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: ' '".'" u vol- rr. WHAT IS MONEY? Why do we accept a bit ot paper or metal at a certain value? We do so because ot the credit or trust we put la it, that all others -will take It from us at the same values. Withdraw this credit and we would not stoop to pick It up from underfoot The things we handle and carelessly call money are not the real money, but oaly repre sentatives of It. Now the representa tive is never the same as the thing it represents, and we knew that if there was not a bit of gold, silver or paper J on earth we would still have all the money we need, and we do also know that a thingraust be made out of what ever is so necessary to its existence that If that necessary thins itself could not be. What is so necessary to money that no money can exist without It? There is but one thing we can imagine and that is that very credit or con fidence we spoke of. If there were no such a thing as human credit there could be no money. But mere stagnant credit is not money it must be in circulation. Hence money is credit In circulation by means of popular signs or tokens. And the very origin of money proves this. For if all human trades had been even and no debts were ever made, no credits given money'had never yet been thought of. At first on some barter being uneven the credit was given to the debtor or the one who offered a thing of less value than the article he received in exchange for it Then bits of metal, pretty shells, beads, vampum, were used the credit being transferred to these from the person. Again, no matter what are our laws about money tqjlmit its nmoant. -.this, credit comes in a thousand forms to do the work of money. Am As to that twattle about gold being of intrinsic value and thus final pay ment when law so declares, and there fore superior let us ask can anything be payment more than payment in fact and total cancellation of the debt? Very well. So when the acceptance of a creditor falls into his debtors hands that is payment and cancellation ab solute. A government with revenues of hundreds of millions delivers Its acceptances to its servitors, wno in turn hand them over to the public that owes and is constantly owing these revenues. That Is payment and can cellation above what any mere metal can ever be. The public credit Is al ways equal to the power of the public to raise revenues. As the acceptances given Tjy the agency of the public to thn RPnrftors and contractors for-the public, fall into the hands ot the peopled who owe the revenues and pass rapidly back Into the general treasury it would be necessary to keep out perhaps twice the amount to serve as currency. No landlord, dealing exclusively with thou sands of tenants, would ever need bor row money of Individuals, as his ac ceptances woald be eagerly received by th tenats to pay rent with. Why gov ernments should neglect the public credit, that greatest bails for currencyt Is inconceivable. Bat we do worse than neglect this public credit. We have actually de clared by Jaw that a rare metal which is ownedoxclBsively by one .great hoase of London is our sole legal tender. It was the .policy of that house from the start to own all the gold stock. Eighty years ago the Rothschilds loaned "almost quite one half billion gold to several nations. As. the gold" stock of tne.woria is under five billions that house to-day owns all the gold and the -older rational bonds secared by this gold. "Were they to Jose hold of that goldthey would have ho secar ity for the principal of their boadav Had any hoase saggestedto'as to make its own pecallar property oar oaly legal tender, we woald -have regarded its impudence as'aaealllng, and consider subserveacy in jie4s a beaeath contempt: . Bat we have deae that very thing. So necessary is money to the Me of man to-day that they who own tha mosey .are -masters at the world". AH. otoargrsat Jnnnreerg. and oar richest people are the tremblinc servants that one hsaso for they knew rain the greatest of them by mandate. The ItotetMHsitMS U in a r an the xnlt&lMr ila aaar abat " $" Mknit TWsJt.iML'fctlto - BBBEJawr5's" I sssPgP" mvjsssV u a. .jpBsSs. - - - ' -1 -j - WK-. m i ' iNsrBn, sWtar) ' !- " n?K ""fl wJ7 hhiVBI asssssssssssJJsssssssa'ilp "MBWMIWb Nfc'rj' fcrBlHbrpBpix'' samsmf i -sMmmssfpssaTasT w i open our eyes to the conspiracy. What they will do now since new methods ot separating gold are found Is to be seen. Holt Oregon, Mo. PRESIDENT M'KINLEY AND THE NEGRO SOLDIERS. When It became Imminent that this country would engage in warfare with Spain over the destruction of the bat tleship Maine, It was naturally exepect ed, that President McKinley, who has always delighted in expressing so much love for his black brothers, would un hesitatingly favor their enlistment Into the army, for the purpose of assisting to maintain the honor ot this nation, against those who would attempt to insult her flag. But history has most emphatically proven otherwise. It cannot be dls puteed, but what the President resorted to every imagineable scheme to prevent the negro soldiers from participating in the Spanish-American war. He and the members of his cabinet were very much displeased when Governor J Hoge Tyler of Virginia, who Is a dyed-in-the-wool Democrat Insisted upon selecting negro troops who should be officered from end to end, by members of their own race. This act upon the part of Gov. Tyler was very displeasing to the mouth-pieces of the administra tion. Their countenances brightened up however, when Frank S. Black, the Republican Governer of the great State of New York, decided that under no circumstances would he disgrace his State, by appointing Negro soldiers to assist In waging the war against Spain. We could produce much other proof to show, that President McKinley was very 'unfriendly to the Negro troops. But from necessity, or when he had thoroughly observed, that the whites were not breaking their necks in fall ing over each other to enlist it was then decided to permit the Negro to do so. Then they were transported In unfit cars to the extreme edge ot the southern states, where they were sub jected to Insults of every kind, before, being transfered to the seat of war, and shortly after their arrival upon Spanish soil, one of the bloodiest and most sanguinary battles ever fought In the history of the world took place, and who were the most consplclous soldiers In that terrible battle? Who continued the march up San Juan Hill amidst shot and shell? Who saved the rough riders and their blatant leader or Col. from being blown Into eternity? Who continued to hold Old Glory aloft and wave It over the prostrate forms of their fallen comrades? Who com pelled the flower of the Spanish army to retreat from their block-houses and strong entrenchments? It was the Negro soldiers who performed these grand and heroic acts and deeds, and no other After he had performed all these Im perishable acts, what has been his re ward? He has not the honor and the glory been bestowed upon others, who are entirely unworthy to receive It? How many monuments and shafts have been erected to the memory of those black heroes, who led the famous charge up San Juan Hill, and where the bones of those who fell still lie? Has President McKinley ever Intimated that it was his desire to have the re mains of those black heroes who fell at San Juan and El Carney brought back to the United States? "No! But the remains of the rough-riders who had to be kicked oat of the way so the Negro troops could lead the charge, and also the remains of other white officers and soldiers, have been returned to the United States, while the Negroes whose blood has been poared out like water on every battle-field from the Revolu tionary war dowa to the present time, occupies graves unmarked near the place where they f eU lafetlng for the gag which aaorde them so protection. Again it might be permtos&ie to ask. how pany Nagroes who dtsttegaished themselves daring the Caban campaign have been promoted for performlns gallant deeds? M Is traenat some few men of the Ts4k and several ether. regiments, were -ssmpsrarfly promote, that is, in the i mania nr regiments. BetmRaot a, Jsat-tsmthey have lost their osm mlSlt. W taVmyrtertag eat sfthstr r25s? Dm net thi prove that gjssHsat maHaler tax " steeKJa Keara seidiets, ana thath Is eadenvor- HEW TO CHICAGO, JTJITT 22, 1899. ing to rid the Republican party ot the responsibility, of standing as God father for the Negro? In spite of these cold facts, the Hon. T. T. Allaln, and several other supposed leaders of the Negro race, have assumed the respon sibility of voicing the sentiments ot the ten million Negroes respecting the at titude of the administration. In dealing with the Filipinos. They have assured the President that the Negroes are will ing and eager to enlist to assist In helping establish a new form ot gov ernment In those Islands. Why should any Negro who possesses any sense be swayed by sentimental foolishness? Does he not remember the treatment his brothers received from the hands ot President McKinley as soldiers, why should he be willing to further assist to uphold the hands of those who delight In humiliating him? Why should he desire to sustain an administration which looks upon him as an Inferior creature In every respect and only fit to fight Its battles. Ah, no! My brethren, do not permit yourselves to be carried away with the idea that it is your duty to fight against the Filipinos. Do not permit yourselves to be further disgraced and humiliated by sounding the praise of President McKinley. For he has proven himself an enemy and a traitor to the Negro race. COL. WILLIAM J. BRYAN. In the early part of 1895 The Broad Ax nominated Mr. Bryan for President of the United States, and it still claims the honor of being the first newspaper In this country to mention his name In that connection. It did not desert him, but supported him for that office until he received the nomination, then it continued, to espouse his candidacy,, with all the zeal it possessed, and as the American people will soon be con fronted with another Presidential cam paign, and as Mr. Bryan Is what we term the people's candidate, therefore, there cannot be any doubt as to his nomination next year which will be equivalent to an election. There Is much Presidential timber within the ranks of the Democratic party. But we do not hesitate In de claring that our first choice for that exalted position Is the Hon. William Jennings Bryan. Let the party renominate Mr. Bryan and reindorse the Chicago platform, or, one similar in its construction, which will express the parties disapproval or opposition to the trusts, combinations, militarism, and expansion. By persu ing this course It will march on to vic tory in 1900. THREE FALSE LEADERS. JudBon W. Lyons, H. P. Cheatham and John P. Green, called upon President .McKinley the first of this week, and they assured him of the loyalty of all the Negroes throughout the country, and that the course which he has par sued in the past in relation to the Philippine Islands and In all other,, re spects has met with their highest ap proval What rot and nonsense! Who has empowered Messrs Lyons, Cheat ham and Green to speak In behalf of the ten million Afro-Americans Has their been any convention or confer ence held In any section of the country recently, which passed resolutions in structing these three political mounte banks to pledge the support of all the Negroes to the present administration or are these three lackles of President McKinley acting upon the theory, that they are the three great lams, and that they carry all the other Negroes both great and small around in their hip pockets? Surely these three unknown leaders, who are receiving their bread and but ter from the hands of President Mc Kinley must know, that the larger per cent of the colored population have be come utterly disgusted with the Pres ident and the dissatisfaction if wide spread and national in its scope. In passing we must pause to say, that theleaderahip of Lyons, Cheatham and Green is on a-parallel with some of the jack-leg preachers, who thrive 08 the misfortunes of the race. Nit! Messrs. Lyons, Cheatham and -Green. Ton three gentlemen do net, represent the sentiments of the Negro ; race respecting its indorsement of Pres ident McKinley and we will veatare the assertion that yoa three, who are growing rich from oflce-heMIng, while .saiag,-inthe nanshlae.ot thev.Fres iiaai'a mafiar, caaaet eaatral .these haadeed Toters. THE LINE. NEW SUBSCRIBERS. The Broad Ax made Its advent last Saturday, and the Hon. C. S. Darrow was the first citizen of Chicago to walk up and plank down his money, towards helping to maintain it Lawyer Fred erick W. Job of 815 Marsaette building "was the second gentleman to follow Buit W. E. Ivens, dealer In groceries eta, 294 W. Lake street, entered his -name as number three. John H. Cross, dealer In wines, liquors and cigars, 222 W. Lake street knoa a good thing when he sees 'It and he was the fourth to ad his name to our mailing list in this city. A number ot ether snbstain clal citizens have become regular sub scribers to The Broad Ax. CHIPS. Gen. R. A -Alger has tendered his resignation as Secretary of War, and there Is no regret expressed over his actions, for he has been the load-stone of the administration. During, the month of August the city will be full ot strangers, who will be In attendance at the two Afro-American Conventions, and all who have fur. nlshed rooms to rent or who can fur nish board to the visitors should make It known by advertising In The Broad Ax. Many prominent Democrats from all parts of the country were attracted to this city, owing to the meeting of the Democratic National Committee, which was a great success. The com mittee made an excellent selection in the person ex-Governor W. J. Stone as Vlce-Chalrman. James A. Ross ot Buffalo, N.Y., chalr manoflhe 'Executive "ana "Campaign Committee of the National Negro Dem ocratic Association, visited Chicago the present week, and attended the sessions of the Democratic National Committee. Mr. Ross Is favorably Impressed with this city -and thinks it the paradise for the negro. The Chicago Tribune thinks it is out rageous, upon the part of CoL William J. Bryan, to receive any compensation whllehe is engaged In delivering lec tures. But we cannot see any Impro priety In this, and as the Tribune Is the accepted organ of the administra tion, Its criticisms of W. J. Bryan carry but little weight The Popular Science Monthly for July contains an -able article on "The De cline of Negro Suffrage," by Prof. Book er T. Washington. Prof. W. H. Conuclll of Alabama has also contributed a very readlble, article to the July Forum. These two contributions should be read by everybody who are Interested in the race problem. stock continues to climb upward, Mr. Simon B. Turner, the power behind the Monitor .iaunched his new boom in a Jong, editorial and he sets forth in glowing colors the reason why the Gov ernor should lead the Grand Old Party of this State and the reason why he should receive the united support of the negro voaers. But we believe the ne groes remember the treatment which they have recelvd from the Governor In the past and In' the future they do not propose to be caught with such bait LETTER OF COMMENDATION. July 15th, 1899. To whom It may concern: Julius F. Taylor, who comes to this city well recommended, has begun the publication of "The Broad Ax," which, I am Informed, will disseminate Democratic principles and contend for the higher intellectual development ot the Afro-American race and mankind in geaeraL While he Is thus engaged X bespeak for him the hearty support of all loyal and true friends of Democ-. racy. Respectfully, Carter H. Harrison. WANTED. One. or two energetic solicitors and also a good right-up man can .find em ployment by calling on or addressing The Broad Ax, 5W0 Armoar aveaae. KOTICK D. D. Johnson. Be., of 22 N. Car pester street, whs Is well and favorably known, on the west stde is aatherised te act as agent tor The Broad- Ax. . Asr-nT Hems. give, to Usa, will ted their way late Ki SOCIETY ITEMS. Mr. Charles Winter Woods, instruc tor in oratory at Tuskegee Institute, is In the city. Miss Luetta Price, ot 4831 Dearborn street has gone to Terra Haute, Ind., for a short visit Miss Lydla Cunningham, af 2967 Ar mour avenue, will spend the summer In Pine Point, Ind. Rev. Lewis Johnston, a faithful worker In church and school at Pine Bluff, Ark., Is in the city. Miss Edith Caldwell, of Nashville, Tenn., Is the guest of Miss La France Settle, 4206 Langley avenue. Miss Cor inn e Wilson, ot 512 56th street has been seriously HI with a nervous trouble. She is improving rapidly. Mrs. R. C. Ransom returned to the city last week after an extensive trip, covering WOberforce, Cleveland and Detroit Mrs. Jennie Crutchfield and Mrs. Hattle Beard, of 3625 Dearborn street have gone to Montreal, Canada, for the summer. Miss Lillian May Arrington, who was the guest of Mrs. S. B. Turner. 3112 La Salle street returned to her home In Brooklyn last Tuesday. A reception will be tendered the graduates of the various schools at Grace church next Tuesday. Mrs. Am erica Cooper Is managing the affair. Mrs. J. M. Townsend, wife of Rev. J. M. Townsend, of Cincinnati, is the guest of her daughter, Mrs. Clarance Gogglns, on Dearborn street, near 30th street Dr. John G. Mitchell, Dean of Payne Theological Seminary, Wilberforce, O.. stopped over In town last Sunday. He was the guest of Rev. Ransom. He left Monday for Denver. Mrs. Emma Stewart who was con fined by Illness to her home, 4012 State street, has quite recovered her health. Attorney John G. Jones will leave In about a week for Cleveland, Ohio, to attend o Masonic Convention. Colonel John R. Marshall and his niece. Miss Essie Arnold, left last Sun day for Washington, D. C, where Miss Arnold will spend the summer on a visit to her parents. Colonel Marshall will return in about two weeks. Mr. Richard A. Crolley was tendered a reception by his many friends last Monday night at his residence, 5516 Armour avenue. It vns a farewell party, as Mr. Crolley has now gone to visit relatives and friends in Tyber, Go. Mrs. Daisy Robinson Williams, the pianist was granted a decree of divorce from her husband by Judge Ball, of the Circuit Court last Monday. She resumed her maiden name of Robinson. Miss Robinson lives at 4609 Vipcennes avenue. The funeral ot Mr. David Henry took place from the residence of Mrs. Chand ler, 368 27th Btreet, last Saturday, his death having occurred there on the previous Thursday. Mr. Henry was a well-known stenographer, and held many positions of honor In his life time. He was a member of Grace church. Last Tuesday evening. Mrs. Theodora Lee Purnell gave a reception and danc ing party at her residence, 43 29 th place, In honor of Miss Johnson, of Detroit who has been her guest for the past week. Miss Mabel Wheeler, of 5440 Langley avenue, also entertained last night at a dancing party, in honor of Miss Johnson. Qulnn Chapel has been celebrating its 52nd anniversary all this week, and every night has seen the church brllll aatlly lighted, and the scene of much entertainment. The lecture room was ailed with seven booths, presided over by the prettiest members of Dr. Carey's flock. Mrs. Carey was the leading spirit in the enterprise, and whatever success was achieved, the credit is largely due to her work and Interest tUmmtHnn SAIL 'X new indastry is springing ep In northern Mexico sinking wells for salt water to manufacture salt for mining and domestic purposes. One company has secured 1M.99 acres of salt water territory at Camaroa, 13 miles seath el Laredo, and Juve.strack water eeaUmls 12 per, cent, salt, worth from 1 to 3 cents a pea-ad. TsO. 43. . MIXED PARAGRAPHS. There are in the United States 23.000 summer hotels. Paris has nineteen theaters and four circus buildings. President McKinley has received the LL. D. degree from seven colleges. About half an average crop of ap ples and plums is expected in Iowa this year. Philadelphia collected 5102.000 as taxes on trolley company dividends last year. To clean asphalt pavements In Utlca last year cost about two cents a run ning foot Buckingham Palace has a scent fountain, which on state occasions is fed with cologne water. The forest area ot all the British possessions In America Is estimated at about 800,000,000 acres. Don Jaime, the only son of the Span ish pretender, Don Carlos, has just won $100,000 In a lottery. Congressman Ketcham of New York has served in thirteen congresses and has never made a speech. Ex-Congressman Simpson says he enjoys his editorial duties more than he did his work as congressman. Baltimore has the largest negro population of any city In Chrlstendom. The census Is expected to show at least 125,000. President McKinley at the last White House reception broke the band-shaking record by greeting 4.816 persons In an hour and forty-five min utes. The area of the Pretoria diamond fields continues to be increased by dis coveries in almost every direction," and the yield from the extensive wash Is reported as highly satisfactory. The Invitations to President McKIn Jey and .President Diaz, to attend .the.- Chicago celebration next October are inclosed in handsome mahogany boxes made from the old government build ing at Chicago and lined with purple velvet MISCELLANEOUS. ' An International exhibition of postal cards will be opened in Venice in July. Yang-Tu, China's delegate to the peace congress, was educated at Har vard. Mexican dollars are current all over China, and when they can not be had block silver, uncoined, Is used. Prof. Hadley, who saw the ale Princcton baseball game, was the first president of Yale in years to attend such a contest Jacob Field, Wall street's greatest plunger, estimates that he has paid out $75,000 In revenue stamps since the beginning- of the war with Spain. Mr. Sidney Cooper, the English artist who is now nearing his ninety sixth birthday, had four paintings on view this season at Burlington House, and sold all of them. The dogs in Barnwell county. South Carolina, are returned at a valuation of $12,830, while the assessed value ot the entire propeny of the county In sheep and goats is $201. A toboggan slide in St Moritz. Switzerland, extends three-quarters of a mile, and Is raid to be the longest In the world. The descent has been made, in seventy-one seconds. In Switzerland a milkmaid gets bel ter wages if gifted with a good voice, because it has been discovered that a cow will yield one-fifth more milk if soothed during milking by melody. The cake at English weddinss Is al ways' a star feature. Usually at a fash ionable affair .It. Is fully six feet lgh, and is a marvelous architectural struc ture of icing adorned with flowers and figures. DUNS AND THEIR DOOES. Visitor "What lovely farnltnre?" Tommy "Yes; I guess the man we boaght It from Is sorry now he sold it; he's always calling to look at If Brooklyn Life. Daughter "Mamma, If I must write to Mr. Bray about his extortlonato bill, should I say, 'Dear Mr. Brayr Mam ma "Certainly; under the circum stances," Detroit Journal. "Is yoar father at homer asked a caller. "What Is yoar name, please?" iae.a!red the little glrL "Just tell him it Is his old friend, BUI." "Thea. I reckon he ain't at home. I heard him tell mamma if any bill came h? wasa't at home." Little .Falls Transcript ' Little Virginia "My mamma say yea live in a haaated hoase. Little Wlnale "The Men. We daa't 'lifer. "Neasdy ever heard of a ghost lasMt' er hoase.'- Little Virginia -fee, hat it's always sauted Try a crowd at esHeetsrs." ireoatift i i. l ii M 4:1 I 1 I -J 0 rfr ( Vr .