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About The courier. (Lincoln, Neb.) 1894-1903 | View Entire Issue (Dec. 12, 1896)
iv - K '. ToLllXO.,Li i l&jr - - BSTABLISHBD IN' 833 .C-di-i'.is- &"'"' PRICE FIVE CBN1V - ,1 4t.-i- $V r-?' 's LINCOLN NKB..iArUKDAY. DE'JKMUER 12. XD6. TTUtBD TN TITB TMT OfTICB AT LWWU AS KuNO-CLASa MATTSS PUBLISHED EVERT 8ATUBDAY 1 IK COCSIER PRINTING UB POBIISHIN CI - Office 1132 N street. Up Stairs. Telephone 384. BARAH R. HARRIS Editor Subscription Rates ! AdTaac. far annum 12-Ot Blr monthi 1-00 Three months M One month 90 Single copies 8 SSl'I"lTTip--rT'T-TTtrt-T I OBSERVATIONS 1 fiiiiiuinfnniTrr Judging from the reports of Wall Bticet bankers money is easier, borrow ers can And lenders, and creditors can get their money if they want it, in gay New York. But tho situation hero is almost as bad as if Bryan had been elected. We have shown ourselves unworthy of the trust which the holders of western farm mortgages at 12 or 15 per cent have placed in us. And the state, as a state, is being justly punished for voting for a man who believes in two kinds of money. Henry Clews says: One of tho most hopeful features of tho situ atinn is tho cxtrcmo and still mowing easo in circle is a renlly liculiliy ono; ntul tin fact, rnraini! simultaneously with an ahui.U aicoof capital Fcck-inKiniulotmeiit, is u urt forerunner of a sound untl nctivocmusoof buriu s at largo In thtt cnninctiiiu it Unit isfuctory tonotethnt in trndocinlcs tho feel ing i nuqualiliedrly hopeful. Merchants fml no ilisn;puintnieiit 1k-c.ju.sj bu-iuist lias not revived iiihtanlly upon tho result of the-clec-tiuu. They knew that any spurt iu trado at the closoof I ho season was out of tin. qui stimi ; and they see enough to s.itUfy thum that uf fairs ham now entered on a phuo iu which a great revival of Hate m iiuvili.ble. Jniveiy branchof perutioiis thofeeliiigi that of en tiro contldcuci- in tho Kprini; trade. This np pljs to all sections f thucotmry. and uo looks in vain for a s!i jd jw of pjjsiansni any vrbctc. Henry Clews, the author of the foro going hopeful statement of what in Nebraska is a desperate case, was a n.ost insistent prophet of ruin if Iiryan was elected and of prosperity ol the whole of North America if .McKinlcy was elected. Since the result was announced it is h:s business to see prosperity and report it to his correspondents. lie does both, but if he sees any i . Nebraska he will have to put on his f.ir seeing specs. To be sure, it takes some time for any kind of a movement to travel 1,G00 miles, (specially il tho tendency is one of expansion, altho' eastern panics influence tho west immediately. Ac cording to the usual rate of travel, m niggle without a college training. T o characteristics, by which he succeeds, the student owes to his alma mater. The bo se of obligation deepens as ho grows older and realizes what, and how much he owes to the college which taught him to think. j h b it is gratitudo for benefits re ceived from their alma mater and a de sire to do what is in their power to sustain her that makes tho university alumni a homogeneous body. Tho mem bers of it got their education for five d liars, and the stato and tho university ought to be able to count upon them to do service for value received. All aro willing to servo tho state because thero is a salary attached and thero aro some who have served and will serve the uni versity for nothing. hen Chancellor MacLean addressed the alumni at his house tho olher evening, he assumed that those to whom he spoke appreci ated the gift of the state, and would uso their influence with the It gisl. tors for t-e benefit of the university. '1 ho rep rt of secretary Dales, which the chancellor read, concerned the reve nues of the university. It sta ed that the assessment toll of the stato in ISM was a little less that 181 millions. In 1806 it had shrun en to 1G7 millions, which in therefore, tho 'comparative absence of round numbers is a shrinkage ol 1 mil distrust, tho really healthy feeling in l'loua- At the J8 mill rate this alone credit circles, and the abundunce of means a loss of about S13,U,0 to the capital seeking employment may bo ex- teinporarj university fund in two years, pected to arrive in Lincoln about March I 1S93 the assessment was 10 milliors greater than in 181)1 which is a shrink age in three j ears of practically 27 mill ion . The normal income from lands leased Monday evening at the university con- and sold should be very close to SG5,0W) first. Of the 165 Nebraska University alumni in Lincoln over 100 were present on ference at the chancellar's home. Except those who were men. bers of contemj.c rary classes they are strangers to each other. Their common nterest in a com mon benefaction brines them together tho money market. A njorocompietocnanKo occasionally, but rarely in such numbers shows than th-t which has .cccurrea in rcsprct io ag on Montlay night CrCaltS Wlllllll 1UC OSW IUUI -.-0 iuuju uu be imagined. From October 31ft to November 2Sth. the loans and discounts of tlicKcw Yoik bienniallv. Allowing 10 per cent for de linquencies, which again is the i.ormal status, we should have an income of 858,5v0- The treasurer'. report for the biennium ending November 30, 1SP4, receipts from this sourco to Imj 07,875. I should say that an average Several exj cdients have been proposed between these extremes of e.30,000 annu to assemble them of tencr, such as a uni- ally is about riht. i. ut an ex .mination banks increased JIT.OWAO, tho dcpcsitscaincd versity club.ctc It is doubtful if there be of receipt- from this source for the past J24,axooo and tho surtdus rescrvo has men anyneed of it. 'fho alumni are teal- year shows a dtcided falling off in pay $u.ix),two. m.ri.- -nrttiminw tered about over the citv, each one tho ments of interest on leases and sale con- Ihccaso in tho money market ana tno low .'.,,, , T, , , rates of interest, present and protpeciivc, oro center of a group brought together by tract. As nearly as I have been able to matters of special importanco to the country social, religious or business interests in learn from the st. to treasurer there has nits present comht ion. in acaso where bufi- common. There is verv littlo that sur- been a reduction of about S9.0.0, which ness was itiHrttd ami credit ucduly cspatidru, ,, , . . -,,,. j. m i. ncss ., ,,,.. hnnnniMit.iimhin vives after a university course is com- is ?18,C00 for two years. Tho two sums nnca;y money rantket might boa qucsunuanio j benefit, for it could easily develop overtrading pleted besides loyalty and gratitude to of 812,7.10 aid clS.COO plus what should and excessive jpcculat ion. But coming aftir the school, the effect of reading and of come into the temporary fund if thetn- n great business collapse, when credit is needed ectures forgotten as soon as thc"crejn" tire permanent endowment accrued to for tho work done is secured and tho this time was in interest bjaring secur lasting affection for a few intimates. ities and just about aggregato tho sum For a college man has not any more of 535,000, which is about tho differenco knowledge, if knowh dgc means the ab- between the past bienium and the sorption of facts, than any body t lee, coming one. when he gets through his course. He 1 o maintain the university at its has forme 1 a habit of reasoning and nresent efficiency the temporary uciver- Onoof tho feature of this season is usually tho comp-rir. g, though, which will probably sity fund must reach e259,000 biennially, npprohensofjrooou.,, . . .q . to tho um-vcrsjty Plarcely heard. In brief, tho feeling in credit equal, ol the young man who begins the ceives from the United States. . .1 .t . a-r.,f vntnmO to restore inipuirru capiiuio u.n iu .u-u. suspct-ded operations, it then vm-tly facilitates tho recovery of ttado and quickens incpn-ccfs. Ono remarkablo featuro iu tho present busicess situation is ths comparaiivo aiueno-ui ui trnst as to tho solvency of mrn of business; which is something Tory different from wtat might havo been expectea alter ucu a mjto.o .linre.sion as has lately smitten mo naimn. It must bo borne in mind that tho iucomo from the landed endowment has practically reached the poitt of rest La i. tls aro all disposed ol cither by leaso or sal j contracts. '1 hero is no moro in crement io bo expected from this source. 'I he university grant can Im increased without being fo.t even in these times. The state tax on a quarter section of land docs not amount to moro than flvo cents a year. '1 ho three-eighths of a mill investment in tho university pays the stato a larger interest thai the peni tentiary or any other stato institution. If wo did not pay it it would bo paid out to penitentiar es. The Nebraska university ranks with tho state universities of Michigan, Min nesota and Wisconsin, and outranks thoso of Indiaaa. Illinois, Iowa.Missouri, Kansas. Ohio and others. To niaint in this stmdird money is necessary both to pay a faculty who havo made iho uni versity of Nebraska known in this coun try and Europe and to increase the number of recitation rooms whi:h have become too small for the crowds of stu dents '1 he chancollor said that thero wero six new buildings proposed, and of course only one can be built in tho next to years. A recitation building at tho college farm is imperatively teecssary, if the school of agriculture, so success fully begun, is to be in tint-lined. Tho chancellor said that tho increase in the excellence and price of dairy pro ducts in Wisconsin in the last seven years had paid tho state many times over for tho money it had extended in dairy instruction. '1 he members of tho academic faculties present seemed to think that tho manhood product they were turning out would eventu jlly ben efit the stato more than better milk and butter. 'Iho majority or tho alumni, however, ara in fator of accepting tho situation as it is. J his is an agricult ural state, it is an agricultural legisla ture; and fanner legislators have been exasperated in years past by tho deflec tion of agricultural revenue to other departments of lhu uu verity, m recent years they havo decided that the agri cultural' school must be fostered and they are willing to make appropriatioi s for fostering. If tho academic and sci entific colleges will Join in an effort to build up the agricultural school tho wholo appropriation will eoaio easier. The political pot begins to boil a long time before any but thoso who built tho fire and tend it. know anything about it Already tho goose is cooL-cd that tho public suppose is still waddling about in the mud of the streets. And ojy a low know whose goose it is. "Christmas comes but onco a year. m y
