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About The Nebraska independent. (Lincoln, Nebraska) 1896-1902 | View Entire Issue (Jan. 26, 1899)
ill Wealth Makers and Lincoln Independent Consolidated. VOL. X. LINCOLN, NEBRASKA, THURSDAY, JANUARY 26, 1899. NO. 37. TIE AMERICAN TKUSTS Tne Coniumer Charged the Highest Price the Laborer Paid the Lowest. POSSESSION OF THE LAND An Ioiatlate Stomach Devouring al Wealth Is Located la the Cast. Tai 1 rusls, lfnzen S. I'lngrce, ex-mayor of I)e troit, upon taking: oillee as governor of Michigan for a second term this month sttckcd tJie trusts ; in characteristic- ally vigorous fashion. Ill utterances have attracted more than ordinary at- tonhlon because they come from a re publican party roan who has becu re peatedly auccessful at the polls despite the position of party leaders In his city and state, and beeuuso he criti cises the attitude of the republican na tional administration toward the trusts, Governor 1'Ingree reviews at length the crttLuljJittr tendencies In Amerl can Industries, especially la Hi one brandies relating to transportation and communleation. Toleratiou might be more complacent, lie thinks, if the (tame process hud not Invaded other branched than these "with the power ui a tfiucier ana trie rapidity or a tor rent," One can scarcely make a our viiiinc in vnjji:u uie price is noi oie lut ed by a combination over which the merchant you dcol with bun no con- trol." Newspapers combining to clieopen the cost of collecting the news, because a truHt called the Asso ciated l'ress, which, under the control of a few men, In able to distort truth I and poison the fountain of popular In formation. . The argument nut forth to defend the system, a the result of an inevit able tendency of geucrul condition over which there is no human power 01 control, jr, nngree call "pre- M-iiM. ami "nouow snams. V ' "While the trust have neither souls nor hearts, they are ruled by men, not angels; men, too, who, In their greed . toward the consumer, and their heart- jessefise toward the laborer, are freed altogether from the personal responsi bility which, In spite of himself, con trols and modifies the selfishness of the individual manufacturer and em ployer. , "While the process of concentration has worked itself out to completion, the law which governs both prices and wages will assert itself with irresist able force. The consumer will be charged the highest price that can be squeezed out him; the laborer will be paid the lowest wages upon which he cun keep life enough in his body to jierfoim his dully tasks This result 1ms not yet been quite accomplished. but it is as sure as that night follows itiy, n certain n the law of human selfishness, i "Having accumulated nil othe r agen cies for the production of wealth, the js)ssessioii of the land niny be easily secured," Mr. I'Ingree maintains that the ques. tlon is not alone one of cost of pro duction: "The question of distribution of profits is of vastly more importance, Vhen a thousand men make ten mil lion of dollars, the money Is scattered and the wants of a thousand families t are to he gratified, nnd others are mak ing a profit In caterloir to their wants: but when one man accumulate this amount, there la but one f.iuiiiy whime wants are to be supplies, but one fam- Jly to hok to for the consumpiion of j iuior, ami the other 9U9 Income labor- ' er themselves." Another vice of this svslcnt is said to lie In the tlnnirer of a "new section attain more ilse-trentM that whlcn led o ill war of the rebellion." "The Insatiate stomach which I de vourimr all wealth Is klrd In the east. 'Hint all the greatest heads of syndicates, no matter where they orig. lusted, (emiter tr Utter tnitk their lio.ves. To thai plnt is drawn sit the 1rntitif them enormous tsoireiiirsted nduslriee, liittn by bill the I inaliie.tr f the rwiiitry U drained of its wrHh With no tr of retotering It. lin a true mter has aemw. lt l hi milium he kfl Kr the tl -lln-llnn ( m.-u'liiiMa I id., 1 buil t a !! la New tiW, att, . altOjr stiuiher la Uhiitrtnt, In the frwer i s.in ithr renter tu Hie rt sll the i.IH f lti Itflvittiit t the B4iu.n r 1 url tw a etiUwiMl u.t rrt..li; itr4Mt, iu tin t U IHrure di!tl t .'mi im! if4i,( the ! if S ixiiitlrr ttarflv wH 1,1 im f.r r itxi.ini fttt-t k l, i In iiHeittil ItU.r, U '' a tfllvH i f tin , i. dmI let V biiig tiH f iWt, wHvh lh et wi t Htl ts wrt a f'Mt tl whui tilu rHh t (Kit iialuis, hn ! i'Ul-ul, M .t ,'4t'-ty M4r M ut then tl t gixis l a bfmri it K 'h,'Mh if ttif H to ftl'iaU swvlhr tt sf. tiurHr I'lttjft k si sti t(ul arf4MM.nl nf IKa iMlr It.e tatttt -i!ii U a f.t!'i! l kata a'a)s W a tt ivi'MW I '. I mm rj...:iMa, ul, li.ii, I xf' r t ti tht tt r-ttb'i. ism of Abraham Iincoln Is suerior to that of more modern type. "The party of Lincoln was not or ganized merely to enfranchise the black race, but to preserve the liber ties, the dignity of manhood of every citizen of whatsoever race or color. ''Aside from the principles on which it conducted the war for the preserva tion of the union, the policy to which it has been most devoted was that of the protective tariff. This policy lias always been defended, not merely as affording living prices for American products in the domestic market, but pbove and beyond all ns securing pro tection to American labor and Ameri can manufacture, and adding to the dignity and independence of the Amer ican artisan and farmer, "We sought to keep out of our mar ket the cheap products of foreign la lsr, which was so jmorJy paid, lest our own labor should in time, by be ing compelled to compete witli such labor be degraded to its level. We have by this mcuns built up a manu facturing interest greater than that of any other nation on earth. We passed to the first rank in this respect during the years qust passed, during which (Ileal lirituin, our only rival, was pushed to the second place, "We ore now confronted by these in- (Ooowuued 011 Jg 6.) THE SENATE IN 1901 TlisOft Itepewlad faUclionil tliwt II will Certainly bs Oolil Standard, , Hi-fiit'd. The gold standard papers continue to assert that the scuute is safe for irold until 11)03, There is not a word of truth in this statement, as these men well know, One-third of the sen ate is elected every two yeurs, and they have no more assurance of elect ing one-third of thut body at the next congressional election than they have of electing a majority of congress, which lutter they themselves look up on as extremely doubtful. That is the reason why they Insist tluit they are sure to have the senate, benator uones, chairman of the national committee of the democratic party, makes the following annlysis of the situation: "Upon the passage of what is known as the Teller resolution, of January 88, 1N08, there was a majority of fifteen votes In the senate in its fuvor. This may reasonably be accepted as a test vote on tne silver question. A gold man has since been elected from Ore gon to fill a vacancy, which reduces onr majority now " to fourteen. Of those who voted in favor of that prop osition at that time, seven senators will probably be succeeded March 4, next, by senators opjwscd to the un limited coinage of silver namely, Ben tors Allen (Neb.), Mitchell (Wis.), Murphy (N. Y.), Koach (N. D.-, Smith (N. J. ) Turple (Ind.), and White (CaU. This will leave the two sides equal, and the deciding vote will be in the bands of the vice president. This condition of things hardly warrants the triumphant cluim of the gold men that they have captured the senate and will hold it for years to come. POllECASTS FOH 1001. "This year an unusuul proportion of Iximetullists who come from the close states have had their terms to expire. In 1000, however, all this will be evened up by a larger portion of gold men retiring who come from ivfeisie states. What Is likely to be the condition of the senate In 1001 cun be eusily wen. "The terms or thirty senators expire at that time. Of these thirty eleven who are now friendly to sliver may safely be counted as absolutely cer tain "to lie succeeded by sliver men. These seiiuUn-a come from the follow ing states: Alabama, Arkansas, Colo rado, (ieorgia, Idaho, Mississippi, North Carolina, South Carolina, Tents. essee. Texu ami Mririnla. I lie fol lowing states limy lie expected to elect gold men to succeed gold men at that time: M.ilne, Massachusetts and Kluxle I.luml. New Hampshire Is now represented bv a silver man, whose term will ex pire In tool. Much will depend in that state upm the personal jmpulnrlty of the ,m ut senator, Mr. ( lund.er, but If he slioulil no sueceeucii iv a gout mail, I,oiiihtiia ami Kentucky, now represented bv rM ncn, sre eertsin to send two blmetallista In their stead, leaving the ahtitage so far lth the silvrr men. "In slates-rkiulh IKtkota end IMdwmp Hlier l"w t siltvt Mimtoit, there will tie eti tests, and the itnwt that ran I tlitimed by the ut.hl ,-n is Chal are iwt iHuiHy ttrtsln to bold tli !. while the Mluwintf slate. Imw rr i.rr.riitr.l by gi.i.l turn, ran rrrtalnly tt be rUlnifd a ante Hi return solid gut.t di't-v l.i iiwittt-lti low. K ntiM. M hai.( !ttiiiiirMt4, Nirtirai.l. Nrw Jrr-y, tr rjfim. Unl Mrifiutt and WtuMiioif "'ni all IM It Is irfiH! 4fe la a-lt tiliul f'ar uf rtr I.. tli'O, I list d II"' t4iirtalt tt ii. ic.t In r l W iif the irrt.tM. in psu Uv wl I . irlt !-'! t4i rVar WMikl"C Ak4 ).,ilf In Ids I I. Mr JUt, nl Itt tt. ,t th nni-rt iir ! tt'is rna ta U will t tt.i. iih lha ftmriti ff il M rvh, I K fw( lt.l-l bi, wh.t tlr'trl Itrr, ai1 sll tf Imii t. f, f r-ttl i f ! Ikrlu.aa . t, 1 1 ! tlil. kfltft M.'i'lii, Mu,i lt i-f t link, t l ti Now Jfio an t 1 ir- lt Is t atMi. Iks i'im v( I- .-Ut. il U m I iM thtf ilfat l i4.i .t. Wtin M J uf ! tli I J ! Ihf, 1.1. tl tt il sou ibi, I sa 4t tl Ha ( im lliO llf.il. W h, S(H ."t Wit t fliMt '! ! si tit Jnt lit l nlt, A REPUBLICAN WISEACRb lis Sayi That th Uousa or Kotnohildi lias Nuthlug-to do with our Fioaanss, A certain wiseacre of a republican editor up in the northern part of the state wants to know why the pops are always bowling about Rotbecliilds when he lias no more to do with tlu financial offa rs of the United Hintrs thun the man in the moon. If the said editor will take a gluuce at t he following con tnii't, which is a cony of the one on file at Washington with only the legal per sifbiKR k'lt out, he tuny h um whether Kotlischilds has nnythlng to do with American financial uff iirs or not, This agreement entered Into this 8th doyot I'Vltruury, lMOQ, between thesis retaryofthe treasury of the United fltates, of the first part, and Messrs, Au gust Belmont & Co., of New York, on behalf of Missrs, N, M, Rothschilds & Hons, of London, Knglnnd, mid tlimn si'lvcs, nnd Messrs, J. V. Morgun & Co. of New, York, on behalf of Messrs. J, H, Morgan & t'ti., of Loudon, and tlnmi M'lvcs, purlirs of tin second part, Wit ni'tsctb: " and the secre tary of the treasury now di nis that an emergency exists in which the public in 1 i -t !... i 1 i.'i.j&:u.iuaa. FlIiHT NEKKAKKA ENTKHINO MANILA. The above Is from a photograph of the Nebraska regimmt approaching the city of Manila, August ID, 1HUH, The regiment moved for about a mile along the beach In water waist deep, a part of the distance In the open and a part under the protection of the stone wall along the watr front. -The (Spaniards were firing in that direction, but their aim was too hirh to he rffeotive, lly this movement the Nebraska regiment entered the main part of the city, and went Into thecity proper in advance of any other regiment. One company of the Eighteenth Inft., U. 8. Hegnlars, were tbe only American troops that entered tb city before the Nebraska regiment. Tbe illustration shows the center of the regiment, Company II of Nelson and Company C of Heat rice. Tbe first battalion, headed by Company D of Lincoln, was in the lead. It is anthoratirely stated that Admiral Dewey, standing on the deck of the naKsnip Olympia, when be saw the American troops advancing: along this beach, turned to his aide, who was by his side, with tbe question: "Do yon see those troops advancing along tbe beach?" A w bat I call bravery." terests require that, as hereinafter pro. vided, com shall be purchased with the bonds of the United Slates, authored to be issued under the act entitled 'An act to provide for the re sumption of Specie payments, approved January 14, 1875, Now, therefore, the said parties of the second pnl'l. hereby nureo Iti eell and deliver to the United States, 8,50(1,0(10 ouneea of standard gold coin of the United States, at the rnt of 117.0441 sr ounce, pay able In United States 4 ier cent, thirty- year coupon or registered bond, said bunds to lie dated Fi bruary 1, 1805, end paynble at the plensureof the United States nfter thirty years from date, i sued under the nets of eonuress ol Jul v 14, 1M70, January 2, 1871, and Jsnu uury 14. 1875, bearing Interest uf the rt'eof 4 r ei-ut r aouum, payable quarterly. First: Such purchase and snla of gold com beta it madii ou the lollowiug con ditions: Second; All g'dd Coins delivered shall be received on the hal of 'J 5 8 srahi ol standard gold r dollar if within limit of olerane. Third: Should the secretary of the tressurv demr I o offer or sell any bonds of the United State in or Ivfueathe flr.H,flMlw, IIKMII HHHT OFFrllt THKSIMK TO TIIK I' UT1 W OK THK sKttlMl I'Altr. lilth. In e .uidiftK ol I ha pur rhaas of such niia Ike iiartie of Ida ar ! part, and their asM'tatv bervander h tar aa Itea U their Haer, will etert i Bril llt Hae as I w ill make all kflttinata ff ,ru lo prut. el I l.a treaaary i.llha ('ala lSltr a-lnl tha eilMrwt til gul.l waburf lb fotnpM -t rmke ol Ibis eisir I. U aitsraa whefnil lb par is a km snla aa lb ir aasda I ari UU Nik day uf tVUsary, J II CSISt K, S.vrlrf til Ik Ireaaarr, A It baoal A !', i s bsa tul Mr..., N, II iibiM X I.nsdo asd IhoiMwtvea, J, I' VI .ss k IV, a-k!! ol Wat, J H. Marga A t ,i Iom( a I kwtwlvew W. I! Cwtlia, I raa.U Lia ta tt.lii, IW fMMt asy mrM Uatkatkild iituakal ar lsUfid la Ifcst eaitr l Ik m4i U Ik mhi , U V fMl IklM IttlS.l In o lkt tt rtl sf o Wi lrw tut (skiif aletl im4 lit t- TknkHf Im aulJ Wa. Mk hntlt a rpSfa kl ierr4 lk ikiaa a l U k. ! h nWkii.U i maita ikl ai ! j (!! i ird, giflj of the ppopli money to this foreign banking syndicate of over $10,000,000. It was partly puld back with enormous contributions to Mark llaunu's corrup tion fund. - Republican Financier Convicted, i 1 The old Alliance men will remember what a time we had when Dorsey was running for congress and bow he was parading over the district claiming all financial knowledge that was known to man, and denouncing the pop as an archists, socialists and communists, They will also remember that the Potion bank with which he wasconnected failed, that an Investigation showed that It wne u regulurthleves den and the officers Itidiefed. After years of long drawn out litigation, Dorsey' brother was con victed the other day of the rank at kind of fraud. A motion for a now trial was immediately made, so we are. not any where near the end of it yet. More years of litigation are to follow. There is something about those courts that DO pop cun find out. i pause, and tbe admiral added: "That Is A BITTER INDICTMENT What tha Federation of Labor and th Trada tlnlonli Is Think of Socialism, The socialism of the social lubor party is in fact communism. The demand in their platform for the collective owner ship of all the means of production and distribution is a demand for the com mon ownership of all property. Mr. Sam L. lefllngwell in the Jauuary num ber of the American Federatiotilst,wliich is tb olllcial organ of tbe trade unions of the United States, has a very ttble article ou sis'lullsiu. lie give a fair summary of the various bodia who call themaclre socialist and define the difference in their creed. Ppeaking of t he social labor party of thiscouutry, which this pnsr has been criticising and which a-ems to have trnor fifteen hi. lows la this state ha says: Now, what iliiea th pattella reform offer lr lh betterment ol tb condition ol I hi honest, eonaervatlv elaa of paMtmutbl workmen, who are slowly but aurvlv working oat I heir own d.-atinj? riiuiplv to break up their orgaaualKia; tear dia tha labrie ol their ultimata redemption Irotii b.ug v ear of uppreaad oadilmaa, aud wlikk II ha, take other lotttf year to brin to its itnwsl satis Uriuey ratatiiiahnient, mn lo sulialitut rnllsplwea lh tlalunary nhenia lit ild aud r'k ruiaiaaJalrwetk ble, iulins'bl, tiiirwtliMht-tairtt rl aluiiMil'i a ttieiil i bllorfi kl4 birth In lh tieMiM ola "NMrtiv eiiMmiaeltk " lkitrly advta-iii Iht "ramho" id .rono lurauft ns lalMf ra'l Maell Ik ,ISiailil l.ltfir l-itrir," a I U kiiu-lr mh- vit ul let.rl i h a rial d aim rata ol ibaiHiiat tb-ray, ll la ii.l rvtr lulmaart lull tuvikixU ol dtrelHi id etiaatiiailonal laa luia'i, II H ! oat f ! tvtif aaa wkn lo irrva t-r ki rnduvit In Ik ioif. ! si.m til Ik iniiiiiNsitk, lhl Cl Ikuaa ki il 4 'il k m I sr Ike twaaSI id Ika r .r al h el .asSKitKiH, tlaulnulr laal a Ikt k k4V mI rMe iail villi . r ill "ala I aa I dli!'' kal mi'd 4-trn a I nViitfU all kMai 4 m.i. a .1, Mh. a I -iHaa, ,i rt I' I a 4 ! ol wIWi k4 m, amikiag I Ik la wl ' ky aa 4-.li..i. flkiS4 larlkif id t IkiKitf I M. It tl la ! r4tiM t a 4arlria m pfli salhs lit Ika Mn it I pri fis tnittr, fey lrw isaViwr, d y, as Ik akll control by the community in all matters pertainlnir to labor, reliirion, social re lations, etc., developing Into a phase of extreme socialism, shading Into anarchy. Many of Its advocates would abolish marriage and the family relations. If any class of our citizens have a pre eminent right to speak plainly upon this subjnct it is the membership of labor organisations. The Inuki'knpknt lias always defended organized labor and It fuels more like doing It now, after read ing this article and after the action taken by the national body at St. Louis than it ever did before, Very many warnings were given to this editor when be felt culled upon to state the difference between populism and socialism and It was said that the paper would lose many subscribers. So far it has lost two. Mr. Lufllawull winds up bis article as follows: It is this class of fugitives from Just censure iu other lands, who, if they do not applaud, have words of encourage meut for the crazy cutthroats who as sassinate helpless men and women, to fulfill a sworn agreement with their fel lows, becausnof somelmagiuary ill likely to happen; it Is this class of men who are working for the disruption of trades unionism in all lands, that there may be a wider field for propagandist!); and who, when the opportunity offers, break into the decent society of trade councils and strive, with honeyed words end well rounded phrases, to inject the v lioness of their purpose into measures being framed for the advancement, elevation and salvation of the honest laboring masses of the country. That is what organlzsd labor thinks of socialism nnd the Indki'kndent says that tbe Indictment is well written. HE APOLOGISES, Tbe editor of the Dakota Ivurallst re marks as follows: "We probably owe the editor of the Ihdkpbnuknt an apology for Intimat ing thut he was not up-to-date on so cialism, for he now states that be has read over 800 socla'ist books, including Karl Marx, and takes la six socialist papers, including the Dakota Kuralist. After exhausting this mine ol informa tion be attempt to establish the distinc tion between socialism and populism, and says: "Tbe very base of socialism Is the des truction of ths private ownership of nroiierty. It is voiced in their platform In the following words: 'We demand the publio or collective ownership of all tbe means of production and distribu tion.' That Is not populism. Populism demands tbe public ownership ot public utilities.' Tbia includes a serious error. He de clares tbe base ol socialism is the des truction of private property, which Is not true. Tbe socialist would abolish private ownership In the means ol pro duction but protect the individual in the ownership of his share of the pro duet." If ere Is a theory never heard of before. No such a thing can be found in any work of authority on socialism either in this country or In Europe. By what possible plan can tbe whole production of all the people in the United States be divided equally amoni the 70.OO0I00 inhabitants ol these states so that each one will own and control that portion? Will each one own Individually his share of all the wheat, corn, calico, combs, tooth brushes, pictures, calves, sheep, buttous, ruce horses, books, drugs, dull babies, pianos, quinine, ribbous, bricks, wagons, locoinotivo. plows, canary birds, eteatnships, chickens and more than a million other thing that are an nually produced iu tbl country? If he Is not to get an Individual ownership In kind, how Is th thing to b fixed any how? Karl Marx, Iferr lUeUI and all th other ot that kind hav dreamed som stranir dream, bat never any thing Me thhw It would give any or dinary man the Jim Jams tooouteutplate it for ball an hour. OUR NEW MINISTER Mr, ('boat I pnltahwd, silly, and eat- Is lly reapaetftbl in appear. II i giHid Ktut personally, hut In what ka rirraat k I tverylbleg that I bad. II Ua fnrpuraOa !, h h never never ko i'rtt)a I a iva 14 lbs lalaeeat (4 k fllvftU, ! IkeMI lb! l'd I Wi'lll kttaiitllto Btfulitat th a.llara ol is imiuiiSltk. Hi i hialmt I pew ilf wkal mi'sM k tie itl4 id a, rei MM l hI'Ik. Vt maa, t.irl uf Is tet, U kna- (teed 1V IHa fi Htilw4 l.f S4S 4l;i l.if at ikw l Ik nnntii!. Id ikat ra U n-rU. M Of W lletfHa lit Sm fil I -m.U. I k i.Hl In b l-(l la at , Hlni.iifiU n la ait id ika rtt id l rr at.lx aa k- klkt tk kvuftki, ttiki.wii r, . nul. er dn't, .iMiiaii ens, aa I kaitS U I frit ik Iu am ia i'H'ni av aai m is virHi IsMt I liaal. lk la IkaeaaviMKid Sai-I- l fH . I ka i laiMxilal 1 1 J m a d id k ! ltMi tkt ikisff l k'i)lag a M aril-N his skautd Wk at aut al, wk:h, p im Ik vvtams if tM taMFt I'ttraUU wttk p!i!y ! ttvrv- MIAT IS JW MJNEY Men not Born with a Knowledge of Economics, it is a Soienoe that Must be Learned ( MILLIONS OF GOLD FIAT The Old and Fundamental Princi ples of Populism Must be Pushed to the Front Ootd Dollars Worth 00 Cents. Editor Independent! I have been thinking for the last cou ple of weeks that I would write you an article on the subject of flat money. To begin to write on this subject Is, I realize, going back to the first princi ples of the populist party. If I mis take not the first principles of tbe par ty have not been talked enough. It has become of late that the party has drifted to the subject of talking of suitable candidates. Vhe Idea of talk' ing of a suitable candidate for an oillee is all right, but should not be taken too fur, A mun with one idea can nev er make a success in statesmanship, I do not infer that the purty has drifted to one idea, but this would be on that inclination- Certainly we have not not talked the original principles of the party enough, If we wefe to drop the foundation, of the party entirely; and conduct a campaign on tbe tntory of tbe old party, where would we be? We would be left. .,, What are the principles of the popu list party that is, the foundation of the purty? Isn't one of the principles the theory thut if tbe circulating me dium of the country be increased or decreased, that increased or decrease will affect prices? It may be inferred that the average republican knowns all of that, but we do not think so. 11 ow many years ago was it that two thirds of the populist party did not know that fact? The money question is not a thing that a man knows natur ally from birth or by instinct; it 1 a question that can only be Jearned by tbe hardest study. Will we then object if we were to go back ' to tb first principles of tbe party? If is one ' of the bare facta of populism, that if a man does understand tbe true nature and use of money, that there is no use to talk "tree coinage" to bim. But there is a principle about money that the populist party has almost ceased to speak of, and that is the flat value money. I do not say that the populist party has abandoned the idea of flat money, but it has been such a strong point in populism that it seemed that there was no use of talking it. We have grown too much into the idea that every man, both populists, democrat and republican believe that a scientific flat paper money would be the best, It la not the case. The well Informed populist knows that. The silver democrat has a fulnt Idea of it, and the rank and file of the republi can party have such a faint glimmer of the light that they do not believe it to be true, Now to prove this we re fer to the democratic platform. They, though they be for sliver, demand that jmi per money be redeemed What is the use to say "redeemed" to the well in formed populist? This idea tuat mon ey should have, as the republicans say, "an Intrinsic value" must be overcome, and it cannot be overcome except, that the populist party keep up its old trachings. Now the republicans keep ' right ou teaching the very opposite principle by upholding tbe Idea that the dollar must contain a eertaln am ount of material, and that material must be worth a dolar, This he calls intrinsic value. And more than that b Is alway demanding what he call "sound money." I would lik to ask If tbl Isn't the very opposite of the HpuIUt teaching, namely th fiat val ue of money? We must not forgrt these first principle. It seems that the rrpublkap have set up th argu turn i that w must hv a doiUr tha will jro lo .'umHi and will b worth just much there aa tt I la tne Uni ted Mate. They state that to las th piM ibdlar to Furop and uielt It dowp lu lh form of riild bullion, last thai dollar, tfeuugh do'.lar no nr, woukl l Wtirth a hundred rest. ht tbtf kt i-t in defense of th fold stand ard, 4 lit oi'iHwiliua Ui tb id of nt Biunry. I bey v yo may lak lh 1 -a per thiiUtr la Furor M tl U iiiii wikis th prr ll I written a They say thai we must k a dut'.ar thai will gu sbrtied, and lui thai Ik fvtd UUr l Ik vuly ilnitar that svl v1 lb and b worth tu I i.a !u afirr il gtii Iker. Now Ihra f uutruts nititl be relat ed, I hrjf bi be, bill ll k be b M)tlf Ifcsl in Ik it.vlrla th UU ! d.Oar thai wl ex ahrud I fiHi.uk He u. a d.tiUr tkt witt t.d ia tat Utlr Iks dulUr Ikat Will sa t Imhm, Hut wkal I tk gnUl I'Wiar whm ( a kvd t t k k'r. ta.imiUI Mt Ikat it W k4ti . II j..i wvi l lak a kaatl(l tbu4 sasd J. dial lt V wii and ttr )! (vl Ikrie, think ll wwubt, fHt uU II tlvm mI lt.l tl wh l.l mm t t k. Ikal ts I' ss (kif f silirr ay, Ni K ui. iii wwtikl t-iit'rf I l'l Hi l' l'sll4 ataWa .m( wuslil still k awlk kuiil'.l tf4se4 ilIUt li l hw wkii wi ii Vnttep l . tlVati4 )-'kik