Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1890-12-18
The New Alliance Platform.

IL
ers' National Convention demands
low tariff for revenue only; graduat-
ed income tax; free and unlimited COIN
age of silver; laws against alien own
ership of land, and against corpora
tions holding out of use lands beyond
their needs; laws against gamb bling in
grain: STATE and Federal control of
TRANSPORTATION and finally the substi-
tuition of sub-tressuries for national
banks, to make direct loans at low in
terest.
This latter demand is the only one
which Democrats are not prepared TO
indorse. 1t proposes to make new
application of the national bank theory
"a theory which Democrats have al
ways regarded as vicious in principle.
IF the government ever began making
direct loans from the Treasury, on real
estate or chattel security, the corrup-
ton that would ensue would be inde-
scrjbable. The farmers do not really
want any such law to put themselves
at the mercy OF the Quays and the
Dudleys, aud if it were passed they
would be the first to protest againstit.
| We know this, because we remember
what they have for moment forgot
ten-that they themselves in many OF
the States have passed stringent laws
making such loans felonly and sub
| jecting the treasurer who makes them
to imprisonment in the penitentiary.
1t shall be unlawful for the Treasurer to
deposit any If the public money or evidences
| of debt due tho State, or other securities or
papers of value belonging thereto. In any
bank or banking house, or with any nrm or
corporation: but he shall Keep all moneys,
evidences Of debts due the State, or other
securities or papers of Udtue belonging there
to, in the vduu and safe of the State proud
ed for that purpose
county or township employed in the coileesG;55 Is
ton of the public revenue, or whcT>
any public funds in his hands, sr"tn--~--.
J convert the same to his own use, OJ,g
wise misappiy anv part OF the money
funds so collected by him, or " hich may
have come into his possession by virtue or
his employment, and every such ofhcer VINO
shall fail or omit to pay the amount found
due from him upon settlement. shall on
conviction, be fined not less than $500 and be
imprisoned in the peniteniiary not less than
one nor more than five years.
! Give Mr.. Mathew Stanley Quay.
Mr.. w. w. Dudley or any practical
politician" Of that class power to make
loans on real estate or chattei security
and they could collect $5 900 900 CAM
paign fund in less than five months.
Most of the defalcations in State treas
J uries come IN that way, through the
violation of laws the farmers have
made against loaning public money on
private security. Once give the politi-
clans a free field and free grab at the
National Treasury and they would
capitalize every gully in the uplands,
} every swamp in the bottoms, every
sagebrush and cactus In the desert, for
more millions than Mulberry Sellers
every dreamed OF. The govern pmsnt
would "realize on the security" In the
| In fuf0
on the securities of defaulting treasur-
ers who have put out public moneys
among their friends or accompiicee.
Pennsylvania has just lost 500, 600 In
that way in the Delamater ia lure, and
, the Republicans are charging that
there ia danger of losing large sum
from the Arkansas Treasury by SIM
liar loan.
After having made this plan felony
in many of the States in which they
have control, the farmers will certain
Iy not allow it to become policy or
the Federal government. 1t 10 poii.
tician's scheme, and the farmers VIII
soon understand it and repudiate 1t.
Their platform, however, in all its
leading lines is snund aud fully express
sive of the popular demand for reforms
, that must be had. On the tariff, on
silver, on forcing the Piutocrats to pay
tax on incomes to meet their share o!
: the enormous pension outlay, on con-
tr"l of transportation, in opposition to
Wall street control of money and to
speculative control of supply, they are
fully in accord with the Democratic
: party. Each has it's own work to do.
but for each it is the same work to-
wards the same end-the rescue of the
country from Plutocracy. Radicalism
, and civil war ectionalism.- Repubtsc.