FEBRUARY 18. 1904.
THE NEBRASKA INDEPENDENT
( .
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few games of chess with a man I have
long known and who has been a mem
ber of the club for ten years or nioie,
who said to me as he was, about to
go: 'I find that I havo come away
without my purse; have you a five
dollar bill about you that you could
let me have.' There are thousands In
New York in like condition. The
break-up cannot be very far oft."
Rockefeller owns pretty much ev
erything in New York and he is tax-
" ing the very life out of the poor slaves
who live under his dominion. Just
at present he oppresses especially
. those who use ga3 for light and fuel.
He made a "benevolent!' consolida
tion of the twenty-six gas compauie3
for the purpose of "reducing ex
penses and lowering prices," as all his
hirelings who" edit papers here de
clared. -Now they have to pay twice
as much for gas as they ever did be
fore and he furnishes thenTwilh cheap
water gas" instead of the coal gas
of high , illuminating power that they
once got". If a man says he will not
use gas, but coal oil, he finds that has
been nearly doubled in price during
the last few years, and that he must
get it also from Rockefeller. ,lf he
says that -he will use electricity, he
soon learns that that also belongs to
Rockefeller. Yet these men think that
; a populist who would show them how
to escape from the power of this tyr
ant, are such dangerous cranks that
they should not be allowed an oppor
tunity to give their views to the pub
lic. Of such are the mullet heads of
New York. . .
, A report made by the board of trade
, of England shows that 1,629 compa
nies failed in that country 'ast year,
involving a loss of $321,352,270, which
. is producing suflering there similar
to that in New Yorlf. But while we
have a "department of commerce,"
with a cabinet minister at the head
of it, no information concerning fail
ures or their amount is g'ven out.
That department is as much the prop
erty of Wall screet as. is the treasury
department. If the actual facts were
known, they would" be appalling, and
it would be very difficult to stave off
a collapse until after the next presi
dential election. y -
that the president has been used, and
all his strenuosity employee, to ac
complish the purpose. Within a few"
days $30,000,000 that have been taxed
out of the people will be handed over
to these Wall street millionaires, and
we will be no nearerTiaving an isth
mian canal than - we were five years
ago."
This has been accomplished be
cause the press here is owned and
controlled - by Wall, street, and the
men who knew the facts and were
willing to tell them, had no medium
of communication with the people.
Had any hireling editor of a daily pa
per in New York even hinted at them,
he would have been instantly dis
charged. T.
It has been shown by figures re
cently published that Rockefeller's gas
trust here pays 8 per cent interest .on
its stock, which has been watered
over 500 er.cent. Still they continue
to "vote 'er straight." '
-. Tammany continues to be very, very
good. Even Jerome," the prosecuting
attorney of the Low administration,
says: "I believe that Tammany has
got' gambling down to the irreducible
minimum." But the tiger is living on
skimmed milk and it may grow vic
ious all at once.
PANAMA CANAL BONDS
The GoTerimtnt d Epecllly the Pies
ldent Used Tools for a Big: Wall
Street Speculation
New York, Feb. 9, 1904 (Editorial
Correspondence.) To prevent a panic,
the big banks here have beon foiced
to tell the truth about the I'anama
canal deal. The Independent informed
its headers of the facts a year ago, but
as far as known not another paper
has published them until this morn
ing, when tbe great New York dail
ies were given permission by . the bank
presidents to wint them. About a
year ago The Independent, having re
reived the information from parties in
a position to know all the facts, told
its readers that the plan to pay $40,
000,000 for the French claim to tbe
Panama canal was as criminal a swin
dle as was ever worked upon the
people of the United States. The
truth about it was that a lot of Wall
street speculators had bought up the
French canal londs for almost noth
ing, leaving only enough of theni in
the hands cf French citizens to woik
tne game" siu'ceHSlully. The fceretary
of the treasury having Informed the
banks here thit he would withdraw
lu a few days $30,000,000 of the gov
ernment money deposited In the
banks to pay the French claim and the
I0.ouo.000 that is to go to I'anama.
there was a distinct flutter and Kom
lan.or of a run on the New Yoik
bank. To top this run the lank
presidents, wera fmcel to announce
that th la i-rt tnd.N Frcmh claim wa
In fact a Wall street claim, and Hint
the numoy wovhl not h taken from
tho tank at all, bt almplj traiM
f it red, on the Unka from th govern.
xmu to th owner of the canal
IhiIIiU.
The truth about tlb wholt lut
fees I that a fw Wall tre't men,
tut to exceed fourteen, furt.n 1 and
worl ed out tht plan to nuke al nt
3o,0'ii.i't'U out it the sovernuirnt ms4
Mr. Hearst -WIr. Bryan
Editor Independent: The New York
American (Wm. R. Hearst, editor and
proprietor) asl s:
"Could an iniquitous; trust-protecting
tariff exist, with its abuses, if
workmen united against it?"
"Could trusts exist, if the working
men voted to kill them?" (Jan. 6,
1904.) , ..
It is now certain that Mr. Hearst is
to be a prominent candidate for 'the
nomination for president in the next
democratic national convention. It is
also certain that. Mr. Bryan and -Mr.
Hearst will workUogether in the next
national convention of their party.
They arc both democrats, but they
are not both dike. Mr. Hearst is much
more in favor of an Income tax and
direct taxation upon wealth and in
proportion to wealth than Mr. Bryan
is: but he is not so much in favor of
free coinage of silver as Mr. Bryan is.
This would make him (Hearst) more
acceptable to the east. There are cer
tain prejudices against free coinage
of silver here which are hard to get
over. The common people do not un
derstand what "free coinage" means.
They do not know that we are living
under free coinage of gold now; and,
if some of them do know it, they can
not see any danger from it. They are
unable to comprehend that if free coin
age of silver is aangerous, fiee coin
age of gold Is equally dangerous. Much
less can they understand that cvou if
free coinage of gold is dangerous, fiee
coinage of silver mightact as an anti
dote. In other words, the whole sub
ject of monometallism and bimetallism
is a dark subject. This ought not to
be so, but nevertheless it Is so, al
though everybody ought to be able to
see that if free coinage of gold . is
right or expedient, free coinage of sil
ver must be equally right and ex
pedient. - Mr. Hearst and Mr. Bryan are both
inclined to free trade. In this respect
they are alike. But, if we have free
trade, how is the government to be
supported? (I refer to the federal gov.
ernment.) Mr. Hearst is opposed to
a "trust-protecting tariff." So are we
all. But is he opposed to a tariff that
protects American indiKtr.es . (as
against foreign industries) ? Does he
propose to remove all tariffs, that
protect our industries and leave a lot
of tariffs that are for revenue only?
If so, he is not in favor of free trade.
We have a tariff on raw sugar which
is about 100' per cent, that is. 1c
a pound, which doubles the price of
sugar to every consumer, ana enauies
our producers to get a higher prce
for their sugar.
About one-half of the tariff on su
gar i3 for protection and the other
half, of course, is for revenue. If Mr.
Hearst is in favor of tariff for revenue,
only and opposed to tariff i'or protec
tion only, he would take off so much
of the duty (on sugar) as is for pro
tection and leave the other half on
for revenue. The republicans, those
who are In favor of tariff for protec
tion only, would remove the whole
duly on sugar. If they should act true
to their platform. But the trouble Is
that republicans vote first for a small
taiiff on sugar for protection and then
for more tariff on sugar fcr revenue,
so that In the end the taxpayer, that
is, tho consumer oLsugar, lu com
pelled to pay a very hlfch price for hli
sugar. What doc Mr. Hearst pro
pose to do about It?
What we want la a president who
will Insist that If the government
must have revenue. It must be ob
tained by an Income tax or some other
kind of tat upon wealth; and that If
a tax upon wealth cannot be inaug
urated, thm Ul the present eyhm
of taxation remain aa It . Thta will
leave he tariff a t h, until the peo
ple can rlett a president who will
give tlo-m a tliret t tax on wealth.
Mr 1U'.m's objection to a tariff on
the ground tbit It eruouagin trtwtsi
It nut worth (or.slderlfiif. although
thiii objection la frequently ma le by
imoirata. If we should put the Vm
octal Into power, thy wouU at one
ensut hH;h tariff Jut lea, an-J then at
tempt to Justify them on the. ground
that they are tu t wary fur rm-nu.
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These high duties, although for rev
enue merely, would encourage trusts
as much as if they were for. protec
tion of our industries, it is not worth
while, then, to consider Mr. Hearst's
objection to what he would call high
protective tariffs. But it is worth
while to consider his second question,
namely, "could trusts exist if work-
inginen voted to .kill them?" Wc say
No to this, but there has never been
4 man yet who could , unite working-
men in politics. At the same time
it must be confessed that Mr. Hearst's
following, here in the east, comes
from the workingmen. They are form
ing clubsfor the purpose of pushing
Jiis candidacy. His newspaper in New
York stands for the common (or
plain) people. He is fighting all the
trusts vigorourly. He has exposed
them as get-rich-quick concerns. lie
has commenced sTlits against some of
them in the courts, which ha3 done
much good more than any newspa
per can do; nd it is no wonier that
the worklngmen are turning to him.
He has advocated a graduated income
tax, which is also drawing the com
mon people to hlra. They can eoe
thai, a tax upon the Incomes of ilrh
men would Jo rau-h to dbcctnar.e
trusts, much more than any modifica
tion of tho tariff wouKl do. I' or this
reason, discussion about tariffs ai;!
trusts ought to be- dropped and the
public mind outrht to be directed to In
come taxes and trusts. Lut this m cms
Impossible, because all tiie l mcrat,
whe ther they belong to'one cr tbe oth
er wing of tho party, are agreed to ro
before the people on a Un3 for rev
enue, only platform, tip-m which tfe
republicans will Join lsuo an.l thereby
continue an obi dSat usjuun vthU h tom
niencej In 1 SS aud baa lasted) evtu-ty-tivo
years.
The Bturablln block of Mr Jle.mt
will be tho tariff. If be allow b!m
lf to Kt Into a controversy wlih
the republl ins alymt the tnnti ati!
tho tariff, h will le the ni'trt of
th worMnRtee'i t.t r In the i ,t-t f nt
Mr. Ilryan UIt. .It wal I ttupol
bin for Mr. llcnrtt to M.ow bn the
ell of the trust can ! r mriHcU by
a tmtl()i-ation of tariff 0utii tax f.fr
tltjn xhIs. Hut if be M shift llo
argument from tanffs to income taxes
and the trusts, he will then have an
argument that will appeal to tbe com
mon people.
Mr; Hearst will find it very difficult
to get the nomination of the demo
cratic party at St. Louis. AH the al
lied powers of Cleveland, Olney, Gor
man, ' McLean and many others are
against him. But Mr. Hearst ought
not to have the nomination unless he
represents something better than "the
older leaders of the party. He ought
to be able to show that he stands for
a better, a moro progressive democ
racy; that he really represents the in
terests of workingmen. How can he
get the confidence of the common peo
ple by paying that he proposes to kill
trusts by removing the protective tariffs?-
Would not the ordinary-woik-ingman
say that in the work ot kiiiing
trusts by killing protection, the work
ingman himself would be killed?
Whereas, if Mr. Hearst would under
take to kill trusta by a direct system
of taxation upon wealth, he would
have every workingman on his side.
JNO. S. DE HAItT.
Jersey City, N. J.
Samuel W. Williams, Ylncenncs,
Ind.: "I note with pleasure the prog
ress you are making. There ire more
resjonses than I had hoped for. Ine
enrolled members Should be HbcraO
and frequent In their contributions a
that you coul J afford to employ cleri
cal assistance necessary to keep up
with the work I enclose you $1 and
will couUnuo to contribute,"
J. It, White, Thornton, Tex.: "En
roll me aa one ut the OH (Juard. Slncu
the day of Peter Cooper I have been
In the reform ranks ami never fuml
but time. I voletl for liryan tho fir,t
tune muter protest. I vot't for Mm
then to jet to vote, fur Tfiu Wataon.
1 am In my Ur, year and (u 1 I fH
(U that I bad In tu!ue4, therefore
am t't n! lo to help th t&wa any Hi
n flnniu Ul wny. My living vl p nin
upon sny lit!r aud I aure you th&t
the fiitm'e I dirk with tne. but wlnt
evil I ran do, will be vlon for iho
!um of reform, 1 aru witf. jiut la
the IjU dlhh,,
I
