The Marietta journal. [volume] (Marietta, Ga.) 1866-1909, 1890-07-03


clerks, and other employees engag-
ed in operating the railroads then
in existence. The number is much
greater now-more than twice as
large as that of the civil officers
and employees of the Govern
ment, and more than six times
greater than the Army of the United
States.
1t seems TO me that the statement
of these facts is sufficient presen-
tation of my objection to this de-
mand. 1t will not enlarge by IN
serting the figures relative to the
cost Of telegraph and steamboat
lines and other "means of transport
tation and communication" and
the number of officials and employ
ees necessary to operate them.
Think of the immense power of a
Federal Administration under such
a system, to domineer over ana
| destroy the States and the rights Of
the people and to perpetuate it's
control by political use of these
means with their immense patron
age. Is II necessary to extend this
argument before a people who have
been eye-witnesses to the manage
ment OF the Western and Atlantic
Railroad of Georgia. When it was
in politics il was expensive to the
people and corrupting in elections.
Taken out OF politics, 1t became a
source of revenue and profit. The
corporations owning and operating
this class of property should not be
allowed to do so to the injury of any
portion Of the people under whose
laws they hold their franchises, re-
ceive protection, and enjoy liberal
privileges, granted for the public
T good as well as for their own advan-
tage, such as the condemnation of
individual property for their use.
They should not be LETT unrestrain-
ed to build up or i.npoverish at their
pleasure either individuals or com
munities by unjust combinations or
determinations, or to Cypress by
exorbitant rates. To this end State
and Federal regulations should be
firmly maintained.
The Sub-Treasury plan outlined
IL the pending bills is for the Gov
eminent to build store houses, with
q elevators, in each county of the
United States in which there is
} produced in each of two succeeding
year five hundred thousand dollars
worth Of wheat, corn, oats, cotton
: and tobacco, wherein these partic.
, ular products of these and other
: counties may be stored for a loan
of money by the Government equa
5 to eighty cents on the dollar of the
market value of such product a. tht
t time of deposit, tor one year, at the
/. rate OF ! per cent. per annum. l
a also provides for official to receive
o examine, weigh, grade, classify ant
! determine the market va ue thereof
to give certificates of deposit anC
S advance the loan to surrender tn
produce upon payment thereof will
4 interest insurance, and otheI
| charges for handling, storage, etc
1t also provides for the sale of sucl
property at action if the advance
is not paid when due, and requires
the secretary of the treasury to issue
the necessary amount of treasury
. notes to carry out the plan, such
notes 20 be legal tender, receiva-
BILE for dues to the Government,
ETC., and when the advance is paid
the notes are to be returned to the
Treasury Department for destruc-
ton. An appropriation of fifty mil
lions of dollars is asked this year to
start the plan.
A casual glance at the proposition
will indicate their serious import
ance and magnitude. They involve
new departure, a radical change
in our financial system.
In the discharge of the duties and
obligations cast upon me by the sut-
trages of the people | have the
honor to represent, my chief desire
is to ascertain and aid in the pro-
motion of such measures as will
best conserve their interests. and
which are at the same time Just to
all. am by no means unmindful
of the depressed condition of the ag-
ricultural interest, nor of their vast
Importance, in which more than
half the people are engaged, upon
which they are almost entirely de
pendent, and which lie at the bot
tom OF all prosperity ndividual and
national. Neither have | failed to
realize the inequalities, partialities
and oppressive determinations in
existing laws which have caused
depression. ] agree in the main
with the promoters of new plan in
their assignment of the causes of
this depression First, the made
quacy of the volume of our circus
lating medium; second, the un-
friendly restrictions upon silver as
coin and third. the snecial nrivi-