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The Athena press. (Athena, Umatilla County, Or.) 18??-1942, June 09, 1893, Image 2

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Persistent link: https://chroniclingamerica.loc.gov/lccn/sn96088356/1893-06-09/ed-1/seq-2/

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ATHENA PRESS
Published Every Friday Warning
By J. W. SMITH.
Entered at Athnpctofflo M MCOnd-claM
mail matter.
SUbcrlptlon 'Rates: v
Pef'yealV In advaiM, ' - ' fiM
Single copies. In Wrappers, 6c.
Advertising Hats:.
TiOrai reading notloea, (1 rot insertion, 10c per
tine. Kacti sutaetitkent insertion, 8c.
All cnmmon!eat!ong ihonld be addreued to
f he FKE8S, Athena, Oregon. .
Athena, Oregon, June Cfth, 1893.
THE DECLINE OF SILVER.
Fob over, fourteen years, the
United States has tried to keep
up the price of silver by legis
lation, but has failed. On August
the 12th last-, the price- fell' to
about 7S3cerits per ounce;, atixE this
was followed1 by another decline
the latter part of December, to
763 5 cents per ounce; the lowest
point ever : reahed before that
. lime. . '
... . It was in 1878 that tho Amer
ican policy of silver purchase was
begun by the enactment of the
Bland Silver Act, compelling
coinage of $2,000,000 per month.
At thnt time the price was over
$1.09 3-5 per ounce.
The- United Stated produced
less than 35,000;000 ounces. By
the end of 1878, the averaga price
had fallen' to $1.01 j per ounce;
and, although it rose to over f 1.05J
fn May, 1882, its tendency on the
wholfi-r'tino' that time has- been
downward. In 1883, the average
was $1.027;.' iov 1885, $.988, in
1 1888. $.37;. and in 1889, $.86G.
In the- meantime, 291,272,019
ounces had been purchased at an
average cost of about $1.07i per
ounce.. In, 1890, it was pleaded
that if government purchases
.were increased'), the metal would
rise tattle level of par with gold;
and! the Sherman Act, still in
force; wa passed, by which the
purchases' -mw incraaied to 4,-
ounces . per month. A
JmO!SJl!LSSS pnee followed,
1890 was
t was
500,000
V for
for silver has been generally down
ward and unsteady., The evil
has been aggravated by several
other causes artificial inflation,
already mentioned; the low cost of
production, which, in some Amer
ican mines is said to be only a
little over one-third of the present
reduced price, and core recently
the sale in- India of 7,000;000
ounces of silver a month for gold'
with which to pay the interest on
the public debt. Should K'urope
return to her old policy,, resuming
the use of silver as legal tender
upon a fixed ration to gold, and
at the same time opiv her mints
with equal freedom to the coinage
of both metals , no doubt much of
the evil resulting-from the present
loss of the par of exchange would
be removed. Experience Bhowe
that as long bs that system' was
in force, the ration of valne varied
but little, notwithstanding the
; variations in production and
'use of the metals. Although a
return to the old order was not
to be expected, it was hoped that
some international compact might
be mado as- tt result of the con.
ferenco at . Brussels, whereby the
powerful influence of Governments,
which determine the monetary use
of the metals, might be' effectively
enlisted in some broad scheme
for the restoration of silver and the
maintenance of its parity of ratio
with gold.
It i admitted on all hands- that
something must be done, and that
quickly. Silver cannot very long
retain its present anomalous posi
tion. It must either be rehabili
tated in some degree, 'or pass out of
monetary use except in, the Far
East.
INCOME TAX.
Many reports are being sen out
from Washington, by correspon
dents that President Cleveland
fm-s an income tax. to fill the re
venue gaps that he made by pro
posed reduction of the tariff, and
that he will lecimmend such a
course inhis first message to con
gress. In commenting upon such- a
course the New York Sun takes
i the position that the income tax is
suggested to "curry favor with the
Populist, the Farmer's Alliance
ana tne socialists. it opposes
ax on the ground that it
ob persons with big. incomes
benefit of those with small
nnd claims that-nothing
loyjt the tax nr the Demo-
tform.
w York Press denounces
me tax. as confiscation, a
teement tio the accumula-
apital1
hiladelphia Itetwsays that
e tax is not only social-
it jt is so extremely
ocratlc that it is doubtful
at strong and influential
the party can make it the
ven fofceilas an issue.
I -also- that the tsx
heavily felt in the
Constitution an
ying: "Tho- idea
not give the ooun-
Yefornv or remedy
the Democratic
absurd for dis-
i a tax ia con-
fx amounts to
is socialistic,
Vhools and pos
Jc. If it robs
i.-fii .1
it is needed to
of a robber
r claims that it
r vi .
V nor CIARS Ifrrla.
sbery; but that
Inpt to equitably
arden of taxation,
r man with bicot
taxed more heavily
tx neighbor with a big
ithat an income tax will
fose who are able to pay
i does not bear their share
public burden.
MAL- SCHOOL BUILDING..
ard tha Contract to A. M. Gil
lis, of this City.
boards of regents of th
nrmul HfKnnt t W fin mtf.
(v to co4ieider proposals and
J 'for the building. : J. H.
?y,'Nathan Pierce, W.M. Steen,
;A.' Worthington, and R. M.
a ers wer present. V, M, Pierce
Att. W. AVebbd'd not attend."
T. V. Howard, of Pendleton, pre
pntwl t,wt nlans. A. and B. Thev
were similiar . itr design; bat ona
plan called for a structure some
what larger than the other. Un
these bids were: plan A Ed Money,.
f396o; Uahoon & Fielding, $9940;
plan B Ed Money, $9635; Caboon
fe Fielding, $y540,
T. St6uben, of. Pendleton, pre
sented idan, with an accompany
ing bid, which was $10,950''
On-the plan of Georee Williams,
of Weston, the bids were: Cahoon
& Fielding, $10,450: McKav $10,
'910; Mr. Sheiber, of Walla Walla,
$10,250; A. M. Gillis, $9,836.
Dupuis A Cahoon, of Pendleton;
had a plan in, their bid being $9000.
After due deliberation the regents
adopted the plans- of Mr. William
and let the contract to Mr.- Giliit,
the Athena-contractor, with bonds
fixed at $20,000. The phu oalls
for a two-story building. anl a- bsse
ment,.thre being several rooms.
It will be a well' arranged and
handsome structure. The chief
contest, over plans seemed to rest
between, those' of Williams andi
Steuben. That of the latter won
muchapprovalythe only objections
beingrthe higher cost.
What They Think of Us..
s . . i i i ;i
I
Irving McQuary' has sold the
Athena Prebs4o J. W. Smith and' F".
B. Boyd'. We wish' the Press-con
tinued- prop perity. Union Repub
lican; 5
Irving McQuary has disposed of
.the Athena Press to J. W. Smith,
;a teacher- of that place, ancPFred!
U. Boyd, nn employee of the office.
We wish it success- under the new
management. Among' the im
provement announced for the
paper is a new cylinder prew; and a
lot of new material. OregonScouf.
-.
Irving McQuary, for several
years the popular and successful
quill-driver of the Athena Press,
has disposed of his paper to Messrs.
Smith &' Boyd. Mr. Smith, was
principal, of the Athena- school B-
'the past winter, and Mr. Boyd has
been an employee in the mechanical
department of the Press for some
time past. We wish the new man
agement success. Marion County
Record;
Irving- McQuary Ha, soldi the
Athena Press to Smith & Boyd!
Prof. Smith iB well and favorably
known as an educator, and Fred
Boyd has had a hand in running
the Press for the past two years.
Both gentlemen are well qualified
to turn out a good newspaper, but
they will have to"- "get on? their
imuscle" if they expect to db better
work than the genial and fearless
, McQuary. The Herald trusts that
the late editor will meet witH sue-
cessin his new field and that thi
new managers will reap a sub
ptintial pecuniary reward from the
Press. Ore-gon Alliance Herald.
... .
Irving McQuary, editor of the'
'Athena h'REes since looo. has sold
his interest in the paper to J. W.
ibmith. Portland Oregoniao. .
Irvine McQuarv- who for the
past six. years' has successfully
If . A. J. ..a
giuciea the lortunes ot the Athena
Press through the shoals and'
rapids that beset the ourse- of a
country weekly, has disposed of
his interests in1 that journal to
Messrs. J. VV. ibmith and Fred B
Bovd. Walla Walla Statesman.
Advertised Letters..
List of letters remaining. un
claimed in the Post Office at Athena
Umatilla County, state of Oregon,
June 1st. 1893. Persons calling
for the samoRay "Advertised.
Anderson, J. Pleroll, Bertie J.
Colbert, James Remington, W. M.
Fritts, Wm.-L. Shaw, James
Foot, Ella F. Steppx L. S".
King, Ofecar Smith.. F. A.
Kimaey, Harry Vinecore, C. L.
Mclvey, T. II. Wilson, Martha
Martin, Dave Walton. E. C.
Paquette, John Waller Edgar
(Sito W. IfANSBLt, P'. 5T.
The wav to wild vv- Athb.
IS TO PATRONIZE HER IKSTITUTION8
AND INDUSTRIES.
TAFT TOLBERT & EO
-r GENERAL-
Blacksmiths,
Fourth Street, Athena, Ore.
LL KINDS OF MACHINE
REPAIRING AT LOW
RATES,
Horse shoeing Wagon Work
Stanton & Arkell,
Proprktors of the '
6 iFh IfifT 3 5
PilEAT rMRKET,
Corner of Main k Fonrth,
A Large variety of Meats aU
ways on baiul. See us.
JUST
The iBrgwt stock ot
' vnwUrC"j3rat)tio
Plense
No!?h-notr pass as- by.
Call and exami-n out
atoplt; you will purchase-
TV alio bw a oomslet stoctt of
Base Ball
Supplies,
KltteB) marbles-.. crouets,
Stationery, books, school'
supplies, musical instru
ments, notions, cigars
toUavcoj. and5 confectionery,
REME1BEE!
WE ARK HEADQUARTERS
FK
FISHING '. TACKLE
THE" BEST STOOIC AND'
Lowest Price
If KMSRL atSOHET'ATHEfiAl
THE
HAS1
RECEIVED
Tackle,
feh oity.
benr this in mind.
Bad Eoads
Makes trade slow, Bt we offer such RARE INDUCEMENTS
toCnstomers who venture forth that they come to town
spite of ' ; ' '
Whenever they are in town
and are able to make
A
root
Deals That Pay.
Thi not neglect the CITAKCE, bnt take ADVANTAGE of our
OFFER.
ATHENA,
TP
Ladies
Our new stock of ID3?eSS GrOOCLS has ,
arrived' from New York, and we will be pleased to
show them Amony the dress-goods-will be the latest"
patterns in Pointelles, Grendines, Sateens, Chambrays'
Cashmeres, Sublimej.Summer Suitings,- etc etc.
LATEST HOVELTIES 111
Cniflori and1 Oriental laces, embroideries,- Hamburg :
edgings, fancy Ti'.s, Gloves mitts, Handkerchiefs, et6.
Entirely new and complete line of Ribbons, uniqjja.:
in design and very pretty (-UnderweaC'aiid.IIosiery ih
all grade, and remember that v
HAVE JUST RECEIVED THE LARGEST INVOICE
of Ladies, Gents, Misses, Boy's and ChildWs Shoes -ever
brought to the eity. They com pnae the latest
styles and for neatness and' elegance cannot' be beat, ,
and will be sold at hard
We would respectfully ask your inspection of these
goods, knowing you will be pleased, and? it will be a
pleasure far us tor show them to you:
BERGEVIN BROS.,
4 , ;
Athena , OregoiL.
-. .' V.
they find just what they want
, , . .... "
OREGON.
A.
Pace
ollis-
3.
La
TRiMMiHCS TO MATCH.
times
Prices.:
SP1
in.
-'

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