TIIC OREGON DAILY JOUKIJAL, PORTLAND, TUJXDAY KVlIIilMi, Al'iHL
FEAR JAPS 111 THEM
rHirhHtik. AK.Kka, April Jfl.Rfpoi'H
i tH.lKd l.-io UMlay of an. exritliiR war
urare In the-Tolkst river country Iwt
xwok ItolK'H rtonner sml William
Kpwnjy say that flt "6:30 o'clock Satur
day nu.rtiln tuoy Jicard a series "or
noises to the southward, lasting , 214
minutes, which sounuVdllke s. shIvo of
artillery followed by several volleys
from small trm. Othur vi ospeeiors
hord the noise ami decided that war
had broken, out and the oft-propiiesk'd
Invasion of Alaska by the Mwlito Miy
at liana, soring no kims n, "
ing host, and hearing htf more artillery,
it was decided the noise rnust have tome
FARMERS MORTGAGE
THEIR HOME TO BUY
".GILT- EDGE" STOCK
' , (Continued From Fuse One.)
mt-kPt rnreer of the tomfiany -fcrni'lally
ended by the distribution of its assets
nmnne its creditors, tven men me
t full operations of the promoters and
agents may not be known, because there
J sre many modest souls who swallow
their anger And pocke such a loss sl-
lently. . ' ' ' ' ,
. According , to Hodder, approximately
' $100,000 worth of the cooperative stock
'i was disposed of, half of which was sold
i for fash... The remainder wasxchanged
f for farmers' notes, which .were later
I discounted at the banks, merchandise
I and several stores which the company
purchased In Portland, Spokane and the
I Wllllamette vslley.
J Today the stock Is absolutely value
f less, according to Hodder. The stock
. holders will lose everything and : the
'J creditors may realize 35 cents on , the
dollar "' '. ' ,
, MUch of this stock, It Is charged, was
. sold by bald misrepresentation, some
J thing Hodder did not learn until re
f centlv, when he awoke to find the com-
pany was in debt about 183,000 after he
' had borrowed 112,000 from relatives and
' sunk , It, believing that the money
J would square all Its obligations.
? , r rwani Mortgagt Homes.
The agents. It is stated on excellent
t authority, went among ranchers or. the
1 Willamette vUy and In southeastern
Washington, for the most part, and
t promised prospective stockholders a re-
turn of 121,4 to 15 per cent yearly on
their Investment They declared the
I company was doing a business or $1000
I a day, that it owned the warehouse and
stock at East First and WdiBon streets,
I and wag on a paying basis. In fact the
concern was not paying, had not paid
X for Its stock jmd JuiHvOnly a lease on
1 the"warefiouse,Tris lIowNniaTgetf.
I The bait was too tempting, and many
t fell. Three, members of a family near
I Greshara mortgaged their farm for JS00Q
ana -jnvestea n au in cooperative
stock. Scores of farmers ' gave their
notes for sums ranging from $100 to
$2000 for the so called gilt edged paper.
; Meanwhile, Hodder, as president, Inno
cently 6. K'd. bills, while Moselle as
sales and Advertising manager, and his
I partner Knox, directed ithe little game.
Money poured Into the coffers of the
t company, , and the skies were blue and
i sunshine glorious for everyone In the
beautiful offices In the Selling building.
, - To Moselle and his shadow, Knox,
money apparently was as cheap as beach
sand. Ma Portland they bought an im-
plement house for $20,000 in stock)
I and assumed the co.ncsrn's debts, it 18
v said the company's assets were just
I about balanced by their liabilities. In
this case, however, Moselle et al did a
J good stroke of business.
" ' Then Hodder Woke Up.
1 At fepokane, however, they were not
so !uckv There, it Is reported, they
bought a store then on its last legs for
$60,000, paying $10,000 cash above the
invoice price, for the good will of the
company. It was then on the verge of
insolvency and now. in the hands of a
J receiver. One-third of the amount was
J paid In stock, and two-thirds in notes
and when the Spokane company went
to the wall the Cooperative owed U
I $23,000.
All these things Hodder found out a
few weeks ago, and realising he had
been duped) -he . voluntarily transferred
the company's assets to It. L. Sabln, in
an : effort to save something for his
creditors. This action was ratified later
f by a meeting of the majority of stock
J holders and ratified by the creditors.
An Inventory hows stock and mer
J vliandise here and in Spokane aggro
i gates $70,000, and some uncertain ac
counts and bills receivable bring the
i total up another 128,000. The apparent
J Indebtedness is $83,000.
. 1 Enterprise Was Ambitions.
Although tlie figures make a good
showing on paper, those conversant with
' the situation anticipate a creditors' divi-
k AnA rf 1K1 , 'Jt ...- ..,., .... .1,- ....
.mlnfatimtUn nn.l t I.
I goes through bankruptcy, even less.
As for Moselle and Knox, little Is
known of them. Knox was introduced
I to Hodder by Moselle. . Suave, a man
( of good address, Moselle met Hodder
through a . -wspaper advertisement,
i Hodder, with Henry Allen, fqrmerly of
J Eater, Or, had Just organised a $25,000
company to engage in the mail order
I business. . He was in search of an ad-
BURGLAR STEPS
ON PET CANINE
: IN RUNNING AWAY
A burgl'ir stepped 'on (lie pet
doilf of Mm. li. 11. Wakefield,
SSI' Belmont utreet.. ' ycHtoi'dny
evening when she retunieil honie,
frlghtcnlng tlin burglai' as much
'.Its he dog. itrs.-WakoflcKr.re-
turned homo about 10 o'clo'sk,,.
, entering the ttut of the Houre.
The fourglur Whs lnnld and ran ;
for the rear door. 'As he passed
. through the kitchen, the , wan '
stepped oh the dog, which began
yelping., The robber ran aroiind
the litHise and down the street.
Nothing was missing fi out the
home,' but Mts. Wakefield -f6und '
about SO recently planted rose
bushes liad.been PHHfi'from ttie
,
vertlslng manager when he'met Moselle.
The scheme appealed to Moselle',' who
proposed the organization ot the $3,000,
000 Cooperative Supply compuiiy, to en
engage In the same business. Hodder, a
young man of little experience in llg
business matters, left much .of '. the or
ganization work to Mosello and t Knos.
who later Joined them on t Moselle's ln
vitatlon. The ; Hodder, "yc'oji.tnanj-; 3was
then made the welling end of the'sclicme,1
and was to receive 35 per cent on all
sales . of )o"peratI ve stock. It " actu
ally received 15 per cent; however, as 20
per cent went to sales agents, and this
IS per cent was reduced to tfll minus
by the disappearance of various agent
after they had secured big advances
from the company for "expenses."
LECTUIiE RECITAL
1STBHIG
1 ,' , ' ' '
First of Operatic Scries Given
f by Bruce Gordon
. Kingsley.
The first of the series of lecture re
citals and music travelogues to be given
In this city by Bnico CSortlon Kingsley
of Los Angeles was held last evening in
the Lincoln high school. .'"Parsifal'' was
the opera chosen for lust night's nt3r-
talnmont and the entertainment con
sisted of .the display of 110 beautifully
colored views of scenes from the opera,
an Informal talk describing the scenes
and a number of musical numbers Inter
preting the various themes. -
The Views' .included. DaybreaJt'.Jn tlio
Land of the Grail, Ouernamam In Hia
Robes of Office, the Mystin Journty
Through tne Mountains, the Hall ofjlijs
Gralf. Angel Faces, the Magl(? fastle,
ther Spectral Kundry, Flowej- Maidens,
ties! ruction .of Klowef Garden, Return
of Parsifal, Sunset and Night " in the
Mountains, i Nearlng the Castle of1 the
Grail, Partifal and the Cliallce, Parsifal
the Perfect. Man.
.iTIie story was told In three sets and
with the supplementary pictures and the
beautiful music as giben by Mr. Kings
ley, the whole combined to make a most
inspiring entertainment. Mr, Klngsley's
second lecture recital will take place
this evenlng-at the sume place, "Faust"
hciOff interpreted. . : ;, ;
CHEER UP. MR. BETHEH!
YOUR FELLOW CITIZENS
ARE NOT "TIGHTWADS'
Salem, Or.. April 2!: George
Rpther. nrinclniil of the grammar
m i.rml flt Toledo, the capital, of
.Lincoln -county,' is a little suspl-
I'lflllH of the motive baik of the
infiiM.il i,f the Lincoln county.
officials to make donations to
"vitrinim I'Miises. The officials de-
i-iur tlie ini'iunt practice net
forbids them mukihg .'donations.'.,
I'rinHnnl llether Is uncertain
whether It dors, and seems to bo
harboring a suspicion that his
fellow eltijtens have elected a
'.gang of tightwads to; office. ,
Anvwnv. Bether has written to
ii.. ntrninpv iron era I for an opln-
inn 1T wants to know If the
mrrnnt jiractlces act really pro-
hlhlts an official from making
ilnnstloris. - Assistant Attorney
General Van tlnkle advised him
that it does, from the tlmo a
tierton becomes a candidate until
he leaves office,
TO EXPLAIN CHARTER i
' TO IRVINGT0N: WOMEN
' A meeting of the Parent-Teachers' as
sociation at the Irvlngt'on school will
be held tomorrow afternoon at 3 o'clock.
Attorney, Albert Rldgway will discus
tho nrnnnupd commission charter, not
from an opinionated standpoint, but to
ntorm the women as to wnai me mtw
of the charter are. A general .discus
sion will follow Mr. Rldgway a remaras.
ititotmccmcnt
We direct the attention of every, man and woman in Portland and
Oregon to the fact that our entire line of "Indestructo" Baggage is
now being sold exclusively in that territory by Meier & Frank Co.
.... " ,..
..; ; . . --. v .!-,..'' .:;.-""..;.''' .s '. .U , V, ; ..,.-:, ....,'..
It is with great pleasure that we make this announcement, as we
feel certain that to the people of Oregon.the name Meier & Frank
Company , means in dependable merchandising what "indestructo"
J3jggagejneanloxperigjixedkayelers,the, world over.
In explanation we wish to 'state "Indestructo" Trunks are guaran
teed for five years against
Theft Loss
Breakage
Fire
Destruction
and any man or woman who has ever purchased any "Indestructo"
Baggage that has proven unsatisfactory in any manner whatsoever,
regardless of where purchasetrrwe respectfully request that such in
stance be made known to .Meier & Frank Company, as that com
pany has been authorized by us to immediately adjust to the entire
satisfaction of the owner any -and all such claims, from whatso
ever source. '
; I We know that it, will be of great interest to anyone who even
- contemplates a trip by rail, stage or steamer to inspect the complete
line of "Indestructo" Baggage now shown by Meier & Frank Com
pany, of .Portland, Oregon.
National Veneer Products Co.
Mishowaka, Ind.
rti"v
JNDESTOUCTQ
Makers of
"INDESTRUCTO" BAGGAGE
i i . ' I
, tua J
w
11 OGllLUJiJ!
u M
( 1 1 L
'THE NATIONAL WEEKLY
Colliers now sells at 5. cents "per'copy formerly 1 0 cents.
New Date of Sale
Collier s now comes 'out on Tuesday formerly Thursday
New Method of Distribution
Collier's can now be. bought at news-stands formerly
, sold byi subscription only. -
New'StoryEdihr;
Collier s has engaged Miss Viola Roseboro, whose ability to
choose stories needs no mention to the story-loving public.
Miss Roseboro's First Selections :
The Girl Who Proposed .
By Marianne Gauss
This, the opening story of the first five-cent Collier's,
is especially a sincere and touching love story, but it
is also a character story and, in a very human way, it
touches a very human problem,
Paddy the Gander -
S .. . .
This is the first story by an American girl of whom
Seumas MacManus has said that she is the only out-
aider of the day who understands the "Old Country.".,
Honor of the Station
By Afagda Leigh
Love, duty, sacrifice of these high qualities is honor
made. And as the greatest of these is sacrifice, so the
most human is love in this case a woman's love, a
. young mother's love, a young wife's love. "Women
and children, first," is the old cry of the sea in her ears
. as she presses the key of the wireless instrument But
whose woman and whose child ? And honor answers.
First of a Series on E very-Day Americans
By Peter ClarkMacfarlane
The President' Silent Partner" is the first article
of a Big Series of personality sketches of every-day
Americans men and women who, all in a day's work,
" have done the things that fell to their hands to do, and
who, by that very doing, although unconscious of the
limelight, have become the dramatic figures on life's
stage. The editors of Collier's are confident that these
articles will make the most popular magazine series of
the year. The subject of this first article is the most inter
esting and important unknown personage in America.
Alfin Colliers Weeklyjust out
On Sale at Your Newsdealer's Every
Tuesday ' Morning
c
One Advantage in Buying a White Motor Truck
is inAT, as your imslnrss prows, you ran ' nrur Whits Trucks
ttiiuho Bje iuiHjren wua in voiums or otisinesn you are aolne.
Thus you are able to kerp your equipment uniform. Let tiff prove
THE WHITE COMPANY
JS. W. Hill, Kgtl : . 69 Broadway.
xn to. Bpsis.ss District for Tonr OonYsulMot.
The Bank of Personal Service
' We try to make our service perfect and appre
ciate our attention being called to any particular in
whicji it may be improved.
We 'invite your account, knowing our efforts
..will assure both. pleasant and profitable relations:
Mowing
the lawn
a real pleasure
with One of these high-grade, easy-run- ,
' ning, sharp-cutting
"New Americus" Mowers
' from the Oregon Hardware - Company. .
Full ball-bearing j tcmpercd-stcel blades.
; ' ' ' -
10-inch' size, $10; 16-inch size, $10.50 -
Agent for Keen-Kutter Lawn Mowers.
Bowers' Guaranteed Crack-Proof' v ";
Garden Hose. - ' .
stj
Do Not Pose
As a Philosopher
But in my many years of tailoring
experience I've noticed that satisfaction:
is half the garment.
That is why I'm so "particular" about the ;
..fabrics I buy. , ' j
That's why I hire the best cutters ' that i .
money can get. ' : - ;
That's : why I buy the best linings, pad- j
dings, hair cloth, buttons and even thread.
And then insist that every tailor in my shop
shall be a top-notcher. , . 1 ,
Made :
to
j Z-j Order
Spring
.
Summer T
Suits ,
1)
I am now showing over . 2000 of latest
spring fabrics and patterns. - - '
Now's a good time. to 'order.-.
Merchants Rational Bank
' ' "" W" -M W "L . MHwfete &
wmm
Founded 1886
VYashington, and Fourth St.
Merchant Tailor
Cor. Sixth end Stark
TAXZV rKpM Lirs
t-,.
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