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About East Oregonian : E.O. (Pendleton, OR) 1888-current | View Entire Issue (Sept. 21, 1906)
TltN PAGIOB. PAGtS RfTt 1A1U 1 rioi Vf. lVf.l.l, r.iimiiw.it r mu.ii, Hj.unr.u turn. , "" I '"' """ " . . . a A. . iAaAaiAlAlAl4l44 ll i ; . NEW YORK LETTER New York, Sept. Jl. The real es tate boom, which had assumed such Immense proportions, has suffered a check. The current stringency In the money market has struck the real es tate market harder than any other section of the blxness community. Mortgages were paying such compar atively small rates that many invest ors have fallen Into the habit of loan Ins: on other securities, and conse quently real estate mortgages have been left to the savings banks and building and loan societies. On both of these the speculators in real estate had leaned with great weight, fairly rushing the market with their applications, In order to buy the bargains, which were offered by all the suburban dealers. The purchases had been largely in excess of legiti mate Investment, stirred up by large Dorflts made In Quick exchange of property. Besides this the savings banks have been drawn upon very heavily by depositors, for Investment In real estate, so that they have less than the usual proportion of assets to Invest in mortgages based also upon real estate. In consequence there Is no longer a boom In real estate circles, but rather a decided dulness, not to say gloom. Since January 1 the total number of mortgages that had been IN THE Ii.M lHAlTnS. Ititilroad Cumimny Aenurd of Ac quiring Coal Lands Illegally. A special from Denver says: The investigation into the sensa tional charges In connection with the Union r.iclflc railway company s aux iliary, the Union Fuclflc Coal com pany, with extensive land frauds ac complished thru perjury, conspiracy, false representation and the use of disreputable characters ns "dum mies" is scheduled to come before the Interstate commerce commission. The commission is empowered to proceed by virtue of the Tlllmun-GII- lesple congressional act, which gives it authority to Investigate relations existing between railroads and coal and oil companies. Before the In quiry has ended it Is said that men high n the councils of the Union Pa cific companies and numerous sub orllnates as well, will be enmeshed In the chain of evidence which the government officials ore planning to forge. Whatever evidence Is added will be placed in the halid of the de partment of Justice for such legal proceedings as it may deem neces sary. In the course of the investigation, It is assured, evidence will be Intro duced showing that men drafted from flotsam and Jetsam of Denver were used early in 1904 to make the declar atory statements required by the gov ernment to the effect that they wish ed to become possessed of Wyoming coal land, and they were then paid sums ranging from $3 to $10 by ngents of the Union Pacific Coal company to give n power of attorney to a rep resentative of the Union Pacific Coal company, who Is said to be one of its well known agents, and sign relin quishments to their rights In the premises. How to Avoid Appendicitis. Most victims of appendicitis are those who are habitually constipated. Orlno Laxative Fruit Syrup cures chronic constipation by stimulating the liver and bowels, and restores the natural action of the bowels. Orlno Laxative Fruit Syrup does not nause ate or gripe and Is mild and pleasant to take. Refuse substitutes. Koep pen's drug store. An International Match Trust. San Francisco, Sept. 21. A repre. sentative of the Diamond Match company sailed today for Japan, to carry out the arrangements under the compact which has been signed le- tween the Japanese government, the Amrelcnn Match trust and the Eng lish match concern of Ilryante & May. Japan lias been nursing the match Industry and now supplies all her own requirement, and also controls the trade in China, Australia, parts of the East Indies and the Philippine Islands. Japan wants to acquire the latest ma chlnory and for that reason has en tred lpto the union with the Amerl can trust. PORTLAND REALTY Fine new 2 story brick cement basement, foundation for 4 stories, on north 5th street, near Glisan. Responsible tenant, has three years lease at. $1800 per annum. Price $i 8.500. Pays over 8 per cent above taxes and insurance, or over 10 per cent net on amount of cash (necessary to handle it. You will have to act at once if you want this, as the market iis strong and advancing. Have a choice list of investments paying as high as 15 per cent net. 1. J. D AS FAILING BUILDING 3rd and Washington Sts. PORTLAND, ORE. recorded up to last week was 19,818 against 24,048 last year for the same period, and they were for over 180 millions of dollars less money. And this, altho there has been but a slight falling off In the number of buildings erected. This shows that the bilders have not secured all the money they needed for the construction of the buildings they have put under way. The rate of Interest has kept up notwithstanding the operation of the mortgage tax law, which exacts halt of one per cent at the time of record ing the mortgage, and exempts the mortgage from further taxation, and It has had no effect upon the rate of interest The Hiding and loan com panies report that they are loaded up o their full limit The result will be that the high prices high prices of real estate will soon show a decline. Fail ures of some speculative bilders are spoken of as not at all unlikely, 8-Year-Old Heroine. Heroes and heroines continue to crop out In the reports of the day's doings off the great city and Its sub urbs. Over In Jersey City, modest 8- year-old Jessie De Toung, said to an officer who commended her for sav Ing her playmate, aged IS, from drowning: "Well, t couldn't stand there and see Nellie drowned, could IT" Jessie and Nellie Drew had been playing near the river at Bayonne, when Nellie fell in. without a mo ment's hesitation the 8 -year-old girl Jumped in with all her clothes on, and swam to her drowning playmate. Just before she reached her side Nellie sank for the second time and Jessie dove and caught her by the arm Nellie struggled and several times pulled her smaller rescuer under wa ter, but wlthtjrare presence of mind Jessie held the other girl under water until she had lost consciousness and ceased to fight. Then, tho almost ex hausted, she swam with her to shore. Dived ISO Feet The boy that dived from the Brook lyn bridge last week Is an expert at the blxness. He experimented to see If he could Blve a hundred and thlrty- ' six feet as he had dived many smaller distances. He gives out the state ment that the only thing he could think of In his descent was the fact that he had not paid his laundry bill. He said he only bunged his eye a little bit and felt a little sore. He weighs 152 pounds, but he says he made a shallow dive, going under only 10 feet and could have swum to land easily if a tug had not been handy. He certainly did not dive for pur poses of suicide. He managed to have his head strike the water first, and said it did not seem as long for his descent as It had done In previous Jumps of 65 feet which he frequently makes. The magistrate told him he might have killed himself, but he said he didn't that diving was his blzness, and he knew all about It. The magis trate was quite fascinated with his story, and gazed at him in wonder. Hair Tonic Fire. The dangers of the barber shops seem to Increare In number and vari ety. A bald man ha a hard time of It when lie enters a barber shop; as danger seem to be lying In wait for his hapless scalp. Heir tonic was the cause tit a hnld man getting his scalp badly scorched the other day In city shop. The barber had Just ap plied It when the victim struck a mat.'h with v.hleh to light his cigar The vapor of the hair tonic caught Im mediately, and In n second the man's head was a mass of flames. He yell, ed and Jumpt in hi? feet while the other customers ran around the shop half lathered and half shaved. The imrber to extinguish the flames Involuntarily poured more hair tonic on the blazing hep.d, which added tc the flames and the terror of the cus tomer, and he yelled still louder Then a barber assistant who had sur rendered their prey, and quiet once more reigned In the barber shop. It was a lively little fire while it lasted Free R.oms Fai Week Welcome Ladies and Children to our FREE Rest Rooms, Reading Rooms and Toilet Rooms. Up-stairs, opposite Fair Pavilion. IT lrMS3 Your Children, Your Friends, or Your Lunch and enjoy a Quiet Time Up the first stair north of the Fair Headquarters. A Lady in Charge to Look After the Wants of Women and Children. Cored Hay Fever and Summer Cold. A. J, Nusbaum, Batesville, Ind., writes: "Last year I suffered for three months with a summer cold so dis tressing that It interfered with my business, I had many of the symp toms of hay fever, and a doctor's pre scrlptlon did not reach my case, and I took several medicines which seemed to only aggravate my Porta nately I Insisted upon having Foley's Honey and Tar In the yellow package, and It quickly cured me. My wife has sine used Foley's Honey and Tar with the same success." Koeppen's drug store. ' The Sumpter public schools have reopened with an enrollment of 188 pupils, and the attendance la expected VWWm Please, ( trP 5r'Y ?ft. 1 mlX-:ramsE1. VIEWS OF THE LARGEST FURNITURE AND CARPET HOUSE IN EASTERN OREGON. to exceed 200 later on.