Image provided by: University of Oregon Libraries; Eugene, OR
About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (Nov. 10, 1907)
THE OREGON SUNDAY JOURNAL, PORTLAND. SUNDAY MORNING, NOVEMBER 10, . 1007. "" ' 7 - 1 .1. . ! ll ' ' ' - " ' ' . ' i -Wo honor Clearing House Certificates for Merchandise or on Accounts K Owing to the backward season and the tightness of the money market, we are over stocked with Clothing, which compels us, right in the HEART of the season to place on liif. : , : . 1 f 1 W U I b SALE 71 f S.X n, B III- r A 1 Jif SUITS. VE1 Commencing Monday Morning, November '--I J-th Onepf Portland's largest and most complete stocks of Men's and Young Men's AND C1AVEMSTTES AT A SAVING WORTH HAVING- A CHANCE OF YEARS Our long-standing reputation as retailers of good, honest, substantial clothes is too valuable an asset to jeopardize by selling you anything but the right merchandise Men's and Young Men's Suits, Overcoats and Cravenette B6 ' ' " 13-. 40 mwM Former Values From $10 to $25 SEE WINDOW DISPLAY 4 Mm Corner Morrison and Second Streets m 3EE INTEREST 0 Oregon Savings Bank Re ceives $22,000 on Thone Securities Prompt Pay ment Strong Argument for Reorganization. Payment of semi-annual Installment of 5 per cent Interest on Home Tel' phone bonds aggregating $4,890,000 Is In progress. The bonds jomprlse the Issues covering the I'ortiana iiome ici ephone company, the Tacoma Home Telephone company, and the Omaha Homo Telephone company. The total Interest payment for the October In tallment aggregated X. approximately 1121,000, of which Portland received the Interest on an Issue of $1,875,000. In addition, about $22,000 came to the Oregon Savings and Trust company pb holder of approximately $850,000 of the bonds of the Omana ana lacoma iiorae Telephone plants. Interest Fold ta Gold. The holders of Home Telephone bonds have been busy clipping their coupons for two or three weeks. The Interest payments began October 15, and every day some bond holder pre sents his coupons j)d Is paid In gold, according to the terms of the bond. "There has not been a single quibble of any kind Jn connection with the In terest payment on Home Telephone bonds," nald Receiver Devlin, of the Oregon Trust and Savings bank. "The money was on band In advance for nil payments, and the coupons are good for gold on demand. Had the depositors in the bank held these bonds Instead of the account books they woild have been the recipients of the $22,000 Inter est paid on the bank's holdings." Jhe Home Telephone bonds have i MASONS OPEN SEASON WITH BRILLIANT BALL ; "f-" r'-.-V;?. ::M&0 '-h'.-' Ai: PVaf-""M.O,"' W,' -v-vs - Li 1 v tflp'if 4 Jit iilfrTMtiri Ball Room Scene at Ball Given by Scottish Rite Masons Friday Evening. Flashlight Photo by C, C. Woodworth. The Scottish Rite Masons opened their season brilliantly Friday evening with the first ball of winter. There was an unusually large attendance, and the handsome ballroom, one of the fin est on the const, was a beautiful scene. Cards were played In the clubrooms and Mrs. J. W Cook and Mr. Borgen won tho prizes. Parsons' orchestra played for dancing and an elaborate supper was served In tho banquet-room, which has just been newly carpeted and arranged for use. The entertainment commit tee thin vear consists of Dr. C. C. New castle, E. B. Colwell, D. A. Avery, Rob ert A. Miller, George W. Stapleton. E. D. Jorgensen, Richard H. Martin Jr.. J. F. O'Donnell, J. G. Mack, A. M. Wright and D. W. Ilazen. proved to be the best securities held in any considerable amount by the Ore gon Trust and Savings bank. It Is be ginning to be realized by the depositor who has nothing but a ten-cent deposit book to show for his deposit in that in stitutlon, that a telephone bond would be a very good thing to have in his safety vault box when semi-annual in terest day rolls 'roXind. Notwithstanding this view held by'a Urge body of the depositors, mere la still a sufficient number nanging DacK to defeat the clan of the Depositor's association to Induce the depositors to sign up for the entire Home Telephone Tf ?T?TTfTVfTTVVTTrfTTTTrTTVTTTTTTTVTTTT"" w 7 DIAMOND HEADQUARTERS J A diamond is a good investment at any time .and by its per- manence becomes a joy forever. Therefore a gift of this kind always pleases, more especially with the Feldenheimer stamp of' quality. Prices are absolutely right through favorable buying facilities. Our Mounted Stock is a realm of beauty and can only be appreciated by personal inspection. Special diamond pieces made to order now, for Christmas. holdings In the bank's posses- COXITIS TBXBX AXB WASKXXasOST SXJUKSXa. wv - X y XUurafkctarlsff Jswcleri. Opticians. , DUmoad Importer. bond sion. The association at the beginning saw that this would be 'the safest solution of the problem for the depositors. Tho men who were desirous of reorganize ing tho bank also saw that If the secur. Hies could- be thus utilized to relievo the bank of Its loud of deposit liabili ties. practical reorganization plan couia oe worxea out. Almost HopcltM Talk. President John L. Day; of the Depos ltors' association, who with Secretary Richmond, Judge A. E. Reams, Jeffer son Meyers and others, has been work ing in season and out of season to get ino oonus into possession of the depos itors, said last night at the close of the ween 8 worn: The denosltors association's ond of the work In reorKantzlnar the susnendi'd Oregon Trust and Savings bank is yet Incomplete and President Day says that while the work of getting those who are holding back to come In and slcrn UD Is not lmDOSslhle he at times nlm.ist despairs of being able to get them to protect their accounts by signing up for the securities. - "The total amount signed for bonds to date is $756,000, leaving $129,000 yet to be subscribed. ! Ninety-seven thous and dollars worth of the bank stock is also provided for, leaving a-balance of 93,uuv. mere are enough accounts outstanding to provide, for the above amounts and we hope to be able to show them where their Interests will be protected by signing for the bonds. "We aresurprlsod to note the oppo sition of a few, attorneys to our plan. They do not appear to know of - any other plan which will produce anv whre near the same results for all th depositors.; In th meanwhile they are jeopardizing me interests or their clients, as all must participate in tak ing the securities, or share alike in the loss if our plan does not carry." - A. E. Reams, who has hern taklnar so actlv aft interest Is' tot reorganisation i plan, is optimistic regarding the sctifmo. In speaking of the matter Judgo Reams said: Flan Stoves Along Slowly. "The financial situation will not ser iously effect our plans for reorganiza tion of the Oregon Trust and Savings bank; unless the peoplo generally and throughout the United Slates lose tholr heads. "The trouble has been that the money has not Increased proportionately wl'h the property values. Less than five per cent of the business of the country has been done on a cash basis. The vol ume of money is so small as compar.-d with the property values, and the re quirements of trade, that the money is easily hoarded or cornered. "If the people become frightened to the extent that they will not support tho banks: then those who have the money will hold onto It, and our prop erty values will decline corresponding ly. The situation today Is exactly the reverse of the one of 1893. Now, while property values are high, they are real; then tliev were Inflated. Now it is to the interest of everyone to Busta!n them. Whatever contributes to th hoarding of money will, if continued. assist in the decline of values. The real solution of the question, national ly. Is probably to be found In tho in crease or tbe money proporiionaieiy with the increase of business and of property values. "Everyone connected with the reor ganisation of tho Oregon Trust and Savings has been devoting months of time and labor without recompense to get the depositors their money, for in this way alone can they get their own. If -the people will come in and sign up the rest of the bonds, and the financial conditions shall soon be re lieved, so that the new money pledged may be available, the depositors , will get full value for their deposits. "No other on thing could help Port land In a business way as much as! UUa. , Nothing coitld bclp the banks Of the city and of the state more: in g and there is nothing hotter that It Is g to note tnat wo are gettlngj gratify tne support of business mon enerally, they could do for their own interests than to help their neighbors In thla way. Let us see If wo cannot close the bond sales this week. DOUGLAS' SCII00L ' OFFICIALS CONFER (Special Dl;ateh to The Journal.) Roseburg, Or., Nov. 9. The conven tion of the school officials of the dis tricts of Douglas county was held yes terday In compliance with tho new school law that requires such meeting once a year. State Superintendent Ack- ermati was present. The meeting was an enthusiastic one, and such subjects as agriculture, school , buildings and equipment, the industrtal'.side of public scnoot eaucaiion, seiecnon or leacners, beautifying the school grounds and changes in the school law were dis cussed. The conference was a very informal affair. The address of the state super intendent was the principal feature. School libraries and compulsory educa tion were the subjects of highest inter est. 149 SEVENTH IN'enr MORRISON 149 SEVENTH Near MORRISON --T ! I A jf EVERYBODY INVITED TO ATTEND THE GRAND OPENING AT. ragon Restaurant The 0 SATURDAY SUNDAY November 9 D November 10 Music both evenings from 5 to 8 o'clock. Souvenirs and Tea will be given free with orders. FIRST-CLASS TURKEY DINNER 50 CENTS. There are two kitohens in connection with this restaurant which provide its patrons with quite a variety in the menu, ; both m American and Chinese dishes. A merchants lunch is served daily for 25 cents. . - COME AND TASTE NOODLES AND CHOP SUEY MANY OTHER DELICACIES ' MR. OONG WO, Manager - 149 SEVENTH Near MORRISOIN ''IT &'$iesmt$ Crhinite Co. ' ' ixi --267 .Third Street ' u Kf'&CAs1! fill mwi0mmw- """"'"'MlW"a'w"M,,1"'iiiiw (mini Rosenthal's fit the feet ABANDONED CLAIMS GOOD WHEAT FAE3IS (Speflal Dlnpatcb to The Journal - Echo, Or.. Nov, S. Laijii that was abandoned by homesteaders Who came here in the early days in being filed on. it has been noyn mat it is among the very best wheat land Ja the west end" of Umatilla, county. It lies -fro?n those who are now filing W it In I0 acre tract expect to, make some of mo ocbi i arms in xnis section. Early "uino oi . xnesw lanaa Had planted poplar trees and had made ail arrangements to locate permanently but abandoned their -claims lor land they iiiuhjiiv aiiBiii i utuer.i esince men it uu uvea lying laie, KLAMATH EXCITED OVEIl OIL AND GOLD (Spwlnt njHtwtcii to Tbe Jonrenl.t Klamath Falls, Or., iNov. 9. bonanza two to ll miles southwest of ubond la at itriifnt tcaaauiutcis tor an uJ excitement Two paroles roaile r.? for the same land thij week, conulJr-( of l,7ti0 acres in the unnr rrid of t f Langcll vallsy. Otm party,1 h'-flnii h J. O. Hamaker, pomej notiocn Jifrit, h t the other party, hesilej t'v K. I., i. .... succeeded la fillnir leap first. A mill g-old eicltenvf t I thla vicinity and a si.ift haw I about balf '. , mtje iwriii i f i fprinx trsct. CiulJ )j,-m J - this section but never u -t . quantities. rr, I Tomorrow will dlsuount on- Wtbt 1 . 1