davidaulloa/AmericanStories huggingface dataset:
The independent. [volume] (Lincoln, Neb.) 1902-1907, 1904-11-24
What Is Standard Money?

particular it is standard No differ
ence how much prices may change in
the market. no difference how much a
given amount of money will buy today
or how little tomorrow; no difference
how many or how few are the debts to
be paid, or how small the amount Of
standard money available to pay them,
one dollar Of standard money" and
one dollar of debt remain economic
equivalents. A standard dollar will
pay debt dOllar--no more. no less.
1t is fixed and unvarying standard
by which. and according to which,
every debt must be paid when the
creditor demands.
1t ought not to be necessary to dis
cuss these simple elements of financial
economics, but when. after the dis
cussion that has covered so many
years, one of the leaders in the dis
cussion says. at this time, that his
party "can not surrender it's demands
for the use of gold and silver as the
standard money of the country" we
are left, by the form of expression, in
doubt about what he means-about
what he believes to be STANDARD
money" Does he believe that it must
necessarily be metallic money? Does
he mean by the definite article "the"
that there can not be. or that there
ought not to be any other than me-
tallic standard of payment? Does he
desire to be understood that. in his
opinion, the only financial question is
whether that metallic standard shall
be mono-metallic or bi-metallic?
1t is worth while, at this particular
time, to inquire whether we are to
have from this source a denial that
legal tender government paper is
standard money. If we are, then what
will be claimed to be the relation
which such paper sustains to our finan-
cial system? 1t must be concluded
either that Mr.. Bryan has not as clear
ideas of the subject as we had sup
posed, or that he is making prepara-
ton to claim that government paper is
not standard money; that standard
money is something different from
standard of payment In either case,
a return to the discussion of some fun
The independent. [volume] (Lincoln, Neb.) 1902-1907, 1904-11-24

Editor independent: 1t was one of
the misfortunes of 1896 that but one
side Of the financial question was con-
sidered. In that campaign practically
the only effort made by the democratic
leaders was to show the danger there
was In departing from the double me-
tallic standard OF payment that has
been regarded as one of the cardinal
principles of party policy from the be-
ginning of its organization. and Of gov
ernmental action from the beginning
of the nation. The subject was dis
cussed as if bi-metallism was all there
was Of the qeustion. It was appar-
emily hardly conceived that there was
or could be any standard money" ex-
cept metallic coins. or that it could
be made out of anything except silver
and gold. If any attempt was made
to discuss the quantitative theory of
money, it was generally to the volume
possible to be obtained by the pro-
duction of these metals that it was
applied.
III Tie luluuS VI a ldl sc Poit VI eAC
teachers, as well as OF the taught,
nothing could be money unless it was
made redeemable in these metallic
coins. The word standard-gold stand
ard, silver standard, double standard,
standard money-was heard every
where, but few seemed to have, or at
least to express. any clear idea about
what STANDARD money was stand
ard Of. When any explanation was at
tempted, it was generally called a
standard of almost anything and ev-
erything except standard OF pay
ment'-the only thing of which it
could be a fixed and certain standard.
An incorrect idea of value caused many
to accept the statement that standard
money was STANDARD of value.
Those who used this worse than mean
ingless phrase. even to the extent OF
trying to give it meaning by law.
appeared not at all to comprehend that
the only possible way in which 1T could
be said to have a fixed value was. that
1t would always pay the same amount
on a debt. In this particular there
was never any change in. it. In this
The independent. [volume] (Lincoln, Neb.) 1902-1907, 1904-11-24

braska farmer shall ship his peaches
or let them rot under the trees. They
say whether the Nebraska farmer shall
burn his corn for fuel, or send i. to
market. They say whether an indus
try shall live or whether it shall lie.
They say whether man shall succeed
in business. They say whether a city
shall grow and prosper. or whether it
shall be killed for the benefit of an
other city. They permit party bosses
and political manipulators to ride free
and without charge upon their trains
and make the poor widow with her
children pay more because of the free
transportation to the party bosses.
They are permitted to build road at
the cost of five million dollars and then
capitalize it. at ten million dollars and
put the five million dollars into their
pockets and compel producers AMI
shippers to pay returns upon ten mil
lion dollars, and not upon five million
dollars, the actual cost. They are per-
mitted to charge few of the most
powerful shippers one price and charge
the masses and smaller shippers an
other price. They are permitted to act
as the business agents CT the trusts.
while they refuse to accord to the or
binary shipper the same rates and he
same facilities. They are permitted to
give rebates to one business firm and
refuse rebates to another. They are
PRINTED to build UP trusts and mo-
nopolies and impoverish thereby the
many. They are permitted to Cypress
the honest man in business and serve
the INSCRIPTIONS and dishonest. The
farmer in Nebraska received on an
average 30 cents per bushel for his
corn in 1902. while in Kansas he re-
ceived "a cents; in Nebraska the far
mer received on an average of 40
cents for his spring wheat, while in
Kansas he received IS cents; in Ne
braska the farmer on an average re-
ceived 40 cents for his winter wheat,
while in Kansas he received IS cents;
the Nebraska farmer received on an
average Is cents for his oats, while the
Kansas farmer received 80 cents: the
Nebraska farmer received on an aver
age SO cents for his rye. while the Kan
sas farmer received 45 cents, and all
this on account of exorbitant freight
rates in Nebraska.
When such condition exists 1t
means that the railroads are not only
despoiling the people of the fruits OF
their honest toll. but it means that
the railroads have shackled their mas
tiers and have made them their slaves.
This is not an over-colored picture. It
is the truth as every man knows.
The independent. [volume] (Lincoln, Neb.) 1902-1907, 1904-11-24

points. Through Pullman sleepers and
excellent dining car service, individual
club meals, ranging in price from IS
cents to 81. Icing served In. Nickel
Plate dining cars; also service a Ia
carte. No excess fare emerged on any
train. Chicago depot, Van Buren, and
La Sale SITS. City ticket Offices. iii
Adams st. and Auditorium Annex. All
John Y. Callahan, General Agent. ia
information given upon application e
Adams St. Room 298.
The independent. [volume] (Lincoln, Neb.) 1902-1907, 1904-11-24

In the discussion of the pass Ques-
finn and the question Of railroads gen.
orally we must keep in mind that rail-
roads are chartered and created to
serve the people. The people are the
master and the railroads should be the
servant Railroads should serve the
public for the mutual advantage OF
the stockholders and shippers. Rail-
roads should be operated sc as to pro-
mote industry by insuring to all ship
pers equality of service and like rates.
Railroads should give to all men COM
mon and equal opportunities in the
distribution of the products OF their
labor. Railroads should treat the Ne
braska farmer and shipper the same as
they treat the Iowa and Kansas farm
er and shipper Railroads should treat
one man in business the same as they
treat another man in business. Rail-
roads should grant one city the same
rates and facilities that they grant
other cities. Railroads should at least
treat the man with a small business as
well as they treat the man with larg-
er business. Railroads should at least
treat the poor man as we'll as they
treat the rich man. Railroads by their
rates should discourage and not en-
courage and foster trusts and COM
bines. In short, railroads should be
servants of the people and all people
should be given the same treatment.
But what are the facts? Instead Of
the people being the master and the
railroads the servant the relation is
just reversed. Railroads are our real
master and the people are made to
serve them. Walter Wellman in re-
cent article in q magazine called Sue
cess says, that railroads in at least
one-third of the states of the union
are absolutely in control and are run
ming the state government without my
real interference from the people.
Railroads elect the officials or enough
of them to control the state govern
ment. Railroads charge just such
freight rates as they want to. They
charge just such passenger rates as
they want to. They pay just such taxes
as they want to. They give free trans
portation to those that they want to.
They make the people be--r just such
part of the burdens of taxation as they
think the people ought to bear. They
make governors, United States sena-
tors and members Of the legislature,
and they unmake governors. United
States sens tors and members of the
legislature. They say whether the Ne
The independent. [volume] (Lincoln, Neb.) 1902-1907, 1904-11-24
Christmas Holiday Excursion
Rates

via the Nickel Plate road, December "a,
Is, 26 and 81, 1904, and January / and
2, 1905, good returning January 4, 1905,
at fare and third for the round trip,
between Chicago and Buffalo. Three
through express trains daily to Fort
Wayne, Findlay, Cleveland, Erie. Buff
falo, New York, Boston and all eastern
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1904-01-17
ARE BUSY /: D AT
lRlCG YARD. !
Several Vessels Under Construec-.
,Stion and Over -Four Hun
dred Men Employed.
WORK FOR A HALF IA YEAR ''.|:,'.'
Enough on Hand to Keep the
Present Force at Least Six
aMonths-Good Pay Roll.

The shipbuildnG yards OF the defunct
William, r, Trigg Company are now a
scene OF activity almost equal to that
witnessed when tho yards were IN oper-s
alton. AS II matter OF fact, three Or four
vessels are under construction, anu more
+ than four hundred men are employed
there. and! will be employed In ship con-
struction for from four to eight months
These men embrace mechanics In every
department Of tho plant. Tho majority
Of them arc mon who formerly worked
IN tho rrigg yard before tho bankruptcy
which shut down tho plant, and arc are
local mon. Tho remainder were secured
from various shipbuilding plants where
there wero Idle mechanics experienced.
In such work.
Mr.. ". H. Woody. Jr., one OF tho
original employees Of the Trigg Com
pany, and u Richmond man ofsfine COM
petcncy and character, is superintendent
Of the plant now operated. and has
charge of the work being done there on
the Standard on Company's tank steamer,
the Pennsylvania Railways two tugs and
tho revenue cutter Mohawk. all of which
were left uncompletcd at the time tho
pIant was closed BY rocclvcrship ana
bankruptcy proceedings.
When the Trlgg plant closed the steam
shin Captain Lucas. being built by the
yards as a tank steamer for the STANDARD
SOl Company, and then slXty-fiVe per
cent. completed. was purchased py inc
STANDARD oil Company. together with
tho unused material on hand destined for
that ship, for the sum Of $4,000 The
occan-eong tugs Bristol and Chester, be.
ing built by tho yards for the Pennsyl-
y,nla Railway Company, and each about
seventy per cont. completed. were pur-
chased BY tho railway for about $3s,UpO,
along with tho material ordered there-
for.
These companies decided to complete
tho vessels where they ara on the ways,
and employed Mr. Woody as superln-
tendent of tho work Since work was
RECOMMENDED on them, all the mechanics
who could be secured were put at work,
and now there are over four hundred
employed In all departments, and tho
number will be increased II possible. 1t
viii require four or five months to COM
plete tho tank steamer Lucas alone, and
probably seven or eight months to finish
Tho tugs Bristol and Chester
Work Is also being carried OH on the
limited States revenue cutter Mohawk,
which was contracted for by the Smith,
Courtney Company, OF this city Mi,
Woody is experimenting the completion
OF this vessel also. That Is expected 90
30 completed very soon. being In an adj
yanced stage when the plant shut down.
1t is estimated In round numbers that
about 5000 per week IN wages to me
chanics and laborers Is being paid out at
the yards nov. That is about $50 600 per
year or half that amount for the time
\ uaps w!lI bs required to finish the woEk'
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1904-01-17
EMP PEROR
OF EMS Diet !
Reads Speech From Throne il il IL; a
Voice Which Gould be Heard
All Over the Hall. M
CEREMONIAL is INTRODUCED
Emperor Preceded by Heralds
Bearing Banners With Hohen-
zollern and Prussian Arms.
lRy Associated Press.l

BERLIN. Jan. 1.-THE newly elected
Prussian diet was opened to-day by En-
peror William, as King OF Prussia. who
read the speech from the throne In a
fill, resonant voice, which was heard
clearly throughout the spacious white
hall OF the castle.
Tho Emepor introduced a ceremonial
not previously used by him or By his pre-
deccssors at the opening of tho diet. He
entered the hall preceded by two tall
leralds, wearing tabards checkered with
the royal arms and quartering in white,
black and blue and red and gold. Ono OF
the lcralds bore a. banner on which werc
emblazoncd the Hohenzollern arms, and
the other carried a banner showing the
arms OF Prussia. a long train Of princes
followed, including the Crown Prince
Frederick William. Prince Henry OF
Prussia and Prince Albrecht Of Prussia
and Chancellor Won Buelow.
Tho speech, which entirely concerned
domestic affairs, said the King thanked
providence for his speedy restoration to
health and expressed gratitude for the
warm sympathy shown him BY the peo-
pie.
Continuing, the Emperor referred to tho
Improvement IN the economic situation In
Prussia, to the augmentation OF tho rev
cnues, whereby tho financial year Of 1903
will show n surplus. and added that tho
estimates Of revenue and expenditure for
1901 would balance,
The proposed legislation includes tho
completion Of the Bcrlin-Stetin water
way, the conversion of u portion of the
Oder into ns,canal and tho improvement
Of the Oder and Vlstula waterways
The Emperor, at the conclusion of the
reading of the speech, placed his helmet
on his head and waited n moment for the
customary thrce cheers fof the King.
which 1t is tho privilege of Herr Schaff-
ncr, tho oldest mcmber OF tho diet. to
propose,
Herr schuffner however forgot TO do
SO, and after all awkward pause, tho
Empcror walked toward the door, fol-
lowed by the princes and ministers.
some one tlcreupon prompted Herr
schaffner and proposed three cheers,
which were heartily given.
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1904-01-17
.RADIUIM in
QUANTITY.
Much ofIt Believed to %Exist&Bc--i
meath tllciNVaters Of the.
Springs at Bath.
TRACE CURES TO RADluM adj
physicians Are Thus Explaining
tic Healing Qualities Of the
Famous Spa Water.
tspccIal to The Times-Dlspatch>

(spcclal to The Times-Dispatch9
LONDON Jan. 16.--Wll England IN the
near future develop the new radium In
dustry It is possible is hidden away deep
down under the city, How deep ane the
mines OF untoi1 wealth Is question
many people would like answered, Fol
loving reports that London has quan-
titles OF radium buried beneath property
which js too valuable to removte for pur-
poses OF experiment, the ancient city
OF Bath has come to the front this week
with the discovery that her ancient hot
baths contain rndium which has gone
down tho tllroats Of invalid drinkers or
hean dlsported amongst by hathers who
must number millions
EXCITEMENT OVER DISCOVERY.
That tho excitement has been great
over tho discovery Is shown by the col
unlns which have been published ~ the
napers and letters discussing tho. discoy-
cry. ii came this way: r, ], Strut, son
OF Lord Rnyicigll, was analyzng me
waters OF Bath. and found as lba s.utea
in a letter which he sent 70 the munlclpai
council or tho city. that the waters coh-
tanned radinm in appreclable quantities,
though It was rather disconccrtins that
he did not think the waters held enough
to nay for extraction, though experiments
promised Interesting developments any
way, as hcllm has been proved 70 nave
l,.en slowly evolved from Eradium,
1t Is stated that helium. which is one OF
tho deposits Of tho Bath waters owes
It's origin to rndium buried somewhere
under Bath It Is the opinion 1t must
exist there in plenty. but how.to get at It
is tho question
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1904-01-17
BRIDE And HEROINE
SAVED1WOPERSONS
And Then Escaped With Tier
Own Hair and Shawl Badly
Singed.
Special to The rlmcs.pispatch)

NEw YORK, Jan, l6.-While u fire
VAS raging in an East END Avenue flat
house yesterday morning. Mrs Alta
Blnkcman, n bride of three weeks, ran
from her room with Rhoda Asche. seven
years old. a relative of her husband On
tho way down she stumbled over an
old woman lying unconscious from smoke
ana terror, between the first and second
floors. Deposlting tho child on the side
walk, MIS-. Blakeman went back and car
ried the woman to safety. and then again
rushed into the building. in the hope OF
saving some of her wedding presents,
Before she gained her door she VAS driven
back By the flames. and reached tho street
with her hair slnged and her shaw
bulntaG
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1904-01-17
PERFORATED PIPES
FOR THEATRE FIRES 5
Oscar lIammcrstcin Thinks lie
Has Solved the Stage Fire
Problcn.
(spocial to Tho Times Dispatch,

NEW YORK, Jan, 16,-By device
which will drop flood of water on tho
stuge fifteen seconds after fire is dis
covered, Oscar Iammersten says hc has
solved the problem OF. the danger of fire
In play-houses, lie has submitted his
plan 10 Fire Commissioner Hayes. who
has approved Of II and is prepared to
mako tests.
Tho plan consists only.of n series Of
,perforatcd pipes running over every foot
OF the stage. Above tho stage OF every
theatre, there is rigging loft from
which ali scenery is suspended; II takes
IL tho Whole width and depth Of tho
stnpo, Under tho present conditions this
sH rigging loft Is often made Of wooden
slafs, rhe new Invention vent, y calls g. u,1 for pipes pipes
nro connected With an adequate tank
ar water and With valves by which one
,p.up Gun INSTANTLY deluGs the STAGE. v.
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1904-01-17
The Old City by Far More In. In.
tcrcsting Place Than i. the
New Ono.
COMPLETE TRAN sF0RMATloNN. N
Thorough Change Needed Be
fore Panama City Can be Made
Desirable Place to Live i'll.
BY MERRILL A. TEAGuE. .
4 tSpeclul CorrcspondenCe or The Times

Especial Correspondence OF The Ilmes-
Dispatcll)
y PANAMA, r.. p, Dec. ot-This place.
more than any other city in America,
is inseparnbly linked in history withgthe
carly days OF white mems presence on
tho Western hemisphere. Standing upon
tho highest point of tile Pasco, tho bat
terry promenade ut the barracks ono
may, with tho aid of field glasses. OBJ
tain n. good view OF tho ruins OF the
cathedral tower at "uld" Panama. four
miles away MS tho crow flies; siXsas one
must journey to reach It's base. rho
wly to- "old'' Panama is seldom trav-
eled-one needs n negro with n machete
for companion, for. three miles OF that
way is through tho tjunglcEnnd tho path
must rbc clearcd-but foolish Is tho Vls-
5itors to tho isthmus who does not tril-
verse 1t. for therc was tho scat Or
Spain's S first glory In tho Western world,
tho center from which radlated her
forces In exploring thu west coast OF
tho Americas, tho gateway through
which flowed tho commerce. which once
rayo her power and riches, and tho city
rpon which she founded her empire Of
tho West.
What manner of place 'od" Panama
was in It's hnlycon days no nun now
knows exactly, II must, however, nave
been u goodly clty-timc, location and
circumstances all considcrcd-for It's
frnntiu,Ied On Seventh Pagc)
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1904-01-17
WANTS MEN Of GOOD FIGURE
TO LEAD in DRESS REFORM
Especial 10 The Tlmes-pispatrh1

Especial to The Times Dispatch.)
LONDON, Jan. 18-The Tailor and Cut
ter, which believes mems clothes ought to
be more picturesque than now, Is looking
or twelve good looking men Of good figure
OF the best circles In society who will
lead Il dress reform, II twelve such man
we're to appear in pnle blue or ma,ve
dress coats there might be some hope for
the introduction of more picturesque mas
4culine costumes. or course, only men
with good figures could wear such
clothes for portly shapes are best hidden
in black. a few society men have bought
coorcd eyanng c'othes thls winter but
they are modest choosing coats of plum
color Or dark blue cloth, This season
has seen one change In the right direc-
Stlon--l,amelS: tho wearing of waistcoatg
N rici. YelYet Il VI h. 5
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1904-01-17
.PENNYPA PACKER MAY
A ABANDON AMBITION.
Senator Quay Required Him 70
Drop His Supreme Court
Scheme and It's Dropped.
lsnecial 10 The Wines. .pIspatch,,

Ia (SDeClul 10 - us 1lAlGST@|'SPNNS''F
HARRISBURG. PA, ian, 16,-lt Is 3re-
ported that Senator Quay and Governor
pennypuvker have come to an under-
stnndnp whereby Pennypacker agrees
to abandon his plan to force himself
into tho supreme Court at the expiration
OF half his term as Governor
t,umv, it is said, regards 1t as unwisc
10 carry out the project AGAINST tho
emphatic protests OF present Repuhl,oan
members Of tho court, ana .ls Mas. 10y.
oinor is disposed to listen 10 tho advice
of such personal friends as John G,
Johnson, Richard G. pals samnel pn'eaanSI,, plGh-
lawyers, who have urged him TO apan-
dor the ldea,
Among tho possibilities y event Of
tion arel Lyman D, Gilbert. of Dau-
sphin, Quay's first choice; United States
District Attorney JAMES p. Holland Of
Montgomery and Judge Wheaton, Of
si,uzernc, the only nyoN'ed candidate now
III the field, KS ~ 8i55 \ 4 II 55 i8$
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1904-01-17
Defeated iii That Race, Bit Made
Congressman and Four
Times a Senator.
HIS MEM0RABL BLE FIGHT
AGAINST GEN'L MAH0NE.
N'l,c Interesting Event Soont 70
Occur Recalls tic Most NJ ct1--#
orablc Period i'll the Politi-
cal History Of Virginia,
X Some Of the Leaders
Of That Day.

The General Assembly of Virginia WILL vi
on TUESDAY, January 2sth, re-elect Lion.
John w. Daniel for another term Of SIX
years as United states senator. Thlls
vii be his third reelection. 1t Is already
4 forcgonc conclusion, hc having pcefl
renomInated without opposition under the
terms OF the party plan Of primary. The
occasion viii be an interesting one, never
tlielcss.
Senator Daniel has been prominent III
public life since his first service ~ . tne
state senate In the early seventies. .Fi IN
1877, when the state Convention met ~
this city to name q candidate fors COVER,
nor. Major Daniel who had then heIu
no higher public office than tilat ot
state senator, was Il candidate LOT tae
nomination for Governor, so was TN late
General William Malone. 1t was mem
orable convention. Many OF the men no "
prominent in the Republican party were
then Democrats and participated IN tliat
stormy even ytumultuoustc convention. ID G
question OF the settlement or repudiat,o
or tho State debt was just becoming IL
burning issue III the convention were
many prominent men, now. Republicans.
and who left the Democratic party be-
cause of the bitterness OF feeling angen-
,lered .hy. he division OF the, party on The
debt allestio ! t . was "a fters thai con-
5yention that the term /" Read JUS ter was
coined TO denomInate those men who ;fa-
yored REIMBURSEMENT OF the debt wb lilo
their opponents came to be known iis
q a. T.
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1904-01-17

Continued on Seventh Pagco