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Lewiston evening teller. [volume] (Lewiston, Idaho) 1903-1911, November 29, 1907, Image 6

Image and text provided by Idaho State Historical Society

Persistent link: https://chroniclingamerica.loc.gov/lccn/sn86091109/1907-11-29/ed-1/seq-6/

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I m pa rt s a
rare softness.^
beauty and del-^
Icacy to the skin.'
It is a perfect aid I
beauty, restraining!
the ravages of $un,'
wind and time. Elimi
nates tan. sunburn and
freckles, sallowness and
imperfections of the
Possessing a dainty clinging!
perfume exclusively its own!
it leaves a pleasing odor]
rivaling the sweet breath
of spring, wuct so cint«.
br oyer nine yw« I «offered with chronic con
letton end daring this time I had to take en
iction of warm water once every M hour« before
mid hare an action on my bowel«. Happily I
u *nd today I am a well man.
Ping^the nine years before I used Cas carets I
Best For
The Bowels
cajnov CATtwmc
•a or Urip«, We. Sc
• genuine
to cere or yoor money
ffterliog Remedy C<k, Chicago or N.Y. Oos
Now Ready for Selection
E. H. LIBBY, Owners Agt.
G. A.
H. W.
|F you had your money invested in a Growing Or
* chard you would be independent. BUY NOW.
Lands $275.00 up to $500.00. Purest water piped
from the Blue mountains onto each lot.
Call Main 6
We Will Show You in Our Auto.
First National Bank
Capital, $50,000. Surplus and Undivided Profita, $250,000.
Deposits July 1st, 1907, $1,184,277.39
The Strongest Bank in idaho
JOHN P. VOLLMER, Präsident A l' CLAHKE, C«*hi*r
No. 11 upon the Roll of Honor of all National Banks
. Tw&sath
California Wine House
Wholesale and retail wine«, liquors and ciga.-s. The place to gat
your wines and liquors for family or medicinal use. Agents for
Val Blatz Milwaukee Beer
All goods delivered to any part of the city or Clarkston.
No. 423 East Main St. Phone Main 81
WASHINGTON, D. C. Nov. 29 —
The home of President Madison, near
Montpelier was the objective point
of a trip taken by President and Mrs.
Roosevelt, Miss Ethel and Quentin
The entire trip occupied 11 hours.
This is the fulfillment of a desire of
Roosevelt's to visit the homes of for
mer presidents and made a pleasant
outing for the holiday.
Officers Learn Many Damaging State
ments From the Defendant.
BERKELEY, Cal., Nov. 29.—It
has been learned that several days
before he was arrested Harry Klein
schmidt was closely interrogated by
the officers, who secured many dam
aging statements from him against
himself which were presented to the
grand jury. The substance may be
revealed when the application for a
writ of habeas corpus comes up to
N. P. Express Now at Home in the
Thiessen Building.
The Northern Pacific Express com
pany has been moved Into the Thies
sen building, where excellent quar
ters have been provided. The change
In the location has been made neces
sary by plans of the Lewiston Na
tional bank, which provide for utiliz
ing the room formerly occupied by
the express company.
Aged Merchant Suicides.
TACOMA, Nov. 29.—Frank Ku
chera, aged 63, a prominent whole
sale leather dealer of this city, fired
la bullet into his brain at his home
yesterday. He was despondent from
Resume of Wall Street
By Henry Clews
NEW YORK, Nov. 28.—Somewhat
Improved conditions prevail in the
financial district. Hysteria has at
last disappeared and Is now giving
way to a sober recognition of the
fact that conditions have radically
changed, and that the sooner busi
ness begins to readjust Itself
to these new conditions, the soon
er will It be started on the road to
real recovery. Of course the ab
normal stringency in money is still
the chief source of difficulty. Until
that abates it is idle to look for any
change for the better. »Credit is
badly disorganized and unable to
take its part in the nation's trans
actions. Consequently there is an
abnormal demand for currency just
when the prevailing distrust keeps
alive the tendency to hoard. Not
until the premium on currency be
gins to disappear; not until clearing
certificates begin to rise can any
genuine improvement be looked for.
It Is quite evident, now that the sit
uation has passed beyond the possi
bility of relief by artificial meas
ures, that it must be allowed to work
out its own solution.
Inevitable Readjustment.
Events must take their natural
course. There is already a very large
increase in currency supply, and we
possess an enormous stock of gold,
which promises to be still further
increased by importations from
abroad. As soon as biv lnesa returns
to the normal or settles down to the
lower level we will surely be con
fronted with an excessive inflation
of currency and all the unpleasant
consequences which that may in
volve. This, however. Is a conting
ency somewhat remote and can be
best dealt with when it arrives,
which may not be until the end of
winter or the arrival of spring.
During the interim we shall prob
ably be fully occupied with the in
evitable process of readjustment
into which we have plunged with
unexpected force and suddenness.
Incidentally we may receive soDpe
encouragement by the efforts of
congress to give us a sound and
elastic currency system; for that is
sure to be a burning and possibly
the leading question In the coming
season. Unfortunately the legisla
tive outlook Is confused by a multi
plicity of propositions and by the
absence of any unity of purpose or
strong leadership; but something Is
almost sure to be done to correct the
rigidity of our currency system,
which is now so seriously aggravat
ing the financial situation.
Fortunately Good Demand.
- The panicky feeling so prominent
in Walla Street two or three weeks
ago has now extended In modified
form into general business. Mer
chants are often seriously inconven
ienced by the contraction in credit,
buyers seek to cancel orders and
values are frequently weakened in
consequence. Fortunately there are
few markets that are overstocked and
this prevents any such Wholesale
slump In commodities as occurred In
securities. If any oversupply de
velops, it will come from lessened
consumption ; and as steps are, al
ready being taken to curtail produc
tion In the iron, cotton and other
industries that danger is being re
]duced to a minimum. There is little
doubt that when the monetary situa
tion improves, the conditions of gen
eral business will be found fairly
satisfactory and sound. It Is of
course universally recognized that
costs of production are'too high and
must be reduced. It is also recog
nized that we are in for a period of
business depression of grea ter or less
extent. The heavy curtailment of
pig iron production, the partial clos
lng of factories, and the discharge
of many employes, as well as the
postponement of many enterprises,
jare all uncontrovertible evidences of
reaction. Rut this can he endured
and the necessary readjustment ef
fected without great injury provided
it comes gradually and is generally
foreseen. It is the unexpected trou
jbels that do the most Injury: those
which are anticipated can generally
he guarded against.
High Rates Are Over.
On the Stock Exchange there was
continued depression owing chiefly
to high rates for money and tofnr
:tho- liquidation Time money is e\
Iceedingly scarce, rates being from 8
t.o 12 )ier cent and even higher. Of
course, the forced contraction of
credit is accompanied by frequent
calling or shifting of loans, and this
in turn compels a steady stream of
liquidation From the Interior the
demands for currency are still in
sistent in spite of gold imports and
, large additions to the circulation.
About $43,uOO,OftO of gold have thus
far been received and the movement
j is now ,'xpected to reach $80,000,
000, the hulk of wliich we may have
to return next spring. A fortunate
circumstance was the refusal of the
Bank of. England to raise Its rate
from 7 to 8 per cent, such action
having been expected in order to
stop the American scramble for gold
Perhaps London expects that our de
mands are nearly satisfied, or that
i we may be successful in securing a
supply from Paris, or that the situa
tion here will soon improve. At any
rate we have thus far escaped an 8
per cent Bank of England rate,
whioh would certainly act adversely
upon this market. Much . of the
weakness shown during the week
was due to liquidation of parties
who were tided over when the panic
was at its height in order to save
them from unnecessary sacrifices.
Forced Selling on the Market.
Inevitably there must be consid
erable selling from such sources.
The scarcity of money Is also com
pelling the selling of securities to
meet subscriptions on new issues
which are due within the next' sixty
days and which must amount to con
siderable sums. Wall Street at
present is in a fit of the blues of
the deepest shade. Its chief conso
lation is in the fact that there Is
plenty of company and that losses
are being taken more and more phil
osophically. The necessity for re
adjustment is now fully admitted,
the chief question being how best to
meet the crisis. Happily the process
of recovery has already begun and
easier conditions are already in
sight. Meanwhile the only solution
appears to be that of allowing events
to take their natural course with as
little artificial interference as nec
essary. That is certainly the best
method for the elimination of weak
spots as well as for the laying of
safe foundations on which to base a
new forward movement when the
time is ripe. On the other hand, it
should not be overlooked that there
is an increasing short interest in the
market; that the declines have been
extreme, and that good sécurlties
are selling far below their intrinsic
value. These are times of great op
portunity for the genuine investor;
since, while prices may touch a low
er level In case of further difficulties
In the money market, the deqllne
will surely be temporary in the bet
ter class of stocks and bonds. Ac
tual Investments made on the freaks
hereafter can scarcely fail to prove
exceedingly profitable.
NEW HAVEN, Conn., Nov. 29.-^
The visit of William J. Bryan to New
Haven today, to deliver the oration
at the dedication of the Bennett me
morial fountain, was made the occa
sion of a big gathering of democrats
from all parts of New England. The
dedication exercises took place at
noon, Mr. Bryan making the presen
tation address, and tjie acceptance
being by Mayor John P. Studley on
behalf of the city.
This afternoon Mr. Bryan met in
conference many members of the
New - England Democratic Progres
sive league, who were called together
by President Alexander Troup of this
city. Tonight the democratic lead
ers are to attend a banquet at the
Tontine hotel
Mr. Bryan Is to he the guest of
honor, and the speakers will Include
George Fred Williams of Massachu
setts, Governor Higgins of Rhode
Island, and Augustus Thomas, the
playwright. Tomorrow Mr Bryan
will start on a short topr of New
England to deliver addressee:
several of the larger eitles.
Business Educators Meet.
OSHKOSH, Wis„ Nov. 29.—The!
annual meeting of the Wisconsin I
Business Educators' association be-1
gan here today and will continuai
over tomorrow.
Numerous topics of especial inter
est to teachers in business colleges!
and schools will be discussed.
Century Printing Co. Phone Black
601 Basement Lewiston Nat. Bank.
25 ni. f or 25 c
is the price of
$ ssaKing r mm*
fhe Best in the Lana
Eggs! E"gs! Eggs!
e are ready to supply fresh eggs
In any quantity at the regular mar-'
ket price. We guarantee them to be|
fresh Call at our ranch on Hol-,
brook island or drop us a postal.
Carrington A Thompson. Proprietors.
The Plow Woman
A tale of the dangers encountered and the hardship*
endured by a little family in their efforts to hold a
valuable quarter-section in North Dakota, being
A Vivid Picture of Frontier Life
In her sacrifices to enable her to care for her helpless
father and timid younger sister the Plow Woman re
veals a new type of heroine, an American heroine, the
product of our country and our tim*»g ,
The Plow Woman Illustrated by Parker
Will Be Printed in This Paper
J ;
• • '-Jl
( 3 .
> •
r*:T ;
The Plow Woman
In this tale of North Dakota at the time immediately fol
lowing the Custer massacre we have one to stir the blood
of the most jaded novel reader.
Ihe Plow Woman plowed because she must and lost
none of her womanly sweetness in doing so. Threatened
by hostile Indians and more dangerous enemies of her
own race who sought to oust her with her sister and help
less father from their quarter-section, she becomes a heroine
characteristically American and possible only in America.
Illustrated by Parker
A story of the west worth reading
Will be printed In this paper ______ .

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