The Oregon daily journal., August 13, 1915, Page 4, Image 4

THE I OREGON DAILY JOURNAL. PORTLAND, FRIDAY, AUGUST: 13, 1915.
FRUIT PEDDLER LOSES
$8000 TO 'CON' MEN
IN OLD RACE GAME
Peter Mokovivihs Meets
"Mayor D. C. Stillman" in
Corooido and Dined,
PUTS MONEYON "PONIES
it
Victim Baissa Small 7orttuie aa4
Kaade It Otk to Get $20,0OO, Which
Vsver Cam.
- Los Angeles. Aug. 13. (P. N. S.)
Amid the splendor of a Coronado hotel
: ball room was laid t&e trap, to rob
Peter Mokovivihs, a San Francisco
fruit peddler, of his life's savings,
$8000, according to his report to the
police today. The actual taking of the
money occurred in a Los Angeles hotel.
The victim, robbed of every cent, was
then started toward New Orleans, but
was sent back from the first station
bv the Pullman car conductor, to whom
he related his experience.
The bunko game was related by
Mokovivihs as follows:
"I visited the San Diego fair and
there met a small, dark man with
whom I became friendly. He said his
name was Bennett. He spent money
freely and induced me to go to a Coro
nado hotel.
- Meets Second "Bunko;' Man.
"The second day at the hotel a big.
fine-looking man was greeted by my
friend and was introduced as Mayor'
t. C. StiHweU.
"Bennett told "me Slillwell was a
millionaire and - that he made his
money on races. Stlllwell made me
buy a dress suit, but he paid for it.
Thenthat night he introduced me to
a bejeweled woman. I drank wine and
ate rich food. Always Stlllwell paid.
"That night we all went to Still
. well's, room. Jewels lay about the
r6om. Hundred dollar bills , literally
: covered the floor. Stlllwell picked up
one of the bills and told me to bet it
on the races.
"I bet and won; so did Stlllwell.
Then, he told me he couldn't collect
his bets, as he had put up $20,060 in
checks in addition to $80,000 in cash.
Took Victim's S8000.
'Stlllwell said I could have the
$20,000 bet if 1 could produce $20,000
in cash.
"I took a fast train for San Fran
cisco, borrowed and mortgaged to the
i extent of $8000. I was on my return1
to the hotel, but was stopped in Los
Angeles. These mn met me, took my
money and told me to wait. Later Ben
nett returned and told me he had lost
: the 'money. He went into a big build
ing ana Bennett staged a real fi&ht.
He beat and kicked a man until, I
' made him stop.
"Then Bennett told me to go to New
Orleans and meet Stlllwell in the St
Charles hotel and I would get $16,000.
I started but the conductor turned me
back and I told the police."
FEDERAL TRADE
COMMISSION IN
SESSION HERE
(Continued From Page One)
duction at some price to pay Interest
on the bond. Issues.
Lack ot Ships Blame.
But Mr. Clark denied much of this,
holding that there is . no such great"
overproduction as to account for the
depression. Admitting that small
mills are obliged to cut prices to
derive some sort of income, he held
that the great factor is the curtailment
of markets by the lack of shipping.
Participating in the hearing are
Chairman Davies, Vice Chairman
Hurley, Commissioner William J. Har
ris of Georgia. Commissioner Will H.
Parry of Seattle and Commissioner
George Rubles of New York.
The session was opened, by Chairman
Joseph E. Davies, of Wisconsin, who
explained the objects of the commis
sion's hearings to be first-hand inves
tigation of general business conditions,
both at home and abroad. He then
turned the meeting over to C. C. Colt,
president of the Portland Chamber of
Commerce, who introduced the speak
ers on the various phases of business
la the northwest.
A. L. Mills, president of the First
National bank, was called upon to dis
cuss the financial situation as it af
fects the lumber business. He applied
it to the lumber business, because , he
said lumber is the great bulwark of
business. . . '
Pact Graphically Shown.
"All I know of - business is what
comes to the banker." said fr wtio
"In a general way, business conditions
are poor, a map issued by the Cham
ber of Commerce of the United States
shows this fact graphically. Portland
and Seattle are shaded-heavily, indi
oatlne Poor business. whilA th mM.ii.
west and. other parts of the northwest-;
,r enner gooa or lair, xnis - condi
tion is due to lumber all industries
In 1914 having been highly pros
perous." Mr. Mills said the checking of this
one great industry is responsible for
the poor status of business. Generally
lumbermen's paper, he said, a banker
would ' rather see in the other man's
bank than his own.
Transportation Another Cause.
-The question of transportation he
considered one of the big reasons The
same applied to the grain business. A
year ago, he said, ships interned in
foreign ports made freight charges
for wheat heavy. With freights now
nearly three times the prevailing rate
'of early 1914, heCfcooked for difficul
ties when the 1915 crop began to seek
a market.
Mr. Mills touched upon the threat-
HOTEL
CORNELIUS
Park and Alder Streets
Portland, Or.
In the theatre and shopping
district, one block from any
carline. : Rates $1 per day
and up. With bath. $1.60 per
day and up. Take our Brown
Auto Bus.
. OOBKZirDS, Vms.. .
K. 2B. VUSTCaxs. Manager.
ned ; Dante of last September, when
the bankers of the northwest persuad
ed Secretary McAdoo to open the fed
eral reserve bank at once, in spite of
wie rear ox eastern bankers. that this
would precioitate. rather than relieve.
what looked like the beginning of the
nauona worat financial setbacks.
Reserve Bank Kelped,
, The result of the . opening of the
bank, he said, has been that there la
now plenty of money, the atringency
passed, and now any business that
needs it can secure capital, provided
we canker ts assured ,z the outcome
of the venture. It It can be shown
that the lumber mill is not running
ar a loss, - he declared, any lumber
operator can secure money. f
But there Is the rub hardJv ny
lumber manufacturer knows Whether
no is running st a loss or not, He
recommended that the commission de
vise some standardisation of account
ing-'whereby a banker, by glancing at
the statement of the prospective bor
rower, might know whether his busi
ness actually is profitable or whether
it Is. running behind.
At', a question from Commissioner
Hurley, Mr. Mills declared the Port
land bankers, at least, would cooperate
heartily in such a regulation. Asked
regarding the disturbing effect the
war has had upon the lumber trade.
-Mr. Mills declared it has so stiffened
freight rates that hardly any extensive
foreign shipments are now beln made.
whereas three years ago one exporter
showed him three bills of, exchange
covering as many complete cargoes.
Chairman Davies opened the hearing
with a brief summary of the objects
Of the commission, covering the scope
of the investigations if proposes to
make. He told the 100 or more Port
land business men present that one ob
ject was to hear from their own lips
what they though might help the sit
uation. .
They are seeking, he said, to learn at
first hand all they could of foreign
trade from those men who are actually
engaged in it. With-the idea of help
ing business in every possible way,
the act creating the commission au
thorizes the sending abroad of trade
representatives to look into trade con
ditions in other lands.
C. C. Colt, president of the Chamber
of Commerce, conducted the investiga
tion, reviewing briefly the conditions
In the northwest. He admitted that
some industries are in bad condition,
though they are like the man with a
$1,000,000 check in the' wilderness
plenty to do business with, but no way
to negotiate It. :.
Lumberman at Sea.
Edward Cookingham, vice president
of Ladd & Til ton bank, vas called "on
by Mr. Colt to continue the discussion
brought up by Mr. Mills.'
"The lumber industry is in such a
state of prostration and discourage
ment that the lumbermen are at sea
they are eager for suggestions that
may remedy these conditions. ' The
lumber industry controls everything
here. That is why we place what may
seem undue stress upon it.
"The remedies are not altogether in
the power of the commission. The
lumbermen themselves must undergo
a process of regeneration.
"They have abused their credit by
issuing serial bonds, which compel
them to manufacture whether there is
a market or not. Such a process can
not stand in any business."
TlnanolerlxL- Zrrlls Seen.
Mr. Parry said the criticism has
been made that lumbermen must manu
facture to pay their interest. "North
west bankers have all seen the evils
of that financing. Credits have been
too. large but it was done because of
the tremendous confidence in our tim
ber, Sastern lumbermen have come
here", bought billions of feet of timber
and the bankers have been lifted Into a
state of rapture by the promise. It is
but natural that the bankers caught the
enthusiasm and possibly overstepped
themselves.'
"We need transportation, a merchant
marine to the Atlantic coast, which is
now practically closed.
"Lumbermen must be permitted to
coordinate, organize combinations.
whlchwlir enable them to handle for
eign business in bulk. The overhead
expense would not allow individual
effort.' Of course our spirit is against
combinations and' trusts, but we are
competing with foreign nations that
encourage and foster combination."
"Do you feel that the lumber peo
ple's shortcomings in knowing the
cost of production is partly resonsl-
ble for the condition?" asked Mr.
Hurley, a
'Without question."
"Can the lumber business prosper
by limitation of production?"
Co-Operation' Bound to Come.
"I wouldn't say anything to en
courage: co-operation, but I believe
that co-operation for domestic pur
poses is bound to come; but under the
closest restriction and with great care
any remedial measures adopted by
this commission should - be put in
force as soon as possible."
"Doesn't the average lumberman in
this state know as much about his
business as the average business man
in other linear asked Mr. Hurley.
"I doubt it," replied Mr. Cooking
ham. "The smaller mills take the lead
Edison's Latest Style Edison
Diamond
No-Needles
Most
Beautiful
Tone
Price $100,00
See and hear this new 1916 Model.. It's a beauty. -Easy
Monthly Payments.
GRAVES MUSIG CO.
151 Fourth Street, Near Morrison
in cutting prices and overproduce,
with less expert knowledge of costs."
. Exchange Bate X Hardship.
Max H. Ho u sor told the commission
of the condition of the grain trade.
He said two serious obstacles
ships and finances hamper grain ex
port. The rate of exchange, be said,
is more of a hardship on the farmer
than the exporter, because every five
points advance means one cent a
bushel less. This is an abnormal con
dition caused by the war, said Houser,
but he said he felt that the condition
would endure for some time after the
war. .
"Any trouble getting ships?"
"Not so- much as some, because I
got ih early, took the bull by the horns
andj took a chance. But wlen the
crops' begin to move, we will have the
same condition as to tonnage we had
last year."
Charter Bate Jumps.
"A year ago I chartered ships for28
to 30 shillings to the United Kingdom.
Today I've been bidding 90 shillings.
If you go into the war sone, you have
to pay 105. Every S shillings freight
means about $.76 cents a bushel."
"If we had a few shipa under the
American flag, would the freight rate
bo less?" asked Mr. Hurley.
"Undoubtedly. It would have a good
effect."
"Who feels the result of high freight
rates?" asked J. N. Teal.-
"Needless to say the producer must
pay It, unless the exporter has a large
reserve stock."
"Who pays it at present?"
"It's about 6, and 6. The buyer at
first paid the .excess freight, but, as
stocks became easier, they concluded to
wait and allow the brunt to fall on the
producer."
Over-Speculation Condemned.
William D. Wheelwright, president
of the Pacific Export Lumber Co., was
next presented to discuss the shipping
situation. He said the lumber difficul
ties, now are largely due to over-specu
lation.
He declared, however, that, the great
over-expansion of trade has exhausted
the market, and that there are plenty
of ships to care for actual shipments
when markets are found.
When normal -conditions are restored.
he declared, the British Columbia, pro
ducers will supply the Atlantic coast
because of the difference in freight
rates.
The commission, he suggested.
should devise some method for, equaliz
ing the freight rates to allow econom
ical handling in American bottoms.
The present lumber depression, ne
summed up, is due to over-speculation
in timber land, and in over-production
by multiplication of sawmills.
J. N. Teal took the role or cross-
examiner at the conclusion of Mr.
Wheelwright's formal statement to the
commission. He asked to what extent
lumber Is being overproduced now.
Mr; Wheelwright replied that ne
could not say in actual figures, but
he knew there is an overproduction..
Mr. Teal then asked if it i customary
for the mills to keep reserve stock or
do they cut on order only. Mr. Wheel
wright answered that this depended
on circumstances, but that usually
the mills cut on order only.
Ideal Condition -Described-Such
pieces as came from the saw
that were not suitable for the par
ticular order in hand were put in stock
to fill some subsequent order, he said.
Mr. Teal then asked him If the demand
in the United States were not now
keeping up with the supply, and Mr.
Wheelwright said, the ideal situation
is where the people are calling for
just a little more than can be supplied.
Mr. Wheelwright, at Mr. Teal's sug
gestion, told the commission he is not
a manufacturer, 'but an exporter oi
lumber; and Mr. Colt called upon Mr.
Clark, who actually is engaged In
manufacture.
High rreights Barred Order.
"I do not agree with Mr. Wheel
wright in regard to the purchase of
stumpage affecting the present situa
tion," said Mr. Clark. "It i3 all a
question of supply and demand. The
lumber inspection bureau has so far
this year inspected about, 300.000,000
feet less than Tor the same period of
last year. On the Columbia river only
40 per cent of the mills are running.
If we had shipping facilities we could
send out more lumber."
Mr. Clark said only the other day
a customer from Japan was hero plan
ning heavy orders for both lumber and
grain: He found freights so high that
he could not place his order in Port
land, as he had intended.
Mr. Clark scouted a theory advanced
by Mr. Wheelwright, that wljen the
war is over and ships are again plenti
ful, that British Columbia's lumber
will supplant northwest lumber oTthe
Atlantic seaboard, because of differ
ences in freight.
Columbia Blver Lumber Cheaper.
He cited a recent instance wherein
two ships, one loaded in British Co
lumbia for New Tork and one loaded
in the Columbia river for Quebec,
sailed about the same time. The Brit
ish Columbian ship laid its cargo down
in New Tork at from $2 -to $3 mdre
than did the Columbia river ship at
Phonograph
to Change
Ever'
lasting
Records
Quebec, in spite of the shorter haul.
"If we could charter ships now at
the same rates as a year ago, w
could doable the capacity of the Colum
bia river mills, Mr. Clark said.;
On what tonnage Is not tied up by
the war, he said ' Portland has the
least, chance because" what American
ships we have on this coast are owned
at San Francisco and consequently that
port is favored. He said easels can
not be secured for South America.!
The witness declared be. had always
contended one feature of the lumber
situation has been the ta legislation,
the taxes having constantly Increased
and required the small sawmills to
operate regardless : of" profit so they
could pay them.
Should Be on Banal Terms,
He touched upon the organization of
the Douglas Fir Export Exploitation
association, designed to encourage the
consumption of this lumber abroad.
One concern, .large or small, could
not do this alone, he said. He closed
by denying that manufacturers have
any part in fixing lumber prices, which
are governed primarily by supply and
demand ' through the .agency of. the
brokers and the buyers.
E. W. Wright, general manager of the
Port of Portland Commission, was
placed on the stand to sHow Portland's
physical facilities for handling export
business. From his experience in mar
itime affairs, Mr. Wright declared
American ships should be put on equal
terms- with Canadian ships. Under
present conditions, he said, the Amer
ican has to pay more for sailors, Jton
nage, cargo measurements and cannot
break even, to say nothing of making
a profit. . -
World-Wide Problem.
The shipping question is a world
wide problem, not a northwest problem
nor an American problem, he contend
ed. When cargoes in remote corners of
the earth are cut short, then the ships
go to ports where cargo is plentiful.
Ship-purchase bill and ship subsidies
will not solve the problem entirely, he
held. But the foreigners have taken
the coastwise ships from the United
States service and put them into coast
wise service In other countries, leaving
us in the lurch. -They are allowed to
do that, while Americans are not al
lowed to do it. One ship, he held, can
handle the product of 100 farms, and
the 100 farmers must pay the one ship
owner's" profit.
The scarcity of tonnage Mr. Wright
held, ts due to the internment of Ger
many's merchant ships, - one-eighth of
the world's supply, and the comman
deering of Britain's ships, one third of
the world's supply. Thus we are limp
ing along with 25 per cent less ship
ping than usual. .
Trait Situation Zs Discussed.
"If you art to allow the coast ship
pers the full advantage of the Pan
ama, canal, concluded Mr. Wright, "you
must allow them to purchase tonnage
in the open market on even terms with
foreigners.
C. A. Malboeuf, general manager of
the Western Oregon ..Fruit distributors,
CASTOR IA
For Infants and Children
In Use For Over 30 Years
Always veors
the
Signature of
Arrow
Soft COLLARS
Of plain or fine White. Striped
Madras. Ask for "Arrows" if you
want the best in fit, style and wear.
2 for 25c
CUJETT, PEA BODY ft CO., INC. MAKERS
"Thrifty Alexander"
Some people have an idea that working and saving is all drudgery.
There-isn't a particle of drudgery to it when you follow Alexander's
system. He does not shirk, you see, but "Gets It Done." If he dilly
dallied, as many do, he'd never have any time for fun. The habit of
putting off the little jobs spoils a lot of real fun- for boys. And the
putting off of. saving spoils a lot of pleasure and happiness for.grown
ups. Are you saving? -
Northwestern National Bank
Sixth and
discussed the fruit export situation
Just before the adjournment for lunch
eon. He suggested three remedies for
the present difficulty tn marketing
northwest fruits: A direct steamship
line out of the Columbia river; devel
opment of inland' rivers and a study
of Scientific distribution. .
The competition of northwest fruits
with fruits of the Atlantic coast and
Australia, he said, is a factor that
must be understood. Although there is
no overproduction of fruit in the large,
there is a seasonal overproduction,
large quantities of fruits rushing to
market at the same time. ' He declared
there is now not one steamer taking a
single box of Oregon apples out of
the Columbia river. .
A. Rupert of A. Rupert & Co., testi
fied as to the condition of the dried
fruit business, after which the com
mission adjourned for luncheon at 1
p. m.
Big Gain Shown in
Licenses for Autos
Salem, .Or., Aug. 13. Secretary of
State Olcott has issued 21,660 automo
bile licenses so far this year., an in
crease of 6110 over. the same, period in
1914. Three thousand motorcycle li
censes have so far been issued, as com
pared with 2180 in the corresponding
period a year ago. Chauffeurs li
censes show a remarkable increase,
there being 3350. while last year at this
time the total was 1533.
H0QUIAM MAN IS KILLED
Aberdeen, Wash., Aug. 13. Nels O.
'Strand, a well known resident of Ho-,
quiam, Wash., was killed here yester
day, when he was run down by a train.
His head was cut off. 1
Sparks Start New Fire.
Sparks from the big fire at Missis
sippi avenue and Beech street, which
occurred shortly after noon yesterday,
smoldered and finally set the roof of
the Scandinavian Maternity home762
Mississippi avenue, to blazing about
2:30 o'clock. The fire was .quickly
extinguished without much loss.
NO FERE SALE-
BANKRUPT SALE KiJte.&
Men's New Fall Suits
at prices below the high-rent stores on the ground floor.
Instead of paying $1000.00 a month rent I only pay a
little over $50.00 for 709 square feet of floor space.
THAT'S WHY I can sell
- 4
JIMMY DUNN
315-16-17 Oregoniari Building
ELEVATOR TO THIRD FLOOR
OPEN SATURDAY EVENINGS
Plays Some,
Too
No. 14 of a Series
Does Alexander only work?
Oh, no, he finds much time for fun.
It's just like this he does not shirk
When duty calls, BUT GETS IT DONE.
Stamp No. 15 will be released tomorrow
Morrison Streets, Portland,
(SINGLE TAX JILL
COME. AT CLOSE OF
WAR, WOMAN SAYS
Mrs. Mary : Fels, Widow of
Noted Advocate," Makes
Prediction.
Seattle, Wash., Aug. 13. (U. P.)
Mrs. Mary Fels, widow of -the late
Philadelphia millionaire, 'Joseph Fels.
who is spending a fortune in further
ing the single tax movement. Is In
Seattle today and is scheduled to ap
pear as speaker at three public gather
ings. With Mrs. Fels are Daniel Kiefer,
secretary of the Joseph Fels fund com
mission; Dr. John W. Slaughter, of tha
University of London, England, and
Miss Gertrude Huebasch, of New Tork,
Mrs. Fels traveling companion.
" "Single tax will. come," declared Mrs.
Fels at the Washington Annex, where
the party is stopping, "with, the close
of the war.. In no other way can the
nations "pay their enormous debts. The
war will also bring about 'universal
woman suffrage.
"The men-wbo are fighting now will
return to their homes to find the land
taken from the big landlords by the
state and will never again bow their
necks under the yoke of slavery, as in
the past"
Pasadena Promoter
Charged With Arson
Pasadena, Cal., Aug. 13. (P. N. S.
Charging that F. H. Hamilton, a min
ing promoter and former well known
real estate man, deliberately set fire to
his handsome residence on South
Orange Grove avenue, causing, loss to
The Upstairs
CLOTHER
Oregon
the. building and contents estimated
at 320.000. warrants for his rrest
were issued today by Police Judge Mc
Donald, according to the police.
Officers st once began a search for
Hamilton, who, with his wife, was said
to have left' for Tucson, Arts. The
complaint charging arson against
Hamilton was signed by the chief of
police, and was made at the instance
of fire insurance companies, which, it
is alleged, secured the evidence upon
which the charge is based. Tha fire
occurred August 8.
Aliens to Be Deported.
A special car will leave Seattle. Au
gust 18, over the O-W. R. A N., to
pick up aliens ordered deported by
the government.: The car will be
They Mean Something
to You
do the twice-a-week specials offered by this Big,
Roomy, Snow-white Market. They mean a sav
ins: worth while in MEATS of selected quality,
and fresh, backed up by honest weight. Get
acquainted with us it will be to your advantage
1
Read the
Saturday
PICNIC
a me-
Pound. JLL ii
fS?OA.ST'. , . 1 0c
Shoulder i
pork roast, 1 1 han
Pound. JLL 21
Fresh
SPARE RIBS,
Pound .
Cascade Special l
Pound , . .
ROASTS of
SPRING LAMB,
Pound .........
Choice 1 l
VEAL ROASTS, p
Pound . ii il
Here Are Other Items of Interest
SPECIALS IN THE
BUTTER STORE
Freh Creamery ftf
Butur, 2 lb. for.... vIlC
Good Creamery Cp
Buttor, 2 ib. for . . . . JO V
Freh TilUmook QK
Cheese, 2 Ifee. for. . . Otli
Freah Ranch Egg, CCp
2 doien for OOK,
4 Cans Candenaed Of?
Milk for
tdUKs
SPECIALS IN
Fresh Salmon,
3 lbs. for . . .
Fresh Halibut,'
the pound ...
25c
10c
JENNINGS
12-inch tray with cretonne center, covered with lieavj
glass, beautiful nickel rim and handles, and ball feet, com
plete with -six etched blown glass tumblers. Only 150 sets
to be sold at this special price. Regular $2.50 value.
Special
No Phone Orders None C. O. D. No Deliveries
Basement Salesroom- -Main Store . '
Henry Jenning & Sons
FIFTH AND WASHINGTON
niOViwt via. f!mi TTrrivf rn ia T?AtAlr'n
N. J - and is especially ' constructed
for the purpose for which It -la used'
Homesick,
Commits Suicide
Aberdeen. Wash.. Aug. . It. Mrs.
Michael Barron, bride of two months,
committed suicide by drowning in the
Humptulips river yesterday. Mrs. Bar-i
ron waa formerly Miss Martha Spring,
fit San Francisco, and came to Portland,
a June to bo. married. Het husband!
had left her on a ranch while he wentj
to Seattle to work and she became,
"""'!
List Below
Specials
itzn
1L JvL
SPECIALS IN THE COFFEE
AND SPICE STORE
Panama Coffee, regularly 35c
pound, offered here erery
Saturday at the pe- OQf
cial, pound dIj
Mason Fruit Jars, 45 C
JeUy Glasses, A Kg
2 dosen for I ttJl
Dr. Price's Jelly Pow- Or
der, special, 4 pkgs. UOVs
THE FISH STORE
Fresh Cooked Crabs,
each '.
10c
Fresh Cooked Craw- Ofl
fish, dozen Ut
SATURDAY
SPECIAL!
leu
IQc
14c
Serving Set
dyay$1.24