Image provided by: University of Oregon Libraries; Eugene, OR
About The Dalles daily chronicle. (The Dalles, Or.) 1890-1948 | View Entire Issue (Dec. 7, 1897)
Tho Dalles Daily Chrcnislc The only Republican Daily Newspapet on Wasco County. EASTERN OFFICE S30 to 34 Temple Court, N.-Y. City. E. KATZ,. Agent. Weekly Clubbing: Kates. Chronicle and Oregonian , . .$2 25 .Chronicle and Examiner...- 2 25 Chronicle and Tribune. 1 75 Chronicle and N. Y. World. 2 00 TUESDAY - - DECEMBER 7, 1897 DELAY IN CURRENCY REFORM The advocates of the program of delay in currency reform would do well to consider 'certain facts which suggest that all may not be clear sailing for the national finances, even now when business prosperity is evi- ' dent. It is by no means too soon to prepare for that stress of weather which brings into unpleasant relief the evils of our currency system. With $156,000,000 of free gold, ac cording to the latest figures at band, in the treasury, and with . the inter national trade balance strongly in our favor, the United States may feel . a sense of monetary security. But th?re are certain features of the situation which, if looked at conserv atively, will suggest that no assur ance may be bar that a fresh strain may not be put upon our financial fabric earlier than has been gener ally expected. The so-called struggle for gold, which has been a pronounced char acteristic of recent times, is by no means over. Nearly every cable re reived in banking circles of late, ac-! cording to a recent statement in' a leading financial journal has spoken of the strong demand in London for gold for the continent. The state ment goes on to say that the demand is traceable, in large measure, to the continued accumulations of the yel low metal by Russia. The reorgani zation of that country's currency on a gold basis and the extensive trade expansion expected by the Eussian government as a consequence of its acquisitions in China and the com pletion of the great railway across Siberia, may partly explain the need of the Muscovites to increase their stock of bullion. But the magnitude and persistence of the drian through Berlin to St. Petersburg suggests even more than this it has an ominous sign of the gathering of a war chest in anticipation of the next dreadful clash of arms in Europe or Asia. And, naturally, a part of the accum ulations of any military fund must be withheld, even in time of peace, from commercial availability. The Austrian government has not yet acquired all the gold requisite to the execution of currency reform in the dual monarchy. The critical state of the controversies between Austria and Hungary holds out a danger-signal of a possible collapse on the Vienna Bourse, whish would . lead to a great demand for money, and high interestrates would hurry gold to thatcenter. Now, In pres ent conditions, any continental . de mand ' for the precious metal must pull strongest on the purse-strings of Great Britain. As London wishes to keep enough gold to render the British financial and commercial po sition secure, where could that city turn for gold in an emergency ex cept to the United States? The supplies now pouring into London from South African and Australian mines are promptly absorbed by the Bank of England or the open mar ket. " . : It is true that this country is bet ter buttressed against a foreign call for gold than it has been in years. ' Allowing for all deductions of items in the international trade balance which are averse to us such as freight moneys,' undervaluations, shipments from abroad of American securities, etc. conservative author ities estimate that on the total ac count, of course including merchan dise and the year's bullion rnove ments, "Europe must be indebted to us today to the amount of at least one hundred millions. This is a strong defense, truly, but it may not be counted upon forever. Another season may bring better crops in consuming countries and in in coun tries which compete with us m sup plying the deficiencies of the world. In that case, there would be less demand for cereals from the United States, and the exportable surplus would command smaller prices than now rule. Moreover, one important American staple. which ''for many years has served as the great debt- payer of the United States cotton is selling at a price which tends to offset the high values we are receiv ing for bread stuffs and provisions exported. The retaliatory tariff measures now under discussion in some European countries would, if adopted, check the shipments of our manufactured articles which, in the last two years, have helped greatly to swell the merchandise trade balance in our favor. . . We have every reason to believe that the pteset congress, aided by the conservative influence of President McKinley, will see to it that a repe tition of the "endless chain,' which has wrought such havoc in the past, will be made impossible for tbe future. Expenditures. You can make your Christmas money go farther and make more eatiefactory purchases by selecting from a line such as ours. Not only drugs, but the best line of desirable articles, the largest line of novelties appropriate for the occasion and the beet goods in general. UP-TO-DATE PHARMACISTS, 175 Second SW THE DALLES, Opera House One Week and Saturday Mati nee, Commencing onday, Dec. 6th. The Laughing Limit. , Fun Fast aud Furious. GREAT MQEWEN, Miufl:Reafler ana HypoM Attra'cts the learned, bewilders the scep . tical, disarms the critical, charms the studious, euchauts the gay, gratifies the intellectual, satisfies everybody. All this and more too in pure fun. PRICES of admission 35 cents; no ex- tra charge for reeerved seats; back seats 25c ; children 15c. i I . jSct Set' tyristmas Improuemeijts. Yon want paper which makes your Christmas enjoyment greater. ; You want paper which . makes your home pleasanter at all times. You need such shades and designs as will give more beauty and more comfort in your home. We show you etyles that exceed anv ever eeen here at prices neyer attempted for such quality. D. W. VATJSE, Third St. Regulator Line The Dalles. ForflaEfl ana Astoria Navigation Co.' " sirs. Regulator Dalles City FREIGHT AND PASSENGER LINE . " ' BETWEEN ' ' . t The Dalles, Hood River, Cascade Locks and Port land daily, Sunday. GOOD SERVICE, LO S DOWN THE YALLEI OR TO - EASTERN OREGON? Are you going II bo, save money and enjoy a beautiful trip on the Columbia. The wet-bound train arrives at Tho Dalles in ample time for passengers to take the steamer, arriving in Portland in time for the outgoing Southern and Northern truing; fast bound passengers arriving in The I)nles in time to take the East-bound train. ' - For further information apply to J. N. HARNEY, Agent, Oak Street Dock. Portland, Oregon, OrW C. A-LLAWAY, tien. Agt., The Dalles, Oregon WALLPAPER! WALLPAPEPvI Just Received 5000 Rolls of Wall Paper. The best patterns. The most beautiful colors. New Invoice of Paints and Oils. Any color or brand supplied. Snipes-nersly Drag Co. Harry Liebe, PRACTICAL, All work promptly attended to, and warranted. 174 VOGT BLOCK. ror Peoule That . OMLV ONE FOR A bolt. Remove ftmplea, curat Hwdaebe, Orcpepsla mat CeUeness. 25 eta. a box at druggiata or by malt eamplw Free, addxew Or. Boank Co. P hila, f. Watchmaker I J e welcr 1 &xeW i S3 1 1 " 1 1 : 1 . J' 1 BlackwelPs Ton will And una coupen Inside each 2 ounce bag and two coupons Inside each 4 ounce bag, P Buy a bag, read tie coupon and see how to Get your share of S250.000 in nnumt.. f Special peattir Of i 1 Wholesale i . Cllines and GiQas THE CELEBRATED. ANHEUSER - TTO"P dCT .Tl w ii r Anheuser-Busch Malt "beverage, unequaled as a stubling & williams; ''There is a tide in the affairs .:'' leads on to fortune" : The poet unouestionablv had reference to the Closing' Out Sale of at CRANDALl Who -are sell Ins these goods MICHE LBACH BRICK. This is the very best Smoking Tobacco . made. enuine HI L Lwkl 1 The Chronicle office is the job priptii? D(partTer;t. ' We have better facilities fordoing- artistic work in this line , than any office in Eastern Ore-g-on, and this branch .of our busi ness is in the hands of expert workmen. $omparisoi7 ' both as to high grade work and reasonable prices. - -, J?ror;i(;Ie pub.(S,o. BUSCH and T2T7'T7' - 0 on draught iji ii iaii and in bottles. Nutrine. tonic. , of men which, taken at its flooa Furniture and & BURGET'S. out at greatly-reduced rat . V,. UNION ST. ORTHERN f j PACIFIC RY. iPullman Eleg.ent Tourist Sleeping Cars Dining Cars Sleeping Car . 1ST. PAUL M1XNEAFOLI DULVTH MKGO ' TO oband roit- . , CKOOKSTON '- . "T '.. '-. WINNIPEG r- HELENA an , BUTTE Tbirougri Tiekets CHICAGO TO WASHINGTON PHILADELPHIA MW YOKE ' , BOSTON AND ALL POINTS EAST and SOUTH For Information, lime cards, maps and tickets, cal on or write to W. C. ALLAWAY. Agent, . . .The Dalles, Oregon A. D. CHARLTON. Asst. G. P. A., 255. Morrison Cor. Third. Portland Oregon DOORS, windows; shingles fire brick; FIRE CIiAY, LIME, CEMENT, Window-Glass and Picture Moulding. is. o ii. e 3sr nsr. Dalles-, Moro and Antelope STAGE LINE. Through by daylight via Grass Valley ,'Kent and Cross Hollows. .. DOUGLAS ALLEN, The Dalles. C. M. WHITKLAW, Antelope. - Stages leave The Dalles from Umatilla House at 7 a. m., also from Antelope at 7:30 a. m. every Monday, Wednesday and Friday. Connections made at Antelope for Prineville, Mitchell and gjints beyond. Close connections made at The -a lies with railways, trains and boats. , , Stages from Antelope reach The Dalles Tues days, Thursdays and Saturdays at 1 :30 p. m, RATES Or TABK. Dalles to Deschutes .. 00 i do Moro: .-: i 50 do Grass Valley 2 25 do Kent 8 DO do Cross Hollows 4 50 Antelope to Cross Hollows 1 50 do Kent. , .... . 2 00 do Grass Vallay 8 00 do, Moro 8 60 do Deschuees. .': , 4 00 do Dalles rf 6 00 J. S. Bchbnk, H. M. Bea. , Cashier President. FiKt Hational Bank. THE DALLES - - - OREGON A treneral Banking Business transacted uepoaite received, subject to Sight - Draft or Check. Collections made and proceeds promptly remitted on day of collection. Sight and Telegraphic Exchange sold on jxew itork. Ban ixanciaco anc "ort ., . land. ; DIREOTOHS D. P. Thompson. J so. 8. Schbnck. Ed. M. Williams, Gko. A. Liibj. U. M. Bbaix. JOSEPH Stf AHflOIl HAS OPEITED A jlar9es5 Sl?op IN THE EAST END, in the Colum . bia Feed Yard, opposite Saltmarsbe's ; Stockyards, where he is ready to do flU Kinds of Harness Work. norse and hnrvv.wn on nnHaNaii . 1 the city. Being a practical harness-maker, we r t vmiugc-uuuuuug a spec ialty. For sample of our work, look at the Tl ma-