THE MOItXIXG OREGOXIAX, SATURDAY, 3IARCII . 1910. SENATE DELAYING VOTE ON BANK BILL PORTRAIT- AND SNAPSHOT OF ACCUSED FINANCIER WHO IS AGAIN IN LIMELIGHT. Bsreacis, m try, are M lessened in cost M oot Predicts That Treasury Would Be Bankrupt in Panic Times. and increased fe in quality 1 and lylsoScsomeness, m 5 ay WAR EXIGENCY IS TOPIC op pes "Most of Money Invested, Declares Carter, Would Consist of Casli Xow Hoarded Deposits in Local Banks Defended. WASHINGTON. March 4 After labor ing almost six hours todny In an atmos phere Furcharjred with electricity gener ated by conflicting opinions, tht. Senate again failed to reach a vote on the postal avlnjrs bank bill and took a recess until tomorrow. . By this action the legislative day of larch 3 Is continued until tomorrow. There Is some uncertainty whether llnal Action will be reached even then. When the recess was taken. Senator Carter fftld seven or eight Senators desired to apeak and he did not want to guess how many other speeches might follow. Beginning at 11:30 o'clock today the flow of oratory continued without inter ruption until after 5 o'clock when, In despair of reaching a, cte, Mr Carter moved a recess until ll:4i A. M. tomor row. Many Views Developed. There were speeches by Ser. tons Root, Carter. Cummins, Rayner, C'app, Borah, Clay, Newlands ami others, representing almost as many views as th were speakers. The Cummins amendment t.. the Smoot 'amendment, limiting to times of war the exigencies in which the postal funds may be withdrawn from the banks- in which they are deposited was the technical sub ject of discussion, during the entire sit ting and; during that time there were many acrid exchanges of views. Senator Root dwelt strongly on the necessity of protecting the credit of the country. Mr. Carter strongly seconded Mr. Root's appeal and drew an even more vivid picture of the possibility of an un expected Katlonal need for funds. Appealing for candid treatment of the question, Mr. Carter, in charge of the tIU, said even If the postal funds should be invested in Government securities, no harm could result, as most of the funds would consist of money now hoarded. Carter Fears Defeat. He declared that the acceptance of the Cummins amendment would insure the defeat of the bill and appealed to all friends of the legislation . to yield their personal opinions. He declared that those who would divert the legislation from the purposes' for which it was instituted must take the responsibility for the defeat of. the bill. Clapp expressed surprise at,Mr. Car ter's support of the Smoot amendment, declaring that in many years' association ( with the 'Montana Senator, he never bad heard him advocate the use of the posital funds for the purchase of bonds. . , "1 am now and I have always baen. In favor of the deposit of postal funds in the local banks," responded Mr. Cairter. Calculating that under the provi'jions of the bill there would be 10,000,000 de positors, Mr. Gallinger predicted a parlous condition in time of financial excitctment. "All the depositors would demand, their money," he- said, "and when they found that the Government had It. I think: there would be war right there." "That might be if the depositors had xio confidence in the Government," re plied Mr. Smoot, "but we assuine they would have. , "Not necessarily s6,". replied Mr. Gal linger, "if they were aliens, as the de positors, many of them, would be." - People to Aid Government. Senator Root took the floor to urge the necessity of putting the bill on, constitu tional basis. His idea was to afford the people an opportunity to tnvest their earnings, he said, and at the same time put themselves In the position of sup porting the Government. The whole scheme, he said, was to provide for a system tif deposits In the postofficea and of the re-deposit of the funds in a neighboring bank and of keep ing them there until returned to the de powitoi. the Government of the United States merely acting as the agent and guaranteeing the deposit. Mr. Root pointed out the serious aspect of the assumption by the Government of obligations which probably would amount to $500,000,000, and which would be secured 'by no resources except tine deposits in the banks. Of these banks he said there were more . than 22.000 state and National. Most of them were safe, but some probably were not. Moreover, no reserve was to be re quired and it should be borne In mind, he continued, that by no means all of them would be under Government or state supervision. Mr. Root said that it -was generally ad mitted that the country's financial sys tem was a misfit and an a consequence it happened that when the strings of finance were drawn tight the ".stem was sure to fce pulled Jhe wrong; - .-. On such oc casions the banks- ' " unable to pay confidence was lost janic ensued. Treasury Bankmptcy Feared. "When such times as these come, where will this bill leave the Government of the United States with its 500.000,000 of obliga tions to postal savings bank depositors and without any secturity except that sup plied by the banks, which can no more pay the Government than they can pay. anyone else?" askod Mr. Root. "Instead of the bankers and brokers Koing to the wall,; the Treasury of the .. Xnited States will suspend payment and the credit of the Oovernment wtU be de stroyed. Then whet will become of the Industrial system of the country?" PHONE RATE WAR DENIED -T , American Biis Own Stock Back From Msickay Companies. BOSTON. Mirreh 4. The purchase by the American Telephone Company of the S2.000 shares of its stock recently sold by the Mackay Companies, was an nounced here today by President Vail. He says that the stock was taken at a price representing a cash overturn of be tween ll.u00,tt00 and $12,000,000. It is the plan the American Tele phone Comruiy, - u-dlng to President Vail, to utilise tip tackay stock In ex change for the . ts of:everal of the i nubsiUiary compt, -s which are being re ' financed and re-grouped in order to con fine th physical property of the operat ing companies to established state lines President Vail denied there was any fcasis for the assertion that a rate war between Cho Western Union and the Pos tal Compunlea was impending I "J I 1- J - " jj : - ' 1 j, i i , r y t t r- w. -7 v-.- - V: -! - i:-r:r:, Vtr-,' Z, -'W.S ,D.f S-;: r ' 'V M ix HEINZE PLEA WAITS It H Federal Judges Reluctant to Take Action. FORMER BAIL CONTINUED Itei.'eated Indictments Have Been Quashed, but Government Attor neys Believe Presentment That Will Xow Hold. NEW YORK. March 4. F. Augustus Heinze's plea of not. guilty to the indict ment found against him by the Federal grand jury yesterday was carried all around the Federal building today and not a judge could be found who would definitely accept it. The tentative plea, with leave to with draw, was finally allowed to stand, how ever, with the understanding .that the whole question should come up before Judge Holt next Monday. Trevious Indictments Quashed. The Government has repeatedly had Heinze Indicted on many counts, alleging fisappllcatlon of the funds of the Mer cantile National Bank, of which he was president, but demurrer proceedings have caused the quashing of the Indictments. On ew presentments, however, the Gov eminent seemed satisfied it had found grounds for indictments that would hold, J hikdc ncte iianueu in j esieraay. When Heinze appeared today to plead before Judge Hand his counsel, John B. Stanchfleld, suggested that as Judge Hough had heard arguments on the preceding indictments he would be the proper judge before whom to make the present plea. Case aPssed Along. Judge Hand agreed. When Judge Hough received the lawyer, however, he Bhowed evidence of impatience. "I've already intimated, I think," he said, "that enough indictments have been found against this man and I see no reason why I should hear any more arguments." Judge Hough suggested that the case be taken before Judge Holt and he be asked to hear the case on Mon day next. Meanwhile the tentative plea was allowed to stand and Heinze's ball was continued. . i RUSSIA REJECTS SCHEME China's Alleged Agreement Delays Railway Building in Manchuria. PEKIN, March - 4. The Russian Government, in a formal note submit ted to the- Chinese Foreign Board, re jects in toto, China's proposal for the construction of the Aigun & Chin Chow Railroad. The Russian note includes the couri ter proposal of Russia for the exten sion of the Kalgan railroad by foreign capital to Baikal, Russia building the Siberian section. The counter pro posal, as well as Russia's rejection of the Aigun-Chin Chow plan, Is based upon a promise which the Russian Government alleges that China gave In 1898 that she would not construct any railways in the north of Pekin with out first consulting the Russian Gov ernment. China is not cognizant of. this alleged promise and feels obliged to delay its reply to St. Petersburg until the agreement asserted is proved or disproved. MORROW COMES TO PORTLAND Army Engineer Ordered to Take Charge of Oregon Coast Harbors. OREGONIAN NEWS BUREAU. Wash ington, March 4. Major Jay J. Mor row, of the Engineer Corps, now in charge of the Improvement of the Po tomao River and Washington City aqueduct, and lately a member of the Board of Commissioners of the Dis trict of Columbia, was today ordered to Portland to assume cltarge of en gineer district No. 2, which incltfo.es Celilo Canal, Upper Columbia and Snake Rivers, and some (harbors on the Oregon coast. Including Coos Bay. Major Mclndoe will remafn in charge of Portland district N.o. 1. and continue supervision of the improvement of the mouth of the Columbia River, the channel from Portland to the sea. the Willamette River and other projects of that district1. The lighthouse work of Portland dis trict will be turned over to Major Mc lndoe. The War I.iepartment stales that the business of the Portland dis trict has. become so lieavi; that one 9 1 3k - 33 if . .. j mm ; KB? F. Augustus IfeiBze. engineer officer cannot properly handle it, and it therefore has been found ssary to redivide the distr ct as laJ daVo? MarnM' necessary to redivide the district as : the days of Major Langfltt and Maj. .Harts. When the new river and har bor bill becomes effective, work in this district will still further increase, rand it is desired to have the various im provements move forward as rapidly as possible. Major Morrow Is directed to report to Portland not later than April 20, by which time it is expected the river, and harbor money will be available. FULL TAXATION URGED COMMISSIONERS ISSUE IN STRUCTIONS TO ASSESSORS. Attention Called to Non-Exemption of Personal Property True Cash Value Difficult. SALEM, Or., March 4. (Special.) The Board of State Tax Commissioners has prepared a pamphlet containing exhaus tive instructions for the assessment of property. A good assessment, according to the Tax Commissioners, Is ona. which embraces all the taxable prop'erty in each county. Attention is called to the fact that many assessors entertain the erroneous notion that municipal bonds, county warrants and notes secured by mortgage should not be listed. Attention is called to the fact the law exempting $000 of personal property owned by a householder has been held unconstitu tional and that no exemption should be made. The law requires that property shall he assessed at its true cash value, and this te held to mean the "amount such prop erty would sell for at a voluntary sale made in the ordinary course of business, taking into consideration its earning ! power." Assurance Is given that all in equalities will be adjusted by the Board, while those counties which approach the cash value will enjoy the advantage of a greater return on public utility corpora tion valuations. Assessors are advised that the practice of grouping large sections of land under a single description Is not in compliance with the law. The question what constitutes transient livestock is treated. It is held that "all livestock that is kept, driven or pastured In more than one county in this state in any year commencing on March 1, or that is permitted to range or graze in more than one county during the year, shall be known as transient livestock." The suggestion Is made that as a general rule assessors would not be Justified in assess ing tock under two or three month old. It is held that horses ehould be assessed at ajiy age at which they have a market value. It is held that "personal property fol lows the person of the owner and the tax is upon the person." LIVE FLY BURIED IN EYE Ocultist Called to Remove Insect, Seeking Shelter Prom Cold. NEW TOEK, March 4. A fly buzzed wiyi such force into an eye of Jacob Hoekenbury at Annandale, N. J., that the man is in danger of becoming half blind. The insect, still alive, was re moved, and the oculist says the eye has suffered severe injury. Hoekenbury, while returning from work in a foundry late Saturday night, encountered a swarm of flies. "They all made straight for my face." he said,, "and I think they were seeking shelter from the cold." The Southern Pacific Railway of Mexico has now. extended its line to Atoponeta. U3 miles south of lazattan. - Ail 1 ilSTk-' MMfiarimii' I'll and save saoaey ana EiGaim ESTRADA GIVES EAR Right of Americans Will Re ceive Recognition. REBEL DEBTS TO BE PAID Merchants Said to Have Given Un limited Credit on Belief United States Was Behind Move ment Against Zelaya. BL.UEFIBL.1S, Nicaragua, March 4. Af.ter three days of secret conference, there is every reason to believe that Gen eral Estrada, the leader of the revolu tionists, and hie advisers reluctantly have acquiesced in the demand of American residents in Nicaragua that a receptive ear be turned to any proposal of Ameri can intervention that will guarantee to them the rights demanded the denial of which caused the revolution. The original demands of the revolution ists included the overthrow of President Zelaya, which was accomplished, and the restoration to the people of the constitu tional and . common rights of citizens, which, it was alleged had been taken from them under the eZlaya regime. it is safe to say that General Cha morro's defeat has not altered the views of the people on the east coast of Nica ragua as to the guarantees that are nec essary to peace. Amerlcan lnterests Nicaragua will Ja f revolutionary debts be a part of any agreement, and on this question they have the supporti of the provisional government. Merchants have extended to-the revolutionists un limited credit, on the assurance that the support of the United States was behind them. Nothing except intervention can stop the war. General Mena has spread his forces between San Vincents and La Manga to resist every advance the gov ernment troops may attempt on Blue fields. He is also securing recruits and ammunition. TREATY MAY BE PODIFIED United States Would Build Warships on Great Lakes. WASHINGTON March 4. With the purpose of obtaining a modification of the treaty between the United States and Great Britain prohibiting the mainten ance of vessels of war on the Great Lakes, that such vessels could be con structed there for use elsewhere, the House today passed aVresolution that may open tiie question for future negoti ations. The resolution called on the Secretary of the Navy for inform atten as to pres ent obstacles m the way of the construc tion of vessels on the Great Lakes, the dimensions of vessels that might be con structed there and passed through the .locks to the seaboard, and the nature of bids that had been received for such con struction from shipyards on the Lakes. HAMILTON'S HEALTH. GOOD Prison Official Says That Is Best Thing Washington ei-Offlcer lias. WALLA WALLA. Wash., March 4. (Special.) Ortls Hamilton, ex-Adjutant-General of the State of Washing ton, who Is now serving an indeter minate sentence from one to ten years in the State Penitentiary for the mis appropriation of funds, has been assigned permanent work. Warden C. & Reid has made good his word that Hamilton would have to start at the bottom and work up as other prisoners, and today the unusual prisoner was found working in a labor ing gang. This -work includes almost anything and men no detailed are termed "roustabouts." When asked how Hamilton's health was holding out, one of the officials said: "Good. His health is the best he has." thing PEARY KEEPS PROOFS DARK Concluded on Paice 3.) remain in Washington and fix up astro. nomical observations and instrument rec ords such, as a man might make at the Pole. These could not be told from the genuine, it was acknowledged. Representative Alexander, of New York, was present as the personal representa tive of Mr. Peary, and told the commit tee that the latter would be glad to have the committee examine the records, but he would have to see Mr. Peary again and learn whether he would con sent to have them published. The committee will take up the subject again next Tuesday, and if Mr. Peary's proofs are submitted, scientists will be present to examine them on behalf of the committee. - . Chinese Probe Lama's Escape. PEKIN. March 4. Wen Chun Tao, the assistant resident in Tibet, has been recalled by the Chinese government to Bake Slie oot3 at Sioasse explain the escape from Lhasa of the Dalai Lama. Amban Lien Tu also has been recalled. General Chao Ehr-Eeng, as high commissioner, assumes supreme authority in Tibet. GAY LIFE LESS DANGEROUS Dr. Woods liutchinson Says Work Kills More Than Festivity. INDIANAPOLIS, March 4. "We hear much about the terrible ravages of death among those whi enjoy them selves. They call It the result of the TJISeases of play,- but the diseases of work kill their hundreds of thousands, while only hundreds succumb to the diseasesof ply even including, wine, women and song," said Dr. Woods Hutchinson, of New York, in the final conference on public school hygiene and physical culture in the conven tion of the National Educational As sociation today. BOUNTY RECORD REACHED Union County Hunters Prosper as Result of Extreme Cold. LA GRANDE, Or., March 4. (Spe cial.) What is said to be the largest sum ever paid out in Union 'county in one month in bounties on wild ani mals, was handed over by County Clerk Wright on March 1. One hundred' and eighty-eight dollars was the ti repre sents 96 coyotes, seven bobcats and three cougars. It is believed by trappers that the unusual severity of the weather is re sponsible for driving the animals from their usual haunts' far back in the hills. tospuS ..Oabotforn sm 1 mh mh mhh WESTON MAKES 40 MILES Noted Pedestrian Will Spend Sun day ut.Trinidad, N. M. ALBUQUERQUE, N. M.. March 4. Edward Payson Weston walked 42 miles, from Shoemaker to Springer today, ar riving at the latter place at 7:30 tonight. He will leave tomorrow morning for Ra ton. Weston will spend Sunday at Trinklad. Without lines m the ggggv CLEKGVMAX reading from manu script, duck and peer at the congre gation. UWVEHS reading impress! ve sec tions from the code, duck and peer at the Jury. business ME., "engaged with correspondence, duck and peer at en tering visitors. It is a solemnly ridiculous habit practiced unconsciously. Kryp tots Cure It We make a specialty of these lenses and especially recommend them in deep t'CHVK form. Our Methods of Sight Testing are Indorsed by the Highest Medical Authorities Over 83 Physicians Now Send Us Their Patienis When They Suspect Eye Strain 3. One Choree Covers Entire Coat Examination, CilaatMex, FrameH. of THOMPSON Eyesight Specialist Sorond floor Corbott Hide., Fifth and Morrinon. Causes Sickness Good Health Impossible With a Disordered Stomach. There- is" nothing that will create sickness or cause more trouble than a disordered stomach, and many people daily contratt serious maladies simply through disregard or abuse of the stomach. We urge . every one suffering from any stomach derangement, indigestion or dyspepsia, whether acute or chronic, to try Rexall Dyspepsia Tablets, with the distinct understanding that we will refund their money without ques tion or formality, if after reasonable use of this medicine they are not satis fied with the results. We recommend them to our customera every day, and have yet to hear of any one who has not been benefited by them. Three sizes, 25c, 50c and $1.00 a box. Sold In Portland only at our store The Rexall Store. The Owl Drug Co., Inc. cor. 7th ajai Wafclilni; ton sts. LAST AND FINAL NOTICE TO THE PUBLIC FORCED OUT Tonight at 10. o'clock we close our. doors. 750 RAINCOATS For men and women remain on hand and will he disposed of today. Price no object. Better hurry. Never again such wonderful bargains. Fixtures For Sale Any Reasonable Offer We bog to thank the public for thpir liberal patronajre and look forward to exrl ending a cordial and hearty invitation to all next September in our new and permanent home. OPEN TONIGHT TILL 10 O'CLOCK. OODYEAD 225 MORRISON ST., 215 Round Trip Destinations. Itates. Cbleaico . St. Loul Kansas City Omaha fl72.SO 7..V) eo.oo eo.oo One way through California. $15.00 more. v Four Great Through Trains Northern Paclflc-BurlinBtoii to Chlcasro via ST. PAUL Great Northern-Burlington to Chicago via ST. PAIL Northern Pnclf ie-Ilurllnjlton, or Grcnt Northern-Rurllnston to Omaha, Kausna City, St. LouIh, Denver via BILLINGS T7se the Burlington as part of any one wav or round trip journey. Have your ticket rend nurllnKton." Burlington tickets are honored vln Denver without extra 4OSt. Get a Burllnsrton BED folder note the map no other line offers such advantages -in the way of diverse routes, treat cities, scenic attractions as Burlington thro' lines offer. iiil liiii.'t -.. I ;;:"!; I! III Nil'!!! v4 i It l M n a SPOKANE A good night's rest or a pleasant day trip is insured by the fast time, perfect track and latest patterns of equipment of the Spokane, Portland &. Seattle Ry. "North Bank Road" 6bsertation cars, parlor. cars. compartment sleepers, diking cars, mkai.s a la carte, tourist sleepers, first-class coaches. Leave Portland T:OQ P. M. 9:00 A. M. Arrive Spokane 7:00 A. IVl. 9:15 P.M. Dinner served on evening train. Luncheon and dinner on day train. Passenger Station 11th and Hoyt Sts. CITY TICKET OPPICES Thixd and Morrison Stm. n VP m "i RAINCOAT CO. nam J i. , BET. 1ST AND 2D STS. SI31 EnEEEE5S!3Mi353 ates East Dates of Sale. I 1 May 2 and 9. June 2, 17 and 24. July 5 and 22. Auk:. S. Sept. 8. A C. SHELDON, General Agent C. B. & Q. Ry. 100 Third St. Portland, Or. TO Third St. loe Third 94 y ittJ a i