Bismarck weekly tribune. [volume] (Bismarck, Dakota [N.D.]) 1884-1943, 1890-05-23
Continuance of the Argument in
Favor of ub-Treasuries for
Farmers.
Fire at Winona, MIMI, Destroys a
FIGURING Mill, Causing a Loss
of 100000.
The Railroad Board Will Begin
Action Against the Great
Northern Railroad.
Amendment to the Silver Bill.

WASHINGTON, May Ex-senator Sher-
man to-day submitted an amendment in
tended to be proposed by him to the
pending silver bill. It provides that bal
ances standing to credits of national
banks for deposits made to redeem cred.
its of national banks for deposits made
to redeem circulating notes, shall be GOV.
cred into the treasury as miscellaneous
receipts and the treasury shall redeem
circulating notes of banks which may
come into it's possession subject to its re-
demption. The amendment also provides
that upon the certificate of the comp
troller of currency that such notes have
been received by him and destroyed and
that no new notes will be issued in their
place, reimbursement Of the amount shall
be made to the treasury from an appro-
priation created by this amendment to be
known as the national bank notes re-
demption account"
H sUB-TREAsURY BILL.
WASHINGTON, May 15.-The hearing
of the Farmers Alliance representatives
was continued before the ways and
means committee this morning, MI. Liv.
ingston, the national lecturer of the or.
ganization taking up the argument. He
quoted President Lincoln's prophecy
that corporations would be enthroned,
that the property of the country would
be concentrated, and that the republic
itself would be overthrown. Thank God,
the last prediction had not been fulfilled
but the others had been. One-twentieth
of the people of this country owned
three-ffths of the property. He also
quoted Garfield, Jefferson and Calhoun,
and said that what they had recon-
mended was just what the alliance asked.
1t congress refused to approve the sub
treasury plan, then let it remove the re-
strictions hedging in the national bank
ing system. The farmers would care
nothing about trusts and combinations
and the concentration of money if they
could hold their crops in sub-treasuries
and were not compelled, as at present, to
sell them at stated times-in October in
the south. He could thus escape the
speculator. It would be a Godsend
to this country to pass the sub
treasury bill for the reason (if
for no other) that there would not be a
bucket shop in the United States. The
day of speculation in crops would be
done away with, and the producer and
consumer would be brought together.
It had been charged that the farmers
we're to form a trust, but this was against
the farmers nature. Sixteen million dol
lars would build all the warehouses the
alliance wanted. What good were the
river and harbor improvements to the
debt ridden and oppressed farmer.
Never more than a third of the cotton
crop would be warehoused. When certi-
fcates issued on that crop came in they
would have the most need of a wheat
crop and then a tobacco crop and so on.
There would not be any excessive changes
in the volume of currency. In con-
clusion he said that if the committee
thought a landed basis was best, or if
they would not accept a crop basis, let
them put in a bill. Do something to re-
lieve the farmer. Report the bill to the
house in some shape, SO that it could be
acted upon. Don't make it a question of
tariff or of politics but let the bill stand
on it's merits.