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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (Oct. 9, 1907)
1 THE OREGON DAILY JOURNAL.' PORTLAND; ' WEDNESDAY EVENING, OCTOBER P. 1907. 1 , itlna r ur. u. it. and W. Li. Holae EASL SIDE ANGRY OVERBRIOGEOELAY ' Large Crowd Wants to Know ' What Has Become of Suits and Conduit. Member attending the mfetlnn of the federated tut side cluba last night at thr Hotel Sargent expromeil Impatience tt the delay In the progress of the suite unrted to teat the validity ir uie oona vni.il ljt June with which to build a new tirldgo to replace the antl- .,iiii MiullMnn street etruoture. The matYihurn nlnu wanted to know what had beon done In the way of building new conduit from Hull Bun river. A rumraltt, coiimtiiin n.ir.iv U H Prouti wan appointed to confer with the city attorney to as.ertaln what meamires are noooasary to expedite the brldire and conduit construction. Every part of the east elle l Intensely Intereeted In the ncr pipe line from Hull Run and voted for it with the undertandlng that no delajr "would be experienced In getting the pipe line at once. The long delay of alx . montha with no plana drawn l exbauatlng the patience of the east aide. Other Important mattera were dle-cunst-d. Including the practicability of building concrete sea walls along the waterfront This matter was Intro duced by T. J. Flynn. He spoke at length regarding the advantage to the ' city doing Soch work and the eventual necesalty of" the improvement, together wlh the Improved appearance and lodk Of prosperity It would give to a city. To Wldea Bridges. W. L. Boise was authorised to secure Information a to the widening and raising of the new bridges so that traf fic on them would be leas Uabla to de lay. O. C.i Parsons of Piedmont said that. In view of the fact that the Har rtman lines - were considering the re construction of the Steel bridge on wider plana, the club could do no better than to urge the cooperation of the city In building a. better and wider bridge where the Steel bridge now stands. E. I Thorpe, secretary of the eon . mlttee In charge of the grange and Multnomah county fair, Invited the or- Sanlsatlon to visit the fair on Portland ay, Friday, October 18. The Invitation was accepted and as many of the mem bers as possible will attend the fair. NATIONAL DEBT IS SHRINKING Total Is $2,000,000,000 Less Than It Was 42 Years Affo. SOON Ttl CONTROL Will MARKET v", AID SOCIETY HOLDS MONTHLY MEETING elsaaasnaessBBBSiaaMMSHsasaM IEL(r PAID OFF AT $17,000,000 A YEAR Intercut Kate Diminishing With Principal and at Present Rate En tire Ieht Will He Wiped Out In 20 Yearn. An Interesting study Is found In an examination of the history of the na tional debt since the close of the civil war, 42 yean ago. In August, 1 165. the I'nlted States debt reached Its maxi mum when the national finances were struggling under a load of $2,844,449,41 or Interest bearing bonds, which bore an average rate of 6 1 per cant The present total of IH6S.0U0.000 Is almost $2,000,000,000 less than the maximum, and la but about half the capitalisation of the United States Steel corporation, and more remarkable yet bears an In terest rate of only 2.8 per cent. Since the close of the war, the coun try has wiped out Its bonded debt at an average rate of over $47,000,000 per year, which If kept up for the next 20 years will result In extinguishing the entire debt of the country, and will also release for current expenses about 120, 000,000, now required to meet the an nual Interest charge. A further examination or this inter esting subject brings to light ths mar velous chance that has been wrought lr the per capita debt of tha nation In the velous change that been wrought In Superintendent Gardner Be ports Increase in Number of Children Received. M ths monthly meeting of tha Boys' and Girls' Aid society, held yesterday afternoon at the chambers of Judge William B. Gilbert, Superintendent Gardner reported that 60 children wars received during the month of September, ah Increase of 15 over the number re ceived In the corresponding month last year. Out of thla number 29 are new cases. 11 being from Multnomah county. Mr. Gardner reported on his trip to county seats In the southern part of the tats.-' He said that some of tha local organisations are much more active than others. One of the chief difficul ties. Is disregard of the compulsory edu cation law. Tha society la preparing to send a circular letter to the custodians of all wards, calling attention to the law, and tha county school superin tendents have promised to gaalst in very way possible. Truant officers will take the names of the children and report upon them at intervals. Another means adopted to keep in toucih with tha children placed by the . society is In the preparation of special : report cards to be used by teachers In all schools where wards of the society are sent. BURGLARS GET CASH IN HOOD EIVER MILL (Special Dispatch to Tbe Journal.) Hood River, Or., Oct . Tha mill 'of the Hood River Milling company was entered Monday night by burglars who secured 110.60. Entrance was effected by forcing a window. Manager G. J. Gessllng, who states that ha has been , anticipating a visit of this character ever since uie mill was Duut. lert tne safe unlocked so aa to keep robbers . from blowing it open. The cash drawer : Was locked, however, and this waa broken, open and iti contents: taken.1 No : trace or tne roDDers nas Dean aiacov red. - This Is the second burglary of this Jharacter within a short time and Is eading the authorities to believe that it may be the worn or parties in tne 10 tality. rather than strangers, aa waa first thought past 42 years, in 1865 there waa 63.20 of Interest bearing debt to each man, woman and child in the country. Now this figure has dwindled to f 10.20, a re duction of $63. Interest charges now amount to less than IS cents per annum, against $4 In 1865. In other words, while the gross debt per capita Is 16 per cent of what It was In 186S, the fixed charges per capita have shrunk to but 6 per cent of the requirements 42 years ago. At the close of the civil war, when the national credit was strained almost to the breaking point, the annual Interest disbursement amounted to $175,000,000, an average interest rate of more than 6 per cent. Today more than three fourths of our bonds bear but 2 per cent, while the average rate on the en- lire outstanaing issues uui t.t in cent. Not only has there been a ire. tnendous reduction la debt but a stead ily expanding credit haa resulted In cut ting off nearly two thirds of the aver age interest rate. While the Interest bearing debt of the country is 1868,000, 000, the report of the United States treasurer shows that there Is enough cash in the treasury to retire nearly 45 per cent of these bonds. In the following table Is shown different Issues which make up present interest bearing debt of country: Title. Rate Per Cent. Consols of 130 2 Loan of 10 8 Refunding certificates 4 Loan of 1825 Panama canal loan 2 Output of the State of Ore gon Is Growing at a Very Rapid Rate. SUPERIOR GRADE OF NUTS PRODUCED HERE Experiments In Peanut Culture Show That the Goober Can Be. Raised Here Climatic Conditions In Eastern Oregon Favorable. ' a: the According to the moat prominent handlers who have received local sam ples of late, the state of Oregon Is destined to soon be In absolute control of the walnut market of the Taclflc coast which means the I'nlted States, because at this , time California con trols much the larger per cent of the trade. Walnut growing In Oregon la not yet on a very extensive oasis uui me uui- put Is showing a tremondous Increase. It haa only been a few years since the growing of walnuts attracted commer cial attention In this state. Moat of the first nuts grown here were or small Slie and of rather Indifferent quality and fur awhile producers felt mat climatic conuuious wvie nvi iiuk for tha rslslna of walnuts on a com mercial basis In competition with Call Of recent years, however, a Dener class ot trees lia been set out and the nuts produced are not only as good as those raised in the south, but experts pronounce them to be far superior to those grown any other place. They say that not only does the walnut reach the large else of those grown in tne soutn rn state but the nuts are generally of better color; the meat la firmer and the oil more abundant and richer. This la causing many to so Into the culture of walnuts aa a regular business. It has been shown that walnuts are one of the moat profitable crops to pro duce even In California where the dry weather In many seasons interferes with a large crop. Here In Oregon the ex perts say there can scarcely be a Ten ure to produce a good crop. Kverv year tne aemana ior wnmun Is Increasing while the output has steadllv decreased. Values have been advancing for several seasons because of the smaller crop both In California and In France until at this time quota tions are advancing to such a figure that the prices would soon be prohlb Itary If allowed to continue upward for a short time. Peanuts Are Proves a Buocess. For the culture of peanuts Oregon Is not making much of a showing at this time but It has been proven beyond a doubt In a number of Instances that peanuts will grow to advantage In most parts of eastern Oregon and the quality will be just as good as ever was shown in West Virginia. Here and there are EASTERN MONEY FLOWS SLOWLY any considerable Investment of eastern money In timber lands or other staple Oregon resource during the Inst week or J two. The . tight money martlet east HW fVllllUlUU Vila J " this way so far as Oregon prosperity Is Investors From Across the Ri Waters Want Gilt Edges on Buys. CROPS WILL LOOSEN STREAM OF GOLD Hank Clearings Again Show In crease fn Portland Over Correa. ponding Week Last Year Mar ket Tone Shows Steady Pulse. Maturity. 1930 1908 1925 1916 Issued. $48,250.150 198.792.6fi0 40,012,760 162,215,500 80,000,000 Total $1,077,371,060 Outstanding. 646, 250,160 63,945,460 22,620 118,489,900 30,000,000 1868,708,130 GENTRY BROTHERS SHOWS ill TOWN Fine Street Parade Wit nessed by Hundreds of People This Morning. and curves believe cannot be Here is a variety of shapes, crowns, brims that we iound elsewhere. We are agents for the cele brated "BEAVER $3 HAT," Which Is ' undoubtedly the best sold in Portland for the money. CIolhiiiQCo The biggest of the smaller shows, bet ter known as Gentry Brothers' Famous Shows. United, made good Its promises of the past several days and presented to sevaral thousands on the pnnsinai streets this morning one of the prettiest street parades ever given by a traveling circus. The crowds that Hped the right of Way were not only delighted with the diminutive chariots, coaches, cages ana tableaux and charmed with the ixcel nt tha wardrobe and decorative materials used In the parade, but they were a unit in expressing surprise at toe fine conditions of the hundreds of ponies and horses. In these particulars, especially, comparison- with gny oMier circus narade seen here this season Is altogether favorable to the Gentry Br0tW Hearty a M1U long. Jn addition to the quality and Indi viduality Of the various features, not excepting the Inevitable elephants, camels and calliope, the crowds had oc casion to express surprise at the lengtn of the "dog and pony" show parade since the display waa nearly a mile in length. Notable among the features were Count and Baron Magri In the tiny coach originally given Mrs. General Tom Thumb by Barnum; the wagons bear ing the scores of berlbboned and well groomed dogs; the little pony colts trot ting alongside their mothers, and the mnnkpvs some of whom rode "outside" on top of the cages, while others were seen In durance vile behind the bars. Tents Are Crowded. VMrlv this afternoon the doors of the Gentry tents were thrown open to the thousands of patrons, mostly children and their escorts, who came to see the iony drill, tne monaey nre aeparxmem, h iilvina dosrs. the pyramid pony act, and the various other features Incident to the characteristic ueniry program. Countess Magri Mrs. General Tom Thumb also held court Just Inside the main entrance, renewing many friend ships dating back 40 years, and the pony and animal tent also oome in for a large share or attention. Following- the afternoon performance all the children In the audience were elvpn Invitation to ride the ponies, ele phanta and camels, and few of them declined the offer. The Gentry shows will eithlbt on the same grounds this evening. SUBPEISE SPRUNG IN HINES MURDER TUIAL small patches of peanuts scattered throughout eastern Oregon but until the last year but little attention hae been paid to thla crop in a commercial way. Annually large sums of money are sent to the cast and to Japan to furnish the Pacific northwest with pea nuts that could just as easily be pro duced In Oregon. According to a grower from West Virginia who was recently on a visit In this city, the climatic conditions in eastern Oregon are Just about proper for the successful raising of these nuts. He said that the peanut does not desire rich soil; the poorer the better, and In sections of the Inland empire peanut growing could be made successful on ground that Is not at present utilized. t Dullness continues to characterise the investors' money market In the north west, and particularly In non-produc tive properties. In any stringency the sDeculatlve feature of Investments Is the first to go lame, aa the rtady money Is held for use in revenue pro duclng or going operations. There Is no reason to doubt that by the first Week In December the large volume of money Involved In the turning off of the crops ill be loosened upon the Investment market, and there will be a plenty for five, six and seven per cent legitimate securities. Portland's bank clearlnas for the last six davs have resumed In a I arse meas ure their former rate of sain over the preceding year. The week ending ves terday showed total clearings of $8,289. 663.10, aa compared with $6,395,746.46 for the same period of 1906. A gain of 33 per cent clear Is going some even in these days of prosperity, when it is considered that the record Is a clean one, made on a basis of actual cash handled, and not In the least measure Inflated for advertising purposes In the eastern magasines. There has been a notable absence of Another nut that norma to find con ditions here Just about right for best quality is the small chestnut so highly prised for "stuffings" by leading chefs. This nut Is usually brought here from Ohio In heavy quantities each year but all this money is .wasted because ex perience has proved that Oregon soil and Oregon climate have combined to produce a nut that Is as sweet aa that grown any place In the country. As a small crop producers say this would be a paying lnveatment. "An East Side Bank for East Side People." . Some Reasons WHY YOU SHOULD OPEN AN ACCOUNT WITH THE Commercial Savings Bank BECATWB It will help you to save your money. It will give you better credit. It will help build up your com munity. And because, all successful business men deposit in their home banks. Four per cent interest paid on Saving Accounts, compounded semi-annually. XJfOTT A1TD WrLXIAHJ ATB. George W. Bates President J. 8. Blrrel Cashier cornea Into Oregon to be placed la laUmt resources releases that much Oregon wealth for active development uaea Therefore the . eastern Investor la a highly prise element In the state's up building, and his nBseaaa , this month only makes the Oregon heart grow fonder. Tlmberianda have In . two or three years come to be ranked as Al security by the banking fraternity. It Is being realised that the exclusive hold the northwest now has upon the lumber manufacturing Industry Is a real ' and tangible asset and thst timber values will, resist the Influence of hard times stronger than any other class of prop erty. The only danger attending tim ber Investments Is that of fire, and this la diminishing every year ae the state increases. Its precautions and tbe publln becomes educated up to a realization of the vital necessity of preserving the state's standing timber from harm. Realty values In Portland are still low enough to make Investment at tactlve to any capitalist from outside of tha slate as well as local residents. The city has successfully steered clear of a boom and as a result Its realty values are holding their own and slowly but surely advancing with tne city a legitimate growth of population and industrial development. The same can be truthfully said of every considerable city In the stnte ot Oregon.' In cities Ilka' Eugene,' Bedford. The Dalles. Hood River and many others of like class, there Is apparent a strong spirit . of progress but no erase In realty specu lation. Theoolootst movement from ths middle states to Oregon; which Is now under avay and has run-steadily since September 1, Is doing much to counter act the effect-of the recent close money market. There 'are about t.BOO home seekers and small Investors coming-in through the Huntington gateway every week, and It is estimated that by the olose of the colonist period October tt the number will have reached 1M0O. Nearly all of these people have some money to Invest, and they either come to invest it or no iook over the rieiii iih - vi (a permanent invswn" nWvMi tn frulf or agricultural lands or- mercantile puruaits. DOMINION HUNTING -1 YANKEE JPOACIJERS " (sWllI sDltnteS 4 te Tbs" Jirot. -.it. - q r - W t.Harlng heard that American poaennrs nau u.. it.. .( enut of Vancouver Island the Dominion' government flsh v.iiMi Viaa laft nort u- der full steam. Captain . Newcombe stated, that he expected ;to jmake some captures and would mako a inorougu pairoi oi tne ww uuu .....L.I 4- SAVINGS BANK or THE TITLE GUARANTEE & TRUST CO. OPEN ON SATURDAYS FROM A. M. TO 1 P. M. i AND ON SATURDAY EVENINGS FROM 6 TO O'CLOCK. WE PAY 4 INTEREST On Savings Accounrs, Interest Com pounded Beml-Annuaiiy. WE PAY 3 M DAILY Balances of Check Accounts. OFFICERS THORBURN ROSS GEORGE H. HILL - T. T. BURKHART - JNO. E. AITCH1SON ' - President Vice-President Treasurer - Secretary 240-244 Washington Street (Corner Second) PORTLAND, OREGON A . a Compam Compare the person with his $t,000 saved by ; putting away 'thev small w sums, his prosperous ap-' pearance, his methodical habits, ' his associati6ns, with the other person .wWhas V "good time" with his money. Follow the example f the former and start your $1,000 account at once in our Savings . Department. Our small leather-covered Pocket Savings Bank will aid you in yout effort. We pay, over 4 per cent interest on Savings: Accounts. Call or write for one of our new free pamphlets, Merchants Savings and Trust Company 347 WASHINGTON STREET. ' CAPITAL rULLY PAID $150,000.00 J. Frank Watson President R. L. Durham Vice-President W. H. Fear Secretary S. C. Catching Assistant Secretary O. W. T. Muellhaupt Cashier WO M Laoo Pat Tmco.B Wilcox VP. LWMtCR EtXHANei &UILDINO 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 JXSBS B. SXABF, MAnarov of Aseats. 914 Xrfunber Exchanga Bids;. Bankers and Lumbermen Bank ' . - - Corner Second and Stark Streets 1 PORTLAND, ORE. CAPITAL STOCK, $250,000.00 OFFICERS H. D. 8TORT..., V:: . .Assistant Cashier F, H. ROTHCHILD. .1st Vice-President , PLATT A PLATT. General Counsel JOHN A. KEATING, 2d Vice-President and Cashier. O. K. WENT WORTH, President. President Portland Lumber Co. CHARLES 8. RUSSELL, Pant ft Russell, Lumber. Director Commercial Bank, Hillsboro. p. S. BRtfMBT, Agtent Blodget Co., Ltft. Director Booth-Kelly Lumber Co. DR.- K. A. 3. MACKENZIE, Chlff Burfeon of the Oregon Railroad ft Navigation Co. DIRECTORS GEORGE O. BINGHAM, Attorney, Salem, Oregon. Vice-President Bank of Wood burn, Woodburn, Oregon. LLOYD J. WENT WORTH, Vloe-Presldent Portland ber Co. Lum- J. E. WHEELER, Secretary Wheeler Timber Co. FRED H. ROTHCHIL'D. First Vice-President, President Rothohlld Bros. JOHN A. KKATINO, second Vloe President ana Cashier. ROBERT T. PLATT, Piatt ft Piatt, Attorneys. Vice President Peninsula Bank, St Johns, Oregon. H. Pi STORT, Assistant Cashier. (United Pre I.aod VVIre.J Goldfield. Nev.. Oct. 9. Fred Bruhn. the star witness of the state In tha Hir.es murder case, created a eensa tion In court today when he testified that Podhorsky, the Russian count, was sitting down with his hands on the table in front of him when he was shot and that he never arose after the flrfct fire, but gradually reeled from tne cnair to tne rioor dead. The de fenee has been trying to establish self defense in that tne count rose And nut his right hand toward his hip pocket hen he saw Hinea RDDroach. Thla Waa the worst blow the dejenae haa sus tained. The case Is being argued to the jury this afternoon. 1C5 end 168 Third Su Mohawk Building. '' Tomorrow will be the last day for discount on west side gas bins. In the future the reading or meters on tha west side win commence on tne each month instead ot the 16th, as tofore. to accommodate tits Increase consumers. on tha I Uth of I as here- I rease In I K SOMETHING NEW IN REAL ESTATE ADVERTISING One Advertiser Tells the Plain, Unvarnished Truth About His Property, It is our hope to sell just 300 Irvington Park lots to home-builders this fall. If we succeed in doing that, we are indifferent as to whether we sell another foot of that property for the next five years. In fact, we would rather not. If we cannot sell them by telling the plain, unvarnished truth, they will never be sold by us. Consequently, we have determined to adopt a plan of advertising that is quite unusual among real estate men the plan of stating the actual facts. As a rule, a real estate advertiser will tell the advantages and allow you to pick out the disadvantages yourself, awaiting the opportunity of arguing with you about the latter. We have no such desire and never intend to mislead; it's not necessary. When you go out to Irvington Park with us we want you to see just what we say is there arid we want to say it alL. The streets hi Irvington Park are all cleared and provide good roadways as they are ; but they are not graded. They will be as soon as men and money Can do it. The Alberta street car line runs within 3 blocks of the Park and that line will be extended to the center of the addition just as soon as we can get East Thirtieth street graded, the only thing that is holding us back. The same grading proposition is retarding the building of cement sidewalks. These objections, as far as we can see, are the only ones that are in the way of , making Irvington Park one of the most desirable residence locations in Port land at the present time. Then, again, we are sell ing property and not improvements. Therefore, the improvements abov mentioned are not included in the price of the lots. They will all be put in, however, and each purchaser of a lot may pay for his grading under the bonding act, being allowed 10 years to do so. We could add the cost of these improvements to the price of the lots, and add an additional sum for these benefits,, and charge you at once for them. We deemed it far better to allow you 10 years to pay this part of the bill than compel you to pay it in the time that we feqtiift you to pay for the lot. This, therefore, is to your advan tage and not to ours. Now, you know all the bad features about Irvington Park. Permit us to tell you just one advantage that throws all the dis advantages in the shade there is a magnificent and valuable growth of 15-year-old cedars and shrubbery on almost tvery lot.1 Prices from $225 to $350. Terms 10 per cent cash and $10 per month, 6 per tent on balancei You can almos pay out on the property within the year.; Call at our 'off tee and learn more about this garden spot F..B. HOLBROOK mM&Bm , On th Ground Kith Jt IflllSiiarawOk.ell Pnone Main 3396 . take albirta cail m & washincton. wik 3 Mocks North IT ''V-v;? .4 '-.-- "11-