Tillamook headlight., October 31, 1907, Image 3

TILLAMOOK HEADLIGHT, OCTOBER 31, 1Ô07
I
"I am not responsible for what we find, nor for the dishonest acts of dishonest financiers. I have simply turned on the light. "—Roosevelt.
Absolutely Everytning
in the House
Drastically REDUCED
during this Sale.
Don’t Mistake the
Place.
Come to HALTOM’S,
Next to the P. O.
MOVE ON !
CLEAR THE COURSE !
For the Most Stupendous Bargain
Carnival of Modern Tinies.
THE MASTADONTIC MILL AND FACTORY SALE OF NEW AND SEA­
SONABLE MERCHANDISE for Men's, Women's and Children's Wear—Fabrics,
Shoes, Home-fittings—in short, everything needed by the family for personal wear
and household use.
$50,000Worth
of
this
Season
’
s
Merchandise
Direct from Leading Eastern Mills and Factories at Less than Cost to the Makers.
The unexampled prosperity of the Country for the past year has led to unprecedented overproduction by
manufacturers. Banks have extended foolish and unlimited credit and thousands of producers have over-reached in
their production. NO LESS THAN THREE THOUSAND MILLIONS OF DOLLARS WORTH OF GOODS LIE PILED UP IN THE
store - houses of A merican factories and mills . The product has been “ pumped in" while money was “easy” and
producers were fairly drunken with* the dizziness of fleecy “ prosperity.” And now the balloon descends—money
lias. “ tightened” banks will loan no more cash on ‘ wind,” and the money represented by the overproduction of
prosperous times must now be “ milked out.” Profits have gone glimmering—even cost on goods must now be
ignored— money must be raised at once on MERCHANDISE collateral ? The Mills and Factories have the goods
and MUST SELL?
A Syndicate has been formed to raise money at once, by a number of leading mills and factories,
on their products. Goods have been shipped into many western towns and, scities elling agents appointed, and
orders given to raise what money they can—quickly—on the merchandise.
4
$50,000 WORTH IS IN TILLAMOOK TO-DAY!
And the Selling Agent is Here with the Goods. He has selected
Haltom’s Department Store
For THE GIGANTIC SALE which will open
SATURDAY, Nov. 2, at 9 a.m
NEXT DOOR TO THE
POST OFFICE.
■
THE SALE OF THE CENTURY!!
The most Stupendous Saving Opportunity of a Lifetime.
No use attempting to quote prices here—enuf to say, lower than ever heard of before—}, 1 to i the prices
other merchants must ask. It would be suicidal for any dealer to attempt to compete during this Great Sale—one
might as well try to lift himself in a basket—or bv his own bootstraps—as to match such sensational values. Re­
member the date. Saturday, Nov. 2.
During this Sale absolutely everything in the House Stands Reduced !
Sale in Tillamook for a few days only.
Extra Salespeople, cashiers and wrappers wauted. Apply Saturday to the Manager.
STORE CLOSED FRIDAY TO ARRANGE THE GOODS.
EGON BANKS CLOSE» FIVE (
Whereas, as a result of th« action of
By the Governor.
th’r plan of resuming bii»iiie«s.
The ALL WORK STOPPED ON
F. W. B enson , Secretary of State.
PAYS.
anil Eastern banks it is impossible for
bankers met early in the forenoon, nnd
THE P. R. 8c N ROAD.
against 4 p.m
At the latter meeting j
--------------
the banks of Oregon to continue’in the
Heavy Deposits in East.
Biiefly state-1, the situation as de. the plan was definitely adopted it being
Be to Get Money Due E-tom the exercise of lheir functions without great
Probably Temporarily Sus­
East.
injury to tlw industries of the etale. scribed to the Governor is that Oregon set forth in detail In ■ resolution unani
pended Until Spring.
banks
have
heavy
d-posits
of
cash
in
■Hourly
adopted
by
tlse
members.
■ ii . kj Or, Oct 28 —By orJer of a and
Whereas,
for
the
common
good
of
the East aud the Eastern banka refuse
fbbcla'oHtion issued late toaiight by |
in adopting thia oowrse, Portland is i
Tillamook County received a rude
I,’. I the people of the whole state, it is ne­ upon any conditions to rand money West
Cfovcinor Chamberlain, T logon bank-
following n:« precedent established by I shock this (Thursday) morning when it
cessary
that
a
holiday
be
proclaimed
in
in
payment
of
demands.
There
hu
been
will enjoy five buxiimxs holiday*, in
other cities of llie c<vuntry in th. pre ' became known that all work in the
that an opportunity may l>e no run or Indication of a run by de­
which interim it' is expected that the ¡order
■
Ki>t times of «tress.
No curienoy construction of the Pacific Railway ft
situfition in the hist wilt become mote | I afforded to the financial institu’ione of positors upon Portlmd banks.
will tie shipped tn suit-of town corres Navigation Company's road into this
I the stale to procure from Eistern banks
Believing
that
in
one
week
they
can
tdgfifieil and the Coast baenks will tm en
pon-lenU by Porllntati banks as long as county was stopped and that not a
aided to secure the cash balance due the balances now due them as herein­ effect a satisfactory arrangement w Itlt the present conditionsconlinfie, .nd sav­ wheel was moving today Sus|«ension ol
before stated.
county banks and also arrange for the
litem from New York.
ings banka of the city will enforce the work will, however, be temporarily,
Therefore. I. George E. Chamberlsin, shipment of money due them from the
This action was taken at the instance
rerpiirement that depositors give notice but it mar be that active work will not
Governor
of
the
State
of
Oregon,
by
, East the banks asked that ths re-
of* the Portland Clearing-House commit­
of their intention I«» withdraw tbeir tx rev timer I until nest spring. The Pa­
virtue'of th» authority in me vested, do 1 malnder of this week be mad« a legs-
tee, which met this evening to talk over
cific Railroad & Navigation Company ia
deposit«.
i hereby proclaim the 29th. 80th and 31st | holiday.
November 2. the last day
the situation w ith Governor Chamber-
tinder contract with the right of way
The clearing-lion«"» plan of carrying
days of October, arid the first and second ■ mentioned in the proclamation, is Satur­
committee to have fifteen miles of the
on
business
works
well
in
oilier
cities
days of November. 1907, legal holidays. day. Monday will therefore be ths next
road completed this year, and the road
boclatuation by Governor Cham ! to the end that time and opportunity banking day.
of the country durin* the present scar­
| completed nnd in operation between
berlain
city of currency.
and local bankers
may be ghen the hanking institutions of
Tillamook City and Hillsboro by the
Banks Opened Again
krcii or OMOOtt Rxeccnn Da- this elate to arrange for shipments of
believe it will tm ol g-eat value here,
inter" until* “noim.l
1908, giving . bond of
Portland banks opened on Wednea. in supplying legal ’ I if
kniMEXt, Salem. Or. October 28 — money now due them from the banks in
____
dsy morning fur business, but trans.' condition« ar. restorv-l. That this sub-; $20,000 that the company would com­
fbereas. the banka of Oregon and of tire Eastern cities hereinbefore named.
ply with the contract. Owing to the
be West have large balances due them ’ without which every Industry in the 1 actions will lie effected through the stltute for money nets I not be in effect
work being suspended, and the first
I
clearing-house
on
tire
same
Imais
a«
has
very long is al*> ba tiered
Banker«
tom bank« in New- York. Boston. Phila- state must suffer and the growth and j
I fifteen miles of the road not being com-
felphia Baltimore, Chicago, St. Louis, development thereof be greatly re ' been a-lopted by other cities of the predict better con-Jitt-'«« within a sliort
' United States. Only in case of taking time, and th. resumption of usual bank pleted, Mr. Lytle could tie made to for.
t. Paul. Minneapolis, fSiuaha and other larded.
feit the amount of the bond, unless he ;
! care of payrolls or where money is ing methods
lastern cities, and because of the
In witness thereof I have hereunto
can show good cause. It is true that the
{rained financial situation throughout signed my name and caused the great urgently needed will the bmks pay out
—r
railroad war being constructed under
; coin or currency. Business will be done
be East the bank« in said cities have seal of the state to be affixed at th«
Not with«, indi',3 that work on the great disadvantage, owing to the ditfi
in checks and clearmg-liouse certificates
Murad to make shipment« <-f coin o* capttol in the City of Silent this 28th
railroad is sespe>i<k'l. no one is going Io cutty in procuring men, who have been
¡ will he the medium between banks
lirrency iu payment of said balances day of October, AD. 1907
loose confidence in Tillamovk becoming coming and going ell summer, but there
The
Clearing-House
Association
held
Giotto« C hamberlain
tee the bonk« of Oregon and other
are a large number of persons ia the
(L.S.)
Governor. I I two meetings on Tueedsy, and discussed a great industri,»] center.
fe»tem banka, aixl
county who have predicted what took
place to-day. No doubt, taking ad­
vantage of the condition of the money
market in the East. Mr Lytle was forc­
ed to close down temporarily until the
money and labor situation is on a saler
and surer basis.
No one should feel at all alarmeJ, for
the Pacific Railway & Navigation
Company's rsilrnad will he built and
completed Over (300,000 have already
been expended upon Ils construction in
this County, and upon permanent work.
The shat down will probably delay the
time somewhat in having the railroad
completed, but with different conditions
next spring it may be that Mr. Lytle
Will be able to get the road finished on
time.
Library Meeting
The Tillamook Library Association
will bold a meeting at the City Hall
nest Friday evening at 7 30 p. m ,
when plans for the work of the library
null tie diacnssvd and measures taken
poking to the opening of a Public
Library. Everybody interested ia a
library are invited to attend.
H. T. B otts . Prestdent.
The Headlight and the
Weekly Oregonian, $2.25