The Nebraska independent. (Lincoln, Nebraska) 1896-1902, January 09, 1902, Page 6, Image 6

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January 9, 1902
Editor Independent: As I have been
a reader of your paper for more than
a year and have kept niyseif posted
on ail the political questions discussed
therein, I have been somewhat amazed
at the immense amount of talK that
has been expended on the financial
question. In your last issue you re
ferred your readers to John Stewart
Mill as the best known authority on
' the subject. Now, I think he has
fallen into the same error that all of
our financial writers, so far as I have
seen, have fallen into. In the first.
place they seem to forget why mony
was made in the commencement of its
use; secondly, they forget that all the
systems they are writing on are the
offspring of monarchial governments,
and therefore not suitable for a free
and independent people like those of
the United States should be if they
are not Now I think we should have
distinctive as our form of government
is ditterent from theirs, and I am
somewhat surprised that the men who
had the nerve and wisdom to organize'
and establish such a government could
not also have given us a democratic
system of finance as we.ll as a demo
cratic form of government (I would
have said republican, but that word
has become a misnomer in its present
use). 1 believe that it is an acKnowl
edjed fact that the simplest form that
we can reduce any given business
transaction to is best. Admitting this
to be true, I will now state my finan
cial policy. In the first place all the
money should be the people s money
in order to accomplish this they must
make the money themselves, taking
the matter entirely out ot the handi
of any man or set of men to govern
the quality or quantity to be made or
used. I do not care waat material we
use for this purpose,-but as we are
all accustomed to silver and gold I
think that would please the people
best. Therefore I would have free
coinage of both gold and silver and
then have congress to authorize the
issuance of a sufficient quantity of
United States notes to keep, a steady
volume of money in circulation suf
ficient to carry on all the business of
the country, and I presume that one
third the whole amount in paper would
be sufficient under present circum
stances. But in order to do this a
majority of our people must be hon
est and in favor of justice to all man
kind and. in fact, we cannot keep up
a free government unless a majority
of the people are in favor of justice.
This is all simple and plain and so
easy of accomplishment if they are
the government, and if they are not
then why keep up the farce longer.
When I hear men talking about what
we can and what we cannot do 1
wonder if we are losing our American
manhood and gradually sinking into
a set of serfs simply on account of a
lack of energy to get up and assert our
rights. How long, O lord, how long,
before our people, will awaken to the
condition in which they have allowed
themselves to be placed by the so
called financiers and bankers of this
. The banking conditions at present in
the country, which is claimed by these
so-called financiers and bankers to ;e
the best financial system ever in
vented by man. I do not deem it nec
essary here to go into any explana
tion of the national banking system,
as almost everybody has been told
time after time of the injustice of the
system and hardships it works on the
common people. So I will take up the
general banking business as it is car
ried on in our home towns and show
how it affects our home affairs. We
have a bank with $20,a00 capital. In
its quarterly report a short time ago it
had $92,000 loaned out. The natural
thought of each man is when he sees
the report is, What money is it and
what security has the owner or own
ers for their money? The money be
longs to the depositors, of course, and
all the security they have is the $20.
000 paid up capital of the bank, which
is about 16 cents on the dollar. Then
if the bank fails everybody is shocked
at the great loss the depositors must
suffer as a matter of course. But
this is not the worst feature of the
business. By far the larger part of
this money belongs to the farmers and
are small deposits which their neigh
bors would be glad to use and be
willing to pay a better rate of inter
est for than the bank will pay, and
also make perfectly safe security for
it. Here comes in a part of the fine
financiering of .the bankers. They
Jrtave made the people believe that
tiie only safe place for their money
is in the bank and that they can loan
and collect much better than the owa
er could himself. This idea is so
strongly established in the minds of
the people that they put their money
in the .bank at a small per cent and
their neighbors, who would be glad to
use the money at a reasonable rate
cannot afford to make improvements
at bank rates when, if they could get
the ' money from the owner, they
would, besides paying him his inter-
'est, likely bring his property up by
the improvement of theirs to more
than the, interest on his money,
thereby being a benefit to both in
stead of helping to keep up a set of
bankers at the expense of both.
Mountain Grove, Mo.
(The chapter from Mill which was
printed in the Independent only
treated of one phase of the money
question- the quantity theory. Mill
and the other standard writers espe
cially Ricardo-have gone fully into
the question of paper money and the
necessity of a standard of value that
would rbe a standard, not something
that was forever fluctuating, going up
and down like a rip saw in a sawmill,
but that would do justice to the
debtor as well a3 the creditor. The
subject of banking and credit money
has been fully threshed out by the
standard writers. None of them ad
vocate this swindling business that
the above writer complains of. It is
not the economists who are at fault.
They have all shown how a just money
system could be ; established, .but the
political villians who run the gov
ernments will have none of it. The
financial interests buy them. Even
some men who had some reputation as
teachers of political economy forsook
all' the theories that; they had. taught
for years and joined the scoundrels in
the last campaign for what there was
j it. EdlEd.) 1:. , '.:f--i..: i ii i .
1221 to 1227 O STREET
The Armstrong Clothing Co's. great Boys' and Children's Clothing Department--the
greatest in the west is to have new quarters. So tremendous is our business
growth that the Men's Clothing now demands all the first floor space. The Boy's
and Children's Department goes upstairs in apartments of rare beauty and novelty to be known henceforth as The
Lilliputian Bazar. To get this immense Clothing stock well out of the way of the work of remodeling we have de
termined on the most terrible sacrifices of values. Nothing was ever before known like it. The sale started this week
and has crowded our store. You are invited to share in the benefits. All through the house, in every department,
the sacrificial knife has swept,cutting and slashing deep into the most desirable Clothing and Furnishing Values. It
it the chance of a lifetime to get the best grades of goods at figures that are next
to nothing in comparison with the values. Come while the sale is young. Or if
you can't come write.
Sample Showing in
Think of buying Men's Suit that were bargains at 15.00, $16.50
aDd S18.U) a suit. Of having your choice of upwards of 800
suits, all this season's make, new in weave and color effect.
In Sack, Frock or Prince Albert, Clay Worsteds, Thibets,
Cheviots and Cassimeres. Best suits ever sold at $15.00,
$10.50 and $18.00 sacrificed now at your choice
Men's $10.00. 11,00, 12.50 and 13.50 suits a line not duplicated
elsewhere in the United States fine all-wool Melton, Ker
sey, Cassimere, Cheviot and Clay Worsted round, square
and double-breasted sacks and cutaway frocks, serge, Ital
ian or silk linings, black or fancy colors, absolutely your
choice and your correct fit for only
Over 1,000 suits for your selection in $8.00, 8.50, 9.00 and 10.00
lines, made with great care, splendidly lined and tailored.
These lines were wonderful bargains and wonderful sellers
at the above prices. Every garment guaranteed, fine Clay
Worsteds and Thibets in black, round or double breasted
sacks, strictly all-wool Meltons, Cheviots and Cessimeres
in plain and fancy colors, all go at the unbelievable price
Men's suits that were extraordinary values at $8.59, 7.00 and 7.50,
honest goods, all wool, blade, blue or fancy effects,
round, square, and double-breasted styles, any one of them
in this sale at .
An honest value that sold at $4.50, 5.00, 5.50 and 6.00, neat pat
terns, coat, vest aid pants, only : .-
Men's $4.00, 4.50 and 5.00 suits sacrificed at ...
$2 98
l 41 a -nn m A II m
moie snowing in ieirs una rams
This Department Without an Equal Elsewhere
A regular $1.00 trousers in this sale , . i, . . T8c
Regular $1.50 trousers now only $J OO
Regular $2.50 trousers now only $1 50
An extraordinary $3.00 value now: ... $J Qg
A splendid $3.50 value sold elsewhere as high as $5.00, go in
this sale... $2 50
Regular $4.00 values now only jj 98
Fine $5.00 trousers, many Yale Peg Tops in Scotches among them
goat.. $3 50
Working Men's Goods
At Unheard-of Prices
GOc Black Duck Overalls, with or without
apron, 32 to 42 sizes . .
Blue Overalls, cut full size, with or without
apron, jacket of same
Men's fancy Stripe Overalls,
go at , , ,
Men's blue with white stripe, plain
or with bib, jackets of same
Boy's Brownie overalls, special lot,
Men's Working Shirts
Heavy Work Shirts 21c: extra strong 2f: dnnblA
front and back 39c; union made 50c; $1 heavy flannel 79c; 1.50
flannel 1.13; 2.00 flannel 1.21; 2.50 flannel 1.50; heavy Jersey 25c
Sweeping Sacrifices in
Our Boys' and Children's
These extensive lines carried have share in the sacrifices that prevail,
not a line escapes. Long pant Suits, and Knee Pant Suits,
Big Boys' Overcoats and Little Fellows Overcoats, Reefers and
Underwear, Shirts and Hosiery, Caps and Odd Knee Pants
all are sacrificed alike. Just as samples we quote
3.00 and 3.50
Long Pant Suits.
1.00 Boy's Double Breasted
Knee Pant Suits. . .
Boys 6.00 and 7.00 Reefers,
a mighty value ... .
Boys7 5.00 and 5.50 Reefers
Big values
One hundred dozen Boys' Odd Knee Pants,
ages 3 to 14, honestly made, extra good material. ... . .
Two hundred dozen Boys' Odd Knee Pants, all wool,
honestly made, regular 35c, 39c, and 50c
Men's $1.25 Gloves and Mittens 98C
Men's $1.00 Gloves and Mittens - 79C
Men's 75c Gloves and Mittens go 59C
Men's 50c Gloves and , Mittens go 39 C
Men's 25c Gloves and Mittens go J Qq
Boys' Gloves and Mits at same
prices as above.
Men's Elastic Web I Cp
Suspenders I du
Men's regular 35c I Qp
Suspenders : . I Uu
Men's regular 50c 9R0
Suspenders Lvb
Little Bargains
That Interest Everyone
Initial Japanett Op
Handkerchiefs Ou
Plain or Fancy Hemstitched I fp
Handkerchiefs ...... .... lUu
Extra Special all Linen 19
Handkerchiefs ...If HC
Celluloid Collars, . K
,: all, styles.. ... .. , ,vC
Celluloid Cuffs, , I fl
only..... lUC
Gold plated Collar Buttons for '
front' or back, good 15c value, , C .
only.. . ... ....... . . wC
explored Silk Handkerchiefs,. 9Rr
"v special lot ..,tuQ
Sfilk Oxford Mufflers, regular OR
50c kind, only ................... ... LOG
Gold Tie Pins, new designs, I fl
- worth 25c i . .... I UC
Special assortment Gold Cuff OC
Buttons, worth 50c and 75c ..- . . . L JQ
Boys' Long Pants
At $9.95 Boys! Long' Pant Suits, ,
the finest obtainable anywhere. . "
Come in handsome Round
Sack or Double Breasted style.
Made from finest Worsteds and ' '
; Cheviots besides a number in '
Cassimer and Tweeds. They
are suits that sold at $13.50 CQ QR
, and $15.00. All go at OSiUJ
At $7.48 We bunch here a big lot
of high grade Long Pant Suits.
They are beautiful goods, ele
gantly tailored and perfect fit
ting suits. They sold at $11.00, C7 IQ
$12.00 and $12.50. All go at...... V I iT"U
At $6.50 A wonderful display of
Boys' Long Pant Suits. Nice
all wool goods, cut right and
made right. None so good
anywhere at our old price of
$8.50 and $9.00. All go during CR Rfl
this sale at OUidU
At $4.95 We bunch all our Boys'
Long Pant Suits that sold at
$6.50, $7.00 and $7.50. You will
be surprised to see what hand
some suits you can buy the boy
' at this price. They are new in
cut, weave and color. All ng
At $3.75 Here is a chance to gt
Boys' Long Pant Suits at a low
price and at the same time get
1 nothing but first class goods.
Every suit offered is strictly
all wool and silk sewed. Reg
ular price $5.00f and $6.00. All 7K
go at OuilU
Sample Showing in Men's Overcoats
Men's Overcoats that were extraordinary values at $15, $16.50 and
$18 all this season's long cut in either rough -faced or smooth
fabrics all with velvet collars and handsomely lined some with
, yokes every coat a perfect gem sacrificed $11 8
All through the season the $10, $12, $12.50 and $13.50 lines were
winners puie wool, desirable colors, right lengths, correct trim
mings made them so. We are selling, them now 1
about as fast as they can go at the sacrifice figure of .P74
Remarkable values at $3, $8.50, $9 and $10 the right lengths,
desirable shades, all sizes, pure wool Kerseys and dJZ
Vicunas, beautiful garments slaughtered at ......... . Ptl CO
If you cannot attend
this great sale, a mail
order will prove j ust
as economical a buyer
asou in person would
A mighty value excellent Overcoats that sold readily at $G.50,
$7 and $7.50 blue, black, brown and a few grays. 1 .
Now sacrificed at P4y5
FUR COATS At unreasonable sacrifices.
$20 Fur Coats $16
$18 Fur Coats $14.40
$16.50 Fur Coats. .... ......... $13.20
, $15 Fur Coats ... . ... ...... V ..... . $12
$12.50 ;Fjr Coats. . . .$10
$10 Fur Coats. . ... . . V. .... ... .... . ... .$8
MEN'S ULSTERS $15r '$16.50 and $18
XTlstcrs - $ II 7
K . $12.50, 1 350 and 14 Ulsters . . . ...... . $0.05
$9, 10 and 11 Ulsters . . . .$7,48
$7.50, 8 and 8.50 Ulsters. . ... . , , . .$6.08 .
$6, 6.50 and 7' Ulsters . r. v . ; ivv. $4.95
$4.50. andt 5. Ulsters ; . ,$.7
DUCK COATS-r$l Rvalues Y8c;t: 1.50 values 1.20; '.00 values 1.80;
, 2.50 values 2; 3.00 values -2.40; 3.5(6 values 2.80. -u
MACKINTOSHES--$10 mackintoshes 8;' 7.50 mackin toshes 6; 6.50
mackintoshes 5.20; 5 mackintosh or slicker 4; 4 mackintosh or
slicker 3.20;' 3.50 mackintosh or slicker 2.80; 2.75 mackintosh or
slicker 2.21; 2.50 mackintosh 2;, 2 mackintosh or. rubber coat 1.80;
1,50 mackintosh or rubber coat 1.20; 1.25 mackintosh or rubber
coat 1.
MEN'S SHIRTS 200 dozen Men's White Unlaundred Shirts 25c
45 dozen Wilson Bros. White Unlaundered Shirts, sold everywhere
at 1, here now at . " 69c
60 dozen Men's Stiff Bosom Colored Shirts, all new, elegant pat
terns, some with detachable cuffs, 75c goods 49c
100 dozen 1 value Men's Stiff Bosom Colored Shirts, fetching
styles, all sizes. 69c
1.25 Wilson Bros., Monarch and Savoy Stiff Bosom Colored Shirts,
swell patterns;1' sacrificed at.--. . . 79c
Just as a sample of the tremendous slaughter,
here we quote two of the many sacrifices.
Men's heavy random shirts and drawers, worth 35c per garment
in this sale at ...... -. 13c
Men's Canton flannel shirts and drawers, worth 50c a garment
in this sale at 19c
Here's just an inkling Men's Rockford Sox, a pair 3c
Gloves and Mittens
From $1.50 gloves and mittens sacrificed at $1.21 down to
cotton flannel mitts at. 3c
Hats and Caps
$1,00, $1.25 and $150 Men's stiff hats. . 89c
Broken line of Men's $1.00 soft hats. . . . .'. ,69c
Men's 50c wool caps 193
Good elastic web suspenders a pair, 8c. Turkey red handker
chiefs, .,1c. Good white handkerchiefs, 2c. Japanette handker
chiefs, oc.
1221-23-25-27 0 STREET
"i nery .'is tqwftVCr, fin mi- i
vw auv,x. iit iiarc 1 1 iu tEcTl I ii l.l 11 1