,: s
Ik
.sW to eV "
a vTV vTV
The Wealth Makers and Lincoln Independent Consolidated.
VOL. IX.
LINCOLN, NEBU., THURSDAY, FOKUAKY 10, 1898
no. as
IJM
GREENBACK
Bocretary Gage's Scheme to Give
$200,000,000 to the National
Bankers Gratis.
A "CREDIT STRENGTHENER."
It Establishes a Bond-holding Aris
tooraoy Ag Distinct As
European Nobility.
Interest On Asset and MalilllM.
Tho groat banking corporation have
strivon, ever since tba civil war, (or the
oxcluslve right to issue pnpor money In
the United States, with the government
aa their security. The secretaries of the
treasury have acted asjittorucy lor the
corporations, and have presented their
claim "with un'uiling regularity." Con
gress, under the influence of a powerful
lobby, has fitvoredjtbe banks with much
legislation; but tbe;flual conspiracy to
destroy the greenbacks, and let the bunks
Issue notes on the crodit of tho govern
ment, and levy tribute on tho peoplo for
ever has been squolohod la every congress.
The contost, of courso, is to be renewed.
Indued, Secretary Gnge is unking more
for the banks than was asked by any of
his predecessors; and the scheme by
which the infamy is to be accomplished
is so adroitly planned and nicely worded,
that the conspirators feel certain of suc
cess. The "best banking system in the
world," luuded by Jejune journals and
dilapidated politicians, Is about to bo
remodeled.
The following are some of the things
that Wall street Is asking through Sec
retary (lego:
1'irMt That an Issue and redemption
division be established, in which shall bo
held a reserve fund of 1125 million dollars
in gold, besides the money in the regular
treusury.
SecondThat the bonds now out
standing uud which mature in the yuan
1004, 15)07, and lli?i, be refunded with
bonds that are payable Iu gold instead
- t.
OI CUIU.
Third That additional gold bonds be
issued to the amount of $1200,000,000
for tho purpoee of redeeming greenbacks,
silver certificates and treasury not oh;
that the tax on bank circulation be re
duced GO per cent and that tho bunks
shall be allowed to Ihhuo notes to the full
fuee of their bonds.
Fourth That bunks may issue addi
tional notes to th amount of 25 per
cent of their bonds, "which said U5 per
cent mn.y be unsecured by any direct
pledge of security, but teemed against the
assets of the bank," a tax of 2 percent
tieing levied on unsecured circulation.
All other money being made redeem
able iu gold, thle reserve laud of $125,
000,000 would be uticd to redeem silver
or whatever might bo presented. The
gold would have to he replenished from
time to time by iteming more bonds.
The eecretnry urges in defense of the
Hccoud recommeuduiion that the word
"coin" is umbiguous. Tho great fliiun.
ciers know that coin mean gold. Hut
according to Mr. (iuge, the "simpler uud
more humble investors" ure m doubt,
"and the public credit is the weaker
therefor." It is remarkable that the
maker of the dictionaries have not no
ticed that "coin" is a word of doubtful
meaning.
Knowing that there I a strong feeling
among the people against retiring the
greenback, Air, Hugs nays that they art)
dot to bodcHtroyud or even retired, but
nimply redeemed and held In the treas
ury, and given out auniu for gold, if any
Viim offer gold for them. II contend
Jurther that this is not the saim as enn
fovllng them, l.lttlu re diction in urns.
wiry, howovwr, to " that this proem U
,1'XiM'tly and absolutely thsnmti burn
"liiK the grvetthnek; fur wheu lligreu
tun k IS tltf 10 II given out for gold, Itsilll
ply tsH'Olne a gold (vi tltk'ttle; uud had
it not Uwn Kiven out, n ivrtlttcatu would
hitVM tnkeu its pluon. II they are to tie
ud us mjM eertltleat?, why not make
1 1, m over, or, what would b more con
venient, why uot tiuru thvtu, nud make
old wrtinVatra out Ol utber imper?
ni WWHM "1 unwn " mio,
Th rwoititnendatton to allow banks
io i ue note lor m" r wnt uwr than
tlir bond rap th ilinou of auditt-tty,
nud th tts, il will I rni'iiitrKl, t to
,, ,.-rtM"i. it th now bond nr u.-
iu a l"iu lorrirvniatloa, wml lino lnk
imw mr uot tha ihm ! ol tbHr
iMitt.U. tho lo oi lit In th govrru-
l,.t Will l,tHM,tSH m )rar, Tli
t Muk now itnt4 would W'l l I .'',.
MMl.lHNt ll tHvU irviHtto, il hm Ut
... to .r l t.on.t, or ,M,(hhhmmi it
i f imu alt tlKu, nitHuitl w bliu
ul thing to Iholf miHl, I
U tin Will t U iM-ttd t'V thta lutf i
.,,tl t!.l W.llwdl J"I,IH,IHNI to i
,.t,r mt.rvat txxiriitg Klt? 1 l4uk J
t tl mtt l-Mk. tir
! , l'" U-aU limkl I Uk
m Jvy tf lb I vt Kiul.i.l,
tb iM!t t-ttkpf, l k feottd.
,( ,.llJf M I IHMIHW bot .'' r ,
I fill
( it la U " fcwslw id
I t.DMiiiiliee, it l t M.H I, tl
'v l,
,).inl h'1 tdlUi l H
HUkf wr l gotiM,t
;IWVH , tl uM
"'' I-
U It )sk. JIWM,HIH1 t
WOf tlsk fcoll, UM
L;,nitmiii t ntfl4irnit fol-l
lm, tkh k rl ki-K. lt
bankers. Nor Is that all. If the bankers
gets hard up, the government will Ihnuo to
them 450,000,000 additional without
Hecurity. Iu ehort the bankers pay
1200,000,000 In paper money mid re
ceive from thegoverninont f '150,000,000
In paper and bonds. This is tie kind of
legerdemain that Is supposed to
strengthen the credit of the government.
Notwithetnnding the bun kern' conten
tion that the government ought to go
out of the banking busiuees, the govern
iricnt is to be In the banking biielne,
solely and wholly for the benefit of the
banks, The banks Issue the money, the
government indorses their notes and
makes them good; and tho people bor
row tho bunkers' promised to pity at 0
per cent, Interest compounded quarterly.
The government pays Inter out on its
debts; the bunkers receive Interost on
theirs,
Tho great underlying renson for this
proposed measure for public plunder, If
we may believe Mr. (luge, is to strengthen
tho public credit. If we make our bonds
payublo hi gold, and offer, with each
million of bonds, f 1,250,000 In paper
money, good as gold, as an Inducement
to buyers, our bonds would "command
the markets of tho world."
Uncle Ham is to "confirm" his credit
and reduce his debt, by culling la his al
leged promises to pay gold, such us
greenbacks und silver, and promising to
pay more gold with intereet, and at the
same time Indorelng (guaranteeing) the
notes of those to whom lis proinlee to
pay more gold. Of course, the gold can
nevor be actnully paid; but is always to
be puid In new promlees, with iuteroHt
and multiplied Indorsements (or the
bunks,
In this marvelous nystein, no real gold
will ever be needed, (iold bonds will ul
wuys satisfy the demand for gold, and
the bonds will ulwuys be eugerly sought,
becatiMoofthe paper money that goes
with them.
Hut what Is to bo tho outcome of this
Quixotic legerdnmalu? Klmply this, tho
eHtabliehing of a bond-holding aristoc
racy, with tho special privilege of lieulng
money on tho credit of government (the
people) and wringing Intercut from the
public, not only on their asHets, but on
their liabilities, not only on their cred
ItH, but their debts;" nud paradoxical us
it mny seem, tho greater their debts, tho
greater their wealth; because thejgreuter
their power to take tribute, The whole
Mclieine fit only a rellned method of laying
tribute, a civilized mode of conqunst. an
enlighUtnod etyle of subjugation. It is
war with the coet of powder eliminated,
und human agony intensified. It Is au
tomatic robbery by labor saving ma
chinery. It Isasystem of theft by proxy,
under which tho Mnnlcsof the poor take
flight as if enchanted.
Since funding tins given the bond eter
nal life, this compoNito bunking monxter
this hybrid Iseue of crossed corruptions
this nionnri'l offspring of fraud and
bribery will reach with greedy fingers
down through coming time, and tuke
the bread from the mouths of babe us
yet unborn, to enrich the beneficiaries ol
the iiioiie.y.iKNUing franchise to feed the
bond-holding arietocrucy to gorge the
rupucious mow of epecial privilege. Wil
liam Clark in The New Timo.
DECREED BV REED.
President McKlntey snd Speaker Reed
Differ as to the Ptoper Policy
The statement coined from Washing
ton, on the authority of a reliable cor
respondent, that Speaker Heed has de
termined that uo currency bill eh all lie
considered in the houee thin ncHHiou. In
thiii he in bucked by the rules committee.
Theatoryis that when the Teller-Mat-thewe
resolution came over from the sen
ate, Heed went on the lloor and assured
members Iroin districts Iu which there Is
a strong silver sentiment that if they
would vote to delta t the resolution tiny
would not Is culled upon to ukuIii Im
peril their chance of re-election. This
is interpreted to menu that the sjsMiker
will not permit the (iuge bill, or nuy
other currency bill, to come ton vote.
It was in this manner that the republican
majority wits held Iu bus uun'ust the
Teller. Milt llie resolution, Otherwise It
U Hsserteit that it miuht have pa!
Dim ioii as it did the wioitn.
If this story is true, an I it l.r vcry
fvtdxiire of being to, it will crvnt an en
tHKoiiiain siwn-n ttis sakir and tt
lirwai.loHt. Ml. MekllllfV. Under t lis til.
i.o.liipoi Kvtvtarv tlirt", and thlu.
ttii.'iuwot tln ninnufai'lurvr' laiinut. Is
rlittMl with thedeslrs to liiaVs a sipur
ttrfhl on ths ttnniielal Imum la IhufoiMlttg
eouiirMloasl -li'tiiiiis. Mr, Itwd think
tin u "tmd polite," and a mi noi l
Mndard mauri ciiii pas III tioiti,
!.)" t to any m-vur Mug iiia l Iu
tt.s hoiiw. Is ullier words, th prMndiit
think the tun ha itittitf to drop til
mask, whlW tha wilrf dvirH tit von
toot III oid iHilky Ml dliln'lt IT audit
'it, A Ivlwwn tb Iwo imluiv, that
l h prvsidvtil I arval'y to U prw
1km tatol af 'r al miplxii's
th ithtiltaiu Hiwtr ol tlinHk''r
II tau l.l. k luUii..a il 'ioau I- I bt
Him i retat sad h t th atioki
HIrr an I In ft l j I Ihs a Imooslfa-
tioa. Th ta a tnnitbtioa io at h
k IrvtiMvully allr m attt-alma,
a J , It ml agaia l nwiiwl, is a
mii uootitvvt tr tv.rvutiif
(iinutat, a ks k brHk aa iiaw iuaa
t Isrul m
Ik Uda tMHuilaili vlhti U git 4 tu
iUt I in, U' birtkdav wall a uI'!k
lawtiN al tl tVn UhIw, K J
In illvl rtin, k l rv,Mfv,
Vl4K kit . r,4iatf Mrvkmlia will l
luraiK as Mw nisi k akiu:l f
t.. lltttMiwti W, U Motlti4 4 lUa.
W, J.tWyaa,
Mi) . n.w
IS
Ull iu
Congressman Williams Says They
Would Be Of Great Benefit
To Farmore.
MONEY WOULD CIRCULATE-
Would Furnish a Mothod of fiefund
ing the National Debt At a
Itoduced Intereet
J'oslal Jlanksa Uoil Tlilnv.
jougressmuu Williums of Mississippi
tnado a speech tho other day in tho
bouse of ropreseutu lives on postal sav
ings banks. Tbo bonso wus sitting iu
tho committee of the whole, Mr. Wil
liums secured tint floor during tho din
oussiou of tho appropriation bill report'
ed by tho committee on egrioulture. Ha
said ho thought it was perfectly fair to
tllsotiss anything which wus of interest
to the agricultural class, and so lie suld
he would disuuNS a postal savings bunk
systmn for the benefit of tho agricultur
al interests.
He said he bud long boon desirous of
seeing the establishment of postal sav
ings Imnks in this country, and tbut
this desire had been based upon every
consideration of convenience to the citi
zen and economy to the government,
Ho miiil ho had yet to hear one argu
ment nguinst its expediency, What hud
troubled Mr. William most was that
ho long hud ciifortuliiod a doubt as to
the constitutionality of any ineusuro of
the sort. JIo suld ho had convinced him
self that such a muusuro would bo oon
ttitutlonul. "Tbo United Ntates government un
douhtcrily has a right to contract debt
fur currying on war or for any other
purpose within tho sphere of tho powers
given it by the Ntutex, Hucli a debt bus
been contracted and exists today, und
tho government bus issued evidence of
its Indebtedness some interest bearing
and somouonititerest bearing. The gov
ernment has mi undoubted constitution
al right to refund tbls debt, mid it bus
a right to do anything which, its an in
cident to the refunding, is ncccssury or
proper and not in itself violative in let
ter or iu spirit of any of tho reserved
rights of the states or of tho people of
tho state respectively, If, therefore,
a postal savings batik schciuo can bo so
coustituted und inaugurated as to form
a part of a refunding scheino iu tbo in
terest of the people und of the govern
ment, it would be subject to no grcuter
objection thuu any other method of re
funding. "My plun, therefore, of establishing
poetul suvmgs banks is to permit tbo
citizens of tlin several states to doposit
iu tho pOHtofllces of tbo United Htutes
any amount of money doslred to be de
posited, and when no much us f 5 shall
havo been deposited by any one deposit
or to issuo to him a bond of tbo United
states, payable oil demand, and bearing
interest at the rate of, suy, S pur cent.
Uikiii any higher deposit tbun S, iu
multiples of f.'i, to issuo a bond or
bonds, payable on deiuuud, iu multiples
of 5 to tho depositor, ami tttklug tho
money thus deposited, after forwarding
it to the propt r pluoo utul authority fixed
by the bill, and setting asida out of the
moneys thus dcMitcd a sum of, suy, 28
per cciit as a reserve fund to meet do
mituds of depositors, to tuke the other
75 per cent of the money coming from
this souroe uud with it redeem or pur
cbusti bonds of the Uultel Hate now
outstanding nt 9, H', 4 and 4 per
rent. Thus the bonded debt of the Unit
ed Mule would be gradually refunded
at a rule i f iut r t uot excetiiUng i jr
nut, while at the uiu I line the people
would U furiu.hul a nfe ilesit and a
temporary investment for small sum."
itigiudiiig the i tlx, I of the nMbllh
nun 1 1.( (he postal Mvlug Uuk system
Mr. William Midi
"It lou I cen tirKfl that tl would
drain th I-ur in tile of tha country
and thai all i f th rendy lie uy olbrt
Ih a' uinul.itiiig tbi ta would gM Io
the liiiaiit Ul iH iiM t. thiaiif thartasti
why .lv,.u itm till is that It wnubl.
In my ej ml. ill. do vtaitly the t' sil,
rli. i til Hid-tit) tt ith I lv.llie
10 the d sil. ra Iu tha hpa of
Umttl il le i n lb uau4 In til il
jt it r i t li tdi t Iu auiMunl i f
and luwluiK f J u to and ul t
iliiig ou. It Wi ubt taas iit lh
vi uimiy, a atii' an I wihwUii.-m u
atua i u vf b iit Iba
11 it Itm H lb lomy itl( i,,
K' i i M141H i il itiiti ta, I at II i al
ttua lluti lb ! u l--i itl lnnvi la
it. I l.ili . wnil 1 1 inu ia ha ind
t Dill l ltU l W lll lb i.iW Ihlol
rut U tto m al any ih4i ai J tii v4
kuI th tuauiir i f tba I'nilvil MaU
fit 1 ) i t lal mtluinl lha
em i4itt4 ly llit in sitoft,
aid HUia Ih iik i f iMtia ta4
tHM s ti anally la ilr. nliu a."
Mr VYI.tiaiM eaut 111 la kiv iaiai
Ih to. Hut i f U U il l v4 ty
ailt, tHaiitv) .i tuakt fcif
IbtHu, wvaM a'l H Ika ItwuhSa 4
going to the poNtofllcu to obtain tho no
tnul money for them, but would puss
tho bonds 011 In liquidation of tho debt,
and they would thus furnish a flexible
currency, in ordinary times, ho suld,
tbo average cltl.en would treat his
bonds up to a certain amount as bonds,
nud they would bo out of circulation,
but when they reached ait amount nt
Which other Investment would bo more
profitable they would be returned and
the money secured invested in butter
paying channel. Iu hard times, he said,
the bonds would furnish a medium of
oluarunuc among the peoplo.
Tea Kaay,
The statement is inudo by the "pros
perity" organs that railway foreclo
sures and receiverships were fewer in
number iu 1HU7 than for many years
previously, Why shouldn't tbejr bet
Morgan and a few other muguutos have
secured control of the greater part of
the total nilleiigu, The commercial
blackmail and iioiilldciuiu agencies ought
to spring a riddle that is harder to
solve. That is too cany. (Jlovuluud Cit
izen, LUETUHKT GUILTY,
The Chlcsgo Sauiftge Msksr Drtwe a
Life Hentsncs,
Tbo second trial of Adolph LLuctgcrt
came tu an end yesterday. The first
ballot of the jury stood unanimous for
conviction. Tim punishment was fixed
at , Imprisonment for life, Ltietgert
laughed at the verdict. He was assured
by bis attorney that he would have n
new trial and that it would end differ
ently, IIISTOHV or TDK CASIO,
The crime was committed on the night
of May 1, 1NU7, and I.ustgert was ar
rested on Mny 8, The rings which have
played so Important a part In the trial
were discovered Iu the vat on the Kith
of Mny. On the 1()th and VOth habeas
corpus proceeding to secure the release
of Luetgert were Instituted, but failed of
their object, lis was Indicted on June 0,
and 011 the Huh and UOlb of the same
month habeas corpus proceeding were
Instituted a second time without suc
cess, ()u August l the first trial cguii
before Judge Tut hill und lasted' sixty
one days, tha Jury standing three for ac
quittal and nine for conviction. On
November W the second trial began be
lortfj iAdO (lory and lusted seventy-two
days, Jiurlng the trial 115 witnesses
have been examined find HMO objections
to quimtions were offered by Attorney
Harmon for tho defense, Luetgert was
on the stand eigctccn and one-half hours
and answered 1,111 question put by his
own lawyers, and 1,'2'AH by the state'
attorney, The record io the case con
sists of 4.C20 piige of typewritten man
uscript of an average of fl.'IO words to
the page.
TUB NICARAGUA CANAL.
Would It Psy to Hva This Govern
ment Own It?
Senator Hernando Ho Sota Money of
Missiasippi, a frequent correspoinlmit of
the Journal upon matters of I titer 11 11
tioiial importance, contributes to the
February Mu unity's a very, dispassionate
and just article on the Nicaragua canal.
The udvantage to lie derived from Hie
construction of this canal Senator
Money enumerate very succciuctly iu a
paragraph which will repay quotation:
"While the operatiou of the Nicaragua
canal muy bo at a constant loss, never
theless the advantage tu American com
merce muy Iw an great, and our wealth
ln so Increased, that the expense may b
amply conimsated. The grain, lum
ber, Iruit, wine and ore production of
the I'ui llle coast would be stimulated
and itriiitly rularued. The mnuufuetur
erl the east would Hud a rhiuiper
roul.i to their Consumers, und could ex
M t lurKr order, Th Itimlwr and Iron
trade ol th south would Hud now mar
ket, and New Orlenn b put into a
iMwitioii to ruitit iiivw.ully lor a
!iiiiueMli ha not liuretoliira uiti.
Anion! othwr beimnU would m a lowr
lug ul through rate on IransoMutlntiutal
radwav. uud Ih pool ahieh now eon.
trot tha ehargna would bo br.ku."
Whil Ih awuator do not la any d
lir rxasiirat Ih U'lioht wbli'U would
How Irom the roimiruriioa and eoniml
ul h raual by Ilia t nlted Hlatr gowru
Uieni - lor lirnidetiia prtvata etiinlruo
Imn or govvmuioul parlnrhip aim
any inrin'rslioa- h ! nl tiaiWrraU.
ial IK ibltle iln.a la lh way, II nut
loos In lofi tha l,'' I r-tv.vul o ih
uml'-itakiag ul th wort by tti givra
Inset,
I ir, lh Hat twa Hqlar itatT Kiilsl
b alwiil, that l eglaad nta hat
iiti nu-) lor iatiVra nor 'atui
pariarshii la r.miMiof proln loral ol
lt.iu.l or a.ii-tnal Ivrtitort, It la a
mtt.f t! ilonl.l, o a hi, It th ri
cut ai ipiit a roallu'tiarf aa lby ar
aauitvu, wlil. Sitratf k Hrr
ai I'ls-bsa I mI il k Mmial
ll. I Itniiial d-iaala sWuM m luad
la Ih leatlsr.
I k .. I i wtM In iMatial
lrl with Naaaaa and i'iai !()
aatkitfiiiatf ' I nils! Mata la
r , tuaswa a J airo Ik vasal.
1k mtitM wa4 Ih aiksl id
laa In wol 1 1 a Wla Ih wotfc
liHoaan ! tiiM hoa.
hi . lloa . wilk Ik Joar-.
aat Ikal Ik aiiilka mI Hawaii a
klial u I ail-d 4taa naU. ul Ik
taaal, and artkt Io! Iktlilk fat-a
tow (.! I ca U ntaiaUad tHirn
mandliig the Currlbean sea a necessary
for defense of the entrance iu the event
of war a contingency very remote, but
for which It Is Imperative to be prepared,
lis holds, too, that an enlargement of
our navy would bo essential to the
sums end.
Hheh are the difficulties In the path,
such the heavy exjiendltiires Involved In
making the cnnul un accomplished fact
and a United State waterway, "Will It
pay?" jieople ask. la the sense of being
a producer of net profit io the shape of
interest mid dividends perhaps not,
though this Is debatable, for no man can
foresco how vastly the Incrsuse Iu mari
time trufllo between oust and west
through the (lulf mlixlit be with this
canal In niiorutloii, Hut In the broader
sense of being a profitable national en
terprise, developing tha country and IU
resources, stimulating commerce and
shipping, and checking the exaction of
railroad trusts, It would pay, Senator
Money ha la no ilcgrso overstated His
amount of this sort of profit. Now York
Journal.
THE SCHOOL LAND LAW,
Some Think It Ought to be Repesled er
At Least Amended,
The following letter bus been received
at this ofllce regarding one of the im
portant acts of (he last legislature;
1'axton, Nicii., February 3, 1808,
KniToii Iniiki'BN;knti
1'leuse allow me space in your valuable
paper to express my views on certain
mutters, As 1 see it, the political pot Is
beginning to boll nguln. There Is con
siderable commenting on 01m law that
was passed at our lust legislature, and
think It ought to be rejsialcd, that Is the
school land law. A grout many cume to
this country too late to get homesteads
uud so leased school laud Instead, ex
pectiug at soma time to be able to buy It
and have a home; but as tho law now
stands they are compelled to pay a per
(sttual debt, That Is contrary to pop
doctrine. Would like to hour from others
00 this matter; for the pop that gets
there next November must work for the
reiieul of that law, Jamb K. Linn.
Representative Sheldon, who Intro
duced and secured the passage of the
unove law, was unmled tho above with
request to discus the sumo. Here are
bis views:
F.111T011 iNinci'jeNOKNT: What Mr, Mnn
say regarding the desire to purchase
school lands Is no doubt true, Tha bill
wus introduced by me for the express
purpose of stopping the further snle of
thewe school lands to anyone. Whether
myself and the other members of the last
legislature who voted for. the bill were
right In our views of tho case Is certainly
a matter for the voters of the stats to
sit In judgment upon, uud none of us
who are populist but will welcome a
thorough public discussion of the
measure.
Tho Unified States gave the school
children of Nebraska about three million
uores of land for their education forever.
It did not give it to the settlers or to any
class of individuals, but solely to the
school children. It wus mailo a sacred
trust never to be alienated, but only the
revenue from It to be used and the prin
cipal to be kept Intact forever. The
question for the voters of this state to
pass upon Is whether legislation regard
ing this trust should be in the Interest of
the school children or in the interest of
the individual who desire to buy those
lauds. If in tho Interest of t he childruu
the act of last inter was, I undertake to
suy, one of t he best acts ever passed in
this stute; if iu tho interest of individual
who wish to buy the laud there is uo
question that It ought to be repealed.
The course pursued In iu this state for
tweuty years has been to sell the lunds
at a miiiimum price of seven dollar per
ucre, then take the money uud buy some
kind of bond with it and use the inter
est on the bonds for the temporary
echool fund. The constitution lu order
to protest tlieso lunds require that they
hull lie Invested In United States or
Mtats securities. It is uot easy to get
these, and for Home years, thern has becii
some hull n million dollar of this school
money lying Idle and not earning a cent
or the schoolchildren. In Ih Capital
National failure and In Jo I tart ley'
transaction ubotit hall a million dollar
ol tlil iiioiier wu stolen and will have
to be replaced by taxation. Tha act of
Inst a inter w as designed to preveut th
piling up of tlil money Iu Hie treasury
and put it out of Ih power of auyou to
teal that pnrt td the -rmaneiii school
lund reprfwiitml lu acuoul luuJ, It wa
also iiti I n 1 hiii th theory thai th
. lund luud had to b lnvstn lu oiiin
thing iii ordxr tu get revvitu tu main
tain Ih aehoola that an hvwl
iiient a a i al and sura and prodiabl
aa Ih land ltlt.
It Hi put th ra .riiually In Mr,
l.iaa. rupm yia ar mad trust
lor alolol t hif.lrvn, aom In leg and
other yt unUtrn. fui )o arm
utrutl with two ttiiliiou airraid N
iraka land, th Iuihiiu (mm a bah wa
la Ih uh in inlucatoitf lhm, bul Ih
principal li h ht. What would yow
d a trusiv, !( Ik Inn I and ly la
int lb no , or l't Ik 'and
linw-tiug IU poi'ul.st .rtuvi.W ap
t.aUi la Ik ra, M t any, thai il
Ih laa I ar m.I.I kr ail p-od In i s a
-vlai liatl d h In dif In hat
(In "I ltttiL.. A Iwtawa Ik Iwrtwla-
alma a lm-i'4 ! ak I Ik pUi
taurtiit id tool Uu t It imi It wi
lb latUf kaa a.lalagK
I. K. MuMhOi,
ataabl I f f .
Initarr. ! etorr. i rN koaa
tain S3 t !S Ul, 4.tJ an !, Hl
1.. fiial l.,k,.l iOU tilutW
a ltk4tff tr-, I.ihm) gra ia.
am Ura-i. laaa, a ra eauta n
rt iwaitHl atly a ! task of Ik
11 skoiai I tit, la tlrssntM'a
S.i,ii.kL k t ia kaa at taiWL
1 of tiarla!aw, etU livbl. W, leraaa,
ifveatu
PLEDGES HEPODIATED.
McKlnloy Follow In Cleveland'e
Footstepe on Every Quos
tion ofrolloy.
CUBA MUST BLEED AND DIE,
U nopublloan Olevelandlim Any
Hotter Than Democratic
ClevelandlsmP
ltiul,llian lUpMillator.
The jilatform adopted by the last re
publican national convention had as its
principal planks promises of;
1st A protective tariff that would fill
our treasury vaults, opo up the factor
ies, ami shield labor from the disastrous
competition of Europeans,
ad-TIm launching of a plan that
would bring about international bimet
allism, and give ue a silver dollar ae
"good oe any dollar on earth,"
fid A policy that would put a stop to
the barbarous Spanish reign In Cuba.
Those who supported the republican
ticket on the strength of those promisee
have already seen how completely they
were betrayod. These three propositions
each In direct opposition to the policy
of Cleveland's administration furnished
the whole theme of the republican cam
paign. Abuse of the most bitter char
acter was heaped upon Cleveland be
cause he had not recognised either of
these problems lu this light when the
wish of the American people upon every
one of them was so well known. The
people learned to bate Cleveland and bis
every associate because he bad been
against these things. The cry wus kept
up with such rigor and persistency that
It left drover with scarcely an admirer
lu the nation cerUiuly none who ex
pressed their admiration of him.
Hut what do the millions who learned
to hute drover because of his position on
these question now think of McKlriloy
Ism? Cuu they distinguish one lota of
differenos between the Cleveland policy
and that of McKlnley? Let us sea if
they are at variance in any particular.
When Cleveland's administration bad
been la operation a year as has McKln
ley' the treasury wus in just about the
same condition a It Is now. The tariff
that promised so much bus done noth
ing there. During Cleveland's adminis
tration the New England cotton mills
ruu full blast with labor receiving wage
that enabled tha operative to live, at
least. Now half the spindle are Idle and
the other half operated on a scale of
wage reduced 10 and 15 per cent below
that in force beiore the McKlnley regime.
The protection that wus to gladden the
heart and home of every toiler has al
lowed untold hurdhip, aorrow and dee
pair to stalk unrestrained into thous
ands of New England homes. It has
done uo more for the miner than it has
fot tho weuver. It has uccompliislied ue
little for the great in us of toilers as it
bus lor tliesa. Tho factories that are
running are filled almost entirely with
foreigners who scuk uot our language
nor know or love the principle of our
government and it Institutions. So the
republican party has repudiated the
spirit of its promise in this regard.
It promts for International bimetal
lism has been treated iu n still wore
hubby manlier. The administration up
preprinted f 100,000 for tha expense of a
commission which wus intended from the
first to act out a lie, Whila tho com mi.
sion was abroad ostensibly to secure in
ternational bimetallism, Its creators
were at home busily ngngd iu rfiK-t-Ing
plan for "mora II r inly comuiittiug
tha government to tha gold staudard.
Tha udinlnlatratlou weut ahead with Its
gold laudard scheme without giving
the si i litest attention to it binietullw
commission. TbwndmiuUtratiou opeuly
repudiated th party promi iu thi re
gard aud followed directly in the loot
tp of Cleveland.
In it promts lor a changt la the po.
icy to b puraued In th Cuban matter il
baa proven equally Insincere. Today the
republican pre of Ih ruuutry I pro
claiming that Mrklal-y an nvr
loualjf Ihouakt ol rwotfunmg Cuban bk
ligerwuoy t ubaa tndepnduc
ta a biyta tu thla for eou( J. ration.
Tbi repudiation of II plU lofi.ru,
trvtloa lu Uown-troiid. n Cuba t Ih (at
id lb threa leading pro 11 uw ol lb re
publican platform,
Th lht gral probWtue wkkb fur
ih th reiubiivait iwuck tum it
twll Wlaud kav all bwa kakl4
I't Mt'Kiuloy a ad'iiiaatralia ut aa
I hnvlaud ban lUxl llim- thy bulk dtl
li4 along and ln said notbieg ttmld
b iI.ih.
ilk Iba U. W id avtloa l kCnUa
inlioa lb rinb'Han parlr elaal
) tui wkre 1 Wln iutat .ik1 wka
ih lask and 0! ul Ih oVtaovral a
wvila ail olk iiisa k.il la kata
Ih nam td t Wiaa l. I I WiUnJa
a twltut m4i nabr Vl kia'y
uf
I k ti' wilt eU.iw by lkir
skl init, w Ua lkv eitwl a "wNia,
Ikal lk do no! tktah. . lrwiU' are
Ikouakt In t( la I ai. tk aa are
aoa k4. I bland irotai4 eotkiaf
Hil k gav kwlkiae KMi.i. Vl.k laWf
I iH. a rat iWal - K hwfti4aW4
r pi.!.
falrwais ?e aJmiiasff
