THE! OREGON SUNDAY JOURNAL, PORTLAND, SUNDAY MORNING, NOVEMBER . 9, 1013.
EM CIRCULAR IS
IC Bf tlVESTIGATEO AT
GOVERNOR'S REQUEST
Mayhap Jhat: Corrupt 'Prac-
. tices Act Was Violated in
Local, Option, Election.
, ib1a Annas nf Tha laBtall.l
Salem, Or., Nov. I Governor West
trutnv rMuitd District Attorney J. F,
Stewart of Toledo to Investigate Into
the circulation of a certain circular
during the .local ; option campaign at
Newport, with ..tlia Idea i of bringing
prosecutions for violation of the, cor
The governor forwarded to the dis
trict attorney a, copy of the circular,
hich was signed by six Newport oltl
sens. y The circular atated that reliable
Information waa had that the Newport
council had delayed waning us lax levy
until after the' local option election.
ir h tAn . vm( . wet the lew
would be 6 mills, and if It went dry the
levy "would be 19 mine, .v.; 1 t -
"In view of this contemplated action
by . our council, ahould not every - tax
payer hesitate before placing another
burden on , hia already - overburdened
eliouldersr reads the circular. . :
Governor West cited sections 151 J
and 3515. which provide that any person
who Bliall directly or Indirectly make
use of any i undue influence on any
voter. . tolates the corrupt . practlcea
act. S- y'; '-
-Section of said law makes It
the duty of the district attorney, as
aoon as notified of any violation af
thla act. to make diligent Inquiry Into
the facts of such violation, and If he
finds - there la reasonable ground for
prosecution ' such ateps shall be taken
by him." says the governor's letter. "I
therefore ask that you kindly look in'.o
the matter and take such action aa In
your opinion the findings will war
rant." ,
CURRENCY BILL
Albany is Host to Members of
Group No, 2 Following . '
, , ;';," Meeting, '
Albany. Or.. Nov. I. Meeting here
today, 60 bankers of groups No. t, of
the state bankers association, held Its
regular business session and discussed
the proposed currency', bill. Many of
the visiting bankers were accompanied
by their ' wives y The meeting 1 was
opened at 10 o'clock. - Dr. F. H. Gesel-
bracht, pastor of the First Presbyterian
church gave the invocation, v A. O.
ttchmitt, president of the Albany Clear
ing House Association, gave the address
of welcome and C. E. Hawkins, president
of the Lincoln County Bank, Toledo,
1 responded.
The subject of the currency bill was
Introduced in an addresa. "An Economlo
Menance and the Way .Out", byjOrton E.
Goodwin, secretary of the Oregon Equal
Taxation League, of Portland. .He also
lead the discussion. - At the conclusion,
the meeting adjourned to the Hotel
liamrnel. where the visitors and their
wives were guests of the local bankers
at luncheon.., At S o'clock, the bankers
attended the Oregon ' O. A. C football
game in a body as the guests of the
Albany Clearing House Association.
In the morning during the business
session the visiting ladles were guests
at an informal reception at, the Hotel
llamnel. A number of Albany matrons
- were hostesses. -
U W, Hill, cairman of board of , the
Great Northern railway; J. M. Hanford,
president : of the Northern Pacific;
George T. Reid, assistant to president
of the Northern Pacific and Secretaries
B. W. Costello and J. F. Wlnecke, are
guests of the Portland hotel. Pierce
Butler, a prominent attorney.' of St,
Paul, is also with the party, y,
V yy:,-y!-rvyy:.;.y a ;,..,y:,y'
' Victor P. Moses, county Judge of Ben
ton': county, - passed through Portland
ytbteidaty on. his way to attend the
National Good Roads association Jrf 8t
lAu5a. November 11-15. as Governor
West's appointee and Oregon's only del
egate at the convention. "Federal aid
in road . building and the reasons for
urging it before congress along some
wlrnt the lines recommended by former
Senator , Bourne, will be a subject of
prominent consideration at the meet
ing." eald Judge Moses, who expects to
spend three-weeks studying road build
ing methods in Iowa, Missouri and
Tennessee.' "I want, to aee if they have
betcr . roads - there than In Benton
, county;" y-'y;1""
' : V"fl. : Y,r-, i '''
Miss 1 Bernard of Olds. Wortman &
King, hus just returned from her sec
ond trip to New York, since August. Dur
ing her visit alia devoted considerable
time ' to studying styles at the Horse
Show and various fashion shows.
-i J. 11. Green, an attorney of Tacoma,
and wife, are at the Imperial.
vr. N. Barrett, an attorney of Hllls
boio, is a guest at the Imperial, with
i Mn famllyy ,
C. -A. Watson, Paclflo coast manager
of the Standard Oil company. Is at the
Itnnarlal,. from San Francisco.
II. 8. i McGowan, a cannery man of
McGowan, Wash., Is stopping at the. Im
perial. y v:'y;:i;-"';;A:y
J. Marshall, a business man of Asto
ria, Is a guest at the Perkins.
George B. Bell, a business man of Sub
limity, is registered at the Perkins.
S. E. Watkins. of Newburg, Is regis
tered at the Perkins.
J. J. Hill, the railroad magnate, and
several members Of his party, art guests
at the pregon.fv84'v,ry ,'.'...,,,..,
C. B. Johnson, a railroad man of As
toria,, Is a guest at the Oregon.
Charles V. ;.petsrson a,nd O, W. Ash.
by; business men of Tacoma, are stop
ping -at the Oregon. !.:-. '.;... 'i,-f-'
li. J. Bleeoker, vice, president of the
Washington Water Power company, and
Mrs. Bleecker.i are registered at the
Portland from Spokane. -v.--v'.'
Miles C Moore of Walla Walla. Is reg
Istered at the Multnomah. - y
John Rogers, a banker of Fernle, B.
C, is atopplng at the Multnomah. y
James Flnlayson, a merchant of As
toria, la a gueet at the Multnomah. .
li. J. and JX Perley of Henderson.
Iowa, ar atopplng at the Nortonla. v
. .1, Hardin of Beattle,. Is registered at
thf Nortonla.. - .iy5:,,.; v: ';.y
?. IL Uarrlson, a business man of
I'lUHburg, is reclstered at the Nortonla.
C A. 11 ux table and wife and H,. H.
BANKERS DISCUSS THE
m
tRrincipaJlveJ)bm Tetcme.
TRAFFIC CONDITIONS
IN NEW YORK CITY AS
CONGESTED AS EVER
lief Looked for Because of
Astounding Growth of .City,
IHt thji International K,WI AftrrlrA.t
Kew York,' Nov. s.Big figures and
big things always interest New York
ers despite the fact that their , little
old Manhattan is - the. home of big
achievements. L.ast week the election
returns satisfied y, the craving of the
most ardent : dopester. but there are
other figures available to fill In the
odd moments. . s t . -
For Instance, 827.471,61 people roue
in the city's subways during, the fis
cal year . Just ended. According to the
Interborough Rapid Transit company.
24,497,654 more people rode In the tubes
during that year than in the year prcN
vious. xna natural question arises as
to why that should be so.- . Where aw
they come from?. Was the populatlou
Increased so astoundlncly . that the sub
way was" compelled to carry 24,000.000
more people during the past year than
the year before I Of course the popu
latlon did- increase, and every new ad
ditlon to the millions already here
meant that that addition would in
crease, the subway sale by so many
more hundreds of tickets tv year. Th4
total , of new arrivals In Manhattan
brought the extra sale of the tickets
up to the 24.000.000 figure. ; y . -y
Before New York had the subway it
managed to worry along with only the
elevated railroads and the surface cars.
If one wanted to get to, Harlem In a
hurry one took a Ninth . avenue ele
vated express and was there in. a half
hour. If one wanted to get to the
Grand Central one took the Third ave
nue elevated local, train and changed
for the shuttle car at Forty-second
street That . took about SO minutes
or three-quarters of an hour from
Brooklyn bridge. . yj : '.i
Now one jumps Into the subway at
Brooklyn bridge and gets out at the
Grand Central 10 minutes later. In
the days before the subway the elevatel
was also crowded and , New , Yorkers
welcomed the opening of the subway
In the belief that traffic now divided
betwen the underground, the surface
cars and the elevated would mean lit
tle crowding on any of them, " They
were mistaken. . The elevated Is as bad
ly crowded , today as it ever was. To
get Into . subway express during the
rush hour Is almost Impossible of sa
compllshment, and to attempt to board
a surface car in the shopping district
at 6:30 p. m. la extremely dangerous.
Will New York's transportation prob.
lem ever be solved? Doubtless In the
distant .future the aerial expresses run
ning to Westchester .county , will be as
Jammed as are the Harlem expresses
In the subway today. . v
MARSHFrELD POLITICIANS
READY FOR CAMPAIGN
y' - -x
' Marshfteld, Or., Nov. 8. This was
the last day for candidates at the city
election' December 1 to file petitions.
F. E. Allen and Carl Albrecht, both
councilmen how,, are the only candi
dates for mayor, who have filed. Dun
can Ferguson, Arthur McKeown, J. Vf.
Hildebrant and A. J. Savage are can
didates for councilmen. The Socialists
will have three candidates for council
men, Aleck Johnson, John Farley and
Mrs. Cherry . Wright, . wife of Ben
Wright, , a blacksmith. . .
v t v Falling Tree Injures. . . -"
Castle Rock,. Wash;, ;Nov. 8. Frank
Pltchford. a hook tender In a logging
camp at " Silver Lake was aerloualy In
jured today by being struck by a fall
ing tree. His right shoulder was
crushed and his side was . badly hurt
He was sent to Portland for treatment
Huxtabls,of Hastings, Neb., art guests
at the Nortonla,
A B. Gordon, mayor of Newberg,
stopping; at the Cornelius.
J. B. Lindsay, a business man
Spokane, Is at the Cornelius.
Mrs. J. H. Webster of Chehalls
registered at the Cornelius.
E. W. Leslie, an automobile man
Los Angeles, Is stopping at the Oregon.
George Romney and W. W. Rlter, hotel
men of Salt Lake City, are guests at the
Multnomah. . "
Dr.- O. W. P. Snyder, a physician of
Chicago, Is stopping at the Portland.
y Mrs. 11. H. Kidder, whose husband is
the owner of the Rim Rock Ranch at
MaryhlU. Wash Is registered at the
Portland.
Among the Oregonlans registered at
the Portland are Mrs. George Flavel of
Astoria, WO. Bullock, Salem; Mrs. J, O.
Mack and Mlas M. G. Mack of The
Dalles; JMrs, H. 8. Mitchell and Mrs. li.
H. Mitchell of Wauna, and Mr. and Mrs.
C. Powers, of HUlsboro. ,. . ' -Congressman
A. w. Laf ferty Is regis
tered at the Portland, having returned
yesterday afternoon from Washington,
D. C.
STEAMER PLEIADES RAMMED IN COLLISION
.
j n V: & - r. v : i . ; v M V "i 4 i
y i vt, ;:t ? ft, I-'"- XX't. ' - ltl ' 7 ' I I - ' 4 i
' I, 1 J '
1. : '
v. v ' -r: y
;, V jX'-y
.v-' i " J- - --imi,iIi..jh iii , m,,... w..j)iiiji.:v, !w.i.mi irv...;:.,.'..H.W,,WM...viMli J
JtfrSrKrt J;. !""' '" ".'""V-., ';,.'U1)I1. i""i.J-Ji t i upyuiHi j,..l.,'..ihiiu, ft.HU j.jJt;:
' - ' j ' ' ' '.''' i i ' I i .A '! ' ii , ' ' ' ' 11
';-y;'';y-'-y;yy- v I- y y;; yy:- l: .' ' yy-.V -'V;., .v;.;y -j- -. ;
': v--, .;' -,- Jy,-- r A -j :.'".; y. .-. ;'. '
v...- -v. r.'..:; v'-: "rv. ,y - " ' ." v -;" " ' .; : ' .
PRESENT BONDING SYSTEM ,
' COSTLY LUXURY TO CITY
y'y issue
1901 I -
StlPaSMKO
' 373J6bU
1303 I
. 1904 l -
75,37
Q
&IS,34
a ,
9ia407C
1905
1906
1307
855,40711 - ;
0-'' - v '
O . v
1903
a : y .
1909
CZ3 ' ' "
9i0 fSS-'40" ,'.
1911 VCZ :
9
ton 7032,OI3 &
' TOJIA.Y3I 1,7" mi n -
i
' n AMOUNT Or COMOS ISSUED 51NCE APR. 1901,
Q . f m - RE0EEMEDUPTOJULY3.I9J3. -O
- OtTSTAH0INGATcN0OTErV:HYR.TOJUL3i1l9ia. .
l20.8bO.l05S W fWMEHT Of WT OH CONTRACTORS WORK. ' ; c r
97,969. A HANOLIMS COUECT10NS fWM PROPERTY OWMEBS; if
.35.049, or INT. ow MONEY ADVANCED TO PAY IsrfcHQ IHTohBONOA
fA63.097- ABSOLUTE UOSS-8? OnBCVDS REDEEMED TO JULY3I, I9l5i r ;
Showlnff the Improvement bonds Issued since -April, 1901, the amount'
of bonds redeemed since that date, and toe amount or bonds out
standing at the end of each, year frorri 1901 to July 31, 1913. Also (
the amount of money lost through placing-. sinkings funds ; on de-.'
. posit 1n banks at 2 per cent interest,! the amount of interest paid
on contractors warrants, and the Interest on money advanced from
the general fund to meet Interest payments on bonds. .
On July 1, im, the city's Improve
ment bond sinking fund had $910,097.6$
an denoslt with Portland banks. Thla
money. V nearly a muiion aouars, .,, -wss
drawing 8 per cent Interest "
Against this sum, improvement oonqs
bearing 6 per cent Interest were out
standing. Portland - was paying S pes
cent on nearly' a million dollars of In
debtedness, : while : the money waa on
hand to discharge the debt." -"'-
Portland was losing 4 per cent inter
est on the full amount because of an In
sufficient charter provision regulating
the retirement of Improvement bonds.
During the past three years an aver
age of $769,345 improvement bond sink
ing funds - has been ; on deposit witn
the banks, drawing J per cent interest
During the past two years the average
bank deposit has been $925,000. During
the ' same periods bonds which these
bank deposits should have redeemed
were drawing t per cent Interest
City Mas tost Heavily.
Since the . improvement bond provis
ion has been in effect, April 1, 1901,
the city has lost $97,960 because of ex
cess Interest Imposed by a charter pro
vision preventing immediate retire
ment of bonds v when money .became
available In the' sinking; fund. .
Binee April . 1. 1101. mismanagement
of the Improvement bond system, a. mis
management not chargeable against of
ficial a but against a-4nadequate sys
tem, has cost the city $263,097. Of this
amount, $97,960 was due to excess In
terest as stated above. Interest : paid
on contractors' warrants added $120,860,
and Interest on money advanced from
the general ' fund to pay the first In
terest installment on bonds added $35,.
048. , . :
To get the city from under this sys
tem of bad financing of local improve-!
Polats of Slffenaee Between. Present Bonding Act and Proposed Amendment
to Charter for Bonding Assessments, to be Toted on Deoember a.
Present Bonding system.
Applies only to -assessments
. . street and sewer.
for
Applies only to assessments amount
ing to $25 or more. ,
Property owner must bond within ten
days after notice of assessment.
Payment is made in ten annual In
stallments. City can Issue bonds only after as-
sessments have been bonded.
City cannot pay contractor until work
it completed.
The city must redeem consecutively
by number at semi-annual Interest
, raying dates. -
No penalty Is provided in case
property owner falls to pay.
the
No provision Is made for a popular
issue. . tj ,
: UTSTAMIlHS i
f 7ft27sA ,
-
-I59.H, , '
i
n
0 -
D ' vt 1
53
I
ments the commissioners have proposed
a : charter- amendment,' suggested by
Robert G. Dieck. If adopted by the vot
ers Deoember 9 the amendment will per
mit bonds to bk sold In advance of an
Improvement ;. A revolving fund, from
which contractors can be paid in month
ly Installments, will be created, y,.
" Patnre tosses Eliminated, y
. It is urged on behalf - of the pro
posed amendment that It will-result In
lower .contract prices on local Improve
ments; that it will ' eliminate future
losses due to poor -financial' manage
ment;' that all local Improvements can
be bonded If the property owner so
wishes; that It will effect a consider
able savins; to Individual property own
ers snd to the city as a whole.
Under the present charter provision
an Improvement cannot be bonded until
the contract is let and the work fin
ished - and aocepted. Contractors are
compelled td finance themselves while
the work is In progress, and often dur
ing; delays Incident to final acceptance.
It has been reasonably well established
that high contract prices are due in
large part to the system, that the
cost of delays In payments, including
Interest on money employed by the
contractor. Is included in the. contract
price. Thus the property owner pays
these overhead charges indirectly.
.- : Two Defeats Voted,
There are two outstanding defects In
the present method of bonding local
Improvements, says. Mr.. Dieck. One is
Inability of the city to begin paying
contractors until their work is com
pleted and accepted., The other la the
method 1 provided for redeeming bonds.
Under, the present system each Im
provement is bonded separately. Interest-
and Installments are payable
by property owners annually. But In-
- Proposed Bonding system.
Applies to , all assessments, lnclud
. lng streets, sewers, street exten
- slons, widening, alteration or
change. .
Applies to assessments amounting to
$5 or more. ' ,- -
------ .' -. ... . - ..y'
Property owner must bond within
thirty days after notice of assess
' ment
Payment ' to be made in twenty semi,
annual installments.
City can Issue bonds at any time at
, ter the Improvement proceedings
have been Instituted.
City can pay contractor monthly as
. the" work1 progresses.'
Bonds mast be redeemed consecutive
ly by number on the first day of
any calendar month at or after one
year from the date of .issuer by
payment of the face value and
Interest to the data of redemption.
. A penalty of one per cent per month
Is provided In such cases.
Provision is made for a popular issue.
OFF GOLDEN GATE
l terest due the bondholder Is payable
semi-annually, thus making it neces
sary. for the 'city to advance from Its
general fund the first six months' In
terest on the bonds.! The general fund
Is reimbursed, but it actually loses the
earning; power of money so employed.
The amendment provides that bonds
shall draw Interest semi-annually as at
present, but It .also says that install
ments and Interest due, from property
owners shall be paid semi-annually.
The purpose of ; this provision Is to
make the bonding system self-sustain
inr by requiring payments from. prop-
erty jimet-4. lr.tnfftl5ioldc.t jcttj
. a . " .. . J. A.
paymencs cue uie Donanoiaors.
urged that the city's credit may proper
ly be used in the property , owner's Je
half, but the property owner ahould not
ask the city to advance money ror meet'
lng th first six months Interest on
bonds Issued' for his. benefit f
' -y " Bonds Bell at Premium.
Improvement bonds' have -been selling
at a premium, -and under the present
system 'the premium goes into the city's
general fund. The amendment provides
that all premium money hall. be cred
lted: to Ahe improvement bond interest
fund.' there to remain as long aa It Is
needed.; This provision Is expected to
make unnecessary , the practice of trans
ferring money from the general runa
to meet interest navments on bonds.
It Is also provided in the -amendment
that - Instead of each Improvement b'
lng bonded ' separately, r as at present,
a number of improvements may y - oe
grouped, and the , proceeds from sales
of bonds be applied to each project as
the money is needed. y''-i.;-. ;'.'..''
The amount of bonds to be Issued
in ' any one monh will be determined
from the city engineer's certificates
of work done. From this total will be
doducted the-percentage withheld from
contractors, and . also the percentage
of cash payments on improvement as
sessments. This '- latter f Item will be
estimated as nearly as : possible from
data available In the auditor's office.
y',y'iy Prsssnt Bystsm Sef eotlve. '
The big defect of the present system
la said to be the method provided for
retiring - bonds. , It is , urged that In
practice the system Is as much an In-
YE,a7- f,3j ,77
1903 I
. 38633V;
1904 0
1905 P
1907 a
19(0 11
i957,Z3S
1912 c
906O73
1913 s
3
A graphic Illustration of the aver
age amount of cash In the. im
provement bond sinking fund for
eleven' years. . This money earned
2 per cent Interest at the banks,
while the city was 'paying 6 per
cent on bonds standing against
thejbe cash balances.
vestment as it Is a redemption system,
when its real purpose should, ba to
rttr bonds as fast aa possible, i
Sinca Portland began bonding .for
local Improvements more than $17,000,.
000 on this class of city securities havs
been issued. Of these, less than $3,000,-
000 have been redeemed. '';-?'
On July 31 redemptions totaled $3,-
$82,967. . But on that date $940,097 was
lying In the banks at 2 per cent where
as the bonds It was paid In to retire
were drawing per cent There was no
opportunity for Investment of the sink
ing fund st C per cent, the Interest rate
It must earn to break oven with; bonds
outstanding against it . . .;
On the same dats the sinking fund
held $1,176,995 Improvement bonds as
an Investment These bonds stood on
the books as an apparent city liability,
when In fact they were not a liability,
because the city was borrowing; of
itself.:o - J-: -y- -).
'-v. Costs City 4 Per Cent.
Combining these totals,' It Is appar
ent that while more than $5,000,000 had
been paid In for the redemption of
bonds, only $2,882,967 had been actually
retired. A block of $1,176,996 was lying
in . the sinking fund, and nearly a
million dollars waa in the banks losing
4 per cent Interest for the city. ;
The reason for this situation Is th
charter provision .which says improver
ment bonds shall be retired on an
Interest bearing date In numerical order
only. ; This Is. the provision which has
wrought havoo .with the redemption
system. . Its actual working , can bs
Illustrated as follows: : y ...
: . Suppose Improvement 'bonds to th
amount of $50,000 a month are out
standing with interest bearing dates
running from January to July, a total
of $350,000. Suppose -that in January
the redemption fund bas $100,000 avail
able for the retirement of bonds.
- Under the present charter provision
the $50,000 block of January bonds
could be paid and canceled, wiping them
off the books. ! tBut the provision re
quiring bonds to be retired, on Inter
est v bearing' dates In numerical order
only, would ' Prevent use of the other
$50,000 in retiring bonds, y s y
yKyy Xone Coold Be Satire,
" The July bonds would be at an in
terest bearing date, but hone of these
bonds could be touched because all bonds
must be retired strictly in numerical or
der. The February bonds could not bs
called. They would be In numerical or
der, but their Interest bearing date had
not been reached. .vV.C ''-: -..-"?.
Lacking a chance opportunity to invest
the second $60,000 In new bonds, the
money would be deposited in the banks
at two per cent, entailing a net loss of
four, per cent 4 it the city had accumu
lated half a million dollars In the re
demption fund In January, on If $50,000
of the amount could be used In retiring
bonds, for bonds must be retired In nu
merical order only, on Interest bearing
dates only.
' On the other hand, suppose that in
January there was no money In-the re
demption fund, as has sometimes hap
pened. The January ; bonds could not
be retired for lack of funds, The re
sult would "be that, because of the nu
merical order provision, no bonds vould
be retired for the next six months.
If during the intervening five months,
before another - Interest : bearing dats
Is reached on the January , bond, a-million
diollars should accumulate in ' the
sinking -.fund, none of the ' money
could be. used for. retiring bonds. The
January ' ; bonds, y: having the lowest
serial numbers, must be retired ahead
of all other bonds, and the January
bonds 'could- not- be called -until the
following July the next Interest bear
ing date. ' -U.,-; , . ;..;!:
Critics of the present system say It
was .devised solely In the Investor's be-'
0
half. The proposed amendment safe
guards him and at tho aume time takes
account of the city's and property
Owner s Interests. . t 1 .
Tne amendment says., that after a
life of one year bonds may bo called
on the first day of any- month, In nu
merical order, with . accrued interest
to the date . of payment. The "Interest
date" limitation Is discarded.
' In. the Illustration! above, after $50,
000 had been used In retiring the Jan
uary bonds, the other $50,000 could
be used In retiring the February Issue.
The process would bo repeated month
at Us outstanding -securities as ' raVt
as money came into the sinking fund,
y ;. y How Proposed System Works.
Bond buyers, prefer the present sys
tem, but they admitted to the city-commissioners
that It is not Advantageous
to the city and property owners.
1 If the amendment It approved by the
voters there will be no necessity for
seeking Investment ' of . sinking funds
'paid Into the treasury for the . retire
ment of future issues of bonds. The
money can be used Immediately In dis
charging the duty for which It Is in
tended. There would be an end of bad
financing. The city would quit losing
4 per cent interest on sinking fund de
posits at tho hunka. ;' -'-'J
- If ; the - amendment - Is adopted Fort
land will be enabled to pay off Its Im
provement bonds as . rapidly , as . tho
money becomes available. It Is said
that the securities will ' still command
a premium.' but In any event no bonds
can be-soid under par. . ..
At the present . time Portland's Im
provement bonds are - held :. largely In
the- east. They- are purchased through
looal dealers, who find ready takers for
gilt-edged 6 per cent securities..! Prac
tically all. the lntereat money ' leaves
Portland. ...v y -xy ,y-;-;.
' ; y Popular Bala of Bonds. - ;' "
The amendment provides that the city
commissioners may arrange for popular
sales of these bonds over, the city treas
urer's counter to Portland people. Bonds
may he Issued In small denominations,
on which a stated price.: par or better,
may t be fixed. These bonds will be
available to any person with a limited
capital for Investment. The person with
$100 in savings will have an opportunity
to walk Into the city treasurer's office
and buy a $100 bond Just as a yard of
calico is bought. ' y - ;-;,; . -
The purpose of this provision Is to
give the commissioners authority to
make popular bond sales practicable la
Portland.'. Under' the present system,
which requires bids on all bonds sold,
the small investor is at a disadvan
tage.
Under tho proposed amendment the
small i Investor may be accommodated
on equal terms with the eastern In
vestor. PENDLETON WOULD DO
AWAY WITH MILLRACE
Pendleton, Or, Nov. 8.AB a result
of the drowning of little Harry Higgle
In the mlllrace of the Pendleton Roller
Mill , company , early in the ? week, a
movement., headed by City Physician
L TJ. Temple, has been started to force
the milling company to carry Its water
through the city Id; an underground
conduit A petition Is being circulated
asking the cooncll to abate the mill-
race, aad City Attorney unaries carter
has consented to make a formal com
plaint agalnar the company. A feature
that may hasten action Is the fact that
Attorney Wilt M. Peterson Is prepar
ing an action against, the milling com
pany for $7600 : damages In behalf of
the parent Of the Higgle boy. The
mlllrace, onen and unfenced, . runs
through ' Pendleton ror a . distance : or
half a miler and In the past few years
has claimed a half dosen victims, most
ly school children. . v.'; iy..r-. :y..
' Canneesa Takes the Kake.'
Astoria. I On,lKov. 8. The gasoline
launch Kake, which wrent ashore on
Clatsop spit last weea, was soia to
day by E. M. Cherry, Lloyd's agent
for $660 to A. N. Cannessa of thla city.
The new owner will make an effort to
save the engines In the boat ' which
ara estimated to be worth $2000. y '
T is true of
her every day, and
it : must be true of the
guest as well, that each time
we enter this beautifal Grill
room newly decorated for the'
gay winter season our senses
are gratified by the warm, rich tones
the superb service the enchanting
menu, the joy and pride of out chef,
! ' t , . f ',' " :
Wonderfully t pleasing, too, is the entertainment
; provided, v4iich at no time assumes a form which
could offend the most refined. - Music everywhere
music from instruments of wood and silver
music from golden cornet and tuneful violin played
upon by artists making sweet concourse for eager
listeners., '
The, delictousness of the after
noon teas ifiares the interest
: of our fair guests with the new
modes that appear daily. Ver
ily I a gathering of fashion :
,:ty which may be equaled only in ' .
a few eastern and continental '
cities. " Tea hours are, from
, 3t 30 to 6.
- j v ; '
The Portland's famous table d'hote dinners are
, served in the magnificent dining room, overlooking
, the street on one side, the delightful courtyard on
the other. Covers $1 on weekdays ; $1.25 on
Sundays. ' ' ' ,
AFTER-THE-THEATRE,
, , THE GRILL H " -
. , . J . .'. ,. t . ,.,), Cj, .1. v
The Portland Hotel
Owned and Operated by ,
The Portland Hotel Co., .
' ' G. J. Kaufmann, Manager . . '
' N. K. Clarke, "Assistant Manager -
PLANS FO FATHERS'
-DAY GELEBRATIOH
BEING FORMULATED
.' ' ; : --
RfiSL Sunday. Jd nuaryet ;
Aside; Carnation Will Be
Embler of; Holiday, ' -
-i. 6t Johns, Or., Nov. 8. A general ob-(
seryance of Fathers' day In Portland and
St. Johns the first Sunday In next 'Janu
ary, with the dark pink caf nation aa the .:
official flower, Is to be brought about
If the plans of Mrs, O. M. Hall, of 415 ,
South Jersey street are successful.
Mrs, Hall Is the originator of this cele
bration In honor of fathers, the first -
r timers oay in ine enur.e country naw
lng; been held in St. Johns in the Christ-
mas season of 1910. A circular letter
now being prepared will be sent to the
pastors of every church In St Johns and
Portland asking that the services on the
first Sunday in January he devoted to
the praise of fathers.
The skating rink, which was closed'
recently, bas beep leased by the Bache-,
lors club, which formerly used It as a
hall for dancing. They will give a danca
every ' Saturday night following a
Thanksgiving masquerade.
' Mlas Daisy Hutchinson, who was op- .
crated on last Sunday at St Johns sanl- -tarlum,
is rapidly regaining her health.
f-lrs.' N. H, Hutchinson, of Rainier. .
returned to her home Friday after hav
ing spent two weeks In, 6t Johns sani
tarium, T
Mrs.. Bart Bitterer and Mrs. Grace
Farris will represent St Johns Congre
gational church at Ahe State Congrega-
viuiin-i vuiiierriive aw D&iain iuwuajr,.- m -
Special services' will be held at the
Congregational church Sunday night In
closing . the evangelical services which
have been held by Rev. J. B. Murphy dur
ing the last two weeks. ,
r C , ' Ta)iii, !T.vnAl4Mf rtinS. tm .
nlng a rally day for members of the
church and their friends, t
At the Sunday evenlnr services Is the1
Baptist church F. W. . Coffyn will be
the soloist
- Starting n ex t, week the number of ear
rlers of the St Johns postofflce will be
Increased to five. .
V. Nash, .of St. -Johns, .who drives a
motor truck to Portland, was fined $10 '.
by Recorder F. A. Rico for driving at
night without having his lights lit
Two bicycles were stolen from James
Johns high school Friday morning.
The Bt Johns Dancing club gave a
dance last Saturday in Eagler hall.
MRS. WENANCY DIES : "
UPON REACHING HOME
, Bend, Or Nov. 8. Arriving home on
Thursday morning's train from Portland.
Mrs. J. H. ! Wenandy died yesterday.1
Last night a sudden attack of heart , t
trouble seised her and In a few minutes
she waa dead. Her husband, who was
returning from Portland with a new
automobile, was on the road between
here and Redmond when she : died.
Mrs. ' Wenandy had lived hero several
years, but on account of a weak heart v
had been la a lower altitude for ' the -5
lAt vimr. ,-,
Quick Blast Injures Tiro. 1 '
Pendleton, Or., . Nov. 8,--Tom Kelly,
a laborer employed- by the , county . In
improving a road near Ourdane, mlracu. ,
lously escaped death ' yesterday when
a blast be had prepared exploded pre-
maturely. . As It was, his face was ter-'
rlbly cut, bruised and lacerated. An
other laborer escaped with only a few
scratches. The men lay the blame to ,
a defective fuse, which, they say, burned ,'
no fast that they had no time to make
a getaway.
y-yy." " 1 11 .
Journal Want Ads bring results.
us who are