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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (Dec. 5, 1907)
? i ,1 1 1 r. n IIS M I I HEALTHY CONDITION I m i - .. Knmvs run mini aii()iiaisi in Finest J'ossihle SliajK' : First National Carries Twice JJeservc Inquired. United States National Cash Reserve Nearly as Great '' Credit of Loth Unassail able Country Hanks Show Splendid Strength. Statements made hy Portland nation al banks In response to a rail Bent out yesterday by the comptroller of cur rency show an amnxlngly strong con dition of these hanks. Although tin i rational bank law requires that a- re serve of IS per cent of the deposits be carried conatantly, the First Na tional has 60 per cent and the L'nltcd States National 40 per cent on hand nd due from banks. Another feature of tha statement Is that these bairns have actually Increased Uielr accom modation loans since the last state ment, inado August 22. The statement la said to be an In- jaieatton of the average strengm or ine I'acific northwest financial summon. The city and country banks are In splendid condition when It Is consid ered that many have balances held In h hv thn rule that has been en- iorcid against releasing the fund, of . V Five Portland banks that have ap proximately $35,000,000 deposits sro carrying nearly 60 per cent of that mmint of reaervea. or double tho amount of reserve required by the fed eral laws, ir this single iaci wmiui liot restore the complete confidence of the public In the banks then It Is said nothing would. Both Banks Solid. The First National s assests include 600,000 government bonds to secure Circulation, 2.1I0.0U6 In Lnlted States and ether bonds and premiums, and 170.000 In real estate and bank prem ises. Its cash on hand and due from other banks, .009.612 August Is today lt.932.04'J, a decrease of only $77,663 during the entire period of atrlngency. The bank's loans and discounts, Which August 22 were IS,05J,3:!S. ara today I8.1S0.166. The bank bus d VnHn of 112.872.210. surplus and un- I divided profits amounting to 11.123.041, paid up capital of $500,000, and 4 i 0. 700 circulation. Its assets und liabil ities each total $14,872,210. The United States National bRnk, af ter paying depositors $1,438,452 since i 'August 12, retains deposits of $5,701.- I 786, and la carrying a cash reserve equalling 40 per cent of that amount. The bank's loans and discounts which August ii were $3,683,632, are today f3.88l.9S9, and its cash on hand . and due from other banks aggregate t $2,320,019, as compared with $3,442, ,70 on August 22. 'f Vaassallabls Credit. I? The bank's report to the comptroller ahows that it has utilized $301.70) In i 'i-learlng house bills in relieving the f iocal circulation stringency. Tha i liank s assets and liabilities eacn toiai $7,428,601 as against $8,537,1 1 9 .n i August. I fact that he answered all questions with . These conditions show careful, con- such apparent honesty makes the sU ervatlve methods anJ good foresight I nation difficult, as each fears the la in! rortland banking, and give the . fection of other Jurors should he be per Vafiks an unassailable credit. The pub- i emptorily excused. llo must by this tims see tnat the . banks are sound and worthy of all the -confidence ordinarily reposed In banks. ! It is probable that not a city or state J In the country can show banking con-j-dltlons excelling those revealed by tho j Oregon statement Just elicited by the unexpected call or tne comptroller or jtha currency. PBOGBESS SHOWN IN v KINDERGARTEN CLUBS f. At the Kindergarten club's meeting TaYt the People's institute yesterday af- Jternoon great satisfaction was ex pressed at the progress made in tha movement to establish the kindergarten J as part of the public school system. , i' A letter was read from C. M. Idle . I man who has been looking up the law Ion the question, giving as his opinion ', I that the school board has power to i adopt the plan and to appropriate mon- i.v for thA ma I n t pna nr. nf tha Irlmlni. ff sjariens. jr it is the wish of the tax ; payers. a. The mothers' clubs of the various i i achools, particularly that of the Hrook ' Jyn school where a kindergarten Is A ! maintained through the efforts of Miss I Aphia L. Dimick and the Mothers' and I Teachers' club favor the. plan and . f the Woman's club has adopted resolu , $ tlons in behalf of tho movement. st Invitations were extended at vester ' J day's meeting to the various mothers' j ciuds oi ine city to sc ud each thre-! delegates to the next meeting of tho j Kindergarten club of which Miss Mary Harlow is chairman, to be held Mn,i. , day, December 16, at the institute. It Is hoped to act tbe ouestion it fsulopting the kindergarten as a part of . I annual meeting of the school board. North Powder Election. tr North Powder, Or., Dec. 5.- Tli fol 1 lowing were the names of candidates on i the Cltlsens' ticket, all of whom were f elected: M M. Gllklsnn. n r ,k..i. i Chris. Johnson, for councllmen for two years; P. L. Smith for one year; Her- man Rothchlld for treasurer I; Coffee is a strong diuretic , irritant; it interferes with di- gestion, and affects the kid i.neys in a great many cases $ . where it is not even mi. pected. II you value health and a sound body, tie wise thing "to do would be toquit coffee H and give Postum a fair trial ay, two weeks. "There's ? I a Reason." . ,;: .-. i Read v the . famous little i book,',The Roa to Well- -fto -, ,V-. THE X - DEAD HEIDS RODE MM City Engineer's Estimates Show Large Sinn for Streetcar Tickets. Just $1,600 worth of streetcar "dead head" tickets were used by the city en- glncer s department last y"ir. itocord 1 log to the estimate of expanses for tho year 1S08 furnished the assessor and by City Kn nradlcate the l.lgineer I). W. Taylor Mayor Lanes nght t dead head evil from the municipal gov ernment baa necenaltattd i st Una tea for stnetrir tickets to te Included In the general cellmates fur If," year l.nst year, of ciiurae, no appropriatlorn were made to (oer dtreelc.tr fare. All city mployes rode on iutH fiirt.lsood by tho Portland Hallway. Light A. Power company Although the quentbm ns to wblch officers of th- ciiy government were pioperl.v entitled to free transpor- tntlon over liie rnrllnis has not yet been officially derided. and although ttio mayor ha expressed the opinion that none of ihejn should ride on pusses, Mr. j Taylor hn decided that the afet thing -to do wu to Include the estimate for I tlrkets In Ills yearly statement. I l or the general fund of the city en- I glnrrs department Tor net year .vr. l ay lor bellevea that $99. 224 w ill be ii. cled. For the street repair fund a total of $100,770 Is asked for, nuking the total for the department $1!.915. This year the street repair fund re ceived, counting extra appropriations made during the rear, $94, $72 and the general fund $2.$81. a total of $1X7. a&3. Tho Increasn Is therefore $1242 out lrft year's expenditure l-'or the general fund lust year an esti mate iif $7.1.016 was made and for street repair $H3.noO. The appropriations made during the year, however, and i lie in crease In the number of employes and In salaries brought the total expendi ture up considerably. The estimates for the genersl fund for next year Include material nnd equipment for general engineering. lox, ii.xn. 1907, $4.230 6(1; salaries, 111 0.1. $62,220; IH07. IS1.RO0: street and sewer improvements; 1908, $14 60; 19o7. $13, 826; sewer repairs nnd material, 1908, $15,320; 1907. $13,024. . In the street repair fund estimates for salaries for the coming year are $52,570; for $1007. $49,292.02; material. 1'(8. $4$. 200; 1907. $45,680; bridges and elevated roadways. 1908. $4,000; 1907. $3,968; macadam, gravel, sand nnd con crete, lfios. $18,000; 1907, $15,219; gut ters, sldowulks. etc.. PJti. $7,000; 1907. $8,160.72; maintenance of bard surface pavements. 1908. $6,000; 1907, $5.296.9C; 1908. $500; 1907, $360. YOUTH PUZZLES Orator Qualifies for Jury Duty but Is Not Wanted by Either Side. (t'ni tel Preee Lesiod Wire.) rtolse. Ida.. Dec. D. With both tho prosecution and defense having cxhount ed half of their peremptory challenges, the examination of talesmen n to their qualifications to sit as Jurors In ! i the trial of George A. Pettibone for tho i murder of ex-Uovernur Steunenberg was I continued today. I Attorneys for both sides appear to be : In a quandary over J. H. Frarer, a col lege boy. who qualified last night. Fra- ! rer graduated from tho university of Idaho lust June and la now studying I law. I After graduation he went to Eugene, Oregon, to represent his college In de bate on the race problem and then went i back to his father's farm with a set of : law books to prepare himself for his i profession. Darrow and Hawley are both doubtful about the advisability of allowing a mere boy to remain on the Jury but the Charles Yarrlngton, who was caned Derore jasi iiigm a aujourmneui, wus passed by the state and defense for cause. He is a streetcar conductor, and belongs to the carmen's union, J. K. Clark was peremptorily excused by the state, and Jack Parks, a Boise saloonkeeper, was called, but failed to qualify. Alex Harvey, a contractor at Boise, was called. TO COLORADO Idaho Prosecutor WillDis miss Charges and Send, Prisoner to Telluride. (L'ulted Press Lcuwd Wire.) Wallace, Ida., Dec. 0. ProsecutlnB Attorney Hanson announced today that the charges nsnlnst Steve Adams In Shoshone county would be dismissed at the next term of court. This leaves who are reported to ,e en route here to take Adams back to Colorado to answer the charge of murdering Arthur Collins near 1 r-llurlde. Adams was twice tried for tho mur der of Fred Tyler in this county. Hoth resulted in disagreement. The last trial was at Rathdrum. There Is another charge on.iinst Adams in this county for the murder of Kd Boule. Tho war rant has never bu n nerved and It Is now announced that It never wll liie. EESIDENCESOXEAST SIDE AKE PUBCHASED The Kast I'ortland Heights residence of Emery Ellser has been sold to Mrs. Anna Kruse. The property is located in Brush's second addition, has a frontage of 65 feet and was sold for $2,850. Fred L. Olson has purchased from the Irvlngton' investment a quarter block at the. northwest corner of Itrazee and i,ast Sixteenth streets, for $2,000. . The Fidelity Trust company has sold to Albert . Eschman a 25-foot lot rn Xavier street, between Twenty-third tlon I2000ty Urth 8treets- tonsidera- Mel vina A. Peter and GertrUde Kinney KJur.Gl,la?ecl. from Jamos I- Marshall a 60-foot, lot at Rosedale. Cpper Union avenue, consideration $1 500 "i wEMtlVn;, WeUh has purchased from 1M'.Kr JJUnssworth a residence lo: at Walnut Park for J 1,000 t ' ?Ua.rier wlook at Vernon' has been sold by the Moore Invcutm.nt Edna R. Irwin for tl.oun. Mrs Emma S. Sehllckeiser has pur chased from .L. Keaeh a quarter block at Sell wood; consideration J800. It,.1 fa,r,5r,afeJ to say (hat Bryan won t choose Grandpa Hpnr. :.. I LAWYERS Will GO 4aYlf Xoi bla runnfDg mati..,. ' OREGON DAILY JOURNAL, PORTLAND. I !1J ' U-,L - - ia--ll- g szcxra ros colds. Mix half pint of good whiskey with two ounces of glycerine and add one half ounco Concentrated oil of pine. Tho bottle Is to b well shakf'n each time and used In doses if a leaspoonf ul to a tsbluapiKinf ul every four hours. The Concentrated oil of pine comes in one Half ounco vials packed securely In tin screw top cases which are Intended to pro tect It from light and tetaln all the original ozone. Pen t use bulk nil of pine or Imitations of Concentrated. They nra Insol uble nnd work havoc to the kid neys. Any druggist has the Con centrated oil Of pine. It will also be found a most excellent rem edy for lumbago and all forms of uric aeld traumatism. For this purpose It Is taken raw, n few drops on sugar at ijght and morning. Concentrated oil of pine ts the result of many years experiment ing by one of Philadelphia's fore most doctors who after endless research at InM aecured a truly soluble oil of pine, so mnko sure to get the real thing It alio makes an excellent salve to be applied extern. illy on thn chest or bruise,) putts For this pur pose a teaspoonful of the rsw oil l added to a suueerful of hot lard. KANSAS CITY BAJUMEO National Itonk of Commerce Forced to Wall by Heavy IJtin of Depositors. (United Pr Untri Wirt.) Kansas City, Mo, Dec. 6 The Na tlonni Hank of Commerce failed to open for business this morning. A statement published today In reply to Rldgeley's call shows the effect of the stringency. The National Hank of Commerce deposits last August when last called on for a statement were $35,000,000. Yesterday they were. $16. 000,000. In August the cash on bnnd was $16, 000,000. Yesterday It was $6,000,000 Ixiana and discounts declined from $16. 000,000 to $12,000,000. Resources from $39,000,000 to $24,000,000. The National Bank of Commerce was the largest bank In the Missouri valley. A notice was found on the door this mornlrg rending: "This bank is closed by tho order of the board of directors. It is in the hands of Bradley, the bank examiner, by order of the comptroller cf the cur rency." No other banks are ntfected. Presi dent W. 8. Woods will Issue a state ment later In the day. Vice-President Wlnants says the bank was murdered by talk and that there Is money In sight to pay the depositors In full. The bank paid out cash too long and allowed the reserve fund to fall below the legal point. In a few months the bank In tended to occupy Its new 16-stOry build ing. KEV. KEEVKS WILL BE CALLED TO PIEDMONT A meeting of the congregation of i Piedmont Presbyterian church was hold in the church Wednesday evening. Rev A. J. Montgomenry, pastor of the Thirl Presbyterian church, presided. K. K. Raster, on behalf of the pastoral com mittee of the Piedmont church, sub mitted the report which recommended that the congregation extend a call to the Rev. N. H. Reeves of Pevils Lake, North Pakota, who Is at present sup plying the church. The report unanimously agreed to, and a commit tee consisting of Messrs, Haxter, Vos per and Pekum was appointed to sign the call on behalf of the congregation. Messrs. Urune and Vosper were ap pointed as commissioners to prosecute the call before the Presbytery of thW city. Tho Rev. N. S. Reeves comes ti Piedmont church wll recommended, an I the prospects are bright for a largt Increase in the church membership. Boys' and Children's Clothes You can save a dollar or more in our daylight base ment salesroom. Boys' fancy Suits, Sailor wool Serges and .Cheviots, all class, double and single-breasted effects, 3 to 8 years, $2.65, $2.95 and $3.15. Boys' two-piece Suits, all-wool fabrics, heavy weight, for winter wear, single and double-breasted styles, knick erbocker or plain pants, garments that have shape and finish, ages 5 to 12 years, $3.35 to $5.00. Boys' Russian Overcoats, and fancy Reefers, large assortment of fancy fabrics and patterns in gray, crim son and tans, making neat combinations for boys from 3 to 8 years,' priced from $4.95 upward. A very useful and appropriate gift for holiday remem brance is one of our coupori orders, good either before or aft;er the holidays. Do your shopping early and avoid the .last minute ctvHx::-.:, . ,;, THURSDAY WILL PROMOTE FOREIGN TRADE Keprescntativcs of Leading Cities Assemble to Con fer With Straus. (t'oltfil Press Lessrd Wirt.) Washington. P. C. Pec. 6. At the !n vital Ion of Hecretsry Straus, of the de artmeiit of commerce and labor, rep resentatives of the chambers of com merce and boards of trade or zu oi ine leading cities of the United Stales as sembled In conference here today to dls- uss ways and means for promoting the ountry's foreign commerce. Ine meet ing today Is the first of a series or r conferences piannea oy dbcpj- tsry Htraus. The chief purpose is io establish closer relations between the commercial bodies of the country and. the d purtment of commerce and labor, bo many cities are Interested In the movement for the extension of Amer ican commerco abroad that It was found Impossible to accommodate delegates from all at one conference. Those In vited to participate In the present con- ncludcd the commercial organ izations of Chicago. Philadelphia, cm- luatt. New York. Atlanta. New Orleans Itojton. Minneapolis. Kt. Paul. Pltta- Imtir rZalvrston. Richmond. Seattle Milwaukee, Portland. Oregon, and Charleston South Carolina. The Idea of these conferences Is to crvstalixe the work of extending the t'nliw1 Htstrs' foreign commerce In manufactures, and they will be held during the winter for the effect their action Is emeeted to have on congress. Although tho work of extending foreign commerce lias been largely increasmi during ths past few years, especially since the organisation of the di-nartment of cdrnmorco and labor, and of the bu reau of manufactures, nt the same time the T nltcil States Is far behind other countries In Its study or commercial conditions, and Its efforta to push the sale of Its manufactured products, eec-r.,tu,-i- Ktri.n. m.in tell the conference of the results already achieved ly his department and will ssk the vldws of the commercial represrinawvcs un m further development or practical pians for rendering the department of greater service to the commercial interests ui the country. INDIANS TO RECEIVE F0KTY THOUSAND RENT (Speclsl Dlipstrb to Tbe Jonirsl.) Tendleton, Or.. Pec. 5. The payment of $40,000 rent money will be made Im mediately to the Vmatllla Indians. The money has been delayed on account of the monev panic, but is now on hand and will be distributed from the local banks. Merchants have large accounts against the Indians, who have delayed ayments. Thig payment win neip loco; uslness greatly. WOMEN 0E PULLMAN- FIGHTING SALOON (Special Tl pitch to Tbe Jonrotl.) Pullman. Wash.. Pec. 6. The women of this city are working hard to defeat the saloon candidates at the coming ep-cticn. Yesterday 200 children and as many women paraded the streets car rying barners. singing hymns, and giv ing yells, which weie Ted by a local pas tor. All wore ribbon badges labeled "Vote it dry." E TARGET PRACTICE Soldiers of Oregon's Na tional Guard at Eugene Announce Year's Work. (Special Dispatch to Tbe Jonrnil.) Eugene, Or., Dec. 6. Ths reports of companies A and C, Fourth regiment, O. N. O., of this city, on the year's target practice have been completed. f'i and Russian styles, fine all- trimmings used are first- SHARPSHOOTERS HAV EVENINO, DECEMBER 1 1 company A the following have quail fled as expert rifleman: Private W, W. McCornack, Corporal Raymond L. Perdew, Sorgeant James L. Furnish, Private Edward L. Rohne, Private Ed ward R. Davis, Private James A. Rus sell, Sergeant Earle A. Pryor, Private waiter w. uray. ine Sharpshooters In tha comnanr re as ioiiows: f irst Lieutenant Kav MEXICAN MUSTANG LINIMENT Good for Man or Beast WHILE using for Horses and Cattle bear in mind that it is just as valuable in vour home. That lame arm, strained muscle or bruised hand will not twinge long if Mexican Mustang Linlifient has been applied. It penetrates quickly and so relieves all pain and soreness. Our record U 60 years of races. L MILITARY ACADEMY PORTLAND ORE. A Boarding and Day School tor Young Men and Boys. Preparation for col leges, U. S. Military and Naval Academies. Ac credited to Stanford, Berkeley. Cornell. Am herst and all State Uni versities and Agricultural Colleges. Manual train ing. Business coursa The principal has had It years experience In Port land. Comfortable quar ters. Best environments. Make reservations now. For Illustrated catalog end other literature ad drss J. W. HILL, M. D.. Principal sad Proprietor. USItlESS COLLEGL "THE SCHOOL OF QUALITY" TTXFOBD BUIU)XKO. TXJTTH AITS MOBBISOW. A. P. AKMSTB0HO, X.Xb B., FBZlTCXPAXi Ours Is a largo and growing Institu tion. We occupy two floors 65x1 00 feet, and have a $20,000 equipment. Reputa tion for thorough work brings more calls for help than we can meet posi tion certain for each student wben com petent. All modern methods of book keeping taught. Chartier Is our short hand easy, rapid, legible. Students ad mitted at any time. Catalogue, business forms and penwork free. Call, phone or write today. Br-r-r-r KS5 If you need a stove, get one from us at cost. We are manufacturers, and must raise money to meet our obligations. All stoves at actual cost of manufacture $1.50 All $2.50 Values $2.50 All $4.00 Values 27 i FIRST Between' Madison and Jefferson , 8. 1007. Try them for lunch and you will have, them for dinner. yimdlsi The most nutritious staple made from wheat. 0 In moistun and dust proof paekagts. NATIONAL BISCUIT COMPANY rkond A. Babb, Private Winston H. Ma lion, Private Otto I Drain, Corporal Itobert S. Huston, Private Dean Oil key, Sergeant Oscar A. Faast. t'or poral W. W. Branstetter, Private Hen ry Bower. Private Elfin E. I'erdew. Private William O. White, Private John M. Clark, Private Alva E. Prit chett. Company Cs experts are as follows: Sergeant Walter 11 Dlllard. Sergeant Charles W. Evans, Corporal William O. Williams. There are no sharp "FOOT Is the name of one of the shapes we are showing in the Selz Royal plue Shoe The most perfect fitting Jast ever made; a special Selz last. It fits more feet right than any shoe shape we ever saw, and it's so perfect that every Selz shoe, whatever the style, is made on the general meas urements of the FOOTFORM last. We'd like to show it to you; you'll find it right. $3.50, $4.00,or $5.00 Best OAK SOLE LEATHER used in all our Shoes. CORNER SEVENTH AND WASHINGTON STREETS. "IF IT'S SHOES, IT'S ROSENTHALS." I ; : Warm This Cold Weather! $2.75 $3.25 All $5.00 Values ' All $5.50 Values STREET Open from 9 A. M. to 8 P. I shooters. This company took less In terest in target practice than did com pany A, hence Uietpoor showing. The experts amog tbe headquarters staff are as follows: Lieutenant George E. Ilouck. of Roseburg; Major Frank B. Hamlin, of Itoseburg; Major Creed C. Hammond. Colonel (ieorge 3. Yoran, Captain Waldo L. Cheshire, Sergeant-Major Clsude Gray, all of Eu gene; Lieutenant-Colonel J. M. Wil liams, of Eugene, ranks as a sharp shooter. FORM 99 Stoves at Cut Prices M. 1 f. V, l;