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About The Nebraska independent. (Lincoln, Nebraska) 1896-1902 | View Entire Issue (April 28, 1898)
- i ytt1fr':"ll-M-lr'J" -j-"--- Wealth Makers and Lincoln Independent Consolidated. VOL. IX. LINCOLN, NEBRASKA, THURSDAY APRIL 28, 1898. NO. '49. Ml ISNOW DECLARED President MoKinloy Bonds an Ulti matum to Spain and Ordera Havana Blockaded. CONGRESS DECLARES WAR 126,000 Volunteer! Called-Ileg-ponso Comoa With a choor From Atlantlo to Pacific. 1.11 of I'rUtm. Win Iiiim been formally declared by ilm congress of 1ho United State JiglllllMt Splllll (Hill llctlvC IiOhUIIIIi'H have begun. The dul of the wur will go down In hlnlory iim Hid Klnl dny of April, IHW, J'i'fHiiiiiiit McKluley, act ing In accordance, with tlio following renoliil.loii punned by coiigrt'n April JUth, ImmihmI uii ultimatum to Hpitln ordering her to vacate- tlio inland of Culm: Joint resolution for tlio recognition at tint Indi'pi'iidi'iii'i) of tliii people of Culm, deiiiiinilliig tlmt tliu government of Hpuiii relinquish i I m uulhorlly und government In Mi" Inland of Culm, and to wlllidniw ItM land and nuvnl force from Cuba, und Cuban wiitcm, and directing Hid president of tlio United Hlut-c to tine tliu lund and naval force Kf tliu United Stale to t'arry theno res olution Into eH'cet, VVherce, TJu) ubhoiTont condition which liave existed for more than Hiree yearn In the Inland of Culm, ho jiear our own border huvo shoekud the monil sense of the people of the United KlntcM, have been a ilisgriico to 4 lniKt civilization, culminating, a they have, In the dent met Ion of a Un ited State battleship with two Jiun drcd and slxty-nlx of It ollleerH and crew while on a friendly vlnlt In tliu Jiurhor of Havana, uud eiui not long er be endured, iim )iiih been Met form by the prenident of the United tStutuM In IiIh incnwige to eongrenn of April II, jHtin, upon which Hut aetloil of run gren wan Invited, therefore resolved Flint- That the, people of the, Inland of Cuba are, and of right ought to Ir, free and Independent. Second -That it In the duty of the United Slate to demand, and the gov eminent of the United (State dim jiereby ileum ml that the government of Hpaln at once, rellixpilHh IU authori ty und government in the Inland of iilm and withdraw It land and naval force from Culm and Cuban water. Third -That the president of the United State be, and he hereby I di rected and empowered to tine the en tire land and naval force of the Unit ed State mid to I'ull Into actual ner vlce of the United State the militia of the Hcvcrnl state to Hiich an extent Jim may be neeeary to curry these res olution Into effect. Fourth--That the United HtatcH hereby dlHclniiiiM any diHpoHitlon or in tention to exercise novcrciguty, juris diction or control over wild InIiiiiiI ex cepl. for I he pacification thereof, und iiMMert i t h deteriiiiiiiil ion, when that in acconiplinhed, 1o leave the govern ment and control of the Inland to it own people. Spain wiim given forty-eight hour In which to aiiMwer which she did by withdrawing her minister from thl country and giving our minister, Mr. Woodford, bin punnport and requent ing hi iioitant departure from Madrid which wax equivalent to n dei'liirnt Ion of war. (In April 2lnt President Me Kinley started a fleet of warships to Cuba to blockade Havana unci gave no tice to the world of hi action and that ti state of war exited. The following declaration of war wun adopted by congress April '..'5th, und signed by the president: "A bill declining that war enUts Ih twecn the United Stales of America and the Kingdom of Spain. "lie It emu ted, etc, "I. That wur lie and the mime U tiereby declared to exUl mnl that war tun. exixit-.l iinee the lMt day of April, A. It, Islls, in. lo.liuw kitld ihi, Im Uiitii the I'tiiled Slnl,.w i,f Amerlcii uud the klngibiiii of Smin. Unit the pn-Hlileiit of tlii Unit ed M.1I1 h le and tie liereliv U illrecled ttnd rinpuuerel lo .!. the entire land the l.iunl l.iHen of the l ulled Ntatex iiitd to 1 nil into tin- m'ttuil i i I, I lie I niled the iiillill.t of the kcVetnl kliile t.i mnli it it rvlfiil H Iiiiii Ih li.it ,n In unit thin mt Inltt tlTe.1." t .n rlul bint kuile tf I'hImi an lit flue vlblUhl and all fiilultfil 1 l wiif .tiiitd til kerp 4. I tie I't'. t t Itepl fill t.f i tiij t' .f j "Utlll"ll 1 .1111. 1. II ,.11 Vi. I ftl t itnll.t Hit. I ,lil,i. ik li lltr uinliiiU Hm.I . ft- ; litil 1. 11 . t I isT ' ItiH it It r . I I'MKilllKHt fMOCLA NATION Call I'p tht Hiut iu Curttuh it) u4 Mtn lut W t Htiv Mi M.I. tit h. (ni t a i4ll ltr 1 ;1 in m ti.l.n l.fii I, fnn i ,-, If ,,.. .!, , f il ..'li i,f,l. 'I'lm fi.i,. li.j llti f ill I. til ll. pirn UiiihI t.m ; ).,,,.!, l Mil HI I til l-.tttlftVM, w l.tlv.l " tl t.i fM.M.U t,.r lit In inakliitf itf the itl,. v fUt'liliHii ,if t iiMvil MIaU In Him uf r nl , thrt tiijiMn.," piiiH A til IJ. lu, I h ivl.l.iil wit miiHiifU' nl. tu iti.lrr lit isl tulmiii er riiv ttt Uu H pi Umall.m mllliirf ft volunteer to aerve hi the army of the United Mate. Now, therefor, I, William Mc'KInlcy, prekldent of the United State, uy vir tue of the M)wer vented la me by the eoiiMtitutioii mid law, und deeming mi tllclcnt (x'cunlon to exint, have thought lit to en II for mm do hereby cull for volunteer to the aggregate number of 125,000, In, order to carry In to piled the purponu of the ald law, the Name lo be apportioned a fur a prriu'tleable among the nevera! ntnte una tern tone ami mo j)itriot or ui uiiiblu, lu'cordlng to tMituihitlon, and to nerve for two year, utile nooner dlwcharged. The detail for thl oil- leet will bo Immediately eomunleated to the proper nuthorltle through the war ileimrtmetit. In wltne whereof, I liavw liereunto net my hand nml eauned the neul of the United Slnteu to be affixed. Done at Wimhlngton, Ihl 23d day of April, lHOH, and of the Independence or the united Mate tlio one Hundred and t wenly-neeond. (Seal) VVIf-UAM M'KINIJCY. My IhiJ rrenldent! JOHN SIIKItMAN, Secrelary of State, What the ntnte nniHt eontrlbutfl un der the call for 125,000 men: Alabama 3,(100 ArluuiNim t'.OL'S California a.2:iH Colorado 1.2UH Coneelleut 1,007 Dclewnre a t I Klorldii 750 tieorgla 3,174 Idaho ZYi iiiinoi n.noH Indiana 4,402 Iowa .'1,772 luu i nan 2.77M Kentucky .,, 3,407 LouImIiiiiii 1,1)10 Maine 1,2.10 Maryland 1,042 MiiMnaehuneltM ,,, 4,721 Michigan 2,:iOH Mluucnobi 8,874 M UhIhhI iipl 2,257 MlNMourl ,,. S,4U Montana R24 NebriiMlio. 2,100 Nevada , i:iH New HampMliIre 7!i2 New .Jerney 2.0H2 New York 12,613 North Carollun 2.5N4 North Dakota ,,, 8fil Ohio 7,234 Oregon H29 I'eiinnylviinla , , . , , , .10,710 Khode Inland 710 South Dakota HftO South Carolina 747 Teuuenne ,,, 3, Olio Texan 4,220 Utah 425 Vermont , 034 Virginia 2,013 Wellington 1.17H Went Virginia 1.3H0 Wlnconnlri 3,274 Wyoming 231 Arizona , , INI DiHtriet of Columbia 440 New Mexh'o 3.10 Oklahoma 143 War lnrliiitut lu tin Cult on lMfl'nr rut lveriiir. The war department Im-humI a call on the Htaten for their quota of troop under tliu call for lii.'.OOO ineo, an fol low: Alabama Two regiment infuntry and one butullion. Arkanna Two regiment of infantry. California- Two regiment of infantry, two battalion ami lour heavy hatter ie Colorado One regimcut infantry and one light battery. Connecticut One regluioutof infantry, oik light battery mnl two heavy but terie. Delaware One rrgiuieut of infantry. Florida One regiment of ii, Ian try. (leorgia Two regiment ol inlnutry and two light hatterle. IllinoU Seveu regiment of inlautry and one regiment ol cavalry. Indiana Four regimcut of liiluntry mid two hlit hatterle. low 1'hnw regiment of infantry ami t wo light hntterie. Khiimiim Threii regiment ol Infuntry. Kentucky Tlirm ri-gimeiiu ol lulaii try ami two Iroopnol cavalry . l.ouiiann Two riuiiuciit infautrv. Miiiin -dnH rgiuiiiil lulnulry und lour henvy batti rim, Maimiielmpeiu l our reiiuent o( lie luiilry nad thr.-.-hmiv v bnlterie. Miumiotit Threw regiment ol lulau trv. Mimim piiTo uiiiient ol iiila nt r.v. MiMourt I'ivm regiiiieni ol inUutry win! one bglil httery, Miilitun.l-llliii reuimeiit ill Ihfmitry, Nt hrnitli -To t uuiieiiU ol lulimtry w IUniliir - On fgiiiit'iil ol in l.iittrv N Jerwy 'tir rgiiuviit ul in hi itlr, Ni' in k - T Uv r tiin'i'att tf iiihiu tr Hud lii tiuo ill i hv tr y , Niif Hi I Mrnhiiii I'ttn riiii. ul ini ii Irv mnl (i Iieiy hiittirv littiti ,u riiiniiin iiilmtri, I. Mir I M t hitilttlt uu tii .iitdriu m ulrv , l.gtl. tliu. ( Villi. Ill lulMUlft I't lllt l HUllt I, , tll,lu ,U IK litnlti Mini lour l, t)t I tllr. Iillli.lv liitll 'HI. t(,llltt ll.ttHlfl MilUlh I MlllH Olt It I Hit, I. I Otl.H rf, im lutiuikow ii tiH It. tr jr h it lr. iihn.vMt Ur t4 miI iKltNlit - vlnKnU ibittutrj m,. I t itutivHi iwvw'rjr I ifc- i iitmp tlr; mi,1 tijt4 i i'tif mm, tltit- Mlmitl lUly. ihiiiTM HaiiiMt inUkiri. V w-iitii diun ot ruHu luUiiWy. Wt i.'i- tu rtfir4Mm iuiiT lt.utl w I UU !') 01 MONEY AS IT IS v An InteroBting and Timely Article on the Money of tbo United States. 00NSISE STATEMENT OF FAOT "Flat Money" and'Tntrlneio Value" Ably DicuBHodby a Finished Boholor. Wlmt In Money. (Ily John 1'. Ht, John.) 1 it the market prlco of gold am nllver bullion, or the ntamp of the gov eriiinent I hereon, bucked by the law Hint llxe the value of our money? If It I the market price, then nu rely he who talk ho long and loud about "fifty-cent dollar" I right; but if tin' value I llxed by law, then the market price, of the bullion 1 wholly lininnU r lul. The market price of bullion U gov cl ued by the Mtipply uud demand. Un- rentrlcted Coinage of gold ha created an uuliinlted demand for that metal coiiMfoiif ntly the bullioit In a gold coin ha always euuiillcil tint coin' fnco value. Should gold liecomu o Hciircc, and the deuinml mo great, u to force the value of the bullion above that of the money nUmip upon It, then the bullion and not the money would at oneo command a premium. Every full weight colli lnued by our govern ment I an unlimited legal tender for an purpone in our country, nuppone that Tike I'euli, ly nome lnlraculou trannforinatlon, nhoiild nuddenly be come u moiintuln of pure gold, and t he niipply of thl preciou metal be tliu multiplied iilmont beyond computation would that change the legal tender quality of our gold Coin? Could we not lawfully pay our debt with it af ler a well a before hucU tranforinn Hon? The enorinou liierciwc of the metal upon which the governincnt Htainpn it money might rewult In nucli mi luereiine In the volume of coin a to lenneu It purchiinlng imwer, but It l.l ....a n'....k l . i l ......I , . .1 tvi'uju in; i, iiiiuci in icx'ti U'liORi" ir ll- lly In the leant, Now, miiiiimi that nil ver eiiloyed the privilege of fnni and uiilimltf coinage at the rntio of l'l to 1, j i j Ht a gold doc today, and that every nllver dollar wu a full legal ten der for ull piirMi.'N, junt an gold coin In; ilocn any mine iernin, in the face of thl unlimited demand for nllver, believe that 412Vi grain of Mamlurd bullion, the amount upon which, un der the law, a dollar I Mtamped, would not be worth In market 100 cent? Hut Miipponc by Home unknown iwiwer all the nllver iu the world except that Mtamped for money imriMme nhould Hiiddenly be blolb'd out of exUtcni'c forever, and that, by reiinon of the scarcity of thin metal It should itfcom'i jump to $20 per o, would that fiu-t wi hiiiii'eHielegiiHendertjunlityof a nilver ii il In r ( on li I we com'l any pernon to take It for more than 100 centn? Could we not lawfully liquidate our delitn, both public and private, in gold j ii Ht- a well a iu nilver coin? Would not a gold coin nerve our purpimi-. an money junt an well a a nilver coin? Could there be any luck of purity of value under Mich eonditloim between our dolluiV.' When I npenk of "imrlty of value" I don't wlnli to be iinilerM'Mxi a refer lug it. gold and nilver bullion, for it iinint lie borne in mind that neither of thene metal in money. Tbey art only coiumoditicH upon which money in Mumped, uud without that ntainp they are no more n legal tender than corn and wheat, or rbeef and Hoik would Im So it will be nee n that it U tint Mump, bucked by the law, and not I he I in-1 ii I , thai coiihI ilnten mouev. Some uf our gold Mtiimlurti frlembi who have probably given but little thought In the qiicnliuu have linked: "Why mil hate free coiint;e of linn','" I lie aiiKitei- in t hive-fold. Flrnt, Im caune our I niti-d Slnten ImiihU nir, nt the option of the govi ruuieut, piiyulilci only iu gold und kilter coin of k I'lrlin ile Muiiiliiiid.llieit ftiH Iron t.iln tould nut l.itt fully U' iiu-il lit iindnle Hicmi tilht,'ittliii. Stt-tind, the i'Hritiue of I hiiiiHiiuiU of yctitu h.i di'iiiiiiotliiiletl the f it I lli.it tindt r wluil li.i tiMinlly Ih-i-h Ifiimd free ctiinitge, or tliitice ttitluiiil iIim i iluliittliiiii, Ihe a 1 1 1 1 td Viild mnl kilter tiptni tthiili Ihe litl Iiu-il ttmld h l titiuHt U Uti in, .it l.l h.i Jiil uIhiiiI ttipt tce Willi Hie ti till (unite lll lll.llllU l.f llttllv. I 1.1 IV li -. nt'ter In-eii. mi, I l U mil ,, , Kivllt tl.llf ,tl Hill H ,.t, 1 tl .. lit. 11 t.f lllltt r in. t.l. In i, irr iii.tde .t nu.l.L,f H.' lifter itte u ' inn. li y.,l. ,in I mlti r v lu.tt i.nl lo 11 j''l t 1 l-llt Ilia lU u I if , t 11,11 ttill Illi.t.l , t t t.tllot t lit ,l.-lil.mt 1 .' il.l ol tin 101 1.1 U, l.i.l , hi- i , ii ttiu u- t..ii i.tt 11 r.tiiit 1 1, ml, lb. t t.,, I, nil,., Hltl.llltil t.f Ittilt I 1, llttf Ml.li.l, lift' I I 'II4H I it I I I I , .t ill 1th1. lt II (.i.bI-h v,l, if 4, .1 iii-.iit t H i ll tut,!, f ti t . ai t mt IiiiiiU''! i.li..ike Ut, ... rl ,i 1 l)r vi. I. uu. 1 tf ihiiu.i i H, I,. !(,,, il,,. "('ilt m Itnn It yilt Ihuu IK.i .If j ii.itinl II 4l U put, luti.ii. mr t,..., i I" ltlnii'l iblf.it.l tint If I ho i'l j I ly ol ItiHt mi li,,,,l.. Ii, ,, , , I U l. i'i plt t.f i., uud ittn, ititd jlh, ittipplt uf gi.l I itti.l (dtrr w j km 4t 11. nt it it.trt, wu.) tttir n jrttl il.l t tlli U ifttl.l BM, ,,., wf h.m.Ui,,, llim f ill (,,,1 t,. lr uiii tf Hi Kitti nutrkt ttt 1ihi would be Junt a goml n it i on gold and nllver today. Under prenent condition our bulo money 1 llinltcd to the liroductlon of gold, we have wickedly destroyed the full legal tender quality of silver and tliu robbed ournelve of one-half of our primary money. ...In wa good for the bondholder, but ruin to the nior moiiIm who fiwit the bill. It I amiinliig nml yet humiliating to every Intelligent citizen to hear enator and member of the lower Iiouho of emi gre, nml even our president, talk about the "lntrlnle value of money," Junt n If mieh i thing exlnted. The truth I. money lin no lntrlnlo value and never cun have un long a It value I fixed by law. It i equally nbmml to ce woiild-bo tnteinen tand in high jilaee und In thunder tone de nounce "flat money" when there I not an Intelligent woman In the humblet dug-out on the plain of the wet who doe not know that all money 1 flat and that the legal tender flat of the government I junt a good when Nfiuupcd upon gold or nllver. In cither cane the money 1 Junt n good and not 0110 whit better than the government that created If. Let u bear In mind (lint no unrentrlcteil legal tender dol lar Innued by our government wa ever at a dlncount, nnd never will be, for the reimou that, back of each dollar, whether gold, nllver, or paper,, taiid the name people, nmo material ro Mourccn, name government and name law, Ho long ft the government 1 nt par II full legal tender money will never be at a dlncount, Itcatore to the people free and unlimited coinage of bold gold nnd ilver nt ft ratio of 10 to 1, and nuiko every dollar lnued by the government, whether Htamjied upon gold, nllver, or paper, a full legal ten der, and we would then have proniwr lly not made to order by a partlNiui pre, for partisan purine, but a real genuine pronperlty that would touch and blen the common people. General News. Hinroloek ha pnJ a tilun o'clock curfew ordinance end tlio flrt warning whintlo wa blown hist Haturduy evening. It I reported that several American merchant vcnnel have been captured by the Hpaniah men of war, but the report have not been continued. It I reported that two or three ol the prize captured by our navy may bo n Ihfu! to Hi mill a the vemil wele wilziid before war wa formally declared The crop outlook in Xebranka I very flutteriiur The noli I molnt and in prime coudltion, and farmer are going uticau rapiuiy wun spring juowuik planting. Willhim K. ntailutnno. thn irrand old mun of England I confined to hi bed and the end I nellevea to oe near. Friend and relative are gathered about hi bed. Chan. B. Smith, of l'hiladelphia, ha been named to nucceed t'ontinanter (len- erul (Jury who renigned on account of (ailing health. Mr. Hinith I a nown- pnpor mau 01 long experience Hi reported tlmt Kid McCoy, who han unpiratioiiM to be the champion iiugulint of the world, in to enter a medi cal mcIiooI at llaffalo, N. Y., with Hie Intention ol becoming a full-fledged pby Mician. ltia Htated that nearly forty new creamery association nave incornor- ated In Hie tate 01 iNetiranka since Jan. l.'t7. The dairy buniue I rupidly di veloping into one of tbe best puyiug Induntrie Iu the state. The hank ol Keanard, of Keuuard, Washington county, wa granted a charter Tuemlay by lu state bank, lug board. It will be a private bunk with a eHoititl stin'k ol Ij.iiuo, nml owned by John H, CtHik ol Ulair. It I stated oltieiuliv that F.uropeun nation will keep Ihtnr haicu off nad allow iSimiu nmJ Hi l uitml State to nettlti their owe troubliM. Iu His event that any of I hem interler, riiglaudh practically pltxlged liermiK In stand by the l uilml Stales sgtlimt His world ll uewssary. John Abbott, bookkiieper In thn olttcs t Vudiior Cornell, ha rugu t, and hi luiv will b IUImI bv Fred Jtmll. lio has t-t 11 i-niplovml la tbw oltl.v oies His ginlnliv UiVfligllBg ciiinitiM rliw e. U work. Mr. AlibuM del kol realgll no in r, but lo go iuiti Hi tuu. iiiiMitin husiutw. Ki fidsry ol stats John HWitmn nl m ki rigiiwiitia hvl I uil Mini il mim i.rtuiiiillv aivriiltxl, d Jt lrf nil- liHtil 'it oll'lilti i leiui"! l.l II I ltia pbttw. I smiltir IliHMMtflt nt Nf nrh, i rn u"l 1 tifthr In gti Hi irniti I t.llHllUH l.f Vl flllirlll, Mud Mr, J dill V Vbiurs, ol N w Vtk. h h n Mtiu4 nu'tuiil sriry in nl ln l'l'. Iks iui..r tirk m Hultl 1. Il., Sm h U4 l wiwdti a Ur ii(hih tt mtlif In Ih wf i.-miIiiivii, r MtrlH dlroi.4 Tl4f lifrsim bt lks lpltvnt, I kslrsl H I (.! (. ! w la Hi Mil iii lwl, Mil mm Htw ws iiu wkiW a tiwf su lit Mifiti isjaritNiw I t ihiw -tr nl lit wtul wor a I I ma triu 1 u lutMiaii tHi.l-r tu ik mrw Ht I et sill) W RltTvl Nil ta ht Ivif Ikes pU witin. it II la ims4 t t dn lt vUl. BONDS OK GREENBACKS Wbloh Shall the United States Issue to Carry on the War With. McKINLEY VS. JEFFERSON Organ of Formerfor Bonds Author of Declaration of Indepen dence for Faper. Whli hHlistl It list When the last war closed In 1805 the expense ol the government are said to liava been $1,000,000 per day. Wo had then under arm over u million men and our four hundred ship of war lit coin trunnion, With the mobilization of 125, 000 militia and manning of u hundred war venNul, the extraordinary expense ol the government will rise to a largs Minn, although they will not reach the figure of the hint of the rebellion whim every nerve 01 tun United talon wu nl rained to crunh out treason, llow shall wo meet thl expenditure I an ur gent Question which ought to he met with patriotic purpoH. It I no Hur on Hint the men w ho have been try ing to load us with bond in time of ieuce should become clamorous as soon . n war 1 In Might. The Chicago TiiiicH-llernld I the great newspaper representative ol those . Interim!. It editor, 11. II. KohlHunt, I the intimate ocrsouul friend and udvlner of President McKlnley. In the issue ol that paper he outline the policy proponed at thl lunctur A few extract will be interest ing to our reader, say the Tlmes-ller-alii. "Iu war the ' government must have money, nnd the better the money the Ie will be the expense of the war. Hit the gold bai taxation will be lower, the national Indebtedness nmallnr una the rate of Interimt less, and neither the preeut nor the future generation will be loaded ho heavily wit 11 debt, Kvorv tliouulitful student of finance know thin, and it ha often been dmn onstrated that the civil war cost u more than three time what it should have done, because congress adopted tbe paper money bi." Sow there' meat for a populist In the first parugraph, "Ihe better the money 11... I.Miu ulll In. Iim 11 ruttm if f hi wa p 1.1, ,7 I'-nn nil. I.IV ,...r... w. ..' T. M a . Then why not go to tlio diamond stand ard or that of one of the rare metal mid reduce the expense of the war to noth ing? Every common sense farmer know that the cost of the war I not paid In dollar but In wheat and pork and corn und muscle. And when the Times-Herald nay that taxation will be lower uud the national ludebtedoe smaller, it simply nay that produce will be lower uud the command of the mun who lias a gold bond or dollur over His product of labor will bo greater than at preneut. The statement that the civil war cost u three tune a mticn a it snouiu be cause congrus iMHumi paper money, 1 another way of Maying that labor coin- muudud three time u much for it ser vices as it did before the war, and that the inspiration and stimulus to all kind ol industry produced by increasing the volume of currency enabled us to meet all the sucriUce of the most gigantic of modern war und eome out ol It free from individual debt and with all our Industrie prospering. The Timea-ller-aid koch on to tell us bow to nicet the exfsnH of this war: The committee on way ami mean I now ut work devising new mean of revenue and providing lor a war loan. Probably 150,000,000 will have to be rained before many month pas and that ran ouly be ohtaiued by borrow ing. That our credit may be ucu that Ihi enormous sum can b obtained nt Hi lowest rat ol Interest and upon ths easiest ti rins, the currency reform bill recently submitted to the house by It.. I tri-m. 11 tat Iv Mi-lleary ol .Minnesota, and which wa referred In thsruiniuitle on bauklug and currency, should b re ported at one and pn-i by Hi hou, TM 1 in mil itrnparmi iv uni'oin- uiitt'f, MiHwr. .Mel leary, IVlnc and Milrhell, li lea Is bMM-il o ths indiaun- ikiIi uiouetttrv iHioiniiwiioa lull end l- ready euiiiiiieuietl mi by lh 1 nne-llef. aid. Il ha lh approval id ths Indian. MMili riis'ulivs etMiiaiiltee, and i a sn's ami eoiiservativ iiimur ul Moi'ii With ihi lli law on our llui books. ths money ol lli world I wl our ruin niud, ut w tan bnug war In a sirdv and ntti dul rl nw,', It ul Im rnalM thul ihsTtuiM llsr aid wagiug Ingiv u a retipl lor i-nrrilu oa a r l a vr slighl! prtiw l y tieip'y luesiiig Ihs vabittiil lh 1i.1i1.tr t 1 1111 iisimi i im mors gllllt' r, 1 UU I I'-llTlla'M. 1 Mt l,s Rrst toil f limn lis lilriMils a Bti hun Ir.d anliioa tlo'Uir lir)i! 'rwil'tit Un it! nit' aiid I'm, imtiMi at Itrsi In nmin rUl innlu iWtfU l.s. tt t.ur gold I!tdr4 trsk'U Bt am in In kts 4 t'bt mr witlt a "a i-lf wn. it-vlttl , tlttM" lNik d wa Itlf Vl,iKi,isi !).. hh r sisriwl. j Tka Ik lna hiss! t a "i.,cmU Ins'' bits hs " iiUr .f" lm i lktkir kiiki bit, fy IK sold Inii.Ur I a ilhonll ; " aiiiiruiit Ik lo it I Hf.lnr Iti Mtsfc II Hi"i'w' a -r Is Wads, rknt. imtk pri t Win la lkw l wriMilli4 Ik sMt-rvUri wl Ik tnaiy itrii( ul"nlei IrniN lulinJ. -! td st nl kxl k-a4 lk tlta l t a r-e.ir.1 .il it sb i( li.is In , U atdia InHtlt la U ki M lkl purpose, ItiMtead of Issuing the usual lorm of un engraved bond. Thl I the p an adopted both In France and Eng land for popular loan, nnd It make it very easy for the people, beouuse such subscription can be made at every money order postofflco In ths land. All thesa can bo made a matter of record at Washington, and thus each subscriber is hn safe as if ho possessed a registered bond. t The plan ha long been In operation abroad and ha proved sutisluctojy alike to government and pnople, Thess money raining measures ars as essential to our success in war as the possession of armies and navies, and it I the duty ol congress to act upon them at oneo," , , Ilefreshlng contrast alter rending this mingled mas of contradiction, soapsud uud treason to American Interest to turu to the word ol Thomas Jefferson In presenting a fliianulal program when thi country whs at war with the strong est military and naval nation on earth. Juns 2i, IBia, Jufferson wrote a com plete outline of hi plan for currying on the war then In progress, without creat ing u national debtor borrowing mon ey Irom foreigner, having previously matured hi Idea by longr and careful study of ths subject. -. " We are uu ugrioulUrut uaHoU," he wrote. "Much a one employ lis sav ing In the purchase or improvement of laud and stock. ' The leudable money among them i chiefly that of orphan und ward in the bands of ex ecutors and guardians and that which the (firmer lay by until ho lins enough for the purchse In .view. Id such a no tion there I one and only one resource for loan, sufficient to furry thin through the expense of a war, and that will always be sulllclent , and in tbe power of nn honest government, punc tual In the preservation of Its faith. The fund 1 mean I the mas of circulating coin, li very one knows, that although not literally, it i nearly true, that every paper dollar emitted banishes a silver one from circulation. A nation there fore, making Its purchase and pay ments with bills fitted lor circulation, thrust an equal sum of coin out of cir culation. Thi Is einivalent to borrow ing that sum, and yet the vender, re ceiving payment In a medium a effect ual a coin for hi purchase or payment, ha no claim to future 6. Ami so tbe nation may continue to Issue Its bills as far u Its wants require, and Hie limit of the circulation will admit. These limit are understood to extern with us at present to aoO,000,000, a greater sum , than would bo neessary for, any war." In the war of 1755 our state availed itself of thi fund by issuing a paper money, bottomed on a spec! Do tax lor its redemption, and to Insure Its credit, bearing interest at five per cent. With in a very short time, not a bill of th.s omiHHion wa to bo found lit circuit-1 lion, it wa locked up in ths chest of executor, guurdiuns, widow, farmers, i etc. Ws then Issued bill bottomed on a ' redeeming tax, but bearing no Interest.! Those were readily received, and never depreciated a single furthlng." in the same paper he declared that "every country permittinir naoer to bs circulated, other than that by publio authority, would end la bankruptcy. , lu other word, the only safe and legiti mate tiaiier money is that which I emitted by authority of the government and bottomed on tbe taxable wealth of the nation. Again on the 1 1th of Runtember. 1813. ' he still further elucidated hi plan for a1 government paper money, always avail- j able in time of need, and ample enough ' 10 imiei every emergency, iie said: "Tbe question will be asked and ought to be looked at, what Is to be the re-1 Nource if loan cannot be obtained? There Is but one, 'Carthago delendaeet' Hank pafier must be uppred, and the circulating medium must be restored to the uution, to whom it belong. It is the only fund on which they Aim rely for loans; it 1 tbe only resource which can nsver fail them; and it I an abundant one for every necessary purpose. Treae-' ury bills, bottomed on taxes, beariug or not bearing Interest, a may be found' neceiMary, thrown Into circulation will tak Hi place of so mucb gold and sil- j ver, which last, wnen crowded, will find 1 aut-lflux Into other countries, and thu. keep ths quantum of umdljuiat It sal-' Ulary level." , Then I a limit, of course, to the Issu of ptr money. Ji ff.-rson placed that ' limit at f J0O.oo0.lMMl Hghty-tlv yi-ar' ago. Our nation i at luast thirty times' as strong as il wa then. W nave siuen . then tested Hi strength of paper cur rency hi a great war which shook the vry Inundation uf His govsrummit. Yt ; no, at Hi uutt ol a war with a third rla nation, uiiabl In lava-l us, we nillsl ImUW f 'lOO, 110,1 km) buml, Whieh shall II lm Hi McKlulsy organ or Thome Jvtfi'Muu? , A I tMM4 f MukM. Tb wralin uf Juba lk ltetflUf Ut Ui'W re hod tbe sunt of f JHOOo, (Hi) iel. futlht ruiur, U tut rluif at Hi tl i f 1 1.600,0(10 a im vtb, M 130. 000 a iUy, er i,U) an bvur, H 6d a tuiuuin, t AT riii svtry t-.l et lime, tl iy siid bight, fuii.Uy a I U ill. il. .Nt weiidtr the iu4w cell on the t hut. hv au r4)ry4 l'l tlls felit bl iu i.f hi Il ls. lll.a l'l, t ttrd ti i Jimwin see in l.i hits Wi 'Ulng la kiir.1 lutk. II ki h t Itflltlit k. l-al lh Hnr h mts VI Ink II I ..Id am It wa iklH lutiney kn4 a.t wi )Wti luy t Hf f tsttt ! Jim nut tt - .' er4 lttdUt a IL Mr. .tr I fc.t Uwal4 al 11 O 11., asv lil i nd fhspf ikat aey mUHar le ,Nbfk. j
