"I.1M1TKIV C'OHrilKATlONS.
It lia become lomewhat common now-a-davsto
see the word "limited," in paren
thesis, after the titles of corporations, and
It is safe to s&r thai people generally do
not understand the significance of the
term ; though, of coui v, business men do.
An explanation of It may, thcrefore.be cf
general Interest, The old principle of
corporations, created by legislative act, u as
that the entire property of every stock
holder was liable for the whole of the
company, as the whole property of every
member of a general partnership Is still
liable for the debte of the firm. This sys
tem made every shareholdei responsible
forbad management, of which he may
not be guilty, and deterred wealthy men
from becoming interested in the shares of
corporations. To remove this objecticn
he principle of limited responsibility was
introduced, and In order to notify the pub
lie that only the separate property of the
corporation was liable for the debts of the
corporation, the English law requires that
the word "limited" shall be used in every
case by the company in connection with
its title.
Most American corporations are con
stituled on the principle of limited liabili
ty ; but few, if any, of the states enjoin
the companies formed under their laws to
append the word "limited" to their corpor
ate titles. The matter Is so generally un
derstood in this country by business men,
however, that it is not deemed necessary,
though many companies do it of their own
accord. The most noteworthy exception
to the general rule Is the case of the nation
al bank, but even In this Instance liability
is limited to an amount equal to the par
value of the shares held ; that is, if the
national bank fails, each stockholder may
not only lose what he has invested, but
$100 more for each share of the stock lie
holds, if so much is necessary to pay the
debts of the bank.
Until within a few years ail the Scottish
banks were organized with unlimited lia
bility, and when, some eight or ten years
ago, a Glaicow bank failed disastrously
there were cases of men who only owned
a share or two, valued before the failure at
not more than $100, who were assessed
thousands of pounds sterling to meet the
debts of the bank. Since that time the
Scottish banks have been allowed to reorg
anize on a limited liability basis. lUd Rock
Democrats
MOKE VITUI'KICATIO.N.
The Oreqoman in a criticism of Terry,
his antecedent life, and the cuhnlnaiion of
his overthrow, takes occasion to throw an
unnecessary and uncalled for fling in say
ing, "What Terry has been, well represents
the character and history of the democrat
ic party of the United States." This Is
putting matters in wild juxtaposition, and
has no truth or semblance of truth in the
declaration. The man Is a base unprinci
pled partisan, lacking in honor and integ
rity to assume in this age of the world, that
a life characterized by violence and crime
has kinship to any party, and he only illus
trates blind and stupid political rancor to
declare It.
There was no occasion to go out of ills
way to basely insult more than 30,000,000
of people, a majority of the population of
these United 8tates. Similar attacks
emanate only from the most bigoted par
tisans. Scott's abominable venom and his
assistant's porcine characteristics no more
represent the character and history of the
republican party, than what Terry had
been, represented the democratic party
SunJay Wdnme.
The long controversy at Standing Rock,
Da., has ended, as was expected, by the
Sioux Indians signing the papers that sell
to the United States 11,000,000 acres of
their lands, lying between the settled por
tions of the new state and the Black Hill
regions. These lands are considered even
more valuable than the Oklahoma strip,
about which there has long been so much
fluster among those seeking available
homes free of cost. The new land will
probably soon be opened to settlement. It
embraces half of the present Sioux reser
vation, all that Is left of an immense terri
tory embracing the states of Dakota and
Minnesota, and probably more. Silting
Dull, who headed the war against the set
tlers a few years ago, held out to the lost
against selling, but the required two-thirds
vote was secured w ithout him. The In
dians get $1.15 per acre for this land, tak
ing their pa n bon.U, which are held in
trust fur them, and the Interest of which Is
paid them. They have still more good
land than they need, and the money invest
ed for them Is much more helpful to them
than more land could be. In this the In
dians are very like many other land hold
ers who are land poor.
A gentleman whohad suffered greatsnnoy
ance and pain from barbers itch, and who hail
been treated by the best phjsie-an, without
relief, says that twn buttles of DuUril'i
Speeilio cured bini and left his face perfectly
smooth, without a scar. It neverfiUi inskia
diseases, Sold hv Foshay k Mason.
WrigSl ' Myrrh tooth np comes off con
queror every time yon have "a brush" .with
it. Death to tartsr and decay. .S.I I by
foshay & Mann.
"The best way to can corn is to cut it
from the cob and boll it in the cans. If
the water is heated gradually the cans will
not break. Place the cans filled with corn
in a wash boiler, in the bottom of which a
cloth has been p'.aced, to keep the glass
from coming into contact with the metal.
Press the corn tightly in the jars.and cover
loosely, so as to allow air to escape . Boil
thoioughly, and after the air Is entirely
expelled, seal tightly. If corn Is boiled
outside the cans, more or less air is intro
duced into them when filled, anj a very
little air soon spoils the contents. Can
ning is much more expensive than drying
corn, and if the latter is prepared only
from young a nd tender cars it is nearly as
good.
Dr. M. H. Ellis, phvsiciau aad surgeon
VlVacy, Oregon. Calls mado in city ot
SEW ADVERTISEMENTS.
k SSEiOK'S NOTICE. -Moticeis here.
j by given that the Board uf Equali
zation will attend at the ofHce of tho
County Clerk, in Albany, Linn county,
Oregon, on Monday, the 9th day of Sep
tember, 1SS9, and publicly examine the
assessment rolls and coireet all errors in
valuation, description 01 qualities of
lands, lots or other property.
Z. B. Mo-s,
Assessor.
DR. C A. WHITNEY,
Physician and Surgeon.
Graduate of Bellevue He pit at Medical
College, New York City.
Diseases of wo ma a a specialty.
"Office, Fro man's Brick, Albany, Or.
IOR SALE.-Four yoke and a half of
goor work Oxen, together with yokes
ami chains; are wll broke cattle, and
will be ftold at a bargain for cash, being a
part o: the Astnte of John Kobinett.de
ceased. AppKto John W. Pupta. Admin
istrator of the Estate at Shedd, Oregon.
SAND, AC Persons desiring sand,
loam or gravel frm the premises of
F., L. Such in iienton county, ran procure
tickets for the same at my ofli-je, Craw,
ford's LJock, Albany, Oregon.
Cua$. K. Wolvekton.
A reliable U. S. Standard 3-ton tcale,
ouly $37. Delivered at your nearest rail
ro id station free of freight on tnirty days
trial. Larger scales at proportionately
low (rices. Warranted five joars.
Address,
F. C. HOFFMAN,
Albany, Oregon
NOTICE OF DISSOLUTION OF PART
NERSHIP. The partnership hereto
fore existing uuder the firm name of Wallace.
Thompson & Co., wherein T L Wallace, W
S Thompson L Forest, of the city of AI -bany,
LiDn county, Oregon, were general
Bsrtners, i.tlii the 7th day of August, A.
. 1S89, dasi.lvtd l.y mutual consent, T h
Wallace, retiring. Tue business will be con.
ducted at the same place by W S Thompson
sad K LxFoiest, undvr tho tirin name, La
Forest & Thompson, wl.o will assume all li
abilities and collect alt accouuts due the
firm.
Dated this Tth day of August, 1889.
T. L. Wallace,
W. S.Thohiyox,
E. LaFokest.
OLD IRON. Fifty tons of old iron
eastings, in any quantity, wanted
immediately at the Albany Ircn Works.
J. J.DORRIS,
Abstractor and Conveyancer,
JfTOIll.-e at theJCourt House,
5
SPECIALTIES.
CLOTHING
Fashionable and Stylish Suits-, Business Suits, Light weight
Summer Suits. Boys, youth's and children's suits.
Furnishing Goods
Fine line of light weight underwear balbriggan and woolen ; 6 osier y, fchitts
neckwear, see wire suspenders, guaranteed lor two jisib
all the latest novelties.
BOOTS AND SHOES.
A large line in this department of the best in the market.
HATS
Staple and Fashionable lines, among others a fine stock of the
John B. Stetson hats.
Tailoring
Merchant tailoring under expert tailor. Suits made to order under short
notice at remarkable low figures. More goods tumed out than ever before.
L. E. BLAI.
5
Stick a Pin
At Cost Most
TO MAKE ROOM FOR MY LARK STOCK OF FALL AND WINTER COODS
l WILL otLL MT ENTIRE STOCK OF
BOOTS AND SHOES.
AT OOST. THIS WILL BE A CLOSING OUT
SALE, AND TKEYIMUST CO. COME EARLY AND CET
Real Bargains.
AT THE SAME TIME DO NOT EORCET THAT I HAVE A COMPLETE
STOCK OF
DRY GOODS
Notions, Furbishing- Goods, etc,
WOULD ESPECIALLP CALL POUR ATTENTION TO THE FOLLOWING
LINES:
Dress Goods, Trimmings, Silk,
Table Linen, Gloves, Hosie- '
ry, Fancy Goods, etc
ALL AT LOWEST CASH PRICE-RESPECTFULLY,
W. F. READ,
The Leading Cask Dry Goods Store
T HE FA3IOUS
Wire Buckle Suspender
WARRANTED.
in the fact that X am offering better bargains than any one else in Albany
Bought at bankrupt sales I ean sell
First-Class Goods.
at or below COST.
FOR
niW'i
For sale only by
General merchandise of all kinds call on me. ParlisnUk..:.. :
ofsboe. .---Bji
Cash for Goods or Country prtdite
Gr W. SIMPSON
Albany, Oregoi.
I.E. BUM,
FOR THE BEST FURNITURE
CALL 02 THE
Albany Furniture Company
0PP0S1TK STEWART A SOX'S,
BED ROOM-SETS, TABLES, CHAIRS, UPHOLSTERED
GOODS.VWALL ? 5, BABY CARRIAGES
ETC. ETC..ET
IIA-WIdrVS & FAItRELL
MATTHEWS
WASHBURN
Cany a first-class stock of
Stoves, Tinware,Hardware,Etc,
WMcb they are selling at remark alby low prices.
JOB WORK
carefully and promptly done at reasonable prices,
Hopkins & saltmarsh
" " DSALEi'.S IN '
STOVES; TIN WARE, SHEET IRON, COPPER WtfP
ETC,, ETC.
Agents for "On Time" Heating and cooking Stoves. Job work, plurablnf
etc., promptly atfMdad 4or -
CHEAPEST AND BEST PLACE IN THE CITY
PURE DRUGS,'
Paints,. Oils, Stations, Etc., AntL Prompt attenon
DR. GUISS & SONS