Daily capital journal. (Salem, Oregon) 1903-1919, 1908-12-14

amounts OF securities are DeluB hD'
J sorbed with every evidence that the
buying on the exchange, often in
small lots, is for the investment OF
surpluses. Recent events have check
ed the sale of mortgages to some ex-
tent and will continue to affect their
sale until they are made as secure
against fraud, such as practiced by
Peter Van Vlissingen, as are properly
registered bonds which represent a
part of a lien under big trust deed,
which, because of its size is tested
at every point, The high prices have
given pause to the buying of stocks,
except those of the soundest kind
and Western investors have absorbed
surprising knowledge of the ins ana
out of annual reports and balance
sheets. The wild cat" enterprise
is languishing, the hopeful prospector
with mining claim in some remote
corner having lost to a large degree
as buyers, the class of promoters who
issue certificates to suckers" Mean
while the industrial revival is pro-
ceeding, factories in this territory
having in many cases, again taken
on their full quota of men.
Maturing plans for notable observ-
ances of the centennial of Lincoln's
birthday next February 90, indicates
that the proposal to make that day
an event in history, both in Chicago,
at the Rock Greek farm in Hardin
county, Kentucky, at Springfield, Ill
and in towns and cities throughout
the country has met with spontaneous
favor. President-elect Taft may be
the speaker in Chicago and thOr-
sands on that day will make a pill
grimage to Lincoln park, where
stands the famous heroic statue of
Lincoln. With appropriately simple
ceremony wreath will be placed up
on the fnrrowed brow OF that erect, |
musing figure of the president whose
greatness has been realized with in
creasing clearness as the years have
added to knowledge of his real char |
acter. The principal observance OF
the day will be held in Chicago where
in 1860 he was nominated for the
presidency. 1T seems to be recog-
nlzed even outside of Chicago, that
Il is fitting that this city should for-
mally observe the Lincoln centen-
NAL" said w. j. Calhoun, chairman
of the committee on arrangements.
IL have received letters from all over
the country commencing the move
ment here. A poor man wrote from
Boston, inclosing 81 to help the pro.
ject, | returned the money, OF
because Chicago ought 70
take care of this without help from
the outside"
War between the butter and butter
ne manufacturers of the country has
been revived by a clever challenge OF
he oleo men to another scrimmage I
N the next congress. Repeal of the !
present state and national laws re-
the sale of butterine is l
iought on the grounds that the pub C
ic is overcharged for the coating for I
Is bread A wild alar-dum that a
corner" in butter was going to run {
ne price up 10 exorbitant figures is c
redited TO the board of strategy of
he butterine makers. Butter inter q
sts were pointed at accusingly and
here were vague rumors of "indict-
nents." The best evidence offered c
or the corner" story was in figures y
s to present stocks which were put I,
t 100000 pounds more than a n
ear ago. Heavy purchasers of but .
er did buy steadily through the ?
month of June last foreseeing n
ruoghts, poor pastures and reduced ]
utter output, and they have kept G
their holdings Mean =
While butterine makers have been
Watching the price of butter crawl n
lowly up to 35 cents wholesale, while Is
utterine-said by it's manufacturers I
o be as wholesome and pure as but !,
bringing only 20 cents Il
'olad The restrictions against but Il
crime in various states are weaken g
ng and in New York the supreme
ourt hit the restrictive law body O
low by declaring that the law in "
hat state prohibited an important o
ranch of industry for the sole rea- ,
on that il competes with another. ii
nd may reduce the price of an arti- a
lie of food for the human race" n
!, II