The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1890-06-24

have done had the volume Of mona,
remeined unchanged. In other words
if the amount of money has decreasa4
one-third, debts are increased ona
third. With these principles in view
is it not evident that the owners ~
the money of the United States worr3
desire to lessen its amount instead oa
increasing it in order that its purchas.
ing power might be the greater ? IT,
supply of money has been DIMINISHED
during the past 20 years so that the
volume of money now in the Uni,as
States is at least one third less NJ,
capita than it was 20 years ago. W.
all know that its purchasing power i
at least one-third greater. Gold and
silver is recognized in all civiIiza3
nations as money after it's coinage
and is generally used as a basis for
paper currency. But in the United
States since 1873 gold is the only
basis. This being the case, how can
the increasing demand for money
which is required by the rapid in
crease in business and in population
be met The n way it can be me.
is by restoring silver to an equality
with gold as a basis for our currencv
Remove not the ancient landmark
which thy fathers have set, Prov. %
and %. A return to the policy Of
our fathers is the remedy for the
present depression among the produc.
ing classes of our country. The prob.
lem then that presents itself for our
consideration and demands the action
of Congress is not which metal sba,,
we use but how shall we use both.
THE sUB-TRFAsURY PLAN
If the amount Of gold and silver j.
insufficient as a basis for a circulation
of currency to meet the demands Of
business, then we will place king CO...
ton in rank with them. Suppose We
place; one hundred dollars worth Q:
cotton in a government warehouse and
receive eighty dollars at l per cent.
Is not this good security ? And
would not this place cheap money in
the country?
Yes, says one, this sounds ni:e for
the man that has the cotton or other
products, but about one-half Of the
laboring class never owned a bale Of
cotton.
1t is not expected that every man
that ever expects to own another dol.
lar must go to the warehouse for it.
neither is it expected for every man
that does own a bale of cotton to take
it to the warehouse, but there is a
sufficient number of men that can
take a sufficient amount of cotton and
other farm products there that vii.
place a circulating medium of paper
currency in reach of every man.
This bill if passed will paralyze the
business of the banker. He can be
seen looking for men to borrow his
Is per cent money, but he won't find
them, for who would pay Is per cent
or even 8 per cent. when it can be
had for l or 2 per cent ? Who would
pay 20 per cent on time-priced goods
when they can pay l per cent. money
for them? This will be an advantage
to the merchant. He can buy for
cash and sell for cash, and this vii.
eventually put an end to the mortgage
system. And then | can't get through
the half that hasn't been told, for it
will make better laborers. Don't you
know that a man can and will do you
better service when he knows he is to
have the cash at night than he vii.
if h9 knows he has got to take a little
pork or meal? This will not only
put new life and energy in the day
laborer but it will do the same for
the tenant and landlord.
Yes, says another, that's a song
without a tune, now tell us how to get
the tune. The farmers have been tax
ing one OF Rip Van Wrinkles 20 year
maps but the money bosses began
calling them hay seed socialists and
other pretty names so loud that about
two and one-half millions of them
awoke just in time to see the opening
of the present campaign. So they
have kicked out their jute bagging
lodging and took 4 cup of the bosses
20 cant coffee and have decided to
stay awake for a little season. (Wbat
the people say must be so.)
Our fathers said this is a govern,
ment for the people, moulded by the
people. We know that seven-tenths
of the voters are not Alliance men
but we believe seven tenths of the
voters are in favor of the SubTreas.
ury plan. You Alliance men don't
mean to form a party of your own
do you? No a bit of it. There are
Alliance Democrats enough to see
that all candidates of that party are
pledged to go for Alliance principles,
and there are Alliance Republicans
to see that the same is done in tina.