-it
V J
. 3, 1I96.
THE NEBRASKA INDEPENDENT
Sept
At-
1 1
u''Xcbraska 3n5cpcn5cnl
THE WEALTH MAX'S It S 4 LINCOLN
INDSfSNDMNT.
wTLISHED EVERY THURSDAY
n tws .
klspsjjdsnt Fublihiijff Go.
AtlUOHItrMt,
l:::coln, - Nebraska.
TELEPHONE 638.
01.00 per Year in Advance.
'1Nm all mbuImUom to, Md sttk all
Crafts, KOMf ordr. t pajrabl to
Til IHDKFENDKNT FOB, CO, '
Lnrooi., His,
NATIONAL TICKET.
For President,
WILLIAM JENNINGS BRYAN,
of Nebraska.
For Vice-President.
THOMAS E. WATSON,
of Georgia.
STATE TICKET.
For Governor..... .....Silas A Holcomb
For Lieut. Governor J E Harris
Ear Secretary of State........... W F Porter
For Auditor Pub. Accto... ...... J F Cornell
For Land Commissioner .....J Y Wolfe
For State Treasurer J B Meeerve
For State Supt W R Jackson
I For Jodge, long term Wm. Neville
For Judge.short term...Jno. Kirkpatrick
For Regent........... A. A. Munro
For Congress, 1st dist... J. H. Broadj
1 1 McKluley and
j prosperity.
adversity. Bryan and
LThe question is
ant low prices?
simply this: Do yon
The first thing to raise in price after
Tree coinage will be wheat and cotton.
I Falling prices is the deadly enemy of
enterprise and the executioner of pros
perity. 5 The Beatrice Times has forsaken re
publicanism and comes out for Bryan
and Sewell.
I The middle and poorer classes pay
five times as large a per centage of their
incomes to the national government as
the wealthiest classes.
f Our fadebtednes can be doubled in two
ways. First By doubling the number
of dollars in which it must be paid; sec
' ond, by doubling the purchasing power
of each dollar.
Will some goldite editor please point
to a single instance since the history be'
an, when falling prices did not produce
stress, woe and want, or when raising
prices did not bring prosperity? If such
things ever happened, please tell us when
nd where.
From the published interviews with
fRockafeller.it appears that he is con
tantly shedding tears over the fact
ithat he may he allowed to pay his work
ling men in 50 cent silver dollars. But
fthat does not prevent bim from charg
ing them three prices for coal oil all the
itime.
A poll was taken at the United States
nitentiary at Fort Smith, Arkansas,
act week. The vote stood 176 for Mc-
inley and 4 for Bryan. Rather sig
nificant, fan t it? We are frank to con-
ess that were the presidential question
be left to the vast army "doing time"
or the state there would be no question
if McKinley's election.
I WhenW. E. Chandler charges Mark
llanna that boodle and corruption
Drought about the nomination of Mc-
inley, what are the democratic
Iministrationists to think of their
l-ethods? Will the so-called sound
toney democrats go in league with them
id thus play in the hands of the cor-
irtions and monopolies, and by their
stion sanction that which they have
il ways condemned?
Kansas republicans are of the sort as
he Nebraska breed. They had a chief
patice, Judge martin, who gave some
f ecfoions against the railroads. At the
leoent republican convention they
tlowned him just as they did Maxwell in
ibis state. Mr. Low, one of the railroad
general solicitors, gave as a reason that
iailrnad managers did not consider bim
Jfsafe." : - - ,
I In ex-President Harrison's speech at
Tew York last night he asked the ques
K -
tion:
"How can we defeat the Chicago nom-
lee?"
Except by low and underhanded meth
ods and by the use of more boodling
ooney than is now in sight in the repub
lican campaign fund, the Chicago nom
inee cannot be defeated. In a fair, non
fat, open fight McKinley would stand no
m . . .
tore chance ot election than a enow
all in a certain warm country that
bight be named.
The Farm, Field and Fireside is doing
noble service to the farming interests
the country. It is one of the few agri
cHural journals which the monev nnwnr
toe not control.
. ... ,
THE I'OOH GOLDITE EDITOR.
Tie gold bug editors are having the
worst time any ant of poor devils ever
had. Now here is the Louisville Courier
Journal editor trying to answer a ques
tion of an old farmer. This befogged
and barrassed editor says that two or
phans who are living on the interest of
money left by their father, would be in
abad flxunderfreecoinage. The purchas
ing power of this income would be re
duced one half, and what they had to
buy would be increased 100 per cent
According to this editor at the end of
the first year after free coinage the poor
orphans' account would stand thus:
"Present income fl.000. This is re
duced to $500. Present cost of support
11000. This is increased to $2,000. At
the end of the first year after freecoinage
the poor orphans are in debt f 1,500,
The substance of that sort of argument
is being printed in every goldite paper in
the land. Do they expect sensible peo
ple to believe that sort of idiocy? This
gold craze seems to take on a new form
an. T
every few days, mis ourier-journai
sort is worse than hydrophobia.
It is the wholesale prices that will be
doubled not the retail. Wheat is 40
cents now. If it should go op to 80
cents does this crazy editor think that
the bakers would charge 10 ccuts a loaf
for bread? Did not bread always sell
for five cents a loaf even.when wheat was
a dollar a bushel?
It is presumable that these poor or
phans buy their supplies at retail.
The reasons why retail prices cannot
fall with wholesale prices are very plain
ly stated in the works of every standard
economist. .
POOR MR. STRODE.
Some of the most respected citizens in
this community who have been life long
republicans are putting in some very en
ergetic protests against some of Con-
grssman strode speecnes wnerein ne
threatens voters that if they vote for
free silver, the money lenders and bank
ers will immediately foreclose all mortg
ages and hereafter refuse to lend a cent
of money. These gentlemen say such
threats will make votes for Bryan, for
American citizens have a way of resent
ing threats which is some times very
effective.
But these gentlemen must not be too
hard on poor Mr. Strode. Please tell us
what he k to say. Shall he follow the
lead of John L. Webster, and tell the
farmers that it is for the good of the
of the country to have exceedingly
cheap wheat? Shall he follow the lead of
the State Journal and go to lying by
the wholesale and declare to every audi
ence that the silver dollar is redeemable
in gold or that the government has de
clared that it will freely exchange gold
for it? Shall he tell the people that the
silver dollar is a 50 cent dollar and that
812 grains of silver when coined into a
dollar is worth no more than it was be
fore it was coined, and yet by that oper
ation the receiver will double the price
of his bullion? Shall he declare to the
people that the deficit in the revenue is
caused by too low a tariff and that a
high tariff that will deminish the imports
will produce more revenue? Shall he
assert, like Parson Andrews did, that
free coinage of silver will drive gold out,
produce a great contraction of the value
of money and make it much scarcer than
it is now, and that the scarcer it gets the
cheaper it will be and we shall have
nothing but 50 cent dollars?
Gentlemen, you see that Mr. Strode is
in a pretty bad fix, so don't censure him
too harshly. He is doing the best he can
under the circumstances.
. A SO OR 200 CENT DOLLAR.
Mr. Yinton P. Stafford who is superin
tendent of the Mexican Northern railway
has been home on a visit for a few days,
and his old acquaintances have bothered
him a good deal asking questions about
Mexico. Among other things he said:
"In the United States you say our dol
lar is a 50-cent dollar, but in Mexico we
say the United States dollar is a 200
cent dollar. As the purchasing power of
our Mexican dollar has remained the
same, and the United States dollar has
doubled in value, as measured by what
it will buy, it is the logical conclusion
that our dollar is the real 100 cent dol
lar and the United States dollar is at a
premium. The tramp was an entire
stranger in Mexico until a few began to
overflow from the United States, but
these are not the kind who are looking
for work. There is not a native Mexican
who wants work and cannot get it."
NO FOUNDATION WHATEVER.
An editorial in the Daily State Journal
of August 26 on the wool and sheep in
dustryofthe United States basso far
perverted the facts that its conclusions
become entirely worthless.
In the first place it pretends to quote
a law of 1864, when in fact no law on the
subject was euacted in that year. How
ever, the law in 1864 may have been the
one in mind, as it was strongly protec
tion in character. In this case let the
Journal have the benefit of the doubt,
for it will need it to justify itself for the
article. In citing the law of 1867 the
editorial says it reduced the rates of
duty, whereas the facts are that a new
classification was adopted, and under its
operations the rates were greatly in
creased; on those grades of wool which
came into competition with our own, in
some cases as much as 100 per cent,
euough in fact to make it prohibitive,
Finally, after thus reviewing the law of
1867, the writer, la order to bolster cp
his argument, seems to have felt the
need of a law in 1874, hence proceeds to
manufacture one, for congress bad passed
none in that year. In fact there was no
legislation on wools between 1867 and
1883. The law cited by the jrriter for
1874 U a myth, as far as the statutes of
the United States show. In view of these
facts it becomes pertinent to inquire
whether the Journal is making a habit
of extemporizing its facts to suit its
needs. If we cannot trust it to give the
truth any more than it has done in this
case, then, indeed, it is time that the
people reformed the Journal as well as
politics.' :
NOTHING LIKE IT.
There is nothing like persistency. If
yon tell a lie, stick to it. That seems to
be the policy of the State Journal. Hav
ing said that silver dollars were redeem.
able in gold, and afterwards having said
they were not redeemable in gold, it is
going to stick to both statements.' In
this morning's paper it says: . "Whether
The State Journal thinks so or not it
knows that in normal times Mr. Snellen-
berger can take ten thousand dollars in
silver or silver certificates to New York
and come back with ten thousand dol
lars in gold, drawn from the sub-treas
on
DIABOLISM.
Bishop Newman weems to be editing
the Epworth Herald, the national organ
of the Epworth league, if we are to judge
from the sentiments it expresses. Here
are one or two of its editoral ideas:
"Tramp, tramp, the boys are march
ing.' That may be sung of a great army
of social vagrants who live upon the
charity of the public. There are 100000
people in the United States too lazy to
work. Their home is where night over
takes them. Many of them were origi
nally from good homes, and most of
them are artisans with trades. Some
are college graduates, physicians, law
yers, newspaper men, and even preach
ers. It la the duty of each member of
society to help weed them out.
"At present our laws are not sufficient
ly stringent. Vagrancy should itself be
regarded as a crime, and a sentence to
hard work should always be a conse
quence. Any man who cannot give an
account of himself should not be merely
lodged in trie public jail for a few days to
be well fed and sheltered from the storm.
He should be sent for sixty days to the
workhouse." '
It is a queer kind of Christianity-
Bishop Newman's kind that demands
that college graduates, physicians, law
yers, newspaper pen, preachers and even
wage workers shall be sentenced to hard
labor in a prison as soon as they are de
prived of the means of making a living
by this gold standard. That is hot
Christianity. It is diabolism. We are
glad to say that the members of the
Methodist church of which this Ep
worth organ is an official publication
in this part of the country believe in
Christianity and not in diabolism.
FOLLOWED ROTHCHILD'S FLAN.
When England adopted the gold
standard in 1816 there was no coin in
circulation in the kingdom and had not
been for several years. She fought her
wars with Napoleon with irredeemable
paper money, and did not resume specie
payments until 1821, five years later.
When John Sherman threw the United
States onto the gold standard in 1893
there was no coin in circulation and had
not been for twelve years. We fought
the war of the rebellion with irredeem
able paper money and did not resume
specie payments for five years after
wards. John Sherman followed the
Rothchild's plan exactly and in both
instances the same results followed, viz.,
bankruptcies, tramps and millionaires.
WON'T GO INTO POLITICS.
Bishop Newman would do well to fol
low the example of the Catholic clergy
and keep quiet. The New York Inde
pendent, a rabid Protestant religious
gold sheet, Bays:
"We have been reading our Catholic
exchanges with a good deal of interest
to see what position they will take on
the question of honest money, and we
are sorry to say that we do not find a
single one of them that comes out dis
tinctly against the unlimited coinage of
legal tender silver. Most ot them avoid
the subject or show their sympathy with
the populist and democratic platforms;
only here and there is one aggressively
populist. Cardinal Gibbons declines to
speas. uisnops ana archbishops are
equally reticent. In a single case wo
have an outspoken word in favor of the
s"Klegold standard, and that comes
from Mgrs. Augustin Zeininger, the vi-'ur-general
of the Milwaukee archdio
cese."
WILL THE STATE JOURNAL TRY T
The ratio of production of gold and
silver, according to the report of the
director of the mint, for 1890, was21.93
to 1. In 1895 it was 16.64 to 1. The
average price of silver in London in
1890 was fl.04. In 1895 the price was
54 cents. Just as the production has
decreased, so has the price gone down.
Now, Mr. golbug editor, how will you
make that coincide with your beautiful
theory, that the overproduction of silver
is the cause of its fall in price.
The production of gold and silver is
now pratically at a parity at the ratio
of 16 to 1. Why are not the two metals
at a parity? Come now, please tell us.
Will the State Journal try its hand at it?
The yellow democrats of Illinois have
pnt up a full state ticket in opposition
to Gov. Altgeld and Bryan, with a Cleve
land appointee, John C. Black, at the
head of it.
PRINTI. TRASH.
Ofiniuus of public men upon the sub
ject of economics are ortaleH. Much
space Is wasted in free silver papers in
printing what John Sherman said, what
McKinley eaid and what some one else
said. Before Sherman made his trip to
London and Paris in 1868 he made some
of the beet economic speeches ever made
in the United States. It is also true that
he stated to the finance committee of the
senate March 19, 1878, that, "Resump
tion can be maintained more easily up
fore a double standard than on a single
standard." It is true that McKinley has
been an advocate of bimetallism. It is
true that Moke Smith was stumping
Georgia a few months ago for the gold
standard, and that he has now resigned
a cabinet position and is going home to
stump the same state for free silver.
What does all that prove? Simply that
the statements made by politicians are
utterly worthless. The thing for a voter
to do now is, not to waste bis time read
ing that kind of trash, but to study
economics as a science and find out for
himself whether the quantitative theory
of money is true or not.
Its truth or falsity is not affected by
what John Sherman or any other man
says. What you want to know is, is it
true or not true. What learned men have
said, who have sought truth for truth's
sake alone, should have weight, but each
voter must after all be guided by his own
reason. It is a fact that all economists
assert that it is true. John Stuart Mill
has stated it in the fewest words, but all
other economists also assert it. Mr.
Mill says: .
The value of money, other thimrsbein-
the same, varies inversely as its quan
tity, every increase of quantity lower
ing the value, and every diminution rais
ing it in a ratio exactly equivalent.
David Hume says:
It is the proportion between the circu
lating medium and commodities in the
market which determines the price.
John Lock says:
If you increase or lessen the auantitv
of money current in traffic in any place,
then the alteration of value is in the
money.
James Mill says:
And again, in whatever decree, there
fore, the quantity of money is increased j
or diminished, other things remaining
the same, in that same proportion the
value of the whole and of every part is
reciprocally diminished or increased.
There are standard economists whose
works are text books in every university
in the world. Their conclusions should
carry weight with them. Tbey certainly
are to be more relied upon than the
frothings of politicians. They are noth
ing but worthless trash.
A GOOD JOKE.
A gentleman from the western part of
the state, who has been a lifelong repul
licanand has several times held office.
but who has always been a free silver
man, was very much disappointed over
the adoption of the gold standard at St.
Louis.After long study over the matter
he concluded he would have to vote for
Bryan. He came to Lincoln with the in
tention of going to the republican head
quarters and telling them so. He ran
into a gang of politicians at the Lindell,
and they rushed up to him and greeted
him with the warmest welcome. Before
he had a chance to say a word they
plunged into talking about the cam
paign. One of them asked: "What is
the matter with our speakers? Nobody
seems satisfied with them thiB year.
Everybody is growling. Here's a letter
from as good a republican as there is in
the state. He is hot about Lambertson.
He says that Lambertson is the d st
fool that ever came into that part of the
state." .
"Why does he say that?" asked the
gentleman.
'I'll read you part of his letter. He
says: 'Lambertson made a d d fool of
himself here. He told the farmers that
the canse of low prices was too much
money, and that the more money there
was in circulation the lower prices would
be. If you have any more such idiots on
your list you had better send them
south. For God's sake don't send them
here,' and then he goes on with another
lot of stuff."
"What beats me," said another one of
the crowd, "they don t like Webster
either, and we have complaints about
Horr. There is no doubt Webster did
make a bad break when he made that
speech about cheap wheat. But what
are we to do?"
They rattled on in that way for a good
while and the gentleman left without
telling them what he came for.
THOSE LIFE INSURANCE LETTERS.
The Chicago Independent, a life insur
ance 'publication devotes toe greater
part of its last issue to roasting the life
insurance presidents who sent out the
circulars about the "50 cent dollar," in
which premiums were to be paid under
free coinage. Here is one extract from it:
"It is true that the purchasing power
of a S50.000 or S75.UOU annual salary
of the president of a life Insurance com
pany would be cut considerably; but it is
also true, although Messrs. Greene, Mo-
Call, Stevens and others do not mention
either of these facts, that the farmer
would have to sell less of his grain or
stock than he does now to pay his taxes,
or the premium on his insurance, or the
interest on bis mortgage held by some
insurance company."
A large uumbe of agents write letters
to the paper after this style:
"Tin present hard times have cut down
business prospects here andthefool pres
ident of that insurance company at
Hartford, Conn., who Bent out that cir
cular letter to the people in the west,
telling them that if they voted for the
restoration of ttt and Bryan, or
words to that effect, then the company
would be compelled to pay policy holders
in 50 cent dollars, baa cut out life In
surance business altogether. The peo
ple retaliate on such fool breaks as that
by repudiating insurance companies in
general and men who represent them, at
least that is tbe feeling here."
Another one says:
"I cannot see how the silver agitation
should deter men from insuring their
uvea, for if free-silver carried, men will
pay premiums with silver and the com
panies will pay losses and matured en
dowments with the same kind of money
and Greene's philosophy of a 50 cent
dollar is all nonsense. A 15-year old
schoolboy can refute his silly argument.
You may, if you wish, publish this letter
over my signature.
The thing for Nebraskans to do is to
insure in the home mutuals.
DATE MERCER AN ANARCHIST.
In modern parlance, one who defies or
violates the law is an anarchist. See
what Dave Mercer does and see if the
term does not apply to bim. The follow
ing is from the Rocky Mountain News:
"Quantities of goldbug literature are
being sent through tbe mails in envelopes
bearing the frank of Congressman David
a. Mercer of Omaha. Tbe envelope is of
official character, having upon tbe upper
left hand corner the inscription "House
of Representatives, U. S. Part of Cong.
Record. Free," and in the right hand
upper corner the lac simile of Mr. Mercer's
signature, which suffices to carry the
package through the mails. Within tbe
envelope are to be found a speech de
livered by Congressman Babcock, which
is a part of tbe house record and entitled
to be franked, and no less than thirteen
other documents, none of which are en
titled to be franked by Meacer or anyone
else. They include all the bulldozing
literature which is being sent out by the
Railway Age, and an assortment of leaf
lets and pamphlets presumably furnished
by the republican national congressional
committee."
OCR NATION'S CREDIT.
The plutocratic press tell us (and the
"pretty poll" politicians all over the
United States keep repeating it), that
our nation's credit is endangered by the
agitation of this silver question.
The absurdity of such an assertion is
apparent to any individual with a grain
of common sense. The bonds of the
United States, which read that they are
payable in coin, sell on the market to
day at 118 or at 18 per cent premium.
And yet the nation's credit is endangered
is it?
These blood-sucking leeches tell us that
in order to maintain our credit, we must
issue more bonds, get deeper and deeper
in dept and restore the confidence of
Wall street. Will some gold bug please
arise and tell us who it is that has lost
confidence in this government? The
fact is, gentlemen, they take Uncle Sam
uel for a greenhorn and are playing a
confidence game on bim.
Credit means nothing more nor less
than the power to borrow, and as long
as a United States bond is above par,
this nation's credit is all right. They
pretend to lose confidence in the ability
of the government to maintain its paper
currency at par. They gather up the
greenbacks, treasury notes, etc., de
mand their redemption in gold (although
there is nota shadow of law for it), and
having depleted the treasury of its sup
ply of gold, reinvest the gold which they
have drawn out with a coin certificate or
note, in the coin bondof thegovernment,
paying therefor a premium. Why do
they do thiB? Not because a government
bond is any better than a government
note, but because there is no safer invest
ment than a United States bond, and
they are after their interest. This na
nion's credit is all right. The ability of
this government is just as ample to
maintain its paper currency at par,
which costs us no interest, as it is to
maintain a coin bond at a premium.
Gentlemen, there is a "nigger in the
woodpile."
There is not an intelligent American
citizen in the United States who has the
least doubt of the stability of this gov
ernment, or its ability to meet its obli
gations according to contract, yet they
will take up this senseless cry of "loss of
credit," "destruction of honor" and "na
tional disgrace."
There is not a man in the city of Lin
coln who, if I should owe $10, would
make any objection whatever whether I
tendered payment in gold, silver or pa
per money. Why then do we have so
many men ehoutingfor a gold standard?
If they are not gold men for their own
sake, they may be gold men for some
body else's sake. Hunt that man up
for whose sake you have declared for a
gold standard. When you have found
him, find out whether he is working in
the interest of tbe people of the United
States, or whether he is working in bis
own selfish interest. Nine times out of
ten when you run him into his hole you
will find him to be some Shylock, who is
agent for Lombard street, London.
All of you who have lost faith in the
government of the United Stetes, stand
up and be counted. You men who love
your country, you who believe that this
is the greatest government on tbe face
of the earth, you who believe this is a
government for the people, of the people
and by the people; go to the polls next
November and cast your ballots for Will
iam Jennings Bryan, and posterity will
call you blessed. G. H. Walters.
Show me a man whose sympathies are
with the idle holders of idle capital, and
I will show you a man who wants as
little money as possible and puts it on
the ground that he loves his neighbor
better than himself. W. J. Bryan.
A GRADUATED INCOME TA$.
TheChicagoand St. Louis platform
demand a "graduated" income tax. It
is based upon the public sense of justice
and is according to the oblvious de
mands ot the public welfare. Tbe public
will recognize that the ability to pay
taxes increases faster than the private
fortune; the public will feel that the sac
rifice becomes less as the size of the for
tune grows greater; and the public wilt
know that tbe well-being of the nation
will be increased by a distribution of
public burdens, which will enable the
small property owners to gain a com
petency, even if it soriously reduces the
income in exepss of the demands of com
fort or culture or character. The public
welfare is the supreme law, and the
heart and conscience of the nation are
booud to give effect to measures which
shall make the wealth of the nation syn
onymous with the national well-being.
FOREIGNERS OWN IT ALL.
Sixty per cent of the stocks and bonds
of the vast Pennsylvania railroad sys"
tern is said to be owned in Europe.
Nearly all tbe Illinois Central railroad
extending from Chicago to New Orleans,
with great city properties, and brancbea
and laterals, is owned in Holland.
Great ownership in tbe immense prop
erties of the New York Central railroad
company, and all its vast railroad con
nections, is held in Europe. v ,
A controlling interest in tbe Great
Northern railroad running from Lake
Superior to the Pacific ocean, is owned
in England.
A controlling interest in the Northern
Pacific railroad, lying south of and aa
extensive as the last named railroad, i
owned in Germany.
Large, if not controlling interests in
every other important railroad in the-
United States are owned by European
investors.
The immense Carnegie Iron Works at
Homestead, in Pennsylvania, are owned
principally in Scotland. .
The controlling interest in the famed
Pillsbury flouring mills at Minneapolis,
the largest in the world, is owned in Eng
land. - v 1 - '
The great iron mines of the Lake
Superior region, said to produce 10,000,-
000 tons of iron ore a year, are largely
held by English investors.
A controlling interest in the Grant
smelters in Denver and Omaha, the larg
est in the world, is owned by Englishmen.
Foreigners own immense interests in
the breweries of the country, largely if
not contollingly.
The largest bankers of New York are-
foreigners, or representatives of foreign
banking houses. These are the great
gold shippers.
A large percentage of our fireaud mar
ine insurance is in foreign insurance com
panies. . :
Five-sixths of all the freightage of our
foreign commerce is carried in foreign
vessels.
Foreigners own millions of acresof our
farming lands.
They own millions of dollars in value
of our city properties.
Their raortguge loans overspread the
face of the country.
Foreign capitalists own hundreds of
millions of United States bonds and
state bonds; and they own untold mil
lions of city bonds and other municipal
obligatfuns in the United States, and
vast amounts of other properties not
here specially stated.
So great has become the aggregate of
all these ownerships in United States
properties by foreigners living in foreign
countries that the aggregate cinnot be
less than f7.000,000,000 or $8,000,
000,000, with an average of earnings of
not less than 5 per cent per annum.
Besides, there are a great number of
wealthy people who are annual tourists
to foreign countries; tourists who live
expensively, and invest large sums of
American money in European luxuries
and costly productions. The sums so
expended have been estimated at $100,
000,000 yearly. This is probably exces
sive, but the amounts are known to be
very great.
The aggregate of all these European
dues on investments in this country
and expenditures by our tourist classes
may with fairness and moderation be
placed at $400,000,000 each year. This
is Europe's annual money demand upon
the United States, to be responded to in
gold, or gold values, in new railroads or
other investments, or trade balances.
Every one of these foreigners is an ar
dent advocate of the gold standard. He
calls every dollar that will buy less than
two bushels of wheat, eight bushels of
corn or nine pounds of cottou a "depre
ciated dollar, a "dishonest dollar," be
cause he wants the interest on his invest
ments paid in "dollars" of the greatest
purchasing power.
What must we think of the intelligence
of the Nebraskan who will vote to make
that kind of dollars?
When he has freight to pay these for
eigners, he insists on paying them in dol
lars for which he must give two bushels
of wheat or eight bushels of corn, when
by an intelligent use of his vote, he could
pay them in dollars for which he would
only have to give one bushel of wheat or
four bushels of corn, or half the number
of days' work and have the remaining
wheat and corn left, with which he could
buy something for his wife and children.
Now he insists in giving it all to the for
eigner. WThieh would you rather have, gold at
a premium or wheat, corn, oats, hogs
and cattle at a discount?