16
DECEMBER 3, 1303.
Independent School of Political Economy
THE NEBRASKA INDEPENDENT
Buy
mm.
if si
That Mil Pay
you from 50 to 80 per cent annually
Rented, will pay from 20 to 30
- , per cent annually.
A sure crop every year, and the
brightest prospect of doubling
your investment in two years or
less. These farm3 are located in
the Box Elder valley, northern,
Colorado.
There are six million dollars
invested in sugar beet factories
in this valley. Farms are pay
ing enormously, as they have a
sure crop and a bif one every
year, ample water supply, 14
reservoirs, and more than
enough. , We are selling farms
in this valley at $50 and $60 per
acre, and several have been
rented during the past year at
10 per acre, cash rent, paying
20 per cent o- .ie investment.
Four miles down the valley
from whera these farms are lo
cated, farms are selling at $150
to $200 per acre. Twenty miles
further south in the valley,
farms are selling at from $200
to $250 per acre, paying on this
valuation annually 20 per cent.
Land that we are offering is
equally as valuable when fully
developed and improved as the
farms that are selling at $250
per acre. The crops this year
run about as follows: Alfalfa,
6 to 8 tons per acre; wheat, 45
to G5 bushels per acre; sugar
beets, 20 to 30 tons per acre;
oats, 50 to 110 bushels per acre;
barley, 60 to 130 bushels per
acre. We have yet about - 6,
000 acres of tus land to sell
with perpetual water right and
are of the opinion that anyone
purchasing a farm in this val
ley will double his money with
in one year. We will certainly
have all of thi land sold be
fore the first day of January.
Below are' a few we have sold
farms to in the Bex Elder Val
ley, Colorado, during io past
year,, and all are pleased with
their investments:
T. H. Miller, Ashland, Neb.
B. F. Whitney, Ashland, Neb.
Otto Pellitz, Ashland, Neb. .
Eldrege Bras, Emerald, Neb.
W. S. Stevers, Palmyra, Neb.
Nellie A. Howe, Ong, Neb.
William Robbins, Seward, Neb.
J. C. Worrell, Lincoln, Neb.
H. H. Bennett, Lincoln, Neb.
E. A. Pegler, Lincoln, Neb.
H. M. McGrew, Lincoln, Neb.
H. A. Bean, Edgar, Neb.
.Wm. J. Temple, Cheney, Neb.
B. A. Shearer, Garrison, Neb.
Floyd Machling, Garrison, Neb.
J. W. Hollenbeck, Elmwood.Neb.
Joseph Purdy, Eimwood, Neb.
John Hay, Weeping Water.Neb.
W. A. Graves, Cheney, Neb.
J. N. Binford, Cheney, Neb.
John Cook, Dodge, Neb.
J. L. Wade, Atchison, Kas.
W. E. Price, Lawrence, Neb.
M. J. Fitzpatrick, Atchison, Kas.
Joo Connors, Atchison, Kas.
For excursion rates and fur
ther information apply to
Woods
Investment Go.
Office, Lincoln Hotel.
Lincoln, Nebraska,
fi) 1
HANG UP VOIR BROOM!
CftO IOC TODAY Ton THIS
HANDY LITTLE AM1ICIC
Cm . frrm Hkfr
and nf I mH wilt Main lu rtr
taM, ami mot as lc, MU.
' UwfUl liolttrttot.t t'UI'
lit rml fi'i fr4i t rKwi bHilr aod
lit Ut'.AU OP lUAIlft
"FUNDS AND THEIR USES.'r
The University of Pennsylvania,
with its environment of Quay, the
Pennsylvania Central, "Divine Right"
Baer, et al., is keeping the printing
presses busy turning out books on political-economy
intended to "pervert
the egoism" of the producing mil
lions. One of these is entitled
"Funds and Their Uses," by Frederick
A. Cleveland. Ph. D. (Appleton, 1902),
-and is really a valuable book aside
from the occasional passages which
are purposely intended to confuse the
seeker after knowledge regarding
money.
"The central idea of 'the American
money system," says Prof. Cleveland,
"is the 'dollar.' What is a dollar?
This question has been the subject of
volumes of discussion. The answer to
the question has become involved in
a wilderness of theory lost in a maze
of abstractions as a result of which
the reader is led to believe that there
is great difficulty in understanding
just what a dollar is. Fortunately we
do not have to read all this litera
ture and wrestle with all the hyp
othetical problems propounded The
whole matter is settled by one sec
tion of the United States statutes.
Tne act of February 12, 1873 (Sec. 14)
establishes '25.8 grains of gold' 900
1000 fine (or 23.32 grains of fine gold),
which bears the required stamp and
Impress. The statute says that this
IS a dollar not that it resembles a
dollar, or that, for the purposes of
discussion, It may be ' considered a
dollar, but that it IS a dollar. Fur
thermore, the statute again avoids all
controversy about how much a dollar
is worth; it simply says that the dolr
lar (the printed piece of gold con
taining 25.8 grains of gold 900-1000
fine) 'shall be the unit of value'
in our money system.
That ought to be materialistic
enough to suit the rankest Marxist.
First a "dollar" is an "Idea" a "cen
tral idea of the American money sys
tem." Second a "dollar" is 25.8
grains of gold. Gold is a material sub
stance; therefore, an "idea" is a ma
terial substance.
All honor to the congress which
enacted the act of February 12, 1873!
Some unfeeling wretches have allud
ed to it as the "crime of '73;" but they
know not what they said. That won
derful act cut off all discussion and
rendered worthless those volumes of
discussion attempting to answer the
question, What is a dollar?
But why did congress stop there?
Why did not it enact that "the yard
IS a piece of wood 36 inches long"
and thus cut off all future discussion
regarding linear extension in space?
Why did not it enact that "the hour
IS that space over which the shortest
hand ol the clock travels between any
two of the numerals?" Why did not
it enact that "the pound IS a piece
of brass 16 ounces heavy?" .
Of course, Prof. Cleveland purpose
ly confuses "money" witn "com"
because we should hardly expect a
Ph. D. to be so ignorant as to believe
the rot he has written. He certainly
knows that a "pound" is a quantity
of the force of gravity, chosen by
authority to be the "unit of weight,"
and that a pound-weight may be made
of any convenient substance upon
which the intensity of the force of
gravity in action is exactly equal to
the "unit" chosen. He knows that a
"yard" is a chosen quantity of lin
ear extension In space; but that a
yard-stick may be made of any con
venient substance having linear ex
tension exactly equal to the "unit."
Indeed, it Is possible to construct an
appliance for measuring "yards" ' by
setting pins at the required distance
apart.
"Dollar," the name of the "unit"
in our monetary system, is simply a
terra by which to express or utter the
quantity or intensity of the force of
demand chosen by authority aa the
"unit." Hut "dollar" is also the name
Riven to certain coins. Confusion of
the two mm'd of the name "dollar,"
lead to the absurdity that a piece of
fcnM in the "unit of value;" because
if that b true, then AM. roH in ALL
value, or pold itself I value.
Strangely enough this gold unit,
of which Prof. Cleveland makes so
much, is not now coined at all. The
first gold dollar was coined in 1849
and the last one in 1889, the total
number being in the forty years of
coinage only 19,499,337, or scarcely one
to every four inhabitants. When
these are finally worn out or lost as
they must be, in the very nature of
things then, if Prof. Cleveland's ar
gument be correct, there will be no
more "dollars," no more "units of val
ue," because the United States has
quit manufacturing them! "Value,"
too, will then be extinct, because
tnere is no 25.8 grains of gold which
"bears the required stamp and impress."
Dr. H. H. Morrison, Greencastle,
Ind., asks The Independent if "A'
History of Monetary Systems" is Del
Mar's best and principal work. That
depends altogether upon what phase
of the money question you desire to
study, if you care to learn the tricks
which have been played by the usury
sharks, read "Barbara Villiers." If
you want clear-cut reasoning, read
"Science of Money." If you care lit
tle about foreign history, read his
"History of Money in America." The
title of each book indicates the gen
eral range of the. subject matter. It
is difficult to say that any particular
book is the principal one; they are
all parts of one great whole.
SOUND SENSE.
A reader of Hearst's Chicago Ex
aminer recently wrote the editor of
that paper the following letter, which
was . printed 'with other communica
tions, and which sums up in a very
few words the populist position on ,
money, toi. Herrick sees clearly that
the only real redemption is when the
power that issued coined money re
ceives it Lack in payment of dues to
that government. He says:
"To the Editor: Your editorial on
the subject of the power of issuing
money hits the greatest danger that
threatens the people The power to
issue money and fix its value is the
supremest of all monopolies, and the
framers of the constitution, recognizr
ing its danger, granted to congress
alone the right and duty and power
to do so. They never contemplated
such a thing as the coining or issuing
of money by any private individual
or corporation, nor even by a state of
the Union. Congress clearly has no
legal authority to delegate a power
especially ' granted to it and to no
other body. Why don't the people cry
out against this Imminent danger be
fore they become bond servants of
some Rockefeller?
"On what better security could mon
ey be issued than the power possessed
by congress to tax the people and thus
lay the whole country under contribu
tion, if it should be necessary to use
such power? The necessity for a spe
cific ownership of assets for redemp
tion purposes is not apparent. Pro
vided the government accepts its own
money, and no other, for all dues, all
questions of redemption will settle
themselves. Let the people in time
beware of the imminent danger of
private banking corporations under
the misleading name of national
banks. J. HERRICK.
"Chicago."
The "redeemers" declare that the
sheriffs and grand Juries are all over
worked and that they should take a
rest.
The penalty for the crime with
which Auditor Weston is charged, un
der the Wyoming statutes, is; "Shall
be punished by imprisonment in the
penitentiary for a term of not to ex
ceed ten years or by Imprisonment in
the county Jail not to exceed one year
or by fine not exceeding fM.OOQ, or
both."
Stroke Shattered Mjr
Nerves.
Gave Up Preaching
For Two Years.
Dp, Miles' Nervine Put
Me On Active List.
Are you well? Do yoa sleep well? Do
you get up rested, fresh and vigorous? 1
vour mind clear and active? If not read thfc
following. See what another has suffered
and how he recovered. "
"Some years ago I was afflicted with sua
stroke which left me with a shattered nerv
ous system and exceedingly poor health. I
suffered terribly with pain in my head, the ,
top of my head would fed hot I coud not
study, and after strivin for two years to
wear the'trouble off, I was compelled to give '
i 1 i . rl
up my iiaswim uuui ituu icure I'J my laini ,
where I spent nearly two years trying to re-
cupcrate. It was ell of do avail. Physicians'
treatment and patent medicines failed to re- '
lieve me. 1 was exceedingly nervous arid
irritable and sometimes would shake terribly.
I could not bear any noise. At the least ex
citement the blood would rush to my face
an) Viii4 T'urrh vra envst T wac I vAn sA tut,
try Dr. Miles' Restorative Nervine. , After
using one bottle I could see improvement in '
my condition so I continued taking it for '
nearly a year. I am happy to say I no 1
longer have those pains in my head or nerv
ous spells. My appetite is pood and I am
able to preach three times on Sunday with
out fatigue. I consider Dr. Miles' Nervine
the most wonderful medicine ever discov-,,
ered." Rev. D.Alex. Holman, Pastor U. B.
Church, Marion, lnd. : -
All druwist3 sell and guarantee first hot- '
tie Dr. Miles' Remedies'. Send for free book
on Nervous and Heart Diseases. Address
.Dr. Miles Medical Co.. Elkhart, Ind.;; , ;
The republican policy seems to ba
to tax consumers all the traffic will
bear through tariffs and then try to
Keep It golnff by ship publdi-s.
"Ketch 'cm cumin' an goln'," u the
do trine.
WHAT to I1EAD on SOCIQLISU
A kwv l thill , 'IMt.l U
d.itl vfturl4llm m u It ! tll lit. 4M
JtJ U l tr m r h A
lolrml -.. M- I
trmt Ihluj M DwftMlt.tM." ! to
I! i f eMt.H or l .! l'.- tit
IbU.1 (ii Una hih ttr Hk )utlrlU Mr,
I .!. Mkk.tvkt. f 44rl to, l'itiWr, hiW
., it M4. 4 Ml til' MU4
lot 'f o!h rttir t-rr kMr4
Handv Pocket Account Book
counts lo buln form suitable for crcUoary newts.
Firmly, nicely bound, rocket nd flap. Regular prloo
50c. 'l e 1st of Jan., 1904, 40c postpaid, end M. o. or
5!c stamps. Full descrlpton on application. Aenu
wanted, f. O. Johnson, Pub., Marlon, iowa. bpleu
did Christinas em for a gentleman.
Liva S7.
vivvn Mg jf
mission
Kye & Buchanan Co,,
SOUTH OMAHA, NEBRASKA,
Test poEsible service in all de
partments. Write or wire us for
markets or other information.
Long distance telephone 2303
I To the Farmers of
I Nebraska:
Do you know
that you can
get elegant
robes or coats made from the
horse or cattle hides you sell to
local dealer? Write for particu
lars or send your hides to
THE LINCOLN TANNERY,
1
5 Henry Holm, Prop. 3i3-35 O Strut, t
Lincoln, Neb.
WANTKWOU Afients, Rood, reliable, enorsretlc rmm
to sell our J'tgn l.rado line ot lubricating Oils,
(;reass, l ftttlnir, also hoof, IJarn ani lions 1 aim,
V blto i eatl. etc., either rseiusively or as a Mde Hue,
locally or travelling ua commission, ipcclallj totli
'lortahlntr and farmers 'Iradd.
Address lhe Industrial Ull k iupplj Co., Cleveland
(.olo.
WHS
f COLUMBIA
NATIONAL
BANK
OP LINCOLN, NLBKASKA.
!
t
w Hides, Wools and Furs
T Thos. McCulloch.
CSTAIISHCO 1070.
Tbt cldnt rnUMhr d hide bo In Nebraska. Tayt Hyhut market
f rlctsi. Mak irompt tt turn. Write for ptkt and hipping lag.
017 Q STREET, LINCOLN, NEDRA3KAr
Capital, $100,000.00 i
jt I)cpo5its, 1,350,000.00
j ' OKFICKILS
! Joun It, WuHMir, rrrsiJent
J J. If. WfcxmrrT, lt Vice Trei.
'4 Jur. Sit ! I'd k Trpi.
1 1 r. Is. lUu, Caahbr
I W, It. lUm, Amt. Ca4br
ritronUt our dTertlr.