The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1890-10-14

substitute one which will give US tn
relief we so much need, we Wau taxi
your plan and accept the relief yol
will give U.s." But my friends, wha
was the result of this appeal? W.
were met with a reply from every
Senator in Congress, from both MY
State and yours, that the plan wa
unconstitutional, and this reply is al
that we have got. The didn't try tt
help us. They didn't offer US any
substitute, when the very last thing
we said was: off this plan won't
work, give US a plan that 10iU WOrI
and give us relief, and we will accept
your plan"
Now you see how we stand before
the great legislative body of the
country.
Now who are you going to send tc
that DO 1y at the next election? Are
you going to send some fellow there
who is not in sympathy with you,
and who will meet you with "uncon,
stitutionality," and who will not try
to help your If the Methodists were
holdi, g a conference ove yonder do
you suppose the Baptists would try to
send delegates there? Not much.
A creed couldn't be formulated that
would embrace or exclude everything
that each side wanted. You want to
send people to your Legislative bodies
who will carry out your wishes.
Co-oo No011o bovyo ooi1 fhof tho
Alliance had taken hold of the Demo
cratic party and proposed to run it at
all costs. The only answer [ have to
make to that is: "let the majority of
the Democratic party rule the Demo
cratic party of this country" Isn't
that good Democratic doctrine? There
is a struggle going on now as to
whether it shall be controlled by
d" bosses" That's the question, and
on that question there is a struggle.
l now want to announce this Demo
cratic doctrine" that men are not
measures, yet all over this country we
are hearing the cry for men and no
cry for measures. [ want the time to
come when great measures shall take
precedence ofmen. Why, if the angel
Gabriel were down here and wer a
candidate, l wouldn't support him if
he were a high protective tariff man.
l would not vote for my father if he
was a candidate and was opposed to
the Sub Treasury plan.
Now about this Sub Treasury mat
ter. 1t has been cried abroad, that it
is unconstituti onal. l say that it is
constitutional. If there is anybody
here who doesn't believe this let him
stand up. If you don't stand up l
wont argue the question. Nobody
stands up.) Well, I'll go this far any
how. The cry has gone out that it
is unconstitutional for the government
to lend money. Well the govern
ment thinks the constitution gives it
the right to 6OrroaO money. Now any
body or corporation that can borrow,
can lend, and 1 defy any lawyer to
separate the two rights. In 1877 the
United States Supreme Court decided
that the Sub Treasury bill was consti
tutionaI when it decided that the
government could lend money. He
cited the case where Congress lent
money to the Philadelphia Centennial
Exposition.
The government coins money. If
it does that it has a right to lend that
money. If it has this right, it has
the right to prescribe the method of
loan. Now let somebody deny this.
Well, the Sub Treasury is practical,
and it can operate oOithout INJURY to the
business of other classes. Let's see
something about its practicabiiity.
You take a hogshead of tobacco or
bale of cotton to a warehouse and de
post it, and get a deposit certificate.
You can take that certificate and step
to a bank and get money on it. You
do that every day don't you? Now,
why can't the cotton farmer have this
right. Let him go tc some govern
ment warehouse and deposit his bale
of cotton; and all that the Sub Treas
ury bill demands is that the govern
ment shall advance to the farmer
80 per cent. of the value of the cotton
in money! holding the cotton as
collateral. This would give the poor
farmer immediate command of sufi
Gent money to provide necessities for
his family, and would give him the
opportunity of holding that bale of
cotton till the spinners aOanted it, ana
then the cotton would bring to the
farmer the highest possible price, and
the farmer would get the benefit of
that price. Now, the Spectator takes
advantage of the poor farmers neces.
sity, buys the cotton at reduced market
price and the speculator puts the cot
ton in a warehouse and holds it till
the spinners want it, and then sell it
for all the profit there is in it. The
Spectator who does nothing is getting
the benefit and profit which the Sub
Treasury plan proposes and will give