August 29, 1895.
THE WEALTH MAKERS.
3
SPECIOUS SOPHISTRY.
Metal I Not Domonstlud So Lone as Its
Price la Determined by Flat of Latr.
From the August number of Rhodes
Journal of Banking I clip the follow'
Ing article: ,
"To put gold on an equality with sil
ver it is only necessary to repeal the
law which now permits private Individ
uals to take gold bullion to the mints
and have it coined into the gold coins
of the United States. This would re
move beyond ail question the com
plaint that is now made that gold is a
metal favored beyond its merits.
"Instead of the present law let the
government purchase all gold bullion
offered at the rate of a dollar for every
23.22 grains of pure gold, paying for
the same with gold certificates. The
mints could coin as much of this hul-
lion as there happens to be a demand
for, retaining both the coins and the
uncoined bullion to redeem the gold
certificates. Most of the bullion could
be kept in the form of bars such as are
now prepared at the mints forexporta'
tion. There would be no free coinage
of gold any more than of silver. The
free coinage of silver dollars from the
present stock of silver bullion could go
on to the extent there was any public
demand for them, and whenever this
stock of silver bullion became exhaust
ed then more could be bought sufficient
to keep up the requirements of the sil
ver coinage at the market price. The
gold coins would, of course, be minted
on government account and any seign
iorage or gain there might be would
. accrue to the treasury in the same
manner as upon the coinage of silver
bullion.
"It is not probable that there would
be the least objection on the part of
the gold monometallists to the depriv
ing of gold bullion of the right of free
coinage. Such a course would make it
clear that the right of free coinage
gives no value to gold which it does
not possess without that privilege.
"Of course it will be said by the ad
vocates oi silver tnat li tins course is
taken with gold the government ought
also to buy silver, giving one dollar in
silver certificates for every 371.25
grains of pure silver, but the answer
to this is that by so doing the mints
would be paying more than the mar
ket price. If the contention be true
that the shutting of the mints to the
free coinage of silver has been the
main cause of the depreciation in value
of that metal, then the shutting of the
mints to the free coinage of gold should
have a similar effect upon that metal,
too.
"After gold has in this way been de
monetized as long as silver, it should
depreciate correspondingly and the old
ratio between the two metals would be
restored.
"It may also be said by the advo
cates of silver that the United States
should not undertake the demonetiza
tion of gold in this manner single
handed, but should only do so as the
result of an international agreement.
It is believed that the several commer
cial nations, even England and Ger
many, ciould much more easily be
brought to consent to stop the free
coinage of gold on private account
than they could be induced to agree to
opening their mints to the free coinage
of silver. In fact the British mints, at
the present time, practically purchase
gold bullion in the manner advocated.
They purchase all of such bullion of
fered of a given weight and fineness
at a fixed price per ounce, which an
swers precisely to the amount of pure
gold in the sovereign into which the
mints coin it.
"Of course the adoption of this plan
by international agreement would not
alter the real status of gold coins one
iota. It would in one sense be an
illustration of the old adage of whip
ping the devil around the stump.
.Nevertheless it would show that the
estimate in which gold is held by man
kind is not in the least affected by the
regulations of the mints of the world.
By analogy, too, it brings out most
clearly that as government regulations
can have no effect upon the valuation
of gold, so these same regulations can
have no permanent effect in increasing
the estimate in which silver is held by
mankind. In other words, if govern
mental action cannot depreciate the
value of a given quantity of gold no
more can it appreciate the value of a
given quantity of silver.
"The only course that a government
-can take is to depreciate or appreciate
the, money of account by making it
worth a less or greater quantity of the
precious metal. Thus the British gov
ernment might decree that the sover
eign should contain 100 grains of gold
instead of 123.27 grains. Or congress
might declare that the dollar should,
contain 15 grains of pure gold only, in
stead of 23. 22 grains. But this would
be debasing the coinage. It is just as
much a debasement of the coinage for
congress to decree that 371. 25 grains of
pure silver shall be a dollar, without
making provision to maintain the sil
ver dollar at par with the gold dollar,
when for nearly sixty years the dollar
of account has been the dollar of 23.23
grains of pure gold."
The foregoing propositions of the
Journal of Banking are either
prompted by ignorance born of a lack
of knowledge of the laws of finance, or
else they are cunningly devised to de
ceive the masses of the people, who
are presumed to be wallowing in the
slough of ignorant superstition. The
latter hypothesis is probably the true
one, for it is incredible that the editor
of a banking journal should possess
such an impel feet knowledge of mone
tary science as to honestly believe the
theories advanced in the article in
question.
It is a fundamental truth, which
should be easily apprehended, that
nothing like the demonetization of
gold nan be accomplished, so long as
the nations of the earth combine to
give that metal a certain fixed value,
expressed in material representatives
of the "money of account." So long
as the statutes of the United States de
cree that 25.8 grains of standard gold
shall constitute a "dollar," and other
nations decree by law that a relative,
or proportionate, quantity of gold
shall constitute their "unit of value",
be it called "pound" or what it may,
just so long will gold enjoy a special
privilege and an arbitrary and a ficti
tious value, no matter whether or not
such metal has the privilege of un
limited coinage into representative
coins.
If the Journal of Banking really
wishes to see gold and silver placed
upon an equality with each other and
with all other commodities, let it in
dorse and advocate the policy and
practice contended for by Sir Archi
bald Alison, in bis work entitled "En
gland from 1815 to 1845," to wit: that
the circulating medium, or money,
should consist . of paper bills corre
sponding in their numerical, or mone
tary, terms and denominations with
the "unit of account," which, with its
decimals and multiples, constitutes the
"money of account" of the nation is
suing such money notes, or bills, 6uch
paper currency, however, to be re
deemable in gold and silver, not at any
mint, or arbitrary legal value, but at
their market value at the time of such
redemption. And, in the case of the
purchase of gold by national mints, or
government banks, let it be paid for
at its market value, in paper repre
sentatives of the "money of account."
in this manner, and in this manner
only, can the theory and practice of
"specie basis" and "specie redemp
tion" be retained and maintained and
yet, at the same time, gold and silver
be demonetized and placed upon an
equality with each other and with all
other commodities'
And in this way, and in this way
only, may all the problems relating to
the questions of "ratio" and "parity"
and the so-called "Gresham law" be
solved, and gold and silver be used as
"primary money" and as a "basis of
redemption" all over the world, by all
nations jointly and m unison.
George C. Ward.
THE SUNBONNET VOTE.
The Power of the Women's Influence on
the Side of Decency and Morality.
In one of the big towns in New Zea
land the nominating convention chose
as candidate after a heated session a
man whose morals were not blameless
and who in addition had objected to
the education of women, on the ground
that it spoiled them for housekeeping.
The news spread from the nominating
convention half through the town. In
that hot climate many of the women
wear large sunbonnets, something like
the poke bonnets which are in vogue
in the country towns in our own coun
try, mere were a number or women
in the grocery store, buying butter
and provisions, when the news arrived.
There was a brief interchange of re
marks, and every one went directly
home. The houses there are separated
by fences or trellises covered with
roses, morning glories and scarlet
creepers. In two minutes - after
their arrival home each woman
had repaired to her fence, called up
her neighbor on either side, and had
transmitted the tidings with more or
less emphatic opinions upon the action
of the convention. Persons who passed
that afternoon said that wherever
they went they saw nothing but
couples of sunbonnets in earnest but
subdued conversation. Within an hour
every woman in the town had been
communicated with in sunbonnet fash
ion. Before breakfast, it is said, every
husband had pledged himself to an in
dignant wife. The campaign, a brief
one, went through with singularly ap
parent apathy. The luckless candidate,
who had been fearful that his past
would be overhauled, was joyful and
confident of election by a handsome
majority; but when the votes were
counted he was buried by a majority so
large as to astound every politician in
the colony. The next day the only
newspaper which had supported him
in the district announced its discom
fiture in the simple lines, "He was
buried forever by 3,000 sunbonnets."
N. Y. Mail and Express.
NO RELIEF THERE.
No Sensible Man Will Look to the Demo
cratic Party for Kelief.
The silver democrats of Iowa were
out-generaled, out-voted and out-plat-formed
at the recent convention in that
state.
Some of the silver men suddenly
awoke to the fact that they were in
the wrong crowd and left the conven
tion. What is the lesson?
It is this: If the silver democrats
can't control the state of Iowa, they
haven't a shadow of a show for con
trolling the next national convention.
If Iowa democrats have nominated a
gold-bug for governor, the hope of a
'western man of western principles"
for president have gone glimmering.
Democracy is hopelessly divided
against itself; it is a house that cannot
stand.
No sensible outsider will look to
modern democracy for relief. Nevada
(Mo.) Director.
Seats of Learning.
Prof. Bemis, of the Chicago universi
ty, feels the claws of plutocratic mo
nopoly. The university that is en
dowed with Rockefeller's stolen money
doesn't want to pay a salary to a man
whose teachings expose the essential
scoundrelism by which Rockefeller
made" 573,000,000 in thirty years.
Even the plutocratic press are con
strained to feel alarm at the possibility
of our higher institutions of learning
being so controlled as to exclude all
correct economic teaching from the
students. Universities endowed with
stolen money is not an edifying spec
tacle of itself. But when all knowl
edge is to be filtered through the
servile tools of monopoly, the situation
becomes disgusting as well as fraught
with the most deadly danger to free
institutions. Nonconformist.
One of the great issues of the day
is shall the greenbacks be retired and
bonds issued in their stead? Cleveland
and Carlisle, backed by the money
power, are for it, recommended it and
urged it at last congress. How many
years of free coinage would we have to
have to repair the waste caused by the
destruction of the present greenbacks?
Missouri World.
PREMATURE DISCLOSURE
Through the Indiscretion of an Active
Member the Intentloua of the Money
Power Are Disclosed.
Says the Kansas City Journal of
August 20th: "Judge Frank G. Johnson,
who was delegate to the national free
silver conference held in Washington
last week, has returned. To a Journal
representative he said: 'The confer
ence was harmonious and enthusiastic
from start to finish, and was attended
by about 100 delegates from all sec
tions of the union. Among them were
some of the leading men of the demo
cratic party. Gov. Stone seemed to
take the most prominent part. There
were many interesting features about
the conference that did not appear in
the public press as fully as they de
served to have been reported, although
a majority of the newspaper . men in
Washington are outspoken for free
coinage. In this they show that they
are in line with the great majority of
the people of the country.' "
Likely, indeed, Is it that "there were
many interesting features about the
conference that did not appear in the
public press." And it is more than
likely that many "interesting fea
tures" of the plans of tKe leaders of
the free silver movement in the demo
cratic party were not intended to "ap
pear in the public press." But by the
indiscreet utterances of one of these
leaders the plans of the money power
have been prematurely disclosed, and
we may now understand how, by al
lowing the democratic party to declare
for free silver at 10 to 1 in its national
convention in 1S90, all the demands of
the Rothschild - Sherman Cleveland
Lombard-Wall street money power are
to be put in a fair way of being satis
fied by the election of a so-called free
silver democratic candidate upon a
platform written, as were both old
party platforms in 1892, by Baron de
Rothschild himself.
The present intention of the money
power is to force the republican party
to become the champion of "sound
money," or the single gold standard.
and let the democratic party pose as
tne party or tree silver and thus use
the majority which is known to exist
for free coinage to elect a president
and congress pledged to enact into law
the pet measures of the Anglo-Hebrew
alliance.
The following Associated press dis
patch from Washington is self-explan
atory:
' "Ex-Senator Butler, of South Caro
lina, called on Senators Jones and Har
ris, members of the executive commit
tee appointed by the recent democratic
silver conference, and suggested the
following propositions to be advocated
by the silver democrats:
"First Repeal the tax on state bank
circulation.
"Second Admit silver to coinage at
an equality with gold at a ratio of 18
to 1.
"Third Retire all greenbacks and
coin certificates.
"Fourth Require national banks to
surrender their charters, and permit
them to take out state charters under
national supervision.
"Fifth Take the government en
tirely out of the banking business.
"Sixth Stop the issuance of long
time bonds by the government. The
revenues should be enough to support
the government But if it is necessary
to issue bonds they should be of small
denomination, in order that our own
people can invest their savings in
them."
These are the cardinal points of the
money power's creed. No legal tender
money but metallic coins, and the
banks to have a monopoly of furnish
ing the paper money of the nation.
And just as the passage of obnoxious
measures is sometimes forced by tack
ing such measures on to appropriation
bills, so the money power hopes to at
tain its ends by tacking these demands
to the demand for the free coinage of
silver.
While it is doubtless true that silver
men should "get together," it also
most certainly behooves them to know
just what they are getting together
upon. We must watch as well as pray.
George C. Ward.
That Hold Reserve.
The $100,000,000 the secretary is pau
perizing the people to keep in the
treasury to redeem 346,000,000 green
backs is without law. There is no law
requiring this gold reserve. To tax
the people and bond posterity to main
tain this $1,000,000 in gold is plain rob
bery. Why do the people submit to it?
Iherc is just as much law to keep a
billion idle dollars in the treasury
a hundred million. What is this
gold reserve for, any way? Secre
tary Carlisle says it is to redeem
the greenbacks, when, in fact, he
redeems every other sort of moDey
with it JSo merchant, mechanic,
farmer or laborer ever presented a dol
lar of greenbacks for redemption. Who
does? The English gold gamblers.
Then who is the government run for?
Plainly for the English money power
and not for the people of the United
States. Who's country is this anyway?
Exchange.
Justice Hawthorne, of Kansas
City, has decided the Missouri law
making it a misdemeanor to carry on
the business of "barbering" on Sun
day unconstitutional just because the
law fails to provide for a trial of of
fenders by jury. Where has this old
fogy been that he has not learned that
trial by jury has gone out of fashion?
Why not tackle the barbers in the lat
est style of government art by court
Injunction? That plan needs neither
law or constitution. All that is neces
sary is a judge who has been properly
fixed. Topeka Advocate.
The movement made by the Ex
press in favor of government banking
has had a marked influence all over
the United States and the work we
contemplate for the coming winter
will give the question an importance
second to no other in the country.
Every state legislature that meets will
be urged to require every banker to
give security for deposits and the fight
that the bankers will make is going to
open the eyes of a long suffering pub
licChicago Express. Read my book
written in advocacy of government
banks. -G. C. W.l
"I
DON'T WAIT
For a Cold to Run into Bron
chitis or Pneumonia.
Check it at Once
WITH
AYER'S
Cherry Pectoral.
"Early in the Winter. I took a ?3
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very painful to endure and
troubling me day and night, for
nine weeks, in spite of numerous
remedies. Ayer's Cherry Pec
toral being recommended me, I
began to take it, and inside of 24
hours, I was relieved of the
tickling in my throat. Before I
,rinished the bottle, my cough
was nearly gone. I cannot speak
too highly of its excellence."
Mrs. E. Bosch, Eaton, Ohio.
f
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si
Ayer's Cherry Pectoral
Received Highest Awards gf
AT THE WORLD'S FAIR j
9.P.P.$J9P.P.?.PP,PAP.P.?.PP.P..P.P
The banks should go Ouu u DUe
business of government rather than
that the government should go out of
the business of furnishing the money,
said Mr. Harvey in his debate with Mr.
Horr. And Harvey is right. Furnish
ing the money for the people is a most
important government function, and
delegating that function to individuals
or corporations is building up a privi
leged class, which Jefferson said is a
dangerous class. Progressive Farmer.
In the cities where the poverty is
the worst, there are the most saloons.
Poverty drives men to drink and drink
increases pover ty. The saloon run for
private profit !s an institution that
ought to be abc 'shed. It is one of the
many means bi which idleness robs
labor; and yet so powerful are the
plutocratio influences arrayed on its
side that we can hardly hope to banish
it while one man is allowed to make a
profit off another man's labor. Star
and Kansan.
According to the reports of Carroll
D. Wright, national labor statistician,
the employer gets 83.2 per cent, of the,
products of labor, and leaves the la
borer only 17. 8 per cent. In the king
ridden, pauperized countries of Europe,
the laborer gets from 25 to 40 per cent.
of the products of his labor. Did we
hear you say conditions are just, where
i man is required to work eight hours
for legal thieves in order to get two
hours for himself? Eonham (Tex.)
Farmers' Review.
Gold shipments have again set in
in earnest. About 87,000,000 have gone
in the past few days, and Washington
is again in a flutter. More bonds are
being talked of, but we do not believe
they will be issued. In our opinion
the present movement is for the pur-'
pose of driving the country into a de
mand for the destruction of the green
backs. The money power can never
be happy so long as there is a green
back left to give the lie to their falla
cious, doctrines. Progressive Farmer.
Wore Out the Judge. '
San Fbancisco. Aug. 21. Superior
Judge Murphy was too ill yesterday to
proceed with the trial of Theodore
Durrant. A recess was declared until
Thursday. It is said that the counsel
for the defense are preparing affidavits
in support of a new motion for a
change of venue on the ground of im
practibility of securing an impartial
jury in San Francisco. If the motion
is granted it is said that they will en
deavor to have Santa Rosa selected as
the scene of the trial.
U Hang Chang Hopeful.
Victoria, B. C, Aug. 13. According
to steamship advices from China,
although ex-Viceroy Li Hung Chang
still suffers from the displeasure of
the Chinese court, he is not without
hope that his efforts to re-establish
himself in favor will be successful.
By the judicious use of the treasure
still at his disposal he may regain a
position, the resources of which will
enable him to recoup his disburse
ments a hundred fold if he lives long
enough.
The Burlington has been chosen the
ofiicial route for Louisville G. A. It. En
campment. Special train with Comman
ds 0. E. Adams and staff also Woman's
Relief Corps will leave Lincoln 2:15 p. in.
Sept. 9th, leave Omaha 4:35 p. m., and
arrive in Chicago early next morning
and at Louisville via Pennsylvania Line
at 4 p. in. Sleeping car accomodations
without change, double berth $4.50,
Omaha to Louisville. Reservations for
berths should be made early so that am
ple accomodations can be arranged for.
For full information and tickets apply
at B. &. M. Depot or city office corner 10
and 0 streets. Geo. W. Bonnell.
i C.P.&T.A.
Bee our Campaign offer on first page.
The Wealth Makers irom now till No.
Tember let for only 80c. Every voter in
Nebraska should read this paper.
NTCTTRATyOIA cmred rT Dr. MlleeT PAiM
TUB
Are You Ready
For the Harvest ?
There's only one way to get ready bo that you can be tur that you an naty
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All Competition Staid Away from
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We might to-day be selling a line of so-called "cheap" machines al
a price which would still be high, but prefer to sell the hxg'Msalm McConnlcl
at a price which experience will most assuredly prove is low.. Glad to show
Mir friends these machines at any time. Come in and see them. r
Farmers will please call on -B.
BINPORD, Lincoln.
LEISVELD & TROMPEN, Hickman,
J. P. PItATT, Dennett. s
MEYER & SEVEUIN, llallam,
"WELLER POLK & CO., Raymond,
O. W. PETERSON, Eagle,
Any of whom will be only too glad to show you the merits of the machines whether
you intend to purchase or not. ,
The Baltimore Plan,
now practically endorsed by President Cleveland, is attracting
universal attention because it is based on the evident fact that
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 "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. E.
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
large revenue.
It secures the government amply, which the Baltimore plan
does not.
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,
TINGLEY & BURKETT,
Attorneys-at- Law,
1026 O St., Lincoln, Neb.
Collections mads and money remitted lami day
as collected.
Ash . .
Box Elder
and
Black
Locust
$1.25
Per 1,000.
I00A& $3,50
All the Leading Varieties.
100 Choice Concord Urnpevlnes
2; 1,000 Has. Mulberry, (1.16.
Shade and Ornamentals. A
complete lrice-Lit free.
Address,
Jansen Nursery,
Jefferson Co. Jansen, Neb,
DE LML CREAM SEPARATORS
Address, for catalogue and particulars.
Or Trie Oc Laval. Siwmtok Co.,
Emm, lu. 74 Cortlandt Street, New York.
Broke the Record
No Cultivator ever had such a rmart
able run to first season. Sales naarijr
20,000 in 1894
nd this year will be rreatly mere d.
The O. H. b. is slapl, thccl Wilkin. Csutor
m m4a ant e has latitats. H ms si
jighL FiraiilNiMlMlwhiMM, SwHfef
kmrosksv. Writ m In tthwtntes diev.
Deere & Co
1895.
LIQHT-RUNNINQ
Mccormick
steel
BINDERS and
MOWERS.
"Witfft1.. &
a
Wealth Makers Pub. Co.,
Lincoln, Neb.
GRAY HAIR01 WHISKERS 2
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Honey refunded It It does not do sTsrytalag
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price. $1.M per bottle. Fall Information Ire
Airents wanted. ALLKN CO., Ill later Oceaa
Banding, caleaco, 111.
The Land of Big; Red Apples, Is an attractive
and Interesting book, handsomely Illustrated
with Tlews of Soath Missouri scenery, Including
the famous Olden Fruit Farm ol 8.000 acres In
Howell county. It pertains to fruit raising In
that great fruit belt of America, the southern
slope ot the Otarks, and will prove of great value,
not only to fruit growers, but to avery farmer
and homeseeker looking lor a farm and a home,
Mailed tree. Address,
J. E. L0CKW00D,
Jfansea CitxJCo.
Puxs. "On cent a doeo." At all druggists.
,