The midland journal. (Rising Sun, Md.) 1885-1947, 1890-03-21
The Farm.
FOR THE sUB-TAx-TREAsURY.
Pledges Which the Farmers Al
lance Will Exact Of Candidates.
THE SAME CONSIDERATION AS TIE
WHISKY MEN AND THE BANKS,
RAILROAD REGULATION.

among the regular Democratic leaders
in Georgia by an announcement from
Colonel l.. F. Livingston, president Of
the State Farmers Alliance, in which,
in behalf of that body, he practically
assumes control of the Democratic
party, President Livingston says:
Our people have just interest enough
in the politics of the country to inform
themselves, and when inftrmed they
ought to go to primaries and cast their
votes for those men who will do the
best for the whole people, not for any
particular class. When the nominal
ing comes in the fall all those gentle
men who stand for re election or NOM
ination, which means election, they
will be asked to tell the public how
they stand en- those questions that affect
US. and if they cannot answer directly
I can't pledge my people to vote for
them. | shall certainly advise them
not to do it."
"On what question will you ask can
Gi1ates to commit themselves?'
First, the sub,tax treasury plan.
something that will give an effective
currency to handle the business of the
country without depressing prices or
encouraging corners and monopolies.
l am. decidedly in favor of the sub tax
treasury plan. l am going to canvass
the State on it, and wnen l get through
our people will not vote for any man
who will not favor it. | mean in the
nominations. In other words they
will give their preference to a man who
favors that plan or something like it.
If Mr. Blount, for instance, should say
he favored the principle. but he would
give US better BILL we would say, all
right, 60 ahead. We believe the pres
ent currency system is the nursery Of
these corners. trusts and combines. We
believe it would be impossible to put
up corner in cotton, wheat or any
thing, if the sub treasury system, as
we present it to Congress, were adopted.
We think so for the simple reason that
We put the producer in such position
that his products are not forced on the
market, and he is MT made to sell his
produce at given dny. The producer
gets twelve months to sell.
WHAT THE PLAN MEANS.
"The Sub Treasury plan proposes
that the Government take the farmers
staple crops into its warehouses and
Issue him negotiable certificates to so
per cent. of the value of his product,
with no charges but the bare expense
Of storage and insurance. The crop is
kept in there year. In that time the
farmer sells it month by month, simply
letting the supply keep up with the de
mand. This will regulate prices and
prevent corners. 1t will break up all
this speculation, which is encouraged
by the present system. The price
would be fixed month by month in just
accordance with supply and demand.
"Cotton statistics are at best an APP
Proclamation. The estimates may miss
several hundred thousand bales, and a
hundred thousand in the supply may
make difference of a cent in the price
of cotton. When the crop is marketed
or stored the actual number of bales
will be known and the price will be-
come steady. A plan OF this kind will
relieve the farmer thousand times
more than a reformation Of the tariff or
any other thing of that kind. The
present system makes the money kings
our financial masters. This will make
the Government our ruler in money
matters.
"Some men say the farmer is asking
too much; he is only askino what the
Government gives to the whisky men.
Whiskey is worth So a gallon the min
ute it is put in a bonded warehouse,
because the age gives it value by an
ticipating. That whisky was only
worth so cents gallon before. The
farmer is only asking an extension of
the favor already granted to the
national banks. They deposit bonds in
vaults which stand in place of bonded
warehouses, and they get 80 per cent.
of the face value at | per cent per an
mum, meantime collecting interest on
the bonds and paying nothing for stor-
age. tax or insurance. We only ask
the Government to advance so per cent
of the value of products, and We pay
the storage and insurance.
ENCOURAGING TO AGRICULTURE.
"The system will encourage the pro