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
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each paper. This means In practlca
working, a cash basis. Every sub
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tified the first of the month In whlcl
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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