The Newberry herald and news. (Newberry, S.C.) 1884-1903, 1890-11-27

it to the people al per cent. per an
mum. The Government Will lot lave
to borrow any money. Vii she Will
have t. do is to order an issue Of Trea-
surv notes to neet the demand of pro-
Guction and declare them full legal
tender in payment Of all debts both
public and private. For this she Will
get per cent. per annun for all notes
advanced. Instead of an expense 1t
will be a source of revenue 10 the Co
vernnent. 1t has been objected to the
bill that the manager Of the suJ-Ireas-
ury, and under it. is elected by tn" peo-
pie when the constitution requires the
president to appoint. How does The
president make his appointment : are
they not made on the recommendation
of members of Congress or of personal
friends? Would it not be better for the
manager to be recommended by the
votes of the people of the locality whom
he is to serve and pass up through the
members of Congress TO the president
and he, then make the appointment?
If the people get 4 bad officer they will
have no one to blame but themselves
and Congressman and the president
will be relieved Of a great responsibility,
and it will be in keeping with a Gov
ernment of the people, by the people,
and for the people. Instead of its
being al objection, it appears to
be a good thing. l will now proceed
to make clear my last proposition;
that the enactment Of the sub-treas-
ury bill will be wise thing to do.
Money is oil upon the spindles Of
civilization and progress. There can lie
no advancement without it. This fact,
the history ofmaGkind as they travelled
down the ages, clearly demonstrates.
AS gentle and softly falling April
shower gives life and vigor to all vege-
tation, so i sufficient supply Of money
for the transaction o business infuses
energy into the people and vitaliZes
every enterprise. The enactment of
the sub-Treasury bill into law will
evolve new principle in economic
science. 1t will give the country
flexible currency, which is badly needed
possessing the power Of expansion and
contraction 10 meet the demands Of
production and trade. The volume Of
notes can never exceed the urgent de-
mand for them as they will be cancelled
within the year in which they are
issued. One business year will be so
blended into another it will be impos-
sible to distinguish them except by the
date of the notes. Under this system
there can be no forced contraction of
the currency by combination Of men
to the detriment Of business. The peo-
pie will be as happy as "morning
around the mountain spread" is beau
tiful. Mankind will be under last
ing debt Of gratitude to the chosen
leaders of the Alliance for involving
this new principle in economic science
which is movement forward TO the
next station on the highway of pro-
gress. We have now demonstrated by
the legislation of the Government and
the decisions of the Supreme Court of
the United States and the practice of
the Cove vtrnment that every principle
in the sub-Treasury bill is constitution
nal and the enactment into law of the
bill will be wise thing to do. What
now will those Congressman do, who
hearing some ignoramus, no doubt
soaked with whiskey, say the sub
Treasury bill is unconstitutional and
caught it up and repeated it, saying ''it
is unconstitutional, and that is all
want to know" What will they do?
Will they straighten up and suffering
their backbone vote for the bill; hoping
to appease an outraged people and hold
their places, or will they crawl into
their holes and sulk. The people are
not petitioners. They ask no favols.
They demand their rights and they
intend to have them or know the rea-
son why. Let them reuse themselves
and rally upon hilltop and i'll valley
throughout the land, and move in solid
columns with :: firm and steady tread,
without a wayer in the lines, under
their chosen leaders, and the day is
near 1T hand when their rights will be
asserted and prosperity bless the land.
Respectfully,
ELLISON 5. kEIrT.
Enoree Plantation, 5. G., October,
%, 1889.