The Oregon daily journal., October 02, 1905, Image 4

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PORTLAND. OREGON.
T H E O R E G
AN
c. s. JAcxaoa
- , PUBLISHED
I"2
Published, every veoins ( eawept -Sunday )
f
THE COMPLEX PROBLEM
i HE' ASSESSMENTS of railroads .and corporate
. franchises for public utilities is a subject properly
receiving a good deal of attention, not onlyat
' t the hinds of assessors, but on the part of development
v; leagues, taxpayers leagues and wideawake cititcns gerr-
---erallyr-.--r-;-- r,., , . .' -A . V
r, "--"Afew general propositions may-be stated to clear
? the -ground: First,; railroads should be taxed fully, if
! other property is in. the. same proportionrbut not un-
fairly or inimically. We need and areaclamoring and
t crying for many more railroads in this state and we will
; not get -iTtf'a;gomtf.odicriralnate against
them or put any unfair burdens upon them. But there
is little fear of that, for Oregon has never been unjust
; t or unfriendly to its railroads and there is ho disposition
to be so now. 7 But on the other hand they must not
r . . ' - r . X... ...AA
.tpf i in rr,p )im UTiiKin uir
and will yield them large profits.
Second, the taxation f franchises is just andVprdper,
i and should have become part of our taxation policy long
. before- this. It will undoubtedly come into s vogue
; ' throughout the country, as it should in the near future,
t A corporation having' an increasingly valuable franchise
( should-be reasonably taxed thereon. .However much' we
' may need and desire streetcars and telephone line and
lights and express service, and however "Willing we are
to get these services, to grant the use of our streets for
f railway tracks,' poles,' conduit and' vehicles, the cor-
porations granted these privileges, at least in as large
' a city as Portland has become, should and must pay a
t franchise . tst,. Just what that tax should be is a ques
, tion for experts to decide,.and the time ha come when
; ?we seed Vuch experts for assessors and as members of,
- Warda-of -eualiaatioB.--" ' ' '" ' -
Third, the law as to assessment of property should be
strictly .observed by these officials, as we are glad
; to ? notice it is being done, in . Oregon now as never
before. , ... .
''.-. ' Fourth, the first consideration is the public, the; whole
people. The broad principle of equal taxation "equal
i rights to all and special privileges to none" should be
( the tasis, the foundation, the main "general principle
'. of all taxation everywhere, national, state, county, city.
.Adhering to this principle and 'abating nothing of
justice to the people, care should be taken to allow no
prejudice against transportation and utility corporations
" to stimulate any official notion or endeavor to cinch them,
;' as such,-particularly in - this . comparatively , new. and
-; largely undeveloped state. " .1 - V. , i.. ..
': I'; ..... We need new railroads; they are coming. "We need
new enterprises of many kinds that can or will be car
' ried on only .under corporate organization. They will
involve the expenditure here of tens of millions ' of
.." dollars. The people who will spend this money here
' are after all our real developers; without them we could
or would dp little.;. They are, or should beur friends
and we theirs; in a large sense they and we are partners.
"t Let us welcome them with open arms and glad voices.
'V.; All these things hee two sides" of a great 'and
complicated questionare to be considered, studied, acted
t on conservatively, reasonably, righteously and we need
t able and broad-minded men to do'lt.-. ' ' - ., ; i. i ; . .;
; We are beginning towork out, this problem here, and
J. have made a good Start Consultation and experimen-
tation will disclose jninor errors and injustices no doubt
j: and afford opportunities for correction, one way or an
: other; but it is gratifying .that progress has been made,
and that this of itself and other evidence gives assurance
I of further progress toward perfection in the working out
r of this large and complex problefafof taxation."
f4
SWEDEN AND NORWAY SET
HE CZAR, very likely, is now .
of peace in his own vast realm
, He has had all the war he
time. , So has Japan. So has England. , Tht only Euro
pean potentate that has a chip on his shoulder is William
of Germany, and a good deal of his attitude is bluff and
'.bluster. .-V .-( '; C '
Significant and gratifying, as indicating the tendency
'toward peaceful settlement or arbitration instead of cruel
and destructive war, is the agreement between Sweden
l and Norway. Sweden is the stronger, apparently,' and
r might have forced Norway to continue its somewhat
subordinate position,, but Sweden wisely decides to let
Norway -depart; in peace, and Norway wisely concedes
! some conditions imposed by Sweden.
The opening sentence of the Norwegian constitution
of 1314 .reads: fThe kingdom of Norway is a free, in
dependent, indivisible and inalienable realm.'' But 'it
was "united with ; Sweden under one king," and he a
4 Swedish-king.' Soon, according to present prospects,
i the latter provision will be abrogated, and Norway will
v have its own . king and-court ias wellas storthing, and
its diplomatic and-consular representatives abroad.'
t The progressive '.w6rld will somewhat , regret this
division, thinking that a movement in the opposite direc
tion for a union of the three Scandinavian nations, per
haps Including Finland if it couM break loose from' Rus
sia V40uld have been better and more in accordance with
the spirit of - the age; but ' this is . not yet to be, and
Norway -will soon , take its place as a nation on an
I entire equality in all respects with Sweden and Denmark.
t - These fas northern nations of Europe have tiught
I the world, its czars, emperors,- kings, mikados, sultans
I and presidents, a valuable lesson that of a peaceable
i settlement of national differences and difficulties. - They
have set a good and a notatHe example. ' ' : ' ,-
RAPID INCREASE OF POPULATION.
THE SCHOOLaTTENDANCE ia Portland shows
- an increase of approximately 17 per cent as rom-
' irt population that is. Unaffected by the influx of visitors,
as the postoffice receipts and bank clearances are to
some extent Every year for the past five years every
test of population has shown a goodly percentage of in-
crease, but none so great as is occurring this year; AI
I together, every test indicates a growth during the semi
I decennial period now- ending of approximately 60 per
! cent, making Portland's population close to 150,000. . The
f directory indicates even more than .this. " -
With such , a growth in population in the past live
i years, , when conditions have been normal, what may we
( expect from the next five with the extraordinary stimulus
1 v Wireless to Stop Accidents, i.
' i . --.
i The Oerman government will probably
adapt the wireless telegraphr to prevent
railwar accidents. "... . .
Two rears ago exhaiiatlve practical
erperlmenta were eommenced and con
tinued until rerently on the military
rnllwav leadlna from Berlin 'to Koaaan.
Telegraph staium weraflttad up with
transmitters and receivers, wnue me
trains were equipped -with the same
epparetua.t Ordinary telegraph wires
Inng the track were uaed to facilitate
the work.
. The assortments proved -that the sta
tion could ' at any time commun teste
Ith a train running at full speed and
O N D Ail L Y
INDEPENDENT NEW8P
D BTf
v and k
JOURNAL PUBLISHING Ca
very Sunday morning at
tracts, roruana, vregon.
OF TAXATION.
which will come
TT Iff jvift
"Hill sraVe but
iiirnuu n
In those words
In the march
have now reached
A
AN EXAMPLE.
sincerely desirous
and in the world.
wants, for a long
city. No better
warfc It of Impending danger. The uae
of wireless telegraphr In thia connection
would especially safeguard tralna on
one-track railways. " "'
- It Is not expected" that the exponas of
supplying the neoesearr apparatus will
be much beyond the budget allowed each
year for repairing old signals and Intro
ducing new inventions whleh aim to pro-
1 Hfe ant t lm b In railway tra-
' . Our Moat Pressing Need. .
' - From the La Crosee Chronicle.
"What we need In. this country Is a
number of Institutions which csn award
a degree to be known aa M. D. A, or
maid of domeatio arts, '
- J O. U R N A L
APgR ' ,-:',. .
" nro jr. cabboix
Tbe Journal Buildinf, fifth and Yamhill
- , .
from railroad building and the Lewis
and Clark fairfr That the same- percentage of growth
will be maintained .is very reasonable to suppose; that
the percentage will be" 'even greater is not at all unlikely.
That the census of 1910 will show Portland with a popu
lation of 250,000 is not at all unlikely. Indeed this sec
tion of the country, the finest and most attractive of alt
sections - that atilt remain- unsettled is - just ..-becoming
known.- All it required was that. With the coming of
the railroads interior development of the atate and tribu
tary sections will follow .as a matter" of course. That
day is now close at hand, indeed is crowding us very
fast' Under all the circumstances it would not be at all
surprising if Portland should show the greatest growth
of its history in the coming five years. -
THE NEED OP THE NORTH SIDE RAILROAD.
' h y-ri "go J-J'l''. J;
a notable interview in which he made
clear that the coming problem was to decide whether
the Pacific ocean or the Suez canal and Cape Horn were
to do the great oriental carrying trade-in other words,
whether the task was to fall to the United States or to
Europe. Our population was doubling everjr 30 yearsj
Thirty years hence we were likely'to have a population
.of 150,000,000. What, were we to do with them . Less
than a quarter of our population is now employed in
manufacturing; perhaps not over a third could then be
utilized in manufactures, railroading, trade and the pro
fessions. This then would leave 100,000,000 to be taken
care of on the farms. .Where will they farm? Surely
not in New England, but in the states of the Mississippi
valfey, . the grand central west and the Pacific coast.
Across the broad waters were teeming, millions. Earn
ing a shilling a day they would not be- great buyers of
our manufactured goods. .What theyr would need would
be our foodstuffs and these, must be supplied. Nature
and geography indicated that this trade was to be han
dled through the United States, but to get it it must
be gone after and. captured. ... . . v
- Mr. Hill closed with, these words,r which are doubly
significant in the light of the railroad building intcwPort
land which the Great Northern and Northern Pjacific
have jointly undertaken to meet the precise conditions
which he describes: v v --' - '-' . v
"After all is said we railway managers are largely
automatons in-the "shuttle, -We must move-as nature
and commerce dictate., We succeed only as we obey the
great natural laws and me public interests. As between
roads and magnates, it is a case of survival of the fittest
Who is the fittest which road, what route? That which
s-eoeraohv. gravitation, climate, production, population,
commerce and progress select, control and, support The
others must pass from view." . .. ... ;
may be found the justification as well
as the -need for. the building of the north side line down
the Columbia river. ..' :': - ',-":HX'':::.-:.
of events Mr." Hill and his associates
t stage whereby they are ready to do
their part tn carrying out the plans which he some years
ago outlined but, which doubtless have been many years
in his- -mind. Needless to say Mr. Hill. Mr: Elliott and
their parties will be warmly welcomed by the people of
Portland and that they will be accorded hearty moral
support in. carrying . to fruition the plan - outlined in
May, 1901. .- V-' ' .
BUMPER HOP CROP.
HE USUAL THING for Oregon has happened
with respect to the hop crop. It is not only of
the best quality in the world, but instead of a
failure, or a third, or half, or two thirds of a crop, as
was freely predicted not only by ."bulls,' but by many not
influenced in the least by either "bulls" or "bears," the
crop is now sized up as the largest in' the State's history
and this in spite, of the fact that -it was about the dryest
summer ever known, practically no rain falling for three
months. ' . " " . ..--w
The increased yield was partly due to increased acre
age, induced by the high prices of the past two or three
years,' for no doubt many yards picked short of the aver
age, but the outcome shows again that crops never fail
in Oregon, andalso that predicters of crop failure, here
should always be without honor or audience in their own
country or anywhere else., ,.- v . ., - ,
The price this year so far is a disappointment to many
hop-growers, and not agreeable to any of them, especial
ly after the phenomenally high prices of last year, yet
hops have been lower than now, and may be again.. With
a good yield there is a very fair profit even at present
prices. The bitter comes along in layers with the sweet,
in the op-growing business, as well as in many other
affairs of life. . But on the whole, one year with apother,
a decade through, hop-raising in Oregon, on land well
adapted thereto as much of western Oregon is will
undoubtedly be, as it his been in the oast, a very profit
able business. ." ' , '
BETTER STREETS NEEDED. '
SHORT PERIOD OF RAIN makes very apparent
the defects in the streets of the city and, calls
loudly fof improvement Portland is so rapidly
rrnwinir in imoortance that attention should be concen
trated upon improving the streets and sidewalks of tfye
investment couia De maac tor tne prop
erty holder or the city itself. The importance- ojr a
street or -section of the city is largely a matter of its
physical condition. Every visitor is impressed by the
state brtheHiueTsndidewalks7-anyMhm-ar
temptedV to invest by the very circumstance that the
streets are in a 'good condition of repair.
Portland, is so situated that it can be made the .most
cleanly city in the country. The natural drainage is per
fect .But we i bavftTi6r7rJreached-a-high standard in
bur streets. There is where money should be freely
spent as an investment, and none will p"ay better. As
for sidewalks, many in very important residential sec
tions are in a bad condition of repair. These are mainly
wooden walks, which should be eliminated in those parts
of the city and replaced by cement Ones.
Now that developing tendencies are so largely in the
direction of Portliftid its citizens should clieerfully do
their share to place it in the forefront ' There is no step
they could take" that would be of advantage to the city
in more directions than in keepihg its streets, walks and
curbing in good yepair. V
tt.i'No Bualneaa.
"'T."- V
From the Newark Newa
. "Tou have no business In politics,'
Thus spoke the dictator aogrilr.
"I know I haven't" said the rich
reung candidate.. "I do not. own a
street railwar or an Insurance company
or a food trust or anything like that
Having ne business Un politics. I feel
alLtha.Jetter.JUU.eoLJobejiaJthfjil
publle servant" -
" 1 . r
'Fellow Sufferers. .
From the New "Tork World
" Duluth (Minn. la bothered wjfh an
epldemle of bears. Wall street bulls
&ave bad a similar aaneyaaoe lately. -
SMALL CHANGE-
afavba Alice, will marry aa orUntal
king or prlnca. , . :, j .
est two' waaks mora.
Time to disturb the moths.
if
A Minnesota, boy of t burnad up hla
babv atatar becauao aha "waan't " no
rood." Ha la likely to Ik I bad ona
hlmaalf, oven afur ha gat out of
reformatory at 1U r , . j ;
Mr.iHlll la not one of the men suitable
for chloroforming at SO. . .
Rockefeller la a beltavar In the
Bible. rt refusea to take a little wins
for hla stomacna aaxa,
, : l "" '.'
. Portland day la over, but the exposi
tion a atlU there v ,V ; . ,v i
' When wa wad about thoaa New York
flnanclera, and then of a fellow Bent to
the pen W atoalln a few dollars'
worth of aomethlng-. we are fain to be
lieve that juatlca Is a,wry. . ? , , ;
orn may
a good deaL
The first Installment of winter came
early. . - ' ' -j
. K. 'JsT CUlfrey la mentioned ao a Demo-
eratlo candidate for eonareaa in in
flrat district At leaat na anouia . d
familiar with Washington. D. C having
lived there for to yearn, or so.
Knforea the eompulaory "school at-
tendanee law, whenever practicable.
'. -e - V' :
John D. Rockefeller haa. again re-
lapaed Into allenoe, but hla money talks
just the aamew .
, .... ..... e e . ,
Now i George Gould haa "the fight of
hla llfe"-oa, hla hanila. Aa between hlra
and hla anUgonlata. Jim - Keene and
other, the general public .la Impartial. .
i- i . - - .! '
There are a few locally prominent Re
publicans who era not yet candidates
for governor, but may not be a few
weeka later.
The county clerk in leaning marriage
Ucenaee la running a pretty oloae race
with the divorce eourt . .
e '.-'-
A lot of them are hontng their raaors
In preparation for the harmony con-
ferehee,-rt? " " irr,r'
The aun shone eome, Aeplte of the
weather bureau.
.- - e - - , - i. '
The preatdent appears to be euapelous
of all. Oregon applicant for l. federal
offices.' - . ., ,
Bain did more" good than barn. "
Sometlmea the elothee that make the
woman break the min. v -."l
One thing wanted la a tnan'e hat that
won't blow off tn a gale of wind.
Railroad rumors In the air; you can
heart them everywhere. , ... 1 -
UOREGON SIDELIGHTS"
Gervals- Start ' Flax and hemp have
demonatrated -their adaptability to our
soil and-elimata, and all that la now
needed ia mills to convert the raw prod
uct Into twine and burlap and all elasaea
of linens. . , . V;
' (- m .... . 1 . .
Tomorrow the open season' for Mon
golian pheasants will begin and they
will tall numerously, as they are plenti
ful up the valley. .. " '
, mm- ..... - . .
Umatilla farmers ' and stockmen still
troubled with- a scarcity of water, but
won't be much longer.
e e
New - homes are springing, up like
mushrooms In Condon- and It ia reported
that, about SO new. dwellings will yet
go up thla fall -In one addition alone. -
v ...... .,
One Hood River man realised tl.SOO
from 71 Baldwin apple trees. .. , , .
Hosier Baptists are to have a new
church. . r . ,
- ' . e
A Hood River man has two aerea of
tomatoea from which he is marketing
100 cases a day. The patch ha estimates
will produce 10 tons this year.
It Is very probable that the founda
tion of the new courthouse will crum
ble away, and ever S4S.000 spent there
on will be lost eays the Astoria News
Herald. i mj-m : - :
Nfhe great need of Salem Is motor lines
of railway through the surrounding
country. ' : "
A farmer near Newberg sold It aeres
for I2.XB0. -'- -r-- . -t
If they don't look out some one will
keen monkeying with that Portland.
Ui.hmUm railroad project until the? t
a road ouut, sara .tne ruewoerg junier-
prlaa. ..- '
Tillamook Herald: Logging and lum-
berlna will be on a larger scale; dairy-
ing is .on ihe lnerease;new settlers are
eoming to xne county, . ana sveryming
tends to point to an unusual year or in-
tustry and proaperity. . ,
' . e .
In one hopyard near Bllverton fast
week too pickers snd Jhree dry kilns
were busy. , ;
, m
In the little town, of Cornelus the
buildings are all neatly painted, thi
streets are kept clean, and there is a
general air of prosperity everywhere. Ita
new buildings- are all occupied, and Cor
nelius promises to be a formidable rival
of Hlliaboro and Forest Grove.
'Solltlog . draga" for working road a
nuahlng the dirt from aldee to center
cheaply, are coming into favor In some
counties. . . .. . . ,
The Hlliaboro Argu' sensibly says:
There should be a better feeling be
tween Hlliaboro and Forest Grove. This
fighting backward and forward la alto-
rf gether. hHUph.-and It has become a
nuisance. Tne cuisens ox xne two towns,
as well as the newspepers, should get
together and quit child's play."
e '
' Hood River haa seven churchea. .
e e t
A big sawmill Is being built by Min
nesota people near Aahwood. In the
northern part of Crook county. j
' e e f .
A 'Clackamas man' has shipped over
1,000 boxes of second-crop strawbetrlea
' . e e
Big lumber buelness next year ex
peeted la J3atop ceunty, . ,
FACTS OF A BLEMARKA
" , BLE. TRANSACTION .
Wall Street Journal Sept It.
It la an unpleasant taak to rehearse
the faeta with respect to the mlsuoings
of life Insurance company directors and
cfflcials. but there la profit In doing
ao. The profit Is In the reasaertlon by
public opinion of the old-fashioned
standards of honesty aa against . prac
tices of "graft" that might warm the
cockles of a Plunkltt's heart practices
carried, on by aome of New Tork clty'e
most respectable prof esaora of "high
finance," Our duty leada us to an, ex
position of certain ' facta disclosed by
President Morton of the. Equitable Life
this week. In the hope that some lessons
will be learned therefrom. :
On November II, ltt, the Western
National bank had a capital of 11.100,
000, of which about IS40.00Q was owned
by the Equitable Life Assurance so
ciety. . . ., ";.. v. .-;:"
- The Western National bank on' the
date specified bad-In Its possess Ion cer
tain collateral-taken Indefault of pay
ment of loans amounting with Interest
to sesMtl.
xammjacttd-V
collateral . as . an asset of the bank.
whereupon Hertry B. Hyde, , who was
then president of the Equitable . Life,
arranged to take It up., i He uaed for thla
purpose the . Mercantile Trust, company,"
which was controlled by -the Equitable
Life, and did It In the manner follow
ing: One George W. Turner, secretary
to Louis Fltsgerald, president, of... the
Mercantile . Trust company, borrowed
from the trust company the sum Of
tSMtl -being the amount required to
"reimburse the Western National bank
its principal and Interest end took over
the collateral above - referred to from
the bank. He turned over this collat
eral to the truat company as security
for the loan he had obtained also giv
ing his nots upon which there was en
dare ad a guarantee of payment; by
Marcellua Hartley, . . . "7" . ..
John E. Searlea. ; ,
Louis Fltsgerald,. . ... . !
W..N. Color, Jr. . - v- :
Henry B. Hyde..' - r-. . -."--. -
Of whom all but Searlea and Color were
directors of the Equitable Life Assur
ance society, ell being directors of the
bank. - Thia transaction was made on
November It, ItSt. On March tl, lt.
the same guarantors executed a sealed
agreement .of guaranty covering the
original amount of the loan $SS1. isl
and further advances made by the trust
eompanr.- On- November t. J S0, - an"
other similar agreement was executed.
the amount of the loan then being tl,'-
1 7 S, 4 7 S this latter agreement guaran
teeing any further advances that might
be made In the attempt to develop the
enterprises represented by the collat
eral. Further heavy advanoea -were
made from time to time."
On May II, 1I9S, President Alexander
of the Equitable Life (H. B. Hyde hav
ing died) executed an. Instrument stating
that the Turner loan had really been
made for the benefit of "the Equitable
Life society, as ltwas the chief stock
holder -of the Western National -.bank.
and - on - February-; S, - 100, - President
Alexander by letter notified the guaran
tors above referred -to or their , repre
sentatives -thM the Equitable aoclety
would hold them harmless under their
guaranty.' Oi- February 14,'. 100. the
executive " committee - of ' the eoclety
formally ratified ..this assurance, and
Alexander notified ' the - guarantors
thereof Meanwhile the trust company
bad. formed a syndicate, 'mo to speak, to
carry the "loan.' In which syndicate the
following companies, all -subsidiary or
allied concerns of the Equitable society,
were Interested: . .......... , ... .
Commercial Trust company. ...t 500,000
Western National bank......... 100,000
American Depoelt St Loan Co. ... : 100.000
On January II, 1100. the controller
of the Equitable society paid to the
Mercantile Trust company 'the sum of
mi.m.tt on the order of the president
and thla sum was credited upon the
"Turner- loan." On February 4, 1004, a
Similar payment of $600,000 was made
by ths eocletr to the trust eompanr and
credited upon the "Turner loan," making
a total of tTll,lt.t of Equitable Life
Assurance money applied to this pur
pose. ' - .-.' ' ..
President Morton, of . the Equitable
Life, haa on the advice pf the society's
counsel, demanded the return of this
money by the Mercantile Truat com
pany, notifying the truat company that
It muat look to the guarantors for pay
ment " Ha Informs Equitable directors
that it Is doubtful that the society can
be held on Its agreement to Indemnify
these-directors, but thst litigation will
be necessary to settle the matter. He
urges the trust, company to proceed
against the guarantors among whom
are-the estatee of Henry B. Hyde and
Marcellua Hartley. -' : .
' So much for the "Turner loans"
there now comes the famous "ttSf.000"
or "yellow dog" loan of which ao much
has been heard and ao tittle Is known.
This was a loan on the books of the
Mercantile Truat company designated as
"J. W. A. No. I account"-the balance
of which was until recently when It
was paid by some person or persons
tttt.000. The records show that there
payments .were made by ths Equitable
society to- the trust company and
credited upon this loan as follows:
December tO, 1901..... $100,000
October 4. 1001.,.. ............ SS.000
February 4, 1004. 100,000
being In all $285,000 of the money of the
Equitable society applied to this "loan" on
tha books of the truat company. No auch
oan-waa-sver authorised Tyoffleers
or directors of the society, or In anv wav
appeared on Its books. President Morton
has directed legal proceedings to be
taken ..for recovery by the society of
these amounts rora the trust eompanr.
Happlljr the. fact that the eoclety e
anoneylias been uaed will bring the mat
ter within the purview of the Inveatigatr
Ing committee, so that the truth about
the "yellow dog" ' loan mar yet come
out . .
The faots which we have summerlsed
tn the foregoing are really their own
beet comment But could anything more
clearly demonstrate the evil of ."subsi
diary" or "allied" concerns In the In
surance business Ths genesis of the
"Turner loan" la aa clear as daylight
Assuming that Equitable society offi
cials were not themaelves Interested In
the original borrowing from the West
ern National bank and there Is no evi
dence at preeent before the publle to
show that they were the aoclety under
took (o relieve the bank, of which It was
ths largaat stockholder, by placing the
burden upon the Mercantile Trust com
pany, which It controlled, thus getting
rid of the national bank examiner trou
ble. So the "Turner loan" waa born
Later other creatures of the society were
called In to help the Mercantile Truat
company, and flnallyJtha.aoclatr-ltaelt
put up over 17H.000 of policy-holders'
money - the entire Inveetment having
grown from $4(1. 4tl on November It,
1194, to Jl.t2S.700 on July I. 1S0S, at
though some of the- collateral had
proved, worthleaet It Is not yet known
what .. the J!rUow.doaer 'lllMOO"
loan really means, but here is a case of
money paid by the society without any
warrant whatever and With every ap
pearance of an improper relationship
somewhere In connectloa trtth the mat.
tar.' f , " ... n v - .. '
If. these things bs done by gentlemen
among the elect of "high finance," done
with money that of all moneys should
be sacred, and done to an accompaniment
of false balance sheeta, raise, adver
tisements, "wash aalea," campaign con
trlbutlona and the like; 'can people be
blamed fort what Vice-President Darwin
P. Klngaler ealle "Insane chattel? oa
tha subject of life Insurance? . '
The frightful thing about It all la that
seemingly the thick moral hides of inaay
of our flnanclera are yet unpunctured by
realisation of the magnitude and the
stench ef their offence against that kind
of honeatv and -fair, dealing whose fron
tiers are not delimited solely . by ; tbe
penal code, -.4. , .? . i , . .','. ,
I
7"
E PLAY
Ah old favorite with patrons of 'melo
drama Is "Oif the Bridge at Midnight"
which returned yesterday for a week's
engagement at the Empire and played to
premium. . . , .
. The greatest sensation of thla partic
ular thriller la a' reproduction, of. the
celebrated "Jack-knife"', bridge in ' Chi
cage.' It is. Introduced in the play lua
way that terrorlaee strong men and In
vites screams from women. A river boet
passes -through the draw a scenic fea
ture which1 Is amas'ingly realistic end
the bridge le uaed later to pull up the
hero and heroine, the latter having been
east into Chicago' a creek by her ac
cursed enemies. ' .
,"On the Bridge,'' It may be truthfully
said. Is above the average attraction of
tta kind. Several members of the com
pany which plared ths piece at Cor
dray's last rear, are in the cast and
were great fa vorltee - yeaterday. Of.
special note was Frank Weed's legiti
mate German, borrowed, by the war.
from Clay Clement; Daniel Reed's brutal
Italian. Miss Edwards' Irish Biddy and
Miss Crego's Reddy, the waif. ' Scenic
ally the attraction Is creditable through
out "On the Bridge at Midnight"
should be well patronised, t- '
. Burlesque at the Baker.
The new burlesque at the Baker, which
travels as Sam De re re's "own" company,
gives ths leaat satisfying performance
of the "wheel" - shows yet aeen here.
Were it not for-the freshness of the cos
tumes and one or two of the glrla, the
performance would barely pass muster.
True,, one doesn't expect Auguatus
Thomas comedy tn a burlesque house,
but the comedians are expected to tickle
you at leaat occasionally and this they
failed to do laat night The lameness
of the audlenoe was dus principally to
the dullness of ths players themselves.
There are three departmenta In this
burlesque. - It opens with a skit called
"The Health Resort.", In which Insane
patients and a Dutch comedian hold the
center of the stage! Some first-rate
songs are sung, but tha- gleam of oper
atic talent did not appear In the rendi
tionthereof Keene. the comedy Jug
gler, and the twe Schrodes furnish spe
cialties of more or less interest and
Andy -Lewis and the Bijou Comedy Four
are set n i in a second travesty, - "The
Queen, of Bavaria." . . The performance
concludes, with fThe Mifflfflf.l '-a' one
act tnuelcel comedy, written, words, mu
sic and alb by Andy Lewis. There. is
consolation .la -the fact tbafKhe show
improves-a tt goes along. . There will
be a matinee .Wednesday. .. .. , , - Jt
The - Portland People.. ;
From the Irrlgon Irrigator. .;-
Every day we see an article In some
of our " Oregon .exchangee - "knocking"
Portland and the Portland people.- One
now before ua accuses Portland of want
ing to "hog" everything In sight
The Irrigator editor hopes he Is eane
enough to know that theee artlolee are
uncalled for, and very harmful to tha
state at large, for we have had Just as
good opportunities as anybody to note
any tendency on Portland's part toward
hogglshneaa, and we confeee we- have
found the Portland people very generous
toward the state at large.
In fact Portland aa a whole te stand
ing out boldly and clearly for the north
west, and ther are spending their money
lavishly to fill up tne waets places, to
bring settlers -to . our farm and fruit
landa and to build up the smaller cities
and towns, being broad .enough to, see
that tn the success of the stats at large
lies their own supremacy.. '
. Some of eur exchangee seem to think
that Portland "hogged" the exposition
and all of the appropriations for the
same. , Will these -papers please tell
where the fair ought to have been?
Aa a matter of fact It could not have
been successfully held at any other
place, and we venture to say that it will
do Portland more good by filling up
other sections ef the state than It will
by the direct results of .money spent In
thet cltr.
But suppose ' Portland does reap a
large reward; Is she not entitled to lft
Have we not been treated fairly and
liberally by her end her people!
The time was. say IB years ago, when
the Portland people tried to boom their
cltr regardless of ths upbuilding of the
state. But the men who were then at
the helm fcave been replaced by bigger,
abler, broader men who are . working
for the atate at a whole. And we ought
to assist them and encourage themlggvide- QUP-for the-at
stead - of "kiiocKinrat every move
they make. -. . ,
The Dictionary of Misinformation.
Wax Jones, Lexicographer. - '
CAIN A - member of the celebrated
knockabout team, Cain . and Abel.
Killed his partner ' with ' a slapstick
While explaining the conundrum, "Why
la Adam like sunflower T" "Because
he shuts up st the approach of Eve." .
tTo raise Cain colloquial English for
making Hades pop. . Calne Halt a
novelist with many readers In the Isle
of Mn.l i
FINANCIER One who loses other peo
ple'e money. , t ,
INVESTOR One who loses his . own
i money. ,-. 1-
The' Investor Is a chump. President
McBawl of the Cooperative Life, , In
rwinrh from the Destitute 1 -
MT8TERT A murder case op which de?
tectives "are employed. (I) Where
the money comes from. . y : -
The sourcs of the Republican funds
la no longer a myetery. Judge A. P.
Barker. i '
FACTS OF INTEREST There are IJM,
. Olt pollcy-hoMere en the United Statee.
Of this number l.tsi.011 contribute- to
. camnala-n funda without knowing it '
It la estimated that the Western Union
wirt-loao-aw.OOO- a year by giving up
its racing service. : Few reserved seats
are now left In heaven. . '
Reliable authorities say that ths words
"Have I another" are repeated lS.ooo.ono
. times a day In New Tork. the words
"I don't mind If I do" falling to reach
thla number by one eoua enJjr, r
' green ireland
starving; even now
rl
idlth Balfour ea "The West Coast o
Ireland." In the National Review.
A Grandmother "She, tt seemed, wa
the grandmother, ' and recognised he
honor, ao she offered te come with ui
and show us the way. A dirty, tired oh
man poked his head In at the door.
thought he was her' husband,' but b
waa only a friend,- 'Rest here, dea
heart' aha said to him as she ushered
us out of the. door, .
r "Rest here, dear; heart." J' kept re
nesting the words over to myself. WTaa
a lovelr groetlng. What oould one asl4
or 'offer more reat, and the assurancJ
that one's heart, waa dear to some oner
Dreaming Dreams "T don't- wonded
they dream dreams,' said ner nonor.
'Look at the awful country and nope
leas outlook. They must find some -way
out of It t
"It's the' tea ther drink. said ourj
guide, "which hajps- to send them madl
It Is stewed and reatewed till It ' 1")
MHaPotson-mdTJieyareabIFuaTlyl
surved.' ; .
" Wbr ere. thess things allowed tol
happen r I raid crudely.
"The people are too thick on the)
land "hereabouts, continued' our guide,
but It Is very difficult to deal with the
problem. Ttse mongestsd Olstnots ooara
buys land and mlgratea them, but
you know it la easier to get an Irisb
peasant to go . to America than l.t la to
move him If ntlles."
- Boys and Fairies "Up among the
Jillla men who are wanted by the police
hide and are hidden, for no one ever re
fuses shelter ( potheen' Is brewed, sheep
are stolen, and fairies hold dominion.
- "I had already wondered at the boys
running to the edge of ths rock, or the
atone wall of a field, to watch us pass
boys unmistakably by their faces, yet
with skirts flapping round their bareJ
legs. j..-..-. ....
"The fairies, I learned from eur guide,
seise children and drag them off to the
hills and they are very partial to little
boys. So the boys till they grow tall
are ' dressed as girls to deceive the
fairies, who 'are not so clever aa we
are- ' ,
' underfeeding "This turn' of .the
Irish - peasant's mind ' e e may
make him an easy prey to the vain
Imaginations which we call Insanity. His
body ts underfed, living ss he does on
potatoes and teaend perhape hie mind
is overfed with legends and fanolea.
However this may be. It Is certain that
In these barren districts there are ai
waye - men end women . who are
etrange.' " , ..
Moonehlner "There, had been a. aels
ure quite lately, end the man was well
known to her honor's people. "But. how
did you manage to pay the tfhe ef 6,
Mixer ne waa asaea.
. " 'Sure, - your honor,' he Bald, there
wee the decent people who subscribed
about to shillings, end I had 10 ef me
own.-- - " "
'But that still lehvee f 4 to flnd.-
"Oh. well, said Mike, with bland,
simplicity weTl, we Just made another-
braw to pay tbe fine with.' t . .
' A Dying Man (He had lifted atfeebte
hand from his bed to drink a. health to
"Her Honor.") - "1 thought ef Hlppo
lytus begging the goddess he loved not
to stay- and -eee him die. and Tt the
nobles rn "the French prisoner who . went
to their death- still making brilliant
small talk.-, Hera .was this man, out of
the very pit of misery and pain, giving
one mora sajuts to lire, thinking It well
td use again one of the old courtesies.
I longed to cry out that I drank to hla
health, too to bis release to his free
anlrit , . . . .. . . .
" TMd you eee him put hie hand em
mine when fhe tears came' Into my
eyesr said her. honor after. AH ths
war back I could see nothing but the
enguisa or these people. -
" 'It's better to be an animal,' t said
to bur guide; they are much better off.
" Tou wouldn't think .so ir you saw
them In the winter,' he answered, dryly.
There IsnH-anythlng left for them to
eat at all.'
"When we got back' onto the yacht
and found the mattresses on deck, and
tne tarpaulin shelter, ths intense lntol
arable pathos of the situation possessed
us again. It seemed to typify the whole
condition of Ireland, sick unto 'death.
The young are all leaving.'" Every week
hundreds go to America, and thoee that
are left endure f emlne and disease, and
misery. - '
"'And the dying man tried to . drink
our health.' I Bald. . " -
f 'Test cried, her honor; but Ireland
Is' not dying; things are getting better
LEWIS AND CLARK
; Near the Columbia river.
October 1. The day Ms very warm.
Two men were sent to ths village with
a quantity of thess articles to purchase
food. We are now reduced to roots,
which producs A violent - pains In the
stomach. Our work continued aa usual.
and many of the party are convalescent.
Tha hunters returned In the afternoon
with nothing but a small prairie wolf.
ss that our provisions being exhausted.
we killed one of the horses to eat anJ
, . " The "Japanese, of Europe."
Consul-General Guenther to the Depart
1 mentof Commerce.
Of European - countriee Italy has,
comparatively, made the greatest prog
resa In tbe last -decade. Italian finances
are now In a healthy "state end most
of ths bonds of the government, of the
railroads and. the municipalities, etc..
held abroad have been bought back or
redeemed.. . , .
Tbe savings of the Italian people
show large gains; .manufacturing in- -
dustries have Increased amaslngly. The
abundant water power is beginning to
be uaed for Industrial purposes, largely
for the creation or electric energy.
Within the last decade the exportation
of manufactured goods haa advanced
from-$31,400,000 to $t0,400,0oo. The
ootton factorlee not only supply the
home demand, but export heavily to
the Levantln countries and to South
America.
Another cause of the betterment of
Italy Is the accumulation , of property ,
by ths Itailan emigrants In the United
States,' BrasH, Argentina and' other
countries. Every year a large part of
thefr earnings Is sent home to relatives
and for Investment . One half of the
Italian emigrants return to their native
I cou n t rreXter.ihe jrhavO -saved -av com
petencr
Some economist's see In the Italians
the Japaneee ot Europe. They ere
constantly gaining . In ths trade with
Turkey and ether . countriee ef the
Levant and ther have strong aspira
tions for gettlng colonlea in. Asia.
Mlnof and Africa.' y c ,i
i
1.
' f. m . - ........