The advocate., 1890-05-21
THE snR TRRAenRY PLAN.

aAAANh AtHNWhAAMfH fAN k NANNh NAfAN ANttA
ers Of your valuable paper have expressed them
selves In favor Of the sub-Teasury plan, and as
all seem 20 look az the same side Of the measure
Il may be we'll 10 take look at the other side,
In the hrst place this bin calls for a gross
amount OF S5CO,OOO per annum Of such articles rs
may be deposited In the sub.treasury for the last
preceding two years.
Now, how many counties are there In this state
that have not produced the above amount In the
last two years owing 10 the drouth, chlnch bugs,
ETC., and consequently would not be entitled 20
sub-TGasury at ALL II would be depriying those
In most need OF assistance entirely should be
In favor Of benentng those who have not been
blessed with good crops hrst, and not debarlng
them.
In the second place, II would be imposing an
army Of OhiceTs on the people II the plan was
carried out as proposed, the salaries OF the same
would amount 10 an enormous sum. In my
opinion we have entirely too many such well
paid Oflicers already without swelling the ranks
Of the same.
III the third place. some OF the advocates OF
this measure claim that II would bring money In
direct circulation to the farmers. Let us see.
Suppose farmer has notes and interest on mort
ghge t0 pay, and II win take all his crop when
deposited In the subtreasury at the 30 per cent
PLAN tO raise sufficient money 10 pay said notes
and mortgage and there Dire great many farm
ers In Just such positions.
Now, how is this farmer going 30 redeem his
crop sectlOn OF Bill, when he had 10 deposit all
no had possibly 10 spare TO enable him TO raise
money enough 10 meet his pressing demands2
He must raise another crop 10 redeem the hrst
one, with net insurance. Weighing, chasing,
warehOusng, and other charges attached, or Is
he going TO sell his stock 10 redeem his crop?
and admitting that no Is able TO redeem the same
as provided In section 0 Of the bill, win not the
lawful money so returned Tor redemption Of hls
crop be destToped9 VIII this increase the Clrcu-
atlOn Of currency when the farmers receive
treasury notes on their crops rs security and
they must either forfeit their crops so deposited
or when redeemed, the money is destroyed2
The bill further provides that all such crops rs
cannot be redeemed In twelve months CAS- great
portion OF them cannot be) viii be sold at public
auction TO the best and highest bidder. Now,
who is this bidder2 Is IL the farmer who has his
crop depOslted2 or Is II the industrial cass2 or
is II the speCulatOr?
Space being valuable, / will submit these qucs-
tons for the consideration Of brothers better In
formed. Fratenally yours,
Secretary Oak Grove Alliance, No. 1873.
NOrtonvie, Kan.
OBJECTIONS TO THE sUB-TREAsURY BILL.
The sub-treasury bill has received
such well-nigh universal approval
from the farmers and laborers all over
the country, that it simply serves to
break the monotony of the record
when now and then a stray, solitary
alliance dissent is heard. AT a not
far distant day these alliance dissent
ers will not be so lonely, they will be
swallowed up in a crowd, but alas,
the company which will encompass
them round about will not be a famil-
lar or friendly one Now that the
warehouse plan is fairly before the
country as an impending legislative
measure, it is receiving that hostile
criticism which its founders well knew
il would receive from the banking in
terest, from the loan and trust interest,
the grain gamblers, and from all the
politicians in congress and out, who
are in the service Of the money power.
1t does not take long for an alliance
man TO learn thatan attitude towards
this or any other measure which
causes him to part company with his
n,,rr, r,nn,nln nnd r,lnnnn him In linz