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Dakota County Herald
III
&
ALL THE NEWS WHEN IT IS NEWS
State Historical Society
'.STAM1S1IEI AUGUST 28, 1891.
DAKOTA CITY, NEBRASKA, THURSDAY, OCTOBER 23, 1919
VOL. 28. 'No. 8.
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5 NEWSY ITEMS PROM OUR EXCHANGES gj
ID - 11
ElI51lDgi51lalI51gHllIllDlIlI5ira
Rosalie Uip-Saw: Mrs. Crandlc of
South Sioux City, is here visitinu
her daughter, Mrs. Ralph Mason.
o
Ponca Journal: Miss Clara Cook,
of Dakota City, spent Saturday and
jnt Saturday and I
Sunday with her mother in Tonca.
Ponca Advocate: C. Rasinussen
and family were visiting friends near
South Sioux City the first of tho
week.
Carroll Index: Fred Hclweg, sr
departed Wednesday morning ioi
Hubbard, this state, to attend nDu
roc Jersey hog sale.
o f
Sholes items in Carroll Index
Rev. Phillips returned to his home
at South Sioux City Monday after
being in Sholes over Sunday.
Wayne Herald: Mrs. Fred Car
tels of Hubbard, who had bten visit
ing her daughter, Mrs. Charles Hoi
kes,for a short time, returned to her
home Tuesday.
Pender Republic: Attorney S.T.
Frum, of Dakota City, was in Pender
Wednesday, having business in the
county court relative to the cstato
of his father, the late C. C. Frum.
o
Winnebago Chieftain: Mrs. Louis,
Herman and son Charles visited Mrs.
Nellio Nunn last Sunday, .. tTildeii
Harris left for Crofton Friday to ac
cept a position as manager of
store in that place.
o
Plainview News: Mrs. J. T. Mc
Henry underwent an operation for
tonsils at the Plainview General hos
pital Monday... .Mr. and Mrs. T. J.
McIIendy and Mrs. C. E. Greene re
turned home Sunday from an over
land, trip to Omaha.
, , , ,
Newcastle Times: The footb-i
Kanio iietwecii nuuiiaiu-jnunnuii i.nu
Newcastle resulted in a tie. The
KlAitAfin 1 a HnniilrnrJ n - t rt 'I lin
game was very interesting throug .
out and was witnessed by a good
sized crowd. The teams expect t
play off the tic in the near future.
Pender Times: Married, at the
home of the bride's parents, Mr.- and
Mrs. W. W. Sharp, at South Sioux
City, Neb., Octobfer,iUth, ,MissAgneb
Sharp to Irl Lamport, of Sergeants
Bluff, Iowa, by llev. Hamilton of
Sioux City, Iowa. Pender friends
extend congratulations.
o
fc Sioux City Journal, 7: A. C. House
man, of South Sioux City, Neb., was
arrested yesterday on a warrant filed
with Judge Rice charging him with
disturbing the peace. Houseman
was arrested at Fourth and Pierce
streets by Patrolman Crest and tak
en to tho jail. He was liberated on
a bond of $100.
o
Laurel Advocate: Mrs. Olive Wed
ding and daughter Thelma were at
South Sioux over Sunday. Since
their return Thelma has been ill at
the home of her sister, Mrs. James
Harrington, but her condition today
is reported better. Tho trip to
South Sioux was made owing to tho
death of a child related to the Wed
dings by marriage.
Walthlll Citizen: Miss Sylvia
kamson was a L.yons visitor Saturday
....Geo. H. Lamson was a Sioux City.
THE UNIVERSAL CAR
We are experienced, and know how to
give service to the owners of Ford cars.
We have the same methods, machinery and
skill that they have in the Ford factory, and
we use the same parts made by the Ford
Motor Company. Ford owners are doubly
guaranteed by us as to the reliability of our
service on Ford cars. Don't tryto do it
yourself, bring your car here. Incidentally
we are getting a few Ford cars and are able
to make fairly good deliveries.
SMALL & ROGERS THE FORD MEN
homer Motor co.
THE HOUSE
visitor from Saturday until Tuesday.
....The following message came to
Walthlll yesterday: "Rosalie, Neb.,
Oct. 15, 1919. To Grandpa and Grand-
Una Mason: It's a bouncing habyboy.
urnnuma come at once. naiwn.
Mrs. W. H. Mason went to that place
yesterday and interviewed the young
ster mil reports him p. fine boy.
Here's luck to him.
o
Emerson Enterprise: Mrs August
Fisher's daughter, Mrs. Harris, ol
Sioux City, returned home Tuesday
morning after a visit here with her
parents. . . .Ncls Tolstrop and Chris
Voss were on a fishing trip the first
of this week at Crystal lake. Sure,
it rained, but they enjoyed tne trip
all tho more.... John Church was
painfully hurt Monday evening at
Wayne by being struck across the
cheek with the clinker bar as ho was
climbing onto the engine. His face
was cut and badly bruised. .. .Mrs.
Henry McPherran and her daughter,
Mrs. Arthur Cronk, of St. Joe, Mo.,
who is visitinir here, went to Sioux
City Saturday to visit with another
daughter, Mrs. Hal Goodwin, .. .All &s
Minnie Kelley visited last week with
her sister, Mrs. Frank Murphy, who
lives near Homer. Mrs. Murphy and
children returned with her Friday o
visit over Sunday at the Kelky
home.
o
Walthlll Times: Mrs. L. G. Mar
tin of Homer, visited Mrs. Swan 01
on Monday afternoon.... It leaked
out this week that County Agent H.
E. Taft resigned his position just be
fore starting on his trip west, but
there seems to be some difficulty in
getting at the bottom of the reasons
for his actions. The Times has in
terviewed several persons associated
with the bureau, with the result more
mysterious with each interview.
There has been no dissatisfaction ex-
pressed with his work over the coun
tty which has generally been regard
eU g exceptionally eincient. JNei
.1 . a if
ther is there any intimation of any
thing reflecting upon his honesty or
character. As nearly as the 'limes
has been able to ascertain the resig
nation is the outcome of strained
personal relations with some of the
officers pi tho bureau, and friction
with some of the red tape artists in
the state andfederal end of the work
who nremore. interested in their
techniacl rules being observed than
they are in helping Thurston county
farm industry. The Times has not
had an opportunity to interview Mr.
Taft, which may throw additional
light on the reasons for his action.
Itiillctln on Vegetable Storage
How to successfully store vegeta
bles is fully described in United
States Department of Agriculture
Tamers' bulletin No. 879. Late gar
den vegetables often may be stored
with no outlay of money, outdoor
pits or banks serving full well to
keep them until late in the winter.
When considerable quantities of veg
etables are grown it is frequently ad
visable to construct permanent stor
age facilities in the form of a stor
age room in the basement or to
build an outdoor cellar 'of wood or
masonry, the bulletin says. "Home
Storage of Vegetables," may bo ob
tained from the Extension Service,
College of Agriculture, Lincoln.
No disaster too big for Red Cross,
OF SERVICE
ENROLL
Nov. 2 to 11
1 IPIflBlflVlliVHIIIHBMHflHHH
p ' rwrJ
DREAM
OF SOVIETS
15
Ufc.
OUP Foraotten Socialism That
"' rinyuueii ouuiunaiii i nai
Led1 tO Widespread RepU-
" ' ' t. .'.'' . :'. . '"
cfiation by Slates
MILLIONS WERE BLOWN IN
Well Known Economic Writer Recalls
Distressful Period When North
Dakota Plan Left Ruin
In Its Wake.
(rrotu "Our Forgotten Socialism," by Albert
U. Atwooil, Copyrlclitrd, Heproduced In
lurt bjr 1'ermlMlou of hoturdiiy Kveulne
lost.)
(Continued from last week.)
A few years later the senate do
voted six hundred pages to a graft re
port, and that wits about all tho stats
had to show for its six millions. Illi
nois was even wilder.. So bad was
tho logrolling 'that ono county which
did not get a railroad or canal was ac
tually given ?1!00,000 in cash out of
stato funds, though the tnxes were not
enough to pay ordinary expenses. 'Jfo
get the support of nine delegates from
another comity which, was to recelvo
no direct heuefli, the Mate capital had
to bu moved.
Instead of building one central
route and branches as fast as the in
come justified them, nine great routes
were started simultaneously. Two or
throe 'million dollars of profits were
expected within a year or two. Only
twenty mlle3 was overi completed, anil
this piece of railroad wtts later sold to
an individual for !?21,100, forming tbu
nucleus of the present Wabash sys
tem, "The rest," said n correspondent of.
a Baltimore paper, "Is in every stugo
between completion and commence
ment embankments half formed
bridges half-built, an Immense amount
of timber lying on tho ground ; the first
Is left to wash away, tho second to
tumblo down and decay, tho lust to rot
In utter uselessness unless some kind
person will tnko. it for firewood or
fence."
The State Bank Mania.
Tho Idea In the 'ISO's seemed to be
that monopoly in banking could be
broken up by making everybody a
bunker. It was thought that tho woy
to get people out of debt, to create
money, wealth niul prosperity was to
form a new haul;, In Mississippi alone
the capital of hanks Increased from
ono to twenty-five millions in a single
year. After the great flro of 1835 in
New York It was proposed to form a
bank to relievo the sufferers, and when
Tammany Hall was In debt it was sun
posed that a now bank was all that
wuh needed. Kvon ufjer banks hint
failed others were started in their
pluce, on tho theory, as stated by ono
disbeliever of that time, that tho hair
of the dog was good for tho bite.
The mania was so great, that the
-- " fr - "r r t '
PCUTIIDV
OLD
richest politfciil plum was to be ap
pointed commissioner in charge of su
pervising the distribution of stock In a
new. bank. When the stock of tho
Seventh Ward bank of Now York City
was distributed in 1832 the family con
nections of tho commissioners got 8,710
shares, public ofliclnls wcro able to get
1 KVti sluiroa nml tlin lrnnprnl TMlllllrv
'csnlte ,ts clamor, reccivca only forty.
crcatlon o stBte bnul8 wag lm.
mensely stlniulated by tho retnovnl jof
.lm'Alil frlni ll,n TJnnlr nt llirt TTnltn
,j... "-" --, - - o ---,
deposits from tho .Bank of the United
States, which Jackson destroyed on
tho ground of monopoly, to great num
bers of now and weak stato institu
tions. To make matters worse Jackson
urged tho stato banks to lend freely,
though they needed no such injunction.
Then, too, the federal government after
paying off the national debt had an
enormous surplus from land sales
which It distributed among tho Btatcs
and which found its way to the state"
banks.
The government sold its public lands
at n fixed prlco of $1.25 nn acre, which
In that great era of pence trad expan
sion Boon roso above the public Bale
price. Banks wero" started for tho Bolo
purpose vt issuing notes to land spec
ulators, who would uso theso notes tp
buy land and turn thcra Into tho land
offices In payment. Then tho govern
ment would redeposlt precisely tho
same money in tho banks, which would
once more lend it out to tho same spec
ulators. Thus a vicious circle or net
work of speculative credits was formed
Which led to tho final crash when tho
government at last becarao frightened
and ruled that land must bo paid for
in specie
Along with land everything else
went up cotton, lumber, beef and
flour. A barrel of flour coBt $10, or
ulmost as much as during the recent
spell of inflated prices. Worst of all,
the country was flooded with rotten,
worthless, wildcat monoy. They called
It bluo dog, red dog, red pup, and tho
like. It was so bad in ono stato that
the public printer would not print the
governor's message until ho was as
sured of spocle. Banking consisted of
note Issue rather than tho acceptance
of deposits, and the banks Issued so
many different kinds or notes tnai
tvavel became almost impossible.
Money good In ono county yuH uu
known In the next.
The Wildcats of tho Backwoods.
In MIchlgau tho woods wcro filled
with wildcats, and so many banks wero
started in out-of-the-way places that
thoy came to be known as wildcat
banks. Some of tho banks wcro in
towns that could not bo found on the
map. One with $50,900 capital was
found in n place that had formerly had
twenty houses but no longer existed.
Tho hank building wuh later used as u
barn. A traveler was lost ono night In
tlio wilderness and at last found a
road which led to a clearing whero
stood u single largo imposing building
bearing tho sign "Bank."
Bank capital was supposed to con
sist of one-third specie, but tho same
speclo was used over and oven again
by different banks. Ah soon as tho In
spectors had left one bank the specie
was sent by fast courier to tho next
stopping place. Kegs wcro filled with
nails except on the top, whero a few
sliver coins wero placed. Tho whole
system' of course went to ploces, hut It
left behind a million dollurs in abso
i.
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lutely worthless paper among a' popu
lation of only a couple of hundred
thousand.
Just how much money tho stato gov
ernments luvestcd in worthless batik
stocks cannot bo stated. Front 1824 to
1810 tho westorn nnd southwestern
states alone Issued $05,000,000 of bonds
to provide banking capital to corpora
Uons. Much of this was lost Thougl
Pennsylvania nnd other northern nnd
western states lost heavily in banking,
It was tho south and southwest that
(vent in tho heaviest. This was duo, to
tho extreme need for money involved
In cotton planting with slavo labor.
Tho hardy settler of tho northwest
could move into tho wilderness with
his family and uupport them from tho
first. But tho planter had to buy his
slaves and feed them for n wholo year.
before he could sell his crop. Slavo
labor Industry was highly capitalistic,
moro llko n manufacturing or com
mercial business than that of tho
northern farmer. But tho south was
even moro devoid of capital than tho
north, so southern states felt compelled
to uso tl olr credit to supply capital to
bunl. ..
In niu cases even railroads wero
permitted to issue money to pay their
contractors with. Then tho stato would
redeem tho money In epeclo with tho
proceeds of bond sales. But when tho
railroad suspended without having
dono any permanent work tho stato
was discouraged nnd tho currency still
out became worthless. Whero bonds
could not be sold the railroads were
sometimes merely given banking power
nnd as long as liny ono would take
their notes they were able to keep
going.
In Illinois ti grent quantity of bank
stock wan owned by the state, nnd
stato bonds were owned by tho banks.
Both became worthless, but ns taxes
Wcro payable In banknotes, which also
were .naturally worthless nt that time,
tho peoplo hastened to pay their4axcs
In the notes and tho stato was soon re
duced to utter poverty. It couldn't buy
even tho stamps to put on tho gov
ernor's envelopes.
This situation so disgusted every
body that tho legislature voted to have
tho bonds burned in a public bonfire
beforo tho doors of tho stato house.
Can States Do Wrong?
After tho panic of 1837 it was Bald
by ono newspaper that tho credit of the
states had been hanked to' death. Pro
visions were then put In sovernl con
stitutlonB forbidding , the ownership of
blnk stock, &. " "
Tho repudiation of stato bonds which
followed tho orgy described in this ar
ticle Is a dellcato subject to refer' ta
even nt this late day. Our sovereign
states are proud commonwealths and
they resent any reflection upon their
honor and credit. Besides, It is easy to
find plenty of extenuating clrcum
stances. Thoro wero two periods of
repudiation, ono after tho panic of 1837
and tho other following tho civil war.
In both cases a number of tho states
wero absolutely prostrnte.
When they entered upon a policy of
government enterprises they never for
a moment supposed thut failure would
result or that tholr taxes would bo in
creased ns a result. Tho public was
filled with consternation und tho word
"creditor" camo to ho synonymous
with "enomy' Teoplo only thought ol
ridding themselves of nn intolerable
burden. Tho equities of the situation
wcro forgotten. , .
It is common enough for men to da
test paying n noto they havo indorsed
for a friend. Many of them would
wrlgglo out if tho law did not compel
them to pay, But thero Is no compul
slon .upon a stato 'to pay. Tho const!
tutlon of tlio' United Btatcslets it out
Apparently1 it Is taken for granted
that n stato will always do right, and
uny law thnt permits persons to suo a
sttito is tho Htuno us admitting that
the peopir i ,'o not always to bo trust
EL!L!L!Eil!!L!lla
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SHOULDER
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The Officers of this Institution stand shoulder
to shoulder with the farmers of this com
munity. We havo money available for legitimate Farm
Loans and extend a cordial invitation to
farmers in need of additional capital to call
and frankly and freely outlino their require
Our service is prompt;
rates reasonable.
Jackson State Bank
Jackson, Nebrnslca
(inniaaiJLiiiiinHffiiixiimiiffiBaHMiH
WlWr. '. HigwmiififfKt
ed. But experience at' leisf provei
that If the states or any other formi
of government are to assume buslnesi
risks they should at least assume bust
ness responsibilities.
Dismay In Europe.
t The way in which Btatcs throw ovei
their obligations and honor when
tilings did not turn out well was sad
indeed. But tlio saddest people won
the tingllsh lhvcstors, Ono noted Brlb
.Islior suggested that citizens of New
,'Kngland nnd Now York, whero repu
diation was never considered, should
wear buttons when visiting England
with tho Initials "S. S.," meaning "sol
I vent states."
Tlio Council of tho Corporation ol
Foreign Bondholders in London hai
, never ceased its attempts at collection)
i and In most of Its annual reports hai
bitterly compared uto repuuiaiiBf,
states, to their discredit, with tin
worst of tho Latin-American couhtrles,
Kvon Liberia, tho council -points out
,has dono better. As recently as 19U
'tho annual report of the council had
Us usual bitter reference to the bud
JJect. Naturally tho adjustment of thesj
iBtato bonds becomes moro difficult at
time noes on because so many of then
have fallen Into the hands of specuu-
tors. They scH often for only ft fd
cents on tho dollar, and the states lit
not want to settle with mere specula
tors. North Carolina long had th
largest amount outstanding, and as s
result continual efforts were bclni
made to do something in theai.
Though individuals cannot site
stato it Is well know that ea etat
caif-suo nnotlier. OccaslOMHrJk
been posslblo to induce a state te ac
cept tho repudiated bonds of a alitei
commonwealth as n gift and then bring
.suit. South Dakota once went aftei
North Carolina in this way, and ol
courso won tho case. North Carolina
promptly paid up all tho bonds of that
particular class. "
Of course whero repudiation was at
all extensive In Michigan and Minne
sota tho amount was so Mall as to
count but Jittlo the credit Vt the statt
was Injured for many lour years. x
recently as 1013 eno of the fereifn or
ganlxatlon9 oMiondholdars'-practlcallj
Evented a certain state froahorrow
In -tho New York meae. ttwk4
I thwe are several ofe atatM
which daepUe their grw it frttl
'wealth hav; only roeeatly ana tl
9ta outilda buyers let their beaAa,
PAUM BUREAU NOTESf k
C. K. Yhw;, Cewitr-Aiest'
Several days affoWm. JEbel,4 sr,7 who "
lives nearDakota"Clty, returned
from a, visit to McHonryeeunty, 111.
Ho nt that time told the, writer that
ho had seen Marquis wheat of the
1910 crop raised in that county iaa
good as the average crop grown in
our section. A lotter was at once
sont to tho county agent of McHen
ry county to learn tne prospects of
(securing seed. Tho following letter
was his replyt
Woodstock, 111., Oct. 14, 1019.
Mr. C. It. Young,
Dakota City, Nebraska.
Dear Sir:
Wo havo somo vofy good samples
of Marquis wheat una will bo in a
position to furnish you with seed if
you will notify us as soon as possible
tho amount you will need, so we can
get in touch with our farmers'1 hav
ing seed for sale. -
Very truly yours,
A. J. OAFKE,, County Agent,
Wo have written Mr. Gafke for
samples and prices. Farmers want
ing seed should notify us ajb once,
stating the amount needed. We will
then tako this matter up with you
as soon as information 4 is secured.
Wo will try to order in car lots.
Tho pocket gopher eradication
meetings hold lost week in Omadi
precinct wero poorly attended. Tho
method of destroying this pest is so
simplo and cheap and tho timo re
quired so small, that it is a shamo
moro interest is not taken.
m
TO SHOULDER
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our terms right; our
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