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About The Nebraska independent. (Lincoln, Nebraska) 1896-1902 | View Entire Issue (April 28, 1898)
THE NEBRASKA INDEPENDENT. Apr. 28, 1898 POSTALS IN TASMANIA ANOTHER SUCCESSFUL EXAMPLE OF GOVERNMENT 8AVINGS BANKS. Wrk lid kr Bid With TruUi Bank, kilt the Latter Are Under Maid Bea-ula-tion Tta Experience of the Paulo ol ! 109 M Unanswerable Argument. Trumbull White, writing from Ho bart, Tasmania, to tb Chicago Reoord, ays: Tasmania is another country in which postal savings banks and trnitee bankl are working aide by tide. The latter are, however, purely local Institutions In Hobart and Lannoeiton, tbe two lead Ing cities of the inland, 10 that else where they do not come In competition with tbe government bank, which hai lti branohei In every mouey order post office. Money ma it be deposited in multi ples of 1 shilling, and the interest rati ia8K por cent on sums up to 150, no Interest being allowed on the excess ol that amonnt. This bank has followed very closely the forms of the postal bank In New Booth Wales, which has by all means the most practical organiza tion in the Australian colonic. A de positor can continue his aooonnt wher ever be may travel within tbe colony, whether be is in reach of tbe ofllot whero bo began bis deposit or not, and be can withdraw money at any time al tbe postofllce which happens to be near est to bim. Postage is not charged on communications from a depositor to th bead office at Hoburt any more than on the replies from that office. Provision is made with care for tbi rights of husband and wife, as is thi case with most of the legislation in th colonies. Money deposited by the wift cannot bo paid to tbe husband except iter a legal process in which ho hai proved that tbe deposit was made with bis money and without his consent This regulation exists because of thi thrift of some wives who established practioe of opening bank accounts out of the money that ought to remain in the tills of tbe little shops where they might be assisting tbeir husbands. .Money deposited by a husband in thi name of bis wife to defraud his credit ors may be followed for tbe benefit ol the creditors. The Tasmania bank bas adopted tbi system of enoouragiug small savings by tbe stamp system, which permits penny tamps to be purchased at the postoftlce and affixed to cards furnished for that purpose, to be deposited when tbe total on the card reaches 1 shilling. Tbe act provides that the colonial treasurer hall keep account of all deposits in the savings bank which are made in stamps and shall turn over to the bank from time to time sums equal to those depos its from tbo money he bas received for postage stamps. The population of Tasmania is a lit tle less than 170,000. At the end of tbe last fiscal year there were 8, 176 depos itors with balances in the postal bank, an increase of nearly 1,400 in the year. Tbey bad 183,880 to tbeir credit, an increase of 10,000, and interest had betn c redited to thorn nmouuting to 8, 1)0. Interest is compounded semiannu ally Money deposited in the postal tiuuk Is invented in government deben tures Tho trustee bnuks are much older in stitutions tlmii tbo pontal bunk, that at llnl iirt having been tbtutjlihbed in 1845 unit Unit ut Lauuueston in 1885. Both liuvo Ih'cu highly sucxfcHsful us a result cf curi f ul ami conntirvative management. They huve toother dopOHitors to the number of 84,000, with total dopotrfts amounting to more than 540,000. Both banks buve largo reserve funds, and they pay iutercNt at the rate of 4 per cent. Fuuds are invested in government debentures and iu real estate mortgages. Tbe postal suvings banks of New Zea land are 80 years old, having been es tablished in February, 1807. There are also soven trustee sovings banks, each one, however, a purely local institution for tbe city iu which it operates. These are much oldor than tbe postal bauk, one of them, that of Auckland, having been established in 1847, when the col ony was in its pioneer days. For con venience in operating the postal banks the culauy is divided into 17 districts, each district having a chief office, where account are kept for all the territory in the dUtrlct, thus lucreaniuM the eaa ami tbe promptness with whleh with drawals may be made. lVpoiu are re reived in multiple of 1 untiling, up to a maximum f 500, and iuterosi i computed on all even pound disunited for eveu mouths, being taluulaUnl at the cud tt each year aud added to tbe tiu elpal. There are no specially novel fea tures of lbs aduiiutslratlou of tbe bauk Iu New Zealaud a dutiuvt from the tiual ptaulkoa tit lb tlhr lotu, though lb stamp yluttf saving p' Bi no a card tnilil tt tclals a billing Is la titteet. In Ibe lt year II uw tffWewrr opd. iiirtklnj a total if , aud the Haul to wake withdrawal by Wigteh Was ealatlUbed. New .viuuU wr tipewed 11 I lie tmwtwf if It.usi, wtin a total al Ida end if the yt -! Itl.U The amount dil4 la tbe year waa 4J.MI. IS1, aud lha Mai U tbe rtedlt fit dtut at tbe end t4 tbe yet it, I I. ait, wu.a is ait ata tu tbe ft edit tf save dtlt( 4 m the ill lutettet Ctvdlled fa dputU M Ike yeat atMtiate4tull;4l. Ialret Is Mid l tbe late t4 IS ft tm Uut f lo tim atd al tbe reel I ji real m UUaa Imm C too la t Hd, IbU Is Miltwiii ut tw alf r mil la eaA a t f Ibeaa ttetus rrtt I be tale vl tbe pnvWM year. Ibe eiwne wl aee Meet twt ta yef U etlhMMI m adredtks i4 I eet After fJ4 al) eipeaee el ui I aud tiedil tug tbe UUraat In uVpuetrvfe U4 r uained a balanoe of 78,087 to carry to the reserve fund and tbe profit and loss aooonnt Tbe funds are all Invested in debentures of the New Zealand colonial government of one form and another and in municipal corporation bonds and harbor board debentures. The seven local savings banks, which are trustee institutions, pay interest at tbe rate of K per cent more than tbe postal bank. The total amount to the credit of tbeir depositors at tbe end of tbe year was 754,328. There is one notable faot that runs through the savings bank history of all the oolonies which have postal banks and trustee banks working side by side. When tbe puuio of 1808 reaobed Aus tralia and all sorts of banking and com mercial concerns were going to smash, tbe postal banks were tbe institutions that were never for a moment threaten ed with a run of any sort. Depositors in tbe other savings banks crowded to the counters to get tbeir money, making in some instances exceedingly dramatio scenes. But with the money in their bands they went to the nearest office of tbe postal banks and deposited it as promptly as possible. There was never a time when government security for repayment was doubted. If the tables of annual deposits and withdrawals for the banks of the two systems are put side by side, the evidence is conclusive. In the year of tho panio and the next year the trustee banks, like all other financial institutions, ran down in tbeir business very rapidly. But at the same time the volume of deposits in the post al banks was increasing more rapidly than was over known before, the panio year being the best in their history. In one or two of tbe colonies where this occurred it is said that the total amount of deposits in the savings banks did not materially alter in tbe panio, tbe post al bank gaining almost exactly what tbe trustee bank lost, showing that it was simply a transfer of accounts for the additional security. All this was in spite of the fact that tbe trustee banks pay higher rates of interest tfaun do tbe postul banks. Furthermore, tbe trustee bank in Australia is much more of a govern meut institution than are tbe savingi banks of America. The trustees are ap pointed by tbe government, and the most exacting examinations and audits of account are maintained. Home of them are indeed actual government in stitutions, with the security of tho oolo nlal revenues und credit behind them. But even those tbut call themselves pri vate institutions are under rigid inspeo tion and are in no Instance private in stitutions as we understand sacb or ganized for personal profit of the own' ers. The depositors are the stockhold ers, tbe banks are managed on an a oho lutelv mutual basis, and the annual earnings of the deposits are covered in to the common fund after expenses are paid, to be divided as interest How Cm It lie DoneT There are five or six reform partios advocating almost tbe very same, prln oiples. This is all wrong. Tbey should all be united. West Plains Ouill, But how are you going to unite tbem, Brother Williams? Nearly every one of these "five or six reform parties" are spending more time fighting each other than tbey are fight ing tbe common enemy. It seems to frighten some of our ex eel lent reform brethren if they happen to uet iu with too many reformers. As an old YankeeiHtn used to run, "they'd rather be big toads iu a little puddle than little toads in a big puddle." In 189(1 there were 1,000,000 Demo crats (out of the 4,000,000 voting Dem ocrats) who got such a dose of Populism tbut tbey were iu a better mood to stay with tbe Populist party than to longer keep company with the Bourbon Demo crats. But we are afraid that tbe abuse which has been indiscriminately heupod upon all Democrats, good, bud and in different, by a few well meaning (and possibly a few not so well moaning) re formers has iiad a tendency to bur the PouulUt doors. Kveu tbe best of men do not waut to break iu a wiudow or crawl dowu tbe chimney iu order to get into 1 reform party. It strikes us that it is a generous aud broad minded policy to stop culling name aud throwing stone: open tbe front doors ami behave ourstdves iu a way that luvites and attracts converts eveu if tbey are not bruuded "middle of the road." Once get thorn into tbe rauks aud they will slay iu the middle of tbe road. Farmer' Siitinel. fttrnOia the Nallun' Credit." Under the stove capliuu the Chicago Tribuue of remit dato tuys: "During Ibis week a bill will I drafted to iuMwir thpreld'Ut to ob taiu money for military purpos by lb sale of boud. That ( III should pw. I Ut the amount he rati tx rrow Iu tbut way It should date also the iulervtl ,i I paid tn ll t oiiiU to l wld aud tu bow uiauy er tlx Uvome due, , "that bill kliould det 'tare al thai tt It tbe IliUtilluu 1 1 lite uvf uutvul that llee U tid 11I be laid. tln'l al aud tutriMt, tu iiiutiry a gd a thai i w till h U received lot IbelU. Tlie ur 1 li rs t Uiw bond are glng I" give gold Value iik'H.t for Ilium, llmre iiugbt tu t an uiim llml lin y lll not t titt. IUt l e t pi at a Ulr day tbeap it toittaii stint doll? vottti tly 40 n uu aiix. " A itattott I to. i'4v,t'Hi 1 1 In Ibeir 'isuu4 aMH uiioti a a grn lueal ! lhal a ttm ilvr o lM I " dvdlar " Xuf iuu tall II "tbt)" aud tais lhal It la "wotta in ly 4d ful" I a tutt I a liaitut ti bit wtlry a If be tttiM al dia b Aluetuau (Ut ile ts a II v44.ut a ! Ibe vttlala aa laed Ibe l tKi baeata Ike Vetted mat UuWeUiu Malt. Ilal Ibe adtlot it Ibe t bi t Tb au talked aUil "4dt4il dulUis" dr tn IImi Ul tlttlwar a el I bate t4l Mitel valtl Ibe I'alUd Males I Ike Urn of I'avte bvi f arias era' hiim4, A REVISED PARABLE. WHAT THE THREE SERVANTS DID WITH THEIR MASTER'S TALENTS. On laveited la Afrloultare, Another la Manuraetarlnf, and Doth Weal Broke. The Third Knew HI Muter and Ul Master' Men and Profited Thereby. Onoe upon a time, so runs an ancient parable in its most reoeutly revised edi tion onoe upon a time a man called about bim bis servants. To one be gave ten talents, to another five and to an other one. And then be departed into a far country and was gone for many years. After the many years he return ed. Again he called bis servants about bim and asked for an accounting. The one to whom be bad given ten talents stood aud said) "Muster, the money thou didst give me I invested in lands. Tbey were wide and fertile fields. On these lands I employed many laborers. We nsod tbe most modern, most effect ive machinery. We dug from tbe soli the raw materials for tbe food ana clothing of vast multitudes of people. Mo other company of men ever rendered a better servioo or hove contributed more to tbe life of tbe race and to the joy of life than have we. Put, master, during the years of your absence u rover Cleveland, lienjumin Harrison, Orover Cleveland and now William MoKinloy have been running the government on a single gold staiidurd. Tbe purchasing power of tbe dollur has boon going np. The purchasing power of our products bas been going down. AH tbe time our products have been able to get fewer and fewer dollars. All the time the gold standard dollars have boon able to buy more and more of our products. Tbe full in the price each year from the beginning of the year when I mode my contracts to tbe end of tho your when I made my settlements the full in the prioo of each year bas been enough to absorb all my profits and eunh year to use np a portion of the original invest ment And now, after all those years of toil, after the measureless saorlfion, aft er the determined struggle, after tbe sreat blessing we bave wrought for our country aud for our race, I stand before you absolutely penniless." And tbe man to whom be had given five talents stood and gave an account ing, and bo said: "Master, the money tbon didst give me I invested in matin focturlng. It was in a line of mannfuo turing wbicb could not be covered by a trust. I was obliged to submit to tbe law of surely aud demand. I used tbe most modern machines. I employed tbe most skillod labor. Through long bonri of patient toil, amid tbe buzz and roar and plunge of these mighty instruments of industry, we bave toiled on through the years, producing many things of beauty and of nse. Put, master, during tbo yoars that tbon bast been away Orover Cleveland, Penjomin Harrison, Orover Cleveland and now William McKinley bave been running the gov ernment on a single gold standard. Tbe dollars bave been getting dourer, tbe products bave been getting cheaper. Each year the dollar would buy more of what we produced. Each year what we produced would buy fewer dollars. Tbe fall in tbe price for each year between the beginning of the year when I made my contracts and tbe close of tbe year when I made my settlements bas been sufficient each year' to use up all the profits and a portion of tbo original in vestment And now, after all those years of toil, after the measureless bless ing I have wrought to my oouutry and my ruce, I stand before you absolutely penniless." Aud tbon tho man to whom be had given tho ouo talent stood to give an ao oonuting and slipped his long fingers into bis long pockets and took from its depths tho original talent tbut had beeu given him 011 bis master's departure, and said : "Master, here is thine own. I knew that thou wi rt a hard master. I knew that thou wert a gold standard man. I knew that thou didt gather where thou badst not sown. I knew it would not do to take any risk when dealiug with such a master. I took the money thou didst give me, wrapped it in a napkin aud buried it in tbe back yard. It bas been there all these years of your absence. It has taken no risks, it has borne no burdens, It lias employ ed no worker, it bas taken none of the clmni'fi of trade, it has borne none of tbe rixks of the market, it bas reudered no nervlee of any sort whatsoever all them year. It ba beou buried away Iu tbe ground, usulo, worthlen, idle. I heard you were coming back tbe other day, and I dug it up again. It U here. It I tbiutt. Hut, mauler, while you bave betiu away (irover Cleveland, Iknijaiuiu lUrrieoii. (irovtr Cleveland and now William .Mi Kluley bave U-eu running tbe govtruiut'Ut 011 a siugla gold stand ard. Tbe ureliiiig power of tbedolla? bsa been going up, Tbe purchasing power i f ewrylblug sleeba been going dowu. Take tbi talent; ll la tblne. II will buy twlo a much col low, iwiee as luui h e ru, Iwlee a many ii. twice a many yard of cloih, Iw lee as much labor, Iwlee a inueU of all product t4 UUr a wbwti tboti didl give It Iu uie Hi the ttrl piatw." Aud lbs lutr Midi "Well dona, I hou wlikd iot lotttfu! rveuL Ibol 14.I been (aliliful oner a small o., now tiiou tliali l a in in I r 1 1 WiKuiley .i ii.it " Walter tbotua Mill la Initio illo AUtfiMliie. twt Dal ! Vt4 W dt a s'"l liijutllte u rlu la Ibtukiiig btut wuk'd above all w niUHUt wkkntluve. lie was ttty a huiiu4 iti.mvy ivnr, ea t like all money lvet tldu'l uutMtUud CbrUI vli!i't iwake iu! l te wris tf blut f Ibe Mtuleg i f tiu, lie dtutt't waul bli la be fcilivt. I to wt belief tttkwk be found tbe! t htUI WettM Is killed, iuiw bis tuuy ewsy ludaully aud bi..J bluieelf llow uiauy t-l vet pre al iitty talk. , mI4 lot lb (tat e l Ihnuetlvea, bu st f was killed Ji bt tUtsiM, RUDGE & MORRIS COMPANY, HOUSE FURNISHINGS. We want to call your attention to our Carpet Department again. It i getting to be a kind of hobby with us, because it is so big and contains such a fine line of Carpets, Kugs and Mattings. In fact, we have the biggest and best stock of this kind ever brought to the west and we take pride in showing our friends that it is no longer necessary to go or send east for anything in the Carpet line. Our imported stuff will surprise you. To say nothing of Car pets, our Persian, India and Turkish Rugs are worth seeing. They are marvels of the art of rug making in oriental countries, where it has reached perfection. The odd and artistic designs, the brilliant colors, and beautiful tints and combinations must be seen; they cannot 1... Ti J ...Ul. - 'IM- . I .... Ml . .1 ' . ti . uc piciureu wiiu a pen. 1 nc prices un some 01 me nana-woven rugs win scariie you, uut we have all qualities at all prices. Our line of imported Japanese Mattings is most complete. ivuu 1 tun iu visit un ucpurimetu wnue me new siock is practically unuroKen. HANDSOME RATTAN AND REED ROOEERS. No. !0'1. Fancy lted Hooker, ladlos' mI,d, reed top arms and cane ant, innple base, a great bar- (Q flil galu.for fOUU I No. 115. Holld Oak. Ileal leather seat, embellished back, splendid tfrj f C rocker lor... a? Its 1 V Dii4fYA Mnrrlc Ph HIS to U26 NSt, UI3to UI7 0 St., Lincoln Nebr. nUOgC tt mUiriO LU Urgest Furniture Market in the west. Office: U 22 N Over One Acre of Floor Space. 1 We solicit a trial mall order from out-of-town customers. Btrnd for our new Illustrated Catalogue, and If you ean't And what you want, write to us. Visit our atore when In tbe city. We take pleasure In snowing our stock. Kemembpr, we pay, tbe frftigbt 100 mllos on out-of-town orders over IS, and we employ a city buyer who will buy anything In otber Hose for you ' and snip wftb any goods you may ordnr from us. NEW SPRING SHOES Men's Shoes from 95c to $4 Ladies' Shoes from $1 tO $3 Complete stock of boys' misses and children's Shoes. If you are not a customer at our store ulpase ston in and iret ac. I rm quainted' Possibly wc can do you some good. THE WELLS SHOE STORE, 208 North Tenth Street, Lincoln. Go.To.U. J. Martz For Farm Implements, Wagons, Buggies, etc. Wavcrly. - Nebraska BADGER LUMBER CO., A. H. tt fcllt, AessT. Coritr n iaj III Stt., LIMCOIN. rfcoae IS. . . . COAL & LUMBER Fill Auortntat.Bttt CnJt. Uttfit rrttrt. M t'ltl.MK t tH'M II, IIIU HOVAI, Alt AM M Mil) tuiUI a l.ti'lil'rf Iu t ietvliMtd, Ubtii, Ut i n, Ur wbU h the NU krl l'U Utt( I tlln'Hl U. nil I'tkelt nt.t- far nut imh-IiIi-I f.i the rtl ti in tm ivHlHttttw litait. t uetveUnl lluiutf lar 'rtl,V. tralilitilnl l- init ur and dav nwfcft aie In t k4re of riiirl atMe' lie lw-f inau tm .iar due. 1 brv lbriih Irwtw Ullt, friiM tbw a I'urea Siiwt I Mttfvf Ulli, I tli e l. I'lHT tl-lAtU-.l ItttttruialUiH tl tn nr allta J. V, laUhatt, tpiel Aftt, III Adam M. Ihlvan lit II No. 1108. Large solid comfort arm Hoeknr, llmt rattan, troll braced, will lost a lifetime jjj gQ No. H7.A beauty, tolid oak, full tize, leather cobbler seat, in antique oak or birch mahogany finish: 02.69 E, A. Pegler, 2 Feed of all kinds, Rock Salt. Oil Meal, Iie'a Lice Klllnr. IosHot l'owdnr, Hhells Orlt for Poultry. J. H. Treniiolm. A. Vancil. New 2d Hand Store y.i0 V Htrent, north of rostoflloe. Now goods exebangod for old. Highest cash price paid for all kinds of Btovne aud Furniture Give us a Trial Trenholm & Yancil COOK e BARLOW, is liar hi.ii, cell jiuiir etuutiaa Ol Ih.lr duck, end tb.ireurk, would iulilklr MiraUuRi O llriw i HdllM, ibr mk a lue rate, Ktlln mtotk ntiMt cumpl.lt, rigbl ep to ilata. B UxktU. d l ap Hub, Wklf. I'tUa, 4tiiere, ret due I rlrt, Iu tan u ue dull'. R pilrma clelr, pruailljr, 4 emk (. e elll ! MlletMllua .IWlll. , irtr !' II ' are W b-l tuMwllllue, I naie ul ie lue. COOK & BARLOW Hjrncss V Saddle , Makers U1S, UtH St .llKeti. Nl. rtmummuhummmmiuiwsnunni t ' eik No. fl0.-Rlld Comfort Iked Rocker, trong and easy, (He best for the mouey ever offered, ladles' gQ No. MB. Hardwood an tlqus finish, eane seat, em bellished blgb back, a splendid value ffQ Eft for.. .. ......1 lUsWV IIA1T18T ANN1VJS1WAIUE8. lUM liaUr, N. Y., May 16-24, 1808. Hie Nickel I'lut Hood is authorized Ui sell tlcki-ii to IUM bster, N. Y. and return at om fitre arid one-third for the round trip, on rertlncaie plan, ac count of above meeting, Ticket (food on any of our through express) trains icavinif i niciiiro rroin me van miren strt-i't pusMifiiKt'r station at 10:35 a, in. 2:55 p. in, and 10:15 p. m. Vcstlbulcd nli'iln' curs ami uiiHiirpiwisea utntng cur servlcB. Colored )xrtrs In vluirge. Hiivk time and money by patronizing tho Nnekcl Tlato roal. For further in forinutlon call on or address J, Y.Ciila- Iiiiii, (Ji-ihtuI Akent, IU Adams Kt, ( bleatro, 111. 2t ONK AM) ONK-THIRD FA UK for tbe round trip on the certificate iiluu to t'levelimd, 0 and return, will lm made by tbe Nickel I'lute Itofwl, ao- foiint of meeting of Supreme Council of tbo lloyal Arcanum, May 18-25, 18t8. Threw tbroutfh iniins ilally with ser vice eiiiul u that of any other line lietween same point. Von will save tlmn and money by patronlzlnfc the Nickel I'lute HimuI. Try It and lm con vlniVil of tint ailvantagea afforded the truvelliifr public J. V, Caluhan, Gen eml Airent, 111 Atlanta Bt., Chlcairo, will lie. pleiiNed to furnish 'any informa tion relative to rutea, eU Tntlna de part from the Van Ituren Ktrwt l'a Heucer Klnllon, Chicago, HI, 2t In the heart of Chicago. The Unloa I'aaaeoger Hta tion ia I'bieago. Into which all liuriiogton lloute trains run, is located la the very heart of tb city. The prlaelpal hotels, the largest store, the beat the atrea, the b!-Mt buslaees eetablisbaieiila, are only l blocks dilaat to reach i hem It lea't tvea awessary to tahe a street ear. To react CnleaTO, It IS axwaaary to tahe the ll ur inific (toate-ihal la, III H;o vaallh bevMaereht, UmiuW tat hi r reaitiaaT yur alt trip !. r'ur tivttte appjr at lUr Uattua depev Tth aad P si re la, or sity vrtWe, euraf loih aad O stmts, cio, w. lomiL.c.r. at, a,, IIkoIi, NlritU. BICYCLES TMI IA1V UHNINQ OGcndron and Reliance O Is I iimim aMMie lw it, Arthur Bcti,,,,:,Wt wt ) I I lit nijiii 4