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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Nov. 8, 1911)
THE MORXTXG OREGOXIA WEDNESDAY, NOVEMBER 8, 1911. 14 BANKER HAS PRAISE FOR ALDR1CH PLAN Edward Cookingham Says Proposed Currency Bill Is Sound in Principle. PRESENT SYSTEM UNSAFE Scheme DwUrH B-t Yet IX-vtW to pt AmrrW-aa Ranking on Scientific Bl Control br Is Impo.flbIv Outlnlec the provisions of the Ald rtch eurr.ncT h'M. as It PP" UiMt revised form. Edward C"01" ha-n. vlca-presldent of the l-adl Tllton Bank, oft-eld h proposed maa tr, in an rm before the Portend Chapter of t.le American Banking In stitute last nlsht. aa the best plan yet devised to pta-a tn hanking system of the folt.d Sit upon a sound ana scientific basis. "It t sheme worthy of the care ful study of every eltuen.- he said. -It haa been generally regarded a a bankere sheme.' but as a matter or fart. It la of mora vital Important to tna worklngmen and businessmen of the country, than to tha bankers them selvea fewtrol la niatrleateA. 'The National Reserve Association, as provided for In tho Aldrlch bill. I tha broaJest kind of a Iemocratlc ln atltutlon. It distributes tha control of the association among wn lo.ooo In stitutions throughout tho 1'nlted States, and gives to tho amall bank the sanie advantaae that It gives tha large out. In the moot literal sense. It provi.lra for an organisation of the people, oy in. people and tor ina pepi. u. rnkinhm said that In tha oiiclnal drall of tho Mil ha believed that ampla safeguards were mada acalnst tha poaalblllty that the control of the association might become cen tralised In the hand of a few. but In It amended form. the protection asalnst thla possibility waa made even stronger. la .areee4- "I defy anyone to show any poanlble J way In which the Urmwri'T " me r iiitlui'un can be broken d'iwn or how any ona aet of men or section of tha mniirr can sain control of It." he aald. 'It ellminatea political and sec- J ttonal control, whl.-h waa tna one i.nn that could not be dona under prevlouely devised plana." Mr. Cnoklnilum declared that the best banker and the bet thlnkera of the United States believe the present avatem of banking- to ba "unsound, un aafe and unsrlentlf 'c. Tha proposed National Keaerve Association, he be. Iievea. will alve the problem and placa the country on a sound bala. "Th chief beneflta to be derived from th functioning of the new ava tem." ha explained, "win be three: Tha centralisation of onr reserves: the cre ation of a discount market, and tha creation of a system of not Issue that wtll be elastic and responsive to th den:ands of the economic situations tr.at may arise IMaevaat yateaa Feat are. - He laid especial stress on tha value the Aldrl.-h plan would have In Intro-, ductna; Into tlie I nlted States a dis count system similar to that which prevails In Kuropc. which will benefit most directly th mercantile and In dustrial elementa In the 1'nlled State. The National CIMxcns League, or jtanlxed In Chlcu;. Is conducting a campaign of education on tha Aldrlch currency plan and organizing, branch associations throughout the I'nlted States. Mr. CooklnahAm received com munications from the league a ahort time ago. which he placed In the handa of It. M. Haller. president of the Cham ber of Commerce; Harvey Heckwtth. of the Commercial Club, and T. II. Wilcox, of tha Oregon levelopment I.eague. asking them to appoint commlttrea to organise a branch of the league In fv.'tlan.f. Mr. Cooklnsham earnestly urged the younx men present at lt ntght'a meet ing to put themselves In touch with this organisation and to study tha new currency bill, since there will prob ably be several mora minor amend ment In It before It Is submitted to Omgrees In form for final consider ation. RECEPTION IS ARRANGED SO High School Student to Greet Australian Bo; llere. Lieutenant Jeffrey, travel In a; In ad var.ee of th Australian boys, left yes terday for Kelso, Wash., to arrange for tha entertainment In that city, having completed hta work In l'ortland Mun day. Monday afternoon h addressed tha atudents of th btKh acboola and 60 of th blsh erhool boya aa;rd to en tertain tha visitors from Australia, at their horoea durlna; tnelr atay In thla city. Tha Australian boy will arrive tn Portland Icember 1 and will remain until December . While here they wtll jttve aeveral mnelcal and athletic antertalnmenta and football and crick et jramee acalnst local teama will be arranged. Tha AutrjlUr.s are paylna; their traveling expensea from the re ceipts from entertainments. Lodging tn tha homes of the cttUens Is given them and tails for their entertain ments are furnished free cf charge. Tliey have been aent out under tha auaplcea of the educational and mili tary authoritlea of Australia to bava tha advantage of "education by travel." and wr aelected from the entire Aus tralian colony for superior merit In musical, scholastic and athletic work- Th eomraitteee which have been ap pointed to entertain them while they are In l'ortland will meet Thursday noon at a luncheon at tha Commercial Club, whirs plana will ba completed. Th luncheon will be presided over by W. T. ouchanan. chairman of tha gen eral committee. PERSONA! MENTION.. Earl Eakelson. of Heppnar, Is at th Lenox. Carl Fink, of Eugens, Is at tha Cor nelius. O. Schneider, of Stayton. Is at tha Perkins. C." A- Smith, of Newport. Is at tha r.amapo. p. L. darby, of Seattle. Is reg1ster4 at th Lenox. W. L. Bedo. a Seattle contractor, la at th Oregon. p. H. Coffin, a Lebanon merchant. Is at thm Carlton. j. B. Farmer, of Boise. Is registered at th Ramspo. Char lea L. Baker, proprietor of Ho- tel Julian at Corvallla, la at the Ore gon. J. L. Oliver, of Pallaadea. Colo, U at th Rspiapo. A. B. Btaxbuck. a physician of Dal las, la at tha Imperial. Mr. and Mrs. C K. Smith, of Jeffer son, ara at tha Lenox. 1L C Masterson. of Waahinrton, TX C la at tha PorUand. Eugene France. ex-Mayor of Aber deen, la at the Perkins. John Huntley, of Ashland. Is regis tered at tha Cornelia. E. O. Bell. Reno mining man. la reg istered at tha Perkins. Mr. and Mrs. A. J Burns, of Milwau kee, ara at tha Cornelius. I D. Smith. Woodburn merchant, la registered at th Perkins. J. V. Reynolds, a fruitgrower of Wa natchee, la at tha Carlton. Mrs. T. M. Baldwin, of Prtnevlll, ts registered at the Imperial. Mr. and Mrs. Frank H. Sanborn, of Astoria, ara at the I'ortland. J. B. Windsor, a coal dealer of Taco ma. la registered at tha Oregon. Mr. and Mrs. William Ard. of Vic toria, ar registered st tha Portland. Pater Connacher. a tlmberman of Taoolu Is registered at the Oregon. Fletcher Horns n. prealdent of Wil lamette University. Salem. Is at tha Imperial. Lieutenant H. R. Searls and Mrs. Pearls, of Washington. D. C ara at the Portland. P. Hathaway, a mining man of Couar d'Alene. la at the Carlton. Ha la ac companied by Mrs- Hathaway. Mr. and Mrs. John C Shlllock ar receiving felicitations over tha birth of a aon fcunday evening. Tha new ar rival la the third, tha eldest child being a son and the second a daughter. NEW TORK. Nov. 7. Sailing aboard the stesmshlp Kalaeiin Auguat Vic toria, of the Hamburg-American Una. for Plymouth. Cherbcurg and Hamburg are the following from Portland: Mlaa Henrietta M. Tlchner and Mlaa Ger trude White. CHOIR WINS -APPLAUSE U t lMI PROGRAMME AT WHITE TKM PLE IS DKLIGHT. Uonirn'i OrganlxaUon, Some of Whow Members Are 5Iere Girls, Sings With Wonderful Effect. A musical novelty In tha rocal Una, flrat-clasa In every respect, especially In good tonal effect and wonderfully distinct enunciation, fittingly deacrlbes the Royal Welsh Ladles Choir. Madame Huges-Thomaa. conductor, which gave at tha White Temple, last night, tha first of two concerts to be sung- In this city. The event wss both a popular and artistic success, and th encores wer numerous snd hearty. Th audi ence waa a good ons. Tha choir singers, about 10 In num ber, strike strong, patriotic Welsh notes which very quickly enthuses lliU eners. The singers, all young women some of them mer girls, have fresh, ringing, youthful voices, and so ex cellently have they been trained, that In choral rendition they sing abso lutely as one. Nothing so novel, so In teresting In vocallsm and choral sing ing haa been experienced her for quit a long time. Every word, every ayllable ara like pearla of great price. lr aeemed that many peraona In the audience wer Welsh, for the Welsh songs earned warm applause, and on several occasions the audience willing ly Joined In the chorusea "Tr Haf." "Snow" (Klgar). "Now Tramp O'er Moss and Fell." "Comrades In Arms," 'The Soldiers- Chorua" from "Faust." "Land of My Father." and "Harlech." were th best sung numbers and most stirring wera they. Tha soloists sre Miss Peters Lang ford and Miss Owen, sopranos, and Miss Alice M- Lewis, a phenomenal con tralto. Miss Lewis Is ona of th very best contraltos that ever sang here. She has a deep, mellow roles of remark, able purity, and her compass extends to about three octaves. She slnga from C and K-f'.at. below the staff, to O In the high ledger ltne. The chorua sincere won honors both in singing to piano accompaniment, and a capella. Tha choir, which glvee a new pro gramme at Its concert tontght. Is well worth hearing. CAR SHORTAGE REMOTE O.-W. R. at N. General Freight Agent Sajs Danger Is Orer. "Whatever danger of a car ahortage en the O.-W. K. A N. ltnea exlated In Fastern Oregon haa been relieved In the last few days." said Frank W. Rob inson, general freight agent, yesterday. Mr. itoblnson declarea that there never waa any reason for alarm, aa tha company haa been endeavoring to furnish all th cars required from th beginning of th season. "We ar taking car of tha altua tlon everywhere." he said yesterday. "Th 6rain movement la bandied splen didly. Movement everywhere hars been besvy, but there has bcn no danger of a car ahortage." Mr. ICoblnsnn accompanied tha other Harrlman offlclala and membera of tho Agricultural College staff on th demonstration train through Faetern and Central Oregon last week and la enthualaatlo over tha reaulta of tha trip. "Farmers told at." ho declared, "that crop conditions ara better now than they have been In ten yeara. Nearly all the Fall gTatn Is In the ground and la developing nicely. After three sea sons of light crops, the farmers In Kastern Oregon have cause to be en couraged over the prospects for next season. Th members from th Agricul tural College say that th recent trip waa tha moat aucre.sful ever under taken In Oregon. More persons at tended the lectures and the Interest among the farmers waa greater. "I waa much Impressed with the Im provement of condltlona In Central Oregon. The coming of th railroads certainly has helped that country. Kach succeeding trip haa ahown me tha gradual change taking place there. Th development will b even more rapid, now that rail transportation haa been established." Fare Cat for Football Game. Fares of one and one-third for the round trip from all points tn the Wll lajnetto Valley to Portland for tha I'nlverslty of Oregon-University of Waehtngton football game were an nounced yesterday by John M. Scott, general passenger agent of the South ern Pacific Company. Ticket will be placed on sale on the day of the gam and will be good returning tha follow ing day. A special train may be ope rated out of Eugene. CARD OF THAXK1. Th daurhtera and grandson of Mrs. Margaret Flsk v. ten to return their sincere thanks to all who ao kindly assltc1 tbem in their bereavement . A. Ft.. Relief Corps. Rebekaha, singers, neighbors snd frUnds. MRS. L. E. 0"TVAV. MR Z. M. MO-PT. MRA t. J. THOMAS. LOtlE J. THOMAS, Men's Suits and Over coats, 1-3 Off Men's Shirts Clnett, Star and E. & "W. f-2.00 Shirts now SI. 05 $1.50 Shirts now 85c $1.00 Shirts now 6oC Buy all you need for a year. OnS ale BETTER HARBORS IS CRY BIG DELEGATION TO URGE IM PROVEMENT AT WASHINGTON". Chamber of Commerce to Study Ways to Build Tp Shipping; Facil ities of Portland and State. A csnvsss will ba mads by the Port land Cnamber of Commerce to send tha largest delegation that haa ever cone from Oregon to the Rivera and Harbora Congress In Washington. D. C.. Decem ber ( to 8. Oregon htu never before been represented by more than five del egates at this congress. At tha meet Ins; of the board of trustees yesterday morning It waa decided that, in view of the fart that the completion of the A I.AOIKV Sl IT. MADE TO VOIR ORDKIt FROM VOIR OW.V MATERI ALS BY HIGH-CLASS MAN TAILOR, Motor or Pole Coats H1Q.OO Separate sart it S3. BO All n.y work ts guaranteed. If work is unsatisfactory. I will not only refund the money you pay me, but will also pay you for the materials furnished. Is this not fair? I do not know how to make a stronger guarantee. I feel confident In pleasing you and will do my work so well that It la sure to be satisfactory. I must please you. I receive nothing If I don't, and lose money, too. Any of my customers, and I have a large list, will tell you that the quality of my fit, style and workmsnshlp (ls perfect. I can give you references. Come In and give me an order today. J. L. SL AN, Ladies' Tailor Tenth aad Alder Sta. 41 1 Central Bids. TRY THIS IF YOU ACRE FROM A -BAD Tells How to Get Rid of the Worst Cold and All Grippe Misery in Just a Few Hours. Nothing else that you can take will break .your cold or end grippe so promptly as a dose of Pape's Cold Compound every two hours until three consecutive doses are taken. The most miserable headache, dull ness, head and nose stuffed up. fever lshness, sneeslng. running of the nose, sore throat, mucous catarrhal dis chargee, soreness, atlffneaa, rheuma SHEEHY-BRADLEY STOC NOW ON Hundreds availed themselves yesterday of the opportunity of saving from ONE-THIRD to ONE-HALF on HIGH CLASS HABERDASHERY. a This entire CHOICE STOCK offers a splendid chance for Holiday Purchasers, as well as for present needs. Men's Fall Dress and Fancy Vests, y2 Price "E. & W." Collars Large assortment of styles and sizes. 1212d Each Everything Else at Panama Canal Is only about 20 months away, no effort should be spared to have the river snd harbor facilities of thla atate given Immediate attention, ao that Oregon may be In readiness for the Increase of marine trafflo that will follow Immediately upon the opening- of the canal. H. M. Haller. president, was suthor ised to begin the canvass at once. Let ters will be dispatched over the state to every person who may be Interested in river snd harbor Improvement. The trustees also took up the ques tion of securing better steamship fa cilities out of Portland that will enable Portland merchants to ship parcel or ders. It was held that the Inability to arrange for parcel shipments lost many orders to merchanta of this city that might otherwise be secured. The ques tion was referred to the transportation committee to act In conjunction with the general board. J. N. Teal, who has Just returned from Washington. D. C. where he at tended the hearing on the Spokane rate case, read his report before the trans portation committee and the general jut I m oupnse Phone Marshall 8083. ALL OVER GOLD OR- THE GRIPPE. tism pains and other distress begin to leave after the very first dose. Pspe's Cold Compound Is the result of three years' research at a cost of more than S50.000, and contains no quinine, which we have concluaively demonstrated Is not effective In the treatment of colds or grippe. Take this harmless compound as directed, with the knowledge that there Is no other medicine made anywhere else in the world, which wtll cure your cold or end Grippe misery aa promptly and without any other assistance or bad after-effects as a 25-cent package of Pape's Cold Compound, which any druggist in the world can supply. OF THE Underwear, 1-3 Off . Men's Gloves Dent's, Fownes' and Perrin's. $2.25 Gloves now SI. 50 $2.00 Gloves now S1.35 $1.50 Gloves now 95 in This Exclusive Stock Reduced Proportionately raan board in the afternoon. In the morn ing session of the trustees he gave a report on his efforts in Washington to secure action on the reclamation enter prises In Oregon, urging the chamber to take immediate steps to secure fa vorable action from Congress on the HO FOR JOIN OUR EXCURSION TO THE FAMOUS ROGUE RIVER VALLEY FREE TRIP TO ALL BUYERS Rogue River Valley 10-Acre Orchard Tracts can be purchased until December 1 for $65 an acre up. Small payment down, balance $1 an acre each month. , After the above date the price will be raised at least 10 per cent. ANOTHER ONE OF OUR BUYERS SAYS SEATTLE, "Wash., Nov. 6, 1911. Southern Land Co., Portland, Or. Dear Sirs: I decided to go to Medford, Or., and look over your Rogue River Valley 10-Acre Orchard Tracts. I found the land to be very rich and well adapted to raising fancy fruit. I purchased a 10-acre tract and picked out a few tracts for my friends, and I firmly believe we have made a fine investment and expect to have nice homes there in the near future. I wish many honest and industrious persons would take my advice and go to Medford to see for themselves and settle down on these tracts, so that we could have a nice fruit colony of our own. Yours truly, EMIL R. ENGSTROM, 5238 Leary Ave., Ballard Station. WE CAN ARRANGE TO IMPROVE YOUR TRACT IF SO DESIRED SOUTHERN LAND CO. 919 CHAMBER OF COMMERCE BUILDING Order Men's Hats, 1-2 to 1-3 Oil Men's Sox Finest makes of silk and other materials. 1-3 Off Umatilla and other reclamation proj ects In the state. Falls City Accepts Bond Bid. FALLS CITY, Or., Nov. 7. (Special.) -The City Council at Its meeting last d Oak StreetS HEIDELBERG THE PRINCE OF PILSENER HAS ARRIVED From FLECKENSTEIN- MAYER CO. Phone T3 Umbrellas, 1-3 Off Neckwear $3.00 Ties now S2.00 $2.50 Ties now S1.50 $2.00 Ties now S1.25 $1.50 Ties now. 95 $1.00 Ties now 55 50c Ties now. 29d tore night accepted the bid of the Bank of Falls City for the purchase of the $5000 water bonds. Player pianos rented, $12 per month; free music rolls. Kohler & Chase, 375 Washington street. Main 67