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About The Nebraska independent. (Lincoln, Nebraska) 1896-1902 | View Entire Issue (Oct. 8, 1896)
Oct. 8 189C , THE NEBR SKA INDEPENDENT THEY DODGE TAXES. THE "HONEST MONEY" MEN OP THE CITY OF CHICAGO. Pmbllo Plnaderera to Shield Themselves Within the folds of Old Glory Wamg the Flag wltb On band and Plundering- with tha Othar. Chicago, Sept. 28, 1896. Special. The Chicago gold bug papers announce that a movement is on foot to decorate the streets with American flags and bunting in honor of the'honest money campaign." Imitation is the sincerest flattery. The flag adjunct to the gold standard cause had its start one afternoon in the New York Stock exchange. The cealous patriots and patrons of Amer ican labor and industry who compose this exchange had finished a hard day's work. They had hammered down several industrial stocks on en couraging McKinley news, and were feeling good. A leading gold broker was seized with an Inspiration. Pin ning a McKinley badge to his breast, he produced an American flag and marched around the halL Other stock brokers and money lenders followed him. The press accounts declared "that scores- of well known Democratic stock brokers tore Bryan badges from their breasts and joined in the pa rade." - f This was the inception of-thi .flag movement in behalf of honest m ey. It must have been an inspiring fi.ght. Future generations will shed tears when they read how Mr. Ickleheimer, of the well , known firm of Heidelbach, Ickleheimer & Co. (maintainers of the national credit), dashed his Bryan but ton on the floor, and declared for Mc Kinley, honesty, sound money and for Kin Ka1nva1 i)tnnfw Bluff old Ben Johnson once said: 'Patriotism is the lasf refuge of a scoundrel." A modern philosopher declared that 'Waving the flag with one hand and plundering the pockets of the people with the other is a form of patriotism which is becoming altogether too com mon in this country." The honest nioney men of Chicago should lose no time in spanning the down-town streets with flags. Next to honest assessments the Chicago mill ionaire loves honest money. Let us throw a little light in on these 'honest money" citizens who are about to slop over with patriotism. You will get no information concerning them by reading the Chicago papers. Here are a few facts about Chicago mill ionaires who are now (raising a cor ruption fund to insure the triumph of honest money: Without an exception they are tax dodgers. By systematic bribery, perjury and fraud they evade the payment of their taxes and throw the burden of main taining government on the small prop erty holdSfs and the working classes. By reason of these crimes on th part of Chicago honest money million aires, the city treasury is bankrupt, the streets are unpaved, and unswept, public school facilities are lacking, and the' various municipal departments are the laughing stock of other cities and a disgrace to Chicago. Every tax dodger in Chicago Is for McKinley, honest money and a permar nent gold standard. , , They should raise the flags at once. It will not be the first time the folds of Oid Glory have shielded public plun derers. In 1872, after the great lire had swept out of existence the larger part of the city, the assessed valuation of Chicago was $347,000,000. The popula tion was less than 400.000. Today, twenty-four years later, with a population of not less than 1,600,000, Chicago property is assessed at $237, 000,000. Look back at those figures of 1872. What do you think of it? Ac cording to the sworn statements of Chicago property owners the city is worth $100,000,000 less today than it was twenty-four years ago. It may be that this is on account of the crime of 1873. If so, it is a bad showing for tte gold standard. Property in the down-town district which recently sold for $750,000 is scheduled and assessed at $65,000. Great " railroad corporations owning city real estate and property worth $25,000,000 are assessed at $300,000. One piece of property a sixteen story building worth $1,250,000, pays taxes on $65,000. There are some honest money people for you. They are going to drape their buildings with flags and proclaim to the open-mouthed world their honesty, purity and patriotism. They are not In favor of repudiation. They demand that the people of the United States shall pay their debts, j They insist that every American dollar shall be just as good as any other American dollar unless it is is Invested in their build ings. They are the guardinas of the public morals; the keepers of the pub lic conscience. Who has to pay the taxes which these millionaires evade? The farmers Of Illinois. His farm is assessed at nearly Its full value. What is left af ter thr Chicago board of trade has ab sorbed Its share of plunder, is taken by the tax collector and poured into the public treasury to be expended in protecting the property of Chicago's honest money patriots. Waving a flag with one hand and plundering the people with another is s good form of patriotism which is be soming altogether too common in this country. Mr, B,ryan' talks because about , $3) persons a day Insist upon it ttsmphls Commercial-Appeal. BRYAN'S SAYINCS. Extract from tha Speeches of tha Demo cratic Candidate. "You tell me that we must have a gold standard because England has. I reply to you that we will have bimetal lism and then 'let England have bi metallism because we have bimetal lism." "There is no ground upon which the opposition is willing to fight this bat tle. They dare not declare in favor of the gold standard, because all history teaches that nothing but suffering has followed the experiment of a gold standard." "We have been opposed to the im pprtation of criminals and paupers from abroad and we shall oppose the importation of a financial : system which is criminal and which makes paupers wherever it goes." "The vote not the bosses ran the Chicago convention and I am proud to be the nominee of the convention which gave expression to the hope, the aspirations of the common people of the democratic party." "The gold used In the arts is increas ing every year, and we shall reach a time in fact, some insist that the time is already reached when the total amount of gold produced every year will be needed for the arts, and leave bo annual product to keep up with the demand for money." "When these republican politicians refuse to tell the American people what kind of a system they would have they must not expect the American people to put their financial affairs in the hands of those who do not know what ought to be done, or, if they do know, are determined not to let anybody else know what they know." "They tell us that the election of the Chicago ticket will drive gold from this country. I want you to remember that the mere nomination of a candidate for president on a free silver platform has been bringing gold to this country for p "'v few weeks." "li Ht , Is desirable to have money come from abroad, then it is evident that we have not enough money here now, and if we have not enough money now it is better to let the money come out of our mountains and be our own money than to borrow from abroad and have to pay it back with interest some time." "We are sometimes accused of using extravagant language. But we do not have to use extravagant language. Whenever we want to be very emphat ic we turn back to the utterances of men like Mr.-Carlisle, who are now worshiping the gold calf, and use their language to show what emphasis was before their hearts were turned from the people to Wall street "I am the nominee of three conven tions, but I do not appeal to the votes of any man on the ground that I am nominated by his party. I have a higher - claim to your suffrages than party ties can give me. I appeal' to you as the only candidate to the presi dency who believes, that the American people can have a financial policy of their own." "The republican platform adopted at St. Louis declares not that the gold standard 1b good, but that it must be maintained. How long? Until the American people are tired of it? No; they are tired of it now. Until the people desire to get rid of it? No; they deside to get rid of it now. How long? Why, we must maintain It until for eign nations desire us to get rid of it, and will let us get rid of it." "In my Judgment the income tax is Just It is not war upon property, but it Is a demand that those who have property and who demand the protec tion of that property by federal laws should be willing to support the gov ernment to which they look for that protection, and not seek to use the In strumentalities of government for their own benefit and throw the burden of supporting that government on the backs of those not able to bear it" "These assistant republicans whose hearts are willing, but whose flesh is weak( laughter) may. as well under stand now that the contest In which we are engaged is not a contest for this year alone. I believe we shall win now. But whether we win now or not, we have begun a warfare against the gold standard which shall continue until the gold standard is driven from our shores back to Eng land." "The Republican platform declares ire must maintain our present financial policy not until we get tired of it, but until foreign nations get tired of it and consent for us' to abandon it To my mind, no more " Infamous proposition was ever indorsed by any party, and I cannot believe as I look into the faces of tens of thousands of free Americans throughout all these states that they are willing to trust the destinies of the people in the hands of foreigners, whom we can only reach by petition." "If anything is wrong with our laws we can correct them at the ballot, but If we transfer the legislative power from Washington , to Lombard street our ballots cannot reach them, and we can simply go upon bended knees and bet for sympathy and compassion from these who have never known sym pathy or compassion. Those who are denominated as money changers have never In all the history of the human race listened to anything but force. They have no heart They cannot feel. They know nothing but greed and avarice, which have no conscience to which you can appeal." "Democrats who believe in tariff re form and republicans who believe in prozection are able to got together wben both recognize that the money Question is superior to the tariff ques tion. A populist leader In this state well expressed the Idea when he said that, while he believed In populist doc trines, yet he was willing to lay some of them aside until he could get others, for Instance, he said, while he believed in the government ownership of rail roads, he did not want the government to own the railroads as long as the Rothschilds owned the government" "But we are notified that we cannot maintain the parity because Mexico cannot. Every man who thinks that this nation is no greater than Mexico ought to vote the republican ticket. It is the only place that he will feel at home. (Applause.) This nation can do what Mexico cannot do. This na tion can create a demand for silver ten times as great as any demand that can be created in Mexico, and if there Is a republican who still doubts that this nation is greater than Mexico, let him remember that the United States and Mexico together may be able to do what Mexico cannot do alone." "We apply the law of supply and de mand to money. We say that the value of a dollar depends on the num ber of dollars and that you can raise the value of a dollar by making the dollars scarce, and we charge that our opponents are in favor of making the money scarce because they are con trolled by those who want money dear. If you are in favor of dear money you ought to vote the republican ticket If you are in favor of making money the only thing which is desirable to own and making property the thing that everybody wants to get rid of, you want to vote the republican ticket, because- the republican party proposes to continue the present financial sys tem, the object of which is to make it more profitable to hoard money and get the increase in the rise of the value of the dollar than to put that dollar to work employing labor and developing resources of this great country." Plutocracy Illustrated. In answering a correspondent the New York World quotes from the cen sus of 1890 to show that 3,000 families awn over $12,000,000,000,000 over twelve thousand million dollars of the wealth of the United States. At such a time as this, the World is flot likely to be accused, of assisting ihe democratic party. So, accepting !ts figures, let us see what they mean. The total assessed value of all real ind personal property, in Nebraska un der the census of 1890 was $184,000,000; pf Missouri, $887,000,000; of Illinois, 1809,000,000; of Kansas, $347,000,000; of Kentucky, $547,000,000; of Tennessee, 1382,000.000; of Colorado, $220,000,000; M Texas, $780,000,000; of Alabama, $258,000,000; of Mississippi, $166,000, )00; of Indiana, $856,000,000, and of California, $1,101,000,000. The combined assessed wealth, real jmd personal of these twelve great itates of the west and south as shown iy the census of 1890, foots up between tlx and seven billions, while the com bined wealth of 3,000 plutocratic fam ilies foots up over twelve billions Marly twice as much. What more need be said f St Louis toet Dispatch. ' THE BENEFITS OF SILVER. How Free Coinage Would Affect tha rarmer Who Is Mortgaged. From the Cincinnati Enquirer. How would the free and unlimited coinage of silver affect the farmer who has a mortgage on his farm? 2. How would It affect the one hold ing the mortgage? OHIO FARMER. 1. The only way in which a farmer usually raises money to pay his mort gage or the interest on it is by selling his products. If these are constantly falling in price it is the same as though his mortgage and the interest on it were getting greater. In other words, it takes a greater number of bushels of his products to procure the same num ber of dollars. Suppose, instead of bor rowing $1,000 and agreeing to pay $60 a year interest the farmer had borrowed 1,000 bushels of wheat when wheat was worth $1 a bushel, and had agreed to pay sixty bushels of wheat per year in terest. There then would have been no doubt of the fairness of the transac tion. If he had borrowed it for ten years he would have delivered sixty bushels of wheat every year, and at the end of ten years would have re turned 1,000 bushels of wheat, and everybody would have said that he was an honest man. The farmer who ten years ago, however, borrowed $1,000 and agreed to pay $60 a year interest, has found that he has to give more than sixty bushels per year to pay his interest, and that if his debt is now due it will take more than 1,000 bush els of wheat to procure $1,000 to dis charge the debt In other words, year by year, the dollar has Imperceptibly increased in value until, within twenty three years, it has become twice as val. uable when measured in all commodi ties in general. The farmer does not understand how this has been done. H knows that it is very distressing to him, but if he objects he is told that he Is an anarchist and a repudiator, and the man who demands twice the value he loaned-is considered honest The free and unlimited coinage of gold and silver would stop the fall in price of farm products. z. Tne lender of money should r ceive, when the loan is due, money whose purchasing power is the same as that which he loaned. He Is entitled to no more; he should receive no less. The trouble with the gold standard is that year by year it has been giving an un earned increment to money lenders and holders of securities calling for a fixed number of dollars. We maintain that by using all the gold and all the silver we could get as money we should have a dollar whose purchasing power would not be increasing year by. year and thereby robbing- Che debtor. At the ! same time It would return to the cred itor the full amount to which he is Justly entitled. Silver aad Firm l'rlres. Iowa wants free silver because It will give silver prices for the products of her, farms. Our crop of corn in 1895 was 285,000,000 bushels. The market value on a gold basis was $48,500,000. On a silver basis it would bring $97, 000,000, or an increase la the circula tion of Iowa for corn of $43,500,000 in one year. The total crop product of Iowa farms for 1895 was, gold valuation, $168,235,420. To measure it on a sil ver basis it would bring $336,470,840, an Increase in the currency circulation in Iowa for one year of $168,235,420. Perhaps some doubting Thomas may think free sliver would not do this. For an answer, I point to silver coun tries, where the price of farm products is practically double ours to-day. I point to the circular of President Ives of the Burlington, Cedar Rapids A Northern railroad, who admits that farm products would rise in price, but says railroad charges are fixed by law, and the company would be paid in sil ver, and must pay interest and bonds in gold, thus losing the difference in exchange. Suppose the company does suffer the loss of the exchange, would not Its share of that $168,235,420, the silver price, over and above the gold price of the crop of 1895, more than recompense them for the loss In ex change, and is the volume of their busi ness regulated by law? It must be borne in mind that Iowa is an agricul tural state, and to lessen the value of her crops is to cut off the life-blood of her commerce. For fifty-two weeks In the year Iowa merchants are sending money east to pay for goods. One year would drain our state of all our currency, were It not for the crops of Iowa farms, which return the money, thus acting as a balance-wheel to trade. To lessen the price of farm products Is to cut off to that extent the golden stream from the tills of Iowa's merchants, causing a congestion of money in the east, which destroys business in the west, and in the course of time reacts on the eastern or manufacturing states also. For this reason free silver is preferable for Iowa to protection, aa the farmers are really the foundation of national prosperity, and it were bet ter for the whole nation to tax manu facturers and give a bounty on each bushel of crops raised than to tax the farmers by protection for the bene fit of the lesser industry, manufactur ing. . JOHN CLANCY. Clinton, Iowa, Sept 4. A Flea for Fair Play. The New York Independent exposes the journalistic conspiracy to misrep resent and belittle Mr. Bryan's candi dacy, and warns those engaged in It of the danger of a reaction. It said In its, last week's issue: "The fact that we do not accept Mr. Bryan's financial theories and that we repudiate the, platform on which he stands is no rea- lon for not doing him full justice. By a number of the leading New York papers he has not been fairly treated, tt was evident before he reached New: f ork,that they would discredit him br fair means and unfair, and they ere ated for him a predestined failure. Not) half of those who sought admission Dould get into the hall. The night was Insufferably hot, and it was nothing' against his ability as a speaker that hundreds or thousands who came from Buriosity went out to make room for. ret others. It was a disappointment! to many that he read his speech; but he tould scarcely do anything else, con ildering his representative character ind the Importance of the occasion. Of ' sourse, a manuscript read is a different j thing from an oration spoken, but it is do novelty. Mr. Bryan's voice was clear and strong, easily heard all over the immense hall, and it was a pleasure to hear It so admirably was It modu lated and so excellent was Its quality. Those who heard Senator Hill read tram manuscript a long speech, without 1 gesture from beginning to end, ob lerved with pleasure how Mr. Bryan iccasionally put down his notes, es pecially toward the end of his address, tnd they could easily believe the stories f his magnetic power. Those who nave belittled him as a public speaker n the strength of what they call his failure' in Madison Square Garden are peaking for political effect" Washington, Sept 29. Rev. T. De Witt Talmage, in his sermon at the First Presbyterian church, made the following allusion to the presidential campaign: "During the last six presidential elections I have been urged to enter the political arena, but I never have, and never will, turn the pulpit in which I Dreach into a political stump. "Every minister must do as he feels calfed on to do, and I will not criticize him for doing what he considers his doty; but all the political harangues from pulpits from now until the ad of November will not, in all ..he United States, change one vote, but will leave many ears stopped against anything that such clergymen may utter the rest of their lives." This statement was followed by a reference to the depression now pre vailing throughout the country, and he said that never within his memory had "so many people literally starved to death as in the past few months." He believed the country was better off after every 'crisis, and that the Almighty would settle the controversy between the metals. Don't Forget Homestead. Mr. McKinley told his Homestead ex cursionists that protection never en gaged in the work of putting down wages. Yet, no longer than 1892 Hon. John M. Palmer, McKlnley's auxiliary running mate, declared In a speech in the United States senate that the pol icy of protection and McKlnleyism was responsible for the work of shooting down wages at Homestead, WAR WITH ENGLAND. BRITAIN TO COLLECT DEBTS AT MOUTH OP THE CANNON. SlgnlOcant Threat Uttered Against the United State, by Uold nag Kntileh Pa peri Cowardly Attitude of American Tories. Chicago, 111., Oct 3. War with Eng land is threatened by the American representatives of the English bond holders and Shylocks, in the event that Bryan is elected. It is not an idle threat The money power is desperate and will not surrender Its clutch on the throats of the American people without a fight. Here are two recent editorial expressions from well-known London newspapers: London, Sept 12. (Copyright, 1896, by the Associated Press.) London1 newspapers are now more fully realiz ing the importance of the presidential election in the United States to Great Britain and the continent The Daily Telegraph says that the American de partment of the stock exchange 'a a veritable sick room, because "English capitalists will never take their inter est from the United States in depreciat ed currency," and It goes on to say that "the adoption of bimetallism, or as it would become later, the silver standard, in America, would practi cally mean the repudiation of their debts, and It is this sort of thing which leads to the withdrawal of envoys and declarations of war." The following is from the London Times and Echo, a paper of enormous circulation, owned by Passmore Ed wards, an Englishman of enormous wealth: "The election ' of W. J. Bryan a young man from Nebraska, an impas sioned orator, but hitherto an unknown politician as the democratic candi date for the presidency seals the ad herents of the democrats to the silvar itee. . The gravity of the situation can hardly be exaggerated. It is by no means so certain that Mr. Bryan may not be elected, and if he should be, and congress decrees that silver, which is today worth half a crown a pound, shall be worth 5 shillings, and that all national gold bonds shall be paid In silver, there will be war between this country and the United States before this time next year. The great capital ists who forced Gladstone to occupy Egypt will compel any government in office here to declare war against America, sooner than that their hold Ings of American bonds shall shrink to half values." Threats of this kind will not deter the American people from rejecting, by an enormous majority, English domination and a British financial sys tem. This is the same England which the United States has on two mem orable occasions defeated in war, and there is yet enough manhood In Amer lea to defend our homes against Eng lish greed and aggression. It is the same old fight over again. The Amer ican Tory, who hung upon our rear and made secret and open war against American liberty, yet exists in New York, Chicago and other great money centers. He yet longs for an American monarchy. He yet believes that the republic Is & failure. He does not dis guise his hatred of the common peo ple. He is now plotting for the dis franchisement of those who cannot qualify on a property basis. His purse is open to Mark Hanna. His daughter is either married to or scheming for a marriage with an English lord. If the election of William Jennings Bryan means war with England, we must prepare for war. Bryan will be elected, and in the war which will en sue, the English aristocracy and their American allies, the hereditary Tories of New York and elsewhere, will be wiped out of existence. They never won a fight against American freemen and they never will. SINCE THE LEADING NATIONS, INCLUDING THE UNITED STATES, DEMONETIZED SILVER, THERE HAS BEEN A STEADY FALL IN THE LEVEL OF PRICES WITHIN OUR BORDERS. BITTER EXPERIENCE HAS TAUGHT ALL WHO ARE FA MILIAR WITH THE FACTS THAT THE ABANDONMENT OF BIMETAL LISM AND THE ADOPTION OF THE SINGLE GOLD STANDARD WAS A MISTAKE THAT HAS CURSED BY ITS DIRE CONSEQUENCES THE MOST CIVILIZED PORTION OF MAN KIND. IT HAS BEEN DEMONSTRAT ED THAT THE GOLD STANDARD MEANS DEAR MONEY AND CHEAP GOODS, CHEAP LABOR AND HARD TIMES. A RETURN TO BIMETALL ISM IS INEVITABLE. INDUSTRY IS THROTTLED BY MONOMETALLISM. BRYAN STANDS FOR THE OLD AND BETTER FINANCIAL SYSTEM, WHICH GAVE US A STABLE AND, THEREFORE, AN HONEST DOLLAR. In 1895 we lost over $48,000,000 on our foreign trade as the result of the fall of prices during that single year. And the fall of the prices of our pro ducts was due to the rise of the pur chasing power of the English gold sov ereign a sovereign which Wall street is trying to make an absolute despot over all America. Mr. George's opinion that the repub licans are losing ground in the agri cultural districts ought to be well founded. The farmer who can keep on voting himself more mortgages at high rates of interest is indeed a hope less dunce. The fathers did not wait for any in ternational agreement In 1776, and why should we not feel the same independ ence In 1896? FREE ! U pa MedUal Refer ee c Book, KtTlaa; valaabie latoraation to aar naa or wo- Baa aSieiad wiife w nay form of private or epeelal disease. I Addreea the leading "n. Phyelctaaa aad 8pe ' clalistj oft hie Coon- 70 Dearborn street. Cat- DR. HATHA WA Y CO. eago, i OURSS OUARANTSBD. 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