Morning Oregonian., July 22, 1913, Page 2, Image 2

2
THE MORNING OREGOXIAN. TUESDAY. JULY 1913.
NELSON AND CLAPP
-REPLY TO: HULHALL
PRESIDENT HUERTA, OP MEXICO, GREETS FORMER ENEMY
WITH BEARLIKE HUG
Going Away Soon?
0PTIMISEV1 REIGNS
IN MONEY MARKET
Leading Bankers Say There
Will Be No Suggestion
of Stringency.
BIG CROPS IS BEST SIGN
Balkan War Is Severe Drain on Gold
Supply Encouragement to Farm
rg to Export Wheat Given
at Reserve Centers.
BY W. 8- COUSINS.
Editor The American Banker.
NEW YORK. July 2L (Special.)
Frequently during- the past six months
statements concerning- the dull and
narrow aspect or Wall street business
have been, forthcoming. Notwithstanding-,
there has been sufficient ac
tivity to warrant the designation as a
premier security mart, and visitors to
the financial district have been amazed
to behold with what celerity the busi
ness of buying and selling securities
on the exchange has been conducted
and to what extent the transactions of
a single session sometimes attain.
It has remained for the past. week,
however, to establish new records for
inactivity and apathy in stock maYket
transactions, and statistics show that
not since 1896 has there been such In
difference to security purchases, as In
dicated by the small number of shares
changing hands. When It is remem
bered that In 1896 there were less than
half the number of stocks listed on the
exchange as at present, and that spec
ulation was necessarily confined to
much narrower limits. It will be seen
that present records suffer all the
more by comparison.
Day's Losses Considerable.
It has been estimated that the bro
kerage on the sale of 64,760 shares
(one day's low record) would be suffi
cient to allow each member of the
stock exchange the modest amount of
almost 12 for his day's business. The
average daily expense of a stock ex
change member. Including rental of the
main and branch offices, salaries, pri
vate wires, etc., will range probably
from 300 to 1000 a day, not consid
ering the interest on the amount In
vested for his seat on the exchange.
Inquiry- may probably be made, in
passing, as to the reasons for this
change of sentiment toward the specu
lative markets, and the lack of Interest
displayed In them by Investors. It Is
doubtless true that legislative attacks
and criticisms have been largely re
sponsible for the creation of adverse
sentiment against the security ex
change, and to a large extent these
criticisms have been amply Justified.
In late years, however, the governors
of the exchange have undergone a rigid
process of self-examination and self
expurgation, with the result that the
day of sharp practices. If they ever ex
isted, have passed for good,
i The more natural explanation is that
In this period of agitation and transi
tion Investors and speculators are wait
ing to -see. their -way more clearly. Just
now the money situation Is abnormal,
the political situation In Europe Is un
settling and the radical changes in the
tariff schedules are not conducive to
active speculation. Perhaps the next
few months will have a different tale.
Money Will Remain Firm.
Conservative bankers and business
men are unanimous in their belief that
money rates during the remainder of
this year will continue to be firm, but
without even the suggestion of an
awkward stringency. Throughout the
great agricultural districts of the Mid
dle West, and in the financial centers
which are most closely in touch there
with there is a feeling of optimism
and hopefulness that Is doubtless In
spired by the promise of excellent
crops.
It is true that a larger crop means a
greater strain on the money market In
order to finance the great harvesting
operations, but the after effects are
extremely satisfying both to the
banker and the farmer. When the Gov
ernment Issued Its monthly crop report
last week great disappointment was
felt because of the serious deteriora
tion in Spring wheat, indicating a crop
of more than 100,000,000 busels below
that of 1912. Since that time, however,
copious showers In the territories most
affected have greatly Improved the out
look and Indications now point to a
volume of new wealth from the soli
that must surely prove a substantial
and beneficial factor In rehabilitating
the banking reserves of this great sec
tlon. Western bankers, however, ' at the
reserve centers, are impressing on the
farmer and on the interior -banker the
necessity of reducing loans and of
building up our foreign credit balance
through the encouragement of exports
of grain as rapidly as possible. The
incentive to this Is the fact that with
all the liquidation that the stock mar
ket has contributed and with a moder
ate curtailment In business, loans con
tinue extraordinarily high and re
serves low. Many of the Western
banks are still below their-legal re
quirements, a Rltlintlnn , .
to the!r liking on the eve of the Zp-
' .vii crop require
ments.
Gold Exports Continue.
The movement of gold to Paris,
which continues in good quantity re
flected the exigencies of European
markets due to the Balkan war financ
ing, and is one of the disturbing ele
ments in tne home situation. It now
appears that the French Bank has been
furnishing funds to the Balkan bellig
erents and that the struggle has been
continued much longer than had been
anticipated. The result has been an
unusual decrease In
. 1UI1U9,
which has caused the governors of the
Bank of France to seek for American
gold to strengthen their own reserves.
u.iiui luu.itijr, unaer me present cur
rency system, there is no method by
outn v can compel the preclou
metal to stav t hnmA oa i ..
as any commodity, at the disposal of
the hlK-hest hldriAi-. wAA .
constructed in any way similar to the
Bjreai European systems, the adjust
ment of the discount rate would rigidly
prohibit the export of. gold at a time
when it Is sorely needed at home.
Moreover, it is now conceded that the
suppiy or Dar goia nas Deen exhausted
and that further shipments will neces
sarily consist of American eagles
whloh will rlnll. i K..I. .. ..
-- - . - . u . CDQIVC
and In other ways prove more embar
raBBing man ine lormer movement
of
goia uere.
ilt.nllnii Vi.a oo-aln I - J
to
the National capital, and much uneasi
ness has been expressed over recent de
velopments, more especially with re
gard to tariff developments and th
new currency bill. On 'the other hand
there is cause for real satisfaction ii
prevent the threatened railroad strike
that what might have proved a na
tional-calamity has been averted. 1
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GENERAL OROZCO, OPT RIGHT, C
NATIONAL
MEXICO NEAR CRISIS
President Wilson Denies Pre
dicting Government's Fall.
STATEMENT MADE PUBLIC
Secretary Tumulty Declares Wilson
Has Not Said United States VT1U
establish Protectorate Over
Central American Countries. "
'Continued from Page Ont.)
the Huerta regime are being talked
over freely in'' oiltciaT circles, though
no official of the' Administration will
permit his name to be coupled with
them. AH Information made public
was with, the exact stipulation that it
should not be represented as reflecting
the views of the Administration.
Wilson Aawalta Ambassador.
Meanwhile President Wilson is await
ing the coming of Ambassador Wilson,
hurrying north from Mexico City to
make a first-hand report of conditions.
His reports will be compared with
those President Wilson has received
from other sources. Secretary Bryan,
who has canceled some of his lecture
dates that he may return to Washing
ton Thursday or Friday, will partici
pate in the conferences.
Ambassador WilBon was at Hanava
today and one Indication of the desire
to, hurry him to Washington was seen
in ' a request by Secretary . Bryan to
Burgeon-General Blue to expedite the
Ambassador's passage through quar
antine at Havana and Key West. "
While the first intimation of the
Administration's apprehensive regard
for the latest development came early
today there was no additional Informa
tion to supplement the semi-official an
nouncement from high quarters that
this Government considered the situa
tion a very grave one for the Huerta
regime and looked forward to the de
velopments of the next two weeks with
the deepest interest.
Rebels Take Revenare.
Refusal of foreign consular repre
sentatives to hold a parley with Gen
eral Urbina, the Mexican revolutionary
leader, before his attack on Durango
Is given the reason for the outrages
against residents, irrespective of na
tlonality, following the recent rebel oc
cupancy of the city, according to State
Department advices received today.
General Urbina sent the Consuls word
of his intention to besiege Durango
and sought a conference with them. As
retaliation for their refusal to meet
him, it is said, the city virtually was
given over to the soldiery and the mob.
who fired and plundered property in
discriminately. Money was demanded
from the banks and from wealthy citl
xens.
Prices are very high and Consul
Hamm fears that there may be a fam
ine, although all Americans remaining
in the place are reported well. The
State Department has been advised that
the government at Mexico City has ex
pressed its intention of preventing
demonstration upon the arrival of the
new Japanese Minister, which might be
considered anti-American in character.
Transportation la Demoralised.
Transportation facilities in Mexico
are in a state of demoralization. More
than 200 bridges have been destroyed
between Monterey and Torreon.
From Guaymaa Admiral Cowles com
manding the Pacific squadron, reported
today to the Navy Department that the
city was quiet, federal reinforcements
having arrived .
State Department reports say that all
communication with interior Mexico
was cut off yesterday.
The revolutionists have taken the
principal towns to the west of Tux
pam and fighting Is expected at that
place. Consul Canada has reported that
the battleship Louisiana probably will
go rrom Vera .Cruz to Tuxpam to guard
American Interests when the clash
comes.
Marauders near that port have been
attacked in a search for arms and pro
visions. . too Vera Crus newspapers
have been suspended by President
'Huerta. The wrecking of an iron
bridge of the National Railroad near
Monterey has interrupted transporta
tlon to the northward.
CHAMBERLAIN WILL BOLT
(Continued From Tint Page.1)
Senator Burton, of Ohio, expressing the
assurance that It would fail in its pur
A TIGHT BY CAMERA ON VISIT TO
PALACE.
pose to lower the cost of living and
Senator Smoot, of Utah, in an address
to be continued tomorrow, branding it
"the most injurious tariff measure
ever taken up for consideration by
Congress."
"This bill," said Senator Smoot, "is
partisan and sectional measure, the
outcome of secret caucus methods such
as never ruled before in the Senate of
the United States. In his book, 'Our
New Freedom,' President Wilson says
that there is no excuse for caucusing in
Congress, and in a speech in Indiana
preceding his election he emphasized
that point by asserting that there was
no necessity for secrecy in Congressional-proceedings.
Yet, not in the his
tory of Congress has there been any
thing equal to that record In the way
of dark methods in the preparation of
tarirr Din.
"Governor Foss, of Massachusetts.
who has been elected three times to his
present office by the Democratic party
and who was supported as a candidate
for President at the last Democratic
National convention, denounces this bill
as a sacrifice of the interests. of the
Nation. William R. Hearst, a promi
nent Democrat, mentioned as a candi
date for President, agrees with Governor-Foss.
We all know what Demo
crats of Louisiana, Colorado, Montana
and other states vitally .interested
think of -this measure. A former Dem
ocratic United States Senator from Col
orado . has denounced it In vigorous
terms. . How could he do otherwise
when it sacrifices practically every im
portant industry of . that state and also
of every other Rocky mountain state
as well as other, states,-excepting pos
siDiy some in tne south?'
Analyzing the bill from end to end.
Senator Smoot declared that "of th
many monstrous provisions of thU
tariff lew, perhaps the. worst is the one
designed to annihilate the production
of sugar in this country."
FARRELL PARTY AT BEND
RAILROAD MEN VISIT MASV
CENTRAL OREGON TOWNS.
Prlneville Bankers and
Men Tender Reception Burns
Next Stopping Point.
BT ADDISON BENNETT. '
BEND, Or., July 21. (Staff Corre
spondence.) The O.-W. R. & N. Dartv
headed by President Farrell, which left
Portland in . two private cars Sunday
night, was picked up by an engine at
rne Dalles and made a smooth and easy
run to Metolius. arrlvlnsr at 6!Rn thi
morning. There we were met by Fred
Stanley anl two automobiles, and after
having breakfast in the cars we left
for Prlneville. going by the way .of
Lamonta. O'Neill and up Crooked River
to Prlneville. There a stop was made
at the famous ranch of Tom Sharp, also
with George Hlxon, who in partnership
with Mrs. McDowell, of Prlneville, is
raising some of the finest cattle in the
state.
At Sharp's ranch we had the rjleasura
of meeting besides Mr. arid Mrs. Sharp,
an a. xi. x-i. voroeu ana tne two Misses
Failing. At Prlneville we were met by
I. N. Williamson and with him as tllot
we went up the Ochoeo to the George
rtusseil rancn, thence back to McKay
Creek and up that a distance, thence
to Prlneville, where we had lunch at
the famous hostelry of Mrs. McDowell.
After lunch the bankers and business
men gathered at the hotel and an In
formal reception was held.
At 2 P. M. we left for Bend via Powell
Butte, Redmond, Deschutes and Laid
law, stopping for some time at Des
chutes, where we were the guests of
Roscoe Howard. The country and
towns look good. We ran Into a heavy
shower in the afternoon and got a trifle
wet, but were glad to do so, consider
ing the good the rain will do the coun
try. Tomorrow morning, with an extra
machine to carry baggage, wt leave for
Burns, where we hope to arrive before
6 P. M.
NETERER ' OBTAINS POST
Senate Confirms Nomination to Be
Federal Judge. '
OREGONIAN NEWS BUREAU, Wash
ington, July t 21. The Senate today
confirmed the nomination of Jeremiah
Neterer to be Federal judge for West
ern Washington.
He will fill the vacancy caused by
the failure of the last Senate to con
firm the nomination of Judge Clinton
Howard. Neterer was not opposed.
CARD OF THANKS.
We wish to thank our relatives and
friends who so kindly assisted us In
our sad bereavement in the loss of our
husband and brother. Mrs. D. E. Ander
son and family. .
Senators Deny Ever Having
Seen Lobbyist Until In
quiry Began.
JAMES E. WATSON IN CASE
Political 'Worker Tells of Represent
ative's Accepting Retainer While
. in Government Office to Work
for Tariff Commission.
WASHINGTON. July 21. Two Sena
tors, Nelson and Clapp, of Minnesota,
took the stand tonight before the com
mittee of their colleagues investigat
ing the "lobby" and denied the truth
of statements made by Martin M. Mul
hall, foxmer political, worker, acceler
ator of Congressional opinion and all
aro'und field worker for the National
Association of Manufacturers.
In letters read into the Record today
Mulhall told of conversations with Sen
ator Nelson a member of the lobby
commlttee-r-in relation to the rejection
early In- 1909 of a bill amending the
Sherman anti-trust act by a Senate
subcommittee, of which Mr. Nelson, was
chairman.
Mulhall wrote to F. C. Schwedtman,
secretary to James W. VanCleave. pres
ident of the association, that he had
seen Senator Nelson and that the Sen
ator had told him what transpired in
his subcommittee. He swore on direct
examination by Senator Cummins that
Mr. Nelson had suggested that the
association send a copy of the sub
committee's adverse report on the bill
to the President. "Mr. Roosevelt." In
one letter Mulhall spoke of being in
troduced to- Senator Clapp by Mr. Nel
son, and of talking with both, men
about a recent decision under the
Sherman act.
Mulhall Becomes Confused.
Questioned closely by Senator Cum
mins, Mulhall first swore he had been
told by Mr. Nelson what had occurred
in the committee room, even to how its
members voted on the proposed amend
ment. Pursued further, he agreed that
possiDiy ne nad not received such In
formation and then switched again and
ueciarecl mat lr ne said he had received
such information It must be correct.
"I have no recollection of seeing Mr.
Mulhall or taylng to him about this
bill and I certainly would not have
talked to him about what transpired
before the judiciary committee," said
Senator Nelson tonight. "It Is possible
he may have stepped' Inside of my of-
nce and gotten them from my clerk.
Mr. Hicks, my clerk, says that he can
not recollect ever having' seen Mulhall
In our room. So far as the report is
concerned, you all know that Mr. Mul
hall could get these reports from the
document room. I have no recollec
tion of ever meeting Mr. Mulhall or
talking to him on these subjects or
anything else. Ever since Mr. Mulhall
appeared here before the committno I
have been racking my brain to think or
recall it I ever saw him or had a talk
with him. There is a possibility that
I may be mistaken. I understand that
Mr. Mulhall had a mustache .then- and
perhaps that may account for the fact
mat x qo not recognize, him now."
Clapp Says He Never Met Mulhall.
"I have not the slightest ranollontlnn
of ever seeing Mulhall and certainly I
Have no recollection that Senator Nel
son introduced me to'him in his room.'
swore Senator Clapp. "It is very clear
in my mind that if I had I would have
reconectea it.
ine iNeison matter came up when
Senator Reed introduced a letter dated
January 29, 1909, from Mulhall to
escnweatman.
"I sent In my card to Senator Knute
Nelson, of Minnesota, who made the
adverse report, as chairman, to the
Senate upon the amendment of the
Sherman law," read the letter. "The
Senator came out and took me to his
room and gave me a complete state
ment of what took place In th lndl-
cdary committee before they made their
ttuverse report.
Senator Nelson was not in the roon
at the time and Senator
clared that, he had been requested to
no, urn au matters beariner Mr. ki
son's name be read at once. Two letters
were put in the record, one referring
to the same bill, -the other to an anti-
lujuncuon Dili which did not figure in
.nw iiiicr testimony.
Mulball Forsets Details.
Upon direct examination Mulhall said
ne cecame acquainted with Senator
rison ai me time he wrote the first
"I was sent there by Mr. Emery, th
ui.iei looDyist ror the association," he
"Senator Nelson's renort on th) v.m
was made three days before your call;
mean to say that you in
fluenced him?" asked Senator Cummins.
"No, sir, not at all."
Senator Cummins pressed the wit
ness as to the statement that Senator
Nelson had given him . information
about what occurred before the bill
was reported adversely. Mulhall was
certain that he had secured such In
formation, then "was not clear on that.
and later showed signs of anger.
"Tou don't expect me to remember
details of conversations which, occurred
so long ago?" he asked.
"I would be very much surprised If
you did." said Senator Cummins, dryly.
Aside from Senator Nelson. Mulhall's
letters dealt largely today with what
NEW
for the coming season. Select yours now. Small deposit will hold.
Special Summer Prices
It's Money Saved
Stored free and delivered when needed.
Remodeling and Renovating
at reduced Summer prices.
-
Store Your Furs
The largest and safest cold, dry-air storage vaults in Portland, built
of steel and- concrete for the safe keeping of your furs
Phone Main 24, A 2440 Established 50 Years
J. P. Plagemann, Manager
288 MORRISON ST.
SEE 'THAT
URVE
Familiarity breeds
efficiency
Our experience has
brought us in touch with
so many different phases
of eyestrain that our
familiarity with varied
conditions enables us
to exercise an efficiency
in your behalf that those
with less experience
cannot offer.
Our knowledge of the
right thing to do enables
us to do the right thing
by you.
THOMPSON
OPTICAL INSTITUTE
209-210-211 Corbett Building,
Fifth and Morrison, Second Floor.
the National Association of ' Manufac
turers was goinir to do for ex-Renm-
sentatlve James E. Watson, of Indi
ana, toward getting him a Dlace In
President Taffs Cabinet, and of how
the association began work for a tariff
commission. According to the letters.
Mulhall, Schwedtman and even til all v
President VanCleave and others high
in ms councils or tne association want
ed Watson in the post of Secretary of
Commerce and Labor, after he had been
defeated for Governor of Indiana, In
one letten Mulhall wrote that "If Mr.
Watson Is selected for the appointment
of Secretary of Commerce and Labor he
will be much more powerful In the Cab
inet of President Taft than he would
be as Governor of the great state of
Indiana."
Letters About Watson Quoted.
In another letter he said:
"If he (Mr. Watson) was Secretary
of Commerce and Labor it would be to
upbuild our splendid organization and
would give us the greatest rating
inrougnout tne country that any manu
facturer has ever had in the history of
the Nation."
On January 25, 1909, D. M. Parry, one
time president of the association, wrote
to Mulhall:
"I personally would feel just as safe
with Mr.. Watson in that job (Secretary
of Commerce and Labor) as for Mr.
Van Cleave or myself to have the
chair."
All through the day the letters told
of the Interest of Mulhall In a tariff
commission. He swore that he was In
structed to find out the views of every
member of the House and most Sena
tors on this matter and letters' were
read giving the standing of tecores of
men.-"- He finally . mixed Watson up
withfthe commission. . .
"I believe that Mr. TVatson was em
ployed by the committee of 100 of the
tariff commission when It w.as cre
ated," he swore, "and paid a" certain
amount of money per week for his
services while he was here In Washing
ton for that-committee.
"I know that at a meeting where
this arrangement was made they set a
price on Mr. Watson of $500 for a re
tainer. Mr. Emory set that price, by
appealing to Mr. Klrby and the rest,
and $250 a week for Mr. Watson while
he was here engaged In that work and
$10,000 If he got the bill through at the
end of the campaign."
"Mr. Watson at that time was not a
member?" asked Mr. Reed.
"Yes, he was a member of Congress."
LIQUORS 10 BE SEIZED
GOVERXOR ISSUES PROCLAMA
TION OX INTOXICANTS.
Ocean and River Steamers Suspected
of Carrying Contraband Sup
plies to Oregon.
SALEM, Or.. July 21. (Special.)
u-overnor West today Issued a procla
mation Instructing peace officers to
seize all intoxicating liquors shipped
into the state In violation of Federal
and state laws.
"It Is dally brought to the attention
of this office," says the proclamation,
"that unlawful shipments of such liquor
are being made, particularly by means
of ocean and river steamers plying be
tween - points within this state and
points within this and other states:
"Now therefore. In view of the fore
going premises and by virtue of the
authority invested In me, I. Oswald
West, Governor of the State of Oregon,
do hereby direct all Sheriffs. Constables,
Marshals, policemen and deputies of
such officers and all special officers or
agents appointed Dy tnis oitlce to en
force the provisions of Bald acts pre
venting the unlawful shipment of liquor
into dry territory, and further direct
them to seize all such unlawful ship-
CORBETT BLDCJ.
Don't forget your suitcase and your sweater
you'll need, them both. See the reduced prices on
the fine lines carried by this store:
$ 7.50 Bags and Suitcases, now only 3 5.95
$10.00 Bags and Suitcases, now only 7.95
$15.00 Bags and Suitcases, now only $11.85
$18.50 Bags and Suitcases, now only $14.95
$20.00 Bags and Suitcases, now only $15.85
$5.00 Shaker Knit Sweaters. .$3.95
$6.50 and $8.00 Shaker Knit
Sweaters $5.95
$6.50 and $7.50 Jumbo Coats. .$4.95
v$8.50 and $10 Angora Jumbo
Coats $6.95
Furnishings Dept., Main floor.
BEN SELLING
LEADING CLOTHIER
Morrison Street at Fourth
BANKRUPT
FURNITURE STOCK
ENTIRE
Peters Mfg. Co.
Great opportunity for those starting housekeeping
to furnish an elegant home at a surprisingly low cost
63 Fifth St.,
ments with a view of having them de
clared contraband and forfeited to the
State of Oregon."
A law passed at the recent session of
the Legislature requires shippers of In
toxicating liquors from "wet" territory
In this state Into "dry" territory In'
this state to label the shipments. The
transportation companies are required
to label them to keep a, permanent
record of the shipments.
MINISTERS CONFERENCE ON
Dr. John II. Boyd Presides at Eugene
Session and 1ondoner Speaks.'
UNIVERSITY OF OREGON, Eugene,
July 2. (Special.) With practically
all evangelical denominations repre
sented, the flrst state ministers' con
ference was begun here today In con
nection with the university Summer
school. Dr. John H. Boyd, of Portland,
presided and the principal address of
Of course, you can have some. Cake is really
wholesome and nourishing, and little children like
it on account of all its food value. When pure
'n nsed in making it. iivl?!r,
V Buy it of your dealer. MLL?ij;'I
snion MeaCompany j
VICTORIA, B. C, Invites You to Her
FIRST ANNUAL
CARNIVAL WEEK
AUGUST 4-9. 1913
Grand Street Pageants Fireworks Displays Fire Department Sports
Yacht Races Motorboat Races Rowing Races
Swimming Races Canoe Races
NAVAL AND MILITARY TOURNAMENT
INTERNATIONAL TRACK AND FIELD MEET -Daily
Band Concerts Portland Elks Band Musical Festival
Victoria and Vancovjrer Bands Illuminated Boat Processions
- St. John Ambulance Demonstration
Grand Masquerade Carnival Saturday Night
H. M. S. New Zealand Entire Week
Flower Show, Baseball, Cricket, Polo, Lacrosse, Bowling, Golf and
Tennis Tournaments.
SPECIAL RATES ON ALL LINES AND STEAMERS
or particulars, Apply
PRESSMEN'S POW-WOW
No Ticklers
WRITE TODAY TO HON. SE0.
. FORMS P. O. BOX
STOCK
Corner Pine j
the day was by Dr. F. H. Hayward, of
London, England.
Formal welcome to the delegates was
extended tonight by President Camp
bell, of the university.
Bomb Explodes In Lisbon.
LISBON, Portugal. July 21. A bomb
exploded In a coppersmith's work shop
hefe today and seriously Injured the
proprietor, who opened a drawer In
which It had been concealed. All his
employes were arrested. The police
made a number of raids on revolution
ary labor clubs today. They seized a
quantity of bombs and arrested many
of the members.
NO BETTER PLACE
Than Gearhart "By-the-Sea," where all
the pleasures of the seashore are at
your command golf, automoblllng and
horseback riding on beach, tennis,
bathing In surf and natatorium. Excel
lent hotel. Write A. C. Mitchell, Mgr.,
Gearhart, Or., for reservations.
Lard
Local Ticket Offices
INSURANCE CONGRESS
No Confetti
RANDOLPH STU ART FOR ENTRY
1311, VICTORIA. B. 0.
4 .