Image provided by: University of Nebraska-Lincoln Libraries, Lincoln, NE
About The farmers' alliance. (Lincoln, Nebraska) 1889-1892 | View Entire Issue (Nov. 12, 1891)
THE FARMERS' ALLIANCE, LINCOLN, NEB., THURSDAY, NOT. 12, 1891.
C: lamer' Alliance,
Tn Aiiukc Pcbusiiixo Co.
Cacllth Bad M Uula,K.
. BuslnM Manager
, Us beauty of the lilliea - -Chrtat
wu bora acres the sea,
With ft glory in his bosom
' That tranjgurea you and me.
A he strove to make men ho!?
Let us strive to make them free,
Since God is marching on." ' ;
t ' I Mia Wari Eta.
Xanrel crowns dear to deserts.
And power to him who power exert.
"A ruddy drop af manly blood ' ;V
The Barging aea outweighs.'
"He who cannot reason la a fool.
Be who will not reason is a coward.
Be who dare not reason to a slave.
AettraM all business erauBOiiioattoM to
AJUuea Publishing-Co. ..
Address nuur for publication to Editor
yara era Aiiiaoco.
Arikc writvw sta beta tides ef As paper
nul VmW Inns MlfH In U nlAUlOllA.
rCBLUBXD WIIftXT AT
CORNER UTH AND M STREETS,
r UNOOLlf, NEBRASKA.
9. BURROWS, Editor.
J. If. THOMPSON. Business
Tat Brest Alliance Weekly u4 the leaJIna
,. ,. taMeeadeat Pater et the tlala.
SEVEN COLUMN QUARTO.
It wlU always be round on the side of the
eoeie and wholly derated te tteadvoeaov of
aefeiss principles in state and nation.
IT IS YOUR PAPER.
K-PLETE II EVERY DEPARTMENT.
ftnbserlption, 11.00 per annum, invariably
ta advance. Five annual subscriptions Si. 00.
OUR I00K LIST.
The best reform literature obtainable oan
e had by ordering any of these books,
The EaUway Prabltea (new) 8tlokney....$ 50
leaking Backward, Bellamy M
r. Hvgvet, (new) Connelly,. u
Ossein Co lump, , .,.,., , 60
A slentuci.y Colonel. Seed..... . so
DrtvwnfromSeatofcVa, Post, to
A Traasp la Society, Cowdrsy (0
Moharda Crown, Weaver...,.,. to
Great Red Oregon. Woolfolfc to
Mre's rinanelal Catechism. Brice to
tooey Monopoly, Baker at
labor and Capital, KeUotn , as
Fctaire and John Sherman, Mrs, Todd ., tt
ere. Financial Conspiracies... .loots.!
The Hansard Circular, Heath.... 10" I a
antes and Bread, Houer........io " J
Oar Bepublioan Monarchy, Voldo fj
Alltanos and labor Songster 10c, per dos 1 10
Mew Mmloedl'n, paper ocrer20o. " i oo
" board M Ko, ,60
Tu iumih' Amuses one ysar and any
set. book on our list for II .88,
flame and any Stat book on our list for tt.le.
Address all orders and mats aU remitt
ances payable to .
TUM AUUIAMOE PUBLISHING CO.
' ' - Uaao-lD, Nebnuka.
' C H. GERE,
Editor of the State Journal,
published a vile slander on J;
Burrows, knowing it to be a
slander, and then refused to
publisk the letter of R R.
Kandall proving Burrows' inno
ANNOUNCEMENT BY ALLIANCE
I " STATE AGENT.
The State Agent desires to announce
that all the business heretofore conduct
ed by him at the Alliance Store, corner
of 11th and M streets, Lincoln, has been
transferred to B. E. Ingraham & Co ,
who will continue the business at the
same stand. The State Agent will con
tlnue to purchase and furnish all classes
of goods, on orders, at the very lowest
prioen for which they oan be obtained,
tor cash. " J; w. HARTLEY, f
' ' ' ' State Agent.
BOX. G. M LAEBERTSOJV AXD THE
- If K IS K PASS BVSWBSS. f
We last, week; unwittingly, as we
learn from a perfectly reliable source,
did Hon. G. M. Lambertson an injus
tice In charging that he attacked the
editor of this paper for using a free
pass. Mr. Lambertson did not allude
to tbe matter. It was a local orator
named Stone who did us np. We
hasten to make this reparation to Mr.
Lambertson, who has always had our
sincere respect, and regret that we
made the unjust chargo. 3 n 1 '
We desire now to explain that the
Mr. K.B. Randall, who obtained tbe
pass, and whose letter has been pub
lished, is not the C. H. Randall who
was at one time employed in this office.
K. R. Randall is an old railroad em
ploye; C. H. Randall never had such
employment, and is now in the U. S.
postal service. ,-
fW The Bee says that "here in Ne
braska mediocrity was exemplified in
the inderendent candidate for the su
preme bench." The meaning of "me
diocrity "may be " exemplified T in the
republican candidate for the
tion having more than half his decisions
. A HOLD-BUG LIE.
" The Assays: "The increase in the
amount of money in circulation in the
United States in the single month of
October was over 130,000,000." , The
bore is a lie. We defy the Bee to
jMore it ttis?4;OQifc:l--y o
ty Judge Hamer is thinking of doing
a very foolish thing;,vviz! contesting the
electioa. of S. A. Holcomb. Such s
contest would probably develop con
sMerable republican villainy and we
tope the judge will push it.
TEE UTS ELECTION AND ITS
- : j. LESSON. " r i
It is usually a thankless task to re
tIaw irmmattiahla mlalaM If the in
dependent party was a mere ephemeral
creation of a dar. invoked for the pur
poses of a local campaign, a review of
the late electioa would be peculiarly
needless and foolish. Bat such is net
the case. No persons are worse mis
taken than those who suppose that the
partial defeat in Nebraska of last week
will destroy the independent part. To
be convinced of this they need only to
reflect upon the character of the istiues
and review the political history of the
country. The issues are by no means
local. Even the transportation question
is only local in the branch of it relating:
to local rates in Nebraska. Iu all Its
broader aspect it is a national question.
and his assuming broader aspects every
year. It is an irrepressible issue. Tbe
oeoDle demand Its solution, and the two
old parties practically Ignore tbe da
maud. The national independent
movement is a response to that demand,
among: others ; and the tern porary partial
victory of the Nebratka railroad power
win nave no more euect in staying; mat
movement than did Mr. Partington's
brojm in staving: the waves of the
The money Question is another issue
which is even more national in its char
acter from the fact that the states hare
no jurisdiction over It. This Issue is of
the most vital moment to the welfare
of all the people. Both tbe old parties
Ignore tha people in their treatment of
it, and pander to tbe money power,
which they believe is potent in making;
presidents. The great movement, In
which three million farmers are banded
in one society, had iu origin in this
question more than all others com
bined. Has the present Nebraska cam
paign settled It? Has the success or
failure of a few individual candidates
any influence on this momentous issue?
Will the people in Nebraska, or other
states, cease their demands for tbe set
tlement of this question cease their
rebellion against the Injustice and
poverty resulting from a false monetary
system because J. VV. Edgerton was
not elected supreme judge? Those who
.., ... ... . ,
m , 17 f ?! .f teDa:
cinUS fortitudfl of thn wnatura krannh
clous fortitude of the western branch
of the Anglo-Saxon race
What does the political history of the
last forty years what does all history
teach us on this subject? That victory
is the offspring of defeats that the
highest joy must be born of the deepest
sorrow that heaven can only be
reached through a vale of tears? Forty
years ago the question of slaverv was
agitating this country. The Usue then
was no more momentous than it is now
The abolition party was the precursor
of thd party that elected Lincoln. The
annals of that time are stainod with the
blood of its martyrs and clouded with
the record of its defeats. The men who
nominated Jas G, Birney at Philadel
phia were sneered at and contemned.
Lovejoywas mobbed and slain Wen
dell runups was dragged in the streets
of Boston with a halter around his nnck
Wm. Lloyd Garrison was half starved
wiiiie advocating tbe Eternal Truth in
his Liberator John Brown was hunir
at Charleston Fremont was defeated
at the polls. There were two parties
in those days, as there are now. Thev
dodged the great issue then, as they are
aotiging now, and they both went
down before It as they will now.
Blind indeed must be the man who does
not see that history is repeating itself,
and who cannot draw the true parallel
between the history of those days and
As the smoke of last week's battle lifts
and loaves in view tbe dead, wounded
and dying, we discover that A. M. Tost
Is elected by about 8,00(J majority that
the independents have gained substan
tlal victories ia at least two-thirds of
the counties, and have eleoted tnnm
than halt of the district judges outside
of Douglas county, and one regent of
the university. Instead of defeat, this
is a substantial victory. While we
mourn the defeat of Edgerton as an
irreparable disaster, we would by no
means exchange the fruits of this elec
tion In the counties and judicial districts
for his success. At the same time his
success would have seemed a greater
victory, j But It would have been only
Tne cause of Edgerton's defeat is the
source of the since rest sorrow. The
woids "over-confidence" tells the sad
story. Every one every gas was sure
of Edgerton's election. . Even our ene
mies practically conceded it. The re
sult of this over-confiience was an
unpreeedentedly large "stay-at-home
vote." Our friends argued. "O. wall
Edgerton ia elected anyway; one vote
will make no difference." and so failed
to vote. The aggregate of these caused
The withdrawal of Broady was a
positive injury. Aside frdm a few of
the leaders the democrats, when thev
voted at all, voted for Post. This can
be demonstrated in numerous cases.
For Instance, in Gaire countv. Post's
vote was 8,640, SUumway's, repub. can
didate lor regent. 2.801, showing 320
democratic votes for Post. Edgerton's
vote In Gage was 1,833, and D'Alle
mand's 1,818, showing a difference of
Only fifteen votes. If Judge Broadv had
" f I
accepted the nomination the fight wuld
Vt a rpA vu.Mw Vint wAnsh 11 ... J " J I
have been between him and Edgerton
and the latter would have been elected
without doubt. But with the election
of either Nebraska would have been
saved the mantle of shame, that now
covers it. " ' ' A " , 1
So in the counties, wherever an affili
ation with the democrats was apparent
the Independent vote was the lightest.
The independent defeat in Gsge county
is probably the severest In the state. In
Lancaster, bounty the ( democrat .bt
thoir own fuofion: and Wtthnnt
- r - - I
ward, nominated several of the inde-
1 U W M W UU J J
pendont candidates. These were all
defeated, with the exception of Judge
Tibbetts. Tbe only other independent
elected in this exraaty was opposed by
regular republican and democratic
nominees. The lesson of these facts is
so obvious that he who runs ma read.
"Keep in the middle of the road." Make
no compromises, and have bo affiliation
with either old party. Both are against
Again we recur sadly to the defeat of
Judge Leese. Lancaster countv has
elected a railroad judge, and defeated
the one champion of the people who
was forced out of bis own part bv his
fearfess opposition to the arrogance of
railroad power. Uow be was defeated
all men here know. One Parker, who
bad no more hope of being elected than
he has now of sprouting angel's wines.
came out ai an independent-republican
candidate. We cannot prove that he
pocketed a fee from the B. & M. rail
road to defeat Leese. There are many
things that cannot be proven that
This election will sift out from the in'
dependent ranks most of those who
have joined the movement because thev
thought it would win. No man who
has not joined it from principle will be
of value to It. No man who has joined
it from principle will desert it on ac
count of a partial defeat. To all such
we say, lift op your hearts! God is on
your side, and the hosts of hell shall not
prevail against you. Tbe principles of
your party are grounded in truth and
Justice, and are impregnable. Its issues
are vital to the very existence of free
institutions, and are lire oressi ble. The
issies that cannot survive disaster are
false issues the men who jro down be
fore one partial defeat are unworthy
the name of men.
SECRETARY FOSTER ASD FREE
Tbe above Is tha caption of an article
in a late Bee. in which several of the
false representations as to the effect of
the free coinage of silver which consti
tute the stock In trade of the gold bugs
are repeated, and the fallacious argu
menu of the men of Wall street re
hashed. Never was there a more com
pleto surrender to the money power
than that of E. Rosewater. Never was
mere a case ia wnicn a paper turned
from the Pclples to
' . . . K r
me championship of falsehood so en
tirely as has the Omaha Bee. Says that
"The position of President Harrison has
nev r been In doubt. He has taken every
proper opportunity to let the country know
that while favoTlna ablmetallloourrency he
is uncamprnmlsingly opposed to a policy
wbiob would debase the curretcy and estab.
llsh tbe single silver standard. His doclara
ration that every dollar issued by tbe govern
ment, whether paper or coin, should be as
rood as every other dollar, bas become the
financial shibboleth of tbe republican party."
Yes, it is fairly understood, we be
lieve, that if the people of the United
States through Its Congress, should pas
a free coinage bill the president would
Interpose an Imperial one man power,
and veto the bill. In view of the fact
that the time is near at hand when pres
idential candidates are to be nominated,
and in view of the other fact that the
money power, represented by the bank
ers and brokers ef Wall and Broad
streets, have more Influence In making
presidents than have the people them
selves, Mr. Harrison has felt Impelled.
In his great fear of a debased currency,
to make this promisa of a veto. Mr.
Harrison may be right. He wants to be
re elected president. He bows abjectly
to the power that makes presidents.
In view of the existing facts, the talk
of Mr. Harrison about "every dollar be
ing as good as every other dollar" seems
sarcastic. It has remained for his ad
ministration to advocate and himself to
sign a law providing for a bob-tailed
dollar which will not pay a debt unless
the cieditor agrees to take it. , For the
first tlrao since the war a discreditable
dollar of this kind has been Issued, and
very properly by an administration
which is fighting silver and exploiting
The Ben goes on to ftpplaud the course
of Secretary Foster in regard to silver
coinage as follows
"He states an anaumtlnnahls trnth k.
says that free coinage of silver would place the
country on a silver basis, fluctuating with the
market price of silver bullion. It Is equally
troe that a stiver basis wouldfexoliifla tha sow .
000.000 of gold now in the o-untry from use as
money, and that gold would largely go abroad
to pay for the sliver that would be sent , f mm
foreign oountrlcs. How great this drain upon
our gold resaurces would be may be under
stood from the statement of Secretary Foster
that his investigations had led him to believe
that there is in Europe more than 9200.(00,000
or saver, to saynothingof the amount In Mex.
Ico and South American countries, a great
part of which would oome to the United States
as soon as the adootlon of free and unlimited
coinage proclaimed to the nation that this
government was ready to take their silver
JSow let us briefly examine these
statement! which the Omaha editor so
strongly approves. The first sentonce
ays in effect that a dellar coined out
of silver would fluctuate with the price
of silver bullion. Well, we have been
coining, under the Bland law, until the
late bullion act took effect, two million
silver dollars per month. The bullion
in that dollar has been fluctuating,
having been worth from 75 to 83 cents
on the dollar. Now we will thank the
editor of the Bee to show us a single in-
stance whore the dollar so coined has
fluctuated to the extent of a single mill.
There has not been a day nor an hour
since the Bland law went into
law vant tntst AfFtnl
W uwu VUV OU T da uuiiai fuum lx UUV
the gold in the gold dollar, or when it
would not buy as much corn, wheat.
beef or pork, or pay as much debt, as
the gold dollar.
Messrs. Foster and Rosewater sav
that free coinage "would place the
country on a silver basis." We have
given a complete and sufficient answer
to this absurd statement in another
article on this page, entitled "The
Gresham Law," to which we refer. It
Is there shown how France maintained
aw -aww buvxu uun av a nutv UIClUbMUCU
the two metals practically at par for 63
.1 i 1 . .. ,
yeara simply by free and unlimited
J u.wiyaj wj esuw OUU UlAlAlAllkCU
coinage at a ratio fixed by law. This is
a historical fact that cannot be refuted.
In 1806 the population of the silver
standard countries was 768 944,458; of
the double standard countries 137.300.
000; of tbe gold standard countries 02,
)0,000. It will be seen that at that
time the populations using silver alone
as money were nearly three and oae-
naii times as great as those using either
gold and silver together or gold alone.
These fignres remain good to-day, as
the silver standard countries have not
changed. Therefore these silver stand
ard countries must continue to draw
from the world's supply of silver the
amount needed to maintain their cur
rencies. This fact alone precludes the
possibility of this country going ton
silver basis, unless we should volun
tarily demonetize onr gold.
In the minority report on the free
coinsgi of silver, made to congress
rebruary 10, 1886, it was estimated at
that date, that the amount of money in
the world was:
A total of,,.. $763000.0 0
Accordirg to Soetbier, the total stock
oi money available to tbr commercial
world outside of Asia at the close of
Total t5.m,m OnO
With all this vast sua there is to be
added, perhaps, not less than S3 000,
000,000 of paper money circulation.
necessary for the conduct of the bus!
ness of those nations.
Assuming; that the United States is
the owner of 81,030,000 000 of coined
money, then the balance of the world,
exclusive of Asia, has say t4.000.000 000
of coined gold and silver and $1,500,000,
000 of paper money. How much gold
or silver can the other nations spare
from their special requirements, in
order to make this country a "dumping
ground for their surplus? .
Have they a surplus? As the United
States treasury contains the bulk of the
specie or mis country, it is fair to pre
sume that the great banks ef Europe
contain the bulk of the surplus specie
of tbe rest of the world outside of Asia
These groat Institutions hold of
Ooid .; a sHfumnm
oiivci 43.V0U0 00U
Total specie. SL.mniinnm
If they should dump all this silver
into the United States, thev would
thereby increase our specie currency
less than 18 per capita. France is able
to stagger under a load of over 188
specie per capita, and not onlv does not
complain at having to carry the load,
but adds S17per capita In paper money.
France, as the editor of tho Bee will re
member, does her business ou a cash
basis, and her population is the happiest
and most prosperous of any on the
globe. But with her $55 per capita of
money she has a commerce Insignificant
as compared with the United States.
Mr. Rosewater sneaks of gold coinff
abroad " to pay for the silver that would
be sent from foreign countries." Mr
R. knows a thing or two, and among
them he knows that under free coinage
our mints would not buy an ounce of
silver. Under our present system of
bullion storage our gold maybe drained
away, if the Secretary will redeem bul
lion certificates with gold, But under
free coinage we would simply coin the
silver offered, and return the nninoH
dollars to the owner of tbe bullion, and
no purchase whatever w 0 aid be involved
in tbe transaction.
To show the present condition of the
silver market, and how little orosDect
there is of silvor beiag " dumped" here,
simply to get rid of it, we give the fol
lowing market re,ort from the Berlin
Boersen 'titling of October 15. 1891
And we now respectfully Invite the Bee
to controvert the facts and arguments
of this article, and cease to disgust its
readers with unsupported statements
which are neither facs nor argument
From the Berlin Boesen Zeltuntr.
Receipt and expnrts of silver remain about
average for tonMon, although India and the
flrmltj. Ba(tlaM.ni.ubAiB MT1 n.t nm . .
- ...... . .......... i..F.in.. UUJ VJW I lUi b 1 1 1 I
JEi.uie OOlliD m: but Japan f ok tmuoo. Spain
tl. 712,000. and Pnrtuval 413.(100. Stocks in
uuiuiuu unvv tra-ii reauora practical 'y to ntl.
and since the beginning rf the year the United
8tates bas logt through exports, consumption.
ana Uovernment rurehaee in excess of pro-
autumn, auuui uw.vv per mnn'n Tne posi
tion In regard to India points to an early re
sumpttrn of demand. No silver is on the way
to India, ayatnet abouc 5.t)00 00" ounces last
year., No silver i being carried in Indian
mints, avalnet 6 000,000 ounoes last year. No
eilver has been buught by Indian banks for
lurwnro delivery, againsi large amounts thus
contracted for last year. And, whtie money
is lower In India, the oash balances at head
offices there have declined m the Bank of
Bengal to 310 lacD from 343 lacs last war and
In the Uank of Bombay to 385 lacs from 485 lacs
i lac of rupee s In one hundred thousand.
DICTATORS AND BOSSES.
Notwithstanding the election is over
Air. Kosowater continues to print in his
Bee his ridiculous twaddle about dicta
ta'ors and bosses. The sublime impu-
at ace oi tnis taiK irom a party that is
notoriously under ft corporation dicta
torship as unrelenting i as ever was
known in the U. S is refreshing. And
Rosewater of all men Is the most appro
pii ite conduit through which to spue it
on the people. His arrogance is such
that he demanded the republican con
vention should be postponed on his ac
count, and assumed that the republican
campaign was not begun until he opened
his sinice gates of bUlingsgate at Colum-
Mr. Burrows does net need to defend
himself from the charge of bossism.
Every independent knows how ridicu
lous it is. No partv was ever so abso
lutely free of bosses as the independent
party is. Does Rosewater imagine
that it is necessary to continue his
abuse of Burrows and Edgerton in or
der to achieve his ambition of being
chairman of the Nebraska delegation to
the national convention? He need not
be uneasy. If the power that inflicted
a Norval and a Post on this state sanc
tions his aspirations, the party vtYEL have
to submit, and he will get there. . And
the party that can maintain even its
present feeble minority existence under
the incubi of a Mercer and a Roggen
would hardly fool the addition of Rose
water. . ...
The strongest democratic counties
gave Post his largest majorities.
I" BUGLE BLAST FROM J. W.
"Newer Surrender" Is the Word, :
'Ballots With Principles Back of Them"
Our Only Reliance.
Omaha, Neb.. Nor. 9, 1891.
Editor or tub Alliakcb.: I desire
through the columns of your paper to
express my gratitude to the many
friends throughout the state for the
noble efforts made in the recent cam
paiga. While the result is not what we
may have desired there is Bothing to
discourage the honest worker for re
form. Let it be borne in mind that this
is not a struggle for office. The indi
vidua! should be forgotten, and onlv
the great principles for which we con
tend kept steadily in view. The. man
who grows faint hearted at temporary
defeat is a coward, and we have no
room in our ranks for cowards. Let
the armor be buckled tighter and the
arm steeled for the final blow. The
battle is on, and the great strong arm
of labor is being lifted to shattor the
letters that bind tbe toiling millions.
The first rays of the glorious sunlight
of truth is dispelling the darkness of
prejudice and despair, and this mighty
conflict will never end vntil civilization
is lifed up to a higher plane.
As we view the work of the enemy in
the eampa'gn we find much to encour
age us. While th independents fought
for principle on the platform, tbe op
position, who dare not meet the Issues.
resorted to tactics that would cause the
blush of shame te mount the cheek of
CHand Duval or Dick Turpin.
The R. R 's, as I am reliably Informed.
not only sent out orders to work for
my opponent, but threatened to dis
charge employees in the event of my
election. A number of loan agents and
bankers endeavored to intimidate the
voters by sending out circulars and let
ters declaring that eastern monev
would be withdrawn from tbe state and
mortgages foreclosed in case of my
election. The Personal Rights League
was worked through its necretary,
Kleutsch, who undertook for a consider
ation to make tbe members of their or-
ganization believe that the election of
aa independent for supreme judge
In Omaha where I am known, some
of my strongest supporters were leading
uathoiics. while through the state I lost
the Catholic vote by reason of false affi
davits alleging that I was a member of
the A. r. A. organization.
Men were employed on a salary to
travel the state and quietly vilify me
and seenre the democratic vote.
The Omaha Bee editorially gives the
democrats the credit for my defeat, and
says that I would have been elected bv
fifty thousand majority had I received
the democratic vote. If this be true
what has become of the g. o. p? Everv
democratic county in the state gave a
republican majority, which shows that
the corporations got m their work, and
proves that the enemy are fighting in
the last ditch.
An examination of the returns will
convince any one that thirty thousand
independents were following the advice
oi me enemy "stay at borne and tend
to your crops and we will look after
politics;" but the snip.ll price that will be
paid for the bountiful crop that has
been harvested, which is needed by the
starving millions of other lands, will
probably arouse the stay-at-homes to a
sense of their duty.
But another thing has been clearly
demonstrated, and that is that the inde
pendents have ft majority in the state,
ana that tne republicans are mnv
thousands weaker than last fall. Nearly
the entire republican vote of the state
was cast this fall, for every republican
was aware of the importance of the
fight, and the result shews the wretched
weakness of tbe g. o. p.
I desire to express my gratitude to
the democratic leaders and press for
their earnest but fruitless effort to hold
their party in line against their old time
enemy. Their work was worthy of
better results. We have learned in this
battle that we can only rely on ballots
with principles behind them. Every
toiler who desires reform must in the
future do his duty. Lot the watch fires
be kept burning, and the line of battle
formed, no weakning, no faltering, but
let every soldier do his duty, remem
benng that the fight is for home and
loved ones. Be true to yourselves.
true to your country, and a grand and
glorious victory will crown our efforts
in 1W3. J . W . UDGKRTON.
THE GRESHAM LAW.
jx o supposed principle has been so
often misapplied as the so-called Gre
sham law. This law is stated bv Sena
tor Sherman, in his speech in the Senate
on January 13th last, as follows:
"If acv article is allowed to ha minoA
which is cheaper than another the
cheaper article wilt take the whole vol
ume of the circulation, and thn dnnrsr
article will either ba hoard nd htr th
who value it higher, or be exported to
other countries where- its use is de
The above is not a true statement of
the Gresham law, as understood by Sir
Thomas Gresham. and all experience.
foreign, domestic, ancient and modern,
prove it to be false. The mis-statement
of Senator Sherman, and the miscon
ception of all the misappliers of the Gre-
snam law may be found in the wrong
use of the term "cheaper," as applied to
money. They apply the term to the
material of ichich money is composed, while
the term only properly applies to
the prouct with tthkh money it obtained.
Thus, silver dollar coined by tbe gov
ernment out of eighty cents worth of
silver, and given all the functions of
money, will and does circulate side bv
side with the gold dollar coined out of
100 cents worth of gold, buying the same
amouat of bread and meat, and paying
the same debts. Tbe true statement of
tbe Gresham la w is as follows: If of our
silver dollars ft portion was of l.ghl
weight &nd aJ had the same legal tender
quality, the heavy portion would be
melted or exported, while tbe lighter
portion would continue to circulate
This applies equally to gold coin. The
reason of it will be obvious on a mo
ment's reflection. If a man bad two gold
eagles one of which had sav one-tenth
of its weight filed off but would still pass
for its full face value as money, snd he
wished to use one eagle far dentistry, he
would naturally use the one that con
tained the most gold, it being no more
valuable than the other at money. That
is all there is orever was of the Gresham
law. If the United States had an old,
abraided or clipped gold coinage which
was under weight sav 8 or 4 per cent
and should issue a new full weight irold
coinage without lowering the legal ten
der value or calling in the old coinage.
the new coins would disappear nearly
as fast as issued. Thev would have a
commodity value greater than their
money value. Their commodity value
would be measured by the metal they
coniainea compared with the old coins,
iheir money value would be fixed bv
the legal tender value of the old coins,
xnis law oeing once thoroughly un
derstood, it will be seen that it cannot
uave any application as Detween two
separate metals the coins of which have
respectively the same denominational
value and the same 'egal tender quality,
u our coins oi euner nieiai were sum-
cienuy undervalued compared with tbe
coins of the same metal of another na-
tion, then those coins would disappear.
That is, they would go to that nation to
be recomed, providing difference in
prices did not neutralize the difference
in the value ef the coins. In other
words, in those trading nations whose
mints are equally open to cold and silver
coinage upon an appointed ratio as legal
tender moneys, the tendency of either
meiai io disappear win D8 determined
ny its valuation as compared with the
coinage of creditor nations which may
demand a money metal, instead of other
couiiuatiiues, in settlement oi us bal-
To show the folly of the claim that.
under the Gresham law gold would dis
appear with free coinage we give tha
following historical facts from the ex
perience of France: That country for
period of sixty-two yeara from 1803 to
1865, under variations of relative oro-
dnction exceeding 18 pef cent, main,
tamed a practically unvarying average
relative price in market for gold and
silver, in spite of divergent coinage laws
all elsewhere. Thus, at coin value, in
1810: production 76 per cent of silver;
relative price 15 61 to 1. In 1855: . pro
duction 78 per cent gold; relative price.
15 76 to 1. In the period 1831 to 1840.
$443,000 000 of the world's abundant
silver was welcomed into the free coin
age legal tender silver coin of France.
In 18or to 1860, with gold most alarm
Qia firm nnn , 1 1
were minted into French legal tender
.aI. - fT.J Lt , ....
iu. unuci llioso varyug conditions
nf mnIi,rt!n, P..... 1 ; t 1
the average world's price of gold and
ok a ftvitiLiuu uvLwraa i m ir Vii
and 1 to 15 80. Thus by free coinage the
value of either metal in Us scarcity was be
stowed upon the ether in its abundance by
law, and France single handed, for 63
years, put "a dollar's worth of silver In
the dollar," andmamtaineditconstantlv
at 100 cents. (See address of Wm. P
St. John, President Mercantile National
Bank N. Y., at Kansas City April 17
1891.) ' '
INTEREST ON MONEY AT OMAHA,
T wpiitr vpara flor.-i mnnav tnmmnn
- r rw -w'iv, vuiumauucu " - f w avsa vug udaii
12 per cent in Omaha. Now it can be six years a money-bag railroad mae
Set MdlgSsiSn. 7 TlT g0VernOr' 1Utl
The Bee makes the above remark in
an article arguing that times are better
than formerly, and that because th
nominal rate of interest , has declined
from 12 to 7 per cent, it is easier for
those who have to borrow monev
Uow, as a matter of fact. 13 per cent
twenty years ago was a lower rate than
6 per cent is now. The prices of the
products which men have to sell to
buy money with which to nav interest
determines the burden of interest.
- - s -J -
With high prices of products they can
pay high nominal rate easier than a
low rate with low prices.
The following are the average Driees
... , ,
nf tho nrnrtnfita nnmA .
- - f.vuuvui . i v. r, 1 1 1 v v rirv
ago and at the present time:
Pork $35 00
11 Z ul
This differenceruns through all prices
oiail products and all merchandise:
auuuwm ue Been mac tne burden of
interest is ouite as c-reat a, i, . J
ft- ! '. 1 A t , . 1
twenty years ago. . But the burden 7,
debt is much greater than then. All
debts are paid wLh oroduota. w
paid more than $4,000,000,000 principal
and interest on our public debt: but.
estimated in products at present prices.
that debt is greater than it was atth-
close of the war.
jiht nvvrrrir ipprirTr, r ,!."' rv..""uo'a navo BBru Bna read
r. V SV1AU Ui U JJIjLKj.I J1 jV tf. AAV I
np rn rjirvv
tt , r
jt;ie uen-v rusk said, when h
uj .u- . . . "
that ft heavy tariff ought to be put on
ueaiu i no news irom JMawanhnaot fa I
urn, w puuwa mat state for electing
Russell. , J
, . I
This is very suggestive. Is the tariff
. iw.h...j:.. . .7
. mo iauu protect working-
men? Is the tariff a source of Dmnr.
ity? If so, how would Massachusetts
i yuuianea oj a neavy tariff on hides?
V. 1 y . i . . -a I
einauy, aoes jerry tell the truth Wr
wuen in in maa man when ha la In
he democratic leader who
supported Edgerton seem to be leaders
without a following.
RAILROADS RECOUPING THEIR
Facts for Suy-at-Homs Farmers.
It will be an interesting, though not
at all surprising piece of information to
the farmers when they learn that the
roaas have restored the rates from
Lincoln to Chicago that were in force
before tbe inter-state commerce com
mission held its session in thia fltv.
But such is the fact. Thev are nrob-
ably making a strike to get back the
money they expended to defeat Rfor.
tos. The advance is one cent on corn,
three cents on oats and two cents on
Placing the corn crop of Nebraska t
300,000,000 bushels, and supposing that
two-thirds of it is shipped, this advance
of 2 cents per bushel would mean the
snug sum of $3,000,000 for the roads.
Ahuverand ahinnernf corn ta vroll
satisfied if he can make a profit of i
cent per bushel. The roads have been
lean-vine corn at 2ft nentji r inn tnr
nearly two years. Now they think the
- 1 farmers ran stand if and arM mm
that means three millions nn this '
n rod not nn
Our production of wheat for this
I vnar cannot, fur nn from an iuu nm
bushels. Two cents per bushel advance
mains scoo.ooo out nf the rmi-ota nf .
These am eetimiitj for freight ainna
It is well known tint the elevator men
will discount the price much more than
the advance of the freight, so the above
figures do not show nearly all the loss.
Whr.t kind of a civilization is ours, in
which an interest which was created bv
the people for the performance of a
public function solely in the interest of
the people can thus compel the people
to stand and deliver?
How do the stav at-home farmr
like It? Had the election been carried
by the independents thia dvno
grain rates would not have been made
LITTLE AMD THOSE EASTERN"
Editob Alliance: There is at least
a silver lining to the cloud.. Since Mr.
Post is elected, perhaps Mr. Frank W.
Little's capitalistic friends from the east
WM come to Llhcoln and Invest large
sums of m mey for the purpose of giving
I employment to labor; n men twelve
I hours per day at fifteen cents oer hour.
They can come and grab valuable
franchises, ignore all the conditions and
limitations connected therewith, treat
our citizens with Insolence, and help to
run our elections in the interests of the
And just here let me ask, why does
not the city take charge of the street
railways and run them in the interests
of tho people? We could then have a
ten minute service with a three cent fare,
and Pa7 a larg" surplus'into the city
4MMBnM, m.Vh -1 J .
""-u,jr cnuu jrwai uesiuos.
I Thia onn OQollif Vin dnnn rM,A.,(
i"g conductors and motormen more than
mwuki idi uav, ut, oav. iwe hv-iivh
cents per hour.
THE IMPENDING CALAMITY. '
The slate for Nebraska politics, made
up at Omaha, and based upon the suc-
of Tost, is as follows: Rosewater is to
bi chairman of the Nebraska delegation
to the republican national convention
and the Postmaster-general of the next
administration; Mr. S. D. Mercer is to
be srovernnr. Furmnn nf V.hN.v.
how do vou like itt A
I raised to tnp Snnrpmn fonvf ft,
ZZSZIJZ 1. lit ?
ftvMuuv, 1UI UIO L C-
lief it will be to the state.
Poor Tom Maj us! He's out in the
cold, and will have to stav at hnma
fight it out with Church Howe. wth
Church sure to be on top. No man was
so effectually snuffed out as was Church
in the late legislature. He Is sure not
to forget it. There is only one way Tom
can get away with Church, and that 13
7 ?f T Tymg poker; aBd Cnurch
Iplay 0ther ve1?le'a ame8 t0 "J
RSSPFrra rn rnv venra a
jiair o II UALL.
l . - i
express our sin nai-a
thanks to onr geniul friend. nl Tn
Htde, for his kind notice in the Evening
News of the 10th. Such ameniti. fnrm.
a brilliant contrast to the brutal injus
tice practiced by the railroad concern on
the comer of 10th and P streets Wh t
the Colonel don't know about making a
SDicv and rsadahlo i ..
k wui worth
nTn- And we miht as U include,
me iimiu I nil in nn,.on ; .
...j. I ".iuoigra,U-
tuue. Conner men walk the earth than
Messrs. Cox and Bushnell. We have-
hP(,n th r0nir.t ,
b V1?160 ot "forxu kindness
! J .LT Wl?lch' in the madrush
, " ear we.llave bee too slow to
IT, . T. oge' our enest wish
i na r r nan ma l ...
,,h l7- nave the tno
'"i:?". IuaKe part "mends. In
, " L 1 .u.J. Ca8e 11 ls only pessary
1 " uuu lor mm. ail
I IJn U'T" an H . ..... I l i i
LV ol au reiorm Jrnals,
rr that Cfn A 11
lne Non-Conformist, late of
Kansas, now nf Tn.ii.nonni;. t
. .. ' . iueir
....ujr yu.uui.au uueruiiu Ce&tS
for balance of this year. The Alliance
mil gum h n.... r
would rejoice to know that every voter
in Nehraska hart-" in
' - ' ujui inp
with it. for then not onlv 1
- . . . J
sure oi a great subscription but by tak
ing advantage of the elnh .t kf u .
I K C7I m-mmr UiU UUlin I J 71.
pers would go where too r.ftr, .n w
Pwy weekly is now taken. You can
swear bv the old "Jt7...
tST Mr John G. Pollock thank. ta
Bee tor its support of Mr.Pt m-
Pollock Is " a rock-rooted moss back
democrat, and ft staunch U. P. railroadi
Powered by Open ONI