Morning Oregonian. (Portland, Or.) 1861-1937, May 24, 1915, Page 8, Image 8

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THE aiOSXIXG OREGONIAX. MOSDAT, MAY 24, 1915.
CROPS RAISE HOPES
Vice-President of Typewriter
Company Optimistic.
WEST'S PROGRESS LAUDED
Cliarles AV. Hand Says Improvement
Ik oticcablc Ercrytrhero and
Beauties or Panama posi
tion Are Praised Highly.
Gains in business are reported and
better times predicted by Charles W.
Hand, of New York City, vice-president
of the Underwood Typewriter Company,
who visited Portland during the past
, week. He speaks from personal con
tact with large business affairs and
from close observation of conditions on
a trip just made acros the country.
"It is difficult to prophesy as to the
immediate future in financial affairs."
said Mr. Hand, "but one could hardly
travel from the Atlantic Seaboard to
the Pacific Coast without being im
pressed with the marvelous possibili
ties of the country and the immediate
prospect of relief from the condition
of the crops, and any business man
who has not faith and optimism is
hardly worth while.
"Just before leaving home I had a
conversation with a leading banker of
New York and, while he said that in
time we must share the losses of the
lOuropean war, the good crops will have
tne immediate effect of relieving the
stress and strain now apparent in this
country.
"In our own business we have felt
ncriously the curtailment of our ex
port business, but the domestic busi
ness since last August has been
phenomenally good and each month
since January has shown a marked im
provement and the volume of business
is steadily approaching a normal con
dition. "I have been impressed with the sta-
bllity of things on the Pacific Coast,
by the energy of its people and the pos
sibilities of its future. I can hardly
make myself believe that when we ex
hibited at the Lewis and Clarke fair,
ton years ago, that there were but 90,
000 people in Portland: ten years hence
it will be one of our greatest American
cities.
"The exposition at San Francisco
calls for the admiration of the entire
country and should be given encour
agement and support. Those of the Hast
who are able to come and who do not
will De disappointed, for the wonders
of the fair are bound to reach all parts
of the country. New York City her
self will take a long time before it can
undertake anything to equal or eclipse
me fanama-i'acific Exposition.
"As to the beauties of this Western
country I have no words to describe my
feelings. When I visited Yellowstone
national Park I could not but feel that
the Maker had exhausted his resources.
Kach visit to the Coast only adds to
my admiration of the men who are
making this section of the country
what it is.
"President Underwood, f our com
pany, is coming to this Coast next
month, and I am doing everything I
can to Induce him to make his tour ol
the West as extensive as possible."
BANKERS GO TO CALIFORNIA
Large Delegation From Oregon Will
Attend Convention.
Portland bankers and many through
out the state have gone to San Pran
rlseo to attend the joint bankers" con
vention this week. Oregon financiers
who expect to attend the sessions there
are:
W. M. Ijidd and W. II, Tunck1oy. Tadd &
TMton Hank; B. H. Crawford. Lumbermen!
National Bunk; ErlBar H. Sensontch, North
western National Bank; J. N. Edlefsen. pe
ninsula National Bank; N. U. Carpenter,
citizens Bank; J. L Hartman. Hartman &
Thompson; R. W. Schmeor and Paul S.
r!rk. United States National Bank; K A.
Wyld and J. IT. Molr, First National Bank.
Included in the delegation from outside
Portland will be: K. L. Meyers, cashier La
Clrandn National Bank: J. M. McCoy, cash
ier First National Bank, Ashland; Alex
Martin. Jr., cashier Eusen Loan i. Sav
ings Bank: Henry A. Vollstedt, assistant
cashier First SavtnRS Bank, Albany; Henry
Vollstedt. note-teller, First National Bank,
Albany; 1. O. Vassal!, vice-president, Dallas
City Bank; 1. c. Latourette. president First
National Bank. OreROn. City; 1 M. Meeker,
president Orecon State Bank. Jefferson; F.
if. Montgomery. cashier First National
Bank. Baker; Leslie Butler, president But
ler Banking Company, Hood River; W. I,.
Thompson, president, and F. K, Judd. vice
president American National Bank, Pendle
ton; Will H. Bennett, vice-president First
State & Savings Bank, Klamath Falls; Sam
-H. Baker, cashier Josephine County Bank,
c.rants Pass; Joseph H. Albert, cashier Cap.
Hal National Bank, Salem; William O. Tait,
president First National Bank, Tillamook:
If. Hlrsrhberg.vpresident Independence Na
tional Bank; George H. Riches, Ladd &
Bush Bank. Salem; J. C. Rogers, United
States National Bank, Salem.
YONCALLA TO HAVE BANK
w Institution Is to Begin With
Capital of $15,000.
TtOSEBURG. Or., May 23. (Sperlal.)
The Farmers' Security Bank is the
name of a new depository to be
launched at Yoncalla, June 1, to replace
the State Bank of that city, which re
cently closed its doors on recommenda
tion of the State Bank Examiner. 'The
capital stock of the bank will be
J15.000.
The incorporators are L. A. Bass, of
Springfield, and W. E. Young and B. B.
Brundage, of Eugene. Moat of the
stockholders are prominent Yoncalla
business men. It is understood that
application for a charter has already
been tiled at Salem.
JITNEY BUS . DISCUSSED
Trust Company Pamphlet Says Elec
tric Lines' learning's Grow.
"The Evolution of the Jitney Bus" Is
the title of a pamphlet just issued by
the Fidelity Trust Company, Baltimore.
Mil., which is based on a careful survey
of the situation in the United States
and Canada, and the effect of the new
means of transportation on the older
traction corporations has been studied.
The pamphlet contains also a letter
from Sanderson & Porter, New York
ngineers, giving their views.
Reports were received by the Fidelity
Trust Company from 138 cities in all
parts of this country and Canada, and
the information given indicates tha 106
cities have jitney bus service. In 32
cities of the 138 there are no jitneys,
and In 10 of the 106 cities which have
jitneys, it is eald that the number is
decreasing.
Conclusions formed after compiling
the extensive information received on
the subject follow:
"A conclusion recently expressed in
one of the leading technical papers is
to the effect that the life of the Jitney
movement is going to be measured,' not
by the ultimate life of the machines,
mm was originally thought, but rather
by the number of drivers who can be
induced to enter the jitney service.
"A review of the situation in its en
tirety demonstrates that, despite wide
ly varying conditions in different com
munities, electric railway earnings have
shown unusual stability. The Commer
cial and Financial Chronicle presents,
in a recent issue, its annual review of
the gross and net earnings of electric
railways of the United States, pointing
out that 1914 was a year of exception
ally unfavorable business conditions
throughout the country; that steam
railroad gross earnings showed a fall
ing oft of 6.65 per. cent, and net earn
ings a contraction of 8.39 per cent, and
that, in striking contrast to these fig
ures, the reported electric railway gross
earnings showed an increase of over
$4,000,000. or 0.82 per cent, while net
earnings decreased- only half of 1 per
cent. This condition is even more not
able considering the adverse develop
ments peculiar to the electric railway
uusiuess resulting rrom jitney competi
tion."
BANKS MAKE GAINS
Washington Institutions' Re
. sources Increase.
TOTAL IS
$127,892,908.36
TRADE EXPERT COMING
DR. EDWARD EVIG PRATT, OF
FEDERAL BUREAU Dt'E Jl'SE 1.
Activities of Department Include In
vestigation of Markets for Lum
ber in Far East.
Dr. Edward Ewing Pratt, chief of the
Bureau of Foreign and Domestic Com
SMMWtyqWfrr-rr.T? r. 1
Dr. Edward Ewing Pratt, Chief of
the Bureau of Foreign and Do
mestic Commerce, AVho I
Visit Portland.
merce of the United States Department
of Commerce, will be in Portland June
1, on his way back from San Francisco
where he addressed the California
Stato Bankers' Association.
The Bureau of Foreign and Domestic
Commerce, of which Dr. Pratt is the
head, is the government's agency to
promate the foreign trade of the United
States. The bureau has abroad three
field forces from which it obtains for
eign trade information: .First, the
American consular officers, who num
ber 300; second, the commercial agents
of the bureau, most of whom are spe
cialists in tome branch of commerce;
third, the commercial attaches, who are
stationed in the principal foregn coun
tries, and whose sole duty is to facili
tate commerce between the United
States and the countries to which they
are assigned.
The bureau publishes a daily trade
paper known as "Commerce Report";
tabulates and publishes statistics of
American trade with foreign countries;
translates and publishes custom tariffs
of foreign countries; publishes trade di
rectories and books on all sorts of com
mercial' subjects; and furnishes Ameri
can manufacturers and exporters defi
nite information as to opportunities to
sell their goods abroad. Sales aggre
gating millions of dollars have resulted
from information that was first placed
in the hands of American manufactur.
era by the bureau.
Of particular interest to the North
west is the stationing of commercial
attaches in China and Australia and
investigations that the bureau has been
making of lumber markets in the Far
East. The bureau also plans to make
a study of foreign markets for fruit.
L SALES TO BEGIN
MARKETING OF 1,250,000 POUNDS
STARTS AT ECHO TUESDAY,
Offering of Umatilla County Clip to
Continue Thursday at Pendleton, and
June 10 at Pilot Rock.
PENDLETON, Or.. May '23. (Special.)
Woolmen here estimate that approxi
mately 1,2150,000 pounds of the 1,600,000
pounds of wool grown in Umatilla
County will be offered for sale Tuesday
at Echo, Thursday at Pendleton and
June 10 at Pilot Rock. The total lfkely
will be increased considerably should
any of the clips of the Stantield Bros,
be offered, but their wool has been con
signed in recent years and probably
will be this year. Prices likely to pre
vail at the Umatilla County sales, ac
cording to local sheepmen, will run
about 18 cents for fine wools and about
ia cents for coarse.
A considerable amount of wool is ex
pected to be shipped Into this city from
Washington districts. Local growers,
who sell here, now have their clips
stored.
Clips in the warehouses here to he
offered Thtirsday, include: Johnson &
Pearson, Wallula, Wash., "50.000 pounds;
A. M. Slusher, 75.000 pounds: J. E. Smith
Livestock Company, 50,000. At Echo,
where shearing was finished in rood
season, Joe Cunha has 80,000 pounds in
store: Antone Vey has 70.000 pounds;
Joe Monese, 50,000 pounds; William
rearo, 50.000 pounds; John Kilkenny,
30,000 pounds. The Cunningham Sheep
&. Land Company will offer 120.000
pounds at Pilot Rock; the J. E. Smith
Livestock Company. 100.000 noting a- P t
Doherty, 30,000 pounds; Pedro Bros.. 60,-
uuu pounds; j. A. Rust, 45,000 pounds;
Donald Rose, 40,000 pounds, and Joseph
Pedro, 40,000 pounds.
BANKERS ARE -EXPECTED
Mr. Schmeer Thinks Delegates to
Convention Will Visit Here.
Three or four thousand bankers from
all parts of the country will attend the
annual convention of the American
Bankers Association at Seattle next
September, is the opinion of R. W.
Schmeer, cashier of the United States
National Bank, who has just returned
from the East, where he attended a
meeting of the executive committee of
the bankers' organization. He expects
nearly all will visit Portland while in
the Pacific Northwest.
Mr. Schmeer said business conditions
in the East are quiet in most lines,
with but little prospect of much change
until the close of the European war.
Comparison of Reports oji Second
Calls of 1014 and 1915 Shows
This Year's Total Exceeds
Last's by $5,197132.
OLTMPIA, Wash.. May 23. (Spe
cial.) The 272 state banks of Wash
ington show combined resources ag
gregating $127,892,908.36 in reports to
State Examiner Hanson, in response
to the second call of 1915, Issued May
1. This is more than $3,000,000 in ex
cess of resources shown by the first
STATEMENT OF FEDERAL RE
SERVE BANK OK SAN FRAN
CISCO FOR PAST WEEK.
SAN FRANCISCO, May 22.
(Special.) An increase of $1,
097,000 over the preceding week
is shown in the item of loans and
.discounts in the statement of
Federal Reserve Bank of San
Francisco for the bank's twenty
seventh business week, ended
May 21. The statement Issued
today follows:
Resources
Gold coin- and gold
certificates $ 7,813,000.00
Legal tender notes.
silver certificates
and subsidiary coin
Bills discounted and
' loans
Investments
Due from other Fed
eral Reserve banks
All other resourses..
treatment, transportation and hospital
accommodations.
The entire costof administration
since November, 1913, when the com
missioners began their work. was. $59.
267.33. The surplus April SO was
$179,074. At that time 3663 claims had
been made and 3305 settled. The com
mission rejected 132 claims and paid
physicians' fees in 716 cases in which
the injured persons did not lose any
time. , -
The statement continues:
"An average of about 14 accidents
daily has been reported since the law
became effective. The Winter months
show the smallest number of accidents,
but recently they have slightly in
creased. The steady gain inpayments
to the accident fund since February
last may be regarded as an -indication
of an Improvement in the industrial
activity of the .state.
"One amendment to the law provides
for exemption from payment for one
month at a time whenever the commis
sion finds the condition of the accident
fund is sufficient to provide for all
liability and a safe surplus in addition.
While it is now apparent that no pay
ments will be required In July from
employers and workmen who have been
subject to the act for six months or
more this will not be officially de
termined by the commission until July
30."
PIG CLUBS ADVOCATED
E. G. CRAWFORD PRESENTS RESO
LUTION AT NEWBERG MEETING.
Total resources..
Liabilities
Capital paid in....
Deposits, net
21.000.00
3.194,000.00
2,070,000.00
1,648. 000.00
1,449.000.00
.$16,195,000.00
.$ 3,926,000.00
. 12,269,000.00
Total liabilities ..$16,195,000.00
Gold deposited with
Federal reserve
agent y to retire
outstanding F e d
- eral reserve notes. $ 2.040,000.00
call of 1915. issued March 4, and is
more than $5,000,000 greater, than those
shown by the call of March 4, 1914,
which was the second of that year.
Since March 4, 1914, loans have in
creased nearly $4,000,000 and deposits
more than $2,0000,000.
Following is a detailed comparison
of the aggregate items in the reports
in response to the second calls of each
year: .
Resources. '
March 4. 1914
2iU banks.
Loans and discounta $ 73,7oS.92S.6n
Overdrafts -v. 201,981.91
Stocks, bonds, warrants, etc. . 14,Du7,7S4.27
Banking house, other real ea-
tate T,2f4,OS8.74
Due from banka and cash on
hand 2J,242.1r..SS
Bxpensea 6iio.7o.4
Total 122,605,875.83
Lialibitiee.
Capital stock paid In $ 12.521,450.00
Surplus, undivided proflta auid .
dividends unpaid S, 843,229.37
Due lo banks depoalts) :i. 1.11, 833.91
Deposit - gn.fiOS. 277.92
Trust funds 10,703.6154. Hfl
Rediscounts and bills payable S67.S99.97
Other liabilities
Total
Resources.
.I22,S80,673.RJ
May 1, IBlo
i DanKS
and discounta $ 77,7.!.30s.7
afts 263.741VS7
T.oana n
Dv.rri i-ti
Stocks bonds, warrants, etc . . 12,933.415.0s
uai n in a iiuuev, uiner real es-
t, in e "oi nna o
Due from banks and cash on
hand 27,121, 73H.B3
Expenses 1.175.127.10
Total
$127,893,908.30
Liabilities.
Capital saoek paid In $ 13,821,900.0b
Surplus, undivided profits and
dividends unpaid 5.913,390.53
Duo to banks (deposits) 3. 892. 311. 4&
Deposits 91.3:iG.0o7.oU
Truat funds 1 1.240.993.04
Rediscounts and bills payable. 1.4.".f.01 S.1'4
Other liabilities 52.236.92
Total . .$127,82,90S.3
$1,000,000 LOAN IS MADE
a
North Pacific Public Service Com
pany Files Mortgage.
CENTRALIA, "Wash., May 23. (Spe
cial.) The North Pacific Public Serv
ice Companv, recently formed by the
consolidation of the Centralia & Che
halts Gas Company with the gas com
panies of Grays Harbor, Bremerton and
several other cities in the state, has
filed a $1,000,000 mortgage with fhe
Lewis County Auditor.
The mortgage Is issued to the Co
lumbus Trust Company, as trustees. It
covers all of the real and personal
property of the big corporation and is
issued to protect a bond issue of $1,
000,000, the proceeds of which will be
used to improve the properties.
B .
$97,880 IS PAID WORKERS
Calls on Accident Fund Gains With
Industrial Activity.
SALEM, Or, May 23. (Special.)
That more than $500,000 was paid into
the state Industrial accident fund In
the first 10 months of the operation of
the workmen's compensation law was a
statement made Saturday by the State
Industrial Accident Commission. The
commission set aside $140,673.71 in the
same period for dependents In fatal
cases and for workmen suffering per
manent disabilities, $97,880.65 was paid
to workmen having temporary injuries,
and $55,858.81 was the cost of surgical
Rankers Agree to Accept Paper and
Aid Youngsters in Purchase of
Breeding Stock.
Firm in the belief that Oregon's
prosperity will be advanced through
Increased production of Oregon farms,
particularly along the line of livestock.
E. G. Crawford, vice-president of the
Lumbermens National Bank, fathered a
resolution adopted by the bankers of
Group 1 of the Oregon association
at the recent Newberg convention,
which has for its object the forming
of hog clubs by boys and girls. The
bankers indorsed the movement and
voted support to young growers of
pigs for the market. The bankers
agreed to take "pig paper," if pre
sented on a good basis.
Mr. Crawford's plan is the extension
of the National Boys and Girls' Pig
Club throughout this state. Rules are
provided to which the members con
form and they are enabled to borrow
money from 'their bankers with which
to -purchase breeding stock. Blanks
sent out contain simple requirements
to be met, such as giving good care
to the stock, keeping a record of the
cost of labor and food, an agreement
to conrorm with the rules laid down
and not- to remove the' pigs without
permission from the one who ha ad
vanced money for purchases of the
Dreeaing stocK.
Any responsible boy or girl between
the ages of 12 and 18 years may be
come a member of this club and en
gage actively in raising pigs for the
market. The State Superintendent of
Schools and various County School Su
perintendents are co-roperating in the
plan and Mr. Crawford is enthusiastic
as to Its benefits.' He is optimistic
that it will extend all over the state
BOND DEMAND GROWING
CARL S. KELTf RETURNS FROM
BUSINESS TRIP TO LOS ANGELES.
REFUNDING BONDS VOTED
Seaside Goes on Record, Five to One,
for $50,000 Issue.
SEASIDE. Or.. May 23. (Special.)
By a majority of five to one voters of
Seaside yesterday declared for a $50,000
bond issue, under the Bancroftbonding
act.
The purpose of the issue is to re
fund present indebtedness of the city
and provide for the future. A lively
interest was manifested in the election.
Alfalfa. Ready to Cut at AVapato.
WAPATO, Wash., May 23. (Special.)
Harvesting of the first crop of al
falfa on the reservation will commence
next week. It is estimated that the de
crease in the output will-not exceed 5
per cent. Approximately 2500 acres of
reservation lands this year are planted
to wheat and- 2000 to potatoes. There
has also been a large increase in corn.
Credit Men Elect.
The Portland Association of Credit
men has elected the following officers
for the coming year: President, W. W.
Downard, Union Meat Company; vice
president, B. M. Denison, Albers Bros.'
Milling Company; secretary-treasurer,
U. G. Leighly, Blumauer-Frank Company.
Treasurer ef Lumbermen's Trust Com
pany Establishes Branch and Tells
of Investment Trend.
Increased demand for bonds of muni
cipalities is reported by Carl S. Kelty,
treasurer of the Lumbermen's Trust
Company, who returned from San Fran
cisco and Los Angeles during the week
after establishing a branch of the com
pany in San Francisco.
"Municipal bonds have come into
their own in California," said he, "be
cause, on account xt the failure of a
number of public utilities there inves
tors have turned to municipal securities.-
Small school issues in California,
averaging 74 years, are being bought
by bond nouses on a 4.80 to 5 per cent
basis.
"Sacramento's water mains bonds,
amounting to $1,000,000. were sold
under a peculiar arrangement. These
bonds are not a legal investment for
New Tork savings banks because of
the rates and terms under which they
must be sold, and they could not be
disposed of on a 4 Vt per cent basis. It
was agreed that the contracts for the
work would be let and the successful
bidder must buy the bonds on terms
stated.
"The successful bidder was the Shaw
Batcher Company, which is known lo
cally because that firm built the sec
ond Bull Run pipe line, and the bonds
were bought at a price reported to
have been 94 by a syndicate composed
of the Capital National Bank, Sacra
mento, N. W. Halsey & Co.. and E. H.
Rollins & Sons. Boston. It is presumed
they will be sold mostly in the East,
although some will be taken by Cali
fornia investors.
"There are but three issues in Cali
fornia that are legal for New York sav
ings banks, being the state highway
bonds and the general bonds of the
cities of Los Angeles and Oakland. San
Francisco's bonds were formerly in this
list, but when the Hetch-Hetchy water
project bonds were Issued. It was elim
inated. San Francisco offered Hetch
Hetchy bonds to the amount of $2,025.
000. but there were no tenders. They
were offered on a l!j per cent basis
and were not attractive. They cannot
be sold for less than par and accrued
interest.
"The attendance at the Ban Fran
cisco fair has been disappointing so
far. The .weather has been unfavor
able, and it has been too earlv for- th.
heavy travel that is coming. Railroad
men expect their facilities will be
taxed later, and predict that mora traf
fic will offer than can be. handled. At
tendance is beginning to ImDrnve to
a noticeable extent, and as the Summer
appruacnes undoubtedly it will grow
steadily." "
HUGE SALMON CATCH MADE
Indians of Taholah Set Record by
Taking Xearly 11,000 in Day.
IIOQIUAM. Wash., May 23. (Spe
cial.) The greatest single day's catch
of Quiniault salmon on record .from
the Quiniault River, was made by the
Indians at Taholah, the Indian town at
the mouth .of the river, north of Ho
quiam, Friday, according to word just
brought to, Hoquiam. The total catch
was nearly 11,000 fish, or more than
$'500 poun3s" arui was valued at about
The "run. of Quiniaults is on in iull
blast, and indications are that it will
be heavier than ever before. The two
canneries at Moclips are employing
about 100 persons in handling the pack
and Friday they packed more than
1600 cases. They pay 20 cents each
for the fish. The Indians, who have
the exclusive fishing rights on the
Quiniault, are malting a profit.
Union Loan Dividend Due.
CENTRALIA. Wash.. May 23. (Spe
cial.) Another dividend of 10 per cent
wilN be paid Tuesday by John Galvln
receiver of the .Union Loan & Trust
Company, making 40 per cent that has
been paid in dividends, or about $96,
000. This amount will add materially
to the cash assets of the city. Mr.
Galvln is following the policy of pay-'
ing small dividends as fast as he se
cures the available cash Instead of
waiting until he has a large amount
on hand.
Tracklaying Begins.
CENTRALIA. Wash., May 23. (Spe
cial.) Tracklaying began yesterday on
the new railroad being built by the
Hercules Sandstone Company, from
Our Facilities for Handling
Your Account Are the Best
You Will Find the Service
Rendered Is Unexcelled '
THE
Northwestern National - Bank
SIXTH AND MORRISON
LOAMS
Improved Farms -Inside
Business Property
Residences
Commerce Safe Deposit
.and Mortgage Co.
91 Third St.
Chamber of Com. Bldg. -
The Bank of Personal Service
M
We would like you to know of our complete equipment
and competent service in every department, and will
appreciate your granting us an opportunity to demon
strate this to you. Our Savings Department pays 4
per cent interest.
Merchants National Bank
Founded 1886
Washington and Fourth Streets
Every W oman Should Have
Her 0 wn Bank Account
It is just as necessary for the housekeeper to have a bank
account as it is for the business woman. No one can be
too careful with money, and a bank is the only safe place
to put savings. ,
Anyone can earn a dollar, but it takes common sense to
save and make it earn for you.
A dollar will open a savings account.
lumdermens
National.. Bank
Fifth and Stark.
We Encourage
New Depositors
Many people hesitate about opening a bank account,
thinking their knowledge of business too limited or
.probably they consider the amount of money they
have too small.
We cordially invite you to open an account with us,
subject to check. 'It is very easily done here.
Liberal Rate of Interest on Savings
The United States National Bank
THIRD AND OAK STREETS, PORTLAND, OR.
-Capital and Surplus $2,000,000
The First National Bank
Fifth and Morrison Streets
Capital and Surplus - - $3,500,000
Security and service are the qualities
we offer for consideration in choosing
your bank.
Tenino up the Skookumchuck River to
a new quarry being opened by the
company. A large locomotive will be
shipped from Portland next week. The
foundations for the derricks at the
new quarry are being: built and everything-
will be ready for the shipment
of stone for the Grays Harbor Jetty
work on contract time.
Bankers' Banquet Tomorrow.
Members of the Portland chapter,
American Institute of Banking:, will
meet tomorrow niaht at the Benson
Hotel for their sixth annual banquet.
Dr. Andrew O. Smith will act as to"ant-
master. Speakers will be Archibald C.
Kains. governor of the Federal reserve
district of California, who will discuss
the reserve system; Ralph S. Stacv.
president of the National Hank. T
coma. and Fred I. Weber, retiring presi
dent of the Portland chapter.
Wen sometimes lose thHr Jobs for rott
ing In particular and everything In tn-
pral.
TRAVELERS' GUIDE.
San Francisco
Los Angeles
(Without Chaniie hlu Route)
The Biff,
Clean,
Cora fort able,
KleBantly Appointed,
Srasoins Steamhl
THE BEAVER,
Sail Fnm Alnawortii Dock
9 A. M HAf 2J.
10O Golden Miles on
Columbia River.
All Rates Inelnde
Berth and Hcsl
Tables and Service r
tnezcelled. '
The San Fraarfm It Pertlaad 8. S.
Co., Third and UuUaftan tits.
vrlth O.-W. R. . Ce.J Tel. Mar
shall 4S0O. A
THE BANK OF CALIFORNIA
NATIONAL ASSOCIATION
of San Francisco. Founded 1864
Capital Paid in $8,500,000.00
Surplus and Undivided Profits $8,131,242.14
Commercial Banking. Savings Department
PORTLAND BRANCH
Third and Stark Streets "
FRENCH LINE
Cunpagnie Generate T ran sat .antique.
POSTAL SERVICE.
Sailings from NEW YORK to BORDEAUX
ESPAGNE June 5.3 P.M.
ROCHAMBEAU June 12, 3 P. M.
FOR INFORMATION APPLY
C. W. Stinger, fto eth .; A. 1). Charlton.
155 Morrlwn t-; H. M. Taylor, . M. Mi l-t.
P. K.V.; Iorey B. Hmltb. 116 3d Ht.; A. C
SHeldoo, 100 3d t. II. DU Iion. 34 li
ingten at.; 'nrth Bank Knaii, 5th and Mark
Bin.; P. S. Mrlarland. 3d and ahijctun
t.j K. B. Duffy. 124 3d t.. Portland.
American - Hawaiian Steamship Ca.
FREIGHT SKBV1CK.
Portias
New York
C. JO. KEN.MIUV, Ant.
CO Stark tt.. 1'ortlaniu or.
The
Canadian Bank
of Commerce
HEAD OFFICE
Toronto, Canada.
Established 1867.
A general banking business
transacted.
Interest paid on time deposits.
Commercial Uttrn of Credit
laauetf.
EzcbaaKo oa Loodoa, Koslaaa.
Bought mod sold.
PORTLAND BRANCH.
Corner Second and Stark Sts.
F. C. MA LP AS. Manager.
TMVELKIW' fil IDK.
Frequent yfyja ' yaV
AUSTRALIA
EW ZEALAND AND SOUTH feEAS.
Regular, through nailing for Sydney via
Tahiti and Wellington from Kan Vru ni.
'Msy 26, June 23, July 21, and every 28 da!
Dnu lor pampnici.
Union rteamhln Co.. of New Zealand, ?,trt.
Office 7t .Market Mreet. Shu Jt-ranciiM'o,
or local . tit and K. li. asent.
SanFrancisco
SANTA BARBARA. l.OM ANGELES
AND SAN DIKUO.
SS. GEO. W. ELDER
SAILM WT!UXtUAY, MAY t, 6 P M.
COOS BAY
AND Kl'REKA
,SS. KILBURN
8AIIX MONDAY. MAY t. P. M.
NORTH PACIFIC STEAMSHIP CO.
Ticket Office
1I2A d bt.
Mala 114. JL 1314
Krelfht Office
Foot Nortbrup Ht.
Mala A Ull
COOS BAY LINE
Steamer Breakwater
Sella From Alnanorta Dork, fort land.
vr Thuraday at 8 A. M. FrrtKht "ad
Ticket Office, Alnanorta Dork. I'konra
Main 3AO0, A 2:ta. Cltr Tlrket IIDIrr.
M th Ht. I'honr. Maraball e.HMI. A Ui:il.
HORTLA.VD 4t COOS BAY M. . I.ll-:.
North Bank Rail
26 Hours' Ocean Sail
ti-Oeuk. Triple bcrew. :i-Kool
I'alatlal (. H.
"NOKTlltlLN PACIFIC"
SAN FRANCISCO
MmT 19. 8. 7. I. Jane 4. , II, 1.
Steanivr train kivei North Dank station
A. M.. axrtvea Flvel ii':ao; lunch aboard
ahip; SS. arrlvea tan Franclaco :30 V. M.
nxt dav.
fciXRKSS SERVICE AT FREICiHT RATE.
NOKTH BANK TICK KT it FICK,
rnnn-ti: Mar. Q-JO. A Wnl fith and mark
O.VLLES-COLCMBIA LINK.
Steamer State of Washington
Leave Taylor-at. flock dally except bunoay.
11 P. aL for The Dalle, and way landing,
carrying freight and pmeniara. Returning,
leaves The Dallea daily. 12 noon, eacept
Monday. XeL, Mala 813. Fare U bertha Sua.
0
f