i 4
Oct, 27,189s
THE NEBRASKA INDEPENDENT'!
h i;
II
'i
. I
ii
TA PAPER CURRENCY.
FULL EXPUNATION OF THE POPU
LIST IDEA OF MONEY.
It la Cr4U Leaallssd hr Gov
Bieat-Aa Antborllf Which Should
' Be Reserved Alwr Vor WUoU
peesie.
It eems to me that financial Jntelll
f enoe baa evolved Itself to a point which
enable us to separate the idea of money
from the substance or thing by which
Ita presonceand denomination are made
known to hi through the sense of alght
god by wblob we are also enabled to
Crammlt money from one to another
throng h the sense of touch.
Tbe lame train of thought wblob en
able ne to distinguish betweon a license
and tbe document wblnh certifloe to its
xlstenoo ahould enable ue to dlstin
guiib betweon monoy and the substance
by or upon wblob Us existence li Wit
nessed. If thai eoparatod In the mind, tbe
mysticism of monoy begins to fade
way, if it doei not entirely disappear,
lor through inch an analysis it become
evident that money ! not a physical
thing, but an authority or legalized
credit made cognizable and transniissi'
ble by uuans of 1 physical thing.
Tbe authority for legalized credit,
called money, is indicated by or upon
the thing and la placed there not by
virtue of the substance, but by virtue
of tbe law. To bold that such an au
thority or credit la the thing by or
upon which tbe authority it Indicated,
li ai absurd as to contend that the
parchment and writing by which a
license it indicated ii tbe licence itaolf.
Although commonly called a lioenie, II
la merely tbe physical evidence that a
lioenie exists or bai been granted.
Nothing Js more important ai a baila
la tbe discussion of tbe financial prob
lem than a full comprehension of tbla
almpie fact, and all wbo itudy tbe
problom ibould endeavor to grasp it, for
it ii the keynote to tbe aituution wbiob
dleoloioi tbe line of demarcation bo
tweon a system of exchange depending
upon barter and a ayitein of exchange
depending upon credit. We have, botb
from choice and from necessity, a sys.
tern of exchange depending upon credit,
and our difficulty doei not lie la the
fact that we uio credit, but in tbe foot :
that we uie borrowed credit under con
dltioui which render it Impossible to
pay it back, si we shall aee later.
. To exchange aorvicea or tbinge for
tbe gold or for tbe ailvor is as complete
ly a concession to the cruditlea of bar
ter ai tbe awapping of Juckknivci, and
70a may atudy tbe financial problem
until doomiday, but until yoa are able
to disregard tbe idoa of tbe aubitauce
yoa will never be able to group the idoa
of tbe money or legalized credit.
When mau exchangee biiipccial iotv-
loe or product for money, be bai no uie
for tbe aubitance or thing upon which
tbe money li iudioated, but be baa im
perative uie for tbe authority or legal
ized credit by which be may procure at
till convenience certain other aervice or
product of bli own aolection. In ordor
that be may finally obtain an equiva
lent, and be ii entitled to no more and
no loss, it ii of great importance to him
and to normal condition! generally that
tbii credit ibould be praotically con
tent, but if a value approximating the
credit attaobci Itself to the lubitauce it
ii evident that any natural or artificial
fluctuation on tbe value of that one
aubitance, however disguisod, will load
to abnormal but invorie conditions in
ill otbor valuei and to most disastrous
ooufuiion in determining tbo credit
upon it! own merit. If, then, tbe
money or credit ii to be positive, it
would appear that tbe substance or em
bodiment ibould be negative in value
BO that it cannot in any way afloat tbe
credit itielt
Now, let ui assume that the people
of the United Stutci refute to itarap or
Indicate tbe monetary authority or
crcuit upon any more private gold ei
they have refused through tbe ooiunge
act of 1879 toiudicate tbe mouetary
authority upon any more private lilver,
but conclude to create their owu tuouey
or credit by itauiplug or indicating tbe
mouetary authority upon paper which
li of negative value and to issue tbla
tuouey In consideration of services or
tbtugi vrbicb tbe whole people iball
own instead of stamping liidUuttlug
tbe authority aa now upon gold, which
li the prutwrty of private Individual.
to be iuud by them iu oousldeiatluu of
Barriers or tbiniii which thee pi Wat
Individual shall own. Her wt have
presented tbe dlattuituishiug diffeieuo
in principle between the luktisl lasu of
national money aud fiie eoluag
tuouey, lu the Issue of wi tbe law i4
qutvaleuta la tecoguUed, to full value
Ii twelves ly the peopl for taca dot
lar Issued, w bile la tb other mm lb
law f etio'valvuta la disregarded, to
abeulauly nothing I rtvl ty tbe
people fi t tbe autburtiy tuii4 vt la
aioetol upon tbe prleu property,
IM m My bet that thei la aa ee
eeuiul ltf7rtw between grauttuf tbe
kaoitelafy auibotlty aa a lie gift la In
dlttdwaU by luditfetlag it upon privet
gU4 and Btaaii Ibis wut aathuttty
ae a ti gilt la tnauiJaali ty Muiug
II pilvaie allvvr (4 la graailug
tbetu aaiWtxtiy aa a fm gitl l
Uaai ly lUaiptag ll apt Htwf bi
Uwlt Uitai, at4 ! I aa li4 1
uawby ibu hHtMUiy ettibtntty, m
hipeuatr la flltUI extHle ei
bg diinfcauu auug the p
ale, abvaU Bui U giatu4 aa a tr
gift e4 Immii rl)l lt pi I tale will
at Mpit wb Ue whole "pte I4
a4 aiHtal4 wave a full aa4 tvatpUle
tqatvaUat M eveiy dollar Imm4 aa
atahtaet la Ibe ptvputlU4 tut
lloaal awl lUiHiey,
Tbe kautaa baa m M lg a
4f tba &MiiHtit4 laAamwa wf Ibe
aawiy ijwmi ibel ll baa tewi a at
ei eMMt4 natal ptrvaJiag all laiaolal
Bella a4 wait ewtfututleta, pbllt
b I'weU a4 if-l fiuni lb
gaael reiavl iltf4 lata vt4 the
nlcioci influence of Iti ellent working!
it baa been rcierved for tbe oloie of the
oinotoonth century to dlicoVer the uttor
impoaiibllity of theoonditlona wbiob it
lmpoici upon tbe debtor.
It ii impnwible, ai a final result, to
pay botb In teres t and principal in money
nndor tbe operation of our monetary
lyitem, for tbe intricaciei of innumer
able tramaotioni finally culminate in
an almost universal inability to pay,
and when tbii olimatlo condition ap
pear! it will be found so much of the
money borrowed haa boon paid back in
intereit installment tbat If tbe princi
pal ii to be paid at all it must be paid
in other thing, for theme of the money
did not brood money, but otbor tbinga.
Therefore, tbe demand to be paid In
money becoming more and more urgent,
equity for equity In these other tbinga
must be sacrificed, it being impossible
for the debtor to satisfy tbe contract in
accordance with ita terroi, which oall
for money, lie then givei up bia mer
chandise, bla cbuttcli, bli borne and
bia varied intorosti at a tromendoui sac
rifice and impoverishes himself forever
In bli effort to cancel bli 10 called
obligitioni.
I propose now to illustrate in a ape
ciflo and not a general mannor tbe
equitable issue and liquidation of na
tional paper money by presenting three
broad possibilities, which really cover
a vast domain in economic! and which
aeem ai Absolutely certain of fruition
through tbe operation of 'national paper
money as tlio mathematical proposition
that 6 time SO mako 100 1 indispu
table. In considering theso possibilities
please observe tbo parallel suggested by
the mathematical proposition itself, ai
It la of vital importance to your under
standing of tbo problem.
First, If it ii possible under any
system of taxation for a government or
other organized community to collect
from tbe people 6 per cent each year
for SO consecutive years to pay usury
upon money or credit borrowed for the
good of all and having thus paid all
tbat was borrowed in interest still owe
all that was borrowed in principal, thou
It is alio possible through an under
standing of nutlotinl paper money for
tbe same government to iseue ita own
money or credit and by tbe sumo ayitem
of taxation to withdraw and cancel 6
per cent of it each yeur for 20 consecu
tive years, at tbe end of which tjmo the
whole issue will be manifestly liquidat
ed. In tbo former case tbo people will
be forced to pay at least twioo for tbe
thing for which tbo credit is borrowed,
while In tbe latter case they pay but
onoe for the thing for which the credit
is issued.
Second. If it is poeiiblo for a publio
utility or commercial trust to net
through fares, tolls and obargoi 0 por
cent upon tbe actual colt of iti equip
ment each year for 20consocutive yean,
It is alio possible through the equitable
Issue, operation and liquidation of na
tional paper money for tbo people to
purobaie or parallel any publio ntility
or truit, and completely eliminate the
credit or money issued through the
aame system of fares, tolls and charges
at tbo same rate of 6 per cent per an
num In tbe same SO consecutive years.
The third possibility is 10 limple of
understanding and of inch great value
to the people, Individually and collect
ively, tbat if tbore were no otbor bene
fit to be derived from tbe establishment
of national paper money tbe possibility
of tbii one would justify its triul.
If it is possible for tbe masses popu
lating this country, which constitute a
bopolosi tenantry of enormous aud in
creasing proportions, to pay rentali
upon the actual cost of their abetter
plucoi equal to 6 por cent not per an
num for 20 couieoutlve yoars thut Is
praotically wbut they do pay and then
not own a plunk or a keyhole, it is
also possible, through tbe issue and
liquidation of natioual paper, for them
to build or purchase comfortable homes
and by paying tbe lame number of dol
lars, equal to 0 per cent net upon tbe
coat for 20 consecutive yean, to elimi
nate the money or credit isiuod and own
their homes free from further cost in
this respoct forever. The same princi
ple could be Justly appltod to tbe pay
ment of mortgages upon our present
homeland homestead fatms. tiucb a
system would guarantee to each family
the protection aud lndepeudeuce of a
borne, to thuvvvrla.llug honor and glory
of tbe natiou.
When flnauelal Intelligence baa ad
vanced luftii'ieutly among the pwple to
apply tbe simple calculation thai 9
times 20 make 100 to tbe equitable crea
tion ami liquidation of niouoy ur legal-
Uod credit, they will te how In tb
tuall space rf tO years after the now
plau Is la full operation the people of
Ibia country, or auy tlber ullgblantd
or suit supporting community, tuay be
free from dolts aud eouuoutlo diatroas
by abandoning itvp by tp tbe preeeul
iTtlom which call apoa tueu and
Ibair chlldrra and their children's cbll
dreit la pay again and agala for tbat
wblcb ibould aud a4 U pa 14 fr but
Mice, briuglug la tb mutiui tbmoga
lie aUar4 aal itapt4 dlargai4 for lb
law of equlvalaaU periodical etw4tllia
ai dutrtM dtMkMiu and dUttniettt.
la the Imu of aatUinal ppi ktay
Ike Uw of eoatviUuU clMUly prevail
for aw f 11 wuaM be Imim4 e-il la
uailUsraltoa f fall ivn lo 1 1 luUut I
)lvet4 a M lb gw4 f alt. N
auea coaUiiiva euatbee tli la lb
lrae (4 gH silt 1 1 t Uak aotea aa
dr a tie atiitMi lytteui.
la lb iitadtua ! aaibt ppr
anxHy Ue uw law4 talialla t
MtltM, II U dually dtawa tk
lnta lb ui trvwt wbWti It aauutal4
la Uia4 Uef iiuMti wkWsi Ne
tetMal aa hMity ai pMiUa lb !!
ei4tivf4 ty va ieiviit ia4iviaai
hi at Ikal whU b wa4 tot lb i4
4 all, M II katt M b kl algbl t4
lhal tbla euaipettiattal ptlali aa
t4 Iret ft. lb hVlk I lb Ia4l
14I, Ikea la valine remlOvaUoal
fttui MlvlJaal 14 In4IvI4I. aa4
laallf fNa lb Ia4ul4al aa l lb
aahlle wbea It wth la tV a4 lie
i4UMftUl4 . W, W, Viaf
at Qwaba Uits; iamU.
REPUBLICAN ROORBACKS,
They Come Tumbling From Com
mittees and tbe Press,
lUrtley Is Htlll the Jounml'i Model Treas
urer Hetter Tlmn Meserve. '
Aa tbe election draws nlgb, look out
for roorbacka. It baa been tbe practice
of the republican party ever aince it sold
out to Rothschilds and tbe devil to fill
tbe columns of its papera a few days be
fore tbe eloctioo, when they think it is
too late to disprove them, with a mass
of tbe moat scandaloua Ilea that can be
coneocted. There is no doubt but tbat
they are at work concocting them at
tliis very moment., and they will launch
them during tbe week before election,
Look out for them. However, they
are not saving up all their lies for that
occasion. They are putting them out
very generously even now. The Hue's
Lincoln hired liar shovels out a column
or so every day. One of bia most silly
ones was to tbe effect thut the republi
cans had employed a man to feign In
sanity and get an entrance to the Lin
ooln loMiine asylum, where be discovered
a most horrible state of affairs. Tbe
name of the man is not given, and he
does not appear to have furnished any
affidavits,
The Htat Journal Is still making des
perate effort to maintain Its old repu
tation ui tbe biggest liur In thestute.
Ita leudimr editoriul of October 10th is
proof of that fact, lu trying to account
for the reduction of the state debt under
Meserve of over 8700,000, it sa.vs:
"ilnrtley called la and paid off tii04,
279.15 within tbe space of thirty-eight
days, while Mewirrv culled and paid
only f.M,UilM in eighteen months."
Iu the eye of the Journal Hartley is
still the model treasurer, and fur out
ranks Meserve In its esteem. Dut what
are the facts? The amount of general
fund warrants paid, a shown by tbe
books, from November 210, 1800, to
January 8, 1807, was f 107.404.OU.
Wnrruuts ImhuixI during that time, f 1117
2H7.&7. University Indebtedness in
creased during that time 120,000,
The scheme of the Journal to deceive
the voters by telling them how much
Hartley paid off, without telling how
much be ran in debt, Is too plain a fraud
to fool even un idiotic gold bug. It is
to be hoped thut it will keep worklnir
that scheme until after tbo election. If
It does, every honest man left in the re-
lublicnn party will leave It In disgust.
Another one 01 tee lies which tbe re
publicans rely upon and which they
hluk Is a very valuable lie, Is tbe state
ment that Hartley turned over to Me
serve over fWJO.ooo of "available
funds." That lie Is made out of whole
cloth. There is not a word of truth In
It. They may succeed In fooling few
voters with it becuuse Meserve suid that
tb funds turned over to hi in amounted
0 that much. The "availuble funds'
turned over to him, with which he could
pay current ex (muses aud take up out
standing warrants amounted to I'll 3,-
O40.G0. Tbat wus all tbe money he had
to pay tbe running expenses of the
whole state, Including tbe legislature.
all the stub asylums, the Mini ten tin ry,
the salaries and everything else. The
remainder of the M00,000 belonged to
sucred trust funds aud could not be
oiiched to pay current expenses. It be
longed to tbe sinking fumi, tbe perma
nent school fund, temporary school
fund, tbe university, agricultural college,
normal school, hospital for the insuue,
state library, normal library and a
dozen or so other such funds.
After giving the old lie, about the in
creased payment of tuxes cuusod by
McKinley prosperity, a rest for some
en days, the Journal revamped it,
dresHed it up in a new suit und started
it out lor tba use of the weekly liars in
tlio following words:
"Nebraska bad been doubly cursed.
We bud had not only tbe Bryan and
YVIImoii panic, but we had drouths. We
bud u fusion of calamities. Hut now
with a fusion between 1'rovidence and
republicanism the buck taxes begun to
roll Into the state treusury."
Well tho back taxes did not begin to
roll Into tbe state treasury under tbe
McKinley prosperity. They rolled the
other wuy. Tho books lu the auditor's
olllce show tbat tho taxes paid in were
f rU,UU4.4U less In lSUU ami thun
they were la 1 NO 1 and 1M05. After all
that can be said on tbe other side, the
fact remains and it Is not denied that
the total amount of gwierul fund war
rants drawn to pay all exsusp in.
furred by the st thst were not paid
bvsixHMrtl luuus, November till, 1N04, to
September 1, lKM, was J.Uid.L'l 1.17
Soy. .'Hi, lflU, to Kept."
1,1 HIW.... lJMl.tlltl.ai
Making a saving .to tbe
a i pa vers In actual ex-
peiist puld by tbe state
of f 43l.50l.M0
T. II. Tiuhu..
CATAKllll la the brad la cuml by
Hood a Sai-MipAi-Ula which tnuHatr
front tb UKmhI tie avrotulou talata
that cua 1 1, sooiMng ami rebuilding
Hi tW;ioUe ana lUeraaetl tutu.
HOOtra riLl-H er the only pl!b
Uke with ItiMHt'c tUrarwrlli. I ur
l linrr uu.
MtklM At
I. V. lUtvnm Main, ahu broMebl
ut VYkartna lUrker a4 lrfllue Hi-
mHv vm tse nii.lesv tHubt Ik l. e
iri. M if Ark , 'ft '
Trie, feliM 4 lUtall i4 iilatt
tu t rfkr t4 K'Mlurkt fur tk4r n
irtlie i eUadisg p bir akat they 1st
h rigai.
ttkefbke,
Thesar-reMe a,t baa rvvte lb
WiMa ! tbe arvfoieif tl tuie la IV
Mei4 I iifs keatl.Uar i.U
lt wa the t-m.lal tK ae.kt the
"'! hwidietf, as I the ert ha
.r.t.tv.1 tha tf aitkm vl h lueUMi
h h Usleej,
a4 A Mil,
Th mHuUi aha am ataJr aa the
MI g.Hif tit l M-'e Mem'
miml KuwimtH. H,aim ee l 't
lHNre,ve errv. aultew Aawtte
ttkHMa lht the t ant eiul
't-t UUf le tkea 4 tapilei wn'j
mw4 1 tk ktiaao.
MWnriK tit (hie paper,
'p del,"
Keep pMt4
At One-Half the Original Price
There are all kinds of Gloves and Mittens forMen and Boys. Kid Gloves, Buck
Gloves, Horsehide and Leather Gloves, Lined and Unlined Gloves and Mitts.
Don't delay. Call soon and get best choice.
BIGGEST AND BEST STOCK SUITS I OVERCOATS
m
FOR MEN AND BOYS, AND VERY LOWEST PRICES.
(X
SHOES FOR LADIES, MEN, GIRLS, BOYS,
20 Per Cent Cheaper Than You Can Buy the Same Shoes for Anywhere. Try Us.
'''''-'
IVflAY
B
New
TOUR FORTUNE TOLD.
k .... ..... Ln.ry.a mm .uina 1Hitm ruthBt 6AM tiUt
I m oir wt Kit ct it mmcM tout rurutt cah wit o tccutmit $t mtmn.
V C?g naoti aatwii
J I la" laBaV fjaav m 9 vaw w imm mm ""e - 1
ZARAH iStm ASJnOlOSnU look Oox 4Q3.Plf4tpUP
JtaaBBk w awkk mm isisjuaiw m
TURKISH rCUAU TOMS.
A Heejii Ik Weaai aHai bbb
r wilts MN wMa4
tVMMt-st lVre ee Wvm
wtMiii iiliiiiaiiiii'leinl
fsnslrpj
h 4a Sm t Kmmm ease
.jinsns Lump
Rock Salt
For Stock.
M ISeate fee lrae IKtek
fa aas aaklWi l aall a Us)
fkataat, KtH Meia laibitaav
AND
MITT
A short while ago we bought the entire stock and plant
of the "Lincoln Glove Factory" at a fraction of its orfg
nal cost. We are going to sell Gloves and Mittens
cheaper than they have ever been sold. You can buy
them now
SI
4 - - 4 -
e
E GOOD TO YOUR HOME. BUY A
Lincoln Steel Range
and please your dear wife and family. Warranted tbi
most perfect cooking atov made. W us tb very beat
eold rolled patoat leveled steel, and line every Rang
with asbeatoa and steel, wbiob make it impossible U
set Br to your floor. Tbey arc handsome, attractive,
BD-to-dat la nntWu and design, lull nickel trimmed
r V. Ll. ..I Inol ill I... lila.
Will UUIII 11 J Biug w. IUTT,, tt ui aonv
time. Made on honor, sold on merit. Thii
Is wby w eall them tb "best oh eabtb."
If your dealer doea not handle them m
make a great mistake. Writ to 0 a 4
we will provide a way for yoa to buy on at
a reasnnabl price.
Buckstaff Bros. Mfg. Co.,
LINCOLN, NEB. MAKERS
Patronise horn industry roads in Nebras
ka. We refer you to But Officers, Banks
and Eipriwa Com pan i of Lincoln, and
thousanda using our Ititoge. Special at
tention given Hotel and Restaurant Outfit
A fttMARKABll aCIENTtnO AND
woNDcarut. eciCNCt. 1
"SOLAR LVOIOQY,"
i tio tou to iun wutaaoi Of OOLUal
ru.it
lua alOva.
Um l: l ift
tr
Hi, f Hk'fS
at4t. U itt4
k a ..
ttrtibiMj, 4 .
ilae sj VrH,
M 4 aeaeaeil. g
BmH 11a, a4 B)aat t r
Traaa Btsaia(r UlsraalKBial
.
t - a
NOTICE TO NON-RESIDENTS.
Stat Hank of Monte Vista, Colorado,
The George Trich Hardware Company,
Lee Clark Andresen Hardware Com
pany, E. S. Ettenneimer, Frank L.
Sheldon,, Job P. Klrby, Elizabeth P.
Mansfield, as executrix of the last will
and testament of Henry M. Mansfield,
deci'uiied Kli.a M. Mansfield, us exe
cutrix 0 the last wUI and testament
of Henry M. Mansfield, deceased, Na
thaniel S. Mansfield, as executor of
the lust will and testament of Henry
M. Munsflcld, deceased, 'Ihomas Bai
ley, A. li. Clark, C. 8. Lippincott,
Charles A. Hannu, Philadelphia Mort
gage ami Trust Company, Denver
Hardware Company, and the Unknown
Heirs of George 11. Skinner, deceased.
Defendants, will take notice tbat on
tbe 3d day of October, 1KU8, First Na
tional Dank of Cadiz, Ohio, Plaintiff
herein tiled his petition in tbe district
court of Lancaster county, Nebraska,
against tbe said iX-fendants and oth
ers, the obejet and prayer of which ia
to foreclose a certain mortgage exe
cuted by George 11. Skinner to C. S.
Linnincott. Charles A. Hnnna and A.
II. Clark, on Lot eleven (11), of block
live (S), of Knglesiile Addition to tba
City of Lincoln, Nebraska, according
.to the pint thereof on file and of rec
ord in tbe ofllee of the Register of
Deeds of tbe said county and 'tat, to
secure tbe iinyment of a promissory
note dated February 6, 1M. and dua
anil payable February 6, 10 with
Interna from date at the rate of I per
cent per annum as per coupona at
lacbtHi; thut there ia tine in eakt
not end mortgage tbe auui of ona
thousand dollar with interest from
February A, Isua, at the ret of per
rent per annum.
Plaintiff prays for a decree of fore-
rioeur ot tne aaui niongag na
thai the salt sum way be jm d, ir tbat
the sai.l prvitilee may W mm I to eat
In fy the amount fouiid due, Yoa ara
rfiulrevl to anaer slil wtltloo on or
twfor tbe ssib day of Noiuuer, ".
iHlle.l tVluWr IT, lsi,
riliir NATIONAL HANK Or CADIZ,
OlUH,
ly I la A Homey,
I ttKD MIlLl'ltKRIX
htitaa
Uttbeev tbfe wbo are la erfwar eknaM
reatit tltrwt laUe ltsraaf I'va,
Cit. MtMeti,tKa bkbu are aut a
tbwrteMl ta .lWt avunta, bat are
! ol at IU puriHM ul latrideeiMi
lh tar aai n urn. a eelMivttMa,
thtr aat are bUm4 ta sulhwl
ri!Ka at lb ria fate truss a)
li ! aa I .t rnMfl a.f u
lirt.st a., lu.
in iim a Mtur;
TV iy 4 ita a pr tr a !
aii) la umV Vt eaa et a
lg kMMtaa wiiat a Mat M 10.04 I
at wHa a aaw fi l4 N t
will aeU yva tbat I J vast
a rl a aay wf yr lea tar
w,l.iHa fi tt lit. IV a vU prm
fwt, a waraa U leara. Wtim
fv tntv!ra.
IMV l l'tt. (V.liiwU, '
i