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About Daily capital journal. (Salem, Or.) 1896-1899 | View Entire Issue (July 22, 1897)
CHASE Writes An Open Letter To the Sheetiron Thunderer of Oregon Journalism. Editor or tlie OrcRonlan: "Will you kindly -allow your aufjust attention to bo called to one of the numerous examples of sophistry which are continually cropping out In your dally articles on the financial ques tion ? It seems to bo your pet line of argument, but It Is peculiarly inapt In addressing people who find any pleasure In the exercise of their reas oning faculties, from the fact that any attempt to follow it oat to Its logical conclusion speedily discloses the truth that it has no logical conclusion. You contend that practical bimetal lism is Impossible, either by independ ent action or by an International agreement, and your basic nrgumont Is that any nation which should adopt free coinage at any ratio less than the world's existing commercial ratio would Inevitably lose all of its gold to the gold-standard countries, and at tract a Hood of silver from those countries, to take its place, without appreciably raislug the world's priced of silyer. Now it is possible to con ceive of intelligent men agreeing with you as to a temporary loss of gold by the United States in case of the passageof a free coinage act, but to swallow your proposition as a whole would really be unworthy the gastronomic Instincts of an ostrich. However, let us, for a moment, play that your are right. Then let us suppose that the United States should adopt free coinage at the ratio of10 tol. She would lose all of her gold to other countries and get silver into Its place. Then suppose that France should adopt tree coinage at the same ratio. She would lose all of her gold to other countries and got silver In re turn. Then suppose that Germany adopts tree coinage. (Now do not stop to argue that Germany wouldn't do It,) for a natural law must not de pend for Its operation on probilltiL'S. So Germany would lose all of her gold and be drowned in silver. Then suppose that our example were fol lowed at Intervals by Spain. Italy, and Scandinavian countries, Peru, Venezuela, Turkey, Egypt and all of those happy and prosperous and alto gether delectable gold standard ; countries whose example you wish us ,to ape, leaving out England. Thsy would all lose their gold to the one remaining gold standard country, England, and get silyer In return. We will be obliged to suppose that England Is able to absorb the world's stock of gold and to furnish about twice the world's existing stock of silver to take its place. Of course that is an absurdity, but a little thing like that need not trouble an advocate of the gold standard. But f now we suppose that England her self should adopt free coinage at the ratio of 10 to 1. Will you kindly satisfy an uneasy curiosity as to what would then become of all that gold ? J?rehapsan international agreement would then be possible, and it could be shipped by rail to Mars, but from whence would come the flood of silver with which a proper respect for the opinions of your sort of mankind would require the British Isles to be inundated? But, honestly now, could even a Populist argument bo more ridiculous than the supposition that this pro gram could be carried out indefinitely? Yet. as it is In direct lino with your argument, where does the-rah, "In sanity" come in? Is it not in your as sumption that no legislation can effect the value of silver? Would jiot the Indicated process very qulcklj cause the price of silver to advance until the commercial ratio and the coinage ratio would be identical? Do you, with all your profound economic wisdom, not know that the exchange. able yalue of gold and of silver is regi ulated by the laws of supply and demand? Do you think that the stamp of the government on gold coin can place it out of reach of those laws? According to your own argument, the adoption of free colnagetby thU country would throw our whqje. stock of about 8600,000,000 of gold on the markets or the re-'t of the world. Do you really contend that the effect would not bo a lowering of the ex changeable value of gold In lth03J m irk 'In? Furtlior, your argument is ih.it wa would re ceive silver In return, for If we did not receive silver wo would surely get our mouey's worth In something else. Now do you think that the sudden demand for 1,200,000, 000 of silver would cause no more than an lnsignilicant and temporary rise In the exchangeable value of silver? Further, still taking your figures, wo would requlro 000,000,000 of additional silver to make up for the depreciation of our silver and paper which wo have now, nr a total of 1,800,000,000 to come out of the world's stock of 3,400,000,000 outside of the United States. Yet you do not think that there would bo any legitimate rise In the price of sil ver? And you think that you know something about logic! Do you not know that the action of any country, great or small, which discards silver as standard money,and adopts gold in its place, in proportion to Its commercial strength, Inevita bly raises the exchangable value of gold by Increasing the demand, and lowers that of silver by decreasing the demand ? Do you not know that the reverse of the process must have the reverse effect on the prices of the two metals? Surely none of your excru ciatingly "sane" men can deny tills. And now, to return to our program, of the dllema in which your argu ment lands you, which horn do you choose to grasp ? Will you insist that the process indicated could be carried outindetinitely.or until all gold would go Into permanent and utterly useless retirement ? Or will you acknowledge that the commercial ratio would be b rought to the coinage ratio ? If you choose the common sense alternative, how can you be so unutterably sure that the action of the commercially strongest nation on earth, the-Unlted States, could not bring the price of sliver to the coinage value? nave you ever figured it out, or has, the god of mathematics given you his per sonal assu ranee on the subject ? David Burr Chase. Salem, Ore., July 18, 1897. Sustain Silver Papers. Then: are mny silver men who aro giving their exclusive patronage to gold papers. Thla Is wrong. Gold papers can do no harm without readers, and silver papers and re from -papers can neither llye or do good unless they are suppprted, and tho duty of this support rests on everv natriotic citizen. No syndl- cates and cither our silver or reform papers. These may be supported by the people or fall, and which it shall be rests with those silyer men now Riving their patronage to gold papeia and not patronizing any silver or re form dally or weekly. SUBSCRIBE EOU SILVER PAPERS. Wo should also discontinue our pa tronage of the gold standard press, and subscribe at once and pay In ad vance where possible for such silver and reform papers as are striving to hold all those In line who favor the retaining of our greenback, coin and silver certificates circulation and the restoring of sliver to its original money function. Wo are of those who belleyethat these matters are not all the reforms that It is necessary to secure, but this exigency is upon us and it is all that we can now meet and acomplish. This action taken now will prepare us for 1898and 1890, and it 19 necessary to begin systematically now to reduce the circulation of the gold press and advance the circulation of ours, be cause, as soon as the time arrives to push the Walker bill or some other like measure, the gold standard press, will be a unit in alarming thecountry to petition congress that It Is neces sary to destroy all money but gold and national bank notes, 60 as to have a currency which the bankers say will be based on confidence and gold, and they can limit or enlarge tt at pleasure without any restraint by the govern ment as to the quality of circulation they should put out. Hop Growers Attention. "Hop Evener" something new and useful Invented by A. J. Jerman. of Switzerland, on exibition at Win. Brown & Co., 230 Commercial street, every hop grower should have one. Call and see It. d&w 7 12 ltn BADLY POISONED Much Suffering Experienced and Ap petite Failed. DAY3 CREEK, OltE "I Wfl3 badly poisoned with, poison oak last oummor and I could not got rid of it, until I took thrco bottles ot Hood's Barsaparilla to purify my blood. I have found Hood's Bargnpnrllla to bo tho best blood purifying medicine that I hare ever tried. It gives mo a good oppctit o and makes puro blood." Mrs. MAimiA Ciianey. IIUUU S rlUSwtthHood'aSarsnparllla. THE WILLAMETTE The Willamette is located In the business center of the city, also in the same building as the Wells, Fargo & Co's. office. Ladd & Bush banking house one block north. Tho electric street cars terminate and leave this hotel every few minutes for all pub lic buildings and other points of In terest. Every and all conveniences arc offered to our patrons. The "Wil lamette is headquarters lor nil public men. It Is one of the largest and best equipped hotels in the Northwest. A. I. Waqnkk, Prop. Keed Drops "Muchly." Bran and Shorts are cheaper than corn. Price of mill feed jcreatly re duced. Call at the mill for quotations. Deliveed free in quarter ton lots. Salem Flouring Mills Co. 0-18-dtd. ., . THE MARKETS. TRO VISION. 1'oitland, July 22. Wheat vallty, 71c: Walla Walla, 68 Flour Portland, 3.75juperfine, 2 25 par bbl. Oats White, 34oc; grey, 3739- Potatoes. .New soa6oo per cwt. Hay .Good, 1013.50 per ton. Hops tomjtf. Wool.. Valley, nf3o; EaMern Oregon 7(Soc. Mohair. 1 9(g) 20c. MUhtuMs..Bran, 13.50; .horts 1550. Poultry- Chickens , mixed 2 75(0)3 i.5. broilers, i.5o3 50 turkeys, live 10c Eggs.. Oregon, 14315c per doz Hides., green, salted 60 lbs 6c; under 60 lbs 5c; sheep pelts, io7oc fallow 2c3C Onions 00c per sack. Wheat Bags Calcutta5.25 per 100 Beans-smaU white, I ljfc.lima 333 Hogs Heavy, 4.00 Butter.. Best dairy ,253o; fancy creumtr) 354oac per roll. Cheese .njc. Dried Fruit Apples, evaporated, bleached 6V7ci unbleached 3iC4c; sundried SVmC rears 5c6c Plums, pitless,3c4c. Prune 4jic(S6c. Veal small 4ja5; large 34c per lo. Mutton Weathers zmVI: dresied mut ton,4 a5c spring lambs o7c per lb. Beet Steers 3.50; cows 2.50(0)3; dressed 56J. Cured Meats .Hams locloJc bacon "j Lard in pails, Jc. SALEM MARKET Wheat '62. Oats. 34c. Hay,. Baled, cheat, J6a7 Flour. .In wholesale lots, 3.80: retail ' A A A VftA H all AA 9 a nlirtvlrt tfh'JI m M ft "d.Vaie ,s' Poultry. Chicken,5 spring io, veal Dressed, 3. Hogs.. Dressed, 4.00. Live Cattle.. 22 Sheep.. Live, 1.50. Spring lambs, $1. 03 Wool. .Best, 12c. Hop.. Best, oa ioc Kggs..i2in trade. Farm Smoked Meats Iiacn. 7c; turns 100; shoulders, S'AC- Potatoes 30c trade. Dried Fruitr-Apples, evapoiated bleached, 7o 8c: unbleached 4c5c. Plums, 4c Butter Dairy 1 cai2c,- cicamery I2j 15c. GIVES STRENGTH TO MEN. It is remarkable fact that a rran never ap preciates the sufferings of others until he himself, has passed throuch the fire of pain cr remorse. Then it is that he looks around for those who are suffering he wants them to profit by his experience, he gives his time and money gladly for the benefit andj never tires of his zeal. There are plenty of men weak and worn out, Struggling with remorse and fear, and the natural outcome of habits that brought incapacity a sense of lonesomeoess and a feeling as if the best side of life had been banished forever. Such men should write to Thomas Slater, Box 390, Kalamazoo, Mich. He will send free of charge by mail, in a plain sealed envelope full particulars about the method he used, and this will enable any man to get a complete cure at home. It is the method Mr. Slater used to cure himself of the trouble that sap the strengbt and vigor. The cure was so complete, 10 tatisifying and such wonderlul chance Jrom ins lormer condition that he will gladly tell others all about it, sending alt particulars. He figures that he doesn't know of a better way to show his ap preciation of his own cure and the sufferings of others. There must be generous men In this world to off-set the tide of avarice. Write to Mr. Slater, it will cost nothing for bis des cription aad method S ! trying to drive a undertaking to do houseclcaning with soap. The modern cleaner, Gold Dust, hits the nail on the head and drives it home settles your houseclcaning ing, cleans everything, saves you. '. 'Vt IvSn r3 Soid everywhere in large packages, 25c. Made only by THE N. K. FAIRBANK COMPANY, St. Louis, Chicago, New York, Goston, PhllzdelpMa, San Francisco. s grgspaspemsfiss? OREGON. tote Normal School MONMOUTH; A. 1 RAINING SCHOOL iliil if i h ,tom ail mm iSSt,.. WJ s4 aHSSiSKr'"- "-" SHMrfyg-ssri 'Unpnlnr normal course of thrco years Senior year wholly professional. Training department of nine grades, with 200 children. Instruction and training in gymnastics (Swedish system) and vocal music for public schools. The Normal diploma Is recognized by law as a Stnto Llfo Certificate to teach. Light expense, tutition, books, board and lodging (approximately) $135 per year; students boarding themselves, 8110 per year. Academic grades ac cepted from High Schools. Catalogues cheerfully sent on application. Address " P, L. CAMPBELL, Pres, OrW. A. WANN. Sec Paculty MANHOOD RESTORED guaranteed to cure all nervous diseases, sucu as weaic Memory, Loss of liraln Power, Headache, Wakefulness, Lost Maahood, Nightly Amis sions, Nervousness, all drains, loss of power in Generative Organs of euuer sez, causeu oy over tobacco, opium or stimulants, which lead to Infirmity, Consumption or Insanity. insanity, mb PC currieu in vesi preoald. Circular Free. Boldliv Can be carried irepald. Circular Free. Sold 1 Manufactured by the Feau Drue Co., dlstrlbuttagagents, For sale by D. FtSiDodu Reads tne"X-Raii$i fru Asirv Oregon's Great Silver Fill enclosed blank for a trial order. The "XJRay" Daily, Sample copies of THE X RAY DAILY (35 cents a month) arc tent lo liryan Democrats, Populists, Silver Kepub- flU ucans, union uimecaimis aad uoin btanaard voters, McKinley Republicans. Largett cir. culation among Silver and Reform People in the State. Everybody ri ads the X Kays. s .H j nervv JS11AV3? M. 5Sk spike with a tack hammer, difficulties, injures noth 'fWoclifiior Powder. OREGON FOR TEACHERS lly uMlHgr Dr. lcnnn Yellow Nerve l'llltj. This wonderful reinrdv - exeriion, youimui errors, excessive use or in vest pocket, ft.- pocket. Jr.oo per box, 6 for $j, by mail ijr all druggist! 111 druggists, asic lor it: taice no otner Medicine Co, Parlb. T'rance. Laue-Davli Third and Yamhill Sts., Portland, Or. J. FRY, Salem. If s a I teof E 9 : j ts D n d 'GR. F3 Live people read a paper that is positively a ted hot thing all the ONE CENT be sent j&m&mm&&mimmmmQm w. J, HUFFMAN, WILLAMETTE u J Ml Coiner lcitj anil Slate stitets Telephone 172. M,-.c rro ,! Wt fieM wt. ov 6 uu. wv "v.vo M always in readiness. FIT Coast or mountain parties n specialty. 7 14 tf THE) s u SAMUEL CASE, PROP. The leading first-class hotel of Newport, onYaquina bay. The, Oregon health and ummer lesort. This house commands a beautiful view of the I'acilic Ocean, Vaqulna Bay and the Coast Rargc of Mountains Sfeevens' 1IT HER PATENT PENDING. Dryers new in operation on onr place near the asylum. Call and ee them, Fruit growers are invited to investigate bes fore buying or building a drier. Our claims are; 1. Unlimited capacity. 2, Cheapnes of constructior 3, Rapid production. 4 Easy , cheapness and simplicity of process. Write me (or testimonials and experience of growers who are using the Steevens since'two years. Estimates and specifications furnished or.driers built. Address G A. STEEVENS. Salem, Or. OREGON CENTRAL AND Eastern R. R. Company YAQUINA BAY ROUTE. Connecting at Yaajlna Bay with the San rrancisco oc xaquina uay uteamsblD (Jo. STEAMER lAltALLON,,, Sails from Yaquina every 8 days for San Francisco, Coos Bay, Poit Orford, Trinidad and Humbolt Bay. Passenger accommodations unsurpassed. Shortest route between the Willamette valley and California. Fare from Albany or points west to San Francisco: Cabin, $9; steerage, $5; to Coos Bay and Port Orford, cabin f6: to Humbold. Bay, cabin $8; round trip, good 6b days, l6t RIVER DIVISION Steamer '"Albany" between Tortjand nnd Corvaliis, through without lay-over. Leaves Salem 10:45 a m. Tnesdays, Tnursdays nnd Satutdays leaves Portland, Yamhill street dock, 6.oo a. m. Sundays, Wednesdays and Fridays EDWIN STOt'f Manager, Ccmllis, Or. J. C. MAYO, Stpt. RivefDivision. ' -.- 1 rfMiicttf for .,wU, L'Ull!. ri 1 U rinnrniRiorrhna.' iK'td-n . ) ' I'M .natural dis. Ouiul i IlikiUKi. '" Hiiy Innarnina. Hot w HfUurd. ! filtjltlufl ur ulcerA. PrriDtt enrlt(lAn. Cit i.incouii niem iTHtEVHSCiltU'fll'ila lrw Non-utrlosnl, ieotcaui.o.Wm ''', "r rueBiu, 01 aiiii in plain wntppnr. fij xri rropani, ror fl.Ul jr 3 Lotties, ii.K. i OlivuUr not on nqosttb ?I)1 1 n i) il 51 AM ra 1 ORDER FOR SUBSCRIPTION, Holer, Bros,, Publishers Capital NAME. PySJQFIiUOE. STATE Indicate by cross "X" , ,, Enclosed find 25c for Daily Journal one month. ..Enclosed find 50c for Daily Journal two rronths. .,, Enclosed, find $1 for Daily Journal four months. ...Endosrd find $3 for Dally Journal for pn year, ...Enclosed find, f for Weekly Journal one year, irwFill out order for what you want? encloso silver for the time ordered. ,b,Ttplc, copies free and C H MACK, DENTIST ! 5s- -cesser to Di.J. M vKeene, old Wine Co-ncr, Salem, Or. Parlies desiring superior operations at moderate fee in any branch ar (n cpccinl requet. Drf Aug. C, Schroeder Dcutchcr Arzt, Ailelngcr Deutseher Arzt 1m count. Office 39 Commercial street. Residence imerciai street. Ke street, Salem, Oregon. 41 - iitcemti WOLZ & MIESCKE Proos Dealars in'all kinds of fresh and salt meals Lard in bulk, 7c a lb. Cheapest meat in he own. Try them. 171 Commercial St. C. I-i. LANE, n 2tt C I'll n:rciil st., SiUnOr FiTSuUs I5 upwards. Pants! upwands'SH STENOGRAPHING AND TYPEWRITING. Legal ard commercial work a specialty Telephone one-four. Office with Sherman Condit & Park, Gray block. Dictation take at your office and work returned on shor notice, 4 30 t STELLA SHERMAN. T- H HAAS, WATCHMAKER AND JEWELER, Makes a spMalty of fine repair work, Seth Thomas clock, etc., 215 Commercial Street Depot Express. Meets all mast and passenger trains. Bag. city gage and express to all parts or th: Prompt service. Telephone No. 70. IAMES RAD! )ER Building Material! Salem Branch 108 of the Labor Exchange, are now piepared lo furnish at short notice Sand and Gravel of any grade, and of the best quality, and in any quantity. Telephone I7S. 625-nn "AT THE OLD P0ST0FFICE. A. DAGENY, Family Wino and Liquor Store Removed from to2 State to Iqq Commercial street, Bottled goods of the best quality. VI AVI I A home treatment for all forms of women's diseases. also stomach and kidney troubles, catarrh, neryoos prostration and genetal de bility. Hours 3 to 6 p. m. 244 State st. Call or address MRS. F. E, ALFORD, 7 8 Manager for Marion county. MADE ME A MAN AJAX TABLETS POSITIVELY CORE SCI oi7iImpotencr,Bleeploanes,eta,aDfl ..VI br Abuse and othor Kiceraes and Indls. cretlous, rnv guicKiu ana tunmr restore J.oc Yiuutrin oiu or jonng, ana fit a man fat tnlr,bulncu or marriage, ' l'rerant Insanltr and CJonsamptkm It taken in time. Their nun shows Immediate Impro" ment and effects a OC11I3 where.nll other laU.In. lit upon haflnir the eenulnq AJax TaDlets. They ban cured thousands and will euro sou, , V bItb t posltlTO written Rnarantee to street a cure In each uua or rotund the maner. I'rlceoOcenU pur. racksae.pr slxpankanas ((all treatmentl for fS.boUr mall, la ForJ sale at Salem, Or- bv D. J. FRY. year round, Journal t coin cr postal note.and paper wil liberal cash commisJion.to sgt. I , WOLZ'S MARKET HKRCHANT TAILOR D S m m Hftj ieU JK
