, 1874-12-25
SrN1E S0VEnEiGNTY...THE FINANCE QvES
1l0M..h. FARhlERS' SUGGESTION.

NeA4AAS9AlbAE1 Lin 0G1t ZA.-lH1 nuqHkiDn OF
tho finances, without doubt, ia tho QUO w1licl,
nov most interests tho poop!o but thero Ia
another question looming up, Which is roally
tfa1Eht with moro Importance mud moro t1angor
tl!an any possible plaHo Of tho finance question.
ait,1dn to tho D,iy half-smnttlorca 1oteTmlna-
ton or tho Democracy to rnlBo tho doctrine Of
State Sovereignty. sinco thofr partial suocossos,
1T Ia ovdont TINT tho old purity which lrsea to 10.
atroy tho nation OF Lilo strength OF this dogma,
is going to force i.as living Issue agei. bcforo
Tho pooplo. The TRIBUNE was among tho first
Journals OF widely-extcnt1ed influence which
discovered this pr1rposo Of tho Democracy, md
tLo frat notes Of a1arm which It sounded aro
rnbaing alofig TIM whole limo of loyni
journalism IN tho country. This Is
we'll. Lot eyery Republican paper in
tho country nccl Ntis issuo promptly, Stato
Sovereignty Ia yct tho rocl;-bcl Of Democratic
fhitl. DR.. Garnctt, tho most brilliant 3oaler of
tho Democracy In America, has sounded tho old
doctrine In manner to bring tho milton to It's
fcct. IIo proc|aims that 6tato sovorcigntY ID
tlo doctrine, and that tho States may nocolo ut
But. walying tilis question, The ono which now
immediately interests the people most iB that OF
tue tlta'lcos. This question now claims tho at-
tentson OF every class Of our people. Tako tho
farmers aa a roproHcn'a aiyo c1ass: They are now
discussing this subject nj t!.oir socIsl meetiuga
and at thelr ilrcsislos; ana 1t ID surprising tic
IN 4nonnt Of knowledge many Of thon' poaaess.
among them as to the details Of any plan Of
pooio.reatn,rtion, they nye ali dcsix-
Ing that thia Cougtess Blall not adjourn
without adopting sonle reasonable plan to rou-
dor the currency stable, They confidently, OK
man, Logan, Schufz, DnwcB, Morton, DlulDet
Farwcll, and others, will not lot tho golden ol,-
portnnity stp through tleir hands, and pass Into
tho handa Of tho Democracy OF the noxt Co1l-
which, will do this before 1s50 will bc iuyinsiblo
ut tho great contest of that year. ~
Nearly every Intelligent farmer, nH we'll "a tho
merchant and bR}tor, has HDnno thoorY for tho
ao!us!on Of Tho flnanco question. And somo Of
tl,o farmers dosiro Me 10 outline their policy iu
expand 1t Into its dcta.s. and giyo Ills views aa
to liz practical working. This wo 1lope bo will
do, aa many Of tho views Of tho farmers aro less
mild than some Of those ha1loon-ideas Of Con-
. Iha " policy Of these fartner.thoo1ista
aeeo,s to contemplate Keeping our $685.
100000 Of ,greonbacks in circulation, mud
yet, gradually appreclatlng them to tic
gold standard. Thoy. say, for tho Govorn-
for Congress to pass law to l'ay por cent ii
god interest on each dollar. but tiot rctloom any
OF tho notes Tor two years hfter tile interest,"
bearing goeH into OBJECT, neither to pay any Of
this aceumnlatoa interest for two years.
Now, say Congress- should pass some such
measure as this: that eacn greonbac's
dollar should begin to draw gold interest
after Feb, !, 1875, ut tho rate OF . por cent por
annuns, payable il, two years, and that to sccra-
tary shonld bo empowered to nlako a loan Of
gold against 1871 sufficient to rcdeom nil tho
groonbacks, with tl.cr conts eact, accumulated
interest; then these farmers hold that tho plnn
would work this way: In tho ordinary transac-
l{ons Of business, saY after soms months, whon
or ner cent lind accrued in interest. 81 greo1,-
bnck would TO worth ita face, wliatoYer thGt
might be, ,-that s, 100 cents in paper money.
NTH tho !, ~, aud 2 per cont added. On iiret
tlemouts difficult; but it is claimed that tho pco-
pn would soon acquire tho motl,od Of adding III
tho accumulated interest i'll tl,oir tlpalingH After
one ycRr, q grecnback dollar would be d paper
dollar still in value whatever tint might DO,
md ccnts In gold added to 1t. Some
OF thcBo farmers claim that 1,or cent interest
iB too much they say per cent interest,"
with tho pledge Of tho Goyernmont to redeem
tho noto md interest in gold in two years, would
bo enough. These partfos hold tlat this plan
would Aavo tho Government tho expense of nak-
ing any now form Of paper or bonds just nov;
aud that, instead OF contracting tho volume OF
money, it would actually expand 1t to the oxtont
Of tho interest allowed; that It's own people
would haro tho benefit Of this intorcHt; aud
that inside OF Il ycar and b lla]f, our grcenbachs
would DO as good rs gold. The plan Aas it's very
aoriouB objections, but it il bettor and moro
honest than KelcyFH 3.G5 bonds. This plan con-
greenback, nhall not only count it at in paper.
just as nov, but shall also hayo Lis accumulated
interest added Tho pian possesses At least this
feature: it III Original and novel, j. i,