Los Angeles herald., 1890-12-09
FARMERS FINANCES.
The Alliance Adopts a Finan-
cial Policy.
They Want the National Banks
Abolished.
The Establishment of a Sub Treas ur,
System Advocated.
Free and Unlimited Coinage of Silver De-
manded-Republican Legisla-
tion Denounced.
Associated Press Dispatches.

tanned the following amended demands
First-The abolition OF national
banks; the establishment of sub-treas-
uries in the several states to loan money
direct to the people at rate of interest
not to exceed 2 per cent. per annum on
non-perishable farm products and real
estate, with a proper limitation upon
the quantity of the land and the amount
of money; that the amount of the cir
culating medium be speedily increased
to not less than fifty dollars per capita.
Second-Congress shall pass laws to
effectually prevent dealing in futures on
all agricultural and mechanical produc-
tions, preserving stringent procedure
in trials to secure prompt conviction OF
offenders, and such penalties as shall
secure the most perfect compliance with
the law.
Third-Condemns the silver bill re-
Gently passed, and demands the free
and unlimited coinage of silver.
Fourth-Demands the passage of laws
prohibiting the alien ownership of land,
and that congress take prompt action to
ucVloS SOut pldu W OUIdIll dll GLS IdlUS
now owned by aliens and foreign syndi-
Gates, and that all lands held by rail-
roads and other corporations in excess
of that actually used and needed by
them, be reclaimed and held for actual
settlers only.
Fifth-Believing in the doctrine of
equal rights to all, and special privileges
to none, we demand that our national
1aricIofiav> ho fro ,al ,v1k no f,,+,,
not to build up one industry at the
the removal of the existing heavy tariff
of our land must have. We further de-
mand a just and equitable system OF
a graduated tax on incomes. We be-
lieye the money OF the country should
be kept as much as possible in the
hands of the people, and demand that
all national and state revenues
be limited to the necessary expenses of
the government, economically and hon
estly administered.
Sixth--We demand the most rigid,
honest and just state and national con-
troll and supervision OF the means of
public communication and transporta-
tion, and if this control does not remove
the abuses now existing, we demand
government ownership of such means of
communication and transportation.
A spirited debate followed the intro
duction of this report.
Loucks of South Dakota offered an
amendment to strike out the word
farm before products, but after
discussion it was changed to read "mer-
chantable" instead of ''farm."
Then Davie OF Kentucky offered long
amendment, and speeches for and
against went on for long time. Presi-
dent Hail. of the Missouri alliance, de-
clared himself uncompromisingly op-
posed to the sub-treasury plan. He
said it is unconstitutional and directly
opposed to the principles of the
order; it is unjust and very
extravagant, and would bring
financial ruin to the farmer and all
other classes of business. 1t would
have, and is now having, the effect of
drawing the minds of the farmer and
other laborers from the greatest curse OF
the age-class legislation. In conclu-
sion he said if such step were taken it
would destroy the order in Missouri in
less than ninety days.
Congressman-elect Simson, of Kansas,
Clark, of Texas, and others favored the
sub-treasury plan.
Many other speeches for and against
the sub-treasury scheme were made,
and the vote finally taken resulted in
the adoption OF the above plan, 80 to 70.
At the afternoon session, Wardell, OF
South Dakota, moved to reconsider the
vote by which the alliance protested
against the passage of the election bill.
stating his reason to be that the protest
would retard the progress of the alliance
in the north and west.
On motion of Hall, of Missouri, War
delPs motion was laid on the table, So
to 80. There was considerable excited
discussion over the matter; the states
voting with Wardell were Illinois,
Texas, Indiana, Michigan, Pennsylva-
mia, South and North Dakota. There
was divided vote in the delegations
from Arkansas, Missouri, West Vir-
ginia, Florida and Kansas.
Carr, OF North Carolina, presented a
memorial to congress approving and ask
ing the passage. of the Paddock pure food
bill, emphatically protesting against the
passage OF what is known as the Conger
lard bill, which denounced the measure
as tending toward more taxation and
unjust discrimination against the cotton
seed oil of the south and beef fat of the
west-sectional legislation against which
the industrial movement declares un-
ceasing hostility. The memorial was
unanimously adopted.
At the night session a resolution was
passed urging the establishment of a
postal savings bank. Just before ad-
journment, Buchanan of Tennessee took
occasion to warmly denounce those
members who had given information to
press representatives, as scoundrels,
liars, knaves and traitors.
After passing the customary resolu-
tioas OF thanks, the national alliance, at
l O'Clock this (Tuesday) morning ad-
journed.
The sub-treasury bill as it now stands
in congress, does not include provisions
for loans on lands, but this feature does
appear in the formal demand today.