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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (March 29, 1910)
THE OREGON DAILY JOURNAL, PORTLAND, TUESDAY EVENING,, MARCH 29, 1910. mm iminnrnrn l.lll II IIUIILIJLIIv TumLIHUIlULIlLU;; ' iiivn r r rr . anu mm v I opponent of conservation. ITa appar- I enuy resented th intimation that con gress had been ruilty of failure to do Ita fun duty. , , , ,' , . ..- Chamberlain replied warmly, reiterat ing his Assertion that congress had been Improvident In riving- away th national domain.: , , , t Carter also" Interrupted ta admit Chambarluln'a contention that great labuaea had coma through tha reeognl- itlon Af r.f-t.tn intaltH nnntrmrtm vhfn Found in Room in Seattle's Re- "'"J" ct " r:p"u- Strictpfi Difrirt With Hpr I M'njr organUatlon 'aenatow qulta OllltltU UIMIIll VWIUI ncr ; Bl.niv .nmr,j;h, rhsmberlaln'a mild censure of congresa for Ita refuaal to aupport Booaevelt'a national conser- Throat Cut. (tCnlted Pre Leaned Wlrn.l Seattls, Mnrch 29. Tho first murder In the new reatrlcted district la the police record today, and Delia JM& vatlon commission. But Chamberlal onlr Injected additional emnhasls h spoka on, vigorously demanding 'action by congress. Later Dixon of Montana and Hughes on lof Colorado demurred to Chamberlain' poaltlon. Borah of Idaho also partlcl- BA1ER-lORE (Continued from Pare One.) Cormlclc, the victim, a beautiful darklpated In the discussion. Then fletcher naired girl of 2t. Ilea In the morgue I of Florida got In and a general field with her throat cut. I day was the result, the senate wakln The young womaitfHnur- Uewltfd as up to realisation that a vital theme had VT , , . . . - ..p i. r . . It... . j . . . i j i James H. Claxton, 25 years of age, I Clark of Wyoming In an Interruption who had lived with the woman for a 1 hotly censured Roosevelt a acts In con year and a half, gave himself up to-the nectlon with conservation, police this morning and the story he -Chamberlain ended by declaring that th he Indorsed Roosevelt's pollcyi wjthou qualification and that be believed the people generally did the same. told leads the officers to believe murder waa committed by a Chinese. riaxton met tho rlrl a year and a half ago In Vancouver. The girl went Into the tenderloin as aoon as It was reopened No weapon was Tound in the room and this faotr4ogther wltb the evidence of robbery, convinced the police thnT It could not have been suicide. The throat was cut cleanly as with a weapon of evidence of struarle. and the wound obscure in certain particulars, still the hHd been Inflicted with one sweeD of court holds, -it Is the universal rule. hut iLHOfi (Continued from Page One.) the blade. CHA ERll (Continued from Pft'r One.) the present .measure was constitutional. Ballings' Tlrst to Question. 'I have not been able to find." he said, "any case In which the kuthorlty hss been Questioned until the point was raised by the secretary of the Interior in Ills annual report of last year, and pos sibly later, by the president himself. "It seems to me that a policy that has proved salutary In years pant and has resulted in tho prevention of the monop olization of many natural rt'Sourc.'i ought not to have bfn, lightly set aside ill,' this or by any other administration. My own regret is that the president's power of withdrawal has not bten mor. frequently and fully used In the past. Regarding the Improvidence of con gress in land legislation, Chareberialn ald that, through lack of safeguards. great tracts entered for speculative imrposcs under the original pre-emption law eventually were reputed to bo largely the cause of land frauds. Timber and Stone Act Worst of All. "The timber and stone act of 187S proved three times worse," Chamberlain continued. "Over 12,500,000 acjes were acquired under It. it la sale iq say that very little of this for actual use by settlers. In Oregon In order to determine the Intent of the lawmaking power, to look to the act as a whole, to the subject with which It deala, to the reason and spirit of the enactment, and thereby, If possible, to discover Its real purpose. "Taking the amendment as a whole," saya Justice McBrlde, further, "we think that the Intent to make the entire method prescribed in the charter for levying and collecting drain and aewer assessments, applicable to water main Improvements, Is clearly manifest. I am greatly pleased to hr that the state supreme court has decided the water main case In favor of the city, although I am not at all surprised," said Mayor Hlmon this morning, on be ing acquainted with tho fact that the derision had been announced. The supreme court decision bears out the contention that The Journal has re peatedly made that the law providing for the payment of the cost of laying water mains by assessment of benefited property Is, and always hss been, per fectly valid. The dictum of the highest tribunal In the state Is of momentous Importance to the city of Portland and has been given nt a time when contemplated pub lic Improvements to cost millions of dol lars were being held up throurh, fear on the part of contractors that they would not be able to collect their money. At the present time the rlty water hoard In advertising for bids for the. was acquired construction of water mains on many s. In Oregon .,, whlrh have heen ndvertlaed for S.bf.6. acr.s were acquired unoer inn , flrnM1 or morft iroady, no response act, while in Washington 2.070.6.1 , ,h-.invitation of the eltv havlnr heen acres were acquired, anu in i am nnin received from contractors ani-n. i.nu. n a. lne admn stratlon hss adonted a known to all men, and nothing has ever L,, tnnt no pavements may hereafter en done to mane tnem impossinja oy thr. put down n advance of water main repealing the law. improvements the failure to net bids "Congress Is careless in language, rt from layers of mains has had the effect wrote mio tne ranroaa laws a clause under which the railroads have taken lsnds aggregating 362.654.964 acres." Chamberlain condemned the low which permits railroads to select the finest government lands In exchange for worthless lands taken from them in the creation of forest reserves. m.. V..1.I. f ..nnntf. 1 YtM Vim, It was noticeable that Chamberlain was listened to as one who thoroughly knew hla subject. Although he reiter ated former expressions In upholding the Roowevelt-Pinchot policies he In dulged In no abuse of those who take the opposite view. of delaying millions of dollars Worth of hard surface streets being laid. The water main assessment law hav ing been established on a firm basis by the rupreme court decision the city will have no more trouble In securing bids and the way Is opened for a great er activity In municipal development than has yet been recorded to Portland. Filei Curod la to It Dy. Pico Ointment Is giinrnnteed to rare any eiw or Itclilnir. Blind, Bleeding or Protruding Plies to 8 to 14 ity. or money refunded. SOc. Clark of Wyoming Interrupted, as an and treet curblne. usual way, the store making a deposit and then checking against It. The wlt- nesa continued: , i Golden Xagle Asked rarora. "Shortly after the aocount waa opened the Oolden Eagle began to ask accom modations. They could not make a sat isfactory showing, but at the same time. as often happens, they ran a little over draft. When It got up to 12000 or ao we required them to aive security, or close the account A note for- 16000 to the bank was filled out and signed by Mr. Wriglit of the Oregon hotel aa se curity. -I understood he waa connected with the Golden Eagle In some way. Thia $6000 gave the atore a balance, and they proceeded to draw on their acoount. Tho firm made dally deposlta of from $800 to $3000, but it waa hard to keep Uvm down from making over drafts, The account was continually overdrawn, and a close watch had to be kept. It was understood the store was not to have credit beyond that $6000 without more security. Aaked for rooting. "Some time in 1907. while Mr. Morrla was away. 1 had occasion to ask one of the bookkeepers for footings of an account. On an opposite page 1 noticed the Oolden Kagle account, ahowlne- about $21,000 overdraft. "I aaked him if that waa the true state of the account, and he said It was. Mf. TrUbjr admitted allowing the over draft. 1 at once telephoned Morris, ask ing If there were any additional aecur ity to cover It. He replied there was not. ' I gave Instructions not to let any more go out to the Oolden Eaale. and sent for Oua Lowlt of the Oolden Kagle. tie tried to give the Idea he had per mission from Morris, but said he did not know the amount was so large. 1 told him he must reduce that overdraft bv 11000 a week, and he said he would make some arrangement with a broth er-ln-law In Seattle for security. Thl waa looked up by Frlede, who knew something about the Seattle man. Thls i,uuu overdraft was gradually reduce ana J tnink about wiped off. Stopped Payment. After that I never knew the Qolde Eagle had an overdraft for more tha $8000 up to Sunday, August 18. But o he 17th the salary checks of the Golde Eagle began to come In, and I stopped heir payment. Mr. Mayes caie up to ee me and asked how he coilld carry he thing through If the bank wfculd not pay out i 101a mm ne could not hav the money. Then he turned loose and told the story of the bank having taken ver the capital stock 'of the Oolden Eagle and placed htm In charge. He had made the arrangement with Morrla nd supposed I knew about it. 1 then ,-ent over the matter more carefully, nd decided to pay the salary checks j i was arter tnis, tne witness ex plained, that other notes of the Oolden Kagle turned up, uncovered by Truby In the absence of Morris. He admitted telling Receiver Devlin after the bank closed that the bank owed the Golden Eagle only the $6000 note and a small overdraft. Morrla Explained. He said this was after Morris had made explanation to him of the taking over of the Oolden Eagle by the bank. He considered that If the hank held the stock of the store It could not also be held to owe the notea. lie was not sure he had explained the details to Devlin, however. Moora said he knew little about the signatures being torn from the Golden Kagle notes. It had been explained by Morris that when the arrangement was made to take over the Golden Eagle Morris was willing to cancel tho notes, but Lowlt wanted the notes himself. Morris told the witness they feared the transaction would not be legal If the notes were left Intact, so the signatures were torn off and the autographs given to Dowlt, the bank retaining the muti lated paper. "I never believed In It," said Moore, "but this was the explanation given me of the way the notes came to he In that condition. Morris told me where the beJi Aim TURKISH CIGARETTES "Absence makes the heart grow fonder." You'll appreciate Fatima cigarettes the more when you try to smoke others. They are the kind that never vary always good. Fatimas make fast friends, because no other smoke is quite so satisfying. A plain package, but twice tne usual number of luscious, cool, cigarettes. Pictures of popular actresses now packed with Fatima cigarettes. 1 : - rwmwum THE AMERICAN TOBACCO COMPANY JnM "irJ Imp, ,,.,,.-,..1. .. . ., i : f ' . . j . . .1 20 for 5 cents notea, wee, Arw auggeated Ihey .. be turned over .lo Mr, Devlin. I agreed this should be done, so we went and got them," - . ';, Explains Building nana. . Moore said that Devlin and Joseph Simon, as attorney, considered for some time whether to farry out the arrange ment with , the' Oolden Eagle made by Morrla, -or to hold the notes In the bank, turning back the stock. The lat ter oourse waa. decided on. Moora recited In detull the plan for the Board of Trado building. It waa broached by Dr, Parker, then owner of tne property, he said. He finally took a SO year purchase lease at $1135 per month the first IB yeara and $1165 the otner 15. In a preliminary way, he too! the contract in the name of. W. II. Moore, later forming the Board o Trade Building company as a holdln corporation. "It occurred to me that there could not be a greater Investment for th savings deposits of the bank than thl property, with a fine building on It. said Moore. "I negotiated with J. 11 l4iber, aecretnry of the Board of Trade for th$ usrf of the name of thtt ormi lxatlon, which I considered worth $5 "no, I gave tho Board of Trade nominal cent for use of the name." Negotiated for $300,000 Loan. Moore said he had selects! Mr. Ulc k- son to take the most of the stock be cause he was an old friend. It was al ways Intended, he said, the building siiould be owned by the bank. He thought It best, us he was president of tne uaiiK. lo carry the deal through a subsidiary company. He told Labcr. iJiiigsun and others-just what his plun was, ht said. He also told of negotiat ing for a 1300.000 loan with the Pru dential Life on the building. A tele gram announcing the loan would bo granted came after the bank was closed, he said. Meantljne the building company hud oeor. permitted to draw on the bank, and had used about $80,000. He er.lii thls wua a temporary arrangement. Jt had been expected the loan would be made In a few days, but delavs over tne abstract prolonged the tension Moore denied point blank that he ever told K L,. Lytle that the funds of tho bank were not being ued for tho Board of Trade. With equal force he denied that Lytle ever warned him not to lmvo anything to do with the Pacific & East ern railroad, as Lytle testified. Knew of Lytle Movements. Moore said he knew when Lytle went down to Inspect the road. He alxo knew that Morris, George Kstes and Fred Stanley went to look at It. The first he knew that Lytle did not look with favor on tho road, he said, was when he was Informed by Morris, some time after. Lytle testified he notified Moore of his conclusions over the tel ephone us soon as he returned to Portland. Moore said he was not In position to give much light on the Pacific & East ern. He lert that to Morris and Estes. He was aware that after Estes bought the road the bank Issued $81,000 In cer- imcaies oi neposns. i r. Kendy, re ceiver of the road, had assured him these would not need to he cashed until after bonds had been sold on completed portions of the road to pny them off As to the Order of Washington ac count, Moore said It originated before he entered the Orepon Trust. He had worked every way he could to reduce It, hut was unable to do so. He hnd nothing to do with advancing the money. Moore Denies Testimony. Just before adjournment Moore de nied the teRtlmonv of the Witness Watts, who accompanied Minnie Mitch ell to the bank on the laet day It was open, when she deposited the draft for receiving which Moore Is on trial Watts said Moore entered the hsnk while they were there, saw the Invalid woman In her wheel chair, and stopped to watch her write her name. Moore said he was at the First National bnnk at 4 o clock that day, not having re- urned from the clearing house meet- ng. It was nearly 6 o clock when he re- urnod, ho said. He did not see any nvalid woman In a chair, he declared. Moore likewise .denied that Deelus, he bookkeeper, had any authority to receive tho deposit. He said the bank's doors closed at 3 o'clock, and only uch deposits should be received after that hour as were in the hands of those waiting in line when the bank closed. Testifying' This Afternoon. This afternoon the witness had still to tell of tho deal In Home Telephone bonds and to undergo the ordeal of cross examination by Deputy District Attorney Fitzgerald. In beginning his testimony. Moon told of his early life as n farmer boy in California, then In eastern Oregon of building up a merchandise huslnjes j with his brother. Henry A. Moore, then i branching Into the hanking business:' He j testified to giving his note for stock In the Oregon Trust In 1005. first for ! $5000. then for $10.noo and finally for $25,000 the latter representing the stock of W. C. Ralston, whom lie succeeded as president. He paid It was explained he could hold the Ralston stock In trust, to be resold. C. A. Malbuf. a land dealer, formerly connected with the Southern Pacific, testified this morning for the defense to examination made by him of the I Crater I.ake railroad property. He said 1 he regarded It as an unusually good prospect and he looked It over for the Southern Pacific. Flo understood It could be had for $130,000. Not tjood Investment. I A. B. Hammond, a civil engineer, tes- tlfled the road Is not a Rood investment now, but would be if extended Into the j sugar pine belt. He thought It good j for $16,000 in bonds per mile If the j money wore ready to extend It. He would mako no loan except with a view of extension of the line. I Receiver Devlin was cnlled hy the d- ' fense t develop what became of the'l Minnie Mitchell draft.- He testified he j found It in the hank when he took i charge and returned it to her. He also i stated that about $1400 was deposited after banking hours on the day the' bank closed, all of this being returned by an order of the circuit court. I Assets Exceeded liabilities. ' ! E. W. Haines, ex-state senator and J former president of t lie State Bankers' 1 association, who lives at Forest Grove, 1 : testified that in his Judgment the Ore- : ! gon Trust's assets exceeded Its HabiM ,'tles at the time It closed about $100.- ! ' 000. He said he reacned this Judgment after going over the books of tho re J celver. He was appointed hy Receiver 1 Devlin, he said, to examine Into the 1 condition of the bank and to make a i report thereon to the depositors with , a view to the feasibility of reorganlz j lng the bank. On cross examination by the state Haines said he could not remember how the telephone bonds were listed. Besides these bonds and the loans and ' discounts account he could not remem her of what the assets .consisted. After lie had displayed a general forget ful ness as to what ho had based his re port upon. Deputy District Attorney Fitzgerald excused him from the stand. Promises Big Profit. James N. Davis, an attorney, testi fied he was a deposit! 4n . the-hgnk when It failed and was asked to invest in German-American bank stock when that institution took over the affairs of tho Oregon Trust. He said Devlin told him the German-American deal Would pay out the depositors and yield a profit of anywhere from $200,000 to $300,000. Davis also testified to the value of the Aloore land In Stierman an3 Morrow counties, which were turned over to the bank, lie had In spected them, In company with Moore, and placod the value at 125, per acre, or about $65,001. C. K. Henry was called aa an expert on the value of , the Board of Trade building at the time It was turned over to the receiver. He thought the. build ing, Including the .equity under the purchase lease held by Mooreia holding company and taking Into account the lien then outstanding was worth $110,000. In answer to -a similar question, J. B. Labrr placed the value of the Board of Trado property at $135,000 or $140, 000 net, Henry E. Hoed thought it worth $130,000 and George .Jacobs esti mated It to be worth $115,000 to $120, 000. J. O. Rountree and George D. Schalk. realty dealers, testified regarding the value of the Moore lot at Water and Montgomery, streets, also turned over to the bunk and VHlued at $25,000 by the receiver. They believed It worth $tS, 000. Deputy County Clerk Henry Bush was called to show that six Indictments were dismissed against E. E. Lytle be fore the latter took the witness stand to testify against Moore. Testimony that the Moore lands were worth an average of $.0 per acre was elicited from Herman Wilcox. W. A. Muichle. A. H. Potter, W. J. Peddleord, .). E. t'ronan, H. II. Wells, .Alexander Scott, C. V. Harper, Duncan Chlshnlm and T. H. Johnson, residents of Sher man, Morrow and Wasco counties. The tamt wltneaaes, old friends and busi ness associates of Moore In eastern Oregou. testified to his good reputation, for Integrity and honest dealing through a long term of years in that pArt of the state. The most of them knew him 25 years or longer. Secretary Kagel, of the department of commerce and lahbr, has announced that he will consider the suggestion for the creation of a bureau of Investigation of the condition of the working men snd working women In the IJnlted States. s n Mr BR00E The Peer of All $3.00 HATS Our showing of Brook Hats soft and derby styles, has never been so complete as this season; every new color, shade and shape. AND OVER $3700 IN OTHER PRIZES. READ PAGE 4. BOYS DON'T FORGET THAT CANOE CONTEST If you want one of these Canoes that we will give away June 1st, better get busy after those votes. Votes given with all purchases. jmiMmwH iMwmwmikv-mmLLLnmLM uw !WI"II,I,'1I M- J.," ,,.,-TTnr -v.. - - - n , THIS ADVERTISEMENT WAS WRITTEN BY A CITIZEN OF OTHELLO IT TELLS OF THE ADVANTAGES AND BEAUTIES OF OTHELLO AS ONLY A CITIZEN CAN TELL IT: hy You Should Invest in OTHELLO Going to a new country requires faith in the resources of that country. After successfully testing the conditions of soil, healthfulness of climate, etc.,. we no longer walk by faith, but by sight. Such is now our attitude in regard to the territory contiguous to Othello. We have seen immense wheat crops which many claim to be the only crop successfully grown here. We have also grown fruit of as fine texture, flavor and color as seen elsewhere. And this without irriga tion. Our home-grown potatoes cannot be surpassed, and melons delicious enough to tempt an epicure. We have fattened hogs on home-grown corn, and have en joved our own popcorn. We have proved the fertility of the soil. These prod ucts were all o excellent quality. More moisture would bring a more abundant yield. Irrigation is surely coming our way. A vast change in our landscape' will be noted during the next few years. Sagebrush plains were converted into immense wheat feilds, and these in turn will give place to large orchard tracts. Poultry is grown with less care than in many localities. Wheat is an ideal egg-producing food. The business is remunerative. N Our climate is equable. In summer, eykn though the thermometer may reg ister a rather high degree, there is almost invariably a breeze which prevents the sultry heat of many places. We know nothing of the heavy, moisture-laden air which makes breathing difficult. Neither mold nor mildew annoy us during the . heated period. Our winters are mild. We have glimpses of mountain scenery from several different ranges and snow- capped Rainier is plainly seen when the air is clear. We have an intelligent, sociable, kindly class of people. Our school and church privileges are good. There are opportunities here that are unknown in the east and many parts of the west. They far surpass the disadvantages we encounter. Seeing is believing. Come and see. Come and help us develop more fully this, the best part of the best state in the Union. MRS. ADA PRICE LEE. Business and residence lots of Othello can be purchased on practically your own terms. You cannot afford to miss this opportunity to invest your dollars where they will grow with leaps and bounds far surpassing your fondest expectations. Call at our offices and let us show you maps and pictures which will convince you. OTHELLO IMPROVEMENT CO. P. B. NEWKIRK, Managing Director . ;v 219-220 COMMERCIAL CLUB BUILDING CORNER FIFTH AND OAK 33 II