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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Oct. 7, 1914)
TITE aiORXiyp OREGOXIAX, WEDXESDAT, OCTOBER 7. 1914. reOOSAYSPEOPLE SHOULD !!0I HOARD Practice by Individuals De clared as Reprehensible as . on Part of Banks. BUSINESS CONDITIONS GOOD Secretary Sees Xo Reason Why De posits Should Not Be Made in Regular Way Kates on In terest Nearer Normal. "WASHINGTON. Oct. 6. "There is evidence in some quarters that indi viduals and corporations are hoarding money. It is just as reprehensible for them to io so as it is for the banks," declared Secretary McAdoo of the Treasury Department, in a- statement Issued tonight. "There is no reason," he continued, "'why people should not deposit money In the banks in the usual way and with absolute confidence and there is no rea son why business should not be con ducted in a normal way." Bank Rates Reviewed. The statement says the following rates have been charged by banks, ex cept in exceptional cases: "In New York nearly all the loans to correspondents were made at the uniform rate of 6 per cent. "In Chicago the prevailing rate charged to bank correspondents was 7 per cent, although on many loans a lower rate was charged. "In St. Louis, while the maximum rate to bank correspondents was '8 per cent, the prevailing rates were 6 and 7 per cent. In a few cases loans were being made at lower rates. "In Boston 7.3 per cent was charged In a few cases, although the prevailing rate was 6 per cent. "In Philadelphia the National banks as far as heard from report no loans to bank correspondents in excess of 6 per cent. Disposition Is More Liberal. The statement announced that no more lists of banks carrying excessive reserves will be made public for the present, because there is evidence that a more liberal disposition is being manifested. "I have a long list of banks," it goes on. "which are holding excessive re serves, and I shall not hesitate to pub lish It. "In a number of places which have been brought to my notice, the interest rate has been put up arbitrarily by the concerted action of the banks. There is no justification for high in terest rates. There is no real reason lor tight money in this country." JORDAN BLAMES KAISER CHAXCBLLOR CALLS PRESENT WAR ABOMINABLE THING. Only Solution Is Democracy; Worst Feature Violation of Belgium's Neu trality, Says Educator. STANFORD UNIVERSITY, Cal., Oct. David Starr Jordan, chancellor of Stanford University, returned to the campus today from an extended trip to Europe. Terming the European con flict as "the most abominable thing that has happened in civilization," Dr. Jordan said in speaking of the situa tion: "The time is not ripe for peace to descend on Europe. I believe that eventually the war will be brought to a close through the good offices of the United States, but the work of peace committees at present is premature. "The financial question is one which I believe will be answered by peace, but unless the warring nations are dis armed I am afraid the answer will be a long time coming. "England seems best prepared for a long campaign. This from the fact that $600,000,000 was expended to prevent financial panic before a single man was sent to the front. "Personally, I hold the German Em peror responsible for the terrible war, whose only solution is democracy and whose worst feature, in my opinion, has been the violation of Belgium's neutrality." PANAMA REJECTS AWARD .More Favorable Terms to Be Sought Directly From Costa Rica. PANAMA, Oct. "iT-According to in formation received in authoritative quarters, the National Assembly, last night, in a secret session, voted to re ject the award of Edward D. White, Chief Justice of the Supreme Court of the United States, in he boundary dis pute between Panama and Costa Rica. It is understood that the assembly directed Foreign Minister Le Fevre to open negotiations with Costa Rica in an effort to obtain a more favorable permanent boundary. It is reported that tne assembly was influenced by a cablegram from the Panama Legation In Washington. If there was any such communication, the text has not been given out here. The Costa Rican award is attracting much local attention. El Diarlo, the government organ, has attacked Justice "White's decision, arguing that he went beyond the powers conferred on him by the arbitration treaties. VOCAL TEACHER DEAD K. Clark, Nephew of Vancouver Man, Passes Away in Berlin,, VANCOUVER, Wash.. Oct. 6. (Spe cial.) That Frank King Clark, a noted vocal teacher of Europe and a nephew of K. R. Schofield. of Vancouver, had died Sunday in Berlin of cerebral men ingitis, was received here today by cable. Mr. Clark was born at Fort Steilacoom, Wash., in February, 1S71. and when a young man visited his uncle here numerous times. About 20 years ago he developed a wonderful voice, studying in New York, Chicago and Paris, achieving unusual success. ' Leaving grand opera singing 12 years ago, he went to Berlin and be gan teaching. Professor Clark leaves two sisters in Portland. Mrs. Alice Hewitt and Mrs. William Rider. SOPHOMORES ARE DOUSED California Students Fight When Freshmen Daub Sacred Steps. UNIVERSITY OF CALIFORNIA. Berkeley, Oct. 6. (Special.) First and second-year men fought with fists and firehose Sunday. North Hall steps are sacred to the sophomore class and no freshman ever stepped on them and escaped un punished. Saturday night freshmen painted a big, glaring 18 on North Hall steps. In the morning the alarm was given and the sophomores tried to make the freshmen repair the mis chief. Freshmen met the sophomores in front of East Hall and the sopho mores tried to drag a freshman to Chem Pond, the traditional ducking place. Juniors encouraged the Fresh men, and then began a free-for-all fight, which the seniors finally stopped. In the meantime sophomores had captured stray freshmen and put them to work scrubbing the steps. Fresh men then took the fire hose from the North Hall walls and a three-inch stream swept the sophomores off their feet. Outnumbered, the first -. and third year men finally gave way, and the battered and soaked sophomores held the fort. i BILL SETTLED COAL LAND CLAIMANTS SOT TO GET PREFERENCE. Adjudication by Land Office Is Pro vided War Tax and Trust Bills Only Remain. WASHINGTON, Oct. 6. Final agree ment was reached today in conference between the House and Senate on the Alaska coal land leasing bill, designed to open up the coal resources of Alas ka. The conference report eliminated Senate amendments which would have given claimants to these coal lands preferential rights. It retained most of the House bill provisions. The con ferees adopted the Senate amendment to appropriate $100,000 for surveys and other work and agreed to make grant ing) of leases discretionary with the Secretary of the Interior, instead of mandatory. The bill, with the war revenue meas ure and the Clayton anti-trust bill con ference report, will complete the leg islative programme outlined by Presi dent Wilson to be put through before adjournment. The House will vote to morrow on the Clayton bill report after live nours debate. Alaska bill conferees struck out the maximum limitation of 5 cents a ton royalty contained In the bill because the measure appropriating S3 5.000.000 to build a Government railway in Alas ka provides that proceeds from the sale or lease of public lands, mineral or timber, shall be used to reimburse the Government for its expenditure on the railway project. They also inserted a requirement that pending coal land claims in Alaska be adjudicated by the General Land Office within one year and struck out pro visions which would have transferred these claims from the Interior Depart ment to the district courts of Alaska. VVATTERSOH GALL TO CLOSE INCIDENT Louisville Editor to Follow Ex ample of Mr. Harvey in Interest of Harmony. CABINET TALKS POLITICS PAY LAW STATUS ASKED OREGON MIXIMUM WAGE ACT UP TO HIGHEST COURT, Portland Employer and Employe I rge Prompt Consideration of Constitutionality. WASHINGTON, Oct. 6. The consti tutionality of minimum "wage legisla tion on behalf of women recently adopted in several states will be deter mined quickly if the Supreme Court acts favorably Tuesday on a request for early consideration of the case testing the validity of the Oregon min imum wage law. State officials, em ployers and employes in Oregon will join in asking the court for an imme diate decision, according to notice filed today. rf The case arose out of an effort by Frank C. Stetler, owner of a manufac turing establishment in Portland, Or., and. Elmira Simpson, one of his' em ployes, to enjoin the enforcement of the law. The law directed the Industrial Welfare Commission to determine the minimum wage on which women might live properly and healthfully and made it an offense for an employer to pay less than the amount so fixed by the Commission. California, Colorado, Massachusetts Minnesota, Nebraska, Utah, Washing ton and Wisconsin have enacted mini mum wage laws similar to the Oregon law and test cases are pending in sev eral states. BATTLESHIP JOBS LET LOWEST BIDDERS NAME PRICE IN EXCESS OF 7,0O0,000 EACH. New Jersey and Virginia Yards Win on Estimated Cost, but Many Experts Reach Too -High Figure. WASHINGTON, Oct. 6. The Newport News (Va.) Shipbuilding Company, at 7.115,000. and the New York Shipbuild ing Company, at Camden, N. J., at $7,175,000, were the lowest two bidders today for the construction of the two 32.000-ton battleships to be built for the Navy this year. As each concern bid for one ship only, each will re ceive a contract. The other bidders were the Fore River Shipbuilding Company of Quincy. Mass.. at 7.440,000. and the Cramp Shipbuilding Company of Philadelphia, at J7.625.000. The Brooklyn Navy-yard, already charged with the construction of one of the three battleships authorized by the last appropriation bill, consider ably underbid the lowest of the private bidders today, one of Its estimates being J6.992.850. This was, however, on the basis of a ship propelled by electrical machinery, like that installed on the collier Jupiter, constructed at the Mare Island Navy-Yard, and with that exception a novelty in marine construction. For a ship constructed strictly- in accordance with the depart ment's plans as to hull and machinery, the Brooklyn yard's estimate was J7, 155. 300. The lowest private bid today was about $100,000 less than the contract price of the dreadnought Pennsylvania, the largest battleship now under con struction, though the new vessels will exceed her dimensions by from 500 to 600 tons. GENERAL'S WOUNDS MEND Defender of Liege Still Suffers Ef fect of PoisonousGas. LONDON, Oct- 6. Miss Margaret Le man, daughter of General E. Leman. the defender of Liege, according to an Ostend dispatch to the Exchange Tel egraph Company, has received word that her father, who is now at Magde burg, has recovered from the wounds caused by shrapnel in the German bombardment. He still suffers, however, from the effects of Inhaling the poisoous gas given off the picrite of the shells. President and His Advisers Map Out Campaign in View of. Adjourn ment of Congress, Expect ed Xext Week. WASHINGTON, Oct. 6. President Wilson and his Cabinet gathered today as a political board of strategy and laid plans for the coming Congres sional campaign. It was one of the few times since the Wilson Administra tion came into office that little but politics has been considered at a Cabi net meeting. The session lasted more than two hours, with the entire Cabinet present. Itineraries of Cabinet members' cam paign tours were taken up and subjects to be discussed in campaign speeches were gone over. The President expects Congress to adjourn next week and immediately afterward the campaign will be ac tively begun. A letter to Majority Leader Underwood, of the House, ex pressing the President's gratification at the work accomplished and indors ing Democratic members for re-election will be the opening gun. Watterson Expected to Call. The fact that the United States is at peace while Europe is at war. the cur rency, tariff and conservation bills, and the handling by the President of the crisis following the outbreak of the European war are to be the princi pal points to be dwelt on by the Cabi net members. The President is making efforts to harmonize all party differences before the November elections. In this con nection it was reported In official cir cles that Henry Watterson. editor of the Louisville Courier-Journal, would follow the example of George Harvey and call at the White House to bring a final end to the incident which caused both men to withdraw their support of Mr. Wilson during the pre nomination campaign in 1912. There has been a friendly exchange of letters between the President and Mr. Watter son, it was officially declared. Wilson to Indorse Glynn. In New York several members of the Cabinet, including Secretary McAdoo, have already indorsed Governor Glynn tor re-election, and the President , will formally take the same action. Mr. Harvey has offered his services in the New York campaign and the President will consult him freely. There were many indications that the Administra tion would make extraordinary efforts toward Democratic success in New York. In Pennsylvania the President is do ing everything possible for the election of Representative Palmer as Senator and may go to Pittsburg to speak at a Young Men's Christian Association an niversary meeting at Mr. Palmer's in vitation, although he will not make a political speech. " Democratic Senators and Represent atives from the West are besieging the White House with requests that Secre tary Lane. and Secretary Houston tour their sections. Neither has mapped out an itinerary,, however. Secretary Bryan plans to leave to morrow night to speak in the Ohio campaign, at places to be determined by the Democratic Congressional com mittee. On Friday and Saturday he win speaa in Indiana, on Monday, Oc tober 19, the Secretary will start a campaign through Western Missouri, Kansas, Colorado, Wyoming and South Dakota and during the following week he will speak in North Dakota, Minne sota, AVisconsin, Iowa and Nebraska. DAHXMAX JOINS LOVE FEAST Omaha Mayor Says He, Too, Will Support President. OMAHA, Oct. 6 -Mayor J. Dahlman. for many years Democratic National committeeman for Nebraska, today voiced his approval of the action taken by Henry Watterson and Colonel George Harvey in assuring President Wilson of their support, despite pre-conven-tlon -opposition to Mr. Wilson's can didacy. Mayor Dahlman joined Mr. Watterson and Colonel Harvey in op posing President Wilson's nomination at Baltimore. The Mayor said tonight taht he was fully in accord with the- President's policies, and that he had so expressed himself -while in Washington recently and in addresses to meetings of Demo cratic adherents In this state. HEINZE GIVES HIS SIDE MISREPRESENTATION OF BASK STOCK. VALUE CHARGED. Ex-President of New York Mercantile National Bank Defends Self in Gonld Suit. NEW YORK. Oct. 6 F. Augustus Heinze took the stand in his own de fense in the Supreme Court today in the suit brought against him by Edwin Gould to recover the proceeds of prom issory notes aggregating $1,000,000 and interest, alleged to have been given by Heinze to Gould in payment for stock of the Mercantile National Bank of this city. Heinze contends he was induced to buy the stock through misrepresen tation of its value. Mr. Heinze testified that as an in ducement to purchase 000 shares of stock in the bank the presidency was offered him at a salary of $20,000 a year. He accepted, he said, but as he was president or director in 20 or 25 mining corporations in the West, he found little time to attend to duties in the Mercantile and turned them over to the vice-president. Miles O'Brien. He also declared his salary went to pay for the stock he bought. At no time, he added, did he examine the bank's assets or liabilities. Under cross-examination Heinze said he and Charles W. Morse controlled about 14,300 shares of the bank's stock. He said it was true that the deposits, which were $20,000,000 when he took the presidency, had dwindled to about $8,000,000 when he resigned in 1907. Asked why he resigned, he replied: "I was told to get out by the New York Clearing-House committee, and I got out." Portlander Pledges Alpha Delta. AMHERST. Mass.. Oct- 6 (Special.) Henry A. Ladd. of Portland, has been pledged a member of the Alpha Delta Phi Fraternity of Amherst College. l; I take pleasure in announcing to the men of A Style Exhibition . Stein-Bloch and Atterbury System Smart Clothes for Men L System Clothes for Young. Men Suits, Balmacaans, Overcoats for Fall and Winter M6re distinctive styles than ever More extended range of choice than ever View the artistic Style Exhibit along the entire Tvlorrison-street front Clothes for Young Men - Clothes for Men $20 to $40 $15 to $30 Main Floor Second Floor BEN SELLING Morrison Street at LEADING CLOTHIER Fourth Dunlap Hats $5 Brewer Hats $3 His? 3?i J1 : 1 &!WAAr. SEA GAINS SURPRISE Germans Amazed Over Their Cruisers' Varied Success. FALL EXPECTED AT FIRST Activity of live, Including Leipslg, Is Noted Particularly and Teu tons Are Reported as Aston 1 ished at Foe's Losses. BERLIN, . Oct. 6. (By Wireless.) Press matter derived from official German sources says: 4 "Surprise generally is expressed at the amazing activity of the German cruisers stationed abroad. Although it was generally expected that the vessels would fall easy victims to British warships within a fortnight after the declaration of war, Germans now are astonished to learn from re ports in the British and French press of the damage they, are doing to the merchant marine of the enemy. "The Goeben. Breslau. Emden, Karls ruhe and the Leipzig are the names of the German vessels whose successes have caused the liveliest satisfaction in Germany. In addition the cruis ers Scharnhorst and Gneisenau, sta tioned in the Pacific, are reported to have been busy in the vicinity of Ta hiti, Society Islands, where they suc ceeded in destroying the French gun boat Zelec. "The attempts of the powers com posing the triple entente to enforce the opening of the Dardanelles have failed. The Russian Ambassador at Constan tinople is described as being furious on account of the embargo placed on the exportation of Russian grain and on the importation of arms.' "The increased Turkish navy, it is expected, soon will be sailing in the Black Sea. The Turkish press is pub lishing attacks on England because of the suppression of the Khedival rlgLts in Egypt. "A neutral-correspondent behind the French front in the Department of the Marne estimates that the fugitive civilian population in Northern France numbers 10,000,000 and that these per sons are in great, distress." " 'I heartily thank you, Mr. President, for informing me of the visit which you kindly paid to the headquarters of my army in France. I will gladly con vey your message of congratulations to my troops, who are proud to be fight ing side by side with the gallant French army.' " P0INCARE VISITS BRITISH France's President Expresses Pleas ure In Letter to King George. - LONDON, Oct. 6. An official commu nication issued tonight by the p'ress bureau says: . - 'King George has received a tele gram from President Polncare, of France, saying: "'On leaving French headquarters I had great pleasure in paying a visit to Field Marshal French at British headquarters and to his valued British troops. I seized this agreeable oppor tunity for renewing to your majesty my most hearty felicitations, and shall be grateful if you will convey them to the splendid army which Is now fight ing fraternally by the side of the French.' "King George replied to the French executive In the following telegram: BLAME PUT ON FRENCH Berlin Says Poincare's Own Coun trymen Shelled His Property. LOXDOX, Oct. 6. The Amsterdam correspondent of Reuter's Telegram Company says that dispatches from Berlin deny indignantly the reported destruction by German troops of the property of M. Polncare, President of France, at Ribecourt. They declare this property was the center of a heavy battle near Verdun and that it was bombarded by French artillery. The charges of the Countess de Bays that the German Crown Prince looted her chateau also are ridiculed. It is declared that the Crown Prince never was in this mansion. ' COTTON PLAN WINS BOARD Federal Reserve Body Moves to Ap prove Loan Fund Idea. WASHINGTON. Oct. 6. The Federal Reserve Board took steps today to give its approval to the plan proposed by bankers of the Middle West to relieve conditions in the cotton market through a tl50.HOO.000 loan fund. Kestus J. CHILD'S TONGUE BECOMES COATED IF CONSTIPATED When Cross. Feverish and Sick Give "California Syrup of Tigs." Children love this "fruit laxative," and nothing else cleanses the tender stomach, liver and bowels so nicely. A child simply will not stop playing to empty the bowels, "and the result is, they become tightly clogged with waste, liver gets sluggish, stomach sours, then your little one becomes cross, half-sick, feverish, don't eat. sleep or act naturally, breath is bad. system full of cold, has sore throat, stomach-ache or diarrhoea. Listen, Mother!.. See if tongue is coated, then give a teaspoonful of "California Syrup of Figs," and in a few hours all the constipated waste, sour bile and undigested food passes out of the sys tem, and you have a well, playful child again. Millions of mothers give "California Syrup of Figs" because it is perfectly harmless; children love it, and it never falls to act on the stomach, liver and bowels. Ask your druggist for a BO-cent bot tle of "California Syrup of Figs," which has full directions for babies, children of all ages and for grown-ups plainly printed on the bottle. Beware of coun terfeits sold here. Get the genuine, made by "California Fig Syrup Com pany " Refuse any other kind with contempt. Adv. Wade, of St. Louis, and other bankers who helped form the plan were asked to come to Washington for a confer ence as soon- as convenient. The Board appointed Governor Ham lin. Paul M. Warburg and W. P. G. Harding members of a committee to talk with thp bankers. ST. LOUIS. Oct. 6. Seven million five hundred thousand dollars today was fixed as the part of the proposed $150, 000,000 pool for the financing of the cotton crop that is to be raised among St. Louis banks and business houses. Sixteen firms of St. Louis have pledged $100,000 each. Winch Fractures Captain's Skull. ABERDEEN. Wash.. Oct. 6. (Spe cial.) Captain Charles Thompson-, for. merly master of the schooner Helen, was seriously injured this morning when he was struck on the head by a flying winch while trying to lower a launch. His skull was fractured. Cap tain Thompson is 60 years of age and recently purchased an interest in the Grays Harbor Ship Chandlerv. Attention, Ladies! .There's a Startling Announcement IN THIS PAPER Turn to Page 6 1 f If : m k im r