2
THE NEBRASKA INDEPENDENT
October 17, 1901
ARE YOUR ;
KI
P
DNEYS WEAK?
Thousands Have Kidney Trouble
and Never Susoect it.
To Prove Whit the Great Kidney Remedy, Swamp-Root, Will Do For
YOU, Every Reader cf The Independent May Have a Sample
Settle Sent Absolutely Free by Mail.
It U to bo couMderrd that only urinary and
Madder trouble were to b traced to the kidneys,
but cow modern science proves that nearly all
dieeaaee have their beginning in the disorder of
theee mast important organs.
The kidney filter and purify the blood that is
their work.
Therefore, when your kidneys are week or out
cf order, you can understand how quickly your
entire body ia affected, and how -very organ
aeems to fall to do its duty. .
If you are sick or "feel badly, begin taking the
famous sew discovery, Dr. Kilmer's Swamp-Boot
because as soon as your kidneys are well they will
help all the other organs to health. A trial will
convince anyone.
Weak and unhealthy kidneys are responsible
for many kinds of diseases, and if permitted to
continue much Buffering with fatal results are
sure to follow. Kidney trouble irritates the nerves.
makes you dizxy, restless, sleepless and irritable.
! 'Makes you pass water often during the day and
oblige you to get up many times during the night.
i, Unhealthy kidneys cause ' rheumatism, gravel,
" catarrh of the bladder, pain or dull ache in the
back, joints and muscles; makes your head ache
V and back ache, causes indigestion, stomach and
- lirer trouble, you get a sallow, yellow complexion,
I makes you feel as though you bad heart trouble;
I you may have plenty of ambition, but no strength;
I get weak and waste away.
J The cure for thees troubles is Dr. Kilmer's
f Swamp-Root, the world-famous kidney remedy.
I In taking Swamp-Root you afford natural help
to Nature, for Swamp-Root is the most perfect
healer and gentle aid to the kidneys that is known
" ! to medical science.
. J If there is any doubt in your mind as to your
' i condition, take from your urine on rising about
lour ounce, place it in a glass or bottle and let it
stand twenty-four hours. If on examination it is
milky or cloudy, if there is a brick-dust settling,
or if email particles float about in it, your kidneys
are in need of immediate attention.
Swamp-Root is pleasant to take and ia used in
the loading boepitala, recommended by physicians
in their private practice, and is taken by doctors
themselves who have kidney ailments, because
they recognize in it the greatest and most success
full remedy for kidney, liver and bladder troubles.
EDITORIAL NOTE If you haTe the slightest symptoms of kidney or bladder
trouble. yr if there is a trace of it ia your family history, send at once to Dr. Kilmer
-4 Co, iheghampton. N. Y who will gladly send you by mail, immediately, without
cxwt to you. a sample bottle of Swamp Root and a book containing many of the
thraada upon thousands cf testimonial letters received from men and women
cared. Ia writing, be sure to say that you read this generous offer in the Neb
raska Independent.
SWAEP-ROOT
cvat
x Kixra'a co.
CSwaatKoet l plea ma t tt take
If you are already convinced
that bwamp-Root is what you
need, you can purchase the
regular ffty-cent and ee
d'xiar size bottles at the drug
store everywhere.
eo-ssty central committee. Falrbury,
tiJSfO, contributed by the following pre
cincts: Pleasant. $1X0; Richland.
IIJD; Plymouth. SU4: Rock Creek.
tl.M. Total. t:o: balance still due.
111.29. W. F. Cramb, chairman coun
ty ccmsJtttee, demands a correction
o? tbe lerort la Independent cf Sep
tember 25: declares that no money
was raie4 at the county convention
for any purpose whatever.
LANCASTER Pre Sou I v acknowl
edged. IU.CS; -Cash." WaTcrly. 13.
Total. J 105: balance dae. 15.5.
PLATTI-Prerioufcly acknowledged.
tS. belrg amount la fall. Hon. I. L.
Albert. Ccl-mbrs. tllZO. Total.
This makes llatte overpaid J 11X3.
SHERMAN- Previously acknowl
edged. 115; II. JL Matbew. state
committeeman. Loup City. J3.7S. To
tal. $1S. lisrrab for Eberman She is
fsl.'y paid cp.
There is still a balance of $l,0S".(rC
da from 4 counties. If oce-nalf this
amount 1 jail la within the next ten
tie old debt can be paid up in
falL
Are the Filipinos Capable
of Scll-Qovcrnment?
If the intelligence cf the Americans
is to be taken as the standard by which
the capacity for eeif-rovemmest is to
be determined, then It Is very doubtful
whether any ether people are capable
of establishing and maintaining a re
publican form of government. Every
eoantxy has people f high and low
order of intelligence, and if we are
to areme that the men of lowest order
cf clviilzatkm are to rule, we might
exclude frcm aelf-jrovernraent every
cation on earth. It is the experience
cf mankind, however, that the Intelli
gent laaaes fa all the countries rule.
That being true, there are very few
peop!es who ara cot capable of self
goversmRt,. Jt was Henry Clay who
aid that it was Impossible for him to
conctiTt J a people wLo were incap
able of self-gOTemment.
Of the republics of Central and South
Aaerbja. it it safe to say that, al
though they may not be as perfect ia
the adminlrtratica of aZairs as the
United 5tales. yet they have given to
the people governments far better and
freer from acts cf tyranny and oppres
sion than the governments which pro
ceeded them.
The general impression exists among
many Americans that the Philippine
people are savages. A iait to the isl
ands will certainly dispel any such
dehsaioa. Tie members cf the unciv
ilized tribes of the archipelago are few
ta number, compared to the total pop
ulation they are fewer la proportion
than were the tribes of Indians ia Am
erica, at the time of the establishment
of our republic They rove ia bands
and are as hostile to the Filipinos as
were the red mea to our forefathers.
When I 2nd behind the prescription
desks cf the snmerous drug stores cf
the islands, even when kept by Ameri
cans and Esgitihmen. Filipinos com
jouadirs medicines taken from bot
les labeled fa Latin; when I see be
hind the coaster cf banks haring
larre capital, natives acting as bock
keepers and as receiving and paying
Utters; whet I find them as merchants
and clerks ia almost all lines of busi
ts, telegraph curators and ticket
v.
agents, conductors and engineers upon
railroads and as musicians rendering
upon almost all instruments high class
music; when I am told that thv 1o-ie
make the observations and intricate
calculations at the Manila ouservalory
and that prior to the insurrection
there were 2.100 schools in the Islands
and 5.000 students In attendance at the
Manila university; when I find the bet
ter class living In good, substantial
and sometimes elegant houses, and
many of them pursuing professional
occupations. I cannot but conclude that
It Is a vile slander to compare these
people to the Apaches or the American
Indlara. Even the civilizing test of
Christianity is In their favor, as a
greater proportion are members of the
church than among our own people.
Of. the 8,000,000 of inhabitants, Mr.
Sawyer, in his work on the Philip
pine Islands; asserts that 5,869,000 are
Christian natives.
But even as to the Indians, as un
civilized as they may be, our govern
ment recognizes that it produces a bet
ter condition of thlnes to let them gov
ern themselves, and thereby we even
recognize In them a capacity for self
government. We do not rule them
we make treaties with them as we do
with nations. We do not appoint a
governor or commission to govern
them, nor Judges to administer laws
among them, nor a police fores to
maintain order. We let them select
thtir own chiefs, punish their own
criminals, and in every way govern
themselves so long as they stay on
their own reservations.
The Instinct of self-government im
rlanted In man makes him ordinarily
a better agent In managing his own
family and affairs than would be one
of greater ability or higher education
without that Interest. And as with
man, so with nations, that same prin
ciple' of " self -betterment : ordinarily
makes each nation most, capable of
managing its affairs to tho advance
ment of Its own people.
No better Illustration of this can be
found than in the action of the mem
bers of the civil commission of the
Philippine Islands in fixing official sal
aries to be paid out of fuada collected
from the people of a poor and alien
race. They voted to the governor,
who Is a member of the commission,
a salary of J 15. 000 per annum and $15
a day for subsistence, making in the
aggregate a salary of $20,875 a year.
The governor is also furnished a fine
house ia which to reside. To each of
the commissloa thev voted
satlon. including subsistence of $15,000
per annum. They voted a yearly salary
of $7,500 to the secretary cf the com
mission, of $7,000 to each of the six
(an exceedingly large number) asso
ciate justices of the supreme court, of
$7,500 to the chief justice, of $6,000 to
the treasurer, of $5,000 to the director
general of posts, and of $6,000 to the
collector of customs. All of these sal
aries are payable In gold. I do not
wish to Impugn , the honesty of the
commissioners, but to call attention
to the fact that such action natural
ly grows out of the attempt of one
people to govern another. If that commission-
were responsible to a con
stituency, does any one Imagine that
such salaries would have been voted?
The aggregate area of the Philippine
islands Is 115,300 square miles, a little
less than that of the territory of New
Mexico, yet the governor of Mexico re
ceives only $3,000 per annum, and Is
not allowed anything for subsistence
nor furnished with an executive man
sion. Think of a commissioner, appointed
from Washington (a place 10,000 miles
from the Philippine islands) composed
of men who never saw the land they
govern prior to the Spanish war, who
do not speak or read the language of
the Philippine people, and who are not
even of the same race as their subjects,
voting to each member a salary which
is nearly double that of a cabinet offi
cer of the greatest nation of the world,
and three times that of a senator of
the United States, and voting to a ter
ritorial governor a salary more than
double that of the governor of the
wealthiest state in the union. How
must such action appear to the Fili
pino laborer, who, furnishing his own
food and lodging, earns but twenty-five
cents in gold a day! It must be re
membered that wealth Is nothing more
than stored labor, and that In the last
analysis labor in one form or another
pays all taxes. Such action cannot
but make the little brown man doubt
the ability of one nation to give good
government to another. Does not the
conflict of interest between us and the
Philippine people, arising from the
growing of competing stable products,
render us incapable of governing them
to their best interest? We know that
it will be to the welfare of the isl
ands to give free trade with the United
States. American, Spaniards and Fili
pinos there unanimously agree that the
Islands can never be well developed
without it, yet the very fact that we
hesitate in the matter, shows that we
are consulting our own interest instead
of theirs. No matter how learned and
Just the judge may be, the ethics of
our Jurisprudence has determined that
he is incapacitated from deciding a
case when his own interest might be
affected. Nations are but aggregations
of individuals and are subject to the
same influences.
The Filipino is not a bold, warlike
or unruly person; he impresses every
one as of a shrinking, submissive, kind
nature and as one who will suffer great
wrongs before he will resist. Such
people always appeal to the law and
support good government. They have
not the tendency of the Spaniard to
ward revolution. The revolts in which
they have participated have been to
overthrow Spanish reigns of terror,
almost equal in barbarity to that of
the Duke of Alya in the Netherlands.
The brief experience they had in
self-government prior to the insur
rection, was entirely in their favor.
They established a government mo
deled after our own. Their state pa
pers would have done credit to any na
tion. They Inaugurated good judicial,
school and revenue systems and pre
served law and order.
Consul Barrett, a strong supporter
of the present administration, wrote
of the hundred men who composed the
Philippine congress as follows:
"These men, whose sessions I re
peatedly attended, conducted them
selves with great decorum and showed
a . knowledge of debate and parlia
mentary law that would compare
favorably with the Japanese parlia
ment. The executive portion of the
government was made up of a ministry
of bright men, who seemed to under
stand their respective positions."
Consul-General Wildman, an ap
pointee of the president, speaking of
the Philippine government, said:
"Aguinaldo has made life and property
safe, preserved order, and encouraged
a continuation of agricultural pur
suits. He has made brigandage and
loot Impossible, respected private prop
erty, forbidden excess either in re
venge or in the name of the state, and
made a woman's honor safe, in Luzon,
than it has been in three hundred
years."
Admiral Dewey, it will be remem
bered, cabled: "These people are far
superior in their intelligence, and more
capable of self-government than the
natives of Cuba; and I am familiar
with both races."
The best evidence of the ability of
the Philippine people to govern them
selves, is that they possess a large in
telligent class, thoroughly identified
in interest with the islands and cap
able of administering good govern
ment. The civil commission has rec
ognized this ability by recently adding
three native members to that govern
ing body; by appointing three Fill
pins judges of the supreme court; by
selecting about half of the judges of
the first Instance and nearly all the
governors of the provinces from that
race; and by appointing a solicitor
general and many other officers from
the" natives. Are these officials not in
the governing business, and do they
not perform their work as well as the
Americans? Is it possible that they
are capable of governing because they
were appointed by the representatives
of a distant nation? Would they lose
that ability if elected or chosen by
properly constituted authority of their
own? In the latter event they would
make far better officers, because they
would consult only the interest of
their own people instead of that of a
nation 7,000 miles away.
The law of our being is that "the
Just powers of government are derived
from the consent of the governed."
Then why continue a policy which
means the continuing loss of millions
to the government, the weakening of
the military power of the nation and
the destruction of the policy under
which we have grown so great? Why
not be true to our nature and fulfill
the prayer of Lincoln that government
of the people, for the people and by
the people shall not perish from the
earth."
JOHN F. SHAFROTH.
Manila, P. I.
How Are Tone Kidneys r
Dr. Hobbs' 8parasrns Pills care all kidney 111a. Sam
ple free. Add. Sterling Remedy O . Ciicturo or N. Y
- Cancars
Cured
Why suffer pain and death from can
cer? DR. T. O'CONNOR cures can
cers, tumors, and wens; no knife, blood
or plaster. Address 1S06 O street, Lin
coln, Nebraska,
To make cows pay, usa sharpies Cream
Separator. Book 'Business Dalrjins" and
Catalosn 270 free. W. Chatter, Pa.
HILL'S LATEST SCHEME
Consolidation of Great Northern
and Northern Pacific t
THE GREATEST - OP G0HBESE3.
Corporatism lata tn Be Formlnflr t
Control ta feovrttlM mt Two Great
Tramaeontlment-U Limea fltoelc Ad
rtiieti Cpon tli CtremljktioiK of tfco
Report la "Wall Street.
The greatest net gain scored by any
one stock in a single day for the last
few weeks,' says the New York Trib
une, was made by Great Northern pre
ferred, which advanced 8 points, to
106, on reports that a plan had been
practically decided upon for the forma
tion of a corprr:tlott which should con
trol the securities, of the Great North
ern and also of the Northern Pacific.
Northern Pacific preferred and Union
Pacific were also conspicuously strong,
the former making a net advance of
2Yi points and the latter of 2&
The terms on which It was rumored
the proprietary corporation would take
over the stock of the Great Northern
and Northern Pacific were 200 for the
Great Northern and 125 for Northern
Pacific common, the last recorded sale
of the latter stock having been at 122.
It was also said that F. D. Underwood
was soon to retire from the presidency
of the Erie Railroad company, to which
road he came a few months ago from
the Baltimore and Ohio, and would be
come one of the principal operating of
ficers of the proposed new company.
This report was widely credited in
the street - and received virtual con
firmation. It was Mr. Hill who placed
Mr. Underwood at the head of the
Erie road, and in Mr. Hill's opinion, it
is understood, the present Erie execu
tive combines In a more marked degree
the elements of a practical railroad
man and financier than any other man
of his acquaintance. It was reported
also down town that Mr. Hill would
retire from tbe presidency of the Great
Northern before many months to take
the chairmanship of the board and
that Mr. Underwood would then suc
ceed him In the president's chair.
The story about the plan for organiz
ing a proprietary company to hold the
control of the Great Northern and
Northern Pacific stocks lacked specific
confirmation. Morgan Interests denied
It in a general way, but added the sig
nificant remark that there was nothing
iu the report yet. Tbe fact seems to
be that a company has been formed to
take over the control of the Great
Northern stock, but that no decision
has yet been reached as to transfer
ring the Northern Pacific stock to such
a company. It Is illegal In some of
the states through which the two roads
pass for any railway company to own
the stock of a competitor, and this pro
hibition, it Is suggested, may extend
even to the case of a company formed
to hold the shares of two competing
lines. The proprietary company, If or
ganized and if including the Northern
Pacific, would offer Its own securities
to the public, thus releasing an Im
mense amount of capital which has
been for months locked up In the
Northern Pacific.
The titanic struggle between the Morgan-Hill
and Harriman-Kuhn, Loeb &
Co. interests for control of the North
ern Pacific, with Its $80,000,000 com
mon stock and $75,000,000 preferred,
a contest which swept the market bare
of the common stock and which culmi
nated in the "Northern Pacific corner"
of May 9, Is still fresh In the public rec
ollection. Absolute control of the Bur
lington having been purchased by tbe
Great Northern and Northern Pacific
Jointly, tbe position of the Union Pa
cific became menaced, as tbe Burling
ton largely paralleled it in its own ter
ritory and, in addition, had a western
connection with the Northern Pacific
at Billings, Mon. Control of the North
ern Pacific woisld obviously give the
Union Pacific an equal voice with the
Great Northern In the direction of the
Burlington's policy, and interests close
ly Identified with the Union Pacific
therefore undertook to secure that con
trol, an aim strenuously combated by
the Morgan interests.
At tbe end of tbe great contest In the
stock market It was generally under
stood that Mr. Harriman and his asso
ciates had succeeded In purchasing a
majority of tbe entire capital stock of
tbe Northern Pacific, or something In
excess of $77,500,000 par value, but
that Mr. Morgan and his friends held
a controlling Interest In the $80,000,000
of common stock.
A Young University- Preatdent.
The Rev. Burrls A. Jenkins, who has
Just been' elected dean of Kentucky
university. Is thirty-two years old and
one of the youngest men in the country
to be chosen head of a college. He was
born In Kansas City, where he received
his early education In tbe public
schools, after which he entered Bethany
college, in West Virginia, from which
he was graduated with the highest hon
ors. He was a reporter on the Kan
sas City Times before he was ordained
to preach and went to California,
where be filled several pulpits. Later
be preached In the Hawaiian Islands.
Returning to America, he entered Yale,
taking the graduate course for two
years.
Earl Roberts Hew Hoaae.
The house In Portland place, London,
which Earl Roberts has purchased for
his town residence was for long a cen
ter of society and fashion. From 1820
to 1800 It was occupied by the dowager
Duchess of Richmond and was famed
for the brilliancy Its entertainments
during the London season.
ROOSEVELT'S HORSES.
Tao Favorite Aalmala of Watte
Hon Itablea.
Three new carriage horses, recently
purchased In New York, together with
a brougham, a landau and a victoria,
all brand new, have been added to the
equipment of the White House stables,
says a Washington correspondent. The
horses are fine, spirited animals, well
matched, and the equipages are of lat
est design.
The favorite horses of the president
and Mrs. Roosevelt, however, are Blei
steln, the president's own riding horse,
which was purchased at Fort Plain, N.'
Y and has been in the White House
stables for about a week, and Yaegen
ka, Mrs. RoosevelfB riding horse, which
was shipped here from Oyster Bay
about two weeks ago.
The president's new saddle horse,
which was purchased to replace a valu
able animal he used at Oyster Bay and
which was killed while jumping a
fence before President Roosevelt came
to Washington, is a splendid animal, a
good jumper and has the speed and
stamina to take him along at a rattling
gait with a man of the president's
weight upon his back.
Both Bleistein and his stable mate,
Yaegenka, are thoroughbred pedigreed
Kentucky stock. They have been used
frequently during the past two weeks,
the president and Mrs. Roosevelt tak
ing long rides together over the ave
nues about the city and out on the
country roads, where the president and
his wife allow their mounts to indulge
In a breezy gallop. The president has
given Bleistein a trial on cross country
work and is well pleased with the qual
ities shown by the horse.
After the carriage horses have arriv
ed probably a couple of ponies and
pony carts will be brought on from
Oyster Bay for the children. President
McKlnley kept four fine carriage
horses and at the beginning of his ad
ministration purchased a saddle horse.
but the animal was seldom used and
when It died was not replaced.
THE BIGGEST COMBINE.
Will ISngrasre In All Sorts of Busi
ness.
A monster corporation, with a capital
that will make the billion dollar steel
corporation pale Into insignificance is
to be organized In Pittsburg, says a
dispatch from that city. It will have
the enormous sum of $10,000,000,000
capital.
This Is the largest capital of any cor
poration now In existence, and the field
of operation to be covered by the new
combination embraces two worlds.
An application for a charter has been
filed in Arizona under the name of the
International Construction and Devel
opment company.
The new company will engage In the
manufacture of, steel of all kinds; mine
copper, gold, silver and coal; will raise
sugar and refine it; build ships; raise,
kill and sell live stock; raise and evapo
rate tropical fruit; colonize different
parts of the new possessions of the
United States; handle lumber from Its
own preserves, and deal In fire clay.
The Incorporators are Richard D.
Coulter, corporation attorney; George
L. Herron and John C. Wolfram, all of
Pittsburg. Attorney Coulter said he
could not discuss tbe names of the per
sons In the background at this time.
The company will operate In the
United States, Mexico and Cuba at
first, but gradually Its operations will
be extended to the countries of South
America, to China and possibly to oth
er countries.
The company proposes to manufac
ture refrigerator ships, which will be
used for transportation of their meats
to foreign countries.
A new principle In finance is being
followed by the firm. Every share of
stock Issued is guaranteed by a trust
company except in certain lines where
the purchaser will have to take his
chances as in ordinary stock purchase,
and even these may be guaranteed.
Sir Donald Wallace's Tact.
Speaking of the tact shown by the
Duke of Cornwall In his present Jour
ney, The Candid Friend says: "Per
haps he owes much of his success to
the fact that he has always had at his
elbow as counselor and friend that re
markably shrewd Scotchman whose
career has been one of the most re
markable of modern times. I allude
to Sir Donald Mackenzie Wallace, who
bids fair to become a sort of twentieth
century Stockmar. Sir Donald Wal
lace first came Into prominence In the
late seventies, when his book on Rus
sia .ook the town by storm. It was of
course prohibitetd in the country It
described, but tbe whirligig of time
brings its revenges, and today it is
translated Into Russian and actually
used as a textbook in the higher grade
schools. Sir Donald began his career
long before this book was published
and was favorably known as a philolo
gist and folklorist years before it ever
occurred to him to go to Russia.
A Frlead'a Beqneats.
Under the will of Thomas Elkinton,
late of Philadelphia, a well known
member of the Society of Friends, more
than $100,000 Is bequeathed to charity,
some of the bequests not becoming op
erative until after the death of his wid
ow. Five hospitals in Philadelphia re
ceive $5,000. the remainder of the pub
lic bequest being divided between Quak
er schools and charitable organizations.
New Italian Submarine Boat.
A new Italian submarine vessel, the
Delflno, has proved very satisfactory.
It Is provided with an Instrument
which permits a submarine vessel nav
igating below the surface to have a
view of the whole horizon while It is
under water. It Is called a cleptoscope
and was Invented by two Italian engineers.
Many are .Wrecked by Folly & Neglect
A Successful Home Treatment for all Nervous,
Chronic and Private Diseases.
These diseases require the closest study, and we know from
experience that they are seldom given the attentron they de
serve. They progress so gradually that the patient does not
realize his condition until his vitality has been sapped and his
constitution shattered. Many reap the results of their former
folly and if you have noticed the slightest indication of any
unnatural drain or sexual decline, you should loose no time.
NERVO-SEXUAIi DEBILITY IS PROGRESSIVE, you
must master it or it will master you. ..
We have devoted years to the study and treatment of
these diseases and have demonstrated time and again that eur
home treatment will cure without pain or inconvenience the
most obstinate case of Loct Manhood, Stricture, Varicocele, Syphilis,
Kidney ar Bladder Disease, Female Weakness or Rheumatism. Wi
charge nothing for Consultation and pay special attention to home trear
ments. can or write
Wood Medical Institute, 1 136 O Street
Office Hours: 9 to 12; 1:30 to 4:30; 7 to 8 evenings; 10 to 1 Sundays.
ok0060
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Specia
Stove Sale
I I I t 1H -I W-K-9
A I
IT
S'fe 'J
S3 &
r a -
We are offering 20
per cent discount
on all our heating
and cook stoves.
Our
spec
ial
dis
count price on this
high grade Penin
sular Steel Raneje.
Fitted with reser
voir and high closet.
O
o
22
for the same stove
and high closet.
without reservoir
Baseburne rs 0ur prices
on base burners are money sav
ers. Just think of a regular $50
Art Peninsular baseburner now
40, We have a very good bar
gam in a regular
heater at -
$22.50
Hardy Fiirniturd
CO.
1124 O Street
Lincoln, Nebr.
0
o
o
o
That Co-Operative Scheme.
The Lincoln (Neb.) Post published
the following contributed article:
Some time ago it was announced
through the press of the United States
that J. P. Morgan proposed to make
the United States Steel corporation a
co-operative corporation by setting
aside a certain amount of the capital
stock of the corporation to distribute
to employes at "inside figures."
The writer through various conver
sations with people in touch with the
scheme of organization of the United
States Steel (Steal) corporation, has
come to the conclusion that basing
actual value on the actual cost of the
various plants and equipments of the
United States Steel corporation, its ac
tual value is approximately one hun
dred million instead of eleven hundred
million as it is capitalized. The writer
has also learned through sources
which he believes to be accurate, that
the preferred stock is, to all intents
and purposes, a first mortgage on the
various plants "of the United States
Steel corporation. This state of af
fairs in a time of industrial depression
which is sure to follow the inflation of
the past three years, would leave the
holder of common stock with a piece
of worthless paper where he had paid
perhaps 40 cents on the dollar for it,
"inside figures." If I were an employe
of the United States Steel (steal) cor
poration and were asked to co-operate
by investing my surplus earnings in
stock of the corporation, I should look
very carefully into the matter before
I invested to see that my hard earned
money did not eventually co-operate
into the pockets of J. P. Morgan & Co.
The writer, one of the seventy-five mil
lions, one of the common people, would
suggest a plan of co-operation for J.
P. Morgan, which he believes is in
marked contrast to the Morgan scheme
but which he believes is founded on
principles of right, equity and justice.
Let J. P. Morgan & Co. nrst squeeze
the water out of the stock of the
United States Steel (Steal) corporation
and then let him address the thousands
of intelligent American workmen in
the plants of the corporation, and say:
"Men, we have acquired plants to the
value of so much (probably about one
hundred million dollars) and we are
wiling to form a co-operative corpora
tion on the following basis. We will
furnish the capital and you furnish
the brains and brawn, and we will pay
you at the regular scale of wages ac
cording to your ability. We will then
figure our capital Invested at the legal
rate, 6 per cent per annum, and what
ever profits there are over the 6 ; per
cent shall be distributed to the labor
and Capital pro rata, at the end of the
year. If we find that our profits are so
large that we are unnecessarily, tax
ing the consumer of our goods, we. will
reduce the price till there will be only
a legitimate and equitable profit, and
cheapen the cost to the tolling millions
who use our goods."
What do you think, kind reader,
would be the effect of such a co-operation
faithfully carried out? Would it
not send a chill like an Arctic breeze
along the spine of the light-fingered
gentry on Wall street who live by the
sweat of other people's brows instead
of their own? Would it not fill with
warmth and happiness, like a summer
breeze, the breasts of the toiling
masses, and would they not go forth to
their toil with light hearts, and say
to themselves and to their fellows,
"This is indeed the beginning of the
dawn of the perfect day, when the
teaching of the Nazarene is beginning
to take effect In deeds instead of
words; when the 'lion and lamb shall
lie down together?' "
Unnelghborly Restrictions.
In refusing to accept American di
vorces as valid Canada Is discriminat
ing against a great American Industry
and should be called down. Chicago
News.
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