A CAIIPAIGN OF HYPOCRISY.
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(World -Herald.)
nated him. the committee that managw hi. campaign and the corpora-
The hypocrisy of the claims upon anti-monopoly voters made In be
0f Mr. Reese, the republican candidate for Judge of the supreme
court. Is well revealed by an observation of the convention that noml
tlo pluggera who plead for his election.
The convention that chose Mr. Reese as a candidate was made up of
such well known corporation men as J. A. Piper. A. M. Post H. A. Rus
sell HE. Palmer. John T. Mallalieu. 8. W. Burnham. Matt Daugherty.
R. B. Schneider. R. S. Monroe and P. O. Hedlund.
J. A. Piper. J. S. Hoover. R. 8. Norval. J. T. Mallalieu. 8. W Burn
ham. A. M. Post and other well known corporation men constitute Mr
Reese's state committee. Orlando Tefft, who in the sla e senate of MM
made such a vigorous fight in behalf of the railroad lobby t
the maximum freight rate bill. Is chairman of Mr. Re e se . late com;
mlttee. H. B. Palmer, who was such a corporation man that a repub
lican organ dubbed him "Holdrege's maa Friday." la chairman of Mr.
Reese's executive committee. And a Bee reporter la secretary of Mr.
Reese's state committee. . ,.
Wherever there la a corporation plugger in Nebraska there will be
found a man laboring for the elect! o. of M B. Re. And yet under
these conditions these people have the effrontery to claim that Mr. Keese
to"ur Th7ng further wa. neded t. reveal the otter hypocrisy
of Mr Reeae it I. found in Mr. Reees grandiloquent announcement that
he will not make political speeches because such a course is not In keep
ing with the dlgnUy of a candidate for fudge of the supreme court. The
World Herald hi, shown that Mr. Ree made atleast teTow a
this campaign one at Lincoln and the other at Fremont, but he now an
nounces that public apeaking la beneath hUdirnlty
In truth Mr. Reeae haa been whipped from the stamp by the expose
of his bad record. He doea not dare to face that record. He cannot ex
ptaln that record. He knows that for a period of three year, the neopto
Nebraska trusted him with It a year and he knows
leaa to that trust. He knows that instead of using that money to pay tor
stenographic assistant, as th. law provided he made out vouchers In the
names his son and his wife, approved those vouchers, received the
warrants for which those vouchers called aad drew the cash on these
W'ltUwuld hurt M. B. Reese's dignity If he saade any more public
speeches; his dignity would suffer If he appeared befo ! PPle Jj!!
them see what manner of maa asks for thelrvotea But M. B. Reese
waTnofso almighty dignified when It came to handling a trust fund of
$1.00 per year. Although he was a Judge of the supreme court he be
rried his trust and approved vouchers whereby he himself drew that
money out of the state treasury n the names of memb of h family
No wonder Mr. Reese has suddenly discovered hi "dignity. He
thought the records would not be disclosed, but now that exposure has
been made, now that he is confronted with records which he cannot ex
plain he falls back upon his "dignity" aad refuses to make any more
speeches to the people of Nebraska.
The Grand Island Independent, a repuMloaa newspaper, is Its Issue
' ,USupreme9,Judge' Harrison has acted sensibly by statin In an In
terview that he would not be a candidate for re-election, because ne
realises that there Is a sentiment In the state that Is opposed to bis
renomlnation. He probably could not be nominated even If he
wanted to. because It would be inviting defeat, and HB CTORTArN
LT COULD NOT BB RE-ELECTED. HB KILLED HIMSELF
WHEN HB UNWISELY APPOINTED HI9 STEPDAUGHTER as
his clerk or stenographer with a $1.00 salary-Mr.-
Reese ha read this. He knew that Harrison was defeated for re
nomination for the reason, as stated by the Grand Island paper. Mr.
Reese knew also that where Harrison waa the .feeble imitator Reese was
the original sinner. Mr. Reese knew that where Harrison simply placed
his stepdaughter on the pay roll and permitted her to draw the money
that Reese placed both his son and wife upon the pay roll and Rfc-EHb
DREW THB MONET HIMSELF!
Harrison "Killed himself." ...... .. a.
Is Reese entitled to honor where Harrison was entitled to degradation?
VIEWS OF SENATOR ALLEN.
Madison, Neb. (Special.) Bx-Sena-.
tor William V. Allen today gave for
(publication the following Interview:
"I have lust read, in the Omaha Bee
,f the 23d Inst., the address of D. Clem
Dearer, In which, among other things,
he says he considers it his duty to
keep the voters of the populist party
informed regarding matters that vi
tally concern the welfare and future of
tbelr party. He also observes that
. there has been hatched In this state a
. conspiracy to destroy the Independence
of the party, and that he holds the
, absolute proof of that fact.
"The members from Nebraska of the
, national central committee are Mr. Ed
sataten, Mr. Deaver and myself. Aa a
'member of the party and of the na
tional central committee, I must say
that I have never bad the slightest In
timation that there was a conspiracy,
-or even an Intention, to destroy the
Independence of the populist party, nor
have I any knowledge of the existence
. of proof of such a purpose. I think
Mr. Deaver is In error; In fact, I am
weU satisfied that he la. Conspiracies
do not depend upon the standpoint
from which the situation is observed,
and however aggrieved an Individual
may be, be should not suffer himself
to charge the existence of a conspiracy
- to Injure the party where shuch a con
spiracy does not, in fact, exist. I
speak as the personal and political
friend of Mr. Deaver, for we have been
friends ever since I have known him.
. and I have a very nign person re
gard for him. but his Imagination has
- evidently gotten the better of his Judg
. ment In this instance. It Is possible
that Mr. Deaver has a personal griev
ance against the chief executive, but
whatever the truth In that respect may
'be this fact should not lead him to
charge the existence of a thing that
i has no existence. It Is Impossible for
-Governor Poynter to satisfy the wishes
. fevery member of the party, and to
-promote the ambitions of every lnd
ridual, however deslrabK In the ab
stract, such a consummation might be.
"party discipline aad loyalty to the
great principles of government should
be stronger than to permit one whose
ambitions may have been temporarily
.checked, to abandon the principles of
.Ma party and charge It leaders with
the Intention to become "benevolently
aasim Bated' hy soma other political or
nolsatlon. Interviews such as have
Esntfvtn out by Mr. Boyle of Kear-
-ney and Mr. Deaver, are well calcu
tatsd to mislead and deceive those who
-do not know the truth. If there la any
Intention, on the part of the democratic
carty to swallow the populist party of
Tr . ha max dlaO
ointment in the democratic ranks, fot
"" 1,1 . n.i.l . la than
It cannot o accwmw.w. w -any
evidence of a consul racy, or eves
i.-.inn ah ttu nart of the
leaders of the populist psfty. b Pr-
mlt this process oi oegiumw- w
accomplished. There la no occasion to
-TY. I-.-. nr tha nartv aa-alnst
i catastrophe, for It Is not within
we rang of poslbtllty. I know noth
2I of the democratic machine In Ne
braska, but I do Know, or at least
jULvVevery reasonable cause to believe,
-that there la no Intention on the part
-t.in tn swallow the popu-
" nnnni hasten events:
.etreumstances and the changes of time
- - " Us ronoi uu wm . mirm -?u.
TTTL-a- aiuel Mm tHsMVl Wtt fllUlt TH
ST K would bT bwij
SMDStSanst llllll'ISSIIlll lor w -
' w ' ' i .A wnam.
and oasaoeraue - - -
. . l7L nHnetnlsa of aov
IjasMnt -- they are today, and yet
h have seen nrougut very cimw oy
, r aatursl evolution, and
" aw wllowlne either
Tipt tstdrrldual membership of
. -. . (Maa)aaUoa, ay conscientious ana
jimfrt iT. bu been Jbroughtto
. , the snsftc Hffht, and I do net
" . ,.) eeasr v ihw uus tawy as
repeatedly invited .and continue to In
vite, the voters of this state to co
operate with us In rescuing the state
Institutions from the control of the re
publican party, it would be absolutely
unwise now to say or do anything that
would retard the consummation of this
desirable event,
"A one somewhat closely connected
with the state and national populist
organisation. I have yet to learn of the
existence of any purpose anywhere,
among any claiui of people, or among
the members of either party, to begin
or consummate the profess of party
tUaintegration, I am satisfied that Mr.
Deaver has permitted his Imagination
to get the better of his Judgment, and
when he more closely examines the sit
uation, he will see that he la mistaken.
"As respects the present state admin
istration, as well as its predecessor,
ne one can candidly find any substan
tial fault. Governor Hot comb possess
ed la a very marked degree exceptional
executive ability, and this he exercised
cals-iy aad wisely in the Interests of
the state. The choice of Governor
Poynter aa his succcessor was equally
wise on the part of the allied forces,
and I have no doubt he will be renom
inated and re-elected a year from now.
The duties of the governor are oner
ous and exacting- It Is Impossible for
him to meet and comply with the
wishes, the ambitions, the whims and
caprices of all the members of either
or both parties, and it follows, there
fore, that some must be disappointed.
Governor Poynter has made wise selec
tions In almost every Instance, so far
as I caa hear or so far as I personally
know, and his appointees are compe
tent and worthy gentlemen. The state
institutions have been brought to a
high state of perfection, and have ceas
ed to be mere political auxiliaries and
footballs, and are now being adminis
tered In the Interests of those for whom
they were established.
'It Is really too bad that we cannot.
In a great state like this, conduct a
polll-v-al campaign without the crim
inations aad recriminations that are
calculated to Injure and belittle self
reapeotiag men; and It la equally to
be deplored that we frequently have
mare ts contend with In our own party
than we have to fear from the open
opposition of our political enemies. If
we would succeed, there Is but one
course to follow, and that Is for all
those who are In opposition to the re
publican party to unite their strength
and influence la electing the present
fusion ticket. If we do not, and our
opponents, la consequence of division
and dissension In our own ranks, are
placed In power, to conduct the affairs
of the state In the future as they nave
In the past, we will have those who
sowed the seeds of dissension to bold
responsible for the harvest.''
WILL OONTsK WITH EMPLOYES
raH River. Massw (Special. -Tha
Maa uf acturars association today de
cided to accept tha Invitation of the
labor unions to confer on the question
of wages, the M.SM operatives seeking
an advance. It Is stated upon good
authority that the manufacturers gen
erally consider this aa inopportune
time 'for granting an Increase of wage.
They do not see, however, that there
can be any harm done in appointing a
conference ooromlttee and considering
the argument which will be advanced
br the textile committee. K mistake
waa made once In not granting a con
ference and the manufacturers do not
propose to blunder In this way again.
The representatives of the operatives
are pleased at the decision of the mi
facturers to grant them a conference,
They km to he aMe to bring the maa
wfaeturers to their way of thinking and
St a promise et ne
art -
BRYAN AT SYRACUSE.
CHAMPION OF THE PEOPLE AD
DRESSES CITIZENS OF OTOE.
Denounces tha Republican Party
and Its Fight For Empire
and Militarism.
Syracuse, Neb., Oct 45. A cold and
dreary day, a cold and drizxllng rain,
skies dark and overcast these were
the untoward conditions that William
J. Bryan met this afternoon on his ar
rival at Syracuse to greet his friends
of Otoe county. But if the weather
was unpropltlous the crowd was de
cidedly the reverse.
Hundreds of people were at the de
pot as Bryan came in. cheering him
and pushing and reaching to grasp
his hand. They escorted him up town,
many of them tramping down the mid
dle of the muddy street, the better to
see the familiar features so well be
loved. It wa at Syracuse nine year
ago In his first campaign for congress
that Mr. Bryan closed his series of
debates with W. J. Connell, presenting
him with a copy of Gray s elepy in a
country church yard. From that day
to this a love and reverence for Bryan
has been cherished In the breasts of
the fusion forces of this vicinity.
That sentiment was never before, no.
even In 18M, so deep and strong as It
Is this fall. The open fight which U
being waged by the republicans against
Bryan, that G rover Cleveland's wish
might be gratified, haa aroused his
friends In Otoe county to a ieeiing oi
ntanintirin and unconouerable
purpose. They are going to exert their
every endeavor to see msi nuitwuu
majority is so large tnia rail inai un-
n...i.ini mrtA Mark Henna cannot
fall to realise that Nebraska has again
Indorsed Bryan ana rrpuuiiu
Klnley.
DEOCOCRACT UNDIVIDED,
i. run. Mtnntv . mini Germans.
. -i tn - wnmn th.V are ODDOSed
to the republican policy of a big stand
ing army, and they realise that to de
feat thlfc measure their votes can be
made to count this fall If cast In re
buke against the entire repuoncan
ticket.
u. d d uana introduced Mr. Bry
an lii a few well chosen words and for
an hour and a half the leader oi me
nation's democracy pleaded with tht
people of the country to stand by
American policies aim pnniiic. .
Bryan quoted from Mark Hanna, hi
statement that the people need not
worry about the trust, that the repub
lican party would lane care m iucm.
"That Is what we are objecting to,'
said Mr. Bryan. "The republican pat
ty has been taking care oi me upl
and doing It all too well. The trusts
took care of the repumican panx
1 and the republican party ha taken
care of the trust ever since WM.
(Cheers.) .
Twi't vnu wnrrv about the trusts.
says Mr. Hanna to the people; 'we ll
take care of them.' Don't you remem
ber what the fox said to the fanner
In Aesop's fables, who was worrying
about his chicken house? 'Don't yu
worry about the chicken bouse, said
the fox; 'you go ahead with your plow
ing; we l ItaKe care oi in vuit-.
(Loud laughter and applause.)
WHAT A VOTE MEANS.
. T . iin in turn the lead
ing Issues of the campaign and asked
thst the voters this ran aeciare iwm.-
selves.
"It you are opposed to the republic
an policies of a big standing army, of
taking care or trusts, oi impwin,
. ia '..,i.tcp vnur oDDOslllon by
m aa.u, ---
making a big cross opposite the name
of Slla A. HolcomD ana me umcr
slon candidates."
The treaty with the sultan of Sulu
permitting slsvery and polygamy on
American -- - -..
. -a -,Amim "Mr. MrKlnley
snMiv .uu . ,- -. - - - - -ssys
we never psld gold for pwj.
said Mr. Bryan, yei nr. -
l ..nti.t! this treaty.
which pays the ultsn and his eatellles
a million dollars a year iu ,,t-..-.-..,
submit to Americsn sovereignty, but It
Is paid in silver ana not in goia.
M-i uf Mrvan finished a spon
taneous snd cordlsl greeting wss again
jk kiM 1. aiMi.nrr then slow-
.in,,. '
ly dispersed. Hsln was railing steadily
ouOlde, but, not heeding It. farmers
and cltlsens of Syracuse gathered In
' .irf.u.lhi tn discuss
group a.... . .
the speech. Republicans were not cha
ry In admitting thst In many partlcu
.' ....... .-r with Mrvsn. Some of
hm aid nothing, but their silence
van more expreselve than words.
.... .rioi-timm Mr. Hryan
...r,.A on s long and dissgr-esble
drive through rain and mud to Weep
Ing Water, where he speaks tonight
DELAYED ON THE ROAD.
, --. Nh II wss sfle' .'
o'clock tonight when Mr. Brysn rech
Sd Weeping Wster, hsvlng been slr
four hours on the rosd b-'ween
nlsre and Syrac. . a oisitn -I
(eon miles. Owing the trVt
besvv rains the rosd" hsve n"? r t
eaedlngly heavy and Ihe mart
:V
Our Pious
rain almost constantly falling add to
the generally unpleasant conditions
People sseembled in the opera house for
almost two hours, wondering whether
Mr. Bryan would come. But not a man
left daring the long wait. Mr. Bryan,
without unnecessary delay, was intro
duced by Dr. James W. Hungate and
plunged at once Into his speech.
Mr. Bryan had an audience that
packed the house to suffocation, the
stage, the balls, the gallary, even the
steps and walk outside being crowded
with people
In the course of his speech the or
ator feelingly referred to the war
which the Boers are now waifinn
against England in defense of their
liberties. He expressed a fervent hope
that victory might perch upon their
arms and the greed and avarice of
England meet crushing and deserved
defeat.
He ringingly denounced any attempt
to ally this nation with the oppressor
of the Boers and dwelt on the fact
that for the first time in the history of
the United States American sympathy
and moral Influence were being denied
a people battling for freedom and self
government. Mr. Bryan also dwelt at length on
the danger of militarism which now
confront the American people. He
showed that a colonial and Imperialis
tic policy make a big standing army
necessary and that a republican vic
tory this fall will be taken by Presi
dent McKlnley as a token that the
people Indorse his demand for a per
manent army of 100.000 men.
ALL AGAINST EMPIRE.
The hour was late when Mr. Bryan
concluded, but his audience was loth
to have him stop. In the past week, It
is learned, a wonderful change has
been taking place' In this vicinity.
Weeping Water has always been a re
publican stronghold, but In the last
few days many republicans have come
out frankly and openly In opposition
to the policy of their president. There
are mighty few Imperialists around
Weeping Water and practically no one
who Indorses the republican demand
for a large standing army. Several
republican express their determina
tion to help set their party right for
next year by voting for Judge Hol
comb this fall.
"And If It doesn't come right then.M
said one man tonlgl-t, "I will leave it
for good."
The fuslonlsts are not falling victims
to the danger of over-confidence. They
reason that a steady and underhand
campaign is being conducted with the
avowed purpose of "beating Bryan"
and they are working to hold their
furccs solidly In line, poll th'-lr full
vole and Increase their nccesHlons from
the republican party. Cass county will
not suffer Bryan's interests to meet
with any setback this tall.
TRUSTS KILL LABOR.
Washington. D. C (Special ) Edson
S. Bradley, vice president of the Iiln
tilllng Company of America and pres
ident of several of the subsidiary com
panies, was before the Industrial com
mittee. He explained the procets- by which
the trust was formed and also that
by which the subsidiary companies
were organised. These subordinate
companies are the Kentucky Distrib
uting and Warehouse company, the
Spirit Distributing compsny, tne
Standard Distributing and Distilling
company and the American Spirits
Manufacturing company. The compa
ny also owns several rye whisky distil
leries, which are, Mr, Bradley said, to
be consolidated at an early date Into
a subsidiary organisation. The cap.
Ital stock of the parent company Is cash of $92,354 6, an Increase of depos
$& t0 of preferred stock and $70,- Its of $1,882,744.80. a decrease of bills
. .,w K, ,l,.. I payable and rediscounts of $28,091.51.
m.(4 of common stock, but of these of m
sums na.75O.00O In stock still remains c. waa 4S p,.,. cent Tn(, reserve at
unissued. ! the date of this call was the same.
The properties constituting the com- UPON THE D188ECTINO TABLE,
bi nation were purchased outright and .......... . .
the board of directors of the principal Let us dissect this statement. The
companies controls the business of the resources exactly equal the liabilities,
other companies. Yet, he said, the That's bookkeeping. Loans and dis-
4ulii.l Mmrtanv had no control over onl. r vli1nca nt Initrhtrririoaa
the dividends of the other organlxa-
Uons. Mr. Bradley stated thst the
ossablnatton controlled about Mon.uw presumption Is that most of them are, ' used a a punner.
gallons, or three-fourths of the Ken- ,hey will become available assets some Two new fruit Jsr factories at aFlr.
tunky whisky product, about 85 per ,me, overdrafts are also debts due mount. Ind.. now use blowing ma
rent of the spirit product of the coun- ,he benks by depositors. Stocks, se-' chines. Forty-five men on ths two
try. and that one purpose of the organ- curltles, etc., are also evidences of In-1 turns now do the work of twice thai
laatloa was to confine the manufacture n,r)leine(is by corporations and munle. . number with hand blowers,
of whisky, as far ss possible, lo Ken- ipntles. Due from national, state and , The new steel works to be put up By
tueky snd of spirits to other section private bsnks snd bankers Is another: the Pressed Steel Car company at JolU
of the country. He defended their d,.bt due these state banks, and all et, HI., will give employment to about
irai a calculated to give the consum- ra au i,,ne a the national, stste and I 1.800 men. The company now operate
ere cheap whisky and to maae it pos- private banks snd bankers do not close
slbte to vastly Increase the export bus- (n(,r doors for repairs. Current ex
Iness. He stated thst one great sav
penses snd tsxes psld I a .curious
Ing had been effected In cutting off llftn to be classed aa a resource but
traveling men. About $00 men had that's another trick of bookkeeping;
been relieved In Kentucky whiskies tnc expense account Is debited for sll
alone at a saving of $1,000,000. expenses psld, snd. until the books are
Mr. Bradley said he had made a eel- (.iosed. It stands ss a debt due the
culetten, showing that In the entire
output of spirits snd whiskies there
a as sn expenditure of about $4.oO0,9st.
of whirs) he thought tne consumer
should have ths benefit. It waa tha
parses of his company to maintain
lew prtrws hocaus ha knew that If U
Red Bully.
BANKS ARE ORGANIZED
AND ACTIVELY ENCAGED IN THE
POLITICS OF THE STATE.
T. H. Tibbies, of the Nebraska li
dependent. Shows Up Borne
of Their Methods.
Lincoln, Neb. (Special.) The banks
are thoroughly organized and onto
their Job of doing their part In pol
itics. The officers of these inntltutlons
are continually standing up on the
housetops and thanking the Lord that
they are not like other men. They In
sist that they are as Bolld a the
rock of ages, financially, politically, in
tellectually, and otherw ise, and so long
aa these Institutions are a spurning to
set the standard of excellence they
should have no objections to the read
ing of their own sworn statements to
the state banking board.
Let everybody be thankful that there
are a few bright and shining examplrs
among the banks which do not take
such an egotistical position.
T. H. Tibbies, editor of the Nebraska
Independent, Is one of the editors in
Nebraska who watches the bank state
ments closely and make an attempt to
analyze them systematically. And be
cause he makes a plain statement of
undoubted truths regarding the finan
cial condition of Nebraska bank, the
gold standard crew hate him worse
than the devil hates holy water. About
a year ago some of the gold standard
sheets attempted to silence Tibbies by
vicious attacks but they did not know
their man; and the result was that a
conference of bankers had to be held
in Omaha to call off the Omaha Bee's
Lincoln correspondent, who wa lead
ing In the abuse of Tibbies; It was
found that the controversy was stir
ring up too big a hornet's nest; the
more they abused Tibbies the more
undeniable truth he shot back at
them and the banks couldn't stand
much notoriety.
Here Is the abstract of the report of
the condition of the state banks at the
close of business September 11. show
ing a total of 403 banks, an Increase of
five banks. The abstract Is as follows:
RESOURCES.
Loans and discounts $18,853.29.04
Overdrafts
Stock, securities. Judg
ments, claim, etc
Due from national, state
and private banks and
bankers
Banking house furniture
and fixtures
Other real estate
Current expenses and tax
es paid
Premiums on bonds, etc....
Assets not otherwise enum
erated t'adh Items
Cash reserve In banks
272,491.79
313.U8.Sl
1.192.522.76
841.501.51
37M02.36
ii,521.H
130 303 18
64:607:72
2,111,926.86
Total $32,301,969.63
LIABILITIES.
Capital stock paid In ....$7,284,185.00
Surplus fund 940,580.85
Undivided profits 1.019.247.92
Dividends unpaid 6.465.31
General deposits 22.90K.5I1 .19
Other liabilities 2.559.85
Notes and bills redlscounted 36,176.43
Bills payable 105.243.35
Total
.$32,301,969.63
The above abstract compared with
the abstract of the condition of the
banks on June 19, the date of the last
previous call, shows an increase In
loans of $554,882.22. an Increase of re
serves of $852,462.41. an Increase of
owing by the banks' customers to the
banks; If the loans are good, and the
bang; when finally closed, the amount
f this (tern reduce the undivided
i Droflts Just so much. Premiums on
bonds, etc., cannot o regsroea
asset unless th bands will sell for
enough to recover the premiums paid
hut th Item awes In Just Ilk th x-
1
-NON COM FOR Ml ST
enumerated" may be safely set down
as some form of debt due the banks.
"Cash Items" ought to mean real cash
but It doesn't. It means a lot of lit
tle debts due the bank but not closed
up, not dignified enough to be known
as "loans and discounts" simply I. O.
U's stuck on a pin for the time being.
IT DWINDLES DOWN.
Then the only real, tangible assets of
these 403 state banks may be set down
as banking houses, furniture and fix
tures (second-hand furniture can al-
......... V. 1 .'1 A buu.n. V,ci rA daat.r.t
W tl J fl uc DUIU ,V -, !..... .... .
otner real estate twnicn opprcciaiea m
value occasionally), and cash reserve
In banks; in all the sum of 14.145.961. 1:
and the other I2A.156.01S.47 of state
bank resources Is all one form of debt
or another owing by somebody to these
state banks.
Now look at the liabilities. Capital
stock paid in Is. of course, a liability
owing by the banks to their stockhold
ers; It's all In the family; for the pur
poses of this analysis, we'll not regard
It a a liability. Surplus fund belongs
to the stockholders; so do undivided
profits and dividends unpaid, and we'll
eliminate the Items In this view of the
matter. Notes and bills redlscounted
are a secondary liability of the banks
If the principals pay. the banks' lia
bility cease ; we'll drop that Item.
Then the real, bona fide Indebtedness
of these 403 state banks may be sum
med up In the items, general deposits,
other liabilities, and bills payable a
total sum. of 23.01.314.39.
Debt! Debt! Debt! as the Rev. T.
DeWltt Talmage would say with dra
matic emphanls. These 408 state banks
owe $32,301,469.63 all told. If which $36,
176.43 la a surety liability. $23.016,314. 3
is to the people, and $9,249,478.81 I to
their own stockholders. To secure the
payment of this large amount of debt,
these 403 banks have due them the
debts of other people to the amount of
$2H 156 018.47, second-hand furniture and
fixtures and bank buildings said to be
worth $1 192.522.76, other r-al estate es
timated at $841.601 54, and the enor
mous amount of $2,111.926 86 In Mtual.
tangible cash, or on the average of $&,
240.t to earh and every state bank!
THE BANKS FAVOR 11 TO I.
Let us see: How do you regard youi
deposit In bank? If not In the form
of a time certificate of deposit, you feel
free to draw part or all of It at any
time you choose, don't you? Now. the
average state bank In Nebranka owes
Us depositors $66,844.94, and carries $5.
240.51 In actual cash to meet their de
mands. That Is about 11 to 1. Tour
deposit of $12 Is secured by $1 In ac
tual cash and $11 of debt owing by oth
er people to your banker. One dollar
of realty to eleven of "confidence"
that's the ratio. Yet some persons
who ought to know better believe these
hanks should be allowed In addition
to this to Issue their own circulating
notes dollar for dollar against the"as
Kets," and that everything under the
head of resources In the quoted state
ment, except expenses paid, be count
ed as "assets." The repuoucan panr
.champions such finance-do you want
,'"Phold the nand, of the Pr",oent.,
! by endorsing such wild-cat schemes!
LABOR AND INDUSTRY.
London contains eighty-five women
physicians,
Mexico sold the United States R.flOO.
000 worth of hides last year.
Day county. South Dakota, has pro
duced two crops of oats this season.
American shoe manufacturers can
undersell the local producer In South
A8naron, Pa.. Is to have a $3,000,000
steel plant, ground for which wa bro
ken a week ago.
Out of 1,100.000 In Massachusetts en
gaged In gainful occupations, only $7,
000 are employed on Sundays.
California's law requiring corpora
tions to pay wages at least monthly
ha been declared constitutional.
The greatest whisky industry Is In
the United State, the output being
more than s0.000.000 gallons a year.
The wsges of every employe of th
United Bale company of Cleveland
have been Increased.
The American Hide) and Leather
company, aa the combine of tanneries
recently formed Is known, has decided
to secure another plant In Milwaukee.
Quite an Industry la carried on In
New York city by men who collect
1 oyster snd clam shells and sell the
same to gas works, where they are
th. nid Fox steel car plant at Jollet.
Employes of the Dodge Manufao
turlng company at Mlshawaka, Ind.,
are preparing to start a co-operative
st or for the benefit of employes of sll
the factories of that city. They allege
Ihe city grocers and butchers charge
exorlbtant prices.
A Berlin letter says that "there are
a dosen skilled American workmen, en
gineers, etc., specially engaged fot
Germany today for on Oermaa to
America. There I hardly a targe ru
in Berlin that do not employ vi
lean workmen IM Aawrwi