THE CORVALLIS G42ETTI Published Tuesdays' and 'Fridays by," Gazbttb'Pdei.ishing Company. x ; - The Subscription price of the Gazette I or several years, has been, and remains $S per annum, or 25 per cent fliscjpunt if paid in advance. - This paper will, be continued until all arrearages are paid. ' CENTRAL BANK OF ISSUE. The Congress of the United States has again convened and the President's message has been read and placed before the mem bers of that body for considera tion. The message is of great length and treats on maVy sub jects. The need of. an elastic currency is a subject the Presi dent dwells upon, he having prac tically advanced the same ideas in a former Message. The occur rences of the past four weeks bring vividly to mind the ques tion of making changes in our currency system. While some remedial legislation is nseded, yet the misuse of the present is more at fault than is the need of new currency legislation. If Congress would first correct the abuses in the use of the present system it would go a long way toward correcting existing evils in the lack of a sufficient volume of currency about which so many people now complain. ; After these corrections are properly made and tested it would then show what was most needed ia the way of further legislation to increase the volume of currency in cases of emergency. , No matter to what volume the currency may be incrca ed, if op erated under a system where the present abuses could be re-en-enacted, there would be no guar antee against a repetition of thej difficulties heretofore experienced during the several financial de pressions. It is safje to say that the pres ent Congress will not mature anything along the lines of cur rency legislation, because there are so mary plans offered where in exist impractical conditions, which, if enacted into la w, would not work out the remedy sought by the advocates of the different measures. A plan favorably considered and recommended by the large financiers in the clearing house cities is for Congress to pass a law under which the Central Bank of Issue can be established, owned by stockholders, governed by directors elected by the stock holders, together with certain officers appointed by the govern ment, having co-ordinate powers with the directors so elected who - hall jointly serve in the govern ment of the bank. This bank is not to engage in thegeneral bank ing business, but to be used as a Central Bank of Issue, authorized to issue additional currency when the demands of business and the people require it In some respects this would seem a commendable plan, but in the light of past experience it would seem that this Central Bank would probably he located in New York, where all of the high rolling financiers live and operate. The stockholders of the Central Bank might possibly be of the same class of stockholders or composed of bheir warm friends and business sympathizers. Since it has been found that less than a dozen of these financiers can tie up the whole financial conditions of this great country, why could they not tie up the operation of a Central Bank of Issue and also try as completely at their mercy as heretofore ? ' The only hope for the country is to cut loose completely from every scheme which depends on New York financiers for. relief ton the people of this country. This question will become one of su preme importance to the people of this country against the finan cial domineering "by the high financiers of New York before the financial relief desired will be complete. If the financiers of New York have juggled the resources of the large insurance "companies, the surplus and accumulations of which belong - to ; the people throughout the world whose lives are insured in these companies, and prostituted their sacred re sources to their selfish purposes, what is there to prevent them from converting the purposes and output of a Central Bank of Issue to the same unlawful purposes? When the stock gamblers in New York tied up and cornered all the circulating medium they could and positively refused to pay their western creditors, the Secretary of the Treasury rushed to New York and put considera ble of his spare treasure into the same hole and the same financiers set down upon the valuable treas ure so parted with.: This would not have been quite so bad had the New York financiers shipped the money west where it be longed. If the Secretary of the Treasury had sent the money to the western banks it would have brought relief to the whole coun try. The action of the Secretary is not so much his fault as it is of an imperfect law and precedent established by his predecessors. The law should be so framed that the funds disbursed by th Sec retary would be more equally dis tributed throughout the United States and among the banks ac cording to the needs of the people. The sooner the. Government and the people cut loose from New York domineering in finan cial matters, the more easy will become the task of settling the question which now seems for midable in the way of currency legislation. The United States ,had best adhere to the present National Banking System amend ed in some way to permit these banks to issue additional currency in case of need similar to that adopted by Canadian banks and the banks of other foreign coun tries, and when the emergency has been supplied cause it to be retired. are more influenced by political considerations than by those of the public; good. , Another reason for postponing tariff revision is because"" otodis matters of great moment insist ently demand congressional con sideration and action. The cur rency control of - corporations engaged in inter-state commerce, are subjects for legislation quite as important, to say the least, as tariff revision and far more ur gently requiring legislation. x We may expect a loud and uni ted wail over the iniquities of the tariff and a perfervid flow of va porous rhetoric tin describing the paramount ? moral and economic importance of tariff revision. , '-. i Let no one be deceived by such rhetorical pyrotechnics ; they are setoff by free-traders angered by the assurance of the President that"this country is definitely committed to the protective svs- tem and any effort to uproot it Groceries Crockery Cut Glass Silver Vare Thatcher-Johnson Co. Additional Local. NOT THIg SESSION. There will be no general revis ion of the tariff this session of congress. rroDaDiy no one ex pected there would be. It is pos sible that some products may be given a lower rate, as wood pulp fop the manufacture of paper. The President recommends the repeal of the duty on this product, but as the greater part of our im portation of pulp is from Canada, and Canada exacts an export duty on it, we cannot safely permit it to enter this country free or prac tically so, until Canada takes off her export duty. " I There are weighty reasons why general revision of the tariff should not now be undertaken The President names one. "It is a year preceding a Presidential election, and experience has shown that at such a time it is impossible to'get men to treat it from the standpoint of the public good." This is scarcely nore true of tariff than of much other could not but cause widespread industrial disaster." Here is the statement of two truths. The country is definitely committed to protection. No party may ad vocate free trade or assail pro tection with the purpose of up rooting it and hope for political preferment at the .hands of the American people. "' It is historic ally true that every attempt to destroy protection has caused industrial disaster. The tariff will be revised, pres ently, and be better adapted than it now is to our changed indus trial conditions, but it will be re vised by those who believe in the principles of protection. ' Sometime we shall take tariff legislation out of the field of party politics and treat ic as a question of practical political economy. Mere academical theorists will then have small influence in fix ing tariff schedules ; these will, be adjusted by men who know the difference between theoret ical and practical political econ omy. When this is done little will be heard of free-trade Holiday line of pictures on dis play at Hollepberg & Son's. 97-4 A. S. Welisof the class of '04, OIC, and Miss Gertrude Moore were married in Salem last Wednesday, . Congratula tions are extended by Corvallis friends. Complete line of beautiful holiday stationery, P. O. store. 101 A western woman with a- knack for Eurres has discovered that she walks over seven miles a day while performing her ordinary household duties. We would like to see ber estimate of the miles cov ered while trying to match a bit of rib bon. Ex. .-. - i Wilson's tails. Cafe for oyster cock-9tf .A popular musical event is scheduled to occur in college chapel, Friday eve ning, Dec. 13th. It is a pupils' recital under the direction of Prof. Taillandier, and music lovers will be certain to take advantage of the opportunity. Admia sion is free. Wilson's Cafe for all kinds of sandwiches. 97tf Coming Soon. The Slayton Jubilee Singers will appear at the Corvallis .opera house. Thu sday evening, Dec. 12th. They are undoubtedly th best company of jubilee singers that travel through the west. This is the second number oi', the course given by the Corvallis Lyceum management. It has been arraugeJ so that those who have not yet secured season tick ets may do so tor $2. Tickets on sale at Graham & Wortham's, today. The Chicago Inter Ocean says of them: , " Old Plantation Days was giv en by dlayton Jubilee binaers. as the curtain rolled up it showed the company in dren?es and suits which might well have been worn amid the cotton fields and corn. KTheysang old melodiesand hymns which even today may be heard in the South, and sang them with sach pathos that the audience re called the singers again and agaiti." A Good Trade. legislation. Appropriations, practically corner the output of made in such years for the im- the Bank and hence put the coun- provement of rivers and harbors plication Every boy, no matter how rich or how poor bis ancestry, should learn thorough ly some good trade, eo that if his circum stances become reversed at any time he could immediately do service at his trade and start again on a successful road to prosperity. The printing trade is not only artistic when completely learned, but it is also highly educational in every particular, and one of the best trades that anyone can learn, as opportunity for labor is ever ready each working day in the year. There is one of the best opportunities in a'l the land for a young man of steady habits, good principles, well educated having a will to work and excel, to learn the printing trade in the Gazette office Proper explanation will be gi ven on an 1 67tf ins meeting or uregon Dasiness men at the Portland Commercial Club on the 1st followed by the announcement of Gov. Chamberlain that the present holi days would be discontinued after the I4tb, bave been 'he most discussed events of the week. That the representatives from forty ommnnities should unanim ously unite in resolutions forcefully ex pressing confidence in the outlook and financial strength of the entire state is in itself indicative af constantly bettering conditions. LOST DOG Blue Llewllyn bird dog with black spots en his feet and one ear b isck. VV ill give suitable reward for his return to me at Corvallis. F, H. Bar- den. lol Chief of Police We!' wVieg to ci" he attention of bicycle riders to the fact tua1 it is against the law to ride without a Iir,nt on the wheel after dark, and any one caught violating the law will be prosecuted. It is also against the law to ride on college street and riders on the sidewalks must dismount one block west of Main street or they are liab'e to a fine, An old gentleman was nearly run v by a wkeflnran wi;hct a light, Sunday night, and one wheelman has paid a fine for riding up to Main on the sida streets. Police Wells mentions these things as a warning. M. M. LoDg has a complete line of dolls and other toys for the hoh day trad. Prices away down. 101-2 tiiye as yonr band, Mr. rirmar, we are proud to know you. We called ta von in our distress aGd right nobly have yon lesponded. It's you with your bump er crops who -have brought the shipe from "The Chalk White Cliffs of Albion" to Portland's harbor, who will leave geld for your produce. We are proudly ex hibiting your world famous apples. Here'ato yoa, Mr. Farmer, yonr faithful wife, your sturdy sons and rosy cheeked daugbteis. Long may you live to enjoy the reward of yonr labor for you have saved the . day the credit of Oregon you've made good. Ex. WANTED All kind- rf -ewing. Ioquire at residence of Floyd Lane. Mrs. Ida lileason. 95tf A Michigan editor grew tired ot wieH- ing the whitewash brash in the maer u. obituaries and decided to reform and tell the truth just for once. He commented as follows upon the death of a well known citizen: "Died aged 56 years, six months and 13 days. Deceased as a mild mannered pirate with a mouth for whiskey and an eye for boodle. He came herein the night with another man's wife and joined the church at the first opportunity. He owed us several dollars for the paper and a large meat bill and you could hear him pray six blocks. He died singing "Jesus Paid It All" and we suppose He did for he never paid anything himself. He was buried in an asbestos casket and his many friends threw palm leaves into the erave for li may need them. His tombstone will be a favorite roosting place for heot owls." Ex. .Fresh Yaquina Bay oysters eveiy Saturday, at Thatcher & Johnsoo's grocery. 86tf LOST Wednesday night in. the poBtoffice, a $5 bill. Finder leave at Gazette office. Darwin Carnegie. ..... . - 101-2 THE Presbyterian ladies will hold their annual sale next Saturday, December 14, in the' room formerly occupied by the Wells Fargo Co. in the Occidental build ing. Besides articles of fancy woik and aprons suitable for Christmas presents, they will have their usual supply of home cooking and homemade candy, and at the noon hour will eerye sandwiches and coffee for 10 cents. Remember the time and place. 101-2 ALL MEMBERS of the MACCABEES requested to be at lodge Wednesday eve-' ning as there will be election of officers. 101 Papers were sent to Portland Tuesday, providing Tor involuntary bankruptcy of the Lasselie Packing House Co., of this city. There are said to be claims amount ing in all to 25,000 er $30,000 to meet which there are four or five carloads of prunes in the East and some here, per haps 97,000 or $8,000 worth. An effort will also be m.ide to set aside the trans fer to the Title Guarantee and Trust Oo. datcl May 2, or the ground that most of these claims were contracted without knowleege of the deal, witheld from record for over six months. Among the creditors are Roner Eros., for about $2600, C. G. Rawlings $1100, Mr. Howard of Myrtle Creek $i300, C. 8. Harnish $1200, Mr. Wright of Jefferson $2400, Moon & Co. of Portland $600, P. W Spink $250, Stewart & Sox Co. $130, M Ludwig $51. The.matter Is generally r- gretted, as the packing house is a great thing for the city. Democrat. 1 DON r FAIL to attend the P s'l' ter lan ladies' sale, r-.nrday, in Occidental building. 101-2 Armour riate iiositry, tor men women and children, bet uiade, di reot from the mill, and sold by Henkle & Davis. lOltf A dispatch from Oakland, yesterday to Mr. a-"' Mrs. John Spangler announced tbe arrival of a ten-pound .girl at the home of Mr. and Mrs. Mark Spangler. Notice 'for , Publication. ; United States Land OAK. Roaebarff.OrapoK.JnH M. ifin7 Notice Is hereby riven thmt in coir pliance with, tbe provisions of tbe Act of Congress of June S. 1858, entitled "An Act for the sale of Umber lnci in the States o' California, Oregon, Nevada, and Wash ington ler'-torv," aa extended to all Pnblie ln States by act of August 4. 1S!V. LvtUa J. Hawley ot .Monr w, County of Be item. Stat of Orecon, file- i thw offlc on April , 1907. her worn statement Vo. iui ins puicmwm tne Southwest Quarter-af . - -.uhnsiufi iia i.- cioain of Kftnra No. Vtese V M Ore , and will oSr proof to sbow that the lai ' -ought ia more valuable forita tin ber or stone tba .'or agricultural purposes, and to ee tab-lull her cla.tn to said land 1 lore W. W. Calkins, IJ. S. tJommissio-ier, at his office in Euejene. Oration, on Monday, tne 4tl day of November, 1BOT. Sheuanesae w cp-ases: LeonKiaa H. Hawlevnt Monroe, Ore .hi and Sam Eovn, Altred Rycrart and M. P. Rvcraft. all of Alsea. Oregon. Any and all persona elaituine; adversely the above described hinds are requested to Ale their elaima ia this office on or before said 4th day of Novembers 1907. i ' BENJAMIN L. EDPT, Register. Notice- to Creditors. Notice is hereby given that the undersigned has been duly -confirmed and appointed executor of tbe Last Will and le3tamcnt and estate ofMarr A . Moore, deceased, by the county Court of the State ot Oregon for Benton County, sitting in probate. All persons having clai lis against said estate are required to present the same, duly verW fied, to me at my residerce in Corvallis. Oregon, or at the law office of E. Holgate in Corvsllis Ore. gon, within six months from the date of the first 1-ublicatlon of this notice. Dated at Corvallis, Oregon, this 24th day ot September, 190".; 79tf , Minor Swick, Executor, Notice of Final Settlement. Notice is hereby given that the undersigned has filed in the County Court of Benton County, Ore gon, his final account as administrator ofthees tate of Alexander Bennett, deceased, and that Sat urday, the 9th day of November. 19o7, at the hour of xi o'clock in the forenoon of said day has been fixed and appointed by said Court aa the time and the Countv Judge'a office in the County Court House in Corvallis in stid County and State aa th place for hearing objections, if any, to said account and the settlement thereof. All persons interested and desiring to object thereto are notified to fila tf-eir objections thereto in writing; with the Clerk of said Court and. appear at said time and place, . Bksnbtt, As Administrator of the estate of Alexander r,nett, deceased. ... Hatt Card of Thanks. i.Ir. and Mrs. S. A. Hall wish to ex- toad thanks to their neighbors, friends and the W. R. C tor the kindness and sympsthy shown tbem during their late bereavement. NOTABLE MEDICAL DISCOVERY Of Special Value to Many Here in Corvallis. One of tbe most notable discoveries and one that undoubtedly appeals more than anything else to many people here ia Coraallis is the combination of stomach remedies in tbe Mi-o-na treatment. This prescription has worked wonders, and there is now no excuse for anyone suffer ing with indigestion or weak stomach. . It acts specifically upon the muBc'es of the stomach and bowels, strengthening and stimulating them so that theyreadily take care of tbe food that is eaten. It al so increases tbe now of gastric juices, thus getting from the food the nourish ment that is necessary for health and energy. The eymptoir" of indigestion are num erous, such aa distress after eating flatu lence, heart-burn, sick headaches, dizzi ness, and irritability. These are all dis pelled by a few doses of Mi-o-na when the trouble is recent, but just as surely in long staading and chronic cases if the treatment is followed for a reasonable length of time. So positive are tbe good effects follow ing the use of Mi-o-na that tbe remedy is sold by Graham & Wells under an abso lute guarantee t refund the money if it should fail to cure. Printer Wanted. In the Corvallis Gazette office a good, all-round, thoroughly experienced print er. Must be industrious, steady, free from all stimulants and able to produce profits. A young or middle aged mar ried man preferred. State age, experi ence, references, wages desired and all other necessary information, Addrets Corvallis Gazette, P. O. Box 26, Corval lis, Oregon. 89tf Notice for Publication. . United States Land Office. Portland, Oregon, October, ta, 19O7, Notice is hereby given that In compliance with the provisions of the act of Congress of Tune 8, I878, entitled "An act for the sale of timber lands m the States of California, Oregon, Nevada and Washington Territory," as extended to all the Public Land States by act of August 4, 181)2 Mrs, X. erz.-m of Portland, county f Multno mah, 8tate ofOregon. has this day filed in this office her sworn statement. No. 7tioj, for the pur chase of the Northwe t qua, o?r of Section No. 32, inrown8hip Ko. 10 South, Range No. 5 West, and will offer proof to show that the land sought is more valuable for its timber or stone thpnfor agricultural purposes, and to establish her claim to said land before Register and Receiver at Port, land, Oregon, on Saturday, the 18th day of Janu ary, 19O8 She names as witnesses: Mrs. Minnie Hack of Monmouth, Oregon; Mr. Will Mack of Mcumouth, Oregon; Mr. -T. . Olson ot Corvallis, Oregon; Mrs. J. C. Olson of Corvallis, Oregon. Any and all persons claiming adversely the above described lands are requested to file their claims in this cff.ee on or before said 18th day o! January, 1908. 95ft Algernon S. Drrsskr, Register. The Best Quality of PIANOS and ORGANS At the Store of GRAHAM & WELLS' Corvallis, Oregon CUSTOMERS Are requested to call and see them be fore purchasing elsewhere. THIS OLD RELIABLE HOUSE will sell their FINE-TONED INSTRU MENTS FOR REASONABLE PRICES instead of charging you extra to make up for high city rents, railroad fares and hotel bills for traveling salesmen. Music Loving People Can purchase these reliable goods ia their home town. If there is anything you do not understand you will find the sellers near your home. Own YourHomc THE First - National - Bank of Corvallis has some TOWHEMKTS Near the State Agricultural College which you can buy on the INSTALL MENT PLAN or for cash. Save Ten or Twenty Dollar per month and pay the same on a town lot. Thereafter BUILD YOUR HOME on the lot and continue to make these small monthly payments on the home and you will soon have it paid for and have no more rent to pay .J For information address W. H. SAVAG Corvallis, Or Jersey Bull For Sale. Descended from Grand Coin and Gold en Glow : imported cow testing 18 lbs batter fat in 7 days with first calf. Ad drees, M, S. Woodcock, Corvallis, Ore gon, 72 t BUY XMAS PRESENTS NOW At Great Saving:. Sale on in All Lines wow Established 1864 J S. KLINE v t .