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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (Sept. 23, 1913)
f.llLUQNAIRE CLARK'S TO OLO GREEN GOODS ! Deluxe Editions, Old Southern Pictures and Statuary Prove . Profitable for Sellers,, f (Special to Hie Journal.) J Chicago, 111.. Sept. 23. The big: prof I Its mada In the sale of green goods to -srmers and "de luxe" books and "art" T : o millionaires are arrived at In about ' i the same way. This is shown by con- tracts yielded up by the "trunk' of the J. secret" In the Tomlinson-Humes com i tany bankruptcj proceedings. J- " By skillful appeal hi the same time to the "artistic tastes" and Itching pockets I of millionaires, the sellers of 'de luxe" - books and "art" were able to tie their customer up Into a partnership through the form of a contract by which he was to retain the real gems of the col- . lection, but still make a profit through the sale to some one not gifted with such keen perception of the culls and spurious works In ,the collection. The lartnara who buy green goods also ex pect to reap a large profit at the ex ponas of their "Rube" brethren. The enormous profits yielded to the men conducting1 this endless chain of .''art" and "de luxe" book sales are re vealed as the investigators delve deeper Into the wonderful trunk. A set of ; books or a picture was' sold again and j- again, the price increasing with each "' f sale, and seme of the men brought in t. on this endless chain of sales never j sven ssw the books or paintings from 5 which they took, or were supposed to take, profits. r Xomaaeo In First Deal. One -of the first big deals, of the Tomllnson-Mumes confederation in the - sals- of paintings, marbles and bronzes, came almost as a windfall, and after Its big profits the "de luxe" book sales had. little appeal except when large urn were Involved. There was a touch of romance in this first deal, and the . manner In which it was put through throws the clearest light that lias yet been turned on the Industry of bringing tip millionaires to appreciation of art and literature. . Some CO years ago a scion of the fa mous Calhoun family in Alabama, whose tastes ran to art, married a daughter of the Mederlth family. There was art in the ' Calhoun home and art in the Meredith home, of which the bride of Calhoun was the chatelaine, and on their bridal trip to Paris young Calhoun added a number of works to the joint collection. Then came the war and the ruin of the fortunes of the houses of Calhoun and of Meredith and .finally the disman tling of the mansions. But gentlemen never sold their works of art and until his death Colonel Calhoun held to his treasures. Then his widow held them until her death, and then they came, j with other effects. Into the hands of a 1 lawyer named Humes, the family coun- i sellor and chief creditor of the Cal- j nouns. Humes never disposed of the j collection, and it passed to his widow - at his death. It was the chief part of ! her legacy. j Vephew Comes From Chicago. There cams to visit Mrs. Ella e Humes, in the first days of her wl.dow : i hood, her nephew from Chicago, W. V. C. Humes, who had been associated - with Tfurhtrt TnmKnsnn In tha ma l a nr editions of the favorite authors. This j was In the year 1910. The nephew 'learned of his aunt's legacy and had J an opportunity to view the Meredith-.i-Calhoun-oolleclioiv He- knew that- his I aunt wished to dispose of the collection I granted, and Mr. Humes 'was privileged ? to purchase the 30 paintings, the mar ..jbles and bronzes for $20,000. lie told his aunt that he would have to share any profits and she was glad to know f that lie could buy the collection and make a profit. ; Humes returned to Chicago and inter- ested Tomlinson, and they both went to j IjOS Angeles end interested Eli P. Clark, j tho multi-millionaire art collector. The , three then went to KuntsvMei Ala., and ; j While there filtered into the remarkable i agreement shown by a copy of h con it ract dug up from the seetnlnglv in I exhaustible trunk and dated Huntsville, October 24, 1910. I ' Goes Up 200 Far Cant. By thia agreement Mr. Clark became , tho purchaser of the Mercdith-Calhoun : collection at the sum of t6fl,ooo. which ;wa a first rise of 100 per cent above , tno option price obtained from his aunt by Mr. Humes. This was but the first. , step In the agreement, however, for1 such a slight profit was not to to ' t- thought of as a final word In the dls-1 possi of the collection. What Mr. Clark got by the deal wa , .Six pleees frotp the collection and a ! partnership agreement to share In tho: profits of the sales of the balance of. itbo works. A purchase price of $87,300 I Wen fivttA nn tli. Ihr Tomlinson and Humes in thoir effort to Interest Mr. Clark in its purchase, and by a clause in the contract Mr. Clark was to have his pick of the col l lection for his private ownership of I. works aggregating $.10,000 of the $87,300 .purchase price fixed to him. or sggre gating 166.000 of the $191,300 selling price nxea ny tne agreement between Mr. Clark and Tomlitison and Humes, by ' which Tomlinson was to sell the bal-1 ance of the collection for not less than I tho selling price agreed upon unless by written agreement with Clark. Torn- llnson was to be allowed 60 per cent of! tho selling price for disposing of the! ' works at tha highly advanced figure, aiT anything Qh(ajnrd above the se'tV ' :.; lng- erica agrefd upon was to be split' 60-50 between TomllnKoit & Co. and Mr. - Clark. Tomlinson was to have two ( , years In which to dispose of the works ' of art. Row Clark Cam la. : Tomllnson-Humes are said to have arbitrarily fixed the purchase prices Which they quoted to Mr. Clark and showed him how he could fix the sell ing price, keeping part of the collection and still make a profit. The aggregate 1 purchase price fixed to Clark whs ' S7.800, a raise of $67a00 from the! option pries of $20,000 obtained by' Humes. The selling price in aggregate wss fixed at $191,300, a rise of $171,300 1 above tha actual option price, and of, $104,000 above the purchase price arbi trarily fixed for Jfr. Clark when he was brought in to purchass the collection, j This interesting transaction reached! this stags: Humes gets option on col lection for $20,000. Bells it to Clark' for I40.00O. First profit to Tomlinson 1 and Humes, $40,000, Selling price of collection fixed at ttAl.ftQO. Less work retained by Clark, $64,600. Selling price! of remslnder, I12S.800. ., Tomlinson's profit on above sates, $'.3,40. First profits for Tomlinson- ! li'jmes, $40,000,. Total profit for Tom , Imaon-Humes, 103,400. . t'lark i profits on sslcs, $3,40O; Pries Paid by Clark, 190,000. Clark's cash profit, IJ400. ; :iark also gains six pieces from the collection wila f. selUng price of $44,600, BROKER'S DANCING WIFE IS SUED FOR DIVORCE Ool( Pmis Leaned WIrs.) Chicago, Sept. 21. Charging thut she has been unduly Intimate with her Span ish dancing partner and with others whose names he does not know, Freder ick Von Frantzlus, a millionaire broker, has sued for divorce from his wife, "Saharet," the dancer. .. ' Von Frantzius married "8aharet" June 23, after following her through several countries for two years. He says she promised to quit the stage when she re turned from an European tour she was on at th time of the wedding, but now she refuses. "Sahartit's" real name Is Clarissa Saharet Hose. She arrived in this country from Europe two weeks ago, accompanied by Jos Forldo, a Spanish dancer who appeared on the ataga with ner, but aid not visit tho home her hus band had prepared for her, putting up at a hotel instead. All efforts at recon ciliation failed. Deputy sheriffs watched for hours at "Sahaiefs" hotel and at the entrance to the Palace theatre, where she was billed to appear, to serve her with notice of her husband's suit, only to learn that she had taken a train, for San Francisco, whence she will sort for Australia to fulfill a series of engage- memo. v OREGON WOULD LOSE MUCH BY REFUSAL TO OPPROPlTIOf GRAr Milton A- Miller Declares That Approval of. Referendum Would Drive Students Away FARM ACCOUNTING IS SUBJECT OF TEXTBOOK With a view to furnishing a simple and complete textbook on the principles of bookkeeping and farm accounts, J. A. Bexell. dean of the school of com merce, Oregon Agricultural college, and F. G. Nichols, director of business edu cation, department of public instruction, Rochester, N. Y., have prepared such a volume. Following the theory outlined in the preface of the book, that "farm accounts must be simple, easily kept and readily understood to make them effective and practical," the text has been made elementary enough for any one to understand. The book is divided into two sections,, the first bslng prin ciples of bookkeeping and the second takes up the subject of fsrm accounts. The book is published by the American Book company. Halsey Postoffic Raised. Washington, Sept 23. The postoffice at llalsey will become an international money office October 1. Milton A. Miller, collector of internal revenue, has given warning to the peo ple of Oregon that if by their votes they approve the referendum on the univer sity appropriations next November, the young men and women of this stste will go elsewhere for higher education the states of the nation in matters edu Icational will be lost. Before the Ad club lsst Wednesdsy he squarely stated the situation, saying: "Curing the past six years, the attend ance at the stata university has in creased about 100 per cent but during that time there has not been erected a single new building. They ask for $1J0, 000 for an additional building which is absolutely essential and necessary to meet the requirements of the institution. Seventy-five thousand dollars Is for im provements and additions to other build ings. "The amount asked for is the lesst possible minimum that the university can get along with. There la nothing asked for but what is needed. Young men end young women are leaving this state today for a university education because the accommodations at the state university are inadequate to supply the demand. BUta Pride Should Xxlst. "Certainly we ought to have enough state pride to maintain our university upon the highest plane and educate our boys and girls at home. This is true and no one csn deny it, that young men and women in this democratic country of ours will seek higher education.. If Oregon does not furnish this, they will go elsewhere to get it "We have a state that Is out of debt with wonderful resources and great pos sibilities, offering every inducement for more people to come and make their homes with us and certainly ons of our strongest assets would bo that wa have a university equal to any other stats In tha Union. "At tho last session ot the legislature1, we appropriated $178,000 to make a dis play at the San Francisco fair in 191B. We made this appropriation for tho pur pose of showing not only to tne unitea States but to the world what ws can do. Certainly we ought to glvo our univer sity as much money as wo appropriated to display our products. "Thousands of people, perhaps mil lions, will visit tha Pacific coast in 1915. They will either come or go through the areat stats of Oregon. They will ask about our. educational facilities as well as others. Certainly wa ought to be able to say to .them that we are main taining a stata university ana mat we offer the best of educational facilities.'' Comparison Is Mads. In speaking of appropriations ho read the following report showing what oth er states are doing for their state uni versities as compared to that .of Oregon: Total worit- a v. par ing income, capita cost per student. Illinois . Minnesota Missouri . . . . Wisconsin Indiana Iowa Kansas Washington , Oregon .1911 $1,560,040 1,806,800 853,394 789,449 389.878 649,328 602,889 382,818 163,000 $819 $11 437 183 816 281 178 17T The Oregon Higher Education league, of which Collector Miller la a member, has inaugurated a vigorous stats wide campaign to save the university appro priation and it is lntsnded that every effort shall be made to define the pres ent educational situation. JAPANESE AND CHINESE CLASH AGAINST HARBIN Shanghai, Sept 23. Japanese and Chinese clashed on the Eastern railroad near Harbin yesterday, according to dis patches received here. It was said tbat several were killed. a Feeling between the two countries Is growing increasingly bitter as a reault of the severity of Japan's claims; grow ing out of the recent accidental killing of three of the mikado's subjects during a riot at Nanking. These Chinese accuse tho Japanese of trying to find an excuse for a big territorial grab. London educational authorities have decided to place motor picture machines In a number of public schools. Efy - ' s Business Men 'mmj ' A simple lunch "; ' 'Hlll'l' t mW? f. III ' including J; . ' fecsl ' brardeOis Ground Chocolate will mein the most efficient afternoon's work; Aside from making a most tempting and delicious noon-day drink, this beverage is light, nourishing and digestible just exactly what the mental worker requires. Try a cup tomorrow you won't hare a dull moment afterwards.' Ghirardellfs "Tho bad to choosa Costa loaa to uso." D.GHIRARDELU CO. Sin eo 1652 noE Lzji; c w Ask any of the hundreds of satisfied readers who secured sets last week as to what they think of the books. FIVE BIG Volumes fior SP 8 Sold to Every Reader of This Paper for $1.98 upon presentation at the office of Hie Journal of One Coupon appearing daily on another page of this paper. 'MM ill J 511 i J mssammm mmxs&mtm mm&msms ssass zsmm wmmm mmm mm iillis! The Saving of $10.02 ori this set would pay for TTie-JournaLf or over Three-Years.- i OUR GUARANTEE Wo positively guaran tee to refund the amount raid by any reader who finds sfter receiving Everybody's Cyclopedia that it is not entirely satisfactory and as rep resented. THE JOURNAL Get This Set for Your School Children A SET OF MODERN REFERENCE BOOKS with beautiful Colored Plates, Full-Page and Double-Page Engravings, Educational Charts, Etc, for One Coupon cut from The AQ Journal and JLatQ Most Useful Set of Books on Earth Mail Orders The sets are too bulky to be sent by mail, but out-of-town readers can havenhem for the $1.98, the set to be sent by express, shipping charges to be paid by the receiver. From . The Oregon Journal to Its Readers ra iBP' ..." ' ILLUSTRATION OI BEAUTIFUL SET r s