JANUARY 1, 1903.
THE NEBRASKA INDEPENDENT,
ernment). It is necessary to keep the1
mints open to free coinage of both
gold and silver, if treasury notes are
to be redeemed either with gold or
silver coin at the option of the gov
ernment For this reason Bryan can
consistently advocate either monomet
allism or bimetallism, but Mrs. Lease
lxr (nponrsMns? to her
1 system of redemption) advocate eith
er. Her money (treasury notes; neeu
no redemption, except by receiving
thpm fnr taxes. Conseauently, there
is no necessity for free coinage of
either gold or silver, according to ner
system of paper money,
It is the greatest of mistakes to sup
pose that the volume or quantity of
paper money can be properly limited
by making it convertible into or re
deemable by coin. If we must have
wi tender bank notes for paper
money, they ought hot to be made
convertible into coin (either gold or
silver) if the object is to properly lim
it the quantity of paper money. This
system may possibly diminish the
quantity of paper money, but it in
creases the quantity of coin, by as
much as it diminishes the paper
money, (assuming that there is coin
in reserve, with which to redeem pa
per money). We need a system of
redemption, that will diminish the pa
per money, without increasing the
coin. We also want a system that
will diminish the coin, when there is
too much money, as well as diminish
the paper money when there is too
much. If private individuals issue uie
coin, as they, do, under a system of
free coinage; and, if private individ
uals issue paper money, as they do,
when banks issue bank notes, then we
have two kinds of private individuals
issuing money at the same time;
whereas there should never be but
one individual or corporation, in a
nation, issuing money;, and, if we had
but one person or corporation issuing
money, that person could properly con
trol the amount, and,theieby furnish
the community or nation the proper
amount of money. It is impossible to
have a" proper system for issuing
- money, if more than one person is al
lowed to do it Therefore, if nations
have bank note jpaper money, they
must not allow nl -e than one bank of
iss ie.f I 1 '
W( ?all have to adopt the princi
ple that but one person in the United
States "an be allowed to issue money,
" and that that person must be "Uncle
. Sam." As soon as we do this, the;;
will never be any difficulty about too
Trmr-h or too little money. There will
be ju.. enough issued to give the
money stability and uniformity of val
ue, instead of a fluctuating value. This
can be done by (1) closing the mints
to fref J coinage; (2) stopping the fur
ther issuance of paper money by the
banks; (3) by allowing the govern-
ment to issue all the money, whetner
coin or paper. We shall have to come
tack to the old convertible bond the
ory, which authorized the government
to issue all the money; and then, if,
by accident, too much should be is
sued, the excess could be retired by
exchanging interest-bearing bonds for
the money. The convertible bond peo
ple,1 however, made the mistake by
thinking that it would work automat
. ically, that is, by authorizing the sec
retary of the treasury to issue the
money and the bonds to redeem it;
whereas it really required a commis
sion, expressly erected for the pur
pose. It was not seen, then, but it
can be -seen now, that the secretary
of the treasury ought not to have any
thing to rn with r-ontraetinc or ex
panding the currency.
Bryan wants United States legal
tender treasury notes for paper mon
v". while the banks. Cleveland & Co.,
and some gold standard republicans
want bank notes for paper money.
Here is a great issue, to be fought out
at some future t'me. It cannot
done until there is a new alignment
of parties. It cannot be done until the
silver question is settled, nor until
the tariff issue is settled. The repub
lican leaders, in 1896, said that "free"
coinage of silver would produce a 50
cent dollar, and that those who had
money in the savings banks would
lose one-half. This was a great false-
hood; and it, like all other lies, set
tled nothing. The money question
must be settled by telling the truth;
" and until it is so settled it will not
be settled permanently.
whether or not the "heathen Chinee"
originated in China? whether the Ma
lays originated in southeastern Asia,
where we now find them? whether
the negro grew spontaneously in Af
rica? whether the ancient 'Egyptians
developed spontaneously in the valley
of the Nile? whether all the European
peoples and races came from Asia, or
whether some of them grew spontan
eously there and afterwards mixed
with other races from Asia and Africa?
whether the Aeztecs of Mexico devel
oped there, through the long and slow
nmress of millions of years? and whe
ther the ancient people "ot Peru, found
there by the Spaniards, grew mere
with the gradual growth of the conti
nent of South America? what was the
original home of Adam and Eve? was
it at or near the mouth of the
Euphrates? And then did our first
Ta rents move further north and find a
more congenial clime in the neigh
borhood of Mesopotamia? All these
questions must be answered before we
can ascertain the designs of Provi
dence with reference to the human
races; and although the children cf
Adam and Eve have been working on
this problem for more than 2,000 years,
yet the problem is not solved. At any
rate it is quite certain that all the
races of mankind did not come from
Adam and Eve.
4 iirai fie i i ioirriil
J n la 111
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' .
The book has merit enough to jus
tify another edition, with some things
added and some things left out For
instance, instead of speaking of the
"hypocritical church," speak of hypo
critical persons in the church. The
"church" has never been hypocritical,
but individuals, in the church, have
been false and hypocritical. The chap
ter on finance ought to be rewritten;
and it ought to be shown that we have
now reached a stage of development
in the United States whereby our na
tional credit is so firmly established,
that we can close the mints to tree
coinage of gold (as we have done with
respect to silver); that we can stop
the further issuance of bank notes
and gradually substitute government
notes for coin bank notes; and lastly,
but not least, it ought to be noted and
dwelled upon, that the essence of
money is in its limitation, whether
the money be represented by coin or
paper, and that there is no such thing
as "intrinsic" value, all the great
philosophers to the contrary notwith
standing. It is unfortunate that a writer and
teacher, as intelligent as Mrs. Lease is,
should ,elieve in "irf rinsic" value.
This .ca is as barbaric as gold coin
is or silver dollars were.
JNO. S. DE HART.
Jersey City, N. J.
Deliver
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to Your
Station
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5j Ids. best fine granulated sugar. $1 00
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2 lbs. fancy evaporated peaches. tf
25 bars laundry soap J 00
3 lbs. best tea. 1
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2 lbs. best baking powder wj
6 lbs. best raisins JJ
i2 lb. best ginger 2a
6 lbs. best rice
6 lbs. California prunes oO
2 lbs. choice mixed candy .' 2
8 lbs. rolled oats 25
3 cans oysters.. 25
1 largest box matches 25
2 bottles lemon extract 20
2 bottles Vanilla extract. . . . . 20
1 box starch.
3 pkgs. stove polish 25
3 10c cakes tar soap 25
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We are the largest distributors of groceties in a retail way m the
west. Have thousands of customers who send us their .money and ?
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reputation all over the northwest among consumers. We se 1 more r
groceries in Lincoln than any other 3 stores. Give us a trial .rder..
Reference, Columbia National Bank. .
FARMERS GROCERY COMPANY.
226-228-230-232-234-236-238-240 No. 10th St, Lincoln, Neb. ,
The "mother of the populists" has
failed to solve the problem of our
civilization. The "supporter of Bry
an and of the Chicago platform in '96,
the opponent of Bryan and of the same
platform in 1900," cannot solve the
problem of civilization until she can
account for the origin of the different
races of mankind and fathom the
signs of Providence in relation there
to. For instance, we want to know
Present Experiences
Editor Independent: A leading pa
per says: Tne mines must ne
brought under a strong measure of
public regulation and control, either
state or national, if the people are
to be assured hereaiter against any
repetition of present experiences."
Is it not marvellous that educated
and religious writers and speakers
will publicly declare against the ab
stract principle of socialism, in Hie
face of the existing light, knowledge
and pinching present experiences?
When competition reaches the ruin
point, a.3 testified by Mr. Rockefeller,
it forces combination and monopoly.
Under which there is absolute indif
ference to the welfare of the -people.
Judged by "present experiences," the
existing monopoly breeding industrial
system will not and cannot support
society. Life itself is unregarded.
With provisions at prohibitory prices,
a coal famine has been precipitated
by Divine dictation (another offering
up of Isaac, as it were). The public
has no rights that can suprecede those
of monopoly, is openly declared. The
public should then repudiate monop
oly, and serve itself. This would in
sure due consideration and honest ser
vice. Can it be imagined that the pub
lic service could fail through any self
ish chance; or the public police re
fuse to execute a legal warrant or the
public fire department be unable to
respond to a call?
It is declared that socialism means
"robbery of the rich." Well, the so
cialist nrimary principle is within all
the public departments we have men
tioned, and there is no evidence of
theft. If there has been, where is
the swag? Can reference be made of
public officials with incomes of from
one to fifty millions?
Is the case not so clear that all can
see, except those determined not to
see? Compare public and private ser
vices. Private services with "pres
ent experiences" of destitution and
threatened death to multitudes, and
enormous incomes to the few. Public
rvi-in the interest of the entire
population, and no officials with more
tha v-a moderate salary. Private ser
vf Hhat feels no responsibility .con
cerning the public welfare, and that
has ; now gone to such lengths th .
the '"calamity howler" has become a
prophet, and the socialist is justified
by "present experiences" to say, I
told:you so." Public service-with its
great army ready to walk straig.it to
svre death, if need be, in the interests
of the people.
Does it not seem that the unsup
ported charge of "robbery" is the old,
old cry of "stop thief," and that the
bottom reason for it lies in the fact
of possession of positive knowledge
tha nhstrnrt nrincinles of social-
ism (public service) will stop robbery
we mean legalized robbery?
.LEVIN T. JONES, (237).
Baltimore, Mr. " "
(In direct violation of the laws of
Pennsylvania, every one of the coal
roads has its counterpart coal com
pany. And without agreeing to go
tv.o whni road with Mr. Jones, The
Independent will go with him to the
extent of public ownership of the
railroads. It may be tnat tne time
ia r.a!t fnr a diffused ownership of
the anthracite coal lands, but it is not
difficult to see how a , concentrate
hrousrht about by pri-
vate ownership of the railroads. With
out means of transporting nis coai 10
market pvrpint. bv wagon, wnat couin
the smaller and independent mine
owners do? Nothing but sell out to
tho rfirriprs of coal.
It may, be that public ownership of
the railroads would not DreaK aown
the anthracite trust; but it would
hrpak the Standard Oil trust, the steel
trust nnd others of that nature, where
independent operators could do a
thriving business if they could reach
the markets at no greater freight cos
than, the trusts pay. Ed. Ind.)
HORSE COLLARS
In Philadelphia
Majorities are big
In Philadelphia.
They do not care a fig
In Philadelphia
What thfi neonle do or say.
For when comes elecj .mi . day
They have things thv own sweet
11
ASKyo
URPEAIERTOSHOWTI
BEFOREr.YOU BUY. t
MANUFACTURED Bf
HARPHAM BBOS.CO.
Lincoln.Neb.
way " ' , ., ,
In Philadelphia.
When things get rather warm- ?
In Fhiiaaeipnia
And people cry "reform- '
In Philadelphia
mw. v,o wsas sav "Enough!
You are treating us too rough.
We the ballot box wm Biuui
In Philadeipnia. ,
It's fixed so they ca-n't lose
Tn Philadelphia-
On election, day they snooze-
In Philadeipnia.
They've a new scheme that is great
fTha rotnrns tnev esuuidtc; ,
It's as sure to win as fate
In Philadelphia.
Things are run by Matt S. Quay
In Philadelphia.
You can bet he knows the way
ID 1 uuueii 1
He is not like our own Free,
You will all have to agree,
For he always wins, you see
In Philadelphia.
Thomas O. Clark, in Baltimore News.
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