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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (Sept. 25, 1907)
1 ) "U THE OREGON . DAILY JOURNAL, PORTLAND, . WEDNESDAY EVENING, SEPTEMBER 25, 1807. BANK'S ftlONEY HANDLED LIKE GRAINS OF SAND WHLN YOU SEL IT IN OUR AD IT'S SO SECURITY. ' " 1 ' t iABSOLUli : : . ........ f , 1 - Oderof Washfton Borro wedat Will Without S" 'ity Under Affrcoment ;to Ilepay lii Monthly Pay. a merits littter Were Never Made. u r- IB With a record .of but $1,250 paid off a, year' time tho two note of ths 'Order of Washington, held bjr the Ore gon Trust and Savings bank, amounting to 112.891. stand aa another monument , ' to the financial judgment of Cashier W. , Cooper Morris of the Institution. : Secretary J. I' Mitchell .or lha Order ' of Washington, declared, this morning he was positive that bla society woul-1 be able to .par pff , the", notes within a year. The slownem. with which pay' ments were met before, the failure of the bank, however, dors not speak well : lor me vaiUe or the notes. Bo far as Receiver' Devlin', know - there la no security for the account o the fraternal order. Former President Moore of the bank said that he knew of -- security 'for the amounts. Mr. Mor rls. however, cited 120 acres of land In ' Currr county, value unknown, which naa Deen given aa security by the or . floors of .the order.- . -" Secretary Mitchell declares that In ad- anion to mis tract or szv acre, wmcn ' apparently, has not been turned over to the receiver, . the order's account was . secured by a dally report of receipts and dlaburmementa 'of the -order to be made to Mr." Morris. . "There is no doubt about that account telng good," 'isald Secretary 'Mitchell, "because every raember of the order be comes a debtor .with the order itsulf In those' notes. XJttla of rsteolpai raid. "It Is this wy when a man joins the Uraer .or Washington he aigna a prom issory note agreeing -to pay the amount of hla initiation feci -in li monthly In slallmenta. Now we-hold those notes and they, are good Collateral' for the notes of the order .held, by the receiver or the Dante - , . . "LA so, if we should go out of business any one of a number or other fraternal orders would be anxious to assume our liabilities including the notes . held, by ina oanK. li our otni 10 ine Dana was 1100.000 we still would encounter no dif ficulty In finding another order ready to .assume it If It could, take over our membership.'' . " . ;' ' The notes in question were given to the bsnk in 10S. Both have since been renewed, one on Juno It. ISO, for $28,- 69. payable on demand with Interest at per ent; the other renewed on August 15. 107. for tS.000, payable one day after date, with interest at per cent. This note was renewed a few days before the - failure of the .bank and nothing bad been paid on it either in the way of In- ' terest or payments en-the- principal. The pnymenta made on the larger -note were: July 10. -10, 1143.30 interest; August 1. 1906, 143.21 Interest; Septem ber zo.- lou principal. i4i.it in terest $143.25 agreed by Mr. Morris as cashier of the bank and in his dual role as vice-president of the Order of Washington, that the order would make monthly pay ments on th' notes of not less thsn 1600. together with the Interest. A third note wss slso given by tne executive officers of the order for f (00, snd since the failure of the bank $100 of this has been paid. This note was for money needed by the order, but win secured by the officers on their own responsibility., It Is ssld thst it was used to settle a claim of $500 against the order held by P. A. Mcpherson, for merly connected with the Order of Dons; which waa absorbed by the Order of Washington, The Order of Washington la s fra ternal benefit insurance society, paying benefits of $50 a month, or life and ac cident policies. During the summer of 10$ and part of ! Mr. Morris of the Oregon Trust A Savings hank scted aa vice-president of the organisation and it me iinanciai Genuine Carter's Little Liver Pills. Must Bear Signature of 5ee Fao-Simile Wrapper Below. Sractically attended-to all etalla or Ita management ll CARTERS Yeay smsU a ss easy t talis as rsgaiw FOR HEADACHE. FOR DI21KESS. for uuoumn. rOR TC2PI0UYU. FOR COMXTIPATIOI. rci SALLOW SKIR. FOR THECOSfPLillOI . . aautuswai swumbhimh, CURE SICK HEADACHE. rayments Beoame Xna. "A year ago we found ourselves In tight position,' said . Orsnd secretary Mitchell this morning, in explaining tne nature of the loans mads the order oy the bank. "We had sustained some tinavy ex penses snd needed money to pay claims and benefits thst were falling due, ao we borrowed the amount needed from the Oregon Trust A Savings bsnk. About this time the Ban Francisco dis aster occurred' and we bad been spend ing a great deal of money in Ban Fran cisco. Oakland, Alameda and Berkeley to establish ourselves there. Ws had two death claims to na- and many accident and sick benefits. Then we had to allow our members elrht months free membershln there be cause or cneir surrerings sna nsrasnips. i i n j w , , . ir r?vrnuM ,ro.m 11 Fr'nciBC? Js"2 l ortland Delegate to Con been $900 a month, but they dwindled! v , to nothing arter tne eannquake. by establishing new agencies in a num ber of eastern states. We are now op erating in Texas, California, uregon, Washington. Idaho. Montana. Utah, Colorado; Arisona, Nevada, New Mex ico, Illinois, Pennsylvania, Virginia, North Carolina. Georgia. Florida. Ala bama and Kentucky. Most of these eastern agenclea were established In the last year and had put us to a creat deal of expense. For instance, we had to make deposits In many states amounting to as much as our largest -xz.ovo. figure that our expensea are about $4,200 or $4,100 a month. Our liabilities are represented fey the notes MAIL SERVICE HERE BETTER THAN IT EAST vention in Canton Sees Vast Difference. October 1, 1906, $26. principal. vovemper iz. ii .25 Interest: Decei rlnclpal, $141.25 in- February 8, 1907. $141.26 Interest; -XTm.MK 1 1 Acta $250 principal. $182.26 Interest; Decern 6, xz6u princi interest terest: January . 1907, $141.25 Interest; ber 8, 190i March 1907, $141.25 interest This statement of payments' la es pecially Interesting because - It '-to Portland is far ahead of many prin cipal cities of the United Btstes in the prompt delivery of mall, according to Fred P. Holm, who has just returned from a tour of the eaat while attend ing to the annual convention of the Na tional Association of Letter-Carriers, held at Canton. Ohio, September 2-7. Mr.N Holm waa the delegate from Ore- held' by the bank and by the claims gon, and while away took the oppor aaalnst us for policies. On ths other t..iit. ,...-.,. .v.. ... ... AAA 1 .1 I a J - . . n . , I v " V. 1 k , D. iZJ Jl J.JlLuJ. '.llttx I "Plte the fact, said J. Holm, that ..ntir,- h. n.. ..Hn SriVh oruana nas a smaller number of car- nr I ?nnn tJtlm wl Ji-32 rlr" pro rata to population than many Mis ana "n TJTS r'e"5 ? the eastern cltfes. the Ross City en- .V i!; '.?... . . -d W L1.1! T nJ f )W a 'better carrier service. He said LECTURER SAYS INSIDE OF EARTH HAS PEOPLE, SUN, MOON AND STARS n1..StTtheenbUk Vfhlnk Fhv0: vention to investigate method, of v.H-" "'? with a view of Improving me aervice. and believes that much food will result from. the discussions in he convention hall. ' good aa any securities held by the re ceiver. "Why the North Pole Can Never Be Found" is the theme of a subject which C. A. Linn, formerly connected with tha Coast Realty companw of this city, lec tures upon wherever and whenever he can.. Principally Mr. Linn does his talking on tho streets of Portland. He has a crudely hand-painted chart o.f the earth, showing the-convex and concave parts, -.-1---V. He attaches hla chart to tha nearest telegraph pole whenever the spirit moves him. mounts a soan box and with tin Improvised pointer wades right into hla subject. Invariably he attracts a crowd. l concludes his talk in from is (o 11 minutes and at the conclusion ' ha challenges any In hla audience to aak Mm any question upon his subject he '.cannot answer- ?:?. -- "1 have never seen awa to xina any person who oomd tump me yet, aaia In brief Linn's idea is that the earth s inhabited on the inside as well as on ilia surface. Ma eontands that the earth Vpon which w live la a shell. Shooting etar he Qontanda are simply eruptions eauBod; py force of gravity front the In tenos, . r.n.,.iJ-V!...,f,. The erust of the aarth, he figures oat. Is 1,000 mUes thick. The north and south pole ha believes to be mythical. Ha calls the points holes 'In tha earth and when-explorers go north to find the objective point he contends that aa they approach what should be the pole they are in reality entering the interior of th earth. The northern lights, or au rora borealis he argues la nothing more man me rejection or tne interior sun, for hla contention is that the interior of the earth houses a sun, moon and mountains. Disappearance of salmon at stated reriods of the year, he contends, means hat the fish seek the Interior of the earth. Certain South American birds and animals do likewise, he asserts. Tides, he hlds, are controlled by three, and not two gravities. The third grav ity is brought about, he asserts, through the force which revolves the earth and at the same time keeps the interior sun and moon apart The Interior sun. he contends. Is kept heated by the feeding twice a year of the exterior sun. Linn studied navigation under the anieat teachers in the United States. among them several Arctlo and Ant arctic explorers. He claims for his theory little that la entirely new, but There were 1.204 delea-atm. In attend ance, and the leading address was made by Firat Assistant Postmaster-General Frank H. Hitchcock who mnria a, favor able impression noon the del his earnest speech outlining Tmnrove- ments in their welfare. One of the most- Important subjects taken up by the convention waa the care of aimer. nnuaieu carriers. Alinougn tne auo Ject was thoroughly discussed, no defi nite action was taken in arranging the pensioning of old employes. In the new Official Hat tha nam r. J. a. itearg appears as the renreaenta. tlve of Oregon. Mr. Reark was elected to serve on the committee "on constitu tion and law. Mra. Frank Kellv nf Portland was chosen national vice-president of the ladies' auxiliary. The fol lowing officers . were elected to serve for the ensulns year: Prealdent w v. Kelly, Brooklyn. New York; vice-president E. J. Gainor, Muncle, Indiana; secretary. E. J. Cant well. Brooklyn. New lork; treasurer, J. F. Monger, Low Rates to the Coast, During Hentember snd rwnHav tv.. Canadian Pacific Is making very low rates to the coast For full particulars call on or address F. R. Johnson, G. A. P. D., 142 Third street, Portland. Or. , 1 ' If ' ' 1 '1 " J ' If" 1 US-V V I ' ' i - V 1 L p ' ' ' After ( ten . years contihiied VALUE Q I VI NQ we are prepared t h Is season with a larger stock and greater as RAINGGATS fV'. if: tr ' We unhesitatingly pronounce them THE EQUAL of $15 garments of any other store. We show them in both stores, and invite your inspection. You will not be disappointed TWO STORES THIRD & OAK mm I ff ii;J ' f43w Clothing he challenges any person to contradict him. As he puts it: "I am not an educated man: T n attended any colleges but I did receive a good common school education. I may be all wrong, but why don't some body disprove my theory. I have tried to get the public schools to let me teach it. but, they refuse me." EAST SIDE LIBRARY PIAHS COMPLETED Improvement Club Makes Arrangements to Col lect Building FunU. Preliminary steps were taken last night by the East Side Improvement as sociation toward raising the funds nec essary to build the east side branch, of the Portland public library for which a quarter block haa been donated at East Eleventh and East Alder streets by a member of the board of directors of the Portland Library association. It waa thought by a majority of the members of the East Bide Improvement asso ciation that $25,000 will be sufficient to build a suitable' home. It was decided to divide the east side Into 20 districts which are to be can vassed for subscriptions. The building and supply of books will be furnished by the- library association from the funds secured from the special library tax levy. That the opportunity for scouring a library centrally located would per haDs never be better the Eaat Side Im provement association is confident and ready to make every errort to get tne lundsi A protest was "made regarding the condition of the Intersection at Grand avenue and East Morrison street The intersection has' long been In a poor condition and teamsters have wrecked their wagons while endeavoring to cross with a load. The matter will be brought to the attention of Manager Fuller by the association. DEMAND FORFEIT - FROM BONDSMEN ' If you haven't the time to exercise 1-Achln.rlv Doan's TteanilAta will nravant constipation. They lnduo a mild, easy, healthful action of the bowels without griping. Ask -your druggist for them. 26c. ' Bondsmen for Contractors Toungfer dorf A' Son, who deserted their contract for building the city hall at St. Johns when the building was nearly finished, will be asked to forfeit 110 a day for each day between January 1 and April 11. It Is argued by City Attorney Greene of St. Johna that the contract called for the completion of the build ing by January 1. 1907, or a forfeit of 1 10 a dav for each day following that date until the building should be com pleted. At a meeting of the city council last night an inatruction was issued to the attorney to draw up an ordinance to cover this forfeiture, to be presented at a subssquent meeting. There will probably be some objection .to the psy ment of this forfeit and litigation will undoubtedly follow. The office of . Councilman W. C, Francis, onlv recently- elected to fill a vacancy, waa declared vacant again laat night on accourit of the removal of the councllmen to another city. Tha va-. cancy will be filled t "tha" nest regu lar meeting. .The " gas franchise was) read for the second time, but cannot reach its final reading until October 15. under the present charter of St Johns, Tha city attorney wia instructed tq draw up an ordinance prohibiting minora from frequenting saloons. p FRESH RUG STOCK Personally Selaotafl and Imported by George Jasoar. George Jabour returned from his eastern and oriental trip a few daya ago with as fine a stock of Turkish and Persian, rugs as -ever were shown on the American continent. An expert looking over the collection yesterday pronounced it a representative showing of the finest handiwork of the orient. Ita excellence might be, expected owlna to 'the selection having been made per sonally by Mr. Jabour.' As a result the connoisseur will find rare and choice designs and colors never before seen and only shown In ths most exquisite examples of the rug-maker's art VS. Pocketbook t When the matter of getting a new garment comes up do not settle the question offhand. Don't attach too much importance to the economy side. Buying a poor garment because it is cheap is , not saving money, but wasting it. Look into the merits of the garment the quality, the linings, the prevailing styles, the fit, the workmanship, etc. We do ail of this with the Busi ness Suits we make to order for $25 and up (depends on the cloth), and it is a foregone con elusion that you will place your order with us. Every garment is cut to the! individual measurement of the J wearer, in the most approved: style, under the personal super vision of Mr. -Maxwell. We guarantee to please or we! won t take your money. Select Your Coal ,SuikSliji& Coast HURSDAY SPECIAL ME 0E MM COATS Maxwell Tailoring Co. V MERCHANT TAILORS . 112 ECCOND STREET, NEAR -ALDER, PORTLAND, .OR. 1 A regular $10.00 black 50-inch long loose A regular $17.50 black broadcloth, full satin' r . Kersey Coat lined, 50:inch long Coat, j'V " A $4.95 $1 0.00 yJ I it" ) a i ,-tnu-, ". , , rr Regular $20.00 to $22.50 black, broadcloth j V ''IV - f A relar $12-50 blfk 50-inch long Kersey Coat, nicely trimmed, 50 inches long, M satin J r T V ) Coat, nicely trimmed, body lined, - lined, " sr a) a sn ? ' I '', tr Bk a - m mm a ii rti n. .n n . . -s I I III f iK Vv V h ; r 111 '1; ..t ' l "sW' IM I ."II :H VAHU Us':,; I . i II II l i.l nh a a w I siBfcrecrvy t mm yi . 1 . ' l t! . t 1 Reeular $12.50 Priestlev Raincoat I Rfjni1ar $10.00 anrl $12 ft RWi'rtQ . 1 II ? , : . - ill f rr F" iti icif ii j . spa j;jpJJ , , : w. j I Wholesale and Retail J ' ffl : T(f RH jfV ff l- Rh and Aider