THE DAILY BEE : SUNDAY , JULY 2 , 1893-SIXTBEN PAGES.
THE DAILY
P. UOSKWATRn , Editor.
nvnuY MORNING.
TEIIMS OF SUnSOIlll'TlON.
Pally rtcMwIlhont Pimany ) "no Year. . 8 00
linllv timl Suml y , Ono Year . JO | W
HU Month . JJ1 ? } '
Three MnnllK . , . H ; $
Hnndnjr lice , On Ynir . > " }
Pal imfny Ilcc. Ouo YOM . . . f } ; "
x ° °
Weekly IJCc , Ono Ymr .
orncns.
Onulin , Thi Nco Ilnlldlnff. . . . - . _ . .
Hoxith OtrtHlift , corner N nnd 2rtth Strcote
Council Jllufrn. 12 1'imrl Htroot.
n.loaw . Ofilro , " 17 UliAinhor of Cpinnjetca.
Now York , IJiwins 13 , 14 und 15. Tribune
Ihilldlns.
Washington , MS rmirlennlh Street.
All communications rnlntjns * " " " ; ' 15"
rclllnrltil tnnllor should lw addrossodi To the
EllUor'
'
nusiNEss LBTTKHS.
AlllitiolnrsslMtnrs Mid rrinlttanCM slin'ild
licnildroMod inTlio oo I'libllshlnK Co nipijny ,
Omaha. Urafli. phcisk .inci noitofltee orders
tolxinii1oii.vyablo : to tlio onlcr ot vlia com-
imny.
I'artloM lonvlns thortty Tor the Rummer cnn
lm\ollio Hr.r.Mintlliolt address by leaving an
order at this nfllco , . . .
TUB BEE PUPUSmXO COMPANy.
SWOnil STATEMBXT OP CIRCULATION.
SUiln of XrimiMin. I
( iro. II. towluick. St rotnry of Tar. TIKE puWJuV
Inc ciimpnny iloos lolcinnlv nxx-enr ; tlml tliu nctu.-il
ptrrnlntimt of TUB DAILY HKB for Uiq wcuk main *
July 1 , 1893 , was as follows !
flimiliy.Junnsr. . . . . . . . . C.O.
Monday. .Tnnu2fl !
Tnrmlijr.-Jiliinl > 7
Wdliiowlnv. Juni 28
Tlitirttlnv , Jimn 20 . Hi2 : ! !
Prlitav , Junn Ml ) . . . tt-SA
Kattmliiy.Jiilyl. . . . ; . lit. 180
OKOIUII : 11. Tzsciiriic.
. i , SWORN to before mf ami nnliscrllyd In
iHKMrmy ! presence this 1st diy of Jnlv , 1HIM.
I Y I N. l . PKIL , Notary 1'ubllc.
iTIin lira III ClilrilRo.
Tun DAILY nnel SUNDAY HRK Is on sale In
Chlrnjro nt tlio following places :
I'nlnipr linuic.
( linnd I'nrlflc liolol.
Andlturliini liotol.
( Ircnt Not thorn hoteL
fiorqlintol.
Lflllllll llOtol.
Wells H. Hirer , 1R9 State strcot ,
rili" ? of THE IlKK can bo scon nt tlio NP-
liraMcn Inilldlnt ; anil tlio Ailinlnlstrutloii build-
in ? , Exposition croumls.
AirrnKoClrrulatldii for .linio , 1803 , S4.310
\Vn OFPKU congratulations to the
State Bunking board In the fact thnt
it shows ovldonco of returning nerve
force.
KY is not BO remarkably scarce in
Omaha when the city treasurer takes in
over $30,000 , in a singln day. Onmlm 1ms
] ) lonty of money. What she wants ia
more confidence.
BY ALL moans Omaha should have a
Homo for the Aged. The market house
project , the union depot and the north
west railroad scheme are all eligible
candidates for admission.
TIIK results of the by-clcctions in
Germany prove conclusively that the
Gorman people have a more wholesome
dread of socialism than of an increased
expenditure for the army.
Tim May statement of the Biirlington
system of railroads isr in strange con
trast with the doleful complaints of its
ollicers. The statement shows a marked
increase in both freight and pussonprer
- earnings. _ _ _ _ _ _ _ _ _ _
SLOWLY but surely Gladstone Is pressing -
ing the Irish homo rule bill to a final
and doclslvo vote. That it will pass the
IIouso of Commons is not doubted , and
its triumph will bo a fitting climax to
the career of England , great commoner.
THE revenue revision commission of
Iowa has completed its report , which
may bo published in a few days. The
conclusions reached will ba of unusual
interest to the people Of Nebraska , who
appreciate the necessity for a revision of
the revenue laws of this state.
TIIK sentence imposed upon Gorham
Betts horvos to emphasize the fact that
there are other men more vulnerable
than ho who richly deserve punishment.
Most of these , however , have money and
money is all powerful in thwarting the
administration of justice in Lancaster.
IN THEin exultation over the results
of the cowboy race the agents of the
humane societies Boom to Imvo over
looked the case of the brute in human
form who throw two harmless Mexican
burros down the precipice of tlio clilT
dwellers exhibit simply because ho
wanted all the pathway to himself.
THE fact that the death of Mr. A. J.
Drexel , the great Philadelphia capital
ist who invested in Omaha , wljl not in
terfere with the plans of the East Omaha
Land company is a matter for congratu
lation. Tills public spirited company is
doing more for the development of
Omaha just now than any other agency.
EX-PIHSIDENT HAIIUISON has the
happy faculty , possessed by so few of our
public men , of being able to condense a
volume into a paragraph. When ho
said inn recent interview that "tho re
peal of the Sherman act would have a
good olTect upon the imagination of the
people , " ho expressed the cause and
effect of the existing panic in a nutshell.
Tin : demands of the tux collector are
inexorable and must bo met. But the
movement in this city to suspend the
delinquent penalty for thirty days , or
until August 1 , is not without reason and
good conscience. The best men in Omaha
arc urging the banks to bo lenient with
honest patrons. The same conditions in
spire u like request of tlio city govern
ment.
ONE of the most encouraging signs of
the times Is the increased activity in the
exportation'of American wheat. The
fact that 14,000,000 bushels wore cleared
from Atlantic and Paclflo ports during
the four weeks ending Juno 211 ought to
haru a stimulating if not an immediate
effect upon prices. The only drawback
is the extremely low price which wheat
commando at this juncture in the Euro
pean market.
LATER and fuller details of the disas
ter to the British
man-of-war Victoria
provo that it might have boon prevented
by better seamanship. Friends of tlio
American navy will bo glad to know
that the movement which the English
squadron executed with such fatal re
sults is obsolete in the naval tactics
books pf this countryv As usual Ameri
cans huvo profited by the sad experience
of other nations.
T11K FOURTH.
Moro than ordinary attention will bo
given this ycnr In parts ol the country
to the colobratlon of Indopondoneo day ,
nnd rory generally there aooms llkoty to
to rather moro Interest than usual mnnlIi
fosted by the people In the observance of
this holiday. The colobratlon In Chiv
cugo will doubtless bo the most olabor-
nto and mcmorablo over known , Phllafi
dolphia has mudo great preparations for
properly observing the day , and In other
cities the coming "Fourth" will witness
a patriotic commemoration of that
great event In human history , the
declaration of American Independence.
The tlmo is auspicious for giving the
world n splendid object lessen In the
patriotism of the people of this republic ,
In the current number of 27io Fen < m
Julia Ward Howe submits some tlraoly
nnd judicious suggestions as to hoxv the
Fourth of July should bo celebrated seas
as to mnko it a true lostlva ) , a national
soionmityjwithout forgetting the claims
ot the young to bo uniused as well as to
bo Instructed. She does not propose
that the childish pleasure of the day
shall , bo abridged. "Wo must allow
children the explosion of animal spirits ,
and they xvlll delight , as some grown up
people will , in much that is irrational , "
but Mrs. Howe thinlcs the day Itself Js
too important to bo muda ono of moro
noise und parade. "It should bo made
highly valuable for Impressing upon
the minds of the young the history of
their national liberty and Its cause. "
She suggests that in the first place the
day might litly bo made ono of reunion
by dllTeront clubs and associations of
culture nnd philanthropy. "I can
imagine civic banquets , " writes Mrs.
Howe , "of n serious nnd stately charac
ter In which men and women
might sit together and pledge
each other in the exhilaration of friend
ship and good fooling. " She would
Imvo processions , but have thorn less
military in character ami moro pacific in
suggestion. The Fourth might bo
ushered in with martial music and a
military display sulllciont to recall the
services of the bravo men who gave our
fathers liberty ; there could bo orations
in various public buildings and "a
spartan feast , wholesome and simple ; "
there might bo exorcises for the chil
dren of the public schools , examina
tion of classes in American history ,
prizes given for essays on historical
and patriotic subjects ; following
all this a gathering in public
gardens and a tea with fruit and flowers
served for the children of the . city ; and
in the evening the singing of national
anthems , tableaux vivnnts and fire
works , concluding with a pastoral bene
diction in some form. Mrs. Howe would
make the occasion one for the signing of
pledges of good citizenship , uncl she
would also have "tho great political
olTonsos of the century fitly shown , the
crimes of Louis Napoleon , the rapacious
wars of Germany. Franco and England , .
the wicked persecution of the Jews. "
"Now that wo are ncaring the
close of our nineteenth century , "
she observes , ' 'it becomes most im
portant for us that its historic record
phoiild. 'bo truly rehearsed , its great
saints and sinners characterized , its
wonderful discoveries and inventions ex-
' ; '
'plained1
There is unquestionably a great deal
of merit in this plan for a serious and
rational observance of the Fourth of
July. If put into olTect generally where
the conditions are favorable it is not to
bo doubted that the results would bo'
gratifying. But the program contem
plates moro than could bo usefully ac
complished in a single day , and besides ,
there are few communities where
a sufficient number of people could
bo found from year to year
willing to take the trouble of preparing
so varied and comprehensive a celebra
tion , while the question of expense
might be an even more serious ditlleulty.
It is certainly desirable to give thla
holiday a somewhat higher significance
and broader scope than it obtains from
the usual-method of its observance , but
as it is it still exorcises a great influence
in refreshing the popular patriotism.
BUILDING
The world's congress of building and
loan associations which assembled in
Chicago last week was a notable gather
ing. It was the first congress of repre
sentative men actively engaged in an
economic movement of great import
ance , and its deliberations , summarized
elsewhere , are therefore especially In
teresting.
While most of the papers presented
and the discussion ? concerned the sys
tems and management of associations ,
two features concern the general public.
These were the statistics of homo
association growth and the uuity of sen
timent for thorough state supervision.
Superintendent Wright of the United
States department of lubor submitted
an outline of the investigation of the
department Into building associations.
Tlio figures , although incomplete , show
this beneficent form of co-operation to
have reached astounding proportions.
From the data available he shows that
at tlio beginning of the year there wore
5,800 association ? in the United States ,
with 1,050,450 shareholders and not as
sets amounting to nearly $900,000,000. , '
The parent state , Pennsylvania , heads
the column , followed by Ohio , Illinois
and Indiana in their ordor. Nebraska
make ? a creditable showing with
Boventy-ono associations and usjot.i approaching
preaching $0,000,000. , Although oo-op-
nrutlve home building wxi f jundoi in
tills country sixty years ago. its general
growth and widespread popularity is the
work of1 the past twenty yours. Tlio
strength it has attained in public
estimation in a brief period Justifies the
prediction of Mr. Wright that it IB
destined to surpass savings banks , both as
to deposits and depositors. The urgent
demand for regulation that regulates
and olTeativo state supervision is an echo
of the well known sentiment of managers
of legltamato associations. In moat of
the status lawa have boon onautod to
protect the people from fraudulent con
cerns masquerading under the name ot
building and loan associations and
profiting by tholr popularity. But this
is not enough. The honest associa
tion la liable to injure its shareholders
through incompetence and negligence.
Regulation should , therefore , aim to
eliminate the fraudulent and chock the
Incompetent. I : Supervision to bo effective
should go down into the bowels of assoi
clntlons. Every transaction should bo
examined by a competent official , and
in case fraud or Incompetence is manl1
fcst , proceedings should bo instituted to
wind up the concern.
The Nebraska law , even with its doc
foots , gives the banking board ample
supervisory powers over building and
loan associations , both at their incopS
tlon and in tholr operation. The fact
that legitimate associations persistently
urge greater vigilance in this respect
should stimulate the authorities , not
only In guarding chartered associations ,
but in preventing fraudulent concerns
from obtaining money under false pre
tenses.
SILVER AND TIIK MAHUIX OF I'/IODDO
The past week's complications in the
silver market afford a very forcible
illustration ( ending to bear out some of
the recent economic theories upon the
H'.iostion of value and prices. When
Ricardo formulated the theory of eco
nomic rent otirly in the. century , ho laid
the basis for the proposition that the
prleoof agricultural produce wna not
solely dependent iipon the amount of
labor expended In producing any par
ticular part of the supply. As devel
oped by his followers It was stated In
these words , namely , the price of agri
cultural produce is fixed by the margin
of . cultivation. This rule , or so-called
law , was taken to hoid good for all com-
moditlos raised or extracted from the
soil and the laxv of rent was accordingly
extended to Include lands devoted to
mines and mining.
. The economist Jovons was probably
Iho first to question the universality of
this rule as thus laid down. Ho , in his
work on money , gave utterance to the
apparent paradox that in the case of the
money metals the very opposite was true ,
that the price fixed the margin of culti
vation although the converse might pos
sibly apply to the annual ngricultaral
crop. In oth or xvords , wherever wo have
a comparatively indestructible stock of
goods , wherever the annual production
bears but an extremely small ratio to
the total available supply , wherever the
demand is relatively stable and it is im
possible to materially alter the supply
except in long time-periods wherever
all these conditions are present , the
price as regulated by the existing rela
tion of supply and demand will deter
mine whether or not it is profitable to
operate the mines at the margin of pro
duction. If the cost of producing the
last increment of the supply is identical
with its price , it is only beoaiiso the
latter will not warrant the xvorkiug of
mines just below the margin for the tlmo
being. '
The now" Austrian school of econo
mists , in reality the successors of
Jcvons , have worked along both of these
linos. They maintain that price is fixed
by the cost of producing the final or
marginal increment , but at the same
time recognize the interaction of the
price upon the margin. It is this inter
action which has boon so clearly illus
trated by the present silver Hurry. The
price of silver has heretofore boon 'at a
point which has enabled all the mines to
bo profitably worked to Iheir full
capacity. The cost of raising the ore in
some was much loss than -others.but
the difference merely inured to the
owners as extra profit or quasi-rent. As
the price of silver has declined the re
turns have failed to cover the cost of
production in the more poorly situated
minos. Even then it was not necessarily
advantageous to shut doxvn. An im
mense amount of fixed capital has been
sunk in these mines and if the mines
are closed this huge sum lies idle.
Under such circumstances any re
turn over nnd above the actual
daily operating expenses is so far a
contribution to the interest account.
Tlio slightest possible interest is bettor
than no interest at all. So these mines
have continued to pour out their silver
so long as the price has covered the
moro \vorking expenses. Evidently only
n few mines have gotten , to so low a
point , but all have been visibly affected.
When the Colorado mine ovraors on
Thursday "resolved to completely close
down all silver mines , mills and smelters
in Colorado until such time ns silver is
appreciated at its proper worth" wo saw
the actual evidence that the margin of
production of silver had been changed
by the decreased price of silver result
ing from the annihilation of India's de
mand. Some of the mines previously
far above the margin could undoubtedly
have continued to bo profitably worked ,
but the margin had risen BO high that
the greater number of mines foil boloxv
it , and the owners , recognizing their
solidarity of interests , ordered all closed
at once. This event then , besides its
great practical bearing1 , has a theoretical
significance as woll. However defective
the recent theories of value may bo in
other respects , ono Important phase
the interaction of price nnd the margin
of production has ooon greatly
Htrcngthonod by the illustration just
OP A mo SWINDLE.
The Now York World gives a complete
history of the National Cordage com
pany which it terms > ( a big swindle. "
The reports of the company shoxv that
85,000,000 , of preferred and $10000,000 , of
common stock of January 15 , 1801 , was
listed. Its present "reorganization
plan" calls for $8,000,000 , preferred and
820,000,000 , common an increase of
315,000,000 in the stock which itwould
dispose of to a orodulous public.
That the people may understand the
facts on which these schemersbasa , this
enormous augmented issue of stock the
folloxvlng figures are quoted from the
company's report of its resources October
ai , 1801 : Asbots , merchandise , $3,143-
703.00 ; accounts and bills receivable ,
82,057,570.01 , ! cash , $540,251.01 ; real
estate , buildingd , machinery and lease
holds , $17,077,500 , a total of $23,110-
120.04. Liabilities , stock and bills pay
able , $10,712,800.00 , leaving a surplus of
$3,700,313.45. The report also shows an
oxccss of current assotn above current
liabilities of $1,028,813.45. Dividends
paid , 8 per cent on preferred und 0 pov
cent on common.
On May 4,1893 , the value of the plant
and realty had declined from S17,077,50C
to $15,208,800 , whllo ; the current assets
and liabilities stotfd'r' Current nsoU , '
including i tnorohnmje& ) ! bills receivable ,
cash , etc. , but not Including plant , realty
nor good will , 81CLM01 , 37.13. Current
liabilities , accountpayabo ] , not includ
ing 1 bonds of seoufltyt/ corporation nor
capital stocks , $11,930,417.71. , , n deficiency
of $1,522,700.58. J l
The excess of current assets of $1,023-
813 In 1S)1 ! ) had Irccotuo a deficiency of
81,522,700 in 1803-a docllno of 33,151,574
in the condition of'tills trust concern.
The report also shows n shrinkage on
the plant of $ ) f803,03Q. { , Yet not
withstanding ( hlfl , ' marked dcclino
In 1 the value and r earning power
of the company , the company last
October announced that it hod
made n profit during tho'yoar of $2,817- ,
003 and paid $1,450,000 In dividends ; It
is j on such figures of decline In earning
power , and shrinkage in the vuluo of the
plant , gilded over with tlio pinchbeck of
fraudulent dividends , that this combine
proposes an increase of the stock from
$15,000,000 to $23,000,000. The company
even has the sublime audacity to prom
ise the stockholders n dividend ot 8 per
cent on this Increased stock.
If any one is so gullible as to bo taken
In by any such confidence game ho will
bo entitled to little sympathy or com
miseration. In reviewing the above
figures it is perfectly clear , as
the World 'says , "that the state
ments on the strength of which
the stock was listed and sold wore
utterly false ; that of the dividends so
lavishly paid Jor the purpose of supporting -
ing the stock on the market not one dollar
lar was earned ; that the scheme was
fraudulent as well as unlawful in its in
ception and has been fraudulently car
ried out. The law makes it a crime to
organize Or maintain such a company.
That crime has been committed. "
The World insists upon the prosecu
tion of the company under the Now
York pence code , but this is not the only
vicious combine that has imposed upon
the public by exactly the same villain
ous methods herein exposed. Nor is it
likely to prove the last untilsomo drastic
administration of justice may have the
effect of swooping such fraudulent stocks
from the market and such illegitimate
concerns out of existence.
MUMCll-AL
The science of municipal government
in the United States has unquestionably
made rapid strides within the past
decade. The extraordinary growth of
the urban population Of the country has
boon accompanied by a realization of
the necessity fo ' 'reform ' in existing
methods of municipal administration ,
and the students of-'spdlal problems have
turned to the solgtlqu of new and un
expected questions. ! / 7Tho people con
gregated in the largd centers of popu
lation are beginning , ' 'ip realize that the
necessities of municipal government.de
mand something 'iHb'ro of them than the
moro election of inayors and aldermen ,
the imposition ototaxos , the regulation
of a few recognized evijs and the punish
ment of potty offenders. They are beginning -
ginning to realizofthls because they are
forced to the unw c'oi&o ' conclusion that
mayors and aldermen are not always
truet6'thotrusts > "imposod upon them ,
that all taxes are not Imposed so tliat
the burdon.is equally distributed , that
recognized evils are not controlled and
that offenders are not always punished
according to their deserts. It is because
of the failure of existing policies and
the inadequacies of present systems
that the people are seeking now light
in methods of municipal government.
Ono of the greatest evils with which
existing municipal methods have to con
tend is the almost general evasion by
large corporations of their just proportion
tion of taxes. In this respect the his
tory of Omaha Is the history of every
large city in the country. No sensible
man will seriously contend , even for a
moment , that the burden of taxation
rests as heavily upon the great street
railway , gas , electric light , water and
telephone companies as upon the Indus
trious class of citizens who work with
their hands for their broad and who
build tholr own homes from the slow ac
cumulation of savings. By a persistent
and disgraceful interference in munici
pal politics , these private corporations
in nil largo centers of population
have for years practically controlled
the city governments in tholr own
Interests. Tax shirking has become the
rule rather than the exception. The
abuse of the taxing system has become
so flagrant that there is today all over
the country a rapidly increasing de
mand , not only for return to honest
methods , but for a radical revision of
the entire revenue system. The demand
is , as yet , looked upon with indifference
by the mon against whom it is directed ,
but unless the needed reforms come
within the near future , the people will
bo roused to take the matter into their
own hands.
The agitation of the question of muni
cipal reform has drawn publio attention
to the value of the public franchises
given to private corporations in
all largo cities and there is
undoubtedly a growing sentiment in
favor of some divl lpn , ; of not earnings
between the stockholders of certain of
these corporations and the taxpayers
of the city. This Tjonllmont practically
amounts to a demand for municipal
profit shoring. Under the present crude
and unsatisfuotoryiftyfctom the municipal
corporation contributes the franchise
and the private cWfjWatlon the capital.
Both 1110 indispan a.bo. ) The franchise
in any largo city la'moro ' valuable than
any other part of a , , corporation's assets ,
the only difference being that the fran
chise is Jntangiblu' ' whllo the plant Is
tangible. The relation between the people
. , plo of the city and.tho stockholders of
the corporation ought to bo in
the nature of a copartnership and
the proposition that the taxpayers who
contribute that part1 of the necessary
capital known as the franchise or right
of wav are entitled to a reasonable share
of the earnings , has noyor yet boon con'
trovortod by a valid objection. Under
the present methods the taxpayers'
share , which Gome's to them In the shape
of taxes , is not an equitable one.
The justice of the proposition Is Imme
diately recognized by all mon who are
earnestly favoring reform in municipal
methods. It is recognized in Montreal ,
where the street rnllwny companies pay
a percentage of gross earnings Into the
city treasury. It Is recognized In
Brooklyn , N. Y. , where the now
rapid transit company received its
charter only on the condition that the
earnings of the company nro divided
between the stockholders nnd the tax
payers. The proposition Is even reoog-
nlzod so far west ns Kansas City , where
the gas company will obtain a renewal
of Its franchise only by turning into the
city treasury a poreontago of rross earn *
Ings. It will take some time , perhaps
years , to induce the people to take con
certed aptlon to bring about the now ro-
forms. In n younger city Hko Omahn
existing franchises must needs oxplro
by limitation ; but when the tlmo comes ,
the private -corporations which are now
taking largo dividends from the people
plo should bo required to return
to the city treasury annually n
just proportion of tholr earnings ,
based upon a careful adjustment of the
interests of the taxpayers who con- _
tribute the franchise ami of the men
who invest'tho capital. When that day
comes the city government can bo
largely supported by the revenue tle-
rlvcd from the municipal gas , electric
light , water , telephone and transporta
tion service , operated either directly by
the city or by quasi-public corporations.
from Mexico , which remains the
only silver country In the world , comes a
pretty clear conception , of some of the
causes thnt have led to the present finan-
eial condition In the United States. The
Mexican J < 't'iifoici'cr does not attribute
the money failures that have taken place
here within the past few weeks to a
"tight money market. " That this is not
the cause is made evident , It says , by the
fact that during the past few months
the currency has boon increased by the
issue of $15,00"0,000 in treasury notes
which have been paid out in the pur
chase ot silver bullion by the govern
ment under the Sherman silver act ,
The gold thnt has been going to Kuropo
has been taken from the vaults of the
national treasury and not from the banks
or pockets of the pooplo. The real rea
son for the stringency it finds "in the
lessoned confidence of the banks and the
money lenders in the ability of the bor
rowers to repay the loans demanded.
And behind this distrustful sentiment of
the holders of money lies the fear that
the country Is coming to a silver basis
and will soon bo in the sama plight as are
India and this country. Credit has
been withdrawn because lenders do not
care to run the risk ot being paid in a
CS-cont dollar. No man wishes to lend
gold dollars today and a month hence to
bo paid in silver dollars. That is the
rub' in the United States. "
ONLY last April the jobbers and , manu
facturers of Omaha wore congratulat
ing themselves upon increased trade and
good collections. Country merchants
wore paying their bills promptly , which
meant that the farmers and consumers
generally wore prosperous and hopeful.
But the contagion of a stringent money
market and the widespread doubt as to
the future policy of the government has
blighted the trade of this section. Sixty
days ago it was impossible to forecast
'the crop situation In Nebraska , but the
people generally have confidence in the
wealth-producing resources of the state ,
and tiroes wore good. Now , in the face
of a bright premise of un abundant
harvest , tradesmen are deep down In the
slough of dospond. These comparative
conditions within so brief a period are
paradoxical. They cannot bo fully explained -
plained on the theory of cause and ef
fect. But wo all have to admit that they
exist and lot it go at that.
IT SEEMS strange that railroad com
panies should complain of the unprofita
bleness of passenger traffic in view of
the fact that they find it impossible to
make Fourth of July excursion rates on
account of the vast crowds that are
going to the exposition.
Doing ( Joocl "With Tlinlr Million ) .
C'iMCtnnntt Commercial.
Tno country cnn look with equanimity
upon the accumulation of vast personal
fortunes by suoh mon as Stanford and
Rockefeller. Their endowments of univer
sities mid collopos are the highest form of
jiractlcul philanthropy. As tticlr ondow-
munts were not posthumous the sweats of
jiubllu appreciation were rolled under
tongues that were allvo with life.
Kxocutlvo Flippancy.
Jniifniinnolto Journal.
"I expect to have n session of congress on
my hands at that tlmo. " This is the reason
Mr. Cleveland gave xvhy ho could not spend
moro than ono day , October 9 to 10 , nt the
contonnlal colobratlon of Williams colloRO.
Fancy George \Vaslungton , Thomas Jefferson -
son or nny other president than Grover
Cleveland saying , "I expect to have a ses
sion of congress on my hands at that
tlmo ! "
The Moetlni : of the Widows.
Philadelphia Rccnrtl ,
The mooting butxvoen Mrs. U. S. Grant
nnd Mrs. Jefferson Davis nt West Point was
accidental , but amicable , oven effusive.
The txvo widowed gontlawomon , whoso
husbands had played such important and
antagonistic parts In the tcrriblo drama of
wnr , though strangers to each other , shook
hands with expressions of mutual good will ,
nnd set the nation an ozamplo of amity
altogether Chrlstlaultko and ndmlrablo.
Dogenoriuo 1'utrlolUui.
I'aiM ) u ( < w titar.
This country has Improved In many things ,
but it has retrograded In Us Fourth of July
celebrations. There was a tlmo when the
patriotic orator nnd the reading of the decla
ration of the independence were the features
of the day , There were perhaps a foxr
muskets llrod , and occasionally a sham bat
tle would vivify the memory of socnos which
called the holiday into existence. Hut the
barbarous lira cracker and the destructive
dovil-ohnsor occupied an inconspicuous nnd
almost Ignominious place In the ceremonies.
The sentiment of the occasion was what
counted then , nnd the explosions were en
tirely subsidiary quantities , But at present
the explosions almost monopollza the Hold
nnd the sentiment Is only half remembered.
National C'umpllmuiits.
I7osou ( Ailvcrtlicr.
The United States has Just been Riven
two handsome compliments by foreign na
tions. England has sent a commission hero
for the purpose of examining the American
system of public education ( a order to us-
certain what features can bo advanta
geously Incorporated into a now school bill
which is iu course of preparation for intro
duction into Parliament. The Herman gov
ernment lias appointed a commission of mili
tary engineers to examine the railroad sys
tem of this country and the methods of
transportation with especial view to the
obtaining of suggestions that may bo useful
to Gormnny In the event of warfc The
United States prides itself upon both Us
educational and railroad systems , and this
action of these foreign governments shows
that this prldo Is not a vala ouo.
xKcvr.ut xnuT.i AI TUB I'tr/.i'tr.
Washington Stars Dr. Mcdlynn's latest
remark Is : "I hate nothing \ sixy. " ThU
loAvof tlio intorvluwort a delightfully Unro-
strletod Imaginative * acopo.
IlochoMor Herald : 1'robabljr wo shall
hoar loss nlvnit annexation from the Cnnn-
illnns during the next six months. The
Ontario 1'ro hy tci'lnn * have caught a horotlc.
TCntisas City Journal : How Chief Justice
! tilU-r can sleep under the wlthorlnR opln-
{ on which Hov , Joseph Cook must have of
him will bo n very hard tnnUor to under-
Rtanu.
Detroit Free Press s At last Dr McCUynu
Is fully re-otubllshoil In the church , the
general nwomnly ot the Presbyterian church
might pather desirable food for meditation
by n careful study of his entire easo.
Indianapolis Journal : When the > > opo do-
tfk * l"nt "tl10 Parent must be thojuilgo
of the school which his child shall nttciul. "
lie shows that ho would have the Catholic
church march in the army of the world's
progress and not mark tlmo.
Philadelphia Tlmo1 * : In connection with
the reported building of n Mohnmnioit.in
mosque in this i-ountrv It will l > o remem
bered that the orthodox Mussulman tukcs
ou hU shoos on onturing. There n.ny not bo
so much kicking In the church In cense
quence.
Chicago Post : Boston's CongrcgntlomUUt
ministers \iassort resolutions condemning
1 World's fair Sunday ojionlng before thov ad
journed ' for their summer vacation. Their
churches will bo dosed until fall and their
congregations arc virtually forbidden to
worship tmturo meantime.
St. Paul Olobo : The Omaha MothoJtst
ministers who are inciting n boycott of the
world's fair because of the Sunday opening
nro advertising to the world that they nro
ioo bigoted nnd narrow to live in this ngo.
They should have been trannlntoU long ago.
Tlioir efforts will help the fair Immons61y ,
niul harm the cause of religion greatly.
Minneapolis Tribune : Uov. Dr. HM-rottof
Georgia , who successfully conducted three
churches mut a moon < hlno distillery unill
thn rovcuuo onieers closed up the last named
enterprise , evidently failed to see the dis
tinction hoUvcun spiritual and spirituous
consolation nnd was a firm believer In both.
It Is a pity to out short so usotul and versa
tile a career.
Cincinnati Commercial : Clergymen In
Knglatul have discovered nnothor enemy to
church-going. H ! the bicycle. Kvou'Kng-
llah clergymen are fascinated with the
whool. If the bicycle Ii not scotched , there
will bo not only empty news , but empty pul
pits In hnglauit's churches. The bluyclo as a
deterrent to church-goers Is something now ,
but that It Is powerful Is proved by the letters -
tors to Drlllsh clerical papers from suffering
Kansas City Times : Kansas City has n
preacher who would evidently rather bo
rotten-egged than laughed nt. At
least that is the only conclusion that can
bo drawn from his
nctlou In having un
.nrrest made for the latter olTonse , but not
for the former , when ho had an apparently
clear case on each count. The gentleman Is
vounar , however , nnd ho will find in tlmo that
it is much less disagreeable to l > o ridiculed
than to Imvo your clothes all mussed up
with } uico from yo historic egg.
8M112TS .IT TIIK F.1IJI.
There are 150.000 rose bushes on AVoodod
Island , and at the present time they nro
nearly all in bloom.
The Japanese building "Hoodon , " exhibited
In the exposition , represents architecture of
the three different ages.
The Columbian Liberty boll will bo rung
.for the llrst tlmo at noon on the Fourth of
July , nnd n committee Is now nt work to
have every bell In the country , If possible ,
ring In conjunction with this champion of
freedom.
The religious convictions of the Laplanders
are so strong thnt thov seriously object to
being put on show on Sunday. "Thoy pas
most of the tlmo on thnt day beneath the
trees In tholr village , singing hyinus and
reading prayorbooks.
The lost and found department of the fair
is on the third lloor and at the south end of'
the terminal station. An elaborate record
is kept there of nil articles reported ns lost
and ot all that are found. Already nearly
GOO urtlclos have found thnlr way thoro. > u.f. .
In the Mining building I a stutuo In salt of
Mrs. Lot ns she appeared after she looked
baclc. If the lady In question roscmblod In
the least her saline prototype , Mr. Lot had
CAUSO for congratulation on the fact thnt she
yielded to the temptation to look behind ,
An Irish day Is to bo arranged for , nnd the
sons of the Emerald Isle propose to see to It
that the crowds of German dav shall bo sur
passed , although no clfort will bo made to
outshine the Teutons In the way of display.
Speeches will bo maao nnd the green dis
played everywhere.
Two Irishmen were eating In a Midway
plalaanco restaurant thd other day and the
ono was tolling his comrade about Columbus
making the egg stand. "Stop , Pnt , " says
the other , "Boducl , oithinks ozoivo the slstor
tor that eg , If mo Judgment av the ago av au
egg does not desavo mo. "
The newspaper columns of 100 years ago
were plentifully besprinkled with advertise
ments noting tno arrival of cargoes of Ja
maica rum. In the Jamaica exhibit at the
fair there is much besides rum , although
there is a liberal quantity of that urtfolo to
bo soon. There are beautiful woods of many
varieties , such as ebony , mahogany and
satinwood ; there are coffee and sugarfrults ,
dyostulTs , spices and many manufactures ,
nnd what not Jamaica ginger forming a
largo portion of the latter classification.
Hr.AHT.1 JVIO.11 H.MI'A t/l.V ( ,
A Inty mnn'A olock nlvrnyt rum too fnit.
A mercy counted la n trouble rubbed out.
Small flih will nlbbla At nny kind ot bait.
No vlco lias nny moro ugly fnco than olf-
conceit.
Only the o can sing In the dark who hava
light In the hoart.
Don't go security for the man who loU uli
gate swing on ono hlngo.
A wlso man cnn .soo moro trlth ono oy
tli. in n fool can with two.
Tno favorlio employment of ft conceited
man Is to brag on himself.
Whenever he.ivrn touches the earth thora
Is consternation In the pit.
Look your troubles squarely In the face
nnd they vIII \ soon scatter nnd run.
You will proMbly miss It if .YOU loin a
church simply because its steeple is the
highest.
The Joy ted ? \v. \ ts Into n humnn honrt Is
something the devil has never yet been able
to take out.
The only pr.iyors which cot to heavou nra
those which full from Iliu lips uf pcoplo who
nro trying to do their jurt.
THMli TttHfLKS.
1'otisvlllo riironlc-lo : Whllo tlm nlmrd
sl77iM the turnions should bo scissored.
llallixs News ! "Don't lolltttln things bother
you , " hounds Hko foolishness during the rod-
uugHoason , .
York Keconlor : Mr. Jonns No , the
fools nro not nit dn.id yet , mndiim , Mrs. Jones
So lucky for mo , don'l you know , ilo.ir. I
novcr did look well In hitick. '
ItuITitlo Uottrlitr : In nil jirdbablllty inoro
wUo tnun would konp tholr own rounsul It the
reUtlnoM wore iiotinttrusoously high.
Chlcaiw Times : Oh , for n cool , spnuoMornd
nook , or DosUy doll u-noar n pm ling , buiilillnjf ,
limpid brook ulso a glnst of liuur.
I'hllnilnlphln Uorord : "If money does talk , "
olisorvrd Pnnliln , the otlmr nltfht , 'Mould Ilko
to usk tlui Rlrl on thi > silver dollar why slio so
porslslonlly nnd successfully shuns mu. "
Washington Nowss A clown nttomptod to
got oir n miw Joke out WMI iiw oilioc night and
the cirrus tent \\iHhtruclc by lightning , Nuvcrul
people being killed.
DolrnltTrllmno : A liorso rnro Is not wicked
In itself ; It Is what n ninn says whllo ho U
touring up his pool HcKoN that U sinful.
llnrper'sltairar : "Woin you Introduced to
tlm count hint nlsht. Mixrlo ? " "Vos. Wo
talked Uutnthor for tin hour. " "What did you
tnlk about ? " " 1 Imvoii't tho. rcmolost Idea.
Wo spoke In Trunch. "
ChlcnRo News : Thn llrlton drous hli 'h'.s ,
which havoc with him liut'txvoulil
plny-i ; liu-
provo the Norseman It ho could drop his 'J's. '
Now York llornhl : Jnrkson Hall I never
klsso.il a clrl In my llto until I mot you.
May KuiPlittm I'vo hvtmlthat front others.
JuuUson Hall \Vlio told you ?
May Kutchuin Uvorhoiiiany ; It's nil awfully
old Ho.
SHE nor TIINHR ,
Keie Voilt ! ' ; .
The timldon hwr host tnlonts used
Anil hours In writing Nptml ,
Hut nil the editors rufn ud
The pieces thltt Mho sent.
Ono day the maiden wont to town
Whoio shopping womun po ,
And bought hursult a Imnasomo goxrn
Of figured calico.
And as before the mirror she
Admiring cluncos naftt
Upon luir.'Olf , she mild , "I see
Myself in print ut last. "
Should lie In I : very Inw Mhr.iry.
Dr. Victor llosexvator has received several
complimentary letters upon his rccont mono
graph entitled , "Special Assessments. " Mr.
AVllham Oscar Hoomc , head of the special
assessment division of the municipal govern
ment In Washington , D. C. , writes i "This is
a subjcot upon which I have boon dally cm-
ployed for eighteen years and naturally ono
In which I take moro than ordinary intorost.
I consider your work the best treatise ou
this question I have ever road and It xvill ,
when it becomes known , llnd its place in the
library of every lawyer who is interested
( n municipal cases ns well ns these olllcluls
xvho take a part in muntelpal legislation , and
'rollouts much credit upon Its author. " The
'mohdgraph is ou sale at Chnso & Kddy's.
HAT JFOU aiUKNING WEAK.
[ European KdUtoii A'civ York Herald. }
This hat , suitable for wear during n morn
ing walk or drive , is ot iho well known cano-
tier shape , with trimmings of dark green
ribbons nnd upstanding wings.
gROWNINGKING
Larjoat Manufacturers and Ilotalter *
ol Ulothlux In tuo World.
In the Swim.
We're right in the middle of the stream , and
we'll stay there till
the thing subsides ,
even if we have to
olimb up in the air to
keep our heads out of
water. Saturday
we're in it
For $9.00.
It's the first out on
men's suits and it's a
deep one , Our fine tailor made stylish men's suits ,
sold all season for $12.50 and $15. Factory prices
those are , but for Saturday they'll bo in one lot at
only $9.00. They are all sizes light and medium
weights all colors. Cheviots , worsteds , homespuns ,
and cassimeres , sizes , 33 to 46 , sacks and
cutaways. Our Own Make and every ono of
'em worth in most stores $15 or $18. High class
goods nicely trimmed-r-mado to wear well and
look well. See 'em in the window.
BROWNING , KING & CO. ,
Store . $ . ( > .8a J g § W (