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