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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (Dec. 8, 1904)
There lire pieces here which will complete your furniture scheme for this room or that pieces which will look better la your house In town. Solid Mahogany Chair. $32.Q0 Full line of odd places In this style. It is handsome and of artistic design. The finish Is a secret process not found on any other chair. There Is nothing of higher grade made In chairs. AMERICAN BANKS ARE PROSPEROUS Comptroller of the Currency's Annual Report Deals in Im mense Figures. AMERICA HAS NEARLY HALF WORLD'S FUNDS Makes Many Recommendations for an Expansion of Trade Exchange Sales. i Journal Special ferric ) Washington. D. C. Dec 8. The 42d report of the comptroller of the cur rency has been prepared for transmission to congress. The report staffs with a detailed statement of the resources and Ilabllltlea of the national banks, as shown by the five reports of condition made In response to the call of the comp troller. In commenting on this statement the comptroller says": The number of reporting banks has Increased from 6,118 on November 17. 103. to K.41X on September . 1(04. and there has been a gradual Increase during "the year In the aggregate resources AT these associations from 18.110.42M88.37 on September 9, 1I0J. to 8.7t.088, S04.0&. the Increase being 1884.818.117.88. "With the exception of the United Ststes and other bonds on deposit In the tressury department to secure public de posits, and the holdings of sliver and of legal tenders, there has been an In crease In every item of resources, the principal Increase being' In loans snd discounts, amounting to 1244.704.(47.44. or from 13. 481. 448.772.04 to 13,728.111. 41(48. "The Increase In bonds on deposit to secure circulation was 136.89.880; other 1'ntted States, and miscellaneous bonds, etc:, f 4 2j296, 209.68; end In holdings of specie and legal tender notes on Septem ber 9. 1(01, were 1664.306.026.(4. and on Sour Stomach 7 friends aa the oalr hue- for tndiMet.nn Xrvr iiuBftrii ina mi mmwp mr onwaie ID (ooa Mm. They are very nice to at uarry sivciiey, aiaacD U1UI I Chw.k. Pa. Best For The Bowels PVeeanl Psislebie Potest, ever Hakes, weskaa er en Tee. OoedPo Ooea, pm. ae.pps. serer M la balk. Tee feasts, tablet a taste. temped I t u. we.resieee to rare or rear ston.y eses Sterling Reesedy Ce., Chicago or N. V. ess pUUrttALSALEfTU IHLLM.I MIES "I nsel 'M'irMi nd feel Ilk a new man I bar bsMa a en (fere r from dyapepeU and soar e to mack for the last two rears Ihin Ixin t.bt,. tin aad other drufi, bni could find no relief only Minon i mi. i am l THE This is the place for Fine Furniture new styles in staple goods and in novelties or odd pieces. The house-keeper, bent on getting can find it here. There isn't a Furniture store in the country that shows a better variety of fine pieces than you'll find here. Come . there are many odd pieces that are just the thing for mother, sister or sweetheart. any other noose Not only do we sell the finest and best Furniture but the modern priced are here as well to suit the purse of the thrifty me chanic or the man of great wealth, who lives in luxury. i Henry Jenning & Sons 172-174 FIRST STREET September I, 1(04, they were 1661.456,- 62(61. Capital Stock Increases. "The paid-in capital stock has grad ually Increased since September, 1(01, from 1763.721,861 to 1770.777,864, or. an Increase' of 117. 056.196. The surplus and undivided profits aggregate toll. 117, 047.14. an increase of 126,766.6(8.02 dur ing the past year. The deposits of th banks Individual, government and bank amounted to nearly "6 per cant of tha total liabilities, aggregated f6.130.I36. (40.31. a net Increase during the year of 1687,804.6(3.(3. "From a classification of the Losns and discounts It is shown U1 1 nearly 22 per cent of tha total volume of loana Is held by the banks located In tha city of New York; over It per cent by the banks located In New Tork. Chicago and St. Louis; about 64 per cent by the banka located In the central and other reserve cities, leaving 4 per cent as the pro portion of the loana In banka located elaewhere than In the reaerve cltlaa. "In September, 1(03, approximately II per cent of the loana was In the New York banks, 28 per cent In the New York, Chicago and St. Louis banks, nearly 62 per cent in all reserve city banka. and 48 per cent In banka located elsewhere than In reaerve cities. 'The character and .amount of each class of the banks' loana In September, 1(04, were ss follows: Demand paper, with one or more individual or firm names, f 278,779,166; time, single-name paper, til 1.024,136; demand paper, se cured by bonds, stocks, etc.. 1118.137. 913; time paper, secured by bonds, stocks, etc., 1699,702.946, time paper, two or more individual or firm names, 11,316.707,061. "The law requires national banking associations located in reserve cities to maintain a reserve of 26 per cent on their deposit liabilities, and banks lo cated elsewhere a reaerve of 16 per cent. On September (, 1(03, the banks located in the central reserve cities, with deposit liabilities of 11.031,674.470.24. held an average reaerve of 26.64 per cent; other reserve city banks, on liabilities of 11.032.473.203:11, a reserve of 26 30; country banks, on liabilities of 31,809,- 464.438.83, an average reserve of 17.69. The aggregate deposit liabilities were 13.863,612.112.36 and the average reserve 22.02 per cent. "On September I, 1(04, the central re serve city banks' deposit liabilities were 1 1,340.729.686.89 and the reserve held 27.28 per cent; other reaerve city banks, with liabilities of 11,166. 738,806.61, held a reserve of 26.11, the average for all reaerve city banks being 26.41. On de posit Ilabllltlea of 31.(04.467.117.14 the country banks held an average reserve of 17.21. "The aggregate deposit liabilities of all national banks, amounting to 14.400.935.409.64, were protected by an average reaerve of 21.43 per cent." The report In Ha opening goes back to the banking rules of 18(1 leading up In sequence to changes effected and leg islation as bearing on tha national bank ing system. Insolvent BTatlonal Banks. During the past year 31 national banks. Including one theretofore In vol ' 1 " .liquidation, were placed In the charge of receivers. Sis of tha asso ciations, however, have been restored to solvency and permitted to resume busi ness, the receivers being discharged. Klgh't of tha failure were due to fraud ulent management or dtshoneaty of the cashiers. Within the past It months the af fairs of II national banks, theretofore plared In tha charge of receivers, were fully settled by the payment of final dividends to creditors, leaving 71 pend ing trusts. The cost of liquidation of an Insolvent natlonsl bank that is, the receiver's salary, legal and other expenses based OREGON DAILY JOURNAL, PORTLAND, THUR8DAY The Home of Fine ppi Sjj jl IsfliMwfiiiHNsyispsl $i jit I Ik . 11 . I (jsl x'v WInpBBpBr I ! Ep i ... . . . .... . ,..... . .-4i Double Combination Case, $105.00 Bolld mahogany Colonial pattern, with line solid mahog any columns. French beveled mirrors, hand carved orna ments, cross - veneered front, 8 feet 5 Inches high. S feet 7 Inches wide. This case la a dream; must be seen to be appreciated. We have this same case, with the SINUI.K HOOKCA8E compartment, either In oak or mahogany, at 17R.00. There la also a solid mahogany bookcase to match these combination cases at ISO. upon the total amount collected from assets and from aasessment on share holders, Is shown to have been, on an average, 8.41 per cent. "The banking power of the United States," according to the report, "made up of the capital, surplus profits, depos its and circulation of banks of the United States and ' Islsnd possessions, aggregates 113,826,000,000. These fig ures Include, funds of national banka, amounting to 16,171.000,000; reporting state banks and bankers, 8,0(2,000,000. and non-reporting banka, estimated, 1663.000,000. From the latest snd most reliable data the banking power of foreign coun triea has been estimated at 118,781, 000.000. thus nmking the aggregate banking power of the world approxi mately tl3.nu8.000.000. World's Bans-tag Power. "The world's banking power In 1810, as estimated by Mulhall, was 116,186, 000,000, the United Statea being cred ited by him with aomethlng less than one-third of that amount. The preaent estimate. compared with Mulhall's, shows that the banking power of the United States has Increased since that date by 18,671.000.000, or 118.47 par cent, and that of foreign countries by 18.(46.000.000, or 83.67 per cent, the com bined banking power of the world hav ing lncreaaed since 18(0 from 1 16,(86, 000,000 to 111.808.000.000, a total ratio of Increase of 110.. 6 per cent."- The report In Its conclusion says that In spite of the great growth of banking In America, 'We do not seem to oe taking our proper rank and position In foreign and International banking," and says lack of facilities hampera exten sion of trade to foreign countries. The comptroller would therefore rec ommend. In pursuance of this policy, that national banks having a capital of t1 ,000.000 or more snd located tn th re serve cities or central reaerve cities be specifically authorise- to buy and sell foreign exchange; to accept bills drawn on themselves, payable not to exceed four months after sight, and to Issue letters of credit; and als- to open and maintain auch office, agencies, or branches aa may be necessary to con duct this business In foreign countries, Porto Rico, the Philippine Islands, the Hawaiian Islands and the Panama canal lone. The recommendation la also made that an act be passed repealing the llmtta tlon on the proportion of ne circuit tlon of any bank w.ilch may be Issued in notes of thej denomination of 15, re news the recommendation contained In hi report of December 1, 1(01, for the repeal of section 9 of the act or July 9, 1882, which limits the amount of law ful money which may be deposited with the treasurer of the United States by national bank reducing their circula tion to 11,000,000 during any calendar month, and again call the attention of congress to the necessity for legisla tion in regard to the liquidation and consolidation of national banks and tha extenalon of their corporate existence. TARTAR IS A TARTAR Soft, spongy, sensitive gum result from tsrtar accumulation. It should be removed at once by your dentist and thereafter prevented by the u of SOZODONT TOOTH POWDER. and Its complement. SOZODONT Liquid. The Powder I slightly abrasive, I ab solutely free from gelt and acid, and Is Just the thing for those who have an Inclination for the nlretlea of every day life. 1 FORMS: LIQUID. POWDER, PASTE. China Closet, $75.00 Colonial pattern, full mirror back glass shelves artistically shaped doors of bent glass. Made of se lected quarter-sawed oak. 78 Inches high, 48 Inches wide. A beautiful and appreciative Christmas present We nave other China closets rang ing In price from lis to $110.00. THE INTERIOR REPORT REFERS TO FRAUDS Expresses Belief that Other Law Breakers Will Be Brought to Speedy Trial. VOLUME OF BUSINESS SHOWS GREAT INCREASE Forest Reservations and Recla mation Projects Being Rap idly Perfected. (Journal gsertal Berries. I Washington, D. C, Dec. 8. Th report or tne secretary of the interior was in sued today. It la a comprehensive snd detailed account of the operations of th Interior department during the past year. Many of the auggeatlons and rec ommendations contained In prior annual reports, together with such other a in the Judgment of th secretary will best promote the public interest were re newed. It shows that the paat year the vol ume of business has materially In creased, and that additions to the force in some branches of the service wtTl be necessary for the proper handling of th asajPtt. " ; . ' I Referring to reclamation service, forest reservation and the protection of the public domain the report aay: "The reclamation service. Inaugurated under the act approved June 17, 1902. providing for the construction of Irriga tion work and for the reclamation of arid and leml-arld land In the western tatea ha been perfected, and, under survey made by It, contracts have bean let for effectuating the Salt river pro ject, Arlsona, the Uncompahgre valley project, Colorado, the Minidoka project In Idaho and the Truckee Carson project in Nevada, In all 21 contract, covering an expenditure of, approximately, 13. 270,787.23. Time being an element In the matter, the work on these project will be prosecuted most expeditiously. There hss also been tentatively allotted for survey and conatructlon work for this service in varloua states and terri tories the sum of tll.111,141, and Inves tigation aa to project In connection therewith are under way. ' , Addition! T orest Mm. "Nine additional foreat reservations have been established by presidential proclamation under the act of March 1, lttl (tl Stat. L, 1011); one reserve- A Suggestion If you've a low piece of prop erty perpetually covered with wa ter a veritable marsh turn it into desirable property by In stalling a drainage system. Think It over Meanwhile write for descriptive matter and price lists on our product Drain Tile Sewer Pipe and Fittings. VltrlfM Brick. Terra Cotta. Chimney Pipes. Our Chimney Pipe haa an extra deep, heavy socket. DIAMOND BRICK CO. Offlc 161 mnll St., Portland, Of. yard root Aakeay street. EVENING, DECEMBER 8, Furniture Special Selected SR Bookcase, $100 soim Large and handsome, 8 feet 8 inches high, S fast 2 Inches wide. Hard carved ornaments, oross ve neered front and root, delicately and pleasingly carved; the entire piece Is finished unto a piano like brilliancy, and Is certainly a beautiful piece of furniture. One of the finest pieces ever turned out from any factory. Larue assortment of bookcaaos In other grades. HOUSEFURNI8HERS tlon haa been abolished; four somewhat reduced In area; two have been enlarged and two consolidated into on. Th management of the foreat reservations. In th main, haa been satisfactory, but better administrative results could, doubtless, be secured if this service were transferred to the supervision of the secretary of agriculture. "The law relating to the protection of lithe public domain and the timber thereon have been rigidly enforced, and a conaplracy entered Into between cer tain persons In California and Arlsona looking to the defrauding of th gov ernment of a large acreage of public land ha been defeated and the leading spirits therein Indicted. In addition 17 residents of Oregon have been indicted for conspiring to defraud the govern ment of public lands, forgery, and other criminal acts In connection with the ac quirement of public lands; five of these have pleaded guilty, r-te haa been con victed, and convictions will doubtless be obtained as a result of the trial of the other cases, whlCu I now in prog re." Relating to Indian service, the ecre tary aay in part: "In the Indian service 10 agencies were abolished during the year, and th duties of such agencle devolved upon bonded superintendents of Indian train ing schools. The policy of requiring able-bodied Indian to labor for their own support has been adhered to. and la proving more and more beneficial both to the Indian and the service Irrigation work on the various reservations has been constantly extended and Is showing encouraging results." Znd Fraud Cases. The timber and land fraud cases are thoroughly covered In the report, which aaya In part: "Tha record of tha land department for' th past year Is one of deeds ao compllshed. The ring of conspirator on th Pacific coast has been completely broken up, their predatory raids on th public domain stopped, the offenders In dicted and apprehended and brought be fore tha courts for trial. "Other investigations of alleged viola tion of the public land laws In that section and elaewhere are being rapidly and vigorously pushed, and It I be lieved that they will soon be In shape to present to the federal grand Juries having Jurisdiction of the offenae al leged, and that the offender will be speedily brought to Justice. "Trespasses on th public timber have been lea frequent and unlawful in closure of the public domain have de creased tn number. The vigorous cru sade agalnat thla class of offenders In augurated by the department seem to have developed uch a wholesome re gard for the law aa blda fair In th fu ture to make the protection of the public property less difficult." In relation to the Lewis and Clark exposition mention Is made that Edward M. Dawson, chief clerk of the depart ment, ha been selected aa the represen tative of ths secretary of the Interior on the government board whloh was I created to select SUCh articles and things aa might De deemed advisable from the St. Louis government exhibit and trans port t hem to Portland, Oregon, to form part of th exhibit there. for A leading nursery of Walla Walla. Willi., has received through the Chines consul at San Francisco an order" to ship several hundred fruit tree to China. The tree Include apple, pear, cherry and peach, and thla I th first order of the kind known tn have been placed by the Chine In th Pacific northwest To Oar Cold la One Day. Tele Iji.tlt. Bromo Qaials Tablet. All drnsglsla rrfvind the mine? If It falls t care, a IT. Oreve's elgaatnr ea sack box. 3. 1804 the best and richest furniture here for Xmas selections Ton Will pieces of whloh will to have for your $32.00 H a n d s o mely carved the work cannot be excelled Just the thing for ft Christmas present. Comes single or in sets With setter to match. We have . a few samples In our window. Free i Extraordinary Offer TO HOLIDAY SHOPPERS To make their Holiday Purchases in the Month of November $25.00 $750 $1000 $3.00 $5.,30in.$J.50 $2.50 75c $j.00-. 25c. Free wtth Free We want you to ace our Grand Holiday Display of Bcauttf ul Fifte Chrnawart, Limoges China, French China, Dinner Sets. Salad Seta, Chocolate Sets, Rich Cut Glass Cemamenta, Vaaea, Bric-a-Brac, Lamps, English Porcelain Ware. Novelties, and Dolls. Fancy Articles of Every Description. Prettiest, Daintiest and Newest Things made, Collected from the Markets of the World, ' Top Quality Teas, Coffees, Spices, Extracts, Baking Powder, Cocoa, Chocolates. We want you to see our very reasonable prices. We want you to come fust to look. Take adraataee of this rery liberal offer. ctr Mats CUT OUT THIS COUPON, Decern brr 10, rjeowvs wtth Mfa purchasasJUt.) THE JOURNAL, DECEMBER 8, 1804. Mwr Come ( to inok. Brtrjf tbJs Cupcm wtth wot eooo arrgsi CVT HSg Great American Importing Tea Co. 331 Washington Street. 223 First Street, Portland. JOURNAL WANT find furniture hers almost been designed house. Mahogany chair, FREE! your own choice worth of foods yovr own choice worth of good your own choice Free cut HBM bring K to tares oar vrxj to any of or Dgegssegw to. tee) CUT WBttS - ADS PAY BEST