Image provided by: University of Oregon Libraries; Eugene, OR
About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (April 2, 1914)
THE JIOKXIXG OREGOXIAX. THURSDAY, APRIL 2, 1914.
HEW BANK RESERVE
Actual Working Capital Under
Law, However, May Be Only
Half That Amount.
DEPOSITS SHOW INCREASE
.National Institutions Demonstrated
by Statement Made Under Call
of March 4 to Be In Good
Shape to Meet Change.
"WASHINGTON, April 1. The new
Federal reserve banking system will
start business with a total authorized
capital of about $100,000,000 for all re
serve banks. This fact became appar
' ent tonight when figures were made
public from all National banks respond
ing to the last call of the Comptroller
of the Currency, made March 4.
The total capital and surplus of the
7494 National banks reporting, was
eiven at about 1 1,788,000.000. Under the
reserve act each National bank must
subscribe six per cent of its capital and
surplus to the capital of the reserve
bank in its district and six per cent of
th's total would be about $107,000,000.
There were only 7465 National banks
"Who signified in the legal time their
intention to enter the system, so that
the total would be somewhat reduced,
but the entrance into the system of
state banks and trust companies will
tend to offset this, and it is possible
that with these institutions figures in
the capital of all reserve banks will be
Actual Amount May Be Half.
The actual working capital of all the
banks may reach only half thisamount
for the law provides mandatory sub
scriptions of three-sixths of the total
six per cent. The reserve board, the
machine which will direct the system,
however, is authorized to demand the
payment of the other three-sixths.
The statement today s'.iows National
banks in excellent condition to meet
the demands of the new law. Some ob
servers were surprised by the fact that
loans and discounts have Increased in
stead of being curtailed. Loans and
discounts on March 4. 1914, amounted to
$$.357,535,898, a gain over January 13,
1914. the time of the last call, of $182,
130.936. Subscribing banks must begin pay
ment for their reserve bank stock 30
days after the announcement of the dis
tricts and reserve cities, and it was be
lieved in some quarters that 'today's
statement might show a decrease
, in loans and discounts because of this
Deposits Also Increase.
The loans and discounts increase,
taken together with the fact that ln
dlv'dual deposits increased in the same
period by more than $39,000,000, was
said to be the best indication that the
National banks are in shape to meet the
demands of the new system.
According to the statement, the re
sources and liabilities of the National
bank3 are $11,564,497,260; their capital
stock is $1,056,482,120 and their indi
vidual deposits $6,111,328,457. Their re
serves were put at $1,547,592,375, an
average of 20.62 per cent, and $47,529,
429 above the amount required by law.
The cash in banks decreased since Jan
uary 1914. about $14,000,000, but in
creased over April, 1913, about $80,-
Ten new banks were authorized dur
ing March to begin business and since
the currency act was signed there have
been 184 applications for conversion
Into. National banks or for entrance Into
the new system as state institutions.
SCHOOL PLAN DISCUSSED
Molalla. Citizens to Be Asked for
Bonds for Union Institution.
MOLALLA, Or., April 1. (Special.)
An enthusiastic school meeting was
held at the schoolhouse Monday night
and the practicability of erecting a
, now schoolhouse at once was discussed.
A vote was taken as to whether the
, district should be bonded or not and
cnly two present voted against the
proposition. The question of the class
of school to be erected was taken up
and by two-thirds majority vote it
was decided to go before the district
end ask that bonds not to exceed $22,
000 be issued and a. concrete school
building be erected.
It Is the ita.ten.tion of the district to
make this a union high school. There
are 14 districts surrounding this dis
trict which would patronize this high
school and help to maintain it.
BERRIES TO BE ADVERTISED
Eugene Logan Growers to Join Cam
paign of Valley Producers.
v EUGKNB, Or., April 1. (Special.)
Eugene loganberry growers will parti
cipate in the plan proposed by the
organized loganberry growers of the
Willamette V-lley, to conduct a syste
matio advertising campaign for this
fruit throughout the East. A. tax of
23 per cent upon the sale price of
every pound of loganberries handled
by the local Fruitgrowers' Associa
tion, will be -devoted to the advertising
fund with which it is hoped to conduct
a Nation-wide campaign. Lane County
will produce approximately 250,000
pounds of berries this year.
Loganberry growers believe that the
future of the crop hangs upon the
ability of the Pacific Coast to teach
the world to like the loganberry.
MODEL WET LAW IS PLAN
, Cornelius Will Vote on Saloon Ques-
' , tion at Coming' Election.
CORNELIUS, Or., April 1. (Special.)
The question of again licensing sa
loons in this city will come up at the
regular annual election to be held here
April 6. The new ordinance to be sub
mitted is framed along the lines of the
so-culled "model liquor" ordinances. It
provides for the closing of saloons at
10 P. M.. for wide-open fronts, no side
. or 'back doors, etc. Last year Corne
lius voted "dry." and there has been
an agitation slnce to re-establish tho
, f saloons. A petition, signed by a ma
s' ority of the city's voters, asking the
Council to call a special election was
turned down last Summer.
ST, JOHNS T0 CLEAN UP
Council Designates April 20 as Day
to Dispose or Rubbish.
ST. JOHNS, Or.. April 1. (Special.)
The City Council in session last
night designated April 29 as "clean
up" day in St. Johns. Each owner of
property Is expected to clean his prem
ises of rubbish and leave it where
the city's garbage team can gather
it up. . 1
City 'Attorney Gatzmyer . was -instructed
to draw an ordinance regu
lating the plumbing done in this place.
According to the statement made by
P. H. Edlefsen. of the St. Johns water
works, many kinds of plumbing are
Philadelphia-street property owners
presented a petition for a .dressing of
hard-surface on the present founda
tion on two blocks on Philadelphia
street. The matter was referred to
the City Engineer. The contract for
improving Mohawk street fron Central
avenue to Fessenden street was award
ed to J. Hahn for $4327. The City
Engineer was instructed to have all
lo( not now connected on Willamette
boulevard connected with the sewer
before the hard-surface is laid. A
resolution was passed for the im
provement of Burr street from Daw
son to Banks streets.
A bill of $100 for services during
the smallpox epidemic from City Phy
cisian Luzana E. Graves was rejected.
EMPLOYERS YIELD POINT
W A SHIN i T OS APPRENTICESHIP
PUZZLE KOW LEFT,
Minimum Wage Conference Unani
mously Recommends $10 m Week
as Women Workers' Scale.
. OLTMPIA. Wash., April 1 (Special.)
Ten dollars a week was the minimum
wage for girls 'over 18 years and
women workers In mercantile estab
lishments unanimously recommended
by the minimum wage conference to
day, but the conference failed to agree
on any concerted suggestion on the ap
prenticeship question, passing that
problem back to the Industrial Welfare
The Commission set April 13 as the
date for final decision of this question,
acceptance of the minimum wage rec
ommended and fixing of a minimum
for minors. Employes in the confer
ence contended for an apprenticeship
period of six months. Employers asked
18 months, but were willing to compro
mise on one year. .
The contending factions were equally
far apart on the question of propor
tion of apprentices to be allowed and
their wages. When it became apparent
no apprenticeship decision could be
reached employers moved the adoption
of $10 as the minimum wage, stating
they would rely on the fairness of the
Welfare Commission to settle appren
ticeships. The vote today c"i after a long
morning session, following a long day
and evening session yesterday, during
which the Commission and the three
disinterested members of the confer
ence acted the part of diplomats, trying
to bring the employers and the em
ployes to an agreement.
SIREN DEAFENS, SHE SAYS
Ruth Hoffman Sues Railroad for
$10,019 for Loss or Hearing.
NORTH YAKIMA. Wash.. April 1.
(Special.) Claiming that the whistle
on the rear platform of the observa
tion car of the Shasta Limited emitted
a loud and piercing blast In close prox
imity to her right ear as the train was
backing into the Portland station on
July 25, 1913, and that the unexpected
noise caused concussion of the laby
rinth and dissociation of the auditory
centers and nuclei, Ruth C. Hoffman,
of Ellensburg, today filed suit In the
Federal court here against the O.-W.
R. & N Railroad Company for $10,015
The whistle was attached to the rail
of the car platform.
The plaintiff claims she will lose the
hearing of the injured ear entirely.
600. LOGGERS ON STRIKE
Employes of Representative Kord
ney's Coniparfj- Quit Work.
SEATTLE, Wash, April 1. Six hun
dred logging camp employes in the
Grays Harbor country, members of the
International Timber Workers' Union,
are on strike for restoration of the
wages paid last Summer and Fall and
which were 50 cents a day higher than
the wages paid recently.
The strike was begun in the camps
or coates- ordney Company, of which
Representative Fordney, of Michigan,
is one of the owners.
PAGEANT TO BE MAY DAY
Walla Walla Woman's Park Club to
WALLA WALLA, Wash, April 1
(Special.) Arrangements were com
pleted today between the Woman's
Park Ciub and Porter Garnett, ' of
Berkeley, Cal, to present a two-day
May dav Dareant instead nf thu usual
festival this year.
The action will be drawn in part
from CirffU mvthnlnw ,til!in- i.
legends of Ceres and Proserpine. Work
of drilling the children will be started
New Centralia Club Elects.
CENTRALIA, Wash.. April 1. (Spe
cial.) At a meeting of the recently
organized North End Improvement
Club last night the following perma
nent officers were elected: A. R Wil
son, president; F. G. Gilbert, first vice
presWent; L. A. Walter, second vice
president, and Frank Graves, secretary-treasurer.
Next Monday a com
mittee from the club will call on the
Lewis County Commissioners relative to
the construction of a new bridge over
the Skookumchuck River at First
Eight-Hour Law Passage Celebrated.
CENTRALIA. Wash, April 1. (Spe
cial.) The passage of the eight-hour
law for miners was celebrated at Tono
today with a big picnic. A holiday
was declared in the coal mines and
the officers and employes of the Wash,
ington Union Coal Company joined in
the celebration. A feature of the pro
gramme was a safety first contest. In
which the winning team will represent
Tono at the state meet soon to be
held at Seattle.
Centralia to Get Xew IWtory.
. CENTRALIA. April 1 It was an
nounced yesterday that James Church
Ill, owner of a glove factory In Centra
lia. Is about to erect a new plant here
that will give employment to 100 per
sons. The factory will be located at
Maple and Pearl street and will be
thoroughly modern In every detail. The
City Commission granted Churchill per
mission to erect a temporary ware
house within the fire limits, pending
the building of the new plant.
2 0 Convicts Go to Honor Camp.
WALLA WALLA. Wash, April 1.
(Special.) Twenty convicts were taken
today to Honor Camp No. 1 at Hoods
port to replace the men whose terms
YALE STUDENT HELD
Night Assault on New Haven
Citizen Traced After Months.
GREAT SURPRISE IS FELT
Son of Lewis Xlxon, Prominent
Shipbuilder and Successor to
Croker 'at Head ot Tammany,
Confesses and Gives Bail.
NEW HAVEN. Con, April 1. Stan
hope Wood Nixon, of New York. City,
a prominent junior in the Sheffield
Scientific School at Tale, was arrested
tonight charged with assaulting Ed
ward M. Everett, chief engineer of the
Southern New England Telephone
Company, on October 22 last. Mr.
Everett was walking home alone late
at night when he was struck from be
hind with a club and knocked unconscious.-
It was thought the motive was
On the . night of the assault there
was a student outbreak, during which
iron bolts were hurled through win
dows of homes of prominent residents.
Detectives worked on the case since
last Fall, but no definite clews were
found until today, when it Is said sev
eral of the iron bolts were found in
xsixon s room.
Nixon confessed, according to the
police. He is out on bonds of $1500
lor a nearlng tomorrow.
Nixon's father is Lewis Nixon, a
prominent member of Tammany Hall,
who succeeded Richard Croker as head
or mat organization. He Is widely
known as a shipbuilder.
News of Nixon's arrest caused great
surprise at Tale today. He is one of
me most popular men in college, a
member of the varsity crew squad, and
belongs to the Brezelius Society.
CHURCH WOMEN CONFER
33D SESSION OP PRESBYTERIAL SO.
CIETY HELD 1ST ALBANY.
Xenrly All Ckifkn of Seven Conn
leo of the Willamette Valley
Are Represented. '
ALBANY. Or, April 1. (Special.)
With splendid programmes and a large
attendance, the 23d annual meeting
of tho Willamette Presbyterlal Society
began in this city today for a two
days' session. This Bociety is com
posed of the women's organization of
the Presbyterian Churches of Lane,
Linn. Marlon. Yamhill, Polk, Benton
and Lincoln counties. Nearly all of
the churches In the entire district are
The conference opened this afternoon
in the First Presbyterian Church with
an organ solo by Miss Julia Crowell.
of this city. Mrs. J. V. Milligan. of
Portland, president of the North Pa
cific Board, led tne opening devotional
exercises. Mrs. H. M. Crooks, of
Albany, then welcomed the delegates
and Mrs. W. S. McCullagh. of Lebanon,
The annual reports of the secre
taries of tie Various departments or
the society were then presented as
follows: Corresponding. Mrs. G. E.
Bicknell. of Turner; literature, Mrs.
J. H. Lewis, of Salem: mission study,
Mrs. H. N. Bouley, of Jefferson; mis
sionary extension. Mrs. H. B. Arm
strong, of McMinnville; box work. Mrs.
C. H. Sedgwick, of Creswell; bands
and juniors, Mrs. V. L. Holt, of Eugene;
Westminster Guild. Mrs. J. Muhr of
Eugene; Y. P. S. C. E, Miss Gertrude
Eakin, of Salem.
Mrs. M. H. Whitby, of Corvallis,
recording secretary, and Mrs. J. H.
Albert, of Salem, treasurer of the so
ciety, presented their annual reports.
Interspersed with the reports was a
vocal solo by Miss Rachel Pears, of
A dramatic entertainment, featuring
phases of missionary work. was
rendered tonight. An organ solo by
Miss Laura Taylor, Albany; a vocal
solo by Ray Cleaver, Albany, and sev
eral violin selections by Mrs. Juno
Reed. Corvallis, wire features of the
"Cindy's Chance" under tho direction
of Miss Elsie Bain, of Albany, and a
Twenty Christian Centuries pageant,
under the direction of Mrs. E. M.
Sharp, of Albany, were also rendered.
CUT AND RAILWAY TALK
HAS POWWOW AT CORVALLIS.
College Town Wuti Its PsTtac Prob
lem Aronnd Depot Solved Before
Beginning Summer's Work.
CORVALLIS. Or, April 1. (Special.)
F. L. Burkhalter, division superin
tendent of the Southern Pacific, came
to Corvallis yesterday, at the invita
tion of the Corvallis City Council, and
discussed with that body the question
of -street Improvement adjacent to
Southern Pacific and Corvallis & East
ern property. . The city will do consid
erable paving during the coming Sum
mer, including A and B street, one di
agonal to the other, and each terminat
ing near the Southern Pacific freight
The Southern .Pacific Company has
been asked to state Its attitude relative
to this paving. Superintendent Burk
halter asked that the matter be re
ferred to .the Railroad Commission,
adding, however, that it is the policy
of the Southern Pacific Company to be
neutral in the matter, neither opposing
nor favoring the joining of these
streets. The company was also asked
to replace the plank pavement and
to bring all tracks to grade.
Superintendent Burkhalter also asked
for an extension of time in which his
company shall comply with the terms
of the street railway franchise as to
construction and beginning of operation.-
The company has but one month
in which to complete two miles of
streetcar lino and less than half of
the work has been done. No action
was taken relative to an extension, ex
cept that Mr. Burkhalter was asked
to present to the .City Council a con
crete statement of what the company
will do and when, at which time the
Council will consider the extension. "
BROKERAGE CASE SETTLED
Opinion of Judge Gatens Reversed by
SALEM. Or, April l. (SpeciaL)
Mere introduction of a purchaser to an
owner is not sufficient to bind th
owner to pay the broker a commission
should a bale be consummated, the Su
preme Court held today in reversing
decision by Circuit Judge Gatens ren
dered last July.
In a suit by A. A. Cunningham
against J. C. Friendly, Cunningham
claimed he had earned a commission
by introducing Dr.' A. E. Rockey. a
prospective purchaser, to Friendly. Dr.
Rockey said at tho time that he would
purchase the property in question and
paid $1000 down.
The case has been in the courts for
nearly a year and Its outcome has be'sn
of Interest especially to members of
me Portland Realty Board.
Other opinions today were:
3aretson-HfUon Lnmbfr Company, ap
pellant, va. W. B. lllnion: appealed from
Multnomah: an action for money. affirmed.
L. P. Hewitt vs. Crayton 8. Andmrayrt
at, appellants: appealed from Mullnonrah;
suit on promlaaory note, affirmed.
Maxwell Land Irrigation Company, ap
pellant, vs. Herfnlaton Bank A Trust Com
pany; appealed from Vmutilla; suit to set
aside a trust deed, affirmed. . '
Harvey Kellogr: vs. Frank ' H. Ford, ap
pellant; appealed from Marion; action for
malicious prosecution, reversed.
J. B. Elwert. appellant, va. Willis Reld.
et aL: appealed from Multnomah; suit to
set aside a deed, affirmed.
HALIBUT TO BE CAUGHT
TWO COMPANIES FORMED TO FISH
BANKS OFF KEWPORT.
Several Other Concerns ana Persona
Hare Boats Ready or Plan to Esjnlp
- Them for Operations.
NEWPORT. Or, April 1. (Special.)
The halibut industry on the newly
discovered banks lying off Newport
soon will be developed to the fullest
extent. Two corporations are almost
ready to commence catching fish. The
Government steamer Albatross will
survey the banks this month and the
fishing will take place immediately af
terward. M. Maiden, of the Newport ice plant,
has formed a company which has
raised $40,000 to buy a fishing schooner,
which will be equipped with six dories.
George Henderson, of Tillamook,
who owns an Ice plant at Pacific City,
and D. P. Simons, a lumberman of
Seattle, have investigated the Industry
and announced yesterday that they
would have a schooner Ashing on the
banks in May. They are prepared to
buy all the fish caught by the smaller
Tho Wachamlth Fish Company, of
roruana, win nave its boat in opera
tion as soon as the- bar is smooth
enough to permit small vessels to go
outside. There are several other
boats. Including the Fish, commanded
by Captain Dolbeare. and the Pilgrim,
commanded by Captain Colver, ready to
CEMETERY SOON 'REALITY
Vancouver Burial Ground Surrering
Work I Begun.
VANCOUVER, Wash., April 1. (Spe
cial.) A cemetery for the city of Van
couver Is becoming a reality. Survey
ing of the Adams tract, east of the city,
has begun. The city of Vancouver owns
54 acres in this tract. Ten acres will
be cleared free of charge by Mr. Adams,
wno neia tne land In trust for a time.
The remainder of the tract, -about 44
acres. Is to be put Into a city park for
use of the city.
A committee has been appointed by
the Council to look over the tract and
pick out the most suitable 10 acres for
cemetery purposes. It Is proposed to
nave a pipeline put In. striking the
main of the city water supply, and have
the water pumped from that level to
a tank In the proposed cemetery.
DAIRIES BEING INSPECTED
Oregon Joins Washington In Clarke
County Milk Probe.
VANCOUVER, Wash, 'April 1. (Spe
ciaL) The dairies of Clarke County are
being inspected by W. T. Bowman.
State Dairy Inspector, assisted by Dr.
Brown, local Inspector. All dairies sup
plying milk and cream to Portland have
been Inspected. C. R. Davis, of Portland
employed by Oregon, assisting in this
When near Hocktnson. Mr. Bowman
found alfalfa that had already grown
12 Inches this year, and some Winter
rye was three feet In height, though
this- Is in March.
FLOUR MILLS CHARTERED
Two Astoria Concerns Kile Articles
With Large Capitalization.
ASTORIA. Or, April 1. (Special.)
Articles of Incorporation of the As
toria Flouring Mills Company were
filed in the County Clerk's office this
afternoon. The Incorporators are: E.
L, Smith. Ede-ar W. Smith and C. B.
The record of its cures and
benefits reads like a revelation td
those hitherto unacquainted with
it. It is used by means of the "J.
B. L. Cascade" (the only scien
tific appliance for this purpose).
A book has been published on
this subject entitled ""Why Man
of Today Is Only 50 Per Cent
Efficient." Copy will be handed
to you if you will call and ask for
it at "Woodard, Clarke & Co.. Al-
der and "West Park Sts., Portland.
in Oregon and
151-153 Tourtta St.
SI ill I I 11 -Tj
on this beautiful in -room TjATT-
RELIIURST home directly across
me street irom the old (J. K. Hen
Built by one of the hisrhest-class
builders in the city and finished in
an elaborate and artistic manner.
Everything in. Price $S300. bal
ance easy terms.
Phone Main 1503, A 1513, Auto
PAUL. C. MURPHY,
Vice-President ana Sales Agent for
Tne Addition of Beautiful Homes.
Stout. The capital stock Is $100,000.
divided into shares of $100 each and
the object of the company Is to op
erate flour mills In Astoria.
Articles of Incorporation ot Mc
Gregor & Malone, Incorporated, wers
also filed today. The incorporators
are: W. F. McGregor and W. F. O'Brien,
of this city, and P. F. Malone, of Rose
burg. Wash. The capital stock is
flS.000. and the object of the com
pany is to operate logging camps.
ARMY DRILLS OUTDOORS
Colonel Young Issues Orders for
Season's Work Four Times Weekly.
VANCOUVER BARRACKS. Wash.,
April 1. (Special.) Outdoor drilling
season in the post began today in the
post. Colonel George 8. Young, post
commander, having issued this order.
Four times during the week drills will
be held in the afternoon at 5:30 o'clock.
Other forms of outdoor work also
will begin tomorrow and continue
through the Spring and Summer. This
will Include target practice, short prac
tice marches out Into the country from
the post, building bridges and cooking
meals In the field.
Plans for the biennial maneuvers
have not yet been made known, but
from what Information has reached
here from the headquarters of the
Western Department at San Fran
cisco, two big maneuver camps will
be held on the Pacific Coast this year
one in California near San Francisco,
and the other possibly in the vicinity of
RIVER BARGE HAULS GRAIN
New Astoria Mills Ship Grain Irom
Portland to Save Kail Rate.
ASTORIA. Or, April 1. (Special.)
The first shipment of wheat, consist
ing of about 600! tons, arrived today
for the Astoria Flouring Mills Com
pany's new plant. On account of the
railroad freight rates, this wheat was
THE GASOLINE, OF QUALITY
Not a "mixture," but a straight distilled
refinery product the best gasoline the
Standard Oil Company can make.
JDealers everywhere. Ask. our nearest
agency regarding bulk delivery.
Standard Oil Company
Your Easter T
Suit Is Here,
All ready for you to
slip into the f most
ready - for - service
Clothes that Amer
A multitude of the
and colorings. Men
of every taste in
every walk of life
will find just the
right Suit in our im-'
R. B. Fashion
Why not drop in today, and
try on a few of the new
Spring Suits before our big
A veritable exposition
of fine Clothes at $20,
$25, $30 and upwards.
Especially large selec
tion at $25.00.
Wtnderful how a new Hat
acts as a tonic to a man's at
tire ! Our Hat Store is brim
ming over with everything
that's new. Sole agency for
Dunlap Hats $5.00
Brewer Hats $3.00
Morrison, at Fourth.
brought from Portland on a barge and
on Friday a second shipment is to be
brought by steamer from The Dalles.
The new mill will be ready for op
eration soon after the middle of the
imjt . --.-722:
iffeg v. . ,;iv;