The Dalles times-mountaineer. [volume] (The Dalles, Or.) 1882-1904, 1896-12-25
EDITORIAL NOTES.

ferring TO the best sugar bounty sys-
tenn in vogue or to be put in practice
makes the following sensible sugges-
tion: "If the taxpayers have to pay
for sugar factories in the way OF boun-
ties, they had as we'll own them and
derive the profits if any there be-"
The law requires that the banks of
the United STATES bold in reserve
something like one billion dollars in
cash, leaving little over half billion.in
circulation to perform the Office of a
medium of exchange in the regular
avenues of trade. still we are told we
have very perfect banking system.
Where is that return of prosperity
that was promised with the restoration
of confidence? The dispatches an
nounce the failure of many of the
heaviest manufacturing and mercan-
tile establishments and the closing of
o number of the Oldest banking firms.
This kind of prosperity is not what
was voted for last month.
Scarcely more than year ago
Cleveland was being condemned by
certain papers and statesmen for not
taking hand in the Hawaiian reyolu-
ton. Now those same papers and
statesmen are lauding him for not in
terfering IN behalf of Cuba. When
Grover changed his politics their es-
timavion of him also changed.
Secretary Olney is certainly guilty
of discourtsey TO congress, and if he
speaks authoritatively, President
Cleveland is alike discourteous. His
statement that the president would
veto the Cuban resolution, should it
pass congress, savors very much of a
bull-dozing scheme, to force congress
to submit to the will of the executive.
The dispatches announce that
President-elect Mckinley and wife are
visiting friend in Chicago, and that
the house in which they stopped was
guarded during the night by three
police. This speaks badly for Chicago.
Is it possible that the citizen whom
the nation has honored by electing
him president must be supplied with a
body guard when he visits the city?
Sound money and prosperity must
certainly be noauing around some
where in the country, but it is decidedly
hard to locate, unless we look upon the
old bill boards that were covered with
posters last fail that read something
like this: '.Vote for Mckinley, Sound
money and Prosperity" It is not to
be found in the records of the banks
that are daily suspending nor in the
factories that are shutting down.
A Salt Lake City man is an enthus-
iastic belieYer in the transmutation
of silver into gold. He says that it has
certainly been established that gold
and silver are merely the effects of
electrical vibrations, the difference m
the vibrations making the difference
be- made up by science at an immense
profit. If his theory should prove to |
be correct the silver mine owner will |
be able to dispose of their product at IA
better ratio than 16 to /.
Now that there is definite and bus
mess like proposition laid before the
people. of The Dalles for establishing a
WOODEN factory and securing plant here,
It rests with the capitalists of the city to
determine if this step toward advance
nent shall be taken. One good man
ifacturing industry established here
will bring dozen others inside of
hree years. Shah The Dalles become
he manufacturing center of Oregon, is
question that can be decided in short
rider il the moneyed men will lake
lold in earnest.
President Cleveland appears to have
ct his foot (aud it is pretty big one)
Iown on the proposition for the United
states to recognize the independence
# Cuba. The dispatches say that
whatever course congress may finally
AXE with reference to the Cameron
the efforts of the present
administration. at least, will continue
o be exerted in behalf of an autono-
nous government for the Cubans. Dur
ng the correspondence between this
overnment and Spain, the Canadian
ystem has repeatedly been referred to
$ a model which Spain might do we'll
|, follow in granting home rule to her