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About The morning Astorian. (Astoria, Or.) 1899-1930 | View Entire Issue (Sept. 17, 1904)
.',1 i PAGE ..EIGHT. , ASTORIA,-. OREGON, SATURDAY,- SEPTEMBER 17, 1004.-- ' EFFICACY OF OUR SYSTEM Treasurer Roberts Declares That It Is Due to the Gold Standard In Vogue. ONE-FIFTH OF GOLD IS HERfc Suggests International Clearing House, That Shipping of Bullion May Be Dis pensed With. New York. Sept 18. The . only speeches at the closing- session of the American bankers' convention today nere delivered by W. E. Schweppe of St. Louis and Ellis H. Roberts, treas urer of the United States. Mr. Rob erts said: The confession that weak links can be found In our financial chain shall not drive us into pessimism. We know the growth and the reserve of strength. Under the act of March 14. 1900, every dollar is equal to every other dollar and all are Interchangeable. Because they are most in use among all the people everywhere, the small notes are in greatest demani If conditions point at all to a premium, the ones, twos and fives will command it first But I he level Is well maintained. What ever winds blow or storms beat our currency has a surface as clear and even as a mirror. That surface Is not of mercury, shifting and undulating; it is formed of the minted gold. "The stronghold of our financial sys tem is its actual gold, as well as our statutes. The world has about $5,500, 000,000 of this metal, of which the United States has In Its stock J 1.342, 422,740. In the last reported year, the world produced less than $300,000,000, of which our mines gave $$0,000,000. Our treasury holds $00,000.u00 in gross, and our banks, national and others, have . $300,000,000 approximately. So over one-fifth of all the world's gold Is In the United States, and the bulk of It In the banks and the treasury. The charge Is put forth often that we are extravagant and wasteful In the pos session of so. much of the precious metaL Are we? "A leading financial journal of this city quotes the president of one of the largest banks In San Francisco as al leging that It costs, $20 to get a dollar of gold out of the ground. Was the metal all that the picks of the miners and their self-sacrifice took out of the earth? - Did not the argonauts Of 1849 and .their successors create the Cal ifornia of toJay? The ranches, the, IrchardSt the wheat and the fruit, the factories and shipyards, the cities, the churches, the universities, the civiliza tion of that prosperous commonwealth, are a part of the harvest planted by that $20 of the miners. "American finance connects Itself with world movements. While we can not follow the debate relative to the profit of gold mining, we must recog nize the fact that among the great commercial nations the yellow metal Is the only Instrument for the final ad justment of trade differences. The ex perience of mankind has chosen it for that purpose, and there is no other In instrument available. A few countries still cling to silver, but they all show signs of adopting the richer metal Thus, gold becomes more masterful Those who put themselves In hostile array, denounce It as costly and doubt the value of discovery and production are bound to provide, at lenst In the ordinary, some other tool for settling the world's commerce. The era ot rude barter has passed away. The stress of irRde Insists upon the best machinery. "Why can not an International clear ing house be organised? Perhaps Jeal ousy will forbid the selection of a sin gle city for the purpose, as the Greek cities were rivals for the deposit of the offerings of Apollo The International organisation may well have Its vaults In London, Paris and Berllu, ns well as in Xew York, and the treasure can be divided Into the ratio of the gold of the several countries. The certificates of the four vaults can be Interchangeable. The barbarism of shipping kegs of metal east and west over the Atlantic may go with the method of the mum mies and the cave dwellers. "American finance does not stand alone a Tenerleff in mid-ocean; a Shasta or Ranter or Mont Blanc rising In solitary majesty among their rapues. It la the vital current of the activity of the people Its strength Is not In theory or In the petty technicalities. It Is strong with the brain and brawn of 82.000,000 citisens; with the varied re sources of mine and soil and forest and running waters; with the sheep and horses on many ranches ami the cattle on a thousand hills; with coal and Iron and all their products; with wheat and corn and sugar and cotton; with the inventive minds and skillful fingers of efficient artisans; with forge and fac tory and dynamo and motor, and, not least, with school and college, with university and church. Financial strength Is in wealth of every kind, but not less In the purest morality and the worthiest character." KOREA WAS NOT SIGHTED. Report Now Branded as Untrus That Vassal Was Seen. Victoria Sept 1$. Some little excite ment was caused here this afternoon owing to the report that the Russian warship Korea was coming into the harbor. The story proved without foundation, having its origin In the equally foundationless rumor that H. M. S. Grafton sighted the Korea a few days ago near the north end of Van couver Island. Officers of H. M. S. Grafton admit the probability of the statement that the Russian vessel Korea may come here to refit and would not be sur prised if she would come, although they do not fancy the trouble and annoy ance which are bound to arise there from. The officers of the fleet are not concerning themselves so much about the Korea as about the reported dis aster to the sloop of war Shearwater in Alaskan waters. It has been found Impossible to obtain further informa tion as to how the Shearwater Is faring. Lena to Be Repaired. San Francisco, Sept. 16. The Rus sian cruiser Lena Is tonight at the government naval station at Mare Isl and, having departed from. San Fran cisco. The entire crew of the Lena Is aboard the Russian vessel and doubt less will be detained pending official decision as to its disposition. The work of dismantling the Lena will comence at an early date and work men have been engaged to place her In seaworthy condition. , TERM BEGINS NEXT MONDAY i 1 Indications Are That City Schools Will be Crowded Again :. During Coming Year.1 ' ASSIGNMENT OF ' TEACHERS which represented Roosevelt as a new Moses seeking to Impose upon Rus sian liberal treatment of Russlun Jews naturalised in the United States. The Novo Vremya proceeds to.bomte the United States for presuming to nter fera In Russia's internal affairs, but finnlly dismisses tho whole matter as "an America election maneuver." ' Oue Additional Kooni lias Been . Provided at Adair School, Where There Are Jiow Seven Booms. Stubbs Is Not Guilty. Tacoma, Sept. 16. This afternoon the Jury returned a verdict of not guilty in the case of Private Fred R. Stubbs of the United States infantry, charged with the murder of Private Vandiver, July 9, during the military maneuvers here. School begins In Astoria on Monday. There will be one additional room this fall, but even with this extra room It la expected the schools will be crowded before the term Is a few weeks gone. Some of the teachers will be required to handle pupils from other grades. The assignment of teachers to the various schools was announced last evening by City Superintendent Clark. as follows. Olney school Prof. C. F. Wlllcutt, j principal; Miss Kathryn Shlvely, third grade; Miss Lucy Morton, fourth grade; Mrs. W. 3. Barry, fifth grade. There will be no first and second grades at .this school. .Taylor school Miss Maude Stockton, Miss Clara Barker. McClure school Prof. A. L. Clnrk, principal; Mrs, XI Fulton, room 1; Miss Anna Olsen. room 2; Miss Ethel Bllnn, room 3; Miss Annie Powell, room 4; Mrs. Josle McCormack, room 5; Miss May Utslnger, room t. ' hlvely school Prof. J. W. McCor- mac, principal; Mrs. Jennie Busey, room 1; Miss May Morgan, room 2; Miss May Fossett, room S; Miss Mary Dealey, room 4; Miss Mary Garner, room 5, Adair school Mrs, M. E. Lemon, principal; MIb Helen W Dickinson. room 1; Miss Ida Gustafson, room 2; Miss Florence Turner, room 3; Miss Kate Slnnott. room 4; Miss Mary P. Adams, room 5; Mrs. Belle Huden, room 6. Mrs. Lemon will teach room Last year there were but six, rooms at this school. Alderbrook school Prof. Nell Stupp, principal; Miss Llllie Lewis, room 1; Mis Annie O'Neill room 2. High school Prof. Clark, principal. and professor of sciences and political economy; Miss Dora Badollet, English history and mathematics; Miss J. Ger trude Hulse, English and drawing; Miss Moore, Latin and ancient his tory. ' Prof. Clark will meet the principals of the various schools this morning for the purpose of instructing them as to the school work. AS THE RUSSIAN SEES IT. -' . Llao Yang Indeotsive and Russian Vic ; . tory Inevitable.; St. Petorsburg. 8ept. 16, 6:40 u.'m. In ths course of a long review of the battle of Llao Tang the Novostl says: rThe world la Just beginning to real ise how little tangible result aoVrued to the Japanese from the 'brilliant vic tory' so exultantly announced and wild ly acclaimed at Toklo. The real result was shown by the Immediate fall of Japanese stocks' In the markets of the world. Field Marshal Oyama la now endeavoring to reorganise his exhaust ed army, but It 'wlll.be a long time be fore he accomplishes a Russian Sedan." The article concludes with the state ment that foreign critics agree that there has been no practical result of the great battle and that there will be an other as great or greater. The pa per admonishes the Russian people to watt with patience for the Inevitable Russian triumph. ' CRUISE OF THE MINNESOTA. NOT TAKEN 8ERIOUSLY. They May to Be Make Occasion Shown. St. Petersburg, Sept 16, 6:40 a. m. The Russian press Is awakening to the fact that the question of American Jewish passports has been raised. The Nevoe Vremya this morning follow the lead of the Journal de St. Petersburg, the semi-official organ of the foreign office. In its denial of the right of a foreign country to "make overtures for classification of our pop ulatlon under the fiction of right ac quired by naturalization," and " com ments with amazement upon the article in a recent number of the Paris Slecle Mammoth Carrier for the Paoifio a Marine Wonder, Philadelphia, Sept. 16. The 33.000 ton steamer Minnesota, which la about to load 12,000 tons of coal at Phlladul phla. Is a marine wonder, and she will carry the largest cargo of coal to the Pacific oceun ever shipped on aslngle vessel. But the six and cargo of the vessel are not the most Interesting facts In con nection with her. She Is the pioneer vessel of a fleet of monster ships with which It Is hoped to originate and per petuate American trade on the Pacific ocean.1 It will carry to foreign ports traffic which originates on the railroad managed by James J. Hill, who, by the way, Is at this moment under the ban of the highest authority In the country for efforts to "restrain" commerce and trade. It Is probable from the first Mr. HuT vessel will give the United States a better hold on the great trade of the Pacific., and that she will make markets for American wares where there are none today for all generation. Mr. Hill's experiment Is Interesting from another point of view. There are perhaps people who say that it Is Im possible to build American ship which can compete with foreign bottom. This experiment Is huge and characteristic of American enterprise and there Is every reason for faith In It The Minnesota will sail early next month on her first long voyage, and will afterwards carry the trade of the northwest 'to China and Japan and bring back the products of the orient. ' Expert Chiropodist. Mrs. O. O. Fletcher Is again at the Occident for one week only. Corns, bunions, warts, moles and Ingrowing nails removed without pain or sore ness. Satisfaction guaranteed. Room 6. What Is Llfs? In the last analysis nobody knows, but we do know that It Is under strict law. Abuse that law even slightly, pain results. Irregular living mean de rangement of the organs, resulting In constipation, headache or liver trouble. Dr. King' New Life Pills quickly ad- Just this. It's gentle, yet tnouogn. Only 26c at Cha. Rogers' drug store. M'ARTHUR ON PRESIDIO. : -; . -jj, . ; Says $2,000,000 Is Neostiary to Put , Rmrvatlon In Proper Shape. The following Is an extract from the annual report ot General MurArthur to the war '.'department: ; "It Is bi'lleved that the time has ar rived to Initiate a systematic policy In respect to tho Improvement, of the Presidio reservation. The nrtttltry de fense located thereon Is In every way satisfactory, and everything In connec tion therewith has been, or 1 being, carefully and successfully adjusted. T'.ie reservation Itself, however, which In one of the most magnificent military properties In the United States, hu been neglected for year In regard to everything that appertains to Its iron em I aspect, and to the accommodation ot the troops quartered thereon. Most of the structures on the reservation are entirely Inadequate and unfit for use. Many are old. out of repair and absolutely worthless. They represent shelter but that Is all. They must In evitably be replaced at an early date. If every building on the reservation, excepting a few new .modern brick buildings, were swept away the United 8tates would not sustain any pecuniary loss. 'The entire work, Including the fill ing In of a large flat along the bay front, the acquisition of full control of Lobos creek, and the adjacent water shed thereof, with a view to establish ing n Independent water supply for the entire reservation, and the con structlon of all necessary buildings for a central post to be occupied by In fantry, cavalry and fluid artillery so that they will near their, guns, would cost, approximately, 13.000,000." Correct Clothes for Mcji OotrrlirbllM,a.B.Cs. ET your choice of clothes be guid ed i I, by the stylish effect i 2, by the fit i 3, by the neat pattern and substantial of the The Mission of the Bicycle. The revival of public Intercut In American highways was duo to the bicycle. As a people, we had endured with equanimity the discomforts of rough and muddy roads. The hard ship and suffet tng of our draft ani mals appealed to us In vain, But vvhtn men began to get a-straddle of a two wheeled vehicle and actuully propul It fabric t 4. by the linfntfs. trim mings, and general workmanship. This label jfjljted jjenjamin 5 (y MAKERS ffi NEW YORK b on clothes that comply with these requirements yet cost you no more than ordinary ready mado, which never will meet them; Cm1 (w Km raritflMMtb to el bat rice. The nukon' uraatM, 4 mm. with evtry gimeat. We are CxclwJvt) DUUlbuton la this city, , am with their own leg the trouble begnn. Such roads would never do. The leg kicked and their owner also, meta phorically. The Interest In bicycles In creased. The League of American. Wheelmen was organlxed. There were other wrongs to be righted and advan tages to be gained, but the great work for which the L. A. W. will live In his tory was the Inlilnllon of thgoot roads' imwiNtiei'.t, JimnS V. Abbott in Hun-? set Mura1ii for Hcpteii'lier. She 1 know some couples quarrel a good sleul at first, but get along pretty" well later on. lie Oh, yes! Some peo ple take matrimony like rheumatism 4t they get so accustomed to It that they don't comnliiln much.. list Call for It! ELCIELO 10-GENT CI G A HOME MANUFACTURED BEST FOR THE. MONEY The 1 Clelo Cigar may be had at any of the fol lowing places of business: TH0S PETERSON D. B. ALLEN ' JOHNSON L COOK S. KENNEY CHAS. WESCNE 0EO. CrtUTTER . CHAS. OLSEN fRED BROWN THE LOUVRE JOHN PINTTALA P. E. PETERSON The following East Astoria houses carry the El Cieloi ' WILLIAM NYBERG CEO. LINDSTR0M MRS. TYSON Manufactured by JOHN V. BURNS ASTORIA, OREGON I . . st deceived at TIE IE IIVE-New Fall and Winter (Sqq 1 1! bi!-gHJffiiJf'"'l.!lH. !!L.Lmrm!- ! -' ' Ladies Cravenette Rain Coats - These coats were bought by our combination of buyers at a prire that cannot be dupli cated by any house in the city These coat9 are made in the' latest fstyle, by standard tailors and in all the desirable shades $4.00 to $20.00 BOYS SUITS Splendid new line of Boys' School Suits made for wear at ...... :j i " 75c, $1.00, $1.25, $1.50 to $3.00 mm Wv S3 if 1 S H O E vS '' .'. ." i '.. .- ' . ' The best line of School shoes ;'at the lowest price in Astoria Children's Shoes 25c to f 1.25 , Misses' Shoes $1.00 to ( 1.75 - V --" I ' Ladles Shoes $1.00 to $3.25 Boys " District 76'V tbe hoe famous the country over at $1.35 TO $2.00 You Can Always Buy Them Cheaper at Stfe BEE HIVE 1 ' Ccr Fall Opening In Millinery will be announced later. The epartment will be under the management of an Eastern Milliner K