The great West. [volume] (St. Paul, Minn.) 1889-18??, 1890-03-28
Iowa Tribune:
The Sub Treasury Plan.

iowa Tribune:
The Sub Treasury Plan.
The sub-treasury plan for the
financial relief of the country, pro-
posed by the Knights of Labor and
the various Farmers organizations
that met in St. Louis last December,
is now attracting universal atten-
ton, and the South Dakota Legisla-
ture has called upon Congress to
build warehouses in the various
counties of the U. S. and
receive the nonperishable products
of the farmers, such as cotton, wheat,
rice, corn, ETC., and advance upon
them 80 per cent of their market
value, SO as to relieve producers and
help them escape the open jaws of
the pools, combines and banks, that
steal their substance like the locusts
of Egypt. There is one thing that
farmers are rapidly deciding, namely
that the Q. s. government must
treat the producers OF our food and
clothing, and OF all things that rem
der life desirable, with as much con-
sideration as it now bestows upon
national bankers and whiskey distil-
lers.
We have a thousand times exposed
the favoritism OF the government
shown TO bankers, and we have re-
Gently shown in what a remarkable
manner distillers are favored. A few
hours perusal of the Internal Revenue
laws which may be found in the Re-
vised Statutes of the U. S., Will con-
vince any reader of this partiality.
The law absolutely requires that dis
titled spirits must be turned into the
government bonded warehouse with
in three days of their manufacture
Upon their receipt by the govern
ment stOre-keeper a warehouse re-
ceipt is handed to the distiller, and
he is allowed to leave his spirits in
the hands Of the U. S. for three years
without paying any tax, and is finan-
cially taxed only on so much as has
escaped evaporation during the long
process of "ripening."
As soon as the distiller gets his
warehouse receipt he can sell it for
the full value of the spirits, or if he
prefers can deposit it in bank and
borrow almost it's value upon it.
The national bank and whisky in
terests are so allied in this country
that they fight together in Congress.
The U. S. takes the bankers bonds
and stores them twenty years, giving
back 80 per cent Of their face in crisp
money on which only one per cent
per annum is charged, and also pays
the bank the interest as it accruee
upon the bonds.
The u. S. takes the distilled spirits
from the manufacturers and holds it
three years for trifing charges, Civ
ing the distiller a receipt which en-
ables him to realize the cash value of
his goods in three days after their
manufacture, or hold the same upon
speculation as he may desire, without
paying tax upon it. Twins!
In order to show our readers exact
~ the nature of the receipt given by
the U. s. for spirits, we called upon,
q bank in town where we found &
number of these certificates upon de-
post, which had been purchased out
right for the value of the whisky de-
scribed. By the courtesy of the own
er we were allowed to make an exact
copy of one and give it to our read
ers. OF course we cannot show up
the pretty pictures on it but give
the words as follows:
U. 8. BONDED WAREHOUSE RECEIPT FOR
| WHISKY.
DEATsv1LLE, KY, March 81, 1889.
No. 100.
Received in Distillery Bonded Ware
house, No. 145, 5th District of Ken
lucky, for account, and subject to
the order of j. H. Mankiller, and de
liverable only on return of this re-
ceipt properly endorsed, and on pay
ment of the Government, State and
County taxes and storage on same
from the first day of April, 1889, at
the rate of SC. per barrel per month.
five barrels pure hand made sour
mash whisky.
Serial No. Wine gals. Proof. Gall
1928. Ask. 46. Al.
Note-The other four barrels are
described in like manner.-Ed.
Average outs on the within lot of
whisky guaranteed not to exceed the
Carlisle allowance.
U. s. Storekeeper, T. W. SAMuELs.
The grip of the corporations and
combines tightens. They have seen
| enough afronUth dovolorod bv A.