PORTLAND, OREGON, FRIDAY, JANUARY 14, 1921 UK ICE FIVE CENTS Pcitofflce as Second-ClaM Matter "SHADOW" ESCAPES IN RAIN OF LEAD T, 1500 VETERANS VOTE FOR BONUS BY STATE OLCOTT GIVES NOTICE OF SPECIAL MESSAGE!" T FOUR BOY-BURGLARS I CC UJCTf IIDprn HELD; CURFEW LID 0NLLG0 m 1 L UnULU AT SEA IS ASKED 15 POLICK AM) DEPUTY SHER IFF BLOCK EVERY ROAD. MEDLEY OF DERISIOX GREEKS "COMMITTEE OF TEN." JOINT LEGISLATIVE SESSION CALLED tOR MONDAY. CONFESSIONS BRING STRICT ORDER FROM MAYOR. RIGHT TO RUN BAR BABES I IN COMMITTEE MOTHER BURGLAR MAY FIX DISTRICTS IN REDISTRICTiNG 3-Mile Limit Wanted on Volstead Act. WET COMPETITION HURTS Passengers Said to Boycott Dry American Ships. PLEA IS NOT EFFECTIVE Prohibition Lata Oppo&o Suggestion and Judiciary Committee Is Sot Sympathetic. WASHINGTON. Jan. IS. American passenqrer steamship officials appeal ing: today to the house judiciary com mittee for modification of the Vol stead act, declared they would be tlgn registry tor world trade unless permitted to handle liquors for use by patrons beyond the three-milo limit. About the only consolation they ob tained was a prediction not for the record by Representative Dyer, re7 publican, of Missouri, that "they did not have a chance." This comment was made after Wayne Wheeler, gen eral counsel for the Anti-Saloon league, expressed the opinion that some day the world would be dry and that all ships would be devoid of liquor. The shipping Interests insisted, however, that they had to deal witli present problems; that there had been wholesale cancellation of reser vations by travelers who found other vessels unaffected by prohibition re strictions, and that the task of try ing to make the American flag su preme could not be carried on in competition with other nations. Bunlnesn Declared Theatened. P. A. S. franklin, president of the International Mercantile Marine named that the death knell of the merchant marine was sounded if the raInij by Attorney-General Palmer irere permitted to stand. E. A. Quarles, president of the United States Mail Steamship com pany, declared owners would be "fit subjects for examination in a psy chopathic ward' if they invested any vast sums in the building and condi tioning; of ships without assurances that they would be allowed to com pete with the countries endeavoring now to dominate ocean commerce. Harris Livermore. president of the United American line, declared that construction of many trans-At Ian tic Vessels had been contemplated, but that "with this hanging over us we cannot go ahead until the question is determined." Mr. Wheeler alone was heard in op position to the plea on the steamship question, made at a hearing on a bill by Keprci-entative Edmonds, repub lican, Pennsylvania, to exempt pas senger vessels engaged in foreign trade from provisions of the Volstead law. Asserting that many ships were ''bootlegging," Mr. Wheeler said the amendment would multiply the diffi culty of the dry law s enforcement. Prohibition proud Predicted. It was in answer to a suggestion by Representative Igoe, democrat, of Missouri, that the ship owners merely wanted an equalization of liquor laws that Mr. Wheeler touched on the hope spreading the fight against sa loons to all the world. "The steamship companies are tin dbly alarmed," he declared. "The company that adopts a sound policy looking to the moral welfare and pro tection of the people will win. The public wants service not booze. And let me say that the company that renders good service and less liquor finally will dominate." Representative Edmonds, In urging approval of his amendment, said he looked at it strictly as a business proposition. "If we wait for the world to go dry. whi le other nations are going ahead with their shipping," he added 1 "we won't have any flag. We are dealing with a condition, not a theo- ! ry kepresentativc Neery, democrat. West Virginia, suggested that a ho tel owner in Buffalo might just as well come to congress for financial relief, because a hotel on the Canad ian side was getting more trade with a bar. "Certainly you cannot expect ths flag to inspire respect when it flies over a floating saloon," he remarked, but Mr. Edmonds insisted that the case cited was not analogous to that of the steamship companies, SISTER JAILS ROBBER Woman Who Cause. Conviction of Brother for Robbery Rewarded. I KANSAS CITY. Mo.. Jan. 13. A reward or $-ao was granted today by the Law Enforcement association here to M - - Grace Ernst, because she caused the arrest and conviction of fcer brother. John Downing, whom she alleged robbed her home After the burglary, according to Mrs. trnst. she suspected ner brother and traced htm to Clinton. Mo., where the caused his arrest. Downing was sentenced to a five year prison term. Final Threat of Death Unless Cash I- Paid Over CfcSMfl Another Kffort to Got Blackmailer. Fifteen police and deputy sheriffs blocked every road Infb Portland from a point on the Base Lino road. I j half mile ws.t nf Taxi inn. at 2 ow," Portland's mysterious black mailer, escaped a second time in a bullet hail. A final threat of death unless the $26,000 was left at the place desig nated was received by J. Wesley Ladd late yesterday afternoon, and the sec ond attempt to capture "Shadow" re sulted. The letter said that this was the last time that Mr. Ladd would have an opportunity to escape murder or the payment of $50,000. He asked that Mr. Uadd answer through the personal columns of the Portland Telegram, which he did. When 300 feet away from the place where the bundle of money was to have been dropped the "Shadow" flashed his signals. The police opened fire, and started on the run for the point where the lights were first sighted. But the "Stmdow" had eluded them a second time. Deputy Sheriff Christ of sen then placed his men and the police who were in the party on all roads lead ing into Portland. Police headquar ters in Portland was notified to watch for ail cars entering the city from the east and patrolmen were dis patched shortly after 2 o'clock this morning to the outskirts of the city. Use of the telephone yesterday was employed by the "Shadow" to threat en the life of Mr. Ladd. one of seven intended victims of the nervy indi vidual whose attempts to blackmail prominent Portland residents out of thousands of dollars have aroused) the entire city. It was admitted by Chief of Police Jenkins that Mr. Ladd received a communication by telephone yester day morning from the man who said he was the "Shadow." As soon as the incident was reported to the police, detectives were rushed to forestall any attempt to attack members of the Ladd family. The "Shadow" was said to have called Mr. Ladd by telephone to tell him once more that death was near because he had turned the blackmail letters over to the police. Before Mr. I .a rid could reply or give an answer of any kind the speaker had slammed up the receiver. Efforts to check up the point from which the call came were fruitless. It was also admitted by the police that the "Shadow" had entered the Jenniiig furniture store, Fifth and Washington streets, some time Wednesday and there penned another letter to Henry Jenning, Jr., which read: ' I am still about." This warning note was found in the shipping room yesterday morn ing. It was printed on the store stationery. Earlier belief that it was a hoax perpetrated by some friend of Mr. Jenning was discounted when Mr. Jenning asserted positively that the printed letters were identical to those received earlier by him through the mails. Mrs. Philip Gevurtr, was added to the list of the blackmailer's intended victims when she received in the morning mail yesterday a letter similar to those received by other Portland residents, demanding $25,000 on threat of death if she failed to comply. She immediately turned the letter over to the police. Although Chief Jenkins said lat night that the police as yet were without tangible clews, detectives worked throughout the day on the investigation and will redouble their efforts for the remainder of the week in an effort to apprehend the man who has o boldly challenged the police to capture him. Guards were being stationed about the home of J. Wesley Ladd, who, twice since Tuesday night, has been threatened with deat h because he turned the letters over to the police instead of paying Jthe demanded $2."..ono. Persons receiving the letters, the police and federal .authorities, have all taken the matter seriously and Mr. Ladd has been carefully guarded both day and night. POLICE CAPTAIN INDICTED w York Official Charged With Taking S500 Unlawfully. NEW YORK. Jan. 13. The first in dictment arising from ex-Governor Whitman's Investigation of the co administration came today when Will iam A. Bailey, police captain, was charged with accepting unlawful fees, and was arrested. The specific allegation was that the captain had unlawfully accepted $500 from William Duke, assistant manager of the Association of Fur Manufacturers, last August, in re turn for protection given the manu facturers against possible sabotage by striking employes. GOODING TO TAKE OATH iduhoan Will Become Senator on Saturday. When Nugent Quits. THEOREGON1AX NEWS BUREAU, Washington, Jan. 13. Frank R. Gooding, who arrived here a few days ago, will take the oath Saturday as a senator from Idaho. Senator Gooding will take over the office suite in the senate office build ing now occupied by Senator Nugent, who vacates to go ou the federal U adv commission. m i ? Children Without Pretty Things, Says Parent. MATE LOSES JOB, FUNDS LOW Woman Confesses to Police Robbing Six City Homes. RICH PLUNDER RECOVERED Jewelry, Silk Wearing Apparel and Many Costly Garments Found. Husband lb Exonerated. Portland's woman burglar was cap tured yesterday noon by Police -Inspectors Morak and McCulloch. She is Mrs. Mabel Weber, aged 23. and the mother of three small children. The arrest was made at the woman's base ment apartment, 597 Madison street, where much loot stolen from Portland homes was recovered. Mrs. Weber made a full confession, police detec tives said. She took up burglary in Portland to get food and better clothing for her three babies, Mrs. Weber said as she reclined in a chair in the woman's department of the jail. "My hus-band provided for us, such as it was, but I wanted the babies to have better things." she said. "My husband has not had steady work and it has been a hard matter for us to get along." Month Served in Prison. The police learned that Mrs. Weber served a term in the Washington state penitentiary at Walla Walla under the name of Mabel Morris, for grand larceny. She was sent to the peni tentiary on June 13, 1919, to serve from two to 15 years. The prison records at Walla Walla showed she received a conditional pardon from Governor Hart on July 29. 1919. She was an inmate of the prison a little more than a month. One of the conditions of this parole was that she should not leave the state of Washington without the con sent of the governor. She admitted yesterday afternoon that she had vio lated the conditions of this pardon in coming to Portland about a year ago. "I wrote to the governor asking for permission to come, but never got a reply," she suid. Six City Homed Plundered. Police detectives said they had re covered loot which the woman had taken from six Portland homes. They are continuing the Investigation in the belief that still more plunder will be found. Mrs. Weber has admitted to them, the police said, that she has stolen from six different stores and homes. Included in the loot found in the woman's apartment were many silk (Concluded on Page 2, Column 3.) ONE i Option of $25 for Each Month of Service or $3 00 0 Loan for Farm or Home Favored. Not less than 1500 veterans of the world war, at an open session in the armory last night, called by Portland post of the American Legion, roared affirmation to a resolution calling upon the Oregon legislature to allow ex-service men the option of $25 for each month of service or a $3000 farm or home loan. In the negative but a few scattered voices arose. The action of the veterans, forecast by their attitude toward speakers for and against the bonus question, was taken upon an amendment to the original motion presented by Thomas Sweeney, which called for a $3000 home loan, and the appointment of a committee, named by the governor, to determine whether cash loans or actual bonus should be given in cer tain indicated cases, such as needy or disabled ex-service men. Though the home-loan feature of the dual measure, whioh will prob ably be presented to the present leg islature, met with the vociferous ap proval of the big assemblage, it was frequent and specific mention of the cash bonus that wrought applause. And yet more applause greeted speak ers who asastled the "committee of ten," which recently published a newspaper statement in argument against the bonus plan. Various veterans, scattered through out the hall, declared that those who oppose bonus plans are "white -col lared guys," that many disabled vet erans are now without proper funds or med ical care, that ex-service men are out of work, and their families in want, and that neither monument a nor memorials are so badly needed as financial aid and employment. Edward J. Kiver state adjutant, and Mr. Sweeney both assured the veterans that sentiment at Salem against an indiscriminate cash bonus, and that the lawmakers will not pass such a measure to benefit able-bodied men, though it is probable that the farm and home loan feature will be approved. Among the speakers for the bonus plan were Mike Brennan, T. R. Ma honey, alter Gleason, Vernon M. Parsons, past-commander, and a score of others. Members of the commit tee of ten" braved the jeers of the assembly and declared that they had the courage of their convictions the courage to brand a cash bonus for all veterans as unworthy of their serv ice. "I am absolutely opposed to asking the state of Oregon to donate one cent!" asserted James R. Bain. "You don't have to take it!" cried a voice from the medley of derision. When E. C. Sammons, another of the "committee of ten," defended his attitude, a disabled veteran arose in the gallery to Inquire why the com mission in charge of the soldiers' and sailors' fund, of which $50,000 re mains unexpended, does not apply the fund to the relief of needy veterans and their families. Mr. Sammons is a member of the commission, and his attempt to explain that the fund can not be so administered, beyond cer tain limitations, was met by the state ment that a list of 35 names could be furnished, all of ex-service men, 1)1 (Concluded on Page , Column 1. OF AUNTIE'S PECULIAR NOTIONS. Xeither Governor Xor His Private Secretary Will Intimate Con tents of Document. STATE HOUSE. Salem, Or., Jan. 13. (Special.) Utmost secrecy is hedged around a special message Governor Olcott will unleash on the legislature next Monday. A request came from the governor's office today asking for a Joint session of senate and house at 2:30 o'clock Monday afternoon to receive a special message. The message is regarded as a "surprise," but Governor Olcott ex plains that It should not be so desig nated. However, neither the governor nor his private secretary will give the slightest intimation as to the na ture of the document. The message may be with regard to the proposed budget system, rec ommendations of the tax supervision commission or any one of a dozen other topics. FIRE CAUSES $7000 LOSS Building at Third and Everett . Streets Damaged. Fire last night caused between $7000 apd $8000 damage in the building owned by L. A. Milne of Eugene, Or.. Third and Everett streets. The flames broke through the roof at one time and the frame structure seemed doomed. Quick and efficient work by j the ire department brought the loss to a minimum. According to Patrolmen Nelson and Miller of the automobile theft bureau, who turned in the alarm, the fire started in the Heacock Spark Ar rester company, 2ol Everett. It quickly spread to the Terminus hotel, owned I by T. Nitta. The Heacock company I carried $1500 insurance and the room house was said to be insured for $2500. Eleven engine companies an swered the. call, but the flames were controlled by those which reached the scene first. PHELAN SECRETARY WINS Indictment of Senator's Aide Is Quashed in Federal Court. SAN FRANCISCO, Jan. 13. An In dictment charging John D. Costello, secretary to United States Senator Phelan, with a- violation of the fed eral prohibition enforcement law, was quashed by United States Dis trict Judge Dooling today when he upheld a demurrer to the charge. The demurrer declared that no specific charge had been made against Costello. OREGON SENATOR GAINS Chamberlain's Temperature for mal; to Be in Hospital Weeks. THE OKEGONI AN NEWS BUREAU, Washington, Jan. 13. Senator Cham berlain's temperature returned to normal today end he appeared to be ieeling more comfortable and hope ful after several setbacks. At the best, it is said, he cannot hope to leave the hospital for many 1 weeks. Control of Political Prob lems Is Task. RESOLUTION IS INTRODUCED Legislative and Congression al Puzzles Faced. PERSONAL AMBITIONS UP Many Senators Eager for Place on Body in Hopes of Furthering Chances for Congress. II n. Ill n.li I OV SESSION OF ORKiO. LEGISLATURE. Eleven bills and two resolu tions introduced in house. Resolution extending time of legislative session to 60 days ajid increasing pay of members to $5 a day introduced. Resolution redisricting state for representation In legisla ture presented. Adjournment taken at noon until 11 A. M. Monday. Application to unseat Herbert Gordon tabled until Monday morning. ; j STATU HOUSE, Salem,, Jan. 13. (Special.) Control of the programme for reapportionment of legislative districts and making new congres sional districts will be placed in the Lhands of 10 members, if Senator Up ton s joint resolution, introduced to day, is adopted. The resolution calls for a committee of five from the sen ate and five from the house, the president and speaker being included, to consider all proposed legislation along that line. Providing the Joint resolution is carried, President Ritner and Speaker Bean, working together, will have the entire situation in their hands and they have an organization suf ficiently strong to put through any programme they may decide on. Geographical Issue I Up. Speaker Bean hai been inclined to the idea of having the respective resolutions committee handle the sub ject, but some opposition is made to this by President Ritner. who holds that a wider geographical distribu tion can be obtained by making spe cial selections. The senate committee of five will probably consist of President Ritner. Senator Upton as father of the reso lution, Senator Patterson and either; Senator Banks or Senator Moser. There still remains a fifth one to complete the committee of five. Sen ator Norblad wants to be on the com mittee, as he is an aspirant for con gress, and has offered one bill cre ating new- districts, and Senator Den nis wants to be on the committee because he doesn't want the second congressional district, represented by N. J. Sinnott, disturbed. Other Mmo Seek Place. Of course, there are other members of the senate who crave appointment on the committee, but they are doomed to disappointment. In the house it is a little more difficult to forecast the prospective personnel of the committee. However, Speaker Bean, Representative Bur. dick. Representative Kubli and Rep resentative Gallagher are reasonably close guesses as to four of the five. Already' Norblad has a bill to create new congressional districts and Representative Lynn today pre sented a measure to change the con stitution so that there shall be a senate of 40 members and a house of 80 members. Those are but pre liminary to other measures dealing with the . congressional and legisla tive districts. Problem Simply Political. The reapportionment problem is simply political. The Joint resolu tion, provided it is adopted, as it most likely will be, will give ad vantage to what is knovssi as the "organization." So far, no one has positive ideas on redistricting the legislature. To get at the matter properly will require mathematical study. The population figures must be taken into consideration whether the legislature is being reapportioned or whether a new congressional dis trict is being carved out. Mr. Lynn's joint resolution will have to be referred to the voters if It is favored by the legislature. His plan 'is to Increase the total member ship from 90 to 120. Mr. Lynn's programme calls for each county hav- ing one representative at least but that any future counties created shall not have a single representative un less such counties have a population oft more than 5000. Another Amendment Offered. Another amendment to the consti tution is proposed by Mr. Lynn. This proposes the old idea of increasing the salary of members from $3 to $5 a day. In addition to mileage. A some what similar measure has been of fered in the senate, although the peo ple emphatically rejected the proposal to increase, legislative salaries two months ago. Senator Upton's Joint .eSolution calling for the special committee to (Concluded on Page c. Column ess Patrolmen Working on Auto Theft -Uvidenlally I'ncovcr Gang. Seven Robberies Admitted. White working upon a case on the east side last night, Patrolmen Seely and Parmely of the auto theft de partment unwittingly solved the identity of prowlers who have been I responsible for numerous burglaries of the last two weeks. The burglars were boys between 13 and 16 years old, who confessed to entering seven homes and gave information which may implicate them in several more. The policemen were near the cor ner of East Eighteenth and Alberta streets when they observed two forms disappear into the dark doorway of an apartment house. Investigation landed Alec Samuelson, 16, and Law rence Smith, 16. In police headquar ters. Samuelson was found $0 be carrying a- .38 revolver, cartridges, flashlight and pass keys. Smith was content with a flashlight and sev eral pass keys. Under examination they implicated Burton Martin. 13, and James Christensen. 13. both of whom admitted complicity in several burglaries, according to the police. Among the houses entered were those at Thirty-second and Webster, 27 Jarrett, 24 Jarrett, Nineteenth and Skidmire and 960 East Twen ty - first street North. Articles taken ranged from copper cents to an expensive automatic pistol and jewelry. The boys declared that their depredations had all been com mitted within the past two wcekB. "Here's a sample of the burglars who are terrorizing Portland." said Mayor Baker, after he had listened to the cross-examination of the youths. "State emphatically when you write your story that from now on the curfew lid is to be clamped down tight. No parental excuses will be accepted.'' Police brought out that the boys had been "ganging" together for a period ranging fivm months to two years, depending on when the several members moved into the neighbor hood. When younger they were con tent with small offenses, such as smoking cigarettes behind barns; growing older, more thrills were re quired. Young Smith said that they did most of the Jobs so as to obtain revolvers with which to practice shooting in the "slough." Alec Samuelson is the son of Sander Samuelson, a hardware dealer, re siding at 1029 East Twenty-first street. It was from this store that the boys procured their flashlights and cartridges, they said. Lawrence Smith is the stepson of Claud Dunbar, 811 Killingsworth avenue. James Christensen is the son of Ray Chris tensen, 960 East Twenty-first street north (one of the houses which the boys confessed to entering). Burton Martin is the son of E. J. Martin. 610 Going street. All of the boys were detained for the juvenile authorities. INDEX OF TODAYS NEWS The Weather. YESTERDAY'S Maximum temperature. 50 degrees, minimum. 41 degrees. TODAY'S Itain; southerly winds. Foreign. Policy of America in Russia is outlined. Page ". Political collapse of Austria is at hand Page 4. North Dakota representative rebukes in terests clamoring for hish tariff Page 1. National. Daniels denies permitting filer's wife to I actions in grain. The, house commit-ci.-o nt halloon triD letter. Page 2. I tee on agriculture was told todav. give out balloon trip letter, rage 2. I Permits to sell liquor on American ships! asked. Fa.se l, Less haste advised in congressional redis tricting by states. Page L Domestic. Mayor of Cork testifies Dcrore committee of 100. Page L Townley'a career brief and stormy. Page 5. Legislature. Long-time loan proposed as bonus substi tute. I'age 8. Joint oommitlee proposed to handle con gressional and legislative redistricting. Page 1. Olcott gives notice of secret message, i'age L Protection of road contractors proposed. Page 8. Pacifie Mori Invest. Washington labor fights tew bureau. Page 9. Movement started In Idaho for vast recla mation programme. Page 7. Sports. Devere gets ready for the fight tonight Page 14. Revision of drafting ruins Is started. Page 14. Wilde is defeated by Herman. Page 11. Commercial and .Marine. American wheat crop may have been over sold. P 21. Official figures on Argentine surplus weaa en Chlc.tgo wheat market. Page 21. Stock shorts resume drive against special ties. Page 2L Port bills giving local organization greater powers ready for legislature. Page 20 Improvements for terminal No. 4 ordered by dock commission. Page 20. Portland and Vicinity. Three babes In want. Portland mother be comes ourgiar. i -. District attorneys gather for annual con vention Page 15. Etberldge awaits receiver's call to aid in audit I'age o I launch fnrmallv , ,-r.- "lve marketing associations. Page 12 campaign against punch board ... begun Page 9. Seven bone houses of Portland desire state supervision. Page 12. ' Automobile show continues to be big draw ing card Page 22. Bend commercial club ask legislature to intervene in irrigation controversiws in central Oregon. Page 13. Boys are arrested as beach burglarj. Page 22 Council passes strict soft drink ordinance. Page 3. Council restricts the parking of taxlcaba Page 4. Shadow escapes In rain of lead from 15 police and deputies. Page L. 1500 veterans at armory roar approval of state bonus. Page 1. Discharged Inspector blames department heads for faulty sewer work. Page ti. James John and Hawthorne schools to be built in 11121, Doaru uecio.es. I'ajje o. matam seven home robberies. Page 1. House Fight Against In crease is Brewing. OPPOSITION GAINS STRENGTH Some Legislatures, However, Are Going Right Ahead. INEFFICIENCY IS FEARED Gillctt, Cauiiou and Clark Are Planning to Defeat Move lor Larger Membership. THE ORKGON1A.N NEWS BURE 1". Washington, Jan. 13. States which are entitled to one or more additional representatives in the lower branch of congress under the terms of the Siegel reapportionment bill recently approveu by the republican caucus, it was understood today. Will be quietly advised by leaders In their legislatures, to go slowly in passing redistric :lng measures. House leaders have heard that some of the state legislatures have accepted the recent action of the republicau caucus as final, and have begun draft ing measures to be hurried through without awaiting tlio definite and final action of congress It has be come apparent in the last day or two that formidable opposition Is develop ing toward any programme to in crease the house membership. l.nrger Membership Sought. Speaker Gillctt of Massachusetts ex-Speaker Cannon of Illinois, both republicans, and ex-Speaker Clark, democrat, have been planning to make . a fight on tbe floor to defeat any larger membership. Oregon and Wash ington were Included in the stales which would have Increased member ship under the Siegel bill, eacii receiv ing one additional representative. Their legislatures have begun con sidering the question of redistricting "I am opposed to an Increase in the house of representatives." said Speak er Gillett. "That was my position 21) years ago when the house was en larged, and It was my position ten years ugo when wc passed the present law increasing the membership to 435. I am strongly opposed to adding 48 new members to the house. "Generally speaking, I am opposed to It because I think increased mem bership tends toward inefficiency. The house is too large today, according to my opinion, and it will be even more unwieldy and. 1 am afraid, less effi cient with a membership of 483 as is proposed." Inefficiency Is Feared. Champ Clark said that the larger the house becomes the more unruly as well as the more Inefficient it be comes. "We cannot go on adding to the house Indefinitely," said "Uncle Joe" Cannon. "There must be an end somewhere, and I think the end has been reached. I cannot sec any advan tage in a bigger house." From everywhere in 'the wheat growing sections of the country are coming petitions for the enactment j of legislation to prevent future traos- tee on however by F. A. Chamberlain, a Minneapolis banker, that tlio farmer would be tnc loser if the practice of hedging or future trading on grain exchanges were slopped. Speaking of the niatter from a banker's standpoint alone, he said there never had been a time in his more than 30 years of experience when receipts for grain were not con sidered one of the best securities for a loan; that the value of this se curity was enhanced by the fact that market facilities under present condi tions gave an unrestricted market and that if hedging or future trading were prevented, as has been proposed in legislation now before the com mittee, bankers would require larger margins on loans secured by grain receipts, that tho market would be restricted, and that losses would re sult to the producers and consumers. Market Broadened by Trade. "I have no doubt In saying that the freer the grain market the better is grain as security for a loan," he said, answering questions from tbe committee. "Do you think that farmers would not receive as much for their grain as they do now if it were not for tho grain exchanges and the system of marketing on which they operate?" asked Representative McLaughlin of Michigan. "I am sure of that," said Mr. Cham berlain. He said further that those who tried to deal in grain without hedging had met with financial dis aster, and that successful farmers' elevators are just as much In favor of hedging as are the grain ex changes. "Any kind of trading that Is legiti mate," he said, "has a tendency to broaden the market and that is of benefit to the grower as well as to other branches of the grain trade." Paper Company Incorporates. VICTORIA. B. C. Jan. 13. The pro vincial registrar of companies today announced that the Prince Rupert Pulp Paper company, Ltd., with a capitalization of J4. 000.000. has been incorporated with the object of man ufacturing paper on a large scale it itbera Hrilisli CfliiBi bh