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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (Dec. 5, 1907)
OVER ICO MEN AND WOMEN, BOYS AND GIRLS, ADVERTISE FOR. WORK IN THE JOURNAL. SEE CLASSIFIED .PAG!: MORE HELP WANTED? BUSINESS FOR SALE? REAL ESTATE FOR SALE JOURNAL CIRCULATION YESTERDAY WAS 29,650 Advertise in The Journal . Tb wflstbor Occasional rila to tight nd Friday; loutborljr winds. VOL. VI. NO. 235. A , 'PORTLAND, OREGON, THURSDAY EVENING, DECEMBER ,,0, 1807. EIGHTEEN PAGES. PRICE TWO CENTS maim ahd ww. BACK Mm At ON HARK MAN ROADS am IBM ROUTE VIA Lane Cut-Off Employing Hundreds of Men ' and Teams as Predicted in The Journal. Orders for New Rolling Stock Have Been Placed. MAX WHO IIEM'ED WIIKCK IJAXK (Special Ptapatch to Ts Joaniil.t Omaha, Neb., Doc. 6. Work of the Lane cutoff, one of the most gigantic shortening tasks ever un dertaken by the llarrlman Hoes, has been fully resumed, as predicted In The. Journal; 600 men and 100 teams now being employed In com pleting construction. Work on the cutoff was discontinued the last week tin October, when Harrlman ordered a cessation of construction j work on the Union Pacific lines. The cutoff will be completed this winter at a total cost of over $2,000,000. It Is a succession of fills and cuts, shortening the main line of the Union Pacific seven miles between Omaha and Lincoln. The grading has all been done. Bridge work Is now the principal part of the labor on the cutoff. In i addition the Union Pacific here is storing ties at the rate of two car loads dally In Omaha for line re new al. Work will also begin December 15 j on the opening of new quarries to supply rock to ballast the main line i of the system, la which work over $1,000,000 Is to be spent immediate ly. The Union Pacific has placed the eleventh order with the Pittsburg Pressed Steel company for 1,500 cars to be delivered as soon as pos sible and another with the Baldwin Locomotive works for 25 locomo tives to be delivered within one year, as exclusively foreshadowed In The Journal. Work will commence next Mon day on the construction of a 10-m.le branch road from Kemmerrer, Wyo ming, to the new coal fields, ex pected to yield 3,000 tons of coal a day. The entire system Is resum ing construction work. rum m mm tb " - ' , II , I" y - .-.Vt . !- I ' . - ."..'' ' ' INI I I i w. "as. . .i j - . m m i ! m : tv . , ' i h i ijrr-rP2 xt r A II I opeciai pnoios iaKcn ior rne 'K"J 41m I American-Journal service show 7--- , v "'111 ' 111 3 i rv i WORK OX S. P. LINES. General Manager Calvin Says C$n- structlou Continues. San Francisco, Dec. 5. CJeneral Man aitr E. K. Calvin of the Southern Ta ctile company says that work Is going on unceasingly on the Bay Shore cut On and that men are being assembled for construction work. The ilurrlman ltnAH hud rletermlntd to nnnw activi- tieti'fhe first of JDecember and railroad wor'c in this etato will progress as usual. SCHNABEL'S clients iy Attorney Confers With Do- posi tors' Association of Oregon Savings and .r raiifres Meeting to lie Held Witli Bank Olllcials. M.TAKAHIRA WILL COME 10 AMERICA Stronsr Effort Will Be Made to Have Depositors He Represents Join Reorgani zation Scheme Jleeting Causes JJenewed Hope. Ambassador Aoki's Place ) ill Be Filled hy Present .lajianesc Knvo.v to Italy as Soon as LVsignation Is Accejitcd. WILL FORCE BANK LOOT W7M rrrr i ' s-sj i i ' . ' Special photos taken for the American-Journal service show Howard Maxwell, who was president of the Borough Bank of Brooklyn and whose name Is the latest to be added tothe list of tragedies grow ing out of financial conditions In New TorR. The Borough bank closed Its doors and discoveries of forgery In the manipulation of ac counts resulted In criminal prosecu tion. Maxwell was stripped of every cent he had in tho world. On the day he was arrested his mother died. Shortly afterward, In a fit of sudden resolution, he cut his throat. There la also a picture of the Maxwell home in Brooklyn, with an inset drawing showing the interior. Max well did not die at once, but surgeons-could not save him and he never regained consciousness. Dovcloptnontu at tho OrcRon Trust & SavlnRS Lank today showed encourag- njf nl;n of pmKri'SH In the ftcpoiiltora' association movement towant reoricnnl xatlon and payment of dollar for dollar o depositor. C. J. B( hnabfd. who represents cllenti with claims af?greKBtltiis more than $50.- 000. called (it thu bank tills morning, anil aftfr a long conference with I'realdent John L. I my, Judne A. K. Reamea and W. II. Moore. It wits announced mat air hnabel had volunteered to arrange a meeting between hi clients and tho bank's representatives. A strong eTfort wjll be made to Induce these depositors to come Into the reorganization plan. In a letter to The Journal today Mr. Kehnnhel made the following statcmen of his position In reply to published criticisms of his course In alleged oppo sition to the reorganization plan: Baplias to Criticism. 'It ha been stated many times In the nubile nreaa that my advice to my Cll eniB prevented a number of depositors of the Oregon i rust o.iviriK im from entering Into a plan or reorganiza- of that Institution. As to a liirgo A old Declares That lie Is I'nahle to Understand President Boosevelt An.v Better Than Do People of This Country. (Hnlted Prr Wtr.) Washington, S. C, Sc. 6 Jin nnof flclal tslafrsm from Toklo says that Togoro TakaJlra has bea appointed to sncoasd AokL. H. Takahlrs, was formtrly stationed at Washington and Is now ambanadoi to Italy. Depositors of Titlo Ouafanr ten to Ask Court to Com pel Otlicials to Beplaco 3Ioney Taken From Trust Funds. Books Show That Nearly m,0t)0 of Depositors Ac counts Disappeared Be lieved Sum Used to Cover Up Juggling of Accounts. BRYAN IN ACCOKD WITH THE PRESIDENT (United Pren LetMd Wirt.) Pittsburg, Pa., Dec. 5. William Jen nings Bryan is strictly in accord with tho piesident concerning postal sav lngft banks and guaranteed banks. He aid vesterday: "The money hoarded In hiding places. If It can bo drawn Into the banks and thus be put into channels of trade, will relieve the stringency more effectively than anything else. The postal bank will do this to a limited extent, but not completely, for in the plan proposed th depositors will be limited as to each person, and no checking accounts will be allowed. . "The system of guaranteed banks con templated tiie absolute guarantee by the government of such, banks as raav vol untarily enter Into the system. In en tering the system ibey agree to reim burse the government in proportion to their deposits for any losses in currency by the payment of depositors fn failed banks. During the last 40 years thfl average loss among national banks has been less than one sixteenth of 1 per cent pa deposit, and, as we have passed through two panics tn that time. It is not likely that the average will "be greater during the next 40 years. , illlllil SALARY NOT BIG ENOUGH John II. Hammond Resigns Highest Salary in Wrorld to Be Own Employer. ILU M fflK PUBLIC Prices Will Go Up Even If the Babies Get Worst of It. (United Pren Leand Wire.) Santa Barbara, Cal.. Dec. 5. John Hayes Hammond, greatest of mining ex perts and highest salaried man in the world, will quit his $1,000,000 a year job January 1. According to Hammond, who Is here with his family for the winter, he will sever his connection with the Guggen heims at tho becinninir of the new year. Thereafter he will develop his own Interests. MEN SELECTED TO DEAFT MONEY BILL Washington. D. C Dec. 5. Chairman Fowler of the house currency eo mm It tee today announced the following sub-com- DUttee to draft a currency bill: ' Powler. chairman: Prince. Illinois Calderhead, Kansas; t,ewls, Georgia, and muespte Teres. BISHOP RIORDAN TO BE NEXT AMERICAN . TO SECURE RED HAT (tTolted Ptfm Lad Wire.) Home, Dec. 5. The next new 'cardinal In America will be Archbishop Riordan of San Francisco, according to a state ment of a man clone to the papal sec retary of state. Merry Del Val. A new cardinal would bo unpointed In this country next month If the pope did not fear the Country' atmosphere has fairly saturated many American prelates with the doctrines of modernism. " It.! pointed" out that Cardinal Gib bon in 1S93 participated in A religious gatherings attended by other relgious bOflUR. - 4 i.-i ...... ... - Four Vill receive red hats In th old couutry December 16 and 19. ' Portland- faces another advance In the prtce of milk. vMIlk and cream are getting scarcer every day. find some milkmen are of the oilnion that there is likely to be a fam ine before the grass season opens. A local creamery has advanced the price to the milkmen, and the latter are expected to put the raise up to tho pub lic. The advance was made on very short notice, and in consequence there is much complaint from the deliverers, who say that they cannot advance their customers ror at least a montn, ana until that time will have to stand for the advance themselves. Thev claim that the profits of delivering milk are altogether too small, and In order to mane the business profitable the ad vance to consumers should be sharp. Of late there has been much competi tion. Condenserles are fighting the creameries, and the latter are doing the same ror the c&nners. This has the effect of boosting the nrice to Droducers. and the latter are happy while the war wages. ; To some extent, however, the advance in tne price of milk is Justifiable, say the milkmen, but they add that they should not be forced Into a war with other concerns, especially when it is none of their business. At this time the condenseries are paying $1,60 per 100 pounds for milk at Interior points. This means about 14 cents a gallon on the cars here. The creamery which Is mak ing the advance to milkmen Is now charging 25 cents a gallon, or 75 cents a can, an advance of 5 cents a gallon, or 15 cents a can over the former price. Tinker Is Nominated. . CLOSE HILLS BY RUSSIflH STRIKE Workmen Resent Arrest of DoumaJIembers Charged' With High Tresaon. e" (United Previ Leased Wire.) Petersburg. Dec. 5. Employes In mill In St. Petersburg and vi cinity struck today in sympathy with 53 progressives, 37 of them being mem bers of the douma, who are being tried on charges of high treason. The Cos sacks are driving the people from the streets. (tnitMl Press Leased "tr.) New York. Dec. 5. Among the nomi nations sent to the senate today was that of Fred H. Tinker, to be receiver .of public moneys at Boise. 1 IT IS TO READ ! THE OREGON SUNDAY" JOURNAL Big packing plants have located on the peninsula near St. Johns and when the work of building the vari ous departments for housing the business is completed there will be 500 men employed dressing and packing meats for the Pacific north west at the plants of Swift and Armour. In next Sunday's Journu the progress of the work la de scribed. Portland's public spirited' citixens have donated many ornamental drinking fountains to the city. Next 8und.ay Journal will have some thing about 'the fountains and a batch of pleasing Illustrations. These are only two of the good things. The Saturday special an nouncement will give a list of new features that will surprise you. Keep your eye oji The Sunday Journal. Portland's brightest and best illustrated i Sunday morning newspaper. tlon her of those suo'iosed clients, they are acting upon their own judgment o.ith, nit iinv mlvlc'e from me "As to some others I have advised them in their Interests and for no other reason not to accept bonds of the Home Telephone company In pay ment of a part of their claims. I linve reasons for giving this advice, but have refrained from statlnir them because 1 do not wish to influenre other persons who are notny clients In their action. "If It sliifll become neces.iary to de fend myself from this public criticism of mo I will state my reasons. I prefer, however, not to do so, "1 understand there are S0O depositors representing $200,000, who are wet my clients, who have not entered into the proposed plan jf reorganization. I'n der these circumstances the criticisms o me are unjust.'' Schnabcl's Action Enoouragrlnc;. Mr. Sehriiibcl is said to represent the following claims, some of which nave been assigned to him and filed by him with the 'receiver: John TlJ.ina, t7 East Everett street, $15,000; A. U. Or- sen ili;.ii7t, . .Sam Samson, Vancouver avenue :; T3- Reuben Welfzel. JS. 500; Ernest Hesse, $1,485; Jacob Dahin den. JITJ. It is hoped by the Depositors asso ciation that these men will see the in dividual advantages to themselves of the plan by which it Is proposed to se cure a distribution of the Home Tele phone rompanv's ii per cent bonds and relieve tho bank of the larger part of its deposit liabilities. They will be asked to subscribe for some of the bonds ami take a part of their claims In time certificates at deposit. As in the case of other depositors who nre signing for Home telephone bonds, they will bo asked only to sign for 7.r per cent of the amounts of their various claims. The forthcoming meeting gives ,1 re newed feeling of hone In the breasts of the discouraged workers, and an lm pettis to other depositors to come in and subscribe for bonds. With a continu ance of the present even slow rate of subscriptions, and the yielding of tho Schnahel clients to tho petitions of the 1 lepnsltors' association, the future of the reorganization plan' looks somewhat brighter today than for many weeks past. Washington, Dec. 5. "Your presi dent? How ran I understand him, when Americans cannot?" This was Ambas sador Aokl's only reply to a request for his opinion of Hoosevelt today. "My rountry bears a most kindly feel ing towards America. My recall will not have bearing on the fleet In the Pa clflc. It Is merely a coincidence, that's all. Strained relations is the cry of those who misunderstand diplomatic conditions between America and Japan." Ios Armeies, Dec. 5. "If congress will keep Its hands off, Japan will pass her own exclusion act," declares E. C. Bellows, former consul-general at Toklo, and a personal friend of the departing Japanese ambassador. Aokl. Mr. Bel lows is now in l..oa Angeles. "Japan Is proud and a a crogresslve nation." he continued, "and rather than be held up continually bv the world by having her peonle excluded from theaa shores, she will ston the Immigration from her own end of the line. Rut he. fore proceeding to cuch action she very naturally wishes to know the feeling of Amfrican people and of the Americans in regard . to the question. Hence she must consult Aokl. I sec nothing strange or necullsr In his going home, but it happens to be a time when a great deal can be made out of it." There Is probably no man In A merles more closely acquainted with Japanese j irrpirs and with the temner of he. people than General Bellows but he ab solutely scorns the Idea of war with the mikado's subjects. FEDEBAL TB00PS FOB GOLDFIELP, NEV. (United Press Leaned Win.) Washington, Dec. 5. President Roose velt Issued orders yesterday to have federal troops In readiness to aid In restoring order at Goldflold, Nevada. This action was taken upon representa tion from Governor Sparks of that state that the miners at Goldfield are In re volt and riot. The nearest federal military base la at San Francisco. Believing that the officials Of the Title Guarantee Trust company un lawfully Juggled the money on deposit In order to cover up the looting of tho trust funds the Depositors' associa tion is planning action to force the re placement of these funds. An Investigation Is now being con ducted and as soon as completed the matter will be taken Into the federal court and a demand made that the re ceiver be Instructed to replace approxi mately $64,000 transferred from one fund to the ether. Trust JTund looted. The books of the Institution shorr there were $73,000 in. cash In the vaults of the bank when It) closed its doom. , These funds were representative of the deposits of tho patrons of the bank. When the official statement was Is sued It was represented that there were but $!,000 on deposit. The bok also show that large sums were paid by the bank to John K. Shields, sec cond trust official of the bank, only tht day before the appointment of the re ceiver, Ueorgo 11. Hill. It Is apparent from this condition of affairs that the officials of tho bank had depleted the trust funds of the bank In some manner and drew from the general deposits In order ta fill up the accounts. Trust funds when given Into the care of a bank are, as the term implies, given in trust, to be held tn trust, and, not used for speculative purposes. Tht officials of an institution are person ally responsible for these funds, ami must make good any shortage in theia by the private fortunes. , force Officials to Xeplaee SConey. ' With depositors' money H Is differ ent, however, under the Oregon law as) It has stoorl in the past, and is still contended for. When bank fails tha depositors must share in the remains according to the proportionate- slxe of ', tneir deposits. The orrielals , are not liable for the repayment of the money, . It Is believed by the depositors who ' are interested In the investigation that the trust funds were replaced bjr de-' posltors' money in order to relieve th , " bank officials oi personal responsibil ity, and Incidentally to fore the de ' posltors of the Institution to stand for the loss of funds used from the truxt accou.its by the official in, their spea- ujnuonn. It will be some little time before the; Investigators will be able to check on those trust funds which are 1 said ' to have been depleted and then padded from the deposits. As soon as the. facts are definitely determined the court will be asked to force the re ceiver to replace the $-?4,000 In the-gen-eral assets of the bank. CALIFORNIA COUPLE ELOPE OX HORSES (Cnlted, Press leased Wire.) Modesto. Cal.. Dec. ii. Miss Muriel Elliott, the handsome daushter of Ar thur Elliott, ft-prnmlr.eht farmer of this place, was the heroine of an exciting elopement last night and her marriage to William Gilbert followed in spite of parental opposition and threatened gun piny. Young Gilbert called at the Elliott home riding a saddle horse. He called the girl out and before her parents realized what whs up the two were dashing away on horses. Elliott started in pursuit but the young people eluded him and were later married. END EXT -WEEK Governor Chamberlain Announces That He Will Allow; Business to Proceed as Usual After, December 1-t Unless There Is Another Scare. r RAILWAY ABOLISHES TWO DEPARTMENTS (Uulted Press Leased Wlr 1 Los Angeles, Dec. 5. Two Important departments of los Angeles Pacific Railway company are to be abolished at once. They are the engineering and the maintenance of ways departments. 64x hundred men employed In these depart mnts, including their officials highest to lowest are to be discharged. Gen eral financial stringency is given as the reason for the shutting down of the construction wrk. . - (Cnitfd Press Lesaed Wire.) Salem, Or., Dec. 6. Governor Cham berlain has Issued the following letter to all Judges in the state: "Dear sir I have just Issued a proc lamation continuing the holiday to an4 including the Hth Instant Conditions are Improving all 'over the state, and I cannot see any reason for Interfering longer than that with the business of the courts, and .the contractual rela tions of the citizen. .',..:'. "I have great confidence in the patrl- otlam of the people, and now that eondt tions . are understood by them, I am sure th creditor will be lenient with the debfor until confidence is fully re stored and the financial stringency en tirely relieved by further shipment of money from eastern banks and individ uals. -.:f.js;.'...;.-.,H "I will discontinue thes holldav after the 14th instant and will only re turn to them in cas it becomes abso. lutely necessary as a means of protect, ing tto business interest and credit of the whole -state. . 1 - ? "GEORUbJ B. CltaMBi?RL.iI.V. v V.. "Governor." ALRHONSO PROVES. THAT EVEN KINGS MAY BE SEASCX . (tJnltea Press Ltasea Wire.- . Brest. France, Dec. 6. Hardly sbla to stand ; on account of seasickness. King Alfonso of Spain receive-i deb-en. Ions of the French and Kr!:::sh t.j. Clala CU deck Of the .UrHi.-i.'i v jli iip Renr.wn In the hurl-ir t The Renown, v ' it king and ineer! t Ilncheil. ; ' for f.- ii . -,t , lO I ! It.