The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1890-06-03
PLAN.
The Warehouse System and Summary

MR. EDIToR:-After the close OF
the Revolutionary war, during the
Confederation, the States paid their
proportion of the tax, for the support
of the National Government, the
debt, etc, in specie or exchange. The
taxes were collected by the officers of
the State. The people had but little
specie and the rates for exchange
were very high. For the relief of
the people the Legislature in 1885
(CnAp. s. enacted the emission OF n
hundred thousand pounds in paper
money t. be a ~legal.tender at the rate
of one pound equivalent to W and a
half Spanish dollars.
SEC. II enacted that 10000 pounds
should be paid at Tarboro and Hall
fax each and 10000 pounds at Fay
etteville-total, $4,000 pounds, to
persons elected Oy the General As
sembly for the purpose Of purchasing
tooacco at the warehouse in these
places, for the State. They were
limited in price to fifty shillings per
100 lbs. "The commissioners to ship
the tobacco to the West Indies, Eu.
rope or else where as advised by the
Board of the Treasury, to persons who
mag advance money for payment On
the debt due by this State as its pro-
portion of the national debt, the Gov
ernor to ob'ain directions for shipping
when a considerable amount Of tObac-
CO is on hand" the commissioners to
receive two and a half per cent.
In 1886, Chap. 81. Delegates to
Congress authorized to sell and pay
the money to the United States Treas
ury. Where were laid certain taxes
for the Confederation. Those col
lected in the districts of Edenton,
Washington and Wilmington were to
be equally divided between the com
m~issioners at Halifax and Tarboro,
the remainder to go to the commits
sioner at Fayetteville, the commits,
sioners to keep a list of the person
from whrm bought, quantity and
price, to report to the Governor
quarterly and he and counsel to order
sale.
This was kept up until 1879 when
the Senat7 refused to longer sanction
it, and we find the report of the CON
m~issioners on page 81 of the journal
of the Senate, December 22d, 1889, in
settlement. The Federal constitution
having been ratified, the Senate did
not deem it longer desirable.
Tbs legislators of those days looked
not only to the interests of the gov
eminent creditors, but also to those
of the people who had the taxes to
pay, and endeavored to enable the
farmers to use their crops to advan
tag in the payment of their debts to
the government and to individuals.
The few who had money were not
allowed to "gObbIe up" the crops
and hold until there WAS a demand
and good prices.
Is he plan practicable? Col. Skin
ner and others have shown that it
would be as to cotton To apply It to
tobacco needs but little amendment to
existing laws. France Asses neither
colt ) or tobacco and operated it
success uliy for ten years in our own
time, VIZ l848-58, in connection
with other agricultural products. W.
give "ooject lessons" which are more
convincing and illustrative than fine
spun arguments. 1t is said when
Gen. Grant was a colonel that an
"orderly sergeant" reported to him
that he had put his captain in the
"guard house for drunkenness. The
colonel told him that the captain was
a commissioned officer" and he
could not put him in the guard house
The sergeant replied, "but, col mel
if you will come with me | will show
him to you in there Senators and
Representatives, we show him to you
in there, conformable to law and We
believe to the Constitution.
Is it constitutional g? The United
States government issues to nationa.
banks notes on the deposit of United
States bonds. A United States bono
is only the power of the governmen!
to tax the property of it's citizens. Is
it not equally as just to issue the notes
on deposit of the property itself 2 Ii
on these notes vas printed "this note
is secured oy agricultural products
deposited in a warehouse in accord
ance with section l of laws of 1891
what would be the difference between
them and national bank notes ? When
the United States bond is withdraw
it is rarely ever the case that the
identical notes issued on it's deposit
are returned but those of some kline
Of equal value, and so it would bt
here. If it is constitutional to receive
a mortgage on property-the power
to tax property and issue notes to bt
returned when the mortgage is with
drawn, how a it be unconstitutiona
to receive the property itself and issue