The farmers' alliance. (Lincoln, Nebraska) 1889-1892, April 12, 1890, Image 2
THE ALLIANCE. PUBLISHED EVERY SATURDAY MORNING. BY TIIE ALLIANCE PUBLISHING CO. Lincoln, - - - NeDiaska. J. BURROWS, : : : Editor. J, M. THOMPSON, Business Manager. " In the beauty f the lillies Christ was born across the sea, With a glory in his bosom That transfigures you and me. As He strove to make men holy Let us strive to make men free, Since God is marching on." Julia Ward Howe. Laurel crowns cleave to deserts, And power to him who power exerts." A ruddy drop of manly blood The surging sea outweighs." Emerson. He who cannot reason is a fool, He who will not reason is a coward, He who dare not reason is a slave." EDITORIAL. Important Ruling of Pres't Powers. Neb. State Farmers' Alliance, Secretary's Office, Lincoln, Ai 3, 1890. Iuasmuch as unauthorized persons are engaged in organizing Alliances and sending applications for charters, and uch Alliances in many instances are organized in a manner contrary to the constitution of the State Alliance, and subsversivc of the rules of the Order; We hereby notify all whom it may con cern, that hereafter applications for charters will not be granted unless ac companied by a certificate of a com missioned deputy or his certified assist ant, or one of the officers of the State Alliance, as directed by the amended constitution. And also, that if any Sub. Alliance shall persist in receiving into the Order persons who are not eligible to membership by the constitution, and refuse after due notification and a rea sonable time to expel such persons, their charters will be revoked. And it is hereby made the duty of the several county deputies to report to this office nil such cases that may come to their knowledge. J. li. Towers, Fres. J. M. Thompson, Sec. J. Burrows, Chn' Ex. Com. The Teaching of History in Relation to Money. At the Christian era the metallic money of the Roman empire amounted to $1,800,000,000. By the end of the fif teenth century it had shrunk to less than $200, 000,000. During this period a most extraordinary and baleful change :took place in the condition of the world. J?opulatien dwindled, and commerce, arts, wealth and freedom all disap peared. The people were reduced by poverty and misery to the most de graded conditions of serfdom and sla very. The disintegration of society vas almost complete. The conditions vf life were so hard that individual sel xfishness was the only thing consistent -with self-preservation. All public ; spirit, all generous emotions, all the uo- ble aspirations of man shrivelled and disappeared as the volume of money shrunk ank prices fell. We learn the above from the report tf the silver commission of 1876, one of tthe ablest reports ever made by a con gressional committee. All history .teaches the same sad lesson. When darkness settled over Egypt and she lost her place among the great nations of earth, 3 per cent of her population owned 1)7 per cent of her wealth. When Jiabylon went down two per cent of her population owned all her wealth. When Persia bowed her head one per cent of iicr population owned all her land. When the sun of Rome set in black de spair eighteen hundred men owned and controlled all the then known world. But we do not have to go to history o see the baleful effects of the contraction of money in proportion to wealth and population. We have only to look around its to see the decadence of freedom, the growing domination of wealth, the demoralization of our poli tics, and the advance of despotism and -tyranny. Men are no longer repre sented in our senate, but dollars in stead. For the last thirty years the United States has moved rapidly along the path followed by these old nations. In 1850 our capitalists owned 37i per cent of the nation's wealth. In 1870, only twenty years later, they owned 63 per cent, having almost doubled their accumulations. They have more than kept up this ratio since 1870, and prob--ably hold fully 80 per cent of the wealth of the country v The proportion of the population which holds this wealth does not probably exceed 10 or 15 per cent of the 65,000,000 of our people; and this small proportion is using its omni potent power in every department of business and government in the form ing and prosecution of schemes for making the irich richer and the poor poorer. It is of vital importance that all men should carefully study the causes of different economic conditions. Tt is nn important fact that overproduction, which is the favorite explanation of -hard times by all those men who are in terested in maintaining present finan cial conditions, is never complained of only when the money volume is rela tively decreasing and ,priees falling. .And it is another notable fact, that when there is said to be an overproduc tion, and prices are 'the lowest, the la borer is -the -most. distressed and the .poor man most impoverished. The in fluence of money is subtle and silent, but none the less potent. We hail with unalloyed joy the day when public at tention is generally fixed upon this sub ject, and when the monopoly press are . .compelled to discuss it, and we ask all our readers to make at their leading -tudy. THE A CROP OF LEGISLATORS WANTED. Some Old Fields to be Raked up and Burned Over. A Lot of Trash to be Plowed Under. Spread the Work. Spring work is going rapidly forward. Of course our attention for a while must be given to sowing and planting, and getting ready for another harvest. But while doing this do not forget there is to be two harvests next fall. We must harvest a crop of FARMER LEGISLATORS. They are sadly need ed to clear out the vile crops that have been sown by the railroad capper farm ers and usury farmers who have infest ed our legislative halls so long. For that crop of legislators we must be sowing the seed now, even while we are sowing our small grain and plant ing our corn. So keep up your school house meet ings keep up a rattle of musketry all along the line. If we are to harvest that crop of legis lators, FIFTY THOUSAND FARMERS should be reading this paper be fore NOVEMBER. Let EVERY ONE of our present subscribers send us ONE MORE NAME in the next two weeks. This is the way to spread the light and spread the worTc.. The important thing is to reach new men. It is for our readers who are on the right track to help us reach those who are not. is the only way we can get at them. This paper is being boycotted by Lin coln business men because it advocates the organization of farmers and because its publishers have assisted to organize an Alliance Business Agency. Farmers and Alliance men you are our only re source for support. We are confident you will not fail us. Mr. J. H. Burt on Money in the Omaha Bee. "In all of the discussions of the day upon hardtimea and concerning the agricultural de pression the statement is made that with the circulating medium of the country increased the people of these depressed sections would be greatly benefited. Can anything but his labor or its product bring him one cent of this money, and does he not now receive cash for his grain, cattle and labor to the full amount of its market value? There seems to be money enough, for when government, state or city bonds are ottered for sale they are quickly taken at a good premium and cash paid therefor." Mr. Burt is a banker correspondent of the Bee, and that paper heartily ap proves his position. We will say to Mr. Burt that the law of supply and de mand finds its fair expression in the ef fect of the relation of money and other things. If the volume of money is rel atively small or decreasing prices will be low or falling and rice versa, the law of supply and demand first controlling the price of money. Low prices enable a small amount of money to control or purchase a large amount of the product of labor. So the less the volume of money the more wealth a given sum will purchase. Now, if there were no debt and no interest this would not make so much difference. But this very principle compels debts. As prices are lowered the burden of inter est is increased, as interest payers buy money with products of labor with which to pay interest. But even with out debts low prices would make hard times by destroying the margin above subsistence which producers use as new or added capital. If the margin is de stroyed new material cannot be pur chased and enterprise and improvement is interfered with and trade stagnated. But the secret Mr. Burt does not know is that prices are primarily made by the supply of money relative to ex changeable wealth, that is, the law of supply and demand applied to money. "There seems to be money enough,'" says Mr. Burt. Yes, in hard times with low prices every interest bearing se curity that is good is eagerly taken. Why? First, because money turned out of use by stagnated enterprise caused by low prices is accumulated at centers seeking investment, and unin cumbered realty on which to secure loans is very scarce. Second, because in times of low prices interest is more remunerative. To illustrate, with in terest at ten per cent and wheat $1 per bushel the interest on $1,000 buvs 100 bushels of wheat, but with interest at ten per cent and wheat at 50 cents per bushel the interest on $1,000 buys 200 bushels of wheat. It will be seen in this case that the burden of interest has been doubled though the rate remains the same. It is the price of wheat that has changed. This is equally applicable to the prices of all products. Cannot Mr. Burt and the Bee which endorses him see these points? The Omaha Bee and the Money Question. The Bee has heretofore gained some reputation as an advocate of the peo ples' rights in the matter of railroad freights and railroad domination in the politics of Nebraska. But the money question is of far more importance to the people than any question of rates. On this question the Bee boldly takes the side of Wall street, the single stan dard men and the shylocks. In several leading editorials of late, and in com ments upon correspondence, it ridi cules and denounces Senator Stanford's proposition, and puts down all those who . believe in , financial reform as greenback lunatics. Is the Bee absolutely certain that a financial system that brings 'periodical depressions .and hard times, and steadi ly accumulates the wages of labor in the hands of a few men in all times, is the best that might exist? Have there been so few changes in modern times from prescriptive usages and old tradi tions, that it is certain this old system of money might not be profitably changed? Of . one thing there is no manner of doubt the present system is in the interest of the few instead of the many, of the wage-eater instead of the wage-earner, of the capitalist . instead of the producer and laborer; and when FAKMERS' ALLIANCE: LINCOLN, NEB., the Bee arrays itself on the side of the money cohorts it is against the people. In a late article the Bee saes: "If 50 a head would make better times, 5 per capita would make them still better, and $500 per head would make everybody pretty comfortable. If the circulating medmm can be increased at pleasure it is just as easy for Uncle Sam to print thousand dollar bills as to print Ave dollar bills. If Yealth JLl ? cr ated by act of congress it is a great crime to keep millions of people with their noses on the grindstone." Now let us reverse this argument. If increase of currency does not affect the times then the amount of it makes no difference; its decrease does not make hard times, and five dollars per capita is just as good as fifty. This is true if the Bee's argument is sound. Is it true? We would have to look but little to find in the Bee's late files com plaints of financial pressure by reason of a withdrawal of national bank notes, and a demand for legislation that would restore them or their equivalent. The Bee says "if the circulating medium can be increased at pleasure," etc. Well, can it not be increased at pleas ure? What is the circalating medium? It is comprised of certain kinds of to kens, metallic or paper, provided how? Why, by act. of congress. Are they provided in any other way? If they are we are not aware of it. They are provided in certain ways and in certain quantities by law their amount is spe cifically regulated and limited by law, and the trouble is that these limits and regulations are fixed in the interest of certain limited classes instead of in the interest of the whole people. Let us ask the Bee what makes hard times? It is a scarcity of corn, perhaps, or cotton, or wool, or beet, or pork, or wheat. Which is it? The Bee very well kuows it is neither of these, but that it is a scarcity of money. It can not honestly answer the question in any other way, and at the same time scoffs at the idea that more money would im prove the times. The Bee knows, if it knows anything, that the relative de crease of money compared with the nu merous products has lowered prices while debt and interest have increased, and that the burden of debt and inter est to-day absorb all the surplus of the producer, so that not only is his family in distress, but the goods of merchants and artisans remain unsold because he has no means with which to buy them. And it knows that a relative increase of money would remedy this condition. "If wealth can be created by act of congress," says the Bee. Any tyro in political economy can inform the Bee that money is not wealth. It is only a representative and exchanger of wealth. Is the Bee blind to the teach ing of history on this point of the vol ume of money? There is no doubt that excessive issues will produce injury. To conserve the just rights of all class es, to protect producers from the ra pacity of usurers, a certain equable re lation between exchangeable wealth and the volume of money should be preserved. It is a great injustice to the producer and the laboring man when this volume falls to a point where mon ey becomes the great controller of all things when prices fall so low that in terest absorbs by far the greatest share of produced wealth, as at present. The Bee knows that this relation has been changing for the past twenty years, and that wealth has been in creasing and the instrument with which wealth is exchanged has been decreas ing; and that co-extensive with this change distress among all industrial classes has been growing. The articles published in the Bee show either profound ignorance of financial questions or an absolute sub servience and devotion to the money power. ' The Indebtedness of Saline County. In our issue of March 29 we pub lished the following table of the mort gage and other indebtedness of Saline county: Real estate mortgages, unsatisfied of rec ord: Lands $1,816,388.23 Town lots 370,963.33 Total real estate mortgages $2,187,351.46 Bonded debt schools and cities 97,759.65 Bank loans and discounts 1,418,951.41 Chattel mortgages held by pri-) vate parties ( banks not incl :luded) ! unreleased filed since January f 333,584.44 1, 18S9. J Total $4,036,646.96 Against this indebtedness the assessed val uation of property for last year is as follows: Lands $1,234,958.00 Lots 435,773.00 Personality 808,266.00 $3,468,997.00 The democratic county central com mittee of Saline county caused the above figures to be taken from the offi cial records of the county and the books of the banks, and the figures are there fore reliable. Saline is an old settled county lying in the very finest portion of the state. If the farmers of any county should be reasonably free from debt they would be the farmers of Saline. Supposing there are fifty counties that would aver age the same as Saline, their mort gage indebtedness on realty would be $109,227,573. This leaves fifty coun ties to hear from. The indebtedness of these would certainly amount to half as much. This would make the amount named by the Alliance Memorial, about which so much has been said. When the truth is accurately learned it will be found that the Memorial put the fig ure too low. Will the money organs which abused Mr. Burrows so mendaciously forninst the Alliance Memorial give their views on these figures from Saline county? Proposed Amendment to the State Con stitution. In reply to John Scott, of Westerville, we would say that two amendments are to be submitted next fall in regard to supreme court and district judges. One proposes to increase the number of su preme judges from three to five, and the other proposes to increase the sala ries of those judges from $3,000 to $3,500, and the salaries of district judges from $2,500 to $3,000. . It is also proposed to make the terms of the supreme judges five instead of six years. Conversation Between Legislative Inves tigating Committee and Railroad President. Chairman Mr. President, you issue free passes to your friends, do you? President Well, y-e-s, in some eases. Chairman What is the particular ob ject of such passes? President O, they are mere courte sies. - Chairman To what class of men are they generally issued? President Well, to our friends, as mere courtesies. Chairman Do you issue them to any classes of public officials? President Well, y-e-s. Chairman To what classes? President Well, to members of con gress, to members of the legislature, to judges of the county, district and su preme court, sometimes to assessors, and to men who are large shippers. Chairman Are there any others? President Well, y-e-s. The officers of the company have their friends to whom they extend courtesies. Chairman Do you keep a pass ac count? President Yes, sir. Chairman Is there any particular season of the year when more passes are used than at other times? President W-e-1-1, y-e-s, there are rather more about election time than at other seasons. Chairman The company never tries to influence elections by means of pass es, does it? President O, no! Passes are always merely personal favors. Chairman If that is the case, how is it that they are o distributed more to of ficials and shippers and political friends, than to the general public? President O, that is mere custom. Chairman What proportion of travel is on free passes? President Well, our auditor don't report on that point; but it probably runs from one-tenth to one-fifth. Chairman Does this free travel cost your company anything? President Well, probably it does. But when we are hitched up and going his way it seems a little churlish to re fuse to let our friends ride. Chairman Mr. President, wouldn't that rule apply to a poor farmer or poor laborer, as well as to a poor judge or poor member of congress? President Laughing Well, per haps it would. Chairman Exactly. Well, Mr. Pres ident, our committee will report to the legislature in favor of a reduction in general fares of one-half cent a a mile. If free passes are continued we will then report in favor of another reduc tion of same amount, and so on ad libi tum, until that "courtesy" business is stopped, and all people are on an equal ity in the use of our public highways. That will do. An Important Ruling. We invite attention to an important ruling by President Powers which will be found in this paper. There are many instances where persons not eligi ble to membership have been admitted, not only as charter members, but by ballot after organization. Every case of this kind sets a precedent which may be cited afterward. Some County Alliances have initiated members at county meetings. This is entirely unconstitutional and unjustifia ble. The County Alliance is judge of the qualifications of its own members within the limits of the constitution. But no one can be a member of the County Alliance except a delegate sent by a Subordinate Alliance who is a member of such Alliance. The admis sion of members by the County Alli ance would establish a class of mem bers who would have no connection with any Subordinate Alliance, and in fact no standing anywhere; as, if the constitution should be properly enforced at the next meeting of the County Alli ance they could not be admitted unless they appeared as delegates. The anxiety of all kinds of politicians and political wire-pullers to join the Alliance not only causes these irregu larities, but also makes it necessary that the law should be adhered to. Reckless Statement About Silver. In its anxiety to ridicule the demands of the farmers for more money the Omaha Bee becomes reckless. It says: "Our mints have coined two millions of silver dollars every month for the past ten years. 230,000,000 of these silver dollars are now lying dead in the vaults of the U. S. treasury." The facts are that the total number of standard silver dollars coined uj to date is less than 550,000,000, and the total number of silver certificates in circulation is about $285,000,000. This leaves only 65,000,000 silver dollars not doing duty as money in the form of certificates. Of this amount a small portion is in the treasury and the bal ance in the channels of trade. It is sufficiently amazing for the Bee to take the side of the gold-bugs in this fight, without resorting to such glaring misstatements as we have quoted. Money on Land Security. The proposition of Mr. Stanford to issue money on land security has struck a responsive chord all over the country, as well as given prominence to the money question which it has not as sumed for many years. Men are be ginning to realize that it is the great question of the day. They are begin ning to see that it involves the labor question, the land question and -the transportation question. Do what we please with any of these and leave our present financial system in operation, with a restricted money volume to be manipulated in the interest of corpora tions, and with a rate of interest far in excess of the increase of wealth in any industry, and the rich will grow richer and the poor poorer, labor be robbed of its just reward, periods of depression ever recur, and the wealth of the na SATURDAY, APRIL 12, tion be periodically scooped by the shy locks and money lenders. "More money" is the universal cry. Business men are waking up to the con dition of affairs. Many of them are be ginning to see that a change in the financial situation is a vital necessity. But it is a notable fact that the farm ers have led in this financial agitation that it has been the thinking men on the farms who have first . and most clearly seen the true situation, and de manded the true remedy. It is a fact to-day that the farmers have more in telligence and more information on im portant economic questions than any other class of men in the country. The Iowa Tribune has the following in relation to Senator Stanford's proposi tion. We heartily endorse every word of it: "If Senator Stanford's :d's (Greenback) legalized, there proposition could be would be no more shirts made in the U S. at fifty cents a dozen, no more homes occupied by. the grace of usurers, no more suicides of honest men and wo men because they cannot secure bread. No more starvation under the shadow of millions of bushels of .wheat and corn. Debts would be paid and life would take to itself new charms every where. Hail the day, Oh, toilers! We sug gest that the readers of this paper in vest a postal card apiece. Tell Senator Stanford over your own names that he has introduced the most important pro position into the United States senate that was ever made there, a proposi tion to free a race from bondage. Ask him to crowd it to a vote, and never to let up until success crowns his efforts. Do not put it off a day. The bankers have telegraphed him long messages to tell him of the ruin to their skinflint business which would result. Let the people write him of the general pros perity which would follow United States loans upon farms." Wrecked Industries. Says the Daily Bee of April 4: "The farther Henry George ' plunges into the antipodes, the more enthusiastic he be comes in favor of breaking down every vestige of the protective system, and permitting the cheap labor nations to wreck the industries of the United States." The gall of the above is certainly monumental. With our greatest indus try, agriculture, prostrate, and with 2,000,000 workmen idle with protected trusts and interest-absorbing money loaning the only "industries" which are prosperous it is a good time to pitch into Henry George on the score of his free-trade theories especially as he is in Australia. In "view of the brilliant success of the Harrison administration, and the unexampled wave of "prosper ity" which has followed it, it is an un usually favorable time to advocate "home market" and high tariff. Whoop 'er up, Mr. Bee. An Abject Spectacle. The Bee denounces the effort of pub lic men to find some means to alleviate the distress of the working men and pro ducers of the country as an "abject spectacle." The devotion of the Bee, the old time advocate of the rights of the people, to the moloch of Wall Street is a more abject spectacle still, and one that will be quite apt to make a lasting impression upon the farmers of this state. Candidates may "tumble over each other" without any serious incon venience; but a great newspaper can not humble itself in the dust before a power that is squeezing the heart's blood out of the people without a disas trous reaction on its interests before long. The Bee is not satisfied with the ac tion of the republican legislature of Iowa in refusing to repeal the prohibi tion law, and 'says that body "cannot adjourn too soon to suit the tax-payers." What would the Bee do if the re publican state convention of Nebraska should endorse prohibition? Such ac tion is quite possible. As a measure for getting rid of Rosewater it might be a pronounced success. Farmer Howe. Al Fairbrother, over his own signa ture in the World-Herald, writes up Church Howe. Not long ago, in the daily Call he was engaged in writing down Senator Van Wyck. Comment needless. In this connection we will just add that the statements in some of the western newspapers that Howe is a member of the Alliance, are not true Farmer Howe is not eligible to be a member. "Tumbling Over Each Other." The Omaha papers seem to be "turn bling over each other," in their efforts to make the farmers believe each is the only original simon-pure anti-monop. The Herald and Republican say the Bee is hired out to Mr. Rothschild, a Jew old-clo' man, and the Bee says Hitchcock is a fraud. The farmers will do well not to trust any of the outfit to any great extent. "All Things Come to him who Waits." To Bro. A. L. Burke, President of Bur rows Alliance 745, we would say, be not over hasty, possess your soul in patience. "The work" is going on. Continue to gather strangers into the fold. Change in Prices. I desire to call the attention of all Alliance members to the fact that con stant changes are taking place in prices of Groceries. Just now dried fruits, apples, prunes and peaches have ad vanced, in some instances, three cents per pound. Remember we cannot guar antee prices, but can only agree to fill orders at the price on the day the order is recieved. Clover seed is very firm at $3.75 per bushel. Can fill orders at that figure. J. W. Hartley, State. Ag't. The Farmers' Alliance will only cost you $1.00 a year, or in clubs of five 80 cents a year. You cannot afford to do without it. An important election is coming on. j 1890. ' OATH-BOUND REPUBLICANISM! The Grand Old Party in the Shackles of a Railroad Attorney. What John M. Thurston is Doing. The national republican league is a society of representative republicans. It has had the official recognition of the president of the U. S. Its president, John M. Thurston, albeit a railroad capper and attornej is one of the most trusted republicans, a man who laid claim to a cabinet position in case one was awarded to Nebraska. We give below- a sample of his work, and a specimen of the low straits the g. o. p. is reduced to. To gain access to the inner temple of republicanism no ques tion of honesty, competency, and fideli ty to the constitution, people and prin ciples of freedom, is raised but only will you obey the orders of the constituted authorities The dark-lantern is substi tuted for day-light the midnight cabal for the caucus, (and God knows the cau cus was bad enough) the oath-bound compact for the platform a conclave of slaves subject to the "behests of a commander" for an assembly of Ameri can freeman! And John M. Thurston is the "commander!" Republicans, how do you like it? Here is the oath: "And furthermore, do I most solemn ly and sincerely promise and swear that I will steadfastly support the constitu tion and principles of the league, and im plicitly obey the behests and the order of its commander; that I will not upon any consideration whatsoever vote for or work in favor of the nomination of any candidate other than the one whom the only constituted authorities of this league hare named. Furthermore, do T most solemnlv and sincerely promise and swear that I will quickly recognize and implicitly obey in the league room, on the floor of a convention hall or in any room or street adjacent thereto, any order, sign or summons given, handed, sent or thrown to me by the commander, or sent through the hands of a fellow member of the league." John M. Thurston is the organizer of this league a man who aspired to pre side at the last republican national con vention a man whose ambition over tops the mountains, and whose instru mentalities take their color from the pit. Will the friend who ordered two dozen plow shoes write his address to the state agent. Australian System Adopted. The state of Washington has adopted the Australian system. The governor has just signed the bill. Wholesale Evictions, Quite Irish -Like, Doncher-Know LWorld-Herald.l Two hundred farmers in one New Jersey county have been sold out under mortgages within the last week, and promptly evicted from their holdings. One was driven crazy by his misfortunes and burned his house, per ishing in the flames. If some remedy is not speedily found for agricultural distresses, there will be trouble in the land The Farmers are notDecieved. Weeping Water Republican. Senator Paddock has shown to congress that there are but $19 per capita in circulation in the United States, while in France, one of the most prosperous nations on the globe, there is $57. The Omaha Bee says the amount of cir culation makes no difference with the farmers. The farmer will not readily believe this, for he can certainly more easily get hold of a few dollars when it is plenty than when it is sel dom seen. Give us more money. Helping the Farmer. Philadelphia Record. How finely the western farmer will feel who shall save $1 on the hides he has to sell be cause of the tariff, and pay $10 extra on the boots, shoes and harness he buys because of the tariff 1 The tax on hides would put money in the pockets of the great beef monopolists and take money out of the pockets of every' body else. Well, Which la It? LOmahaBee It is plain that the depression s not due to a reduced movement of products but to the low prices which leave no margin of profit to me producers. umana uee. Tne low prices are caused by either a de creased demand, or by speculator's rings the decreased demand by a stagnation in bus iness and a stagnation in business by a flnan cial scare and depression started by a con traction of the currency. An Essay on Money. The idea prevails quite generally that none but greenback cranks entertain the views expressed in the following essay. The . views are greatly at vari ance with most modern financial au thorities, but they are sound. Dr. Ben jamin Franklin, formerly of Fhiladel rhia, is the author of the essay: "lhere is a certain proportionate quantity of money requisite to carry on the traae oi a country more than which would be of no advantage, and less, ii mucn, exceedingly detrimental to "This leads to the following general conclusion: lirst A scarcity of monej' makes land and other property bear low prices l.rtn r,v fn,,r Ml 1 . . I ucdusu lew muu win iay out meirmon a i i . ey in property wnen iney can make as much or greater profit by lending it upon interest. And much less will men be inclined to venture their money at sea when they can, without risk or haz ard, have a great and certain profit by Keeping it at nome tnus trade is dis couraged. On the contrary a plentiful currency will occasion interest to be low, and this will be an inducement to lay out their money in productive in dustry rather than put it to use, by which means lands and property will begin to rise in value, and bear a better r j m. ii a? ;ii . i price anu at me same ume l wm iena to enliven trade exceedingly, because people will find more profit in employ ing their money that way than in usury. Secondly Want of money in a coun try reduces the price of that part of its produce which is used in trade; because, trade being discouraged by it as above, there is much less demand for t hat pro duce. On the contrary a plentiful currency will occassion the trading produce (sur plus)to bear a good price; because, trade being encouraged and advanced by it, there will be a much greater demand for that produce, which will be a great encouragement to husbandry ana til lage anil consequently make land more valuable. Thirdlv Want of money in a country discourages laboring and handicraft men, who are tne cniei sirengiu auu support of a people. For what can be more disheartening to an industrious laboring man than this, that alter he hath earned his bread by the sweat of his brow, he must spend as much time and have near as much fatigue In getting it as he had to earn it; for nothing makes more bad paymasters than a general scarcity of money. "On the contrary, a plentiful currency encourage great quantities of laboring and handicraft meu to settle in a coun try by the same reason that a want of it will drive them out. Many who, in the time of scarcity of money, practice usury, will sensibly en liven business by employing brick-makers, bricklayers, masons, carpenters, joiners, glaziers and several other trades, and likewise the farmers, brew ers, bakers, shoemakers, shopkeepers and in fact almost everyone that they lay their money out with." "The foregoing, well-considered, will naturally lead to inquiry who or what class oppose a plentiful currency " "1. Those who lack courage. to go into trade and practice lending money on security at exorbitant interest, which in a scarcity of money can be done, notwithstanding the law. All those who are possessed of large sums of money and are disposed to purchase real estate which is attended with great and sure advantages in a new and growing country. "I say the interest of all such men will encline them to oppose a large ad dition to our money, because their w ealt h will enable them to purchase much more at a low price than at a high price, and in the meantime, all trade being discouraged, not only those who borrow of them, but the common people in gen eral will be impoverished, and conse quently obliged to sell more land for less money. "3. Lawyers and others concerned in court business will be inclined to op pose a plentiful currency, because peo ple in that case will have less occasion to run in debt, and consequently less occassion to go to lav and sue one an other for debts. "4. All those who are in any way dependent upon such persons as are above mentioned, whether holding ollico as tenants or debtors, must at least ap pear to bo against large additions, be cause, if they aro not, they must sensi bly feel the present interest hurt." American House of Lords. Thirty-five or forty years ago the sen ate was composed mainly of brainy poor men, and its leaders were Clay, Webster, Calhoun, Sumner, Benton, Ewing, Corwin, Douglas, Trumbull, Fessenden, Wade, Chase and the like. Now the senate has no leaders aud a large proportion of its members are millionaires who by their elections from their state legislatures for t ho mir pose of acting as the attorneys of some sinister interest.or of crowning the edi fice of their huge possessions by the glory of a seat in the American house of lords. Once great men went to the senate to work for their principles and ideas; now rich men go there to work for their interests or to add to their purses. The room which once rang with the periods of Webster and Sumner, Clay and Calhouu, and Chase and Douglas, is now stupificd by the predatory aud platitudinous essays of defenders of monopoly land grants, monopoly taxes, monopoly opposition to all reform and investigation. It results from the plutocratic char acter of the majority of the senators that the senate is becoming, like the English house of lords, a merelj' ob structive branch of the government. The English house of lords is the bul wark of one monopoly that of the land but the American senate has as many monopolies entrenched within its lines sis it has members. At the present rate at which pluto crats are buying their way into the sen ate it will not be many years before the common people will nave no represen tation in it whatever. We will have a house of lords worse than the English house of lords, as the pride of purse is more ignoble and more despotic than the pride of blood and rank. Industrial West. Some Sound Advice From President Loucks. We clip the following by President Loucks from the Dakota A'uralisl. Its views on usury and money are ab solutely sound: We regret very much the failure of our legislature to pass an ironclad us ury law. We wanted it made as strong and stringent as it was possible to frame it. We were satisfied, how ever, that no such law would be passed when the vote for United States senator was taken. The legislature in that most important duty showing plainly that they wore the monopoly collar. We were therefore not at all surprised when the session closed without a usury bill or any restrictions on rail road discriminations and extortions. Wo are anxious for two reasons: First, we believe that all crime should be punished, and if a law could be framed to mete out adequate punish ment to these despoilers of Dakota w e wanted it passed. Usury has caused more misery to Dakotans than bliz zards, drouth and whisky combined and punishment should be meted out accordingly. Second, we wanted the most strin gent possible usury law enaced to dem onstrate of what little use such laws are in abating usury and direct attention more forcibly to; the only practical means of curing the evil, viz: That the government, the only authorized source for the coinage or issue of money should regulate the rate of inter est for the use thereof. This can be done without interfering with private or individual rights by the government fixing the rate of interest for which they will loan to the people direct. This is the only solution of the usury question and can only be effected tlr.-ough national legislation. Hence the folly of those who try to limit our efforts at reform to state issues where so little comparatively can be accom plished. We cannot too often impress on our readers that the two great issues necessary to restore nrosneritv to our agricultural interests are cheap money and cheap transportation. There is no reason why in workiner for the lesser we should neglect the greater. There is no reason wny when we resolve that we must have the next legislature that we should not also resolve to have the state officers, the congressmen aud the United States senators. If we have the numbers to sccuro one we have to se cure all. lie sure monopoly will con test every step with us. They never concede anything to us until we dem onstrate our ability to take it. If we are ever to win we must ficht all alontr the line. We must refuse to vote for any man for any representative posi tion whatever who is not thoroughly sound on our platform of principles state and national. II. L. Loucks. Special Meeting of the Furnas County Farmers' Alliance In compliance with the petitions from sub ordinate Alliances I hereby call a special meeting of the f urn as County Farmers' Alli ance to convene at Deaver City Saturday, the 3d. day of May 1890,at 10 o'clock a. in. A full attendance is solicited as business of Impor tance is to be transacted. The county organizer Invites the presence at that meeting of presidents of Subordinate Alliances, s that they may be instructed In the new secret work. - - - A. D'AtXHMAND President. V i 4 r i