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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (Sept. 18, 1907)
THE OREGON DAILY JOURNAL, PORTLAND. 1 WEDNESDy AY EVENINO, SEPTEMBER 18, V 1907. not reopen Jintll all these securities win nuiwa or unless tiier were ex- Ohanged for deposits. ' Xha depositor who takes bonds will m,nuw wnicn wun lam icoom panying stock bonus, ought In ft short lima to brine; him more than tha amount of hi deposit. If ha wants to tell tha securities ha ean place them on sals with the bank whan It open. Wa foal aura whan onoa tha depositors realise that If we cannot make thaaa rhirM the receiver must continue Indefinitely President Moore Explains! out7-wi" '" to mp His Plan for Eeopen- Iniiniirwinn nirr lng of Bank. Afer days spent In carefully weigh lng various plans offered and computt lng the chances for success, the prin ' clpal owners of tha Oregon Trust 4k Savings bank have at last fully under way a chosen plan for reorganisation of the bank, on what they believe will be a larger and much better scale than oerore. . It is to be a "depositors' bank." That Is to say, the largest poasible amount 01 me siock wiu be placed in the nanaa of the depositors, thereby making them not only friends but boosters for the success and permanency of tha tnstitu , tion. - President H. W. Moor Is the prlnol pal backer of tha new nlan. and la nlac lng all the capital he can command on me result, fronting by paat experi ence, the management will, It Is said, be In able and conservative hand and every precaution will be taken to launch the reorganisation along aafe cnanneia. Mr. Moore said: tetter Seat to Depositors. "Our committee has prepared a let ter, a copy of which was printed In yesterday's Journal, and this letter Is being aent out to all depositors of the ia Dan k. Each letter is accompanied vy lorm or contract which the ae. yuBiior anouia sign at once, ir he or she desires to Join us In the effort to reopen the hank and place It on a per manent basis. The contract! signed uuuiu o maiiea to me receiver. "Thoae who do not understand the pian anouia address a letter to room 7 Lafayette building, and make anv In- ciulrlea they dealre. We wou.d like to see everyone personally, but there are so many depoattora that If we gave umiii me necessary lime ror an Inter view we would never get through this Will K. OF COUNTRY CLUB Extensive Improvements to Be Commenced at - Once. fha I'fPQsitors Jin not seem to realise ai oerore trie receiver could nsr tnvm he must get money out of the securi ties, mey no not appreciate that for uimio ao mis as a receiver a consld rable amount of time would be re. quired. Mr. Devlin is doing everything ...m iuuiu m uune ny a receiver to save money ror depositors, but there la vuuuu in do considerable loss un mi Extensive improvements are under way on the property of the Portland Country club and Livestock association. A corps of engineers has been at work for the past week cross-sectioning the Site. Which comnrlnea an flA-an-a tra to I lying between the ttarr and Sandy roads o Kujuinina; in nose city far it prop erty on the south. As soon ss the surveying la finished a contract will ho let for clearlnr off the underbrush snd grading the speed way. A contract will also h 1st in a short time for the erection of a number of stables, ample to house the large num ber of horses that will be shipped hers for the winter as soon as the fall race circuit Is closed. Clubhouse In the Spring. The Country Clubhouse and a-rand- sland, both of which will occupy the elevated ground north of the speedway, will be started In tha earlv anrlna ann ie reaay lor tne use or the driving as sociation, which will Inaugurate trl monthly afternoon matinees early next umriivr. A movement la nn font In hiva thla become the home of the Portland Hunt club, as the country beyond to the east and north la ideal for the lone chaaea MHiulgaa in by this organisation. pu From O. X. ft , The O. R. & N. trarlr run. within 400 feet of the southeast corner nt thla 80-acre tract, from which a anur trark will be run Into the grounds, making it j possible to ship stork from any part The Secret of Impressioij of the United States or Canada and run the depositors assist them Into the (rounds without unload- "If the aenojiltora win I . . . "." mryt g. fel. ln" speeoway win oe sneiterea rrom phone securities for their deposits then aImst every direction. It lies at the to that extent those ae-iiriti win' h.... foot of a natural elevation some 75 feet in height, which will be utilised for grandstand and clubhouse purposes. The clubhouse, which is to be built on this elevation. wiH command a magnificent view of the entire city, the snow-capped mountains to the east and north tha Columbia river and a vast expanse of Portlands mont pleasing suburban en vironment. The bench or hill that Ilea alonr the tract to the north and rnrven "Too many of our depositors flsrure to '"e south and east at either end nai ir the bank is going to reopen thev rormH a naurai amphitheatre and Is an been sold at par. It Is impossible for iriirr ia coueci in tne notes, as ....j .,i mo ueuiora must have time. nowever. exchange enough in capital stock on the bank for oci'uauB iu rover tne amount of the securities represented by notes. This, ...... v.-1, jiuucrif, wnicn ine re ceiver Is to handle, would enable the i.'u ujtrn up. wait and get their money t bad better They do not realise that the bank could T O I "An East Side Bank for East 8tde People." All business entrusted to the care of The Commercial Savings Bank nOTT aTO WILLIAMS ATB. Will receive the attention and courtesy consistent with good banking methods. Checking Accounts of Individuals and Firms Desired. Four per cent Interest paid on savings accounts, compounded semi-annually. Only $1.00 re quired to open a savings bank account George W. Bates. J. 8. Birrel .President . . .Cashier admirable location for the uses to which it is to be put. Speedway Zs Sheltered. The ground for the woeedwa is not only sheltered, but the drainage is per- leci, hiiu wie cnnraoier or tne soli is such that for a winter track It la un- equaled in the northwest. The association is firmly established with ample capital to carry out its riluna Ir wan ranl'aHiml u t IKA AnA of which $100,000 has been subscribed and Is being paid for as the funds are needed to Day for the site and carrv on the improvements. The remaining $50, 000 in stock is held in the treasury as an emergency fund. Plan Well Carried Out. The realization of the plans of this association, together with the -raising of $100,000, has been accomplished at a time when money for ordinary purposes has been difficult to obtain, and during the mid-summer season. It was done so quietly that few people outside of those directly Interested knew anything of It until it had been realized. This Is characteristic of Portland and Illustrates the Immense capabilities of the city. The organlzer of the association are confident that It will do more for the upbuilding of the stock Industry of the northwest than anything heretofore planned, and that it means more to the state and city than anything which has been undertaken since the closing of the juewis ana i;iarK exposition. GRElSiSlBE SAVINGS BANK OF, THE TITLE GUARANTEE & TRUST CO. OPEN ON SATURDAYS FROM 9 A. M. TO 1 P. M. AND ON SATURDAY EVENINGS FROM I TO I O'CLOCK. WE PAY 4 'MEREST On Savings Accounts, Interest Com pounded Semi-Annually. WE PAY 3 ON DAILY Balances of Check Accounts. OFFICERS: J. THORBURN ROSS - - President GEORGE H. HILL - Vice-President "T. T. BURKHART - - Treasurer JNO. E. AITCHISON -y- Secretary 240-244 Washington Street (Corner Second) PORTLAND, OREGON PAID THIS IN TH Millions in Dividends From Railroad,, Industrial and 3Iining Companies. September will see a disbursement by the large railroad, Industrial and min ing companies of this country of $76, 296,205 for interest and dividends, a larger disbursement than any prior to September, and over $35,000,000 more than September, 1906; $30,000,000"more than September, 1905. and nearly $35, 000,000 more than September, 1904, gays the Los Angeles Times. To this dis bursement the Standard Oil company will contribute $6,000,000, railroads nearly $19,000,000 and miscellaneous companies over $28,000,000. Week after week railroad earnings increase over tne Dig earnings- or corre sponding weeks of last year. Here are soma samples for the second week of August: western Maryland, $25,000 St. Louis & Southwestern, $32,000: Denver & Rio Grande. $59,000; Missouri Pacific. J63.00B: Colorado Southern. I58. 000: while 16 other roads had averaee increases or i4ii,uuo each (Oaily Finan cial News of New York). For the year ended June 30, after paying charges and dividends, Louisville & Nashville had a surplus or -',xou.uuu. tor June. Wheel ing & Lake Erie had a gross gain of $zuz,uuu ano a net gain or iioz.ooo. Chicago clearing house returns last week were $28,000,000 in excess of the same week last year. Vet Earnings Xnorsassd. The Missouri, Kansas & Texas rail way Increased Its net earnings In the past fiscal year by $2,763,908. Read what the western traffic man agers say: "Corn along the Chicago A Northwestern lines In Iowa and Ne braska was never better. Business with our lines Is good." "Along the Illinois Central the corn crop is good. In coal and general mechandlse traffio Is good. Earnings are keeping up well." "Traffic (j) ( sl Is appearance. The appearance of the man passes the rounds of; criticism and settles itself into a decree of judgment. The well dressed man is seldom a man of apologies and excuses. Give more thought to your dress and less worry to your impres sion. Some men can see but one side to the problem of dress the social side. Such men are not given over to very deep thought. The man of Individuality the man a distinct type in him self is the man who climbs highest. So with clothes. The togs that convey this impression of in dividuality are the sort that everywhere are most admired. The Suits We Have to Offer Are the suits built for the distinct type handed to us from the highest round in the tailoring profession. We cordially invite an inspection of the new Fall and Winter , Suits now being shown in our modern Men's Department, Suit Prices $15 to $35 SCHOOL SUITS Give the boy a chance to make the best of his opportunities. Good clothes are not necessarily expensive not so much so as poor, ill-fitting ones. We have none but the best to offer. Prices con siderably less than elsewhere, and in liberality to the patron of mod erate means, our terms A LITTLE DOWN $.00 PER WEEK Complete new Fall and Winter showing of Men's Top Coats Men's Cravenettes Men's Odd Trousers Men's Shoes Men's Furnishing Goods AND Uniforms For Motormen and Conductors A LITTLE DOWN $1.00 PER WEEK I. GEVURTZ SONS .Good Clothes Merchants ON "YAMHILL" Is Increasing in all classes. People are seeking homes in the southwest and buying land." "Along the St. Paul lines all crops are doing fairly well. Corn looks fine through all our section in Iowa. Tonnage increasing." "Corn along the line of the Atchison system In Kan sas' and Oklahoma and most of (big) Texas is in good shape. Loadings for our system average 2,500 cars a day, an Increase over last year. Merchandise traffic I good." "Having an active traffic, especially In hauling coal. (Bur lington). Grain, lumber, merchandise and livestock are all furnishing us good tonnage. Cattle movement from the southwest ranges Is heavy." Our "new south" has one half the standing timber of the United States, five times as much coal area as Oreat Britain and 25 per cent more than all Europe. Its cotton spindles number 9.760,192. an increase of 1,450 per cent since 1880, and using 1,017 per cent more cotton. Last year its crops (out side of cotton) were corn, wheat, oats, hay, tobacco, Irish potatoes, rice and rye, worth $610,783,000; poultry, $169, 000,000; dairy products, $136,000,000; fruits and vegetables, $110,000,000; live stock sold, $160,000,000; sugar and sugar products, $40,000,000; sweet potatoes, $18,000,000; miscellaneous, $16,000,000; lumber and timber products, $300, 000,000. In the past six years the cotton crops of the south aggregated $3,669,000,000 in value, or $1,186,000,000 more than all tha crnlrf and silver Droduced in the world In the same period. Her mineral ....! i ant wnrth ttf.n nnn - uruuuuuuu in ibvu n .. - -. - - 000. an Increase of 1,800 per cent since lastf. in loBU nor ramiuiaciui um uny, tal was $267,000,000; It is now over $1,800,000,000, with a yearly product of about $2,000,000,000. What the south is doing the middle west, the west, the southwest and the far west are doing in even larger volume. Tomorrow and Friday positively the last aays ior aiscuum u wi u B bills, II W M Laoo Pmcs HPT Tnta BWibco V. P. Lumber ExCnANOt Building liSf- .ASalSffl BfW aWfl"k WFW VHaS. naTSafafaW afaiTat OUR NEW POLICIES OFFER ALL' THAT. IS BEST IN LIFE CONTRACTS EITHER TO BUY OR SELL. Low Non-Participating Rates High Cash Values SUPERIOR INDUCEMENTS OFFERED TO RELIABLE ACTIVE AGENTS. , Apply to JSSSB X. SHAKY, KiASfsr of A-ents, ai4 fcumbst JUohaage Bid. Bankers and Lumbermens Bank Corner Second and Stark Streets PORTLANt), ORE. CAPITAL STOCK, $250,000.00 OFFICERS O K. WENT WORTH ." President JOHN A. KEATING. 2d Vice-President F. H ROTHCHILD. .1st Vice-President H. D. 8TORY Assistant Cashier PLATT & PLATT General Counsel and Cashier. G. K. WENT WORTH, President. President Portland Lumber Co. CHARLES S. RUSSELL, Dant & Russell, Lumber. Director Commercial Bank, Jilllsboro. P. B. BRUMBY. Agent Blodget Co., Ltd. Director Booth-Kelly Lumber Co. ' DR. K. A. J. MACKENZIE, Chief Surgeon of the Oregon Railroad A Navigation Co. DIRECTORS GEORGE G. BINGHAM. Attorney, Salem, Oregon. Vice-President Bank of Wood burn, Woodburn, Oregon. LLOYD J. WENTWORTH. Vice-President Portland Lum ber Co. J. E. WHEELER. Secretary Wheeler Timber Co. FRED H. ROTHCHILD, First Vice-President, President Rothchlld Bros. JOHN A. KEATING, Second Vice - President and Cashier. ROBERT T. PLATT, PlaU & Piatt, Attorneys. Vice - President Peninsula Bank, 8t. Johns, Oregon. H. D. STORT. Assistant Cashier. Trust Company Service A well organized and equipped Trust Company can render a valued service in any community. The broad trend of business transactions renders such ' service imperative, but to be effective the company must not only be thorough and modern in its meth ods but safe and sure in its dealings. In short, it must have the confidence of the public. This company endeavors to so characterize its every transaction, seeking to build surely rather than swiftly. It solicits all business that can be properly and creditably handled. Other than a general trust business it maintains " Commercial and Savings Departments, paying in terest on Savings Accounts and Fixed Term and Special Certificates, receives deposits subject to jheck, and does a general banking business. Send for pamphlet setting forth scope of transactions. Merchants Savings Trust Company S47 WASHINGTON STREET. CAPITAL JFOIXY PAID - $0,000.00 - ' -- ' Sf J. Frank Watson ........President R. L. Durham . . .... r. , Vice-Preident -r. W. H. Fear ..........Secretary ,. S. C. Catching Assistant Secretary, O. W. T. Muellhaupt. . . , .... ; V". ; T ii I Cashier rf- ,. . i.i'.gf-'''---..h f A S';'.' v ; . ' II '-' vj- -J '7-1 . .i".' ; .1