Evening star. [volume] (Washington, D.C.) 1854-1972, 1890-08-02

system OF the general government so that its
provisions cannot be utilized by a class, which
thereby becomes privileged. and is in conse-
quence contrary to the genius Of our govern
ment. and which is today the principal cause
of the depressed condition of agriculture.
Regardless Of all this the political parties
utterly ignore these great evils and refuse to
remove their cause, and the opportunities Of
the privileged class have, no doubt, often led
the executive and legislative branches of the
government to believe that the masses were
passive and reconcied to the existe nee of this
system whereby privileged class can by
means OF the power of money to Cypress, exact
from labor all that it produces except a bare
substance. Since, then. it is the most necessary
OF all reforms and receives no attention from any
of the prominent political parties, it is highly
appropriate and important that our efforts be
concentrated to secure the needed reform in
this direction, provided all can agree upon
such measures. Such action will in no wise
connect this movement to any partisan effort
as it can be applied to the party to which each
member belongs
In seeking true and practical remedy for
the evils that now flow from the Imperfections
In our financial system let US first consider
what is the greatest evil, and on what it de-
pends The greatest evil, the one that out
strips all others far that 1t is instantly recog-
nized as the chief, and known with certainty to
be more oppressive to the productive interests
of the country than any other influence 10 that
which delegates to a certain class the power to
nix the price OF all kinds Of produce and OF all
commodities This power is not delegated d.
rectly, but IT is delegated indirectly by allow
Ing such class to issue q large per cent of the
money used as the circulating medium Of the
country, and having the balance OF such circu-
iating medium, which is issued by the govern
ment, a fixed quantity that is not augme nted
to correspond with the necessities of the times
In consequence Of this the money issued by
the privileged class, which they are at liberty
to withdraw at pleasure, can be, and is 80
manipulated as to control the volume Of circu-
| lating medium in the country sufficiently to
produce ductuation in general prices at their
| pleasure.
OBJECTS OF THE BILL
The object Of the bill is thus outlined: That
the system Of using certain banks as United
| States repositories be abolished, and in place
of said system establish in every county in each
of the states that offers for sale during one year
I s5O0000 worth Of farm products, including
| wheat, corn, oats, barley, rye, rice, tobacco,
cotton, wool and sugar, all together, Q sub
| treasury office, which shall have in connection
with it such ware houses or elevators a. are
necessary for carefully storing and preserving
| such agricultural products a. are offered il for
| storage, and il should be the duty of such sub
treasury department to receive such agricul-
| tursl products rs are offered for storage and
make careful examination Of such products
and class same as to quality and give y certif-
cate Of the deposit, showing the amount and
| quality, and that United States legal tender
paper money equal to 80 per cent OF the local
current value Of the products deposited has
J been advanced on same on interest ct the