The Dalles daily chronicle. (The Dalles, Or.) 1890-1948, September 02, 1896, Image 2

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    Gentlemen
of The Dalles-
We are showing a splended line of Spring and - Summer
Suitings at lower prices than can be obtained elsewhere.
No need to patronize foreign firms employing Chinese
labor. Our garments are made on , the premises "by
. skilled workmen. : , . .. . ..
H. E. BALCH.
Prfeot Fit Guaranteed.
The Dalles Daily Chronicle.
The only Republican Daily Newspapei n
Wasco County.
WEDNESDAY. - - - SEPT. 2, 1898
5ATI0NAL REPUBLlCAiN; ticket.
For "President,
WILLIAM M'KINLEY. ...... . . .Ohio
For Vice-President,
GARRET A. HOBART . . . .New Jersey
For Presidential Electors, .
T. T. GEER...: ..Marlon County
B. M. YOBAN ....Lane
3L tr SMITH Wasco
J. F. CAPLES Multnomah
WHAT IS 16 TO It
It is the arbitrary ratio at which
free silver advocates would have
coogiess coin, ' without charge, gold
and silver. In other words they
would have silver coined at govern
znent expense into silver dollars, each
of which shall contain in weight 16
times as much silver as there is gold
in a gold dollar. It is claimed that
this is the present legal ratio for the
coinase of these metals : bat in fact
the ratio as now fixed hy law is 412.5
grains of silver to 25.8 grains of gold,
or 15.9883 to 1. (Rev. Stat. U. S.
Sees. 3511 and 3513) Silver and
sold have never been coined , m the
United States at exactly 16 to 1, the
nearest approch is thei ratio of 15.
3883 to 1. This" was the -ratio pre
scribed by the act of, January 18,
1837, at which time the market value
of silver was approximately ' 1.3 15
per fine ounce or i 1.1 835 per ounce
of standard silver. (Rev. Statutes
U, S. Sees. 3511 and 3513 and Coin
age Laws U. S. 4th ed p 104.) At
the above ratio the bullion value of
the silver dollar of 41 2 grains was
$1 in gold. It is apparent from the
exactness at which the ratio was fixed,
that congress was extremely careful
to provide for the coinage of silver
at its exact market value relative to
gold.
The first law , providing for the
coinage of gold and silver was the
act of April 2, 1792. This law pro
vided for the coinage of gold and
silver coins, "viz. eagles each to be
of the value of ten dollars or units,
and to contain 247 grains of puie
or 270' grains of standard gold. '
" , Dollars or units each to be
of the value of a Spanish milled dol
lar as the same is now current, and to
contain 371 and 4-16 grains of pure,or
416 grains of standard silver."
The ratio under this law was 15 to
1 of pure but 15.4 to 1 of standard
silver, and this ratio continued until
June 28, 1834, at which time con
gress provided by law that each eagle
should contain 258 grains - of stand
ard gold. . The weight of the silver
dollar was npt then changed and the
ratio thereby became 16.12 to 1. The
weight ot Ihe gold coin ' has nevei ,
since June 28, 1834, been changed
jjuncg tne - time, loao-ia., tDe
market value of silver had risen from
tl.297 to $1.31o, a little over 4 cents
per ounce. Coinage Laws ' p. 104.)
We have no statistics as to the market
value of silver prior to 1833. The
best authorities, however, are to the
effect that the market value fluctuated
"Yvery considerably from 192 to lod4,
In 1837 the weight of the silver
ollar was decreased to 412 grains
hich reduced the ratio to -15.9883
o 1, and no further change was made
with respect to the ratio or the silver
dollar until the act of February 12
1873, which declared that the silver
dollar, called the "iracie uoiiar,'
7S Second Street.
should contain 420 grains, ,
This act of 1873, now so famous,
will be discussed at a later time. The
ratio fixed by this act is 16.278 to 1.
The ratio between the two metals
as fixed by the act of 1792' was de
termined by Hamilton and . Jefferson,
who gave the matter careful study,
to be the commercial ratio. The coins
provided for by this act were sought
for, and as certain foreign coins were
a legal tender, they were substituted
for the American coins and this . led
President Jefferson to discontinue in
1806 the further coinage of silver
under this act. In 1834, silver being
sligntiy . undervalued, the ratio was
changed. By the act of 1834 gold
became and has ever since remained
the standard. The committee of the
house; having the bill in charge, said :
"The committee think that the desid
eratum, in tne monetary system is a
standard of uniform value. They
cannot ascertain that both metals
have been circulated simultaneously,
concurrently and indiscriminately in
any country where there are banks
or money dealers, and they entertain,
the conviction' that the nearest ap.
proacu to an invariable stanctard is
its establishment in. one metal, which
metal shall compose exclusively the
currency for large payments."
It will be observed that prior to
1874 the ratio was always determined
by. the commercial ratio. In 1874
and since,the effort was and has been
to change the commercial by fixin
by law an arbitrary ratio ; but all
these attempts have been utter fail
ures, and the price of silver has con
tinued to decline, although until re
cently the coinage and commercial
ratios have been not far apart.
Mr. Bryan, In his scripture study
nas overiooKed tne words : "And as
ye would that men should do to you
do ye also to them likewise." But
this is known the world over as the
Golden Rule," and if. he ever runs
across it he will recognize it only as
a Wall street declaration. ,
Vermont farmers have conspired
with Wall street and Lombard street
and increased the usual Republican
vote of the state by 10,000. We
wish the farmers of the West would
bear in mind that Vermont is not a
manufacturing or corporation state,
but a state composed largely of in
telligent and progressive farmers.
At last a date has been fixed by
the engineer in charge for the open
ing: of the locks November 15 next
If that time comes and the people of
Eastern Oregon are again put off, we
will do just as we have heretofore
done, growl, grin and bear it. In
the mean time we need the portage
railway, because it is a long time un
til November 15th and will likely be
a much longer time before the canal
can be opened to river craft.
A gentleman from Sherman county
yesterday tried to sell a Sherman
county warrant one of the most de
sirable county warrants in" Eastern
Oregon in.The Dalles at 4 per cent
discount of the face and some inter
est thrown in. Two months ago this
would have taken quickly, but be
cause of free . silver agitation there
were no buyers.. Holders, of county
warrants -; will find no buyers ata
much greater discpunt after election
if Bryan goes in. We suppose it is
because there is a conspiracy in Wall
street that buyers now decline Sher
man county warrants.
Round Cornered Sack Suits in all the poj
ular cloths, Cheviots,' Cassimeres, Serges Tweeds '
trimmed and tailored in the highest style of, the art
sewed throughout with pure silk, thread cut to fit
the figure and made to wear as only perfect goods
can wear.
This Label on a Garment In-
cures Perfect Fit
. and Satisfaction
It' stands for the best that
Money Can- Buy cr Skill
Produce. . . . '.
Sold by PEASE & MAYS,
CEGQENT
Cost only twice as much as wooden walks.'and will last
forever. One should. Burround every block in the city.
-Make'a specialty of laying Cement Walks, and guaran- ,
tee their work. .Estimates , of, cost furnished on appli
cation to the above. .-
THE CELEBRJTED
COliU CQBIR
AUGUST BUCHLER, Prop'r.
This well-known Brewery is now
east of the Cascades.;, The latest appliances for the manufacture of good health
ful Beer have been introduced, and on. y
be market. . ' ' -.
Kedncad Kates.
Effective March 22d.- The O. R. &-N
Co. will reduce their round trip rates
between Portland and The Dalles as iol
Iow8 : Two day rate, good going Satur
day and returning Monday night, $3.
Ten day tickets $3.50. . Good on. all
.raine. . E. E. Ittle,
m24-dwtf ... 'Agent
SlOO Reward SIOO.
The readers of this paper will be
pleased to learn that there is at least
one dreaded disease that ecienpe has
been able to cure in all its stages, and
that is Catarrh. Hall's' Catarrh Cure is
the only positive , cure known to the
medical fraternity. ; Catarrh being a
constitutional disease, requires a consti
tutional treatment. Hall's - Catarrh
On re is taken internally, acting directly
upon the blood and mucous " surfaces of
the system, thereby destroying the foun
dation of the disease, and. giving the
patient strength by building up the con
stitution and assisting nature in doing
its work. The proprietors bave so much
faith in its curative powers, that they
oner une Hundred .Dollars tor an v case
that it fails to care. Send for list of
testimonials. Address:
F. J. Cheney & Co., Toledo, O.
SSSold by DrnggiBts, 75 cents. ,
ST. MARY'S ACADEMY,
. The Dalles, Oregon., -
This institution will be re-opened' for the re
ception oi boarders and day pupils on
Monday, September 7th, 1896.
Parents and guardians are kindly requested to
be prompt in sending their daughters or wards
at the beginning of the session that all may en
joy the lull benefit of proper classification.
The classes are divided into live grades the
Primary, Junior, Preparatory, Senior and Gradu
ating. Those who are desirous of acquiring a
thorough business education bave all the facili
ties for so doing. Book-keeping, Stenography,
Typewriting and Telegraphy are taught at the
regular rates. .
The Musical Department affords-speeial oppor
tunities to acquire a knowledge of the Piano,
Organ, Violin, Zither, Mandolin and Guitar.
Thorough Bass and Harmon v taught according
to the most approved methods. .
Vocal Music in classes, German, French, and
all kinds of Plain and Ornamental Needlework
taught free of charge. -
In the Studio, lessons are given In Pastelle,
Oil, Metalic, Mineral and Water Colors, and in
Crayon, including Portraiture. . . . .
8T. JOSEPH'S SCHOOL FOR . BOXB.
The attention of parents Is called to this pop
ular branch of the institution, which Is under
the supervision of a competent teacher Bovs
attending this school will receive fi ratlass in
struction in the branches taught.
For further particulars and rates of tuition, ap
ply at the Academy or adoress -eptl-lmo
SISTER 8UPEP.IOR.
ii- av.ill m m mm "i - i hi urn m, mini
The Dalles, Or
BftEttlEHV,
turning out the beet Beer and Portei
the first-class article will be placed oa
. ,:-':.
. S. Schick,
. President.
. M. Vattkrson,
... Cashier.
first Ilational Bank.
THE DALLES. - - - OREGON
A General Banking Business transacted
.Deposits received, subject to bight
. Draft or Check.
Collections made and proceeds promptly
. remitted on day of collection.
Sight and Telegraphic Exchange sold on
' JNew. jfork, ban Francisco anc Port
land. .
nmsoTOKS. :
D. P. Thompson. Jno. S. ScnxNCK.
Ed. M. Williams, - Gso. A. Lira.
U. M. Bbaia. '
Money Loaned.
First mortgages , oa Improved property nego-
UHieo. ... r - -
We are prepared to negotiate first mortgages
anon improved farms in Oregon. Washington
and Idaho with eastern parties and foreign cap
italists at tne usual rate 01 interest. 3iortgages
renewed that have been taken by other compa
nies now out of business. Address (with stump;
aifcRVIN SWABTZ,
jnll5-tf - - - Baker City, Or.
Meals at All Hours
' From 6 a. m. to 10 p. m. ;
Board, $3 to $4 per week
at Mrs. C. Nelson & Co.'s
Steam "Wood Saw
Wood Sawed by the Champion Wood
Saw, every other day--Monday.Wednes
day and Friday during September.
Leave orders at Blagden & Morris
Blacksmith Shop on Third Street.
TELEPHONE 130.
Otto Birgfeld is now ready to supply
amilies with the celebrated Gambrinn
keg or bottle -beer, delivered " free- of
charge to any part of the citv.-- Tele
phone 34. , .
Wholesale.
jVIfiliT IiIQUOftS,
t&Unes and Cigar's.
THE CELEBRATED
ANHEUSER-BUSCH and
HOP GOLD BEER ities.
Anhenser-Btisch Malt
beverage, unequaled as a tonic.
STUBLING & WILLIAMS.
Must Be Seen
The new Stock of Goods just received by C. F.
; Stephens from the East, which includes every
class of Goods in his line needed for man,
woman or child. The low prices will astonish
you. The goods are of the latest style. The
general public are invited to call and inspect
them. Th6y are certain
To Be Appreciated,
Caseade . Watm
IS NOW OPEN"
Board and Room per day ......
Board and Room per week ...
Baths
For Particulars Address
274 Taylor Street, - - aug7-dy!mo
i I
:
'a
i-i
wi
p
Pi
w
CD
PQ
, CD
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J
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a
a
60
CD
OTTO
Fine Wines,
The
-SOLE
Celebrated Gambrinus Beer.
NO. 94 SECOND STREET,
THE DALLES, - - - OREGON.
The Dalles Commission Co.,
-DEALERS IM-
Coal, Ice . ail 1 Prote, Toreip . anl Domestic Fruits and VepiaWes.
Oysters, Fish. Poultry and Game In Season.
NORTH POWDER ICE, which is noted for its parity and lasting qualities.
ROCK SFS1KOS.
KOSLYN, ANTHRACITE
and OJEOKQK9 CREEK
CO
Phone 128 and 255. Corner Second and Washington Streets.
Consignments Solicited. Goods received for Cold Storage and Forwarding.
11 There is a tide in the affairs of men which, taken at its flood
leads on to fortune" -
' The poet unquestionably had reference to the
Closing Out Sale of
AT UKAINUALL
Who are selllnsz those tzoods
' ? MICHELBACH BRICK,
Kill or Catch
, with "TANGLEFOOT" or "DTJTCHER'S LIGHT -.
ITING rLT KILLER;
Only 5c!a Double Sheet at ;
Donrieirs Drug Store.
Nti trine, a non-alcoholic
Springs flotel
FOR GUESTS.
' .. . $1.25
17.00 and 8.00
... ......:.25c each
T. 3MCO!E,!F"IE2TT, ,
- - PORTLAND, OREGON
BIRGFELD, Prop.
Liquors and Cigars.
AGENT FOR THE-
-EL 31a .."
' FOB FITIL
MAMFACTUK
FL'KPO
Furniture and Carpets
& DUhbL I O,
out al izreatly-reduced rates .
- TJNICA ST. ' f .-, .v
those
Germania