The daily state chronicle. [volume] (Raleigh, N.C.) 188?-1891, 1890-12-04

phalanx, and We will never quit the fight
until we have chained forever the lion
OF the East, the monetary power. aud
influence Of Wall street" Rodgers
squareiy opposes third party move
ment. He thinks the West will nonni.
nate Democrat for President in 1892,
and that he will be overwhelmingly
elected.
There's Woman in 1t.
Mrs. briggs, of Kansas, made the
third party speech of the day. advocating g
the movement straight out. She thought
the Democratic party of Thomas Jeffer-
son, and the Republican party of Abra.
ham Lincoln entitled to all respect: but
that their present degeneracy rendered
1t necessary to supplant them both by a
Peoples party. She voiced the senti-
ment of her section. The west is in the
third party, but the south is not inclin.
ed to follow. The matter will be fully
discussed, and it will then be decided tC
| steer on in the present channels instead
of shifting off into partisan politics.
About the Sub-Treasury.
The st. Louis platform will likely b;
| re-endorsed with important modiica.
tons IN the details of the sub-treasury
bill.
Good Bye Ingalls,.
The Kansas delegates say that ingalls,
Is dead beyond resurrection, and that
Wills, who came so near being govern
Or, will discourse Alliance doctrlue tC
the next senate.
DIR. Macune Talks.
DR.. Macune, when asked what ht
would say If it were his fortune to de
| liver an annual message, replied:
| Il would advise them to study an(
avoid agitation. Study. and let th
action they are preparing for in 1892 bt
the result solely Of education. The,
should study the principles of the sub
treasury bill. It is the greatest prlnci
| pie that has been discovered since tn
time OF Adam Smith. Look what i
has done in nine months"
A Talk With Glover.
Tonight | saw Congressman cleo
Glover, of Kansas, who Is also presiden
OF his State Alliance and vice presiden
Of the National Alliance. When aske
whether the Kansas delegation was SOLE
for third party, be replied:
'4es, | think they are. That is, the
want third party for Kansas. The
| have to do it that way cut there. If yo
can manage without a third party i
other states, it is all right with then
but on financial matters We must be tt
| gether. There is no doubt that the p a
form will be thoroughly discussed 9
this meeting. The western delegates
whose constituents are heavily buI
dened with land mortgages, seek relief
the land loan idea We want t
to broaden the basis of currency" sal
Mr.. Glover. The issuance of certii
Gates makes no permanent addition
the currency. 1t is an alternate eXpal
, sion and contraction. We want som
{ thing like the issuance Of money {
homesteads. We do not mean to gi'
an opportunity for holders of land
| raise money, but design this as a relic
for actual settlers. To this end the go
} eminent should issue money on hom
{ steads at sufficient interest, say p
) cent, the same as national banks pay.
81 should not oppose it, and | W
not lead the fight for it. 1t is not in al
! sense antagonistic to the subtreasu
bill, and it is not IN any sense subs
7 tute for it. The sub-treasury bill
: enough to chew on for the next ty
Q years. 1t is worthy Of study. A gre
e many have endorsed, without unde
l standing it, and have made weak arg
: ments in favor of it that have done t
y sub treasury bill more harm than ar
f thing else. You can't expect to prese
q bill that Congress won't change.
b | to the loan of money on homesteads,
guns have not been turned on that
]" upon the sub-treasury bill. Poor brin
e sJrong arguments against it, and sa.
e ''Banks lending on real estate have
Is ways failed, but l am inclined to thi
we can arrange to lend money on hon
6 steads safely"
l. The Sub.Treasury Modified.
l. It is said that modified form Of
n sub-treasury bill is in type, and Hall,
!" Missouri, is reported to be its auth
y He is a gentleman whose name has be
mentioned in connection with futl
a. gubernrtorial honors in Missouri.
m President Page of the Virginia st
N Alliance. favors this idea also. His p
u pile, he says, were not unanimous on
al the features of the sub-treasury bill,
,e stood by it when it came, and of the
at | Louis convention with the seal of
Ie order upon it. He thinks this is
in place to discuss this and perfect
measure, and says it is crude. but
done more good than any measure
sented to the American people.