The Oregon daily journal., January 03, 1908, Page 2, Image 2

ioREGONTDAXL FRIDAYiilEVENINQ," JANUARY;, f 1903;
"THE
s
The Grip
-ii'Admen Guests of East Side
Business Organization at
. ; ; Bousing Good Fellowship
Vl' and Boosting" Banquet
! ; ' Bigclow New President.
1 , Nearly 100 business men with thelf
guests assembled last night at ttia
ouarters Of the East Side Bualnes
Men's cluf In ths Healy building. East
Morrison and Grand avenue. Ths oc
caalon was the annual meeting of th
business men's association. The mem
bera of tbe Portland Ad club were th
; - - v- f 9 ' j
nt 1
IL A. Calef, Retiring President East
i Side Business Men's Club.
Invited guests of the east side associa
tion.
Two orchestras furnished music be
sides the Klee club from the East Side
High school, There were juggling and
sleight of hand work by James Duff
and a 'three-round ring battle between
Professor Fred -illy and Charles Bush
of ths East Bide Athlet o eiub.
Rev. Georse B. Van Waters delivered
an optimistic address on the future of
i-orxiana ana me ease siae in particular.
He predicted that in 10 years the popu
lation or roruana wouia do tuo.uoo ana
V V' J , - , .f
I 7
C. A. BIgelow, President East Side
, . Business Men's Club.
that' the government census of 1920
would find Portland above the 500.000
mark. He said Portland's position was
predestined to make her the most pros
v perous city on the coast
Stirring addresses were made by C. N.
Black, C C. Chapman, Bury I. Dasent
and E. J. Ladd. Mr. Chapman gave
some ideas how best to advertise the
east aide. Mr. Black was enthusiastic)
and advocated a number of apeclfio
changes and advances. He urged the
east side business men to have Sandy
me late . fcrady. ot
York's Most Successful Praotl
tioners, AdvUed Oettlng "Waxiu
1 and Vsing m Catbartio at
On la Cases of qrlp.
The first thin to do In an attack of
the grip Is to get warm, and besuro
to move the bowels fieely. preferably
with Hood's Pills. Generally speaking
if these lmple directions K quickly
followed, not- more than a da or two
nefd be lost.
If the attack Is severe time will bp
saved by remaining in bed two off.
three days. Be careful to avoid a re
lapse. The grip Is invariably followed
by weakness. It lowers the health
tone and poisons the blood, hence the
remedy clearly Indicated Is Hood s
Sarsaparilla, which creates an appe
tite, aids digestion, neutralizes the
poison la the blood, which It purifies
and revitalises, thereby giving re
newed atrength and ambition. jno
other medicine will produce such
oniric and permanent results. No
other is so economical. One hundrJ
doses one dollar. It is wise to get a
bottle and begin taking now.
road changed to Rose City avenue; to
get a new Harrlman depot; to get ele
vated roadways near the river, tunnels
under the river for cars; to develop an
east side rose; to ret the clrcUHes and
part of the route for the rose festival
t. i '
WEEPING ON E BAY 'CLEARANCE-SMU RD"AY-;!
FASHIONABLE GARB FOR
LADILS
GOOD CL-OTHES
. . men ; ' ,
k 9 R
1
H. A. Calef, retiring preniclent, called
the meeting to order and the first order
of business was the election of officers
for the new year. C. A. BIgelow was
chosen Drenldent by ec-rlamatlon, Mr.
Calef refusing to have his name con
sidered for reelection. Mr. BIgelow
has been secretary of the East Side
Buuinega Men s club since Its orfranlia
tion and is one of the mo.it enthusiastic
and ardent of the club's workers.
Mr. BIgelow Is succeeded In the secre
taryship by Walter Jackson of George
IMIwoxlh A Co. W. 8. i,ove was elected
vice-Drealdent and E. E. Fulton was
chosen treasurer to succeed Dr. C. H.
Raffely. Mr. Calef who retires from
the presidency n ono of the most ca
pable of the east side business men
and bas given during the past year a
frrcat deal of his time to the different
nterests of the organization.
BANK LOOT COMPLETE
Ladies' $22.50 Suits
$8;
75
Including a number of broken lots all in one grand assortment.
(Continued from Page One.)
Since the clerks of the bank knew
nothing of their absence it is taken for
granted that Burkhart, or some one
under bis Instructions, removed the
leaves in order to hide what his per
sonal account might have shown at the
time the bank went to pieces.
Trust Company's Wasbtnb.
This name "suspense" account shows
In glaring manner the operations of .a
mushroom holding company operated
under the appropriate title of the "Gold
Hug Syndicate. This syndicate was
formed for tbe purpose of taklnf over
Sold mines which had been bonded in
irge amounts. T. T. Burkhart was
the president of the corporation, John
E. Aitchlson the secretary and J. Thor-
burn Ross represented the bank In its
operations with tbe syndicate and took
over the deeds of trust
In the deal this syndicate needed
money and twice secured it to the tune
of 120,000 at one time and 146,000 at
another. The money needed was tauen
ut of the "suspense" account Jackoot
and given to the syndicate.
The suspense account might e
called the financial washtub of the
Title Guarantee & Trust company's in
ner circle. into it was dumped ail
manner of large items wnlch were af
terwards taken out to suit the purpose
and convenience of the officials who
needed money for their deals.
rap Tunes overdrawn.
Apparently the account was balanced
once a year by some hook or crook of
enhanced values and other financial
ways of a frensled character. On June
last it waa brought to a balance at the
end of the fiscal year, but when the
bank went on tbe rocks It' showed a
deficit of some 120,000, showing thnt
the demands of the inner circle had run
ahead of the facilities for sweetening
the pot that had existed for tbe past
few months Immediately prior.
Perhaps no discovery that has yet
been made by the investigators has
thrown more light on the devious paths
of the officials than those which have
come to light through the unearthing of
the "suspense" account.
The work or the investigators has
practically been completed and within
snort time, perhaps by tne end of the
resent week or the middle of the next.
the work will have been closed and the
mass of evidence shown by It complied
ready for the district attorney's office
In its prosecution of the officials who
wrecked the bank.
Ladies' $27,501 Suits .
i
Mixed suitings and plain rich cloths j smart jacket styles.
$13.85
Ladies' $25.00 Suits ....... $11.95
Taken from certain special lines a valuable choosing.
ANY SKIRT IN THE HOUSE AT REDUCTION.
The Clearance of a Month. Condensed for the Selling of a Day Bargains That Strike Home and Convince!
Any Ladies' Lvening Waist (Opera Shades) Saturday V2
Pick Out the $17.50 Suit for $8.65
And these are the equal and even better than $20 suits in the exclusive cloth
ing stores. Fancy worsteds, cheviots, etc., built into suits of single and double
If breasted style; shapely, stylish, durable,
MEN!-
READ Of THESE
VALUES
TOR SATURDAY and
SATURDAY NIGHT
SATURDAY
$M5
BUY THE, CRAVE,NE,TTE, OR THE TOPCOAT TOR $9.85
Or pay the other store $20.00 for the seme coat
Rains may come and rains may stay for the man with a Cravenette. It's a pleasure that enables a
man to defy the elements. The Topcoat for correct early spring wear. Select from this complete new stock.
The aggregate membfirshlp of the
Brotherhood of Railway Carmen la now
80,181, distributed among 455 local
branches. The organisation ha nearly
130,000 cash In Its treasury.
- , , , , ii,,.ri
Long, Heavy Overcoats, Saturday $8.85
Drive far on a rainy day where the wind is playing havoc but first prepare yourself, here and now, at a
saving of half. Excellent coats of warmth and service.
BOYS' LONG OVERCOATS, ages to 16
Saturday
BOYS' $3.00 and $3.50 SUITS
Saturday
$7.85
$2.15
MEN'S HEAVY UNDERWEAR, all 75c
garments Saturday .
MEN'S DRESS SHIRTS, all 75c values-Saturday
Open Saturday Lvening Until 10 o'Clock
1 i
40c
40c
TP
O
R
FIRST
ON YAMHILL
ON
SLCQND
ILARKEf
GETS BOOKS
(Continued from Page One.)
IF YOU travel in the company of Selz Royal Blue
"shoes you'll travel far and have fqot comfort
all the way. They're made to last, and look
good, all the time; there are no better shoes made.
We ask $3.50, $4 and $5 for thera;,and every
v man who buys one: pair buys more of them.
V .They; fit and we guarantee your satisfaction.
; Besl cak tale leather ase4 on til oar shoes
' COR. SEVENTH; AND WASHINGTON STS,
- (Formerly H9 Third St) r, v
According to Attorney Dan Malarkey
the Lyons boys realized this winter that
the Newhalle were making an effort to
oust them from the bank. At the time
they had taken stock in it each sub
scribed to $6,000 worth of the stock,
giving the bank five notes of $1,000
each, payable one at the end of each
vear until 1911. when all would be
raid up. They have each, according to
ilr. Malarkey paid the first notes of
J1.000 each and have paid J600 apiece
as interest on the other notes. They
offered to withdraw from the bank If
Mr. Newhall would pay them what they
considered a fair amount for their in
terest In the bank. They claim that he
offered to repay them 1 000 each, but
would return them no Interest paid on
the other notes.
When they met for their meeting yes
terday morning Mr. Newhall- Informed
them that they would have to leave the
bank and discharged them from his ser
vice. Attorneys Oeorge Btapleton and
Dan Malarkey for the two factions tried
to smooth matters over but neither side
was .willing to recede from the position
laKen.
Meeting Xa Adjourned.
At last Mr. Newhall announced that
he adjourned the directors meetlntc.
which was a special one and where
therefore the majority of directors had
the power, Bnd Instead called a meeting
01 eiocunoiuers. wnicn wouia give mm
the power. Inasmuch as he could vote
$15,000 out of the $25,000 of capital
stock. But the LVons refused to attend
the meeting, so Mr. Newhall. and Mr.
Stapleton held one In one room and Mr.
Malarkey and the two Lyons held
another in another room.
At the close of the meetings In whieh
the Lyons faction declared that the
$i),000 surplus be divided among the
stockholders Newhall entered the room
atxd attempted to take the record book
out of Mr. Malarkey's hands.
'."Oh, so that's your same, Is U?1' said
the lawyer, and snatching the -book away
from Mr. Newhall, struck him with it
and made bis escape fron the building.
Immediately Roger Newhall, the son
for whom Mr. Newhall Is said to have
been trying to maice a place In the
bank, gave chase, with the elder New
hall following as axlose third.
HaUrkey ProYes raat on Teet.
Down the back steps they ran, while
Malarkey, with a lead of about 10 yards,
made a magnificent run down Alder
street, turning over to Morrison ana
heading straight as an arrow for the
Morrison bridge, with the younger Nfew
hall In hot pursuit, while the bank presi
dent, who had lost his wind before he
had covered a block, stood on the corner
ond shouted orders to Malarkey to re
turn with the book.
The lawyer dodged all Interference,
however, and with the calfskin- tucked
safely under his arm reached the bridge
and scored his touchdown, while Roger
Newhall returned to the bank.
When his father learned that the
efforts to stop the star of the Lyons
faction had been unavailing, be returned
to the directors' meeting.
"I discharge you and order you out
of my bank,'' he said.
"We are a majority of the directors
of this bank. It is1 ours, not yours,"
said the Lyons boys, and they held the
fort until they Judged that Mr. Ma
larkey had escaped safely with the
records. Then they left the bank,
round Action XUegaL,
This morning an adjourned ' meeting
of the directors was held at the bank
at which both parties were present, al
though only the Lyons voted. They
revoked the 15.000 dividend of vestar-
day. ns it had been found that It was
niegai, exceeding the amount of un
divided profits that can legally be dl-
viaea. a dividend oi I4,sz& was then
declared.
Both of the Lyons declare that they
are still officers and directors of the
oanK inasmucil as Mr. Newhall aoting
alone had no authority to discharge
iuem.
"We expect that at the annual meet
ing tomorrow H. H. Newhall will appoint
his wife, Louise Newhall and his son,
Roger Newhall, as directors of the
bank," said Mr. Malarkey, "and that
they will then outvote us as they have
a right to do. But we have declared
a dividend, which is all we. wanted."
According to Attorney Stapleton, rep
resenting the Newhalls, there have been
differences of opinion between Mr. New
hall and his directors ever since the
fanlc. The Lyons wished to close up
he institution during the holidays and
Mr. Newhall who has always taken a
great deal of pride In his bank, did not
want to do this. Then, too he says
that it ia Inadvisable at this time to
force the payment of a dividend when
one was declared six months ago and
when money m as bard to procure as it
is at present " . .
Mr. Malarkey says that his clients
are willing to defer th payment of th
dividend for a year and take Mr. New
hall's note for the amount but they
must insist on a recognition or tne
act of the directorate In declaring such
dividend.
There Is no question as to the finan
cial standing or tne DanK, as . aitnougn
not a large Institution, it is regarded
as being one of the soundest In the
state. The disagreement which has
arisen between the directors can have
no effect on the stability of the insti
tution and merely hinges on the position
the Lyons will occupy in the future. J.
A. Lyons was at work in the institution
today but his brother left at the close
lay
of the director's meeting.
PRESIDENT DAY
(Continued
-r
from Page One.)
Telephone company that Is now extend
lng its lines Is tied up in this bank, and
is retarding extensions and improve
ments needed. As we represent the tele
phone company, we are naturally as
deeply interested as any depositor in
seeing a solution of the present situa
tion. It will be a positive sacrifice by
myself and the German-American bank
to take over the Oregon Trust & Sav
ings bank and pay all Its creditors and
depositors, but any reorganisation of
the bank Is Impossible without our co
operation, and we ar willing to do
anything within reason to straighten out
tne tangie."
Day applied this morning to District
Attorney John Manning for a warrant
ror tne arrest or w. H. Moore, on a
charge of criminal libel. Up to noon
no warrant had been issued.
POKTLAD MEN WHO,
GET jSTATE CONTRACTS
(BdccIiI Dlroatch to Th Jonrnull
i Salem, Or., Jan. 8. Successful Portland
Didders on the supplies for state insti
tutions were the Portland Syrup com
pany on -trio lasses, 3iastic & uo. on
leather ana nnaings, ana Mason, Ehr
man As Co., and Lang & Co, for groceries.
CASTOR I A
Por Infanta and Children. .
Th8 Kind Yon Haw Always Bought
Bears the
Signature of
mm found
GUILTY OF LIBEL
. .. ,
German Editor Sentenced to
Four Months in Prison
for Making Expose.
(raited Press Leased Wire.)
Berlin, Jan. 8 Editor Harden, whose
printed charges against the Knights of
the Round Table created a profound
sensation In the German empire prin
cipally because Count Von Moltke was
accused of indulging In immoralities,
was today found guilty on a charge of
libel and sentenced to four months lm
orlsonment.
in tne nrst nearin in wnicn Harden
was called upon by tbe kaiser to prove
his charges the proceedings were
brought to an abrupt end by the pre
siding juage, who aeciarea mat tne evi
dence was of such a startling nature
that more of it would Injure Germany's
social condition.
Harden received many congratulations
upon tne. courage he displayed in dar
lng to attack the officials who are so
close to the kaiser. As the attack was
directed almost exclusively toward Von
Moltke, the latter immediately filed suit
for libel, declaring that he wanted to
be vindicated. Th verdict returned
today is the result "of this trial.
Dance Hall Barns.
(Special DUptch'' to Th Ion rail.)
Freewater, Or., Jan. 3. The dance
hall at Meader Park, the summer resort
on the interurban line between here and
Walla Walla, was burned to tbe ground
yesterday with a loss of about $2,200,
partially covered by insurance. Whether
or not it was incendiary is not known
at present, but the owner. Link Mndr.
ia making investigations. Tbe structure
Will bs rebuilt n
MEXICAN
MUSTANG
LINIMENT
Good for Man or Beast
WHILE using for Horses
and Cattle bear in mind
that it is just as valuable
in your home.
That lame arm, strained
muscle or bruised hand will
not twinge long if Mexican
Mustang Liniment has
been applied. It penetrates
quickly and so relieves all pain
and soreness.
Our record it 60 rears of ucett. ,
Mil HEADACHE
PositiTeirw y
these JLUtle Pills.
They alao tellers Dkv
tress from Dyspepsia, In
dlgesUon and Too Hearty .
Eating. A perfect two-)
edyfor Business, Hanses,
Drowsiness. Bo4 Taste
la tbo MooQi, Coated
Tosgne, Pain In tlw 81do:
TORPID UYEB. Thro
regulate tbo Bowels. Purely Vegetable. 7
SUlUPiLL SKILL DOSE. SmFffiCE.'
CARTER'S
f?IWR
lWWeivm.HMMSlssrfJ
Masonic Officers. ,
floeeial niipateb to Tbt Joornd.)
Wallowa. Or..' Jafc. !. -Th nttirarm nf
the Masonfo ordef lof the ensuing 'term
are as follows: f I A. Hunter, W. M.j
Bod MeRae. S. WW. A. Holm j. w
JOha McDonald, treasurer: Edgar 'Mar
vin, secretary ; Edward Marvin, S. V.'
O. , W. Gregg, J. p.; James1 Brltton, ty-
carters!
ler:H
I
Genuine Must Bear
Fao-Similo Signature -
refuse substitutes;
McDonald, S. 8.; T.
E. Mitchell,
Wiidom'i Violet
sad beautify.
Cream ssd Powder protect
51
' 1