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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (Nov. 11, 1908)
THE OREGON DAILY JOURNAU PORTLAND. WEDNESDAY - EVENING, NOVEMBER 11, 1908. WEST NEEDS NADCE MONEY Ninety Per Cent of Bevenues . Now , Go to ' East and Abroad, Warns Robert B. Armstrong Prcscrip . tion Good for Coast Cities. (Special Plapatcb to Tbt Journal.)' Chicago. Nov. 11. Protective me ures" to ansure the soundness of west ern Insurance companies and thus an cpurags and aid . the aound one was advocated bjr Robert B. Armstrong; for merly assistant secretary In the treaa " wry, who wesi the guest of the ways and x. means commute of tha Chicago Asso . ''Hatlon " of Commerce today at-, "a tunoheon. The occasion was In tha na ure of a "wolcome by the west to him from Philadelphia Of the Consolidated Casualty company, a $2.0000,000 com- ?any .of which he is president, and the irst of the big eastern insurance com panies to remove - to the heart of the United States. Mr. Armstrong said: 'Chicago, the. .valve of the heart of 'America, healthy in every other respect is diseased when it comes to insurance. There is a leakage of assets here un worthy the second city of the United States and the fourth city of the world. All this great healthy heart the middle weat that surrounds Chicago on every aide sends over (400.000,000 each year to the east and foreign countries for Insurance. Hardly a drop remains for the sustenance or Chicago. - "Of the total insurance premium .of the. United States almost' $1,000,000,000 annually, to be exact. $825,000,000 In 1 SOT less than 1 per cent waa retained Irv Chicago, second only to New York In this country in population. For which the American people pay la three years f or insurance they could buy the city of Chicago as It stands today railroads, street cars and alL yet less than the one-hundredth part of this vast ' total cornea' to Chicago Insurance com panies. .. artw Tom su .mureertruia. "And yet w wonder why New York state has three-fifths of all the actual money in the United States. We wonder why the west must, worship in Wall street for euouab money to finance It dreams' of growth., and greatness. "The total value of Chicago property In round figures is 12.600.000,000. The e'sprts of the gtat life insurance com- ranles atone of this country amount o 13,000,000.000. Ninety per cent of this is concentrated east of the Alle ghany, mountains. The other 10 per cent Is scattered throughout the balance of the country. Chicago's portion is negligible. It has no great Investing In stitutions. Milwaukee has one Insur ance company the assets of which are moro than 1200,000,000. The biggest one in Chicago has not 110,000,000 of assets. "Chicago, with all Its commercial vir ility, all its greatness of accomplish ment, - all Its magnificent supporting country, has allowed the millions upon millions of insurance premiums to flow through it-Howard the east unchecked. It has deplored the necessity and the humiliation of having to go back to those sections of the country and ask for its insurance premiums to. finance its railroads and its commerce. 7 ere is no reason why Chicago - should not become as preeminent In insurance as it has In every other line of human endeavor. The time has ceased when Chicago men of affairs are exclusively engaged . In. building individual" monu ments to trfemselves in packing houses, mills, factories, lumber yards, and srreat distributing warehouses of mer chandise. "Chicago's banks and trust companies are without question the peer of any in the world, yet they are essentially commercial current Institutions. Invest ing, with them. Is. an incident and not a practice. Behind these banks and trust companies of Chicago Ilea no A GREAT ARTIST in. the dental line can srlve you ' a set of beautiful teeth 'Without a plate' if you nave inree or xour sounateeth aa a basis to attach his crown and bridge work. We are artists and past masters or the art of dentistry and whether it be filling, brldarina. crowning or fitting whole plates we make your mouux iook Deauurui and natural. r? Special Rates All This Month Flexible Flesh-Colored ..' Plates . . . ... .... .'. . . S10.00 Gold Crown, 22k... $3.50 Bridge Teeth, 22k..... $3.50 Gold Fillings ......... $1.00 Silver FUlings ...50 WHY PAY MORE? ELECTRO PAINLESS DENTISTS 303 Washington St, Cor. 5th We Give a Ten-Year Written '; : v . ,.' Guarantee. : , : - -. Open evenings and Sundays. . " '". Lady attendant. . ' We keep busydolng good work al these prices. - We have the latest, most modern electrical apparatus for doing painless dental wok. . 1 If, you are nervous1 or have heart trouble, the Electro Painless Svstem wlllvdo the work when others 1L secondary line of financial Institutions, such as life,- "fire and miscellaneous in surance companies.' which are found in New York, Hartford, Des .Moines, De troit, and a score of smaller cities. Money is more abundant and more avail able In such centers. -A constant stream of dollars Is pouring Into every insur ance center for permanent Investment for development purposes, for the assist ance of banks In time of stress, and is an additional safeguard and entrench ment for the credit of the community. A fcessoa rrom Milwaukee. "I know of my own knowledge several cases where, during the .panto of last year,' insurance companies came to the aid of banks and sold them securities acceptable to the United States govern ment for circulation, taking' pay for them in other securities equally satis factory to the Insurance companies but unavailable for-circulation purposes at Washington. . Without that, assistance some of the banks would have gone to the- wall, damaging the credit of" the community much more than the private fortunes of the men back of the banks, "Much has been said about Chicago's insurance Institutions. . There, have been failures but there have been fail urea in other cities. There have been wildcats, as there Jtave been wildcats In other cities, - ' ; : "Chicago has been Indifferent to the Insurance business because lt has had so many other projects requiring activ ity and attention. , It la my Judgment that the time, has! now arrived for the encouragement and- development of In surance Institutions In Chicago to col lect, hold, safeguard and Invest a large portion f4he MOO. 000,000 each year Invested by the middle west in Insur ance. One could stand here for a day and recount the greatness of Chicago Its bank clearings, tonnage, pre-eminence of Its grain - and cattle marts. With those figures you are familiar. "Chicago has- been so used to doing things In a big way being predominant In every line of endeavor; that it .has -overlooked a great source of strength, stability and power. , In Milwaukee many years ago an Insurance company was moved . to that city. It was wisely managed and helpfully encouraged and today JSI.000,008 ,eaoh year la the rev enue that that- company brings to Mil waukee. I am hopeful that the same thing can be done in Chicago. I am backing my Judgment, because I - am bringing te this community a company capitalized for 11,000,000 and an equal amount of surplus, to do ovefy form of Insurance except fire and life. There Vis no -reason why It Should not be of Denent to ' unicago in a great degree, and I shall be very much disappointed if in a reasonable time It does not do for Chicago what the company referred to has already done for Milwaukee. . "There has been and still is a large Indifference to Institutions of this kind in Chicago. Insurance lay a technical question. Men who would not con sciously do anything to injure a Chi cago institution of this character an swer any Inquiries with the terse but unhappy phrase, "I have no Informa tion.'' This Is certainly damning with faint praise, to say the least. On the other band, the individuals referred to cannot be blamed. Their statement Is correct Thevhave no - Information. They are unwiHTng to give indorsement to something of which they know noth ing. To remedy that difficulty and to enoourage Insurance enterprises to en ter ann remain In Chicago I suggest the appointment of an insurance com mittee ot this body. On that commit tee, I would suggest, should be repre sentatives of banking, manufacturing, law and transportation. That commit tee should investigate and pass upon the merits of new enterprises Indorsing those that are fit and withholding in dorsements from those that are not, and be in position to supply any Information desired about Insurance companies lo cated in Chicago, and offer all informa tion - to. companies seeking to locate here. "Ten years from today Chicago should have an annual income frogi insurance premiums of 1200,000,000." UNITED DAUGHTERS, OF CONFEDERACY (United Frees Leased Wire.) Atlanta, Oa.,' Nov. 11. The fairest women of the south are here today to attend the annual convention of the United Daughters, of the Confederacy, which opened a three-days session this morning. ,. Mrs. Cornelia Branch Stone, president of the general division, opened the con vention. The morning session was given over to organisation and the ap pointing of committees. This after noon is to be taken up with social events. ,t ... v. :,--' -. A most elaborate series of entertain ments has been planned for the guests. Governor and Mrs. Hoke Smith are to give a reception to tha. delegates to night . , . . The Atlanta Federation dt clubs Is to hold a special meeting at the Piedmont Driving clubhouse and a large number of other functions are planned. The Robert K. Lee and Jefferson Davis chapters of the organisation from San Francisco are represented, as are many other . western chapters. - MRS.MKS02T TELLS . TALE OF CRUELTIES (United Frees leased WireJ ' Spokane, Wash., Nov. 11. That her husband has repeatedly threatened to blow her brains out, that he has often beaten and choked her, that on one oc casion he compelled her to. sleep on the bare floor without any covering, and that on another occasion in a drunken frenzy he kicked her- bodily out of doors, oomposed part of the testimony given In police court yesterday after noon by Mrs. Mary C. Larson, wife of Andrew Larson, brother of the late Peter Larson, said to have been the wealthiest man In the northwest He waa on trial charged with threat ening to kill his wife and also with assault and battery. At the conclusion of the hearing he was put under a $2,000 bond to keep the peace for a year. Mrs. Larson testified that her hus band wished to get a divorce that he might marry a ysynger woman, but she said she would not permit It REMARKABLE CASE t . -OF SKIN-GRAFTING San Rafael. Cal., Nov. U. -Ten men called at the Cottage hospital here to day and of fered to have parte of their akin removed to be grafted upon the body ot Phillip Redmond, a railroad en gineer, who was scalded in a wreck near Novato last July. The ten fellow workers, who came to his aid make a total of 150 who have given skin to the injured engineer. It Is believed he will recover ana that his cure will be one of the most remarkable in the history of skin grafting. The Remarkable Will Of a Doctor He Leaves the Secret of Life to His Children and the World. Ona of the world's greatest physi cians upon his deathbed called his chil dren about Jblm and. said; "When I dle I will leave the secret of life as I have discovered it in my practice." When they read his will it directed them to a safety vault which contained a large envelope marked thus: "The Secret of Life." Upon opening It they read: "Don't abuse the stomach." This profound thinker after a long "life of medicine knew the stomach to be the throne of man. Stuart's Dyspepsia Tablets will help you make a stomach healthy. . . If it Is worn out and lacks the fluids of digestion these tablets will take the place of such fluids. If it Is filled with poisonous juices, these tablets will neutralize and remove suoh poison. If you cannot eat without agony these tablets -will show you how you can. If you will eat foolishly, or drink excessively, or if business demands abuse of stomach, these tablets after meals will make such abuse light for they take the hardship away from the stomacn. . They are , great digesters, filled with more powerful agents than the system can give. They go back into the blood after they have digested a meal, thereby Increasing the ability of nature to take care of digestion without exhausting otner organs. High livers need feel no considerable hardship if they will eat one of these little tablets after a rich or late meal. It Is a, splendid gift to the stomach and a good habit to form. Stuart's Dys pepsia Tablets sell for 60c per package at every drug store. Send us your name and address and we will send you a trial package by mail free. Address F. A. Stuart Co., ISO Stuart Bldg., Marshall, Mich. GUARARIT EED SHOES li"' "U If Within ; Vwcl 60 DAYS V ' r Should Need 1 Vn V I Repairing 1 XX i L V I We Make I h FREE OF I j CHARGE 3 V STORES G MM m ' INCORPORATED Agents for Edwin Qapp's Finest Custom Shoes 88 Third St.; OppGhamber 01 Cominerce DlilDGHJf WILL BE RESENTENCED Brutal.: Wife-Killing' Case c Keopened by. Supreme ; Court's Decision. ' (Special DUpatea to The Journal. Chehalls, Wash., Nov. 11. Prosecut ing Attorney TJ. E. Harmon waa noti fied last night that the supreme court had affirmed the,, sentenoe of the su perlor court of this county In the case of the State vs. Frank O. Bridgbam, convicted at this place last February of murder -in the first degree for killing his wife at Napavlne in November, i90T. Brtfgman was tried here before Judge Rice and sentenced to hang, but after the trial Brtdgham secured, new attorneys who attacked the case on two points. One was that the evidence was not surncient to sustain the ver dict and the other that the informa tion on which he was tried was not good. This was the first conviction in Lewis county of murder in the first degree. Brldgham will be resentenced, as the date of his formr unlnnpn ti,a passed. His attorneys may petition for m rturanni ixjiuro juuge KIC, ana it is optional with the judge whether he will grant It or not The crime for which Brldgham was found guilty occurred at Dittmar & Springsteen's sawmill, two miles from Napavine. There had been trouble in the family for some time, and on the day of the murder there had been words between the husband and wife. Brldg ham wanted his wife to go out doors and talk their affairs over, but his wife, knowing that he carried a re volver, was afraid of him, and refused to accede to his wishes. While trying to get away from him In the house, as she was passing into another room, Brldgham shot her In the back with a ,44 revolver, the ball passing entirely through the body. Mrs. Brldgham lin gered several days in a hospital at Centralist and before her death made an ante-mortem statement in which she accused ner nusDana or shooting her, and detailed the facts that led up to the crime. When the case was given to the Jury they -were out only 16 minutes, and brought in a verdict of murder in the first degree. GOVEMOK MEAD TO AID COSGgOVE , (UnltwJ Proa Laud Wlre.V Pomeroy, Wash., Nov. 11. dovernor elect Cosgrove expects to leave Friday for California for the benefit of his health. At a conference yesterday aft ernoon Cosa-rove and Governor Mead came to an understanding regarding the next administration, (josgrove receives, the assurance of Governor Mead that the latter would do everything possible to carry out the governor-elect's poli cies. In leaving," Governor Mead said he felt sure of Cosgrove's recovery, but evaded answering the question if he would continue as chief executive of the state provided Mr. Cosgrove did not return In time to be Inaugurated. - AMUNDSEN TOLL GO ON LONG VOYAGE (United Press Lease Wfre.T Christiana, Nov. It. Captain Raold Amundsen Is maklns; preparations for another lecture tour to obtain funds for an expedition in search .of the north pole. , He finished his lectures here last night with a talk before the king and other distinguished men at the Royal Geographical society and he outlined his plans for starting the polar expe dition, for the first time. Captain Amundsen will start from San Fran cisco early in 1910 on the Frara, which will be equipped for a seven years' voy age. He plans to fasten his ship in the Ice northwest of Point Barrow, the most northerly point of Alaska. He nopes to ami irom mere 10 tne norm pole. Birthday of Italy's King. (Special Dispatch to The Journal.) ; Rome. Nov. 11. Kins: Victor Kni- manuel entered upon his fortieth year today and the anniversary of his birth was observed' throughout the country with (rreat enthusiasm. Nettrly every Souse in ne city is aecoraiea wun me stTonal flag, pictures of the king and the royal family, and great crowds sur round the Qulrlnal to catch, if possible, a glimpse of the king when he starts on his dally automobile ride. During the morning a diplomatic! reception was held at the Qulrlnal, on which occa sion the diplomatic representatives of the various oountrles represented at the Italian court, congratulated the king in behalf of their governments. Antl-Vivisection Concert. (Special Dispatch to Tl Journal.) New Tork, Nov. 11. -So numerous were the offers of prominent singers and musicians to contribute their serv ices to the concert under the auspices of the New Tork Anti-Vivisection so ciety at the Waldorf-Astoria tonight that many of the offers had to be de clined with thanks. Everything indi cates that the concert will be a great artistic- and financial success. Among those who will appear on the pro gram are Mme. Emma Fames, the prima donna, and Albert Spalding; the young American violinist ,,t. Freight Subway Project. 4 New Tork. Nov. 11. The nubllo serv ice commission ' held a hearing today concerning the plan of William J. Wil gus for affreight subway to run un der the marginal streets on the water front of Manhattan. The plan also contemplates the construction of branch lines under - the cnler streets or the commercial district, k submarine tunnel to . Jersey, and a great freight yard there, where freight will be sorted and dispatched through the tunnels direct to the premises of the consignee. The Froject. If carried out would cost about 100.000,000. if . cossxTMpnoar statistics. Prove that a neglected cold or cough ?uts the lungs in so bad a condition hat consumption germs find a fertile field for fastening on one. Stop the cough just as soon as It appears with Ballard's Horehound Syrup. Soothes the torn and inflamed tissues and makes you well again. Iff!. THE TOWNSITE With a Future Sa el Sale! Another Big Sensation for the Ladies of Portland - he-Uoiversffll'S (Scaly, Mason & Co.'s Old Corner) Fourth and Morrison Sts. THREE DAY SALE Ladies' Suits and Coats We place on sale tomorrow for Thursday, Friday and Saturday only the first arrivals of a spe cial $3000 Purchase sent West purposely for a proposed exclusive Washington St. Store It is needless to go into detail over these garments. Just pass our store at Fourth and Morrison this evening and you will quickly realize that tomorrow you will have an opportunity to purchase EXCLUSIVE COATS AND SUITS of the very best material and most recent fashions at posi tively One Half Priceand Less Reg, $7.50 Silk Petti coats at s Just Think Of It $75 Suits $24.9 These Suits and Coats are posi tively superior to any you have seen in Portland this season for double the price. They were not bought with the intention of. being sold at such ridiculous prices, having1 been purchased for an exclusive Washington street location. Every late effect and all the stylish colors and materi- v als are wonderfully well displayed among this collection that will startle the fair sex for the next THREE DAYS. $60 Goats I 1 i n $243 Included in the. assortment are the popular Empire,' Napoleon and Directoire styles.v - $35.00 Suits and Coats;. $14.95 j $25.00 to $30.00 Suits and . Coats v k :.-- v. . : 11 .0 ."! SPECIAL r. $7io '"SflW- Petticoat?,. . . ..rri.cr, $3.00 Net Waists. .. .... U'U ' $$.00, Net Wais....,....::