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CAUSE OF PROSPERITY Free Trade Between States the Greatest Influence. the taritf a perennial issue Trotoctfou to TrantN linn Vastly In cceuaed the Cost of Living, With Which WaKes Have Not Kept Pace. The United State* lino Prospered In Sl>ltc <>f Hifch Protection. What a blessing It has been to the American people that the fathers of the republic insured free trade iu the United State*; If each state In the Union could enforce n tariff tux against the other suites or any one of tliem, how hampered commerce would have been! Every state line would have been a string of customs houses, and tN'lit t >r-; of tariif taxes would have searched every one who wanted to go from one state to another, as is the ease in the European states today. Free trade between the states hns been the most potent cause of our marvel ous internal commerce and of our pros perity. in spite of the drawback of the Jjigii uuiu liiut imposes such an ob stacle In our trude with foreign na tions. I'mil the constitutional limitations res ri •Unjt taxation are removed the federal government Is virtually com pelled to raise the necessary revenue by tariff taxes and internal revenue tax ation or resort to the method of direct taxation, apportioned according to the population. Such a direct tax would be unequal taxation, and no party has advocated imposing It either iu lieu of other taxatiou or to constitute n part of the federal taxes. Therefore the tariff taxes and Inter nal revenue taxes are virtually the sole mo-irs >>f raising the necessary reve nue to support the government. The question of the relative percentage of tariff taxation Is therefore a perennial Issn ■ that cannot be easily obliterated, auil 10 settle iiow high or low the tar iff wall slm.ll be Is of the ntmost Impor tance to the American people. The ordinal pretense for the high protective tariff was to encourage In fant Industries, but the tariff laws be fore the civil war were very moderate In comparison with the present law, •trtid yet the infant Industries conduct ed by individuals have now grown to be gigantic corporations and still de niand protection. The further pretense K now made by the Republicans that the high protective tariff is necessary to protect the wage earner and increase his wages, but this pretense is shutter ed by the that the cost of living hns increased much faster than wages have under this Republican system, and tlie wage earners are revolting against tin Republicans, having dis covered their prosperity Is not enhanc ed by the plundering of the tariff pro tected trusts that high protection has fostered. Hut tho -TPfit argument of our mod ern stand ["it statesmen Is tlint to re vise t!>e t riff would upset the present prosperity, but In fact we hnve pros pered in spite of the drawback of pro tection and chiefly because of free trude between the states, which has produced an enormous traffic from one •tate to another without the blighting Influence of high taxation. If the tariff was so revised that In stead of protecting the trusts the rates were H.vd to produce enough revenue to run the government, honestly and economically administered, how far greater our prosperity would be! Our trade with other lands and theirs with ours would bo vastly extended, and In stead of the trusts selling cheaper to foreigners than to ojr own people we ■would have tho choice of the markets of the world to buy and sell In. With free raw material our manu facturers wi slid compete In every mar ket. and Instead of the cost of living being nearly "n per cent higher than It was ten v irs ago and wages being less than 20 per cent higher—a clear loss of per cent to the wage earners — the two would so adjust themselves that the workingman and those with fixed incomes would participate in the prosperity that is now monopolized by tiie trusts and the few at tho expense ©f the many. Fining Corporation*. Do 's any one believe that the New York Central railroad would have con tinued to pay rebates and the Standard Oil trust have continued to restrain trade by l!l~'_'al combinations If the laws had been enforced and the trust and corporation managers had been prosecuted Instead of the corporations? The conviction of the managers of the New York Central railroad and of the maun 'or; of the Standard Oil trust un der t' 10 criminal section of the law would at once set other trust magnates to thinking. Fining a corporation Is not the effective way to stop the law breaking. but one trust magnate in ■tripes would do more to deter the oth m than If all the corporations In the Tnnd were fined to the full extent of the law. Snhlrct to Clihiikp. Mr. Shouts Is trotting as changeable as his noble master. First the West Indian darkles were to make the dirt fly at Panama, tlvau Chinese were to &• Imported to do the trick, next the work was to be let by contract, so that the administration would not be blamed for employing Chinese labor. The latest is a declaration of Chairman Slioiih; that ao Chinese have been en i \ ill bo engaged for work there PI 111 >no one will have to dig the cr\nal, for we liave the assurance fti tbe KoptiHlemi campaign book that the Ttepubllcin party "does things," 11 It doe-- cha-.s- its mind from week ta '*celc. Grand Theatre e - »• " ENX ' *'*■'• Sunday & Monday Jan. 12 413 FRANK W. HEALY Presents the Knickerbocker Theatre, New York City. Musical Comedy guccess THE STROLLERS Book by Harry B. Smith Music by Ludwig Englander A Notable Company of Principals and a Smashing Chorus Prices: $1.50. $1.00, 75c, 50c, 25c Seat sale starts Friday, 9a. m., at Paine's Drug Store CURRENCY INFLATION Scheme to Increase National Bank Notes. 50 Per Cent. HIGHER PRICES SURE TO RESULT Per Capita Circulation Ha* More Than Doubled Since 18TS and In creaned BO I'ep Cent Since lOOO—Ue ware of Republican ConsreMiinien With National Hank Connections. The American bankers' committee have formulated a plan for credit, or clearance, currency to be Issued by na tional banks, In addition to the bank currency now issued with United States bonds as security. The amount pro posed to be Issued is not to exceed 00 per cent of the bond secured circula tion outstanding, which amounted to $-109,000,<X>0 in 1905, but which has been largely increased since that date. The security for this proposed Issue of credit currency Is rather Indefinite, the report of the committee stating: "Before any bank can issue credit, or clearance, currency It must deposit with the treasury department or de positories to lie designated by the com mission approved securities of the bank pussed upon by the comptroller of currency's department to an amount 10 per cent In excess of circulation to be Issued." The approved securities of the banks probably uiean the notes, secured and unsecured, that have been discounted by the banks, but that would seem to be a very poor security for currency and quite troublesome to handle on ac count of Its constantly being paid or removed. As the comptroller of the currency's ofTlce has not shown any excessive ability In spying out defalca tions and other banking irregularities in advance of the failure of banks. It can hardly bo trusted under the pres ent management to exercise further discretionary powers for the protection of the public. The people will Indorse no law pro viding for bank currency that is not redeemable by the government, with no possibility of loss for the people or to pay for loss by taxation. But there is another question that vastly affects all the people in this scheme for currency inflatiou, and that is its effect upon the price of commodi ties. The present Inflation through the increased output of gold and the in crease of the national bank currency from 90 to 100 per cent of the face value of the bonds deposited and the great number of new national banks authorized under the law which re duced the necessary capital to $25,000 has Inflated the circulating medium from $15.32 per copita in 1878 to over $32 now, or over 100 per cent and over 50 per cent since I'JOO. To this infla tion may be charged part of the great Increase In prices, which is also largely due to the monopolies created by tariff protection of the trusts aijtf combines. The inflation of the currency nnd the prices of commodities would seem to have gone far enough for the comfort and advantage of the people and to puss laws expressly for the benellt ot the banking class and the Wall street speculators Is special legislation and undemocratic. As the Republican party Is notorious ly favorable to the banking and cor poration interests, It- is advisable for voters to pledge candidates for con gress and state legislatures who will elect United States senators, that they will oppose further inflation of the cur rency for the benellt of the banks. The onTy demand for this asset cur rency is from the banks and from the Wall street speculators, who are con stantly crying for more money to carry the burden of the Inflated valuation ol stocks, which are largely based on no real values. Red llrrrnge. "So you spurn me!" he cries In wrathful woe. "But I shall have my revenge!" "Ila, ha!" laughs the heartless maiden. "You may laugh now, but wait! In the four years 1 have known you you have given me six ph .tograplis of yourself. Each one of these I shall have enlarged by t'ie cheap crayon process and presented to your various friends and relatives." Leaving the frightened girl in a swoon, the cruel swain departs with the melodramatic tread of one who will stop at nothing.—Judge. ABERDEEN HERALD, THURSDAY, JANUARY 10. 1907 MOVING THE FALLCROPS The Annual Wall Street Howl For More Money. DULATED STOCKS AND BONDS. How All the Surplui Cash Convca traten In Wall Street—The New Move of the llunkem For •• Asset" Currency—Another Instrument to Bleed the I'ublle. Wall street is having Its annual trou ble of tight money, although the ad ministration has loaned the Wall street and other national bankers over $150,- 000,000 of the public money without In terest. As interest rates are very high, both call and time money bringing 0 per cent and over, and has been even us high us 30 per cent for a short period. It will be seen what a great profit the bankers are making from this enormous loan of the public funds. As nearly all the banks of the country keep an account with one of the New York banks, when there is a slack de mand in the country these deposits of the country banks with the New York banks are greatly augmented for the reason that the Wall street banks pay interest of 2 or 3 per cent on dally bal ances. But when the farmers begin to market their crops the wheat and oth er produce buyers beuiu to use their money on deposit with the country bankers and also borrow of the banks they do business with enough money to buy the products the farmers are sell ing. This crop movement compels the the country banks to draw upon their deposits In the Wall street banks and at other monetary ce tcrs and immedi ately the Wall street bunkers begin to howl they must have more money to move the crops. As the Wall street 1 ankers loan their surplus money to tlie : tuck speculators, they nre compelled to "call" these loans made to brokers and :lie:s go that the deposits of the country banks can be returned to their Instead of Wall street banks fu .is'.ii.ig the money to move the crops liiey are merely return ing the money of the country banks to bo used for that purpose. The real cause of the periodical Wall street money squeeze is that the bank ers and their chief customers are load ed down with railroad and Industrial stocks and bonds, for which no mar ket can be found at remunerative prices. The public with money to in vest has found other Investments more safe and profitable, and as there Is a constant further Issue of stocks and bonds the amount controlled by tlie Wall street Interests Is Increasing. Many of these stocks are "pure wa ter"—that Is, thero has been no actual Investment of the money they repre sent—but interest Is paid on them or Is expected to be paid on them In the near future. There Is plenty of money In the country to enrry on nil legitimate busi ness, but under the Republican policy of tariff protection and loaning (lie surplus public money to favored na tional bunks, which natitral'.v finds Its way to Wall street for una, because the profits are greater there than else where, there has grown up an era of trust and corporation Inflation by Issu ing vast amounts of stocks and even bonds, which have to be financed by Wall street. The bankers are now joining in a movement for a change In the banking law, so that they can issue more notes based on ass -ts, and unless the people of the country pay lieod and Instruct their representatives In congress to be careful of legislating In flie Interest of Wall street they will iiml the money power provided with another Instru ment to bleed them. There are already too many laws which allow the few to benefit at the expense of the many. MEN AND THEIR EYES. Dante Gabriel Kossetti had gray blue eyes. Von Moltke, the soldier, had bright blue eyes. Julius Caesar had black eyes of great brilliancy. Darwin's gray eyes looked out froiu under heavy overhanging brows. Kobort Louis Stevenson had brown eyes, humorous and very expressive. In the younger Pitt the sole evidence of genius lay in his brown eyes, which glowed like live coals. Charles Lamb hid very glittering eyes of two colors gray and hazel wltli red spots on the iris. Clearance Sale For one week only. Begins Monday, Jan. 7th. and ends Saturday, Jan. 12th. A good time to save money. 20 per cent reduction on all Pictures, Mirrors and Art Goods. 25 per cent reduction on all Burnt Wood and Outfits to Burn with* Sewing Machine Special Washing Machines 1 Box Top, White, pood shape.. .$ S.OO ® 7 P?Y e * a y> n ®. w * onl Y- --- I 1900 Washer, worth $11 special pr £8.90 1 Eldridge, slightly used 25.1)0 0 Wave .< 1() 7 . )0 1 Domestic, drop head 33.00 I Uwan H we, 10 m, vr i • ii- i . White Lilly, " 10 44 .... 7.« X) The Machines are all in good shape. , T • a- « m *< <- on Are delivered free to your home. ' Majestic, 10 /. All kinds of Sewing Machine Needles for all kinds of Machines at 25c a dozen Our Sheet Music Department is complete* We have over seven thousand copies and have clas sed them for this Sale. All Music in Class A 20c in Class B 15c per copy. All 10c Music will be sold three copies for 25c. Do not forget this Sale We Make All Kinds of Picture Frames, ring in Your Pictures and Have Them Framed. 20 Per Cent Discount On All Clocks We have all kinds of Talking Machines and sell them on very easy terms. 20 Per Cent Discount on all Violins, Mandolins & Guitars Remember Sale begins Monday, Jan. 7 and con tinues till Saturday, Jan. 12. PHONE II n*YCTTC 414 East 583 M, I Alt lit Wishkah Anyone in need of help or em ployment may do well to call at Louis' Employment Office 107 E. Heron St. Cooks, Waiters and Loggers especially. Also if you have real estate. L. C. DURKEE Wheels Repaired A. Ingebrightsen 20G C Street Complete line of bicycle sundries always 011 hand. Fishing Tackle Sporting Goods FREE FREE City Library and Reading Room CITY HALL, ABERDEEN Open from 2 to 5:30 and 7 to 9:30 p. m Sundays 2 to 5:30 p. m. Visitors always welcome MRS. J. M. WALKER Librarian Cured of Lung Trouble. "It is now eleven years since I had a narrow escape from consumption." wiitesC. O. Floyd, a leading business man of Kershaw, S. C. "I had run down in weight to 135 pounds, and coughing was constant both by day and by night. Finally I began taking Dr. King's New Discovery' and continued this for about aix months, when my cough and lung trouble were entirely gone and I was restored to my normal weight, 170 pounds." Thousands of persons are healed every year. Guaran teed at Kvans Drug Co. 50c and ifl.Ou. Trial bottle free. t The Herald la the most widely read paper on Gray'a Harbor. Wise advsr« titers know It, A. W. Barkley has the dope. Price and Quality Talk AT 116 6 Street. Hayes & Hayes Bankers (Incorporated) Aberdeen, : : ; Wash. Transact a general banking business. Foreign anil domestic exchanges bought and sola. Taxes paid for non-freeidents. Always ready to discount good local mill paper OFFICE HOURS—Open at 9 o'clock, close at 3 p.m. Saturday, close at 2 p. in. Oixming one hour in the evening, from 7 to 8. ARTISTIC PRINTING If you want printing that will combine good points, ARTISTIC, STRIKING, VALUABLE, Let us figure on it for you. Our work has the extra, touch that pays. It looks right to our customers and benefits the business Herald Printery 408 EAST WISHKAH ST. TEL 561.