(2-1
The Dalles Daily Chronicle.
Published Daily, Sunday Excepted.
THE CHRONICLE PUBLISHING CO.
Corner Secoud and' "Washington 8treets,
Dalle, Oregon.
The
Terms of Subscription.
Per Year : '- 22
Per month, by carrier oj
Single copy
STATE OFFICIALS
i
Oovernoi.:. S. Feimoyer
Secretary of State G. W. McHride
Treasurer. rmiiip weuwuan
8upt. of Public Instruction . .
.E. B. McElroy
euutors
CmtgreHarann
SUite Printer
JJ. N. Dolph
" J. H. Mitchell
. 1. Hermann
Frank Baker
, COUNTY OFFICIALS. .
County Judge. ?.C. N. Thornbory
Sheriff. ....D.L. Catea
Clerk J. B. Croaaen
Treasurer Geo. RucU
. . H' A; Leavens
Commissi oners. Frank Kincaid
lAnsessor John E. BHrnett
Surveyor E. F. Sharp
Superintendent of Publio Schoola. . .Troy Shelley
Coroner, , William Michell
,, The Chronicle is the Only Paper in
The Dalles that Receives the Associated
Press Dispatches.
- In Sherman couuty folks claim that a
Tailroak from this city, that would have
its eastern terminus at Celilo,. would be
of little benefit to them, and their claim
is based on these grounds: Between
any shipping point in Sherman county
and Celilo tiere is the Hell Gate narT
rows, a place in the Columbia, on the
Washington side, opposite the mouth of
Deschutes, where the river narrows to
about 80 feet between banks. Here the
current is so swift that barges cannot be
brought up the river without the help of
steam. They conld freight their grain
down, well enough, but to get their
barges back would involve the expense
of a steamboat, and they are of opinion
that this cost and the cost of handling
the grain twice, before it is in a position
to ship west, would involve so much ex
pense that it would be cheaper to ship
Tjy the Northern Pacific to the Sound, if
they could not make terms with the
Union Pacific.
OUGHT TO BE CONNECTED.
The people of Sherman county are in
tensely interested in the question of
railroad connection with this city and
they ought to have it. Our interests
point that way as well as theirs. They
are raising a subsidy which they will
give to any person or'corapany that will
give them a ten mile narrow gauge road
from Wasco to the river; but they, want
the river terminus of that road .to be
connected with a road leading to this
city. A portage terminus on this side
the river, at. Celilo, would require so
many extra handlings of . their grain and
so much consequent additional cost that
they do not look up on it as of much ad
vantage to them. , A county that pro
duces a million bushels of grain and
could possibly produce . twice that
amount, with proper facilities for ship
ment to the river, is not to be despised
when an appeal is made for railroad con
nection. A road from the river to some
in'erior or southern point in the county
they will have, for they mean to have it
and are willing to put up a liberal
subsidy. A road with a terunnuB at
Grass Valley or Moro or even Wasco
-would undoubtedly attract a great deal
of the heavy freights that now come to
this city by Sherar's bridge.' The shorter
distance and cheaper freight and absence
of toll would make the chance. .When
such a change is made The Dalles may
not lose all of this trade but it will un
doubtedly lone a great deal of it, that is,
if theie is not railroad- connection with
Sherman county ; and The Dalles cannot
. afford to lose any trade. Every interest
of this city as well as of Sherman county
demands that if a portage road is to be
built at all on this side the river, as we
are confident it will be in the near
future, its eastern terminus should be
some good . shipping point above the
'mouth of the Deschutes-. .
THOSE TWO PER CENT. BONDS.
The dispatches inform us that the
national banks, whose circulation is
based on the 4g per cent, bonds that
the government is now calling in, are
responding readily to the proposal of
Secretary Foster to substitute their
. bonds for others bearing two per cent,
interest, and it is thought to be an ex-
cellent evidence of the credit of the na-
tion that the banks are willing to accept
two per cent, bonds as a . basis for their
circulation, instead of demanding a
higher rate of interest. ' The truth is,
strange as it may appear, that there is
more profit to the banker,, who can loan
his circulation at ten per cent., in hav
ing, as- the basis of that circulation,
bonds that yield two per cent, interest,
than there is in bonds that yield four.
The difference amounts to only $300 in a
circulation based on- $100,000 worth of
bonds, but there is this difference. - In
the case of the two. per cent, bonds there
is nothing gained or lost. In the case of
four per cent, bonds there is a loss, as
we have said of $300. In the case of the
latter there is a premium of 17 or 18
cents on the dollar, while the - two per
cent, bonds' are purchased at par. It is
the premium; alone,' which the banker
has to pay, when he buys his bonds, as
-he must; in open market, that wipes out
the'extra two per cent. The following
-tables, carefully studied should make
this matter perfectly clear to any intelli
gent reader. They are taken from the
circular of Harvey Fisk & Sons, dealers
in United States bonds, and are in
tended solely for tie guidance of Ra
tional banks in the purchase of bonds aa
a basis of circulation- Thpy are intended
i ill ea,ch case to apply to districts where
jmoney can be loaned at 10. per cent.;
$100,000 4m would yield Ier annum
4,000
90,000 circulation, loaned at 10 per cent.
would yield per annum
9,000
Totat yield of bonds and circulation
IesH tax 1 per cent. I
" sinking fund to retire prem
$13,000
900
ium to be improved at 10 per
cent
Leas coat of printing etc.
500
100
1,500
Income with circulation.!'.... tll,S00
" without circulation 11,800
(By loaning cost of bondx $11,800 at 10 per
cent.). '
Oecreae of income with circulation,...' -300
$100,000 2s would yield per annum $ 2,000
$110,000 circulation, loaned at 10 per cent.
would yield per annum ,miu
Total yield of bonds and circulations.... $11,000
Less tax, 1 per cent. $ . 900
. " cost of printing etc - 100 1,000
Income with circulation
wituout circulation
(Value of bonds $100,000 loaned at 10 per
$10,000
10,000
cent.) , . . ,, . . . , --;
We may add, as a matter of fairness,
that where the rate of interest is less
than eight per cent, a profit of a few
hundred dollars per annum would
accrue, but where the interest is ten per
cent, or higher there is a loss of about a
similar amount. These tables, as we
said yesterday, completely answer the
charges that are being made in certain
quarters, by men who are wholly ignor
ant of the facts, that , national, banks
make a double profit on their capital,
first on the. bonds to secure, circulation
and then on the circulation itself. That
there was a profit in former years we
frankly admit, that any is made now,
except a trifle where the rate of interest
is low, we deny and challenge contradic
tion. , . ..
. As a further and final proof of this we
call attention to the fact, that national
banks invariably hold only the. amount
of bonds required by. law. Tne two
national banks in this city have each a
capital stock of $50,000 but they have
each only the fourth of .their, capital,
$12,500, invested in bonds to secure cir
culation. ' The . first national bank of
Chicago has a capital of $3,000,000 yet it
has only a deposit of $50,000, the sum
required by law, and so it is, we be
lieve, with every bank .in the United
States. If there is money in it double
interest, as it is said why do they not
put all their capital in bonds?
A Ktranarer's Opinion.
Mr. Ingalls, who is visiting this sec-
tion for the purpose of writing it lip for
the Mining and, Scientific Journal, of San(
Francisco, the Pacific -Rural Press and
two eastern papers, has just returned
from an extended trip in Klickitat
count', Washington, -and our reporter
gathered from him some items of inter
est to all who have regard for the future
welfare of our city.
Mr. Ingalls visited many of the large
grain fields of the Klickitat valley, which
valley covers an area fifteen . miles in
width by fifty miles in length. The
farmers were in the midst of their har
vest, quite a number, were .through.
The crop this year is a good one and the
opinion expressed by many farmers was
the crop of wheat would be larger than
usual, averaging twenty-five bushels per
acre. The oat crop is heavier than for
many years. Corn is about an average
crop. There, will be quite a supply of,
Irish potatoes-and these of good size
Of timothy and alfalfa hay there will be
a large yield.
At Goldendale the merchants are very
hopeful ' for a . fall trade, provided the
promised rates for transportation on the
river are realized. All classes feel the
importance of the early completion of a
railroad connecting The Dalles with
Goldendale. and an extension of the same
into the fine timber bell which extends
for fifty miles north of their town.
The. character of most of the lumber
of this section is of a superior quality of
pine, free from sap and resin, and spec-'
ially adapted for the manufacture of
sash, doors, blinds and interior wood
work. It being so much lighter than
the pine in other sections is better suited
for fruit boxes and in fact this pine is
peculiar to this section of the northwest.
Mr. Ingalls bi ought a sample with him
and left it at this office. The planing
mill at Goldendale is now engaged in
filling a very large order for fruit boxes
for California- and a large and steady
business may be expected in this lum
ber as soon as the transportation ques
tion is settled. Most all this 'business
of Erain and lumber can be made tribu
tary to this point, provided the busi
ness men and capitalists of The Dalles
will do their' part in securing the early
completion of the portage railway and a
free ferry or bridge across the Columbia.
The improvement of the wagon road a
few miles from the river opposite The
Dalles ought to enlist the eary attention
of the merchants of this city who profit
by trade that now comes to the city over
that road. ...
' The general sentiment expressed: by
lumbermen, farmers and others of Klick
itat valley was that The Dalles business
men were not disposed to help them as
they might in way of better communica
tion 'with their' city, although always
quite ready to profit ' by the fruits, of
their labor. If this condition of affairs
is not soon changed the people of Klick
itat county., feel they ; will have to. look
for relief elsewhere and for more direct
transportation to Portland , or Tacoma
than by The Dalles or the Columbia
river. 4
BRIKF STATE TiKIVS.
Over 100 men are now employed at
the Myrtle creek mines, And abut -fifty
more will be sent out in s3 day or" twev
Work on the big ditch is -.being pushed
rapidly, and will be " completed about
October 1st.
Milton taxpayers. jarQ; considering he
advisability of holding a epeciah election
to vote on the question pi bondingthe;
city in the sum xf $10,000, to.. "be used .in
extending the water works,1 thus afford
ing better protection against fire.
- Farmers from many- sections report
wild oats more abundant in their grain
.field this yearj than common. Some
think that on account of the dry season
many laid in the ground all' summer last
year and then came out full force this
spring.
Mr. Thomas, a Linn county farmer,
was thrown from his wagon by his team
running away, and the lines becoming
twisted about his legs he was dragged
over a hundred feet, but was then fortu
nately untangled and - escaped what
seemed almost certain death.. ... ,
j,Pn Wednesday, as the tug Katie Cook
was, approaching the schooner Del Norte,
off the bar, for the purpose of towing
her in, says the Gold Beach Gazette, En
gineer Cornelius reached through the
eccentric after the oil can, the result of
which was that his arm was very badly
broken below the elbow.
Charles . Becker, of Vale Malheur
county, was put off the train near Baker
City, because he insisted he had given
his ticket to the conductor, and the
latter said he had uot. Becker after
wards found the ticket in his : pocket.
Notwithstanding -this fact, be ..has
brought suit against the railroad com
pany for $20,000 damage. .
The escaped trusty convict, Edward
Whitlock, who got away from the state
penetentiary Tuesday night, has not
been recaptured. He was ' last seen
down below Kaiser's bottom, on the
river. . He had exchanged his stripes
for a suit of citizens' . clothing and was
making for a brush patch. The officers
were close on his trail when he struck
the brush and they entertained hopes of
catcning mm. . ... , ,
Amanda M. Wait, nee Guthrie, brings
suit at Eugene for a divorce from her
husband, JohnH. Wait, road master on
that division of, the Southern Pacific
They were married in Portland May -4,
1889. 8ince the first of January of . the
present year, plaintiff alleges, defendant
has been cruel and inhuman to her and
at divers times has - cursed and abused
her ..shamefully. - Also that defendant
I forbids her to visit back and forth with
I her neighbors aud otherwise renders
her life a burden.
THINGS WORTH KNOWING.
It is reported by very good authority
that there will be parties from Cleveland
Ohio, with $75,000 to purchase wheat
and build storerooms along the Klicki
tat side of the Columbia river -where
they will receive wheat and transport it
over 'tne portage road. (Joldendale
Courier. .
The operator and owner of the portage
railroad. will be In The Dalles the last of
this week to confer with Sherman'
county in regard to building a road up
Spanish Hollow to, Wasco. They, pro
pose to build a bridge across the Colum
bia river below Columbus and connect
that vast belt with Klickitat.. A project
of this kind would be of great benefit to
Sherman as it would open their country
to a good lumber country.' Klickitat is
noted for lumber and wheat. Golden
dale Courier. (
Hold your grain against all liars,
swindlers and thieves, if you possibly
can. The grain crops in several parts of
the world are poor ones this yearf but
the crop liars are thicker than hop-lice
The lazy, loafing "middlemen,", who
never toil, and. who spin nothing but
falsehoods, will, try hard to rob. you of
the harvest this year. . What good pur
pose God made "middlemen" and bed
bugs for we are unable to say, but hold
your . grain ! Linkville Star, -edited by
"Peter the Poet," formerly of the Long
Creek Eagle.
The future history of the civil war will
be a singular chronicle. Even now
people who ought to know area little
hazy as to facts.. . .The editor of the Rich
mond, Va.,. Dispatch, in a long article
about the unveiling of Stonewall Jack
son's statue, says : ."Abraham Lincoln
committed a grievous blunder when he
began the war by firing upon Fort
Sumpter." Shades of Major Anderson !
What sacrilege of history this is I Next
we will be told that- Johnston captured
Sherman's army at Goldsboro, N. C.
Astoriun.
The Toledo Blade says not a week rolls
around that a new political , society does
not come to the front. The latest is an
associaiion of farmers in Central Ten
nessee, with the title of -"The Farmers'
Reliance." . This is the platform which
possesses the merit of brevity i Work
hard ten . hours in the day work' 300
daysin the year; never goto town, with
out carrying something to sell, and do
not buy anything without paying for it.
The Blade further says: We- submit it
to those farmers - of the west who-seem
to think a printing press can turn out
the money that we need, and therefore
it is superfluous to work.
An Editor's Great Mistake.
The wife of Alfred Cross, living on the
Bush tract, presented that young man
with a second son last Friday, the 24th.
We believe if anybody has a real sweet
little girl - about a week old they want
to trade for a boy, they can strike a good
trade with Alfred..;
The above is from the Anderson Enter
prise and shows the ignorance of editor
street, in the maternal ahecuons of a
mother for her own offspring. If editor
Street had been ' swapped off for a trtrl
baby whenhe was a week, old, where
would the Anderson Enterprise be today?
TWENTT-FITE CVNTEI."
A Chinaman Who Wanted a Four-bit
Meal for Fifteen Cent.
b Last night as the B-.45 train was about
to leave, a crowd was attracted to the of
fice of the Columbia hotel by. loud talk
ing, aIvj;o find a Chinaman; who was
passenger, on the train, arguing with
Mr, .Nichols about the price otitis sup
per,.clainung he had been overcharged
and wanted his "changee." After much
loud talk nad been indulged in bv the
moon-eyed celestial, Mr. Nichols sud
denly. came to the conclusion, that ..there
are times, when forbearance ceases to be
a virtue, and. thereupon- ejected , the . .rice
eater from the office, amid the shouts
and laughter of) the gathered , crowd.
Onr.almon-eyed friend , .finding himself
safe, on - the railroad .track amused the
assemblage until the train pulled ont by
expounding to the fullest extent, his
knowledge of the English language,
which consisted of just two words, viz. :
Twlentee-five centee."
Lost, a diamond scarf pin the above
reward will be paid by returning to C.
E. Haight. -
- Money to -IiOan,-- -$100
to $500 to loan on short time.
Batakd & Co.
THE CHURCHES.
F7UR8T BAPTIST CHURCH Ker.'O. D. Tat
1 lor. Pastor. Services every Sabbath at 11
k. at. and 7:30 P. M.
Prayer meeting every
Sabbath School at 12 M.
Thursday evening at 7
CIOCKj
CONGREGATION At 'CHURCH Rel-! W;' C.
Ccktis, Pastor. Services every Suriday at 11
v. Ic. ' and 7 P. sr. ; Sunday School after morning
ervice. Strangera cordially, invited. Seats free.
B.' -CHURCH Rev. S. ' Beowi, 'Pastor.
Services everv Sunday moraine and even
ing. Sunday School at 12 o'clock M. A cordial
invitation is extended by both pastor and people
toalL . -
ST. PAUL'S CHURCH Union Street, opposite
Fifth. Rev. Eli D. HutcliQ'e Rector. Services
very Sunday at 11 A. M. and 7; 30 p. tt. Sunday
school li:30p. it. Evening Prayer on Friday at
T-.30
ST. PETER'S CHURCH Rev. Father Brons
qbkst Pastor. ' Low Mass every Snnday at
" A. M. High Mass at 10:30 A. u. Vespers at
7 P.M.
J. M. HUNTINGTON & CO
Abstracters,
Heal Estate and
Insoranee Agents.
Abstracts of. and Information Concern
ing Lanl Titles on Short Notice.
Land for Sale and Houses to Rent
Parties Looking for Homes in
COUNTRY OR CITY,
OR IN SEARCH OF
Should Call on or Write to us.
Agents for a Full Line of
LealLi Fire Insurance Companies,
And Will Write Insurance for
-A-ZCsTX" AMOXJUT,
on all
DESIBAHLE. laiSICS-
Correspondence Solicited. All Letters
Promptly Answered. Call on or
Address, ' -
. J. M. HUNTINGTON & CO.
Opera House Block, The Dalles, Or
The Dalles
FIKST STEEBT.
FACTORY JTO. 105.
fTf A TGof the Best Brands
V 1 VXJAX0 manufactured, and
orders from all parts of the country filled
on the shortest notice.'
1L
The reputation of THE DALLES CT
GAR has become firmly established, and
the demand for the home -manufactured
article is increasing every day-.
A. ULR1CH & SON,
Phil Willig,
124 UNION ST., THE DALLES, OR.
Keeps on hand a full line of.
. , -i -. i.-.. :
MEN'S AND YOUTH'S
Ready - Made-Clothing;
Pants and Suits '
MADE TO ORDER
On Reasonable Terms,
Call and see my Goods. before
rmrchasing elsewhere.
W. H. TffEABEACK,
PROPRIETOR OF THE
Granger Feed Yard,
TJH1RD STREET.
. (At Grimes' old place of businees.)
Horses fed to Hay or Oata at the lowest possi
ble prices. Good care Riven to animals left in
my charge, as I have ample stable room. Give
GiqaF
faetopy
me a call, and I will guarantee satisfaction. '
t W. U. NEAJ3EACK.
:-"-U''- ' V . .. " . ... , '
J. H. CROSS,
-DEALER IN-
miii
Fee
III II I If
1
HEADQUARTERS
UJL U.XJJ
Cash Paid for Eggs and Chickens. All Goods Delivered Free and Promptly
STRICTLY.CHSH. (
Secpnci
SUMMER GOOBS
Of Every Description will be sold at
FOR THE NEXT
Call Early and Get
uine Bargains.
H
The Dalles Mercantile Co.,
Successors to BROOKS fc BEERS, Dealers in
General Merchandise,
Staple
Gents' Furnishing Goods, Boots, Shoes, Hats, Caps, etc.
G-roceries,
Provisions,
HAY, GRAIN AND PRODUCE
Of ail Kinds at Lowest Market Rates.
Free Delivery to Boat and
S90 and 394
NEW FIRM!
toscos
- DEALERS IN-
CHOICE V STAPLEV AND
Canned Goods, Preserves, Pickles, Etc.
Country Prodiue Bought and
Masonic Block, Corner Third and
E. Jacobsen & Co.,
WHOLESALE AND RETAIL.
ROOKSELLERS AND STATIONERS.
Pianos and Organs
- Sold on EASY INSTALLMENTS,
Notions, Toys,
3VXa.X Orders) Pilled
162 SECOND STREET,
NEW
PRINZ & NITSGHKE.
i ; - - - . DEALEES IN ; , ; J. ... ,. fc .
Furniture and Carpels.
We nave added to oar business a
complete Undertaking Establishment,
and as -we are in no way connected with
the Undertakers'- Trust our prices will
be low accordingly. .... ',....
Remember our place on Second street,
next to Moody's bank.
$20 reward:
nrriix. be iAii) for any information
T T leading to the conviction ol parties cutting
e ropes or in hy way interfering with the
win poles or lamps of Th Elcctbic Light
Co. H. GLENN.
Manager
FLOURING MILL' TO LEASE.
rp HE OLD DALLES MILL''' AND 'WATER
X Com
sponsible
Company's Hour Mill will be leased to re-
. WATER COMMISSIONERS,
The Dalles, Oregon.
A
OMMifliMalsliMt!
F
FOR POTATOES.
& Union Sts."
THIRTY DAYS.
Some of Our Gen
. H e r b r i n g.
and Fancy Dry Goods,
Hard-ware,
Flour, Bacon,
Curs and all parts of the City.
Second Street
NEW STORE '
8t Giboris,
V FANCY ".' GROCERIES,
Sold.
nr.
Goods delivered Free to any part of the City.
Court Streets, The Dalles, Oregon.
Fancy Goods and Musical .
ments of all Kinds.
Instru-
romptly.
' THE DALLES',' OREGON.
JAMES WHITE,
Has Opened a
XjuuoIi Counter.
In Connectioq With his Fruit Stand
and Will Serve
Hot Coffee, Hani Sandwich, Pigs' Feet,
and fresh Oysters.
Convenient to the Passenger
Depot.
On Second St., near corner . of Madison.
Also a
Branch Bakery, California
Orange Cider, : and the
Best Apple Cider.
If you want a good lunch, give me a call.
Open all Night
0;EVliSS
is now running a eteam
Ferry :. between Hood
River' and White Salmon. Charma
reasonable. T?. O. Evans, Prop.