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The wealth makers of the world. [volume] (Lincoln, Nebraska) 1894-1896, August 01, 1895, Image 2

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THE WEALTH MAKERS.
August 1, 1895
M bank oat of every eight in the n
tioa. '
I an not advocating this plan. I do
not think it should be adopted, bat it
may lead at up to a correct plan so let
at ate bow it might have been worknd
As the lawyer express it, we "will
state a hypothetical case.
Jones and Brown were manufactur
ing shoes. They employed a hundred
men paying each man ten dollars a
week making their par roll a thousand
aoiiara a week, as they sold snoes on
sixty days time they had to pay out
ten weeks wages or ten thousand dot'
Ian before they got in any money. They
were solid financially, had plenty ol
property but had no money, bo tbey
went down to bank with a ten thousand
dollar note at ninety days which they
wanted the bank's permission to coin
Into money and for which permission
they were willing to pay the bank the
sum of one hundred and seventy-five
dollars.
Now remember that this would not
reduce the amount of money in the
bank. Jones and Brown would draw
a thousand dollars every Saturday af
ternoon and pay it to their workingmen
and the workingmen would go out Sat
urday evening and pay it to the stores
would take it oack Monday morning and
put it in bank. Or, if Jones and Brown
paid their 1 men iu checks, the men
would pay those checks out to tne stores
and the stores would deposit these
checks on Monday and the money
would not even be out of bank over Sun
day. But in any cane it would not re
duce the amount oi money in the bank,
jonea and Brown would pay the bank
$175.00 not for the use of the bank's
money, but for the privilege of convert
ing their own note in o money.
But the bank would not take the
note. Orders were to call in loans and
make no new ones.
Bo Jone and Brown called their men
together and said, "We can't get money
to pay you your wages, so we will have
to shut down and let you all off unless
we can make some ether atrangement.
The bank won't take our note for ten
thousand which would carry us until
we can get returns from the shoes we
are selling, though tbey admit it is per
lectly good.
"But we'll make you this proposition.
Instead of giviving the bank our note
at ninety days, for the ten thousand dol
lars, we will isHue each Saturday night
a hundred ninety day notes for ten dol
lars each. And we'll not only agiee to
pay these noteB in ninety days, but will
accept them whenever presented to us
in payment for shoes or in payment of
accounts due us provided you will ac
cept these notes in payment of your
wages and the storekeepers here will
accept them and pass them."
The working men and storekeepers
accepted the proposition and Jones and
Brown continued business. The notes
performed all the functions of money in
that community. Not only was the
hoe factory kept open but these notes
passing fom hand to hand made all
other classes of business possible and
the notes were not only redeemed in
shoes by Jones and Brown but were
continually being redeemed in groceries
and dry goods and coal and clothing
and all the neceahariea of life by all the
tradespeople of the town. The noteB
represented the property and wealth of
Jones and Brown. The consequence
was that this town enti-ely escaped all
the consequences of the panic. ,
Of course this is only hypothetical
, miaa. No such case ever occured for the
reason that Uncle 8am, in the person
of the comptroller of the currency for
bid it But it might have occurred and
would have occurred in thousands of
places but for that interference.
I am not advocating that sort of cur
rency, though an able writer on the
currency question has done so. There
are parctical difficulties iu the way. It
is too local in its operation, too optional
in its acceptance. But defective as it is
it would have "edthe country in a
great measut mi the effects of the
panic and have kept hundreds of thou
ands at work. It is identical in every
respect but one with the system of
"clearing house certificates" adopted by
the Associated Banks of New York
City and which we were told was the
only thing that saved the country from
absolute ruin. The one point of differ
ence and the one thing which caused
the conipti oiler of the currency to per
mit the clearing houe certificates and
forbid the issue of what we might call
"wage certificates" was that one sys
tem was operated by the banks for their
own protection and profit, the other
would have been operated by the man
ufacture and business men and working
men for their protection and profit.
But what I want you to observe that
the defects in this plan were purely
matters of detail and not matters of
principle, If it is right and no one dis
putes it, for a manufacturer to issue his
note for ten thousand dollars to a bank,
it cannot be wrong for him to issue his
note for ten dollars to a working man.
If it is right, aud no ot;e disputes it,
for bankers and brokers to pass busi
ness commercial notes among them
selves it caunot be wrong for business
men and working men to do the same.
The defects of the nlan were wholly
matters of detail. The notes of Jonei
and Brown could not have had more
than a local jirculatiou, because their
standing and thetefore the Validity of
the notes could only be locally known.
Their acceptance was optional with each
individual, and therefore each transac
tion would have had to be prefaced
with the inquiry, "Will you accept
Jones & Brown'? notes?" Theae
wouli have been no limitation on the
issue of these notes and no means by
which any one could ascertain how
many Jones and Brown were issuing
and theiefore nothing to prevent Jones
and Brown from issuing more than
their property would justify. The
notes would be good, perfectly good, as
long us the amount issued did not ex
ceed Jones & Brown's ability to redeem
in shoes or other property." But they
would not be good if issued in excess of
that amount
As it would be impossible for every
one to be familiar with the signature cl
Jones Brown there would have been
great risk that counterfeits would be
used. But all these objections apply
only to detail and not to principle.
A false principle cannot be made
. aound but defective details can be rem
edied by care and in renity.
Suppose that Uncle Sam - instead of
setting his No. 10 boot down on the
whole business and thereby crushine
all the industries of the nation, had said ;
ilhm . J 1 ! i . m
"iue , vincipiw is rignt. mere is no
reason why a man who wishes to issue
bis temporary note for a safe amount in
payment of bis obligations, should
nave to purchase the permission of
ome other man who happens to be a
banker. I will recognize the correct
ptincipie. lui tne oetaiis are Dad ana
liable to occasion trouble and lead to a-
buse. I will remedy the defective de
tails.
"I will appoint in every town an ofil
cial who will see after the matter. He
shall have no discretionary powers,
men as tne banks now exercise and
shall make no discriminations but shall
simply carry out the rules I lay down.
"To prevent counterfeiting I will print
all tne notes myself and whoever wishes
to nse them must get them from my
otnciau
"To avoid all difficulty about acceo
tance I will provide that all these notes
obtained irom me shall be fulllezal ten
der in payment of all debts public and
private, lo prevent an over issue of
these notes, so that they would not be
real represntatives of property, every
person wishing to ret some of them
to issue must satisfy my official that
tne amount desired is within a sale li
mit and must deposit with my official a
satisfactory security that he will re
deem them and return them to me.
"h or convenience and as these notes
will all be alike. I will not require that
each person return the identical notes
he received from me, but whenever he
returns an amount of notes equal to
what he received, his security shall be
released.
"To provide for the expenses of in-
graving and printing the notes, and
maintaining officials in each town to
attend to the business each person get
ting any of these notes to issue shall
pay sueh a percentage on the amount
as may be found in practice necessary
to cover such expinses, but the rate of
percentage shall be the same to all
parties irrespective of the amount of
notes issued."
Can any rational man find anv ob
jection to the adoption of such a plan?
Had this plan been adopted the pan
ic would have been stopped on the in
stant. Business would have been im
mediately resumed. The factory whis
tle would again have been heard, runs
on banks would have ceased. There
would have been no Idle men tramping
to Washington, for there would have
been no idle men to tramp.
xne notes could not depreciate for
every note would have been a legal ten
der, and would be backed by an abund
ance of property, and guaranteed by the
United States government, which in
turn would have been amply secured.
There would have been no inflation
for no reliable man ever gives his note
unless he has occasion to do so. and ia
always anxious to ges his notes in as
fast as possible, and under this system
only reliable men or those who could
get the backing of reliable men could
issue notes.
It would have had all the advantages of
our present system of discounting notes
in bank with none of its disadvantages
and none of its dangers, ft would have
accomplished other things. It would
have equalized opportunity and pre
vented the crushing of small business
men by larger men. It would have put
all men on an equality. Today the
millionaire wno wishes to borrow a
hundred thousand on his note, that is
who wishes to coin his note for a hun
dred thousand into money can do so at
the rate of 4 per cent a vear. The
business man or farmer who wishes to
do the same with his note for a thou
sand pays 7 percent for the privilege.
1 he small concern that wishes to do
the same with his note for a hundred
pays 8 per cent and 2 per cent for three
months to some money broker making
the rate 16 per cent a year or four times
wnat tne millionaire pays. No wonder
the big concerns are crushing out the
smaller ones and the man with little
capital has little chance in the race.
And the poor devil who having only
fifty dollars in the world neec's to bor
row ten dollars to 'pay for his wife's doc
tor bill or the baby's coffin, has to pay
from ten to a hundred percent a month.
ISO wonder the ricn are erowina richer
and the poor are growing poorer. We
are carrying out literally in our finan
cial system the principle that to him
that hath shall be given but from him
that hath not shall be taken even that
which he seemetb to have. This sys
tem would have given eoual opportun
ities to all with special privileges to
none. It would have dethroned the
money power of the country by making
the people independent of them
and it would have relieved our nine
thousand bankers of the difficult
task of manaeiner the financial
affairs of the whole nation and
have given them opportunity to engage
in some productive occupation in which
they could have earned a living for
themselves.
It would have done more than this.
It would have knocked out the key
stone of thearch of oppression, robberv.
and fiaud.
THE MONTCY CORNER.
Comparatively few persons under-
staad the meaning of the money cor
ner or how it has been used as an in
strument of fraud, oppression and
plunder. The money corner is the
center piece of the whole system of
gambling in stocks and products.
Make the money corner impossible
and this whole system of fraud falls
with It, By the manipulation of money
corners the masses are plundered of
billions each year. Through the oper
ation of money corners business is
made so unprofitable that millions are
shut out from all opportunity for em
ployment. The money corners in
juries every leeitimate industry and
makes justice aud eauity impossible.
Workingmen often think that their
employers are oppressing them when
the employers are strusrglirg on the
brink of bankruptcy. Employers often
think the demands of the workingmen
unreasonable when in fact the work
ingmen are asking for' less than is
really their own. Employers fight
workingmen thinking it is they who are
wronging them, and workingmen
fight employers thinking It is they
who are oppressing them, when in
fact both are being plundered by the
money power through the operation of
money corner. Instead of fighting
eacn oiner ootn ougnt to be united in
fighting the money power and secure
justice by making the money corner an
impossibility.
I do not n e ;n that there are no un
reasonable workingmen, or no oppress
ive employers. But in many cases em
ployers are paying all the wages they
can and live, while at the same time
the wages reoeivei by the working
men are far lesj than they are really
earning.
Both are being robbid of their just
profits by the money sharks.
The money corner is based upon the
principle that when the supply of any
article exceeds the demand the price of
such article will fall, and the effect on
price will be just the same whether
the surplus of the article is real or
only apparent. The operation ef the
money corner is to create an apparent
surplup by interference with exchange
so as to be able to depress prices at
certain periods and advance them at
other periods a may suit the will of
those who are manipulating the busi
ness. To illustrate this thing I will tell
you a little fable which will show the
working better than a lengthy argu
ment. On the west bask of a certain river
far from all other civilization were lo
cated two communities. Those on the
west bank of the river were engaged
In agriculture, and having fertile soil
and being well skilled in the art they
produced in abundance corn and wneat
and wool and all other products of that
class. They produce enough to sup
ply abundantly themselves and another
community as large. On the east
bank was another community of equal
number engaged in mining and manu
facture. Having rich mines, plenty oi
machinery and efficient workingmen
they were able to produce enough to
supply themselves and another com
munity as large. The people on tne
west bank afforded an abundant de
mand for the products of mines and
factories, while the people on the east
bank afforded an equally abundant de
mand for the products of field and
farm. The two communities were con
nected by a bridge, and this bridge
was continually throneed with teams
conveying the products of one com
munity to meet tne demand oi tne
other. Demand and supply were
equal, and both communities were
prosperous. But one aay tne oriage
was burned, and as the river was too
deep for fording all communication be
tween the communities was stopped.
The work of rebuilding the bridge was
hindered bv a series ol accidents. As
a consequence of this interruption of
communication the people on the west
bank began to suffer for the want of
products of the factory and mine, and
at the same time being unable to dis
pose of their agricultural products
there was an apparent surplus and
prices of those products went down.
On the east bank people were suf
fering from lack of corn and wheat
and wool and butter and beef and at
the same time as there was an appar
ent surplus with them of the products
of factory and mine, the prioe of these
articles went down. After this had
continued for some time a handsomly
dressed gentleman appeared in each
community well supplied with money.
On the east bank he bought up at the
low prevailing prices the products of
factory and mine, and on the west
bank he bought at equally low prices
the products of field and farm. Very
soon after he had secured practically
the whole apparent surp'us on both
sides of the river, which he han se
cured at prices which were ruinous to
producer, the difficulties in tho way of
constructing the bridge ' vanished as
mysteriously as they had appeared.
The bridere was rushed forward to
completion and traffic was resumed
witb a boom which caused everyone to
say that prosperity had returned and
good times were coming. But while
it was noticed that the bridge was
thronged again with vehicles trans
porting produce back and forth it was
soon discovered that the people Seemed
to be but little better off. A further
examination of the situation showed
tnat these vehicles were nearly i
loaded with the goods which had been
purchased by the well dressed gentle
man, and that he was selling to the
people on the west bank at high rate
prices that which he had bought from
those on the east bank at low prices,
and was selling to the people on the
east bank at high prices the goods
which he had bought from those on the
west bank at low prices. The more
Intelligent members of the community
soon reasoned out that their troubles
had been brought about by the burning
ofthe bridge which had interfered with
the natural working of the law of sup
ply and demand. They regarded it
howeyer as an unavoidable accideBt
and trusted that now the new bridge
was built both communities would soon
see a restored prosperity as prices
settled to normal figures and traffic
continued.
There was of course a slow but con
tinued improvement of business and as
had been anticipated the apparent
surplus on each Bide gradually disap
peared aud prices began to oe restored
to reasonable figures. The producers
on each shore were able to ssll their
products for nearer what they were
worth and were able to buy the pro
ducts of those on the othty shore for a
smaller advantage aoove real vaiue.
But just as they were beginning to
congratulate themselves upon the res
toration of old time prosperity tne
bridge was burned again. Another
series of accidents delayed the rebuild
ing. Thi) well dressed gentleman ap
peared as before at the time when the
apparent surplus upon both sides had
reduced prices to ruinous figures, and
the old scenes were re-enacted again,
after the apparent surplus had been
bought by the well dressed gentleman
at ruinously low prices the bridge was
re-constructed, and he disposed or his
purchases at prices ruinously high to
the purchaser and prosperity returned
with the same slownecs as before.
After this thing had been repeated a
number of times some of the wiser
men in the community began to con
clude that there was some connection
between the burning of the bridge, the
delays of re-bulding and their regular
losses through fluctuation of prices and
apparent surpluses and apparent de
ficiencies, and a suspicion began to
arise in their minds that this well
dressed gentleman who was accumu
lating enormous wealth and had erect
ed himself a magnificent castle on the
hills back from the river must be in
some way connected with the periodi
cal burning of the bridge, the difficul
ties which always arose in its re-construction,
and tho speed with which
it was re-constructed after he had got
ten into his posession at low prices the
products of labor on both sides of the
river.
It seems to me that you must begin
to see the application of this story.
The people of this country are engaged
in producing all that is necessary for
the health, happiness and welfare jt
man, but no one person produces all
that is needed by any one man, and
each producer produces immensely
more of the particular article he does
protuce than he himself need?. As
with these two communities in my
story it is therefore necessary that
there should be constant interchange
between the people of the country.
The man who makes shoes will make a
great many more shoes than he can
wear himself, but he makes nothing
else. He must therefore exchangj
shoes for food and clothing and fuel
and ail tne multiplied Items of detail
which make up the needs of man. The
same is true of the man who produces
clothes er coal or wheat or wool or any
tning eise. in lact so minvte has be
come the subdivision of labor that no
one man produces the whole of a single
article. The labor of a thousand men
has probably touched at some point
Ibe manufacture of the pair of shoes
yon wear. This minute subdivision of
labor therefore necessitates an im-
mence and rapid interchange of the
products cl labor, and if this inter
change stops, production must stop.
men must be idle and in every line
there will appear to be a surplus caus
ing depression of prices while at the
same time there will be everywhere
suffering and want, due to the lack of
these very things which appear to be
In over supply.
This constant interchange of the
products of labor L effected through
the medium of money. Let money be
plentiful, and everywhere available to
all who need it in effecting exchanges,
and these exchanges will go on with
rapidity and on a basis of price that is
equitable to all and there will be em
ployment with fair returns for every
man in the community. On the other
hand let the supply of money be re
duced or let it be available to those
who need it, and the interchange of
products will stop, production will
consequently stop,prices will be unduly
depressed, and multitudes will be
thrown out of employment.
Now at this period the man with
money in his posession can quietly
purchase at prices which are ruinous
to producers this apparent surplus in
all branches. If after this is down the
luterference with the money supply is
removed, and prices restored, business
resumed and production re-commenced,
he will be able to reap a sec
ond harvest by selling these products
at more than lair prices to those who
during the period of depression have
been suffering with want.
You see it is the story of our two
communities re-enacted. The money
is the bridge that connects the pro
ducers of one article with the producer
of another.
Just as the man who could secure the
destruction of the bridge when he
wished it, delayed its re-construction
until he had secured the products of
the people, and then have it speedily
rebuilt could amass an immense for
tune and build himself a castle upon
ihe hill back from the river. So the
men in this country who have the
power to cut off the money supply, de
lay its restoration until tbey have se
cured the products of the people and
then speedily restore it, can amass
fortunes of hundreds of millions and
build castles in Scotland, or homes on
the Thousand Islands.
The picture I have drawn of my two
communities is an exact picture of
what has occurred in this country
during the past two years, and what
occurs in this country every lew years,
and which in fact in partial degree
happens in this country several times
every year.
When the time comes that our
money kings wish to possess them
selves at less than its real value, of a
large portion of that which the people
have been producing by their labor,
the first- thing done is to form a syndi
cate which will draw from circulation
as much money as possible. This
money is locked up in private safes or
in safe deposit boxes.
With, nine dollars on deposit for
every dollar of actual money in banks
it requires a withdrawal of but a very
small amount of actual money in order
to reduce the amount in the banks to
the point where they must begin to
call in their loans and cease discount
ing paper. As I showed you in the be
ginning eight-ninths of all the money
that is used in the exchange of pro
ducts is monev created by the discount
of commercial paper. The withdrawal
of a small amount of actual legal tender
money compels at once the calling in
of this bank credit money and in thirty
days a contraction of a few millions
manipulated by a money syndicate in
New York with the assistance of a few
scare-head articles easily purchased in
the daily papers can cause a contract
ion of many hundreds of millions in the
actual medium of exchange that is be
ing used by the people at large.
This is a money corner. It is being
worked on a greater or smaller scale
continually. It will be worked as soon
as the present wheat crop is ready for
sale, &nd notwithstanding the official
report of a short crop you will find that
when the crop comes on the market
there will be an apparent surplus. This
apparent surplus will be due to the fact
that the grain gamblers have caused a
contraction of the money in the country
so that the crop cannot be sold, and this
contraction will be continued until the
price has been run down to a figure
which will suit the grain gamblers and
they will purchase. In other words
the bridge between tho wheat growers
and the wheat eaters have been burned
and its restoration will be delayed until
the wheat growers have been compelled
to dispose of their product at ruinously
low prices lo the well dressed grain
gambler, when the financial bridge will
be constructed and the grain gambler
will dispose of what he has purchased
to the wheat eaters at a price which is
greater than its actual value. I think
that in my illustration of the two com
munities and the effect of burning the
bridge you can see bow the money cor
ner makes possible continuous plunder
of the people and how it operates to
Keep prices low to the producers, high
to the consumers, and keeps millions of
men out of employment.
Justice and equity cannot prevail in
this country. The unjust distribution
of wea'.th cannot be stopped until the
money corner is forevermore an impos
sibility. I think an investigation of
this situation will convince you that an
increase in the circulation of the na
tional banks will not remedy the diffi
culty. The banks will still have con
trol of this circulation and any amount
that it would be possible for them to
put out would have but little effect upon
the total volume of available money.
Just biar in mind the fact that the ac
tual amount of money used in the busi
ness of the country is about four and a
half billion dollars of which four billion
is really personal notes doing duty as
money by the permission of the banks,
and over which the bankers have com
plete control. What would an issue of
s few million or even a half billion, or 1
a billion currency oi any en accom
plish in replacing this four billion
which the banks can withdraw when
ever they please, and which they must
begin to draw whenever the New York
money kings pull the string? It is
evident that the free coinage of either
win not meet the situation. As 1 nave
before shown you, if all the silver in
world available for currency purposes
could be brought Into the United btatea
and pat into circulation it would not
equal the amount of this personal paper
used lor currency which can be with
drawn by the action of the banks.
There is but one possible way in which
tne money corner can be made impossi
ble. That plan is by taking away the
control of personal paper from the bank
and restoring It under such regulations
as mayjbe necary, to each individual,
establish such a system as that which
1 theoretically described, In which
Uncle Sam would allow each man to is
sue his own notes, but only to a thor
oughly sa'e limit, just the same as the
national banks now can Issue Its . own
notes, but to a thoroughly safe limit.
Have these notes made legal tender so
that they can circulate everywhere.
nave the security neid by the govern
ment official so as to assure the re
demption cf the notes, a redemption
to be effected not in gold alone, or in
silver alone, or in both gold and silver,
but in all the property of the individual
who issues them, aud you will have a
system which will make the money
corner an impossibility, which will al
low exchange to go on unhindered, and
will give opportunity for employment
to every man on the continent.
My friends who have been advocating
a definite issue of money by the U. S.
government to a definite per capita will
readily see that their plan will not stop
the money corner. The per capita plan
is exactly what we have to day and is
the plan under which the money corner
was born and has thrived and grown
until, largely through its work, three
fourths of the wealth of the people has
been taken from those who produce it,
and placed in the hands of speculators
and gamblers. The only difference be
tween our present pian and the plan
which the advocates of a definite per
capita circulation presents is in the
amount per capita and not in the prin
ciple on which the system is based.
Under the free coinage of silver, under
an increase of national bank circulation,
under an issue of greenbacks up to fifty
dollars per capita, the money corner
would be a little more difficult to ope
rate, but its operations would be just the
same, and its results would be just the
same.
Now then take the plan which I out
lined as one which might have been
used to stop the panic and restore good
times and change the terms I used a
little bit. Call the personal notes
which would be issued and which were
to be printed and furnishel by the
government "United States legal ten
der notes." Call the government official
who was to attend to the matter a
'government banker." Call the place
where he does business, keeps his notes
ready to supply those who need them,
and holds the documentary evidence of
seourity a "real national bank." Call
the fee which was to be paid for the
maintenance of the system "interest,"
aDd you have the Ohio financial plan as
adopted last year by the sixth and
seventh congressional districts, and
this year by the Ohio state convention,
exactly and you have the only system
that has ever been presented as a solu
tion of the money problem which will
seoure justice to all.
I left tne discussion ot the cause oi
the panic at the place where 1 had
shown you the various things which did
not, and could not have caused the panic.
I purposely postponed giving an answer
to the question "Wnat did cause the
panic and bard times and unjust distri
bution of wealth.-"' Uecause i was sure
that the further matter I had to present
would lead you to understand that lor
yourself. The cause cf the panic of '93
in the United States, the same kind ol
panic in '73, the same kind of panic in
'67, the 6ame kind of a panic in '37, the
panic in England, the panic in Austra
lia, the panic in all countries where
civilization prevails has been a rotten
financial system which has placed the
control of" the working money of the
country in the hands oi! a few men go
that speculators and gamblers could
bring about a financial crash whenever
they thought it necessary.
We have seen that the various expla
nations of the panic all failed to explain
because the conditions did not prevail
in the different countries and different
years when panics occurred. I haye
presented you an explanation of the
panic in a financial system which pre
vailed here in '93, and in '73 and In '57,
and in '37, and in England, and Europe,
and in Australia. Similar effects
spring from similar causes. Here we
have found similar effects occurring in
widely distributed nations at widely
distributed periods of time, and we find
financial 6vstem which has been
practically the same in all these nations
and at all these periods. We have,
therefore, an explanation which ex
plains, a cause which is found every
where where panics have been found,
and a closer investigation of detail will
show that the severity of panics has
borne a close relation to the complete
ness with which this financial system
has prevailtd. Franca has less panics,
and less severe onts than any other
nation, and France, while not having a
perfect system, so that panics do not
come ana money corners are worked,
yet has a larger proportion of actual
le?al tender money, acd a less propor
tion of these "bank credits" which I
have called "personal money," than
any other civilized nation.
I have shown you that the one func
tion of money is to facilitate the 'ex
cl a 'ge of products, and would have
you keep in mind this chain.
Production makes wealth.
Exchange is essential to production.
Money is essential to exchange.
Therefore, money, hile not wealth
is essential to the production of wealth.
Again.
Production gives opportunity for em
ployment. Exchange is essential to continued
production.
Money is essential to exchange.
Therefore, money, while not in itself
giving employment to labor is essential
in order that we may have exchange,
in order we may have production, in
order that we may have abundant em
ployment for labor.
You see therefore that the time has
come when men' of hearts and brains
must rise and take the misdlreeted
reins of government.
You have left them in the hands of
alien financial houses and of American
political ?iickeys until they have driven
your mighty vehicle of state to the very
ed e of the precipice, a plunge over
which will land us In bloodshed, fir
and anarchy. (
You men of hearts and brains must'
therefore, rise in a political party and
in one political party. There is not
room for two roform parties in America .
but one united body, inspired with en-,
thusiasm and love of right and justice, i
you must take hold of these reins of '
government and conduct the vehicle of i
state in the ways of truth, justice and
righteousness.
Then may you Nebraska prohibition-'
Ists tomorrow take a position that will '
demonstrate your intention and your ,
ability to rise and take the reins of
government, bring order out of chaos,
make peace take the place of strife, re-'
enthrone justice, and rescue the flags
Of the free hearts hnnn unit Vinma .it. :
angel hands to valor given, from the '
corrupt powers of organized greed and
organized ruin which by craft and!
vncKery nave stolen. May you on the
morrow orpanizn a n nriinuta fmA
with the spirit of '75 which shall never
lay down its arms till it has rescued
"Old Glorv" and nrn noraln ha ivoa.
dom's soil beneath our feet and free
dom's banner floating o'er us.
i
Thou art Freedom's child, "Old Glory,"
Born of Freedom's high desire,
Nursed amid the battle's Ire.
Tried by thunderbolt and nre,
On the Held and on the tide
Where our heroes side by side
Followed thee and fought e nd died
Gazing on thy stars, Old Glory.
We will stand by thee. Old Glory,
On the lands and "n the waves,
, For our babes and tor our grayes,
Though we stand or fall as slaves.
For thy stars are not to blame
For the treason, fraud and shame
That poiute thy holy name
la our halls of state. Old Glory.
Knaves have stolen thee, Old Glory.
For their Babylonian bowers;
From their festal walls and towers
Droops the flag that once was ours;
O'er their crimes thy beauty traffs,
And the old time answer fails -When
from Chainpangs, courts, and jails,
Men appeal to thee, Old Glory.
Be our shield, once more, Old Glory.
So the world in travail pain
Turns and pleads to thee in vain,
While through plundered vale and plain
Stripped and bruised by licensed thieves
Outcast labor tramps and grieves
With no help from thee, Old Glory.
We will rescue thee, Old Glory.
Bloodless may the process bo,
Peaceful! as the yearning &ea
Anchored to the windless lea,
But if peace cannot avail
Welcome tidal wave and gale,
Welcome lightning, flame, and hall.
Till thy very stars turn pale
In the grander light, Old Glory.
If It must be so. Old Glory,
If blind error join with force,
Truth and justice at their source
Suns and planets in their course
Let the earthquakes lift the deep
Let the wild floods wake from sleep,
Let the crouching terrors leap,
And where Gods own toilers reap
We will carry thee, Old Glory.
, Sheriff Sale.
Notice Is hereby piven, that by virtue of an
5nler of saieTssued by the Clerk of the District
"oiirr of the Third Judicial District ot Nebraska,
within and fnr Lancaster County, In an actio
KluTHin Everett Kinney la plaintiff, aud John D.
knivht I h defendant I will, at 2 o'clock p. ni , oa
lite in h day of August, A.I). Is 95, at the Eue
door of the Court House, in the City of Lincoln
Lancaster county, Nebraska, offer for sale 8
pnli lie auction the following described real estal.
to-wit:
Lot bIx (61 In the southwest qnnrtrr (s w. 14) ol
section Thirty-mix (36), town ten (10,, range si
(!), Last, aero rdi tin to the recorded plat of snM
suction, t hiity-sir (3u), containing ten (10) acre
more or le-s, in Lancaster comity, Nebraska.
H ven uutler my hand this 'iia duy ol Jul;,
A, I. 1S'J5.
FEED A. Mil, I Ell,
7t5 Sheriff.
Sheriff Sale.
Notice Is hereby given, that by virtue of an ex
eounon ipsoed by the Cierk of the District Court
of Ihe Third Judicial District of Nehranka, with-
n and for Lancaster County, In an action where
in Western Giiihs and I'atnt Company Is plaintiff,
and Theodore Kaar and Mrs, Sarah Kaar arede
(endants I will, at 2 o'clock p.m., on the l!7th day
of August A.I), 1885, at the East door of the
Court House, In the City of Lincoln, Lancaster
county, Nebraska, offer for sale at public auction
the following described rtal estate to-wlt:
The north half of the southeast quarter of sec
tion thirty-three (:13, township nine (9), north,
range six (6), east in Lancaster county, Nehruska.
(liven under my hand this Md day of July A.l.
18U5. F11ED A. MILLER,
7ta Sheriff.
Sheriff Sale.
Notice Is hereby given, that by virtue of ai
execution issued by theClerk of the District Conn
ol the Third Judicial District of Nebraska, with
in and for Lancaster County, In an action where
in the Columbia National Dank is Plaintiff, and
Theodore Kaar Is defendant I will, at It o'clock
p.m , on the l!7th day of August A.D. 1X5, at the
East door of the Court House, in the City of Lin
coln, Lancaster County, Nebraska, offer for sale
at public auction the following described real
estate to-wit:
The north half of the southeast quarter of sec .
tion thirty-three (33), township nine (9), nortl
range six (8), east, In Lancaster county. .Ne
hraska.
(iiven under my hand this 22d day of July A.D
195. FKED A. MILLKH.
7t5 Sheriff.
YOU ARE
OUR
AGENT.
For a Club of
Five yearly sub
scribers we will
give a Year's
Subscription to
the person send
ing it.
Send for Sample Copies and
work among your neigh
bors. Address
THE WEALTH MAKERS,
J. S. HYATT, Bus. Mgr.,
Lincoln, Neb.
Ball and Steamship Ticket
Affency.
For rail and steamship tickets at
lowest rates to any part of the world
call on A. 8. Fielding, City Ticket Agent
Northwestern Line, 117 S. 10th St 49 tj

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