■ » _’ 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 *