Wednesday, December p, 190$
THE SUMPTER MINER
HARD TIMES YARN
TRICK OF TRADE.
The Wall stroet correspondent of
tlie Spokesman-Review, who baa fre
quently furnished that paper with
important iusldo uows that the Asso
elated press failed to secure, under
recent date gives the following inter
esting statement of the present fluau
cial situatien:
Until within a few days manipula
tion of the money market by the big
banks, lu order to keep up iutcrost
rates, has beou very apparout.
Their aim in keeping the quotations
for call money as high as possible
was to enable them to put out time
loans threo to six mouths at attractive
figures. All signs point to easlei
monetary conditions early in Janu
ary and the banks may have dlfll
culty lu maklug time loans at llvo
per cent. Some aro predicting 4 la
and evou four per cout mouoy for
three to bIx months periods, because
of the expected plethora of funds at
this conter. Thoy reason that idle
balances will ptlo up at many inter
ior cities aud rather thau lot them
remain unemployed they will be
sent to Now York. This is presumiug
on quiet business conditous.
Tho maintonanco of an artificial
lovel of iuterest rates alfeoted any
whore from 8150,000,000 to 8200,
000,000 in loans aud tho manipula
tion of rates moant a gain of maybe
91, 500,000 to 82,000,000 in tho
profits of the banks over what thoy
would bavo beou If freo competition
provallod'and each institution aotod
independently. This' Is assuming
that the banks received, only 1 per
cent more for their money. It was
asked bow it was posslblo for tho
banks to reach auyuuderstanding'on
such a matter as this. In reply,, it
nay be said that tbo'Ruckefeller aud
Morgan interests control tho largest
institutions and ninny others aro
willing to follow tboir lead, par
ticularly when their common advant
age points the samo way.
Tho suggestion in ado abovo that
no one can claim that the end justi
fied the means, all thoughtful meu
know that no real good would bavo
been accomplished had the bill be
come a law.
Tho deslro to gamble is an almost
universal human attributo, universal
as to recorded time, as well as to
I geograpuicai ana uhiiuiihi scope.
The lowest savago to tho most cul
tured race in all ages bavo indulged
in the amusement in Its limitless
phases. As no ono can deuy tho ac
curacy of this statement, it does
seem o bo an unwise policy to legis
late presumably good citizens into
criminals.
So well established is the fact that
mou will gamble, that the older na
tions of earth, taught by experience
of the ages, mako no effort to pro
hlbit tho vice, if such it can bo
called. Only crack-brained reform
ers who think there is somo magio
power lb the words "be It enacted;'
that a legislative onactmeut is n
pauacca for all moral ills, all human
weakuessos, bollove that any good re
sults from this class of laws. Pro
found statesmen hold tho opinion
that legislation can only restrict aud
rcgulato the ovll; placo tho profes
sional crooks lu tho business under
police surveillance.
That injuries havo resulted from
gambling, to individuals, families
and, in somo instauces, to commu
nities, no ono will deny, lint tho
same can bo said of drinking, eating,
tho lore of mouoy aud women aud
most other things which meu think
desirable. It all d upends on tho
individual, aud tho state can render
littlo or po aid.
Viowod purely from an ethical
standpoint, it is Impossible to draw
tho dividing lino between what ia
generally considered legitimate spec
ulation, or even trade, aud what is
usually accepted as Illegitimate
gambling, Horbort Spencer urged
tho moral objeotioon to tho practlco
that it is a violation of the Golden
Rulo, "tho obtalument of pleasure at
tbo cost of another'! pain;" in other
words, that it Is a pleasure to win
aud pain to loso. Hut all losers aro
uot "sore losors. " Ilowovor, this Ih
not a dofenso of gambling, merely
that
tho expression of an opinion
eorao persons aro expecting a plethora UW8 aimed at its total suppression
of unemployed money becauso of allro useless, unwise. Hosldes, tho
partial lull lu business, is somewhat. areut philosopher himself never ad-
contradictory of tho facts. Thoro
has been a material re-awakoniug lu
many leading industries, which car
ries tbo couviotion that tbo leading
financial interests expect iucreased
activity lu Iron, steel, coal and var
Ions manufacturing lines, and which
accordingly will ca!! for the use of
more mouey than at present. Rut
it is pointed nut that the enormous
profits from the season's crops will
furuish vastly more thau tbeso in
dustries will require aud the owners
of this added wealth will havo it on i
their bands for Investment. So we'
may got a plethora of money after all.
If we do, it Is asserted it will
merely be proof of the rapid growth
of this countryln wealth and tbo
availability of abundant money at
all times for prime investments.
The question of investments ia now
uppermost in the minds of peolpe,
in view of the heavy dividend and
interest payments which will be made
on January 1. Those to be made at
New York are estimated at fully
10,000,000 more than a year ago.
vocated the eiifurccmont of thoUoldeu
Rulo by tho power of tbo state.
There Is scarcely a doubt but what
the anti-gambling bill, which passed
the house at the recent special ses
sion of the legislature in this state,
failed to reach the senate through
someciooked work. And yet, while
OFFICIAL RECORDS.
Tho following instruments were filed
at the Ilakur county court bouse during
the week ending Dec. 22, UK)'.'.
REAL ESTATE TRANSFERS,
oigna.
Dec. 28 Clarence Richardson, to
Tbos. Whitod, one half interest In
lots 6, 7, 8, and 0 block 43, Pacific
ado to Raker City; 9250.
Jan. 27, '00 U. S. A. to Chaa.
A. Tibbs, pateut to S. W. Sec.
35 Tp. 9 R. 37 E.
Nor. 2 Chas. A. Tibbs to A. J.
Denney, same as last. ; 8228.
Dee. 22 Ada Vandecar to Lintiol
J. Chute, 100 acres in Sees. 20 and
26 T. 0 S. R. 30 E. ; 1800.
Dec. 23 John Rouse ot al to L.
J. Chute, lots 7 to 10 U. 1, 0 to
12, B. 2, Pacific adn; 8000.
Jan. 24 Receiver to Harry A.
Thatcher, receipt in full for 100
acres in Seo. 22 T. 7 S. R. 43 E. ;
8400.
July 27 D. Nault et al to Brid
get Urenier, their interest in NW M
of Seo. 12 T. 10 R. 40 E. ; 81.
April 20 Win. Raker audjwlfe to
W. R. Hawley, 100 acres lu Sec. 11
Tp. 10 R. 3 E.; 82,000.
Dec. 22 Amanda lludsou aud
husband to J. A. Johnson, lot 5,
U 0., South Sumpter; 9200.
Feb. 5 W. S. Daughorty and wlfo
to J. S. Culbortsou, lots 11 aud
12, II. E Haines; 9800. .
Oct. 311). C. Perkins ct al to
Flavins Perkins, Interest in N. E.
Kj of S. W. L4 Sec. 25 T. 8 R.
30 E.; 81.
MINING MATTERS.
DKKDS.
Dec. 7 Anthony Mnhr to Rultalo
G. M. Co., tho "Reward No. 2"
quartz claim; 81.
Dec. 12 J. W. Kocbensparger
aud wife to ,1. J. Joseph et al, 1-5
iuterest iu Rig Fivo (Wolf) quartz
claim; 91.
Sept. 10 U. S. A. to Arthur Hill,
patent to "Ibex Con. quartz claim,"
lot 421, 0 claims; payment.
Dee. 4 Roud for deed: W. D.
Woodford ot ux to J. W. Koont7. to
1-3 interest iu Vault, Secret, .one
and Rubberneck quartz claims ono
year; 8700.
July ! Win. Raker-ot al, to W.
R. Hawley and A. II. Weaver, Do
vore aud 2 other placer claims;
92,750.
Dec. 140. C. Stern to M. Hoff,
H intercut iu Golden Chest quartz
claim; 900.
A DIRECT LINE
To Chicago and all points east;
Loulsvlllo, Momphls, Now Orleans,
and all point? couth.
See that your tlckot reads via the
Illinois Central R. R. Thoroughly
modem traiua connect with all
transcontinental Hues at St. Paul and
Omaha. '
If your friends are coming west let
us know and no will quote thorn
direct the specially low rates now iu
elfcot from all eastern points.
Any Information as to rates, routes,
etc., cheerfully given on application.
R. II. TRUMRULL, Commetcial
Agent, 142 Third street, Portland,
Ore.
J. C. L1NDSEY, T. F. and P. A.,
142 Third street, Portland, Ore.,
P. II. THOMPSON, F. aud P. A.,
Room 1, Coleman Rldg., Seattle Wash.
Timber and Homestead Fillngi.
Timber and homestead tilings, as well
as final proofs, i-an lie made lieforo
Charles II. Chance, United Status Com
missioner, oflU-e in First National Han
of Sumpter building, Sumpter, thus sav
ing applicants expense of a trip to a
Grande.
FOR SALE.
I' Ono M nudity 12x10 hoist engine
with Link motion, horizontal boiler,
good condition. Engine has two
drums. Cheap. Write or telegraph
A. J. McCabe, Tacoma. Wash.
FOR RENT New four room oil
Itnlshcd house. Enquire of C. II.
McCollocli.
How to Get Interest
If you wish to deposit money for a specified
time ami get iuterest, bring it to tins bank
mi take one of our Time Certificates
BANK OF SUMPTER
SUMPTER, OREGON
A. I'. (iOSS. I'rulJtnt an4 Ovhlrr SU'NHY S. I'OsitK. Aitl. Chler-
His First
Complaint
"The writer regrets the necessity of lodging
complaint concerniug vom usual excellent
service, but in a friendly spirit begs to submit
the follewing: Yesterday you sold me lower
nine, car three, on The Pioneer Limited.
But you neglected to advise me that it would
be necessary to have the porter waken me in
the morning, and as there was so little motiou
to the car, I overslept. I have covered a large
area on some of the famous trains of the
United States and this is the first complaint of
this character I have made. I trust you will see
to it in the future that passengers are advised."
The Pioneer Limited runs daily from St.
Paul to Chicago via the
Chicago, Milwaukee 8c St.
Paul Railway
2;s.r?,At I34ThirdSt., Portland, Ore.