The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-04-19

Who Has a Plan for Making Every
body Rich.

Who Has Plan for Making Every
body Rich.
DECATUR Co., GA, April 1s.--EditOr
MOrRissg Ne0s: / notice in your paper of
April II an article written by "Allisnce-
ma ~ indorsing the sub-trelsury plan Of
lending money on produce. Congressman
Oates Of Alabama is out in letter saying
that the su0-treasuTy plan proposed by the
farmers alliance is not practicable, as it is
unconstitutional for the government to loan
money, but not to borrow. The constitu-
ton should be amended at once, and make
it unconstitutional for the government to
borrow money when il is now constitutional
for the government to coin money on either
gold, silver or paper material. Congress
man Oates has not seen fit to raise his voice
against the unconstitutional conduct of the
government in borrowing $1,000 from
the citizen and paying per cent interest
quarterly in gold for same, and then suffer
the same citizen to place bis 800, 900 bond
bearing per cent interest with the United
States treasurer and obtaining a loan from
the government on that bond of 800, 600 at
per cent. interest. This certainly looks to
the alliancemen of the country that the
government is lending to the moneyed class
of It's citizens, and Mr.. Oates has no voice
TO raise against it; bat the farmers alliance
men want loan and il is unconstitutional
to grant it. We notice that this favored
citizen receives interest on his entire $780,
600 bond at per cent. 81 600, and pays on
$4,000 loan at l per cent. 5000, leaving a
total of SO. 100. Citizen makes out of gov
ernment 81 per cent. per annum on his
100000 investment. Besides, should he
wish to sell the bond to the government
he gets a premium of % per cent. Now,
with all this robbery before Mr. Oates
ewes, he sees nothing unconstitutional In it.
But If the farmers alliauceman wants a
few hundred dollars on the products of his
hard toll in the burning sun 1t is unconsti-
tutional for che government TO let him have
IT. l am ready to agree with Mr.. Oates
that it is not wisdom for the government TO
loan money on produce to initiate the cur
rency at one season OF the year and when
the produce is sold to the manufacturer
cancel the produce government currency
ana thus bring about stringent money
market, and thus bring ruin to the manu-
featuring interests of the country. But
there is a better and more substantial and
enduring plan on which to bring about in
flation of the currency, and it is grounds on
which all interests can stand end indorse and
be benefited thereby, which is as follows:
have Congress at once enact a law that
there shall be issued $50 per capita of treas
ury notes, and then there shall be an un-
limited coinage of gold and silver until
unere are S0S OF those metals per capita in
circulation in the government. Total
money in government Sl04 per capita Is
timating there are Is, 900, 900 people in the
government, we would have a medium of
exchange in the government of IS, 100. 900. =
coo. Now, to get this immense but much
needed sum of money into active circula-
ton, where it will make every person in
government as busy as bee in the spring
of the year, let the land owner take his
land TO government and obtain a
loan at per cent. interest of 81
per acre TO TIE amount only of 81 900 or
less TO as small sum as $50 to the land
owner on ten years time, with the privilege
OF paying it back to government in a
shorter time if desired by the individual,
and when returned to government to be
loaned again to land owners who might need
it. This plan would be admirable because
it would make land owning desirable, and
would bring about most prosperous era in
farming and home building in our county.
and would lend spirit and push in railroad
buildings, and to the entire manufacturing
interests all over the country.
MERCHANT