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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (May 2, 1907)
THE OREGON DAILY JOURNAL, PORTLAND, THURSDAY EVENING. MAY 2. KZf. sBaaasBBasasasBsaMasgMBBBBaaaaaaajBaaasa ill wwaaiasaas - '"-vt: -vmmimttk HARRIiffl'S CHARITY IS ROADS NAME FOR PROFT Alleged - Loss In - Operation o ' Steamers Fully Covered by Raif Profits., NEW SCHEDULE OF ORIENT ' RATES WILL' BE ISSUED ' , . i - Freight From East Across raclflc Via Portland to Be Routed la , Con- - Junction With Frank Waterhouse Steamer Line. . ' 4 The Harrlman lines will soon pub r llsh a schedule of rates providing- tor . the routing cf freight Jrromiihe ast via Portland to we orient in conjunc tion ' with V the Frank Watarhouse steamer lino to North China. Vladtvo- etok ana . Japanese ports, mis action is a complete refutation of the state ment made by Judge R. 8. Lorett be- fore tbe interstate commerce commu nion at Washington, IX C, to v the ef- , feet that "should the ships of the Portland eV Aslatlo . Steamship ; com pany be taken off, the flouring mills of Portland and along the line of the .O. R. ft N. Co. would close." - ' v Judge . Lovett, arguing before ; the commission In the case of the govern ment rrs. the Union Paclflo-Southern Pacific combination, undertook to show that the Union Pacific company was - operating the Portland St Asiatic steam ship line as a matter of charity to Portland and to save Portland shippers from ruin. He claimed that for the five years ending June 10, 190,"the line's net " Joss was 118000. or . more than- the original -capital stottfw-and that a present, the company la a mere paper concern with nothing but . the charters on a few ships operate by it out of this port -He said: r -.'I "Sweet. Charity" in Disguise. v "The stock of tha company ; is so worthless that the comptroller of the Union Pacific throws It out and does not Include It in the statements of assets of the a a a N. company." The ships are run solely for : protection of tbe grain traffic of , the O. K. as It. com pony's rail lines and that company's customers in Portland. ! There Is a very rlcH grain territory In eastern Oregon and Washington reached by tha rail lines of the O. R. & N. company and by the ( Northern ;Paolflc. v Most or the flouf. produced finds market H the orient,' There are several steamsnip lines operating between Poget Sound porta and ' Aslatlo ports, and but one from Portland. If that Una anouia oe token off.; all the grain from the ter ritory roertnoned would move over the Northern Paclflo to Fuget souna ana then to the orient and the Ot R. N. company rail lines would lose the haul to . Portland and the nour rouia at Portland and other points on tbe O. R. at N. would close. It Is, therefore,' to hold this traffic to the rail Unes of the O. R. AN. and preserve the milling in terests at Portland that the steamers are operated between Portland and the orient I assume that the profit on the rail haul is sufficient to recoup the loss on the steamers." Portland shippers . are charitable enough, to say merely that the Union Pacific's general attorney has been mis informed. They say It Is but another evidence i that the authorities of the O. R. ft N. and its steamship line re side too far from the soene of opera-: tlons of these properties to learn the facts,' or to remedy the,, unfortupate conditions under which they try to operate. It is regarded nere aa a very pitiful sight, to : see the Portland , & Asiatic Steamsnip company operating at a net loss of $55,000 annually, while some 5- or ISO other steamship owners are operating steamships : . at liberal profits ,between roruana ana tne ori ent, although . the Portland ft Asiatic company has back of It all the. power ana prestige or me union -ciiio n continental railroad system, and the other owner! have no railroad backing. Among shipping men it is said that the amount or oriental tonnage cameo bv the Portland ft Asiatic line is incon slderable In comparison to the gross tonnin ofit of this tort. There are no less than SO steamships operating between Portland and tha - oriental norta where the Portland ft Aaiatio com pany, or Harrlman lines. Is operating four vessels. -. nour Trade-Would Survive. The absurdity of Judge - Lovott'a statement is made apparent, when it la seen that of six steamers in port load- in wheat and flour for the orient only one. the Aragonla, Is a Harrlman ves sel. Of 24 steamers now en route to Portland to load wheat flour and lum ber of China and Japan, only one is a Harrlman liner. Tet the eminent gen eral counsel of the Union Paclflo-sys tem tells the interstate commerce com mission at Washington that were the Portland A Aslatlo Steamship company to take off its four vessels ' the flour mills of Portland and points on tbe a R. A N. Co. 'a lines would close. Shippers point cut that the flour trade would survive quite vigorously if Mr. Harrlman withdrew bis steamship Una, and that the wheat would continue to come - down the river from eastern Oregon and Washington even If the re mainder of the cars were taken off the a R. ft N. lines. They aay it is a mis taken policy for Mr. Harrlman and his attorneys to assume the Santa Claua attitude to the business Interests of Portland and Oregon. , The fact that tha Harrlman railroad lines own the Portland A Aslatlo Steam ship company, the Paclflo Mall Steam- hip company and a half .of the stock of the Oriental A Occidental Steamahip company operating out of San : Fran cisco, and that -Harrlman officials claim most of the time that these lines are running' at a loss, is said to place the Whole rail and water combination of union Pacific and Southern Paclflo In aJ&d'.-light It is declared that the railroad owners do not understand how to manage a steamship line, and"'tbat they are attempting to monopolize. the land and sea transportation at the, ex pense of the rail freight shipper. In stead of learning how to operate ocean vessela or leaving their operation to people r he know the practical ids of the. business, i.-'-,., r.''1 Among shipping men it is the opinion that these water lines are not running at a loss as claimed, for they-constant- iy get more business . than they can handle, and large amounts of tonnage and frequently passengers are left oa atarrlmaa Oetg Toy SMtea. ' ' The Waterhouse .company, with no railroad transcontinental .freight busi ness back of It, Is running twice as many steamers between Portland and the orient as is the Portland A Asiatic Steamahip company. The Harrlman steamship line always ; gets the top rates for carrying Its oriental tonnage, and recently when' It had pushed up tbe flour rate to between f 4 and S5, half dosen Japanese steamships came in quietly and dropped it to IS. There was so much tonnage waiting for ships that the amount was sufficient to load them all. and everybody was apparent ly happy notwithstanding the lowering of the rate. .. - Shippers allege that the rates are too high on both rail and water carriers If the Portland A Aslatlo - Steamship company can, as alleged by Judge iovett, lose two and a hair times Its entire capital stock in Ave years on the oriental carrying trade and recoup the loss from the freight earnings on wheat alone from eastern Oregon and Wash ington to Portland. Orient XusUass to Msec. If the Portland A Aslatlo Steamship company la losing money, as alleged by Mr. ivett n can only be explained that their ships are prevented from competing with the Paclflo Mall and the Oriental' A Occidental Steamship com pany for return cargoes. The two .lat ter companies are Harrlman steamship lines operating between San Francisco and the Orient They are favored in every possible-- way,'' against-; the port of Portland, tai San Franolsoo Is a ter minal of both the Union paclflo and Southern Pacific ' railroads, ; ' The policy of the Harrlman manage ment Is to throw all oriental business to San Francisco, where it can be con venlently distributed between the two transcontinental lines for ; trans-shipment east- The result Is that the Port, land A Astatic Steamahip company gets only the leftover shipments for Its re lurn;Tuns. it tr has lost 1263.000 In, five years the only reason fairly assign able is that it la not permitted to huatla in a legitimate business way for return cargoes from the Orient - THREE WIFEBEATERS DIVORCED EVERY WEEK - Few. wife beaters get Into the 'orlm inal courts of Portland, but they are being divorced : at the rate ot three a week, at a very conservative estimate. The ' latest wife beater to be made a defendant in a divorce suit , is Henry M. MlUer. Hla wife, lassie Miller, charges htm . with having contracted the drink habit toon after their marriage, alnoe which time he has t frequently struck, choked, cursed and abused Hot In other ways.: The couple were mar ried in Prince Edward Island,X Canada, CUTS0P COUNTY-NOW HAS A FRUIT INSPECTOR tSpeetal Dispatch s Tbe Jearaal.) ? Astoria, May SAt this morning's session of the county court C 8. Dow was appointed fruit Inspector. An as sertion was made to the court that It is a common' practice since the strict In spection of fruit in Portland, for whole salers to , ship Infected fruit which would be condemned there if offered for sale, to Astoria and other points in the state where there , are . no fruit in spectors. Under tha law the. inspector la authorised to seise and destroy any wormy or diseased -fruit ' Mr, . Dow In tends rigidly to enf dree the law. : , NOTICE TO THE PUBLIC AHnoimceMt on May 4m to Stock if r v The announcement of an increase in the price of stock from 15c to 20c, which is being published in the papers in the principal coast cities, has brought a tremendous amount pf business from people of all classes, and it is safe to predict that before May 4th the entire allotment will have'Jaeen disposed of. "Never m the history of mining promotion has more enthusiasm been evinced than by the many who have interested themselves in this valuable property, r which, before long, will be in the class of big producers. v . t- ' - MANY WONDER WHY, if the Nevada Walkover Mining Company has such valuable property, that they are offering "their stock for ;:'sale.mw : . A MOMENT'S THOUGHT WILL1 SHOW THE REASON. A mine is exceedingly expensive to operate. In fact, an expenditure of thousands of dollars is necessary before wthe shipping of ore is possible. " T - 4 f a . " - A steam hoist must be installed and a lengthy pipe line laid. Buildings of various kinds must be . erected. Now, this all costs lots of money, especially in Nevada; where prices for material and labor are exceedingly high. ; . 1 V The owners of the Nevada Walkover Mining Company are mostly business men, who, wfyile they are comparatively wealthy, cannot spare a great amount of ready cash from their business. While each has assessed himself a goodly amount for the development work of the mine, there is still considerable money needed to complete thelnstallatioirof the "plant As soon as this necessary cash is obtained, by the selling of some of the treasury stock, the plant will be rushed to completion, and it willjthen be only a question of a short time before the Nevada Walkover Mining Company will be shipping valuable ore.- 11 ' ' . v ' From the way subscriptions are coming in, it looks as if the amount of stock offered for sale will soon be disposed of. Therefore the company reserves the right to return to the sender any money which might arrive after the allotment is sold. 5 ? i'r;'"::'---; As the price of stock increases to 20c at midnight on May 4th, it will be necessary for those desiring to purchase at the 15$ price to have their orders, together, with a check or money order made payable to the Nevada Walkover Mining Company, deposited in the. mail box by that. time. , . - , ., . location olRlincs The Nevada Walkover mines are located on the Egan Range, four miles "from The Nevada Northern Railroad and five miles from Cherry Creek.' The Egan mine lies one quarter of a mile west and sold last year for a large fortune and is shipping rich ore today. The Nelson mine refused an offer of $60,000 last July, and lies, on the north., just . across Cherry Creek,' and has the same ledge and formation as the Nevada Walkover. The Hunter,: or, better known as the Vulcan mine, lies just south and is on the same ledge and has. the same formation - as '. the Nevada Walkover Mining Company. , The National lies two miles east and a little farther lies the famous Star mine, from which over $4,000,000 worth of gold has been shipped. : THE NEVADA WALKOVER MINING COMPANY, with a 50-foot ledge traversing our' seven (7) full claims (140 acres), with splendid, surface assays and surrounded by such rich producing mines this makes . your investment nora chance, but a certainty. And we cannot recommend this1 stock to you or our friends too highly. ' ,J " . The Nevada Walkover Mining Company Is incorporated k i unucr : uie , uvn oi , Arizona lor ?i,wu,vuu, " uiviaea into 1,000,000 shares (far Value $1.00), of which 400,000 were placed in the treasury. y ' ' ' ' ' ' This stock' is fully paid and NON-ASSESSABLE, and , will be listed on the stock exchange. . - " T MAP NmmmiKovERonoap tronro ' sons Sitraj . Mountain,; Pooitively No Stock Will Be Sold for 15c JjLfter , lURXEn OT .. B. : 3. TBATTOaT. -. guarantee to my clients is tha every dol. lar Invested la this company wUl be hoaeatlv spent Is pushing aevelopinemi work, a4 thjit the books of this company are always tmeri to stockholders Aurlng offloi hoars. Presldsnt. I; . ' ill fun !&'fft7'-T-- h 111 -' 1 I : ii 1 ii i ii fill ii ii 1 1 1 1 . s v Vw. .- 1. 1 I ;t I r i 'M .wr'..,.y m t vi - 1 a.- . ;i itacreases; n mhmp m , . - nil -v t . - - ' ' BeBpnidini ' . s; .GlotMes.V; , Recognized at a glance ; 1 1 They're so different from others j .r .r 311 Nornson,. Opp. Postotfice-r' - " - J i i ' , - - . ; 1 1 .B 1 1 - m n Midnight, May 4th or; You Can Buy Stacfr Blow Three Days More 15c-CA3H ONi;Y 15c 60 Shares 7.50 100 Shares 15.00 200 Shares 30.00 250 Shares $ 37.50 ,JiQQ Shares 75.00 1000 Shares 150.00 16c 50 Shares 100 Shares 200 Shares - INSTALLMENTS - $ 8.00 $ 2.00 down and $ 2.00 ; 16.00 4.00 down and 4.00 32.00 8.00 down and ; 8.00 50 Shares 40.00-1 10.00 down and . 10.00 00 Shares 80.00 20.00 down and f 20.00 1C0O. Shares 1C0.O0 40.00 down and 40.00 -i6c ; for 3 months for 3 months for 3 months for 3 months for 3 months for 3 months SPECIAL LAST REPORT sFROM MINES $400 ore was Struck at the, 25-foot level on adjoin- -ing property last Tuesday and ? the claim was sold for $15,000' -' Investigate The . Nevada Walkover, but doTnot miss the 'opportunity,, for stock will not be long on the market. If you -wish for, further particulars, . apply i - , , . Purchase Coupon E. J. STRATTON, - , 0 c President of the Nevada Walkover Mining CJoV-'v 393 Geary St San Francisco. , , ' , Dear Sir: I hereby agree to subscribe for ..i '.' . ahares of , the Treasury Stock of the Verada Waikorer sUaiaa Co and agree to pay you. ...............w.,..per share (15 cents per share )t.your remittance pays your subscription In full, or If cents per share if jrou pay In monthly Installments). . - , . iiv,. , . I Inclose herewith my remittance for ';.,..,.,,. Please acknowledge receipt. , v ' , , " , . Tours truly, , - Name . ; . . r .......... . ... . ;..L,. , ....,,, i ; -. ...... ..,...... . State ,i ...... ,i.,V'.V','i VOTE aro anbsorlptioa for less than 50 shares will be : aeenta This stock la foQy pala and aoa-aasessable, - Town : CEMCE! DCIEJ 'Any One Desiring Ice From .v .; The City Detail Ice Co.; ; The. Portland Artificial Ice Co., f The lndc)cndcDt Coal 5a1ce Co or : The Crystal : Ice Storage Co. CAIL MAIN "11 ; ffQA M nfl nTTJArw Pgx . H. Carlock. Mgr. lllbVaiJlaVJUlVVsVJl V Office; 55 J S!k GARDLNPLANTS We , now have thousands of Vegetable and FloweringPlants for Outdoor Planting. Godd, strong, healthy, well-rooted : plants at reasohable prices. . Call and make your selection for present , or later delivery. Last call for . two-year-old Ro .Bashes, Fruit Trees, etc. - .... . LI.' lftslM3hiiii.l'5wil(Ciii, ii ,1.