Crook Coimtv Jniirnal h11' "ia- a grvat trut
COUNTY OFFICIAL PAPER.
THURSDAY, NOV. 14, 1907
Subscription 1 1.50 a yer.
Patronize Home Banks
People are always ready to fol
low false gods. This is again
illustrated by the number of Crook
county people that lost money in
the Portland Guarantee & Trust
Company. This concern sent its
agents here last spring and se
cured . many depositors. What
seemed to take with the people
was a small savings bank for the
use of children. These banks coet
a dollar each, the purchase money
going to the credit of the depositor
in the Portland bank. The lia
bilities of the suspended concern
are 12,560,00; asseta 13,000.000.
There is no need of sending your
money out of the county for safe
keeping. You are taking no
chances by patronizing Crook
county banks. These institutions
have been built up by adhering to
sound banking principles. They
are managed by experienced men
of known integrity. Patronize
tiiem.
Details of the Squeeze.
Now that the East is rapidly
pulling itself together financially,
the details of the money strin
gency is gradually coming to light
Sifted down it simply amounts to
the dishonest use of depositors
money by dishonest bank officials.
The JSew York Independent, an
able and conservative magazine
says:
This acute and alarming finan
cial disturbance in New York has
taken place at a time when the
entire country is still enjoying
prosperity. Wages are high, and
great activity in the industries of
manufacture has not been checked.
The continuing large volume of
traffic on the railroads makes
earnings greater than last year's.
Southern planters get high prices
for a large crop of cotton. Altho
the yield of two or three cereals is
smaller than the very abundant
harvest of 1906, onr agricultural
journals say that, owing to high
prices, the farmers' receipts will
exceed those of last year by f 500,
000,000. In New York we have a
panic, with runs on the banks and
the suspension of great financial
institutions.
Let us see what the causes of
this disturbance were. They have
been almost exclusively local.
The immediate cause was the
miserable collapse of a wild specu
lation in the shares of a copper
mining company. As the com
pany was not widely known and
had not attracted many investors,
this affair might soon have been
forgotten if the originators of the
reckless speculative movement had
not been closely connected with
the management of a national
bank, and if that bank, on account
of the unsuccessful corner, had not
been forced to apply to the associa
tion of banks for help. Aid was
given, as the bank was solvent,
but upon the condition suggested
by an examination of the bank's
loans that the controlling owners
and officers should retire from the
banking business. At ... the same
time several other second-rate
financiers and speculators who had
obtained control of a group of
banks were also forced to sell out
and withdraw.
In recent years, certain specu
lators and promoters have gained
control of banks in New York in
order that they might use deposi
tors' money to bolster up their
speculative projects, such as the
making of Ice Trusts and the con
solidation of steamship companies.
It wa6 their practice to use the
stock and securities of one bank
as a basis for loans with which
they bought control of another,
and so on, until a "chain" was
completed. Thus, under lax
official supervision, there were
great opportunities for them to
finance their schemes with other
people's money. It was, on a
small scale, the game played with
the bugh surplus of the life in
surance companies until the
Hughes investigation imposed a
check.
These speculators in banks were
forced out. Their banks needed
help. Their reverses affected
other bankers who had been in
some measure associated' with
them. Depositors began to de
mand their money at the paying
company largely engaged in bank
ing waa forced to suspend. Other
have been saved from suspension
with difficult, and several small
banks have closed their doors. As
we write, the crisis appears to have
been past, owing to the effoiU of
our greatest banks, richest capi
talists and the United States
Treasury.
Now, the immediate cause was
gambling with bank deposits in
New York, gambling that is for
bidden by law, and for which there
should be punishment.
The collapse of the copper share
corner precipitated a discovery of
the rottenness. Distrust spread,
and perfectly sound banking in
stitutions were subjected to a very
severe strain. One t the vice
presidents of the broken Knicker
bocker Trust Company (which had
157,000,000 of interest-hearing de
posits) ascribes that institution's
misfortunes to Mr. Roosevelt's
speeches. This reminds us again
of Brouwer, the clerk who was
arrested three weeks ago for steal
ing $100,000 from his employer,
and who sought to place the blame
upon Mr. Roosevelt, asserting that
the government's prosecution of
dishonest men had made his stock
speculations unsuccessful.
There were other causes which
operated indirectly or remotely
The world wide scarcity of loanable
funds embarrassed the speculators.
Exposure of the offenses of great
railway jobbery, had shaken pub
lic confidence in American finance
and contributed to that decline of
securities which interfered with the
bank speculators' plans and has
tened the revelation of their deal
ings with the' controlled banks.
Inadequate official regulation of
the banking business carried on
by some trust companies must also
be taken int account. But the
main and immediate cause, as we
have said, was gambling with bank
deposits.
Woolmen Discus Issues
Fifty delegates from all sections
of the state are in attendance at
the annual convention of the Ore
gon ooigrowers' Association,
which met Nov. 14 for a two days'
setion in The Dalles Commercial
and Athletic Clubrooma. Th
meeting is most important to
those engaged in the sheep in
dustry in this state.
The matter of dealing with i j
tiferous coyote, which yearly d -.
stroys hundreds of animals, dV j
spite the keenest vigilance of th '
sheepherders, waa discussed. Th
advisability of establishing advis ;
cry bflsMa to meet with the Na-' Nu, u h n T t : m v Tliinrntu :u
tional forest officials to consider a : yinm t. all iiu .ru v mn tin ii
more equitable means of adjusting , inf. t nu lnvln ,; ti e r ..Miii.n.
Meeting of the Bar Association
The Oregon State Bar Associa
tion will hold its seventeenth
annual meeting in Portland
November lUth and 20th. It is
tho desire of the committee that
the attorneys of the state be gen
erally represented at this meeting
and to that end Mvi ii.i,.,,..I
t'ul t ' ... I ''. .... .1 II. I.
, ' .. v in- I U I . V V v. i I j U Ul
iiioi.i.ui court v :', ' i' c IViiit.t!
".11 1 h;;u t;iki : rur.- (!i,if lv,',
Vf. 'i. ll.i mh.i nut in
EVERYBODY" WON ON
1 !
f
,H! C.".l!..u'i r
... , a
l rtt liti- lie r...,a.""Vr..s.t.i,v
f '.Ml h.- I vi l: rr-ttl,- ,1 With lite
Retiring from Business
We have decided to close oat our
stock of general merchandise consisting
of dry goods, clothing, boots, shoes,
hardware, crockery, glass-ware, gro
ceries, farm machinery etc., and retire
from business. These goods will be
i-uwru out. lor cisn regardless ol cost.
After November first no imumii will
be carried, and all notes and accounts
due us most be settled at once,
LONE PINE TRADING COMPANY,
10-31-4t O'Neil, Oregon,
Hay For Sale
One hundred tons No. 1 alfalfa and
timothy hay for sale at Id per ton. Can
be fed on the premises. Good pasture.
plenty ol water. Good feed racks and
sheds for sheep. For further particulars
apply to J. A. Butterfleld, Mitchell.
Oregon. 10-3U
Cty Property For Sale
My property near the high school is
for sale. Price $1000 cash. For further
particulars write or 'phone.
10-lni C. W. STARR, Prineville, Or.
the range question will be con
sidered from various points of
view. The system has proven its
efficiency in various cases, and will
probably be adopted by the Ore
gon Woolgrowers' Association at
this meeting.
Another thing that will receive
some attention is the salt question.
It was said by some of .the dele
gates that a movement was on
foot to put the Oregon growers in
possession of stock in a salt mine
in Utah, enabling sheepmen all
over Eastern Oregon to obtain salt
at reasonable prices without being
at the mercy of the saltowners.
The dipping law, too, will re
ceive some attention, as the dip
which was used in some sections
has proved inefficient. The dip,
for instance, used in Baker county
failed to destrav the mappot mi.
nating from flies. The question
has arisen whether the fluirl numl
in many cases is sufficiently strong
. ... r. .
to kui tne scab.
VTorided fi:t v tnM c!i. ii.ie trip
tickets are sold from points on the
railroads in the state
A Msthodiit Miniatsr Bscommsod Cham-
-V berUln'i Cough Eamsdy.
We hit vt used Chainticrlnln'. Couirb
UeiiHMlv In iiiip hmiiA fiir mtvun viuiis.
nml It 'has ulwa.vH proved to be n
rvllnble remedy. We have found
that It wmilil da moru tliiin ilw
nmnnfiit'tiirvrtt rlntm fur If. It. la
especially jtimmi lorcroupnnd wliootv.
nijf coiiKn, iv. janiea a. uwid,
PiLnror Miliin MIiiii l P l'lm.l.
ClmiulHrlnlu' Cough Remedy Is sold
uj- u. i . Aiuiuimiii.
Prescriptions Carefully
Filled at
D. P. ADAMS0N I CO.
Watch Found
A watch and rhftin fnnn.l TKa
owner can hive same by proving and
paying lor mis ad. J. B. SHIt'f.
When you want a nleiuiant nhvnlp
try Chnmbrlaln'8 Stomach and
Liver TabletH. Thv
- '"7 v
take antl nrodnrw nn irHnlnir a
other unpleasant effect Sold by I).
T . .J . ... -
tr. Auaiuson.
Second-Hand Organ Wanted
Wanted to buv. & s700i1 uvnn1
hand organ. Mut be In good re-'a
pair. Address, stating terms, 2
utAA M. STEWART, O'Neil, Ore
Don't try to buy better
Clothes than
j Hart Schaffner & Marx
You Can't. We sell them
FOSTER & HYDE
Pure Drugs
AT
1 D.P.Adamson& Co
Plants for Sale
Hardy, acclimated and well-rooted.
high-quality, Ulackberry, Currant.
plants. For full information and price
au.lresa, i.. 1. WIEST,
10-31tf Bend, Ore.
j Boys' and Youths I
j Canvas Shoes, while they
i last, per pair $1.00. f
I J. E STEWART & CO I
itarttataaitatatAainMu
Royal Insurance Co.
$ Not Welchers. S
v uvuai ivi uuuar 111 tae
FrUco conflagration. J
5 J. E. STEWART, AgL
100 per cent Pure Wool
Hart Schaffner & Marx
Clothing at
I Foster & Hydes's
For Irrigated Farms
and Fruit Lands
J In the Deschutei Valley write
H. F, JONES,
Redmond. Orezon. A
Notice to Creditors.
Knllra la h.l,. ,l..n h .k. ...j i a
executor ol the EaMte ol L. V. Ballt-y, dereuml.
to all creilttora mil other hnvlnr clalnit
int the estate ol the aail L. V. Bailer to
proavnt the aaine with the prop-r voiu him to
the tinili'mlKneil at the otliee ol II, K. Klllotl
In Prineville, Oreiton, within ill moniha lorm
wc unit puDiH-auuo Ol inn noille.
Dated thU lth day of (Vi.l., IW7.
GKOROK W. BAILEY,
Executor of the last will of L. V. Bailey,
deceaaed.
attn tienm'
-mTm-.U
S:
Gothe
s
Space will not permit us to give a com
plete list of winners, but we have picked
a choice line of winners to choose from
and a "tip" from us will put you right
See the "line up" and be convinced.
SINCERITY CLOTHES are priced right
$12.50
to
$25.00
WURZWEILER & CO.
it
Notice to Creditors.
Notice U borebr glren, by the undersigned
the a.lmlulntralor of the mate ol Fred f.
Anderson, deceased, to all persons having
claims against the estate of the said Fred V.
Anderson to present the same with the proper
.. . . HI. UIIII.-U U
Prineville, Oregon, within six months ol the
uiriiuiiiii:.ui'iiui mis notice.
Dated this 19th day of Sept., 1907.
Administrator of the i
on, deceased.
H. KIJ.tOTT
Ute ol Fred P. Andur-
The Ezact Thing Required for Con
stipation "An a certain purgative and
etomach purifier Chamberlain's
htomat-h and Liver Tablets Beem to
lie the exact thing required, Htrone
enough for the rnoHt robust, yet mild
enough and safe for children and
without that- terrible irriping so
common to most purgatives," say
11.1s. Webster & fin . ITdoro i.,t.,-i..
Canada. For sale by D. P. Adamson.
' Report of the condition of
The First National Bank
Of Prineville, Oregon 9
At the close of business August 22, 1907
BESOURCF.S
loan and Discounts $340,335 21
United States Bonds 12.500 00
Bank f remises 12,246 12
Due from banks subj to ck 188,127 28
cash on band... 80.265 75
Redemption fund 626 00
L1AHIMTIES
capital Stock 50,000 06
Surplus and undivided profits 68,26 22
circulation. , Iojioo 00
Dividends unpaid :io 00
Deposits 800,334 14
482,090 86
B. F. Allen, President
Will Wunweiler. Vk-Pridit
432,0M 86
T. M. Baldwin. Cashier
H. Baldwin, Ass't Cashiar
::::: The Leader
.H,.,. SAVE MONEY
I. MICHEL, Proprietor
Holiday
Goods Now Readv
CHOO- C:STT SiSZ
-- OFFICERS:
W. A. Booth, Frsildant
D. F.tTiWAiir, Vice President
O. M. CiKiNt, Cashier
DirteOTORS:
W. A. Booth, O. M. Elkini,
D. F. Stiwawt
Transacta a General
Banking Businenn
Exchange Bought
and Sold
Collectiona will re
ceive prompt attention
Prineville-Shaniko Stage Line
Dally Between Prineville and Shanlko
HCHKDULK
IavM 8liniko, 6 p. m. Arri M at Printville ft . m.
Uavw rrinille 1 p. m. Arrive at Hlianiko 1 . m.
First Class Aooommodatlons
New Prineville Photo Gallery
Joiit 0Mnel in the old lmuKraph
building on eiut liilo Muin ntnwt
All the latest stylos ia Photographs. We have
Artura Finish. The best on the market All work
guaranteed. Trices reasonable. See samples.
I I FRV P- :
I HOTEL PAUUNA
f . ELMER CLARK, PR0P R.
Modern Conveniencna. HpetiHl
Accommodations for Com nierciiil
Men. Feed and Livery Htable in
Connection. Ratk from $1 to
$3 PER OAT.
Paulina, Oregon.
gd8 m m m m teetses m sea ss seem
lit of
la: I
OME lo us whether you are ready to buy or not, We are head
quarters. lhis season weare belter prepared than ever before t
I.. . !! IT I. l w r t
auppiy every possiDie want in Holiday Merchandise. l his is the resu
some carelul Dlanninn and ski lllnl nnvinn Cnw ...nr. .I,.-!. . I I : f I
o vui nruiiuciiui UU.11IIKS5 Ol Id:
year set a high mark, but now with your help we are going to make a new recor
OUR JEWELRY LINE
You can't begin to think about presents without thinking of JEWELRY
X.n a...... 1 . 1 .1 .1 . .til a
...my anu so vanea are trie things included under the term that
gilt lor everyone you wish to remember might be found in this one
alone. Let me show you all the beautiful things in Jewelry lhat I
gathered for this Holiday Season.
a
line
have
ybZllyt' We Wl" glV8 yu-F"-n Standard Talking Machine. We furnish
j THE LEADER
New Prineville
Hotel Building
PRINEVILLE, OREGON
Timber Land, Act Jane 3, 1878.
Notks far Pslicslioa
United States Land Office,
The Dalle, Oregon, Kept. 21, 1907.
Notice in hereby given that in com
pliance with the provinion of the act of
Congreaa of June 3, 1H78, entitled "An
act for the aula nf timlwr lamia In t.
State of California, Oregon, Nevada
ana Washington Territory," an ex
tended to all the Public Land States
by act of August 4, 1892,
K 1 1 A. IConvnn
of Redmond, county of Crook, State of
yreKdn, (ids nun uay nied in this ollice
her .worn statement, No. 4.132, fur tho
purcnase 01 meivjfc MWi and Zi SE
of See. 10, In Tp. 13 south, range 15
oust U l .,..1 .. -I .. T
ihow that Ihf land nought is inrval-
uau.e tor its timuor or stone than fur
.'.gruiiltunil 1 nrrwHcs, arid to fwtahliali
her fiiiim to paid innd lf,.re ihe I
county ,:iM i, at 1'rir.t-villf., Mrcaon. oh
inn i.j.ii iay in iiw::iit fr i'" . r""--
r., La.c'i 7, ' '- i t . h- ,i v- '. '1
Aiiy ui.d ml peidoni'c'Vi iv.ii.i.s. ,;
v')TH'iy tho al.'V-ilfHoiitj'ii lar.-la am I 1, '
i rfnnHl..l ft- fllu rli..i. ..V.l.i. :.. il. ..V
lollice in; or t.'fr.ic i-.uid l.'lth iliiy i1 .0
li'i:iiil,f?r, i'.)U7.
10 Kip C. W. MO( )!(,;, R.vintyr.
- 1 1 .1
City ProDtjrt for Sle! !
Desirable residence locutions in different
parts of Prineville, improved or unim
proved, in lots or blocks. AIho some choice
business lots on Main streets, near the
center of the city. For particulars address
Box 284, Prineville, Or. 7 25
Men's Suits, Hats and general
Furnishings at about half Drice at
Clifton & Cornett
Successors to R. E. Simpson
SCHOOL SUITS
Finect Line in the City
School time it here and anxious mothers want
to know where to get the Best Suits for the
least money. Come to our store and cease
your anxiety.' We have all kinds, all prices
and can fit any bojrf
THE HAMILTON BROWM
nogs ir
(!)
SI
Uxii't; ' Lines
We have other Bargains, too
ND GIRLS
Price
as .W.
s mffiit 1
0 ffi
r
J. E. Htewarta & Co.
mm m mm m mrm$m mi m mi mm