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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (March 23, 1911)
TIIE MORNING OREGOXU5, THURSDAY, MARCH 23, 1911. 12 BANK PROMOTED OfJ SMALL OUTLAY Original Cost of Italian-American Institution to Myers Family $13.89. STORY TOLD IN MINUTES Crand Jmrj to Inetl;au Opera tions of F. X. Mjt AImj In Connection With Mount bcolt Bank of Lrnla. The minute of the meetings of the stockholders aod director of toe Italian-American Bank, contained In a book now In the possession of Albert Ker rara. tell tha atory of F. X. Myers de termination to launch tha Institution, apparently without any capital of his can to Invest and In tha face of great difficulties. Tne banker I atill bain nought by the police for accepting de posits In tha name of the bank. The Italian-American Bank waa In corporated la January. 1T. by II. S. Myers, r. X. Myers and M. 8. Myers, all member of a single family. Ttie nilnaj tea waa 110 and tha corporation tat for tha remainder of the lineal year aas necessitating a total outlay en the part of the ilyer family of fill. Tha Incorporator held a meeting soon after and authorized tha opening of (lock ubcriptlon book. M. S. Sixers subscribed for 17 share. H. 8. Slyer lor 1 share and F. N. Myers 1 shares on February 14. 10T. Thi made up tha total stock of tha bank, which, according to the incorporation papers, waa t JOOO. divided Into 50 shares of f los each. Tha minutes do not show that any money waa transferred to tha treasury of tha corporation In payment for tba atock. Baak; Op-rued In ltelunc. The stockholders met two days lster at tit Market street to organise. All three wera present. By-laws were ad opted and M. 9. Myers. H. S. Myers and V. S. Myera were elected directors. M. S. Mrera waa elected president. If. 'S. Myers vice-president and F. N. Myer ecrstary on February 1. Tha direc tor Toted to have the temporary offices sf the bank at 4ii Market street, which rae the Myers residence at that urn. The directors wera re-elected at a annual meeting of the stockholder on January 10. 10. Tba director met and organised as before. The sains formula waa gone through on January f. !. and It waa repeated January l. llt. Tha bank up to that time was U11 trtct!y In the family and not be vond the DaDrr stage. Tha capital stock was Increased at a reaular meeting of tha directors on April 4. 110. from IJOuO to IJO.OWO. di vided Into 3J0 shares of HO each. The stockholder, still tha sams three, met la special session April 1 and ratlned tha increase of capital iiots. A regular meeting of tba directors was beld at what la termed In the min utes tli "banking-room, at 103 Sec oad street, on May 1. At this meet ing Myer resigned tha position of sec retary and wss succeeded by tt. K. mud- sr. M. !. Myers vacate tne prasi deacy and wa succeeded by F. N. Mrera Juna 1a. according to the min utes, waa tha date of the next di rectors meeting. At this session M. S. Myers resigned aa a director and waa succeeded by G. It- Hubner. who had bean elected secretary at the previous meeting. II. 8. Myers also resigned rrorn la directorate and wss replaced by fc. 11. Mr like. Interpreter Is r'nsugrd. fty thWr. tima F. N. Myern had engaged as Interprets V- Mochetia. a young Italian, whom he wev using aa an -aslant to J. A. Bloch In Cw selling of stock to Portland Italians. Much'! signed the record of the June IS mating as secretary, although ha does no;, ap pear in the minutes tlieretofore. Ho asid yest-rdny that Myera) had instructed trim to a'gn. Mjrers and McPtke. a majority of the directors, met on July ll. euid ac cepced the resignation of O. K. llubtwr as secretary, ii. Mochetia ws eiccica to the notation. Nothing seema to rava transpired from July until January 9 tell, mhen the annual meeting of stockholders, accord ing to the minutes, was held. llocnetta d'. lares t?st he d'd not work for Myers frr-m Iwvmber IK jn to February , 1U. yet hue name la down as listing bn rreaent at this meeting, which bo vigorously denies. Myers. il.x-bett-i and MrPiks were unanimously elected direc tor. Morhetta say he was not present at a directors' meeting on Fehruary X rLL at which hi resignation aa d rector was accepted and Albert U. Ferrara tut elected to succeed him. and also that he did not tender his resisoat'on. it-Pike also resigned from t'ne directorate at tMa meeting and "Sat Ccatanbo ssj elected Ms successor. According to the minutes another "regular meeting of the directors we "held the same day. At this meeting Albert B. Ferrera. Nat Cos'anso and F. N. Myer are supposed to have been In attendance. Jrnara denies that either h or Oostanso wss present and aa terta that they could not have legally Wen elected directors for the reason that ttev did not subscribe for slock and a: ve their prom isasry note In payment until February a, live days Inter. Krrrara Made Prosliicnt. Te minutes say that Ferrara took the chair at this aecond meeting or rather "a as called to the chair.' to quote the minutes esactly. So far there is no record cf Mens having resigned the residency, and It Is not sttoan a 1'T Krrrara should have preeided. Followng t.9 tlma that Ferrara "was called to tha cr-eir.' Myera vacated the presidency and vostanio moved the election of Al-wrt B. Ferrara to the vsu-ancy. Mvers nomiraied O.tanso for vice-president and Coeaacso returned tha favor by nominating Myera for secretary. All three elections were made, the minute ear. The book con tans no farther record of the dotegs of Ihe guMmg forces of the l:alian-Amerlcan hut. Ferrara declarea that JC Italians put Xr'.r promlsary r.olea for JUtf. aJ3 or XsiO Into tbe hands of M ers sgents. J. A. Bloch. who waa selling the stork, and fc- Mocbetta. who a-ia acting a Interpreter. Nearly ail the notes were fr the largest amount and they aere for days. M day or sit months or payable on demand. Ferrara also says t"it he renijayd sll M-ers attempta to Inter-, him in the Institution until he saw the stark of notes, with the signer or tha majority of which he la person ally acquainted. He says that he then consented to accent a position aa director and becucne president and alee promised Myers to Interest Nat Costanso. a wealthy member of tbe Portland ItaJlan colony, aod hare him accept tbe vice-presidency. Mount Scott Bank Ge-ts Notes. The majority of the note put up by Portland Italian In payment for stock re now tn the hands of Ferrsra. The attorney declares thst he took, a chance of being arrested for robbery by going down to the headquarters of the Italian American Bank. 1"5 feond street, and taking them. Thla, he oaid. was a few weeks ago. when lie became satisfied that Myera waa not to be trusted. Of the notes worth. Ferrara says, were turned over to the Mount Scott Bank of lnln which was also controlled by Myers, and are booked aa assets of that Institution, which has failed. He does not know how the Mount Scott bsnk could legally have come Into possession of the notes. The minutes do not show anywhere the election of a treasurer. Morhetta says that the note were turned over to Myers and that rash collected was also turned over to htm. The grand Jury which convenes today In District Attorney I'amerona office will also Investlrate Irregularities for -allien livers h alleged to have been respon :h!e In the Mount Sco't Bank of lnis. which waa closed by State Bank Etim Iner Wright. BONO ISSUE REJECTED iIIICA.0 BII)IF.RS SAY OP1MOX Is I' X FAVOKABIiK. City Official Do X'ot Ditgule JVcI' Ins; That F.ffr-rt on Broadway Project I Bad. Farson. Son & Co.. of Chicago, have refused to accept the SSO0.0O0 Broadway brids-e bond upon which they bid two month ago. aa their attorneys have de clared the issue Illegal. No particulars as to what constitutes the alleged Illegal Ity are at hand. City Auditor Barbur received a brief telegram In the course or the session of the Council yesterday morning. In which the firm said It could not accept the bonds on account of the adverse opinion. Previous action by the City Council had authorised the readvertlsement of the bonds, and the City Auditor has ready Inserted an advertisement In the city official paper and in Eaatern bond masaitnrs. but there is much feeling In official circles that It Is almost hopelesa to think of selling the bonds while any litigation Is pending. It Is the Invari able rule bf bondbuyer to make all pur chases subject to the opinion of their attorneys, as In this esse, and thla opin Ion la final In ail cases. "It looks very bad. I must admit.' aaid Mayor Simon, when asked for an opinion. "I had hoped for a favorable reply, but thla la discouraging Indeed. However, the city will re advert tee at once, and we will make another effort to dispose of the bonds. "If I had had my way." said City Audi tor Barbur. I would have dealt wlt thla firm In strong fashion long ago. would not tolerate such dilly-dallying tactics as they employed all along In my private buslnesa, -but where the en tire city Is Interivjted. It Is difficult to know at times Just whst Is best. There has alwaya been a strong Impression In my mind that their bid waa not exactly In good faith, but It may hav been Various suits that have been Insti tuted against the Broadway bridge bond have obstructed the eale of the paper throughout the East. IJtlgntlon. even when of no real merit. Is looked upon by bond buyer with distrust. The Council ratified the action of It street committee In negotiating wltb the O.-W. K. A N. Company and the Northern Pacific Terminal Company for rights of way for the bridge, without hesitation or comment by the members. This makes It certain that, whenever the span Is built, there will be no fur ther need of parley about approaches, as the railroad companies provide both of those. BOY HELD IN HORSE DEAL Taking; Back of Animal Traded Case for Juvenile Court. Much warmth was shown between IVputy District Attorney Hennessy and Attorney Kern ra tn Municipal Court yesterday when Ferrers Insisted upon appearing aa private prosecutor in rase which Hennessy was loth to place on trial. M. Olbson. a business man waa accused of assault and battery upon Mike MartelL an Italian youth. whom he was trying to arrest on a lar- reny charge, and Ferrera appeared for tbe complainant. Ulbson's young son alleged that he had traded horses with Maxtell and that Martell returned secretly and took back the horse be bad given In ex change. Gibson, senior, when hunting Martell In company with a detective, saw th3 boy driving the horse In South Portland and stopiied him. The boy tried to break away and In doing so tore his clothing, lie was placed under arrest on the larceny charge, but It waa found when the case went to trial yes terday, that he waa within the Juvenile Jurisdiction and the case was trans ferred to that court. Then Ferrera demanded the arrest of Gibson and Hennessy moved Gibson s release noon his recognisance. The point vii compromised by placing the case on immediate trial. nennessy. wnue nominally acting as Gibson's prosecutor, broucht out tbe faots In his favor, and Ferrera protested. Judge Tsswell dis missed the charge against Gibson. NORTH PLAINS IS HOST New Town to Celebrate Taking- on of Metropolitan Air Tonight, North riains. a new town In the Tua latin Valley and now the terminus of the Vnlted Hallways on the route to Tillamook, having organised a Com mercial Club., proposes to hold a cele bration and all of Portland has been Invited to be present. A special train has been chartered to leave tonight at .4S o'clock. Two hundred members of the Portland Commercial dub have Indicated their Intention of taking part In the pro ceedings. Among those who win sneak at tbe meeting to be held In one of the new buildings will be C C Chspman, manager of the Portland Commercial Club promotion committee, and John F. Stevens, president or the Oregon Trunk Railway. North Plains Is IS miles from the heart or Portland and was established ss a town so days ago. It now has graded streets, plank side walks, water and lighting systems, tm-o lumber yards, general stores and bar ber shop, with a brick plant and cream ery projected. TOURIST CAR SERVICE To St. Paul and the East In effect every day from Tacoma and Seattle on. tha C M. P. S- Ry. Trains leave Tacoma 7 A. M. Seattle SO A. M. Lower berths to Missoula ti.li: to Butte. Har lowton. $J: Miles City. IJ.;5; St. Paul, ti. Vpper berths cheaper. Apply to city ticket office. Railway Exchange. Third and Stark streets, for reserve Ucna, tickets, etc 11 MEASURES PUT OP TO ELECTORS Council Submits Proposed Amendments to Charter for Action. AUDITORIUM TO BE DECIDED People to Be Given Opportunity to Vote on Proposed Bond Issue of $00,000 for Building; High Bridge I'p for Voters. Eleven proposed smendments to the city charter have been submitted to the people for decision by the City Council five of these be'ng ordered on the ballot at yesterday's aess'on snd six having been acted upon previously. This a the last regular meeting of tbe Council at which measures may be submitted for the June election. Initiative peti tions may be filed not later than April 5. Chief among the proposed amendments submitted by the Council yesterday morning wss one calling for the Issuance of bonds not to exceed t)X)0.NU for an auditorium, the creation of a commission to handle the project and to select site for the building. Tbe Mayor 1 to appoint this commission. Rushlight avor Competition. Councilman Rushlight surprised his colleagues by offering a proposed amend ment lor competition In sewer pipe con tracts. He had a fight to get this through, too. for there was a small number of Councllmen present when It came up for a vote, but be succeeded In getting It on the ballot. It provides that in all sewer work the City Engineer shall sub mit plans and specifications for both cement and terra cotta pipe. Mr. Rush light heretofore has opposed cement pipe and has favored none but terra cotta. Mr. Rushlight also offered and cured favorable action upon a proposed amendment, creating a pension for aged members of the treet-cleanlng and sprinkling department. Identical w-h the nrovlslons for oensions for firemen and policemen, previously submitted by the Council. Mayor Simon and seversi mem bers of the Council spoke In opposition to the amendment, but It carried by a majority of those present when the vote was taken. Beldlng's Amendment Carries. Councilman Beldlng was author of an other proposed amendment, giving the Council power to order Alls on streets where thero are gulches al tne expense of the general fund. This also met oppo sition from some members, but carriea fhv a vote of s to i. Councilman Lombard fathered one to provide rii.iJ0 for garbage collection which naased. Other measure submitted to the peo ple by the Council at previous sessions are: , Authorising a bond Issue of Jl.40o.000 for a hls-h brlda-e In South Portland. Authorising the Issuance of bonds not to exceed lao.OOU for a City Jan. Munici pal Court. Emergency Hospital and po lice headquarters building. Creating pensions tor policemen and firemen. Increasing the salary of the City At torney from r:0 to 0 a year. Increasing the salary of the City Engi neer from tW to not less than lSit , giving the Council power to fix. PAVING DELAY DEPLORED Peninsula Stirred by Restraining Order Which Hold Back Work. Fearing that the restrslnlng order against the Hassam Paring Company 111 hold up the many miles of pave ments under contract on the Peninsula Indefinitely, the Peninsula Develop ment League considered the subject at the meeting held In North Alblna Tues day night. It waa reported that tne Hassan Paving Company had contracts on several Important streets on the Peninsula. Including Lombard, which extends from Peninsular Station to the North Bank Railroad cut. and Ports mouth and Alblna avenues, all of which are affected by the order of the court. It was the sentiment of the meeting that to delay these improvements would be serious for that portion of the city, and a special commutes was appointed to take the subject up with tha City Engineer and the Mayor. W. G. Meele waa made chairman of this committee. The Development League considered the subject of forming an "All East Side Development League." composed of delegates from all the push clubs and civic organizations, which should meet on tha Last Side. Action wss deferred until tha next meeting. It was the sentiment of the meeting that such an organization would be ef- footlve In promoting the growth of the East !. OREGON SETTLERS' MECCA Railroads Report Majority of Per sona) Bound for Bearer State. Louis W. Hill, president of the Great Northern Railway, sent a telegram yes terday to C C Chapman, manager of the promotion committee of the Com- enerrial Club, that over one-third or the passengers out of the Twin Cities yesterday on the oriental jimtica were for Oregon points." Thla news is In accord with the gen eral trend upon all of tbe railway lines. Arrivals of prospective settlers In Port land yesterday from the Eastern and vntddle states were largely those coming with a view of finding small farms, was the statement of Jhose In chsrge of the various bureaus of Information where the Incoming settler first makes his ap- fea ranee. This is our narveai. sua j nap- man, ana It is our ami iu mairc u as pleasant ss possible for every one of the settlers.' Amonz those who arrived yesterday morning waa a party of 40 from Austria. They expect to engage in railway work. Homeseekers! Chehalis, Washington. Surrounded by largest dairy, fruit and farming country In Psciflc Northwest. Acreage inducements for Intensive fsrm Ing. County seat Lewi County, where land la cheaper and the best. Cheballs la the liveliest Inland Washington town of fcooo people. Pavd street, electric lights, sewerage, water, gas and all mod ern comfort. Has r5.0ra In public Im provement unaer way now. v ssit i.-ne- a II and see soutowesi aanington s -seat farming section before locating el Isewhere. . Chehslla hss a variety of anufacturlng with large monthly pay- m rolL 1L r or aetail viail uvnaiis, or sa- esa Citizens' Club, Cheballs. Wash. dr Majority, of Mayoralty Possi bilities Hesitate. ONLY 2 CANDIDATES BUSY Werleln and Rushlifrht Starting to Line I'p Supporters Llghtner and Ixmbard and Cellars Un decided Lane Holds Back. nih County Commieaioner Lightner and Councllmen Lombard and Cellars still undecided ssi to wnetner xney win enter the Republican primaries for the office of Mayor. J. E. Werleln, City Treasurer, and A. G. Rushlight. Councll- . i. A cAvnh Ward, are so far roan uum mo . - the only open and avowed candidates for the otTlee. Mr. IJghtner last night said ne neo not -..i.i...i ,A Antee the race, but that he was considering the question; Council man Lomnara saia ne ws hui rc " . - hi. mnA Councilman Cellars iei W "IO M likewise, waiting for an expression of public opinion. Candidates Are Bnsy. In tli meantime. Rushlight and Werleln are busy at vote-getting, both of them being very active. Both are lining up support throughout the city and axe pre-n.rina- to make vigorous campaigns. They are not waiting for anything, but are determined to win mo uuiiuuauuu, and their forces are rapMly being or ganised into fighting trim. Since the withdrawal of Mayor Simon from the race. Werleln has been active. He has received pledges of support, he declares, from many sources, some of them unexpected. Rushlight Is endeavor- in a- to secure the labor vote, out. Mr. Werleln Is not conceding this point at sll. but on the contrary is aeterminea to have his share of these votes, aa he maintains that he Is entirely friendly with organized labor, and that he merits support from thla quarter aa well as any one. It is decidedly interesting to note the activity of the office seekers. They are WOMEN SHOULD USE THIS - TO CLEAR THE COMPLEXION AND MAKE THE SKIN YELYETY Here Is a Simple Recipe for a Maseage t reasa Tea Lu Easily Prepare at Home No woman need" suffer the humilia tion of an unsightly complexion If she massages the skin nightly wltb plain rerol cream. This can be prepared at home at small cost. If yon get 2 ounces of cerol at the drug store and dissolve in a scant pint of boiling water and stir until smooth. Using this dainty and delightful massage cream quickly rids pores of blackheads, overcomes the oily, shiny condition and makes the skin soft and velvety, giving it a natural, healthy tone which powder . and rouge cannot successfully Imitate. Adv. 5 " J-rs ... Capt. Stephen Decatur, naval Hero of the War of 1812, 'died March 23, 1820, as the result of a wound-received in a duel rtj$ fought three days before. , -. 2... ?33EQ-!ir fw ?sTR 'TP H TNI fr fife as aa eb mm wWfc:m&& PL mswxim' endeavoring to "get a line" on the suc cessful candidate, as they want to "pick the winner" -and be in a position to re ceive favors at the proper time. Patronage Is Sought. Whoever Is elected Mayor will have a large amount of patronage to dole out. Included In which are the positions of Chief of Police. City Health Officer, Building Inspector, City Engineer and a host of minor places. The first three named positions pay J2M a month each and the City Engineer's present salary is 20O. but it may- be Increased by vote of the people next June. In the Democratic camp, George II. Thomas, the only candidate who has filed his declaration with tile City Auditor, la busy lining up his forces and pre paring for a strenuous campaign along partisan lines. Dr. Harry Lane, ex Mayor, Is undecided. He said last night that he is seriously considering the ques tion, ss he dors not particularly deerlre SPRING. We're ready to help Portland's best dressed men to prepare for the fashion parade. Imported woolens exclusive patterns. Clothes that show the rare qual ity the style that only the best tailors can impart. .' $36 to i$50 Temporary location 304 Washington Street. JlARK TAILORS o,. nttiu hut , a vauM not rare to so.v he would not be a candidate. , He will announce his decision a little later. TOURISTS, ATTENTION! The Northwestern line is prepared to sell tickets to all points East No change of cars Portland to Chicago Special at tention given -tourist, business. Call or write R. V. Holder, 102 Third street. Portland. Or. ' 1 " Woodburn Hopgrowere Quit. WOODBPR!, Or., March 22. (Spe cial.) A few hopyards east of Wood burn are being plowed, the owners pre ferring to enter other industries, most tt.-rr, niantlnz the hopfields to i v. R Saelv has plowed 35 acres. L. W. Durant 10 acres and D, Corcoran 11 acres. .We're specialists on, clothes that fit. ssssasmmmBBsTM ' (VsT- We cater to the really fastidious men who want style quality, fit at a moderate price. Clothes Built Right." 0F QP FOR PARTICULAR MEN Don't Be Bald Almost Any One May Secure a Splendid Growth of Hair. Toil can easily find out for yourself If your hair needs nourishment if It is thinning, getting- dry, harsh and brit tle, or splitting at the ends. You sim ply have to pull a hair from tha top of your head and closely examine Its root. If the bulb Is plump and rosy it Is all right: If it Is white and shrunk en your hair Is diseased and needa nourishment. We have a remedy for hair troubles that cannot be surpassed. It has a record of growing hair and curing bald ness In 93 out of 100 cases where used according- to directions for a reasonable length of time. It will even grow hair on bald heads if the scalp is not glazed and shiny. That may seem like a strong- statement It is, and we mean it to be, and no one should doubt it until they have put our claims to an actual test. Wa are so sure that Re-tall "93" Hair Tonic will completely eradicate dandruff, prevent baldness, stimulate the scalp ar.d hair roots, stop falling hair and grow new hair, that we per sonally give our positive guarantee to refund every penny paid us for Rexall "93" Hair Tonic In every instance where it does not do as we claim or falls to give entire satisfaction to the user. Rexall "93" Hair Tonic is as pleasant to use as clear spHng water. It is per fumed with a pleasant odor, and doeB not grease or gum the hair. We have it in two sizes, prices 60 cents and $1.00. We urge you to try Rexall "93' Hair Tonic on our recommendation and with our guarantee back of It. Tou certainly take no risk. Remember, you can obtain Rexall Remedies in Port land only at The Owl Drug Co., Cor. 7th and Washington Sts. "BRIGHT'S DISEASE So Bad My Doctor Told Mo to Prepare to Die.'" Dorchester, Mass. "I was taken with a convulsion a short time ago, and one of our best physicians told me It was caused by a severe case or Bright a Disease. He said there was no help for me nothing could cure me, and I had- better prepare to die- I went to a drug store and bought Warner's Safe Cure together with Warner's Safe Pills. I took the Safe Cure as direct ed, and one or two pills every night. faithfully for five months. About the middle of December, thinking It would be well to know my actual condition, I was examined for kidney trouble, and was delighted to have no trace of ktd- ney trouble found; urine, was clear even after standing 24 hours. Don t think I shall need any more Warner's Safe Cure, but I will recommend it to eyery one and tell them what I think of it. It is a sure cure. Nothing to eoual It. You cannot write anything too strong. My faith In Warner's Safe Cure cannot be estimated." H- H. Johnson, 242 Adams Street. Warner's Safe Cure Is an absolutely f onri permanent remedy for all dis eases of the kidneys, liver and bladder. It is made from the fresh juices of plants and medicinal roots, gathered at the proper season in various quarters o the globe. Men skilled in pharmacy and chemistry compound it. Put up in Eiic. and $1.00 sizes and sold by drug gists everywhere and Warner's Safe Pills, for constipation and biliousness. are sold at. ac a pnuniiKe. Tf von have never tried Warner's Safe . Cure send us your name and address. We will send you a sample bottle, to gether with a sample of Warner's Safe Pills, free of charge. All we ask is that vou mention The Oregonian when, writing. WARNER'S SAFE CURE CO- Koche&tex, N. Y. A A