OCTOBER 6, 1904
THE NEBRASKA INDEPENDENT
TAGB 3
fog. What we shall do to enlighten
such a man is hard to find out. (A
power to "regulate the value of mon
and let him go.")
Government Money
Your kindly interruptions have
driven me from my theme. I wanted
to try to convince you that the only
way out of the tremendous inflation
that the republican party has brought
upon us, without great financial dis
aster, is the enactment into law of
that plank in the populist plailorm
that declares ttat all money shall be
Issued by the government direct and
in such quantities as shall a3 far as
possible, maintain a stability in prices.
The constitution gives to congress the
power to "regulate thev alue of mon
ey" and that power can only bo txer
cised by controlling the quantity.
There is not a political economist in
any part of the world who denies the
quantity theory of money. 0.ie might
as well deny, as Prof. Walker pointed
out, the law of gravitation. Tic fiuctu
atlon in prices is what brir.gs luln
and bankruptcy, and "price," is alue
expressed in terms of money. To re
pair tfte wrong done to labor and in
vestments by this sudden inflation,
without bringing ruin to tho farmer
and other producers and especially to
debtors, is the problem that is pre
sented to us. It can never be accom
plished under the present system.
The bankers will continue tbvir infla
tion. They already expect to get an
act passed to allow them to issue more
paper money, based as they say upon
their assets, and their assets consist of
-fba rfofctsr thev owe their dDOSitors.
Tor every dollar smssned, they vntl
create eight or " ten ' dollars mere of
the mythical money called "bank cred
it" We will be happy indeed if the
end of that is not revolution and lioodvj
shed. (A voice: "Let it coma." An
other voice. "He's' a socialist.") No!
No! May we never see sucn a day
as that. We can prevent it. We will
prevent It. This banker's lunacy shall
be checked. Sanity will get the con
trol of things." It will come when the.
principles of' the populist party are en
acted into law.
Blazed the Way
S'ome of you have come all tho way
over the trail. A very few are left
who blazed that trail. There are some
here who travelled from schoolhouse
to schoolhouse, facing the bitine .bliz
zards that came roaring down from the
mountains and thought the labeling
successful if a dozen were theie to lis
ten. There are men here who have
given the last dollar they had to help
hire a hall that some Speaker from
abroad might induce others to come
and hear. There is one man here, who
autumn after autumn spent every cent
he could get together to buy literature
and traveled across the prairies from
one threshing outfit to -another mak
ing ten minute speeches and giving
away his books. There are women
here who saved and toiled and ar
ranged for 'picnics and barbeques, al
most taking the bread from the ruculhs
lor a crowu, i mc oatj -ciriylfDtWZ
Are any of you sorry that you did it?
(A tremendous cry of "No! No!" and
"We are ready to do it again.'')
Mythical Money
The people of the eastern states Lave
had some experience with thrve bank
ers and their mythical money also.
There they played the game a little
different. The enormous amount of
"credits" enabled them to go into tbe
"promotion" ; business upon a dazzling
scale. The 'hundreds of millions of
"deposits" was the basis upua which
were formed the colossal sellouts, and
the daily press, which was completely
under their control pushed uu. their
work by every conceivable device.
They talked about "capitalizing pros
perity," and making it pay dividends
forever. The people were couipifctciy
deceived. There were 179 promotion
schemes floated which sold to the peo
ple nearly three billion dc.Jais ot
worthless paper. Morgan I. 1'ier
pont Morgan you have hears of this
saintly pirate, who furnishes special
trains to carry around the bishops of
his church. 3ld JGSO.UOu.OOO of "sitcl
common" to the people nhlch Is to
day worthless. He Is tho chief finan
cial pirate of the whole country, Gro
ver Cleveland gave him hU first great
booHt when ho sold him $(2,uo0,0ou or
government boruto at 17 cents Icah than
the market prieo,
ThU financial pirating was done on
the money of tho common poopic do
ponitetl in thf banVa and mythical
money that tho banker tttruntlvrs
created. peopl? deceived by
miUlilized promt, took thrlr little sav
ings and bought Morgan worthier
ittxk, Tho poopU now ha little
pie of papir nnd Morgan ba their
tuoney. IV hat to tho rcault? Tho fno
d can not buy at thpy one.! J id. Th7
must live on a lower level. Th- mer
chant can not sell as many goods. The
output of the factories must bo cur
tailed. Workmen must be discharged
and wages lowered. Every eleemosy
nary institution there is crowded to
the doors. Hundreds of men ipend the
long nights on the seats in th parks.
A line of men, two blocks long-, stand
an hour or more at midnight, often in
the drizzling rain to get the poor dole
of loaf of bread. They stand ali.the
day in the market place and no man
hires them. Morgan and other finan
cial pirates have taken their little all.
(Cries of "Shame.") Out here every
man has something to eat, has a place
to sleep, many of our county poor
houses have not a tenant, b'lt down
there,, the starving poor incease in
numbers just in the ratio that the mil
lions of the financial pirates Increase.
The banks down there hav their
hands von every man in hon?st busi
ness. Let. any merchant disobey an
order from his banker, whether it is
concerning the rate of wages he shall
pay or the trust from which ho buys
goods, his loan is called and lie can
not get a loan from any othr oank.
Then bankruptcy. The man In busi
ness does not disobey an order from
his bank. That is what thto system
of the issue of money by private par
ties and the creation of bank credits
has done for the common people ot the
east. From merchant to wase-carner
they are slaves slaves to a power that
they dare not openly oppose, fake any
business street In New York and let
the bankers call in their loans atd the
doors of every house will be closed
UJjt2yfc.i9oiLjrJi' actual
money InftTTrSnaTr ntltriwnlrm
that enables them to exercise such god
like powers. It is this thing they call
"bank credits." Every thing is clone
on borrowed money down there. Even
the great railroad systems hi?e been
heavy borrowers during the kst year.
But it is not real money that they
borrow, it is' this impalpable mythi
cal, immaterial, ghostly stuff, f vnich
I have been talking. -It is sometimes
called "water," and some times
"wind," but either water or wine is a
hundred times more substantial. Yet
it Is more powerful than the hnlsible
currents of electricity that seam the
mountain side. It is the "mon.'v pow
er." . :-' ; -
(Mr. Tibbies paused and a man in
the back of the audience asked:
"What can we do?") . - .
Record Your Protest
If you can do nothing else, ydtf 'can
be one among the millions to protest
You can make your protest a matter
of record where it will be known of
all men. Let 3,000,000 men,, although
that is far short of a majority,- record
a protest at the polls the 8th ot No
vember, and although you do uot elect
a man to office the force of that pro
test will call a halt. Branch "banks and
asset currency will be dropped. It will
cause other millions to thln!k. Men will
begin to enquire what populism stands
for. If you vote for either of the old
party candidates you will be counted
among those who favor the present
system. Do you want to be enrolled
in the ranks of these financial pirates?
it you do not vote at all, you are a
coward, a despicable, miserable cow
ard. It will be recorded of you that
when the battle came on and the roar
of the guns were heard, you slunk to
the rear and hid. But there aie few
Americans who are cowards. They
stay in their fields and their shops on
election day because of the. want of in
formation and the daily press nas fur
nished them very little on these sub
jects for the last fourteen years. Oth
ers, for the same reason, join the
forces of the enemy an&vote against
their own interests. They have oeen
given wrong information.
When the financial tornado swept
over these plains in 1893, few men had
ever given a thought to these subjects.
They knew that when there were good
crops, they got low prices for their
produce and when the crops failed
they got nothing at all. They listened
to the voice of the class that had for
ages robbed them and believed every
word that was told them. But at last
their condition became intolerable and
for the first time they were forced to
think for themselves. At first tney said
that supply and demand fixes the price.
But "price," what was .that? It was
the amount of money that was received
for the corn, wheat and cattle. If
there was but little money in all the
state, but little could be . g'.veu for
each bushel of corn, or each steer. If
there wa3 much money, more could be
given. Then they said that thfie were
three . things Instead of two teat were
able. They said that when prices were
low, wages must be low, for the inan-
nf acturer could not pay high wages
and sell goods at a low price That
the whole product of the farm must be
sold at a low price. They noticed that
the interest on what they owned did
not decrease.- Railroad rates did not
decrease. The salaries of public ouloers
did not decrease. Taxes did not de
crease. It took four times as many
bushels of wheat and corn to pay
the taxes' a3 formerly. The wage-earner,
the farmer, the manufacturer were
all driving on towards ruin together.
So they said: "More money will nake
higher price." The manufacturers can
start up their mills, higher wcggwill
be paidr wage-earners will ' buy "more
goods, the merchant will sell more and
buy more from the manufacturer and
the wheels will begin to turn again. '
You Were Rlflht ; ; A
That far you were right. Tho enor
mous increase in the amount of money
in the last few years has had exactly
that effect. But there, was another,
thing that you did not take. Into con-?
sideration at first For every dollar of
real money the bankers created, ten
dollars of mythical money was added
and the people forced to pay Interest
on it. The result Is like the ycung
man who borrows $1,000. Ho ha3 a
very good time while he is- spending
it, but when the time comes that he
has to make enough to live on. pay his
interest and his debt, he finds the icad
very rocky.
Can there ever be prosperity, among
the common people the peop't who
produce the Wealth while the are
forced to pay interest on thesa b.'lllons
of mythical money? Never. Year by
year additions will be made to the
great fortunes, until, finally the few
will own all and the many will toil
tor a bare subsistance. .
Why are the people of our great
cities In distress? In New York, the
Standard Oil trust takes a few cents
every day from tho poor as tribute to
its power. They cook with gas down
there, and the automatic meters into
which they drop their quarters run .
many minutes less than they ought to
before they stop. New power has been
granted the Standard Oil trui to op
press within the last year. Going to
and from their work, the toiler has to
pay his tribute to Belmont. If ho goes
out to the suburban home where his
tribute to the landholder will be less,
he must pay.it to the Vanderbilts or
the Pennsylvania railroad. He can not
Gsrane. Thft nannies of thp. poor ara
constantly pouring into the coffers of
the trusts and the railroads. The toil
er grows poorer and the millions of
the magnate increase. They say tnat
all this is "irrevocable." I deny it.
The. people can revoke it all if they
will. The gas and electric franchises
can be taken over by the cities and
light and heat furnished without trib
ute being paid to the millionaires. The
railroads can be taken over by the gen-,
ral government, and the tribute to' the
mand and the quantity of money avaiF trinvtSWamaktRVhe Goulds, the
Moores, the vanderott' ana the Loebs
stopped.. That ;en
money can be retai
to educate the chil
hfcart-breaking toil
woman;, the home
the artist,' the educ
tific investigator ca
work in i bringing
God upon earth fo
Gallilean prayed.
, f
jEilus amount off
by i the people,
i," reheve tne
flfalr and lovely
aV bo beautified. -
c 1 and the sclen
i on with their
ic iunuuin ot
w)lth the centlo
Watson's
iVr'-i
wrltinga one
i-. 1. 1 i
a (is iiisioryj
I'did etudy of
I 1 ' v '- ' '
Szhtk who will
Amane Mr. W&tsnr
pf "the most interestir;
of Napoleon It is a i;
a great - genius. ; j
f There does not live 1
not be enlarged In hls li nking proc
esses, there does not Hx?i boy who
will not be made moreVibItlotts by
honest study of, Watson vf napoleon. .
U you want the best Vbtainable,
most readable, most Intel, nt, most
genuinely American : studA of this
great character, read; Wain's his
tory of Napoleon. vV't-"?-
The book retells at $2.25. VU that
figure The Independent is ppared
to supply its readers Addresill ON
tiers to The ... Independent; Jlcoln,
Neb. ,, ,
Have Asked Us ta Buy Them 50c Bottle of Liquozone.
We offer to buy the first bottle of
Liquozone, and give it free to each
sick one who asKs it. And we have
spent over one million dollars to an
nounce and fulfill this offer. Oer ob
ject has been to let Liquozone itself
show what it can do. A test is ctTler
than testimonials, better than aigu
meut. In one year, 1.800,000 people
have accepted this offer. They have
told others what Liquozone does, and
the others told others. The result is
that millions now use it. It is mere
widely employed than any medicine
ever was more widely prescribed by
the belter physicians. AndO Jr own
neighbors wherever you are eaa tell
you of people whom Ltquozono lias
cured.
Not Medicine.
Liquozone U not made by com
pounding drugs. tur Is there alcohol
in it virtues are derived .oeIy
frcm gas-largely oxyf-en ga.-t by a
process requiring Immense arpaialun
and II dayn' time. This pro-e? has,
for mora than 2!) jears. beeu the eon
Mant subject of mientifk and ('.em
leal rtf eareh.
Th result U A liquid that doe.s what
oxygen does. It U a nerve foo.l and
blood food-the most Mpful thing In
thp world to you. lit eftVeti nic r
hllaratlng, TlulUlnjr. purlfytf.g. Yet
tt l a Sfrmleldfl no certain that we
publish on every bottle an oHtr of
$1,000 'for a disease germ that it can
not kill. The reason is the gdrms are
vegetables; and Liquozone Hko an ex
ces of oxygen is deadly to vegetable
matter. .
There lies the great value of Liquo
zone. It Is the only way known to
kill germs in the body without killing
the tissues, too. Any drug tnat kills
germs Is a poison, and it can not be
taken internally. Medicine U almost
helpless in any germ disease. It Is
this fact that gives Liquozone its
worth to humanity. And that worth is
so great that after testing the product
lor two years, through physicians and
hospitals, we paid $100,0tj lor the
American rights.
Germ Diseases
These are the known germ disease.
All that medicine can do for these
troubles Is to help Nature owuome
ilio germs, and such result are indl
rcit and uncertain. Mquozon? a'taekit
the grms. wherever they arc. And
when the germs which cause a disease
are destroyed, the dlaeaao inumf end.
aud forever. That to Inevitable.
Alhn
AWf AnirmU
llrwnrlilOi
IUhhI I'iiIwh
lirMM'i lufM
c..um -t'otJi
rimutiMlon
irrli ('"r
pyMOUry-Pttrrte
1t FrTr-.Innun
I (irtrt -t
Ui-f.rth
Mklif Heart Iron Ll.-i
ri'.f rnrnniont
Mlfj tMf
Iandru IT Dropsy
JyspepsU
Kczenia Krylpclat
Fevers (tall Siones
ioltreOout
Uonorrhea Olcet
Stomach Troubles
Throat Trouble
Tuberculosis
Tumors Ulcer
Varicocele
Woman's Diseases
AJIdUeasM that begin with fever allintlam
ationall eonta(jloi llstaset all the results o
Impure or poisoned blood. '
In nervous debility Uquoxone acts as a vital.
I.er, accomllHUInz what no drugs can do,
50c Bottle Free.
If you need Liquozone, and neve
never tried l.t pleaso send m this
coupon. We will then mall you an or
der on a local druggist for a full
tize bottle, and we will pay the drug
gist ourselves for It. This Is our free
gift, made ',o convince you; to show
you what IJquozone Is, and whit it (an
do. In justice to yourself, pk-asw ac
cept It today, for it places you under
no obligation whatever.
Liquozone costs 50c and $1.
CUT OUT THIS COUPON
for thl oiter may not anpf-ar nsnln. Fill
out Ui blanks and mull it to tlio l.tiuM
0on Co., ivi im WUU Ave., ( titc(((,
My dUeasa U
I bavt nvr tried .tinl !c(n, but If yon
will supply luo a fete, bottle fret 1 111 laka It
wi:t
il full IJrMwrlt plainly
Any itiyiUlan er hflial not yt nlo(
I .u...nf wilt t lal!y ippllfl f ir a trit