In 1907 Wall street undertook
another financial squeeze. But by
ISSUED EVERY THURSDAY BY
< that time the volume of money had
b§en more.than doubled and there'
T. L. DUGGER, EDITOR &ND PROP /
was engpgh money outside the Wall
ateeet«banks.with which to conduct,
Entered at the postoffice at Sweet’
business, which, with the aid of
Home, Ore,, as second class matter.
patriotic governors who suspended
the la,w for the immediate collection
SUBSCRIPTION, IN ADVANCE.... .$1.25
of debts, made the attempted panic
AT END OF YEAR ................:...........
1.50 a flat failure.
SIX MONTHS __ ....................
... .75
Now, with another democratic
administration in power, a feeble
attempt is being made to* bring on
ADVERTISING RATES:
another
touch of hard times. Poli
Local advertising, per line...... ¿~:..5c-
ticians are working overtime to find
Display advertising, pert,inch . ..JOc
some feature of President Wilson’s
Display advértising, • long time, see administration upon which to make
manager.
successful assault. They have pur
Extended marriage or death notices suaded Wall street and other
per line3c moneyed interests to set up a howl
Special rates on long time display of money stringency? The railroads
advertising.
are demanding the right to increase
their freight and passenger traffics
DEMOCRACY AND HARD TIMES five per cent, else the railroads will
become bankrupt. The Mexican
There is a disposition on the part situation, the reduction of the tariff,
of many people to hold the political etc., are used by republicans to un
party which may ..have control of popularize the Wilson regime. But
the government, responsible for,, all they neglect to say much about the
the ills, either public orprivate, banking and currency law, because
from which they may suffer. This this law is generally popular with
is especially true , when what-((are the moneyed interests, except for
generally known as “hard times” the ghoullike nature of some of
prevail. Of course this idea is .non them, who would fatten off from
sense. Such people are incapable other people’s misfortunes.
The Mexican problem is now in a
of reasoning from cause to effepi;
else they would locate the cause, fair way to be settled and, in a
place the blame thereon instead > of manner, which will be more just
and equitable to the Mexican people
the resultant effect.
When Grover Cleveland, ^nd.,Ia than heretofore. The Reginal banks
democratic congress had charge of will soon be in operation and the
the government from 189,3 to.1897, country is rapidly becoming adjust
the people passed through a .period ed to the new tariff conditions. '
of financial stringency, the like , of
If these disgruntled newspapers
whjch had not been equaled not and politicians will be patient a
more than twice during the entire short time longer, they will find the
history of ’ our government. Was country as prosperous as ever in
Cleveland and democracy .responsible our history.
fot the business paralysis, and the
But this they are not willing to
demorization . of property .values do. .They want to make hay while
during that period? Not , at, .all; the sun shines. They are abundant
though they were responsible for ly willing to distort any feature of
not endeavoring to remedy,the con the democratic administration, to
ditions which permitted the results. further their own political advan
When Cleveland .w,as ejected,in tage. They hope to secure control
’92, there had Ween an, agination ..for of . the.6.4th congress when, of course,
several years among the,,moneyed President .Wilson’s hands will be
classes to dem oneytize. silver. ¡That tied.
is to say to destroy the ,basic , or
Mr. Wilson has been president
final redemption quality of .silver, but fifteen months, during which
In order to force thp, government to time much has been accomplished.
take this step, the moneyed inter The people demanded a reduction
ests commenced a peculiar , sort of of .the tariff. Ttjey .have it. They
financial run upon the, government demanded a more satisfactory bank
treasury. ¿At that time .silver or ing. and currency system. They
currency was exchangeable ,fox,gold have it, if the testimony pf republi
at the government treasury .at ¡ the can bankers can be believed. They
option of the holder. AH . at , once •demanded government control of
gold became very attractive to these ■the trusts and railroads. Trust
money changers. They .parted, their legislation is now in a fair way of
millions of currency to the ..national consummation and the railroads are
treasury, demanding gold in ex on their knees asking that they be
change therefor. As a. result, the allowed to raise freight and passen
government soon run short of gold ger rates.
and a bond issue to recoup the ,legal'
Give Wilson another democratic
reserve of $100,000,000 became
congress, and more things the peo
necessary, This scheme on the part
ple want will be accomplished. Not
of ¿Wall Street and the allied money
as republicans want them, of course;
ed interests was ready for action
but in the way the people want
before the close .of /the Harrispn
them. The Tribune believes that
administration. Even the bond
within a twelye-month, the most
plates had been prepared by the
prosperous times in the history of
then secretary of the treasury, for
the American nation will be inau
the new issue. But the shrewd re
gurated.
publican politicians, pursuaded the’
moneyed interests to delay the : ¡ex
COMMERCIALIZATION
change assault upon the treasury
OF HOLIDAYS
until after the Gleyeland adminis
tration had been installed. In other
words, these astute politicians ; in
For the past hundred years or
tended to make a goat of the demo more since the establishment of the
cratic administration^ The money Christmas and Fourth of July holi
power pursuaded the administration days, certain people have reaped a
that the single gold standard would commercial benefit therefrom. Cer
cure the financial evil. The single tainly the people demand that they
gold standard was established and be' permitted to purchase certain
this brought on the financial crisis articles of merchandise on these
for which the money power had occasions and it is right and propper.
planned. Mr. Cleveland and the Unless the things the people want
democratic congress were not to were offered for sale, they could not
blame for the causes which produc buy them and much of the pleasure
ed the crisis, but they were to blame and comfort of these holiday occa
for allowing themselves to be made sions would be destroyed. But iri
catspaws of to rake the republican administering to the comfort and
enjoyment, the realtor primary pur-1
chestnut.
Intermountain Tribune
Dose of these holidays is over
shadowed.
Christmas was established a,to1
commemorate the .birth >of , our
Savior and should inspire {.thoughts
of what the world owes to ¿he birth
of this babe in Bethleham in that
He is the keystone of the Christian
religion. , It has*degenerated into a
period of feasting and merrimak-
ing.
Easter Sunday, a church day,u
which is commemoration to the
arisen Savior by Christian churches
and to the «return of spring by
S. C. STEWART President
A. M. REEVES. Vice Pres.
heathen peoples, is now a day for
W. Mr BROWN, Cashier
T. D. O’BRIEN, Asst..Cash.
the ehxibition of new .> hatsvbyV-ihe
ladies of our churches.
Memorial ..Day .was established by
:r.
General John A. »Logan as .head of
G. A. R., when remembrances of Tí
the Civil war dead and the beauti-
,
■
i
ful custom of ..decoratipg their
graves with flags and flowers. In
MAIN AND GRANT STREETS
recent years the ■•' ■day» is becoming
noted as a day , for double-header
LEBANON. OREGON
baseball games.
The Fourth of July, as every
body knows, was established to com
We are now settled in our new building, and take pleasure in
morate the birth of our nation. The
extending an invitation to the public to call and inspect our11*
primary purpose was to install les ffi
sons of patriotism and love of
quarters where we have provided every facility for carrying
country in the hearts of the young
on the banking business.
and rising generations. It has de
Call any time between the hotirs of nine and three and we
generated into a day in which fire A
crackers and ice cream ana soda- '1 shall be glad to greet you.
water are the leading featurdb. Meh
forget the significence of the’day in It-»»'
their greed to chase down the al
KH
mighty dollar.
,
• /
a
While it is true that the wants of*
the people in the way of eatables’'
u
and drinkables should be supplied5
$225
to
$300.
Step
Starter,
Two-Speed,
by venders, such as their needs and1’
Double Control of your brake and clutch
desires demand, the days, especially8'
Memorial day should not be devotee?■
Fishing Tackle, Guns and Rifles
to games, racing, etc. The present’ •
tendency is to destroy that . reverJ ’
Bicycles and Bicycle Repairing
pnce for the veteran which wd”
Gymnasium, Athletic and Base Ball Supplies
should ‘feel. Our national birthday”
should inspire feelings of patriotism* ■’
and a determination to preserve the1
. ' T
true significence of this one «day Pf
HAUSER BROS., Props.
the year, to perpetuate the spirit
Albany
and to prove to the world tn at we
have a government of the people,
by the people, for the people and”
not that it is a day for fire crackers, '1
sports and money getting. Let ua1 ■
not forget the primal purpose of’ ‘
Manufacturers of all kind's of-*
these various holidays and Jobserve 5
them accordingly.
The Lebanon National Bank
1.
3
Harley Davidson Motorcycles
ALBANY GUN STORE
Mealey Bros. Mill Company
Rough and Dressed Douglas Fir Lumber
William G. Am OS
dentist ;
Well Seasoned Stock Constantly on Hand
th
Personal Attention .given to all Orders.
Main St. near Grant
Phone Independent 64,*
Lebanon
-
-
We Guarantee to give you Satisfaction
-I Oregon4
LOOK
LISTEN
READ
Timber and Agricultural Lands and
Mill Property for Sale
as
Befor you buy or construct a SILO
it will pay you to see H. .•«. Roloff.
Timber Lands Cruised'and Estimates made
on Standing Timber.
——I am agent for the——
FOSTER
WILLAMETTE SILO
-
.
. •
'J
The best built Silo or# the 'market,
because it is Built Right and
51:
of the best materials
ai
obtainable.
OREGON
Mountain Valley Saloon
ÏH
H. C. ROLOFF,
*
Waterloo, Oregopi i
DR. I. B. WILSON
Good Liquors, ¡Vines
and Beer
Physician and Surgeon
Calls promptly attended
day or night
It is our purpose to maintain a Firit Class
Drink Emporium and strictly obey
the mandates of the law
You are respectfun invited to call see ns
CORNISH & BAILEY
S weet H ome
O regon
SWEET HOME
OREGON