The sun. [volume] (New York [N.Y.]) 1833-1916, 1890-07-27

I
sides the one per cent interest the subfreasurer
should be allowedto charge tribe for handling and
storage and reasonable amount for insurance. tut
the premises necessary for conducting this business
should Be secured by the various counties donating
60 tile general Government the land. and the
Government bufdinE the very best modern build
inRs, nreproof and substantial With this method
In vogue the farmer when his produce was harvested
would place It In storage where It would be perfectly
safe and he would four nfh OF lite value to sup
ply his pressing necessity for money At one per cent.
per annum Tie would negotiate and sell his ware
house or elevator certificates whenever the current
price suited him, receiving from the person 10 whom
he sold only the difference between the price agreed
upon and thu amount already paid by the Sub Treasurer
whom however, these storage certificates reached the
hand Of the miller factory other consumer he to
get the product would have to return to the
urer the sum Of money advanced together with the in.
teret same and the storage and insurance charges
on the product"
THE sUB-rREAsURT BILL
Upon the adoption OF this report By the ALL
ance the Legislative Committee OF the order
drafted bill which, as above stated. Is now
pending In both branches:
1ss x h and Sm .2p;
Congress asemo 81 That there may be established In
tinted STATES SrsneS tue sf rrSaTy 6spSrt@sns
% as &c pSd saa %ssn TS or
citizens OF any county in any state shall petition the
Ia eSa SS ,Sa in'
oath OF oa, qsy and S.r
that ne average Eros. amount per anngm Of cotton
thai county tSr Tie last PTsssdnS two years exceed
r. ,qm 5000 at current prices in said county at
fresenta good and sufficient bond for ut. to a
TIC y tie USted s.tss for the location
s SUI IFs.:aG{ Sqid6s And ,r,, ,s, ., for
the ccAtion OF s9ch Treasury has been eho'ea b
ham,ns the manager OF the SUB Tr,atpry elected 4.
sa ssctton Tor ne purpose OF taking charge Of said
,sr!oSl Iss! IN VA case BE TIE Iuiy q me Sssfs
sh sub Treasury Department In such county as hero
SIC . That any owner OF cotton. wheat corn oats
or tobacco may deposit tho same in the Sub Treasury
saG PGi1 o. M Hn fo
re date Of deposit !, eighty per Gen. OF ihs ne. TSss
dsssrmiaed " me Secretary St ne TEs.,a5y unass
current naH in se leading cotton tosaeSo or Sran mar
keiS OF the United states. but no deposit consisting IN
into ths country sha! be received under the provisions
SIC That the Secretary of the Treasury shall cause
70 be prepared Treasury notes in sueh amounts nay
sSeh FORM and del he may presS.iDs Pre-
fan in or noS liam q OF OF
SEE That the Treasury notes Issued under this act
tender Tor All deb. both public and private and ,qsh
S b. h.d BY ANY pH;GR
SIC Issns BE- the duty OF ,Ss manager Of sqS ~
receipt :n5wnS the amount 1nf S9Hs o5:Gsh
posii the amount OF treasury notes the Sab Treasury
% On the ro oSnt per
num- expressly stating The sm"gnt OF p;arsnee weigh
run against such deposit OF cotton gram o. tobacco
"A such warehouse receipts shall be negotiable by en-.
TIA. the cotton grain or tobacco deposited in
be redeemed blythe holder OF the warehouse receipt
Wni.h ,&o proiuct is dePosi,ed or a, any o6sf Sub.
treasury BY ne sarrsnaer q such Ts.ehoIse rsceir.
OF the same unit originally advanced by II" sub.
as may 10 Necessary 70 iischAso ali tnttreS that may
have accrued AgAirs the advance OF money made on
and o!GeF shsrxfs ;hai, attach e The prGdGe. tot
re.sS az the en Sub ffssay n Of tss
a:,nA! amount Of MONEY ARRANGED BY H. '.9resnmens
x p st ~ S hi .. 5 e
returned a rseT ,S a.
ns, A.. o 9G ~nss
Is stored in some otter treasury shall, give
order on such other nofreasury toE the devery %
i: * fissss5y "a. sfosl3: &: the s
So. 7 The Secretary Of The Tres.arv snail prescribe
such RUE. and equation. ar. 1sesary Tor Eorern
ming ne ssafy HSp4 ana 5.:p"1.!cii,y q each Of
saiarg OF any nsna4sr Of su6rr!asnry shall NOT eX.
coed the OF 81 SO per annuml holding the mana.
Bod. dr @ssss aa @ ias
PROVIDING Tor the teiecuon OF EnnetchAnsAes staisS
Ss sa and siss a
R!ss Ss. en- HSG sT"
%sy H month; s.s due SEe: :, y
psd dfss TO The TrsA.ar
shsSsss ssis5ss ;s,i : s:;a On 4:
surrender OF hi. sarehou,e receipt The ssereiary q
eeI any S.Ps s'o
i . se ns d S 81 as &C, sS SSvs benz
comp led With csass be erected according 70 the
.tHnsat sutiS,%s. saisa5ls su: !Ts.sefS sSidISs
and u . pTodaS Of .sc"n
indicate as necessary sach ont.diGs shn.l esgrpel
storing and preserving tho products likely to be de.
ST. That any gain arising from the charge. for in
N tSna q, .ht *. 's a ai[
for AMI PAID int H y; s. m: s. Sub
Treasury shall 90 Iw0 ysar AMI ne reEatAr election TO
"uEfsss OF !hs taited saes In ease OF vIcapcy IN
me SH or o'hsrvs the S.srstary Of the
all nave power to appoint manager for the unsx'
PFC Sc The sum of slatoocoo m uch ,nsreo.
ssH strssy PrtsI.d ogt q ~ n%nsvs 10
OPPOSITION TO THE MEASURE
This radical measure, has the support Of the
tho santh It IS in fact the pet project Of tho
Southern farmers, and they mean 10 force It
upon the bemocracy rs a rarty measure; or 70
they are succeeding recent reports from south
Carolina and one or TWO other states give some
Indication. But In the North and the North
west the scheme Is BY no means 80 popular
among the farmers at large. Opposition to II
caused the Farmers and L1borors' Union OF
Missouri with its membershi hip OF $4,000 TO
stay out OF the Alliance last winter. Tho
Northwestern Alliance Is divided on the sub
Ject and the Grange does not support IL. Poli-
tcians OF both parties at Washington are hesi-
tatiug to declare themselves upon the subject,
and they arc watching With amazement and
uneasiness the sudden growth OF rural senti:
ment IN me matter. PRESIDENT l. l.. Polk Of
North CAROLINA, row at the head q the Al
lance, and Dr. Macune are tiEeless in urging
thu bill upon Congress. Col. X. u. Humphrey.
National Superintendent Of tho toIored ALI
ance has also addressed the Senate Commit
tee on Agriculture Ia It's support
senator Vance. who himself introduced the
bill in the Senate, says:
II cannot give my consent to vote for this
Sub Treasury bill. which provides for the
loaning o. money 10 the people by the Govern
msnt and. In my opinion. Ia without con-
stitutional authority. believe, however.
that under that clause Of tho Constitution
which gives Congress the power to regulate
cnmmerce with foreign countries and between
the States tho bonded warehouses now in
USE for the reception OF foreign imporatons
might also be used In every port q entry in
the United states. and others establs he'd as
well for the recept!on OF domestic articles in
tended for export to foreign countries and 20