10
THE NEBRASKA INDEPENDENT
MARCH 3, 1903.
. ... r ; tTFT
operatloa; and It Is probable that
now the public ownership of the rail
roads ; would not alone ; be sufficient
Independent oil companies are prac
tically all "killed off Rockefeller
owns practically all the source of sup
plythe oil lands. And it might be
necessary to have . public ownership
of the oil lands; too. If there never
had been a privately owned railroad,
it is difficult to see how the Stand
ard Oil company could have grown
so prodigiously In such a short time.
But having so grown and having
swallowed practically every competi
tor, failure to use the ounce of pre
vention doubtless now necessitates ap
plying the -full pound of cure. .
Take your choice, doctor; but re
member that republican soothing sy
rup lSjUseless. "-):- .-.. '. ;
The supreme court of Nebraska has
recently decided that a railroad is a
public" highway, but the men who
own them don't seem to agree to that
proposition. Recent occurrences go to
show that they not only think that
railroads are private property, but that
they can be operated at any time for
fhe. personal convenience and pleas
ure of the owners without any regard
at all toj carrying the mails or the
business .interests ; involved. A few
weeks ago Mrs.W. K. Vanderbilt held
a fast train on which she was trav
eling for three hours on account of a
whim that seized her, after she had
her private . car attached to it. An
other fast train was held for two and
a half hours to accommodate a son of
the president of the road who was out
on a pleasure excursion. The pluto
cratic dailies have no comment to
make on such occurrences, but if some
workingmen should delay a mall train
they would demand that they all be
sent to jail in short order and ,the
dailies would be filled with denuncia
tions of the outrage. The republican
party and their judges seem to wish to
Impress on the American people the
fact that the old order of things,
which involved equality before the
law, has passed away forever.
There are many peculiar phrases
used on the financial exchanges of the
world, which have no meaning at all
t6 the ordinary reader and writer of
the English language. A new one has
come in vogue during the last few
weeks, which this editor, though he
has been a reader of financial reports
for . years, never saw there before. ,lt
is "contangoed." It is an old Eng
lish word which for a long time has
laid undisturbed in the dictionaries,
now brought forth, again to do duty
on the stock exchanges and boards of
trade. It means a sum of money or a
percentage, paid for accommodating a
buyer in carrying an engagement to
pay money for . the speculative pur
chase of stock over to the next day.
A good deal of that sort of business
has been done on Wall street lately.
Stock has been borrowed over night
and as high as 5 per cent has been
paid for the use of it for a few hours.
They have "contangoed" on the Eng
lish stock exchange during the last
few days. Prices have been falling
there as well as in New York.
The New York "400" still continues
to degenerate. When the "monkey
dinner" was celebrated at Newport,
most people thought that the lowest
point in sillydom was reached, but
they were; mistaken. A "horse din
ner" wnere tne . norses ate snreaaea
oats out of enamelled troughs while
the monkeys who make up the 400
ate from tables strapped to pannels of
the saddles makes .the . former func
tion appear like an old maid's tea
party. But New York Is going to in
vest over $7,000,000 in church edifices
during the next two years and the
"400" are all memb-rs in good stand
ing in the various churches.
. ASHBY'S ECONOMY .
Mr. Theobald, a New Jersey Pop alUt, Crit
icises Capt. Aahby'a ''Money and the t
Taxing Power"
Editor Independent: A friend of
mite, it. the "newspaper-clipping busi
ness, has given me a few copies .of
your interesting paper, from which I
gather some valuable reading. As a
populist and (if I may say so) an
economist, I find myself unable to
agree with Mr. Ashby.. That writer,
defines value as "the quantity of the
force of demand," or the "intensity of
the force, of demand,", for a. thing; or
a " 'valued' quantity of that force of
demand which arises from the expen
diture of . energy in efforts to over
come adverse possession of those
things, under a system .which guar
antees that possession and prohibits
theuse of violence,'" or "our estima
tion of quantity of a mode "of mani
festation . of force called demand."
(January 22 'and 29.);
He correlates "demand'" with light,
heat, electricity,, etc (January. 29.) :
He defines value as "the. energy or
1AR1S PRIG
THE MAXIMUM HATE UW
There Is no particular call for
another law to enforce the maxi-
mum rate law. 'The 'maximum '
rate law Is enjoined for the time
being by the decision of the su
preme court of the United States.
The decision was based , on the
opinion of the court, after hearing
all the evidence offered that the
limited revenues of the railroads
in Nebraska would make it im
possible to execute the law with
out depriving- the owners of the
roaud of tho reasonable profits:
they were making out of the bus
iness. No supplemental act of tlie ;
legislature would brush away that
decision. If, as is claimed and
may well be the fact, the con
. dltions have so changed that the'
rates could be put in force nowf
without reducing1 the receipts of
the roads below the limit of rea
sonable profits it will be neces
sary, for the state to bring an
other action so that the court
may . try the case on Its merits!
again. Such action can probably
be brought by any local shipper"
as well as by the" state. States
Journal. ';
The object of H. R. 421 was to; di
rect! "Necessity" Prout to do some
thing and give him no excuse for , his
present neglect of duty. Certainly,
any local shipper might bring an ao
tion'to' test the maximum freight rate
law ! again but whose business is Jt
to do this? Undoubtedly it is the
business of the attorney general. ; in
behilf of the people. With railroad
net earnings almost double what they
were when the rale law was enacted,
there ' is, , reasonable ground for be
lieving that a new case, brought and
fought' In good faith, would show that
the sNeWberry bill is reasonable now,
If not .sOf nearly perfect as one might
wish.
: ftvsssa ;
': ' f PRESCRIPTIONS ' ""
: The Independent contains an
able editorial discussing John D.
Rockefeller as a dominant and
dangerous element In the affairs
of thi3 country. It relates how he
obtained and holds that power and
is increasing it as the months go '
by. ,. All ' this is calculated to in
spire and augment our fears, andt,
nothing more. What interests us
more than all else is to know
what to do with the wretch. What
process, legal or otherwise, can be "
taken to put him out? If an eh- '
einy comes down upon me when
I'm. not looking and fetters my
limbs and piles me up in a cor
ner and sits down on me, what
thanks do I owe the man who
comes along and tells me I have '
been fettered and sat down upon.
The world is looking for men who
can do more than recite and mag
nify its ills; for men who can
suggest an intelligent remedy and
give particulars concerning its ap
plication. The diagnostician with
out the dope is more aggravating
than the disease. Dr. A. L. Bix
by, in "Dally Drift," State Jour
nal. -
Well, Mrs. Winslow's Soothing Sy
rup, alias the Elkins Bill, is not the
sort of "dope" that is needed. Tho
Independent does not know the par
ticular "school" to which Dr. Bixby
belongs, but It is safe to say that he
would advice "removing the cause''
as the only ' sure cure the proper
dope. '
But what is the cause? That de
pends upon the opinion -. of the
"diagnostician." Doubtless Dr. Bix
by will affirm that God and Rockefel
ler together built up the Standard Oil
trust; hence, "removing the cause"
would be somewhat severe on at least
one of the partners. The single taxers
affirm that the cause is to be found
in the private ownership of land
the oil lands and the refinery sites;
hence, the cure Is to compel Mr.
Rockefeller to pay over to the gov
ernment the economic rent on all his
holdings. . .
The socialists say the cause is to be
found in the, private ownership of the
means of production and distribution;
hence, the cure is the collective own
ership of .Mr. Rockefeller's oil lands,
his refineries, his railroads, etc, as
well as the collective ownership of
all Other material means of produc
tion and distribution. .
The populists say that the cause is
to be found in the special privileges
(franchises, etc) which are a neces
sary feature in the private ownership
of certain lines of ' business which
ought to be publicly owned and opr
erated.- They say that the Standard
Oil, trust was built up in great meas
ure through discriminations in freight
rates accorded Mr. Rockefeller, which
enabled him to have an Immense ad
vantage in every market Their cure
would be the public ownership and
operation of the railroads.
However, some diseases, if allowed
lo run too long,- require a surgical
Are sensations to his buyers, his horses are "warm propositions" to his competitors. Tarns will,
how you MORE atallionrtrf big size, quality and finish than ALL IMPORTERS IN NEBRASKA,
and horses yon will wish to buy or pay your fare to see him yon the judge. If yoa will pay cash
or give bankable note, yoa will Mire buy a stallion of I A MS. In October, 1902, be imported 3
black and bay stallions. lama has just brought from bis farm to his sale barns 30 stallions, not -aeen
by public before. They are:
HERD HEADERS
' Visitors and buyers throng his barns aad say : Hello, Bill ! I'm from Illinois ; I'm Ikey from
Missouri; lams has the good ones; he shows us horres better than he adrertises- See that 14&0,
lb 2-year-old, "a bummer," I bought him at $1,200. Couldn't duplicate him in Illinois, Ohio, or :
Iowa at tf.COO. See that 2,150-lb 3-year-old, "a ripper." Bay, Ikey! see those six black 2,300-lb-4-year-olds
he is showing to those Ohio men. They are the BEST I EVER SAW Say boys 1'
look at this 5,100-lb pair of beauties; they are worth going from Maine to California to see (bet
ter than the picture). Say, Ikey, you couldn't go wrong here. They are ell ''craekerjaeks.'
If you open your month and your pocketbooka, yea will do business,, lams sells them. He has
on hand imported and home bred. i
80-BLACK PERCH ERONS, BELGIANS AND COACH ERS-80
2 to 6 years old, weight 1,600 to 2,500 lbs, all "approved and stamped by the European govern
ment, 95 per cent BLACKS. 50 per cent TON HORSES, lams speaks French and German, buys
direct from the breeders. PAYS NO INTERPRETERS, NO BUYERS, NO SALESMEN, HAS NO
TV.'O TO TEN MEN AS PARTNERS TO SHARE PROFITS WITH: his buyers get middlemen'. -profits.
These six facts and his 2! years of sneeessfnl business at St Panl mikM him sil first-
ciaaa ttallions at fifty centaon the dollar, and saves his bu era $500 to $1,000 on each stallion.
rAHMZ-Ks: f orm your own stock company, why pay allele salesmen f'iaOO to 13,000 for third
rate stallion when yon can buy. a better one of lams at $1,000 or $1,200. First-class stallions are '
NEVER PEDDLED to be sold. IT COSTS $800 TQ$l,0i8 TO HAVE A COMPANY POHMKD BY '
SALESMAN; IaMS pays horses' freight and his buyers' fare. Write for finest horse catalogue
in United States, showing 40 illustrations of his horses. It is an eyeopener. References, SU
Paul State bank, First State bank and Citizens' National bank. Barns in town. -
FIR AM K
ST. PAUL, HOWARD CO., NEB.
ON U. P. and B & M. RYS.
DRAFT STALLIONS,
60
SHIRES, PERCHERONS,
BEL6IANS.
Head to select from all im JJA
pdrted by, ua and guaranteed. y J
$i,ooi buys a good one from us this fall.
We
all
down
...
competitif a by setting inore quality for less money than the small importers can
possibly do. We do not advertise 100 and only have 20, but hare just what we
claim. 60 good one now on hand. Barns just across from B. & M. depot. Oo
September 9 we landed 40 head. whichia our 34th import; 1 1 v
Watson, Woods Bros. & Kelley C0af . - - - - Lincoln, Neb.
Baby Cabs,
Sleeping
Coaches,
Go-Carts,
SOLD BY MAIL
at from 20-40 per cent, less
than you can purchase from
your home dealer.
8oPage Catalogue Free.
We Guarantee Safe Delivery.
Pay the Freight.
RUDGE 1 GUENZEL COMPANY,
. Dept. 7, 1126 N St., Lincoln, Neb. '
Furniture and Hardware Catalogue Free on Request..
fl
force expended in the competitive
struggle between men, for the exclu
sive possession of things endowed
with utility, under tne operation or
laws enforcing private ownership and
exclusive possession and restraining
from violence," correlating with "force
of demand." Again that value is "a
Evaluation' of our apprehension of a
mode of manifestation of force, an
alogous to those forms which we call
gravitation, light, heat, etc."-
Next he says that value is a "form
of force, not to be measured at any
given time or place, in action;" but
that it is a force measurable "as ap
prehended, or appraised, or 'valued'
by us." (February 12.)
Further on he says thats value is
"a mental estimate of the quantity of
the force of demand acting upon . . .
things endowed with utility." (Feb
ruary 19.)
Mr. Ashby uses , the expressions
"quantity of . value" and "quantity of
valuation" as though value and val
uation were a thing, and the same
thing; and as though that thing were
susceptible of measurement, by itself;
just as heat or electrfcity may be
measured; that is t say, without ref
erence to any other thing, except the
measure. '(March 12.)
In brief, Mr. Ashby's idea of value
appears to be a quantity of demand
for things of utility; such demand be
ing a form of force. Expressed still
more briefly, value, according to Mr.
Ashby, is a quantity of force.- If we
admit these premises, -and Mr. Ashby
proves to possess any logical power,
we may be obliged to admit some very
strange conclusions. For my part, I
object to both of them. Said a re- '
nowned philosopher of a past century:
"Every truth or error which the word
value introduces intb" 'men's minds is
a social one." I refuse to accept Mr.
Ashby's definitions, because I regard '
them as erroneous and (if logically
followed up), likely to prove embar
rassing aud mischievous.
Value, according to the best writers
on the subject, is neither
a quality of a thing. It is simply "an r
amnmeuncai relation between two or
more commodities or services, 'Which .
makes its aDDearanc dnrinc tho ant-
of exchange." Such is the definition
in Del Mar's well-known "Science of
Money." It is briefly and clearly ex-'
pressed; it covers every conceivable
application of value; it is difficult to
see how It can be improved. That au-"
thor must have foreseen how likely "
the nature of value was destined to bo
misunderstood when he rnntinupi' "it
lvalue is an arithmetical relation, it.
