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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (Aug. 22, 1907)
I: t 2 WLUlli'Jjl'K.! THE OREGON DAILY JOURNAL PQRTLANP, THURSDAY; EVENING, AUGUST, 2, 1007. WIDESPREAD SUFFERING RESULT OF BANK CRASH ' i I Failure of Oregon Savings Strikes Dagger Into Purses of Thousands Who Could HI Afford to Lose Disaster Spells Ruin to Finances of Girls and Women. YOUNG CLARK DEFENDS HE Aids Colored Man in Butte Police Court. Open Your Mouth Like yoniuMiIrd and mlo down what erer food or mqdlclne may be offered 70a f Or, do you want to know something, of tht composition and character of that which 70a take Into you stomach whether U food or median 7 Most Intelligent and senaTble people now-e-oars ins 111 on srnowinr what the 1 mm ri if iw w n en lm mr mm iihhi nr mm 11 1 11 isi Son Of Multi-MllIiOnaire Dr. Pierce belie- they hare a perfect right to Mists a pon such knowledge, so he publlihe,heoidcMt and on each bottle wrapper, whaTTaMdiflnee are mad of and vetines iwhw aata This he feels RO Individual distress In erer-widenlns; circles Is coming to light as the result of the failure of the Oregon Trust & Savings company yesterday morning;. Case's where the accumulated savings of years were engulfed In the wreck of the bank. where the results of long continued sacrifice were swept Into the ruin and where the little sums set aside for emergency calls were swallowed up are being told and retold on the corner of Sixth and Washington, where anxious depositors have gathered and watched the close-curtalnd windows of the shattered Institution. Olrls Lose Everything. t E. L. Hynson, a young man working ' tn the advertising department of the Telerram. Is one of the victims. For several years he has been working dur ing; all of his spare momenta to raise a fund sufficiently large to take him through a medical course. As fast as be accumulated a small sum he would deposit with the savings department of the Oregon Trust A Savings bank. Four - Ndays ago he completed the sum with the aid of a contribution sent htm by 'his mother and placed it all with hts former deposits. As a result of the . crash he will be compelled to forego his year at college during the coming winter. jit the Has wood creamery the man ager had 1750 deposited tn the savings department, while the great majority of 1 the girls employed in the creamery de- K sited their savings In the bank, the llure of which leaves them without available funds. The story '. told of a woman on the east side, who, foreseeing domestic ' trouble, sent a large sum of money to the bank for deposit In the name of her sister. This fund was also lost In the failure. A young couple In the city who did not desire to have their namea used told a story thle morning of having saved for several months to raise 1300, the last payment on a home which was be ing purchased by them. Thursday or Friday this fund was gathered together and taken to the bunk for safekeeping until the first of the month, when the payment became due. As a result of their deposit their home is endangered. An old Oerman woman, living on the east side, lost $500 with the closing of the hank. For this sum she had women from six In the morning until six In the evening; for $1 a day tor the jast five years. Her money was In the sav ings department. The stenographer at the Western Union office Is said to have lost J600 which he had on deposit In the institu tion. One young man emploved In a leading wholesale house was engrafted to be mnr rled the first week of the coming month and for the purpose of starting house keeping l.ad accumulated 1400, which he nad on deposli In the savings de- nurtmnnL Now he snd his brlde-to-oe are discussing the question of whether they shall postpone the wedding or gei married without any money on nana. Caught the Little Ones. These and many other similar tales show the wide circle of the banks dls astrous Influence. It carried more small savings accounts perhaps than most of the larger institutions In the .city, due in a large measure to the high rate of Interest offered on such accounts and the further fact that It remained open deposits on Saturday evenings. This procedure was a great con venience to the wage earners who found It difficult to reach the bank with their deposits during the regular banking hours. More clerks, waitresses, stenog raphers and people engaged in similar lines of employment have been caught In the crash than would have been the case had any other of the city Institu tions closed its doors. f Journal Special Barrlce.) Butte. Mont.. Aug. t J. Distinguished Li ford tfljto fafif-eUi-f, thi is or which hi are made r studied he can w fte lpgr-c hlch hit medicines end understood tii Indeed was the witness and the counsel " "V-t ......vu, for Harold Holmes, a negro arrested in y ihm r.nnrliBn club Monday night for gambling with Frajik Smith and Rueben Slaughter and charged with vagrancy. "I'll ask you to be entered as counsel for Mr. Holmes," said W. A. Clark Jr., son of former United States Senator W. A. ("lark, the copper magnate, who sat at the attorneys' table In police court. "I haven't practiced for years, but I'd like to defend this gentleman, who 1 am informed is Innocent. I'll ask that Mr. Jesse H. Koote be called as a wlt- neKs and we will go to trial, as Mr, Holmes has waived time and a Jury. With that introduction Mr. Clark sat For the cure of woman's peculiar weak nesses, Irregularities and derangements, firing- rise to frequent headaches, back ache, dragglng-down pain or distress In lower abdominal or pelvic region, accom panied, ofttlmes, with a debilitating, pelvic, catarrhal drain and kindred symp tom! of weakness, Dr. Pierce's Favorite Prescription Is a most efficient remedy. It Is equally effective In curing painful periods, In giving strength to nursln? mothers ana In preparing the system of the expectant mother for baby's coming thus rendering childbirth safe and com jar hi r.i . -tt - y - Anwn loaaa H Rnnle. th national f.i.wiuij isauuivM. j. us Judge, and the prominent attorney and scrlptlon II his black client sat side by side and Judge McOowan administered the oath. Holmes was not at all Impressed Dy the fart that he was being defended by ?nZ"J X. I ??irnh. h1- .?niiH nervous prostration, neuralgia, hysterl young man In the northwest. His stolid v at vi. Ji . . ... Indifference was unabated and remained pasma. Chore or St VltUS S dance, at BANK BONDS (Continued from Page One.) - a reporter for The Journal that he bad a perfectly clear conscience In connec tion with the difficulties in which the Institution Is now placed. In dlscusr sing the matter he said: "Really, I don't think anything more should be said at this time as the public is already pretty well worked up over the matter. However, In my own behalf I desire to state that I do not owe the .' bank a single penny and never drew eut of it a single dollar. It was late Mon ' 'day afternoon 4hat I first learned any- 'thing was wrong and I am free to say , .It unnerved ms greatly. I was sick for several hours. I was out today and at tended to business. I' am all right again. . . "I think Just now. as little said about , ,the matter as possible, the best. The newspaper. Including The Journal In particular, have treated the matter In a very fair and considerate manner. I think the best thing to do for the pres ent Is to wait until Mr. Devlin an re ceiver makes a statement, which I learn today he will do In a day or two. "Personally. I think at this time I could say something which would send Joy leaolng to the hearts of many de positors, but it Is premature, and I de cline to make any statement. Mr. Dev lin, I think, will do so in a day or two. ' FUMIGATE ALL SHIPS TO PREVENT PLAGUE (Special Dispatch to The Journal.) Astoria, Or., Aug. 21. Or. John M. Holt of the Columbia quarantine sta tion Is planning to have all coastwise ships fumigated upon their arrival at the mouth of the river. The recent out break of the plague at San Francisco is responsible for the scheme. so during tne trial. Holmes quitted. early was momonta of triumphantly the ao- PUT WIRES oldest rainrr ooarPAjrr nr omxoov." r Statement of the Condition of Portland Trust Company of Oregon At the Close of Business: xxsotnaexe Cash add due from Banks Bonds Bonds to Secure City Deposits Stocks Railroad Notes Loans and Discounts... Improved Real Estate (10,000 q- ft.) S. E. JH;VWi U IIU JULM. DIB. ior uanjcing nouse ana Future Additions Other Real Estate, Im proved and U n 1 m -proved Furniture and Fxtures.. Home Savings Banks . . . T.T A.BTT.inX B Demand Deposits $229, 264. 8S Savings Deposits 22 1.932.65 Time Deposits 958,055.25 Individual Credits 2S.256.68 Total Deposits Capital Surplus Fund Undivided Profits August 21, 1906. 160.368.9S 743,883.78 24,676.00 -?9, 6032 12T.114.04 26,732.81 12,282.77 1.698.00 Si.T6A.358.20 August 21, 1907. I 478.598,91 702,075.00 322,600.00 24,700.00 29.660.00 827,983.09 169,767.85 17,819.98 10,000.00 82,668.085.73 (Continued from Page One.) of the Portland General Eleclrlo com- ranv crystallized matters and Mr. Vaughn believes it Is time to make his plan known. In view of the fact that the electric com Dan v has asked tne council to extend its franchise. The matter of extending the franchise will be brought up before the street committee and the Judiciary committee jointly this after noon. Vaughn and a number of other coun oilmen contend that since the city coun cil is purely a legislative body, with no executive functions, it has no power to override the executive board and grant an extension to a franchise which is dead through its own llmltatloni He maintains that- in order to proceed with laying the pipes for the heating plant the Portland General Electric company must ask for a new franchise. Vaughn believes further that before a new franchise is granted the company the municipal conduit subject should be disposed or dv the council. Trolley Wires Endanger Life. When keen this morning the origi nator of the resolution said: "If the city of Portland wants to keep good streets throughout the city and lessen danger from supercharged electric wires, it will do well to adopt some plan which will give us a muni cipal conduit to carry these wires. I believe the people are in favor of do ing away with aerial wires and dig ging ud the streets every other day, and It is for this reason that I intro duce this resolution. "Every time I cross Intersecting streets I am mortally afraid of snapping trolley wires and I am not the only one who is afraid. Every day I see our hard surface pavement being marred by trenches for gas lpes, water pipes and other pipes. Once the streets are disturbed they can never ne placed In their former condition. If Portland grants the Portland General Electric company a franchise which will permit them to dig up the streets to Install a heating system and then allow them to continually remove the pavement to make repairs we might as well quit Im proving altogether. Excellent latlafactlon In East. "I suggest the plan of placing the trolley wires in the conduit because It has given excellent satisfaction In Washington City and other large east ern cities. Broken trolley wires have caused no deaths In these places. 'I have given this heat franchise matter a great deal of thought and I am not In lavor of permitting the elec tric company to escape its negligence. If we grant these franchises they should be lived up to the letter, and I shall be one to vote against any extension of a dead permit." most notent. strengthening ionic to me general system ana to in: organs distinctly feminine In particular It is also a soothing and invlgoratim nervine ana 'cures nervous exhaustion n anc other distressing nervous symptoms ct tenaantuDon functional and organic ais eases of the distinctly feminine organs. a nost or medical authorities oi an in several schools of practice, recommem each of the several ingredients of whirl Favorite rrescripiion" is made ior in cure of the diseases for which It Is clalm i to be a care. You mav read what the1 say for yovmetf bj sending a postal cart request for a fret booklet of extract from the leading authorities, to Dr. R. v Pierce, Invalids' Hotel and Surgical In itltute, Buffalo. N. Y- and It wllfcome U you by return post. BUTTE PREACHER IS UNDER NVESTIGATION Methodist Conference Places Eev. Wilder Nutting on Trial. VIOLATED LAW (Continued from Page One.) S1.43VI:.H8.66 300,000.001 12,000.00 16,749.64 SI, 766.268.20 1966,980.21 258.690.97 964.424.30 37,768.12 32,217,763.60 300,000.00 38,000.00 14,322.13 $2,668,085.73 BETWESIT AUGUST 81. 1906, Ajn ArOTTST 81, 1907, TWO 9XVX9E2TB8 OT (8,000 BACK WXU PAIS. SECURITIES, AUGUST 21, 1907 PAR. LISTED BONDS. avs 60,000.00 Southern Pacific, First Refunding 4's 60,000.00 I'nited Railways, Gold Trust 4's (Philadelphia). 60.00P.00 8t. IxMiis & Ban Francisco, Refunding 4's su.uvo.oi JMorroiK & western. Consoidiated 4's LEDGER VALUES. 20,000.00 Electric & Peoples, 4 s (Philadelphia) eii.oou.oo Metropolitan St. Ky. (N. Y. ) Refunding 4's 60,000.00 Chicago. Rock Island A Pacific, First Ref d'g 4's 30.000.00 Interborough-MetroDOlltan lU'a 60,000.00 Atlantic Coast Line (L. A N. Collat) 4's 20,000.00 United Railways Investment Co.'s (Philadelphia Co. Stock Collateral) 6's 80,000.00 Oregon Railroad & Navigation 4's- 60,000.00 Oregon Short Line, Refunding Gold 4's 10,000.00 Consolidated Traction Company of New Jersey 6's 60,000.00 Erie First Consolidated Prior Lien 4's 30,000.00 Colorado & Southern First 4's 41,600.00 46,600.00 41.6O0.UO 40.600.00 29,400.00 19,000.00 40,000.00 45,000.00 22,700.00 43,250.00 16,600.00 29.376.00 46,600.00 10,000.00 48,250.00 27,000.00 $ 620,000.00 I 647,076.00 BONDS TO SECURE DEPOSITS OF THE CITT OF PORTLAND, OREGON. 60,000.00 Central Pacific First 4's I 48.000.00 60.000.00 Louisville & 60,000.00 Atlantio Coast Line Consolidated 4's 48.600.00 Nasnvllle. Unified 4 s 60,000.00 4's 10.000.00 48,000.00 48,600.00 I 830,000.00 10,000.00 Port of Portland Dry Dock 60.000.00 Chicago, Burlington & Quincy Joint 4's 60.000.00 Reading General 4's 60,000.00 Chesapeake Ohio. General 4H's 60,000.00 20,000.00 Norfolk & Western, Consolidated ' 19,600.00 t 122,600.00 !H22 P,rRJon-,,Watr Power & Railway Co. 6's t 67,000.00 Jt'SSSaS g00' Rir Electric Light. Power & Water Co. 'a 28,600.00 Ji'252 52 i!!! cal Improvement 7's 11.000.00 JS'nSX -L?.cal lmPrvement ' 10,000.00 iMS'5! ?TUKl.S?mmtr.cl,u.9ub BldJ3r A,8n- ' io.ooo.oo sO.000.00 J. I. Case Threshing Machine Co. 6's JS.600.00 I 165,000.00 f 161,600.00 GRAND TOTAL, 1,10,600.00,..,. ..11,024,676.00 Portland Trust Company of Oregon ,-. --. ' B. XL. COB yt BENJ. 'I.' COHEN. . . ... :v t "-. r nn ajto oax srrm. won zzosAjrox 7a. .President J TO. GOLTftA. ... -Asst. Secretary 3. LEE PAGET... H. L. PITTOCK.. Secretary .Vice-President ?uestlon was carefully gone into before inally determining to prosecute the of ficials. iiaHlng the action upon inter views of the officials as to knowledge that the bunk was badly pressed for money as late as last Friday, it was decided that evidence could be pro- I vuicu Ttjiiiii nuuiu uuuvici lue UttllK- l ers. After arriving at this conclusion s question arose as to which statute cov ered the case, because of section 34 in the new banking law passed in Feb ruary referring To reports to be made to the state bank examiner. This sec tion says that within 12 months after the act goes into effect every bank do ing business in Oregon shall make a renort to the state bank examiner Further on the section says that within 18 months all such banks shall comply wiin hu provisions or mo act. A ques tlon arose an to whether section 34 in validates the previous sections at this time. Can Be Prosecuted. Mr. Adams' interpretation of the law Is that the other sections went into force 90 days after the passage of the act, February 25, and that the bankers can bo prosecuted under section 18 of tne law. D. M. Watson, owner of a restaurant on Washington street, deposited 1200 in the bank Tuesday afternoon through his manager, and called at the district at torney's office this morning in an ef fort to find some way of securing his money. Mr. Watson stated this morning that he would not make a move against the officials at the present time because of his friendship for W. H. Moore, presi dent of the bank, but may sign a com plaint later. Another man is known to have called on Mr. Adams today and signified his willingness to sign one of the com plaints. It Is expected that others will be filed as soon as decositors learn that they can proceed against the bankers Mr Manning will return to Portland this afternoon and take nersnnnl ihan of the cases against the bank officiafs. Baa Ho Jurisdiction. Hank Examiner Onrm w Rtoni 1 advised from the attorney-general's of fice that he has no lurisdlctlon nvr ih. affairs of the Oregon Trust & Savings oariK. as u naa not make the report to uw uiuiio i. monms nrrnr tha ian7 K.nir- J ing law was passed. HELIX RANCHER GETS RECORD WHEAT YIELD (Bpeclnl Dlnpatrh to Tbe Journal ) Walla Walla. Wash . ti ' tv. biggest yield of wheat, on any consid erable acreage has Just been harvested on the farm ef W. M. Rmn ini. near Helix. Mr. Scott harvestert an ....- age of 66 bushels to the acre off 160 acres. He used 65 sacks of wheat in seeding the ground and took off i nnn sacks. The wheat is the Dale's Glory variety, and will grade all No. l. H03IER GEARHART IS DROWNED IN COWLITZ (Special Dlapatch to Tbt Journal.) Anaconda, Aug. 22. A very unusual proceeding has developed at the men- tlon of the state Methodist conference I in that a church trial Is to be held l which has caused a sensation. Grave , charges have been preferred against Rev. Wilder Nutting, one of the most nrnmlnent clergymen In Butte. This has not been brought before the con- ference sessions ana possiDiy win noi be. further than the fact that charges I have been Dreferred against him. It is understood, however, that the accusa- I iinm a.re with reference to business i transactions in which he is said to have acted Improperly. Bishop Moore of Portland has named the following court of ministers which will hear the case: Rev. Mr. J. A. Bod- con, chairman : F. E. Dodds, H. A. James C. E. Miller, C. E. Cunningham, I, S. Ware, P. M. Adams. F. M. Falrh, J. A. Meek and W. E. Snider Rev Mr Oliver was appointed to act as oounselor for the defense and Kev. Mr. G. A. Wells for the conrerence. i The proceedings of the committee will be private until the report to tne con ference Is made. FIRE CAUSES PANIC ON GERMAN VESSEL (Journal Special Service.) New York, Aug. 22. Fifteen hundred passengers on the big ocean greyhound Frederick der Gross, which reached New York yesterday, were thrown Into a state of panic when a brisk fire broke out in the ship's laundry. The ship's 200 first-class passengers, who were in the dining saloon at the time, rushed pell-mell to the main deck In great confusion while members of the crew fought back 1,000 men and women in the steerage who attempted to stam Dede to the main deck. Three hundred second-class passengers made their way to the quarters of the saloon's comple ment and began to adjust life preservers, while some of the minor of ficers lowered life boats. After 16 min utes' vrork the flames were extin guished and the passengers' excitement calmed. Everything will be sold at one half price tomorrow Friday at the Golden Eagle, Third and Yamhill streets. Money must be raised quickly on ac count of recent bank failure. LONDON PAPERS SAY , TAFT IS BEST MAN (Journal Special Rrrrlee.) London, Aug. 22. London papers are loud In their nraises of President Roose velt and Secretary Taft The Times holds that Taft Is the man to succeed Roosevelt as president, and upholds hla t, and upholds his It also denies that oosevelt was on dangerous ground in his stand on the railway question at Provlncetown. speech at Columbus Roi Sosenthal's Great 3-Day Sale ends Saturday night. Be quick. MONMOUTH NORMAL WILL BE REOPENED (Special Dispatch to Tna Journal.1 Castle Rock, Wash., Aug. 22. The 11-year-old son of Homer Gearhart was drowned In the Cowllta river yesterday at the ferry slip. The body was re covered at 2 o'clock, with no signs of Monmouth. Or.. Aug. J2. President Ressler announces that funds necessary to keep open tne normal scnooi nere the coming winter will be raised and that the institution win be conducted without state aid. Contributions are being received from the alumni and rest- dents of Monmouth are contributing liberally. S0Z0D0NT TOOTH POWDER The) Store) Noted for Boat Goods at Loweat Prloea felisiUiife'weaf'Cpsdafe J 4 ",j JKr $1.75 Gowns at 97c Friday and Saturday Only For a great Friday and Saturday special we place on sale 36 dozen fine Cambric Gowns at half regular price. Come in high or low neck, long, or short sleeves, lace, embroid ery and ribbon trimmed; best $1.75 and $2.00 svm values. Choice for two days at .......SlC Fine Cambric Gowns, V-shape or round yoke, trimmed with fine embroideries, laces, beading anfd ribbon, long and best $2.60 and $2.75 values. Extra special a a a or short sleeves, several very-dainty styles, p 1DJ Corset Covers 69c Regular Values up to $1 .25 On special sale Friday and Saturday only at this low price. Fine cambric and nainsook Corset Covers trimmed with em broidery and lace insertions, beading and ribbon, six different styles and all are best $1.00 and $1.25 values. Extra special, each DaC Odd lots of Corset Covers, some in plain styles and others with two rows lace insertion and edging; regular values up to nrt 45c. Friday and Saturday, each ajC $2 Shirts at $1 .1 3 Friday and Saturday Only Every woman in town ought to take advantage of this great bargain. Fine Cambric Skirts, trimmed tvith lace, embroidery, tucks and edging, full deep knee flounce and extra dust ruffle, sev- O eral stlyes; best $2.00 and $2.25 values. . .D1 10 Extra quality Cambric Skirts, trimmed with lace, embroidery and cluster tucks, wide flounce and dust ruffle; none in this lot worth less than $1.50. Friday and Saturday, each UtC $1 Drawers at 63c Friday and Saturday Only Women's and Misses' fine Cambric Drawers, trim med with lace, embroidery, tucks and hemstitching; splendid values at 85c and $1.00, all styles. Extra special for Friday and Saturday only at, choice, a pair DOC 50 dozen fine Cambric Drawers, trimmed with lace, hemstitching and tucks; standard 35c and 40c val ues anywhere in the city. Extra special for Friday and Saturday at, a pair LiDC $2.50 Waists at 97c Friday and Saturday Only 200 beautiful lace and embroidery trimmed Waists, sheer white lawns and mulls, on sale Friday and Saturday at less than half the regular prices, long or short sleeves, open front or back and every one fresh and clean. A few new tailored waists for fall included. All A7 1 e7IC J go at. Broken lots of White Lawn Waists, some slightly soiled from handling and display; regular values up to $1.35. Take vour pick of any one in this lot at, A'Xg special tTJI $7 PANAMA DREvSS SKIRTS $3.98 Paris Patterns lOc Seam Allowing sxaaaxs nosihhow qnv cramx hsnhod Paris Patterns lOc Seam Allowing The mark of the IJighest Grade Dentifrice, the stand ard in every country in the world, is SOZODONT. - MILTON IS PLANNING IRRIGATION EXHIBIT Milton, Or.. Atut . M. The Milton Proirressive association has appointed Attorney S. D. Petereon of this place as a aeiesraie w "" "" tlon eonatress la Sacramento in Sep tember. A committee composed or ur. and Mrs. McQuarry, S. D. Peterson, Tas ty Stewart and W. A. Peterson were elected to prepare an exhibit for the convention. ..Administrator Discharged. An order " waa entered In the . county court today dlscharg-ins W. H. Wver more as administrator of the estate of Maria J. Ltvermore, deceased Ottorlnff All laminar Footwear. Br7 pair reduced at Rosenthal's, LA GRANDE SALOON PROPRIETOR FINED (Special Dlapitcb to The Journal.) La Grande, Or.. Aug; 22. J. N. Kline, proprietor of the Hickory saloon, was arrested upon complaint mat nis sa loon was Deinsr Kept open after mid night Sunday night. A verdict of mil ty was rendered and he was required 10 pay si line or siou. FIFTH SUSPECT WILL BE ARRESTED SOON (Special Diaeatcb to "Tht Journal.) Butte, Mont., Auk. 22. It was report ed today that a fifth suspect In - tho holdup and murder case, in which Tow er Hastings, Delabar and Oruber are held In jail as defendants, may sooa be arrested by the police or sheriffs of fice, and that the man has been under surveillance by officers for some time. It is also said that this man Is the person whom Towers had in mind when he spoke of a man named Dutch as one of the robbers. Grutier has been taken to Boulder lately, and is In jail there. RAILS NEEDED FOR , NEW WALLOWA ROAD Elgin. Or., Ausr. 22 TheWallowa extension of the O. R. NSfa now complete to a point 11H miles TlKt of a considerable distance into Wallsar coumy. ai ieai iwo montns will oe required oeiore tne steel rails are lain 10 yvmowi as proposea. Bosenthal's Biff Shoe sow on. AU summer shoes reduced. - , h