SILVEH VETO MESSAGE
Having referred to some- incidents which
I deem relevant to the subject, it remains
for me to submit a tpeclfic statament of
my objections to the bill now under cod
sideralion. This bill consist! of two sec
tions, excluding the one which merely ap
propriates a sum sufficient to carry the act
Into effect.
The first section provides for the iuime'
diate coinage of the silver bullion in the
treasury, which represents the so culled
gain or seigniorage which arises from
, coining all the bullion on hand, which gain
or seicniorare this section declares to be
$55,156,081. It directs that money so
coined, or certificates issued thereon, shall
be used in-piyment of p iblic expenditures,
and provides that if the need of the
treasury demand it, the secretary of the
treasury may, in his discretion, issue silver
certificates in excess of such coinage, not
exceeding the amount of the seigniorage
ia said section authorized to be coined
The second section directs that as soon
as possible after the coinage of this seign
iorage the remainder of the bullion held
by the government shall be coined into
legal tender silver dollars, and that they
shall be held in the t'casury for the re
demption of '.he treasury notes issued in
the purchase of said bullion. It provides
that as fust as the bullion shall be coined
for the redemption of said notes they shall
not be reissued, but shall be canceled and
destroyed in amounts equal to tho coin
held at any time in the treasury derived
from the coinage provided for, and that
silver certificates shall be issued on such
coin in the manner now provided by law.
It is, however, especially declared in said
section that the act shall not be construed
to change the existing laws relating to the
legal tender character or mode of redemp
tion of the treasury notes issued for the
purchase of silver bullion to be coined.
Tho entire bill is roost unfortunately
constructed; nearly every sentence presents
uncertainty and invites controversy as to
its meaning and intent. Tho first section
Is especially faulty in this respect, and it is
extremely doubtful whether its language
will permit the consummation of its sup
posed purposes. I am led to believo that
the promoters of the bill intended in this
section to provide for the coinage of the
bullion constituting the train, or seignior
age as it is called, into standard silver
dollars, and yet there is positively nothing
in ths section to prevent its coinage into
any description of silver coins now author
ized under any existing law. I suppose
this section is also intended, In case the
needs of the treasury callei for money
faster than the eelgniorage bullion could
- actually be coined, to permit the issue of
silver certificates in advance of such coin
age; but Us language would seem to permit
the isiuance of such certificates to double
the amount of the seigniorage as stated,
one'half of which would not represent an
ounce of silver in the treasury.
' The debate upon this section in congress
developed nn earnest, positive difference o:
opinion as to Its object and meaning. In
any event I am clear the present perplexi
ties and embarrassments of the secretary of
the treasury ought not to be augmented by
devolving upon him the execution of a law
so uncertain and confused I am not willing,
however, to rest my objection to this
section solely cn iheso grounds. In my
judgment sound finance does not commend
a further infusion of silver into our cur
rency at this lime, unaccompanied by a
further adequate provision for the main
tenance in our treasury of a safe (fold re
servo. l'oubts also arise as to the meaning and
construction of the second section of the
bill. If the silver dollars therein directed
to be coined are, as the section prov'.des,
to bo held in the treasury for tho redemp
tion of tha treasury notes, it is suggested
that, strictly speaking, certificates cannot
be i3sued on such coin in the manner now
provldid by law, because these dollars are
money lcH in the treasury for the express
purpose of redeeming treasury notes on de
mand, which would ordinarily mean that
they are let apart for the purpose of mb
stituttng them for those treasury notes.
They are not, therefore, held in such a way
a to furnish a bans for the ceitilicates ac
cording to any provision of existing law.
If, however, silver certificates can .properly
be issued upon the dollars, there Is noth
ing In the section to Imlicnte the character
istics and functions of these certificates.
If they were to be of the same character as
the silver cartificates In circulation under
existing laws, they would at best be receiv
able only for customs, taxes and all public
dusr, and under the language of this section
1 1 is to say the; least, extremely doubtful
whether the certificates it contemplated would
be lawfully received, even for such pur
poses. Whatere else msy be said of the uncer
taintaint of expression la this bill, they
certainly ought not to be found in legisla
tion affecting a subject to important and far
reaching as our finances and currency.
In stating the other and more important
reasons fjf my blsarproval cf this section,
I shall, however, assume that under its pro
visions the treasury notes issued in pay
ment for silver bull len will continue to be
redeemed as heretofore In sliver or gold, at
the option ol the holders, and that If when
they are presented for rcdemptson or reach
the treasury in any other manner,lhre are
In the treasury coined silver dollars equal
In nominal value io such treasury notes,
then awl In that eae t!ve notes will be des
troyed and silver certiOcatce to an equal
amoum substituted. I am convinced this
this scheme is ill-advised and dirercu.
As an ultimate result of its operation, that
treasury notes whlcr. aro legal tender for
all debts, public and private, and which are
redeemable In gold or silver at the option
of the holder, will be replaced by silver
certificates, which, whatever may be their
character and description, will havs none
of these quiltlles. In anticipation of thl
result, and as an immediate eflect, the treas
ury notes will naturally appreciate in value
and desirability. The fact that gold can be
realized upon them, a.id the further fact that
their destruction has been decreed when
they reached the treasury, must tend to their
withdrawal from general circulation, to bt
immediately presented for gold redemption
or to be hoarded for presentation at a more
convenient season.
The sequel of both operatlonswlll be a
large addition to the silver currency in our
circulation and a corresponding reduction of
gold in the treasury. Argument has beeo
made that these things will not occur at
once, because a long time must elapse be
fore tilt coinage of any thing but the seig
niorage can be entered upon. If the physi
cal effects of the execution of the second
eeceion of this bill are not to be realized
until far In the future, this may furnish a
strong reason why It should not be pi 3sed
so much in advance, but the postpor.ment
of Its actual operation cannct prevent the
fear and loss of confidence and the nervous
prostration which would immediately follow
its passage anl bring about its worst con
sequences. I regard this section, i f the bill as an
embodying plan by which the govern
naent would be obliged to pay out Its
scanty store of gold for no other purpose
than to force an unnatural addition of the
silver money Into the hands of the peo
pie. This Is an exact reversal of the pol
Joy wblch safe finanoe dictates, if we are
to preserve the parity bst ween gold and
silver and maintain a sensible bimetal
lam.
We have now outstanding mors than
(338,000,000 to silver certificates Issued
under existing laws. Tftev ate serving
the purpose of muney usefully and with
out question. Our gold reserve, amount
ing to only a little mora tban?100,000,000.
is directly charged with the redemption
of 1356,000 000 in United States notes.
vvnenit is proposAd, to innate our silver
currency is the time Tor strengthening
onr gold reserve instead of depleting it.
I cannot conceive of a longer step toward
silver monometalism than we take when
we spend our gold to buy silver cert id
cates for circulation, especially in view
of the practical difficulties surrounding
the replenishment of our gold. This
leads me to earnestly present the desira
billty of granting the secretary of the
treasury better power than now exists
to Issue bonds to protect our gold reserve
when for any reason ft should be cecess
ary. Our currency is In such a confused
condition, and our flinsncial affairs are
apttoassum9, at any time, so critical a
position, it'seems to me such a course is
dictated, oy ordinary prudence. 1 nm
not Insensible to arguments in favor of
coining the bullion Bslgniorage now in
the treasury, and I believe it could be
bone safely aid with advantage, if the
secretary of the treasury had tho power
to Issue bonds at a low rate of Interest
under authority In substitution of that
now existing and bettor suited to the pr o
tectlon of the treasury. I hope a way
will present Itself in the near future for
te adjustment or our monetary affairs
fn such a comprehensible and oonsjrva
tlve manner as will afford to all ver its
prop3r place la our currency, b'j e
meantimo I am extremely aolicitlous
that whatever action we take on this sub
j'jet may be such as to prevent Ios
discouragement to our people at borne
and the dest'u;tion of confidence In our
financial managemeut abroad.
BcTrnro or Ointments for Catarrh that
contain Jlorcury,
Its mercury will surely destroy the u-nse of
smell and completely derange the wholo system
when entering it through tho mucous surfaces.
'Such articles uhon Id ucve? be used except on
prescriptions from reputable pliyuieians, as the
lnmn:re they will do I ten fold tn the good yon
can possibly derive from them. !J:il,s Catarrh
'ure, manufactured liy !'. J. Ctien-y A: Co.,
Toledo, ()., contain no mercury, and is taken
internally, acting; dirertly upon tho blood and
mueon surfaces, f I he system. In buy inn Hall's
Catarrh Cure be sure you tret the genuine. It is
taken internally and fa mi.ie in Toledo, OUiOi
lv F. J. vheiiey A: t'o. Testimonials free. .
Ajr Bold by jjruKgists, prit" 7jc p,.r bottle.
"As oM m
theli ills" mid
never excell
e.l. " Tricl
fjjl ainl proven"
is tbo verdict
o f million.
Simmons
Liver Eegu
. lator ia the
p TTP 1 o n l y Liver
jLJLffC an. 1 Kidney
medicine to
which you
can pin your
faith for a
cure. A
mild laxa
tive, and
purely veg
etable, act
ing directly
on the Liver
t nd Kid
n
Pills
uev. Try it.
Sold hy all
IVtiji'ists in Liquid, or in Towde.'
t y l e taken dry ormado intoa tea.
The Kins; nf tlrr Mc dlrWs.
I have ne,t yur?lmmons l.lverTtosra-!nt,-and
e:m i-,,n,-ientl,u!,v par It t" the
fcincof nil liver inedl, hies. I'con'-ider It m
r.iedleine ehet In llHl.tiko. W. JACK
suit, Tacvuuat, Waalilug-ton.
tat-EVEUY PACKAGK-va
the C SUunp In Tti Itrarret
JUST FUZZ
of improvements Dr. Pierce'i
Pleasant Pellets. To begirt with,
they're tho smalloBt, and the easiest
to take. They're tiny, sugar-coated
anti-biKous granules, scarcely larger
wtau mustiim sccus. ii.vcry emm
is rrauy ior mem.
Then, after they're taken, instead
of disturbing and shocking the sys
tem, they net in a mild, easy and
natural way. There's no chance for
any reaction afterward. Their helD
lasts. Constipation, Indigestion,
Bilious Attacks, Sick or .Bilious
Headaches, and all derangements
of the liver, stomach, and bowels
aro promptly relieved and perma
nently cured.
They're put up in class vials.
which keeps them always fresh and
renaoic, utiiiKo the ordinary pills in
wuuuun or pasieooara Doxes.
And tliey're the cheamst Dills vou
can buy, for they're guaranteed to
give satisfaction, or your money is
returned. You rav onlv for the
good you get.
Star Bakerj
(.'orBrowilaltiln ssutl Flint Hit
CONRAD iVEYtR, PROPRIETOR,
aaurd aVrailsi,
Vatssirnre,
tried rraltH,
Tobacco,
Nagar,
'oilee.
fjtanuessl Sle.
Ineeaswart
Vegetables,
Cigars)
Splcea,
Tea,
Etc.,
tac everyth.air that la kept in a frener
variety and irsocery atore, Highest
market price paid for
AJ.L KINDS OP PRODUCE
WANTED
At the store
Allen Bros.
formerly; owned
BUTTER,
EGGS,
liARD,
BAUON,
and CHOICE
APPLES,
for which I will pay I'ne best cash pric4
possible.
B F RAMPI
Stationery, Toilet Artisles, Ha sua
Instruments, Etc.
Hodas k McFarlanfl, '
The; Cornet Driig;.Store,". Albany, O' Z
Wall Paper,
Orudis, X'aintM Oll
GlBHti. Itc
J. A. fiimniirg
ALBANY, 0RECO
NOTICE OF FINAL SETTLEMENT.
NOTTCE 19 HEREBY OITEN THAT THE VS
itr?inned Kxecuwr ofthfl UH will an. t tr'a
nient of Andrew Kbb, tle?eft'ei. h filed her fin
account In the eiUt of Andrew Rohb, driwsj
with the canity clerk of Linn cnnty, Oregon
nd that the count j- court of said Linn county, fm
fixed the 10th dar vt March, 1hs4, tth
hour ol 10 o'clock in thr forenoon of laid dav, wtd
the county co'irt houtw as th place, for
U,e hearing of f. Meet ions if any t aaid final ac
count and the settleiucnt of said estate.
THtrt Fthnuav 8th.
II H Hrwirr
Atty (or Executrix.
.Hss R Roan.
Executrix
T.
C. n.lCKKV, -M.D
PhTiclsTi frt1 Surtton.
He.i.nre. c mrr Kth and Cfciiroota
FORTMILLER &
Undertakers - and JZe
WfflJ:Su,
which will bs old at
The lowest Laving Proffllaj.
EMBALMING nd ,he PPerclre ol the d.ed PectaU'-
NO EXTRA CHARCfc FOR
ALBANY, - - MASONIC
I MEAN
Will sell all crcckerv ware and holiday gooda al
COST- Here are some prices: Lamps, worth
r,fi fn 9 nanta- lnmns worth 00 fnr tl.OO
cups and saucers Z5 to 10 cents
set. iiivex v ' ,ioo jji uui nun,
Call on me and you will not be deceived.
J. Gradwohl.
NEW : FURNITURE,
MY STORE iS NOW FULL OP FIRST-CLASS FUUNITURE.ICONSISTINO
of bed roomlets, ctaairr, lounges, etc., whioh I'will aell at
BOTTOM
The Oregon
vVHn its homi. office St
sai ,-PTiwr. - - - ORll!C3-0 T
me Gray Block, corner Liberty anJ
MTA.KES a specialty of Sunnyside fruit tracts near SalemJ
UA- Will soli 5, 10 or 20 acre lots at $50 to $60 per
ere small cash payment lorp tim? on balance
or particulas.
ALBANY CIGAR FACTORY
JOSEPH,
ST
flir. I.KillDtU I'HOTOGK41PnKK.eKOn
A MDY'S TOJIET
Is not complete
without an ideal
POMPLEXlOg
3 POWDER. 1
POZZQNI'S
Combines every element ol
beauty and parity. It is beauti
fying, soothing, healing, health
ful, and harmless, and when
rightly used is invisible. A most
delicate and desirable protection
to the face in this climate.
Iciltt span hiving tht genuine.
IT IS FOR SALE EVERYWHERE.
I "Sor Sale or Trade, lions ml lot In
4 s-ood location In Aluanv Will aell
cheap for csb or wlil trade for land part
ly or wnoliy improved nos very isr irom
town, (.all or write io mis oince.
ANNUAL MEETING.
Notice It hereby ctven that the annual
meeting of the stockholders cf the Will-
rmette Land Companv will je held at the
office of Curranand Montefih, in Albany.
Oregon, on Saturday the 33th Jar of April
ivu, at 2 o clock r -M tor the election ot
director and such oiher buine a ma
come before said meeting. Dated March
A UACKtLMAN. UEO WRIGHT.
Pretidtnt. Sec.etarr.
IRVING
HEARSE OR SERVICE:,
TEMPLE, - - OKtuvi
BUSINESS.
a set; pla'es, 40 cents pei
PRICES.
TIios. Krink.
Land Co
State street, branch rffice In Portlano
i'roprictor,
Cabinet photos from $1.50 to $4.00
per dozen, bniaigfng pictures a
Rpecialty. 16x20 cravon framed
(or $10.00. Ve carry" a large stock
ol 5x3 and sterescoplc views of Or-
Dr II E Beers.
Ur O K Bee
Physicians ant? Surgecns
Special attention given tn diseases o
women, lloti's lo to 13 A M. 1 to 4 ad
7 to 8 1 M. Otlices and residence Blum-
bcrg Building, First Street, between Lyon
and Elswcrth.
M
r. Dr. lulleraon-ITallaro
Th Noted dairrnyaiit mrd Life Rnlr, It mm
heie, tnd can be fuuml at her residence, next dool
J B C'oULrill'H. bht Id In ulsout all Ruli.ectn, titui
prewnt mid future; love trouble, ahtent Wendi and
oaaineM. tou (manefv Irom tout dead tctaJa.
Street Railway Time Card
The car will leave corner ol First and
nasmngion streets as follows:
7:40 a m for Lebanon trsin.
o:l " Orphan'a Home.
11:50 " " N00.1 train going north.
12:15 p m for noon train tgolng south,
1 " " Lebanon train.
1 .30 " Orphans Home.
4 n it
o: " - Overland train iona south
For Orphan's Home on Sunday car will
leave at 1:30, 3 ito and 4.30 p m
The ear will also meet all Incoming
lr.1.. . 1. - n. Tl . - I 1 1 .
vi, ,tic vsnguii J-H1.1UC rstiroaa.
I. G Ht RKIIART
notice: of final SETTLEMENT
-V-OTICE IS nr.REBT fclVI.S TnAT THE rx.
M , , mamintatratrlx l
ll.ee1atl J,.hn Ori-tiam. dnwri, hu fli.,1
th. ofSte ct the clerk 4 the CnnntjCoart Ilnn
cmnttT. r.h Bnal acc.tint an. I that said court hu
pr-''t the loth iUjt of Varth, -m at th
hour nl lloVlock a tn ol (aid dar. u th. tint
i t mil 1 , 1 , w. miu nnai account,
and lor the Mttlenient ol aid e. at. '
Ifeted thi. th .l.v of I'.hr..... I.n.
It II Hewitt. Euza'bbt.i Oataniv. i
Altcmej ,,r Adm. Aiminiatratn
GREATLY
REDUCED
PRICES
MADE BY
SOUTHERN PACIFIC COMPANY.
FOR THE
CALIFORNIA
MIDWINTE R
FAIE
RODBD TRIP TICKETS
GOOD FOR 30 DAYS
Albany to fan Francisco
. AND BETUEN
$26.90
Including FIVE Gate Tickets To
THE FAIR
EXCUBSIOfl TEIPS.
From Ssn Francisco to other nolnts In
California will be allowed purchasers of
special Mldointer Fafr llckets at the fol
lowing round trip rates-
To stations under .50 miles from San
Francisco, one and one-third one wav
fare.
To atntions 1 co mfles or more from San
Francisco, one and oneflflh one way
rare.
For exact dates and full particulars. In
quire of C K Fronk, agent at Albany, '
or address the undei signed.
Ricii'd Gray, T HiGoodm
uen iramc Man. oen J'sse-
San Frarcisco, 1
E P Rogers Asat fiFAr '
land Or.
FOR SAM FRANCISCO.
The SteamsliiD HOMFT?.
will ply between San Fran
cisco and Willamette Valley
poinis via tne Uregon and
Sonthern Pacifc railroads,
sailing with freight and pas
sencer3 on or about ilm fnl-
lowing dates: From San Fran
cisco on Monday, March 2G,
at G p m. From Yaquina: on
Saturday March 31, at G a m.
Fare from Allmnv nr.ri
Corvallis to San Francisco:
Cabin. 12; Steerage,. $0.
Round trip tickets, includ
ing meals and berths,, good
tor c:aysf
OltAS 1 Hivi.ky, Sox ft Co. Acsots.
2 to 8 Market street, San Fruucitco
NOTICE TO CONTRACTORS.
No'.'ce ia herhv ct... !. . i i t 1 ,
w-ili be received by the undersigned for
the erection and completion of our eUiht
room two story school bulldine to be crec-
Ot t AlriAnu
. v.-.-Kun occoruint: " the
plant and (.ncrifi-jrtfin. i. t-. ,
hcliell .rchitect. Bids wl;l be recV.!vH
for he whole and for the several pnrt, of
said building up 10 the inlh day of April
1894 at noon. The rlBht 10 reject any
and all bids it reserved . flans 'and .pe--
lncstion. ran I. n. it .i- ,
- ---- mi tc cilice Ot If V
Schell architect, Albany Oregon. By
order of the board of directors.
Attest, E Allen, clerk.
A 7EN7S M AKE FIVE DOLLARS a
Z"lday selling the greatest kitchen utei
sU ever Invented. Retails for tlifrlv-flve
cents. Two to six can be iM in i
house. Millions sold in this countrv alone
. -'.k's.ito ui'puriumiy ever
known to make money, easllv and qulcklr.
SatT.Dle Befit. ni.tBirnrn.' r..- c. .
McUakin tc Co., Cincinnati, Ohio.
5 DOLLARS
PER DAY
20 Easily Made.
"',nt "". -"ra, u,. and s-lrl.t.
T""- Yo"
rnr.t.tlon. E-n.rl.n .-a .u..
"fawirr. Jf0 cap,,.! ru,. w. equip .0.
omen do M we tod rj
work "T: A"r "rwlsre. eu dc , rt-
01. hi..-,. w ,ouo,' "r puis and in-
i.i i ni. roe eex parnp::K'
2 V,' ,a" ,Ei"atlo. K hsrr.
1"I.. "-"" 4 With n
CEOCE STINSON&.CO
Box 488,
PORTLAND, MAIMS: