The commoner. (Lincoln, Neb.) 1901-1923, August 01, 1902, Image 1
The Commoner. WILLIAfl J. BRYAN, EDITOR AND PROPRIETOR, J c i i. u w -i i Vol. a. No. 28. Lincoln, Nebraska, August 1, 1903. Whole No. 80. Morgan Rightly Measured. 2. Americana will be interested tor-know that Kaiser Wilhelm of Germany has surveyed J. Pier pont Morgan and correctly measured him. The kaiser is reported as saying: "Try as I could his conversation failed to reveal to me that ho had any clear comprehension of the vast harmonies and conflicts of the commercial universe. I was amazed to find him not well informed regarding the historical and philosophical development of nations." He added that Mr. Morgan struck him as being "a man who is absorbed in Immediato problems and incapable of seeing consequence? far ahead." The kaiser is a discerning man; in a Bhort visit with Morgan ho found out what seems not to be apparent to many Americans, namely, that the. great financier is perfectly blind to tho natural and necessary consequences that will fol low his schemes. If Morgan were a philosopher or a student of human nature he would know that evil and only evil can follow from tho monopolies which ho Las' helped to organize. He is either without conscience" or without judgment and it is more charitable to take the kaiser's view and con sider hiih as "incapable of seeing consequences far ahead." Ho is on a par with the drayman who -starves his horse, or the farmer who impoverishes the soil, or the merchant who extorts from his customer, or the parent who puis his child to work 'in the factory when it ought to bo in school, only he cannot-plead necessity as an ex cuse. America 'lias no foreign foe half so dangerous as Mr. Morgan and the plutocracy for -which ho stands. It would bo fortunate for this country if all of our .people understood Mr. Morgan as well as Germany's monarch does. JJ Interest on Public Funds. In 1900 Mr. William O'Keefe of Plymouth, Ind:, was elected treasurer of Marshal county. Upon entering upon the duties of the office, Jan uary 1, 1902, he issued the following statement: In entering upon the office of county treasurer it is my purpose to discharge all tho duties connected therewith to the best of my ability and in strict accordance with the law. I believe that a public office is a public trust, and that it should be administered in the in terest of the people, and not for the benefit of the incumbent of the office. So believing, I shall deposit in safe banking institutions all funds received by me as -such treasurer, where the same will be kept until paid out to the par ties authorized to receive the same; and all in terest received by mo from said banks on all county funds so deposited will be paid into the county treasury for the benefit of the tax payers. I will no.t use any of the money in tho transaction of my private business, nor will I Joan any of the funds of the, county to private individuals or others, as .the money is not mine to use in that way. ', " During the first six months of his term che interest on public moneys - in his possession amounted to $700.26, and this sum has been turned into the county treasury. Mrj O'Keefe believes that public office is a public trust and, holding this opinion, believes that he is not entitled to interest that arises from tho deposit of public money. In defending his position he says that in loaning only to the 'banks and in accounting for all tho in terest received he avoids . tho temptation to pay political debts with county money or -to loan at in sufficient security. Ho is thus protecting himself while he protects tho county. Mr. O'Keefo has set an excellent example, and treasurers, Btato, county and municipal, may well imitate him. There is no reason why a treasurer should be allowed to increase his salary indefinite ly by tho loaning of public moneys, and it is neither safe to tho county nor kind to him to sub ject him to tho temptations which naturally and necessarily follow tho old method of handling public funds. Most of the embezzlements which have brought loss to counties and ruin to offi cials can bo traced to one of three causes: First, tho use of public funds in business investments and speculation in such cases defalcation Rpmcs when the business investment proves bad or tho speculation unfortunate; second, tho loaning of public moneys at insufficient security for tho pur pose of getting a higher rate of interest in such cases the official mortgages his honor and his office on the promise of an increased return; third, tho use of public moneys to pay political debts, or to make political friends. The laws should everywhere regulate the dis position to be made of public funds and removo from the official all temptation to profit at the ex pense of the government In 1888 the republican national platform denounced Mr. Cleveland's first administration for depositing money in favored banks, but it has followed the same plan and there is no doubt that it has thus secured large additions to its campaign funds (which are really an indirect form of interest although paid to tho political party malting tho loan instead of to tho government representing the whole people). Thero is no doubt that state funds are often used in tho same manner and, to a lesser degree, the funds of county and city. It would bo well for all public officials to make and keep the resolve published by Mr. O'Keefo upon tho assumption of his du ties, but it would be better still if the laws com pelled all officials to do as "Mr. O'Keefo has vol untarily done, for while thero is power in a good example it is wise for the community to strengthen the officials by removing the temptation from them. The public will find no difficulty in secur ing officials who will do the work for the salary paid. In fact, tho public will get better service from the men who will accept the office for the salary tha- from men who enter the office with the expectation of making money on the side. JJJ As a True Democrat. Commenting upon the letter written by David B. Hill to the effect that he was "still a democrat very still" in 1896, the Now York World says: As a true democrat Governor Hill could only have brokon-his silence in that campaign to expose the fallacy and to denounce the essential dishonesty of tho demand for the free, unlimited and independent coinage of silver at the false ratio of 16 to 1. Then the World says that democrats ought to be very grateful to Mr. Hill for keeping "very still." If "as a true democrat" Mr. Hill could only have broken his silence in 1896 "to expose the fallacy and to denounce the essential dishonesty of the demand for the free, unlimited and indepen dent coinage of silver at the ratio of 16 to 1," what was Mr. Hill in 1900 when we are told ha gave sincere and cordial support to tho democratic ticket? The platform of 1900 contained a demand for the free and unlimited coinage of silver at the" ratio of 16 to 1. Mr. Hill's friends claim that in that campaign ho was sincere in his support of the ticket. Was he "a true democrat" in 1900 when he broke his silence and yet failed to "ex pose the fallacy and to denounce the essential dis honesty" of a plank in tho national platform? Or was he "a true democrat" in the campaign of 1896 when he was "still very still?" Cleveland and Tariff Reform. Tho Richmond Telegram, which announce editorially that it would be willing to vote for Mr. Cleveland again, although preferring somo one else, takes Mr. Bryan to task for doubting Mr. Cleveland's fidelity to tariff reform. It says: If he (Mr. Bryan) is an honest man ho must admit that Mr. Cleveland, whatever may bo his sins, has for twenty years been tho earnest, consistent and unswerving advocato of low tariff, tho present live issue, and tho only rational means yot discovered to properly curb tho trusts, and yot ho tries to produce the impression that Mr. Cleveland Is opposed to low tariff. Until wo road this wo belloved that Mr. Bryan was at least honest and sincere. Mr. Cleveland's message sent to congress near tho close of his first administration did not con tain adlscusslon of the principles of tariff reform; It was merely a protest against tho accumulation of tho surplus. Tho wholo message might bo con densed into tho epigram which did service in 1888, "Unnecessary taxation is unjust taxation." After receiving credit for tho message ha favored the adoption of a platform In 1883 which on tho tariff question did not differ ma terially from tho republican platform. Tho con vention of 1892 was compelled to reject tho plat form prepared by Mr. Cleveland and his friends, and the campaign that year was fought upon a platform which was far more radical than Mr. Cleveland or his managers desired. When the campaign was over Mr. Cleveland refused to call congress together to take up the tariff question upon which tho party was united. Ho waited un til tho financiers demanded further legislation in the direction of tho gold standard, and then he called congress together and divided his party by trying to compel its support of a bill Identical in purpose and almost identical in language with one Introduced by John Sherman a year before. When congress did get a chance to legislate upon the tariff question, moro than a year after the campaign of 1892, ho became disgruntled be cause the bill did not contain the specific provi sions which ho desired and refused to sign the measure, allowing it to become a law without hia signature. The Wilson bill was a much bettor tariff measure when it passed the house than when it came back from the senate with amendments, but as passed it was the best that could be se cured under tho. circumstances, and Mr. Cleveland did not show any great interest in tariff reform when he refused to sign the bill and gave tho re publicans a weapon to use against it. In 1896, when Mr. McKInloy, tho representa tive of ultra-high tariff views, was a candidate, Mr. Cleveland threw all his influence to his elec tion, and after the election, at the Waldorf dinner, ' boasted of his part in tho republican victory. He defended his action on the ground that the money question was moro important than tho tariff, but whatever his excuse was he suppressed his hos tility to high tariff long enough to help install a protectionist administration. In 1900 he again, by silence, threw his influence to the side of high, tariff, although he contended that the money question was dead and even though he had de nounced Imperialism as a menace to the very ex istence of tho republic. Now this is his record, and the editor of the Telegram will not dispute a single fact herein stated. Yot ho insists that if Mr. Bryan is an honest man he must admit that "Mr. Cleveland has . r