Daily evening Albany democrat. (Albany, Or.) 1888-1888, August 16, 1888, Image 2

Daily evening Albany democrat., August 16, 1888, Page 2, Image 2

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Newspaper Page TextDaily Democrat. NATIONAL IU!I()1'UAT1C TICKET," Fjr Prjciaiit-G:iOVl51tOI,KVK!AN-),oINa Yorlc y Vi:a miMmt-.VLt.SS' 0. TUURM.VN. of Ohio. Kir IVoal timtUl Ktoptors '. It. nil.YKW. ot Linn county. W. II. B-'r'IVIlXH, of Multno'ma'.l anility K. It. UKlI'lVuilUI, ot UnutilU, county. WIl.I, TilEY CAIN' ? Siiedd's, Or., Aug. 151I1, iSi'S. Editors Democrat .' We are six farmers of different politics and have agreed to ask you for informa tion on the following points, and we desire you to refer to the record in making- ans wers : 1. How much is the public debt, . when does it become due, what is the rate of interest and can the debt be paid at the option of the government ? 2. Name the principal sources from which the govern ment gets money to pay its expenses and tell the amount received from such source? 3- Tell us how much surplus has accumu lated in the treasury during the last two years ? How much woolen goods were im ported last year and what was the amount of duty on them ? 4. Can it be shown that the farmers of I.inn county would be the gainers by the passage of the Mills bill, if so, how ? Farmers. "I"armcrsM ask questions, which, to ans wer in detail, would require more space than is usually alloted to one article in the overcrowded columns of a country news paper.but the fact6 called out by these ques tions are so essential to a proper under standing of the economic issues now before the country that we cheerfully comply by giving brief but substantial answers to the questions asked. 1. According to the' Pub. lie Debt Statement" for Julv, made at the close of business hours on the last day of that month, the interest bearing debt amounts to $1,014,138,142, classified as fol lows : Funded loan of 1891 bearing inter est, percent, $221,642,350 ; Funded loan of 1907 bearing interest 4 per cent,$7:3,73S, 200 j Refunding certificates bearing inter est 4 per cent, $134,080 isavy pension fund bearing interest 3 per cent, $14,000,- 000.; Bonds issued to Pacific Railroad, $64,623,512. T,he funded lqan of 1S91 fce comes due Sept. 1st, 1891 ; the funded !oan of 1907 becomes due July 151,1907. These bonds are not redeemable at the option of the government. The Secretary some time ago, in order to reduce the surplus in the treasury, began to advertise for bids on bonds to be redeemed. The offerings on the loan of 1891 ran from 7 to 8 per cent premium, and on the loan of 1907 the bids ranged from 27 to 28 per cent premium This method of reducing the surplus is ob noxious to a very large majority of the peoplc.as well as those who manage the fi nancial affairs of the government 2. The following are the principal sources from which the government raises money to pay its expenses and the amount raised for the fiscal year -ending June 30th, 1887 Printed reports for the year ending June 30th, 18SS, are not out yet.) Duties on Imports -$217,286,893.13 Internal revenue as follows : $Pints $65,829,321.71 lobacco 30,108,067.13 Fermented liquors 31,922,187.49 A-Mcuniargurine . ... ..... 723,940.04 4,288.37 220,204.81 repca.ea 29.aS3.49 Also troiu sales of public lands,profits on coinage, tax on national banks and many other miscellaneous sources, making the whole amount of revenues collected for the year aggregate the sum of $371,403, 277 Jbb. 3. The ordinary expenses of the govern ment for the same period were $315,835,. 428.12, leaving a surplus in the treasury of 5557,4 9-54."iat accumulated during the year cnuing June 30th, 1S87. The amount of surplus that accumulated during the .year ending June 30th, iSSS, is $97,000,000 in round numbers. The surplus for several months past has been accumulating at the rate of one hundred millions per year. The total value of all woolen gods imported into the United States for the year ending July 30th, 1SS7, was $42,448,127.04. The amount of duties collected on these goods was $29,256,442.10. This would be an average duty of 69 per cent. That is to say on every $100 worth of woolen goods Imported $69 duty was paid. This enor mous tax was actually paid bv those who consumed the goods. 4. inis is an Important question to "Farmer," as it directly and vitally affects their personal.monctary lnterests.lt can be shown very easily that the farmers of Linn county would be largely benefited by the passage of the Mills bill. There are42,ooo sheep in Linn county. They will average ay 5 pounds ol wool to the sheep. This would amount to 210,000 pounds. Now, if me sheep owner should lose ten cents a pound on his wool by putting it on the free list, (10 cents a pound being the present duty,) then the entire loss to the county would amount to $21,000. Now if the farm er loses to the extent of the amount of re duction made by the Mills billon the arti cle which he has to sell, then he will gain to the extent of the amount of reduction made on the f r'.iclcs which he has to buv. It will take a .nillion of sacks to hold tlie grain that will be shipped from Linn coun ty this year. The duty is 2 cents a tack. The Mills bill puts these sacks on the free list. The duty thus removed from a mil lion of sacks would amount to $20,000. Here on sacks alone the farmers of Linn county woidd gain back all that they w ould lose by reason of putting wool on the free hst. Jiut then there would be large 'rains by reducing thedutyon woolen goods from an average of 70 percent to 45 per cent. On the woolen goods alone the people of thecounty would make all back which they lose on wool lour tunes over, then here are the gains to the farmer by putting salt, lumber, etc., on the free list, as well as the reduction made on nearly everything he has to buy,all considered make the farmer a great gainer bv the passage of the Mills bill. The Senate Tariff biil cuts the lumber I duty. What will be done now? Here is protection stabbed in the tent of its friends. A. J. ROSSITER, V. S. Graduate of Ontario Veterinary College, Is prcparod to trait disoaios of all do mestlc an'tnals on seisntlQo principles. Residence and office two doors east of Opera House, Alban y, BINDING TWINE. We start In this season with 60,000 uouaus 01 aosoiuteiy pure manlila bind lug twine, which we will sell at as low a pi lee as the quality of the Roods will ad mit. '1 here is vary little of the pure in I tne marKht, and a great deal of poor twine i uoiug uiimcu ai iow prices. ve would oe giau to nil your orders tor the besc Stewart at Sox. 0, K. Paini Shop. House and Carriage Painters, Decorators and Paper Hangers. Piano Varnishing. All work guaranteed. VASSALLO & SALTMARSH. I take pleasure in announcing that I have re moved my old Store TO MY HEW BUILDING, On the coiner of First and Broadalbin Streets, Thanking my customers for the liberal patron age they have bestowed on me in tho past I trust that with INCRMSED FACILITIES and a large experience ance of it in the future. I may merit a continu- THRESHERS AND ENGINES. The oelebrateJ oagiues, separators and bw uiiuo uisnuiaoiuroo Dy Kussell Co. of Masslllon, Ohio, are now soli by us. I bey are last taking the :ead in the v auey ana invariauly give satisfaction. STKWA3T HOX. BINDERS AND MOWERS. T, . .. . ... mariners. reuismDsr tnnr. vn H,t. ra l,aA !.. it..! I and Mowers, the sirongest, llgbest run nine and best made maebine In the market. We can give you just as good terms as anyone, and probably a little hetler ; at any rate come and see us be lore jruu uuy. . STEWART SOX. Samuel E. Young. Bank circulation. Penalties, etc Collections under laws . First National Bank OF ALBlSIl, OREtiON. President r Vice President '""i"u ,';. J5 Oaahler .OhO. E. CHASlnitKl.iiw TRANSACTS A GENERAL batiklng business. ACCOUNTS KEPT subject to check. SIGHT EXCHANGE .,.,1 t,l.nki ..... .... , ow rmicucu, inicagu and yor Oregon. JUbmcTIONS MADE on favorable terms. DIRBCT0K3. y. E. Yormo, 010 E CiiAinuuiuiK" U E. Bum, L. Puss, WiLTSR E TURRS1.L, "broke: jne iumuor inon..po.ly. w, can furnish w uuiMiurq Hull DOIlirARtfirM m mh AF flnlol.ln.. ' " WJ-XW LUMBER, tnotioe. This lumhor ln, h,!lT5eJ!ow, flr' rfted frn,n e'e brated MeKlnzin timber regions and irianu THE PLACE. By all means call on Oilier Brothers, Successors to John Fox pr your Groceries, Produce, Baked Goods, Etc., Etc, Their (roods are the' best and the ir prices reasonable. fiir,i k I I.?."' Au' 1 '"utity can be .........,,., a.,utny n low prlTOM, It -.uuiiiui,alii.iUm i", qimity CEDAR POSTS. BOXIflG LATH, PICKETS aadliiroberofall kind on our yard con- ,, ur.ier wittiniu hearing (rout us. VV0 will money. wmng or aye you FRANCIS PFEIFFER. PROPRIETOR OF Albany Soda Works. And Manufacturers .of CHOICE CONFECTIONERY, We are now prepared to pell at wholt sale, always fresh and pure at Portland prices to dealers. We also keep a full line of Nuts and Tropical Fruits, CIGARS AND TOBACCO BARGAINS! Firsi-olasg goods at bottom prices is what the Dublin .. Tk t i. at store io this city. Boaght at Bankropt Xt, JJJ of" General Merchandise consisting cf dress goods, gents furnishing goods, clothing, etc., AT COST. My 5, 10, 15 and '25 cent counters also contain many artic'ss worth examining HAMMER BROS., adbaiij Liup COi 0',. "rVMlNNVILLE'CoLLEGE J McMinnville, Or. Two courses of in,t nrr... . . two of three years, ,d two of Jwo Tea' floor, sljolning President-. roorrTs. n.r" rn.rtl'!.r f0I y0Ung ""' """ding ijepartment In basement. Corrosnon. aonce invited. For catalogue aild Ire. .T, O. Browmion. MCALISTER & WOODWARD. Homeopathic Physicians & Surgeon' Obstetrics, Treatment of Chronio Dis eases of woman and children a specially. All calls promptly attended day and Office in the Flinn Block. FOR SALE. At very low rates. Lumber, Shingles, Lath, Posts, Pickets, Fence Trimmings, Sash, Doors and Blinds.' Call for prices at yard on flth St.. u east o O. C. switch. W. W, CROWDER. Cash or goods will be paid for all kinds of country produce. 0. W. SIMPSON, Albany, Orcgca. JULIUS JOSEPH, Manufacturer of Choice Cigars AND DEALER IN- FINE IMPORTED AND KEY WEST Cgars, Plug ann Smoking Tobaccos, -ersohaum and nrf..T,. line of Smokers' AnV.leT AiS VliS PII,es' nd CALIFORNIA AND TROPICAL FRUITS XT A. .J , . . . ' a full WANTED. To rent hv twn rTnKri,,..jw1 l.rm.H vn inn lor wheat with totna and farm implomcnu and iced lumla'.icil. ritaaeauielenm. Adilrcra O. M. Oasrett, 34, S Front St., Portland, Oregon. Next door to Burkbari, 4 Keeney C L. BLACKMAN. DEALER IN DRUGS, MEDICINES. CHEMICALS, BRUSHES. j SOAPS, COMBS, and everything kept in flrst-clLs Dm, IrgTn's. '1t0Ck 0f planos ALBANY. 0RF0X. A hany, Oregon. FOSHAY & MASON, -iaii d amit Drnggistsand Booksellers, hi?hwV2Inl;n BVAII' publlctlons, rostageW8ed3B,(."t PlLher'srice, wi.li ALBANY, OKEGOIV.