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About The Conservative (Nebraska City, Neb.) 1898-1902 | View Entire Issue (Sept. 27, 1900)
DESIGNATED DEPOSITARY OF THE UNITED STATES. National Bank of the Republic OF CHICAGO. CAJPIT-AX. , OJVB MILLION DOLLARS. JOHN A. LYNCH , President. W. T. FENTON , Vice President and Cashier. J. M. CAMERON and II. R. KENT , Asst. Cashiers. R. M. McKINNEY , 2d Asst. Cashier. AMERICAN MONEY ABROAD. Farther evidence that Uncle Sam is becoming a money lender to the world IB furnished by the German loan of $25- 000,000 which is now being subscribed in New York. Something more than a year ago a largo Mexican loan was floated in New Yoik , bettor terms being obtainable there than elsewhere in the world ; then came the Russian loan , the exact amount of which was never stated , bat which was well up toward $50,000- 000 ; then came the sensational placing of $28.000,000 of the British war loan in Now York , and now Gernany joins the milks of borrowers from America. Perhaps thrifty France , which up to the present has shown a sponge-like capacity to soak up the enormous debt which France has accumulated , will bo the next applicant. It will be assumed by some that the money which has been lent to the German government will come out of the pockets of the rich bankers whose names are connected with the under writing. Bat that this assumption is baseless appears from the statement of John A. McOall , president of the New York Life Insurance company , that his company will take one-fourth of the entire amount. This insurance com pany , like others of its class , is a huge co-operative affair , with the funds in its possession for investment really belong ing to , as they were contributed by , many hundreds of thousands of policy holders. In like manner the great sums now confided to the care of the loan companies and to the banks represent the money not of the few , but of the multitude. There is nearly $2,000,000- 000 in the savings banks of the United States today , placed there , not by the rich , but by the comparatively poor. Formerly the idea almost universally prevailed that the few lent to the many. This * false notion was fostered among those who did not look below the surface of things by the fact that the custodian of money has seemed to be its owner. As a matter of fact , in America today the many loan to the few. Through the instrumentality of banks , insurance companies , building and loan associa tions and various kinds of investment concerns , the money is gathered together which is talked of on the ex changes. Factories , railroads , steam- ship companies , mercantile companies in fact , nearly every kind of large enter prise are habitual borrowers. It is seldom that they lend , and the money they borrow comes from the thousands. The business of this country today is done on the capital furnished by the people who live in small houses. The educational campaign of 1896 , and the discussion of the money and correlated questions which has continued since , ha i done something toward breaking up the old ignorance , but a good deal yet remains , and therefore , as to this Ger man loan , it would doubtless be said that it doesn't signify anything , except that a few rich New Yorkers have more money than they know what to do with. Des Moines Leader. W. T. BAKER TELLS WHY UK OPPOSES URYAN. Mr. William T. Baker , a prominent Chicago business man , who has exten sive interests in the state of Washington and constructed the electrio light plant of Tacoma , v ill not vote for Bryan. He is a Cleveland democrat and believes the issues Bryan typifies are dishonest and lawless. Mr. Baker wrote the fol lowing letter expressing his views : Sir : The democratic organization has passed under the control of public enemies , and no man who holds to the traditional doctrines of the party is under the slightest obligations to follow the present leaders. "The policies that guided the party from Jefferson to Cleveland have been side-tracked for the isms of populists and anarchists. Even free trade has given way to Bryan's promise that he will 'recommend such additional legis lation as may ba necessary to dissolve every private monopoly which does bus iness outside of the state of its origin. ' "This would mean under populist interpretation and control the limitation of all successful enterprise within the state lines ; not a captivating programme to suggest at the moment when Amer ican commerce is being pushed beyond the seas. "The democratic crusade against ex pansion , termed 'imperialism , ' is an absolute sham , a silly and hypocritical invention to divert attention from their revolutionary purposes. Expansion has been the polioy and practice of the American people since the pilgrims landed on Plymouth Rock , and no man who understands the real spirit of our institutions can be frightened by the phantom of imperialism which Bryan has conjured up for the campaign only. ' Since Napoleon Bonaparte there has been no greater imperialist than Bryan himself. His will is the law of the party that supports him , and , if elected , he would endeavor to rule the entire nation with the same iron hand. Napoleon deluged Europe in blood to reaoh a throne , and Bryan would not hesitate to wreck every industry in the laud to attain the presidency. "This talk of imperialism is like the rattle of the snake that hurts nobody. It is the head of the reptile that is dan gerous , and there you will find the free silver bite. "The paramount issue is exactly the same now that it was in 1896. It is 16 to 1 and lawlessness , as personified in Bryan , versus the gold standard and the security it brings. I shall vote for Mo- Kinley as representing the latter. WILLIAM T. BAKER. " Earn While Learning Your Chosen Profession et cct l anil occ > ii > ! ctl by The Jntcrnalional Correspondence Kcluiols. Young men and women looking for employment should send for our free circular "Support Yourself While Learning a 1'rofvnslon. " It tells how wo prepare you to till a salaried posi tion in your cliobcn profession , wherein you can support yourself while learning , and earn more as you learn more. You can become a Mechanical Engineer Electrician Architect 200,000 ( Indents and graduates In Mechanical , Klertrltal , Hiram , Clill and Hiiilnc Engl. neerlng ; Architecture ; Drawing and Dnlgnlng ; t'bemlilrjr ; Telftranhjr ; Telephony ; Hlenogranhjr ; Ilook.Vf filing j Kncllih llranrhri. Whin writing state Buliject In which Interested. International Correspondence ochools , E.UblUl.rd . 1801. Capital $1,500,000. Box 1296 , Scranton , Pa.