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THB -PATC.T CAPITAL JOUB.KAI4, tALIM,' OKJOOW, SATURDAYS AUGUST 1, 1914.
Editorial Page of The Daily Capital Journal
SATURDAY
AUGUST 1, 1914
ilJMlY ?L JOURNAL
, PUBLISHED BT
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Phone Main 82.
GOLD, AND WHERE IT GOES.
THE American citizen need not worry about this coun
try exporting a few millions or a few hundred mil
lions of gold. The United States is a gold producing
country just as it is a wheat producing country, and
the exporting of one is no more alarming or unnatural
than the exporting of the other. Our annual production
of gold is about $100,000,000 and we coin about $55,000,000.
In this connection it may be news to some to say that
twenty-five states produce gold. North Carioina pro
duces more than Georgia, which is the oldest gold yielding
state in the union. Another thing that will surprise many
is that Illinois produces considerable gold. This comes in
connection with its lead crop. Experts say the total pro
duction of gold since 1492 is about $15,000,000,000, and of
this the United States has produced about $3,500,000,000.
Gold has been melted and remelted until all track of its
original source is lost, and whether there is any of the
metal left us from ancient times cannot be known, but the
amount, if any, is trifling.
It is estimated the world's total supply of gold is now
about $10,000,000,000, or only two-thirds of the amount
mined since the discovery of the new world. Shipwrecks
and hoarded coins buried and lost account for part of
the loss, but the greatest loss comes from the wearing out
of coins,, from use. When one considers how long a coin
will wear and how slow is its abrasion, it seems impos
sible that billions of gold have been lost to the world
through that means, but it is undoubtedly true. Taking
the loss as estimated, as $5,000,000,000, and allowing for
the loss by shipwreck and through actual loss on land,
and the amount of gold worn from coins in the past four
centuries would amount to above $3,000,000,000, or more
than 5000 tons. The United States has now, according to
a statement recently given out by Secretary McAdoo,
about $1,892,000,000, enough to let us wiggle along with
comfortably for awhile.
THE WAR SITUATION.
THE present warlike situation in Europe may be brief
ly summed up as follows:
Austria decided to revise its boundaries by sub
jugating the Balkan states, taking the assassination
of Crown Prince Francis Ferdinand as an excuse, alleg
ing that a Servian plot to overthrow the Austrian mon
archy was at the bottom of it.
Austria's great ally and confederate, Germany, backed
up the move and demanded that Russia and other nations
keep hands off, thus "localizing" the war between Austria
and Servia and its small allied states. Probably this ac
tion on the part of Germany was at first a bluff, but the
great triple alliance Russia, Great Britain and France
formed primarily to maintain the integrity of all the Eu
ropean countries and to hold boundary lines where they
are at present, stood firm and demanded that Austria ar
bitrate its differences with Servia without recourse to
arms. Russia especially could not afford to allo-.v Austria
to wipe out the Slav nations of the Balkan regions over
whom the czar has long maintained a nominal guardian
ship, because of kindred racial ties as well as political
reasons.
If the great war begins, all the other leading nations of
Europe will be arrayed against the Austro-German feder
ation, with several smaller nations maintaining their neu
trality if possible.
It is up to the kaiser now to stop Austria's invasion of
Servia and back down, or measure arms with the nations
of the powerful triple alliance. The time for bluffing has
passed and the next forty-eight hours will probably wit
ness the beginning of the greatest war of modern times, or
the complete humiliation of the German kaiser.by his ac
codins to the demands of the allied nations opposed to
his policy.
A lew weeks Kgo butter took a drop of about two and
a half cents a pound, and the standpat papers at once
jumped on the democratic administration for having put
up a job that was ruining the farmer. Now butter is
higher than before the drop. Will these same papers
LADD & BUSH, Bankers
Established 1808
CAPITAL - - - $500,000.00
Transact a general banking business.
Safety Deposit boxes. Travelers' checks.
SAVINGS DEPARTMENT.
accuse the democrats of causing this? The answer is
yes. You see when a product gets cheap these papers at
once appeal to the producer, and point out that he is rob
bed by a soulless party and a rotten free trade law. When
the price of these same products advances they call at
tention of the consumer to the fact that they are getting
cinched by heartless politicians and a free trade law that
has ruined home production. Truly the tariff is made to
do some wonderful stunts.
A dispatch brings the startling announcement that Mil
waukee has closed 212 saloons. This on the face of it
would indicate that Milwaukee must be about out of sa
loons after that move, but this would be a sad mistake.
Milwaukee can still provide local liauid refreshment to
her own, and no Milwaukee man or woman either need go
1 in ... O
aDroaa ior a sup or two, nor need they go thirsty very
long or iar. ivmwauKee, alter tms neroic closing stunt,
Still has one Saloon for everv 250 of her inhabitants, an
there is no necessity of anyone suffering from aridity of
me morax.
Arbiters of fashion in New York have decided that the
automobile is so common that it is no longer an appropri
ate vehicle for the real salt of the earth, and that to be
ultra fashionable just now, one must have a span of splen
did horses. We don't go much on fashions as a general
thing, but can heartily commend the indorsement of a
real live horse as about the proper thing.
Congressmen draw 20 cents a mile mileage, but the rail
roads cet onlv three cents a mile. Is it nossihle thp Pull.
man Dorters hold the congressmen un fnr the other 17
cents, or do they hold the country up for that sum?
As U'Ren is of the ODinion we have too manv laws. it.
naturally follows that he initiates a few bills and prepares
a iew more ior tne legislature, to prevent us having too
many.
Will someone kindly explain iust what kind of a ioker
U'Ren has in his statement that he can do more for pro
hibition outside of the party than as its candidate.
All praise to the Luther Burbank of the long aero. who.
starting with a cucumber, gave humanity the round-bellied
and delicious watermelon.
Has anyone heard anything about a place called Mexico
during the past few days? Somehow it seems to have
been wiped off the map.
WHAT TO SEND THE PAPER.
(By J. H. Cradlebaugh.)
The statement's in the Biblo, we nre told, and so believe:
"It's better for humanity to give than to Teceivc;"
And this applies especially to measles, itch and lice,
Likewise it goes with castor oil and also with advice.
So here's some of the latter, for the man who nightly Tends
And appreciates tho Journal, as to things the paper needs,
Along with Borne suggestions and a hint or two about
Some other things it easily can wiggle on, without.
Wo do not need a letter from somo foreign watering pluce,
Nor a two-column clipping, just "to help to fill up space;"
Nor Maymio's winning essay all about "the higher lifo,"
Nor Elbert's dissertation on "the duties of a wife."
Our appetite for love tales that was sated long ago,
Likewiso our ardent longing fnr tho sob-tale full of woe;
For our exchanges have good things wo are free to clip at will
If our scissors do not fail us or our paste pot get a spill.
But when May me and young Elbert, growing older, swap their vows,
And you've got a "quiet wedding" ruising turmoil in youi- house,
That is something that our readers will be pleased to know, and you
Will confer a lusting favor just by 'phoning 82.
The stork somehow we never could keep clises on that bird,
And to list his promised visits would, of course, be quite absurd;
And besides ho lias a haughty way, and holds himself aloof,
So we'll thank you if you'll cull us when thnt bird "comes off the roof."
Should Death Lis chilling fingers on some near and dear ona lay,
.ne us iiie msr siui --personal ' or mm who passed away
Tho name, the age, tho place of birth, the day of funeral,
The brief biography, in fact, which after all is all.
the neighbor's horse that ran away, or mnyhnp 'twns his girl;
la either case drop us a line or give the phone a whirl.
A fire, a flood, a loss of crops, we'll none of these refuse,
For they are what the paper needs, its daily food tho news.
An extra crop of anything, another orchard sot,
The meeting at the school house, and just why tho "meeting met,
And if your folks go visiting, please tell ub where and who,
And send the names of other folks who como to visit you.
Kemember, too, the local pngo is but the resume
(Be sure to get the accent) of the doings of tho day.
Ho just cut out tho fillers, the essays and the views
On tariff and all other things, but send the local news.
Old Mother Hubbard
wise dnmes nre baking, the johnnie
cake making, they wcrk the old stove
till it busts; with lntfyliko ardor they
stock up the larder, and so they can
lnugh at the trusts.
Old Mother Hubbard, sho went to the
cupboard, to got her poor dog a bone,
but when sho got there the cupboard
was bare, and so the poor dog got none.
Then old Mother
Hubbard she sat
down and blub
bered and rousted
the scandalous
trusts: "They're
surely inhuman, to
rob a poor woman
of even the bones
and tho crusts.
1 Ml write to the
papers and show
up their capers,
and prove thr.t
we need a reform;
I'll skin them
e mpletoly, and do it up neatly, while
I am indignant and warm." The old
woman's neighbors, who stuck to their
labors, had plenty of grub in their flat,
they promptly made payment for bon
nets and raiment, their bow wows were
rolling in fat. But old Mother Hub
bard, she idled and rubbered, at suf
fragist meetings, and sic It. and so sho
was rrollow, with nothing to swallow,
while sensible beldames got rich. The
oiTt1it, tfHtr
I Ailuu N.wsp4p Strttc
I
RYAN'S MARKET
GETTING POPULAR
I if. $
i WHAT SHOPPERS FOUND
I AT THE PUBLIC MARKET
;
Karly dwarf corn 10c
lf'.uibnrd, 11 .. lc
Beets, bunch Be
! Spiced fruit vinegar, quart....lOc
Fresh buttermilk, gallon 15c
Big carrots, 2 bonencs. ... 5c
$ Beans, gallon fie
: sfe Squash, each 5o
Chickens and ducks 23c
, Fryers, 31b. size .50e
j Mammoth blackberries, box.. 4c
! reaches, each le
. Sweet apple cider, glass 5c
' With bnkets on their arms, the shop
per thronged the public market today,
Unusual
Values
in
Summer
Furniture
is jHf
tlnt.tf
h n MCA
It is the annual summer furniture clearance time and straightening up of
stocks. The idea is to get the quantity of summer merchandise down to the
smallest possible volume the result is bargains. Reduced prices all along the
line. It is certain that there is no other season of the year when a dollar will
do so much work as now. We will crowd your dollar full of value. Come and
see.
Old Hickory
Old Hickory comfort chairs and rockers at a substan
tial summer saving.
Arm Chair, regular $5.25, summer sale price $4.30
Arm Chair, regular $7.50, summer sale price $6.45
Arm Chair, regular $9.00, summer sale price $7.65
Arm Rocker, regular $6.00, summer sale price $4.95
COUCH HAMMOCK
No. 5 Couch Hammock, similar to cut, covered
in heavy khaki colored duck, with soft cotton
filled 20-pound mattress, woven wire spring
base, pocket for magazines and papers, sells
regularly for $9.50. (7 Efi
Summer sale price. J .OU
Refrigerators
Refrigerators at a big saving. Since summer is just
about half over, this offering has added interest.
No. 1 Regular $10.00, summer sale price .... $ 7.75
No. 404 Regular $15.00, summer sale price. . . .$11.75
No. 428 Regular $27.00, summer sale price. . . .$19.00
Rf irlnwl Pnm,lnfo!;nn 1 .
"iaiiun'u xtcguicti yoo.vx), summer saie price. . .$1:7.50 t
MpHrar Pomilnv CA OA i .
..vj iv6uioi tpw.vu, summer saie price $42.bU
Ml
P'!j
lpf tfiMJMnc)
HAMMOCKS At the following prices no home should be without one this
summer.
Regular $1.50 value, summer sale price o.3c
Regular $2.00 value, summer sale price ............. $155
Regular $3.50 yalue, summer sale price $2 75
Regular $5.00 value, summer sale price o'g5
Regular $7.00 value, summer sale, price " . . . . . . . . $5 55
MttHMi ntnut
in the Kyan building, opposite the Mar
ion hotel. As early as 6 o'clock the
farmers brought in their fresh produce.
Buyers and sellers mingled in stirring
trade, exchanging city shcekles for gar
den truck and fruit.
Fifty dozen ears of pearly kernoled
early dwarf corn were brought in by
C. C. Russell, of Central Howell road.
Russell is a professional gardener, hav
ing carried away many prizes at tho
Oregon state fair, and his corn and
vegetables vanished like mist before
the sun. C. H. Taylor, of Turner, had
a case of honey on sale. It sold the
old-fashioned eastern way of 15 cents
each or "two for a quarter."
The ladies of the Christian "church,
represented by Mrs. E. Gillinghatn, had
n long table display of frostrd cakes,
sult-rioing bread, ehoiee fresh straw
berries an out-of-seasou delicacy and
"Dutch" cottage cheese, which was
meant to sell by the pint but went "in
one grab" to a singlo purchaser, "dish
and ail." Peter Harmon, of booth Sa
lem, had a good display of vegetables,
his stringlcss green beans were "some"
Kentucky wonders. Dairy butter was
the contribution of J. B. Hawthorn
to the steadily growing display at the
new public market, and C. A. Muths,
'..tb9 P to bring in iTrDtTjTfT ," "
us garuen ami rancn goods, was on the mULMLrtll llLrll Al I
scene well enuinned !tt, f.l. . I "VI
! --rl - ...... .icon
per to wrap and bag neatly the pur-j
chases. Eight ducks and 10 chickens!
irom me ooutn iiiDerty rancu of S.
FOR THE GERMANS
I Dougherty "didn't last no time," nd MinUtT wrw.v w .
! there were dozens of others. i Minister Herrick to Tabs Charge of
x-wuasay m rails following Depart
nre of German Ambassador.
STANDARD QUITS I
EXPORTING ITS OIL!
. Xew York, Aug. 1. The Standard!
Oil company today discontinued, until1
further notice, the exportation of pe-1
troleiim and oil products. j
GLOBE-TEOTTERS ABE I
ESTIMATED AT 50,000
New York, Aug. 1. Thomas Cook
and Sons, the tourist agents, estimated .'
! today that there were 50,000 Americans
: on the continent of Europe. Earlier
, guesses that there were 100,000 they!
cosnsidered excessive. A certain pro
portion of the SO.000, they said, were
permanent European rsi.lnta K.. I
(majority were visitors. . i
. Whiskey is the key that has enabled
1 many a man to unlock the door and
let himself into jail.
Washington, Aug. 1. That the Ger
man ambassador had left St. Petersburg
was reported at the White House today.
Ambassador Herrick, America's re
tiring representative in France, cabled
that a plan for nlncintr tho offo; nf
the German embassy in Paris in the
United States ambassador's hand was
under consideration.
The administration was quite willing
that this arrangement should be made
following the German ambassador's de
parture from the French capital.
Ambassador Sharp, the United States
newly appointed representative in Paris,
would soon relieve Herrick, it was stat
ed, but the latter would remain indefi
nitely to help his successor.
Official messages from Europe said
the outlook there was "not encouraging."