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About Tillamook headlight. (Tillamook, Or.) 1888-1934 | View Entire Issue (Aug. 29, 1895)
PACIFIC UNIVERSITY. Fall Term Begins Sept. 18, 1895. Tinea College Courses, Classical Scientific "'■‘I l.iter.ry. The Acad. p„. pure» for college anil gives a thorough English The sd1oo1-has: :^t,l‘,^ll're.....(ul TEACHING or BUSINESS. breadth «ud thoroughness o( ¡1« work. It llHh „ ; |,rhl’v "i 'l''’ a library of equipmentsfor mathematical .mil scientific wmk. mid fine l.n.l li ' '' and fine building, u*Hlurn improvements. The Marsh Hall j„st p,,.,I Ut a c^t ’L'L' ' ! " complete,| ut a cost o( $5(1,ooo ¡, n( th* finest college hnihlmgs oil the Pacific Coast U| ,.xu °"e —.... All expenses very |o ,m,l room« nt the Ladies' Hall $3.00 to $4.00 p.-r week, inelmlin-".)Lqr c-7' heBt. The College Dormitory, under excellent mansgenu-nt turn, i . ' “"d at $2.25 per week Bosrd in private Ian.ihes,8,Î X"“ m ’"‘' y Students rent rooms ami board themselves at a cost not to ,.,,-..,1 tl r„ ’ For full particular«*iiddrehi* THOS M’l l.El.L\.\l> h'sj.Vin Forent (îrove, Oregon. __________ ________________ 5 Sturgeon's patent IVJedicine^ and Druggist’s Notion^. <v A Fine Line of Jewelry Stationary, Books. Prescriptians Canfully Compoundad. T illamook , O regon . N ew APPLES 57 ÏE'HS inn »noce ) Pears, Nut Tress, and Novelties. STARR, the largest early apple, «2 inches around, and -'yjxT marketable first week in July I Paragon, Parlin and other apples. KOONCE <‘-ifly, hand Lincoln Coreless, very large :;nd very late. some and delicious. Seneca, .Japan Golden Russet, Vermont Beauty, et *. Also, »Japan Quince Columbia, unequaled for jelly. 1TVTS __ _ Parry’s Giant. 6 Jnches around, the largest known chest nut; Paragon, Numbo and many others. Walnuts—French, Persian, Japan, English and American. Pecans, Almonf.s, Filberts, Eleagtius T,ongipes. Japan Mayberries. Hardy Oranges, Dwarf Rocky Mountain Cherries, free froffi insects, black knots and other diseases Small fruits, grapes, < ui rants etc. Shade trees, ornamental shrubs. C ataj . ogue 1 iiek . WM BARRY Barry’ N Pomona NurHarias. J. L. W GL/1SER., The Barrel Maker..... •• Has* opened his shop here ag.iin, an I is ready to make Barrels, Kegs, Firkin«, Kits, Tubs, etc., at nio lern prices. All work warranto I first class. Tillamook, Or. c c ° LUM®®'-' Manufaciturzrs of and ---- «-------------—»Dealers in LUMBER BOXE£ J Dry Goals, Boots and Shoes, Hardware, Gr« eit< , Feed, Provisions, Etc. Special Attention to Orders in Jobbing Lots. STEAMER TRUCKEE Axe«t» far the <«"' '«‘""K s,ean'ir l r"'ke* c«m inv p«~..«er. »<«> freUht (row S.« Fr... cisco Tillamook «ml Portlsn<i- two week-, wether permini««< — R ates — <.bio.o<.ew»>(THI«'»'»k“"'1S Steerage ” Cabin. Round Trip. Preixht. general m<-rch»lldl«e. ' or Portloofi. »3 00 P»r ,o" J. E. SIBLEY, M‘"”er s,ore and destructive silverhoppers . BASIS OF COMMERCE In connection with the above state ment Mr. Atkinson presents the follow ing plan f irthe |uiynient of outstanding Tlie farmers in Kamas, Nebraska and notes and certificate«: other western states have in past years The forced loan nndi • tho Bland and suffered g .-atly from a plague of grass- Sherman acts exceeded $500,000,000, hoppe.-, which »vanned in millions deducting the silver dollar« ill eircul.i- oier ti e prairies, devouring hay, grain tion as sp-eie ami token <• ’i; ;e to and other crops. Wherever the greedy gether with the paid up i hen i in uotei, in.-A-ts came they brought desolation, this debt has beenredneed to $435,711',- mid many flourishing settlements were 400, against which the government owns completely ruined by the posts. With in silver to tho nominal value of $512,388,- creased cultivation the swarms gradual 750.47. The remainder of the Sherman ly diminished ami of late have done lit notes if presented would make a demand of $115,078,708. They could le funded tle harm. But another and worse foe to the by issue of $90,000,000 of 4 per cent farmer is abroad in the laud. Especially United States bonds at the present price in the south, west anil northwest there of 123 or 124 This would add «3,- But it I as sprung up a plague of silverhoppers 600,000 to interest charges. that threatens the destruction of our na- would give absolute stability to the re maining outstanding notes, both war and Bland issues. The amount of Bland silver certifi cates outstanding after the funding < f the Sherman notes would be $320,000.- 000, eecnred by $512,000,000 of ,-iln i iu the treasury. The market value of this silver would about cover the Bland eertlflcates, for the redemption of which in silver at market value authority may presently bo given by congress. When notes issued under the Shc-nmui act are presented and paid in coin tiny "Coin —Commerce wants a broader basis. arc paid notes. Their reissue is not man Uncle Sam—Certainly, the broader the better. datory under that act, only permissive “Coin”—Tl.ti yon agree we want more money? ill case the government should bo short Uncle Sam—My dear yonng friend, you don’t seem to know that tho basis of liionev to pay current expenses. if commerce is products. Money is only the apex. The revenue is now sufficient to meet w all current expenditures and will soon MORTON BURNS A HOTEL. be in excess; hence it follows that when BUSINESS MEN AND FREE COINAGE. tional prosperity, credit and honor. Sherman notes baveoneo been paid they These new pests would if unchecked cannot be lawfully re’.'H < <1. became by The Secretary of Agriculture Gives a 1G llow Doubling of Price?» Would Affect the to 1 Object Lesson. Salo of Goods. cauFe lhe country a greater loss iu oue such executive act a new loan or bor Secretary of Agriculture J. Sterling A large majority of the business men year than have the grasshoppers since rowing of money would ensue. of this country are opposed to free coin they fir. t appeared. They seek to estab Many of the Sherman notes arc doubt Morton not only has clear ideas about lish a financial policy which means the less in bank reserves. Tla y could be money, but he is ever ready with some age and the adoption of the silver stand repudiation of debts, the debasement of gatbeicd in Ly tho banks mid presented striking illustration or pat parable to ard. Butin a few states, outside of the our money and the adoption of the 50 for payment in gold. Thiswonld put mako his thoughts clear to others. On silver producing sectionsof the country, cent dollars whicli are the currency of some merchants have been led to favor July 23 he wrote the following letter: (lie banks < n a gold basis. It could be D ea it S ir —Returning from u small furlough the cheap money movement through a Mexico. With false an«l misleading nn<l< token at the rate of $10.000,000 promises of increased wealth, which per mouth. The gold needed world I find your letter. In it you state: “Money mistaken belief that free silver, by giv whether made of metals or paper, is merely they pretend would follow the enact rid er he retained from our own rapidly a fiction of the law. Tho commodity value of ing us more money, would increase the ment of a law for the free coinage of sil increasing product or from the gold tho material out of which money is coined or demand for all kinds of goods and thus creat- d is of no consequence in a currency.” add to the profits of manufacturers and. ver it 1G to 1, they try to delude tho vidting safe investments in Enrol«'. In Wyoming, Otoe oounty. Neb., there lives traders. Another reason for tho support farm« rs into supporting their schemes. a goo.l citizen who on tho field and in tho Mistaken Ide*, of Capital. Were they to I m » successful trade and in United States senate has b«*en a conspicuous by some business men of tho free coin dustry would be paralyzed, capital Honest men who 1. lieve in property figure, llo has in his time advocated nearly age schemo is their belief that the prices would be withdrawn from agriculture rights and the just payment of debts all kinds of money, including of course tho of all goods in stock would be doubled “poor man’s money,’’ meaning silv» r at 16 to and genera! business depression would would <’.i well to n it" the attacks on 1. And now he advertises for sale for cash in by the adoption of tho silver standard. That free silver would bring a busi fo!L)w. Tho only safeguard against the "capital" v,!ii< h are Midi u prominent hand to the highest bidder a half mile squaro threatened flauger is to vote down the I-aturo in the free coinage press and of his largo domains. Many thrifty citizens of doss boom, which would encourage in Otoe county arrive at the Hotel Wyoming the lPpUilia’ors and elect only men pledged i terature. Capital is denounced as u night before the Bale to be < n hand win n the dustry and make the country more pros lobberof industry, and the people are bidding begins at 8 o’clock next morning. perous, is a favorite assertion of the sil to suppoit honest money. i.rgcd to vote for cheap dollars as a During tlm night the hotel is burned to tho verites. But they never attempt to show 1 of injuring the oppressive cap- ground. Sixteen of tho would bo purchasers, how this would be done, or how the each having 1,000 silver dollars melted in tho Workingmen may not have time to ital st. To an,-one who knows what conflagration so that tho Goddess of Liberty consumption of goods of all kinds upon study carefully the various cheap money capital really is—^hat is, wealth saved and “In God we trust” are erased and swal which the volume of exchanges depends schemes of the silvcrites, greenbackers, for the purp.se f aiding to produce lowed up in ragged chunks of bullion, awake would be stimulated by the doubling of find that tho commodity value of money is prices, or by stamping “one dollar” on etc., but there is no reason why they more wealth—these denunciations are to of consequenc» . For, placing their bullion of should be deluded into voting for any extremely silly. Of itself capital is an silver on tho market, they find it worth only all the eilver bullion in tho country. of them. So far the 50 cent dollar or inert tiling and cun do nothing without 66 cents, whereas they Isiuglit it at a mint People do not eat, drink or wear money the flat no cent dollar have not made human labor and natural resources. In value,with labor and labor's products, at $1.29 If there were large stores of silver del an ounce. Sixt«on thousand dollars of silver many converts among the laboring the form of money its only use in pro coin accidentally melted into bullion brings lars instead < f bullion, trade and indus try would not in any way be increased, classes, but it is likely that in lite next duction is to purchase real capital— its owners less than $8,000. But there was also one would be purchaser while it is certain that the immediate national campaign a special effort will buildings, machinery, raw materials, bad un ited in that same fire $1,600 of gold result of doubling prices by the silver be made to induce workingmen to vote etc —for giving men work, and thus who coin, so that the goddess and “In God we for the silver standard. To all appeals adding to the general welfare. If u man trust’’ were lost to view in a lump of yellow standard woubl be a great falling off in for such support the intelligent work has a right to own that which he pro bullion without a single sign of governmental the demand for good«, since the work ingmen of the country would find thei- men should ask this question, "Is it not duces, he must have a right to the cap stamp tin reupon. And this < ne who held gold finds that the a fact beyond dispute that in every ital which he saves. If he has a right commodity value of liis bull! :i is nearly if wages buying only half as much as on country of the world which has the gold to own $100, he has an equal right to net quite equal to that stamped upon it as the gold standard. If the business man standard wages tire higher than in the $1,000 or $1,000,000, so long as ha coin Ly the United States mint. He lias learn who has been attracted by tho spccioin cd at least that tho bullion value and tho mint promises of the siiverites will reflect for countries which are on a i.ihor basis?” honestly earns it. value <,f gold tr** very much the «ame, and a moment, he will see that instead < f there therefor© gold is by fur the l>est metallic encouraging trade the effect of doubling money. TRUE STATEMENT OF THE NATIONAL DEBT, JUNE 86. 181». It is safe t i wagi r 16 to 1 that th«- gold coin prices would be to cause people to buV Bonds bearing interest—mostly war debt.................................. •716,202,060 00 owner* feels l.i time n uh much consolation when less goods. Doe« he want that kind Cf 1,751.500 26 Bonds on which interest has ceased.......».................................... selling in bullion hi.s gold thousand dollars as Duo for redemption of bank note« on which bonds have been » docs any one of tho other st lling his thousand “free silver pr< sperity?” 26,859,480 00 It is true that the price of goods iu surrendered............................................................................... dollars of filv< r reduced to bullion. And the 54,847 50 Old demand notes not legal tender of 1861-2 not yet presented poor man’s best money is that wlii< h loses stock would be increase«!, but this would Fractional currency of the war issue not yet presented (prob least in value when by tiro < r otherwise it be merely a temporary benefit, and the 6.894,117 49 ably mostly lost)....’................................................................ loses tho stamp of the government. United States notes ( greenbacks )................................................. 846,«¡81,016 00 And if at that fire Homo flat money advocate loss to merchants through th«* payment Current liabilities incurred in the conduct of the govern lost n few thousand puper promises to pay dol of all outstanding account« in 50 cent ment, disbursing officers’ balances, etc................................ 86,613,039 95 lars he also will rise up and dispute the pop dollar« wonhl far outweigh the slight •1,133,526.790 20 ular fallacy that “money is a mere fiction of Gross debt aside from obligations of Bland and Sherman acts Available cash assets in the treasury— tlio law” and ve hemently denounce the vagary gain in that direction. So that in this •99,147,918 00 that “a commodity value in money is unnec case also free coinage would ho a posi Gold coin. 50,740,017 77 essary and uselt-HS.” Gold bars. tive injury. And the panic which would Gold and silver were money Isifore any law inevitably follow such a financial up *135.HKf.1c<l 4« made them so— b< fore any government coined L crs gold certificates ot deposit outstanding.... 4H,»H1,.W 00 them or any mint stamp» d them. And then heaval a« the change from tin* gold to each was valued by the demand for each, and the silver standard would bring wide Net gold................................................................... now also the r lation of tho supply of gold to spread ruin and disaster. United States legal tender notea of 18B2-3 (green tho demand for gold regulate*« its value. And backs), which under a fiction ot law are kept the relation <»f the supply of silver to the de in forced circulation as "lawful money". 181,571.MO 39 SILVLR AND SAVINGS BANKS. mand for silver regulates itH value. Less certificates outstanding................................. 55,405,000 00 But yon further *<ay that the government, 26,133,560 30 Free Coinage Would Have the Effect of not taking »ilv« r for coinage ut 16 to 1, has de Deposits in national banks and other current funds................ 21,546,610 14 Wiping Out One-half the Ih-ponits. 155,225,532 90 stroyed the demand for silver. Total available cash ........................................................ ......... In a government like ours, which as un en Ni t debt except the forced loan ini-urn-d for the purchase of A tailor who should insist on his cus *078,801,367 21 tity is simply “all of us,’’ there can be no de tomer ticcepting a suit of clothes worth silver........................ .......................... . ..................................... mand » rented either for silver or anything «-Ise Population in round figures, 70,000.000. except tho* integral parts of the composite only half iw much us the one paid for Lawful debt per head, a fraction under 114. evolve that d niand. Only the people of the would be considered either a fool or a Additional debt <lu<- <*n demand incurred by the collection United Stat« s by their generally expres s'd de of a forced loan unib-r the Bland anil Sherman a<-ts for tho sire for a thing ran er« ate a demand for it. rogue. '1 ho agitators for a debased cur purchase of silver bullion— rency which would jwrniit debtor« to Yours faithfully, J. S terling M orton . $828.894,804 00 Forced loan under the Bland act........................................... pay their creditor« in dollars worth one- 9,182.752 0U Less certificates in treasury.......................................................... 319,781,752 00 Sixteen to Ono Twiddle Twaddle. half of those they borrowed need not 146.U88.4U0 00 Forced loun under th" Sherman act........... . ............................. The people are 1>< ginning to m « that complain if plain people use plain lair Less notes in the treasury which have I«- -n paid and which the free silver coiners are not basing guago in speaking of their scheme. The cannot lie lawfully used again for the colli-ctlon of a new loan for which there is no specific act of congress............ 80.109,392 00 their nssertions upon facts, nor do they siiverites claim they are being unfairly 116,978,708 00 employ any sound logic. The phrases, »bust'd when they are called dishonest or $485,710.466 00 “dollars of our fathers,” “money of repndiators. A single illustration will Net forced loan unpaid........ ......................................................... A little over *0 per head, The bullion purchased cost a fraction under $1 per ounce and tho coiiftitntion, ” “crime of ’78,” to show whether they are not correctly de ia now worth about 68 cent«. gether with anarchistic denunciation of scribed. RECAPITULATION. the “bankers, ” “money lenders, ” "Wall There are in the various saving street sharks," etc., constitute their en banks of this country deposits amount War debt and fundi nit portion of «b-mand note* paid out for •978,301,2» 21 tiro stock in trade. And by means of ing to $1,980,744,000. This large sum Mlver, 1« mh availabl«* <*a«h. mowtly due on time................... Demand debt under Bland and Sherman acts for which there 436.T10.4ff» 00 sui'h twiddle twaddle they expect to de repr«*sent« the little savings of years by in no available ca«h in the tn-anury...................................... stroy bimetallism and degrade this working men and women, small busi Total debts in ex«*eHM of availabl«* caah—alx»nt half du«* on •1,414,011,717 21 country to a single silver standard. — ness men and farmers. On the passage time and about half on demand.............................................. Within a fraction of $‘AJ per head. of a free coinage law these deposits Jeffersou City ( Mo.) Courier. Unavailable a**ete which under a fl<-tion of law th * w»cre- would be payable insilvi r dollars worth tary of the treasury ia oblig'd to « .unt an ranh naMet-.— Will Catcl, It Worat. only 50 cents and having a purchasing Silver dollars................................................................................... $871. W. 057 W Th« wage earner, the laborer and th» power one half less than our pro» nt Subsidiary silver coin..................................................................... l«i.5fr.’.M4 91 Silver bullion at coat.......................................... ....... .................... 121.4». . »I » .71 51*2. HA, 750 47 salaried man should he teeth and to« dollar. As the banks k»» p very little nail against free silver because the ruoney on hand they would not be able Net debt OH the aecretary <>f th»* treasury is oblig-il to r jx»rt it by counting unavailable aHaets aa <*a«h....................... amount they receive will not lie in to pay their depositors in gold, even Computed from the official atatement. creased while the prices of living will though they wisherl, as their loans would EDWARD ATKINHON. go up. They are much worse off t han the be payable in silver, and of course their Boston, July 4. merchants and the farmer. Their wages debtors would pay in the »heap dollars. are not flexible. Salaries cannot be ad The result would infallibly be that one- yt>.. justed at once. It takes time. Mean half of the entire savings bank defsjsits while they must work at starvation of the country would be wiped out, BßWASH practically stolen from their owners ami rates and pay inflation prices. <f Imitation given to those who had borr»»wed them. trade mtrlto Chiefly Lung*. Would not this be dishonest? Is it not end labels. “Where nr* the brains?” asked the simple repudiation? And, if so, what king of Mbwpka. are the men who advocate it? “Please, your majesty,” explain«-*! Mllver Mat«« lioftrillnff Gohl. the chef, “he hadn't any. This is the man who could not talk about anything Silver states <lo not seem to hav« any but 10 to 1, your highness may be prejudice agailMt gold in canying on ph ¡tNi'd to n-memls-r I think his brains th' ir own flnunoial nffairs. Utah bank* bad all run to whiskers.” hold twentyone times us mnch gold e- The explanation seemed plausible.— ■ilver, Arizona banks nine times : Indianapoli- Journal. much, Tho Colorado banks po <■ « <o-i . Costs no more than inferior package soda— »3 ,000,000 in gold »nd only on** t»nih IX>w*t Show Tbelr Diploma«. »f the amount in «liver. \\ liil«» thin never spoils the flour, keeps soft, and is uni. Graduates from "Coin’s Financial nininently judiciou« it i« not cmidubiv« versally acknowledged purest in the world. School” are ito ashamed < f it that th- j n*iiH*jn for piling up » ni<rantuin < f « L huve quit showing their diploma rer in the Unitel Stat*•« tn rrv Made only by CHURCH A CO., New York. an It«.—St. Louin Globe* Democrat. Pari» (Tex. ) Newa. 6cl4 >y rrocer« rverywWt. A Plague That Threaten, to 11« W otm Thiiu the Griui««hupper. . ......... °re<’°" Insist on ARA\ AHP HAMS WA in packages Writ-« for Ann sad FUmmwr Book of raJnabl* RoeitMW—HlEK, Frincipol Office, 149. Berry »• »'• ” Tr"rkr* ' —Allwl
