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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (May 1, 1907)
SIIII W HUH THAT TOLL MONEY k !-! Mmm , Partners of Largest Brokerage . Firm in the World Announce . Firm's Retirement. Appeal Filed Jn State Supreme ; Court In State vs. Port- r - land Electric; East Side Department Store You Can AL WAYS do BET TER. ON THE EAST SIDE East Side Agests BUTTEIUCK'S PATTERNS and Publications CORNER ! v than champagne Grand Ave. and E. Alder St. NORMOU3 LIABILITIES ' - ' ' LEAD TO DISSOLUTION TEN PER CENT OF NET -TOLLS IS THE DEMAND GATES GOMPAIIY 03ii;; ate QUITS KISS Better Debt Aggregate $90,000,000 Part j aen Charge That John W. Gates Incurred Half of the Liabilities liquidation of 'Debt Insisted Upon 1 ' (Joorial special Scrvica.) . . Chicago, Mar L Th largest broker S house la the , world, Charles Q. Gates & Co.. Is to go out of existence. The partners of the firm acknowledge today that'' they: had " decided to quit business.. Rumors to the effect that Gates & Co. Intended - to retire had ; been heard, for some time, but members ''ftj ill W. " , . I" v - i 4 J- I t ,v John W.;- Gates, Whose, Brokerage Firm Hag Retired From Business. ef the concern hid denied the reports in emphatlo ; manner every . time the question 'was put to any of them. Past, denials and today's confessions of liquidation are explained, by the re- mark that when the reports were first heard an acknowledgement of dlgsolu v tion would have meant ruin fori the house and a second panic on the stock exchange. Cberlee- ;G. - Gates r A Ox ' owed approximately $90,000,000, - all of which was represented 4n Wall street deals. ' These staggering liabilities are accentuated by the fact that grave die- 1) partners. Several of . the latter ob jected not only to the enormous obliga tions the firm had incurred, but also to the manner In which the debt hadlfeen piled tip. It was charged that the chief special "partner, John W. Gates was respon sible for one half of these liabilities, and It was insisted that this be reduced. If not liquidated, . at once. . The de termination of three general partners to have a settlement made was the begin ning of the end. New Tork bankers scented the trouble and demanded that the firm take up its loans. New Training Station, t (Joorntl Special Service.) Washington, D C. May l.--Bids were opened at the navy department today for the construction of the proposed naval training station for the great lakes.' The station - will be built at Lake Bluff, overlooking Lake Michigan, a short distance north of Chicago. It 1s estimated that the station will eost ' In the neighborhood of $2.000,000.. That Trouble of May be CauscdNby Nearly every physical ail can be traced to a disturbance of the nervous system, caused generally by some wrong food or drink that v -j sets up the trouble. ' - The nerves telegraph to far away organs. So ifpain or incipient disease show any- - : ' where t'r TRY. LEAVING OFF CQJTLL " TOR 10 DAYS Postom .fjodid Coffee You may locate your - ' ( v r . THLRL'S A , .Read the famous little book, 'The. Road to Wellville," in pkgs.- Physicians call ir "a healthclassic'."7 ,, , Baaed on . Grant of Money by Legfo -latare to Aid In Constructing the .-. Locks and Canal at Oregon City History of the Suit. V "Special Dfpat te The Joonut) " Salem, Or.. , May I. Another move was made yesterday to force an ac counting to the state for 10 per cent of the net' prooeeds collected by the Port land General Electric company for pass- in freight and passengers through the canaf and locks In the Willamette river at Oregon City, "under art act passed Oc tober 21, 1870. . An appeal was yesterday filed by Attorney-General Crawford with the : su preme court In the case of the state of Oregon plaintiff and appellant, vs.,, the Portland General Electrlo company, de fendant and respondent i ; The complaint 'contains allegations sufficient , to 'entitle the state, to re over,, provided It has any rights what ever under the act and acts amendatory thereof and supplemental thereto, and prays an accounting for and from the year 187 ta 1906. , ' -, ' The KesponAemt's Demurrer. . . The respondent demurred to the ap pellant's complaint for an -accounting prior to six years before an act of the legislature filed In the of floe of the secretary of state February 10. which took-effect-May 81. 4868, for the reason 'that the suit has not been com menced within the time limited by tne laws of the state of Oregon for bring ing suit" . Judge Arthur I rraser in the circuit court for Multnomah county, sustained the demurrer, and the plaintiff, not de- slrine- to amend, on May 8, , II0S. en tered a decree dismissing the complaint History of the Canal Grant. ; For the nurnose of building a canal and locks on the west side of the Wll-1 lamette river at Oregon. City, tne wu lamette Falls ft Lock ' company was j Incorporated In.l8$ and the work was completed January 1. 1878. In 1870 a law was enacted appropriating 200.000 for the construction of the canal and section I provided "that the issuance and payment of the said bonds shall' be made upon the express condition that said corporation shall pay to tne state of Oregon 10 per centum of the net profits arising from the tolls collected for passing freights and passengers through said canals and locks, which sum of 10 per centum of net profits shall be paid Into the oommon schoel fund of this state." The Willamette Falls Canal A Lock company on May 8, 1876, assigned , its interests in the canal to the Willam ette Transportation & Locks company, which In August, 1898, sold and . as signed Its Interests In the locks and canals to the Portland General Electrlo company. ' " ,,:'':-; The state of Oregon is represented by Attorney-General A. M. Crawford. John C Manning, district attorney of the Fourth Judicial district, end -William P. Lord, formerly governor of Oregon! Frederick V. Holman ' and Wirt Minor, both of Portland; appear for the electrlo company. ,. . Sf , COAL MINING COMPANIES HAVE FILED ARTICLES -. (Special Dlpatcfe to Tb Jnnmtt.l Salem,,! Or., May 1. The following ar ticles of incorporation were filed - yes terday with the secretary of state: The Ashland 'Coal Mining company; Incorporators, Frank Jordan David D. Ford, Frank Heberlee and William R. Taylor; capital stock, $100,000; main office; Ashland. , The Pioneer Telegraph & Telephone company; Incorporators, A. C Hoofer, EX House and D. F. Toiler; capital stock, $260,000; main office, Portland. ; The Cowllts County Coal company; In corporators, M. F. Brady, T. B. Foster and T. W. Tounger; capital stock, $200.00o; main office, Portland. ( ..... ' ' . ,,v , Yours AND USE, V trouble and be rid of it Thousands have! RLASON JAJ0LGERe e weea" ej ??EjiJl rOLGER (El KatablUlMet IBSO : REFERENDUM PETITIONS BACK TO BE CORRECTED They Come From Marion, Lane ... and Clackamas, on Ar mories and Passes. ' . (Special Pit patch to The JonrnC) Salem, Or., May Lr-8everal petitions Were submitted yesterday to the secre tary of State for referendum on the measures enacted by the legislature r 3 gardlng the officials' free pass bill and the' .appropriation- for the building of the armories for the use of the Oregon National guards, but as they were not filled out In due form the petitions will be returned to the senders to be ar ranged so as to meet the requirements of the. law. , The petitions came from Aurora, In Marlon 'county; Crow, In Lane -county, and Eagle Creek, in Clackamas county. These petition must be filed before May 14, and in order that the referen dum may be had on any one measure it will be necessary that there be 4,665 names on the aggregate or total pe tition. - DEPENDENT ON RAILWAY FOR A CAR If L.' L. Brooks Had Depended on the Company He Might Be Waiting Yet. (Special Dlipeteh to The Journal.) Salem. Or., May 1. "I am of x, the opinion that you must hare done some thing to help matters along," says L. L. Brooks in a letter addressed te one of the members of the railway commission, extending sincere thanks for Its assist ance. In scouring a car. for the shipment of vetch seed to California. He had since early In March endeav ored to secure a car, but waa unable to do so. Finally he asked the railway commission to assist him. and the com missioners took up the matter with the railway officials, who In due time sent him a car. Mr. Brooks is manager of the Multnomah stock and aeed farm of Corvallls. INDIAN AND BUCKAR00 v SCRIMMAGE AT SHANIK0 fgMdal DtaMtcb to Tb Joornl Shanlko, Or., May 1. A lively scrim mage occurred here Sunday that mtgt have terminated in a serious . cutting scrape had not me city marshal prompt ly Interfered and placed Will Howell and Herman Luther under arrest A small party of Indians had been try- In, unsuccessfully, to. ride a bucking bronoo when Howell and Luther ap peared. Howell volunteered to ride the animal if one of the Indians would give him his spurs, to whioh the Indian agreed and banded them over. Howell put them on and succeeded in subduing the bronoo. This made the IndU-ns angry, and - when Howell dismounted they demanded the spurs back. Howell refused to give them up, claiming he had earned them under an agreement by successfully riding the bronco. The Indians . rushed the two boys, one of them drawing his pocket knife and try ing to stick Howell as he approached. Howell' kicked -the knife out of, his hand, and then the tnlxup became gen eral. The marshal then . appeared - and quelled the disturbance. W00DLANDERS SHOW FAITH IN THEIR TOWN - (Special OtoiMtcti ', te The Joornal) -Woodland, Wash., May fc Woodland is having a steady and constant growth and people who have once lived here and returned to visit are most agreeably surprised with its rapid advancement George Ooerig, one of the large prop erty owners here, has Just opened up Goerlg's . second addition, adjoining the city on the south. The new plats con sist of 45 lots, well located, being in the central part of the town. Each one is perfectly level and ready for building upon. The new street which it opens, running east and west. Ilea back, of Davidson's avenue, the main street, and will be known as Ooerig: avenue. It wtlt open six new streets running north and south. These lots are nearly all taken, Mwhlch shows what the,, people here think of the town's future. , ;.. i-i ; ,.m .p..t , i , -. , Woodtrarn Bank Change Hands. '- IHiwIil Ptupatrh to The Joernal J Woodburn. Or., May 1. E. C. Price & Sons have disposed of the controlling Interest In the Farmers"tind Mechanics' bank of this city to G. W. Huffman and Leslie M. Bitney of Bturgls, South Da kota . . k Cpstsnoimorc. No prizes no'xioupons no headache.,, Soldonly in aromas wv N e v e r ji nt) u 1 k CO - San - Francisco TRIES TO BREAK RECORD v OF BATTLESHIP OREGON Big Steamer Has Not Been Heard From and Owners Become Uneasy. (Journal Special Service.) San Diego, May 1. W. E. Pearce, gen eral manager of the Pacific Coaat Bteamshlp company, C. D. Dunarin, gen eral passenger agent, and J. H. Cooper, general freight agent, are in San Diego and have asked the wireless station at Point Loins, and through It the fleet at Magdalena to try. to make connections with the big steamer president, which is bound around the horn from Phila delphia for this port nd Ba Francisco.. Since leaving the port on the eastern coast the President has not been heard from but as she started out with the intention of beating the time of the bat tleship Oregon, it is natural that she should not have touched at any port on the way around. She waa equipped for the full voyage, but the fact that abso lutely nothing has been heard from the vessel since she cleared has caused some uneasiness. II'S BACK TO PRISON FOR JESSE TANNEH1LL Portland Larcenor on Parole Did Well Till Conquered by the Rum Power. (Special Dispatch to The Journal.) Salem, Or., Mar 1. From "bright sun shine to dark prison walla will be the lot of Mike Logan, known In Portland as Jesse TannehiH, who was sent from Multnomah county a little over a year ago to serve-- an Indeterminate aentence for larceny In a store, waa paroled April 18, and was yesterday' re turned to prison because of violation of bis parole. While on a spree in a State street saloon he threatened to kill Tom Fitch, an. actor in tne local stock com pany playing at the KUnger Grand. Logan had been working faithfully at the C. K. Spauldlng lumber mill in this city, but Monday his old-time erase for drink returned, and he violated his parole by being drunk.- The actor swore out a warrant against blm, and Mike was placed under arrest by Chief of Police Gibson. After his arrest the officer dfsoovered Logan, was an ex- oonvlot and the authorities at the prison bad him returned, since his ao tion constituted a violation of his parole. Hives, ecsema, itch or salt rheum sets you crazy, can't Dear tne toucn or your clothing. Doan's Ointment cures the most obstinate cases. Why suffer! AU druggists sell it. ' ELLA CRIM. LYNCH CAN PRACTICE IN ALL COURTS . & (Special Dispatch to The Journal.) Salem, Or., May 1. Ella Crlm Lynoh, a Portland lawyer, was admitted yes terday to practice in all the courts of the state. She is one of the few women attorneys In the state. Walter P. La Roche of Portland and Walter S. Asher of Carlton, Yamhill county, were both admitted on probation for nine months. TEA , . ' Do you think it worth while to serve good tea at your table? Tonr grocer rehtrse roar mosey If yea doa't Bke Schullag's Best: we par bin. ' TONIGHT AMATEUR RACES '"' " 1J". "-M"' ) .".",. ;.)-'"t Thursday Nipht XOST'oAXSTTAXh BKEET ASTO riUOW CASS MASQUERADE BTJDOTIOA3i Z1TBOTS. alis Rim BUILDING DELAYED Several months ago, when we signed a contract for our new building, the 'agreement was. made that the building should be completed by May 1st, which would have permitted us to. move by June 1st. However, continuous bad weather for many weeks delayed excavating and J " III II ....... ' concrete work, and later the shut-down of sawmills, occasioned another delay, j All. this time r new goods have been piling up in our present storeroom, overcrowding us to such an extent that jn Itls Absolut duce Many Store. Note as these for Balance of Embroidery Vajues to 25c at 13c Splendid values in Embroider ies, from 6 to 9 inches wide', yourjehoice of the lot at . .13 Women's Tailor Made Suits at a Discount of 25 A nice assortment of blues, blacks, grays and whites, and the greatest values in town. American Lady $1.25 Corset at 98c The greatest of Corset values. 'Five" 'new styles of our very best $1.25 Corsets. Any of these styles .98$ White Silk Waists $2.48 and $2.88 Beautiful new Jap Silk Waists, prettily trimmed and stylish designs; wonderful values." Women'sSIeeveless Ves 8; 11 and 15c vThree great values in whjte sleeveless bummer underwear. i... Women's Lawn Waists, Values to $1.50 at 98c iiunareas oi oeautitui new Spring Waists ; handsomely trimmea ana made. Women's $1.50 long black & white Silk Gloves $1.18 Those very popular pure Silk Long Gloves. Not over two pairs to a customer. New Nobby-Wash Goods,IO,l22',l5,l6! 20, 25 and 30c By far the choicest and best assortment we have ever shown and the prices are extremely tow. v. "x". ' .' ' yard SALE Lilies such White Batiste Cor sets, 75c Val. 38c Two new models, "with hose supporters attached, and with out - supporters. Splendid fit ting Corsets. Women'sShoesand Oxfords, Vals. to $3.00 at $1.98 All good styles and about every size. Thoroughly good and ' de pendable Shoes. Muslin Skirts, Vals. to $1.75 at $1.28 Handsomely trimmed with lace and embroidery. Full sizes and well made. - ; ' $1.50 Lawn Waist Patterns 88c Includes 3 yards of very fine 40-inch lawn and beautifully embroidered. Waist - fr6ht; $2.60 Waist Patterns . .$1,37 16-in. Silk Floss Pillows 17c i Boys' $1.25 Khaki Suits 98c The ideal plajr sult for boys 5 to 12 years; jacket and pants, Three Hammock Bargains AH new and choice patterns and great values. $2.50 Hammocks ...... $1.98 $2, $2.25 Hammocks . . .S1.68 $1.50 Hammocks ..... .$1.18 All with pillow and spreaders. Pillow Slips, Special Less than cost of materials. ? 45x36-inch 15c value . . . . .11 42x36-inch, 124c value .10 Underwear at 50c Five splendid . styles at this popular price and alt extra val-. ues, balbrigganj; with or with- out sleeves, . fine . ribbed and white nainsook in short sleeve shirts and knee length drawers. Prices and Values BUILDING DELAYED to He- This Weeli: $8 and $9 Values in Fancy Silk . Underskirts $5.78 Handsome new Taffeta Skirts, in swell new shades, shadow stripes, etc. The swellest skirt we have ever shown. Boys'$2.50 Box Calf Blucher r.v. Shoes $1.98 School Boys' Pride. JVIade by Geo. E. Keith Co. Right up-to-date . in .styles and absolutely dependable in quality. , Sizes 2J4 to 56 ... . . S1.08 Sizes 13J to 2 $1.68 Women's $1.25 Strap Sandles 98c Two- neat styles. One nice dress toe" and the other com- mon sense, comfort style ; all sizes. ' Men's 75c Golf Shirts at 49c Three days only; stylish new Madras and Percale Shirts ; all sizes 14 to 17. Men's New Neckwear 25c A very choice new lot of Four-in-Hands, in regular 35c to 50c patterns. , ", arv ai dovs Jnoes ysc Values to $1.50 Sizes 9 to 2: all solid and thi very best styles; great value. ; Men's $1.50 Tan Kid Slippers 98c Fine soft . kid. v turned .V rl- House Slippers for men t a rare bargain. - . , Men's Black 15c Sox, white feet, 11c Absolutely fast colored and seamless; all sizes dyi to 11. aZr;.'fpTtr r'i Curtnn Rr "irt( Extension from ti i ' Throughout f&ie