The Sunday Oregonian., January 21, 1912, SECTION THREE, Page 10, Image 44

10
TIIE SUNDAY OREGOMAX. PORTLAND, JANUARY 21, 1912.
BLOW IS AIMED, HI
LOAN SHARK EVIL
Business Men, Moved by
Losses Forced Upon Needy,
Act to Curb Practice.
INTEREST IS EXORBITANT
JVrrower, Often Pay Principal on
I man Three or l'our Times and
Still Owe race Value of Xotf.
Investigation Planned.
Stirred by information that hundreds.
perhaps thousands, of Portland waa
earners are In the grip of loan aharks
and are paying yearly. In the aggre-
irate. many thouaanda of dollar In ex
tortionate fees, a coterie of attorney,
hankers and philanthropists are ma
turing; plans whereby they hope to
make the business a thins; of the past.
Full publicity as to the methods of
the sharks, free defense of the victims
In court and well-restricted financial
assistance to needy borrowers are.
a mo n it the weapons which will be
used.
So well guarded wjth secrey are
the actlrltles of the money-lendera that
there are few cases where their meth
ods have become known. to Iron
clad are their written Instruments that
It la seldom necessary for them to (to
to court, and when they do the face of
the pleadings tells nothing of the -Inner
facts, unless the defendant, hound
ed to the last ditch, elects to fight and
telL his story to an attorney.
Heavy I mmrr Praelleed.
In the few cases that hare come to
light the facts are astounding. One
rase, recently reported, showed that
the borrower. having taken $30. paid
119 and still owed the face of the
note with Interest. In another the
victim, to obtain 1100. save his note
for 133. paid t0 and still owed $220
The method by which these figures
are pyramided have been revealed In
a few rases. A man who Is forced to
meet sickness or death In his family
and has no credit, visits the loan
shark, who seldom appears as acting
for bimself. A second man. really a
partner In the business. Is the capital
ist, whom the agent must "Induce" to
advance the money. For his stupen
dous efforts in doing so the agent
charges a fee fur brokerage, some
times up to one-third of the amount
of the loan. This Is added to the
actual sum In the body of the note, so
that If ISO is borrowed the note will
acknowledge the receipt of ISO or even
$75. Interest on this Is placed at 10
per cent, ostensibly for a year, but
actually for the month.
Cmmrl Rnwrt lafreaweat.
The note Is made payable at the end
of a month, but If the borrower Is not
ready at that time, he may renew the
note, paying again the "brokerage"
fee or Insurance against loss. All the
time the face of the note remains un
paid and the money handed over re
duces it not a whit, simply going to
keep the borrower for another month
In possession of his beds and wash
tuhs. hypothecated for the loan.
Sometimes the borrower will tire of
these endless payments and will cease
making them. A complaint la (lied in
Justice Court, setting forth thst he
borrowed ISO. which remains unpaid,
with interest and attorney's fees. For
the lender always stipulates that If
legal action la necessary to collect the
noco a reasonable attorney fee may be
added.
Court suits are less frequent be
cause the chattel mortgage always
provides that the mortgagee may en
ter the premises and take posaesslon
without legal action, and this la some
times done, where the victim Is not
lully Informed of his rights.
Heeerd la laveatlgated.
That the hazards of the business,
pleaded by the money-lenders aa the
excuse for their exorbitant charges,
are not nearly so great as represented
haa been demonstrated bv recent In
formation. The fact Is shown to be
that the applicant Is as carefully
looked up as if he were asking credit
at one of the department stores. There
must always be a hypothecation of
property or an assignment of wagra
or some assurance that the borrower
will be able to satisfy the claim.
One firm has associated with It the
head of the credit department of a Mg
commercial hone. This man uses his
position with his firm to gather infor
mation and. by the comltv existing
eeiween merenanta. nas only to tele
phone to the various retail dealers to
learn what the standing of the appli
cant Is. Other lenders have similar
connections.
Vlethnw AM Sellr1te4.
With all these precautions It Is pos
mni to cnecs. the accountability of
tne applicant thoroughly and bad loans
sre far less common than their makers
wonin nave believed. Yet a fee of
never lesa than 10 per cent a month
is loaded onto the loan to cover the
uncertainties.
To combat this condition those Inter
ested will attempt to effect an organl
xation. Tne details are In the bands
of Attorney Ttoacoe Hurst, who haa
been moved to action by bis own ex
perience with clients who have been
victims. I'ata to work upon will be
sought bv a general call on those who
have suffered to come forward and re
late their experiences. Those who are
still In the grip of the sharks will be
offered legal assistance to combat the
claims. The facts gathered, withhold
ing the names of the borrowers when
desired, but giving the names of the
lenders, will be offered the pubjlc.
Kecosmzlng that there Is a real de
mand for emergency loans not within
the scope of reputable banks, the sup
porters of the movement are seeking
to organise a loan club, with a capi
tal of about $20,000. to be advanced by
philanthropic citizens. By payment of
a small fee sufficient to cover the cost
of Investigation and managem-fit.
needy persona coulfl obtain loana from
this fund at slight expense. The pro
posal has been commended by several
men of business, who will lend hearty
support to the movement.
a stone JalL bought a modern street
sprinkler, the first one In Central Ore
icon, and purchased f Ire-fighting appa
ratua. The latter Includes a double
cylinder chemical engine.
The city haa also furnished the stone
for the new Oregon Trunk and Des
chutes railway depot.
Recently the city sold bonds to the
amount of 327.000. with which to put In
a water system. When completed Red
mond will have one of the best water
systems In Central Oregon. Thirty
hydrants will be Installed and the
pressure for fire purposes will be S4
pounds.
Within the past year two modern
churches have been built, and a large
amount of sidewalk laid.
The present charter of Redmond al
lows but three saloon licenses until
the town exceeds 1400 population. Tha
population has grown in less than two
9 tw-t" -rer.iter eryy 1 i'wi e
i I I :
el. A- .T 5 . v..-'i
- . m
Is V . "1 "
l,1s K. "wetland. Who IMed In
Pnrtlaad I .est Week After
Leas? Illaeaa.
years from 17$ to nearly 000. H. F.
Jones is Mayor. He was elected De
cember (. 1910. for a two-year term.
EMPI.OYKS OP I.OUIS K. SVET-
LND ARB PAI.L BEARERS.'
REDMOND STRIDES AHEAD
Population Crows In I-rs Than Two
Year Krom I 79 to tOO.
RKDMOXP. Or, Jan. 10. (Special.)
Though Redmond will not be two
ears old until next June, this city
ras witnessed remarkable progress n
r ery line of Industry.
inre Its incorporation Tledmond has
graded Its two principal streets, built
Portland Business Man Known for
His Progressive Spirit and
Civic Loyalty.
Six of Ilia oldest employes were pall
bearers when the body of Ixuls K.
Swetland. a Portland business man.
waa burled Friday afternoon at River
view Cemetery, following a service st
llolmao's Undertaking chapel by Dr.
J. H. Boyd, pastor of the First Presby
terian Church. The pallbearera were:
Norman Stewart. Uoyd Jones. Carl
Taylor. Ixy Tount. Carl King and
Samuel Bader.
Rev. C C. Hartck read the graveside
service at which a large number of
the friends snd relatives of the dead
man were present. His father. Ed
win P. Swetland, waa 111 and unable to
be present.
Sir. Swetland died Tuesday, and for
three days the Swetland store waa
closed In deference to the feelings of
his family.
Relatives have learned that for some
time Mr. Swetland had been practicing
benevolence on quite a large scale, the
extent of which was quite unknown to
his family. His position In Portland
wss that of a progressive business man
and hla support to meritorious city
schemes was generous. -
The late Mr. Swetland was the son
of Edwin P. and I.aura Q. Swetland and
was born at Springfield, Mass.. Septem
ber 17. '17. It was at Springfield
that he obtained hla early education.
With his parents he moved to Fort-
land In 18SS. where, with his father.
he started In the restaurant business
the following year. He was married
In 1X91 to Abhy James and Is sur
vived by his widow and one son. How
ard, aged li years, as well as his par
ents and his brother. Lot Q. Swetland.
Mr. Swetland's Illness has extended
over the last eight months. He was
both respected and liked by his em
ployes, some of whom have been with
him for the whole of the 25 years he
has been engaged In business in this
city.
jzmwr . . Swefrx. 34th
i i -if Mi.i wfi at. m t: , tr w n. w a, -v tl r .1 m
mm 50c ,. xiutmm
i.,3!Ti T T - .
$1.25
Cash
a
Week
Great Table Bargain
There is no need of any family going another
day without one of these Dining Tables. Pay
$1.25 cash and 50 cents a week. Solid golden
oak, extends to 6 feet and is 42 inches in
diameter. January Sale Price. .. .$12.75
1m iStof
Ml ijm uu .iff swv arch
L "
A
nnua
1 Sal
This Three
Room Apartment
r$75
Real price reductions from our regular low prices mean
P more than you can realize unless you make a comparison.
v e know that other stores get an av
erage of 10 to 25 per cent more for
merchandise than we ask. We know
that some of them mark up the prices
before they reduce them for a sale.
Let us estimate on your bill.
Edwards'CreditPIan
hoes it make any difference if you trslde at Ed
wards' or some other placet Yes, it does. You
irmy find elsewhere finer stores, beautifully illu
minated, high-toned salesmen everything calcu
lated to make your buying easy and smooth. But
if you meet with sickness or misfortune, you have
to see the credit man, who gets a large salary for
pressing you to the limit on your payments. Ed
wards has no credit man. You make your own
terms, and will receive most liberal treatment.
$7.50
Cash
and $5
a Month
S3
$5 Cash, $1 Weekly
range makes cooking an absolute pleasure, but the Mon-
Malleable mates it mucn easier, ana it wiu ao wixn
bird less fuel and why?
First It requires no blacking; has a
polished top. Just keep it wiped off with
a cloth.
Second It will heat and bake almost as quick
as gas. AVith a little kindling and a few chunks
of coal you will have a redhot stove before you
can get dressed in the morning.
Third It is absolutely airtight, controlled by
a duplex draft, causing it to consume all gas as
it generates, thereby saving one-third the fuel.
YOUE OLD RANGE OR STOVE TAKEN IN PART PAYMENT
Sale of High
Grade Din
ing Chairs
$3 Grade at
$1.95
Solid oak with Real
Leather box seats. Do
not overlook these if
you need chairs.
Inlaid Linoleum $1 Yard
Bring in the size of your room and get a
linoleum worth $1.50 for $1. This is a rem
nant sale and those who come early will not
be disappointed.
mm
jVQoo d Place TbTra de
PLAY'S CAST UNIQUE
'Uncle Tom's Cabin" to Have
Galaxy of Stars. .
HEILIG TO SHOW FOLLIES
Prodnrtlon to Be Staged Here Next
Thursday Evening Is Under Di
rection of Managers of The
aters of Portland.
WHITMtX mi.LKfiK t.RtOi:.
AT: HOORKU BV OKKOON
A(.RICl LTl KAL COLLkXiK.
- j
Calvla C. Tkeasaeoa.
OREGON' .IRICl'LTURAL COI
I.K51i Corvallls. Jan. 10. Calvin
I. Thomason has been elected by
the board of rea-ents to a position
in the extension dlviaion of
Oregon Agricultural College.
the t
lie I
I will be a member of the exten- i
slon start, whlcn has been late-
f Iv oricanlzed under the direction
of .Iph D. HetxeL He will de-
7 vote his i.me prlnclpallr to the
I orranlxatlon of Induntrlal arhool
I fairs snd the promotion of agri
cultural education In the schools
throughout the state. In this
work he will be under the Imme
diate direction of State Superin
tendent Alderman. He will travel
Into every county of the state
and aid the school authorities In
the organisation of the Industrial
school work and the promotion
of the general Industrial school
fair and the establishment of
ik ho . I gardens. Mr. Thomaaon is
t a graduate of Whitman College.
T where he took hi
degreei with
the class of 10. Since his
graduation he has hern active In
Journalistic work throiiKhout the
state, lie haa. at various times,
he-n located at I- UranJe. Pen
dleton. Salem and Portland.
"L'ncle Tom's Cabin." as it should be
played. Is one of the treats that will
be handed out at the First Annual Fol
lies st the Hcillg Theater next Thurs
!sy evening, under the direction of the
msnagers of the various theaters of
Portland.
Tncle Tom" will be demonstrate.!.
But that time-honored playlet has
never before had such an interpreta
tion as It will receive when the man
agers of Portland's theaters get at It.
Tha play Is to be made a vehicle for
the demonstration of Ideas as to how
hundreds of artists have Tailed to
"make good" In the past. There will
be real bloodhounds from the pack
kept at the Salem penitentiary, real
ice and snow and real actors In the
various parts.
Caat la Rotable One.
Aa planned, the cast of characters
will be: L'ncle Tom, Frank Coffin-
berry; Uttle Eva, Qeorge U Baker;
Tonsy. Iarry Keating: Massa Shelby,
Milton Seaman: Kllxa. Calvin 8. Heilig;
Marks, the lawyer, John F. Cordray;
StClalr, William S. Pangle; Simon Le
gree. "Jack" Johnson; Auctioneer,
Charles N. Ryan: Miss Ophelia. Dan
Flood.
Calvin S. Helllg. as "Elisa," will
represent a dignified and unemotional
representative of the part. Mr.' Helllg
has contended for years that Kllxa was
a misunderstood young woman, and
that If she had half a chance she would
have escaped over the ice and been able
to throw pepper in the tracks of the
hounds which were set on her trail.
Mr. Helllg Is known as one of the
most dignified members of the theatri
cal profession by those who do not
have the pleasure of a better acquain
tance than contributing 12 to his box
office. But In reality Mr. Helllg has
numerous ideas as to how the great
people of the stage should act their
parts. Some of them should be as
sasslnated. as Legree ("Jack" Johnson,
of Psntages) will dispose of Frank
Cofflnberry tof the Orpheum). Others,
he contends, should have been starved
to death In their early youth.
Baker Haa Artist's teal.
Oeorge L. Baker will be an "Eva"
that will make the original ashamed of
herself. Mr. Baker is built for the
I art. He Is but six feet in his stock
ingsand then some. He has a chlld-Ish-IIke
voice that will appeal to every
person In the audience, and then he la
full of that which balks all theatrical
managers artistic, temperament. Mr.
Haker will be given the star's dressing
rcotn without question. No one Is big
enough to dispute the claim.
For about !S years Larry Keating.
uf the Lyric, has been Imbued with the I
Idea that he Is the best "Topsy" that
ever happened. Larry Is going to be at
the Follies with all of his new stunts,
and will have his running mate, Dan
Flood, right alongside.
"Jack" Johnson, of Pantages, has a
new wrinkle for "Legree." the slave
driver. He says ha Is going to secure a
cat-o'-nlne-tails for use on Uncle Tom.
John Cordray needs no Introduction
to the Portland public. Mr. Cordray
has always been a member of the So
cialists' party In good standing. He
is for Statement Number One, and be
lieves In the unlimited coinage of
passes at the ratio of 100 to 1. As
"Marks, the lawyer." Mr. Cordray ex
pects to score the triumph of his ca
reer. New Features Originated.
The First Annual Follies probably
will have a number of other features
that will be worse than "Uncle Tom's
Cabin." Some of them will be a lot
better.
But the managers' association re
fuses to divulge the full extent of its
Iniquity.
They stand on the proposition that
the Follies at the Heilig next Thurs
day night will be the biggest and best
show ever given In the city for 11 for
any sent in the theater. Professional
talent will e there In abundance, and
there will be a number of. local acts
that will make It a hit, spelled with
capital letters.
SURVEY IS SECRET
than 100.000 acres of timber owned by
these Interests.
Engineers Begin Work on Elec
trical Line Near Lebanon.
PROMOTERS' NAMES DARK
MONETARY PLAN IS TOPIC
Kdward Cooklngham Addresses
Credit Men's Association at Dinner.
. Edward Cookingham. of the Ladd &
Tilton Bank, addressed the Credit Men's
Association, at Its monthly banquet at
the Bowers Hotel, Friday night, on
"Needed Monetary Legislation."
Mr. Cookingham reviewed the pro
visions of the proposed Aldrich cur
rency bill and pointed out what he
considered as Its good points, and the
reasons for believing that it will solve
the most of the currency problems that
confront the country at present.
Mr. Cookingham had spoken a num
ber of times on currency reform, but
as many of the business men had not
yet been able to hear him, the Credit
Men arranged for him to discuss the
subject before their association.
About 90 members of the association
attended the meeting.
Ownership of Large Tracts of Tim
ber In Cascade Mountains Leads
to Belief That Hill Interests
Are Back of Troject.
LEBANON, Or Jan. 20. (Special.)
Lebanon and vicinity has the electric
railroad fever in earnest this week
prompted by the opening of engineering
headquarters here by K. S. Clark, and
a crew of ten assistants from Walla
Walla. No advance announcement of
the coming of the engineers was given
out.
They have rented quarters for their
head office in this city and have made
arrangements for board for some time
and immediately began the work of
surveying. Mr. Clark declined to give
out any Information as to what purpose
the survoy was being made for, other
than it was for an electric road up the
South Fork of the Santlam. No news as
to the promoters of the project was glv
en. but it is known that Mr. Clark and
his assistants have done considerable
surveying and engineering work for
big concerns in the Northwest.
There Is a strong belief here that
the surveys are lrr the Interest of the
Hill lines, now backing tne Oregon
Electric which is being limited south
from Salem on the Eugene extension of
that road.
The Northern Pacific Railroad Is the
owner of a large tract of timber lands
In the Cascade Mountains and the Hill
people own a large body of the Wil
lamette Valley and Cascade Mountain
wagon road grant which is also a fine
body of timber, making a total of more
A BLOOD MEDICINE WITHOUT ALCOHOL.
Recently it has been definitly proven by experiments oa animals that alcohol
lowers the germicidal power of tha body end that alcohol paralyses the white cor
puscles of the blood and renders them unable to take up and destroy disease germs.
Disease germs cause the death of over one-half of the human race.
A blood medicine, made entirely without alcohol, which is a pore flyceric ex
tract of roots, such as Bloodrcot, Queen's root, Golden Seal root, Mandrake and
Stone root, has been extensively sold by druists for the past forty years as Dr.
Pierce's Golden Medical Discovery. The refreshing influence of this extract ii like
Nature's influence the blood is bathed in the tonic which fives life to the blood
the vital fires of the body burn brighter and their increased activity consumes the
tissue rubbish which has aooasoalated during the winter.
Dr. K. V. Pierce, the founder of the Invalids' Hotel and
Surgical Institute, and a physician of large experience and
practice, was the first to ssake up an Altbsativh Extract of
roots, without a particle of alcohol or narcotie.
"It is vha the rraatest of pUaaom. that I write to bt voa know of
the greet benefit 1 mived Iran the dm of your BsKcDa and atf
traatmeat at hone," write Mas. We Uwrma. ot Ladmnrui. H.C. "I eaf
ferad for thvaa rears tram a maaaig son. Conealtad nnr doc to., but
they failed to need or eia nhef. Phiaay I waa Sold I was ha - imtr
Ooo and would have to so It a aMoaJM ecaMamtng Bay ear. the the
dead bone Brass be cot oa befora tta irond would heaL A kand frlasd
adriaad me to write to Dr. Pierea, which I did. and af (ar seven moats'
aa of the treatment the sora i baaled. and I enjoy better healta than I
erardid. I drnd th wound wtth Dr. Ptaree's AH-HeaHn Salv asd
tank the Golden Mntal Dtaeowr' and 'Pleasant Pellets' for say
trouble. I shall alway raconunend yoer medldnea.
Dr. Pierce' Pleasant Pellets resnlate liver and towsan. . ,
Has. Haras.
Southerners Have Reception.
Portland Daughters of the Confeder
scy, in conjunction with the Southern
Society, held a reception Friday night
in the Klizabeth room of the Imperial
Hotel, that was attended by 200 mem
bers and Invited guests. Under a can
opy of flaps the officers of tho organ-
izations received their guests and those
especially honored were two Confed
erate veterans. Captain If. H. Duff and
John S. Roundtree. The programme
consisted of a short paper on General
Robert E. Lee, by Mrs. George H.
Stovall, and an address on the same
Confederate hero by Judge Samuel
white; an address on General Stonewall
Jackson, by Judge Johnson, and music.
During .the evening light refreshments
were nerved.
1
RTH
WHAT IS W0
HAVING
IS WORTH THE ASKING
I ASK FOR YOUR
DENTAL WORK
With the full as
surance that if
my request is
granted you will
be as well pleased
as I am-TRY IT
DR. B. E. WRIGHT.
My work certainly possesses merit or else I would
not number amongst my jatrons some of the best
families in Portland. '
My patronage from all parts of the state, constant
ly increasing, is the result of a good word from for
mer patients. Out-of-town people receive prompt at
tention, no vexatious delays.
Our Bridge Work is unexcelled and will be found
just as serviceable as your natural teeth. Gold and
porcelain inlays that are perfection, while our plate
work is a delight to elderly people.
If you need work, let us furnish you an estimate.
DR.B.E.WR
GHT
AND ASSOCIATES
3424 Washington Street, Corner Seventh
OFFICE HOURS: 8 A. M. to 6 P. M. Sunday: 10 to 1
Phones: Main 2119, A 2119
Seventeen Years' Practice in Portland