THE NEBRASKA INDEPENDENT
JANUARY 8, 1903.
troller of the currency and the .secre
. tary of the treasury dare not compel
v obedience of the law. The entire num
ber of 272 banks in the 30 reserve cit
ies are in the aggregate short in their
reserves nearly $2,500,000. Two of the
central reserve cities Chicago and St.
Louis are also short This is noth-
jijg lie TV. maiijr ui iuc i.mu iwic uvw
' short continuously for two" years' or
more. No effort has been made, so
far as .the public is informed, to com-
-pel them to obey the law. To attempt
it now would Dnng a panic, rrac-
, ticauy, ail tnis is now aamiueu dj
'.Rpprotarv Rhw.
The whole national bank system is,
and has been from the beginning, in
'hftrently vicious, demoralizing and
. dangerous in Its tendencies. It does
ffnot follow that every national banke.'
is cusnonesi, or inai every nauonai
;bank is run in the evil channel which
, the law permits. I am glad to be
"lleve that there are not a few hones
men in these banks, and I think I
,know some banks that are managed on
rafe banking principles justified by ex-
1 1 J A 11 J
'penence, ana not, on ine vicious
": mission of the law.
; The permissions of the law, the or-
, rrrt Yrtn rra norvrtHtflrl nnor i f onrl ilia
- - - - - 7
method of banking permitted by it are
such that the tendency of it is to at
tract to the banking business men of
.shrewdness, but without moral scru
ples, who can raise monev enoueh t'.,
'.at a vt a Vionlr Tho Inncrof iha Bvctom
:t nas existed tne stronger it nas Decoinc
. in its evil influences, and the more of
tills sort of men have come into th
fbn'ne business. Already there is
such ; an utter disregard and defiance
of Jaw by national banks as to amount
J tn nhsnlnfp nnarchv This 1st Tinrtirv
.... w -- - - r -.-
ularly true of the New York city
V banks. In that city bank officials
ui: vvi wl j mil) la, it. a i c. v.i ix v uuu 4v,r
the government. By reason of the
l ower of sucn men a3 Morgan and
Rockefeller and the financial combi-;
-the law cannot be enforced.
'V "-The power of the government treas-
5 ury to assist them is now about ex-
and will be enacted. In the mean
. time,' it is announced that the New
Yprk crowd has made a pool of $50.
(MOG0 to be loaned to keep down in
, Jterest. To. put this , theother end
ioremost means to neen my tne price
-of stocks in the .gambling arena of
. Wall , street. Whef k ir ' this $50,000,-
000 of cash? . Th, New:Yorkb&nks in
ine aggregate, nave i.iess man; ,yyy,
, 000 surplus Chicago 14 -St. LouiSi
are "both short in theirrves. Tne
'?.272,bank in the 30 reserve. cities are
4 in the aggregate, more than $2,000.0i;0
thort. If this syndicate should draw
Sunt r V l.n.il.rf tc fXWJ Ul thnt in
'V i;ui vij uauta ,j'jt,VMi, Mi civ ai
v Itself wob'ld cause a panic. It is ridic
.' ulous to "suppose that these men have
that amount, or anything near it, otit
l s-ide of .the banks so that! it could be
"used without disturbing tne bank re-
serves If th?y have any such sum
on deposit and were to check it out
tii.makpi loans.' the banks would -im
mediately be compelled to. call in oth
pr Innns tn leppn nn thpit rpsprvp.s hp-
. cause they have now vejry little sur
plus; in the aggregate, less than ,8 per
cent of that amount. ,It is evident
hoax a scheme to deceive the stock
gamblers, and keep up 1 the price or
' stocks in the market while somebody
unloads. ' ,
, The. American people will have to
awaKen to tneiact tnat tne men, wno
are trying to make them believe th -.
money question is a dead issue, are
r trying to deceive .them. Sooner c
later they will come to know that the
issue of money, and the creation A
bank credits, nrpsjt be, fpr the safety
of our country, in the hands of the'
government exclusively.
. s FLAVIUS J. VAN VORHIS.
Indianapolis. Ind. . ......
.. The fifty million pool which was or
ganized in Wall street pnd called by
.tills, paper a panic stopper nas got a
- UV ' V ' ' V. . V 'J t.J V. V. . . MUVIfVU
. most of the financial writers. They
"call it "the faith cure pool," The ide
that the inflation of bank credits could
ue cured oy adding ntty million more
Inflation seems to have struck the
. whole, crowd as somewhat ridiculous.
So call money ranges from 10 to ir
."per , cent every Iay and liquidation
'goes' on, ; : A
t?
r ' The date at which your sub-
t scription has-fxpired or will &
..expire-is printed plainly with
?t ihe address oh 'the wrapper of
t! the paper each week. It is t
sufficient notice to all readers ?
of The Independent as to the 5
condition of their account. '8
't Examine. he date -on the
fcM! wrnpper of YOT)R paper. If
i it is past your subscription is fc
delinquent v
j - . . e
6 iC i(sC 8
Money and the Taxing Power
BY W. H. ASIIBY.
All Rights Reserved.
6 CHAPTER II. ,
When, we analyze those relations
which constitute what we call human
society, we quickly perceive that, all
our habits, customs, and institutions
have arisen out of the one fundamental
doctrine of private, exclusive, individ
ual possession, ownership and domin
ion over those things which are cap
able of being made to serve man ben
eficially. Each higher form of life
i reived as its. Inheritance from the
lower form out of which it evolved,
thb universal right to live if
it could.
All means, within its reach, it. was
proper for it to use without restric
tion in the maintenance of its own
existence. It was a universal battle
to the death, in which there were no
laws or usages of war to place any
restraint upon the combatants. Th
black flag waved everywhere.
As men began to develop intelligent
foresight, while yet in a state of soli
tary savagery, and being compelled by
the manifest necessity of union for the
common defense of the species against
destruction from savage beasts and
the inclemencies of nature, they were
obliged to so modify the destructive
struggle for the exclusive individual
possession of those thing which con
stitute what we call wealth, as to ren
der a continuance of that struggle
compatible with the preservation of
the species. They clung to the
system of war between individuals,
but began to fix metes and bounds
beyond whi h the individual combat
ant must not go. The equal right of
each, individual to live was restricted
by a proviso which forbade him to
destroy .the. life of another individual.
Personal yiolence between individ
uals was Uhus i eliminated from the
ptrnggle, by something in the nature
of government. Henceforth the strug
gle must go on, within certain ill-defined
limitations, under the niles and
articles of war thus put in force. These
rules and articles of war are being
constantly modified.
No on j is permitted at this time to
reduce . another to starvation unless
he can do so in accordance, with the
laws of war now, in operation!
; " Many of those; things, for the exclu
sive possession of which men now
Mruffgle. ; are the same things for
which, the-, lower forms of life battled
.to. the deatrh. But until m e n strug
gle for them, thpV do not constitute
wealth. It is' .'their capacity' to be
made to serve man beneficially which
constitutes their utility. and which
places them in the category of wealth.
Before roan existed that which 'we
now call utility did not exist and con
sequently there was: no wealth. It is
because of the presence of man and
his power to compel certain things,
capp'ale of beroming the exclusive pos
sesion of each, to prform service for
him which he deems beneficial, that
what we call wsalth exists.
If we take a multitude of articles
frc- milk, bread and cooked meats,
up through cows, grain, swine, horses,
machinery and Anally bonds and
shares of stocks all constituting what
we call by the name of "wealth." and
analyze them for the common element
possessed by each, which gives it place
in t! e category of wealth what do we
find?
It is not a community of form, or
color, or any chemical property. It is
not density or rarity, or hardness or
softness, or quantit -. The essential
nnality common to all, and which
binds them together in the class of
things named "wealth," is that they
are each subject to the exclusive indi
vidual dominion and private owner
ship of man, and are each subject to
be compelled to perform service
deemed beneficial for him. by man.
No matter how low in the scale of
solitary savagery man may have been
placed, food and clothing did for him
constitute wealth. Man. it is thus
seen, is himself the prime factor of
wealth; for though all articles con
stituting wealth might exist, yet un
less man Is there and there under
such conditions as enable him to com
pel thoe articles to perform beneficial
service for him they are not wealth.
Wp thus perceive that no thing is
wealth hv its nature, independently
of its relation to man.
Now, if we look through the entire
human race, we find that in all stages
of development, exclusive individual
dominion and private ownership and
posesrion of the things constituting
wealth, is the foundation stone upon
which every society rests.
Ill-defined and uncertain as it gen
erally is. this doctrine of exclusive in
dividual possession of articles consti
tuting wealth is everywhere recog-
i fzed. It is everywhere assumed
that the right to such individual
Cominion is Inherent in man. The
poet has declared that "he was made
to have dominion over the works of
Thy hand."
In all latitudes the race has proceed
1 1 upon this fundamental assumption.
1 At first it was the result of physical
struggles or stratecems. This funda
mental doctrine was inherited by man
from the lower forms of life out of
which he is assumed to have been
evolved, and where we know it ob
tains without mitigation.
As a solitary ravage, he comes upon
some nutritious wild fruit in the for
est, the spontaneous product of na
ture. He reaches forth his hand and
bears the fruit to his mouth. In do
ing this he expends some portion of
energy or force already under his own
exclusive dominion. He expends a
further quantity of his individual en
ergy in masticating and forcing the
fruit down into his stomach. There in
that mysterious laboratory, by further
expenditure of his own force, it is
transformed into chyle and is taken
up by the ducts and, through the mar
vellous process called "assimilation, '
it becomes indeed h i s, and may be
either consciously or unconsciously ex
pended by him in efforts to obtain fur
ther service for himself by extending
his dominion over nature and her
forces.
Clearly, in the processes hinted at
the ultimate purpose -of that savage
of which he was not conscious, but
whi,ch was an instinct he shared with
the plants and -lower animals around
him was to acquire dominion over
time energy or force sleeping in the
fruit, and to ma''e that energy serve
the purposes of his will.
If we consider man's nature we
quickly perceive that the store of en
ergy at any time thus under the do
minion of his win, and which he mar
expend in efforts, is limited in
quantity. If it is too freely ex
.pended he becomes exhausted, and if
not renewed, a continuous expenditure
results in his extinguishment as a
life-center. From immemorial tirnes
this condition confronted his ances
tors and the lower animals and plants
out of which his own form may have
developed. The presence of his per
petual danger through the ages, has
taught him. instinctively to economize
this expenditure of force; to use i
sparingly and "to strive to obtain in re
turn for each expenditure of it th
greateft amount of that force possible.
The primal impulse in all life-centers
is the impu-lse of self-preservation.
In the higher forms it ascends
and becomes an impulse toward com
fort and thp well-being bf the life
center involved. In man it does not
stop at the impulse which drives him
to supply bis mere individual physical
needs. All his primitive individual
needs have resulted in 'imperious
forms of sensation which drive him to
endeavor to supply the need behind
them.
The need for food takes the form of
huusrer snd compels him to expend his
energy in efforts to assuage its pangs.
The sexual passion drives him to con
tinue bis species by propagating his
kind. He is driven bv his nature to
oopV pyorciQP to riPveion his body. Hi?
inteiinCfiia desires drive him to ex
tend his knowledge. His innate lo,'e
for the beautiful impels him to grati
fy his tastes and drives him to pos
sess gold and silver and shining stones
and flowers. His needs, physical, in
tellectual and esthetic, are mvriad.
Whims and fads and fancies represent
needs that may require to be supplied
with an urgency as great as many that
are physical.
Now, if we look at the things whi h
he compels to serve him beneficially
bv supplying these various needs, we
pe-ceive that every one of them which
is capable of being reduced to exclu
civo It lividual possesion, together
with the power to transfer unimpaired
that exclusive individual possession to
another, constitutes what we call
"wealth." while those not subject to
such exclusive possession and trans
fer ar? never thought of as wealth.
Each article of wealth, -therefore,
iay be regarded as a quantity of po
tential eurgv which its possecso?
mav at will transform into actual ben
eficial service for himself,
(To be continued.)
Send
Say- "
- And I'll Send It
Help
EADACIIE
re
At H drug ctorcs. 25 Doses 25c.
No money is wanted jnst a' postaL
Tell me the book you need. ' &
I will mail you an order good at
any drug store for six bottles Dr.
Shoop's Restorative. 'You make take
it a month on trial. If it succeeds, the
cost is $"..50. If it fails, I will pay
the druggist myself and your mere
word shall decide it.
Don't think I can't cur 3 because oth
ers have failed. I have a way tha no
other man knows. Let the remedy it
self convince you.
At least you know this: If I failed
very often the offer would ruin me.
No sick one need pay, if he cannot
pay gladly; yet 39 out of each 40 pay.
If you need help, don't wrong
yourself by waiting. My way is al
most sure. It will certainly cure any;
case that is curable.
I have spent a lifetime in learning
how to strengthen weak inside nerves.
My Restorative brings back that pow
er which alone operates the vitai or
gans. I treat a weak organ as I would!
ar weak engine, by giving it the power
to act. My way always succeeds, save
when a cause like cancer makes a cure
impossible. And most of these chron
ic diseases cannot be cured without it.
You'll know this when you read my;
book.
TOO! KO. 1 ON ItTSraMM,
ECCK NO. t ON THE HEART.
J.OOK KO. ON THK KIUMYf.
FCOK NO. 4 FOR WOMEN.
LOOK NO. I- FOR Mill. (1L)
COOK NO. ON AHEUM AT1BM
Simply state which
book you want, and
address Dr. Stioop,
Eox 940 Eucine, Wi.
Alid cases, net chronic, are often cared by
one or t wo bottles. At all druggists.
NEBRASKA HORTICULTURE
Annual Meeting of the State' Society, Lin
coln, January 13 to 15, 1903
The annual meeting of the Nebras
ka state horticultural society will be
held at Lincoln, January 13 to 15,
1903. Program is as follows:
Tuesday, Jan. 13, 10 a. m.
Renewing acquaintances and plac-
ing fruit on tables.
2 p. m. - 4
Address Chancellor Andrews.
Response President.
Diseases of the Apple Tree and
Fruit Geo. F. Miles, Lincoln.
Picking and Marketing Apples- E.
F. Stephens, Crete. , - . -
Past, Present and Future; of the
Horticulture in Nebraska W. G.
Swan, Tecumseh.
Horticultural Instruction in the
School of Agriculture: R. A. Emerson,
Lincoln.
Strawberries O. T. Little, Lincoln,
Secretary's report.
Treasurer's report.
Wednesday, Jan. 14, 9 a. m.
Soil Culture H. W. Campbell, Hol
drege. Address Prof. F. W. Taylor, St
Louis.
Home Gardening J. H. Bath, Oma
ha. Reports from fruit districts.
Reports from experimental sta
tions: Arlington G. A. Marshall.
Chambers J. L. Coppoc.
Minden G. A. Strand.
Purdum T. C. rapkson.
Sandoz Jules Sandoz.
York C. S. Harrison.
Valentine C. M. Van Meter.
11 a. m., election of officers. '
2 p. m.
Commercial Fruit Growing Will
iam M. Birnes, Topeka, Kas.
Preliminary Paper on Diseases of
Grapes in Nebraska C. E. Bessey,
Lincoln.
The Fruit Exhibit at the Gran.l
Army Meeting at Washington Capt.
J. T. Culver, Milford.
Diseases of Forest Trees G. JW.
Edeerton, R. A. McNown. ;
Report of premiums onjruit.
Thursday, Jan. 15. 9. al' ra.
The Composition of Arsenical In
secticides now on Sale in Nebraska
S. Averv, Lincoln.
The Evolution of the Plum E. D.
Cowles, Vermillion, S. D.
Diseases of Peach, Plum and Cherry
Trees and Fruits T. J. Pritchard,
Lincoln.
Address Lawrence Bruner.
The Commercial Side of Horticul
ture G. S. Christy. Johnson.
Our Peaches L. M. Russell, Lincoln.
The Best Advice for Tree Planters
G. A. Marshall, Arlington.
On the 2nd day of January, 1903, the
trusts paid in New York dividend
smo"ntiug to $31,326,134 the railroads
$8.377.f48, the traction, teleeraph and
similar companies $10,110,138. Other
dividend-paying corporations will
bring the amount up to $138,936,356.
It will be seen that this is indeed an
era of prosperity for trusts, railroads
and corporations generally.
