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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Feb. 28, 1913)
TIIE MORNING OREGONIAN. FRIDAY. FEBRUARY 23, 1913. r 1 1 -r- ..e t i jn REVISION OF BANK UWS 15 ADVISED Compromise Reached by Dem ocratic Members of Money Trust Committee. MORGAN DENIAL RECEIVED Banking House Denounces as Abhor rent and Harmful Any Belief That Individuals Have Power to Create Panics. WASHINGTON1. Feb. 27. The final report of the House money trust com mittee on the concentration of money and credits In the United States form ally was agreed upon tonight at an executive session of the commit fee. The report will be submitted to the House late tomorrow. The seven Demo crats on the committee will sign the report and the tour Republicans will submit brief minority viewa on sev eral points Involved. The full committee, with Samuel Untermyer. its counsel, concluded its consideration of the report at a spirited ression. The original report as framed by Mr. Untermyer, was amended In sev eral particulars, and the final draft was the result of numerous com promises and concessions. Bank Law Revlnioa Advised. The report deals with the question of regulation of stock exchanges and clearing-houses and recommends a re vision of the laws relating to National banks. Two bills embracing the rem edial legislation recommended by the comraitteu-wtll accompany the report. The committee received at Us session today a long letter from J. P. Morgan & Co. denying the existence of a money trust." The letter was sent by invitation of the committee, but Chairman Pujo said it was too late. The Invitation was extended to Janu ary 27. and the committee has been at work on its report for a month. The letter expressed regret that "a belief so incredible, so abhorrent and so harmful to the country" as the be lief In the existence of a money trust should have found lodgment anywhere. Large Interests Suffer, Two. , The letter further said that the In dividuals "to whom is attributed .the power to create panics" were the ones to suffer more by the shrinkage in values of securities during the 1907 panic. To support the contention that a control of money and credits existed, the letter said the committee had con sidered tables of so-called Interlock ing directorates from which exceed ingly mistaken inferences have been publicly drawn." The letter said that these directors represented only one quarter of the boards on which they served. -Perhaps the greatest harm." the letter continued. "In the presentation referred to lay in the further unwar ranted Inference to which has been given wide publicity that the vast sum of J-'i.OOO. 000.000 was In cash, or liquid form, subject to the selfish nse or abuse of Individuals. Such an Idea ex cites the public mind to demand the correction of a fancied situation, which in our minds docs not and cannot exist." Hey ft Attacked as "Bank." Samuel Untermyer'a retention as counsel for the committee came in for sharp condemnation on the floor of the House in a debate In which the cost of other congressional investiga tions also was brought In. Representative Moore, of Pennsyl vania, denounced the entire scheme of Democratic Investigation as "bunk, pure and simple.". He attacked the employment of Louis D. Brandels as counsel for the 8 hoe Trust Investigat ing committee and also the employment of Untermyer. Representative Fitzgerald, of New Tork. defended Mr. Untermyer, declar ing that his examination of witnesses before the money trust committee had been conducted with deference and good results. EXPERT PAID IN STOCK Geologist Gets 500, 000- Shares for "Services" in Hawthorne Mine. NEW TORK. Feb. 27. Expert geo logical examination, but no money be yond expenses, is what Dr. William J. Morton gave in return for 500.000 fhares of stock on the Klk Lake Mine, one of the Hawthorne group of Canad ian ore properties. Dr. Morton Ho testified today under cross examina tion In the trial of himself and Julian Hawthorne. Josiah Qutncy and Albert B. Freeman for alleged fraudulent use of the mails in promoting their mines. "I consider my examination of the mines wonth something." said Dr. Morton. "Did you ever make a report to any one after your expert examination." "No." replied the witness after hesi tation. It. Morton was questioned about In dications of silver at another Haw thorne property, the Tetmagaml mine. Never at any time was as much as 30 ounces of silver shipped from this mine, the witness conceded. sentiment in the House and Senate toward what has been interpreted s "Presidential enoroachment" upon the freedom of action of Congress. Some Democratic leaders of the Senate said today they believed Mr. Wilson would find it Impossible to leave his executive duties and visit the Capi tol from day to day and that be would not find It so easy to confer over the progress of legislation at the Capitol as at the White House. Some Demo crats expressed the opinion that such visits of a President might not be re ceived with favor If he came to take a hand in shaping legislation. Tlllmaa'a Approval Conditional. "Much will depend on what he comes for." said Senator Tillman. "If he comes to advise with us we shall be glad to have him; if he comes to dictate to us. as I do not believe he would, we should not want him here. When he has an opportunity to study conditions at a closer range, I think he will change his ro.nd about coming." Senators Fletcher, Democrat, and Burton, Republican, spoke approvingly of the plan. "We shall be glad to have him: it will give us an opportunity to get acquaint ed.'' said Mr. Burton. "It is a good thing to do. If the President can spare the time. To have the President in his room at the Capi tol would greatly facilitate business," said Senator Fletcher. MONOPOLY IS CHARGED GOVERNMENT BEGINS ACTION AGAINST UNION PACIFIC. Published Tariff to Northwest Said to Exclude Northern Pacific, Over Shorter Route. WASHINGTON. Feb. 17. The ITnlted States today began an action before the Interstate Commerce Commission to prevent what is oalled an, attempt by the Union Pacific Railway Company to monopolise all the trafTIo bound for the Paciiic Northwest from points In the Middle West and Great Lakes points. The Government alleges in Its peti tion that the Union Pacific on Decem ber 16. 1911, published a tariff covering through shipments from points on the Mississippi and Missouri rivers and the Great Lakes to points on the Oregon c i . t tn. t-Via ratoft nrovlded. the OI1UJ k i.ll - mr ' .petition alleges, were not applicable unless sntpmenis wer. iumr vc the Union Paclflo at Its Eastern termi nals at Kansas City. Mo.; Council Bluffs. la.; Leavenworth, Km.; Oma ha, Fremont or Norfolk, Neb. It is the contention of the Govern ment that this provision in the tariff prevents the shipment of freight from Mississippi and Missouri River and Great Lakes points over the Northern Pacific Railway, which, it Is contended, is a shorter route. The Oregon Short Line Is declared to be a Union Pacifio property and the latter road, through its tariffs, prevents the former from promulgating through rates over other lines from points men tioned In the petition to points on the Oregon Short Line. LEWIS FORCES TRY COOP SECOND- ROLXjCAlTj TAKES LEG ISLATORS BY SURPRISE. FLAG BILL PASSES SENATE Penalty Provided for Placing Any Mark oil National Emblem. WASHINGTON. Feb. 2f . The Senate passed today Senator Webb's bill to prevent the desecration of the Amer ican flag. The measure would prohibit the placing of any word, figure, mark, picture or design or advertisement of any nature upon any flag, standard or ensign of the United States and pro vides a fine of 500 or imprisonment for not more than six months for such desecration. The bill also would prohibit the mu tilation of the American flag. 2 INNOVATIONS CONSIDERED (Continued From First PagO found they have been my views for years." Maay Leaders Favor Flaa. Democratic leaders today discussed the reported plan of Mr. Wilson to make greater use of his office In the Capitol with reluctance, though many seemed to favor It. "If lresldent Wilson wishes to come to the Capitol and advise with Congress, he will be welcome," said Senator O'Gorman. "The closer the President and Con gress rsn get In the transaction of nubile business, the better It will be, said Senator Fomerene. of Ohio. His expression was concurred In by Senator Johnson, of Maine. The chief reason for the long es tablished precedent, keeping the I'resl dent In tho White House a mile awsy from the Capitol wns said to be a HOUSE AIID SENATE DO MASS OF IRK Vigorous Push Toward Com pletion Given Appropria tion Bills. DECKS BEING 'CLEANED UP' Friends of nilnoisan Claim Election, Though Quorum Is Not Re corded as Voting. SPRINGFIELD, HI... Feb. 27. Only developments of the future can deter mine, definitely the actual results of the efforts of Speaker McKinley and other Democrats to elect Colonel James Hamilton Lewis to the long term Senatorshlp after many members of the Illinois Legislature had left the Joint session under the impression that another ballot en tho Senatorshlp would not be taken today. The Impres sion was strong here tonight that the attempted coup had been a failure. After the seventh joint ballot had been taken, with no choice. Speaker McKinley ordered another roll call. Many of the Republicans and Progres sives who remained refused to vote, and Colonel Lewis received 68 out of the 77 votes cast on "the eighth joint hundred and three votes Is the constitutional majority of the Illinois Legislature, which always has been deemed essential to the election of a senator, ijul iiimo . .,K ............ a majority of those voting would be a constitutional majority. Republicans admit that the Senate Is the sole Judge of the qualifications of Its members, and that Colonel Lewis may make unlimited trouble should he decide to claim an election under the vote today. Colonel Lewis made a brief state ment tonight Indicating he had no de-.1-. Attomnt tn nhtnln a seat In the United States 6enate on the strength of today s proceedings, unless inquiry Dis closes that he is entitled to It under the statute. Hollis Is Four Votes Short. CONCORD, N. U Feb. 27. With 188 votes In the Legislature today Henry F. Hollis, Democrat, was still four votes away from an election as United States Senator. TAFT MERCIFUL TO FOUR Good Chnracter Weighs Heavily in Granting of Pardons. WASHINGTON, Feb. 17. The previ ous good cnaracter oi iour rcucii prisoners weighed heavily in their fa vor todav with president lait, wno commuted their sentences to expire at once. t Harold B. Faxon, sentenced Novem ber 15. 1910, to five years in Jail for the embeaxlement of $7300 of the funds of the Peoples National Bank of Rox bury. Mass, was ordered released. Under stress or sickness and iinan- ctal embarrassment at home, Oscar L. Miller, a railway mail clerk, embezzled $200 from the malls, for which he was sentenced at Cincinnati, October 9, last, to eight months in Jail and costs. It was his first offense and the Presi dent liberated him. To enable Wallace H. Hopkins to at tend his daughter's wedding the Presi dent terminated the prisoner's four years and three months' sentence. Im posed at Chicago, Decern oer u, i jvs for using the malls to defraud, a re duction of 21 days. Charles Fltzpatrlck, who pleaded guilty at Milwaukee of selling liquor to an Indian, was relieved or. nis -day Jail sentence, paying a fine of $100, Illness of Robber Recalls Murder EUGENE. Or.. Feb. 27. (Special.) The Oregonlan's special dispatch from SDokane regarding the illness of t rank James, recalls to mind that the widow and daughter of a victim of the James gang lives in Eugene. Mrs. William Westfall and her daughter. Mrs. P. J. Bartle, have lived In Eugene for the past eight years, coming from Oklahoma. Mr. Westfall. a conductor on the Rock Island route, was killed by the James gang during a hold-up near Winston. Mo., 31 years ago last Julv. The bandits mistook Mr. West fall's conductors' punch for a weapon and shot him. Two Measures Ready for President, While Confercuco Will Seek to Settle Differences on Naval, Civil and Building Hills. WASHINGTON, Feb. 27. House and Senate gave the annual appropriation bills a vigorous push today toward completion and made marked Inroads upon a mass of legislative matter that has crowded the calendars of Congress. The last appropriation measure, the general deficiency bill, passed the House early in the day, and that body has only conference reports to act upon from now until adjournment. After a session lasting until 4 A- M. today, the Senate reassembled at 10 o'clock and moved Tapldly through the agricultural and the sundry civil ap propriation measures. The legislative decks presented more of a "cleaned-up" appearance tonight than members of Congress had dared to hope for. -' Two Hills Go to President, Only two of the appropriation bills finally were prepared for the President up to an early hour tonight, as the ma jority of the measures rest in confer ence committees, which are rapidly ad Justing the differences between the two houses. Fights over the public buildings, sundry civil and naval bills may force a crush of work at the end of the session this week, a condition that will be aggravated If President Taft carries out his original purpose of vetoing the public buildings bill. The Senate had not acted on the naval or general deficiency bills today and a lively fight was expected over the battleship question when the naval bill comes up. It was expected, how ever, that it would be possible to com plete all of the bills, carrying the $1,000,000,000 or more of Federal appro priations before adjournment next Tuesday, unless the two bouses be come deadlocked in the conference committees over some of the matters in controversy. Deficiency Bill Not Opposed. The general deficiency appropriation bill, carrying $24,658,245. paBsed the House with practically no opposition. The measure supplies deficiencies In ail of the various appropriations for pre vious years, including $15,100,000 for pensions. An Item of $19,977 Is carried to provide for the Commerce Court for the remainder of the present fiscal year. The House agreed to the Senate amendment to the diplomatic and con sular appropriation bill, carrying ap proximately $4,000,000. Conferences were asked on the rivers and harbors, Indian and public building appropria tion bills. The Senate adopted an amendment to the sundry civil bill proposed by Sen ator Lea, of Tennessee, providing for a Government exhibit at the National Conservation Exposition to be held at Knoxvllle. Tenn in the Fall of this year. The amendment carries an ap propriation of $250,000 and provides for the exhibition of articles and materials as will illustrate the administrative functions of government and the edu cational value in connection with the development of natural resources. -Sundry Civil Bill Passed, The Senate late tonight passed the sundry civil bill, carrying in the neigh borhood of $120,000,000, an Increase of almost $7,000,000 over the House bill. The bill included $72,000 for payment to several citizens of El Paao. Texas, and Douglas, Ariz., for damages sustained as a result of the late Mexican revo lution. A similar bill formerly had passed the Senate appropriating $71, 000 for the same purpose. The Senate endorsed the provision adopted by the. House prohibiting the use of any of the $300,000 appropriated for the enforcement of the anti-trust law In prosecuting labor unions or farmers organizations. PERKINS WINS HIS POINT SENATE ALLOWS $1,500,000 FOR EXPOSITION, Root Says One Should Not Invite Guest to Dinner and Then Not Himself Attend. WASHINGTON. Feb. 27. The Senate adopted today an amendment to the sundry civil bill appropriating $1,500, 000 for a Government exhibit at the San Francisco exposition, to be held in 1915. The amendment was proposed by Senator Perkins,, of California, and was adopted without a roll call. Statements by Senator Williams, of Mississippi that San Francisco had given a pledge not to ask for an ap propriation for a Government ex hibit were denied by the California Senators and by members of the Sen ate committee on expositions. Senator Root said the United States had in vited all other nations to participate in the exposition, and that it was in honor bound to have its own exhibit there. "I do not think one should Invite a guest to dinner and then not attend the dinner," he said. Senator Lodge said he fully expected San Francisco would ask later for further concessions from the Govern ment. . "There seems to be a regular meth od of getting up expositions," ho said. "This is the first step, to ask for a Government exhibit. The next step Is to ask for a Government loan, to be repaid out of the gate receipts; the next Is to ask lor the removal of re strictions on that loan; the next is to ask relief from the necessity of pay ing back the loan, and the last is to ask for more money to help make up losses. The exposition amendment will have to be passed on by a conference com mittee, as It was not contained in the bill originally passed by the House. When You Remove Your Glasses do marks suow where the glasses have grippeu your nose? Shnr-on mountings, fitted by us, rest easily and hold firmly, leaving no ugly, disfiguring marks on the sides of the nose. In fact, those who have been un able to wear . ordinary eyeglasses find Shur-ons fitted by us a com fort and pleasure. Have your present lenses put into a Sbur-on mounting, fitted by us. Experience has given us the skill that gives you eyeglass comfort. THOMPSON Optical Institute. 209-10-11 Corbett Bid 2d Floor. Portland's Oldest and Largest Ex clusive Optical House. Hookmay was to receive $1000 this year, A. M. Thompson to receive $500, and that three other members were to be rewarded were the charges made. The- names of the legislators were brought out by the House, while Rep resentative Plvet, informer against Ness, was on the witness stand. Ness bad given htm these names and amounts, according to the witness. "RULE OF REASON" HIT COMMERCE COMMITTEE PEARS SUPREME COURT RULING. Senate Asked to Amend Sherman Law to Prevent Interpretation as to Extent of Restraint. WASHINGTON, Feb. 2T. The Su Dreme Court's so-called modification of the Sherman anti-trust law to in voke "the rule of reason" In decisions on restraints of trade, is attacked in vigorous terms in a report presented to the Senate by the Interstate Com merce Committee today, which points out the dangers of "uncontrolled and ungulded luaiclal discretion ana manes emphatic demand for amendments to the Sherman law to remove rrom toe courts the power to determine what are "reasonable restraints or iraae. The report is the result or the com mittee's long investigation Into the operation of the antl-truat law. The committee recommends new laws to de fine exactly what combinations are unlawful, so that both the business In terests and the courts will have a stan dard on which to proceed. It recom mends a Federal interstate corporation commission; with power to supervise corporations, pass on and approve con tracts and agreements and take over the work of dissolving illegal corpora tions, such as the Standard Oil Com pany . or the American Tobacco Com pany. Commenting upon tne aecision oi the Supreme Court In the Standard OH case. In which the "rule of reason, was called In. the report, written by Sena tor Cummins, says: "The committee has full confidence In the Integrity, intelligence and pa triotism of the Supreme Court of ' the United States, but It is unwilling to repose in that court, or any omer court, the vast and undefined powers which It must exercise in the adminis tration of the statutes under the rule which it has promulgated. It substi tutes the court in the pace of con gress, for whenever the rule is In voked, the court does not administer the law. but makes the law. If it continues In force, the Federal Courts will, so far as restraint of traae is con cerned, make a common law for the United States Just as the Engnsn courts have made a common law for Eng land." . ' WRIGHTS TO HAVE STATUE Spot Where Air Was i'iret Conquered to Be Memorial Park. , rnrTTitcTTfl n tsvh In com memoration of the achievements of n1 1 1 . owl t irull 1 n Wricht In science and aviation, the Wright memorial commission, oi Dayion, incorporates here today, plans to construct 'and maintain a memorial park in that city In which is to bo a figure in bronse on the spot where the firt flight In a heavler-than-air machine was made, in September, 1904, by tne wrigni Droin ers. The flight of the Wright brothers, more than eight years ago. was made In a complete circle. The spot on rhih ihs hrnnn fisrura will be nlaced will be designated as the place where "man first conquered tne air. LAW AFFECTS MEN ONLY Women Eliminated Prom Nebraska's "Pure Marriage" Bill - LINCOLN. Neb- Feb. 27. The pure marriage bill was passed by the State Senate this afternoon In Its amended form. As amended the bill makes It necessary only that men who contem plate becoming married shall present a certificate or physical neaitn. As drafted the bill required such certificates from both parties to a mar riage contract. Beautiful homes augment the natural beauty of Laurelhurst. The picture is one of many , places now built in this choice district. T"UY on the fringe and wait" was the advice of h John Jacob Astor regarding real estate mvest 9 ments. It's good advice under some circum stances, but "BUY IN THE MIDDLE WHERE YOU DON'T HAVE TO WATT" is better the latter applies with particular force to Laurelhurst. Reversing the advice of Astor, for convenience in discussion, we say, there is ABSOLUTELY NOTHING TO WAIT FOR IN LAURELHUKST it is NOT bound up in promises pictures predictions. Its value ia present now TODAY. Its transportation service is in actual op eration the improvements are complete. The homes now built retlect the utmost in individuality each one erected establishes a new standard of resi dential beauty. The Addition with Character Laurelhurst is NOT on the "fringe" -it is right m the heart of Portland s most desirable residential area it is but a few minutes by trolley from th citv but a moment over hard-surface streets by motor. It is completely sur rounded by property selling for considerably more. In short, as we have previously said, it is the lowest priced high-class property in Portland. One visit will convince you. Phone for the motor car to take you out at any time suiting your convenience, or if you prefer, take the Laurelhurst, Rose City Park, Beaumont, Montavilla or East Ankeny cars direct to the property. MEAD & MURPHY Sales Agents. Phone M 1503, A 1515. 270 Stark St. Delahunty & Clements Tract Agents-East 39th and Glisan Phone Tabor 3433. BAD FAITH IS CHARGED DARROW SATS rKOSJStuiun VIOLATED HIS PIEDGE. Lawyer Declares Agreement Was Made to Drop Whole Affair on Plea of McNamaras. t k-Knvr.v.a 'Feb. 27. Clarence S. Darrow, testifying In his own behalf In his trial for alleged jury bribery to day, charged District Attorney Fred ericks with a breach of faith in brins- lnp about his prosecution. The Chicago lawyer, who was chief . t .VtA ft,'nn1flril(L dwelt at lenpth in his examination today on the knox hats spring 1913 knox spring styles now on sale agent m. sichel 331 Washington st. imperial hotel bldg. SIX LEGISLATORS NAMED North Dakotans Involved by Testi mony on Bribery Charge. BISMARCK. X. D., Feb. 27. Names of nix members of the North Dakota Legislature were mentioned In the trial of B. J. Ness, charged with contempt In connection with alleged attempts at bribery. That Senators Hookmay and Lamoure received $1000 and $1200 re spectively two years ago, and that 3 If you have money awaiting permanent invest ment, a good plan is to deposit it in the Savings Department of this Company. It will begin to draw interest on the first day of the calendar month after deposit. If it only remains one cal endar month you will receive interest for that time. Security Savings and Trust Company Fifth and Morrison Streets. Capital and Surplus .... . . $1,400,000 negotiations of compromise. In the Mc Namara case and what he asserted was the definite promise of the prosecutor tn drnn pvervthine connected with the McNamara affair when the two brothers pleaded guilty. The only exception, saio Darrow, was to be made In the case of Matt Schmidt If the latter, who was said to have been an accomplice of J. B. McNamara in blowing up the Times nlant. ever returned to this country. In that event the witness said the Dis trict Attorney would prosecute tne al leged dynamiter, but not otherwise. Darrow spent the entire day on the stand answering questions propounded by his chief counsel. Earl Rogers. The direct examination was not brought to an en until adjournment time and his cross-examination by Assistant District Attorney Ford win begin wnen mo trial la resumed tomorrow. Train Runs Over, Kills Man. CENTRALIA. Wash., Feb. 27. ffipe cial.) Christus Christus. employed on a railroad engineering crew, was in stantly killed In Central! tonight when he fell under the wheels of O.-W. R. & X. local train. Christus was work ing seven miles north of Contralla and was returning home. When attempt ing to alight at the Sixth-street cross ing he stumbled over a switch rod and was thrown under the wheels. He was 35 years old. Three-quarters of one hundred years of hat leadership. The Hat With a Past a Present and a Future KNOX A Knox hat on a head covers a multi tude of good sense. Knox Agencies can show you a multitude of smart new Spring Styles Soft, Stiff and Silk Hats On Sale at Beit Shops Throughout the State Dear to the Hearts of the Women. DR.T. FEUX GOURAUD'S Ebatw fmrmhiautUti uu & Ml nun lwnCRDT.BWKlJia. Oriental Cream) OR MAGICAL BEAUTIFIER An Indispensable and Necessara Article for Particular Women who Desire to Retain a Youthful Jlppearance. Every woman owes It to herself and loved ones to retain the charm of youth nature hs bestowad upon lir. For over half a century this article has been used by actresses, singers and wonion of fashion. It renders the skin like the softness of velvet leaving It clear and pearly white and is highly desirable when preparing for daily or evening attire. As ft is a liquid and non-greasy preparation, it remains unnoticed. When attending dances, balls or other entertainments, it prevents a greasy appearance of the com plexion caused by tho skin becoming Gouraud's Oriental Cream cures skin diseases and relieves Punburn. Removes Tan. Ptmples Blackheads. Moth Patrhes, Rash. Freckles and Vulgar R-dness. a delicately clear and refined complexion Yellow and Muddy skin, riving So,ClVVery WFrsairb7DruBgIst3ftnaFancT Goods Dealers. FertL T. Hopkins, Prop., 37 Great Jones Street, New York. 1