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About The Alliance-independent. (Lincoln, Nebraska) 1892-1894 | View Entire Issue (Jan. 25, 1894)
JANUARY 25, 1894
THE ALLIANCE -INDEPENDENT.
&C il The Rocker Washer
I (M MIIN- U wsarsssejw-
miili I---- nw
fa pnw u4 fall aiiptiaa-
ROCKER WASHER CO.
rt , ib.
tftstsl iijIhi""" lh
.IHI? STAR .
C0ILSPRIR6 SHAFT SUPPORT?
Lincoln, Nib., Aug. 19, 1S93,
Sulpho-Saline Bath Co., Lincoln, Neb,
Gentlemen I have been a victim ot rheamatisin
Idt several year past, 1 hare suffered intensely at
times, and have Kone to the Hot Springs o iSorth
Dakota, and the lint Springs i Arkansas Ave
tju es, seeking relief. I have' also taken tnuca
ewdldne under the directions of able phsiciaas.
About one month ago I suffered from one ef the
. saost violent attacks of the disease, and at once be
gan taking hot salt water baths at tour new aad
splendid bath house in this city. Under the rare oi
our gentlemanly and efficient attendant. Mr. Henry
Schmntle, I have, 1 think, entirely recovered .
Fro i' experience and my observation of the re
sults of treatment of many patients at the Hot
Springs above narr ed and at your bath house, I ara
, convinced that better and quicker results caa be ob
a . takied by a course of hot salt water baths at your
VSstli house than at any other place in the country.
I f I do not hesitate not only to recommend, but to
aqre every person suffering from rheumatism to try
course of baths at your bath house under the
' . directions of one of (he physicians in cnarjfe.
, I believe your new and magnif icent bath house
' will prove a arreat blessing to the many victims
!) ei rheumatism In tliis vicinity, and I hope it will re
, celve the liberal patronajre it merits.
? You have not requested of me any testimonial,
V but I derm it proper that I should acknowledge the
great relief f have received at your hands, and you
may use what I have said in such manner as you
may deem proper. very respectfully,
,J. B. Stkods.
The above from Judge Strode is but
sample of the many similar testimon
ials we have received without solicita
tion and which will appear from time
to time in these columns.
Sulpho-Saline Bath Co.
Fourteenth and M streetss, Lincoln.
WEBER CAS fc CASOLINE ENGINE
Simplest and mostecon-
omlcal engines en earth.
A boy starts lt,re
qnlresonly a few
an teed cost of
Bt Jl I
1 Mr LiWmliituMimUUtHMI
8 Jil AMP ANTUKATTLIK.
5jtM - 1 - "www
M ' kHktWiiK IMMt CMnhig
LJ nrg Of aw. Ma.ll.HL Hnri(WIaa.
i THE DECATUR SHAFT SUPPORT CO.-
V ruDUlUK ei. yrr
hour per H. P
I Write for catalo
Weber Cas A Casoline angina Co.
Box 60, KAirsAS Crrr, HO.
BEST IN USE.
Get our prices before
buying. All sizes Wood
and Steel Pumping and
Power Mills ana M achln
ery. Steel Towers.
Agents wanted. Price
to agents in Write us
.rtoi-..;i;rv 8t. Charles, III.
.Please metionTne Alliance-Independent.
The Only Line Under One Management
Lincoln to Points Belew.
MITCHELL T.T T'V
T ON ljAi "
MARSHALL T?r 'xtTTtt T a FREKPORT
K A SOT A XLK11ILL8 AURORA
M AKQ' ITS Wvnvrvn ELGIN
I8CAN ABA .WYOMXKa DixoN
Fast Traini to Chicago and StTaal.
Ctoes ConsacTiom for Au. Points.
BEST KQU1PMENT8 LOWEST RATES
A. 8. FiitDtwo, ' W. M. 8RrrA,
Cltj T-kL Agt. Oen'L Axt
OIHoa His o St-Oepol Cor, S sad Sth Si.
" ST. LOUIS
Schenectady, JK. Y.
BUSINESS COLLEGE. I
I "RIALTO BLD'O., NEXT TO POST
OFFICE," Kahsas Crrr. MO. j
' Most Practical Bnslnem College in the 1
WeKt. bnoitnana, lypewnting, uook
keeplne and Telegraphy. Shorthand
by Mall. Three leasona free. Send for J
I our SPECIAL SUMMER OFFER.
SUES & CO., JSiSittsB.
Four year's experience as examiner in the U. 8.
Patent office. Advice free, no fee until the patent
Make Your Own Bitters!
On receipt of SO rents, U 8. stamps, I will
send to any address one package bteketee's
Dry Bitters. One package makes one gallon
best tonic known. Cures stomacb and kidney
diseases. Now is the tine to use bitters tor
the blood and stomacb. Sena u. u. Bteaewe,
of Grand Rapids, Michigan, 80 cents, U. 8.
tamps, and we guarantee mat ae wui sena at
once. For sale by druggists.
CHEAP FART.1 LAUDS
100,000 Aciei Just Pat Upon the Market
Small Cash Payments
5 to 20 Years Time.
For map of Nebraska and further
particulars, call on or address,
STAPLET0N LAND COMPANY,
444 BEE BUILDING, OMAHA, NEB.
Steel & Wind Engine
Has been In nse since M62. It
Is the PIONEtft 8TECL MIU. H
hsi BEAUTY. STRENGTH, DURA
BILITY, POWER; W the beat;
hence th mill for you to buy.
Thousands bays them I
Ou Steel powers
Have 4 angle steel corner posts,
substantial steel nrts , and
braces; not fence wire. They
are LI6HT, STRONG. SlMPLl IN
CONSTRUCTION' much cheaper
tba wood an1 will last a life
time ! Our mills and towers are
ALL STEEL and are FULLY
GUARANTIED. Write for
prices and circulars. Address.
Mentioning thl s paper.
KIRKWOOD WIND ENGINE CO..
Arkansas City- Kansas.
Great Rock Island Roon
TO THE EAST.
BEST D1HIN6 CAR SERVICE IN THE WORLD
1 b Rock Island is foremost in adopt
ing any advantage calculated to im
prove speed an J give that luxury, safety
and comfort thnt popular patronage de
mands. Its equipment Is thoroughly
complete with vtstibuled trains, mag
nlQcent dining car, slet-iters and chair
coaches, alt the most tlt-gant, and ol
rcrxntlf improved patterns.
Faithful and capable management
and polite, hocsi stv'khi from em
ployes ara Important i'ctui. They ar
a double duty to ihe Company and to
travelers and It Is sonie'iraM a task
difficult of atfotnpllahmenl 1'aswo
gerson hl I In will flnd Utile cauwsfor
t't'mplalal on that ground.
For fall particu ara as to tlckeU,misi,
raws, anp'y to aoy c'iin ticket office
in the UoIuh) StaU, Canada or Meiion
or address: JNO Sf HASTI AN,
t..n1 Tut A rs At, t kl. k III
K T 40HX. Uu l Mut, i Til
lit IU.INUTON UOITK.
TUMOCUtt SLKCf SHA AMD CUAt CAM
timva eut so figui with th
Huritaf to ha It enuv to ttia a"
eimmH)allng U Iravsllng aublle
The latmt addlUoM to thlr airvaJt
st!aIIJ siltij.r Mr dally fssitt-
trs4a tratas stwa Uscola and ft
4uU through rwlialrg chair rara,lVI
tm vesllrialed slpuis 4 tite tvr
HMa,Uf dining rare.
Ail IUmimTi i n. A if- dpu ar
Ikmmr at tlty oB suf lOttt aad U
strssts atMut Ms mi Iralas ta Ot.
U'vts aal Um sowta.
av 'jr no-v
Fa"M Pstsr rVj
WoiJ0jr1C WW" V 1
' " - m, . ru n L , J
The Science of Money.
Civilization is created by making com
mon to all what is known or produced
by each. There are two inventions of
man which are essential to civilization,
namely, language and money. Neither
is useful in isolation while there is but
one individual to learn or to produce.
Spoken and written language make
acquired knowledge accessible to alL
Money commands services and all the
products of labor, and makes the
efforts of the whole human race con
tribute to the wants of each member of
society. Equally with language, it is an
essential factor of civilization, without
which man would soon descend to the
lowen condition of barbarism.
I am not aware that even a single
tribe of men has been discovered which
did not possess some kind of money.
The efforts of barbarians to create
money, which would enable them to en
joy the fruits of each other's labor, are
very instructive. Cowrie shells, to this
day, answer all the purposes of local
currency among certain African tribes;
Wampum, made from shells, fully pos
sessed the money function among the
American Indians; cattle were used as
currency in ancient Greece; the rxoney
of Iceland in former times was codtish,
and our Anglo-Saxon ancestors used
slaves as money.
With the advance of civilization those
various devices are abandoned, either
on account of their inconvenience, or
because they are too abundant. The
more civilized nations have used gold
and silver from earliest history. The
reasons why their use has been so long
continued may be found in their inde
structibility and limited quantity.
Throughout history the almost uni
versal use of the precious metals as
money, has educated the world to the
idea that the precious metals possess
some intrinsic quality which makes them
money, and to overlook the fact that
their money function was given to them
by Man and not by Nature, They do
not consider the fact that if, in the be
ginning, there had been dif covered some
other material more easily obtained,
more conveniently transportable, equally
indestructible and limited in quantity,
gold and silver might have remained
commodities without any detriment to
It must be borne in mind that, at the
time the precious metals were first used
as money, and for a long time afterward,
the arts of making, engraving and print
ing paper were unknown, and also that
the means of limiting the quantity of
money by law were very imperfect, on
account of the frail and nnstable char
acter of government. Every civilized
goverrment of modern times has given
numerous practical illustrations of the
possibility of producing paper money
possessing durability, more convenient
In use, and more cheaply transportable
than either gold or silver.
No fixed system or rule for limiting
quantity by law has yet been established.
This is the important question to be de
termined before the limitation, which
nature placed on the quantity of gold
and silver, can be abandoned. Before
discussing the importance of limitation
of the quantity of money, I will con
sider the function which money per
orms. II '
THE FUNCTIONS OF MONET.
Money is a medium of exchange and
a measure of deferred payments. In the
early stages of civilization the function
of facilitating the exchange of the prop
erty of one man for the property of an
other, was the most important use of
money. But at the present time, the
measurement of time contracts, so as to
do equity between debtor and creditor, is
the paramount consideration.
.When, by custom, agreement, or law,
a common representative of things use
ful has been selected, such common rep
resentative may be exchanged for any
property; because, by such custom,
agreement or law, it is made represi ta
tive of all property. The representa
tive of all property may, or may not, be
composed of material useful in itself,
without regard to the function of repre
sents ? other useful things; but it cannot
be m ley, unless It Is mado an order for
all things for sale, by some law, custom
or Understanding, which the people ob
serve, either voluntarily, or by force of
sovereign authority. It must be an un
questioned order or warrant of attorney,
in the hands of its owner, for everything
offered for sale, and for the discharge of
all obligations payable in money.
The power conferred by this warrant
of attorney, in modern times, is called
legal tender; because the law requires
creditors to receive it in payment for
debts. The use of the precious metals as
money, and the use, at the same time, of
stamped paper of no appreciable value,
have led to much confusion. The fact
that 'He precious metals have uses, - ther
than those incident to the representative
value conferred by the money function,
tends to complicate the rubject, and
leads many to suppose that it is the ma
terial in these metals, and not the money
function, which makes them valuable as
Nei her gold nor silver can be used as
a commodity, and at the same time in its
representative character, as an order for
all things for sale, and a legal tender for
the payment of debts. Anything which
is clothed with the money function of a
dollar, will psyadebt amounting to a
dollar, and buy a dollar's worth of prop
ertyno more and no less no matter of
what material it may be made. It la the
monry function which makes It a d liar,
sot the paper, the gold or the silver. If
there were no law, mtom or antler
standing1, by which the money fuuetinn
could be Cutitcrrtd upon anything bul
gold an I silrtr, and gold and stlvei
only could l contrrttd Iulo money with
out loss tr chrn.tbe amount of gdd
qutrsd to n ake a dollar, would be oil
a dollar, au J the amount of silvt r oe is
ssry to make a dollar, woald also be
woith a dollar. And If the money func
tion could on!y be conferred ttpoa a cer
tain kind of yellow paper, aad another
certain kind of white pjr. aad all
suck paper, both the ytllow and
tie wbite, eouM le coa verted
taoeey without loss or charge, the
aiunubt of yellow paper e,mted to
Risks a dollar, would N worth a dol
lar, aad the amount of w ait paper
rtu'red ft n. tl ism sruruut of
SMaev wastlda'fet Imi wrtba tt illar but
tkt value of tsefc tin'Ur la roratnoditlea,
fild depend on the uobf of suvM
IteJe a si a re, saves kas, aad Ih'te Is
to probability Ik at ska tm lit, yield
fruia Ike aslacs to taa of tltaer fold
r sliver, i botk, Ut as money
Itt.ltHMaliy, it be tivsr beet, 194
still is" safe 'and expedient to confer the
money function upon all the precious
metals, offered for that purpose by coin
ing them into money.
THE AUTOMATIC THEORY.
This limitation of nature is called the
automatic theory of money. From time
immemorial, previous to 1873, with few
exceptions, the great commercial nations
have furnished their people with full
legal-tender money, by coining all the
gold and silver deposited at their mints
for that purpose. But the caso is very
different where paper or any other ma
terial, which may be obtained in unlim
ited quantities, is endowed with the
money function. While the precious
metals were both used, a law providing
how much of each should be required
for a dollar, or other nnit of money, and
with u provision for the unlimited coin
age of both, was all that was required.
Hut where paper or other material of un
limited quantity is used, the law must
not only provide how paper shall be con
verted into money, but mut also deter
mine what quantity of money th ill bo
created from paper. In the former case
nature determines the quantity of money;
in the latter the quantity must be deter
mined by law. In other words, in using
paper in the place of gold and silver, the
law of Man must be substituted for the
law of Nature.
The automatic theory of limiting the
volume of coin, by the quantity of the
precious metals, is not a perfect system.
When the mines aro productive, coin is
more plentiful than when the output is
diminished from exhaustion of the mines
or other causes. In every age of the
world, when there has been an abund
ance of coin, there has been prosperity
as well; and, when there bus been a
scarcity of coin there has been ad
versity. Thus the automatic theory
works well whentue precious metals aro
abundant, and badly when they are
scarce. It is not a scientific system, be
cause such a system would furnish an
adequate supply of money at all times,
without regard to the accidents of min
ing. For 1,400 years previous to the com
mencement of the loth century it worked
badly, because very little gold or silver
was produced. For 300 years previous
to 1810 the automatic system worked
well, because during that period mines
were reasonably productive. Between
1810 and lHW.onacoountof the Spanish
American wars, which nearly destroyed
mining, the system produced ruinous
contraction and hard times. From 1850
to 1873 there was a copious yield of the
precious metals, and the progress of
civilization was marvelous. In 1873 the
automatic system was abandoned, and a
scheme ws ' inaugurated to regulate the
volume of the standard money of the
world by gold alone.
This undertaking has not been fully
accomplished, but, in its approach to
consummation, it has produced disaster.
It was the most radical financial revolu
tion ever undertaken in the history of
the world, and one which, if finally
consummated, must end in ruin. If the
automatic theory bad not been aband
oned in 1873, the prosperity of the pre
ceding twenty-three years would have
continued, because the output of the two
metals would have maintained a reason
able supply of money. The restoration
of the automatic system, by the remone
tization of silver would secure future
prosperity indefinitely, if the discovery
and development of gold and silver
mines should furnish an adequate pro
duction of the precious metals. ,
If modern civilization is to bo main
tained, the automatic system must
be restored, or a more scientific
system devised and established in
its stead. Education and habit of
thought favor the automatic system,
which, as we have seen, consists in the
nse of both gold and silver, without dis
crimination against either. The aban
donment of the automatic system has
forced the inquiry as to what necessary
functions gold and silver perform as
money, which might not as well be per
formed by some other substance.
VOLUME OF MONEY GAUGED BY GENEUAl
Since the arts of making, engraving
and printing paper have been invented,
a material has been produced, having
every essential quality of gold and sil
ver, for use as money, except limitation of
ouantity. rapcr is sufficiently auraDie,
cheaper as to cost of transportation, and
more convenient tnan coin, except ior
small chance. The only question re
maining is, can any sure and safe rule
be ascertained and established by law
for the limitation 01 quantity.
General prices furnish a rule or gauge
by which to determine whether the sup-
,ly of money is sufficient, or otherwise
'be volume of money in circulation, and
all the property for sale, are reciprocally
a supply and demand as to each other.
If the average price of commodities is
stable, the proper volume of money is in
circulation. All authorities agree that
stability in general prices is the end and
aim of monetary science. Any increase or
diminution in the supply of money, pro
duces a corresponding rise or fall In gen
eral prices. At the beginning of the six
teenth century, when there was only
about $150,000,000 of coin in circulation
in all Europe, general prices readied tbe
lowest level in history. A hundred
years after the discovery of gold and
silver in Mexico ana eouiu America, me
volume of metallic money was more
than quadrupled, and prices great'y ad
vanced. Between the years 1810 and
1850. the cutting off of the supply of the
precious metals, due to the Spanish
American wars, largely reduced the sup
ply of money, as compared with prop
erty for sale, and prices felt over 50 per
eeul. The new supply of gold from
California and Australia advanced prices,
between 100 and 1173, from 1 to 13
fercent. hinre 17.1, tbe reduction ol
the supply of standard money, by the de-luotH-lUailoa
of slUvr, ha produced
fall tu general price amounting la fully
80 per cent.
Tuts practical examples are In har
mony with the law of supply ant de
mand. A snpply of money, U eiccs of
the ieciUmale demand of business, I
but Ur!r!a, because it disturbs the
equity of time contract, and enable th
debtor to Uuvharee hi obligation la
itt-itey leee valuable tkaa'.h money la
circulation at Ike time Ike eoatrert waa
I1tt10 AID roftTMCTtO.
4 -xietUalty Increasing voiama of
moary I nevtaury to supply Ike la
tresied demsad, aila f rum the growth
t population and baatas. A de
crMiag vmuwe of stoat y, as compared
yilk ks demand, U dlei(ot It cos-
pels the debtor to pay in dearer money
than be undertook to pav when he en
tered into the contract. t discourages
enterprise, because property produced or
acquired by tbe investment of money,
declines in price, and thus the proba
bility of profit upon any venture is di
diminished. When money is advancin
in value, or, what is the same thing, ig
increasing in purchasing power, the bus
man instinct of gain induces invest
ments in money. Such investmer' are
made by exchanging property for iu ney.
with a purpose to hoard it, or for bonds
and other credits, which are invest
ments in money futures. Investments
of this character do not create wealth,
but absorb wealth already produced
When prices are rising, the same in
stinct leads to the acquisition of pro
perty. Property is acquired by pur
chase, and by production which results
from the employment of labor. - 1 he em
ployment of labor in production is the
source of all wealth and prosperity.
Speculators of every description, includ
ing dealers In mouey, in the language of
Wall street, "go long" on those things,
whether property or money, which are
ruing in price or value, and go "short"
on those things which they believe to
bo on the decline. Since the demoneti
zation of silver, money has been appre
ciating in value, and tbe competition to
acquire reliable money futures has been
so great as to induce people to accept
very low Interest, in view of tbe pro
spect of an Increase in the purchasing
power of money invested. The decline
of prices has been so serious, as to in
duco prudent men to go short on pro
perty, by declining to engage in new
enterprises, and by converting their
firoperty into money futures. Enforced
dleness, produced by the enhancement
of the value of gold, or what is the same
thing, the fall of prices, has withdrawn
the progressive and the ambitions from
productive undertakings, and -has led
them to seek wealth by investment In
money futures. '
An inflnito variety of causes affect
progress and prosperity. Wars, pesti
lence, famine and bad government, are
common afflictions of the human race.
But, in tbe absence of a known and
great calamity, contraction of the cir
culating medium is the only instrument
of universal misery. No form of civi
lization or government has been able to
withstand its blighting influence, or to
survive its long continuance. The un
limited uso of gold and silver, under
present conditions, would rescue tbe
country from pending disaster, and. if
tbe mines should continuo productive,
would secure a prosperous future. If,
ignoring well known facts, such as that
the quantity of gold coin in existence is
constantly being reduced, through
abrasion and loss, and, that there is not
any reasonable prospect of a future pro
duction of gold more than sufficient to
supply the arts, the money powers shall
continue to resist the restoration of the
automatic system, and to insist that the
volume of money of ultimate payment
shall bo reduced to the narrow basis of
existing gold, an effort must be made to
secure a more scientific money system,
which would dispense with the use of
the precious metals altogether.
BELIEF OB ECONOMIC REVOLUTION.
A paper money, representative of all
(troperty for sale, clothed with unlimited
egal tender quality, redeemable in debts
and taxes, and of a proper volume,
would bo an ideal money. If such paper
money were established, and the Secre
tary of the Treasury were required to
pay it out in lieu of all other money
now in the Treasury, or hereafter to be
received; if he were further required to
destroy all other paper money of what
ever description, In or to be in the
Treasury; and to sell, as bullion, all gold
and silver in, or to be paid into, the
Treasury, and to replace It all with the
newly-established paper money, the
volume of circulation in the country
would, thereby, be neither increased
nor diminished; but it would consist of
a single circulating medium, which,
to the exclusion of all other money,
would be clothed with the money func
tion and legal tender power.
Docs anybody doubt that the only
money which would pay dobts and taxes,
in the richest country In the world,
would be the best money? Everv resi
dent, and every foreigner, desiring to
buy property, pay debts or taxes in this
country, would be compelled to have it.
Would not such a demand be sufficient t
If it be contended that the present sup
ply of money is adequate, it cannot be
nwlntained that it will continue to be so.
The growth of population and business
constantly increases the demand for
money; and the supply must also be in
creased to prevent contraction. The
percentage of Increase of population 11
known, and a like per cent of money
could be added, by covering into the
Treasury a further amount of repie
sen tative paper money, in lieu of taxes,
and the paying out of the same for cur
rent expenses. The increase of business
might require a greater percentage of
increase in the volume of money, tin. t
the growth of population would Indi
cate. In that case It would bo necessa y
to resort to that certain and relial 1
gauge of the volume of money, which
found in the general range of pi Ice.
Competent and reliable statU litis ns
might be employed to investigate prl-w,
and acortain whether general pr e
were rising or falling. If rlalns;. a
amount of money covered Into the ti
ury, from time to time, might be dim
inished, and. if falling, an incro. I
supply must be found, until stabili t
general pricea should be restored
maintained. It is the volume of in .
which regulates general prices, u ,
by the rise and fall of general price-,
any excess or dedclcncy, in the voliuuu
or money in circulation, is auuwu.
ine reason way guc.
and the volume of money. repn.i
andcorrspnd to each other, is becaUMt
tbe money la circulation, aad all tbe
probity for al, are reciprocal y tb
suuolr and demand for each other. Jut
coo f ui which etUt with rei;'d to
the relation between money and prices
ariet from a comparison of loUud ar
ticle or rotuutuditi, with money. The
duinsud for mocey is equal to the de
mand for ait other thlux; bcrau it I
Ihe universal order fur propt-ny; bul th
demand for each kind of property I
limited. Its value, s eonird with
other roprf y, and Us price In mousy,
r eread Mou Us supply aud rfeioaud 01
the part ruiar Mud of prpny. Tbe
QiM-tualluas, In firico or value, of every
t!sscfli'io c I s "y. I obedience to
tkelaof supply aad demand, hare so
effect npua Ike rrret-at a'u of all
Kroperty offered fur fr that value
1 veodrnt, solely, upon Ike total sup
lv of money.
SCIENTIFIC REKOUH OB D&8TRGCTI03.
Whatever credit device may be in
vented, whether government or bank
currency, redeemable in gold, or private
cheques, bUla of exchange or other
promises to pay, the volume of the cir
culating medium must ultimately de
pend upon the volume of mouey clothed
with every money function. Money re
deemable in other money is simply a
form of credit. Credit is limited by the
means of payment or redemption.
Since prehistoric times and np to the
year 1873, the fabric of credit. Includ
ing currency redeemable in coin, rested
on both gold and silver. That part of
the foundation which consisted of sil
ver, has been removed, and the silver
coin, which formed at least one-half of
the base, has been converted Into credit
money, to be redeemed in gold. In
round numbers, tho gold coin, silver
coin and paper money of the world, are
about equal to each other. The pyra
mid was firm and substantial while gold
aud silver were the base and constituted
two-thirls of the fabric; and while pa
per, tho apex, represented only about
ono-third. It now stands: gold coin,
one-third, for the apex; and silver and
paper, two thirds, for the base; but tho
pyramid is reversed, with the apex at the
The load of credit resting on gold
must be greatly reduced to correspond
with the gold standard, and that is the
process now going on, which has pro
duced the current financial "squeeze,"
and to which the authors of tho ruin point
as an "object lesson."
.The hope of relief by increasing debts,
or issuing more currency redeemable in
In gold, is vain. Tbe inflation of prices,
by issuing paper redeemable in gold,
without gold for redemption.must end in
panic and collapse. It would be like at
tempting a permanent cure of delirium
tremens by an increased indulgence in
strong drink. The graep of gold con-
traction can only be temporarily relieved
by credit devices, as a patient is some
times revived when suffering from the
effects of alcoholism, by s cocktail In the
morning, only to be sunk to a still lower
depth of depression by tho inevitable re
action later in the day.
The alternative of scientific money, of
material other than gold and silver, or
the restoration of tho automatic theory,
is presented to the creditor class. Tbe
revolution which they have inaugurated
to destroy the automatic theory, must
either be arrested by the restoration of
silver, or by tbe invention and establish
ment of a better system.
The preliminary effects of the gold
standard contraction.have paralyzed en
terprise and destroyed the prospect of
future credits. It is now destroying ex
isting obligations, and, when l's deadly
work shall have been fully accomplished,
all bonded debts will have been liqui
dated by repudiation and bankruptcy.
If blind greed is to bo the only guide of
the money powers in tbe future, aa it has
been in tbe past, the horrors of universal
ruin and the disorganization of society
may be realized before tbe work of re
construction can be begun. Tbe hope
still exists that there is sufficient intelli
gence in the masses, to direct their dor
mant energies in a mighty effort to
break the chains of contraction, with
which fraud and avarice have bound the
limbs of enterprise. If this hope can be
realized, the civilization of the Nine
teenth Century will escape tbe abyss of
degradation and want in which all pre-'
coding civilizations have perished,
Wm. M. Stewabt,
Washington, D. C, Jan. 16th, 1894
The Leavenworth Wan Nomloatad by th
President for Marshal or Kansas.
Washington, Jan. -The long bit
ter fight for the United Statei
marshalr.hlp for Kansas has ended
at last and Senator Martin and bit
man, Dr. Shaw F. Neely of Leaven
worth, are happy while Colonel Jonei
and his friends and the stalwarts an
The President sent the nomination
of Mr. Neely to tbe senate at I
o'clock this afternoon, and this settled
the matter for good and all, for Mar
tin will see that he is confirmed.
Other nominations were as follows:
Minister to Corea J. M. B. Sill ol
Associate justice of the euprems
court of Oklahoma A. Curtin Bierei
Receiver of publie moneys Thomas
J. McCue, a Colby, Kan.
Registers of the laud office James
N. Fike, at Colby, Kan ; John I. Lee,
at Dodge City, Kan.
NORTON. KAN., TO THE FRONT,
Sixty Thousand Hollars rr tbe Corliett
Norton, Kan., Jan. ". Tho Norton
social club, of this city, through its
president. Sol Marsh, to-day wired an
offer of 60,000 for tho Cor oett-Mitchell
Scientist Civsa i Casper Ciir'.a.
San Antonio, Texas, Jan. t Thi
remains of Dr. Clintoa Cavendish, the
English traveler and sciential whs
died here Saturday, was given a pau
per burial yesterday. The only money
found on deceased was l.0 ia South
American billa, which tho banks here
refused to accept in exchange for
American money. The amount was
aent to New Orleans for exchange.
Saat re lietreuehmeut. .
EwroKiA, Kan , Jan, . Au order
went Into eflVet here thU morning re
ducing the tl no of all Santa Fe uia
cbtn.ti, round houe and shop men
l(K'!ttod hero two h iura It i s.iid the
order is general over the entire sys
tem and thiit tho receiver), are la
every ay seeking to redu. the ea
peusvs of the road.
rhyi'inat the Merer hospital,
Chicago, have engrafted aeventv-tw
. 111 urn iiubra of skin from the thighs
of e. state Attorney Blake ot Ottawa,
111., 00 the Urribly burned arms of
rriNaM Mat likely.
Waauixotui, Jan. 9 ll Is resrardvi
a practically aettlmt that So U liar
r Uin's nomination to be euvto na eat
lector at Kanaa t'llv will be rjK-tHi
It h also 1 1 tm more than 1 rob
bl that Ihe nomination vf Mr Ultra
blotter to the supreme euurt "mll
will b rejected by the aeaete.
IsritiMty AasHUelu at t?.i '
Wasuisovom, Jan U, - Ueiierai
Wheeler, chairman of Ih ho etio
roit'ee on territories has no bop of
gelling mk the bill for the adill'n
of New Mt h and Artsooa until ef
er th tariff Nit ia UWoed ot The
they will V tbe regale order.
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