, 1890-06-05
CARLISLE'S OPINIO,s,
The Agricultural Sub-Trea,,
ury Measure. ~
IT WOULD PRODUCE HARD TINE'
The Farmers Would Not Be Gsn.
orally Benefited. and Monopo.
lies Would Result.

WAsHls0roS, May 81. Senator Ca,
Isle has written 10 ~. +. Howard !,
Tuskegce, Ala in response to reoqe,I
for his views upon tho bill provldlnau IN
q system OF government warehouse, fo
farm products, upon which product
treasury notes are to be issued.
The senator says, in tho beginning si
his statements "rhe farmers have bes,
taxed SO long for the benefit of OIL,
classes, and have seen SO much lesala.
tlon for the aggrandkement OF corpora.
tons and syndicates that their patiebs
is exhausted, and they are now demand
Ing that the very policy which ,A,
have heretofore denounced as unu,
and rulnous shodld bo applied to them,
or rather, a part OF them, for no sehes.
yet suggested would operate alike upo5
all farmers, but 10 evil can he correuej
by increasing its magnitude and cXteDl
ing operations. There is but o.,
oiiectual remedy, which undoubtsll,
exists, and that is to reverse the pole,
which has produced it.'
The senator, after rehearsing the fat
ures OF tho proposed sub-treasury pln
and noting the fact that the farmen
themselves will pay more than then
fair share OF thu cost Of e eiln,
the warehouses, and that th,
officers connected with them viii, b
paftisnns OF the notwithstanding power
continued as follows. ''Not more than
one third OF the $500 counties In IN.
United States, II that many. produo,
and sell annually moro than S5om
worth OF agricultural products and
therefore, under the bill, not nor
than one-third Of them could
avail themselves OF this pl,n.
Therefore, IL Is u plan to compel
the government to issue and dstribg,s
money for the benefit Of the people living
in the rich aud productive counties IA.
tile expense Oi tue poorer ones More.,
over, II Is plan tU enable un.crupulotif
Spectators 20 take advantage OF tie fr.
mers' pecuniary Necessities and effect
eXhotbitant prices iot iuod from the p,o-
pie. In great majority vi eases the
iarners would never be able to redeem
their deposited products, but would B.
forced to lose the remaining ~ tei
cent. Of the valne, or sell their wafchcu.,
receipts iOr whatever they could gst lof
them, which would he very little, fof II
must be remembered that after they ~.
their warehouse receipts they have it.
naming interest OF only per ~ cent,
less the charges for IhIerssi
storage, etc. They would and
the time rapidly approaching " hen they
must have money 10 redeem their prod.
ucts, or sell their small remaining In
tercsts, or allow them To be sold al pub
lie auction by the government, and thii
would 70 golden opportunity for tue
= pee ulatOrs whose agents NDll,f swarm
all over the country ready to taks the
receipts from the EN- bafrassed owner
Tor merely nominal sums"
Senator Carlisle argued at length 10
sho" thal Tie plan proposed would pro
uuco an annual expansion and conirac'
ton oi the currency, which would result
In absolutely destroying the market
upon which the farmers must depeud lot
the saio ol their crops. NO such faclll-
ties as this project Will aiiori for con
trolling thu matEets Tor purely speculAA]
tive purposes" said lac, "haye cyt4
existed IN tins or any other COUNTS
and no more perfect system for TIE
oppression OF the puOf CouIu be devised"
In conclusion he said: Even ifh
could bc Concluslvcly shown that pisoi
any similar scheme would be pceuniat.
~ beneficial To any particular class d
people, sbouIu still be uualiernbly Op-
posed to ~, because ia my opinion II
would bo another Wide aud dangcrJui
departure IrUm The principles upoT
which our political Institutions arV
II would, In fact. DO a con
quest stop taken In time ot peace tOward
he consolidation of power In tho iedcF
Al government, and the suhjcotion OF the
private Affairs OF the pco plU 10 the con
.roi OF central and irresponsible sa'