Oakland Tribune from Oakland, California • Page 6

I I'll A It'll i OAKLAND TRIDUNS: T7. E. DARGIE; PRESIDENT; La: THURSDAY nvEinuG, SnPTEr.IDEI 13. I9C5. t5 Lipton V.

America Cup Challenges i i Sir Thomas' Lipton," the 'English baronet tvho: thrice unsue'eess- fully attempted to recover the America; cup with 'the three Sham- "'i .1: rocKS, is enaeavonng xo arrange ior anouier iry -xo ITihey'? Eroding of "the' bloomin' mug." To carry out his plans wants the rules of the 'New: York Yacht Club; the custodian of the trcphy, modified so that the shall be'made inthe name of, twoyachts which he will undertake to choice of -the' actual! contestant to Run on; No sayings bank doing business In was; ever sounder probably than the Hibernia of Sart Frahciscd is today That fact has noi however, prevented it from being the object of a run by depositors, who have been! panic-stricken by themselves to be influenced by false reports regarding its solvency circulated by some one inspired either by-maiice 617 selfish purpose. It Is1 rio doubt, true" that the bank was hit hardt by the: because most -of its loans were made on San Francisco property, and it held mortgages on a great many buildings located in the burned district. But the bank has always been noted for conservatism in tie making of loans and invariably kept well within the margin on which all savings banks lend money, protecting itself meantime against loss' by fire by requiring the mortgagors to insure in. what were assumed to be reputable companies and, as is the practice with all banks in such follow a series of triaL races to be held in British waters. Lipton, is understood to be willing to build, two from plans drawn by the best yacht designers in the United Kingdom, the craft which proves itself to be the best ''all round" racing machine in the trial i racesto be named as the 'cup challenger and to be dispatched across the Atlantic ocean under her own in accordance with the terms under which the cup is held by the' New Yacht Club.

The request is a departure, from the rules governing 'the America cup contests. The concession is likely to be made, as it cases'; reserving control of the policies as security. Doubtless the Insurance In most, it not in every instance, was ample tolcover any you can, hear toe hammers Ml up and down Broadway. But the more, the merrier, Moran's can stand it. Ai And when they are through, we will invite you all to see the improvementsnew windows, new fixtures and an additional entrance on -Eleventh street.

does not put any of the rights of the present cup holder, in jeopardy. pctsible loss by fire and recoup the bank forfits loan. Some of the policies were written, however, tn repudiating companies which were regarded perfectly responsible before tiie fire for every obliga It merely, gives assurance that the best yacht which a British designer and shipbuilder can plan and construct will be the contestant. v- In the language of sportdom, Sir Thomas is 'game It must be said, however, that his sportsmanship has been mixed more, or less with commercialism, for it developed at one of the general meetings of the stockholders of the big corporation of which her is tion they assumed; and the persistent efforts of the bank managers to. defend the interests of their borrow -rs and force these insurance companies to keep faith with their policy-holders and pay their claims in full have possibly, incurred the enmity of the insurance AM We Knocking men and inspired the 'run.

That is the suspicion. It may or, it may not fie well-PTotinrferf. the head that the concern, and not Sir Thomas himself, had paid jr. i The run on the bank is, however, the most foolish imaginable. for.

the three Shamrocks which had consecutively failed to capture the America cup. A disgruntled stockholder protested against such No one can suffer from it, save the depositors whej inconsiderately draw out their money, for each one sacrifices the interest which his a use of the corporation funds, but nis protest was promptly overruled when Sir Thomas explained that the investment had proved or her deposit has earned since the last semi-annual settlement on June 30. Besides, more time for a run-on the immensely profitable to the company as an advertisement. That pieces off the prices by adding large chunks to the values. Those Susite Marked Sl5.66 we Worth Cent of "822,50.

was the salve which removed the soreness from the sting of defeat bank could have been selected than the present, -when? its vaults are in the three futile attempts which Sir Thomas made "to lift the cup. He fell back on the consolation that while his ambition to win the cup had not been gratified, the business of his firm had been boomed immensely and he and his business associates had been amply com pensated financially forthe venture. The British people did not relish the idea very much that the doubtless loaded with money collected from the insurance companies to satisfy the claims of policy-holders, which the bank has "not had the time to loan on other realty or to invest in And it it a noteworthy fact that the Hibernia Bank has invested more money in gilt-edged bonds than any, other savings bank in San Francisco. It had a special policy, moreover, of investing in Government bonds, which were convertible into coin at a moment's notice, making the establishment secure, therefore, against embarrassment in any case save such as might affect the credit of the Federal Govern- went. This is rot the first time depositors have made a raid on the Hibernia Bank.

been ungenerously charged that some of great international maritime sporting event should have been so skillfully used for sordid commercial purposes, and Sir, Thomas fell many degrees in their estimation when the injudicious stockholder in the Lipton company forced the" admission from the -Hps of the Always the Same Corner 11th and Broadway M01AM9S baronet that each of the three Shamrocks was a jtea advertisement. The sending of a fourth Shamrock received no public encourage ment; therefore, at the time. But people, 'generally speaking, have short memories. Evidently Lipton has reached the conclusion the runs on the bank which took place in the past were started at the suggestion of the managers for the sake of escaping the payment of interest large sums of uninvested money. Of course, such a proceedinglvould be morally criminal, and it must, therefore, that his countrymen have forgotten all about the commercialism in the former Shamrock-America cup races, and that another Shamrock be dismissed as incredible.

But it is a matter of history that run was ever instituted against the Hibernia Bank which did not can be safely, launched now which will produce the -same business results that followed the construction of her three namesakes. Lip ton has, however a high social ambition to gratify, namely, a desire result greatly to it profit, and that is doubtless what is likely to happen in the present instance, for there is no banking institution to be elevated to the. British peerage, arid he has conceived the idea follykg' at yce Everything Just Represented THEY CALL A DOLLAR "CARTWHEELi" A DOLLAR'S WORTH OF. JOYCE'S MEFICHANDISE LOOKS AS BIO AS A CARTWHEEL. COMPARED TO-A DOLLAR'S PURCHASE AT SOME STORES.

in California more invulnerable. that his chum, King Edward, will confer a peerage on him if he The Bank Commissioners have made an examination of the succeeds in bringing the America cup' back to British waters. In seeking to be accepted as a challenger for the cup a fourth time, Sir Thomas is, consequently, influenced co-ordinately, by sportsmanship, tank's condition and pronounce the alarni which has seized its depositors as "wholly unreasonable." And such it doubtless, is. It should be noted that the faith of other bankers in the Hibernil commercialism and social vanity. Bank'i stability is absolutely unshaken, as is evinced by the generous TJuslin Might Gov no Special voluntary off er of E.

Bowles, president of the American National ADAMS PARK CONSERVATORY. Bank, to place $lXJOj)XX) at its disposal for "any length of time and SAMPLE CURT AUi LENGTHS This Is a drummer's big line of sample Lace Curtains; good half Curtains; hundreds of, best patterns; suited for bath rooms, kitchen and small win-, dows; -worth more than double. LUlEll WRAP MATTItiG EDITOR TRIBUNE: Oakland people whd take an interest in plant life will derive much pleasure by spending a half, hour in the above conservatory. Just at the present time the Begonia" is at its KnowlandV Nomination best. There is a very fine collection of the Tuberous Begonia in blooinj No one was more deserving of the compliment which he re at the present time.

The shrubby Begonia i. e. the evergreen kinds- can be seen in great variety and all in first-class condition. ceived yesterday from the Republican Congressional district con-N Tou've often paid S1.25 at other store for gowns at no better quality; lace yoke, full Htenjth, extra well made; a great bargain. f'ThotittioJM Ladies' Handkerchiefs 80 Special GooA value for.lSe; natiy hemstitched, with em-' brofdered comers; of the best lheof on the taarlcet We're agents for them.

LADIES' MUSLIM DRAWERS Special 39b The regular 50c grade; umbrella styfe, extra made, richly trimmed with lace and tucks i tla6 Quality There are some extra fine specimen plants of the evergreen type 'Special yd. Always SOe for this high grade of any tuantfty of the brightest patterns in -all colors; no greater variety in. town. -r LADIES' TJ AGO VESTS in fact, I question if their duplicate can be seen in America. This is big talk, but then so are the plants.

The Coleus family, always interesting on account of the highly-colored foliage, can be seen Special in great variety and in fine condition. There is also a large and varied collection of the ever popular plant, the "Fern." They are there from the native five-fingered fern to the giant Australian tree These are, the regular 4fte goods a new shipment of extra heary weave, in gray and ecru; splendid for winter. 1 vention than Congressman Joseph R. Knowland when he was! unanimously nominated as the Republican candidate to succeed himself as the Representative from the Third District. Knowland has made an exceptionally good Representative.

Nothing came up in Congress during the two years he has occupied a seat in the House affecting thej interests of the Third District in particular, or of the State at large, that he did not give to it his prompt and undivided attention He has given the district clean, intelligent and influential service at Washington, wheVe no Representative was more highly, respected in and out of official The Third District has, in never been more creditably represented atany tim in its history than it has been daring Knowland's term. The Mare Island Navy Yard's interests have been intelligently and aealously cared for fcy him, and Oakland's harbor affairs have received his constant attention. His intelligence and industry have. of muslin. em.

-In the south wing of the conservatory can be seen an imita- ion of a tropical jungle and one can almost imaging a tiger lurking I MOHAIR under the massive foliage of the giant StreHtzia, partly hidden by LADIES' HOSIERY Special CHILDREN'S JACKETS a Special he slender trunks of the graceful Cocos Palm and the Draec'tta while the Lasiandra, loaded with its viokt flowers teaching bj the ALPACAS special 4 8c yd A fine lot of mohairs In black, brown, navy, red and white; SS Inches wide; a very seasonable dress fabric. magnlfteent Regular 40c value; op of the house, the Hibiscus with its dark glossy green leaves and lot of extra quality Hosiery; fin Very serviceable are these Jackets; "good, heavy material trimmed with large buttons; worth double. bright rose flowers give the color while asparagus rambling here, weave; durable; a real money- saver. there and everywhere gives it indeed the jungle effect. In the center under the dome is a fountain with a glass case, where pretty goldfish sport and which the children visitors watch with keen inter commanded respect and admiration of the of both houses and received recognition from the President and the ALL ARElNVtTED TO SEE THE NEW ARRIVALS OF LADIES' JACKETS GRIPS SUIT CASES STEAMER TRUNKS TRAVELm5 TRUNKS FURS nationar leaders of the Republican party.

Of course, Knowland's est. The conservatory in Adams Park is another sign of the progressive march of Oakland from the country town to the growing city re-election is assured; but it ought to be accomplished with a much i larger majority thaii he received two years ago. DAISY. September 7, 1906, The, sewer bonds having. carried the day at the Mayor Mott has, with his; customary zeal and enetgy, lost no time in A.

NEW MUCK RAKE. Thla la Ono of JOYCE'S Ratsbta yeek-Ettd Effort persuading "the Council to proceed with the utilization of the Union Dry Goodi Store authorized issue for the extension, and permanent improvement of Under the provisions of the "new pure food bill-Secretary; of the sewer system of the city. The Council is also to be commended Agriculture Wilson has applied the muck rake to a novel use. He 955, 957 and 959 Washington Street I for taking steps toward acquiring land adjoining the Twelfth-street has tested and sampled the alfalfa seeds sold fori good, hard cash to the ranchers, and some of these firms are; flow being raked over park, in the Mayor's recommendation, in order to round off the park area symmetrically. The Mayor has been de he coals for palming off adulterated and impure products upon the voting much time and effort to this desirablS project The spirit of ROOSEVELT CTJP TO BE purchasers.

The names of the firms are, mentioned and published broadcast, and it is to be hoped that their sales of alfalfa seeds will Jubuc improvement at last, astir in Oakland, and it should be FORMALLY PRESENTED OYSTER BAY, Sept. The "Every man ts- odd." but we can fit him show a marked falling off. diligently boosted along. There Is much work to be done in marry directions to get th citxjn perfect order, as ft should be, and no one Can afford to relax his efforts for its improvement. The times are A Dollar's The analysis of the seeds'1 by the government explains how parasites are spread through diseased lots sent out by' the whote- sale houses, and how it happens that often, in spite of the hardest and most careful work, obnoxious weed creep into the fields.

a Dollar not propitious for suunanism in Oakland. The Supervisors did the 'right thing to award the 4 pe cen Rooserelt etip won by the Vn to th international yacht races recently wilt be formally presented to representatives of the Eastern Yacht dab by President Rooaevelt tostorrowv -The presentation will be made on board te Mayffowef. which will be bronght to Oyster Bay for that purpose. The president will entertain at luncheon on board abont-fifteen members of i th club. He will make a short presentation "speech, California ranchers are especially interested in this latst as they are heavy, buyers of alfalfa seeds.

San Bernardino Index. school bond issue at par to local bidders. The JHibernia Bank, it is true, offered a small premium on the issue, but in doing so it indirectly cast a cloud on the legality of the issue by requiring WILLIE'S PREFERENCE time to investigate! the bonding proceedings. The local banks had taken the precaution to make an investigation befdrehand and FREEDOM LIMITED. Jorhn Nunan was released from yesterday and he had been oat only a short i and It's worth as much te you as to any man.

Why not" save a few of them? can help yoa do It on a uit or over- coat Any clothier can sell yoa onev But to get a well made and stylish garment is another thing. It's no trouble to get them if you come Mmd, we do not say onr garments are just as good as others show. They are better. Better made, better' trim-, med; have the style and fit. accepted the reports of their attorneys thatjthe issue was absolutely time wbefl he was" taken into custody flawless.

Time has, also, been saveby the award and the Schoo Millie Yes, Jade is sentimental and Tom1 is practical. 1 i 'Maud And which do you like better? Millie-Well, 111 let you' guess. see, Jack thinks I look sweet enotigh to eat; arid then, he sits and gazes at me but -Tom thinkl look hungry enough to and then.he takes' me" out. -Ideas. e-airt a chars of beerfner.

John ai- mared before- Poflee JudKe Smith and Board can now proceed at once with the much needed rtconstruction stated that be had not been gives of the new school houses. opportunity to get out I town before he was again placed behind prison bars. THEY ELOPED. Quietly slipping away from their rela- The San Francisco newspapers appear to have been "too previous" in their announcement of the proposed retirement HardCouqhs Hare you forgotten that family fclstorf of oors, wlta its tendency to vcik luflgs? Yonr doctor has not. If yon have! Fatrick Calhoun from 'e' presidency, of the United Railroads and tfres and friends in San Jose yesterday.

Miss Marvel Blanche WrijEht." 18 and Wilfred C. Stereftaon, 21. giving tbHr residences as Cement, came to this city and secured ft marriage license at trie County Clerk" Office and then proceeded his succession to the post by; his assistant, Mullaiy Calhoun has announced his intention, to stick to the office and declares that he We Invite Comparison Ha vill tell yoa fid tpeclit danger of bard cocjis la your case. Then ask kin what fit thisks about your takin? AyerU Cherry Pectofd. If lie says it istroodmedidne.whynottekei to the nearest minister, where trier werar 1237 on Broadway, opp Fifteenth.

made husband and wife. Mr. and Mrs. has had no intention of retiring Stevenson are registered at the Touralne..