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THE NEBRASKA INDEPENDENT
FEBRUARY 19, 1903.
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HOTT TO HEAD Till INDEPENDENT
Old subscribers of The Independent
have been educated to know that Its
expressions of opinion . on political
and economic subjects are to be found
principally in three places' in the pa
per; (a) "In editorials and editorial
paragraphs followed by this sort of
a dash:
(b) Occasionally under the head of
"News' of the Week," in commenting
upon some recent . happening, the
paragraphs under k this head being
separated by a gem dash, thus:
and; (c) The' editor's reply to a
published communication from some
subscriber, following the contributor's
signature, thus:
... "( . . . Ed. Ind.)"
All matter appearing in the paper
over the signature of any person, both
as to matter of fact and as to mat
ter of opinion, is the statement of
that person, given for what it is worth.
The reader must be his own judge
of its merits. The Independent real
izes that there are "many men of
many minds," and believes that an
interchange of opinions is good. No
man has a monopoly of the truth, and
it would be hard to find a man whose
opinions have no element of truth in
them. One may start with correct
premises and be faulty in his rea
soning; another may reason cqrrect
ly, yet start wrong..
Outside of signed communications,
quotations from other papers,' and, of
course, the advertising, everything
else in The Independent expresses the
views of the editor or his associate,
both of whom aim to educate along
the lines laid down in the national
platforms of the people's party. With
these hints in mind, there need be no
difficulty in reading The Independent
- understanding.
YFESTKKN HANKERS
. Some of these , days . the western
bankers will wake up and find them
selves bound hand and foot by Wall
street. They have made themselves
a tail to the Wall street kite for. the ,
last twenty-five years and now the.
" New York bankers want their, bush,
,ness and to place them in a condi
tion of serfs to great syndicates To
" accomplish this the Wall street sharks
firsts got up the scheme of branch
banks. ' Then for the first time west-'
era bankers mustered courage enough
to protest. The Independent now as1-s
""' the attention of western hankers o
sections 9, 10, and 11 of the present
Fowler bill, which are as follows:
Sec. . 9. That the bank notes
taken out for issue in accordance
with the provision Of this act
shall be redeemed on demand in
gold coin over the counter of the
bank issuing them, and if said
bank is located outside of one of
the redemption cities, hereinafter '
established, it shall then select
a national bank as its agent in a
redemption city, subject to the ap
proval of the comptroller of the -currency,
..which shall, upon de
mand, redeem said notes in said
gold coin.
Sec. 10. That for the purposes
of this act New York, Chicago, and
San Francisco f shall be redemp-
tion cities, and all the , national
- banks redeeming their notes at
any: one of these cities shall con
stitute a redemption district, and ;
the New York redemption district
Shall be known as redemption disr
trict No. 1, the Chicago redempr
tion district as redemption dis-.
trict No. 2 and the San Francisco
redemption district as redemption
district No. 3.
Sec. 11. That if any national
bank shall receive such circulat
ing notes of any other national
bank, located outside of its own
district, it shall not pay them out
over its own counter, but shall
forward them either to some bank
in the district to which the notes
belong or. to some bank located in
the redemption city of its own
district,- and then they shall be re
turned to the bank issuing them,
or to some bank in the district to
. which the bank issuing them be
longs. Let the western banker study those
sections for a while and see what the
effect will -be when they are enacted
into law. These western bankers all
have to keep considerable sums 6f
mcmeyt ' in New York all, t the year
round.' ( Whenever this syndicate of
Ne'wYpk; banks" want to j give the
western banks an object lesson, they
can , easily gather these notes and
send them west for redemption and
take every dollar of gold the western
bankers havev in their vaults New
York has to furnish the gold for that
city's importers, and this little nig
ger in the wood pile is put there for
the purpose of making the western
bankers furnish it New York will
always be willing to sell, it to them
at a good round premium and' ,then
draw it back on their own notes.
These new "asset" notes are not ' a
national, but a sectional currency, and
for that purpose the country Is di
vided in three . sections. There are
several more peculiar things ' about,
those ' three , sections. . , ;
: No sooner is one of these, fake con-.
cerns that agree to pay from two to
four per cent a week for money brok-.
en up than another takes its place.
The last which has been doing a
flourishing business is Arnold & Co..
of St Louis. It is strange that ordi
nary, sane people will put their mon
ey in such concerns. This mode of
swindling was started about '20 yearg
ago by what was called a Women's
Bank in Boston and it has been go
ing on ever since. It is said that the
concern in St Louis has thousands of
customers scattered all over the Un
ion. The number of fools in' this
world still remains very large. '
The trusts have pushed prices of
material, up to such an exorbitant
point that many of the railroads have
ordered work on extensions and bet
terments stopped, among them the
Milwaukee & Alton. The trusts, like
the railroads, can take all the traffic
will bear, but they can't take anv
more. There is an inflexible law of
counterbalance in the economi6
world. If prices rise, wages must
rise. When wages and prices both
rise the cost of. improvements is so
great that it means bankruptcy to go
on with them.
It, is certainly an , undisputed fact
that the, workers of the world are
never more than a few months from
starvation. Let the crops fail in any
country. and in a very short time
there is sufferingstarvation and death
among thousands, although there may
be plenty of food not far distant from
them, - Such is the case in Finland
today. It-is always, the case every
where, even in tropical -regions like
India and in the tejnperate zone as
well. The workers have never ac
cumulated enough ahead to last more
than a few months at best When
such facts as these are taken into
consideration, the doctrine of the so
cialists concerning overproduction
seems criminal. Practically all that
is produced is consumed every year
and nothing i3 'reserved for the fu
ture. If twice as much were pro
duced, still but lWtle would remain
over, for consumption would be -much
greater.
The provisions of the Elkins bill
aw just what the railroads have been,
asking for for years, that is, that the
sections of the law making imprison
ment one of the penalties should be
repealed. 1 Every one about Washing-x
ton knows of the efforts that have
been made in that direction. Now thi
Elkius bill is paraded before the peo5
pie as a great "trust buster." The"
publicity feature of the law is insf- as
great a farce. The publicity, after a
new department has been created . to
get the facts, is to be at. the discretion
of the president.- Unless he orders
the fads to be given to the public,
then no "publicity" takes place. If
the people' can be fooled by such
makeshifts, then they deserve to be
robbed by the trust for all time to
come.
Every time the edilor of The Inde
pendent thinks of the rot that has
passed for political economy in the
political discussions of the last few
years he gets hot. The old argu
ment that supply and demand fixed
the price of everything regardless of
the amount of money in circulation,
was the worst rot- of all. The sta
tistics recently published are to the
effect that there has been a large
increase in hogs and cattle during the
last year, that is, the supply has in
creased and there is no greater de
mand, for the meat-eatfng population
is practically the same. If demand
and supply fixed the price, then the
price oueht to have fallen, but no
such thing hannened. 1
Every dav in the financial columns
of the dailies an item varying very
sliehtly in the figures like the fo1
lowing annears: "Today's statement
of the treasury balances in the gen
eral fund, exclusive of the $150,000,
000 gold 'reserve in the divisioirof re
deinptipn, shows: Available cash
balance,. $223,051,578; gold. $101
599,9()1.M. It is a false statement, and
I A VIS HOR
SES
Are staiatioai to hit borers, bit low price are "warm propotitlone" to bit coapetitorj. leme
will fhaw jeu MORS stallions of big size, Quality aad flnisfivtaaa ALL IMPORTERS
IN NEBS AKKA, -aad homes yoa will wish to bay or pay yoar fare to see biia-yoa the Jodce. tf
yen will pay cash or gije bankable note, yoa will sere bay a stallion ef I AM 3. Ia October, 19E,
he imported 63 black and bay stallions, tbey cannot be da plica ted ia any importing bams in the
United States for the number, for bis size, quality, finish, royal breediag and bargain price.
xney are an
TOP NOTCH ERS.
- Visitors and buyers throng bis barns and say: Hello, Bill 1 I'm from Illinois; Im Ikey
from Uissonri; lams has the good ones: be shows as horses batter than he adrertises. See that
1,900-lb 2-yen r-old, "a hammer," I bonght him at 11,200. Couldn't duplicate him ia Illinois, Ohio,
or Iowa at $2,000. See that.2.15Q-lb 3-year-old, a "ripper". Bay, Ikey ! see those six black 2.SW-lb
4-year-olds he is showing to those Ohio men. They are the BEST I EVER SAW. Say. bOy s I look
at this 5,J00-lb pair of beauties; they are worth going from Maine to California to see (better
than the pictures1. Sayr Ikey, you eonldn't o wrong here. Tbey are all "crackerjaeks . If yoa
open your mouth and your poeketbooks, you will do business, lams seiis them. Bo has a hia4
imported and home bred,
117 BLACK PERCHERONS, BELGIANS & COACHERS117
2 to 6 years old, weight 1,600 to 2,500 lbs., ail approved and stamped by the European govern
stent. 95 per cent BLACKS, 50 per eeut TON HORSES. lams speaks French and German, buys
direct from the breeders. PAYS NO INTERPRETERS. NO BUYERS, NO SALESMEN. HA
NO TWO TO TEN MEN AS PARTNERS TO SHAKE PROFITS WITH ; his buyers get middle
man's profits. These six facts and his 21 years of successful business at St. Paul makes him sell
first class stallions at fifty cents on the dollar, and eaves his buyers $500 to $1.0j0 on eaeh stallion.
FARMERS: Form your own stock company, why pay slick salesmen $2,500 to $3,000 for third
rate stallion whtm you can buy a better one of lams at $1,000 or $1,700. First class stallions are
NEVER PEDDLED to be sold. IT COSTS tSJO TO 11,000 TO HAVE A COMPANY FORMED
BY SALESMAN : IAMS pays horses' freight and his buyers' tare. Write for finest horse cata
logue in United States, snowing 40 illustrations of his horses. It is an eyeopener. References,
St. Paul Stat bank, First State bank and Citizens' National bank. Barns in town.
FRANK
ST. PAUL, Howard Co., Neb.
u km
I S H w H "ana
0
On U. P. and B. A. M. Rys.
SHIRES, PERCHERONS,
BELGIANS.
Head to select from all im
ported by us and guaranteed.
$itooo buys a good one from us this fall.
cornpetition by gelling more" quality for less money than the small importers can
pogsibly do. We do not advertise 100 and only have20,vbut have just what we
claim. 60 good ones now on hand. Barns just across from B. & M. depot. On
September 9 we landed 40 head, which is our 34th import
60
60
We down all
Watson, Woods Bros. & Kellay Co.,
Lincoln, Neb.
KSEE5KZ2S2
WHERE
IS
LAHR?
AT 1032 O STREET.
..LAHR'S..
STOVES and HARDWARE
Will be Pleased to See All His Customers at
1032 O STREET.
because it is published by govern
ment authority don't alter the case a
particle. The available cash balance ia
about $60,000,000 and the rest of it is
deposited in the national banks and
ii an attempt were made to draw it
out it could not be got, or if it could,
there would be such a crash that the
affair of '93 would appear like glor
ious prosperity in comparison with it.
A Nebraska judge in an address be
fore a lot of lawyers commented on
how frequently of late years the
phrase, "d n the law,""' was heard
among the people. The fact is that
the people have no respect for the
law at all, or the judges either for
that matter. They accept and obey
the decisions of the courts because,
under the circumstances, that is the
only way to carry on the govern
ment, but as for any respect for the
law, the judges made that impossible
long ago.
There is a considerable uproar in
England over a fact recently discov
ered. It appears that generals and
colonels in the British army have
been in the habit of having subaltern
officers severely flogged for violation
of military etiquette. What sort of
men these captains and lieutenants
are may be judged from the fact that
they submitted to these floggings on
the bare back, until the blood ran
down to their heels. We would like
to see the man who would undertake
to flog an officer of the United States
army.
Some years ago a bill was intro
duced into congress to pension the
ex-slaves. A lot of black scoundrels
took advantage of it to make for
tunes for themselves. They organ
ized societies among the ignorant ne
groes who contributed so much each
month to pay the expenses of pushing
the bill through. Finally the scandal
grew to such proportions that it was
denounced in the senate and the de
nunciation was published in all the
papers. Senator Hnnna by a rein
troduction of the bill will start up
the old swindle. Senator Hanna will
care nothing for that, so he gains a
few votes himself in the republican
national ,. convention. ,
IDAHO
IRRIGATED
Good climate, healthy location,
rich and productive lands, abun
dant water from the famous
Snake River, never failing sup
ply; good crops always assured;
you govern your own moisture;
no cyclones; no hail storms; ho
rains to prevent gathering of
crops; more sunshine in the
year than any other state in
the union. Land with good wa
ter rights for sale at from $10
to $15 per acre; .one-third cash
balance in six annual payments
at 7 per cent interest Address,
n
lii P ATRIE
i Market Lake
f
Idaho.
m
Cancers Cured;
why suffer
H from cancer? Dr. T. O'Connor
cures cancers, tumors and wens;
no knife, blood or plaster. Address
130G O St., Lincoln, Nebraska.
Do You If ant a
Genuine Bargain
Hundred! of Upright Pianoi
returned from rontlnr In bm
dispcxed of t once. They include Stoinwayi, Knabei, Flicker,
Sterling ud other well known make. Kan; einnot be die-
inguiihed from new
gret diaeouut.
H tlOO. A I jo bean
rights at 12a,tl35,
Initrnment at 1290,
I (00 pianoi. Monthly payraeute
15. Writo fat lilt and particular!. You aiake a great laving,
fikDO warranted h represented. Illustrated fiano Book Pre.
ret all are offered at
Upright! ai low
tiful Hfiv Up.
!50and$IGS. Anna
fully equal to many
epWd. Freight only aboul
LYON & HEILY
IOO Adams St. CHICAGO. -World'!
largetl ganiii bout; eelU iTirvtUing known Q
fa
S '.S ! .