Morning Oregonian., October 09, 1908, Page 10, Image 10

10
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POBTLAXn. FRIPAT. OCT.
1009.
YH UT. O THE PACIF10.
If you ar looking; ahead, for de
velopment and growth of Paclflo
commerce. and for extension of
American business and Influence upon
the Pacific Ocean, you -0.111 not rote
for Bryan.
' Plattsmouth 1s Bryan's seaport
Plattsmouth. where tha mighty
Platte, two miles wide, four inches
deep and one thousand miles long,
roils Into the Missouri all unconscious
of the Increment; the mighty Platte,
typical of the Bryan oratory and the
Bryan eloquence and Bryan National
policy.
But Plattsmouth is not the seaport
of our Pacific states. We smell ocean
breexes here, and we want a policy
suited to our position and require
ments. We are not Little Americana.
There are two American coasts. We
are on the Pacific.
The outlet of the vast country west
of the Rocky Mountains, Its communi
cation with the outer commercial
world, shipment of Its products, must
be on the Pacific on and through and
over the Pacific Ocean. We want a
National policy here. Taft Is a man
who knows what our National policy
on the Pacific should be. Plattsmouth
contents Bryan.
Every producer, every workingman,
every merchant and trader west of
the Rocky Mountains every farmer
and miner and lumberman and herds
man and dairyman, in the region
where the water runs from the moun
tains westward to the sea, desires
the upbuilding of our commerce on
the Pacific Ocean. The Bryan policy
would abandon our Islands in the
Pacific, the outposts of that com
merce, the bases and the stations and
expectations of its growth, and thus
would go far to close the porta of our
Pacific states.
But we doubt whether even P!a:t
inouth and Nebraska will vots for
Bryan. It may be shrewdly suspected
Hut ha rino.n't even know his own
state. But whatever Nebraska may
do, Bryan should not obtain a single
electoral vote west of the Rocky
Mountains. Of the popular or gen
eral vote he will get some part, of
course; for there are those who sink
everything else In an intense Demo
cratic partisanship. They have done
it on every question that has arisen
these fifty years; yet they now are
glad to forget it, or to have it all
forgotten. So, later, they will be glad
to forget, and to have it forgotten,
that they wished and advocated and
voted for a policy destructive of the
interests of our Paclflo states and of
the whole country in our commerce
in and upon and beyond the Pacific
Ocean.
Every one of our Paclflo Coast
states should throw an overwhelm
ing majority against Bryan. Do we
want to get out of the Paclflo Ocean T
Do we wish our ports to He idle?
Is the Atlantio our only seaboard?
Are we Little Americans?
AJtOTIIEB AMERICAN UNDERTAKING.
Work has begun on the great
scheme of obtaining new" wnter sup
ply for the City of New Tork. The
district lying in the higher parts of
the Catskill Mountains, eighty-two
miles from the city, has been chosen
as the source of supply. From this
district the water flows east to th9
Hudson, north to the Mohawk and
west to the Delaware. The district
lies in Greene County, about four
teen miles northwest of Kingston,
X. Y. There, a reservoir will be con
structed ten miles long, having an
average width of one mile; it will have
a storage capacity of 171.000.000.000
gallons, and a dally capacity of 600,
000.000. The aqueduct will cross
many valleys, which will be filled to
carry It, and all the earth embank
ments will be finished with concrete
core walls. One of the embankments
will have a height of 110 feet, and a
length of two and one-half miles. Tha
aqueduct will cross the Hudson
River by a tunnel probably at fctorm
King, below Newburgh and above
PeekskllL From there connection Is
with the Croton system at White
Plains and Scarsdale. Just above
Yonkers. It is a work second la
magnitude only to the Panama Canal.
First estimate is 11(1.000,000; but
this sum probably will be much ex
ceeded. Only a small force thus far Is en
gaged on the work, since the prelim
inary arrangements for taking care
of the workmen will require consider
able time. But the work of clearing
in the basin of the water supply has
commenced. All swampy sections will
be drained and filled in, logs, decay
ing trees, brushwood and stumps will
b- removed, and everything perfectly
cleared away and the banks rip rap pod
for a distance of twenty feet above the
normal water line. Hundreds of cot
tages for housing tfrrt workmen and
their families are under construction,
and the number will be rapidly in
creased. The head reservoir in tht
l'atkl!!s will be known as the Asho
kan; the contract for its construction
has boen let to one company, and
the contract for twelve miles of the
aqueduct, on the east side of the
Hudson. Just north of Peekskill. has
bem let to another. Tho Legislature
of New York two years ago granted
all necessary authority for appropri
ation of water and land necessary i'or
the purposes of the work. Right of
way will be a heavy item of cost.
It is probable that tne city or new
York will never be obliged to seek
other water supply. Croton, through
Its two aqueducts, now supplies S80.-
000,000 gallons daily. Addition of
600,000.000 gallons dally will create
abundant supply for a population or
ten millions. The water will be car
ried both to Brooklyn and to Staten
Island. Completion of the work may
not be attained in less than ten years.
But the immense cost will not fall
wholly on New York. All America
will contribute to its payment,
through prices paid by people who
visit or tio business with the great
metropolis.
TAJtm Arm PANIC.
The wreck of business from 1893 to
1897 was not due to free trade, to
reduction of tariff, or to fear of
either, but to an insane monetary pol
icy, that portended substitution of the
sliver for the gold standard.
For this Insane policy both lartles
were responsible but not In equal de
gree. By 1896 -the Republican party
had righted Itself and came out
straight for the gold standard. On
the other hand the Democratic party,
throwing its gold standard men over
board, declared outright for silver
cursing President Cleveland because
he had forced repeal of the sliver pur
chase act, and had checked the down
ward course of money, business and
credit to the sliver basis.
The demand for free coinage of
silver had produced the most severe
and long-continued crisis the coun
try had ever seen; nor can It ever
see another like it; because only such
insanity as that of the silver craze
ever could or ever can produce such
a result.
Mr. Taft Is not wise In using the
stale argument that it was fear of
free trade or of tariff reduction, that
produced the.panic of 1893-97. For
it was nothing of the kind. It Is an
argument that disgusts those who
want reform and (reduction of the
tariff.
Yet there is no reason to suppose
that Democratic party legislation
would better It. A tariff act framed
by that party would simply substitute
one set of schedules for another, as
before, with as much favoritism in
the tariff as now, or more. That was
the result when a Democratic Con
gress last time dealt with the subject.
The tariff never can be settled or
dealt with properly, as a party meas
ure. Between the parties it always
will be a matter of schedules, framed
by one side and the other, to meet
special Interests, according to the
weight of their political power. The
South, though voting solidly for
Bryan, never will have foreign frod
ucts that compete with its own put
on the free list, or the tariff on them
much reduced.
Fear of free trade, or of tariff re
duction will now produce no panic;
nor did it produce the panic during
the last. Democratic administration.
The silver folly did that..
NEW GAMJS LAWS.
When the pioneers setttled Oregon,
game and fish 'of many varieties were
so plentiful that everybody could kill
and eat as much as he liked. Now
they are so scarce that the wealthy
can only procure them occasionally
and the poor not at all. Meanwhile
In England and Scotland, where the
population to the square mile exceeds
ours many times over, game becomes
more plentiful every year. The fish
ing is always good and the markets
are so well supplied In the proper sea
son that everybody is able to pur
chase. Is it not a strange spectacle
to see American millionaires leaving
their own sparsely settled country and
going to Scotland to rent shooting
lands? Why does game persist and
thrive on the Scotch moors and the
English uplands amid a dense popu
lation, while the approach of human
beings in America Invariably exter
minates it? These are questions which
are conjmended for the prayerful con
sideration of the Oregon Fish and
Game Association. Correct answers
to them might guide that patriotic so
ciety to propose some sensible legis
lation this Winter.
Those of us who are interested in
the preservation of game seem to
learn precious little from experience.
For many years we have been en
gaged In devising ever new and more
stringent laws to restrict shooting.
The closod season has been prolonged.
Shipments have been prohibited. Wild
fowl have been virtually excluded
from the markets. But In spite of
these regulations, severe as they are,
the elk is on the verge of .extinction,
upland birds grow scarcer every year,
our rivers are almost depleted of fish.
Something Is wrong with the princi
ples underlying our game laws. What
is it? Stringent as they are, they fail
to protect the game. Persons who
know the facts are aware that deer
are shot near Mount St. Helens and
elsewhere all the year round. Hunt
ers go into the woods as soon as the
snow melts, and stay until Winter
drives them out, pursuing the game
with hounds and slaughtering it ruth
lessly, and nobody Interferes with
them. All along the Oregon coast
line It Is habitual with certain persons
to drive deer down from the moun
tains with dogs and shoot them by the
dozen. That this practice prevails
wherever game still exists is notori
ous. Everybody who visits the
beaches knows about It, and yet no
body Interferes.
One trouble with our restrictive
game laws is that It is impossible to
employ wardens enough to enforce
them. Each guardian of the game
has hundreds of square miles under
his charge. To know what Is done
even upon a small fraction of his beat
surpasses human ability. If the rural
population would aid the wardens.
things might go better, but that they
will not do. Most of the young men
in the woods and farming districts
are leagued against the law. They
wui not give Information of breaches,
nor will they testify against each
other. The people feel that game
laws are a piece of tyranny, and It is
a point of honor to rebel against
them. It may also be accepted as set
tied that game laws which seek to
restrict the liberty of the farmer to
shoot over his own fields whenever he
pleases cannot be enforced. To con
vict. a Jury of farmers must be In
duced to punish one of their own
class for doing what they all claim
the right to do. This Is a task which
few lawyers can accomplish. Our
game protectors may as well abandon
finally all attempts to convert the
farms of the Willamette Valley Into a
game preserve for city sportsmen.
It cannot be done. The farmers
claim and will maintain the overlord
shlp of their land and such legislation
as is enacted will be aimed against the
city man. not against the farmer, or
his boys either.
If wa really wish to presrva game
THE MORNING OREGONTAN. FRIDAY, OCTOBER 9, I9Q3.
In Oregon, we must go about It after 1
the method which has succeeded in !
England and other countries. We
must cease to lay the emphasis upon
restraining hunters and direct our
efforts toward breeding. The first re
quisite -to abundance of . game is a
series of ample breeding grounds,
where it will be absolutely safe from
human and brute vermin until the
young have been reared to maturity.
These grounds, once ' prepared for
their purpose, could be patrolled at
a moderate expense. Poaching could
be prevented altogether, and skunks,
weasels and similar vermin almost ex
terminated. It is the depredations of
these animals during the nesting sea
son, combined with the ravages of
hunters in the Fall, which makes
birds diminish in numbers. Extirpate
the vermin and the hunters alone, be
they never so industrious, cannot slay
enough birds to Impair tne stocK.
From these public breeding grounds
the game would migrate in the Fall
and every part of the state would ob
tain Its share. It is along this line
that we must work unless we are will
ing to see Oregon speedily become a
state bereft of every species of wild
game. Restrictions upon the slaugh
ter and sale of game are well enough
in their way, but by themselves they
have always proved futile and always
will.
jnaiTorsNTxs in stocks.
The New York stock market has
suffered a heavy decline in the past
two days. With the financial atmos
phere surcharged with nervousness
and suppressed excitement over the
result of the approaching election, it
is hardly probable that there will be
any permanent improvement until af
ter the result is known. The reason
given for the pronounced decline of
Wednesday and Thursday was the
heavy selling of American stocks by
foreign holders. The Balkan war
scare is credited with some influence
In causing this selling movement, but
the overshadowing Influence Is the ap
proaching Presidential election in this
country. In view of the cheap
money and quotations on consols, not
to mention the boom In Kaffirs, which
ordinarily are less attractive than
American shares, it is absurd to as
sume that London is dumping Ameri
can shares because the money is
needed.
The attitude of London is like that
of the conservative element among
our own financiers. "London prefers
to await the results of your election,
even If such a policy should mean our
buying later at higher prices," Is the
cabled response to an inquiry from
New York as to why the American
stock markets -had been neglected by
London investors. This desire to
wait before investing and meanwhile
to be on the safe side by selling stocks
Is not confined to London, Paris, Ber
lin and other foreign trade centers,
but Is also a prominent feature of
the financial news of our own conn-"
try. Call money continues at ridicu
lously low figures, and the .banks of
New York are fairly glutted with idle
funds.
Some of these great money reserves
are being kept out . of circulation
with a view to Investment as soon as
the political Issues are settled and
through an honst fear that -Bryan's
election will unsettle values. There is
also undoubtedly a large amount of
money piled up In the New York
banks and available only for call
loans, because its owners have faith
in Bryan's election and can see in the
general slump that would follow a
golden opportunity for making their
idle funds earn enormous toll. It is
fortunate indeed that the wonderful
recuperative powers of the country
have permitted so nearly complete a
restoration of our financial equilib
rium after the shake-up of a year
ago. Had the possibility of Bryan's
early election been before the people
last October, financial and Industrial
chaos would have reigned supreme.
We are now in a measure prepared
for whatever may come. We cannot
make much headway, snugged down
under bare poles waiting for the pos
sible storm to strike, but we are In
shape to weather it If it does come,
and If we should escape It there will
not be much time lost In getting sail
on and striking the old gait before
prosperity's breeze.
THE NEED OF RAILROADS.
'Transportation," said President
Case, of the Trans-Mississippi Con
gress, "is the one great problem that
overshadows all others." In his ad
dress at San Francisco Mr. Case laid
particular stress on the necessity for
river Improvements, but said "only a
comparatively small portion of the
trans-Mississippi country can be
reached by navigable streams. We
must depend upon the iron rail as a
highway to market for the greater
portion of our products." He urged
cultivation of a more friendly spirit
between railroads and communities in
order that fear of hostile legislation
would not prevent construction of
needed lines, and closed with the en
tirely truthful statement: "The trans
Misslsslppl country ought to have
thousands of miles of new railway In
the next year."
There Is much food for thought in
the remarks of the chief officer of the
greatest commercial and Industrial
organization in the United States.
The necessity of a more perfect un
derstanding and better co-operation
between the people and the railroads
Is dally becoming more apparent. The
advisability of curbing the rapacity
and checking the abuses practiced
by some of the roads has never been
questioned, but the drastic punish
ment that has been inflicted on many
of the chief offenders in the past few
years has had a chastening effect;
the glad hand might now be a more
appropriate emblem than the big
stick. The entire country, and the
Pacific Northwest In particular, is In
need of railroads. We want them
to come here as associates with our
people In the upbuilding and develop
ment of a country which can yield
great returns for railroads and their
patrons as well.
As stated' by President Case, "only
a comparatively small portion of the
country can be reached by navigable
streams. The territory adjacent to
these streams will, of course, develop
to a certain extent whether railroads
are built or not, but the regions from
which we are expecting the best re
turns are beyond the reach of water
transportation, and It is on the rail
road that we must depend for their
exploitation." We have water trans
portation between Portland and Coos
Bay and between Portland and Tilla
mook, but development of the rich
country adjacent to those ports will
be slow, unsatisfactory and compara
tively insignificant until rail commu
nication is established. Grays Har
bor was formerly In the same situa
tion as Tillamook and Coos Bay, and
It was not until appearance of the
railroad that there was any develop
ment of consequence In that region,
which has since become one of the
most populous and prosperous locali
ties on the coast.
For -more than forty years steam
boats, some of them the fastest and
finest -of their class afloat, handled
the traffic between Portland and As
toria, but the growth and Industrial
development of the entire territory
between Goble and Astoria were
greater in the two years following
completion of the railroad than in the
preceding forty years. Similar result
followed completion of the O. R. &
N. to the wheat fields east of the Cas
cade Mountains, and today the trans
formation is taking place on the up
per reaches of the Columbia, where
the railroad is pushing Into the wheat
fields of the Waterville country. The
outlook for new roads in Oregon is
more favorable than it has ever been,
and the coming of these roads should
be a signal for re-establishment of
pleasant relations between the roads
and the people, who have a mutual
Interest with them. Our waterways
must be kept in condition to admit of
large ocean carriers reaenmg aocas as
far Inland as possible, but It is on the
railroads that our greatest depend
ence, must be placed. Every legiti
mate inducement that can be offered
them should be forthcoming in order
to get- them into the country.
The Chinese svstem of decapitating
the diretors of any bank which fails
without leaving sufficient assets to pay
oil tHo creditors has often been re
garded with favor by those who have
been deprived or tne pleasure ot see
ing either their money or-the head
less directors. ' The plan may never
become popular in this country, but
the Chinese have Just constructed a
new banking law that has features of
merit which must appeal to Ameri
cans. One Is that all -deposit banks
must place in the imperial sanK io
per cent of the amount they have on
deposit.. Another provision makes
the directors personally responsible
for all of the liabilities of trie bank.
without limitation and with no release
fmm rnnnsihilitv until two years af
ter they have ceased to be directors.
The Chinese have a reputation for
being slow, but tney are aiso saie.
The one sure way to get the elec
toral vote of the state for Bryan Is for
Chamberlain to take the stump and
urge it as the bounden duty and high
est obligation of every Statement One
Republican to vote for Bryan, so as
to save the sacred cause. Bryan
must get the vote Chamberlain got,
and more, or he can't carry the state.
Now If Chamberlain will take the
stump, visit every county and make
such appeal to Statement One Repub
licans as will convince them of their
duty, then Bryan may have a show
or chance to carry the state. Other
wise there Is danger that it will vote
for Taft. "Our George" has little
time enough, if he is to make this ap
peal in every county.
What promises to be a most pros
perous year has opened at the Uni
versity of Oregon. A student body
drawn from all sections of the state
and mustering-500 strong has entered
upon a carefully prepared and com
petently supervised course of study.
The athletic contingent is already
afield looking toward honors at
Thanksgiving and later on the track.
This Is well. Having been Indorsed
by the voters, and especially by the
voters of Multnomah County, it is
Incumbent upon the university to
"make good" all along the line, and it
Is gratifying to note that it is more
than likely to do so.
Ex-Senator Dubois has suspended
publication of the Idaho Scimitar. He
says he is without funds and the pa
per had no advertising patronage.
The Scimitar lacked many things to
make it a success, but the greatest
was the "long-felt want." The Scimi
tar was started to fight a religion
for in spite of all said and done
against It, the Mormon Church is a
practical religion and fighting a
creed for profit never has paid and
never will.
One Seattle politician sued another
Seattle politician for 315,000 damages
for slander. The Jury, after deliber
ating for two hours, brought in a ver
dict awarding the plaintiff $25. Mod
esty regarding the worth of character
never was a pronounced feature of
the Seattle spirit, but the man "who
was unable to estimate within 314,
975 of the extent of the fracture sus
tained by his character must have
been a newcomer.
A reader of The Oregonian writes
to suggest that the High Schools of
the city should be distinguished as
"No. 1," "No. 2," and so on. This,
he says, would eliminate "East Side"
and "West Side." But wouldn't It be
well to give each of these schools the
name of some one of our old pioneer
citizens? Most of the schools already
have such distinctive names.
Mr. Tom Moffat and Mr. Dee Mat
lock, of Pendleton, can testify from
experience that the local option law
in the Umatilla metropolis is being
enforced. For violating the law the
gentlemen named were fined 3700
each, with an additional 3300 tacked
on for their bartenders. Local op
tion is no Joke.
Having successfully met and told
how much they think of each other,
Candidate Taft and Candidate Bryan
have resumed business at the old
stand, which aforesaid business Is tell
ing a listening world how much they
don't think of each other.
Mr. Harriman per Mr. Stubbs again
threatens never to build those rail
roads. But we have so long enjoyed
the Harriman railroadless era that
It doesn't worry us much.
It Is a short ride by trolley or auto
to Gresham, where a Multnomah
County Fair is being held, something
busy people of a big city should not
overlook.
Japan Is preparing a cordial recep
tion for the American battleships.
There is no doubt of it. Yet it can
do no harm to remember the Maine.
Chicago can now have Pitcher
Mathewson for 30 cents, real money,
marked down from 350,000, stage
money.
Paclfts islands. Pacific commerce,
Paclflo navy, ought to draw many a
vote to Taft. in the Pacific States.
The world does move. A ten-minute
streetcar service to the Salem de
pot was Inaugurated yesterday.
New York held Its breath all day
yesterday: we'd hate to have the Job
of holding It today.
TAFT UKELT TO GET NEW YORK
e
But Tli la Authority faye It Doesn't
Look Good for Husliea-
New York Herald, Ind., October 4.
"Mr. Taft, according to all surface
Indications, at present holds New York
State. It apparently will require a po
litical revuleion or revolution In the re
malning weeks ot the campaign to dis
lodge him from his position.
"Mr. Chanler's chance now seem su
perior to those of Mr. Hughes for Gov
ernor. But in the opinion of many po
litical observers, the full strength of
the opposition to the present Governor
developed early in the campaign.
"They declare It is now at flood tide,
and Is likely to recede during the com
ing month. The vigorous whirlwind
campaign which the Governor is about
to begin, hi supporters believe, will
do much to -swing the state. The ma
chine Republican leaders, who dislike
Mr. Hughes, declare he la one of the
most effective campaigners of hla gen
eration." a a e ,
The preceding paragraphs sum up
the situation as the Herald finds it
after a careful preliminary canvass of
the entire state.
There are not likely to be any heavy
pluralities either way. The most san
guine Republicans do not expect Mr.
Taft to carry the state by more than
50.000. Where a plurality is claimed
for Mr. Hughes the figures are placed
very low. The Democrats hope to elect
Mr. Chanler by 50,000, and some of
them figure out a small plurality for
Mr. Bryan.
The panic has hurt the Republicans
with the worktngmen and with retail
business men. On the other hand, the
general fear thet Mr. Bryan's election
might precipitate another crisis or de
lay the return of prosperity will give
Mr. Taft many votes.
, There Is a marked tendency on the
part of the Gold Democrats and Cleve
land Democrats, who have been wan
dering in the wilderness since 1896, to
return to the fold. This is especially
.,.- nf man -a- l JLCtlVA in OOli-
tico. They see that with the United
States Senate strongly Republican for
some yeare to come. It will be impos
sible for Mr. Bryan to get any of his
more radical ideas enacted into law.
They are tired of being political non
desoripts and are anxious 'to figure
again in the councils of the party.
On the. other hand. Republicans as
sert that many of the Democratic busi
ness men, who announce their return
to the fold, will on election day vote
against Bryan, with the hope of elimi
nating him forever as a candidate.
see
Other factors will control the con
test for Governor. The Germans as a
rule are opposed to Hughes. This is es
pecially noticeable in Buffalo, Roches
ter and other cities, where this vote is a
large percentage ofthewhole. Anumber
of Germans in Buffalo have contributed
to the Republican campaign fund with
a distinct proviso that not a cent of
the money shall be used for the Repub
lican state ticket. Most of the brew
ers are actively opposing Mr. Hughes.
Then again the smaller Jewish
tradesmen of the state seem Inclined
to vote against the Governor because
of fear of new Sunday blue laws, or the
drastic enforcement of existing laws,
which would close their small shops.
' The Democrats declare that their
candidate for Governor Is personally
popular with every shade and faction
of the party; that he will poll the full
Democratic -vote; that he will attract
the votes of Republican) of Irish de
scent; that 'he has great local strength
in he river counties and in Onondaga,
where he has been prominently con
nected with the State Fair and that he
will make clear his independence of ob
jectionable state bosses. '.
SOMETHING FOR NEGRO BROTHER
Southern Protest Agalnat Any Bid in
the North for Negro Votes.
Richmond (Va.) Evening Journal.
The negro Is the secret of the "solid
South." It is solid and will remain
solid so long aa the negro question
survives, as a perpetual protest against,
and a formidable obstacle to, the con
summation of the foul crime of recon
struction the full exercise of negro
suffrage and the full, acceptance of the
false lie of racial equality. That we
shall be given a free hand in this mat
ter, and that the party will support us
In it and steadfastly refrain from
adopting any course or pursuing any
policy that would embarrass or com
promise us in dealing with the negro
question is the one absolutely undis
cussablo condition to the solid South's
support of the Democratic party a
party that without the solid South
would Just at present be about as re
spectable as Debs' Socialists, and about
as formidable as Hearst's League.
For the responsible organization of
the Democratic party to make a for
mal bid for the negro vote, and for the
responsible leader and nominees for the
Presidency to electioneer for this vote
in the so-called doubtful states, would
be a distinct and formal admission by
the party and hie political equality
with the whites. This would be a plain
desertion of the South and a flat re
pudiation of all for which she has suf
fered and fought and served the one
thing that has made the South solid
and bound her to the fortunes of the
Democratic party.
The party cannot preach and prac
tice the doctrine of racial equality and
the negro's right to the suffrage north
of the Ohio and the Potomac, and south
of these rivers preach, sanction and
practice the reverse.
Finds 10,000 in Old Sofa.
Trenton (N. Y.) Dispatch to New York
World.
Frank Hughes, of Paterson, obtained
from Judge William M. Lanning in the
United States District Court a rule re
quiring the Northampton and Williams
burg Street Railway Company, of Spring
field, Mass., to show cause why Hughes
should not have the right to establish
claim to 310,000 worth of the company's
bonds.
Hughes' father, who died in 1S92, was
admitted to bankruptcy In 1871, with
t40,00 in debts and 355 assets. A few
weeks ago while repairing an old sofa
Hughes found 310.000 worth of bonds
tucked away In the lining.
Hughes was informed by officials of the
Northampton Company that .on their
books the bonds ire In the name of J.
C. Hammond. Hughes Intends to push
his claim.
The Busy Alienist.
Philadelphia Ledger.
"Before I answer your question," said
the great alienist, "permit me to refresh
my memory-"
Hereupon he consulted a notebook.
"May I ask." resumed the lawyer, "why
you found it necessary to consult some
memorandum before answering a simple
hypothetical question of only a few thous
and words?"
'The fact is." replied the alienist, suave
ly, "that I did that to get the point of
view. I'd forgotten which side I'd been
retained on in this particular case. Kindly
spring your conundrum again,"
A CONCtl'SIVE STATEMENT.
Dlaaeettoa of Oklahoma Theory f Ft- j
nance.
Baltimore Sun, Ind.-Pem.-Taft.
The discussion by Judge Taft and Mr.
Bryan of the proposition to tax good
banks to pay the debts of defaulting 1
banks Illustrates the advantage the
statesman and practical man of affairs
has over the theorist who has never
been In a position to test his theories.
Mr. Bryan upholds and urges "legisla
tion under which the National banks
shall be required to establish a guar
anty fund for the prompt payment of
the depositors of an insolvent National
bank under an equitable system which
shall be available to all state banks de
siring to use it." That Is to say. Mr.
Bryan's plan Is, when the cashier of a
bank In the wilds of Oklahoma or Mon
tana takes to the woods with the bank's
cash, then the depositors In banks in
Baltimore and elsewhere which are
honestly conducted must pay the debts
of the wildcat bank. Mr. Taft shows
that this is unjust and unwise. He does
not dispute the desirability of prevent
ing the loss to depositors of their
money. That loss amounts. In the Na
tional banks of the country, to one-twenty-sixth
of one per cent of the de
posits each year. Mr. Taft's remedy 'for
this loss is to prevent it by more care
ful bank supervision and examination,
and by the elevation of the' character
of the men engaged In the banking
business. Mr. Bryan said that a man
can Insure his house and his life and
all that he has except his money in
bank. The reply to this is that Mr.
Bryan is mistaken in his facts, and
there are a dozen or more companies
that will insure deposits in the same
manner that other property Is Insured.
But this does not suit Mr. Bryan. He
wants the banks to go into the insur
ance business, so that the depositor in
the defaulting bank can have his in
surance paid by ot'.iers. The plan pro
posed by Mr. Bryan, Sir. Taft said, will
make the conservative banker pay for
the negligence, carelessness, lack of
confidence or dishonesty of the failing
banker. It takes money from one man,
without default on his part to pay for
the default of another. That Is social
ism. a a
' If the loss of deposits could be kept
down to the present figures, it would
not require a large tax to make the
loss good. But, says Mr. Taft, the ef
fect of a guaranty system on the char
acter of banking would be such that the
loss arising from recklessness would
greatly increase.
It is urged that the enforced guar
anty by honest banks of dishonest
banks will prevent panics.
A panic, says Mr. Taft, can't be stayed
by tha promise that money will um
mately be forthcoming. It can be
stayed only by the production of the
money Itself. The total deposits in the
National banks of the country is 35,
000,000,000. A tax of one-half of one
per cent, which is larger than that pro
Dosed for the guarantee of deposits,
would make a fund of 325,000,000. The
amount of cash which was needed to
stay the late panic in the New York
banks alone was many times that sum.
The only way, he holds, to provide this
is by the emergency currency autho
rized by Congress at tne last session.
Mr. Bryan says that the Government
has security for Its deposits in the
banks, and asks why should not the
individual depositor have security.
e e
Mr. Taft replies that the Government
deposits are not commercial, are not ac
tive accounts to be checked on, but lie
passive. The Government has a place
to keep its own money as safe as the
vaults of the bank, and deposits are
made In banks in the public Interest, to
put the money in circulation. The pub
lic money is a trust luna Deionging to
the whole neorjle. and those who have
, it In charge are not authorized to run
any risk that it will not be forthcom
ing the moment it is needed f--" the
public use. But if a bank were re
quired to put up collateral for all its
deposits it is manifest that the bank
ing business would become impracti
cable. But, moreover, Judge Taft calls
attention to the fact that the Govern
ment gets Its security for the deposits
from the bank which has the deposits,
and not from the other banks.
The Brvan dan of bank guarantees
like a large number of other crude and
socialistic theories, is already in op
eration in Oklahoma, the proving
ground of dreams. On the face of it,
financiering that is cradled in the sage
hrush of Oklahoma will have to be
tried and tested before being accepted
bv communities wishing sound finance,
From Oklahoma Mr. Bryan wishes to
extend it to all the states through the
agency of the United States ' Govern
ment. Mr. Taft is advised that under
the state deposit guaranty law "con
ditions in Oklahoma are growing worse
than was expected." "Men whose past
records proved them to be incomjetent
are engaging in the banking business
and getting control or DanKing ir.su
tutlons."
To a thoughtful business man Judge
Taft's argument on this theory or Mr.
Bryan is conclusive.
MINNESOTA FOR TAFT.
But Johnson Will Probably Carry It by
25,000.
Staff Cor. Baltimore Sun, Sept. 19.
St. Paul, Minn. Governor Johnson
will be re-elected in Minnesota this
year probably by a decreased plurality,
and Bryan will lose It on the Presi
dential ticket by at least 25.000 votes,
and probably more. He has no more
chance of carrying this state than he
has of carrying Vermont or the Re
publicans have of carrying Texas.
This is a strong Republican state,
and in it Governor Johnson is decidedly
stronger than his party. He has the
confidence of the people, irrespective
of party and had he been nominated
at Denver there Is but little doubt but
that Minnesota would have been found
in the Democratic column. But. as it
is its 11 electoral votes will unques
tionably be cast for Taft. But Mr.
Bryan has hopes, based largely on
Governor Johnson's popularity. He ex
pects, possibly believes, that Johnson's
vote may pull him through. He frank
ly said so when he made his recent
speech here. He told the people he had
no idea that he could get so large a
vote in Minnesota as would be given
to Governor Johnson, but that he
hoped that Governor Johnson's large
popularity would pull him through.
That is a knifethat cuts both ways.
The renomlnation of the Governor for
a third term in spite of his declara
tion that he would not run again on
account of his opposition to third
terms, the refusal of the convention to
consider any other man, Its adjourn
ment after having refused to make any
provision for a candidate should the
Governor persist in his determination
not to be a candidate and the Gov
ernor's acceptance of the situation have
undoubtedly strengthened Mr. Bryan's
chances. Governor Johnson Is the oply
Democrat who can carry the state at
this time. Many of the votes that
will bo cast for lilm will also be cast
for Mr. Bryan; but, on the other hand,
many votes that otherwise would have
gone for Johnson will be cast for his
opponent, Jacob F. Jacobson, because
of Mr. Bryan's presence on the ticket.
And if by any possibility the Gov
ernor should be defeated. It is gen
erally recognized, out here that it will
be due to Mr. Bryan's candidacy. That
might be a serious setback to the Gov
ernor's chances for the Presidential
nomination four years hence. Buf. on
the other hand, if he should win in
spite of the handicap of Mr. Bryan, be
would be stronger than ever.
WORTHIER THEMES IN DEMAND.
The Country Haa No l ao for the Pin
Prick Speeches of the Campaign.
New York Times.
We wonder whether the people ot
Southern and Southeastern Iowa are in
such a mood this year that they would
listen with patience and attention to
Webster's reply to Hayne. Would they
leave the hall, or would they stay
and hear. If it were their privilege to
follow such a discussion as that of the
memorable Lincoln - Douglas debater
Would they think it worth their while
to remain to the end of such a speech.
say. as that in which urover Cleve
land In the month of April. 1S97, de
nounced Bryanism and pointed out the
path of safety for the Democracy?
Would they care to hear any great po
litical address, oration, or speech such
as those by which in the past American
statesmen have been accustomed to
invite the confidence of the people?
Mr. Bryan thinks not, evidently. He
has made many speeches in that part of
Iowa, and, from the press reports, we
should suppose the people must still
be very much in the dark as to nis
views upon public questions of real
and lasting importance. On Wednes
day, for instance, he unsparingly
pitched into the President and Mr.
Taft. He complains that, whereas he
supposed Mr. Taft to be his opponent.
the President comes In and takes tne
lead in this fight." He accuses Mr. Taft
of borrowing his ideas a standing
grievance with Mr. Bryan. He had a
good denl to say about campaign con
tributions. Of National policies, ot tne
fundamental principles that should
guide those who are charged with the
duty of public administration, and of
those large matters that vitally ana
unmistakably affect the Interests of
the people and promote or hinder the
Nation's advancement, he appears to
have said nothing, or nothing signifi
cant. Yet Mr. Bryan merely follows the
form and fashion of the time. With
the exception of Mr. Hughes, who at
Youngstown and elsewhere has made
the best speeches of the campaign.
nearly all the speakers of this Presi
dential canvass have delivered ad
dresses ignoble In substance and petty
In spirit. Mr. Bryan's discussion of
his nostrums, was neither very impres
sive nor very useful. The speakers
have followed what has been called In
International relations the "policy of
pin pricks." Pin-pricking Irritates an
opponent. It may make him Jump, so
that the crowd will laugh. But that it
wins votes, that it Is unliftlng and in
structive, that It enlightens the peo
ple or enlarges their knowledge of Na
tional affairs we do not believe.
Mr. Bryan is wrong, and the speak
ers of the campaign on both sides are
wrong, If they suppose the people no
longer care for serious political debate.
They are as ready and willing as ever
they were to attend to a campaign
orator who Is capable of discussing
serious questions of public affairs.
They would be found quite capable of
rising to the higher plane If only some
speaker would Invite them there. They
have retained their moral sense, their
common sense, their intelligence. The
fault is not in them, but in the men
now most prominent before them, who
have so filled their minds with disturb
ing suspicion of the honesty of every
body engaged in business on any con
siderable scale, with resentment toward
public and private corporations and all
persons having to do with them, and
have so confused and addled their
understanding by continual preaching
ef the doctrine that business must be
divorced from economic principles and
put under political control, that they
listen now with apparent eagerness and
assent to discourses that contribute in
no wise to their enlightenment. They
readily give their confidence to men
who put before them perfectly lmprao
ticable policies of reform, assured of
execution by promises impossible of
performance. Political debate on these
lines inevitably degenerates into per-,
sonal attack, and scandal, calumny, and
exposure, things that do not go very
far toward the enlightenment of tho
people, take the place of more profit
able expositions.
Nevertheless, wo are confident that
the campaign audiences would listen
with equnl attention and much greater
profit to speakers able to discuss
woithier themes.
Her Indorsement.
Harper's Weekly.
"Madam," said the teller of a bank
in Baltimore to a woman who
had handed him a check to cash
"madam, you have forgotten to In
dorse." A worried smile came to the woman's
face; but she took back the paper and
wrote something on the back thereof.
When again the teller looked at the
check he found that the woman had in
dorsed as follows:
"The Bank has always paid
me whatever it owed, and you need
have no worry. Therefore, I indorse
this check. Very truly yours, Anna M.
Blank."
Portland, Oregon.
BUTTE, Oct. 6. (To the Editor.)
Will you kindly publish the location
of the main office of the Oregon & Cal
ifornia Railroad Company? C. R.
IN THE MAGAZINE
SECTION OF THE
SUNDAY
OREGONIAN
TRIP OVER THE SISKIYOUS
WITH THE DIVISION BOSS
What the superintendent sees
and does, together with bright
side-lights on a forceful person
ality. AT THE OREGON
SOLDIERS' HOME
Tha institution at Roseburg
where defenders of the Nation,
now destitute, await serenely the
final rollcall.
MAMA SCOLDING AND I
CAN'T HEAR A WORD
Striking full-page illustration
from an amateur photograph of
exceeding beauty.
LEADERS OF WORLD'S
ARMED LEGIONS
Of all famed warriors now in
service, none lia' had a . more
thrilling career than General Ar
thur McArthur.
RUNAWAYS WHO HAVE
BECOME FAMOUS
Among them are two American
boys . who won their way to the
United States Senate.
THE HOTEL CLERK ON THE
VANDERBILT CUP RACE
Being a satire by Sir. Cobb on
the present speed mania.
ORDER EARLY FROM YOUR
NEWSDEALER