The Santiam news., November 29, 1907, Image 2

i
Politically Independent.
Fntrrrd al lb* poalotlitr al 'xrio, OregMi»
aulì mattar.
aro-md
l>olicie* in the prosecution* of trust*, railway re- GOLD STAMIAHI) HAS FAILLI)
liator*. lurid grabber*. irrigation project*, improve­ Tli* *i*v* "f tl.* *Jit->r III!« |>*|>*r
ment of rivers and hsrl»r*. etc. If he was pea- «il>r**— <l tiiUi«** <-<>lumii», in «upplr-
nutty in hi* politteal thought, he would be search­ nwuta •'>«! in pamphl*««, prilli*'! •<«!
ing out fault* in .Mr. Roo*evelt’s administration, , c-lrrulat*.! at III* own *lp*u«v in t*n* »I
rather than to commend and second hi* measure* Ili.Hi«*i«laa tur luor* than taruti »*■«•,
tliat III* «olii «txi'lar'! a.,ul-l li* a fall-
calculated for the general welfare of the people. ! tir*. ìim lw*n vvrifl*.! bv tu* pi***ut
The country ha* need of just such jieanut politi­ > in<><u*i fomiti'- al ■ tini* >( tb* <r*al««t
cian* a* Governor Chamberlain, President Roose­ . Ini*ii>*a* a d irvtu-tri«l pr<*p*rity that
velt. Senator laiFollette, Governor Folk and li** «i*r b**n «njoyeti in th* Cnil*«l
other* men who are enemies of evil-doer*. I Sta’*«. With •■!,** a* «taiviaril nviiM*«
> h > an *|'<al<l» villi <• ,|<l ■ Irt Vi l. «• t
bribers, grafter* and land grabbers, May their i ■■• tur tir*ri» a iwnlurv io ih* VnÌt*d
number* ever increase.
-tal** tip t > l*”3. alvi a* It ha-l AVer*
I
I
MEN’S AND BOYS’
OVERCOATS
In AU Styles and * Prices :
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I
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MEN’S
| «.'«! all t M*r th* w<»rld for tl»*»u»«t»»la > f
| «*ar*. liti* partir would i*o< bwv* je*
I rtirml. Gr*At !<»•••-• have barn hroutfbt
WHO IS
MASTER.'
Attd 4F*4t w*rry ■11*1
• •n ili»
l t mitili* hae t*r»*h »*ip twii<*l by fallito'
N 1896, WHEN MR. Mi KINLEY was the nom­ ' <-r« atei < Npltali>ta. tnanufa« tur** re ami
inee for president on the Republican ticket and lalai era, bv ibi* «Ivirta«* »( ■landard
....»I
On« v*ar in advanr*. ....
• iHuuh /« •<! !><*•
....
I
won out in the election, the country was prom- ! niun*y. ft harr »•
On* «r <r, at ami -I »ear
.... I o"
j in th* a>>H<| tu |«i ttvr
I
p**r r* I «•' ihr
Our «rar, al rial ul 2 y «ar«
• d ¡’I'■ | t ty <• >•* *."r<h/ih.iii
prom.*e<l a
o
One year at «ad vi 3 years
tiriti* « ih ! t>>t*ln*«« Ira «a**tl<ui«. 1 I»»-
I
7ft
full dinner |»ail. etc. Well, these promiws have | «talin<»n*'y * <■ r* I
f ix month* in advance
n -.I.Mlt
Ihr*. month* tn advance
been
made good. The country has never had a ‘ib* alF'liiiiif »«it • lv»*rt whicb w<* d MH'
Oh
binale < /py in wrapper ..
more prosp'rous decade than since the inaugura­ ' tu
thr Wk*»lih ‘»I th* • rapii« lt*t*
tion of Mr. McKinley. The Republican |strty in . • »• <»wi.e>i ti.» i i * <i • «« II* *b*
entitled to every at<>rn of credit for this unprece u ­ | Vntt» I Stai*-an<! ( th* w- »rid tiling«
Card <>( thank* .................... ... .........
itnir >»*r« ago. Paper, ur Ha< n oo*y. t»
S|«ci*l obiluarv notice*. per I in*
dented prosperity. It has had absolute contml of - : tiiiiy
noi*« m proiiii*«* t« pay iti r*al
I »tended weiMing comment«, |«-r line
every branch of the governmont and could intro­ : iivmey <•! intriMir «atti*, airi ailv*r Itati
!,.x-al advertiainw, i*r tin* per im > h *
liivplav adv, 2 change* per month, one column wide.
duce any sort of fiscal policy it saw proper, No iti* «ani* i trinaie vaiti* •• *-4<l »t ili*
1‘
per far h
. ..
u
one
will dispute thia fact. Nor that that party «•••<• b«»«J by la» u til thai i«« »•• r*-
|'rol**«i>>nai card*. IS inch**, irrnurfi'h ...
•
Loti* ihn* contract* lor a<iv«rti»iiM mail* on applicatimi.
is responsible for the financial system that ha*
«‘«I
li*>» «> mnti<.»r.i if
À
THE
I
OVER
COATS !
Il
■< <
♦
$4.50 to $18.00
*,« .
i :
i
made the present Wall street i»a"ic possible.
, r ” *' ’ *....... a!!’i’
When Wall street invaded the Federal congress
<or
PEANUT POLITICS
during the civil war days and dictated the terms *a<i mi* *•«■»*• m* i»«»«y pauic •<*!
in which greenbacks should be issued, Wall nfreet
tiolMaj*. »i.uh wuuld i.-.i ha«*.*
r<trr*>!
aith Miter a* Ivtf.l lemi*r.—Ei-
overnor chamberlain is being critw- then became'she masterof tl • at m. it haseon-
tinued to wield that mastery down to the present
*“7 K,,,”d ‘h’
<un Slat* Journal.
zwd somewhat for his endeavors to protect
tiie school fund, which State Treasurei time. When Grover Cleveland wa* elected preai­
dent the second time. Wall street demanded an-, It I* thought th* Merchant*' Nation*
Steel lias, apparently illegally, de|M»ited in the
other issue of government bond* and proceeded to i«mk.«g Portiaw.i, th* affair« <>l whn i
now defunct Title Guarantee & Trust bank. They
r..it.-, : .<■ t
fi..- i.. .¡ids w<r< •Fr King Io -bed I« to bv Htuk !■»• •» cl «r
hois itiilea voring to play "p.;r. .! politics.’
Claud« (fairh, will I«* rvp»rl<d avivent
in lb* baukiog
because of his efforts in this direction. Governor issued as |>er onler. One Wall siretM financial and alluwt*! tu evali
(’humberlain savs: "If it be peanut politics to try house is said to have cleaned up $11,000.000 in buaio*»*.
to protect the financial interest* of the state, thei handling the bonda. There may have not been a
I am guilty of the charge.
Pressurcr .'•■tec! s on vcheme worked out by •< Wall street brain to bring The cundlliim ol ih* niipr» ,v t.iml la.
this result alxiut. but the consensus of opinion bornia n>*n aho de penda tipi» ih* armi-
ly excuse for placing nearly $|00,<HM) of the state r
|ait.|l* «ork* (or * llvmg, 1«, lo mi thè
say*
dilTerent
money in this wildcat concern is. that he was only
ird.l, noi Ih* I h '. c in l< e «orbi. Witii
The
present
financial
iwinic
brought
alxiut
almost
Coats and Waterproof Clothing. We carry
billowing the pH....dent e-tablished bv his predr
ih* prie* ol !<»•! pr «iu.ta «t thè high
entirely by Wall street gamblers, has created a ne­ «■ter tuark and Work » arce a <1 «1 »
ceisors. That is to say, he was depositing tin
cessity. fancied or real, for another issue of bonds ' reduce»! »««>•, he .« feeling lite «piglilo!
atate'a idle money where it would earn him I pet
cent, interest which, in this case, amounted to ov At ull events the government, obedient to the Wall ihr baiikeia* janir iintiuiy eeiera.
street demand, ha* issued the bonds, or certificates I
er $121)0 for each month.
S*vr*larv ..( the Treasury Corlrlyeu
When the flat salary law was enacted, the treas if intiebfedne s, anti at a time, too, when the Fed- ; b»rruw*
money, which Ihr goverutiHrtit
entl
treasury
is
plethoric
with
gold
and
cash
of*
urer's salary was fixed at $1000 ner year. Prior t<
d<«-« not uer.1, and p«y» lut*r*«l tlier*.
.Mr. Steel's election, the constitutional salary had •very description. Wall street has the power to | on. tiieu turns the uiunet over to th* •*
been hut JHOO per year and the treasurer, by cus force the government to Ixirrow money at 3 per h»nk- without any Inter mi charge ♦
torn, was in the habit of converting interest on th« cent interest and turn it over to the Wall street W ul'l any eaua buaiti*«« man «ci n>
■‘tate.s idle money to his own use. The pur|s>*e of and other liank* in the way of a deposit, without (oullildyT A tiiiancial «v-t.-iu < >n.iiit led * Dealers in Ladies' and Gents’ Furnishings
upon thia baaia can lead to but one r.-
the flat salary law was to put an end to this habit interest. In other words, the government, which • ill—ruin.
*
... . . ............ —
..... . ................. •«<•>»..•
| is the p->pie, must borrow money for the Wall
.Mr. Steel, evidently, seeing the opportunity to in
street
gamblers
to
continue
the
very
same
opera
­
crease his salary to even more than the old time
Prwaident K.xaiev It can liardly refue-
Z‘
to accept a rvnuininalloi. a hen he know •
desirable figure and perquisites, could not resist tions that have caused the present panic.
I
s
it
not
about
time
thut
divorce
proceedings
Inal the gi.-al ma*« 1 th* r ■ 11111 ni
-
the temptation to loan the state’s idle money. Un­
should
I»-
instituted
between
the
Federal
treasury
j pie demand* hi* «erwplanc*. So much
fortunately, he I >aned to an institution which dealt
ol th« work he ha«
<11 «t,l| * int-<>tn-
ii extremely hazzardou* speculations. When toe and Wall street? h it not alxiut time that a change I |dete, and which 110 other pndaibl* ran-
pinch cam*, tha bank waa unable to realise on t in a financial system which permits a panic in the 1 did I* ol hi* paily can carry forward *••
securities and Mr. Steel noun found that he was. midst of the most prosperous period the nation has well a* lie, that duly to hi« party and
the American | eopi* wilt force him to
figuratively, in the soup. He has converted a large ever known, shall be changed?
accept the iiomtna'ion.
I'ntil
Wall
street
financiers
shall
cease
dictating
sum of the state’s money to hi* own use and is
now unable to replace it. In ordinary private bus the financial policies of the nation, these panics
T« • Portland men « mc I i powaaed |&O.
inesa this would lie named "stealing or Steeling. may lie expected to recur frequently. The "panic"
On. of them depoatled Ilia *«i in lb*
is
a
part
of
the
’
vstem
of
these
money
sharks..
No matter if his bond* can I mj recovered u|*>n in
fill* Guarantee A Trust bank
1 li<
one. two or three years, the crime <*xist*. the same Evert panic drops more dollars into the vault* of other kept the money in Ina pocket un
Tiie states money constitute* a trust fund, to be these pirate* and fastens more securely their hold Ui hr »« forced to give It up to a l.a.i-
expemlisi only as the law ilirect*. Mr. Steel has upon the country. An even and stable financial pad. Noth were deapoila.! ol their
violated his trust knowingly and should be made to condition is not relished by Wall street Oh, no! money. WInch of ll.r r<>bt*ra 1» th*
Indianapolis, Indiana
The panic is simply a collosal plan by which it gr*ate«t enemy of eoetetyf In t ie tir«t
|>ay the penalty.
inatalK* th* liiotiev and conttdriw* 1
Assuming that Mr Steel is actuated by honest fleeces the unwary.
The Leading Agricultural Journal of
1 th* stability of hank« w r I —1
th*
A* iniquitTu* as the system is. the Republican latter, th* m-».ay only «■■ loal. In th*
motives and desires to rectify the wrong which he
the Nation, Edited by an Able Corp
ha* done to assist in recovering the state’s mon­ party must stand sjamsor for it It has allowed Till* Ouarante* A Troat tmnk i« a >w >11
of Writers
ey, he should, do with alacrity, what the governor stock watering and high financering unlimited lati­ th* band« of a ie< eiver, and III ro-.l«
tianker I* not ltk-ly to be puniabwii ai
requires. He should, at once, place the money in tude, and the people «re now reaping the legiti­ all.
Th* looti-a.’, if ra *l.t, will lw g n-i.
mate
harvest
thereof.
Our
country
ha*
prospered
the state’s vaults or. failing to do this, he should
a bme term m the penileutlary. Il- a
resign so tha» the state could recover on hi* bonds as never before. Yet this prosperity is not attrib­ a peculiar kind 01 ju-tiew w have, au>-1
An honest man would do so;but Mr. Steel refuse* utable to our fiscal policy. Far from it To our way.
to resign and he cannot replace the money. We seemingly boundless resources, of food products,
are forced to conclude that lie is rightly named, of the mines and of the forests is due our great Ol rour** tlia ptlitn-al i>>•<•*«, nmijt <>f
vini» ar« la»y*r«, arv < pi*«««! t<i Ih*
if the third letter of hi* name be changed to "a ” prosperity and. too, in spite of a financial system Initiativ« «in! K*t*r*iitluiii and llirrvt
that
even
the
Oregonian
says
is
bad.
However,
it
Governor Chamberlain insist* that the money or
i'riinary la*. Tltmr la»« piar* tli*
resignation sail la* forthcoming at once. His duty is easy to rail out upon a matter when it brings us po»«r In ili* liaiMÌ«t»l ili*|t*<tpl* Power
ns governor compel* him to make this demand. to grief. Any of us can see the faults and weak lo annui objerlmi.abl* iawaj power to'
For thus doing his duty he is pronounced a "pea­ place* of our present fiscal system. But who i* initial* and «iiact lava, and power .<j
EVERY ISSUE OONTAINS AN ORIGINAL POEM BY SOLON S. GOODE
iititiiinat» vandtoatM (or orti**, deetr -jr«
nut politician. ” Suppose Treasurer Steel had been wise enough to devise a plan that will eliminate all th* ttkl liui* preattg* -I tli* politicai
alike "peanut jxilitician." Had such been the the faults and weak part* and. at the same time, bo-a. Bui, gritllrnien ih*-* lta«|t«i*
case, not a dollar of the state’s money would have retain its valuable features?
miti* lo «lai . The» ar* alile tu with-
WE MIKE THE EICEPTIONML OFFER OF TWO FOR THE PRICE OF ONE;
It is safe to say, that if a few such millionaires ■tanti Um a-aaull« >4 diagruutied latto.*-
lasm <le|M>*ited in the wildcat Title Guarantee &
Trust bank. By all means, let us have more "pea­ n* Senators Aldrich, l’ratt, Elkins and se’-eral a ,d tal-'in'ifiiitf tat-p t «'in i-. Yea, III*
are gradvally frtfaining tln
nut politic».” Ix?t us select only jwanut politician, others of like ilk, c luld lie eliminated from the (tropi,
power wi*-t*.i irtnn tii.-m •»- tb* |«.,i .
United
States
senate,
a
financial
system
might
be
in the future for our state, county and city officer*.
----------------- ANO —--- ------------
it a 1 lat.« an»! tal-d<ai|{i a corpora'Ione.
We might, also, do well to elect |>eanut politicians originated and adopted that would be a vast im­ Tli* pnwwe tv -lo» , to la- aure H t in
as congressmen, as U. S. senators and a* presi­ provement over the present. But so long a* a liody tli* vini, III* |H<tpl* »ili «in olii.
of men have control of the national legislation who
dents.
The idea is advanced that the Governor desires can only see their own interest* in a proposed lit.« *> ul.i a laa tio|«ting all ba k* <>f
to displace Treasurer Steel, in order that he may measure, there is but little hope for a financial a «late r**p<iii«iM« for th* <l*p m<i a||
replace him with a Democrat. Now, such ideas *>»trill that wdl afford a lusting and stable con­ ■tat* banka dot Som* plan muat bed*-
vised by which lb»
will |**| an*<*.
This unparalleled offer is made to all new
can originate only in the gray matter of the genu­ dition.
Iut*ly •* itr* wh«n they plac* money it
•ulMcribers,
anil all old ones who pay all ar­
inely peanut politician. Governor Chamberlain, in
a liank (or aale keeping, if lit* privat,-
rears
and
renew
within thirty «lays. Sample
The
panic
of
1X93
found
most
of
our
farmers
in
the jiast. has proven himself to lie broad-minded
hoarding of money I* to iw> «i<>p|>ni. If
deh»
and
they
were
forced
to
make
great
sacrifice*
w*
ran
mak*
our
bank*
■■
«af*
against
copies free
anil liberal. He has. when he thought by so do­
wild«at
«peculation«
aa
they
ar*
agatnal
in
tinier
to
meet
their
obligation*.
The
panic
of
ing he would best conserve the public, appointed
’***
Republicans to office. He migh*. replace Treasurer 1907 find* most farmers out of debt and with,‘htrr**
k Tb'‘\^7br
Steel with a Republican. Who. but himself, money in their pockets. They can just sit down
knows? But. it may he relied upon, his appointee and wait for the financial world to revain it* nor- th* mhh*r M ik* th* j .ni.lm .m
would be an honest man and one who would be ma I co*'',’tion. The farmers seem to have a good quick anti ****** for bauk i<«»in« md
share of the money and the food product* that ■’i*ppn»prt«Uon m tm«t money, n I ■
willing to serve for the legal salary.
"*rp
Governor Chamberlain, of all men. cannot l»e ac­ the world must have. The dependent farmer *er*
*’
Th* ""r
cused of dealing in peanut politics. He is known of 1S93 is th- independent farmer of 1907. Farm M*‘ r""7
tldcnci ia the bank«.
to be a warm supporter of President Roosevelt's lite IS undoubtedly beginning to look up.
BOY’S
OVERCOATS
G
v'-'X
I
Wesely & Cain
A BIG OFFER
To All Our Subscribers
The Great
American
Farmer
The Santiam News
The American Farmer
BOTH ONE YEAR FOR $1.50
Subscriptions Rsoeived al Santiam News Oilice
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