The Newberry herald and news. (Newberry, S.C.) 1884-1903, 1890-05-08

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aged toget on without our cotton crops.
In such years as we had from 1883 to
1889, if the corn, bacon and flour that
we required had been in Government
ware houses, cornered by law, as this
bill proposes to do, ours Instead OF
theirs would have been the land OF
mortgages; the contest, as you must
see, is an unequal one, and the odds
are all against us. You can get on, for
a time at least, with worn and patched
clothing, but lean and empty larder
who can long withstand?
THE SOUTH BETTER OFF THAN TIE
WEST.
AS bad as some may deem our condi-
ton, it ought to afford them some re-
lief to contrast it with that of others
Take the State of Iowa, for instance.
have already alluded, incidentally, to
corn burning Kansas. ltapprars from
the agricultural statistics Of Iowa for
last year that the average yield of corn,
which is their main crop, was 30 bushels
per acre, and the price at the crib 20
cents per bushel-gross yield in money
by the acre Sc. You can by proper care
and attention bring up any acre upon
your farm, and that means every acre
upon it, to produce bale of cotton
200 pounds in the seed, the market
price of which during the past seas II
was 20 cents per bushel, the exact
equivalent in value Of the Iowa far
mer's 80 bushels of corn. Beside1 you
have 400 pounds of lint worth 10 cents
per pound. against which to charge up
the expenses of production, and if it
should take $40 for that purpose, (which
you know is not the fact, you would at
least have Sc, the proceeds ofthe sale Of
seed, as clear profit.
During my travels over the district
last summer | had the piea-ure of
attending several Of the Farmers ALI
ance meetings. I felt deep interest in
them, heartily approving every effort
oftbe country to better their condition.
Like all the rest of mankind they, too,
make mistakes. ventured in modest
way to point out some Of these. The
burden of their efforts seemed to be
how and where to buy the cheapest.
That I told them was very we'll, but it
is not the main thing. There is never
much trouble to buy, if one has money
with which to buy. It is vastly more
important to have something to sell.
DO NOT BORROW MONEY.
And so it is with one of the features
of this sub-treasury scheme which is
we'll calculated to catch gudgeons, by
holding out the offer of lending money
at a cheap rate of interest. 1t matters
not what the rate of interest is, in the
end you will find that you have to foot
the bill. The present Indebtedness of
the Government, whose mainstay and
support you are, is in rould numbers
400 million dollars, requiring nearly
50 million dollars to meet the annual
interest. Now how does it strike you
as financial policy for one who owes
1,400 million dollars bearing interest at
and 4 per cent to lend out his money
at per cent pei annum, to say nothing
of paying out other millions for ware
houses for salaried officials and so on,
in order to get change to commit such
stupendous folly? Common sense, sound
reason and good judgment are just as
necessary in managing the affairs of
government as they are in conducting
a farm, store or tank.
Some persons Of much financial skill
and energy may handle successfully
borrowed money. These constitute the
exception to the rule. The rule itself
is exactly the reverse Of this.
A lesson Of more value to our people
than any politico-inancial device that
can be conceived of is to be found in
the practical precept, borrow not at all.
THE REPUBLICAN PLOT.
In the frankness that shall character
ize this latter, warn you against en-
treme men and measures. The cid
paths are the safest. Very soon l shall
take my place with you again in the
ranks, and for my own part, in the
struggle that lies just ahead OF US, l
pray that we may have the best, the
truest and the wisest of leaders. Ac-
cepting as you have done in the utmost
good faith the results Of the late war,
having adapted yourselves as best you
could to the changed condition in your
affairs, you do not realize the bitter
prejudice that the Republican politi-
clans still have towards you. They
are fully determined, if they can to
pass the bill now pending in Congress,
to regulate and control the Federal
elections in the State. It's machinery,
meant solely for the Southern States,
is to be set in motion upon the petition
of five hundred voters in any one of
the Congressional districts. These will
readily be found in every Congressional
district Of the State lately engaged in
the rebellion (socalled) and not in one
of the States that adhered to the Union.
Should the bill become law the strug-
gle of 1876 will be renewed in South
Carolina, and you will need all of the
wisdom, all Of the moderation, all Of
the enthusiasm and devotion without
which the splendid victory would haze
been turned into disastrous defeat.
There are other grave and important
questions that would gladly bring to
your attention, and many other strong