THE DALLES WEEKLY CHRONICLE, FRIDAY, AUGUST 11, 1893.
amount that could be converted, if there
was need.
The troternment wonM run no risk.
It would merely exchange interest
tearing obligations into non-interest
bearing obligations, with a saving, for
the time, of interest.
There would be no losa of the selling world' pres, commenta
value of bonds to the holders and no utiiersally telegraphed
Partisanship is wholly irrelevant in luv-iumiiny nay r.1Ke.
this matter of the Sherman bill and J,1. ,, J(mimiori. Wheat hay is
what is lst to be done in the premises, j i( fll (1(;M.l a ij,jted demand at
and only the most biiroted of newspapers 1 s IH to l- t'r ton.
The Weekly Gbronicle.
OFFICIAL PAPER OK WASCO t'Ol'NTY.
a a ooi) itiu..
The best plan that has vet come to our
attention to relievo the financial strin-. er,uanent exuansion of the currency, j reference made to it by the president
eency and restore eontidunco, to dosoior as ag money, ceasing to lie i himself ho denies that it is a party ipies-
hnniediatelv and at the same time ob- hoarded, became normally abundant ! lion, stating that it is geographical
literate all traces of itself once its object ! aifljini borrowing rates would fall, the ' rather than political. The following
price of bonds would rise, and it would comment Ironi the Chicago ueeoru is a
will reiiuee ll to a question 01 mu uiirr
iority of methods of the one party or the
other. It is foreign to the spirit of the
ot which are
In the slight
'i0 to r"
salt we
is accomplished, is found in the follow
ing bill which Tom Johnson, of Ohio,
proposes to introduce in the house. If
President Cleveland can equal it in his
message today he will have to hustle.
To the Cleveland Chamber of Commerce :
Okstlkmkn Believing that the finan
cial pressure now existing demands
prompt and adequate relief, I projwse
on the first day of the coming session to
introduce in the bouse of representatives
the following bill :
An Act to 1'kkmit tiik Kxchanok or
United States Hond Fok Trkascky
Notes :
Be it tnacted fty the tentilr unit hotttr of
repretentaiictt of the United State of
America, in tongrtt axtembltd, Ttiat any
holders of bonds of the United States
may, after the passage of this act, de
posit such bonds at the treasury of the
United States, or at the otlice of any
assistant treasurer of tiie Viuted States,
and receive therefor their face value in
treasury notes of the United States, as
described in the act of July 14, l.SiH).
Such bonds shall be held as a special
deposit to the credit of the arty depos
iting them, and during the time they
are so held shall draw no interest, and
and shall be returned on the order of the
party depositing them on the payment
of their face value in United States
currency.
Sue. 2. The secretary of the treasury
shall make such regulations as may be
necessary to save to the government the
payment of interest on such bonds dur
ing the time they are held as a special
deposit, and he is hereby" authorized to
issue treasury notes to the amount
needed and to provide for the cancella
tion of an equal amount of such notes
on the return of said bonds to their
owners, and a sum sufficient to carry
into effect the provisions of this act is
nereby appropriated out of any money
in the treasury not otherwise appro
priated. Sec. o. All acts and parts of acts in
consistent with the provisions of this act
are hereby repealed.
Whatever be the primary causes of
the financial difficulties now paralyzing
business and Btopping industry, it is
clear that their first appearance was
largely due to the impairment of confi
dence through fear of an impending
change in the measure of values. Hut
the main and pressing difficulty now is,
the scarcity of the medium of exchange.
While the shrinkage of credits has in
creased the need for money, its available
volume has been greatly leesened by
the strengthening of reserves by banks
nd savings institutions, and by the
hoarding of individuals under fear of, or
the desire to bring about, a still greater
acarcity.
The repeal of the Sherman act, which
I confidently anticipate, while it will
allay fears of any change in the measure
of values, will do nothing directly to in
crease the medium of exchange. On
the contrary, by stopping the issue of
treasury notes for silver, it will lessen
the supply. The only measure looking
to reuei oi tne neeu tor money, yet pro
posed with any hope of the necessary
consent, is that of permitting the na
tional banks to extend their issue to
the face value of their deposited bonds,
but this, while certain to arouse dispute
and consequently cause delay would in
crease the currency only some $17,000,
000. The bill I send yon, allowing all hold
ers ot United States bonds to turn them
into money, for such time as they may
be willing to forego interest, offers a
imple, safe, immediate and sufficient
remedy for the abnormal scarcity of
money. Beyond the bonds deposited to
ecu re the national bank circulation,
'there are in existence $400,000,000 gov
ernment bonds, largely held by financial
Institutions. For instance, "The Society
for Savings" of our own city, the largest
nd strongest financial institution in
Ohio, holds today $2,000,000 of these
bonds. Vet though undoubted security,
these bonds cannot at present be con
verted into money with which to meet
ny demand of its depositors, without
loss to the society and increase in the
.general financial pressure. It could
only sell them at present at a great sac
rifice of their normal value and could
only borrow on them at a rate, much ex
ceeding what they yield. Kither conrse
would increase the general demand for
money while actually decreasing the
general supply, for the fact that such a
bank was sacrificing its securities to get
money would increase the feeling of
panic, which grows by what it feeds on.
Now, this is precisely the situation
of similar institutions not only through
out Jour city and state, but over the
whole union. So much is human ac
tion governed by imagination, so strong
is the impulse to do whatever we see
our neighbors doing, or even think that
they are about to do, that it is entirely
possible, with an abundance of money
in the country to meet all usual de
mands, for financial stringency to grow
to point that would reduce us almost
to state of barter, alt but stop produc
tion and beggar all but the very rich.
The possibility of at once converting
United States bonds into money would
entirely do away with such danger and
at once end the financial stringency. It
is not so much the amount that would
te converted that would toll, but the
be to the interest of the holders of the
deposited bonds to reclaim them ami
return again to the treasury the money
issued on them.
I introduced into the last congress a
bill intended to add to our currency sys
tem the elastic feature of an incuntro
vertibility of bond9 and treasury notes.
The bill I now proose puts the same
principle in a way better adapted to
meet the exigency that has now arisen
and to avoid matters over which theie
might be dispute. Believing that it
offers a simple, prompt and unobjec-
samplu of the numerous sensible com
ments made on this score : "The presi-
1'otatoks .7:"c er 100 llw.
Ili TiKK Iresh roll butter at
cents per roll, in brine or dry
quote ;0 to 40 cents Hr roll.
l'.miH (iiH)d fresh eggs sell at lHc.
I'oiii.tky Chickens, broilers, are
quoted at 1.0 to $,.MH1. Old fowls $:UX
to $3 "0 per dor.cu.
IIkkk A Mutton Beef cattle are In
moderate demand at $'2.' pur UK)
weight gross to $'.S0 for extra good.
Mutton is quoted at $J SO and Ko
per head. lorn iiiieriugs are uynt
ami prices
are nominal gross
2.1c
dent's message Is a remarkable doeu- wt,iK,t HIUJ cents dressed. Cured
ment in no respect, lave in its Btralght-:
forwardness and calm business tone. '
The question submitted to congress is j
not of political character and snould not I
tie used from an angle of lartisanship.
Instead of endeavoring to lay the blame j
for enactment of the Sherman law upon
republicans, he says mildly that it may
be considered to have been a truce be
tween the advocates of free coinage and
those intending to be more conservative."
Blakeley & Hought
druggists,
The Dalles, o
Medii
175
Second Street,
full
lino
of all the Stutulard Pati-nt
Drurs, Chemicals. Etc.
.-ARTISTS MATERIALS.,,
Country ami Mail Orders will receive prompt attention.
tionable remedy for most pressing evils,
and desiring its consideration bv mv The states of Oregon and Washington
constituents and the general public, I each have over 100,000 milch cows, or
th... lav if Wr, va.. i.. ..I v,.... of ' 208,000 in all. If this number of cows
presentation. Yours very truly,
Fort Hamilton, X.
Tom L. Johnson.
Y., Aug. 1, 1$'J3.
DISAPPOISTIXa.
! were even up to the average standard of
j cows for the whole of the United States
j they would supply all the butter, cheese
and milk required for home consump
tion. As it is the greater part of the
cheese and a very large amount of the
butter consumed in the two states is iui-
I ported from other state.
i The Chicago Record makes this savage
comment on the late electrocution in
New York state: "The last execution
in New York by the humane method of
electricity consumed just fifty-five min
utes, during which period the victim
was alive and groaning. This is the
only instance of recent years in which a
civilized commonwealth legally tor
tured a culprit before killing him."
There is no sale for some varieties of
perishable fruit. Early clingstone
peaches are reported rotting on the
I ground for Uck of a market. Some
: varieties of fruit, as the foregoing, are
les. and the statement of his belief that j too perishable to stand long shipment,
the Sherman law should be rejealed, he j and when the local market is supplied,
makes no suggestion of what is advisa- ! sales are ended. Orchardists should he
ble or expedient, and throws the burden J judicious as to the varieties they plant,
entirely upon congress. The sole re- i -
maining puint of merit is his suggestion; It is true that at present business is
that whatever is to be done, " t were very much depressed and money is
well it were done quickly." He lays tight. Yet if the railroads would fur
special stress upon the point, urging ; nish really good passenger accommoda-
tions at reduced rates there would le no
i lack of custom. The excursion trains
I would be in constant demand and the
railroads of the country would le reap
ing very gratifying profits.
Grover Cleveland grows more cautious
with the advance of years. The same
message he has just committed to con
gress he would eight years ago have
characterized idle and idealess.if written
by any one else. Whether his wonder
ful individuality has lost from the buffet
ings of political life or whether he has
been chastened by his comparatively
recent domestic relations, the act re
maiLS that his last message is not the
sharp, clear, ringing, incisive document
that of old he was wont to formulate.
Those who have been looking forward to
it in hopes that it would allay apprehen
sion and in a measure restore confi
dence, will be disappointed, for beyond
a clear exposition of the causes and com
ditions of the present monetary troub-
hog meats are. quoted at l'J'.j cents hog
round.
8T.UM.li Onoi'KHIKS.
CofFKK Costa liica, isquoted at
per lb., by the sack. Salvador, --V.
Arhuckles, "c.
Si'oah (iolden C, in bbls or sack .
,." 87; Kxtra C, 1-; Irv granulated
H 88 In boxes, I), I., in Mt lb boxes,
$J 7a. r'.x O, $- 'S. tiC $'-'lH).
Hick Japan rice, ri'u(rf7c; Island,
rice, T cts.
Beans Small whites. 4 V'fo'.jC ;
Pink, rv er 100 lbs.
Salt Liverpool, oOlb sk, tVxi ; lOOIb
sk,$l 00; 'JlHMi sk, 00. Stock salt,
Kt SO per ton.
Dkiku Frimts Italian prunes, l'.'c per
lb, by box. Kvarated apples, lthn l-'u
per lb. I'ried graHs, Tt'iN- pur pound.
vkoetahi.ks and kkcits.
HIDES AND Fl'KS. '
Hides Are quoted as follows: Dry,
3,0 lb; green, 1 .(liL"...
SiiKttr l'hi.TH L'.'i to "0 ea. Deerskins,
20c lb for winter anil ItOc for summer.
Dressed, light $1 lb, heavy 7oe lb. Bear
skins, $8i$12 ea; heaver, $:l 50 lb;
otter, $.; fisher, $.'(if$." oti: silver gray
fox, $10( $i"; red fox, $1 2."; grey fox,
$2 50r$:t: martin, $l$l -"; mink,
nOctrffl.K:; coon, fiOe; coyote, 50c(n :7fc ;
badger, 2"c; polecat, 25c(ir4.V ; com-
uiou housu cat, 10ccrt2oc ea.
that that greater portion of the body
politic, the wage eari.er, is the most un
happily aflected by continued d.-lay.
The nation will voice a sincere amen t
this, though tilery is little hope th:it the
final measures will be as promptly ar
rived at as could be wished. On a ques
tion of this kind, with so cosmic an as
semblage, perhaps no two can le found j So a" fear f ' ended,
who will have identical views. Nearlv i illustration of the extremes
A year ago the country was terrorized
over the expected advent of cholera.
all will want to be heard, and have a
right to be, and the time lost in listen
ing to speeches which will have no prac
tical value, and in motions, in filibus
tering, in adjournments, in committee
work, and the thousand and one annoy
ances which are well known to every
speaker of the house or president of the
senate, all will conspire to delay the
solution of the important question.
It is a good
to which a
panic may lead. A year hence people
will be wondering what there was to
juntify the present financial scare.
The Spokane Review says the republi
can who shall vote for the unconditional
repeal of the Sherman law will alsi vote
to let down the bars of protection.
MARKET REPORT.
Thchsday, August 11, 18o:i. Unusual
quietness has prevailed in all branches
of trade this far in the season's business.
The merchants have bought sparingly,
and sales have been of the usual hand to
'mouth character among buyers and
consumers. The large orders made for
The following comment on methods
employed by large corporations of re
ducing running expenses is from the
Shoe and Leather Review: "Why
should one class of men bear the brunt j
of present distress? One railway ays-1
tern discharges 1,800 employes ; another goods to stock up with, have been largely
reduces the time of its men, works them cancelled and only such replenishing
in shifts, thereby giving all a chance to has been made as was absolutely neces
earn a living, if nothing more. Is not sary to supply the pressing demand from
the latter course far more equitable? j day to day. Prices have not changed,
It is more than that; it is good business , although there has been a disposition to
judgment, for it keeps together skilled I shade somewhat in certain lines. The
employes who are conversant with the
requirements of that employ; and when
business revives which is only a mat
ter of time the cost of breaking in green
hands has not to be borne. Let all
share alike in reduction, but give every
laborer and mechanic a chance for
bread."
grocery trade, especially in the retail
line, has leen steady and yet, some com
plain of a dullness in that branch. The
same is said in provision lines.
The produce market is weak and un
satisfactory. Vegetables are abundant
and prices are nominal. Potatoes and
cabbage are in great abundance, and
sellers realize only 4' cents per pound
for thern. Fruit is likewise plentiful
and prices are down to almost liedrock,
as a producer said yesterday. The qual
ity of all kinds is above the average.
Iluf Sinn's Hard l.uok.
"Some of the Portland jieople growl
because they have money tietl up in
suspended banks," said a San Francisco
traveler yesterday, "but I have not met
any one who has not jierfeet confidence
that he will in due time get every cent
he has deposited. If these ieople had
their money in the Pacific bank of San
Francisco, as a fri'.'ml of mine hail, they
would have something to growl about.
He had saved up quite a little stake and
put it all in the Pacific bank. His wife
wanted to make a trip to Germany, so
lie placed to her credit in the bank a
sum that she could draw upon, and
away she went. When the bank failed
it failed for good, and all his money was
gone. He cannot raise any money to
get his wife home, and she is living us
cheaply as possible over there on what
he sends her out of his salary. That
man has cause for complaint, but when
a man feels sure that he is going to get
all his money back before long he
should be happy." Oregonian.
Mojr orftlrl.
On Sunday morning one of the promi
nent bootblack stands in the city was
presided over by a slender youth of per
haps sixteen years of age whose every
appearance indicated the feminine sex
and the suspicion aroused that he was a
girl in male attire lias not yet leen al
layed. All day long the stand of the
boy-girl was patronized by the young
men with their Sunday clothes on and
there was no end of speculation as to
the identity of the new bootblack. And
it is still a mystery as far as the reporter
knows'. The "shiner" was dressed
neatly and his brown tresses hung down
to his shoulders ; hands small and feet
dressed in tan shoes. Buker Democrat.
A Monday at tUm Hsaalit.
During the summer season the Dalles,
Portland Sc Astoria Navigation Co. will
make a rate of $:i. Dalles to Astoria
and return, and $4, Dalles to llwaco
and return.
The above rates will lie in effect on
Sundavsonlv. Steamer Regulator will
leave the Dalles at 7 a. in. Dalles City
will arrive at Portland in time to con
nect with the Lurline for Astoria and
llwaco. The Lurline will leave llwaco
Sunday evening and will connect with
the Dalles City Monday morning for The
Dalles.
The above tickets will be limited to
three days from date of sale.
W. C. AMAway, G. A.
It is surprising that any sane indi
vidual outside of the silver producing
states can entertain the idea that free
coinage would bean advantageous policy.
If such were adopted silver would pour j Summer Bellflower apples were sold ves
into the United States from within and terday for ftO to 00 cents per box with a
without, and gold would soon have to ( limited demand and sale.
O1V0 II n triO lirifwititMi af rturoln a( - j 1 n 1 T I 1 . ' .
. .-- .. . . , , ,,mr"e " y"ry 'imn a" 1 Edward Evans are hereby notified to
good for it, on account of its greatly-in- realy is life ess. Reports from Eastern! . . i t i .
, ... , . ... , . ..! ,,. , ' ' ln "u"' ! present the same duly vended to meat
.U,, . riiiu.i it'-Mw n.ivnt, nun r.iiropeuu mnrKeis are wean in lone,
be permanently withdrawn from circula-! and our own Western market are dull
tint fir flilvpr Wntllit t.rinrr ill,.,, ia mn ...... ......
, . . : uuiiiumii it hi?. ifiTimrn noil r-ntnit ui
Aiic oii aiiuiiuuii couiiuuesueciuefliy
deail on the basis of "free wool," and as
some one said a few days
"worsp and
rmn by falling to its actnal value, 55
cents.
a tew uavs airo. was :
worse." As congress is in
luaainn tin,o a A., ...I !...,
Nor does lie want one so dear and so , i,;, , ., .... ,
. .. I lation will improve the condition of
markets and business in every sphere in
No I lee.
Notice is hereby given that the under
signed has been duly appointed by the
Honorable County Court of the state of
Oregon for Wasco Co.,guardian of the per
son and estate of Edward Evans, insane.
All persons having claims against said
: my residence, The Dalles, Wasco county,
Oregon. Gko. A. Likiik.
Edward Evans.
Dated Dalles City, July ftlst, 1803.
The farmer of the west wants no un
stable, irredeemable or wildat currency
scarce that it requires testimony to
establish the fact that it is in existence.
Such a enrrency can be secured by a
mintage of the product of our own gold
and silver mines, upon an agreed ratio,
and by a paper currency based npon the
same. Let the country be honest with
its farmers and its fanners will be honest
with labor. FXchange.
The busiest congressmen at Washing
ton at the present time are the free
silver coinage advocates. They have
ample cause to lie watchful of their in
terests, for salt petre won't save them.
the near futnre.
Wheat 15 to JUkt per hti.
Baki.kv Prices are up to 95 to $1.00
cents per 100 lbs.
Oath The oat market, is stiff and of
ferings are light at $1 50to$l 00 cents
er 100 lbs.
MiM.HTi;rrs Bran ami shorts are
quoted at $18 00 per ton. mid
dlings $22 50 to $'.'! 00 per ton. Rolled
barley, $.'. 00 to $'.' On per ton. Shell
ed corn $1 25 per 100 t.s.
Fi.oiin Salem mills flour Is quoted at
$4 25 per barrel. Diamond l-iand at
$.'J 50 per bbl. per ton and 75 per bid,
letail.
Use Mexican Silver Stove Polish.
Root
innvrm-Hoin iaimivc and U MtVli TONIC
)y lriiKKlisr sent l.v mall fcV.,4u..
inilSI.UiM.rirkHK". ISainpies fren
IT O fi ft ,Th" ''""orlte TOOTB fOW311
M. JllVforiijoTwHUautliirenta.iido,
For aalahj Nalnos Hlunraly.
POLAND CHINA
HO
I cmi lurul.h . inmibtt,
THOROTJGHB
.Nil" -M ttrT A TT . I
fcvi afc CKJijAu vniNAty
I'"" "'", or f-KiJ
)
CENTERVILLr
i'miit ml mn thtfin, or write. All tatter promptly anawrfl
I. C. Nickelsen,
The Dallest, - - - Oregon.
KSTAHl.ISH Kl) 1M7CJ.
Tl it oldtiMt, l:x tm:nt, rind lttt miriiged
lion In Ni-liool Hooltw, tmrl Dtthka
NliiKicnl liicitruiumitu, Wutchen,
Jewelry unci Sporting Goods.
Agt. lhiriiburg-Hremen tStearnnlilp Co,
riiWtt to atrtct from ICuropat.
Pkomit Attkktion. Low Puickn. Up to tiik Tixs.
TTTI7 MAI 1 I7C I ITAflJLM Tm
haw iiiuijijo ij j i?i jjijtiii yj
INCOKI'OKATKD INMH
ISO. bl WASHINGTON bTUKKT. . TlIK A1.
Wholesale and Kotall I)ealers and Manufacturers of
Building Material aid Dimension Timber, Doors, Windows, Moldings, Boast Famish:
Special Attention Riven to the Manufacture of Fruit an.
Doxes and Packing Cases.
DRY Pine, Fir, Oak and Slab WOOD Deliver
any part of the city.
Farlev
(Successors to L
manufacf urers
I). Frank, deceased.)
CDF IS
A Genera! Line of
Horse Furnishing Goods.
EEPAIEI1TO PEOMPTLY -nd N-EATLY 031
Wholesale and Retail Dealers in Harness, Bridles, f nips, Honour
Full Assortment of Mexican Saddlery Plain or ML
SECOND STItEKT.
TIIK Mm.
New - Umatilla- Horn
THE DALLES, OKKGON.
SINNOTT&. FISH, PROP'S.
1
Ticket and Baggage Office of the U. P. K. I. Company, and office of th( I
Union Telegraph Office are in the Hotel.
Fire-Proof Safe for the Safety of all Valuably
)
LARGEST : AND : FJNTST : JIOTKL : IN : ORE'
The Dalles Mercantile Co.,
JOMMKHS AM) DKM.KHM IN
General Merchant
Dry Goods, Clolhinir, Gents' .Furnishing Good,1'
Shot's, Hats, Caps, Groceries, Hardware,
('rockery, Hay, Grain, Feed, Kte.
390 to 394 Second St.,
The Dalles, C:J
Again We Greet You
WITH A FULL LINK OF
STOVES AND RANGES,
BUILDING HARDWARE,
TINWARE, GRANITEWARE,
GUNS, AMMUNITION,
TlTCITTTTn m A TrT.T!
PUMPS, IHp3
THfl
worn
SOLE
AGENTS
FOR
Garland Stoves and Ranges
Sanitary Plumbing, Tinning and
Metal RoorlDg a Specialty.
Groceries, Provisions, and CordWc
All ounri.K I'KOMi'Ti.r attkm: to.
Mai Kit & KENT
THE DALLES, OR.