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THE OREGON . DAILY JOURNAL, PORTLAND," WEDNESDAY EVENING SEPTEMBER 29. WW.
'j Kb
BIGGEST PROFIT
COAST MEY IS
EASIER TO GET
BWIGTOIIIIE
LUSCIOUS ran
- ' r
r
1 ' . t , t ; , i J '
IF YOU WANT TO. KNOW WHAT SMARTLY DRECD
MEN WILL WEAR THIS SEASON ASK BEN: SELLER
III RAISING IBS
Not Half1 Enough Produced
Last Thirty Days Has Eased
Stringent Conditions of
Market Materially.
LOANS ARE AVAILABLE
Now on Regular Eight Per
in State to Supply
Demand. 1
Cent Basis With Extra
Dividend.
FEEDING ALSO IS .
ROAD HANDLING
ENORMOUS TONNAGE
ON LOWEST BASIS
FOR LEQITIMATE USE
Heavy Shipments Made to Coast
From Eastern Points Prices
Eastern Conditions Are Also Im
11111 Coup in Baying Up Stock, Al
though Once Laughed at, Now
Looked Upon As Best Piece of
Htratcgy Enacted in Rail Circles.
4 proyed and Great Movements of
Mere Also Higher Than In Middle
West Districts.
Crops Will Flood Northwest With
I Next Sixty Days.
Coast money market conditions have
There Is more moner in hoc ' raising
In Oregon than any other place in the
country. Not only are hogs more eas
ily raised here than elsewhere but feed
ing does not cost so much. Oregon
wheat-fed hogs are among the beat In
the country.
Hogralsers here are aided In the In
dustry by the fact that prlcea are
among the highest la the country. At
all times hogs atll at a higher price on
the Pacific coast than In the east Mid
dle west raisers do not receive within
lc and sometimes lHc a pound of what
the producer of Oregon receives.
This high.prlce Is due to the fact
that not hall enough hogs are raised
in this territory to supply the demand,
On every side the call Is more than the
supply. Annually many hundred heads
are brought In from Nebraska points
, simply because Oregon growers do not
go Into the business on a more ex
tensive acale. .
All asree that the shortage la not
due to any complaint as to tne price
received, but to the. fact that money
is su easily made in all lines or nus
ban dry hut very little attention la paid
10 any one line of product; except per
haps the raising of wheat and hops.
With the building of a new livestock
center on the peninsula there will be
a larger demand than heretofore for
hoits and In fact all livestock. The new
plants on the peninsula will have a ca
pacity of several times as great aa the
present output and If the Eoga can be
secured the plants will In au probabil
ity be run to their fullest capacity.
The Pad No coast will hereafter more
fully control the oriental provision bus
iness. This is said to be one of the
chief reasons why the Swifts are con
structing the big plant at Portland
and why several other large packers
are keeping their eye on this city.
Packing hogs in Portland will nave the
heavy freight charges now being paid
to bring the products here from the
east and then transporting them by
steamer to the orient.
The oriental provision trade is really
Just beginning to be worked and under
the rare of the big packers the trade
will be pushed to the limit; Just as
Portland 'lour millers first pushed the
sale of American flour in China and
Japan. All sorts of hog products will
be In demand across the Pacific and It
l. .said to be the intention of the big
packers to raise hogs on their own hook
dose to Portland If the producers of
Oregon do not come to their relief by
bringing out more supplies.
Not only will Portland packers sup-
fily China with hog products but there
s a movement on foot to equip a num
ber of steamers with special refrigerat
ing machinery and send fresh meats
across the Pacific to the orient. This
will spell the ruture of the cattle in
dustry of the Pacific coast.
decidedly improved In the last 10 days,
and no croaking can alter the truth of
this statement. The situation In the
east has similarly Improved. While
coast bankers are boosting Interest rates
in some cases, wherever they have a
good opportunity to make an advanced
profit, they are doing It, but this Is not
a general practice nor is It meeting with
any considerable success.
'W hava this week had offers of all
the money we want from two Portland
banks, at por cent, for any legitimate
uuiise u, saia
lentlful in this state at the present
I
Durni
a Portland financier today. "Money la
plentiful In this state at the pr
time for any legitimate purpose,
cannot say It Is plentiful for speculation
In real estate, but there is no lack of
money for horns building. We are plac
ing loans right along for building pur
poses, and are loaning on a basis of 50
per cent of the market value of the prop
erty. To prove that money la available,
an advertisement tnat we placed in tne
last week for money Droi
applications from people
"The placing of Burlington on a reg
ular 8 per cent per annum basis to
gether with the declaration of an extra
dividend of per cent, marks the pass
ing of another milestone in the affalra
of that road." aaya the Wall Street
Journal In discussing the unusual gen
erosity of President J. J. Hill In deal
Ing with the stockholders of the North
em Pacific and Great Northern which
roada Jointly own tha Burlington.
It will be recalled that President Hill
bought the Burlington alx years ago
and paid 1200 a share for it, when the
road waa barely earning 7 per cent on
its stock, and 40 days before the pur
chase waa made its stock was selling
at tltO a ahare.
Mr. Hill was neraiaea iar ana wiae
who
papers last week for money brought a
aosen applications rrom peopif
have money to loan.
"Tha situation has similarly lmproi
In tha east. I know a New York firm
that last week made a loan of $40,000
at t per cent where It had previously
been getting 7 per cent. New Tork
city's Ity per cent bond Issue of 140,
000,000. has all been subscribed, and
since the Issue was floated the bonds
have advanced three points infthe mar
ket. All this shows beyond any dispute
that the money market Is easier than It
was one or two months ago, end that It
Is considerably better than it was last
fall, when coast banks were loaning
money In New York at 7 per cent."
The bank clearings are not showing as
large an increase as usual because of
the Impending movement of the wheat
crop. A little later on. when the money
for these crone bops into circulation, tha
clearings will be greater than ever be-
JAMESTOWN NOT EQUAL
TO LEWIS AND CLARK
Eastern JSxhibit Inferior in
Many Ways to Port
land Fair.
M. V. Harrison of Henkle & Harrison,
- well-4cnown Portland real estate brokers,
has just returned from a six weeks'
trip east, where he visited the James
town fair, Washington. D. C, Chicago,
" and other large centers. He also spent
- some time visiting his old home at
) Potomac, Illinois, near Danville, the
home of Speaker Cannon, Mr. Harrison
, sa that the people of Illinois are
loyal to the great speaker of the house
of representatives and will certainly
send a solid Cannon delegation to the
next Republican convention. ,
Mr. Harrison rays that he was die
appointed in the Jamestown fair. "They
have a great mass of exhibits and some
very handsome buildings," said he, "but
the enterprise Is even yet in an Incom
plete state and the dally attendance Is
1 very light. The management ia not
-nearly as competent as was that of the
Lewis A. Clark fair. Yet they have
somt very interesting sights and I don't
regret that part of my trip."
, Mr. Harrison says that he couldn't
be induced to live in the east again
5 and was delighted when the time came
to turn his steps westward. "The peo
: Die of the middle west don't begin to
' havo the conveniences of life that we
have here," said he. v "I, saw plenty
' bf new 12.500 residences there, that
,were without a bath. I believe such a
' thing Is practically unheard of in Port
land or any other Pacific const city.
I saw many other things indicating a
lack of progress that astonished me."
WOODBUKN COMPLAINT
ANSWERED BY ROAD
(Special Dispatch to Tta Journal)
Salem, Or., Sept. 25. The state rail
way commission today received the an-
swer of the Southern Pacific to charges
made by the mayor of Woodburn as to
depot conditions there. It says the
platform is lighted by two incandescent
lights, which are enough. As to there
uviiig iiu wo-ivr in ino Biocnyara, 11 18
ald there was equipment on the ground
for providing a water supply when the
complaint waa made and that a supply
will be in the yard iri a few days; more
over, only eight cars of stock have been
shipped from Woodburn since the first
of the year. The answer saya that the
establishing of gates at street crossings
is a great inconvenience to tha public
and an unnecessary expense.
fore In the history of he coast. Port
land clearings for the week ending yes
terday were 17,087,280. as compared to
It, 087,762 for the same week a year
ago. This years Increase, wnlle very
satisfactory for the last week, has not
been In the same clasa with the gains
shown In pref ous weeks this year. This
ract noes not argue in any sense a
money stringency, however, but simply
a conserving of the cash for temporary
uses in the rail movement or crops, it
Indicates that at the close of the last
crop year and the beginning of the new
crop period there la not as much money
for general circulation as was visible
earlier In the season. The missing sur
plus, represented In the crops them
selves, will be turned loose during the
next 80 or 60 days, and agam the bank
clearing In Oregon and Washington will
go soaring.
A vast amount or building continues
to be In evidence In Portland and over
the state. There are Industrial develop
ments of all kinds, within reasonable
limits, but the year will close with no
great boom having struck Portland a
condition that is 'cairse for congratula
tion among the solid business and prop
erty Interests of the city. The growth
is a steady, reasonable growth, kept
witnin tne limits or tne people s means,
and so long ss thts rule prevails no set-
tmcK is possible ror tnis city.
by other railway magnates aa having
done a vary foolish thing In paying 100
per cent premium ror me eioca or
the Burlinaton. but he and his stock
holders have won heavily by the oper
ation. Oreat Development Show.
Continuing, the Wall Street Journal
says: "For purs unadulterated rail
road development, and for the advance
ment of operating efficiency, there Is
no more striking Illustration In re
cent railroad history than tha develop
ment of tha operating powers of the
Burlington system under the manage
meat of J. J. Hill and the present oper
consisting or ueorge a.
I a t whn nam hrmirht nn
with the Burlington; Darius Miller and
attng staff
Harris.
president, who was brou
able graduates of the
ASK REHEARING ON
PORT OF COLUMBIA
Petition Argues That Dis
trict Included Is Not a
Municipality.
A petition for a rehearing on the
Port of Columbia case was filed In the
supreme court of the state yesterday
by the attorneys for the port commis
sion. A former declaration of thi su
preme court that "the courts will never
exercise the extraordinary power of de
claring an act of the legislature uncon
stitutional unless there Is a plain, palp
able and clear conflict between the stat
ute and the constitution," Is brought
to the attention of tha court by the
petition.
In the Port of Columbia case the
supreme court held the act unconstitu
tional on the ground that the legislature
had by special act created a municipal
ity, when the amendment to the consti
tution says that the voters of each city
and town shall perform that service for
themselves.
The petition for a rehearing argues I
that the district, comprised of Mult
nomah, Clatsop and Columbia counties,
is not a municipality, and that the Port
of Columbia act' was not a special act,
but a general act, since It undertook to
Improve conditions on the Columbia
Yiver, a matter of Interest to the entire
state. .
Daniel Wlllard.
Hill school.
"When one considers that from 1901,
when Hill took charge of the Burling
ton, to the present time, there was an
8V per cent Increase In tons of freight
hauled one mile with a decreaae or 9
per cent in trains one mils to do this
work; in other words the road has
more than doubled Its task, and per
formed this double task with t per cent
less effort.
"For Its great prosperity today the
Burlington owes more to the appli
cation of economic principles of rail
roading than to development of trafflo.
Had there been no such advancement in
operating economy the great develop
ment of traffic would have gone for
nothing. When the Burlington passed
Into Mr. Hill's hands. Its trainload was
normally under 200 tons. In 1906 It
was 430 tons with good reason to sus-
fiect that this year It will reach 600
ons.
The gross receipts of the Burlington
under Hill rule have Increased more
than $83,000,000. In 1901, under the
old management the receipts were 160,-
000,000, and in 1907 the estimated re
ceipts are JS3.I0O.0O0. The net earn
ing!) In 1906 amounted to nearly 121,
000,000 or about 20 per cent on the
$110,000,000 of capital stock.
"Physically, financially and strategic
ally, the Hill roads have In the Bur
lington one of the best properties In the
west. An extra dividend of Z per cent
might very easily be paid on Great
Northern and Northern , Pacific stock
out- of the surplus earnings of the
Burlington. James J. Hill has always
been known as a generous trustee. He
may be depended upon to live up to his
reputation for generosity In the Bur
lington matter. It Is the biggest and
soundest melon he has ever raised."
J , - ;)' waw'
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fe- " I ' t-?-V! 1
i ' ' I ' V 4. f
1 til V
1 " U -li." I
i fw. iff i
y
BY ALL ODDS
The largest and best selected stock
of CLOTHING
in the city at unusually attractive
prices
Suits and Overcoats
$15 to
S50
SALESMEN WANTED
in all departments
BEN SELLING
LEADING CLOTHIER
OEirXXAI. mOBSST B. X.EB
was the greatest general tha world haa
ever known. Ballard's Snow Liniment is
the greatest liniment Quickly cures all
pains, it is wunin tne reacn or an. T,
H. Pointer, Hempstead, Texas, writes
"This Is to certify that Ballard's Snow
Liniment has been used In my house
hold for years and has been found to be
an excellent liniment for rheumatlo
pains. I am never without it" Sold by
an druggists.
"An East Side Bank for East Side
People."
A good bank Is the safest place
to keep money, and a BANK AC
COUNT is a great help toward
saving money.
IHAR0 MAY ACCEPT
PLACE PEAKCE LEFT
Seattle tha
ident and I
t
(Pacific Coast Press Letted Wire.)
Seattle, Sept. 25. -It Is the belief of
several well informed shipping men- in
at J. E. Pharo, formerly pres-
general manager-of the Alas
ka coast company, will succeed W. E.
Pearce, who has resigned as general
manager or tne h-scinc t oast steamshl
company, a connrmation or the repor
nowever, could nor De oDtained from
the local office of the Pacific Coast
Steamship company. It has been known
for some time that the Pacific Coast
company' haa been endeavoring to have
Pharo reenter .the services of that com
pany. :
Itching piles provoke profanity, but
Srofanity won't cure them. Doan'a
Intment cures Itching, bleeding or
Jirotruding piles after year of auffer
ng. At any drug store.
HARTMAN &
THOMPSON
BANKERS
CHAMBER OP
COMMERCE
solicit small
check accounts
and offer every
convenience to
depositors, re
gardless of the
amount deposited
Vnlimittd Perianal Liability
A CHECKING ACCOUNT facili
tates the transaction of business.
A SAVINGS ACCOUNT earns
money while saving it.
Interest at 4 Per Cent
At the
COMMERCIAL
SAVINGS BANK
JCKOTT AITS WILLIAMS ATS.
Oeorge W. Bates President
J. S. Blrrel , Cashier
SAVINGS BANK
OF THE
TITLE GUARANTEE
& TRUST CO.
OPEN ON SATURDAYS FROM
I A. M. TO I P. M.
AND ON SATURDAY EVENINGS
FROM 6 TO I O'CLOCK.
WE PAY 4 INTEREST
On Savings Accounts, Interest Com
pounded Semi-Annually.
WE PAY 3 ON DAILY
Balancea of Check Accounte.
OFFICERS:
THORBURN ROSS - - President
GEORGE H. HILL - Vice-President
T. T. BURKHART - - Treasurer
JNO. E. AITCHISON - - Secretary
240-244 Washington Strett
(Corner Second)
PORTLAND, OREGON
FIFTEEN HUNDRED DOLLARS
In PORTLAND HOME TELEPHONE .BONDS and STOCKS
costs you $1,000. You ougKt to make $7 per cent profit within a year.
;' EXAMPLE.
$1,000 Bond, 5 per cent guaranteed. 850.00
$500 Stock, 4 per cent dividend. f 20.00
Saleof Stock at $60.00... . .fSOO.OO
Profit ..$370.00
And you will have left a-$l,000 first mortgage, drawing 5 per cent,
which will be paid in full at maturity. Larger amounts, same ratio.
W. '0. POOR. 5 Lafayette Building
Bankers and Lumbermens Bank
Corner Second and Stark Streets
PORTLAND, ORE.
CAPITAL STOCK, $250,000.00
orncLRS
O. K. WENTWORTH President H. D. STORY Assistant Cashier
F. H. ROTHCHILD . . 1st Vice-President PLATT & PLATT General Counsel
JOHN A. KEATING, 2d Vice-President and Cashier.
G. K. WENTWORTH. President,
President Portland Lumber Co.
CHARLES a RUSSELL.
Dant & Russell, Lumber.
Director Commercial Bank,
Hillsboro.
P. S. BRUMBY,
Agent Blodget Co., Ltd.
Director Booth-Kelly Lumber Co.
DR K. A. J. MACKENZIE.
Chief Burgeon of tha Oregon
Railroad & 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.
3. S. WHEELER,
- Secretary Wheeler Timber Co,
FRED H. ROTHCHTLD.
First Vice-President,
President Rothchild Bros.
JOHN A. KEATING,
Second Vice - President ana"
Cashier.
ROBERT T. PLATT,
Piatt A Piatt, Attorneys.
Vice-President Peninettla
Bank, St. Johns, Oregon.
H. D. STORY, Assistant Cashier.
Substantial
Endorsement
When such able and successful business men as
Marshall Field have found it to their best interests
to engage the services of trust companies in the
care and disposition of their vast estates, should
not you give the matter careful consideration ? You
cap direct the care and disposition of your estates,
both real and personal, and be assured the trust
will be carried out implicity and economically.
Let us advise with you pertaining to your prop
erty interests.
Merchants Savings and
Trust Company
247 WASHINGTON STREET.
CAPITAL FULLY PAID
$150,000.00
T. Frank Watson President
R. L. Durham Vice-President
W. H. Fear Secretary
S. C. Catching.. Assistant Secretary
O. W. T. Muellhaupt Cashier
WB M. Laoo Poea.
W TNaftBWMoaVP..
Lumbcm
ExCHANOt
cWlLOINO
w ti-f ma
I 1 ttlV
OUR NEW POLICIES OFFER ALL THAT IS BEST IK
LIFE CONTRACTS EITHER TO BUY OR SELL, ,
Low Non-ParticipaUag Rates , . High Cash Vfcs
SUPERIOR INDUCEMENTS OFFERED TO RELIABLE ACTIVE AG -NTS.
An rasas svaarjijup, su s,nhr rohaga em.
jouenal unees cost little, .cco:::5li::i :;l'ci: