St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-03-11
common to man, and who can never be
dealt with except upon conditions which
blight hope and suppress manhood.
WAREHOUSE CERTIFICATES

WAREHOUSE CERTIFICATES.
Secretary WINDOWS silver policy has
borne legitimate fruit in bill intro
duced by Senator VANCE, which pro-
vides that the government shall build
warehouses for the storage of farm
products, and which shall be made The
basis of warehouse certificates that shall
be part of the currency OF the country.
Mr.. WINDOWS plan is to demonetize
silver, but to buy the ore in the bulk,
and on this to issue certificates accord
ing to the market value of the silver
ore. Senator VANCE sees the WIND ON
plan and goes it one better. He is not
content to let the mine owners enjoy all
the benefits of the WINDOW plan, but
proposes to extend its advantages to
the farmers. Mr.. WARDELL, the pres
ident of the South Dakota alliance,
who had been down to Washington
studying the VANCE bill, came back
enamOred with it, and tried to induce
the Minnesota alliance to give it an in
dorSement. But it SO happened at the
time that the Minnesota farmers were
engaged in the more serious problem OF
what to do with DoNNELLY, and, not
being in the mood to listen to wildcat
shinDlaster schemes, they summary
dismissed the whole subject. The farm
erS in some of the other states, now
ever, are taking more serious view OF
it. In fact, they are pleased With the
VANCE scheme, and are booming 1t
straight along. They profess to see in
it the only redemption for the agri-
cultural classes from bankruptcy.
They Furthermore insist that If any
product is TO be made the basis OF a
circulating medium there is nothing SO
suitable for the purpose as the product
of the SOIL In their opinion the sweat
that drops from the brow OF honest toll
comes nearer having real money value
than anything else, and that it the gov
eminent is going into the business OF
issuing shinplaster certificates the farm
ers have prior right to all other indus
trial classes to fix the basis of this
new currency. So strongly has this idea
seized upon the Georgia farmers and
planters that the alliance in that state
has already declared its purpose to
make the VANCE bill an issue in the
next state election, and the politicians
are all torn up over it.
The VANCE bill in detail provides
for the establishment of govern
ment warehouses in every county
in any of the states where considera-
BILE number of citizens petition for them.
provided the county produces an aver
age gross amountof cotton, wheat, corn.
oats and tobacco valued at 100000 a
year. This storehouse is to be under
the control of the treasury department,
and large enough to hold the farm prod
ucts raised in county. The farmers
are privileged to store their farm prod
ucts free, and upon delivery OF the
stuff to receive 81 per cent Of its market
price in treasury notes, upon which
they are to pay per cent interest until
the whole crop is disposed of and an ac.
counting rendered.
The scheme is visionary one. So is
the WINDOW silver plan. Yet the
VANCE scheme has more of an element
of popularity, because it will benefit
| more than will be benefited by the
| WINDOW plan, and will reach class
who stand more in need Of It's benefits.
| Either scheme will be an approach to
natlonalism such as this country has
never heretofore dreamed of. Yet we
| expect to see this warehouse certificate
plan become perpleXing question IN
the politics of the FIGURE.