V
THE NEBRASKA INDEPENDENT -
OCTOBER 6, 1904
PAGE 2.
(
profit, "business men." The peanut
vendor on the street corner la a ' busi
ness man," according to theso wise
ones,. but yqu farmers, who&e capital
mounts up into the thousands, whose
concerns require more intellect,
sharper watching and good judgment
to make . them' successful than al
most any other vocation, are not "busi
ness' men," in the eyes of the banker,
and you and your interests are never
taken into account when the business
affairs of the nation are under con
sideration. That is as foolish as that
"other assertion that you shou.d leave
all financial affairs to the ccntrol ot
the 'bankers. Not one banker in a
thousand has any nowledge whatever
concerning the great forces that domi
nate all business, and which arc em
ployed to concentrate the wealta that
you and he produces, into thu hands
of a few men down on Wall street.
The average banker thinks he has
covered the whole field of Uuancial
wisdom when he becomes expert In
deciding who "is good" and wbo is
not "good" in the immediate field of
his business. He is a great and wise
banker if henever makes bad ioans
and has an instinct which always tells
him Just how much of a discount a
man will stand on his note, and goes
to the limit in every deal.
Green Goods Men
But there are a few of the greatest
intellects in the world engaged in
banking. These men never indulge in
any Insanity about "inntrinsic value,"
ttJfr telJWtV'., put of
which all money must be made. SuCh
things are only part of thir stock
In trade the "green goods," out of the
peddling of which they accumulate
their fortunes.
First let us give a hasty glance at
the amount of the tribute th people
of United States pay to the "money
power" as interest on this credit or
mythical money.
Not including the trust companies,
or the savings banks the repoil of the'
comtroller and the report of the state
banks and these latter were not all
Included the people were paying at
the close of 1893 Interest on the vast
.sum of 17,504,840,040. That is, llrese
bankers were getting interest on that
above the amount of the capital." That
Is the size of their "graft ' They
were getting interest on that amount
of money that did not exist, wnlch
jthejr never had, which .was a myth.
They" caii "it ""bank 'credit.' - If we
count it all up, we will find that the
banks of all kinds had loaned and
were getting Interest on $l0.1t cents
for every dollar they ever had! That
is what, they call "sound money!" The
"sound" is the only thing there is
about it. (Applause.) It is so ctnerial
that It would would not even cast a
shadow In the brightest sunHstt.
V Fanciful Finance
Now that we have been drawn into
this maelstrom of fanciful finance, it
is no easy matter to get out. but 'if
-Wft-lft-nftt,Igt-i)mt-.jtft -Will jJl sink
beneath the rushing waters, and If we
ever reach the surface again abd live
and prosper, it will be after we have
constructed the ship of state with the
plan in view that the whole crew" shall
be taken care of and not all the good
things go to the card sharps who in
fest the cabins.
The first thing to be done is to
force the banker, whether in laige cities
or small, to keep at least 25 per cent
reserve, if he is allowed to loan four
dollars where he has only one that
privilcdge is enough to pay him well
for all the services that he renders
society. He must at all times have
that reserve in his own vaults, not
loaned to some other bank and out of
his control. Under the present sys
tem there are practically no reserves
at all. Your banker here sends his
reserves to Omaha; the Omalu banker
sends them to Chicago, the Chicago
banker sends them to New Yo.-k where
they are finally loaned to the stock
gamblers on Wall street, and when
there is a panic in. stocks, the whole
row of banks go down like a house
of cards.
I nn.it ion
uu urvn an enortnona ln-
nauuii or Danit credits as weh as a
irrnulni I . . .
iiioney t circulation than uns evrrv
nm wu in nisiory in tho Hurro Itimih
or time. Tho republican party hns
ruined morn silver in the la.,t lew
ynus than wa ever coined btfcirc In
lllA tt-lliia I. .....II. . .1 ..
"v -Kin in unif. i no output
f KoM tho Krtwt (.Vit li'irnvn
and nt.t mUhMihI with thM, that tarty
has inrrea. t,,0 i.nnk t Imilftfti.i: m
one art by allowing Dio riatiurul mnU
to lit ten r cent morn oi.vu'i.i.iih
tm thrtr Intuit andJn am. Hit allow.
ln banks to In Martcd nuy v.licro
fhat thev cu!tl ral $1Vmr yiy
dcnntinrM biiaus.. wh n hfj bad
d.-stroctl nil th crrdll imuaV and
wi-re f 'vcrywnere RarrllWIriff va bl
property to get a few dollars wiih which
to pay their debts, we aaned for more
money. Then they, in defiance of
every doctrine that they had preached
lor years on the stump and m their
whole press., began to inflate the cur
rency as it was never inllatea boiore.
What would the old "hard money!
men of the sixties think" of-making
a paper bank note a legal tendei i But
that is what they have done wun ine
notes of the national banktxb to a
very great extent. Now we an; in an
era of bank money, government money
and banK credits. How art we to
get out? Must we submit to another
iinancial crash? Must prices again be
reduced to the price-level of lo'Jj with
all tlie accompaniments of Bank
ruptcies, suffering, sorrow, insanity
and suicide? You all rememhei " those
times. - They followed swiftly upon
the order irom Wall street to l educe
loans and call in those outstanding.
You remember the day when bann
credits disappeared. You can recall
the time when corn went down to ten
cents a bushel and railroad freight,
taxes, interest and debts remained the
same that they were when corn sold
at 40 cents a bushel. When you rode
over these prairies the smell ot burn
ing corn was always in your nostrils,
for it was cheaper to burn corn than
to exchange - it for coal. You tried
it. You hauled a wagon load of corn
to town and exchanged it tor coal.
You used the coal sparingly and only
burned enough to keep you trom
freezing. Then yoil - HAulecu a wagon
Idar'o6rnnhWrw-ttw
that. You found that wagon load
of corn lasted longer than the coal. Do
you want those days to return again?
(cries of "No") They will return ana
in a more severe form unless this na
tion adopts the populist principles of
finance.
. A House of Card
Suppose you sfop this creation of
"bank credits" by making the bankers
come back to the old tried, prctea and
scientific method of banking, ana force
the bankers to keep a 25 per cent re
serve. What will happen? At least
two -billion dollars of this ban credit
will be destroyed. The effect will be
nearly the same as If that amc mt'Of
money was taken from the ; business
channels of the country. Disaster
would .come trooping on the heels
of disaster faster than it did In 1893.
(A voice: "What shall we do? ') You
must adopt the populist system of fi
nance. Curtail these bank credits grad
ually and issue government money: to
take their, place. It is either that or
a financial crash. This system that the
bankers have built up , is a huuse of
cards. A little flurry in Wall street
makes every banker in the union turn
pale, outside of the few down there
who control things. They Know the
whole thing is a bag of wind. Any
thing . out of the regular order sets
the banker to walking the floor. A
few months ago when government 2s
suddenly shot up to 111), the bankers
kept hot - with the Inquiry: "What
does it mean?"
Republican Inflation
This enormous inflation in money and
bank credits can have but ono ending
under the present financial system.
From the days of the Dutch tui.p craz6
to the present time the same horrible
scenes have been enacted over and
over, again and again. There is no
way of escape. It can be tii2d with
more tremendous force now tnan ever
before. The financial monsteis who
manage these things acquire knowl
edge from generation to generation
that mal es them more proficient.
The effect is always to ad;l to the
great fortunes. Who suffers? Those
who are In debt. The men who con
trol the money can press down "the
crown of thorns" as hard as they
choose upon the heads of th ).se w ho
arc in debt. If you owe any thing,
your house, your horses, your attie,
arc taken at one-tenth their fv)rnier
price to pay the debt. T't real
wealth of the country passes int the
hands of the few who eon.r il the
money. This sham of n sold standard
was planned for th purpose i,t expe
diting th mutter to enable th llnnn-
ial devils to press down more venge
lully uiwm the crown of then. To
that end they have manufactured sev
eral kinds of money. Th v hnv
creeled a hnm that they cnM th
"trold ntntidnrtl" and Judtre Parker says
that It h "Irrevocably' fast'nnl tm
the human we. Involution t ,x and
Cod surrenders bin omnipotent lower
at tho (otnntatul of th d nunr tutle
numluee, f there wn nn nth r timn
ev In thi country If mtHu.M but
etdd wni tt let'nl tender there u.ihM
le sumo bonefdy In thh elnlrj. Il.it
Mllver, prreenkiek and natlor.M bunk
m.ka to a errtnin exleui are row Jn;il
tender. When tlie-e V.'lUI .t i t "in
iniNuriei of Palan ga ready it "eru-
cify mankind" again, in that day you
will find nothing but gold legal tender
and they will have the gold. That is
the object of this "irrevocable" gold
standard.. , . .
. ' . . Pay the Penalty
- There is : only one way to mitigate
these evils.: The people must pay the
penalty of. their stupidity to some de
gree, but the cloud that overm.ngs us
will burst the floods will come. What
shall we do with these men tut (cries
of 'Hang them") No! No! You can
never right one wrong by committing
another. Few populists believe in cap
ital punishment. All that wc propose
to do is to stop the tribute, i'ay it no
more. Let them keep then- stolen
goods. But stop their stealing. . Pay
no more interest on money that does
not exist. (A voice: "But yon said
that we 'could not do without it that
a panic would ensue if it wire de
stroyed.) Make some good govern
ment money to take its placo money
that you will not have to pay interest
on before it goes into circulation..
(Cries of "That's right.") Now don t
get excited. ; Keep cool and we can do
better thinking and reason more logi
cally. (A voice: "Oh! you want cheap
money." Another voice: "Tiut's the
man who went round with patches on
his pants shouting for money good in
Europe when he hadn't enough to get
into the next county with." Another
voice: "He's a mullet head. ')
Inborn Instincts
Mr. Tibbies: Please don't get so
excited. JL never could find a reason
lEhxjmen get so excited when discuss-
born instinct which causes every man
to feel tht this is th3 fundamental
thing of civilized life and that always,
the money question is a living
question. (A voice: "That's right."
Another voice: "It is not a question
at all in this campaign.") If you
will get the edge off from your nerves
and be quiet, I a will tell you a story.
Cheap Money
One time, in the years when wc were
selling corn for ten cents a oushel, I
was standing at a station awaiting a
train. It wa3 one of those daya when
the wind penetrates every garment and
My Dollar against Your Doubt
1
This is not philanthropy. Simply tb&t I know how Dr. Shoop's Restorative
; cts gn the Inmost nerves the rower nerves the nerves that control the 4
Vital organs. Simply that the passing years have furnlsheil such abundant
proof ofita value that I am wllllug to spend a dollar on you or any other
sick one a hundred thousand dollars, It need be, that you and others rony
learn beyond doubt or distrust or dlNpute the power of
Dr. Shoop s Restorative
If the worries of business have left their scars on your good health; if cure
less hslitts have made you a wrerk; if your nerve, your courage lswanlnc;
if you lack vim, viRor, vitality; If you are beginning to wear out; if your
heart, your liver, your stomach, your kidneys, mfoibehave tbli private pre
scription of a physician of thirty years standing n ill strengtheu the ailing
ncive utrfngtovn them harmlessly, qulrkl, surely, tilt your trouble dis
appears. . N
Inside Nerves!
1 bi-ad m Hi" im rr Urn em ann i n a a mn.
M ttn .'J t. tn-ai 'h aillnv nritan h Irr. 11
nlar rnsrv.iU"di rfit lir Ui fi.ii!l"i t..m
a. n -Ui U-rii!l "' l t'iei'"
I'.ui t" t- He B'lfi n i.nut Hum Ibitu
j..tt lU t!f iit "I U imuIiIiv.
tkMtan.ihlii ab-.ttlhi. rti)it i.t-ni
rim ,.ulit l'l'tn. i til I fi'iiialiu-4
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miTf f-'if"" ,". ......
L lVrihi in IUI4 4 m lr-U u4 i-i4uif1
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tti tsutu.
onlf one out t e-ri iw ha prr frt lunliti 'l ihe ,,r;l , ' , i awn i u,r
sua S..HIO r i.m null s.i.l iuil . liui !... ! 11..1 r, ,'r " t"arf?U Vtl,"Mllnnf
IT nt emirs rr'm i-o.iiii.m f u. i ntt vi r. ' ' ,u "UI ,r"ti rt- lwmi mh i,w
l ut "h iTrvrs liat.Mi...l.1M ami im..ii.i.liM a4 ' , , ' " t i;r.n. r.. '. J"' "n
seems to go to your rery bones. It
was mid-day, but the sun had riot
melted the frost that lay on the rail
road ties. A farmer came -tip with a
load of corn about 25 bushels. It
was in the ear and he proceeded to
get a scoop shovel and threw it into
a crib that stood along the side ot the
railroad track. After he had shoveled
out the corn, he drove his tzem over,
by the elevator where it woula be
sheltered from the wind. Then he
took a dinner pail from .the wagon
it was. a full"" dinner pail, fil.ed with
corn bread, salt pork, potatoes and
things of that kind and sat doAn to
eat his dinner. As I saw him .sitting
there, his lips blue with cold, I could (
not help pitying. So I went over to .,
talk to him The conversation was
about as follows:
"How much do you get lev your
corn?"
"Ten cents a bushel." '
"Do you. think that is enough;'" ,
"No, I do not."
"How much do you think yju ught
to get?" '
"I ought to et at least Z') cents
a bushel. But I don't want to talk to
you. You are one of those fehows that
believe in cheap money and i don't
want any cheap money in mino."--
"Why you have just said that you -wanted
money as cheap again as it is
now." .
"There you ar. Anyone couid tell
that you were one of them pop luna
tics. I never said anything about
money."
"You said -a that you, ,-OUghU.to get .
20-ceat. .ccJisirjrpur.;Cor9 ana
that you only got ten cents. ' Money is
so dear now that one dollar w'll buy
ten bushels of corn and you want
money to be made so cheap that It
will only buy five bushels. Don i you
dee that you want money one half
cheaper than it is now?" , : ,
"No, I don t. I want sound money.
I don't want no cheap money I want
dear money money that you can buy
some thing with, and I want 20 cents a
bushel for my corn." ; ,
Now that sort of confusion of ideas
is very prevalent. It 4s impossible to
reason with a man who is in such a
Without expense, or deport, or
promise to pay, I offer to give any
'sick one a full dollar's worth of
Dr. 8hoop'a llestorative.
Not a '. mere sample a regular
standard dollar bottle from your
druggist's shelf. ' ;
There are no "ifs" or 4iand?." The
!ut t bt not sk you to uk a Hub I,, sian-snenl nf
ml ! I do nt ak ;..u i. a , Mf
Simply Writ M.
i.ui 7011 n. fii.1 xm r..r lh fr -b .L.iUr rifc
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