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THE HEPPNER TIMES
PubDihcil Every Ttoraday,
Li-i 1 "
General Review of Important Happen.
penlgs Presented In a brief and
in a Den-
TASK IS ENOED.
1 : rV
Experts find many ballots
ver precinct to be illegal.
Sanator Bacon. of Georgia, favors
disfranchising all negroes.
Now that the captuie of 203-Meter
hill at Foit Arthur has been confirmed,
the Russians declaie it to be an unim
The supervising architect will te
couimend appropriations of $100 000
and $85,000 respectively for Federal
buildings at Oregon City and Baker
Representative James A. Hemenway,
of Indiana, is erne of Senator Fair
banks seat in the senate, is all the
Russians at Port Arthur are engaged
ill luo 1 1 t uvi . " ' - - I . . -
would seem to indicate that the ram
cant of the fleet intends to make an-
The Russian supreme prize court up
holds the seizure of 5,000 sacas oi flour
on board the Portland and Asiatic line
steamer Araia, seiaed by the Vldivoetok
squadron, July 22.
The Russian supreme court in the
appeal of the German steamer Thea,
which was mink off the Japanese coast
by the Vladivostok equadron, has de
cided that the act was unjustifiable.
Briatow urges that the postage rate
on packages be reduced along rural
Denver ballot boxes have been open
ed and fewer votes found than were
given in the returns.
The merchant marine commission
will urge a bill to give Panama busi
ness to American shipowners.
The Russian press urges that the
Black sea and Baltic fleets be com
bined. Great Britain would object.
General Rennenskampff is vigorously
pursuing the Japanese in Manchuria,
who are retreating. St. Petersburg is
fearful lest he fall into a trap.
1 St. Petersburg bas almost given up
hope for Port Arthur. The Russians
have made several ansucceseful at
tempts ti retake 203 Meter bill.
Fire which is believed to have been
of incendiary origin, destroyed three
of the St. Louis fair buildings and
irianv valuable paintings. The loss is
placed at $75,000.
There has been tremendona rains
throughout Chile, such as have seldom
been equalled at this season of the
year. The crops have been damaged
fully 60 per cent.
Tafta mission to Panama will be a
The Japanese expect the fall of Port
Arthur December 12.
Queen Alexandra, of England, has
just celebrated her 60th birthday.
Reoorts have reached the state de
railment of a very unsettled state of
affairs in Venezuela.
The Northern Pacific and Great
Northern railroads are considering
plan to electrify the mads through the
Cascade mountain district
The last monthly report of the chief
of inroeona of the Philippines Show
that the health of the troopa in the
lands is exceptionally good.
James R. Young, of Philadelphia
Las been appointed mperintendent of
the dead letter department ot the pos
till service, to fill the vacancy causei
by the death of D. P. Mibhait.
The annual report of the genera
superintendent of the life saving service
shows that during the year assistance
was rendered to 1.0C1 vessels, involv
ing the lives of more than 3,400 persons
and proveity to the value of $7,000,-
Admiral Dewey has declined to be
come a member of the North sea com
mission. Roosevelt is likely to visit the South
and make it a point to meet the
Governor Tardea is working for a
California state building at the Lewis
and Clark fair.
Whites In German Southwest Africa
are reported to be in great danger of
The 31st national convention of the
W. C. T. U. Is in session in Philade).
phia. Fle hundred delegates, repre
aenting every sUte and territory,
A Complete Agreement Is Reached
Panama, Dec. 6. The difference be
tween the United States and Panama
which made necessary the visit of Set"
retary of War Tait to the isthmus were
settled today by the issuance ot an ex
ecutive order signed by Secretary Taft
for Presidenf Roosevelt and assented to
in a lettei by President Amador of
Panama. The order prcvidea that no
trade for the canal zone or the republic
of Panama can enter the porta estab
lished by the United "Statee at either
end of, the canal, supplies for the con
struct ion ol the canal and articles in
transit being excepted. This turns the
castoms receipts of those ports over to
the government ot Panama.
Panama agrees to mince her tariff
fiom 15 per cent ad valorem to 10 per
cent. This redaction applies to all
goods except wines, liqours, alcohol
and opium. Panama also agrees to re
duce her consular fees and port charges
to 00 per cent of the rates at present
ilwaluld frort traila in ii ftnnnlv lw-
tweeu the canal lone ana too fepnom
OREGON NEWS OF INTEREST
CZAR l-OR PEACE.
ILaa Mn..,.,..' 4
LIBRARIES lOR PUBLIC SCHOOLSi
of Panama. Vessels entering the (anal
ports are granted free entry to the poita
of Colon and Panama, and vessels en
tering the latter ports are extended the
same privileas in the canal porta
Complete jurisdiction is granted the
United States in the harbors of Colon
and Panama as to sanitation and quar
Panama reduces her rate of postage
to 2 cents and is to furnish all stamps
in the republic and in the canal zone.
The zone authorities are to purchase
stamps from Panama at 40 per cent of
their face value.
The order of Secreary Taft is to be
ineffective unless Panama shall pot in
to effect the gold standard, according
to the currency agreement of Jnne 20,
1904. It also makes a stipulation re
garding citizenship rights to Fanama-
ians in the canal zone and provisions is
lso made in the order for maintenance
the United States of important
ighways, partly in and partly out of
the canal zone, and also lor the build-
ng of a hospital. The order is made
effective December 12, 1904.
Light Tax Not Burdensome In Ore-
gon Convention of Officers.
Salem Two departures in public
school work aie proving very successful
wherever tiied and promise to become
permanent features of the public school
evstem. They are the common school
library, supported by special taxation.
and the convention of school officer.
Four countiea have levied the library
tax, amounting to 10 cents per capita
upon the school population, ana it n
fouud that by this means the country
schools are provided with books as good
as those accessible to the pupils ot town
The tax, being one-tenth of 1 mill,
is not felt," aaya Superintendent Alder
man, of Yamhill county, "and it puts
the best books where they do the most
TU Ulurv Law has now been
in operation two years aud bas "given
complete satisfaction. While the
amount that some ol the small districts
get is small, yet it is in proportion
the number of pupils. I consider the
law a boon to the country boy and gir
and I think it ought to be made man
datory on the county couils."
Conventions of school officers have
been held this year at Baker City
Dallas and McMinnville. at each
which there was a very fuli attendance
of school directors and clerks. Ad
dresses were made by Supeiintendent
Ackernian, by the county superintend
ent and outside educational woikers,
and those present held discussions of
topics of general interest to school ,0m-
Consolidation of schools and school
districts was one of the principal topics
discussed at these conventions and the
members of school boards learned the
plan and purpose of this latest move for
the improvement of ihe rural schools.
PLAN TO RAISE PORTAGE fUND.
Prominent Umatilla Men on Commit.
tec to Canvass the County.
Pendleton At a masa meeting of
business men and prominent farmers
the subject of raising $5,000 as Umatil
la county's portion asked by the Open
Kiver association (or the portage road
was discussed and plana decided upon
A committee was appointed to take
active charge of the work and is com
posed of the following: George Pet
inger, M. M. Wyrick, W. P. Temple,
J. Klrck. extensive wheat raisers,
and County Commissioner Horace
The committee will make a thorough
canvass of the county. It will he the
plan to divide the county into district
ami each member of the committee
have charge of the district he may
choose. In this manner it is believed
the entire county can be toveied In a
without difficulty. A large portion of
the amount asked for has alieady been
EDUCATION IN PHILIPPINES.
Timber for Land Hunters.
Grants Pass It is quite evident that
there will be a grand rush for the
woods when the final announcement is
made of the release ot the forest lands
of Souther n Oregon, which were with
held from entry (everal years ago, but
which are soon to be thrown open to
buyers, settlers and squatters. While
the lands are not the regular forest re
serves, they cover a large portion of
the well-timbered sections of Josephine,
Jackeon and Curry counties, Southern
Oregon, and paite of Siskiyou and Del
Norte counties, California. A great
portion of them is coven d with fir and
pine, witn considerable sugar pine.
Is Ready to Receive Such Proposal
St. Petersburg, lHc. 3. A report
which cornea fiom an unimpeachable
source has reached the Puhllsheis'
Press correspondent that Russia is not
only ready to receive any peace pro
pala Japan may have to make, but
that with the fall of Port Arthui she
will lie ready to sue for peace. That is
the situation today, notwithstanding
the swashbuckling attitude of Hume
who r "of ess to frame the empire's pl
icy, and will be the situation right
along, even If thia and subsequent
statements to this effect were officially
denied. Before the world at large Rua
sia cannot afford just now to appear
tired of the itruggla a,nd skeptical aa
to its outcome, but diplmatto eludes
are permitted to know the truth, and
Russia's representatives all the civil
ised world over have received strong
intimations that sincere aud authori
tative offers of mediation must not be
treated lightly in the future.
It i therefore to be assumed that
Russia considers that the cunllict la en
tirely hopeless. There are sure to be
some Russian victories in Manchuria
aud the general belief is that they will
come soon, owing to the fact that Hob
Marshal the Marquis Oyama has Uen
his men in order to hasten the lull
Port Arthur. Hut Russia has Fa
Eastern interests of much greater im
portance than even the possession
Port Arthur., and aa these interests
have Iweu attacked in the past I
Great Britain and China alike, she
in diie need of au ally. That ally will
be Japan, if the plans of today do in
miscarry. The battles ( today are!
be followed by close ties of comniercia
and political union tomorrow.
PLENTY TO DO
Congress Will Have a
CW NEW LAWS ARC PROBABLE
RECEIPTS ABOUT i 1 0,000,000.
System Introduced by Americans Is
Washington, Dec 6. The Bureau of
nsular Affairs. War department, is in
receipt of a number of bulletins pub-
ished by the Buieau of Education,
Manila, which show tnat the system of
public instruction introduced into the
islands is eminently piactical.
The purpose of those who are direct
ing the course of studies is to exalt the
dignity of labor. Effort is made to
train the eye and the hand as well as
the head. In the provincial secondary
schools two-year courses in mechanical
drawing, woodworking and ironwork-
ine are prescribed for students in arts
and rrafts, and give the students a fair
knowledge of mechanical drawings
hlarksmithinu and tool making. A
more advanced course includes archi
tecture cabinetmaking, carriageboild
ina. woodturningand pattern making.
There are also iouibs for machinists
and steam engineering.
Tools and equipment have been se
cured for eight different schools with
woodworking machinery ami for three
schools for ironworking outfits. Par
ticular attention is given to the care of
instruments and tools.
Particular attention has been given
to normal school work in order to train
up a class of native teachers for the
puolic schools of the islands and this
course has been pursued with eagerness
by hundreds of natives, hut at present
there is no institution in the Philip
pines in which instruction is given in
English of a sufli iently advanced char
acter to fit students to enter American
colleges. It is therefore proposed to
ffer in the normal school preparatory
curses of an advanced nature adequate
for the attainment of this purpose.
Brings Strikes It Rich Again.
Grants Pass David Briggs arid boys,
who were made rich in a clay by the
fabulous surface wealth of the Wound
ed Buck claim, on Upper Sucker creek,
have located a claim on Upper Chetco,
away up in the mountains near the
Curry county line, and will work the
rich ledge they have found there
They have had samples from this claim
recently aseayed here, and, while they
do Hot give the returns the Wounded
Buck quartz has given, the proposition
appears very promising, aud trie luray
family will move their scene of opera
tions from the Upper Sucker to the
Chetco. The Wounded Buck is nnder
bond to a company for a consideration
Hammond Company's Title Clear.
Astoria A deed has been filed for
record whereby the Seaside Spruce
Lumber company sells to the Hammond
Lumber company 2,184.67 acres of tim
ber lands in the Necanictim river die
trict. The price is not made public
and the consideration named in the
deed is $1. The transler is nndei stood
to have been made In connection with
the settlement of the claims held by
numerous persons and firms against the
Seaside company. These claims have
all been settled and the mill property
leased, so that it can resume operations
at once, after a shut clown lasting for
Government Gets Site.
Baker City A deed has been filed
with the county recorder from W. A.
Houston to the United States for 100
feet square on the corner of Main street
and Auburn avenue. This was the si.te
selected for the government building
soon to le erected in this city. The
deed calls for $4,800 the amount ap
piopriat d for the purchase of a site,
while, as a matter of fact, the property
brouuht over double that amount, the
balance having been raised by adjacent
Trapplst Colony In Linn.
Albany A colony of Trapplst Fath
ers has been founded in Jordan valley,
in the northern part ot Linn county.
Having been forced to leave their
homes in France because of religious
persecution, a number ot theseTrappist
Fathers havecome to the United States,
and six of them located in Jordan val
ley, about three months ago, with the
ultimate object in view of founding a
Trappiat colony there. They recently
purchased considerable land, and are
preparing to make extensive improye
ments, in anticipation of the arrival of
more than 50 of the sauie order from
France next spring.
Concessionaries Believed to Have
taken In Equal Amount.
St. Louis, Deo. 3. While it will be
impossible to obtain the actual receipts
and exeudiluiea of the I ouisiaua Pur
chase exposition company liefore the
middle ofIecember, Secretary Walter
ft, Stevens, of the World's fair, made
the following statement to the Associat
ed Press tonight:
"From reports that bave been sub
mitted of the admissions to the grounds
we estimate that the attendance on
"Francis day" will be a few thousand
in excess of 200.000, and that the at
tendance lor the Exposition perhsl will
be in the neighborhood of 18,800,000.
"lu round iiuiiiliere the Exposition
company bas expended $22,000,000
since the inception of the World s fair
project, and the expenditures of the
several states and territoiiea have
reached a total of $9,000,000. The
receipts since the opening day, Apri1
30, have amounted to about $10,000,-
C00, consisting of admissions and con
cession royalties. In addition to these
receipts were the funds, amounting to
about $12,000,000, raised by subscrip
tion and appropriations to build the ex
The New York state court ot appeals
has declared unconstitutional the labor
law which prohibits a contractor from
employing his nirn more than eight
hours a day on city, county or state
All exhibitors (rom foreign countries
mt y now a ml their wares to Portlsnd
forth 1905 fair without paying any
David M. Parry, president of the
Cltlrens' Indnsliial association, says
the "open shop" movement li gaming
t li also Mi organization.
Panl Morton, now aecretary of the
tiiw. may succeed Secretary Shaw, of
the treasury department. If the lattf
does not remain In th cabinet.
Alaskan Judge Is Named.
Washington, Dec. 6. igain Presi
dent Roosevelt has utterly disregarded
he recommendations of senators and
representatives, and lias appointed
man of his own choice to a responsible
office. Ro-al A. Gunnison, of Ring
lampton, N. Y., was today appointed
United States judge for the First divl
sion in Alaska, to succeed Me'ville C
Brown, whose resignation has been de
manded. He was offered the place by
the president seveial days ago because
of his known fitness and high char
Knotty Tariff Problem.
Washington. Dec. 0. President
Roosevelt was called npon today to con
ruder an important question in conn ec
tion with the present tariff law. Sec
retary Shaw and Senator Ilansborongh
ot North Dakota, talked to him regard
ing the payment of a drawback on flour
manufactured in this country from im
ported wheat and then exported. Sen
ator llansltoiongii presented tiie views
of the wheat raisers of the West, but
he declined to go into details.
To Tlx Status of Hospital Ships.
The Hague, Dec. fl. An interna
tional conference concerning the status
ot hospital ships In war time will be
held here December 13. A majority of
the newer! will be represented by their
reap cllva ministers, Russia sending
Professor de Martens, professor of in
ternatlonal law at the University ot St.
Petersburg, who will be accompanied
by ft naval officer.
INTERNAL REVENUE RECEIPTS.
Appropriation Measures will Take
Up Much of the Time-Rivers
and Harbors are Safe.
Washington, IVc. 6. On the stroke
ot 12 today the second session of the
5Hth congress will be called to older by
President Pro Tem Frye In the senate,
and by Speaker Cannon In the house.
When the gn vela of the presiding oili
er summon the senatoia and repre-
sentatlves to duty nearly every member
will he in hia seat, bi.t only routine
business will be transacted.
The president ' message generally la
received and read the first day, but
the senate la ptimtillous In cattail
matters, and la almost aure to adjourn
aa a tribute oi respect to tne wia sen
ator Hoar, of Massachusetts, and the
UtHiialor Uuav. of l'iiiivlvuulrt.
The uieimnge, therefore, probably will
not he lead until Tuesday.
After the opening day, when the
mecsaga ot the piesident is read, the
regular husiiiesa of the session will be
gin and the legislative wheels will
grind steadily until March, 1U05.
There is plenty to do. The calendar
of both houses are loaded with bills of
all kinds; hundred of new bills will
Lbe Intro-luce. 1, mid eomintttues are
ready to tepoit enough to ep congress,
busy for 12 months, but In the three
months congress probably will do little
more than pass the regular annual
There has been some talk of a possi
ble extra session. 1 he only reason
why such a session should be called ie
because there Is a demand in certain
quarters for a revision of the tariff, but
many of the Incoming congressmen
during the past two weeks have mada
it plain they do not want tariff revision,
and further say that they do not want
an extia session.
There is one feature of the tariff re
vision talk that has some substance.
Mora reveiiutf iiinat be had, or there
must lie a curtailment of cxpemlituie.
With the increasing annual appropria
tions, a river and harbor bill, increase
of Ihe Haw, the Panama canal and
other features of extraordinary dis
bursement, there will lie need ol more
money than present customs and inter
nal revenue provide. An Intimation
has been made that curtailment w ill
satisfy'many congressional leaders, but
the majotity may determine otherwise,
in which event some revenue legisla
tion may he necessary, and an extra
session for that purpose may be called.
But this is said to be a remote con
tingency, and the probabilities, accord
ing to the leaders who are herb, are
that there w ill be neither tariff legisla
tion nor an extra session.
Electric Companies Consolidated.
La Grande The La Grande electric
company bas consolidated witn tne
Cove Power company, and they have
ncorporated nnder the name of the
Grand Honde electric company. The
directors are Walter Pierce, J. A.
Thomson. T. II. and Clarence Craw
ford and T. R. Berry. The consolida
tion was effected because the La Grande
plant needed more power. The power
from Cove will have a fall ol 81)0 feet
and will require 3,700 feet of pipe to
convey it to the power station. The
force will create 800 horse power.
Wind Puts Crops In Danger.
Weston "Ihe grain is in a safe
condition yet, but if the' high winds
continue blowing it will diy out what
moisture there is in the soil, and, un
less rain comes soon, would seriously
interfere with the grain that is sown,
says James Kirkpatrick. "There ia
always a tendency to raise a cry of dis
tress as to the future outlook of the
crops, and, in truth, we Lave never
seen it seriously injured yet. providence
always providing at the needful time."
Heavy Rains Loggers' Boon.
Astoria The severe storms recently,
with the accompanying large rainfall,
has had benefits that many do not real
ize. It ban been a boon for the log
gers, and logs have been floated out of
some streams that have been on their
hanks for a couple of years. How
many feet ot logs have come out of
these streams lo tidewater cannot yet
he estimated with any doflniteness, but
it is fully 20,000,000 feet, an.l it may
he double this amount in the Lower
Columbia river district.
Commissioner Yerkes Reports an In
crease of i2, 1 03,079 per Year.
Washington, Dec 3. The annual re
port of Commissioner lerkes, of the
Internal Revenue bureau, shows that
for the fiscal year ending June 30,
11104, the receipts of the bureau were
$232,004,004, an increase of $2,103,079
over the collections for the next year
preceeding. The cost of collections
was 1.08 per cent, as against 2 07 for
the year 1003, and 2.83 pet cent, the
average cost of collection since the
formation of the bureau.
TLe estimated receipts from all
sources of internal revenue for the fiscal
year ending June 80, 1005, are $230,
000.0110. In 1903 the total production
of distilled spirits was 148,201!. 875 gal-
oris; in 1904, 139.505,214 gallons. In
1903, in round numbers, 114,000 000
gallons ol lax-paid spirits wore wuri-
lrawn; in 1904, 117,000,000. There
has been a decraeno in the amount of
tobacco manufactured and an increase
in snuff. Tlie-e was an increase in the
production of beer.
WILL WORK POR SIUSLAW RIVER.
Great Stacks of Cordwood.
La Grande At Kamela. 25 miles
west of here, there are 3,000 cords of
wood stacked up in the yards awaiting
shipment to different wood dealers in
towns west of there. At Meacharn,
near by, almost as much more is pilvd
up. Wood ia now re'ling on board the
cars in the mountains at from $2.50 to
$3 25 ner cord, and it is said there Is
scarudy a cord h;ft in tho t'.sr.bcr.
When cars are available, big shipments
will be made by the dealers.
Oregon Supreme Court Reports,
Salem Volume 44 of the Oregon su
preme court reports ii out of the bind
ery and the books have been delivered
at the office of Secretary ot Slate Dun
bar for distribution to the judges and
district attorneys and to lie placed on
sale to those who wish to buy. The
state sella the reports at cost, $3.60,
and those who get the volumes by mail
must Inclose 27 cent for postage.
Epidemic Among the Chickens.
Albany Several different citizens
of Albany and vicinity have lost a
number of chickens recently, they hav
ing died suddenly from some unknown
cause. One Albany citizen lost all his
chickens in a few hours, and a fanner
named Cary living near this city, a few
weeks ago lost 90 chickens in a short
time. The fact that only a few flocks
belonging to citizens living far apait
have died, and that where any died
almost all the flock died, loads to the
supposition that death was canned by
Only Few Sales of Cattle.
Susanville The sain of beef cattle
has been light in this vicinity this
season. A Portland buyer picked 107
head from a round up of several hun
tired, paying from $2.10 to $2.50 per
hundredweight, the former figure being
for cowa. rew cattle will be wintered
here, no more than to supply the local
market. Some are being driven to
Prairie City, but the greater number
will be taken to various places down
Hermann Will Co-operate Willi San
Washington, Dec. 6. Representa
tive Hermann appeared today before
the rivers and harbors committee with
the expectation of having a hearing, so-
that he might present the needs of
vaiioits river and harbor Improvement
along the Oregon coast, but was in
formed that the committee is giving no
hearings. An arrangement has been
made, however, for a heating before,
the subcommittee, at which time Mr.
Hermann will appear with the delega
tion from San Francisco, now en route
to Washington to urge a liberal appro
priation for the improvement of tho
riuslaw river. Mr. Weridhng, a largo
shipowner of San Francisco, who ia
eeply Interested in the hiuslaw trade.
will head the committee. Jf permitted
to do so, Mr. Hermann will also urge,
the suhcr.rninittee to make liberal ap
propriations for other rivers and har
bors along the Oregon coast.
President Did Not Say It.
Washington, Dec. 3. It was author
tatively stated at the White house to
lay that the president had no recoilec
tion of a visit from John IseattiH, the
representative of the Master Painters'
rid Decorators association, who, at
the convention of the Citizens' Indus
trial association in New York today
laclared that the president had indors
ed a proposition to put upon labor tin
ions the responsibility for paralyzing
business by lockouts. It was also ar
nounced that the president did not
make the remark.
Power Plant Almost Ready.
Milton -The flume for the Milton
city power plant, has been completed
and workmen are finishing the power
house. The plant will be completed
about December 15,
Northwest Wheat Markets.
Portland Walla Walla, 83c; blue
stem, 88c; valley, 87c.
Tacoma Bluestem, 85c; club, 88c.
To Expedite Ratification of Treaties
Washington, Dec. 3. That the rati
fication by tho American seriate of the
arbitration treaties recently signed, and
of those now being negotiated, may be
expedited, the state department is en
deavoring to have all the treaties iden
tical in form. Belgium and several
other powers have suggested a new
form of treaty, and aliould any power
insist on this the negotiation of the
treaty necessaiily would be delayed
Tearful Conditions In Mexico.
Mazatlan, Mexico, Dec. 3. I.ate
reports from the northern part of this
state say that fearful conditions exist
there. Deaths range from 20 to 40 per
day, owing to starvation and marlaria.
In many instances the dead are not
given burial, it is said, but are thrown
into open ditchea and canals. The au
thorities aro unable to cope with the
Taft's Mission a Success.
Panama, Dec. 6. Negotiations ar
still in progress between Secretary of
War Taft, representing Ihe United
States, and the Panama government,
looking to the settlement of points in
dispute regarding the government of
the canal zone, and an agreement muy
he said to be in sight. In order that
possible complications may be avoided
the conferences' are Doing conducted in
secret, and nothing will be given out
until both sides aie agreed. President
Amador tonight gavo a banquet lu
honor of Secretary Taft.
Will Walt on Russia.
Washington, Dec. 6. Official an
nouncement was nuidu at the State de
partment of Russia's conditional accep
tance of the American government's"
invitation to Join the other powers at
The Hague for a second peace confer
ence. Russia's suggestion for a post
ponement of the congress until the
close of the war must necessarily delay
further ateps for the present, for the
rearon that it is desired that Russia
shall participate in this conference.
icw Russian Loan Soon.
Paris, Dec, 5 The bankers here ex
pect that the new Russian loan of $20,
000,000 will be issued this or next
month. A syndicate ot French banks)
will take approximately $100,000,000,
and the German banks $100,000,000.
It is believed that the new loan will bo
readily taken up at nearly par, or abovo