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About Morning daily herald. (Albany, Or.) 1885-19?? | View Entire Issue (April 18, 1889)
1HE MOttNING HERALD: THURSDAY, APRIL 18 189. DAILY A.MD WEEKLY DAILY Published every tiiorniuif eo;pt Moiidaj.l vlKcruu vt MHiwiln'1 iy mail, r)'i. WEEKLY. a 00 (Publishe 1 every Friday Morning.) e copy, per annum, ... u.. When not paid in advance ,!.00 i TUK MAILS. Mails at the Alliany pnstoffice close For all office north I Tka E&atnrn state ' The Wert Side ( Ami the Nairow Gauire K. Ii. ; iKor Portland and Salem - - , A jComllin and Yaquina ....l:.:3i P. I office south W" ' The postoffice will be closed ta. n evening ! rom lix to seven o'clock. Registered matter lor thaj-ean.v moi-uuiy train should be iniilRil beiore o clock th previous eveninr. . OUR BANKiSG BUSISESS. Much is said pro and con about our national banking svhtcni and its workings. L'pon this and kindred subjects the Economist says: "The United States have now witnessed for nearly a decade an extensive system ol paj-er money, all of which is redeemable in coin and none of 'whVh ever seeks redemption. The average life oi the Bank of England note i. e, the jeriod between tin time when it issues and is returned for final cancellation is said to be onlv four davs. Yet we have a j considerable larger volume of notes out which cannot be induced to seek redemption. This is because under the legal tender act the greenback forms just as good a medium to redeem them in as the coin. IIence,we haveHhe anomal ly of a vast credit currency always redeemable and at par, but never seeking to be redeemed. Hence, w hen a bank has once put out its currency it has contributed it to the general aggregate or pool, from which ii never returns. Hence, the privilege of putting out currency has no value to the banker in the United States in the sense in which it has in England, and will con tinue to have none until the green backs shall be retired and bank notes shall be redeemable in coin only. Hence, state banks, which cannot issue notes, are gradually taking the place of national banks, which can issue notes, bu have no motive to do so at present. For the Kke reason there. was a notable increase in the number of state banks last year. In 1S87 only 225 state banks were organized, with ' an aggregate capital of 1 ,4(3(,0OO. Last year the number of state banks organized was 42D, with an aggie tate capital Ot 5-S,.lJU,UUl. .n tne : umer nana, -- uauuuui ijhuns ; wer-j organize 1 in 1SS7, with an .,.,.rto p.h.;ni i.f t-x.i sno nnr. ! i l . : l 1 1 . ., , . . . . ,. i I Last year oniy 122 national banks l were orgMiiu.ru, aim iir-n uggicgaic , capital .vas only $1 1, -.'40,000. ! Within the note issues 'isl eve:i veai'S bank! have df creased more I el". .I ll .1.1 I m iii.ritv f ! the 40;)i) hanks which have been organized in this country within the last ten y.- ar have been state banks not privileged to issue notes. The greatest increase in the num .11 .:.! Der OI uailKS ui i. Miiua xuiiii the la-t tw; years has been in the West. In 1887 and 18SS 18 i national banks, with nearly $-0,-j 000,000 capital, and CoO state banks with $14,500,000 capital, have been ! .. w fru I established in the Wert. the , ! South makes a gou snowing in . the same Iieriod. It has organized ; . ... ! S0 national banks, With 9,(IOO,000 n,l "1cfato hanL-u with' capital, and. )1G State banks, Willi $20,000,000 capital. These tigures: . , ;., t.i indicate a larjre expansion in tne btl8:uess of the South since 188(5. : , . i ka .i rnta tvinfcm.r IllSf iriltlOllP. jit- . iui.i .'"... " - f . , . rt)'li national an.i siaie, nave ucru ; profitable in the Smith of late vears From the facts stated tlx same ' authority ronclmles that business , matters must he in a nourishing condition, when from the simple source of loaning depositors money the banks remain in such a thriv-. inc I'ondltion. ;t ; or r.iA tint statr hanks will eventually uesire to issue notes, on.i that tlir notes will be upon inadequate security and liable to; degenerate into the o'd wild cat currency, and tnat me way io; "iianl against this catastrophe is to j provide for the redemption of bank .mua hv th rctirinir of the green- i back issues, and -the redemption WE Have oi notes with coin. The arguments J 'pjie funniest cornmedians, the of the Fconomist upon this part of brightest of boubretts. full Mando the s-ibiect are certainly open to! line orchestra sixty solid silver me raujriL, -c . . ! Swiss bells, the Spanish trouba- criticisi... If tne greenback issue . xwA &wX ocarina iuartet, has served to k-ep np the anomally j gnitar-f zithar, violin and banjo of flourishing linancial situation, players, Schubert string quartet, wit'iout coin redemption, it should i Music, burlesque, opera an.l nit.ioiu io n ii. ' , coined v, ail in one great pro mos: certainly be adhered to and , rani;t.. never be retired, for it can be tie-1 " kaY L. KOYCK is only equall- ncnded ujion to maintain that i (1 by Sol Smith Kussell. New ti ..r.r.nipnt th-it bank- i rleans Picayune, pisition. The argun.ent l.ui imuk j uminimons in crs 2nd no prolit m issuing cur-, pralse Crowds turned away rency because it does not comt; t ig,tlv during the San Francisco back for redemption is peculiar to j engagements. Secure seats early. sav the least. The general supposi tion is that bankers thrive upon the rapid circulation of money, but the assumption of the argument presented is that at certain times they will best thrive upon the method of clogging the circulation, in order to command a more usuri ous grasp upon it we suppose. At any rate it is difficult for an ordin ary mortal to discover the difference between the real currency pur chasing medium of a gold dollar and a dollar bank note or green back, when both are at par and likely to remain so. We opine that the general con clusion of the DeoDle wi'.l be to let well enough alone and continue! the greenback in the beneficent mission it has already accomplished and is still continuing to accoui- I plish. j Day bv day slips by and the i aixious watchers for news from the passengers on the lerman steamer, Denmark, lost on the Atlantic, are doomed to disappoint ment. ItNeemsto be a growing certainty that the ill rated .-teamer must be enrolled in the list of those who went down to the sea and were never heard from again. The anxious hearts grow sick and weary with waiiin, but no word conies. llHai"v ami Vnnlniillirttl, Cannot go ham' in ii:iinl if we n lie Iarli sMe ! i-vt-ry little .iI.mhoIc. Nothiii- wil" m il.wkeu lite ::ei make it a burden as Dytpepaia. Acker's Dyspepsia Tablets will cure the worst form of Dyxpepsia, Ciifctipa tiou and Indigestion, and make lif a happiness and pleasure. Sold .'t 25 and 50 cents by Foshay & Mason. A tresn lot of California full cream cheese just received at K. L. Kenton's. til CD. MILLER At Ilalsey, on Tuesday, April lfi, 1889. Nicholas Miller. Ins deceased was quite a:,'ed. He leaves a wife and fmiily of children, all jrrown. The funeral will be held to-day ami the reimini intened at the I'ine cemetery. .viz tv TO-J ft r. SEALED BIDS- SP.ALRB BIDS WILL BK KKCEIVKD BV THE BOARD of Directors of the Albany Street Rail way Compa.iT of Albany, Oregon, up to and including the 22d dar of April, lSSi). for the construction of a street railway iii said city. Separate bids will be received on eat'b proposition as follows: 1st, For all lunibei used in the construction of naid rord. 2nd, r'or all rails and for iron iiiatciiil used in construction of the roal bed. All material furnished to be delivered ou the line ot the nronosuHl ruad as directed bv the surcrin- I tendent of the of said comany. 3d, For i ...;i..:n. r....i ,Mili.fm th. rollini; stock. All mat- rial to be furnished by the coniaiiy. 4th. For furnishing all material, work and labor necessary to com plete stid road.led reaCy for the rolling ssock. All the material furiiixhe.1 and the work dene to be accord hi" to the plans and speciflcations now on file in the office nf the secretary of said coinpny here they ean be seen. Contractors will be required to 'ive bonds for th faithful perlorniaiice of their c hi tract. 'Ihe company tecerve the right to rejec' anv or all bills. All bid should e ad .I.m.mI to t.ni uh-rfLirv arAlltanv. Oregon. ! .l iii.pl-.il Ui.l for iIia iiitst rilif inn nt tne Alton Mireei r.anway. -v - C. O. BUhKHART. Seiretarv. IITTKI200 COKDS MAPLK TIMBER. 1 to be used for miuufictiiring chairs. For iMrti. ularw itiuiiira of O. A. Archibi tUt. i.-SLtMK- warehoune. Albany )r- iaid at on. Urnin Hie for Snlt. ;oO! Sl'Hl'LV .if Flltsr CLASS ' ilralu tile fomaient the huge brick and c'ne f&L-tor tast of Albany near Knox p.-ute. fall at the factory or nildresH l'ropts "!'. . i vregj.i ........ .v.. um,., ..... P- v7 O hu i-er or wellmlasf on short ihhil-c ' s'.oulii VJkU iiuoa VV. A. Mc-CUiu, CI arjfrs i. vtrv rcanoniilile. lr E. A. McALISTKR-HMKOI'ATIIlt: PIIY- j hifimi and MiirfTPon removed bin. ,..." -i r- i ..ii' ,M.ir..lla Klwt.- ill ialtii nrninfit. iv u.U'i.ueuio. i .mh.k a'TEi-AXY one U" having a iroodone w.U HnJa purthii bv ral.inz upon M. Member. Jj.None but riVst das cow nted. WIX"X & innSmifT dealers in M choice cfcaw. iu wviis, Karo a Cos ortlce. Fine imported ani Key West cijrars a j illltv. ! : i EMOval-johxsos 4 haxnals IX have removed their blacksmith shop iroui their oM quarters to ths corner oppo- jre Aa Marshall's livery stable, where t,,e bs found realy to do all kinds ot ....ru intlieir line cheaply aod promptly. TXr.M AT THE OPERA HOUSE A JKT ji allll woia pin ornam.nte(i with pearls i he owner can obtain the same by calling at Hrrald otticeaml paying charges. ... Trea It. Marshall. LEVELING OF ALL KIXOS. AL-1 ' bany Oregon. Agent for the Wright j Fann Level. Location ofdithe for tiling mi.wwwa rij.lalttf Orin.ru iirt. at. thf """'- offiue '"eire Vromyt attention. II r Iffl f r ,WI J Albany Opera House, One Night, TUESDAY A1KIL oo i ? k TH SUCCESS. l TH IIYKAI! brinip. j jl srccESs. ! EAR i . . . . . gjjjjjj Xr2JlSC01ltlIl9ilta.l T0Q? OK THE FAVORITE R0YCE & LANSING .MUSICAL COMEDY COMPANY 1 Vr uilvntirn ill nrii-t'S. jgjflrSoats on sale at Trackman's. Artisi' material at Mrs. IlyniHn's. Vvr AIT fo nni BEST ft q q q q 1889 1889 STRING J1D AND SPECIALl IE S - Ladies' Dress Goods and Trimmino s Thekrerest stock and greatest variety in price and .style I have, ever carried, and as good' value as ever ottered to thf citizen? of Linn county j Special Bargains In cashmeres in colors and blacks. Seersuckers, ginghams, ehambreys, French prints and wasli fab rics. A?i the novelti:s of the season in black and colors. I wi'l have something further to say about these in a few days. EMBROIDERIES, SKIRTINGS, FJouneings, and all ovws on cambrics, Swiss and India linen. I have just opened the laigest inroice of norelties in this line ever exhibited in this ei'y, and at greatly reduced pi ices. PIQUES, India lawns, nausooks in white. e-ru and colors, all at prices veiy much cheaper than ever before of lered in this city. TABLE In In-own find bltuthcd. iNew York at less than importers price, and am able ! 0 cru nroO(l DarGainS. O-S incll all llliell OM'aCllrtl at O O - 1 i x . ...... ... . . . . v , , 0 cts per yard and others TOWBLINGS Crashes, etc. All these goods I buy direct from importers by the bale,and can sell them much cheap er than if bought of jobbers towels I buy in quan tities in New York, and am oftenni' them at prices that are -ure to sell the goods LADIES COTTON HOSE Are cheaper this year than ever before. 1 have succeeded in getting some good bargains, all of which I am offering to my customers the same in Hisses urn The above is an outline of the policy I am going to da business on , and will endeavor to do my part towards securing the trade of Linn and adjoining counties to Albanv. and to keep up with the procession of the lively and growing city of Albany. I will have something to eay about Carpets, Boots anf Shoes, Groceries, And Other lines Soon. SAMUEL 3 q Hi$ 1889 11IT ) ill LAWNS, LINEN This stock I bollL'ht iu in proportion. Children's. E. YOUNG. 1CK mm loon f -L:ler the m miii'viMC or Parke - Wll KEEP j i A fuii Itue of rhii. l ituiiv nr xii- ami j rovM:ia J Catinea ririrfcpples, Olioics Table Delicacies ! rtmuiriitt'l i-akti r.ir ; Wcfftmms find i'avtifs. i Kt'Kret ai'i salt 'Iri: ! kiuJs. tmn miu mmu: i?:vMv L:av. j .TEAS and cot'lE caxnk." ins. etc; ,ne bast soa ii: the market Le Roi Savon. A fine assortment of aomestic and Imported Cigars Tikl JuhnJKi'i iiMJstainl new brick. iuv !'! ii'' HOPKINS k SALTMARSII, I' II! I ff STOVES- tare ii Mum, '" JflAll work promptly h.ne at j reasonable rates. First SmiKT, f Bi.ck LVIERCKrS" Till! 1) HAIR CU1TING and BATHS. TfiP'Kvprvthin'i new and neat. A clean towel for every u-t:i.cr. j FIKST STKEET BELOW ALBANY, i:i:vi;kk iioifK OKF.tiON A lonjc Felt Want In Albanvili:. ' cm ii'.Vtl !v t'.t.- SECOND BAUD STOR'". ThP :iJt v.';ir !.;' .i-wii ir !. t.c necessity. 'The cb- .i- place intlio city to Inj vnr Stoves, FLraiture. tinware We aie always prcpsir-u to iiuy yiut iiousehold furniture at the iiili;-' cash pr'.ce. Sole nen!' lor ihe PEERLESS And Lamp FlLLKK, i,. ;o n ; i i ii m Bros. i i Pliiiii & Pipe Fittin MnTUM O. W. SMITH, ISULVKSSOI: TO W. 11. UTARLAKU Has the Iai-geslStock of ST0YES In the TALLEST SUPERIOR PSTOVES AWD RANGES. J O Z 2 S 0. ARGAND A'ro a lar 'o .t-.a jipois Furniture .THOS.. BRINK Bcst Linc of ::e Io the Citv of Albanv! Fane Wickc. Chairs Lounges Parlor Comfce Poles Mirrors, Feather Pillows Serine Mattresses, Window Shades Walnut Exten sion Tables Suits! And v. ' you can't find at other houses, I hare it. In facteery- tliinc tlia kept in a 6ret-class house. i tsh. Mnpleanti Walnut Chamber sets, Chairs, CAmNOT bf ALRAN.Y Tuliu Joseph Manufactaucr of Choice Ciais A.V: PKAi.KK IX : m mmti and klv m li 1 It'jr ii i f is 1 i : T 1 1 full liDe of Sn ol.i ib' CALIFORNIA AND NVxt'dour t B'.irklrart A. Kt-on. A- NEW DEPRAT Haviuir iatoly seard very largeand desirable lirt'oi Lit eu. mu Ii s rJ n els, Napkins and Dnui.iNk :)t fxrredinuh low' pi ices, we .hall - h:sii ufi'i-r ihf ame;ar a SPECIAL SALE -FOK X' ' .'1 1: e:n: bu1 1: r . (i n. W'li !' x TEN LOW PRICES A r: Mi! ;iii ffginii en dre- u'immIs Out stock eVfi v if j .aMUU'iiT. House! undersold. OREC;ON .'. Jo'mI.ii- m4 Ii"m I'jii.ii Ailit ks. Al.-o ik-iiler in iFOPJfAL FKUI'lS. -y' Ff' Estate Office. All.criy Ob 1 T11K- DAYS call and vhow you fhall dis- ,- I j h. "of t II .( s:l V- '; (:'.;( )! and nr.broi- - 'M - s ami siNsoua'-le wool is mjw an! ciinplTe in - flNG STOVES .lie,
