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About Roseburg review. (Roseburg, Or.) 190?-1920 | View Entire Issue (Oct. 3, 1908)
. . comju.ie roanULA, AYti a ullh A ' B a i F Omu lit. lit prt.cci.ia - 111 f0 Jalop .... Gr.iFodoyUia .AGr. ( lllVf O JL illrO Oinuer . . . 4 Or. Qambogo . . ,l Or. AJoes .... 1 Ur OilPoppermintVn Or. uoaf dbcor uiAo Ae thtnb of this Ootocynth i'ulp Gr. iOU Spearmint Tfrc Or formula for tt Uvtr pill. Do at lit tout Eiciyieut-SnfllrifimjtmijUty. i j .- t.- 17. i ,. W hv. no aroritld V publish J. C AyerCo , rW uifnf these pith. He knows. ,,, formllll,B rf ,M , ., , Lo-.--il. Matinees every afternoon at The Crescent, fic. TP Cut tioworfl, carnations, at The Rose. Mrs. V, D. Owen. Phone 1497. Phone 661, when you want a good driving rig or saddle horse. Horsea boarded at reasonable rates. Del mar Dixon. dTF Three square meals a day at E. Jennings' retitaurant, which will be re-opened in connection with the Umpa.ua Bakery on Scut. 1. Don't think that piles can't be cured. Thousands of obstinate cases have been cured by 1 Joan's Ointment. 60 cents at any drug store. The regular monthly meeting of the Ladies of the Commercial Club will be held Monday evening in the rooms of the Koseburg Commercial Club. D05 The biggest stock of Vermont marble ever received In Roseburg is now on display at W. B. Mars tors' shop, foot of Jackson street. Give him a chance to figure on your work and he will satisfy you. Dtr Just placed on our floor, a full line of medium priced heating slovns. Get our prices for "sve can save you money. An elegant line of Iron liedH In all tho latest colorlugs, ranging In price from $3.00 to $15.00. H. W STRONG, The Furniture Man. DAILY WKATIIICIt HICI'OItT U. N. Weit her Bureau, local office, Itontburg Ore. M houm pikII'-k m. o't. 2, ISOS. Pretlpiuiioii In Inches and humlrolttii: 0.00 Maximum umifxtrittiin, t;l Minimum tempera tare 41 froclpilMllun 0C Total p reel p. nlnce Una of month ui Avg. pretlp. fur Dili mouth for 3u yvrn....dM Total preclp.from Hopt 1, VJW, to date -I'J Average iiruvlp. from ffcipleiuber 1, 1877 l.lfi Total deficiency from Kept. 1, I'XW .67 Aforuxe precipitation for SI wet teuton. Hep. to My (luc.unlvc) 'J2.W Tiioh. Oihkon, ObnurviT. For Itoficburg mul Vicinity: Fair tonight and Saturday; slight ly cooler tonlgh. Roy Wilson came dmvn from Grants Pass Friday, en route to Port land In his Tourist automobile. Tho pictures at the Crescent to night will HrM. make you smile, then laugh, then roar, and In case one Is needed we have engaged a doctor to attend all perrormaiiceH. John McKean brought In some nice ripe strawberries this morning rrom his farm on South O'er Creek. They were left at the Commercial Club headquarters. Douglas county soil and cllmutu speak for themselves. The Birth Stone for October is the ...OPAL,... WE HAVE AN IMMKNSU LINE, MOUNTED AND UNMOUNTED We have a full lino of Ux-koti, Nucklacei, 1 Valllern, !ua1nDt8, Ktc. Our line of wati-h movements ami caie, In ill gradt-g and alien, I the most- lomplu'e lo Southern Oregou. We Invite you to call. J. T. BRYAN, The Watchmaker KOSEBURG, - - OREGON sknii vol a msiuvM) von mkat oi L-af lonally. I'h may n it Know ii t.ch uboiK It. ',n : even he will see wl y you I us at doing .voir nici t buying here. The cleanliness will appeal to him for one thing. The prompt u m courteous service for another. And as we keep choice meats only, ho cannot go very far wrong In his selection of meat for the table. Hut come mostly your self. The Economy Market Geo. Kolilliagen, Irop. $22.10 Roseburg to San Francisco and ....Return.... Dates of Sale Oct. 3 and 4 Limit 29 Days This very, very low rate has been put in effect on account of the Trans Mississippi Commercial Congress, but it is open to the public via the Southern Putslfio Compnny ....LINKS IN OREGON.... The 29 day limit will give lots of time to take in the sights in San Francisco and "excursion" down to Los Angeles and Southern California. For particu lars, sleeping car reservations and tick ets, call on L. B. MOORE, Local Agent, Roseburg Phone IO55 All Work Guaranteed 11. C. R1TZMAN, Up-to-Date Plumber Special Sale on Fixtures, Including Towel Racks, Soap Dishes, Tumbler Holders, Sponge Lt mo niftkr nil rxtlmntt' Foot of Jackson SC. Racks, Etc. iU'iun and Hut Wl,'r . S.-UMy Repair Work Neatly Dono W. II. FISIIKK, l-r,. J. II. IHMtTII, Vlie-ITeii. J. M. TIIKONi:, S,-c. The Douglas County Abstract Company Kur,.r In r. K. Alley. JtKmrt r4 Tlll rmlli4 Title liuaranteed. Inmi (sv rtm-ikt a Xi.n.li. Safely l,.pt Hue. for Kent Taar IirM Boa it ami Si.l i.am Scrip for Sale. teal Kstata ami Insurance. 1'nfVra 1'rvtvrly l'rtW for l'lllnK tiot.'ruiiii-iit IjimK Tollil( M.ifX. ikon law VrK Ij.n0., f , Towiwhl, In the Mnwtim Iji4 IHstrlet, ntl Vnta Kaeh. mi-m no, oiu iiov. Olllre I ml.T V. S. Ijiml linirr. M GOOD EVIDENCE Former Secretary Cage and Con gressman Fowler on the De posit Guarantee. THE 7AISH FAILURE CITED Clearing House Action Like Flan Pro po:ad by Democrats. Guni cJi AiilnHt lionet Ilankrrs nf ferltitf Itunit Modern SyHU'in of Crrcliu IlaiikbtHik Should lie Worth Face Alwayt f By John E. Lothrap. I.yuniii J. (iaKL', form or secretary of tint tii-iiHUiy, limy be rt'Kiirdod a BUt tlrl.'Mlly "coiiscrvntlvf to obviate fear that In would be "uiwafu" In hla liHiikinif vIpwh. Ili-rore the houno com niittco on banking and curreiit-y In W'HKlilnton Mr. (Jiie dlwiiHst'd na tfonn fliiaix'is and particularly the na tional tuink. He KoiiKht un illimtrHtiou of IJ.i' idea he was oxpri'sslng,' which In Kt iiHrul was In aupport of the guar niili'O pliin. mil like many othcro fouinl It In the Wnltfli ffiiure hi L'hl ciio. After explaining how the c'cnrln: hoiiNu han'.;! took over the as p's of the fulled Institution, jruaianU'cd all depoH'iors, and prevented runs ou oth er bunk, Mr. 'nge suld: Mr. (tiie'H Htatement. "Well, they lejtrned nuother lesson mid they adopted another principle, a principle provided for In this (the Kowlert bill. ly the vote and vol untary compliance of nil the members nf the Clear iitf House nHsoclatloi), they aull.ortzed tho clearing house at any Nine and nt slated periods to net upon Its own volition and on Its own acocunt. and Tor the Information of the clearing house committee Itself to have full, complete uud comprehensive luvcHtlKUtliiu of each lucintfr of the association, and not only off each mem ber, but of every Institution that cur ries the name of bank over It that Is cleared or represented In the clear! ne house by any rlearjug hoime bank; and I can tell you ns a wife prophecy that we are at the end of disastrous fail ure lu the city of ("hlcago by clearing huiise bunks, aluce this regime has come In. 1 am told that Kaimas City ban the same thing, and other cities will eventually adopt It." KcprcsfiitHtive Fowler, ltepublicin. CliHrles N. Kowler, Itepubrcan, of New Jersey, chairman of tho house committee on banking and currency. apiH'ars In the Congressional Record with n house speech In support of bin bill which provided for guuntn'ee of bank deKKitA. He spPcinHy nnswpred the assertion that such a guarantee would Induce reckless bauklng, say Imk: "Mr. Chairman, we are occasionally met w ith the statement that guarantee of deposits would lead to unsound Ini liking. Can you think of a Uuiker, lieeau.se he hud Insured his rte poulis. going into the directors' room and saying: '(ientlemen. we have ln surrd our deposits today. Now ler ns privecd to make some rotten loans?' "Is It not posHlble thnt It will occur to thoMe directors thnt their loss -s must come out of the r profits, out of their reserves, out of their cap tal, and out of their reputations? Will the not realize that they can get no'h tig out of the guarantee until the last dol lar of their capital, suti'lua nJ profits has been wiped out, and Rtoek holders tune been assessed double the amount of their stock? The Bankers Heputation. "I'utll their reputations have been Injured, if not ruined, and po-udbly onie of tlieiu tiavp been started on the nmd to state prin? Can anybody think that miy bonnl of directors of any bunk would be less solicit lous. anxious and honest and wise after they h.id guaranteed deposits thau tiiey were bef- e? "I nssert it-;.i n. after the most ma ture detiben tlon, that .t there Is one reHsnn for Insuring life and home, there are more than a thousand good reasons more tbun ten thousand good reasons hy the depositors of the banking Institutions of the I'ulted States shnuM be insured." Two Valuahta Contributions. These two men hav offered valua ble eintributlons to the dlscusson of the proposed guars u tee of bank de po;s. Mr. tiage has set forth the pn-sent trend of bankers towards a closer watchfulness over all Inst tu tlons which meept the peipls money in trust, and has Indicated the exrt.-t means n hereby, under a guarantee law. bankers would do as now they do maim u un assm'iution empowered to look sharply '"to tlnanciul courerns w h ii h seem to be depart! .iff from sound methods. Ills referent f to the John R. Wslsh failure In Chicago was doubtless be tiuiw It was known to the country gi'iierally. having been given wide pub III Ity and therefor n.ost likely to at tract attention n an illustration. However, there ia acarcery a lovall ty wlieivln bankers in lute years have lint gone under toppling bunks and up held them by guaranteeing deposits wholly or In part, in order to help in the quelling of .popular distrust and the undermining of confidence In all banking Institutions, Na Drtay for tepoitora. It It quite spa re tit that nnder guarantee of deposits there would be no alteration of conditions alTevUog banks now. so far as four-cms espion age maintained hy one over another. The Important difference, however, would be tliat depositors would not bs subject to the iiunoylug. often dlsas trous, delays In getting their money which now they experience when banks fall. Hut, that fewer failures would oc cur surely would be one of the re sults of such a luw. Everyone knows thnt many runs are precpitated on bunks which are absolutely sound. Many a man, faithful, safe, conserva tive, conscientious lu curing for the money of his depositors, bus suffered runs caused by some rumor started through malice. Many an honest banker has hud his heart broken by senseless runs, and bus grouned In spirit os he realized that gross Injus tice has been done as reward for ear nest and able keeping of the trust to posed in blm by his depositors. The Raring Failure. When a dozen years ago, Rnrtnft Itrothers. of London sutpcudid, It wui due to that very esplouuge by other bunkers to whloii Mr. tiuge refers. The Darings had etn burked In many Soiith American enterprises, some of which were manifestly unsafe. The governors of the Hank of Eng land, sensing the danger, refuted to accept securities backed by them us basis for the Issuance of bunk notes under the custom of that country; that action never has been adversly criti cized In any country, although It has been discussed ever since the world over. Modern business Is conducted on the basis for the Issuance of bank notes tie actual money passes from h.ind to bund. Modern System of Credits. Tou go to your bank with a bundle, of checks and drafts and deposit them to your credit. Against that account thus opened, you draw checks. They puss Into the world of business, are accepted at face value, nud clr u late virtually as does gold, silver ami currency. If you pay your bills in checks, often you pass through weeks st a time when you have only a trifle of loose change in your pocket for street enr fare and the 8 mul I things you need from day to duy costing too little to bother to draw a check. "A check cancelled Is a voucher," has become a maxim lu the business world. Complication of the System. This complicates business and forces all banks to nssoclute themselves In clearing Louses, and probably the pub lic would be amazed were they to know at times how sharply the clear lug house committee looks Into meth ods employed by Its memters. In the panic that beg i: last October, funds were curried fr. 'junk to bank, taken ostentatiously through the front doors, that deiositors might know that other banks believed lu the soundness of the Institution which hud been at tacked by n run, and iwrformed al most every esscutlul of the guarantee system. Why? Simply becauap the modern' business system Is so complicated and so little actual money passes current thut each bank must It now that tin? others are properly safeguarding themselves and also that they arc permitting the car rying of accounts by depositors whose paper may utwuys be depended ou as worth face value. Beneath the Surface. - Ho beneath the surface, one could witness the clearing house associa tions eiumluing collateral, securities nud assets, uud often serving notice on u given bank that the association will require some change in methods on penalty of refusal longer to clear for thut bank. Hanks Out of the Association. How about bunks not lu the associa tion? Many perfectly sound bnnks are not directly lu the clearing house. They clear through another bunk which dues belong. Precisely the same rule applies to them, for, when need arises, the asso ciation serves notice on the member bank which clears for the non-asso-clutlon bank as to whut will have to be done; and It ia done promptly, too, In every Instance. Dank -Book Should lie Worth Face. The essence of the guarantee plan la that a bank book should tie worth Its face always. An entry In a pass book should not constitute the assumption of a risk hy the depositor and the giv ing of wide latitude to the banker. Such entry should be recognized as just as actual an asset aa a bank uote. Also, proper arrangements must be made for the continued espionage of bauki by other banks. Lastly, and quite aa Important, banking laws must be enforced; over certification niuit be stopped; loaning of funds In national bauks on obvious ly speculative schemes must cease; und other reforms must be wrought to Invest fhe banking system of the country with shut complete confidence which. If induced would put a stof) to all nervousness by depositors. NO SCARES THIS YEAR. "No one feara that Mr. Bryan's election would provoke an Indus- s trial, commercial and financial e cataclysm." New York Evening I Poat, Aug., 1908. Just That lAng. The New York Evening Tost. (Re publlcani, asks: "How long are the trusts to enjoy their present license to pick our pockets"?' Just ao long as the people keep In power a party which derives Ita cam paign funds from the trusts. Dixirrf'Senna acts entlyyet prompt ly onthe bowels, cleanses fhe system ejjectually, assists one in overcoming Habitual constipation permanently. To got its oenejicial ejects buy the Genuine. flunujacturcd by tho CALIFORNIA JpicSxmJpCo. 50LD BIT LEADING DRUCdSTS-BW fBOTTlt I'llILAItKI'HI.VS H1HTIIIIAY. Historic-ill I'llur'nllt llurillK WVck nf (Vlclirutioii a I'Vuiiii-c. PHILADELPHIA. Oft. 3. At C o'clock tomorrow morning tho Quak er City will be aroused from its slumbers' by the ringing or Indepen dence Hull bell nnd all the church chimes and bells of the city, and the celebration of the 22 5th anniversary of the founding of Philadelphia will be on in earnest. Many months of busy preparation and the expenditure of hundreds of thousands of dollars have paved the way for next week's climax, which will be the most mag nificent historical pageant in the world's history. Tomorrow will he "religious day" and the program Includes special ser vices In all the churches of the city. In which many patlrotic nnd frater nal organizations will participate, with great open-air meetings In vnrl oub squares and parks. Thousands of Philadelphia Sunday school chil dren will sing "My Country, 'Tis of Thee." Civic and Military day will be ob served Monday, with n parade of 2f, 000 troops. Municipal day will be observed Tuesday. Wednesday will be industrial day. with what pro mises to be the largest industrial parade ever witnessed in the United States. The mighty climax of the week will be the historical pageant on Krlday, with forty magnificent floats and 5000 characters shown. The pageant will depict the entire history of Philadelphia, from the time William Penn mnde his first voyage to this country in December, 1C92, in the good ship "Welcome." Cottage Grove leader: Henry De wald came down from the C'anyon vllle country Tuesday to visit his father who was so Beriously Injured Monday night by being struck on the head with a revolver by thugs, as he was in the act of closing his grocery store. Kdw. Doll, of Litchfield. Minn., and Dr. A. G. MofTatt, of Howard Lake, Minn., arrived here Friday night enroute to the Rogue Kiver mining district beyond West Fork, where they are Interested in the Gold Bar placer mines and are oper ating a plant thereon. These mines have been under the supervision of H. J. Russell, of this city. Afflicted With Sore Kycs Kor !W Years. I have been afflicted with sore eyes for 33 yenrs. Thirteen years ago I became totally blind and was blind for six years. My eyes were badly inflamed. One of my neigh bors Insisted upon my trying Cham berlain's Salve and gave me half a box of It. To my surprise it healed my eyes nnd my sight came back to ine. V. C. Earls. Cynthlana, Ky Chamberlain's Salve is for sale by Hnmilton Drug Co. BAD BREATH formnnth 1 had irrral trnoMawlthtnTitninaf'h and osrd all kind nf mrdlclnra. Hr tongue bai TT brcit a'luatlr (rron ai Krai, my breath haTlna ZZ a bail .1.ir. Tn werkt k a fricu1 n'i-..miuonl.a t.aicarrti ami afu-r ualntf lUem I rati willingly and cheerfully r thai Ihej Timts ntirrlr cnrrXm-. I lhrrnr let too know thai I shall rrc.tnmend II them lo any nna anfloritif from turh trouble. " TT Cbaa. II. Hat rem, 1U E. itU St., New York, N. T. f4 Best For M ZJr The Bowels 11 flu i 1 1 i ' " '3k- j,1" ji v a H CopjrrtoKl 1908 The Houte of Kuppcnhetmcf Chicago Very Comfortable for these Evenings 2 cr GASOLINE, ENGINE OIL and supplies for Automobiles and Gasoline Engines H. W. ALTHAUS & SONS Electricians : Machinists : Automobilists Cor. Cass & Rose Sts., Phone 1441 Roseburg, Ore. What makes our business grow? It's because we treat the people right. Some merchants in their a'tempt to lead in prices often buy . inferior goods but that is some thing that this company does not do. Our courteous treatment, the superior quality of our goods and the right prices is what is build ing up our business every day. If you are not a regular customer place a trial order aud be convinced. Yours for a square deal, Alton S. Frey & Co Phones 201. GROCERS uccessors to j. r. Borker 4 Co. t a Nr Slkn, tt r un,.. ltp 'v s- NTr old In lilk. Th Bntlln 11. 1, Iiiiti4 CCD. Unaranlpntl to cnr or jruur niuuer buck. Sterling- Remedy Co., Chicago or N.Y. 50S ANNUAL SALE, TEN MILLION BOXES Patrons of the California Perfume Company will be pleased to know they can now get their UNEXCELLED TOILET ARTICLES. Soaps, Powder Perfume, Cream, etc., by calling at the ROSE CON FECTIONERY STORE. (" I" n.vvoiti; KXTU.MTS are the l-t vet. S.nUfiU'lion or money Iniok, tasfe ROSEBURG MEAT MARKET "' MAY, Prop. FresH and Cured Meats of aU kiada 1 ruu roultry We know how to cut meat to get the b-st re,i , Is more in the cutting thnt most peo pie belli ve u coklng. There perta In our line. Let us prepare your Sunday ,.. , "'ay be 'rme, Px. convinced. We want your trade. anl you wu ,o Special Free Ih-livery. I'licine l:tl Shop on Sherhlnn Str.vt v,.. .. a "'''' WANTED 51-000.00 WORTH of 2nd Hand riooii at Bradley's Second Hand Stnr I handle both new and second hand goods T " prices on harness. You will find that 1 am r, y my ...mmmuu. "mm O O o
