The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1890-03-14

S* III rkopo1ttions Of Senators Vance OF
IN CnsolinA, and Stanford Of California,
W lcenor Tor the government 70 make adj
~ "a eotlon, wheat, corn and other
loulfnrsl products. warshousing them
81 I6Duine certificates against them 70 be
oouiated % money; and OF the latter for
~ government 70 loan money IT nominal
1DccEeet On farm mortgages. arc the lsfest
<vrlttoe II : new departure Of ultra-pa-
"a 1nl stntesmA nahip.
y theee propositions are not intended ~
& oques on coxnase legislation and
omo: 4 they are seriously propoundsd,
~ cpon up . wide vista for speculation
~ r. - complexities In which few de-
- VII Involve the government The
1nco No., Il carried ont. would certainly
- up n immense field for the employ
M u labor, a. the buildine OF ware
caroo aiome would be scheme beside
&&teh ~ rssring Of tho pyramids would
01adlo Into insigniAcancc. And To attend
no Woeohouasu and store or deliver the
4 &ucGn. together with thu clerical force
& opososfy 70 keep the accounts straight,
- ~ banking department to keep track
q f6oaxo and redemption Of the certificate
SDoney would require force OF employees
1ony times greater than u required IN the
tire civii service Of the government
And the same TO an even greater extsnt
\ o1 ~ ~ complications may be said al the
ofD-6nostgags scheme Of the California
natoF. The searching Of records ard
Dnkine IL abstracts. the record OF loans
& NJ mortgages, and Of their satisfaction,
would afford light and profitable employ
mont 70 : grand army Of young men who
gctel aGainst manual labor or too severe
montal strain. But Senator Stanford. who
n = sttcktef for the fourteenth amendment
( - The extent OF claiming that corporations
xnftiiicsal persons) are protected by its pro-
VISIONS against any discrimination between
them and other persons. will find IL hard
y reconcile his ideas on that point with q
pgoposition 10 discriminate between classes
& q persons aud kinds Of property 10 whom
md upon which the government shall be-
como "A indulgent lender Of money. And
ne same applies 10 the Vance idea.
II money Ii 10 hs advanced on farm
prod ucts. Why not on the products OF the
1bfest, ths stream. the mine. ctc7 II
uron cotton, wheat and the like, why not
mpon coal. lumber. iron and hops1 III
leans are TO be made 10 farmers, why not
- miners. merchants. fishermen. lumber
men snd Tho self-sacrifieing publishers OF
kewspapes "dcvotsd 70 the development
q the resources,s etc II upon farm
mortgages. why not upon colissersis.
PIANOS, watches, old clothes, ETC.
There Ii one feature OF Senator STAN
lords plan which Is particularly meritori-
Cus. II Il that which bases the loans on
assessed value. This would lead TO liberal
assessments. Beyond doubt the increase
x taxable property would be absolutely
stunning. Aud this would come 10 very
ulnAeFial reduction in the tax rate for state,
euunty and municipal purposes. aud al
Thai would be necessary 90 maintain tie
Ytss and the general lollity of the situation
Wonld b 10 borrow moro money from the
npneral government. make another rise in
& assessment valuation. another cut in local
AZ rates. and 50 on ~ ssassans.
In = country favored by such conditions
q would be but short time until poverty
would be the greatest and only crime.
And Jet IN arprecistive public does no,
ssem 1t Ill clamorcn. fer the enactment al
e11ner II those ideas into iawi A free hela
lof honest industry seems more popular
ehnn Good Eamaritsnism-