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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
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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
