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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Jan. 10, 1917)
TIIE MORNIXG OREGONIAN, WEDNESDAY, JANUARY 10. 1917. 3 STOCK SALES TURN 0NQNE5H0RTWDRD Bernard Baruch Says He Be gan Selling When Lloyd George Said "But." "INSIDE TIP" IS DENIED Financier Tells How He Bought Again on Day After British Pre mier's Speech No Deal- ings Had With Tumulty. WASHINGTON, Jan. 9. Bernard Ba ruch, of New York, denied before the House rules committee today that he had any advance information regard ing President Wilson's recent peace note. "I had no information of any nature from anyone connected directly or in directly with the Administration or from any other sources in connection with the President's peace note or Von Bethmann-Hollweg's speech until I read of them in the newspapers." Baruch was named by the mysterious "A. Curtis" in a letter to Representa tive Wood, of Indiana, as having profit ed largely by "leak" information on the note by selling "short" on United States Steel. Cable A'etTi Affects Market. Baruch said he first learned of the President's peace note on the morning that it was issued At the time of the market flurry, he said, he had been buying United States Steel. "The thing that affected the market,' said Baruch, "was. first. Von Beth mann-Holl weg'e peace note from Ger many. That was followed by Lloyd George's speech in Parliament, which at the outset tended to strengthen the market on December 19. The first ca ble bulletins said that Lloyd George refused to consider peace at all. Later, as the full speech came through, Lloyd George went on to say 'but,' and left the door open to possible peace nego tiations. That caused a decline in the market. It was a notice to the world that there was no final bar to peace. and, whether it was coming at once or not, we had to turn our minds to its effect on the market. "But" la Bear Argument. "Bearing this situation before me, I sold the market short on Tuesday be fore the speech and during the speech. particularly when Lloyd George uttered the word but. "The next day I bought a little over one-third of the stocks I was short on. or more than one-half of the stock I had sold on the Lloyd George speech. On December 20, the day after the Lloyd George speech, I bought a large amount, continuing to buy to cover my short!, and I also bought some long. I knew nothing of the President's note until It was published on the morning or uecember 21." Baruch'a announcement that his con tributions to the Democratic National campaign fund last year totaled J50,- 000 instead of $35,000, as has been cur. rently reported, has arounsed some in terest in the committee. No Conference With Tumulty. While " closely associated with the members of the Administration, Baruch said, in answer to interrogations, he could not consult the executive offices on such matters as notes without em barrassment. Baruch denied as absolutely false the charges that he conferred with Secre tary Tumulty at the Biltmore Hotel in New York, and also denied that he was registered there. He said he knew no broker-by the name of ' "A. Curtis." made plans for the campaign for fund. The campaign will begin January 16. in addition to Miss Holbrook the following officers were elected: Mrs. Charles Basey, first vice-president, chairman business department; Airs. William D. Wheelwright, second vice president and travelers' aid chairman; Mrs. William Bushnell Osborn, third vice-president and educational chair man; Mrs. Joseph T. Andrus. fourth vice-president, Bible and mission study chairman; Mrs. Charles T. Kamm. fifth vice-president and social chairman; Mrs. James F. Failing, treasurer; Mrs. Charles A. Morden. recording secretary; Mrs. Edwin P. Northrup. corresponding secretary. Mrs. O. A. Lyman, Mrs. Kelly Rees and Miss Isabella Gauld, the new mem bers elected last week to the board, were present at the meeting yesterday. Miss Jane Scott, field secretary of the Northwest, also was present. Miss Scott will assist in the annual cam paign for funds to complete the budget. Parlor meetings are being held in va rious parts of the city in preparation for the event. Mrs. H. R. Albee enter tained some of the secretaries and sev eral women of Irvington yesterday at her home in Laurelhurst. $22,000 SUIT DELAYED DEFENSE IN COIN MACHINE CASE AFFIRMS WILLINGNESS TO ACT. They Company Representatives Say Will Deliver Patent Rights if Money Is Forthcoming;. Suit against S. M. Mears as receiver for the United States Cashier Company and Thomas Bilyeu, inventor of the coin machine which had been exploited by the bankrupt corporation, was opened in the Circuit Court yesterday in an attempt to collect $22,000 alleged to be due R. A. Hume as commission on a contract for the sale of patent rights in Great Britain. The plaintiff contended that the $22.- 000 is for four commissions, which would have been made on the sale of patent rights in Great Britain for $75.- 000 had the United States Cashier Com pany carried out its part of a contract to deliver those rights. . The defense before Circuit Judge MOrrow asserted that the company was at all times willing to turn over these rights, but that no money was ever forthcoming for them. At the close of the day Mr. Hume offered to testify to the readiness of the English capitalists interested to buy the patents, when Judge Morrow stopped the proceedings. "It appears to me that this would be hearsay testimony," he said. Attorney B. G. Skulason, appearing for the plaintiff, admitted this was an important point. As there are no depo sitions from the Englishmen, on file, decision on the introduction of this evidence may decide the case before the issues are all submitted. The trial was postponed until 10 o'clock this morning. JUDGE M. A. ROOT DIES EX-SUPREME JUSTICE INVOLVED IN 1008 SCANDAL PASSES. Pneumonia Fatal to Jurist Opposed by Seattle Bar on Charge of Im proper Conduct on Bench. EMBARGO PUT ON SPRUCE England to Permit Xo More ports for Aeroplane Stock. Im- ABERDEEN. Wash., Jan. 9. (Spe cial.) Importation of clear silver spruce for aeroplane stock has been prohibited by the English government, according to notification received to day from British Consul Harry L. Sher wood, of Portland. A slump in spruce prices may ronow. About 2a,000,000 feet of SDruce for aeroplano purposes has been shipped to the entente countries from coast mills in the past year. The price which before the war in 1914 was around $25, has soared to more than $90 a thousand. SEATTLE, Wash., Jan. 9. Milo A. Root, 54 years old, ex-Justice of the Washington State Supreme Court, died here today of pneumonia. He had been ill three weeks. . Judge Root came to Washington ter ritory from Albany, N. Y., in 1884. He was Probate Judge and Prosecuting Attorney for two terms in each position in Olympia. and was appointed to the Supreme Court by Governor Mead in 1905. Judge Root resigned from the supreme bench early in 1909. He was an unsuccessful candidate at the re cent election for Judge of the Superior Court of King County. Judge Root resigned from the bu- preme Bench while the State Bar As sociation was investigating charges that he had permitted a railroad at torney to write an opinion in a case in volving the railroad. It was alleged that the railroad attorney not only pre pared the opinion, but that it was sub mitted to the chief counsel for the rail road before Judge Root filed the opin ion. The charges and the resignation of Judge Root attracted National at tention. Last Autumn, when he sought elec tion as Superior Judge of King County, the Seattle Bar Association adopted resolutions disapproving his candidacy and reviewing the events of 1908. GERMAN DEFENDS MUNITIONS TRADE Lokal Anzeiger Tells "Yankee Haters" Their Position Is ' Legally Untenable. basketball team will leave here tomor row for Eugene on their first trip of the season. They will meet the high school teams of Eugene, Cottage Grove and probably at Dallas and Junction City. Members of the team who will make the trip are Grant Osborne, Ted Jewett, Ralph Baldwin, Clifford Bemis, William Trumbo and George Willett. Woodley Stephenson will act as ref eree, while Leland Brown will accom pany the team as manager. Coach Finley says the boys are in fine condi tion and should make an excellent showing against the Willamette Valley teams. GERARD'S SPEECH PRAISED Finished Diplomacy of Some Parts of Address, However, Is Doubted. Building of Golden Bridges Advised by Editor. BERLIN, via London. Jan. 9. The delivery of American ammunition to the belligerents is defended by the Lokal Anzeiger in a half-column arti cle, published in connection with its comment on the sentiments voiced by Ambassador Gerard at the dinner given to him by the American Association of Commerce and Trade. The paper says it has the greatest satisfaction concerning Mr. Gerard's utterances .but some doubt as to the finished diplomacy of some parts of his address. It takes decided issue with that portion of the press which has been more or less savagely crit icising him and the whole idea of giving the banquet in his honor. There are unfortunately." says the Anzeiger, "too many people who r gard as' degradation any result achieved by yielding and who belittle anything not gained with the fist, Meanwhile, the number of Germany's enemies has so increased that it is de sirable to build 'golden bridges' for t..ose real or would-be enemies who manifest desire to revise their earlier opiinons." Yankee Haters Legally Wronif. In its defense of the delivery of American war munitions, after ex pressing gratification that the tide of criticism in the German press has re ceded, the Lokal Anzeiger says: 'It must always be recalled to the German Tankee haters' that their standpoint is legally wrong, that The Hague convention distinctly permits neutrals to make deliveries of ammu nition, and that Germany's representa tives in that convention expressly op Pbsed changing this clause. "Despite tho large number wno loudly proclaim that one more enemy would not harm Germany, there still are wide circles tf persons who would like to see the war brought to a close without accession to the ranks of our enemies, especially of an opponent truly not to be underestimated, ior these reasons alone it seems useful to meet half way those who are, or seem to bi. ready to work, with us and go our way." Americans Are Warned. In Its comment on the dinner, the Boersen Zeitung warns Americans that they must not expect the German peo ple to be deeply grateful for peace ef forts, which, it says, are actually in spired by America's own desire and needs for peace. After saying that the banquet ltseit was far more important than an oral nary festivity, the Boersen Zeitung mikes the following comment on the sDeech of Ambassador Gerard: "Such sDeech at the present time is significant. We have always insisted that good relations between Germany and America were important. Ambas sador Gerard's words at the present moment, in the presence of the most important German statesmen. Indus trial leaders and business men, betoken that the leading circles in America un derstand our situation, that they do not ascribe the guilt for the war to us and that they are seeking to hasten the end." MR. HUGHES SENDS THANKS Sir. Fairbanks Also Acknowledges Telegram From Oregon, Electors. SALEM, Or.. Jan. 9. (Special.) Tour telegram has been received and is most cordially appreciated. I am' deeply grateful for this kind message. Charles E. Hughes. This was the re sponse received by Secretary Olcott and the five Republican Presidential elec tors to a telegram sent by them yes terday to the Republican nominee be fore the last election. The Vice - Presidential nominee. Charles W. Fairbanks, also telegraphed i follows: "I am just in receipt of the telegram of yesterday from the electors of Ore gon, which I greatly appreciate. Ore gon has done magnificently. he has loyally pointed the way of our National duty. She is indeed a splendid Repub lican oasis and is entitled to all praiee, most heartily tnank the electors in dividually and collectively for their kindly sentiments." T0KI0 AGREES WITH ALLIES Permanent Commercial Collabora tion. After War Is Plan. LONDON, Jan. 9. The foreign office announces that Japan has signified officially her adherence to the economic . agreement arrived at by representa tives of the entente powers at the .fans conierence, The agreement provides for unifica tion of laws regulating trading with Hostile countries, measures for com merclal, industrial, agricultural and DELUGE RECLAMATION LEVEE BREAKS AT ALAMEDA. CAL, DEBATE TO BE HELD FRIDAY Clatskanie High School Team to Meet Corbctt Students. CLATSKANIE. Or... Jan. 9. (Special, Miss Nellie Geary and Melvin Hall, of the Clatskanie High School, will go to Corbett. Or., Friday night to uphold the affirmative side of the state ques tion: "Resolved, That a compulsory life insurance policy should be adopted in Oregon." Miss Dorothea Johnson and Miss Dorothy Baird will compose the local negative team, which remain at home to meet the Corbett affirma tive team at a later date. The Columbia River section of the Oregon Debating League is made of the following cities: Clatskanie, Tillamook, Corbett, Scappoose, Seaside, Union, St. Johns and ABtorla, champions of this section for the last two years, Crippled Night Watchman Saves Fam ilies by Warning and Rescue Work. Streetcars Stopped fo- Time. ALAMEDA. Cal., Jan. 9. Four worn- maritime reconstruction of the entente en and two children narrowly escaped allied countries after the war and per manent commercial collaboration among I .me allies. Is death and property loss amounting to $15,000 was caused in a deluge of mud and water that followed the breaking of the big reclamation levee on the I Oakland estuarv shortlv after 2 o'clock Y.W.C. A. ELECTS OFFICERS Ks orJ"i man, who was the first to see the break, went from door to door warn- inc the families of their danger, and then returned to aid in rescuing the victims. Rafts and boats were used In carrying the occupants of flooded houses to safety. The force of the sea of mud and water as it rushed from the break in the levee carried warehouses and homes off their foundations. The streetcar service on three different tracks was suspended for half a day, Miss Carrie A. Holbrook Again Chosen as President. jmiss u&rne A. iolDrook was yes terday re-elected president of the Port land Young Women's Christian Asso-1 ciation for the year 1917. The board! met in the morning, heard reports and DUININ E THIS COLD CURE Tape's Cold Compound" Ends Colds and Grippe in a Few Hours. Take "pape s cold compound every two hours until you have taken three doses, then all grippe misery goes and your cold will be broken. It promptly opens your clogged-up nos trils and the air passages of the head: etops nasty discharge or nose running; relieves the headache, dullness, fever- ishness, sore throat, sneezing, sore ness and stiffness. Don't stay stuffed-up! Quit blowing and snuffling. Ease your throbbing head nothing else in the world gives such prompt relief as "Rape's Cold Compound," which costs only 25 eenta at any drugstore. It acts without elstance. tastes nice, and causes no in convenience. Accept no substitute. 'lAdv, OTTO WAGNER ARRESTED Man Accused of Kidnaping ex-Wife Leads Officers Chase. otto Wagner, aged Z5 years, was arrested last night by Detectives Price, Mallett and Vaughn, charged with threatening to kill his former wife. Luetta Wagner. Mrs. Wagner, who says that he forced her to accompany him to Seattle after their marriage had been annulled in Oregon City, swore out a complaint for her ex-husband Monday. The arrest last night was preceded by an exciting chase from First and Alder streets to Front and Morrison streets, with Wagner in pie lead and the police pursuing him "with drawn revolvers. They threatened at last to fire unless the fugitive stopped, and Wagner threw up his hands and surrendered. The police say Mrs. Wagner was com ing from her home at Bellrose station on the Estacada car and that Wagner was waiting for her when the detect ives appeared. ' Read The Oregonian, classified ada. Roscburg Off Today for Eugene. HOSEBURG, Or., Jan. 9. (Special.) Members of the Roseburg High Schoo CAPLAN ACCEPTS PENALTY Dynamiter Accomplice to Begin Prison Sentence Today. LOS ANGELES. Jan. 9. David Cap- Ian, recently sentenced to 10 years' lm prlsonment for manslaughter in the Los Angeles Times dynamiting case, asked and was granted today a revoca tion of a certificate of probable cause. staying his sentence, and will be taken to San Quentin Penitentiary tonight to begin serving his term tomorrow. Caplan gave notice of appeal, but as decision from the District Court of Appeals might not be handed down for a year, Caplan chose to begin service of his sentence. Caplan has spent two years In Jail, ball having been denied him. This time does not count as part ol his term. , Caplan was convicted in bis second trial. In the first the jury disagreed. EXPRESS AGENTS ALARMED Letters Regarding Dry Measure Having Emergency Pour In. SALEM, Or.. Jan. 9. (Special.) Express agents In many parts of the state are becoming exercised as to the possibilities of an emergency clause being attached to legislation making tne "bone-dry" amendment effective according to letters that are being re ceived by Attorney-General Brown from various District Attorneys. According to the letters, if an emer gency clause is attached the express agents would find themselves in an embarrassing condition if a law sud denly went Into effect repealing the present Anderson act and leaving ex press agents with quantities of ship ments on their hands, which shipments would have been perfectly legal the day before. HARVESTER CRUSHES MAN Louis Morone Dies When Frame of Machine Palls on Neck. PENDLETON, Or.. Jan. 9. (Special. Louis Morone, employe of the Blew ett Harvester Company, was killed most instantly today when he wa crushed beneath a harvester which h was assisting to dismantle at th Elmer McCormach farm, seven miles from Pendleton. According to Coroner Brown, the man was working beneath the harves ter loosening bolts. The frame suddenly fell, crushing his neck. No inquest was held. The deceased was an Italian about 30 years of age. He came to Pendleton last year with the Blewett concern when they moved their factory here from Spokane. A widow and thre children survive. DEPORTED MEN TO RETURN Germans to Provide Work in Bel glum, The Hague Hears. THE HAGUE, via London, Jan. 9. The Aardenburg correspondent of Niuwe Courant. who has been touring Belgium on a charitable mission, learns that the German authorities, with th co-operation of the Belgian communes, is planning to cope with the unem ployment problem. Work will be provided in Belgium, says the correspondent, and thus de portati6ns will be suspended and those I Picture Framing to Order, One-Fourth Off Sixth Floor Announcing the Continuance of FOUR SALES That Set New Records for January Selling The Linen Sale Second Floor. Offering Kconomies Based on Old-Time Prices The Undermuslin Sale Fourth Kloor. Offering Exceptionally Low and Unparalleled Prices The Embroidery Sale First Floor. That People Tell Us Outrivals All Other Offerings-- Curtain, Drapery, Blanket Sale Fifth Floor. Offering Economies That Cease With Present Stocks In the Ready-to-Wear Store Third Floor Every Coat, Dress, Suit, Waist Reduced Featuring for Today, Women's Serge Dresses $14.50 Newest Winter Dresses Selling Regularly to $27.50 For Southern California, Honolulu, Japan Whether Preparing for a Short Trip or a Long Journey, It's a Pleasure to Destota One's Belongings in Luggage Like This: The Wardrobe Trunk That Is Positively Excess-Baggage Proof The most durable, lightest, best-looking wardrobe trunk made today for men and women. Three-quarter, steamer and full sizes. Sold here exclusively $25, $30, $35, $40 to $70. Cowhide Suitcase, $6.50 24-inch size. Heavy corners, two straps all around, bolts and lock, linen lined. Women's Suitcase, $5.25 Black leather, cretonne lined, side and top pockets. llMiUATloii Genuine Cowhide Bag, $6.65 16, 17 and 18-inch, black or tan, three and five-piece styles, leather lined, sewed-on corners. Men's Cowhide Bag, $12.50 Steel frame, three-piece style, leather lined, very fine quality cowhide. Women's Black Bag, $13 Fine cowhide, long grain, leather lined, steel frame, sewed corners. On Sale Sub-Basement. TODAY IN THE MEN'S STORE Mens New Shirts $1.35 Mens Silk Sox 29c Pure Thread Silk Mill Runs off Regular 50c Quality "Notaseme" Sox This famous brand of silk sox is well known for its wearing qualities and fine appearance. Made with extra spliced heels and toes. Come in black, navy. Palm Beach, taupe, olive, . white, tan and mode. First Floor. Spring Patterns Spring Colorings Remarkably Fine Shirts at This Price New stripes and checks predominate in these Spring shirts. Patterns in the lot for the young fellow, father and grandfather. Soft bosom and French turned cuff styles, of fine grades of madras and swivel cloth. Cut full and made to fit. First Floor Pianos Seventh Floor r-JJi a m m -ws w w . -n "S - 'etchms'dijofCJlMeril.O Kodaks First Floor NeW Victor January Records In Come and Hear Them Mezzanine Floor who have been deported will be sent back. !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!immimm" J WhoWillHelpUsKeepTogetherOur n Splendid Organization of Tailors? jj XT IS NOW the dull season and we must provide employment J for nearly one hundred people, many who have come from distant states to be part of our splendid organization. We cannot afford to lose a single tailor, and in order to keep them busy we have decided for the balance of January to make suits ! and overcoats at about the cost of material and labor. Our stock of woolens was never in better shape ; we have hundreds of choice fabrics, including the best from nearly every well-known mill in this country. We also have many imported woolens, which we imported direct. We are going to mention just one item of importance, it being an imported English blue serge, of which we have ten pieces; this sells in all regular shops at $50.00 and up our price for the balance of this month will be only $30.00 for a first-class made-to-order suit. We have many other patterns at $20.00 and $25.00. II Brownsville Woolen Mills H Morrison at Third Street ?1I1I11IIIIII llllllllltlllltltllf lllllllf lllf llllf llltlllllllllll lift Illlllllllllllf If llllf lllllf IIIII Illlllllllllllllltllllllllll r uwimiuiwuiiiiiiiiiuiiniiiiniimimiuwiimwiuiuuiumuiiuiw Semi-Tropical Southern California CALIFORNIA with its oranges, its Winter flowers, its beaches, its mountain resorts, its time-stained missions, its delightful sunshine and out-of-door life surely the call is irre sistible in January. But a two days' journey away on daily trains of the delightful SHASTA ROUTE Shasta Limited California Express San Francisco Express You can secure tickets or complete information at New City Ticket Office, 131 Fourth Street . John M. Scott, General Passenger Agent. Southern Pacific Lines m m it l A 1111 MM At All BREAK-U P-A-COLP TABLETS. SS Jd In tn noai if -! " I kt wn to it -...rI Phone Your Want Ads to THE OREGONIAN Main 7070, A 6095 11