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About The Sunday Oregonian. (Portland, Ore.) 1881-current | View Entire Issue (Sept. 13, 1908)
GRIMES CAUSE OF BOOTH FAILURE Banks Deceived Into Making Loans by False State- -... ments. PROSECUTION MAY ENSUE Formal Charge Made by Chicago Banks That Books Were Juggled. Debts of $5,000,000 Dae, and $500,000 to Pay Them. CHICAGO. Sept. 12. Prosecution of the downfall of the big fish and sea-food llrm of A. Booth & Co. is mreaieneu Indicant stockholders, according to re ports current today. Names were men tioned, but Receiver Chalmers and others who are overhauling the books of the firm are endeavoring to ascertain who was responsible for the Issuance of misleading statements on which heavy loans were obtained from the banks. It was ascertained today that ten Chicago banks. Instead of four, as at first re ported, held notes of the Booth company. Xo Money to Pay Notes. Jacob Newman, of counsel for the banks In the case, stated this afternoon that of the firm's liabilities it has been discovered that 15.000.000 were In short term nolea, due in from three to six months. As a favorable estimate .would place the concern's earning power for half a year at 1500.000. Mr. Newman said that the necessity for a complete reorganization was obvious. avBnka Say Books Joggled. That the .concern's books have been ' juggled for a period extending back at i least three years is charged in a clr .' cular sent .out by the Interested bank ers, who also set forth that In the com pany's statements 11.200.000 had been . deducted from the liabilities, and the ' books made to balance by a similar ; juggling in the asset column, t By reason of this manipulation. It Is alleged, the corporation has been en abled to float paper that otherwise ; might not have been accepted by the ' purchasers. Members of the Booth family, however, - are said to be In no way Involved In any -questionable transactions. They are said to have been the heaviest losers by rea on of the mismanagement of others In whom they had Imposed confidence. The statement of the bankers bears the 'following signatures: The First National Bank of Chicago, "by F. O. Wetmore. vice-president. Thu Cnrn Rxchiinsre National Bank of Chicago, by Ernest Haxnill, president. The Continental Bank of Chicago, by Alexander Libert son, vice-president. The Commercial National Bank of Chi cago, by Joseph T. Taioert. vice-president. Tricks to Fool Banks. It was declared by other members of the committee that through the Inaccu rate statements every bank that has bought Booth & Co.'s notes In the last year has been misled. There are not more than 100 banks throughout the coun try that hold the company's paper. "A. Booth Co.." the bankers state ment says. "Informed us that the In creased liabilities shown as compared with th company's previous statements were caused by the manipulation of the figures in the annual reports for three or four years ending April 30." 1907, and that In the statement of the latter date there had been deducted fl.200.OCO from the 11a- kiKt;.. A - t . u- fituw -l a Bllllimi UllUUUl II U 1 11 111, assets to make the statement balance." Names Receivers In Michigan. GRAND RAPIDS. Mich.. Sept. 11 Judge Knapp. In the United States District Court for Western Michigan, today ap pointed William G. Chalmers, of Chicago, and C. Everett Ainsworth. of Sault Ste. Marie, Mich., receivers for A. Booth & Co.. in this district. BEAT WESTERN RAILROADS Illinois Terminal Company and 6lass Company Violate Law, QUTNCT, TIL, Sept. 12. The Federal jrrand Jury here today returned Joint Indictments against the Illinois Ter minal Railway Company and the Illi nois Glass Company, of Alton, for al leged frauds In transcontinental ship ments. It is alleged that the railway company received through shipments from the Indiana gas belt and that cars were sent out by it at the glass -works at Alton. ' The glass works took out glass bottle and glass stock and then reloaded cars with their own ship ments consigned to other parties on the Pacific Coast and In this way bene fited eleven cents a hundred at the expense of Western railroads. These are the first cases of the kind brought before the Interstate Com merce Commission and much Import ance Is attached to the outcome. The matter was presented to the grand Jury by. I B. Johnson, of Washington, attorney for the Interstate Commerce Commission. BUSY, SAYS . PRESIDENT Chief Executive's Main Interest Is In Having Taft Fleeted. OYSTER BAT. Sept 12. President Roosevelt took time this afternoon to spend an hour at a garden party and fair given at John A. Weeks' country home, "Tranquillity." for the benefit of the Nassau Hospital at Mineola, L I. With his son. Theodore, he rode down from Sagamore Hill dressed In khaki, and soon he was mingling with the many society people present. Some one remarked to him that It was very good of him to come to the fair at a time when, he must be a very busy man.- To this he replied: "I am vepr busy now. My main in terest at present is In getting Mr. Taft elected. When that Is done I'll be through with my Job as President Then I'll turn my attention to Africa." SHIPS WILL SAIL IN AIR (Continued From Ftnrt Pacs.) mobile most In use. It will not supplant other forms of auto mobiles until provision Is made for renewing the storage batteries at con venient places. But in the cities where electric energy may "be had cheaply and easily, the electric car will do the work of truck horses and In general furnish transportation for the people. "Within a few years, I would say, not to exceed twenty, the trans-continental railroads will run. their trains from the Rocky mountains to Seattle with electricity. The great water power in Washington state which Is now practically wasted will be utilised and when the waterfalls are harnessed, trains will be run much cheaper than at present. Most Substitute for Coal. Some day the world will be without coal if the Improvident use of It con tinues. Unless scientists Invent a sub stitute, the world will be cold and dark. It is a question that the world must shortly face. , Here In W ashing ton. the people need not feel alarmed over the fuel question. The numerous mountain streams will furnish electric power, heat and light. Fortunately the tendency Is toward tne use oi cimitif, lty produced by waterfalls and toward ecdnomv In the use of coal." - Mr. Edison, his wife and daughter. today left for Portland where they will remain a day or two. From Portland the party will go to Salt Lake and will return East by easy stages. There were hundreds of -curious per sons at the hotel to see the "wizard. Among those who sought . to engage him In conversation, were Inventors, men with Ideas who 1 wanted advice. To all of them, ho replied that he had finished with inventions and that he was not Interested. BOMB SENT Tfl GOVERNOR POSTOFFICE MEX DISCOVEK XEW JERSEY PLOT. Package of Unusual Shape Contains Quantity of Powder and Bullets, Besides Some Matches. SEAGIRT, N. X. Sept. 12. An at tempt to assassinate Governor Fort, of New Jersey, has been thwarted by the watchfulness, of postof flee . employes, who discovered in the malls an infernal machine addressed to the Governor. The package was a cleverly contrived combination of powder, bullets and matches, which had been so arranged that had the Governor opened It in. the ordinary way, there Is little doubt It would have killed him. Several days ago when a package of unusual shape ' was found to bear insufficient postage. It was taken by a clerk to one of the postal in spectors. The Inspector became more Impressed by the shape and condition of the package than by the shortage of stamps, and at once wrote the Gov ernor, informing him that a package of suspicious appearance, addressed- to him, was being held at the office. The Inspector asked for permission' to open it without forwarding It to Its destina tion. The permission was given at once. Exercising the greatest care, the In spector and his assistants removed the wrappings front the package, to find that their worst fears were confirmed. It was a real Infernal machine, crude, but so cleverly constructed that it was capable of doing tremendous damage. It contained a quantity of powder and bullets with matches so arranged that a hurried opening of the package would have set off the powder and hurled the bullets in all directions. . That the sender of the machine had a grim sense of humor became appar ent from an examination of the con tents of the package. On a bit of paper be had written a message to the Gov ernor, which read: "Please notify us promptly of any change in your postofflce address." The package was mailed August 28, the day after Governor Fort Issued his proclamation regarding the sale of liquor on Sunday in Atlantic City. The device was contained In an ' ordinary z-cent Government envelope, and the Philadelphia authorities had their at tention attracted to it because its weight required the placing of a 2-cent due' stamp on it. '5 BIG FIGHT E BOTH PARTIES CLAIM VICTORY AFTER CAMPAIGN. Republicans and Democrats Contend Alike That They Are Vic tors In Election. AUGUSTA, Me., Sept. li (Special.) The state campaign, which has been the most bitterly contested in years, closed tonight with both parties holding meet ings In every county In the state. Both parties claim victory. Chairman Boyd, of the- Republican committee, said today: "I believe Bert M. Fernald will be elected Governor by 15,000 majority. I will also say that the Republicans 'will elect 25 out of the 31 members of the next Senate, and that the lower branch of the coming Legislature will be overwhelm ingly Republican." Fred E. Beane, chairman of the Demo cratic State Committee, said: "I honestly believe that Obadiah Gard ner, of Rockland, the Democratic nomi nee for Governor, will win In the elec tion Monday. If Mr. Gardner gets 70,000 votes, as I believe he will from the In formation I have received, he will be elected. I have letters showing that thousands of Republicans who have never voted any other ticket will cast their lot with the Democratic party this year." GETS JOB BEFORE ELECTED J. D. Ilinkle Succeeds Judge Poln- dexter on Spokane Bench. OLYMPTA, Wash., Sept. 12. (Special.) Governor Mead today announced the ap pointment of Judge John D. Hinkle to be judge of the Superior Court of Spokane County to succeed Judge Miles Poindex- ter, candidate for Congressman from the Third district, who has tendered his res ignation from the bench to take effect Monday morning. The newly appointed Judge was nominated under the non-partisan Judiciary primaries as Superior Judge of Spokane and would therefore, conceding his election, take office for the regular term next January. He was rec ommended for appointment by Judge Henry L. Kennan, E. H. Sullivan and William A. Huneke. He is a .Republican. INQUIRES ABOUT HUSBAND Wife ol Man Accused of Rustln Mur der 3Iay Return. OMAHA. Sept. 12. A letter has been re ceived by the Davis family from Mrs. Charles E. Davis in California Inquiring about the troubles of her husband who Is accused of the murder of Dr. Frederick Rustln. and indicating that she would come to Omaha If necessary. The family refuses to divulge her California, address. She has been separated from her husband seven years. LOOK, $3.49 For silk pe tic oats, ell colors; worth 17. Monday at LB PALAIS ROYAL. STRAUS TO SPEAK IN TAFT'S BEHALF Secretary of Commerce and Labor Plans Numerous Addresses. PERIL IN BRYAN DOCTRINE Cabinet Member Commends Work Done by Powderly and His Atti tude. Regarding Participation In Politics. CINCINNATI. Sept. 12. After an ex tended conference with Judge Taft today. Secretary Oscar Si Straus, of the Depart ment of Commerce and Labor, said he will take the stump for the Republican ticket and make as many speeches as the duties of his office will permit. He is to speak In New York. Chicago and per haps other cities, and will dwell particu larly on the labor issue In the campaign. With Secretary Straus was T. V. Pow derly, at the head of the bureau of In formation and distribution -of the Immi gration Service, who is here to estab lish a receiving center for the applica tion of farmers fon- agricultural laborers, the supply of which Mr. Powderly will arrange for from the Incoming immi grants. After the conference Secretary Straus gave an intimation as to the character of the speeches he will make by saying: General Welfare the Aim. "1 was onoe a Cleveland Democrat and I am proud of It. I believed then, and until my dying day shall advocate that the highest aim of popular government Is not to multiply millionaires, but to promote the welfare and happiness of the millions. And when the party to which I belonged was misled by Bryan Ism, I became an advocate and follower of Mr. McKlnley. Roosevelt and Taft. "Shall the people rule?" Mr. Straus de clared to be the most dangerous of Bryan fallacies, "for every one of his leading doctrines is a denial of that rule." "Government ownership of railroads," he added, "would mean adding a thou sand million dollars to the country's debt and increasing the number of Govern ment officials by 1,600,000. Is this demo cratic? 'No, It Is. the Russian form of government." As to the guaranty of bank deposits, Mr. Straus said It was equivalent to the Government's guaranteeing the loans of the banks. The real attitude of Judge Taft to ward labor," Mr. Straus said, "was shown when the candidate was Governor or tne Philippines. He pardoned Reyes, who federated the islands for union labor," continued Mr. Straus. "Under an old Spanish law, Reyes was convicted of a conspiracy to raise wages and sentenced to serve four years in prison. In pardon ing Reyes, Judge Taft said: "I do not think tne statute as con strued is in accordance with American practice. I shall pardon Reyes and remit what remains of his sentence. Secretary Straus in regretting the loss- by death or Frank P. Sargent, commis sioner of immigration, commended the work of Mr. Powderly. and .remarked. I have a. son of Mr.- Gompers In the divi sion of printing and he is there purely on his merits." ' " Labor Well Organized.- .111. II n v. i j j 11 VI me c - J o labor organizations into politics. He said: "Labor was never better organized, better paid, more independent, or more respected tnan it is loaay. Mn Martin T-firn n nf Manila, who has recently arrived In 'the United States as the accredited agent of the public organi sations or tne i-ninppin xaiaituo, iuu . t.id-a To f tnAav a rtlnn fnr B. cam paign of education which the Filipinos have commissioned ner to carry mi vm in this country, and of which President Roosevelt has Just written: "The plan Is the most comprehensive anti the most important of anything, of the kind I have ever yet seen during the time 1 nave oeen yieamcm. ..t-v.. i i. .rnlslnoit Mrs. Eran. "to bring to the personal attention of the peo ple of this country tne great n i v a ,v .i in .Via -PMHnnlnes under Judge Taft and that is still continuing; to let it be known that the Filipinos realize that self-government would now mean the destruction of the public con fidence so necessary to a continuance of the splendid developments which the islands have enjoyed since American in tervention. I am here to make it clear to the American people that not only Is this the true public sentiment in the Philippines but also to convey the feeling of gratitude which the Filipinos entertain toward the people of this country." RACING ENDS AT MEADOWS New World Record Established In Mile and Sixteenth. " SEATTLE. Wash., Sept. 12. (Special.) The seventh annual race meeting at the Meadows closed today with a card of seven races, of which the. feature, ' the Alaska handicap went to Green Seal, who covered the mile and a sixteenth In 1:44 2-5. a new world's record or the third time such an announcement was made at the local course this meeting. In a trial at reducing the track record Scrofula Few are entirely free from It. It may develop bo slowly as to cause little if any disturbance during the whole period of childhood. It may then produce dyspepsia, ca tarrh, and marked tendency to con sumption, before causing eruptions, sores or swellings. To get entirely rid of It take the great blood-purifier, . Hood's Sarsaparilla In usual liquid form or in chocolated tablets known as Sarsataba. 100 doees tL - 5 COLUMBIA TRUST COMPANY 7th Floor Couch Building, Of ill rmrleliM permanently cared In s few iYl wlthw aarricil operation or detention from btuineaa. No py rill be nccrpted until the pttient It completely "tltfied. SKiS Fidelity Rupture Curs 114 Swetland Bid., POBTLAND. OB. BURTOBE MM What's Back of Every Suit At ColumbiaWoolen Mills Co The reputation of a pxm that Has been in business 16 years in Portland. Expects to remain in Portland as many more. Never failed and never expects to. Has established a standard that good dressers respect. ' ' - Owns its workshop. Makes its clothes in Port land. , Cuts your suit from the pattern you select. Carries the largest stock and makes more suits than any tailor in Portland. , ... ' Has made a booster of every customer a sat-; isfied customer is the greatest publicity in the world. Will satisfy YOU if high:grade materials, cut in the most approved style and made by Portland; tailors, meet your requirements. of a mile, which -was Bet at 1:37 3-6 by Fern I, ft month ago thereby equalling the -world's -best time for the distance. Vox Popull came within a fifth of a second of the filly's time. The majority of the horsemen will ship at once to California, but several hun- i !? if AftfteiniM Good We request the attention of every young and middle-aged man in Portland who prefers to wear GOOD CLOTHES; clothes that are good from the time they are cut from the bolt until they have given the wearer his money's worth of style and comtort. .... ( . Here's an Opportunity That Must Appeal to YOU. We Are Selling 500 Suits, Mostly Scotch and English Effects Our Regular $30.00 and $35.00 Values for These suits have regularly sold at the above prices, and in many shops have been, priced as high as $40. The same high-grade workmanship that has characterized Columbia Tailored Clothes enters into the making of these suits, as when sold at regular prices. dred horses will be sent over the various state and county fair courses during the next month. Results: Bix furlongs Silver Stocking won. Toupee second, Taylor George third; time 1:12. Six furlongs JUstowel won. Achieve sec ond. Pert third: time 1:12 3-6. Mile and sixteenth Green Seal won, Ed CfiOOl You will find here the largest stock in town of BOYS' SCHOOL SUITS at POPULAR PRICES KNEE PANTS SUITS $1.95 to $3.95 KNICKERBOCKER SUITS $2.95 to $5 Everything for boys except shoes at MODEST PRICES MOTE Dressers! 7 TK BETTER GET BUSY 'And get into the "Reason "Why" contest. We limited the number to 100 purchasers of suits. We- have nearly reached that number now over" 80 sold. Be one of the fortunate Columbia customers. Give us - YOUR "REASON WHY" We must know it. It's dollars and cents to us. For the best, original ''Reason. Why ''Columbia-Tailored Clothes are Popu lar, we offer $50; for the second best $25; and five awards of $5 each. The contest will be turned over to the judges within a few days. GRANT PHEGLEY, Mgr. win T. Fryer second. Royal Ben third; time 1:44 2-5. Mile Vol Populi won. Mirier second. Fern L-. third; time 1:37 S-5. Mile and TO yards High Oun won, Mlsa Mazzoni second. Kruka third; time 1:43 3-3. Mile Billy Pullman won, John Lyle sec ond, Ton! C. third; time 1:40 3-8. TO TMrrl and fiafr : First and Yamhill is. V EH r SEVENTH and STARK STS. Mo Stndents No Gas No Cocaine We Set the Pace Specialists in Painless Dentistry TEETH "WITHOUT MATTS; II 1 ITntll September 81 We Will Make Special Reductions on All Work. NERVOUS PEOPLE ' and those , afflicted with heart weakness can have their teeth extracted and filled without any pain or bad results. Extraction, absolutely painless 0 Best plain rubber plate.. $8. OO Bridge work $5.00 22-k gold $5.00 Silver filling 50 tip CXEAXINO TEETH FREE. Consultation and estimates tree. Open evenings until 7. Lady la attendance. Union Painless Dentists Suite 1, 2, 3 and 4, 221 Morrison, Corner First. Phone A 2132. Diseases of Men Varicocele, Hydrocele, . Nervous Debility, Blood Poison. Stricture, Gleet, Prostatic trouble and all other private dis eases are successfully treated and cured by me. Call and see me -about your case If you want reliable treatment with prompt and permanent results. Consultation free and invited. All transac tions satisfactory and confidential. Office hours 0 A. M. to 8 P. M. Sundays 10 to 12. Call on or address DR. WALKER 181 First St Cor. Yamhill, Portland, Or. Piano for Sale ... ? Upright piano in good condition, only $100.00; $6.00 down and $5.00 per month. Come early Monday . morning. We rent, pianos. Sherman, Clay 6 Co. Sixth, and Morrison. 0pp. Fostoffica. sssssss .
