The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1890-09-04
TROJAN HORSE AND HUMBUG.

lance measures-at least in Barnwell
County.
TROJAN HORSE AND HUAlBUG.
The SUBJ Treasury bill is humbug and
q Republican Trojan horse also. The
bill is unconstitutional because it pro-
yides for the manager of the warehouse to
be elected. Now the I'd section of Arti-
Gle of the Constitution of the United
States requires every officer and employee
of the Federal Government to be cap
pointed" This shows that whoever
drafted the bill was an ignoranlus, and
the bill is undemocratic, unjust, crude
and impracticable throughout.
If the bill should become law the
manager and all the other employees ut
at warehouse would all be Republicans
carpet baggerS, scallawags or negroes
when Republican President should be
in power. Besides the manager there
would have to be q bookkeeper, clerk,
cashier, teller, weigher, q sampler,
shipper, watchman, and at least three
laborers to handle the cotton-twelVe
employees at good wages, which would
make every warehouse virtually little
headquarters or fort to defend the inter-
ests of the Republican party. What de.
cent cotton planter wants any such cattle
either storing, sampling, grading, selling
or shipping his cotton?
FEDERAL INTERFERENCE?
Again, every crime committed in the
ware house, and every contract relating
to cotton in it, would have to be settled
in the Federal Courts-not State Courts.
How would our people like to be dragged
away from home to Charleston, Columbia
or Greenville as parties or witnesses for
assault or battery, or for forgery, breach
of contract, stealing, embezzlement, etc ?
There would be plenty of these offences
or civil suits growing out of the warehouse
transactions, amounting 10 $780, ,0C0 or
more year.
Another absurd and unjust provision
of the bill is that "any owner" not pro-
ducer of cotton, corn, wheat or oats can
store it, or rather pawn it, and draw 30
per cent. of its value, which sum he can
keep for one year at 1 per cent. interest.
Now, everybody will store his cotton
merchants and speculators more than
planters, because they can get the use of
money so cheap, and, second, because the
more money put into circulation the
higher the price of any article in the
market-the price depending more upon
the quantity of money than upon demand
and supply. The speculator will get the
benefit of this inevitable rise in price and
not the producer.
FAYORING a CLASS.
Another unanswerable objection to
this sub-treasary nonsense is that it
provides for issuing several hundred
millions of greenbacks in the form of
advances on only FIVE agricultural pro-
ducts. ls there any justice in favoriDg
or petting producers Of cotton, tobacco,
corn, wheat or oats, and leaving out the
producers of rice, sugar, groundpeas, rye,
barley, lumber, iron, cotton cloth at
factories, etc2 What becomes of the
Alliance motto: Equal rights to all
special favors to none !" How does this
pretty maxim comport with taxing about
two thousand small or poor Counties in
the United States to build $4,000 ware
house in about one thousand large or
rich Counties that yield over S50O,OOO
worth of the Eve favored products?
CONTRACTION AND INITIATION.
Leaving out of view the above objec.
tions to the bill, there is yet another
single objection which ought to cause
every honest man to discard it. The bill
provides for putting into circulation. as
advances on five products, six or eight
hundred million dollars in greenbacks in
the first part of the crop year, and then
calling it all in and destroying it the
second part Of the crop year. What the
country wants is more money all The
time. What possible permanent good or
relief will it be for the farmer to have
plenty of money one part of the year and
no money another part of the year?
If this sub treasury bill should be en-
acted into law there is hardly any calcu-
lating how much the Government would
lose each year. Everybody who owned
any produce would pawn it for 80 per
cent and let it stay in the ware house for
an artificial rise in price, when many
would sell, of course, but perhaps half
the owners of pawned products would
never sell them at all, but having drawn
80 per cent of their market price at an
inflated value. when money advances
were most plentiful, would simply allow
the year to expire and force the Govern.
ment to sell the pawned products at auc-
ton for whatever it could get-at an
enormous sacrifice of course.
1t is well-known fact in the history
Of prices that in the ordinary routine of
business, connected with
agricultural products, they Auctuate
more than 20 per cent almost every year
frequently as high as 40 or so per cent,
and sometimes more and if 1uctuation
is 80 great in the normal course of trade,
how much more extreme and ruipous
will the Ructuation be in price when
many hundred millions of dollars shall be
first issued and then destroyed every
year! The unwisdom-yes, the stupidity
of upsetting all prices and demoraliz-
ing all society by alternately expanding
and contracting the currency every year,
to the extent of six, eight or nine hun.
ired millions of dollars, must be palpa-
bic.
OTHER OBJECTIONS.
There are at least dozen other insu-
perable objections to this sub. treasury
scheme, but the weather is too hot to
waste time pointing them out. What
nave said above has been written with
salloping pen. Very truly,
G. D. TILLAIAN.
New ORLEANS. August 25.-A Times