I
i
r
Portland
Eeception Given
HrLB the l?1! Grand Lodge ses
sion of the Benevolent and Pro
tective Order of lilks held
cently at Loa Angel re has passed Into
hiatory. the recollections of that great
conclave continue fresh In the mlnda of
the members of the Portland herd, for
the majority of the vast throng which
attended the recent reunion has been go
ing through Portland by the thousand
en route to Kastern homes during the past
week.
With the hospitality for which Portland
and Portland Lodge No. 142 la noted, the
visiting delegations from all parts of the
I'nited States have been royally enter
tained while here. Naturally proud of
the atrer.sth of their lodge, as well as of
their handsome building and home, the
Portland Elks have lost no opportunity
of preeenting the- features to the East
erners, and In this way make good on the
hoacTs made at Los Angeles by the big
delegation which represented Portland at
the Grand Iidge meeting.
At the headquarters of the Portland
delegation at the Hotel Angelus In the
convention city the Portland Elks loot no
OTjoortunitv of telling of the vast
sources of Oregon, the beauty of Portland
and Its surrounding territory, and of the
handsome lodge rooms and quarters of
the Portland herd. In thle promotion
work the Portland Elks also presented
before the convention delegate and ex
cursionists the fact that Portland would
like to have the Grand Ixnlge reunion
In lfli
This munificent boon handed out at the
Orand Lodge reunion each year is much
sought aftr by cities In all rarts of the
I'nited States, for a Grand Lodge reunion
of the Elks Is one of the most Impressing
as well as enriching conventions of all
the benevolent and fraternal organiza
tions in the world. A city securing such
convention must be amply prepared to
handle an Immense throng, for every
member of t order who can possibly
do so never overlooks the opportunity of
being present at a Grand Lodge session.
At 1,0s Angeles the registration bureau,
where all the visiting members of Klk-
dom registered for themselves, their
wives and families. It was given out that
over 40. visitors had attejided the ses
sion. In ISIS, tn cas Portland secures
the coveted prize, this city must be pre
pared to take care of at least ?.W0
visitors connected with the organisation.
This number Is but a conservative esti
mate, for the number may Increase by
half.
At Los Angeles the leading advocates
of the presentation of the battlecry of
Portland for the Elks In 1912" were Gus
C. Moser. exalted ruler of 142; John B.
Coffey. Ralph Moody. rr. C. W. Cor
nelius. E. TV. Moore. Pr. Harry F. Mc
Kay. Henry r. Griffin. A. B. Manley.
Pneca C Beach, Otto Windfelder. J. J.
Kelly and Klmer yulmby. who consti
tuted the Portland delegation In charge
of the headquarters at the Angelus.
Portland's desire to secure the conven
tion in that year s ably presented be
fore, all of the visiting delegations, for
the principal members of the Portland
lodge paid especial visits to the head
quarters of the other delegations and lost
no opportunity In placing their desire
Vl Hon of the Benevolent and Pro- J It I iJ aZ''-'s ?? II t Blodett and Elmer Qulmby. t
Impresses
by Delegation From 142 Wai One
before these delegations. In so doing,
Portland was backed up by several
Northwestern delegates. Spokane was
the principal lodge to boost for Portland
from this vicinity, while Baker City
probably made the greatest impression
on the visiting delegations on this score
by the liberal use of the now famous
Baker City Band, which was much In
evidence at the Angel City during the
Convention.
When the 1912 boom became more or
less known throughout the quarters of
the visiting delegations, the Portland
headquarters became a most popular
place, for visiting delegates from all over
the country made haste to get acquainted
with the Portland boys and discover what
kind of a campaign they were waging.
All were greeted courteously, and when
the cards were sent out announcing the
Portland reception to be held In the
parlors of the Angelus on Wedneeday
night of the convention week, there was
such a demand for Invitations that the
Portland delegation was vastly pleased
with the prospect of an Immense throng.
Despite this prospect and the fact that it
meant considerable work, not only to the
Elks committee, but to the ladles of the
party, none shirked It for one moment,
and the able assistance of the ladies made
the reception one of the most memorable
events of the week.
Professor Carl Bronson. formerly ot
Portland, but now one of the leading
music teachers of 1 xs Angeles, volun
teered his services both in handling the
- rj T-aF I ill k VV '''-? -1 ,:.fV-.
AJ -1 -J3 ' I t 1 rrty of Portland at Snt
'"C SC I I B"rbr- rrOTn 'C 10 riht 'ey are:
X sfZiCSS yK ygvrVl y 1 k Mm. h. D. Cirifrin. Charles A. Ma- t
Ii.iJii it' T iiT "Ti mi m mm w i in limn iiF Tmll m mtrttu nmfi iu.ii J tarkeyi Mr.. K. O. Ovlatt. H. I. I j
I lS f Jr , " V'Vv J' I r-ather Lemieax. of'-A-hland; Dr.' !
i f . N - xV. i "'"V'vV JgSS31 f BinT F- McKay, of Portland, and
sA" . ! ' 1 ''i " - tifP' ! th" recPtl"' committee of the Ban I !
ff s vJ1 -' X SjLsif - SVyi 7- Joe Lodge photographed on the way 4
& ,N v I . v" - '--'r ' to the lodgeroome at the Garden City. 4
V - " tX 4 . M-V!V I . If Left to riffht. A. FX Manley, 8. J
; I ' J'V " f- 5X " i v -'J I c- Beach, John B. Coffey and Dr. C. I
' V S " I'V tiS ! W. CorneUue. In grronp photographed I
X'A - - "a M ' I ' I-ng Beach, Cal. i
S v A , 1 V . I -'-Ladlea of the Portland Rika' ex- t
4 : ' - : ' . : : -T -: : : :st a curslon entertained In an automobile I
- - - A " , ft ' ' ! 8tock,",, I
-is, - W - ? - I rhotograph of the handiome
' , ' 4" I dome of the Stockton Elks' lodgeroom T
I X 1' . -f'"5Ir 5''jSk - T ,ak b' Th Oregonlan represents- I
Nfe, Sv" ' -i it V"-" " ' " tire on the trip. t
Itself on Grand Lodge
of Events of Week, and Hospitality of
musical programme as well as procuring
a few added musical numbers. The
unanimous, verdict rendered by all pres
ent was that the musicale. and the recep
tion was one of the most brilliant affairs
of the week, and it was a week of recep
tions, too. However. Portland's success
was due to the untiring efforts . of the
loyal members of the Portland lodge who
worked hard and faithfully to produce
something which would distinguish Port
land from other events.
The Portland reception, while the big
gest event of the week, was not the only
amusing feature attached to the visit of
the Portland delegation to Los Angeles,
for. from the time Gus Moser brought
forth screams of laughter by stealing the
goat mascot of the Ashland lodge, to the
final night of parting at Los Angeles,
there were many little sideline features
which will linger in the memory of the
fortunate brothers and sisters who were
there.
The kangaroo courts- held on the spe
cial train; the visits paid Sacramento.
Stockton, San Jose, Santa Barbara and
the oil wells In the ocean en route south;
the many side trips to the many little
pleasure resorts In and about Los An
geles, and above all the courteous treat
ment accorded the excursionists by Jack
O'Neill, traveling paesenger agent of the
O. R. N. Company, who had charge
of the Portland special en route to the
convention city, all these will be remem
bered. BU11, there' la another feature of the 1
kite 1
THE SUNDAY OREGOXIAXr PORTLAND, JULY - 25. 190.
Portland Head quarters Was Greatly
funmaklng which -cannot be overlooked.
This was the photograph gallery estab
lished by B. W. (Billy) Moore at the
Portland headquarters. In fact Billy
Moore's pictures were the biggest kind of
a hit. Whenever a Portlander visited the
headquarters of another visiting delega
tion, the principal members and dele
gates from the other lodge were Invited
OREGON AS AN INVESTOR
Writer Payors Preference In Xon-Doniestic Ldfe Insurance.
PORTLAND. July 22. (To the Editor.)
In view of the charges of some misin
formed persons who cry "keep your
money at home," a very -interesting ad
dress Is. that of Robert Lynn Cox. gen
eral counsel and manager of the Associa
tion of Life Insurance Presidents of the
United States of America, relative to the
geographical distribution of investments
of old line life insurance companles:-Life
insurance has grown to an Institution of
such magnitude and -become such a
mighty factor in the financial world that
It has grown a common belief that It is
causing a depletion of the wealth of cer
tain states by the withdrawing there
from and retaining the money required
to make up and maintain the reserve
funda necessarily incident to providing
life insurance on the level premium plan.
This belief bas been particularly common
In the southern and western portions of
the United States. ..The fact that the
payment of premiums is a voluntary act
on the part of the citixens of the state
is not sufficient to overcome the objec
tion to the supposed result of the trans
action upon the locality In which they
live.
In order to shorten the tables and show
general results. Mr. Cox grouped the sev
eral states in accordance with the group
ing used In Poor's "Railroad Manual" for
the last ten years. Under the old line
basis of Insurance, a certain portion of
each premium received is set aside, into
a reserve fund. The calculations which
determine what portions of the premiums
shall be set aside assume that the fund
shall be Invested and Improved by in
terest at' given rate until needed to
Convention
Enjoyed by Delegates.
over to 142s headquarters to have their
picture taken.
In nearly every Instance those ap
proached acquiesed readily, and after
primping up and preparing for a good
sitting, the "victims' were posed care
fully, and " Brother Bill proceeded to
"shoot" the "subject." Cautioning each
to sit perfectly still. Moore would poise
his camera and on pressing the button,
a glance at the chagrined face of thi
victim told what had happened clearer
than words can relate it. The camera
was merely a prepared box and on press-
lng the button the front would drop
down, exposing a miniature whisky bot
tle, a syphon of seltzer and a high-ball
glass. "Stung ' was generally the ex
pression, and as a general rule the Port-
landers who happened to be present at
the moment would salve the wounded
feelings of the victim by furnishing him
with a "proof of the picture immediate
ly. Once stung by this means the victim
immediately trotted off to inveigle some
friend to pose likewise, and in this way
Billy Moore was the most popular photo
grapher in Los Angeles.
In various ways the name and fame of
Portland was spread throughout Elkdom.
Portland will be on hand at Detroit next
j-ear. and also at the convention city of
the following year when the scene of the
1912 grand lodge session will be desig
nated. Portland was represented at Los
Angeles by nearly 200 members of 142.
while Spokane had over 90, and 9eattle
was present about five, count 'em, five,
strong.
meet the death and other claims as they
mature. While no individual policy
holder Is entitled to any particular por
tion of the reserves, they are held in
trust for the benefit of all policy
holders until required to meet policy ob
ligations. Most states not onlv provide
by law for the setting aside of reserve
funds of definite amount, but also limit
their Investment to classes of securities
generally recognized as being proper for
the investment of trust funds. A con
siderable number of the states have gone
so far as to say that Investment of these
funds cannot be made in real estate be.
yond the amount which may be necessary
10 ttuym nume otnees ana other facili
ties actually needed in connection with
the transaction of the business of the
comrjAmes: that snnh ne , I
companies; that such funds shall be in
vested only In bonds or other definite
obligations adequately secured either by
real estate or other property of known
value. Of the companies figuring in Mr.
Cox's compilation, the investment of their
reserve funds is as follows:
Real estate $ 93.948.411
Real estate mortgage loans.... 502.185.154
Collateral loans 34.S44 154
Policy loans 185,872,929
Railroad bonds and stocks 845,115,674
State, county and municipal
bonds 49,483.615
Other bonds and stocks... 131,111.828
Cash 4tll.'l2
Miscellaneous 509,873
Total , $1,889,088,810
The largest Item on the list is that of
railroad bonds and stocks. These are
thought hy many people to be local only
In reference to the market in which such
securities are sold, and this is the ar
gument used by the "keep your money
ELECTRIC
Most Economical Incandes
cent Electric Lamp Made
40-watt, 32 - candlepower -60-watt,
48 -candlepower -100-watt,
80 -candlepower -250-watt,
200-candlepower -
These prices are the lowest
in the city. It gives twice
the light of the ordinary
incandescent lamp for
the same cost per hour.
Portland Railway, Light and
Power Company
147 SEVENTH STREET
at borne people." The people of Oregon
are crying for more transportation facili
ties and, if it is necessary for the rail
road people to dispose of their stocks and
bonds in New York in order to enable
them to complete their work in Oregon,
surely the benefit is to Oregon, and these
bonds and stocks are Oregon investments
solely, no matter where disposed of. It is
not difficult to convince anyone that a
mortgage is part .ownership of real estate,
and is & local investment a railroad
bond is really a mortgage on the rail
road. The owner of the property guar
antees to the mortgagee a rate of Inter
est, he to take the balance of the profits.
I if any. The man with the money is
content with an absolutely certain rate
of interest the man with none takes the
chance of making more, likewise the
chance of losing. The bondholder is con
tent with an absolutely certain rate of
Interest the railroad builder takes the
chance of making the bondholder's per
centage of the profits, likewise his own.
Geographically the reserve funds are in
vested as follows:
GroiiD of States.
Northwestern
Middle Atlantic
Southwestern
Pacific
Central Northern
South Atlantic
Gulf and Mississippi Valley ,,.
New England
Total
The foregoing table shows an excess
of total Investments to reserves held.
which is accounted for largely by the
investment of reserves accumulated bv
some of the companies on business in
foreign countries. The point of interest
the ratio of investments to reserves.
This computation shows the largest ratio
of investments to have been made in the
Northwestern group; the Southwestern
group shows an investment equaling 124
per cent of reserves, and the Pacific
group, 1J3. Looking at the comparative
lack of railroad facilities in all the West
ern groups, it may be on occasion for
astonishment to some that insurance
companies have invested in these states
such a relatively high percentage of
their reserves, as 204, 124 and 133, per
cent, respectively; whereas, in the stable
New England states the smallest ratio
of investments obtains, and is the only
one which does not show an investment
substantially equal to or in excess of its
reserves. This fact seems to be ac
counted for mainly by the general finan
cial condition of these states. Their citi
zens, as a whole, are lenders of money.
and not borrowers. Consideration should
also be had of the fact that the making
of loans in a given territory involves
more than a mere willingness to do so on
the part of those who have the money
to loan There must be borrowers, and
this, on the average, is what we Oregon
people are. We are all obtaining money
from the East with which to push our
new enterprises to completion, and we
will not be lenders until we are in the
position of the New Englanders, whose
accumulaons are found In large amounts
in savings banks and other financial in
stitutions, and who are satisfied to own
in entirety their farms, factories or other
properties for life insurance loans, as
previously explained, require property to
be given as security for their repayment.
Sneaking specifically of JJregon, a com
pilation of business by 13 companies op
erating m this state, developed tne tac
that during 1908 they collected $1.748.t.!
in premiums; their disbursements In the
state, including payments to policyhold
ers, expenses, taxes, licenses, etc.,
amounted to $1,168,455, leaving a difference
of $580,164 which was' sent out of the
state, becoming a part of reserves, and
ultimately returned here for invest
ment, the same companies having invest
ments ' In this state, December 31. 1908,
amounting to $10,432,108. It will take a
long while before this showing could be
made by any local company, If at all.
The building up of a life insurance com
pany Is slow, and so long as it remains
true that Oregon is a borrower, and not
a lender, it behooves us to invite the in
vestments of non-domestic life companies,
for "wa need the money." When we are 1
-5
$ .85
$1.00
$1.30
$2.50
older and in the New England rut, . wo
will have idle money, and then we can
"keep our money at home," which argu
ment as now understood and applied to
the operations of non-domestic life com
panies In the West, is utterly false and.
absurd.
H. G. COLTON.
GERMANY FORGES TO LEAD
Fatherland Now Ranks; First in
Europe as to Education.
BERLIN, July 24. (Special.) Statis
tics showing Germany's position as the
best-educated nation in Europe are
proudly published in the press here. The
Fatherland not only leads with, the great
est number of schoolchildren (9,750,000,
but with the amount spent for school '
purposes ($130,000,000). Her percentage
Ratio of
Investment
to Reserves.
204 Per Cent
ltl.3 Per Cent
124- Per Cent
123 Per Cent
114 Per Cent
111 Per Cent
98 Per Cent
63 Per Cent
Reserves.
Investments.
$ 144.S47.S2S
8!l8,77o.2.'7
17.1.778.501
S1.314.4H9
S04.SjO.SflO
101, 7H9.0fll
101.417.7R2
S0.3a3.01
t 70.978.074
5.-.O.43S.080
141.010.7.13
I5.9:.45
2ll7.S28.893
1. 534.049
. 103.71 1. 11.18
129.490.57B
$1,420.92(1.738 $1.889.088,810
of Illiteracy. 1-20 of " 1 per cent, is the
lowest in Europe.
More than half the recruits for Con
tinental conscript armies can neither
read nor write. In Bulgaria the percent
age of illiteracy among recruits is 62, in
Servia and Russia 62, In Portugal and
Spain 70, and in Roumania 75. North
western Europe, Inclusive of the British
Isles, is vastly the superior of the rest of '
Europe in educational attainments, its
percentage of illiteracy being only two
against Western Europe's 13, Southwest
ern Europe's 30 and Eastern Europe's 65. j
Apart from Germany, Protestant coun- I
tries reveal a very limited and Roman j
Catholic lands a very heavy percentage j
of illiteracy. One-third of Germany's I
population is Roman Catholic.
France shows the greatest progress in
the combating of Illiteracy. In 1872 the
number of French army recruits who
could neither read nor write was 19.13
per cent. In 1890 the percentage had
been reduced by half, and by 1905 it had
sunk to 4.63 per cent. No other coun
try aproaches that record.
MILLIONAIBESJUD YOUTHS
Great Recreation Grounds to Bo
Given to Combat Nervousness.
BERLIN, July 24. (Special.) To com
bat 'what is described as the growing
tendency to nervousness upon the part
of German children," a number of mil
lionaire captains of industry propose to
erect a series of great recreation and
athletic grounds throughout the country,
particularly in the cities. They intend
to form a "National Sfport and Recrea
tion Association for Boys and Girls,"
which shall build and maintain large,
light and airy gymnasiums and campuses,
where children may ride, drive, jump,
garden, carpenter, farm, fence, swim,
skate and toboggan.
It is characteristic that facilities for
enabling children "to play at war" are
among the advantages to be offered
them. Each sport Inclusive of the war
game, will be under the superintendence
of a skilled Instructor, and each of the
"plants" is to cover an area of 50 or 60
acres.
Nervousness among the children in
Germany Is increasingly taking the form
of suicide. It is no uncommon thing for
youths aged from 10 to 15 to take their
own lives. Pressure of school work and
shame over Inability to make) the ex
pected progress are the most frequent
causes. The German scnoolcnuu is no
toriously overworked.
r