Lincoln Independent.
The Official Populist Paper.
JI.JO PER TEAR IN ADVANCK
ISSUED EVEltY Kill DAY.
HiLMJV IIICK1XS, Publisher.
FRIDAY, NOV. '"J, 1805.
Entered at the post ofllce of Lincoln,
Neb., as second class mail matter.
TO POPULISTS.
We have now In -en publishing
the IsDKfKNiiKNT, weekly, in this
city, four months. ' During this
time our circulation has steadily
increased but most of it lias gone
on the books and no pay for it.
this we cannot allord to uo in
justice to our selves and to our
paper. Two duties now devolve
upon you':
First, pay up your subscription
Second, take off your coat and
roll up a good circulation in your
neighborhood.
We are loading up for jNi.
Let us hear from you.
Is prosperous times, public spirit
is not needed in a community. In
hard times the poor and middle
class have to furnish it.
Outsidk the cities of Omahn and
Lincoln, the populist party has the
majority vote of the state. And
still the parly is dying?
Thf. days of the straddle plat
forms and non-committal candi
date are forever ended. Let us
all thank God and take courage.
J. M. Si'KNtKK, editor of the
Alvord, Texas, Budget, a hitherto
democratic paper has said good
bye old party and has come with
his paper into the populist party.
Gkt in line for 'yo. Those prom
ised good times which will never
come under the present money sys
tem, will be a great help to you in
getting votes, but you must be at
work.
Thk bond holding, usury taking
class greatly rejoice over their re
cent victories, but in the words of
Isaiah "your covenants with death
shall be dissembled and your
agreement with hell shall not
stand."
A democratic contemporary re
marks that, "the pops still have
faith. There is nothing else in
sight for them to have." Granting
that, we can still give the poor old
democratic party cards and spades,
and then some.
Thi kt: is one set of nu n in al
most every city and county in the
west who levy and collect taxes and
govern. The people have been used
to it so long they like it, even if the
taxes arc enormous, and so they
vote to perpetuate the plan.
Thk New York Times is all
owned in England, the New York
Herald is edited by cable from
Paris, the New York World is
owned by a Jew and so the edito
rial opinions of these great dailies
is always and ever in the interest
of the American workmen.
s.-i; '.-wrr.
Thk Sioux City Tribune says
that ninety-two on joint balloi is
what the republicans have in fhe
Iowa legislature. It forget to add
that as soon as that fact was asccr-'
tamed the railroads raised their
rates all over the state about ten
per cent.
Thfki: isn't one man to imitate
!.... ... 1, .1,.. 1.:..
;'""V" V1 -' "
hands and .put after Christ s cm-
ciluion. started off and said. "I go
a fishing, m the whole populist
party. Not a sold er m it enlisted
for ho days. I hey d.dn t even en
ro.l for three yean. 1 he put
incir mines uown on me muster
roll to tiht while life lasted, 01
win. Any one who rointted on
an) thing No will he badly lolled.
In the last 1 ainp aigp, the popu
lists had to light one ft put-!n.4
patty, two dv tih'ijatu I'litio, die
prohibition p tttv. all tin 1 it'tn 1 U,
all the banks, tbt! A P, A , the
tU sh 4tl 1 tin' ik V t. S ns! band
c I and Jih.-m. tt fought li t SA.
with 4 1 oitp 11411 fund i t h , ih.ni
and in 4 . . i 11 iU and
0M1. I ! I. 1. 1 1 I I V
pf.l'l I 1 f m h a p i,v ' donah I, T
the I I . , bt UicK lit J . J.' I . 1 ,.
In CI 4 I 4 t , I '
'I Hi pf i- tl put'""" i
ptf lit ll lll.lt t 1 , PI Ll.
1:14 t!i- 1 i 1 ' r , ' I en
4 b I liv tt ' lii t ( tt i
d i ti'it, fi I lii.' a'L i t, n
.iVfd d'tl.t nil it A ': 1 4 i it
at
'.'I ;
r 1 1'
Ih.i
4:1 I
liaiiu Mlii.ii 1 I i ' -. 1 j.l
I A
j AEdUT TAXATION,
j Mr. David A. Wells is writing a
series of articles in one of the
: economic journals on taxation. It
is to be hoped that he will be able
to enlighten the people a little on
that subject, but his first article
gives poor promise of it. The
whole subject can be summed up
in a very few words. Labor pays
all taxes, that is, in this
country. In the "effete monarch
ies" of the old world it doesn't pay
quite all, for they have an income
tax. A good deal of that tax is not
paid by labor.
In this country if a poor man has
only five cents, he is taxed. If he
buys a loaf of bread with it, unto
the price of that loaf is added the
tax on the farm where the wheat
grew, the mill that ground it, the
railroad that transported it, the
building and oven in which it was
baked, the horse and wagon that
hauled it along the streets and the
grocers building in which it was
sold. There is a great deal of
aifference in the cost of the material
dnd labor in a loaf of bread and
what the starving man pays for it.
A good deal of mat difference is
taxes.
You can't tax a railroad any more
than you can tax the man in the
moon. Put a hundred thousand
dollars taxes on one of them and
they will raise their tariffs just that
much. It comes out of the con
sumer and producer after all.
Taxes wont stay where you put
them. They pass on until they
reach the laborer and producer and
then they have to come.
Taxes and interest is what is
eating the life out of this nation.
Roth ought to be cut right in two
in the middle. The only way to
do it is to double wages and the
price of products. The only way
that can be done is to double the
quantity of money. That will do
it.
WHICH IS RIGHT?
The Milwaukee Sentinel says:
Ak a riillrmiU ntllornry. Mr. Thiii-i-ton vv.m fnitli
(ill to Mh employer, lint now thai lie Iium lieeu re
tained by the people he pniioi-ei' to liu equally
faithful to Ilium mill to line the know leile unit ex
perience' gained In liirf former position foe their
benefit.
The St. Louis Republic says:
Senator Thurntoii will he In heller Mitlon todo
the present owner of tint I'lilon 1'iieille u nervier
than wan (jeneral Solicitor Tlmrton.
Five to one that the Republic
wins. 1 he day 1 iuirston goes back
on the Union Pacific and favors the
people, John Sherman will vote
for the free coinage of silver.
INBUFFERABLF IDIOCY.
If the populist party is ever to
succeed, some of of its leading pa
pers must stop printing such insuf
ferable nonsense as fills their col
umns. Take the following from
the Chicago Weekly Sentinel for
an instance.
lnlereht liai made every millionaire, every mo
nopoly, every romhine and IruM.
W'c lire are paying at leant S.frUM inletent for
every man, woman and child in Ihu Itepuhlie every
eear.
Now any one who knows
anything, knows that su;h
statements arc wholly false or
in the language of the street, sim
ple rot. The great millionaires of
this country, such as the Rocefel
lers, the Goulds, the Vandcrbilts,
Stanlords, did not make their
enormous fortune by interest. Tbey
were permitted to gather them by
class legislation and the decisions
of venal courts. Commodore Van
derbilt perhaps never collected
'$100,000 of interest in all his life.
They were accumulated through
special priviledgcs granted by law.
I They got them by the violation of
Im, principle lai J down bv the
farmer's Alliance: "K-pial rights
(orall, special priviledgcs for none."
To say that each man. woman
and child in the United States an
nually pays $350.00 dollars in inter-
n.l liV. !,. i.r lit'.. if ' rliil.l or
' r""'- v" " v...... .
t!,e driveling of an idiot. No
,., l( l,riinslias Cv, r estimated
U toU, Jt.,t tl ,hc in.ted States,
I ,)0th ,nd,ic and private, at more
j , Ho,K,i(H)(V,0l llH-re a.
,5itMnVKM ,,,, W01m.a aml 4 Iu.
j,, j t!lt. fnned States and to
say tin y pay twenty-one billion
! seven bandit d and t.tty million
'dollar a year 11 intniM, whn.li
j Would be ,ys" 00 rut h, is o s.iy
thl all lit ili I t 1 ( th United
SlaUs vliaw intii'-st t the late of
1 i.j i r t nt.
Is it . be wen ! f I t that the
pt '(! put p"ll but b-w i.n
in t t.ii .ik.i wl n lU ie.i'ini;, paity
' p V 1 I t ulctt lllv i I 111 I tut II illlli''
: i 1 lift y. . 1 lb aveii 1 ie. it
1 it l ave any V!iip.ti!.v at ,ol I t
Is . t a'lvt tw i I'v .lb 11 l'i'
' U u liu !, don't :A i-'ii I bo 4
' t I ) It IV 'I I I ICttl'.l',' v.l ll t.'lrf
I
I .1
-.in
r 1 O'iiiLi
t 1 t ti.
-i"lv it a I
t ; ,
All VV, .
1 . M 1
,....,. I
1 1 ! 1 , ,1 1 1
I H d I - ' i
! i I r ; .i U
niii.n' I 1 !
Idl'1,' I I I I !!' I
I I 1 v
. r ! t ' :
k, I
C , . it t!.-
.... 11
tod.
t ..
' n'li!" t
1 ir t t:. s i 1
.i. t 1 1 . 1 1 1 itt
Wk should like brief communi
cations from our friends through
out the state.
Gkt us up a club of four yearly
subscribers and receive this paper
free until January 1, 1X97.
Tin: city of St. Paul is overbur
dened with its public debt of $8,
025,100. Rut the people up there
like the situation, and they are
Mk. G. C. Ham. gives a new
form for the definition of value and
a very good one. 'Value is a rela
tive term used to indicate thn fluc
tnations of supply and demand."
Tiik trust has shut down all of
the sugar refineries in Philadelphia,
and 2000 men are thrown out of
work. Rut they like it and will
vote for it again the first chance
they get.
. Ik 100,000 workingmen in the
United States had their wages
raised and all the rest were driven
to idleness, the magazine econo
mists would call that a general rise
in wages.
Am. the dailies ia the western
cities from St. Paul to Galveston
are trying to galvanize them into
life. Rut the citizens don't want
it. They have just voted to keep
on the down hill road.
Ai Ti.it the votes were counted
the State Journal acknowleges that
the '-official canvass shows that the
pops showed shrewdness" in nomi
nating Maxwell. Refore the elec
tion it had a different opinion.
Thk enormous human skeletons
found in the rocks near Mentone,
wtiile they knock Arch Rishop Ush
er's chronology into smithereens,
piove that other statement in the
IJible, that, "there were giants in
those days," to be true.
Thksk magazine economists say
that "interest is a reward for absti
nence," i.e. one is paid so much for
waiting to gratify his wants. In
deed! How much abstinence do
the Vanderbilts and Rothschilds
endure waiting for their quarterly
payments of interest?
Dr. S hkisskk, the German ex
pert, estimates the gold now in
sight in the South African 'Rand
district at $1,650,000,000, if mined
to a depth of 1,200 feet. If that
much gold is thrown into the cir
culation of the world in the next
five years, we shall see the gold
bugs beaten at their own game.
Ir the money lenders would only
remember that when wages are re
duced to the bare expenses of liv
ing (both urban and agricultural)
that the rent of capital producers
vanishes, as well as the interest on
money invested in all productive
enterprises, tiiey might be persuad
ed that perpetual contraction is not
even to their interest.
Si n vmu S i KW Ait r, who for years
and years has fought the gold biiRS
and the banks with the ferocity of
a Rengal tiger, is commented upon
by the Wealth-Makers as follows:
The silver Kniiil. othcrwinc known an Senator
Stewart, isiloinira very unmanly, cowardly, nllmy
thim; in in-iiiii itiii' bane moliven in and Wall
nlreet control of the men who with-tand bis effort
to in. ili! anew the people' party. Stewart i deter
mined to make free nilver the main platform. tli
-'.oininaiit idea of the party.
Then it wind? up by calling Sena
tor Sti wart "base and contempti
ble." That f.nishes the OKI Man
of the Mountains. He will lie
down and die the moment be s-es
that.
Mi:. Pkk.siox, director of tiie V,
S. Mint, should be branded oi the
toreluad "liar" and turned out of
oitiee. He says that "in order to
maintain the reserve the goern-
mcnt has been compelled to bor
row $i(.ooo,ooii in Knld within,
the past two years." There is not ,
a man of ordm iry intelligent e in I'
the Pnitel States who dm not i
know that that gold w;.; I miowed,
a:ul paid out to pay the expenses!
of tl;e cov tinniiit, tlivre being a!
const int dt lint r'Pftrd every I
month by tin sn iet.it y i f the to .is-
my. Ir iitomirmntal lyirg Pi-;
.:i beat Sat in hinm d.
'l'.n s i-aid th re v.,h , t "inttuu
11" x.ilue 1:1 a wrrit" I imi! pi u t 01
lira U.ir.l, l.tulan I It was dm
fov; fi d that w -ist d .. .iJ. s.'inis
b-cai.H k'u b wear A i t k-
iiivttittd a in. thud wtitit'v 1:1m
'i t-i t mi' I I Ii n l.i I. lit
Johnny IWtd w.uil-'ii I ili.ttie h
Hull, 41. d it.c I Irn. ; .1 t),i-
..nl,!-! t , k 4 t t!. ll (de, J.d.n.iV
Piilii H4s "I mh I Ii, . -i . ....
. I 1M1... u..lt, w!,i Iv .1 - f t
veil.. fi.nl j , H. f t . ' j ti U
i I I len . i . I!
iu'.i df 1 h 4 I li e , .. 1 .11 1.
i:e ..i.t t !..- Pi i ( 1 ! ,uh
n.n I'. ,h t! t 1 . ...,.!
I'.i.tidi ' l.n n 1 i.ili-iv! '.- , '..
. 1 I n i.l t. 1 : ti-. I , ' . 1
1 1 .'1 . . ' v ! i w .1 1 j
I'm 1 4 4 ' 1 . . . 1' , t
pet t'.!-,l .i i'nt v 1,1"
Is a land of "over production''
why should there be such loud ap
peals for charity? Class legisla
tion robs one class and makes them
paupers to make millionaires of an
other. Then these millionaires
bestow a few dollars of their stolen
wealth in charity and are held up
by a fawning public as shining
lights of christian philanthrophy.
How much we lack of civilization
Thkv are going to hang a despera
do named Gay, at Helena, Mon
tana, for killing about half a dozen
men. Now that is contrary to the
teachings of the Magazine econo
mists who all say that too many
workingmen has caused the pres
ent low prices and misery. Gay
was only trying to bring back, the
good times by killing off a few. If
the Magazine theories are true, he
ought to be given a medal, instead
of being hung.
Tom Watson, in the last edition
of his paper remarks that "the
socialists in Baltimore and there
abouts raised a most tremendous
racket during the recent campaign
and polled three hundred and odd
votes. This for socialists, was
doing remarkably well. Generally
the socialisst is a person who makes
so much noise about "platforms"
and "principles" that he forgets all
about voting."
On k of the speakers, an Iowa
gold bug, in the Trans-Missippi
congress said that, "if cheaper
money was good, then the cheaper
the better. Let us make dollars
worth only one cent." Well, if
dear money is good, the dearer the
better. Let us make a dollar,
worth a million cents, so it will take
all the property in the United States
to pay interest for day. Then
prosperity would come sure.
Tin- ' Nineteenth Century says
that the aggreate quotation of the
Witwatersrand gold mining shares
has risen from 30,000,000 to
150,000,000 since last autum.
The quuestion is: How did the
Rritish gold bugs manage to crowd
$150,000,000 worth of "intrinsic"
into some gold mining shares in
so short a time? Did the South
African mining boomers take the
"intrinsic" from the Dark Conti
nent and plant it in the London
brokers offices?
Tur. wages of agricultural labor
ers throughout England was 50 per
cent higher during the half century
after the Black Death destroyed
one third of the people, says Rogers
in his six centuries of work and
wages. That was a direct proof of
the quantity theory of money.
The money didn't die, but remained
in circulation and a greater per
capita circulation raised the wages
of workmen. There is but two ways
to raise wages. One is to kill off
same of the workmen. The other
is to increase the number of dollars.
The wage earners seem to like the
former mcthoi the best. That is
the reason they vote for it.
Thk populist press of this state
is fighting a conflict such as has
never been fought by the press
since printing was invented. It is
at the Valley Forge of the conflict
now. but although starving, ragged
and unpaid, it will, like the patri
ots who followed Washington,
march on to victory in the next
campaign. Only send us a few
supplies to hold the forces together I
for the winter, then when the
spring campaign opens, you will
see such a fight as you never saw
before. Please pay at least pi it of
your over due subscription.
Thk bureau of statistics reports
a shrinkage in exports of over
$ioo,odo,i)i hi for the year. That
is a shrinkage in value of exports,
not in the amount. It takes a very
lare pile of wheat, oats, corn, tot
ton, beef and pork to amount to
$100,000,000 in value at the pres
ent pi ices. That shrinkage in the
value of spoils means the s-hip.
mi nt of that much tuon- gold out
i f this t tmntry to pay foreign in
terest, er an i..u 1 1 bonds to that
aim 11.1t.
Tut spw 1 !n s made in ll; Tt.un
M ,.Mppi 1 on,'!! s wi rc m t at all on
h. h;i- lh.4t tin pepiihslidi v UsS
th. limri. y qui siin.i. 1 r nt.irot
dppreai h t" it was iithe leu tnt'iul.
a i In -. nut e man w ho I e4t.
b a I' w ut -i, I.ut 11 in i . I hi-
lilk ti l .-vv n, nth nlvtl i mine I
.111 I b- i h tjt.l J In out, d if' HIS
.ill ml lush In a p. pnbst, fat b.
w mis l, kn , i i,o. (nut it in . m y
lVM.-i.iiin.iwili.il. t I.l.. i
v. iiii I i !. U en. i i;. it. "III.' !!..
If tl .! . l 5 !. dtllV Is l!l tl'.'l'v V
Ciiii;," a ? 1 -'. ii t t ate ,,i tu.kt is
i 'ii v ! ..t .t ' l!.i .; ' . H
1 1 . bii !. .Jtl t 1 li r .- iv 1 1 1
I J' ili",, I .. ke I t S . s , .1
I I t 14 : . 1 1 ! I, I 1 ! I- v 1 1 ' 1 1 , m
t! t, eililv e .i -t!" 1 ... v . .
ll. 1 S ,, i -, 41. I t!i l . I.'
t 1 I 1 1. vs 1 , ,1 . . I he 1 r . 1 . I i.i
I -I 1 I I 1 1
PEOF. EAEEEE'S .VIEWS, j
The courteous reply of Prof.
Barter to Mr. Ivoach's letter ask
ing what "value is," is given be
low. From the standpoint of such
economists as Francis A. Walker,
A. J. Warner, Prof. Allard, Sir
Morton Frev.en, John P. Jones
and others of the like way of think
ing, there is scarcely a sentence
without an error, while John
Sherman and J. Sterling Morton
would agree with every line of it.
Without in any way indicating
what the errors may be the Injh -I'KNHKNT
asks some of its subscrib
ers to point out what they deem to
be errors, and it will take pleasure
in printing such communications.
The Professor's letter is as follows:
I sjvkhmtv or Nbihihaka.
Department of Latin.
OroveK. linrher, I'rofennor.
Lincoln, Nku,, Nov. 19, 1895.
Mk. G. R. Roach, City:
Mv Dkak Sik You have raised
a question that it is a great deal
easier to ask than it is to answer.
You will will never get a clear
idea of "value" from anyone's defi
nition. You will have to study it
out. The word has so many phases
that it eludes strict definition. It
is only when it is applied in a given
case that its strict meaning can be
given. .
However in economics there are
some general things that may be
said about it. Polititical econo
mists tell us that value depends
upon three things:
1st. The degree of desirability of
an article, which depends largely
upon the ratio of supply and de
mand. 2nd. The amount of labor em
bodied in it.
3rd. The cost of reproducing it:
The increase or decrease in the
value of any commodity will be
found to be, generally speaking,
due to the changed operation of
one or more of these principles.
The value of some things depends
upon all three of the above princi
ples, others upon one or more of
them. For instance the price of
wheat for a series of years will de
pend mainly upon 2 and 3, but its
price in a given year will be de
cided chiefly by No. 1.
A piece of gold, whether the
government stamp is on it or not,
depends upon all three pretty uni
formly, for its value. I
The note of an indiv idual, or of a
government as a greenback for in
stance, does not cost an appreci
able amount of labor, and the cost
of reproducing it is almost nothing.
Hence their value does not de
pend on z or 3, It does depend
upon one, because there is some
writing or printing upon them,
that makes people want. them.
Their desirability consists in the
fact that with them one can get
certain things promised upon them.
If the risks of getting what ' they
promise increase, the desirability
diminishes and the value decreases.
In general decrease the degree
of desirability of a commodity
which may be done by changing
the relation of supply to demand,
or continue to put less labor into
it, or acquire the ability to repro
duce it at less cost, and you will
surely reduce its value and vice
versa. Of course, value or price
of, a commodity, is . what it will
bring in someother commodity, and
it is in this sense that I have been
using the term.
Now probably I have not given
you any light on the subject above
what you already have, but the
question is so complicated that a
letter will not let one get into the
subject very deep.
Very Respectfully,
G. P. 1 1 k r 1, r .
Pki.t. Wn i kh Fisiii it says in
Harvards Journal of Political
Ktonomy for July p. 314 that, "it
is un'air to count that a tin e k dis
penses with the use of money.
Money passe to the xchano tor
, which the ( lit ck vvasi;iveil passr s
l)ii t us n ally as if the thin k did
! nut intervene." Now h i lh- gold
j bug ('.urn lU r peat a few l;nn".
more lli.it the ; p r cent of th
' biisiin s is done with ibciks and
we vh .1 rt .pete money any in. re.
. .
'!l v . 1 a 1 ntury a" is s u;i
l'n,:ii.li v.f ti 1, "cm ty think, r pie
ill. led tint n one c,t4lideil i
d lli i 1 .1 . V WollM lit III-' Hint s-t
liii; in . l!..it tt iM'iii.l tlisphty
.11 I.' I i t .!"p4ll ll e el t IV it. 1 It,
an I tl, it it w. ti'd it Ins .,ppli 1
c -'is I l! '. 1 4 1 . . I . t 1 .it b ,1 ',
I J ti.- V I ', t;( , .,!(., . i , I t',.
1' I ii it.?. ! 1 1 i' 1-
. K . Ll I . t V. I. d lie- 'I !-'
;., a . ?!''-,' t i 1 s n
: . I r I 1 I I ,1 1 ., i ' -' I : " M
, t I 1 f t the ipj . it .1 l! st t
. 11 I 1, .I 1 1 1 i, v 1 1 unit -fit 4'. n '. t
. , ; .. 1 1 ' 1 I i.ttMm S'.li. .It
I
I, 4 I I o'l ' Id. i
;s e , 1 . 1 . I O.'
1 d M s
SILVER WINS AGAIN.
Hon. John L. Webster is for Cleve
land, Carlisle and Bonds.
Omaha, Nov. jS. Yesterday the
Trans-Mississippi congress elected
W. J. Bryan president for the
next year. There was a great deal
of complimenting done--the in
coming and outgoing officers re
ceiving a full quota.
The congress went at the busi
ness of asking, by resolution, for
millions of appropriations. Dur-.
ing all the time since "their
first introduction, no one had
seemed to trouble himself to in
quire where fhe money was to
come from and that subject was
not mentioned.
A resolution asking for an ap
propriation from congress for a
big exposition at Omaha went
through with a whoop' at the final!
session to-day. Then Salt Lake
j vvas selected for the next , meeting '
place and finally, the silver quesr
tion was taken up. J. L.. Webster"
and W. J. Dryan were chosen as
the. representatives of the two sides
and they apportioned out the. time
to the various speakers; Bryan
was loudly applarded in his open
ing five minutes speech.
'. :' Altef others had spoken Webster
took the floor for forty minutes.
He denied that gold had. appreci
ated in value, paid a glowing trib-.
ite to President Cleveland' and
indorsed the issue of $162,000,000
of bonds - Then he. wound up by
reading from Carlisle's recent .
speech to the bankers and paid a
compliment. ... to the patriotism, .
statesmanship and great ability of.
the secretary of the treasury. Jn
referring to those advocating free
silver he was "free with epithets,
ami the words "lunatics,'' "finan
cial madness,'; were the most im
portant ones in his peroration.
Rrayan had only fourteen min
utes to reply and he proceeded to
make the fur fly, amid the storms
of applause for that length of time.
Then the vote was taken and there
was an overwhelming majority for .
the free and unlimited coinage of
silver.
likeg it Very Moch,
Rkavkk City, Nov. 25;
Hknkv Hi ckins, Publisher Lin
coln Indki'kmii-.ni':
Dkar Sik Enclosed find 1.00
to pay for one year subscription
from .late. I like your paper very
much. ; , Yours, ..
; Jamk.s Camkkov.
: Eev. Hall Defines Value.
N i:r.i!ASK a. City, Nov. 24, 'ii;,,
Kihtou Lkncoia Iniii:i'i:mu:m:: lit
your jiajiei 'of Nov. '11,1 was intemsteil
byyoiir correspondence with that'dt-ulty
of . our University relative to vuitio. I
have never given iimi-h atteiition to tins
question "w hat value is?" but if I weie
called upon to dtjline the term I would
say lirst; it is a relative term used to
indicute theiliietuutirtns and of ileinand
Mipjily. It is quite cjiiiumnly and very
e-rounously confused with utility ami
worth. Ah old curio having neither
beauty nor use may lie exm-tliiiojy
valuable bt'eausi" t-xt-mbnglv rare. (Jn
the. other hand tilings having great
utii ty and beauty may he entirely with
out value because abundant. I used to -r.'siile
on the hank of the r.ohUHliu.
river, lis clear lin:id water was very
beautiful ami very useful tut it had im
value whatever. V ht re the hiipply is
eipul to, or greater th in the uVruitiil
there is no value. Applying this princi
plo to tlie t-urrt'iifV, luoiu-y would 11 it
ce if. t) I e tiseftil If It- nhoilld ... it v
value, but it would tin longer draw 111-li-rest.
Tl e.itre tickets aif ulwuys j.
sne.l in ipi intttics eiU4l t .r i;it- i!e
than tlie ih in iinl and per m (uve
V.tluf, li.nvrvt r Unefiil they ii. tj I .- u
pass, s t.i the perl'iriii aiiee.
M-.iu y is nit I nl uh a n. 1 41,1 i.f 1 .Mi
Vetting inn in lu.ire f .ttesef vu- tl'li in
l one cr 4 1'nMi-aiiii i tl.er rtu. . m
We lllti, Ulll V III' Vi'i-.l. ft, I.Mf.l-.es.
Is le.'. .ttlei te I by Vain.' r ive u U n t-Hliii(4H-l
Ibiitby, ilin- 111 1 ;. ;.
ijn Ii t I ill, 1 1.1 c t u-i I ill 1 ,1.
I.'i i I t illy,
b.i.lli .
I.,. T-,
P. J. STEPNRY'S
Old Reliable 0. K. Barber Shop.
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