THE MOBXINO TT"F!"R. ATiT); TUESDAY, MAYiM, 1888.
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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