The Oregon daily journal., November 13, 1907, Page 6, Image 6

LGE OF m .TOTIftNAT, i ; feilM ..
THE JOURNAL
' . AW WI':HNf)EWT NgWSPAPta.
r JaCKHON , ,..PntIUbf
- l.lr BKirnln., at la. Jornl Build.
rf. mm '''"'t'li "m-.-. .......
Lctrn1 at lh iiufnc at rNjrtlaod. Or., for
iim.i sb lb malla eaeood-cUM
TEl.i:iIIONK-IAIM TITS,
ill SaparironiU mchfd kr tale aoiabar.
li r wr' 'a '';'!"" f" want.
roatlOS Al'VKUTISIN KKPHMBMATIVK
Vnvl.nd IWnj.mln P-Il A!rtllri Agwic-.
Hruimwlc Huli-llnr. 2tt nftb araaaa, Naw
V': THbilny llntlilltl f I .
iuUcrlpll.iB Trrm 7 null aOdfaea
tm U CallH tlair ' .mid of aleilc.
I'Aii V.
6a. m 15 k. nn smth.. I .SO
' M M'AV.
Cm rear. . . i: '" monts. .......$ .IB
PAII.V A MI SUNDAY,
On yar ST.' One Baulk I
had remained irf the banks would which are member of t to preserve
err ai a basis for $1,200,000,-1 credit and maintain stability and re-
000 of credits or loans, and this slit a panic. This association of
would, have averted the panic, and banks, while guarding the interests
this without Increasing the banks' of each, la always on the alert to
reserves or liabilities a dollar. If guard the financial Interests of the
the banks in which tho $250,000,000 public, and to prevent illegitimate
had been deposited had been au- methods of banking.
thorlzed, as they should have born, Thla, by the way. Is by no means
to create bank note credits as welM the first Instance ot- the use of
as bank book credits, and they had clearing house certificates. They
proceedod to convert this $20,000,- were issued In some eastern cities
000 of bank book credits Into bank In 1865, 1873, 1893 and 1897, and
under the high protective Dlngley
tariff,' the source from which all In
dustrial and commercial blessings
flow? "
POSTAL REFORMS ADVOCATED BY
MEN WHO KNOW
Unfounded rnmnr hmm h1ftVonl I From ColIUr'i,
... ir a urno me reputation or fourth clM, po.tmsstsrs gathered In na
many a gooa person, and It can also tional eonvsntion at Washing ton on Oo
pull down a financial Institution. J tober 11 discussed ths needs of the
postal service. They adopted resoiu-
lln ....I.. .1 m . m I
Half of Delaware went dry in the L.vinBs bank .y.t.m. a ..n.ral osrcis
recent election, and half Of Dela- post and a special service for rural free
ware la nearly as large as some vot- '"livery. For the general parcels iot
cote credits, me ontiKa wumu oQumu action uas Doen or great vuiue mg yreciacis in uregon.
have been affected in any degree or to the communities In which, In
(n n n-av o hnloir nnn fll whoIA I timet Of financial ) If vaalflkon.l T 1 T" 1
- " I ... . .v 1 I a r- a. U I -
a. a uui luc a cuuic
a -
THE MERt H ANTS NATIONAL.
T
00 MUCH talk, based on mere
rumor and unfounded guesHoa,
was what downed the Mer
chants' National bank. Home-
' whore from 1,000 to 10,000 people
went around shaking their headi
and 'looking wise' and hinting or
guessing, that the Merchants' was
a weak financial brother, and the
suspicion and doubt thu engon
dered spread, and people by hun
dreds and thousands, though with
out making any observable "run,'
slipped In and drew out their money,
until the bank, not being able to
realize Immediately on its resources,
had tojplve op temporarily. A bank
that within a few weeks could hand
out 3,100,000 In cash, being as
slsted to the extent of only $250,000,
meanwhile collecting only a small
fraction of Its resources, was not In
a position Justifying these wide
spread, .suspicions, rumors, doubts
and withdrawals. The Ignorant
horde ot busybodies who persistent
ly circulated these damaging reports
are to blame. No one has any right
to go about asserting or, hinting
country would have b(n amply sup-
piled with currency with which to
trunsart all the fall business. This
could have been done by authorizing
nrh hank to lusue cashier's checks,
payable to hearer, hlch is a cur
rent credit, that Is, credit, that
F
arge
centa a pound Instead of II. aa at pres
ent, and an Increase In the weight limit
from 4 to 11 pounds. On the rural de
livery" routes the limit was also to be 11
pounds, and the charge t centa for the
rirai pound and s- cents ror each aduM
Railroad Tyranny. The DroDoaaJ to deveton tha noaalbll
Waldo, Nov". 10. To the Fdltor of of the rural free delivery service is
EDERAI. COKTROT. of coroora- The Joum.i-n, i. ,., in line wiin tne suggeetiona of the pos-
.....n. v .,.u v mi progress league, although it e
'GOVERNMENT CXJXTKOI..
doubt a phase of centralization,!
passes hy more delivery, requiring no ftnd PP1,J Justified In being son" and "railroad ownership of the h three gr,
Indorsement. An issue of credit watchful and suspicious of broad and aov.rnnient" by a few manipulators and turS the departments def
that a bank is weak and unreliable
without knowing it to be so. Tet
such Is human nature.
Notwithstanding the suspension of
the Merchants' bank, The Journal
still maintains that there is no oc
casion for panic, or alarm, or sus
picious foreboding In the local situ
ation. If most people are about to
go temporarily insane and Insist on
having their money all at once, In
order to hide It and keep It out of
circulation, why of course there will
be trouble till they regain their
V senses; but we do not expect to see
, Iny more exhibitions of such Insane
and groundless fear. Now that the
bank against which the busybodies
directed their attacks, has failed,
they will probably be satisfied to
Bay, "I told you so." And it Is not
likely that they could pull down the
other Institutions anyway. The un
dercurrent of the so-called "panic"
has spent Its force here, and hidden
money, In addition to that soon to
be received for cropB, will eome forth
again and the storm will be ovr.
The failure of the Merchants' was
apparently the "clearlng-up shower."
As for that bank, It may be con
fldently expected, from the present
outlook, that the prediction of its
president, Mr. Watson, that it will
not only liquidate In full but will
reopen, will he verified. It was not
wrecked by a series of wildcat Bpecu
latlons and loans far beyond the
value of eecurltles, or on "wind," but
by the peculiar and unexpected
'stringency" ; that has pinched the
whole country, and by the persis
tent false and unfounded rumors of
which it waa the victim.
tlons doing an Interstate busl- Unton in your Issue of the ith Is go as far. At preaent the rural free de
ness. osnacfallv railroads. Is no fnouh " ' Amerl- T7 ,IJln.o"
' - Iran tn lt - u i i. I i - w- - ,
",,u "" I It eoata nearlr mio non a vnp and
His Ideas of the "plotting of trea- I brings In not more than about $6, 000,000.
great leaks, the
it which would
indorsement. An issue of credit Vcuiui ana suspicious oi oroitu uu w ma.nipuiiora ana turn the department s deflolt Into a aur-
. .. , a i,.n. I railroad gamblers is well worth read- Dlua. Under tha Dreaant rulea the car
currency adequate to meet IDe re-1 """cu"ul" u,",u """""" In, and eareful consideration. I , ?!. with his hor.e and wagon, handles
oulrements of trade and currently re- uon- u" er mu" a Change; wltn hlm that thi .-breed- SIV, 5.u' 8 J.V!"1 .' m,L .,n !
deemed In gold coin is a Drincinla tnese corporations must bo controlled Ing their own destruction," for the more. He oould easily handle 10 or 20
followed bv everv rlvlllat ennntrv In the public Interest. That they American people when once they become times as much. Unde, the plan of the
roiiowea oy every civiuxea country ' aroused by public sentiment can and postmasters convention he could carry
In the world except Our own." cannoi DO trusted to ao ousiness inev will protect themselves, and any a'0"' Pouna parcel ror 11 cents insteaa
To this nlan there will be various right Past arguing. This may not by the unfair 'ViV,. L.1'. ..Z. 1 for :5 cents'an 11 oound oackage. which
. . . ... I mnii, n .it I..-. .n.nn..iitr,a kni rivMn win k. i,ui.4 i .. now he la not allowed to take at an r
objections, or course, one being that -"" ""' dealt with accordingTr ' "uu price. Under such conditions he might
voiced by Mr. Bryan, who contend. t0 con; JJtly 2JLX I" L'JA LVua5hdXer ?ch.'"mT'h'r'beil2
that any "elastlo" or "emergency" iro or mem, ana especially mose oi lh8 , rz"-"- " V"'"" to be, as It ahould be. a source of profit
. . la in.. iii.nH, Im. I netnata.1 - . f s i.i.- ,- I Instead of one of loaa.
currency proposed by Towler, Me- - - ill eve. T.he 'V." Postmaater-Oeneral Meyer. In an ad-
Cleary. Aldrlch and othera is an "aa- eratlve. And along with that con- Uw fairaeae; tfie methods of which jLf;. ? ,co"vnti?ni .SiAJi
set" currency, intended to give theU or as a part of It. there should - ly Jamnah.e oppo-u-on the
bankers absolute control of the coun- uca "oeri' Zu7?; uStolSS'.tVSSl.l could bi a.id that would Ticbneui tui
try's financial system and aupply. LfmD,nauon . .. . " Ktwa lor "l" their Ubor and pr.nt
Dom tne dudiic ana ine corDora- auperior opDortuni-1 zi "r -i . (-
. . .... OT rtiahnn.af lie. I itiivci urn, n nimu. ...
ful men believe that the nresent day tlon- Th ,dea "hou,d be not
nanio waa hrnttrtt ahnnt fni' tha n.ir. oppress or harass the corporations
rose of forcing through congress an but to make them mderstand never
asset currency bill, thus giving to
the financiers absolute control over
theless that the public
comes first. Mr. Seth Low,
to Vhla elemant nf rfa.rn. r.t. Principal, and all Mr. Meyer wanted
lu . . eim.ent.0' degenerate men nave Ml., .fanthnritv frnm ronareaa to rla-ht
of r'tlteVr. 11 5f,W-Tlnju-tlc. to the AFcn peopl."-
. their own sons aniT daurh ah.ii " rIn n? J? S??" A
wltneaa thalv in..i' .Za i on oomeiuc parcel onu oiuy 11 cunn
interest lP T.XU.VnV K im
re' hnu;Vmrr.'o?V.,rreeord,r hntyth'.r Pound, would la doing only what w.
Small Ckangtf
11-1 1 ,
It would take an exceedingly elastla
currency to suit some bankers.
a
Nn Arialhart a har aaanolaMnn la not
had already done ror tne people or t an organisation or oartenaers.
coiyitrlse with which ws had parcels
pom conventions. ' When the campaign funj Is low.
The chief opposition to the extension General Apathy takea command.'
of the paroels post system, aside from , , e e ,
the express companies, has come from Tn ut Tn(Jni continue to Intimate
the country .nrohants. Mr. Meyer thM th ,d ralh.r f ht
proposes to dlearm that by orrerlng work,
the oountry dealer the great advantage s a
of reduced rate on the ' rural free de- A fo b,jjoon,ti j,,
livery routes. That "WV'L"' Vl? Wt know wliere I am going, but I'm
farmer and the patron along the rural on ,u, wa
route to order auppllea by telephone " '
?S, p?,l!l,ie,r.1 wh6 )L J0LJhC Nobody has yet sttrlbuted this eo-
ble to drive to town for them thereby m rJJivembcr waaUier to Mr. Mul-
Increaatng the consumption and In that calendar
way Improving of the trade of the ' a a
oountry merchant" It cannot be expected that Rhode Is-
To the bankers who object to postal lnnd wlu g0 dry as long ss it sends
av na-a banks the Dostmaater-general w,im,r. iv,.
confides his Intention, if -tha system I . .
be established, to keep the postal de i'.i..,'. ...... ran .. ,.
poslta tn the- national 1anks. Offering . kf'"'r "'jlth scare, family says
only two per cent ntere.t. he would not - " V""' - 7"! ' "
compete wun oruinary aavmgr. inm, i
but he would tap a great stratum of
i .- 1.-- M k. h.nl. I "l.Af .vervtwlv wrtrlr ramarlra a Al
of lmmlgranu who are "Ignorant of dactloal exchange. Certainly, but every
our language and are not familiar body won't, all the same,
with our Institutions, but who have
absolute confidence in the government." In expressing his dee-llght st the re
He would also accommodate great num- suits of the Tate elections. President
bers of people who now have no aav- Roosevelt did not especially mention
Ings banks within reach. .The private Cleveland,
savings banks In New York which paw a a
thamaelvea besleand during the late . "The cow needs plenty of water."
panto by crasy forelgnere scrambling to says the American Farmer. Out If she
draw out their money, might have been doesn't get It, the milk can be watered
very willing to turn over such depos- just the same.
Itora to Mr. Meyer. .......
With the whole postal service, from A man who refused to eat anything
th. rnnrth-Maaa noatmaaters to the but peanuts died, but this Is nothing
poetmaster-generel that Is to say, the against goobers, used occasionally
entire body of men having experi ajong wun otner gruo.
knowledge of the conditions united in a a
favor of these reforms, the burden of "There was a big hop at the school
proof Is very heavy on the side of house." writes the Juntura correspon-
thna. whn nnnoan them. Not Only do riant nf the Vala Orlann. fin account of
almost all the civilised nations of the school ma'am or a mouse T
world successfully maintain postal sav
ings banks, but we ourelve maintain
auch a system In the Philippines. We
If. ss Mr. Bryan say a. nine-tenths of
the Republicans are Democrats, whst a
voting the Republican ticket
a a
A London paper says King Kdward
has a keen sense of humor. Probsbly
f mi ml nnn worklna- satisfactorily !n I ... . - ... ,w. I.. Kit
Hawaii wnen we anneaeu uu imnu
and abolished It to pleaae the private
bankers. Not only do almost all othef
nations successfully maintain parcels
P"T" wiVk .rj.r.1 of them o he is already seeing through the Jokes
change parcels with several or tnern. so u . Tw . ' t !t , at ,Drin.
that our people can send packages Mr wain got orr last spring,
sbroad cheaper than they can send .... ,
them nest door. The action of the 'Down In Mexico some people aullty
postmssters convention Is a pretty of prpetratlns; lnsursnre frauds will
clear sign that these anomalies win
not be tolerated much longer.
n. nannio'a mr.nr- ami thar "an cent address before the National oo slow for them; evidently they pre- i w
IssetTu? ration in Chicago, laid Harney County and Har- Are You a DrinW Man
the money trust haa for years con
tended and one of the things It most
desires. It will be a sorry day for
the American people when thy sleep
so soundly as to permit these money
gamblers to place upon the statute
books such a measure as is contem
plated by the American Bankers' as
sociation." An asset currency, It Is
contended, "would simply increase
Wall street's control over the na
tion's finances. Such elasticity as Is
necessary should be controlled by the
government, and not by the banks."
The means suggested for government
controlled elasticity are increasing
and decreasing government deposits
according to the needs of business;
or It could provide for the temporary
Issue of treasury notes on govern
ment bonds whenever a holder ot
bonds is willing to surrender the in
terest: or It could Issue treasury
notes In any emergency.
It is a large question, and no
doubt to the average member of
congress a difficult one; and among
such honest differences of opinion,
not to speak of Influences prompted
by sinister or selfish motives, it is
unlikely that congress will do any
thing of much benefit to the country.
down the rlzht orlnclDle when he Irksome ways of honest riches.
1 I Mr. Denton tmlv aava 'w. nan Mil
said: I all over him whenever we please." and
The large corporation has demonstret- ""inf'afflrtanti. tA.a .
.J - -- It. AA I . 7 . -""- W "1 "
riman By Ella Wheeler Wilcox.
Are you a frlnklng manT A man who
The Harney Valley News, after quot-lu.es alcohollo drinks habltuslly? Are
THE CTJRItENCr PROBLEM.
REPRESENT ATI VB FOWLER of
New Jersey, comes into promi
nence now because, he Is chair
man of the house committee on
i . banking and currency, and by rea
.'' eon of this position ia looked upon
r-. aa the natural leader in any scheme
( of currency reform or readjustment.
Mr. Fowler not long ago expressed
himself at some length upon the
.. flirrentf miAQtlrm In o 1 1 1. 1. 1 n
'. follows:
"The cause of the currency strin
gency is that there is scattered
broadcast throughout the country,
t . f the mints, in the wheat, corn and j
; cotton fields, in the pockets of the J
. people or locked up, about $1,300,
OOO.OQO of the reserve money of the
United States, most of which, under
a proper condition, would be In the
; banks, serving as a reserve. Tem
porary relief will be through the
form of clearing house certificates,
cashiers' checks and due bills of
business " houses and manufacturers
- during the ninety days. The perma
nent cure must come through a sys-
tern ' of credit currency expanding
." and contracting with tho ordinary
i demands of the smaller trade, pre
; relsely as checks and drafts do in the
: hmader field of commerce, if tho
V certificate ; reserves mow scattered
over the. country were in the banks
.where they belong there would be
no money panic. During four months
. $500,000,000, $250,000,000 of it re
serve money, hare been sent by the
bank Into the country, which If It
CLEARING HOt'SES.
J1
HERE IS a clearing house as
soclatlon, as millions of peo
ple are realizing more than
ever before, in all the princi
pal cities of the country, but the
overtowerlng one of all in point of
transactions handled la, of course,
that of New York city, the clearings
of which for the last four years
were: 1903, $65,970,337,955; 1904
$68,649,418,672; 1905, $93,822,
060,201; 1906. $104,675,828,656.
A clearing house, aa haa been
demonstrated recently in many cities
ia a tower of strength in a time of
financial stringency or disturbance
It was In fact financial disasters that
brought clearing houses Into exist
ence. The New York clearing house,
the earliest one, was formed in 1853,
with a membership of 52 banks. Un
der Its system, and that of all other
clearing houses, each bank instead
of presenting separately to the other
bauka for payment such of their
checks as it holds, and in Its turn
paying cash to all the other banks
for such of Its own checks as they
hold, sends them all at a certain
bour to the clearing house.. . Here
all the checks are assorted, a clerk
being present from each bank hav
ing a membership. The sum total
of the checks each bank presents,
compared with the sum total of the
checks presented against it, gives a
balance for which the clearing house
draws U check, and transactions
that would have taken many clerks
and messengers' a whole day to
complete, are finished In an hour
or a little more. j
ea us ernciency and us economy wo or my ground In offering remedies for nK a recent edltdrlal In The Journal you a husband and father? If so, how Stuyveaant Fie
strongly to leave any room for doubt railroad grievances of the present day " recent eauoriai ' rnMi vnnr.pl f to the knowl- P""-ive to be rid
that tn a country like oura if the -eo- but " " offhand proposition I would s-bout central Oregon, says: do you reconcile yourself to tne Knowi interpr
that, in a country like ours. If the peo- u(r(re.t that ,h. ppie compel the "The foregoing from The Portland edge that you are lowering your man- (lon. But there a
pie are to be well served there must railways to double track their roads, journal Illustrates the situation In a hood, making your wife miserable and too expensive to
u- r8 von.uin.wun- ... luo ''"J1"v"' I u th. foverament r.wn oar."' a a I country CO to 0 miles from the rail- bringing shame upon your children!
tat on service, aa elsewhere. The prob-t,e government own cars, and for " ... .... nf ,. Bealdee bringing tm. you are rob-
. I a legitimate toil mn ha. n.r. n .i road and alves a faint idea of the fflraw-i . , ..r i.i,..ii....
lem 1. how to eecure tn. "X," double tracked road.nd hail ihe pe back, to settlement and development In ft"
such combinations without suffering pie and their freights until such time a country 100 to 150 miles from rail- ndBor,i perception-. Eminent physi-
be .hot If thl. were the law In thla
country, we would have less frensled
financiering with other people's money,
a
Instead of securing a divorce, an
eastern couple have signed an agreement
to live apart for 99 years, but they did
r.ot agree ae to which one waa going to
heaven and which one to the other
place,
a a
Stuyveaant Fieh Bay. It la too ex.
be ricn, wnicn pernaps Aire.
Interpret a. a personal allu
re people wnn mina u
be poor, wnu many
It', too expensive to live.
Oregon Siclleiglits
of developing.
The only answer that haa been sug
gested, outside of government owner
ship and operation, Is government con
trol; end that control ought to be so
devised aa both to permit and to en
courage combinations and Joint agree
ments between railway, whenever these
are In the public Interest.
The two thing, that are necessary to
make auch regulation effective are:
First of all. a recognition that the
railway service of the country Is really
a part of the public service, although
It la conducted through private agen
cies; and, secondly, that the object of
governmental control of the private
agencies doing this business Is not to
limit their activities, hut to make sure
that all their activities are concelveJ,
first and last. In the public Interest.
Rome Eugene "pound" pears weighed
over two pounds each.
the evils which they are also capable I the railroad, should see fit to Uo I road. It require, no gift or prophecy J cn. nav. Deen making a study of the
me iair ining. wnen Mr. Edlaon'a for Mr llarriman ana nis repraeni- .,,.. rink on tha children or drink-
ttery cornea forward now in Uvea In arolnir through Harney county to
the near future whv not l. ........ ... that with an onnortunltv for the w-i!. nA 1 i. . ..unman of tha
munlty have It. own car. and be en- shipment of products, the bualnea. that famiy histories of 8.77 1 children of A Langell valley man got II big fat
mica dv law to onerat. ham nn h. would na tributary to a convenient, ran- 1 ua jiii....i .mii .a innKi through I a-Aaaa nut or one iiock.
aouoie tracK. ir tney could do It cheap- roaa wouia De reaay even VI three generations: 1.871 mnlea, l,oi
" " i no exioruonate rate, charged coraiiiouun jl u .i" female.; 1 9 precocious in one or nrnro A man near Prairie City raisea bv
uf in ranrora: mm uiuuimi u.yi I Ui IM. 421 excellent. MSI itt.r, ,u hn.hrla an acre, of oats on 10 acres.
t r . . . , ... .a.ii . an... , r .run n m 1 1 i .. . " -"
vuumo luvnrnmoni owneranin or vu.u w ...uw, v r. - nuuarna
railroad. Is a stupendous affair and JP1-'" K .there were any assurance oi The parsonal attitude to drink: 60
""." nnr cent abstainer.. Z8 tier cent neer
There may be some dependable
men on the house committee on
banking and currency, none of
whom, however, is a man of national
repute, but the senate committee on
flnanco is "a caution," is "fierce."
It ia composed of Aldrlch (Standard
Oil), Alliii (egg-walker), Bur
rows (ultra partisan machine man),
Piatt (too odorous to approach),
Hansbrough (reputed railroads' and
landgrabbers' tool),1 Pen roBe (would
be Imitator of the late Matt Quay),
Bailey ('smelling of Standard Oil),
Hale, Daniel, Money and Taliaferro.
Allison la clean, but waxy; Hale and
Daniel are able and respectable;
Money and Taliaferro are mere
makeups on the committee, whose
leader and manager Is" Aldrlch. This
is the man the Republican party has
in this Important post at this junc
ture. ,,
man at Summer Lake recently
I A
rnann. Tnnrn mnnav trt. . . , Hi'in l inn i 111.1 kcliiib ii uu..v.v..i . . . .. m.. n.vt onni npr
ttrely fea.tble and profitable and hi. of Induatrtj. would be lunChed if .up. ffinfi g per cent whiikey drinker.. Picked a barrel of apple, from one limb,
been so proven by the older nations, Pu Jherefo1p c,ouH b 'k'? 1-7rJi 1 P"" cent beer and spirit drinker.. . '
Buying a majority of railroad stocks ""J1 Poductai thereof be tranaported F.mliy hlatorv in relation tn drink: A generation hence walnuts will be
ha. been suggested and since men of '? tn ut!,la morld. It is not good or . 713 na(J (jrinking parents. 2.77! had a great and very profitable crop In the
the Harrlman stripe have so success- "Incere reasoning on Mr. Harrlman j drlnkInK Brandprents. z.63f had drink- Willamette valley,
fully pointed the way there ought not palJ. 8.?y that, ,?t!rI2r ?,r' B.,,n,iB Ing parent, and grandparent.. 898 had
be much difficulty In doing thla sufflclwi' y peopled or developed to .up- ab.tainlng parents. 75f had abstaining A man who visited Astoria r.cently.
For my own part I am o? the opinion Prt a railroad. He know, and we all parents and grandparents. Inquired about the great tidal wave
that ki. ."..P."1..1! know that a country whose soil Is pro- b . . . th.r a few vears aao that destroyed
...... .uu mvi.v.i- .in. .no nil luii w f , 1 , III i
give the best solution of a very vexttd
question ana it would add much to
tho safety of human life among a lit
or ranroaa men wno will not put a
reasonable part of their dividend, into
ne Deuermeni or the service.
W. J. WIMER.
Indian Commissioner. Leupp has
decided that the Ute Indians must
work. If Mr. Leupp has also de
vised a way of making them do It he
is entitled to promotion and a big
salary for life.
Suspicion and lack of confidence
were what compelled the suspension
of the Merchant's bank. People's
suspicions and hints and the ru
mors that were kept In circulation,
did the Job.
No one appointed receiver of a
failed bank would suit everybody,
but one who Is unsatisfactory to al
Itnost all the creditors hould step
down and out.
Shakespeare and the Oregon lan
Portland, Nov. 11. To the Editor of
The Journal On the front page of the
Oregonlan'. Monday morning Issue ap
peared the famous remark "Comparl
sons are odorous," which remark was
credited to Mrs. Partington!
It would be kind to pass this with
out comment. We would like to do bo,
for tha Oregonlan evidently knows no
better and it is well to be indulgent to
ignorance. Were the statement found
In the "Possum Trot Weekly" or the
"Roundup Gazette" it might circulate
unchallenged uy us. But there 1. an
other consideration. Stranger, visltlna
In town do sometimes read the Oregon
lan. And strangers, seeing Shake
speare's famous saying thus attributed
by the old, old organ, the self-styled
dean of western letters, to (oh, mom
mer!) Mrs. Partington strnngers, we
fenr, may go homo and tell In Qnth
rude and unpleasant things about the
luok of "culchar" on the coast.
No, friends of the Oregonlan staff,
Mrs. P. is not the only nor the original
exponent of "tangled tongues." you
should read "Much Ado About Nothing."
It Is an Interesting play. We trust it
would please, as It would certalnlv en
lighten you. Its chlefest Jewel ia one
uogDerry, wno, in Act 3, gives utter
ance to tne memorable words, "Com
parlsona are odorous."
Comparisons are odorous." 8o are
Insinuations; and, besides, we wish to
be kind. Therefore we will not say, as
we might, that before you apply the
canons of poetic art to rose slogans it
might be well to familiarise yourself
wun tne greatest, poets, tne immortal
vvuiyum oi Btratford-on-Avon.
A READER.
ductlve and whose natural opportunities .Miren of drlnkinr parent, much of the town and 2.000 people,
for Industry are boundle.s I. neverl Or tnecni 'dren or oring ing p. rente . heard about It over on
,T-l"V"i K?". JV,,. t"'-vS7r : . - w.r Tdulards: of tne children of ah- Gray. Harbor. . .
claim for Mr. Harrlman to malw and I. staining narem. oui Vale My. tha Oriano, Is as solid aa
but a subterfuge to cover deeper ob- parents. 71 per eenta-.ro dullards; of Val .. says
Jects. But the New. believe. Mr. Har- cniioren or aDsiain.ng p.rau .nu buildings are going up.
riman Intend, to build the Oregon Eaat- sb'talning grandparent.. per cent were rbnk wtin money! the
HVhe;Vno?.ion.oVo7eVon the 3.711 children into two PfOPle art out or debt ana nave money
country." I Classes, vis., tnose rree irnm nereamry -
.Irahnlla .lnt anm. .... atrllrlnv nnn. Thntnaa Trlnr. of Dlinriaa raised thl.
inu snowing ior i run i union. trast. mav be noted. year between 12 and 13 tons or wainuts.
From the Kansas City Journal.
Chancellor Day describes Roose
velt as "a frenzied demagogue rav
ing in the plaudits of a brainless
multitude." This fine style is like
ly to make Tom Lawson envious.
This system is very beneficial in
economizing currency. Separate
bank balances each day in cash
would result in a vast amount of
idle money. The clearing house
settles all around by the use of from
3 to 4 per cent of the total amount
of currency Involved. But the
clearing house also serves a very
Important function in such ' a time
as the present in being In tome
measure an alliance of all the banks
If people who take their money
out of banks when it is perfectly safe
there invest It In lots or tracts of
lands, they show that they are at
least half wise.
Great Central Oregon.
From the Silver Lake Leader.
In central Oregon there Is a vast em
plre of as good land as the sun ever
shone upon, awaiting settlement and de
velopment. Jt embraces a territory larg
er in area man some states are com
posed of. It embraces a territory,
where cereals, fruits and vegetable,
grow to perfection. It embraces a ter
ritory where thousands of good homes
can be had. It. embrace, a. territory
wnere mineral, agricultural and lum
bering industries will in time flourish,
ana pour out ricn returns to tne in
vestors. It embraces a territory that
has magniricent and almost unlimited
water power, that will be harnessed
and made to turn the wheels of ma
chinery. It embraces a territory which,
when al! its latent resources are devel
oped will be a surprise to Oregon. It
embrace, a territory that when fully
developed will export morejKhan is at
present exported fr&m the entire state.
All central Oregon needs now is trans
portation facilities so as to open up this
new Eldorado.
There is no hope of Senator Piatt
resigning as long as the country is
menaced with postal savings banks.
But how can It be possible that
there la to much financial trouble
Tho Safe Way.
From the Washington Post. -Live
within your income, and panic
cannot drive you to bankruptcy. Live
beyond your Income, and bankruptcy,
with hideous mien, may cross your
tnresnoia any moment, as ror credit,
It la a blessing or a curse, as it Is
providently used or prodigally abused.
It has made 10,000 fortunes and it has
dissipated as many.
The American people are not as
thrifty as they should be. They pro
duce so prolincally that they waste with
all too much prodigality. This flurry
In Wall street at present 1. local; but
any day, when speculation is greatest,
it may sweep over the land a. In 1873
and 1198 and 'force a liquidation uni
versal. The best way to meet It 1. to
spend les. than you make. That is the
only wax te meet It and comejutjtllv
1 Of thnaa free from hereditary al- which ha haa sold for from IS to 20
1 II I.U. I, An.., ...a n.nfU. .. via. nstnH an mAvmnnm nt about
"After months of Investigation In Y"l'r"J !?'":,iJ t. "nn. -.1 .n'.h m.w YoHr m.r.
i l intii. a veil, wem v. i. . . , n , . I a l.rm n , i (lunin, ... ..... - - - - - - --
Europe and the United States, I am as- cent suffered from some nervou. neu-lkct over the nut. raised In California,
tounded to find more drunkenness where rosls or organic disease. a a
prohibition prevails than where It does nt UV"" ?"? war. , nrnfirYen 77 A d'AnJou pear tree in tne Meorora
not" taint, 3 per cent were nroriclent, 77 district yielded 45 packed boxes, not
The above remark wa. made to Chief B?Sirinl lIa'li"-.S0..?riLfi,t TXJ ' mention four bore ruined by the
n.vwi HoaMnn of th. Van... rirv K.n. deficient, 7 per cent suffered from braklnk- of a limb. They sold for $5.60
sas. police yesterday by the Rev. Wil- BOme nu'o1" o" organic disease. hnx ,n Nmr York city, or $263 gross.
liam Thomson of Cunedln, New Zea- . " " ., netting $1.05 per box, or u.t in Mea-
land, special investigator of the world's from tnese stuaie. Macjicnon con- ford.
liquor altuation. at the expense and un-I cludesr .......
der the credentials of hi. local govern- irst Aieonoi st tne tnresnoia or nre ..., .-,, Grs.no Juice
mant tlnnn th. l.lanH. laaf I 1. A har to MIlCCASa and a fOS tO health. H 111 "l"
winter the Rev. Mr. Thomson wa. In- Second Alcohol, by destroying the In- From the Grant's Pa.s Pacific Outlook.
structed to cover prohibition districts fegrity of the nerve structures ana by Tner. are g00(j people in thi. city
In Europe and America fully, and to ac- lowering the standard of organic rela- rnnaiA(.r it inconsistent for a
cept only as statistic, official reports, tlons,. launches hereditary Influences who consider it inconsistent ror a
The result Is, he says, that he has ac- which by continuous transmission gain Christian either to raise hops or, to
cumulated a vast deal of data and In- momentum and potency, and leave their nni harvest them on tho around that
cldent.lly picked up conclusion, of his Impact on gland and nerve until the . " . . tnfiv .,,, wlth tha
own regarding prohibition. mental, faculties are demoralised, pny- by so doing tney are ainea wun tna
Alter spending two nours Wltn Cnier lcai energies iupeiTBiy nuimn t-u mm ureweriei. t u iniicui muii
Bowden of the Kansas Citv. Kansas, the moral nature becomes degenerate I iinna aornnlna. I.lkwlan there are aood
police headquarters, comparing the dally and dies. people who will look askance upon the
arrest reports of several years back. Third If we are to make any tna wholesale raising' ot grapes, for will
.hfn th. "ininta" were nnen with ihn terlal chansre In the ranks of mental de- ih. nn ha utuisrcui inneiu in th man.
of today, he said that they compared flclents, we must adopt methods of pre- ufacture of wine? Not necessarily, my
favorably with reports from prohibition ventlon as well ss methods of cure. friends. It Is our plan to have all tho
districts all over the world. It Is an excellent proof of the ad- a-rapes that will be eventually raised
"I find crime doe. not diminish with vance of the human race toward better f"n tn). section and which will not be
the lid on," said Mr. Thomson. "On the conditions when we find the medical disposed of in the markets, made up
contrary It Increases, apparently fraternity giving its testimonials against into unfermented grape Juice, one of
throuah the Innate stubbornness of hu- the habitual use of alcehol. the most delicious and healthful bev-
man nature. There ha. never been a Doctors have in times nast done much erages that man ever drank. Tliou-
tlme in a civilized country when Intox- to crente or sustain the nrinK habit, sands of gallons of this product is used
icants could not be obtained. People They have defended alcohol as an ex- jn Oregon, but the larger portion of It
have risen voluntarily and denied them- cfllent "medicine" and declared It to be comes from outside the state. There
aelve. strong beverages although they ofttimes a benefit, used with discretion 8 no reason why southern Oregon
were to be had at their very door, but Of course, the drunkard believes in should not produce all the grape Juice
this was not prohibition, but self-denial, his own "discretion." needed In the state and have a sur-
"I can not say I ndmlre the prohl- But doctors are coming to a reallza- nitis for exnort. This would prove a
bltion Idea. I like rather the self-de- tion of the dangers of Its use. and most profitable Industry for the cap
nlal lnVa and. therefore, lncnl onllnn. science Is stemming- rbrward to help In Hall. t would fnrnlah emnlnvment for
I found Maine very wet with many al- the salvation oC-rising generations from a large number of operative, and pro
leys in the larger cities concealing this great evil, lr V(je a nearby market for tons of our
'speak easys,' or 'Joints,' as they are a a grapes
called here. I have seen business men It has been said that the sftfestltutton
of social rank drinking at the plain plno of an oranire for a drink will remove the t iiHiQ'a RMhilnv
bars in these hidden saloons, with the craving after a few trials, and will for- Alexander O. Hrodie s lilrtDClny.
greatest apparent enjoyment. Some of tifv the strength at the same time. Lieutenant-Colonel Alexander O.
the men drinking there. I was told, had If you area victim of thirst f Rrndie TT. S. A., famous as a "Rouirh
helped make the laws they were thus stlmolants and desire to overcome tl
covertlv breaking. To me- it wilh a I hnhlt. trv this SlmDle remedy.
strong argument against prohibition." Try., also, awakening your own self
New Zealand. Mr. Thomson said, has respect and your .en.e of duty to your
had local option ior years. There are ramiiy.
few towns where absolutely no strong ury prayer to tne inyisioie rienas
rinks are sold.
"There are no saloons in New Zea
land, however, so the use of strong
drinks ha. not been as generally con
demned aB in this country," he said.
"Everv hostelry is provided with a bar
after the manner of old England. The
law has always forbidden a person of
unclean habits entering into tha pro
fession of bartender.'
"IKecentiy. wnen tne moderate Darty
came Into power, an anti-liquor move
ment was created. The policy of the
party Is now a higher license and bet
ter control. The licenso for selling
liquor in xnbw z,eaiana is now nuu a
year."
f No More Pyramiding.
From the Wall Street Journal.
One thing has been pretty clearly es
tablished by the developments In New
York banking. Hereafter the clearing
house wljl not permit the ownership of
banks on Dorrowea money, in other
words, the process of pyramiding banks
must come to an end. A capitalist 1.
not to be permitted to buy a bank and
then hypothecate the bank's stock for
loan, with which to purchase another
bank, the securities of which are put
up for loan, with Which to purchase
another Institution and so on, ad Infini
tum. If this thing Is done, the banks
must not expect to enjoy the privileges
and protection of the clearing house.
Chains of financial Institutions are -one
thing, but the creation of such chains
by the process noted is quits another. 1
Who are always ready to help those who
try to help themselves.
Ana try win power.
T"ou nan overenma th hnhlt. If von
really want to. and once overcome, life
will assume new meaning for you.
Begin today.
Are Yoi Left-Eared?
From the Philadelphia Bulletin.
"Left-eared?" said the physician.
"Most of you girls are."
"Left-eared 7,r said the young lady
from the telephone exchange.
"Yes. left-eared. The same as left-
handed. That is to say, Is your left
ear better at its . work than your right
one?" I
She did not know, so he tested her
finding, sure enough, that her left ear
was a little tne acuter or tne two.
"It 1. a natural thing." he said.
"You girls use the left ear exclusively
an day long in your teiepnone work,
and the right ear nas nothing to do.
Hence the left, like muscle, develops;
the right atrophies.
"Indeed," he ended, "if the telephone
comes into much greater use, we shall
have not merely left-wear exchange
girls, but we shall become a left-eared
nation." -: . . .
j
! Unconditional Surrender.
From the Chicago RecordvHerald.
v Old General Confidence apparent! be
lieve, in fighting it out on this line If it
takea cU. winter; --'. - . . .-! ,
Rider" and at present adjutant general
of the department of Dakota, was born
November 18, 1849, at Edwards, New
York. He graduated from West Point
In 186S and was appointed to the First
cavalry, with which command he saw
much active service In Arizona, Cali
fornia and Washington. In 1877 he re
signed from the army and was succes
sively in the cattle trade In Kansas, a
miner In Dakota and Arizona, and sup
erintendent of a water storage 'company
at Walnut Grove, Arizona. When the
war with Spain broke out he organized
the Arizona volunteers in Roosevelt',
famous Rough Riders and was appointed
major of volunteers. When the war
was over he returned tQ Arizona and In
1902 was appointed governor of the ter
ritory. Three years later he returned to
the arniy, ahd for a year or more did
duty in the fjitllpplnes.
Tills Date In History.
' 1093 Malcolm Canmore. klne- of
Scotland, slain in battle at Alnwick.
1312 King Edward III of England
born.
1883 Remarkable display of meteorlo
stars seen over a large part of North
America.
1834 P. A. B. Wldencr, American
financier, born.
1839 Khelat, capital of Beloochlstan,
captured by the British.
1845 Rear Admiral Asa Walker, TJ. S.
N.. born In Portsmouth, New Hamp
shire. 1871 Present Duke S6T Marlborough
born. ..
1894 Secretary Carlisle .railed for .
bids for a second .i.ue-e$S0,Q00,000 '
of bonds. - . .;
1900 United States Cruiser fosemfte
wrecked at Guam by typhoon, -