Oregon City enterprise. (Oregon City, Or.) 1891-194?, December 02, 1898, Image 1

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Oregon City enterprise., December 02, 1898, Image 1

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Newspaper Page Text0V Oregon 'City Enterprise. VOL.31. NO. 4 OREGON CITY, OREGON, FRIDAY, DECEMBER 2, 1893. ESTABLISHED 1866 HAY Kb" ATTOItNEY AT LAW. peolal ali.nllmi given to County Court mi i ruimi uunine.i. Ofllcte Up.falra, oppo.lls iliintlcjf'i Hook wire. c. BCIIUOEL PcuiMjer Pl'Dofdi ; " ATTOKNKY-AT LAW. Offlne over MrKlllrh k'i HIkx Wore, near Hit liana or Urrgon Uliy. tMKUIIM ClTV . OlUUUN, D UN. I'OWKIX SEAM ANN Pbyalclans ml Hurg-ona, Kpeclal attention given to snrglral work. Ollta lionrai S In II A.M.. 1 lot I'. M., II to S I'. M. Hoonn V ami 10 Cliarmau lllk. 10. o. iiofmu. . o. CANritu. -I1HOWNCU. A CAMPIlEU, t ATTORNEYS AT LAW, OkiaoN Cirr, omoox, Will praetlre la (II Ih oourti l lb Hal. 01' loe, Ill CuS I I building. c LACKAMAS ABSTRACT A TRUST CO. furnlib, Atelraeu, Chain, of Tit'. Dmcrip (tun, I.neii, Iuiumi c. Per Tiih P.rfet't Till, ale., eia. ortire ov.r bank ot Own CI jr. J. r. CUtl, Pr'.,o4r. MOW riTT, 0MO. J."' Ml U.Kit, -PKSTIST- Flns Mtt f teeth, gold erowm, til klndi of (tiling! and bililgework. fWvtntli Ml. near depot. OrrKon City, Or. "I 0. T. WILLIAM. HEAL KSTATB AND LOAN AOENT. good Hue ol bu.lneM, residence tad .u barbae Property. farm Property In traru to suit on lerma. Correapend.nee promptly an.wered. Otto. tmilvi t rnio i' MvUMKlIm oiiuteb. Q D.i D.O. LATOUHBT-11, ATT0KNEY8 AND COUNSELORS AT LAW aim stbibt oaaoos crrr, oaaoos. aral.h Ahetraeia at Title, Uti Mnntf, Vore etoee MonffM, and Ir.Diact Uoutral Lav DiuImm. A. 8. DRESSER. ATTORN KYAT-L AW. Omosover Mi Klttrlck'i Bhoe Blore. near thsllaiikof On-gon City. Oasuoa Cirr, Oaaoo. L. PORTIR, ATTORNEY AT LAW aarraieTior raoraa-v mamiNio. Offio nasi lo Oregon CltT bank on tth atreet. D R. FRANCIS FREEMAN, -DENTIST Graduate of the NorthweaUrn Unlver- It Dental Kchoul, Chicago. AIm American College ol Dental Surgery, With Dr. Welch, Willamette Rlock. B F 0.AW.8W0PE, ATTORNEY'S AT LAW. Collectiona, Foreclosure of Mortgagee, anil a general law business at tended to promptly. Main St. First door South of MethodiBt Churt:h . rpUI COMMERCIAL BANK, OF OKKOON CITY. !apltal, .... 1100,000 TIANtACTIA OINIKAL lANKINe attaiNIU. Lnana mail. Hllla dlaeounUd. Makaa eol Iuiil Hiiviind hiIIi aii-haiit a on all poluM . ,k. itnii.A autni. Kurnna ami Horn Knnr. O K ' Ii.iKialu ranalod llibjiHii to obeok. Ba '.t optufrom a. m. to 4 p. m. O. 0. LATOORKTTB, Proildont. v F. J. MKYER Caakler, B ANK OF OHKOCN CITY, Oldest Banklnz Boost In tbe Cltr. Paid np Capital, SO,000. Butplua, lAi.m. raaiiDtKT, - cAti . f Arn. viqi raaaiDiicr, o. a. BAaniite. CAiHiia. - a. a OAuniLD. A lanaralbanklnt bunlnaaa tranaoted. DtipotlH reoWif aubleot to obeok. ApproTad bill and notoa dlioouuted. (Jouutj and city warrant! bnuaht. Loan mvle on avallabla laourlty. Kiohnnna bouhtaiid aold. rjnllMllont maila promptly. praiuaoia avauaoie in any pan ui inc..., relacrapblo lobaniei Old I on Portland, Ban rranaUoo.'lbloaioaud Now York. nterent pau ou lima aepomia. THIS IS WHAT our customers claim for us and our groceries: That we oiler the beet of groceries at the low est prices. They have confi dence in our goods and know that we never misrepresent our selves and that our stock of fine groceries Is the purest and the most nutritious. Last, but not leaBt, their grocery bill saves it self fully 25 per cent by their deallns with Marr & Muir, Our way of doing business is to treat every one fair and square and offer the very bosin our store. la !ri Says ilns They dl My tlmt HARRIS' GROCERY Headquarters for Hay, Landplaiitor, Heeds. Etc. INSURANCE y Railroad Tickets to all F. Patent: ploufi Manufactured In Oregon City from the bettt selected wheat on the market. All Our Flour Manufactured From Old Wheat IT IS FOR SALE By all grocers in Oregon City and tlie bent. Patronize Home industry. Special We are headquarters for Canton Clipper Steel and Chilled Plows, Har rows, and Cultivators, Simond's Saws, Warranted" Wedges, Sledges and Axes, Steel Ranges, Air Tight Heaters, Ammunition, Fishing Tackle, Wagon Wood and every thing in the hardware line. POPE St CO. Corner 4th and Main Streets, - Oregon City. rV.VrVrVrVryrVrVrVjrVHrVHrVrVliyrVrV Geo. A. Harding- PRESCBIPTION DRUGGIST Willamette llulhllnff. YOU Cpn Save Money By buying your Drugs and having your Prescriptions filled at the leading Drug btore in the City Our Specialties Pure Drugs and Low Prices. We guarantee our German Cough Balsam to give Satisfaction or wewill return the money. If You Want Flrt-cla Job CALL, AT THE ENTERPRISE. ha Carries the moat complete stock ol First Class Groceries to be found in the City. FIRE AND ACCIDENT points East at low rates E. DONALDSON Ifoiif iGroer it is Guaranteed Notice, prirtir; At Lowest Rates. SPAIN YIELDS Nlie Accept the Conditions Im posed by the United State. HAD rU0R.H H THE EAST. Keportef the Director of lbs Hint any Teasels Wrecked, Befog the Wont Klorrn In Yean PAam, Nor. 28. Spln haa accepted the ULiled Stalea' offt-r of 20,000,000, and at a joint amnion of the peace com mUftion thia afternoon consented with- oat condition to tfie relinquishment of Cuha, and to cede Porto Rico, Guam and the Philippine Wanda. The document preaenting thia accept ance contained only 300 worda. It ODened with a reference to the uneqnal terma of the United SUtea, and aaid that the Spanish commiiHlonere, after having taken cognizance of the termi proposed by the Americana, replied that their government had tried to give aa equitable an answer aa potsihle, but that they were not prepared to commit their government to the acceptance of the principles embodied in the argument. Spain rv jecU these principles, the note continues, "aa she alwaya baa rejected ' Basing her attitude upon the Justice of her cause, the note then aaya she atill adheres to these principles, "which she has heretofore formulated." However, the note adds, in ber desire for peace, she has gone so far as to pro pose certain compromises, which tbe Americans have always rejected. She has also attempted to arbitrate some ot the material particulars upon which the two governments differed. These pro posals for arbitration, it ia added, the Americana bad equally rejected. These allegation! in Spain'a reply, aa to attemp ted arbitration, refer to ber proposal to arbitrate the construction ol tbe third article of the protocol, and also to sub-jlation. Tne completion of Russia's mil the Ppanish colonial debt of Cuba I P'nB ,or monetary reform and the open and the Philippines to arbitration. The I WK 10 lhe 08e" 01 commerce of her kreat last proposition had been made in 8IJ reserve, systematically gathered written communication. Since its pre- eentation, and In Ite return for such arVlrratijo, 6p;n cfered to cede tbe territory in dispute. Tbe Americans re fused both propositions for arbitration. Spain's reply today In substance con tinued by declaring tbat the United States has offered as a kind of com pen sation to Spain something very Inade quate to the eecrifioee the latter country makes at this moment, and she feels that the United States' proposals could not be considered as equitable. Spain naa, oowever, exnauatea an tne re sources of diplomacy and an attempt to justify hor attitude. Seeing tbat an ac ceptance of the proposal made to Spain is a necessary condition to a continuance of negotiatisns, and seeing that the re sources of Spain are not such as to en able ber to re enter upon war, she is prepared, in her desire to ayoid blood shed, and from conniderstions of human ity and patriotism, to submit to the con ditions of the conquering nation, how ever harsh they may be. She is there fore to accept the proposals ot the American commission, aa presented al the last silting. FRIGHTFUL WINDSTORM. On Hundred VhhIi Total Wreck, and Hundred, of Llvaa Lo.t. BotToN, Mass., Nov. 28 It is known definitely tonight thst more than 70 lives have been lost in tbe wrecks of tugs, schooners and coal barges during the storm of Saturday night and Sunday morning, and if the steamer Portland has gone down, as now seems possible, the list of casualties will rise to 140, with over 100 vessels of all descriptions ashore, two score of them to be total wrecks and an unknown number proba bly beneath the waves of Massachusetts bay. There is scarcely a bay, harbor or in let from the Penobscot to New London which has not on its shores the bones of some stanch craft, while all along Massa chusetts bay, and especially Boston harbor, the beaches are piled high with the wreckage of schooners and coal barges. The record, although hourly lengthening, ia still incomplete, for that ocean graveyard of Cape Cod is still to be heard from . The annoyance and inconvenience of the railroad and street-car embargo, covering the whole of southern New England, sank into insignificance befere the story of destruction wrought by wind and wave, yet it will be many a day before the full import of the disaster is known or even realised . The islands of Boston harbor are with out exception strewn with wrecks and wreckage ; no less than 29 vessels are ashore at Gloucester, over 20 in the sup posed safe harbor of Vineyard Haven parted their anchor-chains yesterday, i and are high and dry on the beach. I Nantasket beach aaw two schooners and coal barge dash to pieces on its sands, the rocks of Cohaaset claimed a stanch fisherman ; Scituate, a well known pilot boat; Manchester, a Down Est lumber man, while one log and tlir-e bargea known to have been between Cape Cod and Boston are anacconted for and probably lost. The upper harbors of Boston, Plymouth, Halera, Ports mouth, Portland and other places where vessels were supposed to be compara tively safe, were the scenes of nnmerous collisions between the ships and the wharves. Every life-saving crew performed deeds of heroism in rescuing crews from trsnded vessels, and tug-boat captains risked life and property in their endea vor to aave life, Washingtoh, Nov. 24 In bia annas! report George F. Roberts, director of the mint, aayr: "The moat important events of the fiscal year In the world of government finance have been tbe consummation of the long-planned resunption of specie payments by Russia in gold, tbe reor ganication of the monetary system of Japan with gold as the standard, and the refusal of the government of India to co-operate with the governments of the United States and France la an effort to establish bimetalism by International agreement. The gold coinage of tbe world in 1897 waa the largest recorded, amounting In vIne t0 Mtf,719,342, against $199,889,. 617 In 1896. Of the former sum. $140. 222,194 was recoinage, and approxima tely $291,097,148 a net addition to the stock of gold coins. Tbe principal coin age was by the United States, Great Britain, Russia, Germany, Austria Hungary, France and Japan. The ex traordinary coinage of the year ia ac counted for by tbe preparations of Russia, Austria-Hungary and Japan for their mometary reforms. "In tbe case of Russia particularly, gold, which haa been accumulating for years, much of it in bars was passed through the mints to prepare it for circu- ?ear b Ter until it is the greatest single board of treasure the world ever saw, is In ItseU a most notable event Tbe development of Russia, ber position aa an exporter of breadatuffs, ber policy of developing home manufactures, will all tend to protect her stock of gold and make nse for more, but ber own gold production is increasing, and nnless she is about to enter a period of nnpreceden ted activity and development, it seems likely to supply her needs. Need or International Call. "Throughout the world, among all peoples who are sufficiently civilized and ambitious to have international inter course, there is manifest a deire to bring their own curriencies into definite and stable relations with the money of the peoples with whom tbey trade. The ex porter 'desires that the money with which he buys at home and the money with which be sella abroad shall have a common nnit of value. Tbe manufacturer who is competing in foreign markets desires tbat tbe money with which he buys raw materials and labor at home and the money in which he must quote price abroad shall have a relation to each other npon which he may rely and calculate. If the monetary systems of those countries have no common unit if each nation, in igno rance or misled independence, prefers an independent system of his own' they will inevitably vary in value from each other, and the profits ot the inter national transaction we are considering are subject to these variations are, there fore, a barrier to tbe trade between tbe countries. "It waa to escape from such fluctua tions of the Russian currency, which, in 1872, reached 9 5 per cent, and in 1891. 28 per cent, that the Russian govern ment has fixed its paper money at the gold standard, for the same reason, India closed its mints to the unrestricted coinage of silver, and has been strug gling since to hold its rupees at tbe fixed value of 16 pense. It is for this reason that even Peru, with its compara tively small foreign trade, has closed its mints to the unlimited coinage of silver. It is for this reason tbat the government of France, while friendly to an inter national agreement upon the bimetallic money standard, will not entertain any proposition that involves a possible separation of her own currency from tbe standard used by the other important commercial nations of the world. "The enterprising peoples of the world are not voluntarily assuming or remain ing under conditions which put them at a disadvantage in the keen rivalry that salesmen find in every market. The en lightened judgement of the time con demns such a meaningless and burden some restraint upon the exchanges. "Nor ia there any merit in the plea sometimes made, that inasmuch as most of a country's business transactions are domestic and only a small percent age of them international, therefore the relations of its money to the money of other countries is of equal small impor tance. The truth ia that prices In all domestic sales are related to prices in international transactions, and cannot be seperated from them. The values of all goods that enter Into the common consumption of mankind are interna tional, and cannot be affected by mone tary legislation. Legislation can alter the value of a local currency, bnt the owner of goods of world-wide demand simply raises or lowera his price to cor respond with the coinage value of tbe money. "Clear aa these principles seem to be and attested by the unvarying resources of all countries, there are those every where who protest against all measures to enforce them. Certain narrow ob jections and sophistical doctrines be come familiar. Some assert tbat the depreciation of a country's money baa a good effect by stimulating its exports. Tbe shipper sella bia products abroad for gold, converts tbe gold Into the cur rency of bis country, and as tbe latter declinces In value, of course bo gets more of it. Tbe net gain depends npon bis opportunity to work this depreciated currency off on somebody else at ita old yalue. In some countries the exporters claim to bave succeeded in doing tbia, and tbey are pleased, and pronounce it a good thing. "It is said, for instance, that in India, while the prices of wheat and tea in silver currency bave aovanced, the planters can still hire labor at about tbe same wagea as before. Evidently, if the wage earner consumes wheat and tea, be is not sharing the good thing. It is said tbat in Mexico manufacturers and planters have enjoyed prosperity by reason of the rising prices of their pro ducts in silyer, while wages have ad vanced but little, "Tbe question naturally arises, Who buys these products? Who consumes, in those countries, cotton, flour, sugar, " shoes, meat and otber things which in any country are certain to rise aa the tbe local currency declines? It is evi dent that the stimulus to enterprise which these countries have enjoyed has been precisely such a stimulus as tbe United States would bave if tbe wage earners of t.'.it country would agree to gether to accept a 23 to SO per cent re duction in there pay. That might truly stimulate the export trade for a time. "As a matter of wage reduction, a de preciating currency may be accepted as effective. Asa policy to stimulate ex ports it is, in some cases, eff active but temporary ; for, if it ceases to depreciate, wages and other expenses will gradually adjust themselves to it' the exporter los ing his 'premium,' while if it continues to depreciate, it will eventually become worthless, and all its snfluence, benefi cent or otherwise, and will perish with it. As a policy npon which to build a nation's trade and prosperity, it begins in fraud and ends in failure." WoleeU Comralealon. Reviewing the efforts of theWoIcott international bimetallic commission, the director says the sentiment in favor of a bimetallic monetary standard, supported by international agreement, had found expression, not only in the legislative bodies of France and Germany, but of Great Britain, and it bad, therefore, seemed opportune . that a conference should be bad with a view of ascertain ing what concerted action might be a reed upon. Mr. Roberts adds : A single nation acting slone is cer tain to lose the dearer metal entirely and retain only the cheaper as its stand ard. Thus, for any country, under pres ent conditions, to open its mints to the unrestricted coinage of both gold and silver at 16 to 1, or any thereabout ratio, would be for it to lose what gold it pos sessed, because that metal would surely go where it was rated higher. If, bow ever, there was no country in tbe world where it was legally higher, there would be no place to which ft might go for monetary use. Allowing that the ratio originally agreed to was approximately the market ratio, the valuation thus coinciding with the judgment of the commercial world, there eeeuiB every reason to believe that such an inter national agreement would accomplish its purpose." Although the efforts of tbe commission were brought to an end by the refusal of the government of India to join the movement, the director considers the failure indirectly due to a (trowing feel ing that tbe rapidly increasing product of gold has radically changed the situa sion from what it waa 10 years ago, when, tbe gold product seemed to be at a stand still or declining. It has changed to in difference or opposition to the attitude of many who feared a depreciating standard, but who are quite as much op posed to a depreciating one. Inoreaae In Gold Production. "Great as was the world's production of gold in 1897," continued the director, "amounting to the valve of $237,604,800, and exceeding tbat of 1896 by $34,822, (Concluded from page two.)