wntmiiiMinn wwmmumwuctm
UL.
"T'Y
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NEBRASKAN
VOL, JI.
LINCOLN, NEBRASKA, FRIDAY, APRIL 20, 1894.
Np. 17.
BIMETALLISM.
AH AltDIIKHH DKMVKItKIl IHiKOUK Till! I'OI.IT
KlAl, KCJONOMV (JI.UII IIV HON. (J. M.
I-AMIINHTHON
Bdth gold nml silver havu been recog
nized riB money in the United States
Hlncc the formation of the government.
The proportion originally fixed by
Alexander Hamilton wan lD,Vjj ounces of
silver to ohc ounce of gold. This rutlo
remained In force until 1881, when the
ratio was fixed at 10 to 1, being upon the
basis of the commercial value of gold
and silver. It hns, however, been Im
possible to keep gold and silver at the
exact parity, as Bllvcr, being cheaper,
hns fluctuated more than gold, although
the price of gold has sometimes fluctu
ated. From 171)2 to 1831 gold was at a
premium of 2 or I) per cent, and the re
sult was that we were practically during
that time upon n silver standard and
gold flowed out of the country, while
from 1881 to 1878 silver was at n premium
and gold was the stands, d, and the re
sult was that silver flowed out of the
country. In the year 1878, at the time
the silver dollar was dropped from the
coinage, here was but very little silver
in circulation, it being at a premium.
Those wHo wished to use silver in the
mechanic arts and for other purposes
melted it, as the silver dollar In their
possession was worth more to them
melted than as money. Silver did not
circulate, and it was because of this met
that it was dropped from our coinage.
The true theory of bimetallism is that
the commercial value of metal, gold and
silver, should be the same, and not that
each of the metals should be redeemable
by the other. The theory of the advo
cates of free sliver is in that so long us
the government can and does redeem the
silver dollar in gold it will remain at a
parity with gold. The advocates and
champions of-free coinage claim to be
bihietallists and claim .to be in favor of
circulating both gold and silver on a'par
ity, when in fact they are silver mono
mctullists. The urticles of bimetallic
leagues in this country make no refer
ence to the production of gold and its
retention in circulation, but refer exclu-
lt stvely to silver; unuenne guise 01 iiie
name bimetallist they make a covert
attack upon gold. If the members of
this league and those who champion its
principles upon the platform are true
biuietallists they would favor gold as a
circulating medium just as ardently as
they do silver, but their whole argument
. is for the free coinage of silver. Now if
they were honestly in favor of bimetal
lism their main argument would be in
behalf of gold for the reason that we
only have in circulation in this country,
according to the last report of the secre
tary of the treasury, of the date of
March 1, 1891, $1(.)0,000,000 of gold coin
and $71,000,000 of gold certificates, mak
ing a total In round numbers of $577,
000,000 of gold in circulation, while the
amount of silver and silver certificates
and treasury notes and subsidiary silver
is $605,000,000. These totals show that
there is in circulation more silver by
about $28,000,000 than there is gold. In
fifteen years we have increased the silver
in circulation by about $500,000,000, and
up to the date of the repeal of the Sher
'inan act, which provided for the pur
chase of silver bullion, we were increas
ing our silver in circulation, or issuing
paper money based upon silver bullion,
at the rate of about $15,000,000,000 per
year, while the amount of gold has gone
out of the country in excess of the
amount imported, so for the fiscal year
ending July 1, 1801, $68,000,000; for the
fiscal year. 1892, $1911,000; and for
the fiscal year, 1893, $87,000,000; since
the repeal of the Sherman act the ex
pert o' gold and drain of gold from this
country is in the main stopped. It seems
tb nle that the only metal that has been
in any danger in this country within the
last ten or fifteen years has been gold,
which "tiasTjeen going out of the country
as fast as possible, while silver'has been
in no danger.
The circulation of the money of this
country per capita, according to the
treasury statement of March 1, 1891, is
$1,690,075,152, and the per capita is $24.-90.-
Til 18V8?tlie per cdpita was $18.03;in
1888, $15.32; 1890, $22.82. These figures
demonstrate that neither individual
prosperity 'iior commercial activity is
Absolutely coiitrolted by the amount of
the circulating medium. Front July,
1890, tc the present period of great
monetary stringe ncy, we find an ovcnige
circulation per capita of $28,05. It is
therefore apparent that lit common par
lance times may be hard and money
scarce with the most abundant circula
tion. We are now passing through a period
of financial distress without a parallel in
the history of the country. Money was
never closer, nor so tight, nothe finan
cial outlook so dark as It has been within
the last six mouths, and yet the per
capita in circulation is as large as at any
other period lit our history. With a per
capita of silver circuit tion amounting to
about $9, as against lets than a half dol
lar per capita In 1K7JJ, we find ourselves
in us great financial distress as in 1878.
If, upon a given day.Hhe active business
men of the community resolved to make
no further contracts, quit all business
transactions, which has been in a large
sense the state of our affairs during the
past six months, a seeming scarcity of
money would be the result. Whatever
the volume of the circulating medium it
does not impose itself upon anybody,
lie who gets it must give an equivalent
for it. If nobody wants his labor or his
property he could get no money. If he
who bus It refuses to loan it for fear of
being paid in a less valuable currency
the condition is one of stagnation, and
scarcity of money is the consequence
Hard times make money scarce rather
than scarce money makes hard times.
CONCXUDKD NUX.T ISHUH.
The Scarlet and Cream.
The first annual tour of the University
of Nebraska Glee Club is at an end. To
say that it was a success would be put
ting it mildly. It was a pheuomiual
success both financially and socially,
From start to finish it was a continuous
lound of social enjoyment. Eviry town
Visited gave "the Scarlet and' Cream" a
rousing reception. At Ashland and Fre
mont the club sang to large and appre
ciative audiences, which insures success
to the Club if it visits these cities again
next yeur. At Columbus the Misses
Gerrard tendered the Club a reception at
which one of the singers in the "first
tenor" line proved himself very adept at
fortune telling. The Club and young
ptople of Columbus indulged in a dance
after the concert.
Owing to the change of dutc at Hast
ings the audience that greeted the Club
.as small but nevertheless enthusiastic.
A brilliant reception had been planned
for the Club but could not be carried out
on account of the uforesaid change.
Kearney stood up for Nebraska, the
Scarlet and Cream, and set a pace that
could not be beaten. When the Club
arrived, it was met at the train by a dele
gation of resident alumni and escorted
to the Midway hotel. They were then
taken in carriages for a drive about the
city. A reception was tendered them at
the residence of Mrs. Dr. Barten front 4
to 7 o'clock by the young ladies of the
Shakespeare Club, and nothing was over
looked that would contribute to theiren
joyment while in the city. The alumni
tendered the Club a reception in the
City Hall after the concert, after which
the Buffulo Club came in for its share of
the honors and tendered an informal re
ception. The Kearney Jill b says: "Taken all
around, the Glee Club's visit to our city
has been one as pleasant as it has been
profitable and Kearney will always reach
out the right hand to the Scarlet and
Cream."
A large audience greeted the Club at
Grand Island, after which the Club was
tendered a reception by Ralph Piatt at
his home. The Club was accorded the
freedom of the city.
At York tho Glee Club defeated a
ball team from the so-called college by a
score of 15 to 5. Bell's Hall was packed
by a noisy and enthusiastic audience.
Anybody that says Fairbury is a slow
towu reckons without his host. One of
the largest and finest audiences of the
seasou greeted the Club's appearance in
that city. After the concert Miss Han
sen of the High School class of '94 gave
a delightful informal reception at her pa
latial residence.
The Club entertained a very appreci
ative audience at Fairfield. ' ' ''
Through the efforts of Hugh LaMostcr
the society people of Teeumsch tendered
the club a reception In the Opera House
In the afternoon, The rainy weath
er Interfered somewhat with large audi
ences, The Nebntskn City Club gave the rol
licking band of singers an informal re
ception after the concert, which wus lis
tened to by a large audience, No doubt
the Club will score a brilliant future. It
has made a record which no other col
lege glee club in America has made i,
e., to make expenses the first tour,
Regent's Meeting.
The regular meeting of the Board of
Regents took place lost Thursday.
One of the most notable actions of the
Board was the election of Prof Wlllard
Kimball, director of the Iowa Conser
vatory of Music, to the position of
Director of the University Conservatory
of Music. He brings capital and the
financial backing of friends, He has
purchased the Strickland property on the
southeast corner of Eleventh and R
streets, with 150 feet on R street and
more than 70 feet on Eleventh, on which
he proposes to begin at once the erection
of a conservatory, which it is his ambi
tion to make equal to any in the country
and the best between Chicago and San
Francisco. It is known that he has had
a design prepared in Chicago for the
building. It will not all be completed
this year, but at least $15,000 will be
expended before next September. Ulti
mately the whole property will be cov
ered. The structure will be four stories
in height. It will contain the usual
offices and practice and reception rooms,
with an auditorium seating about 700
people.
Professor Kimball was born in Colum
bus, O., in 1851, and hence he is just
fort) years of age. He is of New Eng
land descent and has sonns excellent
blobd In hisvciilMrIiVearry'shrjwedMilb
nmsical bent, beginning his studies at
the age of thirteen. His first teachers
were George W. Steel and Dr. F. B. Rice.
In the year 187 1 he went to Boston for
further study under J. C. I). Parker in
harmony and G. B. Whiting, the emin
ent organist. Returning to Oberlin in
1873, he was graduated from the Conser
vatory there with the highest honors.
For further preparation for hij life work
he at once sailed for Europe, coutinueiug
his studies at Leipsic. He was a private
pupil under Dr. Oscar Paul for nearly
two years, and received the special atten
tion and instruction of Carl Reinecke,
kapell-uteister and successor of Men
delssohn. Returning in 1875, he was
given the position of instructor at Ober
lin, where he remained until September
of the same year. Professor Kimball
has been for many years Director of the
Iowa Conservatory of Music, at Iowa
College, Griuuell.
TICK WUATIIKR 1IURKAU.
The Board determined to make
methodical and careful investigation in
meteorological lines and fixed part of
the United States Experiment Station.
They have extended a call to Professor
Sweezey of Doane to be meteorologist of
the station; granting ample means for
the investigations in this line.
The Board will undertake to revive the
State Weather and Crop Bureau and its
work at the University. To this will be
added investigations in soil absorption
and evaporation, in rainfall, in irriga
tion, and in all phases of meteorology
which promise economic results.
KNI.AROING THK TRAINING SCHOOI,.
Perhaps the next most important act
of the Board was appropriating the nec
essary funds for the enlargement of the
work in manual training. The present
shops will he extended forty-five feet to
the south, the wood working room will
be enlarged, and twenty-four forges will
be put in for irou working. The total
cost of these improvements will not be
far from $-1,000.
Provision was also made for bringing
an ample supply of water to the grounds
for the protection of the buildings
against fire. Although the state has long
refused to insure any of its-buildings,
and although legislature after legislature
has neglected or refused t appropriate
funds for this purpose, the Regents did
not feel that they would be faithful to
their trust if they allowed this matter
to go further without care.
Preparations were made for the con
tinuance of the experiments In the ex
termination of chinch bugs, under the
care of Professor Bruncr. The report of
last year showed that this experiment
had met with unusual success and had
proved very valuable to the farmem of
Nebraska.
OIIANOHS IN TItH l'ACUWV.
Among the changes In the Faculty are
the following: The salaries of Professor
Kdgrcu and Professor Owens were ad
vanced in recognition of their ability
and faithful ser.vlces. Instructors Conk
Hn, Wilson and Taylor were advanced to
the positions of Adjutant Professors,
Instructor Burnett was advanced to the
position of Head Instructor in German.
Mr. Roland P, Gray, now at the military
school at Sweet Springs, Mo., was elect
ed Instructor in English to succeed Mr.
Belden, who goes to Europe for a year's
work.
Superintendent George K. Chutburn,
now of Wymoro, was elected Instructor
in the Department of Mathematics. Mr,
T. Littleton Lyon will return from Eu
rope lit the fall, and take up his work
again in Agricultural Chemistry.
Otherwise than as noted the Instruc
tors of last year were re-elected. There
were some slight changes In the salary
of minor instructors and employes.
IN MItMOUY OI' MRS. MKNZHNDOUI'.
The Board spread upon its records the
following: "The Regeutsdesire to spread
upon their records their sense of the, loss
the University suffered in the death of
Mrs. E. D. C. Menzendorf, for nine
years a member of the Corps of Instruc
tors. Her loyalty to her work, her
devotion to her pupils, and the strength
of her influence throughout all circles
in the University, made her connection
with this institution creditable in the
highest degree and always memorable,
She was In all respects a model of the
faithful teacher, whose example will not
soon be forgotten."
Taken all hi all, the meeting of the
Board just closed is considered one of
the most important ever held upon the
campus.
ATHLETIC NOTES.
Lincoln Wins.
Baseball cranks both in and out of the
University were delighted last Thursday
by an exhibition game between the Uni
versity team and the Lincoln League ag
gregation. Quite a crowd assembled at
the M street park to see the initial game
oftheseuson. About half of them were
University students who either had or
hadn't skipped class. In team work our
boys did remarkably well considering
the amount of practice they have had.
The Lincoln boys were hardly up to the
standard of well drilled professionals.
The game was called to order by Umpire
Ralph Johnson, University at the bat.
Hopewell, Bills and Barnes went out in
one, two, three order and the Lincoln's
came in netting three runs in their half,
In the second University scored one,
Lincoln three. The University did not
score again until the sixth when Bene
dict scored on Barnes' two bagger; al
though they found the ball freely the
hits were short and scattering. In the,
sixth Raymond made a three bagger and
crossed the plate on a single by Bills.
In the ninth with Benedict and Packard
on bases,. Shaberg drove the sphere out
to the fence for three bags, which ended
the University scoring. The stick work
of the boys shows up well. There is a
lack of unity in the team playing that
can be overcome by practice. The fea
tures of the game were the long hits by
Barnes, Raymond, Shaberg and the Um
pire's foul tip. We will have good rea
son to be proud of our team before the
season is over, The boys all put up
good individual work. Score, Lincoln
18, U. ofN. 5.
Field Day.
At a recent meeting of the athletic as
sociation it was decided to hold the Lo
cal Field Day, May 5th, and the boxing
and wrestling matches the evening of
May i2th. The offer of the Kansas City
club was also accepted. This should be
an inducement for everyone to enter for
some event.
Remember the first man iu each event
and possibly the second man will ,go to
Kansas City to represent the University
in the Inter-State Field Day. The Kt
sos City club pays the expenses 'Of 'the
representative,
Now let everyone who has nny incli
nation toward athletics begin training
and try for this trip, There is no tell
ing who will win In any event. Do not
be afraid of an old student siwpjy be
cause he has a record, but go in to win
over him or at least to get second, pjjice
and the enjoyment of a trip to Kaunas
City.
The following is a lUt of events seju
In by the Kansas City club and It will
probably be adhered to iu our Local
Field Day:
One hundred yard dash, 140 yard dash,
880 yard race; 1 mile race.
Standing broad jump, standing high
jump, running broad jump, running high
jump.
One mile bicycle race.
Pole vault height.
Base ball throw.
Hitch and kick.
Putting i61b shot.
Throwing 16 lb. hammer.
Relay race, one mile, four men.
Boxing, four matches. Limits 118,
il)3, 156 lbs.
Wrcstllnir. three classes eneh In Green.
Roman and Catch-as-Catch Can.
J. P. Cameron,
Mgr. Field "Day.
A Postal in Paste.
They move about the halls and cam
pus with an air that seems to sky, "Be
hold, we are Brutus and Luther in otie.'"
They are like Opium smokers, cigarette
fiends, what you will, filled, cdnsuiried,
overpowered, by one great all-devouring
desire to write something.
As they are very far from being sub
lime geniuses, they criticize. It is so
easy to criticize you know, and it gives
such an air of superiority to condemn
what other people admire, and to pass
-judgment on-things youdon't'kndw any
thing about. As for the subject Of their
criticisms, that does not matter in the
least. The collars and cuffs of their fei
students, the amount of conversation a
girl should have with her boy friends,
the suppositional vanity of anyone "un
fortunate enough to attract their notice,
be he alumnus, or orator,- all pass in
turn before these prolific writers and ate
in turn condemned. For, be it kndWii,
whether from principle or lack of it, they
approve of nothing.
But the two subjects nearest and dear
est to these amiable scribblers are
personalities and the stage. For on
these they can not only write something,
but they can write something malicious
and at the same time show flfeir superi
ority. In the first place ttiey trail y6u a
fool; in the second they imply you are
one by giving opinions diametrically
opposed to those of yourself-and nine
teuths of the audience. And then how
calmly they proclaim the l!ruth k&A jus
tice of their criticisms, whichthcy 'prove
beyond all doubt by rambliug disserta
tions having, indeed, no bearing oft the
subject but serving admirably to fill 'out
the page.
How they do stmt about, to be -sure,
and how important they must think
themselves. In the same spirit in vyhich
Louis XIV said "moi le ro'i," arid th'e
Persian despots called themselves "fh'e
kings of kings," they olap each Other on
the back and cry, "Ha! We are the
divine censors of this truly great institu
tion." But let us not be too harsh with them.
"Whom the gods love die young."
Their massive inlellect9 are too, mighty
for frail tenements of mortal clay to
hold. They are not long for thy world,
and when their proud spirits, spurnibg
this more humble sphere, soar
above to their mansions in the sky,
should they denounce us to St. Peter, we
must go down with Bohuukus to-Doane.
A C((inj)Otfint Witness.
Judge Do you understand I'ho nik
turo of an oath? Do you know wh't
.will happen if you do not tell the
1 truth in this casoP
Witness To bo corting, boas, Our
aide will win. Judgo,
A Test'lu'i? IMirtidr,
The stewards of St. NlohohYs stioia'
ty, Now York, huvo utt anhtiHl Kfia$
ing dinner" prior to oaoli rdgMlat
'annual dlMtor, in Order tododldo Moll
tho caterer whom the society skfeti
patronize
