13
GADS
GREAT REDUCTIONS IN PRICES. CASH OR CREDIT. GOODS
MUST GO. STOCK FOR 1904 IS COMING SPACE IS WANTED
REAE) THESE PRICES READ THESE PRICES
READ THESE PRICES
HUNDREDS MORE OF BARGAINS LIKE THEM ALL OVER THE HOUSE
THE SUNDAY. DUEGONIAN, PORTLAND, JANUARY 3, 190$.
BY'S
15th
ANNUAL
SALE
PARLOR FURNITURE
1 Suit San Domingo Mahogany, upholstered in
silk damask, 5 pieces, value $240,
reduced to. . $175
3 Suits Solid Mahogany, handsomely hand
carved, consisting of 5 pieces, regular
price $250 $180
18 Suits Mahogany Yeneered, 5 pieces, all beau
tifully -upholstered in Yeronas, silk damasks
and silk tapestries, prices from $100
to $120, offered at .90
15 Suits Birch Iframes. 5 pieces, each, all in silk
damask or silk tapestry, priced from $55
to $67, offered at the low price of . . . . $45
7 Suits Imitation Mahogany, 5 pieces uphol
stered in velours, regular $40 to $45 suits,
special during the sale ; . . 30
14 Suits Imitation Mahogany, 5 pieces, consist
ing of sofa, divan, patent rocker, arm chair
and reception chair upholstered in tapes
try, regular $35, cut down to 25
Divans, Corner Chairs, Settees, Roman Seats,
Parlor Tables, Pedestals, Bric-a-Bric Stands,
Cabinets, Ladies' Desks, Morris Chairs and
Couches at 25 to 33 1-3 per cent reductions.
Anything you want to furnish a house will be
sold equally low, with v the exception of goods
made by manufacturers who will not permit cut
ting below factory prices.
HUNDREDS OF SIDEBOARDS, BUFFETS, CHIFFONIERS, DRESSING TABLES, TOILET WASHSTANDS, LIBRARY AND PARLOR TABLES, PEDESTALS, BOOKCASES, JARDINIERE
STANDS, MORRIS CHAIRS, SOFAS, DIVANS, COUCHES, LOUNGES. EVERYTHING WAY, WAY DOWN. OPPORTUNITY OF A LIFETIME. FIRST-CLASS GOODS AT THE PRICE OF TRASH
HILL FEARED RAIDS
Pooling of Railway Stock
Only a Safeguard. .
MERGER AN AFTER-THOUGHT
Morgan First Intended to Organize
a Trust Company to Hold Shares- .
Attorneys File Brief Defending
the Securities Company.
WASHINGTON", Jan. 2. Two briefs on
behalf of the appelless" In the case of the
State of Minnesota against the Northern
Securities Company and others, Involving
the ownership of the Northern Pacific
and Great Northern Railways In the Se
curities Company, were filed today In the
Supreme Court of the United States. One
of these -was a general argument in be
half of all the appellees, and the other a
special brief In support or all the propo
sitions of the Securities Company only.
Both briefs contend for the regularity of
the purchase of the shares of the railroad
companies by the Securities Company, and
urge that tho .Minnesota anti-trust law
does not cover the transaction.
Tho general brief necessarily traverses
much of the same ground covered in the
case of the United States against the same
companies that are involved In this case.
Tho attorneys review tho Incidents of the
consolidation, and say It was necessary
In order to extend the trade of the United
States to tho Orient: that it was essential
to both the Northern Pacific and the
Great Northern to havo an Eastern con
nection, which was secured through the
purchase of the Burlington road, and also
that the union became almost Imperative
"after the raid made by the Union Pa
cific on Northern Pacific stock In 190L"
They then state: "And just such an at
tack might be renewed by the same or
other parties. A change of ownership of
but a few millions a change that might
at any time result from death or other
wisewould change the balance of power
In tho corporation, and as the makers of
any future stock could not possibly make
the mistake of buying preferred for com
mon. Mr. Hill and his friends and J. P.
Morgan & Co., deemed it absolutely nec
essary to take measures which should pro
tect their property and that of their fel
low shareholders and the commerce of
tho two roads and the enterprise which
they had undertaken and which required
every advantage- which the Burlington
connection could give."
Merger an After-Thought.
It is stated that Mr. Morgan's first
thought In connection with the Union Pa
cific raid was to protect the Northern Pa
cific shares and the consolidation of the
twe roads into the securities company was
on after-thought.
"At first." they say, "he had in mind
placing the shares in a trust company,
but this was soon abandoned as from Its
small capitalization a trust company could
be bought up easier than the railroad
company. About the month of September,
learning of the enlargement of the plan
of the Great Northern holding company
and the large capitalization resulting
therefrom, which large capitalization
would add greatly to It, Mr. Morgan pro
posed to Mr. Hill that he turn la the
Northern Pacific stock to J. P. Morgan
& Co.. and other friends to this proposed
holding company." It Is contended that
the Incorporation of the securities com
pany in New Jersey instead of Minnesota
was perfectly regular. Admitting that the
consolidation may have the effect of pre
AM
venting competition where the two roads
run, the attorneys contend:
"Taking all the facts Into account, it
cannot be said that the net result will be
a restraint of commerce. The contrary is
true and is proved. And all the facts, all
the commerce of the railway company,
must be taken into account and not mere
ly the small portion, that may have been
incidentally restrained."
Not the Act of Corporations.
They maintain that the consolidation
was not an act of the corporations them
selves, but of the shareholders, and say
that the sales of stock thus made by the
shareholders were no more the acts of the
railways themselves than any other sale
of stock would be. It Is also asserted that
the evidence falls to show that the Secu
rities Company has taken any part in tho
management of the railway lines.
Mr. Clough's brief Is devoted to a dis
cussion of the bearing of the Minnesota
anti-trust law on the case. He says:.
"This statute is a -plain attempt by a
state to regulate commerce between the
states and with foreign countries. The
Legislature did not proceed upon the the
ory of a separation of state trade from
Interstate and International. The highly
penal law contains no evidence that tho
Legislature would have been willing to
adopt ltvlf its operation were restricted
to trade within jurisdiction of the state.
This may be an instance where the plain
invalidity of part of what the Legislature
sought to do annuls the whole. Again, the
forbidden acts must be done within the
Jurisdiction of the state. This limit at
taches of all stae legislation. The things
questioned here have been limited to pur
chases made in the State of New York by
a corporation of the State of "Wisconsin
and others in a corporation of the State
of Minnesota. Nothing connected with any
of these purchases has ever been done in
the State of Minnesota."
HARRIMAN BUREAU SHAKE-UP
Change in Immigration Officials and
Methods of Operation Probable.
Information from Chicago has it that
there are to be some changes in the Har
rlman Immigration Bureau, which has its
headquarters at Chicago. Just what the
changes are Is not known, but it is under
stood that they include a change in offi
cials and in method of operation. There
has been some intimation that there will
be a retirement of directors and possibly
a change in officials throughout. No In
formation could be obtained locally, with
regard to the proposed changes. The bu
reau is at present under the direction of
G. H. McKlnney, general agent of the
bureau. Its business has been to direct
Immigration out along the lines of the
Harriman system and to look after the
settling up of districts tapped by the
roads of the system. This bureau .has
done much to direct travel Into the North
west, and Oregon has benefited by it to
a considerable degree.
Mr. McKlnney is an immigration agent
of wide experience, and it Is not thought
that there will be any change In his posi
tion. Briefs Filed In Merger Case.
"WASHINGTON, Jan. I-Two briefs on
behalf of the appellees In the case of the
State of Minnesota against the Northern
Securities Compuiy and others Involving
tho ownership of the Northern Pacific
and Great Northern Railways In the Se
curities Company were filed today In the
Supreme Court of the United States. One
of these was a general argument In be
half of all the. appellees, and the other a
special brief In support of the propo
sition of the Securities Company only
Both briefs contend for the regularity of
the purchase of the shares of the rail
road companies by the Securities Com
pany and urge that the Minnesota anti
trust law does not cover the transaction.
Salem Man Attached.
SALEM, Or.. Jan. 2. (Special.) An at
tachment suit was brought today by Ni
cola 1 Bros'. Company, of Portland, against
John Stout, proprietor of a sash and door
factory, to recover $323.
DINING-ROOM BARGAINS
The New Stock of Weathered Oak Dining-Room
Furniture Will Be Reduced 10
Per Cent Straight.
6 Dining-room Suits, weathered oak, consisting,
of 6 chairs, 1 armchair, 1 sideboard or buffet
and 1 extension table, regular $68.00,
reduced to ......... i , . ,48
1 Dining Suit, weathered oak, 1 sideboard
6 chairs, 1 table, $48.00, now for 32.50
l.Suit Golden Oak, regular $250, now. . . .175
1 Suit Weathered Oak, with Spanish leather
seat chairs, Mission design. $100, now 75
1 Oak Sideboard, $125, reduced to 65
1 Oak Sideboard, $100, reduced to 60
2 Oak Sideboards, $80, reduced to 60
2 Oak Sideboards, $48.00, reduced to. .... . .30
12 Oak Sideboards, $48 to $60, reduced to . . 40
A lot of Odd Sideboards and Buffets at reductions
of 10 to 50 per cent.
10 Solid Oak Pedestal Leg Tables, regular
$20.00, now 15
100 Oak Extension Tables, 8 feet long, reg
ular $14.00, now 11
25 Oak Extension Tables, 6 feet long, $12.50,
now. 9
RANGE BARGAINS
Reliance St. Clair Ranges, value $35, have-6 IRo.
8-inch holes, oven 16x20 inches, high
warming closet; to reduce stock 27.50
Cook Stoves, No. 8, large fire box, oven 16
' inches, regular $12.50, now ' 9.90
QADSBY, i he Housef urnisher
CORNER WASHINGTON AND FIRST STREETS
WILL FIGHT COMBINE
PACIFIC COAST COMPANY WILL
CARRY LUMBER.
Millmen Bring About the' War by
Carrying Passengers on
Their Crafts.
SAN FRANCISCO, Jan. L The Pacific
Coast Steamship Company has been mak
ing most extensive preparations to carry
on its fight against the lumber combi
nation of the Northwest, having been
compelled to take this step by the action
of the lumbermen themselves. The mill
men of the Northwest have built up a
considerable business In carrying passen
gers on their lumber schooners between
Puget Sound ports and San Francisco, to
the material injury of the steamship
company, which had a practical monoply
of the field. Running big steamers with
decreased passenger lists and in compe
tition with shipowners who regarded that
business as incidental to their trade of
carrying lumber, compelled the Pacific
Coast Steamship Company to retaliate.
This programme is to be carried out
with a vigor that in the opinion of lum
bermen will demoralize the prices of pine
lumber in California. And as the prices
of pine or Douglas fir from the Northwest
are reduced, the market for redwood lum
ber will drop In sympathy. The result
looked for Is a decided drop In prices of
all kinds of lumber.
Steamers will be put on by the Pacific
Coast Company between the Northwest
and California to supply the company's
yards in this city and at San Diego and
other ports In Southern California. The
yards have been established and are now
in readiness to receive cargoes of lum
ber. "Within tho past few weeks the pine
lumbermen's combine went to pieces on
its export compact through the attitude
of the California manufacturers who have
mills on the Puget Sound. They wanted
the rule rescinded which confined the
mills to a maximum output pro rata, on
the comparative ability of the mill for
production and also to supply for export
trade all their mills are able to produce.
On this point the combine ceased to exist
today. There will consequently be an open
market here and prices will drop through
the competition of the millmen and still
further affected by the Pacific Coast Com
pany's competition.
Edwin K. "Wood, president of the E.
K. "Wood Lumber Company, one of the
largest pine lumber manufacturers in the
Northwest, has stated that the Pacific
Coast Steamship Company can get all the
lumber It wants to buy from many mills
on Puget Sound, so there can be no pos
sibility of shutting off that company's
source of supply.
OPPOSED TO SHIP SUBSIDY.
Denver Merchants Declare Regulat
ing of Commerce Proper Remedy.
The Denver Chamber ofCommerce and
Commercial- Club has placed Itself on rec
ord as opposed to the ship subsidy bill. At
a late meeting of "the chamber the fol
lowing resolutions, drawn upby a com
mittee, were unanimously adopted:
"In the opinion of your committee what
is now required to rehabilitate our mer
chant marine Is the regulation of our for
eign commerce. In other words, naviga
tion laws that will secure the employ
ment of American vessels In place of for
eign. Discriminating tonnage and tariff
duties are the principal suggestions, but
there are a few others. In the domestic
trade our rights are secured by prohibi
tory law, so they may be In our foreign
trade. In our opinion it is not for foreign
nations by any agreement whatever to
insist that they shall carry our commerce,
and that we shall continue a policy under
and by the operation of which we have
lost our ability to carry it ourselves.
1n our view the general subsidizing of :
our marine would prove Ineffectual, and In
its nature could Hot give full relief. "When"
we have provided- for the carriage of
ocean malls, subsidy should go no fur
ther. "Unless our laws assert the principle
of American vessels for American com
merce, nothing can be .otherwise enact
ed that, will ever amount to anything."
FINDS IT WELL CONDUCTED.
Cortelyou's Investigation of San
Francisco Sailors' Home.
SAN FRANCISCO. Jan. 2. Secretary
Cortelyou, of the Department of Commerce
and Labor, has" completed his Investiga
tions Into the charges preferred by the
British Embassy against the management
of the Sailors' Home In this city, and has
puSlished a report covering 73 pages of a
Senate document of closely printed matter.
The British Embassy charged that "there
Is strong reason for believing that this in
stitution under its present management
differs but little from a crimping estab
lishment, although It Is alleged that the
building Is the property of the United
States Government and leased at a low
rent to the Home for charitable purposes
In connection with the care of seamen."
"The testimony shows," says Secretary
Cortelyou, "that the Sailors Home at
San Francisco Is, in the main, a well
conducted sailors' boarding-house.
"The Home now appears to be conducted
principally as a sailors' boarding-house
for the profit of the superintendent, with
incidental philanthropy. I have deemed It
best to transmit the papers directly to
Congress to determine whether Its purpose
Is being fulfilled, and if not, what dispo
sition shall be made of the property,
which is valuable."
Too Late to .Escape Duty.
SAN FRANCISCO. Jan. 2. The British
ship Falls of Dee and the French bark
Vendeo arrived In port today a few hours
too late to escape the duty on foreign coal.
The law levying 75 cents on foreign coal is
now in effect
Rhine Blocked by Ice.
COLOGNE, Jan. 2. Navigation of tho
Rhine has been completely suspended by
ice.
Domestic and Foreign Ports.
- ASTORIA. Orl, Jan. .2. Arrived at 12:15 P.
il. Barkentlne Georglna, from San Francisco.
Arrived at 1 P. 31. Schooner Volunteer, from
San Francisco. Outside at 5 P. M. A four
masted schooner. Condition of the bar at 5
P. M., smooth: wind east; weather cloudy.
Seattle, Jan. 2. Sailed Steamer Pleiades,
for Japan and China; steamer Excelsior, for
Valdes. Arrived Jan. 1 Schooner Eric, from
Carman Island. (
Tacoma, Jan. 2. Arrived Steamer -Cottage
City, from Alaska. Sailed Steamer Queen,
for Seattle and San Francisco; schooner "Will.
Jam F. "Wltzemann, for San Pedro.
Hoquiam. Wash., Jan. 2. (Special.) Arrived
Schooner Fanny Dutard. from San Francisco,
fcr Aberdeen. Sailed Schooner Marlon, from
Aberdeen, for San .Francisco; schooner Cecelia
Sudden, from Aberdeen, for San Francisco;
schooner Robert Hlnee, from Aberdeen, for
San Francisco; steamer Linden, from Aber
deen, for" San ranclsco; schooner O. M.
Helloes; from Hoauiam, for 'San Francisco:
steamer laqua, from Hoaclara1. for San Fran.
! clsco. . Arrived Schooner J, K. Bruce, from
! San Francisco, for Aberdeen; schooner J. F.
j Miller, from Redondo, for Aberdeen; schooner
j Winkle man, from San Francisco, for Ho
quiam; scnooner A. j. west, from Santa Rosa,
for Aberdeen.
Czar's Greetings, to Roosevelt.
"WASHINGTON, Jan. 2. The President
has received a personal cablegram from
the Czar of Russia extending New Tear's
greetings In a most felicitous manner. It
is probable that the President's response
will be made on the Russian New Year.
Sinking of Warship Discredited.
COLON, Jan. 2. The reported sinking
of the Colombian gunboat General Pinzon
by an American warship is still uncon
firmed and Is discredited here.
HALL, LIBRARY AND DEN '
7 Weathered Oak Morris Chairs, Pantasote
cushion, regular $19.50, reduced to, . .12.50
3 Golden Oak Morris. Chairs, Yelour cush
ions, regular $12.50, reduced to ,9
3 large Turkish Leather Rockers, regular
$45, $50 and $41, first choice 37
1 Solid Mahogany Morris Chair, $50, now. . .30
1 Weathered Oak 3-seetibh-Hookcase,-5 feet
long, regular $35, reduced to. $27.50
1 Weathered Oak Bookcase, 4 feet long,
$30, now 25
1 Weathered Oak Bookcase,-3 feet 6 inches,
$25, now r v ,...20
1 Weathered Oak Bookcase, 3 feet long, $20,
now . 15
1 Weathered Oak Bookcase, 2 feet 6 inches
- long,-$15, now : H
All the above Bookcases have glass fronts.
1 Quaint Hall Tree, Weathered Oak, $25,
now 20
1 Library Table, Weathered Oak, $30,
now 22.50
3 Cellerettes, Weathered Oak and Golden
Oak, $16, $18 and $20, choice. . , 14
We have the- largest stock of Weathered Oak Furni
ture In the city, and cannot begin-to enumerate It In the
space at our disposal.
BEDROOM FURNITURE
1 Solid Mahogany Suit, 4 pieces, regular
$335, now 275
1 Mahogany Suit, 4 pieces, $240, now. . . .190
1 Mahogany Suit, 3 pieces, $150, now. . ; . . .110
SWAY OF PERSIAN GUFL
INTERNATIONAL SITUATION AS
SEEN BY GERMAN PAPER.
Curzon's Recent Visit Considered of
Importance Conflict, of Russian
and British Commerce.
Germany, through the Bagdad Railroad,
which hasn't yet been built, but, by the
goodness of Abdul-Hamld Is chartered,
has much curiosity and interest In what
Is going on and going to occur In the
Persian Gulf region. Consequently the
views of the Hamburger Nachrichten, one
of Germany's leading newspapers, as
translated for the Boston Transcript, on
the controversy In that region between
Russia and Great Britain may be taken
to show how Germany regards the present
trend of affairs, "apropos of the visit o
Lord Curzon.
This visit was said to have special ref
erence to the boundary question between
Persia and India, but as a dispatch in
the Transcript last Saturday related, Lord
Curzon did not land at Busblre, owing to
reasons which might have involved British
prestige in Oriental eyes. "What political
importance, if any, attaches to his Lord
ship's action will come out later.
"Lord Curzon's tour through the Persian
Gulf which Is being carried out with so
much pomp and military show. Is clearly
Intended," says the German editor, "to
serve a double purpose; It gives to the
Persians and Arabians an ocular demon
stration of the powers of the United King
dom, and It 13 meant to convince foreign
powers, especially Russia, of her Inten
tion to limit, so far as possible, their in
fluence In that quarter of the. globe. It Is
extremely probable that Britain has also
a third object in view; to annex a port in
the gulf, which shall be to her a naval
base and coaling station, as well as sup
plying an emporium for her trade. Eng
land possesses at present In the Persian
Gulf only 'the port of Bassadore, situated
on the western side of the Persian Island
Klschm. This port was used by the Indian
fleet for several years following the war
of 1820, but It was soon avoided, owing
to the indifferent water supply, unpro
ductiveness of the land, bad climate, and
heavy duties, all of which tended to make
the place impossible. Consequently Bas
sadore does not satisfy England. "What
she requires Is a place where there are no
duties to pay; where there is a plentiful
supply of good drinking water, in a
healthy situation. In Bahrein, the center
of the Arabian Pearl Industry, all these
are to be found. The place is already
under British protection. "What would be
easier than to annex It? No formalities
would be necessary. '
"The English need only to concede to
the Scbelkh, for a consideration the con
trol of the duties, and of the port, to re
ceive permission to use a portion of the
territory as a naval station, and the mat
ter would be arranged. The port, would
have to be considerably improved, but
that presents no insuperable difficulties.
According to the English theory she has
every right, not only to a few points upon
the coast, but also to the whole coast line
bordering upon the Persian Gulf, because
It was she who put down pirates and the
slave trade, and opened up the Persian
Gulf to trade and commerce. The Eng
lish Imperialists say that, had they so
desired, they could have annexed the en
tire coast line of the Persian Gulf a
hundred years ago without dfilculty. That
they refrained from doing so in no way
prejudices their right to do it now. And
If now they only exercise this right In
part so as to exclude unwelcome competi
tors, their magnanimity Is the cause.
"In England the Imperialists are at
great pains tq induce the government to
annex a port In the Persian Gulf. They
maintain that It Is unsafe to wait longer;
that the safety cf the Indian Empire and
the requirements of British trade demand
the establishment of a naval port in the
gulf, and that It could be done more easily
1 Birdseye Maple Suit, $53, now 40
1 Golden Oak Quarter-Sawed Suit, $53, now .40
12 Golden Oak Suits, $45, now 35
14 Solid Oak Suits, $36, now. . M... . , . ... 25
2 Solid Oak Suits, $30, now . .22
17 Golden Maple Suits, $25, now. . ... .... , .20
14 Golden Ash Suits, $26, now.. . . ...... .... v21
50 Hardwood Suits, $24, now -. 19
110 ffotel Suits, Pir, $15, now. 12
Odd Dressers, Chiffoniers, Wardrobes, Toilet Tables,
Chairs and Rockers all reduced. Call and look over the
red tags.
CARPET DEPT. BARGAINS
Royal Axniinsters, reg. $1.50, now 1.22
Wilton Yelvet Carpets, $1.50, now. ...... .1.22
DunTap's Yelvet Carpets, $1.25, now...;.,. . .1.08
Amber Yelvet Carpets, $1.20, now . . . ,99
Roxbury Brussels, $1.20, now .'.1.08
Ex. Tapestry Brussels, $1.20, now, ........ .1.08
Alex Smith's Tapestry, $1,10, now. ...... . ,94
Burlington Brussels, $1.00, now. . . . .S5
Reversible Brussels, 55c, now . .45
Extra Wool Ingrains, 85e, now. 77
"Knickerbocker Ingrains, 75c, now . .59
Sterling Ingrains, 65c, now . .50
RUGS
$20 Brussels Rugs, 9x12, now 17.50
$15 Brussels Rugs, 9x10-6, now 12.00
$12 Brussels Rugs, 6x9, now. : .10.00
$4.50 Axminster Rugs, 3x6, now .3.75
$3.50 Axminster Rugs, 2-6x4-6, now. . . .2,75
$1 Carpet Rugs, 2-6x4, now 75
now than hereafter. Many English imper
ialists go further and recommend the gov
ernment to establish a protectorate over
Oman In order to make It clear to the
world at large that she Intends this ter
ritory for herself and that thereby France
should see the fatuity of trying to make
room for herself In Oman, and of trying
to upset British politics In Arabia. From
every housetop English patriots now
preach that if Russia, Germany or France
are permitted even a single foothold In
the Persian Gulf or Indian Ocean the
safety of India will become menaced, and
that England must spare herself no effort
to exclude them from this territory, The
Persian Gulf la now the practical frontier
of India and It Is time to decide forever
the question of the division of Persia.
EXPEETS GO OYER BOOKS.
Serious Charges Against Interstate
Commerce Commission.
"WASHINGTON. Jan.. 2. Treasury De
partment experts today Instituted an in
vestigation of the accounts of the Inter
state Commerce Commission. The action
Is taken at the Instance of acting Chair
man. Clements, of the commission, as a
result of persistent rumors of irregulari
ties In the drawing of vouchers, etc.
"When the expert accountants, Nathaniel
L. Ambrose, Richard K. Taylor and James
L. Chase, the latter of the office of the
Auditor for the State and other depart
ments, reached the commission today, they
sealed the safe and examined Secretary
Edward A. Moseley, H. S. Mllstead. the
cashier, and other employes. Mllstead has
not been suspended. Mr. Moseley is under
325,000 bonds as disbursing officer.
It is understood that the rumors Include
allegations of payments made for service
at one place, while the payee was en
gaged elsewhere, with similar irregular
methods. The Investigation will be thor
ough, and In every phase of the account
ing work of the commission will be thor
oughly overhauled. The commission han
dled about $127,000 annually, the bulk be
ing for salaries, traveling expenses, etc.
The payments are by warrants drawn on
the treasury. H. S. Mllstead performs
the duties of cashier, but Edward A.
MoBely, the secretary of the commission,
is in charge of all the accounting work.
Acting Commissioner Clements, who is
head of the commission In the absence of
Chairman Knapp, in New York City, said
that he did not regard the situation as
startling and that he did not believe any
wrongful conduct would be found, but
that It was the unanimous opinion of the
commission that the rumors should be in
quired into by experts to ascertain the
exact facts.
PUBLIC DEBT IS DECREASING.
December Statement Shows a Reduc
tion of $11,618,530.
"WASHINGTON, Jan. 3. The monthly
statement of the public debt shows tfiat
at the close of business December 31, 1903,
the debt, less cash in the treasury,
amounted to $314,150,880, which is a de
crease for the month of $11,618,530. The
debt is recapitulated as follows:
Interest-bearing debt $ 001,747.220
Debt on which interest baa ceased
since maturity., 1,106,530
Debt bearing no interest 300,582,025
Total $1,203,523,775
This amount, however, does not Include
$9S5,328,S69 in certificates and treasury
notes outstanding, which are offset by an
equal amount of cash on hand held for
their redemption.
The cash in the Treasury is classified as
follows:
Gold reserve fund $ 150,000.000
Trnst funds 935.323.860
General fund : 14S.133.774
In National bank depositaries.... 172.150,338
Total $1,405,021,082
Against this there are demand liabilities
outstanding amounting to $1.026,247.086, 1
which leaves a cash, "balance on hand of j
$379,374,895.
The cash in the Treasury was increased I
during the month by $10,137,465, This was
largely due to decreases in. disbursing of
ficers' balances.
Surplus for December.
"WASHINGTON. Jan. 2. The monthly
statement of the Government's receipts
and expenditures shows that for- the
month of December, 1903, the total receipts
were $42,747,592, and the expenditures $33,
255,804, leaving a surplus for the month
of $10,401,788.
The expenditures during December de
creased about $4,300,000 aa compared with
December, 1902. The expenditures on ac
count of the "War Department decreased
during the month $3,800,000. and the Navy
Department increased about $1,265,000.
Morning Publication Abandoned,
NEW YORK. Jan, 2. The Dally News,
which about a year ago abandoned the
afternoon newspaper field and became a
morning publication, has discontinued its
publication as a morning newspaper, and
beginning today will appear as an after
noon paper.
Increase in Value of Silver.
"WASHINGTON, Jan. 2. The quarterly
statement of the value of foreign coins Is
sued by the Director of the Mint Bhows
a net increase in the value of silver of
.02318 cents an ounce.
Hay Progressing Satisfactorily.
WASHINGTON, Jan. 2. Secretary Hay's
doctor reports he is. progressing satisfac
torily toward complete recovery.
DAILY CITY STATISTICS.
Building Permits.
F. Monroe, Washineton, between Fifth and
Sixth, alterations, $2000.
D II. Hamnussen, East Bumside, between
East Twenty-second and Hast Twenty-fourth',
two-story dwelling, $3000.
F. "W. Torgler. East Buraslde, between East
Twenty-third and East Twenty-fourth, two
story dwelling, $3000.
TV. H. Tuttle, Hendricks avenue, between
Going and Maegly, two-story dwelling, $100.
F. W. Hummel, Grand avenue, between
Seventh and Hill, repairs, $S00.
M. Olscn, Multnomah, between East First
and East Second, two-story dwelling, $2250.
W. D. Fenton. Sixth, between Oak and
Stark, four-etory brick, $70,000.
A.Mulr, Jefferson, between Ffth and Sixth,
two-story flat. $6000.
"William Canaday, Couch, between Third and
Fourth, alterations, $300.
H. Adlx. Fifth, between Clay and Market,
repairs, $475.
Contagious Diseases.
Elsa, George and Albert Bitter, 600 Market,
scarlet fever.
Charles and Irene Besselen, SOS Market,
scarlet fever.
PERSONAL MENTION.
Rudolph I Voelker, a resident of tho
East Side, is visiting relatives in Milwau
kee and Chicago.
United States "Weather Forecaster E. A.
Beals has returned from Hot Lake, Or.,
whero he has been spending a two weeks'
vacation; and will resume his duties as
chief of the local weather bureau tomor
row. During the absence of Mr. Beals the
office of the bureau has been In charge
of Assistant Forecaster Arthur B, "Wol
laber. Life Insurance Company Withdraws.
TOKIO, Jan. 2. Owing to the demand
of the government for a guarantee de
posit upon its legal reserve funds, the
Equitable Life Assurance Society of New
York has announced Its withdrawal from
Japan.
Governess Oh, Kitty, you careless child!
There are not -two rs In "very" Rub one of
them out. Kitty Tes; but which one 7 Punch.
TOO LATE TO CLASSIFY.
i ,
2 FURNISHED HOUSEKEEPING ROOMS.
$10; also two pleasant higher-priced, with
gas. 212 Montgomery.