The Oregon daily journal. (Portland, Or.) 1902-1972, September 21, 1911, Image 3

The Oregon daily journal., September 21, 1911, Page 3, Image 3

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Newspaper Page TextHOME RULE IS NOT FAVORED BY HUGE ALASKASYNDICATE Would Mean Greater Taxation and Its Hold Would Be Ma , terially : Weakened Many ? Favor Home Government. By John E. Lathrop. (Written for Thu Journal and the Even ing News, Newark, N. J. Copyright, 1911.) C6rdova, Alaska, Sept 9. Ono finds the views of Alaskans on what should be done for this territory as divergent as. the opinions of people back in the states. Up to the time I reached Cor dova, the consensus seemed to be In favor of territorial government. In Ketchikan, the most southeasterly town In Alaska, In Wrangell, next town to the north, In Juneau, the capital of the territory; In Skagway and Sitka, the former capital, opponents of home gov ernment were hard to find. I went from store to store, talked with men In all walks of life in those towns not all of them, but many and it appeared to .be well nigh the unani mous demand that congress grant them territorial government. .Here one finds stronger sentiment ItfLIPMAN.WOLFE&CO. Merchandise Ostrich Band Trimmed Do you know that the present styles now so popular Hoods trimmed with ostrich bands originated with us? As far back as the first of August we were showing hoods with ostrich bands and predicted then' that for knock about hats they would be first in popular favor. That this is true you must ' have noticed from the number of these hats now being worn For Friday we place on sale a number of entirely new soft felt hoods in the different colors, trimmed with wide ostrich bands. Special $2.95! In Checking Up STORE CLOSED SATURDAY JEWISH HOLIDAY REOPENS 6 P. M. Cape Gloves 87c Selling Normally at $1.25 Women's one clasp out-seam gloves, with self stitching ion the back. Made in the mannish style and all the new shades of browns and tans for Fall wear. Women's Underwear Vests and Tights 50c Vests and tights in light, me dium or heavy weights. Made of fine ribbed white cotton. Full sizes and prettily trimmed throughout , Union Suits $1 Union suits in light, medium, or heavy weights. Of fine ribbed" white cotton. All properly tut, perfectly fitting garments in. the -various wanted styles. Trimmed gainst such form, of government than elsewhere. I would not Jiimp" to con clusions, bat one cannot avoid the Im pression that few men who are close to the syndicate favor territorial gov ernment. Not all who oppose that form of government are allied with the syn dicate; some of them are free as the air, and honestly believe that Alaska is not prepared for self-government. Bold Would Be Weakened. I am told by many Alaskans that the hold of the Alaska syndicate would be weakened if territorial government were granted. Probably that would be true. It would apply .most Importantly to questions of taxation. At the present time, the Copper River A Northwestern railway pays $100 a mile taxation an nually, or something less than $20,000. It is a property which cost about $1$, 500,000. The $20,000 is slightly more than one tenth of one per cent; or a little more than one mill taxation. Man ifestly, that Is not burdensome. Yet R. J. Boryer, attorney for the com pany, cited that as an Instance of un just taxation and as heavy. Under territorial government the road would not escape with $20,000 taxes a year. Probably it would pay several times that amount. The road has been given Its right-of-way, has located val uable terminals, and now owns the only railway to the immense copper belt of the Chttlna and contiguous districts. It is hauling freight, and soon will be a paying property. If Alaskans had the power to deter mine their own tax rates, probably they would ask the railroad to bear a larger share of the burden of government. The other properties of the Alaska syndicate doubtless would likewise bear their pro portionate share of the tax. Under ex isting laws, practically all businesses must pay the annual business or occu pation tax. The mall concern does not escape. It Is not to be questioned that, FRIDAY BARGAINS of Quality and Hoods Friday Spl. $2.95 Our Blanket Sale We Find Some Odds and Ends 11-4 Wool Blankets Spl. $3.45 11-4 Wool Blankets Spl. $4.95 11-4 Wool Blankets Spl. $7.35 Among our best selling sale blankets we find our stock so depleted that we are determined to close out these few hundred remaining blankets at three special prices. White and gray with light blue and pink borders. These blankets come from one of the best mills in America, and we are ready to add our endorsement both as to quality and service. These blankets are the best bargains possible to secure, quality considered. Scotch Heather Mixtures In this ever interesting section can be found two very special items for Friday's sell ing. A new Scotch and heather mixture so popular now for one and two piece suits. 56 inches wide in a variety of col or combinations. That sells at $1,35 the yard. Also a 56 inch diagonal Eng lish mixture at $1.50 the yard. $1.25 Messaline 98c A 36 inch messaline in black only. This, is the best $1.25 quality and for Friday we are offering it at the unusual price of 98c the yard. Just the thing for skirt and dress linings as well as trimmings and for waists. 75c Messaline 59c 19 inch messalines in tan, wistaria, lavender, light blue, cardinal, garnet, gray, pink, new blue sapphire, old rose, white ivory arid black. under territorial government the) larger businesses of the syndicate would par larger portions of the tax. . Read Tax Obnoxious. The head and business tax laid upon the smaller -operator is exceedingly ob noxious to the Alaskan. He objects to it as something different from the tax ation Imposed In other localities of the United States. It Is a tax on Industry, purely and simply. In other ways, the syndicate and its allied Interests might feel, the effects of the shift of a part of the governing pow er to the people here; for as It 1 now, it is ncessary to go to Washington, D. C, for everything, and that Is expensive not possible often for the average man. Of oourse, only a portion of the authority would be transferred here un der territorial government, but. taxa tion measures probably would be deter mined here. The large business interests are able to maintain their lobbies in the national capital and to send there their representatives at will. It is at too long range for the aver age man to procure representative ex cepting through the territorial delegate, and Inasmuch -as he has no vote, and his, constituency so scattered, he is hampered seriously. FINANCIAL PANICS MAY BE AVOIDED, ASSERTS B0NYNGE (Continued from rage One.) believing with the speaker that the mon etary system question is the most Im portant one confronting the American people today. "The commission will be ready to submit Its report to congress next Jan uary," said Mr. Bonynge, "and we are in hopes that it,, will meet with approba LIPMAN.WOLFE & CO. Style Submissive to Special Friday Prices Lipman, STORE CLOSED SATURDAY JEWISH HOLIDAY REOPENS 6. P. M. Wee Ones Column Wash Dresses $1.19 Selling Normally at $1.65 Child's wash galatea dresses, made of black and white stripe material, for girls from 2 to 6 years. In the long waisted style with box plaited skirt and trimmed with wide plain bands, in red and blue. Girls Dresses $1.19 Selling Normally at $1.50 Girls' heavy weight percale wash dresses, made in two dis tinctly different styles. One surplice effect, the other with yoke effect. Plaited skirts with scalloped side .trimming, also pipings. In tan, blue, cadet and black. Sizes 6 to 14 years. Serge Sailor Suits Extra Special $4.95, $5.95 Navy blue serge sailor suits, ither in one or two piece styles. Made with large sailor col lar and tie, scallop edge. Braid trimmings and kilted skirt. Sizes 6 to 14 years. Child's Coat $5.50 Children's cloth and cordu roy coats in box styles with turn down "collars and turn back cuffs. In tan, brown and black. Sizes 2 to 6 years. Girls School Coats Sizes 6 to 14 Years Girl's school coats in the box style, with turn down collar and re vers. Also sailor col lar and polo styles. Made with side pockets. In navy, brown, red, gray and tan mixtures. Prices $4.50, $6.95, $11.50 $12.95 . Children's Felt Hats Specially Priced $1.25 Felt hats for chidren, in red, brown, navy and gray. Made with rolling brim and round or pointed crown. Velvet band and bow trimming. Child's Hat $ 1 .00 Felt hats for children, in the Tyrolean shape, with silk cord and feather trimming. In blue and red.. Stockings 25c Pair Children's stockings of fast black cotton, heavy weight with fashioned feet "and nar rowed ankle. Full in width and length and elastic. Underwear 40c Of plain natural w colored wool mixed heavy weight in , vests, pantelets or drawers. Full size, strongly made and finely finished, f v tion. In the meantime the commission will be grateful for any suggestions and criticism that will have a tendency to perfeot the system that the commission will propose. ( Central Bank Wot, Applicable, "The commission has found that a oentral bank, while answering the pur pose perfeotly in smaller nations, would not meet the requirements in the United States. This because of the great dif ference In the banking laws in the vari ous states. If all the state had a uni form banking law then a oentral bank would solve the problem." Mr. Bonynge. went briefly but con cisely into the history of American banking up to the present time. There are about 25,000 institutions in the country, practically each for itself. He drew a brief outline of the many causes that lead to financial panics, chief among them being the lack of provision for redlscountlng commercial papers. In times of shaken publlo confidence the banker, he explained, Is unable or unwlllng to protect or accommodate his customers, although they may be perfectly solvent for the reason that this same banker has no means W hereby to rediscount the papers. He nal1 It leaves every bank for itself, as in 1907, when In many parts it became neces sary for them to issue clearing house certificates to tide over the difficulty. System at Fault. The fact that this was done, suc cessfully, but not strictly legally, he pointed out showed that the fault lay with the banking system and not be oause of the lack of wealth or re sources. In explaining the plan soon to be submitted by the National Monetary commission he said that It provides for organization of local banks, district as sociations and the head body, the Re serve Association of National Banks. State banks as well as national banks FRIDAY BARGAINS A Very Special Purchase of Fine Thread Silk Stockings at a Very Special Price 3P! Men's Friday Economy Sales in New Fall Furnishings Silk Knit (LQ New Fall cfc 1 Cfi Ties VyC Shirts . . . $ I . JU Pure silk knit ties in all the new combinations of colors for Fall wear. They come in plain and fancy shades in two tone effects with plain and Persian stripes. No short skimpy lengths but full regular made. $1 Wool Under-HQ wear, Garment i sC Men's Winter weight wool 6hirts and drawers, full regular made and sizes correct. Plain trimmed. Ribbed cuffs on shirts and , drawers. This is merchandise of merit and should be taken ad vantage of at this price. ter Coats . . $2.50 Men's sweater coats made of good grade wool, knit in the new ribbed style. In natural gray, with red, navy, or green trimmings. Large white pearl buttons. Friday Drug Specials 50c Pebecco Tooth Paste.. 29 25c Fink's Talcum Powder 18 25c Squibb's Talcum Pwd. 16 5c Cake Borax Soap, 7 for 25 5c Cake Ivory Soap, 7 for 25 10c Cake Palmolive S'p, 4, 25tf 20c Pear's Glycerine Soap 14$ 25c Woodbury's Soap 14 25c Japanese Rice Powder 12 10c Fluff's Moquet 8 25c Frostilhi 14t 25c Kohynoa Tooth Paste 1 50c Charles' Flesh Food...29 50c Melorose Face Powder 39 50c Melorose BeatgyCr'm 39 35c Talcum Powder 23fr 25c Graves' Tooth Powder 19 25c Bathadora Bath Pwd. 18f $1 Bathadora Bath Pwd. 75tf 25c Lyons' Tooth Powder lO 15c Eyebrow Pencils 9 10c Emery Boards. . 5 35c Hand Scrub Brush ....19 10c Epsom Salts .". 5 25c Bromo Seltzer 14 50c Phenolax Wafers 42 50c Haya' Hair Health . . . .25 are eligible to membership, although membership is not at all compulsory. However, he believed every banking institution-would soon see the benefit of being affiliated with the organisation. Bach local association would be com posed of 10 banks with an aggregate oapital stock of $6,000,000. The local associations would be organised Into 15 district associations which would be represented In the parent body. Offloera in Charge. This association would have 46 di rectors, six government officials from departments connected with the treas ury, IS selected through the district as sociations, 12 voting representatives se lected by the district associations and 12 elected from the commercial and In dustrial life of the nation to be se lected by the directors already chosen. This, system, he said, would positively keep the organisation free from control of any clique or faction, politically or otherwise. Mr. Bonynge then explained the re spective functions of the local, district and national associations. He said or ganization would in no, way alter the present system of transacting business. Things would go on as they do now, each bank and Its officials having com plete control of Its own affairs.- The national association would transact no banking business, but would simply act as an agent for the government. Any local bank owning stock In the organi zation would have the privilege of re rllscounting cbmmerclal papers In the district bank, redlscountlng being con fined to such papers as are oonsldered absolutely safe. An amendment suggested by the American Bankers' association, to the plan proposed by the commission, pro vides that any state bank having the same reserve as a national bank may be entitled to subscribe stock In the association. This provision overcomes L1PMAN.WOLFE& CO. $1.23 Usually $1.75 to $2.50 A manufacturer's sample of all black thread silk stockings in light, medium and heavy weights. They are all made with extra wide tops and double garter welts. Some are all silk some silk with lisle soles others with lisle tops and soles. A collection of worthy, well made, pure dye silk stockings, better than which none are made in America. These stockings would sell regularly from $1.75 to $2.50 a pair. Special for Friday $1.23. Men's new Fall shirts, plain and pleated bosoms. Attached cuffs and coat style. Made of madras, French per cale and Russian cords in all the new patterns and colorings. Plenty of sizes and sleeve lengths to select from. 50c Silk Lisle ffe.29 Sox. Pair Silk lisle sox for men in plain colors and silk clocks up the sides, in self colored silk. An extra fine quality with double heel and toe and elastic ribbed tops. All new goods. Plenty of sizes. NiSlwT'. Men's heavy flannel night gowns, full regular made and large and roomy. Made with military or turn down collar and trimmed with fancy white washable braid. Neckfixings Special 35c Selling Normally at 50c Side frills of fine dainty mulls edged with wide or narrow lace edgings and insertions with the front band to match. Finely plaited and tapering to a point. Also very pretty and fashion able Irish lace collars in the round, flat style, fastening in front. This Irish lace is com posed of the plain Irish mesh and four roses. A style suit able for both women's and misses' wear. the obstacle caused by the widely dif fering banktng laws of the various states. To make the system douhly secure, each bank oan only subscribe for 20 per cent of Its capital stock. A more elastic currency system is al so provided for, the banks to have the privilege to Issue notes, as have banks in all other great nations of the world, exoeptlng the Bank of England. These notes must be secured by a reserve of 88 1-8 per cent, the balance to be se cured by commercial paper. Hot Honey Making Plan. Mr. Bonynge explained that the or ganisation would not be a money mak ing proposition because all interest above a certain percentage would go to the government, the whole Inducement of making money being removd by limiting the percentage of earnings. A very Important matter to the peo ple of the west and the south, said Mr. Bonynge. Is the fact that plan provides that the rate of rediscount shall be uniform all over the country. In conclusion the speaker said the plan contains nothing revolutionary: that It will only mean the Improvement of the existing conditions by building around what the banks already have. If the commission's report Is adopted, he said, there will remain no good rea son for any business man to go Into bsnkruptcy if snlypnt. The tax on redlscountlng would serve ns a warning signal, and the public would at all times know exactly the financial conditions of the country by watching the rise or fall of this tax. Mr. PonynRP Is former congressman from Colorado, his home heln In Den ver. TTe came to Portland last night unon Invitation from the business men. who wished to become better acquainted with th proposed system. Mr. Tlnnyne left for Rpoksne last nleht -nbcre he FRIDAY BARGAINS Are You in Touch With Coiffure Fashions? If So, This Sale Will Interest You Your Choice, Madam, for $ 1 .78 Worth From $3.50 to $6 Each There is a great measure of satisfaction in presenting this sale when you are convinced that every woman who participates in it will receive such a bargain as to long remember the event Every comb and barrette offered is worth from double to three times the price on sale. There is nothing newer in hair orna ments nothing so practical and nothing needed to finish the hair dressing now in vogue than these combs. Barrettes In this vast collection you will find barrettes mounted with rhinestones and inlaid with gold. All styles, small and large. Strands, bands, classic waves, bars, in every size and in a won derful variety of ornamentation. Back Combs Wide and narrow back combs. Long and short teeth. Mounted with the finest quality rhinestone and inlaid with gold. Many of the designs and styles are copied from the 18-kt. eold patterns of the most exclusive jewelry's. Some are mounted with many colored brilliants suitable for evening wear. Broadcloth and Selling for $20 Women's strictly man tailored coats of extra fine broadcloth, in black, navy, brown and dark gray. Also of black cheviot. These coats are made full fifty -six inches long with semi-fitting back and single breasted front. Mannish notched collar and re vera. Two pockets and all lined with guaranteed satin. Perfectly tailored and finely fin ished. 1 Dressy Waists $3.95 Waists suitable for day or evening wear, in an endless variety of mes saline, taffeta, chiffon, net, voile, marquisette and lingerie models. These are plain embroidered waists, as well as elaborately lace and insertion trimmed styles. The colors are black, navy, brown, white, light blue, Copenhagen, al so in fancy stripes. Cotton Messaline Petticoats Special $1.50 New Fall styles 'of cotton mes saline and sateen petticoats in black or navy in plain colors. New Mouldings New mouldings embracing all the various woods are now in, from the narrowest to the widest widths, also in gilt, are now be ing' displayed and marked at low est prices. will address the busineae men this even I". - - ? -, i ' FOLEY'S HONF.Y and T AR COMPOUND if ' lit ! e nAi mtf nAiiinAn miviirm tati .1 11 itn.v . f ill 11 i DILI 1A1 Ml II lWirUI sV andSTUFFY BREATHING. Taka at first sign of a cold. Quick, safe and reliable. The Bee Hive on the carton is the mark of the genuine. Refuse sustitutes. Skidmore Drug Co., Two Stores Main Store, 151 Third St. Branch Store, Morrison and W. Park HOTEL UflRT SAII FHAIICISCO Geary Street, above Union Square European Plan $1.60 a day up American Plan $3.00 a day up New steel and brick structure. Evarr madam cenTenlaace. Moderate rata. Canter at thaatra and retail district. Oa ear Una tranafarring all ovar city. Elec trie omaibua maets trains sad teaaura. LIPMAN, WOLFE & CO. Wolfe & Co. Cheviot Coats The New Book ; By Author of "Poppy" "Virginia of the Rhodesians' 'V.-. '.: , - ' ' '' " STE