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About The daily morning Astorian. (Astoria, Or.) 1883-1899 | View Entire Issue (Aug. 5, 1896)
ASTORIH PUBLIC I,IP?.ATY 5W SAVE TIME TheDajy Astoria n 05w !JL H A RKioUS ' AND F'tBMANk.H ...Family Cireulattow... Much modi than thbm Tti At LAWi THAT AKY OTHfiH KAP IN AiTOHlV 1-xNiwg 0W? it II J WOITV " IJL An "Ad In Tir AMuMiWft "Wni Column." EXCLUSIVE TELICGKAPHIC PRESS REPORT. VOL XLV. ASTOIMA, OllEUON, VEI)NKSIAY MOKMMi, Al'dl'ST 5, IfKMi. NO. 185 SPECIAL To more fully satisfy creditors with their money than in the past three months, on account of the strike, and to reduce expenses, the Trustee has instructed me to take charge again as his agent, and to crowd things, which I shall do by selling all lines from date at cost to manufacture. 4W 1. L. OSGOOD, Agent 506-508 Commercial For the One-Price Clothiers St., Astoria, Or. Haittrs ml Furnishers. 4 ' Our Handy Wagon... Combine all tha faalurra of the ohlld'l plain iun and a velociprd. an.l, all thins consular.!, coate tba cvnuuraur lca than tlthar. Ho talnt), convenient and ailafacory ha It proven, thai, aa a ready "acllir," It haa no equal. 't taka iprclnl prlila, tou. In delivering I ho aania prompily and In fatiltlex eond' tlon to th trada. Children's Wagons, Baby Carriages, Base Ball Goods, Fishing Croquet Tackle, Sets Garden Tools GRIFFIN 4 REED CITY BOOK STORE HARDWARE, PLUMBING TIN WORK JOB WORK (1KANITE WAKE, ROPO. STOVES, IKON PIPE, TEK KA COTTA PIPES, BAK IKON. STEEL, CANNEKY 51PPLIES, LOUDENS' TOOLS AT PRICES THAT DEFY COMPETITION Call and Be Convinced SOL OPPENHEIMER Trustee for the Ute M. C. CROSBY Oregon State Normal School MONMOUTH. OHEGON. A Training School for Teachers. Senior Year Wholly Professional. Twenty weeks of Psychology and General and Special Methods; twenty weeks of Teaching and Training Department. Training school of nine grade with two hundred children. Regular Normal Course of Three Yearr. The Normal Diploma la recognised by law as a Stat Life Certificate to teach. Light Expenses; Board at Normal Dining Hnll $1.60 per week. Furnish ed rooms with light and lire, 75o to 11.00 per week. Board and Lodging In private families 12.60 to 13.60 per week. TUITION: Sub-Normal, 16.00 per term of ten weeks; Normal, $.25 per term of ten weeks. Grades from reputable schools accepted. Catalogues cheerfully furnished on application. Address P. L. CAHPBELL, Pres., or Y. A. WANN, Sec. of Faculty. SOME PHASES OF FREE SILVER A Business .Man's Simple Statement of What Would I'ullow Its Adoption. hll.VI H NOT A CHEAP MONEY Sirou Costr( Brtt.cc (be rrotpetity id tenure's (,t Hold Staodurd sd Silver Stasdard Coast ries. '.- V- t5" nur.-' lTsTt' ."Vf-.-, rfH ..GopENT OF THE jlOLY flflMES.. jj Astoria, Oregon. FRANKLIN AND SIXTEENTH STS. Opening of a Day and Boarding, Primary, Grammar and High School for Girl by the Bisters of the Holy Names of Jesus and Mary, from St. Mary's Academy and College, Portland, Oregon, HEI'TEMDER T, 1HOO Particular attention given to Instruction in the different branches ot Music, Drawing and Painting. , For furthor particulars write for Prospectus or apply at the Academy to Bister Superior. FOARD & STOKES COMPANY... Wholesale and Retail Sewing Machines CASH, $;R ALL KINDS Installments. $40 styles Steel Cooking flanges from $iiip Cash or Installments. -Wo Com Save You Money. Astoria Asphalt and Roofing Co. All Work Guaranteed LEAVR out tits AX KOO.H 1. FLAVEU BCILD'O Roof Paintlnii nd Repairing Uky Hoofs. N. JENSEN and R. O. HANSEN In repnne In numerous Inquiries from cualoiucr arid others us to some of the phase of tin? money question, Mcura. J. K. Arniaby At Co., the well known brokers of Chicago, haw sent out copies of the follnwlng letter, written tiy Mr. tlmign I). llnulton, of the First National Hank. Chicago, to Mr. C. Morgan, postmaster ot Hcrrle, N. I. which la a very Interesting doc utnrnt and well worthy of perusal: Chicago. July 10, lMfl. (iim l. Morgan, Iterrte, North Iakota: My Dear Morgan: Your brother showed m a letter a few day ago In which you aked for some reading matter on the gold quextlon. As feel strongly on the subject, I may aa well give you the benefit of my crude Idea, riot having any printed matter at hand. There are a fMd ninny leading points on this question which 1 think can be briefly rxprcue. and which appeal strongly to my aide of Hie argument. One of thn moat uriietit motives of the silver party la that they want cheap money, fly that 1 uHee they mean money they can borrow cheaply or earn cheaply. Now. the cheapest money In the world la In the strongest gold country vis., Kngiaml. The dear eat money In the world la In the silver countries. Kor example, money In Lon don today la i per cent per annum, while money In Mexico, China. Kpaln, India, und In fu -t nil sllv.-r countries of tho world, cotiMiiundH a loaning value of from i.' p,r cent upward. In the "Hot it 'll countries of Europe, while money it not so low us In Kng Innd, the rate varies from 3 to 6 per cent to the borrow er. I muy cite a a good example of the two currencies two Htaten adjoining one another In South America one Hrlt.'h Culima. n gold country, with money at 4 to 4 per cent per annum: the other Venezuela, w ith like soil and climatic conditions, a sliver country, where Interest rules at 10 to 12 per cent per annum. Should we depart from a gold basis Europe would undoubtedly sent In all the currency securities that Is, secur ities that may be paid In anything but gold to us. .requiring an export of either gold or Its equivalent In trade. If It takes gold It takes that much of our money circulation. If It takes merchandise It take) that at a largely reduced value. The consequence would be that shrinkage In money cir culation would run Into very large figures, while we could not put out silver or certificates sufficient to take their places for many months or years, so that during the next three ,or four years, Instead of the circulation In creasing, as sllvcrltes hope. It would materially decrease: After a lapse of time, no doubt, by putting their print ing presses and minis to work, they could largely Inflate our currency with new Issues. Currency depletion means low prices for labor and everything else. Cur rency at a fair rate per capita means prosperity. Currency Inflation means danger again. Going back Into history we find Eu rope using largely silver and gold together. With the expanlaloii of trade one country after another found by sad experience their Inability to keep the two values on a parity. Eng land was the first to depart from this custom, then Germany, then France, Holland, Belgium, Italy, Austria, and, last of all, Chill. It was from no pre judice on their part, but from the requirements of trade that this course was taken. We can only have one standard, be It of gold, sliver, or anything else, and the experience of the world has been that gold was the best. Again, where the country Is most sound on the cur rency question you will find the high est civilization. Where money is de based, or Is other than the recognized standard of the world, civilisation Is on a much lower plane. We can find at the present time no silver country In the world, I think I might Bay with out exception, that Is in a prosperous condition, whose government securities command respect and full prices In the markets of the world. To this statement our friends In the West will probably take exception, and cite aa an example of a silver country being prosperous and In good condi tion the case of Mexico; but they will find it difficult to support their asser tions. The writer had occasion laBt month to buy In the City of Mexico $50,000 of bonds Issued by the Mexican government. These bonds were bought at the rate of forty-eight cents on the dollar In silver, the net cost to the purchaser being 124,170 in Mexican sil ver. As the money to pay for these lioii'ls mine fr in this country, the amount of American fund une,i in the punlinae of Mexican govern iio nt securities wax in.oi;' II, or about tweniy-Klx cents on Hie dollar. Now It enm Impi'HKlble for uny country to be In a sound and prosperous coin I Hon whom, iH-curltlc are ao heavily discounted as In the above case. Looking at the matter from an Intel liciuul siumlpolnt, we find arrayed on the gold side the high Intelligence of England, France, Germany. Italy, Holland. Hellum, Norway, Kweden, and Canada. fn the other side we find an Inferior grade of intelligence, iiti absence of public school, and a lower plum of molality, as In Hpaln. I 'oil una, Kouth American Htates, Mexico, China, etc. On which side hull we array ourselves? Of course you understand It Is not the Intention of the party In oer, or the gold party, to disturb the pres ent sliver circulation of the country. which Is now jr,oo.f,(HKi, There Is no desire to demonetize that . (in the other hand, the whole con tention Is that all of our circulation ahull be kept on a parity with the gold standard, and that this lOOO.OOO.OOO Instead of being reduced in value, will remain equal to gold anywhere. Borrower throughout the country will have to recognize the fact that undoubtedly they will have to pay more for loans wltrrsllver ruling than they do now with gold. Again, If gold remains the standard, and we give our endorsement of the principle that we believe It the only standurd for us, the money markets of the world will be open to us, and In stead of having to pay a high rate for money borrowed, the chances are we will have to pay a very much re duced rate less than that which even now prevails. It Is estimated that London alone has many hundred millions of Idle money In Its banks waiting for this matter to be settled, which will undoubtedly be relniscd and used to a large extent on this side, If we commltt ourselves un equivocally to the recognized standard of European nations. The course of events will be, If we make the chunge In accordance with the platform of the sliver people, 'hat In November, as soon as the silver president Is elect ed, there can be no doubt at all but Europe will return our securities In lurg'. amounts. For these we have to puy gold or Its equivalent. This will entail a large export of toe gold we now hold or of commodi ties. Gold Will at once advance to a substantial premium. No legislation can probably be made by congress until well along in the summer of 1W, I during which period our circulation will be very largely depleted by ex port and hoarding. The return of our securities has got to be at very much below the present valuation ruling on our stock exchange probably 15 per cent to 25 or 50 per cent. If we can avoid a serious panic dur ing such a crisis we may regard our selves as fortunate. I'nder the most favcrable circum stances we must look for great dls turboncos in value to all classes, a dis organization of labor and a hardening of money and general financial trou. ble. which will be felt by all classes, whether the farmer, the laborer, the mechanic or capitalist. ' Capital can always take care of Itself and will feel the trouble the least, as it can largely unload Its bur den onto others. Now. legislation In favor of sliver, when it. comes, must be at least from nine months to a year off. and at best it cannot do anything which will speedily restore our circulation to its normal amount per capita, as it takes time to coin silver, the capacity of our mints at present being only about $5,000,000 a month, or $60,000,000 a year. The following can almost be taken as axioms: No silver country Is prosperous. No sliver country has a stable and 11 rm government. In no silver country Is general labor well paid. No silver country has government securities at par. No silver country has good public school facilities. This letter has rather rambled on In to a lengthy epistle, but It may inter est you, and I hope it will help you to convert one or two of your friends to the right way of thinking. Sincerely yours, GEOUGE D. BOULTON. AFTER OREGON SHEEP HERDERS Initcd Stntts Marshal Arrests Tres' passers on the Cascade Kanijes. RANCHMEN MICH INCENSED Claim That It Is I .loveliest o tkc firt of Cortland Capitalists to Ksia Tncm Water Committee the Coa plsioast ia One Cae. Portland, August 4. Sheriff Driver, of Wasco county, and Deputy United Htates Marshal Humphrey brought down from The Dalles today Messrs. Phil llrogan, Jos. Cabel, A. Ttoberts, and D .11. Itoberts, who were arrested at The Dalles as the owners of bands of sheep which are being pastured on the Cascade Mountains, and It Is al leged, within the limits of the forest reserves. As they are all resopnslble men, they were allowed to depart, on giving bonds in $300 each, for their appearance, to answer to the charge and with the understanding that they should cease to commit any further trespass. ' In the case of the Tygh Valley Land and Livestock Company, against whom the complaint of trespass la made, and injunction asked, the ap pearance for J. H. Bhearer was made by attorney, and the matter set for hearing on Friday. The men arrested are much Incensed and claim that Portland capitalists are endeavoring to ruin them. If they cannot pasture their sheep on the pub lic lands they say they will have to go out of the sheep business . The water committee of Portland has taken steps to have the sheep kept out of the Bull Run reserve, but has not endeavored further to Inter fere with the sheepmen. Deputy United States Marshal Humphrey left lost night for Cloud Cap Inn with a number of warrants for the arrest of K-rsons. w ho, It Is claimed, are tres passing on public lands with herds of sheep In that vicinity and who It is claimed have In some cases set cut tires. I'nlted States Marshal Grady on Instructions from the department. today appointed G. W. Smith, ex- marshul, of Ashland, deputy United States marshal to look after tresuass- ers on the Cascade reserve and in the Crater Lake region. MATHEMATICS. "If this M lather Hanna gets to be the great man he promises now," said Mr, Dolan, "there'll be twice the num ber nv babies named afther him as is named afther most celebrities." "Oi see no raysen fur it," replied Mrs. Dolan. "It's plain as day, though. He's naturally qualified fur the dis tinction. They kin name all the b'y babies 'Mark," an' all the girl babies 'Hanna,1 an' 'there y'are." IN GEOHGIA. Atlanta, August 4. The Populists at their state convention Thursday pro pose to call upon the national com mittee to put out a strict Populist candidate forpresldent. The nomina tion of a full ticket for state officers seems to be assured. AT NATIONAL HEADQUARTERS. Hail a Million Campaign Documents Already Sent Out by the Committee. Washington, August 4. At the Re publican congressional headquarters halt a million pieces of literature have been sent out within the last twenty four hours. Of these a quarter of a million are small "pasters" giving McKinley's views on money. The com mittee continues to be deluged with requests for literature. One ot Acting Chairman Apsley's .letters from Indi ana today, said: "The silver craze Is dying out and we must go at 'em with tariff literature." Chairman Jones, ot the Democratic national committee, today corrected certain misapprehensions which have risen from published Interviews with him during, the last day or two, "I did not say that Bryan would not ac cept the Populist nomination," said Jones, "for I have no authority to say that. I did not say that as a gen eral rule the Southern Populists were not a creditable class. On the con trary I said i that most of them were patriotic men who were working for the cause; that they were Populists because they believed , they could pro mote the cause best through a new party and that now they would sup port Bryan because it was shown that their patriotic objects could be attain ed only through his election. This Is what I said of the Southern Popu lists as a rule. As an exception. I spoke of a class , who were not credita ble. I said there were some who were Populists merely for their personal ad vancement;, some w ho had become Populists through selfish and not pa triotic motives. I spoke of these as the exceptional class who would not support Bryan. I said that as a rule the Populists in the South would fol low the patriotic course and support Bryan; that there were some who from selnsh motives who would not do so, but would prefer to have McKinley elected." Chairman Faulkner received a re quest w hich he regarded as significant. It came from a leading retail dealer In Huntington, W. Va., asking where he could buy 500 Bryan cabinet pho tographs, which he said were the strongest kind of campaign documents. The photographs were to be distribut ed with purchases. throughout the state. A state conven tion is to be held and electors named. Candidal for congress will be put out in every district and the fight will ; be pushed vigorously to the end. ITUE DIAMOND MATCH FLURRY IN KANfJAH. The Democrats to Surrender Their Bouls to the Pops. Hub hlnaon. Kan., August 4. The Democratic state convention today en dorsed the Chicago platform and in conclusion demands the re-submission of the prohibition question to the peo ple of the state . The report of the committee on order of business had been delegated by common consent to the work of planning the means of effecting a fusion with the Populists who meet in Abilene tomorrow. This committee reported that the convention should select its presi dential electors, though not formally nominating them, and that a special committee of five should be named to wait upon the Populists at Abilene nd Stock Exchaorje for Plrst Time Ad journs Indefinitely Without Doing business. AFFAIRS WILL BE ALL RIGHT rrtacipal Losers VIII Be the !toore Broil ers, loos Woo the rablic la loaded to aa Exteit Is -dreautd of. Special to the Aatorlan. Chicago, August 4. Nothing in years haa caused such a flurry In commer cial circle as the collapse of Moore Bros, in the efforts to maintain con trol of the Diamond Match Company effect a fusion of the two parties In f and the New York Biscuit Company. Kansas. In a word, the report recom- j The striking feature of the failure Is mended that the Democrats should ' the fact that the stock exchange for agree to surrender everything but the j the first time in its history adjourned electors to the Populists and to en dorse unequivocally the slate ticket nominated by the Populists, including the congressman-atlarge, in return for the endorsement by the Populists ot Bryan and Sewall electors. SEWALL TO BE THERE. New York, August 4. It was an nounced at the Democratic headquar- inaennitely today without doing a dol lar's worth of business. It is estimated that Moore Bros, lost between $4,000, 000 and $5,000,000 In the Diamond Match deal. ' Many outstanding trades in Dia mond Match and New York Biscuit, ' as expected, can be closed up by bro kers outside of the exchange before trading is resumed on the floor. i Officers of banks holding- Dlamnnrf ters today that Mr. Sewall would be ; Watch ,oan- were ln no d,,turh. present at the Madison Square Gar-; They felt confident that every den on the 12th. when W. J. Bryan t thin(f wouM come out a r,eM an(J w ill be formally notified of his noml- that aohnAy outglde of the MooreB nation. There has been some doubt i would be Mri0Usly hurt. "We are a as to whether Sewall would be pres-) lon(f way from Mag financially dead, ent, but W. P. St. John said today , and m soon be on ,op agallu that Sewall would be notified at the ' j jj Moore. same time as Bryan, Admission to ."n,.- -,'- -. . ,,, mh,. ,. Madigon Square Garden on that occa-, - onIv tmnrarv. Th .-in Blon will be free. There will be no : ,,, . , . , ... . j say that with the stock exchange clos- tlckets required for admission. MORTON FOR PRESIDENT. Omaha, August 4. J. Sterling Mor ton, secretary of agriculture, arrived today from Nebraska City. In the evening he attended a dinner in his honor at the Omaha Club by Mr. Mar tin, James Sheohan and others. It Is said by one in high authority, that the gathering at the Omaha Club was really a conference, upon the question ; j ed there will be an immediate resort ( to resources of which we have knowl i edge, and which are accessible, to ; straighten matters out The shock came from the general stringency of the money market, but we have every ; hope of soon getting things upon their normal basis." . Thousands of shares of their siock ! were handled yesterday with fluctua tions of Hi points. It opened at 222; advisability of booming the secretary of agriculture for the presidential nomination on such a ticket. IX INDIANA. IN ALABAMA Montgomery, Ala., August 4. At a conference of the gold Democrats to day, J. M. Faulkner was chosen to represent ' the Alabama gold Demo crats at Indianapolis and steps have been taken to perfect the organization of a new Democratic ticket and the i dec,lned to 22L advanced to 222'i. And , ciosea at i. calls ror $400,000 mar- gins on Diamond Match, which could : not be raised, precipitated the failure, j That margins would not be forthcom ' ing was announced late ln the after- I noon. Indianapolis. August 4. It can be The losers by the collapse ot the announced authoritatively that the ; Diamond Match and New York Biscuit present Democratic state convention deals will be the Moore Bros., and. will not consider any proposition to j speculators who are long on the mar- . divide the electors in this state. In- j ket- The loss of the Moore Bros., It quiry at both the Populist and Demo- ! ls estimated, is between $4,000,000 and cratlc headquarters show that there j 5.000,000. They sacrificed all they ls no probability of the two parties ' made in the deal while stocks were coming together In state or national i being advanced, and what they had affairs. i before. It is supposed that In sud- - j porting the market the Moores were WASHINGTON TO McKINLEY. obliged to take 45 per cent of the en- tire capital stock of the Diamon Canton, Ohio. August 4.-The fol- Match Company. They had no doubt lowing letter has been received from ' of their ability to carry the balance Franklin, Washington: j through, but the public unloaded un. "Wm. McKinley: The McKinley and on them to an extent the Moores ner- Hobart Club, of Franklin, Washington, j er dreamed of. with 193 members, every one a wage P. D. Armour said this afternooa worker and Including every voter In J that he did not fear anv nanlo . the town, send greetings to our stand- j resuit 0f the Moores' failure. "I do ard bearer. (Signed) J. J. Smith." I ot think it win fr he said. "The men who hold the HOT IN MISSOURL bulk of the stock are very wealthy and will come out all right" Charles Councilman, a prominent broker, says: "The deal is virtually Kansas City, August 4. Today's hot '. record eclipsed that of yesterday, the : hnt oet rt Yta a&a anr thn harmnma. , . , , , closed. Diamond Match property is ter this afternoon registering 103 in , . L " . v 1 . , t all right The company has had noth- the shade. Three persons were pros- , f . . i . . . . ... , . , nig to do with the speculation. It trated, none with fatal results, how- . . " " . , . , . earned $l.S0O.0OO yast year on $11,000,000 ever. Similar reports are received I , , . .. . . ... j I capital and has $o,000.000 of quick as- from Western Missouri, Kansas and1 . i tseis. me termor). BLAND NOMINATED. Jefferson City, Mo., August 4. Rich ard P. Bland was nominated for con gress by the Democrats of the Eighth District today by acclamation. TEACHERS' EXAMINATION. Regular quarterly teachers' exam ination will be held, beginning Wed nesday, August 12, at 1 o'clock p. m., at High School Building, Astoria, Or., and continuing the remainder of the week. Applicants for county certifi cates will be present promptly and remain until the close. Examination for state diploma will be held Saturday, August 15, begin ning at 9 a. m. at same place. H. S. LYMAN, Sch. Supt, Clatsop Co., Or. Ray Morton is on the sick list. MONTANA REPUBLICANS. Butte, Mont, August 4. The Repub lican state committee met today to fix a time and place for the state conven tion. The meeting was made the oc casion for the gathering of the prom inent Republicans from all parts of the state for consultation as to the best course to pursue ln reference to presidential electors. Senator Mantle Is chairman of the state committee. Several propositions for settling the differences between the McKinley and Bryan men were submitted. PENNOYER'S HOWL. Portland, August 4. Mayor Pennoy er has requested the resignation of Paul Welssinger, one of the newly appointed fire commissioners. The disagreement is over the matter ot an appointment In the department. Highest of all in Leavening Power. Latest U. S. Govt Report --aS so a I t . x