vote unitedly for any list of
candidates. The societies have simply
picked out several candidates for each
of certain offices, and recommended
that members choose therefrom. It is
reported, however, that the committee
has indorsed Pulton for United States
Senator. Mr. KleemAn Is president of
the united societies.
Wrestling Tourney1 Ends.
NKY YORK. Anril 13. The finals in the
National Amateur Athletic Union wrestl
ing championships were decided tonight,
at Madison-Square Garden Concert Hall.
Following are the winners:
lVwpound class R. i?ohwart, Boise
Club. New York.
Heavyweight class J. Gunderson, Iover
Sporting Club. New York.
1 impound clas T. A. Pale. Yale A. A.
H.-pound class Max Riley, German
American A . C . . New York.
pound class Car! Anderson. Swedish
Gymnastic club. Boston.
115-pound c'asGoors'e IVmert. Na
tional Turnvcrnein. Newark, N. J.
J - p o u n d c 1 a ss G . S . D o i e. Y a i e A . A.
Ripley Has Sudden lllnes.
RAKFKSKIKLP. 01 . April 13.-Fres
dent B- F. Ripley, of the Santa Fe Rail
road, during: a visit to his son. who is
superintendent of the Pant Fe properties
in the Kern River oil field, was forced to
seek the assistance of a local physician
Sunday r.l too'.ay. on account of ear
t rouble, i-b' h3 d a severe abscess in the
left ear and a slight one in the right
ear.
Anarchist Hull to Die.
PARCEliOX.V. April lS.-Jean Rull.
author of the attempt to assassinate
King Alfonso at Madrid, and three of
bis accomplices, who had been on tnai
here for complicity in tho recent stories
of bomb explosions and anarchistic out
rages, were tday found guilty. Rull
was sentenced to death and the others to
imprisonment.
Pnnteh Texas Railroads.
AUSTIN. Tex.. April 13. Suits for pen
altie aggregating over Si .vo.ono from
each defendant were today filed in the
TVsrriot Court by Attorney-General Da
virrn Hp?'rict the Houston & Txas
Centrnl. Houston Hast & West Central
and Gulf. Colorado & Santa Fe railroad
companies for failure to obey orders of
the Railway Commission issued last July.
Examine Pittsburg AVitncie.
NF.Y Yn K. April IS. Josfah Cohen,
of Pitf-hura tr-day was appointed com
missioner to take the testimony of
seven Pittsburg; witnesses in the suit
for annulment of the marriag'e which
Evelyn Nesbit Thaw has Instituted
against Harrx X .Thaw
BIG NAVY IS ISSUE
House Will Debate Question of
Four Battleships. 4
INCREASE IN PAY DEFEATED
Hobwin Argnra for Strong Xiivy nj
Only Possible rWnnne of Phil
ippines OppotuNi Fortify
ing Manila By.
WAfHTNOTO April 1t.-t'nltwkvl-for
proffrR was maita hy th Hour, todny.
Tf conMdwcrt tht- trvhI Approrrhitlnn bill.
AVhftn It m l!t mrHAn tnr tho Jny It hurt
Neon only hnlf dijipruwl of. nd tho dvo--t
of tho four tMttloohlpa worn allien
Injr thomoolvoo. In propjirRtlon for tho
flpht on thot subjoot. which probhly will
ocruf tomorrow.
Tho hope of tho offloor of tho Navy
nd Marino Corps for an Inrroasn In pay
woro daahnrl to tho irronnd whrn, on a
point of orrtor hy MaiMon of Jlllnnta,
thoro was striclron out of tho bill tho pro
vision for mich Incroaao, On a similar
point hy Murtd of Maryland an amond
mont by Partholdt of Mlaourl forblrtdtnir
naval or marine bands cceptlnjr private
oniploymont In competition with civilian
mustrlans m-aa loot.
When tho provlalon r.!otlna to tho naval
otatlon ,t Olonirnpa, Philippine Inlands,
was reached, tho old controversy over the
fortification of Sublg: and Manila Bays
cropped out. Hohsnn declared that any
one who wonld choooo between tho two
would not ohonoe Manila Bay. Tho whole
question, he aaid. waa simply ono of de
fenoo.
"Wo cannot hold Sirel Bay ton days."
ho said. "Wo can hold Manila Hav 50
day."
The' only way to hold tho Islands at all,
he asserted, wni to control the sea. At
present tho I nltod States had only tem
porary control. He contended that an
army from Asia could land and take 8u
hlB Bay from tho rear without any as
Hlsranco. and then proceed to carry Ma
nila City and Manila Ray.
"Hut."' he said, "the lines would be
drawn In, and the army estimate it could
hold out 00 days."
Prooscd by Jonea of Vlrjrinla tn state
If ho had such Information officially. Hob
son replied that ho was not authorized
to disclose tho sourco of his Information.
ESTABLISH BVRKAU OP MIXF.S
House Committee Recommends the
Passage of Rill as Drafted.
WASHINGTON. April IS. The Houso
committee on mines and mining today
agreed to recommend the passage of a
bill drawn by a subcommittee for tho es
tablishment of a Bureau of Mines In tho
Department of the Interior.
By tho terms of this bill It shall ho the
province and duty of tho new bureau "to
foster, prompt and develop the mining
Industry of tho United States; to make
diligent Investigation of tho methods of
mining, the safety of tho miners, the pos
sible Improvement of conditions under
which mining operations aro carried on,
the treatment of ores, tho use of explo
sives and electricity, the prevent ion of
accidents, tho values of mineral prod
ucts and tho markets for the same, and
of other matters pertinent to said In
dustries, and from time to time to make
such public reports as tho Secretary of
the Interior may direct of tho work, in
vestigation and information obtained
with tho. recommendation of such bu
reau." Provision Is made for the government
of the bureau, under the Secretary of the
Interior The Commissioner Is to be ap
pointed by the President, at an annual
salary of JnOOO.
SCHEME TO END THE AGONY
Watson to Confer With Roosevelt on
Early Adjonmmcnt.
WASHINGTON, April IX After a brief
conference with President Roosevelt to
day. Representative Watson, of Indiana,
the Republican "whip" of the House,
said that he had mnde an appointment of
tomorrow night to discuss with the Pres
ident the programme of legislation for the
remainder of the session. Mr. atson
has In mind a plan for adjourning May a.
understood to have been formulated by
Republican leaders in Oonaarress. The dls-
cussion tomorrow night will embrace ell
of the features of this plan and Presi
dent Roosevelt will undoubtedly make
known his desires on the subject.
FORAKER OFFERS AMENDMENT
Suggests Change In Commodities
Clause of Rate Bill.
WASHINGTON. April 13. Senator
Poraker today introduced an amendment
to the railroad rate law passed Juno 29.
1S06. providing that the commodities
clause shall not apply to properties owned
by the railroads prior to the passage of
the law. The effect of the amendment
would be to permit railroads to continue
to transport articles mined or manu
factured by them and which they own
wholly or in part, if that ownership ex
isted at the time the rate bill became a
law.
It would prevent railroads from acquir
ing additional mines and transporting
their outputs in the future.
senate Hears Scott Speak.
WASHINGTON". April 13. The brief
session of the Senate today was devoted
to the transaction of routine business
and the delivery of a speech by Scott,
of West Virginia, chairman of the com
mittee on buildings and grounds. Scott
appealed to the Senate to make ade
quate appropriations for public build
ings In Washington City, so that offi
cial business migrht be transacted with
the greatest efficiency and economy.
Treaties Sent to Senate.
WASHINGTON. April 13. President
Roosevelt today transmitted to the Sen
ate treaties with Great Britain in rela
tion to fishery questions on tho Great
Lakes anrt the boundary between the
United States and Canada. An extra
dition treaty with Spain also was sent
to the Senate.
Beverldge Talks at Harvard.
CAMBRIDGE. Mass.. April 13. The
Harvard Union Hall was thronged with
the students tonight to hear an addresa
by Senator Beverldge. of Indiana. Ear
lier in the evening Senator Beveridge
m-as dined by members of the Harvard
Indiana Club, in the trophy-room of the
Union.
Dalzell Not Shnt Out.
PITTSBURG. April 13. Congressman
John Dalzell was not defeated for dele
gate from the Thirtieth District to the
I Rcpublicaa .National Convention, aa was
il , . ( :
Hi! r -:
V .M
!'!! :
m
i it 1 f !
ifT.-i '-
S a:;:
'Mi I ii-:!,!'!: !'
Piiiiili
ji:!!;
1 1 :
liiii'ii
j : ( I -. i : i
!
i '-'in
i!!'ij
''I!!
ii.!!l:!!! i I i i I
i
I'M
it
PI
II
Ml:'::
il!!
I i ll
llilii! i II! T
i ;i Hi i i i
i!lili!:f
in
j;:!!nli!:'!T!ii
iiuijiiiiilir1
li'ij'i-ii'ii1
!
lili
!i:li
11
li
illiil!
!j HI j !
l!!l!llll:l!:i:
! ImIII iliijia il
"iiil'Nii!!!!1';
'::!!!. '"'iili1!'1'
i;iii!i!ii;;!i!:;iii
J!!iliiii:!!'iii!ii:i:
Yli" :'iii:i!i!:i
iilii!!
Iilhl
!;tM!;i;i'ti
!! i
1
iljliiji!:
: , in .
r Mil
i-ii'iii'f
i 1 !;
HII'!;!
: . 1 , 1 1 1 ! ! 1
iiiiii
liH1
mil
i m
I I
!l
1
!; iii
Hi'i
iiii'iH
l!H'
lii'i.
I ;! !
I :!
Ilill!
I
iiill
"i.ih:
is
ljii!il::' jj
I i: !'
indicated in the earlier returns of Sat
urday's primary election.
WAR TO KXIFE OX St'LXJVAX
Chicago Democrats Will Hold Con
test In p Ward Conventions.
CHICAGO. April 33. Cook County, in
which Chicago is situated, is a unit for
Rryan. -but it is not so for democratic
Xational Committeeman Roper Sullivan.
The conventions last week nominated a
delegation to the state Democratic con
vention strongly for Bryan, but also
staunchly supporting Mr. Sullivan. At
a meeting of the Federation of Bryan
dubs here today, plans were completed
for the holding of a contesting- ward con
vention in opposition to the conventions
held last week.
In nearly all the ward? of the city anti
Sullivan conventions will be held. The
dfleg-ates elected will ask secngnitton
from the state convention, and that being
refused, will appeal to the National con
vention. TAYLOR FAILS TO ATTEND
Kept From National Democratic
Club Dinner by Illness.
YORK. April 1-?. Democrats
prominent in the state and Nation to the
number of -loo gathered tonight at the
HotPl Knickerbocker, where the birth
of Thomas Jefferson was celebrated by
a dinner of the National Democratic
Club. Illness prevented the attendance of
two of the promised speakers. Senator
Robert L.. Taylor, of Tennessee, whose
toast was unassip-ned, and W. M. Shap-
pard. who was to have responded to
"Jefferson and the Democratic Party."
The principal speakers were Senator
Owen, of Oklahoma; United States Sezuu
i: I il
l! I II : i H
!i!!l''iji!i ji1 liiiii
il i!;ii.
li i'ljiii'li 1
Mr.Ladd
False
t AHE rumor circulating to the ef
fect that lots
were being
ninety-nine-year lease is entirely un
true. There is not and never has been
the slightest foundation for the report.
We have never in the past enter
tained such a scheme, nor will we con
sider any proposition to lease lots in
Ladd's Addition.
A full Warranty Deed, as well as a
complete abstract, is given to the pur
chaser of every lot.
Lots can be purchased on the in
stallment plan, with easy payments and
interest at six per cent.
Every deed will convey an absolute
title, with no restrictions or reserva
tions, excepting only those Building
Restrictions required to insure the
best class of buildings.
ESTATE OF W. S. LADD
OWNERS OF LADD'S ADDITION
F. W. Torgler, Sales Agent, 106
tor Simmon, of North Carolina, and
President Wood row Wilson, of Prince
ton University.
Investigate Lilley Charge.
NRVV ORLKAXS. April 13. In con
formity with orders received from Wash
ington. Representative Brousard, o'
I-outsiana. today opened in this city a
court of Investigation in connection with
the charges relative to naval affairs
made by Congressman TJlley, of Con
necticut. Stabs His Comrade at Cards.
LX3 AXGELBS. April 13.-
Munn
The deep, underlying cause of every old sore Is a bad condition of the
blood. This vital fluid has become infected with some germ or poison which,
prevents the place from healing. This infection may be the result of an inactive-sluggish
condition of the system leaving the refuse matter in the
body to be absorbed into the circulation Instead of throwing it off through
the nsual channels of nature. Another cause is the weakening or polluting
of this life-stream from hereditary taints, or from the effects of a long spell
of sickness, leaving disease germs in the system. When the blood is in this
condition a sore cannot heal because the impurities with which, the circula
tion is filled are being constantly discharged Into the place to Irritate and
Inflame the tissues and. further disease the surrounding flesh. The only
treatment that can do any good la one that removes the cause, and for thia
purpose nothing equals S. S. S. It begins at the fountain head of the trouble
end drives out all germs, Impurities and poisons, and then the place, being
supplied with rich, pure blood, heal3 naturally and permanently. Local ap
plications assist in cleansing the place, but a cure can only be affected
through a purification of the blood. Book on Sores and Ulcers and any
medical advice free-, THE SWIFT SPECIFIC CO., ATLANTA, GA.
ENIAL
Contradicts
Rumor
in Ladd's Addition
sold only under a
Sherlock Bldg., Portland, Or.
was stabhed to death by Juan Gonzales
today at Sherman, a suburb of this city.
The men qnnrrelrd over a game of caids.
They are Mexican electric railroad labor
ers. Although pursued by a posse, t he
murderer- tonight was still at large.
Both Americans Win.
VIKNNA. April 13. Both the Ameri
can chess experts were successful to
day In the sixteenth round of the In
ternational rh ess masters tournament.
Marsha?! won from Suech ting- n nd
Johner defeated Swldc-rlski. Schlcchtnr
is still in the lead.
Eye r lapses $1.00 at Metzsrer'a.
HEALS
OLD SORES
i !v!l
iiliillrHl
I
Ill
i1
i
li!!;
III! !
iilii mil I
:,i:,i
iitl
ill!!
'I j i ' : i ! : I ; '
itlii'iiiliiiiiipl1!
,1' ! ;i:ii ::! ii,l
I'll
I !
CONGRESSMAN
W. R. ELLIS
I
Republican Candidate for
RENOMINATION
Seven Years' Experience
in Congress
Hat Resided 23 Years in thia Diitrict
mm
f i '
: V
. 1
w