The advocate., 1890-01-09

the ClICulhtlhg meOlum ON q perIectlyaAte
basis, because tile margin IL a guarantee
that the banks will redeem the bonds be.
fore they mature, But now we And that
the circulation secured by this method IL
still not adequate; or TO take o very con
seryatiye position, II we admit that II is
adequate ON the average, we know that
the fact Of It's being entirely inadequate
for half the year makes its inaexlblllty I'm
engine Of oppression, because a season In
which It Is inadequate must be followed
by one Of superabundance In order to bring
about the average, and such Il range in vol
ume means great fluctuations In prices
which cut against the producer, both IN
buying and selling, because he must sell
ut a season when produce Is low, and buy
when commodities are high This system,
now vogue by the United States govern
ment Of snpplementng Its circulating me-
dium by safe ard redeemable paper
money, should be pushed q little further
aud conducted in such a manner as to se-
cure q certain augmentation Of supply at.
the season 0fthe year lnwhich the agr.
cultural additions the wealth Of the Ma,
ton demand money ahda elimination in
such supply OF fmoh6y as saidagric0ltural
products are consumed. Tits not on av6h
age adequate amount that Is needed, be-
cause siHder 1.-THE greatest abuses may
prevail, but certain adequate amount
that adjusts Itself TO the wants Of the cOun-
try at all seasons. For this purpose let ne.
demand thatthe United States government
modify itB present financial system: ao
1. Soas toallow the free and Unlimited
coinage Of silver or the issue OF silver GER
tincates against an unlimited deposit Of
bullion
2. That the system Of using certain
banks as United States depositaries be a.
bollshed, and in place Of said system, es-
tablish in every county in each OF the
States that offers for sale during the one
year five hundred thousand dollars worth
Of farm products; including wheat corn,
oats, barley rye, rice, tobacco, cotton, wool
and sugar, all toge.aer;a sub-treasury Of
flee, which Shall have in connection with
II such warehouses or elevators as are ne.
cessary for carefully storing and presery-
ing such agricultural products az are
offered it for storage, and it should be the
duty Of such sub-treasury department TO
receive such agricultural products as are
offered for storage and make a careful ex-
animation ofsuch products and class same
rs to quality and give acertifcate of the
deposit showing the amount and quality,
and that United States legal slender paper
money equal to eighty per cent OF the To-
cal current value Of the products deposited
has been advanced on same on interest at
the rate of one per cent per annum, on the
condition that the owner or such other
person as he may authorize will redeem
the agricultural products within twelve
months from date Of the certificate or the
trustee wlllsell same at public auction to
the highest bidder for the purpose Of sat
isfying the debt Besides the one per
cent interest the sub.treasurer should be
allowedtO charge triae for handling and
storage, and reasonable amount for ip-
suFauee, butthe premises necessary, for
conducting thiS business should bOsecured
by thgvafaOub cUonties d5natlng Ia gth6
etalgcySEREiebt theiadd aadthegJvs
4 w a, y i,,e vshSlg ifsieu otI