davidaulloa/AmericanStories huggingface dataset:
The Dalles times-mountaineer. [volume] (The Dalles, Or.) 1882-1904, 1897-01-09
INTEREST ON PUBLIC DEBTS

Financial reports published in the
leading trade journals show vast ac-
cumulation of money in the great
wealth centers seeking safe invest
ment in securities that promise GER
tain return of a low rate of interest.
This is true not alone in this country
but throughout the world. 1t is stated
that state, county and municipal bonds
are eagergfsoaght, at low rates of in
'terest, while in many centers county
warrants are sold at premium. While
this state of affairs exists it would not
be amis for our law makers tofake in
to consideration the question of re-
ducing the rate of interest on public
obligations in this state. Few states
pay as high rate of interest upon
their floating debt, that is state.
county and municipal warrants,as does
Oregon In a majority of the states
the rate is per cent whils in some 1t.
is as low as 5. Such warrants in
Oregon are as good securities and as
good investments as they are in any
state in the union, and there is no
common-sense. reason why our war
rants should bear higher rate of in.
terest than those of any other state.
County warrants are better securities
than the bonds of any railroad or other
private corporation, for the property
of the whole county stands as a
guarantee that they will be paid; still
railroad and other corporation bonds
are foated at to Al per ceDg, while
county warrants, debts which the
whole people are compelled to pay.
here in Oregon, bear 8 per cent.TThis
should be reduced by the Legislature
this year, and one Of the first acts to
become law at this session should be
to reduce the rate of interest on public
debts. 1t would not depreciate their
selling price materially, for they
would be as eagerly sought as they are
now, and to reduce the interest they
bear would be justice to the masses
whose property has to pay all public
obligations s,a
The Dalles times-mountaineer. [volume] (The Dalles, Or.) 1882-1904, 1897-01-09
VALUABLE RECOMMEDATIONS

A committee appointed by the last
California legislature to propose
changes in the code have made several
important recommendations that
might well be followed In this state.
One of these is that Immediately after
the vote of a precinct has been counted
the election board shall have posted
in a conspicuous position at the polling
place, q bulletin showing the vote of
each candidate received, the same to
be kept posted for at least ten days.
Such provision will do much to pre-
vent tampering with the returns in
case of closely contested election.
Another suggestion is that in contract
ing for supplies of any sort, as proyis-
sions. stationary, printing, etc., the
county commissioners, directors OF
state institutions, etc., shall eiveths.
preference TO home products and home
enterprises.
The Dalles times-mountaineer. [volume] (The Dalles, Or.) 1882-1904, 1897-01-09
BANK EXAMINERS.

As the details of the failure :of the
National Bank of Illinois are had the
question of what national bank eX-
aminer is worth as safeguard to de-
| positors becomes more and more to the
| point. Here was an institution which
had loaned 81, 2,475, 900 on securities that
! had much smaller value than their
face expressed and were, at the same
time, subject to the assaults of the
banks owp directors acting in pri-
vate and speculative way. Upon the
balance sheet of the bank used by these
directors and presumably by the bank
| examiner this loan did not appear at
all; and it is charged that the only
knowledge the examiner had of it came
from an outsider. "The officers of the
bank, "says the account, "6nding the
Dank examiner was hot on their trail,
began to push the transactions they
had on foot for the sale of the secur.
ities." This occurred within q few
days past, yet the operations of the
deal extended over three years and
would have been long since observed
by an examiner who knew his business
or was mindful of his duty.
While the theory of bank examina-
tions is sound, the practice in this
country makes it doubtful whether
they do not work more harm than
good. Popular faith in a shaky bank
is largely increased by the knowledge
that an officer of the controller of the
currency's bureau has regularly in
spected it. That fact is taken as a
guarantee that its management is safe
and it's accounts correct, whereupOn
deposits are increased. The examiner
really acts in such cases as decoy
duck. He draws custom which the
bank does not deserve, and in some
cases, no doubt, is we'll paid for it.
Four or five years ago country bank
in this state failed for million after
q career of the most reckless financier
ing, and when receiver came to take
hold of its affairs the overdue note of
the examiner was found among its
doubtful assets. He had borrowed
freely and reported to the banks taste.
Can it be proved that the case was or
is it exceptional?
When depositors cease to put their
faith in bank examiners and appoint
to conduct their own inyes.
we shall hear better things
of the banking business, though it can
not be denied that the spectacle OF a
few erring bankers in the stone quarry
of federal prison would not be with
out certain efficacy which nothing
else could reach IS. F. Chronicle.
The Dalles times-mountaineer. [volume] (The Dalles, Or.) 1882-1904, 1897-01-09
IN THE HOUSE.
inquiry as to Settlement of Uupatented
Lands Instituted.

inquiry as to Settlement of Unpatented
Lands Instituted.
WASHINGTON, Jan. 5-There was a
fair attendance of the house when it
reassembled today after the holiday
recess,
The following resolution was adopted
on motion of Broderick of Kansas:
Whereas, There are large and val
liable tracts of land in Kansas en-
braced in the grant to the Union Pa
ciic Railway Company to which pat
ents have not yet been issued.
Whereas, Most of these lands have
been sold by said company to said pur-
chasers who are in possession, and
who have made lasting and valuable
Improvements thereon.
"Whereas, The land Office at Topeka
has allowed and is allowing home
stead entries to be made upon these
lands without apparent legal author
ity, therefore be it
Resolved, That the secretary of
the interior be directed to report to
the house the cause of the omission to
issue patents to said lands and the au-
thority under which the>iand officers
pretend to act in permitting these
entries to be made"
Then, under special order adopted
before the recess, the house went into
committee of the whole for considera-
tion of the Loud bill to amend laws re-
lating to second-class mail matter.
The bill amends the present law in
several particulars, the principal ones
of which deny newspapers the sample
copy privilege" and deny to books
the privilege of being sent through
the mails as serials at newspaper
pouu6 ratas
The Dalles times-mountaineer. [volume] (The Dalles, Or.) 1882-1904, 1897-01-09
Farmers In Evidence.


WASHINGTON, Jan. 5-The agricul-
tural schedule of the tariff law, which
was considered today by the ways and
means committee, inspired statements
from the representatives of wide
range of industries. There was con-
fict between Mexican cattlemen and
Congressman Curtis, of Kansas, over
the effect of the Wilson rates on cattle
and beef production OF this country.
Representatives of the Pennsylvania
and Virginia Grange asked for duties
ON agricultural products. Massachu-
setts fisherman and fish dealers and
the salt importers and New York pro-
ducers had interesting tilts. The
Southern ricegrowers argued the nec-
essity of high protection, and similar
were presented by Califor-
mia fruitgrowers, Philadelphia seed
men and macaroni makers, while i'm
porters of Bermuda potatoes and onions
wanted concessions.
The Dalles times-mountaineer. [volume] (The Dalles, Or.) 1882-1904, 1897-01-09
WHEELS AND CRIME.

In the Quarter Sessions Court No. /,
an ancient tribunal in Philadelphia,
having Jurisdiction in criminal cases
ana presided over. by Judge Yerkes,
one Freeman, colored man, pleaded
guilty on Monday TO the offense of
forging check for $50. 10 upon his en-
ployer. Freeman interposed no de-
fense. He urged in extennation, if
not in Justification, of his crime that
the forgery was done to enable him to
procure a bicycle. After this expla-
nation, which did not suffice, Judge
Yerkes declared it was astonishing
the amount of crime that grew out of
the bicycle trade; at least one-third
of the business of the court was made
up by persons who were led astray, in
some way by the bicycle"
The employer of Freeman. the citizen
whose name had been forged to the
check, corroborated from his seat in.
the court;room the opinion of Judge
Yerkes. He said that he appreciated
very forcibly the truth of tho Judges
criticism, adding-sad picture of de.
generacy in Philadelphia-this testi-
mony: 81 can sit at my front window
and count dozens of persons riding
merrily past who owe megrocery bills"
Whether the pace of these delin-
quents is accelerated by the, spectacle
of the Philadelphia groceryman sit
ting at his, front window, or whether
that individual mistakes for msrriment
the light heart and joyous manner of
expert cyclists, is a question left for
the Philadelphia lawyers to answer.
But the testimony OF the Philadelphia
groceryman Is to be taken as a serious
confirmation of the view of Judge
Yerkes on a phase. of the bicycle ques-
tion never observed in other large
cities.
:. In the staid old city of Philadelphia
the people must haYe lost their men,
tai balance and gone on regular
bicycle craze, and have degenerated
from staid citizens TO bicycle fiends.
1t is cercainly peculiar that bicycles
should have had such an effect upon
Philadelphians, for in other cities the
of the bicycle seems to
have been in the interest of law and
order, and to have produced health
and morality.
The Dalles times-mountaineer. [volume] (The Dalles, Or.) 1882-1904, 1897-01-09
WORK OF THE SENATE
Information Asked Upon Recognition of
Foreign Powers.

Information Asked Upon Recognition of
Foreign Powers.
WASHINGTON, Jan. 6.--Less than
a score of senators were in the senate
chamber when the session convened
today. Hale, of Maine, secured the
adoption of resolution directing the
secretary of the state to send to the
senate a statement as to the action of
the president or secretary of state
touching the recognition of any foreign
people or power as an independent
government and the corresponding
action of other branches of the United
States government.
Call, of Florida, spoke on his Cuban
resolutions introduced yesterday con-
corning the comendation of Julio
Sauguilly, at Havana. Call said the
report from the state department as to
the killing of Charles Gown, omitted
many important features, which would
have disclosed that consul-General
Lee believed Gown had been tied to q
tree and chopped to pieces. To show
the facts, Call read letter from
gentlemnn in Havana, whose name
was withheld.
At the close of Calls Cuban speech
the senate agreed to his resolution
asking the secretary of the state for all
in the case Of Julio
The Dalles times-mountaineer. [volume] (The Dalles, Or.) 1882-1904, 1897-01-09
THE PORTLAND METHOD.

1t is little wonder the people, or
rather the money lenders of Multi
nomah county oppose the re-enact-
ment of the mortgage tax law, and
also favor the present system of non.
exemption of Indebtedness embodied
in the present assessment laws, if the
Oregonian truthfully describes the
method pursued by the assessor in that
county. In a recent editorial it said:
"Notes secured by mortgage are not
assessed for taxation in Multnomah
county, and ought not to be assessed
anywhere. All taxation of credits is
double taxation, since it falls on the
borrower, who has already paid tax on
the. property pledged as security.
Taxation of notes secured by mort
cages, is plainly and flagrantly double
taxation in Oregon, because law of
the state permits the borrower. to
coyenant in the mortgage to pay any
: tax assessed upon the credit, and he
must do this before he can borrow the
money. The object of the assessment,
OF course. is to tax the money of the,
lender. But'this money has become
identified with the property of the
borrower without increasing its value.
When the note is taxed, therefore the
borrower pays that much increased
tax on his land: - The practice is as
stupid and unjust as the old mortgage
tax iaw,itsslf No assessor Of. sense
follows 1t, unless. he does injustice
deliberately to make the present law
odious and bring about restoration of
the mortgage tax"
So notes secured by mortgages are
not assessed in Multnomah county,
and the Oregonian believes should
not be assessed anywhere. Why such
notes should be thus privileged is not
clear to anybody, except perhaps the
editor of the Oregonian. and if they
are not. assessed in Multnomah county
the assessor violates his duty. II
notes secured by mortgage should not
be assessed, why assess notes not
secured? Why assess money in any
form? Why not place the burden of
maintaining the government on real
estate, improvements, live stock and
farm produce, and let money and all
evidences thereof go free?
The assessment of notes secured by
mortgage is not necessarily double
taxation. Because the statutes of
Oregon permit the borrower to agree
to pay taxes upon credits it does not
follow that every money lender in the
state is Shyfock. There are at least
some money lenders who do not make
such exactions. A note secured by
mortgage is just as clearly property as
is the real estate on which the mort
gage. rests, and ia as justly liable to
taxation. However, ifevery mortgage
issued contained the provision requir-
ing. the borrower to pay the taxes
thereon, it would be no more Q double
taxation or greater burden to the
debtor than is the present system of
not allowing exemptions for indebted
ness. Under this system every debtor
whose property is fully assessed is
The Dalles times-mountaineer. [volume] (The Dalles, Or.) 1882-1904, 1897-01-09
CUBA CAME UP AGAIN
Senator Mills Introduced An
other Joint Resolution.
PACIFIC RAILROADS
Senator Morgan Has a Plan by Which
Their Debt to the Government
May be Paid.
A Pittsburg Man Has Invented an A T.
ship-hains In India Have Saved
the Crops-PerIshed while
Intoxicated.

WASHINGTON, Jan. The senate
disposed of much routine business at
the outset of the session today. Peti-
tions as to Cuba and for and against
the Loud bill were exceptionally heavy.
One petition from the Commercial
Club OF Chicago, expressed approval of
the present policy of the administra-
tion.
Mills, Of Texas. member of the COM
mittee on foreign relations, brought
forward new phase OF the Cuban
question by Offering the following
joint resolutions: Resolved, by the
senate and house of representatives
that the expediency of recognizing the
independence of a foreign government
belongs to congress, and when congress
shall so determine. the executive shall
act in harmony with the legislative
department of the government.
"Second. That the independence OF
the republic of Cuba ought to be and
hereby is recognized and that the sum
of $4,000 is hereby appropriated for a
salary and the expenses of minister
to that government whenever such
minister shall be appointed by the
president"
The Dalles times-mountaineer. [volume] (The Dalles, Or.) 1882-1904, 1897-01-09
EDITORIAL NOTES.

There is only one class in Oregon
whose income has not been reduced
within the past few years, and tha,
class is the office holders. The legis.
lature should see to. it that they toe
are placed on an equality with the
common herd by judiciously pruning
down salaries. -.
The republican party is pledged to
enact. a revenue tariff bill, one that
will create;enongh revenue to meet the
demands of the government; but from
the progress that is being made by the
ways and means committee it would
appear that the bill which will be re-
ported to the house will be so highly
protective that iS will produce no rev.
enue since it will prohibit all importa-
tions.s --.isa
The manufactures generally have
been before the house ways and means
committee demanding increased pro-
lection, and now the tobacco raisers
are asking more duty on tobacco.
Isn't it about time the consumers send
in delegation and insist upon some
sort of protection against the high
prices that will prevail in case law
is enacted fixing duties in accordance
with the demands of those who have
already had hearings?
Jonathan Bourne will be fairly in
the swim when the legislature con-
venes next week. Not satisfied with
establishing himself in one one of the
finest residences in the state capital,
he has rented ten rooms in the Ell
dridge block where he will open head
quarters during the session. But JON
athan is just enough of politician to
keep his own council, and nobody
knows what methods will be pursued
in those elegant quarters.
Banker Hammond, who was respon.
sible for the wrecking of the Illinois
National bank in Chicago, has set an
example that might we'll be followed
by all who are guilty OF 8 like offense.
There was no alternative for him but
The Dalles times-mountaineer. [volume] (The Dalles, Or.) 1882-1904, 1897-01-09

DENVER, Colo, Jan. g. The
eleventh biennial session of the Colo
RADIO legislature convened at noon to-
day. The populists and silverites cap
tured the organization in both senate
and house, with the aid of few Nc.
Kinley republican members. John w.
Bucklin, populist, was elected tenn
porary speaker of the house, to be sue
ceeded by Edwin II. Hurlbut, of the
national silver party, as permanent
speaker. Frarcis Carney, populist,
was elected president pr,tem Of the
sonata
The Dalles times-mountaineer. [volume] (The Dalles, Or.) 1882-1904, 1897-01-09
Republicans in Charge.

ALBANY, N. Y, Jan. 6.-The legis-
lature of New York convened today.
J. NJ. O'Grady. of Rochester, republi-
can caucus nominee, was chosen
speaker by vote of 112 against 81 for
f. D. Finn, democrat. In the senate
also the republican caucus nominee
was elected. Governor Blacks mes
sage was read. 1t deals wholly with
state affairs
The Dalles times-mountaineer. [volume] (The Dalles, Or.) 1882-1904, 1897-01-09
GOMEZ RETALIATEs.
Captures a Spanish Town aud Kills the
Inhabitants

Captures "a Spanish Town aud Kills the
Inhabitants.
TAMPA, Fla, Jan. GA letter re-
cetved here from Cieba de Avilla on
the old trocha between Jucarro and
Moroona, says that General Gomez at
tackled this place this week. Gomez
asked the Spanish commander to sur
render the town. He said he would
not, but would fight. The result Of
the fight was that the town was cap
tured by Gomez, who took 145 prison
ers. All of these he killed.
This was according to manifesto he
issued directed to Spanish authorities
few days ago saying that as the
Spanish had refused to agree to con-
duct humane war, it was now an eye
for an eye and tooth for tooth, just
as Weyler had treated the pacifcos.
The Dalles times-mountaineer. [volume] (The Dalles, Or.) 1882-1904, 1897-01-09
doublv taxed upon his debts. since he

doubly taxed upon his debts, since he
is compelled to pay on property the
ownership of which rests in his credit
or. This system was inaugnrated to
to further the Portland plan of as
sessment, that which exempts notes
secured by mortgage, and If allowed to
remain on the statutes much longer,
will result in another Portland method
that will exempt all credits from tax
alton. 1t is time for the legislature to
call n halt
The Dalles times-mountaineer. [volume] (The Dalles, Or.) 1882-1904, 1897-01-09
A Spot on Old Sol

LICK OBSERVATORY, via San Jose,
Cal, Jan Son photographing the
sun this morning Mr. Cotton found d
large spot near the eastern limb, which
is easily visible without telescOpic aid.
1t is mostly penum bral, however, the
nucleus being small. The extreme
length of the spot is about 6S.OO0
The Dalles times-mountaineer. [volume] (The Dalles, Or.) 1882-1904, 1897-01-09

against the newsboys, and anticipating
the boys protest, they held meeting
last night to assure thu district COM
missioners of their intention to de-
mand an enforcement of the order.
The Dalles times-mountaineer. [volume] (The Dalles, Or.) 1882-1904, 1897-01-09
NEwsBoYs ARE INDIGNANT.
Right to Sell Papers ON Sunday is Denied
Them.

Right to Sell Papers ON Sunday is Denied
Them.
WASHINGTON, Jan. 6.-The news
boys of Washington have been denied
the privilege by the commissioners of
the district of carrying their papers on
the streets ON Sunday. They will hold
a mass meeting Thursday evening to
protest against the commissioners
action and appeal for revocation of
the order. Five minute speeches will
be made by. the newsboys at this meet
ing on both sides of the question. They
have secured Willard hall, one of the
largestin the city, for their meeting.
The ministers of Washington are
directly responsible for the edict
The Dalles times-mountaineer. [volume] (The Dalles, Or.) 1882-1904, 1897-01-09
Discussion Postponed

WAsHIN GToN, Jan. 6.-In the abb
sence of Senator Cameron the senate
committee on foreign relations did not
take up the Cuban question today.
When the committee adjourned the
opinion was expressed by some mem
bers that the Cameron resolution would
not be pressed by the senate.
The Dalles times-mountaineer. [volume] (The Dalles, Or.) 1882-1904, 1897-01-09
Crazed by Fright.

OAKLAND, Cal, Jan. 6.-Sheer fright
deprived Jennie Jurgensen of her
reason and she was brought here for
treatment. Miss Jurgensen was scared
by some friends the other day in the
carrying out of joke, and it so affected
her mind that it gave way altogether
yesterday and her condition is said to
be hopeless case.
The Dalles times-mountaineer. [volume] (The Dalles, Or.) 1882-1904, 1897-01-09

BAKER CITY, Jan. 6-L. st. c. Fitz-
patrick, the portrait-painter, who fell
through skylight, distance of Is
feet, about three weeks ago. died this
morning at o'clock, from the injuries
received at the time of the accident.
The Dalles times-mountaineer. [volume] (The Dalles, Or.) 1882-1904, 1897-01-09

SALEM, Or. Jan. 6-Marion county
will not pay the increase imposed upon
its assessment valuation by the state
board of equalization. unless by man
date OF court. Such is the effect OF
orders entered by the county court in
session TODAY.
The Dalles times-mountaineer. [volume] (The Dalles, Or.) 1882-1904, 1897-01-09
nansbroueh Has a waIkoyer.

BISMARCK, N: D., JAM. The elec-
tion of Hansbrough to the senate from
this state is practically accomplished.
His supporters have the pledges of
the legislature and unless these pledges
are broken Hansbrough will win on
the first ballot.
The Dalles times-mountaineer. [volume] (The Dalles, Or.) 1882-1904, 1897-01-09

SALEM, Or, Jan. THE strte board
comprising the governor, secretary of
state aud state treasurer, will meet to-
morrow and declare the state tax levy
fnr 1897
The Dalles times-mountaineer. [volume] (The Dalles, Or.) 1882-1904, 1897-01-09
MORGAN HAS A PLAN.
Offers a Substitute for the Pacific Railroads.
bill

Offers a Substitute for the Pacific Railroads.
bill.
WASHINGTON, Jan. SENATOR
Morgan mas offered a substitute for
the Pacific railroads bill, which
provides for board of trustees con-
sisting Of nine members, four to be ap-
pointed from west of the Mississippi
river, four east, and one who shall be
president, whose locality is not spec
ified. These men shall not be stock
holders in the roads, and shall be ap-
pointed by the president and the APP
pointmeuts confirmed by the senate.
They shall take control OF The roads
and manage them as a corporation
with view to settling the debt.
A provision is made for q 4 per cent
sinking fund. The whole debt is to be
refunded in bonds bearing 3 per cent
interest running for 80 years.
= Senator Morgan says that under his
bill the roads can be made to pay all
liabilities within D years.
The Dalles times-mountaineer. [volume] (The Dalles, Or.) 1882-1904, 1897-01-09

Scaly eruptions on the head, ,chapped
hands and lips, cuts, bruises, scalds
aud burns are quickly cured by De-
Wits Witch Halle Salve. 1t Is at
present the article most u.ed for piles
and IL always cures them. Snipes &
Kinersly Drug Co.