wntmiiiMinn wwmmumwuctm UL. "T'Y I rib NEBRASKAN VOL, JI. LINCOLN, NEBRASKA, FRIDAY, APRIL 20, 1894. Np. 17. BIMETALLISM. AH AltDIIKHH DKMVKItKIl IHiKOUK Till! I'OI.IT KlAl, KCJONOMV (JI.UII IIV HON. (J. M. I-AMIINHTHON Bdth gold nml silver havu been recog nized riB money in the United States Hlncc the formation of the government. The proportion originally fixed by Alexander Hamilton wan lD,Vjj ounces of silver to ohc ounce of gold. This rutlo remained In force until 1881, when the ratio was fixed at 10 to 1, being upon the basis of the commercial value of gold and silver. It hns, however, been Im possible to keep gold and silver at the exact parity, as Bllvcr, being cheaper, hns fluctuated more than gold, although the price of gold has sometimes fluctu ated. From 171)2 to 1831 gold was at a premium of 2 or I) per cent, and the re sult was that we were practically during that time upon n silver standard and gold flowed out of the country, while from 1881 to 1878 silver was at n premium and gold was the stands, d, and the re sult was that silver flowed out of the country. In the year 1878, at the time the silver dollar was dropped from the coinage, here was but very little silver in circulation, it being at a premium. Those wHo wished to use silver in the mechanic arts and for other purposes melted it, as the silver dollar In their possession was worth more to them melted than as money. Silver did not circulate, and it was because of this met that it was dropped from our coinage. The true theory of bimetallism is that the commercial value of metal, gold and silver, should be the same, and not that each of the metals should be redeemable by the other. The theory of the advo cates of free sliver is in that so long us the government can and does redeem the silver dollar in gold it will remain at a parity with gold. The advocates and champions of-free coinage claim to be bihietallists and claim .to be in favor of circulating both gold and silver on a'par ity, when in fact they are silver mono mctullists. The urticles of bimetallic leagues in this country make no refer ence to the production of gold and its retention in circulation, but refer exclu- lt stvely to silver; unuenne guise 01 iiie name bimetallist they make a covert attack upon gold. If the members of this league and those who champion its principles upon the platform are true biuietallists they would favor gold as a circulating medium just as ardently as they do silver, but their whole argument . is for the free coinage of silver. Now if they were honestly in favor of bimetal lism their main argument would be in behalf of gold for the reason that we only have in circulation in this country, according to the last report of the secre tary of the treasury, of the date of March 1, 1891, $1(.)0,000,000 of gold coin and $71,000,000 of gold certificates, mak ing a total In round numbers of $577, 000,000 of gold in circulation, while the amount of silver and silver certificates and treasury notes and subsidiary silver is $605,000,000. These totals show that there is in circulation more silver by about $28,000,000 than there is gold. In fifteen years we have increased the silver in circulation by about $500,000,000, and up to the date of the repeal of the Sher 'inan act, which provided for the pur chase of silver bullion, we were increas ing our silver in circulation, or issuing paper money based upon silver bullion, at the rate of about $15,000,000,000 per year, while the amount of gold has gone out of the country in excess of the amount imported, so for the fiscal year ending July 1, 1801, $68,000,000; for the fiscal year. 1892, $1911,000; and for the fiscal year, 1893, $87,000,000; since the repeal of the Sherman act the ex pert o' gold and drain of gold from this country is in the main stopped. It seems tb nle that the only metal that has been in any danger in this country within the last ten or fifteen years has been gold, which "tiasTjeen going out of the country as fast as possible, while silver'has been in no danger. The circulation of the money of this country per capita, according to the treasury statement of March 1, 1891, is $1,690,075,152, and the per capita is $24.-90.- Til 18V8?tlie per cdpita was $18.03;in 1888, $15.32; 1890, $22.82. These figures demonstrate that neither individual prosperity 'iior commercial activity is Absolutely coiitrolted by the amount of the circulating medium. Front July, 1890, tc the present period of great monetary stringe ncy, we find an ovcnige circulation per capita of $28,05. It is therefore apparent that lit common par lance times may be hard and money scarce with the most abundant circula tion. We are now passing through a period of financial distress without a parallel in the history of the country. Money was never closer, nor so tight, nothe finan cial outlook so dark as It has been within the last six mouths, and yet the per capita in circulation is as large as at any other period lit our history. With a per capita of silver circuit tion amounting to about $9, as against lets than a half dol lar per capita In 1K7JJ, we find ourselves in us great financial distress as in 1878. If, upon a given day.Hhe active business men of the community resolved to make no further contracts, quit all business transactions, which has been in a large sense the state of our affairs during the past six months, a seeming scarcity of money would be the result. Whatever the volume of the circulating medium it does not impose itself upon anybody, lie who gets it must give an equivalent for it. If nobody wants his labor or his property he could get no money. If he who bus It refuses to loan it for fear of being paid in a less valuable currency the condition is one of stagnation, and scarcity of money is the consequence Hard times make money scarce rather than scarce money makes hard times. CONCXUDKD NUX.T ISHUH. The Scarlet and Cream. The first annual tour of the University of Nebraska Glee Club is at an end. To say that it was a success would be put ting it mildly. It was a pheuomiual success both financially and socially, From start to finish it was a continuous lound of social enjoyment. Eviry town Visited gave "the Scarlet and' Cream" a rousing reception. At Ashland and Fre mont the club sang to large and appre ciative audiences, which insures success to the Club if it visits these cities again next yeur. At Columbus the Misses Gerrard tendered the Club a reception at which one of the singers in the "first tenor" line proved himself very adept at fortune telling. The Club and young ptople of Columbus indulged in a dance after the concert. Owing to the change of dutc at Hast ings the audience that greeted the Club .as small but nevertheless enthusiastic. A brilliant reception had been planned for the Club but could not be carried out on account of the uforesaid change. Kearney stood up for Nebraska, the Scarlet and Cream, and set a pace that could not be beaten. When the Club arrived, it was met at the train by a dele gation of resident alumni and escorted to the Midway hotel. They were then taken in carriages for a drive about the city. A reception was tendered them at the residence of Mrs. Dr. Barten front 4 to 7 o'clock by the young ladies of the Shakespeare Club, and nothing was over looked that would contribute to theiren joyment while in the city. The alumni tendered the Club a reception in the City Hall after the concert, after which the Buffulo Club came in for its share of the honors and tendered an informal re ception. The Kearney Jill b says: "Taken all around, the Glee Club's visit to our city has been one as pleasant as it has been profitable and Kearney will always reach out the right hand to the Scarlet and Cream." A large audience greeted the Club at Grand Island, after which the Club was tendered a reception by Ralph Piatt at his home. The Club was accorded the freedom of the city. At York tho Glee Club defeated a ball team from the so-called college by a score of 15 to 5. Bell's Hall was packed by a noisy and enthusiastic audience. Anybody that says Fairbury is a slow towu reckons without his host. One of the largest and finest audiences of the seasou greeted the Club's appearance in that city. After the concert Miss Han sen of the High School class of '94 gave a delightful informal reception at her pa latial residence. The Club entertained a very appreci ative audience at Fairfield. ' ' '' Through the efforts of Hugh LaMostcr the society people of Teeumsch tendered the club a reception In the Opera House In the afternoon, The rainy weath er Interfered somewhat with large audi ences, The Nebntskn City Club gave the rol licking band of singers an informal re ception after the concert, which wus lis tened to by a large audience, No doubt the Club will score a brilliant future. It has made a record which no other col lege glee club in America has made i, e., to make expenses the first tour, Regent's Meeting. The regular meeting of the Board of Regents took place lost Thursday. One of the most notable actions of the Board was the election of Prof Wlllard Kimball, director of the Iowa Conser vatory of Music, to the position of Director of the University Conservatory of Music. He brings capital and the financial backing of friends, He has purchased the Strickland property on the southeast corner of Eleventh and R streets, with 150 feet on R street and more than 70 feet on Eleventh, on which he proposes to begin at once the erection of a conservatory, which it is his ambi tion to make equal to any in the country and the best between Chicago and San Francisco. It is known that he has had a design prepared in Chicago for the building. It will not all be completed this year, but at least $15,000 will be expended before next September. Ulti mately the whole property will be cov ered. The structure will be four stories in height. It will contain the usual offices and practice and reception rooms, with an auditorium seating about 700 people. Professor Kimball was born in Colum bus, O., in 1851, and hence he is just fort) years of age. He is of New Eng land descent and has sonns excellent blobd In hisvciilMrIiVearry'shrjwedMilb nmsical bent, beginning his studies at the age of thirteen. His first teachers were George W. Steel and Dr. F. B. Rice. In the year 187 1 he went to Boston for further study under J. C. I). Parker in harmony and G. B. Whiting, the emin ent organist. Returning to Oberlin in 1873, he was graduated from the Conser vatory there with the highest honors. For further preparation for hij life work he at once sailed for Europe, coutinueiug his studies at Leipsic. He was a private pupil under Dr. Oscar Paul for nearly two years, and received the special atten tion and instruction of Carl Reinecke, kapell-uteister and successor of Men delssohn. Returning in 1875, he was given the position of instructor at Ober lin, where he remained until September of the same year. Professor Kimball has been for many years Director of the Iowa Conservatory of Music, at Iowa College, Griuuell. TICK WUATIIKR 1IURKAU. The Board determined to make methodical and careful investigation in meteorological lines and fixed part of the United States Experiment Station. They have extended a call to Professor Sweezey of Doane to be meteorologist of the station; granting ample means for the investigations in this line. The Board will undertake to revive the State Weather and Crop Bureau and its work at the University. To this will be added investigations in soil absorption and evaporation, in rainfall, in irriga tion, and in all phases of meteorology which promise economic results. KNI.AROING THK TRAINING SCHOOI,. Perhaps the next most important act of the Board was appropriating the nec essary funds for the enlargement of the work in manual training. The present shops will he extended forty-five feet to the south, the wood working room will be enlarged, and twenty-four forges will be put in for irou working. The total cost of these improvements will not be far from $-1,000. Provision was also made for bringing an ample supply of water to the grounds for the protection of the buildings against fire. Although the state has long refused to insure any of its-buildings, and although legislature after legislature has neglected or refused t appropriate funds for this purpose, the Regents did not feel that they would be faithful to their trust if they allowed this matter to go further without care. Preparations were made for the con tinuance of the experiments In the ex termination of chinch bugs, under the care of Professor Bruncr. The report of last year showed that this experiment had met with unusual success and had proved very valuable to the farmem of Nebraska. OIIANOHS IN TItH l'ACUWV. Among the changes In the Faculty are the following: The salaries of Professor Kdgrcu and Professor Owens were ad vanced in recognition of their ability and faithful ser.vlces. Instructors Conk Hn, Wilson and Taylor were advanced to the positions of Adjutant Professors, Instructor Burnett was advanced to the position of Head Instructor in German. Mr. Roland P, Gray, now at the military school at Sweet Springs, Mo., was elect ed Instructor in English to succeed Mr. Belden, who goes to Europe for a year's work. Superintendent George K. Chutburn, now of Wymoro, was elected Instructor in the Department of Mathematics. Mr, T. Littleton Lyon will return from Eu rope lit the fall, and take up his work again in Agricultural Chemistry. Otherwise than as noted the Instruc tors of last year were re-elected. There were some slight changes In the salary of minor instructors and employes. IN MItMOUY OI' MRS. MKNZHNDOUI'. The Board spread upon its records the following: "The Regeutsdesire to spread upon their records their sense of the, loss the University suffered in the death of Mrs. E. D. C. Menzendorf, for nine years a member of the Corps of Instruc tors. Her loyalty to her work, her devotion to her pupils, and the strength of her influence throughout all circles in the University, made her connection with this institution creditable in the highest degree and always memorable, She was In all respects a model of the faithful teacher, whose example will not soon be forgotten." Taken all hi all, the meeting of the Board just closed is considered one of the most important ever held upon the campus. ATHLETIC NOTES. Lincoln Wins. Baseball cranks both in and out of the University were delighted last Thursday by an exhibition game between the Uni versity team and the Lincoln League ag gregation. Quite a crowd assembled at the M street park to see the initial game oftheseuson. About half of them were University students who either had or hadn't skipped class. In team work our boys did remarkably well considering the amount of practice they have had. The Lincoln boys were hardly up to the standard of well drilled professionals. The game was called to order by Umpire Ralph Johnson, University at the bat. Hopewell, Bills and Barnes went out in one, two, three order and the Lincoln's came in netting three runs in their half, In the second University scored one, Lincoln three. The University did not score again until the sixth when Bene dict scored on Barnes' two bagger; al though they found the ball freely the hits were short and scattering. In the, sixth Raymond made a three bagger and crossed the plate on a single by Bills. In the ninth with Benedict and Packard on bases,. Shaberg drove the sphere out to the fence for three bags, which ended the University scoring. The stick work of the boys shows up well. There is a lack of unity in the team playing that can be overcome by practice. The fea tures of the game were the long hits by Barnes, Raymond, Shaberg and the Um pire's foul tip. We will have good rea son to be proud of our team before the season is over, The boys all put up good individual work. Score, Lincoln 18, U. ofN. 5. Field Day. At a recent meeting of the athletic as sociation it was decided to hold the Lo cal Field Day, May 5th, and the boxing and wrestling matches the evening of May i2th. The offer of the Kansas City club was also accepted. This should be an inducement for everyone to enter for some event. Remember the first man iu each event and possibly the second man will ,go to Kansas City to represent the University in the Inter-State Field Day. The Kt sos City club pays the expenses 'Of 'the representative, Now let everyone who has nny incli nation toward athletics begin training and try for this trip, There is no tell ing who will win In any event. Do not be afraid of an old student siwpjy be cause he has a record, but go in to win over him or at least to get second, pjjice and the enjoyment of a trip to Kaunas City. The following is a lUt of events seju In by the Kansas City club and It will probably be adhered to iu our Local Field Day: One hundred yard dash, 140 yard dash, 880 yard race; 1 mile race. Standing broad jump, standing high jump, running broad jump, running high jump. One mile bicycle race. Pole vault height. Base ball throw. Hitch and kick. Putting i61b shot. Throwing 16 lb. hammer. Relay race, one mile, four men. Boxing, four matches. Limits 118, il)3, 156 lbs. Wrcstllnir. three classes eneh In Green. Roman and Catch-as-Catch Can. J. P. Cameron, Mgr. Field "Day. A Postal in Paste. They move about the halls and cam pus with an air that seems to sky, "Be hold, we are Brutus and Luther in otie.'" They are like Opium smokers, cigarette fiends, what you will, filled, cdnsuiried, overpowered, by one great all-devouring desire to write something. As they are very far from being sub lime geniuses, they criticize. It is so easy to criticize you know, and it gives such an air of superiority to condemn what other people admire, and to pass -judgment on-things youdon't'kndw any thing about. As for the subject Of their criticisms, that does not matter in the least. The collars and cuffs of their fei students, the amount of conversation a girl should have with her boy friends, the suppositional vanity of anyone "un fortunate enough to attract their notice, be he alumnus, or orator,- all pass in turn before these prolific writers and ate in turn condemned. For, be it kndWii, whether from principle or lack of it, they approve of nothing. But the two subjects nearest and dear est to these amiable scribblers are personalities and the stage. For on these they can not only write something, but they can write something malicious and at the same time show flfeir superi ority. In the first place ttiey trail y6u a fool; in the second they imply you are one by giving opinions diametrically opposed to those of yourself-and nine teuths of the audience. And then how calmly they proclaim the l!ruth k&A jus tice of their criticisms, whichthcy 'prove beyond all doubt by rambliug disserta tions having, indeed, no bearing oft the subject but serving admirably to fill 'out the page. How they do stmt about, to be -sure, and how important they must think themselves. In the same spirit in vyhich Louis XIV said "moi le ro'i," arid th'e Persian despots called themselves "fh'e kings of kings," they olap each Other on the back and cry, "Ha! We are the divine censors of this truly great institu tion." But let us not be too harsh with them. "Whom the gods love die young." Their massive inlellect9 are too, mighty for frail tenements of mortal clay to hold. They are not long for thy world, and when their proud spirits, spurnibg this more humble sphere, soar above to their mansions in the sky, should they denounce us to St. Peter, we must go down with Bohuukus to-Doane. A C((inj)Otfint Witness. Judge Do you understand I'ho nik turo of an oath? Do you know wh't .will happen if you do not tell the 1 truth in this casoP Witness To bo corting, boas, Our aide will win. Judgo, A Test'lu'i? IMirtidr, The stewards of St. NlohohYs stioia' ty, Now York, huvo utt anhtiHl Kfia$ ing dinner" prior to oaoli rdgMlat 'annual dlMtor, in Order tododldo Moll tho caterer whom the society skfeti patronize