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, published in 1894, is most likely some Temperance literature. It really is generally pretentious "poetry", and "no free lunch" appears within the text only once, but it also says "In just how of free lunches Chicago beats h-ll."
Friedman surely thought that 'there is not any such issue like a free lunch' and he printed a reserve with that title in 1975, but was not, and never claimed for being, the originator of the phrase.
It had been into this context which the financial theorists enter the fray and 'there's no these kinds of issue for a free lunch' is coined. It is not acknowledged who coined the phrase. It surely wasn't the economist Milton Friedman, who was much affiliated with the expression.
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The overall which means is always that all the things is a trade-off; you can't get anything at all for practically nothing; acquiring something for nothing at all is a idiot's (unattainable) dream.