ATM EN A PRESS
Published Every Friday Morning
By J. W. SMITH.
EnU-red at Atlieim poHtotflce as Rocond-4-ktm
man mntter.
mutilated bills as well as engrav- without cost to the people of one
ing plates for new bill, express single cent, eave the abatement of
charges, '-agent's fees, etc., all of the tax, which on present amount
which the bank must pay and of circulation is of insignificant
which combine, as I have said, to proportion. In all candor I ask,
reduce the profit to almost nothing, can any unprejudiced man object
uanns nave oeen misunderstood to this planT It it no new idea:
and misjudged; they have been it is no coinage of my brain; it
called shylocks and usurers; they bears the indorsement of every un
have been accused of reaping a biassed financier in this country
double profit at the expense of the to-day it is emphatically approved
peopie. leiussee. by men who occupy exalted eta-
Takine for examine, the 2 ner tinns in th financial wnrlrl- it. nn.
, ' l ' - f
cent, bonds at par as a basis for poals to the judgment and patriot-
... ... , uiiu vnaiiiig oguinou loin ui vcijr uuieii, r or il cer-
AllcoiurminlcHUoiiRKlioiilcl ,e ndclrpxnoil in I tnn nrn(!( omtnunt tUa I : . vi.. -.
the I'KESS, Athena, Oh-roii. t'.v... wu w.c ivciafiu ca- taiuy is uiiuusiuess-UKB and un-
peiie, me nei prom per year per patriotic 10 discredit our own bonds
t 1 AA fM i. i. il. i i.-li.. i .i
Athena, Oregon, July 2ls, 1893 Tlw'7" "U'"U,U8 w enormous uy v riuai.y claiming tnem to be
v i-uA.Air uici name niuuuii v I nuiLit, no D6vuutf vllljr CCntS
In other on the dollar. This done and the
Subscription 'Rates:
Vet year, in advance. - ' -
Blngle eoploH, In wnipwrn, 5c.
Advertising Kates
Iamm reading notloett, first liiKcrllon, 10c per
i ne. imu-h KubKcquent Inner! Ion, Tic.
THE CURRENCY
loaned at 6 per cent.
"" B H. Jlleliborn, cashier First National
uau,Auijuiiui, me., in
monied class to rob the United
States treasury of its gold reserve,
The United States tries to main
tain its gold reserve at not less
than 100 millions. This together
with the proposed 700 millions of
I ' J, v" JLi VVUUI v var uuiiui t AUIO UlUf WI viJ
words, the bank would get $31.25 call for state banks of issue wil
. . I Der vear for the labor of sirn!nor die awav. Rill linsprl nnnn onK
American Kanker.l I on,l .:.,,. I : .-I n.- ; ....
- i mm vawiig auu nuuuuutiiig lor i Bcuurjijr ua wie various Biaies
In these days, when so many iimnm in h;n fini., . iJ.Vai.uui . ,i;pr.t v.:.
neonlo are (lfim:infl!nr T)ii-ro Tvinno.F I ...l. t . t-t , I . . .... ...
: , . j imn roDDer-iiKe. witn Donds Dear- every state win no longer be dig-
""6 'i.;icub m ing 4 per cent, interest there is a cussed or thought of. Complete
the circulating medium will
to lessen the burdens of trade and to make it any object for the banks purchase of silver and the issuing
1 vvutiiviiv.u uuu f maun r i ifii i n r i nn iha nttAiviiimi i t n 1 1 am w it iAnt m .1
vaivify our lagging industries, it is on such bonds nearly eating up of prosperity is at hand, prosperity
"". "v """"""v. m uiciiijo ime HUduionai income, in states based upon the integrity of our
0u66vD.w ku uung u.miiu, mat re-i where the rate nf ntn . wahH nnn a nnl fh mlr lv f
o n I f n,.l I)A K .... .. i . .. i i 1 . I ..... I
DU1K w,u Ul u.w,iVW oi uie cur- average higher than 6 per cent, it lars.
rency to be supplied. I assume would bn il.ma
for the purpose of this discussion able loss. I submit that if banks sons which I have shown, of no
iu ion, iijuvu UCUHll'U I fan laano huf Krl y-o f .1... I t: 1 1 1. I,- i
question) that an increase in the par of bonds worth in the open for the purpose of issuing circula-
marKct a premium ot 1U, in, 15, tion, the banks might as well sur
advantageous provided, however, 20. or no mnttor W- .
fllin.hr V lift Tint B!irrifi-.nl tr. I i . .. ...... I . ... ...
.. ,u VJU. ceiUi r WU1 t)e lQw u Un ess some-
tity. How, then, shall it bo fur- which that imnlioat anA ihn tK; ,-i;on-i i
nished? I n nn o o f 1 i ... i.. I t .i ...:n i. ... ni
,, , i v" i"v pot vcnii. un uiui i x iciii tiitire win result, un umi in
I hprfi nrn tn.lnw n 1;av..,i I . . ,, ... .... .1 . . ..
""j "i uiucicuii i 1HSHP. rntrPT.nor with nil iho fi. . I nnn Afin Ik. h t..
kinds of money m circulation in expenses and nil tho care and on utato issues will be abolished
wi M,uuwy, Hcarcoiy any two of labor it involve, it cannot be ex- and the day of "wildcat" currency
... .. olvlv ,JllulllJ, ur pected mat they will issue a great be ushered in
demption. it is not necessary that o;ioj ...i..i x, ... . WmnMid. ;n tM.u,..,, .vfi
I BUltO lOli, WII11C Wie Capital 01 fuimoM .iiuudidouu diiwu
u B,llSH tutni in ueiau; tho im- Nat:onal bankg hnB frnm cle on the currency question. We
portant issue is gold, silver, the auOut600 millions then to about do this at tho re(l"esfc of 60me of
:r , Sr.1 rl ine com 700 millions now, the circulation f Alliance friends who are ear-
ago tne.eor .united btatos notes, has steadily decreased until from nestly studying the question and
commonly ca led greenbacks, and near 850 minion8 then it 1)a3 )C. want to know what plan the bank
National bank notes. i.... ... , .... ;o;., u,.
1 uuiiiu reuueeu to auout Ii! millions mvicoujj ws vhvu-
1,01 my pui'pose, in this ar- now. Tnbim frnm - latinc medium.
tide, to enter into a discussion of the 20 millions, more or less, which Ifc seen18 to us thtlt this Plan
the merits and domonts of all those the Treasurer h9 .nanri it J contains, to some extent, the very
varieties ot money, I merely stop, its cash from the fund deposited Bame thinS that is carged against
... r-...e, .v. vtloo 111y uiicom- to retire circulation, there ure left uie 00611111111 Jaw le aonity oi tne
promising and emphatic oppositkn in round numbers, about 150 mil
to the unlimited coinage of silver, lions actually in circulation. The
.......ununiuK vuiue, nnu me hmii-u nr th;u ...ut, 14
issue of the .certificates based on millions of capital, have a circula-
oiiAli nnmnn T t 1 I .
0 . w BV' 1 0!l,u,ot regara - as tion of less than 3 J millions. Now,
wise or as excusable, tho use of UDOn a basis nf 7nn mill!.
silver as aeiroul
..... uj,uu tai, under the present law the I uo,lus l,1M p ou nm-
anv othert.hnn n H vml irUn.r...: i 1 1 . ' ' 1 1; tt..!.i ei.i..
, . '-v"',l',,,u','lu"u' dmiks can issue o;ju millions (less 1,olia 01 mtcu otatt-H notes, ui
basis. Of greater concern than the the 5 per cent, redemption fund, a greenbacks. If, on account of war
lacy of confidence, and confidence net of 5981 millions) instead 'of or some such calamity, the United
vanos inversely and in com mm ml i.:
" I wm:n nuvv ISbUtHl OIlV aOOUU r-vm- u"""l v
ratio, as tl,0 volu.no of unstable 172 millions n deficit, mark vm, decline below par. it would not
currency lncieiispH r ,,, ii.., . . . , . ' ' 1 1 . i :..
- v.....,, fucu, 1 Horn wnat it might be, ot nearly I "ilvu lulL4Uttl,e .o"i,i ewuiy
to tho consideration of tho (Hies- 40 millia f,l.ill.. t , frnm thn hnnl-s to mntert itsflf.
. .. 1 1 T 1 I ...... iwiin wi IIUIIHIM, J. inn (II 1 - 1
lion which I desire to present, to the opinion that the framers of w,lile at Piesent ifc retains 10
... ,Hes , monnt tl,nt m. ner cent, ot the bar value ot the
1 , I " l"V ciio 1
"""J""1! Ol COlirSO. COId Oiwl I h,inL-a uI,m, l.l ..,. 11 1, ii 1 I hnnilu nu n nrntoctinli norninat. aiifh
cold certificated nml ilm vnnknt. I 1 . . .1.
7 ... . -b'nu;H.e 1 io employ ma szj per cent, of tt" e"'ig"cy,
(which latter were issued onlv un- thsir lmi.lu K.,t Mn, i, r.,n on
W1 i""io 01 a great civil war nnr wint vt tint L h nw Miss Maud W aid will eo over
m J "w- v su VIIV vliVVV sl I w
7. or issue is the law. So palpable an njustice , A 1 """"'."" "a
not in accord with settled mine!. .. ti,:. .i,Ai. T i L . kf the JuJ8e9 m the Deforest
Dies of finance W h.IInv. n v. I. " : , "u " "" Contest.
' u "D " 1 act en&Diing mem to lssuo 1 nr
ttni.nl 1 .1. 1 !11 1 ... I " . i""
wunui uuilh. OlUS 10 1)0 thfi hABtl.o n-l.,.,: f il 1 ........ nnDM
... - "ih)iii cAtiusnu ui mu reut'inuHon I uwnii.
f, 1 rriii 1 ,1 1 1 v. ... .1 : . ii. I . . 1 I - -"- . ..
, "iuiuiu uiis country fund, even if nothing better is done Kf,'-r,To ,lu',wlf0 of 8nm J,,1r l7-on DrJ'
has ever had. Tl.ev cnml.inn r '. 1 . , .. 'V.ta''.. . . .
" 1 mijt iiuuiuio iiuignient, nowever I kuuy m romiioton, Hainrday, July 15, to
ventenco and elasticity with ah, tl.nt. wm.u K ,.., Mr.., ,u Mr.. j.B.K.idy,B Wter.
.,,l .. , i.fjjFing 1111 Biiiirt I BIKKKHT-In Pendleton, Hunduy ovenlng,
lute and unquestionod security of the needs of the times and of R,,d "'9, JoUn ,ubert' ft
iwHis neiiner inr 1 wimt in i,Mn n.i f: .
. ,.MV, ... .tt,MI ,.J1W ,i, laiiiiuaa lu
lOvcmnitMit or "(lie peonlo" one Ull mmwnmJ nnl,t t.. k
dollar of expense. lu i.. .i,..t .. , , ' "'Ar'r'" ''' !f. J"iy is is, au.
u iiy not, then, oxininiro fmm il,. f..!. m.. .1 ' .
... -o- niu iivil, mu UllPllllSB-llKO tiling I
u o uai.K act so.no of Us, under ex- to do is to amend the law so as to REPORT OP
lot I IIS n.v. it - . I I
'0""6l ""llll ,"l un wise and un a ow thi l,..nk tn K;na
, . - - - " v 1 k' i 1 1 1 v iLi iig
jut restrictions, ami encour(ra I tio ii
tho issuo of more bills? IV
fact that to-day nearly all of the curity for his money than an equal
T , 8 ,,,lum ot amount in United States bonds?
oonus required by law and hence Adout this course, remove tl,
luainnrv n va.h 1:.:i.. 1 -I '
-Uw.....b lviy iimiuni amount, nt i war v on i
. . , , ........ ... v.. V II vuiuviuii, unu
circulation; indeed many of them banks of this country will speedily
u-ue none at all. Why is this? issue up to the full amount of L, . T , 'n
Simply because there is practically their bonds. Alln, ti, t., n,- Close of Business July 12th, 1893
no nrnht. in i1ah f,- i I . i ... . I
' DV'r mtso rca- sukc oi the common srood. to iret a
sons: The law nrnciilng ii.ni .i.. . .t .
i up-i iu"uiu i-uiiitwusauon ior ineir
. i i.attnB finn iiiMj..ii.tu t.T .... .
9 lfini.4a
.W5.I5
,600.00
,l(i.il4
,578.73
,5l.lK)
11.978,00
M.0U
THE CONDITION
OK T1IK
FIRST NATIONAL BANK OF ATHENA
AT
Athona, in the State of Oregon,
AT THE
, ' " niv i v ut mw on iiiljiiiii -y ill tut Iimr v -unvui riiwimoii uuu msrs j
may issue bills that is, its own kets will be relieved and men nf feZKlL
notes to ail amount Aonnll!.. OA in. ..i . '' llr ciw'y iiU?klc iid ctV
" iiiing ' ucuitu unu oi energy win not De "iwie.
per cent, of the par value of the forced to the wall, asoflate.be- iSFma"?. c B
.bonds SO deposited. But. in order causa nf tl,lr l.Ml!t. t. , (3lrWtorctr.-uUltlon)
to redeem the mutilated hill it. i Tl 1A ltlADAni lnVtftmln f I
Droviildil tlint ltin. ...... 1 I . . . .1 UAUIUTIhS.
l i I m J "upresen- not conceive ol any valid objection c,,iui .twk ia m,
tod to tho Treasurer for that our- to this nmiitinn 1 r.f 'l'Au ..
pose, and as a redemption fund. oth wise wav to fnoroMAmir .iPi,Wff?"'',.
he retains 5 per cent, of the nlv of mnn.v. TIia f3nvm. L Jr.1'" . .
amount issued, cntml to 41 ner cannot i.nsh m. nn Jnl.. -.
, , - . - - l i v w- i iimticcrimoraKMit,
cent, the par of the bonds; so that tion; it can only payout such an gJ!2Ki?ken,
tllQ ll:llllfa mailt. or I I . ...... I
"v out oof amount as its legitimate expenses Toti
ni" rant 1 7.. il.;. . I . . . . o.....'.
fw. ...... vpuu uus circulation and appropriations require. But
t m.tai.oo
W.000.00
U.0UU.00
a,2yo.n
S2, 540.11
4S.T00.0,'.
Wl.U
ft kUl UUI IM
SIutufOrCUU, I M
. I -tr-f . . -4 ... . .vw muni; oi i nmilimi
tho government imposes a tax of hero is a inelhn.1 hv wliffl. .inro l.Ip.Uvtly,cwhleTof th nbove-immod
... ' 1 i win w imtlllKI oy wniCIJ more lntuk,doiiuliuiilyaw.rtlwttlitMTt-
Ot 1 per cent. Semi-ailllUallv. tllAn r2.1 niillim. .m w;iUtru.totbelHtofmy knowl.l( ud
making a tnAe bettor than 1 per every dollar backed by a United AuSjuuSi,wo,n vZvJZ'
cent annually; there is the ex- States bond, gootl at its face in comL VKk'? v1-
penso of assorting and redeeming every elate in tho Union, and &c Kw'ctOM-
THE
ATHBNA PRBSS
IS A
NBWSPAPBR!
t 'j
(Jl
ill
""3
I
if
IV
Br
-i t J
8 ukL
Ladies
Our new stock of DrOSS GrOOd-S has
arrived from New York, and we will be pleased to
show them Among the dress goods will be the latest
patterns in Pointelles, Grendines, Sateens, Chambrays
Cashmeres, Sublime, Summer Suitings, etc etc.
LATEST NOVELTIES IN TRIMMINGS TO MATCH
Chiffon and Oriental laces, embroideries, Hamburg
edgings, fancy Ties, Gloves mitts, Handkerchiefs, etc.
Entirely new and complete line of Ribbons, unique
in design and very pretty, Underwear and Hosiery in
all grades, and remember that we
HAVE JUST RECEIVED THE LARGEST INVOICE
of Ladies, Gents, Misses, Boy's and Children's Shoes
ever brought to the city. They comprise the latest
styles and for neatness and elegance cannot be beat,
and will be sold at hard times
1.50 - Subscribe - 1.50
rices ,
We would respectfully ask your inspection of these
goods, knowing you will be pleased, and it will be a
pleasure for us to show them to you.
BERGEVIN BROS.,
Athena
Oregon
C-.i.
i3
Wt lov our nt Uotte ' .
' ' "An ''"hJI rui. r' Vvyjajjag.
Bad Eoads
Makes trade slow, but we offer such RARE INDUCEMENTS
to Customers who venture forth, that they come to town in
spite of
A loot Pace.
Whenever they are in town they find jiist what they want
and are able to make
S
Do not neglect the CHANCE, but take ADVANTAGE of our
OFFER.
Deal
That Pay
ATHENA,
OREGON.
. .i .