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About The independent. (Lincoln, Neb.) 1902-1907 | View Entire Issue (Feb. 19, 1903)
FEBRUARY 19, 1903.
will see you. It must be stopped."
(Signed) JOHN D. ROCKEFELLER.
The president himself first made
public the fact that'the telegrams had
- Deen received. - No senator told it
"Every senator.', says the New York
World, "has denied point blank that
he has, except Senator Hale, who" re-
- fuses to be questioned on the matter."
Thorough investigations made by
The World bear out the president.
"There i a good foundation for the be
lief that Rockefeller did send tele-
grams to certain senators." But why?
Not for the purpose which appears on
.the face of the telegrams. Standard
Oil senators do not need to be in
structed by telegraph. They know the
pathy or some equally occult method.
.Then why? Simply for the ostensible
purpose of placing these senatorsMn
an embarrassing light and compelling
them to'-dojvhat they want to do any
way to vote for an anti-trust bill
which is so only in name:
The president will be creJited with
wonderful sagacity in finding out that
these senators are being cosreed by
the Standard Oil monopoly; the sena
tors will, with apparent reluctance,
vote for the Nelson amendment; and
the Standard Oil magnates will pout.
Bv.t behind the scenes the whole bunch
will laugh heartily at the shrewd way
in which they give a stone . when
breed is asked, and the fcols who re
ceive it actually think it digestible.
. What will be the final development
of the insurance business iu the
United States is a subject for serious
study. The drain on Nebraska alone,
year after year, in the way of prem
iums paid to insurance companies of
other states in excess of the amount
which comes back in payment of
-ivnoes, amuuiiis 10 practically two
"million dollars a "year.
A great howl goes' up because the
constitutional limit," but no one seems
to care because the ' rtAnnfo ' nt 'vi'Krao.
. v - w.v, v. A 1 V Uit-tO
Ka annually make, a present to east
" ern and foreign insurance companies
of enough to wipe out that debt. Leav
ing out of the calculation mutual com
panies, the following figures represent
the insurance waste in Nebraska;
PREMIUMS PAID 1900.
Fire insurance. . . . ?1.5S3,600.20
Fidelity, etc......'........ 211,4f5.24
Regular life l,r.61, 720.23
Stipulated prem. life 37.242.21
Total premiums paid. . .$3,4S0.74i3.90
Fire insurance. $ 849,335.63
Stiuplaled . .
Total losses incurred.
Net loss to Nebraska..,
Every man, woman and child in
Nebraska in 1900, on the average,
contributed rather more than $1.90
for the privilege (?) of permitting cor
porations outside the state to col
lect and pay back to unfortunate los
ers by fire, death, and rascality some
thing less than $1.50 per capita. When
an attorney charges 50 per cent for
collecting a debt, his client feels that
he is being robbed unless the debt
was a very bad one. In round num
bers, of every $3.50 collected in prem
iums and sent outside the state, $1.50
is paid back and $2.00 stays in the
east to help swell the fund for Wall
Much of the money comes back for
investment here in the way of farm
and city mortgages, so that the spec
tacle is produced of giving money to
the east, then borrowing it bade and
paying interest on it. This is fully
as good financiering as when Joe
Bartley bought Judge Norval's salary
warrant, paid the face of it, registered
It in Norval's name, and later paid
What's the remedy? State insur
ance eventually. At present some re-
. The bill was so amended that the
bonds " of cities of flf ty thousand in
habitants could be used to get - this j
money from the treasury without in
terest, but only national bankers are
to have that privilege. Of course that
bill will go, through. The republican
party is. in such a 'fix that it dare not
refase. any demand that, the national
bankers make, ;- AH the profits of this
trick will go to a favored few. The
little western bankers will have.no
share in it. ;
; No sooner is one of these fake con
cerns that agree to pay from two to
lour 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 years
ago by what was called a Women's
Bank in Boston and it has been go
ing on ever since. It is said that tb5
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.
A SIAMESE CONDITION
Readers of The Independent
doubtless recollect some quotations in
our issue of December 17, 1902, under
the caption of "A Siamese Condition,"
relative to the proposed merger of
the Prudential Insurance company
with the Fidelity "Trust company. At
that time the Insurance Press (N. Y.)
was doing all it could to influence pub
lic opinion in favor of the "Siamese
condition" contemplated by the Dry
de,n plan. In other words a little
trust company owned by the men who
manage the Prudential should swallow
the insurance company. But the courts
said. Nay. However, the courts could
not prevent another phase of the
"Shrrre condition" which applies to
the Prudential its president, John N.
Dryden, is United State? senator from
The "Siamese condition" existing
between the New York Life Insurance
company and the house of J. Pier
pont Morgan & Co. is well depicted
elsewhere in this paper undr the
heading, "Why He Wanted Him."
The New York Life, with its more
lief can be had by patronizing Nebras- J
ka companies and associations. It
will at least be better to give' the" two i
millions a year to Nebraska insur
ance men and keep the money at
home, than to send it.abroad.
MORE It A N R. FAVORS "
It. would seem to the ordinary man
that the national .banks had received
special privileges - and other favors
enough, but their greed is never sat
isfied. They now have $150,000,000 of
government money without interest
and they are to be given the privilege
of getting more, when any more i3
to be got from the treasury, on city
bonds as collateral. Besides that, the
depositors' money Is to be pledged for
further security. What right has the
government to make depositors - re
sponsible for the money that the sec
retary hands over to the banks? If
that is not the violation of contracts
there never was such a thing.
The senate committee on finance au
thorized a favorable report on the
Aldrich bill to permit the secretary
of the treasury to loan money to na
tional banks on other securities than
government bonds and agreed to re
port it with the following amendment
to section 1:
-The United States shall have a m
. lien on all assets of banks in
which public moneys are deposited
from time of deposit, for the re
payment of the same on demind
of the treasurer of the United
States; but the securities deposited
with the secretary of the treasury
for the safe keeping of such mon
eys shall be sold before the said
lien is enforced and the proceeds
applied to the discharge of said ,
lien to the extent of the proceeds
of the sale. ' .
j n m II ii jmi iiijwniig. mi ii
. All Winter Clotbincr must
be sold. Send in your order for anything you need now and you
will save 25 to 50 cents on every dollar. Send size and State JliSt
what is Wanted, goods will be sent subject to your approval
and your money refunded if not satisfactory.
Send your mail orders now. - . .
900 Pairs of Pants to bo Closed oat at $1.00
These pants are wall
made, in array clocks
and miztores.in strict
ly all wool
Closing saia price, v
750 Pairs run's Old
Salt Punts to b Closed
Out at $1 50.
Tbese pacta ar loft
from onr $12.50 and
J15.00 snits, whre
coats and Tests have
rmoa soki snparsts:
they are all in the lat
est styles and fabrics
worsteds end black
ciar . worsteds, none
worth 1ms tha
closing; out sale
i. none fcUV-WS
A GENniNR ALL
SUIT of theTery best
quality, in brown nnd
oxford a-rajr, ii ronnd
or square cut nck
stylos, single or Rouble-breasted,
lars, stouts, slims and
extra sixes, ail Hood
with fine Italian cloth
and handsomely finished ;
$12.50; sal. price. JS.75.
worth Bp to
- TO CLOSE OUT.AT $10.00 we offer orer
tO difJereot patterns to select from. Tn
best styles and colors iu fane elieriota,
worsteds, serges, fsney worsteds and oufln
lfhed worsteds, in Broth plaids, brown mix
tures, plain colors and stripes, all lined with
the finest serge linings and well tailored
throughout, worth up to $18.00; an astonish
ing Talus at only $ 0.00. " '
MEN' OVERCOATS AT $.1-Qennine
all Wool Mellon Overcoats of the best qua I
ity, in brown and oxford gray; medium and
full lengths, sizes 14 to 50; all In d wih a
fine Italian cloth body lining; bekt Skinner
satin alecTe lining and well tailored through
out, none of these Overcoats worth less than
jiC.CO and up to $15.00; sale pried, only $3. 75.
. Overcoats to Cose Out at $10.00.
These overcoats come in kerseys, beavers,
icunae and cheviots; they com in black,
b'us, oxford gray and brown mixtures; all
fined with a fins sergo bod; lining: Skinner
satin sleeve lining and we 1 tailored
throughout; worth up to $ 18.00 j sale prisa
on: 7 $10.00. ,
WHOLESALE SUPPLY HOUSE, OMAHAf
VViibLi IVi v
" After a full, careful examination of the property
covering several days and with an intimate knowledge
of. thisvhoJeVdistrict,,-! 'will "say .that the -
reminds me of tlie Alaska Treadwell Mines. I be
lieve the "EVA" to be capable of the same proportion
ate output with possibilities of greater profits, apd have
no hesitation in making such a comparison." i
(Signed) ERNEST C. WOOD, E. M.
Dividftnd.s from the "EVA" assured before the end of this year. Write
at once for particulars and booklet E.
The A.aska Treadwsll Mines Kava Paid $4,500,000 in Dividends
Box E-1006, 112 ClarK Straet, Chicago, III. r
We buy and sell Miv.es and MiniDg Stocks. Ask for our monthly min
ing repo-t and stock list.
Caldket, Mien., 113 Fifkh St. Ddluth, 11 inn., 1C6 Talladio Bldj.
Ntr.soH, B. C. 84lmoh, Idaho. Camhobkb, B. C.
than a billion and a half dollars of
insurance in force, and its nearly
three.. hundred million dollars of pol
icy reserve liabilities, is a buyer of
securities. That these ought to be
gilt-edged goes without saying. Ev
ery policy holder in that company is
directly interested. The house of J.
P. Morgan & Co. is a manufacturer
of securities some of them good and
some of them well, time may show
them to be extremely doubtful if
Madam Confidence should get' one of
her "shy" streaks. Now, the ligament
which binds the New York Life to
the Jlouse of Morgan is none other
than George W. Perkins, who is at
once chairman of the New York Life
finance committee and junior partner
in the house of Morgan He connects
the House of Have with the House of
All hail the
The price of coal in the Indiana
fields has dropped $2 a ton and it is
expected that there will be a like
fall .in price everywhere. Hard coal
was also reduced in New York and
sells at retail there for $G.50.
((M fey t$
The date at which your sub
t scription has expired or will k
expire is printed plainly with
the address on the wrapper of jt
the paper each week. It is t .
sufficient notice to all readers
"of The Independent as to the 3
condition of their acco'.nt. Ex-
amine the date cn the wrap- j-t
per of YOUR paper. If it is &
past your subscription s, de
linquent. ' ' 1 ' '
'5 J ? S
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