Telegram-herald., 1890-06-03
FULL OF DANGER.
Csr4sle' , Opinion OF ras Grain sub
Treasures Scheme.
Strongly OPPOSED TO TIE PLB.
A Letter a whieh the kestackz states
slsn Warns Fsru-sfs That Issg NA
Vst - bsHsztsa hes Val snaef
- Ia Adoption.

cs3ECfioNs 10 aEk PROPOSITION
NAsnISeroS, Jane 2 -Io 3 B. Hos
arc q faskogee Ala. senator Carlisle
las written = letter IN response % AZ.
H3sards reQuest fer II. Senators
views P3E the bill providing for sys-
ten u GoVernmeRg warehouses foF farm
proc aetS apon shleh pod -cEs Treasury
notes may be issued. says the senator;
-fhe farmers have Cse1 taxed - lols fcf the
pe1cnE u cthef classes Sn1 have seen 80
u1ach legis--lio1 Tor ne zEgr@sa saizeElent q
corporations 4G1 syndtcases that tAer "a
tieace = exhausted a1d. aaalns h impossible.
fcE The uDe being Il least - abolish
the system wbleh has oppressed Eao
despoiisd Tie greatest Industrial o.
terVsl q ne eoaRtEy. they are how
demanding tn9t TIE very roncy waica they
have here afoTe deEouGcoe as unjust sad
ruinoas SHAH - applied 70 then, OF rather
part q them. for 10 sch.Ee has yet been sag
gested Thai would operate alike upo- a. farm
ers Bat nc evl can be corrected no wrong
can be riEnted oy incfessiugits magnitCee ard
extending the scope of its operations IAefe Is
but one e1ectual remedy tor the eg1 which an
ooabtecly exists. and thGt IL 10 reverss the pSl
icy which produced u"
The senator, after rehe2rsing the
features OF the proposed sub-reasury
plan. and noting the fact that the farm
ers themselves viii pay more than their
fair share OF the cost OF erecting the
warehouses, and that the officers con
nected with them viii be partssns OF
the administration in power. says:
There are more than Q, 40 counties IN The
United states but not more than onetEird q
them II that many, produce and sell annually
more than $50 01) worth OF wheat. corn oats,
cotton and tobacco. aud therefore Lot more
than one third of them could possibly
syan themselves Of this plan. II II were
adopted, ar the bil provides that
county IN order % procure warehouse. must
produce and sell annually farm products valued
e. 10000 II will be seen therefore, al. Tie
very outset that Il is a plan 70 compel the Gov
ernment 20 issue and distribute money for the
benefit OF the people living IN the rich and pro
ductive counties al the expense Of the people
living in the poorer and less productive
ones Moreover. II is plan 10 eneble un-
scrupuioUs spectators 10 take advantage
OF the farmers pecuniary necessities ana eXtOrt
exOrbitant prices for food from the people who
reside In cities, towns and villages, and from
people who reside in the country but do not
own these particular agricultural products. IL
Is evident that no farmer Will subJcc. himself
10 the labor and expense Of Transporting his
products 10 the public warehouse and 10
all the other charges which he must
pay for storage, for handling and for taking
care Of them while there, when lie has barns
and granaries al home, unless he is II debl and
absolutely needs the money which the Govern
ment is 10 advence and II be is in that IN
fortunate condition, from what source is be aft
erwsrds 10 acquire the means 10 redeem the
products by returning the money and interest
and paying the warehouse charges In a
great majority OF cases he will never be
able 70 redeem them. but will be forced 70 lose
the remaining 20 per cent OF the value Of his
products OF sell his warehouse receipts for
whatever he can get for them. which viii be
very little for il must be remembered
that after he gets his warehouse re
ceipts he has a remaining interest of
only 20 per cent, less charges for in
terest, storage. etc, and this IS oil he can
dispose OF. He viii find the time rapidly ap
preaching when he must have money 70 redeem
his products. or sell his small remaining in
terest in them. or allow them TO be sold 81 pub
lie auction by Tie Government; and this viii be
the golden opportunity OF the spectators, whose
agents will swarm all over the country, ready 10
take the warehouse receipts from the embar
rassed owners for a merely nominal sum. The
receipt is simply privilege Of redemption. like
d pawnbToker's ticket, and the farmer being
himself unable 20 redeem, will be forced ulti
matclT 10 dispose OF ~ 81 any price UlfTtu
60 not think that any considerable number OF
intelligent people in this country viii unite in
asking the Government 10 establish a system
which viii compel them in a large number of
cases TO sacrifice the products Of their labor "
Senator Carlisle argues at some length
to show that the plan proposed would
produce an annual expansion and con-
traction of the currency. which would
result in absolutely destroying the mar
ket upon which the farmer must de-
pend for the sale of his crops and that
the cotton farmers who are supporting
the scheme would be special sufferers,
because the plan, in the writer's esti-
nation, would close every cotton fac
tory in the country. He concludes:
NO such facilities as this protect vii afford
for controlling the markets FOR purely spooula-
tive purposes have ever existed in this or any
other country. and no more perfect system for
the oppression Of the poor could be devised.
But even II il could be conclusiyely shown
that this OF any similar scheme could be
pecuaiarily benefited by any particular class
Of our people I would still he uualterably op-
pcsed 20 its adoption because IN ms opinion
Il would be bnt another wide and dangerous
departure from the principles upon which our
political institutions are founded. Il would be
in fact the longest step yet taken in time Of
peace towards the consolidation - power N
The hands Of the Federal Government and the
subiection oi the private affairs Of the people
70 the supervision and control of a cestrsl ans
irresponsible authority