The Pickens sentinel. [volume] (Pickens, S.C.) 1871-1903, 1890-04-10
national legislation, is chiefly at fault |

erty of the country.
Today only % per cent. of the peo
pie own homes, and in Georgia onl,
"a per cent. of the property is held
by farmers.
| In 1912 Charles Dickens said q
tramp i'll this country would be as
strange sight as flaming sword nj
midday in the heavens. In 1868, not
tramp was to be found in this
country. In 1879 there were 3,OOO,-
600 tramps in the United States.
The towns and cities of Georgia
nave grown at the expense of the
country. In ten years the property
IN towns and cities has increased
$6O,000,000, while in rural districts it
has decreased $50,OOO,OOO
The monetary system of this coun-
try is the child of the wal between
the States, enacted when the United
States were trembling in the face of
an advancing and injured foe. The
government twasthreatenedb by theCon-
fedate forces, with the ''rebel yell''
distinctly heard from the capitol of
the notion.
At the instance of Mr.. Lincoln
after his indignant visit to Wall stree.
for money, the government began the
issue OF Greenbacks, (July 1861, and
Feb. 1862, "the peoples money"
non-interest bearing. To circ,lmyent
this currency, that left gold Hho
money OF kings and autocrats) in the
hands OF those that had boarded it for
the purpose of forcing from the peo-
pie and the government, their own
rates of interest and prices for the
necessities of war. The money kings
of that day, Q863,) induced Congress
to enact the national banking system.
Under this system they were after
wards enabled to force Congress to
an Act, Q866,) the contraction law.
"The strength crediting Act" "Thc
refrmding Act" 'The demonetiza-
ton OF silver and the presumption Act"
oil OF which were in their interest and
against the people. Thus the GOV
eminent, as war measure, when they
could not call their souls their own,
were thrown into the hands of their
relentless and avaricious, money
kings, and there both government and
people remain to-day.
THE EVILS OF CONTRACTION"
In 1866 the Congress passed the
famous contraction Act. It was not
rlgldly enforced, however, until 1868.
In 1866 the total circulation was
81, ,G73,379,753, amounting to $50 per
capita. In ten years the circulation
fell to S4GG, ,549,097, and the money in
was reduced to $545 per
capita.
Tn nlaya,, ,,oo,, 4l,o,,o ..., I I l.,
"contractoin" OF the currency n total
OF $40, 1869, AIS, shared by the
people as follows:
Lost by business men, $1,3O4, ,751,-
1T.
Lost by farmers, $3,O44, ,936,267.
Lost by laboring classes, S4,SOO,-
100000.
HOW 1T HURT THE FARMER
In 1868, certain farmer in Geor-
gla came to town with 500 pound
bale Of cotton he and his wife had
raised. He sold it for 30 cents a
pound, getting $50 for the bale. He
paid his taxes $40; bought II cooking
stove, $50; suit of clothes, S15: d
dress for his wife $5; q barrel of
flour for $12; 100 pounds of meat for
S18; and had $50 in clear cash left.
In 1877, nine years later, the same
farmer carried II 500 pound bale to
the same market and sold it for
S42.34. He paid his taxes. $40, and
had $2.34 left This so demoralized
him that he got dead drunk and dead
broke. The price fer his cotton had
contracted, but taxes and other things
hadn't. Laughter
The National Alliance at ST. Louis
adopted the sub-treasuly plan as the
financial remedy for the ''Pondora
box" and the evils that flow from it,
that SO burdens the producing and |
laboring classes of this country. We
fling this system before the world. |
to take it, examine it, adopt it, or give
rs something better, this we will
force you to do, one on the other. |
Rldlcule will not do, there is too |
much involved; our people are too
much in earnest to be intimidatcd bv
this child's play method Of meeting
facts.
ENCOURAGING TRUSTS.
This plan has been ridiculed by the
Columbus paper, which calls it "NTr. |
Livingston's plan,' and says it is not |
based on good business sense. 1t is
not my plan. That paper does me
too much honor. / was one of the
committee of five that formulated the |
plan at st. Louis at the meeting of
the National Alliance. 7 want to say |
That SO honorable aman as Zob Vance !
has introduced this plan in n bill be- !
fore Congress.
Our plan is this:
We do not ask change in the GOV
eminent plan. 1t is not revolution.
We merely want the plan enlarged. |
They allow me to deposit bonds as
evidence of Indebtedness, and draw !
30 per cent. of their face value, and |
bank on these bonds. The govern
ment pays the holder interest ON
these bonds, and taxes the people to
get money to pay this interest. And |
the government, besides taxing the
people, discriminatcs against them
by not allowing the banks to loan
money on real estate, while it allows
the merchant to get money on his
Whiskey men can put green whiskoy i;
N bonded warehouses, valued ut one
dollar per gallon. The moment it
Il 4 1