I
■>
%
ehe kantiani lìcito.
Politically Independent
Entere*! at the puatotRcr al
mai I matter.
1-1
KI I - I I I I •
r.
I
I..
l>l * « »M
I \ I K Y
IHfPAi
i»i«;<. I : i<
Atol»
On«* \ ear in tvh
I >n»r •• »r. at » »».I .1 »-ar
I > ,»• -, enr, nt •• im I ■ i ’ ■ ’ r -
One .«sir, nt pi »»M 3 y» of*
bn month» »»» a«h *»»••••
Th r>«t* month* in advnn« »*
Hi titfir ropy n wmpfwr
I ’M* »•♦•41
r<»M.
honest banker would make it. his bu. invss to see
that the dishonest banker, or he v.iu violates
tanking laws is placid behind prison bars. InsU •ad
of oliering a premium for distant hl banking, a
guaranty de|x*sits Isw would i'iiion < honest bank*
mg, destroy private hoarding of money and in
spire a confidence in the business world hitherto
unknown.
U hen the opposition to a guaranty deposits law
I is simmered down to the b »ttom. it will l<e found
that its only opfsmants an1 bankers and financiers
who reap a benefit fn»rn financial panics Noone,
I who has money to deposit, w ill or can object to
lha’.ing his money kept with a>>-*olutely .uifety.
Fhere are about ¡JO.(MM) tanka in thv country while
there an* about 13 .0 »).'**> il«-i>»»'ilor•«. If the good
I of the greatest number is considerI the 15,000,-
i mxj would surely win out.
IIOW Ittl.V sQi IRM
It w amusing. (mg«d with a alight :
<u!or of ItHgiily, to notice the frantic
effort»» th« puliiicai l»uaae», |>mf«niaional ;
aixl ring politicians are reporting to. to ;
atom th«- taie that is drifting towards
the ^»»plos rule in political matters.
Tlw »«»pie hav»- gained a foothoW in
rvery »tale wherein they have force»! i
the ailoption of the direct primary. 1
tt<M*auacof th«* »M-i>|de’» recovering po-
litical |»ower. th«- l*uwn and Out club ts I
makli g a growth so rapid, that it is a |
source of gratification to the peop'e
and of terror to it» numerous victims.
Men of the Fulton, («eer. Ankeny and
numerous other Dow n ami Outers can ]
nut umleratami why or how the peop e
dare to vole fur other and leas known
pjtdic men than themselves.
Even
when the vole is count««] ami they tind |
themselvaa a few humired or th<*u»an<!
ilumfoun«l<r«i. I
votes »hort. they ar«
They think auriwj tfreat mistake haa
been made. They talk aa if «heir <1« ■ j
We
bringing in
New
I
t ■ ■
•
'
is devoted to wl at it t<-nns “t‘ «mpulsory ins ¡rance
¿f bank d» posits. ** Ils conclusions are not bourn
out by ti»e workings
ln- feat mcatm »■eril to the alate and na
K of th«* law m Oklahoma.
tion. They imagine that ¡«-gialat >rea.
ieed just the revers • of w hat Im* Or- -g* »man congress and other features of public '
ittempls to |s»rtray, is true. lnst«-a»l of <»js*ning a political life will suffer an Irreparai le
HUAH ANIEED HANK DETONI IS.
ield f<»r exploitation to dishom*st. plunging bank-1 luss without their valuable advice am. I
w istlom in deli tie rations.
NE WOULD BE SAFE in saying that then •rs. the tendency is to remov«* such »m*n frum*lh»
It is very evident that men of th s
tanking
busin»
-
ss.
In
th»*
ca-«*
above
rcfer«.*d
to.
.
is not a bank depositor in the Unite«! State*
I sm place a higher estimate upon then
who does not wish to f®el that any money th»* privdege of cunducting a tanking institution ■ wisdom in state ami national council'
vas taken from l»»»'.h pr»’ .»lent ami cashier foi than the people do. And strange to any
he may deposit in a bank is absolutely safe anil rt
violating tin* banking law. Il i pr< .-ume»l that th«- al ite ami nation »«’em to beg«’ttim
hi« command, whenever he sees proper to will-I
on quite well without their valua'det?) I
draw it from the bank, lie pla*es his cash in t1 e. s loulii eitner of th< .-<• men ever ug on at’<*mpt t< ” rvic«*s. Th««sr men, that now hokl
«
-cure
a
charter
to
conduct
»
bank
in
OK.aiioma,
it
bmk for one of three purpose»; safe keeping; for
•heir hamis up in holy horror, at th«
checking account, or to draw the three or four | m *» vould be refused them.
thought of Republican <>reg«»n electing
I in- < i ■ . ui H. a i> i
. ' !.'■»' iv« rum»'» t a |X’>n«»cral to the Unitad State»
ten*. 'ntere»t, which some binks pay for time d<
<up|MN»es private indivi»l »a s ma > Is* abl«* to tool • >nate, cannot yet understami how it
pisits. But. in either case, he desires his mono»
I wa« «i«»nc. They continue to mtajuiiK«
to be absolutely safe. What security has thv <l< »ft» r their own busim ss an«i liieirown intercs’M.’ | th«- temper of the peopl«’ They caniu t
[Hisitor for the safe keeping of his funds otlie I’iiat is just w hat th«* people of Oklahoma hav, i rvalue the fart that, though a man m ,y
»*en doing. They hav»* maile it im|s»s«ible for th» ' -e a Ikemoerat. b<* may tie honest am
than the res|M*cb»bility
his banker? None.
dishonest
bank»*r to r«»b his <lej»<xitor«. I ¡»*y hav» true to the »a-opitrs interval. Men < i
Hence, the average depositor, whenever then1 is i
»laced
the
burden of lo-s - through dish<m«*s< ih«- Cannon, Aidrich, l»v|>ew, ai«o
financial stringency, and danger of a financin'
dumring bank* rs upon the banks thems«»ives, in i •thers of their class have |>at>d»’rc«l so
rMKMl’trMT, w
J J.lLirtier, W. F. tiill,
crisis or fianic, he, nt once, withdraws or attempt» itead of U|x»n lm* js*ople, as it is in Oregon. The» lung to the wishes of n>rp »rations that
HfttBUBY, (’. .A. U ariw r
J. A. Bilyeu, J. II. Barner,
to withdraw his cash from the bank, lie feels, »a/«• made honot tankers intcieslcil in we»-»lin> they cannot cumprvhemi a man that
A. W arnel.
will
consitier
the interests of th»
that in times of financial stress or |»unic he, him ■
> it th»* shysters.
self, is a safer custodian of his money than an1 ■ Compulsory bank in°uranc«* i ¡un* to, in time riimi»«» of the |M*ople before that oi
It is a feature of nuMlern
li inker, no matter how respectable.
Tne oh tj “coin»* the jHilicv of every state in the I tiion at curporatMms.
nohtical growth with which they have
stocking is to him. al such times, a safer dejioHit well as tin* I’nion it.-« If
Ami the source iron failed to keep in touch.
than thv strongest of bank vault«, fi e con-« whence sjtrings th»- lull» r attack of the Orvgoniai
But sooner or later, the fart w ill I m
quvnees of his and other dv|s»sitors withdniwini »gainst th»* guaranty deposits plan is attributabl« driven into their obtuseness that th«
their moneys from circulation, simply hastens am to its hatred of Mr. Bryan rather than to the plan A’nencan »»eople are the nuprerm
p >wer; that they are greater than con
emphasizes the jianic.
SCIO ROLLER MILLS
its»*lf. It knows tm* guaranty principle is right stitution; greater than courts or rot
Those of us who were connecbsl or associated »nd, when fairly undersUssl will be overwheln- gr»-»*«’»», ami that th«-»»e various fun« •
with the business of the country during the panii ingly adopte«! by »he jM*o|»le. Tne Or«qponian will t <> im of government «ierive their howei
of 1893, have a very vivid recollection of the dis io well to g» t out of th«* way of t'.»* .«team rollei >iv ami with the consent of the goverte
«’ I; that thv |»e«>|>le have power to
tressing conditions which then prevailed. Th« >f 1 »•ogres.s.
■ hange. even th«’ f<»rm of governm»*nt,
W
.!>• m
< u»lntn Milling BtJ*»»»«’**
I lour and
financial sacrifices that men wen* then compelled
if th«*y <i«u-m the rhang«* advtsab|«.
1^*1! »><» S-.l.
a?
Wlx .ii
and
I *< hangvti for
to make, pauperized many business men in ever.v
they are’ learning, to th«ur chugrir, I
flour
Vk «• ar«
in |H«» *•«!■< for I5u»inw»» and Will
field of financial endeavor. The panic that thet
ou a lAlE'lAlH.
Trent Y om KisKi
existed, was due solely to the private honling of
»11 of the time.
I he »»-«»j>le have <*ritrui»t«*<l the guid- ’
t :v monev of the country.
Men who could, ii |
HE SECOND ANNI’AI. Linn County Fail inc«- of th«’ Ship of State to hands that I
m my instances, neglected to pay their debts
is now a mutter of past history. All purge» uave st»*«-rc«i the old craft into danger-1
Banks in nearly every city and town were foriei
ami premiums, as well as all biUh agai*st the •ur water». They see shoals ami I
t» close their doors; etc.
htngerous reefs on the right, on the I
»SSOciation have b«en pai«l and the Ixioks have
Now all of these distressing conditions coukl been balanctsl. That a comfortable balance has left ami in the front. It is not a »natter
have been avoided, had there l»evn a law by whirl b-*en left ov»-r with winch to |u»y tin* premiums of uf whether the Cannons, th«’ Aldriches, I
the deiiositor was made to feel absolutely safe. 19119 fair, is a fact of much satisfaction to th» ■he Elkinrvs ami the Fultons can guide |
the ol«i »hi»> into safe waters again, i
The dep sitor feeling that his money in the bank management.
They have blumlereii in allowing hei .
or banks would be provided for under any circum
luist Saturday a meeting of the lioard of direct to drift into thv dangerous waters ami
stanews, all desire to lake his monev into hiding ora was h» l«l al the < llicc »>£ the |iresident. Dr. for this reason thv peopla have deter
Nor «!<•«-« it
would have le«en dispelled. His cash would have Prill. After ambling all bills and adopting the mined to change pilots
concern
them
greatly
whether
the new
been left in the channels of trade, to perform tin r jMirts »if the president and secretary, the ls»ard
pilots arc label«*«! {»emocrat or Repub
functions for which money was intend«! pav deciiied on a date for tin* fair of next year 1909. lican. Tn«’ chief cotuixiei at ion is, arc |
Ì'
debts And if men are enabled to pay their d -bls .-\ft»-r »1« bating (!'.«• subject ¡it .*-'ii.length it was th -y safe?
when ilue, a money panic is an imjiossibility.
th»* general opini »n tl at the first w«-ek of Septem The po»p)e quickly grasp the fact
Oklahoma, the youngest state of the nation, is ber was the most convenient turn* for the greatest that the I irect Primary, th«* Initiative Ì?
ami Referendum and Recall, places '
jointing the way by which the financial conditions n imlwr of people.
Accordingly. Wednesday, lower in their hands by which the cn- :
of ls’Kj cannot again occur. A depositors guan»» ■ I’huixlay ami Friday of that w«*ek was fix»*»l ujsm. tire crew of the oid Ship can be changed i
1,3
ty law exists in that state, which makes ml of th» It was also drcide«l to admit competition for if neccwanry. If courts pronounce j
banks responsible in case of the failure of one or premiums to th«* citizens of other counties as well lh<»e new methods of the |»eople'» 1
, ■
more of them, The law has been tried out anil t as Li,m. t'oi s,(i.-rabh enthusiasm was manifest »tower unconstitutional then, if neces 'I?
has | roven equal to the emergency, A bank’s ed! by the ofllcrrs ami directors as well as the sary the courts and constitutions will j
It did citizens in general, in all matters relating to th»* tic changed.
doors were closed there a few weeks ago.
It may as well be admitted that we,
pot create the slightest disturbance among its de- fair. Tl.»*r«* was mil the slight« .-1 indication that the jw*oplc, are the source of ail power
isisitors. The Banking Commissioners drew upon th«* idea of removing the fair to Albany, would b<* We deaire to wield that powrr with
the guaranty fund for the necessary cash to jmy ■ntertaim-«l. 'Im* favorable mention given the justice and rcamm. But we do wish to
the depositors in full. The entire matter was late fair by the Portlami and Salem papers, |>ar I estai lish the fact, once for all, that the
Dealer» In General Mar. Sanili»«
settled up in a very short time and without the ticularly “Tin* Rural Spirit” and "The Pacific |Mx>ple cannot establish anything either
at the Kami of Republicanism or Demo
slightest disturbance among i I< | h > ¡i >is or ri ||<lin,,S(,..ll|** waM fiighlv sitt f.i ( >r\ to the board, i j cracy, that the »Mmple cannot destroy.
No feature of the government is so ___
financial circles.
...
- ............................
.................... Each of these
high ......
chi . - .....
agricultural
journals had
>'
' .nd subver ‘“2!;
Mr Bryan favors extending or nationalizing tl e
at the fair ami which was duly
sive
to
the
liberties
of
the
|ic«i|>le, that ,
Oklahoma plan. He thinks this would be a belt, r appreciated by the management. Other news-
BIAS ARI. or l»l.l IXTIVI. Till.I S
it cannot is* changed.
plan than the organizing of rational postal savin» s pap< r>. which were represented, either by owners
Of course the people will always
Have an KtMtnu't of 1 Hie i>ni»«r<!
banks. For the reason, that guaranty banks or representative, s|ieak of the fair either favor make mistakes, for Mxw are perfect.
ho
would carry checking accounts a necessity f> r ably or not at all. Stayton p< ople were so favor- But then the Cannons, th«« AMnchcs,
•>) il»
business men; whereas the postal savings banks|*T/
.... y impre>-< d w th our »■:!' rt. that they are now ' the Elkinses and the Fultons, in their
would simply be a place for the safe keeping » f endeavoring to form a fair association of their eomiuct of the affairs of government
h«ve rnailc mistakes ami very grave
dejsisits and m>t subject to checking purp s >s.
own. The Albany papers have had but little to ones too. The people through th«’ 1>«_ :
Manufactura
Financial panics are a source of great» st injury siv. except to misie| re-ent the -ntiment of the reel Primary, cannot do worse than j
All hind, of Rough and Dre.i.d
to the business world. During such times t’e Scio people in saying they favored the removal of they have done ami may do infinitely
Of the n*al profMrtj you infen«! tn port -ha«*
Lumbar necessary for buildings
*»r act* pt a«ac**mtlÿ »Or in«»»»*** k«n«!. mir
very best of commercial paj er l»ecomes worthl» ss. t ic fair to Albany. Of course the wish is father iM’tter. At all events they will know
Bilia anwad to ordar
attorni trraieine Hie benefit of our eaprri
Nothing but hard cash will adjust balances in the of tne thought with Albany people. I’ney would that we, the people, rule and that we
rmv Mia »hwlted In UK.
Yard, at tha Mill, 8 miles Eaat
channels of trade. Confidence in the ability of like to have the I,inn County Eair over there. are willing to abide the cunM*«|uences,
tie they go«»f or t«ad.
of Seio and in Selo.
Imnks and individuals to pay cash, is gone. There Realizing that one County is hardly big enough for
Z. tl. Rt Dl>. .Manager.
II SH»’PI . our A-r.—t at
fore, if some plan can be devised by wnirh both l»o agricultural fair.«, they think their only Ik» I It I’hoiM*. Ml
EurufMta 1'lan Scio, fur price*.
Oflkw»corner Third and BmadalMn Mt
confidence and cash is available at all times, » chance to get it is to Kill the Seio fair. Tne N ews
financial panic is an impoaaibility. Mr. Bryan can pro|M>8e a belter plan. Divide the county.
ADMIM m R \loR s No I ICE.
Al.HANY. OREGON
o'Ters a plan by which ls>th confidence ami cash Cut the ForKS of the Santiain from the face of the
N«‘tire i- l»rr«»b\ yixrh il«.»! ! I h * ilh«|«*r- ;
can be maintained at the pmtier standard to insure
AIIMIMSIR A KIR S SOIICI
« f
earth. This section is a sort of an upstart any (Formerly ROYAL REMTAt'RAXT) • ’UH «I A li iil-tr «' r <*f il,«« . I Ita«
|
s ability and prevent money panics. The plan is
S»lii-e i» hrn-tn ¿nrn tltn» tiw» »ir><li-r-
way, to jump in nn<l organize and give a fair. It
tilrd I h »» rttml nrrjititi! * tilt li»** ('Irrk «»(
mt a vagary or untri«l theory. The successful
Ih«
<
f»r I.fini («* iii »I v I »ha« I» en <l»»lr a|<|*>inl»-<i Aihmn-
has assumed one of prerogatives which lielong
m»«l II»«* Jii'lgf «si ili»* h I hd ’ t*n- I »■|ml«>r •»» ll.r ralatr <4 M;iba S»-haei»-e,
OPEN PAY AND NI».HT
experiment in the state of Oklahoma »lemon irat» s solely to Albany. At least this is the feeling
litlr«l C«»ur! Imn tiue-J thr | 41 li »lav <>( | <l«-< i-aa-il, laie ■>» l.inn <’ nnly On-f»>n.
that it is practical and not simply a theory .
which /Xlhany has lately manifested. Perhaps
'MF*|><«*ii»tw*r,
ni lite li« iir «»( 1 o ' c L n k Ail |erm>i>a lia»ine t laoiia »itainr» *ai«l
are h-rvl.y twililieil t«> p»raent »lie
The assertion that a guaranty deposits law this is the protier spirit in which to encourage Owing •«» the artion of the city contici I p. m f«»r !l»«* liennng »•!»<••» ti< <>■ io •-■ta».-
- «»»•* |<> the nti<|-r«hrn«-«i «Itil»- »r»in»*l
im M arvuiliit ai*«! ti»» arilhiiirul u| wai<|
all
MiUiirii»!»
at
12
oVl«<
k
mi«l*
i»a bv law rri|nirtai «itliin ail nwiullia
would furnish greater opj»rt.unity for th»* dis enterprise in other ¡attrl-» of the county. We shall night. the a I »J vc c I iaiirv wan made net •
I»al«*«l tlii« Iht
I mi «*«! lina dir Itili <lav of Auguat, i fr*>iu lliia <1 île.
honest banker, is untrue. Mak»* it to the mt. r t see. But for the benefit of Altana fair boomers vvamry.
• lav o» Allouât, IU0S
in that city th«; N ews will sav the Sc» fair is very
IHtM.
liii.av
t'i» «ai.ra S< n*«rra
of bankers to maintain honest banking, ami honest much alive. It has mo n»*y on hand and the people
A«ltiiii»iiifral«»r. I
WILLIAM*, HE MIT A MILLER.
Ailn>ini*tral«>r.
tanking will I m * done. Make imprisonment a in the Fork* are just I atriotic enough to raise
M • atb,rfunl A Wyatl. AlloiiH-ya ivr
Submrlbe
for
the
S
ast
'
am
Ntwa.
J AlUtujr
penalty fur violating tanking law, and every another $11)01) for next year’s fair if necessary.
Adiiihliatratur.
I
O
Goods
Every day now
Scio MilliiHj CoippaiM|
Ki
ll
I
KK< »I4M
T< I
T
Hew Fall Goods
Such as Dress goods,
Boots, Shoes Under- £
ai
wear. Mats, Blankets,
Umbrellas, etc.
Call
and inspect our stock.
HIBLER &. GILL COMPANY
TRAPPIST FATHER S MILL
LUMBER COMPANY
HOTEL ROYAL
;•».
■ T *
... -,*.*?
"t ♦jT*
«T 'T
N
IIP»
’
4 a
J