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About Morning Oregonian. (Portland, Or.) 1861-1937 | View This Issue
VOL. LI I NO- -16,248. , . .
MONEY GANNOT BE
Financier Holds Mon
YAST POWER IS DISCLAIMED
Abuse, Says Banker, Means
Loss, Without Future Hope.
CREDITS ARE "PERSONAL"
IxMiti to Wrong Man Would Bo Can
celled. Even Though It Wag Se
cured by United States
Bonds, Is Declaration.
EPIGRAMS DRAWN FROM J.
FIKKPONT MORGAN" BY
A.l the money in Chrlstendon mud
all the banks In Christendom could
not form a monopoly that would con-
TVhat I call money i ths basis of
If he had the credit and I had the
money (referrin- to a hypothetical
man In control of the credit of the
country), his customer would be
When a man baa vast cower and
abuses it. be loses it and he never
gets it back again, either.
The Question of control, in this
country, at least, is personal: that is,
I would rather have competition.
You mut remember that not all
securities sold and Issued are always
cood. and when there is a responsible
fiscal agent, there Is moral strength
American stockholders take little
interest in the management of their
corporations. That is why we organ-
lie a voting- trust la order to protect
There is no place where mergers
and consolidations have taken place
to the extent they have in Great
"Ton believe In buying up the.
competing line?" asked sir. Cnter
myer. "Why, sure," said Mr. Mor
gan. My Idea is that It (the stock of
the ialable company) should be
turned over to the policy-holders.
WASHINGTON. Dec. 19. J. Pierpont
Morgan today told the money trust in
vestigating committee of the House
that "all the money in . Christendom
and that all the banks In Christendom"
rould not form a monopoly that would
control money. Mr. Morgan disclaimed
any knowledge that be wielded a vast
power In modern finance, and declared
emphatically that he sought no such
For nearly five hours the chief wit
ness called by the committee in its in
vestigation of the intricacies of mod
era finance stood a running fire of
questions that covered every phase of
financial operation. In some respects
it was one of the most remarkable
hearings in the hails of Congress in
years, with Mr. Morgan as the era
bodlment of financial operations on a
colossal scale and the committee's
counsel. Samuel t'ntermyer. the repre
sentattve of the element that seeks to
probe to the innermost recesse the
conditions under which these vast fi
nanclal operations are conducted.
Mower Monopoly Declared Impossible.
Mr. Morgan gave his views on com
petition, combination, co-operation and
control in industry and finance, par
ticularly the latter. He declared he
did not "mind competition." but that
he preferred "combination" in his op
erations. He was emphatic in his dec
laration that "there is no way one man
can get a monopoly of money."
Throughout the long examination to
which Mr. Morgan submitted, with an
evident willingness to answer, there
was not a moment when interest
lagged. Short, sharp questions and
answers came with striking rapidity.
Mr. Morgan gave a ready response to
questions, although there was often a
battle of wits as to the meaning and
effect of various financial conditions
Banker Likes f'o-0 Deration."
The question of competition and
combination brought about a lively
exchange between the financier and
Mr. Vntermyer, the lawyer opening the
tilt with the suggestion that Mr. Mor
gan was opposed to competition. The
witness denied this, but said he
favored "co-operation," adding that he
"likecfa a little competition."
He disagreed with the views of Mr.
Vntermyer on the question of inter-1
locking directorates. Without actual
control, Mr. Morgan said there was no
control, although some directors might
be common' to several corporations.
"Ton and Mr. Baker (George F.
Baker) dominate the anthracite rail
road situation, do you not?" asked Mr.
"1 don't think we do," said Mr. Mor
gan. "At least if we do I do not know
"Your power in any direction U en
tlrely unconscious to you. is It not"
"It is. sir. if that Is the case." said
"You do not think you have any
power in any department of industry
in this country, do you?"
"Not the slightest."
"And you are not looking for any?
(Continued on Fage 2.)
TURKEYS PALL ON
OTHER FOWLS BKiUER; GOR
IER DRIG OS MARKET.
San Francisco Dealers Puzletl by 18
to 20-Cent Quotation, With No
Sign of Advance.
SAN" FRANCISCO, Dec 19. (Special.)
San Franciscans appear to have given
..iinr turke. on Christmas, re
serving one day only. Thanksgiving.
for the National bird, and tan
Cisco poultry dealers are puxzled.
There has been no advance In the
price of turkeys at wholesale and the
market does not appear to show any
signs of stiffening. Prices run from
IS to 10 cents at wholesale, and there
are said to be ample stocks in storage.
With what will come between now and
Christmas, turkeys promise to be al
most a drug on the market.
On the other hand. It appears that
San Franciscans will celebrate Christ
mas with a chicken dinner orurn to
some other sort of poultry. All of the
grades of chickens are up about $1 a
dozen, with indications of a Jump In
prices. Geese and ducks are up; bo Is
everything except turkeys.
FRUIT EXCHANGE FAVORS
Portland Concern Approves Co-operative
Selling Agency Plan.
Efforts on the part of fruitgrowers
who were represented at the meeting
held in Spokane early this week to form
a co-operative selling agency, will meet
with the hearty approval and encour
agement of the officers and members
of the Northwestern Fruit Exchange in
"The lndustrv is so great." said TV.
F. r.wn manasrer of the Northwestern
Exchange, last night, "that there Is
plenty of room in this territory forian
efficient selling organization in addi
tion to our own. Wo are glad. Indeed,
that the growers have been 'able to
get together as is indicated by the re
ports of the Spokane meeting.
Th business of marketing the enor
mous fruit output of the Northwest
uccessfullr demands all the effort and
all the Intelligence that the North-
.: can command. So It is but natural
that we welcome any movement that
will aid the Industry.
'Wo have worked for the last three
year's along certain definite lines and
have spent more than $125,000 in per
fecting our selling agency. There Is no
reason why the new organization can
not accomplish similar results."
SOAP HURTS CONSCIENCE
Patron Makes) Restitution to Hotel
After Two Years.
Kvldently conscience stricken for the
supposed theft of a small Individual
cake of soap the following letter was
received yesterday by the Perkins
Hotel, dated from Diamonds, Wash.: "I
am returning, under separate cover, a
bit of your soap which I took from one
of the rooms two years ago. Since the
Lord pardoned me I have known and
felt that I should return this. I thank
him I did not use it, but that I am
able to' restore that which I took as
souvenir. As you forgive I pray
that he shall also be merciful and grant
pardon to you all." It was signed "A
sinner saved by God."
By the same mail was received a
small individual cake of soap such as
has not been in use at the hotel for
fully two years, and which Is intended
for the patrons of the hotel to take
with them if they so desire. The little
piece of soap shows no signs of use and
apparently had been careiully pre
MRS. G. F.RUSSELL COMING
Body of Mrs. Sylvester Pennoyer
Being Brought to Portland.
NEW YORK. Dec. 19. (Special.)
Mr. and Mrs. George F. Russell, of
Portland, registered at the Hotel
Knickerbocker a few days ago on their
way to Tortland with the body of Mrs.
Sylvester Pennoyer, mother of Mrs.
Russell, who died in Paris December
2. Mr. Russell met his wife here when
she arrived on the La France, of tho
French line, Friday, and they will
leave for their home at once with the
body of Mrs. Pennoyer, which will be
buried in the family .burying plot in
Portland. Mrs. Russell will return to
Tarls in about two months to be with
her daughter, who is in school in that
Paul Wessinger, of Portland, is in
New York for a short business trip and
in staying at the Hotel Astor. Mr.
Wessinger will return to his home in
time for the Christmas holidays. '
Mr. and Mrs. G. Klnkaid Smith, of
Portland, were at the Hotel Astor for
a visit of several days last week
MATL0CKS T0 SEE BODY
Message From Former Engene Man
Says Desperado Not Joe Matlock.
EUGENE. Or, Dec. 19. (Special.)
Still maintaining that the desperado
dead at Santa Ana, .Cal., is not their
son and brother, ex-Mayor J. D. Mat
lock and his son, E. D. Matlock, left
tonight or Southern California to
make sure that they are correct. They
today telegraphed a ' description of
tatoo marks that Joseph Matlock bears,
but these were not found on the body
of the desperado.
E D. Matlock today gave out the
following telegram from E. E. lie
Clanahan. a former Eugene man. which
flatly contradicts the statement at
tributed to McClanahan in the day
"Have seen body here supposed to
be Joe Matlock, and in my opinion it
is not he."
REDUCED W TAFT
Rich Promoter Soon to
ESTATE ENHANCED IN VALUE
Federal Officials Decline to
Ask for Clemency.
BANKERS SIGN PETITION
Prisoner, Wlio Will Bo Free In Two
Months, Will Dive In Southern
California Three Years of
Iife Are 3Iystery.
WASHINGTON. Dec. 19. President
Taft today commuted to one year the
two and a half year sentence of Clar
ence D. Hillman, a wealthy real estate
dealer of Seattle, convicted of using
the mails to defraud. He has served
eight months of his sentence and paid
a fine and costs of $10,000. With al
lowances for good behavior, he will be
released in about two months.
SEATTLE, Dec. 19. The commuta
tion of Clarence Dayton Hillman's sen
tence by President Taft was Issued in
spite of the refusal of United States
District Attorney Beverly W. Coiner
and former District Attorney Elmer E.
Todd, who prosecuted Hillman, to rec
ommend his release. Other Federal offi
cials declined to intercede for Hillman.
Pardon Urged by Bankers.
Hillman's estate has been managed
by his brother since he entered prison,
and is said to have increased in value.
Upon Hillman's release in February,
he will make his home in Southern
California, it is said.
Clarence Dayton Hillman appeared in
Seattle in 1898 and began platting wild
land as additions to Seattle and sell
ing it as town lots. The growth of Se
attle was so- rapid that Hillman's
rosiest promises to purchasers were
fulfilled, apd his early additions are
now thickly settled portions of the
Wild Land Bought and Platted.
Hillman continued to buy wild land
and plat it, with varying results to
purchasers. In 1906 his operations at
tracted the attention of the postal au
thorities, and he was indicted for using
the malls to defraud, and was con
victed. The Supreme Court of the
United States granted him a new trial,
and the case was dropped.
He was arrested again August 26,
1910, charged with using the mails to
defraud. The fraud was alleged to have
been committed in the sale of wild
land some miles from Olympia, Wash.,
which he platted as Boston Harbor,
and equally unimproved land some
miles from Everett, Wash., which he
platted as Birmingham. His advertls
Mil I lllll'P
(Concluded on Fsga eluding New York. (Concluded on Pane ...)
, , ..1 SSlltlT------
FATHER, HE READS OF THE MONEY TRUST t
" svrtaE rHBY
(i 0 HA'UE Por$pMETHNS) t
! i ) V IN THE PAPER .HB 7
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In its pictures, no less than in
its text, The Oregonian Annual,
to be published January 1, will
be eloquent of the advancement
of Oregon. Elustrations are even
more convincing than words in
telliog such a story as the An
nual contains a story of the
phenomenal progress of a great
city, of the development of a
wonderful state, of the exten
sion of transportation facilities
that serve city and country alike
and mako for the prosperity of
both. In its illustrative fea
tures the Annual will be remark
ably complete and attractive.
One large section will be made
up exclusively of Portland pic
tures. It will include full-page
and quarter-page views of the
busiest streets, with their lofty
buildings, most of which have
been erected in the last five
years. There will be five large
panoramic views of the business
district, and pages devoted to
new business blocks, warehouses
and residences, to clubs,
churches,, schools and public
Other parts of the Annual will
contain illustrations of shipping,
of the Columbia River jetty
work, of the building of new
electric railroads and of other
similar activities. There will be
numerous industrial scenes, in
cluding dairying, livestock,
grain, fruit, lumber, poultry and
Orders are now being received
for the Annual. The price is 5
cents. Postage in the United
States and possessions, Canada
and Mexico, 5 cents. Foreign
postage, 10 cents.
STUDENT SMOKERS TARGET
Spokane Men Open Crusade Against
Youthful Tobacco Users.
SPOKANE, Wash., Dec. 19. (Special.)
To put a stop to the use of tobacco
by boys in Spokane, and particularly by
high school boys, which they say has
reached the proportions of an alarm
ing evil, business and professional men
of the Vincent Methodist Church will
organize themselves into a volunteer
probation officers' corps.
Chief Doust has agreed to furnish
each one of the volunteers a special
officer's star carrying with it full
probation officer's power, and to second
their-efforts to the best -of bis ability.
The volunteers will also have the
advice and assistance of Chief Proba
tion Officer Winans.
State Senator Phipps, Arthur B. Lee
and J. T. Burcham, three well-known
attorneys, are prominent in the move
ment. CONGRATULATIONS POUR IN
New York Hears of Warrenton's
WARRENTON, "or". Dec 19. (Spe
cial.) Miss Clara Munson, yesterday
elected Mayor, passed most of today In
Astoria, where she was the recipient
of hundreds of congratulations from
Telegrams conveying congratulations
are coming in from various states, in
cluding New York.
Series of Burglaries
PLANS ARE LAID WITH CARE
Boldness Is Expected to Re
NO LOOT REPORTED SOLD
Woman Treated Gruffly on One Oc
casion but Bequest of Mr. Wood
worth to Leave Aged Mother
Undisturbed Is Granted.
RKCORDED VICTIMS OF "TT.RKK
O'CLOCK BIRGLARS" WHO DIS
TURB SLEETKRS NIGHTLY.
December 12 B. H. Allen 300
December 13 Miss Hazel Kreillch.
793 East Eleventh street.
December 14 B. L. Woodworth,
700 Hancock street.
December 17 Miss Francis Hills,
267 East Thirty-first street.
December 10 J. G. Callison. 631
East Twelfth street North.
Attempts at Burglary.
S. P. Lockwood, 633 Broadway,
telephone wires cut.
To be awakened in the middle of the
night by the glare of a pocket flash
lamp in their eyes, and hear two
debonair burglars command them to
put their heads beneath the bedclothes
and not make outcry, to ask that a
t-onm where a. sick woman. is sleeping
be not disturbed and have the request
treated with courtesy, to lie still wnue
the robbers spread a tablecloth and
nlare out all the eatables in the nouse,
dining sumptuously, rolling cigarettes
and reading newspapers, and while
the robbers ransack the hous. and
finaiiv HlsnnDear. has been the experi
ence of the families of five house
holders on the East Side within
the nast week. And, although, in
all cases reported, the burglars
tnnlr their time and apparently
feared nothing, the two men wanted
are still at large.
The "3 o'clock burglars" as the po
n have dubbed the two, have made
little financial gains from the series
of bold robberies which is baffling po
lice officialdom. Less than $75 in real
money has been secured in the five
successful burglaries reported and the
greatest part of the loot, the Jewelry
taken 'from the houses, has totalled
about $350 In value.
Meal la Enjoyed.
While 50 policemen on East Side
beats stayed on fixed posts at their
nntrnl boxes early yesterday morning,
thinking of the Christmas turkey
SANE NEW YEAR'S
EVE PLAN SHAPED
STREET COXOERT WITH 1000
VOICES AXD BAND IS AIM. .
Midnight Open-Alr Festival in
Downtown Section Proposed to
Usher In 1013 In Portland.
A plan took shape yesterday among
citizens and church workers interest
ed in what they call a sane New Hear,
to usher out the old year and ring In
the new, by a concert participated In
by a chorus of some 1000 voices, assist
ed by a brass band of 30 pieces, late on
the night of December SI, on the
streets of Portland. The committee, at
the head of which is William Mansell
Wilder, director of . the Orpheus Male
Chorus, will complete its organization
at a meeting to be held Monday at the
Commercial Club rooms. It Is thought
that the cost of the proposed open-iair
concert will be about $700, and that
yiis sum can be raised by public sub
Last February a plan was on foot to
usher in New Year by a street concert.
participated in" by a large chorus, brass
band accompaniment, and solos by an
artiste of international reputation, at
a cost of $7000. But when Carl R. Gray,
the railroad man, promoter of the plan,
left the city for St. Paul, Minn., the
project wns dropped. A more modest
plan is now proposed.
The only objection advanced against
the open-air concert idea Is the un
certainty of the weather on December
31. The average maximum tempera
ture in this city, December 31, for the
last 30 years, is 44 degrees, and the
average minimum temperature, 35 de
grees. The rainfall, December 31, for
the last 11 years In this city, counting
from the year 1900, is: .00, .01. 1.08,
.00, .07, .02, .01, .69, .00, .00, .01, .00. By
these figures it will be seen that no
rain fell December 31, 1900, 1903, 1908,
1909 and 1911.
TRACK GAMBLING TARGET
Idaho Legislators Open Crusade on
Race Course Evils.
SPOKANE, Wash., Dec. 19. (Spe
cial.) There will be no more gambling
at racetracks in the State of Idaho, ac
cording tQ William .1. Herwig, super
intendent of tho Idaho Anti-Saloon
League, who is making a complete
tour of the state In the interests of
legislation for the betterment of pub
"Seventeen out of the 24 Senators
who have been elected to, serve at the
next session of the Legislature ar op
posed to racetrack gambling and will
not only vote for the abolishment of
the evils of the racetrack, but will also
take an active Interest in the light,'
says Mr. Herwig. "In the House of
Representatives the percentage is
equally as strong. The entire make
up of the Legislature is such that there
is no question but that pool selling and
horcerace gambling in Idaho will be
put out of business In the coming ses
sion of the Legislature and thus put
Idaho in lino with every other state
that has outlawed this form of gam
bling. I And a strong sentiment in
the City of Coeur d'Alene, more espe
daily among the merchants, against
"At a meeting Monday night the
sentiment of the Coeur d'Aleno mer
chants, including practically every
business man in the city, was unani
mously against pool selling."
FILIPINO LIBERTY OPPOSED
Bishop O'Dea Says Church Property
in Islands Wonld Be in Jeopardy.
OREGONIAN NEWS BUREAU, Wash
ington, Dec. 19. The Washington del
egation in Congress has received a let
ter from Edward J. O'Dea, bishop of
Seattle, protesting against the passage
of a bill introduced by Representative
Jones, of Virginia, granting indepen
dence to tho Philippines. Bishop
"First, it Is the firm conviction of
those whom I have consulted that the
granting of Independence now or at an
early date will produce a series of rev
olutions in the Islands not unlike the
commotions which have taken place
and are now taking place at frequent
intervals in San Domingo and other
"Secondly, ' Independence would be a
serious blow to religion in the Islands
and would place all church properly in
the Islands in dire Jeopardy."
HEN LAYSLARGE EGGS
Pullet's Productions 6 3-4 Inches
Dong, 6 1-1 Inches Wide.
Two eggs each 6- inches in length
and 6hi in breadth, weighing ZM and
3'i ounces, were laid by a five months
old pullet. The pullet Is owned by
Mrs. M. Viereck, of 1286 East Twelfth
street North, who has learned what
poultry lore she knows from her own
"They beat the poultry show, don't
they," said Mrs. Viereck yesterday.
"These, are not prize hens; Just ordi
nary specimens of the Rhode Island
Red. My husband refused $100 for a
rooster we have. I refused an offer of
$1 apiece for these two eggs."
BRIDE IS 88, HUSBAND 66
Monroe Woman Who Has Been Mar
ried Several Times, lias Farm.
MONROE, Or., Dec. 19. (Special.)
Armsted F. Dennis, aged 66, of Junc
tion City, Or.,' and Eliza A. Saunders,
88, were married December 8 at the
home of the bride, three miles east of
Mrs. Dennis owns a farm of 500
acres and has cash in bank. She has
been married several times.
PRICE FIVE CENTS.
Puget Sound Branch
Merged With Parent.
PACT MADE WITH O.-W.R.&N.
Daily Passenger Service Into
City Begins June 1.
THROUGH ROUTE IS PLAN
Consolidation, While Taking Ident
ity From Weslern Subsidiary, Will
Not Disturb Coast Operating
Headquarters, Says Report.
Consolidation of the Chicago, Mil
waukee & Puget Sound Railway with
the Chicago, Milwaukee & St. Paul
Railway, its parent road, the completo
loss by the Puget Sound line of its
identity and immediate arrangements
for operating through trains between
Portland and St. Paul over the O.-W.
R. & N. and Milwaukee tracks will be
effected with the beginning of 4ho
Although an agreement already has
been made with the Harrlman offi
cials for running tho Milwaukee trains
into Portland over tho O.-W. R. & N.
Company's tracks, this service prob
ably will not be inaugurated until
June 1, when the new line between
Spokane and Marengo, Wash., is com
pleted. The road between Spokane
and Marengo will be used jointly
by the Harrlman lino and the
Milwaukee. At Marengo this road
connects with tho Milwaukee's main
east and west line across the continent
and westbound traffic at that point
will be diverted either to Puget Sound
or to Portland.
Dally Passenger Train Assured.
The Milkaukee now is extending Its
tracks southward along the Columbia
Rlvor from. Beverly... on . its main line.
toward the Junction of the Yakima
River. ' It is believed that eventually
this road will be extended to the Junc
tion with tho Snake River, where it
will have physical connection with tho
O.-W. R. & N. Company's main line.
As the Milwaukee already has options
on some desirable pieces ot terminal
property in Portland an agreement
with the Harrlman system for oper
ating between the Snake River Junc
tion and Portland is all that will bo
required to give it entrance into the
Meanwhile, both freight and passen
ger business will be conducted over
the O.-W. R. & N. Company's tracks
via Marengo and Spokane. The Mil
waukee now operates through freight
service over the Harrlman lines to
Plummer, Idaho, where connection Is
made with its present main line.
One through passenger train will be
operated each way between Portland,
and St Paul every day. It will be a
limited service with first-class equip
ment. Tho trains will not operate be
yond St. Paul, as the Milwaukee de
Blres to work with the various other
lines between St Paul and Chicago for
In confirmation of the plan to con
solidate the two Milwaukee roads is
the following message received hero
yesterday by E. K. Garrison, district
freight and passenger agent for tho
Milwaukee in Portland:
Coast Headquarters Continue.
"The railway of the Chicago, Mil
waukee & Puget Sound Railway Com
pany extending from the connection
with the railway of the Chlcagt Mil
waukee .& St Paul Railway Company
at Mobrldge, S. p.. near the east bank
of the Missouri River, to Seattle and
Tacoma, was constructed as an extend
sion of the Chicago, Mllwaukeo & St.
Paul Railway Company, and tho work
of constructing tho Puget Sound exten
sion has been substantially completed
and as the railways of both companies
can, in the interest of all concerned,
be more advantageously operated as
one system the lines of the Chicago,
Milwaukee & Puget Sound Railway
Company will, on and after January 1,
1913, be operated as a part ot the sys
tem of the Chicago, Milwaukee & St
Paul. The headquarters of the lines
west of the Missouri River will be con
tinued on the Coast and the represen
tation there will be as full and com
plete as at present"
The telegram was signed II. R. Wil
liams, presid'ent of the Puget Sound
line, and submitted through George
W. Hibbard, general passenger agent
Extensions Cost S 100,000,000.
This Indicates that the construction
work ot the Milwaukee system, except
ing the building of branch roads, la
complete, and bears out the theory
that, entrance to Portland will bo
gained through a traffic and operating
agreement with the O.-W. R. & N.
The Milwaukee extension from Mo
brldge to the Sound was built at a cost
of $100,000,000 and completed about
two years ago. It was constructed in
record time, the work requiring iess
than three years, and at a cost below
the original estimate. The heaviest
expenditures were made during the
panic of 1907, the financial stringency
not having any effect upon its activity.
Portland always has been considered
as one of the Western termini and re
cent developments indicate that, the
(Concluded on Page 5.)