THE MORNING A STOIil AN, ASTORIA. OREGON.
SUNDAY; -OCTOBER -4,-1508,
FOSTAL SAViliGS CVIaS
n I I! s
Seeii' California?
Here's Your Chance at
R30SEVELTS
!,! i tribute to .
Machinery of Congress Already
Started for Postal Saving
flank Law..
ipR.TAFTj
A Safe and Sane Flan for the Con
venience of the Feoplo and the
Encouragement of Thrift.
1 ?y
...aSTL
J I feet that the country if ladeed to be congratulated upoa the
fcemtnatioa of Mr. Taft. I Iwi known him intimately for many yeera
And X hate a peculiar faaliflf lor him, because thrcughout that time
ha workad for the same object, with the same purposes and Idaala. .,
,r I do not believe there could be found la all the country maa
pa wall fitted to ba President
, ' Ha ta not only abaolataly fearless, abaolutely disinterested and up
tight, but ha haa tha wldeat acquaintance with tha nation'a needs, with
out and within, and tha broadaat aympathiaa with all our eitlsana. ,
Ba would ba aa emphatically a President of tha plala people as
iincoln, yat not tinoola himself would ba f rear from tha laaat taint
of demagogy, tha laaat tandanoy to arouaa or appeal to olass hatrad of
any kind. . '
Ho baa a peculiar and Intimate knowledge of and aympathy with
'the needs of all our people of tha farmer, of the wage earner, of tha
'fcualneaa man, of tha property owner.
Vtt No matter what a man'a aceupatioa or social position, ao matter
'what hie creed, hie oolor, or tha aeotlon of the country from which ba
'cornea, If ha la an honeet, hard working man who trlea to do hla duty
toward bla neighbor and toward tha country, ha can reet aaaured that
ha will have la Mr. Taft tha moat nprlght of representatives aad tha
oet fearless of champions, '
, Mr. Taft atanda againat privileges and ha atanda pre-eminently for
the broad 'prlnetplee of American citia enahip which 11a at tha founda
tion of our national well being.
rapla el ESaaalUa.
, 'in the great battle of Itm tha Re
publican party again atood for the
maintenance of the Integrity of the na
tion. The Ilxlit was sgalnat odds pro
duced by a great Industrial depression,
aad against the mwt nmhlatlcsl ru-
FINANCIAL.
REft3IOF?Tim CONDITION
: )OV TUB ' -
1 '
II
First
onal
Bank
At Aitoria, in the State of Oregon,
at the close of business, September
Z3, 190a
RESOURCES.
Loan and discount! $465,686.12
Overdrafts, lecurcd, and un- ,
secured 3,517.04
U. S. Bond to secure cir-
culation,. 40,000.00
Premiuma on U. S. Bonds 1.200.00
Bonds, securities, etc...... 55,430.00
Due from National Banks
(not reserve agents)... 78,390.32
Due from State Banks and
Bankere 13,225.16
Due from approved reserve
-agents 177,732.16
Checka and other cash
items 426,78
Notes of other National
Banks 1.495.00
Nickels and cents 31725
Lawful money reserve in
bank, rlat .
Specie $203,000.00
Legal-tender notes 715 00 203,715.00
Redemption fund with U.
'S. Treasurer (5pcr cent
of circulation) 2,000.00
Due from U. S. Treasurer,
other than 5 per cent re
demption fund 350.00
Total ........$1,043,485.43
LIABILITIES.
Capital stock pain in .i... $100,000.00
Surplus fund 26,000.00
Undivided profits, less ex
penses and taxes paid.. 25,058.94
National Bank notes out
standing 40,000.00
Due to State Banks and
Bankers 981.02
Individual deposits subject
t to check $682,707,70
Demand certificates of de- -
' posit 169,477.09 -. ?
Certified, Checks 260.68 852,445.47
' Total $1,043,485.43
, State of Oregon, County of Clat
sop,' as.: " ' "
I, S. S. Gordon, Cashier of the
above-named bank, do solemnly swear
that; the above statement is true to
the best of my knowledge and belief.
S. S. GORDON,
; 1 ' . Cashier.
Subscribed and sworn to before me
this 26th day of September, 1908.
V. BOELLING,
, ,.- Notary Public.
Correct--Attest: 1
. . , G. C. FLAVEL,
,;; , . w. f. McGregor, ,
- I JACOB KAMM, ,.
- ;' - f I Directors.
sciiii-iEiisiis m
Statement called by the State Bank Examiner, September 23, 1908,
(Condensed)
Loans and securities $107,182.95 Capital $ 50,000.00
Furniture and fixtures.,... ; 4,421.46 Undivided profits - 4,358.25
Expense account '.' 1,279.41 k
Available funds: , . m
Due from banks... $15,533.47 - ; ; '
Cash in vault.... $16,887.82 32,421.29 Deposits . . 90,946.86
Total. '.$145,305.11 -'Total ...... $145,305.11
mm. the Republkaa ' party mala
taluod a campaign of education asseog
the : wage-earners 5 and the farmers,
which ultimately led to the complete
defeat of. this second financial bereey
which fans threatened the Integrity of
our business structure. Hot. Wat H.
Taft, at Kansas City, lie.
FINANCIAL.
REPORT OF THE CONDITION
.. OF THE f;!',
' a ' t
n
At Astoria in the State of. Oregon, at
the close of business, September 23,
1908.
RESOURCES. i
Loans and discounts ....$433,677.7?
Overdrafts, secured and
unsecured 8,465.35
U. S. Bonds to -secure cir
culation . 47,500.00
U. S. Bonds to secure U. S.
Deposits 20,000.00
Other Bonds to secure U.
S. Deposit 34,000.00
Premiums on U. S. Bonds 3,045.00
Bonds, securities, etc 65,413.30
Banking house, furniture,
and tixturcs 4,030.00
Other real estate owned.. 8.233.41
Due from State Banks and - '
Bankers 4,845.45
Due from approved reserve
. agents 143,049.01
Checks and other cash
items 3,672.71
Notes of other- National
Banks 1,240.00
Fractional paper currency, '
nickels, and cents 241.22
Lawful money reserve in
bank, viz: 1
Specie ......... $77,379.65
LeRal-tendcr notes 720j00 78,099.65
Redemption fund with U.
S. Treasurer (5 per cent ,
of circulation) 2,375.00
Total $857,887.89
LIABILITIES.
Capital stock paid in $ 50,000.00
Surplus fund 50,000.00
Undivided profits, less ex- ' '
penses and taxes paid.. 18,786.55
National Bank notes-outstanding
44,000.00
Individual deposits subject
to check.... $339,642.98
Demand certificates of de
posit 51,457.61 ,
Time certificates of de
posit 253,859.00
Certified checks 141.75 . , ;
United States deposits...; '
.. 50,000.00 695,101.34
Total $857,887.89
State of Oregon, County of Clat
sop, ss.; ,
I, J. E. HJggins, Cashier of the
above-named bank, do solemnly
swear that the above statement is
true to the best of my. knowledge
and belief. .
, ' J. E. II I G GINS,
Cashier.
Subscribed and sworn to before
me this 30th day of September, 1908.
M. C. MAGEE.
. Notary Public.
Correct Attest:
GEO. H. GEORGE,
GEORGE W. WARREN,
: J A. SCHERNECKAU.
. ;: : ; ..: 4 j Directors. ',
J. M. ANDERSON,'
' Cashier .
Mo
a auoiiiai
"We fnvor the fstaMWimcnt of a
postnl navlnge bank aytifcMn for the con
venience of the 'people and the encour
agement of thrift." '' '
, This la th declaration of the Heptib
llcan national .platform, and postal ar
lni! hanka will without doubt ho au
thorized by In w and wrtnbllshed as a
part of our (Innnelul ' aystem by the
action .of Comrrcsii at lia coming aVs
alon, which will be convened in Decem
ber, Indeed, much' hna already been
accoinpllnhed towards the enactment of
this law. At the Jaxt sewlon of Con-,
gnwe a hill wae carefully , prepared
which met with the approval of the
Postmaster General, and was reported
ojion favorably by tbe Senate Commit;
tee on Post Olflces and Poet Roads.
This bill la now on tbe Senate calendar
and can be acted upon aa soon aa Con
gress Is convened. f ' '
The scope of the proposed law Is set
forth in the committee report, which la
In part aa follows:
CoMml( Hort.
The purpose of tbla bill is to place
at the disposal of people of small
mans the machinery of tbe Postofflce
Department to aid and encourage them
to euve their earnings. The subject of
poatal aarlngs hanks or depoeltorles Is
not new iu this country and it may be
truly eakl to be quite familiar to the
people of Europe and the British colon
lea. The propriety of eatahllahlng
postal savings banks became tbe sub
ject of dlacusslon in England as early
aa 1807. Every objection to such use
of the poatotUce facilities urged in tbla
country waa vigorously pressed in the
long-continued discussion of the subject
in England.
For over fifty years private savings
inntltotlonf waged bitter opposition to
the growing sentiment in favor of poatal
aavlngs banks, hut notwithstanding
such opposition in 1861 an act of Par
liament waa passed entitled "An act
to grant additional facilities for de
positing sniiill savings with the security
of the government for tbe d'ie repay
ment thereof." That the alarm of pri
vate Institutions waa HI founded Is
amply proven by the recorded fact that
the private aavlnga , banks Increased
thulr capital by more than ten millions
of dollars iu tbe first fifteen years fol
lowing the establishment of postal sav
iors Institutions. :
That tbe poatal savings Institutions
proved successful la satisfactorily at
tested by the fact that no backward
atep haa ever been taken In England on
this subject and by tbe further fact
that in rapid succession the lead of
England was taken by other countries.
The primary purpose of these insti
tutions Is to encourage thrift and a
saving disposition among the people of
small meana by placing at their dis
posal in every part of the country
ready facilities for the depositing of
small sums, with absolute assurance of
repayment on demand with a low rate
of Interest on a limited aggregate
amount.
roatal SavlBta Baaka Needed.
In certain parts of our country sav
ings institutions are sufficiently numer
ous, to accommodate the people, but
such areas are Quite limited, being con
fined to New England and New York.
It Is alleged that by reason of tbe num
ber and location of savings banks there
Is one aavlnga account to every two of
tbe population of New England, where
as la all tbe country outside New En
gland and New York the average la
only one. savings account to every 157
of the population. Taking such figures
to be approximately correct and recog
nising the fact that the people of all
sections of thia country are pretty
much the same in habits, inclinations,
and purposes, it must be obvious to the
most casual observer that the people
of the South, the Middle West, and tbe
West do not save their earnings aa do
those of New England from the mere
wait of secure places la which deposits
may be made. " , '
To those who feel inclined to believe
that the establishment of postal aav
lnga depositories will involve, an ele
ment of paternalism tt seems quite suf
ficient to, suggest that the machinery of
the Poatolfioe Department Is now in ex
istence and will continue to exist with
out diminution of expense whether
such depositories are created or not
and . that . the , eatublUuuient. of these
depositories for the benefit of the
people will not involve one farthing of
loss to the Post-Omee Department, but
will probably, on the contrary, prore
aiore than self-austatnlng. Very alight
computation will elearly demonstrate
that the poatal aavlngs depositors cau
not burden the Tost-Offlce Department
with any additional deficiency.
' If I am elected President I shall
urge upon; Congress, with every hope
of success, that a law be passed requir
ing a. filing, in a Floral .office of a
statement' of the contributions racoltsd
by committees and candidates in alee-,
tlona for members of Congress end la
such other elections aa are eonstlta
tlonally within the control of Congress.
From Hon. Wm. H. Taffa speeen a
ceptlng Presidential nomlaatioa.
Dates of Sale Oct. 3 and 4
Return Limit 29 Days
On Oct. 3rd and 4th round trip tickets , will be on
sale from Portland to San Francisco at $25.00. The
SOUTHERN PACIFIC CO e (Lines in Oregon)
Has put in this exceedingly low excursion rate on account of the
Trans-Mississippi Commercial Congress, bot it is open to the entire
public. Tickets bear a final return limit of twenty-nine days. This
provides loads of time to take in the sights of San Francisco- a city'
rising in splendor from her own ashes as well as "Excursion" to
"Los Angeles and all tne delightful resorts in Southern California.
California has been called the Mecce of the "winter tourist." It is a
state rich in historic and unusual attractions of natural and man created
beautiesof luxurious resortsof , fine, homely homes and hospitable
citizens. . . ..' .
' We will take pleasure in sending you descriptive literature on Cali
fornia and providing full information.
General Passenger Agent
PORTLAND, - - OPwR.
ENEMY OP TAEHT.
labor World Sees Danger ia Bryan
Plan of Tariff for Revenue Only..'
(From the Labor World.)
Worklngmen and producers generally
should not delude themselves with the
belief that, if Mr. Bryan shall he elect
ed President,1 his plans for revision of
tbe tariff will present no menace to the
country. ' Mr. Bryan la the professed
enemy of the tariff system. He would
impose duties, If at all, for .revenue
purposes only. On articles competing
with what be chooses to call trust-made
goods he would hav no duty at all.
Any apparent deficit In Import duties
arising from revised schedules he esti
mates would be more than made up by
increased Imports. Of course, his hope
is to strike at the great protection
States, which happen to be Republican
In politics, like Pennsylvania, New
York, Ohio, Illinois, Indiana, West Vir
ginia, etc. It doea not seem to matter
to him that every dollar's worth of for
eign goods in the competitive class com
ing into the United States on a revenue
or free trade oasis necessarily by so
much reduces the demand for home
goods, thus displacing Just that much
American labor. What he wants to do
la to rebuke and avenge himself upon
protected manufacturers who do not
agree woth him in politics and who will
have none of him at tbe polls, says an
exchange.
But while Mr. Bryan ia gunning for
protected industries and Republican
States, once his proposed tariff law
ahould be In force it; would fall alike
upon all sections of the country, the
only differences between one State and
another being ia the degree of hardship
imposed.
1 We hear of worklngmen saying that
this time, they intend to vote for Mr.
Bryan, because for the past ten months
we have had hard times. But what
good will thnt do? flow Is a tariff for
revenue, Ignoring the protection Idea
altogether, going to open the shops and
mills? How will the election of Sena
tors by direct vote start tbe wheels of
industry? Or the publication' of cam
paign contributions? Or the furt'.icr
harassment of the railroads? . Or the
reorganization of the House, so that
the Speaker may be powerless? Why
open this country now to the markets
of the world when we have not .suffi
cient demand to consume what we our
selves manufacture? Under Republi
can rule we have Just had ten years of
unparalleled prosperity. Under Dem
ocratic administrations we have never
had prosperity for any period, long or
short ;':.'
Can't Disaffect the Farmers.
The failure of Bryan's desperate at
tempts to curry favor with the farmers
is Illustrated by tbe manner in which
he was received at Crookaton, Minn.
According to Congressman Hnlvor Stev
enson the event went off as follows:
"Bryan's speech at Crookston was a
great dlaappolutmeut. He actually lost
ground there for Democracy. Thous
ands of peoplo were there to hear him,
and waited till ten o'clock In the even
ing before he appeared. The address'
was a narrow appeal to farmers, a
harangue, trying to prejudice them
against Republicanism. It didn't take'
at all. Only once was there.' tl slight
est, symptom of applause. He stiok to
a silent, disappointed audience." !
Unfermented Grape Juice
absolutely non-alcoholic
, Concord..,.. ...5oc quart
Catawba:;.? ...?.L6oc quart
v Welch's Grape Juice 1
Nips..... 10c
AMERICAN IMPORTING CO.
589 Commercial Street - -
iTHB TRBNTON j
i
Fint-Class Liquors aadOCigars
I Corner Commercial and 14th."
You want the best money can buy
pleasures, etc., why not in education?
Portland's Leading Business College
offers such to you and at no greater cost; thaa , an inferior, school.
Owners practical teachers More Calk than we can fill
Teachers actual business mea ... Ia session the entire year
Positions guaranteed graduate . Catalogue,"A" for, the asking
M. WALKER, Pres. r ; . vV 6. A. BOSSFW'Mf. Secy.
HENRY SHERM AN, llanajtr.
Hacks, CarriagesBaggage Checked and Transferred Tracks aad Furaltare
i ;, WagonsPianos Moved, Boxed aad Shipped.
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::STEEL''EWART
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Phone-Main 3881 .v426pbndSStreet
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if ' -