THE OREGON 'DAILY JOURNAL, PORTLAND, FRIDAY : EVENING, JANUARY 9. 1914. NORTH MM IMS A SEPARATE RESERVE BANKING INSTITUTION Urretfonal; reserve centers,! the sen at stood tor eight. As a result of tns conference on the currency hill 1 which culminated in Its passage, any numbM I from eight to twelve were authorized. For this reason the northwest is hope- tzoi i picas ana iu proxei win be heeded and that the administration i will carry out the spirit of its party! pledge to- fullest extent. ! j i j ''! anrumt Za SJtroat ' ! ? .The strongest argument for' a re-t ...... . t A H f . w wni in ui nsnawnn sun fiained.in tb Democratic platform it- Financial IntereststUnf 'Ili. i. I !. y!iU A 'nient of a 'central bank: and we be-: UUItj 10 .JUUllllg HI VVUJl Oai-jllve-our country will be largely freed t xrom panics, and consequent. unempiov f merit and business depression by such systematic revision ' of our; banking t laws as will render temporary relief t Domination bv Wall street was the in localities where such relief ia needed, chief objection to the old currency with protection from control or dom system. Financial control of the ' "nation y what Is known as the money .United 8ta(jes. vested in I a group ofitI7"t , Ja4.in powerful New York banks with inter- fnk or th CC0 n flocking directorates, with no eoncelv-!?f h Publt?! and not for control of able at. possible elasticity of money, business. All legislation onthe sub- r facility lit moving it to those por-M" f banking and currency should ' tiona of the country where it was-bave for Its purpose the securing bf t j H . ; thmum antotnmodatlonH on terms JI sat- : jjaisst, urcucu, i rnuticu an vurrcucy re- t ' . . fotrm, I Concretely it resulted in the olute security to the public ana or paasage of the federal I reserve act complete protection from the misuse XJfcemDer , za, -last. i. . j " t""" cl .. ........... e ; ' The federal reserve! system la ; who possess it. t ; -predicated on easy accessibility ofre-I "We condemn the present: methods i NOTED -CONFEDERATE ; DIESIN KENTUCKY GENERA BUCKNER IS ifbrnia. serves the retention of money in the region, where It belongs j and the fi 'nanelal independence, of leach natural subdivision of the country from the other. ! , ;; , . . States Have Mutual Interests. The northwestern states, commonly of depositing funds in a few favored banks, largely situated In or pontrolied by Wfll street in return fo4 political favors, "and we pledge our ! party , to provide by law for their deposit by competitive bidding In the I banking institutions of the country, national called i the Pacific northwest form i and state, without discrimination as to such a natural subdivision and it u! locality, upon approved securities, anJ on this 'truth that every possible ef-1 subject to call by the government" fort is being made by the states of I The Glass-Owen bill has gone even Oregon, Washington and Idaho to beyond its party's pledge in molding have the territory embraced by these three states designated as a separate 5 oisunci, reaerai reserve district. Mon , tana, the treasure state, In many re spects also falls, naturally into ,. thia subdivision and the bankers land " commercial Interests of the north west are working- for its Inclusion with the other three states. The propaganda as It is being car yrted on just now Is effectually to demonstrate the northwest's title to a separate reserve bank. Every effort la being put forth to ward off a com bination with California i and Nevada and Arizona- Into one grand Pacific coast district. ! - This plan naturally finds great fa. vor In California. .'By reason of the tremendous wealth ot that Btate. Ban Francisco - and Los .Angeles would dominate the whole roast if one big district were to" be formed.'. Such, a district would be diametrically op- ;. posed I to the spirit of reform as em braced In the new currency law. Would California Benefit Kostf , It Is asked with reason. If the cur : rtney t. reform has ' been effected . to shake from the nation forever the .. . shackles of Wall street and of great ., New York banks, .would not the lnclu . ; slon of the Pacific northwest in one - large : Pacific coast reserve district ' t under the domination of San Francisco ..:fy bo but homeopathic reform?. Would " not the control of money and reserves be "merely shifted from New York to the Golden. Gate? ; This its in ..effect 'the sincere belief of this northwest part of the country. The-northwest grants that such doro- .. . Ination of San Francisco would be ac companied by mil the good and salient , features of' the new reserve system; mat nanus oz the Facino northwest would be copartners In the federal reserve bank at Ban Francis oo, but Tuid it Is a big BUT It la asked would not California have the! lion's share . . of control in the new bank, the greater number of directors by reason of her i financial ;. weight? ' Would . not the ports of Seattle, Tacom and Portland be secondary". In consideration to the '' port of San Francisco T . Is it .not pos- : slble that Calif ornians, by reason of their propinquity to San 'Francisco, would have the advantage In calling upon the reserves for the harvesting and moving' of crops? j ' ' Weak-Kearted Xefona, Federal reserve, banks are empowered . to . establish foreign branches under the terms of the new - currency act. .- And Inasmuch as the ports of Calif or- ' nia are active competitors with those 4 -of.Puget Sound and the Columbia, It Is said that a foreign branch of the Ban Francisco bank would be a serl t ouv handicap from the very start to the northwest. ' In the Interest of the whole people the proposition of one central reserve . ; bank sand" the counter proposition of . four large reserve centers, preferably New York, Chicago, St Louis and San ; , Francisco, were rejected as but weak hearted reform by both President Wll : son and congress. The house wanted the machinery for currency retorm, and the northwest Is now striving for a plant of its own, not caring to be a flywheel on a dynamo located at San Francisco. Senator Shafroth of j Colorado munched to the kernel of the question In a debate in the senate when he said, -One of the objects of the bill is to require banks of different sections of the country to keep their reserves in a federal reserve bank located in an easily accessible city of the dis trict. That would be; a great advantage over attempting I to cash securities at one central bank located several days from many of the Interior banks." Here, then, is the contention of the northwest: San Francisco being the center of an entirely extraneous dis trict,- would assume the form and qual ities too closely approximating a cen tral bank, and the distance from the northwestern states Is too great to f'f fJT "iZ II r2i s . ''...A1'. 1 I j-, ijf x 'ja a. DEAD AT AGE OF 91 " . :.- Highest in Rank of Civil War Survivors, Gbfd Demo cratic Nominee, Dies, (raited Press Leased Wire.) Lexington, Ky.r Jan. t. General Si mon Bolivar Buckner, ex-governor of Kentucky -' and vice presidential candi date In 1898 on the gold Democratic ticket died yesterday. V - General Buckner was the highest In rank of all surviving officers of either army, Confederate or Federal. He was born in 1828, was- graduated from the military academy tn 1844 and was brevetted for bravery during the Mex ican war. He retired from the army in 1855 but Joined the Kentucky forces when the civil war broke out as briga dier general, becoming successively ma jor general and lleutenas general. When Buckner surrendered to Gen eral Grant, It is said the Utter re turned him his sword, with the remark: "I cannot accept the sword of so brave a gentleman," Since ' the 1898 campaign General Buckner had not been active in politics but bad taken much Interest In -political affairs of. bis own state and dis trict SHERIFF GIVES WORK TO FOUR NEEDY MEN GRAND JURY TO TAKE UP LOCATORS CAES Memorial Tablet Cast From Metal Recovered From , "Maine" Recovered. , General Simon Boliver Bnckner. make that city of easy access from the great majority of cities of this section of the country. Four -men and a supply of tools, food and bedding were, sent by Sher iff Word this morning to a 16 acre tract of land near Greehara. The men are from the unemployed about the city and are to be given an opportunity to earn their, living and some beside by clearing the land. They were en- thuslastlo over the prospect of get ting work. They may not make fortunes." said Sheriff Word, "but they will at least get good food and a place to live and when spring opens they should have some money laid aside. I wanted to put men to. work on a larger piece near Oregon City but do not feel that I can buy tools for them. I offered to pay men for this work if the county would lend me tools but the commis sioners did not want to risk the tools. I'm going to take the chance with these men for X believe they are honest" The newly elected officers of Scoot Young Camp No. 2, department of Ore gon, United Spanish War Veterans of this city, were duly Installed In office at the camp headquarters in the court house last Tuesday evening by Past Department Commander W. T. Phil lips, designated by the Oregon depart ment for this occasion. The officers who were elected aad Installed were: Commander, Clarence R. Hotchklss; senior vice commander, Elmer R. Lundberg; Junior vice com mander, James Walsh; adjutant George H. Car; quartermaster, A. G. Davidson; officer of the day, Edward Rom mell ; officer' of the guard. M. W. Akeyson; chaplain, G. F. A. Walker; surgeon, Dr. J. G. Abele; trustee, Fraak Batter; .sergeant major, M. I. Wagner; quartermaster sergeant, O. E. Stanley; chief musician, J. J. Kennedy; color sergeants, Joseph Hoeye and H. E. Shipe. Past Commander A. E. Cooper ua veiled the bronze memorial tablet which had been presented to th camp by Hon.. Josephus Daniels, secretary or the navy. The tablet was cast from the metals recovered from the S. S. Maine, which was destroyed in Havana har bor, Cuba, February 16, 1898, and which was the chief event that precip itated the war between the United 8tates and Spain. Over 6000 pounds of metal was taken from the battleship before she was towed out to sea from Havana and given her final resting place. Mr. Cooper recalled the history of the tragedy and eulogized the crew of the Maine. The tablet was secured for the camp through the efforts erf George H. Carr, the camp adjutant Another feature of the exercises was the presentation of a gold watch, en graved with the veterans' emblem, to Frank Batter, who has been a trustee of Scout Young Camp for a number of years. Department Commander Jay Upton presented the watch, whicbbad been purchased by the members of the camp as a token of their esteem, and made the presentation speech. The program included several vocal numbers by the Misses Harriet and 20 Mea Held in Connection With 0, & C, Lanj) Grant Claims. INSURANCE SALESMEN HOLDING CONVENTION Address on Practical Side of Business and Discussions Occupy Morning. The grand Jury that will be called upon to Investigate charges of fraud ulent use of the malls by the locators of settlers on the forfeited lands of the Oregon A California railway land t grant was ordered this morning by' United States District Judge Bean on request of Acting United States At-1 torney jonnson. A panel of I men was drawn from, the jury lists of 11 counties. They are to report January 20. . ' j In his petition United States Attor ney Johnson cited the fact that 80 persons are In jail awaiting investi gation. The list drawn follows: Howard B. Allen, Portland; A. Barnes, Albany; J. H. Beckley. Port land; August A. Benson, Portland; F. J. Berger, Portland; Valentine Brewer, Eugene; W. H. Burkhardt Jr., Salem; Albert E. Butterfield. Portland; G. A. Cone, Hubbard; R. M. Day, Eugene; George A. Dorris, Eugene; E. Z. Fer guson, Portland; V. P. Flake, Dallas: R. A. Glthens, Halsey; Joha W. GrnssL Portland: A. H. Harding, Port land; Solomon Hart Portland; A. M. Holt, Albany; Fred M. Jensen, Rain ier; George Kaboth, Astoria; D. I Keyt Perrydale; John Kirk, St. Paul; George W. Lamar, Springfield; J. B. Looney, Jefferson; J. W. Marsh, Cor nelius; J. N. Mosler, Mosler; A, X Parker, Fern hill; John Rennie, Walter ville; P. L. Schamel, Aurora; Joseph C. Smith, Corvallis; Guy W. Taylor, Portland; G. A. Van Anda, Hood River; A. Warder. Oregon City; C. 8. Waller, Salem; J. R. Woodcock, Wamlc STRIKE MUST WEAR : OUT, SAYS GOVERNOR Michigan Executive Returns to Capital Tday After Visiting Houghton. Florence Leach, a piano solo by Tru man Phllllpa, a vocal solo by Mrs. Louise Christian, a vocal solo by Miss Florence Leach, accompanied by Low ell Patton; trumpet calls by Mr. Jones of the Third Oregon regiment, and two drum choruses by the Scout Young drum corps, an organization consisting of 40 sons of Spanish war veterans. Roger Slnnott addressed the assembly on the subject of "War and Peace." Refreshments were served at the con clusion of the exercises. ' The great strike of longshoremen In Jtevr Zealand has collapsed. The making of a successful sales man waa described today at the annual conference of representatives of the Oregon Life Insurance company, by E. N. Strong, agency supervisor. The discussion that followed Mr. Strong's address brought out many practical suggestions, as'did the address df D. M. John, district manager, on the sub ject of "Results from Systematic Ad vertising." At this afternoon's session Dr. A. J. Glesy. medical director, is scheduled to tell about the medical end of the Ufa insurance business and Sanford Smith, secretary, will explain how to keen down expenses. The conference opened yesterday wUh a lunchon at the Commercial club, attended by 30 out-of-town district managers aad principal officers of the company. The dlstriot managers . were wel comed as the guests of the company for a term of thre days by President A. L. Mills. He was thanked on be half of the gusts by L, H. Peters, who has been associated with the com pany ever since Its organisation, seven years ago. Attending thai luncheon wars all tha directors of the company in the city. Including A. L. Mills, president of the First National bank; Adolphe Wolf a president Llpman, Wolfe Co.; Louis G. Clarke, president Woodard, Clarke & Co.; C. F. Adams, president Security. Savings Trust Co.; W. P. Olds, presi dent Olds. Wortman St Klnr: Oanrm W. Bates, president Lumbermen Na tional bank; H. L. Ccrbett, vice presi dent First National bank, and Attorney t. ci. .real. The officers of the company were represented by L. Samuel, general man ager; C. S. Samuel, assistant manager; Sanford Smith, secretary, and Dr. A. J". Qiesy. medical director. The conference is under the direc tion of General Manager Samuel. The reports of the district managers Indicate a very gratifying progress in the company's business, which Is con fined to the state of Oregon. During the year 181J. approximately $2,000.. 000 worth of new business was written. There Is now In effect 87.000,000 of insurance. The assets of the company (United Pma lieated Wire.) Houghton, Mich.. Jan. 9. Saying, the Michigan copper mine strike must "wear Itself out" Governor Wood bridge Ferris announced today that he would return to Lansing late this aft ernoon. : i , Rather contradictorily, however, he added that "subsequent events might cause a sudden termination of the conhfllct" The general Impression was that, as a result of the past few days' Investigating Jie has been doing tn the copper region, the governor has some plan by which he hopes to force a settlement President Charles H. Moyer of -the Western Federation of Miners re mained here, heavily guarded by dep uty sherlffa ) ; CHAMBER CONSIDERS NEW TARIFF UNJUST Declaring that tariff 4-K. No. 411. issued by R. IL Countlss of the trans continental freight bureau, Is unjust and discriminatory o Portland, Man ager J. H. Lathrop f the transporta tion committee of the chamber of com merce has sent a letter to the later state commerce commission. He does not make formal protest believing the commodities affectea amount to too little to Justify It but states the po sition of the chambar for the sake of the record The changes apply for the most part to new groupings bf states weet of the Mississippi and .to the south. Ia creases in the rate : on glass jars Is the chief Item objected to. Mr. La throp points out than the rate Is high er from these groupfj to Portland than the corresponding 'rates from Chicago. last year ars said to have increased 8846.000. i Many of the district managers are accompanied by their wivea In their honor a formal reception was held at the Portland hotel .yesterday noon at which Mrs. C. 8. Samuel and Mrs. Mil ton E. Kahn were hostesses. This Store Is Open Saturday Nights Until 9:30 for Your Convenience Gold Bond Stamps Given With All Purchases-Portland Agents for Butterick Patterns, "Nemo" Corsets, Etc. CLEARANCE MEN'S SUITS RAINCOATS OVERCOATS , No shoddy sweatshop! gTir ments high-class mer chandise from reputable makers only. ' YovL: escape 'profits that v pay for huge electric signs, elaborate fixtures and high ; ground-floor rent. $1 Clothes Baskets 49c JIMMY DUNN 315-16-17 OregofflaaBlfc "Elevator to Third Floor Safe tomorrow in Holtz Basement, German Willow Clothes Baskets; values up JQ to $1.00. Special tomorrow at, eacn e7v ia.98 Aluminum Tea Kettle, $2.98 A iroorf 8-quar solid aluminum! Tea Kettle, with atent cover and seamless. Reg- dQ QQ ar $3.98 vals., in Holtz? Basem't VaeaU Holtz' Grocery Specials 40c Chancellor Coffee at, the pound 28 e 60c Mixed Black and Green Tea, lb. 38 Rolled Oats in 9-pound sack sack 85e Corn Flakes on special sale at, 3 pkgs. 25 c) Tea Garden Preserves. Special, bottle 19e Laundry Soap, good kind 10 bars for 25e fflHHlfliiPlB fiftl Lunch and Dinner Menu erred SaToMUy Trm 11 A. X. to TtSO . M. onp Veg-etable Soup. So. sh Boiled Salmon, with Tomato Sauce, XOe. Entree Frankfurters, with Horseradish lOo. XOart Beef, with Bice and Gravy. lOo. Salads Shrimp. 5a.; Potato, ftoi Kidney Bean. So; Lobster, lOo; Combination Fruit, 10c; Banana Splits, lOo. Terstablss, 6o Creamed Slaw, Escalloped Corn, Lima Beans Spinach; Baked Beans, Macaroni and Cheese, 5c: Masbed Potatoes, 6c; Hot Corn Bread. So; Hot Rolls, 60; Pastry, 60 ( Tea or Coffee, 5o. Try this 500 Boxes Chocolate Creams Regular 25c Values for 12c In the Candy Dept., tomorrow's Clearance Sale of all Chocolate Crear?i Can- 1 dies; 25c boxes at, special, fie box Xl 60c Boxes Chocolate Cream, special 33c $1.00 Boxes Assorted Chocolates at 07 50c Cream Almonds at, th pound 294. 2000 Men's Coat Shirt Regular $1.50 Values at Only 89c The greatest Shirt Bargain in all Protland 2000 Shirts to choose from. Come in plain and pleated bosoms, with soft or stiff cuffs attached. Fine quality Soisettes, Per- 89c I MIL U III cales and Imported Madrases. An immense assortment of patterns to select from, plain colors, stripes, figures, reg. $1.50 values, at $3.50 Wool Shirts $1.98 Clearance sale tomorrow men's All-Wool Shirts, in medium and heavy weights, flat and military tcollars, nicely finished with pearl Sbuttons; sizes and I'n k si alt rA da 4. .Keguiar .ou to uji nv Values. Special, each tJXeaO $4.00 Hen's Hats at $2.45 1000 Men's Hats of felt, cloth and velour, in all the late Fall and Winter blocks. Fedoras, Dents, Telescopes; also Derbies in flat set and conservative style brim. In all wanted shades. I0 Iff $3.00 and $4.00 Hats peftj 1000 Women's Union Suits, 43c Clearance Sale tomorrow of women's medium weight fleece lined Union Suits in bleached or gray colors; long sleeVes, ankle length; sizes 36 to 44. A Regular 75c values, at tcOC Women's Hose at 3 Pairs for 50c Women's fine cotton Hosiery, seamless fast black. Made with full-fashioned legs, j reinforced heel and toe and elastic ribbed tops; 25c values, 18 . PA special, 3 pairs, for only O U y Boys' and Girls' ShoesOn1y$1.49 500 pairs f boys and girls' but ton and lace style Shoes of calf and gunmetal leather, with heavy soles. Special Af tomorrow, thjepakvAe4a7 Men's $3.50 and $4.50 Shoes $2.29 Men's Winter weight Shoes, in tan and black chrome leathers, with good heavy . soles; $3.50 and $4 values; Sat- QQ QQ urday's Clearance, pn eJsWeaia --.---!- , - ." .. - i-'ji.- 200 Children's Coats on Sale for Saturday 13 Off Children's Smartly-Made Coats in .brown, navy, red, tan and plush, vith collar and cuffs trimmed in slack and white; all Coats full lined, rhe Cloth Coats with velvet collar and cuffs and fancy buttons. All one-third less. Children's $15.00 Coats at $10.00 Children's $12.50 Coats at $ 8.34 Children's $11.75 Coats at $ 7.84 Children's $10.00 Coats at $ 6.66 Children's $ 7.50 Coats at $ 5.00 Children's $ 5.98 Coats at $ 3.98 Children's $ 4.98 Coats at $ 3.52 jt : . 5000 Pairs Women's Gloves $1.25 Gloves, a Pair 79c $1.50 Gloves, Pair $1.19 1276 - pairs of Women's Fine Clearance ef all White Glotes Quality. Lambskin 0 1 o v e s tn In one-clasp prims lambskin, white, tan and black. 2 -clasp extra fine Qualit jr. tn 4 1 n m embroidered backs: also -doe- weight, all sixes, I1.S0 values skin and chamois cloves. la tola Clearance Bale ! in $1 and $1.25 values, nowf 7C" at very low pries of $1.50 Gloves, a Pair 95c $2.75 Gloves ,Pair $1.69 1623 pairs of Women's Extra Women's Fine Quality Whits Quality PK-sewn Limbikla Lambskin Gloves in lf-bntton Gloves, medium welrbt; also lencth, three clasps at wrist. Baclna make Cape Glove embroidered backa. all stses, and white mochas. tt.3Snd I2.7S values at this e1 5a and $1.60 values now at7IC 1 Clearance Bale, pair 109. EXTRA From 6 to 9:30 For the benefit of those of our patrons who are unable to shop during the day, we offer these specials after 6: 2000 lbs. Dry Gran ulated Sugar, After 6 11 lbs. for 50c Deliveries with other groceries 1000 Men's Laundered Collars for, Each Nearly all styles, all Z'ZU 12 Vac values, your choice IQOMen'sStylish Suits and Overcoats $12.50 to $15 values, after 6 p. m. 100 Men's New Hats, Choice Felt and cloth, regular $3 values, after 6 Saturday 500 Boxes Good Stationery at 48 to 96 pieces in a box, values to 25c, after 6 for All Day, 2000 Bars of Ivory Soap Sc size, 3 bars to cu Tj tomer, Saturday .at, a . bar SsiV ft K Great Janmar v Whites ale $1.25 Combination Garments. 89c On the Third Floor tomorrow, 1000 Combination Garments of crepe and nainsook in soft, fine quality, very daintily trimmed in fine laces and embroidery in scores of pretty new designs. Garments that are sold regularly at $1.25. Every garment perfect, special this sale 89c $1.50 Combinations Choice Saturday 98c A special lot of dainty Combination Garments in newest styles, round and square necks; very prettily trimmed in lace and embroidery; $1.50 val-AQ ues. Special at, the garment 70C $1.29 Night Gowns Choice Saturday 98c Women's fine aualitv creoe Nicht r : v. j v.i : tw effects, trimmed with narrow Clunyj lace. Regular $1.29 values. In QO this sale, special sale at, each OC s I 6 Saturday Your Opportunity Every Trimmed Hat in Our Millinery Dept. $10 Values for $1 This offering includes scores of beautiful Trimmed I Hats and you have tout choice of Z. j every one of them. Not a sin- I, gie one reserved. Every hat on sale Saturday. 1 he sale starts promptly at 9 o'clock. Values to $10 W III. If '.1 --k Your Choice 200 Untrimmed Hats, values to $3.50 m m M on sale Daturday while tsA . the stock lasts at the very low price, each at only Ninety-five Beautiful Untrimmed Vel vet Hats, values to $7.50 sale Saturday while they last at low price of 69c . V