Hebraska Independent Lincoln, Uebraska. PRESSE BLDO., CORNER I3th AND N -STS. PUBLISHED EVERY THURSDAY. FOURTEENTH TEAR. $1.00 PER YEAR IN ADVANCE When making remittances do not leave money with news agencies, postmasters, etc., to be forwarded by them. They "frequently forget or remit a different amount than wu left with them, and the subscriber , fail to get proper credit. . . , -Address all communications,, and make all drafts, money orders, etc., payable to Zhe Uebraska 'Independent, - Lincoln, . Neb. Anonymous coramu aicationa will . not b noticed. Rejected manuscript will not b returned. 7,1 --r The Ticket For Governor W. H. Thompson (Democrat, Hall County.) Lieut. Governor E. A. Gilbert (Populist, York County.) Secretary of State John Powers (Populist, Hitchcock County.) Auditor C. Q. De France (Populist, Jefferson County.) Treasurer J. N. Lyman I (Populist, Adams County.) Attorney General J. H. Broady I - (Democrat. Lancaster County.") ATominissioner Public Lands and p J Bafldings J. C. Brennan m (Democrat, Douglas County.) T I Bupt ef Schools Claude Smith Tli f (Populist, Dawson County.) CONGRESSIONAL. - First....:...... Howard H. Hanks . I - (Democrat, Otoe county.) I Second..... Gilbert M. Hitchcock I (Democrat, Douglas county.) - I Third John S. Robinson r I' (Democrat, Madison county.) Fourth William L. Stark " I (Populist, Hamilton county.) - Fifth.... Ashton C. Shallenberger -'V (Democrat, Harlan county.) : I Sixth ..Patrick H. Barry '. 1 (Populist, Greeley county.) The harmony of the republican party over in Iowa is hardly of the angelic kind. Don't forget Mickey. He's running for governor. It seems that a good many republicans are trying to forget It. Don't let them. " " ' The "spotted cow called Speck" and the "boar black pig" strike out for the woods every time they hear the name of Mickey mentioned. 'Our man Mickey" is still a candi date for governor. The Independent makes this announcement for fear that lie will be totally forgotten. v tl B ef vS Republican prosperity consists in the kiting skyward of the prices of all the necessaries of life while wages and salaries stand still. ' The trusts desire very much to have a president that will ; stand without hitching. That makes them cast long ing eyes toward Mark Hanna. ' The trusts will have to select a new man for ; speaker for the next house. They will get one who will do their bidding all right enough if there is a republican majority. Please don't fail to mention to your neighbor that Mickey is running for governor, especially so if he is a re publican. A good many of them are Wanting to forget all about it. The "big six" republican senators met the president at Oyster Bay Tues day to give him the necessary instruc tions concerning how he should talk when discussing the tariff on his western trip. It is next to impossible to buy iron and steel jf rom the trust direct. Every purchaser is referred to some middle man and a big rake-off is taken in above the ; list prices. That is one way tne monopoly has of fooling the mullet heads. , Those two" lowly followers of Christ and modern evangelists, J. Pierpont Morgan and Mark Hanna, have united in an appeal, to the public for. money to spread Christianity in the Philip pines. Be sure to send them a dollar by the next mail. According to Secretary Shaw the gold standard is a complete failure. To prevent a crisis he is sitting up nights inventing schemes to get "more money" in circulation. If there is gold enough to do the business" of the con try, what is he' fretting about? It is said that the failure of the president to make mention of the tar iff at any time during his New Eng land trip was owing to the advice of Lodge. He did not mention it when in. West Virginia. Did Elkins give him some advice also? Alabama republicans scratched the name of every colored delegate to their state convention ofi the list of mem bers and then proceeded on the "lily white" plan. ; Will the next national convention of the republican party cut down the representatives from the south in; that body because the negro vote has been suppressed? - ... NOT A PARTY QUESTION" The question before the people of Nebraska in this election fs not whe ther tnis party or that party shall win the fight. , In fact, it is not a question of parties at a I jV but whether the rail roads mall ' become complete masters of the state and run it by "the author ity of the "railroads of Nebraska." ' The railroads are already the mas ters of the Industries of this state. The profit that; every baan shall get out of hi3 business is determined by men - who meet In Chicago or New- York and fix the rates that he shall pay. " All business . success depends upon transportation charges. The. whole, railroad system of the United States will soon be a great trust, guided . and , directed by one omnipotent tyrant, located at New York city. The consolidation has pro ceeded very fast during the last year. It began by .consolidating different ln.?3 into one. Then these great lines of from three to five thousand miles of trackage were combined into sys tems, four or five in number. These systems will soon see the "community of Interest" and then there will be but one system. - It is not by the authority of the "railroads of Nebraska" that this cam paign is being carried on. There is no such thing as "the railroads of Ne braska." It is the railroad power of the United States that comes in here to get control of this state govern ment. The men who own the systems, part of whose lines lie in this state, are not citizens of this1 state. They have no interest here except what they can make the people contribute to their accumulations of wealth. The churches, the schools, the hospitals, are no concern of theirs. Yet these men, located at New York, propose to take' charge of the state government and have it run in their interest in stead of the interest of the people who live and work here. Their hired agents, who do their bidding, may live here, but they have no will of their own. They are simply hired servants of the great railroad moguls and stand in the same relation to the rest of us as the "house servant" did to the "field hand" on the old slave plan tation. , The Thurstons, Mandersons, Burts and Holdreges, personally gentlemen of culture and refinement, are simply hirelings of the Goulds, Vanderbilts, Hills- and Harrimans and must in stantly obey every order they receive from the offices in Wall street. They are the house servants of the railroad slave masters. .... If the railroads succeed in this cam paign, we will not have the honor of being governed by the great magnates themselves, but will be put under the control of their, upper servants who act in the same capacity as the over seer on the old plantation. The state of Nebraska will be one of the pro vinces which the great universal rail road trust will rule from Wall street and fiom which it will draw millions of revenue. When Governor Taft enacted a new. law in the Philippines, he promulgated it "by authority of the president df the United States." If "our man" is inaugurated as governor, the laws of Nebraska will be made "by authority of the railroads of Nebraska." What difference does' it make to Baldwin or Manderson whether the railroads are taxed on $25,000,000 or $50,000,000?, Their salaries win re main the same in any event What difference does it make to the general managers of the roads here in Ne braska? It makes no difference at alt. They are paid so much a month for their services. No one in . Nebraska will be the gainer by taxing the roads for less than their actual value. It is the magnates down in. Wall street whom these men serve for the money they get who will be the gainers. Let any party pay these men double the salaries they now get to oppose the roads and they would immediately be come as fierce opponents as they are now advocates for them. It is simply a question of money with them all. Bat after all, it is not the question of taxation that the Wall street mag nates are so much "interested in. The numerous lines in Nebraska could each pay a few thousand dollars more taxes so easily that the Goulds, Harrimans, Hills and Vanderbilts, would not bother themselves about it There is something of far greater importance to them. They want a state govern ment tL-t will obey their orders with the same alacrity that their attorneys and superintendents do. The question of rates is of far more importance than the question of taxation. Then there may be industrial troubles in the near future there is a big strike on hand now and the Wall street of fice may want quick obedience to or ders, issued to the state government.' They know that they will -get It if they succeed In this campaign. The state government in the hands of the railroad3 is what is wanted by Wall street An order for the militia to turn out and help the railroads when they get into aNispute with their employes, if not instantly obeyed by uie governor, might mean a great 'deal THE NEBRASKA INDEPENDENT. Sej 25, 1902, more to them .than the taxation for a whole year. ; A legislature that would attempt to reduce some of ., their ex tortionate freight rates might cause them more trouble and cost them more money than their taxes at full rates for five years. What the railroads want is a governor and a state government that will obey the orders issued from the New York offices. That is why they are spending so much money to elect "our man Mickey," With Prout attorney general and all the railroad attorneys gathered around him as "friends of the court," with a board of review opposed to taxing railroads at their salable value, with a governor with his ear. to the ground to catch the orders from the Wall street offices of the railroads, a large and fertile province would be added tp the dominion of the Hills, Harrimans, Goulds, Vanderbilts, and Morgan, tho Grand Monarcn of all. THE IOWA ERUPTION Speaker Henderson has declined to accept the republican nomination to congress. The reason that he assigns is that he does not agree with the Iowa republican state platform which declares that the tariff should not be used as a shelter for monopoly. He says: "You cannot kill the trusts by applying free trade without killing all our industries." There has been opposition to Hen derson in his own district for a long time. Last winter most of the news papers in his district, and for that mat etr in the whole state, gave him such a dressing down that he had to apolo gize. He was made speaker of the house by the trusts and he has formu lated legislation to favor them until even the republicans of the district could not stand it any longer. The universal assertion by the Iowa lead ers that he "was sure of election" is all bosh. Henderson)s character may be judged from a few sentences from his letter declining to run. He says of the re publicans who propose to revise the tariff and take off the protection to the trusts: "They propose to slaughter every Interest in the United States whether capital or labor." Of the dem ocrats he says: "No proposition has ever been made by the democracy, ex cepting to put everything on the free list and to give the country free trade." A man who will lie like that is a fit champion for the trusts. When did the democratic party ever pro pose to put everything on the free list?" The last democratic tariff was the highest protective . measure ever enacted up to that time. Even the dec laration of "a tariff xor revenue only," which is the farthest extreme to which tne democratic party ever went, was not i declaration "to put everything on the free list" The charge that the purpose of the republicans who wish to take the tariff off trust goods "is to slaughter every interest in the United States whether capital or labor," is the talk of a man who is not only de void of integrity, but shows a vicious i.ess that would do credit to th6 devil himself. Their purpose is to destroy every interest in the United States! That Is what they really wish to ac complish! Henderson, you are not only a villain, but considerable of a fool. Why should . any man wish to destroy every interest in the United States; That would include his own interest THE AMERICAN NAVY One thing grows more certain every day and that is that we can never get seamen enough to man the warships that are already built until the whole navy is reorganized and the Crownin shield influence eradicated unless a re sort Is made to the impressment of seamen. The Indisposition of the na val apprentices to re-enlist in the navy after their term of service has expired amounts to 90 per cent, when figured in percentages. That is to say, only 10 per cent of them choose to continue in the navy after their preliminary training. The boys find it a dog's life from the start and they only wait for the term of their enlistment to expire so they can get out of it. They might endure the abuse of the warrant offi cers, who are encouraged by the offi cers in their brutality, if there was any hope that they could ever rise to a better position in the service. In the commercial marine a lad who starts as a cabin boy may become a captain of a great liner, but no boy who enters ie navy can ever rise to the rank of the lowest lieutenant The whole thing is utterly un-American. Many of the highest officers in the regular army came upfrom the ranks. Unless there 13 a reorganization in the navy, what is the good of building more ships? Theref are not half enough men to manthose that are already built bIss Tweed would have blushed at the sthought of his puerile efforts if he hadl lived to have read the accounts of the municipal thefts committed by modern republicans. Philadelphia, Minneapolis and St Louis republicans coulS give Tweed cards and spades and beat him every same. :; j TOO SUBTXE .FOB HIM , One of the old workers for reform in this state writes to the editor as fol lows: ' . :' 'I sometimes think that you take It for granted that your readers know more of the subtleness of political economy and the intri cacies of government than most of them really do and you expect them to. do more thinking than they are capable pf , doing. I will , give one instance but InThe In dependent there are generally sev eral of the same kind each week. You have frequently said -Wall street or the plutocracy have en gaged in a new scheme by which these men intend to capture all the great increase of wealth resulting from general education, the ad vance of science and invention and there you leave the subject to be thought out by your readers. I . can tell you that not one in a hundred of your readers ever thinks it out, and the sentence, while loaded to the brim with truth, is worth no more than so much blank space to all except a few. That sentence has caused me weeks of thought. I am not half through with it yet, but how many have given it more atten tion than they would a squib about Mark Hanna or Morgan? I have j tried twice to write an article about it, but the subject is too wide and all-embracing for me to handle. A man who Is not used to writing can't put things in a few words like one who has followed the trade for. years." j The Independent has been telling the people for years that they must do their own thinking" and not trust oth ers to do it for them and it is encour aging to see that even one man has been doing some, thinking. In regard to the ; sentence which is the subject matter of the above letter it may be said that the American workman Is acknowledged to be the most efficient in the world. He will produce twice as much wealth in the same number of working hours as the wage-worker of any other nation. Sci ence has enormously, increased the production of wealth. It has added 20 per cent to the value of the cotton crop by the utilization of the seed. Some twenty commercial products have besn evolved by science from corn. The utilization of what was formerly the "off all" of slaughter houses, mainly resulting from the ap plication of the science of chemistry, has added millions to the wealth of the country. In a hundred other in dustries science has done the same thing. Invention has enabled a man by the use of machinery to produce as much wealth, in the same length of time, as twenty men could in former times. All this should be evident to every man. It should have resulted in an enormous Increase in the com fort and luxuries ofth whole people, but instead -of that, it has resulted in the creation of a few fortunes such as the world has never before known and in but a slight ' increase of the welfare of the masses of the people., Furthermore, these owners of immense fortunes are planning to take all the future increase of wealth to them selves except a bare living to the work ers. One of the most potent things to accomplish that is the organization of trusts with stock watered to the amount of hundreds of millions. If the people are forced to pay interest on this watered stock in the increased price of all those things that they consume, the result will be that all the increase of wealth resulting from edu cation, science and invention will go to the few and the masses will toil on for the ages to come, while the few en joy the benefits of the labor of the na tion. ' There are other things besides the trusts invented by the same men to accomplish that purpose. One of them is exorbitant tariffs whereby the Am erican consumer has to pay about 40 per cent more for his goods than the same goods are sold at a profit to for eigners. ; ' It is the same old game that plutoc racy has played for the last thousand years, changing their schemes as the years go by to suit new conditions. The last scheme was to double the debt of the world by doubling the pur chasing power of money. The founda tion of many of the great fortunes were laid in. that way and especially that of the house of Rotschilds. The tremendous upheaval caused by that plan and the escape from the effect of the revolt by so harrow a margin, and costing millions to buy elections, caused the abandonment of it and the adoption of the present scheme of wa tering stocks and destroying compe tition. SOLDOUTrOR CASH That the trusts are slowly buying up democratic caucusses and conventions can, nc longer be doubted. The demo cracy of Massachusetts has been sold as sheep in the shambles and the cash was paid in advance. There never was a condition in pub lic affairs so favorable to democracy as this year in the old Bay state. Most , of the voters are hirelings, re ceiving a stated salary. The cost of living has gone up by leaps and bounds, but the salaries have remained stationary. The result has been not only inconvenience, but actual want and suffering in many rather well-to- do families. . The advance In . trust made goods has caused an advance in rent Fuel and most of the household supplies have" doubled in priced The exaction - of corporations have been greater than ever before. The people' of 'the state were ready for a revolu tion in politics. Many of the manu facturers are demanding a revision of the tariff. Thousands of men have been thrown out of employment by the removal of manufacturing , con cerns to the south to get the benefit of child labor and to Canada where they can get trust-made material 40 per cent less than In the United States and escape the retaliatory tariffs of Russia and other countries. With this condition of affairs there came to the front a Mr. Hamlin, a democrat, who put out a program, which he pledged himself, if elected governor, to do all in his power to en force. It was just such a set. of prin ciples that perhaps nine-tenths of the voters of the state would have in their hearts approved. It was a plain state ment with no double meanings. In substance it was the doctrine of the populists and Bryan democrats on trusts, high tariffs, municipal owner ship of public utilities, the refefen- dum, concentration of wealth, special privileges to the few and matters of that nature. Under the conditions ex isting in the state, no one could doubt tnat with such a candidate and such a platform that the democratic party would have polled a larger vote than it ever did before in that common wealth. : What did the state convention do un der these circumstances? It nomi nated Colonel Gaston, the creator of more grinding corporations and the most perfect representative of modern plutocracy that could have been found in the whole state. He was the mov ing spirit in the subway and rapid transit corporations and the whole city of Boston as well as the state govern ment have been carrying on a fierce conflict with him for years to prevent some of his projected robberies. An attempt was made to hiss down George Fred Williams ; in the convention for opposing him. The convention was four to one for Gaston from the very start How did this come about? As con servative a paper as the - Springfield Republican charges that a fund of $50,- OuO was raised last spring which was used in getting Gaston delegates elect ed to the state convention Under the circumstances existing in the state the republicans were exceedingly anx ious that Gaston should be nominated and $50,000 is probably but a small part of the money expended to secure his nomination by the democracy. Now the situation is, this, as described by a Boston correspondent: "All the republicans will have to do to throw the democrats into ut ter discredit is to point at Gas ton's record and laugh. They are doing it already, and every demo crat in Boston knows that they are saying only the truth. Every dem ocratic leader who supports Gas ton may expect to see himself scorned as one of the biggest fools of the state for presuming to sup pose that the people did not Imow a corporation man when they saw him, even if he had resigned his corporation connection in order to be the party candidate. Consid ering the emphasis laid, today upon trusts and monopolies, the ex treme sensitiveness of" the public mind upon tie subject, the distrust of most of the public, especially the democracy, of capitalist influ- ence, and the fact that this is the great national question upon which the democrats are , to join issue with the republicans, for the. Mas sachusetts democrats to take a conspicuous representative of the capitalists and call him their rep resentative is the wonder of the time. Republicans are already jeering the democrats for it, and it is evident that Gaston's nomina tion will mean a small democratic vote. Yet it looks as if the demo cratic leaders were preparing to advertise themselves as just such foolish, managers, and were delib erately taking a course they know will forfeit their claim to public confidence and strike the democ racy a blow from which it cannot recover for years." This makes the fifteenth democratic state convention that has refused to ndorse the Kansas City platform and gone over to plutocracy. The wisdom of maintaining the populist organiza tion is more apparent than ever. !lllllllllllllllllllllllllllllllllllllll!llllll!!:illlllllll!lli: JIHIIillllHlllllilllllll 1 Your Attention is Requesu The Gage County Herald says: "C. Q. De France may not be an adept at handling railroad "mathematical problems," especially when it comes to watered stock, but it is safe to say he made Colonel Browne's petulant let ter look like "30 cents" in his reply published in last Monday's World-Her ald. Good for De France! Let us make him our next state auditor!" Secretary Shaw is experimenting with every desperate scheme that he can invent to get out more money to prevent a crisis before the election is tulled off. Any kind of money is good enough for him except honest silver collars not redeemable in any other kind of dollars. His preference seems to be for national bank money. When 20 per cent was offered for money on Wall street, Shaw began to think that the end was in sight. At the beginning q talk on a subject interest to you we this letter: ELK POINT, Armstrong Clothing Go, Gentlemen: ! Your clothes are th ny I ever bought. suits of four times th count on further busin lib frank, open i much present thatjou read South Dakota, E best fitting of en taiJor-made price. You can ss. 11. j. u. Two thincrs are to be remember- 3 ed: This letter was not requested. E5 It comes from a Regular patron of 2 our mail order department. The claim of this Clothing House S to be able to supply your clothing needs bette.than any other store is -E5 based on A life.time of practical S clothings experience and the most f minute attention , to, the multitude r of little details thato toward mak- s irig an ideal satisfactory trading place for you. There are not many 5 business men willing to make the sacrifice, of time and energy re- S quired to do this. t , . ' , Ei So certainly sure , are we that we Er, can suit you in cloth, in tailoring, E in loW price, so true is it that we ss have the suits here suitable for this purpose, that we ask you to come or write and investigate. You may do this with the certainty that if rrs you are not pleased inevery way you do not pay one cent Armstrong Clothing Co. i Th Sior that "Suits" tne jraoue. 1321, 1323, 1225, 1327 O Street, ' Lincoln, Mb. illlllllllllllllillllllllllllllllllllillllllllllllllllllllllllllllllllllllllllllll llllllllllllllirm DECREASE IN WAGES The census taken in 1890 and that taken in 1900 enables us to see what the trusts have done for labor. The republicans constantly chatter about the increase in wages under the ben eficent rule of the combinations of capital. The facts are that the total of wages has fallen a little over 25 per cent since 1890. The census of manufacturing shows the following: ; '.. 1890.' '' Establishments,.....,..,. 355,415 Capital . .$6,525,15(5,486 Salaried officials clerk. . 461,009 Salaries . ...... 391,988,208 Wage earners .......... 4,251,613 Total vages .: . ; . .$1,891,228,321 Miscellaneous expenses.. 631,225,035 Cost of material used... 5,162,044,076 Value of products 9,372,437,283 1900, Establishments 512,339 Capital . . . . . v. r $9,835,086,909 Salaried officials: clerks. . 397,174 Salaries $ 404,230,274 Wage earners 5,316,802 Total wages $2,328,691,254 Miscellaneous expenses.. 1,028,035,611 Cost of material used:.T 7,348,144,755 Value of .products 13,014,287,498 A glance at that census table shows two very significant things the result of the organization of trusts. While the number of salaried officials,; clerks, etc., decreased by 13.8 per cent, their total salaries increased by 3.1 per cent, and while the average number of wage- earners increased 25.1 per cent .the to tal wago increased only 23.1,per cent. Those two things account for the ac cumulation of several fortunes greater than were ever known before and the protest of labor is manifested in num erous strikes. Salaries like that paid to Schwab and other magnates quickly run up that item. The number of wage- earners increased over 25 per cent, the total wages they receive decreased 2 per cent! That is republican prosper ity for wage-earners. That is what trusts have done for workingmen in the last ten years. Another ten years of the same republican rule will re duce them to what has been called the iron law of wages," namely, they will get only enough to preserve life and perpetuate their species. The census tells the story. It is the work of republicans and they can't im peach their own witness. The result of republican, policies in fostering trusts, in maintaining exorbitant tar iffs, in concentrating wealth in few hands, is .'ist what The Independent has always said it would be. It will make of the people of the United States a set of miserable hirelings, de pendent for their daily bread upon the will of a few trust magnates and own ers of railroads. Remember that this result has been declared after the marvelous production of the most fer tile continent on the earth, and after years of wonderful crops. What will happen when the lean years come? 'After us the deluge." - MICKEY A SK1N BXIJfT Every intelligent voter in the state knows that Mickey is what the farmers call a "skin flint" There Is no set oi men who will waste . more time de nouncing skin flints than republican farmers. Every town in the state has one or more skin flints. They start a bank. They induce farmers to feed cattle and promise them the money to purchase stockers at a low rate of in terest. , Then, thay charge them a big rate and compound the interest every sixty or ninety days, so by the time the farmer gets his stockers fat and sold the skin flint has raked in about 25 per cent, which is all the profit there is in the business. , That is to say, the iarmer raises corn, worna hard all the year, round and give to the skin flint &ll the profits of his la bor above a bare living. The only con solation that the farmer has is that his land raises in value, which, if he continues to farm, is a detriment, for it raises his taxes while it adds noth ing to the fertility of. his acres. . The Mickey style of skin flints do other things. They keep a sharp look out for any- farmer that is in debt and get a mortgage on his place. If there comes a yeai or two of bad crops, the skin flint takes the farm! on a mort gage. , The . farmers out in Mickey's county, say that he has gathered in a good many farms in that way. Final ly the skin flint gets rich and a good many men ' who ' once ' owned farms have lost them and are eking out a miserable existence as "renters." The skin flint being so much like a cor poration, that Is, having neither soul nor morals, he is naturally the favorite of the railroads and 'they proceed to nominate him for governor, well know ing that the farmers who .curse tho sicin nmts tor 3b4 days out a year will vote for him on the other day if he bears the label "republican." That is, some of them will. The others will cast their vote for the generous-heart-ed W.' H? Thompson,' who never took a poor man's farm "from him on a mort gage or loaned money at 10 per cent, compounded ' every sixty days, to the corn raisers of Nebraska. It is said that 300 or 400 men in Mickey's county whom he has skinned during the last twenty years are ' out working for Thompson and there are a large num ber of republicans ' in other counties who have been Mickied by other skin flints doing likewise. THEIR MENTAL CALIHRE " The republicans were driven to adopt and put in force the populist de mand for more money to prevent a revolution, and now a good many of them are demanding the immediate re vision of the tariff which the popul ists have always insisted upon. There is one very queer thing about a re publican. If a plain economic proposi tion is presented . by a populist or a democrat, the said republican will de nounce it as anarchy or socialism. If the same thing Is advocated by some one who prefaces his remarks with the declaration, of "I am a republican." that changes the whole face of the matter, instantly. It is said that the republican crowds in Massachusetts who .listened to Qeorge E. Foss while he talked populism and Bryan dem ocracy "cheered with an enthusiasm rarely equalled in any presidential campaign." When Bryan and George Fred Williams said these same things four years ago,, these . same men de nounced such sentiments and declared that their adoption "would ruin the country and bring back the reign of the Cleveland soup houses." Of such mental calibre Is the American mul let head. The criminal laws of the VnitM States are compulsory upon the poor, but optional with the rich. .Any poor man who violates any section of the federal code as the trusts have the criminal law in regard to trust3 would long since have been "penalized" and landed In jail. : The reserves of the banks, and they are only nominal reserves at any time. being lent from 'one bank to another, were the lowest last week that they have been since 1S90, just prior to th great Baring failure. The govern ment's sub-terasury holdings are for the most part In the banks. What, do you think is going to happen one at. these daysT