The Sunday Oregonian. (Portland, Ore.) 1881-current, September 13, 1908, Page 2, Image 2

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    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 .