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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (July 30, 1920)
THE. MORNING OREGOXIAX, FRIDAY, JUIT SO, 1920 POil PROBE SCOPE EXTENDS TO BOSTON Government. Investigators Hunt Source of Millions. FINANCE KING STANDS PAT Investors Still Getting Kcturns ot 50 Per Cent While Search by U. S. Agents Goes On. BOSTON, Mass., July 29. (Special.) Government investigators from the department of Justice and postal de partments yesterday transferred their actions from New York's postoffice to Boston in an attempt to determine whether merit lies in Charles Ponzi's claims that he dealt in millions of dollars worth of international reply coupons. A group of government agents de cided on a Boston office of one of the great telegraph companies and began a searching investigation of the files to determine whether Ponzi had cabled orders of purchases or sale to repre sentatives in continental Europe. District Attorney Pelletier. in an swer to a query concerning the "Old Colony Invcstiment company" a new organization based on a plan similar to Ponzi"s said: "I am investigating the acts of this company. I cannot tell what action will be taken until all of the facts are laid before me." Meanwhile, Ponzi continues to pay ft matured notes with the usual BO per cent interest, and to cash all de mands, for repaying of unmatured loans at their face values. Government to Audit Books. The United States government is o make an audit of the books of Charles Ponzi's Exchange Securities company, it was announced today Dy Daniel J. Gallagher. United States attorney, the announcement coming st about the time a big sign went up in Pie alley proclaiming Ponzi's warning to the public against "specu lators" who are seeking to buy up liis 50 per cent profit notes and his reiteration that he will "pay every thing in full." Mr. Gallagher said he was not pre pared to say , whether the federal udi would be made jointly with the county audit ordered by District At torney Pelletier, paying only that under present plans it would be utarted Independently In a few days. "Investigation may show," he said, "that Ponzi is. at least theoretically, solvent and yet an offender of federal law. He may be able to do all he ays he is doing and yet violate the law. "As I told Ponzi the other day," he continued, "he is either a benefactor deserving of the blessings of the public, officials and all alike or he should be in jail. Ponzi agreed to that. It goes without saying that it Ponzi Is solvent and has violated no federal statute that the government will give him a clear slate. It also goes without saying that if he has violated the law federal action will be taken against him." "i:. S. Butting; In." Say Ponrf. In an Interview today, with a rep resentatlve of the Boston news bu reau, Ponzi claims to have lort mil lions through interference. He said: "I would have cleaned up S3, 500.000 this week If the authorities had not asked me to suspend operations pendJ ing results of their investigations," said Charles Ponzi to a Boston news bureau representative this morning while hundreds of depositors continued to storm his office looking for re turn of their money. "The United States Is butting in where it has no business," was his declaration. "Why should it concern this country what are my operations so long as they are legal; so long as I have twice the money I require to make payments to those entrusting their funds with me end so long as 1 am not redeeming tne international reply coupons in this country? "I have never made the statement that I exchanged any coupons here, and do not intend to do so. 1 am perfectly aware that France. Italy and Roumania have issued orders to suspend payments, but that is not stopping me from doing business in those countries. l.arsrrr Buolnraa lo Be Done. "Despite the temporary interference with my business I intend to con tinue it on a larger eerie than ever. I have opened offices in New York and mean to start branches all over the country. Both the National Shawmut bank and the State Street Trust company iVlU afternoon denied that either Miarles Ponzi or the Securities Ex change company of which he i manager ever had an account with them. When David Ftoneman yesterday nought an Injunction (which action he later withdrew) on behalf of Alton Parker, whom he claimed to represen against Ponzi, he named the two banks and also the Fidelity Trus company. The Tremont Trust com pany. the Hanover Trust company and tne cosmopolitan Trust company a banks holding Ponzi money on de posit, and sought to have them en joined from making payments to Tonzi, in order Mr. Stoneman claimed, to prevent dissipation of his assets is appears trJat Mr. Stoneman was misinformed regarding the bank used as depositories by Ponzi. BUX OF COFFERS CONTINUES rayntcnts In Last Two Days Exceed Two Million Dollars. BOSTON. July 29. The three-day run on the coffers of Charles Ponzi by doubting investors in his get-rich-quick scheme of international postal exchange continued today, while new believers In the possibility of abnor mal profits took their money to a rival a few blocks away. Ponzi, having agreed with District Attorney Pelletier to accept no fur ther deposits until investigation of his accounts had been made, stood in his enlarged offices and saw every thing going out, with no new funds coming in, but, although payments In the last two days are estimated to have exceeded J2.O00.000, he was Honoring every demand. Ponzi was under three-fold Inquiry Attorney-General Allen having joined today in the investigation previously . undertaken by District Attorny Pel letter and United States Attorney Oauagher. WILSON SHELVED BY COX (Continued From First Pace.) would take the position that the 18th amendment had become a law and he would stand for law enforcement. Asked if Governor Co?- would urge any modification of the Volstead law. Chairman White said he was not in a position to answer that question, but that the position taken by the democratic candidate did not pre clude the urging of such modification. He added, on his own responsibility, that "the best way to secure the re peal of an undesirable law is to en force it rigidly." Speaking of the league of nations, Mr. White said there was very little discussion of it in Ohio, or anywhere west of the Mississippi river. -o Ltane Intercut Found. He said he- believed progressive ism was the issue because of what he had seen in Ohio during the cam paign between General Wood and Senator Harding. The fact that the new chairman discovers there is no interest in the league is not expected to awaken intense enthusiasm in the White House. He admitted that no word had been received from Mr. Bryan nor from Mr. Palmer, although he said that both would be invited to participate in the campaign. He adm'itted that Mr. Bryan had been recently saying some very nasty things about Gov ernor Cox. LANE COUNTY DECREASES CENSUS SHOWS 617 LESS POPU LATION THAN" 1910. Cottage Grove, Florence and Springfield Gain Coburg, Cres- wJl and Junction Lose. WINTER HEAT MAY BE SAFEGUARDED Coal Shortage Reasons Come Before Board. to HIGH PRICE HELD WRONG Profiteering in Trade Will Be One Phase Discussed by Fed eral Conference. WASHINGTON. July 29. Means of averting winter coal shortages and of defeating prof iteei ing in the coal trade will be dircussed at a confer ence in No York Monday by repre sentatives of four government depart ments and .1 committee from the coal industry. Acting Attorney-General Ames tonight said the government hoped to develop a programme on which the coal interests could come "half way" in solving the problem. Mr. Ames, who with Attorney-General Palmer, will direct tha formation of the plan, declared there was no reason for a scarcity of fuel now r.nd that if a shortage existed, it was through faulty distribution. He added that there were "no economic rea sons" 'for the nigh coal prices which obtain. This particular phase, he WASHINGTON. July 29. (Special.) said, is being glvfln close study both Lane county, Oregon, has a popula- y tne department of justice and by view to changing or amending the interstate agreement and the com merce commission's award. The executive committee of the Indiana Bituminous Coal Operators' association said it was "influenced by the fact that all contracts, state and interstate, were but a reaffirmation and acceptance by the operators and miners of an award mandatory in its provisions." - "We are not forgetful," the com mittee stated, "of the seriousness of the present situation ais it affects the country and we regret that our hands are tied. We suggest that you start the mines in operation, guar antee to the public its fuel supply and secure from the government the right to meet to consider any alleged grievances and to adjust any wrongs." IRISH BLOCK TRANSPORT Rail Boycott Held to Be Victory for Obstructionists. " DUBLIN, July 29. The Irish rail waymen who have disorganized traf fic in various sections, thereby caus ing a serious food shortage in some places by refusing to move trains car rying munitions and armed guards, claim' to have won a partial victory over the government as evidenced by a communication from the militaly authorities to the railway managers which declares thta military guards will not be furnished and that it is not proposed to use the railways for the transportation of munitions. This apparently ends the railway difficulties as concerns freight trains but passenger traffic still is litble to obstruction by the refusal of railway men to carry armed police or soldiers as passengers. tion of 33,166 in 1920, a compared with a population of 33,783 in 1910, according to a report issued by the census bureau The populH is 10,593, is div as follows: Fi, third, 243?; four, Figures for 'ay. f Eugene, which :mong four wards, . 148; second, 1706; :,U0S. other incorporated places for :920, with the figures for 1910 anil .. are as follows: Towns 19-'0 1010 Coburu 27(1 Cottage drove lill Creawell 273 Florence :17 unction HSl SDrincrteld 1j-k3 utner census figures given out to day are: Morristown, N. J., 12,505. decrease 2; Laredo, Tex., 22.170, increase 7855, or 52.9 per cent; Ramsey county Minnesota, including St. Paul, 244,451, ncrease 20,776, or .3 per cent. The population of Missoula, Mont., will be announced tomorrow at 10:30 A M. Hi:; is:!4 ;io7 SI I 731) 1900 74 sou aori MAIL FLIGHT UNDER 1Y representatives of the coal industry vho feel that present conditions hould undergo a change." Although the question of an em bargo on export coal will be dis- ussed, Mr. Ames said it appeared that the embargo could be discarded as an ffectlve means of increasing the upply available for domestic use. Less than 10.000,000 tons of coal have been exported during the first six months of this year, including ship ments to Canuda, he asserted, and this amount had not therefore materially reduced the stocks here with a pro- auction for the period estimated at 55.000,000 tons. Wage questions probably also will come up for discussion, since Secre tary of Labor Wilson is understood to have recommended a reopening of the wage award in a prepared report on the coal situation in general and strike conditions in the Illinois and Indiana fields in particular submitted today to President Wilson." CHICAGO. July 29. Coal operators of Indiana today declined to partici pate in a joint conference with the miners as suggested by John L. Lewis, international president of the United Mine Workers of America, with FIRST LAPSE OF TRANSCONTI NENTAL TRIP FINISHED. Pilot Reaches Cleveland Without Unusual Incident Next Jaunt Will Be to Chicago. CLEVELAND, July 29. Pilot Acos ta, driving one of the three mono planes that left Long Island this morning on a, transcontinental aerial mail flight, landed here at 3 P. M. The two other machines arrived at Cleveland landing station at 5:30 and 7:15 o'clock tonight. The flight from New York was without unusual inci dents. The flyers expect to leave in time to reach Chicago at noon to morrow. WASHINGTON, July 29. Captain Rudolph W. Schroeder, holder of the world's altitude record, will pilot the American army plane in the Gordon Bennett international cup race, to be held in France the last week of Sep tember. It was announced today at the war department. EDMONTON, Alberta, July 29 Postponement until tomorrow of the resumption of the flight of four United States army airplanes en route from Mineola, N. V.. to Nome Alaska has been caused by a leak in the gas tank of one of the machines, it was stated today. JUDGE CANCELS DIVORCE Husband Loses Decree When Wife Says' He Knew Her Address. SEATTLE, Wash., July 29. (Spe cial.) Holding that Harry C. Jack son, Seattle lumberman, had not act ed In good faith when he made an affidavit in which he stated he did not know the residence of his wife Judge Calvin S. Hall this morning vacated the decree divorcing Jackson from Minnie C. Jackson of 51 Rose street, Venice, Cal. The decree was entered by Judge Hall on February 10, 1919, one ground being that Mrs. Jackson refused to manitain a home for th plaintiff. Lat er a mutual friend told Mrs. Jackson in Venice of the proceeding and she complained to Divorce Proctor C. C, Dalton that she had not been served with notice of the suit and said that her husband knew her address. cifically mentioned the coal screen bill, which Governor Cox put through In Ohio and which he said would bind the mining vote to tho candidate. The appeal to the farmers will be based on the fact that Governor Cox has been an advocate of good roads and of improved rural schools. Liquor la Dead lue. On the question of the liquor issue Mr. White said that Governor Cox SOLDIERS DEMAND MONEY Bclsrian Service Men Demonstrate Outside Deputy Chamber. BRUSSELS, July . 29. Thousands of soldiers assembled outside the cham ber of deputies today to demonstrate dissatisfaction with the government's treatment of former soldiers, who de mand that a lump sum be paid to every man who served in the war A body of soldiers broke the cordon of police and invaded the chamber, disregarding Burgomaster Max's ap peals. Eventually they were per suaded to leave peaceably. While in the chamber the soldiers broke doors and windows and hurled the ushers aside. The men then marched through the chamber with banners, while astonished deputies sat powerless to quell the tumult.- Wine Growers Rou-c Wrath. MADRID, July 29. Thousands of persons In Spain are incensed over the action of the wine growers in the aldepenas and other vineyard dis tricts, who, after a meeting, threw large quantities of this year's yield which is extremely bountiful, into the rivers in order, it is said, to maintain the high prices of wine. Read The Ore'gonian classified ads, Revolutionary Strike Reported. BUENOS AIRES, July 28. A revo lutionary strike has been declared In Punta Arenas, Chile, according to an official report. Strikers are re ported to have entrenched themselves in the labor federation headquarters which later was taken in an assault by police and soldiers. A number of strikers were killed in the assault. THE WILEY B. ALLEN CO. Superior Record Service. i vr,evf ' vL xWs0?Z J' i if j J New Columbia Records For August PIMPLES AND RASH ON FACE And Neck. Burned and Itched. Cuticura Healed. "I had pimples and a sort of rash on my face and neck. They would burn and itch and when I scratched would become red and scaly and peel off. It was hard for me to sleep and I dreaded to go anywhere. "I heard of Cuticura Soap and Ointment and used them. My face began to get smooth and stopped itchfhg and burning, and when I had used the Cuticura Soap and Ointment for about a month I was healed." (Signed) Miss Cora Lim, R. F. D. 2, Blackfoot, Idaho. Feb, 23, 1920. Use Cuticura for all toilet purposes. aaatataekrnabrMaU. Addreas: "Outran rtwilM, DapV H, i.lal Hal." SoM emr- 3ej aha. antnoot aMS. DANCE RECORDS. Oh, by Jingo! One step. ..... .Lanin's Roseland orchestra A2943 Rose of Chili Tango fox trot. .Lanin's Roseland orchestra $1.00 Take it Easy Fox trot Art Hickman's orchestra A2938 Come Back to Georgia One step. Art Hickman's orchestra $1.00 Lassie Medley waltz : -Prince's orchestra A6153 Alabama Moon Medley waltz Prince's orchestra $1.25 POPULAR SONGS. ' Some Beautiful .Morning (I'll Find You in My Arms) Al Jolson A2940 I've Got the Profiteering Blues Frank Crumit $1.00 Ten Little Bottles Bert Williams A2941 Unlucky Blues Bert Williams $1.00 AH the Boys Love Mary Van and Schenck A2942 Way Down Barcelona Way Harry Fox $1.00 NOVELTY RECORD. Love and Money Waltz Russian Balalaika orchestra E4642 Popular Neapolitan Melodies. .Russian Balalaika orchestra $1.00 This is an invitation for you to come in and enjoy these new records. For those who live out of town, our Mail Order Depart ment offers exceptional service. Use this Ad for your order check those wanted and send with your remittance. Name :.. Address I PIANOS jPUCYERS MUSIC MORRISON ST. AT BROADWAY -MASON Ah HAMLIN PIANOS - rrALKiNqi ArUCHiNES JcoftDSy cntxa iui. bam rAMcico. Oakland, presno. sam ducoo For Month-End Windup of This Big Stock -Clearing Campaign 3Z 1LJ jjjj July has seen some of the most remarkable reductions the Emporium has ever made (arid our sales are known for unusual values) . Hundreds . of new customers have joined the ranks of Emporium boosters because of the money-saving buys they have found here. 0 Refreshingly Cool Summer Frocks Just in From New York j Specially Priced ..... P A Many of these would ordinarily sell up to $35. Lovely figured voiles in blues, grays and tans, some offset with dainty pleatings and collars and cuffs of white organdie, others with bandings of taffeta. Also included are crispy white organdie dresses, youthfully charming. All Dresses Reduced 2S933Vz9 50 StlitS Selling regularly f rom $67.50 to $75, reduced to j All suits reduced SSYc, 50 and more. Cs-J-f Selling regularly "from $52.50 to $59.50, re- d oats duced t0 All coats reduced 33 3 50 and more. WT Selling: regularly -up to $7.95, reduced to... V V UloLo All woicfo i-Drlnor1 9C,' 231 C .1X11. (VUlkJbO A. , J W J 3 C, oJc. 33 26 $3 (h lf Hi flu lip 11 V X1 v Jersey Sports Suits Special $ Tuxedo models that earlier in the season would sell for about $45. 24 (rlA Every Clearance of Hats Jersey Sports Coats Special $15.00 Just a few remain, that's why we are making this unusual price. You surely want one of those nobby Tuxedo models. Third Floor Trimmed Hat in $ .98 the House Reduced to vsp' Absolutely no exceptions to this sw-eeping sale. . Hats large and small, flower trimmed, feather trimmed, straw hats, satin hats; yes, even our handsome georgette hats formerly selling from $10 to $12 take your choice at just $3.98. E . II - . H very oports oat in cue noose Reduced to $1()0 Tailored hats in sailor style, as well as soft crush sports models. Values truly remanc able. 124 12 128 SIXTH ST, JUST OFF WASHINGTON fi Carelessness Breeds Danger .i ..J.laSttviaiiir . '. I - ve-r i . v MANY per sons are most careful in safeguarding their money, car rying little and keeping none about the home or place of business. And yet all of them do not give the same consideration for their valuable papers, leaving Deeds, Notes, Bonds, Mortgages and Insurance Policies where they are subject to the dangers of fire, theft and forgetfulness. There is only one answer, and that is a Safe Deposit. Box at the United States National Bank. "One of tftte Northwest's Great Banks" United States National Banlo Slth and Stark., SAYS IT S GRAND TO AGAIN EAT HEARTY Stomach Trouble Gone and She . Feels Fine Since Taking Tanlac, Declares Cali fornia Woman. "I tell you it's Errand to be able to sit down to the table and eat heartily of a Brood meal and have no fear that it will cause you to Puffer after wards." said Mrs. Hildeerard Hamilton of 19 Layton street. San Rafael, Cal., in tellinsr of her experience w ith Tan lac recently. "Why. for years before I got Tanlac I suffered intensely with rheumatism. asthma and stomach trouble. My stomach was in such a disordered con dition I dared not touch anything acid, and in fact there were very few thinprs I could cat. and my appetite failed so nothing tasted right to me. The little I did manage to eat caused me to suffer agonies. The gas from my stomach choked up my chest and throat and kept me wheezing and coughing all the time and it was hard for me to get my breath. Any little exposure would cause me to take cold and that always made these symp toms worse. The rheumatic pains in my hands were almost unbearable and my fingers were o stiff I could scarcely pick up anything. At night I was so nervous and racked with pain I hardly averaged two hours' sleep in a night and I always woke up in the morning feeling all tired out. "I took a great deal of medicine without getting any relief until 1 finally determined to give Tanlac a trial, as 1 had heard so much about it, and it has done me a world of good. Why, 1 have been built up until I can eat just anything I want and never have a touch of indigestion. I can breathe freely, do not take cold so easily and am not troubled with disagreeable coughs like I was. I have free use of ray hand and my nerves are so much steadier I sleep like a child and wake up in the morn ing feeling fine, in fact I feel stronger and better in every way. Tanlac is certainly a splendid medicine and my husband is every bit as enthusiastic in praise of it as 1 am." Tanlac is sold in Portland by the Owl- rug Co. Adv.