1
J
DECEMBER 7, 1893
THE ALLIANCE -INDEPENDENT.
v3
RIPANS
TABULES
REGULATE THE
STOMACH, LIVER AND BOWELS
AND PURIFY THE BLOOD.
i the i
V
J
KIPANS T.VBl LKH
ssaa kaawa l-'T lBinlln. BUI
live Traaklnk UtariMa. Ba4 CwriulM.
m(fl, 0ITchi Brealfc, sad all ate. f
reel r the aiususefc. Liver aa4 BaweU. J
Bipaa TabUH cootfun Bothta lajnrsaa. (a
the stoat dMw are eofMtitutkm. Ait piia nt to
'take, safe, rflntual. and (in imutHliiuc rrliet
Bii i -lit ). 7∈ parkaK(4WonX
a. Mar be nrnend thruturk nwwl drainrlst,
or by mail. (iji,t fra bv mail. AMnm
THE RIPAWS CHEMICAL CO..
it aMICCB STEEET. VE YORK CITT.
DR.
MCCREW
U the only
SPECIALIST
WB0T1XATS ALL
PRIVATE DISEASES
and DEBILITIES of
MEN ONLY.
Vmm Exelu.e..
18 yean experience.
Circular, frae.
14th and Famam St .
Omaha Nae.
Si
WIFE
CANNOT SEE HOW YOU DO
IT AND PAY FREIGHT.
CIA CTI Sv.la.OiaW lapnMBIIKIIth
)IU.M aaMka. vtth ft napka wi f ftt-
Mftilaf ml fa. 10 i r wiHMHf
vbtrft an Vt rffty.' IHal. WftWMf .fa-
w. 1..IUU w a with rw -
Bar fra kMT, M Snlm' U4 Mali' SMSL
WrHft k) fc u USUI riU CATAUXlUt
Odor. Itf, C, 312 film, in, Oicag, UL
Lincoln, Nib., Adj. 19, 1893.
Wpk8aUnc Bath Co., Lincoln, Neb.
OeoUemcn I have been a victim ot rbeaatatisni
tar several year, past, I have suffered intensely it
awn, ana nave rone 10 me rim aonna-s 1 dwui
ota, and the Hot Spring, of Arkansas
aiMa, seeking; relict. 1 Have also taken asacs
ne under the direction, of able Dhvndaa.,
t one month airo 1 differed from one of the
I violent attack, of the disease, and at once be-
sjaa taking hot salt water .bath, at your new ana
jrkadid bath home ui thi. city . Under the care oi
-bur gentlemanly and efficient attendant, Mr. Henry
Wtnumttc, 1 have, I think, entirely recovered.
Fro'n experience and my obnervation of the re
seats of treatment of many patient, at the Hot
'Spring, above named and at your bath house, I am
avucea uut oetter.no quicaer results can pc oa-
Bed by a course ot not wit water oatns at your
h hmue than at anv other Dlace in the country.
I do not heiitate not onlv to recommend, but to
fre every person suffering from rheumatiwn to try
s of oatn at your Dam nouse nnaer me
n. of one of the ohvsician. in charire.
believe vour new and nuuzninceat bath house
M rove a great blessing to the many victim,
rheumatism In this vicinity, and I hope it will re
live the liberal patronage it merit.,
f Voo have not requested of me any testimonial,
. I deem it proper tnat 1 insula .csnowieage tnc
arc what I have mid in such manner as yon
r deem proper. Very respectfully,
I, B. Stkodc.
The above from Judge Strode is but
a sample of the many similar testimon
ial we have received without solicita
tion and which will appear from time
te time in these columns.
Solpho-Saline Bath Co.
1 ( urltf nth and M Btreetss, Lincoln.
i
rrj
r rourst
tactto
hew no. 7
GOODHUE
ALVANIZED
Steel lis.
BEST IN USE.
Get our prices before
buying. All slfces Wood
ana Stent Pumping and
Power Mills and Machin
ery. Stel Tower.
Agent wanted. Prica
to agents tU4 Write us
before buying.
rnnrlhnn Wind Enerlae
UUUUUUC company,
St. Charles, III.
mettonThe Allianoe Independent,
PATRONIZE
Ttie Oaly Line Under One ManagemeBt
r non
Lincoln to Points Below.
raa VDVMnHT UTnrrT PTTV
I1U W MM IHA NHKI.I In
KRRB HASTINGS DBS MONIES
tJBON 8UPEKI0K MABSHXrWN
JTCHKLL T T ' "V" BOONE
Miu AUKEE
U8KO6H
ON
HA .JH!lr'
WINONA J
13 1 M
OT. rAU'
v. .A.
KAU CLAIRE
MADISON
Chicago
RUM ALL T 'TTT . n FREFPOBT
A JJ B.XAliiio AURORA
RU'TTB Wro ELGIN
SAN ABA lumu,u DIXON
frm& 1 alas to CDlcago ana su rani.
Crop. Cohksctioiii roa All Powt..
BtST KQC1PMENT8 LOWEST BATES
A. 8. Fin.niNa. W. X. SHtriiAa,
City TkL Ant. Gen'l. Agt
OfllM 1183 O St Depot Cor. 8 Bad St '
LINCOLN. NEB
I f l jrii 1
.1 niTiTiliiTi.
I IIIIIIIIIIUIIIIII I
(1 Ts
BEST LINE
TO
ST. LOUIS
AND
ft
4 m
HICAGO
Nerve
Tonic
Blood
Builder
levnpiva
naaithlC
.WIUJa?LS
KEDICLE CO
SchenectaJy. N.Y.
Brock vilk. Ont,
PATENT
JL
SOLICITORS.
SUES & CO., 0RSav,.
Four year'c experience as examiner n the U, 8.
Patent office. Advice free, ao fee until the patent
Is obtained. .
$20,000 TO LOAN TO WORTHY
STUDENTS.
There are in the weat thousand, of young
men and women tied down, by lark of educa
tion, to pursuits which they heartily dislike
and in which tbey will never excel. Are you
one of them If so. tbla college can put yon
on the road to success if you- have ambition
and a willingness to stud v. We teach every
necessary for a successful start in life.
If yeu have not the funds we will five yon a
full court e and let you pay for it afterwards,
as yon earn the money. The number received
on this plan will be limited to one hundred
and twenty students. Fifty graduates last
year. Eleven states represented, Electric
Shorthand taught which la the shortest and
best.
After you have read all other atalogo.es,
send for ours and we will leave It to your judg
ment which college in the West ranks first In
standing. Address,
A. M. HARQIS, President,
Grand Island, Neb.
World s Fair Highest Awards
on our INCUBATOR end
. BROODbR Combined.
'Old Reliable" teHl!
Ifyottar lartswMttd ia PoeiHry, H villi
, am FotthtT Cuttf. Addroa
-a w
EACLC BRAND THE BEST
ROOFING
I. unequaled for House, Barn, Factory Or Out
Buildings and costs half the price of shingles, tin
oririe. It is ready for use, and easily applied by
anvone Send stamp for samples, and state ike of
roof. EXCKL8IOB PAINT ROOFING Co.
I B8 Duane at., New York, N. Y.
CiiSAP FARM LAUDS
100,000 Acres Just Pat Upon the Market
1 SOU) OH .
Small Cash Payments
AMD
5 to 20 Years Time.
tojritAmNQ.
For map of Nebraska and further
particulars, call on or address, -
STAPLETON LAND COMPANY,
444 BEE BUILDING, OMAHA, NEB.
DiiTfE.
maim
Searles &
Searles
SPECIALISTS
Cure all forms of
NERVOUS, CHRONIC
AND
nniwivr nmr.nrA
mm
TUEATMENTBY MAIL.
Consultation Free.
We cure Catarrh, All Diseases of the
Nose, Throat, Chest,Stomaoh. Bowels and
Liver; Hydrocele. Varicocele, Stricture,
WKAK Ml SIXCALI.T.
Blood, Skin and Kidney Diaeases, Female
Weaknesses, Lost Manhood CURED.
Syphilis, Gonorrhoea, Piles and Fistula.
Call on or address with stamp for circulars, free
book and receipts.
Drs. Searles 4 Searles, 118
!xti 2S"-y
THE KIRKW00D
Steel Wind Engine
' fl.s been In oat stnre !. It
is ike nonei STfti mu. It
bs $itun. tmeiH, du.
Hiny, ro it; u & ,
Lenra lb- mill lor you to buy.
ThotiMud have um t
our sti f owtfs
Have 4 antltstaol corner koals.
.ubaUullai tel airta "d
brace, not lenos wire. They
sr II0H1. $mvH1, fiKPtl (
CO$rUCtl0 much rheaier
tna wwmI .ii'l wi.i Usi a ilfs
Dmsf Hir mlli. and hiwvr. are
Al L STRKL and are rl UY
tilAKAMTkKli Wril fir
pritw u1 tireulara, A44raa
M.aUuuii g lane paper.
lifilWOOO WIX3 ENGINE CO..
Arkansas City Kansas.
I
Notlco,
Anyone ran obtain frve .ilicr I lira
Hire hy a.i'lra eit(f The Vn Americaa
Bl-MuUil'o Avlavlon, (Vtavr, Culo.,
aid onuUielaa' piUi fur tain
V NiwlhwesWra ll In fnlcatf.,
f raw. I ast train. Offiee IIM
0.U
Intrinsic Value.
it is a Term Invented to Fasten
"Bond" Slavery Upon
the Masses.
legislative Limitation and demoneti
zation of gold the only
way of escape.
By IIok. Wm. 31. ftTKw AaT.
THETBOBLEM OK MOXEY.
The word "value is the stumbling
block in monetary science. The advo
cates of the gold standard contend that
"value" Is intrinsic and consists of the
?ualities of a thing which render it u so
ul. The economists who assert that,
other things being equal, the quantity of
money in circulation determines the pur
chasing power of each dollar or other
unit of money, define the term "value,"
when used in monetary science, to be the
comparative worth of property ex
changed as estimated by buyer and
seller in the consummation of a contract
of purchase and sale.
INTBWSIC VALCB THEOBY.
If "value" is iut insic and adheres in
money, the quality of the material of
which money is made is all that need be
considered. The intrinsic quality of
gold is always the same and its value, if
intrinsic, must be the same now as it
was in the beginning and a it will be to
tho end of time. The entire argument
of the "intrinsic value" school maybe
stated as follows: The value of gold is
the intrinsic quality of gold itself. The
quality of gold can never change; there
fore, the "value" of gold is always the
tame. If we admit the premises, the
conclusion is inevitable.
If all the rocks could be converted
into gold, an ounce of gold would be
worth just as much as it now is. Vnd-r
this theory gold is the true and un
changeable measure of value of all other
things. A gold dollar would buy no
more if there was only one gold dollar
In existence than if there were ten thou
land millions of such dollars, because
;he intrinsic quality of gold (which de
termines its value) would be the same
whether the quantity were great or
imall.
The legislation of United States and
Europe for the last twenty years has
Jeen on the intrinsic value theory. Sil
rer was demonetized and more than one
talf of the metallic money of the world
rejected on the theory that quality alone
Setermines the "value" of money. If
ihis theory be correct, why sell bonds
ind buy gold? Is not the quality of gold
ive now have the same as the quality of
ihe gold which it is proposed to buy?
Is not the proposal to buy more gold an
idmission that quantity is an element in
Ihe value of money? How can such an
tdmission be harmonized with the pol
Icy of the legislation of the extra session
ind the mandates of the London and
tfew York syndicate?
The goal of sound money (according
io the authority of the President and his
idviserBi has been reached, and every
Sold dollar is as good as every other
old dollar of the same weight and flne
less. No poor laboring man can now
e defrauded because his gold dollar is
lot Just as good as the gold dollar of his
rich neighbor. The demaud for good
noney, so urgently pressed by the gold
tings in behalf of labor, has been ani
iwered by appropriate legislation.
Why should the laboring man com
plain? Have not the gold press, the
executive, the ex executive and all the
rold advocates on both sides of the
Atlantic yielded to tho demand of labor
for good money? Why should not the
rold advocates be astonished at the dis
tatisfactlon of the starving millions of
the unemployed. What right have the
masses to complain of starvation while
;he money in the banks is dear gold?
Why should the advocates of sound
money tolerate legislation to increase
the supply of money in rssponee to the
false and exploded idea that if there
were more money more people might
get some of it?
An increase of the quantity of money
would not improve its quality, but it
might enhance the danger of its distri
bution among tho masses.
Why should the gold advocates be
annoyed after they have spent so much
money and time to secure legislation to
make money good and dear? Why
should not every good citizen be thank
ful because no money except good money
exists in coffers of the rich? What a
debt of gratitude (in addition to other
debts) the wealth producers of this coun
try owe to the money chagers of Lon
don and New York for removing all
money out of the reach of all producers
to prevent loss by shrinkage of the
value of money in their pockets? What
a consolation it must be to all true pa
triots to know that there is now no
money but good money and that all good
money is in the safe keeping of the gold
combine where the touch of the common
herd cannot contaminate, defile, nor
mar its shining beauty?
The "intrinsic value" theory, if true,
is a full justification for the demonetiza
tion of silver; for if quantity has noth
ing to do with the value of money there
was no use for the four thousand mil
lions of silver coin in the world.
Is this bill reported from the finance
committee to increase national bank cir
culation consistent with the intrinsic
value theory? Will the intrinsic value
of national bank notes be any greater
than that of gold? What excuse can be
given for putting out more national
bank circulation if quality without re
gard to quantity is the only requisite of
good money?
The "Intrinsic quality" of money has
not been impared by the rejection of sil
ver. Why should the money function
of silver be rest oi ltd? Why mine more
gold? New gold will not Improve the
quality of the gold we have. Why ob
ject to the absorption of gold in the
arts if the intrinsic value of what re
mains will not be affected by a reduction
In quantity?
THK qi'aSTITIVE THEORY.
The school of economists bo believe
that the quantity of money in circula
tion, other Ibine being equal, regulnlts
the value of dollar or other units of ac
count, learn from the street corners that
tie "value" of a tiling is what It will
fetch ItiMkiuuch a there must be a
buyer aud a seller and a contract of
purehsaeand sale lief.'fe au article rau
'h aityihintr, the detiuitloa already
Then fits the ra. 1 repeat, "value" t
Ihe comparative worth of property ea
changed, estimated by I ujff ud seller (a
the cousmuuiKn ti a
chase and s'e
i toutract of pur
"Value" Mthrr adhere la. ir. per
talas to, any one thin It U a com pari
m of the dvsu.tl 11, ty o two uf tur
thinzs. Furh comrarlon Is an opera-1 a
il. .n .f th mnf kl f wnltlin of the buver I ' !
and seller resulting In aa exchange of I nd
Dronertv for property, no matter what I stf
the property exchanged Is. It may be
money, services or commodities, but an
estimation of the relative worth of the
thinra exchanged must be made before
the contract w congumaiea r,very
actual transaction forme some basis or
guide for etimatei of what would pro
bably be the excbaugeaDK) value lor
other articles or services in a contract of
barter or in the selling price of com
modities in money.
Price Is a synonym lor -yaiue," ana
commercial price Is also the compara
tive worth of nroperty exchanged as
estimated by buyer and seller in the con
sumption of a contract of purchase and
sale. The difference between "price" and
'value" docs not arise from any essen
tial difference in the meaning of tbe
terms but from a difference in their ap
plication. ' "Value" la applied to money
and "price" to the exchangeable worth
of commodities into money.
There are two conditions precedent to
either "price" or "value." There must
be a rfemaud and a limitation of quan
tity. If there is no demand there cn be
neither commercial value nor market
nrice. If the omuititv i unlimited. lik-
the air we breathe, and the the thing de Jr
sired can be obtained in unliniitecfl
quantities, without money and withoutT
price, then there ctn be uo comparative iL
worth or property exchanged to oe esti
mated by buyer and seller in the con
summation of a contract. But when de
mand and limitation of quantity eiist,
the value or price Is determined by the
supply and demttnd.
All property for sale is a aemana tor
luuucr. i tie ueuianu ,
therefore, equal to the demand for all
other things, aud is always a maximum
demand. The aggregate of property for
sale Is not only tho total demand for
money lint it U atao the suoolv of DroD-
erty.and all the money In circulation is
ooin tne tiemana ror -property anu tue
supply of money. A reduction, of the
volume of circulation diminishes the
supply of money and (the demand re
maining the same) enhances the value of
each dollar or unit of money. An addi
tion to the circulation increases the sup
ply of money and (the demand remain
ing the same) reduces the value of each
dollar or unit of money. Conversely, a
reduction of the amount of property for
sale (the volume of money remaining
stationary) increases the general price of
properly. An increase in tue property
for sale (the volumo of money, remain
ing the same) reduces general prices.'
Ihe demand for everything except
money is limited. The demand may be
greater or lem than the supply. If the
demand be greater than tho supply, the
price of the commodity will rise above
the general level of prices; if less than the
supply, the price of the article will rail
below that level.
A variety of causes affect the relative
price of commo litles and also their rel
ative value iu money. But fluctuations
in tbe demand and supply oi particular
articles do not ailect tbe aggregate de
mand for all property for calo or the ag
gregate supply of the money in circula
tion, becaufe as we have already seen,
the property for sale and tbe money in
circulation are reciprocally the demand
and supply of each other. When the
aggregate of all the property for sale and
tbe volume of money are stationary; the
general level or prices will also De sta
tionary. 1.
If the property for sa'o increases in
quantity and the volume of money
remains the same, general prices will
fall. If the aggregate of property is
stationary and the volumo of money is
increased, general prices will rise. If
the increase in quantity of property for
for sale and tho increase in the volume
of money are equal, general prices will
remain stationary and stability in values
will be maintained, which Is the end and
aim of monetary science. We have
already seen that the value in tbe aggre
gate of money in circulation is meas
ured by the aggregate of property for
sale. The property for sale remaining
stationary, tho value of money In circu
lation will he tho same whether the
volume of circulation be large or small.
It makes no difference what number of
dollars, or units, may bo required to
make up the volume of money in circu
lation, the value in the aggregate will be
the same so long as the total amount of
property offered in exchange is neither
increased or diminished. What part of
such aggregate demand one dollar will
be depends upon the number of dollars
into which the circulation Is divided.
Hence, the value or each dollar depends
upon the number of dollars in circula
tion. Any Increase or decrease In the
property for sale (the volume of money
remaining the same) will increase or de
crease the value of each dollar or unit of
money.
Hence, the increase of property for
sale and the decrease in the volume of
money produced by the demonetization
of silver are the cause of the decline of
general prices about 50, per cent, in tho
last twenty years.
When money is increasing in value
and prices are falling, everybody seeks
investment in money or bonds or other
credits which are money futures. When
prtces are rising, everybody seeka the
acquisition of or investment In nronortv.
In other words, when money is rising
aud property falling everybody Venires
w " "" "ey anu snort on prtTtT-
ercy. rruen prices are rising: and the
ar rt.-. a . l " ' - -----
vuiue ot uiuuty lauing. evervboilv
sires to go long on property and short
ou money. Individuals cannot rat-
money and can only go long on money
by the acquisition of monev nr iu..fl
aud credits which are nionev fuiia
Individuals can acquire prooertr ith
by labor and be lavehtment. No
wealth can De produced by going loug
on money. All wealth is produced hZ
going long on property by the use of
labor.
The value of money depends, as we
have already seen un the volum. .
circulation, which is now filed as we
shall hereafter see, by leeislutloa. If
legislation would supply sufficient vol
uiue of money to lake away the profit of
golug long ou money and would thereby
rucourage the accumulation of property
every willing hand would find employ,
incut and wealth and prosperity would
Increase.
I am aware of the fact that habit of
thought, education and prejudice attach
itn'iu importance to the precious uieu!
wiinoui etamintnga hat, if any.asvtm.ar
function they pern rm Theronversio,
of either metal Into money withdraws
front ve a a commodity. It can
employed as utonev and at the sainotl-1'
ued a a comment v. The use of I Th
money deprives It of at as a com mo r
and the use of il as a commodity ,,,,
prlvt It f its money function.
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