OREGON CITY COURIER-HERALD. FRIDAY, JANUARY 25, 1901.
Oregon City Courier-Herald
.', By A. W. CHENEY i
irittrel in Oregon Citypostolliceas 2iid-clus mutter
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PATRONIZE HOMK IKDUSTRY
OREGON CITY, JAN. 18, 1901.
A GREAT CONSPIRACY.
It is not without reason that Mm dem
ocratic party angrily resents the at
tempt of Grover Cleveland to pone as
the oracle of a "reorganized" or "re
formed" democracy. The utterly dam
nable part he took, as a tool of Wall
Streetr-whether ignorantly or purposely,
it matters not in prtcipitating.the ter
'rible panic of 1893, with the object of
forcing ar. unwilling congress to repeal
the Sherman silver-purchase law, ' has
not been forgotteu 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 fi
nancial journal said some days after the
presidents inauguration :
"The 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 their error, and arouse
public opinion to a point which will
0mpel the next congress to repeal the
Sherman law, whether it wants to or
nt."
Before Cleveland had been inaugu
rated a week tie pre ticted :
"This country is going to have the
hardest times during the next six
months it ' 1ms experienced in many
years. " What the country
needs and must have is an object lesson.
We must have hard times and business
failures and bankruptcy and a certain
mount of distrrHS before congress will
realize its duty and perform it. I pro
pose tcf Klve the country an object les
son." At about the same time the Ameri
can Bankers' Association issued a cir
cular to the national banks of the coun
try, in which these directions were given.
Here the devil shows his cloven hoof:
"You will at once retire one-third
your circulation and call in one-half
your loans, lie careful to make a
money stringency felt among ' your pa
trons, especially among influential bus
iness men. Advocate an extra seBBion
of congress for the repeal of the pur
chase clauae of the Sherman law.
The future lile of national banks as
fixed and safe investments, depends up
on immediate action, as them is an ill'
creasing Bontiineiit in favor of gnven
mental legal tender notes and silver
Coinage."
The bankets sueeuedod but too well
iu manufacturing u panic, Discount
in Now York banks had moie than
doubled by the middle of the year 1893,
and llieir outstanding leans decreased
111,000,0(10.
Mr, Catlinle, one of the gentlemen
who wants to lielp Cleveland lit reform
ing the democratic p trty, at th it time
secretary of the ireisury, attended the
bank uroHiclenU1 c inference in New
York iu April, 1893, ac which he said
Unit, "the country wus buffering front a
vicious stiver Uw, and ho bulieved that
the only way to bring the silver favoring
community to a realization of the evil
contained ia the Uw was to per
mit ilium to have an experience with
the business depression it was bound
to cause."
In a speech in the senate on August
2tl of that yei.r, David 1!. Hill aid :
"They (the bankets) inaugurated the
policy oi refusing loans to the people
even upon the best security; and at
tempted in every tthviohpread disaster
broadcast throughout the land."
The president ami his secretary of the
treasury played into the hands of the
'ouNpinitois by permitting them to de
plete the treasury of gold and increase
its slock of silver.
It was well understood hy those "on
the Inside" of the machinations that
preceded the nomination for the presi
dency of Clevoland lu'92, that the nonti
nalissue only of the campaign was re
form of the tariff, but the actual t-8u
was the repeal of the Sherman silver-
purchase law, Htid that ( levelund was
pledged to the bankets who elected him
to accomplish that object. It was only
to fool the fool voters that the nominal
issue was tariff teform.
fo 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 presented the situation when
lie said : . t?
"Our unfortunate financial plight is
not the result of untoward events, or of
conditions related to our national re
sources. With unusual invi
tation 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
aggregate 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
ns in every relation. The fedual age
has returned, not in name, but in fact.
The foe with which it must grapple is
modern democracy.
THE PHILIPPINE QUESTION.
. Not content with the wretched war
policy in tin. Philippine Inlands that
will demand an army of 70,000 men for
years to come, 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 ideaof the bad work
the T'aft commission hasdone. It states
that the public schools have been placed
under tho control of the friars, who, says
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
provoHt marshal of Manila that the
Democracia retract certain statements it
had made in regard to the religions 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 such time as it had
been found out by what system jtii
tice was administered iu Manila. The
solieitor-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 muBt be that suppression of
freedom of the press comes under one of
tho provisions of the constitution that is
not in force; if so, what remains in force
over there of the constitution is equal to
zeio.
HEARD IX NATIONAL GRANGE.
"The interstate commerce com mission,
in their latest report.give the amount of
railway capital outstanding on Jua29th,
1899, as $11,033,954,898, an average of
$00,659 per mile of line. The actual
money cost of the average mile of tail
road in the country has been about $J0
OtiO; all above that amount lip to the
$00,550 is 'water.' two dollars out of
every throe, or a total of $7,355,909,93'-'
above the actual cost. And in order to
pay dividends on this vast amount of
"water," the people are taxed iu high
freight and passenger rates. It must
be remembered that the Gould and
Yauderbilt millions were "made" iu
this way, and with theBe millions the
young heiresses buy the couuts and no
'counts oi lite old world.
"Now add to these railroad millions of
'watered Btoeks the 'watered' stocks
of the 400 trusts for which the people
are also taxed higher prices to pay div-
idciids, anil we have a system of urivute
atui corporate taxation that no govern
ment could enforce without revolution.
"February, 1899. export rate on corn
from the Mississippi river to New York
was KvSi cents a hundred pounds; in
February, 1900, the rate was 23 cents a
100 pounds, a difference of 9,'j cents per
100 pounds, or practically 6 cents a
bushel on corn. Which of these intes
was right? The 13 cent rate Wag vol-
untitrtly made by the railroads, and it is
fair to presume that th.y could carry
com at that rate and make a fair prolit.
The farmers of the United Stat
2,'JO),000,000 bushels of corn iu lsU,
ami as the price of corn is alf-eted ll
over the country by the cost of transpor
tation, out oi una one crop the Belli -g
value was reduced by the action of the
railroads $132,000,000, and this, too,
without the farmers having one word to
say about it. Protests are unavailing.
An appeal to the interstate commerce
commission, uuder the present law, does
no good, as the decision of the supreme
court in 1897 g'ves them no power to
fix rates or to enforce a juBt one." Ex.
Ova state legislature should paes a
Mil 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 reil 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 tliis 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, Bheep
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
close 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 good thing
when they see it. The latest is in the
sale 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
sell the land at $2.50 an acre. He was
laughed at by our knowing ones, but
there ib a difference now.
A year ago a 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. Uuderwood, 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 tie
property. An oil man named Wright
offered Underwood a forty-acre tract in
the Kern river Held if he would help sell
stock in a newly oiganized company.
This offer was also declined and those
forty acres today are worth $200,000.
California today has the biggest oil
field in the world and it is going to
make a big difference to the slate 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 nearly one-half cheaper
than coal. Last year there were im
ported into the state 7 000,000 tons 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.
11. 8.
A Let er from the Capitol
SALKM. Ore., Jan. 20, 1901.
Ktlitcr Courier Herald : I presume
your readers would like to he.tr from
the legislature occasionally to I am tak
ing tho trout le to keep you infotmed.
As to senatorial tight, it is hard to say
how the matter will adjust itself, but if
outside talk is anything to judge from
Mitchell would be the man. McHride's
friends are up 'nanus, and Corbett's
frieiKls are putting up a strong tight In
ease they cannot come to terms on joint
ballot Fulton may come in as a compro
mise, Hy the way, Fulton is an able
nit" n, and makes one of the beet presid
ing officers the senate has ever had. Yet
Mitchell has first place in the hearts of
the people of Oiegon, and we believe the
senate would he for hint,
Quite a nil 'ii 'n-r of Clack km is c unit y
people are here: V.W. Mnith, door
keeper; E. P. Carter, clerk on the com
mittee; E.C. Uaekett and J? M. Ihrl
iug are clerks on the part of the senate to
investigate matters relating to school
lauds and school funds
Visiting the penitentiary with a num
ber of otners, we sat Ueue Sheptrd,
formerly of Ovgou City, wa'kuw hack
and fort ti on the wall with, a Winches
ter. When bailed by us, sai I he wou'd
like to have a talk with us, hut rules
prevented. We s W A. Henderson,
the life in in bom .'lacKtmas lie seems
to lie "dealing we'l" considering he h is
been here some six or seven ye.ns lie
has an exc dlenl record thus far tor eon
duct, and lias Imp o; h log p ,r lone I.
By the way II. L. Puterou lus em
ployinetit here in the penitentiary. He
belongs in our county, but is no.v an in.
st.le u audi man.
In the house ur iviiuiy is well rep.
teseuted too, Dresser, Krns, Talbert
and Hedgestaking the lead O ir friend"
E. C. Chapman, of Clackamat", 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 irkjwas given
when Brownell introduced a bill one day
appropriating $2000 to defray expenses
of a committee of Indian War Veterans
to be sent to Washington4 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.
8. Day and family, are here, and have
been for several years. Mr. Day is en
gineer, I believe, at the blind school.
C. A. Holmslrom, another of our
Clackamas county friends, we find here.
He has been here as night wa'cliraan in
the capitol for two years past and ex
pects to remain foi two years more. His
daughter, Mamie, experts to graduate
from the High tchool in a few weeks.
In conclusion let me say, Mr. Editor,
thitour delegation will do credit to
thi.nselves and us.
I H.U. E.
LOCAL SUMMARY
The latest out Try the marshmallow
kisses at the Kozy Kandy Kitchen.
Part of house four rooms and water
foi $5 per month. Inquire at Courier
Hirald office.
'Shank & Bissell carry the most com
plete line of undertakers' supplies in
Oijegon City.
A brftnd new top b'iggy for sale at a
sacrifice. Inquire at Courier-Herald
office.
'R. L. Holman, leading! undertaker
two doors south of court house, Oregon
y
20 to $100 to loan on cha tol or per
sonal security. ,
; Dimick & Easthah, Agts.
If you want good wood from large yel
low fir timber, order of C. E. Stewart,
Carus, or E. H. Oooper, Oregon City.
v Those fine Oregon City lots : 1, 2, S
and 4, of hlock 82 and 5, 6, 7 and 8, of
block 83; lots 66 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, Portland.
Dr.. I. Burt Mo ire is now prepared to
answer profeasional calls. Office tem
porally ai residence, 10th street, near
JeTerson, Oregon City.
Kozy Kandy Kitchen, up to date r n
home-made candies.
The latest in chocolate of all kinds at
tjhe Kozy Kandy Kitchen,
A few watches for sale cheap at
Younger's. Watches cleaned, $1,
The finest bon bon boxes in town al
the K. K K.
When you visit Portland don't fail to
gel your meals at the U 'yal Restaurant,
First and Madison. They serve an ex
cellent meal at a moderate price; a good
square meal, with pudding and pie, 15c.
Dr. R. B. Beatie, denial offices, rooms
15 and 16, Weiuhnrd building.
To Lawn on Farm Property $500,
$1000, $1501), at 7 per cent, one, two or
three years. Oiiuick & Eastham, law
yers, Oregon City Oregon.
Rheumatism.
i
! Nobody knows all about it;
and nothing, now known, will
always cure it. '
j 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
i
j Cod Liver Oil docs that, it
j cures; when it don't, it don't
cure. It never docs harm.
The genuine lias
this picture on it, take
no other.
If you have not
tried it, send for free
sample, its agreeable
taste will surprise
you.
SCOTT & BOWNE,
Chemists,
4oq Pearl St.. N. Y.
50c. and $1.00 ; all druggists.
r v
IN VlHfir
we 4 St.
ftjttOCBSRT...
Special Values in
(GrOOClS.
1 YOU MAY NOT KNOW IT
t But the Best Stock of First-Class
" Goods to be Found at Bottom
Prices in Oregon City is at
HARRIS' GROCERY
You Can
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 buUirst-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 Hnnttey's
First-Glass Meats of 11 IJiQds
Satistaction Guaranteed
Give tjirg a (Sail ard be Treated ?iglt -
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 stgkt. We employ
the latest most scientific methods in testing the eyes,
and charge nothing for the examination. Dr. Phillips,
an expert graduate oculist and op' ican, has charge of our
optical department.
A. N. WRIGHT The Iowa Jeweler
393 Horrlson Street, PORTLAND, OREQON
Almoin SSI Milling Co.
456 Parrott Building, San Fransisco, Cal.
CAPITAL STOCK $250,000. SHARES PAR VAIUE ?i
. STOCK NOT ASSESSABLE.
Lands in the Center ci fti Vast Oil Fields of Kern Connly
Stock has doubled in price and now offered at fifty
cents a share. Stock sold on
installment plan.
I. LEMAHIEU, Agent at Oregon City;
' S. G. SKIDMORE & CO.,
CUT RATE DRUGGISTS
151 3rd Strvet PQKTLAND, OREGON
Ikaclquarters tor
Drugs and Chemicals, Compounding of Pre
scriptions and Receipts.
Lovet dices ot Pttent Medicines, Brushes, Soap at d Rubher Good
iub ' ma aw m w aw mm m
i
r
1th Street
SS4MA4 '
It's Easy to Stand
6R WALK, OR REST
With your leet encased in our
Floral Quren $3.00 Shoes well
made, stylish, healthful, econo
mical. It's a '-wru.dcr" in shoe
va'ues. Ask to see it.
Dozen of other varieties foot
wear for all people and all purses.
KRAUSSE BROS.