Image provided by: Independence Public Library; Independence, OR
About West side enterprise. (Independence, Polk County, Or.) 1904-1908 | View This Issue
WF.KT BIDK KNTKKWtlBl', INDICT KXDKXCK, ORK'iON
Graz Clearance Sale !
Our first annual Clearance Sale will commence Fri
day, January 15th and continue until February 15th.
This being our first regular clearance sale, Ave can promise the
good people el'lndependcnce and surrounding country the great
est bargains ever odered in Independence. Tills sale will mean
bargains in all lines, so do not miss it as it means a saving of dol
lars to you. Our spring stock will begin to arrive about February
1 5th and we must make room for it; consequently we shall make
prices t hat will dean up our present stock.
Yours for Bargains,
Moans ! nutrition ami iu cmim
iunol vitality. Wlim th livr
fella toM-rela MIh, lha blood l.mm
loaded with tllioun proprrtiea, tb dl-
gtlon iwoome impaired mwt mt
i,pI. p(ntlt)uiI. imiilna will no
tify thin; It (fivwi ton to the tnuiach,
llv-r and kidneys, itrrnjcthcim the
imelt. cl-"' and improve H" eutw
ll-xln, Intum-n uw life and vitr to
the whole system. 60 cent a bottle.
sold by A. H. Locke.
day January 15th. Ureal bargains
in all J!-'- Howls marked in
plain florurp. Prou'iir taken.
Impressing It on Him
I- what our tine Jsuintr work doe
to in. man wb. U lnla j for nme
thins; -xii('ie in i!!or arnl finish on
hi litifp. We aim t- make mir laun
dry wi.r M-rlw in 1-Hucy mid Jn the
l-rrni '- nrlttl'ii In r i li ve etd it
hoin. w1 u a twiniiU Mndle and
we ( I irj.n) you, N- prwifiw
and new pri.v-.
Orfif-ra Icf Kiitfh'n t ir er ahop or
he HaU-m will rvt ive prompt
Dry Goods, Clothing, Furnishing Goods, Hoots and Shoes, Hats,
Caps and Groceries.,
3 ' S
H f TnajMj. -1 ..atf-i i law
H. H. Jasperson,
and Funeral Director.
Independence, it Oregon.
LADY ASSISTANT WHEN DESIRED
tatullnir Millions by T?lr(rrili.
The Sun Las already told bow
hreatened panics at Baltimore and
'I. I.ois were relieved recently by
he shipment by telegraph of mil
lona of dollars by the bunks of
his city through the Subtreasury,
Jy Una method nearly 13,500.000
ras sent to banking institutions jn
;t. Louis and $1,000,000 to flalti
aore, U:e total interior shipments
t the week amounting to about
14,000,000," au unprecedented
Tlie mngnitude of ahipmenta and
he method adopted to mlieve pan
tky conditions attracted wide at
ention and in reality constituted a
lefturture lrom the usual way of
In the case of the t. Louis
rouble the confidence of depositors
a wo trunt coinpanics was shaken
ivories which are now alleged to
ittve bft-n set atloat by Chicago
lock operutoi'B. Inquiries as to
lie stability ot certain St. Louis
runt companies were niado here,
nd when these were telegraphed
rom here to St. Louis rumor en
urged upon them a result pro
iably foreseen. This is trio-cor-lered
way of promoting trouble
i an .invention of recent develop
nent. In spitoof the assurances of the
aanngciuunt ot the St. Louis cona
ianicH, depositors began to demand
heir money, and it was necessary
o get cash to ineot their demands.
Much of the free money of in
iior banks Is kept at interest with
inks of this city, where there is
asonably steady demand for
Voney; and it was for this money
at the St. Louis institutions im-
ediately sent their order.
The essential thing was time.
The money must be on the counters
at the opening, if ponaible, or, at
any rate, before the close of the
day's business. To ship $3,500,000
by express or registered mail meant
crating, carting and handling at
both cities, and practically two
days would elapse before the cash
reached the St, Louis counters.
In the meantime the waiting insti
tution might ba forced to the wall
by depositors' demands.
In the dilemma recourse was
had to the Subtreasury telegraph
method. When," the New York
bankers received the' urgent re
quests from thoir St. Louis cor
respondents they hasten to the
United States Subtreasury and ask
Assistant United States Treasurer
Fish to secure permission from the
Treasury ofticers at Washington to
accept their deposits of money here
and order it paid out at the Sab
treasury in St. Louis the same day.
The request was quickly granted,
and in most instances within three
hours after the St. Louis bankers
ask for the monev thy wero able
to get the needed millions at the
St. Louis Subtreasury. Tt is not
impossible that if it had been ne
cessary to ship by the slower ex
press method trouble would have
In the same w.y the situation
which lollowed the suspension of
two Baltimore trust companies was
relieyed. One afternoon there was
thus shipped $800,000 to Baltimore
The chaiges made by the Gov
ernment for the services in such
cases are equal to those of the ex
press companies for similar ship
ments by. railroad. The regular
rates for shipment of currency to St.
Louis are 00 cents on each $1000, j Philadelphia mint and $2,500,000
which makes $000 for $1,000,000.
In addition to this charge which
is for the transfer alone, the banks
here must pay the expenses of tele
grams and other things, which are
of course eventually paid out by
in currency from Washington were
shipped to the St. Txiuis subtreasury
to replace the money withdrawn.
Hot the hurried demands from
St. Louis and from the agricultural
districts had effects that are eur
rjriainirlv far reaching. These de-
the out of town instiutions.
Thus tho cost of sending $3,500,000 j man-Is were felt in London.
to St. Louis was $1200. The quick J In this city the heavy witb-
uf. iui rnia hanlru'drawala of funds resulted in a loss
a day's interest charges, which, with
money at 5 per cent amounted to
about $139 on each $1,000,000.
While the telegraph transfer
were under way to St. Louis from
this city cash was also pouring into
the banks there from Chicago, a
portion of it in the same method.
It was estimated that Chicago,
which was held partly responsible
for the trouble, sent to its sister
city nearly $1,000,000 a day for ten
In connection with the sudden
demand from St. Louis, the local
banks were also compelled to meet
a heavy call for cash , to move thes
crops of the West and South. In
the tame week there were several
shipments by telegraph.
Thus $2,G75,O0O was sent to New
Orleans to move cotton, at a cost of
$1931; and to Chicago $1,050,000
at a cost of $825. The entire
movement was accomplished with
out the least friction.
As the demands each Fall for
crop money in the West and South
run from $50,000,000 to $70,000,000,
a large part of which ia s-nt
through the subtreasury, it might
seem that the business must be a
lucrative one to the Government.
Such ia not the case, however.
The St. Louis situation is a case
in point. The withdrawals from the
subtreasury in that city, owing to
the telegraph orders resulted in au
actual depletion of currency hold
ings. In order to replenish the
vaalts it was necessary for the
Government to ship cash by ex
press from Washington,' and the
expense was in proportion to the
profits on the telegraphed money.
Some 1500,000 in gold from the
by the clearing house banks, as
shown in their statement on Satur
day a week ago, of $7,600,000 in
their surplus reserves. On Monday
last the foreign exchange rate fell
to a print where it became feasible
to import gold from abroad, and
$1,000,000 was engaged for' jmport
It Is Just a common cold, people ay,
there' no danger in that. Admitting their
tntcment, then there are uncommon colds,
colds which are dangerous ; for many a
fatal sickness begins with a cold. If we
could tell the common cold from the un
common we could feel quite safe. But we
can't. The uncommon variety is rarely
recoeniied until it has fastened its hold on
the lungs, and there are symptoms of con
sumption. At the first symptoms the careful person
will heed the "warning- by taking a mild
laxative ; some vegetable pill that will not
disturb the system or cause griping. About
the best is "Dr. Pierce's Pleasant Pellets."
If the cold starts with a cough, and it
persists then some local treatment for this
condition should be taken. A well known
alterative extract, which has been highly
recommended bv thousands of users, is
Tr. Pierce's Golden Medical Discovery.
This tonic compound is composed of an
extract of roots and herbs and has a sooth
ing effect opon the mucous membrane,
allays the irritation and at the same time
works in the proper and reasonable way,
at the teat of the trouble the stagnated or
It contains no alcohol to shrivel up the
blood corpuscles, but makes pure rich red
I)r. Pierce's iooo-page illustrated book,
The Common Sense Medical Adviser," is
ent free in paper covers on receipt of t
ne-ccnt stamps to pay cost of mailing only.
For Jl stamps the cloth-bound volume will
be sent lou6 pages. It was formerly sold
for $1.50 per copy. Address Dr. &. V.
Pierce, Buffalo, N. Y.
from London. This and other in-
portation8 will be used to replace
the cash so quickly lost by
local banks. New York Sun.
tf) Salem Steam Eauntlry,
1 (Vifonel J- Olmsted. I'rop. Droua
(( i D OloifttfJ. Mar. I'hotie 11.
Vii j Llr-rty Street.
I IS Givert TO DETAILS
I At our school. That is w hat coimta,
t and i odb reanon why our tudent are
' sucfu). BustnMta men appreciate
j thin fact, and many ask for no rerwu
Imendafion but ours. If you are inter
Jested In a-UHatile education, and wish
j to secure it for tbelowtct rwibie cost
'and in tln . shortest time consistent
j with thorough work, It will pay you to
nvstiirate the artvantiiEe we offer.
Sftid for catalog.
CAPITAL IJUStXIlSS COLLLTGE
W. I. Stalcy, Principal.
Davidsorp & Hedges, Preps.
Ciararjs, Cigarettes, Tobac
cos and Confectionery.
A Uery Close Call.
'First Class Soda Fountain
"I stuck to my engine, although
every joint ached and every nerve waa
racked with pain," writes C. P. Bell
amy, a locomotive fireman, of Burling
ton, Iowa. "I waa weak and pale,
without any appetite and all run down.
As I waa about to give up, I got a bot
tle of Electric Bitters, and after taking
it, I felt as well as I ever did in my
life." Weak, sickly, run down people
always gain new life, strength and
vigor from their use. Try them
Satisfacion guaranteed by A. 6. Locke
Price 50 cents.
Monuments and Head
B t Tmmf t? dat apt? unmi?T
LllllUJU mUiiUJU UU1UU
RATES: $1.25 to $2.00 per day
Special Attention to
Rates to Families or Sing!
WeeK or Month
e Persons by
J. M. STARK, Proprietor