The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1891-08-05

intuitlVe principles OF home rule anu
self-governmeut. Every man has this.
No man would submit to his private
affairs being troubled. Communities,
municipalities, counties are governed
by it. No county would tolerate a dis
turbance of its affairs by outside
agencies. A step further, this applies
to the State as well. The Federal Gov
ernment is supreme, but it cannot. dare
not, dictate 10 a State Government.
This bill then is opposed to this princi-
pie. This advocates the perpetuity OF
paternal government.
He first discussed the ware house
system. Every county must be able to
deposit productions to value not less
than S5OOOOO. Every county would
not get ware house. Newberry. your
own county, could not get In. Horny,
Pickens, B2rnwell, Beaufort, George
town and Lexington would not be on
the list. like to meet a fair man like
Mr.. Stokes, and | have the thing be de.
mands-a remedy also.
Senator Butler then read the bill
through. In the section where it pro.
vides for manager to take charge of
the sub-treasury be commented as fol-
lows:
Do you know Nho would be chosen
in the present state OF affairs? A Re
publican would be selected as manager.
I know Edgefeld's man. A mulatto
would probably govern tyrannically
your sub-treasury here.
Voice: Go ahead, General.
In Section 5 it gives the manager the
right to grade products-he alone the
final arbiter. What chance would a
poor man or a rich man either have un-
der such circumstances? The grade of
cotton and corn would come down to
nothing. Where would you be with 80
per cent of your products value in your
pocket?
Talk to me about flexibility of cur
rency. When do we want money most ?
Is it not in the spring? According to
this the money shall go back to the
treasury at the very time 1t IS most
needed.
In Section II 1t IS provided that
S50,0 100000 be appropriated to carry out
the provisions of the Act. Is it for
building ware houses? Some Say that
the Government should issue money
directly to the people. But the Consti-
tuition is ip the way. Money cannot bs
issued unless by appropriation BY Con-
gress, and that provision was put there
by the wisdom and sagacity of the
farmers to protect the people against
dishonest officers; to protect them
against just what this bill wants.
The sub-tressury bill would not stand
ten minutes under the Supreme Court.
State Senator keitt: Was the New
Orleans Exposition appropriation made
in this way?
Senator Butler: 1t was appropriated
by the general welfare clause or the
blanket clause Of the Constitution.
Congress has a definite specific power
and can appropriate for any national
affair. There have been, however, ap-
propristions especially for suffering
humanity's benefit, for cases Of distress.
The Secretary Of War cannot lend a
tent or gun, the Secretary of the Navy
must hold bis peace unless authorized
by Congress. Yet this bill wants to
lend money direct to the people.
This same objection Of the uncer-
tainty of the amount of the approprla-
ton Is against the force bill. Not
withstanding Mr.. Stokes's statement to
the contrary, Mr.. Calhoun never co.,
templated lending money direct to the
people. The treasury is not bank,
but is for managing the Government
disbursements. l want to borrow
money frotn you at 2 per cent. We
have losses and all such Losses will be
made up by taxation. Yet this is what
you wish.
Mr.. Stokes: 1t does not give special
privileges to farmers. There's the fault.
1t ought to.
We have among US three classes of
men: First, the man who neither bor-
rows nor loans money; second, he who
lends money and lives on the interest,
(and he has right to do this0 third,
the borrowing class. NOW, don't call
a man who lends money a rascal, for
it is his right. Class three can be sub.
divided as follows: First, one who bor
rows and returns what he borrowS;
second, one who borrows and by un-
fortunate circumstances cannot pay
bis debt; third, one who borrows at
any price, and never intends to pay it
back. This last class is the one who
wants to borrow at 9 per cent. Seven
per cent is the standard Of interest and
2 per cent is entirely too low. Cheers.
State Senator keitt: General, do ma
tional banks borrow froui the Govern
next at per cent?
Senator Butler explains: No, nation
al banks place their money in the treas
ury for the notes they circulate. The
l per cent is only tax.
The gentleman urged his question
again, claiming desire to be accurate,
aud the Senator explained again, going
into details. Yet the gentleman'S per-
ceptiOn Was very obtuse.
Gen. Butler: l can give man facts,
but I cannot furnish him understand
ing. / ain opposed to national banks.
but not as Mr.. Stokes. They are the
ontgro WITH OF the war. They were es-
tabIished to put down the war. Here
a history of national banks was given
Is nau any less patriotic because he
owns a national bank stock? | don't
oppose national banks because they are
thieves. You put money in them to
make money out of them. National
banks do not want currency. State
banks want it. I am opposed to the
present system because national bank
puts sword and purse in the same
hand and gives the executives OF the
complete control.
Senator Butler took issue with Mr..
Stokes az to the reason Of the dlsap-
pearence Of money out of the treasury.
The money was stolen. Ask the billion
dollar congress where it went.
Now for my remedy.
First. Have reduction of the tariff
from 81 to 60 per cent ad volorsm to
like 40 per cent. | could
not make any amendment to the bill,
for l never saw it after it got in Con-
gress. 1t laid In the pigeon holes of the
agricultural department. No one came
to me for an amendment. | believe in
the Mills bill.