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DECEMBER 18. 1902.
THE NEBRASKA INDEPENDENT. 3 BANKERS' PANICS Major 8UfU Shows That Kvsrjr Finan cial Crash Has Bn Caused by tha Bankers Editor independent: I find copied in the Atlanta Constitution, from the North American Review of December, an article from the pen of the late Thomas B.' Reed. What astonishes me is that the Constitution should copy without criticism an article so full of fallacies, illogical conclusions and er roneous assertions. . ;For instance, Mr. Reed asserts that "the triumph of protection has always been followed by prosperity the de- . feat by hard times." And then he pro ceeds to show (in his mind) that the hard times of 1893 (produced by oper ation of the McKinley act, which was protection run mad or gone to -seed) was produced by the Wilson act, a law that diet not' go into effect until late in 1894. ' I admit that the action of the bank ers in calling in their cash and refus ing to let out any more in the sum mer of 1893 hastened the panic though their object was to compel the repeal of the purchasing clause of the Sherman act of 1890. And right here let me state an historical fact: We never had a panic in th3 19th century that was not caused by the bankers, who influenced the action of the con gress. i By their demand foreign coins of both gold and silver were demonetized in 1819 an act which congress was by the force of public opinion forced to repeal soon dfter. In 1837 a change in the ratio from 13 to 1 to 1(5 to 1 . produced for ten years universal dis tress. In 1846 the Mexican war broke out; then the calling out and equipping of 50 or 60 thousand troops, and their . transportation caused the issue of a large amount of circulating medium and prosperity was helped on by the discovery of gold in California in 1849, and- we had good times until 1857, when congress, again at the de mands of the bankers, demonetized all foreign coins. This reduced the circulating medium nearly 300 million dollars in that day there was a large amount of foreign coins circulating. This was followed by a fearful panic. Soon after the war came on, atid then came the act of 1873. This act again was at the demands of bankers. And then in 1893 they put in their oars again. - Now Mr. Reed would have us believe that the Dingley act gave us prosper ity, when in fact it had nothing ;o do with it. Three causes led to the pros perity alluded to. First, the world was short on all that man and beast subsisted upon. We -had the most bountiful crops we ever had. We fed the world. Our exports over our im ports ran up into hundreds of millions . of. dollars per annum. Second, the Spanish war came on and we called out 250 thousand troops. These all had to be fed, clothed and transported. This immense call Df troops was in tended to produce prosperity. No doubt our 25 thousand of standing army, backed by the navy, could have run the Spaniards out of Cuba in six months. Gen. Winfield Scott took the city of Mexico with less than ten thousand men. Third, as soon as the republicans got into power they started the mints day and night to coining fifty-cent dol'ars and coined more silver than was ver coined in the same time in the history of the nation. They coined the seignor age even that they bad helped Mr. Cleveland veto. And the janitors had hard work to keep them from coining up the water pitchers aud other sil verware about, the capital city. Nor did they stop here they flooded the country with "shinplaslers." They rail them national bank nots; neverthe less they are "shinplasters" all the same. They put millions of them in to circulation. They gave all who could get up 25 thousand dollars a premium of from 2 to 4 per cent per annum if they would help them to flood the country with a circulating medium and let them go without pay i g any taxes worth naming. Now. Mr. Editor, bear in mind that these same people stood aghast in 1896 at the thought of free coinage of silver, which they said would flood the countrywith fifty-cent dollars. By the logic of their own argument, they have flooded the country with 25-cent dollars, for the largest amount of money free coinage could have pi ven us would have been 50 or CO millions per annum while they have actual ly turned loose 126 millions per an num for the last five years, coining so late as in the past October two and one-fourth millions of silver dollar? and in October of last year two and three-fourths millions approximately. No, Mr. Editor, these people are not fools; they can see a dollar as far as any people on the earth, or under the earth, for that matter. They have read history. They know that England was never so prosperous as when she was fighting all Europe under Na poleon and they know that no people can prosper without a plentiful sup ply of circulating medium, even if it is "shinplasters" or silver. But Mr. Reed said the Dingley tar iff did it all. Now, I have respect enough for Mr. Reed's intelligence to think that he was only trying to up hold the protective tariff system, be cause his section of the country haa been able through the operation of a protective tariff to plunder the con suming masses of the country for a hundred years and they hope to con tinue it for another hundred. N6 wonder we are a nation of million aires and paupers. Look at Carnegie and Frick; then look at the men who worked for them they are poorer to day than when they began to labor for them. Look at the coal barons and then at the squalor in the hovels of the men who delve in the mines. Yet I never heard a demagogue attempting 'to defend the robber tariff system that did not want to make up the differ ence in wages in this country and the pauper labor of Europe. And yet I be lieve every man who uses this argu ment is conscious that he is telling a lie. I need not follow Mr. Reed about the trusts. What he says is the rot that Mr. Roosevelt has tired the na tion out with; yet neither of them nor anyone else has told us which are the bad trusts or which are the good ones. ' But I will tell you they are all bad; "none are good, no, not one." A. H. STEAGALL. De Land, Fla. leaders expressed it, when reproached because the church had taken so prom inent a part in the late election In contradiction of their tnost solemn promises made when seeking state hood, to abstain from meddling in politics: 'We thought it best for the church to keep in line with the ad ministration.' It is said by anti polygamous Mormons that 'one of the evil effects of the Roberts fiasco and the resulting republican agreement is that polygamy has largely increased among the higher church officials, and that they have both advocated it and practiced it more openly and uublush ingly for the last three years than before since the Edmunds-Tucket 'law of 1887, feeling greater assurance of protection under their agreement as long as they can carry it out success fully." The "grand old sarty" is in league with polygamy in the United States and protects slavery by treaty in the Philippines. "The twin relics of bar barism" which it was organized to fight, it now gathers to its bosom and still claims to be the party of Abraham Lincoln. VILEST THING ON RECORD The Itargaln MHle Iy the Republican Nn- tionnl Committee aid the I'racl'ce of Polygamy I - There was never a more vile and disreputable thing done since govern ments were first instituted among men than the bargain that was made by the republican national committee with that portion of the Mormon au thorities who favor polygamy and most of whom still practice it. The Independent informed its readers of this vile bargain at the time it was made, and gave them all the facts in the case, including the visit of Payne and his consultations with the Mor- j mon leaders. One of the most promi nent and best posted citizens of Utah writes as follows about the results of that bargain: "The leaders of the Mormon church in the state of Utah, at the time when Brigham H. Roberts was denied his seat in the lower house of congress for polygamy, were profoundly stirred by the fear of a constitutional anti polygamy - amendment, by which of fenders would come before the United Stales courts instead of the state courts. They had good cause to fear ! that such a condition of affairs would put it in the power of the anti-poly-i gamists to harry many oi the highest i officials out of Utah and force them j la flee to Mexico and Canada to es i cape the penitentiary. The republican leaders, both Mormon and Gentile, hurried to Washington to avert such a calamity. And it is generally under stood here that an agreement was reached between the heads of the church and certain Jead3rs of the re publican party in congress that as long as the Mormons kept Utah re publican such an amendment should be smothered in committee with as little stir as possible. "As soon as the church leaders could get the machinery in working order they began to carry out the agreement, and have faithfully car ried it out both in the last presidential election and in the late election. The church cannot control the bulk of the Mormon voters, hut it ran, and does, control a few thousand, enough to give them the balance of power. The halt Lake ministerial association, now that the horse is stolen, are makfng strenuous efforts to lock the stable door so as to keep Apostle Smoot out of the senatorship. They claim to be able to prove by legal evidence that a majority of the twelve apostles and the first presidency are living in polygamy today, and that Smoot has openly and persistently advocated it "It is well known here that the church leaders strained every nerve and brought to bear every part of the machinery of the most perfect and strongest hierarchy known in the his tory of religious organizations to car ry the states of Utah, Idaho and Wyoming at the November election for the republican ticket. "As one of tho prominent church The eastern papers, since the death of Thomas B. Reed, are tilled with the witticisms of his congressional career. Many of them were side splitting even in print, but the full force of them cannot be conveyed in that way. They lack that peculiar enunciation and slow Yankee drawl for which Mr. Reed was famous. There was one occasion, however, when Mr. Reed's ready repartee failed him. He was making a speech, in which, as was the, habit of the repub licans of that time, he said he made no pretentions of knowledge upon the financial question' :dnd was content to leave it to those who "understood it. j "I do not pretend to understand the money question," said Mr. Reed, "and I never knew any man who did except a greenbacker or a pop." Quick as a flash, Jerry Simpson cried out in a piping voice: "That is one trine when the gentleman from Maine told three truths in one sentence." There was a roar, of laughter. Mr. Reed turned his gaze on the sockless statesman and every one was on the qui vive for the reply. But Mr. Reed made no reply. Mr. Hopkins quotes an item from the National Tribune to the effect that the government expects to save about $33,000 by abolishing the "letter car riers' physician" except in the largest cities. This is saving at the spigot and wasting at the bung. If the gov ernment would pay the railroads for carrying the mails at the same rate express companies get their goods hauled, (over 36 cents per ton-mile) every letter carried could be furnished with a private physician and still the government would have a surplus left. But .after all, notwithstanding these objectionable features, it is still a fact that the people get their letters carried at less expense to them than If the ex press companies had a monopoly of the business. THE VALUE OF CHARCOAL l ew People Know How Useful it Is In Preserv ing Health and Beauty . Nearly eterybody knows thtt charcoal it tha safest and most elllcient disinfectant and puri tier in nature, bnt few realize it Tslue when taken into the human system for the flame cleaustne purpose. Charcoal is a remedy that the more you take of it the better; it is not a drug at all, but simply absorbs) the rases and impurities always pres ent in the stomach and intestines and carries them out of the system. Charcoal sweetens the breath after smokfna. drinking or after eating onions and other odor ous Tegetables. Charcoal effectually clears and improves the complexion, it whitens the teeth and further acts as a natural and eminently safe cathartic. It absorbs the injurious iraies which collect in the stomach and bowels; it disinfects the mouth and throat from the poison of catarrh. All druggists sell charcoal In one form or an other, but probably the best charcoal aud the most for the money is in Stuait's Abaorben Lozenires; they aro composed of the finest pow dered Willow charcoal, and other harmless an tiseptics, in tablet form or rather in the form of large, pleasant tasting lozenges, the charcoal being mixed with honey. . The daily use of these lozenges will Soon tell in a much improved condition of the general health, better complexion, sweeter breath and purer blood, ami the beauty of.it is, that no pos sible harm can result from their continued use, but on the contrary, great benefit. A Buffalo physician in speaking of the bene fits of charcoal, says: "I advise Stuart's Ab sorbent Lozenges to all patients suffering from gas in stomach and bowels, and to clear 'the complexion and purify the breath, mouth aud throat; I also believe the liver is greatly bene fitted by theiaily usfl of thsmjthey cost but twenty-five cents a box at drug stores, and al though in some sense a patent preparation, yet 1 believe I get more and better charcoal in Stuart's Absorbent Lor.enees than in any of the ordinary charcoal tablets.". SWell g : Were Pleased. What a few of our customers say those who have made purchases of us: ARAPAHOE, Neb., Nov. 13, 1902. Farmers' Grocery Co., Gentlemen: Enclosed lind P. O. order for 5 dollars for which plea.se eud combination order No. 64 as advertised. Last, order ar rived hatisfhctory. Goods just as I expected. Very truly yours, ADD1E JONES. ST. MICHAEL, Neb. Farmers' Grocery Co., Dear Sirs: Goods you f-ent me arrived this A. M. I think them very good value and just as advertised. Yours truly, JAMES WEBBER. HOT SPRINGS, So. Dak. Farmers Grocery Co: Combination order received. Everything pleases us. Send enclosed order to JOSEPH PETTY, Hot Springs, So. Dak. We could publish a list of letters from customers that would till this entire page if necessary. The almve testimonials are just a few taken r.t random from our correspondence. This Offer Good only Until Christmas. HOLIDAY COMBINATION. 40 pounds best fine granulated sugar .$1 .00 20 lbs good rice 1 . 00 1 keg choice syrup 1.00 2 lbs. choicest uncolored tea. 1 .00 2 lb?, best baking powder 50 -. pkgs. best soda 25 1 lb. purest pepper 25 All of the above for $5.00 We deliver the a bore order gecurely packed to any R. R. station in Nebraska, Colorado or Wyoming upon receipt of $5.00 in draft, express or money order. Freight paid by us. Every article war ranted good or your money back. Reference Columbia Nat'l Bank FARMERS GROCERY COMPANY. 226-228 -230-232 234 -23G No. 10th St., Lincoln, Neb. tot -a- -vr mr "r 4r 4r "a