The Wealth makers of the world. (Lincoln, Nebraska) 1894-1896, May 03, 1894, Image 1

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    vOL. V.
flu ttm time Intervening between now and
ibeUate of tbit I'riopU-'a lode(endnt State
Convention thlr) and NiiootHtitlnx columnit wtll
he opwn to Um PopultHtMOf tbe sta'eto pro
j)H candidates fortlie ticket of in. and for
Uiiltwl StuiH ftniator, and to show reinton for
Individual trHfrtir. W Khali not hav
iac for anything mora than nume and brlnf
rt-aNom for th choice matin, bwauie w wlb
lo bnar from a itreat many, hr.t no mas iik
ron. If any candidates seem to lie luadluij
whom Mil p-aditr cannot conelntloiiNly mip
l.rl. by all Kiian lt us know why thy ar
KtremmiiHly oblcld lo. Hut let us reMprctoiie
nnovtmr's view, avoid anything- tudliif to
aiHhaimony If it bponllle without aacrlllca
of principles, and hear wllllimly thoite who dlf
f it with im. "In a multitude of counselors
there In afuty." Bat with many to hnar from
each rouit be brlef.-Kdltor Wkalth Makkkm,
For Governor and Can(-resmen.
Nebraska, April 14, '94.
Editor Wealth Makers:
Here 1 my choice for congress:
First district, E. C. Hewlck, Lincoln;
second district, DCIem Deaver.Omaha;
third district, 1). B. Cary, of Fremont;
fourth district, Judge Htark, of Aurora;
fifth district, John II. Powers, Cornell;
sixth district, C. D. Shrader, of Logan
Saunders county Is solid on Gaflln for
governor. V. A. Bates, Jr.
t i.ulce of a Bub-Alliance,
IUa-vmaca City, April 20, '9.
Elite ' Wealvh Makers:
.... Hone Cree k: Alliance, No, 1807, met
In regular session, and responding to
your leaclinr editorial of March 22nd,
requeMtlnsr l?wb of Populists as to who
should be our candidates for governor
and otbur state officers, selected as their
choice for governor, Hou, Joseph
Kdgerton; for lieutenant governor,
Honest John Powers. We also bad
under contemplation Brother Mc
Kelghan if we could got him there; if
not, Edgerton.
H. M. Sawyer, Sec'y.
Choice of Chairman Kdmleten of
tbe Blith.
Eddyville, Neb., April 20' 1894,
Editor Wealth Makers:
Since you have offered the columns of
your paper to publish choices that may
be named for state officers, from a Pop
ulist standpoint, I would name in ray
judgment a ticket that means a tower of
strength, and of which the Peoples
party could be proud, if they should be
nominated and elected. Having perfect
confidence in both of the gentlemen as
to integrity and capability, I would
prefer for governor, J. N. Giflin of
Saunders county and for lieutenant
governor, Senator J. H, Darner of
Dawson county.
Tbe above named men are tried and
true; their official record has proven
them. Yours,
J. 11. Edmistem.
Practical. Representative Men Ar.
Sherman Co., Neb., April 23, 1894.
Editor Wealth Makers:
Your invitation to exchange views is
an important one, and I sincerely hope
our coming tfopulist convention will
act with special reference to fitness of
candidates. We are un Industrial pea.
pie, the masses of Nebraska are laborers,
and it ooours Ui my m!nl that true rep-r-f
ntatfon demaads men from the farm
and workshop, practical men who not
only rympathlite with, but know by
actual experience the trials endured,
and hopes entertained by a majority of
the cltlztini of our great and rapidly
growing state. Names sink Into Insig
nificance compared with th noble and
edurlng principles we have espoused.
Wa cannot all be eteeWul to honorable
oftVe, but every one of us can b a true
and devuted ruirlot and nogreautr hon
or falls to the lot of man. Let our
motto read Tried ami True Men: l'n
tiring Activity, and Victory.
C. 11. Km ..
A Hi ke WlihaHirm NMieil,
Havkukms, Cu , April 21, 'I.
Wltor Makkiw
J heiog huh of your reader have pro
!hmi4 name of their frU'nds far candi
dates tur ta dlflrtU slat plttot'S.
III pup' sum ef my ft,mtt with
tour tniilla
hrgotrnoi-, W. Urgaui ilouU.
al somiKf, Dan, l.auwri anrncy
taial, H, It. ttUi; atu trurtir,
fha. MtwUr) audlU'r, lUiuuiuitd;
wartltu pu!u otUry, ul aiHuivniU ri
sr4 of publio land and hutldlttgt,
l. ( roue, C. H, ire, J. M.Thimtoa.
N Itiuk ajr (iitdt or and If
you dual ihlaa thsy would "take thn
rai," We all know U.mj wwuld U
everything else that Is loose, but
wouldn't they take the cake, too.
But, If you fellows are bound to elect
J. N. Gaflln for governor, I suppose I'll
have to "turn In" and help you, but It
goes "gainst tbo grata to vote for a man
that work i for his living, or earns it In
any honest way. Why, ho has no prl
vate car of bis own nor don't even ride
on a pass, Where are you follows at,
any way? Yours for justice,
Gaflln and Other Proponrd.
Valentine, Neb., April 20, '94.
Editor Wealth Makers:
In as much as many have expressed
their choice for tbe next s'ate ticket
through tbe columns of your valuable
paper, I will now give you mine.
For governor, lion. J. N. Csfllo, of
Saunders; lieutenant governor, W, A.
Poynter of Boone; secretary of State,
Hon. H. O Stewart of Sioux; auditor,
D. Clem Deaver of Omaha; attorney
general, J. W. Kdgerton of Grand Is
land; commissioner publlo lands and
buildings, Prof. W, A. Jones of Hast
ings; treasurer, tbe old veteran, Capt
Harry of Greeley; superintendent pub
lie instructions, J. A, Edgerton, Lincoln;
United States senator S. A. Holcomb of
Broken Bow.
This ticket, a you will readily see, it
scattered pretty well from cast to west
and north to south. And I believe
should tbe ticket receive tbe nomlna
tlon it will be elected beyond a doubt.
Chairman P. P. Co. Cen. Com.
A Second for Onstln and Ithodes,
ORD, Neb , April 20, '94.
Editor Vealtu Makkks:
I have read with Interest In your
columns the suggestions as to a state
ticket. I am not one of those who are
willing to excite a man's ambition and
tben "let him down."
The letter of Hon. W. F. Porter In
terested me. I have wondered why
A. J. Gustlnof Kearney had not been put
to tbe front. As state auditor it seems
to me he would be an eminent success
And the suggestion that Hon. II
F. Rhodes of Valley would be among
the most capable men for secretary of
state, is all right.
I will not d lacuna the other candida'es
named but think these two are eminent
ly capable, iScient and worthy. We
can not afford to nomlnuto and elect In
efllcient men. If the Populists gain
control of the state they must practice
economy and reform; and in order to do
this skill must be coupled with con
science, D. McCall,
(Co. 8upt. of Valley county.)
No Fusion.
Oak, Neb., April 21, 1804.
Kdltor Wealth Makers:
In response to your invitation, 'L? t
u Exchange Views," I would say that I
think it a good idea, otherwise when we
as a party meet in convention we would
bo liable to fome under the lash of the
political bosses, and In that respect
would bo no better than the old parties.
I say let us have men that are true as
steel and that stand fair and square on
tba UiBah plat'oi ui.
Al J may their names be eanvaisad
until every delegate to the State con
vontlon may go there with his mind
made up a to wt the bjst men for
the different otlloi. are, and then work
for the butt Interest of the party,
t would suggeit, for governor, J, V,
Wolfe ol Lancaster; for lieutenant
governor, Hon J. N Giftlo of Saundur;
sevretiry of state, V. G. Bradley of
Nuvkiilt; auditor, Lan MuKyiu,!J
of Clay; at'oi ticy general, J. M. IUuu
of Adam; eummUloner publld land
and buildings, W, P. Purturof Morrlt k;
treasurer, J. 51. Power of Hlt hctHk;
superlnUindk-nt of publlo Irutruntton A.
d'Allemand; fur rvpr. tentative fifth
district, tlon. W. A. Mv Kelghao, and
fur l. H mi n tur, IW. A. Joms of
I do not etal n Uiat ih(a mn are the
bt, but thitj UI laa ha fvund
morf th Watar.
Y'ur for Niwii with na (uiloa In
mint. Giii W, Jor,
GNk.KLKY CrNVIM, Nsh , AprtiSU 'tl
EdtUir VVkai tii Makih-j:
lUIIsvln that r..wh t'ouU b ruvom-
plUhsd by d t)uUf who would M th
nuMt available candidate fur th Pupa
ltU to tuHiilfnU fur governor th fall,
I take the opimriunlly aim 44 me by
((.ilnu4 utt Ii4 ! j
What Prevents Segnlarity of Work and
Commercial Certainties.
Ins quluble Obligations Which Regularly
Cause Failure, Liquidation and
Cessation of Work.
The Cause of Financial Panics.
Wcrirlnt tm'ow, from Tbo Arena, part of
th oiont valnablH art fl which ban apimarnd
forwars In any of the TnaazlniK, an artlcla
ntHId, "TbH i'uuMo of Financial l'aulcn," by
Mr, J, K liMNnntt of M Jyoulu, W shall Klvs
cur roaditr-) m-rn of it lu uoc'fdiiiit 1mum
of True Wba th Makkun, Fri-t. r. the
papira contalntnif what ws print of it and give
them wldMHf circulation potmlbln. Tb wond
an third lntnliiunti will Kotdown to tba hum
of Ujh vl, and will contain nfw ancuruont
ani,truin. ewtoh hakkun J
(Contluued from laxtwk.)
Tbe argument of Bastlat is consider
od the argument par excellence for the
justification of Interest takiog. If that
argument has not proved Interest tak
ing right, political economy has so for
failed to justify it. Tbe wbolo gist of
Bastlat's argument Is reciprocity of ser
vices. Tbe lender docs tbe borrower a
service by allowing the latter to ure bis
wealth, and tho borrower should do a
like service in return. Paying interest
on tho money borrowed is such a ser
vice, and unless tbe borrower pay in
terest, Busliat bold that be returns
nothing or tbe loan. I contend that
tbe argument I- entirely mistaken; that
tbe lender do"S tbe borrower an Inci
dental service by lending him wealth,
but by that vcrv act be does himself a
far greater servlco, as ltU absolutely
necessary to hnd wealth to preserve it;
that the borrower do;s tbe louder a
very groat iorviod by taking Lis wealth,
keeping It for blui, and returning it to
him without deterioration. I have al
ready given a few instances.
Basf at insist, and rightfully, that
money Is not wealth, but tbat we must
cuusldcr real wealth, of which money
U but the representative. But this
entirely disposes of bli first illustration
of sixpences and crowns. If money is
not wealth we cannot use it in proving
tho laws of wealth, If Paul's sixpences
consisted of property which be did not
wUh to use for a year, it would have
deteriorated In value at the end of that
time, acd I submit that Peter or any
other borrower would be doing Paul a
sjrvioe by returning It to him unim
paired at tbe end of twelve months.
In his next illustration of trading a
horse for a ship, Bxstlat introduces a
fallacy which is the groundwork
of his phu.lble but unsound argument
for tbe justification of interest. The
capitalist who actually lends wealth Is
ono who has wealth which he cannot
use Immediately, r which he wishes to
lay by and save for use at tome future
time, He Is one who has enough for
the prcseut besides that which be leads;
lent capital Is surplus capital, as far as
th owners are concerned. Haatlat's
capitalist is a poverty-stricken laborer
who 1 aked to fold his arms and
whistle while another laborer takes
his tools and uw them for his own
benefit. In lending, this condition
never exists, The wealth wbloh Is
borrowed could not have been ued In
production If It had not ba borrowed,
t'u) Ing a roan to lie Idle or to work llh
Interior tool, wktleby the Uho of his
own he might hava done better, I
om-thUig iulW) Irrelevant to the q ue
ttoa of Intoreit. lU-'Ut uses It to
cover up tne rial question at lue,
Publlo policy ha condemned such ac
tion loiig agu. Let u eontdr the ral
eai'lta'uv, the leiuUir ( surplu wealth.
No If II taliat should iy thntauian
afur trading a ship for a turn, look
tho houiHt li live la and wttt-t to b r
row the ship f ir a joar, and that the
man atu traded the hutt for the ihlp
had nituthrf hmi whteh ho at content
to llftt In, and could ci t bin If u tlii
hip for a trar, be iOd It a v Utid
th condition undgr whleh loac a
really made, th mw ship (twavr
wouivl l. juit to no Uo mvKoU'He i
iltlti(T up the hiiu.n a he would bavo
a g'Hht a ho i t tho In, JU would
wtitil ih thin kept for hint a ar with
tmt d Hurt intmf In value. If the man
li4h.lj,.t traded It away should
take thU ship an 4 u (t, aud return It
to tbe own r at the end of a )ar tk
butktrroudlth n ihm It ahould have
beea th if the owner had left It ld!, I
ft v
contend that bo would be doing the now
ship owner a favor. The owner of the
ship would not only be relieved of the
necessity of repairing his vessel, but be
would not have tho trouble of taking
care of It, and would have it In good
order for use at tbe end of tho year.
Tbe man who used the ship would also
be benefited by its use. There would
be reciprocity of services, the require
ment of Buniat.
As to Bastiat's third Illustration. If
Mondor spent his time rind surplus cash
in building a house In which to live, and
be has no other house, he is not in the
position of the lending capitalist. If he
have more houses than be can person
ally use, be gives up nothing In letting
some one else live in one of them. Tbe
house which ha cannot or does not wish
to use immediately is surplus wealth
which Mondor wishes to use at som
future time; and such a saving can bo
attained by letting some ono use tho
property, and, in return for its uho,
keep It in repair. K there were no
borrowers what would Mondor do with
hi extra house? He might close It up
and pty for repairs made necessary by
the ravages of mould, rot, rats, etc.
That is, in Buitiat's Illustration, he
would pay the architect three hundred
dollars per year to keep the house from
becoming a worthless ruin. By giving
the uo of tbo bouse to Valerius for a
specified time, bo , deprives himself,
tben, of tbo opportunity of paying for
repairs upon it, If his other house
should burn, it is truo, be probably
could not gain possession of tbo house,
which he lent to Valerius until the term
of lease expired. It would be entirely
Irrelevant to say tbat Mondor might
lend to somebody else.
Baitiat thinks that, as a first condi
tion of the loar., Valerius should refund
the money paid by Mondor to tbe archi
tect for repairs of the ravages of time
on Mondor's . house. Why should
Valerius refund this money? Bastlat
sas that it is but fair. Wby fair? Is
Valerius responsible for the ravages of
time? Did he make tbe natural law
that bouses and all other forms ef
wealth shall be subject to decay? Do
theso ravages make the house more use
ful to Valerius? Wby, then, should ho
rather than Mondor, boar the brunt of
the law?.Bastlat puerilely tays that the
decay tcours whllo Valerius is in the
house and hence that he should make It
good. Would it not have occurred to a
greater extent if the house bad been
idle? Finally, when the ravages of time
are repaired, who gets the benefit?
Mondor, certalaly. Mondor, thon
should pay the expense of repairs. If
Valerius should pay for the repairs,
thors would have been no reciprocal
service done him for the outlay, and
according to Bastiat's own criterion,
Valerius could not be charged with the
expense. The advantage which Mon
dor has deprived himself of for the
benefit of Valerius Is the measure of tho
service which he did the latter. He
probably deprived himself of the oppor
tunity to ute bis house for a specified
time, should an exigency arise making
It donlrable that he should do so. Vale
rius, perhaps, hat secure p4selon for
a time, and If for this advantage he re
funds the three hundred dollars of
architect hlre-lf he stand between
Major's house and tbe ravages of time
ha wore than repays Mondor. Where,
then, In th excu for tnterei I
taln? Interest In thl case 1 com
monly called rent. Kvry cent oollect
ed for rent 1 extortion for which Vale
rlu iU no reciprocal sorvlo. Jf
Moador 1 paid fur that which he
relinquishes, he ha no rUNt to ak
how much Valerlu 4. It I
a lou fUHiut law that he who ha mi st
ti.'ed (( wialtn I benefited m.t by it
ItastUt Illustration of Malthurla and
! k of earn repeat (ha atna old
faiiay, AUllhuno, a coming to the
lUutlralloa, iuut hate hit sauk ot euro
tolUeon, ! ha mut woik for a
pttunea from day in day la oraVr to
koeu alive, and la tbat cundtUott U
led lolntul hUtvk bf corn to another.
tVtt an lUu.lraiioti of a loaning
caolU'Ut! If t were a eaplaliil ti
would ht uur Uillva r than he
wuhed to u at that tni, and that
' of t?orn would Im Kuiiething which
he would ha saving up to u on at
in falura tlmn when h wUhed to
leiiutit l-llvj ttweutd be torn addi
tional k his present wide, If Jruu
ihctlJ tak thl corn, and it taeatd of
1 Hci tnL e- A' cc u-
a year, when, if stored, It would bo
damaged by weevil, damp and rats, re
turn a sack of fresh corn in its .stead,
he would do Malthurln a favor. Jerome
would at the same time produce corn
for himself, the service would be
reciprocal, and Bastiat's requirement
would be fulfilled.
The illustration of James and his
plane is still more fallacious. It jum
bles together in Jstnes the rights of
capitalist, manufacturer, and Inventor.
Tbo actual, loaning capitalist, as such,
is an idler with more wealth under his
control than be can personally use. He
neither Invests nor produces. To place
James In tho position of the loaning
capitalist, we woold have to think of
him as making a plane every year to
lay by and sell at some future time that
be might live at ease on the proceeds,
Without borrowers to take bis planes,
be would have to store them in some
place to keep them. Bust, rot, worm,
acd mould would vie with one another
in their destruction, so that when
James wanted to sell the plane he
would find many of them wellnigh
worthless. If William should tak the
planes and use them and return In their
stead good new planes, would he not be
doing James a service? James would
have bright now planes when he want
ed to use or dispose of tbem instead of
rusty old ones, as would have been the
case bad the planes been stored. Dae
tlat admits tbat wearing out within a
year is a necessary concomitant of tbe
usefulness ci a plane, If William pays
for tbat usefulness of interest, wby
should ho pay for it again by supplying
a new one in the place of tbat which
was worn out In earning Interest for
James? There Is no justice In James
having the bonefit of the usefulness of
tbe tool and not being required to
stand tbe epene of the wear incident
of that usefulness as well as tbo ravages
of nature.
Continued Next Week
Congressman McKeljrbin'a Letter.
WAHMNOTO.f, D. C , April 21, '94.
Editor Wealth Makers:
I have boon Informed that some of
your correspondents have mentioned
me as tbelr choice for the oftlco of U.
S. Sen ator. I desire space In your paper
to say to my friends that under no cir
cumstances will I permit the use of my
name as a candidate for Senator. My
decision was mado known to some o!
my friends more than one year ago. and
it will not bo changed. This Is no hasty
conclusion; It was reached after a care
ful consideration of my duiy to the Pop
ulist party of our state, which has with
in Its ranks many able and earnest men,
any of whom would do honor to the!
state if elected Senator. The course of
Senator Allen is ample proof of the
fact that the Populists of Nebraska
made no mistake in electing him to the
high position which he now so ably
fills. I have faith In tho Judgment of
our people to again make a wise selec
tion. I thank my friends for tbelr good
opinion of me but I cannot allow tho use
of my name as a candidate for the posi
tion. The condition of tbe laboring
and Industrial classes of our country Is
a loud call to all lover of justice and
good government, to put aside all per
sonal ambition and to make any sacri
fice tbat toe:o necessary in order to
protect tbtdr interests or defend their
rlgdts, I have labored to merit the
approval of the people that elected me
to the potltlon I now hold, and I am
ready and willing to surrender It and
to fight la the ranks a a private If they
d dealre, 1 am ambition; my ambi
tion 1 U do my whole duty, and no
personal cotxtderallua or desire for
oit'elal potltlon wtll tempt me for
moment to allow the u of my name a
a na'orlal catulldate, I should ei pact
other to put ald personal aruMtloe
for the coivmon good, and I ought not
to expert other to do what I would not
b willing to rlo mjtulf,
I aw, Hlr, jour for victory aud right,
W. A. Mi 'Ktit.iUN.
Head your nam a'td adJr tn a
pmUl card f"r Information rvi aiding
thU ntrprl. You way Ucowe a
charter member and socum houie and
permanent employment without luonoy,
A s'art foe a New ad Nobltr Ctvlll.a
ti'. Til a CoMlNtf NATIOM,
GrHnburg, Indiana
Use Northwestern Una
Low rates, lat train,
to I'ht.atK
Ottloe 1134
NO. 40
Dolnic Wonder Disseminating
ALMA, Neb., April 2.1, 18!i4.
Editor Wealth Makers:
Enclosed find $1 00 for which you will
please credit me with ono year's sub
scription to The Wealth Makehs.
It has got the right ring to it, and is
doing wonders In the dissemination of
economic knowledge '
May its power for god never grow
ess. Theodore Mahk.
County Clerk, Harlan Co.
Would be Lost Without It.
Wood Lake, Neb., April 17, 1894.
Editor Wealth Makers:
I received notice some time since of
the expiration of my subscription to
your excellent paper. Have been
waiting for the good prosperous time
to come, but it delays. Indulge my
delinquency for a while, as I would be
lost without the paper. And have
Brother Powers acd bis co-workers be
active in farming the farmers as we can
use them to good sd vantage In the
coming fall and in 189(1 If we bava a
bountiful crop. Yours,
J. M. Callew,
The Htate Paper Their Pride.
Bkkkdict, Neb., April 21, '94.
Editor Wxalth Makers:
At an Informal gathering of a fsw of
the faithful In my office this afternoon,
wo raised tbe enclosed f 4.20 to send
your excellent paper to tbe names en
closed. In tbe past three year, I have bad
tbe pleasure of sending a number of
names, as subscribers to our state paper
and I have never had a kick from any
one. Tue Wealth Makehs Is our
pride and joy. A lust cause never fails
we are sure to win, tbe nesulng of a
new day Is at hand, people are rolling
oyer on their bard beds and waking up.
We have only to keep a solid front,
stand to our principles, put up clean
men and the victory Is ours. We are
heartily In sympathy with you and will
all do what we can to extend the circu
lation of your paper, Rsptctfully,
job hoover. Joe Talbott.
J. W. Huff. H. C. Gkavks.
iead From Maine to California.
WiNTHnoi', Me , Aoril 23. '"M.
Editor Wealth Makers:
Through tho klndne.s of some friend
I have received several copies of your
valuable paper and have tburoughly
perused your sheet with a great deal of
satisfaction, and have placed copies In
the bunds of others, where I trust good
seed may be sown wi h beneficial re
sults. The principles you expose fully
meet my approval and should be cordi
ally received and accepted by the wealth
makers of this land today.
Never to my mind has there been a
time In tho history of this country when
tbe laboring people were so sorely de
pressed as at the present They should
arise In the majesty of their right and
strike at the ballot hos for the rights
guaranteed to them on the ba'.tle field
of our father, .
For nearly 10 years I have believed
in the oaue yu so ably represent, I
have constay stood for Its advance
ment In a community where It seems a
great opposition exUti as anywhere on
thl cootlueot, fighting for the oppress,
ed, single handed and alone. On thl
platform 1 shall llv and die, remember
ing those memorable words uttered by
that famous orator, Pa'rlck Hnry, la
the old Virginia court houe; ',tirt
tot iit ethttt Ktty tfc, e,f at fur me,
f in me li&trtit $r git me aVii.M hope
for the dawning of brighter day. 1
trust tho time may suea come when the
laboring el tf thU land may throw
of! the galling yoke of political tyranny
and stand like a noble yvomaoiy in the
uutlght uluuitvtiolpUd trtwd on
t'overty a'oae prevent my engaging
s'.llt iur hChnly In th protmnloa uf
of the people' ea. My villi fod
wfcUe my pockol b-wk I lean WUh
tig you aVadant uecv, aud that
leury will r I m perch ciHa our
banner. I am very truly your,
J, 11. Towafcy,
The AUI-vn'tf lnilo'il'lt.t uf Nob
k,, one of h best tVp. list per lu
the country, hat cbantrcu it name ta t
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