Nevada County picayune., 1890-05-28
MILLS ID THE FARMERS. A Letter to a Texas Alliance--Why Democrats Cannot Support
 the Sub-Treasury
 Scheme.

McSSrS. J. \. Barber and John M.
 Randolph:
 GENTLEMES-I have received your letter of the l2th of April, enclosing the following resolution adopted by the Farmers Alliance, of Milan County, Texas, on the Sth day of April, 1890:
 "Whereas, the Milan County Farmers Alliance did unanimously indorse H. k. bill No. 7162, and Senate bill No. 2S06, now pending in Congress; and whereas, we are very desirous that one of said bills be enacted into law at the earliest day possible therefore, he it resolved by the Milan County Farmers Al llancc, in session on the Sth day of l April, 1890, that J. N. Barber and J. NJ. Randolph be, and are here by appointed as a committee of conference, and are hereby in- structed to lay before our repre- sentative, Hon. k. c. Mills, certi- fled copy of these proceedings by mail, and request him, at the very earliest day possible, to inform said committee whether he will support either one of said bills; and, if so, which one; and that said committee at once make known to the Farmers Alliance of Milan County, in any manner they may see proper, such reply as they may receive from Hon. R, c. Mills, and that the same be asked of Hon, ]. II. Reagan and Hon. Richard Coke.
 The prussurc of public business upon me has prevented an earlier re- ply to your request. l hope, how ever, that my answer will reach you in time to enable the Alliances to take such action as in their judgment they may deem proper in reference to the subject. The measure which you desire me to support affects the interest of all the people of the United I States, and as q public ser want feel it my duty to make my answer to the entire body of my con stituency through the public press.
 The two bills mentioned are sub stantially the same. They differ only in unimportant details. They both 1 provide for the erection of Govern mcnt warehouse in every county, in every State and Territory which, during the last two proceeding years produced and sold cotton, corn, wheat, oats and tobacco in excess of | 300, ,00O dollars in value; that the Secretary of the Treasury shall establish a sub-treasury department in each of said counties; that man agcr shall hc elected to take charge of said sub-treasury; that the own CTS of corn, wheat, oats, cotton and tobacco may deposit the same in said government warehouses nearest the point of production and receive l United States notes for so per cent. of the net value of said products, said value to be determined by the manager under regulations pre- scribed by the Secretary of the Treasury, based on the prices cur rent in the leading cotton, tobacco and grain markets of the United States; that the Secretary Of the Treasury shall have prepared and | issued Treasury notes in such amounts as may be required for the purposes of the act; that the notes shall be full legal tender for all debts public and private and be counted as part of the lawful reserves of nation al banking associations that the manager shall receive the products provided for and give the deposltor receipt for the same, stating the amount and value of the products deposited, the amount of money ad- vanced, the interest and insurance and other charges to be paid. The receipts are made negotiable by en- dorsemcnt and the holder is per mitted to redeem the products de- posted by paying back the money advanced with per cent per annum interest and other charges. In case they are not redeemed within l2 months they are to be sold at pubic auction and the proceeds of the sale to be applied to the payment Of the money advanced with interest ano charges. If there should be an eN' cess after such payment the same Is to be paid to the holder of the re
 ceipt. The sum of $50, ,0OOi is appro
 priatcd to carry out the provisions 0
 the bill. 1 cannot in the scope of ; letter recount all the results tha would follow the passage of either O said bills, It will be sufficient tC