The advocate., 1890-03-26

As D. ilpat AAbLouuGbu ny uous donu ~
Pickler, OF South Dakota, embodies the de-
mand OF the Farmers Alliance and Indus
trial Union. II was referred TO the commit
too on ways and means, and is as follows
sEoToN 1. BE ii enacted by the Senate
and House of Representatives of the United
States In Congress assembled, that there
may be establishedin in each Of tho counties Of
each Of the States Of this United States,
branch Of the Treasury Department. OF the
United States, TO be known and designated
as a sub-treasury, as hereinafter provided,
when one hundred or more citizens Of any
county In any State shall petition the Socre-
tary OF the Treasury requesting the location
OF sub-treasury in such county, and shall,
1. Present written evidence duly authen-
ticated by oath or affirmation of county
clerk and sheriff, showing that the average
gross amount per annum OF cotton, Whn0t,
oats, corn and tobacco produced and sold tn
that county for the last preceding two
years, exceeds the sum of $4,000 atGurrenh
prices in said county at that TINA, and,
2. Present good and suiiloiantI bond for
title TO a suitable and adequate amount Of
land TO be donated TO the, GOvernmeut Of
the United States for tho lDcation Of the
sub-troasury buildings, and,
3. A certificate of aHnctiOm showing that
the site for the locaiian of such sub-treasury
has been chosen bT a popular vote of tho
citizens OF that county, and also D aiming the
manager OF tho s'lb-treasury Gle cted at said
election for the pnrpOse OF tab ing charge OF
said sub-treasury under sacF regulations IA
may be prescribed. II shp i in that case b,
the duty Of tho Secretary Of the Treasury /,
proceed wthOut delay to establish a sub
treasury department. n sucb county AZ here
matter provided.
SEC. 2. That amy owner of cotton, wheat
corn, Dads, or % bacco. may deposit th
Same in the sub trsasprv nearest the poin
OF LIB PHodlR don, and receive thereto
'Eoaa'uuS ma" ys hereinafter provided TO
oQw#" Wv date Of deposit to eighty p'
oVN'uu. on che net value Of such products
inc emar| ,tprice, said price to be determina
by th@ Secretary of the Treasury, und'
rulesSO ndregulations prescribed, based upc
the. 1rico current in the leading costO
Z Or ,cco, or grain markets Of the Unite
Sb ties; but no deposit consisting in whole
in part OF cotton, tobacco, or grain nimpoFtl
10 TO this country shall be received under y
p rovisions of this act
sEo. 3. That the Secretary Of the Treasu
shall cause to be prepared treasury notes
such amounts as may be required for
purpose of the above section, and in su
form and denominations as he may p
/ scribe, provided that no note shall be oi
. denomination less than 81, or more III
n. 81, 900.
ue SEC. 4. That the treasury notes issued
,ll der this act shall be receivable for custoI
% vS and shall be full legal-tendeT for all del
ng both public and private, and Bu,ih nc
when held by any national banking assoc
OF ton shall be counted as part Of ia Law
hs reserve.
AL SRo. 8. II shall be the duty OF che II Ian0
Of a sub-treasury when cotton, grain or
~ bacCO is received by him on deposit a at
st- provided, TO give a warehouse recetPt 81
n ing the amount and grade or quality tH
a. a. cotton, tobacco, or grain, and its va lu
date ofdepoait; the amount Of treasury n
in the sub-tre0sury has advanced ON th0
OK duct; that tho interest on the mon0y 80
1V So vanced is at the rate of per centum PEI
a mum; expressly stating tho amount OF in
ny anCe, Weighing, classing, warehOusing,
n- other charges that will rVr0 against such
posit of cOston, grain, or tobacco. All
4. warehouse receipts shall be negotiable
va Endorsement.