THE NEBRASKAN
Vol IV. No. 20.
UNIVERSITY OF NEBRASKA, LINCOLN, KKimUARV 28, 1800.
Piuoi:, fi Cknt
JUDGE LAMBERTSON SPEAKS
BEFORE A FAIR SIZED AUDIENCE
To tho Political Economy Btudonta-GlvoR
Bomo Flguros for Bllvor Mon to Handle-
A Bound Iiooturo.
The address of Hon. O. M. Lambert,
son, former assistant secretary of the
treasury, before the Pollt'lcail Economy
chili Wodnosdny evening on tho retire
ment of tho greenbacks was scholarly
juid instructive. Ho talked for nearly
two hours, presenting his subject mut
ter clearly and much In detail. At tho
oloso ho rvsiwmled to questions of an
eoanomlc-flnancJul nature, showing
careful and thoughtful study of tho sub
ject In hand.
Mr. LambortKoii said that the present
financial situation is not satisfactory
and far from reassuring. Tho condition
of Che treasury on. .the 1st of Febru
ary, 1S9G, shows a deficit of 1.17,000,000,
an outstanding circulation of legal ten
der paper money of 11,115,000,000 and n
reserve of $62,000,000 of gold and gold
bullion. This $02,000,000 of gold must
carry $1, 100,000,000 of paper money now
in circulation.
There is a ilrreoanollable difference be
tween the east and west. This has been
nhown In recent years and also in the
vote taken In congress the other day on
the free coinage of silver, in which tho
house was unalterably opposed and the
Bonate favorable. The silver advocated
are opposed to the issue of bonds to meet
the deficit in Che treasury and tleslre to
force the country on a silver basis, ""hey
think the iKioplo will revolt (the further
sale of long time ltonds and .hence are
llrm In their i km It Ion.
Senator Sherman, who Is one of the
ablest financiers the country ever had.
thinks If there was sulllclent revenue,
gold would not How out and there would
be no need of retiring greenbacks. Tills
surplus could be raised by laying tax on
wool and otlier goods, and tho $316,
000,090 of United States notes would clr
cuMfeenorjaaily. Up to 1S62 there never
was a legal (tender note or a promise to
pay Issued by the government. The jms
ttago of this law according to (the emi
nent financiers of the time was purely
a war measure, and was considered by
many unconstitutional and a dangerous
experiment. The United States notes
were In a sense the souvenir of the re
public; and since they served well as a
temporary experlmcnt, people have be
come attached to their use as money.
The government has never issued notes,
bills of credit or loans only In itimes of
gruat peril as in 1812, '37, "57 and 'C2.
Greenbacks should be retired because
we are on a gold standard with only
JC2.000.000 of gold In the treasury to re
deem outstanding notes. For the pur
IKWe of redeeming $316,000,000 of green
backs the government has Issued over
$310,000,000 In bonds. Under such with
drawals of gold we can not maintain
the accepted standard save by retire
ment of the notes. An increase of
revenue will not stop the drain on the
treasury as shown under the surplus
afforded by the MoKinley bill.
From 1878, when the Bland bill was
paused, to the passage of the Sherman
act in 1890, gold did not go out of the
treasury. Tills was due ito the excess of
exports over imports and the balance of
trade being In our favor. Since the ias
sago of the latter act over $300,000,000
have gone out. The serious apprehen
sion of the 'treasury olllclals for the gold
reserve at 'the close of Harrison's ad
ministration caused ithom to contem
plate a bond Issue. All gold withdrawn
does not go abroad ; it Is hoarded. Prob
ably $250,000,000 of gold (has been hoarded
1n tlds country within the last few
years.
Secretary Carlisle In his last annual
rejwru. says deficit is mot due to want of
confidence in ithe government, but in the
character of our money. The safest sys
tem of issuing money Is by national
banks and not hy Ithe government,
iianks are better for they arc In touch
with trade and exchanges between
countries. They are hampered by no
law like the treaaury, and hence may
protect themselves and the currency of
the country.
The retirement of greenbacks dots not
mean their destruction. The seenrtary
of the treasury (should be given some
discretion. And thus he might remedy
ona deficit in our currency its lrrelus
tlctty. He should have tlhe power to ex
pand or contract the currency according
to the needs of ttho country. Greenbacks
could be issued in time of peril and
called In after their purpose was served,
but not destroy thwm like Franco ami
ICnglnnd. Thoro Is $1,000,000,000 In cir
culation and tho second sale of bonds
indicate much of St Is Idle.
Hlnco 1873 we hn.ve had the most mar
vellous expansion f currency there has
ever boon known In -the world. The na
tional Iwunks should Issue to par value
of the bonds iuh conditions have changed.
Allowing this, the greenbacks rtlrod
would Ih part Tally replaced by bunk
notes, which would take the government
out of tiho banking business and prevent
the outflow of gold. Statistic were cited
showing a large Increase In the output of
gold In tho last few years, and also a
possible Increase this year.
President Hurwood of tho First Na
tional bank will address the club In two
weeks.
THE RESIGNATION OF Mil. BATES.
Tho resignation of Mr. Bates us In
structor hi liho department of English
conies unexpectedly to the knowledge of
many of the students. Mr. Bates handed
In his resignation about two weeks ago,
but 'the matter hud not been made
known outside of the faculty until very
recently in order that his position might
be lllled without embarrassment. He
goes to fill the place of literary editor
or critic on the Cincinnati Commercial
Gozeote, about April 1. If his position
is tilled before Unit time in the univer
sity he will leave earlier than Is now
anticipated.
Mr. Hates has been in the university
for about live years and can count most
of the students In the upper classes as
formerly his In the study of English.
His work has been thorough and ex
acting. Many a student has groaned
Inwardly and outside of the class room
and audibly at the severity of some
of his remarks on a cherished theme.
They can recall ills remarks about
'wends his way" or who forgets his
pronouns under the excitement of his
theme plot, but these criticisms are Just
what has helped these people, and most
of them realize It.
t As a master of his subject, Mr. Bates
ff lUolsv'3. - liu avwK-xm Uie'CourterTiaa
been Interesting. He tells the truth.
When tlie hymns in the Universalis
muslcnles on Sunday afternoon drag
Into untold length, Mr. Bates does not
say ithut they were all right; nor does
he ikiss them by and say nothing about
them. He is not afraid to express his
own opinion.
His explanations to his class in En
glish versification show that he under
stands music as well as poetry. The
uulverfrftv regrets his departure. He has
worked for Its Interests In many iwuys
and has helped In raising the standard
of the English department. It is to be
rejoiced over that he has come down
from his observatory on the fourth floor
among rafters, beams and dust, before
he goes that he may not have that as
the last recollection of the university.
BETAS ENTERTAIN.
The Alpha Tau chapter of Beta Theta
PI entertained Saturday evening at the
chapter house, 1023 H street. The rooms
were elegantly decorated with flags,
flowers and the colors of the fraternity.
The entire lower floor was canvassed
to afford ample dancing room to the
participants. Miss Wllloughby furn
ished the music. Those present were:
Mr. and Mrs. F. D. Cornell, Mr. and
Mrs. F. H. Woods; Misses Rlghter and
Burks of Beatrice, Garten, Cochrane,
Wntklns, Camp, Slaughter, Weeks, Wal
ton, Mount of Omaha, Cropsey, Colson,
Fechet, Hansen, Rlsser, Lau, Vancll
and Nance; Messrs. White, Harley,
Sabln of Beatrice; Cook, Beoher, Barnes,
Forbes, Cooley, McLucas, Adams,
Everett, Ames, Robinson, Lehman,
Lehman, Thorp, RIcketts, Hyde, Tulloss,
Cramb, Rain, Hartigon, Burks, Burks,
Lau and Hendy,
WILL STUDY ARMENIA.
Next Sunday, March 1, will be de
voted ito a study of Armenia by the
Christian associations at their regular
meeting a)t -1 o'clock In the chapel. The
following topics will .he discussed:
"State of Civilization of Armenia Be
fore the Persecutions," toy Miss Hall.
"The Armenians of Today," by MIbb
Maude Atkinson.
"What Should Bo ithe Atitttudo of
Christians Toward Armenia?" by Mr.
Kuhns.
Mr. Plnkeriton will lead ithe meeting.
From the great sympathy of our Ameri
can people for downtrodden Armenia
this meeting will probably be well at
tended by our students.
JOINT DEBATE WITH DOANE
HELD IN CHAPEL SATURDAY
Tho Hoyn Put up rt Good Tnlk -Glut or
Tholr ArgumontBTho Bonuo
Boyn All Right.
Tho first Joint debate between I1hbi
college and the Union boys' debating
dub was held In the university chapel
lawt Saturday evening. A good audlotue
was present to encourage the boys in
this kind of work. Some twelve or fif
teen Doauo students vorc present to
Inspire their champions.
The question for debate was. "Ite
Fo)vod, That the contract entered into
by" tho present administration last
February with the so-called bond syndi
cate was Justifiable.' Messrs. An
dreas, Ellis, Morgan and Owen of tho
Doano college defended tho atllrmatlve.
while the Union boys yore represented
by Messrs. Senrson, Horner, Mngulre
and Lien. . ,
Mr. Andress opened for the nfllrma
tlw. He saild groat men have arisen at
every crisis of our nation's history.
President Cleveland was the hero of the
hour during the late financial depres
sion. The silver lenders had fed the
country on wind. It could nut live on
this alone. It must have some food
gold. The atllrmatlve; he said, would
prove that the conditions necessitated
the bond contract; the contract was the
best that could have been made under
the circumstances; anthat results had
justified it.
Mr. Searson then arose "to give tho
audience food." His opponent's argu
ment had been built uoii tho assump
tion that a gold reserve, wus necessary.
He reviewed the acts of congress on
this question and showl-d that a reserve
was not required by lav. Nor is there
any economic basis foi a reserve. He
affirmed that the adninlstraltlon was
responsible for the coMdltlon of the
treasury. r "
Mj Ellis reidlea tjhaA a gold reserve
was-necessary 'to nuuiaaTn the parity
between gold and silver. We are on a
gold basis. It would be dishonest for
the United States to depart from tho
standard In which "it had contracted Its
obligations. Our government In Us In
fancy had inaugurated the iolicy of
paying its debts In full.
J. F. Boomer replied for the negative.
He thought that the withdrawal of the
gold reserve would not reduce us to a
stiver basis. The recent popular bond
issue had disproved the wisdom of the
contract. The bonds had been dlsjoaed
of at a better figure than by contract.
E. C. Morgan showed that it wus
s-lpulated In the contract that the
syndicate should use Its influence to
stop the outflow of gold. By means of
this contract the government had
brought to Us support the best banks
of America and England.
P. J. Magulre argued that gold had
been constantly withdrawn since 1SS8.
The administration had had time to
prepare for an emergency. It had
failed to do so, and when things came
to a crisis, It had dispatched an agent
to New York to secretly negotiate a
loan. This secrecy and fear of lotting
the people know the real condition of -the
treasury had done more to damage pub
lic credit than the withdrawal of gold.
He quoted from ex-Secretary Manning
to show it halt the treasury had main
tained the right of redeeming In silver
os well as gold.
Mr. Owen thought that the bond con
tract had Justified itself. The improve
ment In business was due 'to the con
tract. Our nat.on's credit has been
saved. It has fiat repudiated its debts.
Mr. Lien revtlewed the arguments
brought forth on both sides. The con
tract had ben condemned by the re
cent popular fcan. A bond issue has not
been necessaiy during the recent crisis,
he said. A itiper currency could have
been maintained. In support oX this he
quoted from, the bulletin report of
England.
Mr. Andnss reviewed the points
made by thejafllrmatlve and closed the
debate in a five minute speech,
The progr.im was opened and closed
by musical j selections. Miss Anettc
Abbdut rendered a vocal solo and the
Union boys' quartet gave a selection.
Both were eiijoyed.
The speeolLs on 'both sides were good.
As a rule tie Union boys understood
the questloi better than their oppon.
entts. They jeemed to bo inoro familiar
with the lit ature on the subject.
The university students are unanirm
ouh in the opinion that At wat the
cleanest Joint debate over (held have.
Thoro woro no digressions to toll stories
and make personal Illngs.
STUDENT'S RECITAL.
The fifth rootuil of itho university
school of music occurred In the cliapul
Wednesday night. A fair Hissed uudl
enoe, with a freezing stylo of uppluuso,
was present. Each number showed
marked improvement.
Miss Wright rendered tho dllllrult
"Vwhttl Caitlno,, from Mozart's Don
iltovunnl In an exceedingly pleasing
manner. Tho piano solo by Miss llun
wii wis very well rendered. Muster
Uoorge Kimball, son of Director Kim
ball, bids fair to become a very good
'cellist. This was his first uppearunce
before Hie public. He already brings
out a full sound tone so necessary In
'cello music. After hearing tho ladles'
quartet sing college songs one Is re
minded that the Uloo club will soon bo
pushed hard for first place. The pro
gram "in full Is as folows:
Uulles' quartet, "Twilight," Kosahat.
(iei'trude Wright, Jessie Lansing, lmo
gene Chiton, Ethel Galley.
IMano solo, 'The Fountain," Lysborg,
Mlnivie liny.
Soprano solo, "Tho Double Loss,"
Meyer-Holmund; "Over the Heather,"
Frank Lynes, Elsie Beaver.
Piano solo, "Schlummer," Hod. op. l?.l,
.Schumann, May Belle Hagenow.
Contralto solo, "Serenade," Noldlin
ger; "When to They Vision," Gounod,
Jessie Lansing.
Duet, "Wanderer's Night Song,"
Rubinstein, Nina Easton and Ethel Gal
ley. 'Cello solo, "Song Without Words,"
J. WVsIs, George P. Kimball.
Soprano solo, "Vedrai Carina," Mozart,
Gertrude Wright.
Piano solo, "Llebesllehen," Graham
Moore, Gertrude Hansen.
Ladles' quartet, "Nut Brown Maiden,"
"Drinking Song," college songs, Ger
trude Wright, Jessie Lansing, Imogene
Clinton, Ethel Galley.
PHILHARMONIC CONCERT.
. . TJyi. Ph Uharmonlo . orchestra. , tdis-
tingulshed Itself beyond ahe expecta
tions of its most enthusiastic admirers
Tuesday evomlng, the occasion being
their annual concert.
All of tholr selections showed results
of hard, careful training. They showed
their ability to handle with ease any
thing from the majestic Coronation
march from Meyebeer's "The Prophet"
to beautiful pianissimo accompani
ments. Mr. Charles Hagenow surprised nil his
friends by his excellent Interpretation
of Llplnskl's "Concerto MilHalre," ac
companied by the orchestra. After pro
longed applause he responded with
David's "At the Fountain," played with
apparent ease.
Mrs, Llpplncott, as usual, delighted
the audience. Her rendition of Ardlttl's
"Parlai? brought hearty applause to
which Hlic responded with "The Sweet
est Story Ever Told." The quartet com
posed of Mrs. Llpplncott, Miss Getner,
Messrs. Seamark and Tut'tie sang
Verdi's "Rlgoletto" In a pleasing man
ner and responded to a hearty encore.
Mr. Hagenow was called out after
each orchestra number by prolonged
applause and was finally obliged to re
peat the dreamy "Flirtation" given by
tho stringed instruments in the or
chestra. The orchestra Is composed of the best
musicians of the university and city
under the dlreotlon of Mr. Hagenow of
the university conservatory of music.
Its object 1b to elevate the musical
standard of Lincoln. The opera house
was well filled. However, a scarcity of
university students was noticed. This
Is unfortunate, as the studonts have
been regarded as conspicuous In the
class which Is raising the standard of
any branch of education.
THE PROGRAM.
Overture "Masbanlclio" Aubcr
Bridal Chorus.... "Lohengrin" Wagner
Sextet "Lucia dlLammermoor" Donulzcttl
"Mlgnon" Polonalso. . . .Tlios. Pease
Minnie Rothschild Herzog.
Slavonic Dances. .Nob. 1 and 2 Dvorak
"Parla..Mrs. C. 8. Llpplncott Ardltl
Overture Don Giovanni Mozart
Concerto "Mllltalro" Llplnskl
Mr. Charles Hagenow.
Waltz "Dolores" ....Waldtcufel
Quartet "Rlgoletto" Verdi
Mrs. Llpplncott, Miss Getner, Sir.
Seamark, Mr. Tuttle.
(a.) "La Touplo" (The Top) Gillett
(b.) "Flirtation" Stock
String Orchestra.
Coronation March. "Tho Prophet"
Meyerbeer
MADE A NEW CONSTITUTION
FOR THE ATHLETIC BOARD
A Now Bot of llulon Has Boon Adopted
for tho Now Board to Work
Undor-What Thoy Aro.
Tho following constitution of tho uni
versity board of athletics at tho uni
versity of Nebraska has boon finally
adopted:
1. Thoro Is hereby created a univer
sity board for tho regulation of ath
letic sports In tho university of Ne
braska. 2. The board shall havo full control
of all questions pertaining to athletics.
3. This board shall consist of ton
members, live of whom shall bo tho
board of dlroators of tho Student Altlt
letlc association. Tho remaining live
shall bo members of tho faculty, chosen
as follows: Three by tho gonoral faculty
and two by tho board of directors of the
Student Athletic association.
4. The board ot directors shall elect
Its own officers Mtnd BUb-commlttces
and shall havo power to select mana
gers, coachcrs and trainers of all teams.
0. Any student violating a rule or or
der of this board shall bo subjected to
discipline by the general faculty.
G. Tho board shall hold a regular
meeting on the third Friday of each
month nt 4 o'clock. Special meetings
may bo called by the chairman at tho
request of any two members.
7. A majority vote shall decide all
questions. Six members of tho board
shall constitute a quorum.
5. No person shall play on any ath
letlo team or compete In any athletic
contest who Is not a regular member of
the university, in good standing.
9. No person having any condition
shall be allowed to play on any athletic
team of the university without speciul
permission of the board.
10; No person in the university Bhall
&.
compensn
mipensatlon whatsoever for playing
on any athletic team of the university.
11. No student shall engage In any
athletic game or contest until his fit
ness bus been favorably passed upon by
the physical director.
12. Permission for any team to leave
town must bo obtained from the chan
cellor. 13. The captain of each athlotic team
shall be responsible to this board for
any violation of these rules by Ids team.
14. All schedules of games shall be ap
pioved by tills board.
15. Tills constitution may bo amended
by a two-thirds vote of the board.
The studonts of tho college of law of
the university organized a young men's
republican club at the college yesterday
afternoon. Tho meeting was called to
order by W. V. Hoaglant who stated
briefly the object of the meeting. Mr.
J. L. Stephens was elected temporary
president. On motion a committee of
three, composed of Messrs. Hoagland,
Castor and Weaver, was appointed to
report a constitution which was adopt
ed. Tho club then elected officers as
follows: President, D. L. IClllon; first
vice president, A.J. Abbott; second vice
president, L. C. Day; secretary, G. M.
Castor; itreasurer, C. L. Wilson. As
delegate to the national organization at
Chicago m April A. J. Weavor was
chosen to represent the club.
F. W. Taylor is now collecting ma
terial for the state horticultural roport.
The report will consist chiefly of papers
on small frutt, other tlian tho grape,
which was (treated fully last year. One
hundred pages or more will be given to
a complete report on the birds of the
state by Professor Bruner. This will
be the moat complete report ever issued
by any state on birds, and will show
that Nebraska has more species Ithan
any other state.
Notlco has been posted on the chan
cellor's board announcing that Colum
bia university, New York, offers twon-ty-four
university fellowships of $500
each, with free tuVWon, and thirty uni
versity BcholarslUps of $150 each. Stu
dents who arc taking advanced work
in history, economics and political
science and desire ito contlnuo tholr
studies along these lines would do well
to call alt the office for particulars. Ap
plications must be made before March 1.
The sophomore Latin class went
through the ordeal of an exam In Ter
renco Thursday.
A
