10
THE NEBRASKA INDEPENDENT
APRIL 23, 1903.
News of the Week
From what can be gathered from the
plutocratic daHIes of New York and
other eastern cities "the captains of
course to be pursued In regard to
;"trust-busting" will be to threaten the
administration with destruction, if it
-Joes not stop and "let well enough
'ilone." Before any other prosecutions
are instituted the whole power of the
'nancial and investment world in the
United States will be brought to bear
an congress to modify the anti-trust
act of 1890. They never will submit
io an enforcement of that act. Com
petition must be destroyed and all
laws tending to preserve It must be
repealed or allowed to remain on the
statute books as dead letters. The
trusts believe, and they have good
foundation for their belief, that the
congress that meets in December, or
pooner if called in extra session, will
prove tractable and the anti-trust
laws will be modified. Morgan, Hill.
Harriman and the rest , of the gang
have suddenly found out that no con
stitutional amendments are necessary
to bust the trusts, that there are suf
ficient laws now on. the statute books
to destroy every one of them. So
they want those laws repealed.
r Last week the painters union of
.Springfield, Mass., decided "not to
recognize the master painters' organi
sation, but to treat with the members
Of it only, as individuals.'-' Labor un
ions are adopting the tricks of the
capitalists. .......
from Philadelphia answered to the
names of twenty members who were
absent and an important boodle bill
was passed. No protest was made and
as the records show that the bill was
regularly passed the courts will not
interfere. The republicans of Penn
sylvania will continue to vote 'er
straight notwithstanding such little
instances of anarchy as that.
The Rockefeller City National bank
of New York still has as strong a pull
as ever at Washington. It has been
discovered that the government clerks
have been engaged, not only in fur
nishing the City National a list of all
holders of government bonds that are
to be refunded Into the 30-year loan,
but have been sending ouU.circulars
to them so that this pet bank can
have the first opportunity of getting
the bonds. When the other banks
made a violent protest, Secretary
Shaw replied that the other banks
could now have the same privilege.
It has been the practice ever since
the war for the government to keep
this list of bondholders a profound
secret, but after the City National got
the list and the first access to the
bondholders, the rule was abolished.
It seems that Rockefeller can have
anything he wants of the treasury de
partment simply for the asking. ;
The Investing public seems to have
changed its view of Morgan's finan
cial ability. The new 5 per cent bonds
of his steel trust are selling at below
84. The preferred shares of his trans
Atlantic steamship combination ' are
quoted at about 31 and the common, at
11. These figures .must be accepted
as reflecting the current investment
estimate of. Mr. Morgan's, work In de
stroying competition.
The Philippines seem to be the
grave of the hopes and honor of a
good many officers of the army. Gen
eral Baldwin, at present located in
the command of the department at
Denver, is In trouble up to his eyes.
The service in the Philippines so de
moralized him that when he arrived
In Denver he declared to a reporter
that a negro or Filipino soldier never
gave an officer any trouble for it '
made no difference whether they were
killed or not and in explanation added
that if a man had a prize dog and a
cur, he would naturally be more
solicitous for the high bred animal.
He has been called to account for his
brutal talk and denied it. The re
porter, however, has made, affidavit
to the truth of the statement as pub
lished and the war department says
that the easy way of denying a pub
lic interview don't let General Bald
win off. He is expected to ask for
a court of inquiry, and if he don't,
the war department will ' order a
court-martial. When the government
sends men on such duty, as has been
demanded of. them in the Philippines,
the government ought to expect them
to become degraded and brutal, and
not court-martial them for something
that the nature of the service pro
duced. .
Prof. Albert H. Putney of the Il
linois college of law in a public ad
dress in Chicago last week said:
"The panic of 1893 was brought about
entirely by the action of the national
. banks, which were the sole benefic
iaries of it" It is only ten years since
that panic was ordered by the clear
ing house ringvand although that ring
Is still the dominant power in the
land, yet here .and there a prominent
man is founi who dares to tell the
truth about the crime. Fifty years
hence the name of every man who
had anything to do with it will be ex
ecrated by all mankind.
... . .
f r
It goes without paying that there
are very many more trusts doing bus
iness in direct violation of the anti
trust act besides the Northern Securi
ties company, prominent among them
being the merging bf the anthracite
coal roads, the Vanderbilt lines, the
Pennsylvania systems and the New
York, Hartford and New Haven. But
no more trust-busting will be en.
gaged in. Enough has been done to
hold every galoot In line to vote 'er
straight It is announced by theTiigh
est authority that Wall street has been
so informed. Knox refuses to say so
publicly, but Wall street seems sat
General Miles upon his return from
the Philippines made a full report to
the war department and a good many
prominent men are demanding that
that report shall not be forever locked
up and kept from he people. The
people paid the expenses of his trip
and they are entitled to know what
he found out
The National ManufacturersV asso
ciation' after making a vigorous as
sault upon organized labor passed a
resolution and put the machinery, in
shape to organize the non-union la
borers. When they get the unorgan
ized organized, will they be any mon;
Inclined to take low wages when they
can force the manufacturers to pay
more, than those who are already or
ganized. Perhaps they intend to play
the same game that Mark Hanna has
so long played. Divide the opposition
into organized factions, all voting dif
ferent tickets.
Immigration into Northwest Canada
still continues in astonishing "num
bers. Some young English gentle
men have been struck with the fad
and are coming out to Canada "to
learn farming." One of them was
placed on a big ranch, but a few days
afterward he turned up at the gov
ernment office and said: "That man
awakened me from my slumbers be
fore d'y, and 'e took me to the barn
wit ha lamp, and 'e asked me to lead
a blawsted bull to water in the
dawk." He wanted the Canadian gov
ernment to send him back to England.
The railroads and lake boats took a
turn on the millers of the northwest
the other " day that has resulted in a
shut-down of a very large part of the
flouring mills and they will not be
started up until the rates are
changed. If they are run, they will be
run at a heavy loss. The rate on 60
pounds of wheat is 2 cents; on 60
pounds of flour it is 5.4 cents. The
millers and the people who .eat flour
had better conclude to vote for the
government ownership of the railroads.
' Another, instance of anarchy In re
publican legislaturesr everywhere has
come to the notice of The Independent
At a' recent session of the Pennsyl
vania legislature when but few were
present, on a roll call one member
New York politicians of the Hill
stripe have long been declaring that
the indorsement of any candidate in
that state by Bryan was sure defeat.
Now the chairman of the New York
state democratic committee comes out
in a statement and declares that Bryan
defeated Coler. He says that a spe
cial messenger was sent to Lincoln
to get Bryan -to publish an indorse
ment of Coler and that Bryan refused
and remained silent When the Hill
crowd publicly acknowledge that they
can't elect a man, even in New York,
without Bryatfs aid, it would seem
to be time for them to drop their re
organizing propagaada
THE TRUStTpHOTEST
mms
Are sensations to LU borers, his bores are "warm propositions" to hli competitors. Js will
how yon MORE stallions of bfgsize; quality and finish than ALL IMPORTERS IN NEBRASKA,
and horses jron will wish to buy or per your far to see bim too the judge. If yoa will pay cash
or sire bankable note, yon will sure boy a stallion of LAMS. In October, 1902, he imported 6.
black and bay stallions. lams has just brought from bis farm to his sale barns SO stallions, not
seen by public before. They are: 1
HERD HEADERS
Tisltors and buyers thron his barns aad say: Hello, Bill! I'm from Illinois; I'm Ikey from
Missouri; lams has the good ones: he shows us horses better than he adrertises. See that 1,9U
lb 2-year-old. "a hummer," I bought him at $1,200. - Couldn't duplicate him iu Illinois, Ohio, or
Iowa at S2,C00. See that 2,150-lb 3-year-old, "a ripper." Say, Jkeyl 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'.'
look at this 5.100-lb pair of beauties; they are worth going; from Maine to California to see (bet
ter than the pictures). Say, lky. you couldn't go wrong here. They are all ''crackerjacks.'
If you open your mouth and your pocket books, yon will do business. lams sells them. He has
on hand imported and home bred. .
80-BLACK PERCHERONS, 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, 05 per cent BLACKS. 60 per cent TON HORSES. lams speaks French and German, buys
direetfrom the breeders. PAYS NO INTERPRETERS. NO BUYERS, NO SALESMEN, HAS NO
TWO TO TEN MEN AS PARTNERS TO SHARE PROFITS WITH; bis buyers get middlenieo'a
profits. These six facts and his 2i years of successful business at St. Paul makes bim sell flrst
class PtalKnn ( fifty scats cn the dollar, mud saves Lis bujers $500 to on each siaiiion.
FARMERS: Form your own stock company, why pay slick salesmen $2,500 to (3,000 for third
rate stallion when yoa can buy a better one of lams at $l,"C0or 11,200. First-class stallions aro
NEVER PEDDLED to be sold. IT COSTS 8U0 TO $1,1 0 TO HAVE A COMPANY FORMED 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.
FRAN K
ST. PAUL, HOWARD CO., NEB.
ON U. P. and B & M. RYS.
DRAFT STALL
SHIRES, PERCHERONS,
BELGIANS.
60
60
Head to select fromall im
ported by us and guaranteed.
$1,000 buys a good one from us this fall.
competitiea by selling more quality for less money than the small importers can
possibly do. We do not advertiser 100 and only hare 20, but have just what we
claim. 60 good ones now on hand. Barns just across from B. & M. depot. On
September 9 we landed 40 head, which i our 34th import.
We down all
Watson, Woods Bros. & Kelloy Go.,
Lincoln, M.
published the following editorial on
the prosecution of the trusts r
"We do not think there need he any
fear that the administration of Theo
dore Roosevelt will ever institute any
more anti-trust suits. According to
the best information from Washing
ton, Attorney General Knoi and jother
members of the cabinet have been
hearing things during the past three
days that must, have made their ears
burn. A gentleman who Is on the
inside of the situation says: 'The
interests of men very close to the
administration are bound to be af
fected by a general collapse of cor
porate values. . I understand , that a
great many prominent men political
ly yesterday sent urgenCelegrams to
members of the cabinet urging the ad
ministration to desist from any fur
ther attack at the present time. They
had been asked to intercede with the
president to prevent financial disas
ter to the country in the midst of the
greatest prosperity. I have seen cop
ies of these telegrams, and they were
of the most urgent character. As a
rule they beg the president to let
well enough alone.' One more dose
like the decision in the Northern Se
curities case would prove a financial
emetic that would probably result in
making somebody besides Theodore
Roosevelt the next president of the
United States."
They Demand That Trust Prosocattoaa
Stop and That the Destruction of Com
petition Bocemo the Policy
Since the article, "Rough Seas
Ahead," was in type, the following ar
ticle has been sent to The Indepen
dent It shows that there is no pros
pect that the republican party will
do anything that will seriously men
ace the trusts. It may be said that
in the very nature of things, consid
ering the sources from which that
party draws Its support, It cannot do
anything:1 The Hartford Times is- the
organ of some of the most powerful
concerns in the United States. It
THE RAILROAD MERGER
WHICH IS CALLED THE NORTH
ERN SECURITIES COMPANY
FINDS AN OBSTRUCTION It
THE COURTS, BUT
THE LIFE INSURANCE TRUST
Meets No Obstacle Save, Only, the
Home Life Insurance Companies
of the West.
The J. Pierpont Morgan syndicate
met a serious situation in the federal
court which decided that its plan of
merger represented by the Northern
Securities company was illegal. Stock
In the combine fell off several points.
The merger process will in the mean
time await further results and the ten
dency to combinations of great indus
tries will be stayed for a period at
least
THE BANKERS RESERVE LIFE
Is the chief obstacle In the west to
the successful machinations of the
great eastern life insurance trust The
eastern combine of life insurance in
terests is the great mother of all the
trusts. No other aggregation of capi
tal is able to finance these overstocked
and top-heavy mergers of industrial
enterprises. The great alien life com
panies with millions for investment
make combinations of immense pro
portions possible.
B. H. ROB1SON, PRESIDENT,
and his associates in' the Bankers Re
serve Life Association, has been fight
ing the alien life insurance trust from
the day the company was incorpor
ated. Agents of these alien companies
have resorted to the tactics of the
highwayman and the stiletto of the
assassin in their efforts to hinder the
progress of this growing western com
pany. The people, however, have re
fused to be cajoled, brow-beaten or
driven from their loyal support to
THE STRONGEST WESTERN CO.
thus far organized for life insurance
under the laws of Nebraska. The
legislature rejected every proposition
intended to cripple the Bankers Re
serve Life and other home companies.
The young, aggressive western in
stitution has set its pins for $50,
000,000 of insurance by 1910.
The management desire to employ
at once additional special, general
and state agents for opening new ter
ritory. Producers of character and
ability. can secure good territory on
most liberal terms. Address,
BANKERS RESERVE LIFE,
OMAHA, NEB
George Gould bears testimony to the
fact often stated by The Independent,
namely, that WTall street will not fool
the western bankers again as they did
in 1893. He says: "I heard no talk
of money shortage while I was in the
west. The banks are holding their
own balances in their vaults and will
not have to draw on New York money
to move crops." One of the weapons
with which Wall street has ' always
driven western bankers to do theit
bidding has been destroyed. A west
ern banker with all his funds in -Wall
street was a helpless creature.
The meat trust walked up to the
captain's office and handed over 27,
136 that the Missouri courts fined the
packing companies composing it foe
operating a combination to raise the
price of meat The republican attor
ney general in this state has managed
to get all the anti-trust suits dis
missedthat were begun by the fusion
attorney general, Smyth. That is what
the trusts and corporations put up
their money to elect Prout to office
for. ' According to the modern deflni
tlon, Prout' is an honest officeholder.
He stays bought.