"ftf
MARSH LANDS
50 FIR CENT. VEGETABLE MATTER.;
OREGON'S RICHEST SOU. ABEL ADY
:KLAMATirS
THE EVENING HERALD
lesaed Dally Bseept aaaday, at 115 8. FouHk St., by tta
HERALD PUBLISHING COMPANY
W. O. SMITH, Editor
OBflORIPTION
,bi auU, eae year
ally, fcy aaett, alt BMetbs
Dally, fcy mall, tart aeatb t
Dally, by audi, om atoalk. .'
Dally, delivered ky carrier, eat week.
RATRI:
.18.00
. 1.60
. 1.15
It
IS
KLAMATH VALUi, OREGON', THl'RSOAV, JtXY SB, 1010
COSTSWKYT0RWACIIY
MVMCIPAUT1EM FAYING
HIQHKR 1XTKRROT
MICH
ttteady Wee 1" Tlr Ratea Hhovro
la the Oassu Barcea'a An-
owl Resect
The ratea of Intaraat clttea are pay
lag on tbalr outstanding debt oblige
' tloaa are ataadlly rising. It la pointed
out la the cenaua bureau's annual re
port for 1908 on the statistics of the
15 cities In the United States which
had eaeh an estimated population of
30,000 and more la 1908.
The report states that the rate for
all the clUes combined was S.8S per
cant In ltOC, 3.88 per cent In 1907.
and 3.91 per cent In 1908. For cities
of 300,000 population and over the
rata tor 1906 was 3.68 per cent, for
1907 It waa 3.7S per cent, and for
1908 It waa 3.79 par cent..
The highest average rates of Inter
eat for dtlee or dlferent sites were:
300,000 population and or, San
Francisco, 4.B par cent: 100,000 to
300,000, Dearer, 5.6 per cent: SO,
000 to 100,000, Taeoaw, 5.6 per cent;
39,000 to 50,000. Birmingham. 5.6
par ceat.
The correapoadlng lowest
rata -ware: 300,000 population and
orer, Waahlagtoa. D. C, 3.33 par
ceat: 160.000 to 300,000, Providence.
Rochester aad Hartford, 3.6 par
cent: 50.000 to 1000.000. SprlngSeld.
Use., HarrUburg, aad Holyoke, 3.8
par ceat; aad 30,000 to 50,000, El
mlra, 3.6 par ceat.
The precedlag ratea are paid by
tba cities oa tba face Talue of tbelr
outataadlag debt obligations, aad do
aet la any accurate maaaer measure
the aetaal ratea of Interest tbat dtlee
bare to pay on their loana at the pres
eat time.
Xet Interest Rates
" A new feature of the report Is a
table showing the net or actual rates
of Interest that dtlsa had to pay for
the use of money on their fuadad
debt or long-term bonds Issued dor
lag the tscal year 1908. These ratea
bars been computod from bond Ublea
In a method familiar to all beaker.
eoaalderatloB being taken of tke pre
miums or dlaeoauu received or paid
by tba dtlee aad of tka length of time
tkat the bonds bars to raa. Darlag
Ue year 137 of the 111 aKJaa of
over 30,000 popuUUoa aoM to tka
public 1S7.0I4.SSI boade, oa which
tkey recs4Ted 86.336.651 la pre
mluma aad paid 8484,466 la dis
counts. Only 11 cities are reported
aa baring sold bonds at a discount,
moat of these belag In tke eoutkern
. autaa. The nst rates, aa determined
from the bond Ublea, differ mater
tally for many dtlee from the average
ratea boras by the toUl amonut of
fuadad debt outaUnding at the doss
of the ysar for theaa dtlee. Thus tba
average rate borne by the outaUad
lac boada of Seattle la 4.6 per eaat,
bat during tke year 1908 that city
eotd to tke public $1,000,009 boada
to rua for twenty years at a ant rats
of S.87 par cent. The average rate
borne by the outstanding bonds of
tba city of New York Is 3.6 per ceat,
bat during the year New York City
said to the public $66,000,000 or
beads on which It will pay until ma
turity a net rate of 4.19 per cant.
Credit tUtlag of Use Cltlao
As iBdleated by tba net Interest
rats column, tba cities of orer 800,
009 population with the beat credit
rating were: Detroit, 3.37 per cent;
Boston, 3.64 per cent, and Philadel
phia, 3.79 per ceat. The cities or
from 100,000 to 800,000, with a klgh
credit rating ware: Indianapolis,
3.49 par cent; Cambridge, 3.56 per
ceat: Worcester, 3.69 par cant, and
rail River. 3.79 per cent. Cities of
lee taaa leo.eee popuistion with a
aJflk credit rating wars: Somarrille,
3.19 per seat; Lawrence, 3,61 par
eat; TaaatM, S.6S par cent; Salem,
S.tf par asat; Helyoke, 3.7S par cent;
BsBfhamtoa, S.7S par eaat, and
fsktoa aad Newton, each S.7S par
lilchcil averago net rates were: San
Francisco, 4.30 per cent, and New
York City, 4.19 per cent. Cities of
from 100,000 to 300,000 population
with the highest net ratea were: Los
Angeles. 4.49 per cant: Memphis.
4.34 per cent, and Jersey City and
Omaha, 4.37 per cent. Cities of un
der 100,000 population which had to
pay the highest rates for the use of
money were: Little Rock. 5.39 per
cent; Knoxvlllo, 5.04 per cent; Mo
bile, 5.03 per cent: 8an Antonio, Bir
mingham and Bprlngaelt, III., r. per
cent; Bay City. 4.96 per cent, and
Wichita, 4.71 per cent.
It Is seen that Detroit, tndlanapolls
nnd most of the Maesachu.-.ett cities
can borrow money on cxtrttioly fav
orable terms, while moat of tie fiuth
orn cities. New York City, and ot'icr
have to pay materially higher rate.
The length of time that bonds hive
to run has some effect upon tho raies
of Interest tbat cities have to pay ttr
the uso of money.
Among other factors that deter
mine that rate may be mention1, n
small net debt. Detroit had the
smallest per capita net debt of any
city of orer 300,000 Inhabitants, nnd
Indianapolis had the smallest of cltlee
of from 100,000 to 300,000 poptllo
tlon. Each of theae cities sold their
bonds on the most favorable terms of
any cities of their respective groups.
The table also shows tho net rate
of Interest that cities pay upon their
long-term bonds sold to their sink
ing and other city funda. New York
City sold to lu funds during the year
more than 117,000,000 bonds on
which It will pay a act Interest rate
of 3.01 per cent until maturity, thla
rato comparing with a net rate ot
4.19 per cent paid to tho public.
Baltimore also borrowed from It
funda at a net interest rate of 3.65
per cent compared with a rate ot 3.95
per cent paid to the public. The net
ratea paid dty funda in the dtles cf
Ohio and Massachusetts wars con
slderably higher than those paid to)
the public.
The dtles with the Urgeat dot
caplU payments ot Interest oa city
deft are: Boston, $6.67; New York.
$6.36; Pusblo, $6.31; Montgomery,
$4.97. and Cincinnati, $4.76.
wm mm m
FAMOUS PRINCIPLE MADE TO FIT
MANY SITUATIONS
Reccat nejlosnatlc , Controversies
Brings the QaeeUoB) Proaai
' neatly Into View
frS.
Otties ( over $00,000 wltk the
United Press Service.
WASHINGTON, D. C, July 38.
Recent diplomatic dcvelopmeaU aad
International discussions Involving
tho attitude of European powers
especially Gormany toward NIc
ragua have brought the Monroe doc
trine Into the world'a apot light again
and the Impression Is strong that it
will soon be given a new application.
The Monroe doctrine la aa elastic
diplomatic garment not so elastic
aa the popular Imagination deplcU It,
but capable of ao much straUhlag,
when occasion demands, that It will
Ot a multitude of situations, however
different. There haa not been an ad
ministration since ita Inception In
which this guiding principle baa not
been hauled out or lu historic re
cesses to do aervlce In connection
with ono dlBeuIty or aaother, aad In
dications are tkat President Taft'a
administration will be no exception
to this rule.
Tho Monroe doctrine la already
tpoken of as a most aultable diplo
matic habiliment to enfold tho Inter
national eyesore, Into which the cbaoa
or Nicaragua la fast developing, while
the united sutes restores order aad
sets the struggling republic oa Its
feet again. Agltatloa has already be
gun, too, In the Pan-American con
ference on the part of tbo Latin
American governments, which ows
much of tbelr deveispmsat to Ita ex
lstoBce, to make tke doctrine now
merely a declaration or the United
auaise a guiaug pnaefaie tor Ue
entire weaUrn hemisphere. Suck a plaes ai a world power aad the Amer
political profession ot faith would
mark a new era tor the two Americas,
There la little doubt that the Mon
roe doctrine ot the present day con
tains much that was not, contemplated
by the president who first gave It
formal expression. Each administra
tion, In a crisis haa tacked a new
meaning on It or stretched an old
meaning to greater lengths until It
has become a coat of many colors,
but none the less a stout garment,
nnd showing no signs of wear.
President Monroe, In his massage
of December 3, 183$, said:
"The occasion has been Judged
proper for asserting aa a principle
In which the rights and Interests of
the United States aro Involved, that
the American continents, by the free
and Independent conditions which
they have assumed and maintain, are
henceforth not to ho considered as
subjeds .for future colonltatlon by
any European powers. We owe It.
therefore, to candor, and to the amic
able relations existing between tho
Unlti-d flutes and those powers, to
declare that we ahould consider any
attempt on their part to extend their
system to any portion of this hemi
sphere aa dangerous to our peace and
safety. With the existing colonies or
dependenclea of any European power
we have not Interfered and shall not
Interfere. Bnt with the governments
who have declared their Independ
ence and maintained It, and whose In
dependence we have, on great consid
eration and on principles, acknowl
edged, we could not view any Inter
position for the purpose of oppress
ing them, or In controlling In any
other manner their destiny, by any
European power, or In any other light
than aa tho manifestation of an un
friendly disposition toward the
United States."
Briefly the Monroe doctrine, a so
uttered, declared against the Inter
position ot European powers In the
affairs of the American aUtes, the
particular kin of Interposition being
tbat undertaken for tbo purpose of
controlling their political affairs and
ot extending to this hemisphere the
system in operation on the continent
of Europe.
Out of the Monroe doctrine Lula M.
Drago, Argentine minister of foreign
affairs, evolved tho now tamoua Drago
doctrine, declaring tbat "the public
debt cannot occasion armed Interven
tion or even tho actual occupation of
the territory of American nations by
a European power." This naturally
led to another question. If the United
States expressly declared against the
occupation of American territory by
a European1' power, who Is going to
take the matter In charge when a
country, much the same aa Nicaragua
now finds herself, persists In aucb a
course tbat tbero Is no prospect that
ita debts will ever be paid or Ita Just
International obligations fulfilled?
President Roosevelt, In answer o
this, tacked on another patch to the
Monroe doctrine, giving expression
to the function of "police power" to
bo exercised by the United States In
such contingencies.
"Chronic wrongdoing," he aald In
his message of December 6, 1904, ''or
an impotence which reaulta In a gen
eral loosening ot the Ilea of civilised
society, may In America, as else
where, ultimately require Interven
tion by some civilised nation, aad la
the Western hemisphere tba adher
ence or the United SHatea to tke Mon
roe doctrine, may force tbe United
SUtes, however reluctantly, la Sag
rant cases of auch wrongdoing or Im
potence, to tbe exercise or an Inter
national police power."
It may be for President TaCt, In
dealing with tbe Nlcaraguan situa
tion, to formulate still another phase-
or the Monroe doctrine, which baa
not yet como into view In the diplo
matic experiences of tho United
SUtes.
Although Present Monroe'a namo
In ntUched to the doctrine, tbe princi
ple underlying It goes farther back,
oen to tbe beginning of tbe United
States. Washington, In bla farewell
address, declared tbat tbe policy" of
tbe United SUtes waa to avoid en
tangling alliances with European
powers. Tbe republican form of gov
ernment waa, in contradistinction to
the monarchical form prevailing in
Europe, an Ideal for which the olo
ulsta had fought and to whlcn tt,y
were passionately attacked Any
thing threatening tbat Ideal was to
bo looked upon aa a foe.
When, therefore the Holy alliance
was formed or the foremost European
powers, with the exception of Oreat
Britain, the fledgling republic held
aloof with somo suspicion of IU pur
pose; and when the alliance threat
ened to support Spain In malnUlnlng
its grasp upon IU American colonies,
which were fast slipping through her
Angers, tbe occasion for the declara
tion of the Monroe doctrine arose
though the sentiment underlying it
bad developed long before.
With that declaration tbe effort or
Burope to domlnaU the world was
curtailed. The United SUtes took IU
GREATEST
aaamaaawaawanBjajRnBsasspssnwBww
lean Ideal ot government, as dlstln
Kitlshctl from that of Europe, its
BARGAINS AT S2S PER
isewappwsww"
ACRE AND
UPWARDS
PHONE
303
EASY TERMS
united Its sphere of control,
A similarly momentous change. In
ovllably will lake place In the Orient
when China rises to assert her Indi
viduality, The world wilt then be
dominated by those spheres of diplo
matic Influence European, the
American and the Far Eastern. The
last undoubtedly being under the In
fluence and, guidance or Chlnu nnd
Japan. Tho Monroe doctrine Is the
political gospel of the Western hemi
sphere. That of the Far Eastern Is
yet to be enunciated.
ONE MAN IH KILLED IN A RIOT
Aaother Good Restaurant
In gotMl loentatn on Main street, do
ing large business, ami one of the
heat paying propositions In the rlty,
(leaving 'WHO l 0O dollar per
mouth. Yon Mill have to ucl quirk.
See fieo. II. Hire, with Chileotr, rtMce
adjoining American hotel. Phone (Ml.
PLASTERING
It you want the right man at the
right time nnd nl the right price get
JIIDMAH lo to )mir plsslerlng. All
u'otk guaranteed to be first clnri
lie.: MUls Addition. Phou AM
Four Other Am Seriously Injured
When Striker Attack Workmen
United Press Service.
NEW YORK. July 2S. An mi
Identified man was killed, three were
fatally wounded and one was seri
ously shot, while a score were beaten
In a riot at the sugar trust pier In
Brooklyn. A largo force of special
pollen wero guarding the strike break
ere when 800 stricken attacked them.
BICYCLES
For an up-to-date wheel
get a Rambler, on sale at
The Gun Store. Tents and
Guns for sale or for rent.
We carry a full line of
Sporting Goods
THE GUN STORE
J. R. CSMMEimS
I'lMMie OM Jacob Hlk.
MSMMMS99 99999MMM999MMM9M999 9M999MMM;
The Prestige You Gain
By having an nreoaat In aarti aii Institution a the FIRST TRl'HT
RAVINGS HANK ran never In- overestimated. : I : : :
Not only rioea It facilitate your huslaru, lint the additional poner
enjoyed In a orial way la something in be reckoned with. Mniall
account are made Jul as welcome ns Urge one nd n citnwn
ntlte and evprrieaerd directorate Is ready at all time lit advise
you nai matter MaanrUI. t t t s t t t t t t
First Trust and Savings Bank
KLAMATH KALLH, ORE.
96eoe99eooeoeoee6eeooeeef seeeeoeeeoeeesi
They Reach
the People
The lYenlng Herald and the Klam
ath Republican are the only papera
In Klamath County reaching the
people. -They hare the circulation
juat what the bualneie man who
adrertlaeewanta. Thereaderaof
theae papera buy their fooda at
home, and If you want to aell to
them you ahould ad? ertlae In the
Evening Herald
(aad the:
Klamath Republican
H. RABBia
WM. WAGNUt
Home Realty Co.
"THE FARM SPECIALISTS"
Phone 811
525 Main at., near 6th
HKMT IN KLAMATH COItNTY
So, iirn acres; very near t mile Lost River
from A now heuse: partly cleared aad In crop;
i'oIIiIiik finer In the country.
I'AIIM LAMM AMI MTOCK HANCIIKM
,o, Imo ncies U miles southeast ot Midland.
f. itcrts In sagebrmh, 3' nrros under illtcti, ,'
ncrenVit cultivation, Produced XI bushels of wheat
tn the arte last jear let ins. 1'er aero., . .gtMMHi
i So. U KO-arre homestead relinquishment, II'
tnlleH out; aooil house, large ham, windmill; ic
ni'N'H In potatoes nKd leant. All for....SI,gOO,fM
,. a ton nrreu H miles from Klamath Kails; ion
ntrmt lu crop; 3.oom house, good barn aad out
buildings; li mile from school and I miles from
church; 4 mile from Midland. With crop, $6
per nrre; without crop, per acre .....6)48.00
Xo. 4 1C0 xr.rei n ISto Valley, 80 tulles from
Kliimnth Kails, tt miles from school; mnall hoime
nnd barn; 60 nrret cleared. Terms: $1000 rash,
balance H per cent. Per acre..,,, , ,.. ,. , gld.uo
. ft Id acre with 45 rods of Kwauna UUr
uato fronl; 30 aeies of reclaimed Tuln land; 3f.
,icrt under tlo eminent svsteni: mnall house and
barn; good well Term. Per aero ... .bao.imi
No, a 393 mre. 117 acre meadow, f.O nrreu
Ullitbln and Ufi acres limber; M miles from Klam
ath Kails; Iioiko & rooms, larjto bnrn: fine hIimI
proolllon. Terms: $3,n00 rash, balance S per
tent .. m .. b.inmmn:
.Vol 7 mo acres, HI miles from Klamath Kails
nmt 3 mile from Midland: 90 acres in cultivatien:
small noue ami barn; good well: all fenced; lie
acres under iiomniiiont canal. Price, 13 f per acre,
term, "er acre .. .
No. h iao acres, Mgobrusu; 40 acres under the
ditch; corner of county road; cleae to school beuse:
I rallft from rlty: terms. Per acre ........6stT34i
No. U 330 acres, all under tbe ditch; I mile
oil; all In ssRclirimh; fine soil; main couaty read:
ullli lunchlnre: nllb stock, per acre, .. .. S4e.eJ
, i4 mo acres mar Merrill; over 190 acres
under tbe ditch; bouse, barn, wel, fenced; la crep:
term'. Per srre , Saaw.so
No. II 3S0 nrrri, 1 7b under cultivatien: all
.il-ovo dlirb, till uniW fenro; 3 4 miles from Klani
utli KalU: 4-vMii luiiise, large ham. 3 well, Terms
f.'.nno rah, balance 7 ler rent. Per nrre .B9TMM1
'n, in r,o nrre 7 miles from Klamath Kails, on
lkovlow read: 3 mile from Olene. good houso
nnd barn; place was homesteaded 30 years ago;
well Improved In every renpeet. Per acre....StT,im
No. 1.1 l.S,73 acres, all In sagebrush eieept
about 10 nrres In pine limber: 130 acre fenced:
inti-lrrlKMIon: 13 miles from Klamath Kails and 3
ine f i om Olene. Term. Per nrre, .sH-l.tNi
No. II- Ml arren 9 miles from Klstnaln in
nil under dllch and In cultivation; well Improved;
liood limine, good barn, windmill, etc, Kvcepllon
ally good properly. Terms. Per acre , ..BTO.O"
No. 1.1 SO nrreu on Unt lllvcr. 13 miles from
Klumalli KnIW: tin nrres under ditch: nil cleared
ii iit In cultivation; under fence. No belter noil In
Klamath basin. IV run: ll.f'00 rmli, balance K per
rent. Per aero . . , sVMMMl
The nlMitt l only u mrlUI lUt of the man)
fiirru and rnmhe tin bate for sale. If It l good,
( have It,
A limit: (III AN INVHHTMKVT
Ncm, modern, lroom, pantr), cloicl, bathroom;
plumbed complete, tub, toilet, lavatory; hot water
In klarlio:,: piamcred; Hire coats oj paint; perfect
Interior finish; doiiblo floor; flno location; splendid
view. Not bine better In the rlty for quality or price.
Terms or cnih.. . ..asjjpmi
I'lTY riKIPKHTV IMI'ltOVKIt
No, I 8li large lots, fine new house, new bam
two large new hen houses, fruit Irres, modern lt
prnvemonts. all for Utile inoro than cost of build,
ings; Kalrvlcw Addition ...$BMM.ei
No. B Lot 00x50 In Kalrvlew Additien: new
3 -room house, rlty water. Terms f 7AO.ini
No, 7 Crooni hoiue In Nichols Addition; largo
lot; good, location. A splendid Investment.
Terms , , fl.BM.tMI
No, H Kino 5. room bungalow on Pine ftreet;
iiovv cud modem In in cry respect, One of tbe best
buyj In city. Terms ! M.aSS nr
No, 16 foci on Main Htrret; frame building,
rontod for $60 per month. Terms B4.wtM.iM)
No. 10 6-room House on California Avoho
Excellent home; home new and on car line.
Terms , , , 0,4hM.Mf
If yoa ilo not mv II imi this list, ask"abettl II.
Wo havn II.
HOME REALTY GO.
Auctioneera Get Our Term
'THE RED FRONT0
MM
Dos J. KoNWAir,
President
Abetractiitg
Msfj, fleas, aUasftlBtg, Etc.
K. M. Beau,
Vfee-Pres, and Tress
I
Klamath County Abstract Co.
Swtyora aa) Irrlfjatloi. bfPaatn
tiMkv S HiTHaow, SeereUrv
Klaaath fallf, Orttfoa
t.