11 the state outside of Portland who at tended were: W. L. Thompson, of the American National Bank at Pendle ton, president of the State Bankers' As. sociation; C. A. Shute, of the American National Bank of Hillsboro. vice-presi Hammocks, Tents, Couch Swings, Go-Carts, Tennis and Golf Goods, Trunks, Suit Cases and Traveling Needs, Fourth Floor Manicuring and Hair Dressing Parlors, Second Floor Take Luncheon in Our Cool, Restful Tea Room on the Fourth Floor OWEN -GLASS BILL dent; J. M. Poorman, of the Bank of vvoodburn, chairman of the executive committee, and others. The resolutions embodying the changes here outlined were drafted by a sub-committee of the local Clearing House Association, consisting of A. I. Mills, president of the First National Bank; R. Lea Barnes, vice-president of the United States National Bank, and E. A. Wyld, of the Security Savings & Trust Company. SODA FOUNTAIN AND ICE CREAM PARLORS IN THE BASEMENT Olds, Wort man Ss King PORTLAND AGENTS FOR GOS.SARD, NEMO AND BON TON CORSETS Oregon and Washington Fin anciers Discuss Measure Pending in Congress. Reliable Merchandise- Reliable Methods Saturday Hours Ot30 A. M. to 0.30 P. M. Store Honrs S30 to 5i30 Daily, Except Saturday.' THE MORNING OREGONIAN, FRIDAY, JULY 25, 1913. BANKERS NDQRSE (CCr)j) ram SOME CHANGES SUGGESTED ast Power Placed In Hands of President Disapproved Of, but Be lief Is Held That Relief Will Be Given If Need .Is Shown. President Wilson'8 currency hill, known as the OwenGlass bllL now pending in Congress, was indorsed at a meeting of the Portland Clearing House Association, the Tacoma Clearing-House Association and the Oregon State Bankers' Association yesterday. While the resolutions adopted recom mend the passage of the bill they also suggest some changes, principal among which are those embodied in the recom mendations recently advanced by the currency committee of the National Chamber of Commerce. In addition to the suggested amend ment of the National Chamber of Com merce the local bankers offer a few amendments of their own. substantially as roiiows: That in addition to "notes and bills of exchange issued or drawn for agri cultural, industrial or commercial pur poses," which the Administration meas ure makes subject to rediscount, "notes and bills of exchange of the wholesale manufacturer of any goods, wares and merchandise, or that of a wholesale purchaser or shipper of agri cultural, mineral or water products, and livestock," be subject to rediscount as well. Draft Acceptance Specified. That drafts growing out of domestic as well as out of foreign transactions may be accepted to an amount equal In the aggregate to no more than one half of the face value of its paid up and unimpaired capital, provided such drafts have no more than six months to run. That notes and bills subject to redis count can have a maturity up to 90 days, instead of 45 days as provided by the original bill. These are virtually the only changes suggested by the local bankers in ad dition to the somewhat Important changes suggested by the National Chamber of Commerce. These proposed changes have to do principally with the control and management of the regional reserve banks proposed by the Owen-Glass bill, which provides for a Federal reserve board of seven mem bers, appointed by the President of the United States, of whom at least one shall have had banking experience. Now the National Chamber and the local bankers recommend that the Fed eral reserve board be increased to nine, that the original seven shall choose two additional members, subject to the approval of the President, and that the board thus constituted shall elect the governor and vice-governor of the Federal reserve board. Dignity of Board Desired. The bankers also want the members well paid so that the board "in dignity will rank with the Supreme Court and be equally free from any suspicion of political control." So that the Federal reserve board may know the sentiment of the bank ing interests of the country at large the local bankers, following the lead of the National chamber, suggest the organisation of a "Federal reserve council," elected by and representing the directors of the Federal reserve banks and serving in an advisory ca pacity, meeting at stated periods in conference with the Federal reserve board, and that its president and vice president should reside in Washington and sit in the meetings of the board without vote. The compensation of the officers and members should be fixed and paid by the Federal reserve banks. Caution is urged in establishing the regional reserve banks as provided by the Administration measure lest the transfer of funds from the established centers to the newly-organized regional banks result in confusion. It is sug gested that in the creation of this sys tem of Federal reserve banks a begin ning should be made with the present central reserve cities, additions to be made by the Federal reserve board gradually as in their Judgment condi tions warrant them. Elastic Currency Urged. It is suggested also that the J500, 000.000 limit that the Owen-Glass bill proposes to place on the new issue of Federal reserve notes be withdrawn because this limit is "unnecessary and undesirable." It Is declared unneces sary because if the notes be issued against commercial paper only and their automatic redemption is provided for, there can be no danger of redund ancy and inflation; and undesirable be cause at the present rate of increase of population and production this ad ditional currency soon will be absorbed. The bankers object to that prevision of the Administration bill which allows the Federal reserve board to charge interest on notes supplied to the Fed eral reserve banks, because, they de clare. It would discriminate against borrowers in the country districts where there is more need for cash, in favor of those in the city districts where much of the business is done by check. A number of minor changes also are suggested, including some changes in the technical phraseology of the meas ure, and providing for a renewal of the charters of the Federal reserve banks following the expiration of their "charter, which is to live for 20 years from the date of their organization. Poweri of President Displease. Although bankers throughout the country are opposed to the vast pow ers given the President under the pro visions of the new bill they are indors ing the measure, believing that it is a start in the right direction and. that any defects may be rectified by Con gress in the future. The provision that allows the Presi dent all appointive power of the seven members of the Federal reserve board has met with much opposition by the bankers. The Secretary of Agriculture, the Secretary of the Treasury and the Controller of the Currency are specially named as three of the seven members. There is a well defined feeling among bankers in Portland that the bankers themselves should be given the privi lege of naming at least two of the members of this board and the in creases suggested by them paves the wylor such a privilege. Yesterday's action becomes the opin ion of the Portland Clearing-House As sociation, the Tacoma Clearing-House Association and the Oregon State Bankers' Association, each of which organizations was represented. Nearly every bank in Portland had an officer at the meeting. Eugene Wilson, viee presldent of the National Bank of Com merce, of Tacoma, acted for the Tacoma clearing-house. Outside Bankers Attend. Among the bankers from points in I. W. W. ARRESTS UPHELD George Wright Post, Grand Army, Commends Mayor and Sheriff. Members of George Wright Post, No. 1. Grand Army of the Republic, stirred by attacks on the flag by I. W. W. speakers, have adopted vigorous reso lutions commending the measures tak- DEPUTY AUDITOR PROMOTED TO CHIEF CLERKSHIP. r ; Y C. y. Wlegand. C. F. Wlegand, for eight years a deputy in the office of the City Auditor, yesterday was ap pointed chief clerk in the De partment of Public Utilities un der Commissioner Daly. He will attend to all the clerical work, including the keeping and audit ing of records and business of the department. Much of this work is now being dona by the Auditor's department. Mr. Wle gand is one of the best known of the city employes. His prin cipal work in the past has been the handling of city elections and keeping and auditing the records and work of the water board, which passed out of existence July I. en by Mayor Albee and Sheriff Word to suppress seditious utterances. The resolutions follow: We, the members of George Wripht Post, No. 1, Grand Army of the Republic, hav- 3 - o ' . . I i. i ' 1 1 B I.UI1BIUCICU 11 LC actions of the Industrial Workers of the i "is cny ana eisewnere, in their . ....... - bcuiuuub Bpeet-n ana acts of violence In defiance of the laws of our stato and Nation, endangering the lives ana property of all peace-loving and loya! citizens, and Whuntu h. f.l. -i... , , UDiuq H L VUI fjliy II I. been criticised owing to the unlawful and BcuiimuB buib ut ruioenu tnereln belong- . l urinuinuiflii, wno continually by word and act insult our grand old flag and all It stands for, now, therefore, be it Resolved, that we commend the City Council for the action proposed, prohibiting the use of the "Red Flag." for In this land there Is room for but one flag. Old Glory and also Resolved, that we condemn in severest terms all residents and others of this city or elsewhere, who have In any manner counsoled. aided, acted, or sympathised with the Industrial Workers of the World, com monly known and described as I. w. W. and all kindred organizations, or societies! and be It further Resolved, that we commend ' the Mayor, Sheriff Word and the Police Department for their good work in demonstrating to thesa petulant offenders that their treason able and scurrilous speech will no longer be endured by the people of this city. CLARE, G. MORET, C. T. GOL'LDING, W. N. MORSE, Committee on Resolutions. BUYER FOR J3R0ADS HERE William V. S. Thorne, Guest of Offi flclals of O.-W. R. & 2f. Co. William V. S. Thorna. director of purchases of the Union Pacific, Oregon Short Line and O.-W. R. & N. Company, comprisine- the linea nf th tti c clfic system, arrived yesterday for a tew aays stay in .Portland. He is on a vacation trip, touring the Coast. While here he is the guest of local 0.-W. R. & N. officials. Mr. Thorne is an important factor in the railroad world. He has been iden tified with the Harriman interests for many years, and was one of the confi dential advisers of the late E. H. Har riman. Before the recent unmerging, when the affairs of the Southern Pacific were administered from the office of the Union Pacific, he was responsible for the Durchase of unnniiAi rcr,.inn. Pins to locomotives, and aggregating in value more than $100,000,000 an nually. Even with jurisdiction over the Southern Pacific he will buy more than S7E.000.000 worth f year for the other roads for which he uinciaies. HEALTH CONDITIONS GOOD Quarantined Cases in City Number Less Than Score. Unusual improvement in the health conditions of the city is shown in the report made to Mayor Albee yesterday by City Health Officer Marcellus. There are only 18 houses in the city under quarantine. This includes all contagious diseases for which quaran tine flags are posted. This time last year there were more than 200 flags up for smallpox, scarlet fever and diphtheria. Six months ago there were more than 100 flags. The number has been gradually reduced until the present, when the number is lower than for many years past. SUNDAY AT MDRTH BEACH . The round trip, Saturday to Monday, is only S3. Leave on the Potter Sat urday at 1 P. M. or the Hassalo at,9:30 P. M., back Monday morning In "time for business. Make reservation now at Ash-street dock or city ticket office Third and Washington. Phones Mar shall 4500 and A 6121. m WASTED ANOTHER JOB! Foley Kidney Pills have Just gotten a an out of bed and abln to John weatn, .Michigan Bar., Calif., could not turn in bed without help but "I commenced using Foley Kidney Pills and can truly say I was relieved at once." For kidney and bladder trouble, swollen Joints and sore muscles, back ache, rheumatism, give them a chance. For sale by Huntley Bros., 4th and Washington sts. Annual Mid-Summer Clean-Up Sates -All Departments Women's Tub Dresses Now $4.49 Unusually Good Values at This Special Price Ready-to-Weax Apparel, Second Floor When you see these pretty dresses you'll wonder how they could be sold for so little money. They are made of excellent quality linens, eponge, crash and striped dimities in a variety of charming styles for house and street wear. Some are attractively trimmed with dainty embroidery and .lace edges several styles in the lot trimmed with hand embroidery. 'Doubtless many women will purchase a couple of these handsome dresses at this very special price. Splendid assortment of colors to choose 3?v. Z Ck from and all sizes. The prettiest lot of dresses we have offered this season. Youi choice today, P3tr.xZ? New Balkan and Middy Blouses $1.19, $2.49, $1.69 $6.50 Heavy Knit Wool Sweaters, Special $5 Department, Second Floor We show these popular Middy and Balkan Blouses in several styles. Made from best quality White Galatea with contrasting collars and cuffs in plain colors or- striped effects. Others with flannel collars and cuffs trimmed with braids. All have patch pockets piped with same material JJ " JO as collars and cuffs. $1.19, $.1.49, 7 Department, Second Floor Women's and Misses' Heavy Cardigan Ribbed Wool Sweaters a lot we se cured at a very advantageous price. Have large roll collars with loop fastenings, ribbed cuffs and knit-in side pockets. Sweaters' such as these usually sell at $6.50, and they are worth it. Good range Qff fC of sizes to choose from. Special now at W Girls' Summer Coats atVz Second Floor No need to remind you that this is a rare bargain opportunity, for the prices tell the story. Girls' Summer-weight Coats in an extensive show ing of newest materials in light or dark colorings,- Some plain tailored while others are more along fancy lines. All new and desirable $3.75 to J?Q t O $18.23 Coats at $1.88 to pi. J.O Girls9 Dresses at V2 Ages 6 to 14 Second Floor A special line of Chil dren 's Woolen Dresses, appropriate for beach wear- Norfolk, Sailor and One Piece styles in good serviceable dark colors and checks. Well made and nicely trimmed. $8.25 to $15.50 flJ'T 7 EL Dresses now $4.13 toV - Bathing Suits $2.98 to $25 Most Complete Showing in the Ctty" - v Second Floor There's satisfaction in t ! .1 1 1 1 " Zl J 1 - 1 CiiuobiUK me uaiumg suiu at mis store, wtere assortments are large and varied. The season 's smartest models in silk or wool moire, alpaca, ffeta and messaline silks, etc. Some styled with bloomers, others are worn with tights. Trimmed with fancy braids, Bulgarian silks, etc. All sizes are here in plenty for Women CJO? ff and Misses at $2.98 to PwiJ.LLr Children's Bathing Suits Ages 2 to 12 Second Floor Children's Bathing Suits of mohair and flannel in brown, blue, red or black, with trimmings of fancy plaid bands and novelty braids. One-piece or bloomer. Full line Women's, Misses and Children's Bathing Shoes, Caps, Bathing Suit Bags. Apron Day at Bargain Circle Main Floor, Between the Elevators Waitress Aprons, 39c Made from fine quality white lawn in large square style with plain or embroidery bre telles, wide strings and deep hems. Ex ceptionally well finished. On OQ sale for today only at, each'--''' Percale Aprons, 59c Kimono style or with belt and fitted bibs. Made from best quality percales in neat figured or striped patterns also checked ginghams. In good ?Q- sizes and extra well made, Overall Aprons, 69c For prac ticability and service these aprons are unequalled. Excellent quality checked ginghams, well made and nicely fin ished. Also at this price large fitted styles in Nurses' Stripes. ZCks On" special sale today at only f " Two - in - One ' ' Bungalow Aprons reduced in price to - Fancy Tea Aprons, 29c 50 dozen of these attractive aprons will be sold today at the above price. Fine white lawn in plain or embroidery trimmed styles with wide strings. Ex-OQ-traordinary value at this price, ''" Bib Aprons at D8 Women's fitted bib aprons in nurses' stripes and Dutch ginghams. Extra good quality and QQ nicely made. Have large pockets. J70C Women9 s 50c Lisle Vests and Drawers 3 for $1.00 Women's Sleeveless Vests lOc Union Suits 3 for $1 Bargain Circle, Main Floor Odd lines Women's Fine Lisle Vests and Drawers. High -neck, long-sleeve Vests and lace - trimmed Umbrella Drawers. Regular 50c JJ T fifb grade, now three for Bargain Circle, Main Floor Thirty dozen. Women's - White Cotton Sleeveless Vests with double taped neck. Some plain and olhers are" lace trimmed. While they t flg last buy them at special,--"'. Bargain Circle, Main Floor Wom en's Fine Ribbed Union Suits with taped neck and lace-trimmed um brella knee. Cool Summer-weight and nicely finished. 2? 1 ff 35 each, or 3 for pJL.W Women's 2 Clasp Lisle Gloves Good Assortment Colors, Sizes - 25c Pair Warm Weather Apparel For Men and Boys Priced Exceptionally Low Main Floor, Morrison St. Way Our Annual Mid-Summer Sale of Men's and Boys' Clothing and Fur nishings makes buying at this store decidedly profitable. All bright new stock no "has-beens." Trading Stamps given with purchases. All Men's Fancy Suits Reduced New 1913 Models All Sizes Men's $12.50 Fancy Suits, $ 9.38 Men's $15.00 Fancy Suits, $11.25 Men's $18.00 Fancy Suits, $13.45 Men's $25.00 Fancy Suits, $18.75 Men's $35.00 Fancy Suits, $26.25 Bines and Blacks 10 per cent off Boys' $ 5.00 Boys $ 7.50 Boys' $ 8.50 Boys' $10.00 Boys' $12.50 Boys' $15.00 Fey Norfolks $ 3.75 Fey Norfolks $ 5.60 Fey Norfolks $ 6.35 Fey Norfolks $ 7.45 Fey Norfolks $ 9.35 Fey Norfolks $11.25 Sale of Men's Cool, Office Coats Alpaca and Serge, All Sizes Special Sale of Men's Hot Weather Coats for Office and Lounging Wear. Black, Cream and Gray Alpaca and Navy Blue Serge. Complete assortment of all sizes. Note the special sale prices now in force. Regular $1.50 Coats now $1.19 Regular $2.50 Coats now $2.19 Regular $3.60 Coats now $2.98 Regular $5.00 Coats now $3.98 $3.50 Gray Alpaca Coats $2.98 $5.00 Gray Alpaca Coats $3.98 $1.50 Cream Alpaca now $1.19 $5.00 Bine Serge Coats at $3.9S All Men's Motor Coats at V4 Off Men's Silk Caps Special 95c Coats for Motoring and Traveling Wear in general. Linen Crash and Alpaca, in stylish new mod els, handsomely trimmed. Most complete line in the a ff-f city now priced at ' Men's Silk and Silkene Caps cleanup of an odd lot ranging in value up to $2.00. Cool, light weight and comfortable. Buy them while they last at Q reduced price for choice, f Men's Straw Hats at l2 Price Men's $1 .50 Underwear 49c Split Yachts, Sennets and Bankok Straw Hats at one - half price. All $1.00 Straw Hats at 50 All $1.50 Straw Hats at 75 All $2.00 Straw Hats at $1.00 All $2.50 Straw Hats at $1.25 Clean-up of odd lines Men's Un derwear Shirts and Drawers several different kinds, but not all sizes in each style. Values up to $1.50 a garmenty nowQ-r reduced for disposal at-' Sale of Men's, Young Men's Belts Men's SOc Wash Ties at 25c Our entire stock of .Men's and young men 's Belts greatly reduced Regular 50&-Belts now at 38 Regular $1.00 Belts now at 75 Regular $1.50 Belts now $1.10 Regular $2.00 Belts now $1.49 50 dozen Men's Classy Wash Ties on sale at just half the regular value. .Attractive colors and pat terns in medium widths. Standard 50c grades are specially O reduced for quick selling"-"' Boys' $1.50 Wash Suits at 49c rsiew L,ine tsoys- Blouses 200 of these smart little Wash Suits for today's selling. Ex cellent quality wash materials in very newest styles. Mostly in neat stripe pattern. All fdCkn Boys' Blouses and Shirts of best laundry-proof materials. No bet ter shirts can be made. A new one free if not satisfactory. Made with polo collars. j? f EZf Priced at 39 to P J- xJKJ sizes. $1.50 Suits now at Boys' White Rah Rah Hats Each 50c emnants of Wash Fabrics Ath Price Dept. Main Floor 2000 Remnants aqd Short Lengths of Wash Materials Lawns, Dimities, Crepes, Linaires, Flaxons and hun dreds of other weaves in plain white or novelty patterns. A great as sortment of materials to choose J from. All are marked at just W5. In the Hasement Stnra No Mail or Telephone Orders Will Be Filled at These Special Prices 9 to 10 15c Garden Hats, Mexican style Hat Shapes, values to $2.50, black and colors. Children's Hose Supporters, white,. black . 5 25 - 9? lOtoll 11 tol2 12 to I 1 to 2 2 to 3 Boys' 39c Shirts, tan color, all sizes 19c 15x23 in. Huck Towels, colored borders, doz 48c Women's Wash Skirts, values to $2.50. 79? Twine Shopping Bags, good size 25c Patent Leather Belts, black and colors. Up to 50c Millinery Flowers Women's 12y2c black Cotton Hose. . . . 45c Window Shades, good grade Boys' Khaki and Stripe Pants, 5 to 10. 58-inch Mercerized Table Damask 150 Rugs, rich colorings, good quality. 50c Mohair for Bathing Suits, yard. . . - 5i .19c .5p . 9c 33c 25c 21c 98c 39c $1.00 Corsets, excellent models, sizes 18 to 30. Misses' Middy Blouses S6-in. Pongee Silks, natural color 3fo4 85c Bust Ruffles, excellent grade Men's $1.00 House Slippers, low cut, all sizes. Women's 29c Lace Trimmed Pants -59c -48c 44c -59c 69c 19c 4 to 5 35c Corset Covers, all sizes Odd lines Women's Wash Suits $1.00 Black Messaline and Taffeta Silks, 36-in'. 19c 98c 69c None of the above articles will be shown or sold except during the hour specified. S. & H. Stamps with all purchases. C )7 Women's $5 Shoes at $2.95 $4 and $4.50 Pumps, Oxfords $2.95 Main Floor Special sale 2000 pairs women's and misses' Foot wear in black ooze, brown ooze, tan, willow and Russia calf, gunmetal and velour calf, patents, vici, etc. Button or blucher cuts in high boots. Strictly new, desir- ' able stock, worth $4 and $o a pair. This extraordinary line of Shoes Q CZ todav at only P Main Floor Women 's and Misses' Pumps and Oxfords in Velvets, iuedes, Satin, etc., But ton or liiucher cuts, made from good de pendable stook. A number of different lasts with hand-welted soles. $4.00 and $5.00 vals. at, QO OCT per pr., P-W-.stiJ A Shoe Dept.. Main Floor Here's a Sale of Imported Pongee Silks That Will Be of Interest to Hundreds of Women Silk Department, Main noteworthy reductions. etc. Orders received by Regular $1.00 Imported Regular $1.25 Imported Regular $1.37 Imported Regular $1.50 Imported Regular $2.00 Imported Floor 10,000 yards Genuine Imported Pongee Silks in the Mid-Summer Sale at All weights and all widths suitable for Summer Dresses, Coats, Waists, Men's Shirts, man will De. iinea ana xorwaraea promptly, o. & t. stamps given with purchases Pongee, 26-in., yd... 79 Pongee, 26-in., yd... 9C Pongee, 34-in., yd...$1.09 Pongee, 34-in., yd... $1.29 Pongee, 34-in., yd... $1.69 Regular $2.00 Imported Pongee, 26-in., yd... $1.69 Regular S2.50 ImDorted Pongee 5fi-in vrt i oc , - J , - , VJX.UO Keguiar $3.ou imported Pongee, 26-in., yd. Regular $3.50 Imported Pongee, 36-in., yd. Regular $5.00 Imported Pongee, 36-in., yd. S2.38 S2.S9 $4.29 ca " GreenTrading Stamps With Purchases Amounting to 10c or more. Stamps will be given on all charge accounts if paid in full on or before the 10th of each month. Always ask for "S.&II." Trading Stamps. All Garden Hose, Etc., Reduced JrJSXt i''55S':M All Garden Hose, Sprinklers, Hose Reels, etc., now on sale at special reduced prices.- ' Third Floor. Perfec'n Oil Stove, 1-bnrner, $5.75 Perfec'n Oil Stove, 2-burner, $7.50 Reg. $1.50 Gas Ovens, now $1.25 Reg. $2.10 Gas Ovens, now $1.90 Enameled Cooking Utensils are now priced special, one - fifth off Home Outfits, 2oc Consisting of 1 25c Bottle -Oil, 1 15c Stone and 1 10c Oil Can, all for 25c set Keep your tools oiled and sharp. This Sprinkler for 75c Refrigerators at Reduced Prices $15.00 Refrigerators at $12.00 $18.60 Refrigerators at $14.88 $21.60 Refrigerators - at $17.28 $30.00 Refrigerators at $24. OO $43.25 Refrigerators at $34. GO All other sizes now 20 per cent off' $6.00 Suit Cases for $4.98 Fpurth Floor 24 -inch Reed Suit Cases, 8 inches deep, with sewed corners and handles. Cloth lined. Regu- 2?5 CkG lar $6.00 grade, Pc&r.sO $7 Suit Cases at $5.48 24-inch Cow Hide Suit Cases, 2 straps, sewed handles, brass locks and catches. Shirt folds and straps. Regu lar $.00 values. s, $5.48 Dog Muzzles All Kinds All Grades On the Fourth Floor