The Dalles times-mountaineer. [volume] (The Dalles, Or.) 1882-1904, 1894-11-17

Rothschilds of Europe, as far as the
wealth represented is concerned. They
fought brave battle against consoli-
d'ted capital, and although the rail-
roads were victorious for the time
being, they have received lasting In
]uries, in a oitical sense, from which
sheJ will not recover for long years.
In banking circles in New York a
new government loan is expected to
be issued in few days. Under the
free-trade policy of the Democracy,
the national debt has to be constantly
increased to keep up the revenues.
What contrast this is to the good
old days when the Republican party
was at the head of the administration
of affairs, and the public treasury was
overhowlng with money. For the
privilege of keeping our markets open
to the products of the world it becomes
necessary for the United States to ask
loan of about $50,O00,000 nearly
every year.
The Republican victory last Tues
day was SO overwhelming that it is
not magnaminuous to rejoice too
loudly. Democracy was defeated al
most everywhere, and even the "solid
south" was broken for the first time
for quarter of century. 1t may
be pardonable in life long Republi-
can to express feeling of pride and
satisfaction that the principles of the
grand old party have been so COM
pletely endorsed, and that its enemy,
after only two years of trial at ad-
ministering national affairs, have been
so severely rebuked by the sovereign
people. Democracy was placed in the
saddle in 1892, and in two years rode
itself to an ignominious death.
Portland has for many years looked
forward to the time when she would
be the great railroad center of the
northwest, and every.movement of late
is in that direction. The Northern
Pacific, in connection with the Pacific
Navigation Company, has issued an
amendment to the tariff providing
rates on nails from Everett, Wash,
to Portland, effective November 16.
The former rate will be cancelled and
rate of II cents per keg on carloads
of $50 kegs or moe will be named.
Portland is already the terminus of
the Southern and Union Pacific and
if she can secure the Northern Pacific,
with the Colum bla river as a channel
of commerce to the interior, she will
possess many advantages over cities on
the sound.
There is an effort on the part of
few Repu blicans to make the party
in Oregon indorse free silver;
but they canuot succeed in this
herculean task. Oregon Republicans
understand the position that their
party has occupied on this question
from it's organization. 1t discounten-
anced the unlimited coinage of silver
on the same principle that it opposed
the infuction OF the currency during
the greenback "craze." Lincoln, Sew
ard, Sherman, Garfield and other
prominent leaders have always favored
honest money on sound financial
basis. The infexible rules of supply
and demand govern the labor market,
and labor is the only true measure of
value. Coming an unlimited number
of sixty-cent dollars will not increase
the wages of labor or decrease the
price of commodities. Money is only
a convenient medium of exchange be-
tween nations and individuals, and as
labor is productive or unproductive,
or the supply IS below or in excess of the
demand, will wages appreciate or de-
preciste. We cannot change these
rules, and the attempt is Don Quixote
fight with windmills.