THE STJ3TDAY OKEUO'IAy, FOKTLAXD, NOVEMBER 3, 1907.
BANK HOLIDAYS
TO DECONTINUED
Country institutions Ask Gov
ernor to Extend Them Un
til Times Improve.
EXPECT GOLD FROM SOUTH
Financiers or Pacific Northwest Will
Hold a Conference Today at Se
attle to Agree Upon Some
Plan for Relief.
PROCLAMATION.
November 2. 1!07.
Whereas, It hap been and is im
possible for the banka of Oregon to
secure shipments of coin or currency
from Eastern financial centfcra. al
though large balances are due to the
banks of this state from Eastern
banks; and
. Whereaa. Requests have come to me
from the leading bank of the whole
state, as well as from different
commercial bodies and depositors to
make proclamation of a legal holiday
from day to day until money can be
obtained to handle the largely in
creased Industrial and commercial .
Interests: and
Whereas, I am firmly convinced
from Information I have received that
our bank were never in better con
dition than at this time, and are only
in need of moneys which are actual
ly due them from correspondent banks
to tide aver the present crisis;
Now, therefore, I, George E. Cham
herlaln, Governor of the State of
Oregon, by vjrtue of the authority
vested In me. do declare Monday, the
4th day of November, 197. a legaV
holiday, for the purpose of assisting
In tiding over the present financial
stringency and protecting the credit
of the state until coin or currency,
now due and owing our people, can be
obtained: and I do declare it my pur
pose to continue to declare such holi
days from day to day until buslnera
conditions appear to me to be normal.
In testimony whereof I have here
unto subscribed my name and caused
the mat seal of the State of Ore-,
gun to be affixed at the Capitol, in
the City of Salem, this 2d day of
November, A. D. ItHt".
GEOPQE E. CHAMBERLAIN,
Governor.
By the Governor.
FRANK BENSON.
Secretary of State.
Bankers of the Pacific Northwest will
hold a conference at Seattle today to dis
cuss the financial outlook in this territory.
The four chief cities of Oregon and
Washington, Portland, Seattle, Tacoma
and Spokane, will be represented. Seattle
was chosen as Deing the most convenient
place for all to gather. W. M. Ladd,
senior member of Ladd & Tilton. and
William Mackintosh, general manager of
the Northern branches of the Bank of
California, will represent the Portland
Clearing-House Association.
Tha bank holiday, declared last Tuesday
morning by Governor Chamberlain, will
be continued tomorrow and will be ex
tended from day to day as may be neces
sary. California acts with Oregon in this.
In Washington, there is a statute which
affords fuller protection to banks than
the Oregon law. making a legal holiday
there possibly unnecessary. ' For this rea
son it is likely that while Oregon and
California are taking advantage of bank
holidays, it " may not be necessary for'
Washington further to have .recourse to
this expedient.
However, this matter will be threshed
out at the meeting today in Seattle. How
the bankers of the two states will pro
ceed, and what is the best solution of
present difficulties, will probably be re
solved on at this session. Unanimity of
action is for the best interests of the
banks and their depositors and that all
wllVact as a unit, after the proper course
is determined upon, is assured.
Draw Thinds From' San Francisco.
Meanwhile efforts are being made to se
cure specie from San Francisco, but as
yet definite arrangements have not been
made, although negotiations are still !n
progress looking to that end. A favorable
conclusion of the negotiations is looked
for at any time. It is said by bankers
that If Jl.000.0fl0 in specie can be secured
from the Sub-Treasury at San Francisco,
there will then be a pronounced feeling of
ease and the situation will improve
promptly. It is -believed that the same
reasons for Government assistance in the
East exist here, and that undoubtedly the
Government funds at the Bay City will
he used along the Pacific Coast for the
assistance of banks in this territory.
Yesterday, the first Saturday in the
month, was a busy day at the local banks,
but there were no indications of uneasi
ness on the part of depositors and nothing
even remotely resembling a run was
started. Everyone at all familiar with the
situation pronounces the Portland banks
In excellent condition and advisee strongly
against taking money out of bank and
hiding it away, when if left in bank, it
will be not only safe, but a source of
strength to the city.
That this advice is heing heeded. wlfr
ever given to occasional doubters, is
shown by the long lines of depositors in
front of the receiving windows at the
Portland banks and the much shorter file
of patrons at the paying wickets". Many
who withdrew money from local banks
when the first ' clouds appeared in the
financial sky are showing their confidence
in Portland's banking strength by replac
ing their money in the banks.
Approve Bank Holidays.
Two meetings of the Portland Clearing
Housa Association were held yesterday.
At the first session the matter of a con
tinuation of a bank holiday over tomorrow
was formally approved and plans made
for the Seattle conference today. At the
meeting, later In the day, delegates were
named to the Seattle gathering, and the
committee reported progress in the nego
tiations for money from the Subtreasury
at San Francleso.
The appeal for the continuation of the
bank holiday came to the Governor yes
terday at his Portland office direct from
country banks, hich find this course
necessary to protect thcmpe'.ves. Governor
Chamberlain complied with their request
to proclaim a bank holiday on Monday,
and agreed to continue the holiday period
from day to day as occasion requires. In
giving his reason for this act Governor
Chamberlain said:
'Application has been made to mo to
taJte this action by nearly all the banks in
this state, and from many commercial
bodies. as well as by many large deposi
tors. The bank holiday will be continued
from day to day until conditions change."
The Clearing-House Association Is
considering the plan of issuing bank
checks of small denominations to sup-
ply the temporary lack of currency,
much after the plan followed In Pitts
burg, where It appears -to result bene
ficially. Details hAve not yet been per
fected, and it may not be put into prac
tice. In a general way the plan is to
issue notes guaranteed either by the
banks, as cashiers' checks, or by the
clearing-house, for the convenience of
the public. This money maf be used
in paying wages and In every other
way will pass as currency..
A . rumor was circulated on the
streets yesterday that the Ladd inter
ests had retired from the Title Guar
antee & Trust Company and that this
institution would not open its doors
when the bank holiday ended. This has
been proved false. TV. M. Ladd him
self said:
"I own 477 shares of the capital
stock of the Title Guarantee & Trust
Company, which I have held more thaii
15 years and which is all I ever owned.
Ladd & Tilton own 278 shares, which
were taken many years ago in a settle
ment, with a debtor. The capital stock
of the company is 2500 shares. I re
tired from the presidency of the In
stitution about a year and a half ago
and from the ' directory the first day
of last July."
This would seem to show that Ladd
& Tilton will stand firmly behind the
Title Guarantee & Trust Company
should there any occasion arise
when that institution needs outside
help, which is only a remote possibil
ity. J. Thorburn Ross, the president,
said yesterday that the report hia bank
will not open again is Idle and
thoughtless. He says the bank will be
open for business just as soon as the
bank holiday is over so there will be
no question of the legality of business
transacted by his ln;tutlon.
Statement From Mr. Ross.
PORTLAND. Nov. 2. -(To the Editors
Today a reporter from The Evening Tele
gram called upon me and asked questions
of as nearly as I can recall the following
Import:
"Has there been any change recently
in your stockholders of the company?" to
which I replied that there had not.
, "Will your bank open Monday morn
ing?" to which I replied that we would
not open so long as the Governor con
tinued the holiday.
I must have been misunderstood as to
other statements credited to me.
1 made no crlltclsm of the Clearing
House. Nor did I say the Ladd interests
hold a controlling interest In this bank.
In fact, they do not. Nor did I speak of
any support from the Ladds.
Mr. William M. Ladd retired from the
presidency of this institution July 1,
1306. J. THORBURN ROSS.
"PANICS AND THEIR CURE"
Rev. J. Whiteomb Brougher Will
Preach on Financial Situation.
Dr. J. Whiteomb Brougher, pastor
of the White Temple, will preach this
morning on the subject of "Panics and
Their Cure." He proposes to discuss
the financial crisis the whole country
Is now facing, and especially to deal
with the problem that the Portland
banks have to face. He believes that
the solution of the whole matter lies'
largely with the people and says that
lie has confidence In the good sense
end sober judgment of Portland people.
Dr. Brougher had a long interview to
day with a prominent member of the
clearing-house committee and is pre
pared to speak with authority concern
ing tho situation. His sermon ought
to prove of great Interest to everyone
at the present time.
In commenting on the subject yes
terday Dr. Brougher said: "Let the
people keep their heads, go ahead and
transact" their business as if nothing
had happened, draw ' just as little
money out of the banks as possible,
only enough to meet the Immediate de
mands of living and It will not be long
before we are all right again."
BANKERS TO MEET IX SEATTLE
Delegation of Six Financiers vLeft
Spokane Last Night. -
SPOKANE. Wash.. Nov. 2. (Special.)
Six members of the Spokane Clear-Ing-House
Association left tonight for
Seattle, where they will attend a meet
ing of the representatives of the clearing-houses
in Seattle, Portland, Taco
ma and Spokane tomorrow afternoon.
The meeting is to devise some plan to
relieve the financial situation In the
Northwest.
Commencing Monday, banks will cash
checks with clearing-house certificate!"
instead of cashiers' checks, which were
used several days this week, and which
were not wholly satisfactory. The
latter will be recalled.
The six who left are J. P. M. Rich
ards, president of the Spokane & East
ern Trust Company; W. D. Vincent,
cashier of the Old National Bank and
president of the Washington State
Bankers' Association: Aaron Kuhn,
president of the Traders' National
Bank; Sam Galland, of the Northwest
Loan & Trust Company; T. H. Brewer,
vice-president of the Fidelity Bank,
and E. T. Coman, vice-president of the
Exchange National Bank.
THUGS INVADE THE- CITY
Grave Situation Appears to Confront
Police Department.
The influx of criminals into this city
during the past few days has been so
great that the police department seems
utterly unable to cope with crime, and
robberies and holdups threaten to be
come of nightly occurrence. Last night
two robberies, in addition to two holdups
reported soon after dark, were commit
ted, making a total of four for the day.
So far the police have been able' to get
no clew to- the perpetrators of the dif
ferent crimes.
At 11 o'clock last night a grocery store
at Eleventh and Glisan streets was held
up and the proprietor robbed of til in
cash, after which the robbers fled down
Glisan street. Captain- of Detectives
Bruin, to whom the robbery was report
ed, ordered his men to give out nothing
concerning the matter.
A little later a second-hand dealer on
North Third street was held up In the
doorway of his establishment, but before
the highwaymen could get anything, ap
proaching ' pedestrians frightened them
away. The matter was reported to the
secret aarvice branch of the police de
partment PERSONALMENTION. -
Mrs. Kate J. Y. Misner announces
the engagement of her daughter. Miss
Maybelle Young, to T. Oren Watson, of
Seattle, the wedding to take place No
vember 10 at Kohlotus, Wash.
Hon. J. H. Fletcher, now of St. John,
has just returned from .a three months'
trip to the Far East. He visited most
of the Eastern states and Canada and
even spent much of his tfme on Prince
Edward Island, where he was born,
and which he had not seen for 24
years. The people of that island In
sisted on his taking the lecture plat
form and during his stay there deliv
ered 19 lectures on social questions,
which were largely attended, and
which have been spoken of in th
most glowing terms by the press of
that country. After each lecture Mr.
Fletcher was besieged with questions
regarding Oregon as a field for immi
gration, which he cheerfully answered.
Eyes fitted to glasses. tl. at Metzgers.
Eat Government-Inspected meat.
LARGE INTERESTS
FEEL NO ALARM-
(Continued from Page 1.)
The properties I represent were never in
a more prosperous condition than now,
but the shortage of crsh in the banks
throughout the United States will cause, us
to be careful of our expenditures until
that" condition is relieved. We will pay
out about $150,000 on account of employes'
payrolls in this community between now
and November 10, which should go a long
way towards relieving the local situation.
The banks are as sound as ever, and it is
the duty of every citizen who has the wel
fare of the community at heart to assist
them In every way possible In meeting the
situation until actual cash can be received
by the banks from their Eastern depos
itories. Crops Bountiful, Prices High. ,
T. B. Wilcox, president Portland Flour
ing Mills Company No possible harm can
come to the Northwest from the present
situation. Every man who has money in
the bank should leave it there, and others
having funds should deposit them in the
banks to assist in relieving the situation
locally until the situation in the East can
be relieved and the funds on deposit there
by the' Portland banks, can be received
here. Fully 974 per cent of the business
of the country Is conducted by check, the
other 2H per cent requiring money, and
for that reason there is no reason why
normal business conditions should not be
continued temporarily -until the money
owned and belonging to the local banks
can be restored to them. Aside from the
Southern states, with their enormous yield
of cotton, no other section of the country
l$ capable of recovering from these dis
turbed conditions more quickly than the
Pacific Northwest, which is experiencing
the most bountiful crops in its history.
Not only are the crops heavy, but the
market price Is high. Conditions are de
cidedly different from those in 1S33, when
wheat sold for 35 cents a bushel. In addi
tion to crops that ha -e been marketed al
ready In the Northwest, there is fully $30,
000.000 worth of wheat unsold, and If some
arrangement can be made either with
London or through foreign representatives
in New York by which even $5,000,000 of
that amount can be obtained, there win
be abundant funds for removing all suspi
cion of distrust and restore the business
of this section to its normal state. With
such assistance the transaction . of all
business could be proceeded with in the
same manner as before New York ever
heard of a panic, but In the meantime
there Is absolutely no cause for alarm in
the Northwest.
Disturbance Only Temporary.
Henry Hahn, president Wadharr.s &
Company I regard the present disturb
ance only temporary. The general con
dition of the Pacific Northwest is in as
good shape as it ever was. I feel that as
soon as the stringency caused by the New
York money market has passed, that
the local situation will be restored to its
former condition. Our banks seem to be
in good shape, except for the temporary
stringency in actual money which has
saddled an unnecessary burden upon
them. I consider that the action taken
by them has been one intended merely to
conserve their cash balances until the
exchange market gets in normal condi
tion again.
Few Days Should End Trouble.
F. W. Watson, vice-president Pacific
Coast Construction Company Although
during the last few days we have been
obliged to discharge about 1500 laborers
because of the suspension of improvement
work by the Harrlman lines and for
which we held several contracts, I con
sider that the present situation is only
temporary. I have no doubt but that the
disturbed financial conditions will be
solved satisfactorily in a few days when
I expect all pending railroad improve
ments will be resumed and other pro
jected railroad construction proceeded
with throughout the Northwest. The
general progress and the" phenomenal
prosperity of the Northwest cannot be re
tarded or affected seriously by the exist
ing disturbed conditions.
Banks in Healthy Condition.
I. N. Fleischner, of Fleischner, Mayer &
Company I fail to see that the present
state of affairs should cause any alarm
among the people of the Northwest. Our
banks are all in a healthy condition and
backed up as they are by the unpreced
ented prosperity of this section their sta
bility is unassailable. Depositors should
feel no concern for their money under
these conditions and should leave their
money In the banks and aid materially in
preventing a more complicated state of
affairs. (-
Xo Possible Ground for Anxiety.
W. D. Wheelrlght, president Pacific
Export Lumber Company On my re
turn from New York this morning I
was glad to find money matters here
in, such good shape and a cheerful tone
pervading the . business community,
which seems to have realized that tho
tie-up of funds Is only temporary and
due entirely to the fact that the Eastern
banks are unable for the, moment to re
mit bank bills or coin in settlement
of their obligations to our local insti
tutions. This fact (of their inability
to pay out all their deposits on de
mand) did not cause any alarm in New
York, Chicago or Minneapolis, In all of
which cities I discussed matters with
business friends. Everybody realizes
that there is no banking institution in
existence that can respond If called
upon to pay all claims at once. The
Bank of England Is the greatest tow
er of financial strength in the world
and keeps in actual coin a larger per
centage of its liabilities than any other
bank that" I know of; the National City
Bank of New York has for many years
been noted for following the same pol
icy, and 20 years ago it was a current
saying In New York that no bank could
make any money Uiat kept such a large
proportion of ItsTleposlts In Its vaults
Instead of putting it out at interest.
And yet neither the Bank of England,
in London, nor the National City Bank,
in New York, could pay Its obligations
If all of l,ts depositors descended upon
it at once. . The general publio ought
to understand, these facts and appre
ciate, the situation, as they have every
reason to feel sure that their funds, now
In the hands of the Portland banks,
are as safe as they would be In either
of the two great Institutions that I
have mentioned, even though the Port
land banks may temporarily find them
selves in the same position that the
city banks now occupy, viz., a situa
tion where Nit is necessary to refuse
cash in exchange for checks. If there
is a single spot on the face of the
earth where conditions are healthy and
where no one need be afraid of losing
his money, it is the City of Portland
on this second day of November, 1907.
It is safe to say that the values of
property have doubled in the last few
years; the prices of all the produces
of the earth are high and crops are
unusually large; all kinds 'of commer
cial and manufacturing business have
been more profitable during the last
two or three years than ever before,
and "there Is no possible ground for
anxiety on the part of anyone as to
his financial future, unless the whole
community should unite in making de
mands on . our financial institutions
such as no bank or trust company In
the world, under any circumstances
whatever, would be able to nieet.
Money Safest in Banks. ,
F. W. Leadbetter I think the American
people as a class are noted for their
ability to adapt fciemselves to any kind
of circumstances. Even the most casual
observer knows there Is just as much
money today as yesterday. If the people
of the community would, as a unit, de
posit all their, money immediately In the
banks, where it would be safe, in two
days the stringency would be over, so far
as Portland Is concerned. In no other
city of the United States, probably, are
the banking interests In the hands of,
people who have such Immense resources
back of them as right here In Portland,
this being an old community where the
financial accumulations for a period of
50 years are naturally heavy. Anyone can
see that money is safer in Portland
banks, with Interests behind them running
well into the millions, than in safety de
posit vaults, which are in danger of being
broken open and rifled, or stored away in
stockings, or carried about, for with a
large' number of unemployed in the city,
holdups and robberies are of almost
nightly occurrence. The present strin
gency was caused by the speculation In
Wall Street, in which the Pacific North
west had no part whatever. While the
conditions there may be bad for some
time, they will be all right here in a
very short time if people will only put the
money where It will circulate and do some
good.
Due to Inevitable Law.
.Judge George H. Williams I have
been sonsulted by several people as
to whether or not I thought it advis
able for them to withdraw their money
from the banks; as the proclamation
of several holidays by the Governor
has created some apprehejislon and
some people are suspicious that some
thing is wrong of which they are ig
norant. I have advised everyone not
to withdraw money and told them I
believe our banks are solid and safe
and the best way to put an end to this
disturbance in the financial world is
to show their faith and confidence In
the banking institutions and allow
their money to remain there instead
of hoarding it up and thereby taking it
out of circulation. I am not much sur
prised at the financial condition as I
do not believe I am pessimistic, but 1
have been for some time anticipating
and predicting that something like that
which has happened would follow from
the inflated credit system of the coun
try. These seasons of undue expan
sion and Inflation in the monetary
world are followed by what seems to
me an Inevitable law by a revolution
or something in the nature of the ex
plosion of a bubble. The fact is that
extravagance and reckless speculation
and the get-rlck-qulck spirit has pos
sessed the country for some time. This
present condition has come as anyone
acquainted with the history of the
country rright have foreseen, and might
as welt come at this time as at any
other, and perhaps the country Is, In
better condition for such a change than
it ever has been or wile be in future.
I do not know how serious -this flnan- ;
cial cataclysm may be; but I am hope
ful it will pass over without any se
rious results to the country. Senator
Sprague once said in the United States
Senate in my presence: "There Is noth
ing so sensitive as $1,000,000, except
$2,000,000." All experience shows there
is nothing so sensitive and so subject
to change from apparently trifling
causes as the monetary system of the
country, and the present financial
troubles, if they continue, will not so
much grow out of lack of money as a
lack of confidence. I have no idea that
the distress of the country will equal
that of 1893 and the present time has
greater facilities for bringing business
back to a healthful state than were in
existence In 1893 and following years.
'I think and hope that if the people of
the country be patient and the men
who are managing the financial affairs
will be careful and conservative, it will
not be long before the finances of the
country will be In a healthy condition
and business will be safer and more re
liable than it has during the season
of alleged excitement In the financial
world. y
Only Retards Collections.
Donald Mackay, president North Pa
cific Lumber Company There Is nothing
alarming about the situation. During this
temporary stringency of the money mar
ket collections will be delayed somewhat,
but I am confident the situation will be
remedied soon. When the banks in the
"Northwest receive the money that is due
them ' from the Eastern banks business
conditions will become normal again.
Wheat Exporter's Views.
Walter J. Burns, resident partner of Bal
four, Guthrie & Co.. grain exporters and
importers I have every confidence in the
situation and believe it will work out all
right along the lines arranged by the
banks.
People Entitled to Truth.
William Mackenzie, financial representa
tive of Balfour, Guthrie & Co. I think it
Is an excellent Idea to Inform the people
at large as thoroughly as possible through
your paper of the conditions In the East
which have forced upon Portland the ex- .
lsting stringency In money. If these con-4
dltions are not brought within the easy
comprehension of every one who Is not al
ready In elope touch with them, the task
of bankers and others who are striving
to get back to normal methods of doing
business will be all the harder. The large
volume of business In the state at this
season dependent upon i ortlan- banks for
its proper conduct is interrupted in its
natural flow by the refusal of the larger
money centers, .under stress of their own
need of money, to perform their custom
ary share of this business. In their with
holding for -.eir own purposes remit
tances Tf coin In return for produce and
other subjects' of trade, the Portland
banks are forced to conserve their own re
sources, always' Insufficient for the volume
of trade at this season ofthe year. Every
dollar drawn from the banks now reduces
the ability of the bankers to cope with the
situation and strikes at the value of every
form of property In the state. That the
banks are sound and solvent is beyond
question. They have been sharing In the
continued prosperity of the country for a
long time, and they, too, have prospered
correspondingly with other forms of busi
ness. There Is no occasion for unrest or
doubt about the condition of the banks.
The methods adopted by them are justi
fiable and necessary. When the present
difficult situation is relieved by the res
toration of coin exchange, which should
soon be In sight. It will be seen the bank
ers of Portland are equal to their respon
sibilities. Meantime, what- is needed is
that the public shall not hamper them by
unnecessary withdrawals of money. It is
pretty clear from the manner In which
the banks have been releasing money for
a day or two that as their own ease in
creases they will not be unmindful of the
necessary requirements of their custom
era .
GRANGERS DISCUSS . FINANCE
Say Government Printing Presses
Could Soon End Stringency.
The financial situation was the topic
under discussion yesterday afternoon
by the members of Eventng Star
Grange, Patrons of Husbandry, at the
hall on Section Line road, with J.' D.
Lee in charge. A variety of opinions
was brought out. Some favored estab
lishment of postal savings banks
throughout the country. One speaker
declared that the present financial
situation was purely artificial and
brought on by the money kings and by
extravagant living. Mr. Lee said, in
opening the discussion, that the sub
ject was pertinent, and anything said
that would calm the apprehensions of
the people was oportune. '
R. C. Wright delivered a thoughtful
and deliberate talk. He reviewed
what he contended were tho causes
that had produced the present finan
cial conditions. Ho contended that the
panic was artificial and had been
manufactured for the occasion. Infla
tion of he value of securities had been
one of the causes, he said. Stocks
worth $10) had been boosted to $2)0.
Money had been drawn from the West
enticed rather by the high rate of
Interest. These causes led to shortage
of ready cash in Portland's and other
banks of the country. In face of the
great prosperity everywhere. He urged
that the situation should be met with
calmness.
A. F. Nichols spoke for a postal
savings bank system as tTie remedy.
"Uncle Sam," tie declared, "would be
back of these savings banks and there
never would bo a run. The financial
system of the country would then be in
the control of the people. Gold could
not be cornered by combinations of
capitalists, and the money savings of
the people would be absolutely safe.
Nobody would question the solvency of
Uncle Sam."
Mr. Nichols declared that he had for
many years thought that the postal
savings bank was the system for this
cjuntvy. ' and he believed that the
country Is coming to it.
J. J. Johnson contributed to the
financial problem, explaining some of
the causes which led un to the present
'situation, and the workings of the
clearing-house system.
"The clearing-house plan now In
operation In Portland and elsewhere,"
said Mr. Johnson, "is simply for the
protection of the people and the banks.
Everyone knows, or ought to know,
that no bank could stand if all its de
positors lined up and wanted their cash
at the same time. It would go down.
The depositors would lose their money
and the bank would go broke. Now
the situation is plain.
"We are not now so much con
cerned with the causes of the present
situation as we are with the remedy.
The man in jail wants to know how to
get out. He will then try to keep out
of Jail. The present situation calls for
the exercise of calmness. The banks
are perfectly safe. Depositors are sure
to get their money. If they don't lose
their heads. The banking system of
the country is an Intricate problem.
The postal savings bank is open to ob
jections. If the Government undertobk
to do the banking of the country" it
would have to employ agents and lend
your money very much the same as the
banks do now, and would not be able
to pay every cent at the same time
any more than the banks as now con
ducted. '
"Let me urge those who have money
on deposit in Portland banks to do
what they can to support these insti
tutions. They are safe if given time
to get in their cash from the East and
elsewhere. If we all rush In and de
mand our money we will lose It and
the hanks will close. That Is the
Catarrh of
The Stomach
A Most Dangerous Disease, Which
. Causes Serious Results, Unless
Properly Treated.
Catarrh of the Stomach Is very com
mon and is known as one of the most
obstinate diseases, which, when neg
lected or Improperly treated with cheap
patent medicines, tonics, drugs, pills,
and other secret quack remedies, re
sults in a broken down constitution and
often consumption and death.
Catarrh of the Stomach, like every
other disease of the stomach, except
cancer, is th6 result of poor digestion.
The digestive organs have become
weak, ther is a lack of gastric Juice,
your food is only half digested, and as
a result you become affected with loss
of appetite, pressure and .fullness after
eating, heartburn, vomiting, water
brash, tenderness at pit of stomach,
slimy tongue, bad taste in the mouth,
constipation, pain in limbs and face,
sleeplessness, nausea, belching of gas,
diarrhoea, sick headaches, dizziness,
mental depression, nervous weakness,
and many other common symptoms.
If your stomach cannot digest the
food you eat, then the stomach needs?
a rest, as that is the only way you can
get rid of your catarrh, but in the
meantime your body needs plenty of
nourishment, because you must live and
In order to live you must eat, and if
you must eat, your food must be prop
erly digested, and if your stomach is
too weak to do the work, then you must
get a substitute that will do the work.
Stuart's Dyspepsia Tablets are the
only known substitute that will digest
your food' as well as any healthy stom
ach. They contain vegetable and fruit
essences, aseptic pepsin (gov. test),
golden seal and diastase, the very ele
ments necessary to digest all foods.
Stuart's Dyspepsia Tablets are not a
secret remedy and for that very reason
thousands of physicians all over the
United States recommend them to their
patients for catarrh of the stomach,
dyspepsia of all kinds, and othef stom
ach troubles. - Experiments and tests
have proven that one grain of the
active principle contained In these tab
lets will digest 3000 grains of food.
Stuart's Dyspepsia Tablets are in the
form of pleasant tasting tablets or
lozenges and are sold In large fifty
cent boxes at all drugstores.
Send us your name and address and
we will send you a free sample pack
age. The relief you will get from this
trial package alone will convince you
of the merits of Stuart's Dyspepsia
Tabletr. Address F. A. Stuart Co., 150
Stuart Bids., Marshall, Mich.
Sbtit your eyes I
Then plunge
Tbe way some men buy clothe
TRUST TO LUCK.
If yon are going to btfy ordinary
clothes you might just as well do that.
But go to your Kaufman dealer
and let him show you a Kaufman "
"Pre-Shrunk" Garment either suit
or overcoat
Yon don't have to just "trust to
luck" or speculate ot hope tot the
best 'blindly."
Kaufman "Pre-Shrunk" Garments
BECAUSE It's a live moral cer
tainty that any Kaufman "Pre
Shrunk" Garment will give you
longest lasting value-and service.
staytng style from shape perma
nence It' all in " Pre-Shrinking" VtM
practical way of the Kaufman "Pre
Shrinking" Process, which no one but
the Kaufmans can use. because this
perfected "Pre-Shrinking" Process
is exclusively for Kaufman.
Tr.-idc-Mnrk
V MaasJCanfinan 4 Bras. J
INVEST YOUR SAVINGS
In Hlgh-Gr.ide Real Estate
ORTGAGE LOANS
Which Will Net Tou From 5 to 7 Per Cent Net and Afford Tou Abso
lute Security.
FRANK A. ROWE, Mortgage Broker
Phone A 3478. 613 Buchanan Bid.
situation in a nutshell. Let us be calm
ami all will be well, and the country
and its industries will go on as they
have in the past." ,
A. F Miller asked If money was so
short why the Government could not
start Its printing presses and turn out
all that was needed, a thousand or so
for everyone. C. H. Welch, of Mount
Tabor, answered that he had received
information from his son-in-law, who
is in the printing office at Washington,
that the Government had secured some
new and very fast printing presses and
could turn out money enough to supply
the country In a few days. He felt that
the money stringency would soon be
relieved as soon as these fast presses
were once in running order. The old
presses were too slow, and hence all
this trouble.
The editor of the Mount Scott News
declared that the National banking sys
tem was saddled on the necks of the
American people years ago by an Eng
lishman; that lie was paid $.".00,000 for
- t
v 1
THE PORTLAND
MAKERS OF
54 Third, Corner of Pine
PREPARING
BANKRUPT
1
T V, ft
1
S4O,OO0TB
Vii6 ENTIRE BLOCK ON YAMHILL FROH 2ND TO SRD.
for the greatest and most desperate SLAUGHTER
SALE that has taken place since the great panic
of 1892. Watch Tuesday and Wednesday Papers
for Full Particulars.
On Taking' a
Dive in Clothes
The" Style Secret." ot the Kaufman
"Pre-Shrinking" Process Is that it
properly takes all the shrink out of
their cloth before it is cut. which
preveats the garment bagging
anywhere doesjiway with puckering
seams and kangbaclt- collars gives
Kaufman Garments style perma
nence which no othei1 clothes of rea
sonable price caa have, because, other
clothes immediately 'show the style
damaging effects of rain, perspiration
and changeable weather
Now you can prove this for your
self EASILY Simply go to a Kauf
man Dealer and he will show you the
fullest assortment of the season's fash
ionable styles In Kaufman Garments
suits and overcoats. You will be
Impressed with the style of each gar
ment bearing tho Kaufman "Guar
antee Label.
That's oar Guarantee and your Deal
er's that yon git- the longest lasting
value and style pertna n encc if you wear
Kaufman 'Pre-Shrmnt" Garments.
Why wear bipher-priced clothes when
Kaufman "Pre Shrunk" Garments
giveou this?
Oar Prices range from $ 12 to S30.
Most people caa be suited in KaaJ
maa rVe-Sbrnnk Garments
$15 to $18-
Ask Kaufman Dealers for the new
Kaufman Fall and Winter Style Book.
Handsomely illustrated Most inter
esting to read on "Pre-SkrunM" advan
tages. Or, write Chat. Kaufman Of
Bros.. Chicago. Just write. No stamps
necessary.
the job and that It ought to be throwti
overboard.
There were about 150 present at the
meetlnsr.
JEANETTE'S RICH CARGO
Brings 'Whalebone and Valuable
Furs From Arctic.
SAN FRANCISCO. Nov. 2. -The whaling
steamer Jeanette, Captain Hoffman, ar
rived yesterday from the Arctic with a
valuable catch for the owners. In addi
tion to 11.000 pounds of whalebone, the
Jeanette brouffht a lot of valuable furs,
including ISO fox skins and seven bear
skins. Among the skins was one of the
black fox, a species that is rapidly dis
appearing. This particular skin is said to
be worth $1000. Five whales were killed
during the cruise.
When You
Travel
With Bags and
Suitcases, why not
have the latest in
style and workman
ship? ' They cost
no more when you
buy from the maker
IOOO to
Select From
Two Stores
3 A -4
TRUNK MFG. CO.
HIGH-QUALITY BAGGAGE
107 Sixth, Near Stark
ryGoods,Etc.
THE ENTIRE
STOCK OF
c;