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About Morning Oregonian. (Portland, Or.) 1861-1937 | View This Issue
THE. MORNING OREGOXIAX, FRIDAY, JUIT SO, 1920
POil PROBE SCOPE
EXTENDS TO BOSTON
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
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
"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
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
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
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
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
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
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
Coal Shortage Reasons
Come Before Board.
HIGH PRICE HELD WRONG
Profiteering in Trade Will Be One
Phase Discussed by Fed
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
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
tion of 33,166 in 1920, a compared
with a population of 33,783 in 1910,
according to a report issued by the
is 10,593, is div
as follows: Fi,
third, 243?; four,
f Eugene, which
:mong four wards,
. 148; second, 1706;
places for :920, with the figures for
1910 anil .. are as follows:
Towns 19-'0 1010
Cottage drove lill
utner census figures given out to
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
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
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
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
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
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
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
"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.
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
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
Name :.. Address
MORRISON ST. AT BROADWAY
-MASON Ah HAMLIN PIANOS -
cntxa iui. bam rAMcico. Oakland, presno. sam ducoo
For Month-End Windup of This Big Stock -Clearing Campaign
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.
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.
(h lf Hi flu
V X1 v
Jersey Sports Suits Special $
Tuxedo models that earlier in the season would sell for
Clearance of Hats
Just a few remain, that's
why we are making this
unusual price. You surely
want one of those nobby
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.
. 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
124 12 128 SIXTH ST, JUST OFF WASHINGTON
Carelessness Breeds Danger
.i ..J.laSttviaiiir .
'. I - ve-r
i . v
most careful in
their money, car
rying little and
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
Slth and Stark.,
SAYS IT S GRAND TO
AGAIN EAT HEARTY
Stomach Trouble Gone and She
. Feels Fine Since Taking
Tanlac, Declares Cali
"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
"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.