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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (Aug. 2, 1914)
( 7- . j; if:'. :THBiDire(&J5UNDAV 912v 3 ' I. INCREASE RATES IS GIVEN RAJ ANDviEPBBOlLOMllffill OFFlCIAtSyWHO lW!USADMlNlSTEftCURRENCYACT TERRITORY BETWEEN Jnteretate Commerce aComrpjssion; Renders Decision jn the : J I mAC 'lnAfaaeAi4 Pmranirce Ahnn C1H HAH fVVV i - TWO COMMISSIONERS FliE" DISSENTING OPINIONS . ''' ' ' ' i i I,, ,i ji . ' .-' :f-:- ' V'r: J :) .. . ) , - . .. .. .. , .-- .' - i Vf - : ; ' i ' - - - - ' ,; Tba Biirds Ajr Vtf4 to U roprtr Hot Hld for Transportation yur. po aa to Adopt Many Xcoafimi Including- tna Caneatl- ' '-'-j"-!M -t " tl of Ttfo SfBportatlOB. , y ' -y -: ' ' V? 1- ' f Washington. D. C. Au. 1. Kcos--1 . nlln ; tht th railroad rvenua un .' der. th pressnt seal of rates are In-, ; t'adaquata and 'diuraiBT to th rall , road, tha tntaratata commerce com , mlaaion dciton In tha flv par cant ' rata tnerW caaa waa handad down V today. A i Tha deiiaIon grsnts the fiva per ' . cant tnoreaaa In iatra.tarrUorial class ' and commodttyatea In Cantral Freight I' fcaaoclaUoa territory, which U between tha Mlsalaalppl. river, and puffaio and I Pittsburg, and dlscuases the need of a 'readjustment of. rates In that terrl 4 .' A -general increase In trunk una t rates, lake and raU rtea and tn the fetes an. frafflc moving between the i different rate twrltorle in official tlasaiflcation territory is denied. - ' The decialon.coBtalna many sugges i .tln for all carrier in official clas- ajficatlno territory aa to the method " by which their net income may in- creased other than by a general in. ! crease in rates. Special attention is ,calUd to many ratea that are appar. G ently unremuneratlva. BaTemaea jnareased Anon $10,000,000. ' The eaaet Increase in revenue- that will accrue to the railroads through ;th decision Is a matter of expert com- putation, baaed oq the traff io affected. but the total increase will be about . Slft.ttOO.000. . " Oora,m!sstonera McChord and Daniels filed dissenting opinion. wommis I eloner McCbord held that it was u . lust to increase classification ratea ! while denying increases to the trunk v llnaa. and Commksaloner Daniels di aented along the same lines. : ' t The decision io IWgthy documenlt of 77 ' printed pages. Its significant; features are aa follows: SeolaloBS Significant Teatnres. . . A five per ceat Increase approved In tha lntra-territorlal class, and com , uiodlty rates in Central Freight aesoi ' elation territory, comprising Illinois. , . Indiana. Ohio, Wisconsin, Michigan. - A general Increase in trun line 'i ratea la denied. Increase, la lake aod raU ratea la 'denied. - Increase In central territory Is al r :i lowed on brick, tile, clay, coal, coke, atartfv aement, iron ore and plaster. - " The railroad are urged to sell prop ' erty not held for transportation pur. g)eees. Inereased passenger and freight , rates are auggestad. wher they are ; ' found uouremunerative, ;t. .Wany.conojiUea are- pointed out, ; and cancellation of paages and other tree facilities is urged. ' -.tha, tlroa4 Affected. Trualt linea affeqted by the rate , f decision are: 1 ; ; 'Now York Central, operating H,90 ' : miles 4t miles in Central Freight ,'''1 association territory, where class ratea . tare Increased. - Railroads Included In ; tola mileage are; Chicago, Indiana, ft Bo-athern; Cincinnati Northern; Clav. land, Cincinnati, Chioago & St luls; ! ; Lake Krie. Alliance A Wheeling; Lake Erie & Western; Lake Chore A Micht- na Southern; Michigan. Central; New. ', "York Chicago -& St. Loula; Peoria t ! Xaatern; Pittsburg & Lake Krie, an1 ' ; . Toledo A Ohio Central; '.; : Pennsylvania, operating 4 MS of Ua r J 11.11 milea in Central territory. Rall ' J Toads Included are) Grand Rapids & .T Indiana; Pennsylvania company; Pitts jjburg. Cincinnati, Chicago A St. Louia, - asd Vandalia. - Baltimore & Ohio, operating ?443 ot , Jita 4490 miles in Central territory. ' Kria system, including the Chicago . ,'A Krie. with 869 ot It 2562 miles in Central territory. '. , ' Chesapeake Ohio, including the ; Chesapeake A Ohio of Indiana, with ts of 1U 23SS miles in Central terrl-Jtory. ' ' Norfolk and Western. 277 of its S039 mile In Central territory. , Short haul roads not Included tn classification territory and not benefit, ed by the increase, ara: tturraio &.. auaauthanna : system: Buffalo, Rochester" Pittsubrg rail way. Central Railroad of New Jersey; Delaware & Hudson Co.; Delaware, Lackawanna & Western railroad: Le. high & Hudson river rallroadi Lehigh Valley railroad; New York, Ontario & western railway: Phlladelnhia & tieaaing; western Maryland ra lroad. who the exception of the NUeara western, the western Maryland and the Buffalo & Susquehanna, the last named roada are held to be exceotlon ally prosperous. The three exception are neiu to b overcapitalJaed, That the rate Increase allowed tha railroads between- Ptttabure and the ailssissippi river will have no effect on shipment by rail either to or from the Pacific coast waa the declaration yesterday of Jt, B, Miller, traffio tn- ager or the O.-W. B. A N. COWDany. Mr. Miller said that, according to hi understanding of the altuattoo, the rate Increase allowed la only on local business through the territory affect ed and will not apply oa transconti nental shipment or on commodities originating east of th la territory and aesunea tor point west of the Ml aiS8ippi, or vie versa. The only way the pef adfUatment could possibly affect ua her in the west," said Mr. Miller . yesterday would be in the encouragement Of traffic westward by rail rather than eastward by rail and water through the Panama canal.. Traffic originating west of Pittsburg, assessed the higher tariff, might be encouraged to move west by rail all th way rather than eastward to the seaboard and thence by boat through the canal. Thla tend ency would be alight, however, and naraiy worth ooqelderlBg. Bank Statement Is Visibly Affected new Tort's Clearlsf Son Bank Close Week With Decreases In tfost Material! Items. New York, Aug. 1. The weekly bank statement. Issued today, show the foi lowing changes: Surplus, decreased t43,58,500, -Loans, Increased 11.182,000. Legal, decreased 13,234,000. Specie, decreased 53.O6$,OQ0. Deposits decreased f 48.77t,'0O. r Circulation, increased 3000. freerv Jet il7.i27BQ. Buys Parcel on n, Buena Vista Drive John Q. Edward ha purchased a parcel of land comprising about seven lot on Buena Vista drive, Portland Heights, for $15,250. The property was owned by Walter V. Smith and Susan W: Smith, Mr. Kdwards ex pects to erect a handsome residence on the property, The paje was made by a J. Daly and W. O. Cox, It 1 said that Mr. Daly has sold Mr. Edwards business-Property to tha amount of $300,000 during the last few years. One parcel, a quarter block at the eorner of Grand avenue and East Belmont street, which he im proved with four atery modern hotel building. On another, corner Twenty-first and Washington street, Be erected the four story Covey jgarage. ,1 FT ' ri.:.i .'. r" ill IF' I- '-'T 1 Ji'-' - -x ---''ill 1 Vv.;y - 4 v.,il : 1 mmmmsmmmt i 11 i , 1 r v r mm 1 w 1111 w I i mms u-:n. Pi BVV f r 1 1 n; tt i - Jf 1 AULM " ...y. -"' : CLOSELY QUESTIONED BRISTOV BY SENATOR President's Nominee for. Fed eral ; Reserve Board 1 Before Senate Committee. TO APPEAR AGAIN MONDAY Seleetlom ox . Zlftn Kembe of Board WlH Trobably Vot S Announced Bfor.Tday. ' f fBr tha lnternstioast ' K ew STlce. Washington, D. C, Aug. 1. For three hour and half Paul M. Warburg, ! of New: Tork, nominated for the federal reserve board, was questioned today by member of th banking committee, to which hi nam wag referred ror con. ideratloD.- Th greater part of he session wag oeeupied by th questions of Senator Ertttow of Kansas, itepuDucan, wno bad previously announced that b was opposed to Mr.JWarbur'g, Senator Bri. tow subjected nim to a severe grilling. Senator 'Brlatow questions ware largely devoted to finding out Mr. War. burg part in tn financing ox ma cm cagoi ft 'Alton, Bock Island, and Cln- elnnaU, 'Jlamilton si Dayton 'railroads by Kubn. Loeb V Co. He . quoted lengthy extracts from the report of the Pujo money trust committee la regard to th practice of the big financial Interests 'and attempted to. get. from Mr. Warburg an expression of hi per sonal pinion on ouch methods. " - ; Wffl Apyaag Again Monday. When tha committee adjourned about f O'clock It was -with the understand ing that Mr- . Warburg . would retuTi Monday morning for further examina tion, r . r. . : '. ; . Senator Owen, chairman of tha com mittee, aid- that Mr.. Warburg had mad a ; good impreaaioa by hi frank answer. , . . . It became vidnt today that th suc cessor to Tboma D. Jone on the fed eral reserve .board would not be ap pointed before Tuesday or Wednesday, Monday morning the president will con fer with Senator Lewis of Illinois ana they will go over a list of men ug gested for the place. X&wla Potter - Opposed. Th opposition to Edwin A. Potter df Chicago, who was believed, last night to be the president's- choice, ha reached . the - point where, according to the best authority, it- will be lmoos- lble for the president tOyappoint him. Th principal complaint against Mr. Potter Is that he la close to George M. Reynolds, president Of th Conti nental bank-of Chicago, who In turn is close to the National City bank of Hew York.,, The latter Institution doe not stand well with th treasury, de partment, particularly With Comptrol ler of the Currency John Skelton Wil GRAIN BACK TO criiinu IULLUI SiTUKISS 1MI nilDDICQ NllU:UUIlILO Chicago Pit Leaders Agree -That Conditions', Have Set- tied Down tQ Sound Basis. SMALL GAINS ARE MADE Frioe Affected by War Boporta, but Advance cheeked by Inability to Bell. , The London Dally New call tha re cent killing Tat Dublin a "massacre," and asks for an investigation of the conduct of th soldiers. (United Press fceued Wire.) . Chicago, UL, Aug. I. War talk tWa week upset th grain situation and threw th wheat pit into tha wildest panlo in nearly half a century. Small fortunes wer mad and lost early in th week, but despite this fact, bo failur wer recorded, and at the close today pit loaders agreed that conditions had about returned to nor mal. - . . Th net result of th upheaval that started th first of the week was that September at th close today was 4 fie higher than at last Saturday's close. and December howd a gain for th week of 6 He. July futures, which closed out yesterday, mad correspond tog gain. -;.?. .!. ..-'; n Jp" Threatened war. tn Europe wag tho S cause for - th spectacular , Jump of T from Co to lOe In wheat price within ;i a few minutes. When later develop-y ments showed tha' general European war, the trad auddenly reversed it nelf and In the scramble to sell an other panlo resulted and price were driven down..r, Th first thought early in th weelt wa that, with Russia and th Danube country involved. Europe would be forced to call on this country for wheat. When later developments In dicated th likelihood of a general war, big leaders saw that blockade of European ports would follow and American grain would be excluded. The fact that the few American ship would b insufficient to carry enough grain to meet the - European demand waa cited as another reason why the export demand would bo limited, and wheat prices bora quickly slumped. Th market waa atUl sagging toward th clos -today. , ' ' Corn bad sharp advances la (he week on th war news, and reports of conditions of drouth; but lost most of th advance when wheat was under pressure. Trader xorcea an auvanc ioday and th close round Beptemoer o and December $o . abov last Saturday' close. " ' Heavy movements of oats caused oats futures to partleipat les active ly in the upward movement of th other grain, but tha clos today found September advanoed lUe and December ;o over last week' clos ing prices. , Provisions fluctuated on th war new, makrng tady advance early In tha week, and sagging toward the clos today when prices for pork and lard were a shad under last week' a close, and for rlba V shad above. . r . I: STERLING TEA SETS A Sterling Tea Set is the most important part of the family sil very As a lasting gift nothing better ..could be chosen. For $80.00 we1 have one ;v that ia.,hcavy, distinctive-and colonial in shape. A genuine bargain. Others at - ;4 $100, $125, etc. Jfoa are nof doing yourself Justice if you 8 y b ii y before seeing what we have. f? lArrronpnc i inJUUlalllJAlVUe y.Qualiiy Jwtlcr$ 266 Morrison Bet. Third and FourtH Top--Secretary of t&e Treasury McAdoo and Comptroller of tho Cur reucy wuyams,. wao, witn aecretary oi Agriculture nounon, te constitute tho federal reserve board organisation eemaittie. 'Bottoni, aef t to right Charles S. Hamlla and W, Harding, two members Of the federal reserve board. - ja" Topographic Survey Near Ilillsboro Salem. Or.. Aug. l.-State Engineer Levis oq Monday will start a topo graph survey party on th large area in the .vicinity of HUisboro, th work io do aone in co-operation wrtn tne United State geological service. The state - engineer has rour parties al ready at work, three in the Willamette valley and one in eastern Oregon. r League to' Contest First Aid Bill Count at Olympia Show BUI Ka , Only 14 Signatuxea More Than Be o,uired Limit- Olympla, Wash,, Aug, X. Tho count of the first aid bill just compiled show the legal' number of signatures to be 11.850. or Just it more than Is necessary to put th bin on ballot. The Stop, Look and Listen league Will contest the Count, This bill is the sam a aa thtt nnn JWhlch was defeated In the last legis lature. i proviae for a fund in qon nection with the state industrial In surance commission to pay for medi cal fees and .hospital bills for those Injured in industrial accident. ; Count on bill number ten, or th anti-pork bareli bill, was started at once, to be finished eaiy tomorrow. ...... .. i.v .... ..... To Preach tn Swedish Powell Valley, Or.. Aug.r, Rev. J. J. Westrup of China will preach in Swedish at 3 o'clock tomorrow after noon and In English at 8 p.- m. at th gospel tent here. TODAY'S SUNDAY JOURNAL Consists of face- SECTION ONETWELVE PAGES. 'are. EuMian Fire p Sermaa PttaraL German AmMaudw EngUad te JoU AliiM. beave ft. t. 4. All r&rlM Jainm in ftma,Tftaa Xailmaa ally wed Ioied atM. Warberg Aflwn BruWw'i u. tldHt. Fifht for Rivers aa SuWl 801. rnwes on Vr(e et "Wer, Amwion TourUU Seek Flirtt. London Hob Attack Oerraui. 9. 10. ia Ino(Mnitneie Cited. tifbt-Hour D7 Prattlo Eummary of Kuropeaa Sevslopaieti, SECTION TWOEIGHT PAGES i Pass, JUpubUaani' univri ItoUtiM. Bow Timetable! Are Made. Buyer' Week Look Like Buoceu. Buyer' Weak Business Sow. ew of th" Northwest, MMSma J1 for t. Sahtier, S?i,.FArtiv1 r Altered. Cariateffersoa Performs i Airetaft, yiM for La4 yredueti ihow, St. Paul Koad Stops Work in Montana Electrification of .- Vaia Ua Across , SXouataini Into Xdaho Held Tip try "Kews Prom Abroad. Butte, Mont., Aug. l,- The vast task of the electrification of the main line of the Chicago, Milwaukee ft St, Paul railroad across th mountains of Mon tana and into Idaho, a distanqo ot 4B0 miles, today was ordered stopped In definitely by assistant to the president of the system, C. A. Goodnow, in co sequence of disturbed conditions abroad affecting the financial mar kets. Mr. Good now Intimated that it was considered . ill-advised to continue On sueh a gigantio task with a Eu ropean upheaval threatening to rock tha world. The St. "Paul electrification Involved the expenditure of more than JS, 000,000. Sweden is said to be the foremost nation in tho knowledge of personal hygiene. - Uvostisstsn Boer Method f Xuyteg Xnct Xsteratinstor. Besl Estate and BuildLna Vawi. 4. SditoriaL 6. Short City Hew Items. S. T. atws f XduMtioaal Institution Fage-j a! .SECTION THREETEN PAGES. Part Ona Sportt News and Gossip. Part Two Marine Newt; Want Ads. SECTION FOUR EIGHT PAGES Portlaaa te Seattle by Xotor, Pramatie m4 itovi Nov. Automobiles aad Good ftoad. lilustra tod Vows Baview. CUmber. , - SECTION FIVEEIGHT PAGES S, a, i4, woK in pooiexv. VltlO. - Tor Jws frent Toic Capital. Xountala Jw for Smvns Thostr. V,, w 4.unusiast . la 7aah In .. Booial Sorrioa Aftivltlaa. ?aaama-racifio Xxpoaitisa Coat Oomvlotod. ' Wh Wvea Are Petag. . ?. How of tkeSMkaa, Art and Artists, , xmtat Koroseopo. aa yraaowo JJow Letter. Vage SECTION SIX (WOMAN'S ) SIX PAGES i. a s. Tke Vw Amerioaa ladlaa. jTropor Care of , the Fars Mrs. Bean Byma. . .. "T .i81 Ootar tn Bwnrortk Wailaea. Xenus for a Wook Ellaa BnstiBjrtaa yaitts . gse. Crapon Blouse fax Praetieal Wear, " -nansor rna vanity C oinil wors xiesign. XsAlftwtu--ayi80m4 XeSsaJ4 Tge.. SECTION SEVEN (MAGAZINE) EIGHT PAGES 1: a. gont, eenrPkototraeh by Cnn. Piotonsi aartrw-. of jf05Jo la the Tbe olutiOB of Veifeo's lui Pnb. -dwara MankalL - fasa 5' trt5?,,:,J8in clo" PJr., . Th Exodus Fram VuaJlin "VTtit lr.m T. 8i Kenaroh I Uv KW Cop J e. , wm 1 win vv TUit Amortoa .q, K. Chostertev. - r "Ik Trey e' Sesrt AnaouBcomeBt, . f- SECTION. EIGHT (COMrOFOURPAGES --j-iil" SEE THAT on your Eyes It. is wisdom to consult a ape H;. cialist of. cjiperience and standing, . r. It will save your yc and pr ' vent.you makins a badtbtr gain. . . x r From our 25 years' experience as experts in eye exanaina tiong and the fitting of? cor rect glasses we are in a posl : tion to advise as to the very "'best courscto take. You can . consult - us with con ;. ' fideacc .. . We absolutely refuse to sup ply glasses in any case that does-not need them, THOMPSON OPTICAL INSTITUTE 209-1041 Corbett BIdg, 3th and , ..t. i Morrison. DWORDS' 3-ROOM $ IT IK- BUNGALOW OUTF 63 Furnished Complete as Shown For folks Who Are Particular 31-6 I ' Sends It Home $3 Per Week Pays for It Bi Bedroom The bedroom, all in genuine Birdieye ; Maple, a- beautiful Napoleon bed with, ?;ood : springs and a sanitary mattress; arge Birdseye dresser, good substantial i stand, dainty chair with rocker to match, and' a pretty Blue Colonial rug, 8x10 feet. Bedroom complete as . OQ J shown tj4 a7 i fS.OO CASH, $1.50 WEEK Golden Oak Dining Room Dining-room furniture ii: all solid Oak, finished in the popular dull finish waxed golden, just as f pictured here with four, box seat chairs in genuine eather, jn pretty brown shade and solid' Oak table with 45-ineh top. and 8-ft extension, which will seat 10 or 12 people. Pedestal is a little dif- ferent from cut. Go'od tyuality Brussels rug. room sue. xhe entire dining-room out- ViTlf , trza t Convenient Sanitary Kitchen fit for Kitchen includes a large size kitchen treasure withv four drawers, and ' two moulding boards, one kitchen chair and four choice of our celebrated New tocess Side Oven gas range, just at shown in picture, or a six-hole wood and coal steel range. Kitchen ail complete for $39 f 4.50 CASH, f 1.25 WEEK f 4.00 CASH, f 1.00 WEEK) HAMMbCKS FINE PREMIUMS FREE '16.95 i AT COST With Every OutBt at Edwards ' A handsome 50-pieco Dinner Set given free with every outfit sold amounting to $75.00, or a beautiful 100-piece Dinner Set free with every outfit amount ing to $150 or over whether you buy for cash or on our easy payment plan. For this 90-5. Capacity Refrigerator FOLDING CAMP COT JUST LIKE CUT FOR $2.55 cur N2 Z W.V. We've just about 25 sample hammocks left which we will close out this week at just One-Third off the regular price. If you have a place to swing a hammock here is your opportunity to get one mighty reasonable. ' ! '" "111 - H ' it t Iff i M I iha We've a number of these U. S. Army Cot,.ellipg regu lar at $3.50, which we place on sale Monday morning at the special low price of $2.55. Made up just like the cut and fold up just as shown here. This is bur regular $19.75- Re- V frigerator, b,ut we have too many of this size, and have cut the price. It is large sixe, with two shelves', in . white enameled provision chamber, and will hold 90 lbs. ice. Use our easy payment plan if you like. ... . t .. ... -j .... ' ' . r 1 1 .li Large Size Reversible Rug '$4175 Without exception peo ple who have seen these beautiful reversible rugs have bought- They are not' the cheap rug you probably- have in mind, but a' good quality, in desirable patterns which sell regularly at $8.50, WHY NOT USE A NEW PROCESS Gas Range i - OPEN SATURDAY EVENINGS : UNTIL 9 :0'CLOCK You make no mistake when you buy a New Process Gas Range. They are the kind with patent burner that con sume less gas. We can re fer you to families who dp all their cooking and baking at $1.15 pec month. If your gas bill isr more there is something wrong with your stove. Well .fake your old stove in exchange. Priced ' Stir $16.50 , bsm. - . - .,0km- a jmm gnu iiiassssaMBaassiaawi- n m , .i ii. i i -mmd9 mmmmmmtmammmmi I A GOOD PLACEi TO TRADED 1 OPEN SATURDAY: EVENINGS I until . ; i 9 O'CLOCK ; i Of