VOL. . L. NO. 15,388.
PORTLAND, OREGON, WEDNESDAY. MARCH 23, 1910.
PRICE FIVE CENTS.
IT HURRIES
TO SEE ROOSEVELT
Ex-Forester Would Be
First to Gain Ear.
BELIEF IS HE IS UNINVITED
Ex-President Too Good Politi
. cian to Affront Taft.
ADDRESS IS COPENHAGEN
Desire to Tell His Story Before
Others Are Heard Is Credited to
Deposed Official Root
Probably Has W ritten.
WASHINGTON. March 22. Washing
ton -today woke up to the fact that
Glfford Pinchot, whom President Taft
recently removed from the position of
Chief Forester of the United States, was
on the ocean already four days out
on the steamer President Grant, on his
way to meet ex-President Theodore
Roosevelt, probably at Naples. .....
Mr. Pinchot is due at Hamburg: next
Monday: Colonel Roosevelt is to arrive
at Naples on the following Saturday
The widely current rumor here is that
. Mr. Pinchot goes to meet the returning:
traveler in compliance with a summons
received by cable Friday. Nobody in a
position to know would either confirm
or deny this part of the story. There
is no disposition to deny that Mr.
Pinchot's principal errand abroad is to
meet Mr. Roosevelt.
First Version to Be Told.
It is to be taken for granted the ex
President will receive from the de
posed Chief Forester, with whom he
was on peculiarly intimate terms, his
first direct information bearing: on the
Ballinger-Pinchot controversy from any
of the principals in that dispute. It
was rumored here today that Senator
Hoot, a member of the investigating
committee and Secretary of State in
the Roosevelt Cabinet, had written to
Mr. Roosevelt at Khartoum on the sub
ject. Senator Root would not talk about
the subject, and no confirmation of the
rumor was obtainable from any other
source. If it were true It might afford
at least a partial reason for the sup
posed cablegram to Mr. Pinchot.
Pinchot Perhaps Uninvited.
Mr. Pinchot's friends here scoff at
the suggestion he would quit the in
vestigation of the controversy in
which he is so deeply concerned on the
eve of Secretary Ballinger's testimony,
in order to seek an uninvited inter
view with the ex-President. On the
other hand, those who know Mr. Roose
velt, say he is too good a politician not
to realize that to give Pinchot an un
sought hearing before he had had an
opportunity to discuss the sub'ject with
President Taft or some member of his
political family, would be generally
regarded as a direct slap at an Admin
istration . he would naturally feel
bound to support.
Mr. Pinchot slipped away from
Washington, quietly last Friday even
ing, and next day sailed from New
Tork for Europe. His absence on Sat
urday from the Ballinger-Pincliot hear
ing, at which he has been a constant
attendant, attracted little attention,
though he had not intimated to his
associates there that he intended to go
away for a long trip.
Vacation, Says Shipp.
Thomas R. Shipp, secretary of .the
National Conservation Association, of
which Mr. Pinchot is president, said
today that the ex-Forester had gone to
Europe for a "much-needed vacation."
He said Mr. Pinchot's side of the case
had practically all been presented, and
he felt it was an opportune time for
him to go away. He admitted Mr.
Pinchot had made up his mind about
the trip rather suddenly, but he con
fessed to know nothing of the reported
Roosevelt-PInchot meeting. He did not
attempt to deny that Mr. Pinchot might
see his former chief before he returned
to the United States. Later Mr. Shipp
issued the following formal statement:
"Mr. Pinchot sailed for Europe on the
President Grant of the Hamburg
American line, last Saturday afternoon.
He will go to Copenhagen, Denmark,
where he will visit his sister. Lady
Johnson. Mr. Pinchot has been work
ing hard and felt that a vacation for a
wfille would do him good. I do not
know when he will return. He has en
gagements in the United States early in
May."
Copenhagen Only Address.
The only address Mr. Pinchot left be
hind him at his Washington residence
was Copenhagen, and a large number
of letters and telegrams are being for
warded to him there in care of his sis
ter. The ex-Forester's mother accom
panied him to New Tork, but remained
there at the home of her other son,
Amos R. Pinchot. His private secretary
remained behind. He also declared Mr.
Pinchot was simply going abroad for
rest. He said that Mr. Pinchot was
expected back about April 20. In that
case the meeting would have to take
place before Mr. Roosevelt reached Lon
don, as he is not due there jbefore
May 15.
Mr. Qlavis. ex-chief field agent of the
(Concluded on p&ga 2.)
pin
ACT OF KINDNESS
MAKES SOUSA RICH
NEPHEW OF "MARCH KIXCT
GETS -HE WARD AFTER 1910.
George It. Sous a Aided Fainting
. Woman Four Years Ago in
Washington, D. C.
SEATTLE, Wash, "March 22. (Special.)
With the knowledge that a small for
tune, that he can call his own. Is due
after 1910 is passed, ail on account of an
act of kindness four years ago, George R.
Sousa, a trumpeter in the United States.
Navy and nephew of the famous "March
King." John Philip Sousa, is preparing to
meet his benefactress in this city this
week. '
Toung Sousa, now attached to the
cruiser Washington, is, like his uncle,
somewhat of a musician, and baa just
learned of his good fortune in the pos
session of $11,000 in cash and income prop
erty at Hot Springs Ark., to twice that
value, when his term m the Navy expires
at the end of the year.
The property is a gift from a woman
admirer, Mrs. Catherine 'Brown, of Wash
ington, D. C, 37 years old. who is in the
near-class to Mrs. Russell Sage when it
comes to casii; and he hasn't a cent yet.
Sousa Is 2 1 Years Old.
Announcement of Sousa' s good luck
came in a letter from his admirer telling
of a visit she is planning to Seattle. Mrs.
Brown is on her way to California and
will reach Seattle on tomorrow or Thurs
day. She has followed Trumpeter Sousa
in his cruises all over the world.
" The story begins in 1906, when Sousa
was playing with the Marine Band in
Washington. Mrs. Brown was one of
those on the platform where the band
was playing at Southeast Washington
Park one hot Sunday afternoon in Septem
ber. She was overcome by the heat and
fell dangerously near the edge of the
platfonm. Sousa forgot all about his
music and sprang to the rescue. He
caught the fainting woman in his arms
and carried her to a cliair. This furnished
the origin for a sort of mutual admiration
club of two, and after the fainting inci
dent, Sousa was a frequent and favored
guest at the home of Mrs. Brown.
NEWPORT HAS NO LAWYER
Watering Plaee on Yaquiua Bay Is
Looking for a City Attorney.
NEWPORT, Or., March 22. (Special.)
Newport, with a population during
the Summer months of several thousand
people, is perhaps the only town in
Oregon without a lawyer.
Oscar Middlekauf. city attorney of
Newport, tendered his resignation to
the City Council, and it has been ac
cepted. Mr. Middlekauf lives at Toledo,
the county seat, and as no attorney re
sides in Newport, the City Council may
have to go outside the confines of Lin
coln County to secure the services of
a legal representative for the city.
K. R. Bryson, of Corvallis, Prosecut
ing Attorney for this district, it is ex
pected will be asked to look after what
legal complications arise in which the
City of Newport is interested.
BEER LAID TO MINISTER
Preacher Candidate Canses Arrest of
Six Fellow Pastors.
BUTLER, Pa. March 22. Rev. Claud
ius Freeman, pastor of the Lutheran
Church, today secured warrants for the
arrest of six local ministers of several
denominations, charging them with crim
inal libel.
It is alleged that the defendants are
members of the Ministerial Association
and at a meeting "in February adopted
a resolution charging that "a candidate
for school director shipped to Mars, Pa.,
the day before election a barrel of beer
for the purpose of influencing voters."
Freeman declares he was the candidate
referred to.
ESTATE LOST IF HE WEDS
If Vancouver Widower Marries,
Wife's Will Gives Children $3000.
VANCOUVER, Wash., March 22
(Special.) Providing that he remains
single, J. J. Updegraff may have the
use and right to trade and sell all of
the property, both real and personal,
amounting to about $3000 of his late
wife, Ida M. Updegraff. If he marries,
however, the property will be divided
among the seven children, five girls
and two boys.
' This provision appears in the will
of Mrs. Updegraff. which was filed in
the Superior Court today by Mr. Up
degraff. QUEEN LIL, EMBITTERED
Claim Against V. S. Unrecognized,
She Goes Home to Die.
SAN FRANCISCO. March 22. Ex
Queen Liliuokalanl. of Hawaii, sailed
today for Honolulu on the steamer
Korea, after unsuccessfully pressing
at Washington her claim against the
United States Government for com
pensation for the crown lands she for
merly owned.
She declared that she was returning
home to die.
BROADWAY BRIDGE 0. K.'D
Chief of Engineers Approves and
Papers Go to Dickinson.
OREGONIAN NEWS BUREAU. Wash
ington, March 22. The Chief of Engineers
today approved the plans for the Broad
way bridge at Portland and transmitted
them to Secretary of War Dickinson
for Anal approval. The papers probably
will reach the Secretary in a day or two.
'S
FOR SALE AT 50
Nine More Grafters of
Pittsburg Confess.
BRIBE GIVERS TO BE HUNTED
Though Immunity Is Offered,
None Steps Forth.
SURFACE ONLY SCRATCHED
Before Grand Jury Finishes, It Is
Expected 100 Persons Will Be
Implicated Hinted That .
Bankers Will Be Drawn In.
PITTSBURG, Pa, Maroh 22. Nine
more former members of the Councils,,
before the District Attorney today, con
fessed their guilt in accepting money
for their votes while members' of the
municipal bodies and before Judge R.
S. Fraser received the immunity bath
of a suspended sentence.
When the grand jury adjourned for
the day Just before 5 o'clock, it had re
turned no indictments, although it had
listened for hours to developments in
the bribery scandal even more sensa
tional than those brought out yester
day. Men admitted selling their honor
for from $50 up.
Man Howls for Ten Cents More.
John F. Klein was before the grand
Jury the greater part of the day and
continued his narrative of council
manic graft, Klein recounted some of
his experiences in handing out the
money to the Concllmen.
"There was one fellow," he said,
"who was a daisy a regular Shylock
for the dough. In the South Seventh
street business I handed him $81. He
looked at me for a full minute and then
yelled like a stuck pig for the extra 10
cents. Tou know, $81.10 v was the
standard price in that deal. Well, he
got the 10 cents all right."'
Bribe Givers to Be Hunted.
. District Attorney Blakeley. as soon
as the Councilmen brlbe-aakers have
been rounded up, will go after the
bribe-givers. They are said to be bank
officials, whose names have never
heretofore been mentioned in connec
tion with the graft probe of the last
two years.
The "tip" has been passed to these
bank men that they may come under
the "immunity" proposition extended by
the District Attorney, but as they have
thus far failed to avail themselves of
the opportunity, it is reported some
bombshells will be dropped into the
social structure of Pittsburg, when
county detectives "turn the money
changers" out of "their own temples,"
and bring them before the bar of jus
tice. Surface Only Scratched.
There is a feeling that what has been
accomplished thus far is but a scratch-
( Concluded on Page 2.)
TYIE Bl
IN
HONOR
WAS
INDEX OF TODAY'S NEWS
The Weather.
YESTERDAY'S Maximum temperature, 51
degrees; minimum, 47 degrees.
TODAY'S Showers; westerly winds.
National. N
Taft tells newapaper men he can't refrain
from hitting back at critic. Page 2.
Plnohot off for Europe to gain ear of-
Roosevelt. Page 1.
Senator Olapp declares rights of shippers
are Ignored by Administration railroad
bill. Page 5.
Insurgents may not bo represented on House
rules committee; own action blamed.
Page 3.
Louis R. Olavls corrfessea he worked decep
tion on Cunningham In Alaskan coal
case. Page 7.
Domestic.
With beef trust Inquiry price of meat takes
flight upward. Page 1.
"Big Tim" Sullivan connected with New
York insurance graft at inquiry. Page 2.
American Federation of Labor flies charges
against steel corporation. Page 2.
Price of man"s honor J50 in Pittsburg; nine
more grafters confess. Page 1.
PoUtlcs.
Taft, regarding Governor Hughes as only
hope of New York Republicans, wants
him to run for third, term. Page L.
Democrat elected by Republican stronghold
in Massachusetts. Page 8.
Sports.
Oregon and Pacific tennis tournament dates
set for July is and August 1. Page 8.
Dan Ryan proves himself a crack pitcher.
Page 8. -
Pacific Northwest.
Act of . kindness, four years ago. makes
nephew of - "March King" Sousa rich.
. Page 1. .
Census supervisor warns Seattle against ex
pecting too much population. Page 3.
Washougal remains "dry," as contested
election is declared legal and regular.
Page ft.
Chief Wappensteln proposes to Improve Se
attle police service. Page 6.
Commercial and Marine.
Egg storing season la at band, page 19.
Bad crop news sends up wheat at Chicago.
Page 18.
Stocks are inactive but firm. rage 19.
Record prices In Portland livestock market.
Page 19.
Big oil packet ready to sail from Newport
nwi for Pacific Coaat. Page 18.
Portland and Vicinity.
Receiver for Deschutes Irrigation Company
to be named tomorrow, page IT.
Councilman Beldlng.'a concrete-street plan
is opposed by Engineer MorrU and street
committee, but approved by Mayor.
Page 12
Octogenarian litigant, plaintiff In suit, will
testify by deposition only. Page 18.
Council's streetcar fender tryout postponed
one week through accident. Page 9.
After reprimand, contempt of court charge
against Henry 'Wemine is dismissed by
Judge Bean. Page 13.
W. B. Herring reads paper on water power
before Forest Supervisors. Page 9.
Receiver Devlin's actions as receiver of Ore
gon Trust assailed by Attorney Fulton,
counsel for W. H. Moore. Page 1.
Mayor Simon to investigate into delay on
Mnrttson-Btreet hrirtgo worlt. Page 11.
HEINZE TRIAL DATE SET
Forty-seven Indictments Confront
Copper Man. and Banker.
NEW YORK. March 22. The trial of
F. Augustus Heinze on charges of over
certification and misapplication of the
funds of the Mercantile Katlonal Bank,
was Bet today for April 25.
The demurrer interposed to the most
recent Indictment filed against Heinze
was withdrawn today and the copper man
formally pleaded not guilty.
There remain altogether 47 different
counts charging overcertification and mis
application of funds.
PEERS' REFORM ADVANCED
Third of Rosebery Resolutions
Passed, 173 to 17.
LONDON, March 22. The House of
Lords today, by a vote of 175 to 17,
passed the third and last of the reso
lutions Introduced by Lord Rosebery
in furtherance of his programme for
the reformation of the upper chamber.
Girls Burned in Brush Fires.
GUTHRIE, Okla., March 22. The six-year-old
daughter of Edward Houston,
living near Hennessy, and the four-year-old'
daughter of Samuel Myersing were
burned to death yesterday when their
clothing ignited from fires that had
been started to burn brush off fields.
An 18-year-old brother of the Myersing
girl was dangerously burned In at
tempting to save his sister.
REACHING.
.
HUGHES IS DEEMED
'S
Taft Wants Him to Run
" for Third Term.
GOVERNOR, PARTY'S SOLE HOPE
President Deeply Concerned
About Empire State.
GAME TIRES INCUMBENT
Second-Termer Adverse to Becoming
Candidate, but May Xame His
Successor Tammany Active.
Bourbons Would Control.
BY LLOTD F. LONBROAX.
NEW TORK, March 22. (Special.) It is
no secret that President Taft believes that
Governor Charles Evans Hughes should
run for a third term this Fall, as the
only chance of party success.
It is also an open secret that the Gov
ernor honestly desires to retire from pub
lic life, which he has found decidedly un
congenial. But the President hopes to
induce him to change his mind.
That was one reason for the Presi
dent's recent visit to New Tork and Al
bany. rurlng his two days" call at the
New Tork executive mansion, the ' Presi
dent had plenty of opportunity of Im
pressing his views upon the Governor.
By the way, this is probably the first
time on record that a President went to
call on a Governor, Just for the purpose
of making a "call." Heretofore Presi
dential visits to state capitals have been
limited to occasions when the Nation's
ruler had to open an exposition, or some
thing like that.
Hughes Is Deemed Savior.
President Taft is thoroughly concerned
about the condition of the party In this
state. A Democratic victory here this
year would undoubtedly mean a Demo
cratic House of Representatives, and be a
bad start for 1912, when Taft's successor
will be elected.
The President believes, and with reason,
that the average voter Is thoroughly
pleased with Governor Hughes and his
administration. He is of the opinion
that the renomlnation of the Governor
would heal all old party wounds, restore
public confidence, and add another to the
long list of Republican victories In this
state.
But the Governor is not as optimistlo
as is the President. He has learned a
lot about politics since he took office
nearly four years ago. and realizes fully
that he would have a hard row to hoe
as a candidate.
Tammany Spreads Report.
Certain Tammany men are going about,
saying that the deal has already been
fixed up, and that the organization Re
publicans will cast their strength for
"any Democratic candidate. If he is a
good fellow, in case Hughes is on the
ticket again, as they expect he will be.
Finally, the Governor is honestly, heart
(Concluded on Pagta 3.)
NEW-YORK
MOSES
WITH BEEF PROBE,
MEAT PRICE RISES
BCTCHERSHOP PATRONS WILL
PAY 2 CESTS MORE NOW.
Sliced Ham, However, Will Advance
5 Cenis, With Mutton
Chops Sky-Hlgh.
CHICAGO. March 22. (Special.) Sim
ultaneously with the grand Jury's indict
ment against the so-called beef- trust,
cattle on the hoof at the stockyards ad
vanceM 15 cents a 100 pounds and some
of the dressed meats have given a sur
prising exhibition of high Jumping.
The sharpest advance was or mutton
cuts, to the price of which was added
1 to 3 cents a pound. This Increase
brings mutton racks to 18V& centa a
pound, legs and Joints to IS centa and
cuts for stewing to 10H cents.
The wholesale prices of beef, mutton
end pork have increased 30 per cent with
in the last two weeks and the advance
is to travel on to retail prices in the
near future.
An average of 2 cents a pound more
will toe paid by patrons of the butcher
shop on all meats and in at least one In
stance, sliced ham, the advance will bo
S cents. Mutton is now higher than for
the last 20 years, selling at 30 cents for
chops.
CHAUTAUQUA TO BE STUMP
Regulars and Insurgents Plan to
Address Summer Assemblies.
WASHINGTON. March 22. Well
known Republican statesmen, it is an
nounced here, are to stump the country
on the Chautauqua circuits next Summer
under the auspices of the Republican
Congressional Committee, of which Rep
resentative McKlnlay, of California, is
chairman. As far as it is possslble. it is
understood. Republican speakers will en
ter bailiwicks where insurgents abide and
where there is threatened disaffection on
account of the new tariff law.
Senator Burton Is expected to spend a
week in Iowa; Representative Tawney
will speak in Colorado and Wyoming;
Senator Curtis, of Kansas; Representa
tives Madden and Prince, of Illinois;
Olmstead. of Pennsylvania; Kahn and
Smith, of California; Olcott, of New York,
and others will take the one-night stand
routes to. reconvert party backsliders.
On the other hand, it is reported the
Chautauqua circuits are to be enlivened
with some of the insurgents, Messrs. La
Follette, of Wisconsin, and Cummins, of
Iowa, being among the leaders who are
to talk to the people during the hot
months.
COTTON TO BREAK PATTEN
Englishmen Would Flood Market;
Speculator Retaliates.
NEW TORK. March 22. English
speculators in cotton, who showed their
dislike for James A. Patten, the Chica
go speculator, by the recent demonstra
tion on the Manchester Exchange, are
shipping the product back to this coun
try in an endeavor to break the market
to the detriment of Patten and his asso
ciates, according to the World.
Although E. G. Scales, who is work
ing in harmony with Patten, denies the
truth of the report, the World says that
10,000 bales have been put aboard ship,
ready to sail from Liverpool tomorrow.
In the meanwhile, according to the ar
ticle. Patten and his supporters are
shipping cotton to the other side for
the spinners' supply, at the same time
keeping quotations here sufficiently be
low those In Liverpool to prevent Eng
lish speculators from buying the prod
uct there and reselling it here, except
at a heavy loss.
LABOR CHIEF DRIVEN OUT
Maine Town Resents Visit of Paper
makers' Union Head.
RUMFORD FALLS, Me.. March 22.
After being visited last night by a com
mittee of citizens. President John I.
Malin, of the International Pulp, Sulphite
& Papermakers' Union, departed today
for Portland. It is alleged that the citi
zens intimated that his presence In town
was not welcome.
LEWISTON. Me.. March 22. "We were
forced out of town by a mob of men
representing the business and manufac
turing interests," was the version of
John H. Malin concerning his unex
pected departure from Rum ford Falls.
Malin declared that they were taken into
a room in their hotel by 16 mi-n and
were not allowed to communicate with
their friends.
GIRLS BEATEN IN RIOTS
Anti-American Keeling at Bogota
Grows Apace Tax on Flour, '
BOGOTA, Colombia, March 22. The
anti-American sentiment here continues
to find expression in rioting. Tester
day two English girls, who were mis
taken for Americans, were mobbed and
beaten. Subsequently President Ramon
Gonzales-Valencia made an official call
upon American Minister Northcott.
Ex-Governor Uribe's house was again
Btoned by the rioters. An official
decree has been issued placing a trans
port tax of 8 per cent on all American
flour leaving the coast towns for the
Interior. Joaquin Samper, Minister of
Finance, objected to this move by the
government, and following the Issu
ance of the decree, resigned.
PATIENT FIGHTS OFFICER
Deserter From Smallpox Pen Proves
Hard Man to Subdue.
SPOKANE, Wash.. March 22. fSpeclal.)
Patrolman Ulrich had the battle of his
life on the police force last night. His body
is bruised and his clothes torn to shreds
as the result of the encounter, while his
assailant, Joe Barry, an escaping small
pox patient, is now in the hospital.
Barry tried to escape from the isolation
pen. In spite of his fear of the disease,
the officer caught him. Then the fight
began, and it was a bitter one, lasting 30
minute?.
Barry was arrested, together with a
"paL" at the corner of Bernard and Riv-.
ersida avenue.
RECEIVER DEVLIN
DEFENSE'S TARGET
Moore's Lawyer Assails
His Stewardship.
WITNESS TELLS MORE DETAILS
Oregon Trust Lost $80,000 in
Golden Eagle Deals.
BANK SALE CRITICISED
Transfer of Securities of Concern
Termed Insolvent, Argued by
Attorney Fulton as Sufficient
to Discredit Devlin.
For six or seven hours yesterday
Thomas C. Devlin, receiver of the Ore
gon Trust & Savings Bank, was the
object of an attack by Attorney Fulton,
in the defense of Walter H. Moore, ac
cused bank president now on trial. Mr.
Devlin proved himself an adroit and re
sourceful antagonist in the play of
wits.
Attorney Fulton devoted yesterday to
attacking Mr. Devlin as an interested
witness, and endeavored to show there
was something wrong in the way the
interests of S. G. Reed. P. L.- Willis and
Mr. Devlin In the Germar.-American
Bank were acquired. Mr. Devlin, In
making the full details of the transac
tion public for the first time, showed
that he and associates were led into
the ownership of the German-American
Bank stock through a proposition
which came from L. J. Wilde and his
confreres.
Mr. Devlin had forgotten one or two
little points in connection with tha
deal made prior to the order of the
court sanctioning the German-American
deal, but a misstatement made by him
in the morning was corrected by him
In the afternoon. In addition to the
losses enumerated by blm the day be
fore, he brought out yesterday that in
the closing of the Golden Eagle deal
the bank had lost $80,000.
Insolvent, Soys Witness.
At the opening of the morning session
Deputy District Attorney Fitzgerald
handed Mr. Devlin a list of notes In tha
bank at the time of the crash prepared
by Mr. Moore when reorganization of tlx
bank was planned. Mr. Devlin identified
them and eaid:
"This was made In order to get ai
son.e knowledge of what these notes wer
worth, and shows the good and bad. Mr.
Moore prepared the list in the lattei
part of November, 1907. He placed th
valuation upon the notes himself."
The list was offered in evidence.
"From your examination, Mr. Devlm."
asked Mr. Fitzgerald, "as receiver and
accountant of all the assets in this bank
that came into your hands, and consid
ering the kind and character of all thoea
assets and the value of the same, and
considering the amount of the liabilities
of the institution, are you ahle to state
the financial condition of the bank as to
whether or not it was solvent on the day
it . turned over to you as receiver,
the day it closed 7'
"I am," responded the witness.
"Tou may state to the Jury what that
condition wasv" continued Attorney Fitz
gerald. "The bank was insolvent," said Mr.
Devlin.
Bond Value Xot Told.
Can you give the amount in which
it was- insolvent?" asked Attorney Fitz
gerald. "I stated on September 17, 1907, the day
I made up my report," Mr. Devlin re
plied, "that the hank would not pay 60
cents on the dollar. According to the
schedule I made out. the liabilities ex
ceeded the assets by $433,008.66. but that
estimate takes in the telephone bonds at
par. They were not worth par."
Owing to an objection the witness was
not allowed to tell the value of the
bonds. He then testified that a majority
of the telephone bonds were taken y
depositors in lieu of their deposits.
Mr. Devlin then said he had mada a
thorough search for the bylaws of the
bank just after he went In as receiver
and experienced great difficulty In locat
ing them, Mr. Moore, he said, always as
serting that he did not know who had
them. Attorney Fitzgerald then Intro
duced a copy of the bylaws as evidence.
From them he read that the savings
deposit accounts were not to be invested
in any but National or municipal bonds
or In first mortgage on real estate.
"How many National or municipal
bonds did you find In the bank?" asked
Attorney Fitzgerald.
Loss Over Store $80,000.
"None," replied Mr. Devlin.
"Now state what was done with th
Golden Eagle account," advised Attorney
Fitzgerald.
"It was closed out under a receiver,
Mr. Devlin responded.
"Just tell the Jury the details of the
transaction and what you recovered and
what was the loss of the bank in tha
transaction, continued Attorney Fitzger
ald. 'When the receiver closed out the busi
ness," Mr. Devlin answered, "we received
about $26,000 or $27,000, the loss to tha
bank being $80,000."
Attorney Fitzgerald reserved the right
to recall Mr. Devlin for another line of
testimony and the witness was turned
(Concluded on Pace T.)