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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Oct. 4, 1915)
TTTE MORXTyCr OTIVGO'STAJS. BTOXDAT. OCTOBER 4; 1915. LUMBER TRADE FIRM Demand From Middle West Gives Encouraging Tone.. SHARP REVIVAL EXPECTED European Business, Long at Stand still, Expected to .Develop Rap idly as Soon, as War Ends. Rates Are Ktxed. A firmer tone has developed in the Northwestern lumber market in the laat few weeks and Portland lumber men believe that before the first of the year the trade will have recovered, par tially at least, from the depression that has been governing it for the last two or three years. Inasmuch as the chief demand for Northwestern lumber comes from the iliddie West, it is encouraging1 to those who are in touch with the trade to learn that a growing volume of inquir ies now is coming out of the Middle Western territory. The European trade, which has been at a standstill ever since the war, is expected to recover as' soon as peace is declared. In many quarters a decided revival is looked for after the war. Many marts of France and Belgium will have to be rebuilt, it is pointed out, and the lumber will have to come from the Northwest. Portland Demand Light. On the other hand, the local demand Is not up to normal at this time. Con struction work in the Northwest is not up to the usual volume. In view of the prospective increasing demand, lumbermen have arranged to replace their rates on the standards that prevailed before the depression. At the meeting of the West Coast Lumber Manufacturers at Tacoma on Friday the following scale of rates was agreed upon: Slash grain flooring, $16; siding, $15; Al 8 by 10 boards, $.50; 12-foot boards. $9. This scale, it is pointed out, will en able the mils to operate at a reason able profit. When the business fell off a few years ago prices fell to a level that made reasonable return impos sible, lumbermen say. The Tacoma meeting also took action that will permit' the logging companies to Join the West Coast Association. A proposal to this end was made at the Portland meeting a month ago. Fur ther co-operation between loggers and manufacturers now is expected. The recent demand for lumber in California that necessitated a demand for a, large number of freight cars is one of the encouraging signs in lumber circles. It is predicted that this de mand will be followed by similar or ders from the Middle West, where far mers are expected to be in the market following the sale of their crops. Heavy Buying Expected In Spring. The report of the committee that recommended the advance in rates at the Tacoma meeting was of a most optimistic nature. "We anticipate that Spring buying will be extremely heavy and will come earlier next year than ever before,1 waid the committee. "We believe the lumbermen should receive more money for their product. Prices have been the lowest ever known and conditions now have changed to the point where it is believed to be just for the lumber in terests to advance their prices and en deavor to place themselves on a basis tv hare they will, at least, be enabled to make a little more than their expenses. "It is probable that a score or more of mills which have been closed for several months some of them for sev eral years -will, when they learn of the intended advance, reopen them. Danger of Surplus Pointed Out. "However, if too many of them do so and resume cutting on a large scale, it may mean that prices will ease off n gain. "Of course we cannot dictate to own ers to open or not to do so; that is a matter entirely up to them. They must look into the future and decide their action for themselves. Demand for logs also has improved In the last few weeks, but prices re main stationary. There is an ample supply of logs, it Is reported, for all Immediate demands and no new opera tions on any extensive scale are ex pected before Spring. CAPITAL ISNQT SATISFIED Electric Railway Man Says Oppor tunity Now Is Uninviting. Further capital investment in elec tric railway development is economic ally impossible so long as the earnings of investors are restricted and the business is not given opportunity to develop, said C. Loom i a Allen, presi dent of the American Electric Railway Association, while here last week. "The investor is timid," he said, "and he will seek new fields in which to employ his money unless he is given the protection he requires and the rate of return that he must have the ade quate wages of his money. That con dition does not prevail in our business today. The electric railway field should yield a fair return for the cap ital invested. If it is not permitted to earn a fair- wage, it cannot develop further; it cannot further extend the boundaries of your city or of any other city. It must stand still, and a bust ness that does not go forward is not an enterprise for any community to be proud of, especially if it is an industry like the electric railroad that is a vital necessity to the well-being of the public." "SAFETY" RESULTS SHOWN CI vica ro & Nor th we s t cr n Has X t -able Decrease in loss of 1-ife. Definite results from the "Safety First" movement are shown in the cur rent reports of the Chicago & North western Railway, which has kept an accurate record of the accidents on that road during: the live years in which the safety rules have been in effect. The following statement shows the reduction in the number of accidents for the five years ended June 30. 1915, as compared with the five years before the safety first organization was ef 4cted: Decrease. Fewer P.O. Trainmen k!I!ed 80 42.1 Trainmen injured 791 47.9 Switchmen killed 47.7 Switchmen injured 66 17.4 Statlonmen killed ............... 23 T.e stttlonmen injured T3rv UO.i Trackmen killed 55 Stt.iJ Trackmen injured .' 24111 -S.6 "Prid semen killed 3 I'O.O Bridgemen Injured 561! 35. J Shop and roundhouse men killed.. 4 -0.0 Shop ejid roundhouse men Injured. 104S 16.3 Unclassified employes killed 4 11.5 15,010 IN BANKERS' "UNION" American Association Gains 2 9 0 Members Daring Year. An asreftate of 15.010 members was reported lor the American Bankers' Association at the recent annual con vention in Seattle by Colonel Fred E. Farnsworth, National secretary. This is an increase of 290 over the previous year. Mr. Farnsworth points out that the membership now includes all the banks of the principal cities of the country and the larger portion of the banks in the smaller cities. Those that remain without the fold are probably the small country banks that do not realize the benefits that membership confers. "I am glad to state that wfr have the 12 reserve banks in the association, and that they pay their dues the same as the rest of the members, he re ported.' "New York State, with 993, holds the banner for membership; Pennsylvania is second with 937, and Illinois is third with 920. The largest increase for the fiscal year in in Kansas, which has a net gain of 42. Iowa is next with a net gain of 31." EGGS ARE SENT ABROAD EUGENE MAX SEXDS CONSIGN MENTS TO ENGLAND. Patent Crate TJaed Aa Test la Started Back, bat la Lost by Customs Officers. EUGENE, Or., Oct 3. (Special.) Purchased in Eugene at 20 cents a doz en, eggs shipped in 24-dozen lots can be sold in Ramsgate, England, at a profit of 14 cents a dozen, after de ducting: the purchase price of two par cel post egg crates at $1 each, accord ing to W. W. Ebbett. of the Buck Box Factory, who yesterday received word that 24 dozen eggs, shipped from this city August 9 had arrived at their destination safely. Twelve dozen eggs were delivered at the auxiliary hos pital in Ramsgate as a contribution by Mr. Ebbett to wounded soldiers from the front. He has five brothers in active service, one on territorial duty at home, and two, in the training camps. A previous shipment of 12 dozen eggs was made from Eugene to Rams gate and but four eggs were broken in traveling a distance by rail and water of about 6000 miles, pre vailing market quotation on eggs in Ramsgate. at the present time, is four for a shilling, which would amount to 72 cents per dozen. Before the war eggs sold at eight pence, or 16 cents a dozen. Mr. Ebbett states that the eggs coet him $4.80. He paid 7.20 express. The price of crates,' If purchased, would be $2. . This would make a total expense of $14. The eggs, if sold in Ramsgate at the prevailing price, would bring $17.38, leaving a net profit of $3.38. The purpose of the original ship ment of 12 dozen eggs was to test the carrying qualities of the Buck parcel post egg crate, manufactured in this city. It was started on the homeward rip, but a customs official in New York, believing it worthless, thrdw it onto a board pile, and it wu carted away, UNION PACIFIC BILL CLEAN Transcontinental Road Has Record -Ot Not Killing Passenger In Year. How American railroads have elim inated th dangers of travel In the last few years is well illustrated in the case of the Union Pacific, which last year carried 8,951.364 passengers with out the loss of a single life. "This." comments the Wall Street Journal, "includes not only passengers on trains, but passenger getting off and on trains. It covers not only the Union Pacific proper, but the Oregon Short Line and the O.-W. R. & N, Com pany, which are parts of the Union Pacific system. "The report of the Interstate Com merce Commission will give the Union Pacific an absolutely clean bill of health In its fulfillment of its duty to the safety of Its millions of passen gers. "It is only a few years & crt that the railroad men of England, when con fronted with the superiority of the American railroads in many respects. would shake their heads and point graveiy xo me immense loss of life on our roads. The challenge was at length taken up by our railroads. -Since then, simply by the will to do it, great rail systems many times as large as anything England have been able to oring In a record of 'not one passen ger killed.' "This marvelous feat was accom plished first by the intelligent appre ciation of the situation by the direct ing minds among our carriers. But the high officials themselves are the first to say that the real credit belongs to the working employes. These men in thousands of positions have wel comed with a man's eagerness the re sponsibility implied in 'Safety First." America should be proud of them." MILWAUKEE WORK GOES ON Electrification or First Link Due for Completion Within Month. It is probable that the first 100 miles of road now being electrified by the , ujucasa. jiauwiiuKce k est. raui inrougn Montana will be opened for operation by electricity before the end of the present month. By the end of the year another stretch approximating 100 miles will also bo put in commission. Euring 1916 the coirrpany will devote its at tention to electrifying the remainder of the mountain division .covered , by plans made, and this mileage, approxi mately 200 miles, should be completely electrified by the end of next year. The cost of electrification for the St. Paul railroad will approximate $9,000, 000. What may bo expected of this ex penditure finds answer in the achieve ment of the Butte-Anaconda & Pa cific Railway under electrification. This road's operating ratio has been cut from 75 per cent to 65 per cent, and the train load increased 50 per cent. This showing has been all the more remarkable from the fact that when operating under steam it pos sessed the largest locomotives ob tainable. BANK EXPECTED TO MOVE i Canadian Institution Likely to Get More Central Location. While no definite arrangements have been made, it is considered prob able that the Portland branch of the Canadian Bank of Commerce will find an "uptown" home before another year is out. It is understood that negotiations now are in progress for lease of the corner room in the Yeon building: at Fifth and Alder streets. The Can adian Bank is expected soon to follow the lead of other banks and of mer cantile houses toward the western center of the business district. Xew Bend Road to Start Soon. It is expected that the newly or ganized Central Oregon Bank of Bend soon will be ready for business. The bank has been incorporated by Rose burg capitalists with stock of 125,000. The orsknisers are W. L. Cobb. 3. M. Throne and W. S. Hamilton, of Rose- burg. L. Cobb will be president of the bank and his brother, Thomas Cobb, cashier. Mr. Thorns is cashier of the Umpq.ua Bank of Roseburg, ' RURAL CREDIT PENDS Myron T. Herrick Says Co-operation Is Solution. GOVERNMENT 'AID OPPOSED Theory Held That Farmers Have Sufficient Assets .Themselves to Form Substantial Basis of Credit With Bankers. Bankers individually, clearing-house associations, chambers of commerce and business men generally must make organized effort to procure proper leg islation that will assist the farmers in obtaining: an adequate system of farm loans in this country, says Myron T. Herrick. ex-Governor of Ohio, ex-president of the American Bankers' Asso ciation and ex-Ambassador to France, who visited Portland last week. Mr. Herrick does not believe in the Idea of authorizing the states of the Nation to lend money to the farmers. He points out that the farmers them selves have sufficient assets to form a substantial basis of credit, and that the banks can lend them the money as satisfactorily as can the Govern ment. Co-operation Declared Heed. All that is necessary; he declares, is for the farmers to organize and to co operate. That is the problem confront ing the bankers and others who are seeking to solve the rural credit prob lem. "The rural credit movement will not blow over." he asserted. "It has come to stay until all of its problems are settled. " Roosevelt, Taft and Wilson and their parties in convention pledged it their support. A joint Congressional committee is now at work, and must, by January 1, 1916, submit a new bill to Congress. Next Summer comes a Presidential campaign, which will bring more urgent demands for the fulfillment of the promises that have been made to farmers. Thus far it has not become a. party question, and let us hope that it does not become one. It is likely to have troubles enough without getting Into politics. Public Interest Urged. "Unless the country awakens soon to the danger of letting this movement run wild, laws are liable to be passed that will precipitate existing financial systems and involve the credit of the Government and the state in farm mortgaging during years of bad crops and financial depressions. The busi ness men of the country personally, and through their various organiza tions, are showing a. keen interest and taking a positive stand, such as has not heretofore obtained, on every im portant public question. Why not do the same with rural credits, which is now one of the most vital questions before the country? "It would be well for business and financial men now to join the think ers and theorists and with practical advice assist the farmers in the con summation of this great object." SLIDES WILL SHOW WAY STEREOPT1CON TO BE USED AS A GUIDE TO HEALTH. Federal Government Frovidea IjOaa Library for ITao of Individuals Throughout Country. WASHINGTON. Oct. 1. The United States Public Health Service believes that "education is the road to sanitary progress. To this end it has estab lished a stereopticon loan library, prob. ably the first of its kind, which is dally sending out slides on the request of sanitarians, educators and other per sons interested in the promulgation of the doctrine of personal hygiene and puDiio sanitation. The officials of the Nebraska State fair desired to stage a series of popu lar lectures on hygiene and sanitation. They applied to the Surgeon-General of the United States Public Health service lor siwes. Catalogues contain ing photographs of the slides and de scriptive matter were immediately for warded to the officials of the fair, to gether with a blank on which to make request for various slides. The fair officials filled out the requisition and returned the catalogue to the Surgeon General. The slides were packed and shipped, and when the lectures have been given they will be re-packed and returned to the Surgeon-General. In this way a large number of people will nave received this important informa tion in a pleasing manner. The stereopticon loan library covers a wioe range or suDjects, rrom sanitary conditions in Alaska to yellow fever. There .-ire special collections on the dis eases of children, hookworm, leprosy, malaria, milk production, mouth hy giene, pellagra, plague, rural schools. smallpox, tropical diseases, tubercu losis, and typhoid fever. Each of the sets is In duplicate and in the case of the more f reauentlv used slides there are several sets. Not only are the services of the stereopticon loan library utilized by many private individuals, but the officers of the Pub lic Health Service and state and local health officials ' throughout the coun try are making use of this system of public health education. PRISON RULE TIGHTENED Sing Sing Welfare League leader Dumfoundod by Change. NEW YORK. Sept. 27. Leaders of the Mutual Welfare League of Sing Sing Prison, dumfounded by a rebuke given "O. K." Bill Meyers, efficiency engineer of the league, learned that Elih'i Church, new deputy of Warden Thomas Mott Osbourne, means to put an end to inmates running the place. Church, who succeeds Charles H. Johnson, is a member of the Seventh regiment and a strict disciDlinarlan. Two distinct jolta given the league, for wnich tney were unable to obtain re dress, indicated to the prison employes that from now on discipline was to be tigntened. According to keepers, the leaders of the league are much put out over the suppression of "O. X. Bill." who lately had given the Impression in the State Capitol at Albany that he was prac tically running the prison. Heretofore "O. K. Bill" has had a part in directing funerals, operas, lec tures, athletic games, feastsand prison politics. Whenever the league was con cerned with any prison event 0. K. Bill" always played the leading part. He had got into the habit of running promiscuously around the prison from one department to the other, something forbidden by the prison rules. The warden's office saw almost as much of him as did the cell-block. The story goes that "O. K. Bill" en tered the office on some trifling er rand and ran up against the new dep uty. When Church told him he would permit him in the office but once every day thereafter, "O, .K, Bill" protested f that he had business there, both morn ing and afternoon. Church then told him, it is said, that he could have two audiences each day, but said he didn't care to see "O. KL Bill" around the office more often than that. "O. K. Bill," provoked, complained to the other leaders of the league. They, however, cautioned him to be silent, as they understood Mr. Church had re ceived a free hand from Mr. Osborne to make such rules as he pleases In disciplining the Inmates and prison employes. The disappointed league members found some comfort in the report tbat a prison employe was also "raked over" by Mr. Church. Their information Is that Storekeeper Kelley was called to task because he went to the league executive committee to try to smooth over their ruffled feelings, because the food did not exactly please them. The prison rumors are that Church let it be known that civilian employes need give no account of their official actions to Inmates, but only to the warden's office. Mr. Church already has begun to jack up the office force and is systematiz ing the clerical work. When this is finished the inmates understand -some sweeping reforms are to be made in the cell-block, prison kitchen, mess hall and the Industries department. While some ot the inmates are dis couraged because ot the jolts they have received, they had to suffer in silence. Mr. Osborne Is at his home in Auburn, and they have no appeal. Even when he gets back, most of them feel he will decline to Interfere, and they have de cided to make the beat of the new order of things. Elihu C. Church is 84 years old. Since taking his engineering degree he has specialized in managing big enter prises. As secretary of the department of water, gas and electricity he sys tematized the purchasing of supplies. He is a member of many engineering and patriotic societies and a sergeant In the Seventh regiment. PASTORS LEARN FAULTS TOO MUCH SOLEMNITY IX SERMOX IS MINISTER'S COMPLAINT. Churches Should Provide Fun for Young People to Take Place of Amnae anents Banned, View. WINONA LAKE, Ind., Sept. 24. Thump! Thump! Thump! The minister stood by the piano and pounded ten times on the lowest bass note. Trill! Trill! Trill! The minister struck lightly two keys on the piano high in the treble clef. ' "You don't like it, do your" he said to the audience. Then he told the pianist to play the scales and a number of harmonious mu sical phrases. The speaker was the Rev. George R. Stuart, of Knoxvllle. Tena, and he was telling the ministers at the Winona Bible conference bow to preach. "Some of you ministers," he said, "just thump ' along on the same old solemn tone and theme all of the time. You never smile. You never unbend. Some of you are always light and airy. Whenever you speak the people expect nothing but trivialities. The right way is to sweep the whole gamut of human life and mingle the smiles and tears, the solemn and the happy experiences of life." Not satisfied that the illustration had taken firm enough hold. Dr. Stuart stood on one leg and talked until he became unsteady. "Finally, brethren," he said, "do you get it? A minister can't preach as well standing on one leg as he can on two." Dr. Stuart said there was a lot of good humor in the Bible; that laughter, singing and whistling had a rightful place in every man's, as well as In every ministers life. "If we say to our church members: 'Don't dance; don't go to the theater. don't go to the picture shows,' we ought to give them a little fun In the church, for fun is as normal to human nature as love is." A baseball game between the mission workers and the evangelists resulted In a victory for the mission workers by a score of 12 to 7. The Interdenominational Association of Evangelists voted to discontinue the practice of accepting presents when conducting revival meetings. They pre- Dared a plan which will be submitted to the federal council of the Churches of Christ in America for a Nation-wide revival. BOND HOUSES ARE CHARY C. K. Williams Says Irrigation and Timber Securities Under Cloud. C. K. Williams, manager for Mor ris Bros.. investment bankers, re turned last week from the annual con vention of the Investment Banners' Association at Denver. Mr. Williams is quoted in the Pacific Banker as saying that no action was taken, following a long discussion, on the attitude that the investment bank ers shall take on the bonds of trrlga tion and reclamation projects, which are now quite thoroughly discredited with investment houses. The Informa tion given out by many members of the association and their experiences with them, also show that timber bonds,, in many instances, are almost as badly discredited as irrigation dis trict bonds. This has been due to speculation in timber and an alto gether false assumption of values of timber and timber lands. Municipal bonds, in general, were quite freely discussed, but no reference was mado to the bonds issued by any particular community. COTERIE LUNCHEON IS SET First Affair of Season to Be Held Wednesday, Beginning at 11:30. The first luncheon of the Coterie for the season will be held Wednesday at 12:30 o'clock at Hotel Benson. The luncheon will be preceded by the pro gramme, which begins at 11:30 o'clock sharply. It will consist of piano solo by Miss Ruth Crittenden; poem by Mrs. D. T. Soden; illustrated talk on Yel lowstone Park by Mrs. Robert Berger: vocal solo. Miss Laura Shay, and table talks, "The Orient," by Mrs. B. F. Weaver, and "What Impressed Me Most at the Panama-Pacific International Exposition," by Mrs. Edward T. Root. The Coterie will maintain its head quarters- and meeting places again, this year on the second floor of the Ben son. Spain demotes 3.500,000 acres to olives. The Superior Merits of Our System Will be self-evident if given a triaL A commercial and savings department at your service. 4 Interest Paid on Savings Deposits. MERCHANTS NATIONAL BANK Fpunded 1886 Washington and Fourth Sts. A f tl ERICA TO RULE Henry Clews Foresees Golden Harvest From War. EXPORT -TRADE EXPECTED xw York Banker Says This Conn- try Will Supply Cash and Sup plies for Regeneration of Eu rope When Peace Comes. It is safe ffr tfe- Kanl,... . 1. . United States to conduct their business wnn the confident assurance that this country will not be drawn into the war. says Henry Clews, the New York bank er and financial authority, in his cur rent letter on trade and financial ren ditions. "So long as the conflict lasts hnw. ever." says Mr. Clews, "there unques tionably will bo ever recurrent shocks. These are the natural concomitants of war and must be expected. But there Is neither desire nor object on the part of the countries at present at war to force America into the struggle; and there certainly is In a large sense noth ing to gain and much to lose if we were to participate voluntarily. Hence with the complete absence of incentive it seems reasonable to conclude that the Immediate future of the market situa tion may be judged on the basis that we are not to become actual partici pants. War Compensations Noted. "Granting this, while there la not ant 10 oe any immediate Improvement In our foreign trade of what may be termea routine Character with Europe, we will continue to possess some com pensation in the form of activity in supplying not only the demands for war material but the products which neutral nations need and which here tofore have been so largely furnished oy tne countries that are now at war for Instance the South American rtnub. lies to which our exports have already oegun to show gratifying Increases. "While the so-called war specialties have made further advances during the week there has been a perceptible broadening of the demand to include the older classes of railroad and other dividend-paying securities. Great Kotnre Predicted. "With a war which already has been In progress more than a year, costing Great Britain on an average 17,500,000 a day and the other warring countries proportionate amounts, it is obvious that capital Ig being wasted at a rate that even after the war has ended will require many years to restore. "America will be called upon to as sume the task for which our wealth and energy and genius so peculiarly fit us. No other 'source is available. Hav ing reached maturity in our own finan cial stature, we must at once undertake our obligations to weaker nations. In this respect banking and manufactur ing and transportation go hand in hand. Where our bankers supply the funds for building railroads, our loco motive works and car manufacturers will furnish the rolling stock and our steel companies the steel rails and bridges and our colleges the engineers. If Congress can be induced to correct our navigation laws American ships will carry our exports to these nations and will bring our Imports from them. What is true of railroad development will apply to other branches of activi ties such as public utilities, building construction and the numerous other avenues for enterprise that so readily suggest themselves." WAR LOAN IS NOT WANTED Portland Banks Find Ample Demand For Money at Home. It is not probable that Portland banks will participate generally in the war loan to the British and French gov ernments recently negotiated by J. P. Morgan and other New York bankers. The question was Informally dis eussed at the meeting of the Portland Clearing-House last week, and a de cision reached that so far as the Clearing-House is concerned no action will be taken. If any Portland banka want to Invest In the loan as individuals they may do so. It Is believed, however, that no heavy investments will be made in the loan, as the local banks have ample use for their money for other purposes, they say. FORD'S BANK GROWS FAST Premier Institution in Country Is Hill Interest in St. Paul. In answer to the query, "Which bank is growing fastest?" the Coast Banker of San Francisco submits the following: "The fastest growing bank in the United States is the First National Bank of St. Paul, of which Louis W. Hill, son of James J. Hill, is president. Deposits of this bank have increased S22.500.000. The next fastest growing bank in the United States is the High land Park State Bank, located in a suburb of Detroit. Mich. This bank is owned by Henry Ford, the manufac turer of the Ford automobile, and his associates in that company. Its de posits in five years have Increased $19, 000,000." Experiments by a British expert of refor esting som of th hills of China taavo led to the establishment of a comprehensive course in forestry In a university In that rn'in-T City Loans on improved properties. Commerce Safe Dep. and Mortgage Co. 91 Third St, Chamber of Commerce Bldg. Avoid Bad The United States 4 National Bank Third and Oak Streets . Portland, Or. Capital and Surplus $2,000,000. The First National Bank OF PORTLAND, OREGON Offers to the public all the advantages of an old, reliable and well connected institution. It seeks to characterize every transaction with integrity, promptness and courtesy. Capital and Surplus THE BANK OF CALIFORNIA NATIONAL ASSOCIATION cf San Francisco. Founded 1864 Capital paid in gold coin $8,500,000.00 Surplus and undivided profits 8,232,962.26 Commercial Banking. Interest paid on Time and Savings Deposits. PORTLAND BRANCH, Corner Third and Stark Sts. Wm. A. MacRae J. T. Burtchaell Manager. Assistant Manager. THE BEST EVIDENCE OF OUR CONTIN UAL AND RAPID GROWTH IS THE GREAT NUMBER OF SATISFIED CUSTOMERS WHO ARE DOING BUSINESS WITH US. THE NORTHWESTERN NATIONAL BANK The Canadian Bank of Commerce HEAD OFFICE Toronto, Canada. Established 1867. A general banking business transacted. Interest paid on time deposits. Coa aerclal t,ettera ot Credit laaaed. Eickaair en lAndoa. Enajland. Bought aad Sold. PORTLAND BRANCH. Corner Second and Stark Sts. F. C MA LP AS. Manager. TRA VCT.ER3 OCIOB. ( San Francisco Los Angeles (Wlthaat Cl.aaa: Ka Roate) The Bis. Clean. Comforts ble. -tilearantly Appointed, aoacoUaff 9teamahip S. S. ROSE CITY Salla from Alnawertn Dock S P. M OCTOBER S. lOO Golden Mllea oa Colnmbla Rtver. All Rate Include Bertha and Meal. Table and Servicc 17 nexeelled. The Saa Kranelseo A Portland S. 9. Co, Third aad W aahlngton Street (with O.-W. B. A N. Co.) Tel. Broad way 4SOO. A S121. r - mient ant raenirt?r 6TAyi.KN TO THK DALLES and Wjr Laodlnr. "BAILEY GATZERT" Leav fuiiietna ai i A- M except Sunday and Menday bund.) excurlou to Caccad Locks leave it a. M. "DALLES CITY" lea.vea Hortiana ;atlu. luuradar end Sunday at l-.UO A. M. Sanaa Cnacade !. Exrttralon. ,L. Fare to Tbe Dallea and Krtnra t. ALDEft-ST. DOCK. POKTI.AND. Fbonea Main 814. A SIM. f MUUini.l!i MT. HOOD AUTO STAGES Dally to Mount Hood retort I a. M Hound trio 15; Oov. CanBD t7.6a. special rata for ra-od and clinia. ins partlea. lufonsaUoo. raacrvatioaa and ticket at KUITLKDUK KITED I1XRAI. CO, low td in. Mala I9M, A tail. v Investments Many people are kept poor by such mistakes. Consult your bankers on financial matters. They are in a position to assist you. The officers of this bank will wel come inquiries at any time. - - - $3,500,000 TKAVKl.RRS' tiriPB. FRENCH LINE Com-patnil Uetierale Tranaatlantiqua, I'OSTAL S&VIC1. Sailings From NEW iOAK to BORDEAUX CHICAGO Oct. 16, 3 P. M. LA TOURAINE Oct. 23. 3 P. M. ESPAGNE Oct. 30.. 3 P. M. ROCHAMBEAU Nov. 6.3 P.M. THE NEW QUADRUPLE SCREW S. S. LAFAYETTE Maiden Trip From N." Y. Nov. 13. "OS INKUKMA t'luh tFPLI C. W Mincer. KB nth at.. A. I. I harlton. :K5 Morrison t-i K. K. iarrioa. C. M. A fc t. P. Rt.j Ilorwj B. hmilh, 116 td St.: K. L Balrd. 100 Kd ml.: H Ulckaon. JU8 W ash Incton at.: North Hank Knad. tb aad Sta ata.t V- MrKirimri, &d and Wahlngtoe at.: C B. Duff j. in Id at.. rorUaaa. NORTH PACIFIC STEAMSHIP CO. San Francisco SANTA BARBARA, LOS ANGELES AND SAN DIEGO. S. S. ROANOKE Ball w dneadnj. October , S 1. M. COOS BAY ECKEKA AND SAN I-KAN CISCO. S. S. KILBURN Bail Tneaday, October S. Ticket Office 122 A Third St. Phones Main 1314, A 1314. American-Hawaiian Steamship Co. C D. Kennedy. Art. . AUSTRALIA NEW ZEALAND AND SOUTH SEAS. Regular, tb rousts Millar; toT Sydney rt TablU and Wellington tr-.ni San Francisco. October 18, Novmbr 10, December a, and t-t SS dava . Bend far pamphlet. Cnion bteameh.D Ca.. si New Zetland, Lta. Office 4 7 Market street. San irrawteoa, a iocai ft. H. aaJ at. H. agaata. COOS BAY LINE Steamer Breakwa te Account of Repairs Sailing Dates Indefinitely Postponed fijr' Between Ezpreaa tA fttj THWa Gk fcrllaad f rcllht fcn Hfc&rfoJjd fork STfjr Boatoa . stark St- raruua. TWnlfVl-ft-i