The Wealth makers of the world. (Lincoln, Nebraska) 1894-1896, July 25, 1895, Image 1
VOL. VII SO MOVES THE WORLD. "We ileep and wake and sleep, Out all thing! more; The Ban flies forward to his brother Son ; The dark Earth follows, wheeled in her ellipse; And human thinga, returning on themselves, More onward, leading up the golden year." Hoke Smith will speak in Georgia on "sound money." Mies Susan B. Anthony is in favor of bicycle bloomers. Chinch bugs have appeared in almost every county in Illinois. Four babies at once in one family, that of Mr. Rankin of Pittsburg, Pa. Minnesota and South Dakota had the heaviest rain in years July 18. Indiana has had a soaking rain. The crops were in a withered condition. M. Stambuloff of Bulgaria, attacked by assassins, died of his wounds July 18. The strike at the Sharon Iron Works, Pa., won a ten per cent increase in wages. No national silver party, is the decision of the . recent conference of the silver leaders. The fear of a committee of investiga tion is making the Illinois boodle legisla tors sweat. Quay and Cameron are no longer on top in Pennsylvania. Governor Hast ings is boss now. The nine men imprisoned in the Pe wabic mine at Iron Mountain, Mich., ' were all rescued alive. Five to 20 per cent increase in wages has been given the 700 employes in the Oswego, N. Y., worsted mill. An artesian well only 45 feet depth and flowing 100 gallons a minute has been struck in Brown county Nebraska. Eastern Iowa was swept by a destruc tive storm July 19. Hail and violent rain leveled crops m a large section. Hull House settlement at Chicago is having a $12,000 property addition built in the shape of a children's buflding. Jerry King of Alabama while visiting the United States Treasury vaults July 19, as a sightseer, had his pockets picked of a gold watch and chain. Wages in the woolen mills and worsted industry of Rhode Island have been or are about to be advanced from 7 to 12 per cent. There is a wide spread revival of in dustry and something like a ten per cent increase in wages generally reported. Railroad stocks have risen from five, to fifteen per cent in six months. The Lehigh Coal Company sold f 6, 000,000 gold bonds in London July 17, and the Lehigh Coal and Navigation Company $1,000,000 collateral trust bonds to foreign bond brokers July 18. Mrs. Stanton is enthusiastically m favor of bloomers. Shesays: "Women's legs are much more graceful and pleasing to look at than men's, so why should they not expose them if they care to do eo?" Seventeen horses were sold in New York July 15, for a total of $108,300. One of them, Hastings, bringing $37,000. August Belmont was the purchaser. An other horse, Keenan, the great stake winner, brought $18,500. The Fox River Illinois and Wisconsin paper mills are all closed by reason of an order from the government which is occasioned by low water. Navigation rights conflict. The losses by stoppage of mills are immense. Edison has invented a bicycle spring which may be wound up by the extra momentum going down hill, or by in crease of pedaling force, and the spring will propel the wheel 1000 feet on the level, or less in ascending. As a force etorer it should have considerable value. Mr. Roosefelt is enforcing the Hill Tammany liquor law, which they had made t, hold as a club over the saloon keepers to control their political sup port. Mr. R. is giving the nation a con vincing object lesson to the effect that any law not only ought to be but may be enforced. The Baltimore and Ohio railroad has built an electric locomotive that has been tested by pulling 26 freight can loaded to their full capacity and two ordinary engines added, a load of 2,800, 000 pounds. Only a part of its power was made use of. When the electrw engine was taken off it required the two steam engines to draw the train. Rev. John Whitehead, pastor of the New Jerusalem church at Allegheny, preached against bloomers recently, from the text in Dieut. 22; 5, which says: "There shall notbethegarmeutof a man upon a woman, and a man shall not wear the garment of a woman, for an abomination to Jehovah, thy God, is every one doing these things." The preacher also argued against woman suffrage from the text. We notice that political papers are say ing more about religion these days than formerly and that the religious papen ,are saying more about politics.. This tendency should be encouraged. If poli 1 tics and Christianity are allowed to be kept separate the devil will look out foi the rest. Cedar Rapids Republican. PEOPLE'S TICKET St AN ED Bfassachusett Party Reaffirm the Platform Adopted mt Omaha Boston, July 17. The People's party convention held a meeting in Arcade Hal today and nominated this ticket: For governor E. Gerry Brown, Brock ton. Lieutenant governor Thomas C. Bud dington, of Springfield. State Treasurer Dr. M. W. Moran, oJ Boston. Secretary of state Charles D. Nash, ol Whitman. Auditor Andrew H. Paton, of Dan vers. Attorney general B. 0. Winn.of Green field. . The platform reaffirms that adopted at Omaha and pledges the party for an invariable dollar, free coinage of silver at 16 to 1, without waiting for other na tions, sworn returns of personal pro perty and uniformity of taxes, municipal or national control of all monopolies, state management without profit of the sale of liquors in cities and towns that shall vote license, published record ol legislative debates and for all reasonable demands of labor and equal rights ol suffrage. There were 164 delegates in attendance and several lively wrangles over sections of the platform. BIQ PHOSPHATE TRUST FORMED Millions of Dollars Represented in The Combine J net Perfected New York, July 17. A big combina tion of all the phosphate companies in this country has been in progress for several months, but the knowledge reached the public today for the first time. Alillions of dollars' worth of pro perty are involved in this proposed trust and the effect will be felt by every farmer in the country. The only like combina tion in the world is the English syndicate, at the head of which is Colonel North, known as the "nitrate king," which con trols the immense nitrate fields of Chile. American farmers depend principally on the phosphates found in Florida, South Carolina and Tennessee, and now these diggings are to be taken over by a big trust and the price raised. This big combination has been engineered by Dr. Otto A. Moses, of this city, who owns large phosphate beds in the south. Gug genheimer & Untermeyer, of this city, are counsel for Dr. Moses and for several of the phosphate companies. An Outsider's View of Our Gas Bills We read in a paper that the price of gas in Chicago is $1.25. Considering how easy it is to get coal to Chicago, and the low price at which it mav be had anywhere in Illinois, it appears to us an outrage that so exorbitant a figure should be demanded. In few cities where one private corporation furnishes light, heat, power or water are the rates as low as they ought to be. The drift of senti ment on such matters is toward the pub lic ownership, and until that shall be the rule the people will be more or less res tive over rates, rules and exactions. Los Angeles Record. ' Alliance Resolutions Whereas; The purification of politics is one of the declared purposes of our order which we have pledged our sacred honor to labor to accomplish, and, Whereas; We believe that the forming of rings and combinations for the pur pose of controlling and dictating party nominations is dishonest in principle, peniciousin practice and the fruitful source of political demoralization and corruption, and, Whereas; We believe that the men who enter into such combinations in order to secure the spoils of office are unscrupu lous and mercenary, and therefore un trustworthy as public servants, therefore be it Resolved; That we, the members of Polk County Alliance, in regular meeting assembled, express our unequivocal and unqualified condemnation of such disre putable political methods and pledge our selves to do all within our power to de feat the men who adopt them, and be it further Resolved; That a copy of this resolu tion be sent to the Shelby Sun, Polk Co. Independent, Headlight and Thb Wealth Makers for publication. r Some ol The Rich Men of New York "It is easier for acamel to go through the eye of a needle than it is for a rich man to enter the Kingdom of Heaven." We do not understand this passage of Scripture to apply to Boston, certainly not to some people we know in Boston, but the secretary of a large charitable society in New York City writes us that he took the New York Tribune's list ol rich men and sent to four thousand of them, a request for aid, the result being that one respouded with a contribution of one dollar, and the experiment cost the society neslrly $200. In view of this result ire think be ought to be glad he got his hatback from that congregation. Our Dumb Animals, Boston, Mass. Headache bad? Get Miles' Puln Pill. LINCOLN, NEB., THURSDAY, JULY 25, 1895. Usury From an industrial point of view there are but three things in existence, land, labor and money. Only two of these can bo monopolized, land and money. The frnit of monopoly is profit (inter est or rent in some form.) Profit is something for nothing, other wise It would not be profit. Labor (effort of all kinds) cannot, as a rule, make a profit, because it comes into direct competition with all other labor, with the result that it can only obtain a living return for its efforts, which is not a profit. Rent, interest, or profits can be added to capital (a livingcannot),consequently they give power to the profit taker to add continually to his tribute-levying capacity. Such power increasing in geometrical ratio is bound, ultimately, to absorb all products (the increase of which is confin ed to the arithmetical ratio), because, ultimately, all debts are paid with pro ducts. To destroy monopoly we must have universal competition, which means universal access to the use of land and money, on equal terms. The government the people must ab sorb all profit. Let us keep the object we are working for in clear view, and we will never get side-tracked, or lose valuable time. How Do You Like It? A rapid fire gun, weighing but 45 pounds and capable of firing 050 bullets of large calibre every minute, such as has just been tested and approved at Sandy Hook, fills a long felt want. As an attachment to the recent decision of the United States Supreme Court, touch ing railroad riots, it fits like the paper on the wall. New York Commercial Advertiser. How do the working people like that? They are only fit for food for guns that Bhoot 650 times a minute and . to vote for the old parties whose mouth-pieces thus tell them of it. These plutocrats aie getting bold as the implements of murder in their hands are perfected. The Supreme court, and Pullmans and Came gies are their especial pets. If the work ing people sleep on in their dream of good times and justice they will find one of these guns at their heads unless thay obey their masters. J. A. Wayland. If you are in Lincoln before August 'I ft you can buv shoes one-fifth off at the Foot lorm Store, 1213 0 St. The Land Question Reformer: "Well, Mrs. Flaherity.Isup' pose you are thankful that we have suc ceeded in closing all the saloons? Mik will be bringing all his money home non instead of spending it for liquor." Mrs. F.: "Ah sure indadeits thankful am Sor, barrin' that the landlord hai raised the rint on us bekase of the in creased reshpictibility of the nighbor hood, he says, an' so we we'll be aftei movin' away to some place where there'll be something left over from payin' the rint to buy bread and clothes for the children." For cash, J off nil tio )tw ami shoes. Webster & Rogers, 1043 O .St. Prince Ferdinand Not Sorry. Cablsbad, July 23. The conduct ol Prince Ferdinand of Bulgaria since the murder of Stambuloff, has caused much scandal. He feels, or affects, a gaiety which is simply revolting under the circumstances, so that the indig nation of the public here threatens to find unmistakable expression. He is reported already to have been hissed by a crewd of Carlsbad visitors. Stacks Struck by Lightning. Newton, Kan., July 22. A great tain storm oocurred in the northern part of this county last night. Near Hesston lightning fired the oat stacks of Farmer Cummings, destroying his crop, about 500 hels. Buy your dry goods and shoes of II. R. Nissley & Co., 1028 0 St. A a Polytechnic School. Lincoln, Neb.Sly 22. The West" ern Normal college, it is stated on rather reliable authority, will be opened next September as the Lincolm Polytechnic institute. It will beunder the direction of Wm. II. Chancellor. He is but 28 years of age, but hi i been thoroughly trained and is of scholarly attainments. Outside of Chicago and St. Louis and this side of the Rockies, this will be the only school of the kind. Mr. Chancellor will have exclusive charge and will bring some of the most successful teachers from the east to the new institute. I'inancial sup port of a high character is ass 1 red. Here You Are Save Your Monpy Bring this notice to the Chicago Cash Shoe Store 1016 O street, and I will take it for 10 per cent on any purchase, if you buy $2.50 worth. 1 will pay 25 cents for notice or 10 cents for every dollars worth purchased. M. II. lirown, 1016 0 St. A safe, simple, and effective remedy fot Indigestion is a dose of Ayer's Pills. Try the Pills and make your meals enjoyable. .... - . r and Against fr'ree Coinage I The great debate on the money ques tman now in progress in Chicago is attract ing unusual attention among all classes. Both sides have prepared a statement of their case which we present herewith. AGAINST BIMETALLISM. 1. The standard of value should have the highest degree of stability in the con ditions affecting itself. This gold and silver has not. ' 2. Where the standard of payment is comparatively stable, like that of gold, exchange of goods is practically made without the use of gold except for very small fractions. Sixty thousand million dollars of values were exchanged for clearings in the United States in 1893 with almost no gold used. 8. Free coinage at lGtol is silver, monometallism. 4. With free coinage of silver at 16 to 1 there is a present premium of sixteen ounces of silver for melting every ounce of gold coin, therefore gold would dis appear as money. 5. Free coinage of silver would raise prices and lower the purchasing power of wages and salaries. 6. Free coinage of silver would intro duce a depreciating and varying stand ard like that of Mexico and India, and our trade would be equally unstable with theirs. 7. Free coinage at 16 to 1 would largely reduce, if not cut in two, the value of all savings deposits, building loan deposits, life insurance and the like. 8. The direct evils of free coinage would be largely escaped by bankers and shrewd business men, and fall upon the mass of the people i. e., wage earners, salaried employes and persons of mod erate income. 9. Under freecoinage of both gold and silver in the United States we have al ways had an alternating standard, either of gold or silver. 10. Gold has been the standard of prices in the United States since about j.634; except in the greenback period, 1861 to 1879. 11. The production of gold since 1850 has been the greatest in the history of the world. 12. The most enlightened nations in the world have chosen gold as the rul ing standard. 13. Measured by wages, gold has not only not appreciated in value in the last twenty years, but has depreciated. 14. Wages in silver-using countries are lower both in money and purchasing power than in gold-using countries. 15. Any one government alone cannot rehabilitate the value of silver. 16. Changes in prices of cotton in re cent years have been caused by produc tion out of proportion to consumption and independent of either gold or silver. 17. The decline in the price of wheat during recent years has been due to new sources of supply, mainly in foreign countries, reduced cost of transportation and labor-saving devices. 18. Most farm products have main tained the high prices of 1873, while articles which farmers purchase have largely fallen in prices. 19. Tampering with the standards, rendering the future kind of payment un certain, makes high the interest rate to the borrower and makes it difficult to negotiate loans. Free coinage of silver will work to the detriment of the bor rower, . 20. Given a certainty that the pro posed free coinage of silver would be realized, lenders of money would hasten to collect their claims. Millions in securi ties now held by investors, both foreign and domestic, would be thrown on the market. The panic of 1893, with all its disastrous results to trade, manufac tures and industries, would be repeated with aggravated intensity. For the peo ple of the United States to adopt a pro position so ruinous would be the height of folly. 21. For nations and for individuals "honesty is the best policy." FOR BIMETALLISM. 1. Silver and gold at about the ratio of 16 to 1 have been used jointly for hundreds of years with satisfactory re sults. 2. Seventy-five per cent of the people of the world now use silver money ex clusively. 3. The cost of mining silver has been understated by the gold standard men. The best authorities say that it has cost more t6 produce a pound of silver than a pound of gold. 4. Gold can be hoarded by a few capi talists and the world suffers. With two metals as primary money (gold and sil ver) this could not be doue. 5. The supply of gold is inadequate to the needs of commerce. 6. Gold does not increase ns fast in proportion as does commerce. 7. While in 200 years there was under free coinage a variation of only about one point, in twenty-one years under demonetization there has been a varia tion of 16 points. 8. The decline in the market value of silver has been mainly caused by its de monetization in 1873, and in the years following, and the fall in prices of most commodities in the United States is due to the demonetization of silver in 1873. 9. When silver was demonetized, in February, 1873, silver as measured in gold was at a premium. The argument of depreciated silver could not then have been made. 10. England, by her possessions in Africa and her stealing of territory in Venezuela, controls most of the gold supply of the world and gets the balance by reason of the world owing it to her on gold notes and gold bonds. 11. Except some silver production in Australia, England produces practically no silver. 12. The United States produces from one-third to one-half of the silver of the world. She certainly has the power to control the silver market, and yet she has not only not resisted England's re peated attacks on silver, both open and covert, but has assisted that nation in the discrediting of silver and the lower ing of its value. 13. All single gold standard men whose opinions have been published agree in the statement that if the nations of the world or if England alone would cousent to an international agree ment, the ratio of 16 to 1 would be easily sustained. 14. It is vain to hope for help from England in the effort to restore silver to its former position. As the great credi tor nation she thinks it is to her interest to make money scarce and dear. ' (See Gladstone's speech of March 1, 1893.) 15. Only 4 per cent of the business ol the people of this nation is carried on with foreign countries. It is better to legislate for the 96 per cent of domestio commerce than for the 4 per cent of foreign commerce. 16. The constitution of the United States gave power to congress to coin money and to regulate the value thereof. Said Daniel Webster: "I am certainly of the opinion that gold and silver at a ratio fixed by congress constitute the legal standard of value in this country, and that neither congress nor any state has authority to establish any other standard or to displace the standard." 17. The reduction of the quantity of primary money reduces the price of labor, property and commodities. 18. Property measures its value in money and money measures its value in property. Money may increase in value by reason of its security. When this is the case it buys more property, property buys less money. 19. It is absolutely certain that leg. islation which reduces the volume of money one-half by depriving silver of its monetary function depresses prices and enhances the power of the remaining half. As the strain upon the remaining half increases this process is liable to go on until values are so reduced as to pauperize mankind. - 20. The United States has reduced its debts from $2,700,000,000 in 1869 to $1,000,000,000, yet it will take under a gold standard as much of our property to pay the $1,000,000,000 as would have paid the whole debt in 1869. 21. There are but $3,900,000,000 of gold in the world. If this could all be inclosed in a solid cube it would be less than twenty-two feet in diameter. 22. The main use of silver was to cir culate as money. When nations stopped coining it the demand fell off, and the price also. If this nation, with such others as would be easily induced to join it, should remonetiae silver the demand would soon advance the price to where it was before demonetization. 23. Free coinage of silver at a fixed quantity to constitute a dollar protects silver against market fluctuations and the manipulations of bulls and bears, placing it on the same basis as gold in this respect.' 24. There has never been at any mo ment in the world's history a super abundance or plethora of thetwo metals, or either of them, not even during 1851 75, during which quarter of our century the supply from the mines amounted to as much in weight as has been produced for 850 years antecedently. 25. The demand for money is equal to the sum of the demand for all other things. The competition for money is therefore not only incessant, but instant, argent, importunate and universal. It is, therefore, a-mistake to say that the demand for money is limited by the de mand upon bankers for loans. There may be, however, plethora of loaning money at money centers when industries are arrested. 26. Wherever there have been op pressed people who have looked to this nation for hope and help in the past they are now looking to free America for relief, in the midst of thestruggle against gold monometallism. W have it in our power to relieve them and enhance our greatness and the peace and prosperity of the world. Shall we do it? 27. Whenever any important country powerful enough to have the proper in fluences, establishes abimetallic currency at a fixed ratio and maintains the parity, of necessity the whole world is on the same bimetallic basis. ' 28. The United States government is great enough and has sufficient resour ces to undo the wrong of 1873, and, as in 1776 we proclaimed the political em ancipation of mankind, so now we will proclaim financial emancipation from the Shylocks of the old world. 29. We believe as Carlisle, the present secretary of the treasury, believed when, on February 21, 1878, he said in the congress of the United States: "I know that the world's stock of precious metals is none too large, and I see no reason to apprehend that it will ever be so. Man kind will be fortunate indeed if the an nual production of gold and silver coin shall keep pace with the annual increase of population and industry. According to my views of thesnbject.the conspiracy which seems to have been formed here and in Europe to destroy by legislation and otherwise from three-sevenths to one-half the metallic money of the world is the most gigantic crime of this or any age. The consummation of such a scheme would ultimately entail more misery NO. 7 upon the human race than all the wars, pestilences and famines that ever oc curred in the history of the world." 30. Silver has been called the. money of the people, gold the money of the rich. The demand for the single gold standard is unqualified selfishness. The single gold standard means riches for the few, poverty for the many. As James G. Blaine said, when speaking In the United States senate in 1873: "It would not be difficult to show that, in the na tions where both gold and silver money have been fully recognized and 'most widely diffused, the steadiest and most continuous prosperity has been enjoyed that true form of prosperity which reaches all classes, but which begins with the day laborer whose toil lays the foundation of the whole superstructure of wealth. The exclusively gold nation, like England, may show the most mas sive fortunes in the ruling classes, but it shows also the most helpless poverty In the humbler walks of life." The Omaha Platform Reviewed. HO. 5. "The land, including all the natural sources of wealth, is the heritage of the people, and should not be monopolized for speculating purposes.and alien owner ship of land should be prohibited.- All land now held by the railroads and other corporations in excess of their actual needs, and all lands owned now by aliens should be reclaimed by the government and held for actual settlers only." As I understand this plank it applies to the land, water, air with all the natu ral growth therein and thereon, without the agency of mankind. One of the pur poses at least, if not the sole purpose of creating theso things was for the use anJ happiness of mankind. Governments were instituted, and should be used for the purpose of protecting and directing mankind in the use of God's gifts. Bat the present condition of our country shows that in regard to land, this duty has been woefully neglected by our gov ernment. More than 80,000,000 acres owned by aliens. Probably five times as much owned by corporations and syndicates, not needed in their legitimate business except for purposes of speculation, and far more than this held by individual citizens for speculative purposes only. And these are not the worthless lands, but mostly chosen from the best'. At the same time more than two-thirds of oar people own no land. No wonder that discontent prevails among the people. Let a family have a home of its own with full control of the same, and on which the labor of its mem bers will produce the ordinary comforts of life and though they may be slaves in other respects they may be contented. The money question may be mystified, and obscured so that an ordinary man, though intelligent, may endure oppres sion and look upon it as a matter of course, or even may be led to justify the bonds that afflict him. The question of raising public revenues, of tariff and free trade, have become so backnied, and so mixed up with conflicting statistics, that the ordinary man may suffer the grossest injustice thereby and still may treat them with indifference or even burled to justify that which may be ruinous to his interests. . But the man who feels that he and his family own no home, and that the place occupied as such is only held at the toler- , ance of Borne one else, and who knows that he has been as industrious and as saving as the one who holds the title deed to the place, cannot be expected to endure with complaisance the wrong which is made an object lesson to him every day. Mothers cannot instill into the minds of their children lessons of patriotism, while their every day surroundings con tinually remind them that their own, government has permitted aliens to own what God intended for themselves. And children reared under such surroundings are in constant danger of becoming either sycophefntic slaves, or the most Sangerous anarchists. iWhat more reasonable then, than that the government should begin to make restitution to its own people. Reclaim ing the land owned by corporations and aliens and dedicating it for the use and homes of the landless would go fa? to wards ameliorating the condition of the people and securing the stability of the government. No suggestion is made in the platform In relation to the disposition of the land held ior speculation by individuals. But if all other lands were properly utilized the opportunity for land speculation would mostly cease and the condition would be self correcting. If my yiew of the land question is cor rect then any political party that ignores it, or makes any other question the main reliance for satisfying the people and securing their prosperity, does but des troy some of the canker worms which are eating the foliage and fruit of the tree of liberty, while fostering.or neglect ing at least, the worm at the root which is destroying it very life. H. 1-5 off On underwear, shirt waists, wrappers, X'es ginghams, lawns, challies and pon gees at Fred Schmidt & Bros., 921 0 St. Dr. Mllns' Nbrvi Piasters cure BHEUMA TI3M, WEAK. BACKS. At druggists, only 25c,