The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1890-04-09
country. In 1879 there were 3,OOO,-

The towns and cities OF Georg1f
have grown at the expense OF the
country. In ten years the property
in towns and cities has increased
S6O,OOO,OOO, while in rural districts II
has decreased S50,000,C0G.
The monetary system Of this coun
try is the child of the wal between
the States, enacted when the United
States were trembling in the face OF
an advancing and injured foe. The
government wasthreatenedby by theCon
fedate forces, with the '.rebel yell
distinctly heard from the capitol o5
the notion.
At the instance Of NIr. Lincoln
after his indignant visit to Wall street
for money, the government began the
issue Of Greenbacks, (July 1861, and
! Feb. 1892, :the peoples money,
non-interest bearing. To cmcumvent
this currency, that left gold (the
money of kings and autocrats) IN the
hands of those that had boarded it fol-
the purpose of forcing from the peo-
pie and the government, their own
rates Of interest and prices for the
necessities of war. The money kings
of that day, qs63,) induced Congress
to enact the national banking system.
Under this system they were after
wards enabled to force Congress to
an Act, qS66,) the contraction law.
''The strength crediting Act. ''The
refunding Act" 'The demonetiza-
ton of silver and theresumption Act"
all of which were in their interest and
against the people Thus the gov
eminent, as a war measure, when they
could not call their souls their own,
were thrown into the hands of their
relentless and avaricious, money
kings, and there both government and
people remain to-day.
THE EVILS OF ':coNTRAcTIoN."
In 1856 the Congress passed the
famous contraction Act. It was not
rigidly enforced, however, until 1868.
In 1866 the total circulation was
Sl,673,379,753, amounting to $50 per
capita. In ten years the circulation
fell to 1856, ,549,O97, and the money IN
circulation was reduced to S5.45 per
capita.
In eleven years there was lost by
''contractoin" of the currency total
Of S1O,149,6s7,415, shared by the
people as follows:
Lost by business men, S1,3O4, 75l,-
III.
Lost by farmers, S3,o44,936,267.
Lost by laboring classes, S4,8Oo,'
100000.
HOW IT HURT THE FARMER.
In 1868, a certain farmer in Geor-
gia came to town with a 500 pound
bale Of cotton he and his wife had
raised. He sold it for 80 cents a
pound, getting $3.50 for the bale. He
paid his taxes $40; bought cooking
Stove, S35; suit Of clothes, SIS; a
dress for his wife S.; barrel OF
-four for S12; 100 pounds of meat for
SIS; and had $50 in clear cash left.
In 1877, nine years later, the same
farmer carried 500 pound bale to
the same market and sold it for
S42.34. He paid his taxes, $40, and
had 1924 left. This so demoralized
him that he got dead drunk and dead
broke. The price fer his cotton had
contracted, but taxes and other things
hadn't. Laughter.
The National Alliance at st. Louis
adopted the sub-treasrry plan as the
financial remedy for the 'Pondora
box" and the evils that flow from it:
that so burdens the producing and
laboring classes of this country. We
fling this system before the world,
to take it, examine it, adopt it, OF give
US something better, this we will
force you to do, one or the other.
Ridicule will not do, there is too
much involved; our people are too
much in earnest to be intimidated by
this child's play method of meeting
facts.
ENCOURAGING TRUSTS.
This plan has been nridculed by the
Columbus paper, which calls it ''AIr.
Livingston's plan," and says it is not
based on good business sense. 1t is
not my plan. That paper does me
too much honor. I was one OF the
committee of five that formulated the
plan at St. Louis at the meeting OF
the National Alliance. / want to say
that so honorable imam as Zeb Vance
has introduced this plan in bill be-
fore Congress.
Our plan is this:
We do not ask change in the gov
eminent plan. It is not a revolution
We merely want the plan enlarged.
They allow me to deposit bonds as
evidence Of indebtedness, and draw
80 per cent. of their face value, and
bank on these bonds. The govern,
ment pays the holder interest on
these bonds, and taxes the people tc
get money to pay this interest. And
the government, besides taxing the
people, discriminates against them
by not allowing the banks to loar
| money on real estate, while it allows
the merchant to get money on his
merchandise.
| Whiskey men can put green whlskey
| in bonded warehouses, valued at one
dollar per gallon. The moment il
is considered worth So a gallon, be
cause it is worth more as it ages, anc
they get 50 on their whiskey.
WHY NOT THE FARMER?
Why not give the farmers the bene
fit of bonding their cotton and othe1
produce? Why should he not have
the same favor as is shown the whis
key man and the banker?
The sub-treasury plan would re
quire the building up of warehouse
in every county. This would cos
S5O,OOO,OOO. Some will say that bi!
sum Will kill the plan. II it wa