Morning Oregonian. (Portland, Or.) 1861-1937, January 23, 1914, Image 1

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    VOL. Kill.- NO. 1G,588.
PORTLAND, OREGON, FRIDAY, JANUARY 23, 1914.
PRICE FIVE CENTS.
V
K
V
PACKERS' BUSINESS
SHOWS 610 GROWTH
Year'sGain Three Hun
dred Millions.
CAPITAL IS BUSILY EMPLOYED
Gross Sales by Leading Com
. panies Exceed Billion.
PROFITS, TOO, INCREASE
Prosperity of Big Chicago Concerns
Shown by Comparative Figures.
"Turnover" of Ten Rall
roads Outdone.
CHICAGO. Jan. 22. (Special.)-r-Gross
business transacted, by the lead
ing Chicago packing- companies In the
last fiscal year aggregated $1,165,000,
000. or approximately $300,000,000 more
than in the fiscal year of 1912. To this
total the contribution of Swift & Co.
was $400,000,000. that of Armour Co.
$350,000,000, Morris & Co. $175,000,000,
the Cudahy Company $105,000,000 and
the Sulzberger & Sons Company $123,
000.000 (estimated).
This total is greater than the gross
revenue of ten of the. larger Tailroad
systems of the country. The Union
Taciflc reported gross revenue of $96,
638.453 for the fiscal year, the Bur
lington $94,374,485, the Rock Island
$70,853,000, the Reading $102,822,000;
the St. Paul $94,084,000, Illinois Central
$64,280,000, Southepn Pacific $142,774.
000. Baltimore & Ohio $104,000,000,
Northwestern $83,035,000 and Santa Fe
$116,896,000. a total of $969,756,000.
Capital Relatively Small.
The volume of capital required by
the packers to make their turnover of
$1,155,000,000 was insignificant com
pared with that employed by the ten
' railroad companies to do about the
same amount of business. The pack
ers turn their capital over several
times a year, which cannot be said of
the railroads. It was estimated by
John Fletcher In the hearing on the
reserve bank question taht the total
turnover of concerns at the stockyards
totaled $15,000,000 a day, or more than
$4,000,000,000 a year.
Earnings of the packing companies
In the last year were much improved
over those of 1912. Their net amounts
applicable to dividends and the per
centage of return on their capital
slock compare as follows:
1013
Per
Kct for CU of
1912
Ter
Net for Ct. of
dividends.- stock.
J!,'J.iO,0VO 12.33
e.os.iHH :a. u
1.P1U.WHJ o:t.r.ij
1.S29.7S0 n.ou
dividends, stock.
(Swift. . .
Armour.
Morris. .
(Judahy. .
$S.S50.0O '.1.0
5.701.6415 28.3
i sia.&r.s tto.4
l,10,46o 10.0
Net Profits Large.
After
payment of 6 per cent on
$2,000,000 preferred stock, the turnover
of the Sulzberger & Sons Company is
estimated at $123,000,000. with a net
profit of $3,150,000.
The differences In the percentages
reported are due In a large degree to
different methods of financing. All of
the packers are large borrowers of
money from the banks, but their other
capital arrangements are not alike.
Each of the four big concerns has a
heavy surplus invested in the business.
The packers' securities are not widely
held. Swift's and Sulzberger's stocks
practically being' the only ones In the
publlo's hands. Armour, Morris and
Cudahy shares are held by those who
control the companies. All five com
panies have bond issues, however,
which are hold by Investors.
DAXGEIl OVER, SAYS DANIELS
Secretary Assures Hearers There
Will Be No Panic.
NEW YORK. Jan. 22. Confident
optimism of the Administration over
the outlook for commercial and indus
trial prosperity under Democratic rule
was voiced tonight by Josephus
Daniels. Secretary of the Navy, in an
address before the Brooklyn Merchants
and Manufacturers' Association. The
Secretary asserted that the country
already had been convinced there was
to be no "business panic" in 1914.
"The Initial beneficial effects of the
tariff and currency measures," he said
"as well as the President's reassuring
words as to the intent of past and
pending legislation have reassured the
country."
Speaking of the time when the coun
try had only two political parties and
only two choices from which to select
its governing torce, the Secretary said
that "the fact that there are now five
parties has inado an ending of the
period wnen politics is war. It is now
rather f.n emulation of competition to
see what party can by its record con
vince the voters that it is the best in
strument of public service; and that is
the test.
'"Two parties were all that were
, needed when our National life was less
complex and simpler problems pre'ssed
for solution." he added, "but today
there are such divergent views and
such varying political creeds that men
who believe In these opposing views
cannot find a congenial home in either
of the two old parties. There Is nothing
to fear for our Institutions because we
have more than two parties.
"Nothing could be more stifling or
injurious to tho best public service
than to say to men who do not agree
with either party that they must accept
what would be to them the least of two
evils. Tho American voters today refuse
to ally themselves under any party un
less it symbolizes the political doc
trines which win their approval."
JULIET, LIONESS,
MOTHER TO 3 CUBS
VALVE OF ANIMALS BORX YES
TERDAY. TOTALS $900.
Country Club Scene of Birth to Two
Males and One Female, Which
Will Lose Spots at One Year.
Juliet, a lioness Wintering at the
Country Club, In Rose City Park, is the
mother of three six-pound cubs, born at
2:30 A. M. Thursday. Two are males
and one female.
According to Louis Roth, animal
trainer for Al G. Barnes, who Is their
caretaker, the cubs, at present spot
ted, will lose the spots -when they be
come a year old. Their bodies are about
14 inches long and about as large as
ordinary three-weeks-old puppies. The
cubs opened their eyes yesterday for
the first time. They are worth about
$300 each.
Juliet occupies a cage In- the cor
ner of the animal barn at the Country
Club. Canvas has been hung around
the cage to darken it. A bed of al
falfa straw has been piled in one cor
ner. Juliet keeps her young far back in
the corner of the cage, she lies in
front of them to screen them from the
curious. She is quiet, but when the
canvas is taken down she keeps close
watch on the bystanders, baring her
teeth as a warning to stay away.
3 HUGE . CHECKS SIGNED
New York Treasurer Complains of
Wrist Sprained, by Ordeal.
ALBANT, N. T.. Jan. 22. (Special.)
"My wrist Is sprained," said John J.
Kennedy, State Treasurer, tonight to
some friends with whom he was dining.
"Met with an accident?"
"No, Just from signing checks. One
was for $19,000,000. payable to the
Manhattan Bank of New Tork; another
was for $8,000,000, and still another for
$10,000,000. There were some smaller
ones.
Then the State Treasurer explained
that the checks, totaling $35,000,000,
were to take up short term notes issued
by the state last year in anticipation of
the bond sale of yesterday.
YUKON MAY' GET RAILROAD
Premier of British Columbia Would
Take Over Northern Territory.
VANCOUVER, B. C. Jan. 22. In con
nection with a plan formulated by Sir
Richard McBrlde. Premier of British
Columbia, for the building of a great
north and south railway through Brit
ish Columbia to Yukon to connect with
lines that may be built in Alaska, Sir
Richard has advanced the proposal to
have British Columbia take over the
Tukon Territory. The proposal to ex
tend the province has been the subject
of recent correspondence between Sir
Richard and R. L. Borden, Premier of
Canada.
QUICK DEAL PROFITABLE
Syndicate Makes $550,000 in Rail
way Bonds in 9 0 Minutes.
NEW TORK, Jan. 22. The $51,000,000
issue of New York State 4 per cenf
bonds which were purchased yesterday
by a Wall street syndicate, highest bid
ders at 106.077, were sold today by the
syndicate at $107.25, within an hour
and a half after they were offered to the
public.
The demand far exceeded the supply.
This was taken in the financial district
as an indication of Improvement in the
financial system. The syndicate's profi't
was $550,000.
CHURCHILL GETS 4 SHIPS
First Lord of Admiralty and Lloyd
George Settle Differences.
LONDON, Jan. 22. Premier Asqulth
apparently provided a solution at to
d 's Cabinet meeting of the difficulty
over making both ends of the budget
meet, for Chancellor Lloyd George and
Winston Spencer Churchill, the first
lord of thu admirality,- left the confer
ence arm in arm, as though there had
never been a vestige of a quarrel be
tween them.
That Mr. Churchill will get the four
big ships he insists on is accepted in
naval circles as an assured fact.
BRYAN TELLS AMBITIONS
Did Secretary " Mean to Start Sena
torial Boom Is Question.
WASHINGTON. Jan. 22. Democrats
in the capital were gossiping today
over whether Secretary Bryan meant to
launch a Senatorial boom when, at s
Democratic dinner last night, he de
clared it had been his ambition since
boyhood to sit in the United States
Senate.
His own career, he said, all through
his earlier years, had been based on
a hope that he eventually would go
to the Senate. .
TOAST OF BRIDE HURTS
So San Franciscan Files Cross
Complaint in Divorce Suit.
SAN FRANCISCO, Jan. 22. "Here'
to my husband! Tonight he is busy
getting married. Six months from now
he will be busy getting a divorce."
In resisting today the application o
his wife for a divorce, Demetrie d
Papageorgopulo told Judge Murasky,
of the Superior Court, that one of hi
reasons tor wisning to nie a cross
complaint was the toast hjs bride gave
him at their wedding supper.
JAPAN SCRUPULOUS
Ifl KEEPING FAITH
Tokio Statement Made
With Full Consent.
ADMINISTRATION IS ADVISED
"Other Ways" Believed to Re
fer to New Treaty.
FEELING IS OPTIMISTIC
House Committee on Immigration
Considers Collateral Question
and Takes Precaution of
Closing Boors.
WASHINGTON, Jan. 22. Baron Ma-
kino's statement in the Japanese Par
llament yesterday of the status of ne
gotiations In regard to the California
alien land act aroused the greatest in
terest in Influential circles her, today.
Although under a special agreement
between the two governments the
Japanse foreign minister refrained from
making public the details of the ex
changes, his etatement was informa
tive in many quarters and particularly
n Congress.
Wilson Informed In Advance.
President WJlson was fully aware of
the fact that a Etatement was to be
made. Where negotiations are still in
complete, the rules of diplomacy re
quire the assent of both governments
to the publication of any details, so that
one side- may not take advantage of the
other to form public opinion. This rule
was scrupulously observed and Secre
tary Bryan admitted that he was aware
of and had consented to Baron Maklno's
statement.
By a coincidence the House commit
ee on immigration was considering to
day data supplied from the State Be
partment regarding Japanese immigra
tion when attention was called to the
development in Toklo, and. although the
data before the committee were purely
historical, relating to a period anterior
to the passage of the Webb act, the
committee decided that It was the part
of prudence- to consider such subjects
behind closed doors at this stage.
Officials Are Optimistic.
In Administration circles there was
feeling: of optimism regarding the
relations between the United States and
Japan and the highest officials did not
hesitate to express the opinion that a
satisfactory agreement soon would be
reached. There was no intimation as
to the probable basis of- such an agree
ment. When attention was called tb
the fact, however, that the negotia-
(Concluded on Page 2.)
BILL
VL SECRETARY
INDEX OF TODAY'S NEWS
The Weather.
YESTERDAY'S Maximum temperature, 80
degrees: minimum, 47 degrees.
TODAY'S Rain; southerly winds.
National.
Proposed militia 1)111 grants pay to members
ox .national Guard. Page
Japan declared to he keeping faith In nego
tiations. Faffo 1.
Four of Wilson's trust bills ready. Fag 1.
Domestic.
Girl students vote to eliminate costly flowers
ana taxicaos 'age s.
Volume of packers' business shows big In
crease m 1813. Page X.
General Mercado placed In command of
Mexican prisoners in Texas. Pare 5.
Contest Involving President Wilson's ' tltf e
to date land being- heard. Pane 2.
Ten directors of Frisco Line sued. Page B.
Bulzefs story is basis of Inquiry. Page 1.
John X. Itoward, one of defendants In fuel
case, dies; prosecution is closed. Page 4.
Sports.
Federals plan legal war on" organized base-
oau. Page 14.
Lincoln High School defeats Jefferson at bas-
Ketbaii. BS-20. Page 14.
Concessions to players' fraternity principally
Bunk," "says Buddy Ryan. Page 14.
Pacific Northwest.
State Treasurer Kay explains opposition to
west s irrigation plan, page 7.
State Federation of Labor nominates for of.
flees and adjourns. Page 6.
Baker's fame now known to Atlantic.
Page 8.
Eleven Mayors -meet at Tacoraa, for no ap-
parent purpose. Page 1. .
Commercial and Marine.
American sugar markets have upward ten
dency. Page 19.
Larger export demand lifts wheat prices at
cnicago. page 19.
Vigorous buying of stocks and bonds con
tinues In wall street. Page 19.
Site for East Side publlo dock bought. Page
10.
Portland and Vicinity.
Will R. King says $200,000,000 will be spent
in ten years in reclaiming land. Page Is.
Lioness at Country Club Is mother to three
eubs. Page 1.
Smallpox curbed at St. Johns. Page 6.
Emergency Board members charges Gover
nor can give jobs to Idle, but doesn t.
Page 13.
Miss Frances Brady weds Arthur Maxwell
Mears at charming home affair. Page 12.
Man write Ironic note to Coroner and ends
life. Page 18.
Weather report, forecast and data. Page 19.
Unmerglng of Southern and Central Pacific
neld unwise, page 12.
Use of militia nut up to candidates. Page 9.
Southern Pacific officers may rise. Page 0.
Proposed new school law discussed. Page 4.
May Irwin frolics to delight of audience
Hellig. Page 7.
Mr. Russel Invites publlo Investigation of
character of his place. Page 4.
TWO DEMOCRATS GET SONS
Brothers Become Proud Fathers on
President's Birthday.
PENDLETON, Or., Jan. 22. (Special.)
According to news received here today
by their aunt, Mrs. R. A. Strahorn, two
brothers, Harry and George Strahorn,
of Iowa Falls, la., became fathers of
sons on December 28. President Wil
son's birthday.
Both father are. strong Democrats.
They married sisters on the same day.
a no oirtns occurred, within half an
hour of each other.
TURKS AND BULGARS JOIN
Recent Foes Make Common Cause In
Treaty Against Greece.
LONDON, Jan. 23. The Vienna cor
respondent of the Daily Telegraph re
ports that Turkey and Bulgaria have
concluded an offensive treaty agains
Greece.
WAS ALWAYS TOO BUSY TO WRITE.
SULZER'S STORY IS
BASIS OF INQUIRY
Grand Jury Investiga
tion Is Begun.
MURPHY OFFERS TO TESTIFY
Senator O'Gormart to Be Sum
moned, Too, Says Whitman.
NEW EVIDENCE PROMISED
District Attorney Indicates Dual In
vestigation Will Bo Made as to
Attempt to Exact Tribute
From Contractor.
NEW YORK, Jan. 22. A grand jury
investigation was begun today Into the
story told under oath yesterday by
William Sulzer that Charles F. Murphy
sent a messenger to him during the
trial of the impeachment charges
against him as Governor and offered, to
call off the trial If Sulzer would quit
his graft investigation into state de
departments.
Mr.' Sulzer repeated before the grand
Jury today his story of his .. dealings
with the Tammany chief and it was
made known by District Attorney Whtl
man that this part of it and that re
lating to the alleged, attempt of James
E. Gaffney, Murphy's business and po
litical associate, to exact a political
contribution of $100,000 from James C.
Stewart, a state highway contractor,
would be made the subject of a two
fold Inquiry.
Whtlman Promises to Act.
"The evidence given by Sulzer speaks
for itself," said District Attorney Whit
man today. "It was given under oath
and should be judged accordingly.
will not comment on it, but the public
may rest assured that if a crime has
been commlttted in this county I will
do my duty, no matter who the offend
er may be."
Senator O'Gorman declined to dis
cuss the testimony, because he' migh
be called, as a witness himself.
Mr. Whitman said Mr. Murphy would
be called, as a witness in the John Doe
Inquiry. Mr. "Murphy denounced Mr.
Sulzer's story as false and said he was
willing to testify and would waive im
munlty. He added:
"I never talked alone with the man
in my life anyway not since he was
nominated for Governor. because
knew that he would do Just what he
has done, perjure himself."
"I shall be only too glad,' said Mr.
Whitman, "to give Mr. Murphy an op
(Concluded on Pago
1 1 MAYORS MEET
FOR 'NO PURPOSE'
ONE OF NUMBER AT RELIGIOUS
JIEETIXG WITHOUT FAITH.
Men's Brotherhood of Church at Ta-
coma Host Press Attacked
and Defended.
TACOMA. Wash., Jan. 22 Eleven
Mayors, representing principal cities of
Washington Washington, of many relig
ious faiths and at least one without
any faith at all, according- to his own
announcement, gathered at the First
Congregational Church tonight for no
apparent purpose whatever, save that
they came to the city in response to an
invitation by Mayor Seymour, of Taco-
ma, to attend a meeting; of the Men's
Brotherhood of the church of which he
Is president.
They talked mostly of the need of
furthering the Influence of Christian
ity in politics and business. The May
ors partook of a plainly-cooked meal.
paying 25 cents each and some of them
sitting In pews while they ate. Their
wives joined them later.
The press came in for criticism and
defense.
The newspapers," shouted Mayor
Demattos, of Bellingham, "used to be
the leaders of public thought, but now
they are the tailenders of public opin
ion."
Mayor Hindley, of Spokane, replied
that "The press today generally Is a
social, constructive, moral power and
while here and there is a yellow press,
It Is so because there are yellow people
who want that kind of a press."
Following was the roster of Mayors
at the banquet: George F. Cotterlll,
Seattle; J. F. Demattos, Bellingham; D.
C. Cady, Bremerton; C. Christensen,
Everett; the Rev. W. J. Hindley, Spo
kane; Oscar Klocker, Port Townsend;
E. D. Duff, Charleston: Luclan Dean,
Puyallup; E. R. White, Sumner; Joseph
McCaskey, Wilkeson, and W. W. Sey
mour, Tacoma.
WOMEN FEAR RAIN LESS
More Register While Dampness Cuts
Down Kumber of Men.
Registration was light again yester
day because of the continuous rain. The
voters kept the registration quarters
crowded, however, at noon. The total
for the day was 591.
A comparison of the figures of
Wednesday and Thursday shows wo
men bad less fear for the rain than
men. One. hundred and twenty regis
tered yesterday and 109 Wednesday.
Less men registered than Wednesday.
The registration by party was: Re
publican. S97; Democrats, 127; Frogres
sives. 38; Prohibitionists, 12; Independ
ents, 10; Socialists, 7.
ARMY FORBIDS SLIT SKIRT
Budapest Officers Commanded
Break Xevrs to Families.
to
BUDAPEST, Jan. 22. (Special.)
Field Marshal Fekete, commander of
the garrison here, has issued, the fol
lowing order: .
Whereas, certain young women
have carried their devotion to the pre
vailing' mode to such a pitch as to
appear In slit skirts and. thus over
stepped the furthest limits of propriety
as laid down in the officers' corps, all
military men are commanded to in
form the women of their families and
women who are invited to military
functions that slit skirts are not per
mitted." -
AH, MATES,TIS GRIM TALE
Craft Rolls Completely Over Too Fast
for Crew to Fall Off.
SAN DIEGO, Cal., Jan. 22. In a ter
rific storm off the coast the sloop Pas
quinade was dismasted today. Slmul
taneousiy witn tne loss of the mas
a huge wave struck the sloop broad
side and caused her to roll over com
pletely, looping the loop twice.
So quick was the whole action that
when she came up the occupants had
not had time to fall of, the mast break
lng off and piercing the deck in an up
right position 2 feet 6 inches behind
where it had been. She came into port
apparently undamaged.
COPPERFIELD TRAINS CU
Closing Saloons Causes Agency to Be
Discontinued by Railroad.
SALEM. Or., Jan. 22. (Special.)
The State Railroad Commission today
notified the Oregon Short Line that it
could discontinue its agency at Cop
perfleld and decrease its train servic
to that town from three to two trains
a week.
The request was made after the Gov
ernor declared martial law, the rail
road alleging its business had suf
fered as a result of the saloons being
closed. The authorities of Copperfleld
were notified the old service would b
restored when conditions justify it.
KHARTOUM YIELDS RELICS
Sacred Well and Observatory Found
in Ancient Ethiopian Capital.
LONDON. Jan. 23. (Special.) A dis
patch from Khartoum to the Times says
recent discoveries made by Professor
Garstang, at Merce, the site of the an
clent Ethiopian capital. Include a sa
cred well and an observatory in which
there was evidence of instruments for
taking observations, especially in de
termlning latitude.
He also discovered two monumental
Inscriptions with the longest Mercitl
texts extant, which recorded vlctorle
with reference to Roma.
FOUR
OF WILSON'S
TRUST RILLS READY
Trade Commission
Measure Introduced.
OTHERS TO GO IN TODAY
"Restraint of Trade" to Be
Defined Specifically.
MONOPOLY IS PUNISHED
President Indicates Present Issues
of Securities Will Xot Bo Af
fected by Measures for
Future Supervision.
WASHINGTON, Jan. 22. Four of tho
proposed bills to supplement the Sher
man anti-trust act, suggested by Fres-
id ent Vilson in his recent message to
Congress, were made public tonight.
One of them, the measure to create an
interstate trade commission, was in
troduced in the course of tho day in
the House by Representative Ciayton.
chairman of the Judiciary committee.
Three other measures prepared by
the House judiciary sub-committee for
submission and consideration by the
full committee were given to the pub
lic, in accordance with the President's
programme of publicity. Hearings will
be held on all of them.
Tho three bills to be introduced to
morrow embrace the following sub
jects:
Prohibition of interlocking directo
rates of industrial corporations, rail
roads, banking or trust companies, to
be effective two years after approval.
Conspiracy Is Defined.
Definition of the Sherman anti-trust
act, to include within the meaning of
"conspiracy in restraint of trade" every
contract, combination In tho form of a
trust or otherwise within the meaning
of the word "monopolize." certain defi
nite offenses, all of which would be
prohibited, and fixing guilt upon indi
viduals. .
.A trade relations measure, designed
to prohibit "cut-throat" competition
through price concessions, discount, re
bates, territorial restrictions, etc., and
giving Individuals injured by reason of
anything forbidden in the Sherman act
the right to bring suits in equity
against corporations against which de
crees have been obtained by the Gov
ernment. Chairman Clayton announced that a
fourth projected measure, which would
provide for Government regulation of
railroad securities, had not been draft
ed and would be taken up by the House
and Senate Interstate Commerce com
mittees. Commission Bill Tntrodnced.
President Wilson's message to Con
gress suggesting anti-trust legislation
supplemental to the Sherman law,
which would eradicate evils of big
business and. restore confidence and
commercial activity, bore its first fruit
today when the bill to create an inter
state trade commission was introduced
In the House. An effort by Senator
Newlands to Introduce the bill simul
taneously in the Senate was blocked by
Senator Smoot owing to debate in the
Alaska railroad bllL
While the President recommended in
his message the supervision by the In
terstate Commerce Commission of the
issuance of railroad stocks and bonds.
he took occasion today to emphasize
that this did not necessarily mean that
past issues of securities would be in
quired into or affected, by the present
legislation. Nor did the President
consider that the regulation of rail
road securities has anything to do with
the subject of regulating stock ex
changes. Legislation on this subject, he ex
plained, was not recommended in the
Democratic platform and he did not
feel that he should recommend any
thing that had. not been Included in the
platform.
Commission Wonld Assist Business.
The commission proposed by the bill
Introduced, today, which would absorb
the Bureau of Corporations and which
would have as Its first chairman the
Commissioner of Corporations in this
case Joseph E. Davies, of Wisconsin
would consist of Ave members, salaried
at $10,000, and would have powers of
Inquisition over all corporations, save
common carriers, which are regulated
by the Interstate Commerce Commis
sion. It also would act as . an ad
visory board to the Attorney-General
and the courts, but its most Important
function is designed to assist business
and the Government in preventing vio
lations of the Sherman act; in aiding
the Attorney-General to terminate al
leged unlawful conditions by agree
ments such as have recently been ex
ecuted in the American Telephone St
Telegraph Company and New Tork,
New Haven & Hartford Railroad cases.
In that capacity the commission would
serve, in accordance with the sugges
tion of the President in bis message,
as the business agent of the "constitu
tion of peace."
Unlawful Combinations Set Kertfc.
The Sherman act definitions bill
would include within the meaning of
the terms "every contract," "combina
tion in restraint of trade or commerce,"
"combination in the form of trusts or
otherwise," and the word-"monopolize"
as used in the act, any trade combina
tion or agreement which purposes "tc
; (Concluded on Pag 4.)
Li I m