The Monmouth inquirer., 1890-12-11
PRESIDENT POLK TALKS.
The Alliance VIII Annihilate
Unfriendly Parties.
WHAT THE FARMERS ARE AFTER.

= ~~1~~AN
THE Sub-Treasury Scheme Is q Popular
One-DeaIing In Futures Disapprovcd
I. Of--A Third Parsy Inevitable Unless
OtIser Parties Do as the Farmers Desire.
the St. Louis platform the Farmers ALI
ance convention formulated the demands
through which they expect to see those
privileges brought into practice. Among
the most Important features of the de-
mands awe the abolition OF national banks,
the adoption of the sub-tgeasury scheme,
the prevention of dealing in futures on agri-
cultural and mechanical productions and
tariff reform The people who have been
trying to xsanipulate the convention fer
modification of the demands to suit the
Democratic party made hard and shrewd
fight, but early yesterday it became patent.
that the delegates had awakened to the fact
that there was something in the wind and
that they were defeated. The alliance now
stands free fson party entangiements Of
any Kind and is practically united.
A Third Party Inevitabae.
President Polk does not believe either
of the old parties has attempted to shape
the policy of the alliance. He said today:
"If the. Democrats in the Fifty-second con-
gress do not manifest willingness to
grant our demands third party is in
evitable and the southern Democratic alli-
ance men will bein- They are determined
to gain the ends they are striving for and
they will smash amy party which. opposes
them"
no. Sign Of Weakening.
Speakfng:o of the discussion today de said:
1--WE reiterated every one of our demands
and there were only three votes against
the financial plan. The question was dis
cussed in every possible bearing for four
hours and there was mo sign of weakening
in the ranks.
"Yes, it is true that the sub-treasury plan
does not contain the 80 per cent. clause,
but it retains the vital principles of loans
on farm products. 1t is true, too, that the
demand for the government of railroads is
made conditional instead of peremptory,
but that was by no means the result of
Democratic Influences
The Blaine stosy Unimportant.
II don't see much significance in the
Blaine story What if Rittenhouse did
call upon him? Hadn't he a right to if
he wanted to. and does it necessary signify
corrupt purposes on his part that he did
so? consider that have perfect right
to go to Blaine's house or to Harrison's
house to see any public man please"
Private Secretary Rittenhouse acknewl-
edges that he called at Blaines house.
He says he was, asked to call by Col. Rich
ard Hinton, who asked him if he would
not like to be.introdueed to Blaine. The
interview, however, he says, never took
place, and he has never spoken to MIR.
Blaine.
The Sub-Treasury Scheme Discussed
The sub-treasury scheme was discussed
at length by the convention. lIr. Eouks,
of South Dakota, moved to make the sub
treasury scheme apply to all merchantable
products instead of those relating to tina
farmer alone. Mr.. Perdue, of Texas, sug-
gested that louks' amendment proteetad
the manufacturing interests, which were
amply able. to protect themselves.
Mr.. Hail. of Missouri. made STRONG
speech against the whole scheme Of amend
ment. His principal objection to the sub
treasury scheme was that it was class legis-
lation of the most Objectionable type. Con-
gressman-elect Jerry Sampson, of Kansas,
strongly favored the measure. Kansas
raised last year, he said, a big corn crop.
which was sold at less than fourteen cents
bushel Chicago grain gamblers raised
the price there to forty-five cents. If the
government had protected the farmers as
it had other classes the farmers could have
had the forty-five cents. 1t would have
made difference of $60,000,000. Half OF
this could have gone to pay mortgages and
the other to permit the United States farm
ers to live like human beings.
M - NJ 4 \ L l. L L II
treasury scheme was class legislation or
for the farmers alone. 1t was simply q
plan to change the method of issuing cur
rency.
A Flexible Currency Wanted.
Mr.. Livingston, of Georgia, the "daddy"
of the scheme, as he says, objected very
strongly to the proposition to loan money
on land The great desideratum was TO
have flexible currency which would be
governed by the law of supply and demand.
Based on land the currency would remain
fixed because land stays. Based on com
modities it would be plenty only when
needed, because pig iron and corn come
and go. Then as soon as you make land
the basis of currency the money loaners
will simply buy land, control the currency
and leave us as badly of as ever.
Mr.. Cafskadon, of West Virginia, said
the government had no right to take his
property from one man not in fault and
try to make up the wants of others. If
you reduce the value of the currency of the
country you will reduce the values of all
property to the same level
An attempt to reconsider the action on
the force" bill came up, but the motion
was tabled
The decision to hold the next meeting in
Washington was reconsidered, and the ex-
ecutive board instructed to select some
place in Indiana or Illinois, The conven-
tion decided to send delegates to the
Knights OF Labor conference to be called
in February.
A Barbed Wire Trust.
CHICAGO, Dec. "A largely attended
maafinu of renresa ntatfves of the harhed