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atetl. But if a candidate for nomination is not de-
airable or in incompetent, or dishonest. the place
to defeat him in at the primary election.
I
a » era«* wildcat N'inp t*ak, auch a.
the Or*gon Saving«, and ihe^Titia Guar*
antae and Truat bank, of Portland, to ' i
form iabll* of thrift and acuMMay. Ill
CLOSINC
OUT
SALE
I
Î
he haa, iinlortnnalrh, entrusted ti»
*avi<ig. to the car« o¡ auch in.titutioi » ->
ami lo»t, he ia aid to grow Iniprovldei f •»
— - - ■ 11» ——
/
tn th. fu'urw. He I* apt to ei ) »v lu. -
HEN THE the financial clouds that have -noory when earned a. b-at anita him, Ì
o’erspread our financial skies have passed in t» e futura, ratli-r than r|ak placing I» ••
Kn<«rr»l at U>* (■«(■ 4h< r al
Or.-g.-n, *•
•aiJ-i !a»a
away, will our country, as a whole, heed in lb •*« Ing« b ull. Where*«, if the at
■ priwr. tfi.e afforded him a meana for ■!>•
mail matter.
the lesson the panic has taught and. if possible,
;
»Jute ..la kerpt. g of hi* v*rnir.g. an»1,
prevent a recurn nee of liks panics in the future. to», at a<e»i a .mall interest *■ well,
»'HlliAY BY
Experience is said to Is? a dear teacher, and the in- |iayai.le at aotue .pacific t me tn the f» • :
i » r<i <; i. it.
¡(gynveniencea and financial losses, from which we tore to h*. oriler, the habit of thrift ■ nd
IlirroM ANO I'NOI'MIK t>'N.
seem now al»out to emerge, will be entire loss u-*- I economy will *»e euo»irag»«l
:
Another feature ■ < the toatal *a*in •
'less
we
gather
such
profit
from
the
experience
as
:
Ht’IHi Kll'lK »N »IA I M;
h.ak i.: It would be lull a few vr.ra
will enable us to safeguard ourselves fr»m a like until the government'* >utrrv»t-*w»r > y :■
(hie vrar In a*h nn< ■■
.. li
trouble in the future.
debt «nuil b< Hi th“ hand« of the pe
. I
Our year, at eml <4 rear
Our nation may be said to be a great patriarchal pi* It w< uld alao be Iron that <" e fea
One year, at riel •■( rear.
....I
fill family, of which the President and Congress is ture uf o .r national banking act w u <t ••
< hie yrar, at en«l of 3 year.
7A
Hta month, tn advance ..
All members of this great fam have loir rhange-l and the nati' ti.l
Ik the official head.
Ufi ily are not nor cannot be equally capable of caring bank pole replaied with governmert 5
» i
* o J. V II; « ra¡ ,•• r
i i-urrrucy. The pample would not be apt
for themselves. Nature has not given all equal I to refuac to accept th* currency on I hat a
capability of acquiring wealth; nor ar«* the envir account
Card of tbanli.
..
............................. ..
...... 6' onments of all equally favorable to accomplish that
It i* m»w c. nrrd«M that our prevent
H|a«'i*1 obituary <i«>tir*a, |<er line
. , ................
.
financial
.».t*m la unequal to a hat 1«
It would wem, then, that a wise official
Etteinied weddingI'ommeiita, i« r line
............................... 0? r suit.
I rw.uire.1 <4 ii, and that it favor* th«- fra
w
1 •«al advertlaing, |>*r line |»*r iyatie
head of this great family, so far as ftossible, would j at the ei|e> *r of tbr many It will
Ili«|>lav ad., 2 changwa |*r month, one column wide.
The have to b ame-eled to meet Ihrtr c* t
I<rr in.'h
.................................. 10 ;equalize, by law, these unequal conditions.
I'rofeaaiona) carda. 1 *v inchea, i»er nmnih ...
1 o ! President anti Congress should, also, encourage in
- ditvoti*. If It '« amende.! *• that cla--
lx>ng time contract, for advertiaiu/ made on apnbration.
everyway pos.-ible, hab’ts of industry nnd thrift !a«..ei»i»m Í. r|!m'nat«<d. and a nv*»«
by the people, hi d should so safeguard their efforts «t«blr antl-p<t fc-|«wta'vavinge A a ci-
117/ Y CHANCE THEM?
so protect the weak from the s rong- that a ! «»airm vulwtitut d therefor, the l**»'
panic will -e legar tel Ilia greatct •
happy and stable condition, so far as possible, shall MHhiatr* a »si A < whir It aM grill 1« •i
EHN A public official rstabltNheA the fact be guaranteed to all.
• lia klul
AETER THE CLOUDS, WHAT?
Politically Independent.
W
s
♦
♦
:
:
:
We u ill close out our entire stock of I.adir»’
«ini Misses’
COATS
nt '<•»» than E’nctorv Prices
Every Coat in
th»- »tore will I»» »«»Id at a big sacrifice, in
:
♦
:
I
;
;
A
m
$10.50
:
1•
:
:
$8.90
♦
W
that he is honcHt, that he ix cat»at»l<« and
The financial storm t at now is passing away,
efficient, it would be foolish to replace him has demonatratc*d that our financial st stem is A erm ly »». H») *-fltc*r ah - l;aa .’fir
dark Oxford araj rainproof worsted
with a aucceKMor whom we do ot know to fault
be sc , and that our great financial institutions the the iwopir »rt>< irriti» ani arvvptabiy
well fitted for a particular office. After an official banks are far from b 'ing the safe d»*|»osit for the i. worth« ot re élection, ami generali»
('OATS, that retail at
for Ladies' and
l as scrve<l one or two terms, aunpoaing him to pos- p «»[tie’s e-rnings which »hey ought la be, and get. :l II he devlh a >1.
$1 50 l»»r Misset»', the sal«* price is
?
lU'iot fitness for the place, the experience and which the rules of the state and nation should be
knowledge gained makes him a more valuable pub in duty bound, through regulations and inac If thrrr I» • man in th» Forila <»f <1 •• • -
lic servant. But if he shall prove inefficient or dis tions, to make them as nearly absolutely a safe de inliAH) who «Irairw to become a <Mhd>*
date tor other IwtofW Ihr |»r<*p»r nrit
honest, or extravagant in the public service, then, posit as [Mtssible.
yrar. he haa not jrt mai.iiv»ttxj th*
indeed, the sooner a change is mad»1 the better for
If our Itanks and banking institutions were fact.
t ■ ■■ pubiic. In private I h . mii »'-- f th»'hir-d man known »<• !»<• aheolutely saf«? de|xeiits for the peo
possi sfu-s the ability required, length of service it ple's money, a financial panic, such as the present
II.«* preaxlenr* n»»a**it«*.
ii
an as-»et that adds to his v»lue yearly.
one, would be impossible. With absolute confi full ri«*» h. rv. «»»«*»•» • í »« m »I <l*»l"t
The s»M)ner that w«, the |M»uple, conclude that dence in the stability of our banks, there would be gri'U»*<i a»»■! r*c»ton>*' <1* <«•>»»•* f.-*»ur»-»
the conduct ot government, cither national, state no drawing out of funds for fancieil greater safety t<> eon*r«*** tl.at will »■•» I** ,-•»>»•»•
eiKlorwol Ity ili* j«"*|>l*. hut upuu th-
county or city, is a business proposition, and not i, under persona] control, and the entire stock of «bol* th* |«l**t i*»nv»jr* *»i »,t«-«a of
rfT'if ton tieed a CO AT, cotue at once. We have
matter of charily to be i>a»sed around, the better money would be available in the channels of busi-l aru*«tii*M» atui d*«ir«- tu ih> for th*
all
kinds, styles and sizes.
for the public service. N<» matter what office may ness.
i»it*r*«ta »4 th* |“-ti‘l* that whii h I-
be in question, the public is entitled to the very
our [»resent panic has demonstrated that, as a l* «I. Tl * , r. *Ment La« th* fat uity <•!
SME COMMENCES SATURDAY, DEC 7, AND CLOSES TUESDAY, DEC. 24, 1907
best service it can get. Nor should the political rule, our so-called "Savings t»anks” ar«* the least .*•!■» *•< «' litui««l( u.i |<*p*r, t.. ci'.l) • '
1 and plainly.
sentiments of the individual consideml in the can secure of all our moneyed institutions. As the
s
didacy for a [»articular office ha e very great influ urincipal patronage of the savings bank ia found
I.VS ASSOCIA
ence in the selection. A Democrat who is earnest, i.i the ranktof the work pt"ple those who may OREOOS OAIRV
nos.
careful in the execution of his duties, economical, be denominated the weak in the acquirement of
a
etc., is a better man for a particular office than a wealth and who are the least able to withstand The «iilrent li aouu.d nienti ng of t hr ♦ Dealers in Ladies' and Gents' Furnishings
dishonest, careless, extravagant Republican, and t ic loss of their savings it follows that if thes»' Oregon bairymrn'. A«*c athm will be a
• • •• «■•«•.•. *•• a •»•*•>•<•.**«•»•< eM*»^ ■•«• k
vice versa.
unsafe moneyed institutions wore replac»*»! w ith held under the aU.pHWHi of the Portland
(’<■111 »lerciaI club, at Portland, Orvg n,
In some offices » xiterience, ability to execute, saving« banks which are absolutely a safe deposit,
■ ■u licrmb r K' ami 13. It».»*.
ii'iiimmy in expending public funds, etc., is o’ a very long step towards the abolishment of money
rao..*» a
greater moment than is the case with others, panics in the future would I m * taken
ib r«da*. i*r*' 12 <0 ''a
though in all caws experience is an asset. For in
If the Federal government should establish a
Add» •• 4 Wee m.
I m H ti.o
stance, an assessor who is faithful and energetic system of savings banks, absolute safety would at
I t ■ muierv . . . I b
V . nu.l tildre > Pi.
in the execution of his official duties, who has had once be supplied the work [»eople for their savings.
•»rtv't
one or two terms of experience, is worth many Such savings banks need not conduct a banking
M ikol.
times, to the people, he who has had no ex|>erience business as exists with ordinary banks, auch ns
w l.ati'MT. Ihs knowledge of the 1 <af oirof prop discounting bibs, holding dcpisits sulqect to check,
erty. his ability to offset the artifices of the tax etc. This is not what the work people want. An
»lodger, makes him worth thousands of dollars to absolutely safe time deposit, that would ir. a
the people when he who is inex|»erienced would Iw small rate of interest mon the d» |s»sit, is w. al is
' i be K nation toe !»• ly
an actual loss, supposing the two to I m * equal in wanted and needed by the work |>»*ople. T >e I «-ar.
lo ilo C uim. rv<ai It-» >!♦
i io na o<i, l'or I
other re'pects. Nor does it make any great differ whole matter could l»e arranged by the general l „ »nlry.” I H. loans
olCrw in for Shi|>il>eiil.
ence what his political sentiments may be, nor to government through l .e medium of the |»ost offne, r. ■'Car*
T. Judd, Salem
which church he may belong, nor the color of his without any great additional expense. Even at III•» <! «mu lineen mi utea,
“Hunnleul fe.nl for Winter."
his hair, nor height, nor weight, Tnese are all the present time it is not unusual for the thrifty 'diulmeru
k, liolala.ro.
side issues to the main question. Is he honest? Is working man or woman to buy a postal money or lh-t'Uaaio|i fiit«o>n mitiu’ea
" ». liking liv Ma. In- e,"
he ca|>able? Will he do his duty imoartially and der, [tayable to themselv»*s. as a safe deposit. Y< dill tn, Ma rail fl' Id
thoroughly? These qui'stions, alone, should be Now, as the government seems to be w illing to •' the Ib.iry C • at Home
Aino «I,” Joe • pb h
considered by the voter when he goes into the vot sell short-time treasury certificates bearing 3 per b irg.
ing booth.
cent, interest for the benefit of the Liankers those Kriday. Daa 13. I
If President Roosevelt can complete the reform who are by nature wed al- e o take care of them
' A dva <■• d
he has so auspiciously begun b«'tter and more thor selves in a financial way it ought to be willing to
oughly than any other man, what difference do»*- extend a like favor to t • work people by ¡*laci g
it make to th»* individual citizen wnether he has 3 |>er cent, treasury certificates in denominations
served one. two or three terms? If he can com which tin- work ¡Mtiple can reaca throug the me Valli.
plete the work if makinu the railroads subservnmt dium of the [»ostmaster, at their option. Certifi "kl
to the law; if he can break down and punish th** cates by the government thus placed, would supply goll.”
M I :
great law-violating trusts; if he can protect our the the people with an absolutely safe deposit for Fr da
Ihr
public lands from being grabbed by great land-1 their savings; would encourage thrift and habits ot
hr|. ri» i I < kit . • |0
holding syndicates, it surely can make no differ economy among the people, and at once remove KL < ii< n o| Orti.. >a.
^■idr. a», » W
H il.-y,
ence to th<> average citizen whether the president i the source of the greatest danger to our financial .ml F «I I omm «al iw’». I or'la d
><|.Irr.., H. !• Whil.
hai y |>|
is labeled "Republican” or "Democrat.” It is re system.
l* H Ib-pari men o! l.rh'iilture
sults we want
It is generally admitted that the present finan Anima ivim ni ni l'rvmium »ararti«
Political prejudice and partisanism is to blame cial flurry is attributable to over-capitalization of AH rei nada ei.ieilhg Portland vaili
•ell round T p ticket. I r ihl. inerti, g,
for nine-tenths of the political ills from which our industrial stocks and th»* s|»eculation therein by oli
t be ertiti, a'e pi*'-, .lime ami - ne
governments, national, state, county and city, an* the group of financiers, of w nich Wall street, New- lliirti lare bull lare io la- |eiid going
d a r.teip. taken tliervf r, up n
now suffering. The voter has been to»» long con York. is the central pivot This fact being now a>
wliii h a return lick' t w II be lamiwd al
trolled when he g»M*s in to the voting l»o«>th by his demonstrated, it certainly is the duty of the law- on« 'third late
!.. KKST, Secretary.
prejudices. We have turned down the better can making power, of both states and nation, to make
didate too long simply because he does not w ear the watering of stock and the dealing in what are
the particular political color we admin*.
known as "margins,’’ so expensive to the dealer
If an official proves himself to I m * honest, effi- ami issuer, either through taxation or criminal «•eet Home elected !<• flr-t board of
c ent, zealous an«l impartial in the discharge of his prosecution, that the ulcer will be removed from town ufhiT’i, for a number f veara. the
Hl. »«'»ernment bavin. »■**« allow d tn
d ity, re-elect him; for he can give you a l»ett» r our financial system.
service for the money than any other man. When
Our nation possesses the right and power, in time Io I»-*. hot now revived The hoard <4
rtki*o «1*
Ma«or, M. Ntorv . rri—tnj.
an aspirant for an office points out that Smifh. or of war. to take the citizen from nis home that he er. .1 W Ibiwaer ; treaanree, J. t> Am«**;
Jones, or Black, as the case may be, has held a may fight the battles of his country. Conscripts <nar»h I. Ja.ier Keene. ; rm rrllmen,
»am Oliver, John Colter, H H Slaven.,
particular office long enough, unless he gives some for this purpose comes almost exclusively from the John Mienert.
other and better n*ason. beware of him. Sueh an ranks of the workers. Th»* government also pos
CUHI- TM a S GREETING.
one is looking out for his own personal welfare, sesses the right or power to appropriate a par; or
rather than the welfare of that of th»* public.
the whole of the citizens' property for public uses.
We are •ho«v!ng a very large
Next month the petitions for the nomination of It is but a small return for this national right and choice line nl Watehea. Chain*. Ring*
candidates for state and county offices will l»e cir power, which the [»eople asks from the general and »ilv rw.ee, •nilalil* for ChHatmaa
gift*, and i vile the citi.e ia of Ncio and
culated. If none but first-cla.ss names be pn*s»*nt- government
ri drily focali when in Alba* v and •«--
<1 “p'ar. Mad order« will r<c«iv«
• m | at the primary election, then we are assured
There is little encouragement to the working our
careful an ’ t.rt.mni a»fe< Hon
that none but tir»t-clasa candidates will be nonun- num who, unfortunately, place* ...» aavinus in the
» M iKL.XCU '« M.rr.
For Ladies,
.95
i
t
♦
*
♦
For Misses,
COATS LEFTOVER FRDM LAST YEAR SOLD HI
PRICE
& Cain
: Wesely
♦
:
V
♦
;
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♦
♦
♦
*
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