V
PUBLISHES FULL ASSOCIATED PRESSMCPORT
VOLUME LX1H, NO; 28
ftlt
COVERS THI MORNING FIELD ONTHC LOWER COLUMBIA
ASTORIA, OREGON, TUESDAY, DECEMBER 31, 1907
PRICE FIVE CENTS
fiBET TAFT
WITH CHEERS
Referred to as the Next
i President.
BOSTON GIVES WELCOME
Banquet at the Somerset House
Closes Strenuous Day
for Secretary.
ADDRESS MINISTERS MEETING
Shakes Hands With Jtwt tad Then
Delivers Address Befort Bottoa Mer
chants' Association Taft Doeta't Be
lieve En Govcrament Owaerthlp,
BOSTON, Dec 30Greeted with
ehecrt th "Next president of the
United Stat," a toplo "which ha care
full avoided in lilt own remarks, how
ever, ?ecrelary Taft tonight dellvorej
hi first speech lne lilt globe-trotting
(our at th annual banquet of the Bos
ion Merchant' Association at the Hotel
Somerset.
The banquet dosed a ttra'iuout day
tot the Secretary, during which h de
livered a brief addre to 400 minister
In the morning, attended a reception and
poke More gatlierlng of Jew In the
afternoon. An the Secretary roeo to
speak lonluht all the guettt stood up
with him and filled the air with long con
tinued cheer. - .
Oalla for "Three eheert for Secretary
Taft, next president of the United
State," were heartily responded to.
Secretary Taft then delivered the fol
lowing epeeuh which wa read (torn
manuscript, making no reference to hie
own candidacy for the presidency or
other topic t
"Gentlemen of Uie Merchant and
Manufacturer' Association, of Boston
I Mil glad to 1 here,, ,
"For more than two year I have keen
trying to accept your kind invitation.
I do not feel strange In this New ' Eng
land company. My father wa born In
Vermont my mother wa bora in Boe-
ton; my two jrrandfatlior were born In
Mendone, in Worcester county. Much of
my boyhood wa spent in Millbury, and
I wr educated at Vnle, While I cannot
-claim to lie one of you, I like to boattt
that 1 lmve enjoyed the good influence
of the ame tradition. .
"I had expected to talk to you about
the riiilipplnc tonight.:,- That was one
of the rcasona wliy I accepted the Invi
tation so lightly, it la a subject easy for
mo to talk about. It may be it it get
ting a little ttale. For instance, I have
found that one of tho best methods of
discouraging my friend, the corre
spondent of the press In Washington,
from pursuing cmlwrrjuwlng inquiries
Into other matters, Is to Insist on discuss
ing with thom for publication' interest
ing phase of the Phllippino situation.
They leave forthwith. Bujt I had tup
posed that however dead the islands
way be m a topic Inviting discussion
nd attracting attention elsewhere, one
could rouse some excitement over it,
still in Boston. I have been warned,
however, that here, too, there were sub
jects more absorbing, at least for busi
ness men, So when 1 1 we honored by an
invitation for this morning to address the
ministers of Boston, whose profession
.carries them naturally In a considera
tion of other words, I said my say In
respect to the Philippines and the
4o me very absorbing national pro
blem, which I hope and believe we are
working out euocesfully. It follows that
for this company, I mut find another
eubject. '" ! ; '!" v f '
"During the last three months the
country hoe suffered if ram a severe mone
tary panic. Even yet the clearing house
certificate linger in your bank ex
change a einplmUo evident i itet
severity and of tlie extreme measure
which had to he taken to avoid greater
disaster, Doubtl many of my bearers
lmve not yet recovered from the Intense
nervous strain and mental suffering to
which (liny have been subjected sine
the middle of October. The paolo hat
been given a certain political bearing
and importance. For tbla reason I have
fleet! for my topic of tonight "Th
Panic of 1007, its Cause, Ita probable
effects ami the relation to It of the poll
cl of the National Administration."
"What did cause the panic t Writers
on financial subject who nave given
their llvit snd constant attention to
mater of this kind who are able to In
stitute a comparison of Uhe present
psulo with previous panics, and who are
entirely famlllari witty Uie conditions
preceding all of them, substantially
Kre upon the cause, "
"Panlo and industrial depressions art
the result of the characteristic of feu
nmn nature, which manifest themselves
la business and elsewhere, The world
generally baa a certain amount of loan
side capital available for new enter
prise or the enlargement of old one.
In periods of prosperity, tbla capital
with the instrumentalities for enlarging
it potentially by credits I put Into new
enterprises, which are profitable and the
increase In free capital goes on almost
in arithmetical progressions. After a
time, however, expense of operation
and wages Increase and the profit from
the new enterprise grows smaller. The
loanable oapltsl gradually change Its
form into investments Ice and less con
vertible. Much of that which might lie
capital Is wasted in unwise enterprises
in extravagance In living. In iwart and
absolute destruction of property, until
the available free capital becomes well
nigh exhausted the world over and the
progress of new enterprises must await
the savings of more, Men continue to
(Continued on psge 2)
SESSION IS CALLED
Governor Sparks Issues Call for
Legislature.
DELUGED WITH TELEGRAMS
CiUient Send Many Messages Urging
Nevada's Chief Executive to Find Some
Way of Settling Labor Troubles-
Troop Will Stay Three Weeks.
CARSON CITY, Nev., Dee, 30.-3over.
nor Kparka today called an extra sos
sion of tho legislature to convene Janu
ary 14. For the last 24 hours the Gov
emor ha been deluged with diapatchei
from alt over the state urging the call
ing of an extra session to settle the
labor trouble.
, GOIdFIELI, Nev., Deo. 30-Acting on
the suggestion "of prominent citieent
here, Captain Cox, who is representing
Governor Sparks here, advised the Gov
emor this morning that two cull com
panics of Federal troops would be ample
for the situation, and advised that he
excuse the remainder now here from
further service In Nevada, Temporary
barracks mill be erected for those who
remain, i .
DENY PRIVILEGE.
Canadian Government Refuses United
States Officer Courtesy.
, VANCOUVER, Dec,N80. The prlvl
lege of witnessing the examination at
Victoria by Canadian officers of Japan
ese Immigrant bound for the United
States via Vancouver has been denied
United States Immigration officer. The
withdrawal of this privilege, following
the complaint of the Japanese consul at
Vancouver because American officers re
fused to examln at Vancouver, American-bound
Japanese, ha Inspired the
question whether Canada withdraws the
courtesy at the Instance of the Japanese
government.
Ullll WILL
IH GOOD
Gives Notice He Will Pro-
tect Depositors.
GUARANTEES PAYMENT
Pioneer Banker Makes State
ment to Associated Press
Last Night
WILL MAKE DEFICIT GOOD
Under Direction of Court Will Take Over
Assets and Realize on Them as Fast at
Practicable Detailed Statement Will
be Made Later,
PORTLAND. Dee. 30.-In a statement
to the Associated Pre tonight, William
M. Ladd, head of the banking firm of
Ladd & Tilton, make known bis inten
tlon to assume he obligation of the
defunct Title Guarantee & Trust Co.
and guarantee the payment in ifull of
all depositor. Ladd ivrat at one. time
president of the Title Guarantee & Trust
Co. and at the time it failed the bank
was using stationery bearing his name.
A large number of depositors have, since
the bank's failure, declared they patron
lied the institution under the assump
tion that Ladd was still at It's bead.
Hie statement given the Associated
Press by Ladd is a follows:
"The plan will probably be under the
direction of the court to take over the
assets and realize upon them as fast as
practicable for the best interest of all
concerned, and distribute the dividends,
and whatever deficit Wiere may be I will
make good within three years from now.
A detailed statement of my plans will
lie laid before the court later."
Next Monday the first steps toward
prosecuting the officer of the bank crira
inally will begin. District Attorney Man
nlng has already drafted the papers and
by the time the cases are set for trial,
the Tcporte of the experts will be coin
pleted. 4
PHYSICIANS QUARANTINED.
Sayt
Give Are Held Because a Sixth
' Case is Smallpox.
CHICAGO, Dec, 30. Five physicians
were held five hours in quarantine in t
building iu South Chicago yesterday be
cause of a diaimosig .by a sixth that a
patient wae suffering from smallpox.
While the patient waited to be re
moved to tlie isolation hospital police
men outside rofused to permit anybody
to enter or leave the building. The five
quarantined doctors insisted that the
patient had chicken pox.
Tlie policemen finally asked a physi
cian hvith offices in another building to
decide and he said it was a case ' of
alilcken pox. Then the quarantine was
removed.
BANK WILL REOPEN.
Oregon
Trust & Stvingt Bank Will
Effect Merger,
PORTLAND, Dec 30, The Oregonian
tomorrow will sayt Unless present plans
miscarry, the Oregon Trust 4 Savings
Bank which failed August 21et for
nearly $2,500,00, will be reopened by the
German-American Bank of this city, and
merged with tie latter institution. The
plan is said to hinge' on obtaining an
order from the courts which will enable
the German-American to pay off the
Oregon Trust depositors in installments,
8. G. IReed, treasurer of the Portland
gonian states, has been offered the presi
dency of the bank. . , ' -
UPHOLD SALOON.
in
the au-worker
Declared to be Ethkal Necessity
Great Cities.
CHICAGO, Dec 30-The Sunday sa
loon mm indorsed yesterday at the Sun
day set-ion of the National Ktlileal Con
vention. .
Enthusiastic applause from
dienoe of social settlement
greeUd the pronouncement a in favor
of allowing the "poor man" to have
"his club" tlie saloon on Sunday, at
well as on the other days o the week.
Dr. Emil G. llirech, of Chicago, snd
Prwf. Nathaniel Schmidt, of Cornell Uni
versity, were the sjieaki rs who had good
words to say for the operation of sa
loon on Sunday. It wa as an ethical
necessity' not an ethical ideal, that the
Sunday saloon wa defended and favored
by the delegates. The speaker pointed
out that those who were advocating the
suppression of the Sunday saloon in
Chicago are unable to offer anything to
take its place. Urtil tbey can do so, it
mm argued, the Sunday saloon should
be tolerated if not upheld a one of the
necessities of modern life in great
cities. :' - - v '. -
t
COLLIDES WITH" SHIP.
Towboat Cut in Two in Portland Harbor
But Crew Escapes.
PORTLAND. Dec. 3ft The river
steamer Annie Comings rsn into a ship
anchored in the lower harbor, In this
city about 0:30 tonight, and sank in
three minutes. The crew is said to have
escaped. The Comings was a towboat
and carried no passengers. The vessel
wan the French bark Europe anchored in
the stream opposite St Johns. The pilot
of the Coming undertook to cross her
bow but underestimated the strength of
Uie current and tlie steamer ewept
broadside across the Europe's prow. The
Coming was cut in two, and the crew
and cook, a woman, of the Comings,
clumbored up the anchor chains"onto the
deck of the Europe.
HAROEN CASE CLOSES
Judgment Probably Rendered on
Thursday Next
COUNT WAS NOT ABNORMAL
Von Moltke Takes Stand and Denies
That he Used Cosmetics to Beautify
Hit Appearance Kissed Handkerchief
Belonging to Zu Eulenberg.
t
BERLIN, Dec, 30,-The taking of
evidence in the Harden case, came to
an end th'w aifternoon and the case ad
jounuM. final pleadings will occupy
tomorrow and judgment will probably
be rendered Thursday. After consider
able evidence regarding the hysterical
nature of Mrs, Von Elbe, tlje physician
attained to the law courts gave expert
opinion that there iwaa not the least
foundation for the charge of abnormality
against Baron Von Moltke, Count Kuno
Von Moltke then took the stand. He
denied using cosmetic to beautify his
appearance. He explained the handker
chief episode by saying that owing to
his wife's jealousy he had refrained
from going to Zu Gutenberg's house.
After a scene with his wtfe one day he
picked up a handkerchief belonging to
Zu Eulenberg and kissed it in an affec
tionate manner, to eee whether this
would provoke an outbreak of jealousy
from the Countess. Dr. Magnus Hirsoa
field who at the but trial swore Von
Moltke was abnormal, was severely cross
questioned today and withdrew bis prev
ious statement. ,
CROWD THE COURTS.
SPOKANE, Dec. 30.-The 218 saloon
keepers who were arrested for Sunday
law violation appeared in court - this
morning to he surrendered to their bonds
men. Appeals and an application for f
writ of habeas corpus were denied by
the superior court. The saloonmen are
ready to go to jail, expecting to over
crowd the city's accommodations. The
court postponed action until Friday.
JURY MS
TRUE BILLS
Frenzied Bankers Charged
With Embezzlement.
TREADWELL I INDICTED
Director of Alaska Fame Comes
Under a Ban of
Jury. ,
DUMMY NOTES FOR SECURITY
California Safe Deposit e Trust Com
pany Officials Must Face Several
Charges of Mishandling People' Funds
Bail it Fixed at High Figure.
SAX FRANCISCO, Dec. 30.-Folkw-ing
an' investigation into the affairs of
tlie California, Safe Deposit & Trust Co,
which failed owing it depositors nearly
nine millions, indictment were returned (
this afternoon by the grand jury charg
ing James Dabsell Brown, former general
manager; Walter, J. Bartnett, former
vke prcsident, and general counsel and
director and James Treadwell, s direc
tor, with felony embezzlement. One in
dictment was returned against Brown
and Bartnett and two against Treadwell
Bench warrant Iwere issued and the bail
fixed at $30,000 tfor Brown, $35,000 for
Bartnett, and $75,000 against Treadwell
Brown and Bartnett are already in jail
charged with embezzlement of securities
valued at $205,000, belonging to the Col
ton estate. Brown & charged with tak
ing them as security for money loaned
on stock not issued until some time af
ter the note was given. Bartnett is
charged with securing money from the
bank through a "dummy' note.
One indictment against Treadwell, who
is Treadwell of the Treadwell Alaska
Mine fame, was based on the loans and
overdrafts ffom the bank in which he
was a director and paying interest there
on by notes. The second Indictment
against him ia based on specifically one
of these transactions.
arm on the track and it was cut off clot
to hi body. Tlie tide of hi face wa
badly mangled. Ha was tak -n to Port
land on No. 18.
RECORD EARTHQUAKE.
Foreign Observatories Take Hot
Great Seismic Disturbance.
of
LAIBACU Hungary, Dee. 30. Th
observatory here records a series of for
midable earthquake this morning which
Professor Belar says muet have occurred
in the center of the mainland betweeB
Mexico and Colombo. The shocks lasted
four hours.
SIHDE, Isle of Wight, Dee. 10,-ghide
Kill observatory recorded an earthquak
t.' is morning. Professor Mime, a famous
authority, says it is one of the greatest
earthquake experienced in some time.
He believe the disturbance is of subma
rine origin and may prove to have been
most destructive.
INSANE BENEFITTED.
Large Illuminated Painting of Christ.
Exhibited in Asylum.
CHICAGO, Dec, 30. A despatch to the
Record -Herald ' from Massillon. Ohio,
says:
The physicians at tbe state hospital
for tbe insane yesterday tried the ex
periment of exhibiting to the patient
a large painting of Christ illuminated by
electric light. It is believed that by
thus concentrating the attention of the '
insane upon this picture a beneficial
therapeutic effect will be produced in
their recovery.
Many of the patients, recognizing the
subject of the painting, raised their
hands in supplication toward it and
some fell on their- knees and wept.
PRESIDENT RETURNS.
WASHINGTON, Dec. 30,-PreeiJent
Roosevelt returned tonight from Pine
Knot, Va. . , . . ,
CLEARING
"CRIME AND THE NEGRO."
Colored Professor Believes 'Negro Crim
inals Are Made by Society.
CHICAGO, Dec. 30.-J'There are a few
negro criminals by instinct, but the
overwhelming number are made crim
inals by society," said Prof. W. S. Scar
borough, of Wilberforce University, in
an address last night in Bethel A. M. E.
Church on "Crime and the Negro." "Our
nice is discriminated against and our
people are forced out of the best in
dustrial fields," 'he went on. "We are
burned at the stake, lynched and hunted
and tbe negro would be more than an
angel to withstand such treatment as
that. Some of our enemies are in the
pulpits and in high social and political
life. They should be, put in jail till they
learn to keep the peace."
AUTOMOBILE COLLISION.
CHICAGO, Decv 30. In a collision be
tween an automobile and a street car last
night, Win. N. Sharp, president of the
firm of Sharp & Smitjh, and his book
keeper, Miss Rose O'Connor, were se
verely) hurt. Four other persona were
slightly injured.
BRAKEMAN INJURED.
ROSEBURG, Or, Dec. 30. A. L. Cole,
a passenger brakeman, suffered terrible
injuries in the yard here last night.
While checking up passenger train No.
16 a light engine backing up on a side
track hit Cole in the back. He fell with his
Woman Found in Pond Positively
Identified,
HAD MONEY AND WORE RING
New York Woman Dined With Deceased
on Christmas Day and States That the
Murdered Woman Went to Join Party
in Newark.
NEW! YORK, Dec 30. Some light was
thrown on the Harrison, N. J, murder
mystery today when Mira. Frank Hull
declared the dead woman was Mrs. Agnes
Young, who formerly lived with her and
later- with a Mrs. King in Brooklyn. The
police believe Mrs. Hull's identification
is correct. Mirs. Hull said she went to
Jersey City with Mrs. Young on Christ
mas day when they had luncheon with a .
man hvthstm aTiA nam WYiam Iia liinnl,. .
eon party broke up Mrs. Hull returned
to this city, and Mrs. Young went to
Newark, Mrs. Hull says, to join-a party.
She said Mrs, Young was a stenographer.
Also Mrs. Young was the wife of an en
gineer, but had not Uved with her hus
band for several year. She states on
Christmas day that Mrs. Young had
$300 in. her purse and wore a diamond
ring. ,- (
HANDED SOUR LEMON.
WASHINGTON. Deo. 30. The Sea
men' Union met temporary defeat to
day in their fight against the employ
ment of Chinese seamen on Faciflo Coast
vessels. Representatives called upon Attorney-General
Bonaparte today and ex
pressed an opinion that the employment
of Chinese on the vessel was a violation
of the exclusion act. Bouaparte Inform
ed the committee that he could only
furnish the president and the heads of
the departments affected with their opin
ion for optional action; : It is understood
that tbe union will prepare a petition to
the president asking him for an, expres
sion of an opinion in this regard.