Omaha daily bee. (Omaha [Neb.]) 187?-1922, July 17, 1893, Page 4, Image 4

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TTTE OMAHA DAILY Bl & MONDAY , JULY 17 , 180'J. ' 1
THIS DAILY BEE.
K. KO3KWATKU , Kill ton
KVKKY MOUNINO.
TP.U.MS 01'
Tliifly HOP /without fiuiiby * Ouu Year. . J 8 00
X-nllr nnil fusidny , Otic Yi-ur . 10 00
Hxiiimtin . . . . . . . . . r , no
TbrrcMiinUn. . . . . . . . . . . 260
flumlav Hot , One Yonr. . . . . . . . . . . a 00
f.Miir < fny tlrp.Onn Year . 1 Ml
Weekly Ifeu.Uni ! Year . . - 100
01TIOEH.
OiiiBlm , Tim Jlrn llnllillnz.
fcnitli Omnhn , onrnor N and 20th Streets
( ( inncll lllnlT , IU IVrtrl .Strnnl.
Chlc.ico Ofllcc , 317 Clmmbur of ConimnrOo. .
NVw York , Itooins 13 , 14 nud ID , Trlbnno
XJulltllnc.
Washington , 513 I'onrlcrnth Street.
COIlUKSrOMlKNCK.
All rornimiiilciitlons rclatlii ! ; In news nnd
frtltnrlal manor should bo uildresHod : To tlio
Editor.
IU1SINKSS LKTTR1W.
AllbiiHliipsili'tlors nnil roiiilttanroi should
Ijc.iddrRwd to Tbo IH-o Publishing Oo jnpnny ,
Ohiuhn. Drufts , chcclH anil postolllcn onion
to be matin payable to the order of tbo com
pany.
I'nrtlrsloavlna tlinr.lly for the anmmor can
liavn tlio IlKK wnt tbulr uililltm by leaving nil
oidrr at ttita nfllca.
THE IJira PUBLISHING COMPANY.
SWOHIJ STATEMENT OK
Ftntn of NebniKkn , I
County of Uoujtln * . f , , , ,
Oco. It. T/wliiirU , swrctiry of THK Hr.r. publish *
Inir company iloni Holrnmly mri-ar Hint llio neluni
rlrciil.-iuoiuif TiiKtUn.v IIKK for tlio week cmllus
July Ifi , IHIISI , wan : m fulloxva :
fUimlny. July " . m.OTo
Monday , July Hi . sn.mo
Tucmlay.JnVv II . 23.81fi
W lni"Mlny. July 1'J . . . . . . 2\M : \
'ThurwI.iy.Jiily ) : ! . ' . ' 3,0111
S-'rWn.r.July U . 23.HH7
Balunlny.July 15 . 24i7U :
nr.oimr. II. Tzsruuric.
, < - SWOIIN to hi-fnrn mn nwl mibscrlbnl In
|
J SEAL ! my prenoncutlilH l.'illi ilav of .Inly. 189.1.
I v ' N. r. Fun. . Koinry 1'ubllc.
The Il.-n In niilnisi ) .
Tin : runrv anil SUNDAY llr.n Is on sate In
Chlcnpont the following plucoi !
Urn nd I'lirlnV hotel.
Auditorium hold.
Orent Northern ImtoL
( lore hotel.
T.pliind bntnl.
I'lli-a of TUB llr.t : can bo srnn ntthoNn-
liraiikn building multtin Administration build *
Jug , KxiMi-iHInn crotinds.
Circulation 'or .June , IHOJ ) , IM.BIO
No ON15 feels nlurincil nt the incrcas-
ing exports of .silver.
THK bill posters of llic country have
li.ot in national convention and agreed
upon uniform ratca. lltvs the trust { jot
Btuck In piuto ?
Tun ttamlly sunstroke has reappeared
Jn Chicago. The World's fair city man
ages to keep in the van in the introduc
tion of all the latest fads.
A KEW less murders and u decrease in
the rulllanly element of " "Omrfha would
afford the citi/ons considerably more
ponce of mind than they have been en
joying duriii" ; the past fmv days.
NOKTHKU.V lights have become- visible
In Chicago during the last few nights.
This is the only attraction there which
lias not been given ever to the concos-
elonairos unit for which no price of ad
mission is demanded.
ClIANCKLt.OU VON CAl'IUVI expects to
TJO made a prince in return "for his suc
cess with the army bill. The German
emperor has an advttntago in this way
of rewarding his supporters without cost
to himself or to the government.
IT that ;
J--t is reported i
tribtttiiifhujioly
no stock of. hay
tRlKVlS C'clnff rtiHheil ever to Europe to
relieve the distress caused by the scarc
ity of fodder. The Nebraska farmer IB
generally awake to his opportunities.
TllK hardest blow yet given Bank Ex-
nminor .T. A. Cline comes from his homo
paper , the Minden Gazelle. The Gazelle
assorts that Cline "is as competent to
examine banks as the editor of the
Omaha World JRrald Is to run a news
paper. "
THE World's fair intercollegiate base
ball tournament has ended. For a
money making schonio to which none of
the larger universities gave oflieial
countenance , the tournament has been
making a great deal moro noise than its
position in tlio college world would war
rant.
THE Hawaiian government is anx
iously awaiting an intimation of Presi
dent Cleveland's proposed policy toward
its demand for annexation. So are the
American people. , Some definite plan of
action ought to be outlined to congress
before it Khali have been many weeks in
session.
THE program promulratod by the
committee for the Grand Army reunion
at Grand Island tills summer is ono that
oilers many attractions for the veteran.
'Columbian your has called forth extra
efforts from those in charge of all the
great annual assemblies and the coming
Nebraska encampment promises to sur
pass these of previous years.
OFFICIALS in the Treasury depart
ment say that they are satisfied witli the
present financial outlook and look foi
continued improvement. Every sick
man will not consult a physician , but
that does not detract from the value ol
an export's advice. Intelligent business
men will derive no little enoouragomenf
from the confidence exhibited in the
Treasury department.
WAITKIIS unions in Brooklyn are com
plaining of being deprived of work a1
the Long Island miuimer resorts bj
needy college students who show nc
hesitancy in cutting rates. They feai
to strike lest the collegians take all th <
places. At present outlook , the onlj
way to bottle the trouble is either foi
the waiters to enter college or for th <
college men to join the union ,
As A result of the recent Nowburgl
wreck , which brougfit death to so manj
passengers , the coroner's jury has returned
turned a verdict holding the negllgen1
switchman responsible and censuring
the railway company for not omploylnj.
competent men in such positions. It i
so easy to censure a great corporation
but votes oi censure have not in the pas
proven to bo any very forcible inceutivi
to reform In railway methods and man
agomont. The switchman may in thi
instance bo deservedly blamed , bu
Borne means of tracing the rosponsiblllt ;
to the superior officers , whoso duty It 1
to protect the lives of the travelln ;
public , ought to bo devised. .
TI1K IMCllOVIfiU WIMOIf ,
The mlvlccft from Now York ( hiring
thoclusing days of Instwcok , reporting
an easier condition of the inonoy market
nmi a bolter fueling In financial circles ,
hnil a tfonurnUy reassuring oITcct. Kvl-
dunces of tlio good influence of the novrs
were to \ > o found hero , and the olToot
proilucod in this city was undoubtedly
duplicated in every business center of
the country. Bankers and merchants
felt that , while the situation was not
wholly cleared of troublesome condi
tions , yet the favorable turn was full of
promise- and that there was substantial
ground for the belief that the worst had'
been passed and that there would bo
steady progress toward a complete re
covery of confidence.
The conditions which have contributed
to this are the return flow of currency
from the west to New York , the suspen
sion of demands for clearing house cer
tificates , and the purpose of some of the
banks Ui return a part of the certificates
which they have taken out , the de
creased demand in Now York for re
discounts , the .indications that many
business men find their own capital suf
ficient just now to carry on
their business , and the reports of
the railways , which almost para
doxically show that during the
time of the greatest business distress
wo have known for years the railway
earnings have boon proportionately the
greatest. All those things go to show
that the trouble is largely upon the sur
face , that there is no organic disease ,
and that the road to a restoration of
financial and business -health will bo
found to have fewer and less serious ob
stacles than has been apprehended.
There is still a good deal of currency
hoarding , both by banks and individ
uals. Doubtless most of the national
banks of the country have a larger
amount of currency on hand than they
require , while a great many people who
withdrew their money from sav
ings institutions have not returned
It. A great many millions of dollars
lars are in this way with
held from circulation , which , as confi
dence returns , will bo restored to active
use and will greatly aid in promoting
recovery. There was some reason to
apprehend that the intemperate- utter
ances of the fruo silver men might have
the olToot to retard1 the return of confi
dence , but it now seems that little heed
will bo given them , either in this coun
try or abroad , the possible danger from
them being averted by the fact that they
do not represent the more intelligent
and conservative sentiment of the people
of the silver states. There are ex
tremists on both sides of the financial
question and the work of judicious states
manship will bo to find the snfo
middle ground a task certainly not with
out ditllcuHios , but ono which ought to
bo possible of accomplishment without
creating any now disturbances.
With the silver question wisely dis
posed of there is nothing to cause anxiety
regarding the future. The prospect is
favorable for a largo European demand
for our broadstufTVj and meat products ,
from which there is good reason to believe -
lievo wo shall bo able to liquidate- the
trade balance - , 7eTn"1
* ? " . .
ajttllWlr-V Ai
nt. . . > b us during the past year and per
haps get back a considerable part of the
gold that has boon sent abroad. If this ,
shall be realized it will bring greater
prosperity to the agricultural interest
and when that interest prospers all
others do well. Congress will meet
three weeks from today and if it act
promptly and wisely in dealing with the
financial question the period of depres
sion and distrust should be at an end
within the next sixty days.
noum.is COUNTY'S FIXANORS.
The statement given to the public on
Saturday by County Clerk Sackett is
the first comprehensive account of a
year's financial transactions of Douglas
county that has over boon compiled.
"While some omitted facts might bo de
sirable , it is on the whole a clear and
concise exposition of the county balance
sheet. The chief thing to bo regretted
is that similar reports have not made
their appearance years ago. As it is ,
wo have no previous statements with
which to compare this ono and it is
nearly impossible to learn whether there
has been an improvement or a retrogres
sion in the administration of the county
affairs. Hog-ulur annual reports will in
the future remedy this delect.
The total assets on July 1,1892 , , are cal
culated ivt$4-15M3.l. ! ) This figure is not
significant , however , except as the
highest limit which the county income
might have reached. It includes items
which can not bo roali/.od upon , and so
is'in a certain degree fictitious. Like
wise with the sum of $1)2,521.18 ) , given
as the not unexpended balance at the
close of the fiscal year July 1 , 18U3 , It
does not represent cash in the treasury ,
but rather the cash which would bo in
the treasury were all the assets on the
books reduced to money without loss.
On the side of the county's Income ,
then , the actual revenue Is not shown
by the county clerk ; It will probably
appear with the report of the county
treasurer. But on the side of the
year's expenditures a nioro axaat
knowledge may bo gleaned. If wo
have the total assets at the begin
ning and at the close of the fiscal year ,
the remainder secured by subtracting the
.one from the other will gtvo the sum by
which these assets have boon dimin
ished during the year. That remainder
is $ : J.)2,010.70. , Hero again wo do not
have actual disbursements. Besides
expenditures for county purposes , thit
sum includes the cancellation of taxes ,
the return of money deposited for special
purposes , and most probably numerous
other Hems.
The great element of confusion in the
records of the county's finances is the so-
called 15 ] ) cr cent reserve. Tim board
of commissioners is allowed by law t (
draw warrants up to 8S per cent of tin
levy , whether collected or not. If inori
than that ratio eventually oomos int <
the treasury the board may draw agaius
that , hut in either case the dofloionej
liotwcon the levy and the collection :
remains as an asset upon the clork'i
books. Wo are told that at tin
tax sale last November the dolinqucn
taxes of all levies previous to 1801 Won
collected by means of the ealo of tin
property ou which they .wore Imposed
This has probably brought the vovonuo
to a figure nearer that shown on the
clerk's baoks. The great drawback lies
in this , that the money was not col
lected from the jwrsons taxed but from
money lenders who bought tip the tax
titles. The 15 per cent reserve is a use
less piece of machinery. Kaoh year's
levy should bo entirely covered into the
treasury in that year either by collec
tion or by sale proceedings and the ac
counts of that year closed up. Some
method Ct ifTcctlng this end ought to bo
devised by our local financiers. What
the county clerk so much desires ,
namely , the avoidance of overdrafts anil
unpaid warrants , might then bo reason
ably assured.
UTATISTICtS THAT KAI'liY. / .
An advance statement just published
by the bureau of statistics of the
Treasury dopartmontshowing quantities
and values of brcadstuffs exported from
the principal customs districts during
the lost two fiscal years , supplies a satis
factory explanation , taken in connection
with the heavy imports of the largo
shipments of gold made to Europe the
past six months.
It appears from this statement that
during the year ending Juno ! tO , 189'J ,
there was n decrease in the values of
breadstuff * exported , compared with
the preceding year , of a round
ono hundred millions. There
was not only a largo falling
oil in the shipment of corn and wheat
last year , but the prices obtained for
these commodities were considerably be
low the prices realized in 18)2. ( ) The av
erage price received for wheat last year
was loss tli an 72 cents per bushel , while
the average received during the year
18)2 ! ) was $1.02 per bushel. Wo exported
last year 10,209,733 barrels of wheat flour
against MJGO SO during the preceding
year , yet the money return last year was
very little in excess of that of 1892 , the
average price for 1893 being $4.53 per
barrel against an average of $4.90 for
the shipments made during the preced
ing year. The export of corn fell from
73,770,002 bushels in 1892 to 38,742,898 ,
bushels in 1893 , a decrease of nearly
50 per cent , notwithstanding the extra
ordinary efforts that wore mailo to cre
ate a larger Kuroncan market for this
cereal. The average price received for
last year's shipment of com was less
than 52 cents per bushel , whtlo the
average for 1S92 was over 53 cents per
bushel. The valtio of the exports of
grain , flour and meal was for JS92 $288-
925,000 and for 1893 $1SSDS1)2. , ! ) ! ) This
great falling off , together with largely
increased imports , nmdo the balance of
trade against this country very largo
and furnished the chief cause for the
export of gold , another , though a minor
cause , being the return of American
securities.
The outlook is for a reversal of
these conditions. The indications are
that nearly all crops will be short in
most of the countries of Europe and
that whatever surplus of breadstuff's the
United States may have will find a ready ,
market. It is not unrcijovvc Vo""to" ox"-
IwctJJmUni- - ' Brain and lloul.
iTTr the ensuing year will reach the value
of the shipments of 1892 , and it is quite
possible that they may exceed it. The
almost complete failure of the fodder
supply in Europe is an interesting factor
in the situation. It has necessitated an
unusual slaughter of animals and the
result can hardly fall to bo a great scar
city of home-grown meats in all European
countries , compelling large importations ,
of which the United States will of course
supplyby * far the larger part. Our ex
ports of moats to Europe during the
next year must certainly bo materially
increased.
There appears to bo but ono thing that
may prevent a reversal of the trade bal
ance , so necessary to stop the outflow of
gold , and that Is such a revision of the
tariff as would lead to a largo increase
of imports. If the tariff should bo
changed to conform to the demands of
the democratic national platform this
country might remain adobtor to Europe
indefinitely. It is hardly probable , however -
over , that this will bo done.
V/KH'.S' or KX-DlllKCTOIl I.KKCJJ.
Ex-Director of the United States Mint
Eiiward O. Leech has very positive
views respecting the disastrous policy of
attempting to maintain a silver cur
rency in this country while the nations
of Europe hold to the single gold stand
ard , lie expresses them unreservedly
in an interesting and exhaustive article
in the North Awrican Itevieio for July.
They are especially valuable , not only
on account of the writer's familiar
knowledge of the matter ho discusses ,
but as well for the historical references
and statistics with which ho fortifies his
position. Ho not only denounces the
present silver law as a bad ono , but ho
condemns the law of 1878 , which romono-
. tized silver.
Starting out with the unqualified as
sertion that "from the formation of the
government our coinage legislation has
been out of touch with the test of the
world , " ho declares that the first coinage -
ago act of 1793 , authorizing the unre
stricted mlntago of gold and silver , pro
vided a ratio not in accordance with the
two metals. The proportion of ono to
fifteen gave an undervaluation to gold
which prevented it from circulating and
caused it to bo exported. The act of
1834 , supplemented with that of 1837 ,
making the ratio ono to sixteen , reversed
the blunder , giving an undervaluation
to silver , and thus in turn causing it to
bo sent abroad. When ho says , how-
ovur. that as a consequence , "from 1834
to 1878 gold constituted our only metallic
currency" there are a good many people
yet living who know that ho is mistaken ,
Mr. Leech approves the law of 1873 ,
abolishing the silver dollar , "a prac
tically obsolete coin , " and making gold
the solo standard of value. Hud not the
demonetization of the silver dollar taken
piuce In 1873 , ho declares it must have
necessarily taken place a few years later
or else the country would have resumed
specie payments in 1879 on a silver basis.
Ho rightly terms the silver legislation
since 1878 u borios of compromises with
the advocates of free silver coinage , and
ho might have added that they have
proved as unwise and unsatisfactory as
compromises over have proven. The
ex-director leaves himself open to the
criticism of nut being an impartial ad
vooato when Denounces the net of
May 31 , 1878 , which provided that no
more legal tomW-uotoa should bo re
tired , a "baneful act. "
Reviewing thS provisions and opera
tions of the nordt 1878 , by which the
coinage of tho-silver dollar with full
debt paying powgn was restored , ho says :
' 'Since I'Vjbnuu-y 1 , 1878when wo had
no silver currency , up to July 1,18)0 ! ) , a
period of twelve'years , there had been
Injected Into the"'circulation of this
country by maniYai'ory force of law some
: i34,000,000 of silver dollars and their
paper representatives. " The actual
purchdso of silver under this act aggregated -
gated 2 J,21)2,010 ) ounces , coating & 1U3- ,
190,202 , from which there were coined
and issued , either In actual dollars or
paper certificates , 378,100,795 silver del
lars. Under the compromise law of
July 14 , 1890 , there were purchased
up to Juno 1 , 1893 , 152,413,702
ounces of silver , at a cost of
$143,591,509. , So that the total
purchase-of .silver bullion since February
28 , 1878 , to Juno 1 , 1893 , aggregates 443.-
705 , 811 ounces , equivalent to 15,212 tons ,
costing 8151,790,831. The total coinage
of silver dollars within the same period
has been $419,332,305 , , leaving in the
treasury uncoined 123,911,185 , , ounces of
line silver , eostine $114,299,757 , which
could bo bought today for $102,810,281. ,
This is the surprising record of silver
legislation and operations thoroundor
during the past fifteen years. In the
meantime gold has boon leaving our
shores in alarming quantities with
steady persistency. Since May , 1888 , to
Juno , 1893 , the total sum of these ship
ments was $328,247,884. , During the
same period the imports of gold amounted
to 5114,083,085 , a not loss to the United
States of $213,504,849. ,
Mr. Leech severely criticises the ab
surd policy of thus forcing silver cur
rency into the channels of trade and
piling up silver bars in the treasury.
And this at a time , too , when the mints
of all Europe were closed to the coinage
of silver money , and when these conn
trios were making the most strenuous
efforts to place themselves on the gold
standard. "If wo had not entered upon
this silver purchase scheme , " he says ,
"the bulk of the silver purchased by our
treasury would have been shipped
abroad and paid for in gold. " \ot ho
believes the present linancial crisis
might have-been prevented by the presi
dent and secretary of the treasury in
selling bonds , which ho regards them
fully authorized to do by the act of July
14 , 1890 , declaring it to bo "the estab
lished policy of the United States
to maintain the two metals on
a parity. " That , declaration , ho
says , "was intended as an assurance
to all people that our currency would bo
maintained on a gold basis , and that if
at any time there was danger that the
two dollars would bo of unequal value ,
it would bo the duty of the secretary to
prevent it with the lawful means at las.
disposal. " Such jjjuiqiutyy claims ,
' wouldJjnTTk'tored confidence , not
O.1 ! ? by securing the means to readily
naintain gold payments , but as a sub
stantial declaration to the world that
the matchless credit of this great gov
ernment would bo used for that purpose
whenever necessary. " The remedy for
the catastrophe that has overtaken us
"naturally suggests itself the absolute
repeal of the present silver law. "
A MONTH has elapsed since the Ford
theater horror in Washington and the
appalling calamity has almost boon lost
sight of in the distressing cold stoi ago
liolocaust at Chicago. Yet the grand
jury has not boon able to detoimino
who or how many were to blame for all
this lamentable loss of life. And still
old buildings pronounced unsafe are oc
cupied by the government , not cnly in
Washington but in other cities. When
congress assembles one of the first
things to whteh that body should address -
dross itself is to some measure for the
protection of federal oniploj es from ex
posure in rookeries and fire traps.
Too Alunh < ; huilfu.
Chicago Inter Ocean.
The indications corao from every quarter
that people who "wantod a change" have
not more than they nskod for.
1'lttllM-i SjIXHAIIl.
I'lltlaMplibl T OW'
Some of the disgruntled faithful complain
that If Cleveland hud the rheumatism ho
didn't got it kicking tbo rascals out.
Tint r.rip i.ooiteuluc.
Wailitnutim Xcu'i.
It is imcouraglng to note that the abnormal
deslro to lock up funds la wearing itself out.
These who persist In it are having the pleasure -
uro of seeing others make the inonoy which
they themselves might otherwise make.
A Soeilltji
UMi > Ktnte Journal.
Secretary Morton has declared wnr on the
practice of congressmen distributing garden
Beads to their confiding constituent * . If the
Nebraska statesman can wiuo out that prac
tice he will deserve a pllo higher than the
Washington monument us u recognition of
his prowess.
Bulutiiutiat Symp-ithy.
Kew Yuri I'rett.
The heroism and sad fate of the Chlcngc
firemen who lost their lives in the burnlnp
of the coal storage building at the fair should
receive substantial recognition as well as
sympathy. It is ploasilht to learn that tlu
contributions for their bereaved families
promise to bo as largo > iis they are prompt
-
Just u Word o ( Wnrnlng ,
llnstlnu * fribune ,
This is uo year for republican newspapers
to howl against thoso' who have not always
sanctioned ovorythliig Jono unit said by the
loaders of the party. ' Tlio thing to Jo is tc
unite , nominate good men , omlorso only excellent
collont measures , giV < v all factions a fall
chance and got back nSmany us possible o
those who have - goneaway ' after straugi
' ! '
gods.
Unju t anil I'ernl'oluin Aueumonti.
Stuart'IM er ,
The present system of ilxing the value o
property in assessments is unjust and pur
nicious. Tuxshlrkers "huvo too much rep <
under the prevent system , It i * a mutter o
too much Importance to bo left to the cap
rice , poor Judgment and prejudice of an a
.scssor , and the same U also true of oqualUa
tion boards. The assessment In this count ;
( this township not oxcontod ) is uothin
abort of a tissue of unfairness and Jflao
curacy ,
Tlta Silver Shrlvkori.
Ktw Ynrli MW.
Corao one , come all I Ho that dallies is
dastard , and he that doubts is damned
Kansas expects overv man to do his duty
The raven and the kite shall pray upon th
caitiff hordes of the plutocrats.
Wo grieve to say that James Buccnluilu
nrlford , compared with the sot-rotary c
state of Kansas , is as a penny whlatlu to th
ba a of Niagara. Some frivolous person
huvo started the story that the secretary i
a lunatic. Why , for n populist ho sooin
aauo , and Just impassioned enough.
n.iii.nu.tim , i.v/i HATM.
Norfolk Journnl ! Hallrond men who have
boon voting for candidate * who favored the
Interests of tholr employers nrn now gntttni-
tbclr thanks by being "laid oft" IndoltnUely
In onlcr that the railroads may spite the
people by crippling tholr passenger snrvico.
Governor Urouso should rail a special session
of tbo Icfflslaturo loretluco passenger fares
to a freight train basis on lines thnt nro
making that stup necessary , lie has the
"sand" to do It.
Ixulgol'olo Kxpress : Within n few day *
now wo will know whether the railroads or
the Nebraska legislature runs Ihnstato. The
maximum rate bill Is supposed to take effect
very soon , but local agotits say they have re
ceived no advices in rcennl to It from their
companies. As the penalty for fnlluro to
comply with the law Is ftlOXk ) for the Hrst
offense aurt $50,000 for the second , most man
agers will hesitate before doing anything
rash , Wo are Inclined to believe the law
will bo compiled with and its weak points so
vigorously enforced that people will soon
tire of it and w.mt U ropoalod.
Albion News : Tlio Now * bollovos that the
retaliatory spirit said to prevail among the
railroads on account of the Ncwborry law is
exaggerated. It would surely bo very i > oor
Judgment on their part to Increase the en
mity that already exists among the people
against them. If the rates established are
ruinous let thorn demonstrate the fact , ami
wo bcllovo the fairness of the people will
rt'otlfy all mistakes. The American people
are considerably mulish. They can bo
coaxed and reasoned with lo much bettor
advantage than they can bo driven by brute
force.
Schuylcr Herald : No law ever passed In
this state has been put to as severe a test as
awaits the now freight rate bill which goes
Into olToct ou the first of next mouth. Uvcr
since Nebraska was admitted Into the sisterhood -
hood of states , her laws have boon shaped
to please the railroad corporations , but at
last a law distasteful to them has been
passed , and they projwso to do all in their
power to make the law obnoxious to tbo people
plo In the hope that they can secure its re
peal when the next legislature moots. They
are discharging a largo number of tholr em
ployes , and have taken tholr passenger trains
oft of their branch lines. They will do
everything In their power to deceive the pco-
plo , but wo hardly think they will succeed.
If they carry their fight too far it may have
the olToct of arousing public sentiment
against them , and a more stringent law may
bo passed two years hence.
JVSTWK A LA MOSllllll.
Neligh Advocate : Such is justice in the
ninctconth century.
Crete Videtto : Flvoyears ! Why not lib
erate him and give him a crown.
Geneva Journal : What n mockery of Justice
to sot buforo the rising generation of this
country.
Blair Pilot : His case Is ono of the baldest
parodies on Justice that Nebraska has ever
witnessed.
Cedar Rapids Commercial : It seems to us
that the sentence is too light when the enor
mity of the rascality Is considered.
Superior Journal : Had he stolen a horse
ho would have been sent up for ten years.
Such .1 sentence is a travesty on justice.
Webster County Argus : Unless there is
some muasuro of restitution for the de
frauded depositors contemplated , several
cogs have slipped in the wheels of justice.
Central City Nonpareil : Ono hundred and
ninety thousand dollars for three years and
eight months is pretty good pay , oven though
confined within prison walls.
Chulron ; Citizen : Wealth and position
should not keep a man out of the peniten
tiary no moro should it lot him off with a
five-year sentence when his rascality makes
him deserving of twenty-live.
York Democrat : The sentence of C. W.
Mosher to five years in the penitentiary is
without doubt ono of the greatest travesties
on justice that has been perpijlKvtQd ill U''i '
pxt. 0AW eOttntTyloTyears.
Norfolk Journal : If there is any "object
lesson" about this sentence , It is UaDio to
educate the pconlo up to lynching a few
thieving bank presidents rather than look to
the courts to administer adequate punish
ment.
Beatrice Democrat : This should convoy
a moral to young men. If you steal , steal
big. Steal a million. Go on record as a
Krcat thiof. if you wish to gain the sympathy
' and consideration of the public and the
courts.
Custor County Beacon : If there is a
single feature in Mosher's way of stealing
that is more commendable than the methods
of the Younger boys , who are serving a life
sentence in the Minnesota penitentiary ,
won't somebody bo kind enough to mention
it ?
Genoa Loader : Thus agiin is a premium
sot upon rascality. Had it been some poor
devil who stole a loaf of bread to keep his
family from starving he would have been
given the full penalty of the law. It doesn't '
pay lo be a rascal unless you can bo a big
ono.
ono.Nebraska
Nebraska City News : This is another
case where the bigger the rascal the lighter
the punishment. Another poor dovll at .Lin
coln who stole only $50 was sentenced for six
years , while this man who stole Hundreds of
thousands of dollars only gets a paltry live
y cat's.
Ashland Gazette : Dividing the amount
ho has stolen by the length of sentence it
will appear that the little business enter
prise for which Mr. Mosher is fulfilling an
engagement in temporary confinement , has
yielded him an annual income equal , if not
exceeding , the salary of the president of the
Uniteu States.
Columbus Telegram : Mosher Is said to
crave a job as bookkeeper for the warden.
No doubt with his well established reputa
tion ns nn expert in this branch ho would bo
a valuable man in the hands of such oflicials
as Nebraska has had iu times not too re
mote to bo remctnbcrod. If granted his
choice of jobs ho would also go further and
ask the privilege of recording his own war
rant of commitment and make it ilvo months
instead of live years.
2'urdaiiit' ' reuontan.
Swo things are necessary to revive credit ,
to remove distrust and to restore confidence
throughout the country. The first is to
make it clear that the gold standard Is to bo
maintained ; the second , that there is to belittle
little tinkering with the tariff in the direc
tion Indicated by the democratic platform
last year.
Colorado All
Colorado will continue to grow and pros
per whether wo cet free silver or not , but of
course her growth and prosperity will bo
greater still if silver is ( riven the place it is
entitled to. Our health-giving cllmatu alone
would make Colorado a great and populous
state. The eastern gold bu-js cannot demonetize -
monetize our climate nor stop tlio coming of
thousands of health-searchers. We have the
finest fruits , flowers , vegetables , bouf , coal ,
etc. , in the world and , what is moro , wo
have the gold , loo. Colorado Is all right ,
silver or no silver ,
Aluxwoll , till ) Homed and thu ronplu ,
JtWr I'illit.
If It bo ti-uo as stated that the republican
party bosses In Nebraska are intent on
downing Judge Maxwell , that fact alone Is
the l st argument in bis favor and ono that
should prompt the mudsills of tlio party to
make his calling and election sum. The
character and associations of the combina
tion said to bo fornlnst him should set thu
people pretty hard in his favor and it evi
dently docs. The rank ami fllu of the party
will best stop thu leaks in the old ship by
ascending the platform , kicking the bosses
down stairs nnil nominating a man who has
nerve enough not to bo owned by anybody ,
And If nominated Maxwell will bo elected ,
but this is uotlikoly to bo truoof a candidate
chosen by the ring method.
The Shcriimn I.HW llunpuiKlble.
lliirtfitnl Tl.nu ,
Why this lack of confidence , which loads
bankers to reduce their accommodations ,
and thu merchants to refuse ordinary credits I
Why is it claimed that tno silver act
is responsible for this want of conlidencul
Simply for the reason that foreign Investors
in American securities found that they had
purchased bonds payable incoin ' , " and thu
United States government had thousands ol
tons of silver iu Its vaults and was buying
fort-ninu tons a month as directed by the
silver law , and that the bonds would bo paid
Iu silver coin. Their "conlldonco" in the
bonds was weakened , ami they scut the
bonds back to this country and sold them al
thu stock boards , depositing the avails In
the banks , and soon after checking and de
manding gold , which they soul to tturopo.
DEBT OF THE PACIFIC ROADS
Jndgo Melville Brown Won.d Have the Gov
ernment Onncol Its Olrxiui ,
HOW TO WIPE OUT THE DEBT
lie Argu * * Hint CnnncUntlon Won hi Jt -
iluon tlin Hi-ton of Irnnnimrtutlon Hml
Unit the ( -rnment ,
1'lx Miixlmom Unto * .
Jmlin Molvlllo C. llrown has wrlttnn a
letter to thu Uirnmlo Hopubllcnn ou the
subject of the mortgage Uobt of the 1'ftclllc
railroads , llosnys :
The inortKJXkto debt of the Pacific railroads
inn lures within the next three ycnrs. The
condition of the Union and other 1'nclilo
roads , their ilobt to the { -cncrni government
atul the manner of ilcinllii- ( therewith present
questions of the highest importance lo thu
people of the trans m Issouri country.
Mr. Itoscwntcr of Tun O.M.vtu Hen , In nn
article published In the Now York Sunday
liarald some two months since , suggests
"thnt conprMs lot tlio road io to foruclosuro
under the first luortKiisjo , ami lake the
zhniiccs of recovering tbo money advanced
by tlio government. " This Is n somewhat
rail teal solution of the iiucstion , but is
worthy of consideration.
U U bollovoil that the error in Mr. lloso-
water's suggestion oxlsts in thu idea con *
voyed that by such a course the vonoral
povcrmnont may secure tbo repayment of
some portion of Its dobt. No such hope should
bo entertained. Investigation will urobably
disclose the fact that a new road can bo con-
struutoct and equipped , In a manner in all
respects equal to llio high standard of the
Union Pacific , for a sum somnwiiat less than
tbo first mortgage debt of that road. If this
Is true , It would scoiu futile to cherish the
hope that any sum whatsoever could bo
saved lo the government on foreclosure pro
ceedings by the first uiortgagcos.
DrcMvu Action .Mint lo Hail .Soon.
The Hrst mortgage debt of the Union Pa *
cillc is said to bo 533,000,000 and if this
matures in less than three years , it is evident
that congress must take decisive action
within that period. The tinkering moth-
oOs of past congresses , and the failure to
reach results , clearly itulicatos that the
financial problem involved is dlnicult of so
lution. The simple fact Is. It has no solution ,
on tbo theory of saving anything to the irov-
ornmcnt. The government must lese its In
vestment. It must let go Its hold upon the
road , and donnto Us claim of Indebtedness
as a Tree plft. This should bo done la the
interest of the people.
If the government could save a portion of
Its claim asralnst the road by means of a first
mortgage foreclosure , it should not bo done.
Every dollar ot added , burden placed upon
this road is an added burden upon thn people
inhabiting the country through which the
road runs. It must bo plain to every person ,
that Increased burdens upon the carrier
: ncaus increased rates of transportation.
The poonlo settled along the line of the road
are its patrons , ami must pay these high
rates. The debt of the government or any
; ) ortion thereof , if paid , must in the end
coiuo out of the hardy settlers of this trans-
Missouri country. If the trovoruineut exacts
.Is pound of flesh from the road , it is exact-
nif it from us.
KoHiilt oT Kxtrariicmit Kotlona.
It is believed that the claim of the govorn-
ncut against the road on the second mort-
; ago bonds is the result of extravagance. In
; ho early days , when the Idea of construct
ing a railroad across the Great American
tesert was. first suggested to itho minds of
men , to t'uo conservative , It was u Muncliau-
sen scheme of st jpcudous proportions. The
estimated cost of construction made by the
early explorers was cxtravai/aut in proportion
tion to what seemed to them the gigantic
character of tbo enterprise. Ilcnco the
liberal provision by the general government
for its construction.
The mortgage bonds guaranteed by the
government are believed to have produced a
sum of inonoy nearly , if not quite , equal to
the actual cost of the construction and equip
ment of tlio Union and Central Pacific- roads ;
that the construction companies under
various names made as a clear profit from
the construction of the road a sum
nearly , if not quite , equal to the
first mortgage indebtedness. Wo all know
that immense fortunes wcro made by
these construction companies and some of
us have not forgotten the disgraceful con
gressional scenes growing out of pretended
investigations. Tbo great fortunes amassed
by the constructors of these roads is not re
ferred to to show fraud ou the part of anyone ,
hut to indicate simply the liberal and ox-
travagaut provision umdo by congress for
construction purposes. However honest and
patriotic our congress in making such liberal
provision , subsequent experience shows it to
have been a mistake atul that the present
claim of the government is the result of this
error anil that the extravagant provision
made by the government for these roads was
entirely unnecessary.
This error of extravagance , if Iti bo nn
error , was the fault of the American people
as a whole , and It the error results In loss it
should bo borne by tbo people of the nation
as a whole. Clearly tlio loss should not bo
mulched from the people of the trans-
mlssouri country In the form of extravagant
rates of transportation In order that the
roads may pay all or any portion of the gov
ernment claim. Wo uro in no BCIISO re
sponsible for these mistakes of legislation
nud thnrcfbro ihotild not bo tnndo the scupa *
neat of others' error * .
U'nnltl Jtc > ll r tlip People.
The construction of this ronJ was Inreftly
a war moasuro. The road was conceived
hoforo , but Its construction grow out of Ihu
war. I et congress aild thrso millions to
the others constituting the war debt , and ,
i-ollovn the struggling people of the now
west of this enormous burden , The theory
of con gross wlirn providing for ] * acil'u roudi
was to benefit the country through which
the road should pass , lot that theory bo now
carried into olToct by the government donat
ing Its claim against these corporations nnc
thus rellovo the settlois of this country.
Congress sbou'd take hold of thlsnucs
tlon In earnest and settle It nt the earllesl
possible day by donating the r-evernmonl
claim cf indebtedness to the roads anil nl
the 81IDO thno fix such maximum rates ol
transportation as will rcliovo the people of
the dangur of nxtortiouato churpos ,
do nwny with thlnvlngildo companlei
coal combines and the llko and make
these roads legltimnto common cnr-
rlcrs that shall servo the people nnil
leave no uhnnro for directors or othors'lu au
thority to indulge in oldo schemes under the
pretense of bcnollting the road , but In fnot
only to swell the proix > rtlon-i of alre.vly ple
thoric pockatbookn by robbing the people ,
Do away with government directors and
save these Inrco salaries to the treasury
thnt now bring no cooil except to llio follows
who rerolvo them. f
Iot Brother Itosownter , with his powerful
paper and great influence , go to work on this
line , anil lot all ether papers In llio trans-
mlssouri country desiring the highest good
to the people Join with him la this bohalf.
and results may bo accomplished that will
bring a higher degree of prosperity to the
people than efforts Iu tiny ether direction.
If congress can bo nmdo to see that the
mortgage debt of this railroad coiujiany Is a
mortgage upon the energy anil enterprise of
our people , it may bo pursuadcd to forgive
tliti debt of the railroad company anil
thereby rollovo us. Surely this is a doslra
bio result.
iv cuusrs.
Klmlra Onrotto : Thu simry rnrly morning
fly may Insult us with Impunity now , but \vo
expect to tiiko him ilownwhen thuhucltloburry
plo season opens.
Indianapolis Journal : Summer Hoarder
I saw rviK\Uo stm-n fi-ot IOIIR as I ennui across
the Hold this ufti'riioon. I thought you told
inn you never had any siiakei. ,
Undo Ezrn Wai , 1 ilon't. I boon n mi-mbcr
of tlio temp'ranco loilgo for ulgb twenty
years.
Itorhester Democrat ! "Isn't It Mrnnca , "
Milii llttlo Tommy to Ills mother , "that a baby'.i
1st .nil should coino Itlii"
Washington Slur : Sumo day wo'll bo n
lumi'Mt that It will come to pass tlmt niunvlll
peilillo berries in boxes Hindu of glass.
HiUTalorourlor : An eliwn tor boy's contra rl >
ness can't lust very long. Tln > ro are too many
people to call him down If bu Ueepi It up.
Iloston Transcrlnt : Ml s Prim Is of tlio
opinion that no lady who bail any claim 10
modi-sty would regard undressed food as a
delicacy.
St. I.ouls Republic : "Thoro N Jiriilotr , llio
famous author of the play , 'A Tun-rout I'uuii
Ticket. Why , I lliniiKlil Miun-lns was tbu
iiutbornf that. "Iliiaveim , mil .Muggins only
wrote thuvonls. . JohloU Is the stage curpen-
tur. '
fhlcngo Hcconl : "Do you call this n nleco
of watermelon ? " said the Indicimnt rustoimir
sarcastically to thu wultur , pointing to a viiry
.small Hint ) of red on his plate. " ( Vrtalnly ,
you wouldn't have mo enll It a whole wator-
molon. would you , sir } " said tbonltor
blandly.
Kansas City Journal : The nmflablllly of
gold Is rouruat that a sheut of foil , Itlssuld ,
0:111 : bu iH'ateri HS thin as the slice of hum In n
World's fair .sandwich ,
TOOK HIM AT HIS WORD.
"A tool and Ills money am parted stxjn , "
Was the nilnUtor'H ROI-IIIOII tuxt ,
And ho preached foi-un hoiirtbalhol forenoon ,
And lli'i-o ! caiiio u collection next ,
Hut. : ilii I So tt-lllng bis words. had been ,
So forcibly they were nmnnt ,
Ti.ut the conzrcsatlon ixrow qulto mean ,
And nobody gavu a cent.
iiount
Hll Kiigf.iic Ficlti.
| 7 ? i < l liu the nntlior nt tin : / . .ttfrarjCun.rcsa ,
in Clitcau < > , ClitMicn'.i J ) < iii.\ \
On afternoons , when bahyboy has had a splen
did nap
Ami hits , like uny monarch on his throne , In
nurse's hip ,
In soim ; such wlso my haiulKcrchlof 1 hold be
fore my fiioo ,
And cautiously ami qulutly I move about the
plneo ;
Thou , with a crv , I suddenly uxposo my face
to view.
And you Miould hear him laugh and crow when
1 say "llooh ! "
Somotlnics-tliat rascal tries to make hullevo
that ho Is scared ;
And , really , when I first , began , ho stared and
Btured and stared ;
And then his under Up canto out ami further
out It camu.
Till jjmmma and ( bo nursi agreed It was a
"cruel s httinu"
ISut now what does that siuno wee toddling ,
Il.splux baby do ,
Hut liiiiKh and kick his little liuols wliun I Kay
"llooh I"
Ho laughs and kicks hlh llttlo heels In raptur
ous Kleo , anil then
In shrill , despotic tieblo bids mo "llolt nil
Hilr-n ; "
And I < > r course I do It ; for , as Ills nroKcnUor ,
It Is such pretty , pleasant play us that 1 am
furl
And It Is , oh , such fun ! and I am sure that 1
shall ruu
Tbo time when we am both too old to play tbo
Kiimo of "booh ! "
CO.
Largest Manufacturers anil Uotallors
olOlothlug Intliu World. T
Chopping Down-
We're knocking1 out the suits now. Just read
on and we'll save you money.
$20 Summer Suits $13.50 ,
All styles , colors and grades.
Some other suits marked down
as low as $5.00.
$3.50 Boys' Wash Suits $2.00.
We're getting1 out all boys'
summer goods with a rush.
Those $2.50 boys' suits go now
for $1.50.
$1.50.Men's
Men's and Boys' Straw Hats Half Price.
And summer coats and vests the prices are
' to them.
so low we're afraid print
All the ladies' waists we have left goat 50c and
$1.00. You will find they are bargains.
BROWNING , KING & CO. ,
Etore open HaturduytlUia every ovenlns tlll8.'JO. | S , W , Cor , 16ft and Douglas Sts ,