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EDITOMAb EVGE OP THE JOURNAL
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THE JOURNAL
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and
IhllHlaf mnrolnr, The Jf"'"' f
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tn, rifltt ai Yumhlll ttwti.iru
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tared ! !! pealuffli-e Portland. Of
TEI.EKUOMC WAIN UTS
All flrp.rtiiieiits rrartie1 hr ' "orshar
Jll tt to the ili'intiw"' f" want.
A t' ml lINU Hi: I KI-SKN TaTI VI?
A 1rrtlln Aiir
1 Kflh ntiulK. Nw
Ct.lc...
MM ir
BliMr-Ml,,i,
U tbt I'm d
On ranr
i . mull lf inr adilraaa
i i .u or klnli
' Mil.
ci - men la I .BO
I'M IV.
' i . merit h .38
MNMAY.
ni.f nil i ii i h I -S3
On Mr. .
'.
DA 1 1 I
IT
Koiu i
VrH-l ir
III ,:n.
nf k
"i (m rr.
A mini m: msiiop.
E
ASTKKN nkKiJON people who
an' a.M.''-u'H uf tho KplsiMjinl
rhtin h, and many besides.
(hem, v. Ill oxtfiid to Bishop
TadJock, the hishop of the n w dio
cese, a cordial nnd a civilized wel
como, notwithstanding the mlscon-
cpptlon of that rofion tlmt ho has
as fchown I y tome of his remarks,
jn his appointment, lie Is not to
' be yklclHod seriously, for his at-
tentlon seems not to have been oa
' peclally directed to that replon prior
to his appointment, and his Idea of
It Is a common one in the east, and
i Is frequently voiced by lending pa
l pers of New York, Boston, Philadel
phia and other eastera cities
though as the new bishop's father
waa a pioneer in church work In the
Pacific northwest, tho son's ignor--.
ance regarding his new field Is a
little Burprlsing;
Tht New York World said: "Sub
itlttitlng the dress of a cowpuncher
for that of a clergyman and using
' the aaddle of a broncho for a pul
pit, tho Rev. Dr. Robert I. Paddock,
.Who has won fame as an enemy of
Ice la the 'Red Light' dfctricts of
thla City, will go west in the near
future and tackle the touch old cat
tlemen and golddipgurs and Indians
of eastern Oregon, and try to plant
their reckless feet in the narrow
path." And the new bishop Is quot
ed bjr that paper as saying:
"l will be a Ekypilot out there,
riding around and preaching to
'ronsa men. It will bo totally dif
ferent ; from my experience here
My office irHl be in the saddle, for
1 will not have a fixed residence."
5 1 The papers of eastern Oregon have
teen good-naturedly laughing at the
new bishop's ignorance of that coun
try, which he evidently supposes Is
. the ultlmathule of scml-civlllzatlon,
end Inhabited by rude seml-barbar-,
Jans.: But he will booh learn bet
ter; that there are no more intelli
gent or cnltured people amon-g an
Terago lot in, the country than those
- of eartern Oregon; that Its cities
except in size, are the equal of
those In the east; that the "tough
old cattlemen" are frequently as
guare and polished as New York plu
tocrats, and a good deal brpader
zcinded. He will find farmers rld
Jng around In automobiles, mer
chants and bankers and professional
tnen with a better knowledge of the
, world and humanity than la pos
aesaed by a like number In an east
ern town; and in a word nearly all
the comforts and conveniences of
life to which he may haye been ac
customed, with a lot of pure llfe
glTlng 'bzone and sincere open-heart-ednesa
that he has been a stranger
to, thrown in.
Bishop Paddock has been doing a
,v good and for one of his cloth an un-
UEual work and he will doubtless do
a good work wherever he goes, lint
' If be thinks he is going to have hi:;
;.' . office in a saddle and miniaereh'.- My j
to aeml-savage Indians and rcarcc-i
:- ly more civilized cowboys, he will b:. j
' greatly disappointed. j
TUB FIGHT IX MILWAl KIE
P
EOPLE of tho little city of Ml!-
waukle will hold a meeting
this evening to organize a
good government league, and
to? nominate a ticket to be
1 Toted for on December 2 that
. Will stand for good govern
ment in general, and for the abol
. lshment of the Mllwaukle club, the
Jilagtie-apot of that pretty u. il his-
tone mue city, in particular. Since
the district attorney and the sheriff
' of Clackamas county will not per
'forro their duty and suppress this
criminal establishment, a large pro
it portion of the citizens of Milwaukie,
WO hope and believe a majority of
i them, will endeavor to elect a may-
or and council who will perform
l that duty and relieve their town of
the). odium now resting upon It.
t la an address to the people the
good government league not only as
serts : that the alleged improve
- jnentfl and benefits o accrue from
the existence of the gambling joint
- liare not been realized, but perti
nently iay:
. Consider" the gambling houBe as
It ; business ' proposition. Do you
5 tMnk It pan tob burdened with a
Slackened reputation ?
.v
Don't jrou
I'-Jt'-.-i:."
think Rood men will heaitate when
urRd to rrnldf? !n Mllwatikla or to
buy property hero for a home? And
tho slightest breath of hesitation
will kill a real estate trade nine
times out of ten. I'verv day of
operation of the namblhiK house
Mllwaukle has lost and l losing
Home of the elements mat go io
mnkfl up a good, ordinary American
community."
All this Is true, nnd more. Men
who, arid who families, ennnot af
ford to lose money are robbed, and
rendered unablo to pay their Mils
and perform the part of progressive,
public nplrlt"d citizens. YoutliB are
InnoculateJ wilh tho gambling
fever, and brought Info contact with
vicious and ruinous associations.
And the who!" community Is vitiated
with n contempt for law,, which
through 'ho connivance of public of-
Kials violated every dny.
No, It doesn't pay to maintain or
allow such an Institution as the Mil
wanKle club, from any point of Tiew,
nnd we shall be surprised If the good
peoplp of Milwatikle do not elect of-
fleers next month that will put
out of existence.
It
TlIOROl GHBRED STOCK.
THE Corvallls Times says: "Pen
ton county is going more and
A more Into fancy livestock. The
movement in that direction
has been going on for years. Many
familiar names of Benton farmers
are closely Identified with fancy
horses, fancy cattle, fancy sheep,
hogs and goats." Mentioning par
ticularly one firm .of two men, it
says "It has hitherto devoted Its en
ergies to breeding fancy horses.
First they handled Percherons, but
last year they added Belgian and
German Coach classes to their stalls.
Now, however, thoy Intend to de
vote their attention not only to
horses, but to several classes of
livestock. Thpy are gathering In the
best registered stuffs In Short Horn
cattle, ( otswold and Shropshire
sheep, and Poland China hogs, and
will push the Industry with the same
progressive spirit that has charac
terized their well-known attention to
1 orses."
What Is happening in this respect
In Benton county is taking place
;.lso to n rreater or loss extent in
Polk, Yamhill and other Willam
ette vhlky counties, and this move
ment la very commendable and en
couraging. There is no better state
for the raising of thoroughbred
stock of all kinds than Oregon. This
state Is said not to have Its equal
for breeding fine-wool 6heep, nnd
certainly no better horses or cattle
can be raised anywhere. Such stock
is profitable, though It takes capital
to make a start in raising It, and
we expect that within another decade
or two Oregon will become famous
throughout the country for Its super-excellent
livestock. Those who
are helping to give the stato this
reputation are Its benefactors.
WAI.MTS.
E
NGLISH and French walnuts
are another crop that Oregon
Is going to excel in and be
come famous for. The ell
moto and soil of the Willamette val
ley aro especially adapted to the cul
ture of these nuts, which once the
trees come to bearing, 8 or 10 years
j r.fter T.lanting, are very profitable.
1'nlike fruit trees, tho walnut trees
are not as yet subject to pests, they
j need scarcely any cultivation, and
they ure long-lived, will continu"
j bearing through several generations
j Many walnut orchards have already
I begun bearing, so that results nre
becoming pretty well known, and in
j all cases the trees show a return far
I beyond any other ordinary crop, and
their care costs literally nothing. So
I it may be expected that walnut
jotchnrds will Increase gradually;
i not very rapidly, because most farm-
era cannot afford to walt'60 long for
I returns from their land; but many
who can spare the income from a
few acres will plant walnut tres, as
sured of largo returns in due walnut
tree time. As the world's area in
which these nuts can bo successfully
cultivated seems to be limited, and
as elsewhere even more than here
landowners must keep their land
producing something salable every
year, there Is no probability of the
supply ever becoming sufficient to
depress the price below a very
profitable figure. Children of to
day, ere very old, cau probably ride
throughout thousands 'of acres of
walnut orchards in the beautiful
Willamette valley.
READ AXD REMEMBER.
T
HE following from President
Roosevelt's letter to Secretary
Cortelyou, replying to the sec
retary's proposal to "relieve
financial situation," is worth
the
republishing in this space, and
reading and remembering and acting
upon by every citizen. It would
hare been better if said earlier, but.
It la excellent counsel even now:
"What is moat noeded just now
that our citizens should realize' how
fundamentally sound business con
ditlons in this country are and how
absurd It is to permit themselves to
t;et into a panic and create strin
goncy by hoarding their savings in
stead of trusting porfoctly sound
banks. There is no particle of risk
Involved in letting business take Its
natural course and the people ran
help themselves and the country
most by putting Into nctlve circu
Intlon the money they are hoarding
"Crops nte good and business
conditions aro round, and we should
put the money wo have Into circu
lation at once to meet tho needsof
our abounding prosperity.
"There Is no analogy at all with
the way things wore In 1893. On
November 30 of that year there
nan in the treasury but $161,000,
000 In gold. On November 14 of
this year there was In the treasury
$1104,000,000 In gold. Ten years
ngo the circulation per capita was
$23.23. It Is now $33.23. The
steps that you now take, the ability
of the government to back them up,
nnd tho fact that not a particle of
risk is involved therein, give the
fullest guarantee of the sound con
dition. of our people and the sound
condition of our treasury.
"All that our people have to do
now Is to go ahead with their nor
mal business In a normal fashion,
nnd the whole difficulty disappears;
and this end will be achieved. If
a
each man will act as he normally
does act, and as the real conditions
of the country's business fully war
rant his now acting."
The matter of constructing a
high, expensive bridge, one that will
nllow all vessels to pass under It, to
replace the Madison street bridge.
Is one requiring extended nnd care
ful consideration. Would the ad-
vantage, mentioned more than offset night In a streetcar. ,,8he had probably
, , , , ,, been out with some man. And the man
lhe ntra cost, and, more especially, was married and didn't want to be seen
th-: heavier grades and greater dis- r!,llM wlfh n7; an'' 'h!l,,'a h .rpKHSO,"
" she was alone l.-i t n at hlght. hat busl-
tance that passengers over tho'nrvs had she going out at nttrht alone,
. , . . . , ! all dressed up In white? She didn't
uiiufiu.uum umeioirsvei: lime;
bfst Judges of the matter can reply
In tho affirmative, then let us have
the high bridge, and others at Mor
i ison and Burnslde streets when the
present bridges have to be replaced.
The net earnings of the Nofthern
Pacific railroad In tho state of
Washington alone during tho past
year were, almost $20,000,000,
which should put Mr. Hill and the
rest of the stockholders in good hu
mor for Thanksgiving. Hut It is tc
be observed that while Mr. llar-
riman, who is making millions out
of his roads in Oregon, Is spending
no more money than possible In this
state, Mr. Hill Is spending millions
In building a new line in Washing
ton, which, fortunately, will benefit
Oregon too.
On the 14th of this month there
was $904,000,000 of gold In the
Uted States treasury, says the
president. And business yelling for
gold. Hut of course the treasury
has to look out for the volume of
Its money In circulation based on
gold. Still, the government would
not collapse If it over-Issued a little
In an emergency.
Though It Is a bad tlmo to raise
money for charitable or philanthro
pic purposes, the Crlttenton Home
should not he neglected. Its need
ir. urgent, and the work Is worthy
of support. A few thousand dollars
to complete the new building is
i;i li d Immediately.
If Madame Anna Gould, nix Cas
tellano, marries another count worse
than Iiopi, let her look our lest she
have to take in washing in her old
i:kv. Brother George has had
trouble enough with the rest of the
family all but Helen.
"There Is always gold enough,"
snaps the Oregonlan. Meaning that
the quantity of gold ma'ies no dif
ference. This Is a worse "fallacy"
that that of free silver. There is
gold enough when there Is enough,
not otherwise.
If It comes to issuing clearing
house certificates on those 350,000,
000 cold-storage eggs, that have
been laid anywhere from six months
to six years, could people be blamed
for suspoctlng that the circulating
medium was tainted?
The use of bloodhounds as a part
of or anndjunct to the police de
partment is being discussed in a
number of cities. Even comiijon
breeds of dogs might help out in
some cities that wo have heard of.
0 There ia no water In the Panama
canal, nor a prospect of any for
years to come, but-jthe eanal bonds
are all right Just the same, aa long
as Uncle Sam-promlso redemption.
Womca Who Arc
Is
Br Carolyn Prescott.
Of all tli zcuara that hava bean
msiln fur woman knockara the beat.
believe, la the one that aaya they knock
becauae their mlnda are email ao email
that there la no room In them for high
er, better thoughts. , Oosalp la what
they know, and, therefore, goaalp ia all
they like, goaulp la all they know, Mnd
therefore, goaitlp ta all they do. (.Ion
aip la twin alater to knocking, though
not iulte ao vindictive In lta character
Old you evtir listen to a iuuul:ir h.un
murfcat when It yuan at lta hulght? ll l
a liberal education In It
natened time after time to theae aolreea;
In fact, 1 workud In tlm mlditt of one
rortwu yean once upon a time. Knock
era there were who would drtroy
wunmna character or kusmId nwuy her
reputation as blithely nnd uirlly a thev
would
uiscuaa a new gown or tiio
weather.
Thev did It br bub ueation. uulv un
beautiful MUftlclon, fur your knocker l
alwuya a coward at heart. He or alie
nover co.n.s out bravely with u critl
lam. Jt in accomnllahed by Insinuation
and underhanded methods. Oh. the rep-
uUtlona that have been nicked to idecea
ana ruined ry tm body of fair Knock
era: r,o, l will take It back. They were
not fair; they were frumpa, the moal of
mem.
If a girl had particularly pleasing
manners, whs pretty or attractive, they
knocked her, thinking their catty conversion-
regarding her would put a fin
ish to her miccoas. If one of their num
ner received a raise in salary, had a
stroke of good fortunj, came out In n
new dress or a new hat. they got tUelr
hammers out and the anvil chorus got
io work.
Tf one of the ulrla who didn't belong
to their circle met a man and walked
half a block with him. out came the mal
let. Nothing was too sacred for them
ir attack marriage, divorce, love, re
ligion everything waa fish that came
to their net. It illdn t matter what
only so that It waa something they
coma Knock.
fine pf the rlrls. n remilar beauty
who hnd been so carefully reared that
he had a mind above gossip, was their
particular target. This waa because she
was, as I liuve aald. carefully reared.
She was a beauty and a favorite with
everybody except this band of knockers.
l ney were Jealous, of course; Jealous or
her beauty, her Drettv clothes (which)
hv thn wsv wr mnHa nt hnm hv lior
mother). They were even Jealous of her
pretty eastern accent, and mocked her
in whispers when they were where they
could not be overheard.
one evening ihe went to visit a
frli nd In the suburbs and missed an
early train. Helnif obliged to wait for
later one, she telephoned her mother
to meet lier at the corner of the street.
happened that one of the members of
U hammer band was on the streetcar
that brought this young girl home.
What meat for the knorkers' club! This
oman, with tho all-Important secret.
could hardly live until noon the next
day; nhe was bursting with the news.
The trirl had been seen alone late at
tell anything about It thla morning
Somebody n-iKht to t' 11 her mother. It's
pi'i n;.i lous. that's what It Ms." '
These are mild compared to all that
waa Bald about this poor. .Jnno'ent
young clrl, and the story grew and
jxrew, like a snowball, until every one
In th big office had heard It In Its un
abridged f"rm.
This Is but one example, hut I could
tell scores of others that were brought
br-firo the committee of the whole at
tries" sessions of the knoekers Th
tmt i was stretched, conlci-tures were
mn). fiction was Juet'led with until It
beeame fact, all because these women
with limited brain capacity rould not
grasp greater Ideas
Are you one of theso women knock
ers1 The habit Is easy to acnulr and
grows alarmingly. If you find yourself
saving unkind things about people, stop
It a' once, before you Join that ever
la?t!nr throng. Nice people do not In
riuK'O In personalities; tliey leave these
fi.r servants and backyard peorle. Real
ly nice women are charitable, kind, gen
tle and ladylike. They arc never knock
ers. ISishop Stventman's Birthday.
lit. Hev. Arthur Swe.atman, D. P..
bishop of Toronto, was born In Lon
don, Kngland. November 19, 1834. and
received his early education from pri
vate tutors and at the University col
legiate school. Subsequently, lie en
tired Christ's college, Cambridge, anil
after being ordained to the ministry by
toe Hishop of London, became curate of
Holy Trinity church, Islington. He em
Igrated to Canada In 1865 to become
head-master of Hellmuth Hoys' college
at Ijondon. Ontario. He was appolntr-d
a canon of the London cathedral In 1876.
and later was named Archdeacon of
Hrant. In 1 R72 the nisliop of Huron
mado htm bis examining chaplain, and.
In tho same year, he was edected cler
ical secretary of the diocese and isecre
tary to the house of bishops. On the
death of Bishop Uethune he was eloct
ed to succeed him as third bishop of
Toronto, his consecration taking place
In Toronto, May 1, 1R79. He was a dele
gato to tho Lambeth conference In 1SS8
and again in 1897.
This Date in History.
ir.TR Sir Humphrey Ollbert'e flrat
exposition sailed to found a colony In
America.
1703 The "Man In the Iron Mask
died In tho Bastlle.
17D4- Jay's treaty between the United
States and Great Britain Plgned.
17'uJ French under Bonaparte de
foaled the Austrians at Areola.
1804 Alexander Meuton, Acadian gov.
ernor of Louisiana, born. Died Feb
ruarv 1 2. 1882.
1H63 -The National Soldiers' cemetery
at (iettyshurg deaicaien.
1.S71 The Grand Duke Alexis arrived
at New York.
1S74 British Immigrant ship Cospat-
rlck burned at sea, with loss of 473
lives
1883 Standard time adopted through
out Canada.
1 898 General Don Carlos Buell died
Born March 23, 1818.
Old Mr. Sunny.
Old Mr. Sunny wears the kind
Of clothes they wore long, long ago.
And when the days are fair you'll find
Him wnlklnjr with his head bent low.
He pauses every little while
To pat some inaliien'a rosy cheek.
Or win eh the boys nt piny, und smile
To Kee them run and hoar them
shriek.
Old Mr. Punny'a hair Is white,
lint often von may see htm ston
With fcomethlnjr of a child's delight.
io neip some noy to snin a toe
And often, leaning on bis cane.
lie seems to iiream there In the street.
Then blithely trudges on again
As If Ills visions had been sweet
Old Mr. Sunny's name will ne'er
Be borne by children of his own,
Becauso n maiden lies somewhere
Beneath a weather-beaten stone:
But where he p.isuus you may see
How every little lass and lad
As, "grandpa" hails him lovingly.
And if SHE knows she must !e glad.
S. E. Kisor in Chicago Record-Herald.
In Perspective.
Tha little griefs, the petty wounda.
The stabs ot dally care
"Crackling of thorns now cold, now
hard they are to bear!
But on the fire burns, clear and still;
The cankering sorrow riles;
The small wounds heal, the cleuds are
rent.
And through this shattered mortal tent
Shine down the eternal skies.
Plfiab. AlUiock: Craik,
LETTERS FROM THE PEOPLE
Gambling Responsible for the Crash.
Portland, Noy. If. To the Editor of
The Journal: The developments of the
paat few days l financial cenfera have
brought the country face to face once
more, with the problems of a buslneaa
or financial crisis.
It ia, or ahould be, far from the In
tention or desire of any citizen to five
expression to any -pcsHlmUtlc opinion
which would work la any degree, a lea
bunlng ot public confidence In the sta
bility of our legitimate bulna in
Ultutlona. There can be no doubt that
the Bound, conservative, legitimate busi
ness of our counuy, nol only of the
wist, but of the east, north and south,
will aurvlve this latest n hoc latin moiic-y
centers. The fallacy, however, of at
tempting to maintain that the west is
absolutely Independent of the ea.it, that
our crops aro large and prices high,
that th carrying capacity of our lull
rouda Is taxed tu Its utmost, that labor
la einpioyej and that we are therefore
not to lie! thu duprehaion in lhe cast,
baa ul ready bueii shown. The buulues
Interests of the United State are so
Intertwined nnd ao Interdependent, that
such tremendous upheavals as thuso of
thla November in certain sections, can
not occur without havlna their deterring
effect upon the balance of the country.
it is true that the country Is more
prosperous, more wealth producing thnn
It has over been, and yet In the very
midst of our prosperity wo are checked,
wo ate embarrassed, we are brought up
standing to a realization that somcthlhfi
la wrong ror which the country and lta
resources evidently Is not responsible.
Who la and what ia resnonslblu? There
can be no question but that the X-rays
of Theodore Koosvelt's fearlessness and
honesty. the disclosures made by
Thomas W. Lawson und the historic re
search of Ida M. Tarbell, have done
much to educate the American people to
a realization of the real seat of the be
setting evil of ttielr business world. It
Is not an Insufficient circulating me
dium that Is tho gorm of our business
disease. Gambling and dishonest gam
bling at that: the desire for the sudden
acquisition of great wealth by processes
not involving an eauivab nt in latinr or
actual productive enterprise. These are
ine germs.
The farmer who sows and reaps our
grains and supplies the essentials of
life, the laborer In the factories. In
mines, mills, factories, on railroads and
In th forest and field, the producers of
the world, those who earn a legitimate
living nnd a modest competence, these
men and women are not now and never
have been the cause, directly or Indi
rectly, of financial crises. The circulat
ing medium of the country la sufficient
for their needs. Indeed that medium ajid
Its constant normal Increase Is and can
be made to be sufficient to meet the
demands of all legitimate business for
all time to come. It Is the Illegitimate
demand, the abnormal demand that can
not be met and that dem.-id never can
be met. So long as "frenfcled finance"
s allowed to control the bulk of the
money of the country, Just s- long will
we continue to have a recurrence of
thes earthquakes In the money world.
What is trie limit to which the "un
bridled audacity" of those who toll not
and spin not Is to go? If. for example,
l ho manipulators in stocks and ficti
tious values Illegitimately Inflate thoso
aloes In this year, by the sum oT
l.OOn.001.000 and so Increase the burden
resting upon the circulating or liquidat
ing medium, over and above the re
quirements of actual, honest business,
by that amount, why may they not in
ueceeaing years, increase tnat nuraen
by tens of billions, and why may they
not so continue, until no circulating me
dium can keep pace with the pace-
makors? No conservative man can keep
up with the wild flight of the gambler
and no government can furulah enough
money ror his operations, unless tho
sands of the sea be coined, or used asotnPr negotlable Instrument's where de-
the basis of value. Sanity of living.
sanity of desire, "to bo content with
small things,'' to earn a modest compe
tence, to live for the Joy of living and
not for the lust of acquiring are some
or the lessons the American people and
the world must learn, before the stabil
ity and Integrity of business and flnan
c lal Institutions ran be realized.
This Idea of conservatism, of honest
productiveness and honest living, can
not be legislated Into existence. Any
purely financial laws passed by special
or regular session of congress, can give
nut temporary relief. lt is only tnc
slow process of education that can bring
about this sanity, truthfulness and earn
estness of living. We cannot legislate
It Into existence, but we ran to some
extent at least, curb the spirit of gam
bling, by destroying some of the gam
bling machinery. If tho get-rlch-qulck
Idea. If gambling and dishonesty are
admittedly an evil then it must be ev
ident that one of the greatest ntenaces
to the weirare of this country s moraj,
social and business life, Is the existence
of the stock exchange and kindred in
stitutions. It 1b the machinery of the
stock exchange that makes possible the
combinations and operations that have
almost Invariably been the excuse of
our financial crises. In our municipal
ities and states, we abolish gambling
halls and gambling devices, because
thoy breed diseased minds and crime und
because they divert rnonoy from legiti
mate channels. The stock exchanges
should come under the same ban. They
nre not essential to actual business in
any sense. Their operations are so ex
tensive that they demand the existence
In New York and Chicago alone, of the
bulk of ttie actual circulating money of
tha country. Their operations are ho
Insidious and so plannod. that they gov
ern the valuo of our stocks and securi
ties, industrial and otherwise, by their
manipulations therein. Investors In le
gitimate stocks have a right to demand
that tho valuo of those stocks snail be J
governed by tho earning capacity of the
properties which those stocks represent
and not by the question as to who
shall control the majority of the stock
In any corporation, not by the demand
for t!ie stock on any 'change. Watered
sotck will disappear to a great degree
when tho earning capacity of stock
alone controls its valuo, because stocks
will then be bought as investments and
not as speculations and In order to make
corporate stocks attractive as invest
ments, the capitalization will be kept
low In order to make the dividends pro
portionately high, and capitalizations
will be Increased, only as earning capac
ities, or the possibility of earning ca
pacities, Increase to the point where re
turns will warrant the issuance of more
stock. -
Should the manipulations of operators
on 'change be allowed to depreciate or
destroy tho value of our railroad stocks,
to close our mines, to raise or lower the
value of any stock or product at their
will, regardless of the earning power of
those roads, or of the legitimate busi
ness demand for tho output of those
mines, or for other products? Must the
monev of all the banks of the country
and of the government Itself, be called
unon time srter time to come to tne re
lief of stricken stockbrokers, gamblers?
Theodore Koosevelt has struck the key
note of our recurring financial crises and
of our Industrial and social Instability.
Dishonest business the get-rich-quick
idea are the fundamental evils; the
machinery that spreads that evil 1b
found in the stock exchange. Close
these hives of the drones of society and
throw tho machinery into the streets.
If If be true that some good purposes
are served by the stock exchange, as,
for Instance, as advertising mediums
through which thn earning capacities of
stocks and securities may bo realised
upon -or sold by legitimate holders to
legitimate Investors, these same pur
poses can he retained, or can be served
by other devises, which tho brains of
honest men can readily conceive. Let
the stockbroker and gambler leave the
ticker and come tor tho fields of the
west, the forest and mines of the Pa
cific coast and of Alaska. Let these
consumers of money become producers.
Let the banks of the west promote the
Industries of the west. The financial
game has divorced Itself In too great
measure from actual, constructive busi
ness and has wedded the goddess of
change.
TMLgreat issue hefore the people is
not Republicanism or Democracy, pro-
lantlnn f' fr trail hlmiitallam
r.lono-metallsm. The real Issue is bual
nrii nunesiyi I nmraorn tiuonweu imn
in large nieaaure made the issue nimneir
and one of the greatest aervlcea which
he can render to his country, la the
promotion of the abolition er at least
tha radical reformation of the atock ex
changes, aa one of the remedies ror tn
evils he baa himself disclosed.
WAHTIN WATBOITS.
Holidays and the Courts.
Hlllsboro, Or., Nov. 17 To the Editor
of The JournalThe question, "What
buslneaa may legally be transacted on
a holiday?" and, the many diverging
answers that have been published have
rendered the situation bewildering In
,i. I. ., tu me that under
wiv . ........ -
the Oregon auituiea irausucuuna moi
are purely ministerial may be performed,
i.ih.r with pertain ludlc lal acts
-
which are enumerated, the only aim
culty arising from an attempt to decide
..... ..., . ministerial and
..!. ... . V '-'J
what are Judicial-
The courts agree that what Is not pro
hibited Is lawful and all transactions
not within the statutory prohibitions
may be carried on aa on any omer uay
,- . . . . v A that
courts Shall not be opened nor any Ju
dlclal business transacted on u boll
dav. except such as Is specified. Minis
terlat acts are noi proninnea ana nre
IhnrAfnra lawful Contracts may hfl
entered into, uveus, niungaacn, i ,
. . . , . . . in... I
notes ana omer lusirumrnie "i "
character may be executed a. these
trnnanctlona ar Duroly nilulfltf rial. No
... . , . , - . - . .
UNO WUI liailll IUB( a vl I IV vi ix,"iw
III II1IIIK llllll I VtUllllllI IIIBilUIIIomn iv-
quired tobe recorded by the recording
acts, performa a Judicial function; his
acts In this capacity are ministerial nnd
therefore lawful. Tha flllna' of an ac
tion, In my Judgment, during the holj-
days is lawful. It la not a Judicial net.
An eminent-Jurist of this state, whose
dectslnna carry great weight, has been
"I do not think any actions can be
filed during tho holidays, because. If this
were lerallv nosslble. there would be
no need of the holidays. The chief ob
ject of the holidays la to prevent the
payment of debts. If debts can bo col
lected there Is nothing for which to de
clare a holiday. If you aay It is min
isterial to swear out an attachment, and
to levy It, you defeat the prime, pur
pose of the holidays.
The county cierg nas no rignt to open
his office at all." for It Is not In his dis
cretion to stand and say that this In
strument la ministerial and that this
other one Is Judicial. I do not dispute
that a Judge may bear arguments dur-
Inr th. hnlMnvn and decide unon them
after the holidays, but the filing; qurs-
tlon Is the gist of the whole matter, game with the depositors of the Title
Between the receiver of papers, the la- Guarantee A Trust company. A more
suing of the writ of attachment and the exciting pam might he one between the
seizing of grtods there Is no middle depositors and the bank officers and em
ground. None of these acts can legally Ployes.
The argument "If vou say lt Is minis- A1The Astoria Budget tella of a hark
terial to swear out an attachment, and . 1m "p vl9,", 'n0Bh to the light
to levy it. vou defeat the prime purpose "n,P V? through a megaphone thst
of the holiday," Is met by the sugges- 'w0..f J1" men, ,w.er8 "aabled and It
tlon that actions and suits can only be t"?..rl,',ht ,nway to bring t he-
commenced and maintained on accrued H "Z?C.L JO DnnK
claim.. True, the chief object of theM'" "fttln
holidays is to prevent the. payment ot
ciiii. io riroirci our uniiKi liuin hid
enforced payment of their obllgatlona.
Banks are amply protected. Checks,
drafts and the like are payable on de
mand. They do not mature until de
mand, and under the law when the day
of maturity falls on a legal holiday the
Instrument Is payable on the next suc
ceeding business day. Actions can be
maintained only on claims that matured
prior to the holidays. Banks can re
fuse payment or an cnecks, ararts ana
mand Is made and the Instruments ma
ture during tho holidays, without beinv
subjected to vexatious litigation, and
thus It will he seen that by the filing
of actions the prime purpose of tho holi
days Is not defeated. The supreme
court of the state of Nebraska, in hold
ing that the statute prohibiting Judi
cial business on a legal holiday does not
i imi j ui i i iiw loouout.rj tin tx icftrti jiui 1UH y
ni.f d,.e aald- "llaL"",lnl lcul
' ! .i i V. h..rvt n,.t .h. .h.-
tlon of the statute, so far as the trnns-
AAtlnn rtf hii.lnAD. nn hnlllai'. 1m f t
cerned. relates to acts which In their
nature are purely Judicial, and does not '"rown "PJ?n Agate beach last Thurs
appiy to such as are merely ministerial. ,"nfl laay. says the ort Orford
'Th. I.n,in7. nf tha .Mlln I. nll. iriOUnP.
and unambiguous, nnd should not be ex
tended by Judicial interpretation be-
J-ond the plain Import of the words used,
lad the legislature Intendod to debar
courts, or court officers, from perform
ing ministerial acts upon holidays,
words suitable to express such an In
tention would have been employed. If
the transaction of nil legal business was
forbidden on such days, as is the case
In some states, we would grant that the
order In question would bo void; but
the statute falls to so provide. It is
the opening of courts and the transac
tion of Judicial business on legal holi
days which the law forbids. This In
tent Is clearly manifest. Wo seurch In
vain for any words which Indicate a
different purpose. The issuance or serv
ice of legal process, such as a summons,
execution or writ of attachment. Is
merely a ministerial act, and therefore
is not within the Inhibition of tho sec
tion of the statute, and Is valid al
though done on n legal holiday."
The courts of Now Jersey, Wisconsin
and Michigan have likewise held that a
summons may be Issued and served on a
logal holiday, as has also tha Oregon
court, yet our supreme court has Indi
cated that the service of a process,
whatever might be held to be such, will
be set aside as Irregular If served On a
holiday. However, the law Is clear,
that whatever Is not prohibited remains
lawful to bo done. Only judicial trans
actions are prohibited.
II. T. BAOLET.
Where the Sun Goes Down.
Wall street has got th' Jlmjams an'
Is writhin' now in pain.
But, glory be, we of th' west has got
our hogs an' grain!
We re feelln' purty bully, an' we 'ain't
cot nary fear
It may be dark !n Wall stret, but out
west th' sky ia clear.
Their stocks are full o' water, but our
stock ia run o nay;
An' while Wall street's feelln' fearful
we are feelln' blytho an' gay.
We are gettln' bigger daily stand
aside an give us room!
Way out west th' sun is shlnln' even
If Wall street's In gloom!
We won't feel a single tremor if all
frenzied finance stops,
For we're far above their panic on a
mountain top o' crops.
Hogs an' steers are growln' fatter
an' our bins are full o' wheat.
An' It tickles us amazln' as we watch
the frantic "street."
Got a cellar full o' taters! Molly, put
th' kittle on!
Smokehouse, full o' hams an' bacon;
rears o panic aeaa an gone.
Wall street full o' fear an' tremble,
but our fears are set at rest
By th' bumper crops we gathered In
the fair an' boundless west.
Glory, Halleluja, brother! We've no
fear of reefs an' rocks;
Got th' crops all safely garnered don't
depend ion watered stocks.
Join the chorus, everybody; got enough
for all our needs.
An' we laugh 'cause Wall street got
it right where Cora, wore her beads.
Will M. Maupin la the Commoner.
Decidedly Realistic.
From the Phi lade. phia Record'.
WMggs Scribbler's new novel Is -very
realistic, don't you think so?
Waggs Yes, Indeed. When I came to
a six-page description or a yawning
onaam it aorually put me to aleea-
Small Cliang
Only lawyers and doctors make it paj
to give advice.
or I ' e e
- Some scrip In one's purse is a food
i ueni uriirr man noining.
II 1 k.ll.. M.AM I .... I
io oe gnown or tueir rrults.
duence is sometimes mistaken roi
wlsJom, but often It la wisdom.
On the flnrtnclnl situation, thn nretl.
dent Is eminently sane nnd safe.
nut there are worse plaoes: eggs are
0 onts a. dozen In Hsu Francisco.
The golden wheat Is good to eat.
And for security it can't be beat.
' , ,'; -" "7.7" rl'"rn
i Munic Li-ioniiiit-i vi imvina; Diicrones
lUck east peoplo nre beginning to look
"I" " "meroni in
i orrnun.
The president will also reluctantly
,- an0,h"r b- M"d ta
I ling,
If Mr. HocVefeller would hand over
that 129.400 000 fine, It would help a
little Just now.
I vainutMiia r rt f tj
If Oklahoma were to Issue coins It
- V'" "'0ll Ur n'Um
The time of year approaches when.
tne r,ov rernarKmI lt et. liU
I ...I.. t- i "w'f
- mj ntmyi c-nijjr mm.
t. .. .
L, "Va SK"
(Mllhu ,. ' " 1119 mora
I n " u 1 c no 1 1 u if, aaaa O, I U I ff .
. ...
' V.'n,,..q .Ji tt.J to .V)!r:!onA
" ftl ""I 30,000,000
101,1 ornge eggs In ( hlcago.
Think of the vast riches of those.
aouinern Oregon men who have both
fine orchards and flocka of fat tur-
aeja.
. J,ohr' On. tes returned to New Tork
L' v-' t,low "'"" millions he
.""' ght over to bet with It Is not
known.
"No finances trouble here; business
all right: everybody prosperous and no
body wbrrled." Is the substance of re
ports In the papers of most towns In
Oregon.
A hen was found In a California bank
vnult. where she had been locked up
over night. Hut not having laid an
egg yet, the bark was not relieved of Its
atrlngent y.
The Condon Tlmea understands that
I the denoaltora est th. nmnn T-n. a.
Saving hank are to play a football
.. .hl " 'V.', " .Li
Some shin masters have lh
impression that tiura are for tiae nnlv
In clear, calm weather.
Oregon Sidelights
Farmers around La Grande hold hay
at 118 or 119 a ton.
Freewater has no marshal or police-
mftn- nd "ee"8 nor,e
Business prospering at Athena, with
no signs of any panic.
a a
A Gilliam county man sold 100 2-year-old
owes for IS a head.
a
Eugene merchants are selling an un-
usual amount of woodchopplng tools.
Very fine apples aro also raised up on
Mackenzie river, nut people iack trans
.. Agates by the tens of thousands were
Coyote pelts and not cashier checks
nre being used by the First bank of
rilot Hock, says the Record. They are
worth $1.60 each.
a
Grading on the new Corvallis Alsea
River railway has been going on quite
rapidly of late and 13 miles of the line
are now completed.
a
Twclvt houses fire In progress of con
struction, while one stole and two plan
ing mills are eltlior building or prepar
ing to build, says the Wallowa News.
a a
Ripe raspberries, half-ripe ones, green
berries, r w blossoms, green leavfs and
muiti-coiored leaves oi autumn, all on
one twl". are what an Ashland woman
picked last week.
a
More people are coming to Browns
ville and vicinity to make a permanent
home than ever before. Ono hardly
realizes t' e substantial growth that our
population is receiving, says the Times.
a
Tho slowest kind of an ox team would
be swift over the present mall service,
says the Springfield News. Fugene Is
but three miles and Junction 14. vet to
get an answer from a letter to either
place lt takes 33 hours.
a a
A Klamath man, hauling noles. walked
while driving his' team, and when at
tempting to change the lines to the
other hand tho wagon slid down and
caught his arm between the poles and a
tree, where lt was firmly held until the
tree whs cut down. His arm was broken
In three places..
a a
A Lnne county man who came to Eu
gene to attend his brother's funeral dis
appeared, and was found later covered
with blood nnd his clothes badly torn.
He said that he had Jumped Into the
river with the intention or committing
suicide, but tho water was so cold that
he changed his mind. It was shallow,
and he easily waded out.
a
Medford. nnd southern Oregon hava
been getting the worst of It in freight
rates for many years, but not content
with the big charges it has been mak
ing the railroad company recently gave
tne rates anotnor lump upward untfl
now they are practically out of sight
and there Is a discrimination that ought
to be. if It Is not. within the province
of the railroad commission, says the
Mail, which cites Beveral Instances to
prove the truth of Its assertion.
Taft.
Mlghtly of beam and stretching, fore
and aft,
From here to yonder; and, though -
lithe of Joint,
Taking some time to pass a given
point.
Behold that trim leviathan. Bill Taft.
The Lusitania of the statesman craft.
By spendthrift nature weightily en
dowed To stamp out treason and to sit on
graft;
He's not one patriot, but a morgered
crowd,
Both earth and ocean far his flag he's
plowed;
His shoulders lift, a mountain range of
care. '
. Well may his friends proclaim, In ac
cents loud.
That he could fill the presidential chair.
He could and more; for him 'twould
be but sport
To fill the presidential davenport.
-George Fitch la Collier-. Weekly.
, - .i
I,. ('
'V i