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DECEMBER 24. 1S03.
THE NEBRASKA INDEPENDENT 13 HOW CLARK glJYS A BOHD Which Guarantees His Family an Es tate, if He Dies, and Himself a Home, if He Lives. Mr. Clark, aged thirty-five, is man ager of the elevator In the town of Sa lem. The position pays him a good salary, enabling him to cupport his family and lay aside about $200 per year. Though he is now living com fortably, he realizes that he must de vise some way of providing an income for his declining years. , His idea is to .buy a farm. During a period of meditation as to whether or not he shall purchase a certain quar ter section of land which is for sale at $5,000, he is interviewed by a represen tative of the Old Line Bankers Life In surance company of Lincoln, Nebraska who endeavors to interest him in Life Insurance. Hardly does the agent get well start d, when he is Interrupted by Mr. Clark who tells him of his intention to buy a farm. He states that he is about to make a small payment on the purchase price and will, if the agent can offer anything better be an interested., listener. "Well," said the agent, "suppose yoti buy a farm worth $5,000 by paying the email sum of $175.25 annually without Interest, for twenty years, the con tract for same containing a clause spe cifying that, should you die at any time, the party from whom you huy the land will cancel all deferred pay ments, and give your estate a deal title; or if you live to the maturity of the contract, give you not only the deed to the land, but pay you as large a per centage of profit as you could reason ably expect to make from the property. Would you buy a farm onthose terms?" Of course Mr. Clark was interested and since the Company secures each and every contract issued with a de posit of approved securities with thf State of Nebraska, he expressed a will ingness to become a party to such an agreement "Well," continued the agent, "if jov wm pay annually to the Old Line Bank ers Life Insurance Company of Ne braska the sum of $175.25 they will, if you die at any time, pay to whom yor may name the sum of $5,000. If yov live twenty years, they will give you cash settlement consisting of the guar anteed reserve and an estimated sur plus, amounting to $5,43i.Z5. you win readily see that you receive $l,986.2f more than you pay In, which is better than four per cent compound interest Then, too, having the assurance that, should you die, you would leave a com fortable estate." Mr. Clark bought the Insurance, and what Mr. Clark did you ran do. . ' Permit our agent to explain a con tract to you. If you do not own all the land you care to farm, ask for cir cular No. 1 which shows "How Jones Bouhgt and Paid for a $6,000 farm." If you have a mortgaged farm, call for Circular No. 2, which shows "How Samuels Paid a $2,000 Mortgage." or further Information address the OLD LINE BANKERS LIFE INSUR ANCE COMPANi, at Lincoln. Nebraska. Join the Old Guard of Populism. MERCANTILE EXCHANGE The Cinclnnallan I'ropotM ft RytUna of Out ISI1U to Tftk th PU of Govrftuial Cola Replying to an editorial In The In dependent' of October 29 ("Why?" p. 11) The Cincinnatian says: "The questions of The Independent go straight to the point "Slugle-taxcrs do not agree among themselves on tho money question. Many, or most of them, think that freedom of access to tne land would assure ownership of all Us products. Sumo of them are gold standard men, some are Mmetallists, ami some are grcenbackers. "Now, will Tho Independent answer a few questions? IHhh it favor free, coinage of torn, ami wheat, and ijtatoos? "If so will It grant a like prlvlleo to tho toll of the laborer, the klil of th professional mau. tho merchandise of the manufacturer? j "If it favors ft runtime to everybody th same prlvlln'e it stem tit claim for the farmer, thn who U to meas ure thf Hint ami determine prices and the quant tty of oirrruey to be Is sued? Will it b determined by longrrsa? ly tho politician? "Why should not have a volun tary currrmy, a dtie-hlll Issued by each Individual, or farm, or corpora tion, tulnx the money terms dollar and cent to specify the amount!, but redeemable IN TRADE, according to the business of the signer, instead of In gold or silver? For instance, the farmer's due-bill will read: 'Good for one dollar in farm products; the shoe merchant's or shoe manufacturer's due-bill will be good for shoes, The Independent's due-bill will be good for subscription or advertising. "To bring this about we do not have to wait for legislation or consent of politicians, or to get a majority of the people to understand the plan. We have merely to modify, according to circumstances, what is already in practice. "Railroad tickets, street car tick eta, tickets of admission to lecture, or theatre, or entertainment, restaurant meal tickets, postage stamps, etc., are all modifications of the same idea. "An organization in Cincinnati called the Mercantile Exchange, some thing like the Labor Exchanges scat tered throughout the country, is suc cessfully putting the plan in practice, and has been in operation for several years. "Any individual, or any number of men, two or more, engaged in any kind of business farming, manufac turing or any other line can form a central organization for the issue of a currency 'good in trade,' and In dif ferent denominations like money. "To get these in circulation, any re liable individual brings his own due bills, good in his own line of trade, to this central organization, and re ceives the organization's trade checks in exchange. Five or ten per cent, if desired, may be left to the central or ganization for expenses. For instance, the farmer brings $100 of his own due bills, good for farm products, to the central organization, and receives $90 of its trade checks. These $90 he uses exactly as he would money, guaran teeing them by his own indorsement as he pays them out "Now, suppose he takes $5 of these trade checks to the shoe store and buys shoes with them. The shoe mer chant indorses them, and pays his bill at the shoe factory. The shoe fac tory indorses them and pays them out for labor. The shoe factory employes take them to the grocery store for gro ceries. The grocer goes to the whole sale grocer for flour. The wholesale grocer sends them to the flour mill. The miller sends them back to the or ganization that issued them and calls for wheat. This organization now takes up the farmer's due-bills and sends them to, be redeemed in wheat for the flour mill. "mere is no favoritism, nor interest on money, nor stock speculation, in all this round. Each one gets what he wants, and pays for it in what he has to sell. "The scheme is not only practical, but is in operation in Cincinnati now, except that it has not reached' the farmers as yet to any great extent. "Will The Independent favor it, or advice the farmers to join the co-operative circle? If not, why not? "Of course, this mutual credit cur rency will not pay taxes, but that is a small item in a prosperous business." (The Independent certainly has not the slightest objection to the Cincin nati Mercantile Exchange plan, or any other voluntary co-operative scheme of the kind. But the point Js that this "currency good in trade" is powerless to perform two Important offices for man: To pay taxes and judgments. In other words these due-bills are not a legal tender. The . government of , the United States, and all state, county, munic ipal and minor government, nch re quire for their maintenance, not gold and silver, but services and commod ities. Why, then, should a round about method be adopted for secur ing these services and commodities? Suppose, for example, that tho United States government should issue its "due-bills" certifying that the bearer had delivered to it services or com modities equal in value to the amount named in the face of each due-bill; make these du-bills the only thing by which a tax levy or a Judgment could be satisfied; and should pay them out to Its officers and employes in payment of their salaries, and to contractor In payment for the sup. plies they furnish would any man subject to a tax levy or possible Judg.. ment refuse to accept the duo-hill In exchange for his surplus products or service? Would It nutter to him In the least what sort of material the due-bill wrre printed on, no lon Si that material was reasonably dur able and portable? It sf m not, Now, every gold coin UauM by the United Kutc government hi Jutt such a du-bltl-crit that the govern ment received absolutely nothing In service or commodities when It was Uued, but nud present of It to th peron who furnished the material (gold) upoti tokb it was printed. Nevertheless it is made tho only thing which will completely satisfy all taxes and judgments. And before govern ment can secure services and commod ities it needs for its maintenance it must compel its citizens to find the owner of gold coin and at a sacrifice either borrow or buy that indispens able gold due-bill and turn It over to the government; then government In turn pays out the gold due-bill to those who furnish it services and com modities. Why should government give away this valueable due-bill to one who has furnished nothing except the "slock" on which to print it? The answer Is, that abolition of this roundabout plan would practically eliminate usuary and as the usurers own our government, they do not in tend to lose their "graft." No, The Independent does not favor the "free coinage" of anything. If the single tax were adopted, the eco nomic rent should be paid in "due bills" . issued by the government only to those who have furnished it ser vices ' and commodities and not in "due-bills" presented to cer.tain fav orites because they happen to have a peculiar substance on which to print them. So The Cincinnatian thinks taxes are "a small item in a prosperous business?" Well, perhaps; but so Is the "last straw" which ' broke tho camel's back. And if the matter of taxes is so insignificant, wherefore the single tax propaganda? Associate Editor.) A Sec alistic Populist Editor Independent: I feel greatly encouraged with the prospects for a reformation In our government. Our honest laboring people, men and wo men, are getting waked up to see the wrongs of class legislation In the in terest of the money lords, at the ex pense of the laboring people. The peo ple are reading reform literature more than ever before. The Nebraska Independent, advocat ing the people's party, and the Appeal to Reason, advocating the socialist party, are doing a noblew ork in show ing the light of truth to our down trodden laboring people. I am a close reader . of The Independent and the Appeal to Reason, and J. claim to be a socialist and a people's party man, because both parties advocate the principle of a government by the peo ple and for the people.- There Is noth ing to hinder them from agreeing in nominating a reform candidate for president next year. I feel encouraged to know that tho labor organizations are going to unite In opposition to the gold standard money power. This will enable the people to elect a reform president wilh a large majority next year; then we will have the biggest jubilee wc ever had in these United States. The re publican party will bo turned down to stay down; it has been controlling leg islation by the help of the money pow er ever since the abolition war. 1 claim that there is no. difference be tween the gold standard democrats and the gold standard republicans. I will say to all honest laboring men and women to take encouragement and to work by showing up the light of truth to the misguided people that they may see their error. A large ma jority of the laboring people have been voting against their own Interests, be cause they did not understand. J. II. VANUEGHIFT. Branchville, Ala. Johnson's New Incubator M. M. Johnson, the Incubator man of Clay Center, Neb., who has been making and selling incubators for years, has Just finished a flno new factory with all the latest machinery for the construction of his new and improved Incubators, "Old Trusty." It Is Johnson's kind, tho best on tit market. It is sold on 3u days' trial and. as Johnson says, "H'm pot to do the work or It won't stay sold." H has published a hook that has In It a system for keeping crw, poultry and incubation rworda. It's a dandy and fie to nil. Write for on. Address M. M. Johnson, Ittvubutor Man. Clay Center, Neb, Was II a fair Deal? IMitor Indrfwiident: I noticed In your iue c! November U that a gentleman, a popniut, made a rrave charge acalnl the democrat and Im plied that always lit fusion they Uughtrrrd the populist nominee. In lb Mate through (mum have elected a popultst governor three times, deflate! a populht once and a democrat oiu. We elected a (nmilUt and a democrat to the supreme bench and w have defeated two democrat; we have elected and defeated populists and democrats for congress. In Cedar county this year we had seven democrats and three populists on our ticket. I believe that the pop ulists concede that we outvote them about 2 to 1 in the county. As a re sult of fusion we elected two demo crats and two populists by small ma jorities and defeated 5 democrats and 1 populist. Let this populist friend denounce democrats specifically If they have de feated populists, but do not denounce fusion generally just because there are a few traitors In his locality. ., Mr. De Hart advocates adopting pro tection as a principle of populism. Why cannot he be satisfied with mon ey, transportation and land? If he would wish to draw from the demo cratic pnrtv l.e should ndvocale free trade rather than protection. In my acquaintance there are many more absolute free traders than tariff for revenue only mn. The populists have nver vet done anything for exnwltoney; let thm not begin now. T'rtM I ree the outcome of our next national convTtrtn T rmln a demo crat.. E. W. FERGUSON, Jr. Hartington, Neb. "Sure Hatch Catalogu" Our 1904 catalogue Is ready. No poultryman or fancier should be with out this valuable book. Beautifully Illustrated incubators and brooders are described fully Jn every section. It contains sound poultry sense. Send for one; they are free. . Sure Hatch Incubator Co., Clay Center, Neb.; Ind ianapolis; Ind. Takes Hard Licks Editor Independent: Enclosed find $1 for which please credit my sub scription for last year. Send your valuable paper another year and I will try to corner another dollar before the year rolls by. Keep on hitting them hard for it takes hard licks to knock the scales from some of their eyes. L. D. MANN. Herman, Neb. The Lincoln Academy, the prepara tory school for students desiring to enter the state university, is publish ing The Academy News, a publication edited and managed wholly by the students of that growing school. Any one interested in securing preparatory education to enter the state university should write for a copy. Address Prof. T. M. Hodgman, 414 No. 12th street, Lincoln, Neb. Scratched the Ticket Editor! ndependent: Enclosed find $2 to apply on my subscription to The Independent, The populists and dem ocrats are in the majority in this township and with the heip we re ceived from the better thinking repub licans our judges should have run away ahead, but the democratic boys sc ratched badly. As I was clerk of the board of election I know of what I speak. U. T. DUNCAN. Rulo, Neb. ' Write a postal to C. Q. De France, Lincoln, Neb., for prospectus of "The Old Guard of Populism." Persons having business with tho Nebraska Mercantile Mutual Insur ance company remember that they are now in their new office home, No. 1218-22 P street. Average Death Rate Tho twelfth census shows that the average death rate in the United States was 13.67 persons to each 1,000 of population. Nebraska, according to the showing, has with only two excep tions the lowest death rate of any of the states, the rate being only 7.75 to each 1.000 imputation. Tho two states with c lower death rate were North and South Dakota, with 7.11 and 7.US respectively. The death rate In New York state was 17.92, in Mas raehuHctts 17.73 and practically the sam u all of the northeastern fetalea about two and ono-half time what It Is In Nebraska. ThU indicates something of the advantages Nebraska life insurance companies have over the eastern companies. The saviug In the death rate, aloue means a hand some profit to the policyholders In any Nebraska company, Why la It that bo many Nebraska people tmtUt on vending rant fur Ufa Insurance In the face of such a showing? Only prejudice foollh sentimental preju dlt e that everything R'od must come from ll eat. tftop It, Bland tip fof Nebraika and buy your inturanr from Nebraska companies, the be I In the world, Talk with your populUt ntlghhoit about enrolling tu 'Tho Old Uuard of !pulim."