The Monmouth herald., June 21, 1912, Image 2

The Herald
D. E. STITT, Editor.
Entarad u Mrand-elM mattar Saptamhar 8, la,
at th poat otHca at Monmouth. Orwn. undar tha
Act of March S. 1ST.
1880 KD KVKRY FRIDAY
Subscription Rates
One year
Six months
- $1
SOrts
Monmouth, Oregon.
FRIDAY, JUNE 21. 1912.
THEY HAVE A KICK.
A half dozen names appears
in the Sheridan Sun in remon
strance to the "knockers" of
that city. It seems that some
geutlenien had concluded to
make extensive purchases of
lands in that vicinity and that
about all the arrangements for
the deal had been made and
everything was satisfactory until
the knockers got in their work,
spoiled the trade and drove
away a couple of hundred
thousand dollars that would have
been invested in their neighbor
hood had they kept their dole
ful wail out of the new comers'
ears. v
There is always room for a
good healthy kicker, one . who
will stand up and fight manfully
for that which is right, but for
the knocker, who is always look
ing for a chance to knock some
other persons deal, there is no
tenable ground upon which he
can stand and be a blessing to
his community.
There is another class who
take on pessimism, and while
not intending to be detrimental
to a community they oftentimes
are, because they are unable to
see into the future and hence
there is no prospect of advance
ment in sight, hence, they try
to discourage every effort for
progress.
Now when a man does not
know, he should keep quiet, and
let some one talk who does know.
However, one of the hardest
lessons to learn is: "to know
whether you know a thing or
not."
The Famous Loan Which Stopped
The Panic.
In the money trust hearing
we are getting revamped history.
The matter pertains entirely to
that famous panic of 1907.
Everyone remembers who was
the hero of that panic. J. Pier
pout Morgan was the particular
patriot, and there has been no
lack of honest and sincere enco
mium for the part Mr. Morgan
played in that memorable ex
igency. It is, however, the
major opinion in this country
that Mr. Morgan was the head
and front of a systematized
movement in the finance of the
period, the net result of which
was the panic, and that while
by his position and influence he
was enabled to check what
seemed an uncontrollable situa
tion, the checking process not
only brought the praise of the
money worshipers, but financial
profit to the financial commander-in-chief
and those who
were allied in interest with him.
Connected with the chief in-
cident of that financial chapter
of our financial history as it
has been written in Wall street,
was 8 Governmental advance of
some millions of dollars dis
tributed among the principal
banks of, New York City for the
benefit of the brokers. It was
mutter of common report at the
time that the amount so ad
vanced by the Government was
$25,000,000. There is no dis
puting the fact that the market
needed the protection of ready
cash. The game of high finance
was in a desperate condition,
and for the chief reason that
the few who had control the
strong men of the street de
manded their pound of llesii
and demanded it at once. Call
money was worth almost any
price provided it could be had.
J. Pierpout Morgan came to the
front with the jirst 10,000,000,
and by that act he carried off
the honors of the situation.
There also' was good reason to
believe that he absorbed the
liou'8 share of the profits.
The story of the episode is
now told before the Money Trust
committee more succinctly. In
stead of 2"),tHH),000 Mr. Cortel
you says he does not know that
all that amount was loaned to
check panic, but he does know
that at lenst $;50,00,000 was so
used. According to accepted re
posts of the time more than 25,
000,000 was used at cull rute,
ranging all the way from 4 to '20
percent. There wasditliculty in
biinging out the names of the
banks which handled the , mon
ey, but it was matter of common
knowledge at the time of the
transaction that the batiks chief
ly concerned were of the Morgan
and Rockefeller group.
The query persists: Who
pocketed the profits from the
call rates realized on the loan of
the Government's money? From
4 to 20 percent, an average of 7
per cent on $25,000,000 or more,
was a rather jucy tidbit to ab
sorb even in panicky times, and
the general public is justly
curious to know who absorbed
it.
Mr.Cortelyou professes that
he does not know. He does
know, however, that Mr. Morgan
was the leader, the chief in
command, in the distribution of
the magnificent salvation fund.
Further than that deponent
sayeth not.
There is a great deal about
the history of that 1907 panic
which needs explanation. Just
ly does the shadow of suspicion
rest upon the men who captained
the relief measures. Those men
give out the impression that
there was a mysterious inside to
the whole affair. The public
generally admits that and usks
why?
There is a strong, persistent
disposition to inquire if the net
results of the panic were not the
brokerage profit on this twenty
five to - forty-two millions of
Government money, plus the
aquisition of the Tennessee Coal
and Iron properties by the Mor
gan interests.
' For a certainty there was
profit in the one case and ac
quisition of valuable competing
property in the other; and the
public is left in the dark con
cerning the circumstances which
made these results a part
of the plan of financial salva
tion? The average man does
not believe that such things are
either merely incidental or ac
cidental. Telegram.
Abstracts promptly made by
Brown & Sibley, attorneys and
abstracters. ;
Watch Our Bargain Counter I
We will offer some Extra good Bargains the
Coming Week, one of which will be a Set of
Glass Wash Board at 25 Cents
There will be Different Bargains each Day, and if you wish
to secure this glass wash board at the remarkably low price of
25 Cents, you will have to watch our Bargain Counter Each
DAY DURING THIS WEEK.
A New Feature Will Be Our
Jewelry Counter
Normal Variety Store
HOW TO KILL YOUR TOWN.
Buy from peddlers as much
and as often as possible.
Denounce your merchants be
cause they make a profit on their
goods. Tell your merchants that
you can buy a great deal cheaper
in some other town and charge
them with extortion.
Don't help your town in any
progressive enterprise it under
takes. Of course it may cost
something and taxes are "awful"
at present.
Don't encourage anything that
will benefit the town morally,
and make it a better place in
which to live.
Be sure to oppose every move
ment to secure things which will
be elevating and a real benefit
for your town.
If you are a merchant don't
advertise in the home paper,
but compel the editor to go else
where for .advertisements and
howl like a sorehead because he
does so. Buy a rubber stamp
and use it It may save you a
few dimes and make your letter
heads and wrappers look as
though you were doing business
in a one horse town.
Loaf on the streets, and then
if any one wants a day's work
be "too busy" to do it Call it a
dead town to strangers. It soon
would be if all residents were of
this class. Union Springs Advocate.
A Five Months Record.
George Hagood, the noted local
chicken fancier, tells us that from
January 1st to June 1st his 70
Brown Leghorn hens laid him
6,047 eggs. He got just 1,000
more eggs this year than he did
from the same number of hens
last year, caused, we supposed,
by a better knowledge of how to
keep his fowls at the laying busi
ness. He keeps a careful record
of the eggs received every day,
and probably makes as much clear
revenue from a limited number
of hens, as any one in the busi
ness. Several years of experi
ence has taught him how to best
attend to the hens to produce the
best results, and secure what is
wanted by all growers a multi
plicity of eggs. We rather think
his record is as good or better
than any other of our chicken
raisers. Dallas Itemizer.
Eggs For Sale
Cornish Indian Games, eggs;
$1.50 per setting of 15.
P. E. Chase, Monmouth.
NOW FOR THE SEASHORE
VIA THE
Staon Ticket on
Suit- June 1st
Itit SONStT AT!
I l0C0rNftV4ASTA I
1 t J I
8-Day TirkeU on Sal
Saturday and
Sunday to
TILLAMOOK AND NEWPORT BEACHES
Souon fare from th principal Utivni to Newport or TUUmook Hwh r M
TO
Newport
FARE
$fl.2T.
6.2.1
6. IS
4.00
8.75
6.80
8.75
12.00
12.00
TO
Tillamook Omclioi
FROM
Portland
Oregon City
SaW-m
Albany
Corvallia
Eugene
Rom-burg
M ed ford
Ann land
Ticket to abova paint on ! dally, good all aaaaun. with eorrasponaMnir luw
othar point. Woak and tlrket at alao on aal from varlou point.
Sunday Excursion Train on the C. & E. R. R.
Laavaa Albany at 7'JM a. m.. Corvallla MX) a. m. ami connacl wlUi 8. P. train 111. 14 and t
from putnt auuth.
('all on our nart A-ent for "Varatiun Day In Oraxon." a beautifully llluatratad booklet
daacriblng varum ouiina rorl, or writ to
JOHN M. SCOTT, General Paaiwitjjer Agent, Portland, Ore.
Annul th B. P. O. E. Elks CtmwntUm, Portland. Jnt .
Low Farm to all paints East June to Si-pttmbvr
follow:
FARE
14.00
' 4.70
6.00
7.ao
7.10
e.oo
12.00
17.20
17.ft
faraa from
B. F. SWOPE,
Attorney at Law and Notary
Public.
Home Phone:
OHice, No. 1820,
Residence, No. 3712.
Office in Cooper building,
Independence,
Oregon
THE
Weekly Oregonian
The best Weekly Journal of
the Northwest. Gives all the
News of the World.
Price per year.. $1.50
Herald one year. 1.00
Booth papers for 2.00
oven es YtAur
CXPCRICNCC
. t la
2 OTTm
It. . ,., waiaawm
Tradc Marks
DriQN
CopvitiaHTt Ac.
Anronftftn1lnff a akittrh nnrl nm-trtlftn muff
qnlrkif mwihiii our iinuii froo wh other u
Invention It pruUnhlj pniotttnM. t'mnnimilr.
tloiiiairlctlvmiiifldoiiiliil, HANOUUOK on l'aiuu
mtt frMk Ohlt numwf lor wurtti imtanui.
I'ntauu Ukn thnnh Miimi k Co. raolv4
9priM tvitic, without hrff, lain
scientific American.
A handinmatf llltmtmf M wmIi.?. Vnrroit er
ct 1 1 n I ton of mnf nlatiUilo t.(iriiitl, Torma. 9-3 ft
Tf ar t four mimtus. 9L IM4 t fell ttwirtlm.
MUNN & Co e,B'-'- New York
Urauoh Offioa, fat F St, Waahlogion, 0.0.
A. B. WESTFALL
Painter and .Paper Hanger,
Monmouth Oregon
THE
8EWINQ
MACHINE .
OF
QUALITY.
If
HIM
NOT
SOLD
UNDER
ANY
OTHER
NAME.
WARRANTED FOR ALL TIME.
If you purchaae the NEW HOME you will
have a lifts aiwet tit the price you pay, and will
ot have an endlong chain of repair.
Quality.
Coniidered
it it the
Cheapest
in the end
to buy.
If you want a lowing machine, write for '
our latnat catalogue before you purchaae.
The New Home Sewing Machine Co., Orange, Mast