Daily tobacco leaf-chronicle. (Clarksville, Tenn.) 1890-1895, 1890-09-15
Evening E'SA,'-lsai Chronicle
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The sub-Treasuig Plan and the. Some
thing Better.

catechism put TO him hy the Graves
county committee, that is worthy of
the man, who is one OF the truest
Democrats in Congress, and one of
the ablcst farmer representative in
that body, whom DIR. McCune would
have defeated, just ms he is using his
paper to defeat Gov. Gordon for the
Senate, should these men repudiate
and refuse 10 support his wild and
visionary sub-treasury scheme.
Mr.. Stone is the first candidate
giving an answer TO "the something
better" 1t is so full Of good sense
Democracy and craftsmanship that
we PRINT the following extract from
his answer, which is the true policy
and platform for every alliance man
in the United States and which they
had better adopt and renOunce
McCunes cranky scheme:
II endorse the declaration Of pur-
poses made by the National Farmers
Alliance and Industrial Union at st
Louis last December. also endorse
the report of the committee on de
mAnd made at that meeting as APP
pears on pages 81 and 81. Of the pub
lished proceedings Of that meeting
except the seventh article. The sew.
enth article demands that the gov
ernment shall own and operate the
communication and transportation.
y Possibly that arti-
cle only refers to railroads, but linn
tied to railroads | am opposed to it
because it is giving too much power
to the general government, and
would put upon the people Il debt
much larger than the debt left us at
the close of the late war.
"The sub-treasury plan was not
one of the demands made at st.
Louis, as you will find by reading
the proceedings, but was afterwards
reported from committee and
adopted by the meeting. / endorse
fully the idea out Of which it grew,
which was an increase OF money in
circulation. But / do not endorse
the sub-treasury plan, because have
not, after careful and pains-taking
investigation, been unable to see
anything in it but an expansion and
multiplication of the evils and hard
ships imposed upon the people by
the national banking system. | am
opposed TO that system, but find that
one of the arguments used in advo-
cacy of the sub treasury plan is the
existence of the national banks and
the likeness or similarity of the two
plans. And it is urged and granted
that the power gwen national tanks
to cause fluctuations in the currency
has brought great financial distr IS
on the country, yet this plan i1u,gcd
because it will produce an expansion
and contraction every year of many
millions Of dollars. All history
teaches that contraction Of the money
in circulation always brings disaster
and ruin to country. And this
plan proposes to give lis annun Il
paniCs, for under it farmers
would be compelled to sell their
produce after it had been redeemed
and the money destroyed, on a con
tracted market, after having bought
their supplies while money was inila-
ted. | am farmer and know by eX-
perencc what hardships they have to
endure. | will do anything in my
power and vote for and advocate any
legislation that will better the condi-
ton of the Iahoring tax paying mass
cs, but | will not vote for nor advO-
cate any measure that has in it only
disaster and cnslavement for the peo-
pie among whom | have lived and
who are my friends to-day. This plan
has not Il feature of relief in ii. | am
Il member of the farmers alliance and
industrial union, and have been a
member Of very farmers organza-
ton that has existed in reach Of me
since 1874 and have devoted much of
my time to the work of trying to
bring Il better condition of things to
the farming classes, therefore | feel
that am not altogether incompetent
TO see the real dement's of any prop
osition affecting the farmers. You
say the sub-trcasury plan or some
thing better; yes, am in favor of
something better. | am in favor of
reducing taxation to SUN sufficient
only to pay the necessary expenses of
the government, and of making
those expenses as low as possible, con-
sistent with efficient service. am
in favor of purchasing the bonds OF
the United States with treasury notes,
thus replacing an Understanding,
bond with misunderstanding
debt-paying note. Lam in favor of
the free coinage of silver. am in
favor Of a sufficient amount"of money
in circulation to do the business OF
the country on an equitable, liberal
basis. am i'm favor of such annual
increase of money in circulation as
will keep pace with the increase of