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