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About The Nebraska independent. (Lincoln, Nebraska) 1896-1902 | View Entire Issue (Aug. 10, 1899)
THE NEBRASKA INDEPENDENT. Aug. lo, 1899 1 I jY 13 if if if I I! If I 1 1 I i SCIENTIFIC, MONEY. WHAT IT IS, HOW CREATED AND THE MANNER OF ITS REDEMPTION. Thoash Money Is Kot Material Tains. It One of the Most Potent . Affeaciea In Civilisation Aad tbe . Beat Material For Money la Paper. Money Is an Important factor lu mod ern civilization. Some writers claim It to be tbe most Important of all. The United States monetary commission of 1876 mentions the Importance of mon ey In modern society as "Tbe great in ttrnment of association, the very fiber of social organism, tbe vitalizing force of Industry, the protoplasm of civiliza tion and as essential ?o Its existence as oxygen Is to animal life. Without mon ey civilization could not have had a beginning; with a diminishing supply It must languish and, unless relieved, ' finally perish." : Sir Archibald Alison, England's great historian, speaks of money as "this mighty agent In nunian affairs." Mr. Alexander Del Mar, formerly director of the bureau of statistics of the Unit ed States, member of tbe United States monetary commission and an able writer on the finances, describing the operations of this factor In tbe affairs of nations, says: "Unheard, unfelt, al most unseen, it has the power to so distribute the burdens, gratifications and opportunities of life that each In dividual shall enjoy that share of them to which bis merits entitle him or to dispense them with so partial a hand as to violate every principle of Justice and perpetuate a system of social slav eries to the end of time." Tbe late Senator Plumb, speaking of the money question In 1888, said, "We are dealing with a question which has more to do with the welfare of the United States, which Is of mora con cern to them, than any other thing that Is pending or that can be pend ing." etc. Money, strictly speaking, Is not a ma terial thing. It Is a function created by law, and by law this function may be attached to any proper material. It Is an office or function, as Is the office of ' sheriff. A man. naturally, Is not a sher iff or other public officer; but when the office or legal function has been attach ed to the man, he Is then a public offi cer and as such can do many things and perform many acta which be could aot do or perform as a mere man. When the money function has been le gally attached to a material thing, then that material thing becomes tangible money. In rude society the money function may grow up by custom, and by common consent It becomes attach ed to a material thing. In this way . cattle, copper, gold, silver, tobacco and various articles of commerce have be come tangible money by reason of their endownment by custom or law with the money function. Tbe various commodities of commerce have never proved themselves entirely satisfac . tory money, because of their unwieldl aess and frequent scarcity. . , A proper material for use as money should possess certain attributes: First, cheapness of procurement, that Its acquisition may not prove a burden on society; second, reasonable durabil ity; - thlrd ease of transportation; fourth, convenience In handling in large and small amounts; fifth, ease of concealment; sixth, difficulty In counterfeiting. All things considered, no material seems so well adapted to practical business purposes as well executed paper notes. The material Is easy of procurement, reasonably dur able and easy to transport, count and handle In large or small amounts. It Is easy to conceal about tbe person. being small of bulk and light of weight; and, above all, when executed In the highest style of art, It Is the most dlffl cult of all moneys to counterfeit On this tatter point Mr. Alexander Del Mar In his able work on "The 8c! ence of Money" says, "Tbe silk thread ed, distinctive fiber paper, the water marks, the printing in colors, tbe high ly artistic vignettes, the geometrical lathe work, the numbers, signatures and other mechanical safeguards of the modern paper note render It far more difficult to Imitate than coin." The Importance of having a money above tbe arts of the counterfeiter Is seen when we contemplate a few facts of history. All agree that money Is valuable In proportion to limitation and that an unlimited money must be, ultimately, a worthless money. A mon ey that Is easily counterfeited Is prac tically an unlimited money. As exam ples In point 1 mention the Continental currency of the American Revolution and the asslgnats of France. Both were largely counterfeited by the Brit Isb government In each case the coun terfeits are said to have far exceeded In amount tbe genuine notes, when the- point of worthlessness was reached. Tbe Isstng of money Is an act of sov erelgnty and as such onght not to be delegated to Individuals or to corpora' tlons. ; All money should be Issued by ) the sovereign power of tbe nation. When so issued, It Is In effect check on society for value, and, like all checks. It must be redeemed. All mon ey. whether metal or paper, must be redeemed. That Is what money Is for. It rests on tbe value that is behind It But let us not be mistaken, let us not be misled, by terms. Swapping dollars la no redemption. Tbe first and pri mary redemption of money la recelr ability by tbe Issuing power. It must be receivable In tbe revenues of tbe Issuing government That Is primal Coemption. A money so received In e United States and Great Britain baa been and Is uniformly good money, This primal redemption Is like a man accepting his own checks In payment of dues to himself when be transacts business. Bat there Is a wider and more gen eral redemption, which arises from the quality of, legal tender. All perfect money is endowed with this necessary quality, and when so endowed all men advertise their eagerness to redeem such money with value. In effect this is tmsing money, not on gold only, not on silver, nor on any single commodity, but on all commodities. A money so based is precisely as good as the Is suing government no better, no worse. A money, so based, though made of paper, never falls below coin while the Issuing government remains Intact and continues to collect and disburse rev enues. This rule has no exceptions. A paper money so founded and re deemed is always preferred to coin. Intrinsic or commercial value In the material which is endowed with the monetary function Is not only unnec essary, but it should be further stated that such Intrinsic value is a great .and sometimes a fatal objection to the money material It gives the owners of the valuable money material a monopoly of the money of the country. If gold alone Is used as money, then tbe amount of money in a given coun try cannot exceed tbe amount of gold available in that country, and the holders of gold, by making money scarce or plenty at will, become mas ters of the situation. They occupy the position described by Mr. Garfield when be said, "Whoever controls the volume of the currency is absolute master of all Industry and commerce." Senator Benton, speaking of the same dangerous class of men, said, "All property is at their mercy." Money has often .been defined as a "measure of value." This is not strict ly true. Values are measured by tbe combined judgments of : tbe parties concerned, influenced by surrounding circumstances and conditions. In oth er words, "values are measured with brains." But money is a unit of ac count and values are expressed in the money units. In the United States the dollar Is the unit of account and values are expressed ' in dollars and fractions of a dollar. Values having been fixed by the combined judgments of the parties in Interest, then It is the office of money to settle the account between the parties as a medium of exchange or means of payment When I pay a man money for service, I give him a general check on society for value. So far as I am concerned, he Is paid; but In fact be has not yet re ceived anything which satisfies his ul timate wants. He has only received a check on the general wealth of the country for what he desires. This check must be redeemed, and society Is eager to redeem It wltb all the val ues of the country that are for sale. Hence the man to whom 'I paid the check Is better paid than If I had given him some form of value which he did not specially need. If I had given him a horse or a cow when be needed a coat and vest, It would have been less satisfactory to him than tbe money, though of tbe same or even greater value. Though money may be without Intrinsic value In Itself, and should be so, yet when fairly treated by law. It stands for all values, and the holder of It has a check, or order on the entire country for his choice of all property that Is for sale to the extent of the value mentioned In his check or order, and all men are eager to accept or re deem his check and give him choice of the values In their possession.-John Davis. Dnttea. ' . f A high class without duties to do !s like a tree planted on precipices, from the roots of which all the earth has been crumbling. Nature owns no man who Is not a martyr withal Is there a man who pretends to live luxuriously housed up, screened from all work, from want danger, hardship, the vic tory over which Is what we name work he himself to sit serene, amid down bolsters and appliances and have all bis work and battling done by other men? And such a man calls himself a noble man I His fathers worked for him, he says, or successfully gambled for him. Here he sits, proteoses not in sorrow, but in pride, that he and his have done no work, time out of mind. It Is a law of the land, and it Is thought to be tbe law of the universe, that be, alone of recorded men, shall have no task laid on him, except that of eating his cooked victuals and not flinging himself out of window. Once more I will say there was no stranger spectacle under this sun. What Is the meaning of nobleness if this be "noble?" In a valiant suffering for others, not In a slothful making others suffer for us, did nobleness ever lie. The chief of men Is he who stands In the van of men, fronting the peril which frightens back all others, which, If It be uot vanquished, will devour tbe others. Thomas Carlyle. .,'.,; That Empty Street Car. It Is such a common thing to see an empty street car going dashing along the street, passing hundreds of people walking on the sidewalk that no one gives It any attention. Yet It is a monstrous proposition. People do not walk up stairs when there Is an eleva tor running, do they? What would you think of the owner of a ten story building who would sell or give away the elevator privileges to a person or corporation to operate for personal gain with power to charge for tbe services up to the point where people would be compelled to walk? The two propositions are on a par, exactly so. Would not such a thing ruin the rental value of tbe building? Certainly It would If there were other buildings to be bad. If no building could be had, then It would work ruination to the renters. The Idea of giving away the streets to a private corporation and then walk ing Is wrong In principle and destruc tive In rractlce. There la no sense In It and no thinking man or w6maa fa vors It Living Issues. Oared trader Gnrey V. a. OOVaUUIBUMf BOM It wrtSMi ae aatveiaa. tread. rail Farttealais aad Meek f-P-l l ! AMTX-rUX O, Haeela.Meh If C. C FEVER IN A SOLDIERS' HOME. SU Deaths From Tallow Jack Among Hampton Veteran. Washisgtov Auy. L There has jcen iO cases of yellow fever and six deaths at the National Soldiers' Home near Hampton within a few days. These figures were given oat at the War department. to-day. IIow the fever got to the home is not known. Adjutant-General Corbin tays that one theory of the way in which It might have been brought there is that one of the soldiers re cently visited Santiago. He returned some time ago suffering with what the physicians thought to be dengue. It was not until the inmates of the home began to die that the disease was dis covered to be yellow fever. General Corbin savs that . there Is not the least question about the charac ter of the dlsease,physlcfans who were present at the (postmortem examina tion on some of the victims declaring that yellow fever was surely present Tbe Soldiers' home has no connec tion with the war department It is under a board of managers created by Congress, which manages all the sol diers' homes throughout the country. The men admitted are soldiers of the war of the rebellion. Officers of the war department are very much con cerned upon the part of the military post at Fort Monroe, which is within six miles of the home. Orders have been issued removing the garrison to some point on the Northern coast to be selected by General Merrltt A few officers and twenty enlisted men will be detained at Fort Monroe as a tuard. PENNSYLVANIA'S WAY. Win Meat : Volunteer and Take Then : .Home In Style.'.,.'''.;' Chicago, Aug. L A committee of prominent Pennsylvania politicians, officials, newspaper and railroad men, traveling in a special .coach, passed through Chicago last night, en route for the Pacific coast to welcome borne the Tenth Pennsylvania volunteer in fan try, which is expected to arrive in San Francisco from Manila August S or 6. The committee carries a fund of 850,000, raised by oltizens of Western Pennsylvania, with which to bring the Tenth home and prepare a wel come for the returning soldiers. Be sides the citizens' fund of 150,000, the Pennsylvania railroad subscribed 825,000. By special arrangement with the war department, there will be a pay car attached to each of the mil itary trains that pulls out of San Francisco, and in each pay car will be the paymaster and government offi cials, who will give the officers and men their pay and discharge papers. Over 1800,000 will be distributed ir this manner. ' "SOFT NOSE BULLETS." . Guards at Jollet Armed With atauere Loaded With "Dumdums' Chicago, Aug. i Every guard on the penitentiary walls at Jollet is armed with a new Mauser rifle and the rifles are loaded with "dumdum" bullet. , This bullet is the one that was denounced in the peace confer enoe at The Hague as a barbarous im plement of warfare. This is said to be the first Instance of its use in the United States. The bullets used at Jollet are made by an American firm and they are described on the labels of the boxes that contain them, as "soft nose bullets.' When tbey are fired into a body the soft nose flattens and spreads, and the long projectile assumes the shape of a mushroom. One of these projectiles makes a small hole on entering, but in passing out it tears away the flesh and leaves a ragged wound, sometimes as large as a man's hand. We notice r this paragraph In the Poultry Keeper: "Ground meat la sometimes used for chicks, but results ihow that too much of it causes bowel disease. If a piece of lean butcher's meat be cooked to ehreds or be chopped fine after cooking and fed twice a week it wll" be sufficient" This was evidently written of the feeding of very young chicks. We have fed ground beef and have found it very effective in producing a rapid develop ment of chlcKS. We have fed it with care, as we were fearful of producing too rapid growth and too great a de velopment of plumage, at the expense of the frame. . With dried blood we have not been" so successful In the flrst place the chicks Co not like the blood In any wy it can be fixed, and even the old hens eat it very spar ingly. We have found the dried blood eaten most readily when fed dry la chopped feed. Traveling Maa round Dead. HuTCHissos, Kan., An L W. M. Wright was found dead in his room here at 0 o'clock last evening. He was well known over Kan sas, and " was " traveling for the Hit man -Todd grocery firm of Leav enworth. He went to his room in per fect health a few hours before he was found dead. The cause of his death Is a complete mystery and an autopsy has been ordered. He was a single man about J7 years old, and had a wide acquaintance among the travel ing men. - ' , People of Llneola Jabtleat. , i Lincoln, Neb., Aug. L Noisy dem onstrations and joyful celebrations followed tbe news of the arrival of the First Nebraska regiment at 8aa Francisco. In Lincoln and other Ne braska towns cannon were fired, whistles tooted and bells rung. The soldiers are expected to leave San Francisco la about " three . weeks for home, and an elaborate reception to we regiment at Uneoin is being pre- pared. Annual Clearing Sale of . Carriages, Buggies, Surreys, Spring Wagons, Studebaker Wagons. Road Wagons To reduce our stock and doit quick we will, Y for the next thirty days make prices that will V . astonish you. Don't forget that we have the . largest stock . ; A in the state to select from. $ Also remember that we are the only firm in the city that carry a first class line of goods Y in high grades. x S BILLMEYER 2024-6 South V . rJffj9 . ttockolgood 1 from 10.000 to -sJs5sL?"V liS r h Ll, We own and occupy the tal'lest mercantile building In the world. We bsve U IVVl - over t.ooo.ooo customer. Sixteen hundred clerk are constantly v OKI a 1 ' engaged filling out-of-town order. ' rjj ll TtI OUR GENERAL CATALOGUE ! th book of the people it quote IfOT VfEJj I . Wholesale Price to Everybody, ha over 1,000 page, 16,000 illustration, and XjlJ'. I M C I 60,000 descriptions of article wltb price. It costs 7 cents to print end mail IflV rLtEJ each copy. We went you to have one. SEND FIFTEEN CENTS to show flj k lyl your good faith, and we'll send you a copy FREE, with' all charge prepaid. IMiM A STATE CAMPAIGN FUND The State Central Committee, at its recent meeting, authorised the Chairman and Secretary of the Committee to open, through the columns of the Nebraska Indepmdiitt, a popular subscription for , raising funds for the coming campaign, ' In accordance with this action of the committee, blanks tor such subscription, will appear in the paper , each week, and additional pledges will be sent to any who apply for them. The educational work not only of the coming campaign, bnt also that of 1900, must be vigorously pushed, and your committee should be en abled to make an aggressive fight, which can only be done by having the neceeaary fnnds to push the work. The Publishers of the Nebraska Independent hare kindly undertaken to receive all subscriptions that may be made and hold all pledges for future payments, publishing from time to time the list of contributors to to the fund. They will also publish receipts from the chairman of the 8tate Committee, showing that all funds received have been turned over to the Committee for purposes intended. . Where it is convenient to do eo, clubs can be formed and the remittance be made in the name of such club, or a number of individuals can send their subscriptions in one remittance. We hope for a generous response to this appeal- This is a campaign in the Interest of the people, and they, should hold up the hands of their servants and leaders as they move along in tbe front rank. ' Sf ' By order of the State Central Committee, Peoples Independent T&ttj of Nebraska, n J. N. GAFFIN, Chairman, . ' ; ' J. M. THOMPSON, Secy. NEBRASKA INDEPENDENT FUND, ' FOR THE PEOPLES PARTY STATE CEN. COMMITTEE. CASH SUBSCRIPTION. The undersigned hereby subrcribes and pays into the Nebraska Independ ent State Fund for the use of the) Peoples Party State Committee the sum of ' .DOLLARS. 1 DEFERRED SUBSCRIPTION. I also agree to send yon tor use of DOLLARS to be remitted not later Date. PostoQee Street No. Give the same, bob ds plume, or initials that the Nebraska Independent may mas ia crediting you la Its eolusu with your subscription. t"- ' ' j ' '.. "" -) Mania IrwiVadl ' Hake all rem! Manors promptly to the Nebraska Independent, IJaeola, Ibraska, aad mafl with this pledge. Organise oiubs where possible aad InolaeW several subscriptions ia one remittance. and Harness, & SADLER, Eleventh Street. DON'T BE MISLED ON THIS SUBJECT! Some dealers, realizing that tbey cannot meet our competition, are claiming that we do not carry a stock. We will guarantee to vou that we carry one of the larjr-' est stocks of vehicles In tbe west.- Our sample room floor alone contains from 85 to 40 Jobs and our ware house Is crowded. We are one of the largest dealers in this section - and sell Direct to Consumer at Wholesale Price. That Is what does it. Send for Catalogue. Address THE WESTERN MERCANTILE CO., lOlli and Faruani Nts. v - - Omana " Tin iuttM That Sars Tou Money.' said committee the ram oL.. than October 10, 1899. -Signature County I ICE- Delivered to any part of the City. . TELEPHONE 4 78 DR. M. B. KETCHUM. ' SPECIALIST. ' rvc cm mi a ci? ximn 1 t cap., nuoc, innuAi, Spectacles Fitted Accurately. All Fees Reasonable, ffice 226 S, 10th St.. Lincoln, Nefcr. BEE KEEPER'S SUPPLIES. We want every bee keepet to eend for our 1899 Cata logue. - TRESTEK SUPu f LY CU., 103 & 11th St., Lincoln, Neb, DR. O.C.REYNOLDS, ciinncnM UUIIULnUlll Bit"phM we. LiBColof!Nc. Headauarters for Good Lumber at low prices. ' p. W. LUfftl 7th & O St, UOCOLN, NEB. A chance . , . , to save some money ' by dropping me a Dostal card- - ' asking tor ' : Catalogue and Prices. Good standard new Organ $45 and up ARTHUR BETZ, 212 So. I Hi St Lincoln, Ksbraska. Annual Encampment 0. A. B. at Philadelphia Low Rates Stop-Overs. Here is a popular excursion for you by the Northwestern Line. Pretty nearly everything you want s granted. : For the round trip same route going and returning, ' continuous passage, 152.85; going and returning same route with one e top-over in each direction east of Buffalo, Niagara Falls or Pittsburg,, f 34.05; going one way and returning another, with one stop-over as above, 136.05. Tickets will be sold September 1, 2, and 3. Extreme limit September Ot 17 .1 l-f t.: l n uvi jturmuur iuivriuai.liu pmaev cau at city ticket office, 117 So. 10th St., Lincoln, Neb, , - Cryptic Masons at Pike's Peak. On the occasion of the above meeting, Aug. 7 to 12. the Denver & Rie Grande railroad win mate a raw vi una iuru iv .. . . . i . . the round trip from Denver, Colorado Springs, and Pueblo to all points in Colorado and to Salt Lake City. This will be an excellent opportunity for an outing in the Rockies. For particulars call on agents or write S. K. Ilooper, G. P. & T. A., Denver-, Colo. Propeeal For Hospital at Soldiers' aad Sailors' Home at Mllford. ftteled proposal will b reoetred kt tbla offle oitll 1 o'clock, p.m., Saterday, Aaaost it, IttM, lor all labor end material reqoina ia toe tlo and completion of a hospital at th soldiers aad sailors Boms at Minora. HSDraste, in ae cordage with th pproprietloa therefor la chapter lit, ssmIo laws of 18W, aad lo sooord e with plan and psclBcatloos on file la the oflceof tbe roamlMloner of public lands aad building, at the Bsllders aad Trader Eiehaaae, Omaha, aad at th soldiers aad sailor home, Mllford. Each bid mast be aoeompaaled by a csrtl fled ebeck for aot less than twoner ccntef tbe era oast bid ae aa eereest of good faith, Tb right Is ressrrsd to r)set anj and all bids, or to weir asr Informality la any bid which It nay be dsemed la tbe interest of tb stats to do. W. F. PORTER, Secretary Board of Pablle Lands and Building. , Heme for Thousands. If you are looking for anew home, you cannot do better than to invest! gate the advantages to settlers in the new state of Utah. No climate in the world is more even tempered aad no country offers greater natural resources. There Is much land to be had cheap. Take advantage of the hull rate in effect oa the first and third Tuesday of each month to m to Utah to look - over the leld for yourself. Bee that your tickets Mail via .da Pl flu4. n . which will carry yon through the center aad most favored part of the stats. For copy oi "rointer to Prosperity" write to Geo. W.Helnti, Salt Lakiaty. t! iinnrnrn ULIl LU. mum;. a .