The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1890-12-09

flu business men OF known Integrity,
acumen and perseverance, if the de
mands of the people are to be needed
and their rights asserted and the
country blessed with prosperity and
contentment.
Having demonstrated from the leg
islation of the government and the de
cisions of the Supreme Court of the
United States and the practices of the
government that every principle con
tanned III the Sub Treasury bill is in
full accord with the Constitution, |
will now proceed to show that its en-
act nent into law will be a wise thing.
Before l proceed, however, l will
make clear Two minor points. 1t has
been asserted that the government
cannot borrow money at 4 per GEN..
and a it to the people at l per cent.
per annum. The government will not
have to borrow any money. All she
will have to do is to order an issue Of
treasury notes to meet the demands
of produ 3tion and declare them a full
legal tender in payment O; all debts,
both pu bic and private. For this she
will get l per cent. per annum for all
notes advanced. Instead of an ex
pense it will be a source of revenue to
the government. 1t has been objected
to the bill that the manager of the
Sub. Urea sury under it IS elected by
the people when the Constitution re
quIres the President to appoint. How
does the President make his appoint
ments? Are they not made on the
recommendation of members of Con
gress or of personal friends? Would
it not be better for the manager to be
recommended by the votes of the PEG
pie of the locality who he is to serve
and pass up through the members Of
Congress to the President and he
then make the appointment? If the
people get a bad officer they will have
no one to blame but themselves and
Congressman and the Presid 4nt will
be relieved of a great responsibility
and it will be in keeping with a gov.
eminent of the people, by the people
and for the people. Instead of its be
ing an objection, it appears 20 be a
good thing. l will now proceed to
make clear my last proposition; that
the enactment of the Sub Treasury
bill will be a wise thing to do. Money
is oil upon the spindles of civilization
and progress. There can be no ad
vancement without it. This fact, the
history of mankind as they travelled
down the ages clearly demonstrates.
AS gentle and softly falling April
shower gives life and vigor to all
vegetation, so a sufficient supply of
money for the transaction of business
intuses energy into the people and
vltallzes every enterprise. The enact
ment of the Suo- Treasury bill into Law
will evolve a new principle in economic
science. 1t will give the country a
flexible currency, which is badly
needed, possessing the power of ex
psnslon and contra ;JiOn to meet the
demands of produc ion and trade.
The volume If notes a ever exceed
the urgent demand for them as they
will be cancelled within the year IN
which they are issued. One business
year will so blended iato another ii
will be impossible to distinguish them
except by the date of the notes.
Under this system there can be no
forced contraction of the currency by
a combination of men to the detriment
of business. The people will be as
happy as "morning around the noun
tain spread" is beautiful. Mankind
will be under a lasting debt of graft
tude to the chose leaders of the Ali
ance for evolving this new principle in
economic science which is a movement
forward to the next great station on
the great highway of progress. We
ha re now demonstrated by the legis-
latlon of the government and the de-
clsions of the Supreme Court of the
United States and the practice of the
government that every principle in the
Sub Treasury bill is constitutional and
the enactment into law of the bill will
be a wise thing to do. What now
Will nos congressman 90, who hear
ing some ~ignoramus, no doubt soaked
With whiskey, say the Sub Treasury
bill is unconstitutional, caught it up
and repeated it, saying cit is uncon
stitut .onal, and that is all 1 want to
know" what will they do2 VIII
they straighten up and ~stiffening their
back b 1ne, vote for the bill, hoping TO
appease an outraged people and hold
their places, or will they go into their
holes and sulk? The people are not
petitioners. They ask no favors.
They demand their rights and they
intend to have them or know the
reason why. Let them rouse them.
selves and rally upon hill top and in
valley throughout the land, and move
in solid columns with a firm and
steady tread, without a wave in the