Image provided by: University of Nebraska-Lincoln Libraries, Lincoln, NE
About Omaha daily bee. (Omaha [Neb.]) 187?-1922 | View Entire Issue (Dec. 9, 1906)
5 THE OMAITA SUNDAY BFE: DECEMBER 9. 190fi. Nebraska Banker s Views on Asset Currency The Commoner. Hvnry V. Y h t r. president cf the Ni -braska National bank. Omaha, del'.verel nn address before the Nebraska Uanke association In fj position to at cur rency. Mr. Yates h written for the Commoner an art-le presenting hi view. Vhlie the Conimomr dos rt"t entirely ng-ee itli Mr. Tats, h, nrti'l- ill aid e'ommoncr readers In (.Mailing a correct view of the dingers Involved In th pn.po sitlon now urged by the "nn-ifr.t d 'liar'' people. Itead Mr. Talcs' article cat (-fully. Here It la: The so-called nc-rt eurrercy, but which "uH be more properly U rmeJ "credit burri-ncy" for the reason that it ai'.l te unsecured, ar.d bn'ed only t:pon the credit of the Issuing hanks, s.-enis to have re cently gained coni'l.-rnble Ir-ipetuF. t.r.l stands a good chance of getting a foot hold in our financial --te-n, by the jms ase of a lam- authorising It at the ensuing Fnion of ror.gre-s. The f-chrnie now prominent ti prepared In a r- n.itk.ible manner and Is launched up..n the coin.it y as an unanimous agreement among bank- ers. Tn the report of the spc-ial com mittee of the American Bankers' a '.n tlon proposing this measure It 1 declared: "That the present volume of bank notes Is wra.lly Irresponsive t tne demand of commerce. It does not expand with the need of currency In the crop moving pe rlM. reusing a stringency; nor contract when the use for currency are less ex tensive causing a redundancy." Tntler this ppeclona pretense it Is proposed to involve this country Into a system of bunk note ebwk rnnjr vanish as it did In lI'i-4. Ks pecU'.Iy may this l-e the case If It la sub jected to the Increased burden propose 1 and in that case all the benefits the country h believed it achieved by the vic tory cf the gold standard would be put in Jeopardy. The magnitude of our present stock of money is the wonder of the world, both for volume and per capita. Conired with Great Britain, the only country with ahiih w? ought to be compared, and the con-ttar-t is amatlng. A few extracta from an rrticle published In the New York Drinkers' tivagatlne for October by an able I.ngliMi writer will be pertinent in thi connection, lie says "Many people lioth in London and New York teem to dream all the time of elaetic crm m ie (meaning In reality a constantly expanding um my), elastic credit and clastic bank deposits. Give them a few million eoverclgrs of American eigies as a lias's. :id they will build up on it jyra n:M of paper wealth. The boldest pyra mid builder may be the keenest buyer of gold no ply because he has most neesd of It. a large extent rerfoim the serv ice f r b cn money was formerly required. it mill le admitted. 1 thit.k. that If thera Is a large movement of funds in the fail frm New Tork to the Interior it would be manifested by a rtiiuct.cn of the deposits Of the interior banks In the New Yoik tanks. 1 ne only figures at band Tor this investigation are fojnd In the comptroller a itporta. I do not pretend to say that these i figures aie conclusive of the Q.uet.tln. , There may be Intervening periods which uld show differently. But cutali-.ly the ) comparisons i now make are very sugges tive, and may not be eurlly explained otherwise than as they show. The comp troller f report for lis is not out. The lat est statement in the 16 report Is that of August 2, or near September 1 prior to this is that of Miy 2S. The?" two state ments for New York City compare as fol lows: Ixans: May 3. r70.S6.7; August X. f.).ll ; incitrtse j4.i7A ut. t. asn: Nail- nl bana note, legal terioeie. specie, f rat tioiiaj, M.t? Jt, -4ti. B.diV; A u a UM i-i. "i. .u,l . incit!H. js.iisi.Mi. I(ep-js.ts cf bjnks: iu.y J. ..',. August dl.lkl.'iZl; lUctwue $J4.18,i(u. Going back to 1!4 in order to get a later date than August '. with which to com- "If money, metallic or paper, or both combined, could make a people hanpr. the pare the summer statement, we have Americans rv.irtit tn be the envT of the follows: world. They have the largest quantity aa well as the greatest variety of It. The only nation which might presume to compare Itself with them as regards plethora of paier is the neighboring republic of Colom bia, wiiose paper dollars run up Into hun dreds of millions. At the mime time the Vnited States, while eclipsing Colombia on oft money, can beat Krance Itself on HDTO) ii MJJj LLsIs VJ J at isssii Tv-FIPflWD) SjQLj. We take inventory on January 1st, and we have accumulated quite a few odds and ends of SUITS and OVERCOATS from the season's selling and we wish to close them out this week currency which met with Its (juletus fifty "hard money.' It la the one and only pos- ars ago. The committee does not ex Hain how It Is that the mere failure to expand should cause a rtrirret.cy, it Is c-ertclnly something else which cnusc-s the rtr ireency. What, of riurs. It means Is that the use for money at certain periods is creater than Its supply. This Is a con dition hlch frequently happens In this life both to banka and Indiridunl". Bank notes tuw singled out na being this very defec tive currency, but why should not tnH nd t'nited States no',ee be ejnbracv-d In file same category? their f.illures to ex rnd ought also to cause stringency under Jlke circumstances. I snld that this committee's report was prepared In a remarkable manner the facta will Justify. I think, the assertion. In order doubtless to be rid of a question which tai constantly "bobbing uo." the convention of the American Hankers1 as sorlMior, hHd let year voted the nnoolnt rsent of a committee to report upon the currency rytestion at the next Fespion. This committee presented lis report nt the con vention lately held in 6t Iu:is. Tliere waj no possibil'ty cf this coinmittee's reenmmendattona Ix-ing Bdopted and th result would indicnte that tlic main Inten tion wns In some ay to get the asaocla- tlori committed to the general nronositlon i 1n such a manner as to have the Hnpear ance of unanimity. In the discussion of ' the ciuestion hours were given to papers find addresses In Its favor, but by the adop tion of a cast Iron rule, onlv five minutes were allowed to anyone who miglit hare essor of a tS.'X'.OiM.000 currency quit' unlgue distinction in commercial history. "At the nt-aren available date to July 1. 1S06, tbe circulation of the Vnited Kingdom ws. In rund numbers, one hun dred aid fifty milllone sterling less than one-fourth of the stock of money which the Americans And so inadequate and In elastic. "The comparative volumes of the two currencies, British and American, are Ir reoonclliable on any theory of the rela tive amounts of work they have to do. The only ground on which the Americans might claim a larger circulation than ours Is that they number SO. 000, 000 against our 41, 000, 000. In every other respect the advantage is with us. Our foreign trade as a whole, that is Imports and exports combined, is still 40 per cent larger than theirs. '"We come now to the final and crown ing j aradox in this series of contracts between a new currency system and an old one. The new one. which, so far as Its stock of money is concerned, ought to be much the stronger of the two. draws most frequently and systematically on the foreign money markets." It is aeseried that there is no Intention to inflate the currency that the Jlan Is only to provide elasticity to our existing money. But there Is no proposal to retire a single dollar of this money as the other is Issued. It is true tliat the proposed bill limits Ixwns: June . tT3.V4.KI; November 10. t.jvu.44.; increase. tci.jt,yl. tss.-.: June . V-oo.tH-.M, , November lu, oi.Hi..l, de cit.ise. I7.U1.01&. Deposits: June . t-r "4, November ii, j(i,;u;,X; metcast M-,-KCiTil. It will be seen from the above that with no considerable change In cash the de posits from May -K to August X: llsiu, lu creaaed neariy Xij5,t "j,o. and in the period from June ! to November 10, 1!H, they incr'ated about 4C,U'.iu.ti. In both case there was a large Increase in loans. j From this It can be easily seen that the reaerves of the New York banks may be vitally affected, without the bani.a parting with any cash. A large increase in loans. , as a rule, is attended by a coincident in crease In deposits not of batiks, but in tlie accounts of the parties concerned in the loans. This increase !n deposits demands urujer the law Increased cash, and liei.i it fol lows that the banks' reserves Lcco;ne strained. Currency undoubtedly Is fre quently sent to the country, but this de mand does not necessarily affect the loans. If It affected anything It would be the de posits, and the lowering of deposits would also lower the reserve required. This comparison, I think, will confirm the popular Impres'lon which has long existed, that the extraordinary high interest ratea which sometimes prevail, oot only in the fall, but at other periods of the year in New York, are due to conditions iiecullar to that market and not to the ordinary business demands of the country. The volume of securtics depending al most scleiy upon New Tork for the sup port of their current prices is enormously large. We cannot know, of course, to what ex tent the holders of a large portion of these ecurtlcs have personal control of some of these banks, but It has been demonstrated on many occasions that speculators In them tion to accomplish a definite pur-pose than there was In this convention to stampede the bankers of the country Into favoring the scheme by causing It to appear to be the unanimous conclusion of the bankers there assembled. In the late hours of the convention, when ., .,... f note, to the cmnital stock. have il thelr Pwer to put up the In something to say against it. This was the nich s the volume now authorised, for trt nir when It suits their wishes, or unanimity mentioned In the committee's notes secured by bonds. ' " o"nanaea oy tnetr necessities. It is report. Vhetber so especially designed or Thi limit lias never been reached for "so tle,r that speculators for a decline in not. there could not have been a better the reaaon that the bonds cannot be bad tock Pr'cee. in order to attain their object, org.-tnixation in a packed political conven- or m-m cost too much to make it profit- tuke "vantage of the period when able. The average now is said to be about moay i" in exta demand for legitimate 62 4 per cent. It is proposed to issue the b"scss purposes: remaining 17 Vi per cent in unsecured These operations do not necessarily affect note. ,n 'njr msnncr the supply of currency, as The Imperative necessity for this issue check answer the purpose, la said to occur in the fall, when U is 1 do not consider It as a positive fact. riiml rritlcal condition freouently ex- I hare not the means of verifying other matters were pressing, a resolution cts by reason of the demand upon New th statement, but If as many believe the was put tnrougn lor the appointment of a Tork for money to move the crops. The lr,u' conditions rererrea to are due to committee of fifteen to prepare a plan for Impression is actually sought to be con- stock transactions, it would be folly to submission to congress. Of the fifteen the veyed that notwithstanding our Immense authorise an Issue of bank currency to five members mi, king the report, whose money stock a sufficient quantity of It r'eve such conditions. If one of two position wag well known, were specifically cannot be had to finance aa ordinary trade things must come down the price of sc- movemenu curltles or the value of our money let it That there is "water, water everywhere lne '"curltles. not the money, and ,,t a droo to drink." If this Is true. Nw Tork Chamber of Commerce the niblic is certainly interested, and es pecially the agricultural producers whose crops must be moved. This extraordinary demand In the fall has been so constantly asserted that It may be haaardous to Interpose a douht still there are facts to the contrary which I think deserve consideration. selling suns We have about 400 suits in plain blacks blues and fancy mixtures both in single and double breasted styles These suits come in all the well known fabrics t h i b e t s tweeds cheviots fancyand unfinished worsteds. We have all sizes represented but not in any one line. These suits sold as high as $55.00 We hcVi placed these goods on separate tables and MONDAY MORNING will sell them at the low price of ... . W vsLs 'ifife h-,tV''1'''i! V IrL vl'X ftvv. jbOP STJEOO OVERCOATS We have about 300 overcoats in the regular style and in the long loose coat which is so popular with the young men. These coats come in black oxford grey, fancy mixtures and plaids. We have all sizes represented but not in any one line. Be sure and take ad vantage of this sale as every coat is a big bargain. " These coats sold as high as $30.00 We would advise an early call as the best are always first to go BROWNING, KING . CO, R. S. WILCOX. Manager named and the remaining ten were to be elected in a manner which practically pre cluded the possibility of any one being appointed who did not agree to the proposi tion. Here was unanimity again. The proposition is clearly ar.d distinctly 1n the Interests of the banks. 'What public Interest may be Joined with the banks' Interests depends solely upon the assertion that the additional Issue of bank notes ia "Imperatively demanded" In the business of the country. By Inference certainly, if not directly, favors the establishment of a great na tional bank, with branches and Prof. not only her money, but herself iu a woman and for what? "For splendid china adorned with the Marlborough crest snd coronet," "for stationery bearing the ducal crest," for the pleasure of gaslng upon "quantities of antique silver heirlooms," for the satisfaction of being served by menials wearing "the Marlborough colors." She gave all she had. and she subjected herself to the chance that ha befallen her, of feelkig a mother's sorrow at giving up also her children, for these wretched trifles! And ft. at is the rlKk everv American girl runs who persuades herself, or per mits herself to be persuaded, Into the kind of marriage that Consuelo Vanderhilt i made. She gives all she has and all she is as a vomiui-she stakes her happiness Johnson, in his address before the Nebraska woman, as a wife, and as a mother. Bankers' association, elaborated upon the ' "T10" the CUBt of a S"'ime in 'hlch the subject. This may be what is in the back- ' Pri arff "splendid china," and "antique ground in all these asset currency schemes. ! heirlooms" and a "ducal crest" on her sta and it will be conceded that if en un- ' HntrJ' nd a certain livery on her serv secured bnnk note cun-encv must be iMsne,! i ants' backs. Years ao a large amount of currency u wouI5 he Ivetter that it should be ! The question for every American girl to was certainly required in tnis section ot the country In crop moving times. But this this must mean that our present volume hag not be, tho )n iale ywi, antJ i IMPROVIM WATER UlUHWAVS. Issued in this way than Indiscriminately ' ,sk herself, when invited or urged to such by banks all over the country. ja marriage, is the question which Con- The same Interest which favors the cen- ' Vanderbllt ta undoubtedly asking her- of currency Is Inadequate. believe the statistics of the express com- ,ral i3? would also abolish our in- elf now: lavtng out the volume of gold entirely would confirm the assertion. More dfPndnt treasury system, which has j Wu 11 wc""th the price? Was It worth the and figuring only what may now he called curren.y than usuai may be needed, but served us o well through many trying i price? credit money-meaning inereoy ail money t0 rre extert. It Is a period when Vars. indeed. It Is already proposed that which depends upon gold for the main- there is a hardening of money rates every- the money In the national treasury shall tenance of Its parity, and the volume of wnere, from the fact that merchants and be deposited In the banks without security, this composed of Cnited States notes, na- mnnuf acturers then rr.ak their arrange- This conso'idating of banking functions tlntial bank notes, silver and silver cer- mt.nI( for the coming year, and cattle feed- In the manner suggested Involves a ques- tlficates la about tl.WO.OOO.OCO. This is a era a.n( grain storers need money to carry tlon which is too large for the limits of per capita of nearly 119 against a per capita on their operations. L'Jt to SHttfv thete this article. Only this nny be said: It of similar money In Great Britain of l.3Z, ordinary requirements actual currency is would Involve the destruction of our pres- fkermany IS.74, Canada $12. and Trance riot demanded. ent system of Independent banks, which. M2. Any Increase of this volume en- The reaaon for this change In the cur- notwithstanding the Imperfections which lnrges the load upon our gold supply, which rency demand is apparent and what has will be coneeded, but in time will be ie- Is now ample, aggregating about Jl.tVO.- occurred here has happened almost every- moved, is the best system of banking 00,000. We cannot always expect to have where else. More rurrency was needed for the Interest of the people the world prosperous years the balance of trade may when, banks were not so numerous as now nag ever known. HEN'RT W. YATES sometime turn against us. and our gold and trust tn them not so great. Checks to Omaha, Sovnr.Wr C4. IV.. she does not get It. The Cincinnati ex ample Is worth thinking aoout. St. Louis Republic: Two leading divines of St. Louis express cordial approval of the statement that the church, like a mer cantile enterprise, requires publicity ad vertising If It Is to achieve the greatest good for the largest number. This opinion ha found voice In two large American cities St. Louis and Denver. In St. Loulr the Rev. C. M. Chilton, an evangelist, de clared In a sermon to a congregation of First Christian church that "churches must advertise. There ia no other way In a big city, wher competition is as keen as It Is in other walks of life." Almost coin cident with this utterance was that of the Rev. Frank N. Brown of Brooklyn, preach ing at a church In Denver. "All modern Sunday schools should have their adver tising men and bureaus of publicity, just as the modern mercantile establishments have those adjuncts," said Dr. Brown. "Sunday schools should place themselves before the public in the newspaiers and by other means. Much can be accom plished by doing this." ('irfit tt Hear from People of the Mississippi Valley. St. Louis Globe-Democrat. Congress is sbout to heir from various delegation representing the waterways movement in the most productive valley in the world and that reaches into more than ! not ru" on his oars ftERMO9 BOILED DOWN. Things are without what they are within. There is little love In long distance char ity. Orthodoxy is apt to be conformity to my habits. Losing the temper takes the edge off the ability. A man never believes In honesty until he his some of It. No favoring wind comes to him who will SAFEGl AHD1SG COAL LAD. HtTtsit Prod eel Po.lblllt lee of tb Property later Lease. Portland Oregonian. It Is estimated that the Vnited Rtates government Btlll owns between WOO.Cmo end 60,'i0(MO of acr s of coal landa. Con sidering how much has been stolen or turned over to wealthy corporations, for V or S3 an acre, this fact is surprising. This land was acquired by the government as part of the Louisiana purchase and by other similar acquisitiona. It was paid for by the people of the nation. The question now arises, what shall be done with It Shall it t turned over to the trusts for eapioiiaUiB with little or no recompense to the nation, or shall it be husbanded and made to return a much as possible? The Interstate Commerce commission Is prepared to recommend to the president that this ecu land, which the nation still owns, shall neither be given away nor sUd. In the opinion of the ouninii.aion the gov ernment ought to retain the title and )ee the land, thu making It a permanent source of revenue. It could be leased for a very large sum. enough. It Is said, to de fray almost the entire expenses of the government. Including the Interest on the rational debt. If this can be done, why not do ItT Why should the people con tinue to pay taxes, when they own property which, with honest management, weuld re lieve them of the necessity Why should the government squander it legitimate' re source's upon the fa voted corporations and then tax the people to pay Its current expenses? In this matter the question of govern ment ownership Is not Involved. The coal lands of to the nation. They have been bouzlit and half the states ana terrftories. If any member of congress thinks this an issue tout can bo longer neglected lie will be un deceived before the next election comes 'around in his district. Wbhln the last i three or four years sxtlve work has begun I on the Panama canal and nearly $iO.U.00 case, common sense says rent It. The plu- '.tor Irrigation has accumulated from the toe ruts will advance many ingenious rca- sale of public lands. These are great enter sons why the people's coal land should be priaee. The people approve them and will riven away, but these reasons are all willingly supply the hundreds of millions The or.ly mar. whom poverty can crush vitiated by the element of eelf-'nterest. needed to carry thtm to success. But C3n is he who icicks ti e riches of character. The nation has In these lands a permanent ; congress Imagine that the vast population l'n3u? consciousness c.f the Intellect usu- sou'.-e of Income, and if it is wise it will dwelling ah r.g the main inland rivers will ally res from an unrecognized s nse of keep them snd so manage them as to nro- ! loncer be silent over a few fitful driblc is an aching void. rtuce the greatest possible revenue. ' f.,r the Improvement of these waters? j No n atter how hungry a man may be - I v v. f Improvement so fur has been s thing I he is n;ie to cl.i ke on the hicaJ of char- tv without the butter of kindness. Cr.l Ego Tribune. PERSONAL AND OTHERWISE. Mr. A. Grip Is no longer Swedish minister to the United Slates. Lost It. New Tork papers are now advocating government control of monkey houses. Chesty Japs should translate and ponder over the Scriptural Injunction: Pride goeth before a fall." Sir Thomas Llpton's panegyric on Amer ican prosperity calls for a freshly bread beaker of tea as a reciprocal offering. Bourke Cockrsn has been excused from his duties as congressman. A bridegroom at 61 or any other age finds a crowd Irksome. A salary of JIO.OX) a yeir Is not too much for a; man comj-etent to boost Chicago's greatness, In view of the strain Imposed cn his liction department. A Chicago university ircftssor ho tackle J the lazy boy. It is gratifying to know that the great beacon of educational prog ress has tackled a subject of its sise. Pessimistic beyond reform is the critic who doubts the coursge of the Judiciary when one of the honored profession boldly rules that it is no crime to hug a pretty girl on a doorstep. Notwithstanding the grave problems of state placed before the people by President Roosevelt. Baltimore insists that the main issue is "s campaign of education on oyster culture." Raw or stewed? Chicago reports a unique discovery made withc-ut the expense of a illoon. A slice of railroad one mile long, valued at $T.0OC CMiO, sll within the city limits, has not ap peared on the tux rolls of the city or Religion may have many forms, but they tor torty years, as b tax ooager me cnicago prize winner leaves Deorasaa tied at the poet. The old Key mansion in Georgetown, n"ar Washington, which was the home of Francis S-ott Key. author of "The Siar gpangied Banner." until his death, will be spared from destruction and desecration. This was ac-ompllslitd through, the efforts of Mr. F. Key Smith, a grcM-granuson of Trancis Soott Key. The Chicago girl's "I mill'' blooms glor iously. Tho hold-up man who tried to grab her purse collided with a left hander and escaped with one eye in niojrnlng. "Poor fellow." exclaimed '.he girl us she shook the fist that sn-ote Mm, "he needed the DOMESTIC PLEASANTRIES. "What's this I hear about your marrying the immensely wealthy Mis Glimmer? You certainly are a lucky dog." "Then you haven't met her." Cleveland Plain Dealer. "Oh," said the young wifa, "George doesn't love me as he did." "Nonsense," replied her mother. "Only this morning 1 heard him call you the dearest girl in the world.' " "Yes. but he used to call me 'the dearest girl that ever lived." " Philadelphia Ledger. "Sir I 1 want to marry your daughter." "Is that all you were hesitating about? Why. 1 thought you wanted me to lend you some money." Baltimore American. "What's the matter, child?" asked the bride's mother. "I'm afraid he d-d-doesn't love me sny more," the sweet girl subbed. "At the Ounce last night he marked off only the first, second, fourth, sixth, eighth, ninth, eleventh, thirteenth and fourteenth for h-h-hlniself." Chicago Kecord-Herald. th all have one face of love. The more of a truth a man knows larger liberty he finds In It. The easiest way to fell out of the Chris tian psth Is to sit down In It. The man who brags of being speedy doesn't fgure on the grade he Is on. To make a child profess a man's religion is to put him to school to hypocrisy. -. . . iiivi.. . o I nna.ll nnu . . . - - - - j I gone by wilho'-t any epprc priatun wlul- Glorlea f Titled Aristocracy Prove to 1 ever, ar-.d river Improvermnt flels have Be Iea Sea Fralt. j t-n t.cd up to rust In M.eness because Chlcsgo Inter Ocesn. .there was no money to Keep tnem going Consmlo Vandirhtit Churchill. dm)ies hlch we stHrak alitwdy. belong , of Marlborough, according to a London money badly or he wouldn't have taken such a riak " Iin t she a oexr? "Gerald, have you asked papa yet?" "Oh. yea; I asked him this morning. It' It's all right, Lucy." "What did he say?" "Well, he said there was no accounting for tastes, and that if you had your heart set on bringing me Into the family he guesavd he could stand it." "Oh. Gerald, isn't he a dear'" Chicago Tribune. FOREVER. John Boyle O'Reilly. Thoae we love truly never die. Though year by year the snd memorial wreath. A ring and Mowers, types of life and death, Aie laid upon their graves. For desth the pure life saves. And life all pure is love: and love oan reach From heaven to earth, and nobler lesson teach Than those by mortals read. Well blest Is be who ha a dear one dead; A friend he has whose face will never change A dear communion that will not grow strange; The ancnor of lc-ve I death. The b lead sweetness of a loving breath Will repch our cheek ell fresh through weary years; For her wno died long sine, ah! wast not tears, Fhe's thine unto the end. Thank God for one dear friend. With fa slid radiant with the light Of truth. Whose love comes laden with the sont of youth. Through twenty year of death. 1 I d:t?patch, has aent hack to her husband h l" I from her town house "the splendid l.iiid a ;.l Th, fmlv nti.ati(in now ia. they be managed with reference to the pub- anorn(.j witn ,he Marlborough crest and lie wenare. or i"i so " ccronet and the quantities of antique s i possessions of the rapacious trust' Some I ver )lCir;,M,mi of the coal tana or ine gweru.nrui n.i. Me Brr a,,0 lnfonred bv a I M aA L . w A 1 Ut St n aa I' p ' cen so4j m .in " ' (1r the Ijordon ".( v" r,re. ih.i I.nd of precisely the wind eiuality will rent for $1.X per acre. This being the remaining servant, no press longer With fteipM cmsestlon re;iorted in every part of the country, theie is practically "nothlng doing'' in bettering permanently toe water transportation. Let cotigress Tiuke up. The c!ei satior.s at its doors meaa business. A few m.ull scraps for the. fee ble Improvement cf the Mifstaslppi snd Its the Jenkinses ' tt .butar.r . ar.it.ur.tir.- to l.tt'.e more than a poor excuse lor ,oii.g Homing, w 111 no longer surTV-e to l;erp more than half the ear t!:e the 20 Discoun ( We are direct importers of Opera Glasses and offer you durirg the coming w?ek a fat discount of 10 per cent on our entire line cf Opera and Field Glasses. We are exclusive makers of "O-T0T" imMMK SITOCAXS no line vr cr k 10 blur the vision. Huteson Optical Co. Agent for the Eastman Kodak. ractory as Va rrl gpeotael , U aa4ad, 11.00 a p. 213 SOUTH SIXTEENTH STREET. LOsTDCaT OatAKA SEATTLE Marlborough colors." tl.at "t.er grace has Inhabitant cf the country quiet on their hkealse discarded the ati.tie.nerv ..-.e.n. tigh'.s. Appro' rlatwus by cor.gress are a p. tha etucai erat t,om- ... r h '. iToSi l.tr.g 1c v.. ,i ej a ear. '1 he last river only with 1 e r advlress. has scrupulously put aside all Indication of her rank." and will probably leave Lnglund and " huoae one of the Italiun cit.es for her permanent abode." Consuelo Vanderbllt gave a'.l she had tnd harbor bill wis skimped down to $i0. leO.U'V Congress will not be able to shufll off the present demand with a few mean laKless g n-ralit!e about keeping down ex panses. What has bien kept down U Vaierway Improvement, not expense. KECILAR IliUla AT 1'Uk PI I PIT. DENTISTRY i S aav rest. dies that saifal as. t U1 aad crows teeth without Fla. Of coarse If year We-ta are n lt t.aop aoi e4lua ten aA of paialeeaaas la year dsatal work. But U tk.y ar s.aaiuve yeall ajipretolat It, xu Aaabt. My charge are vary reasonable DR. FICKEG, Dentist. rh. Doaf. 5JT. S3 Be Bid-. PlttsVurg D'.?iatch- Vr Parkhurst says , that the Parson's proposition for msrr'.age Ion trial would 1-e "consecutive polygamy.' I Very likely: but what else Is the easy divorce tys'.em ror tnoe a no can ar lord it? e'h cTgo P.e.'O'd-lb ruld : Rev. Dr. Pe'.ers I declares thut New York s;vie'y wears the soiled unuri clothes 1 d privity b-nealh the white couk of virtue. To casual ob servers the white cloak often appears to be pretty bbdly streaked and smirched. Minneapolis Journal: The wife of a Cin cinnati tt.lni.ter h a recently been voted a salary by her husband's congregation. The minister wife, as a rule, earns any thing she gets, ar d Lhen, Lif of tb Uua &- vr7 A ws mm New book for 1 906 is the most beautiful book we ever issued. Pictures in natural colors cf 97 presents for the users of Arbuckles ARIOSA Coffee. Will be ent free to any one who writes for it. Do you real re what a peat but: oral ibis ArUtckie' AKIOSA Cot! ne a At ssanjr as 30.000 Urttetj for praaec'i recfirrci here ta (J.r. la yeac we eje-patthei fosr ii.ilu.ja avlvidaal prearnis to our cuMooiec preaeou thai bsouat ieaca ok thaoL aad appreuaucja i sctara. Here is one from Mrs. De Jmette : 44 1 appreciate higlJy the beautiful presents teal me from you from time to time and will say that your coffee is the leading brand on the market, the purest, best and healthiest' coffee rver made. 1 have been a user of it for 25 years and will want it as long as Lie Lasts. ' The coffee is worth three time its present market t Millions cf persons in every part of the country drink no other Coffee, and swell the sales of ArbuckW ARIOSA unLl thev exceed the combined sales of all the other packaged coffees. Arbuckles ARIOSA is the be?t Coffee for you, saves your money, and gives you present besides. Speak softly but plainly to your grocer man if he tries to sell you bulk coffee. Tell him you know. ii jrour grocer won't n-TV-y. w-rilg ka