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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (June 13, 1914)
9 JOB LONG HELD FOR NTGOMBS 15 FILLED ILLINOIS' EX-SENATOR AT HEAD OF FOUR CHICAGO BANKS CLOSED BY STATE OFFICIAL. Visit the Balcony Book Shop Every Book That Is Fit to Read CHICAGO SUSPEND ' cJ Merchandise- of.cMeritOn!' TTTE MORNING OREGONIAN, ' SATURDAY, JUNE 13, 1914. LORIHIER BANKS ' - State Bank Examiner Orders Closing After "Mild Run" Lasting Three Weeks.: DEPOSITS ARE $6,411,997 Reopening Next Week Predicted by Official "Slow Assets" Discov ered Recently Political ' Phase la Denied. CHICAGO. June 12 Four state banks in Chicago, with aggregate de posits of $6,411,977. and reported cash means of $1,434,692, were taken charge of today by- the state banking depart ment, which closed the bank doors and began examination of the banks' 'af fairs. The four were the J.a Salle Street Trust & . Savings Bank, the Broadway State Bank, the Illinois State Bank and the Ashland-Twelf th State Bank, known in financial circles as the Lorl-mer-Munday chain of banks. -The La Salle Street Trust & Savings Bank, the president of which is Wil liam Lorimer, unseated from the United States Senate, was the main institu tion, the three others being outlying banks whose balances and reserves were carried to a great extent by the La Salle Street Bank. Political Phase Denied. - Chief Bank Examiner Harkin said tonight he expected to see the La Salle Street Trust & Savings Bank open for business next week. He declared that he sent examiners to the smaller in stitutions as precautionary measures. Me insisted there was no political phase in the closing of the banks. . An examination of the La Salle Street Trust & Savings Bank by Harkin two months ago disclosed, he said, a quantity of what he regarded as slow assets. The bank officials are said by state officials to have pleaded for a little time in which to change that con dition. In the last three weeks, according to Examiner Harkin and the cashier of the bank, there had been what was termed a "mild run" on the bank, causing a depletion of about $1,000,000 in deposits. William Lorimer, president, and C. B. Munday, vice-president, of the La Salle Street Bank, refused to comment on the situation. ' s Banking Circles Stirred. The closing of the four banks created g1 ip In t n 1- n a "i ml a a James B. Forgan, president of the First National Bank and chairman of the Clearing-house committee, said: "The closing of the La Salle-Street Trust & Savings Bank should not have the slightest effect on any other banks in the Chicago district. The banks wh.ch have closed their doors are not associated With any other downtown banks. The La Salle-Street Trust & Savings Bank is not a member of the Clearing-House Association and has had none of the privileges of the Clearing-house." State Auditor James J. Brady, in Springfield, declared that the action was authorized by him. If the chief exam iner found conditions which warranted the action. Receivership Humors Current. In spite of the sanguine view of 'Ex aminer Harkin rumors of expected ap plication for a receiver for the banks were current. No detailed statement of the amount of assets and liabilities found by . the examiner was made today. The funds of the City of Chicago on deposit in the four banks total nearly $1,UOO,000, but are said to be amply pro tected by bonds. Bank In Politics, Is Charge. Mr. Munday was named among other defendants in two recent court actions, the suit filed by John II. Coyne against James J. Brady, State Auditor, and an application for a receiver on May 22 by the minority stockholders of the Kosehill Cemetery Company. In the Coyne suit it was alleged that Brady, Mundy and C. E. Ward, secre tary of Lorimer, had maliciously ' de vised a scheme to remove Coyne as a bank examiner. It is charged in part that "The La Salle-Street Trust & Sav ings Bank, by C. M. Munday, vice-president, made a $2500 contribution to some unknown person who delivered the same to James J. Brady, and that fol lowing Brady's election the bank made a further contribution of $500 to the defendant, in consideration of which they were to be allowed to name cer tain employes in the State Auditor's office, and especially procure the retain ing of L. L. Bacchus, chief of the bank ing and loan department of that office." Loans to Bank Charged. In the Rosehill Cemetery case . the application for a receiver charged that Munday, treasurer of, the company; John K. Seagrave, director ol the cem etery company and chief clerk in the office of the State Auditor, and- others had caused a diversion of the assets of the company. In the application It was charged that loans amounting to $230,416 had been made to the La Salle-Street Trust & Savings Bank from the funds of the company, while securities har been pur. chi-ed from the bank at an excessive price. $237,795 being used for this pur pose. ARMY REAL "HANDY MAN" Tornado, Floods and Strike Com mand Service, as Well as War. WEST POINT. N. T.. June 12. Sec retary of War Garrison, in referring to the Mexican situation in an address to the graduating class of the United States Military Academy today, praised the conduct of the Army at Vera Cruz. "Ours is an Army ready for action; a fighting force if fighting is neces sary, but at all times a body of strong. calm, resourcerui, seir-restratned men doing things in a fine way," he said. "The American Army has become the all-around "handy man' of the Govern inent," he continued, in commenting on the service given during the Omaha tornado, the Ohio floods ud the Colo rado mine strike. 1 - x : if.'.- vfftw v . -: o v VX ' !-fl-liifSiSSiii:i "'-?X-v- "; ' " it v -4 -. v .v5 WILLIAM LORIMER. President Names Representa tive Sharp, of Ohio, Am bassador to France. HERRICK TO BE RETIRED TRUST BILL SHAPED Senate Will Get First Look at Proposal Today. DEBATE MAY BE RUSHED T. H. G00DMANDIES AT 83 'Original Traffic Man," Well Known Through West, Succumbs to Age. SAN FRANCISCO. June 12. T. H. Goodman, general passenger agent of the southern Pacific from its pioneer days until his retirement in 1905 on pension, died last night, it was learned today, of a general decline at the Gen ei-al Hospital. He was 83 years old. Mr. Goodman was one of the best known railroad men in the West and waa sometimes called "the original traffic man." His connection with the Southern Pa cific dated from 1868. Interstate Commerce Committee Puts Finishing Touches on Meas ure and as Amended Will Go Before the Upper House. WASHINGTON, June 12- The Sen ate probably will get its first look to morrow at the sort of trust legislation the interstate commerce committee wishes to see it act on. Th commit tee today put finishing touches on its Federal trade commission bill, a sub stitute for the measure on like lines recently passed by the House. Chairman Newlands probably will lay the bill as amended today before the Senate tomorrow and will seek to have it made the unfinished business. If the Senate agrees it may jump into the middle of a debate on trust regulation next week. The action of the Senate committee in substituting its own bill for one uponwhlch the House and a House committee spent many weeks will not tend to shorten the discussion in the Senate or advance the hope of adjournment in July. Although they are drawn on similar lines, there are material differences in the two bills, which were added to by today's amendments. One amendment regarded as peculiarly subject to Sen ate discussion provides that "unfair competition in commerce Is hereby de clared to be unlawful." It would em power the trade commission to prevent such unfair methods of competition. Another amendment would authorize the commission "to investigate foreign trade conditions to see whether Amer ican exporters have combined among themselves or with foreigners to con trol prices abroad." An amendment to be taken up early tomorrow would make unfair competi tion unlawful between pipe lines carry ing oil and gas in interstate commerce. PARK ALLOWANCE IS GUT house: committee scrimps MAKING APPROPRIATIONS. IN Glacier Park, in Montana, However, In State Represented by Democrats, la Not Forgotten. OREGONIAN NEWS BUREAU, Wash ington, June 12. Because of the de pleted condition of the Treasury, re sulting from the Underwood tariff law, the House appropriations committee cut heavily into the appropriations carried by the sundry civil bill, and. as usual, started economizing on the Na tional parks. Representatives Hawley and Sinnott went before the appropria tions -committee some days before the bill was reported and urged an appro priation to carry forward road work in Crater Lake Park, pointing out tha tne parte win De a spot mucn sought by tourists next year on account of the San Francisco Exposition. The committee granted only (75,000, which is less than was appropriated last year and only one-tenth of the total cost of the road. It is evident that only a small part of the park can be opened to visitors next year. Mount Rainier Park, in Washington, fared even worse than Crater Lake, only $51,000 being allowed it, and Gla cier Park, in Montana, in a state repre sented by a, solid Democratic delega tion, received the same allowance as Crater Lake. - INCOME TAX DISAPPOINTS Receipts Exceed Ordinary Expenses by Only $30vOOO,HQ. WASHINGTON, June 12 Estimates by Secretary McAdoo tonight indicated that the Government income for the fiscal year ending June 30 will exceed ordinary expenses by about $30,000, 000. That is about $10,000,000 less than last year's surplus. Income tax returns have fallen far below original esti mates and failed to offset the expected decrease in tariff receipts under the new law, but the custom-houses turn in about $21,000,000 more than it was figured they would. Whatever surplus there is for the year will be absorbed by Panama Canal payments, as it was last year. Secretary McAdoo estimated that this year's ordinary receipts would aggregate $733,000,000 and the total ordinary disbursements $703,000,000. Total receipts for the last fiscal year were $723,782,921, with ordinary dis bursements of $683,699,692. Future Diplomat Is Lawyer and Manufacturer Appointment Adds to Long List "of Members of House to Be Honored. WASHINGTON, June 12. President Wilson chose Representative William Graves Sharp, of Elyria, O., today to be Ambassador to France, and sent his (-nomination to the Senate. Mr. Sharp, a Democrat, will succeed Myron T. Her rick, of Cleveland, an ex-Republican Governor of Ohio, and the last of the Ambassadors holding over from the Taf t Administration. The post to Which Representative Sharp has been appointed became the center of speculation the day President Wilson was inaugurated, when it be came known It had been offered to William F. McCombs, chairman of the Democratic National Committee. Place Lou ST Held for McComna. Mr. McCombs was not prepared to decide whether he cared to give up his place as head of the National Commit tee or give up his business in the United States and go abroad. For more than a. year President Wilson held the appointment open to him. When Mr. McCombs . decided not to take the Paris post, it was said Secre tary McAdoo was being considered. Mr. Sharp is 55 years old. a lawyer by profession and later a manufacturer. The present session of Congress is his third term. His selection for one of the most Important posts in the diplomatic service recalls that President Wilson has found men in the House of Repre sentatives for many Important offices. Members of House Rewarded. Among his recent appointments have been those of Representative Coving ton, of Maryland, to be Chief Justice of the District of Columbia Supreme Court; Representative Kinkaid. of New Jersey, as postmaster at Jersey City; Representative Murray, of Massachu setts, postmaster at Boston; Repre sentative Francis Burton Harrison to be Governor-General of the Philippines; Representative Clayton, of Alabama, to be a Federal District Judge, an 1- Rep resentative John W. Davis, of West Virginia, to be Solicitor-General of the United States. Postmaster - General Burleson was serving as a Representative from Texas, and Secretary Redfield was rep resenting a New York district in the House when President Wilson chose them for the Cabinet. SECOND PLOT UNCOVERED Cunard Line Blackmailer Also Said to Have Tried New Haven. NEW YORK, June 12 While ar rangements were in progress today for the extradition to this city of Henry Wescott. a young negro, arrested last night near Bogota, N. J.,"charged with attempting to obtain $10,000 under threats of blowing up a Cunard steamer with dynamite, city detectives contin ued their investigations in the belief that Wescott, or Joseph Burton, as he later admitted his name to be, had the aid of one or more confederates. The police learned today that Bur ton, or Wescott, had written a letter of a similar nature to the New York, New Haven & Hartford Railroad. In this letter the negro demanded. $35,000, threatening to wreck one of Its fast passenger trains. WILSON-TO SEE OLD MATES President Will Attend '7 9 Princeton Class Celebration. WASHINGTON. June 12. Leaving the cares of office behind him for a day. President Wilson will go to Princeton tomorrow to join with the other "old graduates" of the class of '79 in cele brating their 35th graduation anni versary. The day will be devoted to Princeton -celebrations, including a lunch and dinner ' of the President's class and the baseball game with Yale. The President plans to return to Washington early Sunday morning, to speak at a flag day celebration at the state, war and navy building on Monday. Mrs. Barbara Brace Is Dead. OBJEGON CITY, Or., June 12. (Spe cial.) Mrs. Barbara Bruce, aged 74 years, died at her home on Tenth and Division streets this morning after an illness of several weeks. The funeral will be held at 2 -o'clock tomorrow afternoon at the Elyville Church and burial will be in the Mountain View Cemetery. Mrs. Bruce was born in New York 'and came to Oregon when a child. Her husband has been dead some time, but several children sur vive her. RISE AND FALL OF "WILLIAM LORIMER. Cooke. April 27, born in Manchester, Knsland. Came to America with parents. Came to Chicago and became newsboy. Started to learn slgnpalnter'a trade as apprentice. Worked aa delivery boy for a laundry. Entered real estate office. " Became streetcar conductor on West division lines. Went to work for a packing house. Organized "Seventh-Ward Bepubiican Club with John A. Became George R. Davies lieutenant. Defeated for County Clerk. Made superintendent of city water department. Ran for Circuit Court Clerk and was defeated. Started brick -and contracting business with Alderman Murphy. Became Representative In Congress from Second District. Became Republican dictator of Chicago politics. Tried for United States Senatorahlp. bat was defeated by William Mason. 1903. Re-elected to Congress. Elected to United States Senate after legislative deadlock. Established the La Salle-atreet National Bank. Expelled from Senate following sensational, charges of bribery. Reorganized La Salle-street National Bank' Into state institution. Disaster. 1861. 1866. 1870. 18T1. 1872. 1873. 1SS1. 1882. 1883. 1884. 1890. 1891. 1802. 1892. 1894. 189S. 1896. E. 1909. 1910. 1912. 1912. 1914. NEW YORK OFF AIR MAP NEW ROUTE FOR AEROPLANE RACE IS FAVORED. From Chicago Through Great Lakes and Up Coast of Labrador la Rated aa More Feasible. NEW YORK. June 12. (Special.) New York probably will be left out of the aeroplane race around the world that is being organized to start from the Panama-Pacific Exposition grounds in ban irrancisco in May, 191e. It had been Intended originally to make New York one of the principal control points, where the entrant would have to pass. Arnold Kruckman, director of aero nautics of the exposition, arrived in New York tonight. He has been over the course of the proposed new route from Chicago through the Great Lakes and St. Lawrence River up the coast of Labrador. He considers that route more feasible than the New York route. In Labrador Kruckman arranged with Captain J. E. Bernier, of the Canadian Revenue Service, to leave July 15 on a 14 months' voyage to de posit gasoline and supplies at hunting and fishing stations along the Labra dor and Greenland coasts. Aeroplanes will1 cross from Labrador to Greenland from Hamilton Inlet to Evintude, 400 miles. Evintude is a settlement of about 300 Americans employed in han dling salt from the Eryolite mines. BURGLARY CHARGE MADE TECHNICAL OWNERSHIP OF" STOCK DOES NOT SAVE. Jewelers Employe Repeats Confession and Property, Except That Given to Woman, la Recovered. SAN FRANCISCO. June 12. Joseph Flschler, an employe charged with bur glary of 130,000 in jewelry and cash from the Samuels Jewelry Company Tuesday night and arrested in Santa Cruz last night, was brought here to night by detectives and is now in the city jail. Flschler repeated in detail a confession made yesterday. A burglary warrant against Flsch ler was not served until late tonight because the police were told that he owned a share of stock in the company. After they learned that the share had not been bought by Fischler and was only technically in his name they de cided to lodge the burglary charge, and on that charge he will be arraigned probably tomorrow in the police court. Practically all the jewelry and money taken by Fischler has been restored except the small diamonds and pearl necklaces he gave to Mrs. Corinne Houston, whom he entertained in cafes and automoblling after the robbery. Fischler today confirmed the report that he is a graduate of the University of Pennsylvania and son of Mrs. Her man Fischler, of 1316 North Twelfth street, Philadelphia, a widow whose husband for 12 years was publisher of the Philadelphia Democrat. NEGLECT, OF LABOR ERROR Secretary turers Redfield Overlook Says ManufaC' Big Factor. PHILADELPHIA, June 12. Manu facturers are neglecting the most im portant factor in the whole problem of production the worker it was as sorted by William C. Redfield, Secre tary of Commerce, in an address read tonight at a banquet which brought to a close the second annual convention The Greatest Glove Sale of the Year Continuing Saturday With First Quality Gloves, All Fresh Stock, Perfect Fitting Satisfactory A glove safe that is REMARKABLE FROM EVERY STANDPOINT. In it you will find only the best and most reputable makes gloves of standard quality, perfect fitting, fresh selected skins. OUR Glove Store cannot jeopardize its good repu tation by offering odds and ends, old stock and inferior gloves of any kind. HEREIN LIES THE DIFFER. ENCE IN OUR GLOVE SALES FROM MANY OTHERS. Following is a list of the gloves on sale, in each in stance at radical reductions: Ji. AH $1.25 DoesUin Gloves 95c One-clasp guaranteed washable' doeskin gloves, pique sewn and Paris point stitched. A glove of very soft, pliable quality. $2.50 L. Kid GWs $1.95 12 and 1 6-button-length kid gloves, glace finish, of especially selected stock, in white only. All sizes. 5J to 7. $4.00 Kid Gloves $2.98 Real kid, 1 6 - button - length gloves direct from France, made of the finest stock overseam sewn, with three-pearl clasps at wrist. $3 Doeskin Gloves $2.23 1 6 - button - length guaranteed washable doeskin gloves, suitable i for both dress and outing wear. Best doeskin glove in Portland. $1.25 Kid Gloves 98c Real kid gloves, made of light weight, flexible stock, in two-clasp style, overseam sewn. Paris point stitched backs. In white and tan shades. $1.50 Kid Gloves $1.22 Two-clasp real kid gloves, with heavy embroidered backs in con trasting colors. Come in white only. $1.50 DoeskinGloves $ 1 .22 Washable doeskin gloves, made from selected stock, pique sewn, with three rows of embroidery on backs. In white only. Lambskin Gloves $1.29 Selected lambskin gloves, with one clasp at wrist and fancy em broidered backs in self and con trasting shades. In black, white, tan. gTay and champagne shades. $1.00 Silk Gloves 79c 1 6-button-length fine quality silk gloves with double finger tips. In white and black. Kirst Floor A.i Extraordinary Sale Misses' . Girls' ummer Ttilb Dresses and Suits Liberally Lowered From Their K.egvalar Prices For Girls From 13 to 18 Years New Novelty $16.50 Challie Dresses for $9.95 Fancy figured and striped challie dresses in tan, rose, Copenhagen and navy. Fashioned in a very charming style with cascade and collar of net piped in plain colors and net sleeves, wide satin or velvet girdles and three-tier skirt. Also a few attractive models of messaline silks in grays, taupes and wine shades, with net trimmings or contrasting pipings and fancy net vests and pleatings. $8.50 Dresses of Plain or Novelty Crepes for $4.95 Dainty corded or plain crepe dresses with vests of contrasting colored satin and pearl button trimming. Newest kimono cut waists with undersleeves of net and lawn cuffs. The skirts show the deep Russian tunic These come in white over which are printed dainty colored designs. The Smartest and Newest $12.50 to $14.00 Linen and Ratine Suits Saturday for $11.45 They have just arrived and. because of the June White Sale, we have marked them at most unusual reduced prices, thereby affording young girls an opportunity to invest in at least one of the very newest tub suits for Summer wear. Those of linen are shown in white, green or tango shade. The dresses of ratine have coats of black and white check and plain white skirts. The jackets are modeled in the latest strap styles and flare ruffles, or with pleated backs and yoke effects. New pointed collars, button trimmings. The skirts have the deep tunics. For Girls From 6 to 14 Years $1.75 to $3.00 Wash Dresses, Very Special $1.29 These are excellent dresses from style and quality standpoint. Of striped gingham, percales and fancy crash. Made in waisted styles with low loose belts and stitched belts. Large collars or embroi dered revers. pique vests, plain colored bandings of percale or poplins, and pearl or fancy button trimmings. Girls' Dresses Selling to $8.50, Special $2.69 Of fine white and colored poplins and piques, fine ginghams, dainty crepes and chambrays, also linens. New novelty styles, with low belts, pleats over the shoulders or fine tucks; some have scalloped edges, others hand-embroidered. Bolero effects, or vests trimmed with embroidery and lace. Crepes in dainty flowered patterns with satin girdles and lace trimmings and buttons; also striped lawn frocks with vests of crepe and pipings, lace trimmed. For Children From 2 to 6 Years 85c Wash Dresses 59c $1.25, $1.50 Wash Dresses 98c A most attractive lot of children's dresses of such splendid materials as ginghams, chambrays and some crepes. Straight or waisted styles, trimmed with touches of contrasting materials, or embroidery, also pique; kimono or set-in sleeves, loose or stitched belts. Fourth Floor of th National Association of Corpor ation Schools. Secretary Redfield said that Congress should place S200.000 a year at the dis posal of a Federal board to study and report on the problem in every industry and trade in the United States. Until such Investigation is made by the Gov ernment, he said, the manufacturers should study the problem themselves from a scientific and humanitarian viewpoint. GREECE MAKES DEMANDS Persecution by Turks Must Cease, Porto Will Be Told. LONDON. June 13. The Dally Tele graph's naval correspondent suggests ti.at the real reason for the attitude of Greece against Turkey is a desire to secure mastery of the Aejrean Sea be fore the new Turkish dreadnoughts, building in England, 'arc ready for sea. The Daily Telegraph's Athens corre spondent says the Greek Minister in Constantinople has been instructed to demand the cessation of persecutions of Greeks in Asia Minor and the rein statement in their homes and on their properties of 50,000 refugees who sought shelter from the Turks In Greek terri tory. A guarantee also is demanded, according to the correspondent, that thes. refugees be not again mo'ested. The reported attack by Turkish reg ulars and a force of Bashi-Bazouks on the town of Alvallk, Asia Mlnir, is de nied. It is said that instructions from Constantinople to the Turkish troops arrived in time to prevent the attack. Mays to Get Shingle Mill. CHEHALIS, Wash., June 13. (Spe cial.) C. A. and J. C. Butler, of Bal lard, have secured a site and will at once erect sv shingle mill at the new town of Mays, 12 miles west of ChehaUs on the Northern Pacific and Milwau kee's new branch. The mill will have a daily capacity of 90,000 shingles. Tnpn has KOOO ml!n of steam railroad. Analysis First This Is equivalent to saying "Safe ty First" to the manufacturer of an article of National distribution. Many advertising campaigns have been failures because they have been started without proper knowledge of conditions. The daily newspapers are always willing to advise with advertisers about conditions in their locality. It is to the newspaper's Interest to make advertising pay.