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VOL.. 9. No. 17.
LINCOLN, NEB., SATURDAY, APRH, 7, 1894.
PRICE FIVE CENTS
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In the last two years there has
been a considerable shifting of
wealth in this city. Prudential rea
sons have kept from the public the
particulars of many interesting de
velopments that have represented
heavy losses to men who for years
have been regarded as wealthy, and there has been much in the em
barrassment of those bold operators who have made big strikes in
the past, but who were subjected to aterrible strain when the panic
came on, and knocked the bottom out of credit, to call forth expres
sions of sympathy. In many instances, the most enterprising, the
men who have been the most public spirited and who have done the
most toward the development of the town have been tho greatest
sufferers.
A couple of years ago what seemed like a magnificent opportunity
for the advancement of tho town, and the realization of financial
profit to those who took hold of the project, was presented, and a
number of men, including some of the best business men in the city,
went into the scheme. Expectations would probably have been
realized had it not been for last year's financial holocaust. As it
was the enterprise was affected like every other business and
growth was, for the time being, nipped in the bud. Credit was a
feature of the transaction, and this was, of course, cut off. The re
sult has been that a half a dozen or more prominent citizens who
have been carrying the burden have been compelled to make very
heavy sacrifices. Some of them have experienced considerable dis
tress, and there has been inconvenience all around. But things
have been adjusted, and everything will probably come out all
right in the end.
There are other instances where rich men who have been involved
in real estate have met with large losses and been compelled to
make sacrifices. All of this was inevitable after last summer's
scare. The danger is now long since past, and those who have been
pinched the hardest will probably be the first to recover in the back
ward flow of the current of good times, which has already com
menced. Hope in Lincoln's progress, and assurance of the future
were never firmer than now, and there are many things
that indicate a speedy revival of building and real estate activity
which has such an enlivening effect on business generally.
Negotiations are now going on for the location in this city of two
large schools, and it may be possible to make some definite an
nouncement in the next two or three weeks. Both of these con
cerns would be financially sound, and one, if it materializes, will be
as large as any institution in the city, with a backing almost equal
to that of tho state university,
almost as good as located.
Interested parties assert that it is
Mr. R. E. Moore is regarded as ono of the best informed men in
Lincoln, and his views of financial and Inifiiiit..Tc subjects always re
ceive much consideration. Ho is notJ for his conservatism. Hence
the decidedly hopeful view he takes of tho outlook for Nebraska in
an article written by him for The Couiciku and which appears else
where in this issue will be generally encouraging. Mr. Moore is
never optimistic unless he has good cause. He has ample opportun
ities for acquiring the most reliable information, and what he says
rests on a solid basis of fact.
Wo cannot recall any intance, in this country at least, where a
man of position and prominence has made such a shameless dis
closure of his own depravity as the story told on the witness stand
by Colonel Breckinridge. This aged and honored man tells unblush
ing the details of his own infamy; testifies to the manner in which
he disregarded the hallowed domestic ties, and dishonored his wife
and family by conduct, tho recital of which would bring tho blush of
shame to the acknowledged roue, but which apparently, has no ef
fect on the conscience of this venerable. lascivious brute who found
so much pleasure in masquerading as a gentleman and a Christian
aud addressing assembles of the church, and instructing the stu
dents of young ladies' seminaries. Uuless we are very much mis
taken the end of this case will be a tragedy of some sort. Breckin
ridge might better have popped a gun at his head than allow tho
case to go on and needlessly humiliate a number of innocent per
sons. The little men of the iVieirx whom we offended by some more or
less plain remarksabout their picturesque campaign for purity in poli
tics, are disposed to bestow upon us a large measure of their most
exalted consideration, and they say some things about us that are
probably meant to be unkind. The Xetcs as at present conducted is
the most interesting paper in the city. Journalism as Messrs Dob
bins and Westermann find it is an altogether different affair from
what some people have supposed it to be, and the efforts of these
gentlemen to carry out their unique ideas will always be interesting
The News can hardly be regarded seriously as yet. It may eventu
ally mature; but just now it is struggling under a distinctly juvenile
management, and for us to make any serious criticism beyond what
we said last week would not be kind, and we are not inclined to
hurt the feelings of our friends in the News foundling asylum. We
may be permitted to express our admiration, however, for tho nerve
of these chaps in talking about corruption in politics. To bo able
to write so eloquently of the evils of corruption and the wickedness
of its contemporaries, notably The Cockiku, and so glibly prate of
purity, in such an atmosphere as that which hovers about the sanc
tum of the squawking Xeics, is a most valuable accomplishment,and
we congratulate our friends on their remarkable self-possession and
complacency.
Receiver Hayden is said to be very confident that the beautiful
residence of C. W. Mosher will be turned over to Capital National de
positors. He expects to be able to show conclusively that the man
sion was purchased out of funds belonging to the bank.