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THE NEBRASKA INDEPENDENT. DECEMBER 18. 1902. STRANGE EDITORIAL EPIS DE . Ia the course of many yeara of news paper work, some strange and some very interesting things have occurred, but none so out of the ordinary as that the editor of a populist paper should become the confidant of a millionaire. Some copies of The Independent com ing Into the millionaire's possession Teas the occasion for It F emission has been obtained to use rome por tions oft the correspondence as it shows men who have accumulated great wealth meet questions that have a tendency, especially in their old age, to bring anything but happincv? to them. The Independent, will make a short summary of the lu'e of this millionaire as he has told it himsel! but in such a way, that no one, not even his most intimate friends, couid get an inkling of his name or even thr etate In which he lives. In the first- place, this man is wort", somewhere in the neighborhood of $20,000,000, that is at the present price of stocks and bonds. Not one cent of this has" been accumulated by the vio lation of any law. According to bus lness ethics, every cent has been hon estly made. And in brief, this Is the way he, got it: He began life on a cattle ranch. He become acquainted with a tamer who proposed that he, the miner, would go out prospecting, if this present millionaire, whom we will call Mr. Jones, would grub stake him for half of what he might find. Mr. Jones saved every cent possible of his salary and paid it over to thi& nan for two years when a "pay streak" was found. The mine was sold and Mr. Jones' share, aftr all ex penses were paid, was $41,000. Willi this money Jones engaged in the cattle business and finally sold out his In terest for $400,000 and went back eas with that amount of money He ani four other man secured a franchise to build a street car line. The fran chise was given to them and not a dollar was spent in buying up ci.v councils. The line was built and other lines added. The contract not to charge more than 5 cents a fare was honestly kept and in one instance transfers were granted and 5 cents charged where the contract womM have allowed them to charge 10 cents. Upon the original investment the it come was nearly 20 per cent and pail quarterly. This was always immediate ly reinvested in as good securities as could be obtained on the market, sonv of it In county bonds paying from o to 8 per cent interest. The enormous Income from the street car systems was really compounded fou; times a year and mounted up at an astonishin. rate. Some of this money was also Invested in real estate, which since Its purchase has more than doubled in value. After a while the other partners in thy street railroad proposed to dou ble the original stock. To this Mr. Joi.es objected, but as the others, all taken together, owned a majority ot the stock. It was dene. Thereupon Mr. Jones job. his stock, which upon its face was double the amount that he had invested at 115. The result of this was that while he had been re ceiving 20 per cent interest on wh7t he had invested, he now had returned to him $2.30 for every dollar that In put in. This amount that he received for street railway shares hp invest? 1 In the stock of one of the oldest and most conservative railroads. Shortly af.er this Investment, the rrad passed Into the control of other men and the stock of that road was doubled by a vote of the directors and stockholders, so his capital was doubled again and on that he has been receiving a quar terly dividend of 2 per cent. The re sult of all this and some minor trans actions, Mr. Jones is now worth $20, 000,000. He has never bribed a city councilman or tried to influence a congressman. Only once did he ever appear at Washington and that was when he had bought some shares in an iron and steel concern. The prin cipal stockholders insisted that he should; go with them to Washington ard appear lfore the ways and means committee o sfcure a higher tariff on steel and ir' n. He went and appeared along with them but never uttered a word when he and the other gentle men appeared before the committee. Others did all the talking. Shortly af terwards he sold all his interests in that company. Mr. Jones is a married man and has several sons and daugh ters. He is a member of one of the Evangelical churl hes. But Mr. Jones is not happy. The following extracts from his letter tells why: "My sons will not enter into busi ness or take up any useful occupa tion and they spend their lives in frivolity. My older daughter wears herself out In an endless round of social functions. Neither of them can see any necessity of doing anything bdt to try to amuse themselves. They know that there is a fortune for each of them safely invested. I sometimes feel that I ought not to have so much money, but I got it honestly. The only thing that I regret Is that street car transaction. . I sometimes think of the crowds of poor working people on the cars each of whom paid 5 cents, when 2 cents would have paid a fair return, on the capital invested. I feel that my boys would be better men, yes, and happier men, If they had to begin life as I did. But what am I to do? I might spend some millions in charity,' but charity degrades men and as to endowing universities, there seems to be a plethora of that already. I might enter into some reform move ment, but I know nothing about gov ernment or political economy and would probably do more harm than 7.ocl. It seems that all that I can do Is to sit here and see my money con tinue to pile up around me, for It is all Invested and my . income is large something like $800,000 a year. The family spends over $100,000 and the rest of it piles up. I try to find safe investments for the remainder from habit I suppose but thus adding to the capital only increases the incomt, and makes the burden heavier each year and all for what? I wish sonn one would tell me." How many more men there are ot this sort among American millionaires it would he hard to tell, but here is. one at least who has not found happi ness in the accumulation of money. He has been the victim of his environ ment as much as any half-starved wretch in the slums of New York. It can be plainly seen that his wealth has come from the gift of franchises and the watering of stock which has been the practice under our laws and sanctioned by public opinion. The continued accumulations which are the result of such fortunes, for the owners can't spend or give away the vast amounts, will in the end. impover ish the whole mass of the people. Think of these things. A CHANCK FOR MORGAN Mexican dollars are now selling at 37 cents each in "the world's currency," a3 the State Journal lovingly refers to gold. And American silver dollars would be selling for a trifle less than 37 cents each if they were not a legal tender issued by one of the mightiest and wealthiest nations on earth. Am erican bar silver is selling at 47 5-8 csnts an ounce. Here is the chance of a lifetime for J. Pierpont Morgan: By raising a great hue and cry about the "parity" and national honor, the pres ent congress might be induced to take away the legal tender quality of the six hundred millions of silver dollars and offer to redeem them in quantities of a thousand or more on presentation at the treasury, giving yellow gold in exchange. Of course it wouldn't take but a few days, or hours for that matter, till silver dollars would be refused at the banks for more than 36 or 37 cents, and the price would drop very fast. It would not be surprising to see them go down" to 25 cents or even 10. Of course the fellow who presented a wa gon load of them at the treasury would get gold coin or greenbacks or na tional bank notes dollar for dollar and a handsome profit could be made gathering them in. The poor devil with four or five of them in his pocket couldn't get his redeemed; he would be obliged to take what the grocer would give him for them: and the grocer would be obliged to give no more than the banker would allow for them on deposit. Equally of course the $150,000,000 of gold reserve wouldn't last much longer than the proverbial snowball; but bonds could be issued to buy back from the bullion gamblers what they had withdrawn in exchange for de monetized silver dollars, and the pro cess could go on until the whole six hundred millions were "redeemed." The gold gamblers would have six hundred millions of bonds; the silver certificates would all be wiped out and the government would have tons and tons of silver, worthless as money, and worth but little as metal. Then by a little more agitation it could be decided that the government ought to sell its silver at auction. That would make such a slump in th price of silver bullion beside which all others would pale into insignific ance. Morgan could buy the dross for a song and sing the song himself. Of course, there would be "some thin doin'" in the United States. Thousands of business men would go to the wall, but they would be com forted bv the assurance that panics are inevitable; that they come and go just like winter and summer, and that it is both trenonnble and blasphem ous to thin th-.t inv monetary legis lation could poHilv cause a panic. Poor, old. nv'i'-v"r' oH "Confidence" (or want of him) would have to bear the blame. Morgan could make a profit of o0 to 75 per cent financing the redemp tion of the silver do'lars. IT couid thAn b'iv the coins hack for 10 to 15 cents an ounce. And then, when the noule were wroeht tin to fever heat over the panic, Frank Munsey's maga- MM 1WUI I -J ttffOHldsiiS The Tas. Boss Stiffened Gold Watch Case is made of two layers of Solid Gold with a layer of Stiffening Metal between welded and rolled together into one solid sheet of metal. The Jas. Boss Case is a Solid Gold Case for all practical purposes. The Stiffening Metal simply adds strength and durability. The Boss Case is guaranteed for 25 years by the largest watch case makers in the world, who have been making it for a full half century. Every Boss Case has the Keystone trade mark stamped inside. Ask any dealer to show" you one. Write us for a booklet telling the whole story. The Keystone Watch Case Company, Philadelphia. By this mark Wf yoa know them zlne and all the munseyized papers in the United ' States could begin to agi tate for the free and unlimited coinage of silver at 16 to 1, regardless. It wouldn't take fifteen days to do the trick. Every big and every little re publican paper in the United States would be clamoring for free silver. And substantially every democratic paper would be "agin' " it But it would prevail and without spoiling the mint mark on any of the old coins hid away in the vaults, Morgan's fif teen or twenty thousand tons of silver would suddenly jump up in price from 10 or 15 cents an ounce to $1.29. He ought to clear up half a billion dollars easily on this transaction alone, to say nothing of the half billion made doing the redemption stunt. A billion dollars isn't made every afternoon. And if Morean doesn't take advantage of this opportunity, The Independent will mark him down as fit only for running a peanut stand. CAPTIOUS CRITICISM During the past six months the tem porary school fund has been credited with $17,000 of interest upon state warrants, which would indicate that over $600,000 of Irredeemable warrants are held as an investment. In other words, more than $600,000 of the state's floating debt is credited in the per manent school fund as an asset, when in fact it is a liability. To put it more tersely still, the state has taken over $600,000 out of the school fund and replaced the money with I. O. U.'s. Omaha Bee. All of which goes to show that the Bee is better equipped to talk on some other subjects say, taxation of rail roads than it is to discuss school investments. A little investigation would show that the state now holds approximately a million and a half of these "irredeemable warrants." But the $17,000 in interest came from the redemption of about $350,000 of 'irre deemables" purchased some twenty months previous. Not a cent of inter est on state warrants held as an in vestment gets into the temporary fchool fund until the "irredeemable warrant," both principal and interest is fully paid and redeemed. There are no partial or annual payments of interest on registered general fund warrants, as the Bee ought to know. The Bee's terseness verges on im becility. The state has taken several millions of the school fund and re placed the money with I. O. U.'s of various kinds. There is about ten thousand dollars in I. O. U.'s of Un cla Sam registered consols; three mil lions and more of county I. O. U.'s; besides $300,000 in the I. O. U.'s of Massachusetts (when the deal is final ly completed). Is a state bond any better security than a state warrant, and if so, why? Has Nebraska ever repudiated a state warrant, with the single exception of those illegally issued by 'Gene Moore to the sugar factory? The Bee's at titude on this matter reminds The Independent of the fellow who was so suspicious of himself that he always locked his trunk and gave the key to his wife, in order to make sure that he would not rob himself. The greatest travesty on govern ment ever enacted in the United Stat es occurred the other day in Denver, when a majority of the board of coun ty commissioners who are out of jail on bonds fo' stealing, got together and as a boar l of equalization lowered the taxes on the corporations holdia city franchises $200,000. When mu nicipal government gets to that sta'-; through the bribery of public official by the owners of city franchises, pop ulism is the only thing thai will save them from reversion to actual barbar ism. With the public ownership of the water works and street car lines such thingse could not occur. a L so J B I FKE H . T1UAL S The Sure fetch's Latest An automatic, direct acting regulator that surpasses any other improvement ever made in incubators. Send for new illus trated catalog and free trial offer. SURE HATCH INCUBATOR CO , Clay Cuter, Hsb.. or Columbus, CHc upturo ours S iw w a 1ia litU Main If ruptured write to"l)r. W. S. Rice. UU Main St Adams, N Y., and he will send free a tnai of hs won derful method. Whether fkeptical or not (ret this free method and try ths rrnssrkahle inTention that enrea withcit pnin, dancer. oeration. or detention from Work. Write to-day. Don't wait. SSZSSS' Cancers Cured; why suffer J pain and death from cancer? Dr. T. O'Connor cures cancers, tumors and wens; no knife, blood or plaster. Address 1306 O St.; Lincoln, Nebraska. DRUG ROY'S STORE IG4 Hull 101k St We say "Roy's" drug sL,. -as a matter of fet it is EVERYBODY'S drug store almost. Roy only coj ducts it, buys and keeps to sell .n goods, and meet and fo. competition. Our patrons do the rest. We want Iri remi-1 you of seasonable goods, viz: harden Seeds, Condit' . Powders'. Lice Killers, B. B Poison. Kalsomine. Paints, Oils, Varnishes, etc. We make a specialty of all kinds of Stock and Poultry Foods, etc. Dor't miss us. Roys' 104 No lOiii LINCOLN, NEB. FAT TOO FAT Peopl e 'Reducto' Ferlor ronr Weight With i rauir jinn lai aim up rejined. liefinfi lour fat and I e reduced, "heducto" Is a perfectly harmless veetai'Ie compound endorsed hy thousands of physicians and people who have tried It. W e send you the J' ontnila, vou make Meiuetn'' at home if you desire, joi, know full well the ingredients and therefore need have no fear of evil effects. end $1 w for celptand instructions everything mailed in 1'ium rurnjr. Auuress Ginseng Chemical Co., .t?01 S'. tleOrsnn A v.. St ,,,L M Piano For Sale Entirely new, high grade piano for sale at a bargain. For particulars ad dress The Independent, Lincoln, Neb.