Daily evening Albany democrat. (Albany, Or.) 1888-1888, October 01, 1888, Page 2, Image 2

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    Daily Democrat.
NATIONAL I)K::::tVTIC fTK'KErj
or Prj4i lj.it- 5 tOVKrt CI. KV.:i.Sn,.)f Xo York
For Vi-M PfjiidiTit-l!.l,EI J. TMIJRU VV, ol'Ohio
Fjr PrtMi I ri.lal Klcetira
W. K. lHLYKli, nt Linn county.
V. II. B'FISlKIt, o( Multnomih! couity
H. It. iKtl'tfJ tl'.l, of Uumilut, county.
A FAULTY CALCULATION.
Mr. Harrison in his letter of acceptance,
in attempting to meet the democratic de
mand for a reduction of the surplus money
in the treasury of the United Sta'es, say
that the government should buy bonds,not
now due,and retire them. Democrats ob
ject to this on the ground that bonds are
at too high a premium to justify such pur
chases. V he San Francisco CironicIe has
attempted to show, that,as u business prop
osition would be better to buy bonds that
are to become due in 1907 at 30 per cent
premium than to pay 4 percent Interest on
t'jem for in years and then pay them at
par. Tiiis is the way the C hrouick figures:
"A $100 bond due in 1907 has iy years
torua. The interest on that bond at 4 per
cent a year will amount in 19 years to 76
per cent ; that is, in 1907 the government
will have paid, to redeem that bond, $11
of principal and $76 of Interest, making
$176. That bond can be purchased now
for $130 and canceled. Is it not apparent
that every such bond so purchased and
canceled 6avcs the people of the United
States $46 ?"
Now, the fallacy in this argument is so
' palpable that a "wayfaring man though a
fool" would not have made such a faulty
argument. Let us state the proposition in
such a familiar way that any man or boy
"who understands the principles of percent
age and interest may calculate for himself :
A holds B's promissoiy note for $io,paya
ble in 19 years with interest at 4 per cent.
B concludes that he would like to set.le off
the note and not a'.low it to run the 19
years. A holds the note at a premium of
$30, that is he demands that B shall pay
$130 to redeem his $100 note. The ques
tion now is, would it be better for B to pay
the$i3oto take up his note or retain tne
$130 in his business and pay interest on the
note for 19 years, iuterest in the general
business of the country ranging from 6 to
10 per cent. If the note runs 19 years at 4
per cent the interest for that time will
amount to $76, so that at the end of the 19
years he will have paid $176 to redeem his
$100 note. On the contrary, if he should
take the $ijo and put it out at interest at
say 6 per cent for 19 years the interest will
amount to $148.20, or the $130 would
amount to $278.20. Deducting the $176
from the $278.20 and we find that B would
make $102.20 by loaning his $130 at 6 per
cent interest and allowing his note to run
the 19 years. If there would be a saving
to the debtor of $102.20 on a $100 note or
bond, how much would be saved on $709,'
000,000 bonds to become due in 1907. It
would amount to the enormous sum of
$7J4.593,ooo, a sum the saving of which to
the people of the United States would be a
matter of no small moment. So it will be
seen that as a matter of business, stripped
entirely of all party considerations the
proposition of Mr. Harrison is one that no
sound business man would make, and what
is goad business sense and management
for a man in business will be good sense
and good management if carried into the
affairs of government.
' CONKLING AND BLAINE.
Peter B. Crandall, of Ithaca, New York
an old friend of Conkling's, has given out
for publication the following letter received
by him in 1SG6 that speaks for itself. In
an interview Mr. Crandall says that he has
always been a republican but cannot vole
for Harrison who is dominated b) Blaine
Kead tne letter and you will then see why
there is such a stir among- Conkling's
friends in New York:
Mav 6. lKtV,
Mv Dear Sir: I am glad to receive jour
letter, ojr uus you win see in mil me lat
ter passages in the Frye-Blalne matter. Let
me know what you think. You will not
find fault with the self-command of vour
representative when called on without a
moment's warning In the presence of the
nation to answer such a libel. What is the
eEeet on our people ? Mr. Blaine is said to
D too near tne tecruiting business at Au
gusta, Me., where he lives,and where there
was another Haddock affair in crime, but
not in conviction and punishment. He
(Blaine) has grown suddenly rich out of
government jobs. His brother was con
victed of forgery and sent to the State's
prison, I am told, and all around vou will
see there is a very strong flavor a"bout the
whole thing. If where you and I are known
anyone can be found to believe the foul
lmputat'on put on us we have lived in vain.
How is this ? Your sincere friend,
ROSCOE CONKLING.
Clothing A large and complete lin
of gents' clothing and furnishing goods at
A. B. McllwainV In the clothing depart
ment he has a large line of pants, regular
value, $5, which he will sell during the
coming week for $2.50.
Bargains! Bargains! ! Bargains! ! I
Remember we are closing out our stock
of boots and shoes and have yet some very
desirable styles. Came and see for your
selves and you will not regret It.
Brownkll & Stamard.
The attempt of the republican leaders of
San Francisco to connect democrats with
the disgraceful and murderous scenes at
tending the republican primaries in that
city last week is as shabby a trick to make
partisan cap'tal as has yet been brought to
notice. Buck'cy,against whom these char
ges are made, has openly and in the most
emphatic way denied every and e-ch
charge a.id challenged the proof, which it
lsqu'.te safe to say will never be furnished.
Rudelick, the present republican County
Clerk, says it was a factional ftoht between
republican lcadcrs,who have for years been
striving for the mastery. There is to be
an investigation by the grand jury and the
guilty one should receive the full punish
ment imposed by law, whether they be re
publicans or democrats.
Weather.
Summary of Meteorology for Sept., 1S8S,
from observations takeu at Albany, Linn Co.
Oregon, by John Brigs, vol. observer for the
Signal Service, U S. Army.
Highest barometer on the 23rd, 30 07.
Lowest baion.iei.erou the lltli, 29.53.
Mean barometer 'or the month. 20.79.
Highest daily average of bar. 29.98.
Lowest daily average of bar. 29.3b'.
Highest temperature on the - I'l. 92.
Lowest temperature on the 13. h, 44.
Mean for the month G.'.OS.
Highest daily range of tlier. on the V, 43.
Lowest daily raogeof ther. outhe 3?th. 7.
Mean temperature at 7 a. m. daily ou.5.
Mean temperature at 2 p. in. da'ly 7. .9.
Moan temperature at 9 p. m. daily u'3.0.
Prevailing directions of wind, N.
Maximum velocity force, 3.
Total rainfall or melted snow, 0.61 iuches.
Depth of snow at end of month. 0.
Number of days on which .01 inch or more
raia fell, 4.
Number of days of cloudiness average 8
scaie 01 iu, j.
Of 90 observations 49 were clear, 9 cloudy,
9 tair, 1 foggy, 3 rain, 3 hazy, 10 overcast, 6
smokey.
St Frost on the mornings of 18, 19 and 22.
Temperature, f4 32 on average of 10 years.
llaiufall-1. 52 on average of 10 years.
Carpets,
Cheaper than you can buy them In Port
land. Will sell a good grade of Brussels
carpet for 60 cents ; a heavy three ply car
pet for 75 cents, and two ply carpets frorr
40 cents to 50 cents. Carriet u large li.ie
of oil cloths, linoleum and window shades.
A. B. McIlwain
Farmers When you are ready to bay
your winter stock of boots and shoes, do not
fail to call at Krausse & Klein', as we keep
only Rood honest goods and sell them at
reasonable prices. All goods warranted as
represented. Kepa-g neatly done. Al
bany Shoo Store, Flinn Block.
Jos. Webber
Announces to bis patroDs and friends that
110 ia uuw .ucateu in nil new anopin tne ro-
will attend to his customers at as reasonable
prices as any older snop. As be has three
bath-rooms running at all hours there will be
uv v aibtuK lur UaVUio,
FOR SALE.
20 imall tracts and throe farms on easy term
Some near to.i.
H, BltTANT.
MBS. B. HYMAN,
next east of S. E, Young's, Albany, Ol
Cutting and Fitting a Specialty,
STAMPINC OUTFITS, AND STAMP.
ING DONE TO ORDER.
LESSONS IN PAINTING
Wednesdays and Thursdays of each
week, and painting done to Older on
plaques and other material,
Nloe assortment of Artist materials on
nand.
DR. C WATSON MAST0N
Physician and Surgeon.
Offlos opposite the Democrat Office.
OR; J.L. KILL.
Physician and Surgeon,
Office cor, First and F.rry Streets,
ALBANY- - OREGON.
Fine horses.
We bave just bought from Easter
Oregon, a lot of 6m work horses wlio
we will sell on teros to suit the times
Among them are soon promising young
Iriveis from Onecn Mason Chief and
Edward Everett. Also Spoje choice
heavy a ares. An;one wishing to p 11
chase a horse will i well to look tl em
over. We will (ate pleasure in show
to all intending purchasers.
T
Tallman, Or.
THE PLACE.
By all moms call on
Parker Brothers,
Successors to John Fox, for your
Groceries,
Produce, .Baked Goods, Etc., Etc.
Thfiir tmnric ata tha Ytcat, anH thrlr m-iw.
reasonable.
STOCKMEN AND FARMERS
I herebv certify lhat Dr. I. N. Wood I a
has successfully operated on my ridgling
horse, ISAAC HAYS.
For further inference in retard to rider -
ings inquire of Win. Peterson, Dave Pe
terson, Lebanon ; John Hardman, Alfred
woiverton, Aiually ; sam uaines, solo;
Win, Foster. Prineville. I practice veter
inary medicine in Albany and country
surrounding.. Office and residence corner
6th and Washington Sts.
i. . WUUULIS,
Veterinary Surgeon,
INDERS AN3 MOWERS.
Farmers, remember that we this Tear
have the Osborne Steel Frame Binders
and Mowers, the strongest, lighest run.
ning, ana oesc made machine in the
market. We can give you just as good
terms as anyone, and probably a little
better ; at any rate come ana see us be
fore you buy. '
STEWART a SOX.
G. L. BLACKMAN,
Successor to B. W. Lang Jon,
DEALER IN
DRUGS. MEDICINES
CHEMICALS, BRUSHES,
snaps nnMRfi
and everything kept in a first-class Drag
Store. Also a flue stock of Dianos and
organs.
ALBANY. UKF.tiON
NOTICE TO SHIPPERS,
(via Yaquina to San Francisco.)
Of wheat, oats, bona and wool. I am ore'
pared to take Marine Insurance on all cereals.
bops, wool or any consignments of goods to
ana irom oao 1 rancisco. t or tarther partio
uiars, aaaress
Ala Harris,
Agent California Ins. Co., Yaqnina, Or.
New Wash House.
Lee Chinaman, who lived in this town for
many yean and was so well liked by every
body has returned and will ooen no a new
wash house the first of SeDtember. one door
sootn ot the Kevere Honse. Lee does good
work and wants everybody to get their
wasning aone oy mm.
ALBANY COLLEGIATE INSTITUTE
ALBANY, OREGON.'
1888. 1 RRQ
rirst Term Opeas September "lllli, lass.
A lull corps of instructors,
CLASSICAL, SCIENTIFIC, LITERARY,
UUMMcnUiAL AND NORMAL
CLASSES.
need of all grades of students.
bfcctal inducements offered to students
from abroad.
Tntflf... MnrMH tmr.. ae r n . ....
Roar.l In nrtv.t .lll ' . .' ' "'
...... .-...um at, iow rates.
Rooms lor self-boarding at smalloxrense.
a vnigiui auiiuivmiuu exerciaea over stu
nnatM AtVttV frnm l.ni. C-l .
" . , J . ."". fat, ierm opens
September 7th. For circulars and 7ull
particulars address the President.
BET, BLUEST H. t'ONOlT.
Albany, Oregon
Revere House;
ALBANY, . - OREGON
CHAS. PFEIFFER PROPRIETOR.
Fitted up in flrst-claea style. Tables
supplied with the bMt In the market.
Mice sleeping apartments. Sample rooms
ior commercial travelers,
9rree Coatk la aid fraas the Htel.-ca
WANTED.
Benton Fralev, son of the UDdersicrned.
left the State of Kansas ten years ago to
come west, since which time I have not
heard Irom bim. Any one ten wing his
whereabouts or information concern! iitr him
will confer (treat fivor by comraunicatinc
aucn 10 ine unaeraignea
nuon FRALXT,
Lenwore Cat.
MACHINE OILS.
The best varieties of maohlne oils to be
uau are aupt vy aiewan a. ojx, especially
the kindsthat bave been thoroughly tested
by the Linn county farmers. Prices guaranteed,
JOHN BRICCS,
FLOHIST
ALBANY ORES
Eoses a Specialty
Cemetery lots planted and attend ad to.
FALL ANNOUNCEMENT.
In making my announcement for the Fall I beg to call attention to the
Following Departments:
DRY COODS In th'9 department my stock is unusually Urge aud complete.
Dress goods in all the leading etylss j good shades for Fall and Wiuter r r
selected from the best Eastern and FuiiRn imnort-tions- The latrit novol
fes in trimmings and buttons, shawls, blauketB, soma extra good valui j in
white blankets, table linens, towels, etc.
CARPETS-My enlarged faoiKtiei for showing carpets hss enabled ma to
make larga purchases in this department. I can show a due line of In'jrii- '
it low prices, some choice patterm in Body Brusnh.li and Tapejtriea. I am
making carpets a loading branch of my bujine.su.
BOOTS ANO SHOES I y 'be larest line of Boots and Shoes in the city,
and have paid special attention to getting the goods beat suited to this trade
and I can show a fine line of goods. I keep in stotlr the be3t makei in the
corntry, and have endeavored to get a line of low prioe goods that I can gaar
a' :ee to giye satisfaotior. Anything in Boots, Shoes or Eubbers for men, wc
men an i children can be found in this department. It is in fact a shoe store
of itself.
GROCERIES 1 am givig special attention to keeping a full Una of Staple
Fancy Groceries, uncolored teas, roasted and ground cofT es, canned fruiti, the
latest specialties in breakfast foods, etc., can ell be found in this dep.wmen'.-.
Pure, fresh goods snd good value for mo&ey is my aim.
I would especially call the attention of parties laying in their Fall
supplies to my large Btock of
FALL AND WINTER COODS !
1 am better prepared than ever to meet their wants.
putments I am prepared to meet the
In all de-
Growing Demands of Linn Connty,
AND THE-
City of Albany,
And ask a thorough inspection of my stock.
Samuel E. Young.
BARGAINS!
First-class goods at bottom prioes is wnat the publio wants. These I have
at my store in this city. Bought at Bankrupt sales I can sell my stocK 01
General Merchandise
consisting of dress goods, gents furnishing goods, clothing, etc.,
AT COST.
5 cent counters also contaio many articles worth examining.
Cash 'or goods will be paid for all kinds of country produce.
G. W. SIMPSON,
Albany, Oregos.
WILL BROS,
Dealers In all the latest Improved Pianos,
Organs, Sewing Machines, Quns. Also
a full Una of warranted Razors, Butcher
and Pocket Knlyes, The best kind of
sewing maohlne oil, needles and extra,
for all machines. All repairing neatly
and reasonably done.
POTATOES FOR SALE.
A mot ted Bnrbank and Penrlesa Dotato-
deliyeted at 25 cents a bmhel. Alio 40
bushels fresh navy soap beans at 4 seats per
pound. Drop me card in Poatoff ce.
A. J.UAHOTUBR3.
NOTICE.
All persons knowing themselves indebted
to Dra. McAllister & Woodward, an hereby
notified to call and settle at once and save
oost.
, Drs. McAllister & Wo odwaro .
Rattar than the Clwtpeit
Portlaaa, Oreroii.
Pt.rri.t. t...iiinn.wi.t. iiim.iiih tiiAtmctlon. tal-
IWhed reputation, gmwiiiK popularity. Butlnnt,
Shorthvii, Common School an rmmmitMp Poptrt
mtnti. Htudema admitted at any time. Cata
logue and upeclmcns ol penmanship sent tree.
J.i. W"SC0,8ee'l. A t. IBMSTBOKUEils.
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