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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View This Issue
There lire pieces here
which will complete
your furniture scheme
for this room or that
pieces which will look
better la your house
Solid Mahogany Chair.
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
Comptroller of the Currency's
Annual Report Deals in Im
AMERICA HAS NEARLY
HALF WORLD'S FUNDS
Makes Many Recommendations
for an Expansion of Trade
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
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
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.
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
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,-
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
"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,
"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
"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
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
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
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
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,
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
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
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
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
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.
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
(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-
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,
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.
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
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.
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.
the best and richest furniture
here for Xmas selections
H a n d s o mely
work cannot be
the thing for
single or in
sets With setter
to match. We
have . a few
samples In our
To make their
Holiday Purchases in the Month of November
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.
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
Great American Importing Tea Co.
331 Washington Street. 223 First Street, Portland.
your own choice
worth of foods
yovr own choice
worth of good
your own choice
bring K to tares oar
vrxj to any of or
Dgegssegw to. tee)
ADS PAY BEST