Daily capital journal. (Salem, Or.) 1896-1899, January 07, 1897, Image 2

Historic Oregon Newspapers

Daily capital journal., January 07, 1897, Image 2

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Newspaper Page TextBE' ' jMBW" mtm?",ml'tf,if1' ? MACK BIMWHMeMWWiWWHIUMW' WHIM , J 'iiei-iiniJL.tJlll-'"l,,l,r;l''?''fcC jssa fc. I C H- r-.v !"-!? M. jirtli iITi8iVi?'iriyfflliit'iiiiitiw Bilrtti Tj,, rni , 35 553 3 Daily Capital Journal. BY 1IOP-KK UROTHBK", THURSDAY, JAN. 7, 1897. UNMASKED. (Continued front tint page of Wroni what I know of Uie preheni situation, tlicrc Is no chance of any such agreement. On the side of the blmctalllsts, that fact-l recognized that, as a condition precedent of nny International action In favor of sllvor, or mc ftw.ro must, txj a reopening in,iianniini fur the unlimited coin- .i i.u. ...,.t.il r i-nn nnltfl concur In thW oplon. I am convinced jof trcaRUry( publicly announced to !.,. tviiiiiiiir. MiiH cuiircnsiuii, efforts to retiabllltatc silver will bo Country. Should wc pay C per Cent Jntcrcst It will amdlint to an annual tax of I193.Q00.0U0 to support this sys tern of supplying the ultortagc. In the face of such fact some peo ple p- there Is plenty of money. Now about the credit currency. TbcOrcgonlansaysItlsa menace to bimltiosi, I unnecessary and causes financial trouble which should not ex ist. Could not all this have been averted by the governmont exercising the prerogative of redeeming out standing obligations In either gold or silver, as the law provides ? Is It not true that the government was never called upon to redeem her credit cur rency until October, J80I, when Chas. Foster, who was Harrison's secretary vain. Hut, us the result or i prelimi nary exchange of views made by my orders with the English government, I have been driven to tne conviction that wc cannot count on the reopen ing of theso mints within any calcul able time." Our Hllvcrlsts will, of course, and as heretofore.lndlgnantly exclaim that it is unworthy of us as a great and free people to depend or wait on England, or on the nations of Europe together. They say we can "go It alone." So we can; but the result will simply bo los, of the gold standard and change to the silver standard. The Republican party of the United States, as the champion of sound money, Is under the necessity of preparing Itself to light for the gold standard as against the silver standard, without the device, expedi ent, subterfuge or mask of Interna tional bimetallism. Tlicrcforc.ln view of the- present composition of the sen atc.of the great power In the little sil ver btatca.and of the disposition or uie Democratic- states of the boutli, it oe comes exceedingly Important In every forced to the sale of bonds. Republican state to have a care wnat manner of men arc sent to the United States senate. ItlU'I.Y TO Oltl'.UONIA.V. You say In your editorials that It has been demonstrated that tho busi ness of tho country docs not rcqulro more money. If this Is true, why Is It tlicrc Is rejoicing among tho people . I - ...... .iilli( flflftf 1 wnonovor more ih any hihj ,,, ,rnf,ir n a,t,nnf xmi,u to tho circulation i Why do the Ore- ' .,. b,i, gonlan and other gold standard papers rejolco when thcro la money being shipped hero from abroad ? Is It not truo that we arc a creditor jieople V It seems as though wo have never had money enough to do business on a cash basis. Wo have been com piled to do business on credit. The merchant buys of tho wholesale house on credit. Ho bells to his customers on credit. The wholesale house buys or tho manufacturer on credit. Tho volume of money docs not seem to have been aa largo lis tho volume of busi ness as 05 per cent of our business Is dono on credit. Tho total Indebtedness of our coun try in 187a was about six thousand mil lions. In 1800 thohc debts readied thirty thousand millions, and Impar tial estimates put It still higher. Tho total assessed value or real and per sonal property In the United States In 1800 wuh little over 24,000 millions. Vo arc- In dobt ns a puoplo more than tho total assessed value of all our pro perty. Tho "fair cash valuo" of all property In tho United States Is cs tlmatcd at 00,000 millions dollars. Sold under the sherllt'shauinior today It would not pay tho debts of tho peo ple of our country.aiid seventy million people would bo ponnllotw, and worse. Our roMiurcai aru grout, and wo uro naturally a prosperous nation. Rut tliU great ovll ur tho rising price of money, and the falllug price of prop erty, has brought us to a condition that Is now oxoltlug tho apprehoiieloii of all good oltUon. Fulling prices have forced our peo ple Into pormaiieiitdobt. it ml resulted In tho destruction tr their property values to pay debus. Tho report or the United Statea treasurer, shows that there U now de posited with the banks or the United States, subjeot tocheok, 4 ,800,000,000, This Is tho real olumo or money ,. ii nlvurv It nirn rerv form 01 necessary for tl.o trunnion or bus.- SSSS M normal .. . ' 1VWJ , c, lies.1. It Indicates what u uupply of money for this country ought to be. Wo miyo nil told, lu this country, about I.WO.OOO.OOO In all forum of &ijZ money. WltU only l.wyWK of 12 .... ...... .1 ... 11 .. .! am alioue. ToGJdca Medical 1cy tuouqy wq tlml that tiiorv u ?i,tw, 000,000 being used by te people. borrow! ug W.200,00000 or t litymoney required to db tho business of the the world that It would hereartcr be tho policy or the government to re deem obligations In the kind of money the holder demanded, notwithstand ing that the law specially says that the secretary of treasury shall redeem outstanding obligations In coin at his discretion ? Senator John II. Mitchell, in his speecli In the senate, stated that wc were the only nation, on the face of Mm I'.-irtli. that had surrendered the right to the ho'dcrsof the obligations to dictate the kind of money they should be paid In. The Oregonlan came out in an edi torial the next morning and stated that Senator Mitchell was correct, that we were the only nation that had surrendered to the money power. Senator Mitchell also stated in his speech that If the government had exorcised Its discretion In redeeming Its obligations It would not have been The Oregonian has said editorially that there bccmcil to le n deliberate scheme on tho part of the moneyed men to force the government to sell bonds. Many intelligent Americans believe that If the government had paid out silver tho same as gold there would never have been a raid on the treas- Somc say they want to tnkc the gov ernment out of tho banking business. Tho jwoplo want tho banks to go out of the governing business. How will tho government bo out of the banking business If tho banks aro permitted to Issue tho currency and tho government guarantees Us re demption ? If tho 4000 national banks are al lowed to issue the currency, thoy will control its volume und value. The right to Issuo money Is a func tion of tho government and congress has no power to delegate that right to an Individual or corporation. If tho government must stand be hind tho banker's paper to make It good why should not tho govern ment's paper bo good without tho banker? I f tho government Issuos the money wo have all tho people back or It, bankors Included. Aro tho bankers bettor able to issuo money alone than all tho people, bankors Included? Is tho governmont any more able to Jffl In curing con sumption there's noUitnglike taking Time by the forc- lock. Doctors say consumption can't be cured : they have arguments to prove it. Put when rlcht under their fn. mift v4 tiv Dr. Pierce's Golden Medical Discovery, Utey admit that thtre's something wrong about their arguments and something wonderful about the " Discovery." It Utt't miraculous. It won't cure every case ; but it cures a suprisingly large per centage of cases , even when the patient l pretty far gone with a bad cough, and bleeding from the lungs, and reduced al most to a shadow. cVmisjihZion is a rVtW disease. The lungs want a fresh supply of pure rich blood and plenty of It ; that is what the "Golden Medical Dis covery" gives them. It is a blood-maker. It gives the blood making functions power to produce a large quantity of the nourishing red corpuscles which make healthy l(fttvig blood. This stops the wasting; drives out the impurities; heals the ulceration and begins a rapid build-lag-up process, of solid, mbstautlal flesh lad vital energy. 11 iiui ouiy couuuijmc w fciM IW pay rx)ndJ"lilat bpar Intofost than It Is to pay dutstaridlng obligations that bear no Interest? Audfls an obliga tion any more secure that bears Inter est than one that docs not? Ranker C'orbelt says that It would be a great mlstnke If the present bank ing system were done away with. lie seems to think the perpetuity of this goyeffimcnt. depend upon national banks. The question lias been disposed of. In the language of Wm. Jennings Bryan the fight has Just begun, and there Is no tombstone big enough to bury a righteous cause. Sliver will yet lay aside Its grave clothes and go forth to bless man kind In the future, as It has In the past. The united silver forces made a grand light and corporate power may as well understand now that the six millions or people who voted ror Rryan and Tree silver will not be downed. When wc come to sum up the organ ized opposition we find that Mr. Rryan, backed by nothing but the poor, patriotic sons or America, had to fight against the most tremendous odds of any man who was ever a can didate for the presidency. Let Topulists, free sllyer Demo crats and free silver Republicans Join hands and close up the ranks and we will yet free America rrom the clutchcs'or the money power. M. A. Millsk. Lebanon, Jan. 4, 1807. DO YOU VANT REFORMS? All who want any reforms should labor U, defeat Scott's candidates and the election of any man he can control ns speaker of the house. Scott'scontrol of the legislature means legislation ror cliques and machines' but none ror the people. A speaker or the house who Is not under his control should be elected All citizens who love their state and want to see rerorm In our primary election laws, should oppose a Scott organization or the hotiso or senate. Mr. Scott is an Intelligent and able man, but his political methods are for the purpose of centralizing power in his own hands. Tub Jouunai. Is not tho adviser or the Republican party, or or any party, but It wants good legislation, aboli tion or commissions, and government In tho hands or the peoplo instead or professional bosses. No man can up hold Mr. Scott's methods and know the result of those methods und say they are in tho Interest of the Repub lican party or the people. I he New State Government, R. B. Smitn InauguraleJ-Reduc tion Advocated. IlHLBNA,Mont.,Jan 7.-The leglsla- live assembly of Montana metatnoon Monday. Hon. Robert R. Smith, i I slon, took the oath ofoluce as gover- inor. Hi message to tne legistm-. I ,-nr,.r.ris various reductions in state expenditures, the curtailment of ofllccs and salaries and suggeUions alonn the line or economical reforms, Retiring Governor Rlckards leaves di rectly ror California to spend the win ter with his family at Pacific Grove The inaugural address of Governor Smith was devoted almost wholly to state omcers. He said that the change of political parties In the state does not meananarchy.repudlatlon nor uie enactment of visclous and hostile leg islatlon, and that hasty, ill-advised or radical laws hostile to any Interest or persons are not contemplated by his administration. lie calls attention to the depressed conditions of bus! ncss and says the expenses of the state, county and city government must be reduced. The following arc some of the rec ommendations made by the governor: Taxation of gross receipts of Insur ance companies less loses. A tax on corporations, so worded that they cannot evade the corpora tion fee by subsequently increasing the capitalization. A gradual inheritance tax. Abolishing the bureau of agricul ture, labor and industry, leavirjg the collectlon-of statistics to county as sessors. Reducing salaries in the land de partment of the state. Abolishing thcoOlce of city treas urer. Repealing mlleace law, reducing the cost of the national guard of the state in the matter of encampments and armory rents. Taking oft the bounty on coyotes. That the land grant be bonded not to exceed $300,000 at present ror build Itit: the state capitol. That convicts be set to work on Irrigation plants and canals to re claim I he million acres of arid land under the Carey act. The initiative and referendum and proportional representation are rec ommended as subjects for a constitu tional amendment. NOT A PROPHET. Harvey Scott now says the Repub lican party must take up the tight for the gold standard as against the sil ver standard If it would make this country prosperous. Ry tho way he Is not exactly a prophet. Ho said In 1802, repeal the mortage tax law and times will bo good In Oregon, money will be cheap and Interest low. It was done. Have we got what was promised V Scott said In 1804; " repeal the Sher man law, stop coining silver and that will make tunes good and restore con- tldonco nud make mouey plenty." It was dono. Ilnvo wo got any ootier money, or more of It, or any bolter times as a result? Ho said In 1800 "elect McKinley, establish the gold standard, and that will make good times and restore pros perity." It was douo. No one can tell what times will bo utter March 4th, but so far his prophecies have been a remarkable series of failures. What next will he promle ? CASTOR I A For Infants and Children. t l.iie K. IVjw.orVr"V Mr. i lini O-ntf, .V J. rtus : ' Ifor t&ree jrr I UiWuflf rrj from Uut Itnttde Umm ONMump. t&n, nA htsrt JUhk Before Ukftie Porter wv to a skeleton. couM not sleep nor rwt. n4 tlth- llKlli lljwun M C&vtfZk REMOVED lis tftrr from Pohlo's old stand, to two doors wost of tho onglno Iioumi. We will be pleased to meet all our customer at said stand, whra we will bo prepared to do general repairing awl ttcoe shoelng. 1 & tin Uujvrk & rvuK. well siu; mivu. ow j""r',-ruii1 try MS auJ cumj my " " V 7 10,000 being used by tne people. jiyutpi without ? i"1. lW. DoeanotthU -how that btulmwU ISW5 'iZStX 1 Yletor Kvans 11 years 4 luuaUss soa of D. M. Kvntto, parsed examiMUuti ' for lottoher. fUa.&c rf. 'XOO 4? tufa- lilltf Upiun u OASTOIIIA. r tin ixrf populist rSITSli - DENTIST. - 8ittsr."ws Old housekeepers win wu ) 1 plass. You know it i ,-- that hot water "rots"j GOLD DM vjfachinp; Powder , . -1 ; mnnti -water or cold. makes glassware bnliianuy - - """wnnd ormint. .. . .r..l i .., fnr rrhM Or S11VC1, H" " " ' uei.gnuu-u ---- strength, your saves your uawj -- (M,r Sniri evervwiieic. uui. .j -j lCixil. "--' .1DDaNK THE N. r. rinw.-" -. ...i. phinnn. NtwYerk. Boston, goooJjoooioggcxwosoeeoooi ? COMPANY. PhitadelDhli. San Frsnctsco. THE GREATEST COMBINE. Thrice a Week NeYork World, Weekly Cincinnati Inquirer and Weekly Journal for $a a Year. Do you want the Free Silver Cin cinnati Inquirer and Weekly Capi tal Journal? Our club rate is $1.40 oyou want a gold standard paper with The Journal? Then take tne Thrice-a-Week N. Y. Worm, uur club rate is 31.75 for both. Three papers ror s. -f" '"rE,., Journal, Weekly inquirer anu j.. . weekly World-an eastern, middle state and western paper o.) pages a year for 82. ..,, . nr Aourr i jouruai uiiiuc, ju. ...., -- 600KS Hois1 Newly Enlarged and Improved Special This Week 300 Boxes Fine Paper and Envelopes, Box, Sec Window. DEARBORN'S Book Store, inespecia' it"" WillttT p. VV Prnri"!. wa " "Au.;r: mM Dls ,inlta1' "'fib Cheape oeat n the Urd,nTrUvVm i7, Commercial st. own 1 ry '"'' u,tn 0n State St. Up town, shop " mu Witt co Oflice: Willame'te Hotel Buildinr t .prvlce aunly at office. Bills ror wi .-.,"", Vj..,r.. MnVi. ,..-,i,l. monthly in Anmnlaints at the office." at ill) II TO LOAN. Plenty of money on good security. A lame quantity of Und for sale at i... fi..nr- nnd on easv terms H MlLTON & M Room S, bush tank building. RSI I. Ill Ilfl 1TMI !i NS On inside property at 7 Pcr "J"; Ul1 larm and security at a per cem. oaic uiuC or investors. Insurance eficr-l in reliable companies. Jw"" " ' . . i XT j tili t tt If In 1 1 rl trr Jiroxer, room iiu., uu ..-.. uiiU.iij, C. H. LANK, MEMifi'TillM 2ii Commercid St., Salem Or lySnits Sis upwards. Pants upwands'a BREWSTER & WHIIT, mm WM im AND i ii All kinds of grain feed, hay, straw, etc., at lowest prices. 91 COURT ST. - SALEM. JAPAN TRADING COT. 20S1, COMMMERCIAL ST., SALEM. Finest bamboo furniture, Japanese Curios, toys etc-, ror Uo'ulays. umy "lap store in town Will be sold especially cheap for Christmas trade. Lowest prices ever offered for best stock in this line. 12 12 im You Can Be Well Whon your blood Is pure, rich and nourishing far nerves and muscle. The blood is the vital fluid, and when It is poor, thin and impure you must either sutler or you will fall a victim to sudden changes exposure, or over work. Keep your blood pure with Hood's barsararllla anu be well. Hood's Pills are the bestafter-dinner pill; assist digestion, cure headache 5 cents. The cost bill In foots up to 12026 50. the Steeves case Heart Trouble Quickly Cured, A Conrlnctn; Testimonial t N w Excellent rooms and the best meals, Rates reasonable, Strangers should see us before engaging. &3X& fashions mwm PARK mm BULL $ DOT V y SAVE TIME AND TEMPER by taking the Burling ton Route to Omaha, Kansas City, St. Louis and all other sou It eastern cities. SHORTEST LINE. QUICKEST TIME. BEST SERVICE. Three reasons Rood ones. Two routes to Chi cago via Billings, Montana, and via St. Paul. The seryice over both lines is as good as it can be. Tickets via the Bur lington Route are on sale at all railroad ticket offices. For In formation about rates and train service, address HinmhHj POZZONS'S V V ' Complexions 4 POWDER REMAN b ALWAYS THE HA3IE. o The finest, purest and most beautl- S? A fyinp toilet powder ever made. Ills A ft soothing, healing, healthful and f f harmless: and when rightly used Is A V1 Invisible. If you hao never tried f. I POZZOfifl'S Si A you do not know what en IDEAL p A COnVLESIOX 1HHVBEB Is. ) A IT IS SOLD EVERYWHERE. A A A ifj?-?? For service for the season. -Call at Brown's iricat market, corner Center find Thirteenth eeet. I'ineit milk stock in Oregon. 12-n-tf WIN MEAT M4KKETS Uest Meats in the city. Prompt delivery. Cottle Iilock Shop, Court Street Shop. GEO. FENDR1CH, Prop. H LQQDPQISQi Fellow Front Barter Shop ssu, iosaiAit. &1KCC.1, Will be pleased to meet all my old patrons in my new quarters. First-class work guar anteed at popuiarr prices. Shaying 10 cents. Ilaircutting 15 cents. One trial on your part insures regular patronage. EF-Bathsonly 15 cents 12 2r im GEO. V. PLASTER, Prop. A, C.SHELDON, G.A., Pordind, Or. Uus Elu Ktrxxx. Por IS jean I mffertd tna bet to U. Dnrist iht time I wU trtaud by Te dtfferwat ptrtieUm. All or thea eUtewJ ttat I coiil kk u and. I u rrrtlj tnotU4 lth tbartnt ot Imih. PlpluUoo tad pato U Uw ide. If l exrtu or tierud tajttit fa, tu le,,. the pAlo U mj nu Ueux TW7 irtrt. At Um It fc4 u UKwrt wrfU tr rtoot y ""!. Su-utUmoeS of J.oU l. 1 eoKaewj utter BR. MILES' HEART CURE V ! ta' Pwn4 UUj. Dr. if , Salem Steam Laundry Please notice the cut in orieR on the followingj ffi'en Stoiocenu !cki.icrnur' 5toiocenti .J?Z? P13 ,hP 4 Per dozen d other orlc in proportion. Flannels and other work in leiugently washed by hand. CoL J. Olmsted Prop. A SPECIALTY 1rJma Sffi!S5SBSK5KHSSS mrttnntir.irlZizrt.-ii" """'"Con. case we cannot cure. This di5S ifia . r a toffled the iklll of the most eSl2Phna?J?,I'",!?8 clans. SoOO.OOO capital behfnrt "itpl,ysl. UonaliraarantT. AbsoIuV!,r.oar "ncondl. 901 Matonlc Temple, CmCAQQ. jS.r'' j ... 'Ct-ISH'.? !."-l - altrrl, 1.. lalMi4i.Ta Wul f.. , atural dl7 flctntutl VI rhari'M jr anv inHm... , Buurjuuie. nan, irnMtiuD or ulcera- IrHtEiusCftuiciiCa, Lranir Xon-Mtrlngoui kCU(aun.o.S2 &3 07 nracriit. pr fBt iu piin wrarrer. ity tivri-M, prepaid, for 1 w .1 ' ottiw, firv - ' na rciccsa REMOVED, l) S. Uentley, successor to Salem Improve, ment Co., is nicely housed at the corner of Cher.eketa and Front sneets., and west of the First National Hank Thinking the public for pas. favors, we would gladly have them call an I see us at nur new oflice. Having the telephone moved, when you desire any thing ring up No. 30. All business attended to pioiipily, A full btock of supplies ou hand, especially of all kinds of wooi. I 5 I in Depot express. MADE ME A MAN j?7 J,ADLrs"MrnvELT emus 1 Uw UeU mLWLWml bo YEARS EXPERIENCE. Uf. .1U1CS Hurt Cum r r 1 3 4xk EjsSgi-JSaftsa! ttSSMssst cnileaa. T:nrrTT?? ""- . v.:r..7-,T" :r m tU-CUUKl a TRADE MARK0, UESIONS. tnOVDlnilvn :- mm 8CIENTIFIC AMERICAN, mala tmA u. .-TJT. iHTJrfS" n la tack c 301 1 For Do'lcaev. tor parity, and f er inpr9Temeit 0, th M.cta all masl and pujcugtr trains. Bag gage and express to all parts of the city. Prompt seivice. Telephone No. 70. JAMES RADER. J. H. HAAS, WATCHMAKER AND JEWELER, Makes a spwialty of fine repair work, Seth I'homas clocU. etc., 215 Commercial Street Iver Larson, Of Enger, Marion county, Oregon, has applied for a patent for a Rolling harrow And pulverizer that has had no equal hereto fore. Iyer Larson, Enger, Or. 12-15 im MCKEItMAN k WW, Dealers in Groceries, Linuors, tobaccoi, cigars, confectionery A full iine of high-grade bailed goods of all kinds. 218 Comm-rc'ial st , SJ'ern. Ladies Who Value Awfictd compJexlou must ubo I'ononl'a Pow- u prodneo a soft and beautiful ckln. der, s.a Th. RosV Proshnoss a5..tt vty witness of the skin la Invat- I iSSS,S3i.n? ? t" who USO POMOICI' oer. - .r-Jj.it "-- ji-rj-iviijTJum