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About Daily capital journal. (Salem, Or.) 1903-1919 | View Entire Issue (Sept. 1, 1908)
DAILY. CAPITAL JOURNAL SALBM, ORRGON, TOBffc A SEPTKJkffiER 1, IMS A .& - -s STERN FINANCIAL LETTER mi.,..i I nnw Sent. 1 llKlv " rcoaclude that wo .... Ik. -mnly able to care for Enorlng without assistance " New York exchange :. ,. .mi Chicago clearly in- ,m. and the continuation of T rork asoclated banks to .surplus in excess of lego' CU Is a further proof, the a Chicago anu iu b"" ,,tles at lhc Ijeslnnlng of .miiit find themselves '.-h 1100,000,000 more cash 1)06 and 7&,uuw.v" m - !t year. west bonds are insi sup ttil estate mortgages for rtSt pUrpOSCS, 89 IS cieuuy J hv the tremondoua col- r Wgh-grade railroad and In- BOrtgago ana municipal nUced through cnicngo 1 . . .ni. t.ni.. nt bona nouses mm iii m, of Interior states, chief- d instluttlons. uoumry ol ute have been henvy ln- I la this class of securities no . .s..L..t in (tin nhnfrnol ir!T icnwieu ,3(J by the comptroller of the r This shows thnt the nn banks alone "have absorbed j,jj of bond9 and other se- i daring the last year, nnd or k'we, J30.582.1C9 has been fc'iW since the Btntement H J51.830.130 slnco Fcbrunry l 0,853,999, since tho ro- IDk.3, 1907. These figures bclnde government bonds Ittr bonds belonging to tho I class designated by tho i u available to tho banks r ii guaranteeing special gov- t: (posits. JiJtoul holdings of bonds nnl i, other than "governments" fttrallable to back up spo iii7 deposits, 7GC,S7G,29G .iteibljr moro than half Is r intern natlonnl banks. -olltd country bank holds I2JII, whllo the central re st links New York, Chlca- Ifc Louis hold $191,300,- 166,98G,GGT hnVe found iltb other reserve city na- Ifcli. If tho Incrcnsed hold- itiitato banks Is tnkon Into n'ion It will be seen to what km extent the western k: have absorbed high- k'll nuoa for tho shifting of In- i by tho west from real os tme to high-grade bonds I'luptrlty of tho agricultural ltd the country. Tho farmer riJds It necessary to strug- minder tho weight of n b ca his lands. Another Is stotloa of tho life Inmrnnce -"- through leclslntlvo U by Now York and other Utn from the stsck mar- H their entranco Into tho Hwrm es'ate. and moro es- I r firm loans fult of this reduction of ri opportunities In renl es- tato rnortgnges the western Investor has been forced to turn to other fields. 'Ho Is rapidly becoming fa miliar with tho .salient features of tho bond and stock market, nnd I showing an Increasing ability to did crlmlnnto botween the different classes of securities,' But It 1b In tho miinlclpnl bond market that the real strength of tho west Is manifesting Itself. Recant bond offerings by municipalities Indicate that tho ab sorbing power of the middle west has not been Imparled In the least, and that the Investors nre ready to Lnko high grado interest bearing se curities affording an attiactlvc yield In Jily tho volume of municipal bonds offered reached $20,440,985, n sum exceeded only on two previous occasions for similar periods, and they were July of 1901 and 190fi when tho aggregates exceeded $33, 330,000 nnd $25,442,000, respec tively. Tho bulk of municipal bond offerings ennio from western cities; by far tho greater pnrt wont to west ern investors. A study of tho comparative nrlcot of tho various listed investment bonds reflects tho ability of the In vestor to select securities having a wldo tnnrgln of safety. They hav almost exclusively picked the bond affording tho highest security and yield, combined. In tho Chtcngo list, for lnstanco, they havo made tho Common - wealth-Edison, Peoplo's Gn3 nnd tho Clty,Rallwny and Chi cago Railways C per cent bonds their favorites;. trading In these securities especially on tho Chicago Stock Ex ehnngo tfni been active. Tho Com monwealth first mortgago bond Is typical of this, showing an lncrcaso In not cnrnlng from lesi than $400, 000 In 1903, to more than a million this year, whllo tho volumo of bond Interest pnld annually has Increased only from about $225,000 to $325,- 000 In tho samo period, Inrgely In creaMng the margin of safety to tlio bondholders. Tho Chicago stock markot wont through another weok of quiet In vestment trading, some local shnrcs advancing to now high records since the, upturn, in splto of tho orra'tlc eastern situation. Various Chicago elevated rnllroad shares havo re flected wenknes, attributed, in a measure, to tho Inroads which tho improved aorvlco of tho aurfneo trac tion compnnlcs nro making on their traffic slnco tho installation of now oqulpmont. o New Corporations. Herald Publishing - Company; principal ofllco, Tillamook City; cap ital Htock, $300; incorporators, Hope Watson, Mario Smith nnd N. T. B Pontrenth. Union Iron Works; principal ofllco St. Johns; capital stock, $10,000; Incorporators, W. C. Franklin, O. E. Ohsfeldt nnd ". C. MorrlB. o A womnn without n pin Is a novelty. develepment: (Continued from Page 1,1 JIBtJ ALcoiini. n.r--Ara SassES 3BBHEB P" JtfH IfltJJfliiiM I 4 IliMHfMt 1 1..J - Knn nJU - nfii. SwLCofilaias tKjtfari tt&lwybeij ra. tmt 8 itesS2&5 zrv!"itti JSEVOltK. CASTQRIA For Infants and Children. The Kind You Have Always Bought Bears the Signature of Jr(v fv sV M Jf 0 Promotion of Steam -and Electric L Railroad to Coos Bay. State Highway Construction Through Western Oregon. Automobile Road frbm Roseburg to Coos Bay, via Myrtlo Point. Stnte-AIded Railway trom Ontario to Coos Bay. Opening of Western Oregon Har bors at Sluslaw, Winchester, Ya qulna nnd Tillamook, Opening tho Locks and Canal nt Orogon City bo thnt C003 Bny Coal Can Be Brought up tho Willamette Valley by Water. Breaking up tho Largo Wagon Road Land Grants Across this State nnd Opening Them to .Settlement. Enactment of & Now Water Codo and General Port Commission Law to Dovolop Harbors. This Is a big program but tho de termination of tho men back of it Is to fight for big results and put tho whole state back of tho campaign. Coos liny Alive to the Onuse. Tho Cooj. Bay congress was planned and backed by the Mnroh fleld Chamber of Commerce, ono of the live commercial organizations of Oregon, which hns launched the big gost publicity campaign oyer startqd for that section by tho organization of tho Oregon-Idaho Development congress? This congress is n child of neces sity nnd its purpose is to blaze tho way for tho development 6f south ern, contral and southwestern Oro gon nnd southern Idaho. Tho need of railway transporta tion for this vaBt area, tho. breaking up of Immcnso unused tracts of land, tho utilization of water powers and development of a deep-Boa har bor nro among tho many objects to bo achieved. K In ordor to bring nboilt theso re sults It Is doomed ncccssnry that a series of meetings bo held, both in western and eastern Orogon nnd southern .Idnho, and to thnt ond tho President will correspond In tho nenr future, outlining plans In do tail. Tho next big Western Oregon Booster congress Is to bo hold nt RoBoburg tho lattor part of Septem ber, nt which time plans will bo per fected for construction of a hlgh- eliina nutomobllo rond from that city to Cooo Bay, which will run In connection with tho Coos Bny and Enstcrn Rnllroad making closo con nections at Myrtle Point, nnd short ening tho time, from tho Wlllnmotto valloy to Marshflold from 24 hours of neck-breaking staging to bIx hours of comfortnblo traveling. Report of Organization Committee. We, your committee on pormnnont organization, bog to report nB fol Iewa: Wo rocommond that this orgnnlzn tlon bo mado pormnnont. That It bo known as Oregon-Ida ho nevclontnont congress. That tho ofllcors bo ono president and two vlco-presldents from each of the states of Oregon and Idaho. Ono secretary 'and ono assistant from each of tho states of drogon and Idaho. Ono treasurer from Orogon and ono assistant from Idaho. An executive committee, consist ing of tho president as chairman nnd two assistants from each of tho two stntes, Oregon nnd Idaho. For officers, wo recommend as fol lews: President, Judge S, A, Lowell, Pendleton, Oregon. VIce-presldonts, Dr. J. Tl McCor mac, Marshflolfl, Orogon; E. Hofor, Solera, Oregon; Judge I. K. Porky, Boise, Idaho; I. B. Perrlne, Twin Falls. Idaho. Secretary, C. A. Hardy, Eugene, Oregon; assistant secretary, . & Sheridan, Boise, Idaho. Executive committee, Wm. Grimes, Marshfleld, Oregon; L. J. Simpson, North Bend, Orogon; Guy Barnhara, Boise, Idaho, James OToolo. Treasurer, Hon. I. W. Vawtor, Medford, Oregon. C. A. BEHLBREDE, C. W. TOWER, C. J. MILLIS, Committer. rfMFbodi '. In Use For Over Thirty Years CASTORIA ym Mr,mm . Kerop'd Balsam U a safe cougb cure, for It contains nothing that can harm you. It Ib tho best oough cure, but cots ao wore tkaa any other fcjlnd. All druggUU sell It. . 0 Theso rains have been tough on tho wheat, and the hops haven't been helped any. Married people are quarrel and tight. 0 licensed to CASTORIA l'w blast a CUUtml TtoXMYM tori Atop ltt 3ars the Zi0& ( p$XU WOWMS'8 WOftkMMM. . W refer to that boon to weak, noxrowB, idfferls women known aa Dr. Pterert Favbrlto Prescription. ' 2r. John Fyfe ono of tho Editorial Stan Of TKK ECLKOTIO Mbdicai. Rkvibw sy of Unicorn root (llclontns DMca) whleh Is ono of tho chlof Ingredlonts of the "!'& vorlte Proscription " : ,"A remedy which Invariably acts as a utcr Ina Invlirorntor makes for normal ao UTtty of tho entire rcpruductlro tjrslcnt ' Oo continues "la Uclonlatwcharoamodtca moht which tnoro fully answers tho atom puiixxes than any uUxrdrug wUh vhtch I am acqruitntal. In tho treatment of dlso&scs pe culiar to women It ts seldom that a case L aovn which doi t not Drwent wmo Indication for ttihtrcnu'uiai aacnt" Dr. Fyfo further ar! 7TI10 fotli wlnir arc amonir tho leadlnc tndlcatlou for Uulonlas (Unicorn root). 1'aln :r achlnr In tho back, with iltucorr'hcra j tonic (weak) eonilltlofraof the reproductlM orcans of iorcen. mcntil deprewfon and Ir ritability. Uitoclatcd wltlchronlc tllieac of the rcnrooiK''VC qfaani of wemen: constat X acnsatlon yr heat in tho rcelon of tho kid neys: McnArrhisId (floodlnii). due to a weak ened canltU' ofthe rcproductlre ajatcmf aroenofwryYvrArtjacd or absent monthly &crtud).4Us rfrom or accompanjlne as aunor-M cone tlon of tho dlct'stlvo orjrnni and Amcmlc Ihln blood ) Ttahlt: drtsclr.g sensuous In the extreme lower part of ihv bdoYaoT." If mnrfl or ,p' of tho alKvo svmt'torf gTCTlSiV'"'" ', 'nliJ.PinaOaji 11:1 tw'ttcrlnuii ku i)r. i'icrctvs yavorli 1 yr&afiiuuiii. i.Wonnu roaaiim ingrcui- enta 01 unitii is Unicorn root, or Hclonlas. and tho mimical proicrttcs of which It most faithful. y represents. Of Golden beal root, nnothnr promlnnpt ln;rredlont of "Favorlto Prescription.' Prof. Flnloy Elllngwood, M. D.. ol Hen nott Modlcul (ulk'go, Chicago, says: . "Itl.tan n,i,rtnt remedy In dlKirdora ol tho womb. In til catarrhal condition! Mid aeneral onfeoblement, It l useful." Prof. John M. Scuddor, M. U., Into ol Cincinnati, says of Golden Seal root : "In relation to Its pen oral effects on tho system, then u no medicine ri ue aNiiif rhuu thlr i nuh otnrnl imnnfrndu 0 opindm. U la unitvrjcally truattled aa the tonic uitotul lu allnnbllJtatcrtpinti!." Prof. R. Hr.rtliolow, M. D.. of JofTcrson Mndlcal Collfgo, says ot Golden Soul : "Valuahlo In uterfno hemorrhairo, tncnor rhasla (lloodloe) and concetlvo dyitmeBor rhrea (painful ainiitniatlnn)." pr. Plprco' Favorllo Prescription faith fully roproscnts all tho abovo named In arroutontfl andcurr? tho disease for whlah tiey ar ronoLimondnd Gold Dust Flout DER COMPANY, Sidney, Ore gon. Mndo for family ws. Ask your grocer for it, Hran mid HliortH always on hnnd. Made by THE SYDNEY PAW- P. B. WALLACE, Agt. THE REST ROAST THE FAMILY EVER HAD Can bo obtained from our prime tonder nnd Juicy boof, mutton or pork. All our ments nro Boloctod from tho choicest, and prepared for tho tablo to milt tho demands of the fastidious. Our prices aro lower for qunllty than you can find at any place In Salem, E. O. CROSS, Phono 201. 870 State St. First Class Livery, Sale and Boarding Stables Largost stock of now vehicles In town. The Old Club Stables a Corner Ferry and Liberty streota. Proprietors, Gilliam & Boedlgholmor. Phone Main 7. Salem, Orogon. Great Chinese Doctor ' L. M. II U M Has medlcinu which will cure any known disease. Ho makes a special ty of, and guaranteoB to cure Catarrh Athma,-Lung, Throat, Rboumatlsm, Debility, Stomach, Liver, Kldnoy Treubles: also any blackened or swollen soreness, broken limbs; Smallpox; Epidemic; all kinds of Bolls, Lost Manhood, Female Weak ness, Hernia Troubles and Paralysis Consultation free. Care of Ylck So Tong Co., Chinese drugs and horbs, 153 High St., upBtalrs, Salem. Or. Agricultural College Corvallls, Oregon. Offers collegiate course In Agricul ture, lucludlBg Agronomy, Horticul ture, Animal Husbandry, Dairy Hus bandry, etc.; Forestry, Domestic Science and Art; Civil, Electrical, Mechanical and Mining Engineering; Commerce; Pharmacy. Offers elementary courses In Agri culture, Forestry, Domestic Science and Art, Commerce, nnd Mechanic Arts, jRclndlHg forge work, cabinet making, s-teaaa fitting, plumbing, machine work, etc. Strong faculty, modern equip ment; free tuition; opes September 25. IllturtFfttMl catalogue with full U forwaUo e aj4tcatkB to th R Utrar, fr j . 3 , K' XHH ACME 01iJBM8SW'i , Is reached when listening to the enH trancing strains of a Edison Phono graph. For variety and r6al joyouV ncsa no music can equal that pro duced by ono of the Edison ma chine You can havo any sort of a program you llko. Our collection of, now records embraces tho grave qndi tho gay, tho ridiculous and tho su blime. , L. P. SAVAGE, Salem, Ore. tWe Launder Ladies Shirt Waists and White ,Skirts Just Right. Wo guarautde to. All of, our shirtwaists are care fully washed with a special neutral Boap, Btarched Just where they should bo, starched and Ironed by experts whehavo made shirtwaist Ironing a special study;' Wo nre pleasing tho most enroful dreBsora In tho city with our shlrtwntnt work and aro sure wo can ploaso you. May we have a trial. s . f SALEM LAUNDRY COMPANY Tel. 26 13-166 S. Liberty St. Little German Shoe Store Got footwear that la right for this season, nnd cave shoe blllrf. s 1 I have a now. lino of medium heavy working shoes for fall trade. Boys nnd MonV. Loathor gloves for hnrvost work MY PRICES ARF 'THE LOWEST JACOB V0GT, 345 State Street New nil rt 1 u OREGON BUILDERS ARE YOU DOING WnAT YOU CAN TO POrULATH YOUR HTATH? OREGON NEEDS PEOPLE SeUlers, honest farmers, mechanics, morchanta, olerk, people with brains, strong hands and a willing heart capital or no capital. Southern Pacific Go. Lines In Oregon Is sending tons of Orogon lltorature to the East for distribution through ovory avallablo agency. Will you not holp tho good work ot building Orogon by Bending us tho names and addresses of your frlonds who aro likely to bo Interested in this Btnto? Wo will bo glad to boar tho oxponso of Bonding thorn comploto Information about OltEGON and Its opportunities, COLONISTS TICKETS will be on salo during SEPTEMBER AND OCTODER from tho East to all points In Orogon. Tho faros from a fow principal cltloo aro From Loulovlllo ..,., $41.70 " Cincinnati 42,20 Cleveland 44.75 Now York 55,00 From Denver 130.00 " Omaha 30.00 " Knnsaa City .... 30.00 St. Louis 35.50 " Chicago . , : . . , , 38,00 . TICKETS CAN lift PREPAID. If you want to bring a friend or rolntlvo to Orogon deposit tho proper nmount with any of our ngontn., Tho ticket will thon be furnished by tologrnph. Local agont, Salem. WM. McJrURRAY, General Passenger Agent, Portland Oregon, YAQUINA BAY Oregon's Matchless Beach Resort THE PLACE TO GO FOI PKIIFKCT RKST AND EVERY CON- CEIVARLE .FORM OF HEALTHFUL AND DBLiailTFUZi HEC' REATION. ITS FACILITIES "ARE COMPLETE Dost food and as abun dance of It. Fresh water from springs. All modern necMiHIes, such as telegraph, telephone, markets freshly provided every day. Fuel In abundance. Cottagea partly furnished or unfurn ished to be had cheaply. Strict municipal sanitary regulatloas. NEWPORT $ reached by way of tho Southern Pacific to Albany or Corvallls, thence CorvalU & Eastern R. R. Train service dally and the trip & pleasure throughout. RATE FROM SALEM BKASON SIX MONTH TIOKRT $.Q. SATURDAY TO MONDAY TICKET ., Our elaborate aew 8umr Dook give a concise decrlptloB of Newport, laeludlag a Hit o'f hotels, their caplclty aad raU. Call oh tekphM er wriUi local ageats. WM. McMUKKAY, OeMMral PMgrAiat, rrtlaa4, Ofea,
