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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Oct. 20, 1908)
FREE AND ALL Trial of C. W. Morse in New York Discloses Shameful Misuse Public Funds. ICE STOCK'S BIG ROLE Worthless Fnprr Tsoil Indiscriml. nairly to Secure I-oans From Na tional Bank or North America. Clerks Grew Suspicious. N'TTW TRK. Oct. 19. Operations In -Kt -irr;fjB ;ill M pool in if i 4 I hafnr .IllHfrA Ilnnch in the criminal branrh of the t nit-a Ftntes ourt. wnero i narira ... .i i A T flirt!. M- jrriMent of the National Bank of North America, are nmK irnn " - vlr.lntinK the National nankin laws. The revelation was betjun hy John F. Carroll, rx-ohlrf clerk of the Cijurt of Sperinl Sessions, and vl'-e-presldent of t;ie Koiirternth-Strect Kink. He pro rine..l several letters written about two years aco. some of which were over the signature, of Morse. In these letters it .is shown that Mr. Canrnll had invested $ 117. 71 - in Ire stork in Pecemher. V.ia. the nriminul of the investment carried J v the hank as a loan, with the stork as rollateral. Three riuvs later the transac tion elr.s.-d with a profit to Mr. Carroll of t 707. Mr. Carroll suM that at that time lie was operating with Charles M Srhwah. John W. Cates. Isaac C.tiFKen helm. Charles Harney and Morse. The last named was m.mnKer of what Mr. Carroll admitted was a pool. CnlN Them Adventurers. Jw'.c tlouRh asked some oticstions re Karriinc the pool and characterized Its members as "this association of adven turers." Mr. S. hwnb and Mr. Gntes were other witnesses and each testified to profits on the early transactions In the Ice dealing but subsequent losses. The testimony of Frank E. Tnn-t-'o one of the bank's law clerks, laid bare the huce profits alleged to arise from deals in ice stock and In linr Instanc e, upon which the prosecu tion closclv questioned him. It devel oped that one of the bank's favorites had rierive.l a profit of more than ftmi within a few months from an al leged investment of $113,000. It was apparent to the spectators that the purpose of the prosecutions close questioning- was for no other reason than to show that loans made by the bank on "ice" stock had aroused .suspicion even on the part of the bank's employes. Frenzied Finance .Methods. rmrinc Princle's examination there was introduced a memorandum and a letter showing- the hiifte profits accru ing to Mrs. K. T. ;elshenen as a re sult of one of the "ico" deals. The memorandum was in the hand writintr of Curtis, one of the defend nnts. and bore the address "K. T. Gel nhei.cn. 1"05 Fifth avenue." There was a cashier's check for JJS.RM dated January 15. 1906. bearinK Curtis signa ture. The letter informed Mrs. .ol shenen that her Investment of $25,000 In Ire had earned a profit of J13.SS5. and that she therefore was being sent a check for $3S.St5 to cover the tran saction. Jleinze's Name Prominent. The name of F. Augustus Heinze also was brought Into the case during the examination of Pringle. He told of a lan of $300,000 which had been se cured bv looo shares of ice and 3000 shares of stock of the Rutteriuk Pub lishing Company. Mr. Curtis came to the loan i-okk and carried away these shares, pringle said, leaving- in their plnce a "substitution slip" for the But terlrk stock. This slip later was re placed hy a receipt and subsequently the whole loan was balanced by two new loans. One of these was $200,000 to .Mr. Haglin. private secretary to V. Augustus Heinze. and a second of $! i'i. ooii was niade to Heinze himself. Mr. Heinze at that time was president of the Mercantile National Bank. Prin K.e said. System of Double-Crossing. Continuing his testimony. Pringle told of having repeatedly, under orders, renewed loans in liquidation of old loans on the same stocks and for the same amount. The 4000 shares of ice stock owned by the bank, he said, were shifted backward and forward as col lateral and withdrawn by President Curtis ami re-deposited again from time to time with great rapidity. tin cross-examination Pringle said that the Havldson Brown loan really covered an investment In Ice stock made by Mrs. C.elshenen. Her invest ment amounted to $135,000 and later was closed with a protit of $"9,000 through appreciation in the value of the stock in open market. With a view to bringing the case to nn end at the earliest possible moment it has been practically decided, accord ing to a report current today, to hold niiUu sessions while the court Is trying the case. The reasons for haste are many, not the least being that the Jury, many of whom are ineii with substan tial business interests, must, under the court's order, remain under close guard until a verdict has been rendered. Ice Mock as Collateral. That a loan of tX).0i ohiained for Morse from the Mercantile National H.ir.k through the brokerage house of r'r.mrose & Braim has never b"on paid. d-vekp-'d during the examination of tainii-l Redfern. loan clerk of the Mer .atui.e. The Interest on the loan was r.i'd up to and including September 3. a:id K-dfern said the collateral 4w . hares of "ice s'.ock" is stiU in the ilcr-t.nt- v.iults. J citi Primr.oe. senior member of the Irokerui:' n-tn. told the circumstances ::n.br which the loan was secured, f " -n-r.'se eaM he had been called to the National ti.ink of North America, where he was leld the bank wanted him to make a loan with the Merchants Na tional Hank and that the National Bank .f North America would stand behind t:iem in carir.g for the loan. T le note was made and sent to the batik and was secured by 3O00 shares of "ice" stock. He paid the interest monthly, ns it came due. after collecting from the National Rank of North Amer ica. Finally lie went to Mr. Moppe and tjld him that Vi-e-Pres:dent O'Brien, of the Mercantile, r. as bothering him about the li.an. Morse Instructed Him. "Mr Morse told me to have nothing to do with Mr. O'Brien." he said, "but to go and see the people in the bank down town about it. I inferred he meant the people of the National Bank of North America." This is the loan which Redfern testified has not been taken tip. n. . ee. im ice-pittfident of th National BankJ BANK S GASH TO ANY of North America, said he was certain Vice-President O'Brien, of the Mercan tile, had complained of the ice stock be hind the Primrose & Braun loan, and he was sure that President Curtis "sweetened" the supporting collateral by adding other securities. , DETECTIVE JONES DEAD Popular Member of Police Depart ment Passes Away. City Detective William Jones, one of the best-liked and most-efficient members of the department, died at 9 o'clock yes terday morning, from cerebral hemor rhages superinduced by worry over the death of his daughter several months ago. The deceased officer is survived by his widow and a brother, Joseph Jones, of this city, and other relatives in the East. Mr. Jones was born at Muskegon, Mich., 36 years a so. and has ben a resi dent of Portland for over 15 years. On Mav 5. IS"! he became a member of the Police Department, and by steady and faithful attention to duty had earned several promotions. On the resignation of Sergeant T. W. Taylor two years ago, Jones was promoted to succeed him in that position, and until one month ago, when he was elevated to the rank of de tective, he had held that rank, although most of the time he was Sergeant he performed the duties of a detective. De tective Jones was one of the men who worked up the case against Edward H. Martin, and until stricken with paralysis about one week ago. he was in attendance each day at the trial of the accused mur derer of Nathan Wolff. Arrangements have not yet been made for the funeral, which will probably be held In Portland. HIT BY BULLET FROM TRUNK liuggagcmnn Kecclvcs Ugly Wound While Loading Trunk. PENDLETON. Or.. Oct. 19. (Special.) Kenneth Hannum. night baggageman t the O. It. & N. depot, was severely Injured last night, when a loaded pistol In a trunk which was being unloaded from the Spokane train, went off and the bullet struck him in the arm. For tunately the loaded missile struck the metal cornerpiece on the trunk, and al though It tore away a part ot the cast iron and took It with it. the forco of the bullet was mostly spent when it struck his arm Just above the elbow, tore along It to the shoulder and then passed out the bark of his shirt. The trunk took tire, but was broken Into and the flames extinguished. It was then discovered that the bullet was from a huge 45 Colts revolver. every chamber of which was loaded. About the time the locK on tne irunK was broken the owner arrived and be gan a tirade, but immediately subsided and quickly disappeared when the en raged railroad employes were about to mob him. The trunk was seized and an effort is now being made to locate the owner. ARREST BANK CASHIER Trusted Employe Accused of Steal ing $800 In Vancouver. KBLLIXGHAM. Oct. 19. Richard Stephens, formerly a trusted messenger at the Canadian Bank of Commerce In Vancouver. B. C who was arrested late yesterday In this city on a warrant charging embezzlement from the Van couver bank, was taken home this morn ing by William McLeod. Chief of the Canadian Detective Bureau at Van couver. Stephens is accused of having stolen from the bank. He was coming here to meet his wife. HINDUS MAKE OBJECTION Send Protest to India Against Vic toria Authorities. VANCOUVER. B. C. Oct. 19. Hindus at Victoria object to asportation to British Honduras, and have had a tele gram sent to the Secretary of State for India and a copy to Sir Wilfrid Laurlcr, In which they say the Sikhs In Victoria protest against possible removal to British Honduras. They declare they are willing to stay in Canada, and if forced to vacate Can ada, they would prefer to return to India. MILL PUTS ON TWO SHIFTS National Box Company at Hoquiam Working Night and Pay. HOQt'IAM. Wash., Oct. 19. (Special.) The large mill of the National Box & Lumber Company put on a crew of 1j0 men tonight and startea worKing aou- ble shift. Henry Wick, of loungstown. O.: Messrs. Finch. Hussey ana Camp bell, of Spokane, all heavy stockholders in the concern, are in the city for a few days attending the annual meeting of the stockholders ana lneiaeniauy tne industrial fair and exposition. Will Select Station Site. ASTORIA. Or.. Oct. 19. (Special.) Captain Oscar Wlcklund, or tne roint Adams Llfesavlng crew, win leave To morrow morning for Seattle, under or ders from the Department, to assist William M. Oeddes, of Washington, in selecting the sice for the life-saving station to be maintained at the Alaska- Yukon-Paoinc Exposition next year. Jndge Emery Speaks at Woodland. WOODLAND. Wash.. Oct. 19. (Special.) Judge Emery, of Everett, delivered an eloquent address to a large and entnu siastic audience here this evening upon the political Issues of the day from the Republican standpoint. Cowlitz County Is safely. Republican by 100) majority ? - i i f ! ' I : 4v x x ; i , x if - - V 1 It XI -I'll 4 ' The Late William Jones. .......... DEPOSITS PILE UP Increase in Oregon Banks $2, 000,000 Since May. REPORTS FILED AT SALEM Individual Deposits Show $75,600, 000, With Banks Carrying in Cash $12,700,000 Reports Are Dated September 23. SALEM. Or.. Oct. 19. (Special.) The banks of Oregon, both Slate and National, have $1,000,000 more deposits than they had last July and about $2,000,000 more than they had last May. This is shown by the statement issued today showing the condition of all State end National banks on Septem ber 23, the date for which the last statement was called. The individual deposits amount to" $75,600,000 and the banks are carrying in cash $12,700,000, or about 1 and two-thirds per cent Of the individual deposits. The condition of either State or Na tional banks at this time cannot well be compared with their condition three or six months ago, for the reason that some State banks have been Na tionalized and new banks have been formed. The May report was the first one the State banks were required to make. In the office of the State Bank Examiner is the only place where com plete bank statistics are gathered in this state. The September statement follows Items 2. nana and discounts Overdrafts Securities, bonds, etc Banking house furniture and fixtures Other real estate owned Due from banks and bankers Checks and other ca-ih Hems Exrhanscs for clearing-house Cash on hand - Vnlted States bonds to secure circulation, t'nlted States bonds to secure deposits... Vnlted States bonds on hand I remlum on United States bonds Five per cent redemption fund F.xpenres Other items than above Totals S53.SS: Liabilities. Items Capital stoek Surplus fund VridlvMed profits Dividends unpaid Hue to banks and bankers Individual deposits Deposits due Slate Treasurer Vnlted States deposits Deposits fnlled States disbursing officers Notes and bills rediscounted Bills payable C'D Issued for money borrowed National banknotes outstanding Beserves for taxes Other liabilities Totals OPPOSE TAX AMENDMENT Spokane Churches Adopt Resolution Objecting to Proposed Change. SPOKANE. Wash., Oct. 19. (Special.) At a meeting of the General Minis terial Association of Spokane today, which Includes nearly all of the Protes tant churches of the city, a resolution was adopted otrongly opposing state tax amendment to be voted on at the November election. The resolution was proposed bv V. V. Hopkins, sec retary of the Y. M. C. A., and was passed without a dissenting vote. The resolution declares that certain influ ences are at work threatening to im pose a burden of taxation upon the churches, and recommends that all members of the association inform themselves of the proposed amendment and present the question to their con gregations. GREEK SLAYER SENTENCED Fifteen Years for Killing Country man In Fit of Jealousy. ABERDEEN. Wash., Oct. ID. (Spe cial.) Clarence Pappas, a Greek con victed of murder in the second degree for the slaving of his countryman, Theodore Karinis. was this morning sentenced by Judge Irwln to serve a term of 15 years In the State Peniten tiary at Walla Walla. E. H. Fox, at torney for Pappas, gave notice of ap peal to the Supreme Court. Pappas killed Kirlnis in this city sev eral months ago. it is said, because of Jealousy of a woman with whom both men were enamored. Pappas put in the plea of self-defense on the ground that Kirinis .first attempted to kill him with a razor. DOES NOT FEAR SENTENCE Martin Kxpeets to Emerge From Prison Stronger Than Before. Edward Hugh Martin, convicted of We Jell Shorn this to your doctor and as him if he knoios anything better for coughs, colds, bronchitis. Complete Formula Ayers Cherry Pectoral NON-ALCOHOLIC Each Fluid Ounce Represent Heroin . Wad Cherry Orindelia Bobusta White Pine . Senega . . . Grain 6 Grains 4 Grains 4 Graus 4 Grains Water Safficien . to make one fluid ounce. We have no secrets! We publish the formulas of all our medicines. J. C. AVER CO., Manufacturing Chemists, Lowell, Mass. manslaughter for the alleged murder of Nathan Wolff, the First-street pawn broker, is to be sentenced by Circuit Judge Cleland at 9:30 o'clock this morn ing. Martin does not worry, apparently, over the prospect of going to the State Penitentiary for a term of years. When asked about it he remarked that he would rather be behind prison bare than enslaved by the morphine - habit. He tha - HiT.fT.r bis term he mar be able to break the habit so effectively that he will be pnysicauy sirunger wucu -(.tn ... a inner infprence with his attorneys. John A. Jeffrey and Seneca Fouts, and could not De seen, u s oi believed, however, that Martin will take tn he Snnreme Court. It will be in the discretion of Judge Cleland to impose or not to impose me nuumimu penalty of 15 years. ..icitoir bim nerain ves- lariiii r 'ic - terday. She found that her husband bad rested well Sunday tngm. as of the trial, and the shadow of the gal lows were removed trom nra mmu. STRANDS GERMAN PLAYERS rutrsT PACCIXT DECAMPS WITH COMPANY'S FUNDS. liaises $2000 to Present German Plays Manager leaves Town Company to Continue. Ernest Tacully enjoyed a brief but successful career in portiana. no here with a company of German aciu.. and actresses and succeeded in Inter esting Portland's German citizens in hi. proposition to produce a series of plasi in German in this city. A -ulMcrtp- nH enmetninrr ovei tlon was laiicn ui' ------ - $2000 was subscribed for the purpose of promoting the "P'"- . i hnun produced at th three piays n"" - i,ii,it, . r, a,,H each was highly ijyric inronii ...... successful as far as patronage was 12S State Banks. . .24.MS.1S.M 7rtn..-.10.:i-J . . n.oo.'jr.rT.oK l.'J!'!.404.!Ht 4JS.4.'t7..V. . . 9.4.14 jo.-i.i n.r.H H4-' :;;.-..7i . . 4.90C..533.34 6.-. Nat. Banks. IIU.StW.BS.VM 40t'i.SS.2'.! 4..V.l.llo. -J5..ri9S.:ta 1 -.!).. -.7 !4 10.00U.;0.rtl 2tV!.".!44.4'i tln.-i.SOI.n" 7. 74T.. 610.O7 S.OIIO.000.00 3,!tlS.iK.O0 :;44.7so.oi Hill. 74 l.-.S.O!'7.00 01 Aisft. S7 68.368.94 Total, e 40 S.-17 ssn sa l.-J"J7.!s S4 3 5. 040. 365.30 2 2jr..000.2M 5SS.Olfi.47 19.524.072.53 405. 355. !W 616. 256. 7S 12.712.152.41 :i.06it.6oo.oo 1.01S.6O0.00 344.7SO 00 120.691.74 153.097.00 149.342.S2 Ssn.3S0.4tt RK.2til.iiri 3i:i.'jsi..vj 170.53 S55.1U9.1 90. 73 $108,991,501.29 I2S State Banks. $ 6.sm.5S:t.42 1. 300.074. 3 1.155.126 12 2.524.111 3.341. 735. S.5 4u.3on.s50.lrt 1U1.924 45- 05 Nat. Banks. 4. 0OI. 0110.00 2.775. 494. 46 1.144.927.21 2.399.50 B.046.224.59 S5.320.sSS.42 171.053. U 1.475.3111.03 499.086.42 Total. I 11.41 1.5S3 42 4.136.46S.S2 2. 300.053.33 4.923.60 9.3S7.900. 44 75.621. 73S.5S 1.475! 301 .03 499.9SI1.42 15. 02S 00 240. 551). 00 46S. 1 09.07 2,876. 4S0. 00 17.359.26 256,951.74 15.02S.oo 246.55n on 331.1119 07 137.niH.00 2.K76.4SO.OO 15. S00. 00 42.636.00 1.559 26 214.315 74 )03 5.-,. 109. 190. 73 $108,991,561.26 concerned, it is presumed by Oscar H'ahn nnd other members of the troupe that such prosperity proved too much for Jlerr Pacully. for, according to Hahn. Pacully has gone, taking with him all the funds that had been sub scribed, together with the receipts of the last performance. Before going he forgot to remunerate the players of his company, and the 14 exponents of the folk plays of the Fatherland are stranded in Portland. At a meeting between the representa tives of the troupe and a committee of German citizens yes-terday. it was de rided to continue the enacting of Ger man plays in this city, and the com pany has therefore been reorganized and Will render its first production Fri day night at Arion Hall, Second and Oak streets. In charge of the newly-organized company will he Herr Ascher. who will continue to act as stage manager, with Brcltbarth. Winter and Hahn as busi ness managers. The first production will be "Dor Wohlthaeter der Menschheit." This play is one that deals with the story of the death of Kaiser Friederich I. and the conflict between the physicians who attended the late monarch. This play, for politi cal reasons, was one time prohibited in Germany, but the ban iias since been removed. Oscar Hahn will assume the leading role. HEAVY RAIN; THEN SNOW Winter Coating Covers Inland Em pire and Idaho Districts. SPOKANE, Wash.. Oct. 19. (Special.) Snow lias been ' falling over Central Washington and a small portion of the Inland Kmpire today. Camas and Nez Perce Prairies, near Lewiston, have been covered to a depth of two or three inches. Since the Nez Perce Reserva tion was opened snow has not fallen so early in the year. Heavy rains at Washtucna, St. John and towns throughout the Palousa country insure the seeding of-a larger acreage than the country has seen for years. Soil has been soaked to a depth of one foot. Insuring sufficient moisture for the growth of Fall grains. Al Bloodroot Bio I pec so . Citric Acid Terpin Hydrate Glycerin, C. P. 3 Grains 2 Grains 2 Grains 1 Grain 4 Drachma fkp Mi every joint is riveted to air-tightness liKe a boiler. in your home on liberal range-buying terms. Wood and Coal HEATERS On Easy Terms $1.0O WEEK Pullman. Colville and Wcnatchce the downpour continues, showing no indi cations of ceasing. At Lewiston rain fell during the day, and the weather has turned cold, caused by snowfall on the higher mountains. The nearest snow is on Craig Mountain, which has an elevation of 2000 feet above Lewis ton. BIG CROWD HOQUIAM FAIR Decorated Automobile Parade Fea ture of Day's Entertainment. HOQUIAM, Wash., Oct. 19. (Special.) This was Hoquiam Day" at the ex position, and proved an unprecedented success, both in attendance and numer ous and novel exhibits. The street parade, including many gaily decorated automobiles, was a gaudy feature and This is a young life insurance company. The men most active in its management have had a lifetime's experience in the business. We have been able to select from the experiences of the older companies those methods which time has proven to be most successful and favor able for policy-holders, and to avoid those things which we have seen others' demonstrate to be mistakes. You should see our new policy. Send for a sample copy. W. M. LADD, President. S. P. L'OCKWOOD, Vice-President and General Manager. Home Office, Lumber Exchange Building. MORE AGENTS WANTED i t ..... 'rT?r'-;' '' - A Cigar for 5c Worth More! No Deals No Schemes No Prize Packages Nothing but Quality Five cents each, five for 25c, $2.50 per box of 50 ASK YOUR DEALER Distributors, ALLEN & LEWIS "THE MALLEABLE" The fuel-saving, labor-saving range the range of high efficiency in cooKing and baKing built of the finest materials and constructed on the most modern and scientfic principles.' Every feature combines for economy and satisfaction in operation proper adjustment of drafts cor rectly proportioned firebox air-tight oven and the many other important features that enter i I 7. r i . r. HTl, into the construction or me moaeriirdifeg.iio MaUeabIe,risthe range that will last a lifetime It is made of Malleable iron and steel, and TULL GIBBS COMPLETE HOUSEFURNISHERS exhibitors from Portland. Tacoma and Seattle expressed themselves as highly pleased with the large attendance which viewed their wares. TAILORED SUITS $12.75 On sale today BO high-grade tailored suits in browns, blues and blacks, plain colors and fancy stripes, gored skirts and braid and button trimmed jacket. Regular 20,00 and $25.00 values. See our Morrison-street window. McAllen & McDonnell, Third and Morrison. Find Man's Body in River. MARSHFIELD. Or., Oct. 19. (Spe cial.) Coroner Lewis received word this afternoon that the body of an un identified man was found in the Co quillo River near Bandon. It is sup posed he was accldently drowned. An investigation will be made. We offer to place one GAS RANGES AND GAS HEATERS la the Basement. WUttl -WHERE-HQW to plant ana enmvBw r" . 1 Dfilias.Rholcdondrons.PeonlMit how toircs In (tlaases nd window eardena s well asm flowir b-ds: HctJj Tables. iho.njjiamhrot OUIDSrquirra i i. ...... - . bed": compeniMnm of Information concerning .i.nf,niia mm CClCPTIMtl JEM DM 0 RFR V Piontii. shade, nut and ornamental trees and shrubs, olimbii.g and trailing plant. Our expert will visit your premises, nponrequt, without obl1atlnsr Toil. BOKSMon1r catalogs Ulusli-stlni anj df scrlblnff aU the staple and new varieties lor Northwest soli and c'lrnato.) " TKF.KS- Burbnnk's INorrltlcs. M It A - enceinPacific Northwet speaks to jou tlrrooyti M .1 . i m v. 1 tfiilHni vein IA aVUaCCwrBBsi ,1 Write for it, Catalojrne iNo.211 JJ Salesroom, Front and Yamhill Street. HAND SAPOLIO FOE TOILET AND BATH It makes the toilet something to be enjoved. It removes all stains and roughness, prevents prickly heat and chafing, and leaves the skin white, Boft, healthy. In the bath it bring, a glow and exhilaration which no 'common loap can equal, imparting the vigor and life sensation ot jnild Turkish bath. AU Grocer and iDruggistfl. "r-fSi & ?&2 -X-ji-- i I m