OREGON CITY ENTERPRISE, FRIDAY, NOVEMBER 22. 1907.
CERTIFICATES AND
BONDS TO ISSUE
GOVERNMENT PLANS TO AID IN
MOVING BIG CROPS IS A
WISE STEP.
Secretary Cortelyou, as a means of
affording relief to the financial situa
tion, has ordered that the Treasury
Issue $50,000,000 of Panama bonds
and $100,000,000 certificates of In
debtedness, or so much thereof as
may be necessary. The certificates
will run for one year, and will bear
3 per cent interest.
The Secretary's action in coming
to the relief of the financial situa
tion meets with President Roosevelt's
hearty approval, and the plan Is the
outcome of the several White House
conferences when the financial situa
tion was under consideration.
Secretary Cortelyou says that the
Panama bonds will afford substantial
relief, as the law provides that they
may be used as a basis for additional
National bank circulation. He also
states that the proceeds from the sale
of certificates can be made directly
available at points where the need is
most urgent, and especially for the
movement of crops, which he says,
"if properly accelerated, will give
greatest relief and result In the most
Immediate financial returns."
The Secretary calls attention to the
attractiveness of the bonds and cer
tificates as absolutely safe Invest
ments. Secretary Cortelyou adds that
these relief measures will enable him
to meet public expenditures without
withdrawing for that purpose any ap
preciable amount of the public mon
eys now deposited In National banks
throughout the country.
In his letter to Secretary Cortelyou
approving the Treasury plans. Pres
ident Roosevelt states that he has
been assured that the leaders In Con
gress have under consideration a cur
rency measure which will meet In per
manent fashion the needs of the sit
uation, and which I .believe will be
passed at an early date after Con
gress convenes two weeks hence."
The President also suggests that
what Is needed most at this time is
that the people should "realize how
fundamentally sound business condi
tions in this country are, and how ab
surd It is to permit themselves to get
Into a panic and create a stringency
by hoarding their savings instead of
trusting perfectly sound banks."
The President's letter to Secretary
Cortelyou follows:
"The White House, Washington, D.
C. Nov. 17, 1907. My Dear Mr. Cor
telyou: have considered your pro
posal. I approve the Issue of the fifty
millions of Panama bonds which will
be Immediately available as the ba
sis for additional currency. I also
approve the issue of $100,000,000, or
so much as you may find necessary,
of $50 3 per cent Interest-bearing Gov
ernment notes, the proceeds of the
sale of which cart at once be deposited
by you where the greatest need ex-
Ists, and especially in the West and
South, where the crops have to be
moved. I have assurance that the
leaders of Congress are considering a
currency bill which will meet in per
manent fashion the needs of the situ
ation, and which I believe will be
passed at an early date after Con
gress convenes two weeks hence.
"What is most needed Just now Is
that our citizens should realize how
fundamentally sound business condi
tions In this country are and how ab
surd It Is to permit themselves to
get into a panic and crente stringency
by hoarding their savings instead of
trusting-perfeetly sound bank3. There j
is no particle of risk in letting
business take its natural course and
the people can help themselves and
the country most by putting into ac
tive circulation the money they are
hoarding.
"The banks and trust companies
are solvent. There is more currency
In the country today than there was
a month ago, when the supply was
ample. Since then $55,000,000 in gold
has been Imported and the Govern
ment has deposited already $G0,0O0,
000. These are facts; and I appeal to
the public to co-operate with us in
restoring normal business conditions.
The Government will see that the
people do not suffer if only the people
themselves will act in a normal way.
Crops are good and business condi
tions are sound, and we should put
the money we have into circulation at
once to meet the needs of our abound
ing prosperity.
"There Is no analogy at all with
the way things were in 1893. In No
vember 30, of that year, there was in
the Treasury but $161,000,000 in gold.
On November 14, of this year, there
was in the Treasury $904,000,000 gold.
Ten years ago the circulation per cap
ita was $23.23. It is now $33.23. The
steps that you now take, the ability
of the Government to back them up,
and the fact that not a particle of
rlBk Is Involved therein, give the ful
lest guarantee of the sound condition
of our people and the sound condi
tion of our Treasury. AH that our
people have to do now Is to go ahead
with their normal business In a nor
mal fashion, and the whole difficulty
disappears; and this end will be
achieved, If each man will act as he
normally does act, and as the real
conditions of the country's business
fully warrants his now acting. Sin
cerely yours,
"THEODORE ROOSEVELT."
dent's letter to the Governors, which
was made public at the White House.
The letter says In part:
"It Is evident that the '-'abundant
natural resources on which the wel
fare of this Nations rests are becom
ing depleted, and In not a few cases
are already exhausted. This is true
of all portions' of the Tutted States;
It Is especially true of the longer set
tled communities of the East, The
gravity of the situation must. I be
lieve, appeal with special force to the
Governors of the States, because of
their close relations to the people
ami their responsibility for the wel
fare of their communities.' The mut
ters to be considered at this confer
ence are not confined to any region
or group of states, but are of vital
concern 10 me imii'u iim it mnr
to all of the people. These subjects
Include the use and conservation of
the mineral resources, the resources
of the land and the resources of the
waters In every part of our territory.
"In order to open discussion I shall
invite a few recognized authoritlen
to present brief descriptions of actual
facts and conditions, without argu
ment, leaving the conference to deal
with each topic aa It may elect.
TREASURER STEEL
ASKED TO RESIGN
anil enabling business to be resumed,' 1
It la probable that all Ou Rational
banks would be willing to tak advan
tage of this guarantee, because the
additional security given to their do-1
posltors would bo of great advantage
to the banks. During forty years the
annual average loss to depositors ha-t,
been small, less than one-tenth of 1
per pent, so small that It wonld be an
Insignificant tax upon the four or five
btlliou dollars of deposits. The gov-1
eminent would have ample security1
in the capital and surplus of the,
banks which would voluntarily Join
lu the plan. , ,.
The only objection that occuipi to'
me Is that State banks might be less ,
attractive to depositors if National
banks are guaranteed. Hut there are
two answers to this objection. In the
first place, State bankare-tikely loj
suffer. If this financial strlugency i
continues, and they are therefore in-;
terested in restoring confidence; In1
the second place, there is no reason;
why Statj banks should not be pro- j
teeted by a similar system under i
which the State would guarantee de-j
nosltors in State banks and collect ;
the expense from State banks guar
Clearing
House Certificates Taken at Par
PIGEON HINTS.
For a Good Table to eat Your Thanks
giving Dinner on, go to
Corner Main & Seventh
The Big Sacrifice Sale will Continue for a
few days longer. Following are a few of the Bargains:
W
V V
IL,
O LUiO
The Home Furnisher
GRANGERS OVER THE STATE SAY
HE IS UNFIT FOR HIS PRES
ENT POSITION.
Our Granger friends are up lw arms
over the proposition of the State
Treasurer having nearly $400,000 In
the defunct Title Guarantee and Trust
Co. at Portland, with little Becurlty,
and well they may be. As a result
the Grangers over the State are tak
ing up the matter and are asking that
State Treasurer Steel resign aa the
only way to enable the State to re
cover Its lost funds.
Governor Chamberlain and District
Attorney McNary, of Marlon county,
practically take the same view of the
matter. The opinion of these officials
is backed up by the investigation the
Attorney General is making and that
official is understood to be preparing
a legal statement of the whole situa
tion from the standpoint of the State.
Under the direction of the Gover
nor, the Attorney General ha3 been
having consultations with representa
tives of the American Surety Com
pany, of New York, against w-hom the
State holds bonds for $C00.0OO to pro
tect State funds, and the State has so
far taken no steps without being ad
vised somewhat of the views of the
surety company so that the New York
sureties cannot find fault with any
of the proceedings.
It is the opinion of business men
generally that it is the first duty or
State Treasurer Steel to take such
steps as will enable the State to re
cover the money placed in that bank.
He admits having only partial collat
erals for his deposits there at Port
land, but claims the State will get
dollar for dollar, and that he, Steel,
never got a cent for having so large a
sum in the Thornburn Ross corpora
tion. If Mr. Steel takes the view that It Is
first duty to help the State get its
school funds, he will resign, and when
his successor is named the funds will
be asked for to be transferred to the
new Treasurer. Then Steel will say
they are in the busted bank. Then
his successor will sue the New York
Surety Company, whose bonds the
State holds to the tune of $000,000.
That company Is good, and the State
will get Its $395,000, and not other
wise. No one but Steel believes that
the defunct institution will pay out
ten cents on the dollar. The bank Is
now quarreling over the receivership.
It will be hard to make the people
believe there is any politics In the
movement to get Steel to resign.
Governor Chamberlain says he will
appoint a business man as State
Treasurer.
8om Suggestion For Breeders of tht
Feathered Beautio.
Don't neglect the drtnklug water at
this season of the year, ami have It ,
IresU for the birds every day. During
the cold weather add a pinch of cay-!
eune iepier to the drinking water. '
which will not only warm the birds up, j
but w ill prove very Uuieficlal. '
Whole com fed shortly before dusk
duriug the cold winter month will aid
In keeping the birds warm and com-,
fortable duriug the cold nights, and
as homing pigeons are not lined for
flying duriug the whiter month the
additional flesh that corn will put on
the birds can easily ln reduced In the .
spring by a few days' bard flying. i
Grit should u,.f ne overlooked dtng j
the cold weatb. w hen the birds re
kept In confine ent and the ground U
frozeu too hard to crmlt them to pick
up the necessary Ingredients for tlw !
purpose of properly digesting their ;
food; hence we must provide pleuty of ,
good sharp grit for our pets.
Don't allow the birds to bathe often
er than once a week during cold weath
er, as the dangers of their catching
cold are too numerous for the benefits
and pleasure the birds derive from It.
and, in my opinion, a bath oftener than
once a week during the cold weather
would be "penny wise and pound fool
ish." Trovlde pleuty of perches for the
birds so that none will remain hud
dled up on the floor or In corners sub
ject to a draft of cold air, which
will result In a case of roup, canker
or consumption.
Keep an eye on the birds In general
and remove the first one that shows
symptoms of disease of any nature, aa
Its presence nmong the flock will prove
an expensive experience to our care
lessness, and, besides, "an ounce of
prevention Is worth more than a pound
of cure," especially to plgeou fanciers.
Go through the loft with the cour
age and henrt of a lion and get rid of
all birds that are not fit to be fed dur
ing the winter, as a good bird w ill eat
no more than an Inferior one, and the
money saved from feed on an inferior
bird will soon buy a full blooded speci
men. Have no mercy on a cheap, In
ferior specimen.
CARPETS "GLASS I CROCKERY
Granite Carpets, fast color, 50c 8xl0f 5c each c '
unow 35c per yd. ,0x,2 6c cach P aJd "ucm, t c
Halt wool, 65c carpet now 45c inx14 7c each j tt i Jt .
All wool 90c carpet now 75c IjJ' "fh and a11 our stock cording!,
$1.25 wool carpet now $1.00 HxJ8; ,0ceach ... . A
16x20. 20c each WALL PAPER
LINOLEUMS fl: Hi ,0c paper, 5c per double roll
75c values now 50c per yard 24x32, 45c each " JPC ' " '.'
$1.00 " 75c " " 24x28."40c each c I5c
28x32, 60c each Oc 20c
DATMTC 30x30, 60c each 40c 30c
AilN I S 24x36, 55c each
mairUlbutgaranteed 5 years v, , t t
per gallon $1.25 iutchen Lhaifs
p" quart 35c Fruif 75clu " " 55c each
I IUII $1.25values - 1.00"
$ 1 .25 screen doors for 75c each
$2.00 " " 44 $1.25 " I HPS ""
25c val. window screens 15c" JUI AVEc
35c 20c" . v -fWEO
Ul $1.25 values - - 75c each
$3.50 top matress $2.25
tSLtoa ?J8 CSt Ranges and Stoves
3-50 " " 2.25 Ranges from - $22.50 up
w.
The Home Furnisher
: Mam and Seventh Sts.
DON'T liLAME
THE PRESIDENT
LET GOVERNMENT
GUARANTEE DEPOSITS
MR. BRYAN OFFERS SPEEDY SO
LUTION TO PRESENT FIN
ANCIAL STRESS.
INVITES THE GOVERNORS.
Convention at White House in May.
Congressmen Invited.
President Roosevelt has Invited the
Governors of states and territories to
meet him at the White House, May
13, 14 and 15, next, to discuss the
question of means to conserve the nat
ural resources of the country. Invi
tations are to be extended to the
members of both house of Congress,
and to the Interland Waterways Com
mission. The Importance and man
ner In which the subject Is to be con
sidered are Indicated to the Presl-
Mr. Bryan is out with a new plan to
make depositors in National and the
State banks safe. In an interview in
Washington Thursday he said:
The Administration is prepared, go
we are informed, to recommend a pos
tal savings bank. While this would
doubtless encourage deposits and
while those deposits could in turn be
handed over to the banks, It does not
furnish complete relief, because the
plam as presented limits deposits and
does not contemplate the opening of
circulation account1?. The business
community, therefore, cannot use the
postal savings banks to any great ex
tent, and besides It would take some
time to Inaugurate a postal savings
system and secure the necessary num
ber of employes to make the plan ef
fective throughout the country.
I believe it Is possible for the gov
ernment to give Immediate relief by
an act of Congress providing for the
guarantee by the government of all de
posits in all National banks, the banks
thus guaranteed to agree to reimburse
the government for any losses In
curred and to make this reimburse-
j merit in proportion to their deposits.
The advantage of this plan is:
First That every depositor in such
guaranteed bank will feel secure.
Second. The expense of it will be
paid by the banks which get the ben
efit of It and this expense will be
small compared with the benefit to be
gained.
Third. It can be put into effect Im
mediately, thus restoring confidence
Open Front Poultry House.
Willxr Bros, of Petros, Tenn., say:
We use and much prefer, especially in
the south, where our winters are mild
and summers warm, the open front
scratching shed style. Probably this
style of house would not suit the north
ern or eastern breeders in their deep
snows and zero weather. It gives
great satisfaction south, where the
winters are mild and deep snows sel
dom seen, and birds can lie on ground
most every day In the year.
For young growing Mock we prefer
and use movable houses made of light
wood and often piano boxes or large
dry goods boxes well covered and ven
tilated, that we can move often from
place to place, that birds may have
new range.
A Remedy For Worms.
For adult fowls affected with worms
try one tablespoonful of oil of turpen
tine mixed with an equal quantity of
olive or sweet oil. This remedy should
be given after the bird has een fust
lug for at leust twelve hours. It is
best given by introducing It directly
Into the crop through a rubber lube
passed down the throat. The mixture
can be placed In an ordinary hard
rubber syringe with a soft rubber tube
attached to same. The dose may be
repeated In two or three days If neces
sary. Thoroughly disinfect all drop
pings, using a good creolln disinfectant
To Cur Feather Pulling.
Mix a teaspoonful of extract of aloes
with half a cup of lard and apply this
ointment to the affected parts. The
bitter taste will discourage the feather
pullers. If the birds are closely con
fined you may find it necessary to use
poultry bits. These are small wire
bits which can be attached to the up
per mandible and will prevent feather
pulling. They can be had of almost
all poultry supply dealers.
Mr. Hryan, speaking at a banquet
at Lafayette, Ind., Monday, declared
that President Roosevelt should not
be held responsible for the present
financial stringency. Mr. Bryan
placed the blame on the Wall street
gamblers.
Mr. Bryan expressed himself as In
favor of the postal savings bank ami
said he believed it to be a better plan
than an asset currency. He said:
"We are in the midst of a financial
stringency that Is In some respects
more acute than that of 1893. I am
not going to blame the President or
a Republican administration, but I
know who would be blamed If I were
President. If I were President, every
cross-roads Republican would be
blaming me. The panic of 1873 came
12 years after the Republicans took
power and 11 years before they sur
rendered power to the Democrats. I
am not going to blame the President,
because I don't think the blame
should be laid at his door. I am going
to do him the Justice to say I won't
Join In the chorus of Eastern finan
ciers who want to make him the
scapegoat. Those who violate the
law should be blamed, not those who
have turned on the light recently.
"There is no excuse for the people
being afraid that their banks are not
solvent. What Is the cause of this
panic? The President Is not to blame.
Who is to blame? The Republican
leaders who had control of the coun
try for 47 years. They have so chain
ed us to Wall street that, when a Wall
street gambler falls, our business
world trembles all over the country.
"The common people and not Wall
street gamblers should handle this sit
uation. The man who will draw out
his money now, when he does not
need It, is in the same class as the
man who would refuse to aid his
country in time of war. This la a
time when great patriotism Ja needed."
ably not gent-rally known there are
approximately 52,fino acre of grapes
In the Emprise utate. Of this acre
age .10,0110 lies In the Chautauqua dis
trict. 15.000 In the C'anamlalgiin nnd
Keuka district, 3, mm along the Hud
son river, 2.000 In the Seneca lake
district and Uno in the Niagara dis
trict, with 1.000 more acres scattered
over the state. It Is not alone sunny
skies and balmy climates that bring
the grape to fruition.
LONE WOMAN
TRAVERSES WILDS
Keep Chickt on the Grata.
It may be handy to throw scraps out
at the kitchen door or window, but
this practice makes a nuisance of the
chickens If the yard fence Is not chick
en proof. They loaf around the back
door waiting for a few crumbs and do I
not grow so fr.st in they would rang
ing green fields, picking up' the daititle
nature so gencrotislf provides at this
season. ,
Mllwaukie, Wis., club women have
Just about a bowing acquaintance
with the stork. They might know the
skinny old bird from a canary If they
saw him. One or two members of
each of the 10 most prominent wo
men's clubs In Milwaukee were asked
to ascertain the number of babies
born to members of their club during
the past year. They did It, and when
they had finished some of them were
ashamed to tell what they had found.
There are 1,021 women In those 10
clubs, and In the, past year Just 14
babies have been born among them.
Even then a pair of twlna Is counted
as two. The 10 clubs Include the
leading women of the city.
"Grapes of New York" is a volume
shortly to be issued from the Geneva
experiment station. It Is a fact prob-
A Seattle special says: Two thou
sand miles through the wild region
north of Edmuntln, with only two In
dians for her companions much tX the
time. Is the Journey completed re
cently by Countess Meherenee de St.
Pierre of St. Brleu. Brittany, France,
who is now a guest In Oil city. The
trip consumed the greater part of
three months, during which time the
French countess traversed treacher
ous streams In canoes, penetrated
vast forests on foot, climbed barren
mountain slopes and performed nu
merous other difficult feats that fall
to the lot of those who answer the
call of the wild, and get close to na
ture. Tiring of the continuous round of
social duties that fall to the lot of a
titled woman In gay Paris, the coun
tess determined to make a Journey
through the practically unexplored
part of North America.
From Seattle the countess goo to
San Francisco ami thence to Mexico.
Before returning she will pay her re
spects to President Roosevelt, and,
WANTED.
Dead horses, cattle, pin, ,,h,.p and
goats called for and disposed of ,ot.
fy Oregon City Hone Mill & Fertilizer
Works, Highland Road. st3
Cement Housei.
Henry P. phlpps. the wealthy steel
manufacturer, who in 1905 gave 1..
ooo.ono for the erection of model tend.
incuts in New York City, U Rrcatly In
terested In the possibilities of the
two-family cwrretn house planned by
Thorniis A. Edison, the inventor, and
which. It is claimed, can bo built
within 12 hours at a cost of liooo to
$1200.
Mr. Edison will have tho mold for
a full hu1 double residence cast this
winter, and as soon aa the fnrnt Is
out of the ground next spring ho will
build one of the houses near his lab"
ratory. if It proves satisfactory Mr.
Phlpp will probably, In co-operation
with cither wealthy men, erect K Urgo
number of these houses near New
York city.
"A total of 21,000 towels were stol
en from the free public baths of Bos
ton In the last season. " Ho walla the
Boston Traveler, which allege that
"many Boston families have sent chil
dren to tho bathhousea for tho pur
pose of supply ng the families with
towels for the year."
count of her Jouri
lv h
ty.
SENATOR BOURNE
LOSES HIS CHEP
Senator Jonathan Bourne, .Tr., had
a sad experience with the Washing
ton aervant problem last week. He
had engaged a well-recommended col
ored cook ami with several political
friends as guests was about to sit
down to breakfast to enjoy the first
meal prepared by her. Just as break
fast was being served the fashionable
precincts of Stonelelgh Court were In
vaded by two members of the Me
tropolitan police force, who huatled
Into the Senator's apartments with
but scant ceremony, pinched the cook
and hauled her away in a patrol
wagon.
Helping herself to valuables at the
place she had left to take service with
Senator Bourne was the cause of her
downfall and of almost .stampeding
tho Senator's breakfast party.
"Better Goods
For Less
Money"
That's what everyone i looking
for nnd tho long search is nc
when you jilnee un order with us.
We scour tho world's iimrket
for tho very finest poods, there
fore you can deend upon obtaining-
of ur goods of quality.
Wo buy in nuch quantities nnd
nt such saving jirioes and satisfy
ourselves with Ruch a small profit
that you will find our prices
right.
Try lis for flrocerioR, Canned
flood, Bread, Crackers. Confec
tion, Fmits, Vegetables and
Oreen Ooods. Everything kept
in a first-elass grocery store.
A. Robertson
Seventh St. Grocer