Saturday morning courier. (Lincoln, Neb.) 1893-1894, February 17, 1894, Image 1

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LINCOLN, NEBRASKA, SATU1IUAY, FEHRtTARY 17, 1804.
VOL. 0,
PRICE FIVE CENTS.
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HIS 1b a typo of tho "croaklngs"
thnt ono hours on all Bides. "Prlcca
of most things arc too low to lo
attacked with a hopo of putting them
lower, and tho Btato of general buBinosa
in not yet such bb to favor buying tor a
raise, It is to bo remembered that after
tho breakdown of 187a several years
elapsed before tho country fully recov
orcd Its financial vigor, although tho
proccBB was hastened by a succession of
bad crops In Europe and of good ones
here. The recovery now should bo at
least Gqlmlly slow, and tho commence
ment of u general speculation for a rise
correspondingly tardy.'"
Sight is lost of tho fact that this coun
try has mado considerable headway dur
ing tho past twenty years. Develop
ments that were never thought pOBslblo,
ovon in tho minds of the most imagina
tive, have taken place, and, bb compared
with 187:i, we are living in a world of
wonders. Tho railroad mileage in that
year was juBt 70,268, whereas, now it is
170,457. ,The output of hard coal in 1873
was 21,227,952 tons, whereas last
year tho anthracite mines gave
out 43,000,000 tonB. In 1873
mpst of the railroads, which aro
now paying dividends of from 0 to 7 per
cent, wore bankrupted. Lackawanna,
Northwest, St. Paul. Preferred, Delaware
& Hudson, New York Central and Lake
Shore wore selling upon a basis that
mado them look like tho "chromos''or
the receivership properties of today.
To havo predicted In 1873 that twenty
years later any road could mako such a
howlng as that submitted by tho Dela
ware & Hudson, would have invited tho
severest criticism. The fact remains,
however, that the Delaware & Hudson
Canal company, Delaware, Lackawanna
& Western, Central of Now Jersey, Lake
Shore, Pullman Palace Car company,
Northwestern, and other representative
.corporations during the depression of
1803 mado dividends on extraordinary
capitalization of from 7, to 17 per cent.
This country has wonderful recupera
tive ability, and to pit tho present
against those times of twenty years ago,
is to mako an "odorous comparison.''
Tho boot that would havo fitted tho
child of a generation ago, would not near
tit its foot today; so with tho country.
Conditions that prevailed then would
amount to nothing now.
Science, development, porsovorauco,
pluck, and a bettor understanding of tho
future will Burmount ovory obstacle.
Wo build differently now than then. Wo
travel faster, We annihilate space. Who,
in 1873, would havo predicted that a man
could eat his dinner in New York at 3
p. m. on Monday, Bay, and lunch at II
a. m. tho following day in Chicago? Wo
cross tho ocean in five days and a fow
hours; we reach San Francisco by ordi
nary travel from New York in even less
time. Our methods of doing business
havo improved. It is folly, almost mad
ness, to argue that because "ufter tho
breakdown in 1873 several years elapsed
before tho country fully recovered its
financial vigor, that rocovory now should
be equally slow.'' One might Just us
well say "because it took twelvo days
then to cross tho ocean by fast steamers,
it should take as long now,' But sensi
ble people will think and act differently.
The wealth per capita In 1873 wiis 810;
it is now $20, and the population has in
creased sinco then nearly 00 per cont.
There is just ono more important con
sideration; perhups tho most important
of all. In 1873 the depression, which
was widespread, loft all industries in a
demoralized) prostrated, and, in no fow
instances, a hopelessly bankrupted con
dition. Tho panics of 1893 caused num
erous suspensions, severe contraction
(but not positive losses in valuations),
and generally congested conditions.
With tho removal of tho cause, convales
cence is certain to follow; and, as little
or nothing has been "wiped out," there
is loft the foundation, and, in many
cases, the full machinery with which to
again roach tho position previously at
tained. There is, under overy circum
stance and consideration, very little with
which to draw comparisons botwoon this
period and that of 1873; but if compared
tho contrast is in favor of the present.
ljUBt year there were 301 business fail
ures in Nebraska. Out of this number
thirty-eight failures wore duo to tho in
competency of tho principals; twelve
wore tho result of inexperience, und.thir
teen wore due to extravaganco and neg
lect. Fraud figured in thirty-eight of
these failures, which moans that tho
principals wanted to fail. This leaves
but 270 failures during tho past yourut-
trlbutabloto legitimate causes. These
flguroB were compiled by Mr. Taylor,
riiannger of Brndstrcot's, Omaha, and
they comprise tho first analysis of fall
ureB that has over been mado covering
an entire Btato. Tho record is consider
ed a most gratifying ono, covering ns it
doeB a period of business depression that
has never been equalled in the history
of Nebraska.
In twenty-two of tho stateB and terri
tories sixty-eight out of every 100 farm
ers own tho farms they cultivate,, and
Bovonty of every 100 of these farms are
free from Incumbrance. Of the 30 per
cont mortgaged tho avcrugo mortgage is
for 35 per cont of tho value. Of tho
total mortgages, 75 per cont represent
deferred payments on money borrowed
to mako improvements. Hut theso fig
ures will never bo scon in a calamity
puper,
Duncan, Hollinger it Co., 837
P street,
furnish tho following special
market
summary to Tiik Couuikk:
Wheat Tho market during tho past
week has shown what its possibilities
are when over burdened with a largo
stock. Tho holders becamo tired on Bee-
ing'tho weeks go by without uny f tho
long anticipated reduction of their load,
and with a constantly sagging market.
There have been thteo notoworthy lines
of long wheat In tho Ghicagc market
Armour, Canada and Now lork and
last week the Canadiuus begun to sell
out at an immense loss, and other hold
ers followed Buit. The gonerul heavy
snow completed tho demoralization, and
on Tuesday the extraordinary price of
58Jjc. for May wheat was reached. Tho
break was arrested and tho market
turned by two things tho taking of
about 2,000,000 bushels of wheat for ex
port during tho decline and tho demand
from shorts to cover their sales. An
unexpected strength in cables on
Wednesday helped tho reaction. Tho
noxt day, however, all snap went out of
tho foreign markets, und Chicago quickly
lost Its improvement, and is weak and
almost as low as over at present writing.
It seems hopeless to expect better mar
ketsjBBtil.w&haye a rapidly.dlminishing
visible supply, either in progress or in
immediate prospect. All supply and
demand estimates showing that our sur
pluB will all bo used up before end of
crop year aro mistrusted. It must not
be forgotten, howovor, that tho enor
mous stocks aro tho causo of tho abnor
mal prico and that tho disappearance of
tho viRiblo would mean a revolution in
values. It is a timo to watch.tho courso
of supply and demand closely.
Corn has a good unmoor of friends on
tho belief that tho rocont very heavy re
ceipts havo beon caused by low freights
from tho west, and that corn washurricd
in in anticipation of a riso in these rates
on March 1. In tho meantime the snow
has interrupted tho movement and it
cannot be resumed for some timo.
Provisions havo generully ruled weak.
Wo think as both consumptive and
speculative demunds are tamo that
bulges will bo only temporary and that
the genoral tendoncv will Im downward.
FruuK M. Hlish, manuger of Dun's
Mercantile agency, makes tho following
business summary for Tiik Coukikk:
"Trade continues to improve, but
country orders aro small, though numer
ous, and chiefly for immediate wants.
Jobbers aro complaining very little just
at this timo of their collections, and Hales
aro pructicully up to expectations.
There is a very gonoral rejoicing over
tho improved crop conditions, and there
aro many who confidently expect that
April and May will develop a sovJ deal
of activity. No change is noticed in
monoy. Thoro havo been no failures of
consequence, locally, sinco tho first of
the your; but retail business continues
quiet, this boing usual
at this time of
year,'
Tho total tiro lossreof 1893 amounted to
$150,000,000, ubout this samo as tho losses
of 1891, but nearly 20 par cent greater
than those of 1892. The number of fires
of incendiary origin increaues with
almost tho rapidity of tho growth to
population of tho children of Israel dur
ing tho Egyptian captivity, and ew
methods of defrauding companies urn
constantly being devised.
Phil Daniels, local ticket agent of tho
Missouri Pacific, reports thnt his receipts
from tho sale of tickets in January were
$900 larger than in January last your.
Merchants generally uro looking for a
more or less, marked opening up of busi
ness, commencing tho first of March.
E. II. A minis, of tho immigration de
partment of tho H. & M., Bays: "Wo
uro looking for a big influx of people
Into Nebraska this year. In fact immi
grants havo already commenced to ar
rive. From the number of inquiries re
ceived, we expect to locate more pooplo
on Nebrankn farms this year than we
havo for povoral jours past."
Tho Lincoln Ilnngn and Furnace com
pany filed articles with tho secretary of
stato Wednesday. Tho lucororatuis
aro W. M. Clark, J. II. Mockott, O. C.
Clark, W. H. Clark and B. M. Mockott.
Tho capital slock is $20,000.
Thoamountot monoy paid in premiums
io regular lite insurance companies in
this Btato in 1892 was $1,302,711; to co
operative llfo associations, $3,001,875; to
uccidont companies, $101,291.51. Tho
total amount of losses pakl by regular
fife Insurance compunles wus 8271,012.31.
Mr. ilubeoek, in charge of tho lusur
anco department of the olllco of the
utulitor of public accounts, says that tlio
reports now coming in from tho insur
ance companies show a irreut fulling off
in all kinds of insurauce in 1893, A
number of the llfo companies lapsed
many thousand dollars in Nebraska more
than thoy wrote, and the file companies
have all hud heavy losses.
About 10 porcentof tho world's visible
wheat supply is in sight, and aliout 10
por cent of that is in Chicugo, or say
alout half tho total 1893 receipts there,
which amounted to 50,231,000 bushels.
Tho visible of late has decreased, slower
than usual. Millers have evidently de
creased their output instead of increas
ing it. Fanners tho world over continue
showing no desire to discontinue send
ing their wheat into second hands, or
placing it where tho world's consumers
(and their allied friends tho boars) can
continuously see it, talk about it, and
wonder what will again prevent cash
wheat selling lower in Chicugo than last
July, when it sold for 54a for cash.
Then tho pooplo seemed to huo plenty
of cush. Now bunking centers fn tlu
United States seem to hold nearly 8200,
000,000 over legal requirements. Evi
dently tho object lesson has destioyod
mora credit and conildenco thun monoy.
Franco has placed a sliding scale tax on
impojtt$d grain bused on value. Their
financiers claim that it cost about 10 or
20 francs to grow and harvest an aero of
wheat, and that it will not now bring
over 15 francs, or three-quarters what it
cost. Crop prospects at this season have
seldom been reported more flattering.
England's reports predict a shortage in
1804 from tho 1893 acreage of .'120,000
acres, and a yield of 49,550,000 bushels,
and ample supplies for tho present, and
liberal offerings from Australia, Argen
tine, India and Russia at pr.ces never
before prevailing and below our offers.
Tho three last shipped 50 por cent more
sinco August 1 thun in previous year,
and for early weeks of 1894 about soven
ninthB us much as tho United States
and Canadu. Tho Com Trade Sews
says shipments continue less than re
quirements, and total wheut and flour
on pussngo to tho United Kingdom is
ubout same as previous two years, and
one-third more thun preceding three
yours around January 1 each year.
Tho Illinois report-cluims the stato has
seeded but 1,824,427 acres, against 2,029'
000 in fall, 1892. California reports good
rains and very promising prospects, with
fully avorago stocks of old wheat loft
over. Tho full acreage for the twenty
four wintor states was reported to bo
21,079,300 acres, (there are seven states
thut grow ubout as much winter as
spring when not included us winter or
spring' wheat states.) Six spring wheat
state grow most of our export surplus
of wheat. Tho averago condition of
winter wheat December 1, 1893, was 91.5
on basis of usages; this indicates the
yMd por ucro will bo 13-j bushels, and
prodt.eo a winter wheat crop
noxt h&rvsBt of about 285,000,
000 bushels, a? about ton millions more
than harvested in, 1893, and about 75,
00,000 less thun ui lf02.
Looking back iu? find tfcpjiurvcst Bel
donnneusured out within hn por cont.
nsgieu1! as December i-stliuuta; on this
basis tho winter wheat crop may bo
alwut 250,000,000 bushels, at 10 pr cent.
JuBa than lust ucaibou. Thla t nll'mt tho
rfootd thut is liublo to bo tvyulw in all
whesttf countries, and over promotion
at'f1, largo th& haauh6uU'v'acbtil tho
high IYfc)( '""I l'P will Uiwly hi many
small iuh wjzi 5?t wheut, or nwiiy starts
for a big riso before ,w nm?ty occurs.
Lastly, vnlucs tho world over uro at tho
maximum point on record. Liquidation
appeals again well-nigh completed in
May whout. July futures are way bo
low cost of production, and below cost
of carrying" chnrges.
OIrUiikiiIhIm'iI flueU.
Professor George E. Howard, of Leland
Stanford university; President Harper,
of tho University of Chicago, and Presi
dent Gates, of Iowa college, were among
the guests of tho university this week.
IT
in
fWrlHnn 9i9 Titv 1 1minlwti.
'fN a veil known play tho question Is
TdiBci ssed, whether married men livo
y long r than single men, and tho tils
cusstot ends with thostatemont that mar
ried in h livo tho longer. "Taint bo,"
says it n rustic of the play, "married men
don't I vo long, it just seems long, that's
all."
t t,t
So w th the various panaceas offered
us for ho purification of municipal gov
orumoi t in this country; thoy just seem
offecfh o when looked at by tholr Invent
ors; but turn to nearly as bitter fruit as
that for which thoy aro substituted,
when tasted.
i 1 1 1
In truth, municipal government re
flects, as in a somewhat crooked glass,
the avffrugo public morality that faces
It; sonnet lines a little caricatured, but a
likonta that can bu recognized.
;i 1 1 1
The 'remedies proposed by Judgo Hall
may tend to slightly amelinrnto existing
conditions; but they seem tuba rather
to scoich tho snuko thun to kill it. Italso
your JMlanes and you incrcaso tho incen
tive for tho party worker, and ho and
his friends will double their efforts to
gain tho more valued prize,
t t t
Hero wo recognize tho key-stono of
tho whole arch of our present municipal
evil that intense partisanship of na
tional politics which intrudes itself into
tho management of our entire local sys
tem and palsies every effort mado to
strengthen and improve it.
t t t
Invent mo some way by which this
arrogant and insistent purtyism can bq
eliminated from our municipal elections,
and though I bo a tyro in tho principles
of government, I will show you tho Htep
to a comparatively pure administration
of municipal affairs.
w f f
WffKrn all agreed upon the absurdity
of selecting city ollicials because they be
lieve this way or that way on tho Bilvor
question, or the freo trado question, or
tho annexation of Hawaii; but we aro
not all prepared to stop over tho party
traces when appealed to by tho "HosseB.
t t t '
The average American citizens has an
oyo open to tho possibility of somo Jay,
being a candidate for some otllco within
the gift of the people and, in that event,
tho enmity of the "Hoss" in politics is to
bo dreaded. Moreover, tho lower tho
gndo of intelligence and tho narrower
tho cultivation of tho man, the stronger
is this clan-like projudice. Tho ultimato
remedy then, lies in a gradual awaken
ing of M)pular sentiment, which lies
dormant but not dead, and this is best
reached through a broador education
and by an example of courago and inde
pendence on tho part of those who should
loud in public affairs.
t t t
I have never seen tho timo when the
popular sentiment of a community like
our own, if thoroughly aroused once, did
not burst all tho bands of a servile party
allegianco and tiBscrt its indopondonco,
and I should lose my faith in a popular
government did I not believe this would
alwaj s ultimately occur. Tho tendency,
though, is, when this sentiment is
awakened, for it soon to exhaust itself
and fall back in a torjior more profound
than that from which it awakened, and
spasmodic reforms havo littlo of value in
them, except us they show the temper
of tho community.
t t t
I tuko oxcoption to Judgo Hull's state
ment that two separate bodies should
not levy taxes in a city. It is too vaguo
and either means too much or too littlo.
t t t
The state levies taxes in tho city and
so docs tho county, but I think his ob
jections are intended to apply solely to
the school board.
t t t
Ho seems to mo to fall into tho com
mon error of looking on tho school dls
trlct ns properly a brunch of tho city
government, ruther than ns having a
dlBtinct entity of its own. Tho diffor
enco between his idea and mine would
appear to bo us wido as thut between
the imperial idea of government and
tho democratic. The ono is to combine
everything into ono magnificent wholo
controlled by a central and absolute
Kwer. Hut demociacy suid: "let each
community, the narrowest practicable,
attend to its own affairs, tho school
district to school district matters, tho
town or city to town of city affairs, tho
stato to thoso matters concerning tho
citizens as a wholo, and, finally, the
nation to tho regulating pt affairs bo
twoon tho states,''
Tho tondonoy of tho empire has al
ways been towards corruption) that of
the 'democracy, toward a purer form of
government,
t t t
The education of children has always
been looked upon in this country, and
happily, an a sacred trust lying at tho
very root and basis of good government,
and it has boon tho tondonoy to divorco
Its administration, so far as oBfllblo,
from tho basor activities of ordinary pol
itics. t t t
' In conclusion, It ought not to bo
necessary to say, but scorns to bo, that It
is not us a niattor of course tho Ixaly
that will manage tho school affairs, or
municipal affairs cheapest, that should
bo entrusted with them. There is
Bomothlng besides cheapness to bo con
sidered, Hkniiv E. Lkwih.
I I
(Written for Tub Couuikk.)
Wasiiiwiton, D, C, Fob. 15. (Special
Correspondence Tho power of tho ad
ministration within tho democratic
ranks seems to bo almost invincible, ut
least so far as tho house Is concerned,
Tho party differences aro many and var
ied. Tho Wilson bill caused some bitter
feeling on tho part of thoso whoso con
stituents were directly affected, which
added fo tho factional disturbances left
over from tho Bilvor fight last summer
has tended to produce anything but
hurmony, undor tho surface. And now
wo have tho McCroary resolutions con
cerning Hawaii which cou Id only bo
passed by tho aid of populist votes and
tho divisions produced by tho Dland
Bolgniorugo bill, Democrats in tho house
are not in accord4with tho administra
tion, but the fact is apparent that pure-
fly administration measures usually com-
niand a majority of tho votes, if it is .at
the crack of the party whip.
Where are tho'tatowriBn of tho dem
ocratic party? Why do' thoy not evolve
somo fiscal policy that haa something to
recommend it besidea tho fact that it is
opposed to all tho republicans havo
dono for thirty years? ThovBhould
know that tho only sure way to dofeat
tho republican party is to adopt tho
policy of tho republican party to a cor-
tain extent that wbb what elected
Ciovoland in 1892; witness his lottor of
acceptanco on tho tariff.
Tho courso of politics during tho first
year of tho new administration is calcu
lated to forco a largo number of iwoplo
who havo tho welfare of tho wholo
country at heart to vote tho republican
ticket, who otherwise might havo been
democrnts or mugwumps.
Tlio republicans in the present con
gross havo, comparatively, a very high
order or statesmanship within their
ranks; this is attested by the refusal of
tho party loaders to filibuster or enter
into tho factional disputes of the domi
nant party, although it is thought tho
Wilson bill 'could havo beon dofeatod
had the republicans in tho house agreed
to join a democratic faction in voting to
recommit tho bill, whereupon, it was re
ported, tho ways and moans committee
would resign. Where can tho demo
crats show a statesmanship broad
enough to stop voting ugainst tlio
moasures of tho opposite party?
Tho republican support of tho Pock
ham nomination in tho scnato is duo to
u determination not to enter tho factional
fight of the democrats and also to tho
fooling that no good can como from
building up tho Hill party,
Charles J. QreonJ an Omaha lawyer,
was in the city this week telling his
friends that Nebraska will send a Bolid
republican delegation to congress next
timo. Ho says Hrynn cannot be re
elected, Senator Voorhees hue been mude the
turgot for u good deal of ridicule be
cause of a speech in the senate lust
week. On Thursday he addressed tho
Benato to tho effect that "as yesterday
was Ash Wednesday, tomorrow will bo
Good Friday," und then moved that tho
senate adjourn to tho following Monday.
Tho senators wore so astonished thnt
they adjourned ut once.
In the somite there aro twche demo
crnts opposed to the Wilson turiff bill--tho
light promises to be a long and
severe ono, but tho best opinion Is that
tho bill will be passed with some modifications.
Tho administration
proposition to coin
Is opposed to tho
the seigniorage,
Secretary Carlisle has B'Hikon. Coining
tho seigniorage sounds Very well, like ull
tho other cant phrases invontod to do
eclvu tho public, such us tho unconstl
tlonallty of tho tariff, robbor barons,
plutocrats, etc., but It is nothing more
nor less than coining something oiit of
nothing, or as Mr, Miami wnnts certifi
cates issued on the strength of tho solg
nlorugo which Is a mere phantom, Mr.
Carlisle asks where tho money would
como from with which to rodoom the
certificates and if thoy were not re
deemable, no ono would want thorn. It
Is oxplulnod that tho solgnlorago on al,
tho silver in circulation, being tho differ
once between its Intrinsic and its face
valuo, is nothing but a debt of tho gov
ernment pure and simple, rodoomabln
In gold that Is what tho gold resorvo
Is for. Why Increase it by tho issuo of
more fiat money?
Tho recont order of tho treasury de
partment requiring tho Inspection by a
government surgeon in caso of absence
of tho dorks on account of sickness, bus
had a wonderful effect on their health.
No material change Is noted in the
business situation some factories aro
starting up hero and thoro, though fro
quently,at reduced wugoB, and a slight
tondonuy toward improvement is ap
parent, Tho bank reserves in Now York
show a decrease of $25,000,000, duo to
tho government loan. In this connec
tion it Is reported that tho plethora of
money Is so groat that tho New York
banks, which usually pay interest of ljtf
and 2 por cent on country deiwslts, havq
in many instances limited tho amount
that would bo rocoived on deposit from
any ono bank on which IntoreBt would
bo paid. This shows that tho surplus
monoy comes partly from tho interior.
President and Mrs. Ciovoland. aro
quito regular n their attondanco at tho
First Presbyterian church, of which Dr.
Sunderland is pastor. Dr. Sunderland
was pastor of this church during the
war times, and is ono of the oldest
pastors in tho city. Mr. and Mrs. Cleve
land havejtjww near tho pulpit la one
of the central aisle. They umially com
early. Immediately after tho benedic
tion the attendants of the church, re
main in their places until the president
and his family havo loft tho church
building. Their carriage is waiting at
the door, and thoro is usually two guards
to look out for cranks. Nixon.
Thursday evoning at tho Lansing
theatre, Chancellor Canflold of the
University of Nebraska, conferred the
following degrees:
George E. Howard, orator of the
evening, doctor of philisophy.
Charles H. Gore, for ten years a mem
ber of tho board of regents, master of
arts,
Rev. Joseph T. Duryea, Omaha,
doctor of laws.
William II. Harper, president of Chi
cago university, doctor of laws.
G. A. Gates, president of Iowa college,
doctor of laws.
W. F. Slocum, Jr., president of Colo
rado college, doctor of laws.
Charles O. Whitman, profossor in
Chicago university, doctor of laws,
II. W. Caldwoll. professor in tho Ne
braska stato university, master of arts.
Tho following members of tho faculty
wore mado full professors: Laurence Foea
ler, Germanic languages; I. II. Barbour,
geology; F. M. Fling, European history;
Lawrenco Hruner, entomology.
One of tho features of tho ceremonies
and festivities in connection with the
university exercises Friday wus tho pro
cession of tho wagons of tho Lincoln
Coal company, which took' place nt 11
a. in. This company is engaged in put
ting in coal ut tho university, und a solid
procession of twelvo wagons, all gully
decorated with scarlet and cream, the
university colors. Tho cou! parade at
tracted much attention. '
LINCOLN'S BHSE Bill TEIM.
II. J. Ebright, commonly known as
"Huck," has accepted the management
of the Lincoln base ball club. Uo'al
reudy has his team selected, and it will
have the advantage of a month's practice
In California before the league bcuboii
opens. Tho Lincoln club will also play
exhibition games prior to tlio commence
ineiit of the season with Kunsas City
Slouv City, Omaha and St. Joe.
Miss Jcanotto Wilson left for Denser
Tuesday,
Mrs. Itosa Kunko is visiting friends in
! IVoriu. III.
Mrs, R, H. Townley has returned from
New York City.
wr.
J
mv
I'd
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