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THE MEDFORD DAILY TRIBUNE, MEDFORD, OREGON, THURSDAY, SEPTEMBER 10, 1900.
Medford Daily Tribune
Official Paper of the City of Medford.
Published every evening except Sunday.
MEDFORD PUBLISHING COMPANY
George Putjtam, Editor and Manager.
Admitted as Second-Class Matter in the Postof fice at
Medford, Oregon.
SUBSCRIPTION RATES :
Oue year, by muil .$3.00 Quo month by mail or carrier . .$0.50
The Tribune is for sale by Hotel Portland News S;and, Portland, Or.;
Ferry News Etand, San Francisco, Cul.
CLOSING THE ROGUE TO COMMERCIAL FISUIXG
An order has been made by the comity judge of Curry
county sanctioning the sale by the widow of the late R. D.
Hume of the salmon cannery plant at the mouth of the
Rogue, and the business will probably pass to other hands.
For thirty years or more the Hume interests have held
an absolute monopoly of fishing at the mouth of the Rogue,
through ownership of twelve miles of the land on either
side, and for a distance- of miles on either side along the
ocean. From this monopoly a large fortune was created,
spent mostly in California, where the late "lord of the
Rogue" resided.
The "Rogue is more important to the 50,000 or move
people residing along it and in its tributary valleys as au
angling stream than as a commercial fishing proposition
for the benefit of a monopoly. Hundreds of tourists f rom
all parts of the country come annually to fish for its trout
and this influx of money spending pleasure seekers, in
creasing in volume each year, means a greater revenue to
southern Oregon than the salmon. The angling is a source
of recreation and pleasure to the residents.
Were the commercial fishers to confine themselves to
salmon, there would be little complaint, but since the erec
tion of a cold storage plant a few years ago at Wedder
burn, the fishermen areexterminating rainbo wtrout, er
roneously classified under Oregon laws at the dictation of
salmon fishers as steelhead salmon. These rainbow or
steelhead are of little value for canning, hence are refrig
erated and shipped to eastern markets.
Legislature after legislature has refused to listen to the
voice of the people of southern Oregon, to reform the situ
ation and save the trout by permitting a short season, and
the Hume interests still enjoy the longest open season of
any fishers in the northwest. Hence au initiative petition
will be submitted to the people of Oregon at the next gen
eral election to close the Rogue to commercial fishing en
tirely, and restore natural conditions, making the Rogue
the greatest fly fishing stream in the world; .
There need be no conscientious scruples about putting
the Hume fishing monopoly out of business. Ten times,
yes twenty times, the cost of the improvements have been
realized as profits by the Hume monopoly, which has never
shown any scruples in its dealings with the public, paying
its half-breed fishermen about a quarter of the wages paid
on the Columbia.
If the rapidly diminishing supply of trout in the Rogue
is to be saved from total extermination, commercial fish
ing, the use of seines, gillnets, traps and other devices for
the destruction of the finny tribe must cease, and it will
cease if the voice of the people of southern Oregon is heeded.
Commander Robert E. Peary continues to make good
use of the hammer with which he nailed the Stars and
Stripes to the north pole.
JACKSON COUNTY BANKERS
MEET AT BANQUET BOARD
(Continued from page 1.)
furious and unbridled passion, .the
piracy of nations..
The Banks' Place.
Both in war and iu poneo banks
act un influential part. - From the
counting rooms of tho great banks of
Europe often comes the ayo or nay
to the prime ministers of angry u
lions, giving or refusing that finan
cial aid which makes war possible or
peaco necessary as that aid is given
or refused to finance the proposed
impending struggle
During our gigantic civil war when
a million men wero taken from the
ranks of productive industry and
placed in tho ranks of nou-proiluction
and destruction, to be fed, clothed,
equipped and shot, the great Phila
delphia banking house of Juy Cooke
& Co., which had the contract for the
sale of the government bonds and
securities, and upon the sale of which
depended the resources necessary to
prosecute the war for national exist
ence, was a potent and absolutely in
dispensable factor in the gigantic
strugglo for national life.
Aid to Railroads.
The first transcontinental railroad
was financed and made possibU bj
the government aid given towards its
construction. The second .transcon
tinental railroad, tho Northern Pa
cific, was financed by tho bank of
Jay Cooke & Co., already referred
to, but the country was not ready to
see so great an enterprise promoted
by a single bank, and tho day of syn
dicates had not yet come, and the
undertaking collapsed for tho time
being and brought on the financial
panic of 1873.
Since which time the banks of the
United States have successfully fi
nanced every transcontinental 'rail
road that has been built, and that, too
without stringency in the American
money market.
Span the Globe.
The great banks of the commercial
centers of the world now span the
globe with their vast enterprises and
interests; and in the -mighty loom of
international trade and banking, the
great bunks and bankers of the world
are wen vine thn frhrie o1" r.iot trans
actions which lend i i'iuilc police
abroad aid :i . p: :;.y .: !: :e.
When .the world's great financial
houses are directed by bankers of
.aid the public which we serve, that
timing the late panic none of thu
banks of this county were shaken or
weakened, but all held and merited
th confidence of their constituents.
worth, ability and honor, they are tho
heart from which :flows pi-ogress and
peace and sound prosperity. But
when bankers without conscience or
honor take the lead in tho nation's
business, then bubbles are blown,
broukers are encountered and the
v.'rcekago of business ventures strews
the routo of their transactions.
What the banks of Europe and
America are to tho nations and the
world's commerce and business, the
interior and country bankers and
bankers are to the business of their
respectivo localities. 1 The safe and
careful bank which assists the safe
business enterprise of its locality is
a good friend to its community in
building up its material prosperity
on a sound basis of recognized busi
l.css worth and real merit. Tho bank
which is wildentting with its deposi
tors' money the glittering and unsafe
projects of glib promoters, in u dan
gerous effort to realize larger prof
it and speedier returns than safe
and legitimate banking offer, is an
unsafe custodian of a community's
money and an unsafe depository of
the confidential business and plans
of its customers.
Confidence an Asset.
A bank or banker may ho so hulk
ing in tho elements of sound business
honor as to merit the designation of a I
financial fakir, and such an insti-j
tution or person should no more bo'
trusted with your cash or confidence!
than tho street fakir, who thimblc
ligs you out of whatever cash you
invest in his gamo. The standing
Ihrcs of unsafe banking are chiefly
promises of large profits to invest
ors and high rates of interest to de
positors. Safe banking neither pro
duces largo profits nor justifies high
riles of interest to depositors. For
the snfety of stockholders' invest
ments and depositors' cnh will al
ways be the first and lending thought
of the safe and honorable bunker.
The daily life and walk of every
hanker arc a part of tho assets of
ni- bank, if good, they strengthen the
capital of his bank; if bad, they great
ly increase its real liabilities. Hero as
in every other line of business life,'
the plain old-fashioned adage holds
good: "Bv their fruits von shall know
tlwm." " ' 1
The Local Institutions.
To us who are serving the Jackson
eocnty public with banking facilities
it is. and of right should lie. just
cause for congratulating " ourselves
I l,m. H. V. Carter of Ashland Mike
upon the History of Jackson county
banking. He said :
The firs! consideration in the mind
if every prudent and conservative
banker is the safely of depositors'
funds entrusted to his care. Our
paramount duly is to our customer,
and the stockholders' interest, while
of 001110 important, is and always
should be iv H-eondary consideration.
In the strife for business, iu tne anx
iety to add new names to our depos
itor list, there iH danger of offering
inducements in the way of froe ex
change, inloiest on deposits, iiermis
sien to ovc-druw, etc., to such a de
gree that n depositor's account may
aotuiilb le a source of loss to a bank
instead of a source of profit. While
1 nm not mi ild man, I enn recall the
lime that the personal soliciting of
accounts was frowgned upon by tho
great majority of hankers and was
regarded an an undignified thing to
do. While perhaps the ntitudo of
tho hanker 30 years ago was too con
servative in this respect, have we
not gone to the other extreme in re
cent years in our anxiety to outdo
our competitors? Is there not n
"safe and sano" middle course that
wo can pursue, giving to our custo
mers accurate, prompt and courteous
treatment, but at the same time mak
ing reasonable charges fur services
we render?
Reason for Organization.
The purpose in effecting an organ
ization or association of the bank
ers nf this county is an exchange of
(Continued on Pngo 8)
HEADQUARTERS FOR
Harness Saddles
Whips Robes
Tents Blankets
Wagon Sheets
Axle Grease and
Gall Cure
ALL KINDS OF CUSTOM WORK
J. C. Smith
314 E. Main "
Krucst J. Smith, who has., been
working for a local druggist, leaves
for Kugeiiu Sunday to complete his
medical course at the university.
1 QUART
OF
VANILLA
FLAVOR
FOR
50 Cents
Guaranteed under tho Pure Food
and Drug Acts
H A SKINS
DRUG STORE
SOUTHERN OREGON
EMPLOYMENT AGENCY
MALE AND FEMALE
HELP FURNISHED TO
EMPLOYERS FREE.
Office
33 SOUTH FRONT STREET.
PHONE NO. 2463.
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I Medford Iron Works f
E. G. TROWBRIDGE, Proprietor. t
J . Foundry and Machinist
All V:,.' of Engines, Spraying Outfits, Pumps, Boilers and Ma-?
chincry. Agents in Southern Oregon for ?
FAIRBANKS, MORSE & CO. t
MOUNT
AIN
VIEW
THIS ADDITION COMMANDS ONE OF THE BEST VIEWS THAT ('AN BE HAD FROM ANY
PORTION OF THE CITY, GIVING A BEAUTIFUL VIEW OF THE NEIGHBORING MOUNTAINS.
ONLY FIFTEEN LOTS LEFT UNSOLD
FROM HERE ONE MAY SEE CENTRAL POINT, EAGLE POINT, .JACKSON VI LI jE, ETC.
Price $300 for Corner Lots
$260 for Inside Lots
Benson Investment Co'mp'y