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-