Image provided by: University of Nebraska-Lincoln Libraries, Lincoln, NE
About The Wealth makers of the world. (Lincoln, Nebraska) 1894-1896 | View Entire Issue (March 7, 1895)
- at W kA UM4 M A ft tf ka THE WEALTH MAKERS. March 7, 1895 WW rvt THE WEALTH MAKERS. Kew Berlee of THE ALL1AXCE-IXDEPEXDEST. CcneolldaUoa o( the Fanners Allianct and AV6. Independent. PUBLISHED EVERT THURSDAY BT The Wealth Makers Publishing Company,' 1120 M Street, Nebraska. fliotei Howaid Qimox. .... Editor J. 8. H T TT. ....... ...B al dhi Manager n. jr. p. i. "It any man mnst fall for me to rlna. Then seek I not to climb, another'! pain I eboow not for mj good. A golden chain, A robe of honor, la too good a prlie To tempt my hasty hand to do wrong Unto fallow man. Tbla Ufa hatb woa Sufficient, wronuht by nian'a satanlr for: And who that hath a heart would dare prolong Or add a aorrow to a etrlcken aoal That eeeka a healing balm to make It wholeT Mj boaom owni the brotherhood ot man." Publlahrre Announucmept. Theaarmcripilon price of Tog WmLtii Mit lu la II.Oii per yea", In advance. Amnta In aolicitlng unbacrlptlcma should be Tery careful that all namca are correctly i.pftled and proprr poatottlfa given. Illanka Tor return antiei'rtpUona, return envclopea, ate, can be bud on appiiratloa to thin) ottlce. AijWATa algn your name. No matter how often you write Be do not ueulert till I in port nut imit tor. Every wek we recelya letter with lui-om-plete adilrwwe or without ulirrmiup-a ami It la tometlmrs dittli nlt to locate them. Cuanqk or ADDBKhi. Mubitcriiier wishing to chHDire their poatnfltce addrra muet alwuv ttlve tbelr former aa well aa tbelr preaeut aqdrexi when change will be promptly made. STATEMENT ST CIRCULATION J. 8. Hyatt, Buslnmi Manager, of The Wealth Makera Publlahlng Company, being dnly aworn, anya that the actual number of full and complete coplea ol Tb Wealtb Maier8 printed during the aiz montba end ing October 11, 1M)4, win -211,200. Weekly average, 8.123. Sworn to before ma and enbacrlHed In my preaenca tbla 11th day of October, 18M. LBEAL.J K. J. BORKITT, Notary I'nbllc. Advertising- Rate. , $1.1) per Inch. I cent per Agata line, 14 llnei to the Inch. Liberal illacount on large apace or long time contract. Addreaa all advertising communloatlona to t WEALTH MAKERS PUBLISHING CO., J. 8. Htatt, Due. Mgr. Send lis Two New llames With 92, and your own subscription will be ex tended One Year Free of Cost. BIOH MEN WERE OARED FOR Just before going to press we hear that the beet sugar bounty bill has been carried in the legislature by a strict party rote, the Reps, all for it, the Populists and Democrats against it The bounty voted will amount to from 1 300,000 to 1600,000. 1 The relief bill appropriating f 200,000 for the destitute farmers also passed, . but the bankers took care to allow it only 54 votes, thirteen (18) less than was necessary to make it emergency legisla tion; and so it can not be operative for three months. This will give the bankers a chance to advance the money and com mand big discounts for cash, so robbing the destitute of a large per cent of the money provided for them. The Wealth Makers has no friends to push into office, bnt has always insisted and always will insist, that no mau who is not known as an outspoken Populist and an earnast worker for party success shall be nominated for any position. We want men in office who have no strings to them, otherwise they are no good to the party. We have no use, and there is absolutely no excuse for the existence of a half breed "demo-pop" or half breed anything else, politically. We trust that when the Populists of Lancaster county meet in convention again to nominate men to fill our county offices, they will be wise enough to select men who, if elected, will give the patron age of the offices to the party that put them in power, instead of feeding the enemy. Sheriff Miller of this county who wan elected as a "demo-pop" to the'office which he now holds has each year several thousand dollars worth of legal adver tising which the law allows him to place in any paper that he sees tit. Instead of giving the Populist papers the benefit of it which he ought to have done, he has given it to the various Re publican papers of the city. Th is is grat itude with a vengence, bat is what we may expect and is what we deserve if we allow the fusioniats to dictate our nomi nations. Whom shall we have for sheriff next time? Mrs. Havemeyer, wife of the Sugar Trust magnate, spends $100,000 a year ,1a housekeeping expenses. She keepi sixty servant. The French chief draws salary of $10,000 a year. ABOUT ETJPPLY AHD DEMAND "The question of wagee is evidently a question of demand and supply," says the Review of Reviews. Demand and snpply of what? Labor ers? Whose demand? The demand for laborers ought to equal the need of or desire for labor products. The demand for labor ought to equal the needs of all the people. The question of wages is not a question of supply of workers and demaud of em ployers, but a question of simple equity. Wane should equal the labor product, iraa rar and tear of capita!. Under the present statute-made condi tions people are not allowed to work, or work freely, to produce wealth to satisfy their want, because thosewho monopolize the means of production demaud a profit out of their labor. The demand for labor has thus been limited to a part of the peo ple, to those who own the land and cap ital, and their demand is limited on the one hand to their power of consumption, and on the other to their power to sell at a profit what they wish not to consume, or use. ,The capitalistscannotsell tlieag gregate product at a profit, only as the people they sell it to buy it at a loss. Profit above cost of labor for tbeemploy iug class, must be equaled by loss on the Dart of those employed. And when tne capitalists as a whole fail to consume or draw out of the market the percentage they demaud as profit, from the workers thev emolov. the workers being power less to buy more than the percentage of price of goods which their wages equals, there at once begins to be an overpro duction of goods, or a production that exceeds the purchasing power of those in need and the needs of those having pur chasing power, that is, money. Prices In consequence fall, profits of production cease, and the owners (monopolizers) of the means of production refuse to hire and continue production that provides them no profit. In eousequence the sup ply of labor is made to exceed the demand for it, the needs of the workers not being considered and they being powerless to demand labor one of another, or out of the goods market, from lack of money. There can be no just wages, no equita ble system of exchanges, no holding to gether of the needs and demanding pow er of the workers, no permanent work and steady prices, under a system of produc tion and exchange which requires profit out of the market. Co-operative production to the extent that it is possible restores commercial equilibrium. Under product sharing the workers would only cease work when their individual wants were all abundant ly supplied. No one would have power to prevent production and command the products of others. For example. Suppose a thousand men instead of work, ng for one man, a capitalist, who demands ten per cent profit out of each man's labor, work un der managers of their own, chosen from their own number. Working for the cap italist, managers and all cau buy back, after replacing wear and tear of capital, meeting taxes, insurance, etc., only 00 per cent of what is placed on the market; and the one man, the capitalist, cannot consume ten per cent of the product of a thousand merij therefore there is what is called an over-production; but if the thousand men were product-sharing no product that they would work to pro duce would be too great for them to di vide, and if it were turned into money the money would enable them to buyout of the market'as much, value or labor product equal to what they turned into the market, thus making and keeping their demand for goods always equal to their supply. .And byextendingproduct sharing theglutting of the markets would be completely done away. But product-sharing requires industri al organization, collective ownership of capital, a recognition of equal rights and duties, the putting away of selfishness, the practice of Christian love. Few, per haps, are rg ady for all this. Therefore in dustrial salvation, social order and equnlity and commercial equilibrium must wait. Slowly, gradually, by small bigiuuiugs of intelligentco-operntiou the new order must grow and displace the anarchy of the old. SENATE FILE NOMfiER 76 Senate File No, 76, a bill for an act to repeal the depository law, a law enacted by the legislature of 1891, was passed by the state senate about Feb. J0, the Re publicans all voting for it, that is, for the repeal of the depository law, and tha Populists voting solidly against it. Thedepository law, requiring state and county funds to be deposited for the atate and counties, instead ,of for the treasurers, and interest paid thereon to the entire people instead of iuto the pri vate pockets of their officials, has now been four years ou the statute books aud during that time no party has had the courage to in state or county convention declare for its repeal. Nor has any one upon the stump or through the press during campaigns attacked this law and called for its repeal. The State Journal alone, and during the present session only, has spoken against it. And yet, with remarkable unanimity, the Republicans in the sen ate have voted against it, showing that the Republican County Treasurers' orga nization has not assessed its members and the bankers in vain. . If the house Republicans are as un animously venal and false to the people'i interests as their congeners In the senate the bill will pass and be carried over the governor's veto. And the local and state rings will be provided, as before the Populists in tempted the flow of "oil," with interest on the public funds to run the g. o. p. local and state cam paigns, and so to perpetuate ring cor ruption. That is, if the people do not arise in wrath and again hurl from power the party of plunderers. HOW riY PER 0ENT A830R83- Mr. J. Holt Schooling, a fellow of the Royal Statistical Society of England has published a series of mathematical com putations which ought to disturb the oonsciences of interest-demanders and takers. One penny (not quite two cents) in vested at five per cent and the in terest re-invested at the same rate would in 1,000 years amount to 6,443,000,000,000,000,000 pounds, or five times as many dollars. If in A. D. 1 a penny had been invested and each year compounded at a five per cent rate the total would now in 1803 amount to $146,810,000,-000,000,000,000,000,000,000,000,000,-000. This is equal to 25,000,000,000 globes of gold, every globe as big as the earth on which we live. And this would be sixteen globes of gold the size of the earth for each person now living upon it. The power to command interest, even a very low rate, is the power to absorb, to buy up, at last, every foot of land and de. stroy the basis of liberty. THE MONET QUESTION ANALYZED "The demand for money is equal to the demand for all other things: therefore the money question in maguiludeaiid impor tance equals all other questions com bined." Is the above statement true or false? False. The demand for money is already supplied so far as the lending class is con cerned, and it is also of no importance to the class out of debt, who have enough capital to employ themselves, or them selves and others. The money question is of interest only to the borrowing and lending classes, their interests being opposed. The interest of the lending class is to get usury, and .the interest of the borrowing class is to escape from usury, or interest exactions. . Those who are without land or capital and who are dependent on landlords and capitalists for means to labor productively, are not directly interested in the money question except so far as money might be provid ed to reduce the present monopoly exac tions of landlords and capitalists. Would the free coinage of silver, as the only money legislation, reduce their exac tions? It is not easy to see that it would. Were prices to rise, rents and dividends would . rise equally or more. Rents, and dividends on capital, are al most entirely independent of the volume of the currency, and they drain away a larger sum of the purchasing power and product of the workers than is paid in interest. The importance and magnitude of the the money question is measured by the interest tribute now enforced. The size of the land question is indicated by the rent in excess of wear and tear collected. The magnitude of other monopoly ques tionstransportation, telegraph, mines, trusts, etc., etc. is measured in each case by the dividends they have power to force from the producers. As interest is reduced (unless the pur chasing power of the dollar proportion ately increases) the money monopoly is reduced. As rents are reduced by taxa tion and turned to the government, the laud monopoly will be lessened. As the railroads, telegraphs, telephones, mines, etc., are taken out of private hands and operated at cost for all, the great drain of dividends will be cut down. And all these great monopolies must be fought at one and the same time. The money monopoly can be entirely done away with by a system of government banks of deposit, loan and exchange. But des troy the money monopoly by providing through government banks money at labor cost of loaning and caring for securities, and the present money lords would invest their money in land and make the demand for it greater, so rais ing rents, unless anti-monopoly land legislation at the same time headed them off. So if we bought up the railroads, telegraphs, and mines; the mouey paid foe them would enable those receiving it to organize trusts to control prices still more in many lines of production, and the oppression would not be lessened, if new laws did not reach out and provide for the nationalization of such organized industries as fast as they, got control of prices. Therefore the money monopoly cau only be fought effectually, or with permanent results, by simultaneously legislating against all other monopolies which the money lords by investment can extend, perfect and Multiply. Keep in mind that the oppression of the money power is measured by interest, that privately owned banks are its machinery by which it greatly multiplies the power of each dollar and everybody's dollar to demand tribute, and that gov ernmeut banks are absolutely necessary to provide the people their own credit, money ate t Anything proposed and labelled a Cufv, for the money evils which would not take away from private par ties the power to command interest tri bute, is of no value, or is of rvalue, only to the extent that it reduces the purchas ing power of the sum total of the interest tribute. And it is no protection against oppression to attack only the money monopoly and favor a continuation ol the rest. The life of the money power driven out of the dollar, would pour it self mostly into other forms, and would go on under other names commanding tribute from the wealth producers. As we said before; the present interest tri bute measures the evil of the magnitude of the money monopoly; the rent tribute of land monopoly; and dividends or net profits the oppressive power of other monopolies. And they are all tied to gether. The Fifty-third Congress is dead and no one wiii mourn its departure." It has done nothing for the people, but has per mitted more bonds to be fastened upon us. It has allowed goldbug brigands to loot the treasury, and has voted taxes to build great warships to fight imagi nary foes. In New "fork at the stock ex change "Brokers, old and young, danced like school boys and gave vent to many exclamations of joy." "The Firty-third Congress is dead," was the cry, aud the associated press reports that "The demonstration was the noisest the stock exchange has ever indulged in over an adjournment of Congress. The jubilation was duplicated in the produce exchange, though on a somewhat smaller scale." And when the bankers rejoice it means that they are still in power. When they are jubilant over tha. failure of Congress to drive them from power the' people need to mourn. . The Standard Oil Trust has won a case which shows again its power in the courts. Some five years ago George Rice, an independent oil refiner in Ohio, in stituted similar suits in several states, to dissolve the Standard Oil Trust on tho ground of its being a monopoly. . (Rice was one refiner that the trust did not readily succeed in crushing with "the smokeless rebate.")! Thesnit just decid ed was brought in New York by the Central Labor Union and the courts de cided that the Trust should not be dis solved, holding that it was not a mono poly. Another court decision has settled that the Sugar Trust is also not a mono poly within the meaning of the law. The courts are largely the puppets of the great trusts and corporations. The millers have decided to close down six hundred flouring mills for a time in order to reducestocksand bring up prices to a more satisfactory basis. The con sumer has been paying more than he has considered a fair price, in view of tha extraordinary depression in wheat, for a year or more. If the millers succeed in making the prices still more independent of the cost of wheat the complaining ol the public will become both loud and deep. State Journal. Yes, they will, and they will find out that no party will heed their cry and grapple with the trnsts and giant corpo rations but the People's party. With the tariff the trusts remain, and with the tariff removed, helped by the railroad owners who are also the owners of the larger part of the Trust stocks and mines, the trusts would also remain. The iron and steel kings, Carnegie and the rest, have succeeded in managing the naval committee in Congress, and they recommend in these fearfully hard times that an unprecedentedly large appropria tion be made to build three great plate- armored battleships to guard our coasts, besides a dozen torpedo vessels, and that 2,000 men be added to the fighting navy.' This is all uncalled for and a gigantic wicked waste, an outrageous heaping up of burdens upon the backs of the workers to increase the power of multimillionaires. Later news shows that the number of battleships to be built has been reduced from three to two, which is two too many. "It is a safe statement to make" says the St. Paul Globe," that their are not a hundred men in the Uuion whose fortunes are above a million whose wealth is not the fruit of some use, direct or indirect, of the power of tax." If the Globe in cludes in this statement the taxing which law-made corporate monopolies impose, its statement is true, and it even might go farther and say there is not one mil lionaire whose fortune was not taxed or squeezed out of the helpless workers. And what the Globe fears, 'that our laud will again be bathed in fratricidal war,' all men of intelligence fear. Congressman Hatch of Missouri while the bond bill was under discussion read a letter in the house from Proctor Knott of Kentucky which expresses the prevail ing feeling of apprehension in the minds of men who seeclearly the trend of things. In his letter Mr. Knott 'says: "Now, mark my works, if the inexorable law of cause and effect has not been expunged from thestatnte book of the Almighty unless a halt is called p. d. q., you may expect to see the horrors of the French revolution put on the American stage with all modera improvements, and that within the next decade." There is not "a single plank in the Om aha platform which I do not endorse, and I do not except the sub-treasury plank. There is not asingle visionary or unreasonable demand expressed therein." Senator Allen. We take it all back, if Senator Allen al so said this, and leave him to reconcile apparent contradictions. Weconfeesthe inconsistencies puzzle us still, the first end of the epeech being uncalled for and seemingly impossible if the above state ment was the windup of it. But con sistency is said to be a rare jewel. A writer in the March Forum says: "Profit-sharing has proved one of the methods of solving the labor problem whereever it has been intelligently estab lished and patiently continued." There is no doubt but it has been a somewhat mollifying ointment, being a concession beyond what could be under present con ditions forced from the capitalist. But the workers do not want simply a share of the profits they produce. They want a7they produce. In other words they must have product-sharing not profit" sharing. In product-sharing there can be no permanently satisfactory division which gives unequal portions to the workers. We must believe that "all men are created equal," that all varieties of work are needed and that, it matters not what sort of necessary work one does, equal exertiou deserves " equal reward. Political democracy to preserve itself must lead to industrial democracy, or economic equality. But comparatively few are yet believers in that sort of equal ity. HOW TO GET SEED A "Seed and Feed Grain Association" has been formed in Cherry county and articles of incorporation filed, on a plan which we can heartily commend to each county in the state. The articles and by laws are too long for us to publish, but copies will be furnished by writing to C. H. Cornell, Valentine, Neb. The scheme is to secure stock subscriptions from all local and outside people who havemoney that they wish safely invested. The money paid in for shares is to be used to purchase seed and feed for the needy farmers' security being taken from them for the same. We have looked the plan over and find it is well prepared, and that it will furnish a needed direct eco' nomic method of connecting in safe busi ness relations those who have a surplus with those who are in need. There are no banker middle men to get profits and discounts outof the poor borrowers. We hope all interested will send to Mr. Cor. nell for a copy of their plan, their articles of incorporation and by-laws. Those of our readers who have a dollar or more to spare will find it a safe and helpful in vestment to buy one or' more shares of the Cherry County Association. There is amovementinthelegislatures of the different states to pass laws pro hibiting the display of any foreign flags over public buildings iu this country. But what is the use to pretend aversion to the fluttering symbols of foreign pow er? Flags kept out of sight will not change the fact that we are dominated by and made to pay enormous tribute to foreigners. We and our posterity have had bondage forced upon us by foreign money lords, and the men we elected to guard our interests and liberties have served them instead of us. There is an average enactment of 100 new laws per day in the United States, the great majority being class legislation that destroys respect for law, is oppres sion by law, which leads on toward in creasing slavery, revolution and govern ment reformation, or anarchy and bar barism. With the multiplication of un just laws there grows up a distorted con ception of justice, and a labyrinth of judicial precedents which place justice out of sight and out of reach. Hundreds of millions of four per cent United States bonds were sold by the government to a favored syndicate of New York bankers sixteen years ago at 99, in which deal the Secretary of the Treasury was accused of beingiuterested. Ten years thereafter the government it self was buying them back at 130, or thereabouts.' More millionaire robbers have been made out of and with the help of United States bonds than by any other scheme. Whenever the sentiment in favor of the free coinage of silver takes on strength and threatens to break up a political party and crowd toward the front, an international monetary conference in the interest of silver is immediately proposed, to divide the silver men and gain time for the goldbugs. The game is being played again just now. A silver Repub lican member of Congress calls the pro posed conference "another solemn pow" wow." Public Opinion is to be removed from Washington, March oth, to New York, Clinton Hall, Astor Place. This journal is a truly ideal publication of its kind, Our readers who wish to read all sides and watch the drift of public sentiment, and at the same to keep informed on all public questions at least expense, can not invest $3.00 to better advantage that to send it to the publishers for a year's subscription to this weekly magazine. If the report is true that Dr. Hay in tends to call on the courts to sustain him in officeat the Insane Asylumduring good behavior, and they do it, one man will be provided for as long as the gov ernment lives. There is nothing like a government job if one is safe from others' seeking it. And, by the way, what an argument it is for government employ ment of the unemployed! Fcjnny, isn't it, how old party con gressmen con be so ready to vote for a government electric cable to Honolulu and denounce the Populists for their dan gerous socialistic demand for a govern ment telegraph at home. Government ownership of the telegraph on land is a ropuimt "vagary;" but srovernmen'j ownership of a telegraph under the sei is good enough Republicanism, 1 The applications for the $62,000,000 government bonds recently soldj the agents of the London Rothschilds were in amount $200,000,000 here, and in London nearly $600,000,000. Yet Cleveland and Carlisle secretly Bold the bonds at 104 which the Jew bankers can find such a demand for at something like 120. Matthew Marshall, the financial writer of the New York Sun Bays, "the re cent disadvantageous contract with the buyers of the bonds. .....has merely post poned without averting the catastrophe of a suspension of gold payments which it was intended to prevent." Roane, or sleep forever. Strike (or freedom now or nererl A golden aceptre waves above yom. Strike, II freedom's call can move yon. For those you love, for those who lore you. Gather from each hill and valley. From earn home and hamlet rally. Burst each bond, each shackle sorer; liend each party tie forever. Strike for freedom, now or never! The Chicago Times says, "Aldermen calling themselves Republicans aud others professing themselves Democrats voted together in equal numbers for the twin steals." It was a night of "franchise grabs" and the Times calls these alder men "boodlers and thieves." Crisp, Culberson aud Hitt are the Ame rican representatives to the European Monetary Congress. Hitt of Illinois is a goldbug Republican, Culberson of Texas, is a silver man provided Europe will agree to let him be, and Crisp of Georgia is a mere politician. . Dr. Dowie, the faith-healer, has visit ed Schweinfurtb, the Rockford iinposter who claims to be Christ, and after ques tioning him sharply warned him of his wickedness as a deceiver and blasphemer. Schweinfurth, he reports, was disturbed. Ellsworth, Maine, has elected one Populist alderman. The Populist candi date for mayor came within 270 votes of beating the citizen's ticket old-party combination against him. REVIEW OF QUERENT LITERATURE- The Psychic Factors of Civilization by Lester F. Ward. Prof. Ward has here contributed a book of great value and of profound insight. Iu an a.ge of intense materialism it is wise that the psychic factors in the de velopment of society should to be pushed strougly forward. Ine author is a vig orous thinker who is anxious to find the truth and is not afraid to hunt for it anywhere and everywhere. In the chap ter on the Nature of the Soul the argu ment is very like in someways the thought in Drummond's Ascent of Man. Part I, which deals with Subjective Factors of Civilization, contains some very excellent chapters, anions which we may mention Refutation of Pessimism, Dynamics of Mind, Social Action, and The Social Forces. Part II treats of The Objective Factors, with some strong chapters on Intuition, Female Intuition and The Intellect. But Part III is the strongest and most suggestive part of the book. It treats of The Social Synthesis of the Factors. Economy of Nature, and Economy of Mind is a vigorous piece of writing, espe cially that part treating of Economic Paradoxes. So is the chapter on Socioc racy. Altogether it is a book of vigor ' and strength that will interest any inde pendent social thinker. Published by Ginn & Co., Boston. Price $2.00. The Ethics of Hegel, by J. Macbride Sterrett, D. D. This book is the second of The Ethical series. This series aims at giving a clear and somewhat brief account of the var ious ethical systems for the general reader. It is a series to be highly com mended both as to its object and its sub ject matter. " The chapters on The Relation of Hegel's ethics to Various Systems, and the Chapter in Exposition of Hegel are especially good. Dr. Sterrett is evidently an admirer and disciple. It may be safely said that Hegel's doctrines are congenial to the best and purest thought of life. Genera! readers and teachers desiring to get a clear notion of various systems of ethics can not go astray in this series. Published by Ginn & Co., Boston. Price $1.25. The World of Matter, Harlan Hogue Ballard. This is the first number in The Farm ers' Progressive Reading Circle Course in Natural Science. It is designed for those not acquainted with scientific terminolo gy who want to study mineralogy, geol ogy and chemistry. It is a very valuable book for the farmer and general reader as an introduction to the sciences men tioned. Some of the chapters are on the followingsubjects: Is Water an Element? Fire, Air, Quartz, Carbon, Clay, Potassi um. How to Determine Minerals, etc. Published by D. C. Heath & Co., Boston and Chicago. , Price $1.00 Lights of Two Centuries, Edited by Edward Everett Hale. This book is one of the standard biog raphies and is to satisfy the demand for books on special subjects. Such names have been selected us may be considered representative names in their nature. The biographies are given of Artists and Sculptors, Prose Writers, Composers, Poets and Inventors. The editing is of course good, coming from such a source, and the book is an excelleut one for young people. Published by American Book Co., Bos ton and Chicago. Price $1.40. Primary Lessons in Italian, by G, W. Green, A. M. , This book is on the Ollendorf Method r