EVENTS OF THE DAY
Newsy Items Gathered from All
Parts o! the World.
PREPARED FOR THE BUSY READER
Less Important but Not Lest Inter
esting Happenings from Points
Outside the State.
Brit mil authorities say sea fatalities
arc (Increasing.
An Ohio schoolboy hag had bis skull
broken through hazing.
Los Angeles girls aro to buy an air
ship and enter contests.
The Omaha street car system is com
pletely tied up by a strike.
New Zealand is to build one Dread
naught and ono cruiser for England.
An immense graft in county affairs
has, been unearthed at Wilkosbarre, Pa.
Tho bank clerks wanted in Victoria,
B. C, for passing bad chocks, have been
caught in New York.
The Wright brothers promise more
flights, in which they will make new
records with their machine.
Tho German government is likely to
reject Count Zeppclin'B airship, because
it is so bulky as to bo faulty.
Ex-Supervisor Oallighcr, of . San
Francisco, is to retire on his stolen
wealth. Ifo is now safe from prosecu
tion on account of the statute of limi
tation. Governor Johnson, of Minnesota, has
suffered a relapse and lies at death's
door.
The national convention of bankers
has declared against postal savings
banks.
The high court of St Petersburg is
passing out wholesale sentences on the
mere word of spies.
T Y. Uchida, now Japanese ambassa
dor to Austria, will be transferred to
the United States.
Western Canada" trades unions are
making a fight against using Oriental
labor on the railroads.
In a speech at Winona, Minn., Pres
ident Taft declared the present tariff
law the best the country ever had.
The steamer Nicholas, en route from
Havana to Cienfuegos, went ashore on
the Isle of Pines and 29 lives were IobL
The Great Northern and St Paul
promise a 66-hour schedule from Chi
cago to Seattle in the fight for mail
contracts.
Dr. Cook says he has records which
will provve he was at the Pole and will
convince the skeptics as soon as he
reaches the United States.
The Interstate Commerce commit
sion will investigate the reasons for
the Santa Fe withdrawing its offer to
put on a fast mail train to the Pacific
coast
A temperance wave is sweeping over
Germany.
London's new non-tip hotel is mak
ing a great hit
The forest fires in Southern Califor
nia continue to grow.
Governor Johnson's physicians a
nounce that he will recover.
Mexicans attacked and stoned the
Austrian consulate at Montereyx.
The damage to the Portland Flour
ing mills plant is placed at $300,000.
Peary says he will be glad to refer
the Pole controversy to an arbitration
court
A new pretender to the Persian
throne has appeared and troops have
been sent to suppress him.
The Russian cabinet has decided that
the czar is supreme in all matters re
lating to the army and navy.
Walter E. Clark, the new governor
of Alaska, says there must be peace
between the rival political parties.
Two Los Angeles men, both over 80,
fought over a woman who is 75. One
of the combatants is in the hospital.
Robbers attempted to hold up a Rio
Grande train in Colorado, but did not
succeed in getting into the express car.
The widow of Claus Spreckles has
been awarded $3,000,000 of her bus-
band's estate.
It now seems as though the Chicago
streetcar men will win their fight with
the company.
Willliam R. Wallace has been chosen
for the Democratic candidate for may
or of Salt Lake.
James J. Hill says too many people
are going to the cities instead of stay
ing on the farm.
Thousands of acres of pasture and
wood land baa been burned, over in So
noma county, Cal., by forest fires.
Peary reiterates that he is the only
white man who ever saw the role and
promise! to disprove Cook's claim.
k David E. Thompson, United States
ambassador to Mexico, bas secured
control of the Pan-American railroad,
" a line 244 miles long.
The port of Mulege, on the east
coast of Lower California, was over
whelmed by a tidal wave September 4.
Considerable property was destroyed.
Dewey says the United States needs
a larger navy.
It is said the Harrlman estate will
pot be divided.
JURY TAMPERING FOUND.
Chicago Investigations Promise Huge
Scandal in County Affairs.
Chicago, Sept. 20. A gigantic con
spiracy for the "fixing" of grand
juries of Cook county, extending back
over a year and culminating in the
fraudulent certification of names for
the October grand jury, was revealed
today, when State 's Attorney Wayman
secured bench warrants for John J.
Holland, secretary of the Cook county
jury commission; Jury Commissioner
Willis J. Kayburn, and Nicholas A. Mar
tin, Alderman Michael Kenna's uecre
tary, on a charge of tampering with
jurymen.
The warrants were issued today by
Judge Jesse A. Baldwin, of tho circuit
court.
The charge against tho three is that
they conspired to draw nainesTrf grand
jurors in a manner other than that re
quired by law.
Coming at the height of the trial of
Inspector MicCann for alleged grafting
the news of the action based on allegei!
tampering with the jury lists caused
groat excitement in legal and political
circles. The complaints on which the
warrants were issued were, drawn up
by a special agent of the state's attor
ney, who has been investigating the
jury-drawing methods for weeks.
Undor the state law tho names of
prospective grand jurors aro selected
at random from a sealed box contain
ing tho names of 1500 citizens who
have been examined for jury service
by tho jury commissioners and theii
fitness certified. A similar method if
proscribed for petit jury lists.
NEW DUTIES HURT.
French Lace Manufacturers Hard Hit
by American Tariff.
Paris, Sept. 20. What France think?
of America's now tariff schedule is be
ing evidenced in no uncertain fashion
those days, and tho attitude of French
manufacturers generally is correctly ex
presed by luco and tullemakers of
Calais, which has thrived for genera
tions on its filmy products, with the
women of the United States its be
customers.
As a direct result of tho 70 per cent
tariff on laces nnd tulles, which tho re
cently adopted tariff law of tho United
States lias marked up on this clnss of
manufactures, Calais is threatened with
tho loss of many inhabitants.
Former great prosperity of this city
has dwindled almost to tho vanishing
point. Conditions have finally beconu
so aggravated that long-established bus
iness men aro abandoning their estab
lishments and moving away from the
city. Fooling runs high in Calais
against employers.
AMERICAN SURGEONS LEAD.
Doctor Says Foolish to Go Abroar
for Treatment.
New York,- Sept. 20. Dr. Lewis Liv
ingston Seaman, one of tho delegates
to the recent international medical con
gross at Budapest, arrived on the
steamer Campania from Liverpool, and
spoke encouragingly on tho showing
made by America and tho success of
the congress.
"The Americans nre far ahead of
other nations in many branches of siir
gory and medicine," said Dr. Seaman
"as shown by the testimony nnd the
exnitiits at the congress. Tins is par
ticularly true in the case of nppondi
citis, where wo excel both in tho treat
moat of tho dittenso and tho technique
of tho operation."
Speaking generally, Dr. Seaman said
it was tho height of insanity for Ameri
cans to go abroad for treatment by
foreign specialists when there aro phy
sicians at homo who could "walk all
around" tho European medical men.
Japanese May Soon Fly.
SIIANGUAI, Sept. 20. The interest
ing announcement is made that a so
ciety for aeronautic research has been
formed in Japan, under tho title of the
Temporary Military Balloon Investiga
tion Socioty. It is to consist of 20
members, selected from oflioers on the
activo list of tho army and navy, nnd
from men of science in general. The
selection of the president nnd members
will bo made by the minister of war,
with the approval of the cabinet. Noth
ing is definitely stated as to the pro
vision of funds, but apparently tho duty
of financing the onterpriao will devolve
upon the departments of war and navy.
Grasshoppers In California.
Sun Bernnrdino, Cal., Sept. 20. This
city was overrun last night by millions
of grasshoppers that took possession
of the streets nnd disappeared mysto
riously this morning. Last evening
myriads of tho insects mnde their ap
pearance, literally covering tho street
and sidewalks-in the business and resi
dence sections of tho city. They dis
appeared with tho approach of daylight.
According to reports from Highland and
other points in the valley, the pest is
confined to this city. No damage to
crops has been reported.
Steamer Ohio to Junk.
Seattle, Sept. 20. Tho safe of the
wrecked steamship Ohio was brought
down from Victoria on the Iroquois. It
had previously been taken to- Victoria
by the Canadian salvnge vessel Salvor,
aud it now rests at the Column dock
here. The sate and its contents were
intact, and there was a largo sum of
money in it when opened. Tho figures
given are 107,000. The wreck of the
Ohio itself will probably be broken up
for junk,
Mexican Floods Raging.
Mexico City, Sept. 20. A special dis
patch from the town of Taxapan, near
the port of Tampico, says: The river
suddenly rose last night, and the west
ern part of the city is inundated. The
water is rising hourly. Reports from
outlying ranches are most alarming.
Water six feet deep Is reported from
some sections. Losses to stock and
crops will be great. 1
OREGON STATE ITEMS OF INTEREST
OPENING AT LAKEVIEW.
Every Participant Sure of Securing
Land or Lot.
Lakeview The distribution of the
lands of the Oregon Valley Land com
pany, owners of the old Oregon mili
tary road grant, and the Heryford Cat
tle company's lands, not only is the
largest private land opening in - histo
ry, but it differs in many ways from
land allotments made by the United
States government. In the Lakeview
opening every participant gets a tract
jf land and a town lot. There are no
blanks.
Three hundred thousand acres of land
are being distributed practically with
out expense to the public. The lands
were cut into 11,992 tracts, varying in
iize from lOacres to 1,000 acres, and
that number of contracts were sold for
200 each, every contract being good
for a tract of land and a Lakeview lot.
The purchasers live in every- state in
the Union, but the bulk of the con
tracts were sold in the Middle West.
About 3,000 contracts were sold in Ne
braska, 2,000 in Kansas, and smaller
allotments in Missouri, Iowa, Illinois,
Ohio, Indiana, Minnesota.. Oklahoma
and other states. Nearly 1,000 con
tracts were bought by Oregon and Cal
ifornia people.
FOREST FUND IS $33,120 47.
Oregon'School Fund Is Increased by
Reserve Receipts.
Salem Congressman Hawley has re
ceived a letter from the acting secre
tary of the interior to the effect that
under the terms of the agricultural ap
propriation act 'or 1909, approved
May 23, 1908, $33,120.47, realized
from forest reserves in this state dur
ing the year ending June 30, 1909, will
be turned over to the state to be placed
in the common school fund of the Btate.
The law provides that 25 per cent
of the money received from each forest
reserve shall be paid at the end of the
ear to the state treasurer wherein the
reserves are-located, to be expended as
the legislature may direct for the pub
lic schools and public roads of the
county or counties in which the forest
reserve is located.
The total amount realized from the
forest reserves of Oregon during the
year ending June 30 was 132,481.88.
Mr. Hawley was instrumental in se
curing the enactment of the clause un
ler which the public schools receive
forest reserve revenues.
Grand Ronde's Greatest Crop.
La Grande Heavy rains throughout
union county have greatly delayed
threshing, but it is estimated that
most of the work will be finished with
n the next two weeks, although there
sill be, a small amount that will not
be finished in the next 30 days. The
yield in Union county is estimated to
run over the 1,000,000 bushel mark,
This will be the largest amount of
wheat ever grown in the Grand Ronde
valley. The farmers are not so inclined
as they were at first to hold onto their
wheat until it reaches the dollar mark
ind are letting the wheat go in small
amounts every day. The price ranges
around 80 cents for bluestem, 79 for
10 fold ar.d 77 for club.
30 Cars Prunes Shipped.
The Dalles The prune crop of this
county, with the exception of a few
orchards on extremely high ground,
has been harvested and the crop has
seen marketed. There was a total of
30 cars shipped in carload lots, besides
perhaps four cars shipped in small
quantities by express. The prunes
have netted the growers a little better
than $22.50 a ton, I. o. b. The Dalles,
The bulk of the crop has been bought
and shipped by The Dalles Fruit com
pany, though a few carloads have been
shipped by growers.
Coos Port Plans Dredge.
Marshfield The commissioners of
the Port of Coos Bay have ordered plans
and specifications for a suction dredge
a little larger than tbe dredge used on
the Coos bay harbor, and also for a
bucket dredge for the rivers. It is es
timated that the cost will be about
190,000. Colonel J. B. Lock wood,
former engineer for the Port of
Portland, advised the commission re
garding the harbor work it contem
plated. Hop Crop 60,000 Bales.
Salem Hoppicking in the Krebs
yards is finished. Mr. Krebs estimates
the yield of the Krebs yards at 1,800
bales, about 1.200 less than the nut nut
of a normal season. Krebs declares
that, while the hops are lighter, they
are of an unusually fine quality, with a
verv Blipht amount of mold. ponaiHov.
in? the unfavorable conditions. TT
estimates the Oregon crop at not to ex
ceed 60,000 bales.
Drill for Oil Near Nehalem.
Nehalem The Hydrocarbon Oil com
pany is building a large drilling camo
near here, a barge load of heavy ma
chinery having already been received.
Actual drilling wilt commence very
soon.
Pear Crop Short.
La Grande The first carload nf
that will be shlnrted out of La Cranri
this year is being packed now. The
suddIv will not bea a abundant as that
of last year.
Seven Pound Potato.
Pendleton Cearm Dndir. mnlan.p
for the J. E. Smith Livestock com
pany, haa a potato that weighs 7X
pounds. The seed was planted in
March.
UMATILLA WHEAT CROP.
Flood of Gold Follows the Harvest in
Prosperous Grain Center.
Pendleton, The lure of 13,000,000
in bright gold pieces, without taint or
reserve, sends a thrill through the peo
ple of Umatilla county, at this season
of the year that cannot be appreciated
by any one who as not felt the charm
of the grain fields when each golden
head nods to the thrifty farmer its
readiness to be converted into gold for
his purse as reward for his efforts dur
ing the 12 months closing with the
gathering in of the sheaves. Tbe call
of the grain fields has been heard, the
tremendous task of saving tbe harvest
has been performed, the marketing of
the grain is the duty which calls forth
the best judgment and tact of the farm
er, in this county, where to raise grain
successfully rand largely is the ambi
tion of every owner of land.
Umatilla county farmers have just
finished harvesting a crop of grain that
will place fully $3,00u,000 in their
purses. The crop will net about as
much money as any produced in the
county, inasmuch as the price to be re
ceived will be much higher than was
taken for the "bumper" crop of 1907,
when Umatilla county produced more
than 1 per cent of all the wheat grown
in the United States. Umatilla coun
ty is easily tbe grain center of Oregon,
producing practically one third of all
the state. There was a time when
Umatilla county "took off its hat,"
metaphorically speaking, to the Wil
lamette valley in the growing of grain,
but that day has long since passed into
aistory. , ,
Hay Prices High.
Klamath Falls Despite the fact that
the hay crop is fully up to tbe average
and the acreage is larger than hereto
fore, stockmen complain about exces
sive prices. Alfalfa is held at $8 and
$10 in the stack. Last year the crop
was not quite up to the average and
the price ranged from $7 to $8.50. It
is contended by stockmen that unless
the producers sell for less money there
will be a shortage in the regular num
ber of cattle to be wintered in the Kla
math basin.
Alfalfa Brings High Prices.
Freewater The alaflfa crop in the
Hudson Bay country is almost entirely
in Stack. This section received its
name from the fact that the Hudson
Bay company in the early days of Ore
gon wintered their stock in this vallev.
The climate is milder than that nf the
surrounding country. Large bands for
Spokane and Seattle markets are win
tered here. The crop will be about
20,000 tons and ranchers are getting
ano $iu a ton at tbe stack.
Pheasants Sent to Idaho.
Corvallis The largest consignment
of Chinese pheasants ever shipped out
of the state left Corvallis a few days
ago for Boise. The state of Idaho is
the buyer. The game birds were rais
ed and sold by Gene M. Simpson, whose
ixnrvallis pheasant farm is the second
largest in the United States. The
birds, 1,000 in number, filled the spe
cial car mat was brought for the Dur-
pose by B. T. Livingston, deputy game
waraen lor tne state of Idaho.
PORTLAND MARKETS.
Wheat Bluestem, 97c; club, 87c;
rea Kussian. 85c; valley, 90c; fife,
87c; Turkey red, 87c; 40-fold, 89c.
Barley Feed, $26.50; brewing,
$27.50 per ton.
Hay Timothy, Willamette valley,
$13 15 per ton; Eastern Oregon,
H6.60fffil7.K0: alfalfa. ilJ.
$14; cheat, $1314.50; grain hay
Butter City creamery, extras, 36c;
fancy outside creamery, 333)36c: store.
21022c per pound. Butter fat
average l)c per pound under regular
Duiter prices.
Eggs Oregon ranch, candled, 31c
per dozen.
Poultry Hens. 15W(f?16e iwrnnnnrt
springs, 15&16c; roosters, 910c
ducks, young. 14 c:
10c; turkeys, 20c; squabs, $1.752
per aozen.
Pork Fancy, 10c per pound.
Veal Extra, 1010c per pound.
Fruits Andes. $lff)2.2R ru r Yuvw
pears, 60c$1.25; peaches. 66ca)$1.2G
per crate; cantaloupes, 50c1.50:
plums, 2576e per box; watermelons,
l(S!l &C Der Dound : crsrvos fifVrtTti or
per basket; casabas, $1.752 per
crate; quinces, $1.50 per box.
Potatoes $1 per sack ; sweet pota
toes, 2(ffi2i4'c per pound.
Unions $1.25 per sack.
Vegetables Beans. 4(SSe Tier nrainri
cabbage, llc; cauliflower, ?5c
'..zo per dozen; celery, 60c$l; corn,
locajzuc; cucumbers, iU(j$Z5c; onions,
12W(i15c: Deas. 7e rjer nnnnH nan.
Ders. BfffilOc: Dumokins. lkiifn,,..
squash, 5c; tomatoes, 85(ffi;40c per box.
nops isua ruggies, zuc; clusters,
nominal; 1908 crop, 17c; 1907 crop,
izc; jauo crop tsc per pound.
Wool fc. astern Ore iron. 16(ffi23e twr
Bound: vallev. 23rtf25c mnhai
choice, 2425c
Cattle Steers, top, $4.25; fair to
good, $4; common, $3.503.75; cows,
top, $3.25(23.50; fair to good, J3C j
3.25; common to medium, $2.502.75;
calves, top, $5$6.60; heavy, $3.504;
bulla, $2(f(2.25; stags, $2.503.60.
Hogs Best, $8 ; fair to good, $7.75
7.85; stackers, $67; China fata,
$7.608.
Sheep Top wethers, $4; fair to
good. $3.60f3.76; yearlings, best, $4;
fair to good. $3.60(3.75; ewes, Xc
leas on all grades; spring lambs, $5
6.25.
TAFT SMILE WINS.
President Beams His Way Into Favor
With Chicagoans.
Chicago, Sept. 17. President Taft
smiled his way into tbe hearts of 600,
000 Chicagoans yesterday, denial ity
and "Bill" Taft for that's what the
multitudes called him ruled the city
for 15 hours. From the moment he ar
rived until he entered his private car
to leave, through all the autoraobiling
and speechifying and handshaking and
excitement, there was one thing which
shone as brightly as tbe sun of a per
fect day. It was the famous smile.
That smile was commented upon every
where. It was cheered and it made
those who saw it feel more pleased
with the world and with themselves,
Good humor, jollity, happiness these
followed Mr. Taft like attendant guard
ians wherever he went.
And in response to that smile Mr,
Taft got the smiles and laughter of the
throngs, as well as their shouts and ap
plause. All the way through the 16
miles of streets which he traveled dur
ing the day in a motor, at the West
Side ball park, at the Orchestra Hall
meeting, at the bankers' ball, Mr. Taft
saw thousands upon thousands of faces
which smiled at him and which cheered
him.
"It's grand," said the chief execu
tive before he had been in the city five
minutes. "I'm really vastly glad to
be here."
As his automobile swept down Mich
igan avenue in the midst of 150,000
school children, he turned to his aide-
de camp, Captain Archibald W. Butt,
U. S. A., and his voice was just an
atom husky.
"This is wonderful. Butt." he said.
"The cheering of the children is most
pleasant to me, and yet affecting, for
we know that the cheering of the child
ren is sincere."
At the great bankers' ball there
were silks and . white shoulders and
jewels; there was rythm of waltz mu
sic and glow of pendant lights; there
was dancing by blushing debutantes
and eplgramatic foreign consuls; there
was promenading by prominent bank
ers and dowagers and beauties and pol
iticians. And the chief individual fig
ure of the scene was the big man in
evening dress who smiled and smiled
and smiled.
Unqualifiedly President Taft is in
favor of union labor. This was the
subject of his main speech today, and
in plain terms he upheld organization.
but demanded that the rights of non
union labor be protected. Next to this
in national importance was his de
nouncing the present court system. He
deplored delays in the administration
of justice and announced an intention
to urge congress to make a change.
MONEY FOR WIDOW.
Mrs. Harriman Is Made Only Benefi
ciary in Will.
New York, Sept. 17. A hundred
unei woros, weignted each with ap
proximately $1,000,000 and containing
in their entirety the last testament of
C U IT- ! ! .
u. iiomumii, Kiven oui yesterday,
make his widow, Mary Averill Harri
man, one of the wealthiest women in
It rmrhana in tha Kfiafaofr
. r- mill un re
cord for the disposal of an estate of
such magnitude. All his property is
left to Mrs. Harriman. Wall street
estimates tnac Mrs. Harriman will in
herit in realty and personal property
between $75,000,000 and $100,000,000.
Mr. Harriman's private fortune is bud!
nnoa'l 4-a a.-..- I . . .
f""J w ueen greater than this
by many millions, but there is reason
to believe that his unmarried daueh-
Vf n ... J J", i ... "
la "jr wu varoi; nis married
daughter, Mrs. Robert Livingstone-
Guerrv: and h 1 F1 tfVn anna Willi-
Averill and Roland, a boy of 14 to-
rotha :U U! ... . .
bw.c mm mo surviving sister, Mrs.
Simons, and other relatives, have all
been substantially provided for with
gifts out of hand.
The will is dated June 8, 1903, and
is witnessed by Charles A. Peabody
president of the Mutual Life Insurance
w.K..j,, wuo urew ii, and u. C. Tege-
. cauuuy was mr, Harri
man's elnun
ruwua i iciiu
Mr. Harriman, by making no be
quests to children or relatives, avoided
the large share of the enormous inher-
Itonon Ma.:.l ...
" w"n, unaer tne laws of the
" "BW iorK, would otherwise
imposed.
be
Fires Destroy H
rxnard. Cal., Sept 17.-A great for-
... uurmng ronignt in the hills.
Telephone messages from Somis at 6
o clock called for all available men to
fight the flames. Four families were
burned out in Las Posas hills today.
Hundreds of tons of hay and beans were
burned. Sevnrni hnnri. .:
--'"uilu men ioupnt
the fires all night, and have the biggest
tank vot hufnu i . .
. mo,,, ,n gaving the
ranchers' homes. The fires began early
v. ourneo in
varying directions ever since, devastat
es - wumuinai oi au mills of hills.
Sheriff Asks for Soldiers.
Newcastle. Pa.. Sent
count of todav'a
.... - . camuujc In 6
Sheet & Tin Plate company and import
ed workmen. In which .:t. 1..
perhaps fatally shot, Sheriff Wadding
ton tonight asked for state troops fo
Pf w" Pl'to plant The sheriff
informed the governor that the situa-
wv w ominous and that outside pro-
Canada Helps Travelers.
Ottawa On C
,. "7 ""- ji, xne tjana
dian Railway commission bas made an
order commanding all railroads in Ca
nada, which do an international busi
ness, to direct their conductors to nre
vent any undue interference with Das--engers
in Canada by United SUtesira
migration officials.
FOR POSTAL BANKS
President Taft Declares Party is
Bound by Plaok.
POINTS TO SUCCESS IN CANADA
President Says Government Has No
Reached Stage Where It Must
Be MoreThan Police Force.
Milwaukee, Wis., Sent 18. Provi
dent Taft devoted his principal address
in Milwaukee at the State Fai
grounds, yesterday, to the subject of
postal savings banks, which he strnn.,.
ly endorsed before a large and enthusi
astic gathering that overflowed the
grandstand. The president said that
the postal savings bank plank in the
Republican platform bound evervhnrtw
who called himself a Republican.
"If they do not like a Dlank in .
platform," said Mr. Taft "or if they
don t like the platform itself. thv
cease to be Republicsns or they are
Republicans with an exception, and
that indicates a free and enliirhtono
and discriminating people. But I am
here to uphold the doctrine of rtnntal
savings banks because I believe they
will fill a long-felt want in this coun
try. Ia the first place it is said the
postal savings bank is a very paternal
institution; that it has a leaning to
ward Socialism state Socialism and
that it purposes to take the banking
business out of the hands of private
persons and pu.t it into those of the
government. No, I am not a Socialist,
and I am net a paternalist, and I am
not in favor of having the government
do anything that, private citizens can
do as well or better; but there are con
ditions. We have passed beyond the
time of what they called the 'Laissez
Faire' school, which believed that the
government ought to do nothing but
run the police force, and we do not rec
ognize the necessity for the interfer
ence of the government because it has
great power and great resources be
hind it, and because Bometimes it can
Btand the lack of an immediate return
on capital to help out We did it in
our Pacific railroads. . We have done
it in a great many different ways, and
in this particular postal savings bank
business the government is especially
fitted to do what any system of private
bankers can do.
"The great usefulness of tbe postal
savings banks lies in the great encour
agement to thrift on the part of those
who are just wavering in the balance
whether they shall save the money or
use it because they don't Jcnow where
they can put it safely.
"Canada has the postal savings bank,
and what is the result along the border
in the Northwest You find Americans
going up to the border and making de
posits in those savings banks. . Why?
Because they have theguarantee of the
Canadian government"
President Taft said the government
had issued upward of $700,000,000 2
psr cent bonds of the United States
and floated them at par, at 2 per cent
or a little more.
"We did it by getting the banks into
a corner so they had to have, under the
law, some government security, and so
they were obliged to buy those 2 per
cent bonds," he said. Inclosing, Pres
ident Taft said :
"We are looking forward, I hope
with confidence, to a readjustment of
our whole financial system. Certainly
it needs it and it has' hen micnr Anted
that the savings bank might well await
L-fc T L . . .. .
Wat. i id oouna to say that l don t.
see the neceasitv for involving them.
It seems to me that one syBtem .can
stand by itself, and if we adopt' the
SavinCS hankfl thnv will SDiilu ha nnrlf.
ed into a general system of banking,
ueuause me savings hanks will furnish,
us five or six hundred millions of dol
lars, and that is a very tidy pile to have
around for the government to use le
gitimately in order tn rarrv nn anv
financial operations."
Old Kindness Rewarded.
Methuen, Mass., Sept 18. One of
those strange legacies bobbed up in
Methuen today when it became known
that Mrs. George Bramer had received
from attorneys in the Scilly islands the
information that G. Ribstock, a man
whom sho and her mother befriended
in Bermuda, bad willed her about 11.-
000,000 in railroad stocks and bonds.
When Mrs. Bramer met Ribstock in
Bermuda she then was unmarried, and
with her mother did many little kind
nesses for him in his old age. He was
80 years old at the time.
Germans On Water Wagon.
Berlin, Sent 18. A tnmnarance
campaign which ' promises to have a
marked effect on thA mnintnnlinn nf
alcohol in Germany, has been begun as
a result of a resolution adopted at the
Socialist convention at Leipeic The
resolution reouirea that momhora of
the party organization, which numbers
600,000, shall abstain from brandy and
other high alcoholic beverages and
shall try to diminish the consumption
by their companions.
Harriman's Property Estimated.
New York. Rant IB A.n;ntn
Wall street publication, "it can be
wiea on the highest authority" that
Mr. Harriman'a
between 175,000.000 and $100,000,000,
0. vwH-, ,0vJikvitii