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About The farmers' alliance. (Lincoln, Nebraska) 1889-1892 | View Entire Issue (Sept. 3, 1891)
THE FARMERS' ALLIANCE, LINCOLN, NER, THURSDAY, SEPT. 3, 1891.
Talks oa Natiooaliam.
Mr. Smith who ha Joined tt JUUoaallsU.
bnU a nationalist who If ea iotuiiu
Banker. Tbfy discus th trin- of n-
tlooallsra upon lnvetn.ents.
Smith How ii the investment busi
Bess, nowadays? ...
u.nkor A bad as dossi-
ble. I've been in it thirty years, but I
never bad so much difficulty in advising
people where to invest money as I am
having now. Of course, there are plenty
of enterprises which would be glad to
take all they could get. but I'm not look
ing out merely for my commission; I
have a little reputation as a careful ad
viser which I want to keep, eve a if I
lose some money.
Smith Then I take it you dont re
commend railroad securities.
I. B. There are some which every
body knows are sound, but of course
everybody knows also that the railroad
business in this country is in a condition
of corruption and chaos, which makes
the securities of the majority of lines
purely speculative investments. I dont
deal in them.
Smith According to your notion,
what is the matter with the railroad sys
I B. General cnssedness; a hopeless
complication of bad morals and crazy
economics. , , ,.
Smith Do you think that the decline
in railroad securities is pretty near at
an end? , . ,
I. B. By no means! The end isnt in
sight. The decline will not touch bot
tom till every water dollar has been
squeezed out of the goods. Then the
government will step in and take them
at their actual valuation; for, of course,
anybody is bound to see that govern
ment ownership of the railroad system
ii the only possible logical or proper
outcome ot the present intolerable sit
uation. Talking about the decline in
railroad securities now going on, this
same prospect of government purchase,
which is looming up bigger and plainer
every day, is a very good reason itself
for predicting that the decline will con
tinue till the true valuo is reached, be
cause it is certain that wten the govern
ment takes the roads, it will not pay
more than their actual valuation.
Smith I should think that, as a gov
ernment ownership man, you would
find yourself rather lonesome among
the financiers. ,
I. B. Don't suppose any such thing.
No honest banker or broker has any de
sire to deal in securities which, like
those of our railroads at present, are
nothing but the marked cards of profes
sional gamblers. Let the government
buy the roads, and we shall have, in
place of these devices of fraud, national
bonds at two per cent; and then we and
our customers will know where we
stand. The change will not enly be an
ennrmous rain to the people Ft large,
but will steady the whole financial
Smith Does not the same argument
apply generally in favor of national and
muncipal purchase of telegraph lines,
express companies,street-lighting plants
and street railroad systems? There are
very few of these concerns which are
not at present greatly . over-capitalized,
and their securities consequently either
unstable, or likely to be so, if the truth
were known. Would it not be a boon
to the investing public, as well as to the
iwnnln at larce. if all these concerns
were bought out at actual valuation by
the government, and public bonds at low
rate of interest took their place?
. I. B. Certainly; the same argument
applies to all these classes of investments.
-1 never recommend a customer to invest
in telegraph, street car or any of those
' lines of securities without finding out
whether they are over-capitalized; ior,
as surely as public ownership of such
; r F .1 :-. : 11
in the end, be scaled down to actual val
uation. Smith What do you say about the
stock of tne big manufacturing trusts,
the "industrials," as investments?
I. B. The operations of the sugar
trust have given a black eye to that sort
of security. No doubt some of them are
zood, if one could know the inside sit
uation, but, as a rule, they are specula
tive, and the man who loses by invest
ing in them can't expect much sympa
thy. Smith I observe, of late, that the
craze for stocking industrial and com
mercial businesses is snreadinz at such
a rate among the smaller concerns that
we shall soon be able to buy "hares in
peanut stands and barber shops.
I. B. Yes; and it is a mighty un
healthy sign, too. Some of these invest
ments are doubtless sound, but in manj
cases I judge they are speculative, oz
mere devices too make a profitable dis
position of a declining business. I see
that in some instances the employes are
"permitted" to take stock. As a rulo, I
would advise them to take good advice
before availing themselves of the "per
mission." When they have taken stock
their employers nave a hold on them
they did not have before, while on the
other hand, being in a minority as stock
holders, they are as powerless as ever as
to the management.
Smith But what do you let your cus
tomers invest in? Supposing a man,
through no fault of his own, has a little
money, what are you going to let him
do with it, pending the arrival of the
good time coming? Must he bury it in
the ground ? Uow about real estate?
LB. I have no objection to that. It
is certainly safer than any of the invest
ments we have mentioned. But my
chief line is public bonds, national and
municipal. I believe they are the com
ing f.acurity. As public ownership and
control through the purchase of private
plants exteuds over one branch of busi
ness after another, national and munici
pal bonds will take the place of the stock
and bonds of private companies and cor
porations until there are no other secur
ities in the market.
Smith Bnt they will not be perma
nent. They will be in constant course of
extinguishment by the operation of sink
ing funds, till finally there are none left,
and the nation owns the entire national
estate and complete machinery of pro
duction in fee absolute.
I. B. Precisely; the progress of na
tionalism will of course eventually put
an end to the investment business alto
gether by putting an end to the interest
system and dispensing with the private
capitalist entirely. I only say that na
tional and municipal bonds will survive
longer than any other form of securities,
and are therefore, in my opinion, the
Smith So far as I understand you,
then, there is nothing in the programme
of nationalism that need cause any pan
ic among financiers.
I. B. Nothing at all, I am sure. The
advent of nationalism means, Indeed, a
judgment day sooner or later for all
false values and fraudulently inflated
enterprises, for the nation will not pay
for water, but otherwise the expectation
of nationalism will, by the justice of its
method and the clearness and certainty
of its evolution, have a steadying effect
on the genera market. As a financier,
I confess, indeed, to a certain scientific
pleasure in contemplating the exceed
ingly simple and logical character of
the nationalist programme in its finan
cial aspect. The first phase will tw the
gradual substitution, at a rate of inter
est necessarily ruling ever lower, of pub
lic for private securities, as the process
of public acquisition gees on. Two no
ticeable feature wiii characterize this
phase. In the first place, in proportion
as business becomes public, with the
publie credit behind it, it will become
steadied, and panic and crises will be
diminished, a result further contributed
to by the ncn fluctuf.ting value of the
public bonds which will more and more
take the place of the securities of the
bcught-out private corporations. The
other feature will be the diminishing
value of money to its possessors, owing
to the constantly narrowing fielu for in
employment and the declining rate of
inient. Meanwhile, however, aa this
process goes on. the extension of public
employment with constantly enlarging
guarantees as to maintenance to the em
ployed and the dependent, will be grad
ually substituting a national pledge of
security for a precarious dependence
upon private hoards. Th e second phase
of the transformation will consist In the
progressive extinction, by the sinking
funds, of the principal of the public
debt. Long before that process has been
completed, it is my opinion that the
owners of public securities will largely
waive their claims, for in proportion as
the public monopoly of business has pro
gressed, their money will not only have
been deprived of earning power, but in
for employment and maintenance is
completed, of its buying power also.
Money may still retain nominally its
former legal tender power for debts, but
there will be no debts! nor any buying
or celling among citizens; nor will men
longer be able to buy services 01 one an
other. The nation will be sole employ
er and sole producer, and to the naticn
all must go for the supply of their needs
But citizenship will be the only basis of
demand whicn tne nation recognizes;
meney will be of no use or even mean
ing in negotiations to obtain so much as
a loaf of bread from the nation; nor on
the other hand will a ton of gold be ac
cepted in lieu of the performance of the
least duty which the citizen, tinder the
equal law of service, owes the nation.
Smith You have figured down the
evolution to the last link in the chain,
but I suDDOse weshail agree that as soon
as the people become fully conscious of
the new order towara wnicn tney are
moving, and begin to appreciate its ad
vantages, the consummation is likely to
be greatly acce'e rated by some general
action taken with common consent.
The first steps in the movement, its ed
ucational stage, will, no deubt, pro ve to
nave been tne slowest ana most aiuicuit.
Put a Stone in its Place. .
A Miser to make sure of his property
sold all that he had and converted it in
to a great lump of gold, which he hid In
a hole in the ground, and went contmu
ally to visit and inspect it. This aroused
the curiosity ot one of his workmen,
who, suspecting there was a treasure,
when his master's back was turned,
went to the spot and stole it away
When the miser returned and found the
placo empty he wept &nd tore his hair
Bat a neighbor who saw him in his ex
travagant grief, and learned the cause
of it, said "fret thyself no longer, but
take a stone and put it in the same
place, and th'.nk that it is your lump of
gold: for as you never meant to use it
the one will do you as much good as the
If Uncle Sam will empty out the gold
and silver which is locked up in the
treasury and put a lot stones in their
place it will do just as well. The one
will do just as much good (when locked
up in the treasury) as the other.
Words of Encouragement for State
Wallace, Lincoln Co., Aug. 25.
J. W. Hartley, Agt : Dear Sir and
Brother I want to express my thanks
for your prompt attention to my tele
gram for one hundred pounds of twine.
It was received in twenty-four hours af
ter ordering, and after paying express
charges it cost less tnan tne same grade
of twine here. You will furnish the
twine for this section next year. Send
me price list cf groceries, etc. The in
dependents are on top here. Frater
nally, M. E. McCune, No. 981.
John T. Mumby, Joe Miller and W.
E. Waite, members of the Alliance from
Saliae county, were in Lincoln on
shopping expedition last week. They
were well satisfied with goods and
prices of the state Agency and ex
pressed themselves as well paid for
coming to Lincoln to purcnase.
Over 200 old men responded to a re
cent advertisement of a New York firm
asking for three old men to do easy
work, lhe reporter s heart was
touched by the stories and appearance
of the 107 disappointed applicants. "
have been searching for employment,
said one, "for two years, and, with the
exception of a few odd jobs, I have
failed utterly. 1 now have poorer
health, poorer spirits and less money
than when I began to work for my liv
ing, and I see nothing before me but in
creased suffering ana smaller prospects
every day. There is no place in our civ
ilization for old men. I blame no pne.
I simply recognize the fact that I am
not needed in the world and it is best
that I leave it." The old man may not
have been responsible for his poverty,
but sombody is. This is a brutal civil
ization. The worthy are often the
weak; but the weak are not wanted
Society reserves i'js crown for those who
can make money, and buckets of it.
E Plurlbus Unum.
He slushed into a saloon on Jeffer
son avenue, saya the Detroit Free
Press, and coming to a dress parade
with his front resting on the counter,
he said to the man behind the white
"Got any of the elixer of life?"
"Yep," responded the barkeeper.
a"Fountain of youth?"
"Golden glory of joy?"
"Nectar of the gods?'
"Fluid extract of perfect happiness?"
"Essence of the tasselled field?"
"Oil of gladness?"
"Hope of my soul?"
"Well, gimme'em all," he said, lay
ingdowna qauarter,and thebarkeeper,
without a single Question, reached
under the counter and handed him
out a bottle of geruine old bourbon
and he took it eagerlj,
LINCOLN'S LIFE DXAalATIZED
Incident of Hi LIT Taken From
Th Fllee of Th Hen-aid and Mad
Into a Play.
Messrs. McKea Rankin and Archie
Gordin, looking around fora subject
for a play a few months ago, bit up
on the idea of gathering together the
sensational incidents of Abraham
Lincoln's life and dramatizing them.
They could think of no other Ameri
can who would prove to good a sub
ject, and the possibilities which they
saw in a play written around his life
kept growing as the work progressed.
The play is now finished and arrange
ments have already been made for its
presentation in the West early in the
tall. The action of the play opens
January 1, 1863, and closes with the
death of John Wilkes Booth after he
had assassinated the President.
Speaking about the play the other
Jay Mr. Gordon said that the inci
dents in Lincoln's life which were used
were furnished by Arnold's "History
of Lincoln," Mr. John Hay's book,
and most of all from the files of the
"We are indebted to the Herald
most of all for our incidents," said
Mr. Gordon, "and Mr. Rankin and
myself found it a perfect phonograph
of the time in which Lincoln was at
the head of the government."
An effort is made in the play to show
Lincoln in his duality as President of
the United States and the head of the
White House family.
The play is in five acts, the first end
ing with the signing of the document
of emancipation, the second with the
conspiracy of John Wilkes Booth to
abduct the President, the third with
the failure of the plot, the fourth with
the assassination of Lincoln and the
fifth with Booth's death in the blazing
The characters shown, besides Presi
dent Lincoln and John Wilkes Booth,
are Messrs. Seward, Stanton, Chase,
Montgomery, Blair and Gideon Wells:
Mrs. Surratt, who was hung; Miss
Surratt, John Surratt, Ella Turner
and Mrs Lincoln.
The principal scene will be the as
sassination, and this will be worked
as realistically as possible. There are
twenty-seven speaking characters in
all in the play, and it is proposed to
have a force of supernumeraries of
over two hundred. One point to be
aimed at in the play will be to show
the various celebrated people connect
ed with President Lincoln s adminis
tration as they really were and not
make the characters mere dummies.
, It is quite possible that tlie-pUy will
6e seen in this city before the holidays.
Negotiations are now pending with
several well known actors, and the
managers of the play mean to give ii-.
first-class production. Mr. E. J. Hen
ley will probably be engaged to play
the part of John Wilkes Booth. It
has not been decided yet who will play
the part of the martyr President.
HARD ON THE DRUMMER.
He Hit th Junior-Partner Whlli
Out on th Road.
A traveling man at the Russell
House told this one: "I had a mem
orable experience the first time I came
to this hotel. I was out of college
only a short time, and was engaged
by the senior partner of a big firm to
travel for his house. He was an old
friend of my father, and that helped
me in securing the position as well as
the liberal terms allowed me. Here
at this hotel on my first trip I met a
very pleasant gentleman who said he
was from New York, and we put in
several pleasant days together. I was
smoking the best cigars, drinking the
finest liquors and doing the grand
generally, everything being covered
under the broad head of expenses.
When my friend asked about my
house I lauded the senior part
ner, but said the junior was some
thing of a chump with whom I had
no dealings and about whom I
cared nothing. I remained a day or
two over time just to enjoy my friend's
company and then we parted. When
I again reported in New York the first
man I met in the office was my friend.
As I shook hands the senior said: 'O,
you're acquainted are you? That's
Mr. , the other member of the
firm..' I'd have been glad to go up in a
pillar of fire, blushed like a milk-maid
at a presidential reception, and was
about to offer my resignation when
my friend came to the rescue, told me
to say nothing, and treated me like a
prince. But when he got me alone!
He didn't storm or scold, but he gave
me a talk that made me feel smaller
than one of those five-cent China dolls.
It cured me, made me a different man,
and I've trotted square ever since.
Between you and me, the old man's
dead now, and I'm the junior." De
troit Free Press.
Confidence of Mother and Daugh
ter, There are many things which a girl
should learn from her mother, and
which it would be easy for you to tell
her, if there were an unbroken habit
of confidence from earliest childhood.
It is a mistaken idea so utterly false
and mischievous it must have been
originated by the very spirit of evil
that there is a want of delicacy in a
mother speaking to her child of sub
jects which are absolutely essential to
her future welfare: How a mother can
be cruel enough to let her child go
forth to meet life unprotected by such
knowledge passes comprehension. The
tender, delicate being is placed in your
keeping. If you look back on your
own childhood, you will know that
early, yery early, before you dream
of approaching danger, the veil of ig
norance, which too many confound
with purity, will be rent asunder by
other hands than yours. You will be
robbed of what ought to be your dear
est privilege. Ladies' Home Journal.
Tha Woman Who Laughs.
For a good every-day- household
angel give us a woman who laughs.
Her biscuit may not always be just
light, and she may occasionally burn
his bread and forget to replace dislo
cated buttons, but for solid comfort
all day and every day she is a para
gon. Home is not a battlefield, nor
life one long, unending row. The trick
of always seeing the bright side, or, if
the matter has no bright side, of shin
ing up the dark one, is a very import
ant faculty, one of the things no wo
man should be without. We are not
all born with the sunshine in our
hearts, as the Irish prettily phrase it,
but we can cultivate a cheerful aegse
Of humor if we only try. Rural
DRIVINO IN LONDON.
nr Bar Bmmm llM Wktik Ara
ra4 Xnkm Kit,
England is the only place I know of
where they drive to the left English
drivers say that by sitting on the right
and driving to the left they can better
watch the bub ot approaching vehi
cles, and thus prevent collision. I
don't exactly understand this, but it is
the explanation they give for driving
to the left
Quick going vehicles will turn a
corner sharply, hut th driver raise!
his whip to notify the vehicle in bis
immediate rear that be is about to
turn. "Cabbies" are more considerate
concerning fellow-driver than they
are thoughtful about the lives and
limbs of pedestrians. All their atten
tion is given to the roadway. Pede
trians must look out for themselves or
be run over. That is why so many of
the London police are engaged solely
in ttSidjn jo street traffic. Yet,
witn ajj tbeTJ vigilanc?, morf accidents
occur in Jonqon, proportionately, than
elsewhere. London drivers are polity
and very civil to each other. If To
obstruction appears In front of a horse,
or if for any reason he is obliged sud
denly to slow up, the driver will im
mediately notify the driver in the rear
by holding out horizontally his left
arm; and this sign is passed down
from one driver to another until th.
very end of the line of blocked vehi
cles is reached. N. Y. Home Journal.
Jaae a an I'olucky Name.
Jane as borne by the royal families
of Europe has always been a name ot
ill-omen. Lady Jane Grey was be
headed for treason; Jane Seymour was
one of the victims of King Hal; Jan
Beaufort, wife ot James I, of Scotland
was savagely murdered. Jeanne de
Yalols, wife of Louis XIL, was repu
diated for her want of personal beauty;
Jeanne u'Albret, mother of Henry IV.,
was poisoned by Catherine de Medlcit
Jane of Castile lost her reason through
the neglect of her husband, Philip the
Handsome, Archduke of Austria; Jane
I. of Naples caused her husband to be
murdered and married his assassin,
and Jane IL of Naples was one ot the
most wanton of women.
C. E. BHAW. Prest.
D. h. BHACK,
P. A. WELLS. Casn.
Transacts General Banking Business. Inter
eat paid on Deposit.
r g Bhaw, 3 Z Briscoe, F A Wells, H H Dean,
C White, DL Brace, J Albert Wells.
Druggist & Pharmacist
I IB South toth St.
A full and complete line of Drops, Patent
Medicines, Toilet Article and
Choice Cigars a Specialty.
The trade of the farming fraternity is
.... ii 1 AOm
rcBpecuuiiy auuuucu. wu
Caff apcl See JSle,
J. eitllwlZ G. oop.
1630 O Street.
First Class Horse Shoeing.
I guarantee to stop all Interfering'. Par
ticular attention given to lame; and tumbl
Every description of blacksmithlng and
Plow Work a Specialty. f
Give me your patronage. Satisfaction
Beta 1- per tar. "pedal rates ty the week
Corner I5tl aal Jackson Streets,
S3 Oae sleek frem actor Kaa. Mtt
R JENNINGS, Ttop'r, D
200,000 ARE SINGING
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pended to the diagram, containing full
explanations, hints, and directions for
conducting deliberative proceedings,
printed on fine calendered Japer, with
ornamental colored border. The whole
fiut up in neat muslin covers, embosssed
n Jet and gold, convenient and durable
for pocket use.
Price, by mail, pest-paid, I SO.
The above book and Faxxxbs'
Alliance one year, ... IN,
Address, Aluamcb Pub. Co.,
89-41 Lincoln, Neb.
Political Corruption Eipisill
RillroM Monopoly tnosii!
Tuition in. Tariff Eipoull
xinK capital Expose.! .
Tbi TralttrsBs Press Exposed'
Dtagarta Our Repuhllc EXPOSED
-EVERYBODY READ, READ, READ
OUR REPUBLICS IIOIARCHT.
By VENTEB VOLDO,
' AMD BI ISrOBMKD AS T9 THB
MfllSTEOUS ROBBERY OF THE PEOPLE
UNDER COVES 07 LAW.
fa? "nn Is the asot turning vatttlial
Bhlat at ta ear, walih avsry efosea saeule.
raaa." Boa. Jambs B. Wbavm.
BBf "Wi want all of our nbeoirken ta reef
"Our Basubltoaa Monarchy." Tfels oooktt
a aaatklBg aortraal eftba saoastrousl as
aval aa anlut eondlUoua new cilitlag la
U Uaitae Btotas, stated aa tea aathor sax
wit alelnaies, that ta aaaai atar uadai-nH.",-J.
Buaaowa. Bx. rrM. Vatteaal
Allien ana Boltar T taaiaa' AiUAxaa g
WHOLESALE AND RETAIL DEALERS
WHEELER & WILSON N O. 9,
The Song of tbt No. g.
My dreii I of One polUhed oak. .
Ai rich a the Ineit fur cloak, -A
nd for handiome deilgn
You ihould Itiitiee mine
. No. , No. ft.
I'm beloved by the poor and the rich, -For
both I Impartially ititcn;
In the cabin I ihine.
in the manaloa i n ine
No. 9, No. t.
I never g t lurly or tired,
With teal I alwayi am Bred;
To bard work I inollne,
For real I never pine
I am eailly purchased by all
with iritallmenta that montliiy do fall;
And whin I am thine,
Than 111 li benign
No. S, No.
To the Pari Exposition I went
i poo getting tne grand pnxe intent;
I left all behind.
The grand prlxe was mine
6 3 in
No. B, No. 9.
Besides the Wheeler & Wilson we have cheaper makes, as low
as $20.00. LEISS' SEWING MACHINE EMPORIUM
Phope. 606. 122 N. 14th St Lincoln, Neb.
I. M. Raymond,
AMERICAN EXCHANGE NATIONAL BANK.
I. M. Raymond Lewis Gregory.
; W". H. McCrbeby. C. II. Mobrill. A. J. Sawyzb.
Interest Paid on Time Deposits.
CAPITAL NATIONAL BANK.
CAPITAL, :::::: : $300,000.
C, W. MOSHER. President.
R. C. OUTCALT, Cashier.
J. W. MAXWELL, Assistant Cashier.
W. W. HOLMES.
R. C. PHILLIPS.
' - . i . .5; -kHA JfcT "'"- 'I " ,!
CORNER 13TH AND II STS., LINCOLN, NEB,
Three blocks from Capitol buildias?. Lincoln's newest, neatest and best up
town hotel. Eighty new rooms just completed, including large committee rooms,
Genuine needles for any ma
chine ever made, 25 cents per
A competent adjuster to fix
any kind of machine. ,
Machines sold on monthly
payments or long time.
Pianos and organs of the best
Mail orders filled promptly.
S. H. BCEMHAM,
D. G. Wwo,
of stock holders $400,000.
8. H. Bchnham. T. W. Lowibx.
D. E. THOMSPON. C. W. MOSHER.
E. P. HAMER. C. E. YATES.
A. P. S. STUART.
-. AI '-.
A. L. OUU V itt a rropia.
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