Roseburg review. (Roseburg, Or.) 190?-1920, October 03, 1908, Image 4

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    . . 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
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