4JS-
Tlbe Conservative.
vision of ono of the most celebrated civil
engineers of the republic , Mr. George S.
Morison , the Nebraska City bridge was
built by the Burlington railroad people.
It cost not n cent of subsidy from this
people. It made Nebraska City a possi
bility as the best manufacturing town in
the state. Without it there could bo no
factory for starch , cereal goods , nor even
a packing house at this point. The
bridge is the evolution of pioneer pluck ,
brains and persistency , combined with
far-seeing capital from Boston.
Wo , the undersigned , whoso names appear
in this hook , after thn names of the incorporators -
ators of the company , do hereby subscribe the
sum sot opposite to each of our names respec
tively , to the capital stock of the Nebraska
City Bridge Company , in Nebraska , for the
erection and completion of a railway , wagon
and transit bridge across the Missouri river , at ,
or in the immediate vicinity of Nebraska City ,
in the statnof Nebraska , together with the approaches
preaches to and from said bridge , and for the
payment of the engineering , plans and specifi
cations , and other expenses , incident thereto ,
to 1)0 represented to us by the issuance to us ,
of certificates of stock in said company for the
number of shares , r.ftor each of our names
enumerated , at the par value of ono hundred
dollars , for each and every share by us respec
tively subscribed , upon the full payment of
such subscription.
Ten per cent of the Hum subscribed , to bo
paid on making the subscription and the bal
ance to bo paid in installments , at the call of
the directors of the company , in pursuance of
their by-lawn.
This subscription book for the capital stock
of said company , is hereby opened , at the bank
ing house of James Sweet & Co . in Nebraska
City , Otoo County and State of Nebraska , on
Thursday , October 24,1872 , in pursuance with
notice therefor , of winch the annexed printed
slip is a copy , published and printed in the Ne
braska Citv News , a public newspaper , printed
and published at Nebraska City , Otoo County
and State of Nebraska , and having a general
circulation , from the twenty-sixth day of Aug
ust , eighteen hundred and seventy-two to the
twenty-fourth day of October , eighteen hun
dred and seventy-two.
In witness whereof , the incorporators of said
Nebraska City Bridge Company have here
unto subscribed their individual names , at
Nebraska City , this 24th day of October , A.
D. , 1872. JAMES SWEET ,
G. B. SCOKIELD ,
O. P. MASON ,
J. STKHMNO MORTON ,
J. B. LAMASTEH ,
W. E. DITTON ,
DAVID BUOWN.
NEBRASKA CITY BRIDGE COMPANY.
I'UWjIC NOTICE.
Notice is hereby given that books for the sub
scription to the capital stock of the Nebraska
City Bridge Company will be opened on Mon
day the 30th day of September , 1872 , at James
Sweet Co. These taking stock will bo re
quired to pay down ten per cent on the amount
subscribed. Individuals desirous of taking
stock can subscribe for the same at the above
time and place and upon the terms prescribed.
W. E DIITON ,
O. P. MA BON ,
JAMES SWEET.
G. B. SCOFIEU ) ,
J E. LAMASTEH ,
J. STEHMNO MOHTON ,
DAVID BHOWN.
Nebraska City , August 2(5,1872. (
The opening of the stock books of the above
company is postponed to October 24,1872.
J. E. LAMASTEH ,
J. STEHMNO MOHTON ,
DAVID BHOWN ,
G. B. ScoriELD ,
O. P. MASON ,
W. E. DII-I.ON ,
JAMER SWEET.
September 28,1872.
Date of sub-
cription.
October 24,1872
i
i
Names of Subscribers.
Colo& Roberts
J. Sterling Morton . .
W. E. Dillon
O. P. Mason
J. E. Lamaster
G. B. Scofleld
David Brown
James Sweet
Mrs. Susan G. Rolfo.
J. C. Haynes , jr
Win. Fulton
J. Sterling Morton. .
COlttl'ETJLTtVK WASTI5.
Every dollar spout unnecessarily in
the processes of manufacture and dis
tribution comes ultimately out of the
pocket of the consumer. Lot us see
how this economic law bears upon the
matter of trusts.
When Stephenson successfully applied
steam power to the moving of vehicles
he registered a strong and practical pro
test against the waste of time , energy
and money in the slower and cruder
methods of transportation. Pulton did
the same when ho applied steam to nav
igation. The inventors of the spinning
jenny and of the sewing machine were
successful protestors against the waste
of crude hand labor. As a matter of
fact , it would appear that every inven
tor of labor-saving , time-saving , mater
ial-saving devices has simply been a
practical reformer in the matter of re
ducing waste. Modern progress is
largely a series of struggles and triumphs
in the direction of more economical and
rapid production and distribution.
This tendency to reduce waste has
naturally led to enlarged enterprises.
The village blacksmith shop was good
enough in its day , but its methods were
wasteful of time and strength , and it
has been superseded by the great fac
tory and foundry. Old methods have
been constantly discarded for modern
machinery and more economical meth
ods of manufacture and distribution.
The same is true in the mercantile
world. Here wasteful competition has
been one of the things that modern
economy has been steadily reducing.
The trust appears to be merely an
other stop forward in the attempt to
save waste in production and distribu
tion. A number of factories formerly
competing with each other federate
themselves under one central manage
ment , placing their affairs in the hands
of the most expert and capable men
among their number. They proceed to
improve their methods in every way
possible. The wasteful competition
that had existed between twenty-five
and thirty companies is done away
with. The superfluous employees are
dropped out. The individual suffers
temporarily , but the community is the
gainer. In so far as a combination of
this kind honestly reduces waste and
sets out to produce a better article for
less money it is following a natural and
beneficial law , and is filling a rightful
place in our domestic economy.
The unfortunate phase of the trust
Residence.
Nebraska City , Nebraska.
HP' *
No.
Shares.
5
120
120
120
120
120
10
120
5
80
60
80
Amt sub
scribed.
500.00
12,000.00
12,000.00
12,000.00
12,000.00
12,000.00
1,000.00
12,000.00
500.00
8,000.00
5,000.00
0,000.00
movement is not the fact of com
bination , but the fact that the now
companies are in many cases often
flagrantly overcapitalized. Common
stock is being sold in great quan
tities to men who are induced to
believe they will get big dividends ,
while if they would stop to think they
could see that no legitimate enterprise
could pay permanent dividends on such
enormous capitalization. These gudgeons
will in the end bo the victims of their
own greed and credulity. The over
capitalized concerns will inevitably col
lapse with the first breath of adversity.
But it seems as if we can take no for
ward step in our modern commercial
system without these fatal errors and
their foolish victims. If the punish
ment could bo confined only to the spec
ulative promoters and to their credulous
victims there would bo little cause for
sympathy in the matter. Even as it is ,
the net result of the trust movement ,
after the vicious and fictitious element
is sloughed off in the next panic , will be
beneficial to the commercial interests of
the nation at large.
Thoughtful men should not be hys
terical over the trust question. The
trust is here in accordance with a nat
ural economic law , and the thought of
the nation should be turned to the task
of utilizing all its better features and
ingrafting them upon our commercial
system. Its worst features can bo regu
lated by public sentiment and wise leg
islation after our legislators learn to
base their efforts upon a calm study of
the question. Our new industrial mon
ster is not something to frighten us out
of our wits. It is something to look at
fearlessly , and to utilize for the better
ment of mankind. It may be that the
trust is the last stop in the long process
of cheapening products by the reduc
tion of waste , and of 'bringing the
greatest good to the greatest number of
people.
Attention is called to the advertise
ment , in this issue of THE CONSERVA
TIVE , of Prof. Theo. Kharas , who has
established the Nebraska School of Mag
netism at Nebraska City and asks for
patronage. Some of the credentials and
recommendations of Professor Kharas
are from very high sources and bear
signatures of eminent men.
"If the administration has reached the
point of oven conceiving the attempt at
pacification by giving the Philippines
self-government , it can earn the ap
proval of the sober people by taking
steps to that end , " the Pittsburgh Dis
patch ( Rep. ) says. "Either the sending
of General Miles there , with authority
to secure peace , or permitting President
Sohurmau to carry out the mission for
which ho was appointed , will bo a wise
step. "
