,.r'J 1 jyy- .. - i.-;, - ' ' ....... 1 "it. I V i 9 i D VOL. VI. A POPULIST FINANCIAL SYSTEM. Our Exchanges are Asked to Consider This Plan in All Its Provisions. ETTEE THAN OAELISLE'S FLAK The Secretary of the Treasury has pub lished a plan to get rid of what green backs we havt left, and bestow upon batkers alone the power to issue fiat money, money that has no intrinsic value in it, but which, being clothed with the power to make exchanges, they can loan to the people and draw from them for the use of mere pieces of paper an enor mous amount of usury and wealth. His plan is unjust, unequal, uncont titutional. It would be'class legislation of the worst eort. A better plan for providing safef Bound, sufficient currency must be found, and we propose the following: Repeal all laws permitting private cor porations to issue their notes for use as money. Enact a law providing that every state may make and deposit non-negotiable bonds in the United States Treasury in sums not to exceed in the aggregate twen tyflve per cent of the actual value of its taxable property, and that for bonds so made and deposited as security, bearing an annual revenue to the government of cfte-half of one per cent, it shall be per mitted to draw from the Treasury ninety per cent of their face value in coin or greenback dollars, which shall be full legal tender for all debts public and pri vate. By sta te laws that may be enacted such state bonds shall be in quantity dupli cates of county bonds deposited with the state treasurers, county bonds to be issued to provide only what money each county needs, and to be limited also to twenty-five per cent of each county's taxable property, and made to bear to the state one per cent annual interest. For each deposit of county bonds with the State Treasurer the state shall de posit tha same emount of state bonds in the United States Treasury, and the money which shall be advanced on such bonds wiittli be paid directly to the prop er officials of the counties whose bonds are deposited as security with the state. The funds so provided and secured by boads shall constitute the capital for county government banks which shall be ir. charge of regularly elected county (bank) officials whose bonds shall be ap proved in four times the sum the people may have on deposit at any one time. The presidents, cashiers andIirectors of ; these public banks shall be paid reason able, fixed salaries. The counties shall each provide their banking representatives the necessary Bafety deposit vaults, fire proof safes and other needed furniture, blank books, etc., to conduct the entire loan, deposit and exchange business of the people of the tounty, furniture to also include a com plete set of abstracts of titles of all real estate in the county. Tha county government banks shall be j law required to receive all surplus cash which individuals may wish to de posit, and to pay back to depositors the full amount of their deposits, but no in terest shall be paid on such deposits. Loans applied for shall be piissed upon by a board of three bank directors, who must be agreed that the security is worth at least double the amount of the loan desired. Finding the security amply sufficient, loans shall be made on im proved farms in size not exceeding 640 acres, up to half their selling value, at : two per cent peraunum. Oi homesteads in town (lots built on and owned by th parties living on them), minin g towns excepted, loans limited to 33 per cent of their cash value shall be made at two percent. On business property up to 33 per cent of its cash value loans aV two per cent may be made, provided the owner does not possess more than a half block of such property. On warehouse receipts for grain and cotton stored in county, state orgovernmont warehouse, loans at two per cent may be made up to 60 per cent of their market value. Per sonal security for thirty, sixty and ninety days, or fractions thereof, may be taken when notes are signed by three partie? ol good repute, two of whomareestablished John Fitzgerald Dead. Hon. John Fitzgerald, Lincoln's most wealthy citizen, died of paralysis Sun day at 2:30 a. m. He leaves a wife and four children and an estate valued at $2,000,000. It is understood that he left no will, but that he instructed his wife, prior to his death, as to what he wanted done with his property. It is largely composed of real estate and scattered through Gage and Jefferson counties, while our thousand acres are located near Greenwood. He' has something like thirty acres of land almost in the heart of the city. He owned interest in the West Lincoln stock yards and Lincoln hotel, was a member of the firm of I'lummer, Perry & Co., and had a large number of houses and blocks in Lincoln which are rented out to tenants. He has stock in the First National bank of Lincoln, the First National bank of Greenwood and in a bank at l'latts tnouth. He has sUso real estate inter ests in the latter place. in ousiness in the community and pos sessed of ample property to collect the debt by law, such loans to be discounted at one-half to one per cent. Above rates to be reduced to cost o conducting the business when fount? above it, as doubtless would be the cs as soon as all' money came to be deposit ed in the government banks and all loan ing should be done by the people's banks. The above plan, would make losses ex ceedingly small if adopted with al'. the safeguards, profits even at these rates, cut down to perhaps one per cent, over labor cost, would much more than make good such possible losses. The tax-payers would thus be secured by the profits exceeding losses, and by ample bonds against the occasional dishonesty of an official of "their own selecting. The state would be secured against any fraudulent or over valuation of particular counties by a state board of tax rate or valuation equalizers and by the entire taxable property of each county, and the nation al government would besecu'redabsolnte ly in its state loans by the state bonds deposited in the U. S. Treasury. There would be no more money called for (or bonds given) than the people with secur ity judge they individually need to em ploy labor, and if money could be bor rowed of county government banks at rates, say, not to exceed one per cent a year above the labor cost of loaning it, all private money loaners would be driven out of business and their, money would either be turned into more labor-employ, ing capital or directly deposited with the government and so would go into the circulation without enforcing usury trib ute. The volume of money would not be greatly increased by the system we pro pose, because with government banks furnishing money at cost it would draw all money not for the present needed hj individuals to their care for absolute sr curity, and when deposits exceeded de mands bonds could be paid off and can celled. But an amountof perpetual state bonds drawing only one-half of one per cent a year and of county bonds drawing one per cent a year should be kept de posited and not paid on, to suppu se curity to the government for whatever money can be used profitably as capital and is needed in excess of coin to inak additional state charge would be some more than the labor cost of this machin ery of credit, but it would not be a bur den, for it would furnish an income that would reduce other taxation. There would be no interest tax, except the slight one going to the government. Now are there any who wiM object to the above financial system. Yes, the bankers will object to it; all who own bank stock will call it frightfu1 names. It is not in their special interest, as are the Baltimore and Carlisle plans' Were it to be enacted into law the money power would be destroyed and honest la bor would be enthroned. It would pro vide capital at nearly labor cost for those who new must pay from five to a hun dred per cent a year bonus for it. It would prevent panics and periodsof com mercial paralysis and enforced idleness and starvation. It is a just currency eystem that would bring to the masses unheard of prosperity, therefore the classes, the bankers especially, will view it with alarm and will frighten foolc with their cries of, "Socialism!" I)ut-H lor National Alliance. The dues of the National Alliance have heretofore been paid from the State Alli ance treasury. Although the National Alliance expects each Alliance to pay its national dues separately from the state dues. Owing to the reinstatement of so many delinquent Alliances without pay ment of bock dues there is now no money on hand in the state treasury to pay na tional dues, which are 10 cents a mem ber, and must be paid immediately, or our delegate will not be allowed a seat at the National Council. Only such Alli ances as forward national dues will be entitled to the national password, so or ders the National Secretary. Mrs. J. T. Kellie, llartwell, Nib. If our' advertisers do not treat you right, let us know. We want no ''fakes' In The Wealth Makers. Isn't there lomething in our "Three Cent Column' that will profit you? LINCOLN, NEB., THURSDAY,' JANUARY. 3, 18.'5. CHICAGOIANS BUY COAL. LANDS, A Syndicate Formed Which is Said to Have Invested $1,000,000. A coal syndicate formed of Chicago capitalists is said to have purchased val uable coal properties within the past few days. C. It. Kelsey, who is interested in the transaction, is to be made manager of the properties. Thesum paid was said to be $1,600,000 and the deal includes the Vandyke, Sweetwater and Rock Spring coal company properties. The names of the members of the syndicate are for the present withheld. Lee & Law rence, attorneys, have represented the purchasers, but claim not to know who thev are. The details of the transfer were attended to by an agent from Wy oming last week. From a New Subscriber in Colorado, Denver, Colo., Dec. 24, 1894 Editor Wealth Makers: A chance copy of your paper came to my notice some few days ago, and tb able manner in which it is edited and the pointed and interesting letters it contains from some of its contributors, induces me to subscribe, although I am already taking five or six different reform papers, Colorado was in about the same polit ical fix as Nebraska as regards fusion and I am glad to see such able corre spondents as Mrs. Kellie and others sit down on it "with both feet," so to speak If Democracy is bad, then Populism becomes equally so by fusion; and I hope the Populists who again fuse with either old party in any state, or part of a state, will be snowed under so deep they will never again be heard of. Fusion was one of the causes that led to detent in this state. One of the hope ful smut tor a better condition of a com mon people in the future is the great in terest springing up throughout thecoun try in co-operative colonies, there is scarcely a state in the union which has not one or more of some kind of co-oper ative colony enterprise either in success ful operation or in forming and I notice with pleasure that your paper is encour aging this grand movement. Some of the leading Populists of this state, including state senators and rep- organized the Colorado Co-operative col ony to construct a ditch in Montrose county which will irrigate about 30,000 acres, I am told, of very line tend. , This tract is all government land, and can be taken' by members of the colony. Water will be sold to none but members, and, by the -way, I am told they are all Populists. The land will be held and worked by members in severalty, co-operating in all public utilities and distri bution, and any way the members can mutually agree upon. A town will be laid out in the middle of the tract and all members will have a building lot where they can live and go out to their land or farms if they so de sire. Water will be furnished at cost, and all manufocturies will be operated by the company. . , This is a most interesting organization of people and I think one of the most practical of the kind ever organized Mr. J. S. Bartow, a printer and publisher of several weekly papers, is the correspond ing secretary. His little printing otfice at No. 1427 Arapahoe street is a hive of industry, and although a cripple he can do more work than any man I ever saw. Yours very truly, C. E. Smith. THE MARKETS. Kansas City, Mo, Deo 81. Wheat Car lots by sample on track at Kansas City at the close were quoted nominally at follow: No 2 hard, 53o; No. 3 hard. 50 (lilo: No 4 hard, 48$ 49o; rejected, 49 047c No. 2 red, 53i5ly,o No. 8 red, 5)o No 4 red, 41&19c rejeoted, 4847a Sales by sample on track, Kansas City: No. 2 mixed corn, I) cars 4)l,o, 4 oars 49c No 3 mixed, nominally 19 4 W 9 a No. 4 mixed, nominally 39a. No. 2 white, 3 cars lie, 3 cars 40-o, No 3 white, nominally 40c. Oats Were steady though they sold slow ly. Receipts of oats to day, 7 cars a year ago, was a holiday. Sales by sample on track, Kansas City: No 2 mixed oats, 2 oars 31a 1 car 30'ic: No 3 nomlna ly 30o. No 4 nom inally 27J28o. No. 2 white oats, nominally 83o: No. 3 white, nominally 32c Chicago Board of Trade. Chioaoo, Deo. 81 Tha followln? table shows the ran ze of prloei tor active futurai on the board of trade to-day: Dec 29 Op'ndHift Lo'st Wheat Dec K is t2 MH (8 May Gt 5r 67 67 67 July 67K bH'4 67 68 6H CORK Dec 45 4ii( 4f', 45ft 4SvS Jan tSii 4 H . 4iH May 4S 4 47-. 48 8W OATS Dec S at ' :H 28)J Jan iH 28 S 28', 28 , i84 May :l : Mft 81 Pork Dec 11 11 so irsi 1139 n 3S Jan II 37S4 II 37!, U II 35 II 42'4 May 11 85 II fr II 7U II 77V4 11 85 LARD Dec 6 70 6 70 6 7 J 6 70 6 724 Jan 6 7.S 6 75 6 7J 7."i 6 75 May 7 00 7 0) 6Vi'i 6 67' 7 00 H. RIBS-Doc 6 67'i b67 B67H 5 OT-4 5 70 Jan 5 70 5 70 5 '5 5 67 5 70 May 6 0.) 60) 5 95 6 97 4 6 00 Live Stock. Kansas Citv, Deo. 8 1. -Cattle Receipts. 8 263. calves, 85. shipped yesterday, 1,507. The market for steerj was lOo to 2oo lower: cows loo to 15c lower feeders and calves steady: stockers and bulls weak. Dressed beef and export steer $3.2514.75; cows and heifers H 3 50: stockers and teei ers 12.25(33 30; mixed l2.ifB Hoks Receipts, 2. 184; shipped yeaterday. 458. The market was active and 5c to lOo higher. mostly lOo higher The top wai 153 and the bulk of sales were (4.15 to 14 2) against H4S for top and (4 toM 30 for bulk yosterday. LEAGUE One of the Great Saving Organizations of the Oountry. PEESIDEHT SOHUBZ ADDRESS How the Spoils System Woiks The Most Corrupt Men- Become Our j Lawmakers and Retain Place and Power by Means of Bribery. Populists Mast Press 1Mb Reform, The annual meeting of the National Civil Service Reform league wa held in Chicago Dec. 12th and 13th, President Carl jSchura presiding. Mr. Schurz' an nual address is given in the Times of Dee. 13th, in part, and is a powerful ar raignment of the spoils system, He said in part: " "What civil service reform demands is simply that the business part of the gov ernment shall benarriod on in a sound business-like manner. This seems so ob viously reasonable that among people of common sense there should be no two opinions about it. And the condition of things to be reformed is so obviously un reasonable, so .flagrantly absurd and vicious, that we should not believe it could possibly exist among sensible peo ple, una we not necome accustomed to its existence among ourselves. In truth, we can naraiy bring the whole exorbit ance of that viciousuess and absurdity home to our own minds unless we con template it aa reflected in the mirror of a simile. "Imagine, then, a bank, the stockhold ers of which, many in number, are divid ed into two factions let us call them the Jones party and tht Smith party who quarrel about some question of business policy as, forinstance, whether the bank is to issue currency or not. The Jones party is in control, but the Smith men per suade over to their side a sufficient num ber of Jones men to give them the Smith men a majority ofthe next stock holders' meeting.'" Thus they succeed in getting the upper hand. They oust the old board of directors, and elect a new board consisting of Smith men. The new Smith board at once remove all the offi cers, president, cashier, tellers, bookkeep ers and clerks down to the messenger boys the good and the bad alike sim ply because they are Jones men, and fill their places forthwith with new persons, who are selected not on the ground that they have in way proved their fitness for the positions so filled, but simply because they are Smith men; and those ot the smith men who have shown the greatest teal and skill in getting a majority of votes for the Smith party are held to have the strongest claims for salaried places in the bank. The new men strug gle painfully with the duties novel to them until they acquire some experience, but even theu it needs in many instances two men or more to do the work of one. "In the fourse of events dissatisfaction spreads amoug the etockolders with the Smith management, partly shared by mbitious Smith men who thought them selves entitled to reward in the shape of places and salaries, but were left 'out in the cold.' ftow the time for a new stock holders' meeting arrives.. After a hot light the Jones party carries the day. he ticker of directors being elected, off 20 the heads of the Smith president, the Smith cashier, the Smith teller, the Smith bookkeepers and clerks, and they afe re- lacea Dy trne-uiue Jones men who havo one the work of the campaign and are expected to do more of it when the next lection comes. And so the career of the bank goes on with its periodical clmnges party in power at longer or shorter nrervals, and its correspondingly clean sweeps of the bank service, with misman agement and occasional fraud and pecu lation as inevitable incidents. "You might watch the proceedings of such a banking concern with intense cu riosity and amusement. But I ask you what prudent man among you would de- osit hit money m it or invest in its tock? And why would you not? He- cause you would think that this is not sensible men s business, but foolish boy's lay, that such management would nec essarily result in reckless waste and dis honesty, and tend to land many of the bank ollicers in Canada, and not a few of ts depositors or investors m the poor-louse.- Such would bo your judgment. and in pronouncing it you would at the same time pronounce judgment upon the manner in which the business part of our national government, as well asof many, if not most, of state and municipal gov ernments, have been conducted for sev eral generations. This is the spoils sys- em. And 1 have by no means prewented an exaggerated or even a complete pic ture of it, nay, rather a mild sketch, indi cating only with faint touches the de moralizing influences exercised by that V8tiu with such baneful effect upon the whole political life of the nation. "Looking at the financial side of the matter alone, it is certainly bad enough; ndeeu it is almost incomprehensible how the spoils system could be permitted through scores of years to vitiate our business methods in the conduct of the national revenue service, the postal ser vice, the Indian service, the public land service, involving us in indescribable ad minititrative blunders, bringing about Indian wars, causing immense losses in the revenue, breeding extravagant and plunderfng practices in all departments. costinn our people in the course ot ti me ant old hundreds of millions of money and making our government one of the most wasteful in the world. All this, I say is bad enough. It might be called discreditable enough, to move any self respecting people to shame. But the spoils system has inflicted upon the American people injuries far greater than thOHP. , "The spoil system, that practice which turns public offices, high and low,, from Cublic trusts to objects of prey and ooty for the victorious party, may without extravagance of language be called one of the greatest criminals in our history, if not the greatest. In the whole catalogue o! our ills there is none more dangerous to the vitality of our freo institutions. "It tends to divert the whole political uie from its true aims. It teaches men to seek something else in politics dan the public good. It puts mercenary set fishnees as the motive power for political action in the place of public spirit, and organizes that selfishness into a domin ant political force. BR1NOB BAD ELEMENTS FORWARD. "It attract to active party politics the worst elements of our population, and with them crowds out the best. It transforms political parties from asso ciations of patriotic citizens, formed to serve a public cause, into bands of mer cenaries using a cause to serve them, it perverts party contests from contentions of opinion into scrambles lor plunder, By stimulating the mercenary spirit it promotes the corrupt use of money in party contests and in elections. "It takes leadership of political organ izations out of the hands of men fit to be leaders of opinion and workers for high aims, and turns it over to the organizers and leaders of bands of political maraud ers. It creates the boss and the ma chine, putting the bos iuto the place ot statesman aud the despotism of the ma chine in the place oi an organized public opinion. "It converts the public office-holder. who should be the servant of the people, into the servant ot a party or ot an in fluential politician, extorting from him time and work which should belong to the Dubiic and money, which he receives from the public for public service. It corrupts his sense of duty by making him understand that his obligations to bis party or his political patron is equal, if not superior., to his obligation to the public interest, and ,that his continuance in office does not depend on his fidelity to duty. It debauches his honesty by se ducing him to use the opportunities of his office to indemnify himsel for the bur dens forced upon him as a party slave. It undermines in all directions tlio disci pline of the public service. "ft falsifies our constitutional system. It leads to the usurpation, in a large menxure, of the executive power of ap pointment by members of the legislative branch, substituting the irresponsible views ot personal or party interest lor the judgment as to the public good and the sense of the responsibility of the ex ecutive. It subjects those who exercise the appointing power, from the president of the United States, down to the intru sion of hordes of hungry office-hunters and their patrons, who rob them of the time and strength they should devote to our interest. It has already killed two of our presidents one, the first Harri son, by worry, and the other, uarneid, bv murder and more recently it has killed a mayor in Chicago and a judge in Tennessee. "It degrades our senators and repre sentatives in Congress to the contempti ble position ot othce brokers and even of mere agents of office brokers, making the business of dickering about spoils as weighty to them as their duty as letris- lators. It introduces the patronage as an agency of corrupt influence between the executive and the legislature. It serves to obscure th criminal character of bribery by treating bribery with offices as a legitimate practice. It thus recon ciles the popular mind to practices essen tially corrupt, aud thereby debauches the popular sense of right and wrong in politics. "It keeps in high political places to the exclusion of better men, persons whose only ability consists in holding a per sonal following by adroit manipulation of the patronage. It has thus sadly low ered the standard of statesmanship in public position, compared with the high order of ability displayed in all other walks of life. COIUU'l'T C1TV GOVERNMENT. It does more than anything else to turn out large municipalities into sinks of corruption, to render Tammany halls possible, and to make of the police forse here and here a protector of crime aud terror t.o those whose safety they are to guard. It exposes us, by the scandalous spectacleof its periodical upoilscarnivals, to the ridicule and contempt of civilized mankind, promoting amoug our own people the growth of Berious doubts as the practicability of democratic institu tions on a great scale, and in an endless variety of ways it introduces into our political life more elements of demorali zation, debasement and decadence than any other agency of evil I know of aye, perhaps more than all other agencies of evil combined." That Lame ftaem ran be mrrd with Dr. Miles' NKliVE PIASTER. Only 85c NO. 30 Send Us Two New Names - With 2, and your own subscription will be ex tended One Yer Free of Cost. General Van Dervoort. , Omaha, Deo. 24, 1894. Editor Wealth Makers: I quote the following from the Sunday" issue of the World-Herald: - "The Democratic Free Silver League adopted the following silver plank at it June meeting: , "We favor the immediate restoration: of the free and unlimited coinage of gold and and silver at the present ratio of 16 to 1, without waiting for the aid or con sent of any nation on earth." . , Then following that is the claim that Nebraska, Arkansas, South Corolina, Ohio, Kansas, Wyoming, Colorado, Mon tana, Utah, California and Idaho Demo, crats have followed in the wake of the procession led by Nebraska. I desire to call attention to the fact that the People's Party of the United States held its first national convention at Omaha, Neb., July 4, 1892, and adopted the following resolution, which was simply areiteration of those adopted at the conferenceof labor orders at Ocala, Cincinnati and St. Louis: "We demand free and unlimited coin age of silver and gold at the present le gal ratio of 16 to 1." Would it not be more correct to say that the People's Party convention was the real pathfinder? Since that time the Democratic party has, in a Congress elected with one hundred majority fcr free coinage, voted one hundred against it at ratios of 16, 17, 18, 19 and 20 to 1. The real controlling administration end of it has repealed every law in favor of silver. While those who believe that they "can fool all the people someof the time" have declared in favor of 16 to 1 and . then abandoned their party, again re turn, voted the gold bug Republican ticket by thousands- aa they did in all the western states. This class of so-called free silverites are now en erased in a desperate attempt to control the action of the People's Party conference at St. Louis, December 28th and 29th, and try to induce them to adopt a platform that the" revarnished Democratic party will bodily endorse un der the leadership of Bryan, Bland and others. The real pioneer was the People s- Party convention at Omaha, which ha formed iuto line all these states and com pelled the old parties in all the southern and western states to adopt their plat form. .- No Democrat m the south and west and no Republican in the west can win, without declaring in favor of the funda mental planks of the People's Party plat form, and no declaration in favor of free silver will save the rotten built of De morracy or elect any of its defeated can didates. In Nebraska as many Demo crats voted for Majors and Sturdevant as voted for HoIccmb,and t he candidates who were left in the lurch on our ticket can lay a heavy part of the blame on the policy of. mixing up our fight too niucn with democracy. You cannot take men who were former Republicans and vote . them for Democratic candidates, labeled even with the sugar coatof free silver and Bryan. And now you can all see the policy of absorbing the whole People's Party, abandoning its platform and fol lowing into the same camp with the Blahds and Bryans who are seeking to destroy our party and resurrect dead and damned Democracy. , . i Again the World-Herald savs: 'The platform of the siver Democracy will be the platform of 1896." That means of the national Democracy. I for one do not propose to be delivered to Democracy under any guise, name or condition or creed; and 1 hope to live to see it dead,. cremated and buried. Thera is only one road, and that is straight down the middle of the path, with no entangling alliances with either ot the old parties. Paul Vandebvoort. Advert Is ts' Notice. ' The Executive Committee of the Ne braska F. A. and I. U. will soon publish a pamphlet of about 150 to 200 naees containing state and national constitu tions, proceeding of annual meeting, etc., to he furnished free to nnr ttinmliura Tlia edition is to be not less than 10,000 and win oe distributed at once among the most influential farmers in cvtrv nmuitv of the state. To bear the expenwe they win accept advertising trom reliable par ties onlv at f 10.00 T-r muw r (10 HOT- half page. Pages to be about 5 to 7 incnes in size, .in one wisinng to take ad vantage of this address the secretary. MH8. j. i . kellie, llartwell, iNeb. If yom "wast to trade a llttl money and a root bom tor a good piano, ee or writ to J. H. Dob ion. 1120 M St.. Lincoln. Neb. thla la a. im salu joa don't pltk np ererj day. 7