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'AILYEVENINGEDITIQN People from ten counties In eastern Oregon niuke Pendleton their trad ing and banking center. There's a reason for It. It Is the Pendleton Spirit. WEATHER FORECAST. Fair tonight; Friday probably rain and cooler. VOL. 20. PENDLETON, OREGON, THURSDAY, OCTOBER 24, 1907. NO. 5108 FINANCIAL STILL STARTLE EAST Two More Big Banks Tumble Stock Exchange Scene o Wild Activity, STOCKS KNOCKED DOWN IN HUGE BLOCKS Values Shrink Tlwtwands In 39 Sec ondsTwelfth Wurd and Hamilton Savings Newest Failure Involve MlllloiM llotli Banks Ualiit Sol vency Flttttburg Exclmnge Still CloHcdi Ifccoclvcrs Appointed for WcstlnghouMO Interests. New York, Oct. 24. A panic struck the stock exchange shortly after noon today and for the lust hour Htocks behaved In the wildest and most eratlc manner. FrenzUd speculators driven to a state of nervous uncertainty by events of past few days, suddenly lout their heads upon the flood to sell orders ond huge blocks of every stock were offered at most any kind of a price Vulues fell off by thousands In the space of 30 aeconds. Union Pacific dropped -six points In less than a minute and sold down to 100 and then recovered. St. Paul touched 99 and Reading 70. Heavy buyers charged and se cured the floor and after a time their steady taking had the desired effect and a more bouyant tone held until the close. Two More to Wall. New York, Oct. 24. Two more banks failed today, the Tweflth Wurd and I lu ml I ton banks, both smaller In stltutlons than hitherto Involved. The state banking department is In charge. The Hamilton bank had six branches In Harlem and In Wil liamsburg. The Mercantile National formerly cleared ior the Hamilton. The Hamilton hnd deposits amount ing to $7,000,000. The Twelfth Ward hnd deposits amounting to S3, 000, 000. Takes Advantage of Law. New York, Oct. 24. The Empire City Savings bank Is the first Insti tution to take advnntuge of the new state law which compels depositors to give 16 days notice of Intention to withdraw deposits. Its deposits' amount to $3,5Ofl,000. Hamilton llnnk Claim -Solvency. New York, Oct. 24. Hankers state that the Twelfth Ward bank Is sol vent, but that it closed Its doors to safeguard all depositors. The Hamilton bank nns a notice on Its door which states "This bank absolutely solvent." ' In Justice to all depositors It suspended payments tin til public confidence Is restored. Pittsburg; Exchange Still Closed. Flttsburg, Oct. 24. The stock ex- chnnge will remain closed today and will probably stay closed until the financial story Is over In New York and the questions relating to the Westinghouse affairs are settled. Rjvclvcrs for Wesilngliouse. New York, Oct. 24. H. M. Herr, Charles Burllnghnm and T. H. Glsten were appointed receivers of the Westinghouse Interests today. Morgan Says Action, Not Talk. Kew York, Oct. 24. Harlem and Bronx are In an uproar. Depositors are flocking to various banks to draw funds and the run on the American Trust continues. Morgan said this morning: "The first two hours tell the tale. We have done all we can. I hope for the best. Time for action, not talk." Governor Simrkes Declares Holiday. Reno, Oct. 24. In accordance with a proclamation by Governor Sparkes declaring today, Friday and Saturday legal holidays, all banks In the state failed to open doors today. Spnrkes took action to prevent runs on weak banks. If the situation Is no better Mon day holidays will be continued. Heavy Loans at 50 Per Cent. The loaning section of the ex change today was the scene of ex citement when heavy loans at high rates were called for. The National Coppers bank loaned $500,000 at 50 per cent, the First Na- (Contlnued on page 8.) Cloudburst In California. Santa Paula, Calif., Oct. 24. A terrific thunder storm here destroyed crops and washed away sections of Southern Pa cific, tracks, causing damage that will reach thousands. The rain amounted to a cloudburst West in Good Shape. SAN FRANCISCO Abundant capital for legitimate purpos- eH. Western banks are ere.!- Kirs. No failures. CHICAGO Brinks never so sound, owing to .Inspection by clearing house Mnce failure of Chicago National. LOS ANGELES All banks sol- Id, but stringency hus restrict- ed loans and general loans stopped to accumulate sur- plus. No Important failures, though some lines of bust- . ness overcrowded. SALT LAKE Financial condl- tlon never so good. Banks have large reserves. Volume of business increased. Slight decline In mining stocks. HELENA Financial tondltlon never better. Bumper cropr., record prices for wool and sheep and cattle are higher. State banks have unpre- cedented deposits and re- serves. SEATTLE Bank deposits ln- creased from $80,000,000 to $72,000,000 since January 1. Banks lend large sums in east. Only depressing element Is reaction from real estate speculation. TACOMA Banks show unusual solidity, with great increase In deposits. Good crops at un- heard of prices.. SPOKANE Volume of business 20 to 25 per cent larger than last year. No tlehtenins- In money market. Clearings and deposits larger than ever before. DENVER Bank clearings steadilv Increase and mlnlno- men not affected bv cornier slump. SIGERS III DIE. BROUGHER ENTER TAINS LARGE AUDIENCE Pithy Epigrams and Clever Wiitlels- Ims Reviewed Willi Applnusr Likes to Talk Hack to School Teachers Truths Uniquely Garbed Every Man the Architect of His Own Character No Use for Ghosts or Corpse Hits Card rinyln, Dancing and Society Life. Dr. J. Whitcomb Brougher, promi nent Baptist minister of Portland was the attraction at the session last evening of the teachers' Institute, and he drew a good house. Frepar atory to the lecture two selections were rendered by a double quartet and Miss Georgia O. Daniel gave a reading that sustained her good rep utation as an elocutionist. As a lecturer, Rev. Brougher dif fers widely from the average pulpit orator. He has been called the Sam Jones of the Pacific coast, but last night he said he did not wish to be so designated as he preferred to be known for himself. His style Is sen sational and last night he was often facetious. But he kept the audience awake and frequently brought forth applnuse by some witty fling. In opening his lecture Dr. Brough er said that since he hnd been a boy he had never lost an opportunity to talk back" to school teachers. He then proceeded with a general dis cussion of two hours' length In which he brought forth many well-known truths adorned In unique garb. Among other things he presented the Idea that every man is the archi tect of his own character ond that ho must live In the house he builds. He said he never tried to get Into har mony with his environments but 'In stead forced his environments to har monize with him. While In collegs he had taken a four-years course In two and a half years and was nt the same time a captain of the football earn. Since then he has continued his physical training and he declar ed there are two things that are of little use In this world. They are ghosts and corpses. A corpse he de fined as a body without a spirit, while a ghost Is a spirit without a body, both being equally useless for practical purposes. In closing the speaker took a rap at theaters, dancing and "Snssiety" Indies. Low-necked dresses met with his disapproval and he had words of scorn for those who found pleasure In tripping "the light fantastic toe." STATE FEDERATION ELECTS. Mrs, Sarah Evans of Portland Again . Heads Women's Club Salem, Oct. 24. The following of ficers were elected by the Oregon Federation of Women's clubs: Mrs. Sarah Evans, Portland, re-elected president; Mrs. Romard, Salem, first vice; Mrs. J. L. Hnyes, Portland, re cording secretary, and corresponding editor; Mrs. Francis Cox, Troutdale, treasurer; Mary E. Stafford, Eugene, auditor. HIS ADORES SHOT TO DEATH BY PORTLAND THUG Harry Logan of Pocatello Killed by H'ghwayman on Fourth Street Bridge, RAILWAY ENGINEER RE FUSED TO HOLD UP n.XI)S. Murder Committed at 1 O'Clock Last Night and Murderer Made Ills Ks iK Victim Wus in Portland Vis King His Family and While Return Inir Homo Wan Accosted by the Robber Fight Ensued and Logan Was Shot to Death. Portland, Oct 24. Because he re fused to hold up his hands when or dered by a lone highwayman early this morning on the Fourth street bridge, Harry M. Logun, of Pocatello, Idaho, a railway engineer, who was visiting here with his family, was shot and fatally wounded. He died a few hours later as a result of the wounds. . Logan was crossing the bridge about 1 o'clock when the highway man stepped out from behind a gird er and ordered tiltn t ohold up his hands and shut up. Logan swung at the man's face and a scuffle ensued. The robber then broke free, stepped back and said: "Take this, you ," and shot twice. Both shots took effect. He made his escape and has not been cap tured as yet. COPPS TO SUCCEED SMALL. San Frunclsco Man Win iTonnniy Head Commercial Telegraphers. Milwaukee, Oct. 24. The division of the entire country into districts to lid In gathering funds to carry on the strike and the selection of a new president of the union Is the work that faces the national convention of commercial telegraphers today. A. W. Corps of San Francisco, will probably succeed Small. The sentiment today favors a com promise on a presidential candidate lid Copps seems to lead all others. Cupps was in the Postal office be fore the strike and was head of the finance committee of the San Fran cisco local. Copps was- deputy national . presi dent under Small during the. first San Francisco strike and is regarded as an exceptionally able nnd ener getic man. A resolution calling upon Samuel Gompers of the American Federation of Labor to donate a portion of the $2,000,000 fund in the treasury was discussed last night. S. P. REFUSES TO PAY TAXES. Portland, Oct. 21. The Southern Pacific today refused to pay any tax 's to the state on the ground Unit the state equalization Ixmrd is illegal nnd s not constitutional. Blir Passenger List front Alaska. Portland, Oct. 24. With 800 pas sengers, the steamer President ar rived at Seattle from Nome at 7 o'clock this morning, on the last trip she will make during the season. It Is one of the largest passenger lists to come from the far north since the early days of the gold craze. Japan to Hol.i World s Fair Toklo, Oct. 24. Baron Kaneko an nounced today that it has been de- Ided to hold a world'? fair In Toklo in 1912 and that all the nations of the world will be asked to make exhibits. ETON'S FINANCES FDD TOE PAST THREE HEARS A comparative statement showing th expenses and receipts of the city during the past three years has been compiled by J. R. Dickson, financial gent of the council, and It was read t the meeting last night. The com plete statement Is as follows: Expenditures, 1907 $1,801 217 1,173 4,545 3,098 362 4,278 408 3,220 5,270 1,531 $20,718 $21,543 $26,358 Betterments .. 8,730 24,362 32,237 Bills payable , 1905 1906 Fire dept.,' op. $2,306 $2,001 Sewers, opr. . 274 94 Recorder .... 875 1,068 Police dept... 3.780 4,058 Lights 3.000 2,821 Elections .... 60 Interest, bonds 4,093 4,030 Int. real estate Sprinkling sts. 2,494 Streets 6,167 2,958 Legal 785 1546 LET BBS 810 FOR PUBLIC FUNDS1 Scheme Presented at Council Meeting tO Work tO City'Sj Senator Borah was In Salt Lake , i j x lcltv en route from San Francisco lo r nanCial AdVantad j Boise. He has been on the coast at- - COUNCIL REFERS MATTER TO FINANCE COMMITTEE Routine IlusliicMi Transacted by Council East (Vurt Street ilesl dentsj Don't Want Foundry Treus nrer Edwjrd's Report Read War rants to Amount of $10,000 Ordered taken Up Alia Street Between Main and Gurdcn to bo Improved Oilier Business Transacted. At the council meeting last night the proposition of selling the city bonds and, of further street Improve ments occupied the time of the city fathers. During the meeting a communica tion from W. L. Thompson, cashier of the Commercial National bank, was received and read. The substance of the offer was that the city offer to deposit its treasury balance in the bank making most favorable bid and that the bank receiving ttie money give Pendleton city bonds as security for the same. By this plan It would be necessary for the bank to pur chase enough bonds to cover the amount of the balance and thereby create a market for a least a portion of the bonds the city now wishes to sell. An ordinance, providing for the adoption of the plan, was also pre sented to the council, but was not read. Instead the entire muttpr ni referred to the finance committee. a petition from property owners on fcast Court street protestine against the use of the streets by the foundry was read and referred to the street committee. The monthly report of Treasurer Hamilton was read and Immediately afterwads it was ordered that $10, 000 of -,'ie outstanding scrip bo taken up.- ' V An ordinance providing for the mprovement of Bush street from Jackson to Wilson was read and re. ferred. That the block on Alta street be tween Main and Garden be macad- umizod was recommended hv ih street committee and the city attor ney was inntructed to draw the ne cessary papers. WinslOW rtlOS nslfi,I hornil..ln . Establish a time clock on the walk in front of their store nrwl tho . quest was left with the street com. mlttee. ATTEMPT TO HOLD IV TRAIN. Holders Rum Bridges in Effort to Get nt Railroad Pay Car. Chicago, Oct. 24. An attempt to noid up the Panhandle pay train near Reynolds, Indiana, was frus trated Monday night by a mistake on the part of the robbers. The highwaymen planned to burn two bridges near here, catching the pay train between them. By a mis take the local passenger train was caught instead. Robbers did not molest It and the bridge fires were put out. The pay train carried $30, 000 m cash. IDAHO FOR ROOSEVELT. Senator Borah Declares President Holdg'lllgh Hand In His State. Salt Lake City. Oct. 24. "Idaho Is so thoroughly for Roosevelt that It hasn't even considered a second (Johnson note) Rep. levee bonds 6,000 10,080 Totals ... . $29,448 $45,905 $73,675 Receipts. Dog tax ..... 350 Tax rolls 10,940 Fines 9,624 Liquor licenses 12,085 Miss, licenses 205 14,194 4,504 10,825 1,219 307 13,127 5,362 14.167 914 Totals ....$32,899 $30,947 $33,877 Bonded debt. 190,000 200,000 160,000 Outstanding warrants . . .. 48,000 In 1905 the cost of street sprink ling Is Included In the streets ac count. Of the money spent on bet terments in 1907, $21,433 was in levee work and $10,804 on street pav ing. In 1945 the money received from miscellaneous licenses was cred ited to the saloon license account. No money has been set aside for the sinking fund this year. choice for the presidential nomlna tlon," said Senator W. E. Borah while here last night. "There are a great many friends of Taft In Idaho, but his popularity lo eclipsed by that of Roosevelt. If he Isn't the nominee of the republican party for president, I can't say who will be supported by the republicans of Idaho. "While I haven't found much dis cussion of presidential possibilities In I the west, there Is a growing senti ment in favor of Hughes In Califor- . .. . ... . tenaing to legal ousiness ana is on his way home to participate In the Pettlbone trial. RECEIVED $2000 FOR VOTE. Ex-SuiervlHor Jennings Says That Is What He Received for One Vote. San Francisco, Oct. 24. When the Ford trial was resumed yesterday morning ex-Supervisor Jennings Phillips was on the stand. Phillips suffered from bad memory but admitted he had received $2000 for his vote In favor of the overhead trolley franchise and that he had complained to Gallagher and said this was not enough. Rogers accused Phillips of talking his testimony over with Gallagher but this Phillips denied. He admit ted, however, that during last Ford trial he had carried a message from Burns to ex-Supervisor Coffey In which Burns said he was not satis fled with Coffey's testimony ond In quired If Coffey wanted to be In dicted. Phillips said he had always voted as Ruef directed, regardless of what he personally thought. Rogers and Heney fought all day, both accusing the other of unfairness and shyster tactics. EXPERIMENTAL T COMMERCIAL ASSOCIATION TO CONSIDER PLAN Executlvc Committee from Regents of Oregon Agricultural College to Meet With Local Association President Kerr Is Heec Executive Committee Will Visit Experliueuud Station at Union Proposed Station to be lxK-utcd at HemiLslon. Tonight the executive committee from the regents of the Oregon Agri cultural college will be here and a meeting is being arranged between them and the board of managers of the Commercial association for the purpose of discussing the establish ment of an experiment station at Hermlston. For many months past Senator C. J. Smith has been working to secure a government station for the irrigat ed section west of here and the prop osition now rests with the agrlcul iurui couege regents, xne govern ment has already offered to set aside 40 acres of land for the use of the station. The news that the regents' commit tee will be here tonight was received in a letter from E. E. Wilson, secre tary of the board, this morning. The letter was to Senator Smith and was turned over to the Commercial asso ciation by the doctor's secretary, Miss In the absence of President Rader. Lee Teutsch, vice president of the Commercial association, has called a meeting of the managers for 7:30 this evening. At that time the re gents' committee will be met and the situation gone over. President Kerr of the agricultural college, will be here this evening for the purpose of lecturing before the teachers' Institute. He Is an ex-offi- clo member of the regents and will probably act with the committee In the matters coming before It in east ern Oregon. The executive committee is com ing to eastern Oregon for the purpose of visiting the experiment station at Union and will stop here en route. PROBING COURT LIFE. Hartlen-Von Moltke Libel Suit Stir- ring Muck In Germany. Berlin, Oct. 24. More evidence was taken today in the Harden-Von Moltke libel suit. The kaiser's story was demanded by Harden as well as Von Moltke. Hnrden's attorneys offered more evi dence today showing Immorality of round table. Worst May Re Over. New York, Oct. 24. The action of Secretary Cortelyou in depositing funds in the banks and the heavy buying of Morgan and the closing of the Pittsburg exchange are believed to have averted a tremendous panic. The worst Is now over, it Is believed. Tacoma theater managers are put ting up a vigorous fight against the efforts to close the theaters on Sunday. STATION C SEMI DAK IS INTERESTING Prominent Educators Hold In terest at Good Level in County Institute, PROF. NEWELL GIVES TALK ON HORTICULTURE. No Laxity In Good Talk Dr. Kerr of Con Hills. Gives Good Reasons for Teaching of Horticultural Studies Splendid Musical Numbers Superintendent Landers' Address on "Points in Management' Other Interesting Topics. For the second day of the county Institute In progress at the Methodist church, the meetings have been fully as Interesting as yesterday and the scene within the big church has been a pleasant one. Today the program was carried out In detail, Rep. W. K. Newell and Prof. L. R. Landers being the principal speakers during the afternoon. President Kerr Tonight. Tonight Dr. W. J. Kerr, the new president of the Oregon Agricultural college at Corvallis, will deliver a lecture and It promises to be one of the strongest of the Institute. His subject will be "Education for the Industries," and It Is one upon which President Kerr should be well quali fied to speak. The lecture will com mence at 8 o'clock this evening and no admission will be charged. Address by W. K. Newell. The second day of the Institute opened with even better attendance and interest than the flrsf. After the regular routine work W. K. Newell, president of the state board of hor ticulture, gave a highly interesting and practical talk upon "Horticul ture." In opening he made the remark that he had heard so much about more salary for the teachers of Ore gon that he was almost afraid to sug gest a little more work for them to perform without an extra pay. How ever, horticulture having Just been introduced as a branch of the public school course, he thought some sug gestions as to the methods which might profitably be used In present ing the subject might be timely. Farmers and orchardlsts find It im possible to get trained help at the present time. The average hired man seems to know how to graft most everything except the fruit trees. It has long been a criticism of the pub lic schools that they train away from the farm Instead of towards It, and the prosperity of the farmer as well as of the country as a whole depends upon trained and skillful labor. The days of haphazard agriculture are over In Oregon. Benjamin Franklin said that Ignorance Is the most In exorable tax-getherer, and experience has proved this true. The teaching of agriculture In the public schools Includes the study of orchards, trees, gardens, and almost everything in natural history except animal Industry. How to make this Important matter Interesting to chil dren Is the question now before the teachers. This, Mr. Newell does not think will be at all difficult. He would not advise that it should be taken up as an additional branch of the already crowded common school studies, but thinks It could easily be combined with the lessons In the ordinary branches, and so be made of direct Interest. It would not be well to begin with any of the abstract laws of the com position of the soil or dull theories on how the ground should be treated. Rather let the child actually plant a tree and watch It grow; or let him start something, strawberries for ex ample ,at home. A few strawberries In a window garden will do more for the study of horticulture than several text-books. This would give them something to watch all winter and prove a never-failing source of de light. Prof. Landers Spoke. Superintendent J. S. Landers spoke on "Points on School Management," and gave many hints of practical value to teachers. Among other things he spoke of the care of chil dren's eyesight and their hearing: the proper degree of temperature and how to maintain it without creating draughts; the number of recitations the rural teacher should expect to crowd Into a day, etc. The matter of special tax for school expenses and the necessity of at least eight months of . school was also touched upon. Church Doors Rarred. Santa Cruz. Oct. 24. As the result of a church fight. Rev. Lyle De Jarnett found the Christian church barred against him and his followers last night. After a time he brok down the doors and entered the church and held prayer meeting.