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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Sept. 1, 1915)
VOL. LV NO. 17,089. PORTLAND. OREGOl '7 WEDNESDAY. SEPTEMBER 1, 1915. ,,H,nE FrrF, "
SLUMP IS ALARMING
English Pound Drops
5 3-4 Cents.
EXPORT TRADE IS IMPERILLED
American Banks Are Bursting
With Gold; Remedy Sought.
WAR ORDERS MAY HALT
Europe, Compelled to Pay Premium,
likely to Stop Buying in United
States; Cabled Warning: Ig
nored; bosses Borne Abroad.
NEW YORK, Aug. SI. The tremen
dous export trade of the United States.
In which the country leads the world
for the first time, was imperiled today
by an alarming drop in foreign ex
change rates, notably sterling.
At the close of business tonight the
English pound sterling brought only
$4.55 i In American money. This is a
drop from its normal value of 31
cents; from its value of August 1 of
20 cents and from its quotation last
night of 53 cents, a 24-hour break in
values without a precedent. It marked
the lowest va'.ue yet recorded in an
excited mi-rKet where every day re
cently has set a new recovd of depreci
ation; and it indicated that sterling
was .neided downward with a momen
tum and velocity that promised to
take it to levels unthought of 10 days
Producers May K Effect.
In the face of this rapid depreciation
bankers here were wondering tonight
how much longer Great Britain would
pay the premium and buy goods in this
marKei wmch site can get elsewhere
wnere the value of her money is
Breaker. iney were of the opinion
mat American factories and producers
would feel the pinch if vatea went
much lower; that cancellation of war
urucrs ior everything except what
oreat Britain cannot afford to do with
out powder and shot, rifles and shrap
nel, aeroplanes and automobiles
would follow, and that there would be
few new orders placed by London in
America except for positive necessi
The reason and the remedy seemed
clear in the minds of international
bankers here. The English pound has
become depreciated, they said. Tjecause
l-ondon has failed to provide a method
here of paying the big bills now coming
uue to American shippers; the remedy
would be. they thought, to establish
quickly very quickly, unless sterling
should become still further debased
a mammoth credit loan in this market.
America .Xetiln aio Gold.
America does not want British gold
to pay for supplies; on this point
opinion was unanimous. The vaults
of Wall street and the banks in the
Interior are already choking with gold.
More gold would tend to create a
period of enormous inflation.
What New York bankers want to
do is to lend Great Britain an enor
mous sum of money, to be spent in
paying bills- here, on approved col
lateral of high-class American rail
way and industrial stocks and bonds.
This, it Is believed, will restore con
ditions to nearly normal. Apparently
Great Britain Intends to adopt this
course. Officially, neither Great Brit
ain nor her financiers have given an
inkling to bankers here of what they
Intend to do to remedy the situation.
When the deputation of British bank
ers reach New York on its mission
to strengthen the market they will
come with a plan. It was authorita
tively said tonight, of which their as
sociates In New York are wholly in
England Ignore Warning.
In this connection it was learned to
night that some of the biggest inter
national banking houses in New York
had pointed out in their cable confer
ences with London financiers three
weeks ago the clanger that lurked.
-.cau or. a naa suggested a course
which, if pursued, would have steadied
the markets for a month or until per
manent methods of correction could be
That cable message, it. was said, had
been entirely ignored. To this day there
has been no reply to it.
London has not awakened to the full
measure of the situation, in the opinion
of most international bankers here. The
tardiness of Knglish bankers, it was
ssid. is being paid in British gold at
rates ex-.remely dear. The depreciation
of the pound sterling. It was emphatic
ally asserted, is not costing American
manufacturers one cent, for all bills
payable by Great Britam here are pay
able in dollars. London bankers and
buyers are paying the toll a premium
of more than 6 per cent.
The only bright spot in the outlook
was the probability that the prevailing
rates would persuade British holders of
American securities to part with them
now and reap the 6 per cent profit
which thus would accrue.- These se
curities are needed as collateral for the
contemplated British credit to be estab
lished here. It is estimated that there
are American securities now in Great
Britain to the value of $2,000,000,000.
A sizable fraction of these securities, if
available, would restore ret to nearly
ii u Believed.
WORLD'S FAIR GETS
ROOD-CP TO GO TO SAX FRAN
CISCO FOR FOUR DAYS.
Panama-Pacific Exposition to Pay
$45,000 Transportation Cost
and Generous Bonus.
PENDLETON. Or., Aug. 31. ( Spe
cial.) Negotiations which have been
pending1 for two months between the
directors of the Panama-Pacific Inter
national Exposition at San Francisco,
and the Pendleton Round-Up Associa
tion, for the reproducing at San Fran
cisco of Pendleton's nationally famed
epic arama or tne west, were con
summated when the Pendleton associa
tion accepted the Exposition's offer to
defray all expenses of transporting- the
P.ound-Up in its entirety to the fair.
and to pay a generous bonus, for th
reproduction of the show for the bene
fit of the Exposition visitors October
13 to 17. Inclusive,
All of the Round-Up stock and equip
ment will be taken In 26 cars, and ai
of the Bound-Up officials will make
the trip. The expenses, of the trip ap
Reproduction of the show at the Ex
position was suggested by Exposition
officials and the long delay In closing
the matter has been due to the re
luctance of the Round-Up Association
to prmlt the use of any of Its stock
or equipment outside of Pendleton.
The Exposition will offer $10,000 in
cash prizes, as well as special medals
to the winners of competitive events.
One day of the Exposition round-up
will be known as Pendleton day. All
contests will be open to contestants of
every nation and all events will be for
uituoN BUILDING. Exposition
Grounds. San Francisco, Aug. 31. Roy
Bishop, member of the directorate of
the Pendleton Roundup, is here, having
come in response to a telegram from
the Exposition officials to close a deal
to bring the Roundup here to be ex
hibited for five days.
CANAL AIDS CATTLE TRADE
Hog Shipment First Direct Result at
Eltopia or Celilo Opening.
ELTOPIA. Wash.. Aug. 31.(Spe
clal.) The first direct result of the
opening of the Celilo locks felt here
was the shipment yesterday by Nagel
Bros, from their ranch 12 miles west
oi nere or 450 head of hogs by boat on
the Columbia River. The shipment
was consigned to the Union Stock
yards at Portland.
The rate quoted is cheaper by $2.20
a head than shipping by rail. In addi
tion to this the boat loaded at the Na
gel landing, thus avoiding a wagon haul
fit 12 miles over poor roads. It is felt
that the easy transportation will stlm-
II In tn tli. V, . . .
- uufi aim came Dusiness. es
pecially among ranchers between here
ana ine Columbia River.
PEG0UD REPORTED KILLED
Originator of Cpside-Dowii Flying
Is Victim of War in France.
PARIS. Aug. 31. It is reported that
Adolp.a Pegoud, the famous French
aviator, has been killed.
Adolphe Pegoud gained renown in
1913 when he originated the feat of
flying upside down in an aeroplane and
looplng-the-loop. On the outbreak qf
the war he joined tne French aviation
squadron and several times sine uas
been mentioned in dispatches for valor.
The last exploit credited to Pegoud was
in April, when he was reported to have
attacked and brought down a German
taube near St. Mene Mould.
MONTH AT MARKET RECORD
Receipts and Amount
Business Largest Vet.
In point of receipts and amount of
business transacted. August was the
largest month the public market on
Yamhill street has had. according to the
report of Marketmaster Eastman sub
mitted yesterday to Commissioner Bige-
During the month there was taken
in from the 10-cent-a-day rental on
booths a total of J695.S5. During no
previous month since the market was
established more than a year ago has
there been so many producers or buyers.
the report pays.
ANIMAL FIGHT ACT UP
Bull. Bear, Cock and Even Doe
MlMips Under Ban in Law.
Bull fights, bear fights, cock fights
and even dog fights are to be placed
under the ban by Mayor Albee.
He has sent an ordinance to the
Council which, if passed, will make It
a serious offense for any person to
"wantonly or for the amusement of
himself or others, cause any bull, bear,
cock, dog or other animal to fight,
chase, worry or Injure any other ani
mal, or to be fought, chased, worried
or Injured by any man or animal."
ACCUSED MEN SURRENDER
Ex-Cabinet Members or Manitoba
Furnish Bail of $5O,p00 Each.
WINNIPEG, Man.. Aug. 1. Sir Rod
mon Roblin. J. H. Howden. Dr. Mon
tague and G. R. Coldwell, charged by
the Mathers Royal Commission with
conspiracy to defraud the province,
voluntarily appeared at the city police
After a conference with Deputy
Chief Newton they were released on
ball of $50,000 each, $25,000 consisting
of a personal bond and two sureties of
12,500, each JOelag elven,t
Mexican Leader Shot
by Civilian Posse.
BATTLE IS WAGED IN CANYON
Cavalry and Customs Officers
Aid in Pursuit.
4 RAIDERS DIE WITH HIM
General Huerta Refuses to Comment
on Death of Mexican Who Was
His Right-Hand Man and
Who Died a Fugitive.
GALVESTON, Aur. SI. Orders have
been issued by Major-General J. Frank
lin Bell, commanding: the second divi
sion, U. s. A-, to commanders of the
fourth and nineteenth regiments of In
fantry and the Sixth Cavalry to hold
their commands In readiness to entrain
on short notice.
General Bell announced that the
Fourth Infantry- and Sixth Cavalry
would bo to Harlingen, Texas, two bat
talions of the lth Infantry to Bel Rio
and the other two battalions to Fort
Sam Houston at Sah Antonio.
Harllngen and Del Rio are la the
border country, which has been - the
scene of many recent depredations by
EL PASO, Tex., Aug. 31. General
Pascual Orozco. prominent mlilnrv
leader in Mexico's many revolutions of
the past five years, was killed late yes
terday in a fight with a posse of Amer
ican civilians, customs officers and
troopers of the Thirteenth United States
Cavalry, according to Government re
ports received here late today.
The battle took place In Green River
Canyon of the High Lonesome Moun
tains in Culberson County, Texas, fol
lowing a raid on the Dick Love ranch
yesterday. Orozco and four companions
were pursued from the Sierra Blanca
country into the foothills.
The last of the band died at dusk.
Identification Is Positive.
How desperately they fought was
shown by four bullet wounds in the
body positively identified, according to
reports, as that of the Huerta general.
At the home of General Orozco'a fam
ily here the report of his death could
not be confirmed.
General Victoriano Huerta would
make no comment when Informed of
the reported death of his former chief
All the bodies of the raiders have
been ordered shipped to Van Horn, Tex.
An undertaker from this city is en
route to take charge of the body said
to be that of General Orozco.
Career Is Spectacular.
Orozco was one of Francisco I. Ma
dero's chief military commanders in his
revolution against President Diaz. Later
when military governor of Chihuahua
he deserted Madero and espoused the
cause of Victoriano Huerta and sub-
(Concluded on Page
' 1 M . ...-.t...v.j. ,T,-J.T.T.TJLJ-J1. Hl! IXJL'JL JL-S1 I J
I I i " 3
INDEX OF TODAY'S NEWS
YESTERDAY'S Maximum temperature,. 78
aegpeea; minimum, a5 decrees.
TODAY'S Threatening; southwesterly
Arabic destroyer may be lost. too. . Page
Handbills urge use of dynamite on munitions
factories. Page 2.
American posse kills General Orozco. Page 1.
Slump in foreign exchange imperils Amer
ica's export trade. Page 1.
Miss Crystal Hyland to wed young Bolivian.
TV. H. Taft advocates Just dealing between
Japan and America. Page 3.
Mr. Taft's chuckle is cont&doiu at fair.
One body lu F-l identified.
Coast League results: San FVanctsco 1.
Portland 0: Salt Lake 6. Oakland 5.
No game at Los Angeles, the Angels
not arriving. Page Hi.
Chick Evans loses to New-Sawyer in Na
tional amateur golf play. Page 16.
W. M. Johnston, San Francisco, winner in
forest Hills match over Hackett. Page B.
Governor proclaims close of hunting m two
vuuiiues unui iorcei iires pass. fare o.
Pendleton Round-Up to be given at San
r rancisco Exposition. Page 1.
Commercial and Marine.
Wheat lower in local market, with no de
mand. - page 17.
Lowest prices for crop in Chicago wheat
maricet. .rage 17.
Stock trading checked by acute conditions
in zoreign credit situation. Page 17.
August wheat shipments from Portland
oreaK previous record. face 13.
Less than a 00,000 bales is Oregon hops es-
ii in ate. rage i.
Portland and Vicinity.
Lowell Bradford and Miss Lottie Grantham.
Tormer fellow students at Reed, to wed.
General G. W. Goethals discusses canal tolls
at Chamber of Commerce " luncheon.
Teachers of Multnomah County open instl
lute nere today. Page 7.
First special train leaves today for Astoria
regatta. rage 7.
Portland business gains big during August.
Bull Run River unusually low, but city
water supply is plentiful. Page 11.
Contest Just ended shows standard of milk
in rortiand is mgi. - Page 12.
Warrants charge eight-hour violations in
paving and bridge work. Page 13.
Nineteen of 3!) Incinerator laborer applicants
iu.ii in has La. rage J 4.
Weather report, data and forecast. Page 14.
RANCHER HAS CANNERY
Franklin County Farmer Makes Big
Peach Crop Saving.
PASCO, Wash.; Aug;. 1. (Special.)
John W. Kleeb. a lumberman of South
Bend, Wash., who owns one of the
largest irrigated ranches In Franklin
County. Is here spending the harvest
season on his farm. Since his arrival
he has shipped six carloads of peaches
and canned 8000 cans with a small
cannery which he established .on the
ranch this season.
During past years many peaches
have gone to waste because they could
not be marketed in time to save them.
This loss has been overcome this year
with the cannery.
SPY'S HEARING POSTPONED
German Held on British Forgery
Cliarge Says Case "Trumped Up."
NEW YORK. Aug. 31. When ar
raigned in Brooklyn on a Federal war
rant charging forgery amounting to
nearly $500 Ignatius T. Lincoln, for
merly a member of the British Parlia
ment and an admitted German spy, to
day asked that his case he adjourned
for a week. The request was granted.
The alleged forgery was committed
in .London. Lincoln said in court that
the charge "had been trumped up" in
order to get him back to England.
where he had reason to believe he
would be shot as a Bpy.
DEFIANT UNTIL THE LAST.
ONE BODY FOUND IN
F-4 IS IDENTIFIED
Cause of Submar;:is
Fate Yet Unsolved.
SEVERAL BODIES UNCOVERED
George T.Ashcroft, of LosAn-
.' geles, only Recognized.
DENTAL BRIDGE IS CLEW
Bout Filled With Debris and Sand,
Battery Plates and . Mud; Exam
ining Board to Make Report
to Washington Direct.
HONOLULU. Aug. 81. One body
found In the forward compartment of
the submarine F-4 was Identified today
as that of George T. Ashcroft, of Los
Angeles, gunner's mate, first class.
Ashcroft's body, although little more
than a group of bones, was Identified
by a dental bridge. Naval officials said.
More remnants of bodies have been
found in the interior of the submarine,
but there has been no further identifi
cation. The board of Inquiry expected
to cable the Navy Department late to
day the results of the investigation as
fart as it has gone.
Several Bodies Found.
Several bodies of the 22 men who
went down in the submarine F-4
March 25, were found entangled in the
wreckage of the interior.
A hole was ordered cut in the for
ward compartment of the submarine,
which so far has been inaccessible.
Preparations have been made to em
balm the bodies as soon as they are
The -hulk of the submarine, raised
and placed in drydock yesterday, to
day was exposed to view, the work of
pumping out the drydock and raising
the shattered and torn submarine
from the waters of the harbor having
been- completed during the night.
Vessel Killed with Debris.
The F-4 lies on her starboard side
in the drydock. When, the examining
board, composed of Read-Admiral C. J
Boush, Lieutenant-Commander Julius
A. Furer and Lieutenant Klrby B.
Crittenden, entered the vessel, they
found the starboard side and bottom
filled with debris, ba.ttery plates and
some sand and mud.
In addition to the gaping holes in
the stern of the submarine, a big hoi
has been torn in the forward part
F-4 KXOWX TO BE DEFECTIVE
Government Board Reports Serious
Weaknesses in All F Boats.
WASHINGTON. Aug. 31. Serious
weaknesses common, to all four of the
Navy's "F" type of submarine are
pointed out in the report, made public
today of the board of Inquiry which
made an investigation at Honolulu im
mediately after the loss of the F-4
(Concluded on Page -, Column I.)
Tuesdays War Moves
THE Russians thus far have prevent
X ed the Germans and Austrians from
carrying int- - ffect their efforts to
force b'" ,,-cwo extreme wings of
the - ,3St Grand Duke Nicholas. At
-vurthern cxtremltv of th. fmnt
mat portion o Field Marshal von Hln-
nenourg ao' ,y commanded by General
1 "111 fighting for the
S-Kehead south of Friedrlchstadt,
while the Austro-German forces under
General Bothmer, who broke through
the Russian lines on either side of
Brxesany. Galicla, have been checked
at some points on the Strlpa Klver.
Along the rest of the front, the Ger
mans claim to be making headway, al
though some who got through th for
est region east of Bialystok have suf
fered a reversal at the hands of the
Russian rear guard. The points of
most interest, however, are at the two
wings. The Germans near Friedrlch
stadt are well east of Riga, and mill
tary experts say that unless the Rub
slans can dispose of the considerable
force, so as to threaten the Teutonic
flan.c. it appears Improbable that Fried-
ncnsiaat can be held much longer
without grave danger. The threat
against the other wing is not so seri
ous, as it is more distant and difficul
ties or the country are too great for
In the Western theater of war th
French continue artillery attacks on
me Uerman lines and concentration
points without as yet any evidence of
a general offensive.
.The Italians are more active and re
port the capture of another strong
Austrian position southeast of Trent,
and of some Austrian trenches on the
Corso on the road to Trieste. Accord
ing to Italian accounts, the Italian
progress, while naturally slow on ac
count of the nature of the country to
be traversed, is continuous.
Except for the Turkish official re
ports already published, there is no
news of the fighting Saturday and
Sunday on the Gallipoli Peninsula.
It is understood that the Balkan
negotiations are moving more quickly.
The Bulgarian Minister had a long
conference Tuesday with Sir Edward
Grey, the British Minister of Foreign
Affairs, after which the Ambassador of
the entente powers and the Serbian
Minister called on the Foreign Minis
ter. September 1, 1014.
Austrians suffer severe defeat in
battle against Russians in Russian Po
land. General Pp.u. of the French army,
defeats German army of 50.000 near
Peronnes, according to report from
Japan takes isle in Kiau-Chau.
Thousands flee from Paris.
GERMAN AGE LIMIT RAISED
Law Providing Calling Men of 54
Causes Altercation in Reichstag.
COPENHAGEN, Denmark, via Lon
don. Aug. 31. The Folkeblad, of
Holding, a frontier Journal with excel
lent sources of information in Ger
many, states that there was recently
an altercation in the Reichstag con
cerning a national service law which
the German papers are forbidden to
"The law will increase the age limit
to 64," the newspaper says. "It auth
orizes the calling out of all men who
hitherto have been rejected on account
of their physical condition, including
even those who previously have not
been considered fit for the untrained
APPLE MEN HOLDING OUT
80 Cents Offered by North Dakota
House for C Grade.
NORTH YAKIMA. Wash., Aug. 31.
(Special.) Truman Butler. Hood River,
member of the executive committee
of the growers' council, came here to
day and joined Chairman Paulhamus
and G. -C. Corbaley in conference with
bankers and apple-shippers with ref
erence to an acceptance of the proposi
tion of Robinson & Co., of Grand Forks,
N. D., to purchase all available C grade
apples at 80 cents a box.
The offer is made on condition the
deal includes all C grade annlex in
the Northwest districts. Growers' coun
cil officials favor acceptance, but some
shippers are unwilling to go into the
deal and are holding out.
GIRL LANDS 29-INCH FISH
Fair Angler Establishes Record at
HOOD RIVER. Or.. Aug. 31. (Spe
cial.) Miss Katherine Baker, the 16-year-old
daughter of Mr. and Mrs. W.
3. Baker, who have been passing the
summer in camp near Hood River, has
made the record catch of fish for fair
Hood River anglers.
Miss Baker hooked and landed a 29V--
nch Steelhead. Plunging into the deep
water after the strong, game fish, the
young woman was drenched in the
game fight that followed.
RUSSIANS REPORT SUCCESS
Counter Attacks Over AVide Terri
tory Not 64 Guns, 3000 Men.
PETROGRAD, via London. Sept. 1.
Successful Russian counter attacks on
wide front in the Stripa River dis
trict. Eastern Galicia. are reported in a
Russian official statement given out
The Russians say they have'eaptured
3000 prisoners, 30 cannon and 34 ma-
china guns, r
HEALTHY IN AUGUST
Grain Export Gain Most
Gratifying of All.
VOLUME IS TREBLED IN YEAR
Building Permit Total Is Hun
dreds of Thousands More.
LIVESTOCK INCREASE IS BIG
Postofflce Showing Is Bert foe
Several Months and Regular Rise
in Bank Cleariugs Is Now
Anticipated for Future.
Figures of Portland's business
transaction's for the month of August
reflect a healthy state of affairs.
Improvements are evident in many
commercial and Industrial lines, par
ticularly in livestock receipts, grain ex
ports and building permits.
This was the first month in mora
than a year in which these departments
all showed substantial Increases. Mean
while the bank clearings, for the first
time in nearly a year, show a volume
equal to that of a year ago; the poet
office receipts are about equal to thoss
of August. 1914. and many other de
partments show Improvements.
Grain Exports Most CiratifylnR.
The most gratifying item in the
minds of Portland business men Is the
wonderful increase in grain exports.
The volume virtually is three times that
of a year ago.
nearly three quarters of a mill
bushels of wheat were moved ou.
the local port for export.
Lumber, on the other hand, moved
smaller quantities as compared wi
August. 1914. This is due primarily to
the war. The European buyers are out
of the market.
The heavy grain movement promises
to continue through the present month.
Many steamers already have been char
tered for this business.
Substantial improvement is reported
from the Union Stockyards in hog re
ceipts for the last month. A total of
14,907 head were received there in Au
gust. 1915, compared with 10.335 head
in the corresponding month a ytar
Pos (office Receipts Ga'nlng.
Portland poetofftce receipts for Au
gust, according to estimate made yes
terday by Assistant Postmaster Durand,
will be $93,000, as compared to $93,4
for August. 1914, and $87,878 for Au
gust, 1913. Though exact returns when
the books are balanced today may
change the estimate,. the change would
This is the best showing the postof
fice has made for any month of 1913.
Decreases in the amount of 1915 busi
ness over 1914 business were as higa
as $10,000 and $11,000 a month in Janu
ary and February. The decreases havo
gradually become smaller, however,
this month's receipts being less than
$300 under those of August, 1914.
Despite the fact that little wheat has
been paid for through the local banks,
the bank clearings for the month Just
closed are nearly as large as those of
August a year ago.
Clearings Showing Is Good.
For the last 12 months the Portland
bank clearings have been showing
varying losses from month to month,
due to the consolidation a year ago of
the First National Bank and the Se
curity Savings & Trust Co. It Is an
ticipated now that the clearings for the
remaining months of the year will eho
Following are the clearings for the
month of August for each of the lat
A US Tint Bank Clearing.
1309 . .
the previous three
July. 1B15 40.SBO.-JOS 00
June. 1015 4 l.UK'j.l'O'j. IS
May, l'jlo 1,Uo2.S1U.TO
The number of building permits is
sued during August was 416. with a to
tal valuation of $728, S70. This Is the
biggest month since last December.
In August a year ago there.- were
610 permits of a value of $409,390. In.
July of this year there were '328 per
mits of a total value of $37:1, 37o.
TRADE BALANCE INCREASES
Weekly Imjtorts and Exports State
ment Best Since March 13.
WASHINGTON. Aug. 31. The great
est favorable trade balance since
March 13 was shown today by the
statement of weekly imports and ex
ports for the week ending August 28.
The favorable balance for the week
Exports were $60,311,764, and im
ports were $27,042,725.
Ex-President of Ecuador Is Dead.
GENEVA. Switzerland. via Paris,
Aug. 31. Antonio Flores. ex-President
of Ecuador, is dead here.
Senor Flores was elected to tiie
Prejidency of Ecuador in ISSs. and
served Uie term of four years.
i : v
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