The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-06-01
FALLACIOUS FINANCE
Carlisle Attacks the Farmers
Produce Bank Bill.
THE DEMOCRATS OF ALABAMA.
Their Nominees and their PlatfOrm-The Re-
publican Senators are About Ready
to Report the Tariff Scheme.

WASHINGTON, May 81. Senator Carlisle
has written to B. F. Howard, of Tuskegee,
Alabama, in response to a request for his
views upon the bill providing for system
of government warehouses for farm pro-
ducts, upon which products treasury notes
only shall be issued. The Senator says, in
the beginning, that the statement of How
ard and his associates that they are in
favor of equal justice to all and special
favors to none,' embodies sound Demo
cratic doctrine, and if it had been strictly
adhered to in Congress for the past twenty
five years, the effects of which the farmers
and others justly camplain, would have
been averted and the whole country would
be prosperous and contented. 1.-THE farm
ers have been taxed so long for the benefit
of other classes and have seen so much
legislation for the aggrandizement of cor
porations and syndicates and that patience
is exhausted, and they are demanding that
the very policy which they have hereto
fore denounced as unjust and ruinious
should be applied to them, or rather part
of them, for no scheme yet suggested
would operate alike upon all farmers. But
no evil can be corrected by increasing its
magnitude ard extending its operations.
There is but one effectual remedy for the
evil winch undoubtedly exists and that is
to reverse the policy which produced it,"
The Senator, after rehearsing the feat
lures of the proposed SuD-treasury plan
and noting the fact that the farmers them
selves will pay more than their fair share
OF the cost of erecting warehouses and that
the officers connected with them Will be
partlsans OF the misunderstanding power. says:
There is not more than one third if the
$500 count ties in the United States, of that
many, that produce and sell annually more
than 100000 worth of agricultural pro-
ducts, and therefore under the bill not
more than one third of them could avail
themselves of this plan. At the very out
set, therefore, it is a plan to compel the
government TO issue ana distribute money
for the benefit OF people living in the rich
and productive counties at the expense of
the poorer ones. Moreover, it is a plan TO
enable unscrlpulous spectators 10 take
advantage OF the farmers pecunial'y
necessities and exrort exorbitan5
prices for food from the people.
never would be able to redeem his de
posted products, but would be forced to lose
the remaining 20 per cent. of the value or
sell his warehouse receipts for whatever he
can get for them which would be very
little, for il must be remembered that after
he gets his warehouse receipts he has re-
naming interest of only 20 per cent. less
the charges for interest, storage, etc.. and
this is all he can dispose of. He will find
the time rapidly approaching when he
must have money TO redeem his products
or sell his remaining interest, or allow
them to be sold at public auction by the
government, and this will be the golden
opportunity of spectators, whose agents
will swarm all over the country,
ready to take receipts from embarrassed
owners for merely nominal sum
Senator Carlisle argued at length to
show that the plan proposed would pro-
duce an annual expansion and contraction
of the currency, which would result in alb
solutely destroying the market upon which
the farmer mist depend for the sale of his
crops. mo such facilities as this project
will afford for controlling the markets for
purely speculative purposes said ne,
''haye ever existed in this or any other
country, and no more perfect system for
oppression of the poor could be devised.''
In conclusion Senator Carlisle said that
even if it could be conclusively shown that
this or any similar scheme would be pecu-
niarily beneficial to any particular class of
the people, he would still be unalterably
opposed to it, because, in his opinion, it
would be another wide and dangerous de-
parture from the principle upon which
our political institutions are founded 1t
would be in fact the longest step yet taken
in time of peace toward the consolidation
of power in the federal government and
the subsection Of the private affairs of the
people to the control of an irresponsible
authority.