THE NEBRASKA INDEPENDENT.
THE TRUTHAT LAST
An Acknowledgment That the Bryan and
Populitt Financial Theories Enacted
Into Law Ht Produced
Frepperity
From the moment that the republi
can congress passed a law for the coin
age of silver and placed the dollars so
coined fifty millions of them in the
hands of the president for the pur
pose of paying the cost of the war
against Spain, The Independent has
been urging the democratic press to
take the matter up and make it the
leading topic of discussion. But the
democratic editors would have none of
it They have allowed the people to
remain in ignorance of the fact that
the republicans made two presidential
ramraiima unon the cry that the coin
age of silver must be stopped and that
an increase in the volume of money
was the repudiation of honest debts,
and then as soon as in power, adopted
the very policy that they denounced,
coined more silver than was ever
coined before and inflated the currency
at a more rapid rate than any populist
leader ever demanded.
The daily press of the whole coun
try has refused to allow the facts to be
presented in their columns and to
day many republican editors think
that they are doing their best work
when they indict jibes and flings at
Bryan and the populists for demanding
more money and the coinage of silver,
when they are doing that very thing
themselves and have been doing it for
four years. At last one of the great
dailies, the Springfield Republican, has
published a statement giving the facts
in the case, and The Independent takes
pleasure in reproducing it It was not
printed, however, until after the elec
tion, appearing in that paper in the is
sue of November 7. It is as follows:
"The monetary circulation of the
country was increased during the sin
gle month of October by over $60,000,
000, or nearly $1 per capita. This
must ho miitp. the lareest addition to
the volume outstanding ever made
within so short a period of time. It
was due, first, to a small natural in
crease from current gold production
and net imports; second, to a forced
expansion of the bank note circula
tion by some $15,000,000; and, third,
to heavy payments for United States
bonds from the money of various kinds
hoarded in the treasury..
" "The present volume of money in
circulation accordingly much exceeds
all recent records, not only absolutely
but relatively, the per capita circula
tion being placed at $29.36. With the
circulation of five years ago it com
pares, in total and in kinds of money
outstanding, as follows:
Oct. 1, '02. Nov. 1. '97.
Gold coin ..$624,700,000 $539,300,000
Gold ctfs 304,400,000 '36.800.000
Silver dollars. 75,000.000 60.in0.000
Silver ctfs. .. 459.600,000 372,800,000
Sub'y silver.. 89,900,000 63,400,000
Renewed. Left Side
Badly Affected.
Liable to Paralytic
Stroke.
Dr. Miles' Nervine Gave
Me New Life.
"This is to certify that I have used Dr.
Miles' Remedies quite extensively, especially
the Restorative Nervine, which has done
wonders for me. Six years ago I had nerv
ous prostration and again three years ago, at
which time I began taking Dr. Miles' Restor
ative Nervine. I kept taking it for six
months and have taken an occasional dose
during the last two years. I am practically
a new man and feel that I have been given a
new lease of life. I used to have very bad
attacks of stomach trouble but since using
the Nervine I can eat nost anything I want
with impunity. I wis examined in Omaha
,by a noted German doctor three years ago.
iHe told me I was liable to a paralytic stroke
iany moment; that ray whole left side was
'badly affected. That was just before I began
taking Dr. Miles' Restorative Nervine.
IMy work for two years and a half has been
wery trying on my nerves. I am a presiding
lder, traveling my districts at the rate of
ten thousand miles a year, preaching on an
.average of five times a week, besides many
ifcusiness meetings, and the multitudinous
cares of my work in general. Thanks to Dr.
jMiles' Restorative Nervine I have been gain
jing in flesh despite this hard work until now
il weigh a hundred and ninety-six pounds,
nearly twenty pounds more than in all my
life. I preach Nervine wherever I go to
those afflicted with nerve, heart or stomach
trouble." Rev. M. D. Myers, Presiding Elder,
Free Methodist Church, Correctionville, la.
All druggists sell and guarantee first bot
tle Dr. Miles' Remedies. Send for free book
on Nervous and Heart Diseases. Address
Dr. Miles Medical Co., Elkhart, Ind.
Treas. notes.. 26.700,000 101,500,000
U. S. notes. . 342,900,000 259,000,000
Nat bk notes. 352,400,000 225,100,000
Curcy ctfs. 48,300.000
Total .... 12,275,600,000 $1 ,706,700,000
"The gain from a year ago is only
about $30,000,000 additional to the gain
made in the last month. But the in
crease from five years ago rises nearly
to $630,000,000, or over 35 per cent
This is an extraordinary expansion,
averaging $126,000,000 a year. The ut
most possible addition to the currency
from the free coinage of silver at the
old ratio would have been not more
than $50,000,000 a year; and over the
prospect of any such inflation of the
currency the country, and particularly
the large money interests, went into a
panic in 186.
"Now. however, these same inter
ests, in the face of the greatest mone
tary inflation or expansion known
since the civil war, are calling for
more of the same thing. That the Bos
ton News Bureau says that the finan
cial powers have combined to bring
Washington' to the conclusion that
'some financial legislation must be en
acted this winter if the country is to
be kept from disaster.' And in this
connection a financier in close touch
with Wall street is quoted:
" 'Unless our currency system is
changed, the business of the country
cannot be properly handled, and the
sooner the country recognizes this fact
the better it will be for the admin
istration. Prosperity is reported on
every side, but there is not enough
money to supply legitimate demands,
and unless the administration sees fit
to enact legislation to relieve the sit
uation, there must be tremendous
amount of liquidation. President
Roosevelt has been told this plainly,
and Mr. Morgan's words have "made a
deep impression.'
"The same cry for more money has
also been lately heard from John W.
Gates, the leader of the bull speculative
contingent, and from James J. Hill,
railroad maenate. Such a cry, as
raised by populists and greenbackers,
has usually been confined to times of
currency contraction or stagnation. It
now comes from the great financial
interests immediately following or at
tending one of the greatest enlarge
ments of the money volume ever
known. Thus curiously does the cheap
money demand shift from the plains of
Kansas to the center of the financial
district of the metropolis.
"Great as has been the currency in
flation of the past five years, the ex
pansion of speculative venture has
been greater, and in the consequent
exhaustion of available money sup
plies arises the cry for more inflation.
Tt. is a disease that grows rather than
subsides by such feeding, as has al
ways been noted in times of fiat money
creation. The more money is put
nut. the creater is the apparent need
of more money to keep up the fires of
speculatioa that have been started.
The present trouble grows out of too
much 'money- inflation, not too little;
and more will only aggravate the diffi
culty. Undoubtedly the currency needs
reforming, tut not just now in the
way of effecting further extended ex
pansion of the volume, particularly in
tho Hue of credit currency."
Words cannot express the wrath and
indignation any honest man must feel
when he looks back at the last two
presidential campa?gns and remembers
the subterfuges, falsehoods and falla
cies that were promulgated by the
repvbJican leaders, every one of whom
knew that they were falsehoods and
fallacies when they uttered them.
Bryan and the populists were right on
the money question and these villains
knew that they were right when they
went forth to defame and slander
them. They knew that destruction
would come upon the people if the
policies the republicans advocated be
came the policies of this government.
What they wanted was to hold the
reins of power until the trusts could
be well organized and gather into the
hands of the few all the increase in
wealth that came from inventions, ap
plied science, and the intelligence of
the workers which the common
schools, colleges and universities of
the country had made possible. With
this awful inflation of the currency,
known to every man of intelligence,
still the editors of the great dailies
continue to jibe at and ridicule the
very system of finance that they have
enacted into law and is now in force
in the country, and raise their devilish
hands in pretended horror over the
thought of what would have happened
if Bryan had been elected. The mul
let heads, and there seem to be some
millions of thorn, believe that we have
the gold standard and that the republi
cans stopped the coinage of silver.
The editors of the Springfield Re
publican have known all the time
what was being done and they have
said not a word. Why did that paper
join the army of the silent on this
question until after the election was
over. Why did it not do as The In-
J
dependent has done for the last four
years, publish the truth so that the
people might be informed of the facts
in the case?
In studying the above table readers
should remember that as far as the
coinage of silver goes, the three items,
'silver dollars," "silver certificates,"
and "subsidiary silver" are all prac
tically the same thing. It is just that
much silver added to the circulation.
HAPPILY
SURPRISED
Unequal Competition
The Lincoln Daily Star professes to
see a crumbling of "the walls which
protect" the Standard Oil trust and
the steel trust against competition,
and believes both these, trusts ar up
against it. The Independent has not
heard that there has been any change
in the tariff on steel products or pe
troleum, or that the great transporta
tion lines have suddenly taken the no
tion to give small producers of steel
products or refiners of petroleum equal
freight rates with those given these
two great trusts hence, all talk about
serious competition is simply bosh.
Regarding the Standard Oil trust the
Star says:
"For years the Standard Oil company
had its will in the American market,
and the people were benefited, rather
than injured, by it. At the time it first
assumed control, kerosene was about
the only produce of crude petroleum,
but this gigantic corporation expended
hundreds of thousands of dollars in
experiments, and sent Its agents into
the far corners of the earth to intro
duce its wares. Today hundreds of
products of crude petroleum are util
ized in all parts of the globe, and the
profits realized upon them have en
abled the company to declare immense
dividends without, however, advancing
the price of illuminating oil. As a mat
ter of fact, the latter article has de
clined in price almost from the day of
the Standard Ail company's ascend
ency. But now, probably urged on by
the scourgings of over-greedy stock
holders, the officers of the company
have undertaken to advance the price
of oil by easy stages, probably hoping
that their delicate finesse would be
overlooked; but alert America Is a
poor place in which to undertake sly
manipulations, and for the first time
in many years there is to be sharp
competition in the oil market."
It was not the "economies of pro
duction" which built up the Standard
Oil trust, and the Star well knows it.
Ever since the days of the South Im
provement company, and later the
Standard Oil company, the secret of
its enormous growth has been that it
received freight rates that no other
producers could get. A refinery costing
a quarter of a million dollars can pro
duce just as good petroleum products
as one costing ten times that amount,
and at substantially the same cost
Mere mass of capital did not build up
the Standard Oil trust but railroad
freight discriminations did. Perhaps
the trust has pushed up the price to a
point where smaller refineries which
have been shut down since 1896 can
produce petroleum products and sell
them at a small profit after paying en
ormously unfair freight rates. But
they won't last long. The railroads
will put on another turn of the freight
thumb-screw and the little fellows will
shut down again.
A CLEVELAND GIRL'S UNEX
PECTED GOOD FORTUNE
How She Wi Made nappy "After ITecka
Daring Which Her Life Wm
Despaired of
"I had lost hope and so had my fam
ily," said Misa Flora Hanna, of No.
349 Euclid avenue, Cleveland, O.
"Two years ago," she continued, "I
suffered from a severe attack of typh
oid fever. For three weeks my life
was despaired of and finally when the
fever left me I was so weak that it
was a month before I could sit up in a
chair. The ravages of the fever left
me a physical wreck. My blood was
impoverished and I looked like a
corpse. I had not the slightest in-,
clination for good, in fact the thought
of eating filled me with disgust I
was listless and tired. The tonics pre
scribed by my physician did not
strengthen me.
"I had often heard of Dr. Williams'
Pink Pills for Pale People and con
cluded I would give them a trial. At
first the pills did not seem to do me
much good and I became discouraged
but determined to persevere, thinking
if they did not do me any good they
would not do me any harm. But I waa
happily surprised, as I had scarcely
finished taking the first box when I
began to improve. I continued until
I. had taken five boxes. My strength
gradually came back and my appetite
returned and I was a well girl again.
I am positive that it was Dr. Williams
Pink Pills which effected my complete
restoration to health. I have recom
mended them to my friends and those
who gave them a fair trial have al
ways been satisfied with results. A
persistent use of this remedy will en
sure a good complexion, bright eyes
and red lips. I know this from ex
perience." Dr. Williams' Pink Pills have a dou
ble action on the blood and on the
nerves. It is not claimed that these
pills are a cure-all, but the very na
ture of the remedy makes it efficacious
in a wider range of diseases than any
other. It Is a scientific preparation
designed to cure disease through a di
rect action on the blood and nerves.
Impoverished blood and badly fed
nerves are the cause of nearly every
ailment that effects mankind.
Dr. Williams' Pink Pills for Pale
People are sold by all dealers, or will
be sent postpaid on receipt of price,
fifty cent3 a box or six boxes for two
dollars and a half, by addressing Dr.
Williams' Medicine Co., Schenectady,
N. Y.
W. E. Moore, Blossom, Tex., send in
a list of 19 educational subscriptions
and says: "The future looks gloomy
to lovers of liberty and a people's
government, but I have not yet lost
hope. If we had in the union a dozen
or more such papers as The Common
er and The Independent with such cor
respondents and editors to educate the
voters as to their true status now, the
people might win in 1908 over plutoc
racy. I don't think Bryan will suc
ceed in purging the democratic party
of its many mammon-serving leaders;
failing in this, he will make a grand
leader of the people against plutocracy."
For over sixty years Mrs. Winslow's
Soothing Syrup has been used by
mothers for their children while teeth
ing. Are you disturbed at night and
broken of your rest by a sick child
suffering and crying with pain of Cut
ting Teeth? If so send at once and
get a bottle of "Mrs. Winslow's Sooth
ing Syrup" for Children Teething. Its
value is incalculable. It will relieve
the poor little sufferer Immediately.
Depend upon it, mothers, there is no
mistake about it. It cures diarrhoea,
regulates the stomach and bowels,
cures wind colic, softens the gums, re
duces inflammation, and gives tone
and energy to the whole system. "Mrs.
Winslow's Soothing Syrup" for chil
dren teething is pleasant to the taste
and is the prescription of one of the
oldest and best female physicians aDd
nurses in the United States, and Is for
sale by all druggists throughout the
world. Price, 25 cents a bottle. Be
sure and ask for "Mrs. Winslow's
Soothing Syrup."
A Healing Mineral Spring at Your
Door
Every reader of this paper who i3
sick and in need of medicinal treat
ment should be interested in the offer
which the Theo. Noel Company of 527-
529-531 West North Ave., Chicago, 111.,
are making in this issue under the
heading "Personal to Subscribers."
This company is the proprietor of the
famous Vitae-Ore medicine, a natural
healing and curing mineral, which was
discovered many years ago by Theo.
Noel, the president of the company,
at that time a prospecting geologist,
while prospecting in the neighborhood
of an extinct mineral spring. The
Ore or rock from this locality, when
properly oxidized possesses marvelous
curing and healing properties, and
since its introduction has been Instru
mental in curing thousands upon thou
sands of people all over the country
of the diseases named in the announce
ment and has already wrought many
wonderful cures among the readers
of this paper. The Theo. Noel com
pany desires no one's money whom
,ritae-Ore cannot positively benefit and
for this reason desires each person to
test it before paying for it and none
need pay unless benefited and satisfied.
Ranch For Sale
I have for sale a fine ranch con
taining 2,360 acres. About two-thirds
o! it is good hay land, and part of it
farm land, and the balance pasture. It
adjoins some free range. The hay is
the best quality and it Is an excellent
chance for some man wanting a ranch,
Price $18 per acre.
J. A DONOHOE,
O'Neill, Neb.
TRUCK FARMING
IN THE SOUTH.
Does Trnck Farming In the South pay7 Write
the nudri)jnd for a free copy of Illinois Cen
tral Circular No 3, and note whet id said con
ceruiuff it.
J. F. Mbrrt, Ass't Gen'l Pas'r A?ent
HlinoU Central Railroad, Dubuque, la.