)
3nte
EGON
1TY.
VOL.32. NO. 7.
OREGON CITY, OREGON, FRIDAY, DECEMBER 10, 1897.
ESTABLISHED 1866
OR
RPRISE.
KJ
II.DYK,
ATTOKNKY AND
UOUNHKUM AT LAW
Wl f,,riwl" inorlnngoa, maka i'b'raia, Inaii
inoiii,itltaia mi l fanaiiet gonoral
law lllllllM.
Olflno Aral ttoor adjoining JUuk ol 0 fgoti Clljr.
ORRIIOM ('ITT, ORROOM
KO. 0. mtOWHKI.I. I. V.CAatr'llkl.U
HOWNKIX A CAMI'llKU,
ATTORNEYS AT LAW,
ORRUoN CITY,
(m(l()H.
Will irnr(lr In nil Urn court! ol the alate. 01
flee, In i null I I Inn iliim,
J) II. J. II. MILLKK,
IlK.NTIRT
Bevtmtli mrxMt, near Southern Pucilhi
depot, Oregon OltV, Oregon,
c.
1I.1SOM.
CIVIL KNlilNKKR AM)
DKI'UTY COUNTY KL'KVKYOR.
Will be lit eourt hoimo on each Saturday
mill on regular "ochIhii day of
coiiiiiy court.
c
LACK A MAX AIWTIIACT A Tlit'ST 10.
Purnl.h, Abit-arla. I haltia of Til s, Da-prlp-tli.ii-,
Ixwiit, Inaiiru ri. I'ay Tm Pirfort
Tlllnn. !., fin tuln, o. r Pank ul
(rt u CI .
I. r. ( I.Alt K, lTo.iii.l M.r,
ORKOON IT, .... 0100)1.
W. K INN A I It D
CIVIL KNOINKKH ANb BCKVKVOK.
Hallway Iwatlon ami ruiiilrnrllon, hrldgni.
plauaalid atlmalea lor water u''ljf
Uralnaio ant trt lmiropiiioiit ol lowna
aprndal atfutlon glvim to draughting and bin
priming
J W. WKLCII.
DKNTIST
Willamette Hid., 0omU I'oHtolhVe.
Office hours from H a. in. to 12: 1 to
6:30 p. in.
jr L.roHTKK,
ATTOKNKY AT LAW
imiu'Tior rorRT ri KiMr.
Onte ntil to Orvgon Cllv Uuk on tb ttreeL
I U, T. WILLIAMS.
REAL E8TATK AND UMS AOK.NT.
A good Hit of bualnraa, rulilrnr mil auhurbau
rroprriy.
rrm Property In two lo aull on tay term.
Cnrreapandflnra roniill)r anawerod. Ofnoo,
Olio Ji'f until of Ui'lluxllnl cliuich.
J.
W. MKI.DRL'M.
8UKVKYOK AM) CIVIL KNtilSKKR.
All orders' promptly attmli-l to.
roaloiniHt aildreaa Oregon City. Realdenre
t Melilrum I'luw. on Kn-t ftliln Klm trlc
Una two miles norlli ol Oregon City,
Q I). A D.C. LATOUKKTTR,
ATTOKNKYS AND
COUNSKI.ORS AT LAW
MAIN HTKKKT OltKtlON CITY, OIIKOON.
rurnUh Abntracta of Title l-oan Money, Foro
eloan MorliiKKi'ii. mnl tranaaot Ueiioral
Law Wnalneaa.
J J E. CKOHH,
ATTORN F.Y AT LAW.
Wiix Practicr in A ix Court or Titi Stats.
Real Katnte riiiI Inauranre.
Ornoo on Main Hln-ot bet Sixth and HoTenth,
ORKOON CITY. OR.
Jt K. MAUK.S,
ATTOHNKY AT LAW.
Will pmtlfe In nil Hip court, of the nlnto.
Ulllre opponlle court liotine In Cntillold
liuililmir.
fpiIK COMMERCIAL BANK,
OF ORKOON CITY.
Capital, 1100,000
TRANRACM A ORNRRAL RANK1NO Ht'mN.
Iimia mailo. llllla (tiioonntuil. Miikva t'ol
loolionn. Itnya antl ext'liRiino nil all rmlnta
In Iho I'nltcil HtRt, Knroiie Riul Hong Koiik.
IHMltR ricol"i'd aiiliji'ct to chock. Hunk
opon from 0 A. M. to 4 r, M.
U. C. LATOUKETTK, Hrenlilcnt.
K. G UONALD80N, Caahlor
ANK OP OKKGCN CITY,
Oldest Banking House In tie City.
Pahl upCapltHl, IM.OOO.
HnrpliiH, .H,HA0.
f RRMIDRNT, - CHARI.IR H. CAUFIRI.D.
TICK PRKHlllRNT, 010. A. HARDINO.
CAHHIRR. R. O CAUriBl.D.
A gonornl hanking bunlncaa traimantoi).
UnpoHtta roni'lveil anlioot to chock.
Approvoit hllla and noloa dlanounled.
Coiinlj and city warrmita bonirlit.
Loan mvlo on avallnhlo auoiirlty.
Kxi'lianuP houglit and aold.
ColUictloiir made promptly.
Drafta aold Avallaulo in any part of the world
ToloKraphlo exchangoa aold on Portland, Han
franclaco, 'lhlcavo and Now York.
ntoroatpalJ on time depoalti.
WANTED TRUSTWORTHY, ACTIVE
poiitlemmi or ladles to travel for re
tiponnlhlp, pntahlisheil house In Oregon.
Monthly $IL").00 and expenses. Portion
steady . Kelereuce, Encloae Relf-addreaed
atainpeil envelope. The Dotninien Coin
pany, Dopt. Y Chicago.
c.
Lace Curtains and Window Shades
mm
A Chance for Life
Tho bankrupt stock of tho Eagle Tailoring
Coinpany of l'ortlaiul, connifting of
Clothing, Gents' Furnishing Goods,
HatK and C'ajts, together with a fine lino of Boots
and Shoes fur Men, Ladies and Children to he sold
at retail with wholesale prices at Oregon City in
the I. 0 hloek. Come early and get tho first
choice. Farmers and mechanics Store.
M. MICHAEL, Prop.
Farm produce, hides and furs taken in exchange.
WE'LL PROVIDE
vIth a
than a
0X
Jy and
SAM'L KOSENIJLATT & CO.
193 and 195 First St, Cor. Taylor.
...REPAIRING..,
Having secured the services of a
firt-claB8 workman we are pro
pared to do mending and repairing
of all kinds at reaaonahlo rates.
KRAUSSE DROS.
Tho Shoe dealers.
EC
2ZZ22ZZE
We are also agents for the celebrated
Canton Clipper Plows, Harrows and Cultivators,
Also for the Slmonds Saws.
Steel Ranges
Cast Ranges
Stoves
all prices.
Corner 4th and Main
oro two main attractioriH for a rich dwelling, aa
well an for a inolunt, cozy little room. We
lmve junt r!C(!iviil a largo, well anHorted nhip
nient of laeo curtaitm, tiricoB ratiKinf? between
hoc antl'il.W) a pair. Our new tttylo rugH are
especially well Hiiited for holiday prenentH,
TheHO are inoHtly American inado rug, and the
hem that can ho made for littlo money. Do
not fail to iiiHpect our diwplay of traiiHparent
imK)rted chinuware.
Bellomy & Busch,
The Housefurnlshors.
ANY MAN
stylish suit here In less time
tailor can take his measure,
we guarantee a better fit than
the average tailor turns out.
There's nothing In the way
of men's wear that we can't
supply with substantial sav
ing to you. Before you buy
we want you to get our
prices and see the difference
between the clothes we sell
and those offered In most
clothing stores. The H. S. ;
& M. ready-tailored suits and
overcoats, the kind bearing
this label:
HART, 80HAFFNER A MARX.
,!!R?!"))iimi
lfcA C "-'. ') 2 V V -
1 7a '(Uk'MkWMteUaw f
GUARANTEED OLOTHINQ.
Are known the country over
for their style and quality.
Portland, Ore.
.clCli-'fVr,r1HrJHfJf'r'rJc'tVrlrJrJHr'rl
We are headquarters
for Air-Tinht Heaters
' laruest slock, lowest prices.
Wre carry a full stock of everylliinn in the
Hardware line, wagon wood, iron, eteol,
pumps, pipp, etc. Plumbing and all kinds of
jobbing neatly and promptly done. Estimates
furnished,
POPE St CO.
Streets, - Oregon City.
FINANCE AND CUJ5A
Extract From the President s
Annual Message.
rrim-ulfd to llolli Hoiihci of Conic rem
Lait Mondajr A KiiHlnetut
Oocutnciit.
Wahiiiwjton, Dkc. 6. The president's
mesHiig) wo prevented to both Iiouhcr of
I lie 05th Connreurt Unlay, an 1 deals
mainly with Cuba, and the financial
ijuextion although many oilier matters
re carefully considered.
Tim Currency (tieatlon.
Tarifr Ifgiitlution having been settled
by the extra s-iHHion of congrew the ques
tion next preaxiug for consideration is
that of the currency . The work of put
ting our finances upon a sound banis,
dillicult as it may seem, will appear
wlieii we recall the financial operation of
the government liuce lHoU On the 301 h
day of June of that year, we had out
standing demund liabilities in the sum
of (723,Kt8,-U7.41. On the 1st day of
July, 187'J, theae liabilities haJ been re
duced to 4M,8SD,4!)j.S8. Of our inter-(!t-lcaring
obligations, the figures are
even more striking. On July 1, 1H00, ttie
principal of the interest-bearing debt of
the ifoyernment was f 2,332.331, 208. On
the 1st day of July, 18'J.i, this sum had
been reduced tof)81,0.7,100, or an aggre
gate reductiou ol tl,747.2a4,10S. The
interest-bearing debt of the United States
on the litl day of December, 18'J7, was
$-t7,3(5,tiJ0. The government money
now outbuilding (December 1) consists
of:i4ti.fWl,01(iof United States notes;
f 107,7U3,2HO ol tieanury notes Issued by
authority of the act of IStH) $:iS4.0(3,504
of silver certilkates and til.2SO,7Gl of
smnUrJ silver dollars.
With the great resources of the govern
ment and with the time-honored exam
ple of the past before us, we should not
hesitate to enter upon a currency revis
ion which will make our demand obliga
tions less onerous to the government and
relieve our financial laws from ambiguity
and doubt
The brief review of what was accom
plished from the close of the war until
18H3 makes unreasonable and groundless
any distrust either of our financial abil
ity or soundness; while the situation
from 18!3 to 181)7 must admonish con
gress of the immediate necessity for so
legislating as to make the return of the
conditions then prevailing impossible.
There are many plans proposed as a
remedy for the evil. Before we can find
the true remedy we must appreciate the
real evil. It is not that our currency of
every kind is not good, for every dollar
of it is good ; good because the govern
ment's pledge is out to keep it so, and
that pledge will not be broken. How
ever, the guaranty of our purpose to
keep the pledge will be best shown by
advancing toward its fulfillment.
Erll of the Present System.
The evil of the present system is found
in the great cost to the government ot
maintaining the parity of our different I
forms of money ; that is keeping all of
them at par with gold. We surely can
not be longer heedless of the burden
this imposes upon the people, given un
der fairly prosperous conditions while
the past four years have demonstrated
that it Is not only an expensive charge
upon the government, but a dangerous
menace to the national credit.
It is manifest that vre must devise
some plan to protect the government
against bond is sues for repeated redemp
tions. We must either curtail the op
portunity for speculation, made easy by
the multiplied redemptions of our de
mand obligations, or increase the gold
reserve for their redemption. We have
flWO.OOO.OOO of currency which the gov
ernment, by solemn enactment, has un
dertaken to keep at par with gold. No
body is obliged to redeem in gold but
the government. The banks are not re
quired to redeem in gold. The govern
ment is obliged to keep equal with gold
all its outstanding currency and coin ob
ligations, while its receipts are not re
quired to be paid in gold. They are
paid in every kind of uioney but gold,
and the only means by which the gov
ernment can, with certainty, get gold is
by borrowing. It can get it in no other
way when it most needs it. The govern
ment without any fixed gold revenues,
pledged to maintain gold redemption,
which it has steadily and faithfully done,
and which, under the authority now
given, it will continue to do.
The law which requires the govern
ment, after having redeemed its notes, to
pay them out again as current funds, de
mands a constant replenishment of the
gold reserve. This is especially so in
times of business panic and when the
revenues are insullloient to meet tho ex
penses of the government. At such times
the government has no other way to sup
ply its deficit and maintaia redemption
but through the increase of its bonded
debt, as during the administration of my
predecessor, when (205,315,400 of 4g per
cent bond were iied and sold and the
i proceeds used to pay the ex;enHes of the
government in excess of the revenues an J
sustain the gold reserve. While it is
true that the greater part of the proceeds
of these bonds were used to supply de
ficient revenues, a considerable portion
was required to maintain theitold reserve.
Replenishing the Gold Reserve.
With our revenues equal to our ex
penses, there would be no deficit requir
ing the issuance of bonds. But if the
gold reserve falls below $100,000,000,how
will it be replenished except by selling
more bonds? Is there any other way
practicable under existing law? The
serious question then is, shall we con
tinue the policy that has been pursued
in the past that is. when the gold re
serve reaches the point of danger, issue
more bonds and supply the needed gold
or shall we provide other means to pre
vent these recurring drains upon the gold
reserve? If no further legislation is had
and the policy of selling bonds is to be
continued, then congress should giye the
secretary of the treasury authority to sell
bonds at long or short periods, bearing a
less rate of Interest than is now author
ized by law. I earnestly reccommend.as
soon as the receipts of the government
are quite sufficient to pay all the expen
ses of the government, that when any of
the United States notes are presented for
redemption in gold and are redeemed in
gold, such notes shall be kept and only
paid out in exchange for gold. This is
an obyious duty. If the holder of the
United States note prefers gola from the
government, he should not receive back
from the government a United States
note without paying gold in exchange
for it. The reason for this is made all
the more apparent when the government
issues an interest-bearing debt to provide
! gold for the redemption of United states
notes a noninterest-bearing debt. Sure
ly it should not pay them out again
except on demand and for goid If they
are put in any other way they may re
turn again to be followed by another
bond istue to redeem them another
interest-bearing debt to redeem a non
interest-bearing debt.
In my view, it is of the utmost im
portance that the goyernment should be
relieved from the business of providing
for all the gold required for exchange or
export. This responsibility is alone
borne by the government without any of
the usual and necessary banking powers
to help itself. The banks do not feel the
strain of the gold ledemption. The
whole strain rests upon the government,
I and the size of the gold reserve In the
treasury has come to lie, with or without
reason, the signal of danger or of se
curity. This ought to be stoped.
If we are to have an era of prueperity
in the country with tuffioieut receipts for
the expenses of the government, we may
feel no immediate embarrassment from
our present currency; but the danger
still exists, and will be ever present,
menacing us as long as the existing sys
tem continues. And, besides, it is in
times of adequate revenues and business
tranquility that the government should
prepare for the worst. We cannot avoid,
without serious consequences, the wise
consideration and prompt Bolution of
this question.
Plan of Seeretarj Gage.
The secretary ot the treasury has out
lined a plan in great detail for the pur
pose of removing threatened recurrence
of a depleted gold reserve and saving us
from future embarrassment on that ac
count. To this plan I invite your care
ful consideration. I concur with the sec
retary of the treasury in his recommenda
tion that national banks be allowed to
issue notes to the face value of the bonds
which they deposited for circulation.
and that the tax on circulating notes.
secured by the deposit of such bonds, be
reduced to one-half of one per cent per
annum. I also join him in recommend
ing that authority be given for the estab
lishment of national banks with a mini
mum capital of (25,000. This will ena
ble the smaller villages and agricultural
regions of the country to be supplied
with currency to meet their demands.
I recommend that the issua of national
bank notes be restricted to tho denomi
nation of $10 and upwards. If the sugges
tions I have herein made shall have the
approval of congress, then I would re
commend that national banks be re
quired to redeem their notes in gold.
The Cuban Insurrection.
The most Important problem with
which this country is now called upon to
deal, that pertaining to its foreign rela
tions, concerns its duty toward Spain
and the Cuban insurrection. Problems
and conditions more or less in common
with those now existing have confronted
this government at various times in the
past. The story of Cuba for many years
has been one of unrest; growing discon
tent; an effort toward the larger enjoy
ment of liberty and sell-control ; of or
ganized resistance to the mother country
or oppression and warfare and of ineffect
ual settlement to be followed by renewed
revolt. For no enduring period since the
enfranchisement of the continental pos
session of Spnin In the Western conti
nent has the condition of Cuba or th
policy of Spain toward Cuba not caused
concern to the United States.
The prospect from time to time that
the weakness of Spain's hold upon the
Island and the political vicissitudes and
embarrassments of the home government
might lead to the transfer of Cuba to a
continental power called forth, between
1823 and 1800, various emphatic declara
tions of tbe United States to permit no
disturbance of Cuba's connection with,
Spain unless in the direction of inde
pendance or acquisition by the United
States through purchase, nor has there
been any change of this declared policy
since upon the part of this government.
The revolution which began in 18tJ8
lasted for 10 years, despite the strenuous
efforts of the successive peninsular gov
eminent to suppress it. Then, as now,
the government of the United States tes
tified its grave concern and offered its
aid to put an end to bloodshed in Cuba.
The overatures made by General Grant
were refused, and the war dragged on,
entailing great loss of life and treasure,
and increased injury to American inter
ests, besides throwing enhanced bur
dens of neutrality upon this government,
in 1873, peace was brought about by
the truce of Zanjon, obtained by negota
tions between the Spanish commander,
Mortinez de Campos, and tbe insurgent
leaders.'
Cirlllzed Code of War Disregarded.
The present insurrection broke out in
February, 1895. It is not my purpose,
at this time, to recall its remarkable in
crease or to characterize its tenacious
resistance against the enormous forces
massed against it bv Spain. The revolt
and the efforts to subdue it carried de
struction to every quarter of the island,
developing wide proportions and defy
ing the ettorts of Spain for its suppres
sion. The civilized code of war has
been disregarded, no less so by the Span
iards than by the Cubans. The exist
ing conditions cannot but fill this gov
ernment and the American people with
the gravest apprehension. There is no
desire on the part of our people to profit
by the misfortunes of Spain. We have
only tbe desire to see the Cubans pros
perous and contented, enjoying that
measure of self-control which is the in
alienable right of man, protected in
their right to reap the benefit of the
exhaustless treasures of their country.
The offer made by my predecessor, in
April, 1895, tendering the friendly offices
of this government, failed, and media
tion on our part was not accepted. In
brief, the answer read: There is no ef
fectual way to pacify Cuba, unless it be
gins with the actual submission of the
rebels to the mother country. Then
only can Spain act in the promised di
rection of her own motion and after her
own plans.
Concentration Is Extermination.
The cruel policy of concentration was
initiated February 16, 1890. The pro
ductive districts controlled by the Span
ish armies were depopulated and the
agricultural inhabitants were herded in
and about the garrison towns, their lands
laid waste and their dwellings destroyed.
Thi s policy the late cabinet of Spain
justified as a necessary measure of war
and as a means of cutting off supplies
from the insurgents.
It has utterly failed as a war measure.
It was not civilized warefare. It was
extermination.
Against this abuse of the rights of war
I have felt constrained, on repeated oc
casions, to enter the firm and earnest
protest of this government. There was
much of public condemnation of the
treatment of American citizens by al
leged illegal arrests and long imprison
ment awaiting trial of pending protracted
judicial procedures. I felt it my first
duty to make instant demand for the re
lease or speedy trial of all American
citizens under arrest. Before the change
of the Spanish cabinet, in October, 22
prisoners, citizens of the United States,
had been given their freedom.
For the relief of our own citizens suf
fering because of the conflict, the aid of
congress was sought in a special message
and under the appropriation of April 4,
1897. effective aid has been given to
American citizens in Cuba, and many of
them, at their own request, have been
returned to the United States.
Not a Time for Recognition.
Turning to the practical aspects of a
recognition of belligerency and reviewing
its inconveniences and possible danger,
further pertinent considerations appear,
in the code of nations, there is no such
thing as a marked recongnition of beleg-
erency unaccompanied by the assump
tion of national neutrality, Such recog
nition without neutrality will not confer
upon either party to a domestic conflict
a status not therefore actually possessed,
or affect the relation of either party to
other states. The act of recognition
usually takes the form of a solemn pro
clamation of neutrality which recites
the de facto condition of belligerency as
(Continued on Page Seven.)