The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1890-05-08

their main crop, was 80 bushels per acre,
and the price at the crib 20 cents per
baahel-gross yield in money by the acre
Sc. You can by proper care and atten-
ton bring up any acre upon your farm,
and that means every acre upon it, to pro.
duce bale of n-l,200 pounds in
the seed, which yields 30 bushels of cot
ton seed, the market price of which dur.
ing the past season was 20 cents per
bushel, the exact equivalent in value of
the lows farmers so bushels of corn.
Besides 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 leost have Sc, the proceeds Of
the sale Of seed, as clear profit.
During my travels over the district last
summer I had the pleasure of attending
several of the farmers Alliance meet
ings. I felt deep interestin them,
heartily approving every effort Of the
country to better their condition. Like
all the rest of mankind they, too, make
mistakes. I ventured in a modest way
to point out some ofthese. The burden
oftheir efforts seemed to be how and
where to buy the cheapest. That I told
them was very well, but it is not the
main thing. There is never much trou-
BILE to buy, if one has the money with
which to buy. Iti is vastly more impor.
tant to have something to sell.
And so it is with one of the features
of this sub treasury scheme which is SO
we'll calculated to catch gudgeons, by
holding out the offer of lending money at
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 sup.
port you are, is in round numbers 1,4OO
million dollars, requiring nearly 50 mil
lion dollars to meet the annual interest.
Now bow does it strike you as financial
policy 70. one who owes 1,400 million
dollars bearing interest at 8 and per
cent to lend out his money at one per cent
per annum, to say nothing Of paying
out other millions fer ware houses, for
salayized officials and SO on, in order to
get chance to commit2such stupendous
folly? Common sense, sound reason and
good judgment are just as necessary in
managing the affairs OF government as
they are in conducting farm, store or
bank.
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 financial device that
can be conceived of is to be found in the
practical precept, borrow not at all.
In the irankness that shall character
ize this letter, I warn you against ex.
trema men and measures. The old patLs
are The safest. Very soon / shall take
my place with you again in the ranks
and for my own part, in the struggle thai
lies just ahead of us, | pray that we may
have the best, the truest and the wisest
OF leaders. Accepting as you nave done
in the utmost good faith the results o.
the late war, having adapted yourselves
as best you could 10 the changed condi
ton in your affairs, you do not realize
the bitter prejudice that the Republican
politicians still have towards you. They
are fully determined, if they can, to pass
the bill now pending in Congress, to reg
ulate aud control the Federal elections
in the States. 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 Con
pressional districts. These will readily
be found in every Congressional distric
of the States lately engaged in the rebel
lion (so called) and not in one of the
States that adhered to the Union
Should the bill become law the strug
giles of 1876 will be renewed in South
Carolina, and you will need all of ths
wisdom, all of the moderation, all of tht
enthusiasm aud devotion which
that splendid victory would have beer
turned into disastrous defeat.
There are other grave and importan
questions that / would gladly bring tt
your attention, and many other strong
reasons that might be given in opposition
to this proposed rsid upon the treasury
but this. letter has been extended fa'
beyond the limits proposed at the outset
T would like to call your attention to tht
unholy alliance between the farmers O.
the West and the knights Of Labor
which bodies no good to us. See thei
effort already made to depress about th'
only exclusively Southern industry
cotton seed oil, by the passage of what il
known as the compound lard bill. Lool
at the eSorbitant demand for pensions
already requiring more than one hundred
million dollars annually, and the enc
not yet. 1t has been just cause of pride
with us that our regular army is so small
and inexpensive, and to day no monarch!
in the Old World pays as much to keel
up its standing army as we pay for pen
sions.
I have RETAINED from stating the con
| st;tutionol ohiection IN the snb.treasiIr'