Oregon City enterprise. (Oregon City, Or.) 1891-194?, September 29, 1893, Image 4

Oregon City enterprise., September 29, 1893, Image 4

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Newspaper Page TextOregon City Enterprise. Published Kvery Friday. CHAS. MESERV12, PrnLISHKR AND rROl'KIKTOK. SUBSCRIPTION HATCH, One year, ....... 8lx months, ....... tbiw aunuas, Subaorlntiom Tahle la adrane. Advertising ratilrea ou application. tl on Catered at the P.mi omro la Oregon city. Or.. M second clau mutter. FRIDAY, SEPTEMBER 29, 1SW3. The KNTERI'RISK (uarantr a larger buna ad elrealation thaa that of th other tarn papers la the eooatj combined. stances, it seems rramii!t)l to excl that, when merchant l,aw recovered a UlUe mora from th U( aotitx shock, a brisk revival ofbusim'sa will sot in, ami possibly with some recovery in price from their present low lew!. The) recovery is not ex isted to amount to a mil resumption ol the prosperous activity that existed More the crisis ; but it Is not too much to hop that it may prove union quicker ami nio complete than that which usually follow periodi of panic. TJIE C OWE It TUHXED. AGENTS FOR Till ENTERPRISE. Oiweto, Cmn by, Clackamas, Milwaukee, Union Mill. Alms. Meadow Brook, New Era. Wilaonvllle, Park Place, Barlow, Gladatnoe, . Stafford. Muilno, Cams, Molalta. -Marquara, EuttevlUe Aurora, Orrtlle, . . Eale Creek, 8unnyside, Damascus, Sandy, Balnibn, Currinsville, Cherryville, -Marmot, 0. W. Pnvier Ueo. Knliht A. Mather Gary A Wlulue-er 0 J. Trullluiier K 8 Bramtiall Ch Hoi man W. 8. Newbrrry Heury Mlley namllton A W aahburn Mr. 0. A. Sheppard T. M. Cross J. a Gave. C. T Howard R. Ji. Cooper Annie Mtunoa. E, M. Hartmau B. Jenniiift - T. lileay lj rerun H. WilOern John Welsh J. 0. Elliott P. (touch Mrs. W.M. Mclntyre Geo. J. I'urrin Mrs. M. J. Hammer Adolph Aschotf THE BUSI.YESS OUTLOOK'. One of the shrewd observers and careful business men of New York is Henry Clews, the banker, who writes in the following strain concerning the outlook for the im mediate future: The general rerival of financial interests foreshadowed in our advices of the last two weeks has arrived. There no longer exists a money crisis. The city banks were, at the close of last week, actually above the legal limit of reserves (although the week's aver ages showed a slight deficiency), and during the past week they have made a further I gain of currency in their exchanges with the interior. They therefore no longer suffer from the restraints of the reserve laws and are on their way toward further large accumulations of money. Putting together the imports of gold, the new issue of bank notes and the issue of the tinted States notes against silver purchases, the country must now bare some 975,000.000 more cur rency than it had in the beginning of the depression. The hoarding by private per ons, by country banks and by savings banks bad prevented this accumulation from affording any relief. Now, however, the boarders have recovered, or are recover ing, confidence and are converting their cash into investments or depositing it in bank, and this large amount of money is naturally (lowing into ils accustomed chan nels and depositories W'e have therefore now reached the stage that follows periods of great stringency, at which the previously unavailable money flows into the custody ol the banks and becomes available for gen eral use. The stringency produces a con traction of business; that contraction diminishes the amount of money needed ; and there is then a redundancy of circula tion. In this case, the redundancy will be all the greater from the fact that the gold import and the lie Issues of bank notes are to a large extent a special incre ment. These facts now indicate that we are drifting with some rapidity toward an unusual glut of money. The first essential of a general revival of business is thus secured, and by a process which, because it is natural, may be depended upon. Upon this joint, however, the recovery 01 confidence in general business is behind that which has occurred in bankiug and financial circles. It is not to be expected that it should keep equal pace. For the disturbance of credit among merchants has been more extensive than that which has been experienced in Wall Street, and the niach nery of trade mores more slowly than that of finance; tbe trader moreover always has to wait for the readiness of the banker. The restoration of general busi- ness, however, cannot be mucb longer de layed. Already, the beginnings ol improve ment are apparent in all tbe leading branches of trade. There are more buyers in tbe markets, and although they are making inquiries more than contarcts, it is evident that they are in need of considerable replenishments for their stocks. It is many years sihee stocks of merchandise have been so light as at present; and this applies equally to the retailer, the jobber, tbe manufacturer and the importer. The stock of tbe last three months of depression has been too severe to admit of an immediate average demand from consumers; but it is safe to assume that the reduced ability to buy is not at all proportioned to the lowness of stock. For a large portion of the last three months, the production of many kinds or manufactured goods bad been reduced by one-half, and as a rule stocks in first hands probably do not exceed one month's consumption. As against this condition ol supplies we bave to set oil a large accu mulation of deferred wants and postponed buying together with a restored ability to buy. Tbe nature of the depression has been rather a temporary impairment of the instruments of buying than a destruction of the real ability to buy. Credit has been suspended, not from insolvency but from a transient monetary disturbance. The nion etary crisis having been virtually overcome credit revives, and the ability to buy and replenish stocks is restored. The actual buying capacity of the country has not been impaired at all proportionately to the ex tent of the depression; and therefore the condition is not at all comparable with that which follows a crisis due to over-trading speculation, Inflation and an extensive pre valence of Insolvency. Under the circam.' The doleful tale of trade depression and tight money which has been the prevailing topic In business circles for so many weary weeks has at last given place to a more cheerful strain of talk, according to the Metal Worker. Dating from the day on which the house of representatives decreed the repeal of the sliver purchase) law, an improvement in the business situa tion has been apparent Retlectlng at first in an easier money market, the better feeling has been expressed in Wall street by the re covery in the value of almost all securities, In the present week these encouraging signs have continued. The premium on cur rency has disappeared and money which has been loaned out of town by New York banks during the pinch is now flowing back from the interior. The banks of the flnan- cial metropolis have replenished their cof fers and are able to supply the needful funds for moving the grain and cotton crops as well as for all the necessities of their cus tomers. Besides these evidences of easier money, reports of financial institutions re opening their doors ior bustnese and of mills and factories starting up again after shutting down for varying durations are now outnumbering the list of banks and industries closing down or suspending which had become such miserable monoton ous reading a week or two back. The largo body of enforced idle labor is being grad- ually reduced by the reopening of works which are constrained to start their wheels again to fill orders coming in. Trade re ports, too, speak of Increased demand for goods in many line of manufacture, point ing to returning confidence among con sumers. GOODS IS BO.VD. Tin annual lair of the Unite Creek Pair Asscciatidtt convened in Marqunm on Thursday and If the weather will only prove propitious tlio fair will prove a suc cess In spite of the bad year and the wet sea son, The farmers have had crops tit least as good as ordinary and while ureseul prices for some of the cereals are not as good as could h desired the Prospect for butter prices is good, ami besides most of the farmers now realise that district fitira are calculated to bring them In more money than it takes to attend one for a day or two each season, as It make belter farmer of them and expands their Ideas, so that the attendance and interest will undoubtedly be good If the weather will but smile. Bi'KAKiNUof the plans of the Fast Side Electric road people the Salem statesman says: "There Is talk of extension of the Portland-Oregon City electric line, W ex poet to see such a line from Portland to Snlem In five years, and tli Willamette valley a checker-board of tlectrlo lines In ten years. The electric car la only about five yesrs old now. It has only begun In its useful career." When that time comes blch it will, Oregon City, with it Im mense water power should, and probably will belli center of electrlo railroad line leading In every direction, and which will be utiliied in conveying the product of the valley to this the greatest manufacturin city on the coast. Letter list, The following Is the list of letters remain ing in the post olllcv at Oregon Cltv, Oregon, Heptember 1 IStMs I.co, Mrs 8 K Miller. John Miller, S J McClellitnd, J it liun.van, W H Thomas, Mr. Yane, Miss Ambler V M Andrews, J It Crawford, Johnnie lhihtke, Dim Dibble, llorrls L Harris, Win llntard, A J llm, Mrs 8, 0 If called for please snv when advertised. K. M. HANDS. P. M. Im spile of the fact that money has been extremely hard to get this season, the year ba been a progressive one In school matters in the county, and there Is either built or being built more flue monument to tit spirit of progress in the county than hi ever been erected in a single year prior to this time. In addition to the several line buildings which have been put up In tli country districts, Oregon City, Milwaukee, Oswego and Viola bave built substantial nd quite costly modern structures which are a credit to the intelligence and progress ive spirit uf the communities in which they stand. Tbe scarcity of funds for the conduct of the affairs of the government is a condition which is just now confronting the demo cratic administration. In shaking of the causes which have contributed lo this con dition the San Francisco Call savs: " Without doubt the transfer of many dutiable articles to the free list by the Mo Kinley act has caused some falling otfin custom-house receipts. The treasury loses about f,Ol,0il0 in sugar alone, to say noth ing of the 18,00,00 or ln.rtO.OOO that will be paid under the bounty clause which tbe I ' McKinley act is resn.ible for. When that act as parsed there was a surplus revenue and it was held that the treasury could afford to give the people free sugar. But the McKinley act is nut responsible for the holding of goods In bonded warehouses un til such time as the duties may be reduced. This is what is being done. A New York paper says that at the present time the bond warehouses of New Vork and Brooklyn are bursting with imported goods. The Journal adds: I'nder ordinary circumstances these goods would have been taken out of bond and the duties paid on them, but the importers are hoping that the duties will be reduced In a few months, which wilt enable them to make a handsome margin of profit on their speculation. Piur Is still the policy of the few sena tors who are opposed to the repenl of the Sherman law and It is evident from the manner in which a few of them are con noting themselves that they are deter mined to carry the matter to the extreme limit. It is time the senate came to its senses sud demanded a vote upon the ques tion. The country wants to know what it ay depend Uen so a to adjust It bus! ness aflalrs to suit the times and it cannot o this while the senate continues its still ty- hally tactics. Vote, gentlemen, vote; and hen you do so vote right. vioviksom i KMNOYva lias iarlnnel an- her murderer upon condition that be leave the state and do not return. Vpon what grounds can the Coventor justify himself foisting Um other commonwealths, peo ple whom we are not willing to have as residents or citizens of this state? We be lieve such a practice to be vicious both In principal and practice. Moreover if unlver sally practiced among the governors it is a game which will result dlrastrously to Ore gon which has less prisoners upon which to exert this sort of clemency than almost any other state in the I'nion. TEE USUAL RESULT. Two years ago Chicago and New York were engaged in a bitter struggle to see which should secure the location of the world's fair. That great exhibition Is now drawing near a close and the figures show that Chicago must pay for the privilege for which she so hotly contested. The exponi tion is to close on the 30th of October lea v ingbut one more month to make up dell ciencies. As shown by the monthly report of the Auditor, the enterprise, up to th 31st of August, had cost $24,530,.m This included building and 0rating expenses, The gate receipts up to that date were ' 141,5oG; concession receipts, $1,857,007; mis cellaneous receipts, $577,984, making a total of $7,470,570. The Indebtedness consists of $3,555,000 in bonds and $1,43.215 of floating debt. This showing leaves the enterpris in the vernacular of the hard times $12,- 000,000 "in the bole." The additional re ceipts from increased attendance during the remaining six week of the fair will re duce this somewhat, but there is no prob- ability that they will wipe it out. Indeed all that baa been hoped for some months was to pay the last issue ol debenture bond and the floating debt, leaving the stock holders and the city, which voted $5,000,000 of bonds, to content themselves with in direct return for their investment. CAUSE AST) EFFECT. States that are given over to crank notions relative to finances must not expect favors of those whom they are crying down. Fur. tber than this those who bave a little money do not wish to hav It loaned out where they will have more trouble in collecting it than it ia worth or take the chance of having it legislated out of value. Kansas has given herself over to such notions and having danced Is now likely to be called upon to pay the fiddler. Recent dispatches state that the Provident Trust Company, one of the largest holders of Kansas mort gages, has written its agents In that state that it Is closing its business as rapidly as possible, and that any extension on out standing loan is impossible. C. M. 8helden who has just returned from the East, says that he talked with a number of capitalists and not one of them wanted Kansas se curities. He says that eastern bankers are afraid ot the financial schemes of the party in power in Kansas. Until the death of crank legislation is assured, be says, all the eastern money now invested there will be withdrawn a rapidly u possible. Thl mean trouble for thousand of farmer." HxKKToroKE the republican party has proved itself competent to run its affairs in a satisfactory manner, and it is not seemly that It should at this time abandon the conduct of the party alluirs to those who are opposed to its olicy and who have Invariably sought to hreuk it down. When, therefore, the republicans of this county wish to discuss questions of public interest they will undoubtedly do so without wait ing for an invitation from outsiders. Coiifeollous and ( Igurs, Confcxttionery anil Cigar More on 8ev enlh street, eastol Hhlvuly Hull between Madison and Monroe, lVnllng In homo make of lino domestic. Havana Cigars, choice, gradoa of Tolmcco. IVar, Orange and Ctiuiiiiugno Ciiluruml Soda of differ ent kinds. Cigars wholesale and retail. Please give us a rail. Kkiidaway A Paciii.xn. COPPER TIYETED r -awta nil MB "L- x mm i-mw w am m aw Mmmw- arnw rm rv w n m -war t AD0RI88I SAN fRANCISCO, CAL KASYTO TAKK Dr. Plsroee Pleasant PsiUta. HinallejL eaalest, cheap, bl They're liar, agar-eoaled, anU blUoul gran ules, a compound ol roflned and ooactotratsd traola. Without disturbance or troubl. Comtt parioa, Indtnwtioa, Billons Attacks, Blck and Itilioo liaadauhao, aad all darannmmt oi th Uvtr, stomach, and bowels are prnll, ralltved, aad eurod. Vmnntulv cured, too. By Uxlr auld and natural aotioa, the utuo follow M too system Into natural way again. Tbotr influence lost Xrerythlng catarrhal in Ita nature, eatarrh Itself, and all th trouble that com from catarrh, are perfectly am) permanently cured by Dr. Hagei Ca tarrh Rettisdy. No matter how bad jour case or of how loug llaudlng, you can be cured. tAl'ANJSHId pi LES CURE A new atitl complete treatment, eotitlitnitf ,.r hiipposllorles, Ointment In ( iulri. alio In Hoi iud pills; piwlilvo cure lor Ktiernal, Internal, Kllml or tl.-r,lii(. Iirhliin. I hroiilc, Hecent or llerrdltarv Piles, and inaiiv illaraara aud female Weaknesses; It la alwaya a rral oenrni io ine leuerai lira n l ho nnt ilia- eovery of a medli-a! euro reiiderliif aiiotxiallnn Willi the kulfe unnecessary hareatier. This rstnedy naauerer liecu known lo fall II ir box. t! for IV tent by mall. Vi liy suffer from this terrible dlnease when a wrlitru uarauir fa riven with sli buiea lo refund tli money if uoi riirru. rruii iiatnp lor irre sample, (mar autre Issued by VtoohAaul Lisas A Co. h,,l ale and retail druia-lsta. aolr airuia. Portland. Orr.nn. tor sale by C. o. lluiitley, Orrnu t'liy. wrrauu. (1 OUper UottkiNf &vl OUT A ITS Oneceutauijoe. V I VI Till tlHWAT CotlOII t I Hit ,nilh.lly ui, here all ofhera full Cnnha I r Thronl, Hoaraeneaa. whooping Couth nmt Asthma. For CoRlumnliun It l.- .... baa eurad thousands, and will criia run it" takeuln time. H..W l,y linn.-Ki.la on a guar, ante. Vr a Iikio Hack i,r 0.-t. nm SHILOH 8 BELLADONNA t-LAbrtti Zu. SHILOHVCATARRH IIUVO you I .O.ll lli Phi. r. ri,H- I. Kmuiiurayuu, it, sirla. Injtx'tor f roo. or sale by C. O. Huntley. VOU WILL SOON NEED X e . . . . t;ait AMn WIWTPkr:nnn Wolmvejunt rwlvcJ i full timl ctiiiij'Mo astnortincnt of Prills, (Jii7$l?am5, u$y Shirtings, Dress Goods, Flannels, Hosiery, Ami many attraotivo liun uf gixn' thin wnmrn r-i'titii, Iton'if. Hint every thing" lii our etoro in Marked at Close Cash Pried Only a Riiiiill Tolil on our gxxln U nil no ask. OUR BOOTS AN 12 SHOES Aro liototl for their wrnriiig iiualitii-n niul uru mire to vo j rfi KiitiKfiictimi. -i rs-ij a. tt i m i, , urocenes ooia at xiara imo rrice Give us n chll, HAMILTON & WASHBURt Park Place Cash Storo. furniture ar;d iJpderta A risoixtiii.1 has been received at this office relative to a read from the Mt. Pleas ant neiKhborhood out towards Mil lino. As this matter is not up for consideration or action on the part of the court at this time there can be no good accomplished by its publication. If it comes up at any time in the future the Kktekphisi will he In that as in other cases in favor of such action as will secure for the county the best roads. Tiia- great industrial exposition was opened under favorable conditions on Wednesday evening and is now running? every afternoon and evening with a goodly array of exhibits. The prospects lor a uc cesiful season are good and the manage ment is to be congratulated upon the un tiring pains taken to secure attractions which will prove pleasing to the general public. Red Cross Tansy Pills SunnraoeArl Manstruation T R L- H$Iman carries a flno lino of Furnite PAINPIII LOUntTeS. Wall Pnnnrnnfl Pnrrtnfa nf 1nm(nt!: Mtnstruatlon SiDlo livinc: rates, nlsn n Ann inn of nn air fits an: X. Coffins, Ladies' and Gents' robes, which it imuMiuunuT NOT EXCELLPTi nTTTHTTit? rX -Dr.TJTT.IVP . ww -i JLU VX 1 vaMU" uioi iicarHo in thin advertisement. The Ladies Ar Sift and Rrllil.l. Iff I'rrffi-ily HsnnlMi. Purtlv Vra-a. Ubltl Nrvar FalUI Asd now It is the Oregonlan which is calling the United States senate the house of lord. Htrange bow little things alter cases. We thought the senate was acting more like a house of babes, and that they should be supplied with cabs and bottles, GROUNDLESS CIUUGE ANSWEttED. Okkuom City, Sept. 27, 1893, To tub Editor: I notice in your paper of the 22d Inst, an allusion in Sheriff (a nong's communication to Senator Cross, which seems to me does the Senator injus tice. I refer to the statement that Senator Cross was seen erasing the cancellation of a mortgage which bad belonged to him. The facts are, as I understand thern, that this was a mortgage originally given to Senator Cross and afterward purchased by me in 18!A) for one of my money lending clients. Through inadvertence, and forgetting the sale to my client Mr. Cross cancelled the mortgage. When I called his attention to the mistake he had made be went with me and as was his duty offered to erase the cancellation. My client pays the taxes on his mortgage when due, and Mr. Cross was right in offering to erase the cancellation he had inadvertently made. W. Cakky Joimsojl PRICE Sl.OO. Sn postpaid on rnralpt af pnea. Moriry refunld If no mm w Yin ae cincnom co.f Dos MoIims, Iowa. For Hule by Charman k Co. ' to Prairie Nurseries DAVID J. COX. Prop., - OWICCiON. CANIIY, If you aro interc'BtoJ in ivavertlHinK 4, you ought to bo a nub- j scriber ot Puintekh' Ink: a journal for advertiHors. Printera' Ink is issued weekly and is filled with contributions and helpful suggcHtions from tho brightest minds in the advertising busi ness. Printera Ink costs only two dollars a year. A sample copy will be sent on receipt of five cents. ADDHKHS PHINTEHS' INK. 10 SpKUOO St., m Neul Yonk A Apple, Poar, Cherry, Peach, Prune, Plum, Apricot, Nectarine and Almond. Trct-s Strong and Healthy and I rue to Name. hpecinl care taken in (liirrrino prevent mutilating thu roots. . . writers pronnit v I w Bl"1 1" nines. Wr to f..r to rices prices. TIIIJPHOTOCJRAI'IIKU, Would bo pleased to sr-e his friendH ""u patrons in his new quarters on Third and Morrison Streets ver lionien Rule Bazaar. The latest In visiting card at the En tebphihe Okfioe. Prices to suit you. TKEASURKIt'S 50TICB. ' ' 1 have now In mr hand fundi applicable to the Davment of all warranta nAn.uA July 18, Iutareit will cease from dat of thlsaotlee. S. B. CALIKF. Treasurer at clirktnu w.., j Datd Orogoa tiftf, lopl. i, llm. U ' NEW YORK GALLERY. Lt. . . w.,llllu dmi repairing AGENTS -:- ViRftt On Halary ami Coininliwlon (of tl-s aulhoricptl Biography of James G. E BY OAIL HAMILTON, His literary executor, with iht M 0H'ritti(n of his fittnily, anilf"'' Hlaine's complete works, "T'i; Years of Congress," and bii Iniok, "Political Discussions." ft iri)ss;ctus for these thrco llllf Ixuiku In I innrUid A Jordan of Maine ttwik 112 orr from first 110 calls: Bcnti pf tl'Mltt). Mrs. Mallard of Ohio!" fifteen ortlers, thirteen Hosl K'J iii uiio tiujr; proiit, ' -Kiceof Massachusetts, tooktw seven ordera in two ilnV"; Pr fl7.2.r). J.'Piirtridtre of Maine, t'1 forty-three orders from thirtjj calls; profit 75.25. U. A. Pf of North Dakota, took fifty, uiihtb hi niree uitysj jhoh y Kxclusive Territory given. I'T wish to make Largo Money. r' immediately for tonus to TIIKIIKNUYBILLPUBCO. Norwich. Conn. Photographs Delivered Promptly in the finest Htyle of Art. "vlg one of the be a . state n tnv , illMIIV, I hull. the Fine Crayon Work a Specialty. IHORSESIIOEIXG A SI'HCIALTY Batis- ATTENDED TO PBOMPTLY. Old Picture Copied to Any Size, faction Guaranteed. fii .. -op oj.pos.te corner fmm v. j JU.r7 oppo.ll Comia.reUUB.Dk,Or.onClt, OHECnMr(lr,lr 8tr0, ORP.nnv CITY CASH MARKE1 (Head of 7th St. Stop, PETZOLD & CALE, Pp Will sell the best meats In tw city at lowest living ruttf for cash. Kverything frosh, swoet and and only tho vory best stock Finest 8ausago, Bacon, ' and Fresh Meats always on Wr i Our motto is "Quick bft'Jf t Email Profits." Ordors aew in my part of .the ci ty.