s s a rule, k e p t o u t of th e b an k in g bu si
ness by th e u n w illin g n ess of th e public
to e n tru s t m oney to th e ir care.
O
F /II EXPERT.
C arefu l
C h a li
R anks
Ce
A tado
L ia b le
fo r
O n e A n o .h e r'» D e b ts ?
R e c o g n iz e d A u t h o r i ty o n F i n a n c i a l
Q u e s tio n s
D is c u s s e s
B e a r in g s of P ro p o s e d
For the purpose of introducing my stock I will give ;
special discount on everything in my store, beginning on
Monday, Sept. 2 8 ,
and Ending Saturday, Oct*. 3
I have a complete line of
Furniture
Carpets, Rugs, Linoleums, Window Shades, Mattings, Cur
tains, Wall Paper, Paints, Oils, Glass, Trunks, Suit Cases,
and Valises. Pidtures and Picture Framing.
Framing and Enlarging a Specialty
John Wunderlich
Prop.
BANKS, OREGON
T h e K n o ck -o u t B low .
P r a c ti c a l
G u a r-
an*eo P la n .
<ßy G eorge K. R oberts, fo rm e r D i
B a n k in g
U n d e r p re se n t co n d itio n s th e re a re
' c o m pensations in fa v o r of care fu l and
I c o n serv ativ e banking. T h ere a re pen
! pie w ho a re not influenced in th eir sc
| lection of a bank by th e highest ra te of
in te re s t offered on deposiis. and wh.
i h ave th e ir suspicions a ro u se d by the
i ten d e r of exceptional inducem ents.
! T hey know th a t such offers put n
s tra in upon th e business, a n d they de
lib e rate ly p re fe r to place th e ir money
w ith a ban k er wh.> will not subject
him self to such stra in . T hese deposit
e rs esteem s a fe ty rb o v e all o th er con
sld eratio n s. a n d they a re num erous
enough to exercise a very wholesome
re s tra in t upon reckless tendencies In
th e business. A b a n k er now prizes the
re p u ta tio n of 'd o in g a sa fe business
and can n o t a fford to have a rep u tatio n
for im prudence a n d sp eculative hi
< lim it Ions. And yet. a lthough held In
check by th ese pow erful considerations
th e pre ssu re of com petition c a rrie s the
business n e a r th e d a n g er line eve)
now. T h e re is too m uch com|>etit!oi
for deposits, a n d th e am b itio n s of tin
m ore venturesom e m em bers of the f r i
te rn lty , a n d th e pace they set. pu ts th.
w hole sy stem u n d e r stra in .
B u t w h a t a re likely to be the con
d itio n s In th e business w hen th e puhii
Is no longer concerned about the m an
agem ent o f a bank, and all th e r”
w a rd s fo r c onservatism a n d re strain -
upon recklessness a re rem oved? T h ’
c o n sid era tio n s w hich In th e p a st bav<
I ten d ed to sa fe g u a rd th e business an.'
\ ad v an ce its s ta n d a rd s w ould be gone
T he public w ould enre nothing for th.
p e rso n ality of th e banker. In ste ad »1
looking to th e In stitu tio n w hich recelr
ed the deposits, th e depositor would re
ly on a n
o u tsid e fund. A > anker
m ight bet all th e deposits on horse
- r*®** w ith o u t th e fact becoming a
; n iiltte r of ■“ * concern to h is custom-
er8-
' A nd how w ould th e co n se rv a tiv e
! p ru d e n t b a n k e r fa re u n d e r these eou-
d ltio n s? T h e leg itim a te re w ard for
m a in ta in in g th a t c h a ra c te r w ould he
loat to him. H e w ould get no deposits
unless he bid a s high for them as Ills
rivals, fo r th e governm ent w ould stand
behind th e la tte r, a n d a ssu re the pub
lic th a t th ey w ere ju s t a s sa fe as he.
and tax him to m ake them so. In
sh o rt th e reckless a n d Incom petent peo
I Pie, who a re now e ith e r excluded from
th e ban k in g business, or held in check
by th e d is tr u s t w hich a d iscrim inating
j public feels to w a rd s them , w ould w ake
j th e pace to w hich everybody else in
th e ban k in g business w ould be obliged
\ to conform o r get o u t of th e business.
re cto r o f the M int.)
T h e pro|Kisul to re q u ire th e ban k s of
th e c o u n try to g u a ra n te e e;o 8 o th er's
de|H 8lts ow es its p re sen t stre n g th to
th e financial d istu rb a n c e of la st fall.
I t Is urged a s a m eans o f preventing
p anics, a n d th e re is no disagreem ent
ab o u t th e d e sira b ility of accom plish
ing th a t purpose. Most of lis agree
t h a t a re p etitio n o f th e conditions
w hich ex isted last fall should lie m ade
iui|m ssihle. hut fills is by no m eans the
only w ay to do It, o r the best way.
F o r y e a rs the a d v o ca te s o f com pre
hensive currency reform h ave pointed
out th a t w ith $14,000,000.000 o f hank
de|Misits In t h / c o untry a n d only about
id,IM),lNtO.OOO of money all told In the
country, both in th e banks a n d out,
th e re should he som e m ethod provided
hy w hich, on th e basis of good a ssets,
th e supply of law ful c u rre n c y could be
read ily Increased to meet exceptional
dem ands, w h e th er such d em an d s were
d u e to seasons o f u n u su al bu sin ess ac
tiv ity o r to a la rm am ong depositors.
T h e ir fo resig h t and a rg u m e n ts did not
u ra ll, but th ey a re h a rd ly to he sw ept
off th e ir feet now by Im p atien t zeal for
th is new. and. a s they re g ard It. Ill-
conaldered scheme. T hey s ta n d fo r n
com plete a n d scientific tre a tm e n t o f
th e subject.
T he g u a ra n ty of d ep o sits Is a crude
a n d Im perfect rem edy a t best. It does
not recognize o r a tte m p t to c u re the
d efects lu our hanking a n d c u rren cy
system s, but aim s only a t persu ad in g
dep o sito rs not to d ra w th e ir deposits.
T h e losses to d e|)osltors by th e fa ilu re
of n a tio n a l hanks h a s become a n lusig-
uiflcnnt percentage, a n d Is grow ing less
every y ear, ns a re su lt o f n a tu ra l, evo-
lu tlo n a ry progress in banking. T he
s ta n d a rd s a re being c o n stan tly raised ,
a n d the efficiency o f official inspection
a n d sup erv isio n c o n stan tly Im proved,
T h e tru e line of developm ent is not by
a n y re v o lu tio n ary policy, but hy hold-
Ing
individual
b an k ers
to
yet
s tric te r account, and a t th e sam e tim e
enabling every pro p erly conducted
bank to read ily obtain a supply of c u r
|
rency to m eet all dem an d s upon It.
T he fu n d a m e n ta l w eakness iu our
l
cu rren cy system Is in th e fa ct th a t It is
not re ad ily responsive to th e needs of i
th e country.
T h e leg itim ate dem and
fo r m oney v a rie s from y e a r to year,
a n d from season to season in th e sam e j
year. It is a fa m ilia r fa c t th a t th e re
is a g re a t deal m ore business to be
h an d led from Septem ber 1st to Decem
ber 31st each y e a r th a n in a n y o th e r
fo u r m o n th s o f the year, but th e re is
no m ore money in th e c o u n try unless
gold is Im ported fo r th e purpose.
„Oregon,,
Builders
B eat.
Are you doing what you can to populate your state?
OREGON NEEDS PEOPLE—Settlers, honest farmers mechanics
m erc h an ts, clerk s, people with brains, strong hands and a willing
heart— capital or no capital.
Southern Pacific Co—Lines in Ore.
is sending tons of Oregon literature to the East for distribution
through every available agency. Willyou not help the good work
of building Oregon by sending us the names and addresses ol
vour friends who are likely to be interested in this state? We
will be glad to bear the expense of sending them complete in
formation ajout OREGON and its opportunities.
COLONIST TICKE1S will be on sale during SEPTEMBER AND
OCTOBER from the East to all points in Oregon. The fares
from the principal c.t es are
From Denver .
“ Omaha . . .
“ Kansas City
“ St. Louis . .
“ Chicago . .
$30
30
30
35
38
00
00
00
50
00
From Louisville $41 70
“ Cincinnati 42 20
“ Cleveland 44 75
“ New York 55 00
TIC KETS CAN BE PREPAID.
If you want to bring a friend or relative to Oregon, deposit the
proper amount with any of our agents The ticket will then be
furnished by telegraph.
I
I
j
W. BROWN. Local Agent. Forest Grove. Ore.
W m . M c MURRAY, General Passenger Agent,
Portland, Oregon
j
i
j
j
T Y ^ r*
INSURANCE
T he blow which knocked o u t C orbett
Was a revelation to th e prize fighters.
From the earliest days of th e ring the
knock-out blow was aimed for th e Jaw,
the temple or the Jugulur vein. Stom ach
punches were th ro w n in to w orry and
weary the fighter, b u t if a scientific m an
M U T U A L P IR E R E L IB P A SSIS.
had told one of the old fighters th a t the
most vulnerable spot was th e region of
tie stom ach, h e ’d have laughed a t him
for an ignoram us. Dr. Pierce Is bringing
IIS T H E "
home to th e public a p arallel fa c t; th a t
thif stom acV is th e m ost vulnerable organ
out of V i e p r \ e ring as well as in It. We
protect Vur ImaHs, th ro a ts, feet and lungs,
but th e 's A * ifih b V e are u tte rly indiffer
e n t to, u n til disek^vtinds th e solar plexus
and
knocks us o ut!" M ike your stom ach
You are going to need a
¡mil Strang by tlie use of Dqcto?
^
** •
steel rim wheel this win
Medical D isc o v e ry :‘ap(-[
you p rotect v o u r-e lfiJi your m ost vulner-
ter.
Don’t fool your
aMo spot. J ’Golden M edical Discovery "
cures "weTk stom ach," indigestion, or
time away on wood rims
dyspepsia, torpid liver, bad, th in and im
Dealer in
pure blood and o th er diseases of the o r
in wet weather; trade
gans of digestion and nutritio n .
W o u ld l ) f m o m l l i a Business.
FLO U R and FE E D
your old wheel in on a
T h e "G olden Medical Discovery " has a
T h e h a rd e st co m p etito r in any line
specific c u ra tiv e effect upon all m ucous
new nickeled steel rim
surfaces and hence cures c a ta rrh , no
of husiuess is th e lncouqietent or dis
Pacific Ave.
Forest Grove. Ore.
m a tte r w here located or w h a t stage it
honest m an w ho does a n y th in g to get
wheel at
m ay have reached. In N asal C a ta rrh it
business.
Such people get in to th.
* M • S."»« « " » I
( S K
S K
is well to cleanse tho passages w ith Dr.
b an k in g business even now, b u t thei;
Sage's C a ta rrh Remedy fluid while using
num
ber
a
n
d
Influence
fo
r
m
ischief
the "D iscovery " as a constitutional rem
w ould be g re a tly
Increased if they
edy. W hy the "G olden M edical Discov
ery ” cures c a ta rrh a l diseases, as of the
w ere backed up by unlim ited credit. In
stom ach, bowels, bladder and o th er pelvic
o th e r lines th e re m ay be som e questlou
Phoneat
Shop 5 0 3
/te a . 5 9 1
organs will lie p lain to you if you will
Ä tto rn e v -a t-L a w
as to th e q u a lity o r service offered by
read a booklet of e x tra c ts from th e w rit
riv als, b u t all b an k ers deal in th e sam e
ings of em inent m edical auth o rities, en
k in d of m oney, a n d if deposits were
Forest Grove,
Oregor
dorsing its ingredients and explaining
th e ir c u ra tiv e properties. I t is mailed
m ade a jo in t lia b ility , th e re is no re a
free on request. Address Dr. R.V. Pierce,
son why th ey should not go to the
Buffalo, N. Y. T h is booklet gives all tho
b a n k ers w ho offer the g re a te s t induce
ingredients en terin g into Dr. Pierce’s
m ents to a tt r a c t them . T h e careful
m edicines from w hich it will be seen th a t
b a n k e r w ould have no off-set o r protec
they contain not a drop of alcohol, pure,
W o u l d l.fa il to H e c k l e » « B a n k i n g .
Homeopathist and Surgery
tion a g ain st d em oralizing com petition,
triple-refined glycerine being used instead.
Dr. Pierce’s g re a t thousand-page illus
ge
Tender, Juicy, Steaks,
As a rem edial m easu re th e g u a ra n ty and he w ould be W placed In th e stra H n U
tra te d Common .Sens«’ Medical Adviser
o f hank de|>osits is not only in ad eq u ate, position of being liable for his com
Forest Grove,
Ore got
will fie sent free, paper-bound, for 21 one-
_______ j
b u t It is w orse th a n Inadequate, fo r it p e tlto r’s obligations.
ren t stam ps, or cloth Urn ml for 31 stumps.
Roasts and Stews,
Address Dr. Pierce as above.
All efforts to m ake It a p p e a r th a t the
proposes to o v e rtu rn the principle of
Individual responsibility by m eans of ; in te re s ts of h a n k ers a re on one side of
Sausage and Bacon
th e reunion published a t th e tim e. Ai w hich th e hanking business 1ms lieen j th is q uestion a n d th e in te re s ts of de
B A R lt E k S
tili« iso T al't w ould p e rh a p s liuve been ra ised to Us p re sen t high sta n d a rd s, positors on th e o th er a re u n tru e to the
A ll kinds of Fresh
som ew hat dazzled if he could h ave fo re anil upon w hich a ll indiv id u al a n d so- facts. N othing th a t In th e long run Is
HAIR CUTTING A SPECIALTY
h arm ful to th e h anking business, th a t
f
seen how «pii -kiy a n d b rillia n tly th e j «'1*1 pro g ress Is based.
T he pro|M.sal co ntem plates th a t th e p u ts it u n d e r s tra in a n d te n d s to low
Postoffice Row
Forest Grovt
fam ily w ould proeeed to "em b ark upon
n a tio n a l p olitics.” H e him self s ta r t.tl public shall he relieved e n tirely from e r its staudn is. can be beneficial to
u.
th e tu r n o f th e tid e w hich he predlct- th e exercise of ju d g m e n t a n d dis dep o sito rs o r th e public. It can n o t be
ad
v
an
tag
eo
u
s
to
th
e
com
m
unity
to
have
e«l. It seem s to he reach in g Its flood c rim in atio n In the choice of hanks, and
In th e c a re e r of th e son w ho th a t y e a r w hile It Is highly d esirab le th a t all Its savings a n d w orking c ap ital pass
banks sh a ll be m ade safe, to th e end Into th e h a n d s of th e venturesom e
w as e n te rin g Yale.
ALBERT D I X O N
As A lphouso T a ft described his Im th a t even th e m ost Ignorant anil con class o f b a n k e rs who w ill bid m ost for
-them
.
T
he
a
ctu
al
w
a
ste
and
loss
Forest
Grove
-
Oregot
fiding
m
ay
be
protected.
It
la
still
tru
e
m ed iate am -estors one sees w here his
son got c e rta in c h a ra c te ristic s, i ’e te r th a t an a le r t public opinion has g re at th ro u g h unw ise investm ents would In
— Joe Stream guarantees to please T a ft (1715) w as "a large, good-look intlucm-e In m a in ta in in g proper b a n k evitably Increase. I t w ould fall a t first
with the latest haircut. Sharp razors ing m an of nm gnaulm ous illspiw ltlou." ing sta n d a rd s . We can n o t afford to do on th e c o n serv ativ e b ankers and penal
ize them . In ste a d of an elim ination of
w ith o u t th a t influence.
properly handled. Pacfic aveuue near He had fo u r sons.
U nder p re sen t c onditions th e Invest th e unfit, w hich is th e tru e process of
A aron, th e c a n d id a te 's ancestor, w as
F n s h io n S t o b le s
Hinman’i Hardware.
at
also so m agnanim ous th a t he lost m ents. tb a personal h ab its, th e general evolution, th e tendency w ould be to au
S iy lis h T u r n o u t s
— Money to loan on farm security. money by Indorsing a frie n d 's n o te s . c h a ra c te r a n d a b ilitie s of th e b a n k er elim in atio n of th* best. E v e n tu a llj the
he w as n m ail "of g re at Intelligence a re u n d e r th e c o n stan t acru tin y o f the burden of Increasing w aste would have
W. H. Hollis. Forest Grove
FOREST E30W
P
’
.
CIFIC
AVE
and In teg rity ." And then, going some com m unity, and a m a tte r o f public In to be borne by all depositors and the
w hat fu rth e r back, th e re w as t ’a p ta iu tere st. N o tw ith stan d in g occasional In w hole com m unity.
Everybody knows that
TAFT COMES FROM GOOD STOCK. W illiam T a ft, who took B larn ey C as sta n ce s in w hich th e public has been
O k la h o m a T ria l In eo n rla a lv o .
O R . J . M . K iN O X e
tle In the six tee n th o e utury "by b la r deceived. It m ay bs sta te d a s a general
we keep the best Meats
V c tu rln u rlu n
T he fa c t t h a t th* first bank failure
F a m ily R a n k e d A m o n g th e P la in ney «piite us m uch a s hy m ilita ry proposition th a t an unblem ished c h a r
P e o p le fo r M a n y Y e a rs.
prow ess."
Good stock w a s C a p ta in a c te r a n d a re p u ta tio n for good b u si In O klahom a a f te r th e law w ent Into!
County Stock l.isfXilor
to be had, but this is to
T h e T a f ts — th o se w ho a t p re sen t ar.i W illiam from w hich to m ake a tw en
ness a b ility a n d conservative judgm ent effect, waa follow ed by Im m ediate re
th e T a f t s —h a ll a n c e s tra lly from U x tle tb c entury S e c retary of W ar W il have been necessary to auccess in the im bursem ent of the depositors, proves
Office, Fi st Street aud Pacific Aventi
remind you to give us a
bridge, M ass. T h ey say t h a t T a f ts a ro liam .
b anking business. T he public looks nothing as to th* p ra ctic a b ility of the
•
Both Phones at Office and Residence
system
in
th
e
long
run.
T
he
fa
c
t
th
a
t
so th ic k In U x b rid g e th a t even a worn
over th e individual who Is to receive,
call.
A
(
¿
r
a
n
d
R
f
c
o
r
d
.
--------------------------------^ ------------—
a u c a n 't th ro w a alone w ith o u t h ittin g
a n d Invest and be responsible fo r Its the S ta te banks of O klahom a have
T h e lt<publican p a rly is not only money w ith som e discrim in atio n , and gained deposits since th e system went
one.
tSr C O .
Som e y e n ra ago—-lu 187-1, to la* e x ac t rich In m en. hut rich in p ra ctic a l ami th e elim in atio n o f th e unfit by the into operstlo n , w hile n a tio n a l banks S A E L E N S
— th e re w a s a T a f t re u n io n In U x beneficial prin cip les—It la rich too In scru tin y a n d com posite Judgm ent o f the w ithin the S ta te hav* loat. if true,
F o r e s t d r o v e , O re .
o■
ì
bridge. to w hich itc a cc m lu u ti o f the Its record. In prom ises |<*rforun*d and com m unity la a fa cto r of the highest proves nothing a s to th* m e rits of the
W E E K S U R S .V /T E CO.
o rig in a l R o b e rt T a ft cam e flocking pledges fulfilled, a n d so we a re for value in m ain tain in g th e sta n .ia rd s of system . Th* law Itself req u ires th at
3 0 / i / t h at.
P a t t / a n d . Ora.
from all p a r ts o f th e c o u u try . O ne of p a rty and p a rty principles first ami th e b anking business. I t is. how ever, all public d ep o sits m ust b* kept lu
w
ill
acquiesce
In
th
e
choice
of
the
ma
T o r D e s ig n * a n d P r ic e * **e
banks th a t belong to th* system , and
th e conspicuous fe a tu re s of th e « (fair
a fa c to r e n tirely overlooked by th e ad
th is provision alone w ould cause a con
w n s a h isto ric a l a d d re ss by A tphouso Jo rlty , ra lly in g aro u n d th e sta n d a rd Tocates of th .s scheme
V . H. L IM B E R
T a ft, f a th e r o t th e pr«>seut R epublican h e a re r w ho will c a rry u s ag ain to vic
T hey .calcu late th e Insignificant per sld e rsb le tra n s fe r of deposits and in
to
ry
.—
Hon.
J
a
im
e
8
Sherm
an.
c a n d id a te .
l i e tra«-ed th e h isto ry of
cent a g» of lose to total deposits u n d e r * u *noe *°m* banks to Join th e system .
L oca ! AQent
F o r m » t O T*P *
v a rio u s b ra n c h e s o f th e fa m ily , a n d
Mr. B ryan m ight m ake a lilt In th* present «'•million*, a n d assum e th a t no Th* real test of th* policy will conic
w hen he cam e to th e one to w hich he Rocky M ountain s ta te * by p ro p p in g a g re a te r hisses w ould occur a f te r char- In Its Influence upon th e b anking bus!
FINE WORK DONE CHEAP-PRICES
a n d bis c h ild re n belongeit he sa i« l:
fed eral g n .ira u ty o f m ining stock de- a it e r .-eased to be a fa c to r In th e busi ness In tb* long run. W ill It tend to
Whit« thirt
- 10e D i m s
.
i to ¡Sc
"O u r fa m ily h av e uot e m b a rk ed m uch p re tts - -O m a h a Bee.
ness. and all deposits w er* given blind secure m or* care fu l and p ru d e n t In
son - . ■ - 10c Whir. Wait.. . to to Kt
upon u a tlo n a l politics, except th a t they
ly to w hoever w ould bid highest for vestm ent of th* v a st sum s w hich the
Whlt« Sktr*
IS to 50 rndorsltirt. . lj to 25c
__________________
Colonel B ry an lam e n ts th# “dlscrlm l- them
h a v e s o a re d In th e b a ttle s o f th e conn
To th# objection
th a t th is allm- people of th* c o u n try keep In banks, or
!'nd«r*hfr*«
•
Sc Stoc ks? . .
•
ju .
n
a
tio
n
th
a
t
h
a
t
been
going
on
again
st
t r y r _ e n n a tio n a l ludependence w aa
Inatton of c h a ra c te r a s a fa cto r In th *
** **a<*
w**k#n tb* personal re-
H e o d k o re h le * .
to C o i n
. . . .
to he w on. a n d also w hen th e Ulilou th* fa rm e r" In e lecting so few tille rs Si'qulsltlon of deposits m ust ten d to sponslblllty fo r these fu n d s and divari
M o a l W h it. Vtm It I I P u n . . .
.
,
C m w
•
- IO to c D u n « .
.
,5 ,
w a s a t M ake
B ut b rillia n t political o f th e soil to C ongress a n d th e S enate
prom ote reckless banking, reply Is them Into incapable s a d w aateful
r° sl« s •
20e D u
N apkins •
. jÇc j.
It Is a superficial view which
« a re e rs h a v e not been c h a ra c te ris tic of W h at troubles him chiefly, how ever, is m a.te th a t bankers w ill be d e te rre d h ands
The t o lt e * ..* t r a c io . SOc »or fco : P illo * e s »
ttie T a f ts 111 th e p a st i t is n»t sa fe to th e dlscri ml n atio n w hich th e whole from recklessness by fe a r o f losing lays all em phasis upon th* im m ediate
s r a S bo o n , TshI.clo th e s, N i(h t G o * , ., Wcu e .
A m erican n atio n e x ercises a g a in st a th e ir own money Th# reply m isses tb* re su lts of tb* law so d g ire s ao con
s a y w h a t m ay be In sto re r«>r them
D l*"*™ - V o s « * » . Aproos .04 C o n « C o .e rs.
Houses Rented and Rent* Collect^
’I h e re Is a tid e In th e a ffa irs of mci' c e rta in fa n n e r «>f L incoln. N eb . In de p«>lnt. AU men e re not d eterred from sid e ratio n to Its v iolation o f funda
_____
a n d a lio o f fa m ilie s.’*
c lin in g to elect him to th* W hit# re .k le s s n .e s by fear of losing th e ir n,*n U l p rinciples and tb* consequences
rACOTC AVOUE
FOREST GROVE
j ow n money, hut reckless men a re now wWcfc m u*‘ follow
i i l i s is tak o u from tu e a o -w in t of i H ouaa.—New York t ribune.
O. A. Q o r l ’s
F llXiLs
BMKERS «¡0 MERCHANTS
Of Forest Grove, Oregon
Best and Cheapest
R
j
JAM ES
RASM US EN
W.
H.
H O LLIS
Dr. Geiger
Moulton 8 Bogan
Vegetables
Groceries
Wood Sawing s
W. F. SCHULTZ
Good Eatables
Misner & Gordon
Low Prices
rionum ents
Quong Lee’s
LAUNDRY
A. BALDWIN
RcaL Estate
Exchange
Forest G rove