The Durham recorder. [volume] (Durham, N.C.) 1879-19??, 1890-06-11
TO THE FARMERS.
MILLS TO THE FARMERS.

Sub-Treasury Scheme.
WASHINGTON, d. c., May IL, 80. |
hissms. j. NJ Barber and John N.
Randolph:
GEsrLENES; I have received Jour
letter Of the 18th of April, enclosing
the following resolution adopted by
the Farmers Alliance, Of Milan
county, Texas, on the 9Th day Of
April, 1890:
"WHERFAs, The Milan County
Farmers Alliance did unanimously
indorse ii. R bill No. 1852, and SEN
ste bill No. 2S06, now pending in
Congress and whereas, We are very
DESTROYS that one Of said bills be enact
cd into Law at the earliest day possible;
therefore, be il resolved BY the
Milan County Farmers Alliance
in session on the 9th day Of April,
1890, that J. n. Barber and j. NJ.
Randolph be, and they are hereby,
appointed as q committee Of confer.
snce, and are hereby instructed to
lay before our Representative, Hon.
RIO Mills, a certified copy OF these
proceedings by mail, and request him,
st the very earliest day possible, to
inform said committee whether he
will support either one of said bills |;
and, If %, which one: and said COM
mittee &C once make known 10 the
Farmers Alliance of Milan county,
in any manner they may see proper,
such reply 90 they may receive from
Hon. q. O. Mills, and that The same
be asked Of Hon. ]. II. Reagan ana
Hon. Richare Coke"
The pressure Of public business
upon me has prevented an earlier re-
ply 70 your request. Ihope, however,
that my answer viii reach you il
time 70 enable the Allisncs 10 take
ssch action - in their Judgment they
may deem proper in reference to the
subject. The measure which you de.
sire me TO support Affects the lnterest'
Of oil the people OF the United States
and % 0 public servant / feel it MI
dsty 10 make my answer to the en-.
tirs body Of my constituency through
che public press. fl ,-..
Toe two balls mentioned are sub
stsntially the same. They difei
snB in unirnportant details. The.
both provide for the erection Of
goSernmet warehouse in every county
N every State and Territory which
during the last two preceding years
produced and sold cotton, corn, wheat
oats and tobacco In excess Of fv
hundred thoushsd dollars in value
that the Secretary VI the Treasur.
shall establish q sub-treasury depart
ment IN each Of said counties; that
manager shall be elected 70 tax
charge Of said sub treasury that tn
ownersof corn, wheat, DATA, cotton an,
tobacco may deposit the same IN Sal,
government warehouses nearest Oh
point Of production and receiv
United States Treasury notes for y
per cent. Of the net value Of said prc
ducts, said value 10 be determined b
the manager under regulations pre-
scribsd By the Secretary of the Treas
ury based on The prices current 1
the leading cotton, tobacco and graf
markets Of the United States; ths
the Secretary Of the Treasury sha
hare prepared and issued Tressur
notes In such amounts "a mar be re
quired fer the purposes Of the acI
mat the notes shall be full legal ten
der for ~ debts, public and priYat'
and be counted % part Of the lawfs
reserves Of national banking associl
tions; that the manager shall rsseis
the products provided for and Civ
the depositor q receipt for the san
stating the amount and value Of Ii
products deposited, the amount I
money advanced, the interest aud Il
sursnce and other charges 70 be pal
The receipts are made negotiable 3
Endorsement and the holder ID permi
Ted 70 redeem the products deposits
By paying back the money advances
with 4 per cent. per anuam intere
and cher charges. In case they a
not redeemed within IL months thI
are 70 be sold Of public auction 81
The proceeds Of sale are 10 be apple
" The payment Of the money .
"ysnoed With interest and charg'
Ifthsre. shsuld be an ezcess aft
sach payment the same % 70 be 20
"a he holder Of the receipt. II
sum Of $4,000 10 appropriated
carr out the provisions Of The bi
Icsnnot In the scope Of q letter .
count eli the results that would e
low The passage Of either ofsaid bill
twill be sufficient 10 notice . few
thsm. The friends Of the measu
tel us that IL will only be necessI
40 build some 800 houses 10 sio
tk.ss ofodueis. that there are on