THE NEBRASKA INDEPENDENT
If
than three months ago what the re
sult of the election in Ohio would be.
MONEY AND TAXES
NOVEMBER 5, 1903,
The expected revolution in Panama
has been announced. This state is the
poorest one in the Colombian republic
and the Panama canal is looked upon
by the Inhabitants as a life and death
issue. American warships have been
ordered to take their station at both
ends of the Panama railroad and keep
it open for travel and trade. The state
of Panama has about 250,000 inhabitants.
General Chase, who commanded the
hessians sent by the republican gov
ernor of Colorado to "utterly destroy"
the labor unions at Cripple Creek, has
been court-martialed and dismissed
from the service. It is said that the
governor will reduce the sentence to a
reprimand.
w John Samuels Paid a $3,oo
Mortgage. ,
John Samuels lives in Br6wn coun
'N ty. Kansas, He is a farmer thirty-uve
years of age. He came to Kansas from
the East in '81, bringing a young wife,
two children, and some money. The
money he invested in 1G0 acres of land.
He paid a good price six thousand dol
lars, two thousand down and a mort
gage back for four thousand. I3ut it
was a well-improved farm and
worth it."
There have been fat and lean years
in Kansas, and in 1902 John Samuels
still owed three thousand dollars on
his place. lie had reduced the debt
one thousand dollars, an average of
one hundred dollars per year, and kept
the interest paid up. His expenses in
nreased with the growth of his family.
His wife's health was not so good of
late, and he paid an occasional doc
. tor's bill. Some improvements, and
extensions must be made on the farm
. buildings. He would be fortunate if
he could make these additional neces
sary expenditures, keep his interest
; paid up and continue applying one
hundred dollars per year on the mort
gage. de realized at this rate he will be a
very old man before the farm will bo
free from debt. If he dies the home
will be sold; perhaps at a time when
it may bring little, if any, more than
the mortgage. The savings of a life
, time will be lost and the wife and chil
dren will-suffer.
One day a stranger appeared and
asked permission to explain life insurance.-
Mr. Samuels listened intent
ly, conceded it was just what he need
ed, that he would like a policy, if he
could pay for it,- but he owed three
thousand dollars on his farm, and it
was all he could do to pay the interest
and a hundred dollars a year on the
principal. As the premium on a pol
icy at his age would be $102.60, he did
not see how he could carry it.
"Suppose," said the agent, "the per
son who holds this mortgage on th
farm should say to you: 'If you con
tinue to pay the. Interest as before, but
instead of paying one hundred dollars
a year on the principal, pay' me $102.C
per year, I will, if you die, cancel the
mortgage, giving, your wife the farm
If you live twenty years, I will release
the mortgage, giving the farm to you.
xou surely would accept such a propo
sition. i Now," Mr. Samuels,, continue
paying the interest, but instead of
paying one hundred dollars per year
on the principal, take a three thou
sand dollar policy in the Old Line
Bankers Life Insurance Company of
Nebraska, which at your age, thirty
five, will cost $102.60 each year for
twenty years. If you die, your life In
surance will pay the loan aud leave
your home free of debt. If you live
twenty years, your cash settlement,
consisting of the guaranteed reserve
and estimated surplus will pay the
mortgage and leave you $210.45. You
have paid out $2,052.00, and have left
$210.45, thus paying a debt of three
thousand dollars with $1,811. f5, or
ixty-iwo cents on the dollar, having
meanwhile a guarantee that, should
you die, the debt is canceled."
For more than a re ntury, farnu and
homes have been paid for In this wan
ner, by policies In Old Line Insurant
Companies. Permit our to
rlaln the detail more fully. If you
want more land, ask for Circular No. 1
'How Jonea Nought and Paid for a
$6,000 J'rm.M If you are a renter, or
J ut starting In buainrM, or xtorktng
for a saUry, ak for Circular No. J,
howlp how. without security on your
P-irt, you tnsy buy a land on twenty
ypart time, fuarantfeln to your (am.
lly a home. If you die, and to your
iHf a home If you lire.
For further Information addre the
01 D 14NK HANKKHH I. IKK INWIt
ANCH COMPANY of !.lueolo4 N
patron! 0'r adv ertUers,
"Ditcf pU of Henry George" Takci Th In
dpnlat to Task Bot t"tl to
Aaswer IU Questions
Editor Independent: 1 note- your
objection of October 29 to the single
tax. Through unfortunate wording I
think you have unintentionally con
veyed two misconceptions: first, that
taxes are payable in geld; second, that
a holder of gold has power to exact
what he will from all who would Use
mcney.. Neither of these conditions
exist. Taxes may be paid in silver, or
paper, or copper, and, in fact, are in
large part paid in mere bank credit
a sort of imaginary money. Moreover
the exchange value of gold does not
depend on amount of gold in circula
tion, but upon amount of media of
exchange, of all kinds, In use gold,
paper, bank credit, personal checks,
negotiable notes and due bills, credit
checks, certain forms of warrants, etc.
So it is not true that, before paying
taxes, a man must first make terms
with a gold-owner, or that the gold
owner can fix the exchange value of
money, or even, of his own gold coin.
This being the case, I think it an
swers the question as stated.
At the same time, while I do not
telieve your objection Is valid, you
have touched a subject which has
probably occurred to most of your
readers, viz: tho relative importance
of thu single tax, and the money ques
tion. Our money system is execrable
and will probably soon be made worse.
Now, it may be asked, is it not more
important to correct that than to set
tle the land question? This is a per
fectly legitimate question and demands
a candid answer. In ' my Judgment,
no. Reduced to its simplest form 'the
question becomes: is not money of
more importance to a man than land?
In this form it almost answers Itself.
Imagine Robinson Crusoe first cast
ndrift with a bag of coin, and later,
thrown by the waves onto his Island,
and the relative importance of money
and land Is clearly seen.
The single tax 13 not simply another
scheme for levying taxes, a new fiscal
arrangement or revenue law. It Is
more than a mere substitute for tar
iffs, or for "the present chaotic sys
tem." It is a reformatory measure
with incidental revenue feature.
While the tax it proposes is, I believe,
the most Just ever devised, its first
concern is to secure to all men access
to land. Therein lies its importance
over monetary reforms, railroad leg
islation, excise laws, sanitary meas
ures, or any other minor question call
ing for solution. .
Comparing the land and money
questions, this is to be remembered:
land is a primary factor In all produc
tion. No wealth can be produced with
out it. Money, while important, is at
most merely a secondary factor in, ex
change. It is important as a standard
of value and convenient as a counter or
medium of exchange. But it plays no
part in production and is not abso
lutely neeessary,' even In exchange, as
all country storekeepers have ob
served. Now since the possession of
wealth is of prime necessity to man,
It follows that production is of first
importance. Land, being a necessary
factor of production, while money is
not, we can see that access to land is
of greater importance to producers
than possession of money.
To illustrate: take two extreme
cases. Senator Vest once said that
whole sections of his state had been
without money for a long time. Yet
these people, having land, were able
to live. They raised crops and stock,
built houses, and even exchanged
products wood for clothing, grain
for furniture. Though handicapped by
lack of money, all they produced was
their own, and, where free from debt,
they remained independent and ac
cumulated wealth. They had land. On
the other hand are the Pennsylvania
miners, denied all access to land ex
cept through permission of others.
They are absolutely helpless. Though
producing wealth to value of millions,
they have to give all but a bare living
tor access to the land where they pro
duce It. The workmen In most of our
Mtj factories, and tenant farmers un
irr nune com primou lor lantl are
equally dependent.
Ilctwum thtw two extremes may be
found all shidta of dependence, vary
lrK with the Intensity of the fJtruwle
for bind. TMs rxempllnVn a urrat
rutu, to-wlt: In proportion a pro-lm--r
are denied aretna to the land, they
irp thereby condemned to starvation,
or to a condition wore than rlivrrv.
tfuppo, the factory worlmn could
h have aet em to fcu acres now hln
idle. Would they toll at tratlon
wm? Would we hear of child labor
Uw? There I if mi nimlty of Und
What men lack l.i term to It. More
Mun half of New York city I vacant.
The amount of (arm land held out of
ue by spetuUtor a!mot beyond
Well, well! Cheer up! (Jet busy-
lams' neich nnd erenm r rlhL
mi . . . . . . i . .
1 uey were sensational "snow norse v "live whirlwinds" at tho Nebraska State
lair. (Ho -had,. a snap.) la ns had a whole barn full of prize winners there,
lams won first on four-year-old Percherqns in clas of thirty-two (en en y vic
tory). Also championship sweepstakes Percluron sta I on rer all, and many
more prizes. In fact all tho principal prize in Percheions, Belgians and
Coachers. Then lams kept his great 5i( 000-pound sh w pair and the best
stallion in every das? nut of the Nebraska show yard, lams' best horses were
at the Nebraska State Fair for exh bhlon nnd were not shown for prizes. None
of the special train of 100 stallions received August 2.1. 190.1 were ehown at Ne
braska State Fair, and wmong these he had the first and second prize four-year-old
Percherons at largest French horwo show at Chartren, and many Percheron
winners at leading 'horse-shows." as well as winner at leading "horso-shows" of
LULQIUn ancTGIiRriA.NY. lams is jusily entitled to the name-
SWEEPSTAKES STUD
VISITORS and UUYKRH throng bin barn At Nebraska Stnte Fair nnrt said: "HELLO, TOM!
i!,ttom. "I'm ELY lroni Missouri.- Say, IAMH HAS TUH l'.KHT UOKSK-SHOW I
KVI-.H KAW.- Yes, see thoso lour iMWMi-pounil two-yenr-obis. IAMH IK. A HOT ADVERTISER,,
I1? tins horses HKTTlCIt THAN HE ADVKKTfSICS: nicer than pictures." "HELLO, Mil!
12. , MW . .','rM ZKK,' Iroin Ohio. Bay, this ir tho MOT 8T1UNO OF
MA LI. JONS I EVER SAW; they ure sure pcachex an1 cream. See thono nx 2,200-pound three-'
year obis nil alike, too. They are ALL-WOOL AND A YARD WIDE. -Zeke, thev nre iro "THK
WIDE-AX-A-WAOONHORT." "Hay, MOTHER, look! Thin la IAMH' OREATgHOW OF HORSES.
Ills horscB are all black and big, ton fellows; none on the grounds lo compare wtlh hi. Ho al
ways has the BEST." "Well, Snmanthy, here Is IAMH' KI10W HERD. EVERYBODY wants to
&Vi!:.r.?.-. )S(S ctt,ne irola ('"lllonila to see IAMH f,l00-l'OUND I'AIR OF HTALLION8.
1I,KM: hetter t! an the pictures. They are sure the greatest pair In the U. H. Yes, and
.!J.IUH, ? N'j,?.,Kl) MILES to see." "Hello, Louie, here is IAMH' 2,400-rotJND RWKEP
H1AKES I'EKCIIEKON uaHIon OVER ALL. He is a 'HUMMER.' " "Hay ,'DOC. ' I don't won
der at H1H COMl'ETITORS wanting this horse HARKED out ol show ring. HehaBURK WIN
NER anywhere. IAMH always has 0001) OXES und has them in shape." "Hello, Hob. Hee
! , ?S I1,lnolH n,pn t'l'ylnff that 2,V(X)-pound three-year-old, a 'TOl'-NOTClIER," at f 1,200 MUCH
i..1.!1!11 V',"" twenty of my neighbor !uve 81,000 for." "Kt ly, see those line COACHEUH OF
I A MS'; "deorgic, drar, they are lovely; they can look Into the second-story window. They
?'l,p, ,h,!h ".r"1 HH,T,re,li' 'lV(' 'WHIRLWINDS.' " "Yes, Kitty, IAMH HAH MORE REOLSTERED
DRAt'i and COACH STALLIONS than ANY ONE man in the U, y., and all good ones." "(ieor
gie, dear, you must buy your next stallion 01 IAMH. His horse are much better than the one you
puM those Ohio men l,t00 for, aud IAMS ONLY ASKS 81,000 AND 81,500 FOR 'TOITERH.' "
IAMS bus on blind
147 Black Percherons, Belgians and Coachers 147
00 per cent blacks; Ml per cent ton horses. TAMS speak the languages, BUYS DIRECT from
breeders, pays NO BUYERS, SALKSM EN or INTER l'KETEKS. Has no THREE to TEN men aa
partners to share profit with. His TWENTY-TWO YEARS SUCCESSFUL BUSINESS make him
a safe man to do business with. lams guarantee to sell you a better amnion at $1,000 and $1,400
than are being Fold to slock companies lor $2,5' 0 to f 1,000 by slick salesmen, or pay your fare and
$2ft BER DAY FOR TROUBLE to seethein, YOU THE JUDGE. IAMH BAYS HORSE'S freight
and buyer's lare, gives K) per cent breeding guarantee. Write tor eye Ol'ENEU and CATALOUUKL
Relercnces; Si. l'aul State Bank and First State Bank.
Rfl
M
St. Paul, Nebraska.
comprehension. To destroy this ar
tificial scarcity of land is the aim of
single tax. To throw these non-productive
farms and city lots open to
settlement, to enable every" idle man
to become a 'producer, to secure to
each the full product of his industry is,
to my mind, the fundamental reform.
A DISCIPLE OF HENRY GEORGE.
Lincoln, Neb.
(The asEociate editor purposely
omitted to mention silver and copper
coins, United States notes, national
bank notes, etc.; along with gold coin,
Just to test single taxers upon the use
of "elliptical expressions." But, nev
ertheless, no producer of wealth, save
the gold digger, can have his product
empowered by government to pay tax
levies and judgments at a fixed price
for specific quantities of the same.
The mere fact that there are other
forms of "coin," stamped upon other
material than gold, does, not change
the principle. In the last analysis it
will be found that tho digger of gold
is the only producer of wealth thus
favored; but, in the case of national
bank notes, the absorber of wealth is
also specially favored by being given
opportunity to draw double interest
upon his bonds.
' A Disciple of Henry Georp-e fails to
meet the exact requirements he im
poses upon othefs. For example, taxes
may NOT be paid in silver but in
silver coin having legal tender power;
not in copper but in copper coins in
limited amounts; not in paper but in
paper coins carrying the stamp of
government and endowed with the
power to cancel tax levies and certain
judgments.
Now, The Independent's question Is
far from being answered. It Is ad
mitted that land or land values can
not be iieed as revenues. Even the
plnrle. tax must be pild in SOME
THING produced by man. What ehall
It be? To repeat what was asked Inst
week
"Do you Intend to continue the
practice of stamping 'Ten Dollars'
upon every z'i grains of tndard
rold presented at the mint, for any
Individual who la lucky enough to be
the owner of old, and mi the coin
o stamped the eteiv thing In
whlfh taxe my he ptld? Or, do you
Intend to confer a Ilk prlvile$; upon
i n h liuKhH of t orn, or wheat, or iso
lators?' Jtttl- one of the catt h-worda In
th nine! tat philosophy. Where la
the Jimtlc In ntnuiplng; n fixed price
pon th rold ow ner'n gold and em
powering It t pay tnxa and Jud?
menu t that rrf.r. whll at the me
Mm everv other rtw'uctmanv of
hem Infinite! v more Mfef.iJ )tnn i.d I
N denied that rHvlleKf!A
IMitur.)
$30.00
Buyj
a Ticket
AND
Sleeping-Car Berth
VIA
..Union Pacific.
TO
CALIFORNIA OR OREGON.
1
0 DETOURS.
0 CHANGE OF CARS.
0 CHANGE OF ROADS.
"The Overland Route" all the way.
S PiCTORV
Full Information cheerfully furnished on
application to
12. U. SLOSSON,
Oen'l Aent, Lincoln, Neb.
lot I O Street,
MUr& MUr Allcruvya, 194 1 O klrt,
I.lsroln, N.b.
NOTICE Or AlMIMSTIlATtlt'8i.U.E
Niitl 'e U bfrcl y lvn that, In tmrniunoe of
mi nrlfr tf Hue Hi ti.ft! larti J. Unlim-g,
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trr r.iinljr, Ni trk, i-n ih fir tlajr tl Ivrrin.
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Iill li m tlhril trnl rli, t; ,, mtin
t tf Uiorv "M In Mock iiiiuitH-rvil hihi liuu.lri-.t
(tis.t fns f (l'lt tie ortkliml pm i(ih
i liy i llnftitn. I mit trr nmtf , Nrtrk.
I I ttui-ln, N t.rn.ka. lt) "HiU i!r of
Octi.Nr, l "'t.
otto w Mm n,
.l!tniiriiif ) huU iiiiu irt Dip ttuu
Mi lit l I'ulUii. lrciHl
Header of The lnd'vcndnt ihoulil
ftmln0 the ndvrrtlKetnentt In Ita rol
umn. It will pay you to read thrra
and take dvant,ii of th tmrgiln cf
ftred. Alwayi mention Th tndepa
dent.
N