O fff VOL. LI I NO- -16,248. , . . MONEY GANNOT BE GQRNERED-M0H6M1 Financier Holds Mon opoly Impossible. 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 MR. OTERMTER. A.l the money in Chrlstendon mud all the banks In Christendom could not form a monopoly that would con- trol money. TVhat I call money i ths basis of banking. 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 badl off. 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, in money. 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 behind them. American stockholders take little interest in the management of their corporations. That is why we organ- lie a voting- trust la order to protect the company. There is no place where mergers and consolidations have taken place to the extent they have in Great Britain. "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 power. 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 and operations." 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. Vntermyer. "1 don't think we do," said Mr. Mor gan. "At least if we do I do not know it" "Your power in any direction U en tlrely unconscious to you. is It not" "It is. sir. if that Is the case." said Mr. Morgan. "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 PUBLIC APPETITE 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 Tortland. "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 served. 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 city. 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 press dispatches. "Have seen body here supposed to be Joe Matlock, and in my opinion it is not he." T HMO I REDUCED W TAFT Rich Promoter Soon to Leave Prison. 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 $10,000. With al lowances for good behavior, he will be released in about two months. SEATTLE, Dec. 19. The commuta tion of Clarence Dayton Hillman's sen tence by President Taft was Issued in spite of the refusal of United States District Attorney Beverly W. Coiner and former District Attorney Elmer E. Todd, who prosecuted Hillman, to rec ommend his release. Other Federal offi cials declined to intercede for Hillman. Pardon Urged by Bankers. Hillman's estate has been managed by his brother since he entered prison, and is said to have increased in value. Upon Hillman's release in February, he will make his home in Southern California, it is said. Clarence Dayton Hillman appeared in Seattle in 1898 and began platting wild land as additions to Seattle and sell ing it as town lots. The growth of Se attle was so- rapid that Hillman's rosiest promises to purchasers were fulfilled, apd his early additions are now thickly settled portions of the city. Wild Land Bought and Platted. Hillman continued to buy wild land and plat it, with varying results to purchasers. In 1906 his operations at tracted the attention of the postal au thorities, and he was indicted for using the malls to defraud, and was con victed. The Supreme Court of the United States granted him a new trial, and the case was dropped. He was arrested again August 26, 1910, charged with using the mails to defraud. The fraud was alleged to have been committed in the sale of wild land some miles from Olympia, Wash., which he platted as Boston Harbor, and equally unimproved land some miles from Everett, Wash., which he platted as Birmingham. His advertls Mil I lllll'P El niLL (Concluded on Fsga eluding New York. (Concluded on Pane ...) , , ..1 SSlltlT------ FATHER, HE READS OF THE MONEY TRUST t " svrtaE rHBY (i 0 HA'UE Por$pMETHNS) t ! i ) V IN THE PAPER .HB 7 Sp-yyaos- j L . T7T1T7"rTJ m? 9rt 1012. . ; i ANNUAL PICTORIAL NtTMBER. 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 buildings. 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 mining. 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 Woman Mayor-Elect. 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 friends. Telegrams conveying congratulations are coming in from various states, in cluding New York. POLICE OH GUARD AS ROBBERS FEAST Series of Burglaries Is Puzzle. PLANS ARE LAID WITH CARE Boldness Is Expected to Re veal Identity. 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 Glenn avenue. 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 scription. 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 lic morals. "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 horserace gambling. "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 O'Dea! says: "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 Southern states. "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 study. "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 Monroe. Mrs. Dennis owns a farm of 500 acres and has cash in bank. She has been married several times. PRICE FIVE CENTS. L TOE 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 year. 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 city. 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 this business. 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. Company. 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.) WAUKEE TRAINS PORTLAND