240 Leading Events Insure your property with the July 16-Special cabinet meeting is held Home Insurance Co. in Washington to discuss Chinese situation. July 17-Shanghai is threatened. Foreign consuls cable for warships. National convention of the Republican League meets at St. Paul, Minn. July 18-China is reported to have declared war against Russia. News is received in London and Washington of the capture of Tien Tsin by the allieu troops. The Canadian Parliamnet is prorogued at Ottawa by Lord Minto. July 19-Russia gives the Chinese minister at St. Petersburg his passport. July 20-Secretary Hay receives a cipher message from the American minister in Pekin. July 21-Germany and England both doubt the authenticity of the Conger dis patch. Lord Roberts attacks Middleburg. Oom Paul leads the defense. Presient Mc Kinley receives an appeal for aid from the Chinese Emperor. July 22-Colombian rebel forces are reported to have captured Panama. July 23-Communication with Peking is reopened. President McKinley promises conditional mediation to China. July 24 Chinese government promises safe escort to Foreign Ministers in Pekin. New Japanese Minister arrives in San Francisco. July 22-Another message is received at Washington from the American Minister at Pekin. July 23-Communication with Pekin is reopened. President McKinley promises conditional mediation to Chia. July 24-Chinese government promises safe escort to foreign Minister in Pekin. New Japanese Minister arrives in San Francisco. July 25-Another message is received at Washington from the American Minister at Pekin. July 26-Colombian rebel forces surrender. July 27-Battleship Oregon is docked at Kobe. July 28-Lady Randolph Churchill married Lieutenant Corwallis West. July 29-National quarantine is declared against Cape Nome and Dutch Harbor. King Humbert, of Italy, is assassinated. July 30-General Prinsloo, wit.. 5000 men, surrenders unconditionally to the British. July 31-A dispatch is received at Rome saying that the Chinese government holds 600 Europeans as nostages. Aug. 1-The allied forces are marching on Pekin. The transport eade sails for China with 1000 American soldiers on board. Aug. 2-An anarchist in Paris attempts to assassinate the Shah. Secretary Hay informs Li Hung Chang that the United States will not bargain with China. ....Of New York Cash Capital, $3,000,000.00. The Great American Fire Insurance Assets aggregating over $12,000,000 00, ALL J. D. COLEMAN, General Agent, JOHN H. BURGARD, DON'T WEAR ✰✰ Baggy Trousers or We call for, sponge, press and deliver one suit of $1.00 A MONTH. UNIQUE TAILORING CO. 347 Washington St. BOTH PHONES. BELMONT RABBITRY PORTLAND BOX 714 OREGON Rabbitry at 148 East 34 Street. BREEDERS and DEALERS In High-Grade Pedigreed BELGIAN HARES DUKE OF TECK score 95, a long, red, racy son of Champion Dash, greatest prize winner in America. At stud $15 00. Britain Chief at $5.00. Stock for sale from Britain, Banbury. Yukon, Rockdale, Sir Styles, and other noted strains. Write us your wants-we will start you right with acclimated stock. Send 2-cent Stamp for BOOKLET. The British war loan of $50,000,000— $28,000,000 of which was taken in New York has been the cause of considerable comment and speculation during the last month. It is pointed out that the United States is rapidly becoming a creditor. rather than a debtor nation. Henry Clews, in commenting upon it, says: This transaction affords us a financial prestige never before enjoyed, and is another decisive step in the direction of New York's advance to the first place in the money center. It is the foreunner of the world's government securities that will ultimately find their broadest market here. We have demonstrated our immense financial strength before all nations, and now make a beginning in reaping the reward, Such a development would be utterly impossible if our finances did not rest upon unequivocal gold basis, maintaining our currency upon equal terms with that of other great nations. The leading exchanges of the world are the Royal Exchange, in London; the Paris Bourse, the Berlin Frankford and Vienna Bourses an the New York Stock Exchange, but the latter is now on its way towards the leadership of all these. Senator Chauncey M. Depew, in a recent interview, spoke to the same effect: "The sudden development of our industries," he says, "and the immense accumulation of money growing out of the fact that Europe is paying $60,000,000 annually for American products has not only brought the bank rate and call loans up 1 and 2 per cent respectively, but the Western banks are now buying paper in the East, because there is no demand for money. that half of the British war loan (all, if it The fact had been permitted), was taken in the United States, demonstrates these conditions which have already made New York one of the financial centers of the world. conditions continue, and have no doubt If the they will, New York will soon be a dangerous rival of London in Lancing the government enterprises of the world. "The rapid information we are acquiring regarding the industrial conditions of the world, the necessity of finding a market for our increasing surplus products, and also active participation in the solution of e Chinese problem, tend to make New York an active competitor in the schemes for the development of the far East. I. is a near possibility that the New York Stock Exchange will actively deal in many foreign stocks and bonds. Largest Clothiers IN THE NORTHWEST. Corner Fourth and Morrison Streets Portland, Oregon. JOLLS THE CHOCOLATES THAT ARE MAKING PORTLAND FAMOUS L THEY ARE THE MOST DELICIOUS BITS THAT YOU CAN IMAGINE. MORRISON STREET, OPPOSITE POSTOFFICE. ✰✰ S. G. Skidmore & Co. CUT-RATE DRUGGISTS We give special attention to Prescriptions and the selection of High Grade Bristle Goods. 151 THIRD STREET Portland, Oregon STENOGRAPHIC WORK OF ALL KINDS DONE 735 Chamber of Commerce Portland, Oregon 242 "The United States, with 3000 miles of ocean from European governmental complications, will never take a military part in the rivalries and jealousies and wars of Europe. These very miseries, the wars, make the United States every year stronger as a financial factor, and will, I believe, make New York the financial center of the world. * * * New York's export of gold attracted much attention in Germany, the press comment being that New York is fast becoming the world's banker. Moreover, apprehension is expressed at the growing indebtedness of Europe to the United States, which will be increased during the remainder of the year in consequence of the cotton shipments, and it is feared that New York will recall gold from England and Germany before the year is over. * * * The government crop report was of more immediate interest to the markets than even the situation in China, and the placing of the British loan of $50,000,000. Translated into bushels by the statistician of the Produce Exchange, the crop report indicates a total wheat crop of 513,997,000 bushels, against an indi cated crop of 510,365,000 last month, EDWARD HOLMAN and an actual harvest of 547,303,840 bushels last year. The corn crop estimate is 2,190,790,000, against 2,240,770,000 estimated last month, and a harvest of 2,078,143,933 last year. There is, therefore, an indicated decrease of 33,306,840 bushels in the yield of wheat and an indicated increase of 112,646,067 bushels in the yield of corn, as compared with last year. There is nothing in this exhibit to cause alarm or dissatisfaction. The crop of this country usually un po ' s t u strikes the keynote of national prosperity, and this year it strikes it loud and deep. -Philadelphia Ledger. * * ** Ineligible. Pilson-"Are you going to take part in that guessing contest?" Didson-"Oh, no; they'd rule me out as a professional." Pilson-"Professional?" Dilson-"Yes; you know I am connected with the Weather Bureau."-Columbus Ohio State Journal. UNDERTAKER Experienced FUNERAL DIRECTOR 280 Yamhill St. Pat. July 25, 1899. McCLURE'S Sanitary Abdominal Bandage for Obesity or Weakness of the Abdomen is not excelled. Call or write for circulars. Mining Treas. F. J. HARD, Sec. DIRECTORS-L. G Clarke, J. E. Haseltine, David Goodsell, P. J. Jennings, I. G. Davidson, F. V. Drake, E. A. Clem. THE NOME BUBBLE. Every returning vessel from Nome brings back hundreds of disappointed people who were among the thousands that ventured to that bleak Artic coast in the vain search for gold. Some few have good reports to bring, so far as they themselves are interested, but the remainder-who comprise about ninetenths of those returning-cannot find words of condemnation strong enough to depict the harrowing scenes they have passed through, and are now thankful to once more set foot in the states. The real value of the sand at Nome has been many times multiplied and grossly misrepresented by the numerous transportation companies. They have made. mountains from mole hills, and have thus beeen able literally to coin money at the expense of many prospectors, who spent all their earthly possessions for a passage thither. The gold beaches at Cape Nome are more or less myths. It is true that some very remarkable finds have been madewhich is true of nearly all boom mining camps-and a few men have taken out gold, but there have been no great fortunes made on the beach, nor are the prospects for such at all encouraging. some Enough machinery has been sent to Nome to turn the earth. Lines of sluice boxes, steam, gasoline and coal oil engines, dredges, etc., have been placed on the beach, but nearly every outfit has lost money, and hundreds of thousands of dollars worth of machinery can be bought for less than the freight charges of getting it there. Thousands of men have lest everything and are compelled to remain in that unsanitary place awaiting funds to take them home, or else have been compelled to appeal to the government for aid. One party of Oregon men spent $30,000 in taking up a big dredging outfit. They went blythly to work, and after a week's work cleaned up $2 worth of gold. The machinery proved a dead 244 failure, and now the immense plant is being pounded to pieces by the waves of the sea. This wild stampede to Cape Nome reminds the writer of a little incident that happened at the opening of Oklahoma. Our party, together with many hundreds more, including an old grey haired negro mounted on a dilapidated excuse for a horse of the same complexion as himself, were lined up at the northern boundry of the Chickasaw nation anxiously awaiting the given signal which would allow us All eyes to enter and stake our claims. were centered on the old negro, and the bulk of the conversation was of a nature intended to interest pity in one so poorly equipped for a mad rush to the interior. At last the welcome signal was given and we all started at top speed-I say all, all but the old negro who jumped from his horse and made the remark that "this hear was good 'nogh for him." The rest of us rushed far on to the interior. So it is with those who have gone to Cape Nome. They have traveled over the best mining country in America while passing through Oregon, but the thoughts of the glittering beaches as represented to them urged them on to what, for many, will prove financial and physi cal ruin. Every day fresh news is received of great strikes made in different mining camps throughout Oregon, with the result that practical miners, as well as mining investors, are either coming to this state themselves, or are sending representatives to look the field over and locate or purchase properties. Probably no where is this emigration more keenly felt than among the Portland mining brokers, who report business increasing each month, which demonstrates that a large part of those coming to look the field over are sufficiently satisfied with the prospects to spend their time and money in helping to bring the state to the front ranks, where it belongs. The Common Fate. Like everybody else, the sea waves arrive at the shore in great style, but go away broke.-Philadelphia Record. |