J
8
THE NEBRASKA INDEPENDENT.
APRIL 16, 1903.
Zht IMraska Independent
Linccin, lUbraska.
LIBERTY BUILDING. , 1328 0 STREET
Eutered according to Act cf Congress of March
S, 1S79, at the rosioffice at Liucolu, Nebraska, a
gccondcla nail matter.
PUBLISHED EVERY THURSDAY.
FOURTEENTH YEAR.
f
$1.00 PER YEAR
When making; remittances do not leave
money with news agencies, postmasters, etc.,
to be forwarded bv them. They frequently
forget or remit a different amount than was
left with them, and the subscriber fails to get
! opei credit. ,
Address all communications, and make all
drafts, money orders, etc., payable to
tbt Tltbraska Tndtptndtnt,
V Lincoln, Neb.
Anonymous communications will not be
noticed. Rejected manuscripts will not b
returned. '
Teddy went west and Bryan goes
east. If those two should meet some
where in joint debate, what would be
come of Teddy?
Cleveland and Cincinnati are both
ordinarily republican cities. Tom
Johnson, a Bryan democrat, carried
Cleveland by 6,000 majority, while In
galls, a gold democrat, was defeated
in Cincinnati by 15,000 majority.
Coffee sold In New York last week
for $3.85 per hundred pounds. The
farmers in Nebraska are still paying
25 cents a pound, and for a better
, grade,, 35 cents. The patient creatures
make no protest , ;
The chief aim of the president's
speeches while he Is. circulating the
circle seems to be to square himself
with the Aldrieh high tariff end of the
party and get the people of the west
to agree to it.
Mayor Jones of Toledo, the man
without a party, has just scored an
other victory and has again been
elected' mayor of that great city. All
the parties and . all the newspapers
fought him, but he polled as many
votes as all the candidates of all the
. parties combined.
rne editor or ine inuepenaenT is
forced to read the stenographic re
ports of all the president's speeches
as that is part of his duty to his read
ers, that nothing of importance may
Dy chance escape. He must say after
several days of that kind of work that
aside from the few set speeches pre
pared before he left Washington, Ted
dy runs emptyings most of the time.
The South African gold mining syn
dicates have come to the conclusion
that either black slavery or contract
labor is an absolute necessity. Brit
ish commissioners are now crossing
this continent on their way to China
to make arrangements for the impor
tation of coolies to work the gold
mines. These are the Christian fore
runners of civilization who brought
on the Boer war.
The innocent and childlike faith
that the mass of the people put in the
Associated press dispatches is one "of
the incomprehensible things of this
' twentieth century. As long as they
continue to believe, without investiga
tion or proof, all that is laid before
them in the daily press. Just that long
will the trust pirates "and tariff graft
ers continue to take all the traffic
will bear. When the editor remaiked
to a prominent republican that' there
was still continuous fighting in the
Philippines, he replied that the pop
imagination was always very active
and, that they continued to dream of
battles when everybody knew that the
war in the Philippines was over long
ago and absolute peace was established
in the Islands.
DREAMING XEff DRUMS
The unsoundness and folly of the
whole system of finance, advocated by
the republican leaders during the last
two presidential campaigns, becomes
more apparent every day. They cried
lustily for an increase of the freighc
trade and especially the trade with
Asia and the islands of the Pacific
ocean. The 500,000,000 people of thosa
lands were expected to buy our goods
and the average amount of money in
circulation among 1 hem was le?s than
$4 per capita, and nine-tenths of that
was cilver. If the republicans had
succeeded in destroying silver as mon-'
ey, as they started out to do, and left
the people of those countries with
les3 than one dollar per capita, how
many goods could they have bought
from us? There r.ever was a mor?
foolish proposition submitted to any
nation. Yet that i exactly what the
republican party proposed to do.
was another example of the maxim
that fools rush in where angels fear
to tread. When men, whose reasoning
power3 had not been overthrown by
the canker of greed, tried to point out
the inevitable result of such a policy,
they were denounced as long-haired,
wild-eyed lunatics and repudiators.
At the very same time when the re
publican leaders were working to de
stroy the value of the money of these
Asiatics,' they were bringing every
force to bear to introduce modern
methods among those same peoples.
The "captains of industry" wanted to
sell machinery, to build railroads
there, open mines, put up big manu-.
facturing plants, construct street car
lines, furnish waterworks, and elec
tricity for powej- and light, and in
order to do that, they proposed as a
first step to destroy or make almost
worthless the money of the people
who were to pay for those things. It
was no more use to try to reason with
them than with a man who believed
he had seen a ghost.
Nothing had any influence upon
them until they found that their trade
with he Asiatic countries was falling
off, and if they sold goods in China,
the Straits settlements, Japan and
the Philippines they must take pay
in silver or nothing at all, for those
people had no gold with which to pay.
Then they discovered that the more
worthless they made silver, the less
the value they got in return for their
goods, then a change came over the
spirit of their dreams, and they sent
a commission to Europe to stop the
fall in the price of silver. They are
now dreaming new dreams.
ORDER FROM CHAOS
The recent city elections give some
signs that order may be evolved out of
the chaos that has so long existed in
the democratic party and that it may
sometime become a homogeneous or
ganization. Mr. Bryan is right in his
position that any sort of "harmony"
that would bring the discordant ele
ments that have gone under the name
of democracy, to the support of any
set of candidates, would be disastrous
even if successful. A set of warring
factions such as existed in the demo
cratic party in 1893 under Cleveland
could not successfully carry on gov
ernment and would only furnish op
portunities to the disreputable ele
ments in both parties to do their very
worst. To successfully conduct a
great government like that of the
United States, the first and essential
element of the party in power must be
homogeneity in principles and ideas
of government The talk of "har
mony" that will unite on a set of can
didates, two sets of men whose prin
ciples and ideas of government are
conflicting, is the acme of political
folly. When Bryan says that he
wants no such "harmony," that he
will even fight it, he is taking the only
tenable position that a statesman can
take. If he can bring order out of
the chaos that now exists, the demo
cratic party may be saved, but not
otherwise.
The reorganizes all concede that.
'MsWtWfVrVsY
(KICK
35
, Thats what we want yon to do when you get anything
here that isn't just what you supposed it was when
you bought it, or thatdon't wear as it should after you
have worn it long enough to tell. We want you to be
SATISFIED want you to feel that you can come here
and buy goods with confidence. Some men don't be-"
licve we sell as good a suit of clothes for $10 as we say
we do. We know they don't because they have never
tried us. We do sell just as good a' suit for $10 as
I you can buy in any other store in town for $15. We
I hare no way to convince you of it unless you buy one.
i Then we make this proposition to you.
1 Your money's worth or your money back,
JScnd for oufjiew Spring Catalog & Its ready
there is no chance for any presidential
candidate to whom Bryan is opposed,
but they indulge in the impracticable
and insane idea that a party can be
formed that will lead to success, com
posed of men whose ideas of govern
ment are conflicting on every essen
tial point and who as soon as they are
in office will proceed to fight each
other more fiercely than they will the
opposing party. In contemplating such
a situation the SjDiingfield Republi
can remarks:
"The country needs an oposi
tion capable of carrying on the
government; it cannot go on for
ever without one. If the old dem
ocratic party is unable to fling it
self into some sort of working co
herency that will command the
confidence of the majority of the
people through at least one presi
dential term, it is safe to say
that the emergency will create,
sooner or later, such a demand for
a new party that that new party
will appear and take possession of
the field."
That has been the position of The
Independent and that is why it has in
sisted that the organization of the
people's party should be maintained.
If Senators Harris, Heitfeld and Pat
terson had taken this position, they,
themselves, would not only have been
stronger, but they would have been a
greater help to Bryan in his fight
THEY MUST LIE
It seems that nothing fair and hon
est can ever come from the pluto
cratic daily press. The editors of
those papers must misrepresent every
thing that comes up for comment. Just
at present they are bragging about the
superior credit of the United States
over that of Great Britain. They say;
"The present 2 per cent bonds of the
United States now sell in the open
market at $107, which means 7 per
cent above par, and this, too, while
British ctmsols are selling at $91 on
the $100, or 9 per cent less than face
value."
The conclusion they draw is that
the people of the United States pay a
much less rate of Interest on their
public debt than do the people of Eng
land, all owing to the wonderful good
ness of the republican party. T:c
fact is that the people of this country
pay in the end a much higher rate.
These 2 per cent bonds that are being
sold at 107 can be used by the national
bankers to Issue currency and the
English consols cannot be so used.
The result of it is that the people of
the United States not only pay the 2
per cent interest on the . bonds, but
what the bankers charge them for the
money before it gets into circulation.
Any man of common sense would
know, if he would stop to think for a
minute, that it would be utterly im
possible that there should be such a
difference in interest rates in Lon
don and New York on government securities.
MORE GUDGEONS WANTED
Wall street is up against it sure
enough this time.. Legitimate business
is not interested in the muddle at all.
It is wholly a Wall street affair.
There are $300,000,000 of unsold secur
ities on its hands coming over from,
last year after every gudgeon had bit
ten who had been offered bait. The
account, now stanch as follows:
Pr3viously unmarketed
securities $ 300,000,000
Capital issues so far this
year
Railroad and industrial. 370,207,000
Municipal bonds 30,225,000
Philippine notes 3,000,000
Total $ 403,432,000
Prospective issues au
thorized Railroad and industrial. $ 550,325,000
Municipal bonds, April. 14,000,000
Total $ 564,325,000
Grand total 1,267,757,000
Wall street has always been a great
believer in "overproduction." It seems
that it has been practicing what it
believes and has thrown on the mar
ket an overproduction of bonds. There
is not money, enough to float them
and the whole financial push are in
much trouble. What to do is the ques
tion? Will there be a general slump?
Just at present they are all wailing
and hoping for more gudgeons.
Injunctions break out in new places
all the time and there is no telling
where they will appear next A New
York judge issued one last week for
bidding Mayor Low signing an ordi
nance that had been duly passed by;
the New York city council. When the
judges begin to issue orders to the
legislative department of government
it is subversive of the very founda
tions upon which this republic rest
AC