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d'
The Commoner
NOVEMBER, 1916
27
n!pt i"i
$150
PER MONTH and EXPENSES
Salary or Commission- Intro
riuclnir our King lSutturBopa-'
urator. Produces bo-tprado of butter from croam
uVltiti "0. Write lor fraa sample and salary proposition,
Do King Co" 9pt- 70R' Ch,ca' '
Payment of the Loss
In the death of anyone who earns
more than he consumes there is a di
rect money loss. How shall this loss
be met? It may be met in one of two
different ways: First: By a life in
surance company if ,the deceased has
been thoughtful enough to have taken
insurance on his life. Second: By
his family if there was no insurance.
If met by his family, often times it
is (1) through a-lower standard of
living; or (2) through denial of ed
ucational advantages to the children;
or (3) through increased toil by the
widow and daughters; or (4) pos
sibly through' charity..
Is it not much better to meet the
loss through insurapce?
The Midwest Life
of Lincoln, Nebraska
N. Z. SNELL,, Prcftldcnt
Guaranteed Cost Life Insurance
Insured Deposits
Insurance against loss of
your deposits should be de
manded by every person, es
pecially those whose "all" is
represented by their bank ac
count. Oklahoma was the pioneer
state in providing this insur
ance and since the enactment
of the law in 1908 no depositor
has lost a cent deposited in an
Oklahoma- State Bank.
THE GUARANTEE
STATE BANIiaJv ... . .
was the pioneer bank in calling
the attention of the out of :the .
state depositor to the benefits ,
- -"-TJHlrrrOklahoma Guaranty Law,
and refers with pride to many
depositors from thirty states to
whom it has given prompt 'and
efficient service in years past.
FREE BOOKLET
and copy of law on application.
Become a depositor with us.
GUARANTY
STATE BANK
MUSKOGEE OKLAHOMA' .
M. G. HASKELL, President
Hv E.-'D-VISi'vCVshier.'- X
estate owner who got twice as much
by renting his building to a saloon as
to a legitimate business is injured.
He is letting out an awful yell. For
it is an admitted fact that saloons
pay twice the rent of othQr business.
But it is the real estate owner who
rents to saloons against the corner
grocer and the baker and the mer
chant and against the mother and
children at home who now share tho
money that used to go ever tho bar.
oenument in .Denver has changed
on prohibition and to a marked de
gree. Denver voted wet hy 8,000,
but thu dry state outside outvoted
the city. There is little question
Denver itself would vote dry today.
The writer, desiring to get an idea
how an inconsolable wet viewed
Denver's "ruin" questioned tho
waiter at one of the principal hotels.
"Well I suppose things are mighty
dead now siiice tho city's gone dry."
4lNo," he said. "I'd be for prohi
bition myself if it came up again.
I've changed my mind."
"Why?"
"Well, it doesn't make any differ
ence to me, one way or other. But
out in my neighborhood times are
better' off than they were. They've
got more money to spend at home and
I guess1 it pays in the long run."
They've got the problem of deal
ing with the bootlegger. Lots of
beer and whisky is shipped in from
Wyoming. The millennium hasn't
arrived by a long shot. But prohi
bition in Colorado has come to stay.
As evidence, Exhibit A: The action
of the two political parties in the
state.
Both Parties Indorso It
Prohibition carried, by only 11,000
votes. Seemingly it is a close ques
tion. But politicians generally find
out which way sentiment is going and
try to get right. Recently the two
party assemblies met. The democrats
met first. They gave unqualified in
dorsement to prohibition. Two days
later the republicans met. They read
the democratic declaration and made
it still stronger, if possible.
PROOF AT LAST
From the Nebraska State Jour
nal, republican.
Exactly twenty years ago, this
country was convulsed by joint de
bate on opposing money theories.
.Reduced to its lowest terms, the cam
paign which Mr. Bryan made for
president in 1916 revolved about the
question of cheap money. The "crime
of '73" had left gold to bear alone
the weight of the country's credit.
Population was increasing faster than
gold. Money was growing dearer.
That is, prices were falling. Ne
braska was selling corn in 1896 for
hot inucli over 10 cents a bushel. "Ne
braska farmers had mortgages to
pay, and the dollar they had to pay
Yas worth more tlnan the dollar they
had .borrowed. Mr. Bryan proposed
to ease the condition of the debtors
and raise the price of. the farmer's
produce by adding silver to the na
tion's money base.
On that issue the campaign was
fought. The Bryan plan was pro
nounced dishonest because it in
volved the payment of debts in
50-cent dollars. It was held to be
in opposition to tho- interests of la
bor for it would reduce the value of
the laborerswages, which could not
be depended upon to' riseas fast as
free silver would cause Inoney to
fall.
People with money loaned out op
posed the Bryan plan, as did inter
ests with a. fixed income, like rail
Toads. The agricultural sections,
,-west and s6uth, leaned -toward it.
The -bone of -contention then became
'tho 'laborer. He decided against
cheap money and his decision de
termined the result. Free silver was
beaten. A sudden increaso'of gold
production checked tho appreciation
in gold and with It all chanco to re
vivo tho issue.
Given tlmo enough, experience can
be depended upon to prove all things.
In the twenty years since w "fit"
over abstract theories of money we
have made trial of the conditions
which then we theorized about. A
steady cheapening of money over
eighteen years gave a moderate test
of tho effects of such a process. Tho
European war, suddenly magnifying
and intensifying that process, has
given us a drastic test. And as we
shovel out our "60-cent''' dollars to
day one can not but be Impressed
with tho clearnp8 of vision which
was shown in those dusty times.
Cheap money has helped tho mort
gaged farmer even as Mr. Bryan pre
dicted and as tho farmer himself
pretty generally voted. Ho has not on
ly dollar wheat, but dollar-and-a-half
wheat. Ho pays off as much mort
gage with one bushel of corn today
as he paid with six then. It has
correspondingly injured "vested in
terests," including tho "widows and
orphans" who live on tho Interest
of investments. And tho laborer, he
proved himself a Solomon by his
verdict in '96. He is on tho whole a
heavy loser by the Tialved dollar of
tho last two years. He Is paying
double prices, but his wages are
slower to bo doubled.
What Mr. Bryan proposed has hap
pened, and tho happening has in
volved the "confi mtion" which his
opponents predicted. Had the course
of events moved the other way and
tho dollar continued to appreciate,
the confiscation would have run tho
other way. The great confiscator, as
we now see plainly, is the change
ableness of the gold dollar itself.
It confiscates 'whichever way it goes.
Wo properly refused to confiscate by
direct Intention. By letting circum
stances have their way wo have al
lowed tho same confiscation to oc
cur. The argument is ended. Wo
are all agreed time has told.
BOOKS RECEIVED
Zionism and tho Jewish Future. By
various writers. Edited by H. Sach
er. The Macmillan Company, 64 &
66 Fifth Ave., New York.
American Debate. A History of
Political and Economic Controversy
in the United States, with Critical
Digests of. Leading Debates. By
Marion Mills Miller, LIU. D. (Prince
ton) in two volumes. Part I. Co
lonial, State and National Rights,
1761-1861. Part IL The Land and
Slavery Questions, 1607-1860. G. P.
Putnam's Sons, New York and Lon
don. Price $2.00 per volume.
The Hausfrau Rampant. By E.
V. Lucas. George H. Doran Com
pany, 38 West 32nd St., New York.
Price $1.30, net.
Towards an Enduring Peace. A
Svmposfum of Peace Proposals and
Programs, 1914-1916. Compiled by
Randolph S. Bourne. With 'an in
troduction by Franklin H. Giddings.
American Association for Interna
tional Conciliation, New York.
Woodrow Wilson as President. By
Eugene C. Brooks, Professor of Ed
ucation, Trinity Colfege, Durham,
N. C. Row, Peterson and Company,
Chicago and New York. Price $1.6Q.
Carnegie Endowment for Interna
tional Peace. Year Book for 1916.
No. 2 Jackson Place, Washington,
D. C.
f
' "A glance at this picture" carries
ine back home." "That's-one -way of
Aeating -tho railroads;" - -Boston
Transcript.
.-
f
. 1.
HUNDREDSoffortunatorneri.of all opes
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