THE OREGON SUNDAY JOURNAU PORTLAND, SUNDAY 1 MORNING, JANUARY 23,-1003. II -US- DEVLIN COMPLETES HIS REP0RT0N OREGON TRUST EccciTerill .Submit Statement' to .Circuit Court To ; 'morrows-Outlook Bright for Consolidation With-, f v ;v ' ; German-American and : Payment in' Full.' - A report- showing the transactions of ' : ' Receiver T. C Devlin ; to date, ' and. statement of condition of the Oregon t Trust! A Savings bank, was completed by the receiver laat night and will be : submitted, tomorrow, to Judge ,Gaten bein of the stae circuit court. Should the court approve the report ' " and aocept a proposition ttf be aub " tnltted by the German-American' oank to purchase the aaaeta and pay In full all liabilities of the defunct bank Within , ; two years,' Portland will before Feb rruary 1 nave another strong bank with a , paid-up capital , of $400,000 - opened ' for business In the old quarters of the s Oregon Trust St. Saving, bank.; ' . , Guarantee te Peposltors. '"'' 'i This result will. If accomplished, be , l a ' natural sequence of the long and euoceaeful campaign that has been waited by the depositors and Interested i creditors to relieve the bank of enough . Of Its burden of liabilities to enable It , to get upon lte feet, or to be liquidated by solvent Institution, and pay dollar i for dollar. - v . in me case or tne uregon Trust Savings bank, the deliverer comes for ward In the shape of the German-Amer- -.. lean bank, which offers to take over its remaining eta. assume all lte f liabilities, ana furnish a guarantee of ; Bunsianuiuiy ttiojuvu mat au creditors will be paid in full within two years.' An examination of ttie Oregon Trust , ana savings -nana nas oeen- completed on behalf of the German-American J- bank by Charles B. Pfahler, a - well i known expert accountant, who has also made up from Me findings complete 1 , icnNuiei.uiai are amooaied in tne re ceiver's report These schedule Include - every asset and- liability of the bank, the estimated value of the assets, in cluding all loans and dlsoounta. stocks I and bonds and other property held by . HI UBI1H. : The estimated .value of the assets Is i baaed on the amount of money that could be realised from them in the regu alar course of banking by a going insti tution, and not the amount they would Dim at roroea sue., in making ' up the total of the bank's commercial paper . ' .v.. i'U,7f ;:.. former Oregon Trust 'Jk Saving bank. Mr. Pfahler saldr r V!'-"Wt '' - "The Idea of taking 'over; the asset of the Oregon Truatrby the German American for the use of the latter haa ntvir bn thoueht. of. On 'the OOn trary.' the present cash balance-In the hands of the receiver or the Oregon Trust., aa well as all collections of moneys on the assets of; the i Oregon Trust, .will h conserved absolutely in the interests of the depositors of the Oregon Trust, and will be used for liqui dating purposes oniy.- , - Gives Composite Statement' . Tha 1 rnmnmltt statement ' of the German-American bank and .of the JOre-. ron .Trust . Havings oana in liquids ton. la here alven as compiled by Mr rranier: m,' rtminn Tmat'' A lirlRtl'. i' " bank liabilities,. . ... ,z.jom at.it Telephone ..bond subscrip tions Other bond . subscriptions .1 78S.I00.00 17,200.00 I 100,800.00 IM97.t6S.lC and negotiable-notes, had and doubtful notes have been eliminated from the uau The Beport TTp to Sate. receiver's statement Is made from date of January 15, 1908. At the close of business on that date the condl tion of the Oregon Truet and Savings oanK was as xouows : RESOLHCE3. loans and discounts $ 128,874.86 interest on loans to Jan. i. 1(08 Bonds Accrued interest on bonds Bank stocks Other stocks lT.482.lt 1,106, eoo.xo li.soi.ze 28,890.00 101.008.: 122,660.00 . teai estate.. .. i... . . . . Miscellaneous assets,..,.... " Due from other, banks In- ' ' cludlnS receiver's deDoaita In First National 225.E15.71 Overdrafts 84,160.17 Barely deposit vaults, bank - leaae, ete. 10,000.00 ; tasn in nanas or receiver.. . 7.ss Excess of liabilities over resources 71,860.27 . .... UABILITIK3. ' Deposits, commercial . , , , DeB(irtft, pavings. . ..,;.. (jerTirttats,cmana.v...t - Certificates,: demand,' 3 per - cent after SO days. . . . .". .Certificate, .time, .regular,., jCertifJcafcea, tne,. JO days')' .; call .v. .! f aahier's checks outstand ing .................... . Miscellaneous ' liabilities. .-. . ' Certificates of deposit In esorow .................. Due to other banks. Drafts on other .banks out standing ...... ...... Certified checks outstand- ing i a. Letters of credit outstand- ing .j . , ....... ; Escrow deposits...,. 1 Sundry 'collections account.' 2,208,66.16 .,8 468,644.81 864, 443.87 88,768.88 400,662.96 7212,502.82 7,446.84 42,682.21 8.010.00 182.889.62 15,644.64 4,285.00 ' 1.088.12 200.00 '1,782.68 ,i , . 82.208,465.15 Keep Funds Separate. German-American bank '.capital stock . Amount paid In ..,,.,. Murpius ........ Subscribed . . , , k . , 25 per cent premium......! 8 111.700.00 10,062.40 288.800.00 72,075.00- I 482,180.40 German American liability bank. f 825.816.75 211.854.68 81.181,671.48 Oregon ' Trust Savings bank assets 12,185.694.88 Bond subscriptions 800,600.00 - . 21.836.094.88 German - American assets. . 265,854.68 81.690,949.6 .guarantee 6 409.278.18 ExDlainrnr thsae flnru Mr Trhi said the. foreaolnastatmnt mmniM from figures shown on statements of the two banks, with the ; single, excep tion of the subscriptions to the capital stock of the German-Amort hanir shows the abaolute guarantee to the creditors of the Oregon Trust as Sav ings bank to be 8409.278.13; or, if the two banks were -to consolidate ht i If the German-American were to take AVr fliA mmmmtm VmI.i.Ih J - . all liabilities, the condition of the German-American bank would be aa follows: . ..: . .ASSETS. ' Ore. Trust A Savings bank 81,119,938.11 German-American bank . ... . 207.9Sfi.B0 Cash ., 268.0665' , Total , 1 LIABILITIES. Capital stock. Surplus Miscellaneous liabilities.. SIX STRENUOUS DAYS COMING HI Wind-Up o theClearanpn ; of East Side Phonograph Co.'n , Balance of Modem Talking - Ma- V chines and High-Grade Record , Cabinets to ; Be Closed ;. Out H Without Regard to Usual SeU : ing Prices-$23 Machines for SlLCS'Md Higher-Priced Ones in Proportion--.Finet, $122-- De Luxe Complete Outfits Cut to $78-Cash or j Easy Terms. Talking : Machine have never been .81,590,949.66 .2 400.000.00 9,278.13 , 1,181,671.43 eai to xaae oyer uregon i rum Savings and liquidate, its affairs under the.dlrectlon of the receiver, will in- elude a statement to the court Showing . the condition of the German-American, and also a composite statement to show what condition the combined banks 'would be in the day after the absorp tion takes place. " It is not proposed that the German American shall assimilate the assets of , the Oregon Trust, but simply that these assets shall be administered through the flerman-Amerlcn, and that all i K. k.nt k.nimt. anil nail Wlllllv for payment of the creditors of the ' ToUl ...21,690,949.66 LTt Zzoess Assets. These statements look rood to me. and I believe the proposed plan of ab- Dtion and liauldation la perfectly feasible," Ua Pfahler. said. "The only doubt I had at any time was as to , t. a ,At,l, aHnw , H entlra llablLltlea nf the.. Oreaon . Trust & Savings bank could be absorbed by the GermahAmer4can without impair ment of the tatter's capital. "I rind that this can be done, on tne proposed plan, the -German-American, By putting in au Its aesets, will be able; to more than balanfe the Oregon Trust's net liabilities, ana leave excess assets or 19,278.13, ana in addition nave uer man-American'a 8400.000 capital intact The accountant s method or reaching this result was to add tne uerman- Amerlcan s present surplus of $10,063.40 to Its Z per cent premium suoscriDea capital of 872,075, getting a -total of 282.138.40. From this, amount he de ducted the net. deficit found between the Oregon Trust's assets and liabili ties, and this left an asset excess of 2.272.18 over and above the German American's subscribed capital of $400,- 000. r 2ubUo Has ' Wrong Idea. "There may have been some popular misconception ot ins pian oi capital ising the enlarged ' German-American bank," said Samuel O. Reed, who has been slated for nresldent of the In siltutlon. ' The men who subscribe for this stock are paying not only dol lar for dollar at par, but are paying in addition a premium or zo per cent. "In other words, every $100 of the stock calls for an Investment of 2125 The premium of 26 per cent Is put up In the form of a surplus for the further strengthening of the bank. It makes the atoek worth that much more. There is not a dollar of water to be put Into tne .enlarged uerman-American panic. - It. J. Wi Jiold at such ridiculous price In Port end before as have been in effect dur ing the' oast, tNk at ,' Ellara". Piano House, and as will be continued for a lew days more, during the final cleanup of the East Side Phonograph company's stock. But . we were determined that these goods should be sold In a very short space, of time, and the radical cuts which we made in prices have certainly accomplished our object. When we of fer a regular - 826 high 'grade modern talking machine for $11.65, that's going some, and 325 machines for 116.76. with $60 machines out to 827.10. and beauti ful $66 machines at $26.16 just think OX it! Kr wnniinr til fallrfnar marhina market has been upset during the past week. ' But It won't last much lonxer Just about five or six days more, will aee the last of this stock. Remember, every machine In this stock Is Included In the radical 'price reductions, except certain contract goods. ' Record cablneta are also embraced in thla sensational smashing of selling cost, and are likewise prloed at figures which are really less than wholesale. Regular 215 cabinets.: well made, handsome and first class, are now marked $8.10; $26 cabinets go for $13.60; $30 cabinets for $16.66, and higher priced cabinets . on the same basis. ' - , Included In , the ' offerines for the next few days la a combination outfit which is without question the finest proposition you have ever heard of in the talklnr machine line, and the great est value in a high grade outfit ever offered on the Paclfio coast This con sists of the splendid De Luxe cabinet with hiah grade taoertna arm machine. and one doxen 10-lnch records, all com plete, regular yalue $122, for the extra ordinary price of $78, cash or eaey terms, as you prefer. This Is an outfit which will be a credit to anv home. and as handsome an article In the way of a cabinet as one could wish for. It needs to be seen to be fully appreci ated. Do not overlook our Immense stock of records remember we carry the largest line on the coast, and our individual sound-proof parlora are the most con venient in the citv. Don't miss this great sale, It will never be duplicated. Don't wait until the last minute come .while the line of styles is still-complete, Ellers Piano House, 268 Washington street corner of Park, Talking Machine Headquarters. German-American, who relinquishes his I position and practically proposes to turn over everything to the reorganised -bank and retire from any connection whatever, explained that ha adopted this course In a measure from selfish mo tives and also from a desire to see I every creditor or the old Oregon Trust paid dollar for dollar. He and the Home Telephone com pany, 'with which he was - associated, have approximately 3460,000 at stake in the- stspended bank, and they are willln toi stand back of the reorran- ization until everybody else Is paid 1 before they demand payment of their Claims. - In the meantime, assessments are be ing levied against the stocks ' of the underwriting company known as the National Securities company, to realise money witn wntcn to carry rorward the installation and extensions of these plants. While tneir Donds, wnicn are their only capital, are held up as the result of the suspension of the Oregon rrusi ana savings ; nana. PREPARE NEW DISPLAY OF OREGON PRODUCT Chamber of Commerce Will Arrange Creditable Ex hibit for Visitors. GORY BATTLE FOUGHT BY HUMAN BOOSTERS U ,y. Rooster fashion, using the spurs, witn which they: climb telephone poles, two I j-linemen zougnt in rorutna several uays ,-ago until separated by tne people wno V congregated to witness the . unusual ight Hands or fists war not used lit r way. SM-.nX--h'--' ... ( 111, IWU.JU.il, . wjwiun ,.. wtw.i I'mlffn soma . time. , -.They -met in South Portland, while both were on duty, and Immediately resumed the quarrel which been brewlna for months. Follow In sr. one man kicked, or rather spurred, the other, and then the fight was on. h-' One would jump In the air and claw his opponent The other would dodge and avoid the blow if possible, ano, now And then tneir spurs wouja Become en 'tangled just as In the case where roos ters fight. , ' -1 ' ... t The climbing irons with the long 'spurs which 'are usually brought; Into " play only when the linemen climb poles ..when at work, were strapped aecurely to the legs of the two fighters, and an swered the purpose in every particular. When finally the men were separated each was bleeding and his clothes torn from head to foot,, Exhausted, but still 'game, ' like reatnerea comomnn, tne The Importance of building up and maintaining an aahlblt of Oregon prod ucts at the Portland Chamber of Com merce exhibit room has never before so tide, now president of the strongly, Impressed Itself upon the members or the chamber as at the pres ent time, in view of the Immense total of eastern visitors who called during the year just, closed, to Inspect the old exhibit Measures will be Immediately taken to prepare a new exhibit that will be a credit to the Oregon country. Secretary U. C. Glltner has completed a plan that will - be proposed to the chamber trustees at their next meeting, and if aproved it will be taken up and carried forward by the exhibit commit tee. The central idea is the erection or an .adequate - structure In the exhibit room to carv. the srreat diSDlav that is contemplated, and to show It to the best advantage. - "Such an exhibit as ' we require should be Disced before the eve of the visitor, in a manner that will make the best Impression.'' said Mr. Glltner. "It costs a lot of money and labor to col lect and maintain a great exhibit But there Is no argument that does quicker work and doea it to a finish In convinc ing the easterner that Oregon is the iana or opportunity. PURE . DRUGS 1 1 SICK-ROOM SUPPLIES Fail to See The two large win dow . displays . on . the Washington St. ;i side of store of thf finest and highest .quality of Cut Glass at the lowest prices. nual Event That is looked for- . ward to by a great 3 many Portland peo J pie with great jeatyj pectati ons 7 and t they will not be dis- appointed. ; . " .This sale without a doubt will exceed anything in this j line ever before attempted at this store; Many-hand-' some piepes of Cut Glass carried exclusively by this s low prices. Three com-'6 plete 'lines of the handsomest cut glass that is.nwde'Twb large window displays. Goods displayed and i.a :L r: tu: u r 1 liUcvcvr in yiam iiguics su aa .iu uiciivc yuui ociccuuiia .caajr. xms wu vti wuiiy uc tne event 01 xnc scason in, cut glass and one to be remembered. 1 6j4-inch Atlanta Vase; regular $2.75 . .$1.89 5- inch Nappies ; regular $2.75 '. . . $1.89 ,'5-inch Nappies; regular $2.?0. $1.54 6- inch Nappies ; regular $3.00..'. . ............ .$2.13 5-inch Nappies (handles); rejgular $2.00. . . . . .$1.38 Celery Boats, beautiful designs; regular $20. . $13.98 Tankards, Empire cut; regular. $11.50. $8.05 . Bon Bon Dishes, heart shape; regular $2.25. . . .$1.58 Oval Bowl; regular $9.90..'. $6.93 Oval Bowl, Taylor cut; regular $20.90 $14.63 Celery Tray; regular $4.40..., '.....$3.08 Celery Tray; regular $4.90.... $3.43 6-inch Nappies; regular $2.75..... $1.89 6-inch Nappies ; regular $3.30 .$2.31 6-inch Nappies; regular $2.45 $1.73 3-handle Nappies; regular $4.40 $3.08 6-inch Bon Bon Dish, with handles; reg. $2.75. ,$1.89 2-handle Dishes; regular $5.00 $3.49 6-inch handle Bon Bon; regular $3.80. ........ .$2.56 6-inch handle Bon Bon; regular $4.40 $3.08 frinch Plates; regular $4.50.. v ...$3.13 6-inch Plates; regular $5.25 .$3.67 5-inch Bon Bon; regular $3.40.. $2.33 5-inch Bon Bon; regular $2.75 $1.89 5-inch Bon Bon, 2 handles; regular $3.30.'. $2.31 Sugar and Creamer, per pair, regular $7.70 $5.39 Sugar and Creamer, per pair, regular $6.00. 6- inch Cut Glass Bowl; regular $6.50 '8-inch Taylor cut Bowl; regular, $6.35. . . . 8:inch 'Taylor-cut Bowl; regular $7.70.... 8-inch Empire cut Bowl; regular $12.50. . . 8-inch-Fancy" cut Bowl; regular $15.50 8-inch Fancy cut. Bowl; regular $4.40. . ... 8-inch Taylor cut Bowl; regular $5.00.... 7- inch Plates; regular $4.00. Spoon Trays; regular $3.85. Spoon Trays; regular $3.65 Spoon Trays; regular $3.00 Celery Trays; regular $6.60 Compotes; regular $6.25. Compotes; reg. $6.60. .$4.62 Compotes; reg. $7.70.. $5.39 Compotes; reg. $2.75 .$1.89 Compotes; reg. $3.60.. $2.58 Vases; reg. $4.40 .... .$3.08 Water Jugs; regular $6.60 ............. $4.62 Water Jugs; regular $7.50 $5.29 Water Jugs ; regular $12.25 . .$8.73 V 1 .... $4.23 .... $4.62 ....$4.41 $5.39 .... $8.73 i; ...$10.87 $3.08 - ....$3.49 V . $2.81 '.; .... $2.62. ; .... $2.54 , '' . . . ;$2.13 v . . . . $4.62 v. . .$4.37,' SPECIAL SAIE OF PASSEPARTOUTS All new and latest novelties. Sell regularly for 15c. Your choice, 10c. ODR PICTURE FRAMING DEPARTMENT Is offering a special discount of 15 per cent from our. already low prices on Picture framing Telephones to All Departments Exchange 11. Home Phones A6171, A6172" J The yeasans WHY I .1 "Nothing should be lost by having a good exhibit poorly placed and lnartls- ticaiiy arranged. We want the best ar- two were taken to . their rMiiv. The rooster fiaht by linemen ha4 in a success. RECORDS GETTING NAMES ON BOOKS n I- U Voters registered during first three v Voters -registered during first tnree weeks, 1906. 2.868. County Clerk Fields and fata regUtra 41on force were surprised last evening when they footed up the totals for the three Weeks since tin rolls were opened and compared -therrj-.' with the -corresponding three , weeks -of two years ago. They found that nearly, twice aa many names have been placed on, the books this year in the same length of time. ' Friday's record, the. hlaheat up to that lime, was completely distanced.. an even 600 names being added to the roll dur ing tio day., Publicity and fair weatner rangement that can be bad at moderate cost I would like to .have the services of an architect In devising the plan of the necessary structure for the display. When all is ready it would then be time to make some reasonable arrangement witn acn courier wnereny it could se-1 cure representation in the exhibit. a.nd i permanently maintain that exhibit" - I When visitors and homeseekers come : to me cnamoer 10 seen inrormatlon tney ask for facts concerning the nroducta and resources of the various sections of tne state xneir inquiries usually- ars directed toward counties thVt produce tne tnuias inoT Know sometninr ahnnt raising. An exhibit of the actual prod ucts convinces -them In a few moments mat tney nave come to tne right place for information, and that the county producing that exhibit la the place for mem o seme. ' - i - , t .' Great Sale of Remnants at McAllen & McDonnell's. Remnants of dress roods, silks, fahi. laat days of th Mk hi J! it, linens, crashes, curtain materials, drao- average to - , - ral",d eries, wash goods. oddu pairs ourtalns. - Democrats are becomloff nrnrm patterns, odd lots of hosiery, corsets, ately. morV'nuerJMmV 4?S Republicans led 11:77...... . . ' , V. ter IVnm b w n , vii swiv ne UUDI SXIIU JvBB. we are. busy ARE' many First WI do honest work ALWAYS . .a which will keep any concern BUSY Then our goods are really new, not old stuff warmed over, it pays you 10 hate your eyes tested and glasses fitted by our optometrist (a man of years experience ana one'that knows how.) Dr. Diemel's Unen-isb Abdominal Supporter The most satisfactory supporter on the market at the price Light, cool, can be washed, agreeable to the skin. It is woven in a way that it cannot unravel. Its wearing quali ties are superior to muslin, flannel, silk or similar fabrics. Sold in all sizes at our Surgical Department. Price $2.25 Seal Boheiian Glass ases Colorings of rich green, lined around top, center and base ; with gold. Patterns, a variety in Fleur de Lis and Ferns. Many are te optic-blown effects. Two lots oh sale Monday ; Value to $1.75, each Values to 75c, each 50c 25c Turkish Towel Sale afthe Rub- ber Counter We make a specialty of all kinds of . high- grade Bath J. owe Is; Nothing here ;only the finest; large-sizes and superb qualities. If you want !a Wood Towel now is the oppor- luniiy. -.;-r.- w; Large - size,1, bleached; reg. 60c 35c Unbleached, re?, value ooc, special 53e Extra value I dark : col or;? rej75c7;.;' ..42c Re'laluet$i.50 dark coior ) j . . , , ; .gee . special, reenlar ! $i:60a;i;?.83c. liatge size.resrukr v ' , -.-if - 3.i - , - ...a .v-.' ' P yy 'i1 i:'iVi .83c ') special, regular; $2.50 .v .....$1.89 , s , - 'v v..- hava worked wonders within the last few flayar- for heretofore this season an average of 300 per day was considered uuiuuir aua. ine rusn aurina the f.h,l-'0-mtlme.tJ1..feePUDllcais led all uAAhl5prep?nderanca ha oeen ham mered -down, to about SH to 1. The fiaures at the close . yesterday were as crats, l,0S0:vlndeiendenta mnt Of minor nartloa stti n.7v. .":!'! mik tha necessarv who registered yesterday 876 described the elct,0n- Of delegates suaalona of iToIitWi i".Vvvur .Wl Don't neglect this great money savins, chance. Corner Third and Morrison. The Democratio state central com mittee of Oregon meets this week to make-., the necessary arrangements for to the Den i MeUger, jtwelar, opUclaa, U Waah. WOODARD, CLARKE & C0.1 Pure Drugs aMlCliciicals SNOWBALLS PUT OUT FIRE AfID SAVE TOWN Whole Population of Village : Pelts the Burning Buildings. Johnstown, Pa.. Jan. 14. Probably the most remarkable manner of extin guishing fire occurred today at Boswell, a mining town near nere, waen , nuu- Ireds of men, f women, boys and girls avert the town from destruction . by throwing snowballs. . The town- haa no fire department and water U scarce. The Xlames bad gained much headway, and a building in which was stored sufficient powder to blow up the village was threatened. As a last Tesort virtually the entire population began throwing thousands of snowballs, made from soft, wet snow, and after a time prevented the explos ion and confined the flames to a half dozen buildings. Recital Hall tot Sent. Ellers Recital hall, seating capacity 130, perfectly ventilated, comfortable, free from street noises, superbly equipped with highest class musical In struments of all kinds, available for a few more dates for high class musical functions and meetlnga Day or evening. For terms, apply Dooly & Co.. 88 4 Third street, or advertising department Ellers Piano house. Depositors, Attention. - The depositors of the Title Guarantee & Trust Co. will -meet at Eagles' hall, at 3:30 p. m. today.' important Come. - v V- r- 8. eVBABBBB, President. P0SSUI1I HIBERNATES IN FAMILY COUCH Frantic Search of "Haunted" Lounge Eeveals Sleep ing ? Pet iiunial. ,-' Cumberland, Md.. Jan, StI Foe some days something seemed to be wrong witn a coucn in the noma -of William A. Dalbaugh. When any member of the family lay upon It the wires were forced Out Inflicting painful jabs. . - The children soon gave the couch a wida bar th, and stories were soon cir culated; that tha, couch was haunted. Dalbaugh. -decided to make an investlgd Mon. - . . ;r . - . , i??bufh'.av Pt Possum. These Jittle auTiualS take long naps dur. ng the cold , winter months. The pet disappeared and could not be found. Vv henH Dalbaugh 'examined the conc ii he found that the possum had mitaki it for a hollow tree, and hud burrowid into it to take Its dose of v ral in. r wnen aisturbecl the pet showed tight. Dalbaugh bad difficulty in subduing It. . . ..- i I II - ; ' Clearance Sale of Remnant ? . v -Odd Lots. , Stock , taking has brought in v, t many remnants, odd lots and (r , lines. We won't have there in and are willing to sell them t any price.. Included are iioe eurfi' table linens, crashes, l!nn g-nA, underwear, hosiery, enr s, v, f etc., Iiw fprinic McAllen ' Le a. t . fur teat gov,i4 -i ijt.. ;