The Athena press., November 29, 1907, Image 4

AN INDEPENDENT NEWSPAPER
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Application for entrance an 2nd clam matter
made on July 5,
1W7 at the poatofflce at Athena, Oregon
Under an Actot CoDgreBB of March 3, 1879
Subscription Hatct :
vt-ur, tn advanci
.Single copies In wrappers, 5c,
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ATHENA. ORE.. NOV. 29.
1907
THE STATE FUNDS.
It is easy to read between tbe lines
of the American Surety company's
attaok ou Governor Chamberlain,
through its Portland mouthpiece, W.
J. ClemeOH. Should the company be
able to hold State Treasurer Steel in
oflico until his term expires, the surety
people will have saved over $50,000
interest on tho total amount of Steel's
bonds, at the expense of the state.
This proceedure Governor Chamberlain
would prevent, and for this rouson do
mands that Steel resign, so that the
state may collect the bonds from the
surety company and thus come into
legitimate possession of funds illegiti
mately deposited with tbe defunct
trust company. With the resignation
of State Treasurer Steel the burden of
securing the deposit would fall on the
surety company, and in turn the com
pany is endeavoring to shift onto the
state at the expenso of tho common
wealth, the task of straightening out
Steel's tangle with tho busted trust
company. Evidently the governor has
no faith whatever in tbe trust com-
pany ever paying, hence his action in
seeking reoovery of the state s money
through the only recourse left the re
signation of Steel and then colleotion
of tbe state treasurer's bonds. So long
as Steel is not forced to resign be oan
draw salary and also protect the bonds
guaranteed by tbe corporation, thus
giving tbe state the "double cross."
Of the 1395,000 of state funds depos
ited with tbe Title Guarantee bank,
$100,000 is oovered by American Surety
company bonds, on whioh the state
oan sue as soon as the insolvency of
the bank is legally established. But
the remaining $295,000 Is oovered only
ty tbe gouoral bonds given by the
surety company for the protection of
all state funds in tbe treasurer's hands,
and ou these bonds suit cunnot be
brought until Mr. Steel is called upon
to turn the funds over to Lis successor.
If ho is allowed to serve out the torm
for whioh he was eleoted, his successor
will not take oflico until throe years
from next Jauuary, and in the mean
time uo legal demand cau be made ou
tho suroty company for the $295,000
doposited in the Title Guarantee bank.
Interest on the amount could be
ohaiged against tbe company only
from the date of snob legal demand.
If however Stool were to resign now,
demand could be made at ouce upou
the surety compauy by tbe state and
iuterest would begin to run from tho
dato of the demand. Tbe compauy
will save thoroforo interest on the
amount involvod for over three years,
if Steel serves out tbe term for which
ho was elootod. Assuming that the
money is worth to tho oompauy six per
oout, tho saving would be $17,700 Fer
annum or ovor $53,000 for tho three
years.
The smothering of tho Barrett bill,
which had for its aim and purpose tbe
provoutiou of just suob a tuugle as
rave
M
If you have failed to attend
ment
SIO.OOO
Worth of up-to-date merchandise on sale at sacrifice
prices, all must go before December 1. when we will
display our Enormous New Stock ot Xmas Goods.
Come help us move.
TEUISCH'S BIG DEPARTMENT STORE
The fastest growing Store in Eastern Oregon.
Steel has made of bis disposition of
state funds, was accomplished by
Steel and those interested in securing
deposits of state monies, by thrusting
a substitute bill before senate aud
housn while tbe Umatilla representa
tive lay ill at his hotel and incapaci
tated to offer defense for his bill on
tbe floor of tbe bouse. The principal
feature of tbe Barrett bill was that it
provided for tbe deposit of all state
funds with the different banks of tbe
state; made tbe state board responsible
for tbe safe-keeping and security of
tbe funds provided that no bank could
bold on deposit an amount of state
funds equal to more than 75 per cent
of tbe capital stock and no more than
90 por cent of the value of the securi
ties offered.
On the pretext that it "took away all
tbe authority of the State treasurer,"
Steel offered every opposition possible
to tbe bill, and now after exercising
his authority, be is up againBt tbe real
thing good and plenty. And so is tbe
state.
The following from tbe Chicago
Grocer is suggestive and worthy of
careful reading: "The day of safely
marketing rotten eggs and aeggs about
ready to hacob is over and both farm
ers and merchants have an ample rea
son lor being exceedingly carerui or
the ben fruit tbey dispose of, as other
wise the consequences may be exceed
ingly uupleasant. A government in
spector reoentlv hung around a store
in an Iowa town, and when a farmer f
brought in some eggs he said he want
ed some fresh eggs and took the lot.
Several of them proved to be rotten
and the farmer was assessed $120 by
Uncle Sam under the new pure food
law. If tbe merchant had taken the
eggs and disposed of them to his cus
tomers he would have been liable to
the same fine."
The holiday reason will soon be on
and the merobant who uses a liberal
amount of printer's ink will be the one
to secure the greater-portion of tbe
trade. Tbe Press will be in a position
to care for any amount of ad vei Using
that the merchants of Athena desire to
do. Already the merchants of tbe
other towns of the county have started
an advertising campaign through tbe
newspapers and are going out after
trade in every direotion.
Tbe reoont migration of foreigners
from this country to theh native
homes will not be received with regret
by the citizens of tbe United States
Lot us only hope and pray that the out
pouring from our shores will continue,
so far as tho lower and ignorant class
es are oonoerned.
1
Gov. Folk in his speech at tbe James
town Exposition, on Missouri day, bit
the stand patters ou a sore spot wbeu
ho said: "A tariff deliberately de
signed to create monopoly and to give
a few people tbe right tc prey upou
the rest of the people is prohibited by
the moral law the law of oonsoienoe. "
BRYAN'S PLAN A GOOD ONE.
Every uote put out by a national
bank is guaranteed 01 iusured by tbe
United States government. If a na
tional bank fail, its curreuoy remains
as sound as a gold dollar, and this
faot establishes perfeot confidence in
national bank currenoy.
Mr. Bryan would extend this safe
guard to the deposits of national banks.
He would have tho government insure
the payments in full of every dollar
deposited m a national bank, tbe cost
of this insurance to be collected as a tax
from all tbe national banks.
If this reform oan be effected it will
sssec
our Monster Bargain Base-
Sale
ctinm
1 gal. can Towles Top Syrup 1, now
1-2 gal can Towels Top Syrup 60c, now
1 gal. can Longs Saratoga Drips 95c, now
1-2 gal. can Longs Saratoga Drips 55c, now
1 gal. can Woodlawn Maple 1.50, now
CASH WILL SAVE YOU CASH
WORTHINGTON SPOT CASH GROCERY
prove tbe greatest fluauoial boon ever
extended to tbe Amerioau people,
Under it bauk panics would cease.
Credit in a national bauk would be as
good aud as unquestioned as a note
upon a national bank. There would
be no motive whatever for runs ou
national banks, and these tragedies of
theperseut banking system would soon
become a dark and unhappy memory.
Periods of comparative industrial
and fluauoial depression cau never be
altogether avoided. So long as the
speculative spirit remains in tbe human
mind, occasional undue inflatiou of
values and unsound speculative ven
tures must be expeoted. If, however,
we oould eliminate the wild fear that
loads to panio-striken runs ou banks,
the injurious effects of neoessary oc
casional readjustments of values
would be reduced to tbe minimum.
Depositors would have no reason to
withdraw their deposits aud hide them
away when most needed by tbe baukg
and tbe public. Assured of the pay
ment to tbe last cent of their deposits,
tbe people would go about their ocou
patious with confidence and hope.
Fioanoial panics would be robbed of
their most disasterous oonsequeuoes.
Tbe moral effect of this reform
would be tremendous. It would im
part great impetus to the virtue of
thrift and eoonomy. Under existing
conditions every severe flnanoial panio
deals a terriflo blow to tbe saving
spirit of tbe people. Men are led to
reason that it is not worth while to
save. That large element whioh is
inclined to live up to its income points
to tho ill-fortune of others who lost
their savings in broken banks and so
fall baok on tbe demoralizing dootrine
that it is best to spend all and enjoy
life while you oan.
Mr. Bryan finds from statistics that
the average annual loss to depositors
for 40 years has been less thau a fourth
of 1 per cent, and from this fact con
cludes that a very small tax on the
national banks would amply insure all
their deposits. There is indeed reason
to believe that if the deposits were so
insured losses in future would be muob
smaller than inthe past, einoe tbe mo
tive that now prompts depositors to
raid and break banks would be re
moved. We should then see an end to
this unhappy business of raiding and
breaKing banks which ordinarily would
be sound and solvent.
The plan advocated by Mr. Bryan is
deserving of thorough and friendly
consideration. Tbe fact thai it chances
to be advocated by tbe democratic
leader should not be permitted to exert
the slightest adverse influence ou tbe
minds of republican leaders of con
gress. Spokesman-Review.
room
CLOSING
75c
45c
75c
45c
1.20
HAMBERUM
KiaaaaaaaagqaaaaaBaaaqgaBaaoaaaaan
Coughs,Colds,
CROUP,
WhoopingCough
This remedy can always be depended upon and
Is pleasant to take. It contains no opium or
other harmful drug and may be given as confi
dently to a baby as to an adult.
Price 25 cents, large size SO cents.
Sold in Athena by McBride.
The Crackers with a
Flavor
INLAND CRACKERS
Are not made by the Trust
All Grocers Sell Them
LARGEST
ADVERTISERS
or
REAL ESTATE
IN THE
UNITED STATES
WE wilt sell your farm, home, or business
property wherever situated. Send for our
blank to Rive description f same and have it
listed with us. We have 1-uyers for property
all over the United Slates ,t,id your farm, home
or business property m;:y be just what our
customers want If you want to buy a farm,
horns or business propi 1 1 y, write us to-day
What you want and in w ' at state, county, or
towR you want to loc.ro. We issue a new
booklet of farms, homes a. id business property
that we have for sale ry month and sent oil
request You had better have your farm, home
or business property lis- 'd with us for our next
issue. If you need the service of an attorney
before the Patent Office or other branches of
the Government in this city, we will give you
the name of a reliable ii m. Write today,
Addr sa
EJ.TOTTEN & CO.
Bond Building Washington, D. C
Foley's Honey and Tat
tor chlldren.safe.sure. M opiates.
a AAAAAiiAAAAAi
Eagle
BERT CARTANO, Prop.
GOOD LIQUORS A SPECIALTY
VVVVWVNVVVVwVAVVA'V
Honrbonnd Bock sod Bye
Holly Tom Gin
Three Star Cognaff
Blue Stem Whisky
Famous Pilsner Beer
Best Brands of Cigars.
THE i
Bar
! "BERTS IS 1
AT THE ELE
IS THE PLACE"
ELECTRIC SIGN 3
lostae
OUT PRICES
. 1-2 gal can Woodlawn Maple 80c, now
1 quart Woodlawn Maple 50c, now
1 2 1-2 gal. kit Target 1.75, now
1 4 gal. kit Target 2.75, now
1 2 1-2 gal. kit Towles Top 2.25, now
First
National
of Athena
CAPITAL STOCK $50,000
SURPLUS 20,000
PER GENT IHTERtST PAID ON TIME DEPOSITS
E MODERN BANKING FACILITIES
OFFICEES
H. C. ADAMS, President,
T. J. KIRK, Vice President,
F. S. L fJEOW, Cashier,
I. M. KEMP. Ass't. Cashier.
B A. J. PARKER'S I
i -fmmm BARBER SHOP
et"i'i' ii-aS''' l'"-- llMiiS ;- Anilir, Clan - Blurt em
SOUTH SIDE MAIN
- ir 1 111 mi mi 1 1,1m rniiiMMBi-r iihitmi miitity '""'"'1 ' "'"' H'mlH WftMri''V to'.i
i An ounce of Pre- A
vention is worlh a
pound of Cure.
is worth more to ones health than any other medicine known.
Do not fill your stomach with arsenic, calomel, quinine and
debilitate the system, leaving symptoms that it takes Tears to
Obliterate. Merbirw is purely vegetable containing nothing
injurious, and is a gentle harmless purgative.
CIIRFSC0NSTIPATI0N' CHILLS AND
vUIxCo FEVER, DYSPEPSIA, MALA
RIA AND ALL LIVER COMPLAINTS.
Does More Than We Claim.
Don C. Morrison, Kissimmee, Fla. writes: "I have
used several bottles of Herbine myself and have advised
several of my friends to use same. I have found it to be
the best medicine for the liver I ever used. It acts gent
ly at the same time thoroughly."
PLEASINQ PRICE goc, HARMLESS
Ballard Snow Liniment Co,
500-502 North Second Street. ST. LOUIS, MO.
Sold and Recommended by
W. JlcBRIDE, PALACE DRUG STORE ATHENA, OR.
60c
40c
1.25
I.85
I.64
DIBECTORS
H. C. ADAMS, T. J. KIRK, F. S.
Le GROW, D. H. PRESTON, P. E.
COLBERN.
Bank
THE ATHENA MEAT
mm m
IVIAKKt.1
J. II. STONE, Proprietor
The place to get the best cTWeat that
money can buy, at lowest prices. Fish
and Oysters in season. Highest cash
price paid for poultry.
u