The New Bryan Panacea
Bryan without .t paramount
issue would be like Hamlet with
out Hamlet This year it is
again the issue of opportunity,
(iuarautee of bank deposits is
his bid tor the West, and a more
experimental, socialistic bid
was never made, even by Bryan,
.in the minds of.the best lawyers
America his plan of guaran
teeing bank deposits is invalid.
To illustrate the proposition:
When an individual deposits
money in a bank the law says
the relation of debtor and cred
itor immediately attaches. In
other words the bank owes the
iiulividu.il the amount of his d<
j>osit and must pay it on a writ
ten demand, viz. a check for the
amount. We have three banks
in Falls City and they' owe their
depositors the amount of their
deposits. Not long since a
neighboring town, Tecumseh,
had a banker who was a plunger,
a speculator. His bank owed
its depositors. Because of spec
ulation the Tecumseh bank went
broke. Bryan’s plan is this:
Notwithstanding our banks are
conservatively managed, not
withstanding they pay their de
positors every lawful demand,
aotwithstanding they may never
have heard of a single depositor
of the Tecumseh bank, Bryan
would tax them to pay the de
positors of the Tecumseh bank.
He would taki money from one
man to pay the debts of another.
This, in the opinion of the best
lawyers in America cannot be
lawfully done any more than
they can tax merchants to pay a
merchant’s debts, or farmers to
pay a farmer’s debts. If we can
guarantee the debts of a bank,
why not guarantee the debts of
the butcher, the baker and the
candlestick maker?
Such a law if valid would pro
dace a season of speculation
fearful to contemplate. Let us
illustrate; We have three good
banks, well managed, doing a
safe and conservative business.
But suppose one of our banks
was in the hands of a specula,
ior, a business pirate, and the
banking business has tins kind
of fellows as has every other
kind of business. The conser
vative bankers might be willing'
to pay three per cent on timede j
posits. Their piratical compet
.tor could offer six per cent and
»et the deposits ou the plea that
the depositors could not lose as
the deposits were guaranteed.
Thus decent, conservative bank
ing methods would sufl'er and
the unsafe speculator would pro
lit. Taeoniy way the six per
cent banker could live would be
by speculation, lie could not
pay expenses, rent, insurance.
stationery and other ac
counts and p iy six per cent at
the present rates of interest.
The result would be an era ot
speculation never known in Am
erican life. Speculation is to
day the curse of our commercial
affairs. This illustration Is not
fanciful. Rather is it history.
New York had such a law in
1B2W and every thing here sug.
gested resulted and the law was
repealed.
rhe issue of guaranteed bank
deposits is uot only invalid, so
cialistic and full of portentious
evil, but whatsoever of good it
may contain, is purely experi
mental. Bryan took advantage
©f the hard times in 1890 to ex
ploit free silver, an issue that
today is unwept, unhonored and
unsung. He took advantage of
the enforced increase of our
standing army tocreate the issue
»f militarism and pictured Roo
sevelt at the head of an army
destroying the liberties of the
people. He talked long and loud
©f the issue of imperialism and
predicted the early demise of the
Fourth of July. These para
amounts are too dead to smell
and the djsappearless one will
speak of them no more forever.
Last summer a money Hurry
closed a tew banks and Bryan,
the great opportunist, bobs up
with another paramount, an
other panacea, viz. guarantee of
bank deposits. As free silver,
militarism, imperialism, etc.
have all been gathered to their
long rest, so in a few months the
citizens of America will bear
the latest creation of Bryan’s
fertile mind to join them. In
the meantime the eternal prin
ciples of government move on in
their uninterrupted course grant
ing to the peopletbeir full meas
ure of peace, happiness and pros
perity.
The Kansas City Star had this
to say of the latest issue:
“It would Beem to be the pur
pose of Mr. Bryan to make the
bank guaranty question the lead
ing inane of liin campaign, at leant
iu the Weet. This must be genu
inely disappointing to those num
erous voters of both political or
ganizations who believe that the
best intcrests of the nation are con
served by the existence and rivalry
of two strong parties, led by men
of mature, sound thought.
“The Democratic platform of
tliio year is calculated to put the
party on a better footing. Its ob
jectionable features are incidental
rather than essential. It does not
define a new paramount issue, as
did the other Bryan platforms.
But Mr. Bryan, who never seems
to be comfortable except in the
role of discoverer, inventor or ex
perimenter, liaH seized upon one of
these objectionable issues and lias
thrust it into conspicuous promi
nence. The “New Bryan” has
promptly abdicated in favor of the
“Old Bryan,” the opportunist.
“There is no crisis in the bank
ing business to justify emergency
measures. The reserves in the
banks are exceptionally large. The
outlook ishopeful. Depositors are
not uneasy. Vet the country knows
that there should bo—and will be
— a better banking system; that
the safeguards of the depositors
should be made stronger. But
there are convincing objections to
the proposal to compel the banks
to guarantee t heir depositois. The
Democratic platform demandssuch
a guaranty,and Mr. Bryan is bring
ing that demand into the fore
ground.
*‘F rst of all. it is extremely
doubtful whether a law taxing
sound hanks to insure the depoei
tors of unsound banks, or even
taxing one sound bank to insure
the depositois of another sound
bmk, would be valid. The prin
ciple involved might have a far
reaching application. Under the
compulsion plan the collective
banks would partake of the weak
ness of the individual hank. And
if a great panic should come, dis
trust cf all banks would be en
hanced by the enforced liability of
all banks, for this mutual liability
would not be limited by the assess
ment originally presumed to cover
contingencies.
‘Whn*ever merit the guaranty
Bystem has could be utilized, with
out encountering its most danger
ous features, under the plan coun
tenanced by Mr. Taft and proposed
in the Kansas Republican platform
that of voluntary insurance, the
Btate or the federal government to
provide for the holding of the fund
and the liquidation of depositors’
claims. This method would enable
the insuring banks to guard against
association with and responsibility
for doubtful institutions. And the
cate thus exercised through the
sense of responsibility would go
far toward making all banks sound.
“But at best the bank guaranty
question is an undigested issue. It
should be more fully considered
before it is urged or accepted for
general operation The guaranty
idea is attractive to bank deposi
tors. It cannot be denied that it
is calculated to catch approval. It
is just the sort of thing that Mr.
Bryan has always seized upon, to
the neglect of the real and vital
issues, in liie efforts to reach the
White house.
“Let it not be forgotten that flee
|silver was very attractive in two
campaigns. Through Mr. Bryan’s
specious arguments it took a re
markable hold on the masses and
disarranged party l tics. But the
majority would not lia\e it. Its
fallacy has been proved by events.
It, with the vogue it achieved, hai
gone to join greeiihackism and
othei curiosities of politiaol his
tory.
“Imperialism looked good to
hundreds of thousands of voters.
Mr. Bryan so wrought upon the
timid that he kept before their eyes
the ominous phantom of a govern
ment of conquest, headed by an
aggressive monarch. Bui all these
fears have long since been allayed.
“Militarism was so handled by
Mr. Ilryan that a goodly number
of otherwise sane persons really
thought that the main purpose of
the United States army was to co
erce labur, Who’s afraid of mili
tarism now?
“Mr. Bryan once believed that
federal and state ownership of rail
roads would be a good political is
sue, but the stupendous problem
of acquiring these properties at
the expense of the public and oper
ating them through a multitude of
officeholders did not meet with en
couraging favor, and Mr. Bryan
soon abandoned this unprofitable
trail.
“Faith in the political sincerity
of Mr. Bryan undergoes its sever
est strain when his attitude toward
new and spectacular issues is com
pared with his attitude toward old
and essential policies. In his two
other campaigns he completely
subordinated the great questions
of tariff reform and trust regula
tion to free silver, imperialism and
militarism, because he was seeking
Republican votes ou these new
questions,
“And if Mr. Bryan gives com
manding prominence to the bank
guaranty issue in this campaign,
at the expense of such great sub
jects ns the tariff, the trusts, the
income tax, the election of Sena
tors by popular vote, the regula
tion of rrilroade—on some of which
he has a distinct advantage— lie
will again betray his lack of states
manship and once more fill the
role of the opportunist, seeking
advancement on issues that make
a strong superficial appeal to the
masses—until the masses have had
time to digest them.
“In the compulsory guaranty is
sue Mr. Bryan has discovered a
new “medicine,” and he is urging
it with characteristic zeal and elo
quence and plausibility. But if
tie- people follow precedent they
will put their own label on the
bottle; ‘Shake well without tak
ing.’ ’’
Quick Relief for Asthma Sufferers
Foley's Honey and Tar affords Imme
diate relief to astbma sufferers in the
worst stages and if taken in time will
effect a cure. Kerr’s pharmacy.
Advance sheets of the premium
list of the National Corn Exposi
tion, which is to be held in Omaha
during December, show that a 10
ear sample of corn will win $1000
in gold on the grand champion
sweepstakes award and in addition
the same sample will also win the
Grand Premier Commonwealth
Trophy, valued at $1000, Besides
this large amount, in qualifying
for the sweepstakes and trophy the
sample will have won several hun
dred dollars in cash and merchan
dise premiums, thus making it the
largest amount ever offered in a
grain or grass contest. This is
certainly making money on corn—
at least $250 per ear, and accord
ing to Omaha papers the announce
ment of such a prize has excited
so much wonder among the busi
ness men that many declare their
intention of renting a “patch’’ of
ground next year and if money will
buy good seed and give a crop of
corn good care, jump in after some
of the prizes. Until they heard of
the prizes which the National Corn
Exposition offered, they did not
think it worth while to play with
corn growing, but $2500 is more
than they win at the horse shows,
golf tournaments and horse races.
ALL HE COUD STAND
Overheard at One of The Games
Here Recently
At one ot the recent games
here the following amusing con
versation was overheard be
tween two very enthusiastic
fans:
“Tell you what I’d like to see”
said Bill.
“What'’’ asked Sam, a big
colored porter.
“I'd like to see Auburn and
Flails City just even in a series
of three games and the deciding
game played here.’'
“That would be great” agreed
Sam, warming up.
“And I’d like to see the score
of the deciding game a tie in the
ninth inning,’’continued Bill.
An expression of interest came
into Sam’s features, which trans
formed them.
“Oh!” he gurgled.
“And Falls City to the bat in
the second halt of the ninth,”
continued Bill.
“Oil! Oh!” cried Sam, jumping
up in his excitement.
“And two men out,’’said Bill,
warming to his subject.
“Oh, stop, stop. I can’t stand
any more,’' cried Sam, clasping
his hands between his knees in
an ecstasy of excitement.
“And two strikes called on
the batter,” Bill continued re
lentlessly.
By this time Sam was rocking
to and fro in such a state of ex
citement that it was Ieared he
was going to have a tit, when
Bill put a climax to his vision
by saying:
“And then I’d like to see the
batter—our batter, you know—
knock a home run.”
All I heard from Sam was a
long drawn yell as his nerves
relaxed and he rolled to the
ground.
A FINE FARM
Land Drawn by W. A. Hossack
Proves Valuable
In the Kosebud drawing about
four years ago, Will Hossack’s
name, among others of our citi
zens, appeared in the winning list
his number being 1092, but at the
time supposed, like others, that
it would not amount to much,
but was wise when he concluded
to prove up on the same, as last
week he received a card from
Uncle Sam stating that the pat
ent for his claim was at Mitchell,
S. D.. and requested him to send
receipts and receive the same in
return.
A year ago Mr. liossack re
fused $3500, even against the
advice of friends) again showing
his wisdom as he was last week
offered $0000 for his claim.
In writing he speaks of the
land in glowing terms, and in
regard to the crops he lias eigh
teen acres in spring wheat which
is not yet threshed but is good;
and 40 acres of nice corn. In
that neighborhood barley is mak
ing 00 bu. per acre; fall wheat 20
to 40 bu., spring wheat 10 to 22
bu. but oats are not very good.
There is a fine spring on this
farm and a school house 2'A miles
from there and now one is being
built just one mile from there.
There is to be a land opening in
Tripp county soon and it is good
land just six miles from Hossack’s
farm.
Will’s many friends here con
gratulate him upon his good
luck.
Suspicious Books.
Murder will out. In a “dry”
town in Delaware, where the sa
loons had been closed after a hard
campaign by the local preachers,
one of the ministers who had been
very active in the campaign was
much embarrassed when he re
ceived the following message from
the express office:
“Dear Sir—There is an express
package for you marked ‘books.’
Please claim it at once, as they are
leaking.”
Estray Notice
Taken up on my farm 6}^ miles
southwest of Falls City a Poland
China boar, 4 white feet with
tusch on one side, weighing about
350 pounds.
E. J. Satterwhite.
MATTER WITH THE MATTRESS
Discovery Net C icuialed to Reduce
the Nervousness of Occupant
of Stateroom.
A woman of national prominence
met with an uncomfortable adven
ture when she accompanied her hus
band to the Jamestown exposition.
They took the night boat down the
Potomac to Norfolk and took sepa
rate staterooms.
That night she found it difficult
to sleep. The stateroom was hot,
and in addition, she could not find
a comfortable position in bed, be
cause the mattress was humpy in
spots. Finally six’ got up, and, put
ting on her wrapper, went to find
her husband. But as she left her
stateroom she carefully locked the
door behind her. She awakened her
husband, and asked him to go hack
with her and find out what was the
matter with her bed. as she did not
propose to stay awake all night, be
ing a nervous woman, lie rang for
the steward, and they both entered
his wife's stateroom, and dragged the
mattress off the bed. To their as
tonishment they found a colored
man stowed away under it.
RESOURCEFUL WIFE.
Hud Hodkins—Thou seemest overly
depressed, brother.
Gus Gadzooks—Yea, ’tis even so. 1
got caught In a rain and got so rust
ed that’ my wife had to take my
clothes off with the can opener.
CHINESE PARADISE FISH.
The paradise fish of China have
peculiar nesting habits. These arc
small rainbow colored fish, living in
brooks. Their graceful forms and
banded coloring of red, yellow and
blue make them beautiful objects for
an aquarium. After the spawning
the male apparently devours the
eggs. Before taking them he pre
pares a nest. Shooting out of his
mouth little bubbles, these rise to
the surface of the water and form
a sort of permanent froth. Under
this he places the eggs.
WOMAN INVESTIGATOR.
Amy Bernardy is a professor at
Smith college who takes much inter
est in the condition of Italian im
migrants in the United States. The
Italian government's board of emi
gration has recently appointed her a
special commissioner to investigate
the condition of Italian women and
children in the United States. Her
district comprises the North Atlantic
states. One of the problems which
will engage her attention is that of
distribution.
SELF-ACCUSING.
“I don’t believe you know much
about farming,” said the patronizing
man who had just settled in the
neighborhood.
“No,” answered Mr. Corntossel,
“I kind o’ think I don’t myself. A
man that knew much about farming
wouldn’t have bought a farm any
where around here in the first place.”
A VILE SUSPICION.
Her bosom heaved as with the di
vine afflatus.
“I yearn,” she said, “to give to
the world some life work of marvel
ous scope, some creation hitherto un
exampled in the vastness and gran
deur of its structural beauty.”
“Marie,” he cried, hoarsely, “could
it have been you that, invented these
new broad-brim hats?”
WISE DAD.
“You didn't really care when your
daughter eloped with j’oung Nav
bob r
“Of course not.”
“Then why did your motor car
pursue theirs 80 miles?”
“I didn’t want to give them leisure
to repent and come back.”
GETTING HIM CLASSIFIED.
“Is that ex-New Yorker who likes
London so well a naturalized Eng
lishman ?”
“No,” answered Miss Cayenne,
“merely a denatured American.”—
Washington Star.
COMPARISON WAS NOT FAIR
Boy’s Answer Used by Writer to Show
Deficiencies of English Seats
of Learning.
“Bernard Shaw's recent refusal of
a $1,000 prize," said a Chicago edi
I tor, “is only another instance of this
great writer’s originality. He thinks
differently from the rest of us, and
usually he thinks better.
“On every subject lie thinks. Once,
in the rooms of the Fabian society,
overlooking the fresh green slopes
of the law courts gardens in London,
I heard him express his thoughts
about English public schools.
“He attacked these schools. He
said you learned nothing in them.
He told of a young peer to whom a
certain master at Eton said:
“ ‘I am ashamed of you, unable
to work out so simple a problem!
Your younger brother did it cor
rectly an hour ago.’
“ ‘I am sorry, sir,’ the boy replied,
‘but you must remember that my
brother hasn’t been at Eton as long
as I hare.’ ”
FUNERAL OF LINEVITCH.
When they bore Lineviteh to his
grave, says tlie St. Petersburg cor
respondent of a Paris paper, there
was a tremendous throng in the
streets, uniforms everywhere, and
where the outward appearance indi
cated civil life the demeanor contra
dicted and one saw the spy or police
deputy. To the foreigner the cen
tral feature of the cortege—the fu
neral car—was the most interesting.
Jt was a platform on four wheels.
On this rested the coffin. Tt was pro
fusely decorated with white silk rib
bons, as was also the car winch fol
lowed, bearing hundreds of wreaths.
The harness of the horses was black,
but the men who walked at the
horses’ heads and flanked the funeral
car wore white trousers, long white
coats and white high hats.
THE HANDY BOY.
In Germany it is the custom for
every father who can afford it to
supply his boy with a few tools after
he has passed the age of ten and en
courage him to use them about the
house. He will have a hammer,
saw, plane, pincers, chisels, bits,
screwdriver and so forth, and though
he may never take up the trade of
carpenter or machinist, he will be
come a handy boy.
It is seldom that a German house
holder has to send for a carpenter
or plumber, and he does his own pa
perhanging and painting. Many of
them can fix a lock or clean a clock.
A handy boy will become a handy
man and save himself many a dollar
every year.
GROWTH OF THE COLLEGES.
The latest published report of
United States Commissioner of Edu
cation Brown covering the year 190G
names 17 universities and colleges
having above 1,000 male undergrad
uates. They are Harvard, 2442;
Cornell, 2,440; Philadelphia Cen
tral High School, 2,350; Wisconsin,
2,318; Yale, 2,207; Michigan,
1,995; Illinois, 1,751; Minnesota,
1,614; Ohio, 1,506; California,
1,504; Chicago, 1,474; Princeton,
1,432 ; Boston Tech., 1,414; Colum
bia, 1,289; Missouri, 1,025. The
four next in order are Stanford,
Dartmouth, Syracuse and Iowa.
There are 114 colleges having Over
200 male students and 508 having
less than 200.
UN PHILOSOPHICAL.
Always at the hack of his mind
was the worry about his health—
which was quite satisfactory. After
a spell of hard work he writes: “The
effect of the overexertion showed
itself in depression of spirits and a
constant feeling of dissatisfaction
with myself and a more than usual
repetition of the fear (which I have
occasionally felt for the last four or
five years) that my mind was not
so vigorous and acute nor my mem
ory so retentive as it was.” This
when Spencer was 21 and on the
road to philosophy.—From Duncan’s
Life of Spencer.
USED TO GOING UP.
“You seem perfectly at home in
the air,” remarked the aeronaut to
his new assistant.
“Yes, sir; I was once a chauffeur.”
HOOT!
First Night Owl—Did you have
a good time at the prom last day?
Second Night Owl—Splendid. We
did not get home until nearly five
o’clock in the evening.
