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About The Wealth makers of the world. (Lincoln, Nebraska) 1894-1896 | View Entire Issue (July 18, 1895)
July 18, 1895.
THE WEALTH MAKERS.
BAY AND DATE MADE.
A- HEEDS THE SILVERITES.
"!. nri.Hllro Ma DUBJ M Wa, TnawuUa
for a Latr Data for the Financial Con
ference No Contest to be Made by the)
Bound Money Hen.
St. Loins, Mo., July 16. The Dem
ocratic state central committee de
cided to-day that there should be
state financial convention and
that it should be held at Pertle
Springs, in Johnson county, and that
the date should be August 6. This is
-a direct blow at the sound currency
men who notified the committee
$ through their representatives, E.
J. Kehr, F. W. Lehman and
U. S. Hall, that they wanted time in
which to make a canvas of the state.
The result means that there will be no
fight for sound money and the conven
tion will go by default.
The vote on the proposition to locate
the convention was a walkaway for
Pertle Springs. St Louis got 3 votes,
Springfield 13, Sedalia IX, and Pertle
Springs 9. Alexander Sherwood from
"the watermelon belt" wanted it held
August 8 and made a motion to that
y .affect. It was seconded bv State flan.
tor Newton Baskett of the Second
district, who held the proxy of Robert
Lozier of Carrollton.
At 12:30 debate on the proposition to
fix the date of the convention began.
Prior thereto the committee announced
that it would extend the time for
r If currei
debating the proposition two and a
hours. Mr. Kehr, for the sound
currency club, said that it was the
intention of the club to make a thor-
canvass of the state if it was
-allowed time, but that was the essen
tial thinr, without which there would
be no attempt to make a canvass.
Congressman U. S. Hall 'made a vig
orous demand for time.
E. A. Barbour of Springfield spoke
for an earlv convention and declared
that "Silver Dick" Bland could fill any
ball in the Southwest at any time on
the financial question.
To this Mr. Hall promptly retorted
that if the convention was called at a
-date late enough for a campaign, he
would meet Bland on any platform at
Representative Tom Buckner of Pike
spoke in favor of a late convention.
Attorney F. V. Lehman urged the
-committee in the interest of the party
-and of fairness to grant time.
Following Mr. Lehman numerous
speeches were made pro and con. The
.contest waxed warmer and warmer
and speculation centered upon what
effect argument would have with the
committee. At 2 o'clock the committee
took a recess until 3 o'clock.
The three dates before the commit
tee for holding the convention were
Juggested thus: August 8, Alexander
herwood of the Fourteenth district;
v.ugust , cam u. ook oi ine runtn
ydistrict; October 15, W. J. Zevely of
-J the Eighth district.
TO STOP THE BIG FIGHT
.Attorney General Crane Construer the)
taw of 1891.
Austin, Texas, July 18. Attorney
General Crane has given out his opin-
. ion in the Corbett-Fitzsimmons fight
-case, at Dallas. The opinion was in
reply to an inquiry from the Dallas
-county attorneys as to whether . the
law enacted in 1891 prohibiting prize
fighting was valid and operative. The
Attorney general, in his opinion, holds
that the law of 1391 was and still is
operative. The attorney general con
tends that "according to the conten-
; tion of those who believe that the
statute against prize fighting is void
on account of its declaration that the
crime is a felony and he punishment
a misdemeanor is applied thereto,
e statute would be perfect if the
word misdemeanor could be substi
tuted for the word felony.
"Following the doctrine announced
in one of our court decisions, namely,
4That the intention frequently con
trols the express language in the con
struction of statutes,' the court was at
perfect liberty to eliminate that word
felony, if such elimination were neces
sary to give effect to the legislative
-enactment It must be plain that the
court belived that the intention of the
legislature was to prohibit prize fight
lng.X If the court further believed
thatthe fact that the legislature
afflxefV the punishment of a misde-
fia&or to the offense of prize fighting
F.-T the word felony was inserted by
stake, it was at perfect liberty to
.regard that word in the construc-
an of the statute.
sk -runner, the validity oi the act m
f-i Question is not affected by the revision
i Nthe code. The civil code passed the
legislature before the penal code did,
and not afterwards. But, notwith
standing all assertions to the contrary,
by reference to the new revised code it
Will be s,een that it specifically states
all laws embodied in the revised stat
utes which were in existence at the
time of its adoption should be consid
ered to be a continuation and not as
"This law being valid, it is the duty
of the sheriff of Dallas county to 6ee
that it is enforced. lie has the author
ity and we will look to him to see that
the law is enforced."
J Sir. Carlisle at Work Again.
Washington, July 16. Secretary
Carlisle and his son, Logan, the latter
of whom has just returned from Lon
v don, where he assisted in the com
pletion and delivery to the Rothschilds
' of $31,005,000 of the recent bond issue,
reached here last night and were at
their desks in the . treasury depart
Famllyof Baltimore Destroyed.
Baltimore, Md., July 16. A valu
able collection of paintings and bronze
; belonging to William Humphrey
Knowels was destroyed in the burning
of hit. handsome liom in TtflltimnT.
f countjf. Mr. Knowles says his art
treasures were the collections of mem
bers' of his family for the last 300 years,
and included besides the naintinirs.
I rare tapestries, mosaics and curiosities
V from all parts of the world. It was
I jf'npossible for him to place a valuation
roughly estimated to be worth $00,000.
ine nouse was insured, Dut the art
collection was not
END OF THE CONVENTION.
The Christian F.ndeanor Gathering; at
Boston Break I p.
Bostost, July It. To-night the four
teenth international convention of the
Y. P. S. C. E., one of the most success
ful meetings in the history of the so
ciety, closed and most of the delegates
will devote the rest of the week to
sight-seeing in Boston and vicinity.
The day opened with an overcast
sky, but it soon cleared considerably.
Consecration was the central thought
in all the score or more of prayer
meetings that begun at 6:30 o'clock and
was the principal subject of the day.
The attendance at all of the morning
meetings was as large as on any day
last week. The addresses of President
George A. Gates of Iowa oollege and
Professor Elbert D. Warfield of Eaton,
Pa., in Tent Williston, were the fea
tures of the morning.
At Tent Williston and Mechanic!
hall, encouraging reports concerning
the religious Ufa in colleges were
made and in . .th the tents and the
hall, the roll of honor upon which was
inscribed the names of the unions
whose members have been able to give
liberally to the cause, was simultane
ously enrolled, These exercises were
accompanied by suitable addresser.
The praise an J song services at the
big meetings wen as they have been
since the opening of the convention,
full of snap, energy and other feat
ures. The aggregate attendance was
The regular noon evangelistic serv
ice attracted crowds of workers who
Joined in the praise with a seriousness
hat seemed to indicate regret that to
diy was the last of the convention.
The largest of these ralliel were held
at Faneuil hall, where tb Rev. Fran
ois . Smiley of Denver, Col., led the
services and in Bromfield Street church
under the leadership of C. N. Hunt of
Minneapolis. The other gatherings
were at the usual stores, wharves and
The address of W. G. Puddlefoot on
"National Needs and Perils" was one
of the most interesting of the meeting.
He said that during the last twelve
?'ars 50,000 people have died by vio
ence in this country and that not
more than five per cent of the guilty
ones had suffered the extreme penalty
of the law. The record of homicides
had risen from 1,467 in 1883
to 9,800 in 1894. In twenty
years over 26,000 children had been
abandoned by ' their mothers in
New York. He attributed the real
cause of so much crime to the scarcity
of churches. In thousands of towns,
villages and communities they had no
church. "Of course," said he, "there
are other eauses of crime. The rapid
growth of the city at the expense of
the rural district is one and it is as
tiue in newer sections as in the old
and it works badly both ways. The
decayed towns have had hard work to
keep up the school and church for lack
of material, and the children go into
the cities which have as yet no room
for thousands oi. children growing up
with nothing but the street education
of the slums. So that to-day the two
points of danger lie on the frontier
and in the great cities."
The Rev. Wayiand Hoyt of Minne
apolis presided over the meeting in
Tent Williston. President William R.
Harper of the University of Chicago
was scheduled to preside, but was un
avoidably absent. The tent was well
filled, about 9,000 people being pres- j
ent, and much lervor was manifested.
After praise and prayer Franklin D.
Elmer of West Hartford, Conn., re
ported concerning the work of the
college Y. M. C. A. in the institutions
of higher learning throughout thf
HAS SKIPPED OUT.
President of a St. Loulg Loan Company
Leaves Creditors In the Larch.
St. Louis, Mo., July 16. President
George J. Porter of the Security Loan
company No. 2, with offices in the Ro
building, has gone to Chicago, and no
one knows when he will return. A re
ceiver for the concern has been ap
pointed by Judge Woods and an in
junction granted restraining the com
pany from transacting business. For
the past three weeks the home office
have been besieged with angry stock
holders and creditors with no one but
womn typewriters and President Por
ter' son to receive them.
H. L. Gray, deputy state superin
tendent of building and loan associa
tions, has investigated, and as a result
a receiver was appointed. It is charged
by Mr. Gray that the funds have been
misappropriated and misapplied.
"Porter has gone to Chicago," said
Mr. Gray, "and I have not the slight
est idea that hi will ever return. If
he does, he stands a very good chance
of having to answer for violating the
laws governing such concerns. When
the last report was made by this com
pany to the bureau of labor statistics
it showed over S6S.00O
reason to believe that the assets did
not reach that figure by many thous
ands, and know that thev am mi nt, t.n
practically nothing now."
ine company has had agents all
over the state, operating chiefly in
towns and villages, although stock
was extensively sold in St. Louis, Mo
berly and Kansas City. Mr. Gray
states that some S30.000 wnrt.h
has been dietributrl.
A Watchman Killed by Robbers.
Cleveland, Ohio, July 16. The dead
body of Tatrlck Coonev. nis-ht watch
man in the' Cleveland and Pittsburg
railroad yards, was found in the river
early this morning. The nose had been
crushed in and-.the front teeth had
been knocked out and the body bore
other evidences of assault. It is sup
posed that Cooney was murdered and
thrown into the water last night by a
gang of car robbers-
Michigan Miners Will Strike.
Ibhfeming, Mish., July 16. The
miners of Ishpeming and Negaunee
held a mass meeting to-day at Union
park and decitded to strike for in
creased wages. Five thousand men
will be out and the 6trike may spread
to other places.
More Laborers Made Happy.
Birmingham, Ala;, July 16. The
Tennessee Coal, Iron and Railroad
company has announced an advance
of ten per cent in wages of 1,500 tipple
men, drivers and outside mine labor
ers in response to a request made by
THE COST OF GOLD.
Judged by the Standard of Coat th Gold
Dollar I Three-t'onrth Flat.
The favorite stock argument of the
advocates and defenders of the single
gold standard is what may be called
"the cost of production" theory.
It runs about this way: First, that
gold is a commodity, the value of
which is governed and fixed by the
same factors which control the values
of all other commodities, to-wit: Cost
of production and supply and demand.
Second, that gold would have the
same exchange value it now has, if it
did not have coinage privileges and
was not used as money. Third, in
Prof. Laughlin's language:
"If this explanation of value be kept
clearly in mind, it will be easy to see
why a government stamp on money
cannot fix its value. The stamp, certify
ing that a gold coin contains 33.23
grains of pure gold, is not all that is
needed to give to the gold an exchange
value; nor is it even an essential. Gold
would have a value even if it were
never stamped. The stamp is only a
convenience to save weighing and as
saying at every use of gold."
It would seem unnecessary to con
tinually expose this absurd theory,
and yet such a course seems unavoid
able, from the fact that the argument
thus advanced is the citadel of the
money power the "last ditch," as it
Noticing, very briefly, the "supply
and demand" argument, it will be
sufficient to state that, for the past ten
years, we have produced an average
"supply of 6,000,000 ounces annually,
while the "demand" for use in the arts
has been about one-half,, or 3,000,000
ounces annually. With no other "de
mand" except that of the useful arts,
gold would be worth less than the cost
of production; but here it is that the
"demand" for monetary purposes in
tervenes, and by affording an unlim
ited market, at a fixed price, for all
surplus "supply" renders it impossible
for any gold to be obtained for use in
the arts at less than its money value,
as fixed by the coinage laws. So much
for "supply and demand."
And what about "cost of produc
tion?" W. F. Kendrick, of Denver, Col.,
says: "The cost of producing one dol
lar, coinage value, in silver from some
of our great silver mines of Colorado
has been so often given at from 35
cents to 50 cents that I give the follow
ing as the, in most cases, actual, and
in other cases closely approximated,
cost of producing one dollar, coinage
value, in gold from a number of our
great gold mines: Since the first of
January the cost of producing one dol
lar in gold from the Independence
mine is 4 cents; the Victor mine for the
past two years, 29 cents; the Port
land mine for nine months, including
heavy development work and new ma
chinery, 30 cents; the Bogart mine for
the month of March, when they first
encountered ore, 5 cents; the Isabella
mine for the year 1894, including the
expense of labor troubles, doing devel
opment work and new machinery, 31 )4
cents. The cost of producing gold in
the Union, Elkton, Moose, American
Eagles, Little Johnnie, Tom Boy and
a number of other mines of the
state, will average with those above
given, tiold is produced from our
large gold mines at much less cost on
the dollar than silver from any silver
mine ever opened in Colorado."
Confronted with these facts, our
gold-bug friends come to the front
with a statement like this:
"Old miners men who have had
from thirty to forty years' active ex
perience in gold mining say that , to
take all the ' money received from gold
mines and place it on one side of a
pair of scales and take all the money
that has been expended in prospect
ing and working unprofitable mines
and place it on one side of a pair of
scales and very nearly a balance would
What nonsense!! Why not apply the
same argument to silver? or fish? If
all the fruitless efforts expended and
time wasted in fishing were com
puted and taken into account in fixing
the price of fish, none but very rich
people could afford to eat fish. And if
the cost of all the labor and seed ex
pended in the fruitless efforts to raise
wheat, in cases where the crop fails,
were added to the price of the wheat
that is produced, to what heights
would the price of wheat soar? There
is nothing in the gold-bug's argument
Kansas City Journal. .
Kentucky Populists Should Ask Silver Men
What They Kxpect from the Democratic
The first meeting of the full county
committee of the New York state
democracy since the election of last
November was held on June 27 at
Cooper Union. It was a sort of rally
to hear a discussion on the free silver
question, by President Charles S. Fair-
child, John De Witt Warner, and
James P. Archibald. The following
resolutions were adopted:
1. That we condemn the legislation which
for a generation has forced upon us an un
Bound currency from the fiat legal tender
greenback to the depreciated silver by whloh
of late our Industries have been paralyzed.
a That we denounce as un-Uemocratio gov
ernmental interference with the standard of
values which commerce has adopted. We
brand as dishonest the surely futile attempt to
give forced circulation to anything, or to dic
tate the rate at which one metal shall be
valued as compared with another.
3. That we can tolerate no compromise with
any proposal to debase the currency of com
merce, in which wat?es are paid, and the sav
ings of which have been in the belief that
equally good money would be paid when the
Investments should become due.
4. That we demand of oongress such modifi
cation or repeal of our present laws as shall
permit our people to provide themselves with
a safe and elastic bank-note currency, thus
paving the way for both greenback retirement
and the relief of the United States treasury
rrom all responsibilities not Involved in its
legitimate functions the collection and dis
bursement of federal revenues.
One of the unaccountable things in
politics is that a lot of Kansas repub
licans who claim to be for silver all
the time are yelling for McKinley,
when they know that the Ohio fraud
has openly declared that he will quit
the party if it adopts a free coinage
I I kdn itted atlthel I
Why Was It
that Ayer'a Sarsaparllla. out of the ereat
number of similar preparations manufac
tured throughout the world, was the only
medicine of the kind admitted at the
World' Fair, Chicago? And why was It
that, in spite of the united efforts of the
manufacturers of other preparations, the
decision of tiie World's Fair Directors was
According to Kulb 15 "Artioles j
that are In any way dangerous or oi
offensive, also patent medicines, ol
nostrums, and empirical prepara- ;
wuuaa waTBaienta are con- o
eealed, will not be admitted to the oi
Kxnoaitinn and thArftfnrA Ol
uecrnu Ayers Sarsaparllla Is not a O
patent medicine, not a nostrum, and not JJ
a secret preparation.!
Seeaut Its nrnnrinrnra hnt nnthlnn tn Of
conceal when questioned as to the for- J
mula from which it is compounded. Oi
jtecaum it is an mat it is claimed to De o
a Compound Concentrated Extract of o
Sarsaparllla, and In every sense, worthy ?
. i i . . ii i . i , . V
mo iiiuursmneni oi wis most important ol
committee, called together for Dasslne Oi
upon the manufactured products of the 2
Admitted for Exhibition
AT THE WORLD'S
Must Fight Indians.
Nog ales, Ariz. Ter., July 9. Gen
eral Fonochio, commander of tne Mex
ican gendarmerie fiscal (border guards),
has received information that in the
vicinity of Frontreras, the scene of the
recent robbery and summary execu
tion of bandits, the Mexican govern
ment has arrested forty residents and
sentenced them to service in the army
campaigning against the Indians in
Yucatan, as a penalty for complicity
in numerous petty robberies and cattle
thefts which have taken place in that
part of Sonora.
Terrific Rain at Peabody.
Pkabody, Kan., July 9. A terrible
rain and 'wind storm visited this town
and vicinity yesterday. Much dam
age to barns, windmills and crops by
the wind is reported. The streams are
higher than they have been for ten
years. The Doval rose about eitrht
feet in three hours and many bridges
are in danger of being washed out.
About a foot of water stood about the
Santa Fe depot and part way up the
main street. Many cellars are over
St. Joseph, Mo., July 9. William
Walker, formerly yardmaster at Em
poria, Kan., for the Santa Fe railway,
but recently with the Burlington at
St. Louis, was found frightfully man
gled on the Burlington track two
miles east of this .city. Two union
cards were, found in his pockets, one
in the Switchman's Mutual Aid asso
ciation and the other in the A. II. U.
The body will be sent to Kirksville.
WiU Fight for Cuba.
New York, July 9. About 300 young
Cuban patriots are making prepara
tions to leave this city with the expedition-organized
by General Collazo
and General Quesada. The refugees
are being drilled in squads of fifty un
der the direction of isulio Castro X
Sylva, who figured in the last revolu
tion. Many of the young men are
members of prominent families in Ha
vana and they are enthusiastic patri
Ball and Steamship Ticket
For rail and steamship tickets at
lowest rates to any part of the world
call on A. S. Fielding, City Ticket Agent
Northwestern Liue, 117 S. 10th St. 49t
Nebraska & Ohio Coal Co.,
Lincoln, Neb., and Byer, Ohio.
Real eitate $31,168.81
hallway and equipments 12,71)4.84
Plant tip houne and aliop 8,0:H.M
Merchandlne and l-'lztnrea M2.08
Mine opening and improvements......... 6,0i8.f4
ipeiiHes and taxen paid 6.7H I 47
Accounts Receivable.............................. 8.418.71
Capital stock sold $41,700.60
llille payable 7,825.13
Due on real estate and railway material 10.0il8.26
Accounts payable ... 2,8:1s 64
Current pay roll 1,082.01
Ktatc or Nebraska, )
Saunders CoCnty, J
I. John A. Reece, 8ccretury ol the Nebrnska
and Ohio Coal Company, do solemnly swear tbat
the toreKolnn is a true statement of the affairs ol
aid company as shown by the books of said
company on the 10th day of April. A.D. 1885, to
the best of my knowledge and bwief.
(Higned,) J. A. Kkecs,
Subscribed In my presence and sworn to before
me this :10th day of May, A.D. 1MI.".
J. U. Rat,
Seal. Notary Public
We tmve examined the abova statement of the
Nebraska and Ohio Coal Company and teller,
the same to be a full and complete statement ot
the affairs of said company.
J. Chase. J
R. O. Lewis, V Directors,
' Val Rice, )
The Baltimore Plan,
now practically endorsed by President Cleveland, is attracting
universal attention because it is based on the evident fact tbat
the currency and banking systems of the country must be re
formed. But is the Baltimore plan a reform? It gives the associated
banks the power to expand the currency and relieve the country.
It also gives them the power to contract it at will and create
universal distress for their own private gain.
It puts the credit of the government behind every bank note.
It donates all but half of one per cent of the profit on the note
issue to the banks, and it leaves plenty of opportunities for a
Napoleon of Finance to wreck a bank and leave the government
to pay the notes.
It leaves the banks free to demand the highest interest that
the several states will allow, and affords no relief to farmers and
business men of moderate capital.
Contrast with this
The Hill Banking System.
In M Money Found," an exceedingly valuable and instructive
book published by Charles H. Kerr & Company of Chicago, and
for sale at the office of this paper at 25 cents, Hon. Thos. .
Hill proposes that the government open its own bank in every
large town or county seat in the United States, pay 3 per cent
on long time deposits, receive deposits subject to check without
interest, and loan money at the uniform rate of 4 per cent to
every one offering security worth double the amount of the loan.
This plan is not an expense to the government, but a source of
It secures the government amply, which the Baltimore plan
It relieves the distress of the common people, which the Bal
timore plan does not.
It protects not only note-holders but depositors, who are un
secured now and under the Baltimore plan would be still
worse off. ' ,
In a word, the Baltimore plan is in the interest of the bankers,
the Hill Banking System is in the interest of the people.
Consider them both, and ask your congressman to vote for the
ttie you believe in.
And send us 25c. immediately for the book." "Money Found
has no equal in its line. Address,
Wealth Makers Pub. Co.,
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Prof. George D. Heron: "I believe yonr book
of songs will be of immeasurable and divine ser
vice in quickening and pervading the great move
ment for the social change which la manifesting
Itself every where among the common people. It ,
will Inspire the people with courage and cheer
and fellowship in the great struggle that la be
Prof. W. H. Ross of Indiana, the great solo
singer of "Ths Van Bennett Nationals Team,"
says: "Have taken pains to rnn through the
work and lyouoance It a grand collection el '
words and a high order of music."
The Farm Field and Fireside says: '-It has
been left to Mr. George Howard Gibson to intro
duce anew tone Into the songs of the party, and
to write a aeries ot patriotic songs which are
hardly surpassed by any In onr literature for
loftiness ot mutive and real merit from a literary
point ot view, while at the same time they are not
at all lacking la the musical quality which must
necessarily be present before any song touches
the chord ot popularity. They are remarkable
for their fervid patriotism and broad humanity.
In fat-t, if the People's party rises to the patriotlo ,
level ot these songs, we have little doubt of Its
ultimate success as a party. The songs strike
the whole octave ot human sympathy. Spark
ling humor, keen wit and biting sarcasm, as well
as ths loftier patriotlo themes, are touched la
turn by the talented author."
Single copies of Armageddon, 85cts.,
$3.60 per dozen. Address,
Wealth Makers Pub- Co-,
Lincoln, Neb. :
sUl draatrlsta sell Dr. Hlles Vm 1i--n
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