THE 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
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Exactly like cut. Height of head, 60 inches ; foot is 38 inches ;
posts, 2 inches; top rod, -inch; filling, s-inch. "We have
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Powers' Great
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5
Read this list over carefully
and you tvill appreciate the
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Kitchen: Cook stove, a kitch
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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
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. J.S.MclRNAN. Manager.
Rugs
9x12
Regular
Value
$30.00
Special
$1 8.80
3 Floral patterns in tan and
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4 Scroll patterns in tan and
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3 Oriental patterns in red
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2 Oriental riatterns in tan
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Brass Beds
3-Room Offer
$10.00 Down
$2.50 a Week
DISIXG-ROOM Sideboard, 6-ft ex
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1 covered vegetable dish, 1, pickle
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IM TMt HEART W -
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WiA
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