FEBRUARY 26, 1903.
THE-NEBRASKA INDEPENDENT.
11
"HONEST MONEY" -
, A subscriber living at Ft Scott,
'Kas., sends The Independent a clip
ping from the Commercial Chronicle,
with this comment: ''From an 'hon
est money." organ, the Commercial
Chronicle. Their indorsement of ihis
scheme is paid for at so much a line
no doubti
The scheme. Is simply the "co-operative
plan of racing and bookmak
ing." ."There is no denying the fact,"
says the "honest money" Commercial
Chronicle, . "that most every human
being of " the present day is imbued
with an ardent desire to make money.
As a matter of fact, provident per-,
sons have been for years putting their
savings away ; in savings, banks and
eagerly ' awaiting the computation and
compounding, of the little three per
cetit annual 'interest in order fnat
their principal might grow," if evn
only the least bit." . . . There is a vast
difference, to the saveror investor be
tween three per cent a year, , or even,
six per cent on what are 'called high
class investments! and three per cent
a week, or 156 per cent a year. For
that rea?on that form' of investment
exemplified in the .work pf co-operative
bop'Tmaking and racing stables
is assuming a degree ' of popularity,
that may be termed truly remarkable.
... An idea of what this rate of in
terest will do. may be judged from the
fact that duringthe year 1902 the firm
(A. Demarest & Co.) paid out to their
clients $250 on every $100 invested
with them, or an average of 4 4-5 per
cent' per week."
This - is; one -of the papers" that
fiowled so vigorously against the free
coinage 'of ; silver.1 It stood for "hon
est money.". It opposed "repudiation."
I ' feughed' scornfully at the idea of
fiat, and settled the whole matter by
a wave of the hand and the remark,
"You -can't?" make something out of
nothing." Yet here is this organ of
"honest money" giving editorial sanc
tion to a three-per cent-a-week scheme
not half so plausible as the great
American game of draw poker.
One by one the organs and dvo- il
ca,tes of "sound,, stable, honest : raon
ev" show the cloven foot. The "Hon
orable Peter Jansen, of Jansen, Neb.,
fairly wept because some of his fel
low citizens should for a moment think
of paying , their debts in "fifty-cent"
dollars; his pleas for "honest" money
were heart-rending. But the Honor
able Peter himself was "imbued with
an ardent desire to make money" and
he- "invested" in many, thousands of
t ,'shels of grain, giving his promis
sory note in which his sacred honor
was pledged to pay unto John Doe or
order a large number of life-sized"
honest" dollars.
B'it "that form of investment ex
emplified in the work of co-operative"
grain buying. and selling failed to re
turn 156 per cent a year,, and the
Honorable Peter was called upon to
redeem his "note in current money of
the merchant. Did he dig up the yellow-boys
and make good? Not that
you could notice it. Nay, nay, Pau
line. He resisted legal process on the
gronnds O. ye gods, think of it!
that it was "a gambling contract" and
unenforceable. He was so "honest"
that he scorned to think of "fifty-cent"
dollars he preferred to pav in "no
cont" dollars. And the Honorable
Peter is merely a type of the whole
brood of "honest money" advocates.
DEFINITION
Mr. Van Vorhis' criticism in another
column calls to mind Locke's asser
tion, made over 200 years ago, that
disputations are traceable chiefly to
failure of disputants to connect with
a common term the same idea; while
both suppose they are talking about
one thing, they are really discussing
different topics.
Henry George points out that while
"in other studies most of the words
used as terms are peculiar to that
study . . yet . . . the terms used in
political economy are not words re
served to it" And he attempt to give
precise meanings to "such terms as
wealth, value, capital, land, labor,
rent, interest, wages, money, and so
on." And his precision leads him to
say:- "In speaking of money, in this
connection, I am. of course, speaking
of coin, for although paper money
may perform all the functions of coin
it is not wealth, and cannot therefore
be capital." Strange precision! -Given
one man with 5,000 twenty-dollar gold
pieces to be devoted to production, and
be has capital. Given another with
5,000 twenty-dollar United States
notes to be similarly devoted, and he
has no capital!
Excellent as is the advice of Mr.
Van Vorhis, that "we ought to use our
words as they are generally used in
the best literature," it involves an ex
planation as to what is the "best lit
erature." Perhaps, after all, the de
sired thing is to have ideas and ex
press them in "language that "will be
understood by the average reader."
Clear ideas are usually expressed in
clear-cut language hazy ideas in am-
biguous or muddled sentences.
The effort to relieve a word of an
unnecessary load Is certainly laudable,
especially if there is another word
that serves the purpose and is not
itself so burdened. Does the term
"value in use" differ appreciably from
"utility?",. If not, is not the latter a
better term? If language is an evolu
tion, have not all of us, to the extent
of our abilities, something to do with
shaping its future growth? " -;
: "Vv 4le , Wq . shall doubtless always
speak of a "wealth of, nut-brown
hair,'.', fl ".value" highly our friend's
good Wishes, laugh at a "capital" joke,
"pay','; back, an insult with "interest,"
and rcgartt eternal vigilance as the
"price" ; of liberty, yet there is no
'doubt ' that J considerable progress has
been made tin our use of these terms
in Jpolltiljpconomy. It, is not so
(difficulty to understand that the in
crease ; of "an individual's "wealth''
need not iMl-e an increase in the na
tion's VtoMth." That the "value" of
potatoes ,'c(iuld fall without affecting
(their 'lain iky." That the "price" of
silver could fall and its "value" rise.
-D. l '
; ! two policies'
There isj fts! much difference between
;tbe ",polic9" of the socialist and
populist parties as between their prin
ciples. For instance, the populists
believe as 'the supreme court once ex
pressed Jt that "money is a printed
legal decree" and not a metal or any
totfcer substance. But they are willing
to get such reform as they can and
therefore Supported bimetallism be
cause they; conceived that to be better
than gold tnbnometallism. The policy
of the socialists is to have everything
demanded or nothing. The populists
think : that 'half a loaf is better than
no bread at all. The socialists hailed
the formation of trusts with delight
as they . thought things would "wax
worse and Hvorse" until there would
be a revolution that would set every
thing right all at once. The populists
fought the trusts with all thejr might
They believed that mankind advanced
by single steps and not by cataclys
ims. Populists will aid every move-;
ment that has a tendency to make bet
ter conditions for the workers. They
don't believe in making things worse
and then Inaugurating a revolution.
They believe ' in evolution and have
no ; sympathy for resolutions in the
economic wptld. Following this pol
icy they rejoice at the success it is
everywhere! fattimng . -
The Independent advised its readers
that the indictment of the local coal
trust in Chicago was a fake affair to
quiet the people and that the rich men
.who were: members of it would neve
be jailed. . The republican state at
torney has withdrawn the main charge
and says that "the anti-trust statute
provides against the fixing or limiting
of prices, and this the retailers' organi
zation did not do. They will be tried
on the counts based on the general
law against conspiracy." If they did
not try to fix prices, whatN thing crim
inal did they do for whfclTthey can be
convicted? The republicans will be
willing to prosecute trusts with an
intent to convict about five years af
ter they have been kicked out of
office.
CAPTAINS OF INDUSTRY
There is nothing too vile and crim
inal for the trusts to undertake, from
corrupting a city council to the pur
chase of legislatures and congresses.
The moral standard has become o
low since Mammon was enthroned
and the Creator discarded, that th-s
men who do these things are exalted
as samples for the young men of the
country to pattern after. Last No
vember the people of Colorado adop'.ed
by an overwhelming vote, the follow
ing amendment to the state constitu
tion: "The general assembly shall
provide by law, and shall provide
suitable penalties for the violation
thereof, for a period of employ
ment not to exceed eight hours
within any twenty-four hours
(except in cases of emergency
where life or property is in im
mediate danger), -for persons em
ployed in underground mines or
other underground workings, blast
furnaces, ' smelters, and any ore
reduction works or other branch
of industry or labor that the gen
eral assembly may consider in
jurious or dangerous to health,
life or limb."
The legislature met with this
amendment part of the supreme law
of the state. The senate, which was
democratic, passed a law as directed in
the amendment The house, which is
republican, reported amendments that
would absolutely destroy the object
of the amendment, introduce unending
litigation from which lawyers would I
Htm sWAsstoMssssMKMSskfl
EE
Paint at Wholesale Prices
In connection with our big grocery department we carry an immense
line of absolutely pure paint. Our prices are unusually low when quality
is. taken into consideration. lis simply because we have a special arrange
ment with one of the largest paint manufacturers in the west that we're
able to quote such value in this line as you "fee here. We are out for bus
ness we mean to have it if money-saving means anything. We will pack
pecurely and deliver any of the following to your depot at prices set oppo
site each article. There's no freight to pay we attend to that. Goods
will hi shipped same day order is received.
We puarantee our paints to be absolutely the best quality obtainable
or we refund your money. Isn't this fair enough? Send us an order.
Ture Hcutfe Paint, per gallon 1.35.
standard Barn Taint, rcr gallon. .... 65
Fure W hilt I,rari, per lb 00
We guarantee the above paints with
two costs fur three years.
P oor Taint, pel gallon f.5
V spon Pant, per gallon , i.?o
Ca nrge Faint, per gallon 1 Ho
Graph te P int, per gallon 90
Sh Rle Main, per gallon 60
Woon FiUcr, per gallon, 1.25
Oil stains, per gallon i.ao
Light Hard Oil. per gallon 1,25
"U ood A IooIjoI, prr g allon 1.25
Best Grade, f Schellac. per gallon... j.ie
Hi: h Grade of Exterior Varnish per
gallon 1.60
Medium t rade of Exterior Varnish,
per gallon ; 1.45
High Gredejf Iutrrior Varnish, per (
gallon 1.60
Furniture Varnish, per gallon.,.;.. . r.5
Japan Dryer, per gallon....... ...';: . 65 -
Boiled Limeed Oil, Woodman Brand ...
per gallon ,.. 55 '
With five gallon order one new fifty '
cent oil can tree. '
Ooe 4 inch China Wall Brush all
Br;tles - 60 '
One ;nch Chiua Wall Brush all r' :
' Bristles .v.J. , 50.
One: 3 inch China Wall Brush all, ;
Bristles k 40
Ctnuine Engl'sh Venetian Red, per
round .....2l4c
Amcicnn Venetian Red, per lb.... ,. ) 'Ac
Frmch Yellow o. hre, per lb. ....... .S'ic '
Pr.nch Gray Ochre, per lb .. .. .a!4c '
Putty, per lb a.-.. .t,
Color cards free.
0
Lowest prices on colors in oil
ni
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226-a4o North 10th Street, Lincoln, Neb
Wo have used a quantity of ihe above paint9. They are best quality ,"
and we recommend them to our readers. The Independent.
EAPMEDC
1 nilltIL.HU
GROCERY
ItMDIMy
35
BIRD'S-EYE VIEW OF CRESCENT POULTRY FARM.
Largest farm in the country exclusively devoted to br;eding pure bVcd .
poultry. Frank Foy, Proprietor, Des Moines, Iowa.
Mr. Foy, whose advertisement appears elsewhere" in this issue, has just
issued a new book on poultry. It is a handsome book of G8 pages, C4x8 inches .
in size, which probably gives more reliable information about the poultry
business, drawn from actual experience, than any book of the kind published. .
It contains over forty illustrations and tells all about raising poultry for
profit, feeding for eggs, plans for houses, raiding broilers, artificial incubation
and all about the famous CRESCENT POULTRY FARM its immense '
stock of poultry, buildings, yards and manner of breeding 20 varieties of pure
bred poultry. We would advL-e our readers, if interested in poultry or con
templating buying stock or eggs, to send for this valuable book. Mailed to
any address for four cents in stamps. Address Frank Foy, Box 32, Des
Moines, Iowa.
profit and make the laborers, if it
was to be enforced at all, go to the
expense of introducing suits in tee
districts courts wherever the em
ployers refused to introduce the eight
hour system. The boodle of the
smelter trust was sufficient to annul
a part of the constitution of the state
of Colorado. In the better days of
the republic, men who were guilty of
such crimes would have been driven
from decent society by the universal
scorn of the public. In these daf3,
however, the magnates of the smelter
trust will receive the highest consid
eration wherever they go, will be ad
mitted to the communion of the
Christian churches and called "Cap
tains of Industry."
Some of the ministers are very in
dignant over the fact, recently made
public, that a Philadelphia firm is en
gaged in filling a large order for idols
to go to the Asiatic countries. But
is that as bad as devastating whole
provinces, making a howling wilder
ness of thousands of square miles of
territory, torturing men because they
would not betray their fellow coun
trymen, murdering a Christian priest
and bringing suffering and death to
8.000,000 of people? When these
things were done, these ministers had
no protest to make. Neither did they
protest against the British plan of
forcing the opium trade upon China,
causing the death of hundreds of
thousands. To The Independent it
seems that the selling of idols to the
heathen is but a peccadillo to the
crimes against which the leaders of
the church have only in a few in
stances protested.
RfinKKFFPINfi "ffieJt tor private ee
pUUCCrinO counts and ordinary ns
tancht with plain examples and illustrations,
and other bnsiness information for reference,
given inTHIi HAMDV fuiKET ACCOUNT
HOOK. 6i4 in., 32 eagi printed, 64 blank for ac
counts. Firmlv, nicely bound. I'ocket and flap.
We postpaid, U I . O. or 2c stamps. Agents wanted.
Address F. O. Johnson, f nb., Marion, Iowa.
AGENTS WANTED NO EXPERIENCE NE
cessary, to take orders for a new educational chart'
anew conization plan which will net you $ a day
commltslons are Xiifr per cent; express and freight
charps paid; actie workers send 75c for a sample
ontflt, which will be returned to jrou upon receipt of
your first sto order. Address gents' department, 208
Honeer frees bnlldlBif. tU fsui, Minn.
AMENDMENT TO ARTICLES OF INCOR
PORATION Notice is hereby given, that there has been
filed in the office ofthe County Clerk of Lan
caster County, Nebraska, an amendment to the
articles of rnccrp- ration of the Farmers Union
Ditch Company, whose original articles of incor
poration have been hitherto fied in the counties
of Buffalo and Dawson, Nebraska, which amend
ment was adopted at a meeting o( the stock
holders of the said corrir any, held at the office of
th"c Company at Kearney, Pebraska on Febru
ary i8th, 1902, and is as follow? : Article II. The
principal place of bubiness of this corporation
shall be the city of I.incoln, in the County of
Lancaster and State of Nebraska.
HENRY E. LEWIS,
Secretary.
Notice of Kpocfal Meeting
Notice is hereby given that a special meeting
of the stockholders of the National Manufac
turing Company, a manufacturing corporation
organized undor the laws of the state of Nebras
ka doing business at 1 .Uto 1534 N street in tha
eity of Lincoln. Lancaster connty, Nebraska, is
is called to meet at the office of said maaufae
tnring corporation at 6 p. m. Monday, March
16th, 1903, for the purpose of electing a board of
directors for the ensuing year,
J. H. RINO,
Dated February 11, 1903 President,
a M. RING,
Secretary.
Pure Bred Seed Corn in the Ear.
Leroy Romines, Box t33, Martinsville, Hi.