THE OREGON SUNDAY JOURNAL, PORTLAND. SUNDAY MORNING, NOVEMBER 10, . 1007.
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-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
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SALE
71
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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
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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
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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
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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.
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Tomorrow will
dlsuount on- Wtbt
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