13
TIIE SUNDAY OREGONIAN, PORTLAND, MAY-3. 1903.
IS
Articles Filed by Ladd & Tilton
With a Capital Stock of
. $1,000,000.
CONTROL IS UNCHANGED
Institution's I.ao-easlng Business
Makes Continuation as Unincor-
porated Concern Inadvisable W.
M. Ladd First' President.
' Articles of lncorpor atlon4, -were filed yes
terday by the Ladd & Titton Bank. The
Institution will come Hence business as a
corporation tomorrow? morning; after al
most 60 years of ex'lstence as a private
bank. The capital stock Is Jl, 000, 000.
fully paid up, and t'pe Institution shows
a surplus of 1400,000 at the outset of its
corporate career. j
The management if ' the bank will be
the same as heretofco-e; the necessity for
incorporation arises from the increasing;
business of the institution. This can
. be handled better by a' corporation than
by a private bank and in case of the
death or disability of any of those who
control the bank, the business cannot be
affected in any way, whereas if the pri
vate bank were continues', much probate
business and straightening out of the
estate would necessarily follow the death
of any one in control of Uie Institution.
Moreover, other large Interests will
hereafter be associated vith the bank,
notably Frederic B. Pratt, of the firm of
Pratt & Co., New York. Mr. Pratt Is
the brother-in-law of W. M. Ladd and
represents the very large' Pratt fortune
founded by Charles Pratt;, who was a'
prominent citizen of Brooklyn, N. Y.,
where he founded the Pratt Institute, a
large industrial school, and did much to
relieve the condition of the poor, among
other things, building model dwellings
for worklngmen.
Elect Directors! Board.
, Stockholders of the bank held meetings
yesterday afternoon an d the following
directors were elected: Edward Cooking
ham, Henry L. Corbett, "William M. Ladd,
Charles E. Ladd, J. Wesley Ladd. S. B.
IJnthicum and Theodora B. Wilcox, all
of Portland, and Fredewic B. Pratt, of
New York. Directors then met and
elected the following officers: President,
William M. Ladd; vice-president, Edward
Cooklngham; cashier, W. H. Dunckley;
assistant cashiers. R. S. Howard, Jr., J.
W. Ladd and Walter M. Cook.
The new corporation 19 the only bank
ing business in the city with a capitaliza
tion of $1,000,000, the First National and
the United States National each having
a cnpital stock of JMO.OOO. The capital
stock of the new bank will be divided into
10,000 shares, having a par value of $100
each.
The Ladd & Tilton Bank was founded
by W. S. Ladd in 1859. Since his death
in 1893, it has been carried on by his
sons. A statement of the bank's oondi-
tlon, prepared yesterday, shows the insti
tution to be in a highly satisfactory con-
HtiO"..
Deposits Over $12,0-00,000.
The assets
and liabilities are as fol-
lows:
ASSETS.
Loans and discounts
Overdrafts
Bonds and stocks , .
Cash on hand and due from
.1 4,
434.618.ST
2.431.51
419.bil.63
banks S, 750, 098. 67
Total .13,606.670.08
LIABILITIES.
Capital stock, fully paid $1
.000.00.00
400,00.00
surplus ana undivided profits.
l'emana aeposiiB. . 9b,yyt, i
Time and savings
dnposits 6,201,029.90
Letters of credit. . 9,841.21
12,208,67t'.08
Total
.113,206, 670. 08
Reception by Hartman & ThompaMi
Yesterday afternoon "open house" was
kept at the new banking and real esta te
offices of Hartman & Thompson in tiie
Chamber of Commerce building. The new
counting-house of the firm. Into which it
moved two weeks ago, was handsomely
decorated with flowers and greens and
patrons and other friends of the firm and
employes visited the bank to extend theclr
onpratnlntlons and good wishes.- The
rf
DR. B. K. WRIGHT,
PIONEER
BANK
NOW
CORPORATION
ri ' : TZSPK
Our Crown and Bridge work is unexcelled. "We make perfect-fitting Plates,
that won't fall down, when plates are necessary. . Our terms are extremely moder
ate, considering the class of service rendered.
GOOD SET OF TEETH
ON RUBBER PLATE .
DR. B.
342V2
OFFICE HOURS-8 A. M.
Phone
growing business of the Institution made
it necessary to enlarge the quarters, and
this has been done in taking the rooms on
the other side of the main entrance on
Stark street from the rooms formerly oc
cupied. Refreshments were served to
callers yesterday and an orchestra fur
nished music during the time of the re
ception. MOVE TO PROTECT BIRDS
Audubon Society Kalses $228 to
Send Men to Breeding Grounds.
At a meeting of th Oregon Audubon
Society last night the committee appoint
ed some time ago to- raise funds for the
purpose of sending a delegation to the
Southeastern Oregon lake region to In
vestlgate the wild fowl conditions ex
isting there, reported that It had re
ceived subscriptions amounting to $255,
and it was decided to send two men on
the trip.
The object of the tour Is to discover
the exact conditions surrounding the lakes
where reports have it that the eggs and
nests at these breeding grounds are be
ing wantonly destroyed. This is in line
with the policy being pursued all over the
country, and petitions are being framed
to President Roosevelt and Governor
Chamberlain asking them to use their In
fluence toward making the breeding
grounds reservations and have them
suitably patrolled to put a stop to the
malicious killing of the young birds and
the destruction of the nests.
The following were elected life mem
bers in the society last night: Dr. Emma
J. Welty, Mrs. J. A. Strowbridge, Mrs.
C. M. Cartwrlght, Justus M. Strowbridge.
Henry Wagner, Miss Mary F. Isom, Mrs.
Paul Wessinger, W. B.' Ayer and Miss
Josephine Hirsch.
The following resolutions were unani
mously adopted:
Whereae. The Oregon Fish and Game
Association has proposed an amendment to
our present duck law, which will permit
"Spring shooting;" and
Whereas. Our wild fowl are growing scarcer
every year; and the snooting season should
necessarily be shortened rather than length
ened; and
Whereas. Spring shooting Is opposed by all
true sportsmen because it Is exceedingly de
structive and soon lads to wild fowl ex
termination; now, therefore, be it'
Resolved, That the Oregon Audobon So
ciety condemn this action of the Oregon Fish
and Game Association as detrimental to the
preservation of our water fowl and unsports
manlike; and be it furather
Resolved, That the members of this so
ciety exert every effort to prevent the passage
of this harmful amendment at the next ses
sion of the Legislature.
HOBSON AT WHITE TEMPLE
Free Lecture This Afternoon on the
Navy as Factor ot Peace.
Captain R. P. Hobson will speak at
the White Temple this afternoon at
3:30 o'clock under the auspices of the
Young Men's Christian Association on
"The Navy as a Factor of Peace." Cap
tain Hobson is actively interested in
the work of the Young Men's Christian
Association, having been president of
the student association at Annapolis
Academy. He has been a - popular
speaker before associations In all parts
of the world.
The meeting will be open to all men.
No admission fee will be charged. Mrs.
Olga Barbsch Lang will be the soloist
for the afternoon. Doors open at 3
o'clock. Mr. Hobson's address Is given
by courtesy of the Heillg Theater.
NEW" REAL ESTATE FIRM
Well-Known Newspaper Man Will
Engage in Real Estate Business.
C. 'J. Owen, one of the best-known
newspaper men on the Coast, has de
cided to forsake chat field and embark
in the real estate business. Mr. Owen
recently traveled throught the Cast
and West to study conditions, and
came to the conclusion that his former
home was the best city in the country
in which to engage in business. Mr.
Owen was formerly general manager
of the Evening Telegram, and later
business manager of the San Francisco
Call. He will open offices in the Lum
ber Exchange.
CHEAP RATES EAST.
May 4, IT, and on authorized dates
during the Summer, the Canadiati Pa
cific will sell round-trip excursion
tickets to Eastern points at very low
rates. Tickets good for stop-overs,
long time limit, diverse routes. Applv
at local offices, 142 Third street, for
full particulars.
Spectacles tt.00 at Metzgers.
ECONOMY
TO SECURE THE BEST
AVAILABLE DENTAL SERVICE
Our claim for your patronage is based upon 12
years' continuous practice in Portland, with a steady
growth of business each year, until today we enjoy the
largest dental practice in the Northwest.
"We have kept fully abreast of the times, and never
spared any expense to secure the most approved appli
ances that will aid in producing the most satisfactory
results. '
$5.00
BEST SET OF TEETH
ON RUBBER PLATE .
E. WRIGHT
Washington Street, Corner
to 5 P. M.; 7:30 to 8:30 P. M.; SUNDAYS 9 A. M. to 1 P. M.
Main 21 19 Twelve Years In Portland
URGED TO COH
Oregon Cities and Towns In
vited to Rose Show Parade.
MARCHING BODIES NEEDED
Municipalities That Have Not Ar
ranged for ' Decorated Floats
Will Be Represented In This
Manner in the Pageant.
While it is now almost, if not enfr
tirely, too late for cities and towns of
Oregon that have made no arrange
ments, to be represented by floats in
the great "Spirit of the Golden West"
parade, the Rose Festival management
Is still holding out an opportunity for
outside points to come In and partici
pate by sending marching bodies to
Portland to be entered in the various
cavalcades by day or night. Letters
are now being prepared addressed to
a score or more of the leading cities
which have not yet arranged to take
part, calling attention to the fact that
there will be plenty of opportunity for
being represented by brigades of
marchers In one or more of the street
pageants. '
Eugene, through Its commercial
club, has set the pace by preparing to
send a body of 100 men dressed in
white uniforms, each carrying a para
sol in the official colors, the entire
division so arranged that the sun
shades will spell the following words:
"Eugene, Lane County, Oregon."
The Instructions now being prepared
are to the effect that any town which
does not feel that It can afford to
spend the $500 or more necessary to
enter a float can find artistic repre
sentation by organizing a corps of
marchers, bearing some special emblem
which will be typical of the community
they represent.
Suggestions as to what each town
might do will be embodied in the cir
cular letter that is being sent out
from headquarters, and It is confident
ly expected that no less than 30 or 40
towns of Oregon will take advantage
of this opportunity to "boost" their
particular advantages.
Up to date ten cities of Oregon have
subscribed sums ranging from 1600 to
$1500 each for elaborately decorated
floats, which will appear in the "Spirit
of the Golden West" parade. But in
order that no city or town shall be ex
cluded, the opportunity is being given
them to devise some other form of
i i,A .... .tnna ouAiitR rf the week.
,11 L 1 J 1U till. vo.i,wu . . . . -
There will be no less than half a dozen
parades in wnicn ouisiae towns may
compete and every community In the
state is urged to arrange for some
form of representation.
Seattle has notified the Festival man-
.. 14. Yarill nrnvirl. n an
aHcuicu. mm . .
adjunct of its J1B00 A-Y-P float an
array of IS human totem-poies 10 act.
as an escort for the float in the big
parades. These totem-poles will bo
patterned after those which were seen
here last Winter in "The Alaskan," and,
so far as the management has been ad
vised, these will be a unique feature
of the great electrical pageant.
WILL TRAVEL IN STYLE
Presbyterian Delegates to Charter a
Special Train.
Portland and Oregon commissioners
to the Presbyterian General Assembly,
to be held in Kansas City, Mo., begin
ning May 21 and continuing about ten
days, will probably travel on a special
train. They are planning to do so, and
hope to Join in the trip with the Wash
ington and Idaho delegates. The entire
Pacific delegation will unite in an ef
fort to secure the 1909 assembly for
Seattle.
The commissioners to , the general
assembly from the Portland presbytery
are Rev. J. V. Milllgan, Rev. A. J.
Montgomery, Professor James F. Ewing
and John Bain; from the Willamette
presbytery, Rev. Tracy C. Grlswold,
Rev. Isaac M. Boyles, F. E. Rogers and
Jacob- Voorhees. They will leave with
in a short time for. the trip. i
The general assembly is the supreme
legislative body of the Presbyterian
Church, and commissioners are in at
tendance from all over the world.
$8.00
PAINLESS
DENTIST
Seventh
W' ' Satisfaction .
f A In the . N
- hat which Is fY.
k. RIGHT"
'Vfv Aak ,on
WMl' DmI" ' twill
'i IS. A
J. M. GRAHA3I, OF ERIE ROAD,
VISITS SOUTHERN OREGON.
Suspected That Engineer Is Scout
. for Hill System, Which Has
' Hinted at Extensions. .
J. M. Graham, .second vice-president of
the Erie Railroad, spent yesterday In
Portland, leaving last night for Southern
Oregon. While here he was in conference
with local railroad men. His mission in
Portland was something of a mystery, but
It is understood that it was In the inter
ests of the Hill railroad system. He
has taken a leave of absence from the
Erie, supposedly because of the Harriman
domination In the system. Mr. Graham
has been associated with the Hill inter
ests for years, having formerly been gen
eral superintendent of the Northern Pa
cific Since then he has served as chief
engineer of the Baltimore & Ohio, and
later went to the Erie as head of the con
struction department.
Until Harriman executed his coup this
Spring and acquired a large interest In
the 'Erie, that road was understood to be
under the domination of the Hill interests.
The presence of Mr. Graham in Oregon,
and particularly Southern Oregon, may
mean the announcement of designs upon
that part of the country by the Hill
lines at no distant date.
Mr. Graham is an engineer of very high
ability, and this fact lends color to the
theory that he may be a scout for the
Hill people in this territory, to which
James J. Hill himself has said he will
build extensions.
Mr. Graham was noncommittal as to his
plans here while In Portland yesterday.
Hejunched at the Arlington Club as the
guest of General Manager Talbot, of the
Oregon Electric Railway, and in the af
ternoon took an automobile ride with A.
J. and George McCabe, with whom he
was associated in the Northern Pacific
operating department years ago.
RUSH TO SAN FRANCISCO ON
Special Train Required to Carry the
Overflow of Passengers.
Testerday was the record day for the
heavy travel to San Francisco from
Portland because of the coming of the
Atlantic fleet to the Golden Gate. A
special train was run out last night,
leaving Portland at 7:45, carrying an
observation car, two diners and eight
sleepers. Not only was this train full,
carrying about 240 people, but the reg
ular train leaving at the same time and
the late train last night carried addi
tional equipment with all accommoda
tions taken.
In addition to the heavy travel by
rail, all steamers for the Bay City are
crowded. Railroad officials - estimate
O
THE NEW PROPRIETOR
CHICAGO CLOTHING CO.
few
Ta f ' I li-ir III' 1 li JKfi vt
ffim fctte
TWO GREAT SPECIALS
The Best Clothing Values in the United States
$10 buys the equal of any $15 Suit anywhere
$15 buys the equal of any $20 Suit anywhere
WHEN YOU SEE IT IN OUR AD IT'S SO
MOYER
that fully 400 Portland- people left yes
terday by rail to help in the welcome
San Francisco will give to the fleet.
Testerday marked the biggest day of
this business, say railroad men, al
"THE STORE THAT
G
69-71 Third Street, Bet.
AFTER EASTE
iieoiuiciLioini
Men's
Fifteen dollar suits for $9.35 require no argu
ment to sell. ; The way these suits are being
snapped up shows that men know values when
they see them. Our line of men's suits now at
is the equal of any $20.00 Suit in the city. New
est shades, latest effects.
Kindly Let Our Salesmen Show Them to You
4 wx
though there will be a big movement
today and tomorrow. Tonight depar
tures will be almost as heavy, it is ex
pected, as last night's. Offices of the
Southern Pacific are besieged by people
RIGHTS THE WRONG"
A
Suits, $15 Values Reduced to
14.3
"St-:
Third and Oak
First and Yamhill
who want to go to San Francises, and
on account of the crowds there Is a big;
scramble for accommodations.
Eye Glasses $1.00 at .etsirer's.
BE
Oak and Pine
.same
R