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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Jan. 3, 1912)
pra; MOTtxryo onEGoyiAy. Wednesday. January 3p3- 10 HEW BANK SYSTEM DEEMED PANIC FOE will reasonably soon become ths finan cial center of the world, there will never be any occasion to draw on Eu rope for gold reserves In any con tingency and there will never be any more panics." Mr. Cookingham explained some of ths details of proposed organisation, but on account of lack of time he was unable to discuss these featurea fully. Me will again address the Rotary Club. January 21, on ths same subject and will point out tbe advantages to bs gained by the Northwest from the pro posed monetary system. Postmaster Merrick will be ths cbalrman of tho meeting next week, when the Greater Portland plans will be presented before the cluo. Mayor Rush light, members of lbs City Council and of ths Executlvs Committee will at tend. ,MJLa VV 11 lunula iuiLini Edward Cookingham, of Ladd & Tilton, Explains Proposed Plan to Rotary Club. nf Samtnle Coats Suits. Gowns and DressesA sacrifice sale of phenomenal magnitudeReductions unheard of for classy , Of Sample pau,auiis,u WQicTC pottirftats rrv Onpra Coats. Party Gowns and Dancing FrocKs Nearly every &nUn WcZn the dollar of the original manufacturer's cost-Cost or orig. garment m mis siore regarded in this sale Our only aim is to clear them out 1AMCE SAL ANTIQUATED WAY DECRIED Method of National Monetary Com mission to Come Before Confuse I Praised Paaace for Union's Financial Concerns. Pointing out the various delects of tho present monetary system In this country and declaring- that the United States Is ths only enlightened nation In the wiirM that employs crude snd antiquated nankin methods, Edward Cookingham. of the Ladd TUton Bank, yesterday declared before the Portlsnd Rotary Club that the only solution of the Important problem so far advanced lies In tne adoption of ths proponed monetary plan which Is to corns before Conirress this year. Tbe speaker explained various fea tures of the legislative plan of the Na tional Monetary Commission, carefully analysing; ths details and Illustrating the functions of the proposed system. He said lis adoption virtually would be the panacea (or money panics and that the financial and commercial con ditions of ths country would take care of themselves automatically through ths operation of this plan. He de clared that In no way would It bs pos sible for politics to dominate or In fluence the workings of the Institu tion. Weak System Deerled. -Ths banking power of ths United States Is fortified, by the Immense sum of :.000.000.0 and Is greater than that of England. Francs and Germany combined, and yet we have the weak est, crudest and most defectlvs bank Ins; system In ths world." said Mr. Cookingham. "It is the very weakness of the system which has made us suf fer costly money panics In ths past. When capital becomes sensitive It . la the bankers who are first to lose con fidence. Tba banks are dependent In Umea of emergency. This condition exists on account of the lack of co operation and because of antiquated banking laws, of unwleldly notes and of our currency system, a relic of the Civil war. "in passing through periods of de pression la times past. It la remark able that ws have been able to storm ths rocks of financial disaster. It has remained for the sober-minded senti ment of our people and our great nat ural resources to bring us to the aur- -Nothing Is mors vital to ths wel fars of our people than a banking sys tem that will withstand ths hardest tests. The plan proposed by the Na tional Monetary Commission contem ' plates a system that will bs as strong as the Hank of Kngland and ths bank ing power of rance and Germany combined. Reserve AaseetatJea Is Plaa. -In Kurops ths great banking power la controlled by private Individuals. Our plan will differ from that by the formation of a National reserve asso ciation. This will provide for a great reserve power to be participated In by ths various National banks, with a guarantee of the Government behind It. I'nder this plan local prejudices ars eliminated and mobilized reserves are vitalised, making thla power ef ficient In cases of emergency. There Is no question In my mind that If this plan Is adopted America VENISON SELLERS FINED miTcrslty Clnb Steward and Res taurant Man Taxed $100. C. Wlddershertm, steward of the Uni versity Club, and Jacob Freeman, pro prietor of a restaurant, pleaded guilty yesterday to ths charge of having door meat and ducks In their possession In violation of the Oregon game laws, and were fined 1100 each by Justice of the Peace BelL M. C. Mace and J. C. Green, of Mace's Market, also appeared before the magistrate They pleaded not guilty to ths chargs of having deer meat and ducks In thoir possession. Their trial was sot for tomorrow after noon at X o'clock. Charles Wright. M. C Dickinson and E. E. Larrimore. of ths Oregon Hotel, also pleaded not guilty to the same charge. Their trial was set for Fri day afternoon at t o'clock- R. w. Schmenr. Mrs. Theodore Kruse and M. Koffslder, of Louvre Cafe, also entered pleas of not guilty of the charge of violation of the stats game laws. They will bs tried Saturday afternoon. These cases are the result of raids made by Warden Flnley and his as sistants on a number of hotels and res taurants a week or two ago. when ducks and deer meat were found by the authorities in tne com sior ln violation of ths game law. The season when ducks may be sold closed December 15. The deer season closed December 1. Y. M. C. A. MAN PROMOTED W. A. Sellwood, of Poeatello, to Take Charge at Ashcroft, B. C. W A. Sellwood. a graduate of Ore gon Agricultural College, who has been assistant secretary - of the Poeatello. Idaho. Young Men's Christian Assocta . i h kern transferred to ths Indus. trial Y. M. C. A. at Ashcroft. B. CX, where he will have chargs of ths as sociation. The Ashcroft V. M. C. A. Is on a kranob Uns of ths Grand Trunk Pacific, new under construction. Twohy Bros., of Portland, are the contractors. Mr. Sellwood had charge of a T. M. C. A. car In the construction camps of Deschutes Canyon last Summer. The Association work along the Deschutes has been abandoned, as the two rail roads ars practically complete. L B. Rhodes Oregon-Idaho secretary of the T. M. C. A-. reports that It was one of ths most successful efforts that tbe as sociation has made In connection with eonstruction enterprises. The T. M. C. A. work at Celllo Canal. Mr Rhodes reports, now Is prospering. It Is In chargs of F. N. Morris and Is conducted In a building erected by tho Government. Astoria's Rainfall Below XormaL ASTORIA. Or, Jan. x. (Special.) While December was generally consld- . . ....... v. MNirdi In rva m wwi uivu.u. Weather Observer Gllmore's office show that the ramrau was coniiurr ably less than normal for that month. Ths total precipitation during Decem ber was 1 Inches, which Is 1.S3 lnchess less than the average of ths corresponding month of previous years. There were i'S days on which rain fell, and ths greatest amount of precipita tion during any !4 hours was i-il Inches, on December S7. The rainfall during the month of December In 110, a year ago. was jv.w "THE GAMBLERS" HEAD LIKES CHANCE GAME Paul E-erton. Leading Man, Declares That, in the Part. He Patronised Bookmakers Now He Prefers to Invest Coin in Eeal Estate. BT LEONK CASS BACR. IS a raught-on-the-run "gabfest with Paul Kverton. leading man In -The Gamblers." that well-fed. ntce-Iv-krpt looking young man acknowl edged that he was six Innate gambler and furthermore asserted that he thought everybody else in the world was one. the only difference being he wasn't afraid to say so. "Now don't rish Into print with ths siatemrnt that I advocate gambling as a protrusion, or even as a pastime, for I certainly do not" (emphasis on the not), he admonished aa 1 began to eat up what he was saying. "1 only mean that in common with all normal people. I drluht In real amra of chance. It's Inherent In hu manltv. I've taken my chances along with the others and enjoyed .loins It. but that is all In the past now. SU Meat 1-et tilaa. -Ther Is a Mrs. I'abl Kverton. who doe. not particularly relish my con tributing to the perpetual support of bookmakers and namhlers. Now I'm satisfied to let my earnings work- for tne. -I put my money In the rround. In real estate. It takes lonirer for It to grow, but It's surer and, believe me. It's safer." , Mr. Fverton did not deliver hlmseir of all 11:1s flow of chatter In one breath. ar be It from such! It came on lbs cafeteria plan, a word he.e. another there and occasionally a generous al tntt chapter. Ths poorest gambler of all Is ths stork speculator." came another alics of interview. -That gambler gives up more vitality and nerve energy to Ms winnings and losings than In any other game of chance. Pit Cited aa Eaaasple. "As an example, go to the stock pit and watch ths frensled hundreds with quivering fingers in miu-air. bidding tor stocks. Why. its snother Ucd lam: they look and act like maniacs. Oa ths other hand, take ths race course. Kvery man likes tbe ponies. I know I do. It's such a nice quiet gams of chance. With one glad shout "They're off.' you can settle down and enjoy the actual race, with scarcely'any more heard until the home stretch, when yon begin to shout for your horse to rome home. No loss of vitality or nerve force In that gamble, is there?" -Even at the gambling table I don't believe men use as much stored-up strength as In ths stock pit and often ths latter has ne bigger games. I'vs seen right here In the Northwest grest fortunes made and lost In one svenlng. a quiet game, too, often In almost si lence. It's ten yesrs ago since I be gan coming eut to the Pacific Coast and ths olden days were In almost all things out this way a game of chance. Ths towns were taking chances, pros pectors, folk coming from the East. everyboOjr. It was sot perhaps day ,........' - :: .-, J hi , V " ; :: . v 7 v; I j : Paal Kvertea. a....................'.... of frensled finance, as the term applies today, but then ss now the people, snd particularly In these cities building up on the Coast, were prone to go to the extreme to gain certain points, and an over-indulgence In speculation along all lines was a condition prevalent In the Northwest." Actor Praises Portland. Mr. Evertoa speaks In glowing trib ute of the great strides Portland has been making In the ten years he has been coming here and speaks especially of the great change In her theatrical enterprises. "Ten years ago Portland was not considered a very good place for first class attractions to patronise," he said frankly. When I said I would put It In blsck and white hs said be didn't care, for anybody else who played bers ten years ago would say the same. -But please put also 'In black and white.'" hs smiled, "that today Port land la regarded as one of the very best theatrical cities In the United States, I can say that your Helllg Theater Is ons of the handsomest In listen not alone the United States, but the world. You can have that last Uns set in capitals, too," hs affirmed earnestly. "A mlghtly delightful thing, too, sbout It." be continued. -Is that Mr. Helllg has not only gtven his personal attention to the comfort of the audit ors, but to the player, rarely an ob ject of consideration, behind ths ececsa," New Yeais Sale of Dresses Evening Gowns, Dancing Frocks, and the little, simple serge and office and everyday wear. $100.00 Gowns 50.00 $25.00 $ 75.00 Gowns $37.50 $20.00 $ 50.00 Gowns $25.00 $15.00 $ 30.00 Gowns $24.95 $12.50 Sale of Muslin Underwear 40c Corset Covers 15- 35c Drawers. ... .15 50c Corset Covers 19 '40c Drawers 19 75c Drawers . ..... . ... . .29t ... . . 3iJ 59? .. 89 89? Sample Coats and Suits Lot No. 1, $7.95 85 Suits and 40 Coats, all samples and no two alike. The biggest bargain any Portland (j7 AC store has ever shown $4 vO Sample Coats and Suits Lot No. 4, $20.00 In this lot is congregated im ported models, very fancy em broidered and braid trimmed. Sold regularly from $45 to $55. Choice The Store for Everybody and Everybody Welcome WORRELL'S SAMPLE CLOAKS and N. L Corner Sixth and Alder Streets Opposite Oregonian N. E. Corner Sixth and Alder Streets $20.00 Party Dresses, fancy wool for Gowns $18.45 Gowns $11.95 Gowns $ 8.95 Gowns $ 6.95 75c Combination Suits $1.00 Combination Suits $1.25 and $1.19 Combination Suits $1.50 Night Gowns 50 sample Tea Jackets, worth up to $2, at. . .39 Waist Sale Every style Waist that is produced; white, silk, all colors and kinds. Slightly soiled $1.00 Waists. .. ......... . .29 Slightly soiled $1.50 Waists. .. .-...:.i.J...:.,.:.i. . -39? Slightly soiled $2.00 Waists . .:. . .69 The Store for Everybody and Everybody Welcome mm SUITS NINE SIGN DRAFT Charter Plan Filed by Part of East Side Committee. ALL IS NOT APPROVED Provision Beta Forth That Lewfram ers Feel It Their Doty to Submit Work Six Hold Back Two Set. A'oiv With Council. Nine members of ths People's (East Bide) charter committee yesterday af fixed their signatures to the draft framed by them and sir others and filed It with City Auditor Barbur. They attached to the document an ex planatory note, saylnir. In effect, that they do not favor a few of ths provi sions Incorporated therein. The explanation reads thst. while ths members slRnlnr ths proposed charter do not favor all its provisions, they nevertheless feel that It is but their plain duty to the Council to file their work and thereby giv to the members ths result of their labors, for whatever purpose ths Council may wish to use It. Those slirntcg- ths document were: R. W. Montarue. IL O. Parsons. George Blsck A. O. Carpenter, D. V. Hart, A. E. Clark, T. M. Hurlburt. A. L. Bar- . m I ci n . s TK. aamA mam. our lou r . "l " " , bers signed ths preferential voting I grsiera I'ruviniuu, " ..... i . . . should be filed as a separate paper en tirely, to be so placed on- the ballot. This was to five the voters an oppor tunity to say whother they favor that plan. At the last refrular meeting of ths commiiico, fcww - to reach an understanding as to what they should do and the session ended unsatisfactorily. Ths members 'who signed the charter draft yesterday de cllnd that It was best that they IIIOUIU 1 1 tB mcir " ' mlj win av ..." . tee ( the City Council this sfternoon lor consideration, wnn me uihw.. C. B. 8. Wood "short charter" docu ments. This will rive ths special commit tee the work of ths two committees, out of which to compile a new draft, in case the members decide to proceed along thoKe lines. Those who declined to slfrn the pro posed charter, which it took months to frame, are Dr. Harry Lane. ex Mayor: A. D. Crtdse. who was also in terested in the C. E. S. Wood short charter: Dr. C. H. Chnpman. who was a member of the proposed commission charter submitted to the people more than two yesrs ago; W. C. Benbow. Henry B. McOinn and Isaac Bwetu Differences of opinion regarding vi tal points, such ss the election or ap pointment of officials by the commis sion, led to ths disagreement of the members and the subsequent chaotio situation now existing. For the pur pose of endesvorlng to harmonise these things, the Council authorised the appointment of a committee by the Mayor, and this committee will take up Its work this afternoon at X o'clock. elated with Mr. Btackhouse In meetings In Massachusetts ana otner iu Two meetings will be held, at 10 and 2 o'clock, January 18, at tho Whits Temple. . The object 1b to enlist ths efforts of men in church work. The two men ars touring the Coast. Boise, Spokane, Seattle, Tacoma, Port land, Medford, San Francisco and Los Angeles being on their itinerary. Mr. Stackhouse was born at Bloom field. New Brunswick, February, 1865. After uniting with a small Baptist Church at Saltsprlngs, he asked to be allowed to preach, and was give charge of two small churches for -a month, after which he was told hs could remain If he could obtain sup port. He was then 19 years old. Hs remained with the church for two years. Later he attended Morton aciq emy, at Wolfvllle, and Acadia Univer sity, where he was graduated In 12. In 1S5 he took charge of the First Baptist Church at Vancouver, B. G. and in 18sl. with the organisation of the British Columbia Church Extension Society, hs was made Its secretary, in addition to caring for his pastorate. The British Columbia Baptist conven tion succeeded the society, and ha be came the head of the convention. In 1901 he began work as superintendent of home missions In Manitoba and ths Northwest. As general secretary of the laymen's movement, hs is still re quired to traverse the entire Canadian territory. ZOO TO GO TO ROSS ISLAND Resident Near City Park Declare Noise Is Xoisance. If the olty purchases Ross Island at the coming special election. It Is likely that ths soo at the City Park will be moved to the Island next summer. At a meeting yestsrday of ths Park Board the plan of placing the animals In pens and corrals was considered and mem bers of the board considered ths Island the proper place for a modern soo. Ths animals at the City Park ars said to bs a nuisance because of ths noise they make in the early morning. It has been suggested that they be removed to Fulton Park, in the south ern part of the city. The many resi dents of this section probably would oppose the zoo. Ross Island Is a con siderable distanoe from any residences, and It is thought furnishes an excel lent place for the animals. Cpon recommendstion of City Attor ney Grant the Park Board yesterday denied the request of residents about Governor's Park to extend Davenport atreet through ths park. The tract was given to the city by ths late Gov ernor Pennoyer. and City Attorney Grant says no part an bs nsed for a roadway. RENT A NEW PIANO. New pianos to rent at 14 per month; rent allowed on purchase. The Wiley B. Allen Co., cor. 7th and Morrison. Coal $ up. Relief sen Fuel Co. MINISTERS T0BE GUESTS White Temple Dinner to Honor Two Big Baptist Clergymen. Rev. W. T. Stackhouse and Rev. F. W. Pade'.ford will be the speakers at a dinner to be served at the White Temple, at 7 P. M.. January 17. In their honor. Mr. Stackhouse is genersl sec retary of the Baptist Laymen's Move ment, while Mr. Padelford Is state sec retary of the Massachusetts State Bap tist CooveaUan, U ba feeaa THREE VERDICTS Emphatic Harmonious Judgments on a Matter That May Concern You. "I find Oiomulslon better than another emulsion I have taken and I shall use Ozomulslon hereafter." "Our Httls boy could not digest other emulsions, but Ozomulslon has wonder, fully Improved him." "I bad been taking another emulsion sines I had Pneumonia, but I was so much pleased with the agreeable taeta and the good effect of Ozomulslon that hereafter I shall take Ozomulslon only." Extracts from three letters la one mall. v Other malls bring similar testimony to the superiority of Ozomulslon in taste snd curative effect over all other emulsions cJr Cod Liver Oil now before the public. Ka semmejit U MSsdw WWmiS . boles of the case flrjPlsrfPf We Jo xwxvyw' y k- ut the case is oter Mil - ' ' ' J f E-'r T. M JL ft W rewer Knows tnis even the nand- to lceef) out more. We fmt rown Bottles. not soil when .1 1 . i even thougn It he for months. It is only natural that Schlitz in Brown Bottles should he the home ; heer. The Brown Bottle protects Schlitz fmrlty from the brewery to your glass. ' See that crown or cori is branded "SchntzSH Phones135 Henry Fleckenstein & Co. 204-206 Second St Portland, Ore. he oeer TimtMade fyU.mu!iee famous