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About The news=record. (Enterprise, Wallowa County, Or.) 1907-1910 | View Entire Issue (Sept. 10, 1908)
1 Professional Directory . AND Business Cards Physicians and Surgeons Physician and Surgeon C. T. rlOCKETT, M. D. Independent Phone. Office up stairs In Bank Bldg. DR. C. H. DRAKE Veterinary Surgeon and Dentist. Office at Red Front Livery Barn. ENTERPRISE, OREGON Hotels. When Passing On The Lewis tcii Road, Stop At The Sled Springs Hotel. Plenty of Stable Rootu. S. B. CONNER, Proprietor. Attorneys-at-Law. THOS. M. DILL, Attorney - at - Law Office First Door South New Fraterntl Building ENTERPRISE, ORE. J. A, Burl'ultb Daniel Boyd Burleiqh k Boyd flttorqeys-ai-Law Will practloe In all the Courts of this Btate and before the Interior and lta o Aloes. The most careful attention given to all business entrusted to our care. Enterprise, Oregon. Miscellaneous WESLEY DUNCAN, Stock Inspector for Wallowa County. JOSEPH, OREQON BEST RANCH In Wallowa County 2 MILES FROM ENTERPRISE dSTC PKR VPO ACRE ANOTHER BARGAIN I60 acres on Alder Slope for $3600 W. E. TAGGART, ENTERPRISE, OREGON COME TO WHEAT'S and call for your choice of EDISON RECORDS and hear it played on the most perfect of eound reproduc ing instruments. The complete Edison Cata logue ot records at E. B. WHEAT'S JEWELERY STORK. Jhe JHeWs flecord AX 1 XDEPEXDKNT XEWgrAFEK Fonnerly tha Wallowa News, establlshe Mrch 3. 1899. New series begai April 30. 1907. Published every Thursday, at Enterprise, Oregon. Office Kas Side Public Square. Telephone Home Independent No. 31. CALLOWAY & H EATON Publisher! Entered at the Enterprise postoffice ai second-class matter. SUB.SCIillTION KATES. One year (1.50; three months 50 cents Cash in advance. NOTE: I'nder the new postal regula tlons, subscriptions to a weekly news paper must be discontinued at end o a year or pay one cent postage oi each paper. This means In practlca working, a cash basis. Every sub scriber of the News Record will be no tified the first of the month In whlcl his subscription expires, and If no re newal Is received by the last day o that month the name is taken fron our lists. COUNTY ADVERTISING RATE: Kegu lar subscribers may have a seconi copy sent outside Wallowa county fo $1 a year. SPECIAL ADVERTISING NOTICE. Resolutions, cards of thanks, obltuar? poetry, and notices of entertainment the object of which Is pecuniary gat (outside pure news me.ition) ai charged 5 cents a line. THURSDAY, SEPTEMBER 10, 1908 MOST IMPORTANT REASON. Of all the 57 reasons for install Ing a city watsr system, the one that is greater than ail others is t' safeguard the health of the citizens. The economic reasons may b more forceful; the dollars and cent: argument can't be beat for a vote getter. Good wives know the way t man's heart is through his atom ach. and clever politicians know th way to a man's reason is through hi pocketbook. The dollars and cent: argument is on the side of a cit. water system. The esthetic reasons appeal to i large number of people, men as wel as women. Beautiful lawns am handsome shade trees will naturally follow plenty of water at a smal cost. But the health and sanitary reason. while neglected in argument, i greater than economy or beauty. "Wi never miss the water till the wel runs dry," and we never fear the water till an epidemic breaks out The phrase, "good water," is decep tive. As commonly used it meant water that does not taste badly. 1 is a well known fact that water la den with typhoid germs may taste all right. Water should not only be "good"; it should be pure. ECONOMY IN BOND SELLING, Revised estimates on the cost ol the installation of the city watei works reduces the figures made year and a half ago very materially. Nearly everything entering into the cost bill is much lower, material freight and labor. The average re duction Is close to 25 per cent, ane as it is admitted the original esti mate was an "outside" cost, it ii anticipated that a first-class gravity system can be put in now for from $20,000 to $23,000. If the above, figures are correct It is doubtless the sentiment of majority of voters that bonds be Is sued only for the actual amount nec essary to Install a first-class grav Ity water system. This Beams to be the sentiment of the council also, Judging fron: the views expressed by the mem bers in private discussion. In short, it can be safely premised that nc more bonds will be sold by th council than Is needed for the work In hand. ONE THING LACKING. Every citizen ot Enterprise it confident that the town will grow rapidly In the next few years. I Is the best town ot Its size now In all Eastern Oregon, A leading citizen of our neighboring city o Wallowa, who is engaged in a busl nesa that brings hlra Into contact with strangers, said recently thai It was surprising the number of men seeking Investment who praised En terprlse as a trade center and place of residence but refused to locate or Invest because of the lack oi good City water. Given a first-class water system and every dream of Enterprise's de velopment will come true. As a place ot residence It will have nc superior. It will reach out farthet and even farther tor trade. More factories will locate here and it wil. become a center of industry. Supply the one thing lacking next Saturday. The county court has accepted plans for a cojrt bouse providing for a structure that will be suffi jlent for the business needs of the county for years to come, with am pie vault room in which the records vlll be safe from fire. The draw ngs also promise a building that nc me need be ashamed of though n noney is expended merely for orna nentation. All this is provided ana he cost la guaranteed to be withit he low limt of $30,000. The cour. las certainly be;n diligent in see ng that the wishes of the people ire complied with and careful tha he taxpayers interests are guarded. Before the election the Josepl lerald -cohtendel tiJe to the pub ic square would not be given te he county, but last week in a labor 1 editorial a column long, it con ireed even itself the title is al ight and vested in the county. La er on it will probably soak In th' act that the title Is Inalienable lve Brother Kinney time. He wil. a ten up with the facts after while. The city water system will not be nstalled a day too soon. The coun y Is erecting some fine large build ngs in this city and it is impera .ive they be supplied with plenty o. vater for the lawns and trees, anc jure water for drinking purposes t is needed now at the high school ind will be needed at the coun louse by the time the system is in Ualled. PA FT WARNS AGAINST GUARANTY OF DEPOSITS Hot Springs, Va., Aug. 26 "It puts i premium on reckless banking and s an inducement to reckless bank ng." Thus did w. n. Tart mis ar ernoon in response to a direct ques ion, state, what, in his opinion, is he vital objection to the proposed plan to guaranty deposits in nation il banks. That is the fundamental objec .Ion," he said. "Relieved of the re tponslbiilty to and fear of his depos tors, the tendency would be to in luce exploitation, manipulation anc he use of assets ot banks In a spec jlatlve way. Depositors to Pay Cost "It would promote speculation a .he expense of his fellow bankers ind that ultimately means at the ex pense of the depositors. "Any proposition as to the amount )t the tax that should be assessed, as based on the present rate of loss. Is in an erroneous basis as the dangei 3f loss of deposits Is Increased vastlj by the proposed system, so that the percentage of the tax would have tc be vastly Increase,!. "Mr. Bryan did favor a guaranty, the government to raise the funds by taxing the banks, but the Dem ocratlc platform provides for an en forced Insurance which compels al national banks to contribute to the Insurance funds to meet the defaults of the speculators. Law Fails Under Test. "I am told that such a law wat In force in New York and that the result was that when a panic ensued the tax having been Improperly cal culated, there were not sufficient funds to pay the loss, but this I have only on the authority of a well-known writer on the subject." There was some discussion here today of the position alleged to have been taken by Senator Hopkins of.Ill iuols, that, the policies of a presl dentlal candidate, so far as they are not contained in the party platform are not binding on the party. Judge Taft declined to make the matter a controversial one. The Dlrectolre Gown This Fall. "Paris says: Extreme Dlrectolre mod es for the autumn the sheath skirt slashed at the sides, satin knickerbockers in place of petticoats the highest of collars and the slim est of slim silhouettes," writes Grace Margaret Gould, the fashion expert In Woman's Home Companion foi September. New York says: Dlrectolre modes T Yes, but first let us modify them. The American woman llket to take her fashions from France but always subject to her own Ideas She wants to be In style, but she wants more to be herself. This will be specially evident this fall. "The Influence of the Dlrectolre will be felt In the lines ot the new gowns and separate coats, In neck wear and In hats, but with our best- dressed women the conplcuous feat ures ot the Dlrectolre modes will be omitted." Everything In the fishing rod line from 6 cents up to $9, at Burnaugh ft Mayfleld'a. DEPOSIT GUARAN1 Y IS FAMOUS CORRESPONDENT SAYS ELECTION WILL HINGE ON BANK INSURANCE. Walter Wellman, the noted news paper correspondent who has more correctly forecasted political cam) paigns and results since 1S9S than any other authority, had the follow ing letter In the Chicago Record Herald of August 27: New York, Aug. 26 Reports from the West are to the effect that guar antee of bank deposits is rapidly be oming one of the chief isuses of :he campaign. Down East here they :annot understand; but that is not lurprising, because the East doss not understand the West in any way ast March, after a trip through the Northwest as far as Idaho, I express id the opinion that one of the luck .est and strongest acts of Mr. Bry in's political career was In Identify .ng his name with the idea of bank leposit guarantee or insurance. Sub lequent developments have proved he correctness of that diagnosis lr. Bryan told me at Lincoln in luly that the Idea was suggested tc hlra when he was In Congre33. But he had the quick wit to lay hold of it as an asset ia this campaign, and it is proving one of the most prom ising of all the issues he has in his campaign battery. He is to make a speech on the subject tomorrow out in Kansas, and in it, no doubt, he will try with all his cleverness tc clinch his1 advantage. The reports from the West are that this idea has gained such a hold upon the masses of the peo ple that the Republicans have been forced to take It up In many places requiring that their candidates foi Congress and for the legislature com mit themselves to the principle Only yesterday the Republican state committee of Kansas voted to m.ake bank guarantee one of its party prin ciples. In view of such facts as these the Republican leaders anc managers in the East are beginning to wake up and to realize that while they have the advantage of Mr. Bry an In other issues on this one he Is likely to score heavily against them They do not as yet see what . they can do about It; but it is obvious that if anything can be done they would better do it, and as quickly as possible. No on.e believes Bryan ca'n overturn the big Republican ma jorltles in the We3t on this one is sue alone, but It is perceived that it might help along with other things. On the record as It stands, the Re publicans are at a disadvantage. The Chicago platform declared for postal savings banks. The Denver plat form for bank deposit guarantee, and for postal savings banks if that could not be secured. Judge Taft makes a speech condemning deposit guaran tee as Socialistic; Mr. Bryan wil. take the other side of the question in his speech tomorrow. To make matters worse. Attorney General Bon aparte ruled that national banks in Oklahoma could not participate In the state guarantee system. Thus the issue is pretty clearly drawn be tween the two parties. . The more we study the attitude ol mind of the American people at this time the more must we be Impress ed by the fact that the populai thought runs to practical business questions, and that the greatest event of recent years was the mon ey panic of last fall. President Roosevelt recognized this In a . talk with a visitor recently, when he pointed out that the great ques tlons before the American people during the next few years were tc be economic, pertaining to currency banks, tariffs, trusU, railroad rates and ' wages. Mr. Roosevelt thought that in the pressure of these pure!) economic questions the moral Issue raised by him might be at least tem porarily submerged. He may be right about that. But in any event it is clear that the nation Is already confronted with at least one of the problems growing out of or accentuated by last year's panic, and that on this one .the Democratic party has taken the more popular, even if not the sound er side. In the Wcst. they ' tell me. a, great majority ot farmers have money In bank. When the money panic start ed in New York last October and caused a wave of more or less need less alarm to run throughout the country, many farmers took theh automobiles, their carriages or theli wagons, went to town, withdrew their money from the banks and hid It at home in stockings, or trunks or between floors, or out in the barn. At any rate, farmers who did not do this, aa well as farmers who did, were set thinking. And theli thoughts, I am told by men who live among them, ran this way: "When the federal government de posits money in bank it demands se curity. States and cities do the" same thing. Why shouldn't we have se curity, too? National banks are created and controlled by the government, sc are the po3tofflce. If we go to the latter and buy a money order the government guarantees to pay the money to the man in whose fator it is drawn or to return it to us. Why shouldn't we have the same sort oi j a guarantee from the national bank': As it is now. Instead of depositing with: the bank with a guarantee ot return whenever wanted, our depos its are loans to the banks, which may or may not be returned on demand. "If we ship money or Jewelry oi other valuables by an express com pany, it is responsible to us. It guar antees the value. Even a railway company guarantees the value ot goods entrusted to it. Why shouldn't a bank do the same thing? Or course there are many other ar guments which appeal to the farmer. He can see that with guarantee ol deposits there will be more money In bank, which means in use in the channels of trade, and less In hid ing in trunks and ' stockings. He can see for our average farmer ol today is a reading, thinking well in formed man that' with bank deposit guarantee, if a panic threatens there will be far less fear, less alarm, less hysteria, le3s withdrawal of funds fewer bank runs and failures. What might be called the broader aspects of the question are not lost upon him. But, like every one else, his clearest, most vivid view Is of his personal relations to the bank why his deposit In thefbank at the county seat should be guaranteed by some thing better and stronger than the promise of that Individual bank tc repay. If the tradesman, the farmer oi the salaried man wants an object lesson of the value of deposit guar an tee or insurance, he finds it In the Oklahoma system. Down East here they sneer at everything that comes from Oklahoma. It is a joke it is "reub," has hayseed in Its hair, and Is wild of eye and altogeth er peculiar. But the people of the West are not so cynical. Oklahoma is young and progressive and enter prising. Perhaps Oklahoma has gone too fast, possibly has made mistakes. But Is Is American, it is a part ol us, of our own people, and is entitled to be judged on merits, on perform ance. The Oklahoma law has been In operation about seven months Five hundred and fifty banks are subject to the law, fifty of them be ing national banks. Five hundred and fifty national banks are outside the system. The banks which guar FIRST-OLAS6 RIGS CAREFUL DRIVERS ARE SPECIALTIES OF THE Horses Boarded by Day, Week or Month Good Care of all Stock. BEST EQUIPPED STABLE LY THE COUNTY One Block East of Court House. J. C. SHACKLEFORD, Proprietor! "Cartful Banking Insures the Safety of Deposits." Depositor Have That Guarantee at WALLOWA NATIONAL BANK OF ENTERPRISE. OREGON CAPITAL $50,000 SURPLUS $45,000 We Do a General Banking Business. Exchange Bought and Sold on All Principal Cities. Geo. W. Hyatt, President Geo. 8. Craig. Vice President Geo. a Craiu U. Pexnell SECOND-HAND STORE RODGERS BROS., Proprietors Dealers in new and second-hand goods. Bicycles and Bicycle Supplies. Bicycle and dun Repair Shop. Furniture made or Repaired, Screen Doors and Windows made to order. Give us a trial. Our prices are right and all work guaranteed. antee depositors have gained $4,000, 000 In deposits, while the banks which do not guarantee have lost $1,000,- . 000 in deposits. National banks are now giving up their charters and taking out state charters. In Kan sas and other adjoining states bank ers says money is leaving their in stitutions and going to Oklahoma, where It Is secured by the state law. jThls probably explains why many Western' bankers ravor tne aaopuon of the Oklahoma system in their own states. To make the object lesson even more vivid a bank recently failed In Oklahoma. Within an hour the bank ing commissioners were in charge, prepared to pay every depositor In full, a-id starting prosecution of the officers of the bank who had violat ed the law. The commissioners sent word to all depositors to come In and get their money, and Governor Has kell of Oklahoma told me the other day at Chicago that Instead of rush ing to town in great panic as soon as they heard the bank had. failed the depositors took things very calm ly. Farmer Jones had $7000 in the bank, and when they telephoned out to him to come in and get his money he replied: "Too busy now with my wheat. Be In . some day next week." In the presence of such facts aa these one need not be surprised at f the popularity of the new Idea. Nor need one teal surprise that the philosophic arguments against It make small impression upon the masses. All who have studied this question know that the fundamental weakness of the system of enforced Insurance guarantee Is responsibility without power and temptation to im prudent banking, since the reckless banker can offer the same security as the careful banker. To make all banks pay assessments to meet all losses, and then give every banker) a free hand as to methods, might in the end do far more harm than good. Judge Taft's objections to the sys tem were based on this solid ground. But the Oklahoma law- does give power along with the responsibility. That is, It throws safeguards and restrictions around all banks. It makes it practicable for the careful banker to watch and detect and re port for discipline the reckless bank er. It limits the Interest that may be paid on deposits. A great majority of the people of the West evidently believe in this system and see no reason why it should not be extended to' the entire country by federal laws. On the whole It is one of the most interest ing questions now before the Ameri can people. WALTER WELLMAN. The News Record, $1.50 a year. . . W. R. Holmes, Cashier frank A. Reavta, Asst. Cashier DIRECTORS Geo. W. Hyatt Mattib A. Holmes W, R. Holmes
