The Conservative. 13
the welfare , to repay the money bor
rowed , end to coin money , bearing the
stamp of the nation's seal , which shall ,
while nations last , be a token to the
world of the honor of the United States.
MUUUY NKI.SON , Jn.
Chicago , 111. , Jan. 10 , IflOO.
A M N Y
TiiKouY. calamity econo
mist attributes all
commercial ills to a hick of circulating
money. He avers invariably that there
is a universal ' 'dtmand" for more
money. He uses the word demand
when he ought to use the word "desire. "
There can be no legitimate "demand"
1 ' for money except one offers a valuable
service or some exchangeable thing for
that money. One may "desire" a dis
play of gold coins which he sees on the
counter of a bank. But he makes no
lawful "demand" for it unless ho offers
to exchange for it something of value.
In a recent article Mr. Horace White
of the New York Evening Post , who is
an unquestioned authority on finance ,
very cogently and lucidly says :
"The quantitative theory of money ,
as commonly used , means that the prices
of commodities depend upon the quan
tity of money in use , falling when money
is scarce and rising when it is plentiful.
Those who use the term with more pre
cision say that prices depend not merely
upon the supply of money , but also upon
the demand for it meaning by demand
the amount of business transacted.
Others , with more scientific accuracy ,
say that not merely the supply of money
and the demand for it must be taken
into the reckoning , but also the rapidity
of the circulation , which may be much
greater in one country than iu another ,
and much greater at one time than at
another in the same country. Others
pay that all credit instruments by which
goods are transferred from hand to
hand must be taken into the reckoning
as well as money. Still others make a
distinction between banknotes and
clearing-house operations , holding that
only those credit instruments which
pass into general circulation should be
reckoned as price-determining factors.
The advocates of the quantitative theory
in this country are in general those who
think that prices have been lowered by
the demonetization of silver.
TEN THOUSAND
BLACK WALNUT TREES.
FOR SALE , ten thousand Black Wal
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grown , once transplanted. To those
who would utilize waste places on the
farm , they are valuable. Special prices
for car lots. Address
ROBT. W. FURNAS ,
Brownville , Nebraska.
$4.00 BOOK FOR ? 5cts.
The Farmers' Encyclopedia ,
Every thin IT per
taining : to the af
fairs of the farm ,
household and
stock raisinp. Em
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the horse , the colt ,
horse habits , dis
eases of the horse ,
the farm , grasses ,
fruit culture , dulry-
ing.cookcry.hfttlth ,
cattle , 8heops\vliie ,
poultry , bees , the
dog , toilet , social
life , etc. , etc. One
of the most com
plete Encyclo
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A large book , 8x5J
x 1 % inches. ( W < 5
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other books costing
$1.00. If you desire this book send us our special
offer price , $0.75 , and S0.20 extra for postage and
wo will forward the book to you. If it is not satis
factory return it and we will exchange it or refund
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We can save you money. Address all orders to
THE WERNER COMPANY ,
Publishers and Manufacturers. Akron , Ohio.
[ The Worncr Company is thoroughly reliable. ] Editor.
THK WAY TO GO TO CALIFORNIA.
is in a tourist sleeper , personally con
ducted , via the Burlington Route. You
don't change cars. You make fast time.
You see the lluest f-ceuery on the globe.
Your car is not so expensively fur
nished as a palace slenper , but it is juht
as clean , jusc us comfortable , just as good
to ride in and nearly $20.00 cheaper.
It has wide vestibules ; Pintsch RMS and
high back seats ; a uniformed Pullman
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Being strongly and heavily built , it rides
smoothly ; is warm in winter and cool in
summer.
In charge of each excursion party is
and experienced excursion conductor
who accompanies it from Omaha right
through to Los Angeles.
Cars leave Omaha every Thursday
afternoon , arriving San Francisco fol
lowing Sunday , Los Angeles Monday.
Only three days from the Missouri
River to the Pacific Coast , including a
stop-over of 1) hours at Denver and 2 }
hours at Salt Luke City two of the
most interesting cities on the continent.
Write for folder giving full infer
mation. J. FUANCIS ,
Geu'l Passenger Agent , Omaha Neb
Colorado , Utah , California and Oregon
ARE BEST REACHED VIA THE
DIRECT LINE TO ALL POINTS WEST.
SOLID VESTIBULED TRAINS DAILY.
PINTSCH
TWO TRAINS daily to Denver and Colorado
rado points. LIGHT
THREETRAINS daily to SauFranciaCO and
California points.
THREE TRAINS daily to Salt Lake City and
Utah points. STEAM
ONE TRAIN daily to Portland and North
Pacific Coast points , with direct con HEAT.
nections for Tacoina and Seattle.
For Time Tables , Folders , Illustrated Books , Pamphlets , descriptive of the territory trav
ersed , call on your nearest agent , or address
E. L. LOMAX , G. P. S T. A. , Omaha , Neb.
JOV MORTON & CO.
MANUFACTURERS AND DEALERS IN
ARGO STARCH SAL SODA
SALT
CEREALS SODA ASH
General Office , Rler No. 1 ,
Snipping Docks and Boda Factory : Salt "Works :
C. B. & Q. SLIP I. C. PIER 1 , CHICAGO. WTANDOTTK , MICHIGAN.
BBLT BY. , C. B. I. 8s P. , SO. CHICAGO. HUTCHINBON , KANSAS.
STARCH FACTORY AND CEREAL MILLS , NEBRASKA CITY , NEB.
CHARLES A. WEARE , Prest. PORTUS B. WEARE , Vice-Prcst. WM. W. WEARE , and Vice-Prest
OSWALD F. WOLFE , Treas. HARRY W. RUUINS , SECY.
Established 1862. PRIVATE WIRES.
WEARE COMMISSION COMPANY ,
Grain , Provisions , Stocks and Bonds ,
Old Colony Building , CHICAGO.
BRANCH HOUSES :
IVe\v Yorlc , Minneapolis , Dulutli , Omaha ,
Kansas City , Des IVIoInes , Nebraska City.
