The Wealth makers of the world. (Lincoln, Nebraska) 1894-1896, December 26, 1895, Page 2, Image 2

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    December 26, 1891
THE WEALTH MAKERS.
ill
THE WEALTH MAKERS.
New Series ol
THE ALL1AXCE-IXDEFEXDEXT.
Consolidation of the
Farmers Alliance and Xeb. Independent.
PUBLISHED EVERY THURSDAY BY
The Wealth Makers Publishing Company,
1110 M St., Lincoln. Nebraska.
OFOiifiK ITowako Gibson Editor
I. 8. HT4TT.... - Business Mnnaver
iV. I. P. A.
"If any man muni (all (or me to rise,
Tben seek I not to climb. Another'! pain
I choose not (or in j good. A golden cbaln,
A rob of honor, la too good a price
To tempt my hasty hand to do a wrong
Unto a fellow man. This Ufa hutb woe
Sufficient, wrought by man's aatotilc foe;
And who that hatb a heart would dnre prolong
Or add a aorrow to a atrieken aoal
That aeekt a healing balm to make It whole?
My boaom owna the brotherhood of roan."
Publishers' Announcement.
The enbuerlptlon price of Tub Wcalth Mai
Brs la $1.0t per yen.'-, In advance.
Agenta in anliclring ruhacrlptlona ahonld be
Tery careful that nil names are correctly spelled
and proper postotltce given. Jllanka (or return
aqliai-rlptlonn, return envelopea, etc., can be bad
on application to this office.
Always algn your name. No matter how often
yon write na do not neglect thla Important mat
ter. Every week we receive letters with incom
plete addresses or without signatures and It la
sometlmea ulltlmlt to locate them.
Cuanoe or addrkhs. Huliscrl bera wishing to
change their post office addreaa muat alwnys glTa
their former aa well aa their preaent address when
change will be promptly made.
Advertising Rates,
$1.12 per Inch. 8 cents per Agate line, 14 lines
to the inch. Liberal dlecount on large apace or
long time contracts. (
Addreaa all advertising communications to
WEALTH MAKEHS I'UUl.IHHINO CO.,
J. S. Hyatt, Bus. Mgr.
The earth life is short. The future is
. long.
England has $5,000,000,000 invested
in America, says SirMoreton Frewer.
Dare not to Bit in judgment and con
demn God because justice against evil
doers is not being executed. He has
eternal purposes of beneficence working
out.
A two days convention of tramps of
the southwest was held last week on the
Arkansas river between Wellington and
Winfiold, and about 1,500 were present.
What a pointer this news item ial
Twenty-four miners lost their lives in
the Nelson mine near Dayton, Tenn., by
an explosion of Are damp. All for wages.
Died for the profit of fheir employers.
Vicarious sacrifices, and no one saved by
it.
( In these times of strain and stress it re
quires great faith to hold firm. But how
miserable must he be who lets ha anchor
drag, and sees nothing but pitiless forces
and cruel selfishness upon the throne of
things.
Congressman Meiklejoiin has announc
ed himself a candidate for governor of
Nebraska next term. If anything is
needed to arouse the Populists of Neb
raska to greater action, Meiklejohn's can
didacy will do it.
There is deep truth in this expression
by the editor of the Twentieth Century:
"After all there is only one being, man,
He is not separated into tribes orspecies)
adapted one to art, another to filth, and
a third to virtue. No chain can be
stronger than its weakest link, and no
man is a god while his fellow-creature is
a beast."
The crown of Portugal, now for sale,
cost $8,000,000, say the dispatches.
That's nothing to what we have here,
though. Rockefeller's cost $200,-
000,000. The Astor dynasty's several
hundred millions more. Ditto the Van
derbilt's. The Gould dymiHty's crowu,
as first worn by Jay, cost us $82,000,
000. And these are only a few ol our
more costly crowns.
Doth the Senate and the House, as well
as the executive, are for War with Eng
land, if she crowdn Venezuela. Sympa
thetic strikers for fellow workers are
tetotally bud, you know; but sympathe-
tic wars to get rid of troublesome un
employed surplus men are wise. Blood
letting promotes patriot ism, booms bust
ness, and provides the bankers and the
people with bonds.
Phesipent Harpek of Rockefeller'
TIniversitv is for blood. He states that
Cleveland's nn-ssage meets his eariii-st
approval. Prof. Von Hoist of the same,
Standard Oil, faculty opposed war and
Harper fears his expression will be taken
as the attitude of the university. . Mo"t
of the Chicago ministers set themselves
strongly against war. This is true also
of New York and London ministers re
ported. ' '
Rev. Dr. Raixsford of New York;
Episcopal, speaking before the Methodist
Social Union in Brooklyn a few days ago
said: ''It is absolutely true that the
church in New York is not holding its
own. There ere fewer people, relatively,
who come to church now than there were
ten years ago." Yes, but the common
people heard Christ gladly. If the same
love were now preached and practiced by
his disciples the churches would be found
not a tenth part large enough to hold
the audiences that would press to hear.
woros. professions oi love, ana dry nie-
' - 1 r
SENATOR SHERMAN LIES
Yes, he does. And a polite softening of
the word is not in his case justifiable.
The New York Voice recently sent letters
of inquiry to a large number of leading
men asking them to explain what cnused
the hard times. Sherman replied as fol
lows: Editor The Voice:
In response to your note of the 11th, I
can not state what are the causes of the
recent period of hard times. It is a mure
matter of conjecture and opinion.
John Sherman.
Two years ago the first of last month
Senator Sherman in a speech in the Sim
ate said: that if the bill to repeal the
silver coinage act were passed in ten days
the dark clouds would pass away and
prosperity would return. Was Senator
Sherman ignorant when he said that, or
was he cruelly, heartlessly deceiving the
people?
If our lawmakers aro ignorant of the
causes of the periodical hard times, it is
criminal ignorance. If they cannot do
more than conjecture as to what causes
glutted markets, falling prices and a
periodic stopping of the wheels of pro
duction it is a dangerous thing to place
in their hands the power to blindly legis
late The most of them are not inno
cently ignorant. They are selfishly op
posed to justice. They do not represent
the poor and theoppressed, but theother
sort, the rich oppressors. Let us see if it
is not so.
If when selling goods or labor the
wealth-producing class individually and
collectively received equal value, power
in money to buy back as much goods as
they produced, demand would exactly
equal supply and the markets could not
become glutted. The people would indi
vidually produce until all their needs
were met, and nothing could interfere
with or prevent each and every worker
continuing his labor as long as he hud
wants unsatisfied.
But we have here described an ideally
just system of exchange; but with present
laws and a long continued selfish scram
ble for the possession and monopoliza
tion of the natural resources and artifi
cial means of production and exchnnge,
the masses, the majority, are born depen
dent, landless, withoutcapital.ormoney.
To the landlords they must pay rent, for
the capitalists they must earn profits, to
the moneylords they must pay usury.
By these means, money is taken from
those who produce the wealth and re
main in want, and given to a wealth
accumulating class. And in the degree
that the rich accumulate money by these
means,goods accumulate in the markets,
prices begin to fall in consequence, and
panics or periods of commercial paralysis
are with a certain measure of regularity
precipitated.
There are several classes who cause
panics and periodic hard times, viz., the
rich landlords, the money lenders, the
railroad magnates, the mine monopo'
liets and the meu who destroy competi
tion by means of trusts. For some of
these we have data to estimate their
power to reduce the demand for goods
and injure trade. Mr. J. M. L. Bubeock,
writing in Donohue's Magazine gives, as
an under rather than an overstatement
that the interest paid to non-producing
money lenders each year amounts to
8500,000,000. It is a low estimate also
which figures the net annual "profit" of
railroad stockholders $350,000,000
And tfhe banks, reckoned as a distinct
special class of non-producing money
absorbers, take $145,000,000 interest
each yenr. Here are figures footing up
$995,000,000 which these three classes
alone draw out of circulation each year
returning nothing for it. It would be the
same thing to the human body if three
or more veins were to be opened and
allowed to run off fine streams of blood
the life current, and expect the digestive
organs to supply the unnaturcl loss. Or
it would be like starting the solarsyntem
and, instead of balancing the centripetal
and centrifugal forces.reqniring theearth
and other planets to drop with each re
volution one tenth of their substance
to the sun as a matter of tribute,
which case wecould not fail to have every
ten years or oftener "a wreck of matter
and n crash of worlds."
Natural systems, economic systems,
moral systems, are not run as we are try
ing to run our commercial and industrial
system. Rent, interest, and capitalistic
profits will play eternal smash with civi
lization, if allowed to go on.
PEACE ON EARTH
Nineteen hundred years have passed
away since the herald angels sang, "On
earth pence, good will toward meu." Aud
the two foremost nations of the world,
nations called Christian, are today talk
ing war. All the nations of Europe are
armed to the teeth and watching and
fearing each other. Forts and arsenals
are in every land. The weapons of war
are costly and terrible in their destruc
tive power. When Christ came bows and
arrows, swords and spearsand catapults
were the death dealing weapons. Now
we have machine guns that shoot 1,200
times a minute and cannons that belch
forth death and desolation, at each dis
charge throwing great projectiles with
invisible velocity across leagues of space.
But this, is not all. Nor is it the worst
that can be told; for "business is war."
It is an each for himself struggle for gain,
for power one over another. 'Th9 rich
rule over the poor; the borrowers are the
slave! of the lenders.' Society is strat
ified: rich, who find all things vanity,
at thVtcp; the poor, who want all things
There is no peace, no onion of interests,
no bond of love in the business or com
mercial world, binding man and man to
gether.
Peacel 0, that it might cornel Our
hearts are sick of the selfish strife. We
are so hungry for love. Let us have
peace, letusnonor ennst wun aeeas,
not with mere word. Let us love one
another. See the suffering masses, and
the selfish classes. Millions are starving,
the image of God crunhed out of them,
debased, desperate. Little children are
being trodden down, morally distorted,
dwarfed, dehumanized in theawful strug
gle for lie. There are few people who
are not more or less anxious and miser
able, because of the -each for himself
busiuess strife.
If we would but make JeHtis king in
deed, and refuse to believe thatgaiuis
godliness, that strife is for Christ!
Christmas carol ore not sweet to the
ear of Christ when sung by those who
strive. Gifts obtained in commercial
struggle do not please Him. The angels
who sang his praise were ministering
spirits, not grasping spirits. His king
dom will not come to earth until we
make love the law of business, und be
lieve it is more blessed to serve than to
be served. His wisdom appears to be
foolishness to all who seek good bar
gains, service, power to command, tri
bute; but lie alone in wise, nevertheless.
The whole creation is groaning aud
travailing in pain together, waiting for
Christ to besocially born, waiting for the
manifestation of the sons of God. When
will they, when will the Christian society,
appear? Who is ready to be unselfish?
Who has in him Christ's spirit, faith in
sacrifice, a love of love? Who will help
to organize industrial society on the prin
ciple of love, service, individual sacrifice,
that all may be saved from selfishness?
PETERS' VESY GOOD IDEA
Rev. Dr. Madison K. Peters of the
Bloomingdale Reformed church, New
York City, last Sunday, . speaking on
Civilization's Debt to Christianity, took
occasion to say:
"War is cruel, hateful, wrong. War is
hell. The political demagogues who at
this Christmastide are shouting for war
will be branded by the sober second
thought of the American people as the
criminals of the nineteenth century.
When these men had an opportunity to
fight for their own land, when the stars
and stripes were trailed in the dust, they
sent substitutes. A war between Eng
land aud America could never be termi
nated until one or the other went into
bankruptcy or had no more men to fill
the ranks. When the time comes that
we are encroached upon or attacked,
then there will be a prompt response
from the American people to defend the
flag. What sane man believes that such
a necessity exists at the thepreserjt time?
If we are to ha ve war, let it ue on one
condition, that the men who are now
shouting for it be tho first ones compelled
to go to the front."
Rev. Washington Gladden, D. D
preached the same day a strong sermon
against the war spirit as shown by Presi
dent Cleveland and Congress in the dis
cussion of the Venezuelan question. The
peace statement of the pastor was ,en
thusiastically received, say the press dis
patches, and the following resolutions,
presented by (our) President Caufield ol
the Ohio University, were unanimously
adopted by the congregation.
"Resolved, That as Christian citizens
of a Christian nation at the close of a
century filled to overflowing with the
magnilicient results of greater and more
settled pence than the world has ever
known before, a century in which men
have come nearer than ever before to
realizing in daily life the blessed teach
ings of the Divine Master, the prince of
peace, with all loyalty to our own re
public and with all regret that the uni
verse and the tardy justice of England
should furnish even a pretext for hostile
feeling, we desire to most solemnly and
earnestly declare for arbitration as the
only wise and just and civilized method
of adjusting international misunder
standings. We refer our English brethren
to the declaration of their own "iron
duke" thnt"not!iing except a battle lost
can be half so melancholy as a battle
won." We call upon our president and
our nipmbers of congress to remember
that a resort to force is generally a con
fession of weakness, that a great nation
like our own can compel pence without
material strife, and that there is no ques
tion that can possibly arise between our
own and other jjreat nations that can
not be adjusted by a high court of in
quiry and arbitration. We earnestly
pray that the better second thought of
the nation may prevail and that there
may he no discordant notes in the mes
sage of "pence on earth and good will
toward men" that should come from all
hearts at this blessed Christmastide.
Resolved, That we request that the
strong und stirring words of the serigon
produced in this place this morning be
printed in order that it may have the
widest possible reading and the largest
possible influence.
President Canfield, William G. Deshler,
and Judge W. T. Spear were appointed
to forward the resolutions and Dr. Glad
den's sermon to Congressman I). K. Wat
son, Senators Sherman and Brice, Presi
dent Cleveland and the British embassy.
THE FEDERATION OF LABOR
The American Federation of Labor, the
greatest industrial organization in the
nation, has, after being retired for one
term, returned SntnueJ Gompers to the
place of president. The platform adopt
ed this year reads as follows:
1. Compulsory education.
2. Direct legislation, through the ini
tiative and referendum.
8. A legal work-day of not more than
eight hours.
4. Sanitary inspection of workshop,
mine and home.
5. Liability of employers for injury to
health, body or life.
6. The abolition of the contract sys
tem in all public work.
8. The municipal ownership of street
cars, water works and gas aud electric
plants for public distribution of light,
beat and power.
9. The nationalization ol telegraphs,
telephone, railroads and mines.
10. The abolition of the monopoly
system of land holding, and substituting
therefor a title of occupancy and use
only.
11. Repeal all conspiracy and penal
laws affecting seamen and other work
men incorporated in the federal and
State laws of the United States.
12. The abolition of the monopoly
privilege of issuing money and substi
tuting therefor a system of direct issu
ance to and by the people.
This is a very practical excellent plat
form, but the seven or eight hundred
thousand voters in the a. F. of L. can
not be depended on to vote for the candi
dates of the party whose platform em
braces the greatest number or most im
portant of their demands. However, it
is worth a great deal as nn educational
force to have such a platform enunciated
The truth is spreading, slowly, surely.
"The night is far spent the day is at
hand."
The million of dollars given by Miss
Helen Culver to the Standard Oil Univer
sity of Chicago was taken from labor by
real estate speculations. It will hence
forth be cornered capital for which the
workers must pay usury each year for
ever (or until the industrial revolution
comes), to support professors who up
hold the rich and teach the false economy
of unlimited greed and power. Rocke
feller has matched the Culver million with
another, obtained by means of "the
smokeless rebate," which enabled him to
ruin his competitors and gave him power
to help himself to the people's earnings
without restraint, save what candles and
poverty might furnish.
Ambassador Bayard in his Glasgow
speech declared against protection and
socialism. Dec. 18th at a banquet, when
war was in the air, in response to a toast
proposed by Lord Kimberly, "Our Kins
folk Across the Sea," he said: "I thank
God there are some things which cannot
be divided, and that men must hold in
common." The applause was tumul
tuous over this and related sentiments.
He is, it seems, something of a commun
nist. The more people hold in common
the better it is for them and the more
Christian they are.
The papers report with headlines the
Rich and Striking Costumes Worn by
Graceful Women and the names of those
who attended the "greatest of its kind,"
the Hebrew charity ball in Chicago.
How we have improved on the wisdom
Jehovah and Christ! Thousands of the
rich, sparkling with jewels, attended this
ball, and it was called by the press
pretty parable." The parable of the rich
man and Lazarus was not at all pretty
or pleasing. We have "pretty" parables
now.
Senator Allen in a sarcastic speech
in the Senate in support of his resolution
urged the free coinage of silver and the
issue of treasury notes to provide money
for the contemplated war with England.
But neither for war or peace will such
wise legislation be possible with Congress
and the executive what they are. We are
scarcely wiser than our fathers in politics.
There, as in business, it is each-for-him
self or for his class, and thecorporations
are the great ruling power.
BO0K8 RECEIVED FOR REVIEW
From the Arena Pub. Co., Boston.
Beauty for Ashes, by Kate Clark Brown
In paper 25 cents.
TIip T.nnd of Nada. bv Bonnie Scot
land. Paper, 25 cents.
Politics and Patriotism, by Frederick
W. Schultz?, Pages 496. In paper 50 cts.
From Houghton, Mifflin & Co., Boston.
The Whittier Year Book, Price $1.00.
Ruling Ideas of the Present Age, by
Rev. Washington Gladden, D. 1). Price
$1.25,
A Singular Life, by Elizabeth Stuart
rhelps. Price $1.25.
From C. 11. Kerr & Co., Chicago.
A Breed of Barren Metal, by J. W.
Bennett. In paper, 25 cents.
The Whittier Year Book, "containing
passages jrom theverseand and prose of
JohnGreenleaf Whittier, chosen for the
daily food of the lover of thought and
beauty," published by Houghton, Mifllin
& Co., Boston, is a dainty volume that
will delight the eye and be a joy forever
to the minds of those who are so fortu
nate as to be able to possess it. It is a
charming book tor a New Year's gift.
Whittier's poetry is remarkably rich in
thought gems and spiritual truths. Much
of it will live always, because it voices
the longings and aspirations of the pur
est and highest natures. Whittier felt
for the poor and the oppressed. His
heart beat for humauity. He was a true
friend of man, and his words will be ever
fresh, perennial, suited to all times. lie
was one of the few who could say:
'I feel the earth move sunward
I Join the great inarch onward."
15th Annual Meeting
Nebraska Farmers' Alliance and Indus
trial Union will meet at Grand Island,
Tuesday, Dec. 31, at 10 o'clock a. m., and
hold in session two or more days. An
open meeting will be held the evening of
Dec. 31st, at which the citizens of Grand
Island are cordially invited to be pre
sent. The Alliance principles will be dis
cussed by prominent members.
All friendly papers please copy,
W. L. Dale,
Lune E. Kellie,
Secretary.
President,
Wherever there Is a sin, It Is sure to
tw jnnnypJiya Rorrpwnnles8 js at
The Battle Hymn of Freedom
(The following aong la in Armageddon, aet to
the mnaie of the world (unions Marseillaise. It ie
a good ample of the quality of the aouga of the
book. Price 30 centa l
Ye Bona of liberty, defenders
Of Freedom, and of deathless Right,
Again the Lord of Sabaoth tenders
"A sword," a sword, and bide yon tight!
Behold the poor and bear their cried!
Behold the poor and bear their cries!
Shall tyrants drag them bound in fetters
Of canted law which keeps them slaves.
And even grudge them land for graves?
Shall workera be perpetual debtors?
Unite, unite, ye Just,
The sword of truth draw forth!
Advance, advance with mighty tread,
From west and south and north!
Advance, advunce with mighty tread.
From west and south aud north.
Here, here where Liberty first lightened,
And freedom spoken shook the world.
Where hope for all the humble brightened,
And mightiest klog'ewere backward hurled,
Lo here, where equal rights are pledged,
Lo here, where equal rights are pledged,
Are kinga with all their blood of curses!
In this broad land by blood made free.
Dependent millions bend tbe knee
And plead with tears tor sov'relgn mercies!
Unite, unite, etc.
With titles flaunted in our faces
They trample down the people's will!
They crowd the millions from their places,
And call on hireling hordes to kill!
Above tbe earth they sit euthron'd!
Above the earth they sit enthron'd,
And sweep their realm with hnnger ecourgea!
They drive the poor from nature's stores,
For greater gain they lock the doora,
And dare the crowd that round them surges!
Unite, unite, etc.
They claim the ways which commerce uses,
As bold highwaymen robbing all!
They bold exchange, and each refuses
Its nse till all before them fall!
The people now are ruled by gold!
The people now are ruled by gold!
But shall we here be made tbe minions
Of kings, on freedom's sacred soil.
And yield them wealth by slavish toll.
Content to wear their galling pinions?
Unite, unite, etc.
Once more, once more are heroes waking,
As dawns a righteous day foretold,
And marching forth, their cry is shaking
Tbe hideous shapes of evils old.
By a'l for all our laws shall be!
By all for all our laws shall be!
The forming hosts of honest labor
Shall give to each his place, his part,
With equal worth In every mart,
And neighbor live at peace with neighbor!
Unite, unite, etc.
George Howard Gibson.
Are Yon a Real Keibrmer
My dear sir, where are you at? Do you
know what you believe, or are you just
guessing at it? We heard you say you
were a reformer a Populist yet when we
incidentally mentioned the co-operative
commonwealth favorobly your brow
knitted into lines and cross-lines, and
you seemed much vexed. In what you
said we learned that, like many others
who are prancing around on the surface
of things, all you want or expect along
reform lines, is a reform of the present
system. It seems never to have occurred
to you that the evils that afflict the na
tion are the product of a system itself
basically wrong. The fact is. my dear
sir, you are not much of a reformer. If
in the game of grab in which, under the
competitive system, we areall necessarily
engaged, you had gathered to yourself a
little more "filthy lucre," you would not
be a "reformer" at all. You haven't risen
yet above the plaster aud poultice meth
ods of correcting evils. I fear there is a
lingering hope in your mind that a turn
in the wheel of fortune will land you
amongst, the well to do. Then how con
servative you would bel Now, fair warn
ing! This reform movement has but one
ultimate, viz; the co-operative common
wealth. Thirty years ago chattel slavbry
was wiped out in this country, and
thirty years from now the people will be
pointing back to the time when wage
slavery was wiped out. If you are not
going that way, get out of the road and
let the procession pass. Don't stand
around in the way, with your little plas
ters aud poultices, shouting, "I am a re
former," but make room for those who
have the moral courage to do thorough
work. -New Charter.
FACTS AND FALLACIES.
Money Does Not Measure Values bnt Sim
plv 1-xprenses Tliem In Monetary Terms.
Mr. Thomas Hitchcock the financial
editor of the Sun, has as many financial
fallacies sticking to him as there are
cockleburs in a sheep"s tail. He says,
for instance, that money is the meas
ure of value, though it is doubtful if
he could tell us what value is. It is a
quality so subtle and elusive, appear
ing and disappearing, that a satisfac
tory definition of it has never been
made. It is as hard to catch and hold
as the vagaries of the human mind.
We can send a little child to the
store across a street for a pint of mo
lasses, and have the means of finding
out if the transaction has been a fair
one, for there is the pint cup at hand.
If money were the measure of value,
we could give the same child S"0or$100
to buy a horse, with the same certainty
that we would get value received. Any
body would be willing to send a child
for a pint of molasses, but who would
be willing to send a child to buy a $50
or S100 horse? And yet, if money
were the measure of value, one trans
action would be as safe and as simple
as the other.
Modern economists have entirely dis
carded the fallacy that Mr. Hitchcock
brings to the front again. Money is
not the measure of value, butthe ex
pression of value. Value cannot be
measured, but it can be and is ex
pressed in terms. We should have
value if money were abolished to-morrow,
but the terms of expression would
change. We should have value, but
prices would disappear.
As all fallacies are futile In their
very nature, it is hardly worth while
dealing seriously with this belated one
that Mr. Hitchcock thrusts into the
discussion. Like "intrinsic" value,
the moment the mind is focused on it,
that moment it resolves itself into its
original vapor.
But the financial editor of the Sun is
not wrong in all his conclusions. He
I deals somewhat sarcastically with the
JJdea jthathecanse the government is-
is engagea in ue Dancing uusiuoaa
We often hear it said by some banker,
whn is not anv too well versed irrj
economics, that the treasury no,te
should be retired so that the govern'
ment may "go out of the banking
business. " How few bankers there are
who are ignorant of the fact that the
issue of notes is, properly speaking,
no part of the banking businessl It is
a function that has been engrafted
upon the banks, but it does not prop
erly belong to them. It is the business
of banks to receive money for deposit,
to loan money and to discount notes. ;
When the government issues its treas-jf
ury notes, it is no more engaged in thf
banking business than when it is bo
rnwincr mnnev bv issuing bonds. 41l
- a j -J o maw
one case it borrows money and pays
no interest on it, and in the other it
borrows money and pays interest. How
can these transactions be called "bank
ing?" Only men who are decidedly ig
norant could confuse the banking busi
ness with the issue of notes, J
All this talk about the government
wnlnn rtnf rf thft Vinnlrino' VinsiriPSS IS
g""l5 ,
indulged in by men who have purely
selfish ends in view. They want the
government notes retired so that the
banks may issue the notes instead and
thus have an opportunity of manipu
lating the currency to suit theijrt
purposes. But even as it ls,.,th(y want
the government to retain supervision
of the banks and to lend them its
credit.
It is a beautiful scheme altogether,
and Mr. Hitchcock touches it up with
may add that there is no banker now
living who will see the greenbacks
and treasury notes retired. Atlanta
Constitution.
THE ASSOCIATED PRESS.
It Is Dominated by the Money Power and?
Its Reports Are Garbled and Mislead
ing. The shameful manner in which the
Associated press reported at Atlanta,
Ga., misrepresented the action of the
Farmers' National congress on the
silver question, is enough to cause
thoughtful people to accept with a
degree of allowance any statement the
Associated press may send out concern
ing the finansial question, or any other
subject in which plutocracy is deeply
interested.
The editor of the Journal of Agri
culture was a delegate to the Farmers'
National congress, and a member of
the committee on resolutions, and is,
therefore, in a position to know" what
action the congress took upon
this
question.
The committee on resolutions re
ported, for the consideration of the
congress, three separate propositions
on the silver question. They were all
J X - e I A
rettu ueioru any were acteu ujjuu,
that members could vote down wh
did not suit them, and reserve t
vote for what each considered the
no
proposition. The following was
sented first:
L -
Resolved, That the Farmers' National con
gress Is in favor of the equal use of both gold
and silver cola as money and equally as stand
ards of value, and to secure this object we
favor:
1. A conference to be called by the United
States of those nations ready to accept bi
metallism with the unlimited coinage of both
gold and silver on a ratio to be agreed upon.
2. A law requiring duties on commodities
the product of. or imported from, mono-gold
nations, to be paid in foreign gold coin.
3. A law requiring duties on silver imported
from gold nations, and denying it coinage
privileges at our mints.
Several amendments were offered,
but all were voted down. Among them
was one to strike out the words "to be
agreed upon," and insert the words,
"not higher than 16 to 1. By com
mon consent of the silver men this was
voted down to clear the way for the
second resolution which contained an
unequivocal 16-to-l declaration. The
Associated press reporter garbled the
report by sending broadcast to the
world the statement that "a sensation
was sprung in the form of a fight on
free silver, which resulted in the com
plete defeat of the 16-to-l forces. By
a vote of 251 9-14 to 104 5-14, the con
gress refused to insert the words 'at a
ratio not to exceed 16 to 1' in a resolu
tion asking congress to use both gold
and silver on a parity, and calling for
an international conference on the
monetary question."
The congress then took up the sec
ond proposition and adopted it with
an almost unanimous vote. It w as
follows: v
present ratio of 16 to 1, guarded by an Import
duty upon foreign bullion and foreign coin
equal to the differences between the bullion
value and coinage value of the metal at the
date of Importation, whenever the bullion
value of the metal is less than its coin value.
Concerning this action the Asso
ciated press reporter was silent as the
grave. The third proposition, though
it contained a 16-to-l clause, was voted
down, because the ground had already
been covered.
The Atlanta Constitution next morn
ing, under tne neao oi ".farmers Mis
represented," said, editorially: "The
Farmers' National congress adopted
resolutions declaring emphatically for
the free and unlimited coinage of sil
ver at a ratio of 16 to 1, foreign bullion
to pay a duty which will bring it up
to the coinage value of domestic
bullion. Not satisfied with this,
apparently, the congress further
strengthened its declaration by a
resolution in favor of a double stand
ard at the existing ratio."
The Associated press reporter, in his
zeal to carry out the instructions of
his plutocratic bosses gave temporary
comiori to tne goiu buiuuiiru press,
but the truth, though crushed to earth, J
has so risen again that the Wall street
organs are very glad to remain silent
concerning the action of the Farmers!
National congress on the silver C"
tion. St Louis Journal of Agij
ture. J
Their Prayers Answered. 4
According to the Examiner; .
George Muller of England, the four
of the famous orphanages, has receil
for all purposes since the beglnnlni
his work Just $6,869,130. He has nd
told a soul of his needs, either of
own' personal needs or of his nee
benevolent work. He and his wlf
gether.have simply laid thejieedy