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 ltseut 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