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SATURDAYSEPTEMBER 12, 1896
MONOMETALIC -BUGBEARS.
In his speech at Salem last Saturday,
ex-Governor Peunoyer completely an
swered many of the calamity howls of
the gold-standard press and refuted
' their claim .that the free coinage of
silver would result in wide spread dis
aster. On the question of their bug-
1 bears, he said: ;, , -.. . .
' "A few years ago many persons who
had learned the lessons taught by his
tory, and who, reasoning from cause to
effect, foretold the disaster that would
Swifoll Vi nnnnf.v -tt a Annt.fnnul PC
vJusal to restore silver as a standard
ynoney, were denominated by the plu-
, tocratic press of the country, which
invariably sneezes whenever the bank
ers take snuff as 'calamity howlers."
. The tables are now turned, and now
. the bankers and their papers have be
- come the very worst kind of 'calamity
howlers.' They prognosticate all man
ner of evil from the restoration of silver
as money. They declare that it will
drive gold all out of the country. That
Is just what they prophesied when the
Bland law was passed eighteen years
ago, and they now ignore the fact that
from 1878 to 1890, while that law was
In operation, the treasury reports show
, that the imports of gold exceeded the
exports by two hundred and twenty
million, and that the stock of gold in
creased in this country over $450,000,
000. "Another bugbear is that foreign
nations will flood our country with
silver. There is no danger. All the
nations desire more silver, and would
very much like it if we would continue
our present financial policy In order
that they might continue to purchase
it as they have been doing at its depre
ciated value, as a commodity instead
pf being hereafter compelled to pay
Its real value as money. Another bug
bear is that the restoration of silver is
In the interest of the silver mine
owner, and would benefit him. Its
demonetization is in the interest of the
gold mine owner and why should he
be benefitted any more than the silver
ninQwner. Both gold and silver are
money meu
recognized by the
Constitution i
juld be treat-
tion of silver would benefit t
mine owner just the same as it would
benefit all other classes, including
those who are so bravely fighting
against it.
"Another misstatement of the mono
metallists is that the present higher
value of the United States dollar over
that of the Mexican dollar lies in the
fact that our dollar is redeemable in
gold, while the Mexican dollar is not.
That is not true. From 1878 to October
14, 1891, no one even for one moment
supposed that the United States treas
ury would ever be foolish enough to re
deem silver certificates or the treasi"-
notes in gold and yet during mat
rr!fi1. the ume as . since, their in-
- oreased value over the Mexican dollar
was maintained. The old trade dollar
of 420 grains, not a legal tender, sold
at a discount at from five to fifteen per
cent, while the present standard dollar
of 412i grains stands about at par, and
would forever stand fully at par if It
was made a full legal tender, which it
Is not now, as the law gives the banker
; that most unjust privilege which no
other nation on the faze of the earth
-..ever gave to its citizens, of discrim-
Inat.innp arroinof ailvan t.Yia lawful
MIjaSWAU HflUUOM OUI Vl VUV AS H 1UI
I ". money of the realm. Restore silver
as standard money, maice it a lull legal
tender In payment of all debts, public
and private, refuse to any and all
. citizens the right to discriminate
against it, and then the demand for
such sound, hard money will be so
great as to forever maintain it at par,
It will then, when treated like gold,
be just as good as gold. The mono
metalists deny that the bestowment of
legal tender qualities will affect its
value, and yet they take very good
care that gold shall be a full legal
tender money.' Their actions com
pletely belie tneir assertions."
OUB MIGRATORY GOLD
" .. Ex-Senator Dolph', of this state favors
the Cincinnati Times-Star with a long
article giving his reasons for opposing
"wie free coinage proposition. One of
. the reasons Mr.- Dolph gives for his
opposition is that the - "unlimited
- coinage of silver by the United States
' alone would immediately stop the coin'
age of gold, cause the exportation of a'l
k our gold bullion product, drive all our
gold coin out of circulation, and force
the immediate collection of our foreign
debts."
- Before answering the honorable
gentleman's assertion that our gold
would suddenly take wings and fly
away, we would like to ask of him why
the probability of the enactment of a
". free-coinage measure would deluge us
with those of our jocurities which the
oldwprld aaMS? Does not Europe
"Bold vast securities against other
silver-using countries? Are not Ar
gentine, Chili and China bonded to
' European bankers? Did not China float
j her recent loan in London, with France
and Germany clamoring for it? Is not
: Japanese credit good in any money
mart of.Europe? If the deluge came
K . and our securities were dumped upon
us, would they be unloaded at a sacri-
If they were, would we be the
losers? If they were not, would they
be transferred at all?
And as to our gold bullion goicg
ftKrnwrl urid nur I (1 hidino anv frnm
j-V. pir(.nln.f,ion. what foundation la t.hnrA
. for the supposition? Assuming that
--we have $650,000,000 of gold coin, and
that it would rapidly leave the country
bo soon as there was a certainty that
-'. our mints would be opened to silver,
kindly tell us where it would go, and
what will come in exchange for it.
- You surely wilt not contend that, like
some chimerical thing, it will retire
. from the world and disappear into
' space. It will hot soar to the distant
clouds nor return to the bosom of the
earth, whence it came. If it goes at
all, it will seek some country where its
xcbangeability for debt or for prop-
rty is greater than it is with us. Its
migratory flight will be prompted by
he fact that it can perform a greater
onetary duty elsewhere than here.
ta owners will not hide it away in
aulta for it will not earn anything so
ng as it is idle. And if it goes hence,
Yhat will that something be? If your
contention that liver will fall to CO
rants on the dollar is true, the some
thing will be two dollars in silver for
every one in gold that is carried to
distant realms.
But further, in reference to the pos
sible migration, has it not been de
parting quite rapidly from America
during the past few years, ever since
the prevalence of the conditions which
you and your gold monometalist
friends have declared to be necessary
for its retention among us? Can we
check the outflow of gold by further
continuing the policy under which it
has continued to slip away at the rate
of $100,000,000 a year?
IT CAN BE ACCOMPLISHED
The proposition to organize a joint
stock company in The Dalles for the
purpose of building a woolen mill meets
with discouragement from those who
have it in their heads that The Dalles is
a mossback town, devoid of enterprise,
and composed of capitalists who want
two dollars return for every dollar in
vested. But happily there are few
such crookers, and The Dalles has not
that kind of material in the ascend
ency among her capitalists and
property owners, as is evidenced by
past events. On the contrary, we
have about as enterprising a class of
citizens as is to be found anywhere on
the coast. Let us look backward and
see what they hare done in the last
seventeen years.
In 1879 a move was set on foot to es
tablish an academy here. The people
readily subscribed $20,000 for that
purpose, and the result was the Wasco
Independent Academy, which would
have been in existence still had it re
ceived the support from the surround
ing country to which it was entitled.
Later on three magnificent church
building were destroyed by fire and
they were all rebuilt, principally by
douation, at an averige cost of about
$6000 each. The St. Mary's Academy,
one of the finest school buildings in
the state, grew out of the enterprise
and generosity of Dalles. Then there
was a demand for cheaper freight and
passenger rates between this place and
Portland, and the D. P. & A. N. Co.
was incorporated, and $37,400 of
the capital stock was subscribed
in The Dalles. Again came a demand
for better wagon roads leading into
the interior, and The Dalles put up
several thousand dollars for this pur
pose. So within the past seventeen
years The Dalles has expended alto
gether about $150,000 on enterprise.
When the residents of the city have
thus displayed their public spirit and
liberality in the f ast, it is the merest
folly to say tho $25,000 cannot be
raised for a woolen mill proposition.
Whenever our capitalists see their way
clear and are convinced it will aid in
ing along the prosperity of the
thev wiTrareftHE0111 country, wnicn
vestiffate the matterr"TnSafully
in-
funds will surely be forthcoming,
DEBTORS IN NO DAJSGER.
Our esteemed contemporary makes
this frank admission regarding the
effects of the election of Bryan:
"Gold will go to a premium as sure
as Bryan is elected, and that, too, im
mediately. Prices will rise gradually
as to everything except rold. and " men
who are today cving for their homes
"iat aiS-will find it not easier, but
yery mucn naraer so meet sne oDiiga-
1 tions.
Admitting for the sake of argument
that gold will go to a premium, if
prices rise gradually as to everything
except gold, is not the contention that
debtors will find it harder to meet
the obligations fallacious? If gold goes
to a premium will the advance be any
more rapid than will be the rise in the
price of commodities? If not the
debtor cannot be injured. For if he
owes $100 in gold and has that amount
of product with which to pay the debt,
if gold goes to a premium, and at the
same time his products raise in price
accordingly, its debt paying power
will be just as great as it is at present,
and he will experience no inconven
ience in meeting his obligation. But
suppose he has double the amount of
prod pets, he will, after having paid
his obligation, have a greater amount
left to deposit in bank or invest as he
may desire. Therefore, if the conten
tions of our contemporary are true,
that immediately upon the election of
Bryan gold will go to a premium
and the products of labor will enhance
in value, the debtor who - has only
enough to meet his obligations will be
in the same condition he finds himself
now, while the one who is more than
solvent will derive more from the re
sult of his labor than he does now, and
will be benefitted. This is not only
true of the farmer, but it is-vtrue of
every other producer. . Whatever en
hances the value of any class of product
cannot injure the debtor who is only
solvent, even though the money in
which his obligation is contracted goes
to a premium, while the one who is
more than solvent will derive a profit
from the rise in values.
WILL SUPPORT BRYAN.
There is no longer any speculation'
as to whom Tammany will suprort for
the presidency. Prior to the conven
ing of the Indianapolis convention
many Tammany men were holding
back ready to throw their support to
the nominee of that convention, but
they are no longer undecided as to
where duty calls them. - John C. Shee-
han, leader of Tammany hall, has come
out positively for the endorsement of
Bryan and Sewall and the Cbicago
platform. What determined him
finally, he said, was the action of the
Indianapolis convention in declaring
for the single gold standard.
"Even, the republican convention,"
he said, "did not go to that extreme.
This country has been prosperous
under the double standard since the
war of independence, but monopolists
and advocates of the gold cure have
been gradually stealing from us the
legislation which enriches them and
makes the working classes poorer.
We must get back the beneficent legis
lation of which they robbed us and we
can only get it by electing Bryan and
Sewall and enforcing the principles
enunciated at Chicago."
What has actuated Tammany to en
dorse Bryan will cause many other
democrats, who have heretofore been
wavering, to fall in line and support
the Chicago ticket.
Manager Hanna is pursuing -the
course adopted by tne republican
hosts in Portland last May. When
ever they wanted an audience lor
their speakers they went out into the
highways and byways and Hired a
crowd to assemble at some ball and
listen to a political harangue Now,
whenever Hanna wants to exhibit his
candidate to an audience, he gets up a
free excursion to Canton and runs in a
few thousand.
THE SILVER "DUMP."
One of the contentions of our gold
friends is that if the mints of this
country are opened to the free coinage
of silver, the United States will at once
become the dumping ground for the
silver of the world; that we will virtu
ally bo smothered with the white
metal. What an awful calamity that
would be! How we would swelter and
puff under the awful load! Just pause
for a moment and contemplate the
consequence! Of course China, Japan
and India would not throw their silver
coin and bullion upon us, for they need
it at home; but Europe would, and
since the nations of that continent
have about $1,100,000,000 of coined
silver, according to our gold friends'
theory it would be thrown upon us
with one great slump. But will it
actually come over here to be coined?
Let us examine this proposition from
a business standpoint.
The $1,100,000,000 of silver in Europe
is in active circulation in those coun
tries, and is required as subsidiary
coin to facilitate the ordinary ex
changes in business transactions. Its
coinage ratio to gold is 151 to 1. Not
an ounce of it can be bought at less
than its coin value. To transport and
coin it here at 16 to 1 would entail a
loss of something like $35,000,000.
Very few of our gold friends would
undertake the job, however much they
would want to see their theory verified.
But suppose they should, how would
they supply the vacuum caused in the
circulating medium of Europe by its
deportation? The $850,000,000 of gold
which they propose to take from tne
United States cannot perform its func
tion. Silver cannot be found else
where to take its place, so the dump
over here would have to be robbed and
then up would go the price of silver.
If their theory is correct, we would
like to ask why it is that our neighbor
to the south has not been the dump
ing ground for the silver of the world.
Mexico is a monometalic silver country
and has been for years. Why has not
TSurope been dumping her silver into
that country and having it coined into
bright, shining Mexican dollars? Has
the silver of that continent or of the
United States smothered the Mexicans
since free coinage has prevailed there?
It seems not. Even the United States,
which produces nearly one-half the
silver bullion of the world, has not
attempted to bury the Mexicans with
her silver; but instead has permitted
Europe to buy it and cart it away
across the Atlantic.
To this proposition the answer
would most likely be that the Mexican
dollar is worth but fifty cents in our
money, therefore the silver bullion,
when coined in Mexico, will give the
owner no profit; then when it is said
that in the event of free coinage being
adopted in America, the world's silver
will be dumped upon us, it is admitted
that the contention of the bimotalist,
ee coinags will restore silver to
true. Finally, the
contention eim
facts: Either there will be noTffirWTli
! silver from the effect of free coinage,
or silver and gold bullion will at once
come to a common price at the coinage
ratio of this country.
SWAMPED JN LOGIC.
The mythical 53-cent dollar and the
claim that the silver mine owners are
going to reap a profit of 47 cents on
every 4121 grains of standard silver
they produce whenever the restriction
to coinage is removed, is causing some
of the republican, orators to swamp
themselves in their own logic. They
find the two propositions so incom
patible that it knocks 'the foundation
out from under some of their strong
est argument. Even the brainy Tom
Reed has found some difficulty in
trying to harmonize these two opposite
positions, but finds he has undertaken
an impossibility. Mr. Reed, in a speech
delivered at Brunswick last Wednes
day, wound himself up as follows:
"In one breath, Mr. Bryan advocates
free coinage because it would give the
debtor a cheap money to pay with, and
maintains that silver would rise to
$1.29. Now how in the world is that
to be done? But we make the same
mistake ourselves when we say the
silver mineowner is going to get a
100-cent dollar and the laboring man
will get a 53-cent dollar. The mistake
we make is that it will be at different
times that this will happen. It strikes
me that we should have a panic caused
by the storing away of gold so severe
that we would not know what struck
us. It would gradually come to light
again, tempted by very high rates of
interest. The Silver mineowner
might then get it and it would so result
in his getting a dear dollar, while the
laborer would be satisfied with a cheap
dollar."
Mr. Reed sajs all this will happen
at "different times," but he fails to
tell when those different times will be,
or explain how many months or years
will elapse between the wage earner's
53-cent dollar and the mine owner's
100-cent silver bullion. If Mr. Reed's
theory, that the mine owner will get
more for his bullion thouph the hiding
away of gold, is true, then is it not
true that the "wage earner's 53-cent
dollar" will also increase in purchas
ing power? If the bullion in the dol
lar advances in price, its coinage into
money cannot take away from its
value. Our correspondent, "Pascal'
in yesterday's issue, before having
read Mr. Reed's diagnosis of the case,
asked for information as to how the
two propositions could be made to
harmonize, but since Mr. Reed so ably
contradicted each of the statements
which the gold advocates hang their
hopes upon, it is doubtful if the mat
ter can be made clear.
A GOLDEN VIEW.
' But suppose that free coinage
trinmpns in spite of the eastern cor
ruption fund to carry doubtful states?
The owners of real estate and of tang
ible personal property will neither
lose nor gain by any alteration in the
money standard. Hence everyone who
has money at his disposal can protect
himself against loss through free silver
by converting his money into land,
houses and merchandise of various
kinds. If, besides, he borrows more
money and uses it for the purpose, he
will make a profit on the transaction
at the expense of the man from whom
he borrows Under the reign of silver
at 16 to 1 a farm or a house and lot now
worth $10,000, will be worth 20,000;
a bushel of wheat now selling for 50
cents wil sell for a dollar, and similar
articles will advance in the same pro
portion. New York Sun.
This powerful advocate of the single
gold standard and supporter of Mc
Kinley must have missed its bearing.
From the outset of this campaign it
has been preaching that the land
owner, the farmer, and laborer would
be ruined and all business flattened by
the free coinage of silver, and now it j
concludes tht almost , everybody but
the money lender will be benofited.
Lands, realty of all kinds, and wheat
! rnjs i i f i v-k j .
will double in value. But the poor
money lender will not be able to fry
so much fat out cf his clients. And
this is about the size of the thing.
The business of the usurer will be
crippled by the increase of circulating
raeuium while other avocations will
be improved.
SQUARELY ON THE PLATFORM
William J. Bryan has given his let
ter of acceptance to the public, and in
it says he stands squarely upon the
platform promulgated at Cbicago. He
takes the different declarations of the
the platform for his text, and discusses
them from his standpoint, intimating
the policy he will pursue in case of his
election. From the expressions of his
letter none can doubt the policy he
rrill pursue if elected. His adminis
tration will bo economical, though not
niggardly; it will not be in the interest
of any clique, clan or class, but a
broad policy in the interest of all the
people will be pursued.
The enunciations in Mr. Bryan's
letter are all clear and unmistakable,
and the voter can now feel assured of
what to expect from his administra
tion. Its first purpose will be to re
adjust our financial system so that our
silver bullion can be converted into
money of final redemption, thus
taking the government out of the
banking business, and after that has
been accomplished, other needed legis
lature will follow.
Bryan is squarely with the platform
in declaring that the money question
must first be settled, and will contine
to make it the chief issue in his cam
paign, though he does not lose sight of
other important features, such as equal
taxation, curtailing the powers of
corporations and trusts, and the right
of the government to regulate trans
portation. EDITORIAL NOTES.
Secretary of Agriculture Morton has
at last given up that Bryan will carry
Nebraska, and he regrets to give it as
his opinion that he will carry every
state west of the Mississippi river.
The successful operation of the locks
in taking the Sadie B through the
other day confirms our contention that
the canal could have been operated all
this season without further improve
ments. The way to make The Dalles pros
perous is to furnish employment for
more men and women. This can be
done by starting manufacturing in
dustries. The first one to be estab
lished should be a woolen mill.
Bourke Cochran resortS" to some fine
drawn technicalities. He is support
ing McKinley for president still can
not accept a congressional nomination
at the hands of republicans and gold
standard democrats.
If this is to be an educational cam
paign, why not have a series of joint
debates between the advocates of differ
ent policies? The democratic speak-
77--Qregon are desirous of dividing
brethren at
all times and places,
ine populace go out en masse
hear Bryan speak, Vuirdu
to
wants an audience they run them in on
a free excursion train. It is only a
difference in the management of a
campaign with a representative of the
the plutocrats and a representative of
the people.
In another column is published - a
call for he organization of a W. J.
Bryan club. All who believe in equal
rights to all and special privlledges to
none (especially to the money loaners),
and those who believe that the inter
ests of the masses would bo best sub
served by the free and unlimited coin
age of silver are requested to attend
and become members of the club.
The candidacy of Palmer and Buck
ner is without excuse. They cannot
hope to carry a single state. There
are but really two candidates in the
field. Democrats who do not want
"Bryan for president cap best voice
their sentiment by supporting Mo
jtuniey, and on tne otner Hand, re
publicans who have 'discarded McKin
ley will vote for Bryan.
wnen Vermont rolled up a re
publican majority of 39,000 the other
day, an increase of something like
10,000, we were told that was an in
dication of how the presidential elec
tion was going. Now Arkansas comes
in with an increased democratic
majority of nearly 20,000 over the vote
cast in 1892. Wonder if this ia also
an index to the result of the coming
November election?
The fact that The Dalles is shipping
more fruit right now than any other
point in Oregen is an accumulation of
evidence of the necessity of opening
tfie locks at an early date. Give us
cheaper freight rates, and our fruit
and melons will seek the markets of
the Northwest. People everywhere
want our fruits but they cannot pay
exorbitant freight rates to get them
The Oregonian can no longer be
consistent and support Major McKin
ley and the republican national plat
form, since the Indianapolis platform
declares for a gold standard, while the
St. Louis platform wants international
bimetalism. The Oregonian is a single
gold standard organ, and to bo con
sistent must drop McKinley and take
up the cause of Palmer,
The republican brethren in this con
gressional district who fought, bled
and died under Judge Northup's ban
ner last June can hardly be expected
to swallow McKinley and) the St.
Louis platform. Happily, however,
they can find a paradise in Palmer's
camp and a standing place on the
Indianapolis convention, for Palmer
and his platform are for gold with a
vengence..
If gold monometalism is a good
thing, why does the republican na
tional platform favor bimetalism by
international agreement? And if bi
metalism is desirable why should any
one oppose tne oniy metnod oi secur
ing it? We have tried to get it by
international agreement, and failed,
then why oppose independent bimetal
ism, which is conceded to be the only
means by which it can be secured,
Daniel S. Lamont, President Cleve
land's secretary of war, has come out
in a letter pledging his support to Pal
mer, and the dispatches say his declar
ation was "hailed with satisfaction at
the republican headquarters." No
doubt it was. Republican leaders
know as well as anybody else Palmer
is only the annex to McKinley's cam
paign, and wai nominated for no other
purpose than to elect McKinley.
A crowd of McKinley admirers as
sembled at Canton, Ohio, a few days
ago to do honor to the republican can
didate for president. They did . him
harm, for they scattered a circular
reading as follows: "A vote for Wil
liam J. Bryan is a vote for rum, roman
ism, rebellion, priestcraft, national
Dr.
dishonor and anarchy." VcKin'.ry
' has been praying ever siace to bo de-
m ... -
livered from his "fool friends."
One manufacturing industry estab
lished in The Dalles will call for
others. For instance if we had a
woolen mill, a clothing establishment
would ba necessary to work up its i
product. If we had a wool scouring
plant a soap factory to consume the
refuso would follpw. Let one manu
frcturing industry be established here,
and within five years The Dalles will
be the manufacturing center of
Orogon.
What is the matter with that man
Hilary A. Herbert, who is secretary of
the navy, that he has to send his
political expressions to a London
paper? If he is going to support Mc
Kinley, why don't he cone out and tell
some American paper so? But since
he is one of those who favor allowing
England to dictate to our financial
policy, he probably thinks the London
papers should els 3 have a corner on
the news.
Mr. Bryan insists that the tariff
question cannot be made an issue until
the financial question is settled. He
wants to know why it would not be
well to submit it to international
agreement along with the money ques
tion. How would this suit our repub
lican friends anyway? Why not ask
the consent of Great Britain to levy
import duties upon her products if we
are to be guided by her dictates with
reference to our financial policies?
Unless the unforseoa happens, Capt.
Fiske informs -us the -canal and locks
at the Cascades will be-. opened for
traffic on Nov. 15. Then The Dalles will
be the head of free navigation on the
Columbia river, which will give i5 a
prestige over all other points in East
ern Oregon. But it will not derive
full benefit from this prestige until it
becomes something of a manufacturing
town. The establishing of a single
factory here will be the first great step
toward progress.
The issue of interest-bearing bonds
in time of peace is justly condemned
by the republican national platform,
and the orators of that party are pledg
ing that it shall not again occur if
Major McKinley is elected president;
but how is he going to obtain gold
with which to redeem our credit cur
rency except by the issue of bonds?
He cannot expect to get assistance
from the Benate to raise revenue, and
if he did there would be no provision
for paying duties in gold.
A few, though very few, of the j-old-standard
press continue to harp about
the low wages paid the half-civilized
laborers in Mexico, and-compare them
with the wages received by the intel
ligent workmen in America as an
argument against the free coinage of
silver, but the more enlightened
papers have given up the idea that
this is argument. They concede that
it is the condition of the laborers, not
the standard of money that makes
wages low in Mexico.
There is more wool stored in The
Dalles today, belonging to original
owner, than at any other point in the
United States. In fact this is ono of
the largest wool centers on the conti-
not a pound for home consumption; or
at least there is no means for consum
ing a pound. This is all wrong. In
stead of shipping seven or eight mil
lion pounds of wool each year wo
should be shipping two or three million
pounds of manufactured woolens. Start
one -woolen mill this vear and within
ten years The Dalles will have a mill
ing capacity sufficient to work up all
the raw material that comes to this
market.
Thero is no parallel between the po
sition of the Times-Mountaineer on
the money question and that of Sen
ator Mitchell. This paper, when it
opposed the free coinage of Bilver held
that international agreement was im
practicable and still clings to that
proposition, while Senator Mitchell
was more emphatic and declared that
it was as impossible as it would be to
get a railroad to the planet Mars.
However we' admit both Senator
Mitchell and the Times-Modntaineek
have somewhat changed their positions
on the money question. The senator
has espoused the cause of the money
lenders, while the Times-Mountain
eer has got onto the side of the people,
"Forgets his illustrious father," is
the way the Oregonian heads a dis
patch announcing that Jesse R. Grant,
son of General U. S. Grant, had severed
hi3 connection with the republican
party and had joined the populists in
San Diego, Cal. We would rather
think Mr. Grant remembers the admo
nitions of his illustrious father, who
warned the people against the dangers
of corporations gaining control of the
government. In the candidacy of Ma
jor McKinley, backed by Hanna and
his syndicates, he sees danger to the
masses and is doing just what his
father would do were he alive today
getting on the side of the people.
The Chronicle yesterday told its
readers that "in 1873 the usual rate of
interest on loans in Oregon was 12 to
15 per cent, and many loans were made
at 24 per cent." ; Possibly this is true,
but if it is, the money loaner was charg
ing an usurous rate of interest. The
legal rate cf interest in Oregon from
Oct. 16, 1862, to Oct. 2-3, 1880, was 10
per cent, and no more than 12 per cent
per annum could be charged. (See
acts of Oregon .- legislature, Oct. 16,
1862 and Deady's old code, page 755).
Since 1830 the legal rate of interest
has been 8 per cent, and the highest
rate allowable by law was 10 per cent.
(See act of Oct. 25, 1680, and Hills code,
paragraph 3537).
Many prominent republican papers
of Oregon have from time to time pa
raded the fact that Senator John H.
Mitchell was a demogogue of the worst
sort. We have beeu slow to believe
their statements regarding him, but
after having read his speach delivered
at Woodburn, we must conclude they
were right. His speech was devoted
principally in an effort to belittle the
populists for combining with their
former enimies, the democrats, and
warned them against allowing their
party to be swallowed up by the demo
cratic lion, and apologizing for his sup
porting McKinley on a gold platform,
after his long advocacy of free coin-
coinage of silver. His excuse for a
change of front is that there is a re
mote hope that international bime
talism may be secured by persistently
beseaching foreign powers. He ack
nowledges that last January he was
convinced that was impossible, but his
mind has been changed by Senator
Hoar having written a letter from
Paris saying the thing can be accomp
lished. Such demagoguism is rarely
met with in an old politician like
Senator Mitchell, and is resorted to
only when argument is wanting.
Price's Cream Baking Powder
Awarded Gold Medcl Midwinter F'ir, Saa FrandKa.
'S AC
He Endorses Every. Plank
the National Platform.
of
MONEY QUESTION
H8 Holds tn b3th3 Viti! Is;a
Tariff can Wait Until
That is Settled.
He Desires to Be Free to Serve thd Inte
rests of the People Therefore Will
Refuse to Be a Condldate the
Second time. .
Lincoln, Neb., Sept. 9. W. J.
Bryan today sent to the members of
the notification committee of the derv
ocratic national convention a forma)
1UI
rincipai
i:o-.v:
letter of acceptance. The pri
features of his letter were as fol
"So deeply am I impressed wiih the?
magnitude of the power vested by the'
constitution in the chief executive of)
the nation, and with the enormous in-
fluence which he can yield. for the
benefit or injury of the people, that I
wish to enter the office, if elected, free
from every personal desire, except the
desire to prove worthy the confidence
of my country. Human judgment is
falliblfe enough when unbiased by self
ish considerations, and in order that I
may Dot be tempted to use the patron
age of the ofHce to advance any per
sonal ambition, I hereby announce
with all the emphasis which words can
express my fixed determination, not
under any circumstances to bo a candi
date for re-election, in case this cam
paign results in my election.
"I have carefully considered the
platform adopted by the democratic
national convention and unqualifiedly
indorse each plank thereof.
ECONOMY.
"Since governments exist for the
protection of the rights of tho people,
and not their exspoliation, no expendi
ture can be justified unless that ex
penditure is necessary for the honest,
economical and efficient administra
tion of the government. In determin
ing what appropriations are necessary,
the interest of those who pay taxes
should be consulted, rather than the
wishes of those who receive or dis
burse public moneys.
BOND ISSUES.
"An increase in tho bouded debt of
the Unitnd States at this timd is En
tirely without excuse. The issue f
interest bearing bonds within thfe laf-t
few years has been defended, on the
ground that they were necessary to
secure gold with which X0 redeem
United States notes and treasury notes,
but this necessity has beafn imaginary
rat-ber than real. Insteaj of exercising
the legal right vested in the United
States to redeem fits coin in either
gold or silver, thefexecutive branch of
the governmenthas followed a prece
dent established by a former adminis
tration, and surrendered the option to
the holder of the obligations.
"This pHinistrative policy leaves
.no Kuvernmei,fc ftfc ,h(, , thosG
who find a pecuijiapy proflt in bond ia.
sues. "The-Jact
1 that the dealers in
money and secuuic8 have been ab,e
to deplete or prtoctnhe tPeaaury ac.
cording to tge.r changing whimSi
shows how dangerous it is to permit
them toexe . a controlling influence
(Ovoi-f. BfHt
PENSIONS.
"No nation can afford to be unjust to
its defenders. The care of those who
have suffered injury in the tnillitary
and naval service of the country is a
sacred duty. A nation which, like the
United States, relies upon voluntary
service rather than upon a large stand
ing army, adds to its own security
when iii makes generous provision for
those who have risked their lives in
its defense and those who are depend
ent upon them. .
THE PRODUCERS OP WEALTH.
"Labor creates capital. Until wealth
is produced by the application of brain
and muscle to the resources of this
country there is nothing to divide
among the non-producing classes of
society. Since the producers of weal th
create the nation's prosperity in time
of peace, and defend the nation's flag
in time of peril, their interests ought
at all times to be considered by those
who stand in official positions. The
democratic party has ever found its
voting strength among those who are
proud to be known as the common
people, and it pledges itself to propose
and enact such legislation as is neces
sary to protect the masses in the free
exercise of every political right and in
the enjoyment of their just share of
the rewards of their labor.
ARBITRATION.
I desire to give special emphasis to
the plank which recommends such leg
islation as is necessary to secure the
arbitration of differences between em
ployers engaged in interstate com
merce and their employes. Arbitra
tion is not a new idea it is simply an
extension of the court of justice. The
laboring men of the country have ex
pressed a desire for arbitiation, and
the railroads cannot reasonably object
to the decisions rendered by an im
partial tribunal.
TRUSTS.
"The democratic party is opposed to
trusts. It would be recreant to. its
duty to the people of the country if it
recognized either the moral or the
legal right of these aggregations of
wealth to stifle competition, bankrupt
rivals and then .prey upon society.
Corporations are the creatures of law,
and they must not bo permitted to pass
from under the control of the power
wnicn created teem, xney are per
mitted to exist upon the theory that
they advance the public weal, and they
must not be allowed to use their pow
ers for the public injury.
RAILROADS.
"The right of the United States gov
ernment to regulate-, interstate com
merce cannot be questioned, and the
necessity for vigorous exercise of that
right is becoming more and more im
perative. The interests cf the whole
people require such an enlargement of
the powers of the interstate commis
sion as will enable it to prevent dis
crimination between persons and
places and protect patrons from un
reasonable charges.
PACIFIC RAILROADS.
The government cannot afford to
discriminate between its debtors and
v-zi, therefore, prosecute its legal
claims against the Pacific roads. Such
a policy is necessary for the protection
of the rights of the patrons as well as
for the interests of the government.
THE TARIFF.
"It is not necessary to discuss the
nil'T I V'C
tariff question at this time. What
ever may bo the individual views of
citizens as to' 'the relative merits of
protection and tariff reform, all must
recognize that until the money ques-j
tion is fully and finally settled tho
American people will not consent to
the consideration of any other impor
tant question.
Taxation presents a problem which
in some lorm is continually present
and a postponment of definite action
upon it involves nosacraficeof personal
opinion or political principle, but tho
crisis presented by the financial con
ditions cannot be postponed. Tremen
dous results will follow the action
taken bv the United States on tho
money question and delay is im possible
The people of this nation, sitting as a
high court, must render judgement in
the cause which greed is prosecuting
against humanity. The decision will
either give hope and inspiration to
those who toil or 'shut the doors of
mercy on mankind.' "In the presence
of this overshadowing issue, differen
ces of opinion on minor questions must
be laid aside in order that there may
be a united action among those who
are determined that progress to
ward a universal gold standard shall
be staved and tho eold and eilver of
the constitution be restored.
William J. Bryan."
TKXA3 KITI'DLICANS.
Conditions for Fusion Have Been Practi
cally Arranged.
Fort Worth. Tex., Sept. 10. The
renuhlicin stato eon rnn tion re";onven
(ei at 10 o'clock this morning with I
full representation. The credentials
committee reported 40 contests, all of
which were adjusted amicably. The
eofojnittee ou resolutions recommend
ed t&te appointment of a committee of
thret with plenary power to confer
wlthf a similar committeeof gold-standard
(Icmocrats and populists looking to
an afmicable division of congressmen
Tha populists are enthusiastic over the
majfter. The coalition is already prac
ticably arranged. H. B. Kaine, of
Palestine, an original McKinley man,
wals elected permanent chairman. In
difcations are K. H. TL Green will be
clb03en unanimously for governor.
hich is intended to harmonize all fac
tions. The results of the convention
thus far virtually shelve Cuney and
Grant.
!
) Republican Editors.
y Canton, Sopt. 8. The .republican
Editorial Association assembled this
morning. The venerable John Hop
ley, of Bucyrua was in the chair, with
Col. R. B. Brown, of the Zanesvillo
Courier, as vice-president; C. B. Mc
Coy, of Coshocton, as secretary. An
able paper on financial instruction was
read by H. H. Boyden, of the Cincin
nati Commercial-Tribune.
The editors will call on Major Mc
Kinley at 3:30. A feature of the after
noon session was an address by Charles
Emory Smith, editor of the Philadel
phia Press, on "The Campaign of Edu
cation." Chairman Joues Talks.
Chicago, Sept. 8. -Chairman Jones,
of the democratic committee, in speak
ing of the Arkansas eloction today,
said: "I expected a majority of about
40,000, but was entirely unprepared for
what seems to be the result. I attrib
ute ilio tremendous majority to bimet
alism. Tho result in Arkansas ehows
what may be expected throughout the
entire South and West, just as the re
sult in Vermont foreshadows the result
in tho New England states."
Gold in Abundance.
Butte, Mont., Sept. 8. Another
great gold discovery has been made in
Montana, and this time in a neighbor
hood uzhuiH tiao- f urnitthArl- mllllone of
gold to the world from its placers. F.
S. Thurston, general 'manager of the
Old Faithful mine, a few miles from
the old town of Bannock, arrived in
the city yesterday with news that a
most important discovery had been
made there during the past week. A
ledge of ere of unknown width was
opoued up which is richer than any
thing yet discovered in Montana.
Acceptances Filed.
Salem, Sept. 8 Hon. T. T. Geer to
day filed a certificate of nomination
and his acceptance thereof as a Candi
date for the office of presidential
elector on the republican ticket. All
the republican candidates for electors
have regularly filed their certificates
and acceptances of nomination. W.
W. Oglesby filed his certificate and
acceptance of nomination as president
ial elector by the democratic conven
tion. The Inflow of Gold.
New York, Sept. 10 The steam
ship Columbia, leaving London today,
brings $1,000,000 in gold consigned to
Heldelbacb, Icklebeimer & Co. Tho
steamship Travc, from Southampton,
brought W.232, 000 in gold making the
total arivals to date $18,801,250.
lias the luhido Track.
tTJEBLO, Colo., Sept. 10. Congress
man John C. Bell was unanimous! v
renominated by the populist congress
ional convention for the second dis
trict of Colorado today. He has the
indorsement of the democrats, the
silver party and the silver republicans.
Indorsed by PopalUts.
Des Moines, Sept. 10. The populist
state convention met today. No
ticket was nominated. The demo
cratic ticket nominated at Ottumwa,
together with the democratic electors
were indorsed.
A man's life may
be saved in many
ways. A man may
commit suicide in a
great many ways.
Shooting himself
through the head
is quicker, but it
is no more certain
than neglecting his
health. - If a woman
saw her husband
with a pistol to his
head, she would
take prompt and
vigorous measures
to save him : but
the same woman might see her husband
on the down-grade to disease and death
without seeing the seriousness of it. One
sixth of all the people who die, die of
consumption. Consumption doesn't come
dl at once. It is insidious. The seeds
rf it are stemingly insignificant. Most
people do not know how it starts. Thou
sands of people are on the toad to ecu
Sumption and don't know it. When
ever there is loss of flesh paleness
wasting away look out. Consumption
;asily finds a foot -hold in a weakened
body. Low vitality, impure or poor
blood, impetfect digestion, nervousness,
sleeplessness all these lead to consump
tion. Taken in time. Dr. Pierce's Golden
Medical Discovery will prevent the de
velopment of the disease. Taken accord
ing to directions, it will positively and
perfectly cure ninety-eight per cent, of
all cases of consumption, whether in
cipient or fully developed. Consumption
is a disease of the blood. The " Golden
Medical Discovery" is a cure for all blood
diseases, no matter in what part or how
they manifest themselves.
It yon want to know all about it, and
what it has done for other people, send
twenty-one (21 ) one-cent stamps to covet
the cost of mailing only for a free copv
of Dr. Pierce's great ioo3 page work,
"Common Sense Medical Adviser."
Every family should have a copy of this
book for ready referenre. World's Dispen
sary Medical Association, Buffalo, N. y.
BRYAN AT HOMK AGAIN'
He was Cordially Welcomed
by His Townsmen.
X BIG MAJOJUTY
The Democrats Carried Arkansas by
Twice the Majority Ever Before
Polled in the State.
Republican Editors Pay Their Respect to
McKinley Chairman Jones Grati
fied at the Resolt In Arkansas
Rich Strike In Montana.
Lincoln, Neb., Sept. 8. Tho second
home-coming of Bryan, after his nom
ination, was marked with enthusiasm.
There were about 5C0O people at tho
denot with two bands. Prominent
citizens escorted Bryan to a carriage
Cheer after cheer went up, and the
bands added to the diu. Two oilver
clubs and citizens in carriages headed
by bands formed a procession which
escorted Bryan from the Burlington
depot to his homo. An immense crowd
had gathered, and some time elapsed
before the candidate could got inside
the house on account of the delay oc
casioned by handshaking.
At Pacific Junction, Ia., at 8:40 to
day. 200 residents had gone to the
depot before breakfasting to see Bryan
He made a short speech, saying that
in the East bo found the people about
as mu;h stirred up as out here.
"I believe wo have more people on
our sido than wo havo against us." he
said, ''I have the greatest respect for
the financiers, but I believe the best
financier is the .man who attends to
his own business and lets people have
something- to sav in running this
government."
At Plattsmouth 500 Nobraskans wel
comed Brvan with hearty cheers and
tooting horns. A gaily decorated plat
form had been erected and the county
band added its music to the din.
Bryan was most cordially welcomed
at both Plattsmouth and Omaha, and
shook hands with a great many people
About 000 friends met tho train in
Omaha. Bryan in a short talk told of
crreftt interest manifested In silver in
tho East. ,
JIATTI.K " ELEMENTS.
The Storm Ca?es on the Kew England
Coast, Fury Somewhat Abated.
Boston, SeDt. 10. Tho uortheast
storm which swept the Now England
coast last night had not passed, athough
its force is somewhat diminished. The
winds come in heavy gusts. The
weather observer says the rain may
not stop before1 night. Many cellars
are flooded and wharves and low lying
streets are swamped. Reports from
New England coast cities indicate
considerable damage to shipping.
From inland points come reports of
much damage to crops and fruit trees.
This storm, which is the first West
India hurricane of tho season, has been
on its way from tho tropics for some
time past and has been gathering force
as it proceeded, so that when it struck
the New England coast the climax of
its fury was reached, and the entiie
adjoining country caught tho full force
of the gale.
The wind was accompanied by rain
which, being driven with terrible
force against trees and shrubs, played
havoc with their foliage, as well as
destroying whatever fruit was hanging
to the trees.
The height attained by the tide yes
terday was the greatest in years, the
waves dashing far up the beach, and
ia some instances destroying houses
by their fearful force.
Tho harbor here is filled with storm
bouna vessels, wbose captains are
afraid to venture to sea until tho storm
subsides, with no prospect of a return
of its fury.
WOMEN IN TUG CAMPAIGN.
Feminine Admirers of llryan Organise for
Action.
Chicago, Sept. 10. Tho women are
without votes, but they have voices,
So undismayed by the selfishness of
several millions of men who want all
the votes, they make use of their
voices and influence to guide the
ballots of some of those sovereigns to
Mr. Bryan and free silver. This is
what the Woman's National Silver
league will undertake as soon as its
members can settle on the details of a
permanent organization. It is not
exactly a married woman'" league,
although they predominate, and will
be held to strict account for o.-ie silver
vote each, for the work will go further
and reach men in crowds.
In a few days, if the contemplated
permanent organization turns out all
right, whosoever will may hear as
much free-silver talk in five minutes
as he can digest in a day. The women
themselves will be heard on tho ab
sorbing question, and men, married
men in particular, will dispute them at
their peril.
It is the purpose of the women to go
into the campaign of education with a
number of open debating-rooms, where
all men may stop and listen and not
be asked if their wives know they are
out. These rooms will be in the down
town dist-ict, and will be open from
noon till midnight. The work will be
extended through the countrv, how
ever, before the campaign is over.
THE ELECTION Mi ARKANSAS.
A Democratic
Majority
Claimed.
of 03,000 Is
Little Rock, Ark., Sept. 8. Re
turns of the election in this state con
tinue to come in, but very few official
counts have yet been made, and fully
10 days will elapse before complete re
turns are in. Last night's estimate of
50,000 to 60,000 democratic majority
will .undoubtedly be verified, with a
possible increase of 5000 to 10,000.
From all counties the report comes of
a iair ana square vote ana an open
count of the ballot is now going on
The democratic ticket was elected by
twice the majority ever before polled
in the sate. It is a noteworthy fact
that at least 5000 populists deserted
Files and voted for Jones, as did
large number of colored voters of
Woodson and Jackson counties. The
fusion ticket of the republicans and
populists carried the legislative and
several county offices in the Northwest,
but no report has been received up to
this hour of any county having gone
for either of these parties.
FIRE AT fTOKANE.
Germond
Block Badly Damaged by
Flames
Spokane, Sept. 10. Fire broke out
in the Germond block at an early hour
yesterday morning, the flames first
making their appearance in a room on
the upper floor, which is occupied by
com any P, of the 8tat9 militia, from
whence they extended to all tho ct v:r
rooms upon tnat noor. x ne nre uo-
partment awived promptly on tho
scene and succeeded in extinguishing
the flames after half an hour's hard'
work. Several stores, located on t':o
lower floor of tho structure, had th'jir
contents badly damaged by watrr,
which ran down from tho burning
rooms above. Tho total loss by tho
firo is placed at from $5000 to $7000, of
which company B will lose $o00 and
the state of Washington $2000. The
other losf.es are distributed among tho
firms having stores in the building
and tho owners of the building.
The fire U supposed to have origi
nated from alighted cigar stump be
ing carelessly thrown down by Rome
member of company B during drill the
evening before.
Marion Connty Wheat.
Salem. Or. Sept. 8. Wheat is today
selling at 42 cents per bushel in Salem.
The price has been rather fluctuating
during the season, ranging from 41 to
49 cents. The run at the Salem flour
ing mills is not so brisk now as it has
boon. About 00,000 bushels heve been
reseived, and wheat is yet coming ia .
at the rate of about 1500 bushels a day.
The flouring mills expect to receive
20,000 to 2.",000 bushels yet.
S BED
Fry your food in Cottolene
instead of lard and it will be
free from that greasiness and
"richness" so distressing to
dyspeptics; the flavor will be
delicious instead of rancid,
and your food will da you.
good. Put it ia a cold pan,
heating it with the pan.
Cottolene reaches the cook
ing point much quicker than
lard care should therefore
betaken not to overheat it.
Follow these instructions
you will never use lard again.
Gamine Cottolene has trsde-m arks mCoU
4obm" and itfr'i head in rotton-plaul
tmoll on ererr tin. Usds only br Q
Ulas, ! matkM, rarllaas, Orafoa,
v mw tore.
DOCTOR 6.W. SHORES'
COMPLETE
ATARRH
URE.
BOTH LOCAL
AND lXTEKXAIt,
The only remedy fnaranteed te absolotely
cere catarrtt aad completely eradicate toe
Cisease lierfl the blood and System.
FULL SIZE, S1.C0; TRIAL SIZE, 25c
eh full sirs packars contains ons full monln's
local treatment, ons full month's supply ef Catarrh
Healing- Balm and one full month's supply of Catarrh.
Blood and Stomach Pillt.
If vou have anv of the followlne; symptoms. Dr t3.
W. Shores' Complete Catsrrh Cure will etve you In
stant relief and completely end permanently curs yow
ls the nose stopped up?
Does your nose discharge?
Is the nose sore and tender?
I there pain In front of head?
Do ynu hawk to clear the throat?
Is your throat drv In the nomine;? -
Do you sleep with your mouth open? .
Is your hearinr f allln;?
Do yotir sirs discharge?
Is the wax dry In your ears?
Do you dear better soma days than others?
Ii your hearlne worse when yon have s cold?
Dr. a. W. Shores' Cough Cure cures all conrtis,
colls and bronchl.il affections. Ons dose will sloe
spasmodic cmup. Keep a bottle hi the house. Lsrre
site bottles 2Sc. If you hivs Ihese symptoms ass It
ss directed on the bottle and It will curs you.
Have vou s coueh?
Do you take cold easily?
Have you a pain In the side?
Do you raise frolhv material?
Do you couch In the moraines?
-Oo yon spit up little cheesy lumps?
Or. O. Shores' Toalcend Blood Farlfler de an
tes and purifies the blood, gives strength and visor,
cures dyspepsia and sll nervous diseases. Crire,
$1 per bottle. It permanently cures the fdMowlaa
symptoms:
Is then nausea?
Do you belch up (as? a
Are you constipated?
1 your toneue coated?
Do you bloat up after eatlne?
Do you feel you are (rowing weaker?
Is then constant bad taste in the mouth?
Dr. O. W. Shores' Kidney aad Uver Car
cures all diseases of the kidneys. Uver and bladdsa
Price. $1 per bottle.
Do you get dixzy?
Have you cold teet?
Do you feel miserable?
Do you get tired easily? . .
Do you have hot Dashes? -
Are your spirits low at times?
Do you have rumbling In bowels?
Do your hands and teet swell?
this noticed more st night?
Is there pain In small of back?
Has the perspiration a bad odor? ,
Is there puntness under the eyes? '
Do you have to get up oftea at night?
Is there a deposit la urine It left standing?
Don't neglect these signs and risk Bright s disease
fciltiner vou. Dr. Snores' Kidney and liver cure will
cure you if used as directed oa the bottle.
Dr. O. W. Shores' Mountain Sara Oil stops the
worst pain In one minute. For headache, toothache.
neuralgia, cramps or colic use It extcrnsliv and In
ternally. Prevents and cures diphtheria tr used tat
time. Keep a bottle handy. Price, Kc s bottle.
Dr. Q. W. Shores' Pepsin Vermifuge dctroye
Intestinal worms and removes the little roaud nest
where they hatch and breed. It sever falls. Price)
2Sc s botte.
Dr. Q. W. Shores' Wlnterrreea Solve cures a
diseases of ths skin. Kemoves red spots and black
impies from the face. Heals eld sores la J to) days.
rice, 25 a boa.
Dr a. W. Shores' Antl-Constlpetloo Pllla
cure chronic constipation, sick headache end bilious
attacks. Price. 35c a bottle.
In all cases. If the bowels are ennetlrtafed take efts of
Dr. G.W. Shores' Anrt-Constlparion Pillsat bedtime..
I' your trouble is chronic ana aeep-seatcd. write it.
G . Shores personally for his new sympton-. list
snd hsve your case diagnosed and get his SJtpeti sd
vice free.
These famous remedies are prepared on'y by
tor G. W. Shores. Zlon's Medial Iwsilute, Salt Lake
City. Utah.
For sals by all Druggists, or snt b anv address eel
receipt of price.
FOR SALE BY
BLAKELEY & HOUGHTOX
THE DALLES, OREGON.
Fruit Jars
Down to Bedrock
In order to diRpose of our im
mense -stock of Mason Fruit
Jars we make the following
prices per dozen for the next
ten days: : : : :
1-2 Gallon ... 90 can's
L Quart .... 70 cents
L Pint 60 cents'
E. J. Collins & Co.
THE DALLES
iigar Factory
ECOSD urnEET
Opposite J-.e Implement Warehouse
FACTORY NO. 105.
Clears of the Best Brandn mannfo
(Pnunnnni iiiuuiuiii itiuftintittttiniuu in iiuiunii m ni v
tured, and orders from all Darts of t
country filled on the shortest notice.
The reputation of THE DAl.r.va
CIGAR has become firmly established,
and the demand for the home manufac
tured article is increasing every day.