, r.-.
T-
The Commoner.
16
VOLUME 3, NUMBER 30.
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but preparatory for Uio perfection and
efficiency of an army.
"Marked changes at different times
havo occurrod in the strength and or
ganization of. tho army, resulting from
dlffuao influences and various oxperl
monts havo been tried. Time has rec
tified errors in tho past and will do
so in tho future. The lieutenant gen
eral has faith that under all circum
stances tho army will maintain its I
high character, and that its future will J
be as honorable and glorious is has
been Its history in tho past His
earnest solicitude and best wishes will
ever follow tho fortunes of the army.
(Signed) "Nolson A. Miles.
"Lioutenant General, Commanding."
THE LAST ONE ?
Wall Street Turns to Bryan,
While little Is taking placo In na
tional politics to warm the cockles of
Mr. Bryan's heart, ho must bo deriv
ing more or less quiet satisfaction
trom tho criticisms directed against
tho Hon. Josoph G. Cannon, of Illi
nois, by tho eastorn newspapers and
tho Wall street journals of nnance.
Mr. Cannon, who will be the next
speaker of tho house, recently said
the Aldrich currency bill would not
bo considered by the next congress,
and that there was no general demand
for a "rubber currency." This frank
and unqualified attack on the Aldrich
financial program has pained tho east
, excessively, and Mr. Cannon is vari
ously represented as an arch and bu
colic enemy of progress.
Mr. Cannon said that tho demand
for a "rubber currency" was made to
satisfy the speculative desires of Wall
street, and that tho rest of tho country
had all the money it needed for its
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business. "What does Mr. Cannon
mean by 'rubber?' " screams tho Wall
Street Journal. "Does he deny tho
value of elasticity? Js rigidity an
essential .quality for bank note circu
lation? If that is so, why does not
Mr. Cannon have a law enacted to.
abolish the uso of checks? They con
stitute a currency system which is all
rubber. The check system is so elastic
that their value expands and con
tracts with the varying pressure of
business."
All this must conjure up before Mr.
Bryan's delighted oyes new visions of
I he great Nebraskan panacea for all
the ills of the currency system, name
ly, tho free and unlimited coinage of
silver at the ratio of 16 to 1. There is
elasticity for you, and plenty of it
Free silver Would expand the currency
vntil even Wall street could not pro
mote new billion-dollar trusts fast
enough to absorb all the money that
was pouring into the market, and this,
wo are given to understand, is the only
ideal financial system that a country
can maintain. There must be enough
money to meet all the needs of Wall
street; so that four corporations, capi
talized for $1,000,000, can be merged
and capitalized for $10,000,000, and
the securities disposed of before the
water begins to leak out
The condition that Wall street now
bemoans is precisely the condition
that Mr. Bryan and the populists be
wailed in 1S96. There is not enough
noney in the country to do the .coun
try's business. The currency must bo
inllatod. Mr. Bryan would inflato it
by the free coinage of silver at tho
ratio of 16 to 1. Wall street would
inflate it by issuing an asset currency
secured even by railroad bonds And
when this asset currency had been
stretched to Its limit, Wall street will
still have a few little mergers to un
load, and new desires for a. more
The First Battle
-BY-
Jmjf
'$
1 ,
W. J. Bryan.
-v.
A Story of the Campaign of 1896, Together with l
a Collection of His Speeches and a Biographical
Sketoh by His Wife.
aiUSTRATED EDITION, PRICE, $1.50.
I have purchased of the publisher all unsold
copies of "The First Battle," numbering 850
copies, and offer them for sale at the low priot
of $1.50 per copy, sent postpaid on receipt of price.
These copies are handsomely bound in Half Mo
rocco, printed on heavy paper from clear type,
contain over 000 pagea. Orders will be filled in
their turn until the Bupply is exhausted. When
these copies are sold the book will be out of
print. Address
vfc.
611 So. 11th St.,
M. T. HOWEY
LINCOLN, NEBRASKA.
elastic currency, secured perhaps by
the daily bank balances or the checks
that pass through the clearing house
every noon. The difference between
Wall street's dream of an elastic cur
rency and Mr. Bryan's dream lies
chiefly in the fact that there is a limit
to the amount of silver that can be
taken from tho mines, but practically
none .to the securities that can 9
turned out by a printing press. ve
troit Free Press (Ind. Dem.).
JHTIMMI
Ltm&l
