Bcceiver Howard Loots the Assets of the
Exchange Bunk at Atkinson.
ANOTHER POIITICIAN GONE WRONG
The Fusion Candidate for tha Important
Office of State Treasurer the Main
t'htrscrr In a Corrupt and Effective
Conspiracy.
!■ O’NEILL, Neb., Oct. 22. 1900.
Perhaps the most high-handed cor
ruption ever practiced by a man ap
pointed by a court as receiver was
practiced by Samuel B, Howard, can
didate for state treasurer on the fu
sion ticket, as receiver of the Exchange
hank at Atkinson, Neb.
The story of the closing of the
hank, the manner In which the re
ceiver was appointed and the looting
of the assets by the receiver and his
political lieutenants, is a story preg
nant with rottenness, fuaud and cor
ruption from start to finish.
At the time the bank was placed
In the hands of a receiver It was per
fectly solvent. The Lw.lon bank ex
aminer had been sent there but a
short time beiore and bad given It a
clearing. Nobody had asked for a re
ceiver and the depositors had absolute !
confidence in Its solvency and stabll- i
Ity. At the time of the closing there I
was enough cash assets to pay all the j
depositors in full, aside from Hartley, j
and there was absolutely no cause for I
the depositors losing a rent of thPlr
deposits. In The settlement, however,
they received only 75 cents on the
dollar.
Fraud surrounds the manner In
which the receiver was appointed.
There was a district Judge on the spot
at O'Neill, the county seat of that
county, but Instead of applying to him
the conspirators went 219 miles to
Judge \V. H. Westover and had Howard
apolnted receiver,
Howard was required by the court to
give bond In the sum only $2,500,
whereas the property and money placed
in his hands amounted to upwards of
$100,000. There is nothing on file
with the records of the transaction to
show that Receiver Howard ever filed
a bond. Search of the records high
and low failed to bring any bond »o
light or anything to show that one was
ever filed.
In order that the public may have
ft clear and Impartial understanding of
nil the tacts of record In the ease the
following Is given in chronological
order:
May (J. 1*97: Hunk Examiner Cond re
ports that the Exchange hunk of Atkin
son Is In un unsafe condition, not having
15 per cent, of Its deposits |n avallublo
casn.
Muy 7, 1*97; Stale banking board or
der* bank closed, and Attorney General
Hinytli (lie* petition In district court ut
O'Neill, asking for the appointment of a
receiver with authority to "com prom loo
bid assets und convert all property into
money u* speedily us possible,”
May P), 1*97: Judge YV. II. YVestover,
who lived 219 miles from the scene of
proposed operations, appointed 8 It How
ard receiver, on u bond of order
ing “mild receiver to report his doings In
the premises to this court from time to
time us required by Jaw."
The public got It* iir*t tip on the scheme
In the announcement of this favorite by
u Judge who resided over two hundred
inlliw away. There was a Judge of tho
mime district residing at O'Neill. The
bond required of Howard, If uny was
given, was never Itled with the other rec
ords where tho public could Inspect It.
Tho responsibility which this “bond” was
supposed to cover, amounted to iieai ly
flUQ.OW,
•May 17, 1897: Receiver Howard upplle.i
Tor authority to employ un attorney. Two
day* later Judge YVestover grant* the
request, und Howard employ* J J. llar
r.nglon, u brother of Mike, und who hut
since been elected district Judge. The
compensation Is not stated.
July 9, 1*97: Attorney (icnerul 8myih
flics petition stating that Hartley had
deposited tn Hie bank, which prop
erly belonged to the state.
July ti, 1*97. County attorney of Holt
Wes petition, stating that Hartley owed
the county |*,tiuy in tho form of a Judg
ment.
July 9, 1*97: Attorney general Wes claim
against the assets of the bank, und says
the state "repudiates the act of Hartley
In depositing the money, and refuse* to
ratify or be a party to said act."
August ta. 1*97: Petition by Mike Har
rington ttial If the cla*m of the state ts
allowed the Individual depositors will get
nothing.
August 2S, 1*97: Petition of H. K. Hen
nett and others that the.r attorney, Mike
Harrington, and the receiver go to i,i„
coin to i .infer with the suite official*,
the expense of Hie trip to lx* paid out
of the assets of ttie bank Application
promptly granted by YVestover. The ex
pense bill Of tills Junket lias never bet n
made public.
February 5, 1*!*: Offer of the Individ
ual depositors to take certain securities
u* one-half their claim and cash for the
other half u* salt lenient in full. Peti
tion slate* that the individual dep ,*,'•*
ni#>'jiit to $lu,8ui. .in I thit the receiver
now bus fit o o cash on hand.
March 17, 1*9-*: Settlement effected by
Mike Harrington, as attorney for Hi.
depositors, and J J. Harrington us at
torney for Hie receiver, He di posttors to
take us Heir claim in full certain < h >i
securities amounting to $.'e tat 79 and ti.
710 In cash later •valence that Mke
Harrington arbitrarily ml I led with the
difeiKitor* at 78 cents on the dollar
August S. I*#* Howard tiles u it c« thit
h« has ult hand 17 5# to divide between
the state und county
August I*. I*#* Judge YYVstuver. hav
leg waltid unlit Harrington had taken
Ills pick of the assets, how decides that
the bank and Hartley owe the slat. -
091 and Hie county k *•) On Hits salti I
data Howard hie* another notice that he
It as |7 V *1 |o divide A pio rata d.vision
1* >*iv l upon by the state aiel county.
November P. |c* lluwatd ltle-1 th« fol
low teg notice
■ ttainuei It Howard, as receiver of lhe
Iia ti.ivge bank of Atkinson, Nrhi.aki,
Inl iiHi lh« vouit that im hi* judgment.
It WUi |B< lu th* I.' t llllet* *1* of a'd
vomer* T la hav# all the assets of th#
givchan## bank «td 4v publ.c sola li
Ik* klffkeel *««h balder. and upon d-e
poltlM* of e*td asset#, to tmtnedia eiy
gi ■#• UP the off i.t* of sakl hank
MAUI HI. It IHtYVAMIt Receive*''
Off Ik# Milt# let# Judge YYea .ver
Issued an order that the assets b«
sold at public sale on December 16
1899. and that the sale be continued
from day to day until all were sold,
"said assets to be either sold sepa
rately or collectively, as the receiver
shall believe to be to the best inter
ests of all concerned.’’
This order plainly gave the receiver
full swing, and he certainly "swung.”
There Is not another scratch of a pen
on file in the district clerk's office from
that day to the present date to show
! the result of the sale, but oral evi
| denee Is that the receiver bargained
off all the best assets of the bank to
the chairman of the pop county com
mittee for $40, without allowing any
one else a chance to bid. This was
done by "adjourning" the sale when
bona fide bidders were preseut, and
"reopening" as soon as the said bid
1 ders had gone away.
While up to the time of the final sa!o
most of the operations of the receiver
were concealed from the public, there
were occasional filings on the record to
show that certain debts were compro
mised at low figures, so that at the
time of the $7,500 divide between the
county and Btate the receiver must
have had In his hands two or three
thousand dollars more than that
amount, which had probably been
used for "expenses.” No report or
statement has ever been filed, and the
scattering bits put In the record only
furnished a cloak for the general op
eration*. This la In direct contrast
to the action of Mr. 13. Opp, another
bank receiver in the same county,
who filed regular balance sheets four
times a year, showing all transac
tions.
One etroke of business which was
performed In March, 1899, was never
recorded In the district clerk's office,
hut comes to light elsewhere. The
hank of Atkinson had a fine brick
building, which was bought In 1894
at a cost of $7,500, It was well fitted
up, and besides the vault had a safe
which cost $1,500. The property had
been carried on the bunk books at
$10,000, and after the collapse there
were a number of people ready to buy
It If given aa opportunity. Howard,
however, had other plans. On Febru
ary 23, 1899, be notified Judge West
over that In* hail on offer of $1,000 for
the property, "and after diligent ef
fort could find no better bid." West
over promptly authorised him 4o sell,
and the deal was made In secret.
The bank building, safe and fixtures
were sold to 13il Gallagher of O'Neill for
$l,ooo, and a rent hill for $210 owed
by Gallagher was deducted from the
purchase prlco, so that the property
went for $79u On this principle of
"financiering,’• If Gallagher had rented
the property a year or two longer,
his nr real ages would have covered the
entire purchase price and made the
sale unnecessary. Other parties who
would have paid four or five thousand
dollars, and had notified Howard of
their desire to Invest, were given no
• nance 10 buy. I he transaction was
kept in concealment so far as the dis
trict court records at O’Neill were
concerned, but copies of the applica
tion and permission to sell were filed
in the oftlce of the county clerk two
•lays after the date of the halo. This
was done to make the deed good, an l
the delay in tiling wag a proper pre
caution to prevent Interference, Oal
iftgher, who bought the property, also
owned a building at O'Neill and rent
ed offices to the two Harringtons, one
of whom was attorney for the receiv
er and the other for the depositors
and for the cashier of the busted bank.
It was a happy "back-scratching"
tournament, In which only the inter
ests of the state of Nebraska suffered.
To summarize: The bank was closed
up for political purposes and a pop
Judge 211» miles away appointed a pop
politician as receiver on a nujniuul
bond, which latter hi&s never been seen.
The receiver went ahead "compromis
ing" claims and slaughtering assets
without making any complete public
report. The Harrington brothers,
prominent pop bosses, acted as attor
neys for everybody. They settled the
claims of the Individual depositors by
taking |20,000 worth of good notes and
♦2,750 in cash. The depositors receiv
ed less than $8,000 for their claims.
The remaining assets were eased down
Into the hands of political favorites.
The state's interests suffered at every
hand, and record of the expenses, re
ceipts or operations, and no detailed
report of assets lias ever been placed
la-fore the public.
In Holt county the performances of
this clique of grafters lias caused
common talk, and there are many sur
mises as to why the Harringtons bo
•anxiously worked Sam Howard Into
‘he nomination for Htate treasurer,
after they had dictated a warden of
the penitentiary and after they had
fostered the boom of VV'estovcr for
governor. The people believe that
there is a method or reason behind
every act of this crowd.
Some information may be gained as
to the value of the property looted
from prominent citizens of Atkinson,
as follows:
John I*. MeNichois, a prominent
democrat, said: "I consider the build
ing nud lot, exclusive of furniture, a
good investment ut three thousand Uol
! lurs. and stood ready to pay $2,003
| for the building or a little more. Talk
j ud with the receiver several times
i about wanting to buy the property.
| but he seemed to want to evade the
matter. Several others here wanted
j to buy. No person In Atkinson kuew
' when the sale a as made, or had op
portunity to make a bid Howard
I seemed to want to favor somebody."
j I* W. Johns-m. for sixteen years a
i resident of Atkinson "The *.al« was
a clandestine arrangement. Several
people In Vtklnsoii wanted to buy, but
I got no opportunity The building and
natures were well worth $,".,onn The
* if-' « " ' $1 . I he net a! opinion
w vs that there was no <v-eseton to
: close up ihe t ank In the firm pia
A J iittl* >n uiemtier of the town
board of Atkinson The 1.411 x was
doing well wh<n It wss closed The
1 building was woith more than three
lines what it sold for Among the
assets Were Sonic gilt « t*> securities,
the Judgment against the city was
worth fa-» face v doc end the e. texjl
district Judgmei t as good as g >xeru»
Strut bonds "
J K AlHwm formerly cashier of
the t ank "No »« csslon fur closing the
bank |tepueit«»re were r >t uneasy,
and non* of them applied for a nnili<
J er A trank ex emitter Had less the fa
I shortly before and given a |«wd . I»«r
| sues to tht bsnk I he liabilities wets
fully secure^ and the paper wag good
The books balanced to a cent when the
receiver took charge. The Judgments
against the village and school district
were worth face vaJue. The building,
safe and fixtures were carried on the
books at $10,000. The safe cost $1,500
and was good as new. The building
and fixtures would easily have Bold
for $5,000 at hard times prices. The
extra room In the building, aside from
the banking room, brought in $25 per
month. Among the first-class paper,
were the two judgments aggregating
$1,000, and decrees of foreclosure
against lands In Holt county worth
$500. These and some other securities,
I understand, were quietly sold to Mc
Carty for $40. I understand McCarty
lias since disposed of some part of
these securtles for $400, or ten times
more than he paid for the whole, How
ard disposed of all the good paper and
the building on the quiet.”
E. O. Schultz, druggist: "The bank
building was easily worth $4,000. The
location was good. There was no no
tice given of the sale.”
l)r. McDouuld, office next door to the
bank: "The bunk building and lot
would be cheap at $5,u00. Sale was
under cover. No notice In the papers.
After the bank closed M. F. Harrington
was made attorney for the depositors.
He arranged the settlement with the
receiver, and tnen notified the deposit
ors In a circular letter that he had
settled on a basis of 75 cents on the
dollar, and he sent them each a check.
He must have kept the securities got
from the receiver in the deal. No
rason why the depositors should have
lost 25 per cent The assets were sold
In O'Neill and It was worked pretty
smooth.”
J. F. Brady: "I went to the sale of
the assets last December. McCarty,
Harrington, the sheriff and a young
man who works for Harrington were
there with Howard. I wanted to buy
In a mortgage on VV. E. Scott’s place.
Howard had a package in his hand,
and he said, 'Let's open the sale.' He
turned to me and asked if there was
anything 1 wanted In particular. I
told him about the Scott mortgage,
and he knocked It down to me at $20
on the first bid. Its face value was
$100. Then I asked him what else he
had, and he told me everything else
was bargained for In advance. He
said he would adjourn the sale a
while. 1 went away, and in a short
time I came back cnly to find that Mc
Carty had got all the valuable stuff for
$10. Nobody else got a chance to bid.
McCarty is the populist chairman, and
a great friend of Howard and Har
rington. The stuff he bought was
worth several thousand dollars.”
One gentleman who was on the
ground and knew of the whole pro
ceeding, writes to a friend at O’Neill
as follows:
"It seems to be no secret around
Atkinson that the bank’s assets were
Indiscriminately slaughtered by Mr. 1
Howard. I am confident a little In- i
quiry would bring a good deal to
"The fact that the building and fix
ture, which originally coat about
$7,50U, were sold by Mr. Howard for
less than $1,000, without giving any
notice or allowing any one to bid, is
pretty good evidence of what he was
doing. I knew of several parties who
were watching this building and fix
tures with a view of purchasing when
It was to be sold, and I know that Mr.
Howard could have realized at least
three or four thousand dollars out of
them If he had not sold them undcr
h&ndedly and on the sly,
“While I only looked upon Howard
as a tool of the pop ring, I cannot
help but feel that any man who will
lend himself to such work is unfit for
public office.”
In an effort to get further light on
the operations of Howard the office of
the State Hunkiif; board at Lincoln
was visited Wednesday. I)r. Hall, th«
secretary, who Is also chairman of the
democ ratic committee, was not present,
but hlH deputy was there and handed
over the last printed report of the
Exchange bank, dated March 23. 1897.
This showed that the bank had loans
and discounts, $88,303.13; overdrafts,
$608.91; stocks, bonds and Judgments,
$79,228.82; banking house, furniture
and fixtures, $10,000; due from other
banks, $6,882.59; cash on hand, $3,- !
861.55. The capital stock vas $30,009
and the deposits were $70,934.48.
“Will you please let me see the last
report of the examiner on the condi J
tion of this bank?” was asked of the 1
deputy in charge of the banking board j
records.
“No, you cannot see that.” said he; |
“the examiners' reports are not public 1
property.”
“Not even when the bank has failed,
and owes money to the state?"
“Well—I can't let you see it. Of
course if the report is filed in the dis
trict court in the county where the
bank was located, and you can see It
there, that Is all right."
“Has the receiver ever filed a report
here?”
"No, he makes his report t » the dis
trict court where the bank I* located.
Our jurisdiction ends when the re
ceiver Is appointed."
"How much money has been turned
over to the state by the re elver?"
“I do not know.”
At the state treasurer's offl e the
Information was received that on Au
gust 26, 1898, the slate te elv-J $«,
782.30, and on June 15, woo, it re
ceives! $1,442.81. This last payment
was made after Harrington and How
ard'# badges w< te printed atinouni lug
his candidacy for the state treasury
ship, and was a happy after!hough'
According to the records at O'Neill be
must Itave been tarrying that monev
Just six months, the date of the final
sale uf assets "to the highest reli
bidder" having l**ui on the |6th of
December, 1899 there is nothing
hied to show where this money came
; from, or how much remained It is
presumed the receiver Was stl'l | >•
I celvlug salary at the date uf this last
i payment, and that he will continue tu
hold the affairs oje-n a* tong as any
j money remain* to be used up by him
l salt and his attorney
PeltMleste lirliM V*«t a.*i| illx,
j l‘etrul»um has been used with much
i «ui cess as a means of estrrmin tllug
I in ><m|uiiim«. and thus preventing uu<
Isrta All that Is necessary la Its spray
11ha drains marshes and puddles with
! the tilt early In the season and repeal
ths operation every is>i weeks fur a
«hort Huts thereafter It la said to he
• ths b*st Method |iti tried f«r disinfect#
Mag a locality 4 malarial gstauik
PROSPERITY GALORE.
i -
ALL CLASSES THRIVING AS
NEVER BEFORE.
The Ks-ritVflnudlMil Deiuocrnrjr Hit* No
Argument That I* Not Shattered liy
the Happy Condition* Now Prevailing
—Sign* of the Time*.
Mr. Bryan and his followers are hav
ing a hard time to convince the farm
ers that they are worse off in 1900
I with protection and sound money than
' they were In 1896 with the shadow of
free silver Impending and a free trade
law in operation.
A general comparison of articles of
farm consumption and farm produc
tion between the two years completely
disproves the Bryan theory.
In the Item of farm animals alone
the farmers are worth five hundred
million dollars more than they were In
Democratic daya. The table printed
below, which is from the reports of
the United States Deepartment of Ag
riculture, Is worth study:
TOTAL VALUE OK FARM ANIMALS.
1896. 11,727,126,684
1900. 2.212,756,878 I
The difference Is apparent in every
class of animals. Divided Into appro
priate groups, the Increase Is strik
ingly shown:
I VALUE OF HORSES AND MULES.
IH6. $603,344,643
1900. 715.686,534
VALUE OF ALL CATTLE.
1896. $ 872,888,961
1900. 1,204,298,366
VALUE OF SHEEP.
1896. $65,167,785
1900. 422,665,913
With all grain, animals, and other
farm products higher In price. It Is no
wonder that the farmers of this coun
try have little use for Bryanlsm.
CHEAPENING OF
"CATTLE” LOANS.
The feeding of hogs and cattle with
corn, or the conversion of corn into
hog and cattle flesh, has developed re
markably the last three years as a fea
ture of farming, and It Is responsible
for a large share of the Increased eon
sumption of corn. The Individual
stimulating cause has been the cheap- j
enlng of money due to the sound j
money victory of 1896,
This has enabled farmers to make
loans secured by their cattle or hogs,
and by use of surb funds to keep their
corn for feed and for raising hogs, In
stead of selling It. Four years ago
this cattle paper was not looked ou
with any favor In the east. Now from
forty to fifty million dollars annually
are loaned on It by eastern brokers.
The abundance of money In the west
ern banks seeking Investment has
forced competition In the placing of
these rattle paper loans until now they
are taken at three to four per cent
less than formerly. Of course this both
tends to Increase the demand for corn
and to render Its price more stable;
for instead of throwing corn on the
market at the harvest season, the
farmer can now keep it on the farm to
feed to cattle and hogs all the year
around. Cattle loans were difficult, If
not Impossible to negotiate In the
democratic days of 1893-1896.
PROTECTION IN FRANCE.
The Industrial development of
Franco from the close of the Napo
leonic wars to 1860. says Mr. Curtiss, is
without parallel In any continental
country. Under the protection which
then existed the growth of manufac
tures was rapid and successful In every
particular. In 1860, however, a com
mercial treaty was entered Into be
tween England and France, by which
France removed all prohibitions from
Imports and substituted duties ranging
from 20 to 30 per cent on competing
manufactures. The experiment of this
duty, which continued until 1882, was
unsatisfactory, and the French gov
ernment refused to renew It in that
year, and a more vigorous protective
policy was restored. In 1885 the du
ties on foreign products were raised,
and In 1891 a thoroughly protective
tar 1 fT was enacted, under which the
great prosperity and industrial activ
ity which now exist have come to that
country.
THAI TAMMANY ICE TRUST.
To questions from his audiences
about the Tammany Ice trust, Mr.
Bryan has repeatedly made this an
swer In the last ten days; "There are I
u Republican governor and legislature !
In New York, ami what have they done j
to throttle the lee trust? The Kepith- j
Bean governor of New York has not
time to bother with the Ice trust, for
he la too busy out here telling you
about It."
Governor Theodore Roosevelt of New
York, months before the Tammany Ice
trust became notorious, sent a me*- j
mtge to the New York legislature ad- ;
vising action against trusts. The leg. j
IsUture |»eil and Governor lli»»s«
veil signet an anil troat act Under
this law the Urpuldb an attorney gen
eral of New Yurk Is now proceeding
agalust the Ice trust This action the
Tammany stockholders are lighting at
every point.
The principal »t<* kholder* of the Ice
treat are ltl< hard t'roker, Mr Itryan •
eastern manager; John F Carrol!. Mr
('roller • ehlef lieutenant, Hugh I
Grant and I horn as F Gilroy Tammany
• s mayor# Augttalu* Van Wyeh Tam
many candidal* for governor n ism
Hubert Vsn Wyt h Tammany mayor of
New York, Randolph Gugg*ult*tm»r
Tammany's president of the coomll,
J a*rg«aat Cram and Charles F Mur
i
phy, Tammany dock commissioners,
etc., etc., etc.
It Ls these trust beneficiaries and
supporters of Mr, Bryan who are rend
ing the heavens with their denuncia
tions of trusts. As Governor Roose
velt well says: ‘‘Hypocrisy could be
carried no further than it Is by these
men and their defenders." They
charged the poor of New York 60 cents
per 100 pounds for Ice which cost them
not over 16 cenfk per 100 pounds deliv
ered. and with their <00 per cent trust
profits are supporting Ilryan's anti
trust campaign.
Mr. Ilryan's zeal in defense of the Ice
trust may he due merely to a sense of
social decency toward Mr. Croker and
others whose guest he Is today. Or It
may be clue to a lively sense of grati
tude for favors received and expected.
Hut whatever the motive may or may
not be, the facts recorded above con
demn him as a hypocritical demagogue
before the people.—Chicago Inter
Ocean.
TRADE EXPANDING,
There Is, In the United States at the
present time, unparalleled prosperity,
In which every citizen has a right to
share. If any citizen Is prevented from
sharing In that prosperity he is the
victim of conditions which cannot bo
righted by the election of Hryan,
strongly as he may be tempted to trust
in that remedy. The American farmer
is selling for 37*4 cents a bushel of
corn It costs him 15 cents to produce.
Hts wheat and cotton, Ills beef and
pork, are selling at profitable prices.
HE IS HIDING IN RAILROAD '
TRAINS, AND AS HE LOOKS FROM
THE CAR WINDOW OVER THE I
BOUNTIFUL HARVESTS HE IS
TAKING A NEW VIEW NOT ONLY
OK HIS NATIVE LAND, WHICH
WAS NEVER FAIRER AND HAP- j
IMER, HUT IS ALSO THINKING OK
His NEW MARKETS AND NEW
“POSSESSIONS" ACROSS THE SEA. |
The laborer Is today receiving more j
wages than he ever received before, ;
and IN A CURRENCY THAT IS ;
GOOD THE WORLD OVER.
The business man sees trade follow
ing the flag all around the world und
new* markets opening to him under ;
national responsibilities, lie realizes \
as a business man that THESE RE
SPONSIBILITIES MUST HE GRAP
PLED WITH AND ADJUSTED ON A
BUSINESS BASIS. The only peril
now threatening the United States is
RUIN AND RETROGRESSION UN
DER SILVER TURNING HACK OK
THE WHEELS OK PROGRESS AND
PROSPERITY TO THE STANDARDS
OF SPAIN AND MEXICO, AND THE
ABANDONMENT OK OUR POSITION
AS THE GREATEST COUNTRY IN
THE CIVILIZED WORLD.—Helvillc .
E, Ingalls, President of Chesapeake & ,
Ohio Railroad Company, In September
North American Review.
OUR ARMY COMPARED.
"We oppose militarism. ... It
will Impose upon our free people a
large standing army and unnecessary
burden of taxation, and a constant
menace tothe'r liberties."—Democratic
National Platform, 1900.
Our “large standing army,” exclusive
if the Philippine volunteers, consists
it 65,000 men. In 1867, with a popula
tion only half as great, It was 54,000.
rhis "large standing army” Is relative
ly the smallest army in the world, as
these figures show:
Soldiers 1
per 1000
Country— Army population.
Prance .500,000 14.05
Germany .600,000 11.05
Austria-Hungary ..280,000 6.07
Russian Empire ...700,000 6.01
rurkey .... 7.01
jreat Britain .210.000 5.06
Italy .210,099 7.91
Switzerland .148,000 47.00
United States . 65,000 0.86
Even Switzerland keeps 148,000 sol
Jlers In compulsory, active military
training, exclusive of the 361.000 men
n the Handwehr and Landsturm (re
terves). This Is forty-seven Boldiers
n active training for every one thou
utnd of the population. The United 1
states has less than one soldier for 1
»vory thousand. Is our republic forty- 1
seven times as afraid of Its protectors 1
is Switzerland?
Shall we wipe out the army and '
leave American ministers, rm chants
and missionaries to he murdered with- 1
nut redress or appeal?
Mr. Bryan wants to cut down our lit- '
tie army to the vanishing point. Do
you ?
VALUES IN NEBRASKA.
Values have Increased In Nebruska !
since 1M*6. as follows:
Per cent. 5
Hors. Increase .....45
Beef, Increase ..69
i'urn. Increase . 15
latnd. Increase. 20
Household Roods, Increase..20
Savings hank deposits, increase.,, .33
All properly. Increase..........75
On ihe other band there has been
the follow lit g reduction:
Per cent
Mortgages dec reg.ed .............. 40
And th« record run* the same
through all state# under McKinley's
Protectkiu and Prosp* rtty
____i. ii I T-rni t -- I
1'HOSHt.Mirv RCAUHfcS CHUHCH
the 111. k lli*ei M.itfoonv ,.f M,r
Method!*! (hutch ha* plat complrled
It# tabor* at t'kt-'agu During the
past year (»• rh arc he* have breg
ere, tad. at a total coal of about |toaa.
css), and |il.t«4 Indebtedness has been
l>atd off ihe church Has had aa era
of proape’tty like **efirb«»ty ei*e
I ALTGELD'S GREAT DISCOVERY,
John P. Altgeld has made a great
discovery. It la that If you sell more
than you buy you are growing poorer.
Mr. Altgeld revealed his discovery
last Thursday at New Haven, Conn. In
a Bpeech there he said:
This country Is being drained to
pay tribute to foreigners. By estab
lishing the gold standard It takes
twice as much of our products to pay
that tribute. During this administra
tion we have parted with over $1,500,
000,000 worth of goods more than wa
received In return, and we have only
$137,000,000 to show for It. How long
can we Htand an annual loss of nearly
$500,000,000? This amount of goods
goes abroad every year and disappears.
Mr. Altgeld's figures are apparently
derived from the statistics of our for
eign commerce. In the fiscal years
1897, 1898, 1899, and 1900, we sold to
other countries goods valued at $4,
903,685,559, and bought from other
countries goods valued at $2,927,043,
225, leaving a balance or credit In our,
favor of $1,976,042,334. During the
same period we exported $371,639,493
and Imported 464,563,275 In gold und
silver, an excess of precious metal Im
ports over exports of $192,923,782.
The Altgeld theory Is plain. For
our $1,970,012,334 excess of merchan
dise exports we have nothing to show
hut our $192,923,782 excess of precious
metal imports, and so have grown
poorer by the difference between these
sums, which Is $1,783,118,552. Divid
ing this by four wo have $446,779,638,
Altgeld's "annual loss of nearly $500,
000,000,” the "amount of goods" which
he says "goes abroad every year and
disappears."
Mr. Altgeld's neighbors In Chicago,
however much as they have differed
from his (Altgeld’s) opinions hitherto,
have considered him a man of intelli
gence. Itut his New Haven speech
must force a reversal of that Judg
ment. To show the ineffable silliness
of Altgeld's "annual loss of nearly
$500,000,000" assertion we have but to
take the commonest concrete individu
al case.
Farmer John Smith, after selling his
crops, paying his hills, and setting
aside enough for next year's expenses,
finds that he has $1,000 left. He might
convert that $1,000 Into gold coin and
bury It In his cow stable. Being a
sensible man, he looks about for an
Investment. He may lend his $1,000
to a neighbor on a mortgage, or he
may buy a railroad, a United States,
or even an English government bond.
Now, Smith has "parted with $1,000
worth of goods more than he receiv
ed," and has “only a piece of paper to
show for It.” But is Smith poorer? Is
his British bond, If he choose that In
vestment, “tribute to foreigners?"
Smith knows It Is not, for whenever
he cashes a coupon he knows the
British taxpayer gives tribute to him.
Democratic stump speakers have
emitted many lunatic assertions, but
Altgeld's discovery that our favorable
trade balance of $1,783,118,552 Is not
gain hut loss certainly caps the climax
of folly. His doctrine that men or na
tions grow poorer whenever they sell
more than they buy Is the most ludi
crous "argument" that this campaign
has produced.—Chicago Inter Ocean.
DEMOCRATIC PROSPERITY.
(Omaha Hoe. Doc. 22, 1893.)
Knights of Labor assembly, No. 374,
composed of upholsterers and mattress
makers, held a regular meeting last
night. It developed at the meeting
that about one-half of the membership
Is at present without anything to do
and unable to And work In their line
in Omaha. It has been the practice of
tradesmen In this line of work to go
on to Chicago when work was slack
In Omaha, but their fellow workers in
Chicago inform them that It Is even
worse there, so there la nothing for
them to do but do the best they can
at home.
WORKS ARE BUSY.
Four years ago the Culter Hammer
company of Milwaukee, Wls . laid off
about one-half of their rnen, on ac
count of Insufficient, business, and the
other half were employed only six
hours with six hours pay. Today,
every man is working full time and
receiving ten hours' pay for nine and
a quarter hours' work. The company's
condition is similar to that of all
other electrical manufacturing con
cerns.
The electrical workers know a good
thing know how to continue prosper
ity by voting the Republican ticket.
BUSINESS DOUBLED.
Activity «t the mines, factories and
furnucea is best shown by the follow
ing exhibit of ptg Iruu production of
the I'ntted States—thus:
Year. Tons.
M1M)..... 13.62*1,703
1694 .. 6,637.386
Republican Increase . 6,963,313
While the output of pig iron doubled,
those manufactMrlng Interests which
lined ptg Iron or Its product* in any
shape must have duutded their busi
ness within the Hi* years
ttATISFACTUNV IN COLUHAUU,
Hi turn* received from * preliminary
a mao* of Colorado. by Chairman
Ford of the Republican Plate lointutt
tee, initiate that (he gains made by
the RepuMi- ana in I*1** will be more
than maintained thin year Chairman
Ford raped* that the state a III give 4
14* publican majority of )>wa m *
ye*r
