davidaulloa/AmericanStories huggingface dataset:
Truth. [volume] (Salt Lake City, Utah) 1901-1908, 1907-12-21

ment bonds in order to get the cur
rency. This creates a demand for
such bonds. These bonds, being like
any commodity, rise in price when the
demand is great. The result is that
a very high premium exists on gov
eminent bonds National banks only
buy them because they have to. This
makes the issuance Of currency
rather expensive luxury For ex-
ample, if national bank at the time
this article is written wanted to get
100000 in bills, it would have to pay
$Io7, oco for the bonds to be deposited
to obtain those bills. Thus $1,000 of
the banks money is used as a prem
ium. Of course these bonds pay in
terest, but it is seldom over two per
cent, and at the high price paid for
them and as an investment they would
yield under two per cent.
Large Capital, Small Circulation.
Now all banks are in business TO
make money. Except in the case of
savings banks they are not a philan-
thropic institution. Therefore they
do not want to get their money ii,
up in government bonds Ito be used
as a deposit for currency when these
funds could be more proftably en-
ployed elsewhere. For this reason
some of the greatest national banks
have in circulation very small
amount of currency in proportion to
their capitalization. The National
Bank of North America, in New
York, for instance, which has a capt.
alization of 100000, has only $780,
900 outstanding in circulation, and this
is the minimum allowed by the Ma
tional Banking Act for banks of this
capital.
This high premium on issuing ma
tional bank currency causes all the
newspaper and other talk about "a
remedy for the currency" The
phrase, "a more elastic currency"
simply means that bankers want the
National Bank Act amended so as to
permit the deposit of securities other
than government bonds for the issue
of bills. 1t is claimed that high-class
savings bank bonds would serve the
same purpose and yet not be so hard
or so expensive to get as government
bonds.
1t follows that in times of financial
stringency, when national banks are
complaining about scarcity of cur
rency, they have only themselves to
blame, because they have not issued
all the money that the law permitted
then, ~ ;ccue Tb;e foot claude ort
Truth. [volume] (Salt Lake City, Utah) 1901-1908, 1907-12-21

Christmas, the time for good cheer
is almost here. Nothing contributes
mole to good feeling and benevolent
impulses than good things to eat and
drink. We have the finest wines and
whiskeys in town and the largest
stock of cigars.
RIEGER & LINDLEY,
The Whiskey Merchants.
For Christmas presents nothing is
more suitable than some Private Old
KENTUCKY Bourbon Whiskey or Cres-
sida (Gato 1879 clear Havana cigars
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1907-04-11
MAY INVESTIGATE BOURNE.

1t has been whispered on the quiet,
i'll oregon political circles that the
special mission of Lincoln Steffins in
Oregon at this time, is TO investigate
the methods by which Jonathan
Bourne was elected United States sem
ator, how much it cost Jonathan and
what the people think of him as a
senator.
Everybody knows that 3ourne spent
thousands of dollars in his publicity
campaign. He advertised in newspa-
pers, wrote cards, letters, circulars,
pamphlets, posters and every imagin-
able form of attractive advertisement
and carried on one of the most re-
markable publicity campaigns ever
witnessed in Oregon.
Since Bourne is the very first
United States senator ever chosen di-
rectly by the people of a sovereign
state, it is said that Steffens has been
assigned the task of ascertaining If
the election is satisfactory, if its
methods were corrupt, if its results
are what the lovers of popular gov
ernment expected, and all about it..
Steffens can perform this task to
the queens taste" if anybody can.
He has a nose for news" and a repu-
tation for finding out things. Since
Bourne is not an orator nor cam
paigner on his personal merits, it is
said that eastern magazines represent
ed by Steffens wish to know the Sc
cret of his election. They desire to
find out if money entered into the
popular choice of Bourne in any way.
In fact Steffens has been sent here,
II is believed, to find out if Bourne
spent 100000 as he is reported to
have spent in his campaign, or if he
spent $4,000, as many of his enemies
declare.
And if he spent 100000 or $11O,-
600 in his campaign, Steffens is ex-
pected to inquire how Bourne expects
to get even' on a salary of $500
per year.
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1907-04-11
HUGHES 18TH BIRTHDAY.

Charles Evans Hughes, governor of
New York. and spoken of as a posi-
BILE choice of the republicans for the
presidential nomination next year, was
born at Glens Falls, n. Y, April IL,
1862. His father, a clergyman, was
pastor of the Baptist church there.
When the son was quite young the
family moved to Newark, n. j., where
the lad entered the public schools.
Later the family removed to New York
city, where young Hughes continued
his education. He graduated from
the Columbia law school in 1884, and
was admitted to the bar the same year.
Refore many years had elapsed he
had become widely known as a bril-
liant lawyer. His brilliant conduct of
the investigation into the affairs of the
big gas companies first drew general
attention to him. In 1905 he acted
as attorney for the Armstrong Insur-
ance commission, and 1t was in this
work that he gained his greatest dis
tinction. In September. 1906, Mr..
Hughes was nominated by the republi-
cans for governor of New York, and
was elected the following November.
Governor Hughes occupies his leisure
hours with golf and reading, and his
library Is his favorite retreat.
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1907-04-11

interested in this provision than in any
other. Health and comfort comes
first of all in the foundations of
permanent city and water supply is
really the basis and touchstone of
health.
The present supply of water is not
sufficient in quantity nor satisfactory
in quality. 1t has served the people
well, 1t is true, and at the time the
system was installed, it was a long
step in advance of other towns of
Pendleton's size and Importance, but
/; is outgrown and a new and enlarg-
ed system, pure and fresh from the
mountains, must be secured.
We can live without a city hall, we
can live without paving, we can live
without a city park, without Carne-
gle library, without luxuries of any
kind, but water we must have.
The source of the present water
supply is precarious, when the dry
season arrives. The supply is limited
to narrow margin in the irrigating
season and provision for a new supply
of pure and absolutely unquestioned
water must be the foremost issue in
the new charter.
Baker City has installed a fine
gravity system from Elk creek within
the past few years and is proud of It.
The cost is nothing compared to the
assurance of a pure supply for her
homes.
Pendleton must look to the noun
tains, also. 1t is the only final solu-
tion Of the question and it must he
met sooner or later.
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1907-04-11
APRIL II IN HISTORY.

1512-Gaston de Folk killed at the
battle of Ravenna.
1644-The parliamentary forces vic
torious at the battle of Selbv.
1713-Treaty Of Utrecht, terminal
ing the wars of Queen Anne.
176s-One-quarter of the city OF
Montreal destroyed by fire.
179S-Stanislaus Poniatowski, last
king of Poland, died.
1S14-British army entered Tou-
louise, France.
1S42-John England, first bishop OF
Charleston, s. c., died. Born Septem-
ber 23, 1885.
1S65-Montgomery, Ala, surrender
ed to the Federals.
1Ss4-Charles Reade, novelist, died.
Born 1914.
1S93-Japan slezed the Pellow
islands in the North Pacific.
1904-German troops in southwest
Africa defeated 5000 Hereros.
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1907-04-11
THE OPTIMISTIC AMERICAN.

An incident in yesterdays wreck or
the o. r. & N. illustrates some of tine
predominating traits which make the
American supreme in most of his con-
flicts and trials, whether personal OF
collective.
Three of the injured men who bare
ly escaped with their lives were
Americans, of the young, vigorous,
buoyant type and while all were seri-
ously injured they expressed with
cheerfulness their gratitude that the
wreck was no worse.
Each one of the three while SUBJ
mitting to the care of the physicians,
expressed the hope that they would
soon be at their posts again, fearless
of consequences.
While suffering intensely they look
ed to the future and regarded their
injuries but mere trivial incidents in
an occupation fraught with perils.
Theirs was an indomitable optimism
a doctrine of hope and cheerful
ness which nerves the arm and in
spires the souls of men.
On a cot in the same car with the
three optimistic Americans was an
injured Chinaman. The gloomy and
unbending fatalism of his cree gave
him no hope. He was soon to ue
obliterated from the earth. He had
no hope, no fear. no anxiety. Fate
had irrevocably fixed his destiny and
he was a mere atom.
In his face was written the stolid
acceptance of the grewsome aud un-
yielding decree. His time had come.
He made no effort to change Or allie
viate his doom. There was no buoy
ant struggle against the misfortune,
but rather a helpless and pitiable ac-
ceptance of its blows.
In the face of his Chinese compan-
ion who sat near was no expression
of pity, sympathy nor friendship. Fa-
talism admits of no escape, offers no
hope, inspires no yearnings.
Here in this improyised hospital
car were the two furtherest extremes
of human sentiment-the ultra-opti-
mism of the young and virile Amer
ican; the absolute fatalism of the
decrepit and decaying Chinese race.
1t was picture worthy OF study.
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1907-04-11

feet to s5 per 1000. But in turn the
consumers have a more just griev-
ance against the sawmill trust for ad-
vancing prices nearly 100 per cent in
the past three years. While the gov
ernment is looking into the freight
rate question, it should also investi-
gate the lumber trust and when the
sawmill people receive relief froln the
railroads, the people should also re-
ceive a good sized chunk of relief
from the sawmills Twenty-one resi-
dences would now be in course of con-
struction in this city were 1t not for
the extortion of the lumber trust.
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1907-04-11

men and 81 per cent of the men Of
today are not virtuous," he contin-
ued. ITO every million men there are
two million women, which means
that This extra million women who
were put in the world for a purpose
are unable to fill the part which God
intended they should-that of repro
duction. Race suicide is the result
and vicious lives are encouraged"
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1907-04-11
FOR NEW WATER SUPPLY.

One of the very leading features of
the charter changes for Pendleton is
the provision for gravity system of
city water which has been included by
the council in its proposed changes.
The people are really more vitally
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1907-04-11
TOM JOHNSON A SUFFRAGIST

Hon. Tom L. Johnson, of Cleve-
land, in a speech before the Temple
club, said that since women must
obey the Jaws equally with men, and
must pay their share of taxes, they
should be allowed to vote. Mayor
Johnson has long been Counted in"
by Ohio suffragists, but this state
mcnt places him on the right side
without question.
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1907-04-11
RANTING OF A MORMON ELDER

There is no question that po-
lygamy is the true and only means of
redeeming the world from the ter
rible wickedness which now pre-
walls" said Elder J. T. Gerard, at
the Mormon mission here today, says
a st. Louis dispatch.
"Ninety-five per cent of the wo-
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1907-04-11

The sawmill men of the southern
Oregon counties have a just grievance
against the Southern Pacific Railroad
company for raising the freight rate
to San Francisco from 1910 per 1000
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1907-04-11
HOTEL PORTLAND
OF
PORTLAND. OR EGnN

PORTLAND. OREGON.
American Llan. So per day and IN.
ward. Headquarters for tourigts ara
commercial travellers. Special rates
made to families and single gentla.
men. The management viii be pleas-
ed at all times to show rooms ana
give prices. A modern Turkish hsts
establishment IN the hotel.
Fl. C. BOWERS. Manah,-
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1907-04-11

J. c. Grant and wife have sold the
Sycamore hotel at Baker City and
VIII leave the place for the east.
The new proprietors are Mr.. and
Mrs j. X. Frank Of Fort Wayne,
Indiana.
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1907-04-11
+++++++++++++*+++ = /

+ If l am weak and you are I
+ strong, I
+ Why then, why then, I
+ To you the braver deeds belong. Z
+ And so, again, I
+ If you have gifts and I have I
+ none,. I
= If I have shade and you have I
+ sun, i
+ 'Tis yours with freer hand to I
+ give, I
+ 'Tis yours with truer grace to Z
+ live I
+ Than 1, who, giftless, sunless, I
+ stand i
+ With barren life and hand. I
+ Selected. I
Z Z = + Z = + = + + + + + Z + (. + 4
Franklin's paper the statesman., 1907-10-11
The Union Health & Accident Co.

The Union Health & Accident Co.
Dear Sirs:-I desire TO thank you
for your prompt payment OF my claim
for Illness. The amount | received.
S24O0, was great help to me. II
pays to be insured with n company
that has the money to meet the con-
stant demands for indemuiues.
Very respectfully,
MAY ANDERSON.
Franklin's paper the statesman., 1907-10-11
THE ONLY COMPANY THAT HAS
COMPLIED.

The Union Health and Accident
Company is the only home institu-
tion that has complied with the new
law by depositing with the State OF
Colorado ONE HUNDRED THOUS-
AND DOLLARS as a guarantee that
the rights Of the policy holders will
be protected. There are many com.
panies soliciting business whose re-
sources are less than three hundred
dollars, and more than twenty OF them
have failed during the past few years.
1t would appear that there is NO
chance Of their success, In view of
the fact that the people have their
choice Of strong or weak concern.
the cost Of insuring being the same.
Franklin's paper the statesman., 1907-10-11
STATESMAN-Oct. II
Union Health & Accident Co.

Gentlemen:-I am today In receipt
OF your check for $32.l5 In payment OF
my recent claim for Illness. desire
to thank you for your promptness and
liberality in the adjustment. and most
heartily recommend you to all deslr.
ing reliable insurance.
Respectfully.
FLORENCE WALTER,
1862 Fillmore St.
Franklin's paper the statesman., 1907-10-11
NOTICE TO THE PUBLIC.

NOTICE TO THE PUBLIC.
The correct statement of the condi-
tion and solidty of The Colorado
Mutual Benefit Association is on page
of this edition.-Adv,
Mrs Irving Williams was confined
to bed last week
A. G. Falling Is the newly elected
president Of the Sunday Alliance.
p. Spencer has been taken to the
santorium in Pueblo
Prof. Wm. Mackey is about after
few days illness.
Henry Jett of Alabama is visiting
Walter Loveoy.
King Hayes has suffered an injury
TO his hand
Ed. Hayden Is in the city from Ala
mosa en- route East for a visit.
The buckingham club will give a
ball November 26 at Bourner's hall.
''Nuf sed."
Miss Matte Singleton came home
from Colorado Springs much improved
In health by her trip.
Miss Susie McCleldon of Kansas
City, sister OF Mrs. j. W. Morris, was
married to ]. C. Cooper of Omaha in
Cheyenne last Thursday.
Wednesday evening, just before her
return to her home in Coaldale, a sur.
prise party was given on Miss Matte
Boyer, by number of her friends.
Mrs. Bruce of Salida. who has been
In Wyoming attending upon her sick
son. passed through the city this week
en- route home.
Dr. Douglass of Pueblo is In the
city and is crossing the sands Of the
desert under the guidance of the local
shriners.
Mrs. II. c. Dunn and children of
Butte are In the city visiting her
mother. Mrs. Williams OF the West
side.
Mrs. ~ Mccormick and children Of
Garden City. who have been visiting
her sister. Miss Maggie Johnson. have
returned home
Mr. and Mrs Harper OF Manitou
stopped over In this city en- route to
Omaha for the winter. They have
purchased property there and are do
ing nicely.
Isaac Drake. wife and daughter OF
Kansas City. have been here visiting
hia hpothAr Wi1lyum m
Franklin's paper the statesman., 1907-10-11
HOSPITAL! hosPITAL!!

The population OF Denver In increas.
ing daily with sick as well az strong.
The hospitals are so overcrowded that
the managers OF these institutions
have decided that some persons must
be turned away. SO what did they
decide to do7 Why, close the doors
to the black man, OF course.
What should we do to resent their
actions7 We, the Life Line club. say
NO, don't lose time that way: jus,
get one OF our own" The members OF
the Life Line club have unanimously
agreed to take the initiative. We are
going to open a hospital here In Den.
yer and we want the generous assist.
ance OF the public. Our hrst venture
will be real charity ball. given at
East Turner Hall. Dec. IL. and we
wish everybody to respond on that
date and don't let's have anything
else that night, but everybody come
and help make this An overwhelming
success. A full account will be pub
lished later. Watch for II.
Franklin's paper the statesman., 1907-10-11

"A graded night school will be open.
edon November I. For particulars
call or write Mrs. Laura Hill, 1742
Glenarm street, or iMss Carrie Carper,
1872 Logan avenue.
Franklin's paper the statesman., 1907-10-11
RELIABLE INSURANCE.

II you want good insurance In big.
reliable company, we are interested.
II you are looking for an inferior ar.
ticle, then we can't do anything for
you. The Union Health has nothing
but the best to sell. and the One Hun.
dred Thousand Dollars deposited with
the state is guarantee to the people
that We have the courage OF our con.
victions to protect their interest by
the deposit.
Franklin's paper the statesman., 1907-10-11

. A graded night school will be ope n.
edon November 1. For particulars
call or write Mrs. Laura Hill, 1742
Glenarm street, or iMss Carrie caper,
1722 Logan avenue.
Thos. Quoin of Edgewater enter
tanned a number of his friends Mon.
day evening in honor of his birthday
Mrs. j. w. Meadow leaves Sunday
for Canada where she will spend the
winter with relatives.
Mrs. Alice Caper, of 1922 Logan,
is out again after beink laid up a week
by a nail which ran into her foot. She
drew benefits from the Common
wealth Life.
DR.. c. W. Raines and wife of Clarks-
dale, Miss, were in the city a few
days last week visiting their brother,
Harry Raines. at 2045 Arapahoe They
are on their way to Mexico and Cali
fornia and other points West.
|
Keep of date, Nov. 10th. Pythians
Lodge No. IL, X. Of p, out for an
other good time. East Turner
The marriage of Miss Ollie Henry
and Geo. Thornton was solomnized
last Saturday afternoon by Justice
Carbon. The Statesman wishes the
happy couple success and happiness.
FOR SALE-One credit memoran-
dun, good for $50 OH the Columbine
Music Co. Can be used as part pay
ment on piano. Call on Sam Finkle
stein at j S. Appers store Cheap
Mrs. Peggie Gordon. of 2227 Champa
street, who fell from the Montclair
car the other night. was highly
pleased when Mr. Harris. OF the Com
monwealth Life, called on her and
paid her the first weeks benefit.
| isn't that nice?' she said, Il thought
Id have to go down to the office
when got well to get my money like
the other sick and accident compan.
les make you do Benefits paid every
week are best"
Mrs. Walter Cooper Of 1909 Clark.
son street, and Miss Mary Williams,
entertained Sunday at p. m. dinner
In honor of Mrs. Louisa Armstead.
The table was laid in white with a
pink and white carnation center piece.
The menu was served in three courses
which were very elaborate. Those
present were Mrs Louisa Armstead,
Mrs. c. P. McKinzie, Mrs. N. J. Welch,
Mrs. NJ. Nicles and Master r. Cooper
The ladies' report the hostesses grand
entertainers.
Franklin's paper the statesman., 1907-10-11

Z1gi6Em-ShOIIlTn
nS .~'
KEEP OFF! BECAUSE IT'S HOT.
OCTOBER 2s.
Look out for The Grand Old Flag"
as sung by Miss Virgie Webster.
No reserved seats, but enough seats
will be on sale at East Turner hall,
Oct II. S. r. o. may be hung up.
Everyone knows that the Denver
girl is winner, but Oct. II you will
see more pretty girls than you ever
saw at one time.
Jessie Nickens Reese and her
young ladies have for a long time
given their services free to the
churches, the women's clubs, the Al
lance, the Eureka literary and to
others. They have received many a
time mote of thanks" Now they
expect all OF these thanks" voters
to do something more substantial and
come out October II at East Turner
Hall
The Rein Dance" will be the grand
finale. A dozen pretty maidens har-
messed up will do the pretties and
most unique dance by amateur talent
ever seen on a Denver stage. Oct. IL
Don't forget, Thursday. Oct. IL
Opening of the Eureka Dancing Acad-
emy at Bourner's Hall corner Twenty.
seventh and Arapahoe streets. and
continues every Thursday night. al
o'clock. First class in every re
spect All are invited to attend.
Don't forget. Thursday, October II
Opening OF the Eureka Dancing
Academy. at Bourned's Hall, corner
of Twenty ty-seventh and Arapahoe
streets, and continues every Thurs
day night at O'Clock. First class In
every respect All are invited to at
tend
Miss Anjetta Breidlove is out after
a months illness from typhoid. She
drew benefits every week from the
! Commonwealth Life and SPEAKS In
high praise of them.
The program for the Peoples Sun
day Alliance is as follows
Vocal duet and instrumental solo
by Messrs. william Morris and Sam
uel Savage.
Paper, by Q. ]. Gilmore.
Discussion, remarks" President A
G. Fallings.
Any one wishing dressmaking or
sewing Of any kind call Mrs. Geo
Ellgin, Jr.. 1929 High street. phone
| vorL oi7A
Franklin's paper the statesman., 1907-10-11

No reserved seats, but enough seats
will be on sale at East Turner hall,
Oct. II. S. r. o. may be hung up.
Franklin's paper the statesman., 1907-10-11

Everyone knows that the Denver
girl is a winner, but Oct. II you will
see more pretty girls than you ever
saw at one time.
Franklin's paper the statesman., 1907-10-11
KEEP OFF! BECAUSE IT'S HOT.
OCTOBER 23.

Look out for The Grand Old Flag" +"
as sung by Miss Virgie Webster,
Franklin's paper the statesman., 1907-10-11

Thos. Quoin of Edgewater enter.
tanned Number of his friends Mon.
day evening in honor of his birthday
Mrs. j. w. Meadow leaves Sunday
for Canada where she will spend the
winter with relatives.
Franklin's paper the statesman., 1907-10-11

Isaac Drake, wife and daughter OF
Kansas City. have been here visiting
his brother, William.
Franklin's paper the statesman., 1907-10-11

Dr. c. w Raines and wife of Clarks.
dale, Miss, were in the city a few
days last week visiting their brother
Harry Raines. at 2O45 Arapahoe. They
are on their way to Mexico and Cali.
fornia and other points West.
Franklin's paper the statesman., 1907-10-11

Mrs. Alice Caper, of 1922 Logan,
is out again after beink laid up week
by a nail which ran into her foot. She
drew benefits from the Common
wealth Life.
Franklin's paper the statesman., 1907-10-11

The correct statement of the condi-
tion and solidity of The Colorado
Mutual Benefit Association is on page
s of this edition.-Adv,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-09-10
HARVARD ON A ROCK.
Morse's New Turbine Sound Boat
Strikes on Trial Trip.
EDUCATIONAL.
IN WASHINGTON.

NEW YORK. September l0.-The new tur-
bne steamer Harvard OF the Metropolitan
line to Boston. which is advertised to com
mence the all-water route from this city
September IL, went out on a trial trip last
night and struck on rock while rounding
Hallets Point into He'll Gate \ New Haven
railroad tugboat towing two freight floats
was coming down at the same time. and 1T
Is supposed that the Harvard went too
clcss in toward the Astoria shore to avoid "A
collision. Tho steamer was on the rock only
a minute and then swung of, but the
strong flood tide swept her on again. This
occurred three times before the Harvard
got away and proceeded on her trip, APP
parently -unintured.
1t was not known last night how many
persons we're board besides the crew
they were all guests of Charles w,
Morse and the directors Of the company.