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About The Corvallis gazette. (Corvallis, Or.) 1862-1899 | View Entire Issue (March 21, 1879)
Corvallis, Marcli 21, 1879. RESUMPTION Editor Gazette : The bullion press, in rejoicing over accomplished resumption, refer con tinually to the discomfiture which has come upon its enemies since its accomplishment. They assure their readers that there is a complete revo lution in public sentiment respecting it, and that many public men who opposed it are new trying to recon cile its accomplishment with their own views. Doubtless, this is true of men wl o obtained but a superfi cial knowledge of the principle in Tolved in the fact of resumption, and who opposed it that they might be lifted into office by the popular dis content consequent upon the hard times, caused, as they asserted, by the efforts to force resumption. But with men who have an intelligent conception of the principle involved, there has been no change of opinion. Nothing has occurred different from what they expected. They are wait ing for the logic of events to prove to the world that the elements of prosperity are not contained in ac complished resumption. The fact is already emphasized by the present condition of England and other specie paying countries. If resumption was the main element of prosperity, those countries would be prosperous, and the fact that' they are not, proves that prosperity may evade us even though we have accomplish ed resumption. It has been alleged that the " croakings" of the anti-re-nmptioniet were partly responsible for the hard times, and they have stop ped "croaking" that resmnptionists unopposed, may test their scheme. It is now upon trial,. and if it fails to bring the long piomised prosperity, the people will turn from it in dis gust without the arguments or efforts of auti resumptionists. They will soon determine its value without the aid of rhetoric. The purse is a sure measure of the prosperity of the times. To it the question is referred for arbi trament,, and if prosperity fail to come, the silence of the friends" of true money will leave no cause to re sumptionists to which to attribute their want of success. When tlie public begins to perceive the hollow ness of resumption, and public opin ion begins to veer around again in favor of the greenback idea, the poli tician of the greenback persuasion will be as loud as ever in its advocacy. The tattle is not ended. It has but cleverly begun. The politicians of both schools will chauge their opin ions many times yet before a system of honest money is established. I append below a true exposition of the beauties and consistencies of the resumption act by M. U. Spald ing, 300 West Washington St. Chi cago. The bullionists will please read it very carefully and prayerfully that they may be enabled the more clearly to see the real defects and ab surdities of resumption. W. A. Wells. Corvallis, March 14, 1879. THE RESUMPTION ACT APPROVED JANUARY 14, 1875 SOME OF ITS WEAK POINTS AND SELF-CONTRADICTIONS. I (Sec. 3 of Resumption act at war with itself.) section 3. That on which resumption is based and hence the most important part of the act, is inconsistent with itself and abounds in contradictions which not only impair but destroy the force and meaning of the contemplated act of Kesurnption. (Is Sec. 5,177 U. S. Statutes re pealed ?) The first clause of See. 3 is merely au amendment, and hardly that, to Sec. 5,177 which it proposes to repeal. (The so-called Free Banking clause, like the so-called Resumption, a pop ular delusion.) It sets out by declaring: that "each existing and each new Banking As sociation may increase its circulating notes without respect to said aggre gate limit, to-wit: the $354,000,000 defined by Sec. 5,177 and then with glaring inconsistency, goes on delib erately to limit the limit which it has just declared repealed and removed by stipulating that legal tender notes-shall be retired as fast as circu lating notes are issued, and that the latter sball cease to increase when the former shall have been reduced to 8300,000,000 1 All of which means, if it means anything, not that banking should beeome free, as was stonily maintain ed by Senator Sherman when he in trodiiced the bill (Dec. 22, 1874,) and later on by Secretary Sherman in his (1878) annual report, but that the National banks might issue their notes for the difference only between $300, 000,000 and the amount of legal ten der outstanding. (Free banking less free under the Resumption act than under Sec. 5,177, TJ. "Statutes.) Thus, Dec. 1, 1878 there were 1829,000,000 in bank notes and $3 46,- 000.000 in legal tenders out, upon which basis the banks' could only add $46,000,000 to their circulation. It that be free banking, without respect to said aggregate limit, the $354, 000,000 of Sec. 5,177 then words have lost their meaning. So, Sec. 5.177 is not wholly repealed but cu riously modified ; a sort of limited substitute which restricts banking whiledeclaringitfree and unrestricted. (Free hanking made less free by the Act of May 31, 1878.) "The act approved May 31, 1878, forbids the retirement of United States notes after that dale, leaving tin; amount in circulation $346,681, 016." (See Secretary Sherman's An nual Report.) That is an amendment, if not a repeal of the so called free banking clause of the alleged Re sumption act. The $300,000,000 limit is "raised" to $346,681,016. Sec. 3,582 says: "Authority to the Secretary of the Treasury jto make any reduction of the currency by re tiring or cancelling United States notes is hereby repealed. Is not re duction of United States notes, as provided by the ' free banking" clause Of the Resumption act, a can cellation? Can the United States notes be reissued without recalling from circulation the same amount of National hank notes?- (Possible effects of other acts and regulations upon the Resumption act and legal tender circulation.) The Resumption act requires the Secretary of the Treasury to redeem United Stales legal lend era outstand ing, Jan. 1, 1879, stipulating that the amount shall not fall below $300,000, 000. The act of May 31, 1878, re peals or amends the Resumption act limit by declaring that United Stales notes to the amount of 346,681,016 shall be left in circulation. How can the legal tenders be redeemed and kept in circulation at the same lime! The debt statement for Dec. 1878, shows $346,743,071 in United States legal tenders outstanding, according to which only $62,055 could at that date be lawfully withdrawn from cir culation. (Act of May 31, 1878.) resumption clause of sec. 3. " And on and after the first day of January, A. D., 1879, the Secretary of the Treasury shall redeem in coin, the United States legal tender notes then outstanding, on their presenta tion for redemption at the office of the Assistant Treasurer of the United States, in the city of New York, in sums of not less than fifty dollars." Laws must be uniform and impar tial in their operation, and not so framed as to work unnecessary hard shin and inconvenience to the people. (Examples of local and special leg islation supplied by the Resumption act.) The designation, in the Resump tion act, of but one redemption agency, and the $50 restriction clause are marked instances of partial, if not unconstitutional legislation. Had not the manifest intent of the trainers of the bill been to legislate specially for the interest and convenience of banks and large moneyed corporations in the East, all the Government agencies would have been employe in the work of redemption. First, the United States Treasury at Washington, then the ten or more Sub-Treasuries, the 119 National Bank depositories, ami those appointed to receive loan snb script ions would have been designated and paid for, doing the business as a matter of public- accommodation. The Government is the debtor in default on its notes for a' out fifteen years, and should not compel its creditor, the individual holder of its paper, to pay the cost of collection. Even the citizens of Washington capital ot the nation are put to the trouble and expense of sending their United States notes past the main Treasury off to the sub-Treasury in New York, to comply with a law made in the interest of a powerful bank clique located there. The in justice of such a one sided arrange mcnt hi forcibly illustrated by Secre tary Sherman in his argument in favor of uniform customs regulation. "For, if the United States notes are redeemed in New York they should also be redeemed in Chicago; other wise an unconstitutional preference would be given to one port over other ports. Loss and inconvenience to the people attend thetransportalion of United States notes to New York and of coin back to Chicago. That is not actual i.ar resnmotion. but resumption at a discount, in favor of banks and express companies; (Senator Sherman in antagonism to Secretary Sherman.)" The Act says the Secretary shall redeem in coin, leaving him the Government debtor (as prompted by the banks) the option to use gold or silver, forgetting his bold assevera tion, Dec. 22, 1874, when unduly anxious that the bill might pass, that it was left optional with the note holder or (jrovcrnment creditor to take gold or silver. Bondholders must be paid in gold, say the banks, but the note holder or Government creditor must take what he can get and be thankful that he gets anything at all. IN SUMS NOT LESS THAN FIFTY DOLLARS. Here is a plain case of discrimina tion in favor of the rich against the poor. It is-an odious property qualifica tion which virtually disfranchises millions of American citizens from the enjoyment of the rights and privik-gesof resumption, which should be open to each and every one alike who holds a United States legal tender note, no matter what the denomination, and be the sum or amount large or small, the holder of a $1 or a $5 note or any amount less than $50 is cnt off from the operation of resumption. Free redemption is not for'him. He belongs to a class denominated poor by an act of the Government. The poor man finds himself dis criminated against by the very Gov ernment whose credit, in previous times, he helped to sustain. He cannot afford to send his $1, or $10 greenback to New York or to go there himself, and if be did go or send, it would be no use. He would not be recognized anywhere, whether in New York or Washington. The " bearer" of a few dollars must give way to the " bearer" of many. The one dollar creditor of the Govern ment has no standing whatever at Washington. No one with any less than $50 can obtain an audience with the august debtor at Washington or his " sub" in New York. It is an act for partial resumption, and like all partial legislative acts, defeats itself and harms the people. It should be labelled the New York method to enable a few speculators to drain the Treasury of its gold and sell it, as they are sure to do, at a premium. The act was not made for and never can reach, except indirectly, the masses who hold Government prom ises of the denominations of one, two, five, ten and twenties. (How the Government despises its small promises.) These minor promises to pay or redeem are utterly ignored and repu diated by this contradictory and self stultifying act which sophisti cally declares: " Yes, I will redeem all my legal lender obligations but, mark you, only those amounting to $50 and upwards!'' (Come unto me all ye that happen to be rich !) " Those little insignificant claims my $1, $2, $5, $10, and $20 notes held mostly, as I am informed, by poor people, will have to go by the board unless they happen to be present ed by a rich man or one of my 'Associated Banks.' I haven't time to attend to small creditors and don't want to be bothered with their presence. This act was made for the silk stockings." Though a -million men should present them selves at the New York Sub-Treasury on January 1, 1879, each with a $5 United States note for redemption, not One of these million creditors of the Government would have any standing or consideration under this partial, preferential Resumption act. (A building without a good found ation.) Partial resumption is defective, im perfect resumption, and will surely fail because it does not start at the currency base the financial unit. P'or a resumption or redemption that does not apply to $1, cannot with justice apply to $100 or $1,000. Re sumption which takes care of the pence will take care of the pounds. Resumption which ignores the unit, will ignore the sum. Resumption that comes not to the poor will ulti mately forsake the rich. Resumption, in short, will fail be cause it despised the foundation and neglected to build upon the unit of value, the $1 note. J he builders re jected the $1 greenback, which should have been the head of the corner. (A qualm of conscience comes over the Secretary of the Treasury which did not afitict the quondam Senator.) "It would seem to be more just and expedient," says the "expedient'' Secretary of the Treasury, "not to force any form of money upon a pub lic creditor, but to give him the op lion of the kind and denomination" that is, allow him the privilege of taking gold or silver, or presenting what he has, whether a $1, $5 or $50 United States note for redemption, and not cornirel htm to present $50, or be worth $50, before he can come within the purview and privilege of the law. Yet Secretary Sherman was the very individual who fathered the bill' which makes Mich odious distinctions between the rich man and the poor man. Almost a capital offense in this country. (Protest at Washington.) Were the entire population of the United States to assemble on Jan. 1, 1879, at Washington, D. C, and present, an tl ey would have a right to do, muter a uniform and valid Re sumption act their United Stales notes of any denomination and amount, for redemption, they would be repulsed and told to go or send to New York. (Protest at New York.) Were half or two-thirds of the pop nlation to present themselves at the Sub Treasury in New York, they would be repulsed there also, because they happened to be poor, and in pos session of one or more dollars less than the statutory limits $50. (The poverty line or qualification introduced into the financial com monwealth.) Th man with but $49 would have no belter show than the man with a$5or$l United States note. All of those poor fellows would be with in the poverty line. As in politics the color-line prevails, so in resump tion $50 marks the poverty line, the border land of resumption. The law was not made to accommodate the small creditors, bnt for the conven ience and profit of the large credi tor and his allies, the "associated banks," with which the Secretary frankly says that he has made "satis factory arrangement," and which ex pect to reap a rich harvest lrom the monopoly of Government transac tions. (Silver accorded more rights than greenback ) Another slight discrimination is shown bv comparing Sees. I and 3 of the Resumption act. Sec. 1 permits redemption of fractional currency in any amount and at any Sub-Treasury, while Sec. 3 restricts the payment or redemption of other Government promises to one Sub-Treasury and to sums of $60 and upwards. Uniform ity wanting in the same law. All laws which place restrictions upon the tree circulation and redemption of United States money are unwise, if not unconstitutional. The law authorizes the Secretary to sell certain bonds and to use the surplus revenues in the Treasury not otherwise appropriated. WHAT IS "SURPLUS REVENUE ?" Are not all the revenues in the Treasury already appiopriated and subject to draft for current expenses? The "surplus revenue" for year end ing June 30, 1878, was le&s;than $21, 000,000 that for 1879 estimated at $24,000,000, and so on. Considering the "permanent annual appropria tions," special and sinking funds (Sec. 3,687) it is a question whether there be much in the United States Treas ury not "otherwise appropriated." HOW SECRETARY SHERMAN'S HANDS ARE HOPELESSLY TIED ! 1. If the Secretary redeems any sum less than $50 he violates the laic. 2. If he does not redeem in coin any and every genuine legal-tender note presented, regardless ol the de nomination, be it less or more than $50, he gives the lie to resunijition, which ;rom that moment becomes a farce and a failure. Adhere to the law he must, and adhering he reduces it to an absurdity and defeats its very purpose and intent. HOW TO SHOW ITS INHERENT ABSURD ITY PREPARATORY TO ITS AMEND MENT AND REPEAL. Present on Jan. 1, 1879, at the United Stnlns in Wasliimrion and at. each of the ten or more United States Sub-Treasuries, the sum of $49 in United States notes. Also one each ol the following denominations, $1. $2. $5, $10, $20, one note at a time. Ask tnat this be redeemed in gold and this in silver and so on. Should the demand be refused, as it must and would be, have a Notary at hand to duly protest each note, as provided when a national bank refuses to re deem its notes. Telegraph these pro tests as fast as they occur, to the United Slates Treasury at Washing ton, and to both Houses of Congress. (Fiilsus in unofalsus in omnibus.) By arrangement fifty or more per sons might station themselves in the line at each Paying Tellers window in the office of Assistant United States Treasurer, New York, with instruc tions to stay there until their right to redemption had been refused. Pro vide each man with three United States notes, $1, $2, $5, for presenta tion and redemption in gold $1, in silver, $2 and $5 in silver success ively. Upon refusal to redeem, lei the note holder step aside and sub mit the dishonored notes for protest to a Notary, and let proper record and notification be made. Drafts for amounts less than $50 might be sent with accompanying legal tenders, to or through the New York associated banks for collection, and on refusal to redeem, protested as aoove. These methods would show the people and Congress by a process of reductio ad absurdam some of the gross defects of the Kesurnption act and lead to its speedy amendment or repeal. M. C. Spaulding. 300 West Washington St., Chicago. A Strange Story of Crime. The following strange story comes from Rangoon : "A certain native of good stand ing, but unfortunately at present somewhat harassed, has been arrested under the fol lowing circumstances. It appears that he undertook to insure the life of a certain gentleman of our town for the sum of 8,000, and paid the year's premium in ad vance! This centleman seems to have had the privilege of indenting on the native for certain sums ol money as he required them. The native is accused of bribing four other natives to poison the gentleman, one of whom revealed the secret to him, when he at once gave information to the police. The three men have made themselves scarce. A similar case occurred in Southern India about four or five years ago ; the nativee in this instance endeavored to destroy the in surer's1 life by means of a cobra, which was hid in his portmanteau. It was proved against him, and the sentence passed was very severe. .ng:tsn Paper. CtTBED OF THE LOVE FOR DRINK. The Oetroit Free Press gives an account of a man in that city who has been a great drinker for twenty years, and who says that for the past twelve months he has drank not less than a quart of pure alcohol per day. Five years ago he was worth $25,000 ; the other day he pawned his wife's cloak to get liquor. He says he has tried to cure his craving for stimulants with chloral, nervine, opium everything but without success, until about ten days ago he commenced taking large quantities ot the new remedy, cincho na rubra. He now has no desire for drink, and, though he has not yet had time to tell whether the cure will be permanent, he con siders himself a free man. A Few Hints on Furnishing Our Rooms, One of the chief things to be cared for in arranging a room is coloring, and in this there should be variety ; dull monotony showing either a want of imagination or taste, therefore one color had best be chosen which may give the tone to the general harmony of effect. A germaji writer says that particular colors excite in us particu lar tasles of feeling, the simplicity of plain colors, tor instance, giving us that feeling of repose in rooms which is so enjoyable, still there are lew who have sufficient taste to blend together different colors in such a manner that eye and mind will repose upon contrasts in which each opposite will serve gently to display its own and its neighbor's beauty. We are all susceptible to the influences which Barron nd us, and while this fact re mains neither the color of a carpet or fall of a curtain is without its own significance. 'The general tone of a parlor should in the Winter season be warm tilling the eye with color but in Summer should be shady and rustful. Rooms reflect more or less the habits and tastes of the owners, the creation of beauty in our houses depending upon external realities rather than upon external means; there are parlors and parlors ; any one with a long purse can fill their rooms with handsome furniture, but not every one can with a little money make, by a clever ar rangement of common things, an at tractive apartment Nothing destroys so much the l"oks of a room as suits of furniture and stiff, ar.gular arrange ments; ottomans scattered around, an odd chair here and there, wMl dispel this and give a look of ease to the whole room. Home made ot tomans can be easily made by taking any available boxes and fastening smooth, round drawer knobs upon them at each corner, make a deep cushion the size of the top, and with pieces of zephyr twisted around the finger and a long mattress needle make the tufted appearance seen in upholsters' work, by buttoning through in regular divisions. With a few crochets and kinks a room may be made to produce a- pretty effect. Magnificence and richness is produce ed, without doubt, by money, but beauty and an artistic air is not a question of cash. Dr. Johnson once silenced a noto rious female backbiter, who was con demning some of her friends for and July. Ciiurcli Directory. Catholic Church : Services on the 1st and last Sab bath of each month. Mass commences at 10:30 a. m Rev. Van Lin, Pastor. M, E. Church South : Preaching morning andeven- mfir. on the 1st. 3ru and 4th Sabbath ol each moi th at 11 and 7:30 respectively. Sabbath School at 9:30 every Sabbath. Joseph Esieky, Pastor. Evangelical Church : Services at 7 p. M.. on the 1st and 3rd Sabbaths and at 11 A. M. and 7 p. M., on the 4th Sabbath of each month Sabbath School at 3:30 p. m. Prayer meeting Wednesday evening of each week( at 7 r. M. W. C Iyaxtxkr, Pastor. Presbyterian Church: There will be preaching morning and evening at 11 and 7 o'clock, respect ively. Sabbath School immediately after the morn ing service. H. P. Dlx.nixo, Pastor It. E. Church : Services the 2nd and 4th Sabbath of each nioi.th. at 11 A. M. and 7 P. M. Prayer meeting. 1 hursuav evening at 7. Services at the Grange Hal, four miles west of Corvallisi the 1st and 3rd Sabbaths of each month, at 11 A. M. G. W. Bennett, Pastor. Episcopal Church : The servics for the month of Oct. will be as follows: Oct. 6th and 20th at 7:30 p M., Oct, 13th and 27th at 11 a. M., with Holy Com munioii. Sunday School every Sunday, between the hours Of 3 and 4 P. M. KEY'. L. STEVENS. CORVALLIS LODGE No. 14, F. & A. M. holds stated Communications on Wednesday on or preceding each full moon. Brethren in good standing ar.3 cordially invited to attend. By order of W. M BARNUM LODGE No. 7, 1. O O. F. , meets on Tuesday even ing of each week, in their Hall, in Fisher's Brick, second storv. Members of the Order in good standing, are invited to attend. By order of 13:ltf) N. G Crystal Lake Cemetery. Persons desiring to obtain Lots, can obtain all the necessary uuorination, by applying to F, HoLOAtE, Com painting their cheeks, by the remark that it is a far less harmful thing for a lady to redden her own complexion than to blacken her neighbor's. U It lilt II AllU VUVllUl GoodBooks for .All." Works which should be found in every li brary within the reach of all readers. Works to entertain, Instruct and Improve. Copies will be sent by return post, on receipt ot price New Physiognomy ; or Signs of Character, as manifested through Temperament and Jixternal forms, and especially in the Hu man Face Divine. With more than One Thousand Illustrations. By Samuel R Wells. 76S pages, fteavy muslin. 5.00 Hydropathic Esolycopf.dia ; A System of Hygiene, embracing Outline of Anatomy; Physiology of the Human JBocly: I reser vation of Health; Dietetics and Cookery ; Theory and Practice of Hygienic Treat ment ; Special Pathology and Tlierapeu tics, including the Nature, Causes, Symp tarns, and Treatment of all known Dis eases. By R. T. Trall, M. D. Nearly l.tJUU pages. 4.00 Wedlock ; or The Right Relations of the Sexes. A Scientific Treatise, disclosing the Laws of Conjugal Selection, showing Who May and Who May Not Marry. By S. K. WELLS. 1.00. How to Read, and Hints in Choosing the Best Books, with a classified list of works of Biography, History, Criticism, Fine Arts, Fiction, Poetry, Religion, Science Language, etc. By Amelie V. Petitt. 220 pages. 12 ino, muslin, 81. 00. How to Write, a Manual of Composition and Letter- riling. Muslin, ; cents. 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We don't want your money until you are perfectly satisfied of their curative powers. If your life is worth saving, don't delay in giving these Powders a trial, as they will surely cure you. Price for large box, .-:1.00, sent to any part of the United States or Canada, by mail, on receipt of i rice. Address, ASH & ROLBINS, ISajyl. 800 Fulton street, Erooklvn, N. Y a week in vour own town. 85 Outfit free, No risk. Reader, if you want a business at which uerons of either sex can make trreat pav all the time thev work, write for particulars to II. Hallktt & Co., Portland, Maine. I5:12yl. $66 THE Scientific Jkmrncaa. TIIIRTY-FOLRTII YEAR. THE MOST POPULAR SCIENTIFIC PAPER IN THE WORLD. Only 83.20 a Year, including' rostasre. Weekly. .12 Numbers a year. 4,000 book pagJ. The Scientific America is a large First Class Weekly Newspaper of Sixteen Pages, printed in the mo t beautiful style, profusely lllmitrated with splend d e ngrav Inge, representing the Newest Inventions and me most Recent Advan.es U the Arts and Sciences; including New and Interesting Facts in Agriculture, Horticulture, the Home, Health, Medical Progress, Social Science, Natural History Qeology, Astronomy. The most valijaUieractical papers, by eminent writers in all dejartaMR4f Sci ence, will be found in the Scientific AmeiR.nV ' . Terms, $3.20 per vcar, l.i;o ludf yrairywliSl In cludes postage. Discount to Agents. Single copies, . .1 .1 1 11 V...nql.N RpTlllt. bv llOStul Mill CC11LS W1U V. . .. t . order to MUNN & CO., Publishers, 2 Park Row, New IITF-UTA In connection with the SCIEN " A I CN I Oi TIF1C AMERICAN, Messrs. Muxn & Co. are Solicitors of American and Foreign Patents, have had 34 years' experience, and now have the largest establishment in tne world. Patents are .ui.-j. .. t-,- . a i i ,1 notice is made in the Scientific American of all Inventions patented through this Agency, with the name and res idence of the Patentee. By the immense circulation . UC iu ,1 ire r!r,! to the DieiltS iniTS given, puuiiw a.bti w - - of the hew patent, and sales or introduction often easily tttenea. . . .. . .. . Any person who nas maae a miv unt,.vcij v., ... " , ;., . ,.f ..liarrrp whether a nat- ent can be obtained, by writing to the undersigned. We also send tree our nanu iiuon Laws Patents, Caveats, Trade-Marks, their costs, an how prociTed, with hints for procuring advances on -inventions. Address for the paper, or concerning Patents, MUNN & CO., 37 Park Row, New York. Branch Office, Cor F & 7th Sts., Washington, D. C. 15:49tf. CORVALLIS LIVERY, FEED AND Inclose amount in a Reoristererl Tetter nr By a P. O. Order for one or for all the above, and address 8. R. WELLS & CO., Publish, era, 737 Broadway, New York. Agents wanted. 7feblff:6ti HUM STREET, CORVALLIS, 0&E60R. SOL. KING, - - Proprietor, OWNING BOTH BARNS I AM PREPARED TO offer superior accommodations in the Livery line. Always ready for a drive, GOOD TEAMS At Low Rales. My Stable, are first-class in every respect, and com-rx-tent and oblieine hostlers always ready to serve the public. , REASONABLE CHARGES FOR HIRE. Particular Attention Paid to Bearding WW ':... - 'Srr- .'JBl Jt&Nt&3m&'i'' ELEGANT HEARSE, CARRIAGES AND HACKS FOR FUNERALS Corvallis, Jan. 8, 1879. l:lyl.