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VOL. VII
THE DALLES, OREGON, TUESDAY, DECEMBER 11, 1894.
NO. 298
V
CARLISLE'S CURRENCY
Secretary Details the Fea
tures of His New Plan.
HOUSE COMMITTEE ON BANKING
National Banking Lam Should Not be
' AlteredInjustice Done the State
o"f Washington In the Bouse.
Washington, Dec. 10. Secretary Car
lisle appeared before the house com
mittee on banking and currency today
to present in detail tbe features of tbe
new currency plan proposed in his an
. nual report and indorsed in tbe presi
dent's message. Besides tbe fall mem
bership of the committee Senor Komero,
the Mexican minister, and many mem
bers of congress were present. Carlisle
took up each section 6 bis recommen
dations. First To repeal all laws requiring or
authorizing the deposit of United States
bonds as security for circulation, and
second, to permit national banks to issue
notes to an amount not exceeding 75 per
cent of their paid-up and unimpaired
capital, but to require each bank before
receiving notes to deposit a guarantee
fund consisting of United States legal
tender notes of 1890, to the amount of
30 per cent upon the circulating notes
applied for.
This percentage depends upon the cir
culating notes outstanding to be main
tained at all times, arid whenever the
bank retires its circnlation in whole or
in part, its guarantee fund is to be re
turned to it in protection to the amount
of notes retired.
Carlisle said he was satisfied the pre
sent law requiring tbe present deposit
W-a bond to secure circulation prevented
an elasticity of currency. He 6aid : ' '
"Theprovision outlined gives ample
protection without the deposit of bonds
as required by the present law." , .
Carlisle said tbe practical value of .the
reserve fund currency was shown in 1893.
There was a demand for money, aggre
gating $400,000,000. The treasury did
its best to meet the stringency, but by
the time the notes were ready to dis
tribute the demand bad gone by, and
many of the packages of notes were re
turned unpaid. ' '
The secretary jnvited criticism on this
particular section.
Chairman Springer asked how the
secretary's plan differed from the Balti
more plan.
Carlisle explained tbe technical differ
ence. The Baltimore plan proposed a
deposit of 50 per cent under certain con
ditions, while the treasury plan proposed
a deposit of 30 per cent. When a bank
fails the treasury plan- contemplates an
assessment on all national banks, they
in turn h'avibg a lieu on the failed bank.
Representative Hall, of Missouri, sug
gested there was a prevaiheg opinion it
was unsafe to place the power of the
currency in the hands of corporations
and banks.
''It 'will work automatically," said
Carlisle." The banks will not expand
tbe currency unless the public needs it.
Their interest will be to expand and con
tract as common interests demand it.
These interests will,'tberelore, control at
all times." '
The secretary further said : "This
flexibility was much more desirable than
a rigid system, by which a certain
amount of currency was outstanding.
At one time the stringency was so great
the banks drew out $13,000,000, under
pressure, and if it had not been for the
Canadian banks, who sent currency in
to this country, serious results might
have ensued."
Controller of Currency Eckels ap
peared before the committee and made
an elaborate statement. He contended
the national banking laws were not to be
Highest of all in Leavening Power,
Li c zzzzzzs ii
lightly dealt with and should not be
altered unless it was absolutely known
the change would be beneficial.
Financial Crisis Jn Newfoundland.
St. John's, IN F., Dec. 10. The
Commercial bank of Newfoundland,
having headquarters in this city, sus
pended .-.payment this morning, owing
to the failure of several of the largest
fish exporting houses to respond to
liabilities to the bank. This has in
volved other banks, and has crippled
some concerns here. Four have closed
their premises, and others will close to
morrow. Small depositors are demand
ing gold from the union and savings
banks, and the gold reserve is being
steadily drained. If they are able to
meet a run j everything is safe, but the
chief danger is the difficulty in getting
more gold into the country. At present
the people are very peaceful, and some
are unable to appreciate the gravity of
the situation. Business men are trying
to effect an arrangement with London
bankers or with the Canadian concerns
which will be urged to extend . business
to this center.
A Weak-Roetd Murderer.
Minneapolis, Dec. 10. Claus A.
Blixt, the confessed murderer of Cather
ine Ging, is a pitiable object today. He
weeps continually and says he wants to
die. He says Harry Hay ward controlled
him, as he did Miss Gmg, by hypnotic
power. A large crowd assembled in
front of tbe municipal court today ex
pecting : Blixt would arraigned, - and
ominous mutterings were heard. , It was
decided Blixt should be taken directly
before the grand jury. After reading
Blixt's confession, Howard said the
story was a fake, concocted by Blixt to
save his neck. .
He Turned On the Gas.
San Fbancisco, Dec. 10. : Charles
Johnson - arid Gustav Wennerberg,
owners of a cigar stand on Fourth street,
were smothered to death this morning
at their lodging on Stevenson street by
illuminating gas. When they retired
late last night one of them accidentally
turned on the gas, after extinguishing
the light, the gas fixture being defective.
Both men were prominent in athletic
circles, having participated in many tug-of-war
contests. .
A HI flu in Constantinople.
Vienna, Dec, 10. All foreign diplo
matic relations at Constantinople have
been suspended on account of exchange
of views on the initiative of Great
Britain proceeding with a view to taking
joint action with the king on the Ar
menian question. The porte is very
anxious at this new turn of affairs,
the turkish ministry, assisted by Kiamii
Sed and Cbakir Pasha, eat continuously
from Saturday until noon yesterday.
Mexican Border Troubles.
Oaxaca, Mexico, Dec. 10 Reports
have been received here of a number o!
skirmishes between Guatemalans and
Mexicans on the border, and the people
are aroused to the highest pitch of ex
citement. The Mexican troops are anx
ious for the war to begin, as they are
confident of an easy victory over the
Guatemalans. The volunteer troops of
this state are being drilled daily and are
read to mi arch to the front
Are Sending; Inferior Oil.
. Berlin, Dec. 10.: The government
baa instructed the Hamburg chamber of
comerce to inquire into the complaint of
the inferior quality 'of recent importa
tions of pelrpteumby Ihe 'Standard Oil
Company. It la charged that the Penn
sylvania oil fields are exhausted, arid
the oil recently imported came from
Indiana and Ohio.
Trainrobbera In Jail.
OTTUMWA,Ia., Dec. 10. Burglars
robbed the Burlington depot at Batavia
last night, and taking a hand car started
toward a Ottumwa. Detective Harrison
and other officers pursued on an engine.
A battle was fought and one of the bur
glars was killed and two escaped! Har
mon received a flesh wound. ' '
Latest U. S. Gov't Report
m
A Fight With Robbers.
Fort Worth, Dec. 10. Four men im
plicated in the Ben Brooks' train rob
bery by the confession of Sam Evans,
nephew of Captain Sam Evans, of this
city, are now in jail here, and the offi
cials claim to have a sure case against
them all. - The four prisoners are Sam
Evans, of this city, who is highly con
nected: John Ward, Walter Sullivan
and Walter Gardiner, all young farmers,
who live within a mile of where the rob
bery was committed. Evans claims his
share of the plunder was large enough to
fix . him all right after he got through
with the trouble.
He Succeeded In Dying.
Los Angeles, Cal., Dec. 10. Joe H
Conrad, a former Helenajmerchant. who
sought to commit suicide by taking
strychnine, succeeded in dying at his
hotel, where he has been under the
care of tbe city physicians since his at
tempt to take bis life Friday last. His
wife was in the city at the time of his
death.
District of Columbia Day.
Washington, Dec. 10. Today being
the second Monday in the month, under
the rules, the house devoted its time to
the consideration of District of Columbia
business. On motion of Heard, of Mis
souri, chairman of the District of Colum
bia committee, the house went into com
mittee of the whole.
Be Shot Two Brothers.
Cerrilles, N. M., Dec. 10. Elutorio
Leyba shot Emil d'lao in the head at
Bena Blanca last night. The shooting
was the result of an old grudge. Dayid
d'lao, Emil's brother, asked Leyba why
he shot Emil. Therefore Leyba shot
David just below the heart. Emil will
recover. David will die.
Specimen Cases.
S. H. Clifford, New Cassel, Wis., Was
troubled with neuralgia and rheumatism,
his stomach was disordered, his liver
was affected to an alarming degree, ap
petite fell away, and he was terribly re
duced in flesh and strength. Three bot
tles of Electric Bitters cured him."
Edward Shepherd, Harrisburg, 111.,
had a running sore on his leg of eight
years' standing. Used three bottles of
Electric Bitters and seven boxes of
Bucklen's Arnica Salve, and his leg is
sound and well. John Speaker, Cata
waba, O., had five large fever sores on
his leg, doctors said he was incurable,
one bottle Electric Bitters and one box
Bucklen's Arnica Salve cured him en
tirely. Sold by Snipes &' Kinersly.
A. Job for Black.
Waington, Dec. 10. Representative
John C. Black, of Illinois, ex-commissioner
of pensions, has been nominated
United States district attorney at
Chicago, vice Sherwood Dayton, de
ceased. The success that has attended the use
of Dr. j. H. McLean's Volcanic Oil Liri
ament in the relief of pain and in curing
"diseases which seemed beyond the reach
of medicine, has been truely remarkable.
Hundreds supposed to be crippled for
life with arms and legs 'drawn up crook
ed or distorted, their muscles withered or
contracted by disease have been cured
through the use of this remedy. Price
25c, 50 and $1.00 per bottle". For sale by
the Snlpes-Kinersly Drug Co.
A small boy in Austin:, . Texas, Sunday
school waa asked: "Where do the
wicked finally go?" "They practice law
for a spell and then they go to the legis
lature," was ihe pat reply of the observ
ing yfcutn.iexaa 'Sittings. ' '
For a pain in the side 'or chest there is
nothing so good as a piece of flannel
dampened with Chamberlain's Pain
Balm and bound on over the seat of pain.
It affords prompt and permanent relief
and if used in time will often prevent a
cold from resulting in pneumonia. This
same treatment is a sure cure for lame
back. For sale by Blakeley ""& Hough
ton Druggists. . , .
Do yon want The Chronicle and San
Francisco Examiner for a year? If so
send us $2.25 and you can have them,
156 papers for $2.25 or less than a cent
and a half a pioce. If yon would rather
have the New York World, we will send
you that and the Semi-Weekly Chron
icle one year for $2.25. The World is
also a semi-weekly so you will get 208
papers for $2.25..
Feed wheat for Bale cheap at Wasco
Warehouse. tf.
Grain sacks for sale at the Wasco
Mackintosh
Coats
' For Infants and Children.
Castorla, promotes; Digestion, and
overcomes Flatulency, Constipation, Sour
Stomach, Diarrhoea, and Feverishness.
Thus the child is rendered healthy and its
sleep natural. Castoria contains nc
Morphine or other narcotic property.
" Castorla Is so well adapted to children that
I recommend It as superior to any prescription
known to me." H. A. Ahoheb, M. D.,
Ill South Oxford St., Brooklyn, N. T.
For several yean I have reoommenaed your
Castorla,' and shall always continue to do so.
as it has invariably produced beneficial results."
Ebwiw F. Pardsk, M. D.,
123 th Street and 7th Ave., New York City.
"The use of ' Castorla is so universal and
its merits so well known that it seems a work of
supererogation to endorse it. Few are the in
telligent families who do not keep Castoria
within easy reach."
Cuuxn Kakttv, D. D.,
New York City.
Tarn Cbhtadb OoupDrr, 77 Hurray Street, 17. T.
(FllSliM.
The BOSS GASH
KND
BLANKETS
PURE WOOL
Just Received.
for
A Complete Line, unequalled in
Variety of Cloths, Style and and
of Finish, and last but not least,
A." M. WILLIAMS & GO
J. d. 8CHKHCK,
President.
J. M. Patterson,
Cashier.
First Rational Bank.
THE DALLES.
OREGON
A General Banking Business transacted
Deposits received, subject to Sight
Draft or Check.
Collections made and proceeds promptly
remitted on day of collection.
Sight and Telegraphic Exchange sold on
New York, San Francisco and Port
land. DIREOTORS
D. P. Thompson. x Jno. S. Schknck.
Ed. JIT" Williams, Geo. A . Liebb.
H. M. Beall.
Snipes-Kinersly Drug Co.
DEALERS IN
Pure Dings chemicals,
FINE LINE OF
IJKPOflTED and DOMESTIC CIGflSS
At Our Old Place of Business.
CHP TO MHTCH,
Just Opened, Made to Our Special
M.
Ladies
and
Gentlemen.
regard to
Richness
.The Price,
DOORS,
WINDOWS,
SHINGLES,
FIRE BRICK,
FIRE CLAY,
LIME and
CEMENT,
Window-Glass
and
Picture Mouldings
ZE3C. Q-IELiIEILTINV
STORE
Order.
H0NYWILL,
3O&0JTaGII.V t2JEwE
warehouse. tf