MARCH 9, 1803.
THE NEBRASKA INDEPENDENT
6TATJB BAN Ef
. The southern states have always
favored state banks, but they have al
ways thought that a bank must have
the power granted by law to Issue
notes to circulate as money. If they
would drop that fallacy and Insist
that the government should Issue all
money and bankers be confined to the
banking business, for issuing money
is. a function of government and not
a part of the banking business at all,
those states would be in a shape to
stop the extortion of which they com
plain. . ;-
: The state banker is under a handi
cap all the time when in competition
with a national . bank. He gets none
of the privileges that are handed out,
with such lavish hand to the national
banker and must transact . what bus
iness he gets" under these unfavorable
conditions. ' In the first place, the na-(
tional banker gets circulation which
he can loan out for the full amount
of his capital less 5 per cent as a re
demption fund and an insignificant
tax. At present,- the pet national
bankers get 1150,000,000 of govern
ment money to loan out which does
not cost them a cent. Then the press
fosters the idea that a depositor's
money has , additional security when
placed in a national bank that it does
not when placed in a state or private,
bank, which is absolutely untrue.
Many state banks are much safer de
positories than national banks. The
government in no way secures de
posits in a national bank.
State banks have long been used by
the great national banks to pull their
chestnuts out of the fire, but none of
the chestnuts are ever given to the
state banks for that service. Why
they should be always the obedient
slaves of the national banks is one of
those things that no pop can find out
If there is any set of men who should
be insistent that the government is
sue the paper money instead of the
national banks, it is the state bankers.
A GRAVE XKROR
There was a very grave error in the
editorial last week concerning the in
crease of the volume of money per
month during the last year. Perhaps
it came about because the editor was
hardly able to sit up during the whole
week on account of an attack of la
grippe or some one of the new mi
crobe diseases that the doctors have
discovered during the last few years.
It is evident that the-editor had in
mind the increase from the coinage of
silver when he said that the increase
in the circulation was more than two
and a quarter millions a month, but
he didn't say so. The actual increase
in the currency as shown by the
comptroller was $74,082,589. That is
an increase of more than six millions
a month, or, in exact figures, $6,173,
549. This shows what a reversal there
has been in the republican financial
policies since they made their, fool
campaigns in 1806 and 1900. Then
they said that the quantity of money
in circulation didn't have anything to
do with prosperity and they wanted
the coinage of two million dollars of
silver stopped, because there was too
much money. The populists and Bry
an democrats said that the country
needed an increase of at least two
million dollars a month, that busi
ness and the increase of population
made that increase a necessity. Now
the republicans have gone the pop
ulists four million better and in
creased the circulation more than six
millions a month. Then they have
the cheek to brag about it and say
that we are on the gold standard.
Banking on ignorance seems to pay.
The republicans i"n this country
and the tories in England are very
much alike in their political methods.
The tories over there have oppressed
and tyrannized over Ireland for hun
dreds of years, resulting in the death
Of hundreds of thousands and the ex
penditure of uncountable millions.
Jfow they turn around and enact
themselves the very law all the great
statesmen of England have advocated
and which they, the tories, have
fought with the bitterness of death for
six generations. The republicans
fought "more money" with the same
bitterness and have gone to work and
increased the circulation more than
six millions a month. Still they con
tinue to denounce, with all the vln
dictiveness of their greedy souls, those
who proposed to do this very thing in
a less degree than the republicans
have done it i
A REMARKABLE RECORD
I is, probable that some of The In
dependent's readers may have not no
ticed particularly" the , communication
from Hon. J. S. Cprbin, of Gouverneur,
N. Y., page 5 of lat week's issue. Mr.
Corbin, lirmly convinced of the value
of The ; Independent as an educator,
has been tireless in his efforts to,
place the paper in every possible iome
in Gouverneur, with the result that
considerably over a hundred subscrib
ers are v enrolled, on our books from
that distant city.;
What has been the effect? For more
than a third of a century the repub
licans have carried Gouverneur, the
normal vote being nearly four re
publicans ; to otoe democrat At the
recent city election the democrats and
labor unions united on a ticket and
elected everything,- the mayor re
ceiving more than 62 per cent of the
total poll. 1 .
Mr. Corbin says unhesitatingly that
"the large circulation of The Inde
pendent here is to be credited with
the victory." Yet strange to say The
Independent does not know the name
of a single candidate on any of the
tickets in the field at Gouverneur; it
has never mentioned the municipal
affairs of that city; or taken any part
directly in the politics of that city.
All that it has done has been along
lines that are applicable to any city
in any state. It has preached prin
ciples and paid little attention to men.
Populist and democratic politicians
in Nebraska might learn a valuable
lesson from the example of Gouver
neur. Fulsome praise of John Doe and
Richard Roe cuts little figure. It may
gratify Doe and Roe, but after all it
is the gospel of populism which in
spires men to take an active interest
in politics. By a little effort on the
part of those who are sincere in their
advocacy of popul.st principles, The
Independent's circulation within the
state of Nebraska could be increased
10,000 to 20,000 in the next six or
eight months. Wherever it is read by
earnest men it has the same effect it
did at Gouverneur.
SOCIALISTIC QUACKERY
"Under socialism sickness will
disappear. I know you- will laugh
at this statement. I expect that,
because you have not considered
what sickness is or what man
would be under natural condi
tions." A. W. Ricker (probably),
In Appeal to Reason.
"Natural conditions," eh! Was there
no sickness among the natives of Aus
tralia? Or the aborigines of Ameri
ca? Or what is meant by the terra
"natural?" As a matter of fact, isn't
it true that the Marxist regards capi
talist production and its attendant ills
as a "natural" process in the evolu
tion of human society?
Enrico Ferri, the noted criminolog
ist, doubtless understands the sub
ject of socialism as well as any mid
road populist who "progressed Into
socialism" in a fit of anger because
he was one of a minority on matters
of party policy; and there is not a
shadow of doubt that Ferri is a bet
ter authority on human pathology
than any man on the Appeal's edi
torial staff. Yet Ferri makes no such
astounding claims as to what wiJl
happen "under socialism."
It is freely admitted that under a
more equitable distribution of wealth
a great deal of sickness and crime
would disappear. Better food, better
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sanitary conditions, less worry all
these would have a wonderful effect.
But why prejudice the case by , ex
travagance equal to a "fake" medicine
adv.? Let us hear what Ferri says:
"Socialism and Darwinism, it is
said, are in conflict on a second
point. Darwinism demonstrates
that the immense majority ...
are destined to succumb . , .; so
cialism ... asserts that all ought
to triumph. ... w ;
"The number of victors in the
struggle for existence constantly
tends to approach nearer and
nearer to the number of births
with the advance or ascent in the
biological scale from vegetable to
animals, from animals to men, and
from the lower species and varie
ties to the higher. ...
"The struggle for existence is
a law immanent in the human
race, as it is a law of all hu
man beings, although its forms
continually change and it under
goes more and more attenua
tion. ...
"I disagree with some socialists
(Loria and others) who have
thought they could triumph more
completely over the objection . . .
by declaring that In human so
ciety the 'struggle for existence'
is a law which is destined to lose
all meaning and applicability
when the social transformation at
which socialism aims shall have
been effected. ...
"I still maintain that the strug
gle for existence is a law insep
arable from life, and consequent
ly from humanity itself, but that,
though remaining an inherent and
constant law, it is gradually trans
formed in its essence and attenu
ated in its forms. . . .
"Socialism, scientifically under
stood, does not deny, and cannot
deny, that ampng mankind there
are always some 'losers' in the
struggle for existence. . . .
"To contend that socialism will
cause the disappearance of all
forms of crime is to act upon the
impulse of a generous sentiment,
but the contention is not sup
ported by a rigorously scientific
observation of the facts. . . .
"For instance, if the case In
point is an assassination com
mitted through jealousy or hal
lucination, it is the anthropological
factor which is the most import
ant, although nevertheless consid
eration must also be paid to the
physical environment and the so
cial environment ...
"We may repeat the same rea
soning ... on the subject of the
ordinary diseases. ... All dis
eases, acute or chronic, Infectious
or not infectious, severe or mild,
are theproduct of the anthropol
ogical constitution of the individ
ual and of the influence of the
physical and social environment
The decisiveness of the personal
conditions or of the environment
varies in the various diseases. . . . '
Phthisis or heart disease . ; i de
pend principally upon the organic
constitution of the individual,
though it is necessary to take the . -influence
of the environment into
account. . . . Cholera, typhus, etc.,
. . . depend principally on the
physical and social conditions of
the environment ... . , ,
"It is . . , evident that a so
cialist regime .. . will largely
diminish or possibly annihilate
... the diseases which are prin
cipally caused by , the conditions .,
of the environment . , . but we ,
shall NOT witness the disappear- .:
ance of the diseases due to trau- '
matio injuries, iumrudence. ' nnl-
monary affections, etc" "Social-
lem n-wsA Af-wln.i. C . , ft KM nr
44; (International Library Pub.
Co., 23 Duane St., N. Y.) -
We can scarcely charge that Ferri
has "not considered what sickness is"
or that so ardent a defender and ad
mirer of Marx is not a socialist. Ver
ily if Way land gets a few more dis
gruntled mid-roadera like Ricker on
his editorial staff he must, to be con
sistent, change the name of his paper
to the "Appeal to Imagination."
Possibly, however, these "kangar
oos" have designs on socializing Mrs.
Mary Baker Eddy's capitalistic meth
od of making "sickness disappear."
Collective ownership of Christian
science would certainly be unique. v
CHARLES Q. DE FRANCE.
While the great dallies have been
keeping the people amused with di- .
vorce cases, . scandals in high life,
monkey and horse dinners, the same "
old gang who have been fleecing the ;
people to the extent that the traffic
will bear, have perfected plans for ex-
tending the national debt for another 1
30 years. The outstanding bonds, a -great
part of which could be paid off '
with the surplus now in the treasury,
are to be fundedinto new bonds, run-
ning for thirty years, and the process
i3 rapidly going on. The reason that
is given for it is that we must have -national
banks and we can't have na
tional banks without a national debt.
It would therefore never do to pay off
the national debt and stop the in
terest, j-
Considerable fighting has been re J
ported in the Philippines' during the
week. Part of it was near Manila and,,
part in the Island of Mindanao.