i
DAILY
rfieu Lure
m - v nnr AKk ti m - "vuyii
of 'l our trD!..n?iV C. ArerCo..
yotHhinkconsiina,; il"",""! '
consequence. Ju v V r mng
He will dS, ?l?lk. I?r d?c,'
short ordr. hll" y, ,u non In
CAPITAL JQURXal, SALEMj
"xilfcKB life HAHD TIMICS?
OKKfiOX. AVKlKSDAY, UfcCKMUKR.. J2, 1000.
for
That
itert'Oiis mr iiiniKHiB
Tlicj- MV Jk Averted In
the l'tiuire.
1(San Francisco Chronicle.)
jeff dns ago the Phllndclphlti
J.C.AeCo..
Press miiiiiniD.i .. .... .
u 'i arurie on tln
blc8Sd tllflrn nuu .. ... .. Y- 7
. . "'"t uiu it conclu- wuen redemption day
""" lH pessimistic
n ww this probity, gront n3
' '. rannot last Imleltaltelj
cnu. The lirnrt... ...
....jn. limn
camo
thoy
assertion could not mako good because thero
r
vcro so many ln tho snmo condition
It will that there was not enough of that
Will not fnr. Which U ilBinnnilMl In il.i ln.i .. .
ant ,!.. ... . . '"" ,wii
..rJ.M manager, proprietor-' w 8 rr.nnd. There can 1 no doul
or wne. earner." lt adds to this hd
wonderful business activity which r,!'011 "' "80",e 8hrewtl ""B8
Prevails throughout the length niLST T blnn",K t0 ln"
breadth of the lRnd. It declared th! 'tZ I CRsh ,'a",now, M
"tho high tide of unlvlrl f,l ?ll I bI" ?7ho"' " " "Hroad man-
and Individual comfort ..La. T 1 1?" " ao,(,lB ,m eir3 and lm-
comfort, nroflt -.I lm ""..'""' "" ,eiwra ntl
rnn ,..-,. I". IV" . """ antl P'ewwBB for n stul-
n cnan-e if u come." Thon if
Prosperity never ran more high and 'u
s ,llllllllumMUIIiniitimmrrrTtf,
US I U R A
fc' . 1V1 r...,l!'ll'l "ill .11 . II. I .,i i.U. ' :i A
AaMMBUUBkvIMMIkdMMMMIMUAaaAASAIAA1MiAlu
'I
,uppleuits the whole with no slgid
, ui -i.Hr.Ke. m the Iron and steel fir
.dustry and In moat trades there Is
jMslble a demand for a year to coma.
.., none me lew, the peril of and
on title point. The history of every
ilqproseion ln this country and ln
England conclusively establishes that
lnok of Iwsie money was at tho bot
tom of the dimculty. Tho talk of
overproduction is twaddle. The
Avorld hae never yet produced more
Uinji Its inhabitants can euiuume.
nndwhen It haprw that the pro
ducer turns out more products than
ho ooa evil It will alwa8 be found
that, there It u ebetaole ln the way
of the conmimer teulHe the ihiuem
., . . .. . ...... -
w.r ivmiKftuon or prosperity is al- proiuicwi and that he doec not re
av n lark of preparation for thttlrnln from taking then because he
rXclabJcPxcparationfor As -
Etodating uiciooaatuiifcguia
KJtkStomadis andBowcls of
PrMotesDi&sHon.Chccrful-
nsandncst.ConlaIns ncilhcr
OpmmiMorpnme nor Mineral.
JfOTNMlCOTIC.
jixfteroUlXrSWUZLrtTmW
Jlll Sttd"
Alxfrnna
(twtbot -lhCariancttSlt
fl'imfttJ -Clmfud
Suatr .
Iliitoynrtn Jam
For Infants and Ckiirirnn.
The Kind You Have
Always Bought
Bears the
Signature
of
ADcrfccf nemedv forConstba-
tion.SourSIomach.Dinrrhoca,
Worms.Convulsions.rcvcrish-
liessnndL0S9 OF SLEEK
TacSiinilc Signolurc of
NEW YORK.
I EXACT COPr OF WRAPPCB.
A&
I of AW
XS I ii ivef maa
ixf Nr Over
1 Thirty Years
l' THE C(NTUR COMMNT, NEW YORK CITT.
iuTiire."
I The Press asaiius no reaeon for
( Its belief that proaiwky cannot lust
nulellnlu'ly, but if it were preesed
for one It would probably urge that
Jmrd times must follow tho Reed
tlmefl we are now having hocnuso
that has alwnys been tho oxporlonco
of the past. Periods of depression
followed years of prosporlty with
such roEulnrlty that observance of
the fact gave birth to n theory which
hns been almost suporstltlously ro
garded by men wfiosa .business It :s
to lnaulro Into tho causes of tilings
and to not accept fanciful oxplnnn
tlons when tho facte may bo ascer
tained. It oiiKht not to bo ditllcult to dis
cover the cause responsible for tho
depressions In recent times. At pres
ent it is a trllte obscured by talk
about over-speculation, undue expen- .drawing to a cleee the domeetlc con-
slon of credit, short crops, etc., but Jiunutlon will exceed that of 1S03
dlllKOHt Inqnlry will dtfeeloee that In ' fourfold, but the pnpiilMtlun In the
every Instance the root of the trouble .Interval has Increaeed only about 30
was an insuniclent quantity or basic j per oeut.
money. The vast superstructure uf The answer to these nuerleu is
credit of inudern times Is reared un-!oaslly supplied. We did not reduce
on a foundation of promise, and un- tho, rate of our consumption of pig
t II very recently that foundation was Irorf 23 per cent between 1S02 and
'not strontt onouRh to carry the load ilSOO because we had more plR Iron
dote not need or 1c wnable to line
thnnt.
In 1812 this country produced 9.
000,000 tons of pig Iron; In tho fol
lowing year thero wa a panic, and
tho "quantity of pig Iron turned out
foil off greatly. Was that due to
overproduction? la It really true
thnt the peoplo were not nblo to con
Hituio an output as groat as that of
tho yonr named and thnt they re
duced their doiunnd in 1S03 to 0,
000,000 tons because they wore over
supplied the year boforo? If that
was the case, how doe It happen thnt
two or three years Intor consumption
bognu to Increase at a llvoly rnto, the
demand Iltmliy becoming so great
that, despite enormously enlarged
facilities for manufacturing, the mills
of tho country have not beon nble to
keeli abreast of It? During the year
upon It by the oarelees thnn we could make use of. hut be-
They kept on rearing thejonuse we had not the money to puy
We had been doing huslnoa
Its own ion tho credit system, and the coun
try wan loaded up with obligations
I Imposed
I builders.
I lofty edlllco until It became so heavy (for it
ituat it was crusucu uy
weight.
This procoea was usually doslg
'nated ns overtrading, but thnt Is
I only nnother wny of saying that mon
which It could not redeem. Tho peo
plo were wired with an Injuring
mood and hetinn to ask thomsolves
imniit nmro thnn tbov could pay whore all the gold was to oomo front
I . . . ' A .. ...t... ....! lm line SltttiWk tt
It did not take much
fer: In othor words, they
'to redeem certain obligations,
promised ! to mnkn gnod
but promise to pa
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,
Readers who enjoy stirring adventure;
Readers who arc touched by quaint pa
thos inspired by sentimentality;
Readers who like to sec a real man bet
tered by a good woman's influence;
nwwwwwwwwnwiy.wiWKww-'iwww
"nJuAy:
xia
u
HHsWAfc5fert
Readers who like, In
e
splendidly told story;
All these wilt delight in
a word, a fresh
t-i
HnwnnmMwwmt.
IWJLUUAXLXJW rmrlll!taaielWlMWWtrl
THE STORY Or
rf)l i'f
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hk
HTC T'i'
MARTIN COE
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IlfllB
BY RALPH D. PAINE
Author of "The Praying Skipper."
You will agree with us wljcn you have
I read it.
Ask your bookseller or write to
The Outing Publishing Co. I
NEW YORK.
lie ABef eEBeBeBeLeH 'BeBeH
BeVVVeH9llH
WmWb
-
Jl
mUMLILtb
fi?S8;oj:i
Easily
Carried About
The advantages o a PerfccUon
Oil Heater arc reallted -when von
want to heat iorne d.u tieuhe mam
or hallway In a hurrv. Hcfc'a a
heater that vou can easllv caw
about t something you cannot do with
your other stoves, tar superior to other
oil heaters and a necessity In houses that
are hard to heat. The
DFEMFECTION
Oil Heater
(Equipped vlth Smokeless) Device)
gives Intense heat and is as easy to
operate as a lamp. The wick cannot be
turned too hljrh or too low. The smoke
less device prevents all smoke and smell.
Brass oil fount beautifully embossed.
noids quarts ol oil and
burns 9 hours. Ornamental
as well as useful. Two
finishes nickel and Japan,
Evcrv etrr uarr.ititirt.
If not at your dealer's write our nearest agency i
lor oescripuve circular.
TheJ&fl& Lamp SCSS?SS,,r E
. 7T.. . . . fuldy ufti (xtfcclly
cotutrocttd, And h the bttt hmp for ll-tound houuholJ
tut. An ornament to vrry room. Mideolbfiutlirotijh
out and nlckel-phlcd. Every hmp wuranlrd. II not at
dtiltr'i, write to nornt jncy for dricrlptlvc circular.
STANDARD OIL COMPANY
rv a 1
in uT
A
Inquiry of thu kind to dUclxge thr
fact thnt the nMillablo, tok if
metal would not proile on' iwou-
tluth of the in needed for the pur
pose. Such a dlseovery naturally
priHlurtMl a itaycIioloKlcal phetinnie
nun known aa toes of oonrkUnrt' mh1
tilings went to the bad.
Thli iiuwi recent experlsuoe dlf
fora In no (NwentlHl particular from
thoee provlouuly noted whloli gave
birth to the cycllo theory of depres
sions. They were all duo to n like
cause a sudden Impailment of con
Ildence due to knowledge of Inade
quacy of tho mo n oy supply, nnd the
Invariable result was tho clogging of
or complete cuwintlon of enterprise.
Few will he found to take exception
to thW stntuinenL Thnt being the
case, wo have only to ask ounelvoa,
do .h-j condlttoux still exist which
formerly had the olfect of under
them Mumy is the inhnnim of
cxi'linnge ti' d It liik if ilier"
would he enough of It produced lit
the near future to remove all aonre
henslon or the dlsastnra whleh How
from ;; lock of it Md.n ingenu
U has ai'hleyed th. tiiumph of
bringing, the production of basic
money under the operation nt tho
law of supply and demand. The aber
rations which formerly Interfered
with tho working of this luw am
censing nnd cost of production Is
nulling to be the chief factor In d
'termtulng tho output of gold. Thu
supply gf thu uiutal In practically II
'llmllnblo, nnd how Hint mining liau
been nlmont wholly dlvosted of tho
I clement of rhnnco wo may depend
upon tho necessnry (lunntlllea to meet
tho world'a monetary needs being
jprodtieed, nnd tho kniwlcdgo of thin
fact will prevent a recurrence of
mining conlldonoe? To a oertnln ex-' infw Pycuoiogirni uwuiruaneee ami
t..nt tlu-v ilii. The eredtt system la wo niny go on liidollnlColy without ox-
Htlll iilmormnll) develeil, but the
volume of promises compared with
(he ability to redeem them le grow
inu rtdatlvely lees. The eiinstautly
liTnaalng output of gold, whleh baa
purluuclng nit arrestment of gutiernl
priHluellon. Thero U only one thing
which may Interfere and thnt te the
temleuDr of lecltdatoni to HierhH
'with that which geetls ho help from
nark! the enormous total of funr 'tliu. If ther etfek to the m . tarv
i ,i..i ...iiu.. .....uii ....I uhi..ii 'staBilanl we now ha snd wold
II lllltll l ll'IMrVN" f IMn ot h (ii .
iiroinUfS to rnnttaiie tenrilg In-(lt-hnltt
l), la Imparling a sens' of
iiilty whleh will not ! lly under
mined The vest eddltlon to the world's
stock of basic money render It mud
erall certain that the enter prises
if nittuklnd will not soon he checked
trying to batter It we shall gt along
HMDly ami iwntes and herd timn may
become a niemnry.
o ...
It Is the beet safeguard against
Indigestion. bI)loiiuea ami drap!'
sin, known to mankind. Holllster'a
Hocky Mountain Tea or Tablets, 35
iv wa'it of Hih tools to prosecute ' cents. T'or sale at Dr. iltone'i store
i "sasmaax&sajmmmau: m
Soft, Serviceable Slippers
Make Fine Christmas Gifts
All you have to know is the size-s!ippcrs don't
tCQd to he fitted. Wc have the finest stock of
slippers in Marion County. If the choice should
not be exactly right, we will exchange them for
your friend.
Fancy Slippers for Men
Dainty Slippers for Women
Lasting Slippers for Children
So buy them early get the benefit of the fill
assortment and get the worry of Cnrlstntas
shopping off your mind.
Store opens 7:30 Momlay Morning.
i
i
E. L. IRVIN & CO.
Practical Shoe Men,! Acknowledged Icjwkrs
326 STATE STREET
First Class IUpWn a HfWcJHjr, '' U
I
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i.
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