The Estacada News
F re ig h t C a rs T ra v e l bu t an
o t 2 3 M iles a D ay.
b i n i Each Tlu n t o
ESTACADA
OREGON
NEWS OF THE WEEK
In a Condensed Form (or Our
Busy Readers.
A R eturn« o f the Lece Im p o rta n t but
N o t Lesa In tereatin g Eventa
o f the P eat W e e k .
General Harrison Gray Otis, of Los
Angeles, is seriously ill.
The government lias purcltased a site
for a Federal building at North Yak
ima.
The Chicago A Northwestern railroad
w ill build a new $20,000,000 depot in
Chicago.
The house of commons has voted to
grant home rule to the Transvaal and
Orange River colonies.
A general strike has been declared at
all the. ports of Italy and as a result
there is serious injury to commerce.
The Japanese ambassador to the
United States declares it useless to
think of war between his country and
ours.
Representative Hardwick, of Georgia,
would compel railroads to install the
block signal system and license all rail­
way telegraphers.
A m illion bushels of wheat are being
allowed to rot on Northern Pacific plat­
forms in Central Washington, while
sidings are crowded with empty cars.
An influential Japanese paper says
the solution to the present trouble in
the United States would be to allow
the Japanese to build their own schools
and If necessary to get aid from the
home government.
A verage
Chicago, Dec. 18.— “ Car shortage
and traffic congestion are more serious
now than they ever liave been in the
history of this country.
Already a
number of schools in the Northwest
have been forced to close because coal
shipments could not be liad.
Business
all over the United States is being in­
jured vitally by the existing conditions,
and remedy must be had quickly, if
cliaos in commerce is to be prevented.”
The forgoing statement was made by
Interstate
Commerce Commissioner
Franklin lane, who, with Commission­
er James 8. Harlan, arrived in Chicago
over the Pennsylvania road from Wash­
ington on the way to Minneapolis,
where a hearing w ill be given the rail­
roads and shippers of Minnesota.
“ When you come to think of the
freight car problem, it is one of the big­
gest in this country,” said Mr. lane.
“ Do you know that the average speed
of freight cars is only 23 miles a day?
Just think of it! W ith the big busi­
ness interests of Chicago and other
cities crying out for more cars, the
‘empties’ are leisurely making their
way across the country.
“ Something is wrong, or this condi­
tion would not exist.
I f the average
speed made by a freight car is only 23
miles a day, we might as well have the
old wagon trains and oxen back. They
made as good time as that, and there
were no rates or rebates or wrecks.
What Is the cause of this state of af
fairs? W ell, that is for us to find out,
ami we hope to do so in a very short
tim e.”
Mr. lan e said a number of com­
mercial organizations had suggested
and advocated a reciprocal demurrage
law that would compel the railroads
in the event of unusual delay, to make
good the damage.
LA R G ER
There is an upward tendency in
hop market.
the M o vem en t
Russian terrorists tried to kill
miral Doubpasoff.
Ad­
S A L A R IE S .
to Pay M e m b e ra o f C o n ­
gress M o re Gains F o rc e.
H ill has abandoned his Great North-
em-Burlington merger.
John Barrett, United States minister
to Colombia, is in Portland.
Negro convicts in Mississippi revolted
and several were severely hurt.
Chicago lias arranged terms for own­
ership of the street railway systems.
Cardinal Gibbons defends King Leo­
pold’s government of the Congo state.
The pope says French political free­
dom does not compare with that exist­
ing in America.
The Interstate Commerce commission
w ill stait at Minneapolis in January
and work WeBt investigating the car
shortage.
The Mexican minister to the United
States says his government assumed
control of the railroads to prevent
American ownership.
President Smith, of the Louisville A
Nashville railroad, says political lead­
ers threaten to confiscate their property
and denounces Roosevelt and the judges
who fined the railways.
There is little hope of K ing Oscar's
recovery.
WORK ON THE CANAL
S LO W AS O X T E A M S .
President Sends Special Message
to Congress.
PRAISES PROGRESS BEING MADE
H ealth
on
Isthm us
G ood and M uch
H e id w a y H as Been M a d e
on C an al.
Washington, Dec. 18. — President
Roosevelt yesterday sent a special mes
sage to congress on the Panama canal
in which he reviewed his trip across
the isthmus and made many important
recommendations: Among other things
he said:
“ An inspection on the ground at the
height of the rainy season served te
convince me of the wisdom of congress
in refusing to adopt either a high level
o r a sea level canal. There seems to
be a universal agreement among all
people competent to judge that the
Panama route, the one actually chosen,
is much superior to both the Nicaragua
and Darien routes.
“ The wisdom of the canal manage
ment 1ms been shown in nothing more
clearly than in the way in which the
foundations of the work have been laid
“ The first great problem to be solved,
upon the solution of which the success
of the rest of the work depended, was
the problem of sanitation.
This wus
from the outset under the direction of
Dr. W . C. (iorgas, who is to be made a
full mem 1 s t of the commission, if the
law as to the composition of the com­
mission remains unchanged. The isth
mus had been a byword for deadly un-
healthfulness. Now, after two years
of our < K*en]Kition, the conditions ns
regards sickness and the death rate
compare favorably with
reasonably
healthy localities in the United States.
“ I t is curious to note the fact that
many of the most severe critics of the
commission criticise them for precisely
opposite reasons, some complayiing bit
terly that the work is not in a more ad­
vanced condition, while the others
complain that it has been rushed with
such haste that there has been insutti
cient preparation for the hygiene and
comfort of the employes. As a matter
of fact, neither criticism is just. It
would have been impossible to go
quicker than the commission has gone,
for such quickness would have meant
insufficient preparation. On the other
bund, to refuse to do anything until
every |sissible future contingency had
been met would have caused wholly
unwarranted delay. The right course
to follow was exactly the course which
has lieen followed.”
The president goes into details on
the work of exterminating mosquitoes
and then tells of the improvements
made in Colon.
The city has been
drained, a reservoir to supply water
has been built with a capacity of 50,-
000,000 gallons.
Washington, Dec. 18.— The time is
not far distant when congressional sal­
aries w ill be increased, this despite the
faint heartedness shown by members of
the house in the vote on the amend­
ment to the legislative appropriation
bill last Friday.
I t is the universal
opinion of senators ami Representatives
that the present salary of $5,000 is
entirely inadequate, and that view ap
pears to be generally indorsed by the
people. Just how large an increase
will be made is yet to be determined.
Some are contending for $7,600, others
for $10,000. The chances seem to fa­
vor the smaller amount.
There is a great deal of merit behind
the movement for increased salaries for
senators and representatives. In times
post $5,000 went farther than it does
today; it wus a larger salary, as sal­
aries went, ami was more of an induce­
ment than it is at the present time.
The time was when the average con­
gressman oould save money on a $6,000
salary.
But that time is past. It is
doubtful if a dozen men in congress are
able to save a single cent of their pres­
ent salary; a vast number of them ex­
pend much larger amounts each year, P R E S ID E N T ’S E Y E O N R A IL R O A D .
and in a perfectly legitimate way.
Suggestion T h a t G overnm ent O p era te
R ailroads in E m ergencies.
N O E N G IN E S T O H A U L C A R S
The president w ill endorse ship sub­ N .a r ly 3 0 0 0
E m pties A re Id le in
sidy in a special messatge to congress
K a n ta t C ity Y a r d * .
after the holidays.
Kansas City, Dec. 18.— The Journal
Two lake Bteamers collided off Duluth today says:
and it is feared one of the vessels is lost
A systematic inspection of the term­
together with 31 men.
inal railroad yards here shows that
The Northern Pacific announces an there are 3,000 empty freight cars
increase in its capital stock from $155,- standing idle in the Kansas City yards,
because the railroads have not sufficient
000,000 to $250,000,000.
motive power to move them.
There
are not less titan 1,000 loaded cars
A ll copper properties in the United
standing in the yards here and the
8 la tea and Mexico are now controlled
dates of loading some of them showed
by Standard Oil interests.
that they had lieen ready to move for
tv. o weeks. There is no shortage of
An amendment to the rate law has cars here, but a shortage of engines.
been introduced allowing newspaper
At Sedalia, Mo., there are 201 empty
publishers and railroad companies to
freight (ars by actual count and at
exchange ticket« and advertising.
Springfield there are 379.
A t Topeka
there are more than 300 empty cars in
the yards; at Wichita about 200 and at
Hutchinson alx>(R 50 (are.
PO RTLAND M A RKETS.
Butter— Fancy creamery, 30(§Mc.
D ata on S hip pin g.
Kggs— Oregon ranch, 35c per doxen.
Washington, Dec. 18, — Representa­
Poultry— Average old hens, 11 ® 12c
par pound; mixed chickens, 11® 12c; tive Humphrey, at the president's re­
spring, ll® 1 2 c ; old roosters, 0 ® llc ; quest , will submit a statement regard­
dressed chickens, 14 ® 16c; turkeys, ing the conditions of American ship­
live, 17 ® 17 %c\
turkeys, dressed, ping on the I’acilic coast, the president
choice, 21®22V$c; geese, live, 10c; desiring this data liefore completing his
message to congress urging the passage
ducks, 16®lflc.
Mr. Hum­
Fruits — Apples, common to choice, of a ship sulisidy bill.
5 0 ® 75c per box; choice to fancy, $1® phrey told the president yesterday h ow '
2.50; pears, $1 ® 1.50; cranberries, unless some form of government aid is
$11.60® 12.50 per barrel; persimmons, granted, the two American lines operat­
ing lietween Puget sound and the Ori­
$1.50 per box.
Vegetables — Turnips, 90c@$l per ent, the Boston Steamship company's
sack; carrots, 90c®$l per sack; beets, and H ill's line, will have to suspend.
$1.26® 1.50 per suck; horseradish, 0®
G rip on C o a l Land.
10c per pound; sweet potatoes, 21*®
Denver, Colo., Dec. 18.— Investiga­
2$ic per pound; mhliage, 1 (rt 1 c
per pound; cauliflower, $1.25 per doa- tion into the Union Pacific coal land
en; celery, $4®4.50 per crate; lettuce, frauds in Wyoming w ill not lie pro­
head, 30c per dozen; onions, 1 0®i 121$c ductive of any good to the public, and
per dozen; pumpkins, lt$ c per pound; the company w ill not only tie permit­
ted to retain possession of the $60,000,-
spinach, 4®5c per pound; squash
000 worth of coal land which it Is said
l> ie per pound.
Onions — Oregon, 76e(« $1 per hun­ to have gained illegally, but no officials
of the Union Pacicfl company w ill suf­
dred.
Potato«« — Oregon Burbanks, fancy, fer 1 »'cause of their alleged frauds.
This, Denver men interested In the un­
$I®>1.10; common, 7 5 0 86c.
W h e a t— Club, 86®’ 68c; blnestem, earthing ot the frauds say is the pro­
gram which lias lieen prepared by the
87®t88c; valley, 66® 87c; red, 63c.
Oats — No. 1 white, $25® 26; gray, Harriman railroads.
$24.50®25.
M ay C hange C o a l Land O rd e r.
Barley — Feed, $21(«}21.50 per ton;
Washington, Deo. 18. — The presi­
brewing, $22.50; rolled, $22.500 24.
dent's attention has been called to the
Rye— $1 400,1.45 per cwt.
Com— Whole, $28; cracked, $27 per fact that his order withdrawing from
entry 84,000,000 scree of public lands
ton.
Hay— Valley timothy. No. 1, $11® supposed to contain coal deposits was
12 per ton; Eastern Oregon timothy, operating to shut off legitimate home­
$14® 16; clover. $7(3®; cheat, $7.50 stead and desert land entries of some
(«18.60; grain hay, $7.50® 8.60; alfalfa, land which is not believed to contain
orstl. It ia probable the order w ill be
$11.50; vetch hay, $7(3(7.50.
modified, permitting entry of such land
Veal— Dressed, 6U®.8r per pound.
Beef — Dressed bulls, l® 2 c per under any exempt onal land law, upon
pound; cows, 4 (3, 5c; country steers, showing that It does not contain coal.
6 ® 6 > {.
Mutton — Dressed, fancy, 8(39c per
T o rp s d o -P ls n tln g B oat fo r C oast.
pound; ordinary, 8 ® 7c.
Washington, Dec. 18.— The secretary
Pork— Dressed, 6® 8c per pound.
of war tmlay approved the recommend­
Hops— 11® 15c per pound, according ation of the chief of artillery in that an
to quality.
appropriation of $176,000 shonlil tie
Wool— F^stem Oregon average best, made to construct a torpedo planting
13® 18c, according to shrinkage; val­ vessel for use in the harlmrs of the Pa­
ley, 20® 21e, according to fineness; mo­ cific m a rt. They deem the cnnstruc-
hair, choice, 26(3 28c.
' tion of such a vessel highly im p o rta n t.
Washington, Dee. 18. — President
Roosevelt is taking a deep interest in
the situation ns to car shortage, com­
plaints regarding which have come
from many sections of the United
States. Some time ago a partial state­
ment bearing on the car shortage was
siiliiiiitted to the president by the In­
terstate Commerce commission, and,
when the more complete report, which
the commission lias under wnyjin the
Northwest, lias lieen prepared, it w ill
lie sent to the president for his infor­
mation in the event he decides to make
any recommendations to congress on
ttie subject.
He has not yet taken any
steps indicating his prohalile course.
Among suggestions that have lieen
made to the president is that he m o:n-
niend legislation iiy congress empower­
ing the government to take charge of
railroads and operate them under Cer­
tain contingencies, especially in a case
like the present.
y w v w fV T v w w w x
PEO PLE W ALK
>
S trik e on P ortlan d S lre s t C a r
Lines
►
Portland, Dec. 17.— Portland’s street
car system was almost completely tied
up Saturday night at 8 o ’clock by a
strike, called by local union 181, Amal­
gamated Association of Street and Elec­
tric Railway employed of Amercia. A
few minutes before that hour cars were
stopped on Washington street at the
corner of Third by the strikers, and
motormen and conductors were per­
suaded to leave their posts.
Mobs
collected and a riot followed which
continued until early Sunday morning
The success of the strikers was due al­
most wholly to the strong sympathy
with them of all union men in the city,
represented by the Federated Trades
council, and to the support of the mob
which gathered
along Washington
street. Numbers gave courage to those
who leal the demonstrations against the
company and the mob urged the leaders
on to constantly greater acts of lawless­
ness.
The company used every effort for a
time to continue the operation of cats,
but gave it up at atiout U o’clock, and
concentrated its efforts on getting the
stalled care hack to the barns.
After maintaining a partial service
between 7 a. m. and 5 p. m. Sunday,
the care were sent to the barns and no
attempt was made to operate after
nightfall, as it was feared the scenes of
violence of Saturday night would be re­
peated. A ll probably will resume their
runs this morning at daylight. W heth­
er they w ill be operated tonight will
depend upon whether or not the police
prove themselves able to control the
crowds. The striker^ have had the
better of it during the past 24 hours.
The objects sought by the strikers
are practically the same as those the
union was demanding at the time ¡of
the last trouble, namely, recognition of
the union, the abolition of the photo­
graph system for identification of em­
ployes and more pay.
As a result 600 men are idle and
about 200 cars are out of commission.
Thousands of people who remained
down town Saturday ¡night to see the
excitement had to walk home, some of
them having to go miles to the outly­
ing districts.
>
B U IL D M O R E S H IP S .
Dewey Says P resen t Policy o f C o n ­
gress is R etro g ra d e M o ve.
Washington, Dec. 17. — Admiral
Dewey lielieves that the authorization
by congress of at least three large bat­
tleships a year is essential for keeping
the American navy in a state of effi­
ciency and that the policy of one bat­
tleship a year now being urged by a
certain element, would be a positive
retrograde movement.
He was aHked if the policy suggested
by some persons of only providing one
battleship during an entire Congress
would result in an actual increase in
the nuvy or in a virtual decrease in
lighting strength.
“ Such a policy would be retrograde
in its charaater,” said the admiral.
“ It would not take lip the waste or sup­
ply the places of the ships that are
bound to deteriorate and which should
be placed out of commission. W e have
three battleships which were fine ships
in their day, but they were laid down
in 1891, about 16 years ago.
They are
the Indiana, the Oregon ami the Massa­
chusetts. They have the defect of not
possetising balance turrets, which causes
a list when their guns are all trained to
one side, tiuiH exposing the hull below
the water line und laying the ships
open to danger from the fire of an
enemy on that side.”
A M E R IC A N S F IR S T C H A N C E .
Shonta W ill B ar Fo reign ers F ro m All
C anal C o n tra c ts .
Wsaliintgon, Dec. 17.— Foreign con­
tractors are to be barred from compel i
tion for tlie contracts for the Panama
canal. Chairman Shunts of the canal
commission today made the announce­
ment. Many changes have been agreed
to in the form of contract, but the most
important is the lim iting of proposals
American firms. The right will be re­
served by tlie commission to reject all
bids, the commission w ill then either
throw the competition open to foreign
bidders or proceed with the work with­
out contract. January 12 is the date
set for opening proposals.
M akes G ood R eco rd .
New(Kirt News, Va., Dee. 17.— The
U. 8. armored cruiser Montana was
successfully launched at the Newport
shipyard today in the presence of a
large number of people.
The vessel
was christened by Miss Minnie Conrad,
daughter of W . G. Coniad, of Montana.
Governor Toole, of that state, was rap-
resented by Martin Maginniss, formerly
territorial delegate in congress. Senat­
or Carter and Representative Dixon
were also present. Tlie Navy was not
officially represented. Everything went
off smoothly.
Raise Fuel Fam ine
Minneapolis, Minn., Dec. 18.— The
fuel famine In the Northwest will lie
broken within 24 hours as a result of
the Interstate Commerce commission's
inquiry in this city.
The commission
was represented by James S. Harlan, of
Chicago, and Franklin K. lane, of San
francisco. Mr. lane has charge of the
fuel inquiry, while Mr. Harlan is busi­
ly engaged in the car shortage inquiry.
It was decided that the fuel famine was
the more important, many more re­
ports being at hand of the suffering
from lack of fuel.
N o rth D akota H as N o C o a l.
St. Paul, Dee. 18.— A special to the
Despatch from Grand Forks, N. D.,
says that the fuel situation tmlay pre­
sents the most eritiivtl condition that
has existed in the history of the state.
Careful inquiry in every portion of the
northern half of the state shows that
there is not a town in which coal could
be had to supply immediate needs and
in dozens of places there is not a pound
to be bought, the dealers having been
out of fuel for days and weeks.
Big Tunnal U n d e r C hannel.
Limlon, Dec. 18.— A bill empowering
an Anglo-French mmpany to omstmet
a tunnel under the British channel lias
been depoeited with parliament.
It is
estimated that this scheme will Involve
an eipenditure of $80,000,000.
It is
proposed to huikl two parallel tunnels
24 miles long.
-
T ie s U p T r a ffic .
O il Pipe Filled W ith S alt
L is Angeles, Dec. 18.— Cablegrams
received at the office of the Union Oil
company, in Lot Angeles, say that their
new pipe line across tlie Isthmus of
Panama was filled with 26,000 Imrrels
of salt. When ready for use tlie oil
w ill he pumped from the Pacific to the
Atlantic through this pipe. The open­
ing of the line is expected to solve
largely the fuel problem of the isthmus.
Fourteen thnusnnd tons of coal are now
used there monthly, but it is anticipat­
ed that oil will soon be the fuel in
nee.
►
>
S tra ig h t F ro m Y a rd to S e e .
New York, Dec. 17.— Equipped for
service, the new battleship Connecticut
left the New York navy yard today,
bound for Hampton Roads, Va., to join
the Atlantic fleet.
The Connecticut
underwent all the tests of her contract
at the yard. Her departure is the first
instance in which a battleship has gone
direct from the building yard to sea.
The naval examiner who has hail charge
of the completion of the Connecticut
said: “ Hera goes out a ship which
demolishes all the records of the world
in naval construction.”
»
Proposed Oregon Tax Law
(Continued Irom last w eek)
national bank stock and private banks, loan
and trust companies,” approved February 24,
1903; to repeal sections 3042, 3003, 3064,
(Assessor to give notice of meeting of
300ft, 3007, and 3068 o f the Codes and Stat­
board of equalization.)
utes o f Oregon, compiled and annotated by
Hon. Charles B. Bellinger and W illiam W.
Section 38. That section 3000 of the
Cotton, and to repeal all acts and parts of
acts in conflict herewith.
Codes and Statutes of Oregon, compiled
and annotated by Hon. Charles B. Bel­
Be it enacted by the people of the
linger and W illiam W . Cotton, be and state of Oregon:
the same hereby is amended to read as (Assessment and taxation of stock and
follows:
shares in national and state banks.)
Each assessor shall give three weeks’
Section 1. The stockholders or share­
public notice in some newspuper print­
ed in his respective county; if there be holders of every corporation bank locat­
no such newspaper, then by posting up ed within this state, engaged princi­
notice in six conspicuous places in his pally in the business of banking, lend­
county, setting forth that on the first ing money, receiving money on deposit,
Monday in October the board of equali­ buying or selling bullion, bills of ex­
zation will attend, at the court house change, notes, bonds, stocks, or other
in his county, and publicly examine the evidences of indebtedness, a view to
asssesment rolls, and correct all errors | profit, whether such bank he organized
in valuation, description, or qualities i for banking purposes under the laws of
of lands, lots, or other property usscssed this state or of the United States, shall
by such assessor; and it shall be the lie assessed and taxed on the value of
Such
duty of iiersons interested to ap)iear at their shares of stock therein.
the lime and place appointed.
Proof shares shall be assessed only with re­
of such notice, if published in u news- gard to the ownership and value thereof
pa)ier, shall be made by affiilavit as pro­ on the first day of March, at the hour
vided by law, filed w ith the clerk of the of 1 o’clock a. m., in each year, at the
county where the newspaper is printed, place required by law.
on or liefore the first Monday in Octo­
ber in the year when such notice is
printed; if such notice lie posted, proof
thereof shall tie nwde by the affidavit
of (he assessor or his deputy, setting
out the time, manner, ami place of (Mist­
ing such notices, filed with the clerk of
tlie county on or liefore the first Mon­
day in October in the year when such
posting is made.
(Statement to be furnished assessor by
cashier or accounting officer.)
Section 2. To aid the assessor in de-
terming the value of such sltares of
stock, the cashier or other accounting
officer of every such bank mentioned in
the first section of this act is hereby re­
quired to furnish a statement to the as­
sessor of the county where the same is
located, between the first day of April
(Changes the date o f m eeting of the board of
equ alization as specified in the notice, from the and the fifteenth day of May in each
last Monday in August to the first Monday in year, verified by oath, showing the
provides for perpetuating the fact of
lurisdictiou o f the board by requiring proof to amount and number of such shares of
be tiled on the g iv in g o f notice
nn
the capital stock of such bank, the
Section 3060 contains language
in g the form. Section
lai:
recitin g the duty o f the board to make correc amount of its surplus or reserve funds,
tions, etc..which is almost a lite
’
”
i(vr«l;l"t:ilvat.'ot | and the amount of its undivided profits
section ¡1080, B. «& C. Comp,
liging in »»ectton |flt the hour of 1 o’clock a. in. of the
om itted as not properly belonging
which m erely prescribes what notice shall be i first day of March preceding, the actual
given o f the m eeting.)
and cash value of all real estate owned
(W ord “ assessor1 shall include his by it in this state, or elsewhere, and
deputy.)
| the location of the same; also the cash
Section 37. The word assessor, as ! value of the securities of the United
States owned by it.
used in this act, shall he taken to
elude his deputy.
(Ascertainment
of value of stock— De­
(N e w )
ductions for real estate and exempt
(County court may appoint special as­
property.)
sessor in event of failure of assessor
Section 3.
Real estate owned by
to act.)
such bank and situate in this state
Section 38. In event of the fail­ shall he assessed and taxed as other
ure of the assessor to commence or con­ real estate is assessed and taxed.
The
tinuously and vigorously prosecute the assessor shall deduct the amount of all
muking of the assessmer t in the manner investments in real estate from the ag­
provided by law, the county court may gregate amount of such capital stock,
summarily uppoint a special assessor, surplus fund, and undivided profit, and
who shall qualify in the same manner the remainder shall be taken as a basis
as the assessor, und who shall have all for the valuation of such shares of stock
the duties, rights, privilgees, and emol­ in the hands of the stockholders sub­
uments of tire assessor in making tire ject to tlie provisions of law requiring
assessment for the current year, and all property to be assessed and taxed at
whose ucts shall have the same effect us its full and actual cash value.
if the same lmd been done by the as­
sessor.
(Shares of national banks not located
(In ten ded to provide a way to eseape irnrn
within state exempt.)
tlie idtuation In which one county of the Htate
Section 4.
The shares of capital
(mind itself In 1906, when the assessor did not
make tlie assessment and the county eourt stock of national batiks not located in
undertook to appoint a deputy who actually
made the assessment. The v a lid ity o f the assess­ this state, held in this state, shall not
ment was assailed by heavy taxpayers, but has ' be required to be assessed or taxed.
not yet been determ ined. This com iiiKeney may
occur in any o f tlie counties o f the state, anil the
publie should not be prejudieed by tlie failu re
o f an assessor to aet as n either mandamus nor
rem oval from office would giv e speedy ami ade­
quate relief as against a recalcitrant assessor.)
(Repealing section.)
Section 39.
That sections 2709,
2710,3041,3042, 3044, and 3059 of
the Codes and Statutes of Oregon, com­
piled and annotated by lion. Charles
11. Bellinger and W illiam W . Cotton,
be and the same hereby are repealed.
That all acts and parts of acts in con­
flict herewith be and the same hereby
are repealed.
(1. Sections 2709 and 2710 have long been
obsolete; they provide for the assessment and
collection o f taxes, and equalization by the
city and its officers. Compare section 3098.
2. The assessors o f the state in annual conven­
tions have twice recommended the abolition of
the $1 poll tax, or its transfer to the $3 road
poll tax. 3. Laws o f 1903, page 286, covers
the same ground as section 3042; and see sec­
tion 6 o f this act. 4. Section 3044 is included
in section 3050, providing for the assessment of
all lands, which, o f course, includes that of
corporations. 5. Section 3059 is merged with
section 3070 in drafting section 23 o f this act.)
(Saving clause as to assessment for cur­
rent year.)
Section 4(1.
That, notwithstanding
anything to the contrary in this act
contained, tlie provisions hereof shall
not apply either as to the property sub­
ject to assessment or the mode of assess­
ment thereof, to tlie assessment which
but for this act would be made in tlie
year 1907 upon the liasis of uv .ship
and valuation of property March -1,
1907; hut tlie statutes which have here­
tofore been in force shall continue in
full force as to tlie assessment for that
year until all things in and about tlie
same, necessary to a valid assessment
for taxation, shall have been done as
fully as if this act Itad not been enacted.
A BILL.
For an act to provide a more efficient and
equitable system for the assessment o f bank
stocks, shares and banking capital for taxa­
tion; to define what bank stocks, shares, and
banking capital shall be subject to assessment
and taxation, to whom assessed and taxed;
to define the duties o f the county assessor
in reference to the assessment o f the same;
to prescribe the manner o f determining the
cash value o f such banking stock, shares, and
banking capital; to prescribe the duties o f the
companies, corporations, associations, copart­
nerships. and persons subject to the pro­
visions o f this act. and the cashier, manag­
ing officer, or accounting officer o f either of
them; and to provide penalties for the vio­
lation o f such duties; to create a charge for
the payment o f taxes on dividends, stock,
shares, and banking capital; to provide for
the sale to pay delinquent taxes thereon o f
shares, stocks, and other interests; to amend
an act entitled ‘‘T o fix the ptace o f assessing
T h e C h e e r fu l V ie w .
(Bank to keep and furnish list of stock­
holders.)
Section 5. In every bank and bank­
ing office mentioned in section 1 of this
act there shall he kept at all times a
full and correct list of the names and
residences of stockholders, owners, and
parties interested therein, showing the
number of sltares and the amount held,
owned, or controlled by each party in
interest, which list shall be subject to
tlie inspection of the officers authorized
to assess propelty for taxation.
It
shall be the duty of the cashier or other
accounting officer of each bank or bank­
ing institution to furnish the assessor
with a copy of such list annually, be­
tween the first day of April and the fif­
teenth day of May in each year, show­
ing the facts in this section specified as
of the hour of 1 o’clock a. m. on the
first day of Marclt previous.
(Assessment of foreign banks, etc., and
local companies and persons not prin­
cipally engaged in hanking.)
Section 6. Every company, associa­
tion, building and loan association,
trust
company, or other corpora­
tion, joint stock company, or copart­
nership, or person, not incorporat
ed for banking purposes tinder the
corporation laws of this state or of
the United States, who shall keep
an office or place of business and engage
in the business of banking, lending
money, receiving money on deposit,
buying selling bullion, bills of exchange,
notes, bonds, stocks, or other evidences
of indebtedness, with a view to profit ;
and it is hereby made the duty of the
cashier, managing officer, and account­
ing officer of every company or associa­
tion, including building and loan and
trust companies, incorporated under
the laws of this state which engages in,
but not as its principal business, the
business of banking, lending of money,
the receiving of money on deposit, buy­
ing and selling bullion,bills of exchange,
notes, bonds, stock, or other evidences
of indebtedness, with a view to profit,
between the first day of April and the
fifteenth day of May in each year, to
make out and furnish to the assessor a
statement, setting forth and showing
such reference to such banking business
in this state on the first day of March
of the current year at the hour of 1
o’clock a. m.:
S a ld e
M e h ta
os
H is to r y .
Her— But. Herbert, dear, do you think
Caesar had Just crossed the Rubicon
we can afford to go to housekeeping on for the second time. “ I may say,” he
your .alary?
Him—8ure. After we're married, you Jotted down, “ that I have given It the
know'. I won’t have to buy yon any more double cross."
This is the origin o f the expression.
flow-era, chocolate creams, or theater
tickets.
Xerxes was bolding the pass at Ther­
B lam e on M a s te r o f the D ix .
mopylae. “ H a !” he muttered, “ Just
H a d n 't L o s t M a c k .
Seattle, Wash., Dec. 17.— Inspectors
like a general passenger agent!"
“ Why do you look so worried?"
Whitney and Turner, in the Dix-Jean-
Then be withstood another attack.
“ I have swallowed a pin.”
nie collision, report the license of Cap­
“ Well, good gracious: they're two
India's population is 300,000,000— one-
tain Parker Larmond, master of the
papers for a nickel!"— Houston Post
fifth of all the people in the world.
steamboat Dix at the time of the colli­
sion with the steamship Jeennie, is re­
O w l a n d ( 'k i c k In O n e .
H a . tm D o I t .
voked for negligently failing to cause
Mrs. Ellen Elliott, o f Rockdale. Pa.,
“ You must believe in special provi­
an efficient lookout to be kept on board Is the possessor o f a freak chicken. dence,'’ gasped the man in tbe beck seat
the Dix and for negligently relinquish­ The fowl Is half ehieken. half owl, and of the new $10.000 autonKinile, as the
ing his direction and control of the nav­ dhows little signs o f life, except at machine fairly flew along tbe boulevard.
igation of his vessel to atn officer who night, when it makes s peculiar, Inces-
" I do," chuckled the chauffeur. "Don't
was not duly qualified by the law.
how everything ‘turns ont' for
sant howl. It has the owl's curved I* 7” °
head and hooked beak: also tbe large, the best?” — Chicago Tribnne.
L ib o r A sks Postal S w in g * B an k*
1. The amount of money on hand and
amount of money in transit.
2. The amount of funds in the hands
of other banks, bai.kers, brokers, or
others subject to draft.
3. The amountt of checks or other
rash items not included in any of the
preceding items.
4. The amount of bills receivable,
discounted, or purchased, and other
credit« due or to become due, including
account« receivable, interest due and
unpaid; also the value of such bills re­
ceivable, notes, and credits.
5. The amounts of stocks and bonds
of every kind, and shares of every kind,
and sltures of the capital stock or
joint stock or other companies or
corporations held as an investment,
or in any way representing asset«,
showing and deducting therefrom se­
curities of the United States and other
such stocks, bonds, and shares which
are exempt from taxation, if any, and
also showing those subject to taxation,
and th*am ount of each; also showing
the value of such bonds, stocks, and
shares.
6. A ll other property pertaining to
its business other titan real estate
(which real estate shall be assessed and
taxed as other real estate is assessed
and taxed).
7. The amount of deposits.
8. Tlie aggregate amount of the above
first, second and third items shall be
listed, and the aggregate amount of the
taxable property embraced in the fourth,
fifth and sixth items above shall be
listed, and from the aggregate sum of
said first, second and third items, and
tlie aggregate sum of the taxable prop­
erty embraced in tlie fourth, fifth and
sixth items, there shall be deducted tlie
amount of tlie above seventh item, and
the amount remaining shall be assessed
to each company, association, or jierson
at its full amount as money and credit«,
tlie same as other property is assessed,
at the place required by law.
(Taxes to be a charge on dividends,
stock and banking capital— Sale for
tax.)
Section 7. To secure the |iayment of
taxes on bank stocks or shares, or upon
banking capital, such taxes are hereby
made a charge u(ion said shares of stock
or banking capital or interest against
which the said taxes are assessed and
levied, and upon any dividend or divi­
dends thereon. It shall be the duty of
every bank, or tlie maraging officer or
officers thereof, to retain so much of
any dividend or dividends belonging to
such stockholders, shareholders, or
owners as sliall be necessary to jiay any
tax assessed and levied upon their
shares of stock or interest respectively
until it shall have been made to appear
to such bank or it« officers that such
taxes have been paid.
Any officer of
any hank who sliall pay over, or autho­
rize the (laying over, of any such divi­
dend or dividends, or any portion there­
of, contrary to tlie provisions of this
section, sliall thereby become liable for
sucli taxes. I f such taxes sliall not he
(■aid before the same become delin­
quent, on or immediately after the first
Monday in May in eacli year, the tax
collector of tlie county where such bank
is located sliall proceed to sell such
share or shares, stock, or interest to
pay the same, together w ith interest,
accruing interest, penalties, and other
lawful cliarges, in the same manner
other personal property is sold for de­
linquent taxes, and in case of such sale
the provisions of law in regard to the
transfer of stock when sold on execution
shall apply to such sale.
(Penalty for neglect or refusal to furn­
ish statement required.)
Section 8. The cashier, managing or
other accounting officer of any company,
association, copartnership, or person
who sliall neglect or refuse to make and
furnish any statement required by this
aet of such person or such company, as­
sociation, copartnership, or persons,
within the time and in the manner by
this act provided, shall forfeit the sunt
of $1,000 for each offense, to be recov­
ered by indictment, for the use of the
county in which said bank is located.
(Penalty for making or furnishing false
or fraudulent list or statement.)
Section 9. The cashier, managing or
otiier accounting officer of any company,
association, copartnership, or person
who shall w illfully present to or furn­
ish the county assessor with any state­
ment required by this act, which state­
ment shall be false or fraudulent, shall
be deemed guilty of perjury, and upon
conviction thereof, sliall be punished
by law as otherwise provided for such
crime.
(Repealing clause.)
Section 10. That sections 3042, 3063,
3084, 3065, 3067 and 3068 of the
Codoes and Statutes of Oregon, compil­
ed and annotated by Hon. diaries B.
Bellinger and W illiam W . Cotton, and
all acts and parts of acta in conflict
herewith, he and the same hereby are
repealed.
(To be continued next seek)
S t e a lln ir a M a r c h .
“ Hang it a ll!” exclaimed Mr. Sububs.
arriving home from the office, “ we’ll
have to call on the Dubleys to-night.”
“ Why, George, you said you wanted
to stay home with me in comfort to­
night.” exclaimed his wife.
“ Yes, but Dubley told Balkiotz he and
his wife meant to call on us to night.
We can leave their bouse earlier thau
we could make them leave ours."—
Philadelphia Press.
D e lic a t e H is t .
“ They say Miss Sharpe can convey
a hint with such tact that it is im­
possible to take offense.”
"Yes. she baa quite a gift that way.
The last time Mr. Stnylate called there
she asked him to bare some slight re­
freshment, and then brought in a plate
of breakfast food.”— Baltimore Ameri­
can.
Bacon to the value of over $30.000.000
was imported by Great Britain in 1904.
T 'n p q n a l D ln t r lh n t Io n .
New Compositor— What's the style In
this office for "Tha nksgi vlnx ?" Do yon
capitalise it?
Slug Twenty-three— Not for me I By
jocks. I'm not going to be able to capi­
talise it to the extent of a lucent lunch
this year!
staring eyes. When the chick walks its
U a e U n a r e s t o r e a f tb a C a ls la a .
ta k fa i.
Salt Lake, Use. 17.— The Utah Fed­ feet overstep each other, as If walking
"There la qne thing about your ho­
The Playwright— Didn't I see yon In
eration of labor lias resolved to circu­
chalk line.
tel table that Is not surpassed, even at yonr seat some time after tbe Anal cur­
late a petition to congressg asking the
H o M
i m
a n d O th e r T a a e o .
the most palatial London hotel.”
tain fell?
creation of a p etal sevings hank. The
She— Do you play qn the piano?
“ And what 1« th at sir?” asked the
move Is to he under the auspiecs of the
The First Nlghter— Yes. tbe us hey
He— Occasionally. I am i fireman.— landlord, eagerly.
American Federation of Isrbor. with
forgot to come around and wake me up.
"The e a lt!” — Modern Society.
which the Utah federation is affiliated. Boston Transcript
— Cleveland Plain Dealer.