Cttr Ubrwf
Court
CIRCULATION GUARANTEED LARGER THAN ALL OTHER PAPERS IN COUNTY COMBINED
COURIER ESTABLISHED MAY, 1883
HERALD ESTABLISHED JULY, 1893
CONSOLIDATED SEPTEMBER, 1898
OREGON CITY, OREGON, FRIDAY, JUNE 23 1899.
17th YEAR, NO. 6
Oregon
ertierald.
IS ray Your Trees...
With Carbolic Compound. It kills moths, wooly aphis,
Etc., Etc. Also for Spraying Hops and Shruberyy. We
4 are Agents for this County. '
T " We carry the largest line of Hardware, Stoves, Steel Ranges,
Agricultural Machinery, and Wagons Wood Stock in the Oity.
1 Special attention given to all kinds of job work and plumbing
POPE
4 UUIi. 4111 Anu MAin a I O.,
Our Money System.
(6.)
Written for the flourler-Herald by Argm.J
The zealous advocates of the gold
standard tell us that the new colonies as
they come under the stars and stripes
will have to be placed on the gold stand
ard. Of course if it ia good for us it
ought to he good for them, but will rais
ing the standard to gold give them any
advantage in the markets of the world
witli their produce. We are told that
changing the standard does not change
values ; that they will get the same aver
age values for wheat, tobacco, sugar
fruit, stock, manufactured goods, etc.,
but taking it in gold they will get less of
it, because gold is worth more than their
present silver money.
With silver at 43 cents on the dollar,
they will of course only get $430 for
wheat which brings them $1,000 in their
present money, and as Bauce for the
goose should be sauce for the gander,
will these new colony farmers be able to
turn round and pay a thousand dollar
mortgage with the $430, or any other
indebtedness at the same rates?
Ask our farmers what is their experi
ence. The people of the United States
are selling in the open markets of the
world af silver rates, i. e., at the same
average rates according to supply and
demand. On a gold standard they get
only 43 cents on the dollar, but if they
would pay their debts or taxes at the
same rates the cry of repudiation is
raised. What is extra good money for
the worker is no longer extra good mon
ey for the banker and his friends.
Carlisleln his" gold pamphletTpage
BELLOMY &
THE
How Can I Drape
My Lace Curtains?
Has been the question.
This illustration shows a Ruffled
Bobbinet Curtain with Point de
Paris Late and Insertion, and
shows what a handsome effect can
be produced at small cost.
Ruffled curtains should be used
as Sill Curtains, not hanging over
six inches below the sill, making a
graceful, stylish, washable and in
expensive drapery.
Our Granite, Tin and Iron Ware is
sold at Hard Time Prices.
No advance.
ig)ifHtl 0 CSZ3
The Habit of Buying Carpets at Bellomy & Busch's is a
good habit. It Is a rapidly growing habit with all Clackamas
Coun ty. It is a habit by which thousands save in their daily
monthly and yearly expenditures. It is a habit that becomes
more fixed the oftener people bay here, and the broad reason iB
niisfa.-tion. PeoDle are satisfied with our goods. People are
satisfied with our prices. People are
ti. ntnre. its manners and methods.
2TO
& CO.,
UKbUUIN CITY, OHE..
13, 14, proves that the open markets of
the world are at the old rates, that is,
they are still supplied fiotn silver coun
tries at the old rates, wages remaining
about the same in silver countries. On
page 15 he thus quotes the silver argu
ment: "Tho manufacturers of certain kinds
of goods in this country cannot continue
to pay their laborers high wages in gold
or its equivalent and compete success
fully in the markets abroad with the
manufacturers of similar goods in silver
standard countries, who pay their labor
ers low wages in depreciated silver."
We thank Carlisle for stating the case
for silver so clearly. His conclusion
that the manufacturers want to sell for
gold and pay their workmen in depre
ciated silver is worthy of the man who,
for the allurements of office, could turn
mountebank on so serious a thing as the
money question. The fact of receiving
gold instead of silver is the reason they
have got bo little, only 43 cents on the
dollar.
The leading statisticians show that the
same amount of gold will purchase more
than double the quantity of an average
of our leading products than it would
have purchased 25 years ago. Gold will
also purchase more than a double quan
tity of silver, and as halves of the same
thing are equal, therefore silver equals
the price of general products, or the gen
eral markets of tho world are still at sil
ver values. But our farmers have had
enough experience to prove this; wheat
is down again to 50 cents, cotton and
wool, notwithstanding the Dingley bill,
persist in a low level, and fruit is no
where," bur "when our-tarmers get no
HOUSEFURNISHERS
Copy-";
Bowl and Pitcher,
plain ware, $1.00
satisfied with the ways of Portieres, Pair
$1-75 up.
IIsT
Baking Powder
Made from pure
cream of tartar
Saf eguards the food
against alum
A.um baking powders are the greatest
menacers to health of the present day.
ROVAl BAKINQ POWDCR CO.. NEW YORK.
so jnte for a bushel of wheat, a So-th
American farmer gets $1.16 with silver
43 cents on the dollar. With bi-metal-ism
we should get the same, but taking
our money in gold we gut only 43 cents
on the dollar and are told it is so much
better money.
Socrates on Argus,
(2)
We cloeed our laBt article by saying
that value cannot be measured bv gold,
silver or paper, and we purpose to hold
strictly to the text. These substances
within themselves are utterly valueless.
I would like to ask Argus how his
school teacher taught him to measure
value when he first went to echool? Did
he tell you that gold and gold make
gold; that silver from silver and silver
remains; that paper times paper are pa
per? Oh, no, Argus will say, he never
taught me any such nonsense aa that !
Well, sir, if ho had done so he would
not have been any more nonsensical
than a great many people are today.
They talk of the intrinsic value of gold
and silver, and gold and silver as a
measure of values, when the truth ia
they possets neither of these powers.
But how did your teacher teach you to
measure values? He taught you that
1 cent and 1 cent make 2 cents, did lie
not? and 5 cents and 5 cents make 10
cents, and 10 times 10 cents make 100
cents and 100 cents make one dollar by
which process you can measure as many,
mm o doHArs as you choose. " "
BUSCH
Novelty Curtains
With every purchase of at least
one pair of Lace Curtains we give
a little picture showing a simple
but very artistic style of draping
bay windows.
Price ol Novelty Curtains:
$1.50, $2.50, $2.75 and $4.00.
Hammocks from
75c to $475
Extension Tables $3.73 up
Fine Ash Side Boards $10.00 up
ill SSife
OUE; PRICES
Now, sir, when this government, or
any other government, places its stamp
on gold, silver or paper for $100, then
this metal or paper becomes a repre
sentative measure of values to the
amount of $100. Remember the metal
or paper is not $100, but the figures it
carries on its face is $100.
But now Mr. Argus is ready to shout
where is your bsis for this $100? Its
basis is the government. This you nd
all other intelligent men' ought to know
without being told. A government that
hasn't wealth enough to back up a cir
cuiting medium sufficient to cary on
its bus'ness is in a deplorable condition,
something like the United States is at
pre cent, and needs a band of long head
ed blood-sucking gold bug's to take hold
of it and straighten it out.
Do you sf-k r n what do gold and sil
ver depend for their value? They de
pend on the demand, Tke all other com
modities, and their value is measured
by dollars and cents. This is a correct
measure and can neWier Vie lengthened
. 1 1 1 ,i ,.
or Miunt-neu. Hence 11 we measure
value by cents and dollars, everybody
will get value in full.
Now, aa paid before, this money be
comes a representative of wealth and an
infallible measure of value just as one
legislator may represent hundreds of
people in our legislative halls. So this
$ 100 may represent hundreds of dollars
of wealth ; indeed the more wealth the
$100 has behind it, the better the $100,
and it measures value just as this repre
sentative measures out laws for the peo
ple's needs.
Now, Mr. Argus, don't missunder
stand. I do not claim that intrinsic
value is in this $100. No, sir; intrinsic
value is altogether another thing. I
will define intrinsic : Internal, genuine,
inherent, essential, )eal. Then real
value will cover the ground. Now, let
us see : is there any -Veal value in $100
alone? Take everything out of the
world but the figures 100, then try and
see how much real value you can get out
of them. You would get just about as
much as you did out of goM and silver
in our last article, for there is none in
them, not a particle, nor neither do I
claim that there is. They are only a
correct measure for value, that is ad,
and it makes no difference what kind of
uiatifianthe government stamps them
K"vCMI n T-rn Trrti: n i rmui
up with its jdgnature, for then all sensi
ble men kriow that the government's
wealth is behind it and that it is good.
ay, Argun, why do gold men clamor
after United Stales bonds? Can you
tell me? If they get gold in their pos
session they convert it into bonds as
qn.'ekly as possible. Why do they do
this? Now I can take 100 cents of this
measure of value and go and buy $1
worth of wheat, then, my dear sir, I am
actually in possession of a dollar's worth
i intrinsic value.
It took us a long time to get here, but
here we are. Yes, I can buy t. dollar's
worth of coffee, sugar, bacon, rice, cloth-
ng, land, even gold, silver or paper.
But why go on? lean buy anything in
the world with it. Why, my dear sir,
all the business transactions of the
world can bo carried oil with this repre
sentative sgent, and yet it doesn't pos
sess one iota of intiinsic value.
There are thines in this world that do
possess intrinsic value, and we purpose
to discuss them next week.
Socrates.
Restricted Currency.
Editor Courier-Hkram) :
A few years after the panic of 1873,
Congress appointed what was railed the
Silver Commission, whose duty it was
to investigate the ciuse of the hard
times then prevailing all over our be
loved country. The appointment of
that commission by Congress has al
ways seemed to the writer a very re
markable display of ignoronce, If Con
gress did not know what caused the hard
times, when but a few years previous
the best times ever known had prevailed
when there was from forty to fifty dol
lars per capita of legal tender money in
circulation, but in the few years inter
vening, by an act of congress, , a large
volume of the circulating medium had
been destroyed, hence the hard times.
The commission was composed equally
of republicans and democrats, who vis
ited many if not all of the states and
principle cities and took testimony from
the people everywhere in regard to their
condition. In their report to congress
the commission declared without hesita
tion that the hard times were caused bv
the shrinkage in the volume of money
in circulation. The commission made
no claim of discovery that scarce money
was the cause of panics and hard times.
but simply stated the fact as known by
every sensible person who has studied
cause and effect of the money question
We cannot believe that our congress is
composed of such ninny heads as they
by their acts, seem to , be when the
money question is under discussion. It
is evident that there is some powerful
attraction or repulsion that causes our
ones Lever
This celebrated binder has gained an enviable reputation in the last four
years in Oregon. It represents lever power as applied to binding grain. It wil
run ugnier, last longer ana bind tighter than any other binder in the market.
ine jones v-nain urive loot int mower
uuittuie. v iu cut neavy grass wun ease.
I also carry a full line of Hay Rakes, Tedders, Hay ToolsAdvance Thresh
ers and Traction Engines, John Deere Plows, as well as a full lir e of Agricultural
Implements and Vehicles. Call and see me before buying.
" u,i"1"' 1 ... '"!
EDWARD
Corner Front and Taylor Streets,
legislators to sway out of the line of
equity toward capital and capitalists. If
legislation was always Impartial, mo
nopolies and trusts would not curse the
land by a license to cheat honest indus
try. Why do the voting masses, many
of them, vote for what the Bharpers
want? The sharpjrs want condition s
in trade just opposite to what the pro
ducers want. Moneved men generally
advocate the gold standard, which coin
pells low prices in everything except
money, for then their high priced money
will buy from two to four times more of
valuable property than cheaper dollars
would buy, consequently dear money
compels the producer to work from two
f ' -1 1 r. - -1 - 1 .1. n
he would when the dollar was elicapeTT1cctrTennrnt
The gold standard advocates accuse the
advocates of a larger supply of thecircu
luting medium of wanting to cheat their
creditors by paying their debts in fifty
cent dollars.
Let us investigate the condition of
affairs during and for several years after
the civil war under the greenback sys
tem, when money was plenty and prices
were high, when Secretary McColloch
announced "lhat the people were mostly
out of debt." In those prosperous ties
few if any mortgages cursed the farmers
If a producer wished to buy more land
or make improvements of any kind, he
could safely borrow the required money
with the assurance that tho high prices
trWt
cial
Soe
1
Seven
Of the Great
Southerland
Remedies
Is Now Being Shown at Our Store
You can see the ladies and their beautiful hair and
talk to them. They will demonstrate to you how to
properly care for your hair.
This Exhibit closes
Saturday Evening
and you should not miss the opportunity to
SEE AND TALK WITH THEM
C. G. HUNTLEY ......
Druggist
OREGON CITY, OREGON
Binder
has no back lash, runs light ai
: and is very
HUGHES
P0RTLAMD, OREGON
would surely liquidate thrt debt within
a short time. There was no thought or
talk of a metallic standard, there being
an exclusive legal tender paper currency
Then the newspapers were mostly free
of advertisements of land sales under
the sheriff's hammer, so different from
the present practice under the gold
standard. The declaration that the ad
vocates of more money wish to cheat
their creditors comes witli ill grace from
the gold advocates, who have been
guilty of unduly contracting the curren
cy that the debtor have been com
pelled to pay double the amount of
money that they agreed to pay. It re
quires tiow more than twice the labor to
tion because prices for production has .
been lessened more than one half. In
reality the advocates of a larger volume
of money are simply striving to estab
lish a more humane system of exchange
that will enable the unfortunato victims
of the g"ld craze to pay their debts and
save their homes. History informs us
of the deplorable condition the people
sank into during the dar'c ages became
of the scarc'ty of t' e precious metals of
money for the globe' was crippled, be-
t jre a century h 1 1 olap'B I tho price ol
every species of produce was quadrupled.
The weivtht of debt and taxation insen
ci:)ly worn off u ider that prodigious in
Coutliiiiuil on 4ili Page.
Exhibit
4
8
Results of
Sisters'.