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MEPFORD MAIL TRIBUNE, MRDFORPrOKKaON'.SMMIRPiV.Y. .AUQUSf,, J,.. 1014 ' '
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EXCHANGE'SCLOSING
HEADS OFF DANGER
OFHCIA
L
PANIC
NKW YOHIC, Avtr. 1. After four
dnys of. severe iiiiiultlcinciit re-ult-Jinr
from tlic Aiistro-Scrvinn Mtuu-
tlon, Ihe New Yoik slock c.elinn;c
decided lo discontinue operations
nml yesterday cloed for nit indefin
il period. Till decMon wns not
reached until shortly before the op
enliijr lionr, when Icndiuc; bnnkinj; in-Icie-dH
ndvl.icd tlic cxrliniigc tlinl
tiny otlior course might endanger
credits nml put tho entire finiinrinl
structure of the country to tc.t lie
yond endurance.
II is altogether likely tlml Iho ex
change, iniisht luive proceeded to do
Iiumiicsf, regardless of the more
lnrnneing war outlook, hut for the
fni't thill the closing of the Loudon
exclmngo left it in n im-ilion where
if would have hnd to absorb tho
stock offerings of all the world's
markets. This, it wns reasoned,
would have resulted in a titanic
wave of selling, whieh would have
depressed prices to n panicky level.
The preceding day of the week
were n succession of more or Icsh
convulsive movement! which had
their origin Inrgcly iu the heavy sales
of our securities by Loudon and the
continental markets. The one topic
of discussion ami cause for appre
hension lay ncross the water, all do
mestic factors, such as the crop out
look, mostly in tho eastern freight
rate decision and the quarterly state
ment of the United States Steel cor
poration, sinking into the back
ground. Tho heavy selling of stocks at
steadily diminishing nines wns ac
companied by demoralization in for
eign exchange and the imposition of
nlmo-t prohibitive "war risks" de
manded by tho marine insurance
companies for shipment of gold to
London nnd Paris, which again at
tained largo proportions.
A number of foilurcs on the stock
nml collon exchanges followed the
locing of tboe institutions, but it
is believed that more disastrous ef
fects would have resulted but for the
suspension.
AMERICAN
BANKS
STOP EXPORT OF
10 EUROPE
0D
NKW YOKK, Aug. t. Determina
tion ot American bankers to prevent
the exportation of more gold to Kit
rono may make It extremely difficult
for the 300,000 Americans abroad to
get cash for their Immediate wants.
It was Indicated today In reports
from abroad that In the eent ot a
Kcncral war and the suspension ot
payments by the banks it would be
Impossible for Americans to get cash
on their letters of credit or travel
lers' checks.
Express companies, members ot the
American Hankers' association and
representatives of foreign bankers
have announced that they have ills
continued tho Issuance, of letters ot
credit or tho salo of travellers'
checks, because, it was said, It was
Impossible to buy foreign exchange
to cover them.
The express companies and banks
announce that every effort would bo
made to Insure payment on alt out
standing checks. They explained
that they had sufficient balances
abroad to meet those demands.
HIGH PRICES FOR
iSTRIA CALLS
TOURISTS
CHARGED
RUSSIA
ENROLLS
BY STEAMER LINES
Nl'W YOKK. ,inr,. I. Susmmmou
iwis on orders received from the
home, offices of the Oiuurd line nnd
(he .Intel national Mercantile limine
in Illinium). Hundred of poisons
lud engaged passage. The compan
ies.. iiunounenl the passage money
would be refunded.
LONDON. Aug. 1.-American
ourists in Knglnnd entirely gave up
their sightseeing trips today 'anil
flocked to foekspur street, where
the headipiartcrs of the trans. Atlan
tic steamship couitiiiics are situat
ed, to try to hook passages home.
The Cunnrd, the White Stnr and
200.000 RESERVISTS
El
A
HM
E
!- -V
WAR
SITUATION
VIEWED GLOOMILY
IN FRENCH CAPITA
L
Nl'W YOKK. Aug. I. -OCtiehil Ju.
"ice- was received today nt'tlle'Aiisk
(ro'lluiigiirSaii consulate lioio that
(he reserve had been called for gen
eral luobilixntlon. Two hundred
thousand Austrian's end Hungarians,
ll wns nid nt Iho consulate, would
therefore innuediatelv be called on to
return home from this count fy and
join the colors.
How to get tho 'JMkOOO men. buck
lo Austria-Hungary wits a problem
officials nt the consulate were try
ing to solve. It was at first planned
to hne the reservists Miil from New
York on Italian steamers. These
miibnmfartnn was. to .return to
French foreign ofrfco'niinlh til 11
other Urilish and the Dutch lines did I steamers, however, it was said at
EDSON NOT SEEN
IN KLAMATH COUNTY
KLAMATH FALLSf Aug. 1. Sher
iff O. C. Low thought bo had lo
cated one Kdson, wanted at Gold HIU
for taking two horses not belonging
to htm, for leaving unpaid bills and
on other charges. Sheriff Low even
went to tho trouble of a trip to Fort
Klamath only to dlscorer that tho
suspect there was not tho roan
wanted. Sheriff Low now is suro
that Kdson is not In this region.
Kdson left Gold Hill about a week
ago without bidding his friends adols
and since then has not been seen or
heard of, at least, by tho authori
ties of this or Jackson or Josephine
county. He is driving a team of
horses that are not exactly fat and a
wagon that is not exactly new, nut
ho has not been seen here, says Sher
iff Low.
ALLJOERVISTS
ST. PKTKHSHUKO, Aug. L Kn
rollment of the rcservNU of the
Russian army started at a hundred
centers in the Htisinn capital at 0
o'clock this morning nnd was accom
panied by stirring scenes. Crowds
of women mid children accompanied
their husbnnds and fathers to the
assembling stations, while priests
everywhere blessed the reservists ns
they marched through the streets
singing hymns.
EVANS VALLEY BRINGS
GRAIN EOR 1915 EAIR
un immense business, accepting many
passengers who had intended to sail
on Ilnmburg-Americaii liners, all of
which had been definitely withdrawn
from the service.
Maximum rates were charged by
all the companies and mniiv passeu
gers paid high premiums for tickets
to hoe who had them bought pre
f erred taking the profit in the hope
ot getting home later at a lower rate.
The French trans-Allnntic line and
the North German Lloyd still ac
cepted bookings for their passengers
today, hut most of the would-be
passengers seemed to prefer Hritish
vessels.
Thomas Nelson Page, ambassador
to Italy, who had booked on the Itn
Hrator, decided today to return to
Home in view of the critical situation.
BEING HELD TODAY
PETROLEUM EXPORTS
TO EUROPE STOPPED
NKW YOItK, Aug. 1. All exports
of potroleum and other oil products
destined for Europo have been
stopped by tho Standard Oil company,
such commodities being considered
contraband of war. Several Stand
ard Oil tank ships that were to Icavo
Atlantic ports today have been or
dered to remain at dock.
Hogue illvcr and Kvons creek vat
ley contributes samples of grain for
Sau Francisco fair.
Editor V. It. Drawer of tho Itoguo
Illvcr Argus caruo staggering into the
exhibit building yesterday with a
load of grain and hay samples that
have been selected by his patronB for
display at the 1915 fair.
Rogue Kiver and Evans valley
farmers may well feel proud of their
excellent farm products. The con
tributors are:
Fred Minthorn, vetch, wheat, oaU.
rye; "W. H. Slsson. wheat; George
Martin, vetch, wheat; Ed Boyd,
wheat, timothy; Mrs. Ida Macgcrly,
wheat, oats.
Tho Commercial club wishes to
thank these people and Editor H row
er for their liberal rcotie uiid In
tcrcst.
LOUISVILLE. Ky., Aug. 1. Inter
est In tho warm campaign that has
been woged by former Governor J. O.
V. Beckham, Hopresentnttvc A. O.
Stanley nnd Governor James I). Me
Crcary, for tho democratic nomina
tion for the long term in tho United
States scnato and in vigorous con
tests In several districts for nomina
tions to congress, was oxpectcd to
bring out a largo vote today In tho
statewide primaries ot Kentucky
democrats, republicans and progres
sives.
In addition to nominating two
candidates for the United States
senate, one for tho short term from
November to March 4, and one for
the regular six year term beginning
next March, tho three parties were to
choose candidates for 11 seats In con
gress, and a Judge ot the state ap
pellate court.
JAPANESE NAVY
READY EOR SERVICE
GERMAN AMBASSADOR
LEAVES PARIS TONIGHT
LONDON, Aug. 1.-Information
j encjied the French embusy here
today Unit (hu (leruiun itmhaxgador
in l'liiis Iiiih intimated that hu pur
Iocd leuviug his pot tonight.
PELTON AND L00?LEY
POISON THEIR COWS
FOJIT KLAMATH, Aug. 1. Kiuht
lieud of cutllo belonging to Junius
J'bJIiiu and Ired Loosloy have been
kilM by outing poUouud out, The
poUonud oaU had buwi bet out on
(lie CulvornoH plane, where JVIton
iul Looftltiy wure pwHtuiliig cuttlo to
kill prMtMhpjijwrtf, but lbs cattle
ffWNtj Ike rln miA deioiuid it
TOKIO, Japan, An;;. 1. -The Jap
anese navy has been prepared to
meet any emergency and the minis
ter of marine, Vicc-Admiral Hoktiro
Ynshiro, today went to Nikko to con
sult the emperor on the international
situation. In the meantime the sec
ond battle squadron hu aeinb!ed
at the naval station, Hasebo.
The Japanese, government has
postponed its proclmution of its neu
trality between Austria-Hungary and
bervin, and is in constant communi
cation with the llrili-li government.
ACCUSES LAWYER OF
APPH0PR1A1ING ALIMONY
A warrant has hc.-u issued in the
court of Justice Glenn 0. Taylor,
upon compluint of .Mrs. Georgia M.
Kcholl of Central l'oint, charging
Attorney O. II. Uiwlor of this city
with embezzlement. Tlio warrant
was Hworn to Thursday, through
Prosecutor Kelly, but has not been
served, bccuiine of the constnble'H
ubsence.
Mrs. Kcholl alleges that Altornev
Liiulnr appropriated alimony
amounting to $40, collected from
County Clerk Gardiner, uh her ntlor
ncy, and failed to turn tho money
over,
ANK OF FRANCE RAISES
ITS RATE OF DISCOUNT
I'AHIH, Aug. 1. Tim Hank of
Franco jmlny mixed lu ilUcoiiul
rale from -JI-J to II per cent and iU
tnt for Imiiuf fim i'i tffi 7 pur,
cent. Tbn Imiirtit wux ihuhi. lull
SUNDAY SCHOOLS TO
PRAY FOR PEACE
NKW YOKK. Aug. 1. -Thirty mil
lion members of the World's Suuduy
School association, scattered
throughout tho world, have been
called on to pruy tomorrow for
peace. Tho call for tho caco pray
ers was issued today by Sir Robert
Laldluw, president of the ussociu
lion.
the consulate, would nave to pass
Gibraltar, where tbev might be selxcd
by KnglmnI nnd the reservists taken
ns prisoners of war.
BRITISH MINERS
OPPOSING WAR
CAKD1FF, Wales Aug. 1. -The
executive council of tho South Wales
Sluiers' Federation ret used today to
accede to the suggestion of tho Brit
ish admiralty that the miners in the
collieries supplying esscls of the
navy should work ou Tuesday and
Wednesday next, which had been ar
ranged us miners' holidays. The
council took tho ground that it wns
not necessary for defensive purposes
for the miners to work, and they de
clined to encourage Hritish interven
tion in n KuroHan conflict.
The members of the council sug
gested that this was an opportune
moment for the miners of Hiiropc to
force on tho government their views
condemnatory of war and urged the
culling of n convention of miners of
nil nations with this object in view.
TELEGRAPH LINES
TO GERMANY CUT
, I'AUIH, jAug. inarm .Von
Siihncii, ' .(leruuut nmltadbr )J
i.. :. ...n.i .fl.i...l ... .i ' Ai.
office and fromler Ylvlnnt, then at
tending a cabinet council nt the.
Palace of tho Elysco, left bis col-
leagdes and had half nu hoMr's con
fercuco with tho German diplomat.
It was afterward announced that tho
Ilia
tha af
ternoon.
. Tho conventloii gave Hj to nu Im
pression that hopa of peaco must not
bo considered Irremediably gone,
but It was admltcd that tho situa
tion wns very gloomy,
Nothing was known among the
general public ns to what was going
ou behind tho scenes which fell alotu
tho Germnn frontier yesterday after
noon. Evoryouo supiKised Gorinnn
mobllUatlon was In progress and
that tho French government was tak
ing tho proper measures to meet the
situation.
Many weddings were performed
)estorday and today, having been has.
tened owing to the proupcct ot tho
bridegrooms having to Icavo for the
frontier.
The churches wcro full of wor
shippers, among the in many women.
, i , in nm , ni f .in
I ii 1 i i i . .,
it
Behling's
Low Shoe Sale Commences
j j londay, August 3rd
ctf
ig s
8loa 6lor
' I '' i.
i1 1.
DISCOUNT RATE RAISED
NOW TO TEN PER CENT
LONDON, Aug. l.-The Hank of
F.nglaud today raised its discount
rate to ID per cent.
NLW YOKK, Aug. 1, The French
Telcgniph-Cable cumpuiiy announced
today there was little likelihood of
messages for Geneauy reaching their
destination over its lines, ns ull tel
egraph wires within Germany had
been cut. Message to German Kints
wcro accepted at the sender's risk-
The Power of Our Powder
Is welt known. Thou
sands of women have .
learned It rntscs tho
dough thoroughly, leav
ing It light, moist, and
delicious.
VALUABLE ASSET
An account with tho Jackson County Hank U a valuabln
asset to any oung man or woman, It speaks volumes
for character and good management. Your account Is
cordially Invited.
i Interest Paid on Savings Accounts.
'Jl
i interest raid on Savings Accounts. l
M QVCW ff VKAW UNDKW ONC MANAOf MINT fl
tgSrj
Everyone Should Read
Bulletin 103, U. B. I)opt. or Agri
culture. It settles tho question of
aluminum compounds in baking
powder.
Wo mail copies oa rcuet
Crescent Mfg. Co., Hcattlo, Wash.
Urban in id ititoriirlmn iiiou find tho
Ftifd a faithful friend. For tho qutak
trip into townfor (ho leisurely rido
through t'onntryHitlo for hiiHinoHs
for plcasut'o anywhoroovorywhoro
tlm Ford HorvoH lOHt. And it's
liht, rlRht, dopundahlo aild im-oiioiii-ioal
besides the Ford servietj Al
ways. f&IS la tha pries of tha Kord runabout; tba
touring car Is 1146 f, o. b. Medford, complala
with aulpmsBt. Oat catalog and particulars
froas
C. E. GATES
BPAItTA HUILWNO. MKI)F01U, OfUC
TO NEW YORK
PHILADELPHIA, Auf. 1. Thirty
million dollars in double caglo gold
coins was shipped today by parcel
post from tho Philadelphia mint to
tho sub-treasury in New York, mak
ing a total or fifty million forwarded
since Thursday. It Is bald twenty
million moro will bo sent on Monday,
Cant of lliunks
Wo dcslro to express our heartfelt
thanks to our many friends and
noghbors, who so kindly assisted us
during tho Jllncss and death of our
darling baby,
MIL AND MILS W, F. QUI8BNHUUY
MIL AND MItS, II, C. IIUUUBSa
MIL AND MUH. J. WOLD. 313
aam. iV gaHHal bbV
ELECTRIC FARMING
What One Gents Worth of Electricity Will Do
(At Ten Cents Per K. W. Hour)
Separate. 700 pounds of milk. Churn 10 pounds of. butter. ' Milk ft hows.
Elevate 5 bushels of grain 19 feci iu ft minutes. Keep soldering iron hot 40
minutes. Keep half pint of gluo hot for ft hours. Operate forgo blower for 2
hours. Operate farm grindstone for 30 minutes. Operate portable drill for
20 minutes to 1 hour. Clean 4ft0 square feet of carpet. .Raise IftO gallons of
water 100 feet. Operate a sewing much ine for 2 hours. Operate a 12-iueh fan,
fur 2 hours. Run a domestic buffer V hours. , ........
I r.
!1 J
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r
.
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H
fa
IS THE CHEAPEST TO INSTALL, COSTS LESS TO OPERATE,
IS "ON THE JOB" AT ALL TIMES-DAY AND NIGHT
For further information citll at our office or-pbone'
Patron Lo I loose
Oy smoking ML Pitt, the best Gc
clgur on tho market.
SEATS NOT ALL SOLD
Tint report Unit nil heula nru
i.od for "Oiimr, tlio Tent
iimker," U crroiieoiu. Tlmro
lire iilenlv of unml seats nt the
tbwter bv, pre.
i
California-Oregon Power Company
216 WEST MAIN STREET
X ifiBp
Phono 108
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