Che N-
VOL. II. NEBRASKA CITY , NEB. , THURSDAY , JUNE 14 , 1900. NO. 49.
PUBLISHED WEEKLY.
OFFICES : OVERLAND THBATBB BLOCK.
J. STERLING MORTON , EDITOR.
A JOURNAL DEVOTED TO THE DISCUSSION
OT POLITICAL , ECONOMIC AND SOCIOLOGICAL
QUESTIONS.
CIRCULATION THIS WEEK 7,300 COPIES.
TERMS OF SUBSCRIPTION.
One dollar and a half per year , in advance ,
postpaid , to any part of the United States or
Canada. Remittances made payable to The
Morton Printing Company.
Address , THE CONSERVATIVE , Nebraska
City , Neb.
Advertising Rates made known npon appli
cation.
Entered at the postoffloe at Nebraska City ,
Neb. , as Second Class matter , July 20th , 1898.
Against money
AUTOCRATIC CASH. .
in the hands of in
dividuals to be invested , or used by them ,
as individuals , the anarchists , populists ,
and Bryanarchists of the United States
make no fight. But antagonizing cor
porations , and denouncing aggregations
of corporations , in combines , called
"trusts , " as very dangerous to the gov
ernment and to the people of the United
States , fallacy-followers proclaim them
selves for moneyed autocrats-monarchs
in finance and against democratic or
ganizations of incorporated capital. All
the hue and cry of Bryanarchy against
incorporated , and favorable to , personal
money , is merely a declaration in favor
of monarchial power for money instead
of a democratic power for and control
of money. Adverse to the putting to
gether of the money of individuals and
making organizations of capital , to be
governed by stockholders , boards of
directors , and the officers they may
select ; populism and all the vagarists
and discontented of the country imply
their preference for the money czar , the
money monarch , for the plutocratic imperator -
perator and virtually protest against
those small democracies of money called
corporations.
THE OONSEUVATIVE journeyed from
Detroit to New York fifty-two years
, , ago , in 1848. There
* YearH * .
Fifty-two Ago.
were few corpora
tions , relatively , at that time either
large or small. The steamboat from
Detroit to Buffalo was owned by indiv
iduals. The fares and freight rates
were arbitrarily made by these owners.
They had little competition and the
rates were quite all the traffic would
bear.
Corporations represent the savings of
"tl i
self-denying industry on the part of
some human beings , either of this era
a past generation. Originally the cor
poration is made up of a portion of the
money of a number of persons who are
each unwilling , or perhaps unable , to
undertake the risk of the whole en
terprise. The corporation represents in
the various amounts subscribed for its
stock , the faith and financial ability of
the parties composing it. Where the
risk of loss is great , the subscriptions ,
though they may in the aggregate
amount to a large sum , are individually
small. It is obvious to the man who
can think , that the development of the
material welfare of the West , especially
of the modern or new West , could never
have been so wonderfully and success
fully accelerated except by incorporated
capital. Had the same warfare been
made fifty years ago against capital in
corporate form that Bryanarchy is now
making , the states which ore today
furnishing the generals and the rank and
file for that warfare would not be in ex
istence.
In 1848 after arriving at Buffalo by
steamer , THE CONSERVATIVE took cars
. for Batavia. There
. . .
1848-1000. , , .
had been then no
menacing and fiendish consolidations of
railroad lines. The Batavia & Buffalo
company owned and operated only a
single track from Buffalo to Batavia.
From the latter place another company
operated to Rochester. Here we
changed cars again , and became passen
gers to Albany on another railroad. At
Albany we took steamer on the Hudson
for New York. The trip was four times
as long and four times as expensive as it
now is.
In June , 1900 , THE CONSERVATIVE
makes the journey from Chicago to New
York in twenty-seven hours. One car
all the way through. One company in
control from Chicago to New York.
Consolidated capital , combined roads , in
1900 ; and individual properties and sep
arate managements in 18481 Are the
.people who ship freight , who travel , in
jured or benefited by the modern con
ditions by the consolidated and incor
porated capital ? Can a doctrine or
dogma in religion be propagated best by
individuals outside of an organized
church or inside of one ?
Can the material prosperity of a coun
try be better maintained with or with
out incorporated capital ? What could
individual Christianity , unincorporated
in churches , do towards evangelizing the
world ? And what could unincorporated
capital do in developing railroads , in
dustrial plants and all the manifold fac
ilities of modern agriculture , manufac
ture and commerce ?
COLLEGIATE. Figures rep o r t e d
from Princeton are
to the effect that the average college
student is five months older than he was
twenty years ago. This agrees with
many people's observation , that parents
nowadays rather hold tbeir children
back than push them forward , no longer
desiring infant prodigies ; truly a most
praiseworthy tendency. Another thing
that one would hardly have foreseen is
that the average student's expenditures
have decreased ten per cent in the same
length of time , despite generally higher
prices.
In 1880 it required
QUICK Oil. .
quired twenty
ships to carry one hundred thousand
barrels of oil from New York to Europe.
Each ship had to be paid enough freight
to cover the cost of twenty days of
delay on the trip going and coming.
Today a single ship , provided with
tanks and constructed and owned by
the Standard Oil
Now.
Company , takes
over , in bulk , as much oil as the twenty
ships could then carry in barrels. One
Standard Oil Company ship today , with
its vast capacity , makes two round trips
in less time than it took to load the
twenty boats under the old method of
exporting petroleum in barrels.
When , twenty years ago , American
coal oil went abroad in barrels , there
was a tremendous
Economy.
loss from leakage.
That loss aggregated each year , in
money , enough to now pay all the cost
of the transportation of oil to Europe.
The Standard Oil Company thus , by
wise management of large capital , and
the construction of
Thus.
vast facilities for
the bulk transportation of petroleum has
invaded and captured the oil markets of
the world , and holds them. From it3
foreign sales it sends home more than a
hundred thousand dollars in gold each
day of the year. In-bringing gold is a
crime. The attorney general of Ne
braska strives to drive the in-bringer of
gold out of business in this state ,
