Nebraska Newspapers

    THE NEBRASKA INDEPENDENT
July 7, 1898
S5 Nebraska -Mepenbmt
9 THM WMALTH MAKKRS mni LINCOLN
INDRr&NDlNT.
PUBLISHED EVERY THURSDAY
v ths
(ndspBdsijt Publijhiijg Go.
At U30 M Stmt,
LINCOLN. - NEBRASKA.
TELEPHONE 538.
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Ad4rM all sonnianlratlubi to, and neks all
raits, motuj orders, pajralilt to
TUB INbEPKNlJ&MT I'Utl. CO,.
I.mooi,, Nit,
I'OMTICAI, DATUM.
People li)(JfM'ndont state convention,
Lincoln, August '2,
state convention,
state con von Hon,
Bllvor democratic
Lincoln, August 2.
Bllvor republican
Lincoln, August 2.
Kcpublioan state convention. Lincoln,
Aug. 10.
t Congressional conventions-
People Independent fltb district.
Broken How, July 11.
Peoples Independent 4th diNtrict, York
July 27.
Ily the way, what baa become of the
tock yard ease brought before Judge
Muugor of the federal court dome
months ngo7
Congressman Sutherland la mentioned
111 t . . m a
oa nsoiy man tor governor, but wt
want Itnoderlek Dbn to atay right whore
bale. Hide a wee brlther and finish the
work you bare In band.
Admiral Kampaon Uvea up to the repu-
tatlon 01 Ilia ancient namoHake. He la
the atrong man of the present day and
la knocking down Bponlsh forta and
fleets with neatness and dispatch.
IIOODLK IN ELECTIOSS,
The DODuIint and silver democratic
state committees have published an
opon statement of campaign receipta
and eiDenHea the pant yrar, ahc wing be.
twoeu $4,000 and $5,000 collected and
paid out-where It waa collected and
what it waa ould for.
Thia is the first time such a thing boa
happened in the history of the etate and
It baa created more colic In the gold
standard camp than a glass marble in
the glrxnrd of a gulnoa cock.
The very Idea of a pop etate commlt-
toe harino $4,000 to spend and spend-
ing It for literature and apeaknra makes
the hand organa of Joe Ilurtleylsm howl
with hunger. The State Journal and
Omaha Hoe have wept sea-turtle tear
over the woes of employee In state in
titutiona who have contributed to the
populist campaign funds and torn their
hair In horror of contemplating the
publication of such iniquity.
Now the fact la that it take money 1
en pre tlx. (mill tn the tioonle whether it
Is the gospel of salvation or the gosjiel
of good irovernmeut.
It ha coMt enormouH sacrifice of
bnl.h tnriiinv iliiiI t.lrnn on the IIMft Of
nruirtiien In Oils statu to drive OUt of
power the thieve and plunderers wb
have roblwd the people of Nebraska un
dor protection of the courts una tl-
party newspuiiers In time past. It will
coet a groat deal more to froe the people
from the financial and Industrial rob
bery that still continue with junction
of the court and old party newspapers,
Home one hue to nay thia money am:
tli oho holding Halarled positions aro en
titled to do their enure. Most of them
have done no, but no person holding
any kind of salaried position under the
present administration ha been re
moved or threatened with removal be-
oause of failure to contribute.
How baa It been with the repub
lican campaign fund?
Doe their committee dare publish
atatoment of It receipt and ex peases?
Doe it dare print the amount re
ceived from corporation which have
asked and received valuable favor at
the band of the party when In power?
Doe it dare publish how much of tho
money stolen from the school children
of tho etate ba gone into tbeconduct o'
It campaign?
Doe it dare report bow much of the
Insurance foe embezcled by Eugene
Moore or the oil inspection fee by Hil
ton have gone into the common pot lor
Nebraska by the republican
It waa "a sad but glorious day for
Spam" when Ccrvera came out of the
bottle. Looking at It from a Spanish
point of view, General Hhafter la about
to add another "aad but glorloua day"
to Spuln's already long list of holiday, ""'"ft
route 1
The Spanish admiral, Cervera, succeed- ')Ma dare tell bow tbia money baa
din unbottlingbia fleet ao Santiago beenepent when gatheredbow much
and the outcome waa a magnificent die- oa lfone 'or whieky and beer bow
play of flreworka. When the smoke "web for hiring ward pluggera bow
cleared away bl ahlpe wore thinga of much for ('fixing" votore In tba large
the poet. II ehould lose no time In I cities?
cabling to Madrid: "We have mat
enemy and we are blan."
toe
''Finding ia keeping" with the men
who make up tbe expedition to tba Tbil
Ipplnea. Some uonoslnoai waa mani.
leased among officiate at the delay of
the first transport In reaching Manila,
but when they did arrive they explainod
tholr alownea by stating that eeveral
islanda of the Paciflo belonging to Spain
had been taken in and the Spanish
flpvernor and. garrisogs were brought
along as an evidence of good fuitb.
Congressman Stark has been favor
ably mentioned as a mun who could
Unite and successfully load the reform
force a their candidate for governor,
and tbe democrat of hi district seem
auxiou to endorse him. Ily o doiug
tboy hope to seen re hi seat in congress
for one of their number and the plan
would doubtless succeed. However, the
congressional convention meet prior to
the state convention and congressman
Stark will no doubt be named by accla
mation. He ha mad a good repre
sentative and deserve aretnrn, aud can
do more for tils couHtltuent and bi
party in congress than be coulJ n
rrnor of Nebraska.
gov
I'ucle Hani Is becoming fastidious a
to the physical infection of hi soldier.
Tb examining urgetHt ar renting
hundred of able bodied young ine ho
am umt to out door nwlw and who
are well (uipMHl to work or bunt day
after day, and they ought to l able to
Ught. Coneldcrabl ditllculty I rr
iwicwl by ths m ruitiug ortlrs in ut
ting a sufflitfnl aumbor of men ho r
p to the atanJard, and II many mr
voluatr are ealUl lor it tut U tm
ary t drMt wbu r m tba ur-
gMtns, ,Noau vlMttnlalUtr
mA durtag theriv il war and yl a M
tr kit ol tildtr hvr ba4 ap Ut but-
Hkiag aUiitt tk rtumb)trtid
M.Nta)al rrid." i k .rt v tit m
ktHtiy a f lU 4ra iu bay
boai at tUi Hmm U Um mrlil y
gtv k tkat .l tbe !v mtit U Nw
mrWM i th44 dy,
"! I kli ywi loukV iWtaaadl a
V-4 tw .tibstt rgro woHia il
lkm or tba aitfthia
M$iaa"wMtbar.l. -Hi.b-aata tb
rt tt !. b i( tttx Rh4 f,ri,t
! K-i. b hi - Tba uU tba
m tba aat tkm kl t tb
brabl Ull ftiinpaki f b
Ulatlaa AwsrhNMi la tba tU
wl tba aUa a awtda. WU rprMat
laaary.
Doea it dare toll bow much waa paid
to "control" the Italian and Bohemian
voU in Omaha atone during tbe 1800
campaign, and to whom it waa paid?
Doea it dare make ft showing at all for
the enOrmoua campaign fund brought
into thia etate during that campaign?
, Let ua have an end of thia humbug.
Tbe populiata have made their ehowing.
I.et the republican make theirs, Let
tbetn into the forum of public opinion
and show where they got the thousands
of dollar spent in Nebraska to keep
boodk-rs and plunderer In ofllce and
bow thoy spent it,
It them show thuir connection with
the Hhortago of half a million dollars or
thereabout iu the Pacific Express com
pany accounts.
lM them answer tho direct testimony
of the olllcer of that company that
thousand of dollar of the company'
money were contributed to the republi
can campaign in 1N0(I.
Iet thsm tell what became of over
$0,000 which their own committee
louud had been spent in Douglas County
two years ago.
It tlmm explain such item in their
account a "Cadet Taylor M demo
crats, Hi." and a thi ".'IU pint ol
whisky (eU'liuu day) $7.i.'0" as ap
pear Iu the (HMtiuuiuy Mors the com
mit le on privilege and elections In the
last legislature.
It the republican state commit tt
mull a clear pul.be statement of their
receipts and expense a the populist
hvs dons or stand convicted a
charged til Uidlaud rascality U use
ol rampa gn fund.
I I H HOI UKMM tM.
Tlis elections r ths (Iwriuna psrlia
Went area derided Victory forth so
rUhst party, lustsa d i 41 muUr
bteS try hsd la tbls psrlismmt
they will have IU) n4 iatad tl ljoo..
tKHi vtitM n b lt Wtua tbsy bat
over a.tMHJ.isHt u. Tbe gia r
wad in lb Iai d gsnsf ai dpiiki
of ritUt vrtss la tlertwasy to etai
bin alss tbsir aomihe d ths at.
Musitstturt ol tb easpemr and bis rail
ht tusupphNM tbsm, l bs tnili ai;
latltmy trrssiiiid la4iiH(al battel
eI fUsssJy Iu thdtaea guard ul .
alwut ia tb I ailetl iitatea, is program
rU very Kiutfc M, Nebrosba or
Kaasa H.(!nt lll.)(m an! Ueitide
1, l uyui Hsfb'v
t. his. t WUalUHi by tba peopk
S. rsgW riajrsw4va ieua Ui.
4. AbiUUHi til wag sistt by aw.
Vftiua.
i. ?'alHreltktkMt
A. l alvmaj Itm aafraga,
1. I'rsw spsw, tr rsst.
8. Free administration of justice.
0. Abolition of standing array; in it
place general militia.
10. Shorter boura of labor; abolition
of child labor.
Some of tbe Item a in tbia program tbe
people of America enjoy today, but the
first four and lost there are isauea aa live
in the United State aa In Germany.
Tbe eighth item especially deserves more
attention in tbia country than it baa re
celved. Everyone understand the tre
mendous disadvantage a poor man ia
compared with a riob man or corpora
tion in trying to secure bin right in
tbe courts, The proposition of the Ger
man socialist I to make the entire ma
chinery of ths court free to litigants,
tho attorney and officer being paid by
the state for their services,
It Is remarkable that the agrarian
party in Germany suffered a severe de
feat In the recent elections and will have
hardly any represontatilvs in tho new
parliament. The agrarians havo been
sometime, though Inaovurately, classed
a populists, Tho most prominent
features of their program havo been pro
tectlon to farm products aud bl me tall
isrn. Tho agrarians have been some
time represented as tho farmer of Ger
many. Ituther they are thsfirm-owners
tho landlords who have been noarly
ruined by the general fall of price and
by tho competition of American farm
product, Their plan of action ba been
first to exclude American farm products
so us to secure the German market for
their own acres and second, the adop
tion of blmetulism as a means of raising
tho general sculo of prices. Tho first
part of tho program has been put in
ofieratlou by the Gorman ministry by a
dozen different device for excluding
American pork, American flour and
American fruit from the German market.
The distress caused by these restrictive
measure to the non-latid-owoing wage
workers has no doubt contributed to tbe
agrarian defeat. In the direction of bl-
metallism the agrarian in G rmany
have accomplished nothing to speak of.
1 he result of these German elections
are full of encouragement to the radical
social reformer, but are a blackeye to
half way measures.
JOB HARTLEY IN STATES PRISON,
At a late hour Wednesday night J. S
Bartley, ex-state treasurer of Nebraska,
arrived in Lincoln and entered the pen I
tedtiary to begin a twenty year sen
tenoe.
Hartley was tbe same quiet, well
dressed, aolf-poasessed individual that be
was when In control of the etate treas
ury. He showed no emotion and gave
no bint of ever opening his lip on the
subject of political secrets known to
birn.
In response to telephone message War
den Leidlgh says bo ho made no assign
ment of work to Hartley and cannot do
so until be ascertains bis physical con
union, ue 1 suuoring irom a bad case
of granulated eyelid.
THE DIirirKllKNCE.
The difference between moneys col
lected and paid In to the state treasury
by populist state officials in the 17
months from Junuury, 1807, to Muy 1,
IHW and that collected and paid in the
previous two your;
Paid by populist $fl,18.'l 12
Paid by republican $L'J,218 79
wr to put It on the black board so tbe
little children can read It:
Paid by t"f"ilit.
I'uid by republicans.
Keep it before tho people.
The official vote iu Oregon for gover
nor this year was.
Gear (Hep) 4 5,1 04
King (Fusion) 4,M0
Luce (Middlo-of-tho-road) 2,800
Clinton (Prohlb) 2,213
field of corn on bis Saaoders county
farm and is tanned a deep rich brown,
which will not count against him when
he comes iuto the etate convention and
begin looking around In the corners for
tbe gubernatorial nomination. He Is a
typical western farmer, shrewd, success
ful, well Informed, and be farms tbe land
not the farmers.
Hon. A. H. Weir; ox-mayor of Lincoln,
is steadily sawing 10 foot fencing and
saying nothing. He beard tbe bam of a
lively bee In bis bonnet, aome tlmo ago.
and seemed unable to decide at first
just what it meant. It was not long
however until ho put hi ear to tbe
ground and heard the demand rolling In
that he run for governor. Mr. Wior is
brave enough, but he is also discreet,
and be immediately surrendered, aud Is
even now in tbe bands of bis friends.
Mutt Goring came over from Platts-
mouth last week to get a drink of pure
water and incidentally to find out If any
one was Insisting that he represent the
I'irst District in Congress. He didn't
say what ho heard but he was seen trail
ing Congressman Strode around and
THE BANK FETICH.
PROPOSALS OF "EMINENT FINAN
I CIERS" THAT ARE SHEER LUNACY.
Tb Lsgltlawt Vanetloa of Bank 1st a
ID Currency Is Not On of Them This
Belongs to ths Government Alone A
' XfJgb Anthorltjr.
"Matthew Marshall," who has for
year been the leading financial writer
on the New York Snn, cornea oat bold
ly once In awhile for what Is known as
"greenback doctrine." The following
is from a recent article written by Mr.
Marshall :
The committee on banking and cur
rency of tho house of representatives has
reported favorably a bill the object of
which is, as thoy doclaro, "the elimina
tion of government paper money from.
circulation" and "the issue of a bunk
ing currency, bused purely upon assets
without either bonds or reserve notes,"
which they have the audacity to assort
."will involve no risk of undue inflation
or of loss to the note holder. "
Tho same funutical faith in tho effi
cacy of banks to remedy every financial
,eviL which resembles more tho rever
ence of tho suvago for his fetich than
taking tho measure of his footprints tho conviction of rational men, was
Tbe Central Committee of the Popu
list party for the 4 th Congressional
district met at York on July 1st and
derided to cull their convention to nom
note a candidate for congress, to meet
anno cuy 01 1 or; at a o'clock p.m.,
on Wednesday July 27th 1808. Judge
Edward Dates was chairman of tbe
committee and George L. Hurr secretary.
Representatives of the democratic and
silver republican parties were present
and expresaed a deaire to co-oporate in
electing tba nominee of the convention
to be bold upon the date above given.
Every delegate and visitor waa free to
expross bis viewa upon all matters effect
ing tbe campaign and it was decided
that tbe state contains plenty of good
men for the gubernatorial nomination
and that congressman Ktark was'doing
too good work for tbe 4tb district for
tbem to be willing to have bim become
nominee for any other office. After a
very pleasant and valuable meeting tbe
committee adjourned.
The removal of Ex-Senator John C.
8precher from the newspaper field by the
sule of his Hcbuyler (Juill is a loss that
ill be felt in every newspaper office In
Nebraska. In spite of a dash of eccen
tric inconsistency and a very bod dispo
sition to make bis own personal quar
rels the leading foature in bis editorial
page Sprccher was decidedly in the front
rank of strong uud interesting editorial
writers in this state. His paper waa not
an echo of anybody. It was free from
mau-worship uud party fetichisin two
great devils which lie in wait for the soul
of every editor. The Quill bore every
week the cur mark of enormous indus
try and appltcatlou and it sturdy and
even ecceutrio ludeHiudeuoo made it
largely read everywhere.
The Kansas democrat were of end
the place n( lieutenant governor on the
ticket by the populist convention. The
present lieutenant governor Is enlisted
In the twentieth Kansas, The deuus rat
Mused to tak bl place aud uomluat)
the sutlr ticket ol populist stats otflcer
by a ot of three la one, Thi was a
very luagounluinu and patriotic act,
but it ought not to have been required,
Th men who ar good t ough l vote
Kif and elwt a ticket are good euuugb
to bvlp aitniluaw; It. Tbey might not to
tw expected Id merely 'Vndoras" Ho ml.
natioua already mad. Neither diuo
rrU a r populist caa be te. o
do this. Justice demand that thtte
ha vtl a llvbet should nominate u
aad etuiiiium eus lu iuats thai Ihoee
ba Ihiab tie!bef and vut together
should tMt together. .
Jabs Hbcrwaa waa ngbt wben be U-.
aessklly observed that "wwri Ml" tat
agKt4m.My i-e W di l au rii it
nstitth be;a tuftima U t( lb
oV-etievat labial ltgn, asj tbey
rad lb aaniea talker, brut here aad
lb lag M ml MM aad
de.1, Tb wr ul Cab t U
!! m it bU4 aad lb pari t It
ia thai Ibnueaad i yaw AttetU
ml gtvit their bv ur lot
aestar with tb aMy, ty tb iM
Ibl war k aver Ub4i way wellbaadWd
Htba dark tad kuq na4,"
Total rote 84,753
IUp. plurality 10.574
IUp. innjorlty 5,409
lor president in 1890 tho vote was:
McKluloy 48,779
I'ryan 40,002
levering (Prohlb) 010
It will bo noticed that tbe mlddle-of-
the road vote was not large enough to
have changed tbe result if It bad been
cast for tbe fusion ticket, but tho large
increase In tbe prohibition vote together
with the middle of the road ballots cast
no doubt does signify a good deal of dis
satisfaction with fusion. Union is the
lesson of the Oregon returns.
George L. Uurr, secretary of Congress
man Ktark, was a visitor in Lincoln Sat
urday and entertained bis friends with
sketches of life at Washington. He told
in an Interesting way tba atory of Con-
greasman Ktark 'a work on ths bouse mil
itary committee and the means be sue-,
eossfully used to prevent tbe increase 0
tbe regular army from being made 1
permanent increase in peace. In Durr's
opinion every preparation is being made
not only for increasing tbe national
debt, but standing army to over 100,
000 men and tbe nary In like propor
tion.
"Have America to Bave the World" Is
tbe motto of one of tbe borne mission
ary societies. It is a good motto. Bave
America by restoring to tbe people by
just legislation tbe bouses, lands and
property of which they bave been robbed
by corporation and combine and by
establishing a system of production and
distribution founded upon justice. Bave
the rest of the world by setting it an ex
ample of liberty and justice, by sending
it books, teachers, good will Dot gu n
powder and bayonets.
Of course there are two sides to the
pass question. One of tbe governor's
henchmen claims that it Is almost a ne
Ar.ulAM f it.. l I m .1
want 1 j wr me cn 101 executive to nave a
pass. Tbe salary of $2,500 a yea
wouia bave a big bole In it if full fare
was paid every time tbe governor went
to Omaha or other cities to deliver ad
dresses ol welcome or attend to official
business. There would be a big kick If
tbe fare was charged to the state, "and
besides," says the mouthpiece, "a pass
aoe not influence ucamh in ii.a
east."
One of the planks in the Kansas popu
list state platform demands an increase
in the pay of the private soldier. The
gap between the pay of iIih private at
$1.') per mouth and the lowest commis
sioned officer ut dll& sir mouth looks
a little too big for patriotic American
eyes. It Is too much like the gap be
twit x the section mun ou the railroad
at $1.15 r day aud the divisiou susr
lutein lent at $.1,000 to $5,000 per yeur.
I'OI.ITIC'AI. NO I K.
The news of Haiiimoii'e decisive ictory
ovr Admiral (Vrveru's fleet at Bantingo
was received in Lincoln with great eu
tliusiusm and doubtles caused the n
ienditureot mauy additioual dollar (or
fli work 011 Hie fourth, The state offi
cial from Governor to jaultorexcbnng--d
henrty congratulations and acted
almost liks a lot ol boys hi their ri-jnio.
ingover Ihesiuual triumph of Aiuers'ita
arms. We are rapidly coiing 10 tbmk
that our slil aud gunner are tha bwt
ailout, aud, to us a tit ate xpreealv
slang, "the niau who doeaa't think so, U
I a liar."
H4U the (tctttug war ma lat
politic i le-ginning Iu attract attention
and candidate are springing up la ua-
1 pel led place, There I plenty of tim
ber, Bh4. bad and ludifbreul.
i, 0iu, lwvert ul Omaha, wt to
I tbe bi I governor 4 dee't care
wKukaaw II, II I l,'lB !
ptitta la ptttr lb IMutfl iaty
aVwnatio aud will a slroag pull il
h U vrwail, twwvf Ib.'i la a b'f
tump lu his way In lb ra uf ll.
Juha O. )Ur, bu bt uHethlmj l a
Hi!ttlclw biaeif aad waat In gv
tiaar M bad a any bo-ly, -fuvnte
Iu haw ilr, lv a kl li.w,
iskr ul tba Hon, Hoa. J, N.
Uartla, wM la Uaettlii last wh Mlliag
va tb boy, Ua has laid by d
with a yard stick, The result must have
been satisfactory as be left town with a
cheerful smile ou his face,
Governor Holcomb is keeping mum
these days. Never was there an oyr
shut up so tight. Ho gave out a letter
some weeks ugo purporting to decline
tho nomination, but close students of
good English claim tho letter Is double-
barreled and that It makes a stroug bid
for a third term. The private secretary
to bis excellency, Mr. Marot, smiles and
smiles, and is a secretary still.
1 hat recall a little Incident. Marot
was mentioned, not long since, as a
good man for chairman of tho Democra
tic stato central committee, and it rais
ea a storm among the fultbful. "Why,"
they roared, "why do we have to go Into
another party to get a chairman. Not
much! That little scheme don't go,
No one seems to know who started it.
but a bowl wont up that awoke one of
the state bouse janitors, and tbey seem
to sleep more, and sounder than anyone
west of tbe Missouri river.
Baruuol Lichty, deputy state auditor
stands alone; ho is a marked man. He
doe not ride on a pass, and be is after
the follows wb do. His correspondence
fa growing every day and each letter is
from an unti-passits who clamors for
the official head of every pop who uses a
asteijoard on tbe varnished cars. It is
said that a dornick cannot be shied
near the state house without hitting a
pop with a pass in bis inside pocket.
Tbe present state administration is
maKing a record, ami a good one ut
that. There may be a little inconsist
ency at times but the main results stund
out like a thirteen inch gun on a buttle
ship. Tim governor Ims hnndleii Nebr
aska's volunteers in an admirable and
biisinuss-liks iimniier am in spite of
much udverse criticism has held steadily
ou his course and won tho good opinion
of all fair minded sopl.
I'ucle Jake Wolfe is still raising blood
ed hog and leasing etute cbool lam to
the best advautage, lie ha brought
the biisiueH of his ofllcu ui in solemlid
condition and litis made sum vi-rv
marked improvements over former ad-
uiinistratioiis, as the board's pubiiehed
talomeuts, from time to tiuie. will
how.
When Judg Hoott, of llmuhu, dis-lun-d
hit lh Midway duiicea at the Cuposl-
inn were uot reestublit nil I that such
uiies would have tastop, h-nl all the
mpltiyes at Ihut'upllol buildlo, so it I
aid, Immediately grabbed their hat
and started for the windy city to prov
to their uwa satisfaction that the Judg
wo right, Most ol Ihetu came back di
polluted aud at au Informal meeting
declared the said huw to be dt-iddly
lame.
tl i reported thai the W-gislMtii in
esligaling touimiltr ba uiirijr faik-d
and imniSm led la draw out Ike U IJ .I.I
ut In Io.imhI -l rt. rnlio. HU I
aa lurvatH im-rigbt f.-r abb
t'bairaiaa iialt sbeuld Is brld riMisal-
b), akM k ba killbal aamnal .r
s tn4 wad ti u aaolber apr fu.
tioa laUaia-Uby Ibeaetl ll.Uiare
riaMiiel I.Wblf. tb iamfssiw d.t.nle
id Ibe audits a t'lhv awl tke waif mm
ittle tllalwba ltbv ta
larvwbew tx Iivvsk I awtli lua.
' II is aius lawatreain.ad wiih
war aba I Maeera la their dl u
aUilh b pas ulew, li tb e tb
b may t Iberw are Nstik ir
la Iks Male ba trsaiel asJ
Make a aaited rl ta bat ituifMi
ratarm swawpltobe4.-Aabar Piwi.
shown in tbe sonato iu tho debate upon
a bill to incorporate tho Jritorautiouul
American bunk, an institution designed
to facilitate and iucreuso the commerce
of this country with tho countries of
South America. At present our imports
from that quarter of tha globe umount
in value to about $110,000,000 yearlr.
whoreus our exports thither amount to
only ubout $35,000,000. Consequently,
in order to pay to our Houth American
creditors tho difference duo tliein of
$78,000,000 yearly, our niorebuut sro
obligisl to buy from tho European cred
itors of those sumo debtors claims to
that amount, in the shupo of drafts
arising out of tho suloof Kuroneun mer
chandise, Wo send to liuropo agricul
tural products, Europe sends to Houth
America manufactured goods, and wo
take our pay from Europe, in tho coffee,
India rubber, hides and uietuls which
we Import from Houth America.
Evidently so long as wo do not sell
direotly to South America enough of
our own products to puy for the product
we buy, we must, of necessity, draw
opon our credits in Europe. Home of
our senators, however, fancy that by
establishing a great bank, under a char
ter from congress, we shall in some
mysterious way chtmpfi the present
condition of things. Senator Frye re
marked: "We paid Great Britain last
year for exchange alone on what little,
miserable business we do with Houth
America over $2, 000, 000. Why should
this great nation do that? Why hot have
our own bank?" Why. indeed, excent
that "our own bank" cannot create the
exchange which we now buy from Eu
rope. So long as we buy from South
America $75,000,000 more in mer
chandise than we sell to it, no bank
here can furnish the drafts needed to
pay the $75, 000, 000. It is pure fetich
ism to suppose that a bank can reverse
the laws of trade and supply the means
of paying debts to people who havo
nothing to give for them.
The same superstitious faith in tho
omnipotence of banks dominated tbe In
dianapolis bankers' convention of Janu
ary, 1807, at which were adopted tho
resolutions out of which, by gradual
steps, the currency scheme now before
the house of representatives has been
evolved. The grievance which that con
vention was speclully called to rwlresa
was tho lack of money in tho west and
tho southwest, and tho measure requir
ed for tho purpose was unanimously de
clared to be an increuso in tho number
of bunks and their wider distribution.
It being admitted thut bunks in these
destitute localities could not make a
living by legitimuto banking alone, tho
privilege was deinandcd for them of is
suing, umro liberully thuu is now per
mitted, notes to serve us money, and
this demand now takes the form of ono
for lilsirty to all bunks to issue circu
lating notes "upon assets without either
bonds or n-M-rvo notes. " TliosumxirterH
of the measure do not seem to consider
thut if tint note issued by such banks
are gsl they will not stuy in a jssir
neigh borhtKsl and thut if they ure not
gisHi tiiey will I) only instruments for
swindling the ignorant ami the unwary.
u iim'U to isi iiri-d in fuvor of banks
thut they are iiKlisis'iisuble agents iu
prts-urliig money for the government by
buying it Isinds when it iimds to sell
tin ui, uud thut without their help uo
hoiul could be diL This superstition
bus twelve.! its deathblow from the ex
l rbiiiti wo are now bat ing. Instead of
the. government lieiug obliged to ben u-
kistuiic from the liulikt in 1 Uinu its
bonds, it is the banks which are tM'Uitiiiir
the govcrniiu ul as a f,m.r to let them
bave tb tstiuls to sell. Tin y never lu-
dewl U.umIiI bonds with their owu mon
ey, bui UM-tl fur tli pun th uumev
i f tin ir ileisatttor, ami now that IbeUn-
p.oiti'1 are nuilli-d to Ua II directly
they are buying the bond without y.
ii'g loll 10 me ink&
Tho bgitiiiialu function f Una i
r i nwui-y on ib-p.l and lend II
out ill issuing of Hole tu at rve a
money I a u.tuiMil,, t. m -rrtilivw
which properly Ul.-in; lo Ihe g.-ru.
Haiti only, aud wht. U shoiiUI u l
tb bgait-! e. vpt a m ia rtttri4M
by tU.. u .,nun. i.i ami riit u ,
l-i HI loUub cumin y auilae n.4
l y oiiaiil Ui4 t xir
litkh w-sfbip, wbih alvaiK(ng m,
litfhteUMieiil I U uud .i destroy and
wblth lt rslii iul tiiistw tusbl ii.
tHmragw, lb U ar tulitM la th
be it nft hiottry h inn U fur.
atshwl Uuih, and tb. r u ki Hixiy sm
tat and aa rlu thai a4 .y Um
aniwHMru and en ure. b th autir
ttvaila (4 tba Mil'. Tw aa us tu v-
b, U 1 U b this, tb ao4 4 iu.
aaifU i4 lllllw baaba, ksauag4 by bts.
w4 4 Wm t. HMnletal atUtilea, at
la Ut, ami frequently, a w as sa4
aatilM Vi auy iB,Kimw b4mt, ba