The Herald
D. L STITT, Editor.
Enteral u Mrond-elara nutter Silmlr 8. VK
t the pot uflirc it I
Artfrf Murh S. 1H7V
ISSUKI) KVKRV KKIIlAV
Subscription Rates
One year - $1.50
Six months . . 85 rts
Three months - 50 cts
Monmouth, Oregon.
FRIDAY, JAN. 8, 11)15.
"Alltlii. Hftivitv of the -lit-, tion. NVtwrniiiKS are ste.lily ;
I . ... 11! I Tl ...... .ilro-l.lv I
iVp-nt KuverniiiKlxMiU'" lis" ;'''' ,1,,VU1- a,r '
ed great expense to the railroads. ' so small that dividend rates are j
Wa-'e ii.crt aM' have l'oiic on now below the market value of j
t th pot uflir t MihiitkiuUi. Ornron. uir the ,.,,,.
Hut the revenue has inonev in other fields. Railroad
:1m-..i steadilv nt by reduction credit is therefore underminded.
1 in rates. The railroads have Gnat projects for extension ami
pa-sed the maru'in of safety he- i betterment are postponed. The
jtween income and nutyi. ' i multitude of workers are denied
I "The number of employes is this chance of employment.
I reduced wherever possible liny- j Material concerns are paralyzed
; inj; .if supplier is curtailed I in-i until normal progress in railroad
' nrovements are tabooed. Divi-! building is resumed.
.lends are cut. Thousands of I " 1 Ins country is tumlameniai
Lmull i,,.-..t.,r iiff. r re.l need i lv sound, for we have the won-
How to Bring Back Pnpmt.'t-Uwtt Thirty ri,ir0llls are'derful crops and these are briiiR-
now in receiver s bands. Others jing good prices. 1 lie nauon is
POULTRY SUPPLY STORE
THOMAS BOLLDEN, Proprietor
Keeps on Sale
Best Grade Chic Feed. Best Grade Grit, Bone and
Oyster Shell.
Garden Seeds in Package or in Bulk.
Will Pay Cash for Eg;s and Poultry.
Monmouth, .- . " Oregon
Joseph lieilield, proprietor of
P Holil Uhhk.ii. f ().;,... Mil
who claims to be a disinterested
pass n n dividends, while
onie pav dividends out of sur-
observer, analyzes the pni ! plus that should go for exten-
iinancial depression as a busi
ness man as being due, in a large
degree to the fact that the rail
roads are hard up through over
regulation and that the way to
restore prosperity is to grant the
increase in rates asked. There
is undoubtedly merit in this
plea, which reads as follows:
Y hat then is the concrete
basic cause of the present busi
ness depression?
"The private citizen answers
off-hand that it's the war. lint
the distress dates back long be
fore we heard the rumblings of
Mars. Kurope has simply added
hardships to a business burden
already heavy. Further, wo un
told that on the whole the big
war is to be of great commercial
advantage to the United States.
"The wholesaler guesses that
the tariff is responsible. Hut
. i i
mis Is a debatable question in
theory and in practice as applies
to the present cast because the
new tariff was not in operation
long enough to have a determin
ing influence one way or anoth
er. We must go still further
back.
"The merchantbeing in direct
contact with the people and their
purchasing power, has his linger
on the pulse of business life
He is able to diagnose the trou
ble and point out one specific
cause that overshadows all other
complications." And his expla
nation follows:
"The railroads are hard up.
Therefore they do not spend the
money they should. The hick
of new capital prevents' their
making many needed improve
ments. Between this and re
duced current expenditures the
effect permeates all down the
line from manufacturer to job
ber, to retailer, and finally to the
workinguian.
"The plight of the railroads
should not be judged by a few
conspicuous cases of flagrant
abuses. True, the pirates of
finance have worked havoc with
certain railroads. In doing so
they have brought distrust and
misconception on the whole
structure of railway organic,,,,
and management. The refill
Hon.
"The rich feel
well as the poor
dividends and default of interest
reduce incomes for the well-to-do.
That brings curtailment of
expenses, often rigid economy.
Servants are laid off. Purchases
at shops and stores are cut,
down. Hills are allowed to run
Iluilding and business invest
meiits are refused. All this
helps to cause dull business,
"To settle for all time the
exact status of railroad capitali
zation in this country, the gov
ernment is now undertakiiiL' a
oinprehensive work of deter
mining the physical valuation
of all the property.
'Capitalization has a bearing
on rates. Hut we don't want to
wait until the physical valuation
of railroads is completed some
five years hence. We want
prosperity now.
"When we bear in mind that
the railroads are owned by the
plain people of the United
States, a different attitude can
lie assumed to this great indus
try. There are about one and a
half million individual holders
of railroad stocks and bonds,
with an overwhelming propor
tion of them our own country
men. One million more own
stock in corporations depending
on the railroads. For the most
part they are folks in ordinary
circumstances.
"Nearly two milium are em
doyed by the railroads. About
one million more work for in
dustries directly dependent up-
on the railroads for business.
"Since the average family
consists of live persons, some
ourteen million people look to
he railroads for their daily
bread. Railroad prosperity then
vitally affects one out of every
seven of the country's total nop-
ulation.
"Selling transportation is like
any other business s
requires a fair profit. Without
a profit the railroad fails. Wheii
outgo exceeds income the road
wipes out its profit and runs at
a loss. To prevent this, rigid
li.lllAliu..u I.. ( .
i "iivuiu-a must lie imreii.i
at peace. Foreign trade oppor
tunities are opening up. The
financial system has passed
through the combined war and
the effect as 'legislative crises in tine shape.
Passing of
oc-re-
I...U i I .. I
'"" " e'Tin..ll That i, tl,, ,i t,
SErzrnrr'Hp" .
' -NO 111
iscrinn-
nation is shown between honest
ly conducted railroads and the
other kind.
"In addition to federal super
vision the states in,i;..,.i .n..
No national disaster ha:
curred and our natural
sources are unimpaired.
"The weakness of the business
situation must therefore be of
an industrial nature.
"The American railway sys
tem is the treat business gener
ating dynamo of our commer
cial machinery. It supplies cur
rent that revolves many other
industries. Speed up the rail
roads to normal capacity and you
speed up all those industries di
rectly or indirectly dependent.
"We can rely on the railroads
working with the interstate com
merce commission to properly
equalize the advance so as not to
injure either localities, commodi
ties or individuals. The day of
unfair, wilful discrimination is
past. From some angles the
rate increases theoretically may
or may not be justified. Hut
from the practical standpoint it
is not only advisable, but im
perative.
"So let us support the rate in
crease in a broad spirit of fair
play and intelligent co operation
for the common good.
"If it is true that our legisla
tion is deficient, by all means
let congress change the laws at
once. These should not only
allow, but compel action neces
sary to the welfare of the
people." Med ford Mail Tribune.
WATCH TALKS
A watch ought to keep good time for twenty
years, if it is a good one to begin with.
So when you buy a watch, make sure you
ARE getting one that is right, at the start.
WALTER G. BROWN,
Watch Repairer and Jeweler.
Perkins Pharmacy.
non
If You Buy Before Getting
Our Prices We Both Lose
We are in position to furnish you first
class material as follows:
Lumber, Shingles, Doors and
Windows, Mouldings, Lath,
Lime, Plaster, Cement, Brick,
Sawed and Split Cedar Posts,
Slabwood, Wall Board.
Also a large assortment of
Screen Doors, Window
Screens, Window Weights
and Cord.
Willamette Valley Lumber Co.
Phone Main 202. . Monmouth, Oregon
HOC
HOC
Dr. Laura Colby Price.
Ollice and Residence North
east corner of Clay and Knox
streets.
Telephone 2004.
Livery and Feed Stable
SULLIVAN & RAKE, Proprietors
Rigs to Let and horses for Hire
All Kinds of Transferring Done Promptly
and on Short Notice
Monmouth,
Oregon
W. F. SCOTT
Contractor and Builder
All kinds of Carpentering and
Repair Work done in workman-like
manner.
Let me figure with you on
that new building you are
soon intending to erect.
IMPORTANT EVENTS
1914-18 AT
laying off more men employed
oy the supply (inns.
" list illlliroi-emnnU ......
needed. Extensions should be TH E
adde
B. F. SWOPE,
Attorney at Law and Notary
Public. 9
Home Phone:
Ollice, No. 13-20,
Residence, No. 3712.
Office in Cooper building,
Independence, - Oregon
to develon inu.nri.n.i . .
' i H,,,;; ! : :i I " yvegonian
WINTER FHORT COURSE JAN. 4-30
Agricul including Agronomy,
Animal h Pandry, Dairying, Horti
culture, Poultry Husbandry, Insects,
Plant and Animal Diseases, Cream
ery Management, Marketing, etc.
Horn Economics, Including Cook
ing, Home Nursing, Sanitation, Sew
ing. Dressmaking and Millinery.
Commerce, including Business Man
agement, Kural Economics, Businesi
Law, Office Training, Farm Account
ing, etc. Engineering, including
Shnpwork and Koadbuildine.
FARMERS WEEK FEBRUARY 14
A general clearing house session of
six days for the exchange of dynamic
Ideas on the most pressing problems
of the .times. Lectures by leading
authorities. State conferences.
EXTENSION SERVICE
Offers lectures, movable schools, In.
stitutes and numerous correspondent
courses on request.
ML'SIC: Piano, Suing, Band, Vole.
V fi.Ui.. n.j . ....
4i , , h vimm iih mis? uurario tvnmriw mi i . t,f , , i,v vuiuuu, reuuera rues on a ra
thcrailroads. Likewise the states I more W, ,,,, . q I , THe lSt Ueek,y Joul of ds For further informa ion address '
have soaked the railn.,,,1. i .. su,cK,ine aorthwest. Gives all the . w , , " t0,lt'e
anJ ,,l,.iv for t,v,.s , ' 7'T 1 lernill,nl fac,ht,e8 J News of the World.
beiiisr tl...t I '"r"i'- -vii oi winch Trice Dervear en
" Mate ii s r..,in .. I . .i . . "
it of the nulrn,,.. ,1... , 1 . " mmi- 0,('
CORVALU3. ORfiOCjfl
(HIT. (If t In v.. . T . 1 .1
"'iroaa the less it
will have to pay i d.rect taxa-tion.
ditional capital.
"Where to get that capital is
now a problem that defies solu-
NOTICE OF FINAL SETTLEMENT
Notice is hereby given that the un
dersigned administrator of the estate
of Senith M. Fuller, deceased, has filed
his final account in the County Court
of the State of Oregon for Polk County,
and that Saturday, January 30th, 1915,
at 10 A. M. thereof, at the Court room
of the said County Court in the City of
Dallas, Oregon, has been appointed by
said Court as the time and place for the
hearing of objections to the said final
account and the settlement thereof.
JOHN FULLER,
Administrator of the estate of
Senith M. Fuller, deceased.
B. F. SWOPE, Attorney. I7t5
V. 0. BOOTS
Fire, Life and Casualty
INSURANCE
Losses Promptly Paid
- w
Herald one year 1,50
Both papers for 50
Hair Switches made from
combings. Enquire at this office.
WALTER G. BROWN
Notary Public .
Blank Deeds, Mortgages, Etc
Himes Engineering Co.
Surveying and Platting
Estimates furnishpd on Drainage
and Irrigation Work.
Phone 502. Dallas, Ore.
The Herald solicits your aid f