THE NEBRASKA INDEPENDENT.
Dec. 22, 1898
2? Nebraska Jntopcnbent
, CtmiMdmlkm f
TUB WMALTH MAKMK3 tni LINCOLN
INDiFMNDMNT,
PUBLISHED EVERY THURSDAY
ft m
Indtpsqdtizt PublUhiijg do.
At UM M Street,
LINCOLN, - NEBRASKA.
v TILCPHONI 688.
mmmmmmmmmmmmmmmmmmmmmmmmmmmmm
$1.00 per Year in Advancb.
AUnm JI ImiIvm to, m4 U
Into, MMF f4r, tit., pbk t
rai uiDirKiiDKiiT roi, oo,
lno.Lt, ,
Tbs Federation of Labor sat down
vsry bard on thf socialists lust week at
Kansas City,
Did ths republican know tbat tbey
were lying when tbey used to tell us (bat
we bad I he best banking system under
the un7 Now tbey toll us It la bo good
at all and that wo must bare another
after tbe MeCleary pattern.
The Clt of IloNton, undwr tba leader
ship of George Fred Williams, went for
silver lost week. Tbl writer ba always
believed tbat the city where freedom
fought her first battle would come to
bar right senses som time.
Did the republican know tbat tbey
wart lying when they used to tell us that
w bad th best bunking system under
tbeiun? Now they tell us tbat it is no
good at all and that ws must bare an
other undur the MeCleary system.
One of the Lincoln ministers took the
adfloe of the Inoki'knobnt and mad a
chapter from the epistle of rtt. James
laatHunday. It made tbie editor feel
good to bear good found populist doc
trine coming from the pulpit once more.
If any of the pope goto voting for a
gold bug for United Htates senator In
the nit legislature on any pretext
whatever they might ae well prepare to
emigrate. Every one of tbem pledged
himself to rote for W. V. Allen first, luet
and all the time or be never could nave
been elected.
Not long ago when a republican
wanted to be particularly earcaetlo and
contemptuous, he drew himself upturned
np ble noee and ealrJ: ''You want cheap
money." Now, with Eckels In the lead,
tbey are all declaring tbat the McKiiiley
administration boe given ne the cheap
eet money In the whole world. A repub
lican wm never known to etlck to one
theory more than sixty days at a time.
Hoke Smith bae gone over completely
to the old New England idaso( political
economy. He now advises the aoutb to
exempt factories from taxation and ia in
favor of protective tariff. Hi scheme
amount to jut thie: Iluild up manu
factor Ice and then restrict the al of th
manufactuied good by rctrlctlve law
and high tariff. Germany bo been
trying that plan lately and it don't
eeem to work worth a cent
Dingier lain went to seed in the Linooln
city council laat woek. Home Lincoln
doctor who wanted "proteotlon"
against an Omaha, doctor, went to the
councillor help. They declared that
they m nut be protected agalnettbi "lor
elguer," and the way to do It wae to
"tax tb foreigner," Ho thi aa pleat
council without further ado, In about
Ave minute, passtd a Mil to tax tbie
foreigner from Omnba 123.00 a day,
The Linooln doctor went away da
lighted. Now they were protected end
taut and fortune mo ur la the near
future. Hut the "foreigner" kicked and
wouldn't pay. Further more, he ap
pealed to the court,
Aa English rourt ba recently drcidad
lbtth8t, I4ule lire wing Company,
th stock d which U holly owned la
England mutt pay the regular Hritleb
luooui tax. Ths supreme eourtolth
felted Mtatwa baa altogether different
vie we from that. It thmke that Income
tax on brr or any on le la uocon
etilattoaal, Aiu-ri beef drinker will
roi trl they have lb opportunity
ol eonlribalisg lath esppurt of the
UritWh army, aavy aad rojelti, Thaa
Judge have found vet ittjf lo' lti
lit lor U not" r enough, Tie beer
gle baitwat willb mda btlWlbkker
tad the drinker will pay Ike lal.
Italy Ikrww tlt eeaaiore were re
Jad by gold bug al I he laal sWelloa,
Thv were AlWaul Nebraaka, Turpi ol
Indiana, wad White of CftJitornta, I'iv
tlNMalM gtddhaga r laid on Ik
Ml, eauMtlfi (ltrwaa l liar land,
I'aalkae d Went Virginia, tirwj IM
aware, Kiallk ol Ni Jy a4 Marpky
id ,Xew wk-tke Ulte m ,'(r4.
ttak)wg, AWejl every twnwrttaj ea
K a aw fltt Kif the red wl Ike
oa law koa Wa ritrd t riitt lite,
V wkkk Wl a aJI give tfcaeke and take
eoarege. With a U ol totif
eneaiUpra la Ike kouea aud A gala i4 oiy
llreeaoaalurakow aafc bat lkeaild
kt ta brag about aajwaj
During the campaign the editor ol the
Indefkhdicnt wrote an article about the
bank tbat tbat creatd quite a a fracae
amono- tbat irentry The article waa de-
noonoed In tbe moet vigoroua term and
a hireling: reporter, who le a diegraoe to
tha tmaranaoar Drofeoeloo wrote aa vile
an article aa big foul imagination could
in.,,. It iuma however thart Beore
tarv Clone ba been reading thalNOK
pendent. There I a paeeage in ble re.
port worded ao nearly Ilka tbe article
that aet tbe banker to fuming and tbe
reporter; to lying tbat It would at leant
utueet eucb an Idea. Woree than that
Th NftwiYork financier, wblcn u tne
banker Hlble. quotoa tbe paeeage and
endoreea tbe statement made in tbe In
DKPKVDKNT
Oii,page 1801 of tbe edition ofDe-
aumWVith of that mnKfliine win oe
found the following word:
"In tbl admirable analyvi of banking
oract loel under prennt condition, th
secretary' remurk are not lee irmtruo-
tlv W have no doubt that many peo
Die who reid tbe aecretarle report will
be aurprleed to loaro that 'caab' and 'de
ooelte' aa commonly ueed banking term
are widely" different In cbamcter; trie
New York bank, for Inetonco. wittj
only 1214,000,000 caab.ar carrying
nearly : $800,000,000 of depoelte. In
theeecretary'a word, upon tbl money
-Itoolf ajcredlt obligation-other credit
obligation, In the form of bank depoe
lte through bank loan, may be built np
n the proportion of four to one. With
tbe volume of paper money tbu fixed
with no natural movement toward re
tirement when not needed In legitimate
trade tbe reudancy to build tbe four
itory atructur upon It a a permanent
baee le Irrefutable. The withdrawal of
tbbaby thoe who really own It,
cau',th etructure, to ylbrate and
threaten It fall. Tbat turn up tbe en
tire yetem a we know it today."
If tbe bonkore could only be pereuadod
to stop wltb four dollar of wind to one
of money there might be eome aalety In
theolan. but at the time the editor of
the Inoki'Icnuknt called attention to tba
bank of Nebraska, tbey were running
on nine dollare of wind to one of money,
That I what made them mad. If tbey
bad not received eome of tbat f 800,
000,000 In tbe United State treoeury
tbey would all of tbem eoon gone up tbe
flume together.
Meantime tbe public ehould not forget
that ditpoelt are not caab four-filth
oflhmlu thabwet ot time are pure
wind, In looking over a bank report, if
you want to And out bow much caeb
they have, don't look at tbe depoeit.
When tbey talk about tbefr big reexrvee,
remember that theee aame reeervea
are alo wind to a very large extent. We
repeat: There I a very great difference
between tbe caeb on band and tbe "legal
rwterve," It I about time that aome of
thoae thing were taught in tbe common
achooU. I'iret of all though we would
have to educate the teacher. How
many of tbem know anything at all
about bank, coeh reaerve. legal re
eerve and such like thing? If they
know enough to draw a check or get one
caehed tbey do pretty well ia theee daye
of economic Iguoraoce.
IT' NKAKL.Y II Kit K.
During the laxt ten year many dovoI
lt have beeu describing In tbe tale
tbey bav written the condltioua that
would exlet when finally tbe onivereal
trutehould be organized. It appeara
tbat that eventful day ia near at hand:
If the great eteul truat, which baa lately
been capitalized at $200,000,000, fuU
fill the poHMibilitic of It charter, tbat
on monopoly aloua will wi private In
dimtry and ownenhlp from th face of
the earth. According to the Hanking
Law Journal of September, 1808, the
article of Incorporation oltbi trut,
which wa omaulied "under the guid
ance and direction of Mr. J. rierKnt
Morgan." wboae banking hnuee ia to
"flu mi ( th ne w company," "etate that
theobjecle ot the company are to en
gage la mining, iiiMuufiteturiugi th
traneportatiou of merchaudi and pa
eager on land and water; building vee
le, luit, railroad, engine, ear,
wbarve and dock; ofieratlug and main
taining railroad (outel.l ol New Jerey)
teamehlp line and other line of Iran
Hirtatuai th tmylng, improving and
filing ol laud; th manufacture, pur
rhaa, atH)iiriug, holding, owning, mort
gaging, eeiliag, trauab-rrlng, or other
W dipaing of, Inveatihg, trading or
doling la or w ilk good, ware, utr
ihaadiM and prorly ol every daerlp
lioa, the auirieg and undertaking ol
alt or any of Ik buaineaa aaale and
liabilltie id auy trtia, flrni, aaatiriaj
llun, df eoriHiratiua, and tk makiug
and Hlurwieg ol etnlravteol every
kind, th kviMieg, urrbig, nturtgag
lag, Woaiag and mate; lag ulrvalaad
Hiaal pnrly la ay etai or terrl
tey ia Ik i'uiied Itialeo, ad ta aay
hiiga etiaatry piae, a4 ia ewrrj Ug
ihi any otW buaiaa la maaeeiloa
kefttk,M la Im kre W a traat wkWk
dlibetaliy tOHia, by ekeef Maote
atujkl, lo Hitriie Ik whole ladrf
id Ik aaitua la agWi greal eeoaaatie
Wwttat, Ikal detiWraleiy lla la re
duce labor ta aumplele rtilv a
ywthi. tkat already praeiaWly
lb aiMkiaety eJ gotawat aa liiee.
ally a fog owa ika tal aa your bk,
la regard la IgktlM ik grral !
Vermel r and Mdig or kvo,
war wIvm and war ehildrva, I'rwkaMKtf
lUrro adr 4mt aad aoye:
if we rVlurwtert raa lad ta baaigtd
agreement ae to what le to D uooe,
ahlln th indnatrv and the moral well
halnir of the entire nation are tuaaacrd
bv a lingle truat, then Nero Addling
whlla Kom bnrned I a Daraeoa of Inno
cence in compariaon with ouraelvea. If
w can do nothing to save tbe people
nnlee we can aave tbem wltbin the
terme of our own particular program,
op nntil aome dav of dreadful Judgment
force u together, then tbe fury of tbat
r ckonlng may tear all our program to
eh red and tbe people be aaved by Ore
and by aufferlng unapeakable, beoauee
the leader were too blinded by eel t-will
to ee tbe day of their opportunity
"THKgUM VOMOVB."
Once upon a time uongreet
punned a bill reducing the rat of Inter
eetoaid on United States bond. It
wa sent to I'reeident Hays for his slg
nature and be sent It back with bl veto.
Tbe reueoo tbat be gave for ble vetoing
It was tbat If tbe intereet on bonds was
reduced, tbe banks would withdrawal!
tbeir bonds and so contract tbelr circu
lation that there would be a dreadful
pan io. That was a time when if there
bad been any true Amor loan manhood
In oongrees it would bava said to tbe
bankere: "Ail right. Uo ahead and
contract tbe currency jut as much as
you pleuee. In the place of every dollar
of national or bank currency tbat you
retire, ws will ieeue a greenback." Hut
tba corporations owned congrees then
jut a they own It now. The Interest
on bond was not reduoed although tbe
bond could have all been refunded at
two per cent lees than tbe rate tbey
were bearing. Klnce tbat day there-
publicans bave changed their tone,
They now say that titers Is nothing In
the quantity theory of money. They de
clare that contraction and expauelon
bos nothing to do with prices. Keep ft
op Jaeper. Tbe sun do move. Stick to
It. Tbe men who vote your ticket are
mainly so prejudiced and are so con
foundedly stupid tbat tbey would rend-
lly believe that tbe moon was made of
green cheem if the leader only said so.
IT MUST STOP.
Tbe Chicago Kecord baa come to the
conclusion tbattbls favorable balance
ol trade can't go on forever, for if we
continue to rend abroad no many mil
lions more of goods than we buy, the
time will come when we will bave all th
money of the world, and thoae "Mar ted
foreigners" will bave no gold to buy
with. Then it says that international
trade Is barter, because the foreigner
muet bave sometblug to exchange for
our goods beside money. If we quit
buying of them, they mut ofneceMity
quit buying of us. The Kecord I recom
mended to take any standard work on
political economy and look tbe matter
np. It will find the whole subject ex
plained In any one of them.
In the eenee tbat tbe Record ump tbe
term, all exchange of good I barter.
If a farmer bring a load of wheat to
market when tbe money I banded over
to him, In the economic tense, be ba
not been paid for the wheat, lie has
something given bim In exchange for hi
wheat tbat be can make no nee of what
ever, lie cannot oat It, wear it, warm
himnelf with it or clothe himself with it.
Not until he "exchanges that money for
food, clothing, shelter oreomething that
be dneire, is be paid for that wheat
The economlNts call tbe banding over
the money to tbe farmer only half of a
tranaactioo. The tranaction Is com
pleted when be exchangee the money for
the good tbat be wants. Money in
theee tranaction t ouly "a medium of
exchange." But money ha another
function far more important in modern
civilisation than that. It I the only
thing that will legally discharge a debt.
When time contract ar considered, it
will be aeon tbat tbat le by far th moet
mportant function .of money, That I
th thing tbat I never connidvred by tbe
gold bug orator.
HUH II A II rtlK MOKION.
Morton says tbat "every man abould
pay some tax far the trwuiaudou and
vital service that th state rudr him.
I should pnyra bead lax it n no no
property to pay upon. And any man
who doe not pay hum tax should be
declared not a stock holder In the corpor
ation called government." Th wildeat-
eyed xip will agrew lo all that. Th
lueatiou U: "Who pay the taxes? Tba
maa w bMM IniHtut t Interval oa gov.
rumen! bond pay none, II I ex
empt by U. Tk tramp bubnatmt
flv cent and wltb II buy a loaf of
read, pay In Ik "price" ot that loaf
th proportion ul all lb lr aaad
again! Ik mill tbat grouud lb wheal.
tba rallrtiad thai lrBiort U, the
merv best thai ld II. th baker lkt
baked It-all ol tl enter tela Ike prlee ol
thai loel, Ta tramp late and
lb buadbiildr due aotiwi ua wbat
k eoatua, Murloa aiaal want U du
Iraachta lb buadkuldara. lUrrwk lor
J, Httrltsg M to.
AttiMt nm uf rirta.
TNsnath hi'srMsr i lly
Ik able! fa'pwitat paper blla4 la
Ik whiiia gwtikevel. Its littiriai
woild g tk Mduata al ay e
eol la Ik U4. Ila Ire IraiM ewal,
iia aad wuUka la II view aad It
argwet oa ! tlkm ar fall ol
gMt and Kig-eal rtalHg. It
wboW aim la ia aiia all Ik for oh
h vital Immh aad tt aua aHa'
rmtoa Ike tki Mlk pro I, 1 1
koald be read ay evwy vwtef regard
! ol wr ty,-t rU Wwtwral.
BTBICET CAB rBANCBISKS
Chicago Is very much wrought op over
Yerkes' attempt to get a fifty year fran
chise on tba streets of that city. All
parties and all classes of oititns are
protecting with all tbeir might, but
there is a boodle council which Is on
Yerkes' side. Nothing will stop tbem
except a fear tbat some of tbem may
swing from a lamp post. The proposl
tion advocated by tba cltlcen are al-
most as unjust aa the thing tbat Yerkes
demands. Tbey propose to give
twenty year franchise, and In return
make tbe street car companies pay over
to tbe city ten or fifteen per cent of tbe
gross receipts. Nothing could be much
mora unjust man tuat. wnowiii pay
tbe fares on Chicago's street car's during
the next twenty years? Most of It will
be paid by tbe working people, Tbe
very rich will pay none. Tbey ride in
tbelr own carriages. Tbe result ol any
such an arrangement would be to put
tbat much more taxation on the poor
and relieve th rich. Where Is th man
who can give a valid reason why tbe
people of Chicago who rid on tbe street
oars should be forced to pay, besides
just compensation to the companies
owning them, several millions more to
go into tbe city treasury? There can
be nothing more Iniquitous than that,
Thousands of girls who work In depart
meat stores pay from thirty to forty
dollars a year for car fare, ia soma cases
amounting to a third of tbeir salaries,
As it Is now, It all goes to Yerkes, Un
dcr the system proposed It would go to
tbe relief of tbe taxpayers. In both
camts the ' poor girl Is ground to the
earth and gets no relief. The only just
way to settle tbe business Is to lower
the fares. Let the city own tbe Hues and
run tbem at cost,
DKOHKDAI ION'S DKI'TII.
It appear tbat th depths of depra v
ity that the republican party reached
in this state Is not yet fully known. In
the die trie t court of Omaha the other
day, Mr. Cornell, who Is defending a
member of tbe city council charged with
embezzlement, made the following state
ment:
"Not 110.000. but 1100.000. and ner.
hap double that amount, ba been ued
recently to corrupt the Nebraska legisla
ture, and we propose now to submit
proof of that fact, together with the
names of those who were bought wltb
the fund of corporations. Moreover, we
will prove that the 1'aclHc Kxpre com
pany wo organized as an annex by cer
tain corporations for the purpose of
making it a clearing bouee 'for this sort
ol uuMincMS. '
i in statement does not come from a
wild eyed and woolly pop. Mr. Conuell
Is a republican and an ex-member of con
gress, it goes to prove tbat tbe general
corruption of th republican party Is
even greater than the pops ever eafd it
was. It shows why nominations at the
hands of republicans wore so eagerly
sought, and why It was that men were
willing to go Into a canvass and spend
ten times the amount of the salary they
would recieveus a legislator. Itwus
ouly after years of hard work and very
great sacrifices on the part of a few pa
triotic men that this gang of scoundrels
were driven from the state house. Then
alter the barculean tank was performed,
almost enough men for whose sake tbie
work bad been done, stayed In tbe corn
field in preference to voting, to give the
state back Into the band of the scoun
drels who had robbed tbem for thirty
year, nucu action is beyond analysis.
There bus uo theory yet been advanced
that will account for it, u nines it is the
theory that the voter of this Mate pre
fer public thieving to houewty In govern
ment. LIE roil A 1.1 VI NO.
At lat old flutter in ba com to th
concluaiou that "cowardice" never pay
In politic. It give no reaon why It
bos changed hi opinion, but nimply an
nounoua th fact. If It stick to It, which
i very doubtful there will be a greot
chang in the mod of conducting cam.
pnlgus la this slat. Among tbe leader
of th republican party ia th who) of
Nebrnvka, ther hav lawn only two
men wbo ha v ever had ItiMcourag to
meet I heir opponent 'in debat llrowa
In the Hixth diatrict and lloewatr,
Tbey bav twea o nekih and row
ardly tbat when rhalteugml to debat la
a tat ia which they wr ia lb minor
ity, tbey bav alwity mad lb cow.
ardly reply; 'V don't want lo furelab
audience for our opponent," Kvery
populUt ba Imwq going round lor th
laat lu r wit a (hip on kl annul
dee daring any republican tti knock It
oft. Up la th prvaal tint therw ba
not ber found a rvpablWwa ia th wkol
stat who ba k4 th tuuraiilata
ntt.mpl la knork It off. Ill la ba
kupad tkal tkey will abandon their
brokea rad id eowa.rd aad kr
ltr Ht oaiaad Mgkteot sk
aroad ta tk rear and It for a living. "
TO INI ttftMMf,
Wkeaevef republieaa ad-rtVelo
wak aa aegHMt k a) w il
e aa aaiptita. II "wmW
lkig la b Ira aad ta m iWai4 by
nay oa Ua guaa tadra bUeoa
tlitaioaa. IkM laipalaliaia V.WiM
Ik rpalWoa arilef aad Nkaea rl
MaaM tkal mflw lb "divla
lrHM" ad tr Mmaaibt Wtiy,"
Tbey did ant 111 a law tkey kw that ,
II wa lb divta prpu ar abei ar
prmd ikat tl w oar ift iMttay,
Tbey ot aeaMl tl. Now (key ar
proclaiming another aaaumption. Tbey
say it is our "duty." Populists believe
tbat onr first duty is to our own suffer
ing millions, and tbat tbe saying is true
"If any provide not for bis own, and es
pecially for those of bis own bouse, be
bath denied thefaltb, and is worse than
an infidel." There is enough oppreesion
and wrong in these United States, tbe
righting of which will employ all tbe
hours tbat can be devoted to tbat duty
for many years to come. To tbe islands
of tba Orient, alter tbey bave been re
leased from the tyranny of Spain, we
will send tbe command of Paul to the
Philippine: "Workout your own sal
vatlon with fear and trembling."
Mor mo KNouuii.
Increase In tbe balance of trade stil
continues, but gold still refuses to flow
this way In any considerable quantities.
There Is on reason for this tbat has
not so far been mentioned, and which
will account for a very large amount of
gold. Waare supporting a large part
of tba poor of Europe. Every family
over there that can send a member to
America doe so. The one wbo come
sends all hi wages above a bare subsist
eoce buck to support the flock at borne
in tbe old couutry, Heretofore no a
count has been kept of these very many
millions, Tbe only reference to them
ever seen la about Christmas time, when
tbey usually assume I m mouse propor
elons, jlut the money goes all the
year round In lesser quantities, much of
It through postal orders but much more
through the banks. W have sold
Europe 1000,000,000 more goods than
we bava bought, but only f 100,000,000
of gold bos coma to us. About 1200,
000,000 goes for Interest, f 1 00,000,000
or so to pay tbe expense of the globe
trotters, another large amount to pay
freight carried lu foreign ablpa, and per
naps a still larger amount to support
ths poor of the old countries. Ths
genius, pluck and industry of tba United
States Is tbe thing tbat mainly supports
tbe whole world. Yet w are not big
enough to bave a money system of our
own. At least that Is what Mark Had
uasuys.
TKAlTOttg AM! T It K A SON I
John E, Mowers, wbo claims to be a
populist writes from Hastings, Neb. to
tbe Misaouri World as follows:
Editor World; Our election I over.and
a trie smoxe nns cleared away we find
tbat the stay at home plan has done
some good work in Nebraska and es
pecially In Adams county, for the fusion
ticket did not elect one man in the countv
and we find that Senator Allen is de
feated for re-election and I bava every
reoMon to oe manxiui that there was
enough of true populists in Nebraska to
give mis arcn traitor bl J net dues.
Our treacherous leaders are all shat
tered tO pll (MIS.
As far as th Iadri'Rnpknt can learn
there are about fifty men In Nebraska
who bava sometimes voted tbe populist
ticket, but are now engaged In such talk
as the above. With them everybody is
a traitor or a bribe taker or is engaged
in a plan to destroy tbe populist party
who has an Idea of what is best for the
party that differs from them. The
World is welcome to all the aid and com
fort it can get from theee people and all
the pleasure it can derive from aeno-
elating with tbem. Men who talk that
way are not usually allowed to asao-
elate with decent people.
MTANDUT TIIKOVN.
The Omaha Ilea declare that there
i been 1201.000,000 of new money
put In circulation in the United State
during tbe laat year and It doe not In
clude the coinage of the seignorage which
was ordered by the laat congress. It is
probable tbat the flee is about right. It
is absolutely Impoeaible that the
amount of buslueas that ha been done
could have baen trnimacted without an
intreose in the volume of mouey. Colo
rado with Its Immenas output of gold
has been In part the salvation of ths bus-
lne Intereet. fhaatal of affair In
th l ulled Seate U th moat coniplet
demonstration of th correct no of th
thiHiric advocated by bimetatliat that
could be couceiv d. Import of money
from our great balance ot trade, th
roluiug ol money from lb output of th
mine and th rolling of th aelgnorag
ba, all taken togalher, produced ut
what binialallietaaald would mull from
aa Incraaa of lb volum ol money la
ireulation, Th reul of It U Ibat gold
standard Wader begin I" gl a warn
ing rry, "Tber w going lu Iw too
much golit." "it U a much mor rlnu
queatioa tbaa ever Ike frw toiaageol
alrr . Thai Ulkrry id lUadrlg
and other Wader. It i a a acknowledged
Uctthat biatllial war rigkt, and
Ikat kqatiiy lkory id money la
Ira, Htaad bv lb gns.
Mr. K. W, W,lt, editor ol lb Krp,v
iHMuty llrJ4 t a good i-ia il
lb repblya editor)! Iratavatty la
N !! a, la bU lal Waa la kia leo
Wading arlM I lraU ul W, J, Itryaa
ad lb editor ! Ik World lUraM. IM
Mr, llrjraa a say 'b at a disgrace la
hitarty, kia tt and kW ewaslry,
aad Ikat paper anWeaiuMagty arssd
kiwi at oiy a irikM, bat a Ukir "
Tk editor ol Ika World HaraM k ,,
"ta a rank a rbi a wa
mk" That la tk kmd ol tttr
Ikal rpbltaa reader bav dihd p
lu Ikaas la their raasUl weaklwa, I tt
aat wnadar tkat they da't know ay.
Ibisg? lKa'l abw tk.m, IVyarala
W t!l
ltVDIRBOITTAXEa.
The modern plan of robbing the peo
ple without tbeir knowledge by Indirect
taxation waa Invented by Wllliom Pitt.
He explained tbe whole matter in a
speech one day, and tbe English govern
ment proceeded to act upon tbe plan
without further delay. It worked flirst
rate for a time, but tba stupid yoemanry
get onto It after a while and It bad to
b abandoned to a large extent and an
income tax substituted In its place. The
republicans bave such a blind and stupid
following In this country tbat tbe sys
tem still obtains In tbe United States.
A few days ago Mark Ilanna waa com
mending such a system. Pitt explained
the beauties of Indirect taxation to the
Dritlsb parliament in tbe following
words:
To levy a direct tax of seven per cent
Is a dangerous experiment in a free
country, and may Incite revolt; but
there Is a method by which you can tax
the last rag from the back, and the laet
bite from tbe mouth without a murmur
against blgb taxes, and that is to tax a
great many articles of dally use and ne
cessity so Indirectly that the people will
pay tbem and not know It. Their grum
bling then will be of the hard times, but
they will not know that the bard times
are caused by taxation.
"UK IT KMACTJCU"AOAlir.
How "be It enacted" put before cer-
tain words by tbe law-making authority
can create wealth to tbe amount of mil
lions Is Illustrated by some of the Nsw
York National banks. Last week tbe
market price of national bank stock In
that qty ranged from 01.000 per share
of the stock with a face value of value of
f 100, to 14,000. The Garfield National
was quoted t,tf 1,050; the National CJtv:
11,100; the Fifth Avenue, 2,500: the
Chemical, 14,000. Knock out the "Be
It enacted" In the law that gave tbem
tbelr charters and where would that
stock go to? The truth is J, Sterling
Morton, to the contrary notwithstand
ing, nearly all the greut fortunes ef this
country were created or made possible
by theee three words "be It enacted."
1 be Chemical bank pays a dividend of
78 per cent monthly, tbe First National
pays 100 per cont quarterly and the rest
of tbem folio w along wl th somewhat less.
That "be it enacted" has proved to them
a greater wealth producer than tbe best
gold mine ever discovered. It Is about
time tbat ibe rest of us bad a "be it en
acted" proclaimed for our benefit.
Ignatius Donnelly, than whom there
never was a more able, bonsai and n.
trlotio worker for the common people.
bae bad some rough road to travel since
be consented to tail up Wharton Barker
aad run a middle-of-the-road nnrrv In
Minneapolis, In the laet insue of bla
paper after calling attention to tbe fact
tbat there is an "irrfstable conflict" be
tween th eastern plutocratic democracy
and tbat of tbe west he says: "Keep
our camp fires burning and our bwnners
on tbe outer wall, There may be co-op
eration, but if there Is, It will be under
one flag and one name, 'Stand still and
the salvation of tbe Lord' "Don
nelly bII right. He ha Htells, but be
is all right most of the time, and when
be Is right, be is moet tremenduously
and energetically right.
Whenever tbe bankers want a bill
passed by congress, tbey get the cham
bers of commerce to hold a meeting and
pass some resolutions. Tbe bankers
know tbat every member of these bodiee
runs "a llneoljcredit" with some of thee
bank without which be oaunot do bui
nc and I Mir force, obliged to vote for
any et of resolution tbat tbe baukers
want.' Tbey tried that game on Na
poleon onee and sent to him through
one of his miniatere aetringof resolu
tion about the grain trade, the adop
tion of which tbey thought would be of
benefit to the banker. Napoleon re
plied: "The chamber of eommerc know
nothing at all and only charters theories,
leg tbat you will not expose me to tbe
annoyance of receiving such memoirs,"
Napoleon nued them up about right.
HANK KKM.NA.VrH.
Hie renin rl 4 chang which has
come or the Unking buslura in Ex
eter in men! jeara I illustrated by
tbe public tiou, lost week, of thw flu-
m-'isi statement ot the only Inatltu.
lion that I supiHMHrtl to soirlv rrnra.
.nil thai boailiraa lu thi timn- aort
r vioMtng wui miinaut to. I of bank,
hi July 1, ISUO, th two, bank thn
loing bitaine.a in Kxeter thowml tin..
mm! footings amounting to t.toN.tia..
33, while th statement poblUhwd laal
weea snoweti looting amounting to
TM71.Ti a kM ot TJ ir mil In
ight jrara.- Kxrtrr KutrrprWa,
FACTS ABOUT HEALTH
ll is Ca ta Km Wt if W Kw
H-So at t Ciit Ni.
art la Prt Mi.
Ta important' ol wtalnutaiai !
Mlta W Hy aw4tttMl, 4 M I
ruy a iii ite tl w uk
rrt vlw el lb mm4II)om rtlrl.
la pitl tMNilia in lvwaa pruwiljr
gtgaal Kh, Tm Hm4 U ewiuyat i
air aHiitaiuai la tk etu,
koattt h4 ihi WhkW 4 l.
Ta ' l'l eMaktai M fw4 Slta,
taaratvte, I p m hkM. K ta4l
eta baa h rwu4 t ra Hm4
aeMtaifiiia sad it Is Ww it I le
lr eiMMj aiin. Ila4ru swupi
ar alive sad wttteUy ww wl4 bi
W la I kali gun a4 lky a4 Ukaa
tlowd Saraapaiim. It I ga44
a lawtily tiem lr lHaa
set ika frOM iH laAe
SraMrUi,