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About Morning daily herald. (Albany, Or.) 1885-19?? | View Entire Issue (Feb. 6, 1890)
THE MOliNIXG HEHALD: TJ1I7KSDAY, FE151iUAl?Y 6, 181)0. TKIIM" A. N L WEEKLY slIBSCitli'TION DAII.V tv-ry murrinif except Monday.) ;-t j hv carrier, per week........... 0.1S 5 00 WEEKLY. ( Published every Friday Morning.) i c c opy. per annum, in advance. ......$.00 u hen nut paid in advance ... 2.f0 ' C30 A. Jl, TIIEJHAIL. Mails U the Albany rxstofflce close i'orall oilices north Die Kiotern status I The West Side f And the Nairow Gaujre II. K. ) For Portland and Salem 11 a. h ' Corvallitt and Yaijuina ...JiX)P. a office south.................. 7:30 r. m The postottica will be closed each evening . rcira six to seven o'clock. Registered matter for th (early morning .rain should he mailed before 8 o clock the vreyioua evening. OREGON PACIFIC TIME TABLE. Arrives Departs fasaenger ! 11.15am 1.00 p in Freight .f.........! 5.25pm I 6. .10 a KEHOVAL. The office of the Daily 'and Weekly IIeR.vld lias been re moyed into the Foster block up stairs in the rooms formerly occu pied by the Masonic lodge, where larger and more commodious quart ers have been fitted up. Patrons of the paper will please observe the change. NATIONAL BANK NOTES. As the extinguishment cf the National debt continues to be rapidly accomplished, it becomes apparent to all that some plan must be adopted to change the present law governing National Eanks, or they must cease to exist as banks of circulation, for the security of that circulation is based entirely upon the national bonds, and as the debt is discharged these bonds are of course cancelled. The payment of the debt and the can celling of the bonds will, of course, withdraw the bank notes, unless congress adopts sorre measure to continue them. Ex-Comptroller Knox has pro posed a bill for this purpose, briefly stated, the bill provides that banks may issue circulating notes to an amount not exceeding 75 per cent, of their capital, and that 70 ier vent, of this circulation shall be absolutely secured by the deposit of United States bonds at par, or at the option of the bank, that one half of such circulation of 70 per cent, may be secured by a deposit of gold coin or bullion or silver bul lion, at the current market price of such bullion at the time of deposit. The remaining 30 per cent, of the circulation is to be secured by the establishment of a "National -back safety fund." To this fund is to be credited $3,000,000 at the outset, viz., $1. 530,000 of Tnited States notes and $1,500,000 of the National bant redemption funds, thest amounts representing about one half of the lost and unredeemed bank-note. This fund is to te in creased by adding to it the semi annual tax of l.i of 1 per cent, upon circulation, and from the fund the circulating notes of insolvent banks, after the assets and stock holders' liability are exhausted, are to oe paid. This plan of Mr. Knox does not strike the careful thinking man, who looks at the benefit of the largest number of the people, without a judgment biased by the glamour of the money in fluence that the banks exert, as being one to commend. The cost of national bank notes to the people at present, is excessive, and there absolute security and universality of circulation are there only re deeming features. This plan vould certainly add to their cost to the people and to their profit to the bankers, a condition . that cannot be entertained. The National Bank note circulation, if it is to be continued, must in some manner be made more available to the people than it is at present. The Denver Republican, commenting on this subject gives some pretty sound facts. It says : "Why should the government lend its credit to the extent of 30 per cent, of their circulation to the National banks ? At present banks are only allowed to issue notes equal to 90 per cent, of the face value of the bonds they deposit as seenrity for their circulation, but Mr. Knox would reverse this scheme com pletely and allow an - issue . of 100 per cent, of notes on 70 cent, of security. Why should the govern ment lend its credit to the banks in any way? Circulation is not a necessary adjunct of banking, and a National bank system can easily be devised which will eliminate the element of circulation alto gether. If we must have paper money in addition to the gold and silver certificates now in use, why not have treasury notes for the full amount needed without having any bank-notes at all ? The best and most economical paper money ever known in the history of the world is the greenback circulation of the United States. It costs the i government nothing except for printing, and it is good as gold any where. As the country increases in wealth the security which sus tains the greenback circulation be comes better and bstter, and no stronger security can be imagined than the faith of the people of the United States which is pledged tj keep the greenbacks as good as gold always. So far as Mr. Knox's scheme applies to silver coinage it is a delusion and a snare. If the banks were permitted to deposit silver bullion at its coinage value as security for their circulation as a matter of course they would do so because there would be a large profit for them in buying silver at 95? .j cents per ounce and securing circulation at the rate of $1.29 per ounce. The increased demand thus afforded for silver would raise the price immediately as a matter of course, and the banks would reap a large profit on the advance. Mr. Knox contemplates no such scheme as this. He would give the banks the option of depositing either gold coin or bullion at 100 cents on the dollar or silver bullion at about 72 cents on the dollar. As a matter of course gold c.in or bullion would remain always as valuable as it is now, while silver bullion might sink in pi ice any day and the banks would naturally refuse to take the risk of loss involved in the purchase of large quantities of sil ver bullion." ONE TRIAL M.'.KKS A Regular Customer, MY COMPLETE STOCK AXO The Portland World, democratic, is in favor of Senator Butler's scheme to colonize the negroes in Africa, Probably if it could suc ceed in that scheme, it wo did next turn in to colonize all the white people in the country, who differ wuii it politically in Alaska or Samoa. Then it could have a fat time with the loaves and fishes. It wants but little here below, but that little is the whole world to itself and let it have it. IM0DEST PRICES Arc what does it. You ar coHially invited to be one o! them. C. E. BROWN ELL. The Celebrate! C U RE ,Uo 'APHRODITiNE" French r ranted cure or money refunded 8,51 AFTER BEFORE the itenerative organs of either sex whether arising from the excessive use of stimulants, tobacco or opium, or through jouthful indis cretion, oyer indulgence, etc., such as loss of lirain Power, Waketu'ness, Bearing Down Pains in the Hack, Seminal Weakness, Hys teria, Ner"ous Pros' ration, Nocturnal Omis sions, I.eucorrhoc, Dizziness, Weak Memory, Loss of Power and Impotency, which if neg lected often lead to premature old age arid insanity. Price $1 a box; 6 boxe5 fcr 35.00 Sent by mail on receipt of price. A WKITTKN Ul'AKAKTEE is Riven with every S5 order received, to refund the money if a Permanent cure is noteffectcd. We have thousands of testimonials from old and yountr, of both sexes, who have been permanently cured by the use 'f Aphroditine Circular free. Address T1IK ATII It O MKDH'IXK CO. Western Branch, Box, 27. Portland, Oregon. For sale by Foshay & Mason, wholesale and retail drugiiUU, Albany, Oregon. NEW TO-DAY. 11 OOM9 TO RK.NT AT MKS. IKBIU'II.LP.'s OX 3rd and Lyon streets. Lost In this citt, k oolb lockkt cost vis ing two pictures, with a stone set. The finder will be suitably rewarded by return ing the same to the owner, Chas. Riefcr. THAT TI.ACKING COUGH c.vx be so quickly cured by Shiloh's Cure. We guarantee it. Foshay & Mason. AtClRACY. NEATNESS. ALBANY ABSTRACT CO, The only complete set of Abstract Books and Maps in Linn County OFFICE IX THE COIHT HOUSE. w ANTED - TO BUY A SMALL S8C0ND-HAND COOK stove and dininn table. Address "S," Herald otflcc. HEAL THYSELF WITHOUT MEDICINE This can be done by aiding nature to remove all foreign or injurious matter from the system, by use of Dr. Wilford Hall's new hygenic treatment. Address J. B. Hughes, Agent, Albany, Oregon. PIOR SALE THREE GENTLE FAMILY horses, of good carriage, well broke for ladies to drive, either single or double. In quire at the City Stahles. HAY FOlt SALE-' -CLEAN CHEAT OH timothy, baied; will be sold in quantities to suit at reasonable rates for cash, at the stables of L. Senders. FOR SALE: A NO. 1 MILLINERY STOCK in a No. I location in the thriving city Business care will receive ful attention. entrusted to my prompt and care- BANK OF OREGON, ALBANY, OREGON. CAPITAL 930,000 Prenlftent II. BttYANT Vice Pre II. F. ME Kit ILL. lankier JAY W. BLAI.V A general bankiijr business trans" acted. Sight exchange and telegraphic sol Francisco and Portland, iransier uougm ana soia on jncw York, San Oregon. Collections made on favorable terms Low rents and splendid rooms. ulnrs address firm P. O. 'box 99, Albany, Or. of Alranv. For paitlcu X the Wilkins pit near this city must call at the ollicc of the Orciton I.a..d CD. and pro cure tickets. Itv ordrr 1 J. II. Wiikins. This Space Reserved -FOR- P EVKRE HOUSE, ALBANY, OR. CHAS ! Xv Pfeitler, Prop. Only hrst-eclass house iu the city. Largo sample rooms for com mercial men. No Chinamen employed in the kitchen. Ucncral stave ottire for Corvallis. W1 CIoiimp lo Bent. ITH WOOD FURNISHED IN THE wood house all ready fcr .use. Inquire at this otflcc. MONEY TO LOAN-HOME CAPITAL ON (food real estate security. For particu lars enquire of Geo. Humphrey. JULIUS GRADWOHLS For Sale nl $5 Each. A SICK LOT Of SCOTCH COLI.IR PCPS, WITH A little dip of English shepherd. They make the Tery best farm stock and watch dogs. For further particulars inquire of Geo. W. Gray, Dentist. . Drain Tile for Sale. A GOOD SUPPLY OF FIRST CUSS drain tile for sale at the Eage brick and tile factor' East of Albany near Knox Butte. Call at the factory or address Propts & Auston, Albany Oregon. 1 AHA CORIW OF NICE FIR WOOD 1UUU forsile by G. II. Kcency. STRAYED HORSE A MEDIUM SIZED bay horse, with a blazed face ar.d one eye out, about four years o'd, has strayed upon the farm of Daniel Houck, near Tan gent. The owner can secure the horse by calling t me pranM and paying cfi&rges. BAZAAR STORE! Thirdiward we Store s1 TRAYED OR STOLEN FROM THE premises of Denver Hackleman. rear Albany, axmt Sept. 1, three young geldings. branded thu HL on left shoulder. Two three year old and one two year old, the latter dark color, the others sorrel and red dish brown. Any information leading to their recovery will be suitably rewarded by tne unaersignea. ti. luku,- Albany, Oe. SECKKT SOCIETIES. A , O. U, W. Safety Lodge No. 13; meets Cx. every Monday evening at tne u. A. K. hall on Ferry street, between Second and Third. Albany, Oregon. Strangers in the city and transient brethren cordially invited to attend. McPherson Post No. 5, O. A. R. Stated meetings at the G, A. R. Hall on tne second and Fourth Friday evenings cf each monrb. Transient Comrades are cordi ally invited to meet with us B. F. Table, Commander Adjutant, E. C. PHELPS, COMMERCIAL, BOOK AND JOB PRINTERS. OVER WELLS, FARGO & CO'S OFFICE, ALBANY, OREGON. A share of the trade In this line solicited. Call and see samples. Administrator's Xotlee. NOTICE IS HEREBY GIVEN THAT the undersiuned administratrix ,nd administratorof the estate cf D. P. Porter deceased, have filed in the countv court of Linn county, Oregon, their final account in the matter of said estate, and said court has appointed Monday the 3d day of March 1&96, for the hearing of objections to (aid account and the settlement thereof. P. G. Porter, Administratrix. F. H, Pouter, Administrator. Having purchased this popular es tablishmcnt I am now prepared to dll any orders in the grocery and pro vision line, A fnll stock of groceries kept constantly on hand. The highest cash price paid for all kinds of coun try produce, or will exchange goods tun ime. come one, come all. CHAS. ESSIG- E. G. BEARDSLEyT Real Estate and Inturance Agent AND NOTARY PUBLIC Broadalbin Street. Albany, Oregon. W. C. NEGUS, of the Roval Collecre of DR. Graduate London, England, also of the Belle- vue Medical College. The Dr. has spent a lifetime of study and practice and makes a spe cialty of chronic diseases, removes cancers, scrofula enlargements,tu-nors and wens, without pain or the knife. He also makes a specialty of treat ment with electricity. Has practu ed in the German French and English hospitals. Calls promptly attended day or night. His motto is 3 "UUOD WILL TO ALL." AVOffice and residence Ferry street, Detween j. nira ana f ourth. Notice of Dissolution, NOTICE IS HEREBY GIVEN that the late firm of Hopkins & Saltmarsh, composed of T. G. Hopkins and George W. Saltmarsh, is this day dissolved by mutual consent, the said George W. Saltmarsh retiring. All the liabilities or the firm are assumed by the said T. G. Hopkins and Mary Saltmarsh, a copartnership this day entered into under the firm name of Hoikins &' Saltmarsh, and the said last named firm will collect all out standing nccounts and claims of the late firm of Hopkins & Saltmarsh. Dated this January :n. xw. T. G. HOPKINS, GEORGE W. SALTMARSH. ( STEW AM1 & ml -.Dealers in- iGeneral 1889 m ithiu'w Sale 8! H a r d w a r e AND- Agricultural Meiiieiit&. 1(1 lll;r comiuciu-i- Jauuai v 20th a ! i-jiii!r stock I will GRAND CLEARANCE Iron, Steel and Coal Wagons and Buggies Rope and Cordage Blacksmiths9 Sttjiplies Carpenters9 Tools Builders9 Hardware', Powder, Shot, etc. Giant Powder & Fuse Saws and Axes. Garden and Ofrass ocas Aid all Implements Used by Fanners! S SPRINGFIELD SAWMILL A. WHEELER, SPRINGFIELD, PROPRIETOR. SPRINGFIELD OREGON JT'Albany yard and office on Kailroadhctween 4lh and 5th streetsS2 A.; Wheeler, Albany Manager, Having lumber not excelled in aualitv. end facilities not . .-x : r .. 4 .- 1 1 J V .... ' . V hm.ij.l iuu saii3iai.-i.ury uuiuz or oruers. i respeciiuiiv solicit a siiare or the trad- a, WHEELER ALBANY ON IIS, Manufacturesteam engines, gristjand saw mil. machinery, iron fronts and all kinds of heavy and light work in. iron and brass castings. Special atten tion paid to repairing all kinds of machinery. Patterns n ade on stort notice. E. F. SOX,k"-ident. C. H. Stewart, t-'ecretary. Tulius Joseph Manufacturer of Choice Cip-ais lieiiK'iul'er this means everything in stock I mus have room, and we do not purpose to let Portland or any other city beat us in prices. We want to see you all and will save you money. SPECIAL BAIMxAIHS IN CLOAKS. GENTS' FURNISH INC GOODS. GENTS' NECK WEAK, GENTS HOSIERY, UMJ$RELL.S, HOSIERY, ; LA PIES' DRESS GOODS, i LADIES' FANCY GOODS, LADIES' UNDERWEAR. I LDIliS' HOSIERY, ! LADIES' NOTIONS, TCtt CURTAINS, ETC.. .ETC. BEAD? Albany, O'epoo. BARROWS & SEARLS, Dry Goods, Notions. Gents Furn'gs -AND DEALER IN- FINE IMPORTED AND KEY WEST ;ars. Plug iind Smoking Tobat c os, Meerschaum and Briar Pipes, full line of Smokers' Articles. Also dealer in CALIFORNIA AND TROPICAL BFK0I1S. Next door to Pffeiffer's candy store, Albany. Oregon, HI- 0". JOE"ES, GeneraKBookseller and Stationer. NEXT DOOR TO FIRST NA Tl ONA L BA UK. Subscriptions received for all the leading newspapers and mag azines. Illinois Furniture House! THOS. BRINk Best Line of Furniture In the Citv of Albanv ! Fanc Wickto. Chairs Lounges Parlor Cornicfe Poles. Mirrors. Feather Pillows Srin Mattresses,! Window Shades Walnut Exten7 sion Tables Suits. And -at you can't find al other houses, I have it. In factevery- thihg thac ia kept in a first-class houscf Ash Maple and Walnut Chamber sets, Chairs, Spring Beds, Lounges Etc., Etc., at Prices that CANNOT BE UNDERSOLD AN1 BOOTS and SHOES AGENCY FOB THE1 LUDLOW Ladies Fine Agency for Shoes. Also BARROWS BLVMUERG BLOCK, M. D. WELLS & CO. Boots and Shoes.2 &iS EARLS. gg Perfect .Wb Mn. J AHir.nNCMTOamniiL Foshay & SOLD BY ALBANY OREO The City Liquor Store, 31. BAU3IGART, Proprietor. tTSexi door Co tho Odd Fellows em pie, AlbanyJBOiwgtmSs Keep constantly on hand the flneat imported anddomcitic w tea. I:t,t i onlv orat-claa iiqnir mere in sn city SPECIAL AJTEKT'QN PAID TO ORDERS FROU THE COUNTRY Tho Leading PHOTOGRAPHERS iV'e have h t's ht a to date (Nov i . 1S8 duced rates c air which dnplic l cat cf this state, .:: do shall be ple A to Masot ic Tea , . A LEAST, OREGON, he negatives made by L. W. Clark and Greenwood op Duplicates ean be had from them only of us, at f iave about 1J?00 negatives made by ourselves, frm m? had at like rates. We earry the onlT full iine of vteer :arsedworkat lowest rates for ' firet-class work. We ; oh at cur studio ia Froman'a Wock, next 'door to fbe
