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be withdrawn from the banks- in which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