Che Cillamook fierald
j the recompiled tlinutelal center of the
world.
! Iiirtli H.jnll. IiIiImv vi hllVil I'll"
C. G, Cromb.cy, editor tablished In thU country, and soon to
tSUCd ClVlcc .1 lUcck c CuC5d.1V JMd FHdaV . he in full operation, a nolenlille llnnn-
Kiitr-ml ns gtvomt-i'liMs matter Mnv 17. UUO. nt tho pit otiloe nt Ullrtinook, , clnl sxstctn tliKt I capable of with
Orepvn, under tho net of March 3, lS7l."
Sl'ltSLRMTION 51.50 A VKK IN AlU VNOU
Jidvcrtisitm K.itc
I ccnl Advertisement
Tirst Insertion, per lino - J .10
Kneh sulwxiuent insortion, line .06
Homestead Notice
Timber Claim ... 10.00
Notice, per line ... .06
Cards of thanks, per line - .0ft
Locnb, 'tor line, first insertion .7i
Knelt Milwenuont Insertion, line
Kesolutions of Condolence and
IxhIro notices, per line
l?uine! .v Professional curds, mo.
Uisplny Advertisement, per Inch
ALL Hhudav Ads must N In this
He an Monday nml 'HHirsdiiv Morn-
Inff w insure publication in folkiw
InR Tuesday and Friday Issues.
Keasons are imperative.
FRIDAY At'Cl'ST 1M. liU-k
ptumliiK' inv strain or stress that limy
te brought uhii It.
,0ft' These nre the reasons why our prae-
Ileal fiimncieM believe our financial ;
conditions never sounder than tlmy are
today.
Let mo repeat them, for they are
worth teiiiomberlmjf :
Fust One billion, live hunrord mil
lien: of kuM on hnnil in those IJniini ;
( States, an u mount capable of supkrt
i ine n currency svstenn SO Utiles, nt i
leant greater t!an now is curried. j
Second -The ea with which
I
N. 'it
Dr. i ievn i
OSTKOl'ATlIK' I'JIVHHIAN'
A NU SlMt 'KON
Obstetrical S
I Kith Phones
OUto: Kuns lf' HldUfuook
I tour. 0 A. M. Ua V. M.
TIU.AMOOK "KK.
EI. J. CLAU98GN
LAWYER
)U IMCIIKH AltVOKAT
imiiHuiiiI Building
.Of
i.oo
of-
i)
u. a. n. pttHkif
HaaiUKNT iifcJTIT
All Wort Oaineet
I'll.t.A MtHK.
OKMi.N
H. T. BOTTS
L.vvcr
rn.MPl.hrh SI: I' ill ABSTRACT, I
OIlUo J(:J I . I'lMmunol, !
Tillamook (i
Panics Etls of Past pessimist who, whenever there U the
: inlle.tt clud in the k), Ihflievtw that
We (five below an atWre delivereil the sun will never shine apitn. Such
by A. U Mills, preiotit of the Ft rat ' calamity howler are pest. In society.
National Bank, of Portland, before 300 ; 0f value neither to theuwelve tior to
buine. men of the ute who had ; others, but rather they are a drae
gathered at Portland during buyers upon the wheels of our nation's prtK , without mukinx y jweeplible trm
week The address Is full of hope uim ros.. upon our 'innneinl Insiiiutfoite.
iZlnLTTwT dirslon. but there ftwrth The e.tabli.hment of a
mMit-4 'wVch the bu.meas interests of s1huW not bo even stamiliiK-nx,,,. for fMe ami eeommne sy.tem. the oqua
the sUte may be subjected to. the pessimist in this groat country of f any in the .vorkl. 1h.t are tt.
1-otliiwinit Mr. Milk' address : 'ours. reasons why rtnunciiil condition
withstood ii drain within iv mon'
of 1 I.OOO.OiX) of Rokl ami the nt-lliu
jo withflMial n lrthvr drain of IK-'1,
'OOO.IXX).
Thirtl The renlarkahlo atronttih t
! the New York Stock PAchnnge to
sorb vast ipiantitlei uf our eeuritu
Dr. lack Olson
UK?IIKM" tn.N t tsr
Otllee Hour Im ii '' to f p, i.
Oiuifcitov. . nuiidinK
1 DON I' S't. l.iHHni
PioneerTransferCo. ZllZ ' i.".'S 2?
C L. DICK .V SN, l'i..
I ho Snnie I'rkc t lici)ono
Hifial atiH'h bt i
A wi:m M I- tm
"ill not uniy in .. i
t
DR. ELMER D. ALLEN,
Dentist,
ll.u l.ocalrl in the Commercial UIJj
Succcedin, Dr. I . J. iharp.
All Vt'oct t;f4.lrd
tlllllf H.KiM
" ' ' 'V lbs
mnv 1 1 1 ami in mm hsox ' ?: AVl!r ""Hif
Ut..rt rtl l I ''f "V'Hdrtl if the I llft'!?il
tUtr.xter JdUcaHIrd In tni,r "
iillnniook U)tnH iwiiik 'MI'y , . I
On Vedncdav vrur emmtittee hon- j
ored me with an tnvitatien to speak to '
you tonight n tl-- e.itnir and future
financial c"d5:;on In the Cniteil .
States.
There i r,it time ttfiint. nor per
haps ! there inclin ti' -" on your part,
to listen to an exhaustive economic
dieusion of American finance; at
best, only th most striking feature of
the situation can be touched upon.
Certain facts -and beyond proa Iven
ture the re-wt important one in the
considerai'O.T of our present financial
conditions, which must be indelibly im
pressed upon the mi;id of every busi
ness man in thete United States are-
First - That financial conditior,s in
To loturn to our subject. Why shouhl
tho best financial minds tu our country
believe fina.iinl rorMtitions never
sounder than thev are today?
Firt Hecaune in these Unlteil
States there are SI. 500, 000,000 of cold,
a supply, roughly 2j times greater
thnn that of any other country ; an
amount more than sutlkient to transact
the twsiness of this country : when
treated scientifically nj a reserve
asainst currency i-nues it i su'licient
to carry a bunlency of currency 50
time greater than we now have with
out endangering our maintenance of a
good sUimlard. l ake, for example, the
panic of 1907, when FInglund h.id but
lOO.'XW.OOO of gold, and yet -o perfect
T. H. GOYNE
Attorney-at-Uw and
Land Office Bisslruvss.
;oiposrrt Co. . rnoi sr:
Tillamook
our country tcdav are sound, and at no Wus England '.i financial system that it
time since our Government estab- parted with one-half of this supply to
lished were they evi-r in a founder con this country without shaking the fioan
dition than they are at ti.is moment. cj:l fabric of Great Britain. Our supply
Second And let thi !ink dee( into of gold today is nearly four timorf lar
your understanding there is absolute- ger thnn that of Greta Hritain in 1907,
ly no danger today of a financial panic and should with ease carry all the
sweeping across the country such as all burdens of commerce that may put
of us have sen in time gone bv. nor, upon it.
GEORGE WILLCTT
Attorney .it I.jw
Office In Tillamook Block
indeed, shall you or I ever again wit
ness in this country such panic condi-'
tions as prevailed in 1P07 or 1S03. or, :
inaeed, in other panic years. These are '
cold, hard facts, and not the rosy
dreams of some visionary student of,
political economy; facts that are estab
lished truths in the minds of financiers r jn the history of cur country
of established reputation, and facts ' exported a like amount of
Second - The strength of our finan
cial system today is sf.own by the ease
with which, we parted with $100,000,000
of gold in the first five months' oflhis
year and S-tS.000,000 more duringthe
month of July, without disturbing one
iota our finances. At no previous date
have wo
.(.sported a 'ike amount of gold in so
that should and mast lie equally well i short a time ; to have done so in year
established in your mind ami in the
mind of every business man in these
United States.
Let me repeat them, for they cannot
be reiterated too often: First These
United Stated were never in a sounder
financial condition than they are today.
Second There is no danger of financial
panic today nor shalfwe ever again see
such panics as we have in the past.
Take these statements of facts home
with vou, mull over them, make them
a part and parcel of your daily financial
gone by would have roefctd every finan
cial institution in the country to its
foundations and probably brought ruin
to many. Today not one has beo dis
turbed by such a heavy exportation of
the precious metal; nay in-. re, financial
leaders say so good ami found is our
condition thut another $100,000,000
could have gone abruiul without per
ceptibly affecting conditions.
Third -Becajse the New York Stock
F'xchange, aainit which so many of
our people exclaim, was kept open for
e
tenuous wliy lniinul conditions !!
sound leduv in tnit country. Practical i
economists believe In them; bankers
worthy of the name of bankers believe
in them, ami it but remain to drive '
this beliof home tu evory business man
in the country to till ttwever tho (ie-,
stmist who now goe up mid dawn the
lam mournfully croaking nlxnit uti-'
pending panics itd by so doing disturb
ing business ami spending unrest
w herever he goes.
After what has just been smd do you
ask further wh thi-re is no danger o.'
n financial panic today, ami why e
shall never again have such n one as
we have experienced in the past?
It needs but a word in answer, due
in the first place to the work done by
the Aldrich Currency Comm.viion and
Inter to the crystallization of that wrk
in the r'ederal reserve act, we have
now a sound economic system that
makes any serious financial panic an
utter impossibility, light money ue
may have in future, commercial
pr"awiuri we mujit uml siill '.ave when
ever speculation exceeds the bound of
prudence, but financial panics, never
again.
So much for the financial conditions
of the present ami the future. Were
there time 1 should like full well to
go into the details of the F'ederal re
serve act, by which sound financial
conditions are assured to us, hut I
must omit doing ho, as before closing,
I wish to say a word or two concern
ing our luc.it rundiMon 4iid how I
hfliivr lhi Ktiriri,.?ln war uill lfffrf r
We arc now harvesting one of the
most bountiful crops with which the
Northwest was rvrc blessed, a Crop
that huropc. and especially Mngland I
. , , . i. . . i. r , ,
nave in or...rinai uicir peoples ; ,hf rc(ort
.iau noi suivr i ni crop hhv iniltl
tor no nutter what the ros!
(With Ph -
. 12 i. in.
I I.' I JO p. m.
Orn I'.vciili lr-m ' onlll ioVksi.
Geo. F. Winslow
A rt' iKSt'Y AT I W
'illm.i..k llkH W,
It.-.n, ,1C
TUUmook. OrcRon
J. E. PEEDY, D: V. M.
! I II. I AHOOK I NDI-K'I AKIMI CO.
I K N ll NK 1 I' Met
laM-alcd in lliiiMni Farmer!): Oreupln.1
j l) i of I I'sttUf
il'linelal l)llrll'f lk,l l.l lld Cnlbalm
V! I i I'.IN Wil S
li..th l'!..i.ci;
0ret;tin
Calvin R. Worr.ill
LAWYER
Muini-ss Lii;tiscllir, Titles,
.Uvninitaitt , Nut. try I'tihlii.
COMMERCIAL Ci.L'H If HLDING
T1LLAMOCK. ORE.
Ccland B. Grvwin
TrathtT ol I'inno
Diploma from the Ourngo
MohmuI Collet-o
ALL LESSONS GIVRN AT STUDIO
E. N. CRUS0N.
I'nitttrr nl l'nicr Hniipr
Con t met s Tiikcn
I'Ntiitwtio h'tiniiHiicil.
All Wnik tiiinrnotcfl.
Tillaitiouk. fir
A. M. AUSTIN
CIVIL ENGINEER AND
SURVEYOR
WATER AND POWER RIGHTS
OUR SPECIALTY
Mtll I'liom-
L. L. HOY, M. D.
Physician and Surgeon
TILLAMOOK HLOO:
IIII AMOOK .
owl
Eat
Viereck's
BreJ
TILLAMOOK BAKB
AT A I.I, clidCH
MVMMWtWtHlHHl
i-itf"r
John l,r!M JlrlsUfie.
So,-j Tfr
Aitnrnoy t.jw Mitirfh.
TilUmook Title and!
Abstract Co.
Uw, ,uir ii. Hfi i'y.tm
Hurvrii'tf. ru4iswc
Ikth
Til l A MliuK, OKI.'
,1 lf inal'ftattv
tli-n ilalr rvrry luvlirv tnt n-u-within
this ctmntry.
In th mrdtitime, hivT, f-.t iVr
ritKt two or ihrcc wcekv ih.rr ml I
ufirmt ami fear ml et it. m. It
devolves upon ! j! t..
practice palicnrr and niAini..tii n
I . r
in the fulure Whal I tftlC t( "tj
wheat crop is true in like mrnrr ii.
iiti mji no maiivi Mimi ore i hint .... , .
i.- ti I ,. ; i... I... ..i I courage, lor llirrr In nollunir i
is bending every effort to comt.au in
. -ri. ti.
Dull un is nui Huuii o iiiivii K11". v..- ... t. , I ,
. ..ii i .i . . :. "or meat, hops and other Dfintiicu
Limiiciii iiiru na riiiiiiauivni trial ll ' v . . ,
will insure the shipper and owner ..... V"' ,ch' P'm,Vl cvr(. "rk
" w tr w (i list sf lit nil
KMinif up anft 'town our fttrrrM taing
uropcan war, anil it but remains for
creed, and then join with other loyal ,iavg after every organized sUick ex- our international bankers to perfect i ... . ' 1 ml ruc that hi-
... i ' i r .. .: .... i roue nrrus our irofii. lull nrvm .r ...
-i .i --i.ii j t. i i... i arrant? e in em& lor iieiraiianni? ini iiiiit ' . ' . . : :
tJliillt: ill lue wuiiii iinu uiuieo , Jul ii) . . -r-- r.
patriotic citizens in preaching to your
neighbors the go3pel of faith in our
country's institutions and the absolute
soundness of its present financial sys
tem. Aye, this and mure, jou and I and all
of us should do combat with all the
power and force that is within us the
dismal croaking "f the confirmed I few years before New York becomes
i : .1
so doing was able to absorb, without " V" " ""'
I firmly
cotiMiiuuiati d within
peoples of Kurope. Such sta- "c ncxi two or inrcc weeks, uncn
bilityofour rinancml institutions, for ' ''conildisneil the .jiicslion of export--L.
i .u u i . I "K "ur grain is solved, and with the
in the end the burden was cast upon .? 'U.n collie A of I yUU
them, make3 it but the questio of a k..,ld i , our c unirv n lt. ..in volume
ii t ver witnt ri !n lore,
panic or disaster, the immense tlooJ ol , ;, ln ew rii jtl
securities poured upon us by the panic- believe will l.r
stricken peoples of Europe. Such sta- tbe next two oi
r.
Tillamook County Fair
Tillamook, Ore., September 15, 16, 17 and 18
s
)li WANT everv man, wntiian and child in tins count v to make an
exhibit and help make this (air a .irand success. Good grounds
and buildings have been prepared. THIS IS YOPR h'AIRand
we want to PKOVB TO THIS WORLD THAT TILLA
MOOK COUNTY HAS PRODUCTS OF TUli FARM, THE
SEA AND THE FOREST THAT CANNOT HE EXCELLED.
Call on or write the following Superintendents ol Departments
KNOW WHAT YOU HAVE TO EXHJHIT:
: Superintendent of Livestock.
Superintendent of Milk and Cheese.
Superintendent of Poultry.
Superintendent of Vegetables and Fruit.
Superintendent of Flowers.
Superintendent of Needle Work, Crocheting, Etc.
Superintendent of Domestic Halting.
Superintendent of Painting and Photography.
Superintendent of Better Babies Contest.
and Countv Expert
mm
AND LET THEM
Dr. J. E. Reedy, :
F. W, Christensen :
H. Booth ; :
R. Y. Blalock :
W. C. King :
Mrs. Crenshaw :
Mrs. Anna Billings :
Mrs. LolaM.Shrode :
Mrs. Mary F. Dunstan
The above, together with the members of the Fair Board
Jones are at your service. The Secretary will give yourinquiries prompt attention.
YOURS FOR A GREAT, BIG GET TOGETHER FAIR
TILLAMOOK COUNTY FAIR BOARD
J. H. Dtmstan, President William G. Talt, Secretary L. M. Kraner
ll thev cannot be shipped in solely
irom our ports they arr ..I no value
to ii " This i utterly faUr. I hjvr '
atirmturd t show you. for ! iiicUn.l
must havr our rain ,md i prri... r-
to pav the prire and bear llir l.u'.ln,
of the war risks That England i
amplv able to do thi i. shown b- i .
fact lb.it whrn llir F.lifopran i I i
broki Mil, ,i .i Inn ,f li in, n , ,, ,
st ., liixiiifH hi HCItlriil. the It. ii-, .,(
riifrl.ind raised in rlr of duroum t.,
R ..ml ih. n io io ..r c nt. and .l.cl.n
r-l .i fin days' l,.ink lioli.aN U ,
it w..s crn by the F wtih fnuiuirr
lb.it llurt w.n no nrr( (r uihIih-.il-irin,
the K,mk of It a land's rule o
discount f, r.ipidlv to 6 per tent
and then to , per ( ' ril(r a).
tlioutrli somiMhat hiKlo-r than iion.ul
j is not an iumimi.iI one .u this time of
"o 111,11 in 111 any way a l.ar
to cotmn. ri i.il ir.n.s.i. iin It means
that the merchant, ami banki r of;
London, of worthy standiiiK, ran dis
count their paper .m. their coininoil-1
itv hills at reasonable rale ol interest '
Such beniK the ease, and with trans- I
porlation n intend Mf(. ,lrfr
nr.iri ii i,..il.;., i.:.. i . . I
, , , " i" iiimur our ex
ports fuely Ki( abroad. I ctifi
deiu y believe that within a lll()tl.
our forriKii export trade will twin be
on a comparatively r , ( .
on such a basis as will permit fon i,.,,
business to be transacted bv thi
country at a handsome profit
In Hie meantime we bankers have
before in a few weeks of somewhat
difficult financing llarvcn, l:m,s ,
the fields must be pi, ras)l .,
also the cost of transporting our
crops to the seaboard It C;ii, be do ,e
ami w,l be done with rompamtlvc
t.ise if the fiiisiu, ss peiide of t,r
rouiilry have fait), j r instltutio, ,
supplement, , by a lll0(k.r:i a , )( (
of pai.eiirc. If, however, the husine"
men of the couniry, sued as "
fore me ovy, b.coinc excited ami
each man endeavors to rush in ahiad
of Ins Ju iKhbor force rolleciinim a, ,
rn i all that is in siwht. ihe .!,"
will become more ronii.llr.ii,..! i.-'.
hit, the banks of ll.e c,...i,ry ))t.
able lo inance ,c harvest,, , ,l
within a short time possible bmintif,,
j returns for our crops,
In 1907 I khnuld not have ,lare, to
( have spoke, so confidently coc, r "
K the Mluatioi, as ihrjl ,lc
1 were laborinir under ,...i.......w ,
and archaic system of finance ' i,V.
ALEX. M'NAIR & C(J
u i: I-:-; ha iiii wabj
KITCHEN RANGES and
HEATING STOVES
Sec U for Prices Before Ordering EUcwhcre
McKINLEY & VANCi
I) l A LK RS - IN - lTnI
Gr.ound Floor Commercial Building
Oppo.ltt Todd HnUI
TILLAMOOK. OREGON
If you want to sell or trade your ranch or city M
city list it with us. Watch for our listol LxclimVI
Netarts Hotel Ready for BnsincsJ
I?irst Class Cooking, Meals at all hours, Rooms ml
uood Heds. Rates Reasonable, No Charges Will
Made for SpccialjAttcntious.
G. W. DORR, Proprietor
Four Foot Fit Slabs
$3.00 Per Cord Deivered
$2.90 in Ten Cord Lots;
$2.80 in Twenty CordjLoti.
A. F. COATS LUMBER CO.
(Coiitliiued on i'K(, ,()
I