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About Morning daily herald. (Albany, Or.) 1885-19?? | View Entire Issue (May 1, 1888)
THE MOBXINO TT"F!"R. ATiT); TUESDAY, MAYiM, 1888. -M 1 I 1 .5 ' J.'- ' '7:. '4 ' v. llEPUBLI CAN STATE TICKET. Cosorkssman Binder Herman. Supbkme Jddge W". P. Lord. pKesiUKSTiAb ELECTORS Robert McLean. . - Wm. Kapua. C. V. Fulton. Attorset for 3rd dis't. H. H. Hewitt. REPUBLICAN COUNTY TICKET. FlEPRESiSTATivES 0 H Irvine, Albanv. W W Richardson, Scio W R Kirk, Brownsviile 'oi:ntt Judge I R N Blackburn, Albany C'o.M.MissioNKRS A Savage, Santiain A Brandon. Cent.-r Olkrk Geo W Davis, Shedd Kscdrdkr O S May, Scio Shksikp John Conser; Syracuse Trkasl'rkr J F Hyde, Liberty Asskssor C Sperry, Brownsville .SciKMrt. Sup't J M Williams, Halsey Surveyor E T T Fisher, Syracuse Coroner T H Cone, Albauy Subscribe Sow, la Time to Read All the Local and StteroIil ical Sews. During the coming political-cam paign the Daily and Weekly Herald will be mailed to new sub scribers at tne following reduced Weekly to Jan. 1, 1889 $1 00 Daily to Jan. 1, 1889 2 50 Daily to July, 1 1888 1 00 Ey carrier " 1 25 12 A iLROAD UA PITA LIZA TION An article was recently published in the Stockholder, showing an in creased railroad capitalization dur ing the year 18S7 amounting in round figures to $ti3G,000,000. The h abject is one of more than or dinary interest, because so many people are prone to accept this ir resit increase in railroad debt as the prime factor in causing ,he dullness from which the stock market has so long suffered. Be yond question, it has had its effect in that direction, but we think its influence has been largely over estimated. In the first place, the acceptance of such a theory implies a belief that the investment cap ital of the country is not of sutl. cient volume to absorb this vast amount of new securities, and it is right here that the chief error lies. It has been estimated by economists that the natural accre tion of capital in this country is about one thousand millions oi dollars per annum, which, when the immensity of our resources is considered, does not seem too large a sum. It will not do, of course, in a discussion of this kind, to consider any one ear arbitra rily. Capital is too fluctuating a quantity for that, and investment and speculation are too frequently affected by local conditions to make t ie results of any single year joint a moral. Turning to the railroad construction during the years 1879-S7 inclusive, and basing the calculation on the high aver age of the eight years ending with 1886, we 'find $810,029,560 as the bond and stock capitalization of last year, bringing the total for the miiiT adis up iu ,j-.',.:uo,ox. Assuming that last vear's issues : . ' non io oao ; were equally divided between bonds and stocks, the total in-! . . . iiii Creases for the nine years WOUkl be 2,003,44--,,045 of bonds and $1,- 024,557,344 of stocks, figures which the average prove to be ap proximately correct. It would be reasonably safe to estimate the price at which these bonds have been sold at about 80 per cent of their par value, but to be on the safe side let us say they were placed at 85. Making no allow ance whatever for those sold in Europe, this would call for the expenditure of $1,704,625,708 of our available capital. A very j large proportion of the share cap ital created during the period under review has been given away in the shape of bonuses to the purchasers of bonds ; still, to cover possible contingencies, we will assume the entire issue to have been sold for 30 per cent, "of its face value, cr j $577,367,202-, making an aggregate j expenditure for railroad account of $2,281,922,940, or something more than 25 per cent, of the entire available capital of the country. I To some this might appear an ex tensive expenditure in this depart ment of our general progress, but most thoughtful people will agree with us that it is a case in which the end justifies the means. And aside from that there have been other sources from which to draw investment capital other than our natural accumulation of wealth. Since July 1, 1879, the United .States government has reduced its total debt from $2,245,495,072 to $1,691,360,705 on December 31st last, and unquestionably a goodly share of this money has gone into railroad securities, thus reducing in corresponding ratio thedeniand upon the wealth contributed by our industtial and commercial growth. It would be idle to con- nnA (!,., t!.., !.,.,, ,;n " remaining sav .f .zoiummi.uv" lias all lwn absjr!el iiv tho new . ,. , , , , enterprises wluca have l-teii startvt OFFER in various sections of the country, especially in the South, or that it has found its way into bricks, mortar, wood, and iron for build ins purposes in other words, that it has become fixed instead of floating capital, and it would' be equally idle to contend that it has gone abroad. Perhaps no truer and fairer tribute to the worth and memory of Gen. Grant was ever penned than by Roscoe Conkling, in the following words in answer to an invitation to attend a celebration of the victorj- of Vicksburg, held at Pittsbunr, Pa. : "To join in pay ing honor to the memory oi a man so illustrious and so true to his country and his friends, so firm set, so calm nd enduring under calumny, suffering and sorrow, would be a mournful and grateful privilege. I should feel at home in doing so, with those who did not wait for the glorification of his death to show them the rugged grandeur of Grant, or the honesty fni his purposes, and his reverence for the rights of every fellow creature." It is one of the peculiarities of partizanship that the perception of manv otherwise acute business men, of financial acuteness, are so blinded that they cannot compre hend the propriety of lessening the bonded indebtedness of the county by applying part of the treasury surplus to the liquidation of the bonds prior to the time of their maturity, thus performing the very common practice of '' business men of suei.tl.en ing their credit, by discounting their ow n paper before it becomes due. j NEW TO-DAY. VOK SAKE AT A ISAKli.UK. Wro. Simpson offers for saie at one-half their original cost, the following described store tixtinee: 1 store desk. 2 counter scales. 2 platform scales. 1 a it store lamps. 1 AlcNeal & Urban safe, weighs 4.S.X). ourgiar vault and tire proof. 1 McNeal & Urban safe; lire proof; weight, 2800. lv.i: lam: LiMt: i STOOK.,2 URAIX FARMS AND 17 SMALL T tracts for sale ou easy terms Inquire of it iynt. F1U SALE. AN At FRESH MTLCH COW; ONE LIGHi one-horse hack, one set of liht drwhlt. harness. For further information call upon II. B. Vunk. 1 RS. SHAN'S JS SoW I'KlU'AithD 'IX jAJ take a few pupils hi music -piano o on.'an. Terms moderate. ITT M'Lauoiilis , KAsiiroxAHLE tailor. VV . isoby suits and pints cut and madt f) order from the latest line of samples di rect from 'Frisco a specialty. Cleaning and repairiu; a prompt" done. First strew -Albany, Or. II. Himll. BOOT AND SHOEMAKER, :ALL WORK warranted, shop since the fire removed to Ferry st.-cet, second dor from pnstoiticu. V fresh milch cow for a dry one ami re- teive the difference in cash should apply to tuildixg to rent suitable for J3 small business, next door to Thompson overman's harness store. Inquire at the latter visux Hay for sale. I HAVE SOME GOOD HAY TO SELL, IF any one wants some Until Timothy and cheat. A. J. Fox. NiktR-e to Contractor. BIDS WILL P,E RECEIVED BY THE undersigned fo-- constructing a residence a.corditit to the plans and specifications, which can be seen at my place of business, the same to be built on my premises adjoin ing this city. For further particulars in quire of J. A. I.KOSS. All bids to be in befoie May 1st, on which date tne contract will je let. Ai.IiASY, April 1G, IS ;S. WAM Y) wis ANTED -ALL THE FAKMERS WHO rw'i to sell their farm.', to call and Place ihe a "ie in the hands of Curran & Montieth have seeral customers for jrojd irrai rm.k farms. Practical Tailoring. CHRIST WYSS, ONE DOOR EAST OF Democrat ohire on Second street, is pre paired to make suits, anil all kines of cloth ing. Mens' or hoys' clothing repaired and cleaned at leasonable rates. A tine line o samples on hind. Charfresj reasonable. Keep Out Ihe Flics. BY I SING SCREEN DOORS AND WIN DOWS manufactured by R. U. Vunk. Shop on corner of Second and Ellsworth Sts. CITT FEED STABLE ARCHIE BLACK BURN, Proprietor. HORSES BOARDED BY THE DAY OR week. Baled -luy, baled straw and chopped feed for sale at stab;e or delivered to any part of the city. i-S'On Fourtn street, two blocks east of court hou ;e. T. J. OVERMAN ALBANY, CSESOK-, Ad EXT FOR I.ejKliiis; liic-v-! and Tri ey !. Bicycles PULL STOCK IN ALBANY. r.tH'klfn's Aiiiii:i Mivi., The best S::lve in the v,r!d for Cuts onuses, sores. I leers, S: Fever Sores. Tetter, Ch:uin'(i .tin:. -:.d.-; ! t h:ltl:;ins i urns. Vh'.U :ir.d all -i-iii Kriij'.t. i'!''--. (if li', ions, and positiv V en rt );iv i-ftiiureil. li is zwiv ! P'-rfe.-t satif-ietioti. or m.m.-y 'vf,n. i eu. IVi-e i v.-nU per I'...- .,!,. I (,v Fy.-huy Musoa. ' '' Newton m 'v.iiin-.mro I? a A 11 THE OLD WA T Every housekeeper knows from experience the ;ard labor requii ;d to wash floors and wring the cloths by hand. By usinsr ti;, Newton self-wri jging floor cleaner, wringing the cloth by hand is avoided, the lrwl labor is thereby les sened; the hands do not come in contact with the water, whereby you can use boilinyr aud ammonia water. The Newton self-wringing floor cle? ner is lijjl't, durable and simple in construction, and well merits the claim of being the best invented. Special- rates to canvasser? and the usual discount fo the trade. Manufactured and sold by LOUIS VIERECK, Albany, Linn County, Oregon. S3?State and Territorial rights for sale in Kansas,Colorado, Nevada, Texas, Oregon, California. Washington, Montana, Alaska, New Mexico, Idaho, Indian, Utah, Dakota, Arizona and Wyoming Territories. W. F. READ, (Successor to fir and ffin 1 am now receiving new goods in every line and would coidially unite everybody to call and inspect our stock and prices. We propose to have the The Live Drv Goods House Of Albany, and shall Eat all times study the wantsof our patrons both in style and prices". Dry Furnishing Goods, Hats Call and see me. T7n7". IE71. (Successor First Street, - BUILDING MATERIAL FOR SALE Having leased a portionrof the yard occupied by Mr. Carter, situated on the city railroad switcL, between Fourth and Fifth streets, I will endeavor to keep on hand a general supply 'f building material, such as lumber ana clear, shingles, sawed and shaved, cedar and white fir. Alsolath, and will receive orders tor sash, doors and mouldings when desired. Those desiring anything in uiy line arc. solicited to call before purchasing elsewhere, W. W. CROWDER MA, Newsdealer, Stationer -AND DEALER IN- Text Books and all School Spk Fine stationery, miscellaneous hooks, photo graph and autograph albums, inkstands, ink, pens, pencils, etc., etc. fjiitet musio, music books and all kindj of musical merchandise. General DSTe-vys Depot. 33?Mail orders promptly attended to. The City Liquor Store, M. liAUMGAltT, Proprietor. 3TNext d-mr to thepdd Fellows' emple, Albany, Oregon'BS Keeps constantly on band the finest imported and2douie8ticJjwines,yiUors, cisare.ar SPECIAL ATTENTION PAID TO I . 1M111H rlUUl VIWUIC1 . THE NEW WAY X. U. ALLEN) WM STOCK ! and Caps, Boots and Shoes, Groceries,Et i ZEBZE-iL-ID, to N il. Allen - Albany, ) 'ij i. ORDERS FROM THE COUNTRY I THE NEW WAY SPRINGFIELD SAWMILL SPHIXGFIELD J3" Albany yard and office on Railroad, between 4ili and 5;h streets Jl Having lumber not excelled iu ouality, uiHlfaeilities not surpassed for the i prompt aud satisfactory tilling or orders, rade. NEW STORE. ie Hardware aiu Opened by. Wm. Simpson. 5, 10. lf, and 23 cent counters no each o which every article is sold at the figures named. This is a rare opportunity to replenish your kitchen furniture and household furnishing goods, or to purchase 10,000 usefularticles at prices reyer before heard of. W m . S IMPSON, -ALSO HAVING BAMEUPT STOCK - OF HAY fe A8HBY. Of llurrisburg, consisting of Cloth iug, Gents' r mushing Goou.- General Merchandise. Also Of Sliane & Lonswav Offers the entire stock of dry godos, boots and snoes. lauk-s' fine drees goods, woolen fairies, domestics, etc etc. wist These goods must be sold. NO BAIITS M 4 ATTENTION A good opportunity to try the benefit of buying clean, fresh groceries ani provisions fD? spot cash is now offered by KENTON & CHASE, Nevv'Store hetweentbe Jypera liouse"and postoffice NOW m - o) - amps u Lamp 1 rungs Li - AT - JULIUS GEADWOHL'S Crockery 'Store. Rocrer Bros'. Silverware, French., China and Crystalware, Boys' Wagons vnd "Doll Carriages. Fancy and Toy Ooods. SAVE YUR MONEY Bv "buying your goods from my store. I am bny ing direct from the factory and sell at Eastern prices with freight added, lor cash. Kenton's Unking Powde -One Pound Can. 25r I am ajrent for ten responsible Fire and Marine In surance companies, representing S 7 2, 000,000. Insure' and proiectyomselfbefore.it is too late. Iam also! agent for the Frank Bros. Implement Co , Portland, j lei on pctrle Frctnccu's. Hier wird deutcfi gesproohen." I OREGON, I rcspe tfully solicit a saaie oi Ju.e A. WHEELER. NEW GOODS PURCHASED THE - - Call early and secure bargains. EST PRICES (o. DEPART Novelty S re nt Mm . IStar Bin! - m - A FULL STOCK OF Staple Groceries I !ineGlassffare,Crocler? The beat quality of teaa, coffae, nuain uv outs, etc. CAKES, PIES, Fresh Baked Bread Every Day: At this old and reliable house is also to fountt a complete assortment, of fresh famili rroeeriea, to which is constantly being aJdel ail he seasonable lines of groceries aud provisioa such as Cranberries, Fine Pickles, Dried Beef Chipped to Order. Anchovy Mustard, Candies and Nuts, Eastern Buckwheat Flour, j Canned Goods of All Kinds, ! Bohemian Glassware, Etc. These goods were all bouirht when priote were low, and the oeoeflt of the margin will ti given to his customers. Remember the plaua, at the old comer on First aiid B'oadalbin Sts. HOFFMAN AND PFEIFFER. Proprietors of And manufacturers of Choice Confectionery. We are now prepared to furnish choice, freA candies of best grade, consisting of j-ui e stick, assorted flavors, mixed candies, extra hrenua and chocolate creams, fancy mixed, candy tuyt and a ganenl assortmeot of fine candies AT WHOLESALE OK KETAIL. CaTOrderB from eeontry dealers promptly at taned to. fauberjoa First street, Albany, - - Oregon, mi, unmw dk c. : NEW PROCESS FLOUR. tQpSsTiflaF' fsHCsfissfldsi tsssssst tsssksBsssw THe Best StaissE FacUitiea paid for vita Mere Hoise Heteautt (ON SUBOPBAH HAS) by H Heals srrd tnm SS oeals t erCustoniers order whatever daaired. TW b.- 1 ied with tb best in tne marlset. THE PHU 0GRAPHER. Paxton's old stand Albany 3Mr. PhilLewis,5ofthefirm of i Lewis k Sod, At Shedd, fLinn county, having just returned from Portland, where he purchased a line stock of goods for the coming spring trade, now invites the inspection of his customers. AThese goods were bought tor cash and the advantage of very low prices will he given to the buyers. PRUSHAW'S3S DEAD SHOT ONIAGUE With the spring conies the ague. This now popular cure for ague has never bepn known to fail. Call for testimonials at Prushaw's dru store, next to Revere house. Price 75 cts. per bottle. SECOND:HAND STORE. The past year has proven it to be a necessity. The best awl cheapest place in the city to buy your Stoves Furniture, tinware "We ate always prepared to bur vour hcusehold furniture at the highest cash pr.ee. Sole agents for the PEERLESS OIL CAN And Iamr Killer. rTTinslmp recently added. All work done at the lowest possible rates M. FRANKLIN & CO! Do not be flofciv;d info buying worthies. or spurious goods for tlie nipri; snke of goNinir :i prize. We will jrivo you ;onl honest goods .-it o hmvst . botrom rin'ros, jnid a lav; yon o per cent 0fi 'vn casu Browncdl & SlanarcU CONRAD MEYER. ALBANY SODA W ORKS Eel Crown Milk1 DIERCKS NEW SPRING GOODS
