OREGON CITY COURIER-HERALD.
FRIDAY, JANUARY Sfr, 1901.
Oregon City Courier-Herald
By A. W. CHENEY ;
tfiutrre 1 In Oregon City puntofllce as 2 ud-class mutter
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OREGON CITY, JAN. 18, 1901.
A GRiU T CONSPTRA C Y.
It ia not without reuson that tha Jem
ocratic party angrily resents the at
tempt of Grover Cleveland to pose aa
the oracle of a "reorganized" or "re
formed" democracy. The utterly dam
nable part he took, aa a tool of Wall
Street whether ignorantl; or purposely,
it matters not in prtcipitating.the ter
rible panic of 1893, with the object of
forcing ar. unwilling congress to repeal
(he Sherman silver-purchase law, has
not been forgotten by democrats.
Proofs are not wanting that the panic
was the result of a conspiracy hatched
ia Wall Street, and that Cleveland was
privy to it. A prominent New York ti
Jiancial journal said some days after the
presidents inauguration : '
'"Ibe quickest, if not the only way to
repeal the silver purchase law is to pre
cipitate a panic upon the country, as
nothing short of this will convince the
silver men of tneir error, and arouse
public opinion to a point which will
tmpel the next congress to repeal the
Sherman law, whether it wants to or
n )t."
Before Cleveland had been inaugu
rated a week lie predicted :
"This country 'is going to have the
hardest times during the next six
mouths it has experienced in many
years. What the country
needs and must have is an object lest on.
We must have hard times and business
failures and bankruptcy und a certain
amount of distrrss before congress will
realize its duty and perform it. I pro
pose to give the country an object les
son." .
At atiout the same time the Ameri
can Bankers' Association issued a cir
cular to the naiional banks of Hie coun
try, in which these directions weregiven.
Here the devil shows his cloven hoof:
"You will ut once retire one-third
your circulation und cull in one-half
your loans. Be careful to make a
money stringency felt amons your pa
trons, especially among influential bus
iness nun. Advocate an extra session
of congress for the repeal of the pur
chaseclause of the Sherman biw.
The future lilt) of national banks as
fixed and sale investments, depend.) up
on immediate actum, as there is an in
creasing sentiment in favor of gnven
mental legal tender notes and silver
Coinage."
The biiukc is succeeded but too well
in manufacturing a panic. Discount
in Now Yoik banks bad more than
doubled by the middle of the year lS'.tU,
und their outstanding leans decreased
$41,000,000.
Mr. Carlisle, one of the ycntlenioii
who wants to help Cleveland in reform
ing the democratic poly, at tint time
(secretary of the Ire isnry, attended tlio
liauk iiresidrfnla' c. inference ".u NViv
York iu April, 1813, ac which he said
hul "(he country was buffering froiu u
vicious silver kw, and lis blieved that
the only way to bring the silver favoring
community to a realization of the evil
contained iu the law was to per
mit .hem to have an experience with
the bufliuMs depression it win bound
to cause."
In a speech i:i Hie M'Mite on August
2!Hh of that yet.r, David 1.1. Hill nid :
"They (the bankois) inaugurated the
fwliey oi refusing loans to the people
even upon the best security; and at
tempted in every vw,y in npread disaster
liroadcast tluounhoui the land."
The president and bis secretary of the
treasury played into the hands of the
H'onspiiator-i by permitting them to de
plete the treasury of gold and increase
its slock of i-ilver.
It was well understood by those "on
the inside" of the machinations that
preceded the nomination for the presi
dency of Cleveland in'VW, that the nomi
nal issue only of the campaign was re
form of the tariff, but the actual i-sne
was the repeal of the Sherman silver
imrchase law, snd that levchind was
pledged to the bankers ho elected him
to accomplish that object. It was only
to fool the fool voters that the nominal
isaue was tariff reform.
o successful was the conspiracy, and
so little occasion was there for the wide
spread disaster and distress consequent
that in his message to congress, at the
special session in August, Cleveland
truthfully preeented the situation when
he said :
"Our unfortunate financial plight is
not the result of untoward events, or of
conditions related to our national re
sources. With unusual invi
tatiou to safe investment and with sat
isfactory assurance of bnsiness enter
prise, suddenly financial distrust and
fear have sprung up on every side."
The financial cataclysm produced
greater destruction than those who pre
cipitated it intended. It reacted on
themselves and had laid out by October,
1893, 150 national banks, with liabilities
of over $71,000,000. During the 30 years
preceding, 181 national banks had failed
with a capital of $33,000,000. The lia
bilities of the 15,242 failures in 1893 were
$340,779,889, which was the greatest
agreate of such losses in one year in
the history of the country. Three mil
lions of men were thrown out of work
and the suffering caused by want during
the winter that followed was indescrib
able. The bankers' conspiracy succeeded.
They conquered the country. Congress
groveled at their feet and repealed the
Sherman law.
This event, the panic of 1893, demon
strates how fully, how completely, the
country is subject to the money power,
and how helpless the country is in its
hands. The money power dominates
us in every relation. The fedual age
has returned, not in name, but in fact.
The foe with which it must grapple is
modern democracy. 1
THE PHILIPPINE QUESTION.
Not content with the wretched war
policy in the Philippine Islands that
will demand an army of 70,000 men for
years to come,1' as the president's spokes
men admit, the administration is fur
ther complicating matters in the islands
by interfering in the religious relations
of the inhabitants, which cannot fail to
aggravate the situation. The Ameri
can newspaper, Freedom, published in
Manila, gives us an idea of the bad work
the Tsft commission has done. It states
that the public schools have been placed
under the control of the friars, who, ssyi
the Democracia, a loyal native Manila
paper, are the cause of nearly all the
trouble from which the natives suffer.
The gravest blunder that the admin
istration committed in meddling in a
delicate matter that was none of its
business, was the order issued by the
provost marshal of Manila that the
Democracia retract certain statements it
had made in regard to the religious con
troversy. The paper replied that it had
nothing to retract as it had printed the
facts, and sent a handbill to each of its
subscribers stating that it would suspend
publication until bucIi time as it had
been found out by what system Jul
tiee was administered in Manila. The
solicitor-general of the administration
said in his brief iu the Porto Rico case
that not all the provisions of the consti
tution are in force in the Philippine
islands. It must be that suppression of
freedom of the press comes under one of
the provisions of the constitution that is
not iu force; if s, what remains in foice
over there of the constitution is equal to
zeio.
HEARD IN NATIONAL GRANGE.
"The interstate commerce com mission,
in their latest report, give the amount of
railway capital outxtandingon .luueSOth,
1899, us $11,033,954, 808, an average of
tOO ,659 permiloof line. The actual
money cosl of the average miie of mil-
road in I lie country .has been about $'.'0-
0i 0; all above that amount up to the
t(iO,55(i is 'waier.' two dollars out of
every three, or a total of t7 ,355,0(10,932
above the actual cost. And in order to
pay dividends on this vast amount of
"water, the people are taxed in high
freight and passenger rates. It must
lie remembered that the Gould and
Vauderbilt millions were "jnuuV in
tkis way, and with these millions the
young heiresses buy the counts and no
'couuts of the old woild.
"flow add to these railroad millions of
'watered' stocks the 'watered' stocka
of the 400 tiusts for which the
i -
are also taxed higher p'ices lo pay dlv
jdoiids, and wo have a system of privaie
and corporate taxation that no govern
ment could enforce without revolution.
lL,l,.i,.,.., Illicit . .
"ul"l)i ioi';, expori rate on corn
from tha Mississippi river to Now York
corn
was 13 i cents a hundiel pounds; iu
February, 1900, tha rate win 23 cents a
100 pounds, a difference of cents per
100 pounds, or practically o iVll,8
bushel on corn. Which of these i ales
was light? The 13',' cent rate was vol
untiirily made by the railroads, and it is
fair to presume that th,y could cany
corn it tluit r,.r, ...i
T. " , " '' I'roilt.
The fanners of the United States mow
"On ooo non I i . i . .
uumieis oi corn HI ISO!'
and as the price of corn is affected all
over the country by the cost of trunspoi
Ution.outot this one crop tin- 80lli g
value was reduced by the action 0f the
railroads $132,000,000, and this. lodi
without the farmers having cue word to
say about it. Protests are unavailing.
An niiiutul ft. tit... j.. .
i- 'ieriate commerce
commission, under lh uresem 1. '
me present law, does
no good, as the decision of the fupreme
court in 1897 g! vps tbpm no power to
fix rates or to enforce a just one." Ex.
Our state legislature should pass a
hill protecting all kinds of birds which
destroy the insect pests of the farmer.
A bill of this kind has been introduced
into the California legislature.
KING OIL.
In California oil is king. Previous to
the year 1876 the annual production was
175,000 barrels. Ten years later it was
377,145 barrels. In 1896 it had increased
to 1,252,777. The production for the
year 1899 was 2,292,123. The reid activ
ity in the oil fields commenced about
two years ago, and last year the produc
tion amounted to 5,000,000 barrels. At
the present rate, that amount will be
doubled this year. The increase in pro
duction is phenomenal, but the en
hancement in land values is simply
astounding. Thousands and thousands
of acres two years ago went begging at
government prices, and holders threw
up their hands when the tax gatherer
made his appearance. Farms were
abandoned as being worthless, sheep
ranges were deserted, and the so called
desert lands that were considered abso
lutely worthless for any purpose were
severely let alone. Today those, same
lands are in big demand at from $1,000
to $10,000 per acre, and these prices are
not deemed extravagant. One oil ex
pert gave it as his opinion, based upon
lose calculation, that proved oil lands
had an actual cash value of $30,000 per
acre. Another expert claims that the
proved oil lands of Kern county are
worth $50,000 per acre.
Of course between oil production and
enhancement In values there is great ex
citement and lots of money being made,
and California is producing a big crop of
new millionaires. There are also a lot
of "might have beens" who are relating
their doleful lays, and among them are
some of San Francisco's leading citizens
who are supposed to know a gjod thing
when they see it. The latest is in the
ssle the other day of a 160-acre tract for
$480,000. Eighteen months ago oil was
discovered in the vicinity of this tract
and a bioker named Shaw on the
treugth of the discovery, endeavored to
tell the land at $2.50 an acre. He was
laughed at by our knowing ones, but
there is a difference now.
A year ago Bakersfield man named
Hewitt came up with some McKittrick
land which he tried to dispose of for a
few dollars per acre. Failing in this,
he undertook to promote a few oil com
panies and asked a life-long friend,
named J. U. Underwood, to join him.
The latter declined and today he is
struggling to get some oil interests.
while Hewitt is drawing down $10,000 a
month from what he has left in the
property. An oil man named Wright
offered Underwood a forty-acre tract in
the Kern river field if he would help sell
stock in a newly organized company.
This offer was also declined and those
forty acres today are worth $200,000.
California today has the biggeit oil
field in the world and it is going to
make a big difference to the state and
the Pacific coast. Those who fear that
the supply is going to exceed the de
mand, need only consider the fact that
as a fuel oil is neaily one-half cheaper
than coal. Last year there were im
ported into the state 7 000,000 ions of
coal. To replace this the oil production
must be 21,000,000 barrels, three barrels
of oil equalling in bulk one ton of coal.
13. S.
,1 Let er from the Capitol
Salkm, Ore., Jan. 20, 1901.
Editor Cornier Herald : I presume
your readers would like to hear from
the legislature occasionally eo I am Ink
ing the troui'le to keep you informed.
As to senatorial tight it is hard to sy
how l he mailer will adjust itself, hut if
oulside talk is anything to ju due from
Mitchell would bo the man. .VleUrido's
fiieiids are up 'nanus, and Corhett's
frieuils are pu'ting up a strong right lu
case they cannot come to terms on joint
ballot Fulton may come in as a compro
mise, , hy the way, Fulton is an able
in h n , und makes one of the best presid
ing ollicers the senate has ever had. Yet
MiU'liell has first place in the hearts of
the people of-Oregon, and we believe the
senate would be for him,
ti lite a nil n'lcr of CI ick mi vs c unity
pei pie art here; W, W. smith, door
keeper; K. P. Carter, clerk on the com
mittee; K.O. liackett mii I F. M. Purl-
inn are clerks on li e part of the senate to
investigate matters leluting to school
lands nod scho l funds
Visilnii! i he peiiueiuia-y with a nu'ii- I
her of others, we ni ' Gene S'lepird,
lornierly of O.'V'ii City, walk'n' lun-k j
and foi th on i hf) wall with ;i 'V mcle s-.
lei. In n Iniilol hy u.s, sai I he W"iiM j
like to have a talk with u-., lut. rules!
prevented. Wf (.' A. tlei derson,
iUielH'
.., i.H
1 "
in in fiom . 'tacK tnias He seems
eniing we 1" con-iilei iu: lie h e
b en lin;e some mi or Seven years lie
bus an exc llenl record Ih'li tar lor con
duct, and ha- hopec o, h ing p.rh iied.
By the wav H. L. 1'itter-ou n.n em
ployiin nt here in the iieiii'eiuiury. He
belongs in our county, hut ii no an in
i ie walchnian.
Iu the house i ur eoUutv is well !ei.
,ow,"u UK'' '"sser, Krus-, I'aihe.t
,nd Hedgestakm the lead. O .r friend-
1
E. C. Chapman, of Clackamas, being
doorkeeper, while J. L. Swafford, of Ely,,
is a clerk.
Senate and house were both settling
down to business when they adjourned
Thursday afternoon to meet Monday at
2 o'clock, p. m,
A sample of rapid w irk was given
when Brownell introduced a bill one day
appropriating $2000 to defray expenses
of a committee of Indian War Veterans
to be lent to Washington to try and se
cure passage of pension bill now pend
ing in congress. It was read first and
second times when introduced and re
ferred to a special committee. This
committee reported fovorably the next
morning and it passed.
Speaking of C'ackamss county people
reminds us that our old-time friend, J.
B. Day and family, are here, and have
been for several years. Mr. Day.is en
gineer, I believe, at the blind school.
C. A. Holmstrom, another of our
Clackamas county friends, we find here.
He has been here aa night wa'chman in
the capitol for two years past and ins
pects to remain foi two years more. His
daughter, lamie, expects to graduate
from the High t-chool in a few weeks.
In conclusion let ine say, Mr. Editor,
that our delegation will do credit to
the.nselvee and us.
H. C. E.
LOCAL SUMMARY
The latest out Try the marshmallow
kisses at the Kozy Kandy Kitchen.
Part of house four rooms and water
for $5 per month. Inquire at Courier
Herald office.
Shank & Bissell carry the most Com
Dlete line of undertakers' snmiliei in
Oregon City.
A brand new top h iggy for sale at a
sacrifice. Inquire at Courier-Herald
office.
R. L. Holman, leading undertaker
two doors south of court house, Oregon
City
' $20 to $100 to loan on ch tol or per
sonal security. '
Dimick & Eastham, Agts.
If you want good wood from large yel
low fir timber, order of C. E. Stewart,
Carus, or E. H. Oooper, Oregon City.
Thos-fine Oreon City lots: 1, 2, 3
and 4, of block 82 and 5, 6, 7 and 8, of
block S3; lots 65 x 110, all fenced, level
and cleared ; only $225 each, $100 cash,
alance to suit at 7 per cent . 504, Gold
smith street, Lower Albina, Poriland.
Dr. J. Burt Moire is no prepared to
answer profeasional calls. OHiee tem
porally ai residence, 10th street, near
JoTerson, Oregon City.
Kozy Kandy Kitchen, up to date n
home-made candies. '
The latest in chocolate of all kinds at
the Kozy Kandy Kitchen,
A few watches for sale cheap at
Younger's. Watches cleaned, $1.
The finest bon hon Itoxes in town at
K. K K
When you visit Portland don't fail to
tret your meals at the Royal Restaurant,
Firt and Madison. They serve an ex
cellent meal at a moderate price; a good
square meal, with puddini; and pie, 15c.
Dr. R. B. Beatia, ilen'al offices, rooms
15 and 16, Weiuhnrd building.
To Loan on Farm Property $500,
$1000, $1500, at 7 per cent, one. two or
three years. Dimick k Kast.ham, law
yers, Oregon Citv Oregon.
Rheumatism.
Nobody knows all about it;
and nothing, now known, will
always cure it.
Doctors try Scott's Emul
sion of Cod Liver Oil, when
they think it is caused by im
perfect digestion of food.
You can do the same.
It may or may not be caused
by the failure of stomach and
bowels to do their work. If
it is, you will cure it; if not,
you will do no harm.
The way, to cure a disease
is to stop its cause, and help
the body get back to its habit
of health.
When Scott's Emulsion of
Cod Liver Oil does that, it
cures; when it don't, it don't
cure. It never docs harm.
The genuine has
this picture 911 it, take
no otfier.
If you have r.ol
tried it, send for free
sample, its agreeable
taste will surprise
you.
SCOTT & BOWNE,
Chemists,
400 read St., N. Y.
50c. and $1.00 ; all druggists.
...... Sft
oil , r 1
in vmr
Special Values in
Caimed
ire???? mmmw$?tfffmmmfmn4 '
YOU MM NOT KNOW IT
But the Best Stock of First-Class
Goods to be Found at Bottom
Prices in Oregon v City is at
HARRIS' GROCERY
i
I You Can
I Depend Upon
Patent Flour, made from old wheat. It
. makes the best bread and pastry and always
gives satisfaction to the housewife, Be sure
and order Patent Flour made by the Port
land Flouring Mills at Oregon City and
sold by all grocers. Patronize
Home Industry
Brown & Welch
The Seventh Street Meat Market
Keeps nothing bat first-class mats
and sells lower than others.
The Old Stand,' Seventh Street, A. O. U. W. Building
OREGON CITY, OREGON.
H. Bethke's Meat Market
Opposite Huntley's
piist-(?lass Pylcats of 11 Jirds
Satisfaction Guaranteed
Give I3irQ a (all ard be Treated ?ij&kt
Foresight Means Good Sight
If there ever was a truism it is exemplified in the
above headline; Lack ot foresight in attending to the
eyes in time means in the end poor sight. We employ
the latest most scientific methods in testing thp eyes,
and charge nothing for the examination. Dr. 1 hillips,
an expert graduate oculist and optican, has charge of our
optical department.
A. N. WRIGHT The Iowa Jeweler
J03 Jlorrison Street, PORTLAND, OREGON x
AlsiMPta M Misaiiag Co.
456 Parrott Buildinj, San Fransisco, Cal. '
CAPITAL STOCK $250,000. SHARES PAR VALUE $1
STOCK NOT ASSESSABLE.,
Lands in tlio Center of tin Vast Oil Fields of Kern Counly
Stock has doiihled 'in price and now offered at fifty
cents a share. Stock stild on
installment plan.
I. LEMAHIEU, Agent at 0;egon Cily.
1 '
S. G. SKIDMORE & CO.,
CUT RATE DRUGGISTS
151 3rd StrvLt PORTLAND, OREGON
Utaiiquarters fur
Drugs and Chemicals, Compounding of Pre
scriptions and Receipts.
Lov e t Prices o 1 P itent Medicines, Brushes, Soap ai d Rubber Good
11 llUuq yjjufiaij
1th Street
It's Easy to Stand -
OR WALK, OR REST
With your feet encasrd in our
Kloral Qmen $3.00 Shoes well
made, stylish, healthful, econo
mical. It's a 'wonder" in shoe
va ue. Ask to see it.
Dozen of other varieties foot
wear for all people and all purges.
KRAUSSE BROS.