The Sunday Oregonian. (Portland, Ore.) 1881-current, November 01, 1908, SECTION FOUR, Image 46

The Sunday Oregonian., November 01, 1908, SECTION FOUR, Page 10, Image 46

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Newspaper Page TextTHE SUNDAY OREGOXIAX. PORTLAND. NOVEMBER 1, 19Q3. 10 BRYAN MENACE TO NATION 5 INDUSTRY Opinion Among Business Men . of Portland Is Practi cally Unanimous. MANY PROJECTS HELD UP Important Enterprises Are Contin ent on Election of Taft Repre- v scntatlve Portland Men Dis cuss Political Situation. Business and manufacturing interests of this city are practically a unit In opposing the candidacy of 'William Jerf rlngfl Bryan. They rtard that the elec tion of the Xebraskan would prove a serious menace to the country and their opposition to him Is based on business rather than partisan reasons. In dis cussing the situation many of these rep resentatives of capital and large em ployers of labor declared that while Bryan- election might not cause a panic In financial and business circles the defeat of Taft would be followed by a period of suspended activities unttl It could be determined to what extent the successful nominee would undertake to Introduce the various policies advocated ir. the platform on which he Is running. The opinion Is unanimous, however, that should Taft be elected existing pros perous conditions would be continued without any interruption. Included among the appended Inter views are many of the representative interests of the city. Manufacturers, contractors, bankers and leading busi ness men view the situation and the pos sible election of Bryan in the same light. The success of the Nebraskan, they de clare, will mean a period of general de pression throughout the country. Lo cally large contractors report that much prospective business Is dependent upon the result of the election. In answer to the question: "In your opinion, what will be the effect on gen eral business conditions should Bryan be elected President?" the following ex pressions were obtained: Distrust Would Be Continued. T. B. Wilcox, president Portland Flouring Mills Company During the past year there has been hard times all through the country. This condition was more aggravated In the East than In the Pacific Northwest, and I am ap prehensive that In the event of Bryan's election, this condition would be con tinued, or even Increased, until the In auguration, so that people could see what was coming. I believe the people would have confidence with Taft, If elected, and. Instead of pursuing a hand-to-mouth existence, they would go ahead and Increase their business. Deal Hinges on Tuffs Election. E. L. Thompson, of Hartman St Thompson, bankers and brokers The effect at the present time seems to be to put Into everybody's mind the spirit of hesitation. One extensive deal la now pending with our firm In which the man says he will close In the event of Taft's election, but If Bryan is elect ed, he will wait and see what develops. There Is a definite Impression in peo ple's minds about Taft, while they are very Indefinite as regards Bryan. Doubtful About Bryan. Pavls U Williams, architect If Taft is elected, things will continue to pros per as they have In the past. I do not say that they will not It Bryan is elected, because I don't know. I do not see any bets being taken by the Bryan people. Bryan Only Temporary Check. E. C Ooddard. manager Goddard Kelly Shoe Company If Bryan Is elected. I look for the people to hold back for a while and business to be correspondingly slack. Eventually, however, business will be all right. The country Is too prosperous for any setback worth mentioning. Would Make Business Dull. R. Lea Barnes, vice-president United Ptates National Bank If Bryan should be elected President, I think business .would be uncommonly dull for a few months, for everybody would be wait ing to see what would happen. There would naturally be many people who would not take into consideration put ting Idle capital Into new business, but for my part. I have no fear, and no doubt that Taft will be elected. Would Await Effect or Policies. A. L. Mills, president First National Bank I believe Bryan's election would cause stagnation and stoppage of en terprise for a time at least, until the business world could learn what the effect of his policies would be when put Into force. I do not think his elec tion would cause any panic, but merely a checking of business for a time. Work Awaits Election. , Ernest B. MacXaughton. of Mac Naughton. Raymond A Lawrence, arch itects We have work In our offices awaiting the outcome of the election. If Bryan Is elected, we have some clients who feel they do not care to go ahead with their business at once, be cause of uncertainty regarding the future. Would Destroy Confidence. - O. 11 Krausse, Krausse Bros., shoe dealers People seem to be holding off awaiting developments. Our salesmen report buyers are waiting until after the election to make purchases. I think Bryan's election would unsettle busi ness conditions for a while and destroy confidence unttl the people could see what was coming. If the same policies are continued. I think we will have fine business right away. If Taft is elected. I believe confidence will be fully restored. When confidence Is de stroyed, all get weak-kneed and delay their orders. Bryan Menace to Lumber Market. C. E. Pant, of Dant A Russell. lum bermenIn case of Bryan's election, we think business will be very quiet for some time, but If Taft is elected we think business will pick up almost Immediately. The railroads, which use large amounts of lumber, would go ahead, while if Bryan were elected, people would hold oft to see what the result of putting a Democrat In power would be. I think the. election of Bryan would be harmful to the lumber market. Prosperity Waiting: Tor Taft. Lansing Etout. secretary and cashier Elberntan Savings. Bank If Bryan is lected. I think things will be quiet for tome time, although X do not believe there will be a panto or anything of that kind. But if Taft Is elected. I am of the opinion that business will Im prove right away. -Would Put Business Back a Year. L. S. Hirsch. manager Willamette Tent A Awning Company If Bryan is elected. It will naturally put business back for about a year, before normal conditions will be restored again. On the other hand. If Taft Is elected, busi- I ness will continue to Improve as It has , Improved in the past year. If Bryan Is chosen, people who na.ve lost .u-iu-dence will be scared or a considerable time. Business Would Go to Pieces. H. H. Jones, manager Jones Lumber Company My opinion Is that we want a Republican President. I think the tendency will be for business to drop off If Bryan should be elected, and things would probably go to pieces. If Taft Is elected, business will resume without delay, at least that Is my opin ion. Would Cause Dcpreslon. . F. H. Ransom, manager Eastern & Western Lumber Company In the event of Bryan's election, we feel there would be a depression. A great deal of work would be kept back until the people find what political policies are going to be followed out. Bankers would give out less money than they do now to carry on the industry of the country, and so I think the elec tion of Bryan would have a bad effect on the lumber Interests as well as on other business. Contract for Boats Held Up. Joseph Supple, shipbuilder It seems to me that if Bryan were to be elected President, all lines of business would be stopped up fop some time, anyway. We are figuring on at least three or four contracts for boats that are held waiting until the outcome of the elec- Ml.MSTKR HETl'RVI FROM EAST WITH BRIDE. Rev. N. Shupp. Rev. N. Shupp, a well-known minister of the Evangelical Asso ciation and pastor of -the Evan gelical Church of Milwaukle. Or., returned last week from Ohio, bringing with him a bride. Rev. Mr. Shupp slipped away, saying that he was called East on a pressing business engag e m e n t, and then surprised his friends on his return by presenting his bride. Mrs. Shupp was the widow of the late Rev. S. Alberts, a prominent minister of the United Evangelical Church of the Ohio conference. Mr. Shupp is one of the best-known ministers of tha Evangelical Association In Ore gon. The couple have made their home In Milwaukle. tion is known. I do not know if they will go ahead or not, but this will depend on the result of the votes, some think there would not be much difference ill business, no matter who Is elected, but I think there would, be cause business Is held up awaiting the outcome. Tells of Sentiment in East John A. Keating, vice-president of Lumbermens National Bank I recently made a three-week's trip to the East, spending my time In Minneapolis. Chi cago and various points In Michigan. When I first reached the East I found somet uncertainty In regard to the out come of the election. The situation rapidly changed, however, and when I left to return West, the conviction was general that Taft would be elected. Business men with whom I talked at all these different points had unani mously come to this conclusion. Local Issues in many states arouses unusual Interest. There Is a possibility of Democratic Governors In Minnesota Illinois, Indiana and Michigan. These local questions, however, do not seem to be effecting the Presidential ticket. All four of these states are considered safe for Taft by good majorities, as well as Ohio and New Tork. There Is everywhere deep Interest In the elec tion In a quiet way. but very little concern is felt and expressed. I was much Impressed with the difference of the campaign in this respect as com pared with the two previous ones In which Bryan haa been a candidate, and also was much Impressed with the fact that I personally met a much smaller number of supporters of Bryan than In these two former campaigns. Here's a Conundrum. George C. Mason, vice-president Hurley-Mason Company,' contractors The effect of Mr. Bryan's election upon business can be best expressed so far as our views are concerned by pro pounding the following question: - If the election of Mr. Bryan will not pro duce bustness stagnation, why is It that many large projects, even when controlled by Democrats, are held up until after election? Would Affect Building Operations. W. C. Knighton. architect Should Mr. Bryan be elected, I am confident that building operations would be af fected very materially and fully 80 per cent o,f the contemplated work for Spring would be held in abeyance until conditions were settled. Would Further Disturb Business. H. S. Butterfteld. of Butterfield Bros Bryan's election would further tend to disturb business affairs. Untried admin istration theories are not the things to restore ' confidence In the commercial world. This country will always honor Bryan for his rhetorical achievements, but should not honor him with the Pres idency. Pronounced Feeling; of Unrest. R. A. Marshall, of Marshall Bros., con tractors Whether the assumption that the election of Colonel Bryan would bring forth changes In financial and business affairs, be sound or not, there Is no disputing the fact that there is a well-pronounced feeling of unrest among financial and business concerns In this section. Tha election of Colonel Itiyan would Influence the times, causing tight ening of business this Winter and Spring until It could be demonstrated that the policies he would pursue would not bs ' ' i in opposition to present conditions. The selection of Judge Taft would be an as surance of no great changes and we would feel the effect Immediately con ditions this Winter and Spring would surely be at least normal, with an upward- tendency. We have much pros pective work dependant upon this elec tion. Taft Better for Country. Joseph Faquet. of Paquet. Gelbisch & Jopltn It will be a good deal better for the country should Taft be elected. I do not pretend to say that the -election of 'Bryan would create a panic, but a feeling of greater security would attend the election of the Republican nominee. Conditions In business circles now are In a semi-suspended state. At the same time It Is more difficult to get money now than it was a few months ago. It Is for these reasons I am apprehensive of the probable effect on business that undoubtedly would follow Bryan's elec tion. People Have Confidence in Taft. Theodore Bergmann, Theodore Berg mann Shoe Company I think that If Taft is elected. It will be better for busi ness generally. People have more con fidence In the policies of Taft than of Bryan and will generally support him bet ter than they will the Democratic can didate. Effect Would Be Disastrous. R. L. Darrow, manager of John Deere Plow Company The election of Bryan would be most disastrous to business, not because he would be able to do so much himself, but because of the influence he would exert on business generally. Men having capital would be slow to invest ontll the real scope and effect of Bryan's policies could be determined. Bryan's Vagaries Feared. Edward Cooklngham. vice-president Ladd & Tllton Bank The strong, level headed financial and business men of this country, by an overwhelming pre ponderance, are unqualifiedly opposed to Mr. Bryan's candidacy because of their utter lack of confidence In him and the vagaries of which he has been an atdent advocate. In the event of his election, this distrust would not be diminished in the least, but, on the contrary, would re main deep-rooted, and with this state of mind pervading the business world, there would unquestionably be a widespread determination to confine all business en terprises to their current requirements until a sufficient time should have elapsed after ihe inauguration next March to give the country an opportu nity to know what Bryan's policies are to be. New enterprises will be held in abey ance, and the hum of Industry which will follow Taft's election, would be con spicuously absent for the next six months or year If Bryan were elected. Business Interests Fear Bryan. F. W. Watson, vice-president Pacific Coast Construction Company For the past several months there has been shown a tendency on the part of the larger railroad companies to postpone commencement of active operations upon proli-cted lines or heavy betterments of existing lines until after the National election has been held. This condition, though not unusual at the times of past elections. Is, at this time, more pro nounced. At the time the late panic occurred general construction work was one of the first lines of business to be seriously affected: in many instances work was absolutely abandoned, while In others expenditures were reduced to a fixed minimum. During the past Spring and Summer most projects thus affected have been resurrected and work upon them resumed with increased force and vigor. It seems to have been the inten tion of the capital directly Interested in these projects to have the same com pleted at this time. On the other hand, there has been no great amount of new work undertaken In the past few months. From these conditions we are forced to conclude that the business .interests of this country are satisfied with the exist ing policies of the Government, but they are unwilling to hazard any project re quiring a large expenditure until It Is definitely known whether or not these policies are to be perpetuated for an other Presidential term. A victory or the Republican party at the coming elec tion will, no doubt, lead to the lmmec.ate resumption of active operations upon projects that have been held in abeyance. The defeat of this party would cause these same projects to remain In abey ance an Indefinite length of time, depend ent upon an enunciation by the admin istration as to what Its policies would be. and a thorough understanding of the effect of such policies upon these enter prises. Effect of Bryan Problematical. A. C. Callan, Manager Pacific Hard ware & Steel Co. While at the pres ent time the- effect of Bryan's election Is problematic, there Is a feeling ex isting among the trade that if Taft Is elected the revival in business will be very rapid; In fact, we have received several very attractive orders with instructions to make shipment shortly after December 1 If Taft is elected and further Instructions to hold orders In abeyance In the event of Bryan's elec tion. This clearly illustrates that the "gospel of discontent" which has been spread by Bryan's followers is affect ing purchases to a great extent and causing the large buyer to be ex tremely cautious where heavy tonnage is involved. From a manufacturing standpoint Bryan's election would be disastrous, owing to his position on the tariff, and as he is a man that craves power, there would be no tell ing what drastic measures he might adopt in order to smake himself felt. The iron industry requires certain protection, otherwise foreign material would be arriving at Pacific Coast points, which would mean eventually that the rolling mills would have to cut their present scale of wages paid to their employes, as they would be unable to meet the competition of cheap foreign-made material. Port land, however. Is so geographically situated that It supplies a very large area and perhaps might not feel the effect as her larger sister cities, but would eventually find herself with a large number of idle industries In case of freak legislation Buch as we may expect If Bryan is elected. Consequence on Business Feared. F. S. Doernbecher, President Doern becher Manufacturing Company. While I do not think Mr. Bryan's elec tion would produce a severe or pro tracted panic, 1 certainly do fear the consequences -of his coming Into power on all business interests. Every enterprise Is awaiting the outcome of the election, for should the Democratic candidate win the day, business will not go forward in the face of the un certainties, for the stand he has taken in many important political 'questions of the day goes to create public dis trust. He has done nothing which would tend to create confidence in his administration of the office. What we want is restored confidence and a certain basis for the enlargement of business and the . establishment of new enterprises which will come with the election of Mr. Taft. for he has already demonstrated his ability in the many important positions he has filled. Confidence Must Be Preserved. , J.'' B. Frem, Manager Fairbanks. Morse & Co. The principal thing for business houses to look after now Is to preserve our present confidence In business. Prosperity has not been lost, by any means; In fact, what little depression we may have noticed some 10 months ago has been almost wiped out by the apparent reinstatement of good times. The little prospect. If any, of a change' in our present admin istrative policy, quite effectually- re- COOKING JADE EASY NO DIRT ELECTRIC COOKING UTENSILS OF ALL KINDS When not in use, all expense avoided " by simply turning oft" the switch COFFEE PERCOLATORS TOASTERS, CHAFING DISHES, OVENS AND MANY OTHER DEVICES SEE EXHIBIT AND DEMONSTRATION At Seventh and Alder Streets Store Daily PORTLAND RAILWAY, LIGHT AND POWER COMPANY PORTLAND, OR. MAIN 6688 PHONES A 6 13 1 stored general affairs several months ago, and we doubt If but very few con servative houses are complaining seri-, ously regarding their sales volume, profits or collections and our first plans will be carried out to prepare for larger range of business during 1909, 10, '11 and '12 than we could anticipate two years ago. Would Cause Year's Dullness. Falling - McCalman Co.. Should Mr. Bryan be elected, we do not for a min ute believe that the crops would fail or business be shut off altogether, but we do certainly look for a decided falling off In business which. will continue for at least a year. This would not be due to anything that Mr. Bryan himself will do, of course, as it would come on before his Inauguration, but simply and solely to the fact that the business community, or business men as individ uals, are afraid of his policy. There fore, every man who has a dollar to in vest will hold It in a safe place until he has some Idea of the effect of Mr. Bryan's policies on investments. This, Thursday, THE- OREGON ELECTRIC RAILWAY CO. WILL OPEN ITS NEW LINE BETWEEN Portland and Hillsboro . WITH 6 DAILY TRAINS EACH WAY AND BETWEEN Salem and Hillsboro WITH" . . Four Daily Trains South Bound Two Daily Trains North Bound SCHEDULE: SOUTH BOUND. , Arriving Leaving Hillsboro. Portland.... 7:05 A.M.. 8:05 A.M. Portland :00 A. M. .10:00 A. M. Salem 9:05 A. M. (.,., . Portland 10:30 A. M.J 11 '30 A' M' Salem. i:iop:Si.4:"p--. Portland.. , Portland.... 4:35 P. M. . 5:85 P. M. Portland.... 6:30 P. M.. 7:30 P. M. Trains leaving Salem at 9:05 A. M. and 1:45 P. !.. make direct con nection at Garden Home Junction with Portland-Hillsboro train, and trains leaving Hillsboro at 8:25 A. M.. 11:10 A. M.. 1:55 P. M. and 5:55 P. M. make direct connection with Portland-Salem train. No Hillsboro Division trains will stop between Portland and Garden Home except to take on or let off Hillsboro Division passengers. Following are stations on Hillsboro Division: Garden Home Junc tion, Firlock. Whltford, Beavertcn, SC. Marys, Mortondale, Quatama. Orenco, MUkapsl, Moffat, Hillsboro. t GEO. F. NEVINS, Traffic Manager Portland, Oregon OR FIRE of course, will react on the wage earn er, and in fact, all business will be ex tremely dull for at least one year. To our minds, whether It revives after that time would depend on the way Mr. Bryan conducted himself In the Presi dential office. We hope that this ques tion is of Bimply academic Interest, however, as we certainly hope to see Mr. Taft elected by a safe majority. Would Make Business Quiet. John S. Beall, president Beall & Co. The confidence of the finan ciers of the United States has for years been placed In the doctrines of the Republican party, and as the finan cial interests of the United States prac tically control business today. It Is nat ural to suppose that If Mr. Bryan should be elected President, the financial In terests of the United States would be gin to curtail materially any business and other Investments, which would naturally have a- big tendency to make all kjnds of business very quiet for some time. Oct. 29, 1908 . NORTH BOTJN 'I.eavtnie . . Hillsboro. 6:30 A. M... Portland.... uaoA-M-jlt1;-.-.-.; 1-kk t i j Portland.... 1.55 P. M. salem. ..... 5:05 P. M... Portland r re d (Portland..., 5:56 P. M. JSalem . Arriving. 7:30 A. M. 9:25 A. M. 10:50 A. M. 1:25 P. M. 12:10 P. M. 2:65 P. M. 4:20 P. M. , 6:35 P. M. . 6:56 P. M. 8:20 P. M. POWERS' 50 Room-Size 3 Oriental patterns in tan and green. 2 Oriental patterns in green and red. 1 Scroll pattern in two-tone green. 2 Tan and red Oriental pat- . terns. ' 30 Full-Size Reg. $30 Value Spec. $17.65 5 (Lft This is the best Bed value ever offered in Portland. 'A full Brass Bed for a price it would be worth if it were all iron. Brass used in construction is first quality, and is protected by heavy French lacquer. "We have 30 of these beds, recently purchased at a great bargain. Sale lasts until they are gone. Exactly like cut. Height of head, 60 inches ; foot is 38 inches ; posts, 2 inches; top rod, -inch; filling, s-inch. "We have never before offered this bed for less than $32.00. One look at the bed will convince you. Powers' Great S9S.7 5 Read this list over carefully and you tvill appreciate the importance of this offer. Kitchen: Cook stove, a kitch en table and one chair, all of best manufacture, first-class construction and finish. . Bedroom: 1 full-size iron bed, 1 woven wire spring, 1 . mattress, dresser, table, rocker and 1 9x9 all-wool rug. Bed can' be had in white, green or blue enamel; dresser in white maple or Pacific oak, with center table to match. ' Come in and let us show you the pieces that com pose this offer. THE PERRY HOTEL Msdison St. a Boren Ave. SEATTLE Absolatelv Fire-Proof ..!!!: ;J ; European PL. ' United Wlrelesf Statioa The Bluest Grade Brery Hodera Coarealence Centrally located and commanding a view of the Olympics. Cascade Mountains. Mt. Rainier and Purat Sound- AntoJ'Bus meets trains and boats. . J.S.MclRNAN. Manager. Rugs 9x12 Regular Value $30.00 Special $1 8.80 3 Floral patterns in tan and red. 4 Scroll patterns in tan and green. 3 Oriental patterns in red and green. , 2 Oriental riatterns in tan and green. I Brass Beds 3-Room Offer $10.00 Down $2.50 a Week DISIXG-ROOM Sideboard, 6-ft ex tension table, four dining chairs, 1 8x9 all-wool rug and a BO-pIece din ner set (consisting of 6 cups, 6 saucers, 6 7-inch plates, 6 soup plates, 6 buttef dishes. . fruit dishes, 1 bread plate, 1 gravy boat. 1 covered vegetable dish, 1, pickle dish,- 6 pie plates and 4 vegetable dishes). IM TMt HEART W - iQSAllGElESOL mm RATES WiA BATH $1.50 op $1.00 and - up FIRST CLASS & STRICTLY MODERN FREE AUTO BUS iECTS.ALUJRAlN TTTTTTlir 'TJLILUILL. ens ; :S w ' tsA-rftr-. -- ip- I'd, .