Image provided by: Scio Public Library; Scio, OR
About The Santiam news. (Scio, Linn County, Or.) 1897-1917 | View Entire Issue (Aug. 12, 1910)
■ » _’ V* . * • * -4 1 htsnrin^ Bank /ie/Kwitst A 2000 Double Rolls Wall Paper Selected Patterns for sale in quanti ties to suit you ut BARGAIN PRICES E. C. PEERY DRUGGIST Oregon Scio I O ATTORNEY AT LAW CUSICK BLOCK OREGON ALBANY ID IE N T I S T OVER WOODWORTHS DRUG STOKE BOTH PHONES fl! BRNY - - OREGON » ♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦to« : ♦ 1 )<> von want ♦ ♦ : ♦ : : : I ><> von want • I To buy a Farm? 1 can tint! a horn«* * ’ ! ♦ ♦ : I I ♦ i : Mv Burliness < C. W. TEBAULT ¡; Lyons St. Albany, Ore. ¡[ Fini Gau Aaommsdstlcas *nJ prompt Service Larfc Sample Koouu for Commercia! Trsvckn UNDER !UW MANAGEMENT St. Charles Hotel GRANT PIRTLE. Pro,.. OREGON ALBANY V. W. A J. MV.vsr.sa, ■•1MU, Ca/nar President The Scio State Bank Tale« «-are of ymlr money. n»lng lb* lilflw»l «irigem-e f«w ,oar «aiety. It Sosa a strictly bunking IhkrE <ar»‘ <>i }OUf rher Y a r»n •run-frr* fr»r you. mak«* loan« rc»n«lMriii with >oo». cvmtarratlva l»ti«l no*« tool hod« R. SHELTON Real Estate Notary Public Administrator of Eatatea »ana Negotiated. A ba tract» Obtain«! and Examined ........................................... OR.SGON THE 8ANT1AM NEWS H'liutittued from rage II V CLADEK their depusita SS they were, and not withstanding the advice and action of tl - ir correspondents, paid out cash in iniimited amounts to their customers, while during the same period, their correspondents locked up everything in sight «nd gave as their reason for so doing, that "they were afraid of the country banker. ” There are many more of the country banks than of the targe city banks, ami if their deposits are nut as gn at. net th <r are their liabilities. Yet in times of stringency, as in HMT, their reputation will compare favorably with the largvr I'uii- , audit is for the stability and protect ion of their capital, and for their prutite and in their bu»im »• that the “insurance of deimait" sentiment ha» been growing among them like the city bunkers, they are inclincii to look at the question from a selfish standpoint. The insurance fund could be used only for paying deficiencies, after all KSketa are exhausted and assessments have txen tn rule against the stock h dd- • rs as pr >vi.!ed by law, therefore I am unable to see where there can be anv inducement on the part of any one to ■ *4 - A MIRACLE FROM THE SEA. have you. my laaliell*-! say be shall i n»t have youf’ Ills voice was tremulous with auger, though til« eyes dwelt fondly on her tear «tallied face ’ I »■ 'i 1 go with you voluntarily - gladly!** •'No. no? It would amount to the same thing, dearest," he replied In a dartrrmlned voice. •"There shall tie no elopement for us And when we mar ry It aliall tw with lour mother'» eon sent Itealil««».* he ii.lilxl n Illi sudden deicctlou “I cannot uow provide a i sulta tile home for you. I couldn't a«k you to live <m my present invoine” "That «l<M*«ii't matter," she l>ruke out rra< lousl) 1 'here's ini Income We nxihln'l li»e half of It." Nhe caught hl» reproving look and fiushe»! •'Veil are so delightfully hide- |x intent. I'hllf' tml she »lulled n wau little smile which was quickly fol- . town! by a l«i i of dlxtreaa They conversed long and enrtuntly, and «hen tl it parte»! he ml moni» liest her to “be traie mui to trust In hlm " \ mighty I' I ' i ff II «I rellgth of c ha rad er »ix’lixil to haie l»eeli ca»t iip'ii her. for with <-.v h ami every step that b • k tn i farther ami farther froui him her will and her trust Increased. It was with bi.i. Ing i-yes and with d Im I - tb it -he r enter» d the h-ids "f the hilei. uiuttcrlug to her-vtf 'I i ' io II not yield to them I«rt them do their worat?" A mouth hud pa«»e«l Th« mtn »U again on the »auds of Cragsheml, but he was alone A big »hip was slipping swiftly down tbe channel to ward th«- open -en If th* vision of the gazer ou the Ixmch could have r<-ii |ie»l far enough he would have »•■eu i fori rn Pule llgure ou the ship with straining eyes turned In hl» <11 There is no mystery in the failure of How a Ray of Sunlight Gave In farming to be made a proposition of spration to a Genius. big machinery, as has manufacture. It has simply been placed under tribute to the plutrs in such a way as tn preclude By EMMA ARCHER OSBORNE. such action. ICepyrUtht. Inbl by American press A»»o CUI Min | .Manufacturing has been a< < •>mph>h< <! On a »utnmi-r day. one calculated to by more than concentration. AhnuM make the nverngv mortal glad If he every merger, whether in manufactur were near li e ana. the beach at t rug» ing or transportation, earn -1 withit he«d was deserted, save for » soil the issuance of quantities of » atered lary man who. In walilug attitude. stocks, as well as large bond issues pn<ed th«’ yellow »trip of aund with These things gave the masters of th«”- long, springy steps two industries control of the situation, H wa* tall anti etrougly built- n including all other industries, Bai llg man of twenty eight or tlii-ri’uls’Uta able, through the use of the thins they anil with tiro id shnuiderw. Ill« feet owned, to levy triliute off of all arti mxl hmiil» were large, and tbe latter sans, farmers and mine rs, there was bore i evidence» of common toll no occasion for the bonanza farm. To til« left lay t'rag»bvnd. nn «•« Imagine the organization of farming tale of greitl airing» mid l»*nuly. loll on the same basis. Could there be us h«1 strode ou he never so much a« watering of stock to the amount that turni*,| bls bead toward It was done with manufact ire and trans Near th«’ Inlet, the ndjolnlng c« portation, and the a^stance of bonds tnte, he sentrd himself on n bowlder sufficient to |*ay for all the farm Ian la ami took from his po ket a IWIrf of Americn, followed by poavr t< • >. tract dividends and interest on all the their own capital is involved, ami only W bl* Il 111 luif,tali*«!. | »• milling It nnl- loualy the «i hite. I Itupidly hl» ry«-* air and water involve i? The idea i.- ■ ; '.' I' : '•> IS t ■ b. i I from covered Its ««intents, They n i re brief. preposteroua. But the same result has this fund. mid lie had rend them wo often It was lieen obtained by controlling the two As it is now. if there is n failure in branches of industry, maruriictuting his town, the banker will discover that not n«w cssarv to follow word for word and transportation. Under th«- opera his r!«*|io»it« will shrink from the effects The letter ran: tk-ar Phil lay |4ea»e. put your prhle In tion of the rule that he who owns a of lui» and general confidence, while on yot»r Mint COftW to lb« tlrar old majority stock controls the whole thing, the other Land, under the Insurance Cuín« today. («»r | mu»t «**«* ><>u Your«» IHADKLLK the pluti-s, by bonding two industries plan, the depoeitor will find a ready "I wonder what It 1« now.” hr iihimi I ' rvclion. for enough to pay for them and capi market for his rlaim. So the remain f lowly tore I «»re 11»’ talizing them f> r enough, to lay trdait« ing banks wi l rr -eivv the benefit and Inip'itlcntly and he slowly ■'Uli. to know »hit to «I«.**' he «Ighed, on the country to its full paving • »pa Limimrss of the failure. Ami the com letter luto frng ilieiit» nnl CASI I'M by I turning at last frulli hl» vigli. rity, secured control of al! things, just munity tn general, will not find their ! bit to file crtprlt e of the lireeze. lie paced the sands with heart and Then he raised blmaelf and looked brain ntlre In an effort to conceive nu as surely as though they own«! every furxls, which are necessary to conduct .nelilio to wealth. Hix WeelAi before foot of ground in America! their buamexs, tiisl up ami unavailable . out Ufmii tlie sen tie had laughed at poverty. It was “i'll win out let?' he cried Ironically It matters not that the farmers may for an indefinite peritxl. I "I'll fetch them overt Hut not fur all different uow since the boinetnsklng d<> intensive farming on a few m rat Did the Chicago clearing house apply Instinct had been keenly aroustsl with- it simply adds to his productivene«», this method of reasoning at the time of tin.* Iti-iiioii n lllloii» would I give up Ufa. the . In him and they will be na.se»Hed all they can the failure of the Chicago National my work gm«?, liar.I work l or generations the Benton men bad i «mlefnetliiii of iirltig one's own way? possibly pay. The plutrs in effect own Bank? Did the clearing house say to The n hob-sonie Joy of earning uue's engage.I In profi-s donal careers nr as everything, in owning dividends, and Mr. Walsh, “You have done fraudulent owu brend' T be frinlom frnm tiring c.’plt'il «is From the time Philip Beu- there is no need of carrying ownership, . banking, and it would encourage others eternally lirnmlid *a rich man's son?'" ton mill«) use hla hands and brain ho a mere nominal thing, any farther. TMI! i,h!i:' h ul dlsplayivl a |>en< liant for the baser | to do the same if we paid your depoai- For these reasons, th«1 bona.ua farm I tors ” No. like sensible mm. !<»>king A g rl In a w hite drc«s came running metals When a Imliy lie reached for must be quiexaant in America until con I*out for their own interests, they wisely don :i a pitthwuy In the rucks. She ran til«' chandeliers, for th«’ bu<kh*s >>n ditions change, giving a reason for it. paid the i!ep»aiitors. and substantially with «U'h »1« i«l that (lie suspicion of harin-ss. for the wheels of his carriage. loi r ntlachnl to her little w bite ab<*es \\ hen n child tie took to hammers soil After quoting Moodv’s .Manual.», the I applied the principle that we arc There whs Interval of wnltiug ou mill», bits of glass »ini the like lie ' advocating tm lay. highest capitalist authority, th at five tlx* part of the man The branny tig ! dlsiHx lesl wall he« and clocks while his j The !owa State Bankers* Association lire of flenfnn hurried tn m>el her. ' brother iMuiald rudo his pony lie cou- year» ago twenty billions of the nati- al wealth wu under the direct domina ■ in the pa»t years, has been interested ami the r greeting was ntf - tb mite, for strin tml embryonic maehlnery w hile lie Miugtit out tion of either Morgan or Hvkefell« r. jin. and hat accomplished much in mat he b» k her in hl» arms mid klssisl her lionuld playisl tennis and that at present it ia easily thirty ters jx-rtaining to their financial wel Mir I Akiil ill lililí like one who trusted the inwtlve power of engine» and ste.nn»hl|>n while Ixiuald visited art billions, or nearly one third of the total fare. if we had diqiosit insurance, it In tilm nml bo isl Mui "I ni »o gl.ul you have come." stir galleries slid Indulged In |sih>. and <>u wealth of the hation. the Lincoln, Neb., i is rea.-'onabie to suppose that they, be- erltsl happily, "eii’ii Ihoiigh It I» the entering III» uniiorslty li.ul ilisap|»ilnt State Journal asks if comptition is i ing tir’ancially ititer«stc»l. would inter eteiciith hour Tomorrow It would ■»I llie family by srtoctiug a eouru* In doomed, and reasons that it is, pointing lest themselves in weeding out fraudu have Ixx'ii too late.*' • -iigliii»-iIng ami iiii'tailurgy Instead of out that this incrva-n in trust holding lent Hanking. This Would Ix-come an '"Io, late* Wluit do you imnnT" adopting the law and the ciSMlca. ia growing rapidly. Il »ay»: “One im|>ortant feature of their busin«*m, he u»ki-d. drawing lai k sharply. The Ity every inenna deilnalile pnooutns thing ia certain, unrestrained monopoly I and I will vouch for much ctoaner bank limk lii tils iin bail been tendel Al e * brought t<> bear to Induce lleutou to nluuiiloii tils distasteful V ovatto«, cannot be tolerated. Neither a Itucke- [ mg, when thee» competent men. many her words It grew alert and tense. "Wlml du I mean!'’ »he re|iealed but Io lio mall. Itistend. he applied feller nor a Morgan can lx* trusted to (of whom I have serve»! with on com apportion our living. It looks like n mittee», interest themselves in this “Why, I» It |H»uilblv you have uot himself the more diligently to the hot. no|»y. greasy machine »hop. keeping choice between competition and sortie matter. They are much batter inform Ix.’inl? Haven't they told you? They apart from til« kin altogether, It waa »aid they had" degree of Socialum.” The Journal ed as to the bank» and their manage "I have uot hranl nnythlng I • até but little n i>nder>«l at ftierefore when, ment than it 1» possible for a few men evidently means a choice between pri not seen any of tlirni sime the »Ince nt hl» father's dentil, the name nt this vate monopoly and some degree of to be, on whom all the re»|x*n»ibility father died T«dl me. Istilxdlr. » hat piirtah w ns not In« ludcd In tlie list Socialism. And that ia tin- only choice and duty of investigation now devolves. new fiMillsliti««» Is brewing" in Ira nml tMiiieth’lariea. The question has been frequently we have. If aumethlng is not done in "Tnki’ me away with you uow—to In bitterness llenton tout ll»telle«t day, I’hl!.” shi’ laggeil "They arr the rending of his fnllu-r » will, and the next few years, no man can go diM’UMcd of late. The item of the «mat of thia insurance determined that I «ball marry I xuia I«! bitter deflnm e tie had held Ills |ie»i-e. into any business or obtain any employ ment. except upon the consent of a ia conceded to be so comparatively Xlotliei ha« her liiwrl set ou It mid T here was general surprise Hint he did small group of great capitalists—it is •light that our opponents do not threatens nil manner of tiling« w hen I not enter legal protest, but tie was no rebel Donald Is [»«Itlvely fxTsi’cut- money w<>r«hl|>er. und be found noise« either jrivate or public monopoly Will usually argue from that standpoint. itig lu Ills attentions, nud I loatli«- lilm within himself mid his purpose and The comptroller ’ s report shows that the Journal take sides and help to ex eien though lie Is your brother. I Isabelle Isnlx’lle Fielding had tx’en plain to the people the danger that the Fas is about one-twentieth of one « tinnut help It Tl Ills great «-»I comfort aud Inspiration per cent on the average yearly deposits confronts them? Or will it remain of the will, lie gli "One llenton. nlone and utiald««!. laid passive until the few have the nation of national banka since they have been She sptike rapltl itie foundation of all their wealth, and securely by the throat? Are we to be In existence and for the last ten years Ing now and then I I gtn -s I can at lea«t take rare of my ««■If." he ha<! remark«*«! derisively. a nation of cringing slaves to a few it has been very much less, •<» the loss w hence she luid n > lug Interrupted It hnd therefore Iwen a matter of capitalists, or shall we throw off the ts but nominal. l»> ketlng pride when, at laalirlle'« bid I do not like to nay for other peoples* I tn d tier plea old forms and put on new ones, as dal "Ro that's the I latest devlitryf' he ding. tie hnd ngnlti rtalted the tx-nch our fath. rs before us, when they deficiencies and crime, but do we not do Hurtl'd, nml held I her hands so tightly at Crng«li«*nd lint It waa withal threw off slavery and feudalism? ft is so and do it willingly when we patro that be hurt them i 'They're going to a pleasure mid doubly so to meet nize fire, burglary, fidelity ami numer up to the Journal to help. throw medown nguln. are they?" Ills sgnln th«* girl he lov>d nt the dear ous other forma of insurance? Would voice grew hard ns the look In hla old trystlng place Isnlielle |>ad played You are in favor of taking down the not the banker decline or decrease the fnce with him thera In their rhlhlhood days, lie sprang to his feet mid stood and If waa there they had repeab-dly obsolete and building an up-to-date. lino of credit to the merchants who re told their hive «-neb for the other. You take a prkie in having an old fused to insure against fire because he glowering nt t'ralgshen«! "They time taken uiy birthright from An«! today he hnd lrr«*slstlb!y l«M*n house torn down and a new ami more waa opposed to paying for the care me; they lime maligned tny go«»! drawn there to watch the ship which modrrn one replace it; you like to lessness and crime of others? We must look at both sides of the name; they hare aroffr«l nt and acorn carried her out to »ea with the cruel discard an old machine ami install a r»l me. hnniMrd mid lieltttl<«l me Ini ol.ferr of snatching her from him new one; you like to learn of better ledger an«! cut out all sentiment nnd mcn«urnbly. merely Ixx-aiise | choose T.ong after th«’ v«w«el passed from nonsense an«! not depend so much on way» of living thing» than your fathers to follow my own Inclination« tn the view, even after her amoke had merg used; you pay money to even we new the length <»f our pedigree. matter of occupation. Hut I swear ed with the mists of the «vernn. Bea We must not forget that such m-n as they shall not tnki you from me?" device« and invention«. Yet you «til! ton rcinalm-d. hla attitude wa« that of The girl’s face lirightened as she dejeettou. cling to the old xlca» of goveniinental Bigelow, Stensland, Crocker and many function«, ju»t as though we could others, up to a short time ago, cnulil stiMxl la-slile hlui Hl« career as a mechanic was as tie- make improvements in every thing but outshine the most of us in that respect, "’I hen I shall go with you todayf fn< t »« inr< tinnl. iiI careers go. for government! Do you think th»’re i« no and that now ami then •he exclaimed, clinging to him. "in a 1« our depoaitora ’ ier. Ill« university prepara new improvement possible in govern •pile of all I can any or do, mother I» ment? Have we reach««! the perfect««! remind us of this at a lime when we I giving a dinner tomorrow to announce tion mid steady application had made «late, «o that no additional measures try to convince them that they are I my engagement to l>i>n:ild. In a month him apt f<>r advaucumetit. and hla In rentlve genius augured gu*«! Hut so or principle« can he applied? I should IxTfix-tly safe and call their attention i think you would as ragerly listen ami to our reputation and standing in the we lome for Europr. and It 1« arrang occupl«*d had he b»*cn tn the pursuit ed that i »hall marry hlin early thia of invention that marriage bad ■eeuw^l learn of new am! better government* as you <fc> in other things but you will community. We can not depeixl too autumn. Oil. It Is unendurable’ It » imte Now lie ainlhsl bitterly when not. Improvements have been simile«! much on our reputation, as we have eerm» ns if I «hall die If I d<> not «■» he thought of tenderly ntirluml Isa out in government that would benefit witnessed time and time again that eape It all” tiefle Kidding living on his meager In you more than all the improvements in general c«>nfidonec decline» more rapidly "I wilt not falte you away.” he snap come True, -he was rich but he machinery am! appliance« that have ped yet temlerly retching nt nnd re even been invented. Couldn't vou than Wall Street stock when th«-re is •training lin ks of her yellow hair that would «npport lit» wife hlmaelf. would not h.iv» It otherwise. enjoy going out and watching the build comething special doing. ing of structures that were to l-e <>i ■ - ..... tint flr-t day ho had Kuns are common even among the tlw brreae was playing with "I never •tole anything In my llfr. and I |">*i beautiful homes for you and for your largest and the oldest banks, and only lively refuae to stenl my wife. Dun children after you. without |iaying some private landlord a monthly tribute? aid si ready has everything that right (Continue.! next week) (Continued on page K) O, if you could only think! fully botougs to me. hut he -jinll UoJ «V » >A-G.-4 F > ‘.ri j- yc *
