ISSUED EVERY SATURDAY BY j. A- DOUTHIT, Publisher. SUB8CBIPTXON RATES. DAILY . One Year, by mmil. Six Month Tare Mooothl $6.00 3.00 1.60 WEEKLY One Year, by mail but montbs . All Sabaciiptlons Payable In Advance, 76 SATURDAY . AUGUST 8, 1896 GOLD AND ITS BURDENS. The entire issue of money In the United States on October 1, 1895, (the latett sUtutics we have at band) was 2.215.442.650. Seeree ated into the different classes of money, it wa9 as follows: ." Gold eoin... 1566.100.8)8 Standard silver dollars ...... 4S.289.309 Subsidiary silver - 78.291,880 Gold certificates 50,748,909 Silver certificates. ..... ... . . 838.897.504 Treasury notes (act 1890) 143,666,280 United States notes-.-.., . 846,681,016 Currency certificates (act 1872) . ." 67,615,000 National bank notes 212,851.984 Of this amount $629,849, 141 were held in. the treasury, and 81,585,593,509 were in circulation. Estimating that the "8499,581,189 of-standard silver dollars , and subsidiary coins, at their bullion value of 50 cents on the dollar re' - present 8250,790,294 of real money, the presumable ' burden which the 8556,100,818 of -old bears is very nearly three dollars to one. That is the labor it performs is to support 81,408,451,238 of fiat For every dollar of paper and one-half the exchangeable value of the - silver is maintained at a. parity with gold simply because it is redeemable "in that metal. If such a system were applied to private business it would be considered hazardous, risky, wild. How long would the outstanding paper of any bank,' corporation or individual, redeemable on sight, remain at par if backed only by one-third the value, in property or money of the amount out standing? No class' of property, whether it is gold or other chattels, can sustain suob a burden for an indefi nite length of time. But under the resumption act, the gold'reserve of the treasury is made to bear even a much greater burden, one that is out of all reason and contrary to business experi ence. . According to the provisions of i this law the 8100,000,000 gold reserve that is supposed to be in the treasury at all times, furnishes the basis or med- . ium of redemption for. the $1,408,451, , 238 of fiat money, a burden of over $14 "a flat s atia ft skA.tial Traliia The financial world recognizes that this burden is too great and cannot be long endured; hence the financiers of the country recognize that one of three things is necessary in order to retain the stability of the currency. There must either be a greater gold reserve me amuuub ui ' uircuistiiiug uicuium must be reduced, or some other basic - money must be substituted. There is but one method by which the gold re serve can be increased, that is by buy- - ing more gold on interest-bearing bonds. The same is true with regard to -'reducing the volume of paper money that is in circulation. To call in any part of the silver certificates, . treasury notes or United States notes, the government must have metal - money with which to redeem them; t. - I .1 J3 ' M ..iu,nM mntnl money, under present existing laws is by the sale of bonds, for all issues of the government are" made receivable for internal revenue and tariff taxes, therefore taxation cannot be relied v ' TVa ..isiiAn than HaAlffAl 1 fa A I f j into these conditions: . The issuance ' ni.ntf t.ha crnln MflapvAnntAftn ftmnnnt 1 1 - vat wiu ruraisn reasonaoie security m - . , . . . . t , jor mo ouuswoaing aat munev, we ; burins of sufficient eold on interest- bearing pnds to retire the greater JJUruuu ill uurfB(wr Buraev, ur suir stitution of another metal as the basis ' of our circulating medium.: The gov ernment cannot accomplish things that are Impossible to Individuals, and since no individual could make the limited amount of gold we have bear the burden that has been forced upon it, the same is impossible with the government. . AN' IMPENDING CRISIS.' The San Fan Francisco Chronicle has become one of 3rAjaiffcat calamity v. Jwrtsr In the nation, and sees the direst destruction awaiting the nation and all over free institutions in case " McKinley is defeated. It draws this picture of the situation : - "The Bryan democrats and Watson Populists are forcing an isssue upon the country whioh is not unlikely to transcend, in its importance, those of the currency and tariff. It is an issue of public safety from the misrule of fanatics. In this canvass the respons . ible and sober men of whatever politics are gradually getting on one side; and on the outer are au tne wiia-eyea cranks who wish an enacting clause put to their fads and their empirical - schemes for making the idle man happy and rich. The cave of Adullam had In it eyery one that was in die tress, every one that was in debt, and every one that was discontented, but the ' cave of populist-democracy, ' be sides all these, has gathered in every one that is insane and every one who has a grudge against public order and every one who has a new political philosophy. The Altgelds and Till mans of the Chicago convention are now re-enforced by the 'Cyclone' Davises, and 'Calamity' Wallers, and 'General Coxeys:' "It is men like these who would feel indicated and put in a position to as sert themselves in the affairs of govern' ment if the Chicago or the Chicago and St. Lonls ticket should be elected. Washington would be full of them on the 4th of March. Altgeld would be there a promising candidate for a seat in the cabinet to demand legis lation against federal authority over mobs. Tillman would be there with a bill foa a national gin dispensary, pat terned after his state barrooms in South Carolina. Peffer would be there to work the harrassed farmers out of debt by putting a government blanket mortgage over their entire holdings. Weaver would be on band to ask for silver monometallism. Henry George would be in the lobbies of congress proclaiming . the silver tax. The 'cyclones' the 'calamities' and the commonweal 'gtnerals' would mass for an attack upon the -supreme court, while the followers of . all their schemes for government paternalism, free homes, direct legislation through the referendum, a price-of-labor gauge for salaries, and heaven knows what , else, would create a political pandemonium the like of which no country ever saw before ex cept France in the days of Jacobin ex- ( cesses. Four years of the rule of such men would strain the safeguards of this nation to the snapping point and justify Henry George's jubilant proph ecy of the struggle wider, deeper, and bitterer than that over chattel slav ery." Were there any foundation for such assertions as these the outlook would be somewhat gloomy; but there is no likelihood of Bryan calling around him as his advisors such men as Altgeld, Tillman aud Peffer. He has nothing in commini with them. He la not beholding to them for his nomina tion, nor will he be indebted to them for his election. Admitting, however, for the sake of argument that Bryan may heed the counsel of common psople of the coontry, and may per chance call some homey-fisted son of toil into bis official household, then compare the influences that will sur round Mc ntinley, in case of his eleotlon and judge which will be most closely allied to the interest and welfare of the masses. Judging, from those who are most ardently advocating Me Kinley's election, he will choose his advisors from amon; the plutocracy of the nation. Such men as Han Da, Piatt, Quay, Spreckels, Huntington and the Vanderbilts, the representatives of the railroad, and manufacturing corpora' tions, the syndicates aud trusts whose purpose is to make themselves richer and the masses poorer. What effect would four years of rule of this nation by the corporations have upon the common people? What kind of schemes for government paternalism would be engendered under their dic tation? What favoritism would be ex' tended to the classses that have al ready grown rich from the paternalism of government beneficience? Mc Kinley is mortgaged soul and body to these influences; his nomination was secured through their influence, and his election can only result through their aid. Four years of their rule through him will Indeed strain the safeguards of this nation to the snap ping point, and will bind the common people in a more complete bond of ser vitude than were the southern slaves prior to Lincoln's emancipation proclamation. LET US ACT AT OSCE. The waters of the noble Columbia have receded so that work could once more be commenced at Cascade Locks, an abundance of money for this pur pose is available and we understand the engineers in charge have arranged with Day Bros, to prosecute the work of completing the canal and locks, but not a wheel is being turned or a stone being moved, why nobody except per haps the government engineers can tell. Were work commenced at once, the wheat crop would be ready to move long before the canal would be in readiness for operation, but with sufficient energy exerted in prosecut ing the work a considerable amount of the wheat crop might yet be carried through the locks this fall. Though from present indications it does not appear that the engineers will exert any energy in this direction if left to themselves; therefore it behooves Eastern Oregon and especially The Dalles to take a hand in the matter. There can be no excuse now for de laying the work longer, and we be lieve if the matter were properly pre sented to the war department work would be commenced at once and rushed through to.completion. If The Dalles would employ a competent agent to make a thorough Investigation of the situation, both at the locks and in the chief engineer's office and report the same directly to the secretary of WISL IT IS NOT OPERATED. war, there is little doubt that orders would be immediately issued to com plete the work in the shortest possible space of time. , . Without some such action we need not expect to see any activity exhibited soon. Let us awake to our own interest, quit relying upon government officials, but cause an in vestigation to be made ourselves. ' THE CASCADE RESERVE. For almost a month, or since the water of the Colunbia has receded so the portatre road coil (I be operated, not a train has been allowd to paBS over the road. Why this is so, and why a road built at the expense' J. the state and for the benefit of the peop? J. is thus tied up is a question Eastern Oregon is anxious to have answered. Hoping- that the matter might be amicably settled between those who have the management of the portage and those who are obstructing its operation, the Times-Mountaineer has refrained from making comment bat since there appears to be little hope of an immediate adjustment, we deem it at least due to our readers to give the facts connected therewith as nearly as they can be obtained. Before the portaee road was built the state secured from the United States a rightrof-way through the gov eminent reserve at the Cascades, there being a stipulation in the grant pro viding that the operation of the road should in no wav interfere with the government work on the canal and locks. Acting on the good faith of the general government to not be tech- inal in the matter of interference, the state built the portage at an expense of about $75,000 and operated it unin terruptedly for something over thtee years. During all this time work was being prosecuted on the canal and locks, and there was no material complaint either from the contractors or government engineers that the portage road inter fered with their rights or privileges. But now, when no work is being pros ecuted on the canal and locks, and there has been none during the past month, the engineer in charge refuses the state the right to run trains over the road. Why such orders should be issued at this time, when there is no work to interfere with is unexplalna- ble. The contractors have as yet re ceived no orders from the war depart ment instructing them to again begin operations, and until such orders are ijuued there will be no construction work commenced. Until work is re sumed, justice would demand that the engineer in charge permit the state to operate the portage. By refusing to grant this privilege he is thwarting the wishes of a large number of people and also interferring with commerce. His acts thus far in the matter seem utterly unwarranted. , QUEER LOGIC. It is a persistent popular error that the value of money in any country de pends upon the amount in circulation. The value of money depends upon noth ing but the value of that of which it is made. Oregonian. No more fallacious statement than the above could be made. Money is nothing more than a convenient com modity through which the exchange of trade is effected, and when con sidered as a commodity its value must be governed by the law of supply and demand. ' If money is scarce and the demand is great, its value, when measured by Its power to purchase labor or the necessaries of life, neces sai ily increases. On the other hand when it is plentiful the demand is lessened and its purchasing power or its "value" diminishes. - These are facts which history and all experience verify. Go back to the time of inflated cur rency, from 1861 to 1878, and the -value or purchasing power of every kind of money, coin as well as paper-, wmlefes than it is at present or has been at any time during recent years. - Durl binations that oppress labor at one end and rob consumers at the other. "It is 'Wall street' that has deoleated the treasury of gold and exacted xayrA ious millions from the government in forced bond sales to "protect jtecredit.' "It is you, gentlemen oil the gam bling exchanges, manipulators of noney coiners, orofanizers of swind litst trusts, weveekers of railroads. shearervnf 'bfimbs,' tax dodgers and absorbers of money that you never earned, who have done more than all the ignorant blundering at Washing' ton and all the demagogy at the South and West to raise the 'spectre of Anarchy and Populism' at which you now stand affrighted." WERE 1HEY PROPHETS? A number of Wasco county sheep raisers have been arrested and taken to Portland, where they will be requir ed to answer in Judge Bellinger's court to a charge of having herded their flocks upon the Cascade forest reserve. Information was filed against the sheepmen by Henry Failing, chair man of the Portland water commission. It is claimed by the informants against the sheep men that they have been herding JmftifltriML-qn the Bull Run reserve, the source from whicnMirt- land obtains its water supply, and also that the herders set fire to the timber, which may do no end of damage. The outcome of these arrests will probably result in enforcing the law preventing the herding or grazing of stock any' where on the Cascade timber reserve, and in consequence the stock business of Wasco and Crook counties will be diminished at least one-third, for with out the use of the Cascade mountains for summer pasturage one-third the sheep raisers in these two counties will have to go out of business. There is little sense and much less justice in depriving the sheepmen of the use of summer ranges in the Cas cades, since their flocks grazing in the moutains are more benefit than ' detri ment to growing timber, as they eat out the under brush and . give the larger timber an opportunity to grow, As to the claim that sheep men kindle forest fires, it is absurd. They dread forest fires more than any one else, for there is danger of burning up their entire flocks, honce they are cautious about setting them out. it is nut just that tne Bull Kun re serve be protected from the encroach' ment of flocks, since it Is desirable that the metropolis of the state should have a perfectly pure water supply, but the remainder of the forest reserve should be thrown open to the stock raisers of Eastern Oregon, . and we trust that the Oregon delegation in congress will exert their energies to securing such an order. A few days since the controller of New York called forbids for $3,805,196 of 3 per cent gold bonds of the New York, and the bids received agre- gate only 810,010,000, the price rang ing from par to 109.5. What is the matter with these gold bonds anyway that they do not meet ready sale? Are holders of money afraid to buy twenty- dollar pices? Is the distrust in the gold securities of the great city of New York caused by the silver agitation? The inconvenience to which the Wasco county sheepmen are put re garding the herding of their flocks on the timber reserve Is said to have been brought about by some indiscrete sheep owners ranging their flocks on the Bull Bun reserve. There would have been no trouble about the rest of the reserve had Portland's water supply not been molested. Hence it is that a large number of sheep owners have to suffer for the indescrete acts of a few who disregard the rights of Portland, those years a day's labor, a wheat or a pound of cotton would nearly twice as much money as it. at present, because money .was plentiful, hence was of less Value. Were the statement of the Ore gonian, that the volume of money in circulation has no effect upon its value, really true, it would be of no con sequence whether we had one million or one billion dollars in circulation its value would remain the same, .hence its argument that the free coinage of silver will drive gold out of circulation, and thereby make money scarce and dear, has no foundation. But all ex perience teaches a different state of affairs to exist, especially when we consider money only as a commodity, and it is nothing else, and compare it with other commodities. Suppose Re take wheat as the staivfcrif- bf whioh values awaeured. When there is an abundant crop all over the world the supply is great", and the price of wheat goes down, or the purchas ing power of money and other com' modi ties rises,, but when there is shortage in the supply of wheat it rises in price, and the purchasing power of money and other commodities when measured in wheat falls. The same is equally true with regard to money, Its value is governed by the law of sup ply and demand the same. When it Is plentiful its purchasing power is. dim' inisbed: when scarce it will buy mor of the results of labor. WALL STREETS HYSTERICS. The New Yok World is one of the strongest democratic gold standard papers in the. country, but it is not afraid to read Wall street a lesson oe casionaily. Only a few days ago it turned its editorial . batteries looscon the stock pambleis and gold brokers who congregate there in the following vigorous manner: "The Stock exchange has no Bryan, so far as is known, but on Saturday it worked itself into quite a fair imitation of the Chicago convention hysterics. One of the members frantically waved an American flag, and there was a great outcry ' and uproar against 'Bryan and populism.' The tumult ended with the organization of a 'Bank ers' and Brokers' McKinley Campaign Club,' consisting of democrats and republicans. "The men may mean well, but they don't seem to know that any demon stration which they may make is not calculated to help the republican ticket. They ought to have received a strong hint from St. Louis and to have learned for certain from Chicago that anything which 'Wall street' wants is quite sure to be hotly opposed by immense bodies of voters in other parts of the country. "Nor is this feeling without reason. Many of the wrongs and grievances complained of by the voters who sent the two-thirds majority to the Chicago convention are real and just. While not upholding the remedy they propose, we have never for a moment lost sight of the fact that their grievance is great and their complaint in some part well founded. It is the concrete and combined power for. which 'Wall street' is the symbol in the popular mind that has made a monopoly of transportation, and has brought all the prime neces saries of life iron, steel, oil, coal, be it, sugar, and a hundred others under the control of trusts and corn- There are perhaps no higher recog' nized authorities on finance in the United States than John Sherman and John G. Carlisle, especially when rated from a gold standard point of view They have both served long years in congress and each has been secretary of the United States treasurv. Each has devoted much time to the study of finance, and whatever either of them says at this time on the question of money is received almost with scrip' tural sanctity by the advocates of the gold standard. Hence what they said in the past ought to receive some degree of considerationnotwithstand ing their minds have undergone some sort of an evolution, and their views have somewhat changed in the past twenty years. Nevertheless their past utterances had the tinge of prophecy and what they foretold years ago has really come to pass. In a speech de livered in the senate on July 11, 1S76, Mr. Sherman said: "The enormous effect of the law In Germany, and as a consequence the partial demonetization of silver coins, I suppose is felt by every man, woman and child who buys or Bells anything. A struggle for the possession of gold at once arose between the great nations, because anybody could see that if $3,200,000,000 of silver coins were demonetized, and $3,500,000,000 of gold coin made the sole standard, it would enormously add to to the value of gold, and tne Bank of France, the Bank of England, and the Imperial Bank of Germanv at once commenced grasping for gold in whatever form Therefore, what we have recently observed is not so much a fall of silver as it is a rise of gold, the inevitable effect of a fear of the demonetization of silver." Two years later, John G. Carlisle, then a congressman from Kentucky, addressing the house on the question of the demonetization of silver, said: "According to my view of the sub ject, the conspiracy which seems to have been formed here and in Europe to destroy by legislation from three sevenths to one-half of the metallic money of the world, is the most gigan tic crime of this or any other age. "The consummation of such a scheme would ultimately entail more misery upon the human race than all the wars, pestilences and famine that ever occurred in the history of the world The absolute and instantaneous de struction of half the entire moveable property of the world, including houses, ships, railroads, and all other appliances for carrying on commerce, while it would be felt more sensibly at the moment, would not produce any thing like the prolonged distress and disorganization of society that must inevitably result from the permanent annihiliation of one-half the metallic money in the world." ; Only a few years prior to these utter ances the United States had closed her mints to silver and France had ceased to UBe it as a primary money. The effects were already being felt in all parts of the world. The leading nations were scrambling for the pos session of gold, and on account of the increased demand for that metal its purchasing power gradually increased, or in other words, the price of the pro ducts of labor, when measured by gold, fell. This fall was so gradual that it was scarcely noticed from year to year, but when covering a period of years it was most perceptible. A comparison of the price which the two great staples, wheat and cotton, commanded in 1875 and in 1894 show the prophesies of Sherman and Carlisle, that the price of gold would increase, were trne. The price of upland cotton for export ' fnJI&ffaifTaehts, inl94 it was 7, cents. Wheat for export in 1875 com manded $1.12 per bushel, in 1894, 57 cents. A like decline in the price of nearly every other product of unskilled labor resulted during that time. And what was the cause? Sherman and Carlisle, both able statesmen an financiers, one a republican the other a democrat, said twenty years ago that it was the natural result of the de monetization of silver, and what they said then would follow seems to have come true. IN A PICKEL. Bourke Cochran, the erstwhile pol itical boss of New York, who has been trying to pose as a democratic leader, has recently returned from a trip to Europe, and is now busying himself trying to conjure up some means by which the democratic national ticket may be defeated. Cochran cannot swallow anything that pertains to sil ver. lie wants a single gold standard and more than anything else he wants to see McKinley elected, because he fears no silver medling under his ad' ministration. The idea of bimetalism or a silver standard is very distasteful to Mr. Cochran, in fact he cannot en dure anything but. pure gold as t money. It is Indeed strange that Mr. Cochran ever came to America, since when he crossed the Atlantic his native Ireland was on a gold basis and had been for years, while the United States was then a bimetallic country. And it is also strange, if a gold standard is such a good thing for all classes that Mr. Cochran was never able to earn enough money in the old country to pay his passage first-class across the ocean. No doubt- the visions of the bard' ships he endured in the old country still haunt Mr. Cochran, but since he has become a great corporation attor ney, and has lost his sympathy for the poor common people, he is no longer interested in their welfare. But this does not clear away the picket which he "is in. He wants to beat Bryan, and doesn't know just where to begin. We would suggest that he make a start by pointing out the comforts and flourishing condition of the laboring man in his native country which has been on a gold basis since 1816, and endeavor to con vince the labarers of America that it is to their advantage to stand in for his good, pure, cold gold. . Are foa "Made Miserable by indigestion, constipa tion dizziness, loss of appetite, yellow skin? Shiloh's Vitalizer is a positive cure, . f or saie oj m. jwuuw. ) EDITORIAL NOTES. In his own estimation Bourke Coch ran is the biggest man in the nation. He is trying to straddle all parties at once, and wants to get one foot in each the old parties and ride astride all the new ones. If a gold standard causes high wages, why do we hf-ar so much about the "pauper labor" of England and Ger many? And why was it that there was suuh an immigration of laborers from those countries to the United Status while we had a bimetalic standard ? Despite the protests of Papa Van derbilt young Cornelius has married the girl of his choice, Miss Grace Wil son and has carried her off toSarotaga for a honey moon. Cornelius is a way ward youth who refuses to submit to the "old man's" dictates regarding his love affairs. A ju9t retribution overtook the Moore Bros.' who -attempted to corral the Diamond Match Co. and the New York Biscuit Co., to the detriment of other stockholders in the concerns. While trying to pinch others they say be tween $4,000,000 and $5,000,000 slipped away from them. The combined efforts of the populists and republicans, who fused in Ala bama, could not overcome the demo cratic majority in that state, a demo cratic governor and legislature just having been elected. The republicans and populists made such queer bed fellows that they couldn't pull well to gether in the same harness. The ratio of the production of silver and gold 1b 17.37 to 1. In other words, seventeen and thirty-seven hundredths ounces of silver is produced to every ounce of gold. The production of the world in 1895 was 9,500,000 ounces of gold to 865,000,000 ounces of silver. The difference in real value at a ratio of 16 to 1 It appears is very slight. The attention of those papers who have been making the silly assertions that the Wilson tariff law had reduced the receipts from internal revenue is respectfully called to the report of the commissioner of internal revenue which showB that the receipts have in creased $3,384,545 during the past fiscal year. Thus, sorrowful though it may be, another "argument" against the 1894 tariff law has had to fall It is a pleasing pastime with the McKinleyites to point to Mexico as a "shining example" of free coinage Why not point to China as a "shining example" of the beauties of protection? China has pursued a most vigorous protective policy for centuries, and if the condition of Mexico is an argument against free coinage, the condition of the Chinese ought to be as effective with reference to protection. 'In the natural course of events, Jonathan Bourne ought to get a rest for a time. H. L. Barkley, elected by the republicans to represent Marion county in the legislature, has re pudiated the St. Louis platform and ticket, and has declared for Bryan and Sewall. Those who have been so in dustriously seeking Bourne's scalp should now turn on Barkley and de mand his resignation if they hope to be consistent in all things. Over in Washington there is quite a readjustment of party lines among prominent politicians. Hugh Wallace, member of the democratic national committee, " has discarded the demo cratic ticket, while Senator Watson C. Squire and ex-Goyernor Miles C. Moore both prominent republicans, have re nounced their allegiance to McKinley, and will support Bryan for president. The democrats can " stand such ex changes as this where they get two for one. . j The relative, amounts of gold and silver in trtenty-slx nations of the world, including the United States, England, France, Germany and Russia, according to the estimates of the United States mints, based on a ration of loi and IB grains of silver to 1 of gold are: Go'.d, $3,901,900,000; silver, $3,931,100,000. With the amounts at this ratio so nearly equal, why should not the commercial ratio of silver bullion be at the ratio of 16 to 1 if legislation has not effected the price. Philip D Armour, the Chicago packer, is pursuing the same course of threatening attempted by some other concerns that are large employers of laborand aslBsuej a 2'rcula'' ho 'A Chicago Bankers Not turbed in the Least. Dis- AFFAIRS IN CUBA The Outlook is Not Altogether Bright at Present For the Cu ban Patriots. New York and Chicago Banker are Kf ing the tiold Reserve Intact Trean urvr Mlnto Hu Finally Settled With Marion County. Chicago, Aug. 4. Nothing in years has caused such a flurry in commercial circles as the collapse of Moore Rro. in their efforts to maintain control of the Diamond Match Company and the New York Biscuit Company. A strik ing feature of the failure is the fact that the stock exchange for thu first time in its history adjourned indefiuuly today without doing a dollar's worth of business. The following notice was posted: "The Chicago stock exchange has adjourned, subject to the action of the governingcommittee. WlNKINS, Sea retary." In the corridors were excited groups of brokers and traders 'discussing the situation. Every one connected with the exchange was endeavoring to con vince everybody else that there was no cause for alarm. They announced that the officials of the exchange were endeavoring to form a pool to buy up the stock of Moore Bros., to hold it un til the flurry was over. At a meeting of the governing committee a commit tee of four was decided upon to confer with the bankers of Chicago and Moore Bros., to arrange upon a basis of settle ment. This committee will meet at 3 P. M. today. This action had the effect to modify the excitement. Those best posted declare that there is no foar of a general panic. It is estimated that Moore Bros, lost between $4,000,000 and $,000,000 in the Diamond Match deal. Some say It wiped out every cent of their for tunes. The Chicago News bureau Bays the banks are taking the Diamond Match flurry very comfortably. Their only anxiety seems to be to help cus tomers. The basis -of bank loans on Moore securities has been low for a long time. Diamond Match has been popular, but the banks understood that there was a lot of water in it. The anxiety of the banks is not so great regarding Diamond Match loans, how ever, as regarding New York Biscuit, which was marked up from under 30 to over par. PROGRESS OF THE WAR. Cuban Patriot! Defeated in Cambola Hill Intnrgent Campi Destroyed. Havana, Aug. 4. The Spanish Gen eral Lono, via Candelaria, reports that he engaged the rebel forces in the Cambola hills. The rebels were dis loged ai the point of the bayonet. The Spanish ' Vsaotured - their positions, burned their camps, destroyed their plantations and seized their cattle. The rebel loss Is unknown, but it is believed to be consideraftle. Brigadier-General Echague, with 700 reinforcements, acrlved by the trans atlantic mail steamer Catalina from Spam yesterday. The tame vessel brought a quantity of munitions of war and $1,000,000 in silver consigned to the captain-general. The naval authorities report the seizure in Nueva Ge.'ona, Isle of Pines, of additional rebel munition deposits, including a quantity of dynamite. A smallpox epidemic is thinning the ranks of the insurgents in the eastern districts of Santiago de Cuba. The prisoner of war, Antonio Pena Lopez, a private, recently court-martialed, was shot here at sunrise this morning. Another prisoner, Nunez Bravo, a rebel prefect, was shot at Santo Domingo yesterday. La Lucba insists that the executions ihould be made public. BOWiSD ACROSS THE OCEAN. : the total amounted to $2,425,000. The I gold is now beiug weighed for short age. All coins falling below a 10-graln limit must be made good by the banks depositing. Thus far In the test the gold has been found of standard weight. The deposits bring the supply of the yellow metal in the Chicago office up to $12,500,000. BOOKS IN A MIDDLE. Kxuert Report of Kx.i reaaurer Mlutu' AccountH. Salem. Or., Aug. 5. The report of the expert committee, appointed to :t.--cfrtaln the ex-treasuror's standing with the county, which was given out by the county court today, corrobor i ii ted the Information before published aud showed that besides the $1577 held back in the First National bank, there was $741 45 wholly unaccounted for, The experts further said the accounts were so badly confused and the methodt- so poorely adapted to the requirements that the office books would have to be rewritten for the period of the treas urer's incumbency. The treasurer receipts for the special school fund and taxes, amounting to $79,817, were not entered on th6 book of receipts and disbursements, nor was the payment thereon, amounting to $32,114, entered. Scrip Invalid. Baker City, Or., Aue. 4. An opio Ion handed down yesterday by Judge Eakin, holds that $20,900 worth of Baker county scrip is invalid and Sheriff Kilburn aud Treasurer Jett are enjoined from receiving the same in payment of taxes pending an appeal to the supreme court. The scrip affected is that issued for work oti the court- boude: also warrants issued for insur ance of county buildings; for indexing the books of the county; for the pur chase of a poor farm; building county roads and bridges in 1891 and 1893, and $400 worth of scalp scrip. In Freedom' Cause. Philadelphia, Aug 5. It U re ported here that the Cuban junta In the United States this week raised a fund amounting to $375,000. Part of the money has been changed into gold, and is on shipboard bound for Cuba, where it will be placed in the hands of the officers commanding the insurgent army. The balance has been retained by the heads of the junta in Philadel- delphla, who will use it in a way that will best serve the Cuban cause. TKOUBLE FOR SPAIN Threatened With a Revolu tion at Home. ANOTHER SCRAP The Ing his people what they will receive if there is a change in the money standard; . or Jin other words, what the consequences will be if they incur his displeasure and not vote as he dictates, In the light of such threats, we are forced to ask what has become of American manhood and freedom? . The annual report of the commis sioner, of internal revenue contains some interesting figures. During the past year there was a falling off of 7,413,129 gallons of distilled liquor as compared with the preceeding year, while there were some 4,000,000 more gallons of fermented liquor consumed, showing that the American people are discarding distilled and adopting fer mented liquors as a beverage. In the matter of smoking, however, we are retrogressing. The report shows that in the past year there were 4,052,391,- 640 cigarettes consumed, an increase of 14,897,850 more than there were the year previous. Harro and Samnelsun Recount Their The Syndicate Succeaaful. New York. Aug. 4. The syndi cate of foreign bankers which came into existence to check the drain on the United States treasury reserve exerted by Europe has been signally successful in its efforts in that direc tion, but the withdrawals of gold for shipment to Canada continues. It was very generally said In official and bank ing circles down town that all the gold withdrawn for Canada nets the sup posed shippers a premium of at least half of 1 per cent over and above any profit on the exchange transaction. Marlon County Bai the Money. Salem, Or., Aug. 4. The remainder due Marion county from ex-Treasurer Mlnto was today turned into the treas ury. The amount claimed to be in the First National bank. $1577, was turned in yesti r.lay, and today Minto's friends made t od the remain ing- $741.45. Since Trouaurer Brown look charge of the office, July 7, he had until today, been stamping warrants, "Not paid want of funds," The total amount thus stamped was $8193. Today x rea'a-T urer Brown began paying school war rants. Maine Democrats. WATERVILLE, Me.. Aug. 6. The second democratic state convention for the nomination of a candidate for governor, assembled here today. M. D. Frank, of Portland, was selected for the place on the ticket made vacant by the declination of Winslow, who retired because of the attitude the democratic party had taken in its national convention on the insrrrrjpy question. On tne ballot Fruk re ceived 192 votes, to 133 for Hanson. On motion of tbe latter the nomina tion was made unanimous. Militia and Strikers Have Lively Skirmish in the Streets of Cleveland. The Water Wa Not Inviting to a Would Be Suicide All the Presidential Can didate Will Attend the Hal; dlor1 Re.unlea. Bearat'a Chicago Paper. Chicago, Aug. 4. The Tribune to morrow will say: 'Unless all plans miscarry, the sil ver democrats will have a morning paper in this city, the first number of which may be looked for August 10. The skeleton In many a household is the peculiar weak ness of the wife and mother, or of the wife who ought to be a mother and is not. Happiness is de stroyed by the pres ence of the secret sickness that may lurk like a grinning death among the most luxurious homes. The most terrible thing about this condition nf nf- fiiirs is that it Is entirely needless. There is no reason in the world why every woman in the world should not be stronir and health ful and capable of fulfilling her whole duty as a wife and mother. Many women go on month after month, and year after year, be coming weaker and weaker, because of a very natural hesitancv thev feel in consult ing a physician. They know that if they go to a doctor for treatment, the first thine he will insist on will be "examination" and local treatment" This must of course be distasteful to every modest woman. They are generally as unnecessary as they are ab horrent. Dr. Pierce's Favorite Prescription cures positively, perfectly, permanently, all varieties of "female weakness" and dis ease. It is designed to do this one thing, and it does it. It is the only medicine now before the public for woman's peculiar ail ments, adapted to her delicate organization by a regularly graduated physician an ex perienced and skilled specialist in these maladies. It cannot do harm in any condi tion of the system. Its sales exceed the combined sales of all other medicines for women. Every woman will be healthier and happier for following the menaiy, practical counsel contained in Dr. Pierce's great universal doctor book: The People's Common Sense Medical Adviser." It is the most comprehensive medical work in one volume in the English lan guage. It contains 1008 paxes. fuUy illustrated. 600.000 copies have been sold at J1.50 each bound in cloth. The profits are now used in printing hau-a-miU- inn Am OTmies bound in St IX) HO manilla paper covers. To get one you have only to send 31 one-cent sumps ( to pay cost of mail ing only), to World's Diaoensary Medical Associ ation, No. 663 Main Street, Bnflalo, N. V. send promptly before all are given away if in want &ney ant goiBg 00 zajnoiy. London, Aug. 5. Full details 01 the adventurous voyage of fiarvo and Sam- uelson in a rowboat which reached Soilly last Saturday are published Harvo Bays they left New York, June 6, at 5 P. M. Owing to strong winds they were driven northward to the banks of Newfoundland, and July 1 they epoke the schooner -Leader, and requested tbe master to report them all well. July 7 they encountered a heavy gale from the west, and had great difficulty in keeping the boat free, as the sea was continually breaking on board, keeping one of them bailing. The gale continued with more or less force until 9 P. M., July 10, when a heavy sea struck and capsized the boat, throw ing them into the water. After a few minutes they succeeded in righting her and getting on board, and bailing her out. All their provisions, anchor, cooking utensils, signal lights and several other articles which were not Lvhed to the boat were lost. .After! the accident they suffered severely from the cold, having to remain in their wet clothing. Shortly after the weather moderated and the wind continuing, they pro ceeded eastward. July 15 they boarded the Norwegian bark Cito, from Quebec for Pembroke, and were supplied with water and provisions, and again when about 400 miles west of Soilly, July 24, they spoke the Norwegian bark Eueu, from Halifax for Swansea, and obtain eJ from her a small supply of bread and water. Both men are in good health, and look weather-beaten by long exposure. They pulled two pairs of sculls during the day and at night kept watches of three and a half hour intervals, one man pulling while tbe other slept. R Hearat, qftSa. Madrid, Aug. 6. (Copyrighted. 1896, by the Associated Press.)' Trouble of a serious nature is being fomented In Spain, particularly iu the province of Valencia, by agents of the Cuban insurgents. Tbe minister of the interior, Senor Coseajon, yester day replyiug to a question in the chamber of deputies admitted that riots had occurred in Valencia, caused by the friends of the Cuban insurgent, who hoped thereby to prevent the departure of reinforcements of troops for Cuba. Hitherto the popular demonstrations have been attributed to protests against lmposllng new taxes, made neceisary by the financial strain the government has been subjected to, through carrying ou the campaign against the insurgents in Cuba, but while the government is only willing to admit that the riots have been insti gated by the agents of the Cuban revo lutionists, it is generally admitted that the root of the trouble is much deeper and that it is being nourished by a natural feeling of alarm and dismay at the apparent utter inability of the government to cope with the situation in Cuba. A LlVfcl. bHlRMISH. State Militia and Strikers Again Exchanic Shots Cleveland, Aug. 6. Between mid night and 1 o'clock this morning a crowd made an attack on the building where a man named Johnson, employed at the Brown hoisting works, lives. They broke windows and yelled like Indians. Soldiers rushed to the scene. Part of the crowd scattered, but a dozen men stood at bay with revolvers and fired at the militiamen. The sol diers replied with rifle balls. The men then scattered. In the melee Private Perkins, of Company B, was shot, but it is not Known how seriously. He was taken away iu an ambulance. An official statement at Colonel Whitney's head quarters, is that Perkins was acciden tally shot while loading a revolver.' It is claimed by others, "however, that he was wounded in the Luther-strcet skirmish. NO NAMES MENTIONED. Astoria Dentist Received Timely Provi dential Aid. Astoria, Or., Aug. 6. A promi nent dentist of this city had a disagree ment tonight with his wife, and, as a result, announced his intention of committing suicide by drowning him self. Suiting the action to the word. tbe dentist separated from his better liairou urn, ui ' i.w.i.-Ujuj-cats and hastened in the direction of the waW front. - His wife smilingly followed, tne husband having a good-bye u he at ftpqu.'ot intervals until he rracluxl the doirk. Walking down a slip until the water reached his knees, he looked around and once more bid good-liye to his wife, who was on the dock above, smiling broadly and confident that her husband's threat was only a bluff. The farewell had just been uttered when the dentist's feet slipped from under him and he found himself in 30 fe.-l of water. He ti'ruge'led with all l:U mi; ht to Ucp afloat, crying lusiily for help, and attracting a large crowd of peoph. He was hauld out thorough ly soaked, but completely cured of tho Idea of seeking a watery grave. Shot Hit Wife and Killed Himself. San Francisco, August 6. John Sopher. a worthless character, this morning tried to kill his wife killed himself. Sopher T.TTJTT!jM!g - M " "' ' '. it For shortening never use more j?tuan ttto-tUini as much Cotto j? lene as yon would of lard. Whci- I H lug Willi v.O'.lJicue always " S r it in a cold patt, lieanuer it will; the pan. Cottoieue produces tin Jbcst results when very hot, but U! '2 it rcuchci tha cooking poiul uiucl, Directions i sooner than, li.rd, core should h s taken not to let it burn when he S enough, it will delicately bro Ui U1CW1 Ui wan wuMi ta a uit j for mm Follow there JiictioijJ m usi:i Cottolene and laid will nevt t again be permitted iu )ur kitch IS er or in your food. - jr. . . -"fr- S Gem.iue Cottolene U sold even. . j i.- j; unere in tins wun irauc --mm . j "Cottoietie" and steer's head i cvttOH-plnntti-rtath on every tin i Made duly by c- !? ,HS N. K. rA!flSHK COMPANY. It Loul' ) DOCTOR 6.W. SHORES' COMPLETE ATARRli URE. BOTH LOCAL AX1 1XTEUXAL. The only remedy rasrantead ts absolaMlv curs cotarrh and ci mpletaly eradicate tbe UiaelM Irons the blood and by stoBB- FULL SIZE, $1.00; TRIAL SIZE, 23c Each lull izs packer contains ons full swnili's IucaI trNtoient, one ruil nomtt's supply of Csierrsi I ierjing tulm and one full skrtito's supply el CaiarrO Blo..d ana Sloissch Pill. If vou luvt anv of the followlne synpfons. Or O. W, Shore' Complete Citarrh Ore will give you In stant relief ana completely ana persuoentlysure yosv n tne noe stoppea r Dr your nose dischtrffv? It the auee sore end tettdtr? t there pain In front or hti it Do you hawk to clear the throat? ' Is vout ihr.Mt drv In the erorningr Oo you sleep with your atouia open? Is vour heanne faiiiti r 0. vour erirs discharge? Is the was dry In vour ear? . Do you l.ar better some davs than otharr I your hearing worte when you have a coldf Dr. Q. W. Shores' Cnufta Curs cures all coughs, colds snd bronchial affection. One dose will stop spasmodic cr.up. Keep a bottle la the house. Largs ite bottles 2V If you have these sympt.ims ass H as directed on the bottle sod tl will cuts you. Have vou s comcti? Do you take cold easllvt Have you a pain la the side Do you raise frothy material? Do you cough in the ssomltieV Do you spit up little cheesy lumpsf Dr. U. 5horss' Twaieand Blood Purifier c lass ies snd purifies the blood, fives strength snd vigor, cures dyspepsia and all osrvous diseases. Price, 1 per bottle. It permanently taxes las foilowlafl sympions: is there nausea? Do you bekb up gas? Are you constipated? Is your tongue coated? Do you bloat up slier earing? Do you feel you are giowuig weaker? Is there constant bad tuts la the muuib? Dr. a. W. Shores' Kidney and Uvsr Car cures all d teases of the kloasys. live sad Maade Price, tl per bottle. Un you get dtsxy? Have ou odd leet? Do you feel miserable? Do you get tired easily? Do you have hot flashes? Are your spirits sow si times? Do vou have rumbling la bowels? Dt, your hands and leet swell'r J this noticed more at nigbiir I" there pam in snail o ta.k? , ' Is hen; Duhinese under the eves? . D'.youhve Iu get up often at sight? it ilin- a drpusu is utlae II left standing? Oon't ni-gieci lArse signs and risk brigbia dfssass k'lnng you -Dr. Si.orrs' Kidney and lives cars wM ure you it ueed aa directed ua the bottle. Dr. O. W. Shares' MmillUIB dsgw Oil stose ffss rst pain in one minute, r-or Uedache, tootluicaa, nira k 4, cramps ur colic use H extema,iy and ta tpullv. Prevents and cures diphthctla If used al lit Keeps tattle handy. Pries. c s bonis. lr. 0. VV. Shares' Pepela Vemlfugs ac-trovs Intetinal worms snd removes the lltus round asst whet they aatca sad breed, k sever talis. Prise Be a titta. DM. w. Shores' Wlnteigissa talve cures a a',MSof the skia. Kameves red spots snd black plmpleejoei the face. Heals old seres Is I as I days. Price, z boa. lr a w Shores' Aat.ConstJptlea Pills cuie chr.v constipation, sick beadacaessd Mlroaa atMcks (. ;c t oouie. r. ,!i"w m ""wets are con Jllpated take oris of ?.' . Lnir Antl-Cnsilpatioa Pi :1s at brjiliaa. . . 3noiasMrs.ina,iM .... snd t vice I .Jr'ZiZZ?'ti't Pparel only i " xioa s Mmui C.ii V I - Fbl '-I..! h.!srsonaily for fos new symptom list Ires. al1osed sad get his sapsrt sa- or sale by ell I receipt of pries. i eai m sny address aa A Man Sold at Auction. Elizabethtown' Ky., Aue. 5. A sale on tbe courthouse steps last even lug was a reminder of ante-bellum days. Insteatd of a negro slave being transferred to another owner, it was a white man sold atauctlon for vagrancy under an old law seldom enforced The vagrant was Lawrence Peak, con victed by tbe circuit court. Six montba was tbe penalty. The sale was cried by Deputy Sheriff Williams. Out of the large crowd present there was only one bidder. John C. Reil bid $12.75, for whicb he is entitled to Peak's services for six months. Strengthening; the Reserve. Chicago, Aug. 4. The Chicago banks volunteering to' strengthen tbe treasurv with some of their gold have made all of their deposits at the Chi cago sub-treasury. Casbior Pratt said IkiCO Examiner, will be the financial genius of the Chicago Daily Enquirer, which will be tbe new paper to uphold the cause of tbe sflverltes among tbe peo ple of the Middle West." Bloody Fight Among; Boys. Little Rock, Ark., Aug. 5. A bloody affray occurred among a crowd of school boys at Buchviile, Montgom ery county. Robert Chew and Beure- gard Poole became involved in a fight Friends of the belige.rents joined in the fray. Pocket knives were used. Sev eral boys were dangerously wounded Poole was stabbed in the breast several times and died of his wounds. The Chew boy escaped and has not been captured. Another Ticket Placed. San Francisco, Aug. 5. The Spreckels faction of the republican party of tbe fourth district held a con' vention last night, and nominated H G. W. Dinkt'lspiel for congressman W. W. Montague was nominated for presidential elector and Cornelius O'Connor for alternate. This makes two sets of congressmen and electors nominated by the republicans of tbe fourth district. Montana Kilverltes' Piaus Bctte,' Aug. 5. Tbe republican conference agreed at tbe state conven tion to nominate state officers, after which' the silver republicans will with draw, organize a separate convention and nominate electors for Bryan and Sewall, while those remaining will nominate electors pledged to McKin ley and Hobart. The convention will be held September 9, at Helena, six days after the democratio convention. Fight With an Outlaw. Gtjtheie, O. T., Aug. 5. Bill Doolin the outlaw who escaped from the jail In this city lour weeics ago, was sur rounded by deputy marshals at We woka last night. A desperate fight took place, and during a fuscillade of shots Doolin escaped. Deputies Gregor and Reynolds were killed. A Farther baspenslon. Chicago, Aug. 6. It is reported on excellent authority that trading on account on the Chicago stock exchange will be suspended for 30 days after the exchange shall have been opened. It is also probable that deals in future options will be limited to a week or ten days. All this has been caused by Moore Bros, collapse. Kerves on Edge, nervous, tired, irritable I was cross. Jiari 8 t,iover now xea made me well and happy. : MRS. rj. O. WORDEN, For sale by M. Z. DonnelL and has uae from months ago the woman left her husband and went to Dixon. . He followed her there and attempted to shoot her. She returned to San Francisco to avoid him, and he followed her here. This morning he called at a lodging-house where she was stopping, and after a short con versation put a pistol to her mouth and fired. The woman Is not danger ously wounded. Sopher then shot himself through the head, dying in stantly. " AU Nominees WU1 Attend ToPEKA, Aug. 6. All the candidates for president will attend the soldiers' reunion here in September. Accep tances have been received from Mc Kinley and Bryan, and Hobart has wired that he will be here. Invita tions have been sent to Thomas Wat son and Arthur Sewall, and the popu lists and democrats allege that they will be here. FOR SALE BY BLAKELEY fe HOUGHTON rrnv niTT ra rTvfir3 A. A. BROWN FULL ASSORTMENT HtD PROVISIONS, Special f rcss to Cash Buyers 170 SECOND STREET. Crops In Lane Connty. Eugene, Or., Aug. 6. Harvesting is well under way, and some threshing has been done iu this locality. The yieldB of wheat reported run about 15 bushels to the acre, and oats about 25 budhels7 which is fully up to expecta tions. Most spring-sown grain Is a failure, some fields being unfit to cut and others barely worth cutting for hay. Reed Ke-Nooauutted. Portland, Me., Aug. 6. Speaker Thomas B. Reed was nominated by acclamation for tbe 10th consecutive term in congress by the republican convention of the first district today. Job . . Printing: Of all kinds doue on short notice and at reasonable rates at this office. PETITION. The Seattle Post-Intelligencer has preached Senator Squire's funeral ad dress, and declarer his announcement that he will support Bryan Is the sign ing of his political death warrant. The Post-Intelligencer must be asleep; and has not yet learned that Washington will hereafter take its plaze among the sure democratic states. Squire sees the drift of the tide and is simply get ting into the band wagon before the procession starts. The democrats, single-handed and alone, were able to carry Alabama by 40,000 against the combined repub licans and populists forces. But when the populists and democrats combine on Bryan this fall there Is no tellirg what his majority will be. The Dalles City and Moro stage line Douglas Allen proprietor, leaves More on Mondays, Wednesdays and Fridays', leaves The Dalles Tuesdays, Thursdays and Saturdays. Office in Umatilla house. Passenger rates one way 11.60: ryuna trip - To the Honorable County Court of Wasco County, Oregon : We, the undersigned taxpayers and legal voturs of Falls Precinct, county and stata afore, said, respectfully petition your Honorslils Court to grant a license to Patrick MoEu-aht to sell Spiritous, Vinous and Malt Liquors at the town of Cascade Locks, said precinct. Id less quantities than one gallon, for the period of one year. A Fie schhauer, C L Sohmldt, Mike Common, P W Ycttlck, Pat Lshy. D L Cates. Patrick Wtilsb, P A Trana. Geo Fomun, Nels Nelson, Win Fraser, James Uarton, S J Dryden, B Marten. J C K Falrview, Pat McGuire, John Wolf. John Braska, John Russell, Hans Wlecks, w oi r raiiie, ium cuugius, ionn Vjr fsrown, Tom Burl, John Fladeboc, John Thlewn, H Glazier. Barry Gray. M Fitzgerald, Sam Mo Carv. Wm Thomas, Z M Dlxoa. Jack Williams, JWAttwell, AM Barrett, J Dlrcks John Mo Coy, M McKlnnon, J Allison. J Dolson, John Andersen, Louie Carey, Wm McKenzle, H L Warner. Alfred Collls. M Smyth, P Griffin, A B Andrew, Wm Housten, Isai Morln, P Nolan, August Peterson, John Martin, W E Hergaton, John Wistrand, H Fltzsimons. C H Trait, A J Knightly, R Black, Jim Finn, Pat Flun, G Boccl. Murtln Marcelchi, Ben Slallory, David vvessuils, Rudolph Schmld, George Suffteft,C A Brollier. Chas Olsen, W B UergaionJoe Smith, Jack Burke. E Alwick. E P Ash. Dr C J An. drain, Tho Scully, I Nonlstram, John Kenis, John Kerns. C B Lee. Jack Amelia, H A Lear. ens. M Welch. Uwt Mccary. J H McDonousb. R S Aldrich. J K Sorbin, A H Traak. E A Ai wick. Alax Tesso. August a. lbtti. ADMINISTRATOR'S NOTICE. Notice is hereby given that tha undersigned bus been appointed admldistrator of the astata of Christina Phillips, late of Wasco county and now deceased. All persons having olalms against said estate will present the same, dulv verified to m at Klngsley, Oregon, or to my attorney's. Dufur A Menefee, of Dalles Cltv W asco county. Oregon, within six mouths from the date hereof. Dated at Dalles City, this leth da' Administrator of ths MUM of Christina Phil. 1 1 n. J - - ul . . this lth day of July. S. B. PHILLIPS. ' lstina I J3r