i THE NEBRASKA INDEPENDENT Sept 10, 1896. 2! Nebraska 3n&cpen5tnt CtnlidMtitu TUM WB.ALTH MAKMRS mmd UtfCOUt OfDMFMtfD&lfT. PUBLISHED EVERY THURSDAY t m IcdspsqdBqt Publihiig Go. At 11SO M Street, LINCOLN, - NEBRASKA. TELEPHONE 63& $1.00 per Year in Advance. Addnw all coBiaaalcatloM to, tod miX all trait, hiomj order. te., payable to THI IMDIPENDKNT PUB. CO, Lihools, an, NATIONAL TICKET. For President, WILLIAM JENNINGS BRYAN, of Nebraska. For Vice-President. THOMAS E. WATSON, of Georgia. STATE TICKET. For Govemor...............Sila A Ilolcomb For Lieut. Governor J E Harris For Secretary of State W F Porter For Auditor Pub. Accts J F Cornell For Land Commiiisioner ....J V Wolfe For State Treasurer ........J B Meserve For State Supt W R Jackson For Judge, long term.... Wm. Neville For Judge,short terra. ...Tno. Eirkpatrick For Regent A. A. Munro For Congress, 1st diet... .....J. II. Broady Three of the world's greatest econo mists, Cernucbl, Dr. Arndt and Professor Andrews, have recently declared that free coinage of silver by the United States alone is perfectly practical. They say that a silver dollar is "back ed by gold." So is even a cow, a sheep, or a hog. That is, cows, sheep and bogs can be "freely exchanged" for green backs, and greenbacks are redeemed in gold. ' They demonitized silver because it was too dear, each silver dollar being worth f 1.03 in gold. There was a time shortly afterwards when it was exactly at par with gold. Why didn't they remonitize it then? ' Here are America's two Igreatest phil anthropists, J. Pierpont' Morgan and Mark Hanna, spending millions in the effort to raise wages of laboring men and the wage worker fools won't believe it. It is really too bad. Europe has no silver but the silver money with which she does business. Will she stop trade and traffio among her people to flood us -with silver? That is what the goldbugs say. But then they were never known to say anything that had sense or reason in it. The Mexican national debt is not pay able in gold, as has been asserted by goldbug republicans, but in lawful money of Mexico. When the French were driven out in 1865 they had not a dollar in the treasury. Their public debt is now 1150,000,000 and they have the money laid by to pay it as soon as due. This great nation of over 70,000,000 people, containing a productive energy exceeding any three . of "the most en lightened nations" of Europe, most cer tainly is able to establish and maintain a monetary system of its own, and the man who fears to try it has in him the elements of a paltroon and a coward. in leuu the tower bouse 01 congress passed a free coinage bill, and before the Benate had amended it by the substitu tion of the Sherman act, the price of sil ver advanced from about 84 cents per ounce to $1.20 per ounce, or within 0 cents of par. This advance was made within ten days after the free silver bill passed the house. The same rise in sil ver will occur after Bryan's election in November. What should an honest man do when assaulted by a ruffian? Resist under the pain of being choked, or submit and then be murdered afterwards to cover up the crime. The goldbug ruffians have made an assault and threatened the severest panic the world has ever seen we do not elect McKinley. On tbe otner nana, 11 we submit it means hopeless slavery ever afterwards. We say, stand up and jfight like men, hold on to your farms and homes, resist fore closure by continuances and stays, we will bring you relief early next year. The only objection to W. J. Bryan as a presidential candidate so far brought forward is that he is too youug. But many of the great men of history were younger than he when they took the lead in publio affairs. Alexander had conquered the world and died before he was as old as Bryan. In our own coun try, Hamilton, Clay and Webster were all in the lead of public affairs when they were younger than Bryan. England's greatest statesman was much younger when he took charge of the ship of state, and laid the foundations for her future policy. BRYAN VS. SEWELL. It follows as a necessary conclusion that vicious legislation must be reme died by the people who suffer from the effects of such legislation, and not by those who enjoy its benefit. Bryan at Madison Square Garden. Now, this is precisely the reason why the people who are in downright earnest about remedying vicious legislation will not vote a ticket with a protected, sub sidized, national banker, railroad mag nate, millionaire on it Mr. Sewell does not look like a sufferer. The people cannot be made to believe that Mr. Sewell is one of those "who suf- from the effects "of vicious legislation, but they know that he is one of those "who enjoy its benefits." Free Republic. THE POLITICAL SITUATION. The populist state ticket is now com pleted and will be found in another col umn. From Gov. Holcomb, our incom parable executive to the last name on the list. They are men of pure life, able, honest and efficient. These men will give us an honest, efficient and economical state government, a government of which we will all be proud. News from the republican headquart ers is to the effect that all hope of defeat ing the national ticket in this state is abandoned. A return of the poll of the state, made last week to the republican headquarters is to the effect that Bryan will carry the state by about 20,000 majority, and that the populist nomi nees for congress will all be elected with the possible exception of one. The republican leaders have therefore resolved that while a pretense will be made to carry on the fight against Bryan and the congressional ticket, the real fight will be made on the state ticket. They hope to hold many of the free silver republicans who will vote for Bryan and our congressmen, in line on the republican state ticket, and they con fidently expect that every gold bug Cleveland democrat will vote for the re. publican state nominees without a scratch. Tbbe Castor's announcement on Saturday that the gold bug demo crats would not put up a ticket in this state, sent joy to the hearts of the re publican leaders, and Saturday and Sun; day they were in better spirits than for some time past. The Independent presents the situa tion to the populists of the state so that they may know where the onBet is to be made. Populists must begin earnest work at once. Tne election 01 tne wnoie popu list state ticket is a matter of vast im portance to the party, both in state and nation. The party must not only hold its organization intact, but it must in crease its votes or it will lose all influ ence on national legislation. It is owing to the energy and self sacrificing work of individual populists, that the money question is now before the whole Ameri can people. If we can elect our whole Btate ticket, we can next bring forward the ownership of railroads, telegraphs, or some other fundamental policy of the party, which is of just as much import ance to the welfare of mankind as this money question. Let every populist in the state, off with bis coat and go after these enemies of mankind with the enthu siasm that is engendered by a righteous cause and the energy inspired by the hope of complete success. "REDEEMABLE IN COIN." Mr. Bryan in his Albany speech said: "It is not to be expected that a person will always find in any platform every thing which he desires, and nothing which he does not like." , That is well stated and is the exact position taken by populists in regard to the Chicago platform. There is one thing in that platform the populists "does not like," yet every populist is an enthusias tic supporter of W. J. Bryan. Populists do not believe that any gov ernment can permanently float a paper money issue redeemable in coin without establishing a bank ol loans and dis counts to protect its coin reserves. Cer tainly no government has ever yet been able to do so. Whenever a government has issued "a promise to pay in any sufficient quantity and made it legal tender, it has always suspended specie payments or been forced to buy specie with bonds. England issued paper money, a prom' ise to ;pay note during the Napoleonic wars, and then immediately suspended payment. We did the same thing during the civil war. The whole thing has al ways been a sham and a fraud and al ways wilt, and populists will nut advo cate shams and frauds. There are but two ways in which a gov ernment can issue paper money. One is the way the bank of France does it and the other is the way the bank of Eng. land does it. When the French authorities issue a note, they do not print on it, "The Bank of France promises to pay on demand five francs." They simply print on it "five francs." No one can take it to the bank and get gold or silver for it. It is a full legal tender primary money. Un der this system the Bank of Franceholds more gold and silver than any other European government. The Bank of England issues notes re deemable in gold on demand, but it is a bank of loans and discounts. A large part of the business of London is done on money borrowed on call from the Bank of England. If there is a run on the banks gold reserve, it simply calls in its loans which are all payable (in gold and raises the rate of interest on loans so high that no one can afford to borrow. That piles op the gold in the Bank of England's vaults. Now if the United States issues a paper money redeemable in coin, and Morgan Ikelbeimer. Heidelback. Lazarus Frere and their partners want to makea panic, it will be an easy thing to gather np this paper money and go to the treasury and draw out the coin. How will the govern ment get it back? There is but one way Sell bonds. It is for these reasons that populists are opposed to a government paper monev "redeemable in coin." It is an unpracticable and unworkable scheme. PROPHETS OF EVIL. Every gold standard man in the United States predicted at tip time of passage of the Bland act that "it would drive gold out of the country." But in stead of the flight of gold it drew gold to us. We gained by importation the first year $4,000,000, 70,000,000 the next and $90,000,000 during the third year. During tne twelve years mat act was on the statute books we gained 1221,000,000 of foreign gold. They said it would destroy our credit But United States 4 per cent bonds, which were quoted at 101 on theday the bill passed, sold at 120 within three years and subsequently rose to 130. They said it would prevent the resump tion of specie payments, but specie pay ments were resumed before the time set. Tbey were the same dismal prophets of evil which we have now. HOWS THIS, GENTLEMEN? The following document was not in tended to get into the papers by "the author, but it did so accidentally. We quite agree with the gentleman that the "money talk" hurts Mark Hanna's boom. 'Headquarters Republican Steering Committee, Keokuk, la., Aug. 22, 1896. W. F. Foote, Dear Sir: In the ca pacity of secretary of the private steer ing committee of the republican party, local, (local) I call your attention to the great harm that is being done by talking about raoneyt We must not talk money, but 'abuse of the supreme court', re pudiation,' 'tariff' and 'sectionalism.' The truth is, that, if all is known about money, we could not elect in any county in the state and Bryan would be elected sure. Now, don't be offended. We know that you are a red hot republican, but pardon us, the money talk hurts us. Please in the future keep quiet on tne money question. Truly, Secretary Private Steering Committee." PRIVILEGED ANARCHISTS. What every economist said three years ago has come true. The great banks of New York city are on the verge of bank ruptcy. None of them, however, will go into the receiver's hands. They are preparing to issue a lot of flat money called clearance house certificates. It is in direct violation of law and no banks outside the great cities dare do it. The great banks of the cities are a privileged set of anarchists. They can set at de fiance any law and not only go unpun ished, but senators of the United States will arise in their places, as they have done many times, and call it patriotism. Refering to the silver question Robert G. Ingersoll is quoted as follows: "For my part I do not ask any interference on the part of the government except to undo the wrong it has dene. I do not ask that money be made out of nothing. do not ask for prosperity born on paper, isut 1 ao asK ior tne remoneuza- tion of silver. Silver was demonetized by fraud. It was an imposition upon every solvent man; a fraud upon every honest debtor in the United States. It assassinated labor. It was done in the interest of avarice and greed, and should be undone by honest men." EUCLID OUT OF DATE. The goldbug editors are being so hard pressed that when the standard econo mists are quoted, the only reply they can make is that they are out of date. According to their logic, it would be good reasoning to say : that because Euclid has been dead some time, geom etry, trigonometry and calculus are all out of date, and the theorem which states that "angles which one straight line makes with another, upon one side of it, are either two right angles, or to gether are equal to two right angles," is out of date, and in modern gold stand' ard times they are equal to three right angles. To sustain ;their theories they need a new science of mathematics as well as of political economy, one by which they can prove that two and two are equal to one, or if you take four billion dollars from eight billion there are nine billion left, and therefore, after destrying half of our money, we have more money per capita than we had before. Yes, Euclid is dead, and the deductions of the science of mathematics are therefore all wrong. ONE ARGUMENT FOR GOLD. The Cincinnati Times-Star says: "We heard an undertaker complain tbatbusi ness is very dull. People do not eat and drink so much when money is shy,' said he, 'and that is the reason why they live longer. Give me good times, for then our business is lively.' ". So it seems that under the gold standard the people be- comeAoo poor to die. De the State Journal still think that Brykn can't carry his own county? THE LATEST GOLDITE TRAVV. The most contemptible piece of hum- bngry the guldites have lately engaged in, is the story of how the government has coined 8,562.512 silver dollars during the last year, being more than were coined during the whole period be tween 1792 and 1873. They print it in their papers, tell it on the stump and carry the silver dollars around to show the date, 1896 upon tbem. Tbey must think American citizens are sap heads and idiots generally to be fooled with such a transparent fraud as that. A man who knows anything, knows that the Majestic Obescity who occupies the White House, has ordered some of the bullion in ttreasney department coined, which under the law ought to have been coined long ago, and that these new silver dollars are nsed to re deem silver certificates, and when the silver certificate is redeemed it is dis- troyed, not one cent is added to the circulation by this coi : ing business. Every man who has any thing to do with it, from the Stuffed Prophet down to the goldite newspaper that prints it knows be is engaged in a fraud, and if one tells him he is a humbug he will not heve the courage to deny it. STAND UP FOR AMERICA. Lord Liverpool and other champions of the money lords and aristocracy of England urged the adoption of the gold standard for years. Finally in 1815 England adopted it. But it had no ef fect until they sent for John Sherman and got him to stop the coinage of silver in the United States in 1873 and de monetized it in 1874. All the years af ter England adopted the gold standard, silver never varied from the 15 to 1 ra tio. England's efforts had been in vain as long as the mints of the United States were open at 16 to 1. It was necessary to capture the United States and John Sherman secured our surrender. The moment the United States stopped coin age the world went to the gold stand ard. The moment we open our mints to silver the world will go back to the bi metallic standard. The United States, and not England, can fix the standard and the ratio. The United States pro duces the silver and the gold not Eng land. Down with goldbug traitors; Stand up for America and American products. - BENEDICT ARNOLDS. The report of the director of the mint, June 24, 1894, shows that Great Britain produced fl9,155,100 of silver, while the silver using countries of America produced $160,317,400. And the Amer ican tories want Great Britain to fix the price of silver! These same Benedict Arnolds want us to crush out an Ameri can industry, and they then call them selves protectionists! America com ands the supply of silver bullion. The annual consumption of silver for coin age purposes, notwithstanding the sus pension of coinage by the Latin union, averaged for the years 1891-2-3 over $143,000,000, and the consumption in the arts for the same years averaged over $27,000,000 (see report of director of the mint for 1894), making a total annual consumption of $170,000,000, only $48,000,000 of which are produced outside of America. After consuming all the silver bullion produced outside of America, the world must buy from us $122,000,000 worth of silver bullion annually for coinage purposes, and they must pay the price fixed by us, if we have manhood enough left to fix a price. Let us do it. Let us down the Benedict Arn olds. A PLUTOCRAT'S FURY. Here is a fair specimen of goldbug argument and logic. It is taken from the address of Governor Flower delivered to the goldbug democratic convention at Indianapolis. It is the premeditated ac cusations of one of the wealthiest men of New York, a man long in publio life and accustomed to weigh his words. The words were read from previously prepared manuscript. Speaking of Mr. Bryau he said: "An untried man, a demagogue, a word juggler, he perhaps will represent the restless mob from which he rose, and with characteristic recklessness does not hesitate to appeal to base human pas sions in order to attract votes. That in this incendiary's role, standing, as he professes to stand, on principles as un democratic as those of Herr Most, be should deserve by any conception of Sarty regularity the support of true emocrata is past comprehension and explainable only by ignorance of the men and bis platform of disloyalty to genuine party faith." Bryan is a "demagogue," a "word juggler," represents the restless mob," an "incendiary." The wild fury of the plutocrats is shown in these words of Governor Flower. LITERARY HIRELINGS, The bankers have hired a "proffessor" to write economic articles for the Politi cal Science Quarterly. In the last issue, John B. Clark, a "proffessor," boldly takes the position that, "a steady appre ciating currency is not harmful. If it ap pears that gold is likely to appreciate more than silver, and to appreciate more steadily, it is decidedly the better metal The sledge hammer logic of the bimet allist has driven the literary hirelings from every position they have formerly taken, and now they are forced to advo cat this absurdity. If the bankers wanted a "professor,, to denounce the law of gravitation, doz ens of them would offer their services, and thev would make out a better caee than this hireling has done. THE MELTED SILVER DOLLAR. The story of how the house burned down and melted the gold and silver dol lars is still running in the goldbug weekly press. None of these editors stop to think that McKinley proposes to con tinue that sad state of affairs, and under his rule, the material in a silver dollar when melted, would be worth still less than it is now, while with Bryan and free coinage, the melted silver dolllar would be worth just the same as before it was melted. Now if these editors have such profound sympathy with the poor farmer whose house burned down and melted his silver dollars and really want to prevent such sad catastrophic in the the future, they will all vote for Bryan and free coinage, otherwise they are a set of hypocrites, who are at present en gaged in shedding crocodile tears. THE "MARKET PRICE." . ' In 1816 England passed a law com pelling the Bank of England to pay $20.67 for every ounce of gold offered. Since that time the production of gold has varied enormously, no two years being the same, the cost of mining has been reduced more than one-half, new processes and improved machinery have been introduced, but the "market price" has never varied since England passed that law. Now comes the goldbug of 1896 and tells us that legislatures, parliaments or congresses cannot "fix the price" of any thing, that the market price is fixed by the cost of production. Being idotic enough to believe such nonsense them selves, they think that the ordinary American citizen is as big a fool as they are. If England can fix the price of eold we can fix the price of silver. THAT PREMIUM ON GOLD. William P. St, John is an economist who dares to tell the whole truth, and to tell it plainly. Many others, while accepting well known and well estab lished principles, seem to fear the effect they would have upon the people if plainly stated and therefore do not carry them to their ultimate conclusion. St. John talks it right out. When sum moned before the Springer house com mittee in 1894 he said (p. 328.): "I will describe perfect money: Any convenient substance of about the 'in trinsic' properties of silk ribbed paper prepared to defy the counterfeiter, is sued by the authority of the law of the United States, and promising no redemp tion whatever, except acceptance for all dues of the United States and also made receivable and payable for all dues and debts, public and private, within the jurisdiction of the United States." What other economist has had the courage to say that, or anything like that? They all know it is true. Every argument based upon the quantitive theory presupposes its truth. It is the very foundation of all economic science in regard to money. What other economist has had the courage to tell the plain truth about this threat of a premium on gold? They all have the same opinion. They know that a premium on gold would be the greatest blessing that could be bestowed upon this country. But none of them have had the courage to Bay so. Now comes Mr. St. Jo tin in tne September Arena and tells what every economist knows to be the truth about it. He says: 'A premium on gold will tend to in crease our exports by causing a higher rate of foreign exchange; that is to say, by yielding a larger net return in dollars on the sale of bills of exchange drawn against goods exported. A premium wilt tend to diminish our imports by in creasing tbe cost of bills of exebange with which to pay for goods imported. "The tendency of increasing our ex ports and decreasing our imports will be, first, to set our spindles running, Bwell the number of paid operators, in crease their wages, thereby adding to their number and paying capacity of consumers, and thus enlarge our home market for all home products and man ufactures, with prosperity in general as the result assured. "The tendency to increase our exports and decrease our imports will be, second, to establish a credit balance of trade for the United States. A credit balance of trade means that Europe has become our debtor and must settle with us in money. Europe's silver money is over valued in her gold, compared with ours, by from 3 to 7 cents on the dollar. The European merchant or banker will there fore make his trade settlements with us in gold more profitably by from 3 to 7 per cent than in his silver." There it is in as plain English as it can be written. A premium on gold will benefit both manufacturer and wage earner and at the same time make gold flow into this country. Let Wall street hurry up that premium on gold. LITERARY THIEVES. The editor of the Antelope Tribune makes a vigorous protest because two of his articles were appropriated .without credit. It is no use Bro. Cary, Literary pilfering has become so universal that whatever is written becomes common property with a certain class of editors, We can show whole editorial pages printed verbatim from this paper with out one credit, and whole columns almost every week. However there aro a large number of editors in the state who will not steal and are careful to credit whotever they deem worthy re printing. The republican party has presented two bills to the American people Bill McKinley and tbe McEinley bill. Thej will both be repudiated. - It is reported that the "generals" have been tendered a special car by the cor poration in which they will ride free over the country and order the old soldiers all to vote for McKinley. ' The republican weeklies of this state seem to be no longer run by men proud of their independence, but by a lot of tip takers, from the way they are run ning the-free supplements furnished by the Wall street reform club. The democratic conm-essional cnnvn. t!on of the Fourth district met at. th Lincoln hotel Sept. 3, and organized with it D. Casper in the chair and F. M. TWin secretary. The convention unanimously nominated Judge Stark for congress. Judge Stark is also the populist candi date. The unselfishness and patriotism of both Judge Gregory and Mr. Dunn opened the way to settle the congres sional muddle in the Omaha district. udge Duffle is the candidate of all the free silver forces, populist, democrat and republican and will be elected. The re publicans will now have to give up the hope of electing even one gold standard congressman from Nebraska. The most appropriate thing the reDub- licans of Lincoln have done in this cam paign is to hang up pictures of McKinlev and Hobart in the windows of the many vacant stores where they and the ruia the gold standard has wrought can both be seen at one glance. It has been charged that the populists or free silver democrats did it, but that is untrue. The republicans did it themselves. Colonel Breckenridge of Madaline Pol lard fame, was a delegate highly hon ored at the Indianapolis gold bug con vention. The press report said: "He closed with a brilliant and eloquent peroration, on the duty of patriots to home and country." Think of that old libertine denouncing Bryan and talking about "home." The goldbugs are wel come to him. General Sickles, who bna ing two salaries and a big Jpension from the (rovernment most, nf tha tima since the war, is coming west to order the privates to vote for England's gold standard. He does not seem to realize that the man who carried a musket is ia a position to issue orders himself through the ballot box, and that he has mind to do it. CUT IT OFF SHORT. The New Republic doesn't approve of Mr. Hardy's political course at all, and indulges in the following queer sort of logic. It says: "Mr. Hardv has so taken tn heart- th. . appeal to "Come in ont of the mot that hereafter the New Republic will not refer i-u uiui ngtun uunng mis campaign. De- uiariDg uimsen a proniDitiopist and vot ing the democratic tinket. democrat and favorable to the sale of rum." Why didn't the New Republic sav that Mr. Hardy could be Been reeling drunk every day since he had resolved to vote for free siiver, and not cut it off with tbe phrase declaring that he was "favorable to the sale of rum." Mr. Devine, until recently secretary of the bimetallic league, controverts thev statement from the London Financial News, that it never published the edi torial which has been much commented on, favorable to the American coinage of silver. Mr. Devine shows the press- clipping furnished him bytheDurrant agency of London, giving the extract from the Financial News in line with the original statement. Ex-President Harrison made a McKin ley speech in New York last Thursday. " The papers say that "the lower tier of boxes were gay with beautifully dressed women and men in evening attire." The swallow tailed men and decoilete women were all there. They are all for the eold standard. And Chauncy Depew and Harrison talked to that sort of crowd about "work and wages!" Could any thing be more sublimely ridiculous? TRY AGAIN, M'KINLEY. McKinley, in his letter of acceptance, ays: "The mennincr of tho pniimmi nlonlr q vv.uhqw IUU adopted at Chicago is that anyone may noftoo uauwy ui silver UU1I1UD, DOW worth 53 cents, to the mints of the United States, have it coined at the ex pense 01 tne government, and receive for it a silver dollar, which shall be legal tender for all debts, public and private. ine owner 01 tne Duinon would get the silver dollar. It helnnom to him on? body else. Other people would get it 1.. 1 1. 1.1 1 1 . . . . . uuijr uy meir lauur, me products oitneir land or somethinor of vnlno. Tha Kniiinn owner, on the basis of present value, wuuia receive tne silver dollar for 53 -cents' worth of silver and other people would be required to receive it as a full J 1 1 1 xi ... .. uuimr iu tun payment 01 aeots. He also says: , "The republican party has declared in favor of international agreement, and, if elected Dresident. it will hp mv Ant . employ all proper means to promote it. According to McKinley. it would be a. dishonorable and dishonest thing for tnis government to allow a miner to bring 53 cents' worth of bullion and have it coined into a dollar, but if Eng land says it may be done, it is riirht and honorable and it will be his "duty to em- ploy all proper means to promote it." Now, Billy, that wont do. You will have to try again. A , ; vjAA,y-.''j. j--' ... .