May 10, 1800.
THE NEBRASKA INDEPENDENT
Unless exqrafuly well done, is a trade-piller. We
cbren't psU oar hats dws over our eyes and rush into
adjectives as if tre were Western Swamp agents, talking
to a lot of Martin Cfcuzzlewitz. You wouldn't stand it.
Bat bear with cs in a little quiet gush. Saturday was
great. For whole hours we had all we could do to sell
HI the clothing that was wanted. " .
Abraham Lincoln knew what the American people
uld stand when he said "Yoa can fool aix the peo-
cc-u
pie
part cf the time, and
trmc. but cot AU. the ptvpfe all, the time." And The
Nebraska says "If a man stubs his toe on the same
obstacle the second time, he'll know enough to walk
around it the third time." Nebraska clothing is good
clothing and satisfies. Once a customer always a
caitomtr.
Honest advertising influences you in-jo-far as 3011
- test and nd you can bslic-ve what is said. No other
can make a business truly great and yet the opposite, at
nourii.'.es.
r.i bk uka clothing rs cooo clothing.
Ottlc UUt tU ;m ail Wt It will Sample enclosed,
rml upm Application,
Mention the Nebraska
OKE TRUSTS COISGS
WJ,at t UpmiUmm Prty II Ilrwght
a () ff.U- Ilrt II startles
ad Htw TL-t It AUm
For tcAsj isys the country' has waited
j.tkily to whether the critn of
th Wir s4 S'j1 'frart would i&duce
Mr. McKicls7 atvraey general to bring
th &cctrca corporate! law-breaker
U jcetic. Never in tt history cf the
country h th-re b--n & tuore arrogant
d-:t.;y- t.f iaar aid public cora! nerer
Lalder cvssfjiracy aaijwt the jap-,
lan tL eerauarjs ty hlrh thi trust
isireschi be Lied lL jo er cf the
republican x arty La ize-d control of
iLe wire i.&dutry of the r-atkn, wrur-g
tecLrd of jr: t from tL Le'plefs
ftr&r cut.Terd iniejec.det tioa
f adorer irto sere etj Joye. ted then
1-7 an arbitrary act caused a tLrickage
ia i u o a turk of f 1 .UU.IMJ in two
kt witis its Irked cre Uy informed
cf the sdrf-cu in kijrassce clc--d fix
factcrie a&d thrown nor than six
tLcuB4 n.-ri oat cf vurk ithout
COtic..
llrra ha .id rrat!i-:y again
s.4 ainus that ti trut "-bould 1 iet
a 4Xi4 that iLe trut quetioa i
3t a ;..! tr' '-;r:tti'.'3 at aiL
Y-t tb cry rict tru-t irr. v.p bit-t-r!y
froo "tery yrt of ti,? cructry.
awl i-ar-Ie;uf-r are jcHtis th tuuS
titu ie cf cosrurriai trmeLer, icdu
trta! -arork-r acd farther who Lav- poce
ewrw iw coorruc4n; "' ?r-
Word com from erery tate in the
t,ic iiai lie ptrtcj oi u. wire ana
i trut at of Mr. MrKidey'p atout-
et saj-ywrfcer tt year ha cade the
trut 5TK.ee t2.tJ5-p than er-r.
If ary mas fca acy doubt that the
trat yVsa i already atit out the
Tttal A tt u'vjsi, k-t Lina ooiiider the
wbcskstoai j-iusdjf-ni. ej.ratkn of the
wire and trtist. The lat crime re
teal the Lt trat idea.
A little ore than a year agr the wire
acd trvt wa crzaruxi by John
W. Ga- Tie trut Lad c-ytic power
c-Trr I" wcricsien. The eot of pro-dui-i&ff
wire u reduced. The y-nce of
wire tu raii-
Ia xj year from the tim- of orraniza
tioo tha trt made a prytit of llZlCi
ZX'. Thi eiiOTDou sum was earned on
as iTetoesit of I VJ&MSJjO the amount
cf the pTf-ferred stock, which reprnt
the hrhet apyralMod Talae of the cotn
bicd factori. The farmers of Amer
izz had to suffer. The atoucdicg dir
idrcd cazs chiefly out of their pocketa.
Tb wir a&4 rte-l trust which, Mr.
lia.&a aya, "vhouid b k-t aiote"
mada thirty-fosr p-r eect prot on its
iTttc-t. Os of the trust's little
oke a to ad ranee wag-e about seren
ajd a half pr oct. Hat Ihe price of
wire a&d wire nails ad raird more than
iDO per cect. There a a grral fiour
ih cf trumpets oter the petty adrance
is wae bat Bothirg was aid about
the un9cui in the price of wire
axd rail&.
All te republican rewrpayrs and or-
Tfea IMMOVCO
VICTOR Incufcatcr
atss fut, .-sri mint
!- jsr aa-
DOCTOR J. L. McKEE.
OtT Block. Cor. 11th and X Sis.,
LINCOLN, NEH
Or. of th ohles-t and most reliable
I'hyficis.DS of the Uricrpiaa ys
tera of l:ao.-ir di-a of the
internal orpins, is dailr treating
the me-t -Tere ch-onic caes, and
l y rcrfcs'ful 2c-tho3 liae gained
th-e csnr-dcxoe of the public. Send
I Am a twf-otirio vial of morning
lart&e by express (not Inr mzll ) ,
cLzr?r paid, "with full name and
are. and too can hare the cecsessary
rsedidne at yott, with a descrip
tion of yosr diseae-e; charges raod
erate. Ortr thirty-flTe jears1
yrzcCoil exj-erience.
.SUPPLIES
IiniT.D
. CATALOG
TTANTED.
LiA'Jy WAX
13 BsiTEi Piprst Rsck Eggs, SI
TRESTER SUPPLY CO.,
De;1. D. - - UKOOU, XEBR.
Bee
km?
oooo
part of the peaple all the
Omaha, Neb.
Independent When Writing
ators helped to spread tne elad news
that the 8tel acd wire trust had ad
racced wajres about sevea and a half
per cent. Bat co one seemed to notice
that competition had been stricken dead
and that monopoly had enthroned itself
on the pare of opportunity. The wire
industry was monopolized. The trust
dictated prices. The whole country
was helpless in its relentless prip.
One would hare thought that a profit
of ll16230 on an investment of 140,
OjJUfJJ would hate satisfied the trust.
But do the field was clear for other
glorious empires of profit. The trust
principle had not been worked out to its
ju-t and true conclusion. President
Gates, to whom all good Americans owe
a debt of gratitude for the example he
has furnished, went a little, nay, a good
deal further.
The management of the wire and gteel
trust, after sending the price of it? f 40,
000,000 preferred etoek and 50,000,0(0
common stock to a tremendously high
price, suddenly announced that business
was poor, that the manufacture of wire
mutt temporarily cease, and, without a
word of warning, closed six factories and
threw more than six thousand faithful
working men into the streets without a
day's notice.
In two weeks the Wall street value of
wire and steel stock shrank ? 14,000,000.
The point is simple. That 114,000,000
was taken from' one set of pockets and
put into another set of pockets.
Who knew that the stock would fall
in price? The president of the trust
and hi friends. It was the president
and his associates who caused the stock
to fall.
Thick of the power which the trust
rctm twit in Mr.
Gates hands: lie
could plan to buy or sell and could let
hu friend3 into the secret He could
reward any senator or representative
who had been friendly in congress or
whose support was needed in the future
by letting him know enough to get in on
the right side of the stock market. That
wouli'not be bribery. That would not
be an indictable offence under the law.
Who could juetkm the right of the
wire and steel trust to give its friends in
congress and out a little useful commer
cial information?
May a man not tell his neighbor a se
cret of his own business if he wishes to?
Is it a criine to give a friend a profitable
hint? Surely not? Who can say that
the wire and steel trust, after it had pre
pared its giant trap in Wall street for
the public did not generously avail itself
of this occasion to take care of iU friends
in Washington?
Does any man of common sense doubt
that if there was a member of congress
or a powerful officer of the Mc Kin ley ad
ministration who had been a true friend
to the wire and steel trust, he was al
lowed to get a chance to glean some
thing in this magnificent 114,000,000
harvest?
The trust system has introduced a
new form of bribery, a thousand times
more scientific and subtle than the vul
gar and perilous direct transfer of trace
able checks or cash- Besides, it consorts
more with the dignity of a legislator or
other public officer; it is an easier ave
nue of approach to his conscience and
le. cresrnant with rspfoacU to receive
.HYPNOTISM.
Lira rntohy pnotien
and Control the
mind of others;
make people 1ot
atuiobfT vou : rain
(A wJm yoa wish
fl.
make fan by the
hour. Piease the
old tndl h vonnc
irfto.ntNHa oaa naDits. fcTerr known
fcerrrt tUvf-cxurkJr tanht by maiL Lare Ulas
trated lettBuct aod fall particoiart tor 6c to nay
tuur. Addmt ail orders to Prof. C E. Wil
ucu tn $13. L-htcoin. Xeb.
..CANCERS ID TUMORS..
Clt4 at IIviua. Th only Paialea I'erma
nrmt cr a ptii& Ut intelligence. En
(larned br a thousand r'hrtieu.ss. tiend 6c
1 auunpa for flletratd book. Refreace of
3 -ur: J. B. Gibt. Battle Creek. Neb-.- F. H.
i Trtr bridge. Sie:h- Neb.: Mr. l E. Babcock,
j 1 ur
t M?? tirrii
Jnn. li. ilarrim. 258 Kern-
Ctr-iMsti. Ohio. . iletj,tion thia Da
ft, ua wiLh oa.
Ap
Ja-,, SUPPLIES
lcJiJ Bec-Hivcs.
5 styles'). Also Sections, Veils, Smok
ers. Honey Knives. Hire Tools, Alsike
and Sweet Clover Seed, Books on Bee
Culture, Etc Address
FA SrVFI I MtixriKiEviLLE,
SI. CARKGLL CO.. ILL.
Hayden
1029
OST.
Photographer
Oar prices are right; our work the best.
1023 O street Over Famous, Lincoln,
information that on a certain day or
thereabouts the bottom will drop out of
Wire and steel stock.
When the trap was prepared and every
useful man had been remembered a
whisk of the pn and $14,000,000 changed
hands in Wall street.
It was a safe speculation. The man
agement of the wire and steel trust could
raise or lower the price of its stock at
will. No one could guess what was com
ing. Not even the six thousand unfor
tunate and unoffending workmen had a
day's warning.
Business was booming at least $12,
102,530 had been earned on $40,000,000,
and prices were kept up to the highest
boom standard. There was no sign, no
hint, no taintest shadow of suggestion
that there was any reason for closing
the six factories. One would have
thought that, as the trust was making
31 per cent profit on its investment, it
would lower prices aad keep its factories
going.. But Mr. Gates has shown that
the ordinary citizen does .not under
stand the really scientific nature of the
trust system.
And is there no power to punish a
great offense like this? Mr. Harm a says
that the trusts should be let alone."
Attorney-General Griggs, who was placed
in office by Mr. McKinley, refuses to
drag this corporate monster to justice.
The Anti-Trust law lies dead; the Su
preme Court, which declared to be both
constitutional and necessary, is scorned;
thousands of faithful workmen are flung
into the gutter without a crust of bread,
millions and millions of dollars are
wrung from the pockets of the already
poor farmers, and then, with an ease
that has astounded those who have not
hitherto observed the appalling power
of the new system, the trust enters Wall
street and loots the country of $14,000,
000 in two weeks.
This wire and steel trust was organ
ized a little more than a year ago. And
remember that in the past year the cap
italization of the trusts incorporated in
the state of New Jersey alone amounts
to $2,640,000,000.
Do you realize how swiftly the change
is occurring? The door of opportunity
is being closed upon the young men of
the nation, crime on a great scale laughs
at law, and every avenue of political and
official life is polluted. The trust sys
tem has invented a new form of bribery.
Serve Mr. Havemeyer of the sugar
trust, and he can raise or lower the price
of sugar stock at will and make or break
your fortune without spending a dollar
of his own or the trust's money. Sell
your vote and your influence to Mr.
Kockefeller and he has but to give you
a hint before he signs a paper changing
the price of oil and you are a rich man.
This thing is to be voted on by the
American people in November. Is it to
go on or is it to stop? The Supreme
Court of the United States says that
the present anti-trust law is adequate to
reach the criminals. But Mr. Hanna
says no.
Mr. Griggs, "who was placed in the attorney-general's
office by Mr. McKinley,
because he was the choice of the New
Jersey trusts, refuses to act.
Are the crimes of the trusts against
the country more likely to be punished
by a government which sincerely at
tempts to break up the system of indus
trial monopoly or by a government
elected and controlled by the men who
own the trusts? James Creelman.
Farm Implernsnt Bargains
"Wind mill, new, Cornell make.
Two Black Hawk Corn planters.
Lumber wagons.
Mowers.
Feed cutters.
Other articles too numerous to men
tion. All in first class condition, will
be sold at less than wholesale price.
W. J. D. COUNTS.
University Place, Nebr.
The Peter Cooper Banquet
The dollar banquet tendered by the
Peter Cooper club at Omaha Monday
night was a pronounced success.
About 750 persons sat down to dinner
shortly after 7 o'clock, probably one-
third or more of the number being
delegates to the national convention
at Sioux Falls. Delegates were pres
ent from Texas, Oklahoma, Kansas,
Colorado, South Dakota, and Pennsyl
vania. President Yeiser acted as
toastmaster, and introduced Hon. El
mer E. Thomas of Omaha who wel
comed the guests on behalf of the
reter uooper ciud, "tne largest popu
list club in the world." Mr. Thomas
was in his happiest mood and made
many telling hits in his speech.
Gov. Poynter won a great deal of
applause in responding to the toast,
f opuiism s i1 uiure, wnicn tne gov
ernor painted in optimistic colors. He
received the nistory of populism and
ueclared that if the pc alist party
had done nothing more than to bring
about the rejuvenation of the dem
ocratic party, it naa accompasnel a
noble end.
Hon. T. M. Patterson of Colorado
was introduced as a substitute for
Gen. Weaver, who was unable to be
present, jir. t'atterson s speecn was
oasea upon wnat tne coming conven
tions ougiit to do, and contained much
good, sound advice to delegates. At
intervals he would illustrate a point
by a story, one or which is too good
to let pass. "A certain, man travel
ing in Arkansas took occasion to via
me cemetery, upon one stately mar
ble shaft was chiseled, 'Here lies
repuDiican ana a patriot. ine man
read and re-read the inseription:
scratched his head and read again. A
stranger came that way and inquired
the cause of his perplexity. "Why,
said the visitor, "I cannot see, for the
life of me, where land is so cheap and
so plentiful, why In the world it is
necessary to bury two men in one
grave!"
Harry Tracy of Texas, Dr. J. H
Girdner of Pennsylvania, and John W.
Breidenthal of Kansas spoke briefly
out eloquently.
Mr. Bryan followed In one of bis
characteristic speeches, pointing out
the stronger claims In 1900 for a, co
operation of all the forces of refenn.
Ana won. j. n. i"uycione") Davis en
tertained the guests a few minutes
and the delegates hastened away to
board the special train for Sioux Falls,
feeling that their stop at Omaha had
been one of pleasure and profit.
CALL FOR STATE CONVENTION
, People Independent Party.
The-electors of tle peoples independ
ent party of Nebraska are hereby noti
fied -hat on the 11 day of July A.D.
1900 at 3:00 o'clock p. m. sharp, in tne
auditorium, city -of Lincoln and state
of Nebraska, there will be held a con
vention of. delegates from the several
counties of said state, representing
the people's independent party.
The convention is called for the pur
pose of nominating candidates for
governor, lieutenant governor, secre
tary of state,, auditor of public ac
counts, treasurer, superintendent of
public instruction, attorney general,
commissioner of public lands and
buildings, , eight presidential electors
and one state cencral committeeman
for each county and such other busi
ness as may properly come before the
convention.
The basis of representation is one
delegate at large for each county and
one delegate for each one hundred
votes or major fraction thereof cast
for Hon. Silas A. Holcomb, for judge
of the supreme court in. the .election
ot lo39, entitling the several counties
to representation as follows:
Adams .
Antelope ...
Banner.....
Blaine......
Boone
Box Butte..
Boyd J
Brown......
...."22
.... 14
.... 2
2
....14
.... -6
9
.... 5
.... 3
.... 13
..i. 23
.... 24
17
.... 4'
.... 8
.... 6
.... 21
.... 14
Kearney 14
Keith 4
Keya Paha . ... ..... 5
Kimball 2
Knox 19
. Lancaster 47
Lincoln 13
Logan 3
Loop 3
Madison 16
McPherson..'. 2
Merrick 12
- Nance.. .- 10
Xemeha. IS
Nuckolls 16
Otoe 23
Pawnee 12
Perkins ............ 4
Phelps 14
Pierce 10
Platte. 21
Polk 15
Red Willow 12
. Richardson 25
Rock 4
. Saline 22
Sarpy ll
Sannders...: 27
Scott's Blnff 4
Seward 19
, Sheridan. 9
Sherman "9
Surax.i 4
Stanton 9
Thayer 17
Thomas 2
Thurston 9
Valley 10
Washington ... 15
Wayne 11
.- Webster 13
Wheeler 3
York 20
tfunaio.
Burt
Butler
Cass
Cedar ....
Chase ...... ....
Ceerry
Cheyenne ......
Clay
Colfax
Cumin ........
13
Custer 25"
Dakota... 3
Dawes 8.
Dawson 16
Deuel ,14 .
Dixon 12
Dodge 23
Douglas 105
Dundy.... .- 4
Filmore 21
Franklin .13
Frontier. ....... It
Furnas..... IS
Gage I.... 28
Garfield 4
Gosper 7
Grant 2
Greeley 9
UaU.... SJ
Hamilton 13
Harlan....- 14
Hayes 5
Hitchcock 7
Holt 18
Hooter 2.
Howard 14'
Total
.1226
Jefferson 16
Johnson 12
The secretary of each county conTen-
tion called in pursuance of this call is
requested to forward credentials of dele
gates as soon as possible to F. L. Mary,
secretary, Ldncolnv Neb.
By order of the People s Independent
state central committee.
J. H. Edmistes, Chairman.
F. L. MARY.-Secretary.
Lancaster County Convention
The peoples independent county con
vention to select delegates to the state
and congressional conventions will be
held in the auditorium at Lincoln,
Thursday, -iay .7 at - p. m. Primar-
iea are recommended to De neid Sat
urday, May 12. It has been thought
wise to defer making county nomina
tions until later in the season.
Silver Republican County Convention
Lincoln, Neb., May S, 1900.
The silver , republican electors of
Lancaster County are requested to
send aelegates to a county convention
to be held in Lincoln, May 17, 1900, for
the purpose of electing delegates to
the state and congressional conven
tions. -
The representation will be one dele
gate for each 20 votes cast for Hon.
J. L. Teeter at the last general elec
tion. Each ward and precinct will be
entitled to the following number of
delegates: - -
1st ward II
2nd ward .... 10
3rd ward 14
4th ward 20
5th ward ..... 19
6th ward ..... '12
7th war 12
Middle Creek..
Mills
Nemaha
No. Bluffs ....
Oak
Olive Branch..
Panama
Rock Creek ..
Buda Precinct,
Centerville ...
Denton
Elk
Grant
College View. .
Garfield
Highland . . . .
Lancaster. ....
Little Salt
F. B.
5
4
3
4
2
3
4
16
Saltilla 6
So. Pass ....
SaltCreek.. .
Stockton 4
Waverly 4
West Lincoln.
West Oak . . .
Yankee Hill .
3
HUMPHREY, Secy.
Fusion Candidates Talked Of
Manv candidates for nomination on
the fusion state ticket are being brought
forward in various parts of the state, so
the conventions will not be compelled to
select unsuitable timber because of any
dearth of candidates. It seems quite gen
erally conceded that Governor Poynter
is entitled to renomination, although
there is some opposition being mani
fested here and there. Hon. John O.
Yeiser, Judge W. II. Westover, and Hon.
R. D. Sutherland, are also being men
tioned in connection with this nomina?
tion. All are populists. For state treas
urer, Hon. G." A. Luikart of Madison, a
democrat, and Hon. Peter Ebbeson of
St. Paul, a populist, are most frequently
mentioned in the county press. Hon.
W. B. Morrison of Lancaster is also
being urged by Lancaster county demo
crats. The office of auditor of public accounts
has a number of seekers good men, too.
Hon. C. P. Wheeler of Beaver City and
Editor Kelly of the Fremont Leader
seem to have about equal support among
the populists. -Hon. Henry Schlottfeldt
of Grand Island is being urged by the
democrats of his vicinity. Editor How
ard of the Papillion Times, who at one
time seemed to have the inside track of
the democratic wing, and many populist
admirers, has, it is asserted decided to
give the Hon. Dave Mercer a taste of
hand-shaking campaign, in response to
urgent requests of prominent democrats
in the Second District. The Press Letter
believes that if any democrat can win
back the Dave Mercer democrats, Judge
Howard is thsu man who can do it. Hon.
"I W. B. Price; at : present deputy - insur
a nee commissioner, is being urged by
his friends to aspire to the nomination
for auditor; he has, however, declined to
make any canvass for the place because
he feels that there is considerable preju
dice against the practice of promoting
subordinate officers, although that is in
harmony with the idea of civil service.
The office of secretary of state will not
go begging. Hon. C. V. Svoboda, a prom
inent business man of St. Paul, . repre
senting the Bohemian-Americans, has'
many admirers. Hon. O. C. Weesner,
the present deputy secretary, although
making-no active canvass for the place,
would feel gratified by the nomination.
Hon. J. E. Peterson of Polk county is
being urged by his friends as a capable
man and representing the Swedish
Americans. For commissioner of public lands and
buildings the Nebraska Independent
will next week bring out the name of
Hon. Sidney J. Kent, the present deputy
commissioner of labor, as a representa
tive of organized labor. -. Mr. Kent made
a magnificent canvass for this ofSce in
1894, being defeated in a three cornered
fight by a small plurality. Hon. J. H.
Wright of Nuckolls county is also prom
inently mentioned for the nomination.
The office of superintendent of public
instruction is considered non-political,
and it is probable that the usual preju
dices against the promotion of deputies
may not extend to this office. Professor
J. A. Beck, the present deputy, has
many warm friends over the state rug
ing his nomination. Professor Oliver of
Cass county" is another populist who
would honor the office by his incum
bency. Editor Smith of the Seward Independent-Democrat
is out in a letter
urging the desirability of nominating
Professor U. O. Anderson of Seward, a
man who stands high in the estimation
of his fellow citizens, both as a citizen
and an educator.
For attorney-general, Hon. Willis D.
Oldham seems to be the only democrat
mentioned; but in case the office should
be allotted to the populists. Hon. Elmer
E. Thomas cf Douglas, Hon. W. H.
Barnes of Jefferson, Hon. E. O. Kret
singer of Gage, and Hon. H. M. Mathew
of Sherman, are among the possibilities.
There are probably other candidates
whose names have escaped our notice;
but so far, among those mentioned, not
one has been brought forward but would
fill the office with credit to himself and
the state. Let the best men win,
and all the rest take off their coats and
work for the ticket. DeFbascb.
Loss of Wealth in Foreign Trade
I am in receipt of numerous letters
making inquiries about and objections to
some things I have written on the sub
ject of trade with foreign countries. I
have said that since I860 our national
wealth has not been increased by for
eign trade. On the contrary our foreign
trade reports-indicate a large loss, al
most all of which has occurred since
1873. I insist that the excess of exports
shown by the trade reports is the meas
ure of that loss. I insist that the debts
at present held by foreign countries
against the government and our people
make the measure of an additional loss
that we must stand in the future. These
assertions astonish many, who have given
the subject no considerable study, and
some of those whs have. They are the
basis of most of the inquiries and objec
tkms that I have received. The fact that
a part at least of the excess of exports,
month by month, shown in the reports
of the treasury department, is paid on
debts held abroad, appears to be confus
ing, and I am asked how I can regard
what is applied in payment of debts as a
loss.
Many of the inquiries come from per
sons who do not appear to have seen my
summary of the treasury reports pub
lished last y sar, in which this question
was considered. Or, is it possible that
in trying to be brief, I have failed to be
clear? I want it observed that I say
"measure of that loss." In the consid
eration of this subject, there are certain
fundamental facts and propositions that
must be remembered, and the full im
port of which must be realized.
1. Merchandise, gold and silver are the
only subjects of import and export.
There is no . possible way by which
wealth can come into or go out of this
country except in one of these three
forms.
2. When a debt is contracted, it is for
something the debtor receives. If the
debtor receives nothing, then the debt is
without consideration. If a debt with
out consideration is never paid, the
creditor loses nothing, and the debtor
gains nothing. If such a debt is paid,
the debtor loses and the creditor gains
the amount paid on the debt.
3. If a debt is contracted by our gov
ernment, or by any of our people, in a
foreign-country, and our nation receives
any consideration for the debt so con
tracted, that consideration must be rep
resented by an import. If it is then
paid, it will be represented by an export
and the payment would not be a loss. If
there has never been any import as the
consideration for the debt contracted,
and the debt is paid by an export, that
export will measure the loss of national
wealth by the transition.
4. There is a large debt held against
us in foreign countries at this time, vari
ously estimated at from five billions to
ten billions of dollars, une of two
things must be true. Either this debt
represents what we have received from
foreign countries in merchandise, gold or
silver, or the debt is without considera
tion. Whatever we received is included
in the treasury report of imports.
5. There can be no question that the
debts held in this country against for
eign countries is very small in compari
son with debts held in foreign countries
against us. This, I believe, no recog
nized authority disputes- What, then,"
ought to be the relation between our im
ports and our exports? Clearly they
ought to show that our imports of either
merchandise, gold or silver exceeded our.
exports by a large amount. If it be true
that the imports do not exceed the ex
ports, then the existing debts held in
foreign countries represent an equiva
lent debt contracted at some, time, for
which there is no consideration whatever
accruinc to us as a nation. :
6. Prior to 1S60 the debts held against
us in foreign countries, or held by , us
against foreign countries, were very small,
practically nothing. Now, as already
stated, the debts held m foreign coun-
I tries against us in excess of the debts
1 held in this country against them is very
1
Rtid
ge
COMPANY,
COMPLETE
H O US E
FURNISHERS
Send for our
May Sale Go Carts
Most Complete Stock. Most Reasonable Prices. ,
For Instance:
C "7 C for ibis adjustable back Sleeper Go
yJi I v) Cart, made of rattan and turned
wood : neat and strong ; has patent spring,
patent brake, rubber tires, wheels with
the "can't -come off". cw patent wheel
fastener. Most stares ask $7.50 this
week $5.73.
Made of turned -wod, carved bottom, uphol
stered in denim, sateen parasol, scalloped dw,
patent iootbrafce. rnboer tire -wneeis, o c flfl
bestTalne ever offered Special this A3,lJU
week.... .. ...... ..... ....................
Largest stock of Furniture, Carpets, Draperies,
Queensware and Hardware in the West.
large. The reports of tne treasury de
partment show that from June 30, 1860,
to Dec 3L 1899, not only has there been
-no execess of imports to account for this I
enormous debt, but the excess of exports !
of merchandise, gold and silver exceeds
all imports by 13,925,161,124
V Tha .conclusion follows, with the
certainty of - mathematical demonstra
tration, that every dollar of excess of ex
ports since 1860 measures a loss of na-'
tional wealth. The conclusion is equally
certain that the debts held against us
in foreign countries, less the debts held
against foreign countries by us, is the
measure of the additional loss that we
will have 'sustained- -when that debt is
paid?
It is not necessary in showing that a
loss occurred, to explain in detail how it
came about. It may be impossible to do
this with complete accuracy. Some very
important factors, however, may be
mentioned: -
1. The sale of our national bonds at
fifty and sixty cents on the dollar with
manipulations that have raised the price
of these securities to a premium.
2. Foreign capital invested in our local
enterprises, and then stocked and bond
ed to five and ten times the amount act
ually invested, the difference between
the capital invested and - the stock and
bonds-being represented by our fran
chises that cost the manipulators noth
ing, these bonds being held by the alien
owners of the capital invested.
3. Alien ownership of land, by which
is taken away each year a large part of
our agricultural products, for which
nothing ever comes back to us.
A careful consideration, of these facts
and propositions, it seems to me, ought
to settle once for all the explanation so
frequently offered to account for our ex
cess of exports by asserting that they
are paid upon the debts we owe in for
eign countries.
Much confusion has been caused in
the public mind by repeated references
in the public press to- the importation
and exportion of. merchandise. It is as
sumed that where there is a large excess
of export of merchandise over the im
port, that or products and our business
is being benefitted by the large sales.
The impression is left upon the public
mind that we must, therefore, as a na
tion, be increasing our wealth by these
sales. It is forgotten that there aretwo
other items involved in foreign trade,
gold and silver, and that they must be
included in the calculation. If, by an
export of merchandise, we are increasing
our wealth, that wealth must be repre
sented by something that can be im
ported. ' Fn&vius J. Vau Vokhis.
Eire, Lightning, Cyclone
The storms are coming your way.
Are you prepared for them. ou may
be the next one to suffer. Is your
property so protected that you will
not be deprived of home and property
without having made provisions for
them in the way of insurance? This is
the time of year to look up your in
surance policies, nave you aone sot
Do vou know the- great FARMERS
MUTUAL INSURANCE COMPANY
OF LINCOLN. NEBRASKA, and have
you your policy with them? If you
have, and your property. Is fully cov
ered, vou can rest secure. In 1899
this company paid 431 losses amount
Ine to f 39.000, and not a single con
tested claim during the entire year.
This is a conservative company and
their business is' conducted on sound
principles, and their members are sat
isfied.with them. If you have not your
Insurance with this company, why not
take out a policy with them at once
If you are insured In a stock company,
why do you remain with them? Why
no v insure in a safe company, where
the business is carried for less than
Lincoln,
Nebraska.
New Catalogue.
and Baby Carriages
Made of wood and rattan, steel gear, robber
tire wheels, adjustable foot rest ; not
the cheapest made but the best cheap Q Q Cfl
one.
VUIWW
Extra large Carriage, has patent steel
gear and brake; anti-grease, never-come-off
wheels rubber tires; silk parasol with
fancy ruffle edge, removable
upholstery, silk plueh roll,'
special
one-third .neir rates? Tornadoes
have already visited a number of por
tions of the state this season; Jight
mng losses have been numerous; "fires
will come; the .wise man will prepare
for them. Look up your policies at
once and write to the Farmers Mutual
nsurance Company, Drawer 1019, and
you will receive, prompt attention, v-i
there is an "agent for this company In
your vicinity do not wait for nra to
call upon you, as they are verjf busy
and- may be delayed. Call upon the
agent or write the company at once.
FARMERS MUTUAL INSURANCE
COMPANY OF NEBRASKA. 1241 O
St. Lincoln,. Nebraska. .
Young Portorico
Senator Beveridge of Indiana in a
speech said, in reference to education
in Puerto Rico, that our hope is in
the rising generation. There should
ue a school house on every hill, where
the children should be taught Amertr
n history. Is not the senator in
advocating such a measure treading
on the' ragged edge of treason? Think
of filling the heads of the young Puerto
Ricans with the "no-taxation-without-
representation" story of the Boston
tea party, or the principles of the dec
laration of independence and how our
forefathers rebelled against Great
Britain because she Imposed upon
them a burden of unjust taxation!
This injudicious teaching v would tend
to incite the young Puerto Ricans to
emulate .so worthy an example, and
rebellion would ensue. They should be
taught they are an inferior race who
should be thankful that they can enjoy
the blessed sunshine of Anglo-Saxon
civilization and taxation; that it is a
high privilege to pay taxes to supply
lat joos to a lot of Americans who have
condescended to relinquish homes and
firesides for the purpose of exercising
a benign, fatherly , rule over them,
while benevolently assimilating the
products of their labor. Andrew Car
negie should be sent as chief preceptor
to teach them the blessedness of pov
erty and the benevolent mission of
trusts, while the magnates of the sugar
and tobacco trusts furnish object les
sons, what is liberty and the rights
guaranteed by the constitution to such
high privilege! Flavius J. VanVorhis
in National Rural.
P
0
I have naa
oar valuable
CASCA
tbe
without them. I have used them for seme time
for indigestion ana biliousness aad am now com
pletely cared. Becommend them, to every one.
Once tried, too will ceTer be without them la
the tamily." Edw. A. Marx, Albany, N. Y.
Pleasant. Palatable. Potent. Taste Good. Do
Good, Never Sicken. Weaken, or Gripe. 10c, 2oc. 60 o.
... CURE CONSTIPATION. ...
Vmf Mrmtj Cwwr, Chita atr.ll, Xw Trk. 3tt
UU I U'UMW auta to ClittJi Tobacco liable
$115 For Letters About Nebraska. 'i
- The passenger department of the B,
&M. R. R. offers thirteen cash prizes
aggregating $115 for letters about Ne
braska. Particulars of the contest,
which is Open to all, can be had by ad
dressing J. Francis, G. P. A., Ocaha.
$9.90
yCSN CANDY
I I Vi.y CATHARTIC
. TKADf maak amawTwro,