8
- THE NEBRASKA INDEPENDENT
OCTOBER 15, 1903
the llebraska Independent
EineeJn. Htbrask.
LIBERTY BUILDING.
1328 0 STREET
Knit red tceording to Act of CongTcsof March
j, 1879, at the Postoffice at Lincoln, Nebraska, aa
ecood-clau mail matter. -
PUBLISHED EVERY THURSDAY.
' FIFTEENTH YEAR.
$1.00 PER YEAR
When making remittances do not leave
Money with news agencies, postmaitera, "etc.t
to be forwarded by them. They frequently
forget or remit a different amount than was
left with them, and the subscriber fails to get
propel credit. " .
Address all communications, and miks all
draft, money .orders, etc., payable to
the Htbraska Independent,
Lincoln, Neb.
Anonymous communications will not be
oticed. Rejected manuscripts will not b
returned.
T. H. TIBBLES, Editor.
C. Q. DE I KAKC'E, Associate Editor.
T. D. EAGER, ButinesH Manager.
The "contented" are the ones who
have invested in watered stocks. The
"disgruntled," the. "discontented" are
the ones who gave them the go-by.
When the fusion government went
out the floating debt of the state of Ne
braska was $1,727,447.72. The repub
licans have already run it up to over
$2,000,000, and when they are going
to "stop no one knows.
It seems that wherever the republi
cans have recently regained power
public expenditures have been enor
mous. It is so in Colorado and Ne
braska, The last republican admin
istration in Massachusetts increased
the taxes a million dollars.
Hogs Vent down $1 a hundred last
week and the next day the meat trust
raised the price cl bacon an eighth of
a cent a pound to retail dealers. Don't
join the discontented, for all the pa
pers that flood the farm homes de
clare that that is a very bad thing
to do.
The Associated press is sending out
notes of alarm from all over Ohio.
They say that Tom Johnson is so hot
after Hanna tha'; the state republican
committee begins to fear for the leg
islature. If Tom Johnson downs
Hanna, The Independent will take a
week off to jubilate.
Mr. Bliss Perry protests against the
amount of space given in the maga
zines to the subject of war and de
clares that it fosters the war spirit.
Does not that criticism apply with
greater force to the dailies? Not only
do they give great space to war, but
much more to divorce and criminal
news. Does that not foster vice and
crime?
The Bee still keeps up its squibs
about Judge Barnes being appointed a
commissioner of the supreme court as
If he were the only one so appointed.
The fact is, all of the nine commis
sioners are required by the state cre
ating the positions to be appointed by
the unanimous vote of the three
judges. Of all the silly things ever
tried -in politics, this continued asser
tion is the silliest.
The Independent acknowledges re
ceipt of "a copy of the report of the
ninth annual meeting of the Lake
Mohonk conference, held, on the invi
tation of Albert G. Smiley, at the
Lake Monhonk House, Ulster county,
New York, May 27-9, 1903. . Interna
tional arbitration was the subject dis
cussed at thi3 conference. The report
makes a book of 144 pages and copie3
may be had on application to the sec-
retary (H. C. Phillips), Monhonk Lake,
New York.
THE DAHKERI ASSOCIATION
The bankers had their annual meet
ing in Lincoln this week and the. edi
tor of The Independent made arrange
ments to attend, though pressed with,
a thousand other duties. It was time
lost, though Congressman Hill and
other distinguished lights of the re
publican party were the principal
speakers. It. was the same old thing
without variation that has been told
over so often that it makes a man
tired to come in hearing distance of it.
Why a speaker in addressing a body of
bankers should think that it was nec
essary to go over the history of the
"Suffolk System," into details of how
bank notes were redeemed in Canada,
the amount of gold held by the gov
ernment banks of England, Germany
and France, the amount of their re
serves and talk for an hour concern
ing the kindergarten work of bank
ing, is past comprehension? If these
bankers had never read a work on
banking, never lobked at the reports
in the financial magazines o-the com
mercial columns of the daily papers,
tben that sort of talk might have been
appropriate.
One thing was noticeable. Every
theory advanced took for granted that
the quantity theory of money, which
almost every one of these banking
scamps present denied during the last
two national campaigns, was true.
, They were all in favor of destroying
the greenbacks and recoining all the
silver dollars into subsidiary coins,
thus destroying their legal tender
power. Congressman Hill made the
bald statement, so often made before,
that it had cost the government mil
lions to keeD thY greenbacks in cir
culation, but he, like all the others of
that ilk, did not make any attempt to
prove the statement.
" Another thing was prominent, in
fact, it permeated every sentence, the
discussion of every law, and every
change in laws that was proposed. It
was to be for the benefit of the bank
ers. " The profit that could be got out
of it was the only thing that they were
interested in and still they made the
claim that the whole 80,000-,000 of the
population of these United States
should take their advice and that of
no other person jcc-:rning the me-v
dium of exchange that the people
should have. Satan himself could not
exceed that exhibition of "cheek."
While Hill advocated one United
States bank with branches, the turn
ing over to that bank and its branches
every dollar of government revenue as
fast as it was paid in, the destruction
of the greenbacks and the silver dol
lar, and -asset currency, the majority
of those present were not willing to
go quite that far. Not just at present.
They could not see any; "profit" for
themselves in a:set currency and felt
sure that branch banking would throw
all of them out of business, so they
were down on those propositions and
Mr. A. J. Frame of Wisconsin was
particularly denunciatory in his re
marks concerning those schemes. If
there had been any "profit" in it they
would probably have looked at it in a
different light.
Another one of their propositions
was that a bank note and a check was
essentially the same thing. That sort
of financial rot has been taught in our
state university. A bank note put
out and used as "money," which goes
without indorsement or identification
of the bearer, is so essentially differ
ent from a check, that It takes the
same kind of satanlc "cheek" to make
the assertion, as "that it cost the gov
ernment 6 per cent per year to keep
the greenbacks in circulation.
It will be noticed that all the dis
cussion hung around the note-issuing
privilege. Nothing else connected
with banking was mentioned. That
makes all the disturbance. If the
government should issue all the money
the bankers would be relieved of all
this trouble. Then they could go on
their peaceful way and become great
aids to commerce and business, and
devote themselves to building up the
Open Our Catalog to
Will- See Samples of
as That We
These suits were made by a manufacturing tailor who is
so jealous of his reputation that he won't permit us to men-,
tion bis name in our advertisements unless we maintain
his high prices. We couldn't do that. If we did we'd
make more profit than our rules require, so we let this
statement suffice. The quality of the materials is not so
much better, but the patterns are so exclusive. The tai
loring, besides having the perfection of other high grade
clothiiag, has been given innumerable touches of elegance
which have the effect of classijg it with the kind your
tailor could not make for less than $30.
... - s
IF YOU HAVEN'T OUR CATALOG
SEND FOR IT AT ONCE v
business and manufacturing industries
in their own communities. The prin
ciples of safe banking axe so clearly
set forth in any authoritative work on
that subject that the way would be so
plain that a fool might walk in it. It
is when it comes to issuing promises
to pay that are endowed by law with
the functions o money that trouble
begins. The b?nkers are all anxious
for such a privilege because, and only
because, there is money in it for them.
On that subject there is nc authorita
tive work and there never will be. It
is a- government function, and when
a bank is delegated authority to ex
ercise the sovereign power that be
longs to the state, while there may be
money in it, there is a; lot of trouble
also. The power to issue notes to be
used as money, is , a weakness to any
bank and all the laws that can be
passed will never make it anything
else.
There were a few bankers present
who had no sympathy with the ideas
that were exploited
at such great
length. They run safe and
sound
banks. They are sensible men. When
the wrecks, whicaUhe coming disas
ters will strew the country, are cleared
away, they, will be found at the old
stand still doing business.
SULLIVAN AKD BARNES
The Pender Republican says that
"Judge Sullivan i3 the same partisan
that he ever was. Democrats and
populists will vote for him as such."
It seems to The Independent that that
statement is a jumble of contradic
tions. If Judge Sullivan is a demo
crat, how comes it that populists will
vote for him as a partisan? If pop
ulists wanted to vote for a partisan
they would necessarily be forced to
vote for some populist for supreme
judge. The truth is that populists will
vote for Judge Sullivan, not on account
of partisanship, but because he has
been a just judgj and they believe he
will continue to be a just judge. They
believe that in all cases coming be
fore him that he will earnestly strive
to do exact justice between the par
ties to the suit." They believe that
Judge Barnes could not do that even
If he tried, because Barnes has been
a paid attorney of a railroad for fif
teen years, fighting the railroad bat
tles during all that time. He has so
often told the courts that the railroads
must be protected from the avarice,
Page 5. There you
the Suits for Men
Sell for $9.00 &
COR. 15th AND FARNAJV
injustice and prejudices' of the farm
ers, that he actually believes that that
is the chief mission of a judge. It is
utterly impossible for a man to spend
the flower of his life fighting for cor
porate, interests and then all of a sud
den throw off all the impressions and
prejudices acquired "in that long ser
vice and be an impartial judge between
the "farmer and the railroad. It is not
in human nature to do that sort of a
thing. What Judge' Sullivan's politics
are, matters notrvThat is not the ques
tion in this campaign. The question is: 1
WTill hebe a fair, honest and impar
tial judge in the suits that will be
brought before him where the great
interests of the producer clash with
those of the railroad corporations?
Evidently the railroads think he will,
for they are using every means in
their power to defeat him. Thousands
of populists, democrats and republi
cans think he will, and they will do
their best to elec; him.
MUCH ADO ABOUT NOTHING
Nebraska is the storm-center of dis
turbances in the social democratic par
ty.. At the last state convention it
was decided to exclude any section un
less'a given percentage of the mem
bers are wage-workers. Admission
was refused a section composed of a
school teacher and several business
men.
a great rumpus
among those socialists who expected to
absorb the people's party at one fell
swoop. Their Marxian doctrines of
"class consciousness," "economic de
terminism," the "class struggle," "sur
plus value" exploitation, etc., are laid
aside in a mad race for "votes." They
want to take in any old kind of
"bourgeois" capitalist, if he will only,
vote the ticket.
But the Nebraska socialists, believ
ing socialism to be a "proletarian"
movement, decided to put none but
proletarians on guard. They had been
filled full of slush about the "coward
ly middle class," and were determined
to keep the proletarian movement free
from any disturbing element. And now
the "kangaroo" papers all over the
country are scoring them.
If troubled with cancer write to Dr.
T. O'Connor, whose ad. appears in The
Independent. He is a specialist of
a' "ity and has cured many of the most
virulent cases, Mention The Independent.