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About The Sunday Oregonian. (Portland, Ore.) 1881-current | View Entire Issue (Dec. 8, 1907)
6 THE SUNDAY OREGOXIAX, PORTLAND, DECE3IBER 8, 1907. PANAMA BRING PREMIUM Many National Banks Buy at Average of Over 1 03 for Circulation. HIGHEST PRICE 106.875 Cortelyou Make? Pnbllc Allotments to Ranks Only Several Banks i : Each Buy Several Millions ' at Varying Prices. NORTHWEST BOND PVRCHASES. OREUOXIAN NEWS BUREAU. Washington. Dec. 7. In alloting' Panama bonds, the Secretary of the Treasury maile the following distri bution In the Northwest on the terms stated: Oregon. Benton County National Bank 0$ Corvallis. 25,000 at 104. First National of Medford, $.3000 at 102 It Washington. Traders National of Spokane, 1 100. 000 at 103. First National of Sunnyslde. $23,- 000 at 102 V4- Bellingham National, $50,000 at 103. First National of Hoquiam. $.17,- 000 at 104',. Idnlio. First National of Moscow. $3(1.000 at 103. Alaska. First National Fairbanks. $36,000 at 102 WASHINGTON, Dec. 7. Secretary Cor telyou today announced the allotments of Panama bonds sold to various National banks of the United States. The list of purchasers made public did not 'include Individual buyers of the bonds, but merely the National banks which acquired the bonds for the purpose, presumably, of in creasing their circulation. The average price paid for the bonds ; tvrs a pniall fractions over 103. The high- est price paid for any considerable amount was 10U.S75 for $60,000 of bonds by the Farmers' & Merchants National Bank of Olney. Va. The lowest price real ized by the Government wan 102.12.i, and a considerable amount of the issue was allotted at that price. The allotments were made in sums of $10,000 and upward, hundreds of banks taking the bonds at their bids in minis up to several million dollars. Among the banks to which were allotted bonds in the sum of $100,000 or upward are: National Bank of Commerce. ;St. I-ouie, HOOO.OOO at 11.5.90, $2.'.0.Nlo nt 103.88, $100,000 1O4.0'.". $23i.Mt at 1102.73. $2."0.CK) at 1o2.48. $2,500,000 at 10.1.01 and $250,000 at 102.25. Third National Bank, St. Louis. $200,000 at ' 101.2(11. $150,000 at 103.247, $150,000 at 103.759. ' I.nwrey National Bank. Atlanta, Ga.. $300, 000 at 104.01. . Garfield. National Bank. New Tork. $100,000 at 104. $10(1.(100 at 103flOO.OOO at 103.5. First National Bank. Lewlston, " Mont.. ,100.000 at 104.25. , Merchants National Bank. Philadelphia, '$100,000 at 103.56. S100.0CO at 103.725. $100,000 lo.'l.2.. $100,000 at Jo.;. 40. $100,000 at 13.50, $100,000 at 103.37.1. $100,000 at 103.125, $100,000 at litt. $loo.ooo t lo2. $100,000 at 1"?.S75. $100 000 at 102.B23. $100.(100 at 102.50. $1"O.0(K at "108.40. Corn Kxchange National Rank, Philadel phia, $200,000 at 103.50. $200,000 at 103. National Rank of Commerce, Norfolk, Va., ,$200,000 at 10B.23." -. - National Copper Bank. New York. $200,000 t 10.1.25. $2.(KI0 at 103. $2oO.OOO at l2.75. $20f-.0OO at 102.50, $230.uoo at 102.25, $200,000 at 102.23. Union Stockyards National Bank. South . Nutlonnl City Rank, of New York. $.100,000 at 10.1. $.100,000 at 102.S75. $00.O0O at 102.85. $300,000 at 102.50. $30i.0(.0 at 102.375, $300,000 at 102.23, $300,000 at 102.125. Traders National .Bank. Spokane. $100,000 "at 10.1. KIret National Bank, Cleveland, Ohio, Jf20O.tn.i0 at 103. . f-rtiiio. fiima .national DunK, nuia nu, v.ai., $112,600 at 103. First National Bank, Omaha. Neb., $100,000 at 10.1. Franklin National Bank. Philadelphia. $150.- - 102 25. New York State National Bank, Albany, N. . "V-. $250,000 at 102.H5. " National Bank of Commerce, Detroit, Mich., $loo.CK) at 1O2.50. . - -National Bank of I'01-hester, N. Y., $300,000 at 102.25 A -. American Kxcnango National J5ank, now York. $100,000 at 102.137, $100,000 at 1U2.14, $100,000 at 102.127. -' Mechanics National Bank, New York, ' ti ooo imn at io t:t Second National Bank, Boston, $4uo,000 at 102.125. Flrpt National Bank. Kansas City, Mo., $1X2.150 at 102.125. LAKGK IXCKtiASE IX BESEUVE -ew York Banks Gradually Catch ing 111(11 JlCllUll C1I1CII 1. NEW" YORK, Doc. 7. The statement of the clearing--hou.se banks for the I , ti 1IIUL 111' UrtllKO 1 1 1 ' I I T . -J.,'U less man uie rrquiremeiii, ui the 25 per cent rule. This Is an improvement of $6,759,075 in iiiv iuuiicm iiuntiii! I'en iron v . compared with last week. The state ment follows: Loans, .l.lSt,39j.6O0; decrease, $11, " SS2.90O. - Deposits, $1,074,851,400; decrease, $8, 431.900. - Circulation, $"15,655,100; increase,' $528,300. Igal lenders, $43.613,8.10;. increase, $1,337,100. Specie, $173,888,700; increase, $3,33,4,- joo. Reserve, $222,502,500; Increase, $4, 671,100. ". t Reserve required. $268,712,850; de crease, $2,1 07.!7f. v Deficit, $46,21 0.3.S0; decrease, $6,759, 076. Kx. It. S. deposits, $27,412,800; de crease. $7,647.2J0. ' The Financier will say tomorrow. "The associated banks of the dtv- nf - New York Issued an exceptionally favor able statement under date of December 7, the increase In the reserve requirement toward the 25 per cent minimum having been $6,779,075, which brought the de ficiency down to $46,210,350, as against $-"JI,666.9fiO reported on November 16 last. The gain of more than $7,000,000 represents the recuperative powers of the banks in the face of conditions which are not '' likely to occur in a long- period. The banks gained In cash for the ween 14.671.100. or a little less than had been anticipated. The known movements in "IIib last six days indicated a loss of about $12,000,000 to tho Interior, which was more -than counteracted by the gain of $17,000,- 000 of new gold imported and from other sources. One feature of the statement which at tracted attention was the decrease of $11,682,900 in loans and. while it may be true that operations of the previous week were carried over into the current state ment, it Is not to be Inferred that the power of the borrowers is in evidence here and that the reduction represents real-cancellation of maturing obligations, even In the face of rising stock specula tion. In brief, the exhibit confirms the belief that normal conditiens have been re sumed. The reduction in deposits was $s',431,920. and this lessened reserve re quirements by two million dollars and over. The deposits of the Government in New York banks rose last week $3,474, 500 to a total of $75,190,200 as an incident to bond payments, etc., and if this total is deducted from the net deposit Item and the reserve figures on the basis of commercial deposits, as Is legal, it can be shown that the associated banks are very little below the 25 per cent require ment. To put the matter In another way, the banks are carrying a reserve against deposits other than those of the Gov ernment of Between 22 and 23 per cent. The collection of tha National banks in this city rose last week $3,538,300, bring ing the total to $65,658,100. a gain of $14, 000,000 since the middle of October. "With, the continued ease In tho situation. It is almost certain that the present reserve deficiency will be decreased largel week by week. In this connection. It Is Inter esting to note that the associated banks were below their reserve requirement at this time last year and two years ago. WOODS AVILIi REOPEX BANK Kansas City Institution Can Soon Pay 50 Per Cent. KANSAS CITY, Dec. 7. Dr. Vi S. Woods, president of the National Bank of Commerce, which closed its doors Wednesday owing Its depositors close to tl7.000.000. asserts that the bank may re sume business within a short time. Dr. Woods early today, after meeting the di rectors of the bank, in a session which lasted late into the night, said: "We can raise the Federal requirements without trouble. We will be able to show that our capital Is unimpaired and that we can easily meet all obligations. We closed with practically 30 cents ort the dol lar cash and exchange on hand. 5 cents more on the dollar than the National banking law requires. We are paying out nothing now and the receiver will collect very fast. It Is reasonable to conclude that It won't be a great -while before he has collected 20 per cent, giving us 50 cents on the dollar. "That would be a good cash reserve, plenty strong enough to open with." Dr. Woods Insists that the $1,639,734.57 surplus and undivided profits of the bank will pay several times over what bad paper the Institution may have. PLAN JOINT INSTALLATION Woodmen and Women of Woodcraft Will Hold Exercises. Plans are being perfected for the joint Installation of officers of Multnomah Camp. No. 17 Woodmen of the World, and Mount Hood Circle. Women of Wood craft, to be held during the first week In January. A committee composed of Mrs. M. McGregor. J. M. Woodworth, B. W. Minar, A. Sj. Keenan, V. S. Graham and .William Minar will meet Tuesday night to complete the arrangements. As Multnomah Camp is the largest camp In the state and Mount Hood Circle the largest circle in -the state, it is ex pected that the Installation ceremonies will be unusually impressive. Tho officers of the camp to be Installed are: Past Consul, Kdward I Minar; consul commander. G. C. Lawrence; adviser lieu tenant, J. H. McBrlde: banker, W. W. Mi nar: clerk, J. M. Woodworth; escort, F. M. Chose: watchman, 'D. V. Heacock: sen try, Kdward J. Trott: musician, J. P. Bamford: .assistant clerk', A. L. Keenan; managers, J. L. Wells. M. D. George, Charles !. Parrlsh. The officers of the circle to be installed are: Past guardian. Minnie McGregor; guardian neighbor. Nellie J. I.otritz: ad viser, Mary E. Wheeler; magician. Ettie McCullock; banker, E. S. Routledge; clerk, Lou Ellen Cornell; attendant, J. M. Frazer: Inner sentinel. A.' Gehman; outer sentinel, T. Brodeur; musician. - Mrs. Crum; managers, G. Brobst, Mary V. Ftir guson. J. M. Woodworth; captain of guards. Rose Morgan. ITALIAN IS BADLY BEATEN Angelo Santozicoe Says Two of His Countrymen Assaulted Him. Complaining that he had been set upon, beaten and shot at by two of his countrymen." Angelo Santozicoe, an Italian, called at the police station last night to procure warrants for the arrest of Leuie Sousa and P. Lorato. Santozicoe appeared at the station a pitiful spectacle, his face was swathed in bandages and bis upper Hp so badly cut that he could hardly talk. According to the man's story, he and hi two assailants were living in a house at 658 fcMxth street, and last night they quarreled over, a card game. He alleged that he was knocked down, kicked and beaten by the two men, and while fighting to defend iTimself. one of the men struck him with a stick of stove wood, ivhile the othr a moment later drew out a revolver and fired three shots, none of which hit him. After this, Sousa, he says, picked up a flat iron and hurled it at him, but the missile missed its mark and struck Lucy Mazzocco, a little girl living in the house. No action was taken last night, as it was too late to procure a warrant for the arrest of the assailants. Tomorrow and Tuesday will be the last days for discount on West Side gas bills. Portland Gas Company. Metzger saves you money on watches. Wife Elopes With Family Peddler Mrs. Eva Simms Tires of Husband Who Wouldn't Take Her to the Theater, ' and Leaves With Basil Vaughn Arrested at Salem. mj RS. EVA SIMMS, residing in South 11 Portland, eloped with the family ' vegetable peddler because her hus band would not take her to the theater once a week. The peddler. Basil Vaughn, who was very, fond of vaudeville, took Mrs. Simms clandestinely to one of the shows every week for a month, thereby won her affections from the husband, and the elopement followed. By aid of the law, however, Simms won in the game of hearts yesterday when his wife threw her arms about his neck and declared that It was he alone that she loved. Only through a passing whim had she eloped with the peddler. Her display of affection for her husband was given a most romantic touch from the fact that she was under arrest in com pany with Vaughn on a warrant secured by the aforesaid husband. Needless to say he melted when her arms were cast about his neck and In view of her affec tionate and tearful repentance forgave her. The peddlcK of course does not fare so welL Simms' forgiveness of Mrs. Simms did not cover her theatergoing admirer. He Insisted that the peddler be prose cuted for inducing a married woman to BILLS TO GO BEFORE ELECTORS Four Measures Initiated by the People's Power League Await Signatures. PETITIONS OUT THIS WEEK In Addition, the Woman Suffrage Amendment and Port of Colum bia Bill Will Be Voted. On. Referendum on Four Acts. Oregon voters will legislate on a num ber of subjects next June, under the initiative and the referendum, which en ables them to make la"ws the same as do their representatives in the Legisla ture. Petitions for Initiating four bills will be circulated in Multnomah-County this week, by the People's Power League, for signature of electors, and then will be circulated in .Jackson, Josephine, Douglas. Linn, Lane, Benton. Clackamas, Marion, Union, Umatilla, Washington, Yamhill, Columbia and Clatsop Counties. The petitions need 7500 signatures, but 8500 will be obtained. The bills will be voted on in the state election next June, and will become laws in each case, if approved by a majority of the votes cast thereon. At the same time electors will vote on four acts of the last session of the Legislature, on which acts, the referendum - was called. They are: Sheriff of Multnomah County to have custody of county prisoners at Kelly's Butte. Annual appropriation of $125,000 'for State University. Appropriation of $100,000 for armories for National Guard. Compulsory railroad, passes for state and county officials. The four bills offered for the initiative by the People's Power-League are as follows : People to have power to discharge in competent or unworthy officials, after an election, called by 25 per cent of voters, at any time during their term of .office; known as recall amendment to constitu tion. . . Political parties and organizations to be represented in Legislative bodies in proportion to their voting strength in elections; proportional representation. Limiting campaign expenses of candi dates for office, publishing statements of candidates for state nominations and of state central committees by the state, and punishing corrupt practices . In pri maries and election. (Statutory act.) Instructing candidates for Legislature to subscribe statement No. 1, as to elec tion of United States Senator, and to vote for - candidates receiving highest popular vote. (Statutory act.) W 111 Be Circulated Together. These bills, for two constitutional amendments and two statutory enact ments will be circulated all together, and electors can sign the initiative petitions for any one or all of them'. The most important is that for proportional repre sentation. W. S. U'Ren, secretary of the People's Power League, and head of the movement, said yesterday that propor tional representation is even more potent In eliminating boss and machine rule than the initiative and referendum and direct primary. He remarked that had one choice been given him between Ini tiative and referendum, direct primary and proportional representation, he would have selected proportional repre sentation. But beflause the initiative and referendum and direct primary could be easily adopted by the people and ap proval of the other was doubtful, he said he followed the lines of least resistance, and advocated initiative- and referendum and direct primary first. Enactment of the new reforms as now proposed, said Mr. U'Ren, would com plete the work of transferring to the peqple control of the government. Even under the initiative and referendum and the direct primary, there is some chance of boss rule, he remarked, because they do not make complete the power of the people in government, without the new measures now offered. The petitions must be filed with the Secretary of State the last of January. The number of signatures required Is 8 per cent of the 90,000 votes cast for Supreme Judge in June, 1906. The cost of circulating' the petitions will amount to some $1400, and the complete work of the league will cost $3000, This money has been raised by subscription. The officers and executive committee of tha league are as follows: President, Ben Selling; vice-president, George M. Orton; treasurer, B. Lee Paget; secretary, W. 9. U'Ren: Henry Hahn, I. N. Flelschner, Frank Willinms, John C. Young, Jona than Bourne. Jr.. W. C. Bristol, Harry Lane, C. S. Jackson, E. C. Bronaugh, D. Solis Cohen, George W. .Riddle. C. H. Gram, C. G. Huntley, C. E. S. Wood, Thomas G. Greene. Other Questions for Voters. Electors will also vote on a woman suf frage amendment to the constitution and a bill to create the Port of Columbia., for Multnomah, Columbia and Clatsop Counties, following the model of a Legis lative act declared unconstitutional by the Supreme Court. Petitions for initi ating these two bills will not be circu lated by the People's Power League. The petition for the ballot for women has elope and that action will be- taken. When the case was called in the Muni cipal Court yesterday forenoon. Judge Cameron held Vaughn to the grand Jury under a bond which he was not able to furnish. So while Mrs. Simms is looking back on her elopement as an unfortunate incident the peddler is engaged in the mental and physical agony attendant upon confinement to a cell in the County Jail. The elopement came off Friday. The couple left the city on a night train a$id went to Salem. Simms returned home to find the place in a state of great dis order. Not only were things tumbled about the floors but everything of any value was missing. It looked like the work of burglars, but the failure of Mrs. Simms to appear for supper aroused the husband's suspicions. He had been vaguely aware that his wife was some what fond of the peddler. The matter was reported to the police and through inside information, the offi cers learned the . whereabouts of Mrs. Simms and Vaughn. They were promptly brought back for trial on a statutory charge. It Is doubtful if the woman wiil be prosecuted as Simms appeared to relent when she embraced him and beg ged forgiveness been circulated by; the Equal Suffrage Association. The bill for the Port of Columbia will be initiated by Portland Interests. The Legis lative act was declared invalid because the Legislature has no power to create a municipal association and the port dis trict was such a corporation. Creation of such a corporation can be accomplished only under the initiative, by vote of the people in the affected district. The act will give control of pilotage and towage at the mouth of the Columbia River to a commission, representing three counties and will transfer control of bar pilotage from Astoria to Portland. Proportional Representation Plan. The plan of proportional represen tation will cut down the majority of the Republicans- In the. Legislature, give more seats to the Democrats and give several seats to the Socialists ana the Prohibitionists. At the last ses sion the Democrats had only one mem ber in the House out of 60, and in the Senate, six out of 30. Republicans hat? 59 members in the House and 24 in the Senate. .. , The 50,000 votes cast by Republicans in the state election would have en titled Republicans, under proportional representation, to about 33 members in the House and 17 in the Senate. Demo crats Would have- had for their 30,000 votes 20 members in the House and ten in the Senate. Socialists would have had for their 6800 votes in the state four seats. In the House and two. In the Senate. Prohibitionists would have-had for their 4600 votes, three members in the House and one in the Senate. - This is a simple Illustration of the new plan and the results would be approximately as indicated in the foregoing. The party vote In the last state elec tion is indicated, perhaps, best by the vote for Supreme Judge, which was as follows: Republican, 61,576; Democratic, 30.238; Socialists, 6804; Prohibition, 4684; total, 93,299. The unit of repre sentation in the House would, therefore, be one - Representative for every 1590 votes (60 in all) and in the Senate, one seat for every 3000 votes. The proposea amendment to the Constitution allows the change from the present system whenever it shall be ordained by law, therefore, It does not of itself institute the new method. Argument for Scheme. In an "introductory statement" is sued recently by the league, explaining the proposed acts, proportional repre sentation is discussed as follows: If It le approved. It Is Intended and ex pected that lawa will be made under this amendment which will result In electing to our Legislature the leaders of thought, edu cation, aclence, agriculture, labor and busi ness In our state.- It la expected that such election laws will be so fully and fairly pro portional In practice that every one-sixtieth of the voters of Oregon, no matter how wide ly they are scattered over the state, will be able to elect one representative in the Legis lative Assembly and no more. It will apply In like manner in filling other offices to which two or more persons are to be elected from the same district at tha same time. This should result not only In every political party being fairly represented n the Legislature In proportion to the number of its voters, but also it should enable the Grange, the Cham bers of Commerce, merchants" associations, organized labor and every Important bualness or professional organization to choose and elect to the Legislature one or more of Its leading men. Every vdter may vote for one .person for each office and no more, on the theory that every voter will know one candidate for each office well enough to vote Intelligently. But It ie beyond all reason to- expect any voter to have such knowledge and acquaintance that he can vote Intelligently for 13 Representa tives, as he is expected to do now In Mult nomah County. It la. expected also that laws will be made requiring an actual majority for the nomination and election of candidates for Governor and other single officers-, tinder the laws which may be passed if this amend ment is adopted, one vote will never count for more than Its proportionate value and in fluence. rThe so-.called "balance of power" held by a small yroup of oter will ; be a thing of the past, and with Its passing wilt go most .of the Inducement for- the corrupt use of money In elections in - Oregon. An actual majority of all "the voters In the state will be necessary to elect a majority of the members of the Legislature. There will be no excuse for fusion or compromise of prin ciples at elections. Neither will there be any danger that the small corrupt and purchasa ble element among the voters can combine and elect their candidates. If 14.000 Republicans had voted the Demo cratic ticket In Oregon In 1908 they would have completely overthrown the Republican party; but under the proposed plan, while a change of that number of Republican votes would change many elngle offices, it could at the utmost only elect eight Democratic Representatives instead of eight Republicans. If this amend ment Is adopted the voting and counting of ballots will be much easier and quicker than under the present plan, because the elector votes only for one person for each office. Proposed Recall Amendment. This same pamphlet, in speaking of the proposed recall amendment to the constitutions, says that Los Angeles used this power in its charter "to discharge the leader of a gang of bood ling aldermen. It has been adopted by many of the cities of Southern Cali fornia, and by Seattle. .Wash." The amendment would enable the people of Oregon to demand that an erring pub lic official go before the people in a special election at any time during his term, when the election should be pe titioned for by 25 per cent of the votes within his electoral area. His election expenses would be paid ,for out 'of the public funds. He would encounter other candidates as in any election. If the official resign, on presentation of the petition, the vacancy would be filled as already provided by law? Mr. U'Ren lays much stress on the importance of the bill to prevent cor rupt practices and limit campaign ex penses of candidates in primaries and elections. This bill was presented at the last legislative session by Repre sentative luntley. of Clackamas, but was cast aside. An important addition has been made to the bill, providing that candidates for state primary nomination may . issue statements to voters., printed by the state, for which they are to pay the state $40 for the first page and $100 for additional pages, up to four pages. Each state central committee may is sue a printed pamphlet, prior to the general election, not exceeding 24 pages for which it Is to pay the state $50 a page. Cost of Elections Increased. It is estimated that the cost of elec tions will be increased about $35,000 by this plan, of which about $10,000 will be paid by the candidates and the cen tral committees, the rest by the state. The cost of state and county elections at present is about $100,001. every, two years, or about $1 for each ballot cast. The new plan would increase the cost about 25 cents a vote. It is defended by the argument that the information which the voters would receive is worth the added cost. The bill also provides for marking the ballot of all challenged voters, and that In case of successful contest, and proof of fraud, the votes may be cast out of the count. At the present time there is no way of casting out fraudu lent ballots, because they cannot be Identified In the ballot box and there Is no telling how the fraudulent voter marked his ballot. Contests of election can now benefit an injured candidate only to the extent of securing a cor rect count of all the ballots, the fraudulent ones included, and in gain ing evidence for prosecution of per petrators of fraud. Pendleton,. Or. After several months Idle newt the ppndleton woolen mill will probably open at an early date. C. A. fthepard. super intendent of the mills before they closed Is the prospective lessee. Negotiations for a lease will probably . be consummated In a coupla of days. Extra Announcement JEWELRY DIAMONDS Xmas Sfiopper WATCHES . and a complete l:ne - of the GENUINE our stock, and therefore we have cut our goods very close to make them move especially the . . , i i T"iC n . A T ' . . ,S -, 1 DUlKy gOOas, SUCH : uiouiouu .iviugs, to ipiou; Diamond Ear Screws, $14.00 to $750 ; Diamond Brooches. $75 to $500; Fancy Ormolu Clocks; finest "White Cut Glass, Sterling and Plated Toilet Ware; Ebony Toilet Ware; Gold, Silver and Pearl TJmbrelas; Pearl Opera Glasses, Hand-Painted China; Sterling and Plated Hollow Ware. 1 ABENDROTH BROS. Diamonds, Watches and Jewelry 334 WASHINGTON ST. NO REDUCED RATES Convention Delegates Must Pay Full Fare. PAYING BACK POLITICIANS Railroads Take Them at Their W ord and Will Insist on Getting Even lor Reductions Will Cost $1,000,000 Extra. CHICAGO. Dec. 7. (Special.) Unless the railroads experience a sudden change of heart, no special reduced rates will be granted next year for the two National political conventions. At various 4n iformal conferences Tield recently be tween the Eastern and Western pas senger officials In Chicago it was de cided that both the Republican and Democratic party leaders and delegates would have to pay full fare, which in many states is more than 2 cents. Means $1,000,000 Extra. In former years the railroads have granted a rate of one and one-half fare for the round trip, and sometimes the rate has been even lower. Next year the delegates and convention visitors to Chi cago and to the Democratic convention, wherever it be held, will ' have to pay the full tariff -rates, which are not less than 2 cents per mile in any state. The additional half cent or more per mile will cost the public more than $1,000,000 added railroad fare, provided the attend ance Is anything like what it has been at past conventions. The' reason for this Is to be found in the 2-cent legislation which has swept over the United States. The railroads are, therefore, going to give the Gov ernors of the states, politicians. Sena tors, Representatives and other office holders an opportunity to see how the 2-cent rate works when ' it is brought home to them-. Take Politicians at Word. The situation was explained by one of the influential passenger men as follows: , "During all the 2-cent legislation and agitation the Governors of the various states and the politicians and officeholders assured the railroads that, if everyone paid 2 cents a mile, we would make money. They said our revenues for the past had been cut in two by reason of our continually granting a much lower rate for con ventions and special gatherings. Make everyone pay 2 cents, they insisted, and you will be better off than under present rates. Even President Roose velt was quoted in an interview as saying thnt, if the railroads got 2 cents a mile from every passenger, they would make more money than they do now." The men who were instrumental in getting the convention in Chicago will, it is understood, ask the railroads to grant a lower fare for the big meet ing. This end of the arrangement is considered more important now than ever. Hope was expressed that some arrangement could be made with the roads for a reduction in the prevailing fares. Conference of the Magnates. NEW YORK. Dec. 7. Tha Journal of Commerce this morning says: J. P. Mor gan, William K. Vanderbilt, George W. Perkins and a number of other well known financiers, held a conference on Thursday night at Idle Hour. Mr. Vander bilt's country place at Oakdale, L. I. It was stated by a member of the party that nothing occurred . more important than a "hand of bridge whist." There were no ladles present. Among the various explanations was that the conference was in -reference to the New York Central affairs and the placing of a new equipment loan. It was suggested that the conference might have some connection with the Hlll-Harriman affairs. A few years ago Mr. Morgan and a number of prominent financiers went to Philadelphia to inspect Mr. Widener's "art gallery," according to. the official explanation. A few months later It de veloped that the formation of the Inter national Mercantile Marine Company the Morgan steamship combination was the real business of the visit. PERSONAUWENTION. D. G. Overholt, pioneer merchant of Canyon Cit,y, arrived In Portland yes terday morning and is ill at St. Vin cent's Hospital. Word has been received at the Ca thedral residence to the effect that Archbishop Christie, who recently un derwent an operation at the Mercy Hospital in Chicago, Is rapidly recov ering. He is expected to return to Portland about January 1. Mrs. Elijah Davidson, a pioneer wo man who crossed the plains to Oregon in 1850 from the vicinity of Monmouth, Warren County, Illinois, came to Port land from the Williams Creek, settle ment, Josephine County, a few days ago and Is the. guest of her son, I. G.. Davidson. A portion of North Mount To th( TVc are not "GIVING AWAY DIAMONDS," but on account of the uncertainty of renewal of lease on our store, because of the contemplated erection of a seven st.nrv structure, we must reduce Tabor, and a large part of the Ladd es tate holdings north of the Base Line road, once belonged to Mrs. Davidson's husband, having been taken by him in the Fall and Winter of 1850 as a do nation land claim. Ex-Senator John L. Wilson, of Seattle, is at the Portland Hotel awaiting the ar rival of his daughter from California. He denied wanting to be the next Gov ernor himself. He declared that there is no idea of postponing the Alaska-Yukon-Paciflc Exposition till 1911, as has been reported. SAN FRANCISCO, Dec. 7. (Special.) Mr. and Mrs. John J. O'Brien announce the engagement of their daughter. Miss Maizie, to Brandt 11. Wlckersham, of Portland. The wedding will take place in January. CHICAGO, Dec. 7.-(SpeciaI.)-Oregon people registered at New York hotels to day as follows: iom Portland Mr. and Mrs. G. X. Cotton; D. B. Smith, at the Auditorium Annex; R. M. Miller, at the Windsor Clifton. DAILY METEOROLOGICAL REPORT. PORTLAND. Dec. 7. Maximum tempera ture, 02 degrees; minimum. 4t!. River reading- at 8 A. M-. 4.0 feet; change in last 24 hours, rise 0.2 foot. Total ralnfull. 5 P. M. to 5 P. M-, .79 Inch; total since September 1, 10.30 Inches; normal. 1.1. tit! inches; de ficiency. 3.27 Inches. Total sunshine Decem ber (, 18 minutes; possible, 8 hours 4S min utes. Barometer (reduced to sea level), at 5 P. M.. SO Inches. PACIFIC COAST WEATHER. K 3 B-j Wind. tS . S 6TATI0XS. B g 3 , o o - ; 2 2 3 5 a : Baker City Bismarck ; Boise . Helena . . Kamloops .; North Head. . Pocatello Portland Red Bluff Roseburg-. ...... fiacramento. Salt Lake Pan Francisco.. Spokane. ........ Seattle Tatoosh Island. Walla Walla... 4 T. 41 30 0. OO! 4S'. 16 4 SOI T. I S 381 T. l0i 4S0.00 IS 440.0 12 82().27i 4 02 o. Ol 12, 52O.20! 4 02 O.OO'IO' 4ti 0.12i 4 GO1 T I SI 42 0.04 IO 400.041 4 44'OsOOl 6 46,0.201 4 NB (c'loudy SW IClear B 'Kalny SW H'loudv w K'loudy NW'Pt cloudy sw Icioudy NW ("lear SE (Oloudy NE k'lomly S ('lear NE ICIoudy W tcloudy !W Oloudy ,W (Cloudy NWjclear is lcioudy T Trace. WEATHER CONDITIONS. The disturbance central this morninc over British Columbia has moved eastward and this evening overlies Northern Montana. It retains Its pronounced character, (rmeral rains having- fallen over the territory- extending- from the Pacific Ocean eastward to tha Rocky Mountains during the last 12 hours. The pressure has risen decidedly over the Pacific slope and a high area has made its appearance over Central California. No marked changes In temperature occurred since last evening. The indications point to occasional rain in this district Sunday, followed by clearing and cooler weather east of the Cascade Mountains. FORECASTS. Portland and vicinity Occasional rains; southwesterly winds. Western Oregon and Western Washington Occasional rains; southwesterly winds. Eastern Oregon. Eastern Washington and Idaho RtHn, $,IIowed by clearing- and cooler. L. LODHOI.Z. Acting- District Forecnster. MLETl.NO NOTICES. A. A. O. N. OF THE M. 8. Members of A1-Kariar Temple: Remember next Saturday evening. December 14. will bo the annual meeting of Al-Kader Temple to elect offi cers to serve you the ensuing vear. and four representatives to the Imperial Council meeting in St. Paul. July 12 to IS inclusive. Tnts is the last meeting beneath the pa terr.al roof as Shrlners forever. May "Auld l.ang Syne" be sung as never before as we leave behind recollections never to be for gotten. Let the attendance be large at this goodbye meeting, while we leave behind the bplder and Web as souvenirs ot good luck to ,those coming after us. By order Ills. Potentate. p. Vv TAYLOR. HALL OF PORT INDUS. LODGE, NO. 7 T members and friends of Port Indus. Lodge. No. 67. D. of H.. A. O IT. W.. will give a nve hundred partv on De cember 11, at their hall. No. 2, Woodmon of World building. 11th St., near Alder. Come and bring your friends. Admission 15 cents.- Refreshments and dancing. Bv order of committee. Attest: J. R. MANN. Recorder. MACCABBES-Uniform rank will give a so cial dance In K. of P. hall, 11th and Alder streets, Thursday evening. December 12. Union music. Friends are invited. E. M. LANCE1, Capt. PORTUND CntCLB, NO. S5. WOMEN OF WOODCRAFT Gives a whtKt and dance Tuesday evening. December 10, In Woodman Temple. 11th and Alder. Refreshments. Fox's orchestra. All Women of Woodcraft are Invited to attend a whist party given by Oregon Cir cle at Woodmen Hall. Wednesday. Decem ber 11. Russell Btreet near Rodney. ETJXERAl. NOTICES. POZZI December 6, at the family residence. 120S Greety street. Francis August Joseph PoazI, Infant son of Mr. and Mrs. Frank C. Pozzl. Funeral from the above residence at 1 P. M. today (Sunday). Interment Rlvervlew Cemetery. BARLOW At the family residence. 1115 East 24th street north, December 6, 1007. Milton B. Barlow, Jr.. aged 22 years, 7 months and 18 days. Funeral will take place todav, December 8. at 1:30 P. M-. from the resi dence. Friends Invited. Interment In Rose City Cemetery. J. P. FIJfLEY SON, Funeral Directors, Third and Madison, phone Main 0. A 15U9. Dunning, MrKntee ft Gllbaugn, Fnneral Dl rwctora. 7th 4 I'tna. Phono .11. 430. Lass- Mat, ERICSOJf l-NDERTAKINQ CO.. 409 AJdat at. ImOj assistant. Phono Main 61$$. EDWARD HOLMAN CO.. funeral Direct ors. 110 $d at. Lady assistant., Phono M. &7. lEtLEIt-BTR.VES CO, Fnneral Dlroet or. iTi Bnaoell. Last logg. Lady assistant, pCJCVING, Undertaker. 414 Eas Alder. Laa assistant. Phono East Grand Centra! Station Time Card SOUTHERN PACIFIC. Iavtnc Portland Roseburg Passenger t'ottaice Grove passenger . . ; . California Express San Ftranctsco Express West Side Corvallis passenger Bheridan Passenger Forest Grove Passenger...... Forest Grove F;tsne?ij?er Arrlvfnjr Portland Oregon Express Cottage Grove Pasnenger. . . . RoseburR Passenger Portland Kxuresa West Side Vorvallls Passenger Sheridan Passenger Forest Grove Passenger Forest Grove passenger 8:15 a. m. A :13 p. m. 7:43 p. m. 11 :30 p. m. 7 :H a. m 4:10 p. ;n. 1 1 :00 a. m. 5:40 p. m. 7:2. a. m. 11 :.i0a. m. 5 :.lo p. m. 11:00 p. m. 6:35 p. m. 10::t0 a. m. 8:00 a. m. 2:50 p. m. NORTHERN PACIFIC. Leaving- Portland Taco:na and Seattle Kxpress,.... North Coast & Chicago Limited.. Puget Found Limited. Overland Express 8:30 a. m. 2:00 p. m. 4:30 p. m. 1 1 :45 p. m. Arriving Portland- North Coast Limited. . Portland Express .... Overland Express Puget Sound Limited.. 7:00 a 4:15 p. 8 : 1 5 p. 10:55 p. m. CO. OREGON RAILROAD NAVIGATION Leaving Portland Pendleton Passenger 7:15 a.m. Chicago-Portland Special 8:30 a m Spokane Flyer 7:00 p.m. Kansas City & Chicago Express.. 7:40 p.m. A r r 1 v In g Port la nd Spokane Flyer 8:00 a. m. Chi.. Kan. City & Portland Ex.. 9:45a.m. Chicago-Portland Special 8:.0p. m. Pendleton Passenger 5:15 p. ra. ASTORIA ft COLUMBIA RIVER. Leaving Portland " ' Astoria & Seaside Express 8:00 a, m. Astoria & Seaside Express 0:00 p. m. Arriving Portland Astoria fc Portland Passenger. . 12:15 p. m. Portland Express '. 10:00 p.m. CANADIAN PACIFIC RAILWAY CO, leaving Portland ' C. P. R. Short Line, via Spokane. . 7:00 p. m. Via Seattle, Victoria & Vancouver 4:.'t0 p. m. Via Sumas 11:45 p. m. Arriving Portland C. P. R. Short Line, via Spokane. . 8:00 a. m. Via Vancouver, Victoria & Seattle 4:15 p.m. Via Sumaa and Seattle 10:55 p.m. Jefferson-Street Station a SOUTHERN PACIFIC. ' Leaving Portland Dallas P?senger 7:40 a. m. Dallas Passenger 4:13 p.m. Arriving Portland Dallas Passenger 10:15a.m. Dallas Passenger 5:30 p.m. CLASSIFIED AD. RATES (FOB CASH ADVERTISING.) Following rates will bo given only whea advertising; la ordered to run consecutive days. Dally and Sunday Issues. Tho Ore (Onian charges first-time rate each Insertion (or classified advertising that Is not run oa consecutive days. The Orat-tlma rate la charged for each Insertion la Tho Weekly Oregonlaa. "Rooms," "Rooms and Board." "House keeping Rooms." "Situations Wanted." IS words or leu, 15 cents; 16 to 0 words, 2 cents; 21 to 25 nords. St cents, etc Ko discount for additional insertions. Matrimonial and clairvoyant ads, one-tlmo rate each insertion. UNDKIt ALL OTHER HEADS, except "New Today," $0 cents for IS words or lessi 10 to to words, 40 cents; 21 to ZS words, G cents, etc. first Insertion. Each additional Insertion, one-half; no further discount uo der one month. "NEW TODAY." (gange measure agate), 14 cents per line, first Insertion; 7 Cents per line for each additional Insertion. .ANSWERS TO ADVERTISEMENTS, ad dressed care The Orea-onjan. and left at this office, should always be Inclosed la sealed envelopes. 'o stamp to required oa inch letters. TEIT.PHOM! ADVERTISEMENTS For the convenience of patrons. The Oregoalan will accept advertisement for publication in classified colamns over the telephone. Bills for such advertising will be mailed Imme diately and payment la expected promptly. Caro will bo taken to prevent errors, but Tho Oregonian will not bo responsible for errors In advertisements taken over tb telephone. Telephone: Main 7070; A 1670. DIED. I..A FLEMME December 7. at the family residence. 1M Montgomery street. Ray mond l,a Flemme, aged 21 years, 11 months. NEW TODAV. GILMAN Auction and Commission Co. S. L. N. GILMAN, Auctioneer. BOTH PHONES. AUCTION SALE OF HOUSEHOLD FURNI TURE, ETC. Tuesday, Thursday and Friday 10 A. M. Ku-h Day nt 411 "Washington Street. Ve pay cash for household furniture In large or small lots. S. L: N. Gllman. auc tioneer. "Wells. Farg.- & Crtn Great Annual Auction Rale takes place next Saturday, December 1 4. at i lilman's sale; room. No. 41 1 W.-ifh-Ington street, between Tenth and Eleventh, nt' li o'clock A. M. S. J. N. Gllman, auc tioneer. The one BUST place in Portland to buy. GEOGRAPHICAL CENTER and MOST DESIRABLH residence property of the city. The Oregon Real Estate Company Third Street. Mortgage Loans Negotiated Promptly $3000 up to $25,000 For either Lenders or Borrowers. R M. WILBUR 110 2d at. HANFORD 6 BLACKWELL CIVIL, EI.'.'GIiVEEHS. Railroads, Power Plants, Industrial Plants. 1101' Alnaka Bldg:., Seattle. Wash. IF YOU WANT TO KW.I, HAVE TRICES RIGHT. T have a client that wants to buy TIM BER RELINQUISHMENTS. I have one that wants a few vacant lots; must not be over J5-mlnute car service, and must be cheap. I have others; have money to Invest. H. W. 8TRONC1. Atty. at Law, Suite "'SA Abington bldg. Special This Week prices on second-hand counters, shelv Bhoiv rass, fine book case, elegant pair Japanese cypress; many other thlngf Western Salvage Comp&ny t'oi. 2Dth and Wash, l'honc I'acliic 73. UNCLE MYERS Will sell watches, diamonds. Jewelry, guitars and violins for amount loaned and one month's Interest for this month only, at 143 Sd at., near Alder, Portland, Or. Hollaoays Addition