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THE OREGON SUNDAY JOURNAU PORTLAND, .SUNDAY . MORNING, SEPTEMBER 1807.
' v
v-
HOME' BONDS SUB-
SCRIBFI) AT MFFTIHB
HITS AUTO
.f'"i,'.;
(Continued from Page On)
' 1
J
i
K1
1'
Chauffeur Fatally Injured
and Four Others Badly
Hurt by Wreck Tram
way Crew Alleged to lie at
Fault in Accident.
for reorganising the
(Bearat Vw by Iagt 4 Wirt.)
Denver, Sept,. 11. In a collision that
in more than usually destructive, an
;' v Inbound Falrmount car crashed Into
i-f a huge automobile containing seven pao- i anouiea
le on Eighth avenue, between Newport
.and Geneva streets, laat night and bart
IV ly Injured five of the occupants of the
. ' machine. J. II. Trembly, the chauf
L . eur. le eo badly hurt that It la thought
Mrs. William Ferrla Jr., broken rib
; and hand cut.
Alexander Ferrla, 10 years, cheat
-crushed, arm and hand crushed, head
f cut.
- Mrs. Russell Dale, of Chicago, dls
"'. located left hip and fractured right
femur.
Mrs. Beth K. Howes, sister of Mrs.
Dale, and with whom Mra. Dale waa
Visiting, general shaking up.
t Mra. Julia Gardener of Chi
oral shaklna- un.
. Mrs. Leonard C. Jones, hip cruahed
and shock.
O. H. Trlmbley, four ribs torn from
,. spine arid other Internal Injuries.
, Aocordlng to the teatlmonv of a wit
ness the accident waa cauaed by neg-
lect on the part of the tramway crew.
At Saratoga street there la a sidetrack,
.which the incoming cars are supposed
; to take to wait for the other car on
Ita way out. It Is aald that the car
. did not wait, but passed the ewltch at
high speed and entered the single track.
The chauffeur thinking the car would
toe on the aiding continued on his way
ana nis auiomooua. waa struck broad
. side. 4 w
ilcago, gen-
WHOLE FAMILY
CRAZY ON TRAIN
-a
Illinois People Portland-
. Bound Taken Off at a
1 Station in Idaho.
were extremely quiet and attentive
throughout the meeting. It waa obvi
ously a serious business upon which
they were bent, and each face bort an
expression that went for more than the
ordinary Interest or curiosity apparent
at averanf public assemblages,
Until the meeting was half over no
evidence of the temper of the meeting
waa aeen, mere oemg aDsoiuteiy no
demon-ration. When Jefferson Myers
and Kenntor Haines had concluded their
remarks, and Secretary Richmond had
read a lengthly report of the work dona
by the depositors' association, a man got
up in the audience and asked If be could
say something In opposition to what
IihJ been suld. He was aaked to tha
plntforin, and his name was called for
fmr h, riAi'llnoH tn vIvA t n1 mmt mif
I t m ski a unMch a.flln.t Ihi nlan that I
luid been proposed ro
bank.
reeling Is Known.
Then the first sign of feeling In the
audience came to the surface. A mur
mur arose, a man yelled, and somebody
louder. The speaker, seeini
that he was out of harmony with th
vast majority of those present, lost his
courage, mumbled an excuse and fled
from the platform.
There waa no mistaking thereafter
the feeling that prevailed In the meet
ing. Utght-tenths of thoae present were
In sympathy with Its object that of
placing the bank In a poaltion to en
able It to reopen lta doors under a
complete reorganisation and new man
agement and resume business.
Jeffereon Myera, who la one of the
largest depositors, waa the flrat speak
er invited to talk. He said that If the
depositors e-ot tOc on the dollar aa the
aaaeta stood now, they would be doing
well, lie said that the sooner the as
sets were distributed the better It
would be for the depositors.
"I think 60 per cent and possibly only
60 per cent Is as much as we can I
count on. We know that T.e have a
good many bonds In this bank, but If
they are aold now they will be forced
down on a bearish market and sold at
the lowest price.
"In anv I.tll.n.nl K tha ,..l. -
H mr-, waa. , (j a a, J J kill; 1 J V-1 1 f V . I
requiring two or three years, these will
be loat to the people
'At present the expense of operating
me receiverani
tip la a
a month and the gulcker this is closed
up the better. Now, Mr. Devlin has
tola me that they are ready to do any
thing they can to close up this thing
ai me earnest possioie moment.
Depositors Must Mais.
"I believe that by subscribing to this
Home Telephone stock and bonds I will
get every cent of my money back In
three years or less time, with Interest,
and possibly aome profit I think we
all agree that we have every reason
able assurance mat tun Home Tele
phone company will be a successful In
stitution. "I don't believe that any business
man or banker or newanaoer in the
state will be against us if we attempt
to o?n the bank.
"It Is hard for me to say what Is the
value of the assets of the bank. There
are many notes In It that are said to be
bad. If we reorganise those owning
notes In the bank maV pay up In full
and take their pro rata of profits.
"I think the first dividend can't be
ald before February, and that would
e II per cent; the next one would be In
August, perhaps, and might be 25 per
cent. The next one would probably
come In a year and might be another
JO per cent There Is 60 per cent In
two years, the best tha reoetver can
possibly do.
"I hope that we can establish a prece
dent so that all banks In tha future In
Oregon will pay 100 per cent. Another
thins: Is that every one who has less
than 1100 In the bank ahould not be
asked to subscribe to the bonds but
should be paid in full. Let the big
men among us take the bonds. '
r-anomer tning is that you must give
amounting to $5,000
un-
'-V-. (Special Dispatch It JoursaL)
: . . Boise, Idaho, Sept. II, By an
heard of coincidence an entire family,
' t.parenta and alx children, were seised
: , with an insane mania on a westbound
. t . train on the Oregon Short Line today
ii.mo were laaen on ai mountain Home,
J a station 60 mllea southeast of this city,
v i mo xar oeen impossiote to a seer-
-re tain their names.
They were on their way from Illinois
: . . to Portland and appeared to be well-to-
. ao peopja. The fa
r - that It
opla. The father waa so violent
t waa necesaarr to tie him down
iwhen ha was taken to. tha Elmore
county Jail. The condition of the rest
: t - of the family la not ao serious and It
;'. la thought that with proper ears and
: 's. rast they will recover.
. The only theory advanced to account
' f for tha strongly simultaneous seizure
la that tha afflioted ones shared some
' , peculiar and very high nervous susceptl
; S bility, perhaps hereditary la both lines,
'tand that in virtue of this they were
. (maddened by the heat and duat rlalnV
1 ,irom me vast aria plains tne Nnort una
V & traverses. At this season tha summer's
rjfheafe on tha great Snake river plain has
h-caroely begun to wane,-while the gust
j, is somewung almost intolerable, aa the
'- 'ti fall raina are not due for many weeks
yet. Tha phenomenon of sudden demen-
. 1. tla due to nnaccustomed altitude la not
ft Infrequent on the mountain divisions of
;m the transcontinental lines, but tha oom
i paratlvely low-lying plain of southern
. F, .Idaho could scarcely produce .the con
J - jdltlons for Irresponsible exhilaration.
Jfc, ( Tha. unfortunatea are being welt cared
for fay tha authorities of Elmore county.
EARLE'S AFFINITY IS
i jlOYED BY GOSSIP
Miss Kuttner Says Artist's
Wife in France Will
Sue for Divorce.
625,000
885,000
10000
76.000
the offlcera of vour nrrflnlutlnn all IK.
assistance you can. They are servina
without any remuneration. Th can
not go around and find vnn tn a-at vm,.
subscription to the bonds. It Is your
work and your business, and each depos
itor must do it for himself."
Statement of Beaouroe.
Explaining In detail tha haai. tn iv.
plan of reoriranlzatlon nrnnniwi h n.n
ator Haines and himself, Mr. Myers gave
the following statement:
Estimated Aesonroea.
Noteg u
Telephone bonds . . , ,
Pacific ft Eastern R. R. bonds
United Railway bonds I
Lewlston Jnd A Water Co.
bonds
Back stock In other banks..
Shipper and other collections
(cash)
Overdrafts (reduced $100,000)
balance
Estimated interest ,due on
bonds and notes
Rank lease and fixtures
Moore's land, 7,460 acres,
Moore states, all In cultiva
tion; and warehouse prop
erty In Portland
Depositors subscription t
stock In new bank
New cash subscription bv
Moore and his associates..
Cash on hand and due from
banks
(pedal Dlspatek te The Jo rail.)
- New York. Sept. II. So much an
noyed by her neighbors' curiosity that
she cannot endure a small town longer,
Ferdinand Plnney Earle's affinity. Mlea
Julia Kuttner, has arrived In New York
from Bethlehem. New Hampshire, to re
main until Mra. Earle gets her divorce
in h ranee ana sue is Tree to marry the
artist-poet.
"There la no truth In the story that
Mra. Earle l.im decided not to sue," she
saia. "Mr. fc.rie and I will be married.
inis is aerimtely settled."
g-j i i
Total ...$i,86,OO0
liabilities.
Total liabilities to depositors
estimated by receiver $2,803,000
Beorganleatlon Plan.
Depositors to subscribe for all
bonds, amounting to $1,100,000
Subscribe to new stock 150,000
If there be man,
woman or child who
has trouble with diges
tion, let him or her
adopt the following
menu and depend upon
relief:
A little fruit
Saucer of Grape-Nuts with
cream.
A soft-boiled egg.
Slice of hard, crisp toast.
Cup of Postum Food Coffee
(be sure to boil it IS minutes
and it'g delicious).
Let these articles con
stitute the breakfast, a
luncheon or supper, and
nothing more.
In a few days the old
jsorld will turn around
your way, and life seem
worth liying. Try it.
There's a reason."
. Eeatl "The Road to
WHlTiHe," in pkgs.
Total $1,260,000
Mr. Moore and his associates
subscribe new cash stock.. $ 800,000
Zn Settlement of Depositors' Aoconnts.
Subscription to bonds $1,190,000
New stock by depositors 160.000
Cash by Moore and associates 800,000
Cash on hand and in banks. . 177,000
Estimated collections January
1, 1908, by .receiver on all
resources
800,000
Total $2,027,000
Carrying out the computation to show
the entire solvency of the reorganized
bank, he said that In a settlement of
everything on the foregoing basis there
would after payment of the foregoing
amounts, remain due to depositors a
balance of $275,000 In the bank, and
this balance would be secured bv all
the Moore lands and other uncollected
resources or tne oanK, amounting to
about $829,000: capital stock of the
Home Telephone company having a
market value of about $91,000 at 25
cents per share. There have been sales
of this stock at 40 centa.
Senator Haines Speaks.
Senator E. W. Haines waa the next
speaker, saylne In part:
I believe you nave a chance to pull
out or this failure with whole skins.
We must not say, "Let the other fellow
take the bonds. I'll take the cash.'
That will never do if we are to ret
the best out of thia thing. I was In
clined to believe that the receiver would
not favor this reorganization, but .
want to aay that he Is lending his In
formation and Intent to make the bank
cav dollar for dollar.
'ivow tne Dana nas ii.zuo.oou in bonds
I L
Liberal
v Cash
Discount
DON'T BE FOOLED
When you read the deiperate advertiiing now being done by firms trying to place In
the homei of Portland inferior ranges at flrst-clasi prices. These ranges are good for
only a short time. They will not laat and are not worth the price.
Jfctay SeacwyTajje,
LET US SHOW
YOU WHY
AXIOMS ,
An axiom is a self-evident truth.
1 Wrought Iron If Stronger Than Cast Iron.
Monarch Ranges are made of wrought iron and
steel. Other ranges are made largely of cast iron.
2 Rivets in Construction Hold Tighter Than
Bolts.
Monarch Malleable Ranges are built with rivets.
Ranges with cast iron tops cannot be riveted for
the hammers would break them.
3 A Light Weight Range Will Not Stand the
Racket for Any Length of Time.
The smallest Monarch Range weighs 400
pounds. The same size in other makes weigh
less than 300 pounds.
4 Store Blacking Is Dirty.
The top of the Monarch Range is ground by
emery wheel to a fine polish and does not need
blacking. Tops of other ranges are compara
tively rough and must be blackened.
5 The only reason other ranges are sold is be
cause people do not know about the Monarch,
or do not realize that the best is the cheapest.
We will prove this to you if you will call and see a
MONARCH RANGE
If C vis H frrssra' H If Vir 11M!&
, l 1 Tli I 1 1 I
Cook With' Gas
The makers of the Monarch Range hve
added to their line Monarch Gas Attach
ment, which is sold when desired with Mon
arch Malleable Ranges. These gas attach
ments are made strongly of malleable iron
and steel, riveted together, and are of the
same construction as the Range and made
to match it perfectly. These new improve
ments should be of interest to everyone
building a new home, and to many who are
"using old-style ranges.
The large size Monarch Range with com
plete Monarch Gas Stove attached, all con
nections and plumbing included. .9125.00
Medium size Monarch Range, with low gas
stove attachment, connected and set up;
price 984.00
Monarch Malleable Range, 15-inch oven
with drop door, closet and thermometer;
priee 957.00
rmxexa.
YIU YUM SPRINGS. $1.80
Other stores advertise these,
but do not generally deliver them.
Come to us and we will deliver
the goods. '
mucus.
Hard Wood Treasures $2.75
This la EOo more than soma
stores advertise to sell them for,
but you can't rt them, so you
had better come to ua
i
raicxa
Remember that we watch all
the advertisements, and if you
want anything you will find our
prices down as low as the lowest
anywhere In the city.
rax cbs.
FIR DRESSERS, $8.0
A very good dresser foV tha
money. Worth regularly $11.00
Come and see them.
nu ess.
IRON BEDS. $1.85
Full double sizes at the same
price others sell three-quarter
lae for. Only a few left.
Kitchen
Cabinets
These we have In
many sizes and
patterns. The best
bargain Is a large
hardwood cabinet
with 14 compart
ments. Made
throughout of east
ern maple, stained
and varnished. The
bins slide on roll
ers, and the cabi
net work Is first
class. Regular
value $17.60. This
week a special.
t S13.75
2 1 K:;
ml.-W- . .. : and wk
Special Sale
oi
Lace Curtains
100 pair of Nottingham
Lace Curtains, 1 Inches
wide; S yards long;
kind for
Morris Chairs
A showing of tha moat
complete line of these
goods, both , automatic
and With rods. A good
chair, with spring seat
IS.OD
Large
Chairs with
reversible
cushions,
spring seat,
S12.50.
Automatlo
Morris
Chairs,
S15.00.
. 'mm .
Vibrating Rockers
I1.S0
794
This la an exact picture of our leader la low-prloed
Dining Tables. It . Is S feet long when open and 43
Inches In diameter when closed.' ' Has a divided ped
estal concealing a center legr. Which separates . the
middle of the table when It Is., open. It la a beautiful
quartered oak finish, showing the flaky grain of the
wood to perfection. The price is only S14.00
Hfl it
Of thSM
A new shipment
kOOUM ilAb j . v
Tha seat Is supported by a
convolute spring made of t-K
Solid steel. The aeat and base
o not com In contact with
each other, thus avoiding any
squeaklnf or other noise when
In use. it has the softest and
easiest rock of any rocker yet
put on tha market. Prices
commence at ........ 12.50
CENTER
TABLES
No. 1 Whita Maple
Stand Tables.... SI, 60
N6. 24 Grained Oak
Stand ...2.25
No. 24 Ash Center Tables
with French leg.g2.50
No. 24 Golden Oak Cen
ter Table S2.50
A Special
No, P878 Golden Quarter
poiisnea uak xaDie, juai
yard wide; light, cleaslng colors; like tha picture, top 24x
SPECIAL SALE
American Fiber Carpets, 1
lar value 65c; this week 354 duced from
twice aa durable as matting and cost about the same. Re pa- 24, French leg. Price re
ts to B l.VO
55
Youll
Come
Again
Ml OQQD FjLfflOB- TO TWE )
and I believe these bonds are aood,
do not believe that the stock of the
telephone company will be worth any
thing If thrown on the street now, while
if w can keep it I tnink it la bound
to command a good price in a short
time, witn 10.000 people holding- it In
this city alone the stock 1 bound tn
become valuable and the telephone com
pany lo grow.
, "l not representing the State
Bankers' association, but slmDlv m an
individual. I have not a dollar's'lnterest
In the matter excepting to help you. I
believe vou will never receive more than
SO or 60 Cents on the dollar without re.
organisation.
I will admit tnat I was skentlrai
when I talked to Mr. Moore and he told
me he could ralne that amount of money.
Iaw njm giKMj men nave loio. me mat
intra is no noum bdoui jut. Moor
able to raise tha extra JlOOrfOO.
haven't you all to. gain and nothing to
lose by having this extra money adc
to the Institution? If he puts his $300,-
000 In this bank he Isn't going to allow
it to RO'down. If his backers find that
$300,000 isn't enough then they are pre
pared to put up more.
Put Good Men at Mead.
"I don't think we need fear that If we
have good men at the head of the new
Institution that you will withdraw your
accounts. I think you will be glad to
assist at the re-organlzatlon of this In
stitution. "If either the depositor or Mr. Moore
fall to make good then the receiver will
go on with the bank and will make it
pay as much as possible.
''Those who have notea now In the
bank will. I fear. In many Instances
find great difficulty In meeting their
payments. If it is reorganized they
will be given an opportunity to pay
later, but If tha receivership Is con
tinued they will be forced to pay up
whenever the receiver makes his demands."
Chairman EV. J.MCHenry ..of ta ex
ecutive committee of the depositors'
association read a report of the work
of Investigation performed by the com
mittee In conjunction with Messrs.
Mvers and Haines.
District Attorney John Manninr who
occupied a seat on the stage, was in
vited to speak;," Ha said It appeared to
him that Mr. Myers and Mr. Haines
were like men trying to drive a bargain
"I hope there Is no depositor in this
room that would refuse to walk up here
and sign whatever these men asked you
to sign oy wnich you could get back 100
cents on the dollar," ha declared. "There
Is no other earthly way for you to get
it. under the plan suggested you take
no chance In the world. When Mr.
Moore and the others raise $300,000 and
put It Into the bank reorganization,
what chance Is there for you to lose?
"Subscribe for the bonds, and do It as
quickly as you can. If the men who
are reorganizing the bank do not come
tn with the additional capital, your bond
subscriptions are returned to you. You
can't lose by subscribing, for they are
the same bonds on which the money
must in any event ba recalled to pay
you back whatever you get out of this
bank The sooner you aubscrlbe, the
more money there will be left for the
Danx to pay-witb. My experience witn
bank failures and receiverships is that
the receiver for the bank does not suc
ceed in paying mora than 26 to SO cents
nn Mi ,1 1 1 r, - !
' esoluon Adopted. .
Frank Melvln, of the executive com
mittee, offered the following resolution,
which was unanimously passed by a ris
ing vote:
"Be It resolved by the members of the
Depositors' association' here as-
Senator E. W. Kalnea, president of the
State Bankers' association and Hon.
Jefferson Myers; and that we, aa mem
bers of this association, use our best
endeavors to secure the taking of bonds
and also bank stock and that when the
bank 4s rehabilitated we will work for
Its upbuilding and progress. '
The ope opposing note, sounded by
the man who refused to give hts name,
was responded to by Herman Witten
berg, who said:
"Don't be deceived bv tha statement
that the Home Telephone people will
have to protect their bonds and that
they will purchase them at full value
rrom tne receiver, near in mina mat
tha telephone company holds certificates
against tnis bank lor
That
of deposit
$400,000.
Bonds Pay Interest.
"They will, under the receivership,
take their pro rata of the money due to
depositors, and will then buy In the
bonds at cut-throat prices, whatever
thev will bring at receiver's sale. The
beat pte rur thesa aetmrttlw lain your
own possession, xney pay you 6 per
cent Interest annually, payable every
lx months, and you can hold them for
a favorable market, and get your money
out with Interest."
At the conclusion of short addresses
by B. H Qruber and Seoretary Rich
ca3ai5ssssisxM3ss;zassssssssissssisr-tss
Vhitwood
Court
OPPOSITE ST. JOHNS, OREGON
FOUR MILES TO PORTLAND. "
Sightly Lots andvbeit of acreage can be purchased on small:
monthly payments at extremely reasonable, figures. This property,
is easily reached by good roads, already finished. Full view of
river, best of soil, lays on easy slope, pure spring water now being"
piped over entire plat by gravity flow. Fuel costs little or nothlrig. '
Apply before rise Jrt prices .to
R. Shcpard & Cor and-H. GrOgden;
ST. JOHNS, OREGON.
fcaaaaxxsgsgS3gsaiggsggggaMB;gs5xaBsi.jssss'
H
M
aSmbled: innn iih.iirlnll r hlinlra
members of the De- I la ted. and a large number of depositors I
UJ-- . -..V 1 .. . .' --r .1 . . -.. 1 1 '
posltors association, hereby Indorse the signed for telephone bonds and for stock I moftd will ba In attendance all dsr to. 1 lnin an oitw ...;. v.-.
kA r'T ST .iS-rVIff'L"1!0 con Si?" .i fnilltatlon of the Oregon M tha proposed bank reorganisation. I day at tha office on the second floor of eri who wlehT fl aarinformaUoa wtU
Mow. seat, to allow taa Malt to reopen. 1 Trust A Savings bank, aa outlined brl r:hjrman n n' Hratarv 'u!nS.lh Tf.va hniiiin a w.w: I ?i".r-iij..!1iri"r wu"niMoa wiu
SS I
. - , :- i - --t ii y mm"nanh ' V'-W .VT 2 '-i
'MM
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