East Oregonian : E.O., October 30, 1907, DAILY EVENING EDITION, Page PAGE TWO, Image 2

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PAtK TWO,
DAILjT EAST OHKGONIAN, PENDLETON, OREGON, WEDNESDAY, OCTOBER 30, 190T.
EIGHT PAGES.
"IT'S ECONOMY"
to have all fabrics Sponged,
Shrunk and Pressed before
leaving the store.
Leaves the goods sightly.
The price always 5 cts. a yard.
The Peoples
Where It Payn To Trade
LOST HE MONEY
ri'.-UC IS THE REAL
LOSER. NOT PROMOTE"..
Raker City Democrat Gives Clear Di
- agmb of the Real Maimer In
Milled Water I Squeezed From
Worthless Stocks Promoter of
Wildcat Compuny Squeuls, Rut Has
Really Lost Nothing Doc9 Not
Affect National Wealth.
As a result of the great shaking
np Wall street has been passing
through lately, the financial menag
erie in the stock exchange say they
have lost three hundred million dol
lars. We are tempted to laugh at
tliclr discomfiture, says the Bakr City
Democrat
The country is passing through
the most prosperous period it has
experienced for years; labor is well
paid; factories are crowded with
crders; harvests hava been bountiful
ami prices at the top notch.
The great west Is taking very little
Interest In Wall street troubles,
and the nation for. some good reason
his ceased to kneel In supplication
at the feet of Wall street gamblers.
3ut they say they have lost $300,
000,000. Our first premise Is, one
cannot lt.se what never existed, and
the loss they speak of never was tan
gible wealth. Let us reason a minute:
Ten men of Baker City promote the
Hot Springs and Cold Water Railway;
the Cyclone Aerial Navigation com
pany; the Baker City Hot Air Manu
facturing company, etc., ad libitum.
In the name of each of these corpora
tions they issue 1.000,000 shares of
stock at the par value of 10, that
means that each company Is capitali
zed for 110.000,000.
They divide the certificates of stock
..qunlly, that means that earn of the
10 men holds shares of the face value
of J3. 000, 000, against which there Is
not a dollar.s worth of legitimate as
sets, not even a roll top desk nor an
office duster. Would any one of our
readers contend that these men are
really worth $3,000,000 each? They
wlli be that, it is true, when the
gullible public buys their stock, and
as their stock, by Judicious advertis
ing and artistic lying seems to be In
public demand they advanc the
price.
The public still keep on buying
the Individuals fail to materialize and
the dear public lets go at any old
price; the promoters buy the stock
back and find the public now too
skeptical to touch It; it Iosjs its com
mercial value, rather its artificial
value. I' v i
Does any one of our readers Bay
there has been a financial loss to the
promoter? The people have lost, the
jiromoter gained, and now that he
c?nnot resell his worthless paper he
howls like a whipped cur and says:
"My loss is more than I can bear."
Starting with nothing, sold worthless
seeuritl.-s for par, bought back at a
price fixed by himself on the ex
rhinje, he hrn them now, he cannot
rehypothirate them, for the people,
the public, are on to his schema, but
has he not the difference between
what the d-ar people paid him and
what he paid the dear peopl.
And does he riot ride In his motor
car and live In a summer cottage and
travel in his own private car while
l'W victims walk? Who has lost by
the transaction? There has been no
diniinuatlon of national wealth, the
volume Dt money In circulation Is
Identically the same, the granaries
and warehouses are Just as full as
they were before the smash came, the
TEA
Not 1 in 1000 who buy
Schilling's Best wants the
money.
Your groctr rrturnt jour money If yon don't
likt Schilling'! t t we pay him.
1 TET
OUR
MODERN
METHOD
SPONGER
does
dependable
work.
Warehouse
Save Yoar Coupons
railroads are unable to handle the
freight offered, etc.
The fact of the matter is that the
gullible public has parted from its
wealth, the promoter has it, and the
stork, and now mourns his loss be
c.use he has reached tha point where
the pu','.;. refuses to be led.
. x TO END TROUBLE.
...;jU"S of Land Seekers Settled In
A" rlous 1'nlque Ways at Lakevlew.
Lakevlew, Or., Oct. 30. There
were 200 landseekers In line when
the hour came for filing on the lands
opened September 28 in Klamath
county.
?nme of thesj claimants had been
In line a month. Everything was en
tirely harmonious for three weeks
because the entrymen made an agree
ment that permitted them to appear
twice a day for rollcall and hold their
places without sleeping and eating on
the spot.
The rush, the last one Oregon will
see, has been full of picturesque
features. Two or three marriages are
in prospect as a means of settling
rival claims. All kinds of trouble and
years of litigation are In prospect be
cause timber and stone entries, home
stead filings and sauatters' claims are
being exercised in some cases on the
same quarters. Several claims have
from three to six entrymen, while
two are the rule rather than the ex
ception. USED WATERMELONS.
Roys Give Passengers a Scare by
Hurling Red Mealed Melons
Through Cars.
Burlington, X. J., Oct. 30. Police
and railroad detectives are striving
to discover the Identity of youthful
culprits who used watermelons with
disastrous effect to passengers In bom
barding a fast train leaving here
shortly after noon.
The attack upon an express bound
for i'hlladalphla was made 'near
Stevens' station. The train was run
ning at a high rate of speed through
a cut, when tha youths lined up on
top of an embankment. Eash hurled
a huge melon. Two melons burst on
the exterior of the coach and others
went through a forward window,
showering broken glass over a score
of passengers for the entire length of
car. '
Many were almost smothered by
over-luclous melons.
Rig Pear Yield.
A. Chandler, whose home and or
chard are near the Old Town, Is In
the city today. In speaking of the
yield this year of 24 Winter Xellls
pear trees, nine years old, he pro
duces figures which will make some
of the local growers think twice and
figure again before they will announce
that they can beat them, says the
Taklma Republic.
These trees occupy less than a
quarter of an acre and yet their com
bined product this year brought Mr.
Chandler $456, which is about $18 a
tree. At this rate an acre yielding
the same quantity per tree would pro
duce $1900 wortri of this choice fruit.
The aggregate yield of these 24 trees
for the last three years has brought
Mr. Chandler $1062 In cash.
One apple tree of the Yellow New
ton variety, which stands alone In the
Bame orchard, yielded this year 19
boxes of first grade apples, which
were sold at $2.25 a box, and five
boxes of culls, which brought $1 a
box, making the value of the yield
of that one tree $47.75.
Time Checks Good.
Olympla, Wash., Oct. 30. In the
case of state of Washington, appel
lent, vs. Chehalls Furniture company,
respondent, the Judgment of the su
perior court of Lewis county, sustain
ing a demurrer to the Information, Is
affirmed. The company was charged
with I.vsulng time checks to emplowes
contrary to the statute so prohibit
ing. The company demurred on the
ground that the facts alleged In the
information did not constitute a vio
lation of the law and the supreme
court sustains the lower court, hold
ing that time checks payable In caih
are good. Their use did not Involve
the evils of the company store system,
The Walla Walla Fair association
has $7000 left above expenses this
year to pay n Its Indebtedness.
E PlltS
OF ILL SHEET
DIFFERENCE IN RESULTS
IN PAST FLURRIES
A Few Years Ago Result of Present
1'lnaiKliil Condition 'Would Have
Rceit Felt Over Emir Country-"
Some FumoiiM Panics .In .Bygone
Years and the Cuufes and Results
The Pnnlo of '73 "Black Frhlnj"
the Famous Panicky Dny.
New York, Oct. 30. Now that they
have had time to catch their breath
Wall street men are figuring why It
was that last week's collapse in the
stock market was accompanied by so
few failures. That the collapse did
not result in a panic, with the conse
quent failure of many stock brokerage
houses, may doubtless be attributed to
one cause, namely, that the public
was not in the market.
To go no further back than 1903
it is found that declines much less
severe than those of last week brought
disaster to a number of stock ex
change houses, and these were fol-
Sowed three days later by another. The
allure of Talbot J. Taylor & Co., one
of the three, was connected with the
losses lncidentlal to the disastrous end
of the Keene pool in Southern Pacific,
and too large Interest In more or lose
unmarketable securities was assigned
as the reason for the suspension of
W. L. Stow & Co. and E. S. Hooley
Co., the two other firms.
Hill-Huixlmnn Flglit.
The panic of May 9, 1901, finds Its
adequate explanation in the Northern
Pacific corner resulting from the
fight between the Hill and Harrlman
forces for the control of that property
ard In the necessity of selling other
securities to meet the situation devel
oped by the corner In Northern Pa
cific. Losses In that stock were made
good by sales of other securities, and
it was done so precipitously and with
such dread of the result of the strug
gle over Northern Pacific th.it values
crumbled away.
Failure of 1890.
The extreme weakness of the mar-
Jket in November, 1890, was attribut
able to several unfavorable develop
ments, not the least of which was the
news of the Baring failure, which be
came known on the 13th of that
month. During the same month a
number of failures occurred here, al
though the declines were not as se
vere as those which have taken place
In recent weeks. It was In November,
1890, that Decker, Howell & Co.
failed, and several less Important
failures occured In the same month
The '73 panic.
September, 1873, is remembered as
the history of the stock exchange. It
the hstory of the stock exchange. It
was on the 20th of that month that
conditions became so bad that the
authorities of the stock exchange
closed the Institution for ten days. On
the same day trading on the stock ex
change was suspended at the height of
the panic, but not before a score or
more of houses had gone to the wall.
"Black Friday."
Probably the most famous of all
the panics that at one time or another
have seized the financial community
In this country was "Black Friday,"
September 24, 1S69. For this the
Fisk-Gould corner In gold was respon
sible. On that day gold rose to 162
1-2, and stocks broke with unprece
dented violence. Lock wood & Co.
prominent n those days, failed, and
the announcement of their suspension
was followed by the failure of many
other firms. The Oold Exchange
Bank became Involved and suspended.
The declines from the hlcrh point
of that month to the low point on
"Black Frday" In some of the stocks
active at that time were 23 1-4 points
In Chicago & Northwestern, 16 In the
preferred. 13 1-S In Chicago & Rock
Island, 15 In Erie, 13 1-2 In the pre
ferred. 52 5-8 In Hudson River, 30
1-4 In Lake Shore, 19 3-4 In Milwau
kee & St. Paul, 14 1-4 In the prefer
red, 53 1-4 In New York Central, 8
3-8 In Ohio & Mississippi, 2 7-8 In
Western Union, and 21 1-4 In Pacific
Mall. Whh it is recalled that these
were the declines not of the day of
the panic alone, but of the entire
month, It will be seen that they offer
striking comparison with the declines
of the early days of last week.
grub stake legal.
California Judge Decides Question
IniKrtint to Miners.
San Francisco, Oct. 30. Judge De
Haven this morning handed down a
decision whereby II. Cascaden was
awarded a fine third Interest In min
ing claims nt Alaska aggregating In
value about $100,000. This decision
Is of great interest to mining men as
It involves the transaction' common
ly known as "grub staking."
Cascaden was authorized by George
F. Dunbar, Charles Scott and J. Ben
nett to locate mining claims for them
In Alaska. Cascaden located three
valuable claims on Clcary creek,
which he turned over to Dunbar,
Scott and Betmett, with the under
standing that they would record the
claims. This they neglected to do un
til the original staking of the claims
was declared void because of lapse
of lime. Afterwards they recorded
the claims In their own names.
Rears Partial In Pigs.
Hears are reported to be making
the-nscives very obnoxious to the
ranchers up the river above T.o'"lr':
by persisting In the habit of dining on
the latter's pigs, geese and chickens.
One rancher Is reported to have lost
30 pis. Enterprise News-Record .
Edna Main, a 17-year old girl, Is
under arrest at Tacoma for stealing
md the police think she Is a klep
tomaniac.
1
the Man With the Wooden Hat
A young Scotsman was shown Into
the otflce of a great engineer ut Bir
mingham. He was wearing a hat of
extraordinary shape, and at bis nerv
ousness at meeting the man of fame he
let the bat slip. It fell with a hollow
thud upon the floor. Tbe engineer look
ed with astonishment at the thing. The
ownor picked It up and apologized for
the noise It bad caused. It was of
wood, ho explained, lie hud unule It
himself, turning It with bis father's
lathe. Tbe engineer thought that there
must be something In a man who could
think out and make aucb a thing as
this. lie forthwith engaged blm, kept
an eye upon blm and gave blm work
of responsibility. The engineer was
Boulton; the new man, William Mur
d.ock. The man with the wooden bat
was sent away to Cornwall, and when
be returned It was to light up bis mas
ter's premises with gas. Tbe mind
which first practically applied the co.il
gas to tbe purpose of lighting lived In
side that wooden bat St. James' Ga
tette. j
Good Manner.
A friend of yours and mine has very
Justly defined good breeding to be "the
result of much good sense, some good
nature and a little self denial for the
sake of others, and with a view to ob
tain the same Indulgence from them."
Taking this for granted as I think It
cannot be disputed It Is astonishing to
me that anybody who has good sense
and good nature can essentially fall
In good breeding. As to tbe modes of
It, indeed, they vary according to per
sons, places and circumstances and are
only to be acquired by observation and
experience, but the substance of It In
everywhere and eternally the same.
Good manners are to particular socie
ties what good morals are to society In
general their cement and security.
And as laws are enacted to enforce
good morals or at least to prevent the
111 effects of bad ones, so there are cer
tain rules of civility, universally Im
plied and received, to enforce good
manners and punish bad ones. Ches
terfield. Mad For Fat Mn.
One of tbe narrow arches In the gal
lery of the chapel at Columbia univer
sity Is not exactly symmetrical, al
though the defect Is not noticeable to
tbe casual observer. The reason for
tbe widening of tbe arch after Its orig
inal construction bad rise in a some
what humorous occurrence. One of
the early visitors was a remarkably fat
man, who found himself wedged Into
tbe arch when he tried to squeeze
through and was extricated with some
difficulty. The builders, recognizing
the possibility of other fot people be
ing numbered among the future vis
itors, decided to widen the arch, sac
rificing symmetry and harmony to
practical need, as the pier was so con
structed as to bear no loss of width
on one of Its sides. New York Globe.
Caribou Horns.
Not one out of every ten female cari
bou has horns. When they do have
them, they are much smaller than
those of the bull. The horns of the
female have, however, hi general many
more branches than those of the bull,
and they are much nioro regulurly and
finely formed. The cows carry their
horns much longer than t'jo bulls.
They have been seen with their horns
in the month of April. The old bulls;
shed their horns from the 10th to the
last of November. They hardly ever
carry them after the month of Novem
ber. The young bulls shed theirs from
the first of December until the middle
of February. The younger the aultnal
the longer he retains his horns.
Mountain of tha Sacred Footprint.
Adam's peak, or Mount Sam"-1'", i
rugged mountain In the Island of Cey
lon, Is known throughout the orient ns
the "Mountain of the Sacred Foot
print." In a flnt. rocky basin at the
foot of this mountain In stone a;; lu'."d
as blue granite there is the perfect Im
print of a gigantic human foot, five and
one-half feet long by two and one-half
feet wide. The Ceylonese IJrahmani
have a legend to the effect that the Im
print was made by Adam, our first par
ent, but the Buddhists declare that It
could have been made by no one but
Buddha.
Water Naedles.
So penetrating Is water at high pres
sure that only special qualities of cast
Iron will be tight against It. In the
early days of tbe hydraulic Jack It was
no uncommon thing to see the water
Issuing like a fine needle through the
metal, and the water needle would
penetrate the unwary finger Just as
readily as a steel one.
Cash or Credit
Women should not get credit. Nei
ther should men. Cash Is the cure.
Tradesmen maybe would hare a bad
time for six or twelve months, and
many a lady would have to "lie low."
but In the end we would get b&tb our
trade and our money, and she would
get her dress and at far less cost
London Opinion.
Th Vice Presidency.
"It's stbrantfe about th' vice prlsl
dlncy," said Mr. Dooley. "Th' prlsl
dincy Is th' highest olilce In th' gift
lv th' people. Th' vice prlHldlncy is
th' nex' highest an th' lowest. It Isn't
a crime exactly. Ye can't be slnt to
Jail f r It, but It's a kind lv a disgrace."
"Dissertations by Mr. Dooley."
, His Hope For Revenge,
Judge (to barber sentenced to death)
If you have a Inst request, the court
will Ik glad to grant It. Barber-1
should like to sliave the prosecuting at
torney, Munich Jii'X"iil.
To be able t h.wo the things we
nut, that Is ruve.i. ;::t to lie iJilc to
I) without, that Is power - V;ci'oi;ii!.
Farmers at Net Perce, Idaho, have
formed a pool to control grain prices.
Universal peace Is far from belr.g
nn accomplished fact. Just now the
Moors are giving France considerable
trouble. We are always more than
able to hold our own when It comes
to selling high grade gentlemen's
clothing at prices that please. If
every man wore one of our correct
suits, its dollars to doughnuts ' that
universal peace of mind would be an
assured fact.
Bond Brothers
Pendleton's Leading Clothier.
For
Indigestion J
Hurried eating, ill chosen food,
over eating any of these indiscre
tionsfrequently result in acute puiiii
and other uncomfortable sansations
which are wearing on the nerves
and temper.
For all ills of the stomach
BEECHAETS
PILLS
are specially valuable, as they act
almost immediately on the undi
gested food and carry it out of the
stomach. These wonderful pills
combine certain vegetable ingredi
ents in exactly the right proportions
to secure the best results, without
doing violence to the delicate lin
ing of the stomach.
Before the public for over half a
century, for indigestion and kindred
complaints, Beecham's Pills
Have
No Equal
Sold Everywhere.
In boxes, ioc. and 25c.
Ready-for-Use
PAINTS
Varnishes, Oils, Stains
and Enamels.
Thousands of new de
signs in Wall Paper.
Pendleton Paint Store j
L. J, Murphy.
121 E. Court Black 3181
J
Ml
JIM
ST. JOSEPH'S
ACADEMY
PENDLETON, OREGON
Under the direction of the Sinters of
St. Francis, of Philadelphia. Tlcsldent
and day pupils. Special attention
given to music and elocution. Stu
dents prepared for teachers' exami
nations for county and state certifi
cates. For particulars addrexs
SISTER SUTERIOR.
I'EXDLETOXS I'OI'LLAR
BOWLING ALLEY AND
POOL AND BILLIARD
PARLORS
Alleys and fables newly drcuscrl and
overhauled. A quiet, ordorly renort
for gentlemen and Indies.
PASTIME PARLORS
BASEMENT HENDRICKS' M;.
The East Orcironliin Is Eastern Ore.
gon's representative paper. It lciulu
and Uie people appreciate It and show
It by their liberal patrotuige. It l
the advertising medium of Uie section.
Have You Seen
DDImIS
The New Ladies' and
Children's
THEATER
Moving Pictures
That are funny and
fascinating
DIustrated Songs
All late and catchy
Programe Changes
every Sun. & Wed.
Shows 2 to 5 p. m.
and 6:30 to 10 p. m
Admission - 10c
Children under 10 yrs. 5c
Main st. Next to Radcrs
"lis one long howling laugh"
i!
"Everybody Works
But Mother"
She Cooks
With Gas
W5f
AFFORDS A SOFT, WHITE,
LIGHT AND IS UNSURPASS
ED TO READ DT.
Call at ofFce for particulars.
Northwestern Gas
& Electric Co.
j MATTOCK HOLDING.
-
wiiiniim wine
t OR WHISKEY,
a,iI; i 1-4
we enn supply your wants to tha
kliiK's tucto In short order. Our
hnwidn huvo mado a reputation for
tliorriHclvos a fact that you will easily
und.jrHtnnd when you get the first
tiiHle of either our Wlno or Liquors.
Tliu fact that medical men recom
mend our Roods to their convalescent
and nick patients speaks volumes In
their favor, Let us coax you to try
a slnRle bottle for family use. We
think you'll buy of your own accord
afterwards.
Old Kentucky Wine and
Llauor Store,
JOHN GAGEN, ITop.
'Pliono Main 650. Court St, Opposite
Golden Rule Hotel.
vei me Best
Good
I Dry Wood I
: :
and the
DEBT KIND OF COAL.
I'ltOMIT DELIVERY.
W. C. V.INNIS
lAMivn orders at
HENNIN'G'H CIGAR STORE
Oppose ivopl, WarehouHe
PHONE MAIN 0
f