The advocate., 1890-01-30


tude Of counsel there is wisdom and while
tho different plans Of relief are being pro-
posed do not know but would just as well
have my say now as at any future time. /
do thiswith all due Difference TO the plans
and opinions Of Others Objections have
been offered 10 the warehouse plan propros-
ed by the National Supreme Council at st.
ouis for the reason that some Of tho most
depressed industries cannot be brought un-
der tho workings Of that plan, and for the
further reason that IL 30 initiates and con-
tracts the currency to such a great degree,
that the money power can get vast amount
Of II in les possession during tho period Of in-
hation that when the crops are sold and the
money called in il will take
absolutely all the money except
what is in the hands Of sharpers to
lift the warehouse receipts and leave the
country absolutely helpless and at the mercy
Of tho sharks for a time at least;
and further objection is raised that, in
case of n crop failure or storm, or some dis
aster when the farmers need little money
and have no crop to store, they would be in
hard luck.
The objection to the Kansas Farmer plan
is that If no one could get money until he
was in danger OF losing his home, all the
mortgaged farmers would place themselves
in the way Of danger and that the plan to
that extent would do premium on 'ornery-
ness.n
can only give the outline Of the plan and
would refer the reader to tho Kansas Far
NOR, National Economist, and all reform
newspapers, for argument as to why some
plan should be adopted for relief, as to the
plans proposed therein.
Tho plans as proposedi in Economist and
Kansas Farmer are certainly worthy of the
most careful study and offer my plan, not
as opposing, but as auxillery to those of
wise men. also wish to refer you TO the
mortgage records both personal and real of
all tho agricultural states as an argument in
favor of some plan for relief.
Tho plan is not new, but it is this to make
gold, silver "free coinage and the actual
occupied homesteads (either city or country
the basis for the circulating medium Of the
country Limit land ownership in value as
we'll as number Of acres, that is tho value
and amount that shall be held as homestead.
Let each oCcupier Of homestead take out
Of the public treasury certain per cent Of
the value of his homestead, and let his
home be held for the payment Of interest, at
low rate, the principal never to be paid
except at the option of the homesteader.
Exempt from taxation all homes to the ex-
tent of tho government loan al least, except
tax sufficient to pay interest, on same,
levy taxes on excessive holdings, non-resi-
dents lands, and all lands held by corpora
tions or syndicates, foreign or domestic, in
ascending Ratio, according to value of hold
ings in each county, that is, let those having
the highest valuation in the county pay the
highest rate per cent Of taxation.
This is with a view TO encourage sales Of
such lands TO actual homesteaders, who shall
have all the privileges of obtaining money
ON the land as above mentioned. This
would give to every one the chance to OBJ
tain home. Let each State become re-
sponsible to the General government Or
whole people, for the payment Of interest on
the amount Of currency the people Of the
states use. Let each county (where every
mans homestead ia ON record at the county
sent become responsible to the whole poo-
pie of the state for the interest on the cur
rency the people Of the county use. There
need be no machinery or red tape about it
The entire business of the plan could be
done by the same officers that are now in
each county and state. All there would be